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Magareng Local Municipality (NC093)

Financial Results

All values: R'0002022/232021/222020/212019/202018/19
AUDIT OUTCOME Qualified auditQualified auditQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates12 26311 67411 55411 2657 595
Service charges32 39536 84533 20735 43628 519
Investment revenue10 9126 2969 5823 2698 734
Transfers recognised - operational69 43862 86461 44055 61147 015
Other own revenue8 8887 6478 09415 11221 597
Total Revenue (excluding capital transfers and contributions)133 896125 327123 876120 692113 461
Employee costs48 60649 81048 57643 77141 494
Remuneration of councillors4 6734 2633 5983 7083 305
Depreciation and amortisation57 00626 67432 27112 99124 666
Finance charges7 5305 4474 3197 8826 677
Inventory consumed and bulk purchases36 95745 19734 32537 67138 426
Transfers and subsidies--35--
Other expenditure49 11249 91954 28960 75372 391
Total Expenditure203 884181 310177 412166 777186 959
Surplus/(Deficit)(69 987)(55 983)(53 535)(46 085)(73 498)
Transfers and subsidies - capital (monetary allocations)24 07125 03461 23122 84226 950
Transfers and subsidies - capital (in-kind)1 7253 696---
Surplus/(Deficit) after capital transfers & contributions(44 191)(27 253)7 696(23 243)(46 548)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(44 191)(27 253)7 696(23 243)(46 548)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure25 36825 90055 42627 00624 102
Transfers recognised - capital23 88523 77855 42627 00611 763
Borrowing-----
Internally generated funds1 4822 122---
Total sources of capital funds25 36825 90055 42627 00611 763
FINANCIAL POSITION
Total current assets92 56366 57570 94058 05950 530
Total non current assets412 247376 452372 032320 239261 626
Total current liabilities322 307307 403284 552263 166221 048
Total non current liabilities9 45512 7548 6692 6683 185
Community wealth/Equity211 682138 886149 570138 19685 334
CASH FLOWS
Net cash from (used) operating21221 58115 392--
Net cash from (used) investing(16 406)(25 900)(55 425)107
Net cash from (used) financing325(27)--74
Cash/cash equivalents at the year end(15 628)2 329(39 823)5863 967
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure24 275200 99157 94458 73969 543
Irregular expenditure22 87826 85826 10522 0978 463
Fruitless & wasteful expenditure6 50919 0458537 8215 400
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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