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Msunduzi Local Municipality (KZN225)

Financial Results

All values: R'0002022/232021/222020/212019/202018/19
AUDIT OUTCOME Qualified auditQualified auditFinancially unqualifiedQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates1 211 3491 261 5381 204 6761 177 108947 729
Service charges3 619 8713 619 8713 188 2953 104 6212 944 697
Investment revenue10 44510 4457 90812 88119 592
Transfers recognised - operational681 678676 172756 194637 128614 699
Other own revenue342 250251 144351 055498 323512 384
Total Revenue (excluding capital transfers and contributions)5 865 5935 819 1715 508 1285 430 0615 039 101
Employee costs1 468 9611 483 0371 427 1141 242 9601 127 423
Remuneration of councillors49 52949 52951 64143 75944 131
Depreciation and amortisation372 611365 699380 262423 967460 109
Finance charges33 59626 91642 53750 46454 810
Inventory consumed and bulk purchases3 034 5153 034 5152 712 3222 548 2882 188 109
Transfers and subsidies32 41332 41316 87025 30726 091
Other expenditure1 968 3311 938 1641 769 5841 339 271432 717
Total Expenditure6 959 9566 930 2736 400 3305 674 0164 333 390
Surplus/(Deficit)(1 094 363)(1 111 102)(892 202)(243 954)705 711
Transfers and subsidies - capital (monetary allocations)368 725374 230498 603369 302362 364
Transfers and subsidies - capital (in-kind)60-2 10462 24636 250
Surplus/(Deficit) after capital transfers & contributions(725 579)(736 872)(391 495)187 5941 104 325
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(725 579)(736 872)(391 495)187 5941 104 325
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure12 609 8404 676 6068 138 2365 759 4076 315 854
Transfers recognised - capital-2 832 1783 094 5902 950 3132 145 634
Borrowing-----
Internally generated funds-115 942877 142--
Total sources of capital funds-2 948 1203 971 7322 950 3132 145 634
FINANCIAL POSITION
Total current assets2 686 0452 542 3683 064 6113 356 1222 659 815
Total non current assets8 208 6428 208 6428 053 1417 671 7637 882 104
Total current liabilities2 664 4402 520 7632 607 0412 318 2821 830 944
Total non current liabilities775 015775 015814 494816 498991 034
Community wealth/Equity8 180 8107 455 2328 087 7127 701 9906 615 616
CASH FLOWS
Net cash from (used) operating-(89 014)492 870625 589153 315
Net cash from (used) investing--229416(14 681)
Net cash from (used) financing-(135 478)--107 338
Cash/cash equivalents at the year end56 302167 340493 125626 030245 998
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure-1 666 547920 572564 658170 002
Irregular expenditure59 889180 14150 09652 362214 663
Fruitless & wasteful expenditure153 18217 7199 2195 3814 501
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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