SASFIN HOLDINGS LIMITED DocuSign Envelope ID: 5E72D944-DA12-417D-95C8-CF01C9427071
South African Securitisation
Programme (RF) Limited
(Registration number:1991/002706/06)
Annual Financial Statements for the year ended 30 June 2022
In terms of section 29(1)(e)(ii) of the Companies Act, No 71 of 2008 as amended, we confirm that these annual financial statements were prepared under the supervision of Harriet Heymans CA(SA), Financial Director of Sasfin Bank Limited, and have been audited in compliance with the requirements of sections 29(1)(e)(i) and 30(2)(a) of the Companies Act, No 71 of 2008 as amended.
DocuSign Envelope ID: 5E72D944-DA12-417D-95C8-CF01C9427071
South African Securitisation Programme (RF) Limited
(Registration number: 1991/002706/06)
Annual financial statements for the year ended 30 June 2022
Corporate details
Country of incorporation and domicile | South Africa |
Directors | B Harmse |
D Govender | |
DP Towers | |
E Deiner | |
Registered office | 140 West Street |
6th Floor | |
Sandton | |
Johannesburg | |
2196 | |
Postal address | PO Box 95104 |
Grant Park | |
Johannesburg | |
2051 | |
Controlling entity | Sasfin Bank Limited |
Ultimate holding entity | The Company is wholly owned by The South African Securitisation |
Issuer Owner Trust, a trust set up solely for the purposes of holding | |
the ordinary shares of the Company. The trustee of the trust is | |
Stonehage Fleming Corporate Services (Pty) Ltd. The Company is | |
controlled, administered, and managed by Sasfin Bank Limited in | |
accordance with IFRS. | |
Auditor | PricewaterhouseCoopers Inc (PwC) |
Company Secretary | Stonehage Fleming Corporate Services Proprietary Limited |
Company registration number | 1991/002706/06 |
Tax reference number | 9664004711 |
Debt sponsor | Sasfin Bank Limited |
Calculation agent | Sasfin Bank Limited |
Transfer agent | Sasfin Bank Limited |
Paying agent | Sasfin Bank Limited |
Publish date | 20 September 2022 |
DocuSign Envelope ID: 5E72D944-DA12-417D-95C8-CF01C9427071
South African Securitisation Programme (RF) Limited
(Registration number: 1991/002706/06)
Annual financial statements for the year ended 30 June 2022
Contents
The reports and statements set out below comprise the annual financial statements presented to the shareholder.
Index | Page | |
Directors' responsibility statement | ........................................................................................................................... | 1 |
Company Secretary's certification | ........................................................................................................................... | 2 |
Directors' report ....................................................................................................................................................... | 3 | |
Audit committee report............................................................................................................................................. | 5 | |
Independent auditor's report .................................................................................................................................... | 8 | |
Statement of financial position ............................................................................................................................... | 17 | |
Statement of profit or loss and other comprehensive income ................................................................................ | 18 | |
Statement of changes in equity.............................................................................................................................. | 19 | |
Statement of cash flows......................................................................................................................................... | 20 | |
Notes to the financial statements ........................................................................................................................... | 21 | |
Legal entity terminology used in this report | ||
Company: | South African Securitisation Programme (RF) Limited | |
Controlling company: | Sasfin Bank Limited | |
Group: | Sasfin Holdings Limited and its subsidiaries |
DocuSign Envelope ID: 5E72D944-DA12-417D-95C8-CF01C9427071
South African Securitisation Programme (RF) Limited
(Registration number: 1991/002706/06)
Annual financial statements for the year ended 30 June 2022
Directors' responsibility statement
The Board of Directors (the Board) of South African Securitisation Programme (RF) Limited (the Company) is responsible for the preparation and fair presentation of the Directors' report and the annual financial statements of the Company including significant accounting policies and other explanatory notes.
The annual financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), the South African Institute of Chartered Accountants (SAICA) Financial Reporting Guides as issued by the Accounting Practices Committee, Financial Reporting Pronouncements as issued by the Financial Reporting Standards Council and the requirements of the Companies Act, No 71 of 2008, as amended (Companies Act).
The Board is also responsible for such internal controls as they deem necessary to enable the preparation of these annual financial statements and for maintaining adequate accounting records and an effective system of risk management.
The Company has been established as a structured entity for Sasfin Bank Limited and is deemed to be controlled by Sasfin Bank Limited in accordance with IFRS. Consequently, the day-to-day management and oversight of SASP are the responsibility of Sasfin Bank Limited. The Board therefore place reliance on the management and governance by the Sasfin Group in the execution of its duties and obligations towards SASP.
The Sasfin Group is responsible for the controls and the security of Sasfin's website and, where applicable, for establishing and controlling the process for electronically distributing the annual financial statements and other financial information to shareholders. The examination of controls over the maintenance and integrity of the Sasfin's website is beyond the scope of the audit of the financial statements and if the directors' responsibilities statement does not include reference to this, it will be included as a note at the end of the electronic version of the auditor's report. Accordingly, we accept no responsibility for any changes that may have occurred to the financial statements since they were initially presented on the website. However, if we do become aware of any subsequent amendments, we will notify the directors of the Sasfin Group that the financial statements no longer correspond with the manually signed financial statements.
Based on its own monitoring and oversight as well as assurance obtained from management, the Board is of the view that an effective internal financial control environment exists to support the integrity of the annual financial statements.
The Board has a reasonable expectation that the Company will have adequate resources to continue in operational existence and as a going concern in the financial year ahead.
It is the responsibility of the independent auditor to report on the fair presentation of the annual financial statements.
The annual financial statements for the year ended 30 June 2022 were approved by the Board on 20 September 2022 and are signed on its behalf by:
D Govender | E Deiner |
Director | Director |
20 September 2022 | 20 September 2022 |
1
DocuSign Envelope ID: 5E72D944-DA12-417D-95C8-CF01C9427071
South African Securitisation Programme (RF) Limited
(Registration number: 1991/002706/06)
Annual financial statements for the year ended 30 June 2022
Company Secretary's certification
We hereby certify, in terms of section 88(2)(e) of the Companies Act, that South African Securitisation Programme (RF) Limited has filed all returns and notices required by the Companies Act with the Companies and Intellectual Property Commission for the financial year ended 30 June 2022, and that all such returns and notices as required of a public company are true, correct and up
to date.
Stonehage Fleming Corporate Services Proprietary Limited
Company Secretary
20 September 2022
2
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Sasfin Holdings Limited published this content on 22 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2022 11:19:09 UTC.
