Our Financials 2016-2017
Financial Performance
The financial performance is summarised from extracts of the audited financial statements of CareSouth for the period ended 30 June 2017.
Trading Results
The operating profit for the year ended 30th June 2017 was $85,005. In the previous year it was $851,337.
Review of Operations
Growth in Western NSW Out-of-Home Care continued in both foster care and residential care services. Investment income has declined compared to the previous year due to investments in assets and lower interest rates.
Likely Developments
The Organisation intends to:
a) Expand services provided to clients through provision of more community-based services across a wider geographical area.
c) Transition to the National Disability Insurance Scheme (NDIS) within the regions where we operate.
