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COMPILER’S NOTE
Going Concern is one of the basic assumptions for preparation of financial statements. In case there are circumstances where the auditor believes that the continuation of the activities of the company on Going Concern basis is subject to certain events, industry status, business decisions, continued financial support, etc., he has to include a paragraph on ‘Material Uncertainty over Going Concern” (MUGC). Given below are few instances of large companies where the auditor has reported on MUGC for the year ended 31st March 2025 along with related disclosures in Notes to the financial statements and Directors’ Report
SPICEJET LIMITED
A. Independent Auditor’s Report on Audit of the Standalone Financial Statements
i. Material Uncertainty Related to Going Concern:
Para 5:
We draw attention to Note 2A(a)(iii) to the accompanying standalone financial statement which describes that the Company has earned a net profit (after other comprehensive income) of ₹477.66 million for the year ended March 31, 2025, and, as of that date, the Company’s accumulated losses amount to ₹77,648.13 million and the current liabilities have exceeded its current assets by ₹3
