Asset management and liability management: The following contraventions of section 51(1)(c) of the PFMA were identified: (i) No full asset stock counts were completed for the year under review; (ii) the automated programme, film and sports rights management system was not fully implemented. The programme, film and sports rights lists are currently maintained manually. Reconciliation between the manual listings and general ledger was only performed at year-end, and was in progress at the date of this report; (iii) the borrowing programme prepared and included in the corporate plan 2011/12 in accordance with the requirements of section 52(a) of the PFMA and Treasury Regulation 29.1.3 does not include all of the information required by Treasury Regulation 29.1.6(a)-(j).