The South African National Roads Agency Limited and National Roads Act, 1998 (Act No. 7 of 1998)Chapter 4 : Finances and Accountability37. Annual report |
| (1) | Annually, within five months after the end of the financial year, the Agency must submit a report to the Minister about the business, operations, projects, finances, transactions and activities of the Agency during the financial year and its financial position as at the end of that year. |
| (2) | For that purpose the annual report, amongst others, must include the following: |
| (a) | The audited financial statements of the Agency for the financial year covered by the annual report; |
| (b) | the auditor’s report; |
| (c) | a synopsis by the Board which, in broad terms, outlines the Agency’s business, operations, projects and activities during that financial year and gives the necessary background information, explanations or reasons for anything dealt with in the financial statements, and— |
| (i) | setting out the extent to which the Agency has succeeded in achieving or advancing its various detailed objectives as set out in its business and financial plan for that financial year and in its then current strategic plan; and |
| (ii) | containing all relevant information about the Agency’s performance with a view to determining how far the Agency has succeeded in applying its resources effectively, efficiently and economically during that financial year, as well as a comparison between the planned performance indicators for that financial year as set out in that year’s business and financial plan, and the actual performance indicators as at the end of that year; and |
| (iii) | specifying the amounts of money received by the Agency from the State (if any) and the manner in which it was made available to it and, if any amount was made available by the State for any particular purpose, also the purpose in question; and |
| (iv) | specifying any liability incurred or commitment undertaken by the State (if any) for the Agency’s benefit. |
| (3) | The Agency’s annual report must be laid on the table in the National Assembly within 14 days after the Minister has received it, if the National Assembly is sitting then, or, if the National Assembly is not sitting then, within 14 days after the beginning of its next sitting. |