RAND WATER ANNUAL REPORT 2023

Consolidated Annual Financial Statements for the year ended 30 June 2023 Notes to the Consolidated Annual Financial Statements 4. Property, plant and equipment (Continued)

Assets awaiting approval for disposal

During the annual asset verification, the group identified property, plant and equipment assets, which are redundant and have reached the end of their useful life, amounting to R17 million, the approval to dispose or remove these assets from the asset register will be tabled in the next financial period. Certain assets within this category are under investigation and being verified.

These assets have been disclosed as follows:

Figures in Rand thousand Asset Status

Number of assets

Cost

Accumulated depreciation

Carrying value

Assets being verified

4

595

(595)

-

Assets awaiting TMC approval

164

17 530

(17 530)

-

168

18 125

(18 125)

-

A further breakdown of the redundant assets per asset class and category is listed per the tables below:

Figures in Rand thousand Asset Class

Number of assets

Cost

Accumulated depreciation

Carrying value

Furniture

37

1 204

(1 204)

-

Office Equipment

119

11 174

(11 174)

-

Potable plant and equipment

5

305

(305)

-

Pumping and Purification

4

2 566

(2 566)

-

165

15 249

(15 249)

-

233