The directors are responsible for the preparation, integrity and fair presentation of the financial statements of AFGRI Limited and its subsidiaries. The financial statements presented on pages 49 to 124 have been prepared in accordance with International Financial Reporting Standards and in the manner required by the Companies Act of South Africa, and include amounts based on judgements and estimates made by management. The directors also prepared the other information included in the annual report and are responsible for both its accuracy and its consistency with the financial statements.
The going concern basis has been adopted in preparing the financial statements. The directors have no reason to believe that the Group or any Company within the Group will not be going concerns in the foreseeable future based on forecasts and available cash resources. These financial statements support the viability of the Company and the Group.
The financial statements have been audited by the independent auditing firm, PricewaterhouseCoopers Incorporated, who were given unrestricted access to all financial records and related data, including minutes of all meetings of shareholders, the Board of Directors and committees of the Board. The directors believe that all representations made to the independent auditors during their audit are valid and appropriate. PricewaterhouseCoopers Incorporated audit report is presented here.
The financial statements were approved by the Board of Directors on 1 September 2009 and are signed on its behalf by:
DD de Beer
Chairman
JPR Mbau
Joint Vice Chairman
JJ Claassen
Joint Vice Chairman
Centurion
1 September 2009