Annual reports

Interim Report - 31 December 2016

This report details Auckland Council Group’s results for the six months to 31 December 2016. This was a period of significant activity with the:

  • October 2016 local government elections
  • on-going focus on investment in major projects to support the growth and infrastructure challenges that Auckland faces.

Group highlights include:

  • revenue of $2,777 million, ahead of the prior year by $137 million
  • operating surplus before gains and losses of $966 million, against the 31 December 2015 surplus of $948 million
  • total net Group debt (after cash on hand)  was $7,539 million, which has increased by $56 million in the last six months and
  • total assets amounted to $45.8 billion, an increase of $1.1 billion from June 2016. 

The solid financial performance demonstrates the underlying strength in our financial management and resolve to deliver the council’s Long-term Plan.

Auckland's increasing growth puts pressure on the infrastructure within the Auckland region and places more demand on council services and resources.

We are continuing this focus on infrastructure with investment in the last six months of $713 million.

The council continues to diversify its funding sources. This in part contributed to the November 2016 reaffirming of our credit ratings:

  • AA (stable) from Standard and Poor’s
  • Aa2 from Moody’s Investor Services.

Interim Report - 31 December 2016 (PDF 3.2MB)

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