120 / 143
118
Jaarverslag 2018
annual report 2018
Independent auditor’s report
To the Members of Grain SA
Our opinion
In our opinion, the financial statements present fairly, in all mate-
rial respects, the financial position of Grain SA (the Entity) as at
30 September 2018, and its financial performance and cashflows
for the year then ended in accordance with the International Financial
Reporting Standard for Small and Medium-sized Entities.
What we have audited
Grain SA’s financial statements set out on pages 121 to 137 comprise:
• The statement of financial position as at 30 September 2018.
• The statement of comprehensive income for the year then ended.
• The statement of changes in equity for the year then ended.
• The statement of cashflows for the year then ended.
• The notes to the financial statements, which include a summary
of significant accounting policies.
Basis for opinion
We conducted our audit in accordance with International Standards on
Auditing (‘ISAs’). Our responsibilities under those standards are further
described in the auditor’s responsibilities for the audit of the financial
statements section of our report.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Independence
We are independent of the Entity in accordance with the Independ-
ent Regulatory Board for Auditors Code of Professional Conduct for
Registered Auditors (IRBA Code) and other independence requirements
applicable to performing audits of financial statements in South Africa.
We have fulfilled our other ethical responsibilities in accordance with the
IRBA Code and in accordance with other ethical requirements applicable
to performing audits in South Africa. The IRBA Code is consistent with the
International Ethics Standards Board for Accountants Code of Ethics for
Professional Accountants (Parts A and B).
Emphasis of matter
We draw attention to Note 16 to these financial statements, where a
contingent liability was disclosed for a possible but uncertain income
tax obligation. Our opinion is not modified in respect of this matter.
Onafhanklike ouditeur se verslag
Aan die Lede van Graan SA
Ons mening
Na ons mening is die finansiële state, in alle wesenlike opsigte, ’n rede-
like voorstelling van die finansiële stand van Graan SA (die Entiteit)
soos op 30 September 2018, en die Entiteit se finansiële prestasie en
kontantvloeie vir die jaar wat op daardie datum geëindig het, ooreen-
komstig die International Financial Reporting Standard for Small and
Medium-sized Entities.
Wat ons geoudit het
Graan SA se finansiële state soos uiteengesit op bladsye 121 tot 137
bestaan uit:
• Die staat van finansiële posisie soos op 30 September 2018.
• Die staat van omvattende inkomste vir die jaar wat op daardie
datum geëindig het.
• Die staat van veranderings in ekwiteit vir die jaar wat op daardie
datum geëindig het.
• Die staat van kontantvloeie vir die jaar wat op daardie datum
geëindig het.
• Die aantekeninge, wat bestaan uit ’n opsomming van beduidende
rekeningkundige beleid en ander verduidelikende inligting.
Grondslag vir mening
Ons het ons oudit ooreenkomstig International Standards on Audit-
ing (“ISAs”) uitgevoer. Ons verantwoordelikhede ingevolge daardie
standaarde word verder beskryf in die ouditeur se verantwoordelikhede
vir die oudit van die finansiële state-afdeling van ons verslag.
Ons glo dat die ouditbewyse wat ons verkry het, toereikend en toepaslik
is om ’n grondslag vir ons ouditmening te bied.
Onafhanklikheid
Ons is onafhanklik van die Entiteit in ooreenstemming met die Inde-
pendent Regulatory Board for Auditors (IRBA) se Code of Professional
Conduct for Registered Auditors (IRBA Code) en ander onafhanklik-
heidsvereistes wat van toepassing is op oudits van finansiële state in
Suid-Afrika. Ons het ons ander etiese verantwoordelikhede ooreen-
komstig die “IRBA Code” en ooreenkomstig ander etiese vereistes wat
van toepassing is op oudits in Suid-Afrika, vervul. Die “IRBA Code” is
konsekwent met die International Ethics Standards Board for Account-
ants Code of Ethics for Professional Accountants (Parts A and B).
Beklemtoningsparagraaf
Ons vestig aandag op Nota 16 tot die finasiele state, waar ’n voor
waardelike aanspreeklikheid ten opsigte van ’n moontlike maar
onsekere inkomstebelastingverpligting geopenbaar is. Ons mening
word nie aangepas vir die aangeleentheid nie.
PricewaterhouseCoopers Inc., 61 Second Avenue, Westdene, Bloemfontein 9301, P O Box 818, Bloemfontein 9300
T: +27 (51) 503 4100, F: +27 (51) 503 4299/4399, www.pwc.co.za
Chief Executive Officer: T D Shango
Management Committee: S N Madikane, J S Masondo, P J Mothibe, C Richardson, F Tonelli, C Volschenk
The Company’s principal place of business is at 2 Eglin Road, Sunninghill where a list of directors’ names is available for inspection.
Reg. no. 1998/012055/21, VAT reg.no. 4950174682