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 RETAIL

2021

Total

Gauteng Mpumalanga North West Free State/ Other

Water debtors Potable Water

29 608

205

3 211

307

33 331

Non‑potable Water

988

-

-

38 740

39 728

Recoverable Projects

170

-

-

-

170

Other Receivables

22 791

-

-

-

22 791

Trade receivable not recognised

(4 548)

(9)

(133)

(130)

(4 820)

Total Receivables

49 009

196

3 078

38 917

91 200

Add : Credit Balance

921

7

114

-

1 042

Gross Trade Receivables

49 930

203

3 192

38 917

92 242

Expected Credit Loss Potable Water

(5 058)

(49)

(161)

(142)

(5 410)

Non‑potable Water

(49)

-

-

(1 925)

(1 974)

Recoverable Projects

(148)

-

-

-

(148)

Other Receivables

(16 397)

-

-

-

(16 397)

Total Expected Credit Loss

(21 652)

(49)

(161)

(2 067)

(23 929)

Net : Trade and other Receivables

28 278

154

3 031

36 850

68 313

Trade and Other Receivables Performance Performing

16 255

109

3 005

38 746

58 115

Under Performing

3 113

83

10

-

3 206

Non Performing

30 562

11

177

171

30 921

Gross Trade Receivables

49 930

203

3 192

38 917

92 242

The collection of revenue from these customers remains a challenge. The enhancement of credit control strategies and monitoring of payment levels in this area continue to receive management attention. The revenue that was not recognised expressed as a percentage of total billed revenue for the year is 2.02% (2021: 1.45%). The Group’s collection and revenue management strategy, continues to be implemented (refer to note 42 for more detail).

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