Corporate DisclosureDESCO
DESCO Corporate Disclosure — 18 November 2019
Announcement summary
- What happened
- DESCO published a corporate disclosure on 18 November 2019. Read the full announcement for details.
- Company
- Dhaka Electric Supply Company Ltd.
- Announcement published
Original announcement
Qualified Opinion: In the year 2013 an amendment has been made in section-232 of Labor Law-2006. Due to the amendment DESCO requires to maintain Workers Profit Participation Fund (WPPF). The company approves the requirement in this year and makes provision for 2017-18 and 2018-19. But the company didn't make provision for the years 2013-14 to 2016-17 which we have calculated amounting Tk. 201,366,278. As a result, the company understates its liability by the same amount.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aceb25a6b00004005834b
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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