(c) Amounts Redeemed During the Year  23. Statement of Special Funds – (Statement No. 10) a) Botswana Innovation Hub Fund b) Prisons Rewards and Fines Fund  c) National Electrification Fund  The amount of P1 226 145 968 reflected in the Statement as  redeemed during the year included the original loan amount of  P900 566 097 to BCL liquidator, and P279 000 000 of equity  contribution to Botswana Development Corporation, which have  not been redeemed. This latter amount was shown as having  been redeemed in the previous year.  The observations and comments arising from the audit of the accounts  of the Special Funds for the financial year ended 31 March 2018 are  made below, under the respective Special Funds.  Despite the revocation of the Fund by Botswana Innovation Fund  Order in September 2017 and replacement by Botswana Innovation Fund, the accounts of that old special fund [BIHF]  were still reflected in the Annual Statements of Accounts on 31  March 2018, with the initial capital balance of P12 000 000. In his  written submission to the 56 th  meeting of the Public Accounts  Committee, the Accounting Officer had stated that this balance  would be disbursed to the beneficiaries during the 2018/2019  financial year, although it was not clear who the beneficiaries  were, apart from Government who had provided the seed  capital of that amount.  The figure of income of P84 596 credited to the Fund through the  Income Statement during the year under review incorrectly  included loan repayments of P6 000 which should have been  applied to the reduction of the loan amount in the Balance  Sheet. The balance of this loan is omitted in the Balance Sheet.  Section 12 of the Fund Order establishing this Special Fund  (Statutory Instrument No. 27 of 2010) provides that the accounts  of the Fund shall within 3 months after the end of the financial  year, be audited by an independent auditor appointed by the  Fund Management Committee; and further that not later than 6  months after the close of the financial year, those accounts shall  be submitted to the Accountant General.  11 