Corporate DisclosureFEDERALINS
FEDERALINS Corporate Disclosure — 15 September 2020
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): Balance of Outstanding Premium up to 2018 was Tk. 0; Balance of Outstanding Premium as at 31 December 2019 was Tk. 32,890,022.00. No amount has subsequently been realized till March 30, 2020 and recoverability of this amount is doubtful. Hence the loss allowance for expected credit losses for the year for expected credit loss amounting Tk. 300,000 in this regard and the balance amount of Tk. 32,890,022 carried forward for the future loss allowance. (cont. 4)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b00004005623a
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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