Financial Statements

Annual financial statements

The Council and the Board of Eskom are responsible for the preparation and integrity of Eskom and group annual financial statements and related financial information included in this annual report. The external auditors are responsible for independently auditing and reporting on the financial statements in conformity with Statements of South African Auditing Standards.

The financial statements are prepared in accordance with International Accounting Standards as well as Statements of Generally Accepted Accounting Practice, and incorporate full and meaningful disclosure in line with Eskom's reporting philosophy. The financial statements are based on appropriate accounting policies and supported by reasonable and prudent judgements and estimates.

Reporting

In order to present a balanced and understandable assessment of its position, Eskom is continually striving to ensure that its reporting and disclosure to stakeholders are relevant, clear and effective. It places great emphasis on reporting on both financial and non-financial matters, as well as addressing both positive and negative aspects of its performance. Non-financial matters include technical performance, social and economic issues, ethics, safety, health and the environment. Eskom strives to align with international sustainability initiatives including the Global Reporting Initiative Guidelines. The annual report has therefore been revisited in order to strive towards more integrated reporting.

Eskom's predetermined objectives, as well as its performance as measured against financial and non-financial KPIs, are included in the directors' report.

List of Annual Reports

• Annual Report 2001
• Annual Report 2000
• Annual Report 1999
• Annual Report 1998
• Annual Report 1997