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ACTIVEFINE

All Eps Dividend Board Agm Q1 Q2 Q3

ACTIVEFINE 18-Dec-2019

(Continuation news of ACTIVEFINE): Emphasis Matter: Without qualifying our opinion, we draw attention to the following issues: (a) As Per Notification No. SEC/CMRRCD/2009-193/120/Admin of Bangladesh Securities and Exchange Commission dated December 07, 2011, "The sponsors/promoters and directors of any listed company shall hold jointly minimum 30% shares". (cont.6)

ACTIVEFINE 18-Dec-2019

(Continuation news of ACTIVEFINE): gazette no. 26.00.0000.100.42.008.17-54 dated 14.05.2018 circulated by Commerce Ministry under the captioned "National Active Pharmaceutical Ingredients (API) & Laboratory Reagents Production and Export Policy" regarding corporate tax holiday against which SRO from National Board of Revenue (NBR) is yet to be obtained. Therefore, no required Current tax except tax on Other Income has been accounted for as needed as per Para- 12 of IAS-12. (cont.5)

ACTIVEFINE 18-Dec-2019

(Continuation news of ACTIVEFINE): corporate tax holiday against which SRO from National Board of Revenue (NBR) is yet to be obtained. Therefore, no required deferred tax has been accounted for as needed as per Para- 15 of IAS- 12. Note 17.00: Balance of Provision for Current Tax as on 30.06.2019 was TK. 343,915,277 and as on 30.06.2018 was TK. 241,052,045. The company has got corporate tax holiday for the periods from 2016-2017 to 2031-2032 vide (cont.4)

ACTIVEFINE 18-Dec-2019

(Continuation news of ACTIVEFINE): Note 13.00: Balance of Deferred Tax Liability as on 30.06.2019 was TK. 64,699,780 and as on 30.06.2018 was TK. 64,699,780. The company has got corporate tax holiday for the periods from 2016-2017 to 2031-2032 vide gazette no. 26.00.0000.100.42.008.17-54 dated 14.05.2018 circulated by Commerce Ministry under the captioned "National Active Pharmaceutical Ingredients (API) & Laboratory Reagents Production and Export Policy" regarding (cont.3)

ACTIVEFINE 18-Dec-2019

(Continuation news of ACTIVEFINE): against which SRO was not yet enacted by National Board of Revenue (NBR), which leads to increase of Net Profit after Tax and Earning Per Share. Moreover, the company has provided prior year excess tax Tk. 102,093,375 in the statement of changes in equity for the year ended 30 June, 2019 which is not in the line with Paragraph 4 IAS 8, Paragraph 46, 80 (b), 80 (h) of IAS 12 "Income Taxes". (cont.2)

ACTIVEFINE 18-Dec-2019

Qualified Opinion: Provision for "current tax and deferred tax" required as per Para - 12 & 15 of IAS - 12 as disclosed in the notes no. 13.00 & 17.00 of notes to the financial statements has not been recognized except other income based on gazette no. 26.00.0000.100.42.008.17-54 dated 14.05.2018 circulated by Commerce Ministry under the captioned "National Active Pharmaceutical Ingredients (API) & Laboratory Reagents Production and Export Policy" in regard to corporate tax holiday (cont.1)

ACTIVEFINE 18-Dec-2019

Trading of the shares of the Company will remain suspended on record date i.e., 19.12.2019.

ACTIVEFINE 15-Dec-2019

Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 17.12.2019 to 18.12.2019. Trading of the shares of the Company will remain suspended on record date i.e., 19.12.2019.

ACTIVEFINE 15-Dec-2019

Referring to their earlier news disseminated on 01.12.2019 regarding Dividend Declaration, the Company has further informed that in draft copy of Accounts mistake was happened unintentionally due to add back of prior years? tax provision amount of Tk. 102,093,375.00 in the current liability, the net has decreased to Tk. 5,346,525,397.00 from Tk. 5,448,618,771.00. As a result, the NAV (Net Assets Value) per share has fall down to 22.28 from 22.71 for the year ended June 30, 2019.

ACTIVEFINE 15-Dec-2019

(Q1 Un-audited): EPS was Tk. 0.45 for July-September 2019 as against Tk. 0.75 for July-September 2018; NOCFPS was Tk. 2.30 for July-September 2019 as against Tk. 1.49 for July-September 2018. NAV per share was Tk. 22.74 as on September 30, 2019 and Tk. 22.28 as on June 30, 2019.

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