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To the shareholders of Bid Corporation Limited
The directors are responsible for the preparation and fair presentation of the consolidated and separate financial statements in accordance with
International Financial Reporting Standards (IFRS), the interpretations adopted by the International Accounting Standards Board, the JSE Limited
Listings Requirements and in terms of the requirements of the Companies Act of South Africa.
The directors’ responsibility includes: designing, implementing and maintaining internal controls relevant to the preparation and fair presentation of
these financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting
policies; and making accounting estimates that are reasonable in the circumstances.
The directors’ responsibility also includes maintaining adequate accounting records and an effective system of risk management.
The directors have made an assessment of the group and company’s ability to continue as a going concern and there is no reason to believe that the
group and company will not be going concerns in the year ahead.
The auditors are responsible for reporting on whether the consolidated and separate financial statements are fairly presented in accordance with IFRS
and the Companies Act of South Africa.
The consolidated and separate financial statements of the company for the year ended June 30 2016, were approved by the board of directors and
are signed by:
Brian Joffe
Bernard Larry Berson
David Edward Cleasby
Executive chairman
Chief executive
Chief financial officer
Authorised director
Authorised director
Authorised director
October 7 2016
Directors’ responsibility for the financial statements
In my capacity as company secretary, I certify that to the best of my knowledge and belief, Bid Corporation Limited, in terms of section 88(2)(e) of
the Companies Act of South Africa, has lodged with the Commissioner of the Companies and Intellectual Property Commission, all such returns and
notices as prescribed by the Companies Act and that all such returns and notices appear to be true and up to date.
Ashley Kim Biggs
Company secretary
October 7 2016
Declaration by company secretary
The consolidated and separate financial statements have been prepared by Charlie Bishop CA(SA) (group financial manager) under the supervision of
David Cleasby CA(SA) (chief financial officer), and in compliance with section 30 of the Companies Act of South Africa.
Preparer of financial statements
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| Bidcorp Limited Annual integrated report 2016