| |
| Balance Sheet |
| |
|
as at 31st December,
2007 |
|
SOURCE OF FUNDS |
Note |
|
December 31, 2007 |
December 31, 2006 |
|
SHAREHOLDERS’ EQUITY |
|
|
|
574,097,614 |
|
397,194,384 |
| |
Share Capital |
|
3 |
|
336,187,500 |
|
211,187,500 |
| |
Reserve & Surplus |
|
|
|
237,910,114 |
|
186,006,884 |
| |
|
Statutory Reserve |
|
4 |
|
160,223,063 |
|
127,388,254 |
| |
|
General Reserve |
|
|
|
2,000,000 |
|
2,000,000 |
| |
|
Proposed Cash Dividend |
|
5 |
|
73,961,250 |
|
52,796,875 |
| |
|
Retained Earning |
|
|
|
1,725,801 |
|
3,821,755 |
|
TERM LIABILITIES – net of current
maturity |
|
4,968,085,102 |
|
3,725,696,356 |
| |
Long Term Loans |
|
|
6 |
|
899,807,671 |
|
992,002,643 |
| |
Term Deposits |
|
|
7 |
|
3,991,266,596 |
|
2,638,933,584 |
| |
Advance & Security Deposits |
|
8 |
|
77,010,835 |
|
94,760,129 |
|
OTHER LIABILITIES |
|
|
|
55,511,079 |
|
36,021,299 |
| |
Interest Suspense |
|
|
9 |
|
39,366,264 |
|
13,172,049 |
| |
Deferred Liability-Employees’
Gratuity |
|
|
5,087,156 |
|
4,565,699 |
| |
Deferred Tax Liability |
|
10 |
|
11,057,659 |
|
18,283,551 |
|
Total |
|
|
|
5,597,693,795 |
|
4,158,912,039 |
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
| |
|
|
|
|
|
|
FIXED ASSETS |
|
11 |
|
260,705,669 |
|
121,559,864 |
|
Cost |
|
|
|
315,201,085 |
|
163,433,352 |
|
Less: Accumulated Depreciation |
|
|
|
54,495,416 |
|
41,873,488 |
|
LEASE RECEIVABLE-net of current
maturity |
|
|
2,799,631,966 |
|
2,533,894,267 |
| |
Net Lease Receivable |
|
12 |
|
2,124,082,231 |
|
1,932,289,460 |
| |
Advance for Lease Finance |
|
13 |
|
675,549,735 |
|
601,604,807 |
|
DIRECT FINANCE - net of current
maturity |
|
|
|
503,045,783 |
|
442,256,944 |
| |
Term Finance |
|
14 |
|
161,408,216 |
|
80,397,524 |
| |
House Building Finance |
|
15 |
|
341,637,567 |
|
361,859,420 |
|
PROVISION FOR DOUBTFUL ACCOUNTS &
FUTURE LOSSES |
|
16 |
|
(119,173,234) |
|
(79,863,176) |
|
INVESTMENT IN SHARES- net of provision |
|
17 |
|
83,736,044 |
|
47,564,336 |
|
Investment in Shares at cost |
|
|
|
91,064,029 |
|
55,011,781 |
|
Less: Provision for Loss on Investment
in Shares |
|
|
|
7,327,985 |
|
7,447,445 |
|
EMPLOYEES’ BENEFIT SCHEME |
|
18 |
|
13,972,925 |
|
10,524,386 |
|
CURRENT ASSETS |
|
|
|
3,195,828,882 |
|
2,318,893,976 |
| |
Cash & Cash Equivalent |
|
19 |
|
697,080,837 |
|
423,058,357 |
| |
Accounts Receivable |
|
20 |
|
398,145,947 |
|
322,004,580 |
| |
Current Maturity of Net Lease
Receivable |
|
|
|
926,532,327 |
|
973,283,472 |
| |
Current Maturity of Term & House
Building Finance |
|
|
1,095,743,717 |
|
523,104,959 |
| |
Advance, Deposit & Prepayment |
|
21 |
|
78,326,054 |
|
77,442,608 |
|
CURRENT LIABILITIES |
|
|
|
1,140,054,240 |
|
1,235,918,558 |
| |
Current Maturity of Long Term Loans |
|
|
|
476,622,519 |
|
527,900,940 |
| |
Current Maturity of Advance &
Security Deposits |
|
|
68,886,304 |
|
42,862,639 |
| |
Liability for Unclaimed Application
Money |
22 |
|
3,188,310 |
|
- |
| |
Short Term Loans |
|
|
23 |
|
199,200,230 |
|
351,252,749 |
| |
Promissory Notes |
|
|
|
|
5,245,164 |
|
7,254,844 |
| |
Payable & Accrued Expenses |
|
|
24 |
|
265,346,952 |
|
212,933,010 |
| |
Provision for Income Tax |
|
|
25 |
|
121,564,761 |
|
93,714,376 |
|
Net Current Assets |
|
|
|
|
2,055,774,642 |
|
1,082,975,418 |
|
Total |
|
|
|
|
5,597,693,795 |
|
4,158,912,039 |
The annexed notes 1 to 40 form an integral
part of these financial statements.
|
Mohammad Sayduzzaman |
S.M. Intekhab Alam |
Mohammad Shoeb |
M. Yunus |
|
Vice President & CFO |
Managing Director |
Vice Chairman |
Vice Chairman |
As per annexed report of the same date.
Dhaka,
Zoha Zaman Kabir Rashid & Co.
April 03,
2008
Chartered Accountants
|
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|
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| |
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Company Profile
