e r 2 - Umgeni Water

More documents

Recommendations

Info

| Financial Plan ChapterDelivery and Elimination of Backlogs in Rural Areas:• R1.1bn spend over five years in rural areas representing 33% of the five-year capex.• Estimated total social component of these projects in five-year capex is R649m to be funded as follows:o R184m of rural Bulk infrastructure grant (RBIG) forecast as a contribution toward social component of the projects.o Umgeni Water’s unfunded social component thus estimated at R465m (resulting in an impairment).Table 15.32: Technical and financial data of projects addressing the elimination of backlogs in rural areasProject Maximum Volume Uptake Base Tariff Break-Even TariffRichmond 24.5 3.482 3.680Greater Eston 6 3.482 11.588Mhlabatshane 8 3.482 15.875Ozwatini BWS 6.5 3.482 14.556Maphumulo BWS Scheme (Phase1) 4 3.482 11.487Maphumulo BWS Scheme (Phase 2) 8 3.482 10.874Ncegbo BWS (phase 1) 1 3.482 13.214* Break-even tariff calculated after taking into account the receipt of Rural Bulk Infrastructure Grants.Rural Bulk Infrastructure Grants:Based on the letter received from DWA the following grants have been taken into account.Table 15.33: RBIG FundingProjectTotal RBIG Funding F11 F12 F13 F14* F15*R'000 R'000 R'000 R'000 R'000 R'000Richmond R 55 949 R 4 276 R 19 838 R 14 879 R 8 455 R 8 502Greater Eston R 47 957 R 3 665 R 17 004 R 12 753 R 7 247 R 7 287Mhlabatshane Sub-Regional Scheme R 79 831 R 10 702 R 33 319 R 35 810 - -Total Rural Bulk Infrastructure Grant Funding R 183 737 R 18 642 R 70 162 R 63 442 R 15 702 R 15 789* Awaiting confirmation for the receipt of R15m in F’15 and R15m in F’16.Umgeni Water Five-Year Business Plan| 2011/2012 to 2015/2016 Page 116
Table 15.34: Rural Project EvaluationCustomerProjectTotal capitalcostRBIGexcl VATInterestcapitalisedEscalationTotal projectafter RBIGEconomicvalueR'm R'm R'm R'm R'm R'mRBIGR'mSocial ValueFunded as follows:UWR'm| Financial Plan ChapterTotalR'mConstruction CommencementDateUmgungundlovu Greater Eston / Richmond 338 (104) 98 72 404 222 104 78 182 31/03/2012Ugu Mhlabatshane BWS Scheme 195 (80) 47 45 207 58 80 69 149 30/09/2010iLembe Ozwathini BWS Scheme 174 - 53 44 271 151 - 120 120 31/03/2010iLembe Maphumulo BWS Scheme (Phase 1) 225 - 60 20 305 177 - 128 128 30/09/2009iLembe Maphumulo BWS Scheme (Phase 2) 136 - 40 61 237 186 - 51 51 30/09/2009iLembe Ncgebo BWS Phase 1 35 - 2 - 37 18 - 19 19 28/02/2009TOTAL 1103 (184) 300 242 1461 812 184 465 649(A) Economic Value: Defined as the future economic benefits which will flow to Umgeni Water with an existing affordable tariff structure over a 20-year repayment term.(B) Social Component reflects the amount that cannot be recovered through the affordable tariff structure.Table 15.35: Impairment of Assets Arising From the Unfunded Social ComponentProject Total Business Plan F'12 F'11 F'12 F'13 F'14 F'15 F'16 F'17R'000 R'000 R'000 R'000 R'000 R'000 R'000 R'000Greater Eston / Richmond 78 000 5 268 16 901 20 387 17 242 16 038 1 060 1 105Mhlabatshane BWS Scheme 69 000 19 887 21 231 22 221 5 662 - - -Ozwathini BWS Scheme 120 000 69 4 155 - 27 905 48 471 39 400 -Maphumulo BWS Scheme (Phase 1) 128 000 40 805 39 586 30 525 17 084 - - -Maphumulo BWS Scheme (Phase 2) 51 000 2 098 14 174 21 391 13 337 - - -Sub-Total Work in Progress 446 000 68 126 96 046 94 525 81 229 64 509 40 460 1 105Commissioned 2010Ncgebo scheme 19 000 19 000 - - - - - -Total Impairments 465 000 87 126 96 046 94 525 81 229 64 509 40 460 1 105Umgeni Water Five-Year Business Plan| 2011/2012 to 2015/2016 Page 117
Page 1:
WF2WaFiv20atev01er fUve11forUe-Y1/r
Page 4 and 5:
Chapter| Table of ContentsPage 2 Um
Page 6:
Chapter| Foreword by the ChiefExecu
Page 9 and 10:
| Introduction and Strategy Chapter
Page 11 and 12:
Page 13 and 14:
| Introduction andd StrategyChapter
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
| Policy StatementChapterChapter 3.
Page 23 and 24:
| Directivesby thee MiniisterChapte
Page 25 and 26:
For thee strategicobjective ‘excc
Page 27 and 28:
| Self-Appraisal Chaptero The proje
Page 29 and 30:
| Participation inCompaniesChapterC
Page 31 and 32:
| Water ResourcesChapterChapter 7.W
Page 33 and 34:
| Water Resources Chapter7.2 Water
Page 35 and 36:
7.4 Water Demands, Planned Developm
Page 37 and 38:
| Water Resources ChapterFigure 7.1
Page 39 and 40:
| Water Resources Chapterconstructi
Page 41 and 42:
| Water ResourcesChapterandSouthCoa
Page 43 and 44:
| BulkPotable WaterSupply PlanChapt
Page 45 and 46:
| BulkPotable Waterr Supply PlanCha
Page 47 and 48:
| Bulk Potable Water Supply Plan Ch
Page 49 and 50:
Page 51 and 52:
8.4.2 Bulk Water Supply Infrastruct
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
| Bulk Wastewater Treatment andd Di
Page 61 and 62:
| RetailSupplyChapterChapter 10.Ret
Page 63 and 64:
| OtheOer Activitiess (Sectionn 30)
Page 65 and 66:
| Other Activities (Section 30) Cha
Page 67 and 68: | HumanResources PlanChapterChapter
Page 69 and 70: | HumanResources PlanChapterFigure1
Page 71 and 72: | Human Resources Plan ChapterThe s
Page 73 and 74: | HumanResources PlanChapter12.7Gov
Page 75 and 76: | Environmental ManaMagementt Progr
Page 77 and 78: | Environmental Management Programm
Page 79 and 80: | Waterr Conservationandd Demand Ma
Page 81 and 82: C1InpvGmeTwaacTcD2Ft2UwmUpC15npevoG
Page 83 and 84: | Financial Plan Chapter15.2.2 Staf
Page 85 and 86: | Financial Plan Chapter15.2.4 Raw
Page 87 and 88: SalTabCusteTheMsunuMguSizaUguiLemSi
Page 89 and 90: | Financial Plan Chapter15.4 Tariff
Page 91 and 92: | Financial Plan Chapter15.5 Subsid
Page 93 and 94: | Financial Plan Chapter15.7 Challe
Page 95 and 96: Table 15.12: Umgeni Water Income St
Page 97 and 98: | Financial Plan ChapterTable 15.14
Page 101 and 102: Table 15.18: Umgeni Water Cash Flow
Page 103 and 104: Table 15.20: Msinsi Holdings Balanc
Page 105 and 106: Table 15.22: Umgeni Water Services
Page 109 and 110: Table 15.26: Group Cash Flow Statem
Page 111 and 112: | Financial Plan Chapter15.9 Capita
Page 113 and 114: | Financial PlanChapterFigure 15. .
Page 115 and 116: | Financial Plan ChapterProject Cat
Page 117: | Financial PlanChapterTable 15.31:
Page 121 and 122: | Financial Plan ChapterProject Cat
Page 123 and 124: | Financial PlanChapterFigure15.8:
Page 125 and 126: | Debt Management and Funding Requi
Page 127 and 128: | Debt Management and Funding Requi
Page 129 and 130: | DebtManagement andd Fundingg Requ
Page 131 and 132: 16.1.6 Debt Curve| Debt Management
Page 133 and 134: | DebtManagement andd Fundingg Requ
Page 135 and 136: | Materiality and significance fram
Page 137 and 138: | Financial Ratios ChapterChapter 1
Page 139 and 140: Table 18.2: Group Financial Ratios|
Page 141 and 142: | Self-Evaluation Staatement onFina
Page 147 and 148: | Self-Evaluation Statement on Fina
Page 149 and 150: | Bank Accounts Chapter19.7 Analysi
Page 151 and 152: | Analysis of o RiskRksChapterChapt
Page 153 and 154: | Analysis of Risks Chapter# Risk a
Page 155 and 156: | Organisational Scorecard: Key Per
Page 165 and 166: | DeclarationChapterChapter 23.Decl
show all

e r 2 - Umgeni Water

Create successful ePaper yourself

Delete template?

Save as template?