ADVERTISEMENT

Mkhondo Local Municipality (MP303)

Financial Results

All values: R'0002023/242022/232021/222020/212019/20
AUDIT OUTCOME Financially unqualifiedFinancially unqualifiedFinancially unqualifiedFinancially unqualifiedQualified audit
FINANCIAL PERFORMANCE
Property rates82 80480 03174 50471 23772 213
Service charges220 991202 911214 039195 692201 546
Investment revenue2 7581 26225619528 405
Transfers recognised - operational386 529321 215279 332305 269241 222
Other own revenue81 39371 02946 61646 32917 099
Total Revenue (excluding capital transfers and contributions)774 475676 447614 747618 721560 486
Employee costs248 361234 561232 409215 417190 791
Remuneration of councillors18 67615 83215 45316 15415 798
Depreciation and amortisation76 63692 98291 81172 120107 036
Finance charges42 94354 64433 77519 75713 955
Inventory consumed and bulk purchases237 774181 381225 288235 826177 304
Transfers and subsidies5 3629 6127 2176 2126 260
Other expenditure347 645305 060231 763298 077238 805
Total Expenditure977 397894 072837 716863 562749 949
Surplus/(Deficit)(202 922)(217 625)(222 969)(244 841)(189 463)
Transfers and subsidies - capital (monetary allocations)96 204106 408185 121145 590122 336
Transfers and subsidies - capital (in-kind)1 6121 5005 9648 4691 422
Surplus/(Deficit) after capital transfers & contributions(105 107)(109 718)(31 885)(90 782)(65 705)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(105 107)(109 718)(31 885)(90 782)(65 705)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure92 14199 569182 360133 397129 753
Transfers recognised - capital79 90294 753181 26078 93392 521
Borrowing-----
Internally generated funds9 8552 37193342 63641 401
Total sources of capital funds89 75797 124182 193121 569133 922
FINANCIAL POSITION
Total current assets588 065510 240434 069329 036269 991
Total non current assets2 008 4641 882 6971 942 0391 786 8721 676 243
Total current liabilities1 401 8041 213 2371 031 949821 717614 057
Total non current liabilities49 45850 68951 63053 81349 762
Community wealth/Equity1 189 2811 130 8631 292 5291 240 3781 348 119
CASH FLOWS
Net cash from (used) operating(106 703)(182 303)127 834456 038778 198
Net cash from (used) investing(105 247)(112 272)(177 963)(176 054)(133 559)
Net cash from (used) financing5-(2 306)44-
Cash/cash equivalents at the year end(200 902)(290 342)(44 652)228 294586 394
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure99 130161 115970 950158 365230 934
Irregular expenditure12 20619 78313 39112 88743 045
Fruitless & wasteful expenditure86 1865 17776 8718 4556 838
SOURCEAudited Outcome
C1 2025 Q1
Audited Outcome
A1 2024
Audited Outcome
A1 2024
Audited Outcome
A1 2023
Audited Outcome
A1 2022

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.
ADVERTISEMENT
ADVERTISEMENT