| A summary of the Financial Statements is provided below. | |||
| 2022 | 2021 | ||
| $ '000 | $ '000 | ||
Income Statement |
|||
| Total income from continuing operations | 62,159 | 51,371 | |
| Total expenses from continuing operations | 43,818 | 40,286 | |
| Operating result from continuing operations | 18,341 | 11,085 | |
| Net operating result for the year | 18,341 | 11,085 | |
Net operating result before grants and contributions provided for capital purposes |
(878) |
(1,888) |
|
Statement of Financial Position |
|||
| Total current assets | 32,818 | 36,926 | |
| Total current liabilities | (19,096) | (15,240) | |
| Total non-current assets | 580,945 | 509,050 | |
| Total non-current liabilities | (38,891) | (38,258) | |
| Total equity | 555,776 | 492,478 | |
Other financial information |
|||
| Unrestricted current ratio (times) | 1.98 | 2.17 | |
| Operating performance ratio (%) | 0.74% | (5.47)% | |
| Debt service cover ratio (times) | 3.07 | 2.50 | |
| Rates and annual charges outstanding ratio (%) | 3.61% | 4.39% | |
| Infrastructure renewals ratio (%) | 55.31% | 48.04% | |
| Own source operating revenue ratio (%) | 51.55% | 58.47% | |
| Cash expense cover ratio (months) | 19.13 | 15.55 | |
