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

SONARBAINS

All Eps Dividend Board Agm Q1 Q2 Q3

SONARBAINS 08-Jul-2021

(Continuation news of SONARBAINS): Prior year Consolidated Earnings per Share (Note 21.A) has decreased by BDT 45,79,310 or BDT 0.11 per share. Prior year EPS calculation included subsidiary earnings related to the non-controlling interest. Since these earnings are not attributed to the shareholders of the Company, the EPS has been adjusted. (end)

SONARBAINS 08-Jul-2021

(Continuation news of SONARBAINS): These errors have been corrected in the current year by adjusting prior year cash flow column. Prior Year Consolidated Net Assets value share (Note 21B) has decreased by BDT 1,34,05,851 or 0.34 per share. Prior year net asset value calculation was erroneously adjusted for BDT 1,34,05,851 which has been corrected this year by adjusting the prior year column. (cont. 8)

SONARBAINS 08-Jul-2021

(Continuation news of SONARBAINS): due to correction of errors which were identified in previous year audit but not adjusted by Management. During prior year, activities related investment in shares were presented as operating cash flow in the consolidated cash flow statement which was not in line with Company policy. In addition, activities related to Fixed Deposits were presented as operating cash flow in the consolidated cash flow statement which was also not in line with Company policy. (cont. 7)

SONARBAINS 08-Jul-2021

(Continuation news of SONARBAINS): It should be noted that none of these corrections ted to any changes in financial numbers that were reported in prior year. All the corrections relate to the presentation and communication of Price Sensitive Information (specifically Earnings Per Share, Net Assets Value per Share and Net Operating Cash Flow per share). Prior Year Consolidated Net Operating Cash Flow (note 25.A) has decreased by BDT 31,27,245 or BDT 0.08 per share (cont. 6)

SONARBAINS 08-Jul-2021

(Continuation news of SONARBAINS): the Company performed several adjustments to prior year financial information for the year ended December 31, 2019. These adjustments were made to correct errors which were identified by the auditors during the prior year audit but no adjustment was during the year (leading to a qualified opinion). In line with IAS 8 Paragraph 42, these errors have been corrected in the financial statements and detailed disclosures have been provided below. (cont. 5)

SONARBAINS 08-Jul-2021

(Continuation news of SONARBAINS): Our audit opinion is not qualified in regard to this matter. Note 12.00 Investment in shares (at Fair Value): Balance of Investment in shares as on 31 December 2020 and 31 December, 2019 was BDT 27,651,242 and BDT 15,586,414 respectively. Note 42.00 Prior Year Restatement: During the preparation of and audit of December 31, 2020 financial statements, (cont. 4)

SONARBAINS 08-Jul-2021

(Continuation news of SONARBAINS): Emphasis of Matter: I) We draw attention to Note 12 of the financial statements, which describes matters related to implementation of investment policy for non-life insurance companies as issued by the IDRA. Our opinion is not modified in respect of this matter. II) We draw attention to Note 42 to the Financial Statements which explains that certain comparative information as at 31 December 2019 have been restated. (cont.3)

SONARBAINS 08-Jul-2021

(Continuation news of SONARBAINS): 2) The Company's subsidiary, Sonar Bangla Capital Management, has equity worth BDT 94,116,000 as Share Money Deposit. The subsidiary has held on to these deposits and not converted them into paid-up share capital within six (6) months of receiving the funds which is a non-compliance of Financial Reporting Council Bangladesh Circular 2020/01 dated 11 February 2020. (cont. 2)

SONARBAINS 08-Jul-2021

The auditor of the "Sonar Bangla Insurance Limited" has given the "Qualified Opinion" & "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 31 December 2020. In this regard, we may disseminate the following news through our online trading system: Basis for Qualified Opinion: 1) The Company did not set aside, due part of its profit, for the year in relation to workers profit participation and welfare fund as required under the Bangladesh Labour Act 2006. (cont.1)

SONARBAINS 16-Jun-2021

The Company has informed that the Board of Directors has decided to purchase 1,95,000 shares @ Tk. 100.00 each on which total worth stands at Tk. 2.10 crore from Mrs. Rawsonara Begum, shareholder of Sonar Bangla Capital Management Limited which is subsidiary Company of Sonar Bangla Insurance Limited.

Previous Next page