Basis of presentation and accounting policies
These condensed consolidated interim financial statements for the six months ended
31 March 2012 have been prepared in accordance with IAS 34, “Interim Financial
Reporting” and in the manner required by the Companies Act of South Africa and Section
8.57 of the JSE Listings Requirements. The condensed consolidated interim financial
statements should be read in conjunction with the annual financial statements for the year
ended 30 September 2011 which have been prepared in accordance with International
Financial Reporting Standards (IFRS).
The accounting policies applied are consistent with those applied in preparation of the
annual financial statements for the year ended 30 September 2011, unless otherwise
Costs that occur unevenly during the year are anticipated or deferred in the interim report
only if it would also be appropriate to anticipate or defer such costs at the end of the
These interim financial results have been prepared under the supervision of RJ Hogarth
(CA)(SA), the Chief Financial Officer of the Group.