RAND WATER BOARD - Publication Of 2018 Consolidated Annual Financial Statements

Publication Of 2018 Consolidated Annual Financial Statements

RAND WATER BOARD
(Rand Water is established in terms of the Water Services Act,
1997 (the “Act”). The Government of the Republic of South Africa,
through the Department of Water and Sanitation and duly represented
by the Minister of Water and Sanitation, is the sole shareholder
of Rand Water. In terms of the Act, Rand Water's primary activity
is the provision of bulk water supply services (potable bulk water
and sanitation services) within the predetermined service area.)
Issuer code: BIRW

(“Rand Water”)


PUBLICATION OF 2018 CONSOLIDATED ANNUAL FINANCIAL STATEMENTS

Noteholders are advised that Rand Water has published its 2018
Annual Financial Statements for the financial year ended 30 June
2018 (“the AFS”).

Rand Water’s audit reports were unqualified and there was
reclassification of individual assets classes of property, plant
and equipment.

This was in line with the first time adoption of IFRS during the
previous financial year, and the reclassification was in relation
with application of the cash flow standard with regards to the
investing activities presented on the face of the cash flow. The
details can be noted in note 36 of the 2018 Annual Financial
Statements.

The AFS are available on its website at the following link:

http://www.randwater.co.za/Annual%20Reports/Annual%20Reports/2017-
2018%20Annual%20Report%20Final/RAND%20WATER%20ANNUAL%20REPORT%2020
18.pdf

24 December 2018

Debt Sponsor
The Standard Bank of South Africa Limited

For further information on the Notes issued please contact:
Natalie Di-Sante         SBSA                (011) 721 6125
Shanita Budhoo           Rand Water          (011) 682 0669

Rand Water information:
522 Impala Road, Glenvista, 2058, Johannesburg, Gauteng, South
Africa
PO Box 1127, Johannesburg, 2000
Tel: +27 11 682 0318
Fax: +27 11 682 0673
www.randwater.co.za

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