| |
| Cash Flow Statements |
| |
| |
for the year ended December 31,
2007 |
| |
|
|
|
2007 |
|
2006 |
| |
|
|
|
|
|
|
|
A. CASH FLOWS FROM OPERATING
ACTIVITIES |
|
|
|
| |
Receipts from Operational Revenue |
|
767,446,868 |
|
744,643,852 |
| |
Payments for Operational Expenses |
|
(590,506,504) |
|
(506,326,623) |
| |
Non-Operational Income |
|
938,986 |
|
836,616 |
| |
Extra-Ordinary Income from IPO |
|
9,807,666 |
|
- |
| |
Income Taxes Paid |
|
(55,872,537) |
|
(8,169,055) |
| |
(Increase)/Decrease in Operating
Assets: |
|
|
|
| |
Net Lease Receivable |
|
|
(145,041,626) |
|
(312,821,312) |
| |
Term Finance |
|
|
(578,388,433) |
|
(119,887,756) |
| |
House Building Finance |
|
|
(55,039,164) |
|
(186,000,542) |
| |
Advance for Lease Finance |
|
|
(73,944,928) |
|
(121,354,533) |
| |
Employee’s Benefit Scheme |
|
(3,448,539) |
|
762,330 |
| |
Other Receivable |
|
|
(28,030,200) |
|
3,344,221 |
| |
Advance, Deposits & Prepayments |
|
|
(14,149,399) |
|
7,934,490 |
| |
Increase/(Decrease) in Operating
Liabilities: |
|
|
|
| |
Advance and Security Deposits |
|
8,274,371 |
|
(16,189,455) |
| |
Short Term Loans |
|
(152,052,519) |
|
115,629,462 |
| |
Interest Suspense |
26,194,215 |
|
5,707,864 |
| |
Net Cash used in Operating Activities |
|
(883,811,743) |
|
(391,890,441) |
| |
|
|
|
|
|
|
B. CASH FLOWS FROM INVESTING
ACTIVITIES |
|
|
|
| |
Acquisition of Fixed Assets |
|
(116,343,560) |
|
(81,798,973) |
| |
Disposal of Fixed Assets |
|
2,753,884 |
|
69,999 |
| |
Dividend Income |
|
1,141 |
|
1,853 |
| |
Investment in Shares |
|
(89,870,528) |
|
(1,673,500) |
| |
Disposal of Shares |
|
79,051,912 |
|
- |
| |
Net Cash used in Investing Activities |
|
(124,407,151) |
|
(83,400,621) |
| |
|
|
|
|
|
|
C. CASH FLOWS FROM FINANCING
ACTIVITIES |
|
|
|
| |
Increase in Share Capital |
|
125,000,000 |
|
- |
| |
Receipt of Share Application Money |
|
2,653,300,234 |
|
- |
| |
Refund of Share Application Money |
|
(2,650,111,924) |
|
- |
| |
Payment of Dividend |
|
(52,796,875) |
|
- |
| |
Receipt of Long Term Loans |
|
582,524,028 |
|
576,166,916 |
| |
Repayment of Long Term Loans |
|
(725,997,421) |
|
(511,514,552) |
| |
Repayment of Promissory Notes |
|
(2,009,680) |
|
(3,410,708) |
| |
Receipt of Term Deposits |
|
2,593,354,120 |
|
1,504,145,120 |
| |
Repayment of Term Deposits |
|
(1,241,021,108) |
|
(988,638,655) |
| |
Net Cash generated from Financing
Activities |
1,282,241,374 |
|
576,748,121 |
| |
|
|
|
|
|
D. Net Increase in Cash & Cash
equivalent (A+B+C) |
274,022,480 |
|
101,457,059 |
| |
|
|
|
|
E. Opening Cash & Cash equivalents
at the beginning of the year |
423,058,357 |
|
321,601,298 |
| |
|
|
|
|
F. Closing Cash & Cash equivalent
at the end of the year (D+E) |
697,080,837 |
|
423,058,357 |
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 |
|
|
|
| |
|
Company Profile
