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Nkomazi Local Municipality (MP324)

Financial Results

All values: R'0002024/252023/242022/232021/222020/21
AUDIT OUTCOME Financially unqualifiedFinancially unqualifiedFinancially unqualifiedFinancially unqualifiedFinancially unqualified
FINANCIAL PERFORMANCE
Property rates125 304119 462128 094112 274111 629
Service charges235 739220 279177 184173 460154 903
Investment revenue7 29615 42623 48513 30215 241
Transfers recognised - operational874 178866 986804 575673 386753 435
Other own revenue57 20736 05928 66219 82121 039
Total Revenue (excluding capital transfers and contributions)1 299 7251 258 2121 162 000992 2431 056 247
Employee costs734 006722 519651 135626 770566 147
Remuneration of councillors29 44031 11926 79125 08124 623
Depreciation and amortisation110 396102 49193 21496 39490 784
Finance charges17 2362 848457467664
Inventory consumed and bulk purchases211 737186 555148 620144 912141 499
Transfers and subsidies16 91834 43429 19411 4446 592
Other expenditure413 891679 786362 015346 369343 062
Total Expenditure1 533 6251 759 7521 311 4261 251 4371 173 370
Surplus/(Deficit)(233 900)(501 540)(149 426)(259 194)(117 123)
Transfers and subsidies - capital (monetary allocations)308 734346 866487 155365 225257 396
Transfers and subsidies - capital (in-kind)-----
Surplus/(Deficit) after capital transfers & contributions74 834(154 674)337 729106 030140 273
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year74 834(154 674)337 729106 030140 273
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure299 288383 953462 640361 166253 734
Transfers recognised - capital270 422308 834404 757329 296228 688
Borrowing-----
Internally generated funds28 86675 11957 88331 87025 046
Total sources of capital funds299 288383 953462 640361 166253 734
FINANCIAL POSITION
Total current assets190 622165 578424 893413 508532 898
Total non current assets3 662 4003 471 9733 189 7102 764 7082 500 268
Total current liabilities698 829558 187386 601287 832292 114
Total non current liabilities78 87778 88369 57068 71526 158
Community wealth/Equity2 775 3382 929 3253 276 2652 821 6752 724 940
CASH FLOWS
Net cash from (used) operating1 763 6842 149 7613 015 0962 143 7701 127 837
Net cash from (used) investing(298 033)(383 953)(462 640)(361 166)(89 236)
Net cash from (used) financing(426)3 633---
Cash/cash equivalents at the year end1 327 0661 886 4512 688 1462 029 2231 257 339
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure236 520472 688162 066365 30333 953
Irregular expenditure24 02354 89587 335111 78738 331
Fruitless & wasteful expenditure20 8213 1313131 61218
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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