EWC 13.0% 2.0¢ energy world corporation ltd

Ann: Half Yearly Report and Accounts, page-14

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  1. 6 Posts.
    Roughie - read auditors statement (see below) re HYr Fin Rpt.
    Material Uncertainty Regarding Continuation as a Going Concern
    Without qualification to the opinion expressed above, we draw your attention to Note 2(b), which describes that the consolidated entity needs to complete the conditions precedent for the drawdown of the Philippines Power Facility or raise additional financing to continue as a going concern. These conditions, along with other matters as set forth in Note 2(b), indicate the existence of a material uncertainty regarding whether the consolidated entity will continue as a going concern, and therefore whether it will realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in the financial report. The financial report does not include any adjustments relating to recoverability and classification of recorded assets amounts nor to the amounts and classification of liabilities that might be necessary should the consolidated entity not continue as a going concern.
 
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