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 |