The Auditor-General’s Report says the companies owned by MoF Inc are financially weak and dependent on government assistance.
The report said the financial liability of MoF Inc companies had risen in 2018 compared to 2016, which showed their dependence on debts/loans.The valuation on the financial position of those companies with a majority equity holding by the government from 2016-2018 found the cash flow ratio of 26 companies at less than one, which is an indicator that they needed financial assistance from the government.
The report said the use of 41.2% of government funds to repay loans to the government, including the change of loans to equity, showed the weak financial position of the companies and their continued dependence on government assistance.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Audit department concludes only four MOF Inc companies financially soundThe four are Petronas, Prokhas Sdn Bhd, MyCreative Ventures Sdn Bhd and Syarikat Jaminan Kredit Perumahan Bhd. Hundreds of billions 'invested' top monkeys sapu all monies... salary allowance and pensions... not to mention MPs or ADUNs sitting in BOD That's not good. Not good at all!
Fonte: malaysiakini - 🏆 20. / 51 Consulte Mais informação »
Only 4 MoF Inc companies financially sound, audit finds | The Malaysian InsightThey are Petronas, Prokhas Sdn Bhd, MyCreative Ventures Sdn Bhd and Syarikat Jaminan Kredit Perumahan Bhd.
Fonte: msianinsight - 🏆 8. / 63 Consulte Mais informação »
Audit department concludes only four MOF Inc companies financially soundThe four are Petronas, Prokhas Sdn Bhd, MyCreative Ventures Sdn Bhd and Syarikat Jaminan Kredit Perumahan Bhd. Hundreds of billions 'invested' top monkeys sapu all monies... salary allowance and pensions... not to mention MPs or ADUNs sitting in BOD That's not good. Not good at all!
Fonte: malaysiakini - 🏆 20. / 51 Consulte Mais informação »
Only 4 MoF Inc companies financially sound, audit finds | The Malaysian InsightThey are Petronas, Prokhas Sdn Bhd, MyCreative Ventures Sdn Bhd and Syarikat Jaminan Kredit Perumahan Bhd.
Fonte: msianinsight - 🏆 8. / 63 Consulte Mais informação »
Bursa Malaysia ruling hinders govt plan to take over toll companies, says report | The Malaysian InsightBourse has forbidden Gamuda Bhd and Permodalan Nasional Bhd from voting on deal, says Singapore's Straits Times.
Fonte: msianinsight - 🏆 8. / 63 Consulte Mais informação »