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Mogale City Local Municipality (GT481)

Financial Results

All values: R'0002022/232021/222020/212019/202018/19
AUDIT OUTCOME Qualified auditQualified auditFinancially unqualifiedFinancially unqualifiedFinancially unqualified
FINANCIAL PERFORMANCE
Property rates614 122548 628504 064563 272561 317
Service charges1 977 4501 925 2041 739 4851 638 6841 495 737
Investment revenue7 1772 4443 8992 5375 125
Transfers recognised - operational581 604515 775551 727443 814379 282
Other own revenue298 985234 605222 477228 411208 175
Total Revenue (excluding capital transfers and contributions)3 479 3383 226 6563 021 6522 876 7182 649 636
Employee costs927 427850 400857 225833 394779 685
Remuneration of councillors38 76033 92234 74433 58634 390
Depreciation and amortisation270 984252 723246 275248 730254 512
Finance charges22 38527 49538 46349 37849 587
Inventory consumed and bulk purchases1 392 9801 337 7221 171 3211 079 891992 873
Transfers and subsidies1 0321 8863461 7162 771
Other expenditure978 172959 650877 957834 258755 870
Total Expenditure3 631 7403 463 7983 226 3313 080 9532 869 688
Surplus/(Deficit)(152 402)(237 143)(204 679)(204 235)(220 052)
Transfers and subsidies - capital (monetary allocations)308 974295 388203 961208 978358 646
Transfers and subsidies - capital (in-kind)----15 707
Surplus/(Deficit) after capital transfers & contributions156 57258 245(718)4 743154 301
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year156 57258 245(718)4 743154 301
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure355 963330 907-225 413406 621
Transfers recognised - capital310 970295 388-204 132347 823
Borrowing-----
Internally generated funds44 99335 403-21 28158 798
Total sources of capital funds355 963330 791-225 413406 621
FINANCIAL POSITION
Total current assets(119 118)101 14927 821110 02581
Total non current assets322 476386 893180 602216 123404 335
Total current liabilities81 047238 863(12 771)179 49298 822
Total non current liabilities(34 261)(33 742)(10 914)(66 720)(28 304)
Community wealth/Equity-224 675231 315208 634179 598
CASH FLOWS
Net cash from (used) operating28 151n/a---
Net cash from (used) investing54 590(69 200)(5 311)14 987(108 049)
Net cash from (used) financing-n/a--(9 795)
Cash/cash equivalents at the year end72 551(90 451)60 52914 242(313 473)
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure-232 520--166 303
Irregular expenditure467 800181 08284 644116 432221 268
Fruitless & wasteful expenditure41 50056 71222 94114 28113 585
SOURCEAudited Outcome
C1 2024 Q1
Audited Outcome
C1 2023 Q1
Audited Outcome
A1 2023
Audited Outcome
A1 2022
Audited Outcome
A1 2021

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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