Corporate DisclosurePRIMELIFE
PRIMELIFE Corporate Disclosure — 4 October 2020
Announcement summary
- What happened
- PRIMELIFE published a corporate disclosure on 4 October 2020. Read the full announcement for details.
- Company
- Prime Islami Life Insurance Ltd.
- Announcement published
Original announcement
(Continuation news of PRIMELIFE): However, the management of the company opted not to adopt the new standard in the current financial year leading to understatement of Assets and Liabilities. In addition to above, the Company has not recognized the leases of Right-of-Use (RoU) Assets and its depreciation. Finally, the Company has not transferred Lease Liabilities at Net Present Value from office rent expense, interest expense on lease liabilities, total cash outflow (cont. 11)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b000040055fc1
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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