RAND WATER PROVIDENT FUND ANNUAL REPORT 2022-2023

14. Amounts to be allocated.

2023 R

2022 R

Net Income / Admin Fee to be allocated

1 971 258 10 334 878 12 306 878

1 589 849 8 745 029 10 334 878

Unallocated Transfer to the Fund

Amounts to be allocated

15. Going Concern The financial statements have been prepared on the basis applicable to a going concern. Whilst investment performance in the current financial year was lower than the previous year. The Fund’s solvency and liquidity position has been reviewed, considering the availability of funds and financing facilities, and operational budgets and cash flow forecasts have been adjusted taking the evolving circumstances into consideration. Management has also considered the appropriateness of the assumptions and estimates applied in the preparation of the financial statements.

Rand Water Provident Fund Annual Report | 2022-2023 53