Financial summary FY2023-24

Download a PDF version of Northcott’s full Financial Report 2023-24

Table 2: Revenue and Expenditure FY2023-24

Category Amount ($’000) rounded
Operating revenue (excludes revenue from capital grants income) $228,087
Operating expenditure -$249,128
Operating surplus or deficit -$21,041
Financial income or loss $4,130
Capital grants income –
Estates and bequests $325
Other non operating income or loss $43
Net surplus or deficit -$16,543

Table 3: Assets and Liabilities FY2023-24

Category Amount ($’000) rounded
Total assets $100,988
Total liabilities $58,285
Total equity $42,713

Table 4: Cash Flows FY2023-24

Category Amount ($’000) rounded
Net cash (used in)/from Operating Activities -$9,149
Net cash (used in)/from Investing Activities -$11,981
Net cash (used in)/from Financing Activities -$4,469
Cash and cash equivalents at 30 June 2024 $10,419

Table 5: Ratios

Category Ratio
Current assets/current liabilities 1.15:1
Total cost of services/total expenditure 87%

97% of Northcott’s total income in FY2023-24
came from Government funding (includes
capital grants).

93% of Northcott’s total income in FY2023-24 was spent on delivering services.

Download a PDF version of Northcott’s full Financial Report 2023-24