Corporate DisclosurePOWERGRID
POWERGRID Corporate Disclosure — 18 November 2020
Announcement summary
- What happened
- POWERGRID published a corporate disclosure on 18 November 2020. Read the full announcement for details.
- Company
- Power Grid Company of Bangladesh Ltd.
- Announcement published
Original announcement
(Continuation news of POWERGRID): a period of time in exchange for consideration similar to leases. Also, the rental tenures for the offices are more than 12 months and the underlying assets are not of low value. As such these rentals should have been recognized and measured in the financial statements as lease liabilities and right-of-use assets as per IFRS-16 Leases. But the IFRS 16 was not followed while preparing the financial statements. (end)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b0000400552b8
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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