NTC Corporate Disclosure — 28 October 2020

(Continuation news of NTC): which is resulting in overstatement of property, plant and equipment, profit for the year and cumulative retained earnings. Although the Company has made a provision for the lump sum amount of Taka 27,060,250 for depreciation on bearer plants on straight line basis this year, neither the life of such assets are clearly defined and recorded nor any adjustments with retained earnings for prior year depreciations are reflected in the financial (cont.3)