Section 29Part 2 — Establishment, Capital and Administration of Authority
Annual report
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The Authority shall prepare an annual report in respect of each financial year.
The annual report shall report the performance of the Authority and compare such performance with that proposed in the ownership agreement for that financial year, and shall include —
a summary of the nature and scope of the activities of the Authority during that financial year;
a summary of the extent to which the strategic goals and objectives of the Authority described in the annual ownership agreement were achieved;
a summary of the extent to which the ownership performance targets set out in the Authority's annual ownership agreement for that financial year have been achieved in that financial year;
audited financial statements of the Authority for the financial year, which shall —
be prepared on a basis consistent with the forecast financial statements in the Authority's annual ownership agreement for that financial year; and
contain the statements and information set out in Schedule 6;
the amount of any equity investment made by the Government in the Authority during the financial year;
the amount of any capital withdrawals made by the Government from the Authority during the financial year;
the amount of any dividends or profit distributions paid by the Authority during the financial year;
the amount of any loans to the Authority by the Government during the financial year; and
details of any guarantees relating to the Authority made by the Government during the financial year.
The financial statements referred to in subsection (2) shall be prepared within two months of the end of the financial year and submitted to the Auditor General for auditing, and the Auditor General shall provide a written report on such statements within two months of receipt of the financial statements.
The annual report shall be presented to the Cabinet by the Minister no later than four months after the end of the financial year.
The annual report of the Authority shall be presented to the Legislative Assembly no later than four months and two weeks after the end of the financial year, or on the first sitting day thereafter, by the Minister.
As soon as the annual report is tabled it shall be a public document and the Authority shall provide a copy to any person requesting one on payment of a copying charge prescribed by regulations made by the Cabinet.
Defined Terms
annual reportaudited financial statementsAuditor General