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AUDITED ANNUAL FINANCIAL STATEMENTS

AUDITED ANNUALFINANCIAL STATEMENTSFOR THE PERIOD ENDED 1 MARCH 2020 AUDITED ANNUAL FINANCIAL STATEMENTS N PAY STORES LIMITED GROUPD irectors responsibility statement 2 Company Secretary s certificate 3 Directors report 4 Independent auditor s report 6 Audit, risk and compliance committee report 12 Review of operations 18 GROUP ANNUAL FINANCIAL STATEMENTSS tatement of comprehensive income 30 Statement of FINANCIAL position 31 Statement of changes in equity 32 Statement of cash flows 33 Notes to the ANNUAL FINANCIAL STATEMENTS 34 COMPANY ANNUAL FINANCIAL STATEMENTSS tatement of comprehensive income 98 Statement of FINANCIAL position 99 Statement of changes in equity 100 Statement of cash flows 101 Notes to the ANNUAL FINANCIAL STATEMENTS 102 ADDITIONAL INFORMATIONA ppendices 110 Analysis of ordinary shareholders 116 Analysis of B shareholders 117 Corporate information 11801020304 These Group and Company ANNUAL FINANCIAL STATEMENTS have been prepared by the Group s Finance Division under the supervision of the Chief Finance Officer (CFO), Lerena Olivier, CA(SA).

exchange in South Africa, is an investment holding company. The Group comprises subsidiaries and an associate that retail food, clothing, general merchandise, pharmaceuticals and liquor throughout Africa, both on an owned and franchise basis. The Group also acquires and develops strategic retail and distribution sites.

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