THE Auditor General’s report on Parastatal Bodies for the financial year ended December 31, 2024, has revealed that Zambia Railways Limited (ZRL) recorded total losses of K651,093,310, which include a loss of K495,386,704 in 2023 and K155,707,206 in 2024. The report has also disclosed that the government-owned company recorded operating losses totalling K315.4 million over the 2023 and 2024 period. According to the report, ZRL had accumulated losses in the Statement of Financial Position amounting to K1,603,502,179, while its current liabilities exceeded its current assets by K1,178,732,518 in 2023 and K1,170,398,003 in 2024.
The report further revealed that ZRL recorded negative working capital during the period under review, an indication that the company was failing to meet its short-term obligations…. Do you agree that child defilers should be castrated?
