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Executive’s report
Hoofbestuur se verslag
T
he Executive has pleasure in submitting their report on the financial
statements of Grain SA for the year ended 30 September 2019.
NATURE OF BUSINESS
Grain SA is incorporated in South Africa and is an organisation that
functions to promote the interests of grain producers within South Africa.
The organisation operates in South Africa.
There have been no material changes to the nature of the organisation's
business from the prior year.
CONTACT INFORMATION
Business address Block C
Alenti Office Park
457 Witherite Avenue
The Willows
Pretoria
0041
Postal address
PO Box 74087
Lynnwood Ridge
Pretoria
0040
REVIEW OF FINANCIAL RESULTS AND ACTIVITIES
The financial statements have been prepared in accordance with the
International Financial Reporting Standard for Small and Medium-
sized Entities. The accounting policies have been applied consistently
compared to the prior year.
GOING CONCERN
The 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.
The Executive believes that the organisation has sufficient financial
resources to continue trading in the foreseeable future and accordingly
the financial statements have been prepared on a going concern basis.
The Executive is satisfied that the organisation has a sound financial
position and that it has access to sufficient loan facilities to comply with
all foreseeable cash requirements. 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, except for the contingent
liability as disclosed in note 15.
EVENTS AFTER THE REPORTING PERIOD
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, except for the contingent
liability as disclosed in note 15.
D
it is vir die Hoofbestuur aangenaam om hul verslag oor die finan-
siële state van Graan SA vir die jaar geëindig 30 September 2019,
in te dien.
AARD VAN BESIGHEID
Graan SA is in Suid-Afrika geïnkorporeer en is ’n organisasie wat funk-
sioneer ter bevordering van die belange van graanprodusente binne
Suid-Afrika. Die organisasie dryf handel in Suid-Afrika.
Daar was geen wesenlike veranderings in die organisasie se aard van
besigheid sedert die vorige jaar nie.
KONTAKBESONDERHEDE
Besigheidsadres
Blok C
Alenti Office Park
Witheritelaan 457
The Willows
Pretoria
0041
Posadres
Posbus 74087
Lynnwoodrif
Pretoria
0040
OORSIG VAN FINANSIËLE RESULTATE
EN AKTIWITEITE
Die finansiële state is voorberei in ooreenstemming met International
Financial Reporting Standard for Small and Medium-sized Entities. Die
rekeningkundige beleid is konsekwent in vergelyking met die vorige
jaar toegepas.
LOPENDE SAAK
Die finansiële state is opgestel op grond van rekeningkundige beleid
wat op ’n lopende saak van toepassing is. Die grondslag veronderstel
dat fondse beskikbaar sal wees om toekomstige bedrywighede te
finansier en dat die realisering van bates en vereffening van laste,
voorwaardelike verpligtinge en aanspreeklikhede in die gewone gang
van sake sal plaasvind.
Die Hoofbestuur glo dat die organisasie oor voldoende finansiële
hulpbronne beskik om voort te gaan met handel in die afsienbare
toekoms en dienooreenkomstig is die finansiële state op ’n lopendesaak-
grondslag voorberei.
Die Hoofbestuur is tevrede dat die organisasie oor ’n gesonde finansiële
posisie beskik en dat dit toegang het tot voldoende leningsfasiliteite om
alle afsienbare kontantvereistes na te kom. Die Hoofbestuur is nie bewus
van enige nuwe wesenlike veranderings wat die organisasie nadelig kan
affekteer nie.
Die Hoofbestuur is ook nie bewus van enige wesenlike nie-voldoening
aan statutêre of regulatoriese vereistes of enige hangende veranderings
aan wetgewing wat die organisasie kan affekteer nie, behalwe die
voorwaardelike aanspreeklikheid soos geopenbaar in aantekening 15.
GEBEURE NA DIE VERSLAGDOENINGSTYDPERK
Die Hoofbestuur is nie bewus van enige wesenlike gebeurlikhede wat
plaasgevind het na die verslagdoeningsdatum tot en met die datum van
hierdie verslag nie, behalwe die voorwaardelike aanspreeklikheid soos
geopenbaar in aantekening 15.