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ITC

All Eps Dividend Board Agm Q1 Q2 Q3

ITC 13-Nov-2019

(Q1 Un-audited): EPS was Tk. 0.19 for July-September 2019 as against Tk. 0.26 for July-September 2018; NOCFPS was Tk. (1.05) for July-September 2019 as against Tk. 0.37 for July-September 2018. NAV per share was Tk. 16.46 as on September 30, 2019 and Tk. 16.27 as on June 30, 2019.

ITC 07-Nov-2019

As per consent of BSEC, 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 12.11.2019 to 13.11.2019 instead of 07.11.2019 to 11.11.2019. Trading of the shares of the Company will remain suspended on record date i.e., 14.11.2019 instead of 12.11.2019.

ITC 06-Nov-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 07.11.2019 to 11.11.2019. Trading of the shares of the Company will remain suspended on record date i.e., 12.11.2019.

ITC 05-Nov-2019

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 November 12, 2019 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2019.

ITC 28-Oct-2019

(Continuation news of ITC): "Related Party Disclosures". The related party transactions? balance as at 30 June 2018 was Taka 58,490,897 & as at 30 June 2019 was Taka 81,378,984. 3) The Company did not conduct the assessment to identify whether there is any indication of impairment of the Company's assets. This is a noncompliance of IAS-36. (end)

ITC 28-Oct-2019

(Continuation news of ITC): Call Centre 5%, VMWare Software 5%, Issue Tracking Software (JIRA) 5%, E Traffic web application 5%. 2) In Note# 41 to the financial statements, the Company disclosed its transaction with its related parties which were not prepared in compliance with IAS-24. Note 41.00 Related Party Transaction: The company has entered transactions with other entities in normal course of business that fall within the definition of related party as per Bangladesh Accounting Standard: 24(cont. 8)

ITC 28-Oct-2019

(Continuation news of ITC): Amortization of intangible assets is charged under straight-line method and amortization rates applicable to the principal categories of intangible assets are: - Accounting Software 20%, ATM Software 2.5%, Mobile Banking Software 5%, Oracle Software 5%, PCI DSS Security Compliance Software License 5%, POS Software 5%, Q Cash E Portal Software Development 5%, Q Cash Retailer POS Software 5%, Software Development 2.5%, Switching Software 2.5%, (cont. 7)

ITC 28-Oct-2019

(Continuation news of ITC): gradation of the intangible assets. So the amortization of intangibles is the process of expensing the cost of an intangible asset over the projected life of the assets. The Management of the Company has considered to the estimated useful life of the intangible assets 20-40 years based on existing and future consistency of the Technological Infrastructure with its business arena and consequently the amortization rates have applied as per following manner: (cont. 6)

ITC 28-Oct-2019

(Continuation news of ITC): Note 3.02 (c) Amortization: Amortization of the intangible asset is recognized on the basis of the expected pattern of consumption of the projected future economic benefits embodied in the asset and is applied during the year. To the Fact that the Technology infrastructure of the Company was in development nature, to interface new member banks with ITC host and subsequent for expanding Q-Cash boarder network and continuous development & up (cont. 5)

ITC 28-Oct-2019

(Continuation news of ITC): Plant & Machinery 15%, ATM Machinery 15%, POS Terminal 15%, Card Printer 15%, Data Centre 10%, Furniture & Fixture 10%, Computer & Components 15%, Office Equipment 15%, Operating Equipment 15%, Office Decoration 10%, ATM Booth 15%, Generator 10%, On Line UPS 10%, Switching Hardware 10%, Network Solutions (CISCO) 10%, Power Substation 10%, Power System 10%, Structure Cabling 10%, Call Centre 10%, Web Application Firewall 15%, Vehicles 20%. (cont. 4)

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