ABOUT OUR INTEGRATED REPORT
The primary purpose of Senwes ’ integrated report is to demonstrate to the providers of financial capital and potential investors , how Senwes creates sustainable value over the short , medium and long term .
In acknowledging the fact that sustained value creation does not happen in isolation , the group ’ s approach to value creation is best illustrated through its integrated value-adding business model , strategies , risk assessments , opportunities , performance and governance practices . A balanced and accurate reflection of these material aspects forms the essence of Senwes ’ integrated report . The report also provides stakeholders with a balanced , accurate and transparent assessment on whether the company can deliver on its brand promise .
OUR APPROACH TO REPORTING
This report is prepared in accordance with the International Framework of the International Integrated Reporting Council ( IIRC ) and provides our stakeholders with a concise and transparent assessment of our ability to use our expertise to create sustainable value .
FORWARD-LOOKING STATEMENTS
This report contains certain forward-looking statements with respect to Senwes ’ financial position , results , operations and businesses . These statements and forecasts involve risk and uncertainty , as they relate to events and depend on circumstances that may or may not occur in the future .
The group does not undertake to update or revise any of these forward-looking statements publicly , whether to reflect new information , future events or otherwise . The forward-looking statements have not been audited , reviewed or reported on by EY .
Reporting period The Senwes integrated report is compiled and published annually and this report focuses on the activities and operations of the group for the period 1 May 2020 to 30 April 2021 .
Scope and boundary This report extends beyond financial reporting and includes non-financial information attributable to , or associated with , our key stakeholders , who have a significant impact on , or interest in the group ’ s ability to create value .
Combined assurance The group ’ s external auditor , Ernst & Young Inc . ( EY ), has conducted an independent audit of the group ’ s consolidated annual financial statements . Other sections of the report , consisting of non-financial information , have not been subjected to an independent audit or review and have been compiled , based on internal records and information in the public domain under supervision of CF Kruger CA ( SA ), Group Chief Financial Officer .
Board responsibility statement |
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The Senwes board of directors acknowledges its responsibility |
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of ensuring the integrity of this integrated report which , in the |
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board ’ s opinion , addresses all the issues that are material to the |
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group ’ s ability to create value and fairly presents the integrated performance of the Senwes Group . |
Danie Minnaar Chairman |
Francois Strydom Group Chief Executive Officer |
Venete Klein |
Dries Kruger |
The board has applied its collective mind to the preparation and |
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presentation of this report and believes that it has been prepared |
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in accordance with the IIRC Framework and under the supervision |
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of senior management . It furthermore underwent a rigorous process using both internal and external assurances . The report was approved by the board of directors of Senwes on 1 July 2021 . |
Steve Booysen Vice Chairman |
Corné Kruger Group Chief Financial Officer |
Pieter Stander |
Thabo van Zyl |
6 SENWES INTEGRATED REPORT 2021 RESILIENCE