a) The Bushbuckridge Water Board experiences a going concern relating to the payment of water sold to Bushbuckridge Local Municipality. b) During the year ending 30 June 2010 an updated service level agreement was signed which provided for a payment of only R5 000 000 (including VAT) per month for water supplies. This falls short of the monthly invoices issued which amounts to an average of R7-R8 million. A similar service level agreement was also signed in 2007- 08 and 2008-9.