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Annual Financial Statements for the year ending 31 March 2019

The National Executive Committee (NEC) is required in terms of the Constitution of the Botswana Football Association to maintain adequate accounting records and is responsible for the content and integrity of the annual financial statements and related financial information included in this report. It is their responsibility to ensure that the annual financial statements present a true and fair view of the state of affairs of the Association as at 31 March 2019 and the results of its operations and cash flows for the period then ended, in conformity with International Financial Reporting Standards. The external auditors are engaged to express an independent opinion on the annual financial statements and their report is presented on pages 3 to 5.

The Annual Financial Statements are prepared in accordance with International Financial Reporting Standards and are based upon appropriate accounting policies consistently applied and supported by reasonable and prudent judgements and estimates.

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Registration of a company-Botswana Football League

Following various resolutions by the Botswana Football Association [BFA] -National Executive Committee to grant the elite league autonomy the move has since begun.

The Botswana Premier League also has always advocated for their autonomy and this comes at a time when the move for a commercial wing of the elite league is a must do.

Different football General Assemblies have also reiterated the need for the Botswana premier League to be independent from BFA.

The journey to make that a reality has begun with the help of different stakeholders. The FIFA professional department has been holding the BFA’s hand to achieve the desired goals.

BFA has since appointed a Transformation and Sponsorship Committee to implement the transformation of the elite league.

We are happy to announce that Botswana Football League (Pty) Ltd is registered with CIPA.

The company [Botswana Football league – BFL] will have all 16 premier league clubs as shareholders, and it will be a stand-alone company which will run their errands independently from the BFA. The BFL will only be a special member of the federation [BFA] as per FIFA standards and guidance.

The company will re-brand the elite league and make it a more viable property to entice partnerships that will see value in their investment by associating with this business entity.

A new dawn begins. The days of the premier league running as a society are over. These are exciting times and it can only be hoped that all stakeholders will be happy for this new beginning.

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