By Alfred Chua2021-07-20T04:13:00+01:00
Auditors have raised “significant doubt” over Garuda Indonesia’s ability to continue as a going concern, after the beleaguered flag carrier plunged to a record full-year loss.
In a report accompanying the carrier’s financial results, KAP Tanudiredja, Wibisana, Rintis & Rekan, a member firm of accounting giant PwC, assigned a disclaimer of opinion given when auditor cannot judge whether the accounts have been created properly on Garuda’s financial results.
Source: Wikimedia Commons
Garuda Indonesia fell to a $2.2 billion operating loss for the year ended 31 December 2020.
It notes that Garuda’s financial situation weakened due to the coronavirus pandemic, which has impacted the airline group’s performance and liquidity.
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The report embodies Gojek s commitment to supporting the United Nations Sustainable Development Goals (SDGs). To ensure greater accountability, the company is also forming a Sustainability Advisory Council, comprising impartial external experts from various organizations including UN Women, ASEAN Centre of Energy, University of Indonesia and more. With less than 10 years to achieve the SDGs, we have to act now. By using the best available science, aligning with global standards and accreditations and applying a data-driven approach to our methodology, we are ensuring our strategy is as robust, relevant and impact