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

WATACHEM

All Eps Dividend Board Agm Q1 Q2 Q3

WATACHEM 19-Nov-2019

(Continuation news of WATACHEM): Against this claim, company has filed appeal with Appellate Commissioner on deposit of amount Tk. 4,142,790. The case is still pending with apellate Tribunal. No additional liability had been accounted. (cont. 18)

WATACHEM 19-Nov-2019

(Continuation news of WATACHEM): Appeal is still pending in Appellate Tribunal. Our opinion is not modified in respect of this matter. 53.00 CONTINGENT LIABILITY: Commissioner of Customs, Excise and VAT Directorate, Dhaka has raised claim amounting to Tk. 41,427,896 based on their audit objection vide letter dated 11.08.2014. (cont. 17)

WATACHEM 19-Nov-2019

(Continuation news of WATACHEM): (d) We draw attention to Note 53.00 "Contingent Liabilities" of the notes to the financial statements which describes that the Commissioner of Customs Excise and VAT Directorate has raised claim of Tk. 41,427,896 against the company because due to a VAT audit objection. The company has filed an appeal to Appellate Tribunal after the payment of Tk. 4,142,790 equals to 10% of claimed amount. (cont. 16)

WATACHEM 19-Nov-2019

(Continuation news of WATACHEM): Such capital expenditure has been made with short term loan instead of long term finance due to swift supplier payment requirements Our opinion is not modified in respect of this matter. Note 08.00: Loans, Advances & Deposits as on 30.06.2019 was Tk. 546,450,428 and as on 30.06.2018 was Tk. 18,527,649 (cont. 15)

WATACHEM 19-Nov-2019

(Continuation news of WATACHEM): (c) We draw attention to Note 8.00 "Loans, Advances & Deposits" of the financial statements which includes Tk. 529,619,059 pertaining to advance payment to suppliers for BMRE works in respect of new plant and Equipment. (cont. 14)

WATACHEM 19-Nov-2019

(Continuation news of WATACHEM): and also increase of sales price per unit during the period of our audit. Our opinion is not modified in respect of this matter. Note 35.00: Earning Per Share as on 30.06.2019 was Tk. 11.63 per share and as on 30.06.2018 was Tk. 4.40 per share. (N.B.: Previous year?s EPS restated on the basis of 11,858,095 shares.) (cont. 13)

WATACHEM 19-Nov-2019

(Continuation news of WATACHEM): and Restated EPS for the same period is Tk. 4.40 per share. (iii) No impracticable event /condition was occurred for the above case. (b) We draw attention to Note 35.00 "Earnings Per Share" of the financial statements which describes the reasons for increase in EPS from 4.40 in the previous year to 11.63 this year which is mainly high growth in the sales volume (cont. 12)

WATACHEM 19-Nov-2019

(Continuation news of WATACHEM): (i) Reserve and Surplus has been credited and Revaluation Reserve has been debited by Tk. 2,139,110 as at 01 July 2017 & Tk.1,952,331 as at 30 June 2018 (ii) Basic EPS has been restated to the following figures: Basic EPS for 01-Jul-18 to 30-Jun-19 is Tk. 11.63 per share; 01-Jul-17 to 30-Jun-18 is Tk. 4.24 per share (cont. 11)

WATACHEM 19-Nov-2019

(Continuation news of WATACHEM): Following disclosure is given as per Para- 49 of IAS-8: 1. Nature of the prior period error: Deferred tax on revaluation of assets has been charged as expense in Statement of Comprehensive Income rather than adjusting from Revaluation Reserve. 2. For each prior period presented, to the extent practicable, the amount of the correction. (cont. 10)

WATACHEM 19-Nov-2019

(Continuation news of WATACHEM): Note 01.33 Restatement - Previous year's figures have been restated due to error occurred before the earliest period for adjustment of deferred tax on revaluation of asset to Reserve and Surplus rather than revaluation Reserve in line with IAS-8 "Accounting policies, Changes in Accounting Estimates and Errors." (cont. 9)

Previous Next page