for the year ended 31 December 2015
The directors are responsible for the preparation and fair presentation of the group annual financial statements and annual financial statements of Merafe Resources Limited, comprising the statements of financial position at 31 December 2015, and the statements of comprehensive income, changes in equity, and cash flows for the year then ended, and the accounting policies and notes to the financial statements, in accordance with International Financial Reporting Standards and the requirements of the Companies Act of South Africa, and the directors’ report.
The directors are also responsible for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and for maintaining adequate accounting records and an effective system of risk management.
The directors have made an assessment of the ability of the company and its subsidiaries to continue as going concerns and have no reason to believe that the businesses will not be going concerns in the year ahead.
The auditor is responsible for reporting on whether the group financial statements and financial statements are fairly presented in accordance with the applicable financial reporting framework.
Approval of the group annual financial statements and annual financial statements
The group annual financial statements and annual financial statements of Merafe Resources Limited, as identified in the first paragraph, were approved by the board of directors on 8 March 2016 and signed by:
| Chris Molefe Chairman 8 March 2016 |
Zanele Matlala Chief Executive Officer 8 March 2016 |