Why wouldn't Biman calculate its liabilities in the financial statements?

Why wouldn't Biman calculate its liabilities in the financial statements?

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According to relevant sources, Biman Bangladesh Airlines operates flights to 23 international and eight domestic destinations. The basic function of an aircraft is to carry passengers and cargo. Biman also has some services outside it. This includes ground handling and cargo handling at Hazrat Shahjalal International Airport, Biman Flight Catering Center (BFCC), Biman Poultry Complex (BPC) etc. These airlines are not direct businesses of the company, but Biman has used these areas to show that it is making profits.

Of the operating income, ground handling service income totaled approximately Taka 12.08 billion. The report said more than Tk 38.65 billion in surcharges and other charges (VAT and taxes) owed to the Civil Aviation Authority of Bangladesh for 2022-23 was not shown as Biman's liability. If liabilities are calculated then the national flag carrier will record a loss instead of a profit.

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