Entire Document - Chris Hani District Municipality

3.8 STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2009
Budget
Actual
2008 2009 Note 2009 2008
R R R R
REVENUE
5 500 000 - Service Charges 19 - -
72 000 72 000 Rental of Facilities and Equipment 18 101 312 68 941
8 000 000 3 300 000 Interest Earned - External Investments 19 25 340 104 9 896 474
100 000 11 224 Interest Earned - Outstanding Debtors 19 - -
440 497 180 457 737 130 Government Grants and Subsidies Received 20 441 845 289 450 543 600
170 000 150 000 Other Income 21 1 266 415 349 653
- - Gains on Disposal of Property, Plant and
357 655 -
Equipment
454 339 180 461 270 354 Total Revenue 468 910 776 460 858 668
EXPENDITURE
67 067 596 71 270 545 Employee Related Costs 22 66 219 846 68 298 679
4 607 265 5 277 771 Remuneration of Councillors 23 4 991 222 4 626 095
220 000 572 209 Collection Costs - 6 679
3 084 800 3 084 800 Depreciation and Amortisation 24 - 4 733 308
- - Impairment Losses 25 13 573 358 1 439 981
1 695 034 35 535 851 Repairs and Maintenance 17 249 671 988 916
481 000 471 291 Finance Costs 26 486 536 831 894
256 050 5 962 569 Contracted Services 27 5 386 419 63 444
279 731 363 249 005 146 Grants and Subsidies Paid 28 253 699 691 269 536 225
97 196 072 90 090 172 General Expenses 29 75 855 420 109 760 043
- - Loss on Disposal of Property, Plant and
17 939 19 559
Equipment
454 339 180 61 270 354 Total Expenditure 437 480 101 460 304 823
- - SURPLUS/(DEFICIT) FOR THE YEAR 31 430 675 553 845
Refer to Appendix E(1) for explanation of budget variances
The prior year’s comparative figures for both Revenue and Expenditure Items have been restated due to the
recording of changes in Accounting Policies and corrections of error. Please refer to notes 31.4 and 32 for detail of
the restatements mentioned.
The prior year’s comparative figure for Government Grants and Subsidies Received has been restated by an amount
of R1 175 893 as a result of the reversal of IAS 20 implemented during 2007/2008. Please refer to Note 31.4 for
detail of the restatement.
The prior year figure of Employee Related Costs has been restated with an amount of R2 709 555 to correctly record
the expenditure incurred by the municipality in terms of IAS 19. Please refer to Note 31.4 for detail of the restatement.
The prior year figure of General Expenses has been restated with an amount of R9 904 to correctly record the
expenditure incurred by the municipality in terms of GRAP 13. Please refer to Note 31.4 for detail of the restatement.
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