GPW_AR_2013_Final_v10.pdf

125 year anniversary

ACCOUNTING OFFICER’S RESPONSIBILITIES AND APPROVAL

The accounting of ½ cer is required in terms of the Public Finance Management Act (PFMA), 1999 (Act No. 1 of 1999) (as amended by Act No. 29 of 1999) to ensure that the GPW maintains and implements adequate accounting records and is responsible for the content and integrity of the annual ½ nancial statements and related ½ nancial information included in this report. It is the responsibility of the accounting of ½ cer to ensure that the annual ½ nancial statements fairly present the state of affairs of the entity as at the end of the ½ nancial year and the results of its operations and cash ¾ ows for the year then ended.The external auditors are engaged to express an independent opinion on the annual ½ nancial statements. The annual ½ nancial statements have been prepared on the going concern assumption basis and in accordance with generally accepted accounting practice. Unless otherwise indicated, the ½ nancial statements are prepared on the same basis and accounting policies as in previous years to comply with South African Statements of Generally Accepted Accounting Practice, except where it is directed by National Treasury (NT). The accounting of ½ cer is of the opinion, based on the information and explanations given by management, that the system of internal control provides reasonable assurance that the ½ nancial records may be relied on for the preparation of the annual ½ nancial statements. However, any system of internal ½ nancial control can provide only reasonable, and not absolute, assurance against material misstatement or loss. The accounting of ½ cer has reviewed the company’s cash ¾ ow forecast for the year to 31 March 2014 and, in the light of this review and the current ½ nancial position, he is satis ½ ed that the entity had or has access to adequate resources to continue in operational existence for the foreseeable future.

The annual ½ nancial statements set out on pages 39 to 61, which have been prepared on the going concern basis, were approved by the board on 31 May 2013.

Prof. AD Mbewu Pretoria 31 May 2013

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