budget of P10 million had been approved and would be utilised to replace the old assets. 

## 3.2 Insurance Cover not Taken for Some Assets 

Auditors noted that some assets such as porta-cabins, furniture and fittings and office equipment were not insured. Only motor vehicles were insured and ICT equipment was only insured after year-end. 

In response management stated that the remaining assets would be insured during the financial year 2018/19. 

## 3.3 Unique Numbering of Assets in the Fixed Asset Register 

The auditors noted that, as in the previous year that some fixed assets were not coded. This made it difficult to verify the physical existence of fixed assets since they were not uniquely identifiable. 

In response management pointed out that the process of tagging and physical verification was in progress and the majority of assets had already been tagged. All assets would be tagged by the end of December 2018. 

## 176. Statistics Botswana 

The financial statements of Statistics Botswana for the financial year ended 31 March 2018 were audited by Messrs PricewaterhouseCoopers, Certified Auditors, who were appointed by the Board in terms of Section 24 (2) of the Statistics Act, 2009. 

## 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 Statistics Botswana as at 31 March 2018, and its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards. 

