This is your briecase. You can add pages as you go and create a PDF of the pages you select. Click add page below to add this page to your briefcase.
RESPONSIBILITY FOR ANNUAL FINANCIAL STATEMENTS
|The directors of Reunert are responsible for the integrity of the annual financial statements of the company and group and the objectivity of other information presented in the annual financial statements.
In order to fulfil this responsibility, the group maintains internal accounting and administrative control systems designed to provide reasonable assurance that assets are safeguarded and transactions are executed and recorded in accordance with the group’s policies and procedures.
In presenting the accompanying annual financial statements, International Financial Reporting Standards and its interpretations adopted by the International Accounting Standards Board in issue and effective for the group at 30 September 2013, the SAICA Financial Reporting Guides as issued by the Accounting Practices Committee, the Financial Reporting Pronouncements as issued by the Financial Reporting Standards Council and the requirements of the South African Companies Act, 2008 have been followed. Applicable accounting policies have been used and prudent judgements and estimates have been made. The annual financial statements are examined by our external auditors in conformity with International Standards on Auditing.
The directors, primarily through the audit committee, which consists of at least three independent non-executive directors, meet periodically with the external and internal auditors, as well as executive management to evaluate matters concerning accounting policies, internal control, auditing and financial reporting. The group’s internal auditors independently evaluate the internal controls. The external auditors are responsible for reporting on the financial statements. The external and internal auditors have unrestricted access to all records, property and personnel as well as to the audit committee. The directors are not aware of any material breakdown in the functioning of these controls and systems during the period under review.
In terms of section 11.26 and section 7 d.11 of the Listings Requirements of the JSE, the directors, whose names are given here, are not aware of any legal or arbitration proceedings, including proceedings that are pending or threatened, that may have or have had in the recent past, being at least the previous 12 months, a material effect on the group’s financial position.
Other than the facts and developments reported on in the annual report, there have been no material changes in the affairs or financial position of Reunert and its subsidiaries since the date of this annual report.
On recommendation from the audit committee the annual financial statements appearing on pages 3 to 65 were approved by the Board of Directors on 20 November 2013 and are signed on its behalf by: