Corporate DisclosurePOWERGRID
POWERGRID Corporate Disclosure — 5 December 2018
Announcement summary
- What happened
- POWERGRID published a corporate disclosure on 5 December 2018. Read the full announcement for details.
- Company
- Power Grid Company of Bangladesh Ltd.
- Announcement published
Original announcement
(Continuation news of POWERGRID): PPE is 57.52% which remained unverified as to its quantity. Moreover, the Company has never performed impairment test of its PPE which is also a non-compliance with BAS 36 paragraph 9. 2. As disclosed in Note # 7, the Company has reported an amount of BDT 1,011,360,681.00 as inventories. There are 31 offices and we have visited 20 Grid Maintenance Division (GMD) offices involving inventories amounting to BDT 1,591,043,489 (cont. 3)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aced55a6b00004005afcd
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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