Corporate DisclosureFINEFOODS

FINEFOODS Corporate Disclosure — 21 November 2019

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Last verified by BullBD

Announcement summary

What happened
FINEFOODS published a corporate disclosure on 21 November 2019. Read the full announcement for details.
Company
Fine Foods Limited
Announcement published

Original announcement

Qualified Opinion: 1. As disclosed in the note 5.00 of the financial statements regarding Capital Stock of Tk. 10, 478,734. The amount includes plantation and livestock. As per IAS 41 the following falls under Biological Asset. Biological Assets within the scope of IAS 41 are measured on initial recognition and at subsequent reporting dates at Fair value less estimated cost to sell. The company have been valuing the asset at Historical cost which is a direct noncompliance with IAS 41. (Cont. 1)

Source & verification

Source
Published company disclosure
Published through
Dhaka Stock Exchange
Announcement ID
616aceb25a6b000040058218
Original publication
Last verified by BullBD
Translation
BullBD
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