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Mogalakwena Local Municipality (LIM367)

Financial Results

All values: R'0002022/232021/222020/212019/202018/19
AUDIT OUTCOME Qualified auditQualified auditQualified auditAdverse auditAdverse audit
FINANCIAL PERFORMANCE
Property rates91 41688 00181 76579 01468 002
Service charges486 213413 271396 215398 483342 545
Investment revenue4 8853 1924 1965 82913 175
Transfers recognised - operational546 507488 302578 408452 305400 681
Other own revenue94 97896 38771 36263 40689 735
Total Revenue (excluding capital transfers and contributions)1 224 0001 089 1541 131 946999 037914 139
Employee costs332 210355 196378 688339 630302 715
Remuneration of councillors10 52415 49323 97623 64719 063
Depreciation and amortisation141 493298 245135 047142 282111 433
Finance charges2 936----
Inventory consumed and bulk purchases342 770250 521259 546248 858247 034
Transfers and subsidies5 730125110138539
Other expenditure466 362717 490878 962210 748492 354
Total Expenditure1 302 0251 637 0701 676 329965 3021 173 138
Surplus/(Deficit)(78 025)(547 916)(544 383)33 734(258 999)
Transfers and subsidies - capital (monetary allocations)270 591232 682188 670213 000369 838
Transfers and subsidies - capital (in-kind)177--94 49312 165
Surplus/(Deficit) after capital transfers & contributions192 743(315 234)(355 714)341 227123 004
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year192 743(315 234)(355 714)341 227123 004
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure254 720142 092169 910246 378361 555
Transfers recognised - capital240 208132 239169 866264 807327 627
Borrowing-----
Internally generated funds14 5129 85344(18 429)210
Total sources of capital funds254 720142 092169 910246 378327 837
FINANCIAL POSITION
Total current assets690 651610 503365 458765 158495 525
Total non current assets4 491 3554 373 2455 547 8175 238 0175 060 730
Total current liabilities582 568565 631576 748530 728424 869
Total non current liabilities124 770131 519128 248103 139114 788
Community wealth/Equity4 624 2494 303 8855 774 3915 369 5115 016 599
CASH FLOWS
Net cash from (used) operating343 515297 124416 202--
Net cash from (used) investing(262 831)(152 152)(160 860)15 89112 193
Net cash from (used) financing----666
Cash/cash equivalents at the year end148 909217 997291 25543 382174 297
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure228 1603 866 113583 82078 486231 659
Irregular expenditure544 258295 735242 399436 898551 212
Fruitless & wasteful expenditure5 16955 4773 58950 4096 861
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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