HRCC has recently concluded its financial audit under the guidance of the NSW Audit Office.
The HRCC General Purpose Financial Statements 2023/24 will be tabled at the HRCC Ordinary Meeting of 14 November 2024, 6:30pm, at 6 Walker St, South Windsor. Members of the public will be able to make submissions on them at that meeting.
A summary of the financial results are provided below:
|
|
Actual 2023/24 |
|
Actuals 2022/23 |
|
Results from Operations |
$,000 |
|
$,000 |
|
Revenue |
1,654 |
|
1,227 |
|
Expenses |
1,414 |
|
1,342 |
|
Net Result |
240 |
|
-115 |
|
|
|
|
|
|
Financial Position |
|
|
|
|
Current Assets |
1,564 |
|
1,581 |
|
Current Liabilities’ |
264 |
|
426 |
|
Total Equity |
4,018 |
|
2,932 |
|
|
|
TCorp Benchmark |
|
|
Other Financial Information |
|
|
|
|
Operating Performance Ratio |
14.20% |
0% |
-9.37% |
|
Unrestricted Current Ratio |
16.03x |
1.50x |
13.80x |
|
Cash Expense Cover Ratio |
12.84mths |
3.00mths |
12.37mths |