Namakwa Water's financial statements were prepared and audited by an independent auditor. It was evident from the auditor's audit queries that the stated income and debtors in the financial statements were incorrect. After the Board presented the necessary documentary proof, a new set of financial statements were issued on 21 April 2011. The financial statements will be presented to the Board on 24 May 2011, where after the annual report will be printed before it can be submitted to my Department.