WC053 Beaufort West AFS 2018-19 audited

4.3 MB·English

Beaufort West

MUNICIPALITY

ANNUAL
FINANCIAL STATEMENTS

30 JUNE 2019

[Thacs financial sttements have nol bean aude)
BEAUFORT WEST LOCAL MUNICIPALITY

Index

Ganeral Information 1

Approval of the Hrencial Statements
Statement of Financial Position

SStalemant of Changes In Net Assets
Cash Flow Statement

Statement of Comparison of Budgel and Actual Amounts - Statement of

Financial Postion ?
Statement ot Comparison of Budge! and Actual Amounts - Statement of

Financial Performance a

2
3
Statement of Financial Performance 4
8
8

Staloment of Compariscm of Budget and Actual Amaunts - Cash Flow
Statement e

Accounting Policies 10-49
Notes ta the Financial Staments 50-105

APPENDICES.

A Schedule of Exlemel Loan 106-107

Segmental Statament of Financial Performance -GFS Classifications 108
Segmental Statement af Financial Performance - Munic;pal Votes 109

‘Seumental Analysis of Property, Plant and Equipment - GFS

D Classifications a0
Disclosure of Grarte and Subsléias In Tens of Sextion 123 of MFMA,

E56 of 2003 mt
29 We 2g
BEAUFORT WES LOCAL MUNICIPALITY

APPROVAL OF FINANCIAL STATEMENTS

| am respcesis forthe preparation ot these annual Grands! satements year nda 30
‘June 2018, wich ae cet OW on poges 1 1 117 in tem of Seaton 125 (1) of the
Munleipl Fieance Manogament act ard wach have sighed on beh ofthe MAniciaby,

‘Tho annul fancial stakes have boon prepared in accortance wih Standards of
Goneraly Recegneed Accautng Practice (GRAP), Including an intrpretatars,
(guidlines and drectvesiseved by he Aczouning Slandatds Boars,

‘The ennwal fren! stetement fe baxed upon apprprste aucounng policies
ondisenly pped and supported by roasonabe ad prudart judgements and estates.

1 aeknowdadge that am utimstlyragperabe far hs eyeter of ital fnareal satel
fd that to system of ineral CouTo!prawdcs reasonable esewance thet he Francis
records can ba rtd on.

‘have reviewed the Municpaty's aah low fccns! or te yar to 39 June 2020 and at
tateied tat tha Minpaly can cunlewe operon misence for Me fereseeebie
fine.

‘Tho estenalaudtors are cespansila for indopendenty reviewing 2nd reporing on the
‘Msepetn’s franca steers.

| oath e ramuncation of Councilors ang hk boneAts ae hin th upper nits
ofthe ramenonenveaped in Saclon 219 of he Gunstion. ead with ihe Remaneraion
OF Punge Oner oores Act ad the Minister of Provincial and Local Gewoenment's
detenninaon 1 aceoréenoa wae Act

‘re annual frercial statamenss Were prepared on the acing concen basic and the
rmuriegsly hoe refer fe ination not the need te aqua or ural material the cals
tthe muna

kata tof 2o/y2019

TK Hearbai oe
Municipal Manage

BEAUFORT WES LOCAL MUNICIPALITY
STATEMENT OF FINANGIAL PERFORMANCE FOR THE YEAR ENDED 38 JUNE 2018
ravens Ror Neneschange Iain eggs m5

amet
‘ertng Suerte Yaar segmaes sens
(sr aeoniMevenal loonie hat » .
Fossa Perit Leziirpanrel Lorn Hees a igor sae) ease 7H)
ru Forder & ‘earar cand

ET SURPLUSADEREM FOR THE YEA
TEAVFORT WES LOCAL MUMEPALITY

“STAYEIENT OF CHANGES W WET ASSETS FOR THE YEARENDED 30 JUNE 23

expt Hea pected
gain pnts: amu “Ean
sant) Jott sees uoenan—eneaae mtn anes

aru toes
BEAUFORT WES LOCAL MUNICIPALITY

CASH FLOW STATEMENT FOR THE YEAR ENDED 20 JUNE 2079

GASH FLOW FROM OPERATING ACTIVITIES

sah resis

Raloroyers and others
Gevernmont
eres

aah paymovs
Supplies aoa Employers
Friaace Chartos

Not Gash tram Operating Actives
GASH FLOW FROM INVESTING ACTIVITIES

‘Purcnate ot Propet, Pi an =quipmnt
Proveads on Diasal af Feed Aswele

Purchase af InsngibirAszets

[Cosreaeaihneaae in Olner Nor-Carant Reclvsten

ot Cash from Invasting Activiios
‘CASH FLOW FROM FINANCING ACTIVITIES
Repeyirens of borawingt

Net Gash tram Financing Actes

NETINGREASEN(DECREASE) IN CASH AND CASH
EQUNALENTS

Luash and Gasn Zqulvlens ol he beginning of he venr
Cash and Cash Equivalents at hs ond ofthe yea

NETINCREASEKDECREASE) IN CASH AND CASH
EQUIVALENTS

Page

a

a

2019

tapgee raz
110.742.508,
482278

rons)
cnsiezen

13205, 088

casercon

(97888)

3031,
ages

(at.a08,a87)

14.280.901)
1a288,391)

ar.365.05,

souigst
mpaanzta

7.395.828)

tasgagg7e
sana see
4a S

o3es.2681
(978208)

s1araaTr

tragesa-t

(9am
Grr

astast8)

.96saR,
(.984,585)

4,892,996)

eer 4?
Aaa

(1,602,900)