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The going concern assumption means that a company is able to continue its normal business operations and meet its obligations when they fall due. In practice, this is not merely a disclosure in the financial statements but an everyday risk-management question for management: does the company have a realistic plan, sufficient cash flow, and access to financing even if the economic environment deteriorates?

Year-end is the time when the management of every company must ensure that the company’s equity complies with the minimum net asset requirements set out in the Commercial Code.

Grant Thornton Baltic audited the acquisition report prepared by Eesti Energia AS, the main shareholder of Enefit Green AS, for the acquisition of shares belonging to minority shareholders.

Grant Thornton Baltic’s Estonian audit team received the best possible rating – green level – in the Auditing Activities Oversight Board’s (AJN) regular quality control inspection.

The auditors of Grant Thornton Baltic audited the 2020 IFRS annual report of the public interest entity UPP Olaines OÜ consolidation group.