2022-05-17: Emphasis of Matter

ASIAPACINS: The auditor of Asia Pacific General Insurance Company Ltd. has given the ''Emphasis of Matters'' in the audited financial statements of the company for the year ended on 31 December 2021. ''Emphasis of Matters: The company reported a Share Investment Fluctuation Reserve Fund for the accumulated losses arising on the Investment in Shares and presented it as sundry creditors under current liability. This fluctuation reserve amounts to BDT 41,926,433 as at 31 December 2021 has been derived from the fund ''Share Investment Fluctuation Reserve Fund'' amounts to BDT 118,621,692 after adjusting the realized loss on disposal of shares and(cont)