fu-*= effi - profullcrack€¦ · conducted our audit in accordance with bangladesh standards on...

Malek Siddiqui WaliCHARTERED ACCOUNTANTSPartners: Md. Waliullah, FCA

Mr. Swadesh Ranjan Saha, FCAMd. Habibur Rahman Sarker, FCAMr. Anjan Mallik, FCA

PHONE: OFF: +88029513471

PABX: 957 6128: 957 6718-9FAX: 880-2-9576236Email: [email protected], MOTUHEEL C/A,Dhaka-1000, Bangladesh

AUDITORS'REPORTto tbe shareho)ders ol Gp'D Power timited

We have audited the accompanying Statement of Financial Position of GBB Power Limited as at 30thJune 2016 and the related Statement of Comprehensive Income, Statement of Cash Flow, Statement ofChange in Equity and Notes for the year then ended, and a summary of significant accounting policiesand other explanatory notes.

Management's Responsibility for the Financia! Statements:The Management is responsible for the preparation and fair presentation of these financial statements inaccordance with Bangladesh Accounting Standard (BAS)/Bangladesh Financial Reporting Standards(BFRS), the companies Act 1994, Bangladesh Securities Exchanges Commission Rules 1987 and otherapplicable laws and regulation and for such internal control as management determines is necessary toenable the preparation of financial statements that are free from material misstatement, whether due tofraud or error.

Auditor's Responsibi lity:Our responsibility is to express an opinion on these financial 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 perform the audit to obtain reasonableassurance where the financial statements are free from material misstatement

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures inthe financial statements, The procedures selected depend on the auditor's judgment, including theassessment of the risks of material misstatement of the financial statements, whether due to fraud orerror. In making those risk assessments the auditor consider internal control relevant to the entity'spreparation and fair presentation of the financial statements in order to design audit procedures that areappropriate in the circumstances, but not for the purpose of expressing and opinion on the effectivenessof the entity's internal 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 of the financial statements. .

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis forour audit opinion.

Opinion:In our opinion, the financial statements prepared in accordance with Bangladesh AccountingStandard/Bangladesh Financial Reporting Standards (BFRS), give a true and fair view of the state of thecompany's affairs as of 30th June 2016 and of the results of its operations and its cash flows for theperiod then ended and comply with the Companies Act 1994, relevant schedule of Bangladesh SecuritiesExchanges Commission Rules 1987 and other applicable laws and regulations.

We also report that:a) We have obtained all the information and explanations which to the best of our knowledge and

belief were necessary for the purpose of our audit and made due verification thereof ;

b) In our opinion, proper books of accounts as required by law have been kept by the company sofar as it appeared from our examination of those books ;

c) The Company's Statement of Financial Position and Statement of Comprehensive Income dealtwith by the report are in agreement with the books of accounts ;

d) The expenditures incurred and payments made were for the purpose of the company's business..

.fu-*= dlcrs fiFffi srrFil, Effi qn,&rdfiry% b-&, flfrRH <tfrGr+ .{qFFI, DFFI-)ooo

Dated: Dhaka21 August, 2016

fltu(rfel-et< SiAAiqui Wali

Chartered Accountants

: ii ]'. i t{f, 1::,.: "."::).

rl,i Iir.;l.ii .t,.|:"it."i,.,1 t.'

't ,.:trtt.'t' t '-l ;ti l,! I 1..

t1'1'l

Malek SiddiquiWaliChartered Accountants

GBB POWER LIMITED

STATEMENT OF FINANCIAT POSITION

AS AT 30 JUNE 2016

30Jun-16 31-Dec-15PARTICULARS

NET ASSETS :

Non-Current Assets

Property, Plant and EquipmentLeasehold Land Development

Current Assets, Loan & Advances

lnvestment

lnventoriesAdvance, Deposit & PrepaymentsAccounts Receivables

Sundry DebtorsCash and Cash Equivalents

Total Assets

EQUIW & LIABILITIES:

Shareholders' EquityShare CapitalShare PremiumRetained Earnings

Current Liabilities and Provisions

Accounts Payables

Sundry CreditorsAccrued ExpensesWorkers Profit Participation and Welfare Fund

Provision for lncome Tax

Unclaimed DividendShort Term Bank Loan

Total Equity and Liabilities

Net Asset Value (NAV) Per Share (Restated

for 20L41

Managing Director

Dated: Dhaka

August 2L,?OLG

(Amount in Taka)

31-Dec-14

L7.00

18.00

19.00

20.002 L.00

22.0023.0024.00

1,336,281,506

5,199,824

1,338,766,8s3 1,359,744,1635,575,7L5 6,327,497

L0,743,367

82,2t8,775L70,526,77593,378,760

3.593,750422,466,303

782,927,729

t2,577,008

98,769,891146,516,1 11

92,549,2741,534,833

417,185,?33

769,L3+,049

1,3+L,481,337 L,344,342,568 L,366,07L,659

27,047,400

42,80s,6001L3,079,275129,L68,694

52,28L,67628L,447,746

6+s,830,392

2,L24,409,060 2,1L3,476,6t7

969,557,600856,550,000

r42,28L,932

969,s57,600

866,ss0,000162,051,851

_2pLL902,0sL

843,093,s70866,ss0,000

202,543,743

25.0026.00

27.00

1,978,389,533 L,998,L59,457 L,gLZ,LB7,3L3

28.0029.00

30.0031.0038.0032.00

33.00

45,700,060445,965

3,557,26213,642,0041-9,037,868

27,385,98L36,250,387

37,942,209434,757

5,093,93stL,791,28716,682,100

399,98042,972,897

2r,832,238525,515

t2,669,54812,620,773

1,2,128,95t25L,206

39,686,506

The accounting policies and other notes from 01 to 44 form an integral part ofthe Financial Statements.

The Financial Statements were approved by the Board of directors on 21 August, 2016 & were signed on its behalf by:

L46,0r9,527 115,317,765 99,7L4,737

2,124,409,060 _2,1t3,4? 6 W_ ___3{11902CE9*

20.41 20.67 19.72

Company Secretary

flrilMalek SiddiquiWali


2 . J\r-tS---- e.e&.^ Imo"r,Director

LTs

ol)oo

Go

coO)

ECJ

oo(oqJ

qJ

3

cOJ

Eo(o

E(J

(o

i.ruFq

cq)Co(9

ECECiIAJ-c

otro

6boOJ

.=coE

st$

o>tr-o.:E9'.! 0r

Oo

!9Eo0J-CE .uD(!@OE0JC'Ci ooXO-OboNc.cf50,o:u<rcilqJN

FO

.8tr3sf5\98

sn&*L-o ro

NEL)

o'!NOIOl l.r)orl]\O)sf00C,NFl

o6F{ t-l

o) ol(,)OIro(ou,) Fi

r- 6'6sf

ut (nNLr}rn|/lddCD-

o F l^llH (o lslllto F- ldlli ui I uill< !n 16ll3 S lsll"-l"ll(or-Ch Fico o)ro oorooOo)o(oF,l

an stfnmocoo| d<toFF\m

o6'o) .-l

rnlJlr\ooi+

oerJ1 (OlnNidr,)Noln'ri dcrl -

ooor ootp0er\d l'-lr! orm(n6

r-{ (f)$sto.n]\Orn Ln

600r{

(oNdttl rn rn@\p$OLnF.@rJ)OOCn O c\l

Nl--Olod@[email protected](od

^^tt\ o (nlN F- ol6 rn Nld O) !ncrr o) o) I Ft l-- aocD l'- F. l<f (D O)6clrmlNdrnF m@lto (p Nd cri jl oi d j(n(o|JllNd-d

II

I

I

01 :6Nr\i0o \o co

Nrn\orr1 < stlA Ot FiN

6NorLnNr\lri oo'F{OLal l-.(n (noln

r.6'st 0OlnNlFco(oln|n(o(n@c,NH

r-. otro fn@lnorNo) ool'. NOF\@o,sfN

sf f'.N r'.N(Doo' d<f Flf-. Nn'i dl/l LnNFI

ro orr\@NNt.' F-'N(o(o@cri oo'Fl Fltn Cf)

drnOrnOOd+F\coandF-' F-'rn rnNi

F\Nr.. $NrnF.dcl)oo)oO(oF. F\Nsl

(noqo

o€e,

€q

6@<f FlOrill1r|i(Y|HN l-.osto c.lH

"ldj-\l ,trdo<6o

a4

I ^^tlo co l.lFi oo ool1,) (o Nl<' '.o (oloI o- o\lq $- .1lh o) t-. 16 l/) sf16r O 00lo F- oldr i (OlF{ O l.-l+ oo' il lri d ci16 @tnltJ| N -

l^--l-e8 E@^;Nmid 6

3+o^ CLEg4 U r*=B 1J r- EuE^, 5'q, E 3I;! E Et og

6EE *!EE Ee-:E I gg!* -.E8g THTET E

,E 5cS"g$iScE #:EE 'idgEqgES.Ft b

E g E iEi Ei E Er; E "s

i ; e EEt e g i E t a i ;fi O (9 <)Z O r Z (.) Z o- Z ur

oqotm

o0

oooo+ui

o(DE8L(El\IE *iP 5r'& ..6E E$

IHlI a +lItr oll6 9ll- Olle 6lI -ll-lmlE Ellc 5lI G -ll- olf '"]

Et]lq€llc olIr! 9ll- 0Jll-r Ol

Lili;tI r Rll(! orll:, cllc =ll6 -ll- ol

['"]I-o-ll; .lld Flllo olIN NI

lq:llc oll(! (nl

Li__l

[*]l5llzl

.!J(!F

;c=oE

(oF{oN

E?o=2B

fisG=

2 EZUJO-Iz lJ.t LU

trER=Rl9UHEl!coo*e fr 0

tu€FF{

vl-EI

zo-L5g.sdEOEQ6<-!6E6SI>h

sO

>.q=l!tstJ BE

fl\sE$ \*EH ,F Loe.Eu6

-ll -st ll r{\ll ^i

$ililloll"ll

sll enll ..i

3llhll

il

sll rolll .ilI,I

iil5ll"ll

iE

,,!

ell s sfYUI J P$ll sNII E$II F"ll r

b-ll * 3

Bil 3:s.ll H$ll dilsll lll ill .

oro

€I

Eoo

giooo9:

EGI06cLg^b

EoroJ

5E E(E-O.:tE,(g0lcr(Jt: P#6.=GPO9fo6E3-Eco:i6T,Oojys9Z.F

^tool N <i-chl \o oql s- cY6l c! lr)<fl N l-.oll o- d1u1 I d Odl i l.-*l di

I

I

A@stv@F\d Fr'rn$Crr sfoii

oOc\j

t'. \O@sfdF\dN'rnS\nco@dc{

^tc|l d rr)NI N MNl m oNl O @gtl F- sCI N Hcl n NNl d

-l $I

(ororn stl.r) F.oo' F-'dsfo-ndd+00dN

orndomm|r)ooo- 01 "1 o-F.nOr0O$o@-Olris1

@oddo)dim

d('l

o$d\o\om

F{ r-l I..<'rON(noN!o' .i c{'do(oiNd-oo'

o)sfO) cndol/)dNCn(rN@ (Y)sfd

()oldu)6NNO)N(Dr.\ 6doi

ro

QHNl--O@mOOtNild+(o@<fdO)(oO)

\p

orooq.Otro

coHur (oAOtooj00N''o- 01oolMN

o6qH(n(DrcloN

tn m f..momNOraOO) c.J $Q6NON@ddGi$iN$N-

o)O)NLndrf)ol ul o-lnN$oONFIu)(nd+di.jo)(omNd-

HIOOI$NNlr)omm(oo3f..mr\NF.\O$st(o (o tnU) .r) v

(OdsfOro!storol@m(od\ornNsl c{ roF- oO (O\ocndNd-

(o!DrorncoNood{ oo'jrn(odNOdrri ct .iNO)tn@sf-

Fo(rl(nmtIDol

InroFlln(n<l

omramID@om

roCOoN01

sl(o

tYto<tOl<lF{

do!.1

ocoOlrJ,NroH

Fdrn(n@NFld

coqlN:lNoNa

Al-JJ{5SB-tL

.r

lnr,i

(n(oNrON

NNrommooc!' odm\oCrl m

fn

dtn|p r'.f)roN{0(o@oOl u)F-d

I

IIl-l9

Y9@[LF{\z-'.1 (! o{H J Nrl* E+t'.= 6 N

b!..p.G E 6

.sE g A(\,.= (! f\> a<

EiEf.95qq =

oc E : qo.ie ,e;e ,i:; 5;Eo-o .zktr EH I E 6iEEi Eril ie E o pH;sg E-'! HE 4. E IEEiE Et€ 'EipH- : _EI.EEE 9E6 EE5## iEEEE;sEE s;;E*- Eq€E:o .!o.tr EEYs> H;

$EEE iEE EEE;: ?;EEFE 5gE EEEEi EE

B[G

EIiEIsl sl

t-Jl; Hlll! ollr trlItr =ll6 -ll- oll' ,"l

Etll> oJl

lEfllc ollc all- olla 6lril;;Il! dl

lr RllG oJll= Ellc 5l

E]E;lo ol

l: El

El

(oFloNlrJz);t,,!m

fiEeFdo5-H=th=J*fi0lE6E6 rfio- uJ r'6==ro =>(,<6

h>ot-lLU-E,ot!

:a(tr11

=EE()EO6<.-Eo.r I60)=E'c

O

inT

PARTICUTARSORDINARY

SHARE CAPITAT

SHARE

PREMIUM

SHARE MONEY

DEPOSITS

RETAINED

EARNINGSTOTAL

Lst January 2015

;tock Dividend

nterim Cash Dividend

{et Profit during the Year

843,093,570 866,s50,00( 80,000 202,s43,743 t,9L2,?67,3t4

126.464,030 (126,464,0301

(96,955,760) (96,9ss,760

L63,157,975 163,L57,979

l0 th June 2016 969,557,60( 856,s50,000 80,00( L42,28L,932 1,978,469,53:

GBB POWER LIMITED

STATEMENTS OF CHANGE IN EqUITY

FOR THE 18 MONTH PERIOD ENDED ON 30 JUNE 2016

TheFinancial StatementswereapprovedbytheBoardof directorson2lAugust,2016 &weresignedonitsbehalf by:

'Z zl\--.--_Managing Director

Dated: Dhaka

August 21, 2016

%m***

Malek Siddiqui WaliChartered Accountants

iltulMalek Siddiqui Wali

PARTICULARSORDINARY

SHARE CAPITAL

SHARE

PREMIUM

SHARE MONEY

DEPOSITS

RETAINED

EARNINGSTOTAI-

Lst January 2016

nterim Cash Dividend

\et Profit durins the Year

969,5s7,60( 866.550.000 80,00( 162,051,851 L,998,239,45L

(96,9s5,760 (96,9ss,7601

77,L85,84i 77,L85,842

l0 th June 2016 969,557,60( 866,s50,000 80,00( t42.28t.931 L,978,469,534

PARTICULARSORDINARY

SHARE CAPITAL

SHARE

PREMIUM

SHARE MONEY

DEPOSITS

RETAINED

EARNINGSTOTAL

1st January 2015

Stock Dividend

Net Profit durins the Year

843,093,57( 866,ss0,00( 80,00( 202,543,74i 1,9t2,267,3t4

126,464,O3( 1726,464,O3O

85.972,L37.8i 85,912,L38

llst December 2015 969,557,600 866.550.00( 80,000 162,051,851 1,998,239,4s1

PARTICUTARSORDINARY

SHARE CAPITAL

SHARE

PREMIUMSHARE MONEY

oEPOStTS

RETAINED

EARNINGSTOTAL

lst January 2015

Prior years adjustment

Adjusted opening balance

Stock Dividend

Net Profit during the Year

843,093,570 866,550,00( 80,000 202,543,743

( 1,737,889)

L,9L2,267,3L4

11,737,889

843,093,57( 856,ss0,00( 80,00( 200,805,854 L,9L0,529,425

L26,464,O3( (L26,464,03O

73,999.99( 73,999,996

10th June 2015 969.557.60( 865,550,000 80,00( 148,341,82( L,984,529,42O

PARTICULARSORDINARY

SHARE CAPITAL

SHARE

PREMIUM

SHARE MONEY

DEPOSITS

RETAINED

EARNINGSTOTAL

lst January 2014

)rior years adjustment

\djusted opening balance

ihare Money Deposit

;tock Dividend

let Profit durinp the Year

733,L24,854 866,550,000 88,000 191,633,813

(6,701,8821

L,79L,396,663

(6,701,882

733,t24,850 866,ss0,00( 88,000 184,931,93r t,784,694,781

(8,000) (8,000

L09,968,77C (109,968,720)

L27,580.532 L27,580,532

llst December 2014 843,093,57( 866.ss0.000 80,00( 202,543,743 L,9t2,267,3t3


A.


GBB POWER LIMITED

NOTES TO THE FINANCIAL STATEMENTSFOR THE 18 MONTH PERIOD ENDED ON 30 JUNE 2016

FORMING AN INTEGRAT PART OF THE FINANCIAL STATEMENTS

Compliance with the requirements of notification of the Securities and Exchange Commission dated04.06.2008 under reference f SEC/CMMRpC/2008-181 I 531 Adminl03 lZg.

1.. Notes to the financial statements marked from C-1 to C-16 outlining the policies areunambiguous with respect to the reporting framework on which the accounting policies arebased.

The accounting policies on all material areas have been stated clearly in the notes markedfrom C-1 to C-l6.

The accounting standards that underpin the policies adopted by the company can be found in

the following places of the notes to the financial statements:

The financial statements are in compliance with the Bangladesh Financial Reporting Standards(BFRS) which are adapted from the lnternational Financial Reporting Standards (IFRS) issued bythe lnternational Accounting Standards Board (IASB).

AND

5. The Standards and reporting framework used in the financial statements do not differ fromtFRS (BFRS).

B. Legal status and nature of the company - Disclosure under IAS 1 as adopted by The lnstitute ofChartered Accountants of Bangladesh as BAS 1 "Presentation of Financial Statements"

Domicile, Legol Form ond Country ol lncorporotionThe Company was incorporated on LTth October 2006 as a private company limited by shares and by a

resolution passed on 26 February 2008. lt was converted into a public company limited by shares, Thecompany implemented the Joint Venture Agreement executed between GBB Limited and CaladonianPower Limited and has done all that was necessary as per notification of award of "supply lnstallationand Putting in Commercial Operation of 20MW +l- t0% Trailer/ Skid Mounted Power Plant at Bogra onrental basis for a tenure of L5 year Project" issued by Bangladesh Power Development Board videMemo No. 108-8PDB (CS.)/(Contract)/Bogra Rental /06 dated 03.08.2006 and 15.08.2006 respectively.

2.

SL. No, Applicable Accountins Standards Note reference01. IAS/BAS - 1 4.0002. IAS/BAS - 2 5.0003. |AS/BAS - 7 7.00 & 8.0004. |AS/BAS - 10 42.OO

05. rAs/BAS - 12 9.0006. |AS/BAS - 16 5.0007. rAs/BAS * 18 10.0008. rAs/BAS - 19 14.0009. IAS/BAS - 21 11.0010. AS/BAS - 24 L6.02

11. AS/BAS - 33 12.00t2. AS/BAS - 36 13.0013. A5/BAS - 37 40.00


The company has installed and utilized the following capacity:

Address of Registered Office ond Principol Ploce of Business

The principal place of the business is in the Registered office at GBB Power Complex, BPDB Compound,

Puran Bogra, Bogra- 5800 and the Corporate Office is at Momtaz Plaza (5th Floor), House # 07, Road #

04, Dhanmondi R/A, Dhaka-1205 .

Principol Activities qnd Nqture of Operotions

Supply lnstallation and putting in commercial operation of 20MW +/- tO%Trailer/ Skid Mounted Power

Pla nt.

Number of Employees

On the payroll of the Company, there were 38 officers, 32 staff and workers /technicians apart from many

casual / contract technicians /workers.Taka

43,056,697

276,16043,332,857

The financial Statements have been prepared in compliance with requirements of lASs as adopted by

the lnstitute of Chartered Accountants of Bangladesh (ICAB) and applicable in Bangladesh.

Compliance with local Laws

The financial statements have been prepared in compliance with requirements of the Companies Act,

1994, the Securities and Exchange Rules,1987 and other relevant local laws and rules, including

compliance with lncome Tax Ordinance 1984, lncome Tax Rules 1984, VAT Act 1991 and VAT Rules

1991.

Measurement Bases used in preparing the Financial Statements.

The elements of financial statements have been measured on "Historical Cost" basis, which is one of the

most commonly adopted base as provided in "the frome-work for the preparotion ond presentation offinonciol stotements" lssued by the lnternotionol Accounting Stondords Committee (IASC).

i) 65 Staff / Officers / Employees drew yearly salary & allowances of Tk.

48,000 or moreii) 5 Staff / Officers / Technicians and many other casual workers drew

yearly salary / wages & allowances less than Tk. 48,000

,o

Significant Accou nting Policies-Disclosures

Compliance with lnternational Accounting Standards (lASs)

c.

1.00

2.00

3.00

Licensed Capacityby BERC (Net)

Saleable Rental

Capacity by PPA (Net)lnstalled Capacity Commissioned Capacity

22.80 MW 20(+/-) 10% MW 23.26 MW (100%l 19.38 MW (Upto t6/07109) and

23.26 MW after 171Q7/09

Capacity Rented Total Electricity Generated llKV(Gross)

Total Electricity Sold 33 KV(Net)

21..91.3 MW(Up to1,1/09/20tsl & 21.479(From 1.2/09/2Qt5l

27s,5Q3 MWH (100%) 262,884 MWH (96.00%)

4.00


Components of the Financial Statements

According to the lnternational Accounting Standard (lAS) 1 as adopted by ICAB as BAS 1 "Presentationof Financial Statements", the complete set of Financial Statements includes the following components:

(i) Statement of Financial Position as at 30 June 2016;(ii) Statement of Comprehensive lncome for the 1.8 month period ended on 30 June 2016;(iii) Statement of Cash Flows for the 18 month period ended on 30 June 2016;(iv) StatementofChangesinEquityforthel8monthperiodendedon30June20l6;and(v) Accounting policies and explanatory notes.

5.00 Specific accounting policies selected and applied for significant transactions and events.

Recognition of Property, Plont & Equipment ond Depreciotion.

Property, Plant and Equipment are stated at their cost less accumulated depreciation in accordance

with IAS 16 as adopted by ICAB as BAS 16 "Property, Plont ond Equipment'. Cost represents cost ofacquisition or construction and capitalization of pre-production expenditure including interest duringconstruction periods. Depreciation has been charged on additional fixed assets from the date of ready

for use. Depreciation on all other fixed assets is computed using the diminishing balance method in

amounts sufficient to write off depreciable assets over their estimated useful economic lives.

Expenditure of maintenance and repairs are expensed; major replacements, renewals and bettermentsare capitalized.

The depreciation rates applicable to the principal categories are:

Building and Premises.

Plant and Machinery....

Tools & Equipment

Furniture & Fixtures.....

Fabrication Work

Shuttering Materials....

Office Equipment ....

Office Car

The rent on leasehold land is being recognized as revenue expenses year to year, leasehold land

development has been shown under separate head. Please see Note 18.00 hereinafter.

6.00 lnventories

lnventories comprise mainly of Lubricants, spare parts, consumable etc. They are stated at the lower ofcost and net realizable value on consistent basis in accordance with IAS 2 as adopted by ICAB as BAS 2

"lnventories". Net realizable value is based on estimated selling price less any further costs expected tobe incurred for completion and disposal.

7.00 Cash and Cash Equivalents

According to IAS 7 as adopted by ICAB as BAS 7 "Stotement of Cosh Flows", cash comprises cash in hand

and demand deposit and cash equivalents are short term, highly liquid investments that are readily

convertible to known amount of cash and which are subject to an insignificant risk of changes in value.

IAS L as adopted by ICAB as BAS 1 "Presentotion of Finonciol Stotements" also provides that cash and

cash equivalents are those which have no restriction in use considering the provision of IAS 7 and IAS 1.

Cash in hand and bank balances have been considered as cash and cash equivalents.

5%

5%

5%

20%

5%

20%

20%

20%

9.00

8.00


Statement of Cash FlowsStatement of Cash Flows is prepared principally in accordance with IAS 7 as adopted by ICAB as BAS 7"Statement of Cosh Flows" and the cash flow from the operating activities have been presented underdirect method as prescribed by the Securities and Exchange Rules, 1987 and considering the provisionof paragraph 19 of IAS 7 which provides that "enterprises are encouraged to report cash flow fromoperating activities using the direct method"

Taxation

Transactions relating to lncome Tax have been disclosed in conventional manner. There appears nodeferred tax liability arising out of taxable temporary differences as per BAS-12 for that the taxdeducted at source by customer of Tk. 51,111,172 is the final liability u/s.52 N of l,T Ordinance 1984 ifthe company is to pay tax which is dependent upon award of the Court as has been stated in Note-38.00.

10.00 RevenueRecognitionRevenue arising from the sale of power at end of the each month is recognized when deliveries aremade to National Grid of Bangladesh Power Development Board (BPDB) compliance with all theconditions for revenue recognition as provided in IAS 18 as adopted by ICAB as BAS !8 "RevenueRecognition" The controctuol ogreement with BPDB provides os under os per clause 13.i(a)(i):

"lnvoice sholl be on o monthly basis. lnvoice shall be prepored by the company ond submitted to BPDBno sooner then 7 (seven) days after the end of the month for which such invoice is opplicable ond shollshow the due dote of poyment of the invoice to be 4s(forty five) doys ofter dote of issuonce of therelevont invoice. Such invoices sholl present all informotion including schedule 9, 1"0 & L1 ondcalculotion, any other informotion required by BPDB to confirm the consistency of the invoice with theprovision of the section li,i. BPDB shall poy to the company by A/C poyee cheque or Poy Order orthrough Bank Tronsfer oll omount due under this ogreement, less ony omount thot are subject todispute."

11.00 Foreigncurrencytranslation

Transactions denominated in foreign currencies are translated into Bangladesh Taka and recorded atrates of exchange ruling on the date of transaction in accordance with IAS 21 as adopted by ICAB as BAS

21 "The Effects of Changes in Foreign Currency Rotes" .

12.00 Earning Per Share (EPS)

The company calculates Earnings per Share (EPS) In accordance with IAS 33 as adopted by ICAB as BAS

33 "Earnings per Share" which has been shown on the face of Comprehensive lncome Statement andthe computation of EPS is stated in Note -39.00.

Basic EarningsThis represents earnings for the period attributable to ordinary shareholders. As there was nopreference dividend, minority interest to extra ordinary items, the net profit for the period has

been considered as fully attributable to the ordinary shareholders.

Basic Earnings per ShareThis has been calculated by dividing the basic earnings by the weighted average number ofordinary shares outstanding during the period.Diluted Earnings per ShareNo diluted EPS is required to be calculated for the period as there was no scope for dilutionduring the period under review.

13.00 lmpairment of Assets

As all assets of the company shown in the financial statements that are within the scope of 845-36 arein physical existence and valued not more than their recoverable amount following lnternationalAccounting Standards adopted in Bangladesh, disclosures with regard to "lmpairment of Assets" as per845-36 have not been considered necessary.


Employee Benefit Obligations

The Company hos implemented following employees benefit plan:

a) Annual leave with wage

b) Gratuity: this scheme is recognised by NBR.

c) Provident Fund: this scheme is recognised by NBR.

d) Festival bonus.

e) Workers profit participation and welfare fund at 5% of net profit. lt has been initiated from 2008

Trade Creditors and Other Current Liabilities

Liabilities are recognised for amount to be paid in the future for goods and services received, whetheror not billed by the supplier.

15.00 Additionallnformation

16.01 Responsibility for preparation and presentation of Financial Statements

The Management is responsible for the preparation and presentation of Financial Statements underSection 183 of the Companies Act, 1994 and as per the provision of "the f ramework for the preparationand presentation of financial statements" issued by the lnternational Accounting Standards Committee(IASC).

Transactions with Related Parties / Associated Undertakings

The company carried transactions with related parties in the arms'length basis and there is notransaction during the period with related parties.

14.00

15.00

16.02

15.03 Risk and uncertainties for use of estimates in preparation of financial statements

The preparation of financial statements in conformity with the lnternational Accounting Standardsrequires management to make estimates and assumption that affect the report, amounts of assets andliabilities and disclosure of contingent assets and liabilities at the date of the financial statements andrevenue and expenses during the period reported. Actual results could differ from those estimates.Estimates are used for accounting of certain terms such as long term contracts, provision for doubtfulaccounts, depreciation and amortization, employees benefit plan, tax reserves and contingencies.

16.04 Reporting Currency and level of precision

The figures in the financial statements represent Bangladesh currency (Taka), which have been roundedoff to the nearest integer.

16.05 Comparativelnformation

Comparative information have been disclosed in respect of the six month period ended on 30th June,2015 and the year ended on 3 1'r December 2014 for all numerical infbrmation in the flnancial statementsand also the narrative and descriptive intbrmation when it is relevant tbr understanding the currentperiod's tlnancial statements.

15.06 Turnover

Turnover comprises energy sales of the company, excluding VAT, supplementary duty, etc.

L6.07 Commission

No commission has been paid during the year under review.16.08 Brokerage or Discount

The company did not pay any brokerage or discount during the period under review.


16.09 Payment to Directors

During the period the company has paid to its Directors as follows:

15.10

16.11

L6.L2

The Directors were not paid for any other facilities from the company.

Miscellaneous Expenses

Miscellaneous expenses do not include any item exceeding 1% of total revenue.

Leases

Lease rentals against assets acquisition have been expensed as they incurred.

Acknowledgement of Claims

There was no claim against the company acknowledged as debt as on 30 June 2016.

16.13 Coing ConcernThere is no significant doubt upon the company's ability to continue as a going concern.

L6,14 Reporting Period

Financial statements of the company cover one financial period from 01 January 2015 to 30 June 2016.

16.15 Rearrange of FigureComparative figures have been rearranged, if necessary.

16.16 Loans, Advances and Deposits

This is considered good and collectible and therefore, no amount was written off as bad debt and nodebt was considered doubtful to provide for.

SL Name Designation Period Remuneration(BDT)

FestivalBonus(BDT)

Total(BDT)

1 Mrs. Shamim Ara lslam Chairman January 2015to June 2015

3,500,000 360,000 3,960,000

2 M. Taifur Hossain Managing Director January 2015to June 2015

5,400,000 540,000 5,940,000

4 Mrs. Rezina Akbar Director(Procurement)

January 2015to June 2016

4,050,000 405,000 4,455,000

Total 13,050,000 1305,000 14,355,000

ll


17.00 PROPERW, PLANT AND EqUIPMENT : TK. 1,335,281,506

The figures have been arrived at as under:

Cost as per last account

Add : Additions during the year

Less : Accumulated Depreciation

Written down value

Details have been shown in Annexure-'01'

18.00 LEASEHOLD LAND DEVELOPMENT COST: TK. 5,199,824

The figures have been arrived at as under:

Balance as per last account

Less: Amortization during the year

19.00 INVESTMENT AT COST: lK. L0,743,367

lnvestment at Opening

lnvestment During the Year

Sale/Buy During the Year

Changes in Gain/Loss

Total lnvestment at Marketable value

The break-up of the above amount is as under :

L,865,357,373 L,834,125,011 L,784,571,932

529,075,867 495,358,L58 424,827,769

1,336,281,s06 1,338,766,853 L,359,744,163

30 Jun 2016

30 Jun 2016

6,327,497

1,127,673

s,tgg,g24 5,575,715 6,327,497

30 Jun 2016

27,O47,400

12,473,445

(26,073,310)

(2,704,168)

l- 31 il rols I fl1 p". ro14 I27,047,400

( 13,231,034)

(1,239,3s9)

29,92L,96L

(2,874,551

L2,05L,28L

L0,74t,367 t2,s77,008 27,047,400

t0,743,367

UnrealizedProfit/(Loss) for

30 June 2016

(2,134,368

( 181.,446.s5

406,327.74

513,238.93

(8s0,169.93

(239,463.61

l2r7,4t5.36

(866

(2,704,t681

20.00 INVENTORIES: TK. 82,218,775

The break up of the above amount is as under :

Stock of Spare Parts

Stock of Spare Parts E-70

Stock of Lubricants

21.00 ADVANCE, DEPOSIT & PREPAYMENTS: TK. u0,526,775The break up ofthe above amount is as under :

Other Advances (Note-21.01)

Bank Guarantee Margin (Bank Asia Ltd)

L/C Margin ( Note-21.02)

Advance lncome Tax Deducted at Source

Tax Deducted at Source on other income

30 Jun 2015

34,175,240

36,456,51.5

1L,587,020

37,325,240

49,297,631

12,147,020

l- 31 p". roil l- 31 p* ro14l29,546,450

13,259,150

82,2L8,775 98,769,89L 42,805,500

f 31 D". rolsl tlt p". rox4 It,41,6,8L2

t,783,298

567,643

141,023,831

t,724,527

30 Jun 2016

4,423,049

1,933,298

5,050,226

t56,4t6,262

2,703,940

1,000,294

7,783,298

2,286,653

108,009,030

l- 31 oe. ro1s ll- 31 pfi014 IL,784,57t,932 L,784,57L,932

80,785,44t 49,553,079

t,744,883,874

39,688,0s8

I- 3 1 p; ro1 sl tlrc*- ro 14-l6,327,497

75L,782

7,079,279

751,782

Name of SharesOpening Cost

1 January 2015Quantity

Cost Value

as at30.06.2015

Market Value as

at 30.05.2016

\ctive Fine Chemical Ltd. 27,047,400

lahintex lndustries Ltd

;inger Bangladesh Ltd.

lD Lamps Ltd

ar East Life lnsurance 72,758 s,841.369 4,991,198.80

-afarge Surma Cement 55,000 4,589,964 4,350,500.00

)opuler Life lnsurance 20,000 L,597,415 1,380,000.00

:entral lnsurance r,407 22,534 2L,667.80

L70,526,775 145,516,111 1L3,079,275


2L.0L OTHER ADVANCES: TK. 4,423,O49

The break up ofthe above amount is as under:Advance Rent (Office Rent)

Advance Rent (Office Car Parking)

Advance to Staff (Against Office Work)

Advance to Staff (Against Salary)

Prepaid lnsurance Premium

30 Jun 2016

854,080

L87,920

40,089

802, L30

2,538,830

445,175

234,900

L41,369

L78,250

L,012,246 1,084,037

21.02 L/C Margin:TK. 5,050,226

The break up of the above amount is as underL/C Margin & Document Value

L/C Commission

L/C Bank Charges

L/C Customs & OthersL/C lnsurance Premiun

22.OO ACCOUNTS RECEIVABLES: TK. 93,378,76(

The break up of the above amount is as under

Bangladesh Power Development BoardT-30rr" roG--l T 31 p"c rols-l |_rt p". rol4 I

93,378,760 92,549,274 t29,168,694

93,378,760 92,549,274 L29,L68,694

30 Jun 2016 T 31 De. rols I l-1rc-- 1014 I791,t30L49,953

500,000

93,750

3,593,750 1,534,833 52,287,676

30 Jun 2016 f 31 D". rots I fll D". ro14 I5L,687,925

(s1,687,92s)

543,322

L2,375

2,L26,373

t27,58t31,288

23.00 SUNDRY DEBTORS: TK. 3,593,750


Alam Brothers (C & F Agent)

Kaltimex Energy BD Pvt Ltd.

Central Depository Bangladesh Limited

IDLC Finance Limited

Trade lnternational Oriental Autos

Liquidated Damage (Deducted at source

while making payment of rent by BPDB,XNote-23.01-)

Liquidated Damage


Opening Balance

*Write Off

s00,000

93,750

3,000,000

500,000

93,7s0

5t,687,925

23.01

51,687,925

____j1,6Wpzs._

*Taka 5L,687,925 as "Liquldated Damage" accounted as receivable from BPDB in current asset section since 2012 financial year.

These balances are arisen by reduce payment of electricity bill from government due to short supply of electricity. The

management of GBB Power Ltd. has decided to write off this balance as the amount is no longer recoverable and the arbitration

case has been withdrawn by GBB Power Ltd.

l- 3r p; ro1s_l f 31 p* ro14l52s,963

2s0,s60

75.089

565,200

________1,423 p49_ _____l, rcEn_ ______1,000 2r4

L,465,775 860,992

t- 30lr"rma-lT 31firols_lt 31pecro14 IL,831,547

27,887

3,178,130

1,2,662

5,05O,226

LL,946 t,41,0

567,643 2,286,652

Other Advances- 30 June 2016 :

Particu lars 00-03 Month 03-05 Month 06-09 Month 09-12 MonthAdvance office Rent 32 1,359 532,722Advance Rent office car parking 20,880 4L,760 62,640 62,640Advance to staff ( Against office work) 40,089Advance to staff ( Against salarv) 105.000 196,000 235.500 26s,630Prepaid lnsurance Premium 846,277 846,277 846,277

Age Analysis Accounts Receivables- 30 June 2016:

Particul ars 00-03 Month 03-06 Month 05-09 Month 09-12 Month

Bangladesh Power Development Board 93,378,760

93,378,760

Particulars 00-03 Month 03-06 Month 06-09 Month 09-12 Month

Central Depository Bangladesh Limited s00,000

IDLC Finance Limited 93,750

Trade lnternational Oriental Autos 3,000,000

Age Analysis Sundry Debtors- 30 June 20161

3,000,000

24.00 CASH AND CASH EQUIVALENTS: TK. 422,466,303


Cash in Hand at Head Office

Cash in Hand at Branch Office

Cash at Banks (Note-24.01)

Fixed deposit at Bank (Note-24.02)

24.0t CASH AT BANKS : fK. t42,842,223

The break up ofthe above amount is as under:

AB Bank Ltd.-4006-757891"-000, New Elephant Road Branch

Bank Asia Ltd. A/C 00733003080, Scotia Branch

Bank Asia Ltd. A/C 00733003201, Scotia Branch

Bank Asia Ltd. A/C 00733001252, Dhanmondi Branch

Bank Asia Ltd, A/C 002136000275, Dhanmondi Branch

Brac Bank Ltd. A/C 1501201917699001",

Dhaka Bank Ltd. A/C-205-100-7210, Dhanmondi Branch

Dutch Bangla Bank Ltd. A/C 1101200002301, Dhanmondi

Eastern bank Ltd. A/C 1061.360160874, Dhanmondi Branch

Janata Bank Ltd., Foreign Exchange Corporate Branch

Prime Bank Ltd. A/C 14511020018121, Dhanmondi Branch

Shahjalal lslami Bank Ltd.A/C 400312400000022, Dhanmondi

Shahjalal lslami Bank Ltd.A/C:40031"3100001649 Dividend A/C

BRAC EPL lnvestment Ltd. R0447 BO lD # 1604550052163888

Sharp Securities Ltd. 28999 BO A/C # 1203180052163888

Trust Bank Ltd. A/C 00170320000996, Dilkusha Corporate

24.02 FIXED DEPOSIT AT BANK: TK. 278,950,765


Bank Asia Ltd, ,Scotia Branch

Bank Asia Ltd., Dhanmondi Branch

AB Bank Ltd. (ABBL)

IDLC Finance Ltd.

Shahjalal lslami Bank Ltd.

NCC Bank Ltd., Dhanmondi Branch

422,466,303 4t7,186,933 281,447,746


593,750

30 Jun 2016

69,676

603,638

142,842,223

278,950,765

30 Jun 2016

375,332

140,695

L

1

68,354,996

L62,785

1t9,075

66,464

242,637

45,91t,t79

26,986,464

19,202

403,392

L42,842,223 185,829,337 L15,738,232

3,295,65s

65,343,901

83,L67,617

62,523,4L4

14,859,981

3,062,887

58,763,806

32,007,38615,312,188

36,909,069

L4,t42,594

Flp".ro1slflffiro14 l1,819,368

347,660

185,829,337

229,L90,568

5,066,756

444,828

L15,738,232

160,197,930

Ft D". ro$-l t 3t D". roral375,907

47,520

t27,092,730

1,6t,976

tL3,708

65,836

2t,113,7L7

t23,725

33,102,498

2,884

3,277,37r

401,466

L2,404

49,L7t

5,522

t,648

21,669,305

L59,737

805

861,789

851,957

21,1L3,7t7

125,345

70,558,659

77,039

251,136

I- 3fi;ro{il f:1D..rorsl tlm*-ror4l3,383,3s3

66,976,630

85,7 18,188

95,196,70612,500,000

15,175,888

278,9s0,76s 229,190,568 160,197,930


Age Analysis Other Advances- 30 June 2015 :

25.00 SHAREHOLDERS' EQUITY:TK. 1,978,509,832

Authorized Capital : Tk. 2,000,000,000

The company has an authorized capital of Tk. 2,000,000,000 dividedinto 180,000,000 Ordinary and 20,000,000 Preference Shares ofTk. 10

30 Jun 2016 I 31 p". rorsl I-lm*-CAol I1,978,459,533 1,998,239,451 t,972,267,3t3

Particulars 00-03 Month 03-06 Month 06-09 Month 09-12 MonthBank Asia Ltd. ,Scotia Branch 3,383,3s3Bank Asia Ltd. , Dhanmondi Branch 66.976.530AB Bank Ltd. (ABBL) 85.7r.8,188IDLC Finance Ltd. 95,t96,706Shahialal lslami Bank Ltd, 12,500,000NCC Bank Ltd., Dhanmondi Branch 15.175.888

278,950,765


26.00 SHARE CAPITAL:TK. 969,557,600The breakup of the above amount is as

84,309,357 Ordinary Shares of Taka 10 each

96,955,760 Ordinary Shares of Taka 10 each

26,01 The percentage of shareholding by different categories of shareholders is as follows:

26.02

ho rr, ,oGl ll1 p". ro1s--l Fl pec rol4 I- 843,093,570

_9q9dsr,999_ _999fr1999_ __US49UZ9_

No. ofHolder

Holdings Total Holdings %

1-3,069 Less then 500 shares 3.s25,104 s01 to 5000 sha res 9.44784 5,001 to 10,000 shares 5.9s505 10,001 to 20,000 shares 7.59165 20,001 to 30,000 shares 4.2L64 30,001 to 40,000 shares 2.3348 40,001 to 50,000 shares 2.3079 50,001 to 100,000 shares 5.7775 100,001 to 1,000,000 shares L6.74

11 1,000,001 to Over shares 42.t519,904 100.00

of the Shareholders:

Sl. No. Particulars30Jun-16 31-Dec-14

No. of Shares Value of% No. of Shares Value of shares %

1

M. Taifur Hossain

(Managing

Director)9,680,000 96,800,000 9.98 1,690,400 16,904,000 2.00

2Mrs. Shamim Aralslam (Chairman)

6.458. L08 64,581,080 6.66 1,690,400 16,904,000 2.00

3Mrs. Rezina Akbar( Di rector)

5,947,LI& 59,471,,L80 6.L4 1,690,400 16,904,000 2.00

4Mrs. Morzianal.lecan

397,s36 3,975,360 0.41 345,684 3,456,840 0.41

5Mrs. Rintia Nazim

( Director)4,275,58s 42,755,850 4.4r. 1,690,400 15,904,000 2.00

5Mrs. Rafsana

Rafioue4,275,585 42,75s,850 4.4L 4,t31, 41,,31,0 0.00

7Dr. MustafizurRahman

1 L6,541 1,165.410 0.12 101,340 1,0L3,400 0.12

I I nstitutions 1"5,932,586 159,325,860 15.43 10,654,827 106,548,270 12.64

9ot hers

(lndivid ual)49,872,70L 498,727,070 5L.44 40,074,47A 400,144,100 47.s3

10 3BB Limited 14,602,69A 146,026,900 17.32

11,Sk. Md. Rafiqul

5,6L1,616 56,116,160 6.66

t2 Engr. Fauzul Akbar 6,1.52,999 61,529,990 7.30

Total 96,955,76C 969,5s7,60C 100.00 84,309,357 843,093,s70 100.00

27.0O RETAINED EARNINGS: Tk, L42,28L,933

The Break up of the above amount is as under:

Balance as per Statement of changes in equity

ACCOUNTS PAYABLES: TK. 45,700,060The break up of the above amount is as under :

Fuchs Lubricants Bansladesh Ltd.Pashchimanchal Gas Co. Ltd.Kaltimex Bangladesh

SUNDRY CREDITORS: TK. 445,955


Agility Limited

Alam Brothers

Share Money Deposit *

Tax Deducted at Source from salary,suppliers,office rent etc.

_______ir-942209_ _________4332238-

29.00

50,000

80,000

3 15,965

80,000

354,757

445,965 434,757 525,515

30 Jun 2016

8,000

8,000

8,000

8,000

8,000

8,000

8,000

8,000

8,000

8,000

80,000

30.00 ACCRUED EXPENSES: TK.3,557,262The break up of the above amount is as under :

Remuneration & Salary

Employees Fringe Benefits (Note-30.0L)

Liabilities for Various Expenses

Office Rent

Audit Fees

2,736,100t,33,4,077

578,242

65,5 16

400,000

31 Dec 2014

1,662,9s0

8,s16,683

2,091,,945

47,970

3s0,000

3,557,262 5,093,935 L2,669,548

Fo r,l ,ors I Fl p". rors-lL42,28t,932 162,051,851

L42,28L,933 162,051,851

f;;,ro,slt-3*..,0"--l391,629

45.L28.43L180.000

-____!lsJlt0-050_

391,62937,550,580

31 Dec 2014

202,543,743

202,543,743

31 Dec 2014

397,6292t,440,609

31 Dec 2014

tt4,zLO

80,000

33 1,305


Fo;ro16l[EilAs-l

Sl. No. Name of Depositor's 30 Jun 2016

1 MD RUHUL AMIN 8,000

2 MAHBUBA UMME RAIHAN 8,000

3 SHAHINARA NESAR 8,000

4 AMANUL HOQUE 8,000

5 MD.IMDADUL HOQUE 8.000

5 HURE ZANNATH 8,000

7 QAZI URFI AHMED 8,000

8 RAYHANA ZANNATH 8,000

9 MUHAMMED MERAJ 8,000

10 TANIA SIDDIQUA 8,000

Total Tk.

31 Dec 2014

8,000

8,000

8,000

8,000

8,000

8,000

8,000

8,000

8,000

8,000

80,000

I30rr" 1016-l f1G;roG_lz,an,zal

685,899

200,000


EMPTOYEES FRINGE BENEFITS: TK. 2,671,363


Opening Balance

Payable During the year

Total

Disburse during the year

Less: Transfer to Gratuity A/C During the period

3X.00 WORKERS PROFIT PERTICIPATION FUND: TK. 13,642,004


Opening Balance

Addition During the Year

Total

Less: Disburse Ourint the Period

Participation Fund

Welfare Fund (Stiphfen & Family Assistance)

32.00 UNCLAIM DIVIDEND: TK. 27,385,981


Opening Balance

Addition During the Year

Cash Dividend

Fractional Dividend

Total

Less: Disburse during the year

Cash Dividend

Fractional Dividend

SHORT TERM BANK IOAN : TK. 36,250,387

The breakup of the above amount is as under:

Short Term Loan Bank Asia Ltd. (STL)-02135001106

short Term Loan Bank Asia Ltd. (STL)-02135001129

Short Term Loan Bank Asia Ltd. (STL) - 02135001288

short Term Loan Bank Asia Ltd. (STL) - 02135001298

Shahjalal lslam i Ba nk Ltd. A/C:4003 12400000022

Bank Asia Ltd. OD A/C 02133001382

13,642,004 1!,791,287 t2,620,773

8,516,683

3,O43,975

6,654,985

2,903,718

13,358,466

7,266,273

11,560,658

7,266,273

9,558,703

t,042,020

12,092,193

9,420,830

10,294,385

8,980,308

8,515,583

2,671,363 t,314,077 9,516,693

L3,984,079

7.0t8,245

2Ltt24,tL8

3,743,250

3,738,865

L7,L47,037

3,743,250

1,612,500

2L,002,264

7,458,L62

923,328

25t,206

161,001

244,375

95,983

97,367,967

(69,968,847)

(13,140)

4t2,207

1.2,227

340,357

89,151

27,385,981 399,980 251,205

t 30 r.',n ,0161 I-11 p". ,oil T 3r p"fi141L1.,344,545

L5,320,438

26,495,689

16,869,099

(3e1,892) L3,02L,522

36,250,387

18,939,500

74,037,894

3,006,250

266,743

42,972,997 39,696,506

F,.,"ro"lt rrfi;l f,,*.dl8,516,683

4,841.,783

f;,,,"r0,5'ltl*".ro,s -l f 3r*.,o*l

t2,620,774

8,503,34s

12,620,773

4,526,264

F;"rdll- 3ro".roul I- 31p".ro1tl251,206

96,9s5,760

161.001

18

atr)Nq@

EHBEEEBET x\x\s B H s s H N H H sl$llvco '|-co 3 - .l1l

o@$(ooolr)ooooN(oooo)soo|r)'sONrOrl"'ooU)ni@$rooco-rr:-olOO)$@V0OO)(f)(9(r)

cO Lr)- l.- CD- N- (0- N O) N- cD -rOo)df-f.-

oostr)o(f)$NO$\tONo)@@[email protected]${ Ot^ r_ xl'_

C.'l \t r orJrrN

Q0Otr)rOOtl)s.(Oo OO@()cDo)ooc)o@@oo lr)(oo|r).1 f-_ -- N- O)- O- O- N_ r- O- N_ (O- O)_ O-@rrrO$tO$tr)lr) (f)cOlr)(o\t@FO)OON\t@F (OC)c\r+(o cD r l.- N [O @ l.- cD O O cO $o.i<o-orrrl o, c.l @e.i-r N- (O

Q':'f)\|-(clONNI\-u) O OQSNO)rOCDCr)NN O 'aO- O- O- (O- (o_ O_ -- -- C\t- O- tr)- ' ' N-S(O@r$$ON(oN (O rN(f)@@@O@r'.-$N ra F*(o(f)$Orvtr)cO(y)cc) (O NOO -o) cO CD NrC)

rcle Ell> ollEfllc ollE 9ll- ol

Lilr"llv dl

l= Rll(! o, Il5 clItr ill6 -l

t3[-slls Ell> ollE f IItr 6JllG 9ll- olle 6l

L_!lml;Hllc oll, Ells f Il6 -l

[1t-Jl; .llH dllo olIN NI

l= Ello f I

l3 -llc oll6 mlL

--l+ orlo) l.r)la.l ol(o dlNol.{ 6lrn (ol**l

I

I

=^ *loNlor I-. I

.i oo'loolo- ..tld Orl.- *l

I

[-slls El

l: tll: Ell."lttl;Hllo o, IIt clItr f Il6 -l

trll.Il:;llEfllE ollG 9ll- Oll:61

E]t";l;Hll(E olIJ EIItr rIl6 -ll- ol

L:'"1l" IlE sllo olIN NIlr sll6 3llr -llc oll6 ml

L_l

EII gllifllc 0, Il6 9ll- ollaOl

Lilr";l;HllG 6rlL clItr rIl6 -l

E]l-II F{IlsRlt-tl>ollEfllc oll4 El

t5]mIPHIlrRllo o, Il= EllE:lt3l;tl;-llddllool

llEll6 JlIr -lIc ol

E]

:a(trr

=E.edEOEOa<:z!o91oA<Lz(s

cO

o)r

qq

qqt

$l$ll

QO@tr)@lr)(ooovf.- (o o) (f) coo@tol-o'j@c)N6r.-(o-o-co(o-qo)c{ N@

ooiolr)(oo(o(ocolr)cO(f)CO@$Oro)@Nr@rO)lr)O(O(f)cDONlrorrNrrcOu)(o-l'-NrO)N@OOrcqOryN-tr)-N-O-O_N_r-Nr\rrrvP<.i-1-NN \fN O

EAijuFl(UsO!EPe.rE 3 mE.,in I _ s 3$.r o).. i- E 2q: r{ P d cfl d OR: *: : E E !e nsf; @ F co (o U.; Z.= n.cdl,)trrx-!,.1 :trOY(go*l;g*-rnoEL-.:.y ,1 uip 6 gtg p.g Bg!€ * !€ ;.fFe sEu g[ -sd'tot y ..ic.r ,s,r,iR HfrE 38.:EEP€ *H VE sPEgi EiE1- EE*.S.EEx pE i3 ggt;- EEg+sjE" 5& *; E<E!E*EE*f;EtEsiigi E! Hic i*BHEiEiEE'gi*EEEOFIooui ti(nm

0.):oc

o.9

r.Ef\=NXNtrcn=o) '"dg!'- 6F_Oj.!coLOJ..!

uP=-S

=? Eu!+o\JLJ vU ^tEiJ 5rrFcuJ-o)<c 0JI,1F G,

oq<t(n

co c{o) o)\o r/)ddstNrl l'-dcn$ltr{ r"l

-... I

N Nl..{ Ot I

l-. rol(o \OINmlN+l**l

o).lLN

r.'oorOl'.u)r{

[email protected]'t-lN

!'tr

tt:(ozco(J(Jo-

oo

oL

(Uo

co

cor

Eo_oo0)o(]Boo-c

0..)-o(E

b!C(o@o

b!O.)

(.)

oq.)

(o

Eo

.9q)

ogf

.9F

ruI'Elli+llc 6Jll6 9ll- 0Jlle 6l

LilL;lP dl

l= Rllo orll= cllc f Il6 -l

t3r-;tI' tllifllE sll- Oll: 6l

l-ElEIl;Hll(o o, I

l= Ell6 -ll- olflt'_lls sllo ol

l: ElIc allr -llc ollc drl

L__l

|--II'ElI A+ Ilco, IlGgll-Olleol

t-i]l-- .^ll9dl

I rR IlEo, IlfclItrfllc-ll-oll"ll.-II'ElI >oJ IlEf IItr oJll4EllaE]lI nlt;l-dl

I =R IlGo, Il=cllcsll6-llioll'-ll---ll;.1lddllool

l:? Ilofll:-lItrolI Er6 I[l

- ol-lll\ tr)l ^rll<l $ loll

<t '.o I 6llCn stl<lllor lr)l+ll--l-ll

rn ol oost0Odsfmo)d+cri(noN\ooc)Fa oo' oo'Crl Fl

c!noo$oorJ1OrnF{oid+roF.+00 ro <t.ici+F{ F{

cnlJ)e{Ol 0O f'.tJ) (o (od .ti t'.-N I-. Ol(O rr LO

dddcn c!

O) 0O r{sf rn Floc. n 0o-(o f.. t.l)+Fr+lJ)(orn,ri e.i d

Nsfcnsfql@+r{\t.ri.i+f'\ O) <tn\n(o co rost rn

l$*l$ll

|-ryI

(o

.9CE3E g^O -c{i $3a16 trcnq0., 37ecxAJLir6

: ggH_7 sc3_3 EE,ItgEEef sE n 6

@roo.o'toFl@6

FttUJ(hzt!oxt!G,UJIFooUJgIzzII

uFtFIz

=o

ogIom

qq(!(o.96PIO';E<f;=o-=utoNofntr ql tr..t6 0.6

tJl ar q,o j N ;ooo j pr.'4st,u F ii

ir iq y 6 9 yI

=! U t\ ! II :; I ,n ; Iv) (,,,)0 i gl v) tA o :0r La

P E9 9F P E 3 gF Poo-I?b!=oo-!tloo:oV-J-9-J-(J UI ! ii.= o_ LJ 1r.r ! ii .= o_ lJ.: ll s OJ C Ol s 0J C ..f f:E^&E f S:E^&E fJu)F5(J<itl1F=U<)

N(n.j"jqqrj.l lnft1 fi1

om

N .!1F!-dcN:,.o:cLg

ci q,u?>3AGgt c)ZE8; o nE; EEZt '.a i<!s m!u!u..c^JEi b E:cOoJ!q-o3f 5o*Et-{.iqtl(n

-l- -lf}l Ln !n, colcn cadld dNlt-. F.LolLo Lo.llFl co*l*-

Fl i{(o rnqq.00No) o)slNdoi(Ot

t-{ lnm r'l(ol/)ridOl l/)Nsloid9ro

rl lf)(O F{tfllf)oo(oOt lJ.=l slsl r.O(o cf)

r{\ou1aoo)sl=iro

F{oc) rno- s.l.r) (o|J)Ost l'-rr' oislN

HO@<f\.!o) r/)$NF.i rno.i r.-'F\ Cn

0Q l-'stN$o+dr.r) <lo- 01r-l l'tNM

O FirnlJ)st l/)(o 00$olr)oro) r..c\l t-'{

OHLnma crlro rnstOu1 (o-o) rnNst

o$st o)N(O

'ri -iNrnco coFa oo'm

o-llJ)Nl$- o-l(o Lol+ml,4 $-lo) all^."l

I

I

om

@sl(o

oolooLn 016 n.'i OlFr FlO) stlrn o)tr) ol@ o)c{ Nlor orn sflF- rf)dl..ool.,ol.rlolmNFr c)IH Ool (016 Nl,) cnlo sc{ rn I t-- F{rn Fll< c{'-l^-

T;Ils HlI gl

li+llc 6Jll6 9l

E]t;l= RllE sl

Eill-II' HlI Lt

la #lItr olIs 3l

[E]l-";l- dl

lr Rllo 6rll= trllE =l

Eilr]lv I

lo rollH F{llo olIN NIl= sll6 3ll5 -l

E:]

:U)(U=

=E.sdroo:oQa<-p6$6a

-L=(usO

dro(orio)4.1

oisi

ooN c.looF{ l.\r{ cOa{ u)diNd

ooI'Nr-l Ooi r-'rn oooo roc'J' -imd

ooNOoot'. <lst lOFl c)N00Fl

oor)oFIOo)orft ON(.ocri oiFl r{

d,.orn@O)$st

t-tls El

li+llc 0, Il6 9ll- Olla 6l

LilL;lfl dl

l= RIlo 6, Ilf ElItr :llls;l[ll-II' Hl

li rllE oll6 9l

tlit;l;Hllo o, I

l5 cllE: f Il6 -ll- olL: '".]

TJlE sllo olIN NI

lr EllE ;lE]

ooloorn oln 6d Ol.i dI-. st I F{ Orst sflo lJ)m rnlro No616mF{ -llN d

I

I

rn6t!o(n

sfln000|r)00j c.irl O)l'. N

l'.'

t-tls El

li#llc olls Ella 6l

Ljjt;lr Rlll! oll;, trlIt Jll6 -l

E]l-II'tlliflItr oJllo 9l

i3mI;HIlG olIf el

lE:l[]l-'-llx pll= sllE f I

li -lItr olI G MIl- IL]

GOr-.1

(YloO!

nrnst r\sl c.ll-. (OFl 0Oocoi-l d

Oo)O) F-N$F-' Fl9NLnOr

(oO)r-l l/)@t+cnOOr rnOor

SRdl+33

j

o<f,o@rl tOoo' crtcnOF. Flj rri

833833R!!qoocoooNooo_5. 6- ( E_ \ E A 3 q 5 3 3 R I R ; 53*IRHH.Sfiq3N$ns'$.so. i- l.'- ;..l., + l'n (o Nd

[lls s;

li+llc 0JlI G 9l

L3t;l= Rll(9 orll= clItr =llc -l

L3T;II dl

ls Rl

lr +lI o 9l

l: ilI -lf,;II HI

lr Rllo orll5 cllc f Il6 -ll- olt- -l

f,_lli sllo ol

l; glI= -llE ol

E]

:aot

=E.e'dooE()a<-E69.ta

-L<(E-Co

ln@to(n

(o

<f+

O)

d,

t'. 0Orn stlO O)oo' -i()ro.rry

N

lJl Fl$slNstcri dN r/)N=t

n

f'. Fltf rloLnf'. O)Fl o)r-l .t

N

NNo) tnnqr'{ o)<i' sf@o)

F.:

lnF(n(n<ioa1

E]ls El

la#llc o, Il6 9ll- 0Jlla 6l

LjjmIP HIlr Rllo oll3 clItr rIlc -l

E]tTllr+lItr oJllG ell- ol

trlI;Il;Hllo oll, trlItr rIl6 -ll- ol[][_lln,ollr dllo olIN NI

l= sllo :, Il3 -lItr oll6 ml

L1-l

[email protected]

(nOtlnroN(oo

l$ll

Otoqlorst."rqtoeOolooOoo)o(o(omn;555oo.oC>o- ul q ..{ $- oo-' oo or 6 6 5 \p F- N9 9a co rr <. o od !.,' ".r- + O ,r; ,r; d6 rt c{ N + N - i: iri 6 E $ . .-d'l tO- !n .-r N m m++ i

EHRqfl$HEHE$HH$HfrHFfia3e33RR'3SH3S3'-'s\ u'I oo- o- N $ t9- -{ ; s' L,,,i r.ooo)dconij

E.e8.g.H.H.fl ilREBssrREI !|l n q n- cn j N .j d r.i,-.i .i Fj .ri 'jq) m $ r.- C'l (o <f cn m 5 ni rri =t m NcYl.loNdcnFrc!cri=im+d .i j

I cO O N m .! N e q) F{ @ (O rn O) F{ F\ C)8.qq3-RE333s5g3s$NKI 9 9' m .i cri oo- C-., v' d + F: cri oo' o,r' -i od!l q N sf $ rt o, \ d N 6 rr in 66 .f J nio- (o. 01 .r oo- .f N (o- co N t. - l 6 ocrlulNsfc.i-i-ij

$3r-{ P-'CoriNYodEYq)r>'.. o!a-octrJ(oG2p -eIIJP}CLs-xo,^rorloijcoJ]bo<i< :5(Josl7 L i' (J Y!

"af €: H

=-c c (o !EF:]CO:

ENOtPtYl+.ER(nt\oEd.ift o- S.f.o'; o+; i @ st o

'c - 9 d :z.:i=fFt!FcF6Eoo:.. 1,iE E Fi6 E PPlloFcnG, -L96ouhdrrG=X ; ;E p I Eo HXE-3 .9 o > .=fl Es Ec- E e sirfif ui3+ SiPgs;."E F "'tiEI f x etrfE=A16oooc_cuOb.gB_rGit*-{d_-o{=co=';:8, soitiEE:!SeEEEEsE Xt i;E!is;5EE5€ g!#= rE tz sE s EiiE E<F:633a,iui&-o<;SS3€=,!Fr< ..,

Fldq:ro()rYt g

,lq

*lq

fl

oo\oOOc{O- O- =r:<)o@F{ sf siN(O-i

Q Q -r o (o rn O(o cq $:t QO O\9 r.- C)N Ft O O t-. O c\t c{ o F.. F-t9Q qt m D. oo to ocn iC! \9O 6 6oqr,Ecd F. - + bE ut r..d r ci€-\oto-m-qco-cs1\C oo o O N, -r 5 cj 6 .f ; 6 + d5 =, 6 !o 6 c6 i(Q g..oor r-. oo-.u'oiC! A $ d.n' $oi"l',rr'o',p-o';''o',/i -'co..o';;m(oo)(nmu1 oNo)srC)6+ O; -taii5-+N r/i +,Eo(iodt-\ LO rr ro r.. F{ lJ) 1,) i N N m ca 6 F,. @ -r li o.t N N (n o)

-i c.i j -+

9-l ,oca(oOOsf 9r!Orn gOOOl.r)OmO() rnOq0occ d N oo t'o o r.. rr 6 6 o6 r.. l.r) ;i6 i6 iri 60o-.1 \ e cr') o o 6 m r.. oi, 5 6 5 6 or d m iJ 6d, 6 6!9 o oo rfl Lr) o- <- r., (o-' m q) _o- l.ri d d d ri rri Fi cri ri ..,1-q!? N It t{t !9,.o sf oo r/io o il 56 = ; is o, b dbdslrn rn(O(o F{ .{-t a rn: mtCini ---

-i c..r' +

I'.99QtN N."r OoO m !'o rn S OQr r/)O'.oo)(o r. Ooo OO O Nq.J eF. o sf \o oor C.le i coo i 6 n,n + l.r)(i -i d!d ..o6 6 rrit-(o-a st rn F. O -'{ c't (o l,), o m x m or -i O -i in In 5 5, N 6 6 r.ry (o lo @ $ to $ o) !:{ o) D. D -r'qr-(n-\oF\(o oim dcri j F.N O ri51 \ 0q9 !!.! \o !! ul -r o) o or 6 m - d 5 6 iri;i 'cri rrr N t cna.1dmood o)dc\lrt Ft !oco l--1.\coLo N rtN o.,.iir.i,/i.o---'

T;ls El

li+lItr 6JlI c 9l

E]l;;l;HlIE PIlE rlI G -ll- ol

[]l-II' HII rl

liflItr ollc all- OI

L:!]t";l; Hlll! oJll5 ElItr =ll6 -li3FIIIJ) (olld dllo olIN NI

lr EllG 5ll: -l

E:]

:ao!

=E.qdE()E()a<t'E.6a>E

co

NN

Ffiaue*[Brl n $r rHrsns s snr|fl

Q$EEHEEHfi PH FHsKSHHilU!BHilREEgEIEIIE E ;i H $ x'$ $ 5 $ 5 g s B $ s s'$ $ g. il';i ft.

- $ N'B'H sl$.]li., .' + .,i ri ;s-'- *. -

lll

akG .':.eY

!D: € EA=-oO<'r\aaillo+P E 9, ? o. d+Eidtru'=Fi6 !:!q 6" n 8- qsx *EE { u E 5 u&f€ Ifrgzep -7nx. ; 5 E [r.. qJ dr o { 9l >, o. = r! ,; = u. a ^. u,2 Z n fi o-(J!78 5:+ 9.;e !=';F y, *.E b'Z ; IZZ f I

frE uE;€+.:frriEfE sE a!= :E e+puea{uE*i.i ii 6:€ fied8 3ad i E o sji-8; tsE$EE ==u E'a FE"l=E

g> E P+E t E p,g: E,t*; a= s oz o,,; SE E fE E d=&=

r! tiEge = tE E ! z E

= Bt If,i ;EEtgt sIF;:s goF r u-,zt - c-r d d o i ! E t -l i i i;2 5 E S,

frl

Ot0qo

oq

NOao (oln l'-drioo u)no)l-- t.o(.\,1 O)Fl

roOo(oOl F.oi rrio)r)O) Orcri dF. q)

coorn(oFl 1..6i rti1.. rno) o)r/i doO Ol

NOsf (Ooo l-\ui ,.rioo rnrl Olr-' dl'- Ol

o)ol'. (OO) l'.l-\ t/)rft t,)Fl o)m(0(oo)rl

qH

Ollr)lJ1

t-{OloN

\oo)oNLAONO,!a@do$\ocncn@ONF{

r-II'EllqrlItr o, Ilc 9ll- 0, Il':ll.'lmI= Rll(g oJllr cllg f I

ETr;I'Ell: tllE ell- ol

trlt" -lIP HI

I r Rllo 6rllf ElItr rII G -l

L:il

ulH Erllo olIN NI

lr 3llf -lle ol

E]

$|ql

F. ol".llo) Olorlls x-lillO) Fl I F{ll.n Nl(olls

lll

il,ffi|

s s elell

*,111

ltls Ell> ollEflItr oJll6 9l

E]ml9 dl

I= Rlll! oll= clItr =llG -ll- oltilE]liflItr oJllG ull- olle 6l

Ljjtr;l; Hll(E oll= ElIt =lu[tli sllo olIN NI

lr PllE rllc 6l

L]

:a(Ut

=E.voEOEOa<-E-6,9

"-ii o

=EO

oC)u'lNlnr-{

c{lr)oocriosld

o ooo @orl@cON NT\0O !-Jro co\o c!r+

Fl OOr/) r{ c)O) F{ Cn0O N l-.NNr+ ooN(OFl

cr)N

!qJ:oo-cGJro''-c hou1 .c

.oYo5Olo(OE g3o Pc.t

6"iOJ >E-o!l!(oP-0,,PLLPf=roq3ior.f'tro>rc(o OSp t\6n d* o-c-oou'=c-uL;-6

fi Zo S^o(D-O-co

o)q)

,cEoL

ov)oF-c.e3cqJ

E

!

3u83 -,v or3o.B(06

:YUoE d FS

nC E ECo9o!!qr$E # BA d

=E = :E hlE.

gE ?rs ;E sfl=x:-'^Y -ec --']..g8ld;#E;EgsE 5**Et6.o5E sEES rf 50'E555ooeqN@(Yi 6

tTIlsEll>olI Er IlcollGsll-Olla6l

L ._l

EIlvdl

I >R I

lc6Jll=cllcflls;ll*."lI-II'tll>oJl

I !f IItrollcqll-oll':l| ."l

t-lI =R Ill!o, Ilfcllcall6-ll-oll--ltr-IlntollHr{lloolINNIlrsll63ll5-llcolls,nll'.l

q*lq

q-|1l

$l*lql

1*l1l

rn

o)ql(oFl

o<tr{mlnlnsf

ro

lnrnm

t-{q)

@oOlro

oNqm<f

".1

$l

rl tOl/) l--o)doO O)No,-)Fi@Nild

t'"1 o)l,)No)Nod oiNOr{ l.r)cnSi-l

ooIt!Ol:tl0,o

;o(!

o(Eoo

oo0o(Jolto:o(!

oo.ct

og(!q

u0

os ..o=trooaq)L l/) _o

ou!-vUE...>PEOOi (.oc l,x'o cEXUJts(!CLO-6c6 (,eszloai'= G. -^.; sEo::o! I rl

rA ato4=z dtroqotm


4O.OO TAX ASSESSMENT STATUS:

Accounting Year Assessment YearLiabilities as per

Assessment OrderAdvance lncome Tax

Paid/Collected

2007 2008-2009 Assessment Completed Ni

2008 2009-2010 Assessment Completed 9,291,277

2009 201,0-201,1, Assessment Completed 10,327,545

2010 201,1-2012 Assessment Completed L7,376,752

201\ 2012-2013 Assessment Completed L3,272,708

2012 2013-201_4 Assessment Completed 20,498,509

2013 201.4-2015 Assessment Completed L9,824,004

2074 201,s-2016 Return Submitted 22,594,337

2015 2016-2077 Return Not Submitted 34,739,328

2076 20L6-2017 Return Not Submitted 1.6,371,844

Total L64,296,244

NBR. Now the income tax return submission and assessment under process,

41.00 SOME INFORMATION WITH REGARD TO INCOME AND EXPENDITURE IN FOREIGN CURRENCY ETC.:

30 Jun 2016

(a) Value of lmports on C & F basis

(l) Raw Materials

(ii) Packing Materials

(iii) Components and Spare Parts

(iv) Capital Goods

Expenditure in Foreign Currency for Royalty, Technical Fee,

Professional Advisory fee, lnterest and Others.

Value of Consumed Raw Materials, Packing Materials, Stores &

Spares consumed with percentage:

Nil

Nil

Nit

usD 25,112.50

Nil

62,2t7,286

30 Jun 2016

Nit

Nil

Nil

Euro 429,000

& SGD

9 417.?q

NilNit(b)

(c)

Nil

Nil

Nit

Nil

(d)

(e)

lmported

Loca I

The amount remitted during the year in foreign currencies on

account of dividends with a specific mention of the number of non-

resident shareholders,

Earnings in foreign exchange classified under the following heads

namely:-(i) Export of goods calculated on F.O.B basis;

(ii) Royalty, know-how, professional and consultation fees ;

(iii) lnterest and dividend ;

(iv) Other income, indicating the nature thereof.

100

I 31 pec rol4l

Nil

Nil

Nil

Nil

Nil

Amount Amount Amount

Raw

Materials%

Packing

Materialso/o Stores & Spares %

24

42.00 coNTINGENT LlABlLtTy (BAS-37):

* Demand Against Gas Bill** lncome Tax

30 June 2016

152,697,641

164,296,244

_____il6,99%88s_* ln contravention to certain provisions of the Gas Act, 2010 the Gas supplier has been demandingcharges on higher Heating Value (HHV) resulting in dispute between the parties.

After exhausting all other legal efforts, the dispute has been referred to the Arbitral Tribunal ofBangladesh Energy Regulatory Commission (BERC) as per section 40 of the BERC Act, 2003.

Currently the Tribunal proceedings are Sub-Judice.

** The company was awarded lndependent Power Producer (tPP/ license on 10/Ot/2013 by theBangladesh Energy Regulatory Commission (BERC) as per direction by the Honorable SupremeCourt and as per issued license the company is supposed to enjoy tax holiday for 15 (fifteen) years

from its date of commercial production dated 17.06.2008 in light of SRO No. 114-AlN/ L999 dated26.05.1999 of NBR.

The Taxes Appellate Tribunal, Division Bench-2, Dhaka has, in its order dated 30/11/20\5, alreadydirected the Deputy Commissioner of Taxes to allow the said exemption and consider the above

amount as income of the company.

43.00 There was no claim against the Company which is to be acknowledged as debt as on 30-06-2016.

44.00 Subsequent Event:

(a)The board of Directors recommended 5% final cash Dividend (interim cash dividend of taka

1.00 per share (i.e. 1,0%) for the period from 01 January to 3L December 2015 has already been

disbursed) for the period ended on 30 June 2016 to all shareholders subject to the approval ofthe shareholders in the Annual General Meeting.

(b) There is no other significant event that has occurred between the Balance Sheet Date and thedate when the financial statements were authorized for issue by the board of directors.

h. zi1--Managing Director Director Company Secretary

*.=

oE

\o\oLNoNrood

@$N\rOil

oo@tNto

troG(J

EELoootroGI.9

coUf!oLo-o!og)(o

tl

.oE

,9,

Ero

oP!o)c,lL(!tl

GoF

gG'= trrr=ooioN-Gogs5.'E=ni';a

Nolf..dHF-Ho\

Ol@\o@tr\NoO

(nNNil@oior!

tntn$t@na

-t

dHG1

N$tnr{

\oOttilc\Ol@

[email protected]\l

\i'N@oo'Otf\

rOou1

@NlOman

tro

E(Joooo

trtDOFaoONoggf;ool-(vl

s.@Orrn<-Nf.\rf)

Oli\oOOlnoN@0.)

to@c"1Olirf)@

@@@n'l'o$N

Nm[nc'1tN

Ot@ilutFlOl\r

rOrf)i

NOlOl

OrOrlr)\olr)cOi

ro6u't

oC'TNu)

Eo.9.= o)

=o.og

cf)oOlLN|.\

N

Orcr)Ol@NOtrOf-\

f..il

rn@ttf)H

l..)

Udcf)t/)

H$Nn-@cr)

cr)@il<)Nil

Ot(nNNN@d

H(f)@lndH

oo@tN$o

HrnEH8"EOOFt

Eg

@O@@LO

Off)

o@\ocoils-aF{

oO

NNN@OItNrO

rotN\o\o@d

\oOlN@tJ)Nd

roOOlr)ilNrf)

@Fls\ptoO-@

@\or\O\l.NH

o19

N€tNt

oGd

su) stn s[n

sON

sON

sON stn sOa\

ooU

trlt)OF{oUINGc

I'iooF(YI

\oNNtf)tf)to\Nil

@oc/)Otcf,)drriOrcni

t"\Fl

LNNN<i-@N

cnv(nI.\@Ncf)

@n-@OOt\ocn

LN@@\ocf)@m

oOIt@\o#lr)aaaa

rnN$LNtn\o

mm

u)tYlroto€

(al5 g.E.'H'E

^*!, f :E=i

OoOOo@(n

[email protected]'@Nodrn

ooool\ornd

O\o(\r\orO

osf\oN!-@rf)

t!tlnq,

oo

HrnBH8cEsES

\oNNtntnrOtNil

N(otNtnto\orf)cnr{

NdFI

{-@tnONN

corf(nN@t*.cn

@@@toAIOcn

LNto$Olclrol

tnN@(oLa)

0.)c,o

cf)Ns-tnL''\oi

l.tmo

u1

$fi,

o!Itoa.

(/)c).9EoLo-dO)

Ef

boEUNEod

(o?i-

P

qJ

E.sgtudaEoL-

vlOJ

PxiIdE2ELtt

Pco)E,+g

UJq)()rr-)

rg(Jq,(J(EI-

fZLo

={:(oI'tr-o(gLL

r./)

rI,Lg(o

=gl'-OJ

!

ooF

r{l?lEI

=lxlolcltrl<l

:a(g!

=E.cr" 6EO'io oa<-E-6'9

"EA<Llci

c)

FztllEo.t{

c,UJ

oouz ^EIEE2XH{o-=E

g;Hgurr-o.*<EX?(9u-

ou.tJ

oIIJIUo

(ON

I'*d

Y

,E

trotr

tn@OtnN@olto

$o(ntnOf.\

@@mo(Ylu'to

;o

,gIoCLooocolEo-9a

oU=!Io-oP!oo)Lo()

.9(oL

Pt^.E

c!

oI

!oEoEt)

IE

oF

5=b6 0€:E5TgsER5 ss

I.\[nlr)c,otOd-Ol

oiJ.)aa{-$(.onnOOd

NOl\oroOtil\0Oa!

O@@\ocOtn

0.)n-NNilHj

Ncrl

\N

Nrnn-N@iltN

$N\H0.)rf)

mln00lo(o

@ct(n

oG(J

EEIoo

5IoEr,nG On

EER.O -1F(n

OtilNNitlr)no

\orn@oOtoN\ocf)

ON$d@o@N

ao(o\rotoNN

tntc!rONON

\r(n@(nd'@v

r{tn-OlNcr1

o\

OlOl\o(..)Nrf)il

q,u)t{oulmu)(r!$

Eg'.9.=b=a.og

@oo

\rt@s:

\o[nilNN\odl/)

md-\oNNrnOil

ONNt@rn

Ott\Fa\oN

@N@@N\o

c1NocoNN

H(f)OlN@

@@mo(nulo

ErnEH8ctrGGFi

E5

H@c)@\o[nOrn

O@\oc,.)rltodr,o

NNN@ONf-\\o

ro$'N\o\o@t

@OtN@LNNH

\oOt1tNcn

@t$\oLNO@

@\oNo$N

org

nlq,\tN\t

oGd

st) sln sLN

sONsoN

sON str,)

soN

oo()

5ToEnlEod

EER.onFtvt

\oNNtf)tntO)N

@€iltnrnNL/)\orn

N

LNNN$€N

aotoO

N@l*-c,o

@@s.oor1-ilrf)

rnO@tnt,1u)NH

(f)N@\oilLN

rf)0.)

('f)NtLr)LO

'ot

t{olnNr{*m€

(,l,5 g'3Ef-E'8

OOOoo@cn

Or

\N@rf)oiGl

OOOilo!\ocoil

OorJ)f.\til

O\oNil\otnN

C'I

otYlroroo$

ErnEH8cEsE5

\oNIt-lr)t.r)(ou)N

N(otNLNaa\o0.)(f)H

Nil

$@u.)

ONN

nos-roN@Nrf)

@@@tr')Nom

tng\rOlOtOt

coN@\olr)00fr)

cnN$LNtn\o

Nmgir{t\ulttoN

o!IEo4

U)CJ.9Eo)Lo-dO)

=

.0)

'=U(!Ed(sa-

EoE.s3glrld|,,)

oe

ooPxi.E

od

E=2L

tt

oE.+=u

LlJ

IEa')

(oUI

La)

tlLo

=.9o(J'tr-oo

t/)(oLo

P(g

=OlC

o)t

tE

oF

dl?lEI

=lxloJltrltrl<t

:a(g=

=E.e'dE()EOa<vo6'9 'EA

-Lz(E-cO

Fzu,tEo.FI

oUI

oonuJztrEIH=2bt-l < ltJJtrd,* gluJix

FE;;9rEtro

qJJ

outEIo

fu-*= effi - profullcrack€¦ · conducted our audit in accordance with bangladesh standards on...

Documents