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Executive’s report
Hoofbestuur se verslag
Dit is vir die Hoofbestuur ’n plesier om hul verslag oor die finan
siële state van Graan SA vir die jaar geëindig 30 September 2018,
in te dien.
1. Aard van besigheid
Graan SA is in Suid-Afrika geïnkorporeer en is ’n vereniging wat
funksioneer ter bevordering van die belange van graanprodusente
binne Suid-Afrika.
Die entiteit dryf handel in Suid-Afrika.
Daar was geen wesenlike veranderings in die entiteit 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
2. 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.
3. Lopende saak
Die Hoofbestuur glo dat die entiteit oor voldoende finansiële hulp-
bronne beskik om voort te gaan met handel in die afsienbare toekoms
en dienooreenkomstig is die finansiële state op ’n lopendesaak-grond-
slag voorberei.
Die Hoofbestuur het hulself tevrede gestel dat die entiteit 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 entiteit 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
entiteit kan affekteer nie, buiten die voorwaardelike aanpsreeklikheid
soos geopenbaar in nota 15.
4. 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 aanpsreeklikheid
soos geopenbaar in nota 15.
The Executive has pleasure in submitting their report on
the financial statements of Grain SA for the year ended
30 September 2018.
1. Nature of business
Grain SA is incorporated in South Africa and is an association
that functions to promote the interests of grain producers within
South Africa.
The entity operates in South Africa.
There have been no material changes to the nature of the entity’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
2. 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.
3. Going concern
The Executive believes that the entity 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 satisfied themselves that the entity 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 entity.
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 entity, except for the contingent liability as
disclosed in note 15.
4. 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.