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AbaQulusi Local Municipality (KZN263)

Financial Results

All values: R'0002024/252023/242022/232021/222020/21
AUDIT OUTCOME Financially unqualifiedFinancially unqualifiedFinancially unqualifiedFinancially unqualifiedQualified audit
FINANCIAL PERFORMANCE
Property rates138 259118 18699 002102 034100 717
Service charges386 385362 890315 533309 397285 158
Investment revenue2 7532 4841 7041 265897
Transfers recognised - operational229 989214 439215 280190 884210 960
Other own revenue115 80359 43573 07557 06171 999
Total Revenue (excluding capital transfers and contributions)873 189757 433704 594660 641669 730
Employee costs221 563202 059180 462171 594153 571
Remuneration of councillors18 60917 74417 26517 86517 515
Depreciation and amortisation112 604130 660133 437119 36383 959
Finance charges31 70120 9605 4752557 986
Inventory consumed and bulk purchases391 686323 545262 392268 105207 149
Transfers and subsidies2 811---3 950
Other expenditure305 097311 864265 987262 387202 958
Total Expenditure1 084 0711 006 832865 018839 570677 088
Surplus/(Deficit)(210 882)(249 399)(160 424)(178 929)(7 358)
Transfers and subsidies - capital (monetary allocations)55 82664 69543 99032 30835 368
Transfers and subsidies - capital (in-kind)235 045620--
Surplus/(Deficit) after capital transfers & contributions(155 033)(179 658)(115 814)(146 621)28 010
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(155 033)(179 658)(115 814)(146 621)28 010
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure59 210101 68256 25242 63026 879
Transfers recognised - capital50 79050 27931 54035 27624 206
Borrowing-----
Internally generated funds7 33131 81727 5555 97917 776
Total sources of capital funds58 12082 09759 09541 25541 982
FINANCIAL POSITION
Total current assets614 451477 980419 811300 357260 588
Total non current assets985 0791 035 2451 044 1481 182 3991 467 265
Total current liabilities746 328565 547423 923347 877251 393
Total non current liabilities204 479143 92399 32392 95288 372
Community wealth/Equity648 723803 756940 7141 057 5491 362 443
CASH FLOWS
Net cash from (used) operating(832)254 395203 924198 328557 096
Net cash from (used) investing(60 061)(66 282)(50 146)(38 871)(45 655)
Net cash from (used) financing1 0384 8652 837-335
Cash/cash equivalents at the year end(41 723)213 918185 640184 636840 186
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure172 440310 681233 924486 582129 439
Irregular expenditure265 304125 586150 43058 24480 744
Fruitless & wasteful expenditure25 0999 8602 38824 6618 061
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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