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 INDUSTRIES

2021

Total

Gauteng Mpumalanga

North West

Free State/ Other

Water debtors Potable Water

4 613

-

-

-

4 613

Non‑potable Water

-

-

-

-

-

Recoverable Projects

-

-

-

-

-

Other Receivables

-

-

-

-

-

Trade receivable not recognised

-

-

-

-

-

Total Receivables

4 613

-

-

-

4 613

Add : Credit Balance

-

-

-

-

-

Gross Trade Receivables

4 613

-

-

-

4 613

Expected Credit Loss Potable Water

(11)

-

-

-

(11)

Non‑potable Water

-

-

-

-

-

Recoverable Projects

-

-

-

-

-

Other Receivables

-

-

-

-

-

Total Expected Credit Loss

(11)

-

-

-

(11)

Net : Trade and other Receivables

4 602

-

-

-

4 602

Trade and Other Receivables Performance Performing

4 357

-

-

-

4 357

Under Performing

256

-

-

-

256

Non Performing

-

-

-

-

-

Gross Trade Receivables

4 613

-

-

-

4 613

In line with the accounting policy and IFRS 15 as adopted, in testing against the triggers to establish the customers’ ability and intent to pay a balance of R236 million (2020: R154.5 million) was not recognised (refer to note 42).

As at 30 June 2022 the Group had no trade and other receivables that were pledged as security.

255