RAND WATER ANNUAL REPORT 2023

Liquidity and Funding Risk Management

R2 013 million (2022: R2 640 million)

R1 250 million (2022: R1 000 million)

12% (2022: 14%)

Cash Generated from Operations

Committed Facilities Headroom

Debt to Equity Ratio

Total Liquidity (Rm)

Net Cash (Rm)

1 250

2 116

11 078

2 815

4 897

2 818

2 629

3 327

Cash & Cash Equivalent Balance

Tern Deposit Investments

Bonds Investments

Committed Facilities

Total Liquidity

2021

2022

2023

Approved Borrowing Limits to 30 June 2024

Solid Liquidity

CREDIT RATINGS: Rand Water’s credit rating with Fitch Ratings and Standard & Poor’s for the financial year are denoted in the table below.

Funds Available for the Redemption & Coupon payment due on 10 December 2023 for RW23 Bond Approved Borrowing Limits to 30 June 2024

Standard & Poor’s

Fitch

Outlook

Stable Outlook

Stable

Foreign Currency BB-

National Lt Issuer AA+

Local Currency

BB National St

F1+

National Scale Rating

zaAAA

Affirmed

Affirmed

80