Draft Pre-audited Financial Statements – Wholly Owned Companies 2023/24 and Out-turn Update 2023/24
Meeting: 25/06/2024 - Finance Sub-Committee (Item 7)
PDF 236 KBTo note the pre-audited financial statements for the Wholly Owned Companies and Outturn for the financial year 2023/24.
Additional documents:
Minutes:
The Sub-Committee considered a report which confirmed that the Council’s wholly owned companies would publish, on their websites, their pre-audit Summary Financial Statements for year ended 31 March 2024, alongside the Council’s 2023/24 Group Financial Statements.
RESOLVED (unanimously): That the Sub Committee
1 note the summarised position of the Wholly Owned Companies Financial Statements for year ended 31st March 2024 based on the presentation provided at this meeting and included in this report at Appendix 1.
2 note the dates in relation to the approval process for the Financial Statements.
3 note the overall financial performance of the Wholly Owned Companies in the 2023/24 financial year, as contained within the Appendix 1, as follows:
(a) ASDV Reserves increased by £0.173m, retained reserves are £2.016m.
(b) Wholly Owned Companies Net Core Contract Spending was £45.051m