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Ikwezi Local Municipality (EC103)

Ikwezi Local Municipality was disestablished and merged into Dr Beyers Naudé 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 Disclaimer of auditDisclaimer of auditDisclaimer of auditDisclaimer of auditDisclaimer of audit
FINANCIAL PERFORMANCE
Property rates2 0692 0501 8251 5822 033
Service charges9 04210 15510 62910 0741 660
Investment revenue934461117-
Transfers recognised - operational36 42023 96123 87818 0947 175
Other own revenue3 1253 6811 9141 343600
Total Revenue (excluding capital transfers and contributions)50 74939 89238 30731 20911 467
Employee costs19 18121 47717 84317 7376 461
Remuneration of councillors1 8781 7261 5931 479603
Depreciation and amortisation12 2974 2603 8682 711-
Finance charges2 8752861614130
Inventory consumed and bulk purchases7 7595 9335 8805 613-
Transfers and subsidies----549
Other expenditure18 28925 13324 33417 8004 473
Total Expenditure62 27758 55854 13545 48112 116
Surplus/(Deficit)(11 529)(18 666)(15 827)(14 273)(649)
Transfers and subsidies - capital (monetary allocations)8 91810 06113 16712 391-
Transfers and subsidies - capital (in-kind)-----
Surplus/(Deficit) after capital transfers & contributions(2 610)(8 605)(2 660)(1 882)(649)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(2 610)(8 605)(2 660)(1 882)(649)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure7 44311 1066 6539 9257 142
Transfers recognised - capital7 44311 1066 6539 6337 142
Borrowing-----
Internally generated funds---292-
Total sources of capital funds7 44311 1066 6539 9257 142
FINANCIAL POSITION
Total current assets4 6033 2574 3495 4773 448
Total non current assets278 880145 778138 932138 07077 774
Total current liabilities46 54644 03926 62225 87225 488
Total non current liabilities3 5218 71311 7738 2069 297
Community wealth/Equity233 41696 282104 887109 47046 437
CASH FLOWS
Net cash from (used) operating8 54012 7102 11610 83617 781
Net cash from (used) investing(7 092)(11 106)(6 653)(10 563)4 809
Net cash from (used) financing(119)(1 273)5 083(201)-
Cash/cash equivalents at the year end1 35022(309)(856)22 649
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure13 400n/a74 00012 900-
Irregular expenditure1 924n/a10 1843 16611 289
Fruitless & wasteful expenditure3 286n/a9001 380-
SOURCEAudited - C1 2017Audited Outcome - A1 2016Audited Outcome - A1 2016Audited Outcome - A1 2016S71 Audited

The information in this directory is compiled from various sources and is subject to continual change. If you notice any errors or omissions, contact us so that we may correct them.
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