INTRODUCTION AND SCOPE OF THE REPORT
The Senwesbel Limited (“Senwesbel”) board is pleased to present the condensed annual report of the Senwesbel
Group for the year ended 30 April 2020. This report should be read together with the complete annual financial
statements on the Senwes website. An independent audit of the group’s annual financial statements was
performed by Ernst & Young Inc.
Senwesbel, as an investment holding company, is the majority shareholder of Senwes Limited (“Senwes”) and
this shareholding is the only investment held by Senwesbel. Corporate governance, operational review and
sustainability reports are not disclosed in the Senwesbel condensed annual report. These reports are disclosed
in detail by Senwes. Refer to the Senwes website, www.senwes.co.za, for these reports.
This report reflects the events of the year ended 30 April 2020 and makes relevant comparisons to prior periods.
REPORTING PRINCIPLES
Where applicable, the information provided complies with International Financial Reporting Standards (IFRS)
and the South African Companies Act no. 71 of 2008. The accounting policies adopted by the group for the
current year are consistent with the policies followed in the preparation of the group’s annual financial statements
for the previous financial year, except where accounting standards changed and/or have been updated.
The information contained in this report has not been subjected to an independent audit or review and has
been derived at on the basis of internal records and information in the public domain under supervision of
EX Walker, CA (SA).
Senwesbel Limited Reg nr: 1996/017629/06 SENWESBEL CONDENSED ANNUAL REPORT 2020
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