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Abterra auditors highlight concerns

It issues qualified opinion on group's financial statement

Singapore

AUDITORS of Abterra Ltd have issued a qualified opinion on the financial statement of the minerals and resources group for fiscal 2015 while flagging material differences between the audited and unaudited accounts.

Mazars Ltd said that it could not ascertain "the appropriateness of the carrying amount" of certain deposit receivable.

The key issue lies in the S$43.52 million (net of accumulated impairment loss of S$37 million) that was included in the receivables of the group as at Dec 31,...

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