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Govan Mbeki Local Municipality (MP307)

Financial Results

All values: R'0002024/252023/242022/232021/222020/21
AUDIT OUTCOME Financially unqualifiedQualified auditQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates376 757399 974380 366372 877351 686
Service charges1 720 1741 403 2731 405 7351 313 5171 259 966
Investment revenue3 79314 89917 9379 0527 608
Transfers recognised - operational491 443458 328412 330369 056421 019
Other own revenue858 9991 279 821300 273181 838176 394
Total Revenue (excluding capital transfers and contributions)3 451 1663 556 2962 516 6412 246 3392 216 673
Employee costs752 563637 392611 264568 554563 548
Remuneration of councillors33 38635 84625 69124 39824 873
Depreciation and amortisation129 064135 603133 317168 353237 666
Finance charges298 802635 654365 485187 290103 385
Inventory consumed and bulk purchases1 668 9481 533 9621 297 3041 227 0101 078 162
Transfers and subsidies39 53135 25321 49930 81044 000
Other expenditure1 388 9561 188 3501 092 308841 454748 853
Total Expenditure4 311 2504 202 0613 546 8683 047 8692 800 489
Surplus/(Deficit)(860 084)(645 765)(1 030 227)(801 529)(583 816)
Transfers and subsidies - capital (monetary allocations)122 958136 489137 05588 096104 206
Transfers and subsidies - capital (in-kind)3 9171785 9874 6702 442
Surplus/(Deficit) after capital transfers & contributions(733 209)(509 099)(887 185)(708 764)(477 167)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(733 209)(509 099)(887 185)(708 764)(477 167)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure296 011318 401209 693233 310256 428
Transfers recognised - capital167 835105 17299 041108 90987 769
Borrowing-----
Internally generated funds112 74425 77543 8928 049-
Total sources of capital funds280 579130 947142 933116 95887 769
FINANCIAL POSITION
Total current assets2 857 9722 111 8111 770 3881 577 7081 214 666
Total non current assets3 223 3463 043 0352 921 3912 801 6112 898 877
Total current liabilities7 553 0794 699 4326 015 8174 821 8663 929 459
Total non current liabilities1 358 6432 565 336377 355369 440246 273
Community wealth/Equity(3 361 858)(2 109 924)(1 701 392)(811 987)(196 939)
CASH FLOWS
Net cash from (used) operating1 037 245781 590862 475866 7252 150 589
Net cash from (used) investing(164 771)(188 812)(155 174)(105 411)(89 324)
Net cash from (used) financing-----
Cash/cash equivalents at the year end898 225782 218977 435964 5112 286 721
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure888 880911 136458 6571 601 863815 585
Irregular expenditure134 703157 993141 293101 11779 610
Fruitless & wasteful expenditure250 200295 680327 828242 11285 106
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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