Thursday, 27 October 2016 14:44

FINANCIAL VIABILITY

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All values: R'000 2015/16 2014/15 2013/14 2012/13
AUDIT OUTCOME n/a Financially unqualified with findings Financially unqualified with findings Qualified audit opinion
FINANCIAL PERFORMANCE
Property rates 26 826 1 782 17 816 14 051
Service charges 40 887 1 065 31 522 28 785
Investment revenue 1 615 1 585 1 585 1 043
Transfers recognised - operational 73 141 53 435 71 107 63 318
Other own revenue 10 001 3 466 8 674 8 651
Total Revenue (excluding capital transfers and contributions) 152 470 61 333 130 704 115 849
Employee costs 55 541 21 895 36 095 33 774
Remuneration of councillors 7 059 7 003 7 003 5 997
Depreciation & asset impairment (1 466) 1 958 1 911 -
Finance charges 1 155 323 323 765
Materials and bulk purchases 32 082 472 27 724 19 039
Transfers and grants - - - -
Other expenditure 67 838 28 471 42 518 43 451
Total Expenditure 162 209 60 121 115 575 103 025
Surplus/(Deficit) (9 739) 1 212 15 130 12 824
Transfers recognised - capital 34 143 10 154 38 756 21 784
Contributions recognised - capital & contributed assets - - - -
Surplus/(Deficit) after capital transfers & contributions 24 404 11 366 53 886 34 607
Share of surplus/(deficit) of associate - - - -
Surplus/(Deficit) for the year 24 404 11 366 53 886 34 607
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure 66 053 19 232 25 080 19 127
Transfers recognised - capital 55 845 18 625 20 492 18 521
Public contributions & donations 3 105 - - -
Borrowing 4 047 - 4 118 -
Internally generated funds 3 056 607 470 607
Total sources of capital funds 66 053 19 232 25 080 19 127
FINANCIAL POSITION
Total current assets 78 559 92 486 65 843 59 436
Total non current assets 348 823 313 661 247 585 212 644
Total current liabilities 40 159 58 213 40 499 31 216
Total non current liabilities 6 904 9 155 10 297 8 579
Community wealth/Equity 380 319 338 779 262 632 232 285
CASH FLOWS
Net cash from (used) operating 97 216 58 634 49 083 29 326
Net cash from (used) investing (98 224) (56 104) (19 792) (19 964)
Net cash from (used) financing (2 369) (2 994) 2 953 (2 136)
Cash/cash equivalents at the year end 9 772 13 137 48 419 23 402
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure n/a 15 896 13 455 -
Irregular expenditure n/a 18 089 15 049 10 648
Fruitless & wasteful expenditure n/a 60 284 185
SOURCE S71 Unaudited S71 Audited S71 Audited S71 Audited

 

Note: For information on methodology, sources and definitions please see Sources.KF

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