Directors’ responsibility for annual financial statements
for the year ended 30 September 2016
The directors of the company are responsible for the preparation and integrity of the summarised consolidated annual financial statements and related financial information included in this report, The annual financial statements have been prepared in accordance with the recognition and measurement requirements of International Financial Reporting Standards and the requirements of the Companies Act, No 71 of 2008, and incorporate full and responsible disclosure in line with the accounting philosophy of the group.
The directors are responsible for the internal controls and management enables the directors to meet these responsibilities. Adequate accounting records and internal controls and systems have been maintained to provide reasonable assurance on the integrity and reliability of the financial statements and to adequately safeguard, verify and maintain accountability for the group’s assets. Such controls are based on established policies and procedures and are implemented by trained personnel with appropriate segregation of duties.
The board is responsible for ensuring that the company maintains a sound and effective system of internal control and risk management. The audit committee assessed the effectiveness of the system of internal control and risk management for the year under review, principally through
self-assessment by, and information from, management and reports from the internal and external auditors. Based on these processes and reports the board is of the opinion that the company’s system of internal control and risk management is effective and provides reasonable assurance on the integrity and reliability of the financial statements and the safeguarding of the company’s assets.
It is the responsibility of the independent auditors to report on whether the summarised consolidated financial statements are fairly presented in accordance with the applicable financial reporting framework.
The summarised consolidated annual financial statements of the year ended 30 September 2016, set out here, were approved by the board of directors at its meeting on 21 November 2016 and are signed on its behalf by:
A de Ruyter
Chief executive officer