City of Melbourne Annual Report 2008-09
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City of Melbourne 2009/10 Annual Report
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City of Melbourne
Financials 2008-09
Understanding our Financials
Standard Statements
Income
Income - comparison report
Balance sheet
Balance sheet - comparison report
Cashflow - (reconciliation)
Cashflow - (reconciliation) comparison report
Cashflow
Council works
Council works - comparison report
Financial Statements
Prepared in accordance with the Local Government Act 1989, Local Government Regulations 2001, and applicable Australian Accounting Standards.
Income statement
Balance sheet
Cash flows
Changes in equity (consolidated)
Changes in equity (council)
Notes
01 Significant accounting policies
02 Operating result attributes to functions/activities
03 Revenues from ordinary activities
04 Expenses from ordinary activities
05 Trade and other receivables
06 Inventories
07 Other financial assets
08 Other current assets
09 Property, plant equipment and infrastructure
10 Intangible assets
11 Investment property
12 Trade and other payables
13 Employee benefits
14 Provisions
15 Reserves
16 Gain/(loss) on sale of fixed and intangible assets
17 Cash flow information
18 Leases and commitments
19 Contingent assets and liabilities
20 Superannuation
21 Related party transactions
22 Financial instruments
23 Financial ratios
Statement by Councillors, Chief Executive and Principal Accounting Officer
Auditor-General's Report
Five year statistics
 
Financial statements
For the year ended 30 June 2009
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Balance Sheet
  Consolidated   Council
  2009 2008   2009 2008
  $'000 $'000 Note $'000 $'000
Assets          
Current Assets          
Cash and cash equivalents 111,470 120,210 17(b) 99,037 108,993
Trade and other Receivables 37,366 87,097 5 23,858 68,277
Accrued Income 3,107 3,381   1,926 2,402
Inventories 382 497 6 - -
Other Financial Assets 14,275 14,379 7,17(b) 14,275 14,379
Other Assets 826 581 8(a) 4,633 4,512
  167,426 226,145   143,729 198,563
Non Current Assets held for sale - 2,770 8(b) - 2,770
Total Current Assets 167,426 228,915   143,729 201,333
Non-Current Assets          
Other Financial Assets 3,042 3,042 7 32,818 31,759
Intangible assets 13,499 12,975 10 3,647 3,744
Property, Plant and Infrastructure 2,659,254 2,604,309 9 2,598,941 2,535,238
Investment Property 89,446 79,336 11 89,446 79,336
Total Non-Current Assets 2,765,241 2,699,662   2,724,852 2,650,077
           
Total Assets 2,932,667 2,928,577   2,868,581 2,851,410
Liabilities          
Current Liabilities          
Trade and Other Payables 53,941 71,051 12 43,671 53,744
Employee benefits 25,480 23,369 13(a) 18,115 16,862
Provisions 622 755 14 467 555
Total Current Liabilities 80,043 95,175   62,254 71,162
Non-Current Liabilities          
Interest Bearing Liability 7,500 10,600   - -
Employee benefits 5,208 4,336 13(b) 3,656 2,929
Non-Current Payables 6,849 7,954 12(a) 6,849 7,954
Defined Benefits Superannuation Fund 10,355 (3,784) 1(f), 20 -  
Total Non-Current Liabilities 29,912 19,106   10,505 10,883
           
Total Liabilities 109,957 114,281   72,759 82,045
           
Net Assets 2,822,710 2,814,296   2,795,822 2,769,365
Equity          
Accumulated Surplus 1,744,468 1,729,147   1,726,002 1,700,761
Reserves 1,078,242 1,085,149 15 1,069,820 1,068,604
Total Equity 2,822,710 2,814,296   2,795,822 2,769,365
The balance sheet should be read with the accompanying notes to the financial statements.
© City of Melbourne 2009
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