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Umsobomvu Local Municipality (NC072)

Financial Results

All values: R'0002022/232021/222020/212019/202018/19
AUDIT OUTCOME n/aQualified auditQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates17 77115 39314 38710 946(76)
Service charges71 34170 33461 09458 07653 165
Investment revenue1 02395157611142
Transfers recognised - operational69 13260 35765 71353 91547 229
Other own revenue39 49846 00634 02532 21619 085
Total Revenue (excluding capital transfers and contributions)198 765192 186175 376155 765119 545
Employee costs52 83257 41957 29151 73843 353
Remuneration of councillors5 3414 8563 9964 1284 047
Depreciation and amortisation47 1362029 51626 98933 489
Finance charges3 6578411 116-12
Inventory consumed and bulk purchases38 55637 95132 52728 33324 805
Transfers and subsidies---6(21)
Other expenditure94 169129 30156 58975 99038 064
Total Expenditure241 692230 389181 035187 185143 749
Surplus/(Deficit)(42 926)(38 203)(5 659)(31 420)(24 204)
Transfers and subsidies - capital (monetary allocations)26 28724 64420 98425 86317 526
Transfers and subsidies - capital (in-kind)--7 688-1 479
Surplus/(Deficit) after capital transfers & contributions(16 639)(13 559)23 013(5 557)(5 199)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(16 639)(13 559)23 013(5 557)(5 199)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure(28 110)18 710(42 793)3 6067 635
Transfers recognised - capital(32 206)17 352(49 437)-4 069
Borrowing-----
Internally generated funds4 0961 3581 987-231
Total sources of capital funds(28 110)18 710(47 450)-4 300
FINANCIAL POSITION
Total current assets134 393110 792106 07784 448179 183
Total non current assets505 107497 257506 707501 285499 536
Total current liabilities88 32285 06076 87571 367197 396
Total non current liabilities8 5169 5788 7739 30510 876
Community wealth/Equity542 662513 410504 122510 618475 647
CASH FLOWS
Net cash from (used) operating144 718(99 886)---
Net cash from (used) investing(27 721)(18 334)(172)-585
Net cash from (used) financing55---(1 401)
Cash/cash equivalents at the year end119 018(115 419)3 24010 228(5 489)
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a56 78827 81921 9906 979
Irregular expendituren/a16 98610 7162 9957 964
Fruitless & wasteful expendituren/a570---
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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