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King Cetshwayo District Municipality (DC28)

Financial Results

All values: R'0002024/252023/242022/232021/222020/21
AUDIT OUTCOME Clean auditClean auditClean auditClean auditClean audit
FINANCIAL PERFORMANCE
Property rates-----
Service charges109 290103 461111 653102 01095 978
Investment revenue29 48930 03725 80219 31217 455
Transfers recognised - operational748 716728 047714 722645 298641 776
Other own revenue24 97743 49318 3069 8728 402
Total Revenue (excluding capital transfers and contributions)912 471905 038870 483776 492763 611
Employee costs347 308330 090301 719261 550234 607
Remuneration of councillors15 69614 98715 27412 01412 297
Depreciation and amortisation102 928122 258112 837109 069106 706
Finance charges8 2688 53614 8829 7626 976
Inventory consumed and bulk purchases232 987219 395154 065159 111152 904
Transfers and subsidies1 6243 7002 400--
Other expenditure398 618368 298407 907398 979416 693
Total Expenditure1 107 4291 067 2631 009 084950 486930 183
Surplus/(Deficit)(194 957)(162 225)(138 601)(173 995)(166 572)
Transfers and subsidies - capital (monetary allocations)463 231449 278421 043222 406257 649
Transfers and subsidies - capital (in-kind)-10 7871 649--
Surplus/(Deficit) after capital transfers & contributions268 274297 840284 09248 41191 077
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year268 274297 840284 09248 41191 077
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure452 400431 406403 578209 546239 964
Transfers recognised - capital402 810390 677366 166193 517225 911
Borrowing-----
Internally generated funds49 59040 72937 41116 02914 053
Total sources of capital funds452 400431 406403 578209 546239 964
FINANCIAL POSITION
Total current assets395 592372 892361 335492 912405 627
Total non current assets3 807 3603 464 6213 140 7732 912 8002 776 475
Total current liabilities328 373264 165226 481352 126219 976
Total non current liabilities117 14794 58197 815136 075102 099
Community wealth/Equity3 878 0453 478 7663 289 6422 991 8242 860 028
CASH FLOWS
Net cash from (used) operating3 415 7041 647 870233 8532 657 1412 177 931
Net cash from (used) investing(437 548)(423 946)(403 599)(209 610)(239 935)
Net cash from (used) financing-(6 286)6 2869 564-
Cash/cash equivalents at the year end3 114 3171 352 157208 5222 748 0792 439 415
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure----20 034
Irregular expenditure---22 65330 929
Fruitless & wasteful expenditure---873887
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.
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