Merafong City Local Municipality (GT484)

Financial Results

All values: R'0002019/202018/192017/182016/172015/16
AUDIT OUTCOME Financially unqualifiedFinancially unqualifiedFinancially unqualifiedFinancially unqualifiedFinancially unqualified
FINANCIAL PERFORMANCE
Property rates492 794178 453(143 412)164 685151 486
Service charges658 192682 192(558 610)610 224599 702
Investment revenue7 9079 558(12 956)7 3185 602
Transfers recognised - operational214 100302 320(202 374)381 998206 290
Other own revenue171 150137 291(131 960)129 06186 633
Total Revenue (excluding capital transfers and contributions)1 544 1421 309 814(1 049 312)1 293 2861 049 713
Employee costs326 577321 472(270 968)291 183296 105
Remuneration of councillors22 85523 827(19 296)19 88419 795
Depreciation & asset impairment53 113100 591-114 464121 353
Finance charges45 94435 868(49 962)23 0779 969
Materials and bulk purchases486 709514 599(366 986)381 925394 154
Transfers and grants276301(1 090)94926 548
Other expenditure323 752534 835(247 497)538 518389 695
Total Expenditure1 259 2261 531 493(955 798)1 369 9991 257 619
Surplus/(Deficit)284 916(221 679)(93 514)(76 714)(207 906)
Transfers recognised - capital91 322128 094(41 930)1 959141 697
Contributions recognised - capital & contributed assets9985(74)--
Surplus/(Deficit) after capital transfers & contributions376 337(93 500)(135 517)(74 755)(66 209)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year376 337(93 500)(135 517)(74 755)(66 209)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expendituren/an/a(0)113 958149 202
Transfers recognised - capitaln/an/a-92 869130 181
Public contributions & donationsn/an/an/an/an/a
Borrowingn/an/a-12 8389 996
Internally generated fundsn/an/a-8 2529 025
Total sources of capital fundsn/an/a-113 958149 202
FINANCIAL POSITION
Total current assets663 560144 492(389 325)468 612333 818
Total non current assets3 301 9453 247 08215 0503 022 7153 029 977
Total current liabilities1 939 0701 735 18310 165642 263422 730
Total non current liabilities110 877118 82316 387211 223218 199
Community wealth/Equity1 531 2351 631 068(150 087)2 637 8422 722 865
CASH FLOWS
Net cash from (used) operating280 057240 172-231 193126 292
Net cash from (used) investing-(50 422)-(103 987)(142 102)
Net cash from (used) financing29415 785-(5 552)14 651
Cash/cash equivalents at the year end267 329166 761(31 201)206 44484 789
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a-35 546--
Irregular expendituren/a12 94022 45729 15813 205
Fruitless & wasteful expendituren/a29 15624 68016 3724 551
SOURCEYTD Actual - C1 2020 Q4Audited Outcome - C1 2020 Q4Audited Outcome - A1 2020Audited Outcome - A1 2020Audited Outcome - A1 2019

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