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ASIAINS

All Eps Dividend Board Agm Q1 Q2 Q3

ASIAINS 16-Aug-2020

Bay Leasing & Investment Limited., one of the Corporate Directors of the Company, has expressed its intention to buy 8,00,000 shares of the company at prevailing market price (In the Public Market) through Stock Exchange (DSE) within next 30 working days.

ASIAINS 09-Aug-2020

Trading of the Shares of the Company will resume on 10.08.2020 after record date.

ASIAINS 06-Aug-2020

Trading of the shares of the Company will remain suspended on record date i.e., 09.08.2020.

ASIAINS 04-Aug-2020

(Continuation news of ASIAINS): total cash outflow of the leases, the carrying amount of right-of?use assets at the end of the reporting period by class of underlying asset, which is a non? compliance of para-47 & 53 of IFRS-16. (end)

ASIAINS 04-Aug-2020

(Continuation news of ASIAINS): has decided not to adopt the standard during this financial year. In addition to above, the Company has not recognized the leases of Right-of-use assets and its Depreciation. Finally, the Company has not transferred Lease Liabilities at Net Present Value from Office Rent Expense, interest expense on lease liabilities (cont. 4)

ASIAINS 04-Aug-2020

(Continuation news of ASIAINS): not to adopt the new standard in the current financial year leading to the understatement of Assets and Liabilities, understatement of expense, overstatement of profit and will lead the Office Rent expense into zero, further references-in note 31.A. Note 31.A.2: lFRS-16 become applicable from 1st January 2019 as adopted by ICAB. However the management of Asia insurance Ltd., (cont. 3)

ASIAINS 04-Aug-2020

(Continuation news of ASIAINS): respect to lease accounting. It introduces significant changes to lessee accounting by removing the distinction between operating and finance lease and requiring the recognition of a right-of?use asset and a lease liability at commencement for all leases, except for short-term leases and leases of low value assets. However, the management of the company opted (cont. 2)

ASIAINS 04-Aug-2020

The auditor of Asia Insurance Limited has given the following "Emphasis of Matter" in the audit report of the company prepared for the year ended on December 31, 2019. Emphasis of Matter: Without qualifying our opinion, we draw attention to the following matter: Initial application of IFRS-16 Leases came into effect in 1st January 2019. IFRS 16 introduces new or amended requirements with (cont. 1)

ASIAINS 04-Aug-2020

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 05.08.2020 to 06.08.2020. Trading of the shares of the Company will remain suspended on record date i.e., 09.08.2020.

ASIAINS 30-Jul-2020

(Q2 Un-audited): EPS was Tk. 0.43 for April-June 2020 as against Tk. 0.40 for April-June 2019; EPS was Tk. 1.03 for January-June 2020 as against Tk. 0.94 for January-June 2019. NOCFPS was Tk. 2.38 for January-June 2020 as against Tk. 1.42 for January-June 2019. NAV per share was Tk. 20.48 as on June 30, 2020 and 19.91 as on June 30, 2019.

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