Download the Annual report 2011 - Unisa

UNISA ANNUAL REPORT 2011
Statement of responsibility by the Council for the year ended 31
December 2011
The Council is responsible for the preparation and fair presentation of the consolidated financial statements of the
University of South Africa, comprising the statement of financial position at 31 December 2011, and the statement of
comprehensive income, changes in equity and cash flow for the year then ended, and the notes to the financial statements
which include a summary of significant accounting policies and other explanatory notes, in accordance with South
African Statements of Generally Accepted Accounting Practice, regulations for Annual Reporting by Higher Education
Institutions and in terms of the requirements of section 41 of the Higher Education Act, 1997 (Act No. 101 of 1997),
as amended, and include amounts based on judgements and estimates made by management. In addition, the Council
is responsible for preparing the Council report.
The Council is also responsible for such internal control as the Council determine is necessary to enable the preparation
of financial statements that are free from material misstatement, whether due to fraud or error, and for maintaining
adequate accounting records and an effective system of risk management.
The Council have made an assessment of the ability of the University to continue as going concerns and have no reason
to believe that the University will not be a going concern in the year ahead.
The auditor is responsible for reporting on whether the consolidated financial statements are fairly presented in accordance
with the applicable financial reporting framework.
APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS
The consolidated financial statements of the University of South Africa, as identified in the first paragraph, were approved
by the Council on 22 June 2012 and signed on its behalf by:
Dr Mathews Phosa Prof. MS Makhanya
Chairperson of Council Vice-Chancellor and Principal
Mr AA da Costa Prof. JE Kleynhans
Chairperson of Finance and Investment Commitee
Committee of Council
Vice-Principal: Finance and University Estates
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