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Magareng Local Municipality (NC093)

Financial Results

All values: R'0002024/252023/242022/232021/222020/21
AUDIT OUTCOME Qualified auditQualified auditQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates13 24712 91612 26311 67411 554
Service charges38 33131 97232 46836 84533 207
Investment revenue38535710 9126 2969 582
Transfers recognised - operational73 42976 04969 50262 86461 440
Other own revenue33 02935 0258 9847 6478 094
Total Revenue (excluding capital transfers and contributions)158 421156 319134 129125 327123 876
Employee costs51 01147 18048 60649 81048 576
Remuneration of councillors5 2785 2574 6734 2633 598
Depreciation and amortisation15 89918 42323 78826 67432 271
Finance charges5 6671 9587 5495 4474 319
Inventory consumed and bulk purchases47 90937 30039 90145 19734 325
Transfers and subsidies----35
Other expenditure86 58397 55741 21049 91954 289
Total Expenditure212 347207 674165 728181 310177 412
Surplus/(Deficit)(53 927)(51 356)(31 599)(55 983)(53 535)
Transfers and subsidies - capital (monetary allocations)71 92450 29024 07125 03461 231
Transfers and subsidies - capital (in-kind)2 2524 8941 7253 696-
Surplus/(Deficit) after capital transfers & contributions20 2493 829(5 803)(27 253)7 696
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year20 2493 829(5 803)(27 253)7 696
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure62 33551 54925 36825 90055 426
Transfers recognised - capital61 94151 54923 88522 59855 426
Borrowing-----
Internally generated funds394-1 4822 122-
Total sources of capital funds62 33551 54925 36824 72055 426
FINANCIAL POSITION
Total current assets56 30647 49591 47966 57570 940
Total non current assets520 599480 911453 767376 452372 032
Total current liabilities341 313309 201325 933307 403284 552
Total non current liabilities6 8027 6408 99512 7548 669
Community wealth/Equity189 696210 698210 564138 886149 570
CASH FLOWS
Net cash from (used) operating94 93170 74038221 58115 392
Net cash from (used) investing(62 636)(51 374)(16 406)(25 900)(55 425)
Net cash from (used) financing38-319(27)-
Cash/cash equivalents at the year end33 43720 099(15 464)2 329(39 823)
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure33 14333 78224 275200 99157 944
Irregular expenditure115 46145 80622 87826 85826 105
Fruitless & wasteful expenditure4 3459736 50919 045853
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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