RAND WATER ANNUAL REPORT 2023

Consolidated Annual Financial Statements for the year ended 30 June 2023

Statement of Responsibility by the Board The external auditor is responsible for independently auditing and reporting on the Group’s Consolidated Annual Financial Statements. The consolidated annual financial statements have been examined by the group’s external auditor and their report is presented on pages 148 to 156. The Board is required by the Water Services Act, No. 108 of 1997 and Public Finance Management Act, No. 1 of 1999, to maintain adequate accounting records and is responsible for the content and integrity of the annual financial statements of Rand Water and its subsidiaries, and related financial information included in this report. The consolidated annual financial statements for the year ended 30 June 2023 have been prepared in accordance with the International Financial Reporting Standards (IFRS) and the Financial Reporting Pronouncements as issued by the Financial Reporting Standards Council. The Board is responsible for a system of internal controls that constitutes control procedures implemented by Rand Water management to ensure efficient and effective business operations for the attainment of set targets and objectives. The Board assessed the risks and ability of the Group to continue as a going concern into the foreseeable future. The Board has no reason to believe that Rand Water and its subsidiaries will not be a going concern in the foreseeable future, based on the current forecasts and available cash resources. The annual financial statements support the financial long‑term viability of Rand Water. The Board confirms, based on the information available to date, that it has collectively assessed the content of this consolidated annual financial statements, which fairly represent the financial position of the Group as at 30 June 2023 and the results of the operations and cash flow information for the year ended.

The consolidated annual financial statements have been approved by the Board at its meeting held on 31 October 2023 and signed on its behalf by:

Ramateu Monyokolo

Sipho Mosai

Chairperson

Chief Executive

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