GSA Annual Report 2025

125 FINANCIAL STATEMENTS Index Grain South Africa Board responsibilities and approval Grain South Africa Board report Independent auditor's report Statement of financial position Statement of comprehensive income Statement of changes in equity – Group Statement of changes in equity – Organisation Statement of cash flows Accounting policies Notes to the consolidated and separate annual financial statements 126 128 131 134 135 136 136 137 138 145 The reports and statements set out below comprise the annual financial statements presented to the members:

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