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 |
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| |
for the year ended 31st December, 2004 |
| |
|
2004 |
|
2003 |
| |
|
Taka |
|
Taka |
| |
|
|
|
|
| Net profit earned before transfer to reserve |
(A) |
104,394,866 |
|
81,148,853 |
| Adjusted to reconcile net profit to net cash |
|
|
|
|
| Provided by the Operating Activities |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| Depreciating on Fixed Assets |
|
5,941,088 |
|
4,405,143 |
| Depreciating on Lease Assets |
|
567,946,052 |
|
468,943,065 |
| Provision for Doubtful Lease Assets |
|
5,628,674 |
|
7,188,354 |
| Increase in Accounts Payable and Accrued Expenses |
|
6,642,710 |
|
35,711,835 |
| Increase in Provision for House Finance |
|
2,656,174 |
|
1,438,382 |
| Increase in Provision for Loss on Shares & Securities |
|
(508,250) |
|
46,362 |
| Increase in Accounts Receivable and Advances |
|
(81,342,285) |
|
(36,707,824) |
| Net cash provided by Operating Activities |
(B) |
506,964,163 |
|
481,025,317 |
| |
|
|
|
|
| |
|
|
|
|
| CASH USED IN INVESTING ACTIVITIES |
|
|
|
|
| Acquisition of Lease Assets |
|
(1,241,770,065) |
|
(1,178,253,585) |
| Acquisition for pre-mature Lease Assets acquired |
|
(332,171,981) |
|
(358,893,971) |
| Acquisition of Fixed Assets |
|
(68,571,520) |
|
(15,177,593) |
| Direct Finance and investments |
|
(287,003,729) |
|
(147,748,020) |
| Disposal of Lease Assets |
|
762,064,867 |
|
690,893,835 |
| Sale/Adjustment `of Fixed Assets |
|
538,527 |
|
1,762,425 |
| Advance against Lease Assets adjusted |
|
(149,966,677) |
|
(156,394,035) |
| Sale of Shares |
|
(12,174,295) |
|
(1,590,000) |
| |
|
|
|
|
| Net cash used in Investing Activities |
(C) |
( 1,329,054,873) |
|
(1,165,400,944) |
| |
|
|
|
|
| |
|
|
|
|
| CASH FFOM FINANCING ACTIVITIES |
|
|
|
|
| |
|
|
|
|
| Increase in share capital |
|
5,000,000 |
|
- |
| Long Term Loan Receipt/(Refund) |
|
194,624,018 |
|
72,661,575 |
| Refund of Call Loan |
|
479,000,000 |
|
(24,000,000) |
| Lease Rental Deposits |
|
11,686,411 |
|
26,799,177 |
| Term Deposits Receipt/(Refund) |
|
346,475,367 |
|
412,043,007 |
| Other Deposit Refund |
|
(8,414,313) |
|
19,006,379 |
| Promissory Notes |
|
(8,586,843) |
|
5,529,839 |
| Short Term Overdraft Receipt/ (Refund) |
|
45,000,000 |
|
(114,000,000) |
| Commitment fee adjusted |
|
(3,550) |
|
- |
| Interest Suspense |
|
3,477,631 |
|
1,738,998 |
| Security Deposits receipt/(Refund) |
|
5,000,000 |
|
1,505,200 |
| Advance Rental Deposit |
|
125,476 |
|
133,528 |
| Tax Paid |
|
(65,996,643) |
|
(3,273,510) |
| Dividend Paid |
|
- |
|
(24,150,000) |
| Prepaid Expenses |
|
3,721,697 |
|
756,627 |
| Net cash provided by Financing Activities |
(D) |
1,011,109,251 |
|
374,750,820 |
| |
|
|
|
|
| |
|
|
|
|
| Net Increase (Decrease) in Cash and Bank Balances |
A+B+C+D |
293,413,407 |
|
(228,475,972) |
| Add : Cash and Bank as at 01-01-2004 |
|
328,025,404 |
|
556,501,376 |
| |
|
|
|
|
| Cash and Bank balances as at 31-12-100 |
|
621,438,811 |
|
328,025,404 |
| |
|
|
|
|
| |
|
|
|
|
| Annexed notes form part of these Financial Statements. |
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As per our annexed report of the same date.
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Sd/ |
Sd/ |
Sd/ |
Sd/ |
Sd/ |
Managing Director |
Director |
Director |
Secretary to the Board |
(M. A. Malek Siddiqui Wali & Co. |
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|
Chartered Accountants |
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| Dated - Dhaka |
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| 23rd May, 2005 |
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Company Profile
