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Magareng Local Municipality (NC093)

Financial Results

All values: R'0002023/242022/232021/222020/212019/20
AUDIT OUTCOME n/aQualified auditQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates12 91612 26311 67411 55411 265
Service charges32 01232 46836 84533 20735 436
Investment revenue35710 9126 2969 5823 269
Transfers recognised - operational76 04969 50262 86461 44055 611
Other own revenue35 0998 9847 6478 09415 112
Total Revenue (excluding capital transfers and contributions)156 433134 129125 327123 876120 692
Employee costs47 18048 60649 81048 57643 771
Remuneration of councillors5 2574 6734 2633 5983 708
Depreciation and amortisation18 41123 78826 67432 27112 991
Finance charges1 9587 5495 4474 3197 882
Inventory consumed and bulk purchases38 15839 90145 19734 32537 671
Transfers and subsidies---35-
Other expenditure96 85641 21049 91954 28960 753
Total Expenditure207 820165 728181 310177 412166 777
Surplus/(Deficit)(51 387)(31 599)(55 983)(53 535)(46 085)
Transfers and subsidies - capital (monetary allocations)50 29024 07125 03461 23122 842
Transfers and subsidies - capital (in-kind)4 8941 7253 696--
Surplus/(Deficit) after capital transfers & contributions3 798(5 803)(27 253)7 696(23 243)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year3 798(5 803)(27 253)7 696(23 243)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure51 54925 36825 90055 42627 006
Transfers recognised - capital51 54923 88522 59855 42627 006
Borrowing-----
Internally generated funds-1 4822 122--
Total sources of capital funds51 54925 36824 72055 42627 006
FINANCIAL POSITION
Total current assets48 33091 47966 57570 94058 059
Total non current assets480 050453 767376 452372 032320 239
Total current liabilities309 206325 933307 403284 552263 166
Total non current liabilities7 6408 99512 7548 6692 668
Community wealth/Equity210 698210 564138 886149 570138 196
CASH FLOWS
Net cash from (used) operating68 86638221 58115 392-
Net cash from (used) investing(51 374)(16 406)(25 900)(55 425)10
Net cash from (used) financing-319(27)--
Cash/cash equivalents at the year end18 225(15 464)2 329(39 823)586
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a24 275200 99157 94458 739
Irregular expendituren/a22 87826 85826 10522 097
Fruitless & wasteful expendituren/a6 50919 0458537 821
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.
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