4465/’13
Hon. Anura Dissanayaka,— To ask the Minister of Civil Aviation,—
(a) Will he inform this House—
(i) of the net loss of Mihin Lanka (Pvt) Limited in the year 2010/2011;
(ii) whether an opining has been expressed on the existence of Mihin Lanka (Pvt) Limited by Price Waterhouse Coopers, chartered accountants firm which conducted the audit of the said year;
(iii) if so, whether it has been mentioned in the opinion that “The company had incurred a net loss of Rs. 940.49 million for the year and the company’s current liabilities exceeded its current assets by Rs. 1,083.92 million reflecting a negative net value of Rs. 3,814.45 million which indicated the existence of a material uncertainty which may cast significant doubt about the ability of the company to continue as a going concern,”;
(iv) under these circumstances, whether the government admits that it is no longer productive to channel public funds for the maintenance of Mihin Lanka (Pvt) Limited?
(b) If not, why?
Asked Date
2014-08-21
Asked by
Hon. Anura Dissanayaka, M.P.
Ministry
Ports, Shipping and Aviation
Legislature
Seventh Parliament of the D.S.R. of Sri Lanka
Session
1
Mihin Lanka - Massive Losses and Audit conclusion
Answered Date
2015-02-18
Answered by
Hon. Arjuna Ranatunga, M.P.
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