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

21. Post retirement medical benefit (continued)

Group

Rand Water

Figures in Rand thousands

2025

2024

2025

2024

Amounts recognised in the Statement of Financial Position Remeasurements^

(275)

3 062

(275)

3 062

Current service costs Net interest income Management fees

(5 351)

(6 386)

(5 351)

(6 386)

5 957 (331)

3 564 (240)

5 957 (331)

3 564 (240)

Net benefit at the end of the year

-

-

-

-

Net expense recognised in the Statement of Financial Performance Current service costs

5 351

6 386

5 351

6 386

Interest cost

39 578

41 953

39 578

41 953

Return on plan asset Management fees

(45 535)

(45 517)

(45 535)

(45 517)

331

240

331

240

(275)

3 062

(275)

3 062

Amounts recognised in other comprehensive income Actuarial gain on retirement benefit liability @

19 196

32 645

19 196

32 645

Actuarial loss on plan asset

(19 471)

(29 583)

(19 471)

(29 583)

Remeasurement (loss)/gain on the net defined medical benefit plan

(275)

3 062

(275)

3 062

^ Re-measurements consist of actuarial gains and losses on the post retirement liability and the plan asset.

@ Actuarial gain on retirement benefit liability was mainly driven by changes in marital, income band, status of in services members, increase in the real discount rate, lower than expected contribution increase and unexpected changes in membership.

275

Rand Water | Integrated Annual Report 2025