2020-08-06: Auditor's Opinion

PADMALIFE: The auditor of Padma Islami Life Insurance Ltd. has given the following ''Matter of Emphasis'' in the audit report of the Company prepared for the year ended on 31 December 2019. ''Emphasis of Matter: We draw attention to the following matters, though our opinion is unqualified in respect of the same: The Company has not estimated deferred Tax Assets/Liabilities at this stage. We draw attention to Note 19.00 & Annexure-A Padma Life Tower & other Fixed Assets amount of Tk.860,653,847. The company has not yet done any valuation of assets as per IAS 16 ''Property, Plant and Equipment'', and has not maintained assets register properly.''