State TV, National Communica-tions Network (NCN) registered a profit of $75.9M for 2011 mainly on the back of its government subvention of $70M but its annual accounts for that year earned a qualified opinion over a whopping $913m in non-current assets which could not be verified.
NCN has come under intense scrutiny in the past two years from the opposition because of what is seen to be its unfair coverage and had subventions for the years 2012 and 2013 chopped.
It has however still continued to operate in an unchanged manner. The state broadcaster also came under close examination over payments made to it by the Guyana Telephone and Telegraph Company (GT&T) for its jingle contest in September 2011, some of which allegedly ended up in the private account of its
