GP hasn’t reserve money against govt’s audit claim: auditor
Grameenphone has not reserve any funds against the government's claim of Tk 12,580 crore found in unpaid taxes and fees, prompting its auditor to add it as a great emphasis of subject paragraph found in the financial statement.
An auditor's emphasis of subject paragraph indicates that the auditor's opinion is not modified with regards to the matter emphasised.
The Dhaka STOCK MARKET (DSE) disclosed the view of the auditor of the listed telecom company on its website yesterday.
The Bangladesh Telecommunication Regulatory Commission (BTRC) in 2019 asked the operator to pay Tk 12,580 crore in dues concerning the audit conducted by the commission from the time from the company's inception in 1997 to December 31, 2014.
The operations of GP has contested the demands in the court. Pending final result of the court proceedings, the management has figured significant uncertainty is present to permit any reliable estimation of a potential obligation, the auditor said.
"No provision for these demands and consequential interest thereon offers been manufactured in the accompanying personal statements."
The BTRC's claim to the mobile operator stood at Tk 8,494.01 crore. The operator owed another Tk 4,085.94 crore to the National Board of Revenue from 1996 to 2017.
GP has paid Tk 2,000 crore to the BTRC according to a good Supreme Court order.
The operator includes a reserve of Tk 1,692 crore, based on the DSE. It offered 275 per cent funds dividend to shareholders for 2020.
