O V E R B E R G W A T E R

Relationship with Municipalities Non-Financial Performance Audit Report Income Statement Balance Sheet Financial Indicators & -Ratios Bulk Water Sales & Revenue Bulk Water Tariffs Expenditure (Bulk Provision) Reserve Overall Operating Conditions

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pr

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Serious work injuries → zero

Absenteeism → 2,7%

Staff turnover → 9%

Labour unrest → zero

Water quality → Class 1 (SANS 241, 2006)

Water loss → 4,8%

4

Unqualified Audit

Positive report on systems & procedures

Relevant legislation adhered to

5

Consolidated Income Statement

Income from and expenses financed through

Bulk Water Sales Retail Water Sales (as secondary activity) Other Secondary Activities Reserve

6

Operating79%

Admin Fees4%

Investments8% TWK

8%

Other1%

Total Income: R25 017 Total Expenses: R22 613

Direct Labour45%

Energy10%

Maintenance7%

Raw Water2%

Chemicals8%

Depreciation8%

other20%

R’000

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Net Income: R2 404 Net Income: R2 404

INSTALLMENTDWA LOAN

R1 203

CONTRIBUTION TO RESERVE

R 0

( R113 ) - shortfall To be financed through reserve

R’000

CHANGES IN WORKING CAPITAL

R1 088

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EMPLOYMENT OF CAPITALCAPITAL EMPLOYED

Equity59%

Loan DWA34%

Current Liabilities

7%

PPE59%

Investments13%

Inventory1%

Receivables6%

Short-term Investments

20%

Cash1%

R74 139

9

Indicator / Ratio 2008/09 2007/08

Net Profit %(Net Profit ÷ Sales x 100)

12,07% 13,18%

Return on Assets(Net Income ÷ Total Assets x 100)

3,24% 3,55%

Return on Equity(Net Income ÷ Equity x 100)

5,47% 6,16%

Current Ratio(Current Assets ÷ Current Liabilities)

4,32 6,18

Debtors Days (Water Consumers)(Debtors ÷ Sales x 365)

73 days 65 days

Debt to Assets(Total Debt ÷ Total Assets x 100)

41% 42%

Cost of Capital(Interest paid ÷ Total Debt x 100)

0% 0%

Debt to Equity(Total Debt ÷ Total Equity)

69% 74%

Asset turnover (times / year)(Sales ÷ Total Assets)

0,27 x 0,27 x

CAPEX R4 mil R3,6 mil

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BULK WATER SALES : VOLUME

BULK WATER SALES : R

2,082,309 2,004,958 2,013,499

2,177,237 2,166,872 2,135,262

2006/2007 2007/2008 2008/2009

m3

Mun Farmers5,143,866 5,273,040 5,661,264

5,377,775 5,698,873 6,085,497

2006/2007 2007/2008 2008/2009

m3

Mun Farmers

4 259 546 4 171 830 4 148 761

10 971 91310 521 64111 746 761

(2,1%) (0,6%)

4,3% 7,1%

2008/2009

R 2,83

2007/2008

2006/2007

R 2,63

R 2,476,5%

7,7%

2007/2008 2008/2009R/c per m3 sold R/c per m3 sold

2.63 Water Sales 2.830.10 Other Income 0.112.73 2.94

0.06 Raw Water 0.110.35 Electricity 0.490.31 Chemicals 0.431.22 Direct Labour Cost 1.230.06 Maintenance 0.090.09 Other Admin, Oper. 0.100.58 Depreciation 0.662.67 3.11

0.06 -0.17

Operating Capital, 3 672

HR & Pensionars,

344

Furniture, Equipment & Vehicles,

1 929

Infrastructure, 18 883

TOTAL: R 24 906

R’000

RESERVE FOR INFRASTRUCTURE REFURBISHMENT : R18,8 MILLION

5 YEAR INFRASTRUCTURE REFURBISHMENT PROGRAMME R45 MILLION

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