celebrating 20 years Basis of presentation and accounting policies
for the year ended 30 June 2018
Basis of accounting
These Summarised Group Annual Financial Statements have been prepared in accordance with International Financial Reporting Standards, IFRIC interpretations, the Listings requirements of the JSE Limited, South African Companies Act, 2008 and the presentation and disclosure requirements of IAS 34: Interim Reporting.
The accounting policies applied in the preparation of these Summarised Group Annual Financial Statements are in terms of International Financial Reporting Standards and are consistent with those used in the annual financial statements for the year ended 30 June 2017 .
The Summarised Group Annual Financial Statements have been reported in Rand millions in the current year to augment effective financial analysis. This has changed from the previous year where the financial results were reported in Rand billions.