AGRIBEL HOLDINGS LTD FINANCIAL REVIEW 2021
THE BOARD OF DIRECTORS
The directors are responsible for the preparation , integrity and reasonableness of the presentation of the separate and consolidated financial statements (“ annual financial statements ”) of the company and its subsidiaries , associates and joint ventures . The annual financial statements set out on pages 1 to 87 have been prepared in accordance with International Financial Reporting Standards ( IFRS ) as issued by the International Accounting Standards Board ( IASB ), its interpretations issued by the IFRS Interpretations Committee ( IFRIC ), the SAICA Financial Reporting Guides as issued by the Accounting Practices Committee and Financial Pronouncements as issued by the Financial Reporting Standards Council and the Companies Act of South Africa .
The directors are also responsible for the financial control and risk management of the company and its subsidiaries , which are reviewed regularly . These controls are designed to provide reasonable but not absolute assurance with regards to the reliability of the annual financial statements , to provide adequate safeguarding and maintenance of assets and to prevent and identify misrepresentations and losses . No material deficiency in the functioning of these controls , procedures and systems came to the attention of the board during the year under review .
The annual financial statements were prepared on a going concern basis . With the exception of Tradevantage ( Pty ) Ltd , Graanmakelaars ( Pty ) Ltd , Africum Mills ( Pty ) Ltd and Agrifriend Commodities ( Pty ) Ltd , the directors have no reason to believe that the group or any company within the group will not be a going concern in the foreseeable future , based on results , operational trends , market environment , estimates and forecasts , risks , capital structure and available cash and financial resources .
The annual financial statements were audited by the independent auditor , Ernst & Young Inc . The independent auditor had unrestricted access to all financial records , including all minutes of the board , board committees and management and shareholder meetings . The board believes that all representations made to the independent auditor during the audit were valid and proper .
The annual financial statements for the year ended 30 April 2021 , set out on pages 1 to 87 , have been approved by the board .
AJ Kruger Chairman Klerksdorp 1 July 2021
NDP Liebenberg Vice-chairman
ACT 71 OF 2008 ( AS AMENDED ) ( THE ACT )
These annual financial statements have been audited in accordance with the Act . These annual financial statements have been prepared under the supervision of Danelle Labuschagne CA ( SA ).
THE COMPANY SECRETARY
In accordance with section 88 of the Companies Act , where applicable , it is hereby certified that the company and its subsidiaries have lodged all such returns for the year ended 30 April 2021 as required of a public company in terms of the aforesaid Act , with the Registrar of Companies and Intellectual Property Commission ( CIPC ) and that such returns are true , correct and up to date .
AE Scholtz Company Secretary Klerksdorp 1 July 2021
Agribel Holdings Limited Reg nr : 1996 / 017629 / 06 AGRIBEL ANNUAL FINANCIAL REVIEW 2021
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