93Requirements for financial statements

#### 93 Requirements for financial statements 93 Requirements for financial statements > > (1) The financial statements are to be prepared on a cash or accrual basis and to comprise only the following matters— > > > > > (a) a statement of income and expenditure for the administrative fund, > > > > > (b) a statement of income and expenditure for the capital works fund, > > > > > (c) a statement of income and expenditure for any other fund kept by the owners corporation. > > > (2) The financial statement for an administrative fund or capital works fund must specify the following— > > > > > (a) the fund, and the reporting period, for which it is prepared, > > > > > (b) the balance carried forward in the fund from the previous period, > > > > > (c) the particulars and amount of each item of income of the fund received during the current period, > > > > > (d) the particulars and amount of each item of expenditure from the fund during the current period, > > > > > (e) the amount of the contribution to the fund determined for each person liable to make such a contribution, > > > > > (f) the balance outstanding for each such contribution, > > > > > (g) the cash in the fund at the end of the current period, > > > > > (h) the balance of the fund, > > > > > (i) in respect of each liability to contribute to the fund—any unpaid arrears and any balance outstanding, > > > > > (j) the extent to which, at the end of the current period, the fund is in debit or credit. > > > (3) The financial statements for any other fund must specify the following— > > > > > (a) the fund, and the reporting period, for which it is prepared, > > > > > (b) the balance carried forward in the fund from the previous period, > > > > > (c) the particulars and amount of each item of income of the fund received during the current period, > > > > > (d) the particulars and amount of each item of expenditure from the fund during the current period, > > > > > (e) the cash in the fund at the end of the current period, > > > > > (f) the balance of the fund, > > > > > (g) the extent to which, at the end of the current period, the fund is in debit or credit.