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SAMATALETH

All Eps Dividend Board Agm Q1 Q2 Q3

SAMATALETH 23-Dec-2020

(Continuation news of SAMATALETH): tax for the first time in the financial statements but retrospective adjustment as required by para 22 of lAS 8 has not been done. Furthermore, third statement financial position as required by para 40A of lAS 1 has not been presented. 07. Statement of cash flows has not been properly calculated in accordance with lAS 7 as such Net Operating Cash Flow per share (NOCFPS) as disclosed in the statement has been overstated. (cont.5)

SAMATALETH 23-Dec-2020

(Continuation news of SAMATALETH): on the difference between depreciation based on the revalued carrying amount of the asset and depreciation based on the asset's original cost has not been made in accordance with para 41 of IAS 16. 06. Deferred tax liability as disclosed in note # 14 amounting to Tk. 3,921,279 has not been properly calculated in accordance with para 15 of IAS 12 "Income Taxes". Moreover, the company has recognised the deferred(cont.4)

SAMATALETH 23-Dec-2020

(Continuation news of SAMATALETH): 04. Charges of depreciation on addition of fixed assets has not been properly calculated in accordance with para 55 of IAS 16. Moreover, depreciation on revalued assets has been adjusted with revaluation reserve rather charging in profit or loss account. In doing so, depreciation has been understated by Tk.1,252,704 and profit & EPS has been overstated to the extent. 05. Annual transfer of revaluation reserve to retained earnings (cont.3)

SAMATALETH 23-Dec-2020

(Continuation news of SAMATALETH): chemicals and stock & Spares of Tk. 40,036,456, Tk 2,777,525, and Tk. 2,520,100 respectively against which we were not provided with supporting documents. 03.Inventory comprises closing stock of raw materials, Work in progress, finished goods and others amounting to Tk. 12,775,184 against which we did not find any itemized list with unit price. As such, the balance remained unverified. (cont.2)

SAMATALETH 23-Dec-2020

The auditor of the Samata Leather Complex Ltd has given the "Adverse Opinion" paragraphs in the Auditor's Report for the year ended on 30 June 2020. Adverse Opinion: Basis for Adverse Opinion: 01. Sales, as disclosed in note # 19, amounting to Tk. 75,558,009 out of which Tk. 23,739,291 is not supported by evidence. Moreover, the total sale is also not supported by VAT return (Mushak 9.1). 02.Cost of goods sold includes purchase raw materials, (cont.1)

SAMATALETH 06-Dec-2020

Trading of the shares of the Company will resume on 07.12.2020 after record date.

SAMATALETH 03-Dec-2020

Trading of the shares of the Company will remain suspended on record date i.e., 06.12.2020.

SAMATALETH 01-Dec-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 from 02.12.2020 to 03.12.2020. Trading of the shares of the Company will remain suspended on record date i.e., 06.12.2020.

SAMATALETH 16-Nov-2020

Dividend Declaration (Additional Information): The Company has also informed that the reason for recommendetion of No dividend for the year ended on June 30, 2020 is the ongoing development work at Hemayetpur, Savar and longtime disrupted in production and process due to the effect of pandemic covid-19, hence the non-availability of sufficient liquid fund.

SAMATALETH 16-Nov-2020

There will be no price limit on the trading of the shares of the Company today (November 16, 2020) for following its corporate declaration. However, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020; the floor price shall be applicable accordingly.

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