Exhibit 1

Ranking of standards by the PMU

Ranking
1IAS 12 Income Tax , paragraph 81(c) and 84
Insufficiently detailed tax rate reconciliations
2IAS 36 Impairment of Assets, paragraphs 130-134
Insufficient information regarding impairment calculations
3IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors, paragraph 49
Correction of errors not reflected as such in a transparent manner
4IFRS 13 Fair Value Measurement, paragraph 93
Lack of details regarding entity specific unobservable inputs used in valuation models
5IAS 1 Presentation of Financial Statements, paragraphs 31, 117, 119
Accounting policies not entity specific or focussed on significant policies
6IFRS 3 Business Combinations, paragraph B64(e)
Factors in support of goodwill recognised in the current period not described in an entity-specific manner
7IFRS 7 Financial instruments: Disclosures, paragraph 39(c)
Incomprehensive liquidity risk disclosures
Source: JSE (2020, p. 10)

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