2.3 Working Capital 3.0 Management letter 141. Botswana Meat Commission 2.0 Accounts 2.1 Audit Opinion Income increased by 8% from P118.61 million in the previous year  to P128.30 million in the year under review, while on the other  hand, expenditure declined by 19% from P139.39 million in the  previous year to P112.51 million during the year under review.  The Centre is mainly funded by Government grants, and in the  year under review the grant was P102.84 million, representing  80% of the total income compared to P97.74 million in the  previous year. The working capital position of the Centre as at 31 March 2018  showed total current assets of P88.71 million and total current  liabilities of P22.38 million resulting in a net current assets position  of P66.33 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 merit  mention in this report.  The financial statements of the Botswana Meat Commission for the  financial year ended 31 December 2017 were audited by Messrs Ernst  & Young, Certified Auditors, who were appointed by the Commission in  terms of Section 20 of the Botswana Meat Commission Act, (Cap  74:04). In the opinion of the auditors:  The consolidated and separate financial statements presented  fairly, in all material respects, the financial position of the Botswana Meat Commission Group for the year ended 31 December 2017, and of its financial performance and cash flows  for the year then ended, in accordance with International  Financial Reporting Standards and in the manner required by the  Botswana Meat Commission Act, (Cap 74:04), and for such  internal controls as the Commission determined was necessary to  enable the preparation of consolidated and separate financial  138 