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Govan Mbeki Local Municipality (MP307)

Financial Results

All values: R'0002020/212019/202018/192017/182016/17
AUDIT OUTCOME Qualified auditDisclaimer of auditDisclaimer of auditDisclaimer of auditFinancially unqualified
FINANCIAL PERFORMANCE
Property rates354 093323 667288 725268 900244 215
Service charges1 257 5641 204 5561 102 3351 127 3641 022 655
Investment revenue7 6088 7085 6342 2041 539
Transfers recognised - operational384 519313 693311 796247 990222 607
Other own revenue90 79164 361118 11654 554208 984
Total Revenue (excluding capital transfers and contributions)2 094 5741 914 9861 826 6051 701 0121 700 000
Employee costs559 863506 097491 016485 248442 878
Remuneration of councillors24 87325 30323 75923 25320 574
Depreciation & asset impairment238 724197 281165 897152 954167 956
Finance charges103 387221 899167 30388 07642 636
Materials and bulk purchases1 082 4171 061 193940 976836 083817 287
Transfers and grants48 66133 67735 7404 02433 161
Other expenditure767 675614 272845 804386 197845 883
Total Expenditure2 825 6012 659 7232 670 4951 975 8342 370 375
Surplus/(Deficit)(731 027)(744 737)(843 890)(274 822)(670 375)
Transfers recognised - capital104 20691 07255 96245 39762 193
Contributions recognised - capital & contributed assets2 442-15 686--
Surplus/(Deficit) after capital transfers & contributions(624 379)(653 665)(772 242)(229 425)(608 183)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(624 379)(653 665)(772 242)(229 425)(608 183)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure162 249292 69995 20947 99061 207
Transfers recognised - capital88 866153 6124 2155 83255 859
Public contributions & donationsn/an/an/an/an/a
Borrowing-----
Internally generated funds----5 348
Total sources of capital funds88 866153 6124 2155 83261 207
FINANCIAL POSITION
Total current assets1 179 340893 330608 1151 259 626288 316
Total non current assets2 787 1532 949 8762 794 5742 885 7932 971 070
Total current liabilities3 932 8063 428 3302 382 4642 094 223983 333
Total non current liabilities246 273142 30679 653163 724159 152
Community wealth/Equity412 398926 0361 712 8142 116 8982 116 901
CASH FLOWS
Net cash from (used) operating2 146 5733 328 5443 073 084153 48985 284
Net cash from (used) investing(113 008)(36 923)(44 518)(53 023)(56 671)
Net cash from (used) financing6771 1681 14924 340(4 217)
Cash/cash equivalents at the year end2 259 6973 718 7563 429 718(679 947)39 387
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure815 585551 168897 063229 993308 742
Irregular expenditure79 610222 051333 82858 089101 029
Fruitless & wasteful expenditure85 106202 241200 30782 17332 806
SOURCEAudited Outcome
C1 2022 Q1
Audited Outcome
A1 2021
Audited Outcome
A1 2021
Audited Outcome
A1 2021
Audited Outcome
A1 2020

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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