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  Annual Report 2007     E-mail

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FINANCIALS

MOBILE INDUSTRIES LIMITED AND SUBSIDIARIES
ANNUAL FINANCIAL STATEMENTS

Directors’ responsibility statement

The directors are responsible for the preparation and fair presentation of the group annual financial statements and annual financial statements of Mobile Industries Limited, comprising the balance sheets at 31 December 2007, and the income statements, the statements of changes in equity and cash flow statements for the year then ended, and the notes to the financial statements, which include a summary of significant accounting policies and other explanatory notes, and the directors’ report, in accordance with International Financial Reporting Standards and in the manner required by the Companies Act of South Africa.

The directors’ responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of these financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

The directors’ responsibility also includes maintaining adequate accounting records and an effective system of risk management.

The directors have made an assessment of the group and company’s ability to continue as a going concern and there is no reason to believe the businesses will not be going concerns in the year ahead.

The auditor is responsible for reporting on whether the group annual financial statements and annual financial statements are fairly presented in accordance with the applicable financial reporting framework.

Approval of group annual financial statements and annual financial statements

The group annual financial statements and annual financial statements of Mobile Industries Limited, as identified in the first paragraph, which have been approved by the board of directors, are attached:

Directors' report
Balance sheets
Income statements
Statements of changes in equity
Cash flow statements
Notes to the financial statements

Signed on behalf of the board

 

C Jowell Chairman
Cape Town
31 March 2008

E Oblowitz Director
Cape Town
31 March 2008

 

 
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