MODIKWA MINING PERSONNEL SERVICES PROPRIETARY LIMITED

Registration: 2001/006659/07  •  Period: 01 Jul 2022 – 30 Jun 2023 Annual
File: MODIKWA MINING PERSONNEL SERVICES - 30 June 2023 - 2001-006659-07 - 2023.xhtml  •  Uploaded: 20 May 2026 10:29

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Element Value Unit Period
Description Of Nature Of Financial Statements
cipc-ca-enum:DescriptionOfNatureOfFinancialStatements
https://xbrl.cipc.co.za/taxonomy/ca/enum#AuditedAnnualFinancialStatementscompany 01 Jul 2022 – 30 Jun 2023
Professional Designation Of Individual Responsible For Preparation Or Supervising Preparation Of Financial Statements
cipc-ca-enum:ProfessionalDesignationOfIndividualResponsibleForPreparationOrSupervisingPreparationOfFinancialStatements
https://xbrl.cipc.co.za/taxonomy/ca/enum#SouthAfricanInstituteOfCharteredAccountantsSelect item from Tag Enumeration list. 01 Jul 2022 – 30 Jun 2023
Type Of Assurance
cipc-ca-enum:TypeOfAssurance
https://xbrl.cipc.co.za/taxonomy/ca/enum#AuditedSelect item from Tag Enumeration list. 01 Jul 2022 – 30 Jun 2023
Type Of Auditors Opinion
cipc-ca-enum:TypeOfAuditorsOpinion
https://xbrl.cipc.co.za/taxonomy/ca/enum#Unqualifiedhttps://xbrl.cipc.co.za/taxonomy/ca/enum#Unqualified 01 Jul 2022 – 30 Jun 2023
Type Of Company
cipc-ca-enum:TypeOfCompany
https://xbrl.cipc.co.za/taxonomy/ca/enum#DomesticPrivateCompanySelect item from Tag Enumeration list. 01 Jul 2022 – 30 Jun 2023
Annual Financial Statements Audited
cipc-ca:AnnualFinancialStatementsAudited
truetrue 01 Jul 2022 – 30 Jun 2023
Annual Financial Statements Independently Compiled And Reported On
cipc-ca:AnnualFinancialStatementsIndependentlyCompiledAndReportedOn
falsefalse 01 Jul 2022 – 30 Jun 2023
Annual Financial Statements Internally Compiled
cipc-ca:AnnualFinancialStatementsInternallyCompiled
truetrue 01 Jul 2022 – 30 Jun 2023
Average Number Of Employees
cipc-ca:AverageNumberOfEmployees
R 4,310.00 pure 30 Jun 2023
Business Address City
cipc-ca:BusinessAddressCity
Chislehurston, Sandton 01 Jul 2022 – 30 Jun 2023
Business Address Country
cipc-ca:BusinessAddressCountry
ZAF 01 Jul 2022 – 30 Jun 2023
Business Address Postal Code
cipc-ca:BusinessAddressPostalCode
2,196.00 01 Jul 2022 – 30 Jun 2023
Business Address Street Name
cipc-ca:BusinessAddressStreetName
29 Impala Road 01 Jul 2022 – 30 Jun 2023
Customer Code
cipc-ca:CustomerCode
VICDES 01 Jul 2022 – 30 Jun 2023
Date Of Approval Of Annual Financial Statements
cipc-ca:DateOfApprovalOfAnnualFinancialStatements
01 Jul 2022 – 30 Jun 2023
Date Of Audit Of Annual Financial Statements
cipc-ca:DateOfAuditOfAnnualFinancialStatements
2023-12-011 December 2023 01 Jul 2022 – 30 Jun 2023
Date Of Publication Of Financial Statements
cipc-ca:DateOfPublicationOfFinancialStatements
01 Jul 2022 – 30 Jun 2023
Declaration Of Auditors Report Presence
cipc-ca:DeclarationOfAuditorsReportPresence
truetrue 01 Jul 2022 – 30 Jun 2023
Declaration Of Auditors Report Presence
cipc-ca:DeclarationOfAuditorsReportPresence
truetrue 01 Jul 2022 – 30 Jun 2023
Declaration Of Directors Report Presence
cipc-ca:DeclarationOfDirectorsReportPresence
truetrue 01 Jul 2022 – 30 Jun 2023
Declaration Of Signature By Authorised Director
cipc-ca:DeclarationOfSignatureByAuthorisedDirector
truetrue 01 Jul 2022 – 30 Jun 2023
Disclosure Of Auditors Opinion Explanatory
cipc-ca:DisclosureOfAuditorsOpinionExplanatory
Independent Auditor's ReportTo the Directors of Modikwa Mining Personnel Services (Pty) LtdReport on the Audit of the Financial StatementsOpinionWe have audited the financial statements of Modikwa Mining Personnel Services (Pty) Ltd ('the company') set outon pages 8 to 18, which comprise the statement offinancial position as at 30 June 2023, and the statement of profit orloss and other comprehensive income, statement of changes in equity and statement of cash flows for the year thenended, and notes to the financial statements, including a summary of significant accounting policies.In our opinion, the financial statements present fairly, in all material respects, the financial position of ModikwaMining Personnel Services (Pty) Ltd as at 30 June 2023, and its financial performance and cash flows for the yearthen ended in accordance with International Financial Reporting Standards and the requirements of theCompanies Act of South Africa.Basis for OpinionWe conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities underthose standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statementssection of our report. We are independent of the company in accordance with the Independent Regulatory Boardfor Auditors' Code of Professional Conduct for Registered Auditors (IRBA Code) and other independencerequirements applicable to performing audits offinancial statements of the company and in South Africa. We havefulfilled our other ethical responsibilities in accordance with the IRBA Code and in accordance with other ethicalrequirements applicable to performing audits of the company and in South Africa. The IRBA Code is consistentwith the corresponding sections of the International Ethics Standards Board for Accountants' International Code ofEthics for Professional Accountants (including International Independence Standards). We believe that the auditevidence 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 inthe 18-page document titled "Modikwa Mining Personnel Services Proprietary Limited Audited Annual FinancialStatements for the period ended 30 June 2023", which includes the Directors' Report as required by the CompaniesAct of South Africa. The other information does not include the financial statements and our auditor's reportthereon.Our opinion on the financial statements does not cover the other information and we do not express an auditopinion or any form of assurance conclusion thereon. 01 Jul 2022 – 30 Jun 2023
Disclosure Of Auditors Report Explanatory
cipc-ca:DisclosureOfAuditorsReportExplanatory
Responsibilities of the Directors for Financial StatementsThe directors are responsible for the preparation and fair presentation of the financial statements in accordancewith International Financial Reporting Standards and the requirements of the Companies Act of South Africa, andfor such internal control as the directors determine is necessary to enable the preparation of financial statementsthat 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 asa going concern, disclosing, as applicable, matters related to going concern and using the going concern basis ofaccounting unless the directors either intend to liquidate the company or to cease operations, or have no realisticalternative but to do so. 01 Jul 2022 – 30 Jun 2023
Disclosure Of Auditors Responsibility Explanatory
cipc-ca:DisclosureOfAuditorsResponsibilityExplanatory
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 accordancewith ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or errorand are considered material if, individually or in the aggregate, they could reasonably be expected to influence theeconomic decisions of users 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 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. 01 Jul 2022 – 30 Jun 2023
Disclosure Of Company Results Explanatory
cipc-ca:DisclosureOfCompanyResultsExplanatory
Financial results and dividendsThe company earned a net profit for the year ended 30 June 2023 of R30,504,196 (2022 : R15,475,488) and as at that date its total 01 Jul 2022 – 30 Jun 2023
Disclosure Of Directors Explanatory
cipc-ca:DisclosureOfDirectorsExplanatory
Directors and secretaryDetails of the directors and secretary are stated on page 1. 01 Jul 2022 – 30 Jun 2023
Disclosure Of Directors Remuneration Explanatory
cipc-ca:DisclosureOfDirectorsRemunerationExplanatory
false 01 Jul 2022 – 30 Jun 2023
Disclosure Of Directors Report Explanatory
cipc-ca:DisclosureOfDirectorsReportExplanatory
MODIKWA MINING PERSONNEL SERVICES PROPRIETARY LIMITEDDIRECTORS' REPORT 01 Jul 2022 – 30 Jun 2023
Disclosure Of Directors Responsibility Explanatory
cipc-ca:DisclosureOfDirectorsResponsibilityExplanatory
MODIKWA MINING PERSONNEL SERVICES PROPRIETARY LIMITEDDIRECTORS' RESPONSIBILITY STATEMENTThe directors are responsible for the preparation and fair presentation of the affairs of the company to the shareholders as at the end ofthe financial year, and the results thereof for the period, as set out in the annual financial statements. The directors are responsiblefor the overall co-ordination, preparation, and approval of the financial statements. Responsibility for the initial presentation of thesefinancial statements was delegated to the officers of the company.The annual financial statements have been prepared on a going concern basis, they conform to the International Financial ReportingStandards (IFRS) and are presented by applying appropriate accounting policies supported by reasonable and prudent judgements andestimates made by management.To discharge this responsibility, the company maintains accounting and administrative control systems designed to providereasonable assurance that assets are safeguarded and that transactions are executed and recorded in accordance with generallyaccepted business practices and procedures. The accounting policies of the company are set out on pages 12 to 14 of this report.The financial statements which appear on pages 7 to 18 were approved by the Board of Directors on and signed onits behalf by:TTA MhlangaC ChibafaAuthorised DirectorAuthorised Director 01 Jul 2022 – 30 Jun 2023
Disclosure Of Dividend Declaration Explanatory
cipc-ca:DisclosureOfDividendDeclarationExplanatory
No dividend was paid during the year (2022 : Rnil). 01 Jul 2022 – 30 Jun 2023
Disclosure Of Events After Reporting Date Explanatory
cipc-ca:DisclosureOfEventsAfterReportingDateExplanatory
Subsequent eventsThere have been no material events or circumstances of a material nature that have occurred between the year end and the date ofthis report that require disclosure of the amounts therein. 01 Jul 2022 – 30 Jun 2023
Disclosure Of Going Concern Specific To Directors Report Explanatory
cipc-ca:DisclosureOfGoingConcernSpecificToDirectorsReportExplanatory
Going concernThere is no material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. Thegoing concern basis has been applied in the preparation of the financial statements of the company. 01 Jul 2022 – 30 Jun 2023
Disclosure Of Holding Company And Ultimate Holding Company Explanatory
cipc-ca:DisclosureOfHoldingCompanyAndUltimateHoldingCompanyExplanatory
The holding company of Rustenburg Platinum Mines Limited, which holds 50% of the company's ordinary shares, is Anglo AmericanPlatinum Limited which is incorporated in the Republic of South Africa.The ultimate holding company is Anglo American Plc incorporated in the United Kingdom.The holding company of ARM Mining Consortium (Pty) Limited, which holds 50% of the company's ordinary shares, is African RainbowMinerals Limited which is incorporated in the Republic of South Africa. 01 Jul 2022 – 30 Jun 2023
Disclosure Of Nature Of Business Explanatory
cipc-ca:DisclosureOfNatureOfBusinessExplanatory
Nature of businessThe company provides employee and training management services to the Modikwa Platinum Mine Joint Venture. RustenburgPlatinum Mines Limited and ARM Mining Consortium (Pty) Limited jointly control the entity on a 50:50 basis. 01 Jul 2022 – 30 Jun 2023
Disclosure Of Social And Ethics Committee Explanatory
cipc-ca:DisclosureOfSocialAndEthicsCommitteeExplanatory
true 01 Jul 2022 – 30 Jun 2023
Disclosure Of Stated Capital Explanatory
cipc-ca:DisclosureOfStatedCapitalExplanatory
Share capitalThe authorised and issued share capital remained unchanged. 01 Jul 2022 – 30 Jun 2023
Email Address Of Company
cipc-ca:EmailAddressOfCompany
florence.nkomo@arm.co.za 01 Jul 2022 – 30 Jun 2023
Full Registered Name Of Company
cipc-ca:FullRegisteredNameOfCompany
MODIKWA MINING PERSONNEL SERVICES PROPRIETARY LIMITED 01 Jul 2022 – 30 Jun 2023
Maximum Number Of Individuals With Beneficial Interest In Securities Of Company Or Members In Case Of Non Profit Company
cipc-ca:MaximumNumberOfIndividualsWithBeneficialInterestInSecuritiesOfCompanyOrMembersInCaseOfNonProfitCompany
R 2.00 pure 30 Jun 2023
Name Of Auditing Company
cipc-ca:NameOfAuditingCompany
Ernst & Young Inc. 01 Jul 2022 – 30 Jun 2023
Name Of Auditor
cipc-ca:NameOfAuditor
Ashleigh Van Der Ploeg 01 Jul 2022 – 30 Jun 2023
Name Of Designated Person Responsible For Compliance
cipc-ca:NameOfDesignatedPersonResponsibleForCompliance
Florence Nkomo 01 Jul 2022 – 30 Jun 2023
Name Of Director Authorised To Approve Annual Financial Statements
cipc-ca:NameOfDirectorAuthorisedToApproveAnnualFinancialStatements
TTA Mhlanga 01 Jul 2022 – 30 Jun 2023
Name Of Individual Responsible For Preparation Or Supervising Preparation Of Financial Statements
cipc-ca:NameOfIndividualResponsibleForPreparationOrSupervisingPreparationOfFinancialStatements
Mr BS Ndimande 01 Jul 2022 – 30 Jun 2023
Postal Address Same As Business Address
cipc-ca:PostalAddressSameAsBusinessAddress
truetrue 01 Jul 2022 – 30 Jun 2023
Practice Number Of Auditor
cipc-ca:PracticeNumberOfAuditor
Ashleigh Van Der Ploeg 01 Jul 2022 – 30 Jun 2023
Public Interest Score
cipc-ca:PublicInterestScore
R 30,884.00 pure 30 Jun 2023
Registration Number Of Company
cipc-ca:RegistrationNumberOfCompany
2001/006659/07 01 Jul 2022 – 30 Jun 2023
Software Name
cipc-ca:SoftwareName
Report Authority Professional 01 Jul 2022 – 30 Jun 2023
Software Version
cipc-ca:SoftwareVersion
24.1.2.4 01 Jul 2022 – 30 Jun 2023