135. Botswana Innovation Hub Limited  2.0 Accounts 2.1 Audit Opinion Emphasis of Matter: In the opinion of the auditors:  In response, management acknowledged the existence of such  cases and stated that they had advised clients to transfer their  properties upon clearing loans, through the issuance of clearance certificates. Follow-up on such clients would be carried out at the sales office.  The financial statements of Botswana Innovation Hub for the financial  year ended 31 March 2018 were audited by Messrs Grant Thornton,  Certified Auditors, who were appointed by the Board.  The annual financial statements presented fairly, in all material  respects, the consolidated and separate financial position of  Botswana Innovation Hub as at 31 March 2018, 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. Without qualifying their opinion, the auditors drew attention to  Note 27 of the financial statements which stated that the  Investment property under construction developed certain structural defects in the prior year which were yet to be remedied. Based on the reports provided by experts employed,  the estimated costs involved in such remediation would be  approximately P24.61 million and the company had obtained  approval for additional funding required from its stakeholders.  Since the Investment property was still under construction and  value in use could be determined only after the building was put  in use, no impairment due to technical defects had been  effected in the financial statements for the year. The company  continued to engage with the legal experts to pursue the  reimbursements of the above remedial costs from the service  providers who were considered to be potentially at fault for  these cracks and defects.  127 