Companies past the legal deficit cap — The Audit

Companies past the legal deficit cap 2025 report · periods as printed

Company observations classified by the Board as exceeding the legally permitted accumulated-deficit share of capital. Figures in IQD millions. Ur is printed as 363%, while deficit 215,733 divided by capital 46,554 is 463.4%; the displayed percentage is source-reported and inconsistent with those source amounts. No numerical legal threshold is supplied in this table.

Ranked · Of capital · per cent

Mosul Dam Tourist City Co has accumulated losses of 1,221% of its capital.

Mosul Dam Tourist City CoMixed-sector1,221%

Ur General CompanyMinistry of Industry363%

Al-Hilal Industrial CoMixed-sector287%

National Metal Industries & Bicycles CoMixed-sector248%

Al-Sadeer Hotel CoMixed-sector190%

Ishtar Hotels CoMixed-sector84%

Iraqi Engineering Works CoMixed-sector46%

100% — losses equal the entire capital

Under the ministry or sector it belongs to	Company the audited company	Accumulated losses the deficit carried on the books	Capital the company’s capital	Of capital 100% means the losses have consumed the entire capital	Report the Board’s report number	Dated report date	Ref where in the report the observation sits
Mixed-sectorمختلط	Mosul Dam Tourist City Coشركة المدينة السياحية في سد الموصل(مساهمة مختلطة)	2,931	240	1,221%	9275	2025/4/9	(4-أ/ثانيا)
Ministry of Industryوزارة الصناعة	Ur General Companyشركة اور العامة	215,733	46,554	363%	9281

FEDERAL BOARD OF SUPREME AUDIT · ANNUAL REPORT 2025 · Annex page 27 · UNIT IQD mn · CSV ↓

Reading the columns

Under: the ministry or sector it belongs to
Company: the audited company
Accumulated losses: the deficit carried on the books
Capital: the company’s capital
Of capital: 100% means the losses have consumed the entire capital
Report: the Board’s report number
Dated: report date
Ref: where in the report the observation sits

Originally transcribed in two passes and compared cell by cell; printed totals were checked where available. Agreement between passes does not guarantee a correct reading. Source review has corrected transcription errors; unresolved readings remain marked. The 2025 report includes earlier financial years and dated observations, not a current account of every institution. English names are the desk’s renderings; the Arabic is authoritative. Dollar equivalents are illustrative at a fixed IQD 1,500/$ reference (CBI purchases from the Finance Ministry under Cabinet Resolution 544, effective 7 October 2026; 1,300 before that date). This is not the historical exchange rate for the audited fiscal year, a market quote, or the rate offered to bank customers. Download the CSV · All tables

Source: the 713-page report copy used for these tables · FBSA annual-report archive ↗. The archived copy is identified by SHA-256 d73671625d4f… . On 5 October 2026, the official archive required a security check, so a fresh copy could not be compared with this registered edition. References open this edition at the PDF page; annex numbering restarts at 1. The illustrative conversion reference is documented in the CBI circular of 8 February 2023.