Rand Water | Integrated Annual Report 2025

Consolidated Annual Financial Statements for the year ended 30 June 2025

NOTES TO THE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS

33.Cash generated from operations

Group

Rand Water

Figures in Rand thousands

2025

2024

2025

2024

Net income for the year

4 644 518

4 562 058

4 643 941

4 561 481

Adjustments for non-cash items: Depreciation

702 758 16 471

657 650 15 244

703 322 16 471

658 212 15 244

Amortisation

(Profit)/loss on disposal of assets Impairment loss/(reversal) in subsidiary

(779)

(953)

(779) 4 428 2 747

(953) 1 147 5 032

-

-

Loss on assets scrapped

2 747

5 032

Finance income

(1 553 911)

(1 332 179)

(1 553 158)

(1 331 410)

Movements in retirement benefit obligation

5 351

6 386

5 351

6 386

Finance costs

47 978 (5 978)

51 403 (5 928) 23 287

47 978 (5 978)

51 403 (5 928) 23 287

Movements in rehabilitation provision Impairment of property, plant and equipment

167

167

Bad debts written off

22 517

-

22 517

-

Movements in retirement benefit plan asset

331

240

331

240

Other non-cash items*

(507 489)

(519 668)

(507 489)

(519 629)

Adjust for items which are presented separately: Expected credit losses

397 655

386 991

397 655

386 952

Inventory write up /(write down) Changes in working capital: (Increase) decrease in inventories

1 722

(274)

1 722

(274)

(38 938) (394 956) (38 776) 2 523 932

(33 767) (445 987) (53 956) 270 384

(38 938) (394 398) (38 776) 2 518 314

(33 767) (448 585) (53 956) 270 647

(Increase) decrease in trade and other receivables

(Increase) decrease in contract assets

Increase (decrease) in trade and other payables Increase (decrease) in deferred income Increase (decrease) in contract liabilities

5 035

2 132

5 270

2 137

(49 574) (24 108) 5 780 781 3 563 987 5 781 124 3 563 558 (24 108) (49 574)

*Other non-cash items include items such as internal cost reallocations and unpaid property, plant & equipment creditors

33.1 Proceeds from disposal of property, plant and equipment

Group

Rand Water

Figures in Rand thousands

2025

2024

2025

2024

Property, plant and equipment disposal

2 738

5 056

2 738

5 056

Non-current assets held for sale Total assets disposal Loss on assets scrapped Profit on disposal of assets

775

303

775

303

3 514

5 362

3 514

5 362

(2 747)

(5 032)

(2 747)

(5 032)

779

953

779

953

1 545

1 283

1 545

1 283

290

Rand Water | Integrated Annual Report 2025