Sept Dec March June Sept Dec March June Sept Dec March June
Equitable Share Nat Treasury 30 664 000 24 530 000 18 397 000 0 30 664 000 24 530 000 18 397 000 0 0 0 0 20 188 000 DWAF/EPWP N/A
FMG Nat Treasury 1 550 000 0 0 0 161 339 252 954 829 101 306 606 0 0 0 0 N/A N/A
NDPG Nat Treasury 0 0 0 0 0 0 0 0 0 0 0 0 N/A N/A
MIG Projects MIG 8 264 000 22 213 000 21 894 000 0 9 590 781 18 622 069 10 109 573 26 402 587 0 0 0 83 600 000 Non-spending N/A
Bulk Infrastructure Grant DWAF 0 1 660 333 4 516 004 152 165 0 1 660 333 4 516 004 152 165 0 0 0 0 N/A N/A
DWAF O & M DWAF 3 500 000 3 000 000 0 0 0 0 3 584 105 2 319 824 0 0 0 0 Non-spending N/A
DME Projects DME 2 000 000 0 0 0 0 2 000 000 0 0 0 0 0 0 N/A N/A
MSIG DPLG 890 000 0 0 0 120 000 84 100 88 935 271 026 0 0 0 0 N/A N/A
EPWP Incentive Grant Province 400 000 300 000 300 000 0 215 572 163 326 630 436 213 850 0 0 0 0 Non-spending N/A
Municipal Water Infrastructure GrantProvince 3 543 000 3 543 000
Total Grants and Subsidies Received 50 811 000 51 703 333 45 107 004 152 165 40 751 693 50 855 783 38 155 153 29 666 058 0 0 0 #########
Name of Organ of State or Municipal Entity
Reason for Delay / Withholding
of Funds
Reason for Non- compliance
Name of Grant Quarterly Receipts Quarterly Expenditure Grants and Subsidies Delayed / Withheld
Rat
io Formula Norm / Range Input Description
2014 2013
1. FINANCIAL POSITION A. Asset Management / Utilisation 1. Capital Expenditure to Total
Expenditure
Total Capital Expenditure / Total Expenditure (Total Operating Expenditure
10% - 20% 0 (0)
Total Operating Expenditure 296 009 145 264 920 873 Taxation Expense - - Total Capital Expenditure 603 320 (3 995 234)
2. Impairment of Property, Plant and Equipment, Investment Property and
Property, Plant and Equipment + Investment Property + Intangible Assets
0% 0 -
PPE, Investment Property & Intangible Impairment 14 554 - PPE at Carrying Value 937 496 943 897 774 028 IP at Carrying Value 661 000 661 000 Intangible Assets at Carrying Value 657 844 865 236
3. Repairs and Maintenance as a % of Property, Plant and Equipment and
Total Repairs and Maintenance Expenditure / Property, Plant and
8% 0 0
Total Repairs and Maintenance Expenditure 28 294 786 21 119 447 PPE at Carrying Value 937 496 943 897 774 028 Investment Property at Carrying Value 661 000 661 000 B. Debtors Management
1. Collection Rate (Gross Debtors Closing Balance + Billed
Revenue - Gross Debtors Opening
95% 1 1
Gross Debtors Closing Balance 58 236 299 49 055 123 Gross Debtors Opening Balance 49 055 123 38 032 020 Bad Debts Written-off - -
Billed Revenue 118 993 521 111 097 884
2. Bad Debts Written-off as % of Provision for Bad Debt
Bad Debts Written-off / Provision for Bad Debts x 100
100% - -
Consumer Debtors Bad Debts Written-off - - Consumer Debtors Current Bad Debt Provision 4 176 342 9 947 636
3. Net Debtors Days ((Gross Debtors - Bad Debt Provision) / Actual Billed Revenue)) × 365
30 Days 63 51
Gross Debtors 58 236 299 49 055 123
Bad Debts Provision 37 766 304 33 589 962
Billed Revenue 118 993 521 111 097 884
C. Liquidity Management 1. Cash / Cost Coverage Ratio
(Excluding Unspent Conditional
((Cash and Cash Equivalents - Unspent Conditional Grants - Overdraft) + Short-
1 - 3 Months 0 (0)
Cash and Cash Equivalents 14 954 566 19 893 500 Unspent Conditional Grants 6 811 257 22 694 232 Overdraft - - Short-term Investments - - Total Annual Operational Expenditure 249 626 896 213 698 618
2. Current Ratio Current Assets / Current Liabilities 1.5 - 2:1 2 1
Current Assets 65 701 575 73 893 147
Current Liabilities 40 463 275 55 608 968 Data Inputs and Results
Rat
io Formula Norm / Range Input Description
2014 2013
Data Inputs and Results
C. Liability Management 1. Capital Cost (Interest Paid and
Redemption) as a % of Total
Capital Cost (Interest Paid and Redemption) / Total Operating
6% - 8% 0 0
Interest Paid 2 651 878 3 581 135
Redemption (2 315 736) (3 120 747)
Total Operating Expenditure 296 009 145 264 920 873 Taxation Expense - -
2. Debt (Total Borrowings) / Revenue (Overdraft + Current Finance Lease Obligation + Non-
current Finance Lease Obligation + Short-term 45% 0 -
Total Debt 28 097 187 - Total Operating Revenue 342 007 636 - Operational Conditional Grants 90 865 884 71 189 258 C. Sustainability
1. Level of Cash Backed Reserves (Net Assets - Accumulated Surplus)
(Cash and Cash Equivalents - Bank Overdraft + Short-term Investment + Long-
100% 1 1
Cash and Cash Equivalents 14 954 566 19 893 500 Bank Overdraft - - Short Term Investment - - Long Term Investment - -
Unspent Grants 6 811 257 22 694 232
Net Assets 908 491 624 862 994 634
Share Premium - - Share Capital - - Revaluation Reserve - - Fair Value Adjustment Reserve - -
Accumulated Surplus 908 491 624 862 994 634
2. FINANCIAL PERFORMANCE A. Efficiency
1. Net Operating Surplus Margin (Total Operating Revenue - Total Operating Expenditure) / Total Operating
= or > 0% 0 0
Total Operating Revenue 341 788 446 279 382 971 Depreciation - Revalued Portion - - Total Operating Expenditure 295 985 593 262 672 524 Taxation Expense - -
2. Net Surplus / Deficit Electricity Total Electricity Revenue less Total Electricity Expenditure /Total Electricity
0% - 15% 0 0
Total Electricity Revenue 105 831 260 96 020 084 Total Electricity Expenditure 73 344 551 80 816 485
3. Net Surplus / Deficit Water Total Water Revenue less Total Water Expenditure/Total Water Revenue × 100
= or > 0% 1 0
Total Water Revenue 92 172 032 68 491 116 Total Water Expenditure 45 599 697 40 698 508
4. Net Surplus / Deficit Refuse Total Refuse Revenue less Total Refuse Expenditure/Total Refuse Revenue × 100
= or > 0% 1 1
Total Refuse Revenue 1 830 2 982 Total Refuse Expenditure - -
5. Net Surplus / Deficit Sanitation and Waste Water
Total Sanitation and Waste Water Revenue less Total
Sanitation and Waste Water Expenditure/Total = or > 0% 1 0
Total Sanitation and Waste Water Revenue 64 539 836 37 262 847 Total Sanitation and Waste Water Expenditure 27 785 851 25 693 494
Rat
io Formula Norm / Range Input Description
2014 2013
Data Inputs and Results
B. Distribution Losses 1. Electricity Distribution Losses
(Percentage)
((Number of Electricity Units Purchased and/or
Generated - Number of Units Sold) / Number of 7% - 10% 0 0
Number of Units Purchased and/or Generated 197 396 272 199 277 489
Number of Units Sold 179 039 553 176 427 122
2. Water Distribution Losses (Percentage)
((Number of Kilolitres Water Purchased or Purified -
Number of Kilolitres Water Sold) / Number of Kilolitres 15% - 30% 0 0
Number of Kilolitres Purchased and/or Purified 7 801 977 9 163 144 Number of Kilolitres Sold 6 308 782 7 142 545 C. Revenue Management
1. Growth in Number of Active Consumer Accounts
((Period under Review's Number of Active Debtor
Accounts - Previous Period's Number of Active Debtor None (0) (0)
Number of Active Debtors Accounts (Previous) 32 154 39 721 Number of Active Debtors Accounts (Current) 27 870 32 154
2. Revenue Growth (%) ((Period under Review's Total Revenue - Previous Period's Total Revenue) /
= CPI 0 0
CPI 0 0
Total Revenue (Previous) 280 430 679 252 233 535 Total Revenue (Current) 342 007 636 280 430 679
3. Revenue Growth (%) - Excluding Capital Grants
((Period under Review's Total Revenue, excluding
Capital Grants - Previous Period's Total Revenue, = CPI 0 0
CPI 0 0
Total Revenue, excluding Capital Grants (Previous) 199 250 099 172 997 645 Total Revenue, excluding Capital Grants (Current) 257 628 032 199 250 099 D. Expenditure Management
1. Creditors Payment Period (Trade Creditors)
(Trade Creditors Outstanding / Credit Purchases (Operating and Capital)) × 365
30 Days 24 30
Trade Creditors 16 465 705 16 553 584
Contracted Services - - Repairs and Maintenance 28 294 786 21 119 447
General Expenses 82 117 410 69 828 044
Bulk Purchases 54 784 014 53 847 495
Capital Credit Purchases 82 894 325 57 927 468
2. Irregular, Fruitless & Wasteful and Unauthorised Expenditure / Total
((Irregular, Fruitless & Wasteful and Unauthorised Expenditure) / Total
0% 0 0
Irregular, Fruitless & Wasteful and Unauthorised Expenditure 8 183 613 16 162 189 Total Operating Expenditure 296 009 145 264 920 873 Taxation Expense - -
3. Remuneration as % of Total Operating Expenditure
(Remuneration (Employee Related Costs and Councillors' Remuneration) / Total
25% - 40% 0 0
Employee / Personnel Related Cost 74 606 633 57 823 623 Councillors Remuneration 6 743 473 6 418 885 Total Operating Expenditure 296 009 145 264 920 873 Taxation Expense - -
4. Contracted Services % of Total Operating Expenditure
(Contracted Services / Total Operating Expenditure) x 100
2% - 5% - -
Contracted Services - - Total Operating Expenditure 296 009 145 264 920 873 Taxation Expense - -