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Magareng Local Municipality (NC093)

Financial Results

All values: R'0002025/262024/252023/242022/232021/22
AUDIT OUTCOME n/aQualified auditQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates14 93513 24712 91612 26311 674
Service charges40 12438 33131 97232 46836 845
Investment revenue24838535710 9126 296
Transfers recognised - operational78 18573 42976 04969 50262 864
Other own revenue35 55533 02935 0258 9847 647
Total Revenue (excluding capital transfers and contributions)169 048158 421156 319134 129125 327
Employee costs55 04751 01147 18048 60649 810
Remuneration of councillors5 3065 2785 2574 6734 263
Depreciation and amortisation75 63515 89918 42323 78826 674
Finance charges7 7625 6671 9587 5495 447
Inventory consumed and bulk purchases45 40647 90937 30039 90145 197
Transfers and subsidies-----
Other expenditure62 00286 58397 55741 21049 919
Total Expenditure251 158212 347207 674165 728181 310
Surplus/(Deficit)(82 110)(53 927)(51 356)(31 599)(55 983)
Transfers and subsidies - capital (monetary allocations)39 20971 92450 29024 07125 034
Transfers and subsidies - capital (in-kind)-2 2524 8941 7253 696
Surplus/(Deficit) after capital transfers & contributions(42 900)20 2493 829(5 803)(27 253)
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 year(42 900)20 2493 829(5 803)(27 253)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure37 79662 33551 54925 36825 900
Transfers recognised - capital36 19461 94151 54923 88522 598
Borrowing-----
Internally generated funds1 602394-1 4822 122
Total sources of capital funds37 79662 33551 54925 36824 720
FINANCIAL POSITION
Total current assets98 95256 30647 49591 47966 575
Total non current assets487 216520 599480 911453 767376 452
Total current liabilities387 086341 313309 201325 933307 403
Total non current liabilities7 4606 8027 6408 99512 754
Community wealth/Equity250 261189 696210 698210 564138 886
CASH FLOWS
Net cash from (used) operating74 90194 93170 74038221 581
Net cash from (used) investing(36 249)(62 636)(51 374)(16 406)(25 900)
Net cash from (used) financing(626)38-319(27)
Cash/cash equivalents at the year end39 44033 43720 099(15 464)2 329
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a33 14333 78224 275200 991
Irregular expendituren/a115 46145 80622 87826 858
Fruitless & wasteful expendituren/a4 3459736 50919 045
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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