Corporate DisclosureNTC
NTC Corporate Disclosure — 28 October 2020
Announcement summary
- What happened
- NTC published a corporate disclosure on 28 October 2020. Read the full announcement for details.
- Company
- National Tea Company Ltd.
- Announcement published
Original announcement
(Continuation news of NTC): drawn basic pay multiplied by number of service years as per the Company's policy. However, according to the Paragraph 67 of IAS 19: 'Employee benefits' "an entity shall use the projected unit credit method to determine the present value of its defined benefit obligations and the related current service cost and, where applicable, past service cost". The Company has not performed any actuarial valuation that is a noncompliance as per IAS 19. (cont.7)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b000040055a1c
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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