The company told the inquiry that no commercial lender would support such a loss-making business and it would be forced into liquidation. |
If it is probable that a project will be loss-making, that loss is expensed immediately. |
A portion of these provisions was reversed in 2005 as a result of the loss-making position of certain entities making up the tax group. |
It also said the discrepancy in joint-venture income was due to loss-making joint ventures. |
The loss-making biotechnology industry is another example, with companies looking at consolidation to cut costs. |
Pointing up the severity of the challenge the aviation industry is currently facing, he said that at this moment, some routes were loss-making. |