The preliminary summarised consolidated financial statements of Imperial Logistics Limited, which comprise the summarised consolidated statement of financial position as at 30 June 2020, the summarised consolidated statement of profit or loss, the summarised consolidated statement of comprehensive income, the summarised consolidated statement of changes in equity and the summarised consolidated statement of cash flows for the year then ended, and related notes, are derived from the audited consolidated financial statements of Imperial Logistics Limited for the year ended 30 June 2020.
In our opinion, the accompanying preliminary summarised consolidated financial statements are consistent, in all material respects, with the audited consolidated financial statements of Imperial Logistics Limited, in accordance with the requirements of the JSE Limited Listings Requirements for preliminary reports, set out in note 1 to the preliminary summarised consolidated financial statements, and the requirements of the Companies Act of South Africa as applicable to summary financial statements.
We have not audited future financial performance and expectations by management included in the accompanying summary consolidated financial statements and accordingly do not express any opinion thereon.
The preliminary summarised consolidated financial statements do not contain all the disclosures required by the International Financial Reporting Standards and the requirements of the Companies Act of South Africa as applicable to annual financial statements. Reading the preliminary summarised consolidated financial statements and the auditor’s report thereon, therefore, is not a substitute for reading the audited consolidated financial statements of Imperial Logistics Limited and the auditor’s report thereon.
We expressed an unmodified audit opinion on the audited consolidated financial statements in our report dated 25 August 2020. That report also includes the communication of other key audit matters as reported in the auditor’s report of the audited financial statements.
The directors are responsible for the preparation of the preliminary summarised consolidated financial statements in accordance with the requirements of the JSE Limited Listings Requirements for preliminary reports, set out in note 1 to the preliminary summarised consolidated financial statements, and the requirements of the Companies Act of South Africa as applicable to summary financial statements.
The Listings Requirements require preliminary reports to be prepared in accordance with the framework concepts and the measurement and recognition requirements of International Financial Reporting Standards (IFRS), the SAICA Financial Reporting Guides as issued by the Accounting Practices Committee and Financial Pronouncements as issued by the Financial Reporting Standards Council, and to also, as a minimum, contain the information required by IAS 34 Interim Financial Reporting.
Our responsibility is to express an opinion on whether the preliminary summarised consolidated financial statements are consistent, in all material respects, with the consolidated audited financial statements based on our procedures, which were conducted in accordance with International Standard on Auditing (ISA) 810 (Revised), Engagements to Report on Summary Financial Statements.
Registered Auditors
Per: MLE Tshabalala
Partner
25 August 2020
5 Magwa Crescent
Midrand
South Africa
2066