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In 2002-03, the total net assets of all councils in Tasmania was $4,366 million, which equates to net assets of $9,151 per head of population.

The local government council of Flinders recorded net assets per head of population of $47,029, significantly higher than other local government councils, because the council rather than the state government owns and is responsible for the provision of most of its roads. Central Highlands council also recorded high net assets per head of population ($27,393) due to a high level of non-current assets relating to roads.

BALANCE SHEET, Tasmanian local government councils - 2002-03
		Current assets	Non-current assets	Current liabilities	Non-current liabilities	Net assets	Net assets per head of estimated resident population(a)
Local government council		$'000	$'000	$'000	$'000	$'000	$
Greater Hobart-Southern
	Brighton	2,234	78,617	1,679	5,340	73,832	5,649
	Central Highlands	2,885	61,946	618	86	64,127	27,393
	Clarence	28,895	337,623	6,971	24,396	335,151	6,722
	Derwent Valley	1,233	41,998	1,786	2,442	39,003	4,148
	Glamorgan/Spring Bay	1,571	42,316	899	2,766	40,222	9,880
	Glenorchy	8,894	382,999	9,187	24,849	357,857	8,028
	Hobart	16,072	616,811	8,136	16,888	607,859	12,646
	Huon Valley	7,477	78,418	1,756	1,505	82,634	5,869
	Kingborough	10,278	255,281	3,256	999	261,304	8,616
	Sorell	3,991	83,631	2,167	2,487	82,968	7,438
	Southern Midlands	2,860	66,132	840	1,724	66,427	11,569
	Tasman	1,097	11,853	1,010	872	11,068	5,033
	Total	87,487	2,057,625	38,305	84,354	2,022,452	8,610
Northern
	Break O'Day	4,120	50,053	959	1,399	51,814	8,726
	Dorset	5,862	97,956	1,938	953	100,928	13,913
	Flinders	6,037	37,235	2,016	106	41,150	47,029
	George Town	1,924	41,660	2,274	3,057	38,253	5,726
	Launceston	33,799	711,588	13,597	10,773	721,017	11,384
	Meander Valley	7,250	125,703	1,577	51	131,326	7,186
	Northern Midlands	11,209	140,818	1,137	134	150,756	12,526
	West Tamar	6,905	106,680	2,167	2,499	108,918	5,269
	Total	77,106	1,311,693	25,665	18,972	1,344,162	9,952
Mersey-Lyell
	Burnie	14,728	239,750	4,278	7,123	243,076	12,774
	Central Coast	8,700	182,115	2,920	2,255	185,640	8,827
	Circular Head	4,972	64,592	2,157	572	66,835	8,266
	Devonport	5,791	292,296	7,481	10,090	280,516	11,418
	Kentish	3,394	28,221	441	501	30,673	5,544
	King Island	3,018	19,354	965	296	21,111	12,589
	Latrobe	2,203	49,817	1,156	2,142	48,722	5,720
	Waratah/Wynyard	4,233	77,356	2,706	3,544	75,339	5,587
	West Coast	1,900	49,801	1,635	2,986	47,079	9,073
	Total	48,939	1,003,302	23,739	29,509	998,991	9,326
Total all councils		213,532	4,372,620	87,709	132,835	4,365,605	9,151
(a) Estimated Resident Population of local government councils at 30 June 2003. Refer to Population in municipalities for more detail. Source: Measuring Council Performance in Tasmania 2002-03, Department of Premier and Cabinet