2019 Annual Report · 2020. 7. 7. · 2019 Annual Report For Safety and Quality Assurance. 2 ZABS...

Zambia Bureau Of Standards

Zambia Bureau of Standards - ZABSLechwe House Freedom Way - LusakaPlot 2287 Mal awi Road, Magwero

Central Chipata

www.zabs.org.zm [email protected] +260 211 231 385

2019 Annual Report

For Safety and Quality Assurance

2 ZABS Annual Report 2019

3ZABS Annual Report 2019

CONTENTS

Acronyms 4

Vision Statement 5

Mission Statement 5

Core Values 5

Our Mandate 5

ZABS Governance Structure 6

Management Team 7

The Year 2018 at a Glance 8

Exhibitions and Events 9

Year in Review 11

Permanent Secretary’s Report 12

Executive Director’s Report 14

Financial Statements 23

Report of the Board 25

Statement of Responsibilities for the Financial Statements 30

Report of the Independent Auditors 31

Report on Other Legal and Regulatory Requirements 34

Statement of Surplus or Deficit 36

Statement of Changes in Funds 37

Statement of Cash Flows 38

Statement of Financial Position 39

Summary of Significant Accounting Policies 40

Notes to the Financial Statements 48-58


AfCFTA African Continental Free Trade Area

ARSO African Organisation for Standardisation

AFSEC Africa Electrotechnical Standardisation Commission

ASTM American Society For Testing and Materials

CAPEX Capital Expenditure

CIDP Cashew Infrastructure Development Project

CSN Commonwealth Standards Network

EMS Environmental Management System

FSMS Food Safety Management System

GAP Good Agricultural Practices

ISO International Organisation for Standardisation

ICT Information and Communication Technology

LIMS Laboratory Information Management System

MCTI Ministry of Commerce Trade and Industry

NSS National Standards Strategy

MSMEs Micro, Small and Medium Enterprises

NQP National Quality Policy

OHSAS Occupational Health and Safety Management System

QMS Quality Management System

SADC Southern Africa Development Community

SMC Standards Management Committee

SADCAS Southern Africa Development Community Accreditation Service

SADCSTAN EXCO SADC Cooperation in Standardisation Executive Committee

SADCSTAN AGM SADC Cooperation in Standardisation Annual General Meeting

SQA Standardisation Quality Assurance

SQAM Standardisation Quality Assurance and Metrology

UNDP United Nations Development Programme

WTO World Trade Organisaton

ZABS Zambia Bureau of Standards

ZATP Zambia Agribusiness and Trade Project

ACRONYMS


The Zambia Bureau of Standards is a statutory body under the Ministry of Commerce, Trade and Industry established in 1982. It implements the Standards Act No. 4 of 2017 of the laws of Zambia which repealed CAP 416 of 1994. Under

CAP 416 of 1994 ZABS was responsible for the development of Standards, enforcement of Compulsory Standards, Testing, Certification and Metrology Services.

The Standard Act No. 4 of 2017 was as a result of the implementation of the National Quality Policy (NQP) which required the re-alignment of the National Quality Infrastructure. Under this new Act, ZABS is mandated to provide Standardisation and Quality Assurance of services through the setting of national standards and the provision of conformity assessment services which are voluntary services.

OUR MANDATE

CORE VALUES

The functions for the Bureau as provided in the Act among many others include:-

(a) Develop, publish, maintain or withdraw Zambian National Standards and related normative publications serving the standardization needs of Zambia;

(b) Provide inspection services, testing services and system and product certification;

(c) Provide a voluntary certification mark scheme for the assurance of product conformity to standards;

(d) Promote quality health and safety standards for commodities, products and services;

(e) Facilitate efficiency in industry and promote trade through standardization.

VISION A credible and proactive Institution in providing standardization and quality assurance services

ACCOUNTABILITYWe shall be

answerable to stakeholders for all our activities.

We will act visibly and justifiably to

promote participation and accountability with our clients and

stakeholders.

TRANSPARENCYSERVICE DELIVERY

We will strive to meet the diverse

needs of our clients with efficiency and

commitment.

TIMELINESSWe will strive to

be proactive in the provision of services and ensure that our clients are attended

to in a timely manner.

The under listed values derived from the acronym TASTE are essential in maintaining and supporting the vision and mission.

EXCELLENCEWe will always be

diligent, committed, efficient and

effective in the execution of our

duties, providing a service next to none.

MISSIONTo promote competitiveness of industry and quality culture

VISION, MISSION AND CORE VALUES


ZABS GOVERNANCE STRUCTURE

ZABS is responsible to the Ministry of Commerce Trade and Industry through its Board of Directors who provide policy direction to the Bureau

The following are the committees of the Board:

Technical Committee

Finance and Administration Committee

Audit Committee

The Zambia Bureau of Standards is managed by the Executive Director who is assisted by 2 Directors. The Directors head the Technical Services Department and the Finance and Corporate Services Department.

The following units fall under the director’s office;

Internal Audit

Procurement and Supplies

Director Finance and Corporate Services

Finance Manager

Training and Certification

Manager

Laboratories Manager

Standards Development

Manager

InternalAudit

Manager

Zambia Bureau of Standards

Ministry of Commerce, Trade and Industry

The Board

Executive Director

Director Technical Services

Marketing and Communication

Manager

Human Resource and Admin Manager

Head Procurement and Supplies


MANAGEMENT TEAM

Manuel MutaleExecutive Director

Margaret L. LunguDirector Technical Services

Nathan Sing’ambwaDirector Finance & Corporate Services

Andrew ChipongoLaboratories Manager

Belinda T. S KancheyaActing Standards Development Manager

Nteema Muzandu Training and Certification Manager

Alex Mubita Acting Finance Manager

Davies Silungwe Acting Human Resource and Administration Manager

Vincent Numbwa Internal Audit Manager


THE YEAR 2019 AT A GLANCE

Product Certification

Standards Published

2019 2018

2019 2018

Certified Product

ZS 723

91

538

60

440

Samples Analysed

Revenue Generated

2019 2018

2019 2018

6,667 6,538

ZMW 10,920,621.85

ZMW 12,578,127.50

S13.060.01

ZAMBIA BUREAU OF STANDARDS

ZS 554:2011 IC

PRESCRIBES THE REQUIREMENTS AND METHODS OF TEST FOR FRUIT FLAVOURED DRINKS.

ZS 554: 2011

Fruit Flavoured Drinks Specification


EXHIBITIONS AND EVENTS

ZABS Acting Executive Director Mrs. Margaret Lwenje Lungu with delegates from ARSO being given a tour of the Zambian Breweries Malting plant at the Lusaka South Multi

Facility Economic Zone

The new Certified Local Supplier logo after it was unveiled by the Permanent Secretary (MCTI) Mr. Mushuma

Mulenga (left) at the Pamodzi Hotel in Lusaka

Mukasa Agro solutions founder Royd Mukonda showing ZABS staff the feeding process for fingerlings during an SME identification exercise under the ZATP and CSN

projects.

Representatives from Fairy Bottling Ltd and COMACO displaying their SADC Quality awards during a hand over ceremony at the Ministry of Commerce Trade and Industry

ZABS Management conducting a tour of the Trade Kings Limited Plant

Testing of Food Samples in the MicrobiologyLaboratory


EXHIBITIONS AND EVENTS

Launch of the National Standards Strategy document at Radisson Blu Hotel in Lusaka by Ms. Chitulangoma from

the Ministry of Commerce Trade and Industry

Permanent Secretary in the Ministry of Commerce, Trade and Industry Mr. Mushuma Mulenga (3rd from right) and

other Senior officials touring the ZABS Testing Laboratories

Management conducting a tour of the Manzi Valley Water Plant in Lusaka

Industry visits are an important part of ZABS in order to understand the needs of our clients

Hon. Mutotwe Kafwaya (Minister of Transport and Communications who was representing the President of

Zambia as Guest of Honour) presenting the product of the year award to Zambian Breweries Director Quality Mrs.

Esther Mapenda during the ZAQA

A ZABS Officer explaining about the Testing services offered by the Bureau during the Agriculture and

Commercial Show


YEAR IN REVIEW

YEAR IN REVIEW


PERMANENT SECRETARY ’S REPORT

I am delighted to present the Annual Report for the Zambia Bureau of Standards for 2019. ZABS is one of the strategic institutions under my ministry as part of the National Quality Infrastructure, focused on supporting industry to implement standards that enhance the quality of products and services for industry growth and competitiveness. In 2019, ZABS scored some great achievements by developing programs that will support the growth and competitiveness of the industrial sectors of the economy. I will comment on three of these programs and highlight the Bureaus’ focus for 2020.

Development and Launch of the Certified Local

Supplier Scheme

The Government of the Republic of Zambia in 2009 formulated the Micro, Small and Medium Enterprises Development Policy (2009 – 2019), among others to address Micro, Small and Medium Enterprises (MSMEs) challenges. Some of the challenges identified such as insufficient human and financial resources to support and implement standards and limited knowledge of how to improve

processes, product quality, and product packaging have continued to impede the growth of MSME’s. To this effect, ZABS developed and launched a certified local supplier scheme aimed at addressing these challenges through the provision of mentorship, training, product testing and evaluation at entry level of certification. It is envisaged that the scheme will provide the much needed linkages that MSME’s need in order to thrive and enable them access more profitable markets.

Development and launch of the National Standards Strategy

ZABS with the valuable input of stakeholders around the country was able to identify key priority areas for standards development that are in sync with the needs of industry. These priority areas are given expression in the National Standards Strategy (NSS). The NSS calls for the development and implementation of relevant standards to support industry growth and competitiveness of

Zambian business while we look to fully participate and benefit from the African Continental Free Trade Area (AfCTFA). With this document in place, we will see a

total of four hundred and twenty (420) standards covering various sectors developed over a period of three years and we can be rest assured that more sectors of our economy will receive the necessary standards and quality assurance support that will enable them compete favorably with other goods and services locally and internationally.

Accreditation status of the testing laboratories

Maintaining accreditation status gives confidence of the credibility and quality of test results that are produced by a laboratory that adheres to internationally recognized standards. I am pleased to report that for the last four years, the ZABS testing laboratories have continued to maintain its accreditation status of the 56 parameters and 33 test methods. Government departments, regulators and the general public can continue to rely on the competence of the ZABS laboratories to provide analytical tests and results that are credible.

It is envisaged that the Bureau will begin to prepare the construction materials laboratory for accreditation which will add

“In 2019, ZABS scored some great achievements by developing programs that will support the growth and competitiveness of the industrial sectors of the economy.”


to the existing scopes that have been accredited.

Focus for 2020

Government reaffirms its commitment to support the

activities outlined by the Bureau for 2020 some of which include, to develop and publish 280 standards in line with the National Standards Strategy, commence

construction of the Copperbelt Regional Laboratory, attain the accreditation of the Certification services and to implement the Certified Local Supplier scheme for MSME’s.

My ministry is assured of the continued technical support from various cooperating partners such as the Commonwealth Standards Network (CSN) and the Zambia

Agribusiness and Trade Project (ZATP), in helping the Bureau attain operational and service excellence.

Mr. Mushuma Mulenga

Permanent Secretary - Ministry of Commerce, Trade and Industry

The Certified Local Supplier Logo for Small and Medium Sized Enterprises

Copies of the National Standards Strategy document


EXECUTIVE DIRECTOR’S REPORT

There has been an increase in the access of Standards and Conformity Assessment services by Industry as evidenced by the 6,667 samples that were received for testing compared to the 6,538 samples received in 2018, while 91 products were certified and awarded the ZABS mark of quality compared to 26 in 2018

The performance of ZABS in 2019 exemplifies the efforts that the institution is making towards supporting the growth of the various sectors of the economy. There has been an increase in the access of Standards and Conformity Assessment services by Industry There has been an increase in the access of Standards and Conformity Assessment services by Industry as evidenced by

the 6,667 samples that were received for testing compared to the 6,538 samples received in 2018, while 91 products were certified and awarded the ZABS mark of quality compared to 26 in 2018 With Government ratifying the African Continental Free Trade Agreement (AfCFTA), ZABS role will be to ensure that products and services remain competitive and internationally acceptable

therefore with the help of our co-operating partners, we pledge to continue aligning our services with international requirements so that industry is supported and trade is enhanced.

The report below details the performance of ZABS in line with our mandate and as directed by the Ministry of Commerce Trade and Industry.


Figure 1: Standards Published

Figure 2: Number of standards projects under development/harmonisation


The Zambia Bureau of Standards develops standards in various sectors including Food and Agriculture, Building and Construction, Information Communication Technology, Chemicals and Health, Electro technical, Mechanical, Engineering and Metallurgy,

Timber and Timber Products among others. Zambian standards are developed to support industry manufacture quality and safe products that can compete effectively on both the local and export markets. During the year under review a total of 985 standards projects advanced

through various stages of

standards development and

47 Technical Committee

meetings were held. During

the same period, 440

standards were published

compared to 538 and 627 in

2018 and 2017 respectively,

as illustrated in Figure 1.

Regional and International Standards Development Activities

ZABS participates in various Regional and International

standards development/ harmonization activities under different technical committees. During the period under review, ZABS

participated in a total of 202 international/regional standards development projects. The details are as shown in figure 2.

Numb

er of

Stand

ards P

ublish

ed

0

100

200

300

400

500

600

700

2017 2018 2019

600 600

280

627 538

440

Annual Ta r get Ac t ual per f or ma nc e


19

112

4

51

16

202

19

56

3

51

15

144

0

50

100

150

200

250

AFS E C ARS O I EC I SO S ADCST AN T ot a l

Regional and International Standards Organization

2019 2018

International and Regional Standardization Activities


0

2

4

6

8

10

12

14

16

18

Numb

er o

f T r

aini

n g S

essi

ons

T y pe of t r a i ni ng

2018 2019

Training to Industry

Training and Certification Services Training to Industry

A total of 32 trainings out of a target of 50 were conducted in 2019. The training to industry was based largely on ISO 9001 (Quality Management Systems), ISO 14001 (Environmental Management Systems), ISO 22000, Food Safety Management System and ISO 45001 (Occupational Health and Safety Management System) Good Aquaculture Practices (GAP), Good Agriculture Practices and Good Manufacturing Practices (GMP). The details are as shown in figure 4.

ZABS also hosts the Secretariat for the Southern Africa Development Community Cooperation in Standardization (SADCSTAN), a structure responsible for coordination

of harmonization of standards in the SADC region. Under the SADCSTAN Secretariat related activities, ZABS held seventeen (17) administrative (including Standards Management Committee,

Executive Committee, the Annual General Meeting and Secretariat related) and twelve (12) technical (including training) meetings during the period under review as illustrated in figure 3.

Figure 3: SADCSTAN Secretariat related activities

1

3

1

12

1

11

2 2 1

8

1 2

0

2

4

6

8

10

12

14

SMC EXCO AGM Secretariat Training toNSBs

Technical

Num

ber o

f Mee

tings

T i t l e of M ee t ing

2019 2018

SADCSTAN Meetings

Figure 4: Training to Industry


05

101520253035404550

Numb

er o

f P r

oduc

ts C

erti

fied

T y pe s of Pr oduc t s

2018 2019

Certified Products 2018 vs 2019

Figure 5: Certified Products 2018 vs 2019

The Staff from Zambia Meteorological Department pose for a photo after an ISO 9001 Training

Product Certification

A total of 91 new products were certified in 2019 out of a target of 100 compared to 26 products that were certified in 2018 out of a target of 10. The product certification scheme currently has more than 70 companies.

Management Systems Certification

During 2019, initial certification, surveillance and re-certification audits were conducted for a number of companies. The audits conducted were based on the following standards: ISO 9001 (Quality Management Systems), ISO 14001 (Environmental Management Systems), ISO 22000, Food safety Management System and ISO 450001 (Occupational Health and Safety Management System) The Bureau also awarded certificates of recognition to the following companies: Crossways, Afro-Egypt and Gols Freight in ISO 9001:2018 and Hitachi in ISO 45000:2018. The details are as in figure 5 above.


Distribution of Samples during the year under Review

185.02 370.04 555.06 740.08 925.1

682Fruit Flavoured Drinks

841Water

444Buscuits

297Soaps/Detergents

Peanut Butter 150

Cooking Oil 164

235Clear/Opaque Beer

Stock Feed 143

172Hygiene Swabs

Fertilizers 38

168Margarin/Jams/Mamarlade

137Condoms/Gloves(Batches)

235Packaging Materials/Textiles

460Petroleum Products

108Paints/Vanishes

339Maize Meal

Flour 95

753Misc Food Stuffs

Chemicals 222

340Electrical Products

647Msc Products

Figure 6: Distribution of Samples during the year under Review

Testing Laboratories

The Laboratory tested a total of 6,667 samples during the year 2019. The workload was 1.93% higher than the 6538 samples tested in 2018 was recorded at 8 days on average. Customer satisfaction rating for the quality of service provided by the Laboratory continued to be positive and averaged 98%.

During the year under review, ZABS Testing Laboratories tested water samples, fruit flavoured drinks, biscuits, soaps/detergents, jams/margarines/marmalades, number plates, cooking oils, peanut butter, clear/opaque beers, stock feeds, fertilizers, hygiene swabs, condoms/gloves, packaging materials/textiles, petroleum products, paints/varnishes, maize meal, flour, pesticides/chemicals, electrical products and miscellaneous products.

The figures 5 and 6 below show the distribution of the products tested for the year 2019 and the volumes of samples tested from 2015 to 2019 respectively.


During the period under review, the budgeted grant was ZMW 26.55 million out of which ZMW 26.55 million was received as appropriation in Aid from Government. The total expenditure amounted to ZMW 33.29 million. The overall deficit recorded during the period under review was ZMW 1.95 million Management has

INCOME AND EXPENDITUREcontinued to apply strict expenditure controls in line with Government directives. The actual internally generated revenue amounted to ZMW 12.57 million which was higher than the budget of ZMW 11.08 million. The income generated was also higher than the income of ZMW 10.92 million generated in 2018.

Testing ZMW 8,746,474.81

Standards ZMW 260,619.13,

2%

CertificationZMW 3,571,033.56

Revenue Generated Per Section

Testing Standards Certification

28%

70%

Figure 8: Revenue Contribution per section

2,000 4,000NO. OF SAMPLES 6,000 8,000 10,000 12,000 14,000

6,0512015

8,9302016

14,3582017

6,5382018

6,6672019

Years

Number of Samples Tested 2015 to 2019

Figure 7: Number of samples tested 2015 to 2019


ZABS Staff marching during Labour Day celebrations

HUMAN RESOURCE AND ADMINISTRATION

ZABS has placed Human Resource (HR) at the centre of its operations to drive the strategic objectives of the organization. Employees play a critical role in the attainment of ZABS’ vision, delivering the strategy and living the core values. A vital part of this journey is to focus on aligning individual and organizational priorities by developing passionate, enabled and engaged people. In order to foster such a drive, the organization partnered with several international and local organizations to provide specialized training in the areas of Standardisation, Certification and Quality Assurance.

During the period under review, the Bureau’s Staff Establishment reduced from 75 staff in 2018 to 69 staff in 2019 owing to staff turnover. Employee wage rates across ZABS comply with legislated wage rates. Where applicable,

employees are paid in accordance with rates agreed on with the Union. Salaries are benchmarked against industry standards to ensure that employees are offered competitive remuneration packages that promote retention objectives.

As the ZABS continues to deliver on its mandate, the HR function is evolving with the business to provide more integrated and relevant solutions. In particular, the HR function focused on enhancing human capital through skilled and motivated staff, improved staff performance, improved service provision and improved organizational culture.

Manuel MutaleExecutive Director


Management and Staff after a staff meeting and team building activity at Government Complex

Executive Director Mr. Manuel Mutale with Shoprite General Manager Mr. Charles Botha discussing the local supplier scheme


Energy Efficient bulbs being Manufactured by SAVENDA Limited in Lusaka a company that is certified under the ZABS product certification scheme

ARSO Vice President Mrs. Masego Marobela with Secretary General Dr. Nsengimana during the ARSO Council Meeting which ZABS hosted at Mulungushi International Conference Centre in Lusaka


YEAR IN REVIEW

FINANCIAL STATEMENTSFOR THE YEAR ENDED 31ST DECEMBER 2019


ZAMBIA BUREAU OF STANDARDS(ESTABLISHED UNDER STANDARDS ACT CAP 416 AS AMENDED BY ACT NO 4 OF 2017)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st DECEMBER 2019

ZAMBIA BUREAU OF STANDARDS(ESTABLISHED UNDER STANDARDS ACT NO. 4 OF 2017)

ANNUAL REPORT AND FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2019


Report of the BoardAmounts in Zambian Kwacha

The Board of the Zambia Bureau of Standards submits its report together with the financial statements for the Zambia Bureau of Standards for the year ended 31st December 2019.

1. Background

The Zambia Bureau of Standards is a statutory body under the Ministry of Commerce, Trade and Industry. It implements the Standards Act No. 4 of 2017 of the laws of Zambia and was established by an Act of Parliament in 1982 which was repealed by CAP 416 of 1994. Prior to 1st January 2018, ZABS operated under CAP 416 which mandated the Bureau to produce Standards, Enforce the Compulsory Standards, Test Products and offer Metrology Services to Industry. The implementation of the National Quality Policy (“NQP”) which required re-aligning of the National Quality Infrastructure saw the birth of three new institutions namely Zambia Compulsory Standards Agency (“ZCSA”), Zambia Metrology Agency (“ZMA”) and Zambia Bureau of Standards (“ZABS”) itself through the enactments of various Acts.

2. Principal Activity

The principal activity of the Bureau is to promote and require the adoption of standards in industry and commerce. Its registered office is on Stand No. 4526, Lechwe House, Freedom Way, South End, in Lusaka.

3. Activities and Services

The functions of the Bureau are to:

(a) Develop, publish, maintain or withdraw Zambian National Standards and related normative publications serving the standardisation needs of Zambia;

(b) Administer and maintain standards and ensure conformity with standards;

(c). Provide inspection services, testing services and system and product certification;

(d) Provide a voluntary certification mark scheme for the assurance of product conformity to standards;

(e) Promote quality health and safety standards for commodities, products and services;

(f) Facilitate efficiency in industry and promote trade through standardisation;

(g) Facilitate training in, and provide public education on, standards and quality assurance;

(h) Render conformity assessment and related services;

(i) Participate and represent Zambia in international, regional and foreign bodies with functions similar to the functions of the Bureau;

(j) Manage and coordinate the multilateral or bilateral interactions with national standards bodies from other countries;

(k) Provide information services to the public on standards and distribute Zambian National Standards and similar publications from international and regional bodies;

(l) Provide information for the protection of the consumers on products and services which do not comply with this Act;




(m) Cooperate with State institutions and international organisations in ensuring conformity with standards;

(n) Operate as the National Enquiry Point, in consultation with the relevant Ministries; and

(o) Provide for a research and development programme for new standards, improvement of existing standards, standardisation of test methodology and the articulation of future needs that might affect the standards environment.

4. Capital and Resources

The Bureau has no subscription capital; its capital resources comprises of accumulated funds and unamortised deferred credits relating to capital and deferred revenue grants.

5. Financial and Operational Highlights

(a) Operating Results

The operating deficit for the year ended 31st December 2019 amounted to ZMW2.215million (2018: Restated: ZMW4.634 million).

(b) Income

Total incoming resources for the year amounted to ZMW31.072million (2018:-Restated: ZMW29.12million).

(c) Expenditure

- Expenditure totalled ZMW33.288million (2018: Restated: ZMW34.146million).

- The main operating costs were amortisation and depreciation costs ZMW2.701million (2018:- ZMW2.499million)), costs of personnel (ZMW22.800Million (2018:- ZMW22.231million) and recurrent expenditures (ZMW6.618million (2018:-Restated: ZMW8.778million).

(d) Capital Expenditure

Capital expenditure amounted to ZMW1.341million (2018:- ZMW0.858million).

6. Risk Factors

The Bureau faces a number of operational, legal and financial risks in its operations:

(a) Operational Risk

Operational risk is the risk of losses from inadequate or failed internal processes and systems, caused by human error or external events. It has a broad scope and includes transaction authorisation and processing; completeness of income recording; payments processing and the management of information, data quality and records. The following are the main risks noted under this classification:

(i) Financial Crime Risk - Financial crime risk is the risk that the Bureau suffers losses as a result of internal and external fraud or intentional damage, loss or harm to people, premises or its moveable assets.




(ii) Technology Risk - Technology is a key business enabler in ZABS and requires an appropriate level of control to ensure that the most significant technology risks are effectively managed. Such risks include the non-availability of testing and calibration systems, inadequate design and testing of new and changed solutions and inadequate system security.

(iii) People Risk - People risk arises from failures of the Bureau to manage its key risks as an employer, including lack of appropriate people resource, failure to manage performance and reward, unauthorised or inappropriate employee activity and failure to comply with employment related requirements.

(b) Legal Risk

ZABS is subject to a comprehensive range of legal obligations, mostly covered by the Standards Act No. 4 of 2017. As a result, it is exposed to many forms of legal risk, which may arise in a number of ways: its business may not be conducted in accordance with requirements of the Act; contractual obligations may either not be enforceable as intended or may be enforced against the Bureau in an adverse way; the Bureau may face risk where legal proceedings are brought against it, in the course of carrying out its mandate, etc. Regardless of whether such claims have merit, the outcome of legal proceedings is inherently uncertain and could result in financial loss. Defending legal proceedings can be expensive and time-consuming and there is no guarantee that all costs incurred will be recovered, even if the Bureau is successful.

(c) Reporting Risk

(i). Financial Reporting Risk

Financial reporting risk arises from a failure or inability to comply fully with regulations or codes in relation to the preparation, presentation or disclosure of financial information. Non-compliance could lead to damage to reputation or, in extreme cases, withdrawal of external funding.

(ii) Accounting Risks

The Bureau’s future performance and results could be materially different from expected results depending on the outcome of certain potential risks and uncertainties, details of which are discussed above. The reported results of the Bureau are also sensitive to the accounting policies, assumptions and estimates that underlie the preparation of its financial statements. Details of its critical accounting policies and key sources of accounting judgments are included on pages 40 to 47.

(iii) Financial Risks

ZABS through its normal operations is exposed to a number of risks on its financial instruments, the most significant of which are credit and liquidity. Market (currency and interest) risks are generally low. The two main risks on its financial instruments are generally deemed to be within manageable limits. The Bureau’s financial risk exposures are discussed on pages 53 to 54 in Note 12 to the financial statements.

7. Risk Management and Control

As explained on Statement 6 above, the Bureau through its normal operations is exposed to a number of risks, the most significant of which are operational, legal and financial risks. The Board is responsible for establishing and ensuring maintenance of adequate internal controls over financial reporting.




However, all internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.

8. The Board

(a) Composition

The operations of the Bureau are governed by Board Members. The membership of this Board of the Bureau is as provided for in Section 6(I) of the Standards Act.

(b) Members

During the period 1st January 2019 to 31st December 2019, the Minister had not yet appointed a Board, since realignment of the operations of the Bureau, effective 1st January 2018.

9. Executive Management

The following form part of the executive management responsible for administration of the Bureau:

Name PositionManuel Mutale

Margaret Lungu

Executive Director

Director – Technical Services Nathan Sing’ambwa Director -Finance & Corporate Services

Alex Mubita Acting Finance Manager

Davis Silungwe Acting Human Resources and Administration Manager

Andrew Chipongo Laboratories Manager

Nteema Muzandu Training and Certification Manager

Dingiswayo Shawa Standards Development Manager( Resigned on 04.10.2019)

Belinda Kancheya

Vincent Numbwa

Acting Standards Development Manager( Appointed on 05.11.2019)

Internal Audit Manager

10. Pension Scheme

The Bureau also has a pension scheme for all permanent and pensionable staff. It is duly registered with the Ministry of Lands, the Pensions and Insurance Authority and the Zambia Revenue Authority. It is a defined contribution retirement benefit plan for all qualifying employees, with minimum contributions being 5% of employee compensation, in 1:2 split between the member and the employer. The Scheme is administered by a separate board of trustees.

11. Related Party Transactions

The Bureau has a common enterprise relationship with Government of the Republic of Zambia (“GRZ”) and its departments. Other related party relationships and material balances that the Bureau has with its related parties are listed in Note 13 to the financial statements.

12. Events Subsequent to the Reporting Period

There have been no significant events between the year-end and the date of approval of these financial




statements.

13. Auditors

EMM Corporate Partners

On behalf of the Bureau:

_________________________ ______________________Executive Director Date

24 / 03 / 2020




Statement of Responsibilities for the Financial StatementsThe following statement, which should be read in conjunction with the Auditors’ report on page 31, is made with a view to distinguishing the respective responsibilities of the Board and of the Auditors in relation to the financial statements for the year to 31st December 2019.

Statement of Responsibility for Financial Statements

In conformity with International Financial Reporting Standards (“IFRSs”), the Board is required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Bureau and of the operating result for that year. IFRSs provide, in relation to such accounts, that references to accounts giving a true and fair view are references to fair presentation. The Board considers that, in preparing the financial statements on pages 36 to 39, and the additional information contained on pages 40 to 58, the Bureau has used appropriate accounting policies, supported by reasonable judgements and estimates, and all accounting standards which it considers to be applicable.

The Board has responsibility for ensuring that the Bureau keeps accounting records which disclose with reasonable accuracy the financial position of the Bureau and which enable it to ensure that the financial statements comply with generally accepted reporting standards. The Board has general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Bureau and to prevent and detect fraud and other irregularities. The Board accepts responsibility for the annual financial statements, which have been prepared using appropriate accounting policies supported by reasonable estimates, in conformity with IFRSs. In preparing such financial statements, the Board is required to: select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; state whether the applicable accounting standards have been followed; and comply with IFRSs.

In the opinion of the Board:

1. The statement of comprehensive income is drawn up so as to give a true and fair view of the results of the Bureau for the year ended 31st December 2019;

2. Based on current records that it holds:

(a) The statement of financial position is drawn up so as to give a true and fair view of the state of affairs of the Bureau as at 31st December 2019; and

(b) There are reasonable grounds to believe that the Bureau will be able to pay its debts as and when they fall due.

Because there was no Board during the year, the financial statements set out on pages 36 to 39 were approved on _______________ and signed by:

_______________________ _____________________Permanent Secretary Executive Director


Report of the Independent AuditorsTo the Minister of Commerce, Trade and IndustryOpinion on Financial Statements

We have audited the financial statements of the Zambia Bureau of Standards (“the Bureau”), which comprise the statement of financial position as at 31st December 2019, the statement of surplus and deficit, statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is Standards Act No 4 of 2017 and International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Zambia Bureau of Standards as at 31st December 2019, and its financial performance and their cash flows for the year then ended.

Separate Opinion in relation to IFRS as issued by the IASB

The Bureau has prepared Financial Statements that comply with IFRS as issued by the IASB. In our opinion, the Financial Statements comply with IFRS as issued by the IASB.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (“ISAs”). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the entity within the meaning of relevant ethical requirements in accordance with the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (“IESBA Code”) and have fulfilled our other responsibilities under those ethical requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements. Key audit matters are selected from the matters communicated with those charged with governance, but are not intended to represent all matters that were discussed with them. Our audit procedures relating to these matters were designed in the context of our audit of the financial statements as a whole. Our opinion on the financial statements is not modified with respect to any of the key audit matters described below, and we do not express an opinion on these individual matters.

EMM Corporate Partners Chartered Accountants and Management Consultants

A MEMBER OF CPAAI -MGI WORLDWIDE CPA Associates International (CPAAI) is a worldwide association of accounting and consulting firms with its head office in New York, USA. EMM is a member of the Europe, Middle East and Africa region of CPAAI. In January 2020, CPAAI merged with MGI Worldwide to create a major, bigger and better international accounting association.

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1. Accounting for Statutory Fees

With effect from 1st January 2014, all statutory fees collected by the Bureau became Government Revenue. This resulted in the Bureau becoming an Agent for collecting Government Revenue and depositing into Government Collection Accounts. Therefore, the Bureau became 100% Grant-aided from 2014 onwards. Consequently, Fees and Fines paid by customers or clients of the Bureau are not accounted for as revenue, but paid directly to Government. As a result, these are excluded from results as they do not pass through the Bureau’s accounting system. Consequently, our audit procedures did not include testing management’s assertions and controls related to collection and accounting of the fees.

2. Restatement on Accounting for Government Grants

In line with IAS 20, grants are not recognised until there is reasonable assurance that the Bureau will comply with the conditions attaching to them and that the grants will be received. Grants are recognised as deferred revenue over the periods necessary to match them with the costs for which they are intended to compensate, on a systematic basis. Our audit procedures also included, among others, testing management’s controls related to the classification of and disclosure of grants and confirming that management had determined it was not necessary to make any adjustments to the reported amount to reflect the assumptions that similar entities would use in similar circumstances. In line with guidance provided by the Permanent Secretary to the auditors at the end of the last audit cycle, who guided that all receivable government grants should not be recognised as receivables due to government austerity measures, all prior year grants not received from government were treated as irrecoverable and de-recognised from the financial statements of the Bureau as at the latest reporting period. As the receivables were irrecoverable and not an accounting estimate, prior year financial statements were restated up to the latest comparative reporting period of 2017. This is because the general principle in IAS 8 – Change in Accounting Policies, Errors and Estimates is that an entity must disclose all material prior period errors in the first set of financial statements authorised for issue after their discovery by (a) disclosing the comparative amounts for the prior period(s) presented in which the error occurred; or (b) if the error occurred before the earliest prior period presented, disclosing the correct opening balances of assets, liabilities and equity for the earliest prior period presented. However, if it is impracticable to determine the period-specific effects of an error on comparative information for one or more prior periods presented, the entity must restate the opening balances of assets, liabilities, and equity for the earliest period for which retrospective restatement is practicable (which may be the current period). Further, if it is impracticable to determine the cumulative effect, at the beginning of the current period, of an error on all prior periods, the entity must disclose the comparative information to correct the error prospectively from the earliest date practicable.

Going Concern

The financial statements of the Bureau have been prepared using the going concern basis of accounting. The use of this basis of accounting is appropriate unless the Board either intends to liquidate the Bureau or to cease operations, or has no realistic alternative but to do so. As part of our audit of the financial statements, we have concluded that the Board’s use of the going concern basis of accounting in the preparation of the Bureau’s financial statements is appropriate.

The Board has not identified a material uncertainty that may cast significant doubt on the Bureau’s ability to continue as a going concern, and accordingly none is disclosed in the financial statements of the Bureau. Based on our audit of the financial statements of the Bureau, we also have not identified such a material uncertainty. However, neither the Board nor the auditor can guarantee the Bureau’s ability to continue as a going concern.


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Responsibilities of Management and Those Charged With Governance for the Financial Statements

The Board is responsible for the preparation and fair presentation of these financial statements in accordance with IFRSs, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. The Board is responsible for overseeing the Bureau’s financial reporting process. This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

Auditor’s Responsibilities for the Audit of the Financial Statements

The objectives of our audit are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional scepticism throughout the planning and performance of the audit. We also:

1. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

2. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Bureau’s internal control.

3. Conclude on the appropriateness of the Board’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Bureau’s ability to continue as a going concern. If we conclude that a material uncertainty exists, then we are required to draw attention in our auditors’ report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Bureau to cease to continue as a going concern.

4. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board.

5. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

6. Obtain sufficient appropriate audit evidence regarding the financial information of the entities and business activities within the Bureau to express an opinion on the financial statements. We are responsible for the


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direction, supervision and performance of the Bureau audit. We remain solely responsible for our audit opinion.

7. We are required to communicate with the Board regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

8. We are also required to provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Report on Other Legal and Regulatory Requirements

In carrying out our audit we are required to consider whether the Bureau has kept the accounting and other records, and has issued all reports in such form and manner as required by the Standards Act, No. 4 of 2017. We confirm that, in our opinion, the Bureau has complied with the record-keeping and reporting requirements, so far as appears from our examination of those records and reports.

We draw attention to the fact that the Bureau had no Board for 2019. This was not in compliance with Section 6(1) of the Standards Act, No. 4 of 2017 which requires that there is constituted a Board for the Bureau appointed by the Minister. The Matter remained unresolved as at the date of issue of this report.

Other Information

The Board and the Executive Director are responsible for the other information. The other information comprises information included in the annual report, other than the parts of the Directors’ Report described in this set of financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinion on Other Matters

In our opinion:

1. The parts of the Financial Report to be audited have been properly prepared in accordance with Minister directions made under the Standards Act, No. 4 of 2017);

2. In the light of the knowledge and understanding of the Authority and its environment obtained in the course of the audit, we have not identified any material misstatements in the financial statements; and

3. The information given in the reports prepared for the financial year for which the financial statements are prepared is consistent with the financial statements.


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Matters on which we Report by Exception

Other than the matters raised in the letter of recommendations, and cited in this report where necessary for the attention of those charged with governance, we have nothing to report in respect of the following matters which we report to you if, in our opinion:

1. Adequate accounting records have not been kept or adequate for our audit; or

2. The financial statements and the parts of the annual report to be audited are not in agreement with the accounting records and returns; or

3. We have not received all of the information and explanations we require for our audit; or

4. The Financial Statement does not reflect compliance with guidance.

The engagement partner responsible for the audit resulting in this independent auditor’s report is:

Elasto MamboPC/MPC: 000704

EMM CORPORATE PARTNERS

__________________________________Chartered Accountants and Management Consultants Date: 23/ 03 / 2020


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Statement of Surplus or DeficitAmounts in Zambian Kwacha

Notes 2019 2018

INCOMING RESOURCES

Appropriation in aid 1. 26,550,000 24,925,579

Capital Grant Released 9. 272,632 158,416

Other Income 2. 4,249,561 4,428,103

Total Incoming Resources 31,072,193 29,512,098

RESOURCES EXPENDED

Costs of Certifications & Testings 3. 783,516 590,835

Costs of Income Generating Activities 4. 385,984 45,811

Costs of Personnel 5. 22,799,580 22,231,253

Amortisation 6. 152,998 218,835

Depreciation 6. 2,548,263 2,280,605

Recurrent Expenditure 6,617,799 8,778,703

33,288,140 34,146,043

Deficit from continuing operations (2,215,947) (4,633,945)

OTHER COMPREHENSIVE INCOME

Amortisation of Revaluation Serve 268,508 268,508

Comprehensive Deficit (1,947,439) (4,365,437)




Statement of Changes in FundsAmounts in Zambian Kwacha

Revenue Revaluation Reserves Reserves Total

At 1 January 2018 (616,693) 12,619,870 12,003,177

Comprehensive Income:

Net Deficit (4,633,945) - (4,633,945)

Amortisation of Revaluation Reserve 268,508 (268,508) -

At 31 December 2018 (4,982,130) 12,351,362 7,369,232

At 1 January 2019 (4,982,130) 12,351,362 7,369,232

Comprehensive Income:

Net Deficit (2,215,947) - (2,215,947)

Amortisation of Revaluation Reserve 268,508 (268,508) -

At 31 December 2019 (6,929,569) 12,082,854 5,153,285




Statement of Cash FlowsAmounts in Zambian Kwacha

Notes 2019 2018

CASH FLOW FROM OPERATING ACTIVITIES

Deficit for the year (2,215,947) (4,633,945)

Depreciation 6. 2,548,263 2,280,605

Amortization 6. 152,998 218,835

Deferred Income Amortisation (2,354,702) (1,051,788)

Capital Grant Released 9. (272,632) (158,416)

Interest Received (2,250) (7,798)

Loss on Disposal of Tangible Assets - 2,729,086

Decrease/(Increase) in Sundry Receivables 2,135,061 (1,885,677)

Increase in Accounts Payables 3,049,505 1,775,050

Cash Outflow from Operating Activities 3,040,295 (734,048)

Interest Income 2,250 7,798

INVESTING ACTIVITIES

Deferred Income Received 9. 1,036,336 6,032,843

Adjustment to Fixed Assets (75,589) -

Acquisition of Fixed assets 6. (1,340,849) (858,086)

Cash Outflow on Investing Activities (380,102) 5,174,757

FINANCING ACTIVITIES

Cash Inflow on Financing - -

Increase (Decrease) in Cash Equivalents 2,662,444 4,448,508

Cash and Cash Equivalent at start of year 5,436,484 987,976

Cash and Cash Equivalent at end of year 8,098,927 5,436,484

Represented by:

Cash and Cash Equivalents 8. 8,098,927 5,436,484

8,098,927 5,436,484




Statement of Financial PositionAmounts in Zambian Kwacha

Notes 2019 2018 2017

Restated Restated

ASSETSNon Current AssetsProperty, Plant and Equipment 6. 18,186,053 19,470,874 23,841,313

Current AssetsOther Receivables 7. 336,896 2,471,959 586,283

Cash and Equivalents 8. 8,098,927 5,436,484 987,976

8,435,823 7,908,443 1,574,258

Total Assets 26,621,876 27,379,316 25,415,572

FUNDS AND LIABILITIESFundsRevenue Reserves (6,929,569) (4,982,130) (616,693)

Revaluation Reserves 12,082,854 12,351,362 12,619,870

Income Funds 5,153,285 7,369,232 12,003,177

Non-Current Liabilities Capital Grants/Deferred Income 9. 3,577,645 5,168,643 346,004

3,577,645 5,168,643 346,004

Current LiabilitiesPayables, Accruals & Provisions 10. 15,757,448 11,642,961 8,905,642

Employee Benefits 11. 2,133,497 3,198,479 4,160,749

17,890,945 14,841,440 13,066,391

Total Funds and Liabilities 26,621,876 27,379,316 25,415,572

The financial statements set out on pages 36 to 39 were approved on _______________and signed on its behalf by:

Permanent Secretary: _______________ Executive Director: _____________




Summary of Significant Accounting Policies The basis of preparation and accounting policies used in preparing the financial statements for the year ended 31st December 2019 are set out below:

1. Basis of Preparation

The financial statements for the year ended 31st December 2019 are prepared on a going concern basis and in accordance with International Financial Reporting Standards issued by the International Accounting Standards Board (“IASB”) and interpretations issued by the International Financial Reporting Interpretations Committee (“IFRIC”) of the IASB.

The financial statements comprise a statement of surplus or deficit, a statement of comprehensive income, a statement of financial position, a statement of changes in equity, a statement of cash flows, and notes. Income and expenses, excluding the components of other comprehensive income, are recognised in the statement of surplus or deficit. Other comprehensive income is recognised in the statement of comprehensive income and comprises items of income and expense s (including reclassification adjustments) that are not recognised in the statement of surplus or deficit, as required or permitted by IFRS. Reclassification adjustments are amounts reclassified to surplus or deficit in the current period that were recognised in other comprehensive income in the current or previous periods. Transactions with the owners of the Bureau in their capacity as owners are recognised in the statement of changes in equity.

The Bureau presents the statement of surplus or deficit using the classification by function of expenses. The Bureau believes this method provides more useful information to the users of its financial statements as it better reflects the way operations are run from a business point of view. The statement of financial position format is based on a current/non-current distinction.

2. Measurement Basis

The financial statements have been prepared under the historical cost convention, unless mentioned otherwise in the accounting policies below (e.g. certain financial instruments that are measured at fair value). Historical cost is generally based on the fair value of the consideration given in exchange for assets. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When measuring the fair value of an asset or a liability, the Bureau uses market observable data to the extent possible. If the fair value of an asset or a liability is not directly observable, it is estimated by the Bureau (working closely with external qualified valuers) using valuation techniques that maximise the use of relevant observable inputs and minimise the use of unobservable inputs (e.g. by use of the market comparable approach that reflects recent transaction prices for similar items, discounted cash flow analysis, or option pricing models refined to reflect the issuer’s specific circumstances). Inputs used are consistent with the characteristics of the asset/liability that market participants would take into account.

Fair values are categorised into different levels in a fair value hierarchy based on the degree to which the inputs to the measurement are observable and the significance of the inputs to the fair value measurement in its entirety: Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and Level 3 fair value measurements are those derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs). Transfers between levels of the fair value hierarchy are recognised by the Bureau at the end of the reporting period during which the change occurred.




3. Statement of Compliance

As explained above, the financial statements have been prepared in accordance with International Financial Reporting Standards applicable for the reporting period to 31st December 2019.

4. Adoption of New and Revised International Financial Reporting Standards (“IFRSs”)

(a). Application of new IFRS requirements

Impact of initial application of IFRS 16 Leases

In the current year, the Bureau has applied IFRS 16 (as issued by the IASB in January 2016) that is effective for annual periods that begin on or after 1 January 2019.

(b). Amendments to existing Standards

In the current year, the Bureau has applied a number of amendments to IFRS Standards and Interpretations issued by the IASB that are effective for an annual period that begins on or after 1 January 2019. Their adoption has not had any material impact on the disclosures or on the amounts reported in these financial statements.

(i) Amendments to IFRS 9 Prepayment Features with Negative Compensation

(ii) Amendments to IAS 28 Long-term Interests in Associates and Joint Ventures

(iii) Annual Improvements to IFRS Standards 2015–2017 Cycle

The Bureau has adopted the amendments included in the Annual Improvements to IFRS Standards 2015–2017 Cycle for the first time in the current year. The Annual Improvements include amendments to four Standards:

o IAS 12 Income Taxes.

o IAS 23 Borrowing Costs

o IFRS 3 Business Combinations

o IFRS 11 Joint Arrangements

o Amendments to IAS 19 Employee Benefits Plan , Amendment, Curtailment or Settlement

o IFRIC 23 Uncertainty over Income Tax Treatments

(c). New IFRS requirements and Interpretations in issue but not yet effective

At the date of authorisation of these financial statements, the Bureau has not applied the following new and revised IFRS Standards that have been issued but are not yet effective [and [in some cases] had not yet been adopted by:

Entities are required to disclose in their financial statements the potential impact of new and revised IFRS Standards that have been issued but are not yet effective.

The Bureau does not expect that the adoption of the following Standards listed below will have a material impact on the financial statements of the Bureau in future periods:




- IFRS 17 Insurance Contracts

- IFRS 10 and IAS 28 (amendments) Sale or Contribution of Assets between an Investor and its Associate or Joint Venture

- Amendments to IFRS 3 Definition of a Business

- Amendments to IAS 1 and IAS 8 Definition of Material

- Amendments to References to the Conceptual Framework in IFRS Standards

There are no other IFRSs or IFRIC interpretations that are not yet effective and that would be expected to have a material impact on the Bureau in the current or future reporting periods and on foreseeable future transactions.

5. Foreign Currencies

In preparing the financial statements, transactions in foreign currencies are recognised at the rates of exchange prevailing at the dates of the transactions. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing at the date when the fair value was determined. Exchange differences are recognised in profit or loss in the period in which they arise.

6. Property, Plant and Equipment

(a) Cost and Valuation

Property, plant and equipment, are stated in the statement of financial position at their revalued amounts, being the fair value at the date of revaluation, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Any revaluation increase arising on revaluation of property is recognised in other comprehensive income, except to the extent that it reverses a revaluation decrease for the same asset previously recognised in income, in which case the increase is credited to income to the extent of the decrease previously expensed. A decrease in the carrying amount arising on the revaluation of such property is recognised in income to the extent that it exceeds the balance, if any, held in the properties revaluation reserve relating to a previous revaluation of that asset.

Depreciation on revalued assets is recognised in income. On the subsequent sale or retirement of a revalued property, the attributable revaluation surplus remaining in the properties revaluation reserve is transferred directly to retained earnings. Further, as the asset is put to use, the difference between the depreciation on the revalued amount and the depreciation on the cost is transferred from the revaluation reserve to retained earnings.

(b) Subsequent Expenditure

The Bureau recognises, in the carrying amount of a tangible fixed asset, the cost of replacing part of such an item when that cost is incurred if it is probable that the future economic benefits embodied with the item will flow to the Bureau and the cost of the item can be measured reliably. All other costs are recognised in the income statement as an expense as incurred.




(c) Depreciation

Property, plant and equipment are stated at cost less accumulated depreciation and impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method, with full year depreciation being charged in the year of acquisition at the following rates:

Buildings 2%

Motor Vehicles 20%

Office and Laboratory Equipment 20%

Furniture and Fittings 10%

Computer Equipment 20%

The estimated useful lives, residual values and depreciation method are reviewed at each year end, with the effect of any changes in estimate accounted for on a prospective basis.

(d) De-recognition

An item of property, plant and equipment is de-recognised upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on de-recognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the item) is included in the income statement in the year the item is de-recognised.

(e) Impairment

At each reporting date, the Bureau assesses whether there is any indication that an asset may be impaired. Where an indicator of impairment exists, the Bureau makes a formal estimate of recoverable amount. Where the carrying amount of an asset exceeds its recoverable amount the asset is considered impaired and is written down to its recoverable amount. Recoverable amount is the higher of an asset’s or cash-generating unit’s fair value less costs to sell and its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation, if no impairment loss had been recognised.

7. Financial Instruments

(a) Composition

The Bureau’s financial instruments consists of cash and equivalents, accounts and sundry receivables, accounts payables, employee benefits provision, accrued liabilities and provisions due to sundry suppliers and government departments and/or authorities to whom statutory deductions are due. Cash and cash equivalents, accounts receivable, payables, and accrued liabilities are reflected in the statement of financial position at cost, which approximates to fair value due to the short-term nature of these instruments.




(b) Financial Assets

(i). Classification

The Bureau’s principal financial assets are cash and cash equivalents and accounts receivable from revenue arising from rendering of services and sundry receivables from administrative advances, prepayments and deposits:

− Cash and cash equivalents include cash in hand and deposits held at call with banks, including bank overdrafts. Bank overdrafts are shown as net of cash balances within current assets on the statement of financial position.

− Accounts receivables and sundry receivables are stated in the balance sheet at original amount less an allowance for any uncollectible amounts. An estimate for impairment is made when collection of the full amount is no longer probable. Bad debts are written off when identified.

All regular way purchases or sales of financial assets are recognised and derecognised on a trade date basis. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame established by regulation or convention in the marketplace. All the Bureau’s financial assets are measured subsequently in their entirety at either amortised cost or fair value.

(ii). Impairment

The Bureau recognises a loss allowance for expected credit losses on receivables and contract assets. The expected credit losses on these financial assets are estimated using a provision matrix based on the Bureau’s historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as the forecast direction of conditions at the reporting date, including time value of money where appropriate.

(iii). De-recognition

The Bureau derecognises a financial asset only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another entity.

(c) Financial Liabilities

(i). ClassificationandMeasurement

Financial liabilities are classified according to the substance of the contractual arrangements entered into:

− Payables and accruals are stated at their nominal value.

− Provisions are recognised when the Bureau has a present legal or constructive obligation as a result of a past event, and it is probable that the Bureau will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.




(ii) Retirement Benefit Plans

- National Pension Scheme - Before October 2009, the employees of the Bureau were solely members of the government-managed defined contribution scheme, the National Pension Scheme. The Bureau is required to contribute to the scheme 10% of each employee’s compensation, split evenly between the employer and the employee. The only obligation of the Bureau with respect to the retirement benefit plan is to make the specified contributions.

- Zambia Bureau of Standards Pension Trust Scheme - From October 2009, the Bureau also operated the Zambia Bureau of Standards Pension Scheme – defined contribution scheme - for all qualifying employees. Contributions to the scheme are split between employee and employer, in a 1:2 split of at least 5% of employee compensation. The assets of the scheme are held in separate trustee-administered funds. The Bureau has no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. The total expense recognised in the income statement represents contributions payable to these plans by the Bureau at rates specified in the rules of the plans.

- RetirementBenefitsCost -Contributions to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

- Other Employee Benefits - The estimated monetary liability for employees’ accrued gratuity pay entitlement at the balance sheet date is recognised as an expense accrual.

- Contingent Liabilities: Contingent liabilities are initially measured at fair value. At the end of subsequent reporting periods, such contingent liabilities are measured at the higher of the amount that would be recognised in accordance with IAS 37 Provisions, Contingent Liabilities and Contingent Assets and the amount initially recognised less cumulative amortisation recognised in accordance with IFRS 15 Revenue from Contracts with Customers.

(ii). De-recognition

The Bureau derecognises financial liabilities when, and only when, the Bureau’s obligations are discharged, cancelled or they expire.

(d) Offsetting of Financial Assets and Liabilities

Financial assets and liabilities are offset and net amounts reported in the statement of financial position when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis, or realise the asset and settle the liability simultaneously.

(e) Fair Values of Financial Assets and Liabilities

The carrying amounts of financial assets and liabilities are, in the opinion of the Board Members, not significantly different from their respective fair values due to generally shorts periods to maturity dates. Liabilities in respect of retirement benefit contributions, which are of a long-term nature are reflected at cost as the benefit plan operated by the Bureau is a defined contribution scheme, under which the Bureau’s liability is limited to shortfalls between total contributions paid and amounts payable as at the reporting date.




8. Grants

Grants are not recognised until there is reasonable assurance that the Bureau will comply with the conditions attaching to them and that the grants will be received. Grants whose primary condition is that the Bureau should purchase, or otherwise acquire non-current assets are recognised as capital grants in the statement of financial position and transferred to income on a systematic and rational basis over the useful lives of the related assets. Other grants are recognised as deferred revenue over the periods necessary to match them with the costs for which they are intended to compensate, on a systematic basis. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the Bureau with no future related costs are recognised in income in the period in which they become receivable.

9. Taxation

No allowance is made for income or deferred taxes as the Bureau is exempt from taxation under Cap 715 of the Laws of Zambia.

10. Capital Management

Capital resources comprise accumulated funds and unamortised portions of grant balances. The Bureau’s objectives for the management of capital are to safeguard its ability to continue as a going concern. The Bureau considers its cash and cash equivalents to be the manageable capital from its financial resources. The Bureau’s policy is to maintain sufficient cash balances to cover operating and administration costs over a reasonable future period. The Bureau currently has no externally-imposed capital requirements except to maintain sufficient cash balances.

11. Revenue

(a) Composition

(i). Principal revenue comprises revenue grants and amortised portions of deferred revenue. The Bureau is a grant aided body, fully funded by the Government of the Republic Of Zambia. In addition to Government funding, the Act permits the Bureau to seek funding from donors and other multilateral institutions.

(ii). Other income comprises mostly non-operating income.

(b) Recognition

Revenue represents appropriations in aid received from government.

12. Administrative Costs

Operating and administrative costs are accrued as incurred.

13. Financial Risks

The Bureau’s activities expose it to a variety of financial risks. The most important types of risk are credit risk, and liquidity risk. Policies and exposures on risks and financial instruments are discussed in Note 12 to the financial statements.




14. Critical Judgements in Applying Accounting Policies and Key Sources of Estimation Uncertainty

Many of the amounts included in the financial statements involve the use of judgement and/or estimation. These judgements and estimates are based on management’s best knowledge of the relevant facts and circumstances, having regard to previous experience, but actual results may differ from the amounts included in the financial statements. Information about such judgements and estimation is contained in the accounting policies above and/or the notes to the financial statements on Pages 48 to 58. However, the key areas are summarised below.

(a). Areas of judgement that have the most significant effect on the financial statements:

(i). Grant accounting and amortisation

(ii). Estimation of asset lives and carrying values

(iii). Determination of fair values of non-current assets

(iv). Provisions and contingencies

(b). Key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period are:

(i). Review of asset carrying values and impairment charges and reversals

(ii). Estimation of employee related provisions and post-retirement benefits

15. Comparatives

Where necessary, corresponding figures have been reclassified to conform to changes in the presentation of the current period.




Notes to the Financial StatementsAmounts in Zambian Kwacha

2019 2018

1. Appropriation in Aid

Appropriations from GRZ 26,550,000 24,925,579

This represents amounts provided to the Bureau by Parliament, in appropriations in Aid.

2. Other Income

Deferred Grants Amortised 2,354,702 1,051,788

Interest Received 2,250 7,798

Profits on Exchanges Gains 769,270 -

Net Liabilities Transferred to New Statutory Bodies - 2,123,173

Other Income 1,123,339 1,245,343

4,249,561 4,428,103

3. Cost of Certification & Testing

Accreditation Audit, Certification and Surveillance fees 100,778 155,524

Calibration of Standards and Internal Equipment 53,938 41,383

Chemicals Reagents & Solvents 628,800 382,908

Sample Containers Seals & Labels - 1,000

Testing Charges - 10,020

783,516 590,835

4. Costs of Income Generating Activities

Training to Industry 385,984 45,811

Training to Industry 385,984 45,811




Notes to the Financial Statements (continued)Amounts in Zambian Kwacha

2019 2018

5. Costs of Personnel

Acting Allowances 343,612 192,736

Casual & Temporal Wages 40,827 32,237

Fuel Allowances 475,700 463,618

Gratuity 2,126,952 1,963,731

Housing Allowance 134,844 134,844

Leave Pay & Benefits 1,593,632 1,247,753

Medical Allowances 360,697 352,411

NAPSA Employers Contribution 715,721 706,660

Overtime 48,000 14,136

Pension Contributions 846,359 793,968

Responsibility Allowances 49,316 39,077

Salaries & Wages 14,772,005 14,989,976

Telephone Allowances 108,900 98,790

Transport Allowances 1,159,430 1,166,677

Workers Compensation 23,585 34,638

22,799,580 22,231,253


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930

4,86

180

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572,

302

19,4

70,8

74





2019 2018

7. Receivables

Sundry Receivables

Prepayments 223,472 -

Staff Receivables - Imprest 39,248 57,470

Staff Receivables - Salary Advances 74,175 58,658

336,896 116,128

Receivables from Government

Due from Ministry of Finance-Grants - 2,345,831

Due from Ministry of Finance-VAT Refunds 3,357,434 2,303,523

Other Receivable - 10,000

3,357,434 4,659,354

Impairment Provision

Opening Balance (2,303,523) (1,710,955)

Due from Ministry of Finance-VAT Refunds (1,053,911) (592,568)

(3,357,434) (2,303,523)

Net Receivables 336,896 2,471,959

8. Cash and Equivalents

Zanaco Commercial Account 18,369 209,396

Zanaco Current Account 3,524,896 11,861

Zanaco Savers Account 23,291 22,126

Zanaco USD Account 4,524,348 5,186,406

Petty cash 8,023 6,694

8,098,927 5,436,484





2019 2018 9. Capital Grants and Deferred Income

Opening Balance 5,168,643 346,004Funds Received 1,036,336 6,032,843Capital Grant Amortised during the year (272,632) (158,416)Deferred Income Amortised During the Year (2,354,702) (1,051,788)Balance as at year end 3,577,645 5,168,643

10. Payables, Accruals and ProvisionsAudit Fees 79,744 63,250Payables 293,973 1,215,354Sundry Payables and Accruals 15,383,732 10,364,357 15,757,448 11,642,961

11. Employee Obligations

Gratuity 2,133,497 3,198,479

12. Financial Instruments

The Bureau faces exposure to the following financial risks:

(a). Total Financial Instruments

31 December 2019

Receivables

Assets at Fair Value through

P & LAssets at

Amortised Cost TotalAssets as per Statement of Financial Position

Loans and Receivables:

-Trade and Other receivables 336,896 - - 336,896

-Cash and Equivalents 8,098,927 - - 8,098,927

Total 8,435,823 - - 8,435,823

Liabilities at Fair Value

through P & L

Other Financial Liabilities at

Amortised Cost Total Liabilities as per Statement of Financial Position

Other Financial Liabilities - 2,133,497 2,133,497

Trade and Other Payables - 15,757,448 15,757,448

Total - 17,890,945 17,890,945





31 December 2018

Receivables

Assets at Fair Value through

P & LAssets at

Amortised Cost TotalAssets as per Statement of Financial Position

Loans and Receivables:-Trade and Other receivables 2,471,959 - - 2,471,959-Cash and Equivalents 5,436,484 - - 5,436,484Total 7,908,443 - - 7,908,443

Liabilities at Fair Value

through P & L

Other Financial Liabilities at

Amortised Cost Total Liabilities as per Statement of Financial Position

Other Financial Liabilities - 3,198,479 3,198,479Trade and Other Payables - 11,642,961 11,642,961Total - 14,841,440 14,841,440

(b) Credit RiskThe Bureau takes on exposure to credit risk, which is the risk that a counterparty will cause a financial loss to the Bureau by failing to pay amounts in full when due. The maximum exposure to credit risk is represented by the carrying amount of each financial asset in the balance sheet. As shown below, exposure to credit risk is represented by cash balances and amounts due on accounts receivables:

2019 2018Maximum exposure to credit risk:Cash and bank balances 8,098,927 5,436,484Receivables 336,896 2,471,959 8,435,823 7,908,443

The Bureau’s primary credit exposure from illiquidity of cash and cash equivalents amounted to ZMW8.098million at 31st December 2019 (2018: ZMW5.436million).

At the reporting date, other significant concentrations of credit risks lay in receivables, which at the reporting date amounted to ZMW0.152million (2018: Restated: ZMW2.471million). The nature of services offered by the Bureau means it does not have significant credit risk exposure to a single counterparty.

(c) Currency risk

The Bureau is exposed to very low foreign currency exchange risks as its dealings are almost entirely in Zambian Kwacha. However, it takes on exposure to the effects of fluctuations in the prevailing foreign currency exchange rates, mostly the US Dollar on its financial position and cash flows. The risk arises primarily in cash and equivalents, where balances are held in foreign currency. Currency risk is not hedged. The table below summarises its exposure to US Dollar exchange rate risk at 31st December:





2019 2018Assets Cash and Cash Equivalents 4,524,348 5,186,406

Liabilities - -Net On-Balance Sheet Position 4,524,348 5,186,406Net Off-Balance Sheet Position - -Overall Open Position 4,524,348 5,186,406

(d) Liquidity Risk and Interest Rate Risk

The Bureau’s activities expose it to a variety of financial risk: market risk (including interest and liquidity risk). This is monitored on a daily basis by management and controlled as far as reasonably possible to minimise the risk of mismatches between current liabilities and current assets. The table below summarises the Bureau’s interest and liquidity risks:

Up to 1-3 4-12 1-5 Total 1 Month Months Months Years At 31 December 2019

Non-Interest Bearing 1,313,121 3,939,362 10,504,966 2,133,497 17,890,945 1,313,121 3,939,362 10,504,966 2,133,497 17,890,945At 31 December 2018

Non-Interest Bearing 970,247 2,910,740 7,761,974 3,198,479 14,841,440 970,247 2,910,740 7,761,974 3,198,479 14,841,440

(e) Fair Value Estimation

The different levels of determining fair value, by valuation method, have been defined as follows: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2: Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly prices) or indirectly derived from prices); and Level 3: Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs). The Bureau had no financial instruments carried at fair value, by valuation method.

- Cash and cash equivalents, accounts receivable, payables, and accrued liabilities are reflected in the statement of financial position at cost and nominal value, which approximates to fair value due to the short-term nature of these instruments.

- Retirement benefits, which are of a longer term nature, are reflected at cost as the benefit plan operated by the Bureau is a defined contribution scheme, under which the Bureau’s liability is limited to shortfalls between total contributions paid and amounts payable as at the reporting date.





13. Related Parties

(a) Identity of Related Parties

The Bureau has a common enterprise relationship with Government of the Republic of Zambia. As there was no Board during the year, related parties include members of the Bureau’s key management team (Page 7).

(b) Control and Governance of the Bureau

The Bureau has a common enterprise relationship with Government of the Republic of Zambia (“GRZ”) and falls under the auspices of the Ministry of Commerce, Trade and Industry. Internal supervision of its management and control of the affairs of the Bureau, however, is vested in the Board. In 2019, however, as in the prior year, the Bureau had no Board.

(c) KeyManagementoftheBureau

The key executives of the Bureau i.e. officers other than Board members with the ability, directly or indirectly, to control or exercise significant influence over the Bureau in making financial and operating decisions, are listed on Page 7.

(d) Transactions with Related Parties

None of the Board Members, key executives or parties related to them has undertaken any material transactions with the Bureau. However, the GRZ and its departments are regarded as a single related party. The list of related party transactions in these financial statements is summarised below:

2019 2018

Government Funding received 26,550,000 24,925,579

Key Management Remuneration 2,954,401 2,997,995





14. Capital Management

The Bureau’s objectives when managing capital are to safeguard the Bureau’s ability to continue as a going concern in order to provide returns to controlling interests and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cost of capital.

The Bureau monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non-current borrowings’ as shown in the balance sheet) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the balance sheet plus net debt. The gearing ratios at 31 December 2019 and 2018 were as follows:

2019 2018Debt - -Cash (8,098,927) (5,436,484)Net Debt (8,098,927) (5,436,484)

Equity (6,929,569) (4,982,130)

Net debt to equity ratio 116.87% 109.12%

15. Capital Commitments

The Bureau had no capital commitments as at the year-end (2018: Nil).

16. Contingent Liabilities

(a) The Bureau is party to two lawsuits on-going as at the end of the year and at the time of issue of this report. Although legal counsel expects judgements in favour of the Bureau, the ultimate outcome of these matters cannot presently be determined and, accordingly, no provision for any effects on the Bureau that may result has been made in the financial statements. Contingent liabilities in respect of potential legal costs amounting to K70,000 on each case have been identified and recognised in these financial statements.

(b) Significant penalties and interest surcharges in respect of delayed settlement of monthly statutory obligations in both the current and prior years have been identified and recognised in these financial statements due to:

(i). The National Authority Pension Scheme of K669,486 and

(ii). The Zambia Revenue Authority of K493,541.

17. Events Subsequent to Reporting Date

There has not arisen since the end of the period any transaction or event of a material and unusual nature likely, in the opinion of the management, to affect substantially the operations of the Bureau, the results of those operations or the state of affairs of the Bureau in subsequent financial periods.




APPENDIX – RECURRENT COSTSAmounts in Zambian Kwacha

2019 2018Advertising & Promotions 63,869 206,697Audit and Consultancy Services 84,544 63,250Bank Charges & Commissions 36,595 34,001Cleaning Materials & Expenses 184,827 181,163Electricity 149,630 135,601Entertainment 72,000 72,000Equipment Accessories 42,634 61,368Exchange Losses - 39,362Fuel & Lubricants 239,283 209,977Health & Safety - 20,074Impairment Provision 1,053,911 592,568Insurance 118,701 233,975Legal Fees 242,000 45,871Loss on Disposal of Tangible Assets - 2,729,086Lunch Allowances 7,116 47,671Marketing & Public Relations Expenses 342,489 315,503Market Surveillance and Fees 12,525 -National Health 23,564 -Office & Meetings Expenses 87,435 152,832Other Expenses 41,019 49,670Penalties 1,163,026 -Postage, Post Box Rentals & Courier Services 52,900 139,121Printing & Stationery 277,798 357,457Protective Clothing & Uniforms - 36,116Recruitment Expenses 6,000 3,300Rent & Rates 26,222 67,637Renewal of Payroll Package Licenses 40,035 57,637Repairs & Maintenance-Buildings 41,911 114,829Repairs & Maintenance- Equipment 238,435 118,397Repairs & Maintenance-Motor vehicles 326,026 182,094Security Services 190,742 173,036Service of Fire Equipment - 12,070Staff Training & Development Study Tours 175,069 22,490Staff Welfare 125,822 162,378Standards Council Expenses-Meetings 460,677 379,914Subsistence Allowances-Foreign 115,930 398,268Subsistence Allowances-Local 119,948 463,767Telephone, Fax, Email 173,346 348,833Tender Meeting Sitting Allowances 2,216 2,289Travel Expenses-Foreign 70,444 139,171Travel Expenses-Local 27,737 15,154Water & Sewerage 31,677 35,239Workshop Expenses 149,695 168,226Write Offs - 190,612 6,617,799 8,778,703


For further information please contactThe Chief Executive Officer

Zambia Bureau of StandardsHead Office

Lechwe House Freedom WayP. O Box 50259, ZA 15101, Ridgeway, Lusaka, Zambia

Phone: +260 211 221386/ 231385 Fax: +260 211 238483Email: [email protected] Web: www.zabs.org.zm

Border OfficesNakonde, Livingstone, Katima Mulilo, Kazungula, Mwami, Chirundu and Chanida

Provincial OfficesNdola, Chipata, Choma, Solwezi, Kasama,

Mongu, Chinsali, Mansa and Kabwe

2019 Annual Report · 2020. 7. 7. · 2019 Annual Report For Safety and Quality Assurance. 2 ZABS...

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