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dR-rs fiFffi \erlril. Df6fg srfBnctfqb-ffi. TfuRfq<1fiGm (f,FFl. DFFI-)ooo
Malek Siddiqui WaliCHARTERED ACCOUNTANTSPaitners: Md. Waliullah, FCA
Swadesh Ranjan Saha, FCAMd. Habibu Rahman Sarker, FCAAnjan Mattik, FCA
PHONE: OFF: +88029513471RES 8615256 8622'175FAX: +88029516236Email: !Ali@!a!9q4Ei.qa!q9-G, Motitheel C/A,2"d FloorDhaka-1000, Bangladesh
AUDITORS'REPORTto the shareholders of
\ Rohlm Textlle Mllls Umlted
We have audited the accompanying Statement of Financial Position of Rohlm Texiile Mills limited as at30'" June 2015 and the related Statement of Comprehensive Income, Statement of Change in Equity,Statement of Cash Flow and Notes fof the year then ended, and a summary of significant accountingpolicies and other explanatory notes.
Managoment's Responsibility forthe Financial Statements:The Management is responsible for the pfeparation and fair presentation of these financial statements inaccordance with Bangladesh Accounting Standad (BAS)/Bangladesh Financial Repoding Standards(BFRS), the companies Act 1994, Bangladesh Securities and Exchanges Commission Rules'1987 andother applic€ble laws and regulation and for such internal control as management determines isnecessary to enable the preparation of flnancial statements that are free from material misstatement,where due to ffaud or error.
Auditor's Responsibility:Our responsibility is to express an opinion on these flnancial statements based on our audit. Weconducted our audit in accordance with Bangladesh Standards on Auditing (BSA). Those standardsrequire that we comply with ethical requirements and plan and pedorm the audit to obtain rcasonableassurance where the financialstatements are free from rnaterial misstatementAn audit involves peforming pfocedures to obtain audit evidence about the amounts and disclosures inthe financial statements. The prccedures selected depend on the auditor's judgment, including theassessment of the risks of material misstatement of the financial statements, whether due to fraud oreror. ln making those risk assessments the auditor consider internal control relevant to the entity'spfeparation and fair presentation of the financial statements in order to design audit procedurcs that areappropriate in the circumstances, but not for the puDose of expressing and opinion on the effectivenessoJ the entity'6 intemal control. An audit also includes evaluation the appropriateness of accountingpolicies used and the reasonableness of accounting estimates made by management, as well asevaluating the overall presentation ofthe financial statements.
We believe that the audit evidence we have obtained is sufficient and app.opdaie to provide a basis forour audit opinion.
OoinioniIn ouf opinion, the financial statements preparcd in accofdance with Bangladesh AccountingStandard/Bangladesh Financial Reporting Standards (BFRS), live a true and fair view of the state of thecompany's affairs as of 30' JLrne 2015 and of the resilts of its operations and its cash flows fof thepedod then ended and comply with the Compan:es Act 1994, relevant schedule of Bangladesh Securitiesand Exchanges Commission Rules 1987 and othef applicable laws and rcgulations.
We also repori that:a) We have obtained all the inforrnation and explanations which to the best of our knowLedge and
beliefwere necessary for the purpose ofour audit and made due verification thereof;
b) In our opinion, proper books of accolnts as required by law have been kept by the company sofar as it appeared from our examination ofthose books;
c) The Company's Statement of Financial Position and Statement of Comprehensive Income dealtwith by the report are in agreementwith the books of accounts;
d) Ihe expenditures incurred and payments made were for the purpose of the company's business.
Dated: DhakaOctober 26, 2015
ua16(Sioliqui w"tiChartercd Accountants
Asocialed fim o I R€ddy Sidd iq ui&KAb.. i. Park V ic{. I 83 - I 89 I}e Vale. London. W3 7RW. l-rKLi irj l: 4! l!aredd\si.ldrE,!L!rt!1. $ .brnr: $r {. r.,ldr . (liq|,.'t!
RAHIM TEXTILE MILLS LIMITEDSTATEMENT OF FINANCIAL POSITION
AS AT 3OTH JUNE,2O15
ASSETS:Non Current Assets :Properly Pant& Equ pment
Advafces, Deposits & Prc PaymenisCash & Bank Balarces
TOTALASSETS
SHARE HOLDER'S EQUITY & LIABILIIIES:Shareholdeis Equity:
Reva uation Surylus of Fixed Assets
Non-current Liabitities:
Derered Tax Liablliiies.
curreni Podion ofLong Tem LoanShod Term Loar Frorn BankSho( Tem Loaf Frorn Othe.s
Provision forWPPF & WF
Prcvision ior lncom-" Tax
TOTALSHARE HOLDER'S EQUITY & LIABILITIES:
NetAsselValue (NAV )
448,490,698.f-?4r--4Ji-F0sl
175,853,30349,408,786,527,62016,959,77623.357,113
190,954,355,',34,68465008,077,46588,192,250
224.802,26008,283,198
124,555,29522,nA,7929,224 974
167,389.65527,527,50049,046,00090,816,155
I
1 0
1 t1 3
105,454.189'88,894,890
327.935.448140 245,49430 734,6E4
'117157,755
14,953,64911,107 0306,935 6891,135 0975.705 855
624,344,002
55.05
126.436,175109,256,05417,180,121
1 41 51 61 21 71E1 920
416,827,80698,45445875,824,484
195,151,24324,953,64910,126,5s05,249,5151,050,150
359
__________219r!960.81
The a nnexed notes arc integra pa ri of these financial staiement. These f narcia slatemenis were approved by the Boadoi D rcclors on Octobe.26,2015 and were signed on iis behariby.
anaging Director
October 26,2015
Signed in terms ofour separatercport oi€ven date anfa"^ed
lll'VtLrlalek SiddiquiWali
Chartered Accountants
=&*g=1-<- -&!dYntxC,Mohammad Sathawat Hossain
Chief Financial Ofiicer
!.StgS June 30.2015
624.344.002 710.653.635
lLlalek Sidd quiWaliChadered Accouiiants
Fiqurcs in Taka
June 30.2014Restated
4E5,65r,375
[./]alek SiddiquiWaliChartered AccountanisR,AHIM TEXTILE MILLS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THEYEAR ENDED JUNE 30.2015
Particulars
TurnovetCost of Goods Sold
Gross Profit
Operating Expenses:Admin straiive & Se ling Expenses
operating Profit before Financial Expenses
FinancialExpenses
Operating ProfitNon Operating IncomeNet Proflt before WPPF & WF
Provision for Cont bution to WPPF & WF
Net Profit / (Loss)fortFe year
Current Tax
Deferred Tax
Net Profit / {Loss) for the year after tax( Transferred to the Statement ofChange in Equity)
Earning per share (Restated in 2014).Par Value Tk.10Number ofshares used to compute EPS
Notes
2122
June 30.2015
598,621,652506,311,834
92,309,818
2A,517 ,063
65,792,75530,501,381
35,291,374118,287
3s,409,661
1,686,174
33,723,487
10,158,777
Fiqures in Taka
June 30.2014
575,292,594505,082,052
70,210,546
23
24
25
26
22,641,582
47,602,96332 927 ,644
14,675,32313,746,6122A,421,936
1,353,426
27,068,510
3,888,410
5,705,8555,073,744(620,
2,725,328
1,163,08228
3 0
23,564,710 23,'t80,100
6.79
3,468,465
6.68
3,468,465
The annexed nates arc integral part of these financial statement.These financial statements were apprcved by the Baard af
Diectars an October26,2015 and were signed on its behalf by
rd{3-+1.1Syed Sailul Haque
company Secretary
'-h4fo""/>I.'Mohammad Sakhawat Hossain
Chief Financial Officer
h/rr t{him Chowdhury
V onecrol
Signed In terms of oLr seoarate -eporl ol evel date alne\eo
DhakaOctober 26,2015
,/M ,//
Ll^/l'Malek Siddiqui Wali
Chartered AccountanG
RAHIM TEXTILE MILLS LTD.STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED JUNE 30,2015
Fioures in faka
R€valuatlon Surplus ol
As at Ju ly 1,2014 2T,527,500 90,816,155 49,046,000 167,389,655
23,564,710 23,564.710
7,157,150 (7,157,i50)
Eamings (2,623,90s) 2,623,905
As atJun€ 30, 20'15 34,684,650 88,'t92,250 58,0?7,465 190,954,365
STATEMENT OFFORIHEYEAR
CHANGES IN EQUITYENDED JUNE 30,2OI4
R€valuation Surplus of
As a i Ju ly 1,2013 22,022.009 106,692,435 27,309,191 156,023,626
ProrYear adlusimenrs (Note 29) (11,814,071) (1,4M,O71
22,022,000 94,878,364 27,109,191 't44,209,s55
23,180,100 23,180,100
5,505,500 (5,505,500)
Trafsfer to Relained Eamings (2,835,118) 2,835,118
Transferlo Gain/ { Loss) assels 11,227,O91) 1,227,091
27,527,500 90,816,155 49,046,000 167,389,655
-lhe anneted noles are integEl pad of these linancial slalenont.These finan ial statenents were apprcved bv lhe Baard ofDnedos on Acbbet 26,201 5 and were signed on tts behalf bv
t , . a
<4ra\:=< --ffiq0r|1^,lF\.Syod Saiful Ha(ue Mohammad SakhawatHossalnCompanySecretary ChiefFlnanclalOfiicer Dlredtdr Managing Dhector
,l/Rallmgfiowdhury A.l"lallypn6wdhury
Signed in lerms of ourseparsle rep6n oi even date arnexed
October26,2015
)%ryeChanered Accountants
RAHIM TEXTILE MILLS LTD.STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2015
June 30.2015
(3,767,931)
(3,767,931)
l\,4alek SlddiqulWaChadered Accounlanls
J!.E9-3!?S!4
.
CASH FLOW FROM OPERATING ACTIVITIES
Collections from tumov6r, bills receivable and other receiptsPayment for pu rchase oi raw maieials, accesso.ies,credliors and other expensesNetcash generated from oporatlng activities
CASH FLOW FROM INVESTING ACTIVITIES
Acquis llon of fixed assetsDisposalof F xed AsselsNet cash used in investing activities
CASH FLOW FROM FINANCING ACTIVITIES
Loan rcceived/(repayment) f rom BankshortteffnLoan received/(repayment) from Dlreclor.sSale of Faction shae aga nststock dividendD vidend PaidNetcash gener.ted from financing actlvities
NetCash Inf low /{ Outf low ){ l+ l l+ l l l }
CASH & CASH EQUIVALENTS AS AT JULY 01, 2014CASH & CASH EQUIVALENTS AS AT JUNE 30,2015
Net Operaling Cash Flow PerShare (NOCFPS )
The annexed notes are int€gral pan of these llnancial statementDlrecioE on october26,2015 and were signed on ils behalf by.
t------6i6r-171I
I (543,505,721)l93,251,893
516,556,665
4 6 1 . 1 4 6 . 155,410,559
(119 793,950)36 562.760
(63,231,190)
3,794,774
5,430,1999,224,974
20.13
approved by the Board of
t .
(65,447 363)
(10 000 000)236,738r51 ,197
(7s,361,823)
14,132,139
9,224,97423,357,113
26.89
These Jinancial stalemenls
Sy6d Saiful Haque
DhakaOctober 26,2015
Signed in iems ofor.rrsepafate rcport ofeven date annexed
w'lv lalek SiddiquiWal i
37,804102
(6,209 320)85,102
Mohammad Sakhawat Hossainchi€f Financial Offlcer
atin Chowdhuryllanaging Diroctor
Chartered Accountants
1 . 0
1-1
RA}T]M 1EXTILE LIM]TEDNOTES TO THE FINANCIAL STATEMENTS FOR TFIE \TARENDED JIJNE 30, 2OI5
Signiflcant Accounting Policies and Relevantlnformation:
Legalform of the enterp se:
Rahim Textile l\4ills Limited (RTI\,41) was incorco€led as a Private Limited Company on 31stDecember 1981, under the Coffpanies Act 1913 (Repealed in 1994) with Registered of Joint
Stock Companies and Firms, Bangladesh bea ng certificate of Incorporation # C - H of
December 31, 1981. Subsequenuy the company was converted inio Public Llm:ted Companyin the year of 1988 The Company was listed in ihe Dhaka Stock Exchange Limited on 29thIVlarch 1988.
Add.ess of registered office & factory:
The Reg stered offce ofthe company is situaied at 134, New Eskaton Road, Dhaka-1000 andits factory office is located al Shafipur, Kaliakair, Gazlpur, Bangladesh
Nature of business activities:
Rahim Textile Mils Llmjted is a 100% export-oriented indusiry of textile sector engaged indyeing, printing & Jinlshing fubrics. The company has pioneered the printing of knit and othersfabrics. ou. fabric product in the factorv is oeko-Tex @ Standard 1OO, Class 1 certified. Outmajor custorner includes H&l\4, C&A, SANSBURY, I\IATALAN,/GOODNIAN, AVON, LINDEX,
,S OLIVER, COTTON: ON AEROPOSTALE I\,IODISTE. ALD](AUS). CARREFOUR CtC.
Basis of preparation:
Statement of comoliance:
The fnancial statements of the con-rpany under reporting have been prepared under historicacost convention other than land & building which stated at revalued amount as a goingconcern concept and on accrual basis ln accordance with generally accepted accouniingprinciples and practice in Bangladesh in compliance with the Companles Acl, 1994, theSecurities and Exchange Rules 1987, nternatjonaL Accouniing Siandards (lAS) so faradopted by the Institute of Chadered Accountants of Bangladesh (ICAB) as BangladeshAccounting Standard (BAS), Bangladesh Financial Reporting Standad (BFRS) and otherapplicable aws and regulations.
Responsibility for paeparation and presentation of fi nancial statements:
The Board of Directors is responsible for the preparation and presentauon of FlnancialStatements under Section 183 of the Companies Act 1994 and as per the provision of "TheFramework for the Preparation and Plesentalion of Financial Statements' issued by thelniernational Accounting Standa.ds Board (IASB) 4nd completion with the requirement ofBangladesh Security Exchange Commissbn rules 1987 and iniernational AccountingStandads {lAS)
Reporting period:
Financlalstatements ofthe company coverthe pef iod from 01 July 2014 to 30 June 20'15.
Components oI the financial statements:
Financial Staiements includes the following components in accordance with the BangladeshAccounting Standard BAS-1 "Presentation of Financial Statements" the complete set of:
i. Stalement of Financial Position as on 30 June 2015iii Statement of Co mpreh en sive I ncome for the year ended 30 J une 20 1 5;l i i . Statement of Changes ln Equity forthe year ended 30 June 2015;
1 . 2
1 . 3
2.0
2.1
2.2
2.3
2.4
ffi
NOTESTO THERAHJM TEXTILE LIMITED
FINANCLA.L STATEMENTS FOR TITE \TAR ENDED JUNE 30. 2015
Net Asset Value (NAV) pershare:
This has been calculated on the basis of available net wofih. However. current vear's NAV isalso ca culared considering the'evaruatron su'plus ol revalued assets.
2.5
iv. Statement of Cash Flows for the year ended 30 June 201 5;v. Accounting Policies and Explanatory Notes.
ComDarative information:
Comparative information has been provided in accodance wiih in respect ofthe year2013-14for all numeflcal information in the financial statements and also the narrative and descriptiveinformation when it is relevant for understanding ofthe current period's financiai statement.
Figures of the year 2413-14 have been feaffanged whenever considered necessary lorestated ensure comparabillty or in accordance with International Accounting Siandards (lAS).
Reporting currency and level of precision:
The figures in lhe financia statements are represents in Bangladesh currency (Taka) whichhas been founded off to the nearest Bangladeshj Taka.
Foreign currency translation:
Transactions in foreign currencies are iranslated into Bangladeshi Taka at the exchange rateprevailing on the date of transaclions in accordance wilh BAS- 21 "The Effects of Changes inForeign Exchange Rate." Foreign Curency balance have been iranslated into taka alprevailing rate of cutoff date and lhe difference betu/een translatlon value or realizaiion valueaard initial recognition is recognized in the face in statement ofcomprehensive income.
Statement of cash flows:
Statement of Cash Fjows is prepared pfincipally in accordance with BAS-7 "Cash FlowStalemeni" and the cash flows from operating activities have been presented under directrfeihod as required by the Securities and Exchange Rules 1987 and considering iheprovsions that "Enterprises are Encouraged to Report Cash Flow From Operating ActivltiesUsing the Direct l\Iethod".
2.6
2.8
2.9
2.10 Earning per share (EPS):
The company ca culates earning per share (EPS) are according with BAS 33 "Earning perShare' which has been shown on face of profit and lq;is account and computalion is stated inaccounts. This has been arrived at on lhe bi6is of proiit attributabJe ordinary shareholderdivided by wejghted average no of shares.
2.11 Risk and uncertainties for use ofestimates in preparation of Financial Statement:
The Prepafation of Financial Staiement is Conformity with, the International AccountingStandards requifes management to make estimates and assumption that affect the reFortedamouni of assets and liabilities and disclosure of contingent assets and liabililies at the dateof effects Financial Statements and revenues and expenses during the period rcported.Actual fesults could differ from those estimates- Estirnates are used for, accounting of ceriainitems such as long term contraci, provision for doubtful accounts, depreciation andamortization, employees benefit plans, taxes, reserve and contingencies.
RAHIM TEXTILE LIMITEDNOTES TO THE FINANCIAI STATEMENTS IOR THE YEAR ENDED JIJNE 30. 2015
2.12 Gompliance with localtaws:
The flnancial statements have been prepared in compliance wiih the requirements of theCompanies Act 1994, Securiiies and Exchange Rules 1987 and other rejevant local laws andrules.
2.13 Compliance with Internationat Accounting Standard (tAS):
The financial statements have been prepared in compliance with requirements of BAS,Sadopted by the institute of Chadered Accountants of Bandladesh (|CAB) and appticable inBangladesh.
2.14 Taxation:
The tax holiday period ofthe company has expired on June 30, 1994: The Corporate tax.atefor textile sector is 15% as per tnancial act 2O1g-16 SRO # 193-Law/tTO/2015 U/S_44 Sub-section (4) Clouse (b). Provision was made 6nd calcutated on the above basis which isadequaie under income tax ofdinance 1984.
3.00 Signif icantaccount ingpot ic ies:
3.01 Principalaccount ingpot jc ies:
gpeci{ic accouniing poticies were setected and appiied by the company's management forsignjfcant transactions and events that have a materiat effect within ihe framework of BAS_1"Preparation of Financial Statemenf'. The previous year's figures were presented followingthe same accouniing pinciples
3.02 Recog|]ition of property, plant and equipment and depreciation:
Fixed assets are stated at their historical cosi less accumulated depreciation in accordancewrth BAS-16 "Property, Plant and Equipment'. Cost represents cost of acquisition orconstruction and includes purchase prjce and other direcity attributabte cost of bringing theassets to working conditions for its intenoeo use.
Depreciation has been charged on assets including particuJer revalued assets, whercapplicable, at ihe rates varying frorll 10olo to 15% apptying reducing balance methodirfespective which is atlocated to Cost of Goods Sold and Administrative Overheadproponronaiely. No depreciation was charged on land and land development.
mpairrnent losses/gains of assets are not provided, as these have been performing as perintended use of such assets assessed by lhe managemeni. The annual depreciatjon ra{es areapphed on principalcategory ofassets as Detow:
Category of fixed assets Rate Category of f ixed assetsF a c t o r y S t r u c t u r e s , S h e d sand Bui ldings, Go-down & ware
1 A % Office Equipment's 154/a
Pl.nt and IVachinery 10% l\,4otor Vehicles 15%Electrical lnstalJation 150/d Furniture and Fixtufes 100/.Gas Line Installation 15% Cookeries & Cutleries 154/aGenerator 154/o Tools and Equipmenv Loose Tools 150/oAlr Cooler & Cett ing FanEquipment.
15% Waier Tank Resetuoir & Tube well 150/r
RAH]M TEXTILE LIMITEDNOTES TO THE FINANCIAL STATEMENTS IOR TTIE YEAR ENDED JL]}IE 30, 2OI5
3,03 Revaluation offixed assets:
The Company has revalued fixed assets, viz. tand, bui/ding and construction and macntnerywhich have been included in the balance sheet being revalued depreciated vatue. tt tsrelevant to note that some assets were revalued in June 30, 2007 by [4/S. Asian SurueyorsLimited.
3.04 Inventories:
nventories comprise of Raw lvaterjals, Dyes and Chemical, Grey Fabrjcs, Spare parts, Workin Progress and WIP Finished stage. They are staled at the lower of cost or net reatizabtevalue in accordance wiih the para 21 and 23 ot BAS 2 ,, lnvenlories' aftef maktng duealloi^/ance for any obsotete or slow moving jtem. The cost of inventories is assigned by usingaverage cost.Net realizable value is determjned after deduciing the estimated cost ofcompletion and or cost io be incurrcd forthe sale from sales price.
3.05 Accountsreceivables:
These are carfed at original at invoice amount, irade & other receivables are !nsecureo andconsidered goods and coltectible.
3.06 Cash and cash equivatent:
?According to BAS-7 'Staiement of Cash Ftows, comprjse of cash_in_hand and Oemanddeposiis and cash equivalenis are shori terms, highly tiquid investments that are rcadttyconvertible to know amounts of cash and which are subject to and insignificani risk ofchanges in value, BAS,t. presentation of Financial Statemenis, provides thai cash and cashequrvalents are not restricted in use. Considering the provtsions of BAS_7 and BAS_ I, Cash inhand and Bank balances have been considered as cash and cash equivalents.
3.07 Reserve for revaluation offixed assets:
This has been created against revalued value of fixed assets, viz. land, buitdtng andconstruction and machinery and stated in the statement of linancjal position being surplus ofrevalued value of aforesaid assets and its book value
3.08 Accounts payabte:
This has been recognized for the amounts lo be paid in future for ooods and servicesreceived. whether or nor bt, ted by the supptrers.
3.09 OthersLiabi l i t ies:
This has been recognized for amounts to be paid !'ithin short tjme for expenses and utilitiesservices etc a
3,10 Revenue from goods sold:
The company recognizes revenue when a isk and renewal relaiing to sold goods nas beentransfer to buyer as we as when satisfied all other condjtions sets out in tAS_1g .&:venueRecognition"
3.11 Lease Finance
In compliance with the BAS-17, Lease, Cosl of assets acquired under finance lease alorrgwrth related obligation has been accounted for as assets and liabitities respectivelv of thecompany. lt is relevant to note that we are coniinuing a lease agreement with United LeaseFinance Ltd. for a vehicle ourcose.
RA]IIM TEXTTLE LIMITEDNOTES TO THE FINANCIAL St ATEI,IENTS FOR TtD YEAR ENDED JLrNB 30, 2015
3.12 Bad and doubtfutdebts:
No provj;ion for bad and doubtful oebt was made as ihe company,s sales / expon arc basedon 100% confirmed tetter of credit wjth fixed maturity date.
3.13 Contribution to Workers, profit participation fund:
The company rnade provjsion for worke/s proiit partjcjpation fund at 5% of the net profitbefore iax as per provision ofthe complejned profit and is payable to the wofkers as perlaw.3.14 Income tax provision:
This has been recognized in the profit or ross account except to the exrent ihat it reratesdirectly to equity and income tax provision is made in accordance wit; gAs-1i-i"''o*ins tf,"appticable tax rate 15 % for SRO No. 1g3_LaMtncome Ter20f5 ITO_19;4 textile sectorindustries in accordance with ihe provisions of Income Tax Ordjnance 1984.3.15 Deferred tax:
The Company has catculated defeffed tax assets/Jiabilitjes for ihe temporary djfference of netasseis of accountinq and tax base. on assets for the purpose ot compiying L;;;"qr,r"rn"n,.But, it is neither asseis nof liabiliiiesyear under audit However, it is,"LiHi:TilJ:Ji.;T"#JJffTfl '$':T,'"";,1:settlement of tax liabitities in accordance wiih padjcutar Income Tax SROS for lhe tjme beingin force unless any deviation in accounts aitributable to section 19 or 30 of lncome TaxOrdinance i984.
3.16 Events after the reporting period:
There is no signilicant event has been occurred for reporting forthe period from cut_offdate offinancialyearto the date ofsigning ofthe financial staieme;s.
3.17 Basic Earnings:
This represents earnings for ihe year attributabJe to ordinary shareholders. As there was nopreference djvidend, minority interest of exlra ordjnary items, tf," nut p|"otit "ftur
r"" fo, t"year has been considered as fully attributabte to the ordinary shareholders.
3.18 Basic earnings per share:
Basic Earnings per share is catcutated by dividing the net pfofii or toss for the yearaltribuiable to ordinary shareholders by the number oiorC;nary shares o ulst"naing.. o rnng tn"year
3.19 Di luted earnings persha@: , '
No dituted EpS is required to be catculated for the year, as there was no scope for diluiionduring lhe year under review
3.20 General Comments & Observations
a. Atl shares have been fuJty catJed and paid up. There were no preference star"" is"uJo Uythe company.
I I!:" y":-- bank guarantee jssued by tne company on Dehatf of their directors of thecompany itsetf except bank Joan.
c The company has not incurred anyforeign currency against royarties, technicarfees etc.
KAHIM TEXTILE LIM]TEDNOTES TO THE FINANCIAL STATEMENTS FOR TTM YEAR ENDED ruNE 30, 2015
d. There was no sum forwhich the company contingenlly liable as on June 30, 201b.
e. Auditors are paid only statuiory audit fue approved by the shafehorders in the rasr AGI\/.I There were no foreign exchanges remiited to the relevant shafeholders during rne yearLrder audtL.
g. There has no ctaim against the company noi acknowtedged as debjt at the date ofFinancialStaiement.
h. No amount of money was expended by the company for compensaiing any numbef of theboard of specjal service.
3.21 Appti;ation of Bangtadesh Accounting Standarcts (BAS):
3.22 RetirementBenefit:
The Corlrpany has operated provident fund benefit io its employees.
3.23 Discloser as per requirement ofschedule Xt, pad ofcompany act.r994
A. Discloser as per requinement of scheclule Xl, pan Il notes S of para 3 Number ofEmployees/Directors:
The numbers of employees/Difectors including their payments/perquisites range during theyear are as follows:
BAS-1 Presentation of Financiat Staie;anG
Lasn ow utatements
Complied withBAS-2
Cornplied wilhBAS-7
Compiied withBAS 8 Fenoo ,Fundamental Errors and
Accounting Pohcies, Changes in Accounting EstimatesComplied with
aAS,10 Lvcr t rs d rEr t r re Kepon lnq Penodconsnuctlon contracts
Complied wilhBAS,11Complied with
BAS-,12Complied withBAS-14 ;ffi
Keve lJe
ffi'c Ei,e' rs o. vndnges n .oreron e[ninde Rates
N/A8AS-'16
Complied withBAS-17Complied withBAS-] 8Compl'ed wjthBAS,19Complied withBAS 21Complied withBAS 23 Borrowing Costs Conrplied wilhBAS,24 i \ ! o l eu . c r Ly u r i u rosu res
Complied withBAS-26Complied withN/A
BAS-28
BAS.33
ffi@ers
nldnqrDle Assets
Complied wiihBAS-36Complied withBAS-37Complred with
BAS 39 urrrenrs Fecogntt on and l \ teasurement N/ABAS 40 lnvestfient Property
ffi
RAHIM TEXTILE LIMITEDNOTES TO THE FINANCIAL STATEMENTS FOR TIIE YEAR ENDED JI'NE 30. 2015
Particulals Range (Tk.) No. of EmployeeRemude€tion 1 00,000.00-150,000.00 0 f
Salary
0-14,999.00 6915,000.00-29,999.00 6630,000.00-59,999.0060,000.00-99,999.00 10
100,000.00 above
Wages
0-5,299.00 Nils,300.00-6,999.00 797,000.00-10,000.00 87
10,000.00 Above a4
B. Discloser as per requirement ofschedule XL, part ll para 7
Capacity of industrial unit actual production shortfatt and achievement afe as follows:
C. Discloser as per requirement ofschedule Xt, part l! para-8
Value of Dyes & Chemical, Spafe parts, Packing Materiats and Capital Machinery (BDT) :
Related Party Transaction:
In the period under review the company has transactions with rclated party in the normalcourse ofbusiness. The transaction are as follows :
Name of Sister Concern Accounts Receivable TransactionJ.lM. Fabrics Limited 9,511,107.76 12,270 374.45
Kn t Asia Limited,19,,16',t,497.s8
35,914,525.93
Salek Textile Limited 692,103.72 10,54\111-20
3.25 Approval of Fjnanciat Statements:
The Board of Directors has approved these fnanciajstaiemenis on October26 2015
3-24
Unit lnstalledCapacity Production
Short fall '/o olachievemenl
Dyeing, Print ing &Finishing unit (Yards in lac)
265.20 220.20 45.00 83.03%
Particulars Local Purchase lmport TotalPurchase
Consumed
Grey Fabrics 22,870 .392.AA 22,870 39200 24,664,229 .00Dyes I Chemical 119,105 893.00 124,053,278 AA 243159,171.00 253,743,7 44.40Printing, Design lMalerials & Sparc Parts 1 4 , 2 8 1 , 1 0 3 . 0 017 ,771 ,397 .00 32,052,500.00 37,083,408.00
4.OO Property Plant & Equlpmenl A$ets : Tk, rt48,490,698Delairs 0tFixed Assetsand Depreciation as on 30th June,2015 are shown in lhescheduieA-1This is a.nved al as follows:
30.06,2015 30.06,2014
!.sJgJl15,592,064
cosT:
Less: Sale/Adjustmenl
ACCUIIIULAIED DEPRECIATION :
Wdtlsn Oown Value at Repoding Date
REVALUANON OF FIXED ASSETS :
Less: AdjLstmenr ror n6 yearwritten oown vallo a! Reportlng Dat€
Less: Aolusme lor thE year on RevaluatEn
Written Down Value d Reporting D.te:
23,477 495
705,446,226 628,106,0573,444,760 119,793,950
I 42.453.741299J9!.9!g 705.446.226
322,225 07738,581,530
399d!!,S!Z
348tll4t7!
123,483,815
123,443,3',t5
20,853,5902,623,905
302,490,4U44,294,1422rJ,5b3,49U322.225,077
u32211t9
125,852,009
2,3b4,194123,483,815
19159,5742 835,1181,141,10 i /
20,853,590
fi!-40612 !2,9l4,22t
a).The factory ta.d was chargsd to lh€ AB bank Ltd, and pariparsu agr€€mentwas also mado with Th€ city Bank Lttl.forsane prcperties agalnst bank loanfacilnl€s.
Tk. 49,008,7945,OO INVENTORIES:The tolalamounfis arnved as follos :
Dyes & Chemlcals 5.01G€y Fabrc 5.02P nting & Design lMalerial5.03Spares & Accessones 5.03Work in Process 5.04Wor* in PD@ss (Finished Stage) 5.05
5.0t Dyes & Chemicals:!!9q9Dyes
Chemicals
!!e!rgGrey Fab cs
quantitvtrat f-- sa.0t1t-'-l14.293,7U
aqGs)30,654
5.03 Prlnting & Dssign Materlals & Spafs Accessories:!!94S
Printing & Des gn llateialsSpare Parls & Accessodes
5.04 Workln-Process:r94C
5.05 Work In Process (Finished Stage)!I9!.!
Woft in Process (Finished Slase)
177,888 20.354,57920a,542 35,946,643
orlantihllYdd | 30.06.15 | qu tito 39Je1464,788 10,042,114 140,904 11,835,955
!s!ql44,226,5079,373,073
7K...................:!j!@
| 30'0615 --l
3,290,2915,278,381
Auantltv | .ir 30.06.t5 | Quantitv205.382 578.000 197.956 573,855
ouantltvl vds) i 30.06.15 I ouantitvrvdsl 30.06,14i02 6l ^,491c34 397 595 6,327 '65
" Physicalcounl ng of lhe stock was canied oul by inventory team, consisling ofaudilor & manage.nenl slaft- Inventory atjLne 30,2015 are valued al lower ol ave.age @sl and net rea isable value- lhe inventories are collate.alised againsl shorl lerm loan.
30.06,15Tk. 86t527,620
- Theabove amounl is receivable from debioE asainstconlirm export UC & c€dil sales.lt conside€d as good.- [4osl ot the balances have subsequently been rcalised The Deblo6 have no secuitesexcepitherpeBonal
secuntes and Related parlies Tk.29,370,709.06 & olher parlies Tk.57,156,910 94
rk...,......'--gl!!jzl
39.0q!4
6,00 ACCOUNTS RECEIVABLE:
14,042,1143,290,2915,278,381
578,000
11,835,9554226,5479,373,073
6.327.165
7.00 ADVANGES, DEPOSITS & PREPAYMENTS: Tt.This onsists as follows:
7.(a), Sacurity Deposit :Seclr V Deposii io CDBLSecuriv depositlo Titas GssSecuity deposil lo FPi(Secunty deposif to T & TSecuity deposil to Grameen PhoneSecunly deposil 10 REB
Guaranlee MarglnSecudly deposlt to CODSecu ly deposlt DGDP (Army)Total (B) |
7.{c), Advance & Prepaymonts:Advance rncome Tax deducled at Source (i)Advance tor Local PurchseLesal expenses lo Badster KhuGhid AlarnH M MonsurAli Land LordHejaz Publl@tions Ltd Land Lord
rMr Abdus Salam, Msnsger Eslatel\4. Karim, Land oilierPaymenl lo Divers lor fuellMr Monowarul lslam-Tax Adviso.Ilr Zahirul Haque-Secudly InchargesRianl EngineeringLease rent - ULcMaleialinTransitMachine in TEnsitTota l (c) : '
Tolal (A+B+c) :
7,1c),i Advance InconeTar dedlcted atSourc€:
opening bald1."Add : Addilion during lhis yearTotal AIT at solrceLess : Tax adjushenl for FY'2012-12 &2013-14
Less : Prior years AIT adjuslmenlAdvance lncome Tax deducted al Source :
- Securily deposit arc made to slaiutory aulhorities and
8,OO CASH & BANK BALANCES.
cash in hand -(Head Ofrce)Cash in hand - Faclory (Petty cash)Cash al Bank wilh Easlem Bank Lld.Cash al Bank wilh lFlC Bank Ltd.Cash al Bankwilh The City Bank Ltd -1101Cash at Bank wilh The Cily Bank Ltd.-ERQ lJC -5121Cash at Bankwilh The Cily Bankl-td.-FBPARIJC-1104Cash al Bankwilh AB Bank L1d.-254Cash at Bank wilh AB Bank Ltd.-251Cash al BankwilhAB Bank L1d.-001Cash at Bankwilh AB Bank Ltd.-002Cash at Bank Wlh AB Bank Ltd.-003Cash atBankwilhAB Bank Ltd. 047
FDR ior Bank Guarantee AB Bank Lld - 200
- Csshin hand was physically counled and found in orde.
16,959,776
3!!g!!
100,0002,962,4-37
5,616
30.06.14
100,0002 962.437
3,0002,3005,6',I6
20,0001,445,925
12263,557191,056250,00062,500
2,400,00012,741
106,407150,00015,0006,000
65,000
1,804,1329191 83.536
12,764,242 17,113,243
l lt9uuq 4tlttSz
12,263,557 7,0TT,7276,s63,813 5,185,829
1A,A27,370 12,263,5576,021,359
12,806,0fi 12,263,5575,073,744
JJ32& __W.itwillbe realized when ihe seryice re@ived lrom govemmenl authonv
- In the opinion ofthe Direclors, alloflhe current assels, loans and advances have on the realisalionin the odinary colrse ofbusiness, a value at leasi equalio the amount at which lhey a€ staled in lhe Balance sheel.
- No amounl is due by the associaled lndenakings.
3,t94,979 3,200,279
559,305
441,250-1,ooo-J35
7,732,266107,965250,000
2.400.000
150,00020,000
56,6812,440,623
1k. 23,317,11330.06.15 39.S!!!28,180 4,424s4,640 48,176
2UI 52.294 74,959
(1,030,299) 2,130,1273,504,539 442.7141,736,162 427,622
13,12E,558 814,433241 121.OOO
10,007 310,158234,432 149,426
350 1,856,8233,585,341 549,628
21,304,043 7,330,214
9,224,E74
The Bank Balan@s were contmed and €conciled with Bank statements and found inorder.
9.OO SHARE CAPITAL :a)Authorized Capital:50,000,000 Ordinary Shares oi Tk. 101eachb) lssu€d, Call€d & Paid up Capital :Tk. 34,684,6503,468,465 Odinary sharcs of Tk. 10f each fu ly paid up
(i) Composltlon of Shareholdlng:
G€nenl lnv€stols /Publlc
TKAs on 30,06.15
____-5!!3!!.09L
_,,_!4$!.q!L
As on 30.06.2015 | As on 30-06-2014rcl t/r I No. of Sharel %
Tk. 34,684,650
TK
DETAILS OF SPONSORS & DIRECTORSSHARE CAPITAL ARE AS FOLLOWS:
2,662.592
93 373
712,500
0.00'/.2.69'/,
0.000,62q@
ru,qg%
30.06.15i in Tk.l6,753,0005,097,8706,560,3406,959,7901,254,920
2,192,535
63,915
496,300
30.05.14( ln Tk.)5,359.5304,045,9306,0002705,523,650
995,970
0.00%2.32vo0.00%
$.a3%1!0!!%
01. A.Maiin Chowdhury02. Dr. Shanim Malin Chowdhury
04. Saima N,latin Chowdhury05. Azizur Rahim Chowdhury06. Dr. Sultan HaieezRahman ( Independenl Direclod07. Md. OamrulHuda ( Independent DirectoD
Tk,Ootails ofth. Share holdho ls diven bolowl
26,625,920 21,925,350
Holdinq Rande1 - 5 051 50050r-5,0005,00',I-10,00010,001 20,000,20.001-30.00030,001-40,00040,001,50,00050,001-100,000100,001-j,000,000
P€rcentaae1.110/r6.650,66.18%1.W%1.06%2.39%0.000,60.00'/o1.79'A13.J.9%l.g!,u%
No.ofHol.lels No. of Shar€u2 38,669
1,497 230,509185 214,301
5 35,9652 36,6023 82,793
1 61, ;812,767,645
rotatt _!34 _1499r19t
The number ofshale holdins by SponsoF & Oireclols and olhe6 incrcased as on 30lh June,2015 from thal oi 30lh June,2014 due to declaraiion and allotment oi 26'10 Stock Dlvidend for lhe year of2013-2014.
t0,00 Revaluation Surplus of Fixed A$efs:
Opening Ba aiceLess : P. or year adjusheir (No62e)
Less:Adjustmenl oi cost durlng theyear
Less: Addillon ol Depreclation duringlheyear
Add: Adjushenl ot depreclalion during lhe yearClosing Balance 30,06.20i5
11.00 LONG TERI' LOAN :The conslsts of lhe above head as fo lows:
Long Tem loan from AB Bank'TL-467Long fem loan ifom AB Bank-T1tr68Long Tem loan ftom The Cily Bank - 6211Long Term loan from The Cily Bank 6201Uniied Leasing Company Ltd.
Less:Curenl porlion of Long Tem Loan lNole r 131
Tk. 44,192,25030,06,20't5
90,816,155
39.!.€t!14
100,692,435(11 814,07 ' , I )94,878,35,12,368,194
92,s10,1702 835,118
89,675,0521,141,102
90,8f6,155
Land Blidins,Planl & Machineryre€ revalued on 30.07.2007 by [4/S Asian Suryeyors Lld.28 dilkhusha C/A, lah noor,SuileNo.1203,Dhaka-1000 a frm oiprotessionalvaluers on the basis ot pq;enl mai(el pice preva ling in lhe country.The valuaton ofland was assessed on the basis of market pdce prevaring In rhe b&l y, valualon ot Building were assessed on lhe basis ofp€sent @nslruciion cosl, P€sent market value of plant & lMachinery has been eslimated on the basis of devshalion oiBangladesh curency inflation over the yeaB, Increase oiprice leve in internalionalmarket.
90,816,155______2,9?Ep!9
a8,192,250
88,192,250 90,816,155
Tk. 88,894,890
30.06.2015 30.06.2014-rzaszqzt -rosgoSs
105,456,031 96,883,910- 56,142,431- 10,915,567
1,278,116 2,138,515119,629,574 185,076,938
., 30.734,684 75,820,88488,894,890 109,256,054
a) TheABBanksloantakenin20l2 &20l4whichwi l lbe l iqu idatedwi th in20lT&2019.b) The balanceswerc rcconcjled and contirmed.
12.00 SHORT TERIrrl LOAN FROM OTHERS : Tk.
Loan from Direclors
13.00 DEFERREDTAX LIABILIIES:
Opening Balane reslaled (Noles-zg)Povision lhis Year
f4,953,649----39.{9!q1q 30.06.2014
14,953,649 24,953,€4914,953,649 24,953,649
Inieresi fee un-secured loan received from Directors lo meet lhe liquidily prcb em.
16,559,299 17,180,1213!-A 5 30.06.14
17,180121 16,017,0391620,822) 1,103,082
17.1AO.121
Accounts based
348,484,378100.006.320
Dtft 20t3Ja
Revalualion surpius of Fixed Assets (without land)
Defered lax @ 15'l" '448.490.698 338,095,374 110.395.324 114.534.147
111t!14
338,095,374 10,389,004100,006,320
11,903,921102,630,226
14.00 ACCOUNTS PAYABLE Tk. 140,205,094Trade C.ediioF tor supply of fabrics and chemlcals a€ lhe regulafsupplie6 ol the Company and lhe amounl aredueon accouni. [,4ost oflhe bills have been paid wlh]n 120days.
Tk 30,734,6843@S!it 3!n64
. 7,682.011 6,598,28022,540.519 5,240,432
- 4T,849.327- 15,331.327
512,154 84',1,51930,734,684 75,820,884
Tk. 117,157,755
3!nu5(3,175)
(720)
9.488,9S07,850,000
60565,0138 466,758
30.790.890
117,157,f55
-Cash creclil accountwith AB Bank & The Citv Bank Ltd, i
15.00 CURREN-TPORTION OFLONG TERII LOAN;
Long Term loan from AB Bank -TL-467Long Tem loan rrcm AB Bank -TL-468Long Tenn loan rrcm lhe Ciiy Bank - 6211Long lem loan lrom The Cily Bank - 6201United Leasing company Lld
16.00 ShortTerm Loan from BankTh€ conslsts of this head as follows:
Cash Credii Account (wilh AB Bank) 000Cash credil Account (Wlh Cily Bank)-6331DereFed LiabilivUPAS (Foteign UC wiLh AB Bank )Derened Liability EDF(Foreisn UC WIhAB Bank )Defened Liability (Local uc wilh AB Bank )Defened Liabiliiy (LocalUC wilh Cily Bank)Delened Liabilily (Forclgn UC wiih city Bank ) EDFInland BilPurchase Loan lJc(wilh AB Bark) -707Inland BilPurchase Loan lr'C(with The CtyBank) -6551 USOInland BillPlrchase Loan F/C(with The CityBank) '9911'UsDInland BillPlrchase Loan Ac(with The City Bank) -6551
17,00 OTHERLIABILITIES:Th€ consbts ofthls h€ad as follorc:
Direcrors RemuneralionWotke6 & Emp oyes P.F.
Overlime Payable
Deduclion ol Tax & VAT al sourceEmploy€es PF LoanEmployees lncome TaxAgainst SalaryEmpLoyer s PF Conlribulion
- Now we a€ availing crcdit lacility with tem loan al AB Bank Lld. & The Cily Bank Ltd.-Allthe balances were reconciled and 6nfmed-- Defetred Liabilitycreate againsl Fo€ign & Localimporl UC.-working Gpltalloan are secured aga nsi iota inveniodes & bookdebts.- Alllhe above loans bears [email protected]% p.a.lo 12.75% p.a-Aparlfromlhe above, the companyhas sva ed Long Tem loan facilities irom AB Bank Ltd
3!!01417,44635,346
2,648,000'14,468,824
6,800,00024,650,00085.721,52119,573,89316,680,213
24,556,000'l95,151,2'13
Trc 11:107.030
30.06,2015 30,06.201485,000 85,00094,409 67,854
4.457,513 4,049,4782,972,913 2,616,029
461,144 1.205,472- 44,860
57,500 57,5001,560 733 1,111.4401,021,399
131,25963,270 144,605
.: 35,065 36,10472,412 39,95494,409
11,107,030 '10,126,550
I9.OO UNCLAIII DIVIDEND :
rhisis rhe amo' nl wl-icl- rep'esenls divdeld wsronl nol p$enled lo lfe bank forpaymenr
18.00 PROV|S|ON FOR WPPF &WF:
opening balancePlovided lhis yeaf @ 5%
Tk. 6,935,68930.0615
5,249,5151,686,174
____-€f3!,!!!-
Tk.Ouanrv. rn Yade
197,956197,956205,382
397,595397,595102,631
13,599,58032,052,50045,652,0808,568,672
!!!!J43,896,0891,353,426
_______5J4r!!.Lweobserued lhattheabovetund has not been paid iolhe benenciaries / entployees orinvested outside lhebusiness loream ng prolil as specined in lhe companies Bangladesh sromo ain-2006.
39J9J! 30.06.14lk. t,135,69t 1,050,150
2O,OO PROVISION FOR TAX:
Opening Balancehcome IaxforFY20l4-2015
Less.Adjustment for 2012'13 & 2013'14
2I,OO TURNOVER:
22,00 cosToF GooDs solo:Raw Material Consumed :
Dyes & chemlcals (ii)P nlinO & Design lMalerals(iii)
Direcl Wages & S?lai,.sinclud ing fesliva I bonusFactory Oveftqad (iv)
Add: Opednq Wo* in Prcc.rs
L.ss: Closing Work ln Pt@es3COST OF PRODUCTION:Add: Openins Work in Proc€ss(Flnlshsd Stage)
Le$: ClosinqWork in prcc.ss{ Finishod Stage)
i) Grey Fabrics consume.l:Nam€ ofProducts:a) Openins Slockb) Purchase D! ng the year (A)
Tk. 5,705,8553!n!l5 30.06.{4
6,021,359 3,296,0312,725,328
11,727,214 6 021,3596,021.359
24.664,229253,783,74437.083.408
315,531,380
95,550,80093,404,568
504,480,748573,855
505,060,503
504,482,603
5't0,809,7684,497,934
506,311,834
598,62t,652
506,311,83430.06.15 %.lqe$!Es!e! !9.4e!4
7.42%80.43v,
30,042,659234,502,421264,545,08035,946,643
9,764,,16318,656,49124,420,95413,599,580
fk. _____l!&LEL
22.470.392
42,636,122100,896,884507,579,700
197,908 1,318,495
80,626,88322A,59A 437
11J& 14.821.374{00.00% 324,046,694
197,908 508,898,195
263,655 511,409,217
92,462,434
197,956 573,855508,324,340
263,655 3,044,477
397,595 6,327,165505,082,052
q!.lyc4!!) !!n ! 4V.1y4419) 3!nCt!lt140.904 11,835.955 547 82,050179,879 700.752 92,380,788
ii) Dyes & Chemicals consum€d
b) Purchase durlns the y€ar (B)
b) Purchase duns lhe year (c)
LocalPurchase lhrough BBUC & Defered UC
Av€nge Pdc€ PsrYard
64,788 10,042,118 140,904 11,835,955255,995 24,664,229 560,395 80,626,883
320,783 34,706,34f 70't,299
30.06,20't5 30.06.20r435,946,643
243,159,171279,105,81425.322,070
Tk. ___2!3.J8JL
iiU Printing & Design Matedals, SpaEs &Accossories Consumod:30,05,2015
Tk. 228.594.$7
30.06.2014
rk. ,__,.1u,!q!J!L
{A) Procu.ement/ Supplie.l by Raw MatErlals:!.4J92S14
92,380,78822,a70,392 92,380,788
Ye!!s !s!
127.14 131.83
(B) Dyes & Cherrlcals :
LocalPurclrase lhrcugh Back to Back UC
30,06.2015 30-06.2014155,533,60778,968,815
234,502,421
30.06.20r4
124,053,278119,105,893
. rk==w
{C) Printing a Design lvlator,ur"o"-" u o"""*o,'"". ,o,oa.ro,,u
TK 93,40456830,06.201519,376,8221,505,608
119,97520,532,304
759,6301,233,3304,544.121
10,2227U 757273,792497,115
6,94042,425
171,403270,049
2,2c6'114346,440235,97273,015
Tk.
lv, Factory Overhoad : .
Gas & Eleclric charges
Repairs & lMalntenanceTelephone charses
Travelling & Conveyane
Newspaper & Periodicals
Renl, Rates & TaxesDeslgn & Prntng Expenses
'17,771,397
14,281,103rk=.......@
39.922,172rk........'.:!4@
10,032,9204,623,571
'18,656,491
30.06.20r4
Food & Refreshment tupenses for Stafi & Wo*eE
21005,4471,660,456
432,58020,624,847
408,2393,382,9301,059,2374 472,649
755,761486,170325,295591'542
6'91089,70490,000
496,4982 064,424
183,605306,850234,446
41,815,330rk. _-__1!q89!f4
2A,517,06330.06,2015 30.06.2014
Tt.
Loading & Unloading Erp.Firc Fighling Material
23,00 ADMINISTMTIVE & SELLING EXPENSES:
Di€clo/s Remuneration - 21.01Salary&Allowanes
Prinling
lnsuran@ P€niumTelephone & Fax chargesTravelling & conveyanceFees, Foms & stampsOonation & SubscnPtonS-"llinS & Dlstdblllon ExpensesTlaining ExpensesPoslage & TelegramRepairs & lvlainlenaneHead Of6.e ReniAnnual Genem Meeting Expenses
ContribuUon to P F.
software Servicing ChargesFood & Reireshmenl Exp€nses for S1afi
1,200,00010,742,535
911,824120,750277,537659,995181,039267,4O4
1,51S,801t 1,097,298
60,0005,431,710
42,00022,509
375,3491,553,528
13s,96035,842
216,08857,50088,306
1,283 26326,517,063
1,200,0009,283,584
722,154340,540294,049364,628267,031239,656
1,329,7521,294,850
60,0003,431,976
24,00022,476
393,8991,209,505
224.52460,108
. 173,20357,500
124,410167,412
1317,93022,607,582Tk.
23,01 DIRECTORS REMUNERATION:Mr.Dldar A.Husain, DircctorDr. Sultan Baleez Rahman,independent Direclortv,td. Qamtu HLda ,lndepend€nt DiEclor
Tk
TotalTk.
j,200,000NillNill
1,200,000NillNitl
Salary &Allowance incrcase due to incremenl.Selling & D istibu I ion exp enses increase due lo economic use
24.00 FINANCIAL EXPENSES:The brcak-lp oflhe above amounl is as follow : Tk.
lnleresl on commeroalBank Loan & OverdraftInteresl on Lease FinanceBank Charges & Commission
- lnleresi decrease dueto rcpaymenl of loan
25,00 NON OPERATING INCOME: Tk.
Gain/Loss on disposalof Fixed Assets - 23.01Other hcome - 23.02
25.01 GAIN( LOSS ) oN DISPOSAL OF FIXED ASS€TS: TkThe break up oi th€ above amounl is as follows:Gain on sae ofmachineryGain on sae oimolorvehicLes
1,200,000 1,200,000
30,501,381
39.!!J!€ 30.06.201429.164,704 32,116,157
252,353 340,6464A4,325 470,437
30,501,381 32,927,640
114,24730,06.2015 30.06 2014
- 13,471,39218,2a7 275,221119,2af 13,746,612
30.06.2014
- 11,X14-_ ___l34lp2
25.02 OTHER INCOIl/IE:The mnsists ofthls head as iollo\4s:
lnterest recelved on FDRGain o,r Foreisn Cunency Exchange lale
26.00 CONTRIBUTION TO WPPF &WF
conlribution lhls yea. @ 5%
27.00 TNCOME TAX PROVISION {CURRENTTAX)
operating ProritLB : Provision ior conlribution to WPPF & wF
N.t Prcfit / (Loss) for the Year
add : Depr€cialionduinqlhlsyearaspera@ountsbased
Less : Dep@ciation duing lhls yea as per Ts basedOn Operatinc ncome @ 15%on Non-operal n0 In@me:Profl on SaLe ofAssets @ nil rat€'/"Olher Income @ 25%
28,00 tNcoME TAx PROVISION (DEFERREDTAX):
118,247
30.06.2015177.010
1,6A6,174
!!.qo!!L!1,686,1741,686,174
5,705,85530.06.2015
30.06.141,353,426
a!.9!!!14,675,3231,353,426
14,321,497
43,133 26056,455,15?
38,670,69117,781,466
13,471.392
lln11!l!
16,017,03917,180,121
1,163,082
Tk,
Amount35.291,3741,686,174
33,605,200
4l,lu5,4J)74,810,635
37,066,61937,744,016
177.O1Ayprl'016
Tk.
30.05.14209,666
(58.7231 65,55s't18,287 275,221Tk,
30.06,2014
2,667,6745,661.602
44,253ql9!,9!!
$20,a22)
t 17,184121_ 16.559.299
1620,8221AOorlon4Aojusimenl) ounng mE year
29,00 RESTATEMENT OF FINANCIAL STATEMENT :
fte company previoully d d nol e@gnize the delered tax on rewLualion surplus of land For mo@ @hpllan@ wilh Adounfng Slandard the
company is s;ins b ;@gnize this in the cuirent yea The opening balance or lhe last ,€rrs rnanclal slabmenl h4 beenJslaled in
ac;daie wlth BAs-8, A@ouniin! Policies,chanqes in A@unt ng Eeirmales and e.iots secton_42 Hdever, ihis resialem
on lheprc f i to r loss tor lhe€pon ingyear l lhasmpactonyontheequtandde iered ld l iab l l i t yThee la tement isas fo l lws :
Rqaluation surylus of land:
Openinq balance (as present in lasl vears financlalstalements)
Reslaled opcnlng balance
30.06.2014 30.06.2013
102.630.226 106.692.43511,814,071 11,A14,07190,816,155 94,878,364
o"r",.a ie;io"""*yr-r"orrr,y' ChrrteFj| A.duntanls
Rewluation sulpius of land.
RBtat€d op€ning balance.
30:00 EARI{INGS PER SHARE IEPS):
a. Net PrcnV ( Loss) ailer Tar for lhis warb. Total Number ot Sha€eamrnq per snarc (t{qsrared In 20141.
3'.OO RELATED PARNES IRANSACNON :
4366,050 4,202,9Aa11,A14,071 11,eU,071
_,-t|tpt4 _1949!9.
30-06.156.68
3!JgJ4
23,564,710 23,180,1003,468,465 3,468,465
6.79 6.58
ln lie p€riod unde. reMew the companv has trarcctions wih retated Dartv in lhe nomat courE€ of busine3s_The lranGaclion are as foll s:
,
'12.270_374.4519.167.497.5835.914.525.S3
692.10372 10,581.111.20
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