Corporate DisclosureWATACHEM
WATACHEM Corporate Disclosure — 1 November 2020
Announcement summary
- What happened
- WATACHEM published a corporate disclosure on 1 November 2020. Read the full announcement for details.
- Company
- Wata Chemicals Limited
- Announcement published
Original announcement
(Continuation news of WATACHEM): However, as per Para 55 of IAS 16, a company should not cease the depreciation when the assets become idle or is retired from active use unless the assets are fully depreciated. As a result, depreciation for the current year has been undercharged by Taka 7,476,851. 2. Reference to Note # 12 to the financial statements, the Company has revalued its Property, Plant and Equipment in 2008 but the amount of surplus between depreciation (cont.2)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b000040055814
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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