Promotion of Access to Information Act, 2000
R 385
South African National Water Resources Infrastructure Agency SOC Limited Act, 2024 (Act No. 34 of 2024)Chapter 5 : Financial Matters, Reporting and Accountability34. Financial statements and annual report |
| (1) | The Board must prepare and submit financial statements to the Minister in accordance with established accounting practice, principles and procedures, comprising— |
| (a) | a statement reflecting, with suitable and sufficient particulars, the income and expenditure of the Agency during the preceding financial year; and |
| (b) | a balance sheet showing the state of its assets, liabilities and financial position as at the end of that financial year. |
| (2) | Within five months after the end of each financial year of the Agency, the Board must prepare and submit to the Minister an annual report and financial statements in the prescribed form. |
| (3) | Where required, the financial records must indicate separate activities or projects of the Agency. |
| (4) | The Agency must publish its annual report and financial statements and make copies available at the offices of the Agency for inspection. |
| (5) | The Minister must table in Parliament the annual report of the Agency, for consideration every year once the Minister has received it in terms of this Act. |
