The Centre is funded by Government grants. In the year under  review, the grant was P35.88 million, making up 96% of the total  income, compared to P36.39 million in the previous year.  The working capital position of the Group as at 31 March 2018  showed current assets of P11.64 million and current liabilities of  P18.85 million, resulting in a net current liabilities position of P7.21  million.  The working capital position of the Company as at 31 March  2018 showed current assets of P19.71 million and current liabilities  of P17.83 million, resulting in a net current assets position of P1.87  million.  Included in the current liabilities is deferred capital grants of  P13.82 million for the Group and Company, and provision for  gratuities and leave of P3.95 million for the Group and P2.97  million for the Company.  The auditors had issued a management letter and the issues  raised were only of interest to management, hence did not merit  mention in this report.  The financial statements of the Non-Bank Financial Institutions Regulatory Authority 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 33 (1) of the Non-Bank  Financial Institutions Regulatory Act, 2006.  In the opinion of the auditors:  The financial statements presented fairly, in all material respects,  the financial position of the Non-Bank Financial Institutions Regulatory Authority as at 31 March 2018, and its financial  performance and its cash flows for the year then ended, in  accordance with International Financial Reporting Standards.  2.0 Accounts 2.1 Audit Opinion 171. Non-Bank Financial Institutions Regulatory Authority 3.0 Management Letter 2.3  Working Capital 185 