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Victor Khanye Local Municipality (MP311)

Financial Results

All values: R'0002022/232021/222020/212019/202018/19
AUDIT OUTCOME n/aQualified auditQualified auditQualified auditDisclaimer of audit
FINANCIAL PERFORMANCE
Property rates92 66285 93678 43873 13869 980
Service charges225 646230 903250 404218 461221 607
Investment revenue7634024295981 614
Transfers recognised - operational131 228116 808128 315103 75090 951
Other own revenue121 454114 483129 506128 616150 954
Total Revenue (excluding capital transfers and contributions)571 753548 532587 092524 564535 105
Employee costs176 955169 348151 490147 634143 030
Remuneration of councillors8 5228 0838 3588 3008 055
Depreciation and amortisation61 55145 55655 56870 70043 134
Finance charges94 76648 40031 23540 94424 112
Inventory consumed and bulk purchases207 409209 938188 891226 872204 883
Transfers and subsidies-----
Other expenditure236 974319 229177 867262 065408 935
Total Expenditure786 177800 555613 409756 515832 150
Surplus/(Deficit)(214 424)(252 022)(26 318)(231 951)(297 045)
Transfers and subsidies - capital (monetary allocations)52 97626 13422 38024 91224 477
Transfers and subsidies - capital (in-kind)31 2232 2226 83048 0115 970
Surplus/(Deficit) after capital transfers & contributions(130 225)(223 666)2 892(159 028)(266 598)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(130 225)(223 666)2 892(159 028)(266 598)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure58 14527 08542 81790 76157 107
Transfers recognised - capital58 33524 16326 14350 67437 866
Borrowing-----
Internally generated funds(1 694)1 71911 52711 50715 876
Total sources of capital funds56 64125 88237 67062 18153 742
FINANCIAL POSITION
Total current assets578 105398 607352 989264 798219 386
Total non current assets950 972970 948992 6161 013 3481 034 583
Total current liabilities1 375 8421 089 482845 391675 441457 457
Total non current liabilities51 83350 98347 45739 15147 381
Community wealth/Equity24 817229 060339 695722 5831 015 728
CASH FLOWS
Net cash from (used) operating203 92387 460112 347692 320453 003
Net cash from (used) investing(42 475)(23 278)(38 774)(26 972)(20 254)
Net cash from (used) financing(11)(28)--1 575
Cash/cash equivalents at the year end167 04267 920(129 084)642 610439 330
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a241 72360 489104 711-
Irregular expendituren/a169 199121 93050 86015 529
Fruitless & wasteful expendituren/a103 509-38 00422 484
SOURCEAudited Outcome
C1 2024 Q1
Audited Outcome
A1 2023
Audited Outcome
A1 2023
Audited Outcome
A1 2022
Audited Outcome
A1 2021

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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