Interfront 2024 Annual Report

INTERFRONT ANNUAL REPORT 2024 The Board is of the opinion, based on the information and explanations given by management, that the system of internal control provides reasonable assurance that the financial records may be relied upon for the preparation of the Annual Financial Statements. However, any system of internal financial control can provide no more than reasonable, not absolute, assurance against material misstatement or deficit. The Board has reviewed the entity’s budgeted forecast for the year to 31 March 2025 and, in the light of this review and the current financial position, is satisfied that the entity has, or has access to, adequate resources to continue in operational existence for the foreseeable future. The Annual Financial Statements are prepared on the basis that the entity is a going concern. Although the Board is primarily responsible for the financial affairs of the entity, it is supported by the entity’s external auditors. The external auditors are responsible for independently reviewing and reporting on the entity’s Annual Financial Statements. The Annual Financial Statements have been examined by the entity’s external auditors and their report is presented on page 92. The Annual Financial Statements, set out on page 101 to 128, were approved by the Board on 31 July 2024 and were signed on its behalf by LEILANIE JANSE VAN RENSBURG Acting Managing Director 31 July 2024 MUSTAQ ENUS-BREY Chairperson of the Board 31 July 2024