25% increase in administration expenses from P27.49 million in the  previous year to P34.48 million in the year under review.  Income on the other hand, increased by 6% from P73.91 million in  the previous year, compared to P78.87 million in the period  under review. The main items of income and expenditure comprised the  following:  The working capital position of the Board as at 31 March 2018  showed total current assets of P21.11 million and total current  liabilities of P13.18 million, resulting in a net current assets position  of P7.93 million.  The following are some of the matters raised by the auditors and  the management responses thereto:  The auditors noted that the Board did not have a title deed of  land and buildings worth P26 million, which the Ministry of  Finance and Economic Development (MFED) transferred to the  Board on the 23 February 2017.  In response management stated that the absence for the title  deed was a matter that management, MFED, BURS, BR Properties  and Botswana Railways were working on with a view to resolving.  They further stated that the absence of the tittle deed was  3.1 Assets Ownership 3.0 Management letter 2.3 Working Capital 2018 2017 Change P’Million  P’Million  %  Income Government Subvention  64.57  56.98  13  Other Income  13.72  16.40 -16 Interest Income  0.581  0.530  7  Expenditure  Administration Expenses  34.48  27.49  25  Staff Costs  49.26  46.96  5  189 