2.0 Accounts 2.1 Audit Opinion In the opinion of the auditors:  2.2 Financial Results 2.4 Working Capital 3.0 Management letter 156. Botswana Unified Revenue Service  The financial statements presented fairly in all material respects,  the financial position of Botswana Trade Commission as at 31 March 2018, and of its financial performance and cash flows for  the year then ended, in accordance with International Financial  Reporting.  The financial operations of the Commission showed a surplus of  P1.06 million for the year under review, compared to P44 456 in  the previous year. Income increased by 15% from P9.19 million in  the previous year to P10.60 million in the year under review, while  expenditure increased by 4% from P9.13 million in the previous  year to P9.53 million in the year under review.  The Commission is funded by Government grants and in the year  under review the grant was P10.59 million, compared to P9.14  million in the previous year. The working capital position of the Commission as at 31 March  2018 showed total current assets of P3.00 million and total current  liabilities of P1.63 million, resulting in a net current assets position  of P1.37 million.  The auditors had issued a management letter and the matters  raised dealt with accounting procedures and internal controls  which were only of interest to management, hence did not  warrant mention in this report.  As part of my writing of this report, and in line with the long standing  arrangement with the Public Accounts Committee, I had circularized  all statutory bodies and state-owned enterprises requesting them to  forward to me copies of their audited financial statements and reports  for purposes of review and inclusion of the review results in this report. The Commissioner General of the Revenue Service has responded  166 