151. Botswana Savings Bank  152. Botswana Stock Exchange 2.0 Accounts 2.1 Audit Opinion In the opinion of the auditors:  2.2 Financial Results 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.  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).  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.  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. 163 