Midvaal Local Municipality (GT422)

Financial Results

All values: R'0002019/202018/192017/182016/172015/16
AUDIT OUTCOME Clean auditClean auditClean auditClean auditClean audit
FINANCIAL PERFORMANCE
Property rates242 117213 758194 658166 908146 376
Service charges666 770657 266584 086556 774480 663
Investment revenue21 72118 75114 72510 3777 611
Transfers recognised - operational130 237121 603105 17492 05684 177
Other own revenue71 00667 01154 74174 21995 731
Total Revenue (excluding capital transfers and contributions)1 131 8511 078 388953 385900 334814 559
Employee costs277 572268 435225 728209 421203 225
Remuneration of councillors12 97012 46011 72610 6289 549
Depreciation & asset impairment130 381136 385122 503116 486112 758
Finance charges18 56818 32017 08016 54118 888
Materials and bulk purchases448 115405 260360 596324 848239 020
Transfers and grants1 30159321 386477221
Other expenditure258 375276 210235 407252 984292 341
Total Expenditure1 147 2831 117 663994 426931 383876 001
Surplus/(Deficit)(15 431)(39 274)(41 041)(31 049)(61 443)
Transfers recognised - capital87 34551 67360 93954 69444 813
Contributions recognised - capital & contributed assets10 40824 71030 682--
Surplus/(Deficit) after capital transfers & contributions82 32237 11050 58023 644(16 630)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year82 32237 11050 58023 644(16 630)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure125 643133 636150 65290 94282 916
Transfers recognised - capital95 45576 38472 27749 61447 703
Public contributions & donationsn/an/an/an/an/a
Borrowing23 09930 98154 63711 73527 797
Internally generated funds7 08926 27123 73829 5927 416
Total sources of capital funds125 643133 636150 65290 94282 916
FINANCIAL POSITION
Total current assets628 015505 81694 083283 144231 848
Total non current assets2 014 6902 046 99517 7722 034 4972 060 416
Total current liabilities326 985330 30775 337133 821132 627
Total non current liabilities152 851162 4242 114189 689190 961
Community wealth/Equity2 198 6762 126 314(16 177)1 994 1301 968 676
CASH FLOWS
Net cash from (used) operating-(865 037)-113 736116 022
Net cash from (used) investing---(76 622)(80 075)
Net cash from (used) financing1 49444 785935(7 023)(11 467)
Cash/cash equivalents at the year end294 394(618 268)935130 091100 000
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a-4 429--
Irregular expendituren/a1 833259--
Fruitless & wasteful expendituren/a26---
SOURCEAudited Outcome - C1 2021 Q3Audited Outcome - C1 2020 Q4Audited Outcome - A1 2020Audited Outcome - A1 2020Audited Outcome - A1 2019

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