Umzimvubu Local Municipality (EC442)

Financial Results

All values: R'0002017/182016/172015/162014/152013/14
AUDIT OUTCOME Qualified auditQualified auditClean auditFinancially unqualifiedFinancially unqualified
FINANCIAL PERFORMANCE
Property rates15 07214 33912 0358 9468 458
Service charges1 1597011 4781 4271 326
Investment revenue6 2985 3874 8553 7053 173
Transfers recognised - operational179 680175 824177 254142 203156 962
Other own revenue17 89914 09013 22711 96116 503
Total Revenue (excluding capital transfers and contributions)220 108210 342208 850168 241186 422
Employee costs65 26356 40955 31150 61345 599
Remuneration of councillors17 64415 56315 43714 62213 848
Depreciation & asset impairment97 49636 13730 46030 75730 206
Finance charges427-1 0942 5451 915
Materials and bulk purchases2 210----
Transfers and grants-4 2893 9303 174-
Other expenditure250 99787 35083 830104 22275 215
Total Expenditure434 037199 748190 063205 933166 784
Surplus/(Deficit)(213 929)10 59318 787(37 692)19 638
Transfers recognised - capital97 65664 06077 58468 35960 066
Contributions recognised - capital & contributed assets-----
Surplus/(Deficit) after capital transfers & contributions(116 274)74 65396 37130 66779 704
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(116 274)74 65396 37130 66779 704
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure118 086103 90484 35484 593134 029
Transfers recognised - capital97 65667 04077 86468 11280 373
Public contributions & donations-----
Borrowing----50 000
Internally generated funds20 43136 8646 49016 4813 656
Total sources of capital funds118 086103 90484 35484 593134 029
FINANCIAL POSITION
Total current assets79 53369 18463 99844 89064 469
Total non current assets865 982562 338491 254439 169410 359
Total current liabilities25 48519 48816 62943 26734 742
Total non current liabilities4 81911 67911 02110 05239 996
Community wealth/Equity915 210600 355527 602430 739400 090
CASH FLOWS
Net cash from (used) operating120 11498 802132 03990 26473 881
Net cash from (used) investing(118 377)(99 090)(84 354)(83 617)(130 504)
Net cash from (used) financing--(26 716)(23 872)49 651
Cash/cash equivalents at the year end47 66945 93246 22025 25142 477
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure96 399----
Irregular expenditure142 50456 636--585
Fruitless & wasteful expenditure--226--
SOURCEAudited Outcome - C1 2019 Q2Audited Outcome - A1 2018Audited Outcome - A1 2018Audited Outcome - A1 2017Audited Outcome - A1 2017

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