First Ship Lease Trust (FSL) believes it has enough money for operational needs despite its auditor warning of doubt over its ability to continue as a going concern.
Singapore accountant Moore Stephens said the 2016 net loss of $30.99m, plus year-end liabilities exceeding assets by $179m, "indicate the existence of a material uncertainty which may cast significant doubt on the ability of the group and the trust to continue as going concerns."
But
