Upon the recommendation by the Audit Committee the annual financial statements for the year ended 30 June 2010, which appear on pages 154 to 242 were approved by the Board of directors on 26 August 2010.

The directors are responsible for the fair presentation to shareholders of the affairs of the company and of the Group as at the end of the financial year, and of the results for the period, as set out in the annual financial statements. The directors are responsible for the overall co-ordination of the preparation and presentation, and approval of the financial statements. Responsibility for the initial preparation of these statements has been delegated to the officers of the Company and the Group.

The independent auditors are responsible for auditing and reporting on the financial statements in the course of executing their statutory duties. The financial statements have been prepared on a going concern basis, conform with applicable accounting standards and are presented applying consistent accounting policies supported by reasonable and prudent judgements and estimates. To discharge this responsibility, the Group maintains accounting and administrative control systems designed to provide reasonable assurance that assets are safeguarded and that transactions are executed and recorded in accordance with sound and ethical business practices and procedures. The accounting policies of the Group are set out on pages 175 to 190 of this report.

K Mokhele
Chairman
DH Brown
Chief executive officer

 

 
 
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