The AGN Refrains from Commenting On the Financial Statements of the National System of Public Media
<p style="text-align: justify;">When analyzing the numbers being dissolved in December 2009 by the Media Act, the watchdog found "limitations" and "uncertainties" such as credits uncollected of two cable companies for more than $ 12 million. By failing to earn income appropriate to their activity, the Company received transfers from the government for $ 446 million.</p>
According to the General Audit Office (AGN), could not build an opinion on the financial statements of the National System of Public Media State Society (dissolved from the Law on Audiovisual Communication Services in December 2009), because of “limitations "and" uncertainties "that arose from the work of overseers.
First, the audit noted the lack of security on the "integrity" and "veracity of the amounts and breakdown of balances disclosed -in its significant accounting books and whether they represent operations that should exist" in relation to the "funds fixed, advertising sales receivables, fixed assets, asset, as well as the debts with suppliers "Business Unit Radio Nacional. This is mainly due to the "lack of control and lack of integrated circuits registration".
Meanwhile the auditors encountered different situations that generated them uncertainty and supporting the disclaimer of opinion, such as: "I still had not formalized the transfer of assets and liabilities of ATC SA National Public Media System" and in fact, "fixed assets from the liquidation or accrued liabilities are not recorded."
In turn, the work of the AGN explains that Decree 94/01 creating the National System of Public Media and dissolves ATC SA and TELAM, transferring the Official Broadcasting Service to its orbit, "does not explain the willingness to give Availability, Credit and Investment ATC, but were used by the System of Public Media." Also, it adds, "they were paid liabilities and charged credits that did not correspond to society".
The report was approved this year and discussed the "irregular exercise started in January 2009 and ended in December 2009, when they ended the activities of the system because of its dissolution in accordance with the provisions of the Law on Audiovisual Communication Services.”
The National System of Public Media says the AGN, "is in conflict with Cablevision S.A. and Multicanal SA for a credit balance of $ 3,983,986 System (which is provisioned) for billing for the years 2001 to 2003 ". While there was a mandatory conciliation, this instance failed. In addition, "it maintains loans with these companies not been set because of the turnover of the years 2004 to 2009 for a total of $ 8,359,846 with total loans amounting to, $12,343,833." At the date of the report, they had not collected these values.
Finally, the report indicates that the company "did not obtain sufficient operating income of their activity" and that "it received transfers from the National Public Sector to finance current expenditures because of $ 446,266,491."