Entire Document - Chris Hani District Municipality

13. LONG-TERM RECEIVABLES
Long-term Receivables of R0 at 30 June 2009 (30 June 2008: R7 695) is made up as follows:
R
Officials: Car Loans 7 695
7 695
Less: Short-term portion included in Current Assets 7 695
-
Refer to Note 8 for more detail.
14. CURRENT ASSETS
Current Assets amounted R287 350 454 as at 30 June 2009 (30 June 2008: R271 361 607) and is made up as
follows:
R
Other Debtors Note 2 24 395 431
VAT Receivable Note 3 8 181 691
Bank Balances and Cash Note 4 254 765 637
Current Portion of Long-term Debtors Note 8 7 695
287 350 454
Refer to the indicated Notes for more detail.
15. INTER-GOVERNMENTAL GRANTS
The municipality is dependent on financial aid from other government spheres to finance its annual capital programme.
Operating grants are utilised to finance indigent assistance and provision of free basic services.
Refer to Notes 10 and 27, and Appendix “F” for more detail.
16. EVENTS AFTER THE REPORTING DATE
Full details of all known events, if any, after the reporting date are disclosed in Note 57.
17. GENERAL RECOGNISED ACCOUNTING PRACTICE (GRAP)
In order to adhere to principles and procedures prescribed by law and the directions of National Treasury, the Annual
Financial Statements have been converted to the new reporting GRAP-format.
18. EXPRESSION OF APPRECIATION
We are grateful to the Executive Mayor, members of the Mayoral Committee, Councillors, the Municipal Manager and
Heads of Departments for the support extended during the financial year. A special word of thanks to all staff in the
Finance Department, for without their assistance these Annual Financial Statements would not have been possible.
CHIEF FINANCIAL OFFICER (Acting)
31 August 2009
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