ADVERTISEMENT

Mahikeng Local Municipality (NW383)

Financial Results

All values: R'0002024/252023/242022/232021/222020/21
AUDIT OUTCOME Qualified auditQualified auditQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates256 911349 070389 752332 899301 731
Service charges255 831244 298253 097246 164247 460
Investment revenue18 9068 51110 8374 5886 225
Transfers recognised - operational464 756409 703460 661309 050360 629
Other own revenue301 474165 753130 809163 064(32 497)
Total Revenue (excluding capital transfers and contributions)1 297 8781 177 3361 245 1551 055 765883 549
Employee costs387 731354 397390 754346 709376 761
Remuneration of councillors33 64827 79130 30228 59029 261
Depreciation and amortisation89 733-64 75178 91680 123
Finance charges2 3741701 8022 3681 560
Inventory consumed and bulk purchases229 00177 303115 955102 216124 794
Transfers and subsidies4 8184 5314 0236 4994 590
Other expenditure360 349191 184621 956438 118471 213
Total Expenditure1 107 655655 3751 229 5431 003 4161 088 301
Surplus/(Deficit)190 222521 96115 61352 350(204 753)
Transfers and subsidies - capital (monetary allocations)18 7022 753-84 67994 833
Transfers and subsidies - capital (in-kind)--3 802--
Surplus/(Deficit) after capital transfers & contributions208 924524 71419 415137 029(109 920)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year208 924524 71419 415137 029(109 920)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure137 11795 264123 898103 353127 717
Transfers recognised - capital115 30070 517109 17684 87171 112
Borrowing-----
Internally generated funds7 00224 5019 38114 112-
Total sources of capital funds122 30395 019118 55798 98371 112
FINANCIAL POSITION
Total current assets741 0571 294 489708 612697 887598 931
Total non current assets2 325 0922 106 3472 011 1121 996 8171 952 926
Total current liabilities998 8141 135 408985 473828 531908 098
Total non current liabilities260 394368 525362 062503 401443 068
Community wealth/Equity1 806 9411 896 7061 365 1691 380 4801 199 096
CASH FLOWS
Net cash from (used) operating945 328981 2581 065 747778 481747 584
Net cash from (used) investing(140 224)(104 588)(147 461)(101 576)(94 358)
Net cash from (used) financing-----
Cash/cash equivalents at the year end999 8011 071 6711 017 933795 345205 760
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure185 192140 938163 9921 484 450120 803
Irregular expenditure331 206311 179225 957222 843209 770
Fruitless & wasteful expenditure17214 85822837 696560
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.
ADVERTISEMENT
ADVERTISEMENT