license levy remains outstanding. Additionally, the auditors noted that no person was charged in line with Section 50 of the Gambling Act, 2012, which requires for a person who fails to pay levy or makes late payment liable to a fine not exceeding P20 000, although there were perpetrators. The auditors advised management to make arrangements to amend either the regulations or the act to make them consistent and ensure that relevant provisions were implemented. 

In response management stated that the Authority was amending the Gambling Act and the regulations to reflect consistency in the provisions and to ensure that interpretation and compliance were duly effected without contradiction. 

## 164. Human Resource Development Council 

The financial statements of the Human Resource Development Council for the financial year ended 31 March 2018 were audited by Messrs PricewaterhouseCoopers, Certified Auditors, who were appointed by the Council in terms of Section 23 (2) of the Human Resource Development Council Act, (No. 17 of 2013). 

## 2.0 Accounts 

## 2.1 Audit Opinion 

## In the opinion of the auditors: 

The financial statements presented fairly, in all material respects, the financial position of Human Resource Development Council as at 31 March 2018, and its financial performance and its cash flows for the year then ended in accordance with the International Financial Reporting Standards. 

## 2.2 Financial Results 

The financial operations of the Council showed a surplus of P2.12 million for the year under review, compared to P4.14 million in the previous year. 

Expenditure increased by P13.67 million (17%) from P79.65 million in the previous year to P93.32 million in the year under the review. The increase is attributable to an increase of P7.63 million representing 16% in payroll expenses and P5.13 million, representing 250% in consultancy expenses. 

