Datatec’s (“The Group”) consolidated annual financial statements for the year ended 28 February 2015 are prepared in accordance with the International Financial Reporting Standards (“IFRS”) of the International Accounting Standards Board, Interpretations issued by the IFRS Interpretations Committee, the JSE Listings Requirements, AIM Rules, the South African Companies Act 71 of 2008 (“the Companies Act”), the SAICA Financial Reporting Guides as issued by the Accounting Practices Committee and the Financial Reporting Pronouncements as issued by the Financial Reporting Standards Council and incorporate transparent and responsible disclosure together with appropriate accounting policies.
These annual financial statements have been audited in compliance with the requirements of the Companies Act and were compiled under the supervision of Jurgens Myburgh CA(SA), the Chief Financial Officer during the year.
The directors are responsible for the maintenance of adequate accounting records, the preparation and integrity of the Group annual financial statements and all related information. The directors are also responsible for the systems of internal control which are designed to provide reasonable, but not absolute, assurance as to the reliability of the financial statements and to adequately safeguard, verify and maintain accountability of assets and to prevent and detect material misstatement and loss.
The directors believe that the Group has adequate resources to continue in operation for the foreseeable future and accordingly the financial statements have been prepared on a going concern basis.
In terms of the Companies Act, the directors are required to prepare annual financial statements that fairly present the state of affairs and business of the Company and of the Datatec Group at the end of the financial year and of the profit for that year.
The Group annual financial statements were approved by the Board of Directors on 13 May 2015. The consolidated annual financial statements extracted from the Group annual financial statements which appear on here are signed on its behalf by:
 |
 |
| JP Montanana Chief Executive Officer |
PJ Myburgh Chief Financial Officer |