Corporate DisclosurePOWERGRID
POWERGRID Corporate Disclosure — 18 February 2018
Announcement summary
- What happened
- POWERGRID published a corporate disclosure on 18 February 2018. Read the full announcement for details.
- Company
- Power Grid Company of Bangladesh Ltd.
- Announcement published
Original announcement
(Continuation news of POWERGRID): the period under audit, as we are unable to confirm the authenticity of the physical existence of PPE as of 30 June 2017. This item represents 71.74% of total assets 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 the BAS 36 Paragraph 9. 2. As disclosed in Note # 7, the Company has reported an amount of BDT 807,347,816 as inventories. (Cont. 3)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acef05a6b00004005d52e
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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