Greater Tzaneen Local Municipality (LIM333)

Financial Results

All values: R'0002017/182016/172015/162014/152013/14
AUDIT OUTCOME Qualified auditFinancially unqualifiedFinancially unqualifiedQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates107 49388 94679 33379 46671 116
Service charges485 060447 721450 104406 981362 004
Investment revenue4 4278 2536 8502 3812 181
Transfers recognised - operational406 718429 717394 811255 848246 590
Other own revenue111 755112 90091 75659 20064 725
Total Revenue (excluding capital transfers and contributions)1 115 4531 087 5371 022 855803 877746 616
Employee costs285 057270 104261 188248 180250 365
Remuneration of councillors25 38823 26521 31120 07819 031
Depreciation & asset impairment129 496126 994156 677117 955108 129
Finance charges11 01412 80211 03510 48611 787
Materials and bulk purchases370 555321 520301 975267 856239 064
Transfers and grants113 264123 609130 74619 71232 291
Other expenditure287 881236 513206 918180 062154 961
Total Expenditure1 222 6551 114 8071 089 850864 330815 629
Surplus/(Deficit)(107 202)(27 270)(66 994)(60 454)(69 013)
Transfers recognised - capital22 02435 06960 86185 946220 772
Contributions recognised - capital & contributed assets-----
Surplus/(Deficit) after capital transfers & contributions(85 178)7 799(6 133)25 492151 759
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(85 178)7 799(6 133)25 492151 759
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure48 90176 41889 143138 661360 757
Transfers recognised - capital29 97835 06960 86181 04665 472
Public contributions & donations49---155 300
Borrowing5 01612 192---
Internally generated funds13 85729 15728 28157 615139 985
Total sources of capital funds48 90176 41889 143138 661360 757
FINANCIAL POSITION
Total current assets462 042454 362419 399350 990335 096
Total non current assets1 713 6211 735 9271 801 4671 868 4921 880 771
Total current liabilities286 470274 896255 630271 898253 629
Total non current liabilities181 366194 405217 214174 564174 991
Community wealth/Equity1 707 8271 720 9881 748 0211 773 0201 787 247
CASH FLOWS
Net cash from (used) operating122 039143 79281 037157 907135 842
Net cash from (used) investing(124 011)(135 341)(103 031)(139 783)(108 879)
Net cash from (used) financing(22 523)(31 378)49 067(13 969)(14 394)
Cash/cash equivalents at the year end8 05632 55155 47727 97824 378
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure111 90932 400115 00525 38727 651
Irregular expenditure12 25326 02546 16562 44533 329
Fruitless & wasteful expenditure6 1976 0601 1051 3202 109
SOURCEAudited Outcome - C1 2019 Q2Audited Outcome - A1 2018Audited Outcome - A1 2018Audited Outcome - A1 2017Audited Outcome - A1 2017

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