Clariant South Africa (Pty) Ltd 1 | Page 35

Clariant: SA - Energy Management Services Progress Report RICHARDSBAY - NATAL Location Account No Supplier Service Over – Charges : 5 Bauxite Bay : 01366135 : City Of Umhlathuze : Electricity : R326.01 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. Over-Charge: charges ±R326.01as 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 months of March, July and August , 2012. We will investigate this with Council and revert back on the progress thereof in due course. e 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 t under-charge should the bill be corrected at some point. All Rights Reserved | EMS Division SA | Chris Heunis Page | 34