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

POWERGRID

All Eps Dividend Board Agm Q1 Q2 Q3

POWERGRID 25-Nov-2020

Trading of the shares of the Company will remain suspended on record date i.e., 26.11.2020.

POWERGRID 23-Nov-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 24.11.2020 to 25.11.2020. Trading of the shares of the Company will remain suspended on record date i.e., 26.11.2020.

POWERGRID 18-Nov-2020

(Continuation news of POWERGRID): a period of time in exchange for consideration similar to leases. Also, the rental tenures for the offices are more than 12 months and the underlying assets are not of low value. As such these rentals should have been recognized and measured in the financial statements as lease liabilities and right-of-use assets as per IFRS-16 Leases. But the IFRS 16 was not followed while preparing the financial statements. (end)

POWERGRID 18-Nov-2020

(Continuation news of POWERGRID): Emphasis of Matter: We draw attention to the following matter, though our opinion is not qualified in respect of the same: In note # 25 to the financial statements the company discloses BDT 12,429,618 'Administrative expenses' which consists of rent, rates and taxes. Out of this amount, office rent expenses of GMD offices comprise of BDT 6,005,039. This arrangement conveys the right to control the use of an identified asset for (cont.24)

POWERGRID 18-Nov-2020

(Continuation news of POWERGRID): Labour Welfare Foundation to the bank account (Account Title: 'PGCB Workers Profit Participation Fund'). In addition, the Company paid the eligible portion to the employees directly. The WPP Fund, later on, refunded the amount to the Company. However, neither the Company, nor the WPP Fund Trust has yet transferred BDT 135,689,755 to Bangladesh Workers' Welfare Foundation from the financial year 2005-06 to 2019-20. (cont.23)

POWERGRID 18-Nov-2020

(Continuation news of POWERGRID): we could not verify such liabilities' closing balance. On the other hand, in note#21.1 to the financial statements, the Company discloses the provision for Workers' Profit Participation Fund. The Company has stated to have formed a separate Trustand Trust meeting minutes are available, but no Trust Deed was found in this regard. The Company makes full contributions with regard to workers' profit participation, workers' welfare and Bangladesh (cont.22)

POWERGRID 18-Nov-2020

(Continuation news of POWERGRID): Company of Bangladesh. 8. In notes # 20 and 21 to the financial statements, the Company discloses 'Liabilities for expenses' and 'Liabilities for other finance' amounting to BDT 1,374,881,374 and BDT 10,777,322,837 respectively. Liabilities for expenses include inter-alia BDT 1,371,326,765 as 'Sundry expenses'. Due to non-availability of party-wise breakdown of Sundry expenses and Liabilities for other finance, (cont.21)

POWERGRID 18-Nov-2020

(Continuation news of POWERGRID): As per the letter' of BPDB dated 30 June 2020, BPDB has a loan receivable from PGCB amounting to BDT 3,817,586,856. In the case of 'Assigned loan from DPDC(DESA) ', the Company has been carrying the same balance since long. It is also mentionable that in the audited financial statements of DPDC for the year 2018-19, no receivable was found to be recognized on account of Power Grid (cont.20)

POWERGRID 18-Nov-2020

(Continuation news of POWERGRID): 'Liabilities for other finance'. However, the loan interest calculations thereon have been correctly made from the disbursement dates. In addition, in note # 14.3 to the financial statements, the Company discloses 'Assigned loan from BPDB' and 'Assigned loan from DPDC(DESA) ' amounting to Tk.0 (zero) (2018-19: BDT 49,794,639) and BDT 3,599,172,321 (2018-19: BDT 3,599,172,321) respectively. (cont.19)

POWERGRID 18-Nov-2020

(Continuation news of POWERGRID): of Bangladesh, Assigned Loans, and loans from some other parties. In the case of recognizing loans from development partners, the Company recognized the loans when the Company issued payment certificates /withdrawal notifications, even though the loans were disbursed at later dates by the development partners. As a result, the Company has recognized more loans from the development partners instead of recognizing (cont.18)

Previous Next page