INTRODUCTION
T
he condensed consolidated interim results of Senwesbel Limited (the
“company”) as at and for the six months ended 31 October 2016 comprise
of the company, its subsidiary and its subsidiaries and jointly controlled
entities (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 2016 are prepared in accordance with the requirements of the Inter-
national 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 Com-
panies Act, 71 of 2008.
The accounting policies applied in the preparation of these condensed conso-
lidated interim results are in accordance with IFRS and are consistent with the
accounting policies applied in the preparation of the group’s previous audited
consolidated annual financial statements.
These interim results have not been audited or independently reviewed by the
group’s external auditors. The interim condensed consolidated financial state-
ments do not include all the information and disclosures required in the annual
financial statements, and should be read in conjunction with the group’s annu-
al financial statements as at 30 April 2016.
All assets and liabilities measured at fair value are based on quoted market
prices in an active market and therefore disclosed as level 1. There were no
changes in levels or new items added since the annual financial statements of
30 April 2016.
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 R Wolmarans CA (SA).
DIVIDEND DECLARATION
T
he board of directors has decided to postpone the consideration of an
interim dividend to March 2017, when there will be more certainty regar-
ding the potential of the current season.
SENWESBEL INTERIM RESULTS 31 OCTOBER 2016
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