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AbaQulusi Local Municipality (KZN263)

Financial Results

All values: R'0002023/242022/232021/222020/212019/20
AUDIT OUTCOME Financially unqualifiedFinancially unqualifiedFinancially unqualifiedQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates110 43099 002102 034100 71794 550
Service charges376 192315 715309 397285 158262 692
Investment revenue2 4841 7041 2658971 867
Transfers recognised - operational214 786215 280190 884210 960179 986
Other own revenue55 47557 33357 06171 99928 429
Total Revenue (excluding capital transfers and contributions)759 366689 034660 641669 730567 524
Employee costs200 894180 462171 594153 571141 715
Remuneration of councillors17 74417 26517 86517 51515 036
Depreciation and amortisation139 357133 438119 36383 95945 771
Finance charges14 4945 4752557 9861 227
Inventory consumed and bulk purchases320 376262 392268 105207 149229 596
Transfers and subsidies---3 95012 316
Other expenditure282 306265 954262 387202 958134 470
Total Expenditure975 171864 984839 570677 088580 131
Surplus/(Deficit)(215 805)(175 950)(178 929)(7 358)(12 607)
Transfers and subsidies - capital (monetary allocations)64 69543 99032 30835 36840 399
Transfers and subsidies - capital (in-kind)5 045620--1 721
Surplus/(Deficit) after capital transfers & contributions(146 065)(131 340)(146 621)28 01029 513
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(146 065)(131 340)(146 621)28 01029 513
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure112 51967 59842 63026 87958 324
Transfers recognised - capital59 36931 54035 27624 20648 294
Borrowing-----
Internally generated funds39 73927 5555 97917 776788
Total sources of capital funds99 10859 09541 25541 98249 082
FINANCIAL POSITION
Total current assets461 762392 219300 357260 588319 180
Total non current assets960 2951 039 8801 182 3991 467 2651 358 967
Total current liabilities562 902421 876347 877251 393298 820
Total non current liabilities108 36399 32392 95288 37257 375
Community wealth/Equity850 342910 9011 057 5491 362 4431 292 440
CASH FLOWS
Net cash from (used) operating254 406203 920198 328557 0961 014 280
Net cash from (used) investing(66 282)(50 146)(38 871)(45 655)(36 472)
Net cash from (used) financing4 8652 837-335-
Cash/cash equivalents at the year end213 929185 636184 636840 1861 494 218
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure310 681233 924486 582129 43964 776
Irregular expenditure125 586150 43058 24480 74432 566
Fruitless & wasteful expenditure9 8602 38824 6618 0611 240
SOURCEAudited Outcome
C1 2025 Q1
Audited Outcome
A1 2024
Audited Outcome
A1 2024
Audited Outcome
A1 2023
Audited Outcome
A1 2022

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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