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financial-statement
2015ECConsolidated Financial Statements, 7 July 2023 (2015 E.C.)
Ethiopian Construction Works CorporationDisclosure summary
Consolidated IFRS financial statements of Ethiopian Construction Works Corporation for the year ended 7 July 2023, on which the Audit Services Corporation issued a qualified opinion dated 6 November 2024. The qualification covers an un-reconciled difference of ETB 144.22M between head office and project records, ETB 3.26bn of trade receivables outstanding for more than a year without adequate expected credit loss provision, and long-outstanding creditor balances of over ETB 2.59bn. The statements also record the transfer of an ETB 18.81bn long-term loan to the Liability and Asset Management Corporation, which reduced total assets from ETB 33.32bn to ETB 21.86bn.
Disclosure details
- Institution
- Ethiopian Construction Works Corporation
- Type
- financial-statement
- Fiscal year
- 2015EC
- Published
- Language
- English
- Pages
- 60
- File size
- 18.1 MB
- Source checked