Directors’ responsibility statement for the summarised
Company and Group annual financial statements

 

Pick n Pay Holdings Limited and its subsidiaries

The summarised annual financial statements are the responsibility of the directors of Pick n Pay Holdings Limited.

The Company (separate) and Group (consolidated) annual financial statements for the year ended 29 February 2012 from which these summarised annual financial statements have been derived, were prepared in accordance with International Financial Reporting Standards and the requirements of the Companies Act of South Africa.

The directors are responsible for the preparation and fair presentation of the summarised annual financial statements and are satisfied that the systems and internal financial controls implemented by management are effective and that these summarised annual financial statements are a true and accurate extract from the Company and Group annual financial statements.

The directors have made an assessment of the ability of the Company and its subsidiaries to continue as a going concern 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 Company and Group summarised annual financial statements are fairly presented in accordance with the applicable financial reporting frameworks.

APPROVAL OF SUMMARISED FINANCIAL STATEMENTS

The Company and Group summarised annual financial statements of Pick n Pay Holdings Limited, as identified above, were approved by the Board of directors on 10 May 2012 and signed on their behalf by:

Raymond Ackerman
Chairman

Gareth Ackerman
Director