Rand Water | Integrated Annual Report 2025

INTEGRATED ANNUAL REPO

Consolidated Annual Financial Statements for the year ended 30 June 2025

RAND WATER Consolidated Annual Financial Statements for the year ended 30 June 2025 INDEX The reports and statements set out below comprise the consolidated annual financial statements presented to the shareholder:

Page

Statement of Responsibility by the Board.............................................................................................................................................. 172

Report of the Group Audit and Risk Committee................................................................................................................................... 173

Independent Auditor’s Report................................................................................................................................................................... 177

Board Report................................................................................................................................................................................................186

Remuneration Report.................................................................................................................................................................................204

Statement of Financial Position...............................................................................................................................................................208

Statement of Financial Performance......................................................................................................................................................209

Statement of Comprehensive Income....................................................................................................................................................210

Statement of Changes in Equity..............................................................................................................................................................211

Statement of Cash Flows..........................................................................................................................................................................212

Summary of Principal Accounting Policies and Significant Judgements ....................................................................................... 213

Notes to the Consolidated Annual Financial Statements...................................................................................................................240

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Rand Water | Integrated Annual Report 2025