RAND WATER ANNUAL REPORT 2023

Consolidated Annual Financial Statements for the year ended 30 June 2023

Statement of Financial Performance

Group

Rand Water

Figures in Rand thousand

Note(s)

2023

2022 Restated *

2023

2022 Restated *

Revenue

23

19 578 472 17 661 457 19 578 472 17 661 457

Cost of sales

24 (13 544 570) (12 281 026) (13 544 570) (12 281 026)

Gross Income

6 033 902 5 380 431 6 033 902 5 380 431

Other operating income

25

107 890

38 120

99 432

36 374

Net impairment losses / (reversals) on financial and contract assets

26

(566 844)

137 398 (566 844)

137 398

Other operating expenses

26

(2 931 495)

(2 662 668)

(2 922 957)

(2 661 178)

Operating income

2 643 453 2 893 281 2 643 533 2 893 025

Finance income

30

973 498

625 824

972 929

625 684

Finance cost

31

(81 201)

(56 879)

(81 286)

(57 059)

Net income for the year

3 535 750 3 462 226 3 535 176 3 461 650

190