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Chief Albert Luthuli Local Municipality (MP301)

Financial Results

All values: R'0002025/262024/252023/242022/232021/22
AUDIT OUTCOME n/aFinancially unqualifiedQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates61 849133 47668 19062 11891 810
Service charges97 87086 33082 26060 87164 333
Investment revenue11 79214 57716 2079 5464 997
Transfers recognised - operational464 835448 332422 663400 267355 561
Other own revenue106 39162 22549 46846 40657 460
Total Revenue (excluding capital transfers and contributions)742 737744 939638 788579 209574 161
Employee costs268 967261 628247 600231 551220 324
Remuneration of councillors26 11824 06723 40221 75220 319
Depreciation and amortisation145 30779 73467 40170 738(66 083)
Finance charges6 5095 2839 5478 4407 758
Inventory consumed and bulk purchases215 320184 287155 689117 513111 576
Transfers and subsidies4 3802 7283 4502 6881 884
Other expenditure306 774253 862269 176274 866305 171
Total Expenditure973 375811 588776 264727 548600 950
Surplus/(Deficit)(230 637)(66 650)(137 476)(148 339)(26 789)
Transfers and subsidies - capital (monetary allocations)365 200479 425502 333359 493442 684
Transfers and subsidies - capital (in-kind)3 4581 9167 7761 500-
Surplus/(Deficit) after capital transfers & contributions138 021414 691372 633212 654415 896
Income Tax---n/an/a
Surplus/(Deficit) after Income Tax138 021414 691372 633n/an/a
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year138 021414 691372 633212 654415 896
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure335 535441 297447 73876 243384 728
Transfers recognised - capital316 636412 091422 29749 128361 191
Borrowing-----
Internally generated funds13 80429 20623 30115 67620 936
Total sources of capital funds330 440441 297445 59864 803382 126
FINANCIAL POSITION
Total current assets118 344142 619127 443161 535229 506
Total non current assets3 259 5643 063 1422 702 6712 328 5152 363 977
Total current liabilities205 767140 765232 082267 031266 699
Total non current liabilities82 579126 459119 25918 3554 301
Community wealth/Equity3 089 5612 936 8592 478 7741 992 0101 906 588
CASH FLOWS
Net cash from (used) operating859 525936 714660 267(188 584)(113 150)
Net cash from (used) investing(374 211)(449 334)(474 364)-(79 944)
Net cash from (used) financing-----
Cash/cash equivalents at the year end512 363508 161194 211(158 433)(133 285)
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a52 511---
Irregular expendituren/a3 3278 42942 67362 839
Fruitless & wasteful expendituren/a1 1083 4271117
SOURCEAudited Outcome
A1 2027 Q1
Audited Outcome
A1 2027 Q1
Audited Outcome
A1 2027 Q1
Audited Outcome
A1 2026 Q1
Audited Outcome
A1 2024

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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