TITASGAS Corporate Disclosure — 14 November 2013

(Continuation of News of TITASGAS): (2) Customer Security Deposit as on 30 June 2013 has been shown in the statement of financial position as BDT 7,660.66 million and as per zone ledgers the amount is BDT 7,778.40 million; results a difference of BDT 117.74 million as a consequence of error in recording customer ledger in some of the Dhaka Zonal Offices and cash deposit for connections despite of Govt. decision to stop further domestic connections in years between 2010-11 and 2011-12. TGTDCL failed to consider the economic event in accrual basis and understated the liability by the same amount as on 30 June 2013." (End)