Calculator


Average number of employees during the financial year
Total third party liability during the financial year R
Total turnover during the financial year R
Number of individuals at the end of financial year that are known to be members
   

Results


Public Interest Score:
Recommendation:


NOTES:

1. The calculation must be done every financial year end.
2. The score will determine whether or not the company needs to audit its annual financial statements (AFS) and establish a social and ethics committee:
2a. The AFS must be audited if the public interest score is 350 or more
2b. The AFS must also be audited if the public interest score is at least 100 and the AFS for the year were internally compiled
2c. A social and ethics committee must be established if the public interest score in any two of the past five years were more than 500
3. The number to be included in either the last field must include all those who are also directly or indirectly shareholders or members of the company

INDEMNITY:

The above calculator is provided for guidance purposes only
Accumulo does not accept any responsibility for the incorrect use of the calculator or for any actions taken based on the outcome thereof
It remains the responsibility of the user to verify the outcome of the score prior to making any decisions based thereon
For additional information refer to Regulations 26(2), 28(2)(c ) and 43(1) to the Companies Act of 2008