Independent Broadcasting Authority [No. 17 of 2002 357 (2) The Authority may — (a) accept moneys by way of grants or donations from any source in the Republic and, subject to the approval of the Minister from any source outside Zambia; (b) raise moneys by way of loans or otherwise from any source in the Republic and, subject to the approval of the Minister, from any source outside Zambia, as it may require for the discharge of its functions; and (c) in accordance with the Regulations made under this Act charge and collect fees for services provided by the Authority. (3) There shall be paid from the funds of the Authority— (a) the salaries, allowances and loans of the staff of the Authority; (b) such reasonable travelling, transport and subsistence allowances for the members and members of any committee of the Authority when engaged in the business of the Authority, and at such rates as the Authority may determine; and (c) any other expenses incurred by the Authority in the performance of its functions. 40. The financial year of the Authority shall be the period of twelve months ending on the 31st December in each year. Financial year 41. (1) The Authority shall cause to be kept proper books of accounts and other records relating to its accounts. Accounts (2) The accounts of the Authority shall be audited annually by independent auditors appointed by the Authority. 42. (1) As soon as practicable, but not later than three months after the financial year, the Authority shall submit to the Minister a report concerning its activities during that financial year. (2) The report referred to in subsection (1) shall include information on the financial affairs of the Authority and there shall be appended thereto — (a) a balance sheet; (b) an audited statement of income and expenditure; and (c) such other information as the Minister may require. (3) The Minister shall, not later than thirty days after the first sitting of the National Assembly next after receipt of the report referred to in subsection (1), lay it before the National Assembly. Annual report