AMATOLA WATER BOARD INTEGRATED ANNUAL REPORT 2014/15 CONTENTS Public Entity General Information 1 Reporting Framework 2 Reporting Profile 3 Overview of Amatola Water 6 Business Model and Strategy 11 Corporate Governace 17 Performance Review 59 Review of Operations 70 Economic Outlook and Financial Sustainability 101 G4 Disclosures 106 Annual Financial Statements 120 Annexures 160 Glossary of Terms and Acronyms 164 PUBLIC ENTITY GENERAL INFORMATION Registered name of Public Entity: Amatola Water Board, was established by the then Honourable Minister of Water Affairs and Forestry, as proclaimed in Government Gazette Number 18409, of 14 November 1997. This was done by the Honourable Minister as empowered by the Water Services Act No. 54 of 1956 in terms of section 108(2). Registered Head Office Address: 6 Lancaster Road, Vincent, East London, Eastern Cape, South Africa Postal Address: Private Bag X3, Vincent, 5217 Contact Telephone Numbers: +27 43 707 3700/3752 Website: www.amatolawater.co.za Stakeholder Liaison Officer: Name: Ms. A. Mvunelo or Mr. U. Mbali Contact Details: Office of CEO, 6 Lancaster Road, Vincent, East London, Eastern Cape, South Africa Land Line: 043 707 3701 Email:
[email protected] /
[email protected] 1 REPORTING FRAMEWORK Introduction Amatola Water had adopted a combination of legislative and best practice reporting framework. Amatola Water has adopted basic reporting framework requirements set out by and in the National Treasury Annual Report Template aligned to PFMA and WSA legislative requirements. The Board of Amatola Water and Management in striving to achieve integrated reporting and sustainability reporting has through this report; implemented a format which combines the integrated report framework endorsed by the International Integrated Reporting Council (IIRC) and has combined this report with the Global Reporting Initiatives Sustainability Reporting Guidelines, the fourth generation guidelines, more commonly known as the G4 Guidelines.