25 firms awarded for best presented annual reports
The Institute of Chartered Accountants of Bangladesh (ICAB) awarded 25 entities today in 16 sectors for their best presented financial statements and audit reports. Among them, Bank Asia Ltd became the overall winner at the ICAB National Award for Best Presented Annual Reports, Integrated Reporting, and Corporate Governance Disclosures -2021, according to a press release from the ICAB.
A total of seventeen entities won the Certificate of Merit for achieving the minimum threshold scores.
Commerce Minister Tipu Munshi handed over the awards to the winners at an event which was held at the Sonargaon Hotel in Dhaka.
In the banking sector (private) category of the ICAB Best Published Accounts Report (BPA), Bank Asia Limited and Shahjalal Islami Bank won first prize jointly.
Brac Bank became the first runner-up and United Commercial Bank and Mercantile Bank were the second runner-up jointly. Jamuna Bank and Southeast Bank received certificates of merit.
In the financial services sector, IDLC Finance won first prize, Bangladesh Finance became first runner-up, and IPDC Finance emerged as second runner-up.
DBH Finance Corporation and LankaBangla Finance both received certificates of merit.
In the manufacturing category, British American Tobacco (BD) came in first place while Walton Hi-Tech Industries PLC was the first runner-up and Reckitt Benckiser BD came in second.
Marico Bangladesh, RAK Ceramics, and Premier Cement Mills all received certificates of merit as well.
In the power and energy sector, Summit Power and United Power Generation and Distribution Company received certificates of merit, whereas Eastern Housing got the certificate of merit in the category of infrastructure and construction.
Green Delta Insurance took home the top prize in the insurance sector category. Reliance Insurance came second and City General Insurance Company was the third winner. Peoples Insurance Company received the certificate of merit.
In the communication and IT sector, Robi Axiata won the first prize. Grameenphone was the first runner-up.
ACI Ltd received the certificate of merit in the diversified holdings category, the ICAB statement said.
In the public sector entities category, Infrastructure Development Company Ltd became first, Investment Corporation of Bangladesh became second and Bangladesh Infrastructure Finance was the second runner-up.
Brac won first prize in the non-governmental organisation category, with Sajida Foundation and the Community Development Center coming in as joint first runners-up.
The Society for Social Service and Shakti Foundation for Disadvantaged Women were the second runners-up jointly.
Unique Hotel & Resorts received a certificate of merit in the service sector.
Bank Asia also won the top prize in the corporate governance disclosures category, with Shahjalal Islami Bank and IDLC Finance coming in as joint first runners-up.
LankaBangla Finance, British American Tobacco and Mercantile Bank were the second runner-up. Brac Bank received the certificate of merit.
In the integrated reporting category, IDLC Finance and Bank Asia became the joint first prize winner. Shahjalal Islami Bank and British American Tobacco Bangladesh were joint first runner-up and Mercantile Bank won the second runner-up.
LankaBangla Finance received the certificate of merit.
In the public sector bank category, Janata Bank and Sonali Bank each received a certificate of merit.
From the winning companies, the three best annual reports under each sector will be nominated by the ICAB to the South Asian Federation of Accountants BPA Competition next year.
An 11-member jury board chaired by Atiur Rahman, a former governor of the Bangladesh Bank, reviewed the recommended winners.
Shibli Rubayat Ul Islam, chairman of the Bangladesh Securities and Exchange Commission, Mohammad Muslim Chowdhury, comptroller and auditor general of Bangladesh, Md Shahadat Hossain, president of the ICAB, and Mohammed Humayun Kabir, chairman of the review committee for the awards, spoke on the occasion.
