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Local Municipality Annual Financial Statements FOR THE YEAR ENDED 30 June 2019 Alfred Duma Leal Municipality (egiuation Number KZ 228) ‘Annual Finan! Stamens forthe yoarendes 90 June 2018 General Infarmation Legal form of ety Local Moriiplly icin! demarcation code kena Members of he Counc aayor Mey Mate Deputy Bayer eT Haves Spester MFT wr nguene Chet AH MrT B Napa emer of tia xecitva Caines is 8 Karle A eon Ms82 Pts MS Sirebre MMR Sudaany MAS DWiaravaly ‘Acsourtng Ofear Mes Nate Chit Finansi! Offer Mes Hibe Grving of eel atest 4 Regiteredofoe 221 Nuwhiean Street {sar Cranes Bueing Laden ‘ev ean.asrz231 Fax: 0956311400 mal wn.goue Poatatndaeoss Popa 29 Ledanih azul Natal 3570 ankere [ABSA Puble Sater Raning Austiors Auditor Ceneral ofSeuth Acs Alfred Duma Local Municipality (Regist Niber 21 29) ‘Annual rancial Statements forthe year ended 30 June 2018 Index Ine reper and staaranis stout blow compris the anual ancl statements prevented -ecouning Gficer's Response and Approve _saementf Fania Postion toe f Fanckl Perorance Inet Azote Stolen of Chang (aon Flaw Statomane Slolemant of Comparisn of Bagot end tual Amounts -aarountng Poi test tha Annus Fnancal Stators appends: append: Schatul of Eemal Loans Appin: Ana of Property, Plrtand Eaipent append C: Stfaren! of Bdge and etal nfoatin Append: b: Sopmansl Sttsreant of FinancilPerfanes _Appendat E:Dielosuros of Gran ae upsides ABBREVIATIONS cogTa ron 80. now rar hoe Ince ums ors Nea HOA NER nue salen saaee \Cooparatve Cevemance and “taona Mars ‘Companion fr Onouptinal nudes ara Dseases ‘Community Sarvies Canta Lbeyertnent of Hurnan Someone ‘enaally Racogiaad Accounting Practine using Development Fund Intro Nationel Elerion Program Land Ves Msnagerent System uncial Derren ranston Crack Municipal Finance Wansgement Act Municipal Housing Dperng Aco: National lecticiyFegulsox eta dort Nunicipal enslon Property, Plant and Easprant South Afcan Local Sevemment Author uth Azan Lael Goverment Bergsining Ceuret ‘Supply Cin Wea gemant Walus Ace Taxton Pape or Alfred Duma Locs! Munielpaiity (sentation Number KEN 238). ‘nus inci Ststamens forthe ren yoar enc! 0 une 2018 Accounting Officer's Responsibilities end Approval rane ssp an nsapennl adn lal toores onde ta ‘he gruel fennel saat have boenprepvsdin sacbesnce vith Stands of eres Recoonsed Actuning Practice [GRAP) inusng any inpatations,qudslnay end eth hed by tno Soeounng Suarcse Bae ‘The semua fnancal salem ae bas upon appropriate acsouling pale consis appfod and euntoced by ‘emvonetia sr peaentusgement and ectales reaaratioctrumetancea a cbove roroach, The foes of waragementin he munity sor idee aeaccer ‘managing and mexvsning eh etean foe of rsk asoaa he muniepaty. Whie oyautny es cannot Se ay circ the munldnaniy endeavors Wy rime I By ensuring nt appreptas Ines, esl yale nd se behaviour ae apled and moregedalin prodelamaie pecobies er cansraia “Te Accounlna Oficoti fe ony, beeed onthe infomation art explains given by mawermen tI syst of ners cone proves reasonable surance Bat tha emia raetds ty baled an Re pepo aoe nue ancl etter Hour ary ys of rier nal snc con ros ny renbaraie eeeree a "ot abso, ssburerins agaist mati mistatroatO Vfioe ‘Tm Aocouring Oca has eeved the nunlapaly's cach fou ferecato ve period te 30 Jur 2020 ann hop thie tedew and th eure inn portion, hole assed tha te urge hae Raw aos oie "eaouces continue In operainal ate the treacle ‘The munity whol dapendent onthe incom om sane. rales ane gras or oerued Kanding of operation. ‘Tat annua fancilsstronls ae eepared on the bas Ut fo manly Ise gg cones anc haa Rene uma Loca Murky hes nether stern ne the nee igudals or eur medal te salah a ‘Tne annual nana sotemente set ton pages? fo G4, whch have been prepare ch the pong éencem bole, wor ‘spproved by tha Acccunlng Otero 3) Agua 7018 |crtly nat salaries shmareae an tenes of Couns as cose nob oftesr snl tacit attends rawinin the uppr is of he amavorh crfaoged sy Section 249 of ho Coreen, tesd win the Recateet ete Fuble offer Besovs al (201880) an In Niner Cooparebia Gavernance and Tsatonal Aine ere secure wih i Ae ——— “Accounting Ofcer Mee Snobs 30 August 2010 Alfred Duma Local Municipality {Registre number 4711255) ‘Arr Fane Stomarts fr he Yeor sed 39 June 2018 Statement of Financial Position Fins ena Tee Bie Fer Resa Aacote Curent Aesete Inventanse 6 yesmen = Hana Receivables tom Exchange Terasctone 6 wanns7i2 anne set ecaivable from Nor ExshangeTiatunctiens w yanaen 1g ase a4 VAT Resenete 5 8.324208 45.259200 sh and Se Fe Natt 8 smaciesy _nsoeaar7 e708 Eon 8299 Non-Curent Arects Property, Pant and Equipment ° secsaz2 ass Intangiae Ansete 0 2.050 4 Investment Property v ya7sevesa 249 950157 Hertage Asse » 2186025 eraats esvvele rm Exorange Tareas 4 5355, +1280 FC Es EOE TES Total Aaseta PLCS Eo PEELE Gurrnt Listes Consumer Deposits a -aavaizn 6400282 Free one 4 S260? 2 rkeatg Reine Bowe igen . 2776389 passse Tradeend thar Poyabise 5 ye 138201184658 135 [Unspent Coraitonl Grants and Resets 7 65 522 648 sm 6 Carer Perio of Langa Lean 2 22 124 Brora ps aa 8298 on-Currant Liabilities Longer Loans 2 estat40 s-oart Provisions 2 reze08" so bmase Retrerrex Banetl Cbigeion 5 5551638 25533910 7035576 EEE “otal Listiniee Tae” eee ae Nek Assete PETTY ETE Nt Arcot uncial Hous ng Cursing Aeount 4 saoss247 moana Acute Sup 2acooes-29 250 asseer “Total Net Acme 2a7ken De 2411 det Alfred Duma Local Muntelpallty ‘Regt mer KZN) Jha! Shania Seam er tera yea 50 ue 2019 Statement of Financial Performance Tigizes 8 Rane Wem E18 aie Revenue from nonsichange lsnasetons Prope Setze a tecrszesr —wasanove Property Sates- Pros npases a 220n2 sat A726 758 Fes 2 went ort 9220370 Lear ans Permit 2 550482 [Spretrment Grark wn Salas os om 76.283 “Tova evenue Rom non-xchange transaction’ aor eiser2 Revenue rom erchangstanexeine Bares Chames = sevens ssasv0re Frtl of Felis a Eeupmert a e280 2o7oTse ror Recs) Dan! veers en her a 14706166 vazeee ror oie -Ouetanang Heceimbae 2 sts 4s 2647 08 Oe ere 29 rea 2608-38 ‘eta revere tom cxabange tansoctione awerey Bes ara ‘otal Revenue ee ESC Exponatare rope Reed Cesta 0 vosuaser —2a5001580 Rernuneaton of ounces a aoxcero 24350028 Bee Data nparvert 2 T0982 942 5505753 Dereon and rrtien Tepe 5 vez one 25365253 France os a wise o246 Bulk Pachasee #6 ae rsrs —zopasi ies Caries Santeee 2 wr e61 741 ar4ae 92 ‘ceneal Epereee a sstroria ua ran ‘oval Expert aD anS ATO ear tee Opening Supt (DenaIg asi ea apa Guns) an saascacal of esses yess 20006 Cala Le) on faite ert 00: 1 coma Cain Les) on abil valor Perr sare Inverts: (Wr sen) ere! net eotoaso vale 210 63 mass (impair sn Less Several et perma oe “aan wee seme a site roe Surpass (Done or ho pork! Alfred Duma Local Municipality Gains Nimes ess Statement of Changes In Net Assets peston aes rena 29 ng Uses rear cem Fenn Feeishe fea Ne-etsge Teast Fam rea) ‘oper Pat ard Eanes Proper Pastore Enspmert ned. rope tare spar. Caney ete ropes Sonar Eaubmart Ober ori ergs Ae en pring tains att at Jy 2097 esas anc att aly 208| Toa aap 2S wes — Ta at Se Sige rear Sime“ Hate ‘hee ral ni Coy Aa FL esa sesneer Aifred Duma Loca! Municipality (Pagictation Nur K2Nzs6) Denial arelsl Siemens orthe yee ended 30 re 2018 Cash Flow Statement Fguesi: Rane Koa Ea ae Remand (cach lows from operating action Receipts Sie 7 goee ond eanioes sseser wes 80 54: 459 rane are sevaso — s2aasseni treat Received -Est-nat Invetmenis and Other a res 186 320 458 rarest Rein - Outstziss Reoehablen 208778 ‘997 640 the recaps 434° 603 362872 en oss soso ers Payments Lmployee costs 21969 8/0 -78a.200364 Supoire sar ani dod 434256276 Iniaest oak 7156 515.205 maeee FeO Net cash Roms from operating actives a Tami ae (cant Nowa tom investing actives Purchase of pagers, plort and aquioment -usoee ea Togas 198 Purchase ot regia ascot 96 00 1438 Proceeds om dlapoael of assets 275820 Not cath flea trom investing activites ae ee Cash Hows from hancing action sna asad 79.009 onan Net eaah owe frm financing acSvitler CT 1 ERE Not increasaF(deetease) in cash and cash oquivalonts ar mas 155 sa0neo7s ‘Ganh and cath eguivalonts ae begins fhe ya 2rsos 977 persuysaa Cash and cash equlvalonts at the end ofthe year 1” ‘02490 582 as06s 377 ‘WUROUTY TENISY HUE TSEPNE Jo LOS TETUIED Jo WALISIS ‘Aunedioiun reac eung paary Alfred Duma Local Municipality (Registation Number KZN 238) Prana Stalamerts erie inanca ye sve 80. 2019 Accounting Policies 1. Prosontation of Arma Finance Statements {Baris of Peegentaton “The anual ‘aaneal alatamers have been pou n acortores wih the Stands of Garealy Recansee ‘ctrl Presi (GRA), ned eny Plein ar echo ued by Wo Aecout'g tends boar :ASByin qeeo os wn Sein 122 of he Mur cl nates Monegan, (Rt Na 6S CT Z005) “The soma nce temas have bee prepa on an exer! tsi of accounting an an sczondencs Wh Fisiraa cot convertore sath bese ofa teat, lose eps edoue vine Asurma Ie alga eooo.ring poten, whith have Baan cendtenty agp n hs ereparsin tes fmol are aren, ‘sets feiee revenue end expanses "ave ret oxen ost att when lung I equa & armies iy ‘Sandan RAP 112 Preontaion Cureney “Tregeennua fans adsrents are proented 8 S9ub Alcan Rad, which isthe tunctonst currency of he rrustielty 4.3 Going Concer Amsuimpion “rece one final fatararts have bow elapared on cho 2ssursten tha: xe Tur cipal wil rorsnue opera ova gelng cote fr tleastie nt Tere +14 Gormparawe information Bueyelinornsn n scones with GRAP 1 and 2,“ boa pt dle Satomant o* Compson or Bust ven the prsanta.oy or sessiiala* ol came inthe foal siemens s amaneed, eer pws cempatatys ltuowrls ae loed, The seine odessa fa theadarsfowion darlene. here seccultry ore have sean (Gorinea nara surtoreyoar, tie oven le made rofospe-el as ar ae precicahle Sd Ine por Yer (Senparsties are rated ctu. Vinee ra hc boen 9 sige nsec pay rte cma oa, fe Shue rate roca cer ee Peck, wh te Seen baka hae te id Sez 2. unicigal Haveing Operating Account fox HOF) “Tre Murs Ho.sg Operating Account (ex lung Uevelopmiont Fue was esabisner me 3 tw Van Aer eet t 10 of 290), Loan fam nation an Povndal goeamrent used ange housing sling sehr ihdsate ty he Huncaly were egulshed on? Apr 1360 ax! (antorad "oa Houshg Deogant Fund Teueng sei seremes, Retr complete and In russe asa Api 388, ete eso fa shared Ie Meus boeveotnent Fund. In bins © me Hover Aaa roosts om ba-etig Sastopr em, widhitte Tee Trea ard sales of vere raat be padi the Hovtng Developers rund, Monge seaneig Io tre =e of te Nucng Dovlopnent ed can ta uted only 9 faces hous Sevwoomerte wir Pe rer csi 8.169 the approval of he Precio! IEC "espana ee Pus. ne etcglty has Sein-rance Teter to eat exe sacs o fet poor losses oles st cannes ncurdferanaly towets faynant).Premume afe ergot be respesive go}, ating a atco-tt laine hei and "wlscsnen voles af tre reued sek Te celanoa oe sellraurance re ringserced ‘ebin ra sctumulved Suse