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Nkomazi Local Municipality (MP324)

Financial Results

All values: R'0002022/232021/222020/212019/202018/19
AUDIT OUTCOME n/aFinancially unqualifiedFinancially unqualifiedFinancially unqualifiedFinancially unqualified
FINANCIAL PERFORMANCE
Property rates128 094112 274111 629102 32794 405
Service charges177 184173 460154 903149 324144 568
Investment revenue23 48513 30215 24124 78227 649
Transfers recognised - operational804 575673 386753 435607 977547 259
Other own revenue28 66219 82121 03928 72147 493
Total Revenue (excluding capital transfers and contributions)1 162 000992 2431 056 247913 132861 374
Employee costs650 842626 770566 147395 812386 116
Remuneration of councillors26 79125 08124 62324 83831 947
Depreciation and amortisation93 21496 39490 78480 30771 472
Finance charges445467664895824
Inventory consumed and bulk purchases148 620144 908141 499143 229114 365
Transfers and subsidies29 19411 4446 59223 42016 689
Other expenditure357 747346 366343 062291 810276 496
Total Expenditure1 306 8531 251 4311 173 370960 312897 908
Surplus/(Deficit)(144 853)(259 189)(117 123)(47 180)(36 534)
Transfers and subsidies - capital (monetary allocations)487 155365 225257 396276 460277 405
Transfers and subsidies - capital (in-kind)-----
Surplus/(Deficit) after capital transfers & contributions342 301106 036140 273229 280240 871
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year342 301106 036140 273229 280240 871
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure462 640361 166253 734272 679251 347
Transfers recognised - capital404 757329 296228 688229 340210 510
Borrowing-----
Internally generated funds57 88331 87025 04643 33837 300
Total sources of capital funds462 640361 166253 734272 679247 810
FINANCIAL POSITION
Total current assets452 751413 508532 898489 186390 410
Total non current assets3 161 9452 764 7082 500 2682 344 8472 107 988
Total current liabilities381 147287 826292 114245 659203 329
Total non current liabilities69 71168 71526 15817 84726 223
Community wealth/Equity3 277 0992 821 6752 724 9402 479 4652 276 067
CASH FLOWS
Net cash from (used) operating3 015 0952 149 0851 127 837--
Net cash from (used) investing(462 640)(361 166)(89 236)1224
Net cash from (used) financing(4)---288
Cash/cash equivalents at the year end2 688 1412 034 5381 257 339205 834206 907
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a365 30333 9536 21424 068
Irregular expendituren/a111 78738 331112 343150 391
Fruitless & wasteful expendituren/a1 61218764231
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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