Section 22: Directors' duty to cause financial statement to be prepared

(1) The directors of a public enterprise shall cause to be prepared every year, in respect of the public enterprise, financial statements in accordance with the provisions of this Part of this Act.
(2) The financial statements required to be prepared under subsection (1) of this section shall include-
(a) a statement of the accounting policies of the public enterprise;
(b) the balance sheet as at the last day of the year;
(c) a profit and loss account or, in the case of a public enterprise not established for profit, the income arid expenditure account for the year;
(d) notes on the account;
(e) the auditor's report;
(f) the directors' report;
(g) a statement of the source and application of funds;
(h) a value-added statement for the year; and
(i) a five-year financial summary.