Directors’ responsibility statement The directors are responsible for the preparation and fair presentation of the annual financial statements of Cape Town Central City Improvement District, comprising the statement of financial position at 30 June 2011, and the statement of comprehensive income, changes in reserves and cash flows for the year then ended, and the notes to the financial statements, which include a summary of significant accounting policies and other explanatory notes, and the directors’ report, in accordance with South African Statements of Generally Accepted Accounting Practice and in a manner required by the Companies Act of South Africa. The directors are also responsible for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and for maintaining adequate accounting records and an effective system of risk management, as well as the preparation of the supplementary schedules included in these financial statements. The directors have made an assessment of the company’s ability to continue as a going concern and have no reason to believe the business will not be a going concern in the year ahead. The auditor is responsible for reporting on whether the annual financial statements are fairly presented in accordance with the applicable financial reporting framework.
Approval of the annual financial statements The annual financial statements of Cape Town Central City Improvement District, as identified in the first paragraph, were approved by the board of directors on 23 August 2011 and are signed on its behalf by:
R Kane (Chairperson)
JM Rippon (Director)
Declaration by Company Secretary In my capacity as Company Secretary, I hereby confirm, in terms of the Companies Act, 2008, that for the year ended 30 June 2011, the Company has lodged with the Registrar of Companies all such returns as are required of a company in terms of this Act and that all such returns are true, correct and up to date.
Webber Wentzel (Company Secretary)
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central city improvement district // annual report 2011