PKF issued an audit report to CI Com for the financial year ending December 31, 2023 attesting to the impossibility of verification, Ci Com reports.
The holding company listed on the Swiss Stock Exchange Ci Com cannot be controlled, says its auditing body PKF Certifica. He will not stand for re-election at the next general meeting of the company.
PKF issued an audit report to CI Com for the financial year ending December 31, 2023 attesting to the impossibility of verification, Ci Com said in a press release published on Monday.
She considers that the financial company did not provide “sufficient and appropriate supporting evidence to verify the amount recorded in the balance sheet of the financial asset in Zenessa SA, Luxembourg, recorded in the annual accounts with an amount of 690,722 francs, which represents approximately 23% of the company’s total assets.
Ci Com’s board of directors does not share PKF’s opinion and considers, on the contrary, “to have obtained and provided all the necessary documentation”, adds the firm.
At the end of April, Ci Com obtained from the operator of the Swiss Stock Exchange SIX Swiss Exchange an extension of the deadline for publishing its management report to May 31. She had argued that additional verifications by PKF were necessary to evaluate its holdings in the companies Zenessa and Alliance Développement Capital SIIC.
Ci Com closed 2023 with a net loss of 1.8 million francs, after a loss of 0.2 million in 2022, according to its annual report published last Thursday. The higher loss is explained by allocations to reserves for financial investments.
