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ASSORE LIMITED - Half-year results clarification regarding modified review opinion

Release Date: 11/03/2019 15:00
Code(s): ASR     PDF:  
 
Wrap Text
Half-year results clarification regarding modified review opinion

Assore Limited
(Incorporated in the Republic of South Africa)
Registration number: 1950/037394/06
Share code: ASR
ISIN: ZAE000146932
("Assore", “the Group” or “the Company”)

HALF-YEAR RESULTS CLARIFICATION REGARDING MODIFIED REVIEWED REPORT

Shareholders of Assore are referred to the results for the half-
year ended 31 December 2018 (“the December 2018 Results
announcement”) released on SENS on 26 February 2019.

As part of the December 2018 Results announcement, the following
paragraph was included under the heading “Accounting policies
and basis of preparation” related to the modified review report:

“Ernst & Young Inc., the group’s independent external auditors,
has reviewed the condensed consolidated half year results
included in this announcement and their modified report on
review is available for inspection at the registered offices of
the company. The modified opinion in the report is only in
respect to the comparability of the unreviewed results in
previous period. The review was conducted in terms of ISRE2410 –
review of Interim Financial Information Performed by the
Independent Auditors of the Entity”.

To clarify the above mentioned modified opinion, refer below for
the extract of the modified report, required for publication on
SENS in terms of the JSE Listings Requirements 3.18(g):

“Basis for Qualified conclusion

We have neither audited nor reviewed the corresponding amounts
included in the column titled “Half-year ended 31 December 2017
unaudited”. Because the corresponding figures shown in this
column on the condensed consolidated statement of financial
position, the condensed consolidated income statement, condensed
consolidated statement of comprehensive income, condensed
consolidated statement of cash flows, and the consolidated
statement of changes in equity are neither audited nor reviewed,
our opinion is only qualified in respect of the comparability of
the current period figures and the half-year period ended 31
December 2017.”

The full independent auditor’s review report on the interim
financial statements is available for inspection at the
registered offices of the company.

Illovo Boulevard
Johannesburg
11 March 2019

Contact details:
Maretha Claassen
Switchboard: 011 770 6800
Direct line: 011 770 6925
E-mail: marethaclaassen@assore.com

Financial Communications Advisor
Singular Systems IR, Jacques de Bie, 082 691 5384

Sponsor
The Standard Bank of South Africa Limited

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