STATUTORY REPORTS
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 .
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JDM Minnaar |
F Strydom |
CF Kruger |
Chairman
Klerksdorp 2 July 2020
Chief Executive Officer
Chief Financial Officer
96 ROOTED IN AGRICULTURE