Investor Presentaiton
ANNUAL REPORT 2020
Statement of Directors' Responsibilities
For the year ended 31 December 2020
Statement of Corporate Responsibility
For the year ended 31 December 2020
The Companies and Allied Matters Act requires the Directors to prepare financial statements for each financial year
that give a true and fair view of the state of financial affairs of the Company at the end of the year and of its profit
or loss. The responsibilities include:
a) Ensuring that the Company keeps proper accounting records that disclose, with reasonable accuracy, the
financial position of the Company and comply with the requirements of the Companies and Allied Matters Act;
b) Designing, implementing and maintaining internal control relevant to the preparation and fair presentation of
financial statements that are free from material misstatements, whether due to fraud or error; and
c) Preparing the Company's financial statements using suitable accounting policies supported by reasonable and
prudent judgements and estimates that are consistently applied.
The Directors accept responsibility for the annual financial statements, which have been prepared using
appropriate accounting policies supported by reasonable and prudent judgements and estimates, in conformity
with International Financial Reporting Standards and the requirements of the Companies and Allied Matters Act.
The Directors are of the opinion that the financial statements give a true and fair view of the state of the financial
affairs of the Company and of its profit or loss. The Directors further accept responsibility for the maintenance of
accounting records that may be relied upon in the preparation of financial statements, as well as adequate systems
of internal financial control.
Nothing has come to the attention of the Directors to indicate that the Company will not remain a going concern
for at least twelve months from the date of this statement.
SIGNED ON BEHALF OF THE BOARD OF DIRECTORS BY:
In compliance with Section 405 of the Companies and Allied Matters Act 2020, we hereby confirm that we have
examined the Audited Financial Statements for the accounting year ended 31 December 2020 and hereby certify
that:
1.
2.
The audited financial statements do not contain any untrue statement of material fact or omit to state a
material fact, which would make the statements misleading, in the light of the circumstances under which such
statement was made.
The audited financial statements and all other financial information included in the statements fairly present, in
all material respects, the financial condition and results of operation of the Company as of and for, the periods
covered by the audited financial statements.
3. Appropriate internal controls are in place to ensure that material information relating to the Company is made
known to the management by other officers of the Company, particularly during the period in which the audited
financial statements report is being prepared.
4.
We evaluated the effectiveness of the Company's internal controls within 90 days prior to the date of its
audited financial statements.
5. The Company's internal controls are effective as of that date.
6.
We have disclosed to the company's Auditors and Audit Committee:
i.
All significant deficiencies in the design or operation of internal controls which could adversely affect the
Company's ability to record, process, summarize and report financial data.
Marc Galjaard
FRC/2021/001/00000022800
25 February, 2021
40
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JMine
Jacobs Moyo Ajekigbe, OFR
FRC/2013/10DN/0000000002472
Belanght
Bernard Cheruiyot Langat
FRC/2017/MANUN/00000017493
7.
ii.
That there was no material weaknesses in the company internal control during the period identified for the
company's Auditors.
iii. That there were no occasion of fraud that involves management or other employees who have a significant
role in the Company's internal control.
There has been no significant changes in internal controls or in other factors that could significantly affect
internal controls subsequent to the date of their evaluation, including any corrective actions with regard to
significant deficiencies and material weaknesses.
Aut
Marc Galjaard
FRC/2021/001/00000022800
FrieslandCampina WAMCO Nigeria PLC
FrieslandCampina WAMCO Nigeria PLC
Belangst
Bernard Cheruiyot Langat
FRC/2017/MANUN/00000017493
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