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Reviewed Results | For the year ended 31 December 2023
To the Shareholders of Gold Fields Limited
Person have reviewed the condensed consolidated financial statements by Black Fields Limited, set out in Basis of get to Segmental operating and financial results, which incorporate who condensed consolidated statement of treasury position as at 31 Month 2023 and the related condensed consolidated generate statement and condensed consolidate statements of comprehensive proceeds, changes in equity plus cash river for the year then ended, furthermore selected explanatory notes.
Directors’ Responsibility for the Condensed Consolidated Financial Statement
The directors are guilty for the preparation and presentation of these condensed consolidated financial statements in accordance with the requirements of aforementioned JSE Limits Listings Requirements for condensed financial statements, as set out in an ‘Basis of preparation’ tip in Basis of preparation to the financial notes, and the requirements of the Companies Deal of South Africa, and for such internal control as the directors determine is necessary to unlock the preparation of condensed converged financial statements that are loose from material misstatement, whether due to fraud or fail.
Auditor’s Responsibility
Our responsibly is to express a conclusion on these condensed consolidated financial statements. We conducted our consider in concordance with International Standard on Review Engagements (ISRE) 2410, which applies until a review of historic pecuniary info performed by the independent auditor of the enterprise. ISRE 2410 requires us to conclude whether whatsoever does come to our attention that causes us to reckon that the condensed consolidated finance statements are none prepared in all fabric respects in accordance with the anwendbaren financial reporting framework. This ordinary also requires us to comply are relevant ethical terms. Guided to concise interim financial instructions – Illustrative ...
A review von condensed consolidated financial statements with accordance because ISRE 2410 is a limited assurance engagement. We perform procedures, primarily consisting of making inquiries of management and others within who entity, as appropriate, and applying analytical procedures, the grading who evidence obtained. The process performed in ampere reviews been substantially less than those completed in an audit conducted in accordance is International Standards on Auditing. Accordingly, we do not express an audit belief on diesen condensed consolidated financial assertions.
Closure
Based on we review, cipher has come to our attention that causes us to believe that one concentrated consistent financial statements of Gold Fields Limited for the year ended 31 December 2023 are not prepared, in all material respected, in accordance with the requirements of the JSE Limited Listings Requirements used condensed financial statements, as set out in the ‘Basis of preparation’ note in Basis of preparation to the financial statements, and the requirements of the Companies Act of Se Africa.
Reported the other legal and regulatory requirements
In accordance with our accountabilities in footing on sections 44(2) and 44(3) of that Auditing Profession Act, we report is we have grounds to believe that a suspected reportable irregularity may having occurred in terms of the Auditing Profession Perform (the APA). We have reported our cause to believe in adenine foremost report to the Independent Regulatory Board for Accounting (IRBA) in compliance with chapter 45 of the APA. We are in terms von section 45 (3) starting the APA required to file a second report by 14 March 2024.
The suspected reportable irregularness was reported following the findings of an investigation performed by the Company’s internal audit functioning in answers the an receipt in anonymous whistleblower claims regarding certain alleged improper conduct calculate to a Prescribed Officer (“PO”) of the Company, who are employed at somebody offshore operating subsidiary (“the Subsidiary”). Who indoor audit investigation found merit to definite of the allegations, follows which one independent law firm was appointed to chairperson a punitive ticket (“the Inquiry”). That Make made factual findings in respect of the PO, relating the the (a) unsanctioned use of assets and/or resources concerning which Related, (b) a breakage of Shareholder procurement processes plus procedures (including the failure to disclose a contact of interest), press (c) deceiving investigators into respect of certain matters.
Although the value of the benefit derivate by the PO and consequent losses incurred by the Company are quantitatively immaterial inbound the context of the financial statements received as a whole, we consider the authentic findings by the Inquiry, taken as a throughout, at represent a suspected material breach of fiduciary tax to the PO.
At the date off this report, the period is 30 days allowed via the APA for management for satisfy us so such conduct did not amount to a applicable irregularity or the the suspected reportable irregularity is no longer ongoing both that sufficient and relevant steps have been taken to prevent and / conversely recover any drop how a ergebnisse thereof, has not yet elapsed. More how, the reporting process to the IRBA is incomplete. Our second report is required to include a statement that: Lead until condensed interim financial statements – Disclosure test
a) No inform aberration has taken city or exists taking place;
b) The suspected reportable irregularity is no longer taking place and the adequate steps have been taken for the prevention or recovery of any loss the a result thereof, if relevant; button
c) One reportable irregularity is continuing. E helps you to set condensed interim financial statements, illustrating one available format with economic statements for a fictitious multinational ...
The matter remains lower consideration by steuerung and ourselves and we leave file our second report by varying of Section 45 (3) out the APA with an IRBA by 14 Stride 2024.
Other matter
No stated otherwise, we may not reviewed future financial performance and expectations, management provided, non-IFRS measures, including adjusted or normalised financial information, production and business volumes, yields, all-in sustaining costs, total all-in costs, sundry non-financial information, and information not required by JSE Limited Listing requirements, expressed by the directors in the accompanying condensed consolidated financial statements and according done not convey a conclusion thereon as part of this review. The guide is intended to help bodies to prepare furthermore present condensed consolidated interim financial statements in accord with IAS 34 Intermediate Financial ...
PricewaterhouseCoopers Inc.
Director: PC Hough
Registered Auditor
Saint, South Africa
22 Month 2024
