RAND WATER ANNUAL REPORT 2023

Consolidated Annual Financial Statements for the year ended 30 June 2023

Notes to the Consolidated Annual Financial Statements 42. Financial instruments (Continued)

Classification

Long term rating

30 June 2023

30 June 2022

Fair value through other comprehensive income Fair value through other comprehensive income Fair value through other comprehensive income

AAA

1 704 763 1 398 653

AA

151 384 260 143

59 258 17 492

AA‑ AA+

Term deposit investments Term deposit investments Cash and cash equivalents Cash and cash equivalents Cash and cash equivalents

2 816 000 1 340 000

AA

-

950 000

AA+

4 897 733 3 174 827

AA

- -

1 565 570

F1+

174 183

Amount above represent the gross carry amount of the Group’s financial assets excluding the cash on hand amounts R546 thousand (2022: R441 thousand).

Figures in Rand thousand

Group

Rand Water

2023

2022 Restated *

2023

2022 Restated *

Financial assets: Fair value through other comprehensive income

2 116 290 1 475 403 2 116 290 1 475 403

Loans and other receivables Term deposit investments Cash and cash equivalents

8 222

1 460

8 222

1 460

2 815 208 2 289 394 2 815 208 2 289 394 4 896 630 4 912 560 4 884 128 4 902 359 9 836 350 8 678 817 9 823 848 8 668 616

The carrying amount of trade receivables (including disposal groups) represents the maximum credit exposure that the Group is exposed to. The below balances are shown before impairments, for a detailed classification of the trade receivable balances by type and revenue streams refer to note 23.

Trade receivables by type of customer: • Local Government / Municipalities

3 748 790 2 630 403 3 748 790 2 630 403

• • • •

Mines Retail

42 814 48 256 13 173 14 260

31 886 53 399

42 814 51 806 13 173 14 260

31 886 58 656

Industries / Railways National Government

6 381

6 381

36 128 36 128 3 867 293 2 758 197 3 870 843 2 763 454

An analysis of trade receivables credit profile is presented below:

Figures in Rand thousand Rand Water

Gross 2023 Impairment 2023 1 689 618 (326 665) 1 695 766 (159 219) 3 477 108 (1 662 764) 6 862 492 (2 148 648)

Gross 2022 Impairment 2022

Performing

855 254

(6 697) (6 063)

Under performing Non performing

1 423 294

1 818 745 (1 321 173) 4 097 293 (1 333 933)

305