RAND WATER PROVIDENT FUND ANNUAL REPORT 2022-2023

6.2 Benefits in terms of reserve distribution

Transferred to Unclaimed Benefits R

At beginning of period R

Benefits for current period R

Return allocated R

Payments

At end of period R

R

Enhancements to former members RWPF

1 053 423 1 052 423

- -

72 706 72 706

(15 706) (15 706)

(1 110 423) (1 110 423)

Benefits (6.2)

Total Benefits (6.1 + 6.2)

84 304 096 193 309 921 5 232 982 (248 020 232) (1 110 423)- 33 716 345

(6.1)

193 309 921

Return allocated (C)

5 232 982

Statement of changes in net assets and funds ( 6.1 + 6.2)

198 542 903

7. Unclaimed benefits

2023 R

2022 R

At beginning of period

274 184 20 035

261 821 12 363

Investment income allocated Benefits of former members

1 110 423

Less:

Benefits paid Balance at end of period

1 404 641

274 184

8. Accounts payable

2023 R

2022 R

Administration fee

1 005 629

953 827 226 639

Audit fees due

164 560

Proceeds Payable

1 963 186

0

Rand Water - reimbursement disability income receipts

0

168 817

Fidelity Cover

173 043

96135

South African Revenue Services - PAYE

9 753 097 4 057 963 17 117 478

1 851 001 3 111 284 6 407 702

Reinsurance premiums payable

Rand Water Provident Fund Annual Report | 2022-2023 49