Atif Bina Sdn Bhd (ABSB) is a large construction company operated in Port Klang. Abdullah & Co have been appointed as company auditor since 2018. During the audit for the year ended 31 December 2020, you were informed by the Chief Executive Officer (CEO) that the company has recently lost a major government contract. As the audit manager in charge, you are aware that ABSB's projections include a major share of the work from this contract. The company has been experiencing some cash flow difficulties. Management has extended their bank credit facility in order to pay daily expenses. You're concerned that the company may be facing going concern problem, but the CEO claimed that they are planning to cut back future capital expenditure to mitigate the going concern issues.

Required:

i. State FOUR (4) financial indicators that may rise doubt on an ABSB's ability to continue as going concern.

ii. Explain THREE (3) possible mitigating factors that might help ABSB from bankruptcy