Annual integrated report 2016

Combined assurance

The committee:

■

reviewed the plans and reports of the external and internal auditors and other assurance providers including management, and concluded that

these were adequate to address all significant financial risks facing the business.

Chief financial officer (CFO)

The committee:

■

considered the appropriateness of the experience and expertise of the CFO and concluded that this was appropriate; and

■

considered the expertise, resources and experience of the finance function and concluded that these were appropriate.

Consolidated and separate financial statements

The committee:

■

reviewed the consolidated and separate annual financial statements of Bidcorp for the year ended June 30 2016, and the committee is of the

view that, in all material respects, it complies with the relevant provisions of the Companies Act and IFRS and fairly presents the financial position

at that date and the results of its operations and cash flows for the year then ended; and

■

in conjunction with the Bidcorp social and ethics committee, the committee has satisfied itself as to the integrity of the remainder of the annual

integrated report.

Attendance

The names of the members who were in office during the period April 4 2016 to October 7 2016 and the number of audit and risk committee

meetings attended by each of the members are:

Director

August 19 2016 September 16 2016

H Wiseman (chairman)*

PC Baloyi*

NG Payne*

^ Attended in person, by video-conference or tele-conference.

* Appointed April 4 2016.

Conclusion

Following the review by the committee for the year ended June 30 2016, the committee is of the view that, in all material respects, it has complied

with the relevant requirements.

Having achieved its objectives for the financial year, the committee recommended the consolidated and separate financial statements and annual

integrated report for the year ended June 30 2016 for approval to the board.

Signed on behalf of the audit and risk committee by:

Helen Wiseman

Chairman

Bidcorp Limited Annual integrated report 2016 |

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Financial overview