Regulatory Alerts2025-01-25
Non-Bank Financial Institutions Regulatory Authority Annual Audited Financial Statements for the Year Ended 31 March 2024
The Non-Bank Financial Institutions Regulatory Authority of Botswana has issued its audited annual financial statements for the year ended 31 March 2024, prepared in compliance with International Financial Reporting Standards and the NBFIRA Act of 2023. Audited by Forvis Mazars, the report confirms total revenue of P106.8 million, predominantly from supervisory levies, alongside an operating surplus of P155,467 and total assets valued at P78.3 million. The statements affirm the Authority's robust internal controls, going concern status, and accurate accounting for revenue recognition and trade receivable impairments.
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