Water Utilities Corporation faces a delay in financial disclosures due to system upgrades.
The corporation announced it will postpone the publication of its financial statements for the years ending 31 March 2024 and 31 March 2025. This delay is attributed to challenges with its legacy information systems, requiring additional time for data extraction and verification.
WUC Delays Financial Statements Publication
Water Utilities Corporation (WUC) has cited limitations of its legacy Enterprise Resource Planning (ERP) system as the reason for the delay. The upgrade process of this system has extended the audit preparation timeline beyond initial expectations. WUC is currently working closely with its external auditors to ensure the audit process is completed efficiently.
Despite the delay in financial disclosures, WUC has assured stakeholders that there has been no material impact on its operations. The corporation continues to conduct its business activities as usual, maintaining normal operations throughout this period.
Botswana: Key figures on financial statements delay
- Financial years ended 31 March 2024 and 31 March 2025
Context of the Delay
The delay in financial statements is primarily due to the constraints of the current ERP system, which is undergoing an upgrade. WUC has emphasized that the audit process is ongoing, with auditors actively collaborating with management to address the challenges posed by the legacy system.
Next Steps for WUC
- Complete the audit process as efficiently as possible.
- Finalize the upgrade of the legacy ERP system.
WUC’s financial disclosures are delayed, but operations remain unaffected.
