Clariant South Africa (Pty) Ltd 1 | Page 31

Clariant: SA - Energy Management Services Progress Report RICHARDSBAY - NATAL Location Account No Supplier Service Over – Charges Under - Charges : 5 Bauxite Bay : 00356751 0356751 : City Of Umhlathuze : Electricity : R62.03 : R55.30 AUDIT FINDINGS: As part of our audit we verify the monthly costing from the metering to the final charges inclusive of VAT for errors of a financial interpretative and/or clerical nature. rrors Over-Charge: charges ±R62.03as a result of clerical errors made by Council for charges We found over-charges amounting to ± that are not consistent with that of the current By By-law, which is for the month of March 2012. We will investigate this with Council and revert back on the progress thereof in due course. Under-Charge: Based on the bills received to date, we have identified under charges in the amount of ±R55.30. These are under-charges ± for the months of August and September 2012. d We have not addressed this with Council but suggest you make provision/accrue for the under under-charge should the bill be corrected at some point. All Rights Reserved | EMS Division SA | Chris Heunis Page | 30