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Section 668 of The Companies Act No. 17 of 2015: Form and contents requirements for summary financial statements of quoted companies

    

(1) If a quoted company exercises the option to provide a summary financial statement, it shall ensure that the statement—
(a) is derived from the company’s annual financial statement and the directors’ remuneration report; and
(b) complies with subsections (2) and (4) and with any regulations made for the purposes of this section.
(2) The summary financial statement referred to, in subsection (1) complies with this subsection if it is in such form, and contains such information, as are prescribed by the regulations for the purpose of this section.
(3) Nothing in this section prevents a company from including in a summary financial statement additional information derived from the company's annual financial statement, the directors' remuneration report or the directors' report.
(4) A summary financial statement complies with this subsection if it—
(a) states that it is only a summary of information derived from the company's annual financial statement and the directors' remuneration report;
(b) states whether it contains additional information derived from the directors' report and, if so, that it does not contain the full text of that report;
(c) states how a person entitled to the company’s annual financial statement, the directors’ remuneration report or the directors’ report can obtain a copy of the statement and reports;
(d) contains a statement as to whether, in the opinion of the company’s auditor, the summary financial statement—
(i) is consistent with the company's annual financial statement and the directors' remuneration report and, if information derived from the directors' report is included in the statement, with that report; and
(ii) complies with the requirements of this section and with any regulations made for the purposes of this section;
(e) states whether the auditor's report on the annual financial statement and the auditable part of the directors' remuneration report was unqualified or qualified and, if it was qualified, set out the report in full together with any further material needed to understand the qualification; and
(f) states whether that auditor's report contained a statement under section 730(2) or 730(3), and if it did, set out the statement in full.
(5) The regulations may require a quoted company that exercises the option to provide a summary financial statement to send information of a specified kind separately but at the same time as that statement.

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Disclaimer: This document is not to be taken as legal advise.

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