STATUTORY REPORTS
STATEMENT OF RESPONSIBILITY
BY 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, associate and joint ventures. The annual
financial statements set out on pages 96 to 191 have been prepared in
accordance with International Financial Reporting Standards (IFRS) as
issued by the International Accounting Standards Board (IASB), its interpretations
as 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. 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 2020, set
out on pages 96 to 191, were approved by the board.
_____________ _____________ _________________
JDM Minnaar F Strydom CF Kruger
Chairman
Klerksdorp
2 July 2020
Chief Executive
Officer
Chief Financial
Officer
96 ROOTED IN AGRICULTURE