decreased by 2% from P1.44 billion in the previous year to P1.40 billion in the year under review. 

## 2.3 Working Capital 

The working capital position of the Corporation as at 31 March 2018 showed total current assets of P892.90 million and total current liabilities of P256.31 million, resulting in a net current assets position of P636.60 million. 

## 3.0 Management letter 

In view of the restrictions imposed by the Botswana Stock Exchange Listing Requirements, I have not been able to obtain a management letter. 

## 154. Botswana Tourism Organisation 

As part of my writing of this report, and in line with the long standing arrangement with the Public Accounts Committee, In July 2018 I addressed a communication to the Chief Executive Officer requesting for the submission of the audited accounts and reports of the Organisation for the financial year ended 31 March 2018 for my review and inclusion of the review results in this report. The Chief Executive Officer had responded stating that they were unable to do so as a result of delayed completion of audit due to restatement of financials from 2013 to 2018 to consolidate Botswana Tourism Organisation and the community projects financials. 

Consequently, I have not been able to carry out the review of the accounts of the Organisation for the financial year ended 31 March 2018, for the benefit of the National Assembly. 

## 155. Botswana Trade Commission 

The financial statements of the Botswana Trade Commission for the financial year ended 31 March 2018 were audited by Messrs Grant Thornton, Certified Auditors, who were appointed by the Board in terms of Section 29 (1) of the Botswana Trade Commission Act, No. 20 of 2013. 

