Annual Report

Overview

The report presents FAS Finance & Investment Limited's 2022 operations and consolidated financial statements, covering the parent and FAS Capital Management Limited. It highlights severe financial distress, with consolidated assets of BDT 20,230,855,522, liabilities of BDT 33,108,389,228, and a consolidated net loss after tax of BDT (7,155,021,854). The Board describes revival measures including a special audit, new core financial software, recovery actions and strengthened controls. Governance disclosures show a five-member independent board and an audit committee reporting to it.

Document

Report type: Annual Report
Class: Financial
Scope: Full report
Fiscal year: 2022
Period: 1 January 2022 – 31 December 2022
Language: English
Pages
File size
Restatement: Disclosed

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