Singapore legislation
Clause 34
Clause 34
Accounts
(1)
The Chief Financial Officer, appointed under section 13 of this Ordinance, shall be responsible for the keeping of proper accounts and other records in respect of the operations of the Board, and shall cause to be prepared a statement of accounts in respect of each year.
(2)
The accounts of the Board shall be kept and made up to the 31st day of December in each year.
(3)
Separate accounts shall be kept in respect of each of the water, gas and electricity undertakings of the Board showing —
(a)
its assets and its income and expenditure relating to the supply of electricity, gas and water; and
(b)
the transactions relating to any capital, depreciation, reserve or other fund which the Board may set up.