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 independent, non-executive directors,
one of whom acts as chairman, and two executive directors, meets periodically
with both the 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.
In terms of Section 11.26 of the Listings Requirements of the JSE Securities
Exchange, the directors, whose names are given on pages 6 and 7 the annual
report of which this statement of directors’ responsibility forms part, 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 posting this annual report.
The annual financial statements appearing on pages 39 to 85 were approved by
the board of directors on 26 November 2003 and are signed on its behalf by: |
