Statement of the Directors' Responsibilities
in Relation to the Financial Statements
The responsibilities of the Directors,
in relation to the financial statements of the Group, differ
from the responsibilities of the Auditors which are set out
in the Report of the Auditors on page 54.
As per the provisions of the Companies Act No. 17 of 1982 the
Directors are required to prepare financial statements for each
financial year giving a true and fair view of the state of affairs
of the Group as at the end of the financial year and of the
results of its operations for the financial year.
The Directors consider that, in preparing these financial statements
set out on pages ... to .., appropriate accounting policies
have been selected and applied in a consistent manner and supported
by reasonable and prudent judgement and that all applicable
Accounting Standards, as relevant, have been followed.
The Directors are also confident that the Group has adequate
resources to continue in operation and have applied the going
concern basis in preparing these financial statements. Further,
the Directors have a responsibility to ensure that the Group
maintains sufficient accounting records to disclose with reasonable
accuracy, the financial position of the Group, and to ensure
that the financial statements presented comply with the requirements
of the Companies Act No. 17 of 1982.
The Directors are also responsible for taking reasonable steps
to safeguard the assets of the Group and in this regard to give
proper consideration to the establishment of appropriate internal
control systems to prevent and detect fraud and other irregularities.
The Directors are confident that they have discharged their
responsibilities as set out in this statement. The Directors
also confirm that to the best of their knowledge, all statutory
payments payable by the Group as at the Balance Sheet date have
been paid or where relevant, provided for.
