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

42.Financial instruments (continued)

Exposure to credit risk

The carrying amount of financial assets represents the maximum credit exposure that the Group is exposed to. The maximum exposure to credit risk with different financial institutions that the Group is exposed to is reflected below. The carrying amount of financial assets represents the credit concentration of the Group by long/ short term credit ratings at reporting date.

Long term rating

30 June 2025

30 June 2024

Figures in Rand thousands

Classification Fair value through other comprehensive income Fair value through other comprehensive income Fair value through other comprehensive income Fair value through other comprehensive income

AAA 3 954 342

2 036 932

AA+

100 053 266 014 160 830

-

AA

264 085 152 654

AA- AA+

Term deposit investments Cash and cash equivalents Cash and cash equivalents^

-

2 763 881 2 387 891 3 957 463

AA+ 12 210 932

AA

-

^Amounts above represent the gross carrying amount of the Group's financial assets excluding the cash on hand (petty cash)

Group

Rand Water

Figures in Rand thousands

2025

2024

2025

2024

Financial assets: Fair value through other comprehensive income

4 481 239

2 453 672

4 481 239

2 453 672

Loans and other receivables Term deposit investments Cash and cash equivalents

18 293

9 092

18 293

9 092

-

2 763 375 6 345 257

-

2 763 375

12 209 324 6 331 593 16 708 856 11 571 396 16 694 782 11 557 732 12 195 250

The carrying amount of trade receivables (including disposal groups) represents the maximum credit exposure that the Group is exposed to. The below balances are shown before impairments, for a detailed classification of the trade receivable balances by type and revenue streams refer to note 8. Group Rand Water Figures in Rand thousands 2025 2024 2025 2024 Trade receivables by type of customer: National Government Department 22 230 27 982 22 230 27 982 Local Government/Municipalities 4 104 257 4 000 034 4 104 208 4 000 034 Mines 46 527 59 687 46 527 59 687 Retail 73 707 67 059 86 395 73 783 Industries 6 213 5 883 6 213 5 883 4 252 934 4 160 645 4 265 573 4 167 369

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Rand Water | Integrated Annual Report 2025