3.2  Property, Plant and Equipment  132. Botswana Fibre Networks (Proprietary) Limited 2.0 Accounts  2.1 Audit Opinion In the opinion of the auditors:  made when funds become available. As at 31 July 2018 the  BURS statement indicated that the Council did not owe interest  and/or penalties, however should these charges resurface the  Council would write to the Minister responsible for finance to ask  for a waiver as advised by BURS.  The auditors noted some fully depreciated assets that were still in  use and provided economic benefits to the Council, which was  in breach of International Accounting Standard 16 and International Accounting Standard 38 which require that assets  be periodically revalued to reflect their economic useful lives.  The following were the assets that were identified:  In response management stated that they intended to review  the useful lives of all the Council assets, and a tender for asset  valuation and useful lives had been floated and would be  completed within the ensuing financial year. The asset management policy would be reviewed to include a provision  for the review and revaluation of assets.  The financial statements of Botswana Fibre Networks (Proprietary)  Limited for the financial year ended 31 March 2018 were audited by  Messrs KPMG, Certified Auditors, who were appointed by the Board. The financial statements presented fairly, in all material respects,  the financial position of the Botswana Fibre Networks  (Proprietary) Limited as at 31 March 2018 and its financial  119  Category Asset Cost Computer Equipment  13 280 569  Office Equipment  7 345 180  Furniture anf fittings  2 674  Computer Software  1 485 352  BNEPS Licensing fee  2 355 300  BNEPS Website  380 225 