SAA is required to provide the Annual Report to me before the SAA Annual General Meeting (AGM). At a minimum, the AGM must consider the 2011/12 Annual Report which must contain the audited Financial Statements as well as the report by the Auditors on the Annual Financial Statements. To comply with this obligation, section 55(3) of the PFMA requires the accounting authority of the entity to submit the Report, to the relevant Executive Authority for tabling in Parliament. In this regard, SAA has not been able to finalise the Annual Report due to the need to address the immediate financial position of the Airline before the auditors can finalise the annual financial statements.