3.2 Property and Equipment  3.3  Other Payables  The asset register had fully depreciated assets, with a total  original cost of P5 630 324, that the Company still derived  economic benefits from.  A motor vehicle was involved in a road accident on 31  August 2016 and was not written off as it was included in the  fixed asset register with a carrying value of P165 927.22 as at  year end.   Completed projects of P1 665 722 were not transferred to  fixed assets.    Expenses of P794 222 that did not meet the recognition  criteria of an asset were capitalised instead of being expensed.  The auditors noted the following regarding fixed assets:  In response management stated that the fixed asset register was  updated according to International Accounting Standard 16.  Having completed the network assets audit in the prior financial  year (2016/2017) they focused on completeness of the asset  register, which included among others: tagging of assets, assessment of useful economic lives and physical verification.  However, the assessment of useful lives of some assets could not  be completed.  The auditors noted that the VAT returns for January and February  2018 were submitted on 27 March 2018, contrary to requirements  of Botswana VAT Act which requires that VAT returns be submitted by the 25 th  of the following month. In addition the company was charged interest and penalties  amounting to P184 313 and P310 095 respectively on certain 2015  returns which the company had not accrued as they were  querying. In response management indicated that the submission of VAT  returns was delayed by invoice integration issues and that the  BURS online system was down on 26 March 2018 of which the  company had communicated to BURS. A manual submission was  then made on 27 March 2018. 121 