Corporate DisclosureALARABANK
ALARABANK Corporate Disclosure — 8 July 2020
Announcement summary
- What happened
- ALARABANK published a corporate disclosure on 8 July 2020. Read the full announcement for details.
- Company
- Al-Arafah Islami Bank PLC.
- Announcement published
Original announcement
(Continuation news of ALARABANK): regarding treatment of lease rent, depreciation on ROU assets and interest on lease liability for income tax purposes and applicability of VAT on such items. Finally, paragraph 5 of IFRS 16 provide the recognition exemptions to short-term leases and leases for which the underlying asset is of low value. Although, paragraphs B3 to B8 of the Application Guidance (cont.6)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b000040056bd2
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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