yar ending 31 st March 2018
extract from auditors report :
THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS AND OUR REPORT
THEREON
We expressed an unmodified audit opinion on the audited
consolidated financial statements in our report dated 12 July
2018. That report also includes:
– A Material Uncertainty Related to Going Concern section that
draws attention to Note 1 in the audited consolidated
financial statements, which indicated that Distribution and
Warehousing Network Limited and its subsidiaries, together the
Group, incurred a net loss of R426.5m during the year ended
31 March 2018. These events or conditions, along with other
matters as set forth in Note 1 of the audited consolidated
financial statements, indicate that a material uncertainty
exists that may cast significant doubt on the group’s ability
to continue as a going concern. These matters are addressed in
Note 1 of the summary consolidated financial statements.
– That report also includes communication of other key audit
matters. Key audit matters are those matters that, in our
professional judgement, were of most significance in our audit
of the consolidated financial statements of the current
period.