ADVERTISEMENT

Newcastle Local Municipality (KZN252)

Financial Results

All values: R'0002024/252023/242022/232021/222020/21
AUDIT OUTCOME Financially unqualifiedFinancially unqualifiedFinancially unqualifiedFinancially unqualifiedFinancially unqualified
FINANCIAL PERFORMANCE
Property rates436 896400 069376 279353 327342 534
Service charges1 422 0601 284 3361 150 4801 128 2331 013 748
Investment revenue7 1553 2125 4074 5163 068
Transfers recognised - operational690 240580 675539 962476 213575 515
Other own revenue113 020137 65931 71387 60949 495
Total Revenue (excluding capital transfers and contributions)2 669 3732 405 9522 103 8402 049 8971 984 360
Employee costs746 209680 846677 071664 912546 540
Remuneration of councillors30 49231 78826 98323 74225 615
Depreciation and amortisation392 870365 910347 534348 818351 084
Finance charges133 91985 92676 05764 41264 980
Inventory consumed and bulk purchases847 071738 388694 073655 649564 498
Transfers and subsidies-----
Other expenditure985 9981 039 914819 592671 943732 467
Total Expenditure3 136 5592 942 7722 641 3102 429 4762 285 185
Surplus/(Deficit)(467 186)(536 820)(537 470)(379 579)(300 825)
Transfers and subsidies - capital (monetary allocations)123 345216 133179 476135 585103 667
Transfers and subsidies - capital (in-kind)-----
Surplus/(Deficit) after capital transfers & contributions(343 841)(320 687)(357 994)(243 994)(197 157)
Share of surplus/(deficit) of associate17 671----
Surplus/(Deficit) for the year(326 170)(320 687)(357 994)(243 994)(197 157)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure492 390273 91041 788141 40828 078
Transfers recognised - capital201 340256 200104 525129 7529 874
Borrowing-----
Internally generated funds291 04917 731(62 795)11 6567 960
Total sources of capital funds492 390273 93141 729141 40817 834
FINANCIAL POSITION
Total current assets1 289 969943 439937 618981 311879 973
Total non current assets7 652 7957 862 3067 479 0206 633 1506 949 515
Total current liabilities1 731 6681 194 7901 080 562952 609868 192
Total non current liabilities537 132541 893549 367603 332619 396
Community wealth/Equity6 673 9647 069 0626 786 7106 058 5196 341 900
CASH FLOWS
Net cash from (used) operating1 946 969(185 648)1 166 6381 248 246(1 832 817)
Net cash from (used) investing(135 507)(204 422)(149 918)(150 216)(132 332)
Net cash from (used) financing(38 459)----
Cash/cash equivalents at the year end1 799 042(363 685)1 029 0941 143 077(1 986 714)
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure467 794173 940202 379220 192-
Irregular expenditure81 58080 25270 567111 39631 645
Fruitless & wasteful expenditure71 57724 04113 03520 7314 361
SOURCEAudited Outcome
A1 2026 Q1
Audited Outcome
A1 2026 Q1
Audited Outcome
A1 2026 Q1
Audited Outcome
A1 2024
Audited Outcome
A1 2023

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.
ADVERTISEMENT
ADVERTISEMENT