## 151. Botswana Savings Bank 

As part of my writing of this report, and in line with the long standing arrangement with the Public Accounts Committee, I had circularized all statutory bodies and state enterprises requesting them to forward to me copies of their audited financial statements and reports for purposes of review and inclusion of the review results in this report. However, at the time of writing this report I had not received a response to my request for submission of audited accounts and reports. 

Consequently, I have not been able to carry out the review of the accounts of the Bank for the financial year ended 31 March 2018, for the benefit of the National Assembly. 

## 152. Botswana Stock Exchange 

The financial statements of Botswana Stock Exchange for the financial year ended 31 December 2017 were audited by Messrs KPMG, Certified Auditors, who were appointed by the Stock Exchange Committee in terms of Section 41 (2) of the Botswana Stock Exchange Act, ( Cap 56:08). 

## 2.0 Accounts 

## 2.1 Audit Opinion 

## In the opinion of the auditors: 

The consolidated and separate financial statements presented fairly, in all material respects the consolidated and separate financial position of Botswana Stock Exchange as at 31 December 2017 and its consolidated and separate financial performance and consolidated and separate cash flows for the year then ended in accordance with International Financial Reporting Standards. 

## 2.2 Financial Results 

In the year under review, the Group and the Stock Exchange recorded a profit of P8.44 million and P 6.85 million respectively compared to P 8.41 million and P5.87 million respectively in the previous year. The income for the Group increased by P3.77 million from P36.92 million in the previous year to P40.69 million in the year under review, while the expenses increased by P3.73 million from P28.51 million in the previous year to P32.24 million in the year under review. 

