Currently viewing: Directors' approval
The directors are responsible for both the preparation and integrity of the consolidated and separate financial statements and related financial information contained in the Integrated Annual Report. In their opinion, the consolidated and separate financial statements fairly represent the Group’s financial position and results of operations. It is the responsibility of the independent auditors to report on the consolidated and separate financial statements. Their report to the members of the Company is set out on here.
In order for the directors to discharge their responsibility, the Group maintains adequate accounting systems, risk control procedures and accounting records. A system of internal control, focused on critical risk areas and designed to provide reasonable assurance that assets are safeguarded, and that the risk of error, fraud or loss is reduced in a cost-effective manner, has been implemented. All controls are frequently monitored and subject to review and audit. There was no material breakdown in the system of internal control during the year under review.
The Group adopts appropriate accounting policies and the consolidated and separate annual financial statements are prepared in accordance with International Financial Reporting Standards and the requirements of the Companies Act of South Africa. The consolidated and separate financial statements incorporate full and meaningful disclosure, and have been prepared using reasonable and proven judgements and estimates.
The consolidated and separate financial statements have been prepared under the supervision of the Chief Financial Officer, Mr B G Wood CA(SA), and have been audited in terms of the Companies Act of South Africa.
The directors are of the opinion that the consolidated and separate business will continue as a going concern in the year ahead.
The annual financial statements have accordingly been prepared on a going concern basis.
CODE OF ETHICS
The directors have complied with the Group’s code of ethics.
APPROVAL OF ANNUAL FINANCIAL STATEMENTS
The annual financial statements of the Company and the Group were approved by the Board on 20 September 2017 and signed on its behalf by:
|J N Potgieter
Chief Executive Officer
|B G Wood
Chief Financial Officer
COMPANY SECRETARY’S APPROVAL
In terms of the Companies Act, No 71 of 2008, I certify that the Company has lodged, with the Registrar of Companies, all such returns as are required of a public company in terms of the Companies Act, and that all such returns are true, correct and up to date.
E J Willis
20 September 2017