## 45. Late Accounting for Dividend Payment 

My review of the audited accounts of the Botswana Housing Corporation for the year ended 31 March 2018 had indicated that the Corporation had paid to Government a dividend of P20 205 000 from the accumulated dividend balance under arrangement with Government. However, the revenue accounts of Government for the year under review had shown that only P9 344 928, net of withholding tax, had been credited in respect of the first instalment. The second instalment of the same amount which was paid in January 2018 was not accounted for until August 2018. This indicated a delay of 6 months in accounting for revenue received which had resulted in understatement of revenue under this account: all revenues should be accounted for promptly upon receipt. 

