Page 51 - CON Boardpack FEBRUARY 2020 FINAL (v5) P1 - 75_Neat

8. ANNUAL FINANCIAL STATEMENTS FOR THE YEAR
ENDED 31 DECEMBER 2019

8.1 Time schedule

It was noted that a draft of the audited financial statements will be discussed
DRAFT
at the Audit committee meeting on 20 May before presenting it to the
Executive Board on 15 July 2020.

8.2 Accounting Framework
The attending committee members accepted that the accounting framework
as set out in the financial statements’ note to Accounting Policies as previously
set out in Financial Statements of December 2018, p 13 -15, is still applicable.

8.3 Format of financial statements to be distributed to
members

It was confirmed that according to the SAPPO Constitution the financial
statements should be made available at the AGM and it will not be mailed or
distributed. The financial statements will be available on request.

9. GENERAL

9.1 No discussion took place.

10. DATE OF THE NEXT MEETING
20 May 2020

11. CLOSING

The meeting was closed and adjourned.

…………………………….. …………………….
CHAIRMAN DATE

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