The Authority has made no provision for any liability (contingent liability) that may result from these legal actions in their financial statements. Going Concern The Statement of Financial Performance for the year ended 31 March 2012 on page 80 of the Annual Report indicates that PSIRA incurred a net loss of R9,280 million (2011: R23, 763 million) during the year. The current liabilities exceed the current assets by R8, 266 million as per the statements of financial performance. The AG reported that these conditions, along with other matters as set forth in the note 21 of the Financial Statements of the Authority, indicates the existence of a material uncertainty that may cast significant doubt on the public entity' ability to operate as a going concern.