(1) Subject to subsection (2) and not later than 4 months after the end of each financial year, the Commission shall submit to the Minister an annual report on the operations and activities and transactions of the Commission containing —
(a) an assessment of the state of the utility supply services sectors its impact and significance for the development of Saint Lucia;
(b) a description of the activities undertaken by the Commission including recommendations made in respect of licences;
(c) a description of actions taken to implement the relevant national policies of the Government of Saint Lucia; and
(d) the audited financial statement of the Commission.
(2) An annual report under subsection (1) shall be accompanied by the auditor's report under section 32(1).