MIP’s financial statements for the year ended December 31, 2022 show negative equity of 12.9 million dinars, including a deficit for the year of 681 thousand dinars.
During the financial year 2022, the company achieved a turnover of only 800 dinars, compared to 141 thousand dinars in 2021.
According to the company’s auditor, this situation, combined with negative equity, indicates a significant uncertainty that may cast significant doubt on the company’s ability to continue as a going concern.
He added that in September 2021, the outgoing auditor referred the matter to the Court of First Instance and the Commission for the Monitoring of Companies in Difficulty, informing them of MIP’s difficulties, in particular its inability to pay its tax and social security debts and its debts to suppliers.
In addition, business has not picked up in 2022 and consequently the risk of business interruption appears to be significant and its impact on the accounts at December 31, 2022 has not been assessed, the auditor noted in his report.
