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PPS
INTEGRATED REPORT 2018
80
The Trustees accept responsibility for the fair presentation of the financial statements of The Professional
Provident Society Holdings Trust, comprising the financial statements of the trust itself and the consolidated
financial statements of the trust and its subsidiaries. These financial statements have been prepared in accordance
with International Financial Reporting Standards, and in the manner required by the Insurance Act of 2017, the
South African Companies Act of 2008, and the Trust Deed. The Trustees are of the opinion that the financial
statements are fairly presented in the manner required. The independent auditors are responsible for reporting on
these financial statements and were given unrestricted access to all financial records and related data including
minutes of all meetings of members of the Board of Trustees and Committees of the Board. The Trustees have
no reason to believe that any representations made to the independent auditors during the audit were not valid
and appropriate. The Trustees accept responsibility for the maintenance of accounting records and systems of
internal financial control.
The Trustees are satisfied that no material breakdown in the operations of the systems of internal financial controls
and procedures occurred during the year under review.
Nothing has come to the attention of the Trustees to indicate that the Group, or any company within the Group,
will not remain a going concern for at least the ensuing financial year. The financial statements have been prepared
on the same basis.
The annual financial statements, which appear on pages 96 to 184, were approved by the Board of Trustees and
are signed on its behalf by:
Dr S N E Seoka
Mr I J Smit
Mrs T Boesch
Chairman
Chief Executive
Financial Director
The Professional Provident Society Holdings Trust
Johannesburg
2 April 2019
STATEMENT OF
RESPONSIBILITY BY THE
BOARD OF TRUSTEES
for the year ended 31 December 2018