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FINANCIALS
ANNUAL FINANCIAL STATEMENTS
RESPONSIBILITY FOR ANNUAL FINANCIAL STATEMENTS
The board of directors is responsible for the preparation of financial
statements, on a consistent basis and supported by reasonable and
prudent judgements and estimates, that fairly present the state
of affairs of the company and of the group in accordance with South
African Statements of Generally Accepted Accounting Practice.
The board is satisfied that adequate internal accounting controls
and systems are maintained, aimed at providing reasonable assurance
that assets are adequately safeguarded, based on established policies
and procedures implemented by competent personnel who are required
to maintain the highest ethical standards at all times. In the opinion
of the directors, the company and the group will continue as a going
concern for the foreseeable future.
The audit committee is composed of two non-executive directors and
meets formally at least twice a year with the external auditors
and management. The external auditors have unrestricted access to
this committee and to all company records and personnel.
BOARD APPROVAL
The annual financial statements and group annual financial statements
for the eighteen months ended 31 December 2001, which have been
approved by the board of directors, are attached:
Directors' Report
Balance Sheets
Income Statements
Statements of Changes
in Shareholders' Equity
Cash Flow Statements
Notes to the Financial Statements
Signed on behalf of the board
N I JOWELL CHAIRMAN
D M NUREK DIRECTOR
CAPE TOWN
6 MARCH 2002
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