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106

Phuthuma Nathi Investments (RF) Limited

Integrated annual report 2018

Financial review

Preparation of results and

accounting policies

The financial results for the year ended

31 March 2018 have been prepared in

accordance with International Financial

Reporting Standards (IFRS) and the

requirements of the Companies Act of South

Africa No 71 of 2008 (the Act), as amended.

Except as noted in the summarised annual

financial statements and the full annual

financial statements, accounting policies are

consistent with those applied in the previous

period and IFRS.

Summarised and full annual

financial statements

The summarised annual financial statements

appear on

pages 108 to 114

of this report.

The summarised annual financial statements

are not the statutory accounts of Phuthuma

Nathi Investments (RF) Limited (PN) and do

not contain all the disclosures required by

IFRS. The summarised financial statements

are also not a substitute for and should be

read together with the full annual financial

statements to obtain a complete

understanding of the results.

The summarised and full annual financial

statements have been prepared under the

supervision of the MultiChoice South Africa

Holdings group chief financial officer,

Uvashni Raman CA(SA), and have been

audited by the independent external auditor,

PwC, whose unqualified report is available

for inspection at the registered office of the

company

(see IBC for contact details).

The full annual financial statements for

the year ended 31 March 2018 are on our

website

( www.phuthumanathi.co.za

). Printed

copies are available from the company’s

secretariat

(see IBC for contact details)

.

Phuthuma Nathi Investments (RF) Limited