(Corrects to read billion not million, and dollar figure conversion, in paragraph 2)
MOSCOW, Feb 12 (Reuters) - Russia’s top automaker, Avtovaz , said on Friday it would ask shareholders for financing help after a record 2015 loss and an audit that revealed its frail finances.
Auditors EY said Avtovaz’s liabilities exceeded its assets by 67.78 billion roubles ($855.73 million).
“These conditions, along with other matters...indicate the existence of a material uncertainty which may cast significant doubt on JSC Avtovaz and its subsidiaries’ ability to continue as a going concern,” EY said.
The maker of Lada cars, majority-owned by the Renault-Nissan alliance, said management was confident it could secure help from shareholders “at a level required to finance its operations in the foreseeable future.”
$1 = 79.2075 roubles Reporting by Anton Zverev and Andrew Osborn; editing by Jason Neely