
	ANNUAL REPORT 2002

	Annual financial statements
	Report of the independent auditors \| Report of the board of directors \| Accounting policies \| Statement of responsibility by the board of directors \|Certificate by the company secretary \|
	Consolidated
	Consolidated balance sheet \| Consolidated income statement \|Consolidated statement of changes in equity \|
	Consolidated cash flow statement \|Notes to the consolidated annual financial statements \|
	Information on business and geographical segments \| Annexure A – Principal subsidiary companies \|
	Annexure B – Principal investments \| Annexure C – Significant associated companies \| PDF Downloads \|

REPORT OF THE INDEPENDENT AUDITORS

TO THE MEMBERS OF VENFIN LIMITED

We have audited the annual financial statements and group annual financial statements of VenFin Limited set out on pages 52 to 84 for the fifteen months ended 30 June 2002. These financial statements are the responsibility of the Company's directors. Our responsibility is to express an opinion on these financial statements based on our audit.

SCOPE

We conducted our audit in accordance with statements of South African Auditing Standards. Those standards require that we plan and perform the audit to obtain reasonable assurance that the financial statements are free of material misstatement. An audit includes:

examining, on a test basis, evidence supporting the amounts and disclosures included in the financial statements,
assessing the accounting principles used and significant estimates made by management, and
evaluating the overall financial statement presentation.

We believe that our audit provides a reasonable basis for our opinion.

AUDIT OPINION

In our opinion, the financial statements fairly present, in all material respects, the financial position of the Company and group at 30 June 2002 and the results of their operations, changes in equity and cash flows for the fifteen months then ended in accordance with South African Statements of Generally Accepted Accounting Practice, and in the manner required by the Companies Act in South Africa.

Registered Accountants and Auditors

Chartered Accountants (SA)

Stellenbosch
9 September 2002

Document last updated: 30 September, 2004 Back to top