Entire Document - Chris Hani District Municipality

CHRIS HANI DISTRICT MUNICIPALITYNOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 201257. COMPARISON WITH THE BUDGET (Continued)30 June 2012Original Budget Final Actual Unauthorised Actual Outcome Actual OutcomeDescription Total Virement Variance as % of as % ofBudget Adjustments Budget Outcome Expenditure Final Budget Original BudgetR R R R R R R R RFINANCIAL POSITIONCurrent AssetsInventory - - - - 797 303 - 797 303 0.00 0.00Receivables from Exchange Transactions - - - - (0) - (0) 0.00 0.00Receivables from Non-exchange Transactions - - - - 105 529 455 - 105 529 455 0.00 0.00VAT Receivable - - - - 16 436 009 - 16 436 009 0.00 0.00Bank, Cash and Cash Equivalents 287 000 000 - - 287 000 000 297 954 043 - 10 954 043 103,82 103,82Operating Lease Assets - - - - - - - 0.00 0.00Current Portion of Long-term Receivables 12 500 - - 12 500 - - (12 500) 0.00 0.00Non-Current AssetsProperty, Plant and Equipment 412 876 800 - - 412 876 800 2 749 719 695 - 2 336 842 895 665,99 665,99Intangible Assets - - - - 440 886 - 440 886 0.00 0.00Investment Property - - - - - - - 0.00 0.00Non-current Investments - - - - - - - 0.00 0.00Total Assets 699 889 300 - - 699 889 300 3 170 877 391 - 2 470 988 091 453,05 453,05Current LiabilitiesProvisions - - - - 2 755 901 - 2 755 901 0.00 0.00Payables 169 013 630 - - 169 013 630 29 571 181 - (139 442 449) 17,50 17,50Unspent Conditional Grants and Receipts 288 581 381 - - 288 581 381 102 799 613 - (185 781 768) 35,62 35,62Operating Lease Liabilities/Payables - - - - 64 458 - 64 458 0.00 0.00Current Portion of Long-term Liabilities 518 666 - - 518 666 1 129 631 - 610 965 217,80 217,80Non-Current LiabilitiesLong-term Liabilities - - - - 4 424 076 - 4 424 076 0.00 0.00Retirement Benefit Liabilities 21 346 328 - - 21 346 328 25 147 550 - 3 801 222 117,81 117,81Non-current Provisions - - - - 3 326 322 - 3 326 322 0.00 0.00Total Liabilities 479 460 005 - - 479 460 005 169 218 733 - (310 241 272) 35,29 35,29Total Assets and Liabilities 220 429 295 - - 220 429 295 3 001 658 658 - 2 781 229 363 1 361,73 1 361,73Net Assets (Equity)Accumulated Surplus / (Deficit) 220 429 295 - - 220 429 295 3 001 658 658 - 2 781 229 363 1 361,73 1 361,73Total Net Assets 220 429 295 - - 220 429 295 3 001 658 658 - 2 781 229 363 1 361,73 1 361,73- - - - - - -Chapter 4217