PracticeAuditThinFilm under going concern alert

ThinFilm under going concern alert

A going concern warning has been issues against Thin Film Electronics, with auditors warning the company is facing serious liquidity issues

AUDITORS HAVE ISSUED a going concern alert for Thin Film Electronics, warning of severe cash flow issues.

The report revealed the Norwegian maker of interactive games is operating at a loss and lacks the assets to leverage borrowing, warning it will have to secure further funds in 2011 or face a difficult future.

In a severe conclusion, the auditors said: “It is inherently uncertain whether the company will be able to obtain additional capital and at which terms.”

Related Articles

KPMG faces FRC investigation over HBOS work

Audit KPMG faces FRC investigation over HBOS work

6y Richard Crump, Writer
Keeping Up Appearances - how to spot accounting manipulation

Accounting Standards Keeping Up Appearances - how to spot accounting manipulation

6y Jeanine Arnold
Investor congratulations all round

Audit Investor congratulations all round

7y Taking Stock
PwC India fined for audit debacle

Audit PwC India fined for audit debacle

7y Rose Orlik
Accounting fraud pays - or getting caught doesn't hurt. Mostly.

Audit Accounting fraud pays - or getting caught doesn't hurt. Mostly.

7y Gavin Hinks, Writer
Watchdog investigates PwC over JPMorgan

Audit Watchdog investigates PwC over JPMorgan

7y Mario Christodoulou, Writer
E&Y investigated over Lehman Brothers

Audit E&Y investigated over Lehman Brothers

7y Kevin Reed, Writer
Ernst & Young US named in Lehman suit

Audit Ernst & Young US named in Lehman suit

8y Accountancy Age, Reporters