Qualified Opinion. (If there have been limitations on the scope of the examination and/or the error rates and cases of irregularity and the way they have been dealt with by the NAO calls for a qualified opinion but do not justify an unfavourable opinion for all the expenditure concerned) [Based on the examination referred to above covering the audit work carried out in accordance with Article 29(2)(b) IPA IR [and the additional work I have performed], it is my opinion that the accounts submitted to the Commission for the operations under the IPA component [1 to 5] for the period from (date) to (date) are presented fairly in all material respects - <including those pertaining to the legality and regularity of the underlying transactions>7 [and the internal control procedures have operated satisfactorily]3- except in the following respects:
Qualified Opinion. We report that the year’s loss, and consequently, the net asset position at the end of the years might have been affected by the following, the net impact of which cannot at the stage be ascertained: Non-provision/ ascertainment of liabilities for gratuity on actuarial basis from the year commencing from 1.04.1997 to 31.03.2007 in respect of one unit of the company as referred to in note 44 to the accounts. However, the said unit has been sold with effect from 1 May 2016 along with all its gratuity liability both past and future.* *Relates to erstwhile Anglo India Jute Xxxxx Company Limited.
Qualified Opinion. A qualified opinion should be expressed when the auditor concludes that an unqualified opinion cannot be expressed but that the effect of any disagreement with management, or limitation on scope is not so material and pervasive as to require an adverse opinion or a disclaimer of opinion. A qualified opinion should be expressed as being ‘except for’ the effects of the matter to which the qualification relates.
Qualified Opinion. The audit of the financial statements of the Kurunegala Plantations Limited for the year ended 31 December 2018 comprising the statement of financial position as at 31 December 2018 and the statement of comprehensive income, statement of changes in equity and cash flow statement for the year then ended, and notes to the financial statements, including a summary of significant accounting policies, was carried out under my direction in pursuance of provisions in Article 154(1) of the Constitution of the Democratic Socialist Republic of Sri Lanka read in conjunction with provisions of the National Audit Act No. 19 of 2018. My comments and observations which I consider should be report to Parliament appear in this report. In my opinion, except for the effects of the matters described in paragraph 1.5 of this report, the accompanying financial statements give a true and fair view of the financial position of the Company as at 31 December 2018, and of its financial performance and its cash flows for the year then ended in accordance with Sri Lanka Accounting Standards.
Qualified Opinion. The audit of the financial statements of the Land Reclamation and Development Company Limited (Company) and its subsidiary (Group) for the year ended 31 December 2020 comprising the statement of consolidated financial position as at 31 December 2020 and the statement of comprehensive income, statement of changes in equity and cash flow statement for the year then ended, and notes to the financial statements, including a summary of significant accounting policies, was carried out under my direction in pursuance of provisions in Article 154(1) of the Constitution of the Democratic Socialist Republic of Sri Lanka read in conjunction with provisions of the National Audit Act No. 19 of 2018. My comments and observations which I consider should be report to Parliament appear in this report. In my opinion, except for the effects of the matters described in paragraph 1.5 of this report, the accompanying financial statements give a true and fair view of the financial position of the Company as at 31 December 2020, and of its financial performance and its cash flows for the year then ended in accordance with Sri Lanka Accounting Standards.
Qualified Opinion. By Parent if the independent accountants of the Company who certify the audited financial statements of the Company for the fiscal year ended December 31, 2003 issue a qualified opinion.
Qualified Opinion. The auditor's opinion accompanying the audited financial statements provided by the Borrower pursuant to Section 6.7 shall contain any qualifications not acceptable to the Administrative Agent in its reasonable discretion.
Qualified Opinion. In our opinion, except for the possible effects on the statement of activities, net assets and cash flows of the matter discussed in the Basis of Qualified Opinion paragraph, the financial statements referred to in the first paragraph present fairly, in all material respects, the financial position of San Xxxx Clinic as of December 31, 2020, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America. Houston, Texas June 16, 2021 SAN XXXX CLINIC STATEMENTS OF FINANCIAL POSITION DECEMBER 31, 2020 AND 2019 Assets 2020 2019 Current assets: Cash and cash equivalents $ 478,930 $ 462,814 Short-term investments (Notes 3 and 7) 697,240 394,780 United Way pledge receivable (Note 5) 585,801 690,250 Pledges receivable, current portion (Note 5) 588,791 666,501 Other receivables 46,895 29,405 Pharmaceutical inventory (Note 2) 895,188 2,687,252 Prepaid expenses 6,550 9,959 Pledges receivable, net of current portion (Note 5) 14,188 233,229 Property and equipment, net (Note 6) 484,273 505,636 Long-term investments (Notes 4 and 7) 80,390 73,491 Total assets $ 3,878,246 $ 5,753,317 Total current assets 3,299,395 4,940,961 Non-current assets: Liabilities and Net Assets Current liabilities: Accounts payable $ 88,499 $ 105,476 Accrued expenses (Note 8) 164,426 130,301 Total current liabilties 252,925 235,777 Non-current liabilities: Paycheck Protection Program loan (Note 12) 560,300 - Total liabilities 813,225 235,777 Net assets: Without donor restrictions 1,368,243 3,454,684 With donor restrictions (Note 14) 1,696,778 2,062,856 Total net assets 3,065,021 5,517,540 Total liabilities and net assets $ 3,878,246 $ 5,753,317 See accompanying notes to financial statements. SAN XXXX CLINIC STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS YEARS ENDED DECEMBER 31, 2020 AND 2019 2020 2019 Without Donor With Donor Without Donor With Donor Restrictions Restrictions Total Restrictions Restrictions Total Public support and revenue: Contributions from United Way $ - $ 585,803 $ 585,803 $ - $ 690,252 $ 690,252 Other public support 1,430,556 903,267 2,333,823 808,071 2,114,675 $ 2,922,746 Contributions in-kind 5,056,387 - 5,056,387 6,836,161 - 6,836,161 Investment income 6,409 - 6,409 13,166 - 13,166 Program service contributions 492,379 - 492,379 839,095 - 839,095 Other income 8,979 - 8,979 6,413 - 6,413 Net assets released from restrictions (Note 15) 1,855,148 (1,855,148) - 2,101,8...
Qualified Opinion. In our opinion, except for the matter discussed in the Basis of Qualified Opinion paragraph, the financial statements referred to in the first paragraph present fairly, in all material respects, the financial position of San Xxxx Clinic as of December 31, 2019, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America. Updated Opinion on Prior Year Financial Statements In our report dated August 21, 2019, we expressed an opinion that the 2018 financial statements were fairly stated in all material respects and the financial position, statements of activities and changes in net assets, functional expenses and cash flows were in conformity with accounting principles generally accepted in the United States of America. As described in Note 19 to the financial statements, the Clinic restated its 2018 financial statements to include an inventory balance that existed but was not previously reported. We did not observe the inventory at December 31, 2018 and were unable to obtain sufficient appropriate audit evidence about inventory quantities by other auditing procedures. Accordingly, our present opinion on the 2018 financial statements, as presented herein, is qualified which is different from that expressed in our previous report. Houston, Texas June 26, 2020 SAN XXXX CLINIC STATEMENTS OF FINANCIAL POSITION DECEMBER 31, 2019 AND 2018 Restated Assets 2019 2018 Current assets: Cash and cash equivalents $ 462,814 $ 657,715 Short-term investments (Notes 3 and 7) 394,780 471,522 United Way pledge receivable (Note 5) 690,250 726,572 Pledges receivable, current portion (Note 5) 666,501 365,260 Other receivables 29,405 22,766 Pharmaceutical inventory (Note 1) 2,687,252 2,027,140 Prepaid expenses 9,959 24,098 Pledges receivable, net of current portion (Note 5) 233,229 25,200 Property and equipment, net (Note 6) 505,636 120,168 Long-term investments (Notes 4 and 7) 73,491 68,659 Total assets $ 5,753,317 $ 4,509,100 Total current assets 4,940,961 4,295,073 Non-current assets: Liabilities and Net Assets Current liabilities: Accounts payable $ 105,476 $ 18,585 Accrued expenses (Note 8) 130,301 123,149 Total liabilities 235,777 141,734 Net assets: Without donor restrictions 3,454,684 3,007,622 With donor restrictions (Note 13) 2,062,856 1,359,744 Total net assets 5,517,540 4,367,366 Total liabilities and net assets $ 5,753,317 $ 4,509,100 See accompanying notes to f...
