AGRIBEL HOLDINGS LTD FINANCIAL REVIEW 2021
AUDITOR ’ S REPORT
To the Shareholders of Agribel Holdings Limited
Report on the Audit of the Consolidated and Separate Financial Statements
Opinion We have audited the consolidated and separate financial statements of Agribel Holdings Limited and its subsidiaries , joint ventures and associates (‘ the group ’ or ‘ Agribel ’) set out on pages 11 to 87 which comprise of the consolidated and separate statements of financial position as at 30 April 2021 , the consolidated and separate statements of comprehensive income , the consolidated and separate statements of changes in equity , the consolidated and separate statements of cash flows for the year then ended , and notes to the consolidated and separate financial statements , including a summary of significant accounting policies .
In our opinion , the consolidated and separate financial statements present fairly , in all material respects , the consolidated and separate financial position of Agribel as at 30 April 2021 , and its consolidated and separate financial performance and consolidated and separate cash flows for the year then ended in accordance with International Financial Reporting Standards and the requirements of the Companies Act of South Africa .
Basis for Opinion We conducted our audit in accordance with International Standards on Auditing ( ISAs ). Our responsibilities under those standards are further described in the Auditor ’ s Responsibilities for the Audit of the consolidated and separate financial statements section of our report . We are independent of the group and company in accordance with the Independent Regulatory Board for Auditors ’ Code of Professional Conduct for Registered Auditors ( IRBA Code ) and other independence requirements applicable to performing audits of financial statements of the group and company and in South Africa . We have fulfilled our other ethical responsibilities in accordance with the IRBA Code and in accordance with other ethical requirements applicable to performing audits of the group and company and in South Africa . The IRBA Code is consistent with the corresponding sections of the International Ethics Standards Board for Accountants ’ International Code of Ethics for Professional Accountants ( including International Independence Standards ). We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion .
Key Audit Matters Key audit matters are those matters that , in our professional judgement , were of most significance in our audit of the consolidated and separate financial statements of the current period . These matters were addressed in the context of our audit of the consolidated and separate financial statements as a whole , and in forming our opinion thereon , and we do not provide a separate opinion on these matters . For each matter below , our description of how our audit addressed the matter is provided in that context .
We have fulfilled the responsibilities described in the Auditor ’ s Responsibilities for the Audit of the consolidated and separate financial statements section of our report , including in relation to these matters . Accordingly , our audit included the performance of procedures designed to respond to our assessment of the risks of material misstatement of the consolidated and separate financial statements . The results of our audit procedures , including the procedures performed to address the matters below , provide the basis for our audit opinion on the accompanying consolidated and separate financial statements .
2 AGRIBEL ANNUAL FINANCIAL REVIEW 2021 Agribel Holdings Limited Reg nr : 1996 / 017629 / 06