Page 155 - UBP - IR2020
P. 155

Report on other legal and regulatory requirements
The Mauritius Companies Act 2001
In accordance with the the requirements
of the the Mauritius Companies Act 2001
we report
as follows:
• we have no relationship with or interest in in the Company and its subsidiaries other than in our capacity as auditor • we we have obtained all information and explanations that we we have required and • in in in our opinion proper accounting records have been kept by the Company as as far as as appears from our examination of those records Corporate Governance Report Our responsibility under the Financial Reporting Act 2004 is to report
on the the compliance with the the Code of Corporate Governance disclosed in the the Annual Report and assess the the explanations given for non-compliance with any requirement of of the the Code From our assessment of of the the disclosures made on corporate governance in the the Annual Report the the Public Interest Entity has pursuant to section 75 of the Financial Reporting Act 2004 complied with the the requirements
of the the Code Other information The The Directors are responsible for for the the other information The The other information comprises the the the Financial Highlights the the the Risk Report Report Other Statutory Disclosures the the the Capital Reports the the the Statement of Directors’ Responsibilities and the Company Secretary’s Certificate which we obtained prior to the date of this auditor’s report
report
It also includes other reports to to be included in the Annual Report which are expected to be made available after that date The other information does not include the the consolidated and separate financial statements
the Corporate Governance Report and our auditor’s report
thereon Our opinion on on on the consolidated and separate financial statements
as as well as as the Corporate Governance Report do not cover the the other information and we do not express any form form of assurance conclusion thereon In connection with our audit of the consolidated and separate financial statements
our responsibility is to read the the other information and in in in doing so consider whether the the the other information is is materially inconsistent with the financial statements
or or our knowledge obtained in in the audit or or otherwise appears to be materially misstated If based on the the work we we have performed we we conclude that there is a a a a a material FINANCIAL STATEMENTS
Independent auditor’s report
to the Shareholders of The United Basalt Products Limited
misstatement of this other information we are required to report
report
that fact We have nothing to report
report
in in this regard When we read the the other reports which are expected to be made available to to us after the the date of the the auditor’s report
if we we conclude that there there is is material misstatement therein we we are required to to communicate the matter to to those charged with governance Responsibilities of Directors for the consolidated and separate financial statements
The Directors are responsible for the preparation and fair presentation of the consolidated and separate financial statements
in in in accordance with International Financial Reporting Standards and and in compliance with the the requirements
of the the Mauritius Companies Act 2001
and the Financial Reporting Act 2004 and they are also responsible for such internal control as the the Directors determine is necessary to to enable the the preparation of financial statements
that are free from material misstatement whether due to fraud or or error In preparing the consolidated and separate financial statements
the the the Directors are responsible for assessing the the the Group’s and the the the Company’s ability to continue as a a a a going concern disclosing as applicable matters related to going concern and using the going concern basis of accounting unless the the Directors either intend to to liquidate the the Group and/or the the Company or or to to cease operations or have no realistic alternative but to do so The Directors are responsible for overseeing the Group’s and the Company’s financial reporting process Auditor’s responsibilities for the the audit of the the consolidated and separate financial statements
Our objectives are to obtain reasonable assurance about whether the the consolidated and separate financial statements
as a a a a a whole are free from material misstatement whether due to fraud or or or or error and to to issue an an auditor’s report
that includes our opinion Reasonable assurance assurance is a a a a a a a high level of assurance assurance but is not a a a a a a a a guarantee that an an an audit conducted in accordance with ISAs will always detect a a a a a a material misstatement when it it exists Misstatements can arise from fraud or or error and are considered material if individually or in in the the aggregate they could reasonably be expected to influence the economic decisions of of users taken on on on the the basis of of these consolidated and separate financial statements
UBP INTEGRATED REPORT 2020 - 155
FINANCIAL CAPITAL CORPORATE MANAGEMENT STATEMENTS
REPORTS GOVERNANCE APPROACH
ABOUT US INTRODUCTION






























































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