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Umsobomvu Local Municipality (NC072)

Financial Results

All values: R'0002024/252023/242022/232021/222020/21
AUDIT OUTCOME Financially unqualifiedQualified auditQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates19 449(34 736)17 77115 39314 387
Service charges87 20886 65771 34170 33461 094
Investment revenue8107591 02395157
Transfers recognised - operational79 83774 53869 13260 35765 713
Other own revenue56 97750 43639 86346 00634 025
Total Revenue (excluding capital transfers and contributions)244 281177 654199 130192 186175 376
Employee costs66 49758 65552 83257 41957 291
Remuneration of councillors6 1845 7805 3414 8563 996
Depreciation and amortisation31 54738 89035 7392029 516
Finance charges2 2933 4623 6578411 116
Inventory consumed and bulk purchases55 62047 21438 55637 95132 527
Transfers and subsidies-----
Other expenditure122 28255 81794 169129 30156 589
Total Expenditure284 423209 818230 294230 389181 035
Surplus/(Deficit)(40 142)(32 164)(31 164)(38 203)(5 659)
Transfers and subsidies - capital (monetary allocations)26 07618 16126 28724 64420 984
Transfers and subsidies - capital (in-kind)----7 688
Surplus/(Deficit) after capital transfers & contributions(14 066)(14 003)(4 877)(13 560)23 013
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(14 066)(14 003)(4 877)(13 560)23 013
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure9 296-03 904(42 793)
Transfers recognised - capital24 5983 9127 8304 468(49 437)
Borrowing-----
Internally generated funds(15 302)(3 912)(7 830)1 3221 987
Total sources of capital funds9 296-05 791(47 450)
FINANCIAL POSITION
Total current assets206 111172 147136 761110 792106 077
Total non current assets505 647506 110522 404516 432506 707
Total current liabilities146 644158 22194 637108 72476 875
Total non current liabilities28 76129 01121 5019 5788 773
Community wealth/Equity536 354491 026543 027508 921504 122
CASH FLOWS
Net cash from (used) operating166 290127 305181 161187 412-
Net cash from (used) investing(23 309)(18 765)(27 275)(16 776)(172)
Net cash from (used) financing-----
Cash/cash equivalents at the year end145 384110 943152 558172 5863 240
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure88 429--56 78827 819
Irregular expenditure1 3311 1382 22816 98610 716
Fruitless & wasteful expenditure1 4826821 900570-
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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