GSD: “Limited Accounts Published Online Of Government Companies Do Not Serve Transparency”
A statement from the GSD follows below:
The GSD has noted that the Government has placed online limited financial information in respect of some fifty five Government, Gibraltar Development Corporation (“GDC”) or Gibraltar Savings Bank controlled companies. The balance sheets, mostly draft and unaudited with no income statement, directors’ report or notes render the information of no value to the public nor provide any assurance.