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Mahikeng Local Municipality (NW383)

Financial Results

All values: R'0002022/232021/222020/212019/202018/19
AUDIT OUTCOME n/aQualified auditQualified auditQualified auditDisclaimer of audit
FINANCIAL PERFORMANCE
Property rates389 752332 899301 731318 056313 279
Service charges253 097246 164247 460249 639235 832
Investment revenue10 8374 5886 2257 4092 354
Transfers recognised - operational460 661309 050360 629283 469246 144
Other own revenue133 245173 808(32 497)166 733172 169
Total Revenue (excluding capital transfers and contributions)1 247 5921 066 509883 5491 025 307969 779
Employee costs390 754312 367376 761341 817313 947
Remuneration of councillors30 13828 41529 26129 04626 322
Depreciation and amortisation64 75195 78680 123104 88549 915
Finance charges1 8022 3381 5602 05319 390
Inventory consumed and bulk purchases125 998146 079124 794141 133110 363
Transfers and subsidies4 0236 4994 5904 459129
Other expenditure621 533404 967471 213(16 474)594 026
Total Expenditure1 238 998996 4511 088 301606 9191 114 091
Surplus/(Deficit)8 59370 059(204 753)418 388(144 312)
Transfers and subsidies - capital (monetary allocations)-84 67994 83381 23039 144
Transfers and subsidies - capital (in-kind)3 802--24 135-
Surplus/(Deficit) after capital transfers & contributions12 396154 738(109 920)523 753(105 168)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year12 396154 738(109 920)523 753(105 168)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure123 898103 655127 717908 94041 279
Transfers recognised - capital109 17685 81971 112842 01234 043
Borrowing-----
Internally generated funds9 38114 112---
Total sources of capital funds118 55799 93171 112842 01234 043
FINANCIAL POSITION
Total current assets708 556617 573598 931633 832711 859
Total non current assets2 011 1122 067 2651 952 9262 013 2771 512 090
Total current liabilities818 101876 405908 0981 072 367930 447
Total non current liabilities528 656503 401443 068430 199379 925
Community wealth/Equity1 872 3731 305 0311 199 096657 8321 018 744
CASH FLOWS
Net cash from (used) operating1 065 747778 305747 5842 330 7971 588 907
Net cash from (used) investing(69 969)(101 576)(94 358)(76 228)(51 825)
Net cash from (used) financing(16)(67)--30
Cash/cash equivalents at the year end1 095 410717 610205 7602 075 4891 437 861
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a1 484 450120 803143 791148 931
Irregular expendituren/a222 843209 770219 600166 988
Fruitless & wasteful expendituren/a37 69656021 8334 709
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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