Cork City Council Annual Report 2021

[Leading Cork to take its place as a World Class City] __________________________________________________________________________________________________________________________

Statement of Financial Position (Balance Sheet) at 31 st December 2021

Expenditure by Division

Notes

2021 €

2021 €

Fixed Assets

1

2021

2021

Operational

2,382,020,567 1,838,757,194

2,343,978,366 1,844,490,716

Infrastructural

Community

111,369,105

111,992,138

Non-Operational

53,873,737

53,873,737

4,386,020,603

4,354,334,957

Work in Progress and Preliminary Expenses

2

124,664,469

100,407,113

Long Term Debtors

3

118,922,249

104,874,408

Current Assets Stocks

4 5

-

-

Trade Debtors & Prepayments

31,940,307

41,726,109

Bank Investments

56,526,506

41,627,058

Cash at Bank

4,012,706

6,533,478

Cash in Transit

21,489

22,449

92,501,008

89,909,094

Current Liabilities (Amounts falling due within one year) Bank Overdraft

-

-

Creditors & Accruals

6

48,690,738

55,783,501

Finance Leases

25,596

29,778

48,716,334

55,813,279

Net Current Assets / (Liabilities)

43,784,675

34,095,815

Creditors (Amounts falling due after more than one year) Loans Payable

7

173,239,002

182,238,700

Finance Leases

5,594

21,780

Refundable Deposits

8

8,545,893

7,971,676

Other

59,279,561

41,200,342

241,070,049

231,432,498

Net Assets

4,432,321,946

4,362,279,795

Represented by

Capitalisation Account

9 2

4,386,020,604

4,354,334,957

Income WIP

110,894,284

91,753,991

General Revenue Reserve

1,040,842

980,828

Other Specific Reserves

-

-

Other Balances

10

(65,633,784)

(84,789,981

Total Reserves

4,432,321,946

4,362,279,795

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