Annual Reports
Audited Financial Statements
Financial Information
31 December 2020 | Financial Performance | 31 December 2019 |
$3,839,771 | Interest Revenue | $4,751,520 |
($2,139,434) | Interest Expense | ($2,588,846) |
$1,700,337 | Net Interest Revenue | $2,162,674 |
- | Other Income | - |
$4,308 | Other Revenue | $200 |
$1,704,645 | Operating Revenue | $2,162,874 |
($1,212,923) | Operating Expenses | ($1,258,480) |
$491,722 | Operating Surplus | $904,394 |
Financial Position
31 December 2020 | Assets | 31 December 2019 |
$100,042,893 | Loans | $90,148,974 |
$10,619,999 |
Cash / Investments Short Term
|
$7,361,418 |
$227,579 | Other Assets | $77,073 |
$110,890,471 |
Total Assets
|
$97,587,465 |
31 December 2020 | Liabilities | 31 December 2019 |
$90,206,427 | Investors' Funds | $66,017,627 |
$9,858,211 | Borrowings | $20,488,915 |
$785,942 | Other Liabilities | $1,161,955 |
$100,850,580 | Total Liabilities | $87,668,497 |
31 December 2020 | Proprietor's Funds | 31 December 2019 |
$10,015,892 | Reserves | $9,461,498 |
($67,723) | Financial Asset Revaluation Reserve | ($96,924) |
$91,722 | Retained Earnings | $554,394 |
$10,039,891 | Total | $9,918,968 |
$400,000 | Grants paid to the Diocese | $350,000 |
$251,083 | Interest on Reserves paid to the Diocese | $188,767 |