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 *

2023

2022 Restated *

23. Revenue

The table below is the revenue from contracts with customers according to the different revenue streams:

Potable water

19 345 910 17 442 781 19 345 910 17 442 781

Non‑potable water

183 640 178 193 183 640

178 193

Recoverable projects

46 503

39 879

46 503

39 879

Meter installation

2 419 604 19 578 472 17 661 457 19 578 472 17 661 457 604 2 419

Figures in Rand thousand 2023

Gauteng Mpumalanga North West Free State/ Other

Total

National Government Departments

58 910

-

-

4 126

63 036

Local Government Departments

17 133 128

587 782 483 600 208 845 18 413 355

Mines

241 521

21 227 361 544

-

624 292

Retail

293 584

1 465

36 809

96 227

428 085

Industries\Railways

49 704

-

-

-

49 704

17 776 847

610 474 881 953 309 198 19 578 472

Figures in Rand thousand 2022

Gauteng Mpumalanga North West Free State/ Other

Total

National Government Departments

43 748

23

-

1 590

45 361

Local Government Departments

15 582 423

446 119 412 227 193 810 16 634 579

Mines

217 967

29 781 309 309

-

557 057

Retail

183 286

1 586

34 364 169 980

389 216

Industries\Railways

35 244

-

-

-

35 244

16 062 668

477 509 755 900 365 380 17 661 457

Revenue from the sale of water is recognised over time at the metering point, this is the point where the units of water supplied to the customer for a specific period is read for billing purposes, and recognised as revenue. This is performed at an agreed point in time during a calendar month period.

Revenue is recognised at a point in time or over time, depending on the type of promised good or service, that is transferred to the customer. This is determined per contract.

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