Sectors Shares

Umgeni Water - Update On Annual Financial Statements For The Year Ended June 2017

Release Date: 14/02/2018 14:52
Code(s): UG26 UG21
 
Wrap Text
Update on annual financial statements for the year ended June 2017

UMGENI WATER
Company code : BIUMWA
Stock Codes:
UG21: ZAG000075698
UG26: ZAG000133760

UPDATE ON ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 2017

Further to the announcement released by Umgeni Water on 1 February 2018 regarding the notice of availability
of its annual financial statements for the year ended June 2017 (“AFS”) and confirmation that the audit report
relating to the AFS is unqualified, shareholders are referred to the Report of the Auditor-General as well as note
32 of the AFS which refers to an emphasis of matter relating to a process of establishing a single water board in
Kwa-Zulu Natal. This process has previously been announced on 15 November 2017.

Shareholders are advised that the Auditor-General’s opinion has not been modified as a result of the emphasis
of matter and that the accounting authority has no reason to believe that this process will negatively affect the
going concern position of Umgeni Water during the 2017/2018 financial year, but that it will create growth
opportunities for the merged entity.

14 February 2018

Enquiries:         M Phillips at 033 3411054/1058
                   Email marsha.phillips@umgeni.co.za

Debt Sponsor
Nedbank Corporate and Investment Banking

Date: 14/02/2018 02:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story