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Jaarverslag 2018
annual report 2018
Accounting policies
Rekeningkundige beleid
for the year ended 30 September 2018
vir die jaar geëindig 30 September 2018
1. Opstellingsgrondslag en opsomming van
beduidende rekeningkundige beleid
Die finansiële state is ooreenkomstig die International Financial
Reporting Standard for Small and Medium-sized Entities opgestel. Die
finansiële state is op die historiese kostegrondslag opgestel. Dit
word in Suid-Afrikaanse rand aangebied.
Graan SA is 'n entiteit geïnkorporeer in Suid-Afrika. Graan SA is
'n vereniging wat funksioneer ter bevordering van die belange van
graanprodusente binne Suid-Afrika. Die geregistreerde kantoor is Blok C,
Alenti Office Park, Witheritelaan 457, The Willows, Pretoria.
Hierdie rekeningkundige beleid stem ooreen met die vorige tydperk.
1.1 Beduidende oordeel en bronne van
ramingsonsekerheid
Belangrike oordeel in die toepassing van rekeningkundige beleid
Daar was geen beduidende oordeel van toepassing ten opsigte
van die rekeningkundige beleid nie, afgesien van dié met betrekking
tot ramings wat die mees beduidende uitwerking op die finansiële
state sal hê.
Sleutelbronne van ramingsonsekerheid
Die finansiële state sluit nie bates en laste in waarvan die drabe
drae bepaal is, gebaseer op ramings waarvoor daar 'n beduidende
risiko van wesenlike aanpassings in die volgende finansiële jaar as
'n resultaat van die sleutel raming aannames bestaan nie.
1.2 Beleggingseiendom
Beleggingseiendom is grond en geboue wat gehou word om huurin
komste te verdien of vir kapitaalgroei, of beide, eerder as vir gebruik in
die produksie of verskaffing van goedere of dienste of vir administratiewe
doeleindes, óf vir verkoop in die gewone gang van sake.
Beleggingseiendom word aanvanklik teen kosprys gemeet en
daarna teen billike waarde met veranderings in billike waarde wat
in wins of verlies erken word. Indien die billike waarde van beleg-
gingseiendom nie betroubaar gemeet kan word sonder onnodige
koste of moeite nie, word dit dan teen kosprys minus opgehoopte
depresiasie en opgehoopte waardedaling gemeet.
1.3 Eiendom, aanleg en toerusting
Eiendom, aanleg en toerusting is tasbare bates wat die entiteit
hou vir eie gebruik of vir verhuring aan ander en wat na verwagting vir
meer as een tydperk gebruik sal word.
’n Item van eiendom, aanleg en toerusting word as ’n bate erken
wanneer dit waarskynlik is dat toekomstige ekonomiese voordele wat
verband hou met die item na die entiteit sal vloei en die koste van die
item betroubaar gemeet kan word. Eiendom, aanleg en toerusting
word aanvanklik teen kosprys gemeet.
Die kosprys sluit koste in wat aanvanklik aangegaan is om ’n
item van eiendom, aanleg en toerusting te verkry of te bou en koste
wat daarna aangegaan is om daarby toe te voeg, 'n deel daarvan te
vervang, of dit te diens. Indien 'n vervangingskoste erken word in die
drabedrag van 'n item van eiendom, aanleg en toerusting word die
drabedrag van die vervangde gedeelte omgeswaai.
1. Basis of preparation and summary of significant
accounting policies
The financial statements have been prepared on a going concern
basis in accordance with the International Financial Reporting Stand-
ard for Small and Medium-sized Entities. The financial statements
have been prepared on the historical cost basis, and incorporate the
principal accounting policies set out below. They are presented in
South African rands.
Grain SA is an entity incorporated in South Africa. Grain SA is an
association that functions to promote the interests of grain producers
within South Africa. The registered office is Block C, Alenti Office Park,
457 Witherite Avenue, The Willows, Pretoria.
This accounting policy is consistent with the previous period.
1.1 Significant judgements and sources of
estimation uncertainty
Critical judgements in applying accounting policies
There was no significant judgement in respect of the accounting
policy, apart from those involving estimations, which would significantly
affect the financial statements.
Key sources of estimation uncertainty
The financial statements do not include assets and liabilities whose
carrying amounts are determined based on estimates for which there
is a significant risk of material adjustments in the following financial
year as a result of the key estimates assumptions.
1.2 Investment property
Investment property is land and buildings held to earn rental income
or for capital growth or both, rather than for use in the production or
supply of goods or services or for administrative purposes, or for sell in
the ordinary course of business.
Investment property is initially measured at cost and thereafter at
fair value with changes in fair value recognised in profit or loss. If the fair
value of investment property can not be measured reliably without undue
cost or effort, it is measured at cost less accumulated depreciation and
accumulated impairment.
1.3 Property, plant and equipment
Property, plant and equipment are tangible assets which the entity
holds for its own use or for rental to others and which are expected to
be used for more than one period.
An item of property, plant and equipment is recognised as an
asset when it is probable that future economic benefits associated
with the item will flow to the entity, and the cost of the item can
be measured reliably. Property, plant and equipment is initially
measured at cost.
Cost includes costs incurred initially to acquire or construct an item
of property, plant and equipment and costs incurred subsequently to
add to, replace part of, or service it. If a replacement cost is recognised
in the carrying amount of an item of property, plant and equipment, the
carrying amount of the replaced part is derecognised.