{"id":6418,"date":"2022-10-14T14:19:30","date_gmt":"2022-10-14T04:19:30","guid":{"rendered":"https:\/\/ourimpact.northcott.com.au\/2022\/?page_id=6418"},"modified":"2022-10-26T18:35:38","modified_gmt":"2022-10-26T08:35:38","slug":"financial-summary","status":"publish","type":"page","link":"https:\/\/ourimpact.northcott.com.au\/2022\/financial-summary\/","title":{"rendered":"Financial summary"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” top_padding=”50″ bottom_padding=”31″ top_padding_tablet=”50″ bottom_padding_tablet=”31″ top_padding_phone=”35″ bottom_padding_phone=”20″ text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” class=”section_content” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_custom_heading text=”Financial summary 2021-22″ font_container=”tag:h4|text_align:left|color:%231d4e97″ use_theme_fonts=”yes” el_class=”title_element”][nectar_btn size=”small” open_new_tab=”true” button_style=”regular” button_color_2=”Extra-Color-2″ solid_text_color_override=”#1d4e97″ icon_family=”none” el_class=”btn_dl” text=”Download a PDF version of Northcott\u2019s full Financial Report 2021-22″ url=”https:\/\/ourimpact.northcott.com.au\/2022\/wp-content\/uploads\/2022\/10\/Northcott-Financial-Report-FY22.pdf”][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” top_padding=”64″ bottom_padding=”28″ top_padding_tablet=”64″ bottom_padding_tablet=”28″ top_padding_phone=”35″ bottom_padding_phone=”20″ text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_custom_heading text=”Table 1: Revenue and Expenditure 2021-22″ font_container=”tag:p|text_align:left|color:%231d4e97″ use_theme_fonts=”yes” el_class=”font_25 font_bold”][vc_column_text]\n\n\n\n\n\n\n\n\n\n\n\n
Category<\/th>\nAmount ($) rounded<\/th>\n<\/tr>\n
Operating revenue (excludes revenue from capital grants income)<\/td>\n$216,942,000<\/td>\n<\/tr>\n
Operating expenditure<\/td>\n-$223,642,000<\/td>\n<\/tr>\n
Operating surplus or deficit<\/td>\n-$6,700,00<\/td>\n<\/tr>\n
Financial income or loss<\/td>\n-$5,045,000<\/td>\n<\/tr>\n
Capital grants income<\/td>\n–<\/td>\n<\/tr>\n
Estates and bequests<\/td>\n$345,000<\/td>\n<\/tr>\n
Other non operating income or loss<\/td>\n$393,000<\/td>\n<\/tr>\n
Net surplus or deficit<\/td>\n-$10,998,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bottom_padding=”28″ bottom_padding_tablet=”28″ bottom_padding_phone=”20″ text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_custom_heading text=”Table 2: Assets and Liabilities 2021-22″ font_container=”tag:p|text_align:left|color:%231d4e97″ use_theme_fonts=”yes” el_class=”font_25 font_bold”][vc_column_text]\n\n\n\n\n\n\n
Category<\/th>\nAmount ($) rounded<\/th>\n<\/tr>\n
Total assets<\/td>\n$123,662,000<\/td>\n<\/tr>\n
Total liabilities<\/td>\n$52,167,000<\/td>\n<\/tr>\n
Total equity<\/td>\n$52,167,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bottom_padding=”28″ bottom_padding_tablet=”28″ bottom_padding_phone=”20″ text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_custom_heading text=”Table 3: Cash Flows 2021-22″ font_container=”tag:p|text_align:left|color:%231d4e97″ use_theme_fonts=”yes” el_class=”font_25 font_bold”][vc_column_text]\n\n\n\n\n\n\n
Category<\/th>\nAmount ($) rounded<\/th>\n<\/tr>\n
Net cash (used in)\/from Operating Activities<\/td>\n-$6,729,000<\/td>\n<\/tr>\n
Net cash (used in)\/from Investing Activities<\/td>\n-$5,283,000<\/td>\n<\/tr>\n
Cash and cash equivalents at 30 June 2022<\/td>\n$8,024,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_custom_heading text=”Table 4: Ratios” font_container=”tag:p|text_align:left|color:%231d4e97″ use_theme_fonts=”yes” el_class=”font_25 font_bold”][vc_column_text]\n\n\n\n\n\n
Category<\/th>\nRatio<\/th>\n<\/tr>\n
Current assets\/current liabilities<\/td>\n1.93:1<\/td>\n<\/tr>\n
Total cost of services\/total expenditure<\/td>\n88%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=”yes” content_placement=”top” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” top_padding=”13″ top_padding_tablet=”13″ top_padding_phone=”13″ text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” class=”content_bgr_col” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color=”#f4f9ff” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_custom_heading text=”97% of Northcott\u2019s total income in 2021-22 came from Government funding (including capital grants)” font_container=”tag:p|text_align:left|color:%231d4e97″ use_theme_fonts=”yes”][\/vc_column_inner][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color=”#fff9e5″ background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_custom_heading text=”92% of Northcott\u2019s total income in 2021-22 was spent on delivering services.” font_container=”tag:p|text_align:left|color:%231d4e97″ use_theme_fonts=”yes”][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=”yes” content_placement=”top” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” top_padding=”15″ bottom_padding=”14″ top_padding_tablet=”15″ bottom_padding_tablet=”14″ top_padding_phone=”10″ bottom_padding_phone=”10″ text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” class=”content_bgr_col” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color=”#fff5f9″ background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_custom_heading text=”70% of Northcott\u2019s income was spent in Sydney Metropolitan.” font_container=”tag:p|text_align:left|color:%231d4e97″ use_theme_fonts=”yes”][\/vc_column_inner][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color=”#f2fffe” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_custom_heading text=”27% is spent in regional NSW.” font_container=”tag:p|text_align:left|color:%231d4e97″ use_theme_fonts=”yes”][\/vc_column_inner][\/vc_row_inner][vc_custom_heading text=”3% is spent on statewide programs.” font_container=”tag:p|text_align:left|color:%231d4e97″ use_theme_fonts=”yes” el_class=”content_bgr single” css=”.vc_custom_1666583161909{background-color: #f4f9ff !important;}”][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"

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Access our full Financial Report here.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ourimpact.northcott.com.au\/2022\/financial-summary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial summary - Northcott Annual Report 2021-22\" \/>\n<meta property=\"og:description\" content=\"See a summary of our financial performance for FY22. 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