101 101 Financial position Key indicators of the health of the ASC’s financial position are demonstrated by its ability to sustain its asset base, pay debts as they fall due in the short-term and maintain prudent levels of long-term liabilities. The ability of the ASC to sustain its asset base is indicated by changes in net assets. Figure 2 shows that net assets are stable in relation to 2016–17 and the Forward Estimates. However, the ASC is in the process of undertaking a Strategic Asset Management Review to support its business strategy. Decisions taken around this strategy will be done to also the ongoing financial sustainability of the ASC. Asset management While the financial position of the ASC is considered to be sound over the Budget and Forward Estimates, the Commission is reviewing its ongoing capital funding for the refurbishment and replacement of buildings and infrastructure, plant and equipment, to ensure the requirements and strategic direction of the ASC into the forward years, within available resources. Statement of Compliance For the reporting period, the ASC did not have any significant issues reported to the Minister for Sport or the Minister for Finance that relates to non-compliance with the finance law.