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Overview
G
rain South Africa is in the fortunate position to end this financial year with a sur-
plus. This is due to the opportunity to host NAMPO, NAMPO Cape and NAMPO
Alfa again. Our members also had a significant role to play due to their dedication
and levies paid to the organisation. The results are visible in the financial statements.
Results
The past two years were challenging and we ended the financial years with a deficit of R5,4 million
and R17 million respectively. However, we are grateful to report that the current year ended with a
surplus of R7,1 million. Our cash flow statement included in our financial statements is positive. Total
assets exceed total liabilities. Equity increased by R7,1 million due to our surplus for the financial year.
Grain South Africa remains a moderate investor and our investments achieved an average perfor-
mance for the financial year under review. We update our risk register regularly to ensure everyone is
aware of our risks. This also enables us to manage and circumvent our risks.
We gladly present the 2022 financial statements included on pages 104 to 133 and an unqualified
audit opinion issued by PwC.
TEAM
POSITIVE FIGURES,
positive
FINANCE AND
CORPORATE SERVICES