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Victor Khanye Local Municipality (MP311)

Financial Results

All values: R'0002020/212019/202018/192017/182016/17
AUDIT OUTCOME Qualified auditQualified auditDisclaimer of auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates78 40073 38769 98063 70467 796
Service charges248 445221 731221 607148 852-
Investment revenue4295981 6142801 221
Transfers recognised - operational128 315103 75090 95172 94983 281
Other own revenue128 192117 645150 95457 055317 617
Total Revenue (excluding capital transfers and contributions)583 780517 110535 105342 840469 914
Employee costs161 686147 634143 030138 475126 110
Remuneration of councillors8 3588 3008 0557 7866 915
Depreciation & asset impairment53 69670 63943 13468 59068 590
Finance charges31 23540 94424 1122 1461 154
Materials and bulk purchases227 657226 872204 883185 648132 216
Transfers and grants----1 261
Other expenditure248 598259 686408 9353 492101 137
Total Expenditure731 230754 074832 150505 782437 383
Surplus/(Deficit)(147 450)(236 964)(297 045)(162 941)32 531
Transfers recognised - capital22 38024 91224 47728 19128 226
Contributions recognised - capital & contributed assets6 83047 9605 9705 85314 747
Surplus/(Deficit) after capital transfers & contributions(118 240)(164 092)(266 598)(128 897)75 504
Share of surplus/(deficit) of associate---n/a-
Surplus/(Deficit) for the year(118 240)(164 092)(266 598)(128 897)75 504
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure45 12567 96657 10718 29438 843
Transfers recognised - capital28 60327 99637 866n/a29 470
Public contributions & donationsn/an/an/an/an/a
Borrowing---n/a-
Internally generated funds11 23911 49815 876n/a9 373
Total sources of capital funds39 84239 49353 742n/a38 843
FINANCIAL POSITION
Total current assets370 715880 848219 386275 241209 956
Total non current assets999 624980 1651 034 5831 014 5691 076 839
Total current liabilities854 700767 035457 457234 07099 342
Total non current liabilities43 13849 02947 38163 61273 373
Community wealth/Equity485 1751 209 0401 015 728992 1281 114 080
CASH FLOWS
Net cash from (used) operating112 347712 289453 003(140 446)32 222
Net cash from (used) investing(38 774)(26 972)(20 254)(11 937)(33 628)
Net cash from (used) financing(18)(66)1 575(2 326)(2 276)
Cash/cash equivalents at the year end(129 102)662 513439 330(144 833)9 876
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure60 489104 711-32 69616 557
Irregular expenditure121 93050 86015 5299 08114 725
Fruitless & wasteful expenditure-38 00422 4846 3562 621
SOURCEAudited Outcome
C1 2022 Q1
Audited Outcome
A1 2021
Audited Outcome
A1 2021
Audited Outcome
Annual Report 2018
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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