2.4.3 Working capital - is the amount of money that an organisation has on hand or it will have in a given year. Working capital is calculated by subtracting current liabilities from current assets as reflected in the audited balance sheet of the AGSA for the 2010/11 financial year. The current liabilities of the AGSA includes the value of trade and other payables, provisions and finance lease obligation for the 2010/11 financial year and subtracted from the current assets which includes the value of trade and other receivables and cash and cash equivalents, calculated as follows: