INTRODUCTION
T
he condensed consolidated interim results of Senwesbel Limited (“the
company”) as at, and for the six months ended, 31 October 2019 comprise of
the company, all its subsidiaries, jointly controlled entities and associate
(jointly referred to as “the group”).
The Senwesbel Limited condensed consolidated interim results, including the
statement of financial position, statement of comprehensive income, statement of
changes in equity and statement of cash flows, for the six months ended 31 October
2019 are prepared in accordance with the requirements of the International Financial
Reporting Standards (IFRS) and its interpretations as adopted by the International
Accounting Standards Board, the South African Institute of Chartered Accountants
(SAICA) Financial Reporting Guides as issued by the Accounting Practices Committee,
financial pronouncements as issued by the Financial Reporting Standards Council, the
presentation requirements of IAS 34 Interim Financial Reporting and the requirements
of the South African Companies Act, 71 of 2008.
The accounting policies applied in the preparation of these condensed consolidated
interim results are in terms of IFRS and are consistent with the accounting policies
applied in the preparation of the group’s previous audited consolidated annual
financial statements, except as stated in note 9 of these financial statements.
These interim results have not been audited or independently reviewed by the group’s
external auditors. The interim condensed consolidated financial statements do not
include all the information and disclosures required in the annual financial statements
and should be read in conjunction with the group’s annual financial statements as at
30 April 2019.
All amounts relate to the group’s results, unless otherwise specified.
The directors of the group take full responsibility for the preparation of this report.
The preparation of the group’s results was supervised by E X Walker, CA (SA).
The results were published on 5 December 2019.
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SENWESBEL INTERIM RESULTS 31 OCTOBER 2019