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KHAI-MA MUNICIPALITY AUDITED FINANCIAL STATEMENTS. FINANCIAL STATEMENTS 30 JUNE 2019 KHAI-MA MUNICIPALITY General Information Approval of the Financial Statements Report of the Auditor General Statement of Financial Position Statement of Financial Performance Slalement of Changes In Net Assets, Cash Flow Statement Statement of Comparison of Budget and Actual Amounts - Statement of Financial Position ‘Statement of Comparison of Budget and Actual Amounts - Statement of Financial Performance ‘Statement of Comparison of Sudgot and Actual Amounts - Cash Flow Statement ‘Accounting Policies Notes to the Financial Statements APPENDICES A. Schedule of External Loans 8 Segmental Statement of Financial Performance - GFS Classifications © Segmental Statement of Financial Performance - Municipal Votes ‘Segmental Analysis of Property, Plant and Equipment « GES D Classifications Disclosure of Grants and Subsidies In Terms of Section 123 of MFRAA, 58 of 2003 Appropriation Statements 12-60 81-91 97-105 KHAI-MA MUNICIPALITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019, GENERAL INFORMATION NATURE OF BUSINESS Taos | MeMebality is local munispalrype-orming te unsiens as st oan the Consliien. Get no 108 of 1298; ‘COUNTRY OF ORIGIN AND LEGAL FORM South stisan Gategany Bn or a4; aly {Local Munispaity) as esfned by te Nuniopel Struckras Ack. (As: ne 41? JURISEICTION ‘The Khia W unis oat intudes tne 3 as of Potadder,Aggeney Poi ord Onseepkns EXECUTIVE MAYOR Pen Haste MUNICIPAL MANAGER CHIEF FINANCIAL OFFICER, PU yan der Vonve REGISTERED OFFICE P.O, Box 100 ofa: 5509 aupiTors OMe of ne Audie Ceneral Previrce PRINCIPLE BANKERS Tho Stsncara Rank at 8 Ls Pager KHAI-MA MUNICIPALITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019 GENERAL INFORMATION ATTORNEYS Ya dr Mere ng RELEVANT LEGISLATION Basi Gondtions of Employmert eter r9 75 of 1807} ollowive Agraenicnia Sivision of Revenue A: rset Act yet na 4° 361367) Employment Squty Act (Act no $3 of Housing ct (ace no 107 ef 125) iitsaisturs Grats ‘un psi Budgst and Rapoting Rgtations Nunlcoal Finenes Venagareent A: fc no 38 ¢* 2098) Dniepal Pleing ana Perfomrsies Mar ageme“t egulations iduricip taper Rates Ax (Act no 6 0 2008) Nun cipal Regulators on Stare Chet of eseounte onicz01 Siuctures As ‘Act no 117 cf 1928) Muricipal Systems Aol (etre 32 oF 20002 ‘Muripa’Systens Arrenemartc (Bet ro 7 9f2541) S81BS Leave Reguiaons Skis Development Levies Act ctr & et 102% Supa'y Chain Management Raglaion, 2098 The Income Tax fet Unemp oxen insurance Aol et ra 30 oF 1256) Vaiss Adve Tar Ae ws et eta 108 of 1297), 08 MEMBERS OF THE KHALIA MUNICIPALITY war COUNCILLOR 4 3 Jesop 2 F Chests 3 PA van Haan 4 SQursy Propotiane 3 Brant Prepertenal Avan ise Properianal Sap KHAI-MA MUNICIPALITY APPROVAL OF FINANCIAL STATEMENTS Ths sonal Ghenlal spsneris avs been preparea i acsoaarse with Stanarss of Cenerly Fecomiad Aaroundiy Pactes (GRAM, ncn ary Meparens, anes nee dvscoon ood be Ascovnag Santee Bese ‘os sual thal stasis a8 cae upcn aap Sealing pce crater weplsd end ‘Supsonedby storable an user jess oebrstes ‘rowedge out | wm umes reporce orthe yee of ran! nacional sed tele "ys ofa cans proves emanac aasanes thane Manca facade ong ach ‘have rvswes th nly ath recast re yao 82 Je 220 ane ar aie hal he "until co conin.sin oseatonl stance rhe faecal Rite, he enevel sullo- ao ratpon bl for decencenyrevktirg an vepoing on the Muricipitys | ea et he reranesioy of Couretats nd ind bavefs ae win te uppet ite f the fromensik evssges in Socten 2°92 tra Corailiian ta Ni the Rares o Felker Bearers Aa at the mn 2! Preise Local Gaerrents ezcnminaon i aeanes nth he Dyosee c7 e gong concem bass end te mur patty hae uid or oeliataily oa ase he mural 3) west AY that Monger ms oages KHALMA MUNICIPALITY STATEMENT OF FINANCIAL POSITION AT 20 JUNE 2019, Notes ante 2018 ® R assers on. Current Assete saiowsrr —_t700rse7 Property tent and =qussment 2 [wrsease | 1itecr sar Irvosarent Propary 3 40 373 oie Inanghhe sete 4 105 42 2a 52 Current Assets 12250 125 pass a bveniony 6 er a3 601 Receluslos For Exetsnge Irensactions 7 228 85 2570 543 Recewstios fom Non-exsnye Tensscins 8 4 ge 989 3 401 Tae oo 460432 4348731 (Coen and Cash Eau A er 5210 Total ssote iat 125 800695 NET ASSETS AND LIABILITIES Non-Curent Liaies 20405199 18390904 Long term Banning of Nancirent Breve " sauces Non sent Estos Beis 2 Seer te | Curent Listilties 2878 808 ‘consume Ceposte 9 7e59 Prevent " se ieess Crront ployee Benefits “ 2455073, Trece and Orsr =syabine fom Zachuange Vranastone 5 23585 006 Unspent Tanefere and Subse: 6 3218 609 Dpsrshag Lessa Ly 5 fos 84 Curent orion ef Langer Horeca 0 ECs Total Lisbittios verresss a7 e10707 Net Assets se4itas7 sanes Housing Development Fort 2 > evatation tetsne 0 zessseo7 || 2a 1zo38 Securiatee Supls eil) zrazeae0 || 39775550, Total Net Assets and Liabilities ~aToiie2 tao eeuese Page KHALI MUNICIPALITY STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2019 ote a soi z Hi REVENUE oven fom Nomexchange Tsactone sems7 —_sxtosox Taraon Rovenoe 5308480 ores pay Rate » ee Es] Warsor Revenue Se o06 762 [| —seonr ass Gevnment iss an usin a | wor ]|| aan Senso Soe Fee J wee Omer Rovense a0 Tori sse ‘Actual 12 reaoo12 ||| 2e8an Seto Charges a peed ataae “ron Pontes nae Ss ie “tres Eames henangeTansoors win worst Onurston Rave Pa anes ||| attra Revera fom Exchange Transsetone 1eomIm eae Sone Sree x [aswel eas So fac are ingofseresa i ce forts hn Feat nso Fs aie Inet exes eel eens z isan Ie eamel- Bangs Tso a ae 19 toes and Soe 2 bees downey Smee tl Soeton Rovense 2» 308 Total Revenue 65 096 16: exPenorrune Enviro rae Se ee Simin fenSoates 5 asin “Beets Soeoce 2 faces Beetain “andor = epee Sie ne fee 2 ‘i ‘38 fiat doce a ele) pansy Bacreoes % sess, Baaann “very Coneumee : “soe | esa Operon * a ee Total Sependtue Tienes | —eeare perming SupueOeFe ote Year Ta aa Ices rtesowpmenaae “tte done tel Rett ie : 009 ReisscolimosineLossttipsentos-eewaties welet ees mn GanssinsonSse Feed see & ee fin or Laveen 3 was nage) NET SURPLUSIDEFICIT) FOR THE YEAR (S984) Toss 70 ete a - as tat (aa wes ed ao oeesreus —ovesueor sts yter a ~ Er (ees 200) za eae or 7 = ~ tb za Bee 28 : menor oar 7 viseos és eeviesez —_igozecee oo eouryeg pereysoy ewe teste) ‘sso Ob BD eon 40g 10 Wenoszes ses zu80r = epzcae gah ok 402 Aine | 78 eaueyeg ¥ 4 u on onraeeu uonenjerey — quaurdotonaa Burenor, 5}02 SNP Of GSGNA UVaA 3HL YO SASSY _13N NI SIONVHD 4O INSWSLVIS ALITWAIoINAW vin-TwHD KHALMA MUNICIPALITY (CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2019 2019 2018 Notes R R ‘CASH FLOW FROM OPERATING ACTIVITIES si receprs Taxation S307 709 3988 190 Serves Charges 12852078, Gtre: Revenue 2756179 Government - Onerating 13873 785 Goverment - Capa 4322900 2a 48) ash asyrents Supolirs and Empleyees (3.866 125) (a1 198 656) Finance Charges 11879. (1382 839 Transfers and Grants Net Cash from Operating Activities a 13838782 9703 586 ‘ASH FLOW FROM INVESTING ACTIVITIES —_ Purchase of Propery, Plantand Equipment (3546457 5.416784) Purchass ef Iniangit Assets (2787) 128 256), Net Cash trom Investing Activities (3 669 224) (15 443 022) ‘CASH FLOW FROM FINANCING ACTIVITIES InereaseiiDestease} n Concumer Deposits Ropaymen: cf 3o"evarg Not Cash from Financing Activities NET INCREASE/(DECREASE] IN CASH AND GASH EQUIVALENTS Casa and Gash =quivaients 2 te begining of he yase 833210 aah ard Cash Equvaiens al ina end el the year 4“ +193 999 NET INCREASE//DECREASE) IN CASH AND CASH EQUIVALENTS 260760 (565407) Pages