BullBD Old Apps Site
Home
Details Chart Today news Share news Top gainer Top Looser Upcoming events
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0 1 2 3 4 5 6 7 8 9 All
Bank Cement Ceramics Sector Corporate Bond Engineering Financial Institutions Food & Allied Fuel & Power IT Sector Insurance Jute Life Insurance Miscellaneous Mutual Funds Paper & Printing Pharmaceuticals & Chemicals Services & Real Estate Tannery Industries Telecommunication Textile Travel & Leisure All
  • Details
  • Chart
  • News

NTLTUBES

All Eps Dividend Board Agm Q1 Q2 Q3

NTLTUBES 26-Nov-2019

(Continuation news of NTLTUBES): As per permission of order clause 4(GA) required increased benefits to be paid by two installments within two financial years 2018-2019 and 2019-2020. As result, the company has created provision of 50% of incurred in the financial year 2018-2019. (end)

NTLTUBES 26-Nov-2019

(Continuation news of NTLTUBES): Festival Bonus on dearness allowance, Conveyance, washing allowance & store in transit. During the year, Employees and Staff benefits has been increased by order of Ministry of Labour and Employment vide letter no. 40.00.0000.016.31.016.18-57, dated October 22, 2018 and accordingly the company made provision against implement of new wages scale of employees and staff. (cont. 7)

NTLTUBES 26-Nov-2019

(Continuation news of NTLTUBES): as per the order of Ministry of Labor and Employment vide letter no. 40.00.0000.016.31.016.18-57. Dated October 22, 2018. Which should be presented as per IAS 1: (Presentation of Financial Statements) Note 16.01: Prior Year's Income/Expenses Adjustment Account: Tk. (17,825,999) as on 30 June 2019. This is made up as follows: Deduction for Excess Payment of incentive & Festival Bonus (FY 90-91) & increment to associated Muktijoddha, (cont. 6)

NTLTUBES 26-Nov-2019

(Continuation news of NTLTUBES): As a result, the Company is yet to recover or fully adjust this excess amount of income tax of Tk. 223,975,411 as paid till the reporting period from tax authority. Note 11: Advance Income Tax as on 30 June 2019 is Tk.283,111,233 and Tk. 266,597,278 as on 30 June 2018. b) In reference to Note no. 16.01 of the Financial Statement, the Company has made adjustment against enhancement of new wages scale with Retained Earnings (cont. 5)

NTLTUBES 26-Nov-2019

(Continuation news of NTLTUBES): Emphasis of Matter: Without qualifying our opinion, we draw attention on the matter as disclosed below: a) The Company has reported Tk. 283,111,233 as advance income tax as disclosed in Note # 11.00 to the financial statements. However, corresponding provision for income tax stood at Tk. 59,135,822 at the same date. (cont. 4)

NTLTUBES 26-Nov-2019

(Continuation news of NTLTUBES): neither intention nor need to liquidate or curtail materially the scale of its operation. The company has been incurring loss for consecutive three years including current year. Due to making loss continuity, its retained earnings balance is running out frequently. The management will take proper step to run the company as going concern (plan of continuation of business). (cont. 3)

NTLTUBES 26-Nov-2019

(Continuation news of NTLTUBES): These conditions indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not qualified in respect of this matter. Note. 3.06: Going Concern: The financial statements of the company have been prepared on the assumption that the entity is a going concern and will continue its business for the foreseeable future. Hence it is assumed that the entity has (cont. 2)

NTLTUBES 26-Nov-2019

Material Uncertainty Related to Going Concern: As referred to in Note # 3.06 in the financial statements which describes the basis of using going concern in preparing financial statements by the Company. The Company has been making losses over the last few years which has also resulted in the decrease of its retained earnings balance at the reporting date. Besides, due to continuous losses its operating cash flows were also in negative during the year. (cont. 1)

NTLTUBES 26-Nov-2019

Trading of the shares of the Company will remain suspended on record date i.e., 27.11.2019.

NTLTUBES 24-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 25.11.2019 to 26.11.2019. Trading of the shares of the Company will remain suspended on record date i.e., 27.11.2019.

Previous Next page