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The directors of Reunert Limited 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 assurance that assets are safeguarded and that transactions are executed and recorded in accordance with the group's policies and procedures.
The annual financial statements, prepared in terms of South African Statements of Generally Accepted Accounting Practice, are examined by our auditors in conformity with statements of South African auditing standards.
An audit committee, consisting of three non-executive directors, including the chairman, and two executive directors, meets periodically with both our internal and external auditors to ensure that internal financial controls provide reasonable assurance that the group's assets are safeguarded and that the financial records may be relied upon for the preparation of the financial statements.
The directors confirm that the group has adequate resources to operate for the foreseeable future and will remain a viable going concern in the year ahead.
The annual financial statements appearing on pages 40 to 77 were approved by the board of directors on 18 November 2002 and are signed on its behalf by:
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