. Although Albany Coast recieved an unqualified audit from the Auditor General for 2008/9 financial period, it was insolvent. In 2008, it had deficit of R184 125 and in 2009, this was at R1 059 050. . Total equity and liabilities 2008- R9 847 301. . Total equity and liabilities 2009- R10 245 435. . Long terms debts- R 124 785. . Short term debts- R 420 000.