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Victor Khanye Local Municipality (MP311)

Financial Results

All values: R'0002024/252023/242022/232021/222020/21
AUDIT OUTCOME Qualified auditQualified auditQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates108 696109 83492 66285 93678 438
Service charges315 713281 709226 421230 903250 404
Investment revenue1 2651 637763402429
Transfers recognised - operational153 285143 890131 228116 808128 315
Other own revenue171 201154 409107 999114 483129 506
Total Revenue (excluding capital transfers and contributions)750 159691 478559 072548 532587 092
Employee costs207 328192 679176 955169 348151 490
Remuneration of councillors9 7909 3648 5228 0838 358
Depreciation and amortisation59 40560 46864 61545 55655 568
Finance charges97 55592 95194 76648 40031 235
Inventory consumed and bulk purchases297 491253 938207 409209 938188 891
Transfers and subsidies-----
Other expenditure413 472414 546236 765319 229177 867
Total Expenditure1 085 0421 023 945789 031800 555613 409
Surplus/(Deficit)(334 883)(332 467)(229 959)(252 022)(26 318)
Transfers and subsidies - capital (monetary allocations)44 33757 12952 97626 13422 380
Transfers and subsidies - capital (in-kind)16 06315 77931 2232 2226 830
Surplus/(Deficit) after capital transfers & contributions(274 483)(259 559)(145 760)(223 666)2 892
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(274 483)(259 559)(145 760)(223 666)2 892
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure91 68987 59158 14527 08542 817
Transfers recognised - capital82 65188 59358 33524 16326 143
Borrowing-----
Internally generated funds7 924(1 003)(1 694)1 71911 527
Total sources of capital funds90 57587 59056 64125 88237 670
FINANCIAL POSITION
Total current assets617 910537 293565 425398 607352 989
Total non current assets1 060 4271 037 208958 453970 948992 616
Total current liabilities2 063 8941 689 8041 375 8421 089 482845 391
Total non current liabilities61 84157 61251 83350 98347 457
Community wealth/Equity(447 397)(172 915)111 738229 060339 695
CASH FLOWS
Net cash from (used) operating95 579213 040203 92387 460112 347
Net cash from (used) investing(64 037)(75 836)(42 475)(23 278)(38 774)
Net cash from (used) financing1 453----
Cash/cash equivalents at the year end36 720142 074167 05367 949(129 084)
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure156 670289 03510 841241 72360 489
Irregular expenditure178 454221 743118 494169 199121 930
Fruitless & wasteful expenditure89 25685 14487 055103 509-
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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