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 *

25. Other operating income

(Loss)/profit on sale of assets

(11 076)

3 614 (11 076)

3 614

Fruitless & wasteful recoveries

129

-

129

-

Reversal of impairment in subsidiary

-

-

524

129

Other income

118 837

34 506 109 855

32 631

107 890

38 120

99 432

36 374

Included in other income is debt written off by the Department of Water and Sanitation (the shareholder) amounting to R71.6 million (excluding R4.1 million interest written off , refer to note 31 and note 39) for the Bushbuckridge service area.

282