Rand Water | Integrated Annual Report 2025

INTEGRATED ANNUAL REPO

Consolidated Annual Financial Statements for the year ended 30 June 2025

NOTES TO THE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS

16.Lease liabilities

Group

Rand Water

Figures in Rand thousands Minimum lease payments due Balance at 1 July

2025

2024

2025

2024

12 992

2 179

12 992

2 179

Additions

-

16 725 (5 912) 12 992

-

16 725 (5 912) 12 992

Capital

(6 208)

(6 208)

6 784

6 784

Present value of minimum lease payments due - within one year

6 784

6 784 6 208

6 784

6 784 6 208

- in second to fifth year inclusive

-

-

6 784

12 992

6 784

12 992

Non-current liabilities

-

6 784 6 208

-

6 784 6 208

Current liabilities

6 784 6 784

6 784 6 784

12 992

12 992

The Group leases office buildings and office equipment under finance lease arrangements with a term of three years. The current contracts were awarded for a three-year term and are set to expire in 2026. The lease payments are subject to an annual escalation to reflect market-related rentals. None of the leases include contingent rentals. During the current year, no additional finance lease contracts were awarded.

269

Rand Water | Integrated Annual Report 2025