Showing records 1–50 of 270 total facts. Type above to filter across all records, or use pagination below.
| Element | Value | Unit | Period |
|---|---|---|---|
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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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cipc-ca-enum:SouthAfricanInstituteOfCharteredAccountantsSelect item from Tag Enumeration list. | — | 01 Jan 2023 – 31 Dec 2023 |
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Type Of Assurance
cipc-ca-enum:TypeOfAssurance
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cipc-ca-enum:AuditedSelect item from Tag Enumeration list. | — | 01 Jan 2023 – 31 Dec 2023 |
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Type Of Auditors Opinion
cipc-ca-enum:TypeOfAuditorsOpinion
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cipc-ca-enum:UnqualifiedSelect item from Tag Enumeration list. | — | 01 Jan 2023 – 31 Dec 2023 |
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Type Of Company
cipc-ca-enum:TypeOfCompany
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cipc-ca-enum:DomesticPrivateCompanySelect item from Tag Enumeration list. | — | 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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R 1,169.00 | pure | 31 Dec 2023 |
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Business Address City
cipc-ca:BusinessAddressCity
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Firgrove | — | 01 Jan 2023 – 31 Dec 2023 |
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Business Address Country
cipc-ca:BusinessAddressCountry
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ZAF | — | 01 Jan 2023 – 31 Dec 2023 |
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Business Address Postal Code
cipc-ca:BusinessAddressPostalCode
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7,130.00 | — | 01 Jan 2023 – 31 Dec 2023 |
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Business Address Street Name
cipc-ca:BusinessAddressStreetName
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Reeb Road | — | 01 Jan 2023 – 31 Dec 2023 |
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Customer Code
cipc-ca:CustomerCode
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WWB01 | — | 01 Jan 2023 – 31 Dec 2023 |
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Date Of Approval Of Annual Financial Statements
cipc-ca:DateOfApprovalOfAnnualFinancialStatements
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2024-04-11 | — | 01 Jan 2023 – 31 Dec 2023 |
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Date Of Audit Of Annual Financial Statements
cipc-ca:DateOfAuditOfAnnualFinancialStatements
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2024-05-1717 May 2024 | — | 01 Jan 2023 – 31 Dec 2023 |
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Date Of Publication Of Financial Statements
cipc-ca:DateOfPublicationOfFinancialStatements
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2024-05-17 | — | 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 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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Disclosure Of Auditors Explanatory
cipc-ca:DisclosureOfAuditorsExplanatory
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AUDITORSDeloitte & Touche was appointed as the external auditors of the company in accordance with section 90 (6) of theCompanies Act of South Africa, 71 of 2008. | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Auditors Opinion Explanatory
cipc-ca:DisclosureOfAuditorsOpinionExplanatory
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INDEPENDENT AUDITOR’S REPORTTo the Shareholders of Rheinmetall Denel Munition Proprietary LimitedReport on the Audit of the Financial StatementsOpinionWe have audited the financial statements of Rheinmetall Denel Munition Proprietary Limited set out on pages 9 to63, which comprise the statement of financial position as at 31 December 2023, and the statement of profit or lossand other comprehensive income, the statement of changes in equity and the statement of cash flows for the yearthen ended, and the notes to the financial statements, including material accounting policy information.In our opinion, the financial statements present fairly, in all material respects, the financial position of RheinmetallDenel Munition Proprietary Limited as at 31 December 2023, and its financial performance and cash flows for theyear then ended in accordance with IFRS Accounting Standards as issued by the International Accounting StandardsBoard and the requirements of the Companies 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 Statements section ofour report. We are independent of the Company in accordance with the Independent Regulatory Board forAuditors’ Code of Professional Conduct for Registered Auditors (IRBA Code) and other independence requirementsapplicable to performing audits of financial statements in South Africa. We have fulfilled our other ethicalresponsibilities in accordance with the IRBA Code and in accordance with other ethical requirements applicable toperforming audits in South Africa. The IRBA Code is consistent with the corresponding sections of the InternationalEthics Standards Board for Accountants’ (IESBA) International Code of Ethics for Professional Accountants (includingInternational Independence Standards) (IESBA code). We believe that the audit evidence we have obtained issufficient 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 document titled “Rheinmetall Denel Munition Proprietary Limited Annual Financial Statements for the yearended 31 December 2023” which includes the Directors’ Report as required by the Companies Act of South Africa.The other information does not include the financial statements 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 withIFRS Accounting Standards as issued by the International Accounting Standards Board and the requirements of theCompanies Act of South Africa, and for such internal control as the directors determine is necessary to enable thepreparation of financial 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 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 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 withISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and areconsidered material if, individually or in the aggregate, they could reasonably be expected to influence the economicdecisions 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 orerror, design and perform audit procedures responsive to those risks, and obtain audit evidence that issufficient and appropriate to provide a basis for our opinion. The risk of not detecting a materialmisstatement resulting from fraud 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 thatare appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectivenessof the Company’s internal control.•Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimatesand related disclosures made by the directors.•Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and basedon the audit evidence obtained, whether a material uncertainty exists related to events or conditions thatmay cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that amaterial uncertainty exists, we are required to draw attention in our auditor’s report to the relateddisclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Ourconclusions are based on the audit evidence obtained up to the date of our auditor’s report. However,future events or conditions may cause the Company to cease to continue as a going concern.•Evaluate the overall presentation, structure and content of the financial statements, including thedisclosures, and whether the financial statements represent the underlying transactions and events in amanner that achieves fair presentation. | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Company Results Explanatory
cipc-ca:DisclosureOfCompanyResultsExplanatory
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GENERAL REVIEW OF ACTIVITIESThe company currently operates on four different sites, namely Somerset West, Wellington, Boskop and Boksburg.The following key financial figures reflect in the financial statements:Statement of comprehensive income20232022R’mR’mRevenue3,554.33,930.2Operating performance3,749.03,589.1Profit before income tax149.9562.8Revenue has decreased by 10% compared to the prior year and profit before income tax decreased by 73%. Thedecrease in revenue resulted in the decrease in operating performance of 4% and the decrease in profit before incometax.Statement of financial position20232022R’mR’mShareholders equity and reserves1,888.21,918.3Net liquidity*(449.9)(723.6)Shareholders equity and reserves include the Hedging Reserve which decreased during the year due to fair valuelosses and transfers to sales.The annual financial statements on pages 9 to 63 set out the full financial position, results of operations and cash flowsof the company for the financial year ended 31 December 2023.*The directors continuously evaluate liquidity as a key measurement figure. Net liquidity for these purposes includesloans to related parties, cash and cash equivalents, shareholders’ loans and borrowings. | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Directors Explanatory
cipc-ca:DisclosureOfDirectorsExplanatory
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DIRECTORSThe Board as at 31 December 2023 was composed of the following directors:AT Papperger(Germany)(Chairman)(non-executive)Dr A Sagel(Germany)(Resigned 31 July 2023)(non-executive)RC Gansauge(Germany)(Appointed 31 July 2023 )(non-executive)MG Koll(Germany)(Appointed 31 July 2023)(non-executive)ML Kgobe(RSA)(Appointed 31 March 2023)(non-executive)TH Magazi(RSA)(Appointed 31 March 2023)(non-executive) | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Directors Remuneration Explanatory
cipc-ca:DisclosureOfDirectorsRemunerationExplanatory
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NOTES TO THE FINANCIAL STATEMENTS34 Directors RemunerationRemuneration andFor the year ended 31 December 2023benefitsExecutive DirectorsNone-Non Executive DirectorsAT Papperger-Dr A Sagel-RC Gansauge-MG Koll-T Magazi-M Kgobe-Paid by the companyPaid by other group companiesTotal for 2023Directors not employed by the company are not paid for their services as directors to the company. | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Directors Report Explanatory
cipc-ca:DisclosureOfDirectorsReportExplanatory
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DIRECTORS’ REPORTThe Board of Directors have the pleasure in reporting to the shareholders on the activities and financial results for theyear 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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DIRECTORS' RESPONSIBILITY AND APPROVALThe directors are required in terms of the Conpanies Act of South Africa, 71 of 2008 to maintainadequate accounting records and are responsible for the content and intergrity of the financialstatements and related financial information incuded in this report. It is their responsibility to ensurethat the financial statements fairly present the state of affairs of the company as at the end of thefinancial year and the results of its operations and cash flows for the period then ended, in conformitywith International Financial Reporting Standards. The external auditors are engaged to express anindependent opinion on the financial statements.The financial statements are prepared in accordance with International Financial Reporting Standardsand are based upon appropriate accounting policies consistently applied and supported by reasonableand prudent judgements and estimates.The directors acknowledge that they are ultinmately responsible for the system of internal financialcontrol established by the company and place considerable importance on maintaining a strongcontrol environment. To enable the directors to meet these reponsibilities, the board sets standards forinternal control aimed at reducing the risk of error or loss in a cost-effective manner. The standardsinclude the proper delegation of responsibilities within a clearly defined framework, effectiveaccounting procedures and adequate segregation of duties to ensure an acceptable level of risk. Thesecontrols are monitored throughout the company and all employees are required to maintain thehighest ethical standards in ensuring the company's business is conduted in a manner that in allreasonable circumstances is above reproach. The focus of risk management in the company is onidentifying, assessing, managing and monitoring all known forms of risk across the company. Whileoperating risk cannot be fully eliminated, the company endeavours to minimise it by ensuring thatappropriate infrastructure, controls, systems and ethical behaviour are applied and managed withinpredetermined procedures and constraints.The directors are of the opinion, based on the information and explantions given by management thatthe system of internal control provides reasonable assurance that the financial records may be reliedon for the preparation of the financial statements. However, any system of internal financial controlcan provide only reasonable, and not absolute, assurance against material misstatement or loss.The directors have reviewed the company's cash flow forecast for the year to 31 December 2024 and,in the light of this review and the current financial position, they are satisifed that the company has orhas access to adequate resources to continue in operational existence for the foreseeable future.Shortfall from operating activities will be funded with shareholders' loans as per the shareholders'agreement as well as overdraft facilities which were establised at Rheinmetall Denel Munition RF(Pty) Ltd's bankers.The external auditors are responsible for independently auditing and reporting on the company'sfinancial statements. The financial statements have been examined by the company's external andtheir report is presented on pages 6 to 8The directors' report set out on pages 4 to 5 and the financial statements set out on pages 9 to 63,which have been prepared on the going concern basis, were approved by the board on 11 April 2024were signed on its behalf by:MG Koll (Director)M Bohacek (Chief Financial Officer) | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Directors Shareholdings Explanatory
cipc-ca:DisclosureOfDirectorsShareholdingsExplanatory
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DIRECTORS’ INTERESTS AND EMOLUMENTSThe directors received no director’s fees and declared that they have no interest in the issued share capital of thecompany or any contracts which the company entered into. | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Dividend Declaration Explanatory
cipc-ca:DisclosureOfDividendDeclarationExplanatory
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DividendsThe Board of Directors has declared no dividends for the year under review (2022: Rnil). | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Events After Reporting Date Explanatory
cipc-ca:DisclosureOfEventsAfterReportingDateExplanatory
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EVENTS SUBSEQUENT TO THE REPORTING DATEThe Board is not aware of any other material post reporting date events that could influence the results for the yearended 31 December 2023. | — | 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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GOING CONCERNThe company’s cash flow forecast for the year to 31 December 2024 has been reviewed by the Board and, in the lightof this review and the current financial position, they are satisfied that the company has or has access to adequateresources to continue in operational existence for the foreseeable future. Shortfall from operating activities will befunded with shareholders’ loans as per the shareholders’ agreement as well as overdraft facilities which wereestablished at Rheinmetall Denel Munition RF (Pty) Ltd’s bankers.Therefore, the annual financial statements continue to be prepared on a going concern basis. | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Nature Of Business Explanatory
cipc-ca:DisclosureOfNatureOfBusinessExplanatory
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NATURE OF ACTIVITIESThe company is a manufacturing entity in the defence Industry and competes with high quality products in the Globalmarket. | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Social And Ethics Committee Explanatory
cipc-ca:DisclosureOfSocialAndEthicsCommitteeExplanatory
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True | — | 01 Jan 2023 – 31 Dec 2023 |
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Disclosure Of Stated Capital Explanatory
cipc-ca:DisclosureOfStatedCapitalExplanatory
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SHARE CAPITALThe authorised share capital remained unchanged during the year under review.There was also no movement in the number of issued ordinary shares during the year which remains at 200 shares ofR1.00 each. The holding company with 51% of the shares is Rheinmetall Waffe Munition GmbH. | — | 01 Jan 2023 – 31 Dec 2023 |
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Email Address Of Company
cipc-ca:EmailAddressOfCompany
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JanPaul.Carstens@rheinmetall-denelmunition.com | — | 01 Jan 2023 – 31 Dec 2023 |
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Full Registered Name Of Company
cipc-ca:FullRegisteredNameOfCompany
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RHEINMETALL DENEL MUNITION RF (PTY) LTD | — | 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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R 2.00 | 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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Jenny Botes | — | 01 Jan 2023 – 31 Dec 2023 |
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Name Of Designated Person Responsible For Compliance
cipc-ca:NameOfDesignatedPersonResponsibleForCompliance
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Roelof van den Berg | — | 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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MG Koll | — | 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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Roelof van den Berg | — | 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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Public Interest Score
cipc-ca:PublicInterestScore
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R 5,511.00 | pure | 31 Dec 2023 |
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Registration Number Of Company
cipc-ca:RegistrationNumberOfCompany
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2007/032918/07 | — | 01 Jan 2023 – 31 Dec 2023 |
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Repayment Of Finance Sourced From Related Parties
cipc-ca:RepaymentOfFinanceSourcedFromRelatedParties
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R 950,000,000.00 | ZAR | 01 Jan 2023 – 31 Dec 2023 |
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Repayment Of Finance Sourced From Related Parties
cipc-ca:RepaymentOfFinanceSourcedFromRelatedParties
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R 200,000,000.00 | ZAR | 01 Jan 2022 – 31 Dec 2022 |
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Software Name
cipc-ca:SoftwareName
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Report Authority Professional | — | 01 Jan 2023 – 31 Dec 2023 |