{"id":386,"date":"2023-06-27T11:44:14","date_gmt":"2023-06-27T11:44:14","guid":{"rendered":"http:\/\/localhost\/ppecb2025\/?page_id=386"},"modified":"2025-08-18T15:17:53","modified_gmt":"2025-08-18T15:17:53","slug":"statement-of-financial-position","status":"publish","type":"page","link":"https:\/\/annualreports.ppecb.com\/2425\/part-4-annual-financial-statements\/statement-of-financial-position\/","title":{"rendered":"Statement Of Financial Position"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|tablet&#8221; module_id=&#8221;section_one&#8221; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#FFFFFF&#8221; custom_padding=&#8221;76px||0px|||&#8221; custom_padding_tablet=&#8221;76px|20px|0px|20px|false|true&#8221; custom_padding_phone=&#8221;76px|20px|0px|20px|false|true&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row module_id=&#8221;BreadcrumbRow&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; positioning=&#8221;absolute&#8221; position_origin_a=&#8221;top_center&#8221; width=&#8221;90%&#8221; max_width=&#8221;100%&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;0px|20px|0px|20px|true|true&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; saved_specialty_column_type=&#8221;3_4&#8243; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_code _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<div class=\"breadcrumb__2024\"><span><a href=\"https:\/\/annualreports.ppecb.com\/2425\/part-4-annual-financial-statements\/\" style=\"color:#f5821f;\">Part 4 > <\/a>  Statement Of Financial Position<\/span><\/div><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] --><\/p>\n<style><!-- [et_pb_line_break_holder] -->  .et_pb_column:has(.breadcrumb__2024) {<!-- [et_pb_line_break_holder] -->    position: static !important;<!-- [et_pb_line_break_holder] -->  }<!-- [et_pb_line_break_holder] -->  .et_pb_row:has(.content__column) {<!-- [et_pb_line_break_holder] -->    position: static !important;<!-- [et_pb_line_break_holder] -->  }<!-- [et_pb_line_break_holder] --><\/style>\n<p><!-- [et_pb_line_break_holder] -->[\/et_pb_code][\/et_pb_column][\/et_pb_row][et_pb_row module_class=&#8221;page-head-section pageHead__Top&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; max_width=&#8221;1280px&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;|0px||0px|false|true&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;all-round-gothic|300||on|||||&#8221; text_text_color=&#8221;#F5821F&#8221; text_font_size=&#8221;44px&#8221; text_letter_spacing=&#8221;8px&#8221; text_line_height=&#8221;1em&#8221; custom_margin=&#8221;0px||0px||true|false&#8221; custom_margin_tablet=&#8221;0px||0px|0px|true|false&#8221; custom_margin_phone=&#8221;0px||0px|0px|true|false&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; text_font_size_tablet=&#8221;40px&#8221; text_font_size_phone=&#8221;28px&#8221; text_font_size_last_edited=&#8221;on|desktop&#8221; text_letter_spacing_tablet=&#8221;8px&#8221; text_letter_spacing_phone=&#8221;8px&#8221; text_letter_spacing_last_edited=&#8221;on|phone&#8221; custom_css_main_element=&#8221;font-weight: 500;&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Statement of Financial Position<\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;all-round-gothic|300||on|||||&#8221; text_text_color=&#8221;#F5821F&#8221; text_font_size=&#8221;44px&#8221; text_letter_spacing=&#8221;8px&#8221; text_line_height=&#8221;1em&#8221; custom_margin=&#8221;0px||0px||true|false&#8221; custom_margin_tablet=&#8221;0px||0px|0px|true|false&#8221; custom_margin_phone=&#8221;0px||0px|0px|true|false&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; text_font_size_tablet=&#8221;40px&#8221; text_font_size_phone=&#8221;28px&#8221; text_font_size_last_edited=&#8221;on|desktop&#8221; text_letter_spacing_tablet=&#8221;8px&#8221; text_letter_spacing_phone=&#8221;8px&#8221; text_letter_spacing_last_edited=&#8221;on|phone&#8221; custom_css_main_element=&#8221;font-weight: 500;&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>as at 31 March 2025<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; max_width=&#8221;1280px&#8221; module_alignment=&#8221;center&#8221; custom_padding=&#8221;||98px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text module_class=&#8221;section-content ul-arrow financial-table&#8221; _builder_version=&#8221;4.22.1&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Open Sans||||||||&#8221; text_text_color=&#8221;#000000&#8243; header_2_font=&#8221;Open Sans|600|||||||&#8221; header_2_text_align=&#8221;left&#8221; header_2_text_color=&#8221;#00adef&#8221; header_2_font_size=&#8221;15px&#8221; header_2_line_height=&#8221;1.9em&#8221; custom_margin=&#8221;||14px|||&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n\n<table id=\"tablepress-43\" class=\"tablepress tablepress-id-43 right__aligned alternate__columns alternate__columns--grey th__border--blue align__middle row__border--none\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Figures in Rand<\/th><th class=\"column-2\">Note(s)<\/th><th class=\"column-3\">2025<\/th><th class=\"column-4\">2024 Restated*<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><strong>Assets<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><strong>Current Assets<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Trade and other receivables<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">80,626,220<\/td><td class=\"column-4\">171,424,206<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Cash and cash equivalents<\/td><td class=\"column-2\">4<\/td><td class=\"column-3\">114,678,002<\/td><td class=\"column-4\">58,884,991<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Operating lease asset<\/td><td class=\"column-2\">5<\/td><td class=\"column-3\">866,643<\/td><td class=\"column-4\">-<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><strong class=\"border__tb\">196,170,865<\/strong><\/td><td class=\"column-4\"><strong>230,309,197<\/strong><\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\"><strong>Non-Current Assets<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Property, plant and equipment<\/td><td class=\"column-2\">6<\/td><td class=\"column-3\">48,006,018<\/td><td class=\"column-4\">50,187,630<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\"><strong class=\"border__tb\">Total Assets<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><strong>244,176,883<\/strong><\/td><td class=\"column-4\"><strong>280,496,827<\/strong><\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\"><strong>Liabilities<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\"><strong>Current Liabilities<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Operating lease liability<\/td><td class=\"column-2\">5<\/td><td class=\"column-3\">-<\/td><td class=\"column-4\">433,958<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Trade and other payables<\/td><td class=\"column-2\">7<\/td><td class=\"column-3\">62,744,664<\/td><td class=\"column-4\">74,789,349<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Provisions<\/td><td class=\"column-2\">8<\/td><td class=\"column-3\">1,799,784<\/td><td class=\"column-4\">1,509,161<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><strong class=\"border__tb\">64,544,448<\/strong><\/td><td class=\"column-4\"><strong>76,732,468<\/strong><\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\"><strong class=\"border__tb\">Total Liabilities<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><strong>64,544,448<\/strong><\/td><td class=\"column-4\"><strong>76,732,468<\/strong><\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\"><strong class=\"border__tb\">Net Assets<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><strong>179,632,435<\/strong><\/td><td class=\"column-4\"><strong>203,764,359<\/strong><\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\"><strong>Reserves<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">Asset replacement reserve<\/td><td class=\"column-2\">9<\/td><td class=\"column-3\">72,009,513<\/td><td class=\"column-4\">35,492,310<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">Revaluation reserve<\/td><td class=\"column-2\">10<\/td><td class=\"column-3\">14,197,639<\/td><td class=\"column-4\">19,063,411<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\">Self-insurance reserve<\/td><td class=\"column-2\">11<\/td><td class=\"column-3\">17,528,789<\/td><td class=\"column-4\">20,415,612<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\">General reserves fund<\/td><td class=\"column-2\"><\/td><td class=\"column-3\">75,896,494<\/td><td class=\"column-4\">128,793,026<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\"><strong class=\"border__tb--topl\">Total Net Assets<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><strong>179,632,435<\/strong><\/td><td class=\"column-4\"><strong>203,764,359<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-43 from cache -->\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]*See Note 19[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p><div class=\"breadcrumb__2024\"><span><a href=\"https:\/\/annualreports.ppecb.com\/2425\/part-4-annual-financial-statements\/\" style=\"color:#f5821f;\">Part 4 > <\/a>  Statement Of Financial Position<\/span><\/div>Statement of Financial Positionas at 31 March 2025\n<table id=\"tablepress-43-no-2\" class=\"tablepress tablepress-id-43 right__aligned alternate__columns alternate__columns--grey th__border--blue align__middle row__border--none\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Figures in Rand<\/th><th class=\"column-2\">Note(s)<\/th><th class=\"column-3\">2025<\/th><th class=\"column-4\">2024 Restated*<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><strong>Assets<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><strong>Current Assets<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Trade and other receivables<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">80,626,220<\/td><td class=\"column-4\">171,424,206<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Cash and cash equivalents<\/td><td class=\"column-2\">4<\/td><td class=\"column-3\">114,678,002<\/td><td class=\"column-4\">58,884,991<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Operating lease asset<\/td><td class=\"column-2\">5<\/td><td class=\"column-3\">866,643<\/td><td class=\"column-4\">-<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><strong class=\"border__tb\">196,170,865<\/strong><\/td><td class=\"column-4\"><strong>230,309,197<\/strong><\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\"><strong>Non-Current Assets<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Property, plant and equipment<\/td><td class=\"column-2\">6<\/td><td class=\"column-3\">48,006,018<\/td><td class=\"column-4\">50,187,630<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\"><strong class=\"border__tb\">Total Assets<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><strong>244,176,883<\/strong><\/td><td class=\"column-4\"><strong>280,496,827<\/strong><\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\"><strong>Liabilities<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\"><strong>Current Liabilities<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Operating lease liability<\/td><td class=\"column-2\">5<\/td><td class=\"column-3\">-<\/td><td class=\"column-4\">433,958<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Trade and other payables<\/td><td class=\"column-2\">7<\/td><td class=\"column-3\">62,744,664<\/td><td class=\"column-4\">74,789,349<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Provisions<\/td><td class=\"column-2\">8<\/td><td class=\"column-3\">1,799,784<\/td><td class=\"column-4\">1,509,161<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><strong class=\"border__tb\">64,544,448<\/strong><\/td><td class=\"column-4\"><strong>76,732,468<\/strong><\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\"><strong class=\"border__tb\">Total Liabilities<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><strong>64,544,448<\/strong><\/td><td class=\"column-4\"><strong>76,732,468<\/strong><\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\"><strong class=\"border__tb\">Net Assets<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><strong>179,632,435<\/strong><\/td><td class=\"column-4\"><strong>203,764,359<\/strong><\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\"><strong>Reserves<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">Asset replacement reserve<\/td><td class=\"column-2\">9<\/td><td class=\"column-3\">72,009,513<\/td><td class=\"column-4\">35,492,310<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">Revaluation reserve<\/td><td class=\"column-2\">10<\/td><td class=\"column-3\">14,197,639<\/td><td class=\"column-4\">19,063,411<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\">Self-insurance reserve<\/td><td class=\"column-2\">11<\/td><td class=\"column-3\">17,528,789<\/td><td class=\"column-4\">20,415,612<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\">General reserves fund<\/td><td class=\"column-2\"><\/td><td class=\"column-3\">75,896,494<\/td><td class=\"column-4\">128,793,026<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\"><strong class=\"border__tb--topl\">Total Net Assets<\/strong><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><strong>179,632,435<\/strong><\/td><td class=\"column-4\"><strong>203,764,359<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n*See Note 19<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":376,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"<!-- wp:divi\/placeholder 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