Directors Responsibility Statement

OUR APPROVAL

The Directors are responsible for the preparation, integrity and fair presentation of the consolidated and separate annual financial statements of Peregrine Holdings, comprising the statements of financial position at 31 March 2018, and the statements of comprehensive income, changes in equity and cash flows for the year then ended, and the segmental information, and the principal accounting policies and notes to the financial statements, in accordance with International Financial Reporting Standards and comply with the requirements of the Companies Act and the JSE Listings Requirements.

In addition, the Directors are responsible for preparing the Directors’ report. The Directors consider that in preparing the financial statements they have used the most appropriate accounting policies, consistently applied and supported by reasonable and prudent judgements and estimates, and that all statements of IFRS that they consider to be applicable have been followed.    

The Directors are also responsible for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, including the preparation of the supplementary schedules included in these financial statements, whether due to fraud or error, and for maintaining adequate accounting records and an effective system of risk management. The Company and its subsidiaries operated in a well-established control environment, which is well documented and regularly reviewed. This incorporates risk management and internal control procedures, which are designed to provide reasonable, but not absolute, assurance that assets are safeguarded and the risks facing the businesses are being controlled.

The Directors have made an assessment of the ability of the Company and its subsidiaries to continue as going concerns and have no reason to believe that the businesses will not be going concerns in the year ahead.      

The independent auditor is responsible for reporting on whether the consolidated and separate financial statements are fairly presented in accordance with the applicable financial reporting framework.

Approval of consolidated and separate annual financial statements

The consolidated and separate annual financial statements of Peregrine Holdings, as identified in the first paragraph, were approved by the Board on 31 July 2018 and signed by

Picture 1

SA Melnick (Chairman)
Authorised Director

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RE Katz (CEO)
Authorised Director

Johannesburg