RAND WATER ANNUAL REPORT 2023

Consolidated Annual Financial Statements for the year ended 30 June 2023

Statement of Changes in Equity

Figures in Rand thousand

Re‑ measurement on employee benefit obligation

Fair value through other comprehensive income

Total reserves

Retained earnings

Total equity

Group Opening balance as previously reported

188 304

16 755 205 059 28 575 023 28 780 082

Adjustments Prior year adjustments

-

-

-

(32 643)

(32 643)

Restated* Balance at 01 July 2021 as restated

188 304

16 755 205 059 28 542 380 28 747 439

Net income for the year

-

-

-

3 462 226 3 462 226

Other comprehensive income

5 022

(58 427)

(53 405)

-

(53 405)

Total comprehensive income for the year

5 022

(58 427)

(53 405)

3 462 226 3 408 821

Balance at 01 July 2022

193 326

(41 672)

151 654 32 004 607 32 156 261

Net income for the year

-

-

-

3 535 750 3 535 750

Other comprehensive income

31 977

(45 476)

(13 499)

-

(13 499)

Total comprehensive income for the year

31 977

(45 476)

(13 499)

3 535 750 3 522 251

Balance at 30 June 2023

225 303

(87 148)

138 155 35 540 357 35 678 512

Rand Water Opening balance as previously reported

188 304

16 755 205 059 28 609 724 28 814 783

Adjustments Prior period error

-

-

-

(32 643)

(32 643)

Restated* Balance at 01 July 2021 as restated

188 304

16 755 205 059 28 577 079 28 782 138

Net income for the year

-

-

-

3 461 650 3 461 650

Other comprehensive income

5 022

(58 427)

(53 405)

-

(53 405)

Total comprehensive income for the year

5 022

(58 427)

(53 405)

3 461 650 3 408 245

Balance at 01 July 2022

193 326

(41 672)

151 654 32 038 729 32 190 383

Net income for the year

-

-

-

3 535 176 3 535 176

Other comprehensive income

31 977

(45 476)

(13 499)

-

(13 499)

Total comprehensive income for the year

31 977

(45 476)

(13 499)

3 535 176 3 521 677

Balance at 30 June 2023

225 303

(87 148)

138 155 35 573 905 35 712 060

Note(s)

17

9

192