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): understatement of capital work-in-progress. 4. In note # 7 to the financial statements, the Company disclosed BDT 2,069,593,343 as inventories. Movement of inventories was not properly recorded, and mismatches were found between store ledger and accounts ledger balances at the cost centers we visited. During our visit to 10 GMDs, we observed that the physical store statement showed the inventory of (cont.10)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b0000400552c7
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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