Clariant South Africa (Pty) Ltd 1 | Page 32

Clariant: SA - Energy Management Services Progress Report RICHARDSBAY - NATAL Location Account No Supplier Service Under - Charges : 5 Bauxite Bay : 00356751 : City Of Umhlathuze : Water : R2, 306.27 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. Under-Charge: Based on the bills received to date, we have identified under charges in the amount of ±R2, 306.27. These under-charges ± are for the months of August and September 2012. We have not addressed this with Council but suggest you make provision/accrue for the under-charge provision/accrue under should the bill be corrected at some point. All Rights Reserved | EMS Division SA | Chris Heunis Page | 31