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): with such a rental agreement being classified as operating lease would have been considered as an off-balance sheet item. However, IFRS 16 does not require a lease classification test and hence all leases shall be accounted for as on balance sheet item (except some limited exception i.e. short-term lease, leases for low value items). Under IFRS 16, an entity shall be (cont.3)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b000040056bd5
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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