Auditors have raised significant doubt over Garuda Indonesias ability to continue as a going concern, after the beleaguered flag carrier plunged to a record full-year loss.
In a report accompanying the carriers 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 Garudas financial results.
It notes that Garudas financial situation weakened due to the coronavirus pandemic, which has impacted the airline groups performance and liquidity.
The adverse impact on the groups operation and liquidity has directly affected the groups ability to meet its financial obligations to i…
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