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 *

26. Other operating expenses

Operating profit for the year is stated after charging (crediting) the following, amongst others:

Movement in credit loss allowances

Trade and other receivables

558 416 (156 271)

558 416 (156 271)

Cash and cash equivalents

(812)

(1 102)

(812)

(1 102)

Loans receivable

11

(2)

11

(2)

Investments in bonds

6 410

21 849

6 410

21 849

Contract assets

2 633

(1 591)

2 633

(1 591)

Term deposit investment

186

(281)

186

(281)

566 844 (137 398)

566 844 (137 398)

Other operating expenses Insurance

83 824

69 674

83 824

69 674

Consulting fees

24 830

14 978

24 661

14 885

Courses and seminars

30 423

29 934

30 423

29 361

Loss on Scrapping of assets

6 018

598

6 018

598

Contractors

42 343 114 213

42 343 114 213

Software licences

96 627

55 046

96 627

55 046

Telephone, cellular and data line costs

15 021

15 757

15 002

15 738

Repairs and maintenance

307 479 256 559 307 479 256 559

Travel and accommodation

13 553

5 642

13 159

5 276

Other overheads

210 039 150 282 226 258 173 170

Subtotal

830 157 712 683 845 794 734 520

Staff costs Note 27

1 990 465 1 862 782 1 965 736 1 838 900

Depreciation Note 28

54 969

68 593

55 523

69 148

Amortisation Note 29

11 628

10 743

11 628

10 743

Impairment of assets Note 28

44 276 7 867 2 931 495 2 662 668 2 922 957 2 661 178 7 867 44 276

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