Chief Albert Luthuli Local Municipality (MP301)

Financial Results

All values: R'0002019/202018/192017/182016/172015/16
AUDIT OUTCOME Financially unqualifiedFinancially unqualifiedFinancially unqualifiedFinancially unqualifiedQualified audit
FINANCIAL PERFORMANCE
Property rates75 180102 112(14 764)80 13554 578
Service charges58 56951 9159 009-35 144
Investment revenue5 7603 47721 9712 245
Transfers recognised - operational317 640283 334-354 765220 067
Other own revenue66 91262 3744 10295 68875 315
Total Revenue (excluding capital transfers and contributions)524 061503 212(1 651)532 558387 349
Employee costs182 697172 88815 804140 016136 065
Remuneration of councillors19 94518 5051 44715 34515 029
Depreciation & asset impairment45 67763 997-46 73940 980
Finance charges1 93110 870825 580280
Materials and bulk purchases99 36198 7301 33993 52978 384
Transfers and grants3 1154 507---
Other expenditure310 985215 44011 913154 281134 325
Total Expenditure663 711584 93630 584455 490405 063
Surplus/(Deficit)(139 650)(81 724)(32 235)77 069(17 714)
Transfers recognised - capital203 072128 289--130 652
Contributions recognised - capital & contributed assets1 659130 408---
Surplus/(Deficit) after capital transfers & contributions65 081176 972(32 235)77 069112 938
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year65 081176 972(32 235)77 069112 938
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure295 442190 3708 898119 020114 048
Transfers recognised - capital292 108174 1528 227119 020114 048
Public contributions & donationsn/an/an/an/an/a
Borrowing-----
Internally generated funds575413671--
Total sources of capital funds292 683174 5658 898119 020114 048
FINANCIAL POSITION
Total current assets39 42072 680(5 127)206 383137 781
Total non current assets145 229157 5021 8131 115 7141 063 004
Total current liabilities99 60946 27328 921249 519218 238
Total non current liabilities(3 966)6 937-46 11540 735
Community wealth/Equity23 926--1 026 463941 813
CASH FLOWS
Net cash from (used) operating(5 306)(396 423)-121 933119 621
Net cash from (used) investing(174 634)-7 084(120 368)(120 905)
Net cash from (used) financing29--(2 250)
Cash/cash equivalents at the year end(179 938)(396 839)7 0841 963398
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a25 43021257 47824 775
Irregular expendituren/a39 43140 63083 52172 046
Fruitless & wasteful expendituren/a1 3823 8493 9886 358
SOURCEAudited Outcome - C1 2021 Q3Audited Outcome - C1 2020 Q4Audited Outcome - A1 2020Audited Outcome - A1 2020Audited Outcome - A1 2019

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