RAND WATER ANNUAL REPORT 2023

Consolidated Annual Financial Statements for the year ended 30 June 2023

Notes to the Consolidated Annual Financial Statements 8. Trade and other receivables (Continued)

Figures in Rand thousand LOCAL GOVERNMENT MUNICIPALITIES

2021

Total

Gauteng Mpumalanga North West Free State/ Other

Water debtors Potable Water

2 625 218

590 885

42 513

26 311 3 284 927

Non‑potable Water

-

-

-

-

-

Recoverable Projects

9 651

122 833

-

-

132 484

Other Receivables

-

4 458

-

-

4 458

Trade receivable not recognised

(101 850)

(275 414)

-

(236)

(377 500)

Interest not recognised

-

-

-

-

-

Total Receivables

2 533 019

442 762

42 513

26 075 3 044 369

Add : Credit Balance

-

4

-

-

4

Gross Trade Receivables

2 533 019

442 766

42 513

26 075 3 044 373

Expected Credit Loss Potable Water

(628 864)

(242 556)

(104)

(3 723)

(875 247)

Non‑potable Water

-

-

-

-

-

Recoverable Projects

(8 316)

(105 839)

-

-

(114 155)

Other Receivables

-

(3 799)

-

-

(3 799)

Total Expected Credit Loss

(637 180)

(352 194)

(104)

(3 723)

(993 201)

Net : Trade and other Receivables

1 895 839

90 572

42 409

22 352 2 051 172

Trade and Other Receivables Performance Performing

1 620 638

11 728

42 513

14 687 1 689 566

Under Performing

-

-

-

-

-

Non Performing

912 381

431 038

-

11 388 1 354 807

Gross Trade Receivables 26 075 3 044 373 In line with the accounting policy adopted, revenue of R357 million (2021: R240 million) was not recognised for those customers where the probability of default was met. Rand Water continues to actively pursue recovery of these amounts. 2 533 019 442 766 42 513

252