ADVERTISEMENT

Buffalo City Metropolitan Municipality (BUF)

Financial Results

All values: R'0002022/232021/222020/212019/202018/19
AUDIT OUTCOME Qualified auditFinancially unqualifiedQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates1 791 3701 733 9141 589 4151 467 4001 295 503
Service charges3 766 3154 312 9933 937 3453 260 9412 867 900
Investment revenue47 66033 08641 28970 65098 690
Transfers recognised - operational1 212 3301 751 4541 921 555987 005921 187
Other own revenue1 254 814417 739395 202921 868857 432
Total Revenue (excluding capital transfers and contributions)8 072 4898 249 1867 884 8076 707 8646 040 712
Employee costs2 474 4912 536 4032 501 1932 206 0102 049 372
Remuneration of councillors66 74964 68363 81364 68762 316
Depreciation and amortisation1 846 0451 569 7971 401 9691 710 0621 299 117
Finance charges16 07520 68425 75732 56438 467
Inventory consumed and bulk purchases2 256 1922 293 2101 959 8221 868 1401 716 036
Transfers and subsidies136 315127 299104 912131 01991 703
Other expenditure2 332 8222 589 0202 219 5221 817 9611 620 770
Total Expenditure9 128 6899 201 0968 276 9887 830 4436 877 780
Surplus/(Deficit)(1 056 200)(951 910)(392 181)(1 122 579)(837 068)
Transfers and subsidies - capital (monetary allocations)753 828687 0651 070 9731 010 413997 754
Transfers and subsidies - capital (in-kind)4 1602 29410 03613 811280 275
Surplus/(Deficit) after capital transfers & contributions(298 211)(262 551)688 828(98 355)440 961
Share of surplus/(deficit) of associate44 254--(105 406)-
Surplus/(Deficit) for the year(253 957)(262 551)688 828(203 761)440 961
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure1 425 9461 408 5151 591 3521 549 342258 396
Transfers recognised - capital696 267624 388970 986904 05187 708
Borrowing-11 7273 079--
Internally generated funds729 679772 324617 287645 241162 531
Total sources of capital funds1 425 9461 408 4391 591 3521 549 292250 239
FINANCIAL POSITION
Total current assets11 193 41910 217 2129 662 9668 629 9937 312 294
Total non current assets26 075 99325 670 88122 692 27220 426 20120 813 812
Total current liabilities10 160 1018 865 3998 116 9847 574 2256 217 441
Total non current liabilities951 9981 143 9331 072 361933 0861 021 515
Community wealth/Equity26 157 31225 878 76223 165 89320 548 89420 892 512
CASH FLOWS
Net cash from (used) operating4 885 8694 251 1714 317 844(2 767)(9 900)
Net cash from (used) investing(1 425 944)(1 407 092)(1 586 520)--
Net cash from (used) financing(52 529)(45 191)(54 396)-10 634
Cash/cash equivalents at the year end4 104 8533 944 2964 050 6391 168 8651 823 064
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure-163 702-17 65042 977
Irregular expenditure1 713 3126 523 479311 223302 138132 543
Fruitless & wasteful expenditure5410 732--12 379
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.
ADVERTISEMENT
ADVERTISEMENT

Powered by Creative 8 | Version: 2.10.24 / PHP Version: 8.2.26