RAND WATER ANNUAL REPORT 2023

Consolidated Annual Financial Statements for the year ended 30 June 2023

Notes to the Consolidated Annual Financial Statements

Figures in Rand thousand

Group

Rand Water

2023

2022 Restated *

2021 Restated *

2023

2022 Restated *

2021 Restated *

19. Provisions

Non‑current liabilities

116 244 102 908

89 163 116 244 102 908

89 163

Current liabilities

1 814 5 663 153 134 118 058 108 571 242 297 118 058 108 571 242 297 5 663 153 134 1 814

Reconciliation of provisions ‑ Group ‑ 2023 Figures in Rand thousand Group

Opening balance

Additions Reversed during the year

Change in discount factor

Total

Environmental rehabilitation

102 908

5 330

-

8 006 116 244

Legal proceedings

5 663

775

(4 624)

-

1 814

108 571

6 105

(4 624)

8 006 118 058

Reconciliation of provisions ‑ Group ‑ 2022 Figures in Rand thousand Group

Opening balance

Additions

Utilised during the year

Reversed during the year

Change in discount factor

Total

Environmental rehabilitation

89 163

4 066

-

-

9 679 102 908

Legal proceedings

153 134

-

(145 000)

(2 471)

-

5 663

242 297

4 066 (145 000)

(2 471)

9 679 108 571

Reconciliation of provisions ‑ Group ‑ 2021 Figures in Rand thousand Group

Opening balance

Additions

Utilised during the year

Reversed during the year

Change in discount factor

Total

Environmental rehabilitation

83 172

3 410

-

-

2 581

89 163

Legal proceedings

1

-

159 834

(8 700)

1 999 153 134

83 173

3 410 159 834

(8 700)

4 580 242 297

266