Topic wise KAMs extracted from Annual Reports of Chemical Companies of other Jurisdictions where the model similar to the new Auditors Report has already been adopted is given as follows:
- Valuation of inventories
- Retirement benefit obligations
- Impairment of Property, Plant and Equipment (“PPE”) in the explosives segment in South Africa (relates to the consolidated financial statements)
- Valuation of the pension fund Employer Surplus Accounts (“ESAs”) and valuation and settlement of Post-Retirement Medical Aid (“PRMA”) obligations (relates to the consolidated and separate financial statements)
- Recoverability of deferred tax asset recognised by AECI Mining Solutions Ltd (“AMS”) (relates to the consolidated financial statements)