Pumpkin Patch accounts tagged over reliance on banker

Tue, 28 Oct 2014

By Suze Metherell Oct. 29 (BusinessDesk) - Pumpkin Patch's 2014 annual accounts were tagged by auditor PwC over the unprofitable childrenswear retailer's reliance on bank funding to continue trading as a going concern. The auditor's report is included in the Auckland-based company's annual report, which was filed to the stock exchange today, and shows the retailer renegotiated the terms of its banking arrangements with ANZ Bank New Zealand, which the board saw as "prudent to provide accommodation for potential adverse results arising from...

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