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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 Long Term Insurance Act of 1998, 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 90 to 165, were approved by the board of trustees and are signed on its
behalf by:
Mr E A Moolla
Mr I J Smit
Mrs T Boesch
Chairman
Chief Executive
Financial Director
The Professional Provident Society Holdings Trust
Johannesburg
28 March2018
STATEMENT OF RESPONSIBILITY
BY THE BOARD OF TRUSTEES
for the year ended
31 December 2017
PPS
INTEGRATED REPORT
2017
70