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FINANCIAL OVERVIEW
Directors’ responsibility for the financial statements
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
(JSE), the Companies Act, No 71 of 2008, of South Africa, as amended (Companies Act).
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.
The consolidated and separate financial statements of the company for the year ended June 30 2017 were approved by the board of directors and
are signed by:
BL Berson
DE Cleasby
Chief executive
Chief financial officer
August 23 2017
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, 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.
AK Biggs
Company secretary
August 23 2017
Declaration by company secretary
The consolidated and separate financial statements have been prepared by CAM Bishop CA(SA) (group financial manager) under the supervision of
DE Cleasby CA(SA) (chief financial officer), and in compliance with section 30 of the Companies Act of South Africa.
Preparer of financial statements
FINANCIAL STAT MENTS
Annual integrated report 2017
Bid Corporation Limited
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