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Inkosi uMtubatuba Local Municipality (KZN275)

Financial Results

All values: R'0002022/232021/222020/212019/202018/19
AUDIT OUTCOME n/aQualified auditQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates50 77155 34859 59636 34434 070
Service charges3 7345 4017 2699 3074 545
Investment revenue1 3461 1591 7191 2551 065
Transfers recognised - operational231 036201 633232 707173 838158 863
Other own revenue16 86924 34718 47913 22816 018
Total Revenue (excluding capital transfers and contributions)303 757287 888319 769233 972214 562
Employee costs125 598106 66589 07686 50179 283
Remuneration of councillors17 39316 01315 92516 27514 436
Depreciation & asset impairment36 23832 85929 07833 23634 119
Finance charges3 6461 6557432 2413 203
Materials and bulk purchases11 41133 1069 8042 7058 792
Transfers and grants211537689--
Other expenditure161 999153 318161 183126 514113 387
Total Expenditure356 496344 152306 497267 473253 219
Surplus/(Deficit)(52 739)(56 265)13 272(33 501)(38 658)
Transfers recognised - capital47 33451 11333 85033 50431 166
Contributions recognised - capital & contributed assets-----
Surplus/(Deficit) after capital transfers & contributions(5 405)(5 152)47 1223(7 492)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(5 405)(5 152)47 1223(7 492)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure815 980763 274706 929692 015629 416
Transfers recognised - capital519 181493 450385 336379 101377 184
Public contributions & donationsn/an/an/an/an/a
Borrowing-----
Internally generated funds296 799269 824186 051208 316189 023
Total sources of capital funds815 980763 274571 388587 417566 208
FINANCIAL POSITION
Total current assets43 31370 01177 08760 941108 723
Total non current assets495 556477 999450 700481 740450 717
Total current liabilities147 676119 31093 782101 909133 260
Total non current liabilities---882-
Community wealth/Equity396 599433 852386 882439 887433 671
CASH FLOWS
Net cash from (used) operating11 75715 01216 40722 8089 244
Net cash from (used) investing-----
Net cash from (used) financing----(10)
Cash/cash equivalents at the year end7 78515 01116 40622 8079 358
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a46 05834 40352 60331 994
Irregular expendituren/a23 894179 490255 56115 548
Fruitless & wasteful expendituren/a5 3152 9691 425715
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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