2019 Integrated Report

PPS INTEGRATED REPORT 2019 | 85 CONTENTS 86 STATEMENT OF RESPONSIBILITY BY THE BOARD OF TRUSTEES 87 CERTIFICATE BY THE SECRETARY 88 INDEPENDENT AUDITOR’S REPORT 91 INVESTMENT RETURNS AND PROFIT ALLOCATION TO POLICYHOLDERS’ PPS PROFIT-SHARE ACCOUNT 94 TRUSTEES’ REPORT 97 AUDIT COMMITTEES’ REPORT 101 GROUP SOCIAL AND ETHICS COMMITTEE’S REPORT 103 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 104 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 105 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 106 CONSOLIDATED STATEMENT OF CASH FLOWS 107 GROUP ACCOUNTING POLICIES 122 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 188 ADMINISTRATIVE INFORMATION 189 ACTION REQUIRED BY MEMBERS IN REGARD TO THE 2020 ANNUAL GENERAL MEETING 190 NOTICE TO THE MEMBERS OF THE ANNUAL GENERAL MEETING AND CV’S OF CANDIDATES STANDING FOR ELECTION 205 FORM OF PROXY This report comprises of the audited consolidated annual financial statements of The Professional Provident Society Holdings Trust and its subsidiaries. The report was prepared under the supervision of T Boesch CA(SA). An audit was performed by PricewaterhouseCoopers Inc. in line with requirements of the Trust Deed. Published: 6 April 2020