TCTA-Availability of Annual Financial Statements
Trans-Caledon Tunnel Authority
(“TCTA” or “the Issuer)
WSP5 (LHWP) ZAG000020017
As established by Notice No 2631 in Government Gazette No 10545 of 12 December 1986
and revised by Notice No 277 in Government Gazette No 21017 of 24 March 2000 (the Notice
of Establishment).
A Schedule 2 Public Finance Management Act No. 1 of 1999 (PFMA) entity.
RELEASE OF ANNUAL FINANCIAL STATEMENTS AND UNQUALIFIED AUDIT OPINION
Investors are advised that TCTA’s Annual Financial Statements for (AFS) the year ended 31
March 2020 have been released:
(a) The Annual Financial Statements are available for inspection at TCTA’s registered office
and are also available on TCTA’s website (www.tcta.co.za) at
http://www.tcta.co.za/annual-report
(b) On 7 December 2020, the Auditor-General of South Africa (“AGSA”), the Auditors of
TCTA, issued an unqualified audit opinion with respect to TCTA’s AFS for the year ended
31 March 2020.
RESTATEMENT OF ANNUAL FINANCIAL STATEMENTS
Restatements were processed in the year under review predominantly due to the resolution
of matters which led to the qualification of the audit opinion in the previous financial year. The
prior year AMD Receivable balance was qualified as the AGSA was unable to fully verify the
amount presented in the AFS to the workings provided by management. In resolving this
qualification, the tariff receivable balance had to be restated as well.
In addition, management amended the accounting treatment on the premiums/discounts on
the issue of bonds to be more closely aligned to the relevant accounting standards. As a
result, previously stated balances had to be restated to effect this change.
Johannesburg
19 January 2021
Debt Sponsor
The Standard Bank of South Africa Limited
Queries – Wanda Mkutshulwa, Head of Communications +27 12 683 1378,
wmkutshulwa@tcta.co.za
Date: 19-01-2021 11:04:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
