RAND WATER PROVIDENT FUND ANNUAL REPORT 2022-2023

9. Contributions

Towards re insurance and expenses R

At beginning of period R

Towards retirement R

Contributions received R

At end of period R

Member contributions -received and accrued Employer contributions - received and accrued

(119 123 654)

119 123 654 209 420 008 328 543 662

(50 326) (143 141 765) (66 130 843) (50 326) (262 265 419) (66 130 843)

97 074 97 074

Towards retirement

(262 265 419) (66 130 843)

Toward re-insurance and expenses

Statement of changes in net assets and funds

(328 396 262)

10. Net investment income

2023 R

2022 R

Income from investments

520 758 973

142 182 216

Interest

1 756 327

461 460

Income from insurance policies

519 002 646 (1 783 761) 518 975 212

141 720 755 (1 689 232) 140 492 984

Less: Expenses incurred in managing investments

11. Administration expenses

2023 R

2022 R

Administration fees

12 087 067

11 393 522

Audit fees

335 700

252 000

Bank Charges

3 580

1 318

Computer Expenses Consultancy fees Fidelity Insurance

1 126 711

1 062 122

64 260 76 908 88 788 97 265 236 605 33 666

96 948 96 135 94 614 18 244 153 651 12 938

Levies

Printing and Stationery Board of Fund Training

Membership fees Sundry Expenses

497

8460

14 151 045

13 189 952

50 Rand Water Provident Fund Annual Report | 2022-2023