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Richmond Local Municipality (KZN227)

Financial Results

All values: R'0002024/252023/242022/232021/222020/21
AUDIT OUTCOME Clean auditClean auditFinancially unqualifiedFinancially unqualifiedFinancially unqualified
FINANCIAL PERFORMANCE
Property rates29 40028 87127 11519 28518 494
Service charges9871 023966923777
Investment revenue2 8732 9392 7791 2631 114
Transfers recognised - operational106 71599 86898 78585 16197 079
Other own revenue10 87215 36011 1088 8394 647
Total Revenue (excluding capital transfers and contributions)150 847148 061140 752115 471122 111
Employee costs78 70769 24764 23860 31554 672
Remuneration of councillors6 5226 5496 0515 9775 773
Depreciation and amortisation17 62018 03614 95520 46922 847
Finance charges752851360296197
Inventory consumed and bulk purchases3 6784 6947 4374 9724 520
Transfers and subsidies-523556590563
Other expenditure59 04070 11161 96349 04538 426
Total Expenditure166 320170 010155 561141 664126 999
Surplus/(Deficit)(15 473)(21 950)(14 808)(26 193)(4 887)
Transfers and subsidies - capital (monetary allocations)23 05622 21320 13426 81027 257
Transfers and subsidies - capital (in-kind)-----
Surplus/(Deficit) after capital transfers & contributions7 5832645 32661622 369
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year7 5832645 32661622 369
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure24 62021 93753 25235 46682 325
Transfers recognised - capital20 05618 44648 70133 65819 452
Borrowing-----
Internally generated funds2882 0923 8081 31218 035
Total sources of capital funds20 34420 53752 50934 97037 487
FINANCIAL POSITION
Total current assets32 25125 44431 17040 61343 658
Total non current assets377 667370 952367 942359 148358 552
Total current liabilities23 25621 58726 23028 87333 570
Total non current liabilities20 48116 21014 77018 10516 480
Community wealth/Equity339 631358 599358 115352 280349 927
CASH FLOWS
Net cash from (used) operating246 490236 085248 029269 111178 307
Net cash from (used) investing(21 425)(23 167)(28 249)(27 006)(39 616)
Net cash from (used) financing(280)----
Cash/cash equivalents at the year end236 655231 660246 683263 147192 695
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure---17 6386 731
Irregular expenditure---1 28422 584
Fruitless & wasteful expenditure-498619465
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.
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