Bell Equipment : Audited Annual Financial Statements for the year ended 31 December 2021

BELL EQUIPMENT LIMITED

AUDITED ANNUAL

FINANCIAL STATEMENTS

31 December 2021

BELL EQUIPMENT LIMITED
CONTENTS
31 December 2021
PAGE
Global corporate structure	2 -3
Responsibility for financial statements	4 -5
Directors' report	6 -8
Audit committee report	9 - 12
Independent auditor's report	13 - 18
Consolidated statement of financial position	19
Consolidated statement of profit or loss	20
Consolidated statement of profit or loss and other comprehensive income	21
Consolidated statement of changes in equity	22
Consolidated statement of cash flows	23
Notes to the consolidated statement of cash flows	24 - 25
Notes to the consolidated annual financial statements	26 - 94
Shareholder analysis	95 - 96
Glossary	97
Corporate information	98

BELL EQUIPMENT LIMITED GLOBAL CORPORATE STRUCTURE 31 December 2021

BELL EQUIPMENT LIMITED

GLOBAL CORPORATE STRUCTURE (continued) 31 December 2021

BELL EQUIPMENT LIMITED

RESPONSIBILITY FOR FINANCIAL STATEMENTS 31 December 2021

Declaration in terms of the Companies Act, 71 of 2008 (as amended) (Companies Act)

The preparation of the annual financial statements for the year ended 31 December 2021, which appear on pages 6 to 12 and 19 to 94, has been supervised by the group finance director of Bell Equipment Limited, Mrs KJ van Haght.

KJ van Haght CA(SA)

Group finance director 24 March 2022

Approval of the annual financial statements for the year ended 31 December 2021

The directors of Bell Equipment Limited are responsible for the integrity of the annual financial statements of the group and that the other information in these statements is fairly presented.

In order to fulfil this responsibility, the group maintains internal accounting and administrative control systems and procedures designed to provide assurance that assets are safeguarded and that transactions are executed and recorded in accordance with the group's policies and procedures.

The annual financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS),

the SAICA Financial Reporting Guides as issued by the Accounting Practices Committee, the Financial Reporting Pronouncements as issued by the Financial Reporting Standards Council and in accordance with the requirements of the Companies Act of South Africa, and have been examined by independent auditors in conformity with International Standards on Auditing.

The directors of Bell Equipment Limited are of the opinion that the group has adequate resources to continue in operation for the foreseeable future. The consolidated financial statements have therefore been prepared on a going concern basis.

The annual financial statements of the group which appear on pages 6 to 12 and 19 to 94 were approved by the directors on 24 March 2022 and are signed on their behalf by:

Gary Bell Non-executive chairman 24 March 2022

Leon Goosen Chief executive