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City of uMhlathuze Local Municipality (KZN282)

Financial Results

All values: R'0002020/212019/202018/192017/182016/17
AUDIT OUTCOME Clean auditClean auditFinancially unqualifiedFinancially unqualifiedClean audit
FINANCIAL PERFORMANCE
Property rates551 173508 159477 138442 665400 906
Service charges2 283 7202 094 6531 965 8481 911 2782 003 818
Investment revenue39 96546 35827 99976 05660 875
Transfers recognised - operational491 484391 456360 178328 338279 992
Other own revenue222 100153 597147 322222 537154 422
Total Revenue (excluding capital transfers and contributions)3 588 4423 194 2232 978 4852 980 8732 900 012
Employee costs956 520849 300782 430745 356644 025
Remuneration of councillors31 20431 47830 39529 34225 542
Depreciation & asset impairment347 017356 365464 234355 602352 389
Finance charges59 02166 79051 28667 69168 940
Materials and bulk purchases1 320 1921 148 0191 123 8441 033 4231 372 629
Transfers and grants9 78713 38215 78711 5239 319
Other expenditure907 800851 671732 131602 991361 342
Total Expenditure3 631 5413 317 0053 200 1072 845 9272 834 188
Surplus/(Deficit)(43 100)(122 782)(221 623)134 94665 824
Transfers recognised - capital188 217153 38698 098135 317147 411
Contributions recognised - capital & contributed assets1 83910 33119 52815 548-
Surplus/(Deficit) after capital transfers & contributions146 95640 935(103 997)285 811213 235
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year146 95640 935(103 997)285 811213 235
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure446 250410 071596 02813 097 535507 910
Transfers recognised - capital181 201132 668117 185137 316143 210
Public contributions & donationsn/an/an/an/an/a
Borrowing110 54416 979249 32110 010204 962
Internally generated funds156 104190 895--159 738
Total sources of capital funds447 849340 542366 506147 326507 910
FINANCIAL POSITION
Total current assets1 452 4491 160 4301 009 2681 111 3531 297 323
Total non current assets6 219 2976 395 1046 416 6345 592 6825 389 214
Total current liabilities654 984730 608524 388628 279852 781
Total non current liabilities952 504860 782927 520763 809872 144
Community wealth/Equity5 917 3025 923 2096 077 9905 026 1184 961 612
CASH FLOWS
Net cash from (used) operating511 391(4 080 018)31 014-470 138
Net cash from (used) investing90 000(16 096)--(504 538)
Net cash from (used) financing82 477(14 201)12 18463 845287 110
Cash/cash equivalents at the year end1 283 786(3 649 160)178 06563 845715 116
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure-----
Irregular expenditure12 48152 657125 1613 038-
Fruitless & wasteful expenditure-----
SOURCEAudited Outcome
C1 2022 Q1
Audited Outcome
A1 2021
Audited Outcome
A1 2021
Audited Outcome
A1 2021
Audited Outcome
A1 2020

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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