Cumbrian nuclear backer results 'to be signed off'

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Role: Satoshi Tsunakwa, Toshiba's president
Role: Satoshi Tsunakwa, Toshiba's president
9 August 2017 5:54PM

Cumbrian new nuclear backer Toshiba is set to have long-awaited results signed off by its auditor, with criticisms, according to new reports.

The Japanese giant owns NuGen, which has plans for a £10bn power plant in Moorside, near Sellafield.

It was due to publish results in February but these have been delayed with multiple deadlines missed. Unaudited accounts have forecast a £6.5bn loss.

Toshiba's woes stem from part of its nuclear operations.

In January the company announced its US subsidiary, Westinghouse Electric, which was originally part of BNFL, may have overpaid - by several billion dollars - for another nuclear construction and services business.

Japan's Nikkei publication has said that auditors PwC Aarata will sign off the accounts with an adverse opinion on the company's internal governance expressed.

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