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Annual Financial Statements for year ended 30 June 2012
60
36. Uniform Presentation of Finances
The following is a high level summary of operating and capital investment activities of the Council prepared
on a uniform and consistent basis. The uniform presentation represents a simplified version of reporting under
the Government Finance Statistics (GFS) framework of the Australian Bureau of Statistics.
All Councils in South Australia have voluntarily agreed to summarise annual budgets and long term financial
plans on the same basis.
This arrangement ensures that all Councils provide a common core of financial information which enables
meaningful comparisons of each Council’s finances.
Item Description
2011-2012
$
2010-2011
$
Operating Revenues
101,570,434
97,661,091
less
Operating Expenses
(97,983,341)
(92,994,800)
Operating Surplus before Capital Amounts
3,887,093
4,666,291
Less
Net Outlays on Existing Assets
Capital expenditure on renewal & replacement of existing assets
14,999,405
19,056,815
less
Depreciation, Amortisation and Impairment
(24,097,826)
(23,258,014)
less
Proceeds from sale of replaced assets
(927,250)
(1,276,766)
(10,025,670)
(5,477,965)
Less
Net Outlays on New and Upgraded Assets
Capital expenditure on new and upgraded assets
9,178,714
5,012,173
less
Amounts received specifically for new and upgraded assets
(1,755,068)
(1,498,260)
Less Proceeds from sale of surplus assets
0
0
(7,423,646)
3,513,913
Net Lending / (Borrowing) for Year
6,489,118
6,630,343
Notes to the Financial Statements