CAV Annual Report 2021

CENTURION AEROSPACE VILLAGE NPC Registration Number: 2000/006996/08 ANNUAL FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2021 DIRECTORS REPORT

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Directors

The directors submit their report for the year ended 31 March 2021 1. Review of activities Main business and operations The company is engaged in developing and constructing a high-tech advanced manufacturing aero-mechanical and defence cluster to tier 1 suppliers and sub-tier suppliers in the aerospace and defence industry, and all related activities. The operating results and state of affairs of the company are fully set out in the attached annual financial statements and do not in our opinion require any further comments. 2. Going concern The 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. 3. Events after the reporting period The directors are not aware of any matter or circumstances arising since the end of the financial year that has a material impact on the annual financial statements. 4. Non-current assets No major change has taken place in the nature or use of the non-current assets of the company during the year. 5. Secretary Mr Jerry Mokadikwa is the Company’s Secretariat and Legal Counsel. 6. Liquidity and solvency The directors have performed the required liquidity and solvency tests required by the Companies Act of South Africa and there are no instances of contravention noted in terms of the requirements as set forth by the Companies Act of South Africa or the requirements of the Reserve Bank of South Africa.

The directors of the company during the year and to the date of this report are as follows: Name Nationality Changes A Chetty South African B Sam South African S Moses South African T Jaftha South African S Ndlovu South African Appointed on 01 July 2020 N Gunga South African Resigned on 30 September 2020 S Hamilton South African Resigned on 30 September 2020 Z Janzen South African Resigned on 03 April 2020 8. Auditors A2A Kopano Incorporated was appointed as the External Auditor to conduct the audit for 2020/2021 financial year in accordance with Section 90 of the Companies Act of South Africa. 9. Company Secretary Compliance Statement In accordance with Section 88(2)(e) of the Companies Act, No.71 of 2008, it is hereby certify that the Company has lodged with the Companies and Intellectual Property Commission all such returns as are required of the Company in terms of the Act and that such returns are true, correct and up to date.

J Mokadikwa Company Secretary 28 July 2021

CENTURION AEROSPACE VILLAGE NPC I ANNUAL REPORT I 2020/21

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