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Merafong City Local Municipality (GT484)

Financial Results

All values: R'0002023/242022/232021/222020/212019/20
AUDIT OUTCOME Qualified auditDisclaimer of auditDisclaimer of auditAdverse auditFinancially unqualified
FINANCIAL PERFORMANCE
Property rates765 344581 883567 514541 111509 752
Service charges887 311841 361812 884753 764710 888
Investment revenue19 71812 7585 0464 8488 339
Transfers recognised - operational325 561291 085256 019252 673227 033
Other own revenue364 308252 601268 339234 397194 536
Total Revenue (excluding capital transfers and contributions)2 362 2421 979 6881 909 8021 786 7931 650 549
Employee costs412 317383 746367 065349 925316 032
Remuneration of councillors26 33225 46022 28222 59022 855
Depreciation and amortisation100 081174 971220 800142 963132 291
Finance charges140 941144 85682 06750 27641 240
Inventory consumed and bulk purchases826 186573 173584 317589 689538 591
Transfers and subsidies7485223212 295301
Other expenditure452 7231 093 9351 095 8651 127 689757 624
Total Expenditure1 959 3272 396 6642 372 7182 285 4281 808 934
Surplus/(Deficit)402 916(416 975)(462 916)(498 634)(158 385)
Transfers and subsidies - capital (monetary allocations)158 943168 542122 479104 878155 920
Transfers and subsidies - capital (in-kind)(3 197)---2
Surplus/(Deficit) after capital transfers & contributions558 662(248 433)(340 437)(393 757)(2 463)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year558 662(248 433)(340 437)(393 757)(2 463)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure225 773123 11650 931354 55341 765
Transfers recognised - capital210 714133 74243 065243 253(27 375)
Borrowing-----
Internally generated funds10 41338 8517 4155 786209
Total sources of capital funds221 127172 59250 480249 040(27 166)
FINANCIAL POSITION
Total current assets2 163 120(51 406)74 073(286 114)246 030
Total non current assets3 491 79312 265(91 286)14 676(80 431)
Total current liabilities2 722 432218 790319 509119 39292 378
Total non current liabilities161 027(9 482)(14 030)2 97876 310
Community wealth/Equity2 212 792(16)17 746(52)(626)
CASH FLOWS
Net cash from (used) operating(910 574)(1 354 986)(1 029 734)(413 886)(525 095)
Net cash from (used) investing-----
Net cash from (used) financing---(1 150)(895)
Cash/cash equivalents at the year end(704 858)(901 492)(1 076 821)(415 036)(525 989)
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure1 030 055----
Irregular expenditure209 249280 37549 12733 89435 615
Fruitless & wasteful expenditure157 779138 444168 54046 11948 254
SOURCEAudited Outcome
C1 2025 Q1
Audited Outcome
A1 2024
Audited Outcome
A1 2024
Audited Outcome
A1 2023
Audited Outcome
A1 2022

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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