Audited Financial Statements for the Year Ended 30 June 2017
Audited Financial Statements Audited ended 30 June 2017 the year for 76 City of Adelaide Annual Report 2016−17 77 City of Adelaide Annual Report 2016−17 Statement of Comprehensive Income for the year ended 30 June 2017 Consolidated Consolidated $'000 Notes 2017 2016 INCOME Rates Revenues 2a 101,330 99,256 Statutory Charges 2b 16,709 16,835 User Charges 2c 65,938 65,073 Grants, Subsidies & Contributions 2g 4,082 5,615 Investment Income 2d 760 478 Reimbursements 2e 21,814 1,762 Other Income 2f 478 182 Total Income 211,111 189,201 EXPENSES Employee Costs 3a 68,880 69,023 Materials, Contracts & Other Expenses 3b 82,257 79,145 Depreciation, Amortisation & Impairment 3c 42,636 39,468 Finance Costs 3d 31 200 Net loss - Equity Accounted Council Businesses 19 13 13 Total Expenses 193,817 187,849 OPERATING SURPLUS / (DEFICIT) 17,294 1,352 Asset Disposal & Fair Value Adjustments 4 (2,795) 1,358 Amounts Received Specifically for New or Upgraded Assets 2g 21,626 854 NET SURPLUS / (DEFICIT) 1 36,125 3,564 Other Comprehensive Income Amounts which will not be reclassified subsequently to operating result Changes in Revaluation Surplus - I,PP&E 9a 5,916 8,725 Net Actuarial Gains on Defined Benefit Plan 9b 402 179 Total Other Comprehensive Income 6,318 8,904 TOTAL COMPREHENSIVE INCOME 42,443 12,468 1 Transferred to Equity Statement 78 City of Adelaide Annual Report 2016−17 Statement of Financial Position for the year ended 30 June 2017 Consolidated Consolidated $'000 Notes 2017 2016 ASSETS Current Assets Cash & Cash Equivalents 5a 31,141 3,361 Trade & Other
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