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Chief Albert Luthuli Local Municipality (MP301)

Financial Results

All values: R'0002025/262024/252023/242022/232021/22
AUDIT OUTCOME n/aFinancially unqualifiedQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates61 84989 11468 19062 11891 810
Service charges97 87086 56182 26060 87164 333
Investment revenue11 79214 57716 2079 5464 997
Transfers recognised - operational464 835448 332422 663400 267355 561
Other own revenue106 39162 22549 46846 40657 460
Total Revenue (excluding capital transfers and contributions)742 737700 808638 788579 209574 161
Employee costs268 967261 571247 600231 551220 324
Remuneration of councillors26 11824 06723 40221 75220 319
Depreciation and amortisation145 30779 46567 40170 738(66 083)
Finance charges6 50910 9489 5478 4407 758
Inventory consumed and bulk purchases215 320185 587155 689117 513111 576
Transfers and subsidies4 3802 7283 4502 6881 884
Other expenditure306 774247 798269 176274 866305 171
Total Expenditure973 375812 163776 264727 548600 950
Surplus/(Deficit)(230 637)(111 354)(137 476)(148 339)(26 789)
Transfers and subsidies - capital (monetary allocations)365 200479 425502 333359 493442 684
Transfers and subsidies - capital (in-kind)3 4581 9167 7761 500-
Surplus/(Deficit) after capital transfers & contributions138 021369 987372 633212 654415 896
Income Taxn/an/an/an/an/a
Surplus/(Deficit) after Income Taxn/an/an/an/an/a
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year138 021369 987372 633212 654415 896
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure335 535454 113447 73876 243384 728
Transfers recognised - capital316 636412 091422 29749 128361 191
Borrowing-----
Internally generated funds13 80434 63523 30115 67620 936
Total sources of capital funds330 440446 726445 59864 803382 126
FINANCIAL POSITION
Total current assets118 344137 721127 443161 535229 506
Total non current assets3 259 5643 076 2272 702 6712 328 5152 363 977
Total current liabilities205 767218 408232 082267 031266 699
Total non current liabilities82 579139 297119 25918 3554 301
Community wealth/Equity3 089 5612 856 2442 478 7741 992 0101 906 588
CASH FLOWS
Net cash from (used) operating859 525942 817660 267(188 584)(113 150)
Net cash from (used) investing(374 211)(449 334)(474 364)-(79 944)
Net cash from (used) financing-----
Cash/cash equivalents at the year end512 363514 263194 211(158 433)(133 285)
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a52 511---
Irregular expendituren/a3 3278 42942 67362 839
Fruitless & wasteful expendituren/a1 1083 4271117
SOURCEAudited Outcome
A1 2027 Q1
Audited Outcome
A1 2026 Q1
Audited Outcome
A1 2026 Q1
Audited Outcome
A1 2026 Q1
Audited Outcome
A1 2024

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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