Chief Executive Officer’s Report

Shire of Esperance

Annual Financial Report

For the year ended 30th June 2022

Rate Setting Statement

2022 2022 2021 NOTE Actual Budget Actual $ $ $

NET CURRENT ASSETS - At start of financial year - surplus/(deficit) 25(b) 3,959,285 4,469,126 3,927,680

OPERATING ACTIVITIES

Revenue from operating activities (excluding general rate)

Rates (excluding general rate) Operating grants, subsidies and contributions Fees and charges Interest earnings Other revenue Profit on asset disposals

Expenditure from operating activities

Employee costs Materials and contracts Utility charges Depreciation Finance costs Insurance Other expenditure Loss on asset disposals 24(b) 417,529 323,270 525,059 16,828,512 8,627,838 10,224,432 10,262,139 9,445,366 9,040,472 249,537 286,846 294,421 827,320 741,160 880,382 10(b) 383,422 292,496 957,096 28,968,459 19,716,976 21,921,862

(18,432,247) (18,163,351) (16,620,402) (10,894,438) (12,096,536) (9,729,142) (1,356,927) (1,127,822) (1,203,164) (19,333,077) (17,625,921) (17,671,550) (96,365) (85,614) (94,820) (745,776) (779,697) (667,747) (607,075) (635,956) (811,465) 10(b) (202,379) (588,643) (196,058) (51,668,284) (51,103,540) (46,994,348)

Non-cash amounts excluded from operating activities

Amount attributable to operating activities

25(a) 19,526,468 17,889,485 16,474,990 (3,173,357) (13,497,079) (4,669,816)

INVESTING ACTIVITIES

Non-operating grants, subsidies and contributions

10,643,976 16,557,813 10,272,118 Proceeds from disposal of assets 10(b) 1,536,297 1,483,500 2,945,730 Proceeds from financial assets at amortised cost - self supporting loans 26(a) 179,794 169,328 163,005 Payments for financial assets at amortised cost - self supporting loans (750,000) (800,000) (20,000) Proceeds from financial assets at fair values through profit and loss - Local Government House Trust (6,994) 0 (6,542) Payments for investments in associates (142,115) (970,954) (74,344) Purchase of property, plant and equipment 8(a) (6,007,953) (10,471,160) (4,473,495) Purchase and construction of infrastructure 9(a) (19,791,743) (26,544,827) (22,233,751) (14,338,738) (20,576,300) (13,427,279)

Amount attributable to investing activities

(14,338,738) (20,576,300) (13,427,279)

FINANCING ACTIVITIES

Repayment of borrowings Proceeds from borrowings Payments for principal portion of lease liabilities Transfers to reserves (restricted assets) Transfers from reserves (restricted assets)

Amount attributable to financing activities

26(a) (229,920) (219,454) (210,940) 26(a) 750,000 800,000 20,000 26(c) (16,338) (22,310) (27,377) 27 (10,437,320) (2,476,424) (9,499,232) 27 5,708,087 9,501,524 10,260,610 (4,225,491) 7,627,956 543,061

Surplus/(deficit) before imposition of general rates Total amount raised from general rates Surplus/(deficit) after imposition of general rates

(17,778,301) (21,976,294) (17,554,034) 24(a) 21,697,501 21,976,294 21,513,319 25(b) 3,919,200

0 3,959,285

This statement is to be read in conjunction with the accompanying notes.