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

PRAGATIINS

All Eps Dividend Board Agm Q1 Q2 Q3

PRAGATIINS 23-Aug-2020

(Continuation news of PRAGATIINS): was not produced for our examination. In addition to the above, deferred tax has not been calculated as required under IAS-12, and it could not be verified a balance of BDT 17,340,000 carried in the books of the company since long. 4. Compliance with IDRA rules: It could not be verified if the company has made investment in designated instruments and (cont. 9)

PRAGATIINS 23-Aug-2020

(Continuation news of PRAGATIINS): could not be verified by us due to the absence of relevant information. We are not also aware of pending cases of assessment and related liabilities, disputed or agreed as the related information were not made available for our review. And the adequacy of the charge of BDT 72,000,000 set up against current year's tax liability could not be verified as the basis for the computation (cont. 8)

PRAGATIINS 23-Aug-2020

(Continuation news of PRAGATIINS): despite the requirements of IAS 16. It could not also be ascertained if annual charges of depreciation on the property and calculation of deferred tax in relation to above have been duly accounted for. 3.Issues relating to current and deferred tax: Accumulated liability for income tax charges for several years reported on 31 December 2019 at BDT 537,754,453 (cont. 7)

PRAGATIINS 23-Aug-2020

(Continuation news of PRAGATIINS): been charged to the profit and loss account and accordingly tax benefits have been availed under Income Tax Ordinance 1984. In accordance with the accounting standards the purpose, objective, legal or constructive obligation relating thereto and basis for such reserve were not found. In addition to the above reserve, the requirements, either legal or otherwise, (cont. 5)

PRAGATIINS 23-Aug-2020

(Continuation news of PRAGATIINS): disclosures on direct method of cash flows applied. 2. Different types of reserves created without any basis: Reserve for exceptional loss are being carried in the books of the Company since long and a sum of BDT 935,319,047 (including current year amount of BDT 69,156,197) has been transferred to the reserve for exceptional loss and the same has (cont. 4)

PRAGATIINS 23-Aug-2020

(Continuation news of PRAGATIINS): and Exchange Commission (BSEC) # BSEC/CMRRRCD/2006/208/Admin/81 dated 20 June 2018 have not been made in the accompanying financial statements: Reconciliation of net income or net profit with cash flows from operating activities making adjustments for non-cash items, for non-operating items and for the net changes in operating accruals, in addition to (cont. 3)

PRAGATIINS 23-Aug-2020

(Continuation news of PRAGATIINS): Ordinance 1984 about preparation and presentation of the financial statements as per International Financial Reporting Standard (IFRS) have not been followed properly in the preparation and presentation of the accompanying financial statements. In addition to the above, disclosure of the following item as required in the Notification of Bangladesh Securities (cont. 2)

PRAGATIINS 23-Aug-2020

The auditor of Pragati Insurance Limited has given the following "Qualified Opinion" in the audit report of the company prepared for the year ended on December 31, 2019. Qualified Opinion: 1. Financial statements not prepared properly in accordance with IFRS: The requirements of the Securities and Exchange Commission Ordinance 1969, Financial Reporting Act 2015 and Income Tax (cont. 1)

PRAGATIINS 23-Aug-2020

Trading of the shares of the Company will remain suspended on record date i.e., 24.08.2020.

PRAGATIINS 19-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 20.08.2020 to 23.08.2020. Trading of the shares of the Company will remain suspended on record date i.e., 24.08.2020.

Previous Next page