Corporate DisclosureFASFIN
FASFIN Corporate Disclosure — 9 December 2020
Announcement summary
- What happened
- FASFIN published a corporate disclosure on 9 December 2020. Read the full announcement for details.
- Company
- FAS Finance & Investment Limited
- Announcement published
Original announcement
(Continuation news of FASFIN): We draw your attention to the policy note no. 1(f) where it has been disclosed by company that they record their investment in shares at cost and provision is made for the diminishing in value of investment which is a common local practice in Bangladesh for all banks and merchant bank. Although IFRS 9: Financial Instrument requires the investment to be presented at market value after adjusting provision for diminution losses.(end)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b000040054ebb
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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