Overstrand Local Municipality (WC032)

Financial Results

All values: R'0002018/192017/182016/172015/162014/15
AUDIT OUTCOME Clean auditClean auditClean auditClean auditClean audit
FINANCIAL PERFORMANCE
Property rates-215 712197 463164 965153 401
Service charges11 381590 194624 577573 118521 423
Investment revenue2 50530 28520 34712 2098 144
Transfers recognised - operational7 056116 421114 411103 62960 473
Other own revenue5 647120 62896 32476 76961 143
Total Revenue (excluding capital transfers and contributions)26 5891 073 2411 053 123930 691804 584
Employee costs6 651296 536301 919274 564269 820
Remuneration of councillors-10 1389 2658 5668 104
Depreciation & asset impairment11 605134 400132 463122 909122 559
Finance charges4 95746 12945 91346 20743 447
Materials and bulk purchases29 431263 898237 796214 224195 414
Transfers and grants-1 80056 13651 09050 392
Other expenditure7 285240 552264 199220 166234 390
Total Expenditure59 928993 4531 047 691937 727924 126
Surplus/(Deficit)(33 338)79 7885 432(7 036)(119 542)
Transfers recognised - capital29 95064 24833 68160 65155 498
Contributions recognised - capital & contributed assets25 521----
Surplus/(Deficit) after capital transfers & contributions22 133144 03639 11453 616(64 044)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year22 133144 03639 11453 616(64 044)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure(136 610)105 20791 86895 133109 902
Transfers recognised - capital(65 107)64 26741 77460 65155 734
Public contributions & donationsn/a4 3721 440743607
Borrowing(28 342)19 19935 55027 18939 012
Internally generated funds(43 161)17 36913 1046 54914 550
Total sources of capital funds(136 610)105 20791 86895 133109 902
FINANCIAL POSITION
Total current assets12 496641 418410 829307 820220 542
Total non current assets29 7033 635 6273 701 2283 731 7613 757 127
Total current liabilities(71 050)220 580181 973169 587155 682
Total non current liabilities109 583613 708629 633611 666602 191
Community wealth/Equity(18 498)3 442 7583 300 4513 258 3283 219 796
CASH FLOWS
Net cash from (used) operating(51 909)242 445182 651160 551119 478
Net cash from (used) investing(258)(28 747)(93 891)(99 253)(101 315)
Net cash from (used) financing(6 294)1 455(3 727)8 49623 666
Cash/cash equivalents at the year end(58 461)474 967259 814174 780104 987
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure24 397-5 834-3 715
Irregular expenditure4 12324--147
Fruitless & wasteful expenditure14-315611
SOURCEAudited Outcome - C1 2020 Q3Audited Outcome - C1 2019 Q2Audited Outcome - A1 2018Audited Outcome - A1 2018Audited Outcome - A1 2017

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.