Corporate DisclosurePROGRESLIF
PROGRESLIF Corporate Disclosure — 17 February 2020
Announcement summary
- What happened
- PROGRESLIF published a corporate disclosure on 17 February 2020. Read the full announcement for details.
- Company
- Progressive Life Insurance Co. Ltd.
- Announcement published
Original announcement
Qualified Opinion: 1. As explained in note 14.03 of the financial statements, PLICL has 51% shareholding in its subsidiary company namely Galaxy Capital Ltd. and the investment in shares of this company was Taka 30,855,000. According to IFRS 10, para 04: "Consolidated Financial Statements", the subsidiary should have been consolidated because it is controlled by PLICL. PLICL has not consolidated the financial statements of subsidiary (Galaxy Capital Ltd.) (cont. 1)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aceb25a6b0000400576be
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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