RAND WATER ANNUAL REPORT 2023

Consolidated Annual Financial Statements for the year ended 30 June 2023

Statement of Cash Flows

Figures in Rand thousand

Group

Rand Water

Note(s)

2023

2022 Restated *

2023

2022 Restated *

Cash flows from operating activities Cash receipts from customers

17 829 935 17 426 777 17 820 651 17 418 211

Cash paid to suppliers and employees

(15 816 558) (14 786 838) (15 804 902) (14 777 149)

Cash generated from operations

33

2 013 377 2 639 939 2 015 749 2 641 062

Interest received

30

866 701

524 785

866 046

524 646

Interest paid

31

(438 846)

(429 212)

(438 846)

(429 212)

Net cash from operating activities

2 441 232 2 735 512 2 442 949 2 736 496

Cash flows from investing activities Purchase of property, plant and equipment Proceeds from sale of property, plant and equipment

4

(1 244 660)

(1 565 179)

(1 244 660)

(1 565 179)

33

12 451

7 396

12 451

7 396

Purchase of intangible assets

5

(485)

(25 084)

(485)

(25 084)

Increase in term deposit investments

12

(5 008 000)

(5 185 000)

(5 008 000)

(5 185 000)

Increase in investments

9

(692 200)

(964 133)

(692 200)

(964 133)

Decrease in term deposit investments

12

4 482 000 4 289 989 4 482 000 4 289 989

Loans receivable issued

7

(9 967)

(902)

(9 967)

(902)

Loans receivable repaid

7

3 194

1 244

3 194

1 244

Net cash from investing activities

(2 457 667) (3 441 669) (2 457 667) (3 441 669)

Cash flows from financing activities Repayments of finance lease liability

16

(308)

(1 379)

(308)

(1 379)

Cash investment paid to RWF

22

-

-

(4 018)

-

Net cash from financing activities

(308)

(1 379)

(4 326)

(1 379)

Net decrease in cash and cash equivalents

(16 743)

(707 536)

(19 044)

(706 552)

Cash and cash equivalents at the beginning of the year

4 915 021 5 622 557 4 904 820 5 611 372

Cash and cash equivalents at the end of the year

13

4 898 278 4 915 021 4 885 776 4 904 820

193