2.3  Working Capital 3.0 Management Letter 149. Botswana Qualifications Authority  2.0 Accounts  2.1 Audit Opinion In the opinion of the auditors:  The main source of income was dividend of P11.70 million from  the investment with Botswana Building Society, compared to  P12.28 million in the previous year. Expenditure on the other  hand was P2.77 million covering among others, management  fees of P750 012 and market-maker role fees of P961 414.  The working capital position of the company as at 31 March 2018  showed current assets of P34.91 million and current liabilities of  P2.12 million, giving a net current assets position of P32.79 million. The current liabilities included the balance of P1.90 million received from Government through the Public Enterprises Evaluation and Privatisation Agency for the company to play the  role of market-maker in the purchase and sale of Botswana  Telecommunications Corporation Limited shares. There were no  repayment terms for this payment.  The auditors indicated that they did not issue a management  letter as there were no significant control deficiencies identified. The financial statements of Botswana Qualifications Authority for the  financial year ended 31 March 2018 were audited by Messrs PricewaterhouseCoopers, Certified Auditors, who were appointed by  the Board in terms of Section 23 (2) of the Botswana Qualifications  Authority Act, (No. 24 of 2013).  The financial statements presented fairly, in all material respects,  the financial position of Botswana Qualifications Authority as at  31 March 2018, and its financial performance and its cash flows  for the year then ended, in accordance with the International  Financial Reporting Standards.  156 