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AMANFEED

All Eps Dividend Board Agm Q1 Q2 Q3

AMANFEED 17-Feb-2021

As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on February 22, 2021 at 7:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.

AMANFEED 11-Feb-2021

(Q1 Un-audited): EPS was Tk. 0.89 for July-September 2020 as against Tk. 0.85 for July-September 2019; NOCFPS was Tk. 1.79 for July-September 2020 as against Tk. 0.96 for July-September 2019. NAV per share was Tk. 35.69 as on September 30, 2020 and Tk. 34.80 as on June 30, 2020.

AMANFEED 08-Feb-2021

As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on February 10, 2021 at 7:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2020.

AMANFEED 03-Feb-2021

(Continuation news of AMANFEED): these would have understated cost of sales resulting in an overstatement of net profit and total assets simultaneously in the financial statements. 6. The Bangladesh Labor (amended) act 2013 requires the company to contribute 5% of its net profit to WPPF. The management has ascertained the amount and made necessary provision without any payment. (end)

AMANFEED 03-Feb-2021

(Continuation news of AMANFEED): written down to their net realizable value for finished goods. At the reporting date, management valued closing stock of finished goods per Metric Ton at an average of Tk. 39,331 when net realizable value of finished goods were around on an average of Tk. 38,093 per Metric Ton. Consequently, (cont.9)

AMANFEED 03-Feb-2021

(Continuation news of AMANFEED): statements, the Company's inventories comprising finished goods of Tk. 105,845,025. Management has not stated finished goods at the lower of cost and net realizable value instead stated them solely at saleable value, which constitutes a departure from IAS 2 Inventories. The Company's records suggest that had management stated inventories at the lower of cost and net realizable value, an amount of Tk. 3,330,625 would have been required to be (cont.8)

AMANFEED 03-Feb-2021

(Continuation news of AMANFEED): statements, advances, deposits and prepayments includes inter-company current account balance of Tk. 317,506,858. The Company carried out transactions with related parties without obtaining necessary Consent from the Bangladesh Securities and Exchange Commission (BSEC) according to BSEC notification no-BSEC/CMRRCD/2009-132/2/Admin/103 Dated 5 February, 2020. 5. As presented in Note # 5 to the financial (cont.7)

AMANFEED 03-Feb-2021

(Continuation news of AMANFEED): uncertainty regarding their collectivity thus increasing the risk of default at the reporting date. The Company has not made any provision against the expected credit losses according to IFRS 9 Financial Instruments. Consequently, net profit and net assets reported in the statement of profit or loss and other comprehensive income and statement of financial position were overstated to that extent. 4. As disclosed in Note # 7.03 to the financial (cont.6)

AMANFEED 03-Feb-2021

(Continuation news of AMANFEED): supporting evidence against the said balances. 3.As disclosed in Note # 6 to the financial statements, trade and other receivables amounting to Tk. 2,770,656,345 were reported by the Company at the reporting date in the statement of financial position. Out of those balances, the amount of Tk. 294,358,191 there were balances as observed from the records of the Company which remained overdue for a long period of time raising significant (cont.5)

AMANFEED 03-Feb-2021

(Continuation news of AMANFEED): outstanding balances and amounts were not confirmed. We also referred to Note # 14 litigation against Aman Feed Limited filed by AB Bank Limited to recover outstanding balances. 2. As referred to Note # 7.0 in the financial statements, the Company recorded advances, deposits and prepayments of Tk. 1,577,710,076 which includes advance for store purchase of Tk. 1,242,006,302. During the audit, the Company did not provide complete set of (cont.4)

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