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): a finite life and must be depreciated under IAS 16 Paragraph 6. However, the Company does not have any policy to value such asset either at cost or revaluation model as per IFRS requirement and depreciate accordingly over the asset's useful life. As a result, since the asset is gradually losing its finite life and ability to generate cash flow in the future, the financial statements are not reflecting the outcome of appropriate valuation and required depreciation (cont.2)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b000040055a21
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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