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Newcastle Local Municipality (KZN252)

Financial Results

All values: R'0002022/232021/222020/212019/202018/19
AUDIT OUTCOME n/aFinancially unqualifiedFinancially unqualifiedFinancially unqualifiedFinancially unqualified
FINANCIAL PERFORMANCE
Property rates376 265353 322342 534395 744307 914
Service charges1 150 4541 128 2291 013 748954 3081 000 691
Investment revenue5 4074 5163 0682 7634 893
Transfers recognised - operational532 062476 213575 515412 654384 991
Other own revenue30 61787 60949 49549 93569 170
Total Revenue (excluding capital transfers and contributions)2 094 8042 049 8891 984 3601 815 4051 767 658
Employee costs677 071584 647546 540559 524574 671
Remuneration of councillors26 98323 74225 61523 99221 967
Depreciation and amortisation343 913348 817351 084342 280374 133
Finance charges76 06264 35364 98029 23137 436
Inventory consumed and bulk purchases681 720655 649564 498530 466526 237
Transfers and subsidies---426855
Other expenditure943 477646 388732 467843 336672 435
Total Expenditure2 749 2252 323 5972 285 1852 329 2542 207 735
Surplus/(Deficit)(654 421)(273 708)(300 825)(513 850)(440 077)
Transfers and subsidies - capital (monetary allocations)179 476137 176103 667149 352124 158
Transfers and subsidies - capital (in-kind)---14 182758
Surplus/(Deficit) after capital transfers & contributions(474 946)(136 533)(197 157)(350 316)(315 162)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(474 946)(136 533)(197 157)(350 316)(315 162)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure390 363195 41028 078(0)540
Transfers recognised - capital341 370141 8339 87476 640-
Borrowing-----
Internally generated funds48 31632 6587 96014 477-
Total sources of capital funds389 686174 49117 83491 117-
FINANCIAL POSITION
Total current assets794 9737 113 603879 973581 877751 659
Total non current assets6 403 5346 664 1576 949 5157 200 1857 266 011
Total current liabilities1 063 3626 968 821868 192699 887773 552
Total non current liabilities549 367603 572619 396634 810613 543
Community wealth/Equity5 585 7796 205 3676 341 9006 797 6816 945 736
CASH FLOWS
Net cash from (used) operating2 626 0473 307 533(1 832 817)--
Net cash from (used) investing(149 918)(150 216)(132 332)--
Net cash from (used) financing(13 141)---4 531
Cash/cash equivalents at the year end2 492 6733 135 835(1 986 714)70614 531
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a220 192-49 72147
Irregular expendituren/a111 39631 64596 48286 887
Fruitless & wasteful expendituren/a20 7314 36116 42928 639
SOURCEAudited Outcome
C1 2024 Q1
Audited Outcome
A1 2023
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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