Corporate DisclosureWATACHEM
WATACHEM Corporate Disclosure — 19 November 2019
Announcement summary
- What happened
- WATACHEM published a corporate disclosure on 19 November 2019. Read the full announcement for details.
- Company
- Wata Chemicals Limited
- Announcement published
Original announcement
Qualified Opinion: 1. No depreciation was charged on LABSA plant and BCP plant. The management reported that these plants are not in use since 2008. According to IAS 16 (paragraph 55), a company should not cease the depreciation when the assets become idle or is retired from active use unless the asset is fully depreciated. As a result, depreciation was undercharged by Tk. 8,307,613 for this year. (cont.1)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aceb25a6b0000400582f8
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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