BullBD Old Apps Site
Home
Favorites
Recently viewed 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

SONALIANSH

All Eps Dividend Board Agm Q1 Q2 Q3

SONALIANSH 03-Dec-2020

Trading of the shares of the Company will resume on 06.12.2020 after record date.

SONALIANSH 02-Dec-2020

Trading of the shares of the Company will remain suspended on record date i.e., 03.12.2020.

SONALIANSH 30-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 01.12.2020 to 02.12.2020. Trading of the shares of the Company will remain suspended on record date i.e., 03.12.2020.

SONALIANSH 29-Nov-2020

(Continuation news of SONALIANSH): xi)The assessments of the financial year 1995-96 was finalized (Note: 36) but no accounting treatment has been given in the books of account for creation of additional tax provision of Taka 866,750 and adjustment of advance taxes thereof. (end)

SONALIANSH 29-Nov-2020

(Continuation news of SONALIANSH): in compliance with IAS 21 The Effects of Changes in Foreign Exchange Rates. The effects of foreign currency sales transactions and the resulting exchange gain or loss have not been accounted for in compliance with IAS 21. Also, the foreign currency monetary items which include receivables, bank balance in foreign currency at the year-end have not been reported using the closing rate. (cont.14)

SONALIANSH 29-Nov-2020

(Continuation news of SONALIANSH): to assess whether there is any indication that an asset may be impaired at the end of each reporting period to ensure that an entity's assets are not carried at more than their recoverable amount. As a result, the net assets value of the Company remained overstated to the extent of chargeable impairment, if any. x) In Note # 2.16 (Foreign currency transaction) to the financial statements, it is stated that transactions have been reported(cont.13)

SONALIANSH 29-Nov-2020

(Continuation news of SONALIANSH): within the particular month. The mentioned practice is inconsistent with the policy adopted by the Company and also inconsistent with IFRS 15 "Revenue from Contracts with Customers". ix) Since its inception in the year 1981, the Company has not performed any impairment test of its Property, Plant & Equipment (Note # 10) as required by IAS 36 Impairment of Assets. The IAS in particular states that an entity is required (cont.12)

SONALIANSH 29-Nov-2020

(Continuation news of SONALIANSH): The Company has rental agreements which fall under the new IFRS. Also, the Company has not disclosed the reason for departure of IFRS. viii) Refer to the accounting policy as mentioned in Note # 2.19, revenue is to be recognized when goods are delivered and risk of ownership are transferred to the customer. However, in practice, the accumulated sales revenue is recognized at each month end for all the invoices raised(cont.11)

SONALIANSH 29-Nov-2020

(Continuation news of SONALIANSH): deeds and rules were found in reality. Also, the Company has not made provision for all its 2071 permanent employees @ 8.33% of basic salary. Instead, a provision of BDT. 32,406 was just made during the year, and it seems to be insufficient for its total workforce. vii)IFRS 16 Leases has not been applied while recording transactions which fulfill the set criteria for leases in the aforesaid Accounting Standards. (cont.10)

SONALIANSH 29-Nov-2020

(Continuation news of SONALIANSH): consequences of selling asset. As a result, the deferred tax liability is understated. vi)In Note # 2.21 to the financial statements the Company stated its operation of a recognized provident fund for eligible workers and its administration by a duly constituted independent Trust and equal contributions @ 8.33% of basic wages and salary by both employees and the employer. However, no such recognition, trustee board, (cont.9)

Previous Next page