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APEXSPINN

All Eps Dividend Board Agm Q1 Q2 Q3

APEXSPINN 01-Nov-2021

(Continuation news of APEXSPINN): the amount of Tk. 1,025,940/- has been transferred to retained earnings. The effect due to this restatement in opening balance of comparative financial statements is material, third statement of financial position has been disclosed according to Para 40A of IAS 1. Note No. 16, Other Receivable Tk. 6,026,937 for the year 2019-20, Tk. 7,350,730 for the year 2019-20 (restated), Amounts of items that is reclassified Tk. 1,323,793. (cont.5)

APEXSPINN 01-Nov-2021

(Continuation news of APEXSPINN): Deferred Tax Liabilities (note 24e) and Retained Earnings as on July 01, 2019 has been restated. Upon such restatement amount of Tk. 1,323,793/- has been recognized in the opening PF lapse receivables and tax at 22.50 percent of such forfeited amount of Tk. 297,853/- has been accounted for in the opening balance of deferred tax liabilities as at July 01, 2019. Accordingly, (cont.4)

APEXSPINN 01-Nov-2021

(Continuation news of APEXSPINN): accordingly. As such, lapse amount for the year 2020-2021 has been recorded as income for the year 2020-2021 and lapse amount of 2015-2016 has been restated the Financial Position as on 30.06.2019 as prior period income as per PF policy. 41. DISCLOSURE ON RESTATEMENT: Total PF lapse receivable Tk. 1,411,329/- has been accounted for during the period. According to para 43 of IAS 8, opening balance of PF lapse receivables (note 15), (cont.3)

APEXSPINN 01-Nov-2021

(Continuation news of APEXSPINN): matter emphasized. The notes # 40-41 of Financial Statement have been stated below: 40. PRIOR YEAR ADJUSTMENT: As per Financial Reporting Council (FRC) notification no. 179/FRC/FRN/notification/2020/2 dated 7th July 2020 regarding lapse amount of employer's subscription to provident fund have to return to the company's annual financial statements from 2015 & have to be shown as other income of the company (cont.2)

APEXSPINN 01-Nov-2021

The auditor of the Apex Spinning & Knitting Mills Limited has given the "Emphasis of matters" paragraphs in the Auditor's Report for the year ended on 30 June, 2021. Emphasis of matters: Auditor's draw attention to the note nos. 40-41 wherein the basis for restatement has been described in respect of opening balance as on July 01, 2020 for the forfeited amount of the employer's contribution to the provident fund in its annual financial statements. Their Opinion is not modified in respect of the (cont.1)

APEXSPINN 31-Oct-2021

There will be no price limit on the trading of the shares of the Company today (31.10.2021) following its corporate declaration.

APEXSPINN 31-Oct-2021

The Board of Directors has recommended 20% Cash dividend for the year ended on June 30, 2021. Date of AGM: December 15, 2021, Time: 9:30 AM, Venue: Digital Platform. Record date: November 21, 2021. The Company has reported EPS of Tk. 2.93, NAV per share of Tk. 55.81 and NOCFPS of Tk. 26.43 for the year ended on June 30, 2021 as against Tk. 1.48, Restated Tk. 54.30 and Tk. 0.66 respectively for the same period of the previous year.

APEXSPINN 21-Oct-2021

As per Regulation 19(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 October 28, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.

APEXSPINN 09-May-2021

(Q3 Un-audited): EPS was Tk. 0.76 for January-March 2021 as against Tk. 0.72 for January-March 2020; EPS was Tk. 2.51 for July 2020-March 2021 as against Tk. 2.19 for July 2019-March 2020. NOCFPS was Tk. 18.53 for July 2020-March 2021 as against Tk. 7.07 for July 2019-March 2020. NAV per share was Tk. 55.19 as on March 31, 2021 and Tk. 54.17 as on June 30, 2020.

APEXSPINN 29-Apr-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 May 06, 2021 at 2:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2021.

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