The Commission is funded by Government grants, and in the year under review the grant was P90.33 million, representing 91.6% of total income, while other income was derived from, among others, stadium fees, Debswana Re Ba Bona Ha and reversal of accruals. 

An amount of P32.50 million was distributed to 39 affiliates and associates, with allocations ranging from P62 109 (lowest) to P6.50 million (highest). The Botswana National Olympic Committee received the highest amount of P6.50 million followed by the Botswana Football Association which received P6.00 million. 

Additionally, an amount of P18.86 million was used to fund special projects such as Elite Scholarship Fund, IWG Women and Sport, Sports Development Fund, Botswana Games, AUSC Region 5, Zebra Athletes Fund, Women and Sport Botswana and Sports Volunteer Movement. 

The Commission had been incurring losses over the past years which had accumulated to P67.37 million as at 31 March 2018 and its current liabilities exceeded current assets by P16.10 million. Therefore, the Commission’s ability to continue as a going-concern is dependent on the Government’s continued financial support. 

## 2.3 Working Capital 

As at 31 March 2018, the working capital position of the Commission showed current assets of P5.79 million and current liabilities P21.89 million resulting in a net current liabilities position of P16.10 million. 

Included in the current liabilities is provisions for gratuities and leave pay of P3.18 million. 

## 3.0 Management Letter 

The following were some of the significant matters raised by the auditors and the management responses thereto: 

## 3.1 Stadia Income 

The auditors identified weaknesses during their review of the controls surrounding stadia income. As per the contract with the Botswana Premier League, the Commission was entitled to 25% 

