Ann: Results of Meeting, page-196

You need to learn what that term "going concern" means. A "going concern" is a fundamental accounting principle insofar that all entities are assumed to be a going concern unless there are factors that cast doubt on that assumption. To put it simply: heading towards the "no longer a going concern" territory is where other accounting terms such as "bankruptcy", "insolvency", and "liquidation" start being used. I suggest you look those up as well.

Note 2 of the annual report states that:

"The above conditions represent a material uncertainty that may cast significant doubt about the ability of the
Company to continue as a going concern. Should the Company be unable to continue as a going concern it may
be required to realise its assets and extinguish its liabilities other than in the normal course of business and at
amounts different to those stated in the financial statements. The financial statements do not include any
adjustments relating to the recoverability and classification of asset carrying amounts or to the amount and
classification of liabilities that might result should the Company be unable to continue as a going concern and
meet its debts as and when they fall due."

You should really read Notes 2 and 26 of the report to see some of the reasons why the auditor has included these statements in the report. CLZ has had a total comprehensive loss of circa $29,000,000 over the last 2 financial years. They owe multiple creditors millions of dollars and have defaulted (or renegotiated the terms) on a number of these loans (see Note 26). I understand why the auditor may have significant doubt that CLZ as an entity can continue as a going concern. I sure as hell do too.