2019 Integrated Report

PPS INTEGRATED REPORT 2019 | 83 CONTENTS 84 STATEMENT OF RESPONSIBILITY BY THE BOARD OF TRUSTEES 85 CERTIFICATE BY THE SECRETARY 86 INDEPENDENT AUDITOR’S REPORT 89 INVESTMENT RETURNS AND PROFIT ALLOCATION TO POLICYHOLDERS’ PPS PROFIT-SHARE ACCOUNT 92 TRUSTEES’ REPORT 95 AUDIT COMMITTEES’ REPORT 99 GROUP SOCIAL AND ETHICS COMMITTEE’S REPORT 101 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 102 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 103 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 104 CONSOLIDATED STATEMENT OF CASH FLOWS 105 GROUP ACCOUNTING POLICIES 120 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 186 ADMINISTRATIVE INFORMATION 187 ACTION REQUIRED BY MEMBERS IN REGARD TO THE 2020 ANNUAL GENERAL MEETING 188 NOTICE TO THE MEMBERS OF THE ANNUAL GENERAL MEETING AND CV’S OF CANDIDATES STANDING FOR ELECTION 203 FORM OF PROXY This report comprises of the audited consolidated annual financial statements of The Professional Provident Society Holdings Trust and its subsidiaries. The report was prepared under the supervision of T Boesch CA(SA). An audit was performed by PricewaterhouseCoopers Inc. in line with requirements of the Trust Deed. Published: 6 April 2020