Shire President’s Report

Shire of Esperance

Annual Financial Report

For the year ended 30th June 2022

CASH FLOWS FROM OPERATING ACTIVITIES

Receipts

Rates Operating grants, subsidies and contributions Fees and charges Interest received Goods and services tax received Other revenue

Payments

Employee costs Materials and contracts Utility charges Finance costs Insurance paid Goods and services tax paid Other expenditure

2022 2022 2021 NOTE Actual Budget Actual $ $ $

22,289,334 22,086,294 21,452,993 16,241,306 7,969,838 12,441,164 10,647,623 9,445,366 9,656,777 249,537 241,550 294,421 1,142,967 125,000 967,188 827,320 786,456 880,382 51,398,087 40,654,504 45,692,925

(18,091,111) (18,193,351) (16,245,142) (12,683,182) (11,898,036) (10,608,659) (1,356,927) (1,127,822) (1,203,164) (93,807) (86,114) (95,978) (745,776) (779,697) (667,747) (1,318,094) (125,000) (842,190) (607,075) (635,956) (811,465) (34,895,972) (32,845,976) (30,474,345)

Net cash provided by (used in) operating activities 18(b) 16,502,115 7,808,528 15,218,580

CASH FLOWS FROM INVESTING ACTIVITIES

Payments for financial assets at amortised cost 0 0 182,242

Payments for financial assets at amortised cost - self supporting loans

(750,000) (800,000) (20,000) Payments for development of land held for resale (142,115) (970,954) (74,344) Payments for purchase of property, plant & equipment 8(a) (6,007,953) (10,471,160) (4,473,495) Payments for construction of infrastructure 9(a) (19,791,743) (26,544,827) (22,233,751) Non-operating grants, subsidies and contributions 10,643,976 16,557,813 10,272,118 Proceeds from financial assets at amortised cost 9,200,000 0 (9,200,000) Proceeds from financial assets at amortised cost - self supporting loans 179,794 169,328 163,005 Proceeds from financial assets at fair values through profit and loss - Local Government House Trust (6,994) 0 (6,542) Proceeds from sale of property, plant & equipment 10(b) 1,536,297 1,483,500 2,945,730 Net cash provided by (used in) investing activities (5,138,738) (20,576,300) (22,445,037)

CASH FLOWS FROM FINANCING ACTIVITIES

Repayment of borrowings 26(a) (229,920) (219,454) (210,940) Payments for principal portion of lease liabilities 26(c) (16,338) (22,310) (27,377) Proceeds from new borrowings 26(a) 750,000 800,000 20,000 Net cash provided by (used In) financing activities 503,742 558,236 (218,317)

Net increase (decrease) in cash held

11,867,119 (12,209,536) (7,444,774) Cash at beginning of year 29,990,480 39,190,481 37,435,254 Cash and cash equivalents at the end of the year 18(a) 41,857,599 26,980,945 29,990,480