. PSIRA 's ability to settle current obligations has worsened . Current ratio 0.93: 1 compared to 1.09:1 (2008/09) . Net assets declined R13.6m and 17.9m (2008/09) . Attributable to deficit posted in 2009/10 . The financial position is attributable to : - Poor debt collection practices - Funding model not reviewed - Increased operating costs