stating that they were unable to do so as the audit had not yet been  concluded, due to teething and post implementation challenges with  the recently installed Customs Management System.  Consequently, I have not been able to carry out the review of the  accounts of the Revenue Service for the financial year ended 31  March 2018, for the benefit of the National Assembly.  The financial statements presented fairly, in all material respects,  the financial position of Botswana University of Agriculture and  Natural Resources as at 31 March 2018, and of its financial  performance and cash flows for the year then ended, in accordance with International Financial Reporting Standards.  In the year under review, the University recorded a deficit of  P6.69 million (before gains on revaluation of bearer plant of P347 217), compared to a deficit of P8.30 million on the previous  year. Expenditure increased by 33% from P175.88 million in the  previous year to P234.75 million in the year under review while  income increased by 36% from P167.58 million in the previous  year to P228.06 million during the same period.  157. Botswana University of Agriculture and Natural Resources  The financial statements of Botswana University of Agriculture and  Natural Resources for the financial year ended 31 March 2018 were  audited by Messrs PricewaterhouseCoopers, Certified Auditors, who  were appointed by the Council in terms of Section 25 (1) of the  Botswana University of Agriculture and Natural Resources Act, (No 12 of  2015) 2.0 Accounts 2.1 Audit Opinion 2.2 Financial Results In the opinion of the auditors:  167 