Financial summary 2022-23

Download a PDF version of Northcott’s full Financial Report 2022-23

Table 2: Revenue and Expenditure 2022-23

Category Amount ($) rounded
Operating revenue (excludes revenue from capital grants income) $217,402,000
Operating expenditure -$236,864,000
Operating surplus or deficit -$19,462,000
Financial income or loss $3,779,000
Capital grants income –
Estates and bequests $656,000
Other non operating income or loss $2,788,000
Net surplus or deficit -$12,239,000

Table 3: Assets and Liabilities 2022-23

Category Amount ($) rounded
Total assets $112,167,000
Total liabilities $52,911,000
Total equity $59,256,000

Table 4: Cash Flows 2022-23

Category Amount ($) rounded
Net cash (used in)/from Operating Activities -$11,471,000
Net cash (used in)/from Investing Activities $39,465,000
Cash and cash equivalents at 30 June 2023 $36,018,000

Table 5: Ratios

Category Ratio
Current assets/current liabilities 1.57:1
Total cost of services/total expenditure 87%

94% of Northcott’s total income in 2022-23 came from Government funding (includes capital grants).

92% of Northcott’s total income in 2022-23 was spent on delivering services.

65% of Northcott’s income was spent in Metropolitan Sydney.

28% was spent in regional NSW.

2% was spent on statewide programs.

5% was spent in Queensland.