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What about going concern assumptions about this balance sheet?

<p>Share Capital  = 27</p> <p>current Account  = 11</p> <p>Accumulated Losses  =     -183</p> <p>Revaluation Reserves  =    316</p> <p>Term Loan  =   138</p> <p>Current Borrowings  = 35</p> <p>Creditors  = 12</p> <p>Accrued exp &amp; other</p> <p>payables  = 37</p> <p><strong>Total  = 395</strong></p> <p>Assets</p> <p>Land and Building  =377</p> <p>Investment in Subsidiary    =   8</p> <p>Debtors  =  8</p> <p>Investory, bank etc  = 2</p> <p><strong>Total  =395</strong></p>

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Question ajoutée par Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC
Date de publication: 2014/11/08

Does not seem to be a going concern in the light of accumulated losses and weak liquidity position.

   

georgei assi
par georgei assi , مدير حسابات , المجموعة السورية

This company needs a large capital to re-restoration and reconstruction, and we find that a failed administration and the balance sheet the accumulated losses and liquidity position is very weak that the company is in an awkward and in danger of collapse and bankruptcy position show

The company needs to Aalayh crew enjoyed the experience of rebuilding it properly and stop the accumulation Alkhsaúrovi case and found this crew company will succeed in overcoming all

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

It requires heavy infusion of Capital in the form of Reconstruction with a Change of the Expert Management or it require a Merger or Amalgamation.

 

Saleem Khatri
par Saleem Khatri , Head of Finance , Berger Paints International

Company's Balance Sheet shows a critical position and chances of going concern are too little, but a smart businessman can easily revive this company and turn it around to be a profitable entity

FITAH MOHAMED
par FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

AGREE WITH MR GEORGI & MR VENKITARAMAN ANSWERS

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