Mr LJ Mahlangu - Municipal Demarcation Board
Mr LJ Mahlangu - Municipal Demarcation Board
Mr LJ Mahlangu - Municipal Demarcation Board
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2012 2011<br />
27. IRREGULAR EXPENDITURE<br />
R’000 R’000<br />
Opening balance 726 73<br />
Irregular expenditure 628 726<br />
Irregular expenditure condoned (1,149) (73)<br />
Closing balance 205 726<br />
28. CONTINGENT ASSETS<br />
MATTER<br />
FURTHER FINANCIAL<br />
EXPOSURE<br />
R’000 DETAILS<br />
EN Shabalala / MDB 5 • approximate further costs of Johannesburg<br />
correspondent, sheriff and MacRoberts for<br />
warrant of execution in respect of awarded<br />
costs issued by the court in Johannesburg<br />
and served by the sheriff on the applicant; attendances<br />
to obtain payment of taxed costs<br />
from applicant<br />
M Adoons & others / MDB &<br />
others<br />
Matjhabeng Local <strong>Municipal</strong>ity<br />
/ MDB & others<br />
71 MUNICIPAL DEMARCATION BOARD - Annual Report 2012<br />
1 • final invoice of MacRobert Incorporated dated<br />
22 March 2012<br />
30 • approximate Bloemfontein correspondent's final<br />
invoice for period 14.04.2011 to date<br />
29. SURPLUS FUNDS<br />
In terms of PFMA, all surplus funds at the reporting date need to be surrendered to National Treasury.<br />
Approval has been obtained from National Treasury to retain the prior year surplus funds. The current<br />
total accumulated funds as at 31 March 2012 is R20 245 000.<br />
30. EVENTS AFTER REPORTING DATE<br />
The <strong>Board</strong> is not aware of any matters that arose after the reporting date that requires adjustment to<br />
the financial statement or additional disclosure.<br />
31. INCOME TAX EXEMPTION<br />
The <strong>Board</strong> is currently exempt from tax in terms of section 10(1) (CA) (i) of the Income Tax Act No 58<br />
of 1962.
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