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ACTIVEFINE

All Eps Dividend Board Agm Q1 Q2 Q3

ACTIVEFINE 11-Apr-2021

(Continuation news of ACTIVEFINE): During the year AFCL was unable for paid/transferred above fund to WPPF Bank Account due to frozen Company's Bank Account by DCT and banking hour was limited in the period of lockdown for COVID-19. So the Company keep as liability as on 30 June 2020 which will be transferred immediately. (end)

ACTIVEFINE 11-Apr-2021

(Continuation news of ACTIVEFINE): Our opinion is not modified in respect of these matters. NOTE: 22.01- The WPPF amount represents 5% of net profit before tax after charging the contribution as per provisions of the Companies Profit (Workers' Participation) Act-2006 and is payable to workers as defined in the said Act. (cont.5)

ACTIVEFINE 11-Apr-2021

(Continuation news of ACTIVEFINE): But the sponsors and directors of the Company hold only 12.04% shares which is violation of the said notification.? Emphasis of Matter: We draw attention to the note # 1.07(v), 2 and 22.01 to the financial statements regarding implementation of IFRS-16 for the first time, explanation of cash transactions and reason for non-transfer of Workers Profit Participation Fund (WPPF) to govt. exchequer. (cont.4)

ACTIVEFINE 11-Apr-2021

(Continuation news of ACTIVEFINE): 80(h) of IAS 12 "Income Taxes". Further, purchase of fixed assets during the year has been made in cash violating section 30(m) of Income Tax Ordinance 1984. ii. As per notification no. SEC/CMRRCD/2009-193/120/Admin of Bangladesh Security Exchange Commission dated December 07, 2011, "The Sponsors/promoters and directors of any listed company shall hold jointly minimum 30% shares". (cont.3)

ACTIVEFINE 11-Apr-2021

(Continuation news of ACTIVEFINE): under the caption "National Active Pharmaceutical Ingredients (API) & Laboratory Reagents Production and Export Policy" regarding tax exemption against which SRO from National Board of Revenue (NBR) is yet to be obtained. Moreover, the company has provided prior year excess tax Tk. 102,093,375 in the statement of changes in equity for the year ended June 30, 2019 which is not in line with para 4 of IAS 8, para 46, 80(b), (cont.2)

ACTIVEFINE 11-Apr-2021

The auditor of the Active Fine Chemicals Limited has given the "Qualified Opinion" & "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 30 June 2020. "Basis for Qualified Opinion: i. Provision for current income tax and deferred tax required as per para 12 & 15 of IAS 12 has not been made except for other income, as disclosed in note # 20, based on gazette No- 26.00.0000.100.42.008.17-54 dated 14-05-2018 by Commerce Ministry(cont.1)

ACTIVEFINE 01-Apr-2021

(Q2 Un-audited): EPS was Tk. 0.12 for October-December 2020 as against Tk. 0.32 for October-December 2019; EPS was Tk. 0.15 for July-December 2020 as against Tk. 0.77 for July-December, 2019. NOCFPS was Tk. 0.86 for July-December 2020 as against Tk. 2.05 for July-December, 2019. NAV per share was Tk. 21.99 as on December 31, 2020 and Tk. 21.85 as on June 30, 2020.

ACTIVEFINE 01-Apr-2021

(Q1 Un-audited): EPS was Tk. 0.03 for July-September 2020 as against Tk. 0.45 for July-September 2019; NOCFPS was Tk. 0.08 for July-September 2020 as against Tk. 2.30 for July-September 2019. NAV per share was Tk. 21.88 as on September 30, 2020 and Tk. 21.85 as on June 30, 2020.

ACTIVEFINE 01-Apr-2021

(Cont. of ACTIVEFINE): The company also informed that they shall immediately take necessary legal steps to obtain permission from the Honorable High Court Division of the Supreme Court of Bangladesh for holding the Annual General Meeting (AGM) for the year 2020. AGM and other related information including dividends, if any, shall be disclosed/published before holding of AGM for the year 2020.(end)

ACTIVEFINE 01-Apr-2021

The Company has informed that the Board of Directors has approved the Audited Financial Statements of the Company for the year ended June 30, 2020 and some key financial indicators. The Company has also reported EPS of Tk. (0.23), NAV per share of Tk. 21.85 and NOCFPS of Tk. 2.39 for the year ended on June 30, 2020 as against Tk. 2.97, Tk. 22.28 and Tk. 4.01 respectively for the same period of the previous year. (Cont.)

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