Page 63 - Integrated Annual Report

21. Material change
There has been no material change in the financial or trading position of the HCI group since the publication of its provisional results for the year ended 31 March 2021.
22. Events subsequent to reporting date
Events that occurred subsequent to the reporting date are set out in note 50 of the annual financial statements.
BOARD APPROVAL
The directors of Hosken Consolidated Investments Limited (“HCI or the company”) acknowledge responsibility for the integrity of the summarised annual financial statements. The board of directors, supported by the audit and risk committee endorsed the reporting frameworks utilised in this report and approved the material matters determined by management. The directors have applied their minds to the report and believe that it covers all material matters, that the
DECLARATION BY COMPANY SECRETARY
Hosken Consolidated Investments Limited (“HCI”) has complied with all statutory and regulatory requirements in accordance with the Financial Markets Act, and all directives issued by the Financial Sector Conduct Authority.
In terms of section 88 of the Companies Act, as amended, I hereby confirm that HCI has lodged with the Registrar
23. Going concern
The outbreak of COVID-19 has severely affected the South African economy and the group’s operations, specifically those of its hotel and gaming interests. In preparing the cash flow forecasts utilised to assess going concern, the impact of the COVID-19 pandemic on the group’s operations and liquidity was considered. The directors have assessed these cash flow forecasts together with the other actions taken or proposed and are of the view that the group has sufficient liquidity to meet its obligations as currently foreseen in the next financial year. Details of the impact of COVID-19 on the group’s operations and liquidity are presented in note 51 of the annual financial statements.
information contained in this report is reliable and that it fairly presents the performance of the company.
VE Mphande Chairperson
JA Copelyn
Chief Executive Officer
of Companies all such returns as are required of a public company in terms of the Companies Act and that all such returns are true, correct and up to date.
HCI Managerial Services Proprietary Limited Group Company Secretary
HOSKEN CONSOLIDATED INVESTMENTS LIMITED
INTEGRATED ANNUAL REPORT 2021 61