Financial summary 2021-22

Download a PDF version of Northcott’s full Financial Report 2021-22

Table 1: Revenue and Expenditure 2021-22

Category Amount ($) rounded
Operating revenue (excludes revenue from capital grants income) $216,942,000
Operating expenditure -$223,642,000
Operating surplus or deficit -$6,700,00
Financial income or loss -$5,045,000
Capital grants income –
Estates and bequests $345,000
Other non operating income or loss $393,000
Net surplus or deficit -$10,998,000

Table 2: Assets and Liabilities 2021-22

Category Amount ($) rounded
Total assets $123,662,000
Total liabilities $52,167,000
Total equity $52,167,000

Table 3: Cash Flows 2021-22

Category Amount ($) rounded
Net cash (used in)/from Operating Activities -$6,729,000
Net cash (used in)/from Investing Activities -$5,283,000
Cash and cash equivalents at 30 June 2022 $8,024,000

Table 4: Ratios

Category Ratio
Current assets/current liabilities 1.93:1
Total cost of services/total expenditure 88%

97% of Northcott’s total income in 2021-22 came from Government funding (including capital grants)

92% of Northcott’s total income in 2021-22 was spent on delivering services.

70% of Northcott’s income was spent in Sydney Metropolitan.

27% is spent in regional NSW.

3% is spent on statewide programs.