Nkonkobe Local Municipality (EC127)

Nkonkobe Local Municipality was disestablished and merged with Nxuba Local Municipality to establish Raymond Mhlaba Local Municipality on 3 August 2016. All information displayed here is historical information relating to the municipality before being disestablished.

Financial Results

All values: R'0002015/162014/152013/142012/132011/12
AUDIT OUTCOME Qualified auditQualified auditQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates72 89557 39935 30019 39319 070
Service charges74 97940 83837 66638 55324 525
Investment revenue991633590900871
Transfers recognised - operational137 794140 09199 91790 22179 903
Other own revenue20 19611 96511 0546 7845 816
Total Revenue (excluding capital transfers and contributions)306 854250 926184 527155 851130 185
Employee costs94 00286 73181 41366 45749 893
Remuneration of councillors13 97213 06712 29811 38011 022
Depreciation & asset impairment-34 57728 30924 21322 938
Finance charges-6 2511 515286154
Materials and bulk purchases28 22333 05127 00834 99827 834
Transfers and grants6 2329 59310 5139 30010 750
Other expenditure40 22261 98482 52841 60544 495
Total Expenditure182 651245 253243 584188 239167 086
Surplus/(Deficit)124 2035 673(59 058)(32 388)(36 901)
Transfers recognised - capital32 7495 10533 67526 31526 315
Contributions recognised - capital & contributed assets-----
Surplus/(Deficit) after capital transfers & contributions156 95210 778(25 382)(6 073)(10 586)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year156 95210 778(25 382)(6 073)(10 586)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure56 34838 38736 98820 60632 027
Transfers recognised - capital41 44721 15120 82117 35629 576
Public contributions & donations-----
Borrowing-----
Internally generated funds14 90017 23516 1673 2502 452
Total sources of capital funds56 34838 38736 98820 60632 027
FINANCIAL POSITION
Total current assets-88 87064 96236 89212 006
Total non current assets-307 675312 657293 833301 922
Total current liabilities-97 35787 64240 67514 070
Total non current liabilities-43 32844 89519 58633 260
Community wealth/Equity-255 861245 082270 465266 599
CASH FLOWS
Net cash from (used) operating86 45626 40948 97334 074(2 405)
Net cash from (used) investing(49 159)(30 357)(44 922)(32 717)(8 181)
Net cash from (used) financing-4 535(1 903)69-
Cash/cash equivalents at the year end40 5093 8523 2641 116(10 586)
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure47 89035 91838 459-19 035
Irregular expenditure15 46914 1183 20213 0524 696
Fruitless & wasteful expenditure1 1941 1071 4682 221181
SOURCEYTD Actual - C1 2016 Q4Audited Outcome - A1 2016Audited Outcome - A1 2016Audited Outcome - A1 2016S71 Audited

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