| |
 |
| |
for the year ended 31st December, 2004 |
| |
|
2004 |
|
2003 |
| A. OPPERATIONAL REVENUE |
Notes |
Taka |
|
Taka |
| |
|
|
|
|
| Lease Rentals |
15 |
830,065,545 |
|
726,234,096 |
| Other Operational Income |
|
145,029,596 |
|
61,265,486 |
| |
|
975,095,141 |
|
787,499,582 |
| B. OPERATIONAL EXPENSES |
|
|
|
|
| |
|
|
|
|
| Depreciation on Less Assets |
7 |
567,946,052 |
|
468,943,065 |
| Financial Expenses |
16 |
258,473,170 |
|
194,188,391 |
| General and Administrative Expenses |
17 |
42,585,162 |
|
34,073,400 |
| Commission against Insurance Guarantee |
|
3,882,847 |
|
1,152,577 |
| Provision for Bad and Doubtful Lease Assets |
18 |
5,628,674 |
|
7,505,078 |
| Provision for Term Loan& House Finance |
|
2,656,174 |
|
1,388,968 |
| Provision for Loss on Investment in Shares & Securities |
|
- |
|
46,362 |
| Total |
|
881,172,079 |
|
707,297,841 |
| |
|
|
|
|
| C. PROFIT FROM OPERATION |
(A-B) |
|
93,923,062 |
|
80,201,741 |
| |
|
|
|
|
| D. OTHER INCOME |
|
|
|
|
| Interest on Staff Loans |
|
542,313 |
|
539,076 |
| Dividend on Investment in Shares |
|
390,060 |
|
42,454 |
| Proceeds on final settlement |
|
- |
|
157,532 |
| Profit on Sal of Fixed Assets |
|
374,973 |
|
187,575 |
| Profit on Sale of Shares |
|
7,919,477 |
|
- |
| Previous year's adjustment |
|
26,959 |
|
2,057 |
| Excess Provision for Investment in shares written off |
|
508,249 |
|
- |
| Miscellaneous Income |
|
709,773 |
|
18,400 |
Total |
|
10,471,804 |
|
947,094 |
| |
|
|
|
|
| PROFIT BEFORE TAXES |
(C+D) |
|
104,394,866 |
|
81,148,835 |
| Less : Provision for Income Taxes |
19 |
53,778,150 |
|
36,516,976 |
| PROFIT AFTER TAXES |
|
50,616,716 |
|
44,631,859 |
| Balance brought forward |
|
3,384,657 |
|
1,232,565 |
| PROFIT AVAILABLE FOR APPROPRIATION |
|
54,001,373 |
|
45,864,424 |
| APPROPRIATIONS |
|
|
|
|
| Statutory Reserve |
|
20,878,974 |
|
16,229,767 |
| General Reserve |
|
- |
|
- |
| Bonus Share |
|
- |
|
- |
| Cash Dividend |
|
- |
|
- |
| Proposed Bonus / Dividend |
|
- |
|
26,250,000 |
| RETAINED EARNINGS |
|
33,122,399 |
|
3,384,657 |
| EARNING PER SHARE |
|
37.15 |
|
42.51 |
| Annexed notes form part of these Financial Statements. |
|
|
|
|
| |
|
As per our annexed report of the same date.
|
| |
|
|
|
|
Sd/ |
Sd/ |
Sd/ |
Sd/ |
Sd/ |
Managing Director |
Director |
Director |
Secretary to the Board |
(M. A. Malek Siddiqui Wali & Co. |
|
|
|
|
Chartered Accountants |
|
|
|
|
| |
|
Company Profile
