Financial

Financial Results

All values: R’000 2016/17 2015/16 2014/15 2013/14 2012/13
AUDIT OUTCOME  Financially unqualified Financially unqualified Financially unqualified Qualified audit Adverse audit
FINANCIAL PERFORMANCE
Property rates 3 279 3 309 3 327 3 186 8 987
Service charges 733 597 588 517 4 258
Investment revenue 3 548 2 694 2 188 1 799 42
Transfers recognised – operational 165 081 171 952 122 680 117 003 167 227
Other own revenue 12 689 5 772 6 404 4 366 5 240
Total Revenue (excluding capital transfers and contributions) 185 329 184 324 135 188 126 870 185 754
Employee costs 100 578 86 719 78 243 69 421 75 975
Remuneration of councillors 14 452 13 800 13 028 12 515 9 159
Depreciation & asset impairment 24 287 30 815 30 435 32 870 146 040
Finance charges 541 510 544 546 492
Materials and bulk purchases 2 044 599
Transfers and grants 301 5 424
Other expenditure 53 800 46 191 66 790 46 782 52 298
Total Expenditure 195 702 178 035 189 340 162 134 289 986
Surplus/(Deficit) (10 374) 6 289 (54 152) (35 264) (104 232)
Transfers recognised – capital 39 895 43 362 44 830 55 506
Contributions recognised – capital & contributed assets
Surplus/(Deficit) after capital transfers & contributions 29 521 49 651 (9 322) 20 241 (104 232)
Share of surplus/(deficit) of associate
Surplus/(Deficit) for the year 29 521 49 651 (9 322) 20 241 (104 232)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure 67 548 88 801 65 236 57 966 78 113
Transfers recognised – capital 66 948 88 801 65 075 55 506 22 933
Public contributions & donations 55 181
Borrowing
Internally generated funds 600 160 2 460
Total sources of capital funds 67 548 88 801 65 236 57 966 78 113
FINANCIAL POSITION
Total current assets 70 428 65 228 59 361 76 225 25 662
Total non current assets 582 315 568 522 533 972 506 986 544 981
Total current liabilities 33 174 35 121 43 902 31 638 35 235
Total non current liabilities 4 515 7 193 7 646 7 972 8 298
Community wealth/Equity 615 053 591 436 541 784 543 601 527 111
CASH FLOWS
Net cash from (used) operating 53 588 66 243 (4 446) 48 541 1 441
Net cash from (used) investing (41 851) (64 284) (8 550) (40 250) (211)
Net cash from (used) financing (7 986) (823) (822) (694) (367)
Cash/cash equivalents at the year end 6 595 2 838 1 675 15 503 7 722
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure 19 568 19 568 47 612 34 492
Irregular expenditure 2 877 64 619 55 795 18 163 12 034
Fruitless & wasteful expenditure 342 100 173 197 236
SOURCE Audited Outcome – C1 2018 Q3 Audited Outcome – A1 2017 Audited Outcome – A1 2017 Audited Outcome – A1 2017 Audited Outcome – A1 2016