## 119. Introductory 

## X PARASTATALS 

With the exception of the Botswana Railways and Air Botswana which are under the ambit of my audit, the rest of the statutory bodies and state-owned enterprises are audited by independent auditors appointed by their Boards of management under the terms of their governing statutes. However, by a long-standing arrangement these entities provide me with the audited accounts and reports of their organisations for purposes of review and inclusion of the review results in this report to the National Assembly. These reviews are for the benefit of the Committee on Statutory Bodies and State-owned Enterprises during the examinations of the accounts of these organisations. 

The succeeding paragraphs are observations and comments resulting from my audits (where appropriate) and review of the accounts and reports of those bodies. It has not been possible to obtain financial statements and reports from all parastatals as some of these were not ready for a variety of reasons, and where this is the case I have so indicated in this report. 

## 120. Air Botswana 

The financial statements of Air Botswana Corporation for the financial year ended 31 March 2018 were audited by Messrs PricewaterhouseCoopers, Certified Auditors, who were appointed by me in terms of Section 22 (2) of Air Botswana Act, (Cap 74:07). 

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

