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22. Events after the reporting period
A new private company is in the process of being registered which will be wholly owned by Grain South
Africa. Grain South Africa’s commercial activities will operate in this new private company. Resources will
be moved to the new entity. The restructuring of the group will not have an adverse impact on the remaining
resources within Grain South Africa nor limit our going concern basis in any way.
The Executive is not aware of any material event which occurred after the reporting date and up to the
date of this report that would have a material impact on these financial statements.
23. Post-employment benefit
The permanent employees belong to the pension fund, which is a fixed-contribution plan and is subject
to the Pension Funds Act.
24. Going concern
The annual financial statements have been prepared on the basis of accounting policies applicable to
a going concern. This basis presumes that funds will be available to finance future operations and that
the realisation of assets and settlement of liabilities, contingent obligations and commitments will occur
in the ordinary course of business.
Cash flow forecasts are prepared and monitored on a continuous basis. The Executive is satisfied that
the organisation has a sound financial position and that it has access to sufficient resources to continue
trading in the foreseeable future, and accordingly the financial statements have been prepared on a
going concern basis.
The Executive is not aware of any new material changes that may adversely affect the organisation. The
Executive is also not aware of any material non-compliance with statutory or regulatory requirements or
any pending changes to legislation that may affect the organisation.
FINANC
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STATEMEN
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