uMshwathi Local Municipality (KZN221)

Financial Results

All values: R'0002018/192017/182016/172015/162014/15
AUDIT OUTCOME Qualified auditFinancially unqualifiedFinancially unqualifiedFinancially unqualifiedFinancially unqualified
FINANCIAL PERFORMANCE
Property rates45 50536 00929 62127 27128 141
Service charges2 4022 1511 9131 7861 833
Investment revenue2 3901 5111 1241 6441 021
Transfers recognised - operational97 97295 27487 51189 54673 922
Other own revenue13 94913 49610 19713 23815 984
Total Revenue (excluding capital transfers and contributions)162 219148 443130 367133 485120 900
Employee costs67 84864 22958 46654 14546 151
Remuneration of councillors9 9569 4368 6027 9707 651
Depreciation & asset impairment13 72212 60410 8559 2388 324
Finance charges167--1 2171 570
Materials and bulk purchases1 301----
Transfers and grants-----
Other expenditure61 04856 46151 52952 59740 423
Total Expenditure154 043142 730129 453125 168104 119
Surplus/(Deficit)8 1775 7129148 31716 781
Transfers recognised - capital37 09839 01628 82926 76434 129
Contributions recognised - capital & contributed assets-----
Surplus/(Deficit) after capital transfers & contributions45 27544 72829 74335 08150 910
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year45 27544 72829 74335 08150 910
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure345 49137 17631 08543 85537 039
Transfers recognised - capital341 83235 57528 62926 76434 129
Public contributions & donationsn/a----
Borrowing-----
Internally generated funds3 6581 6012 45617 0912 910
Total sources of capital funds345 49137 17631 08543 85537 039
FINANCIAL POSITION
Total current assets144 26095 97187 12081 72166 715
Total non current assets243 258227 228202 656198 428163 877
Total current liabilities29 9116 39116 94211 27311 742
Total non current liabilities8923 3724 1626 86210 939
Community wealth/Equity311 440313 437268 672262 014207 911
CASH FLOWS
Net cash from (used) operating(140 301)41 71932 17531 72939 960
Net cash from (used) investing-(37 176)(27 816)(27 778)(36 635)
Net cash from (used) financing(2)(4 268)(4 068)(3 843)(3 520)
Cash/cash equivalents at the year end(140 302)1 203928637528
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure1 785293---
Irregular expenditure13 95223 416-1 0522 939
Fruitless & wasteful expenditure24----
SOURCEAudited Outcome - C1 2020 Q3Audited Outcome - C1 2019 Q2Audited Outcome - A1 2018Audited Outcome - A1 2018Audited Outcome - A1 2017

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