128 FINANCIAL STATEMENTS Grain South Africa Board report The Grain South Africa Board has the pleasure in submitting their report on the financial statements of Grain South Africa Group (‘the group’) and Grain South Africa (‘Grain SA’ or ‘the organisation’) for the year ended 30 September 2025. 1. Nature of business MAIN BUSINESS AND OPERATIONS Grain South Africa group of entities and the organisation is incorporated in South Africa and is a group of entities that functions to promote the interests of grain producers within South Africa. The group of entities and the organisation operates in South Africa. There have been no material changes to the nature of the group of entities or the organisation's business from the prior year. REVIEW OF ACTIVITIES The consolidated and separate annual financial statements have been prepared in accordance with the IFRS for SME® Accounting Standard. The accounting policies have been applied consistently compared to the prior year. The operating results and state of affairs of the group of entities and the organisation are fully set out in the financial statements and do not in our opinion require any further comment. 2. Going concern The group of entities and the organisation's 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 Grain South Africa Board is satisfied that the group of entities and the organisation have 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 Grain South Africa Board is not aware of any new material changes that may adversely affect the group of entities and the organisation. The Grain South Africa Board is also not aware of any material non-compliance with statutory or regulatory requirements or any pending changes to legislation that may affect the group of entities and the organisation. 3. Events during and after reporting date The Grain South Africa Board not aware of any matter or circumstance arising since the end of the financial year to the date of this report that could have a material effect on the financial position of the group of entities and the organisation. The Grain South Africa Board is satisfied that the group of entities and the organisation have a sound financial position and that it has access to sufficient resources to continue trading in the foreseeable future.
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