Corporate DisclosureFEDERALINS

FEDERALINS Corporate Disclosure — 15 September 2020

Published
Last verified by BullBD

Announcement summary

What happened
FEDERALINS published a corporate disclosure on 15 September 2020. Read the full announcement for details.
Company
Federal Insurance PLC
Announcement published

Original announcement

(Continuation news of FEDERALINS): for this expected credit loss in forthcoming years. Note- 7.00 Gratuity: Balance of Gratuity was Tk. 1,000,000.00 as at 31 December 2019 and was Tk. 0 as at 31 December 2018. Estimated liability for Gratuity is amounting to Tk. 61,916,900 but the company made past service cost for defined employees benefit obligation (gratuity) Tk. 1,000,000 during the year. Rest of the provision Tk. 60,916,900 will be made in forthcoming years. (cont. 8)

Source & verification

Source
Published company disclosure
Published through
Dhaka Stock Exchange
Announcement ID
616ace8c5a6b000040056236
Original publication
Last verified by BullBD
Translation
BullBD
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