5. Chemical

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:

  1. Valuation of inventories
  2. Retirement benefit obligations
  3. Impairment of Property, Plant and Equipment (“PPE”) in the explosives segment in South Africa (relates to the consolidated financial statements)
  4. 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)
  5. Recoverability of deferred tax asset recognised by AECI Mining Solutions Ltd (“AMS”) (relates to the consolidated financial statements)