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Apple Commuters Finance Assignment
only 12 permanent employees, a formal employee forum has not been formed. However, weekly meetings are held and all employees participate.
An Employment Equity programme forms part of the group’s training and business programme.
Code of Ethics
The Code of Ethics commits the company to the highest standards of integrity, behaviour and ethics dealing with all its stakeholders, including its directors, managers, employees, customers, suppliers, competitors, investors and society at large. Directors and staff are expected to observe their ethical obligations in such a way as to carry on business only through fair commercial competitive practices.
Environment, health and safety
Apple Commuters values the occupational health and safety of its employees. We take every reasonable precaution to ensure a safe working environment for all its employees. Apple Commuters conducts its business with due consideration for environment issues and has appointed a committee to address the environmental impact of its business activities, as well as all health and safety aspects of the business.
The King Report on Corporate Governance for South Africa 2002
The board is reviewing this report and the requisite improvements to the company’s corporate governance procedures and policies will be implemented in the next financial year.
CORPORATE GOVERNANCE (continued…)
Statement of Responsibility by the Board of Directors
The directors are responsible for the preparation, integrity and fair presentation of the financial statement and other financial information included in this report.
The financial statements, presented on pages 16 to 23 have been prepared in accordance with Generally Accepted Accounting Practice, and included amounts based on judgments and estimates made by management.
The going-concern basis has been adopted in preparing the financial statement. The directors have no reason to believe that the Company will not be going concerns in the foreseeable future based on forecasts and available cash resources. The financial statements support the viability of the Company.
The financial statements have been audited by the independent accounting firm, Hoffman Fisher PFK (JHB) INC, which was given unrestricted access to all financial records and related data, including minutes of all meetings of shareholders, the Board of Directors and committees of the Board. The directors believe that all representations made to the independent auditors during the audit were valid and appropriate.
The financial statements, which appear on pages 16 to 23 were approved by the Board of Directors on 17 July 2002 and signed on its behalf
Chairman Managing Director
CORPORATE GOVERNANCE (continued…)
Statement of Company Secretary
I, Patrick Sibanda, being the Company Secretary of Apple Commuters (Pty) Limited, certify that all returns required of a public company, have in respect of the year under review been lodged with the Registrar of Companies and that all such returns are true, correct and up to date.
P Sibanda
Company Secretary