Showing records 1–50 of 314 total facts. Type above to filter across all records, or use pagination below.
| Element | Value | Unit | Period |
|---|---|---|---|
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Business Address Country
cipc-ca-enum:BusinessAddressCountry
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https://xbrl.org/2024/iso3166#ZAhttps://xbrl.org/2024/iso3166#ZA | — | 01 Jan 2023 – 31 Dec 2023 |
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Description Of Nature Of Financial Statements
cipc-ca-enum:DescriptionOfNatureOfFinancialStatements
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https://xbrl.cipc.co.za/taxonomy/ca/enum#AuditedAnnualFinancialStatementsGROUP AND COMPANY | — | 01 Jan 2023 – 31 Dec 2023 |
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Professional Designation Of Individual Responsible For Preparation Or Supervising Preparation Of Financial Statements
cipc-ca-enum:ProfessionalDesignationOfIndividualResponsibleForPreparationOrSupervisingPreparationOfFinancialStatements
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https://xbrl.cipc.co.za/taxonomy/ca/enum#SouthAfricanInstituteOfCharteredAccountantsSelect value from the Tag Enumeration column -> | — | 01 Jan 2023 – 31 Dec 2023 |
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Type Of Assurance
cipc-ca-enum:TypeOfAssurance
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https://xbrl.cipc.co.za/taxonomy/ca/enum#AuditedSelect value from the Tag Enumeration column -> | — | 01 Jan 2023 – 31 Dec 2023 |
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Type Of Auditors Opinion
cipc-ca-enum:TypeOfAuditorsOpinion
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https://xbrl.cipc.co.za/taxonomy/ca/enum#UnqualifiedSelect value from the Tag Enumeration column -> | — | 01 Jan 2023 – 31 Dec 2023 |
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Type Of Company
cipc-ca-enum:TypeOfCompany
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https://xbrl.cipc.co.za/taxonomy/ca/enum#ProfitCompanySelect value from the Tag Enumeration column -> | — | 01 Jan 2023 – 31 Dec 2023 |
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Annual Financial Statements Audited
cipc-ca:AnnualFinancialStatementsAudited
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truetrue | — | 01 Jan 2023 – 31 Dec 2023 |
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Annual Financial Statements Independently Compiled And Reported On
cipc-ca:AnnualFinancialStatementsIndependentlyCompiledAndReportedOn
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falsefalse | — | 01 Jan 2023 – 31 Dec 2023 |
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Annual Financial Statements Internally Compiled
cipc-ca:AnnualFinancialStatementsInternallyCompiled
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truetrue | — | 01 Jan 2023 – 31 Dec 2023 |
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Average Number Of Employees
cipc-ca:AverageNumberOfEmployees
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? | pure | 31 Dec 2023 |
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Business Address City
cipc-ca:BusinessAddressCity
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Cape Town | — | 01 Jan 2023 – 31 Dec 2023 |
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Business Address Postal Code
cipc-ca:BusinessAddressPostalCode
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7,708.00 | — | 01 Jan 2023 – 31 Dec 2023 |
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Business Address Street Name
cipc-ca:BusinessAddressStreetName
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23 Main Road | — | 01 Jan 2023 – 31 Dec 2023 |
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Customer Code
cipc-ca:CustomerCode
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AMWILD | — | 01 Jan 2023 – 31 Dec 2023 |
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Date Of Approval Of Annual Financial Statements
cipc-ca:DateOfApprovalOfAnnualFinancialStatements
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26 June 2024 | — | 01 Jan 2023 – 31 Dec 2023 |
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Date Of Audit Of Annual Financial Statements
cipc-ca:DateOfAuditOfAnnualFinancialStatements
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28 June 2024 | — | 01 Jan 2023 – 31 Dec 2023 |
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Date Of Publication Of Financial Statements
cipc-ca:DateOfPublicationOfFinancialStatements
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28 June 2024 | — | 01 Jan 2023 – 31 Dec 2023 |
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Declaration Of Auditors Report Presence
cipc-ca:DeclarationOfAuditorsReportPresence
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truetrue | — | 01 Jan 2023 – 31 Dec 2023 |
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Declaration Of Directors Report Presence
cipc-ca:DeclarationOfDirectorsReportPresence
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truetrue | — | 01 Jan 2023 – 31 Dec 2023 |
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Declaration Of Signature By Authorised Director
cipc-ca:DeclarationOfSignatureByAuthorisedDirector
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truetrue | — | 01 Jan 2023 – 31 Dec 2023 |
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Directors Remuneration
cipc-ca:DirectorsRemuneration
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R 6,555,978.00 | ZAR | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Auditors Opinion Explanatory
cipc-ca:DisclosureOfAuditorsOpinionExplanatory
|
INDEPENDENT AUDITOR’S REPORTTo the Shareholders of Actuary Online Proprietary LimitedReport on the Audit of the Financial StatementsOpinionWe have audited the financial statements of Actuary Online Proprietary Limited set out on pages 8 to 37, which comprisethe statement of financial position as at 31 December 2023, and the statement of comprehensive income, the statement ofchanges in equity and the statement of cash flows for the year then ended, and the notes to the financial statements,including a summary of significant accounting policies/material accounting policy information.In our opinion, the financial statements present fairly, in all material respects, the financial position of Actuary OnlineProprietary Limited as at 31 December 2023, and its financial performance and cash flows for the year then ended inaccordance with IFRS Accounting Standards as issued by the International Accounting Standards Board and therequirements of the Companies Act of South Africa.Basis for OpinionWe conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under thosestandards are further described in the Auditor’s Responsibilities for the Audit of the Statements section of our report. Weare independent of the Company in accordance with the Independent Regulatory Board for Auditors’ Code of ProfessionalConduct for Registered Auditors (IRBA Code) and other independence requirements applicable to performing audits offinancial statements in South Africa. We have fulfilled our other ethical responsibilities in accordance with the IRBA Codeand in accordance with other ethical requirements applicable to performing audits in South Africa. The IRBA Code isconsistent with the corresponding sections of the International Ethics Standards Board for Accountants’ (IESBA)International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA code).We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.Other InformationThe directors are responsible for the other information. The other information comprises the information included in thedocument titled “Actuary Online Proprietary Limited Annual Financial Statements for the year ended 31 December 2023”which includes the Directors’ Report as required by the Companies Act of South Africa, Statement of Directors’Responsibility and the Approval of annual financial statements. The other information does not include the financialstatements and our auditor’s report thereon. | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Auditors Report Explanatory
cipc-ca:DisclosureOfAuditorsReportExplanatory
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Responsibilities of the Directors for the Financial StatementsThe directors are responsible for the preparation and fair presentation of the financial statements in accordance with IFRSAccounting Standards as issued by the International Accounting Standards Board and the requirements of the CompaniesAct of South Africa, and for such internal control as the directors determine is necessary to enable the preparation offinancial statements that are free from material misstatement, whether due to fraud or error.In preparing the financial statements, the directors are responsible for assessing the Company’s ability to continue as agoing concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accountingunless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to doso. | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Auditors Responsibility Explanatory
cipc-ca:DisclosureOfAuditorsResponsibilityExplanatory
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Auditor’s Responsibilities for the Audit of the Financial StatementsOur objectives are to obtain reasonable assurance about whether the financial statements as a whole are free frommaterial misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAswill always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are consideredmaterial if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions ofusers taken on the basis of these financial statements.As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticismthroughout the audit. We are also:• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient andappropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting fromfraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,misrepresentations, or the override of internal control.• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that areappropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of theCompany’s internal control.• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates andrelated disclosures made by the directors.• Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and based onthe audit evidence obtained, whether a material uncertainty exists related to events or conditions that may castsignificant doubt on the Company’s ability to continue as a going concern. If we conclude that a materialuncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in thefinancial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based onthe audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may causethe Company to cease to continue as a going concern. | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Company Secretarys Statement Explanatory
cipc-ca:DisclosureOfCompanySecretarysStatementExplanatory
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REPORT OF THE COMPANY SECRETARYIn terms of section 88(2)(e) of the Companies Act 71 of 2008, I certify that the Company has lodged with theCommissioner all such returns as are required by the Companies Act 71 of 2008, and that all such returns aretrue, correct and up to date.___________________________________________________________Andre Wild | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Directors Explanatory
cipc-ca:DisclosureOfDirectorsExplanatory
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Directors?Antony Lester(appointed 01/04/1998)?Andre Wild(appointed 25/07/2023) | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Directors Remuneration Explanatory
cipc-ca:DisclosureOfDirectorsRemunerationExplanatory
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Directors’ emolumentsRemuneration paid by the group to directors who are considered to be key group management personnelis set out below:December 2023FeesSalaryBonusPensionOtherTotalAntony Lester-4 138 9982 186 028-230 9526,555,978-4 138 9982 186 028-230 9526 555 978December 2022FeesSalaryBonusPensionOtherTotalAntony Lester-4 004 0232 705 020-207 9776 917 020-4 004 0232 705 020-207 9776 917 020[1] Bonus details disclosed above do not equal bonuses charged against operating profit for the year due to the mismatch between bonuspayment date and the financial year under review. | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Directors Report Explanatory
cipc-ca:DisclosureOfDirectorsReportExplanatory
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CONSOLIDATED ANNUAL FINANCIAL STATEMENTSfor the year ended 31 December 2023DIRECTORS’ REPORTThe directors present their report for the year ended 31 December 2023. | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Directors Responsibility Explanatory
cipc-ca:DisclosureOfDirectorsResponsibilityExplanatory
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CONSOLIDATED ANNUAL FINANCIAL STATEMENTSfor the year ended 31 December 2023STATEMENT OF DIRECTORS’ RESPONSIBILITYActuary Online Proprietary Limited’s (“the company”) and its subsidiaries (“the group”) directors are requiredby the Companies Act 71 of 2008 to maintain adequate accounting records and to prepare financial statementsfor each financial year which fairly present the state of affairs of the company and group at the end of thefinancial year and the operating results and cash flows for the year. In preparing the accompanying financialstatements, International Financial Reporting Standards have been followed, suitable accounting policies havebeen used, reasonable estimates have been made and the South African Companies Act 71 of 2008 has beencomplied with. Any changes to accounting policies are approved by the board of directors and the effectsthereof are fully explained in the annual financial statements. The financial statements incorporate full andresponsible disclosure in line with the group and company’s philosophy on corporate governance.The directors have reviewed the group and company’s budgets and cash flow forecasts for the next twelvemonths. On the basis of this review, and in the light of the current financial position and existing borrowingfacilities, the directors have no reason to believe that the company and group will not be a going concern in theyear to the next reporting date and have continued to adopt the going concern basis in preparing the financialstatements.The directors are responsible for the group and company’s system of internal control, which includes internalfinancial controls that are designed to provide reasonable, not absolute, assurance against materialmisstatements and loss. The group and company maintain financial controls to provide assurance regarding:?the safeguarding of assets against unauthorised use or disposition; and?the maintenance of proper accounting records and the reliability of financial information within thebusiness or for publication.The controls contain mechanisms to identify and correct deficiencies as they arise. Even an effective systemof internal control, no matter how well designed, has inherent limitations, including the possibility ofcircumvention or the overriding of controls. An effective system of internal control, therefore, aims to providereasonable assurance with respect to the reliability of financial information and, in particular, financialstatements presentation. Further, because of changes in conditions, the effectiveness of internal controls mayvary over time.The annual financial statements were prepared by Andre Wild.The annual financial statements have been audited in compliance with the requirements of Section 30(2)(b)(ii)of the Companies Act 71 of 2008 by the company’s auditors, Deloitte & Touche.APPROVAL OF ANNUAL FINANCIAL STATEMENTSThe annual financial statements and group annual financial statements set out on pages 8 to 37 were approvedby the board of directors on 26 June 2024 and are signed on its behalf by:____________________________________________________________________________________Ant Lester | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Dividend Declaration Explanatory
cipc-ca:DisclosureOfDividendDeclarationExplanatory
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DividendsA dividend of R 37 290 000 (December 2022: R 33 020 000) was declared and paid by the group duringthe year. A dividend of R 22 382 953 (December 2022: R 19 819 928) was declared and paid by thecompany during the year. | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Going Concern Specific To Directors Report Explanatory
cipc-ca:DisclosureOfGoingConcernSpecificToDirectorsReportExplanatory
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2.Going concernThe financial statements have been prepared on the basis of accounting policies applicable to a goingconcern. This basis presumes that funds will be available to finance future operations and that therealisation of assets and settlement of liabilities, contingent obligations and commitments will occur in theordinary course of business. The company’s current assets is exceeded by its current liabilities byR 31 005 (December 2022: R 29 051). The loan owing to its subsidiary, Towers Watson ProprietaryLimited has been subordinated in favour of other creditors and/or third parties of the company. Thesubordination will remain in force and effect until the assets of the company, fairly valued, exceed itsliabilities. | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Holding Company And Ultimate Holding Company Explanatory
cipc-ca:DisclosureOfHoldingCompanyAndUltimateHoldingCompanyExplanatory
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Holding and ultimate holding companyActuary Online Proprietary Limited is the holding company for the group, which consists of, Towers WatsonProprietary Limited, Towers Watson South Africa Holdings Proprietary Limited and Retirement OnlineProprietary Limited, all incorporated in South Africa. The ultimate holding company is Willis Towers WatsonPublic Limited Company (Ireland). | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Nature Of Business Explanatory
cipc-ca:DisclosureOfNatureOfBusinessExplanatory
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1.Review of activitiesThe company is an investment holding company. The group provides actuarial and investment consultingservices in all aspects and operates principally in South Africa.The operating results and state of affairs of the group and company are fully set out in the attachedfinancial statements and do not in, our opinion, require any further comment. Total comprehensiveincome of the group was R 54 786 158 (December 2022: R 46 613 737), after taxation of R 20 261 440(December 2022: R 18 851 453). | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Social And Ethics Committee Explanatory
cipc-ca:DisclosureOfSocialAndEthicsCommitteeExplanatory
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false | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Stated Capital Explanatory
cipc-ca:DisclosureOfStatedCapitalExplanatory
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Authorised and issued share capitalThere were no changes in the authorised or issued share capital of the group or company for the yearended 31 December 2023 and 31 December 2022. | — | 01 Jan 2023 – 31 Dec 2023 |
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Email Address Of Company
cipc-ca:EmailAddressOfCompany
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andre.wild@wtwco.com | — | 01 Jan 2023 – 31 Dec 2023 |
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Full Registered Name Of Company
cipc-ca:FullRegisteredNameOfCompany
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ACTUARY ONLINE PROPRIETARY LIMITED | — | 01 Jan 2023 – 31 Dec 2023 |
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Holding Company
cipc-ca:HoldingCompany
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Willis Towers Watson Public Limited Company (Ireland) | — | 01 Jan 2023 – 31 Dec 2023 |
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Maximum Number Of Individuals With Beneficial Interest In Securities Of Company Or Members In Case Of Non Profit Company
cipc-ca:MaximumNumberOfIndividualsWithBeneficialInterestInSecuritiesOfCompanyOrMembersInCaseOfNonProfitCompany
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? | pure | 31 Dec 2023 |
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Name Of Auditing Company
cipc-ca:NameOfAuditingCompany
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Deloitte & Touche | — | 01 Jan 2023 – 31 Dec 2023 |
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Name Of Auditor
cipc-ca:NameOfAuditor
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Harshal Kana | — | 01 Jan 2023 – 31 Dec 2023 |
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Name Of Designated Person Responsible For Compliance
cipc-ca:NameOfDesignatedPersonResponsibleForCompliance
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M de Jager | — | 01 Jan 2023 – 31 Dec 2023 |
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Name Of Director Authorised To Approve Annual Financial Statements
cipc-ca:NameOfDirectorAuthorisedToApproveAnnualFinancialStatements
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Ant Lester | — | 01 Jan 2023 – 31 Dec 2023 |
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Name Of Director Or Prescribed Officer
cipc-ca:NameOfDirectorOrPrescribedOfficer
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Antony Lester | — | 01 Jan 2023 – 31 Dec 2023 |
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Name Of Individual Responsible For Preparation Or Supervising Preparation Of Financial Statements
cipc-ca:NameOfIndividualResponsibleForPreparationOrSupervisingPreparationOfFinancialStatements
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A Wild | — | 01 Jan 2023 – 31 Dec 2023 |
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Postal Address Same As Business Address
cipc-ca:PostalAddressSameAsBusinessAddress
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falsefalse | — | 01 Jan 2023 – 31 Dec 2023 |
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Practice Number Of Auditor
cipc-ca:PracticeNumberOfAuditor
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Registered Auditor | — | 01 Jan 2023 – 31 Dec 2023 |
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Public Interest Score
cipc-ca:PublicInterestScore
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? | pure | 31 Dec 2023 |
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Registration Number Of Company
cipc-ca:RegistrationNumberOfCompany
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1998/001768/07 | — | 01 Jan 2023 – 31 Dec 2023 |
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Software Name
cipc-ca:SoftwareName
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Report Authority Professional | — | 01 Jan 2023 – 31 Dec 2023 |