Annual Reports
Audited Financial Statements
Financial Information
| 31 December 2017 | Financial Performance | 31 December 2018 |
| $5,097,293 | Interest Revenue | $4,981,996 |
| ($2,690,602) | Interest Expense | ($2,667,629) |
| $2,406,691 | Net Interest Revenue | $2,314,367 |
| - | Other Income | - |
| - | Other Revenue | $1,957 |
| $2,406,691 | Operating Revenue | $2,316,324 |
| ($1,394,598) | Operating Expenses | ($1,325,446) |
| $1,012,093 | Operating Surplus | $990,878 |
Financial Position
| 31 December 2017 | Assets | 31 December 2018 |
| $85,154,798 | Loans | $85,354,879 |
| $4,052,521 |
Cash / Investments Short Term
|
$5,714,959 |
| $88,319 | Other Assets | $90,595 |
| $89,295,638 |
Total Assets
|
$91,160,433 |
| 31 December 2017 | Liabilities | 31 December 2018 |
| $60,537,334 | Investors' Funds | $68,554,533 |
| $19,470,057 | Borrowings | $12,572,289 |
| $458,793 | Other Liabilities | $602,522 |
| $80,466,184 | Total Liabilities | $81,729,344 |
| 31 December 2017 | Proprietor's Funds | 31 December 2018 |
| $8,173,032 | Reserves | $8,835,125 |
| ($5,671) | Financial Asset Revaluation Reserve | ($34,914) |
| $662,093 | Retained Earnings | $630,878 |
| $8,829,454 | Total | $9,431,089 |
| $350,000 | Grants paid to the Diocese | $360,000 |
| $163,461 | Interest on Reserves paid to the Diocese | $176,702 |