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Raymond Mhlaba Local Municipality (EC129)

Financial Results

All values: R'0002022/232021/222020/212019/202018/19
AUDIT OUTCOME Qualified auditQualified auditQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates107 71597 168103 629n/a73 998
Service charges84 69090 02591 015n/a97 439
Investment revenue2 4661 9561 553n/a674
Transfers recognised - operational217 855199 993225 393n/a156 192
Other own revenue55 88654 94937 414n/a53 320
Total Revenue (excluding capital transfers and contributions)468 611444 091459 004n/a381 623
Employee costs207 191202 488192 229n/a133 752
Remuneration of councillors18 84218 31218 464n/a17 027
Depreciation and amortisation23 52632 37728 649n/a-
Finance charges20 90721 37413 435n/a-
Inventory consumed and bulk purchases77 30582 57670 363n/a29 865
Transfers and subsidies9 8209 37212 978n/a14 772
Other expenditure58 839173 254208 712n/a99 372
Total Expenditure416 431539 753544 830n/a294 788
Surplus/(Deficit)52 180(95 662)(85 826)n/a86 835
Transfers and subsidies - capital (monetary allocations)49 31160 81054 889n/a-
Transfers and subsidies - capital (in-kind)---n/a-
Surplus/(Deficit) after capital transfers & contributions101 491(34 851)(30 938)n/a86 835
Share of surplus/(deficit) of associate---n/a-
Surplus/(Deficit) for the year101 491(34 851)(30 938)n/a86 835
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure47 92382n/an/a50 271
Transfers recognised - capital35 83282n/an/a49 052
Borrowing--n/an/a-
Internally generated funds--n/an/a1 219
Total sources of capital funds35 83282n/an/a50 271
FINANCIAL POSITION
Total current assets426 74496 00779 363n/an/a
Total non current assets797 685782 927774 719n/an/a
Total current liabilities533 931455 987416 699n/an/a
Total non current liabilities95 40691 65081 111n/an/a
Community wealth/Equity493 601331 296356 272n/an/a
CASH FLOWS
Net cash from (used) operating(224 523)68 54810 943n/a68 084
Net cash from (used) investing---n/a(54 351)
Net cash from (used) financing---n/a-
Cash/cash equivalents at the year end(228 187)64 08310 975n/a30 974
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure-3 195-n/a-
Irregular expenditure80 969133 57216 56422 249715
Fruitless & wasteful expenditure23 3465 75224 94919 37616 021
SOURCEAudited Outcome
C1 2024 Q1
Audited Outcome
A1 2023
Audited Outcome
A1 2022
Unaudited YTD
C1 2019 Q4

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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