. Credit payment terms - the AGSA committed to pay its creditors within 45 days in the 2010/11 financial year. The actual performance indicates that the AGSA honoured its creditors within 34 days exceeding the target committed to by 11 days. Given the number of days which audit fees are outstanding, it could be a risk that the AGSA is exposed to run short of cash as the AGSA pays its creditors within 34 days compared to overdue audit fees by 13, 27, 91 and 204 days. 2.4.2 Financial position - the information was extracted from the audited balance sheet (statement of financial position) of the AGSA. The statement of financial position summarises the finances of the AGSA as at the end of the 2010/11 financial year as follows: