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Overstrand Local Municipality (WC032)

Financial Results

All values: R'0002022/232021/222020/212019/202018/19
AUDIT OUTCOME Clean auditClean auditClean auditClean auditClean audit
FINANCIAL PERFORMANCE
Property rates297 101278 154261 222240 914233 274
Service charges840 648825 796733 197699 549648 200
Investment revenue51 75131 88430 47648 14645 960
Transfers recognised - operational172 163152 046140 895122 922185 036
Other own revenue215 331188 869124 855183 283n/a
Total Revenue (excluding capital transfers and contributions)1 576 9941 476 7501 290 6461 294 8151 207 431
Employee costs480 939452 651436 029380 730367 858
Remuneration of councillors12 31511 53811 21911 28210 573
Depreciation and amortisation148 404147 004138 195134 556129 659
Finance charges48 15247 58448 80546 57044 921
Inventory consumed and bulk purchases404 638404 258343 314320 849242 613
Transfers and subsidies16 08612 7508 651500486
Other expenditure460 551422 908334 722305 12558 279
Total Expenditure1 571 0851 498 6941 320 9351 199 6121 107 962
Surplus/(Deficit)5 909(21 944)(30 290)95 20399 470
Transfers and subsidies - capital (monetary allocations)99 17540 27442 38137 611n/a
Transfers and subsidies - capital (in-kind)6 1302 06018 7579 384n/a
Surplus/(Deficit) after capital transfers & contributions111 21420 39030 848142 197105 555
Share of surplus/(deficit) of associate----n/a
Surplus/(Deficit) for the year111 21420 39030 848142 197105 555
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expendituren/an/a--n/a
Transfers recognised - capitaln/an/a-2 932n/a
Borrowingn/an/a--n/a
Internally generated fundsn/an/a-(2 932)n/a
Total sources of capital fundsn/an/a--n/a
FINANCIAL POSITION
Total current assets1 695 7861 506 5721 355 186210 765710 826
Total non current assets4 119 0243 946 5283 921 556110 3293 688 101
Total current liabilities1 274 1031 028 011899 699182 820222 765
Total non current liabilities707 060703 137678 212(4 358)645 090
Community wealth/Equity3 971 7743 721 9523 698 830142 6313 531 072
CASH FLOWS
Net cash from (used) operating709 785(221 731)105 431208218 314
Net cash from (used) investing(186 141)(6 234)(58 296)4 275(180 645)
Net cash from (used) financing(180)(10 531)--20 552
Cash/cash equivalents at the year end1 139 744374 227700 9494 483533 188
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure26 10014 10814 254-24 397
Irregular expenditure2 3002401 4518 2014 123
Fruitless & wasteful expenditure-27-114
SOURCEAudited Outcome
C1 2024 Q1
Audited Outcome
A1 2023
Audited Outcome
A1 2023
Audited Outcome
A1 2022
Audited Outcome
Annual Report 2019

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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