Barakah Offshore's Auditor Issues 'Going Concern' Disclaimer
Barakah Offshore's Auditor Issues 'Going Concern' Disclaimer
The company expects to resolve the material uncertainty in the subsequent financial year.Barakah Offshore Petroleum Bhd received a disclaimer of opinion from its independent auditor, HLB Ler Lum Chew PLT, regarding the "going concern" assumption in its financial statements for the fiscal year ended June 30, 2023, despite incurring a net loss of RM4 million for the year.
尽管该年度净亏损400万令吉，但Barakah Offshore Plt还是收到了其独立审计师HLB Ler Lum Chew PLT就截至2023年6月30日的财年财务报表中的 “持续经营” 假设发表的免责声明。
The auditor noted that the Practice Note 17 (PN17) company's current liabilities exceeded its current assets by RM18.21 million, with a deficit of shareholders' funds amounting to RM15.05 million, indicating a material uncertainty about the group's ability to continue as a going concern.
审计师指出，该业务说明17（PN17）公司的流动负债超过其流动资产1,821万令吉，股东资金赤字为1,505万令吉，这表明该集团继续经营的能力存在重大不确定性。
Barakah outlined measures taken to address this concern, including exploring business opportunities with non-oil and gas customers and securing contract extensions.
巴拉卡概述了为解决这一问题而采取的措施，包括与非石油和天然气客户探索商机以及确保合同延期。
The company expects to resolve the material uncertainty in the subsequent financial year.
该公司预计将在下一个财政年度解决重大不确定性。
Barakah's shares closed 27.27% lower at 4 sen today, with a market capitalisation of RM36.77 million.
巴拉卡的股价今天收盘下跌27.27％，至4美分，市值为3677万令吉。