City of Sydney
- GPO Box 1591Sydney 2001
- 02 9265 9333
- [email protected]
Annual financial statements 2024/25
Each year individual local governments across NSW are required to present a set of audited financial statements.
Open for feedback
Share your feedback on our financial statements for 2024/25.
Public consultation period to
Why we’re doing this
The City of Sydney’s audited financial reports and the auditor’s reports for the financial year ending 30 June 2025 will be presented to Council at its meeting on 17 November 2025.
The statements set out the financial performance, financial position and cash flows of the City of Sydney for the financial year ending 30 June 2025. They also contain explanatory notes for the major components of income and expenditure and the financial position of assets and liabilities.
The annual financial statements comprise:
- General purpose financial statements
- Special purpose financial statements
- Special schedules.
Our financial statements are prepared in line with Australian accounting standards and interpretations from the Australian Accounting Standards Board, the Local Government Act 1993 and the Local Government Code of Accounting Practice and Financial Reporting.
Summary of financial statements
A summary of the financial statements is provided below:
| Income Statement | 2025 $'000 |
2024 $'000 |
|---|---|---|
| Total Income from Continuing Operations | 909,748 | 894,576 |
| Total Expenses from Continuing Operations | 776,286 | 746,656 |
| Operating Result from Continuing Operations | 133,462 | 147,920 |
| Net Operating Result for the year | 133,462 | 147,920 |
| Net Operating Result before Capital Grants & Contributions | 22,131 | 30,081 |
| Balance Sheet | 2025 $'000 |
2024 $'000 |
|---|---|---|
| Total Current Assets | 852,765 | 870,903 |
| Total Current Liabilities | (331,843) | (243,279) |
| Total Non-Current Assets | 16,054,505 | 14,507,006 |
| Total Non-Current Liabilities | (89,229) | (100,013) |
| Total Equity | 16,486,198 | 15,034,617 |
Annual financial statements 2024/25PDF · 10.61 MB · Last modified
How you can give feedback
Consultation closes at 5pm on Monday 17 November 2025.
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Complete our survey
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Email or post your feedback
You can give your feedback by email to [email protected] or post to:
Senior Community Engagement Coordinator, City Engagement
City of Sydney
456 Kent Street
Sydney NSW 2000
