evwl©k cÖwz‡e`b 2010-11 · 2017-11-09 · s.m. aminur rahman s.m. aminur rahman managing...

evwl©K cÖwZ‡e`b 2010-11 Annual Report 2010-11

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e¨e¯’vcbvq t Bb‡f÷‡g›U K‡c©v‡ikb Ae evsjv‡`k Managed by : Investment Corporation of Bangladesh

Head Office : BDBL Building (Level 14-17)

8, Rajuk Avenue, Dhaka-1000

Post Box no. 2058

Cable : INVESTCORP

Phone : 9563455 (auto hunting)

Fax : 880 2 9563313

E-mail : [email protected]

web site : www.icb.gov.bd

Auditors : A. Matin & Co.

Chartered Accountants

91, Kakrail (3rd floor), Flat No.-8

Dhaka-1000

Phone: +880-2-8318191

E-mail: [email protected]

Syful Shamsul Alam & Co.


Paramount Heights (6th Floor)

65/2/1, Box Culvert Road

Purana Paltan, Dhaka-1000

Phone: +880-2-9555915, 9515431

Fax: +880-2-9560332

E-mail: [email protected]

Web: www.ssacbd.com

Legal Adviser : Dr. Kamal Uddin Bhuiyan LL.B (Hon's), LL.M, Ph.D

Advocate, Bangladesh Supreme Court

Room No-4020 (Annex)

Supreme Court Bar Association Building

Shahbag, Dhaka-1000

Phone : 9515049, 01716-736389

Income Tax Adviser : Khan Wahab Shafique Rahman & Co.


Rupali Bima Bhaban

7, Rajuk Avenue, (5th Floor),

Motijheel, Dhaka-1000

Phone : 9565136, 9551663

Bankers : Janata Bank Ltd. Local Office Agrani Bank Ltd. Amin Court Branch IFIC Bank Ltd. Motijheel Branch Dhaka Bank Ltd. Local Office Dutch-Bangla Bank Ltd. Local Office City Bank NA 23, Motijheel C/A, Dhaka-1000

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mvaviY Z_mvaviY Z_¨vejxvejx General InformationGeneral Information

ChairmanDr. S. M. Mahfuzur Rahman

Managing Director Md. Fayekuzzaman

Directors

Kazi Shofiqul Azam

Gokul Chand Das

Abu Hena Mohd. Razee Hassan

Dr. Md. Zillur Rahman

Md. Humayun Kabir

Syed Abdul Hamid

S.M. Aminur Rahman

Md. Rezaul Karim

SecretaryMd. Moshiur Rahman

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Administrator

Cross-Out

m~wPcÎ Contents

AvBwmweÕi cwiPvjK cl© 4 Board of Directors of ICB 4Kvh©µ‡gi msw¶ßmvi 5 Operational Highlights 5e¨e¯’vcbv cÖwZ‡e`b I wnmve 7 Management Report and Accounts 7AvBwmwe wgDPyq¨vj dvÛmg~n 8 ICB Mutual Funds 8K…ZÁZv ¯xKvi 10 Acknowledgement 10cÖ_g AvBwmwe wgDPyq¨vj dvÛ 11 First ICB Mutual Fund 11wØZxq AvBwmwe wgDPyq¨vj dvÛ 34 Second ICB Mutual Fund 34Z…Zxq AvBwmwe wgDPyq¨vj dvÛ 58 Third ICB Mutual Fund 58PZz_© AvBwmwe wgDPyq¨vj dvÛ 81 Fourth ICB Mutual Fund 81cÂg AvBwmwe wgDPyq¨vj dvÛ 105 Fifth ICB Mutual Fund 105lô AvBwmwe wgDPyq¨vj dvÛ 129 Sixth ICB Mutual Fund 129mßg AvBwmwe wgDPyq¨vj dvÛ 154 Seventh ICB Mutual Fund 154Aóg AvBwmwe wgDPyq¨vj dvÛ 178 Eighth ICB Mutual Fund 178AvBwmweÕi Awdmmg~n 204 Offices of ICB 204

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ChairmanChairmanDr. S. M. Mahfuzur RahmanDr. S. M. Mahfuzur Rahman Professor, Department of International BusinessUniversity of Dhaka

Managing Director Managing Director Md. Fayekuzzaman Md. Fayekuzzaman

DirectorsDirectors

Kazi Shofiqul AzamKazi Shofiqul Azam Joint Secretary, Budget-1Finance Division, Ministry of FinanceGovernment of the People's Republic of Bangladesh

Gokul Chand DasGokul Chand DasJoint Secretary (Administration)Bank and Financial Institutions DivisionMinistry of FinanceGovernment of the People's Republic of Bangladesh

Abu Hena Mohd. Razee HassanAbu Hena Mohd. Razee HassanExecutive DirectorBangladesh Bank

Dr. Md. Zillur RahmanDr. Md. Zillur RahmanManaging Director Bangladesh Development Bank Ltd.

Md. Humayun KabirMd. Humayun KabirManaging Director & CEOSonali Bank Ltd.

Syed Abdul HamidSyed Abdul HamidManaging Director & CEOAgrani Bank Ltd.

S.M. Aminur Rahman S.M. Aminur Rahman Managing Director & CEOJanata Bank Ltd.

Md. Rezaul KarimMd. Rezaul KarimManaging Director Sadharan Bima Corporation

SecretarySecretaryMd. Moshiur Rahman Md. Moshiur Rahman

cwiPvjK cl©` 30 Ryb 2011 Zvwi‡L Board of Directors as on 30 June 2011

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4

Operational Highlights Launching

Name of the Fund Date of Launching Paid-up Capital (Taka in lac)

First ICB Mutual Fund

25 April 1980

75.00

Second ICB Mutual Fund 17 June 1984 50.00

Third ICB Mutual Fund 19 May 1985 100.00

Fourth ICB Mutual Fund 06 June 1986 100.00

Fifth ICB Mutual Fund 08 June 1987 150.00

Sixth ICB Mutual Fund 16 May 1988 500.00

Seventh ICB Mutual Fund 30 June 1995 300.00

Eighth ICB Mutual Fund 23 July 1996 500.00

Total 1750.00 Portfolio Position, Market Price per Certificate and Number of Certificate Holders

(as on 30 June 2011)

Name of the Fund Total Cost Price of the

Portfolio (Tk. in lac)

Market Value of the Portfolio

(Tk. in lac)

Market Price per

Certificate (Taka)

No. of Certificate-

Holders

First ICB Mutual Fund 925.25 8801.05 10463.50 965

Second ICB Mutual Fund 679.39 1899.79 4025.00 980

Third ICB Mutual Fund 749.59 2674.97 2585.00 1360

Fourth ICB Mutual Fund 835.44 2808.21 2261.00 1140

Fifth ICB Mutual Fund 1091.92 3747.11 1701.00 2330

Sixth ICB Mutual Fund 1486.99 4305.13 673.00 5775

Seventh ICB Mutual Fund 1555.76 4444.78 1237.75 2150

Eighth ICB Mutual Fund 1898.10 5182.24 708.50 4700

9222.44 33863.28 19400

Operational Results (2010-11)

Name of the Fund Net income for the year 2010-11

(Tk. in lac)

Distributable income per

Certificate as on 30 June 2011

(Taka)

Ex-dividend Net Asset Value per Certificate

(Taka)

First ICB Mutual Fund 485.23 1253.51 10547.07

Second ICB Mutual Fund 165.10 649.98 2668.31

Third ICB Mutual Fund 248.34 485.23 2022.95

Fourth ICB Mutual Fund 234.02 477.22 2219.72

Fifth ICB Mutual Fund 283.93 309.99 2054.01

Sixth ICB Mutual Fund 528.87 165.57 725.67

Seventh ICB Mutual Fund 404.11 220.47 1118.89

Eighth ICB Mutual Fund 616.29 195.43 845.99

Dividend Performance

(Tk. per certificate)

Financial Year Mutual Funds 2006-07 2007-08 2008-09 2009-10 2010-11


Tk.190, 1B:2 265.00 310.00 400.00 500.00

Second ICB Mutual Fund 62.00 75.00 95.00 200.00 250.00

Third ICB Mutual Fund 56.00 65.00 85.00 140.00 185.00

Fourth ICB Mutual Fund 52.00 60.00 80.00 125.00 165.00

Fifth ICB Mutual Fund 33.00 45.00 56.00 100.00 135.00

Sixth ICB Mutual Fund 23.00 30.00 37.00 75.00 90.00

Seventh ICB Mutual Fund 22.50 30.00 35.00 70.00 95.00

Eighth ICB Mutual Fund 18.00 25.00 32.00 65.00 90.00

Meeting for declaration of dividends of ICB Mutual Funds for 2010-11 is in progress eë ’vcbv cÖwZ‡e`b I wnmve Management Report and Accounts AvBwmwe (mvaviY) cÖweavbgvjv, 1977 Gi 29-L Gi 7bs Dc-wewa Abyhvqx K‡c©v‡ikb Avb‡›ì mv‡_ AvUwU wgDPzq¨vj dv‡Ûi 30 Ryb 2011 Zvwi‡L mgvß A_©eQ‡ii evwl©K eë¯’vcbv cÖwZ‡e`b I wbixw¶Z wnmve GZ`&m‡½ Dc¯’vcb Ki‡Q|

In terms of the sub-regulation (vii) of Regulation 29-B of ICB (General) Regulations 1977, the Corporation is pleased to present herewith the Annual Managememt Report and Audited Accounts of its eight Mutual Funds for the year ended 30 June 2011.

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ICB is the pioneer organization of initiating mutual fund in Bangladesh. The country’s first mutual fund, the “First ICB Mutual Fund” was launched on 25 April 1980. Since then ICB had floated 8 mutual funds of total capital of Tk. 17.5 crore up to 1996. ICB mutual funds are now perceived by investors as a rewarding and relatively safe investment instruments because of their strong and steady performance in terms of dividend and portfolio management. ICB has been able to declare attractive dividends on its Mutual Funds during 2010-11 as previous years. Among the 8 Mutual Funds the highest dividend of 500.00 per cent was declared on the First ICB Mutual Fund followed by 250.00 per cent on the Second ICB Mutual Fund, with lowest being 90.00 per cent declared on the Eighth ICB Mutual Fund during the year under review. The rates of dividends for the previous year ranged from 65.00 to 400.00 per cent. In 2010-11 the market prices of all the Mutual Funds on Dhaka Stock Exchange Ltd. & Chittagong Stock Exchange Ltd. were above their par values, reflecting strong performance of the Funds. To fulfil it’s own dictum in extending equity, ICB has been successful greatly from the evidence of number of certificate holders which was 19400 as on 30 June 2011. The portfolios of all the mutual funds were managed with diligence and prudence to ensure maximization of return and minimization of risk in the interest of investors.

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Consolidated Portfolio Statement

As on 30 June 2011 cost price and market price of eight Mutual Funds were Tk. 9222.44 lac and Tk. 33863.28 lac respectively. A consolidated statement of the portfolios of the Funds is given in table -1 :

Table- 1: Consolidated position of portfolios of ICB Mutual Funds as on 30 June 2011

Sl. no.

Particulars First ICB

Mutual Fund

Second ICB

Mutual Fund

Third ICB

Mutual Fund

Fourth ICB

Mutual Fund

Fifth ICB

Mutual Fund

Sixth ICB

Mutual Fund

Seventh ICB

Mutual Fund

Eighth ICB

Mutual Fund

1. No. of Companies 128 126 143 142 159 190 185 180

2. No. of Securities 129 130 146 145 162 195 190 181

3. Total investment at cost (Tk. in lac)

925.25 679.39 749.59 835.44 1091.92 1486.99 1555.76 1898.10

4. Market Value (Tk. in lac)

8801.05 1899.79 2674.97 2808.21 3747.11 4305.13 4444.78 5182.24

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Price Movement

During the year under review, certificates of eight Mutual Funds were actively traded on the floor of the Dhaka Stock Exchange Ltd. & Chittagong Stock Exchange Ltd. The highest and lowest prices of the eight ICB Mutual Funds Certificates on Dhaka Stock Exchange Ltd. during 2010-11 are shown in the following table.

Table – 2: Market prices of ICB Mutual Funds during 2010-11

Sl. no. Mutual Funds Highest market price

(Taka)*

Lowest market price

(Taka)*

Closing market price (Taka)

as on 30 June 2011

1. First ICB Mutual Fund 11050.00 8095.00 10463.50 2. Second ICB Mutual Fund 4260.00 2420.00 4025.00 3. Third ICB Mutual Fund 2653.25 1751.00 2585.00 4. Fourth ICB Mutual Fund 2650.00 1775.00 2261.00 5. Fifth ICB Mutual Fund 2200.00 1480.00 1701.00 6. Sixth ICB Mutual Fund 919.00 550.00 673.00 7. Seventh ICB Mutual Fund 1378.75 921.00 1237.75 8. Eighth ICB Mutual Fund 990.00 650.00 708.50

* as per price quotation of Dhaka Stock Exchange Ltd.




Directors

Kazi Shofiqul Azam

Gokul Chand Das



Md. Humayun Kabir

Syed Abdul Hamid

S.M. Aminur Rahman

Md. Rezaul Karim


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The Board of Directors puts on record with profound gratitude the assistance and co-operation received by ICB during the year from the shareholders, Ministry of Finance, Ministry of Industries, Ministry of Commerce, Bangladesh Bank, Securities & Exchange Commission, different Commercial Banks, Insurance Corporations, Bangladesh Development Bank Ltd., Dhaka Stock Exchange Ltd., Chittagong Stock Exchange Ltd., Central Depository Bangladesh Ltd., Board of Investment, Privatization Commission, other concerned ministries/agencies, print and electronic media and particularly from its valued clients. The Board of Directors also thanks them for their unwavering continued co-operation and hope that their support will remain intact in future.

The Board of Directors deeply appreciate the officers and employees of ICB and its subsidiary companies for their excellent performance, sincere and devoted efforts towards the growth of the Corporation and upholding its image.

K…ZÁZv Zv ¯^xKvi^xKvi Acknowledgement

10

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Dividend Income

The Fund has earned an amount of Tk.89.24 lac as dividend from 56 securities during 2010-11 of which a sum of Tk. 59.96 lac (67.19 per cent) was received in cash within 30 June 2011. Details of dividend income and receivables are shown in Annex-1.1 and Annex-1.2 respectively.

Capital Gains on Sale of Investments

During 2009-10, the Fund has earned Tk. 399.98 lac as capital gains by selling securities of 81 companies. Details of capital gains are shown in Annex-1.4.

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Income, Expenses and Distributable Income During the year under review, the Fund has earned a gross income of Tk. 505.30 lac by way of dividend income of Tk. 89.24 lac, interest income of Tk. 14.04 lac on bank deposits, capital gains of Tk. 399.98 lac and other income. After deducting the total expenses of Tk.20.14 lac incurred as staff expenses, interest on current account with ICB, management fee, printing and stationery, postage and telegram, bank charges, provision against investment and others the net income of the Fund stood at Tk.485.23 lac. Taking into account the previous year’s undistributed income of Tk. 454.90 lac the Fund had a net distributable income of Tk.940.13 lac as on 30 June 2011 resulting in distributable income per certificate of Tk.1253.51.

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Av‡jvP¨ dvÛ 2010-11 A_©eQ‡i cÖwZwU 100.00 UvKv g~j¨gv‡bi mvwU©wd‡K‡Ui Rb¨ 500.00 kZvsk jf¨vsk †NvlYv K‡i‡Q hv c~e©eZ©x A_©eQ‡i wQj 400.00 kZvsk| jf¨vsk cÖ v‡bi Rb¨ †gvU 375.00 j¶ UvKvi ms ’vb ivLvi ci dv‡Û 565.14 j¶ UvKv Aew›UZ gybvdv wn‡m‡e _v‡K| mviYx- 1.1 G dv‡Ûi eQiIqvix ‡NvwlZ jf¨vs‡ki nvi cÖ`wk©Z nj:

Dividend

The Fund has declared dividend at the rate of 500.00 per cent which was 400.00 per cent for the previous year. After making provision of Tk. 375.00 lac for payment of dividend the Fund had an undistributed income of Tk. 565.14 lac. The year-wise dividend performance of the Fund is shown in the Table-1.1 :

Table – 1.1: Year-wise dividend performance

Dividend per certificate Dividend per certificate Financial year Interim Final Total

Financial year Interim Final Total

1980-81 1981-82 1982-83 1983-84 1984-85 1985-86

1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95

12.00 12.00 12.00 16.00 18.00 20.00 22.00

8.00 8.00 8.00 9.00 17.00 18.00

19.00 48.00 49.00 49.00 35.00 31.00 31.00 45.00 50.00

20.00 20.00 20.00 25.00 35.00 38.00 41.00 48.00 49.00 49.00 35.00 31.00 31.00 45.00 50.00

1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

60.00 70.00 70.00 100.00 125.00 170.00 175.00 180.00 200.00 210.00 210.00

190.00, 1B:2 265.00 310.00 400.00

500

60.00 70.00 70.00 100.00 125.00 170.00 175.00 180.00 200.00 210.00 210.00

190.00, 1B:2 265.00 310.00 400.00

500

cÎ‡Kvl

2010-11 A_©eQ‡i G dvÛ KZ©„K 23wU †Kv¤úvwbi wmwKDwiwU‡R 127.35 j¶ UvKv wewb‡qvM Kiv n‡q‡Q| 30 Ryb 2011 Zvwi‡L G dv‡Ûi cÎ‡Kv‡l 925.25 j¶ UvKv µqg~‡j¨ 129wU ‡Kv¤úvwbi wmwKDwiwUR wQj hvi evRvig~j¨ wQj 8801.05 j¶ UvKv| 30 Ryb 2011 Zvwi‡L dv‡Ûi cÎ‡Kv‡li we¯—vwiZ weeiY cwiwkó-1.3 G cÖ`wk©Z n‡q‡Q| 30 Ryb 2011 Zvwi‡L cÖwZwU 100.00 UvKv g~j¨gv‡bi cÖ_g AvBwmwe wgDPyq¨vj dvÛ mvwU©wd‡K‡Ui jf¨vsk cieZx© bxU m¤c`g~j¨ `uvovq 10547.07 UvKv|

2010-11 A_©eQ‡i 100.00 UvKv g~j¨gv‡bi cÖ_g AvBwmwe wgDPyq¨vj dv†Ûi mvwU©wd‡KU cÖwZ cÖviw¤¢K I mgvcYx evRvi g~j¨ wQj h_vµ‡g 8627.50 UvKv I 10463.50 UvKv| 30 Ryb 2011 Zvwi‡L dv‡Ûi mvwU©wd‡KU‡nvìvi‡`i msL¨v wQj 965 Rb|

Portfolio

During 2010-11 the Fund has made an investments of Tk.127.35 lac in securities of 23 companies. As on 30 June 2011 the Fund had securities of 129 companies in its portfolio with a total cost of Tk.925.25 lac, the market value of which was Tk.8801.05 lac. Details of the portfolio of the Fund as on 30 June 2011 are given in Annex-1.3

The ex-dividend net asset value per certificate of Tk.100.00 each of First ICB Mutual Fund stood at Tk. 10547.07 as on 30 June 2011. The opening and closing market price per certificate of First ICB Mutual Fund of Tk.100.00 each was Tk. 8627.50 and Tk. 10463.50 respectively in 2010-11.

The number of certificate holders of the Fund was 965 as on 30 June 2011.

Auditors’ Report To the Certificate Holders of First ICB Mutual Fund

We have audited the accompanying Financial Statements of First ICB Mutual Fund (the “Fund”) which comprise the Statement of Financial Position as at 30 June 2011, Statement of Comprehensive Income, Statement of changes in equity, statement of cash flows for the year ended, and a summary of significant accounting policies and other explanatory information. The financial statements of the Fund for the year ended 30 June 2010 were jointly audited by Rahman Mostafa Alam & Co., Chartered Accountants and A. Matin & Co., Chartered Accountants who issued unqualified opinion on 25 July 2010. Management’s Responsibility for the Financial Statements: Management is responsible for the preparation and fair presentation of these financial statements of the Fund in accordance with Bangladesh Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of these financial statements of the Fund that are free from material misstatement, whether due to fraud or error Auditors Responsibility Our responsibility is to express an opinion on these financial statements of the Fund based on our audit. We conducted our audit in accordance with Bangladesh Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements of the Fund are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on our judgement, including the assessment of the risks of material misstatement of the financial statements of the Fund, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the entity’s preparation and fair presentation of the financial statements of the Fund in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements of the Fund. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion: In our opinion, except for the effects on the financial statements of the matter discussed in the emphasis of matter paragraph, the financial statements of the Fund prepared in accordance with the Bangladesh Financial Reporting Standards (BFRS), give a true and fair view of the financial position of the Fund as at 30 June 2011 and the results of its financial performance and its cash flows for the year ended 30 June 2011 and comply with the ICB Ordinance 1976, the Mutual Fund Regulations 1993, the Securities and Exchange Rules 1987 and other applicable laws and regulations.

Emphasis of matter: We draw attention to note 23 of the financial statements which describes the deviation of few requirements of BAS/BFRS due to considering volatile stock market scenario and conservative policy of fund management. Our opinion is not qualified in this matter. We also report that:

i. we have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit and made due verification thereof;

ii. in our opinion, proper books of account as required by law have been kept by the Fund so far as it appeared from our examination of those books;

iii. the statement of financial position and statement of comprehensive income of the Fund dealt with by the report are in agreement with the books of account; and

iv. the expenditure incurred was for the purposes of the Fund's business.

Sd/- A Matin & Co.

Sd/- Syful Shamsul Alam & Co.

Chartered Accountants Chartered Accountants Dhaka, 30 July 2011

Investment Corporation of Bangladesh First ICB Mutual Fund

Statement of Financial Position as at June 30, 2011

Note 30.06.2011 Taka

30.06.2010 Taka

Assets Investments at Cost 4 92,524,727 88,770,795 Cash at Bank 5 44,019,206 24,917,312 Dividend Receivable 6 4924395 3,076,574 Share Application Money 7 - 2,500,000 Total Assets 141,468,328 119,264,681 Liabilities Accrued Expenses 8 13,944 63,944 Unclaimed Dividend 9 22,681,451 22,613,868 Provision for loss on value of investments 10 12,851,762 11,851,762 Provision for dividend receivable 11 42,500 42,500 Other Liabilities 12 3,091,205 428,489 Total Liabilities 38,680,863 35,000,563 Net Assets 102,787,466 84,264,118

Net assets consists of: Capital Fund 13 7,500,000 7,500,000 General Reserve 14 1,273,627 1,273,627 Distributable Income 15 94,013,839 75,490,491

102,787,466 84,264,118

Net Asset Value (NAV) per share Net assets-at cost 102,787,466 84,264,118 Net assets-at market value 828,530,206 770,826,000 Share of capital stock outstanding 75,000 75,000 Net assets value-at cost 1370.50 1,123.52 Net assets value-at market value 11,047.07 10,277.68

The annexed notes from 1 to 24 form an integral part of these financial statements.

Sd/- Sd/- Sd/- Sd/- S.M. Aminur Rahman Md. Fayekuzzaman Kazi Shofiqul Azam Abu Hena Mohd. Razee Hassan

Chairman Managing Director Director Director

As per our report of same date.

Sd/- Sd/- A. Matin & Co. Syful Shamsul Alam & Co. Chartered Accountants Dhaka, 30 July 2011



Statement of Comprehensive Income for the year ended June 30, 2011

Income

Notes 30.06.2011 Taka

30.06.2010 Taka

Dividend earned 16 8,924,431 8,570,478Interest on bank deposits 17 1,404,010 798,665Interest on current account with ICB 210,432 -Net realized gain on investment 39,998,093 37,565,167Others 18 66 88Total Income 50,537,031 46,934,399

Expenses Interest on Current Account with ICB - 2,229,377Staff Expenses 19 461,990 372,436Management remuneration 20 75,000 75,000Listing Fee 21 20,000 20,000Audit Fee 12,000 12,000Postage & Stamps 5,286 175Printing & Stationery 5,428 10,769Bank Charges 21,016 77,816Others 22 412,962 303,939 1,013,682 3,101,512Net income before provision 49,523,349 43,832,887Provision: for loss on value investments 1,000,000 1,500,000for possible fluctuation of price of investments - - 1,000,000 1,500,000 Net income for the year 48,523,349 42,332,887Undistributed Income from previous year 45,490,490 33,157,604Distributable income carried to balance sheet 94,013,839 75,490,491

Earnings per certificate during the year 646.98 564.44

The annexed notes from1 to 24 form an integral part of these financial statements. Sd/- Sd/- Sd/- Sd/-

S.M. Aminur Rahman Md. Fayekuzzaman Kazi Shofiqul Azam Abu Hena Mohd. Razee Hassan






Statement of Changes in Equity for the year ended June 30, 2011

Particulars Capital fund

General Reserve

Distributable Income

Total

Balance as at 01 July 2009

Net income for the year

Dividends

7,500,000

-

-

1,273,627

-

-

56,407,603

42,332,887

(23,250,000)

65,181,230

42,332,887

(23,250,000)



Dividends

7,500,000

-

-

1,273,627

-

-

75,490,490

48,523,349

(30,000,000)

84,264,117

48,523,349

(30,000,000)

Balance as at 30 June 2011 7,500,000 1,273,627 94,013,839 102,787,466

The annexed notes from1 to 24 form an integral part of these financial statements.






Investment Corporation of Bangladesh

First ICB Mutual Fund Statement of cash flows for the year ended June 30, 2011

30.06.2011

Taka 30.06.2010

Taka Cash Flow From Operating Activities:

Net Income 49,523,349 43,832,887Adjustment for: Share application money 2,500,000 (2,500,000)Accrued dividend (1,847,821) 1,657,911Other Liabilities 2,662,716 (184,481)Sale/(Purchase) of Marketable Investments (net) (3,753,933) (1,268,568)Current account with ICB - (10,582,247)Accrued Expenses (50,000) 50,000Net Cash inflows from operating activities

49,034,311 31,005,501 Cash flows from financing activities: Dividend paid (26,732,548) (27,897,684)Tax paid at source (3,199,869) -Net cash used in financing activities (29,932,417) (27,897,684) Net Increase/(Decrease) in Cash and cash equivalents 19,101,894 3,107,817Cash and cash equivalents at beginning of year 24,917,312 21,809,495Cash and cash equivalents at end of year 44,019,206 24,917,312

The annexed notes from 1 to 24 form an integral part of these financial statements.







First ICB Mutual Fund Notes to the Financial Statement for the year ended 30 June 2011

1. The Fund and its activities: 1.1 Status of the fund:

Investment Corporation of Bangladesh (ICB) was established in 1976 with the objectives of accelerating industrialization and economic development of the country through development of capital market by mobilizing savings and encouraging and improving the investment climate in the country with particular emphasis placed on broadening the base and scope of investments as well as tapping marginal investors. Keeping in line with these objectives, the First ICB Mutual Fund (the Fund) was established in April 1980, under regulation 29A of ICB (General) Regulations with a total capital of Tk.7,500,000 divided into 75,000 Certificates of Tk.100 each. The management of the Fund is vested with ICB.

1.2 Nature of Business:

The business of the Fund is to mobilize savings from the investors by way of selling certificates and investing the funds in securities so as to ensure maximum return for certificate holders. This is a closed-end Fund invested in securities as a single account. Income, net of expenses, is distributable to certificate holders on a yearly basis.

2. Basis of preparation: 2.1 Statement of compliance:

The financial statements have been accordance with Bangladesh Accounting Standards (BAS) and Bangladesh Financial Reporting Standards (BFRS) and other applicable laws and regulations. The financial statements have been approved by the Board of Directors of Investment Corporation of Bangladesh in its meeting held on 30 July 2011.

2.2 Basis of accounting: The annexed financial statements have been prepared under historical cost convention. 2.3 Functional and presentation currency:

These financial statements are prepared in Bangladesh Taka which is the Fund’s functional currency. All financial information presented in Taka and has been rounded off to the nearest integer.

2.4 Use of estimates and judgements:

The preparation of financial statements requires management to make judgement, estimates and assumptions that affect the application of Accounting policies and the reported amounts of assets, liabilities, income and expenses.

2.5 Reported period:

These financial statements covers one year from 1st July to 30th June and followed consistently.

3. Significant Accounting Polices: 3.1 Marketable Investments:

(i) Shares and redeemable value of debentures are stated at average cost price for purchases from

primary and secondary markets.

(ii) Profit/Loss on sale of shares is accounted for based on difference between average cost price and selling price.

(iii) Dividend income from stock is recognized when shareholders’ right is established.

(iv) Bonus shares i.e. stock dividend received or receivable from various companies is not accounted for as income rather included in the portfolio to reduce the average cost.

3.2 Taxation:

(i) The Fund’s income is exempted from income tax vide Ministry of Finance SRO No.88-L/80 of

01 April 1980. 3.3 Cash and Bank: Cash and bank balance are carried at fair value. 3.4 General:

(i) Except for certain expenses reflected in these financial statements all other expenses including premises and equipment expenses are borne by ICB and therefore, not reflected in these financial statements.

(ii) Management fee at the rate of one percent on capital fund is paid to ICB for management services

and support received from the Corporation.

(iii) Figures in these financial statements have been rounded off to the nearest Taka. Previous year's

figures have been rearranged wherever found necessary to conform to current year's presentation.

30.06.2011 Taka

30.06.2010Taka

4 Investments at cost 92,524,727 88,770,795 The market value of investments was Tk. 880,104,700 at the close of business on June 30,

2011 which indicates a surplus of Tk. 787,579,973 between market price and cost. (see Annexure-A for details)

5 Cash at Bank: Agrani Bank (Amin Court Branch) 0002146 STD 49,788 48,497 Agrani Bank (Amin Court Branch) 0002292 STD 34,843 34,242 IFIC Bank (Motijheel Branch) 36002737 STD 25,800,307 10,925,432 IFIC Bank (Motijheel Branch) 00088861 C/A 33,326 3,842 IFIC Bank (Fedration Branch) 863001113 STD 19,279 20,037 IFIC Bank (Fedration Branch) 863001261 STD 3 799 IFIC Bank (Fedration Branch) 863001385 STD 44,241 44,550 IFIC Bank (Fedration Branch) 863001518 STD 530,039 521,830 IFIC Bank (Fedration Branch) 863001674 STD 1,518,700 1,493,336 IFIC Bank (Fedration Branch) 863001848 STD 12,106 1,735,355 IFIC Bank (Fedration Branch) 860002037 STD 12,147 1,794,757 IFIC Bank (Fedration Branch) 1008-000118-041 STD 19,360 20,118 IFIC Bank (Fedration Branch) 1008-000222-041 STD 886,159 3,274,515 IFIC Bank (Fedration Branch) 1008-000254-041 STD 58,907 - UCBL (Eskaton Br.) Fixed Deposit A/C 15,000,000 5,000,000 44,019,206 24,917,312

6 Dividend Receivable

Dividend receivable for less than one year 2,927,549 1,101,768 Dividend receivable for more than one year 1,996,846 1,974,806 4,924,395 3,076,574 (see Annexure-B for details)

6.1 Movement of dividend receivable

Opening Balance 3,076,574 4,734,484 Add: Addition during the year 2,927,549 1,101,768 Less: Received during the year (1,079,729) (2,759,678) Closing Balance 4,924,394 3,076,574

7 Share Application Money 2,500,000

Opening Balance 2,500,000 - Add: Made during the year - 2,500,000 Less : Adjustment during the year (2,500,000) - - 2,500,000

30.06.2011 Taka

30.06.2010Taka

8 Accrued Expenses

Audit fee 12,000 12,000 SEC yearly fees - 50,000 Others 1,944 1,944 Total 13,944 63,944

10 Unclaimed Dividend 22,613,868

Opening Balance 22,613,868 27,261,552 Add: Dividend Declared for the year 2009-2010 30,000,000 23,250,000 Less: Dividend paid from previous year (4,907,063) (138,576) Less: Dividend paid for the year 2009-2010 (21,825,485) (27,759,108) Less: Tax deducted at source (2007-08) (838,261) - Less: Tax deducted at source (2008-09) (1,017,668) - Less: Tax deducted at source (2009-10) (1,343,940) - 22,681,451 22,613,868

11 Provision for loss on value of investments Opening balance 11,851,762 10,351,762 Add: Provision made during the year 1,000,000 1,500,000 Closing balance 12,851,762 11,851,762

11 Provision for dividend receivable 42,500 42,500

12 Other Liabilities Opening balance 428,489 612,970 Add: made during the year 2,662,716 - Less: Paid during the year - (184,481) Closing Balance 3,091,205 428,489

The balance include Tk. (13,06,208.00 – 87,920.00) = Tk. 12,18,288 which will be paid to ICB against Dividend of Meghna Petrolium.

13 Capital Fund 7,500,000 7,500,000

The Capital Fund is divided into 75,000 certificates of Tk.100 each fully paid up in cash.

14 General Reserve 1,273,627 1,273,627

The balance represents forfeited unclaimed dividend upto 2004 over 6 years

30.06.2011 Taka

30.06.2010 Taka

15 Distributable Income Opening balance 75,490,490 56,407,603 Less: Dividend declared for the year 2009-2010 (30,000,000) (23,250,000) 45,490,490 33,157,603 Add: Net Income 48,523,349 42,332,887 94,013,839 75,490,490

16 Dividend Earned (See Annexure-C for details)

8,924,431 8,570,478

17 Interest on Bank Deposits

Agrani Bank 3,041 2,501 IFIC Bank Ltd. 111,500 346,164 Standard Bank Ltd. 450,000 450,000 United Commercial Bank Ltd 839,469 - 1,404,010 798,665

18 Other Income

Share Spliting Charges 66 88 66 88

19 Staff Expenses

Basic Salary 190,469 170,216 Allowance 170,381 136,956 Festival Bonus 33,430 24,471 Incentive Bonus 67,710 40,793 461,990 372,436

20 Management Remuneration 75,000 75,000

Management fee at the rate of one percent on capital fund is paid to ICB for management services and support received from the Corporation as per the decision of the Board of Directors.

21 Listing Fee: Dhaka Stock Exchange 10,000 10,000 Chittagong Stock Exchange 10,000 10,000 20,000 20,000

22 Others Expenses: Entertainment 3,000 3,000 Stock Exchange Charge 270,310 157,362 Miscellaneous 4,125 29,333 CDBL Charge 31,000 51,022 SEC Yearly Fee 50,000 50,000 Advertisement 54,528 13,222 Total 412,962 303,939

23 Disclosure of deviations from few requirements of BAS/BFRS

There have been few deviayions from the requirements of BAS/BFRS which are shown below along with financial impact where applicable: (a) Investments in quoted and unquoted shares are revalued at year-end at cost price.

However, adequate provision are kept when market value is lower than cost price. Investments have not been accounted in market value (MV) which is a very newly adopted accounting standard in Bangladesh. In the Financial Statement this standard has not been considered due to volatile stock market scenario, consevative policy of fund management and prevailing dividend policy of mutual fund. At the year-end market value (for quoted shares) and book value (for unquoted shares) are higher than cost price by Tk. 787,579,973;

(b) Investments have been valued on aggregate portfolio basis and provision is required to

be made considering overall decrease in the value of investment. The fund maintains both provision for loss on value of investment and provision for possible price fluctuation which is shown in Balance Sheet under liabilities amounting to Tk. 12,851,762;

(c) Some disclosure and presentation requirements as per BFRS 7 and BAS 32 regarding

risk management have not been made in the financial statements. However, management of the fund is prudent in risk management which is evident from steady growth of the fund. The fund is not exposed to any foreign currency and interest rate risk.

24 Events after the reporting date:

The board of directors of Investment Corporation of Bangladesh declared cash dividend of Tk. 500 per certificate for the year ended 30 June 2011 in its meeting held on 30 July 2011.




Statement of Dividend Income during 2010-11 cwiwkó-1.1

Annex-1.1

Name of Company Face Value Rate of

Dividend No of Shares Amount (TK)

1. AB Bank Ltd. 100 20.0% 51 1,020 2. ACI Formalition Ltd. 10 30.00% 5,000 15,000 3. Advance Chemical Ind. Ltd. 10 120.00% 3,336 40,032 4. Aims First Guaranteed M/F 1 72.5% 1,000 725 5. Apex Foods Ltd. 100 12.0% 6,260 75,120 6. Apex Spinning & Knitting Mills 100 15.0% 240 3,600 7. Aramit Ltd. 10 15.0% 150 225 8. Aramit Ltd. 10 40.00% 143,250 573,000 9. Asia Insurance Ltd. 10 25.0% 8,800 22,000 10. Bangladesh Shipping Corpo. 100 10.0% 600 6,000 11. BATBC 10 430.0% 48,624 2,090,832 12. Bay Leasing & Investment 100 10.00% 100 1,000 13. BOC Bangladesh (Interm) 10 250.0% 12,679 316,975 14. BOC Bangladesh Ltd. 10 100.0% 5,531 55,310 15. BRAC Bank Ltd. 100 10.0% 794 7,940 16. Continental Insurance Ltd. 100 5.0% 1,915 9,575 17. DBH 1st M/F 10 7.0% 25,500 17,850 18. Delta Brac Housing Ltd. 100 10.0% 745 7,450 19. Dhaka Electric Supply Co. Ltd. 100 15.0% 4,248 63,720 20. EBL 1st M/F 10 20.0% 69,500 139,000 21. Glaxo smithkilne Bd. Ltd. 10 200.0% 22,950 459,000 22. Golden Son Lttd 10 5.00% 374 187 23. Grameen One: Sehceme 2 10 20.0% 3,000 6,000 24. Grameenphone Ltd. 10 85.0% 55,600 472,600 25. Grameenphone Ltd. (Interim) 10 35.0% 55,800 195,300 26. Heidlberg Cement Bd. Ltd. 100 43.00% 460 19,780 27. IBBL Mudaraba Perpetual Bond 1000 12.4% 5,700 703,950 28. ICB AMCL First M/F 100 50.0% 2,150 107,500 29. ICB AMCL Islamic M/F 100 35.0% 1,650 57,750 30. ICB AMCL Second M/F 100 14.0% 11,050 154,700 31. ICB AMCL Second NRB M/F 100 22.0% 3,000 66,000 32. ICB Employees Prov.M/F One 10 11.5% 103,000 118,450 33. Jamuna Oil Company Ltd. 10 30.00% 13,200 39,600 34. Jute Spinners 100 20.00% 1,725 34,500



35. Kaya Cosmetics Ltd. 10 15.0% 300 450 36. Malek Spinning Mills Ltd. 10 10.0% 40,000 40,000 37. Meghna Petrolium Ltd. 10 45.00% 23,079 103,856 38. Monno Jute Stafllers Ltd. 100 15.00% 200 3,000 39. Power Grid Co. of Bd. Ltd. 100 10.0% 4,000 40,000 40. Prime Bank 1st ICB AMCL M/F 10 10.0% 31,500 31,500 41. Prime Bank Ltd. 10 5.0% 6,500 3,250 42. Prime Finance 1st M/F 10 20.0% 4,000 8,000 43. Prime Islami Life Insurance 100 5.0% 468 2,340 44. Prime Textile Spinning Mills 100 11.0% 2,550 28,050 45. Progati Insurance Ltd. 100 15.00% 100 1,500 46. R.A.K Ceramics (BD) Ltd. 10 15.0% 15,000 22,500 47. Reckit Benckiser (Bd) Interm 10 150.0% 19,300 289,500 48. Reckitt Benckiser Ltd. 10 50.00% 19,300 96,500 49. Renata Ltd. 100 60.00% 32,958 1,977,480 50. Sotheast Bank Ltd. 100 10.0% 7,205 72,050 51. Square Textile 10 16.00% 40 64 52. Squqre Pharmaceuticals Ltd. 100 35.0% 5,250 183,750 53. Summit Alliance Port 10 20.0% 1,880 3,760 54. Summit Alliance Port (Interim) 10 30.0% 1,880 5,640 55. Titas Gas Co. Ltd. 100 25.0% 4,300 107,500 56. United Leasing Ltd. 100 7.50% 2,940 22,050

Total Dividend Income = 8,924,431

First Mutual Fund

Statement of dividend receivable for FY-2010-11 cwiwkó-1.2

Annex-1.2

Name of the Company No.of

Shares Held

Par

Value (TK.)

Rate of Dividend Declared (%) Amount

Receivable (TK.)

A. Dividend Receivable for More than one year.

1. AB Bank Ltd. 305 100 15.00% 3,941 2. Aramit Ltd. 4,000 10 45.00% 18,000 3. BATBC 131,324 10 70.00% 919,268 4. BD Com Online Ltd. 3,125 10 1000.00% 3,125 5. Fine Foods Ltd. 33,000 10 500.00% 16,500

6. First Lease Intt. Ltd. 712 100 10.00% 712 7. Gachihata Aquaculture Firm 8. Ltd. 5,000 100 1000.00% 42,500

8. ICB AMCL 1st Mutual Fund 3,250 100 25.00% 81,250 9. Renata Ltd. 17,579 100 50.00% 878,950

10. National Tea Company Ltd. 16,128 100 20.00% 10,560

11. National Tea Company Ltd. 16,128 100 20.00% 22,040 Total A: 1,996,846

B.Dividend Receivable for less than one year.

12. ACI Formalition Ltd. 5,000 10 30.00% 15,000 13. Advance Chemical Ind. Ltd. 3,336 10 120.00% 40,032 14. Aramit Ltd. 143,250 10 40.00% 573,000 15. Bay Leasing & Investment 100 100 10.00% 1,000 16. Golden Son Lttd 374 10 5.00% 187 17. Heidlberg Cement Bd. Ltd. 460 100 43.00% 19,780 18. Jamuna Oil Company Ltd. 13,200 10 30.00% 39,600 19. Jute Spinners 1,725 100 20.00% 34,500 20. Meghna Petrolium Ltd. 23,079 10 45.00% 103,856 21. Monno Jute Stafllers Ltd. 200 100 15.00% 3,000 22. Progati Insurance Ltd. 100 100 15.00% 1,500 23. Reckitt Benckiser Ltd. 19,300 10 50.00% 96,500 24. Renata Ltd. 32,958 100 60.00% 1,977,480 25. Square Textile 40 10 16.00% 64 26. United Leasing Ltd. 2,940 100 7.50% 22,050 Total B: 2,927,549 Grand Total (A+B): 4,924,394.00


Individual Portfolio Report cwiwkó-1.3

Annex – 1.3

Name of the Company No. of shares Per

value

Average cost price

per share on 30.06.11

Total cost price (Tk.) 30.06.11

Market price per share on

30.o6.11

Total Market price (TK) 30.06.11

1. Al Arafa Islami Bank Ltd. 19,182 10 14.17 271,723.43 34.20 656,024.00 2. Arab Bangladesh Bank Ltd. 437 100 6.43 2,809.04 851.00 371,887.00 3. Bank Asia Limited 3,060 100 84.81 259,529.91 478.25 1,463,445.45 4. Brac Bank Ltd. 794 100 94.24 74,828.94 480.50 381,517.45 5. Dhaka Bank Ltd. 15,455 10 1.56 24,045.08 44.70 690,838.00 6. Eastern Bank Ltd. 1,700 10 33.10 56,261.92 67.90 115,430.00 7. Exim Bank Of Bangladesh Ltd. 43,646 10 10.92 476,775.64 32.90 1,435,953.00 8. First Security Bank Ltd. 54,160 10 11.66 631,243.11 24.90 1,348,584.00 9. I.F.I.C. Bank Ltd. 7,872 100 807.84 6,359,312.50 799.50 6,293,664.00 10. Islami Bank Ltd. 11,330 100 268.76 3,045,014.08 512.50 5,806,626.45 11. Mercantile Bank Limited 2,075 100 121.78 252,693.52 321.00 666,075.00 12. Mutual Trust Bank Ltd. 13,919 100 109.21 1,520,148.66 376.75 5,243,983.00 13. N C C Bank Ltd. 21,964 10 9.27 203,700.00 33.90 744,579.00 14. National Bank Ltd. 4,387 10 17.04 74,758.10 65.20 286,032.00 15. One Bank Limited 311 100 2.09 648.70 505.00 157,055.00 16. Premier Bank Limited 18,684 10 3.66 68,376.98 33.50 625,914.00 17. Prime Bank Limited 29,775 10 45.12 1,343,450.00 47.50 1,414,312.45 18. Shahjalal Islami Bank Ltd. 6,234 10 4.08 25,456.93 38.30 238,762.00 19. Social Islami Bank Limited 5,376 10 11.17 60,054.66 22.70 122,035.00 20. Southeast Bank Limited 7,546 100 149.60 1,128,865.95 320.50 2,418,493.45 21. Standard Bank Limited 12,989 100 66.46 863,303.40 327.50 4,253,897.00 22. Trust Bank Ltd. 4,056 100 304.96 1,236,924.33 444.25 1,801,878.45 23. Heidelberg Cement Bd. Ltd. 580 100 3,137.30 1,819,635.00 3,040.00 1,763,200.00 24. Lafarge Surma Cement Ltd. 3,300 100 523.68 1,728,144.17 489.00 1,613,700.00 25. Rak Ceramics(Bangladesh) Ltd. 16,500 10 43.64 720,000.00 105.00 1,732,500.00 26. Aftab Automobiles Ltd. 7,280 10 6.41 46,637.50 275.20 2,003,456.00 27. Bengal Steel Ltd. 50,000 10 10.00 500,000.00 20.00 1,000,000.00 28. Bsrm Steels Limited 690 100 72.46 50,000.00 1,413.50 975,315.00 29. Golden Son Ltd. 411 10 20.80 8,547.05 69.10 28,400.00 30. Jago Corporation Limited 10,000 100 100.00 1,000,000.00 100.00 1,000,000.00 31. Monno Jute Stafllers Ltd. 200 100 303.52 60,703.52 2,491.00 498,200.00 32. Monno Jutex Ltd. 1,410 100 84.69 119,407.60 2,230.00 3,144,300.00 33. Ab Biscuit Co. Ltd. 20 100 183.50 3,670.00 183.50 3,670.00 34. Aci Formulations Limited 5,000 10 174.00 870,000.00 133.20 666,000.00 35. Apex Foods Ltd. 6,210 100 407.09 2,528,044.81 956.25 5,938,312.00 36. B A T B C 48,624 10 33.20 1,614,078.80 630.90 30,676,881.00 37. Fine Foods Limited 796 10 0.00 - 64.40 51,262.00 38. Gachihata Aquaculture Firm Ltd. 6,100 100 85.93 524,150.00 80.25 489,525.00

39. N.T.C. 16,128 100 96.62 1,558,225.65 4,949.50 79,825,536.00 40. Boc Bangladesh Limited. 5,531 10 4.54 25,096.09 678.70 3,753,889.00 41. Dhaka Electric Supply Co. Ltd 5,522 100 419.82 2,318,223.20 1,706.50 9,423,293.00 42. Jamuna Oil Company Ltd. 15,540 10 120.77 1,876,759.73 258.60 4,018,644.00


value

Average cost price




30.o6.11


43. Meghna Petroleum Ltd. 19,432 10 111.72 2,171,031.13 188.60 3,664,875.00 44. Padma Oil Company. 49,800 10 29.50 1,469,100.00 733.20 36,513,360.00 45. Power Grid Co. Bd. Ltd. 5,500 100 636.61 3,501,376.99 807.75 4,442,625.00 46. Summit Power Ltd. 33,500 10 34.34 1,150,223.85 81.50 2,730,250.00 47. Titas Gas Transmission & D.C.L 5,480 100 474.84 2,602,147.54 802.25 4,396,330.00

48. Bangladesh Online Limited 1,090 10 4.75 5,172.90 105.80 115,322.00 49. Agrani Insurance Co. Ltd. 2,207 100 245.15 541,035.46 525.50 1,159,778.00 50. Asia Insurance Limited 17,300 10 12.84 222,189.55 72.60 1,255,980.00 51. Asia Pacific General Insurance Ltd. 2,000 100 137.43 274,850.90 528.75 1,057,500.00

52. City General Insurance Co. Ltd. 12,940 10 10.55 136,551.92 50.90 658,646.00 53. Continental Insurance Ltd. 2,940 100 102.02 299,951.96 538.50 1,583,190.00 54. Dhaka Insurance Limited 650 100 123.33 80,166.68 1,187.75 772,037.00 55. Global Insurance Ltd. 192 100 180.99 34,750.42 706.50 135,648.00 56. Islami Insurance Bd Ltd. 400 100 100.00 40,000.00 538.25 215,300.00 57. Mercantile Insurance Co. Ltd. 2,700 100 181.31 489,528.42 532.00 1,436,400.00 58. Nitol Insurance Company Ltd 1,020 100 303.40 309,469.42 661.00 674,220.00 59. Northern General Insurance Ltd. 443 100 67.72 30,000.00 668.25 296,034.00

60. Paramount Insurance Co. Ltd. 620 100 90.91 56,363.64 529.25 328,135.00 61. Pragati Insurance Ltd. 100 100 1,534.00 153,400.00 923.50 92,350.00 62. Prime Insurance Company Ltd 15,160 10 12.72 192,849.66 72.40 1,097,584.00 63. Prime Islami Life Insurance Ltd. 6,310 10 4.75 30,000.00 322.60 2,035,606.00 64. Provati Insurance Company Ltd. 700 100 100.00 70,000.00 558.00 390,600.00 65. Republic Insurance Co. Ltd. 440 100 90.91 40,000.00 629.25 276,870.00 66. Rupali Life Insurance Co. Ltd 880 100 90.91 80,000.00 2,602.00 2,289,760.00 67. Standard Insurance Ltd. 560 100 90.91 50,909.09 529.50 296,520.00 68. Takaful Islami Insurance Ltd. 172 100 115.12 19,800.00 774.25 133,171.00 69. Dbh First Mutual Fund 24,500 10 10.00 245,000.00 11.80 289,100.00 70. Ebl First Mutual Fund 69,500 10 10.00 695,000.00 13.50 938,250.00 71. First Janata Bank Mutual Fund 117,000 10 9.34 1,092,600.00 8.60 1,006,200.00 72. Grameen One : Scheme Two 3,000 10 10.00 30,000.00 20.70 62,100.00 73. Green Delta Mutual Fund 107,000 10 8.31 889,100.00 8.20 877,400.00 74. Icb Amcl First Mutual Fund 2,150 100 196.77 423,053.88 640.25 1,376,537.00 75. Icb Amcl Islamic Mutual Fund 1,650 100 296.79 489,700.00 343.00 565,950.00 76. Icb Amcl Second Mutual Fund 12,550 100 105.64 1,325,750.00 133.50 1,675,425.00 77. Icb Amcl Secound Nrb M.F. 3,000 100 100.00 300,000.00 193.50 580,500.00 78. Icb Amcl Third Nrb Mutual Fund 69,000 10 9.73 671,700.00 9.70 669,300.00

79. Icb Employees Prov. M.F. One:S.O 100,000 10 10.00 1,000,000.00 12.70 1,270,000.00

80. Ific Bank 1st Mf 28,000 10 10.00 280,000.00 11.30 316,400.00 81. Ifil Islamic Mutual Fund-1 110,500 10 8.27 913,800.00 7.70 850,850.00 82. Mbl 1st Mutual Fund 84,000 10 10.00 840,000.00 8.70 730,800.00 83. Phoenix Finance 1st Mf 23,000 10 10.00 230,000.00 12.20 280,600.00 84. Popular Life First Mutual Fund 33,500 10 10.00 335,000.00 8.00 268,000.00 85. Prime Bank 1st Icb Amcl M Fund 32,000 10 9.82 314,100.00 9.60 307,200.00


value

Average cost price




30.o6.11


86. Prime Finance First Mutual Fund 4,000 10 10.00 40,000.00 19.40 77,600.00

87. Trust Bank 1st Mutual Fund 36,000 10 11.50 413,900.00 12.10 435,600.00 88. Jute Spinners Ltd. 1,555 100 121.74 189,304.35 1,493.00 2,321,615.00 89. Aramit Limited 143,250 10 2.88 412,183.91 379.00 54,291,750.00 90. Bangladesh Shipping Corp.(Bsc) 600 100 100.00 60,000.00 2,203.25 1,321,950.00 91. Beximco Limited(Share) 4,225 10 161.25 681,263.15 159.90 675,577.00 92. Miracle Industries Ltd. 189 10 7.91 1,494.90 30.00 5,670.00 93. Bangladesh Fin. & Inv. Co. Ltd. 390 10 11.46 4,470.95 91.60 35,724.00 94. Bangladesh Inds. Finance Co. 589 100 104.53 61,567.76 567.50 334,257.00 95. Bay Leasing & Investment Ltd. 100 100 258.33 25,833.34 1,122.00 112,200.00 96. Delta Brac Housing Finance Cor 681 100 112.44 76,570.28 2,371.25 1,614,821.00 97. Fas Finance And Investment Ltd 950 100 119.11 113,158.03 506.00 480,700.00 98. First Lease International Ltd. 509 100 133.71 68,056.45 1,069.75 544,502.00 99. I P D C 46 100 246.51 11,339.27 391.00 17,986.00 100. Intl. Leasing & Fin. Services 1,785 100 46.22 82,501.84 1,236.50 2,207,152.00 101.Phoenix Finance & Inv. Ltd. 2,088 100 169.32 353,531.71 949.00 1,981,512.00 102. Premier Leasing Internation 2,064 100 155.41 320,769.59 733.75 1,514,460.00 103. Union Capital Limited 6,153 10 21.84 134,390.75 98.00 602,994.00 104. United Leasing Co. Ltd. 5,143 100 60.55 311,396.13 826.25 4,249,403.00 105. Uttara Finance & Invest. Ltd. 4,760 10 36.94 175,848.00 180.60 859,656.00 106. Paper Converting 300 100 100.00 30,000.00 100.00 30,000.00 107. Aci Limited 3,336 10 17.53 58,488.00 269.60 899,385.00 108. Active Fine Chemicals Ltd 575 10 8.70 5,000.00 65.80 37,835.00 109. Beacon Pharmaceuticals Ltd 112,000 10 10.00 1,120,000.00 32.10 3,595,200.00 110. Beximco Pharmaceuticals Ltd 61,021 10 16.49 1,006,131.31 80.40 4,906,088.00 111. Deshbandhu Polymer Ltd 1,000 10 10.00 10,000.00 66.60 66,600.00 112. Glaxo Wellcome (Bd) Ltd. 23,950 10 6.40 153,280.00 973.50 23,315,325.00 113. Imam Button Industries Ltd. 855 100 86.47 73,935.70 373.50 319,342.00 114. Keya Cosmetics Limited 300 10 2.50 750.00 87.00 26,100.00 115. Reckitt Benckiser (Bd) Ltd. 19,300 10 2.16 41,628.54 1,213.70 23,424,410.00 116. Renata Limited 41,188 100 73.23 3,016,168.75 10,695.25 440,515,957.00 117. Salvo Chemical Industry Ltd. 2,500 10 10.00 25,000.00 54.40 136,000.00 118. Square Pharmaceuticals Ltd. 6,725 100 1,819.62 12,236,945.68 3,542.25 23,821,631.00 119. Summit Alliance Port Ltd. 2,350 10 5.19 12,207.80 80.90 190,115.00 120. Grameenphone Ltd. 57,600 10 73.19 4,215,600.00 163.90 9,440,640.00 121. Apex Spinning & Knitting 240 100 183.00 43,920.00 1,423.50 341,640.00 122. Ashraf Textile Mills Ltd. 32 10 6.35 203.20 17.78 569.00 123. Maksons Spinning Mills Ltd. 25,235 10 23.74 599,019.00 44.20 1,115,387.00 124. Malek Spinning Mills Ltd. 40,000 10 25.00 1,000,000.00 57.10 2,284,000.00 125. Metro Spinning Limited 6,199 10 9.14 56,682.40 59.30 367,600.00 126. Prime Textile Spin.Mills Ltd. 1,400 100 133.16 186,420.52 534.50 748,300.00 127. R. N. Spinning Mills Ltd 1,350 10 6.28 8,477.23 78.40 105,840.00 128. Square Textiles Ltd. 48 10 70.05 3,362.30 139.29 6,686.00


value

Average cost price




30.o6.11


A.2.---Debenture Corporate Bond 129. Mudaraba Perpetual Bond 5,700 1,000 983.69 5,607,005.00 959.50 5,469,150.00

Grand Total 2,115,961 92,524,727.25 880,104,700.70

First ICB Mutual Fund Statement of Profit on Sale of Securities During 2010-11

cwiwkó-1.4 Annex-1.4

Sl. No. Name of the Company

No. of Shares Sold

Cost Price per

Share (Taka)

Selling Price per

Share (Taka)

Total Cost Price (Taka)

Total Selling Price (Taka)

Capital Gain (Taka)

1 Bangladesh Fin. & Inv. Co. Ltd 1500 114.64 1,153.33 171,960.00 1,729,995.00 1,558,035.00 2 Bangladesh Inds. Finance Co. 1300 155.87 904.92 202,631.00 1,176,396.00 973,765.00 3 Bay Leasing & Investment Ltd 200 258.33 1,943.75 51,666.00 388,750.00 337,084.00 4 Delta Brac Housing Finance Cor 250 112.44 2,201.00 28,110.00 550,250.00 522,140.00 5 FAS Finance and Investment Ltd 200 119.11 721.00 23,822.00 144,200.00 120,378.00 6 First Lease International Ltd 350 204.37 1,005.43 71,529.50 351,900.50 280,371.00 7 IPDC 400 269.98 537.50 107,992.00 215,000.00 107,008.00 8 Intl. Leasing & Fin. Services 1100 56.30 1,268.64 61,930.00 1,395,504.00 1,333,574.00 9 Peoples Leasing & Fin. Services 3360 45.22 365.43 151,939.20 1,227,844.80 1,075,905.60

10 Phonix Finance & Inv. Ltd 700 173.81 1,563.00 121,667.00 1,094,100.00 972,433.00 11 Premier Leasing International Ltd 1500 198.01 819.17 297,015.00 1,228,755.00 931,740.00 12 United Leasing Co. Ltd 900 105.92 1,833.24 95,328.00 1,649,916.00 1,554,588.00 13 Uttara Finance & Invest. Ltd. 1200 58.96 429.25 70,752.00 515,100.00 444,348.00 14 Al-Arafa Islami Bank Ltd 29500 22.96 83.74 677,320.00 2,470,330.00 1,793,010.00 15 Brac Bank Ltd 100 94.24 788.25 9,424.00 78,825.00 69,401.00 16 Dhaka Bank Ltd 2000 1.56 43.00 3,120.00 86,000.00 82,880.00 17 Eastern Bank Ltd 400 33.10 68.40 13,240.00 27,360.00 14,120.00 18 Exim Bank Bangladesh Ltd 39000 17.05 61.39 664,950.00 2,394,210.00 1,729,260.00 19 First Security Bank Ltd 27200 11.76 31.39 319,872.00 853,808.00 533,936.00 20 Mercantile Bank Ltd 300 121.78 353.83 36,534.00 106,149.00 69,615.00 21 Mutual Trust Bank Ltd 1000 114.76 613.50 114,760.00 613,500.00 498,740.00 22 National Bank Ltd 5500 33.23 178.92 182,765.00 984,060.00 801,295.00 23 One Bank Ltd 150 3.23 827.00 484.50 124,050.00 123,565.50 24 Premier Bank Ltd 33000 4.52 52.08 149,160.00 1,718,640.00 1,569,480.00 25 Shahjalal Islami Bank Ltd 8200 5.91 59.52 48,462.00 488,064.00 439,602.00 26 Social Islami Bank Ltd 1500 12.19 20.60 18,285.00 30,900.00 12,615.00 27 Southeast Bank Ltd 1800 161.79 372.08 291,222.00 669,744.00 378,522.00 28 Standard Bank Ltd 300 66.46 324.00 19,938.00 97,200.00 77,262.00 29 Trust Bank Ltd 200 104.05 687.00 20,810.00 137,400.00 116,590.00 30 DBH First Mutual Fund 3000 10.00 16.67 30,000.00 50,010.00 20,010.00 31 EBL First Mutual Fund 6000 10.00 17.08 60,000.00 102,480.00 42,480.00 32 ICB AMCL Third NRB M F 22500 10.00 14.57 225,000.00 327,825.00 102,825.00

33 ICB Employees Prov. M.F. One:S.O. 3000 10.00 17.30 30,000.00 51,900.00 21,900.00

34 IFIC Bank 1st MF 14000 10.00 15.79 140,000.00 221,060.00 81,060.00 35 Phonix Finance 1st MF 19500 10.00 14.79 195,000.00 288,405.00 93,405.00 36 Prime Bank 1st ICB AMCL MF 9500 10.00 14.74 95,000.00 140,030.00 45,030.00 37 Trust Bank 1st Mutual Fund 5000 10.00 16.24 50,000.00 81,200.00 31,200.00 38 Golden Son Ltd 19500 17.80 94.44 347,100.00 1,841,580.00 1,494,480.00 39 Monno Jute Stafllers 155 303.52 2,731.61 47,045.60 423,399.55 376,353.95 40 Fine Foods Ltd 1000 - 87.00 - 87,000.00 87,000.00 41 Rahima Food Corporation 500 53.96 578.00 26,980.00 289,000.00 262,020.00


No. of Shares Sold

Cost Price per

Share (Taka)

Selling Price per

Share (Taka)



Capital Gain (Taka)

42 Jamuna Oil Co. Ltd 2300 145.49 294.96 334,627.00 678,408.00 343,781.00 43 Meghna Petroleum Ltd 4800 118.77 220.54 570,096.00 1,058,592.00 488,496.00 44 Summit Power Ltd 2500 42.85 156.50 107,125.00 391,250.00 284,125.00 45 Titas Gas Transmission & D.C.L. 100 467.66 840.00 46,766.00 84,000.00 37,234.00 46 Jute Spinners Ltd 170 121.74 1,847.97 20,695.80 314,154.90 293,459.10 47 Maksons Spinning Mills Ltd 38000 15.84 71.91 601,920.00 2,732,580.00 2,130,660.00 48 Malek Spinning Mills Ltd 5500 25.00 86.62 137,500.00 476,410.00 338,910.00 49 Prime Textile Spin. Mills Ltd 7100 133.16 670.92 945,436.00 4,763,532.00 3,818,096.00 50 R. N. Spinning Mills Ltd 14550 14.88 126.21 216,504.00 1,836,355.50 1,619,851.50 51 Square Textiles Ltd 650 84.06 172.00 54,639.00 111,800.00 57,161.00

52 The Dacca Dyeing & Man. Co. Ltd 17000 10.00 53.24 170,000.00 905,080.00 735,080.00

53 Active Fine Chemicals Ltd 1500 10.00 80.47 15,000.00 120,705.00 105,705.00 54 Beacon Pharmaceuticals Ltd 3000 10.00 86.73 30,000.00 260,190.00 230,190.00 55 Deshbandhu Polymer Ltd 500 10.00 71.00 5,000.00 35,500.00 30,500.00 56 Glaxo Wellcome (BD) Ltd 600 6.40 1,426.33 3,840.00 855,798.00 851,958.00 57 Imam Button Industries Ltd 2500 92.43 438.71 231,075.00 1,096,775.00 865,700.00 58 Marico Bangladesh Ltd 1000 90.00 564.85 90,000.00 564,850.00 474,850.00 59 Salvo Chemical Industry Ltd 2000 10.00 55.73 20,000.00 111,460.00 91,460.00 60 Square Pharmaceuticals Ltd 300 2,162.32 3,512.00 648,696.00 1,053,600.00 404,904.00 61 Summit Alliance Port Ltd 1200 6.49 245.54 7,788.00 294,648.00 286,860.00 62 United Airways (BD) Ltd 3050 100.00 333.54 305,000.00 1,017,297.00 712,297.00 63 Lafarge Surma Cement Ltd 7500 523.68 676.46 3,927,600.00 5,073,450.00 1,145,850.00 64 M. I. Cement Factory Ltd 2900 111.60 140.93 323,640.00 408,697.00 85,057.00 65 Monno Ceramic Industries Ltd 180 55.56 1,143.92 10,000.80 205,905.60 195,904.80 66 RAK Ceramics (Bangladesh) Ltd 3200 48.00 209.58 153,600.00 670,656.00 517,056.00 67 Agrani Insurance Co. Ltd 400 245.15 835.00 98,060.00 334,000.00 235,940.00 68 Asia Insurance Ltd 2500 13.52 69.30 33,800.00 173,250.00 139,450.00 69 Asia Pacific General Insurance 200 137.43 822.50 27,486.00 164,500.00 137,014.00 70 City General Insurance Co. Ltd 600 15.26 238.29 9,156.00 142,974.00 133,818.00 71 Continental Insurance Ltd 1200 93.94 651.67 112,728.00 782,004.00 669,276.00 72 Dhaka Insurance Ltd 250 123.33 1,752.80 30,832.50 438,200.00 407,367.50 73 Global Insurance Ltd 50 180.99 670.00 9,049.50 33,500.00 24,450.50 74 Islami Insurance BD Ltd 200 100.00 567.00 20,000.00 113,400.00 93,400.00 75 Mercantile Insurance Co. Ltd 400 196.96 708.63 78,784.00 283,452.00 204,668.00 76 Nitol Insurance Co. Ltd 100 303.40 656.00 30,340.00 65,600.00 35,260.00 77 Paramount Insurance Co. Ltd 150 90.91 884.00 13,636.50 132,600.00 118,963.50 78 Prime Insurance Co. Ltd 2000 12.72 72.80 25,440.00 145,600.00 120,160.00 79 Standard Insurance Ltd 100 90.91 546.00 9,091.00 54,600.00 45,509.00 80 Grameenphone Ltd 1200 70.00 273.13 84,000.00 327,756.00 243,756.00 81 Miracle Industries Ltd 1500 8.30 51.30 12,450.00 76,950.00 64,500.00

Grand Total 14,844,307.49 54,842,400.00 39,998,092.00

34

wØZxq AvBwmwe wgDPyq¨vj dvÛ Second ICB Mutual Fund jf¨vsk I my` Avq 2010-11 A_©eQ‡i dv‡Û †gvU 59wU wmwKDwiwUR n‡Z 35.82 j¶ UvKv jf¨vsk I my` eve` Avq n‡q‡Q hvi g‡a¨ 33.12 j¶ UvKv (92.46 kZvsk) 30 Ryb 2011 Zvwi‡Li g‡a¨ bM‡` cvIqv hvq| †Kv¤úvwb wfwËK jf¨vsk I my` Avq Ges cÖvc¨ jf¨vsk I my‡ì we —vwiZ weeiY h_vµ‡g cwiwkó-2.1 Ges cwiwkó-2.2 G †`Lv‡bv n‡q‡Q| wewb‡qvM weµq n‡Z g~jabx gybvdv

2010-11 A_©eQ‡i G dvÛ 62wU ‡Kv¤úvwbi wmwKDwiwUR weµq K‡i 264.35 j¶ UvKv gyjabx gybvdv AR©b K‡i‡Q| g~jabx gybvdv AR©‡bi we¯—vwiZ weeiY cwiwkó-2.4 G †`Lv‡bv n‡q‡Q|

Dividend and Interest Income The Fund has earned an amount of Tk. 35.82 lac as dividend and interest from 59 securities during 2010-11 of which, Tk. 33.12 lac (92.46 per cent) was received in cash within 30 June 2011. Details of the dividend and interest income and receivables are shown in Annex-2.1 and Annex-2.2 respectively.


During 2010-11, the Fund has earned Tk.264.35 lac as capital gains by selling securities of 62 companies. Details of capital gains are shown in Annex-2.4.

Avq e¨q I eÈb‡hvM¨ gybvdv

wmwKDwiwU†R wewb‡qvM n‡Z jf¨vsk I my` eve` Avq 35.82 j¶ UvKv, e¨vsK Avgvb‡Zi Dci my` 4.49 j¶ UvKv j¶ g~jabx gybvdv 264.35 j¶ UvKvmn Av‡jvP¨ A_©eQ‡i G dv‡Ûi †gvU Av‡qi cwigvY `vuovq 308.05 j¶ UvKv| ÷vd LiP, eë¯’vcbv wd, gy ªY I †ókbvix, WvK I Zvi , AvBwmweÕi mv‡_ cwiPvwjZ PjwZ wnmv‡ei Dci my`, e¨vsK PvR©, wewb‡qvM mwÂwZ Ges Ab vb LiP eve` †gvU 142.95 j¶ UvKv ev` †`qvi ci dv‡Ûi bxU Avq ùvovq 165.10 j¶ UvKv| c~e©eZx©© eQ‡ii Aew›UZ g~bvdv 159.89 j¶ UvKv †hvM Kivi ci 30 Ryb 2011 Zvwi‡L dv‡Ûi bxU e›Ub‡hvM¨ Av‡qi cwigvY `vuovq 324.99 j¶ UvKv| d‡j mvwU©wd‡KU cÖwZ eÈb†hvM¨ g~bvdvi cwigvY ùvovq 649.98 UvKv|

Income, Expenses and Distributable Income

During the year under review, the Fund has earned a gross income of Tk. 308.05 lac by way of dividend and interest income from investment in securities of Tk. 35.82 lac interest income of Tk. 4.49 lac on bank deposits, capital gains of Tk. 264.35 lac and other income. After deducting the total expenses of Tk. 142.95 lac incurred as staff expenses, management fee, printing and stationery, postage and telegram, interest on current account with ICB, bank charges, provision against investment and others, the net income of the Fund stood at Tk. 165.10 lac. Taking into account the previous year’s undistributed income of Tk. 159.89 lac the Fund had a net distributable income of Tk. 324.99 lac as on 30 June 2011 resulting in distributable income per certificate of Tk. 649.98

jf¨vsk

Av‡jvP¨ dvÛ 2010-11 A_©eQ‡i cÖ©wZwU 100.00 UvKv g~j¨gv‡bi mvwU©wd‡K‡Ui Rb¨ 250.00 UvKv nv‡i jf¨vsk †NvlYv K‡i‡Q hv c~e©eZx© eQ‡i wQj 200.00 UvKv| jf¨vsk cÖ v‡bi Rb¨ †gvU 125.00 j¶ UvKvi ms ’vb ivLvi ci dv‡Û 199.99 j¶ UvKv Aew›UZ gybvdv _v‡K| mviYx- 2.1 G dv‡Ûi eQiIqvix jf¨vs‡ki nvi cÖ`wk©Z nj :

Dividend The Fund has declared dividend at the rate of Tk. 250.00 per certificate of Tk.100.00 each for the year 2010-11, which was Tk. 200.00 per certificate in the previous year. After making provision of Tk. 125.00 lac for payment of dividend the Fund has an undistributed income of Tk. 199.99 lac The year wise dividend performance of the Fund is shown in the Table-2.1 :

35

Table –2.1: Year-wise dividend performance



1984-85 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97

12.50 14.00 15.00

8.50 9.00 10.50 28.00 29.00 29.00 22.00 22.00 21.00 27.00 40.00 42.00 45.00

21.00 23.00 25.50 28.00 29.00 29.00 22.00 22.00 21.00 27.00 40.00 42.00 45.00

1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

30.00 32.00 35.00 40.00 42.00 45.00 50.00 55.00 55.00 62.00 75.00 95.00 200.00 250.00

30.00 32.00 35.00 40.00 42.00 45.00 50.00 55.00 55.00 62.00 75.00 95.00 200.00 250.00

cÎ‡Kvl

2010-11 A_©eQ‡i G dvÛ KZ©„K 22wU †Kv¤úvwbi wmwKDwiwU‡R 99.64 j¶ UvKv wewb‡qvM Kiv n‡q‡Q| 30 Ryb 2011 Zvwi‡L G dv‡Ûi cÎ‡Kv‡l 679.39 j¶ UvKv µqg~‡j 130wU ‡Kv¤úvwbi wmwKDwiwUR wQj hvi evRvi g~j wQj 1899.79 j¶ UvKv| dv‡Ûi cÎ‡Kv‡li we —vwiZ weeiY cwiwkó-2.3 G cÖ wk©Z n‡q‡Q| 30 Ryb 2011 Zvwi‡L cÖwZwU 100.00 UvKv g~j¨gv‡bi wØZxq AvBwmwe wgDPyq vj dvÛ mvwU©wd‡K‡Ui jf vsk cieZx© bxU m¤c`g~j uvovq 2668.31 UvKv|

2010-11 A_©eQ‡i 100.00 UvKv g~j¨gv‡bi wØZxq AvBwmwe wgDPyq vj dv†Ûi mvwU©wd‡KU cÖwZ cÖviw¤¢K I mgvcYx evRvi g~j wQj h_vµ‡g 2500.00 UvKv I 4025.00 UvKv|

30 Ryb 2011 Zvwi‡L dv‡Ûi mvwU©wd‡KU‡nvìvi‡ i msL v wQj 980 Rb|

Portfolio

During 2010-11, the Fund has made an investment of Tk. 99.64 lac in securities of 22 companies. As on 30 June 2011 the Fund had securities of 130 companies in its portfolio with a total cost of Tk. 679.39 lac, the market value of which was Tk. 1899.79 lac. Details of the portfolio of the Fund as on 30 June 2011 are given in Annex-2.3

The ex-dividend net asset value per certificate of Second ICB Mutual Fund of Tk.100.00 each stood at Tk. 2668.31 as on 30 June 2011. The opening and closing market price per certificate of the Second ICB Mutual Fund of Tk. 100.00 each was Tk. 2500.00 and Tk. 4025.00 respectively during 2010-11. The number of certificate holders of the Fund was 980 as on 30 June 2011.

36

AUDITORS’ REPORT to the Certificate Holders of Second ICB Mutual Fund

We have audited the accompanying Financial Statements of Second ICB Mutual Fund (the “Fund”) which comprise the Statement of Financial Position as at 30 June 2011, Statement of Comprehensive Income, Statement of changes in equity, statement of cash flows for the year ended, and a summary of significant accounting policies and other explanatory information. The financial statements of the Fund for the year ended 30 June 2010 were jointly audited by Rahman Mostafa Alam & Co., Chartered Accountants and A. Matin & Co., Chartered Accountants who issued unqualified opinion on 25 July 2010. Management’s Responsibility for the Financial Statements: Management is responsible for the preparation and fair presentation of these financial statements of the Fund in accordance with Bangladesh Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of these financial statements of the Fund that are free from material misstatement, whether due to fraud or error. Auditors Responsibility: Our responsibility is to express an opinion on these financial statements of the Fund based on our audit. We conducted our audit in accordance with Bangladesh Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements of the Fund are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on our judgment, including the assessment of the risks of material misstatement of the financial statements of the Fund, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the entity’s preparation and fair presentation of the financial statements of the Fund in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements of the Fund. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion: In our opinion, except for the effects on the financial statements of the matter discussed in the emphasis of matter paragraph, the financial statements of the Fund prepared in accordance with the Bangladesh Financial Reporting Standards (BFRS), give a true and fair view of the financial position of the Fund as at 30 June 2011 and the results of its financial performance and its cash flows for the year ended 30 June 2011 and

37

comply with the ICB Ordinance 1976, the Mutual Fund Regulations 1993, the Securities and Exchange Rules 1987 and other applicable laws and regulations. Emphasis of Matter: We draw attention to note 27 of the financial statements which describes the deviation of few requirements of BAS/BFRS due to considering volatile stock market scenario and conservative policy of fund management. Our opinion is not qualified in this matter. We also report that:





Sd/- A Matin & Co.



38

Second ICB Mutual Fund Statement of Financial Position as at June 30, 2011

Amount in Taka Notes

30-Jun-11 30-Jun-10 Assets : Investments at Cost 4 67,939,191 61,297,649 Cash at Bank 5 28,982,732 11,618,823 Dividend and Interest Receivable 6 863,173 893,483 Receivable Installments of Investments 7 856,329 856,329 Share Application Money 8 - 2,500,000 Other Receivables 9 - 5,132 Total Assets 98,641,424 77,171,415

Liabilities : Accrued Expenses 10 13,190 63,190 Unclaimed Dividend 11 6,325,352 5,082,515 Provision for Loss on value of investments 12 16,565,723 15,690,723 Provision for possible fluctuation of investment 13 36,704,000 24,179,000 Provision for dividend & interest receivable 14 489,164 489,164 Other Liabilities 15 373,873 7,000 Total Liabilities 60,471,302 45,511,592

Net Assets 38,170,122 31,659,823

Net assets consists of: Capital Fund 16 5,000,000 5,000,000 General Reserve 17 670,588 670,588 Distributable Income 18 32,499,534 25,989,235 38,170,122 31,659,823 Net Asset Value (NAV) per share : Net assets-at cost 38,170,122 31,659,823 Net assets-at market value 145,915,332 148,606,000 Share of capital stock outstanding 50,000 50,000 Net assets value-at cost 763.40 633.20 Net assets value-at market value 2,918.31 2,972.12

The annexed notes 1 to 28 form an integral part of these financial statements.

Sd/- Sd/- Sd/- Sd/-


Chairman Managing Director Director Director As per our report of same date.



39

Investment Corporation of Bangladesh Second ICB Mutual Fund


Amount in Taka Income: Notes

30-Jun-11 30-Jun-10 Dividend and Intererst 19 3,581,572 2,966,863 Interest on Bank Deposits 20 449,291 521,429 Interest on Current Account with ICB 21 339,757 - Net realized gain on Investment 26,434,637 24,765,106 Others 22 - 54 30,805,257 28,253,452 Expenses: Staff Expenses 23 461,990 372,436 Management Fee 24 50,000 50,000 Listing Fee 25 20,000 20,000 Audit Fee 12,000 12,000 Postage & Stamps 5,634 175 Printing & Stationery 3,777 10,768 Interest on Current Account with ICB - 2,560,397 Bank Charges 19,030 55,777 Others 26 322,527 229,106 894,958 3,310,659

Net Income before Provision 29,910,299 24,942,793

Provision: Provision for Loss on value of investments 875,000 4,046,000 Provision for possible fluctuation of investment 12,525,000 8,154,000 Provision for Income Tax - - 13,400,000 12,200,000

Net Income for the year 16,510,299 12,742,793 Undistributed Income from previous year 15,989,235 13,246,442 Distributable income carried to balance sheet 32,499,534 25,989,235

Earning per certificate during the year 330.21 254.86 311.23




As per our report of same date. Sd/- Sd/- A. Matin & Co. Syful Shamsul Alam & Co. Chartered Accountants Dhaka, 30 July 2011


40


Second ICB Mutual Fund Statement of Changes in Equity for the year ended June 30, 2011

Particulars Capital

fund General Reserve


Total



Dividends

5,000,000

-

-

670,588

-

-

17,996,442

12,742,793

(4,750,000)

23,667,030

12,742,793

(4,750,000)



Dividends

5,000,000

-

-

670,588

-

-

25,989,235

16,510,299

(10,000,000)

31,659,823

16,510,299

(10,000,000)

Balance as at 30 June 2011 5,000,000 670,588 32,499,534 38,170,122




41

Investment Corporation of Bangladesh Second ICB Mutual Fund

Statement of Cash flows for the year ended June 30, 2011

Amount in Taka 30-Jun-11 30-Jun-10 Cash Flows from Operating Activities: Net Income before provision 29,910,299 24,942,793 Adjustment for: Share Application Money 2,500,000 (2,500,000) Dividend and Interest Receivable 30,310 121,005 Other assets 5,132 3,925 Other Liabilities (508,126) (220,486) Sale/(Purchase) of Marketable Investments (net) (5,766,542) 3,011,938 Current Account with ICB - (21,279,198) Accrued Expenses (50,000) 50,000 Net Cash inflows from operating activities 26,121,072 4,129,977 Cash Flows from financing Activities: Dividend Paid

(8,254,527) (5,614,332) Tax at Sources paid

(502,636) -

Net Cash Outflows from financing Activities (8,757,163) (5,614,332) Net Increase/(Decrease) in Cash

17,363,909 (1,484,355) Cash and cash equivalents at beginning of the year

11,618,823 13,103,178

Cash and cash equivalents at end of the year 28,982,732 11,618,823


Sd/- Sd/- Sd/- Sd/-





42

Second ICB Mutual Fund

Notes to the Financial Statements

For the year ended 30 June 2011 1. The Fund and its activities: 1.1 Status of the fund

Investment Corporation of Bangladesh (ICB) was established in 1976 with the objectives of accelerating industrialization and economic development of the country through development of capital market by mobilizing savings and encouraging and improving the investment climate in the country with particular emphasis placed on broadening the base and scope of investments as well as tapping marginal investors. Keeping in line with these objectives, the Second ICB Mutual Fund (the Fund) was established in June 1987, under Regulation 29A of ICB (General) Regulations with a total capital of Tk. 5,000,000.00 divided into 50,000 Certificates of Tk. 100 each. The management of the Fund is vested with ICB.

1.2 Nature of Business

The business of the Fund is to mobilize savings from the investors by way of selling certificates and investing the funds in securities so as to ensure maximum return for certificate holders. This is a close-end Fund invested in securities as a single account. Income, net of expenses, is distributable to certificate holders on a yearly basis.

2. Basis of preparation: 2.1 Statement of compliance


2.2 Basis of accounting

The annexed financial statements have been prepared under historical cost convention. 2.3 Functional and presentation currency

These financial statements are prepared in Bangladesh Taka (Taka/Tk.), which is the Trust’s functional currency. All financial information presented in Taka and has been rounded off to the nearest integer.

43

2.4 Use of estimates and judgments

The preparation of financial statements requires management to make judgment, estimates and assumptions that affect the application of Accounting policies and the reported amounts of assets, liabilities, income and expenses.

2.5 Reported period


3. Significant Accounting Policies: 3.1 Marketable Investments:

(i) Shares and redeemable value of debentures are stated at average cost price for purchases from primary and

secondary markets.

(ii) Profit / Loss on sale of shares is accounted for based on difference between average cost price and selling price.



3.2 Taxation

The Fund’s income is exempted from income tax vide Ministry of Finance SRO no. 88-L/80 of April 1980.

3.3 Cash and Bank

Cash and bank balance are carried at fair value.

3.4 General:

(i) Except for certain expenses reflected in these financial statements all other expenses including premises and equipment expenses are borne by ICB and, therefore, not reflected in these financial statements.

(ii) Management fee at the rate of one percent on capital fund is paid to ICB for management services and

support received from the Corporation.

(iii) Figures in these financial statements have been rounded off to the nearest Taka. Previous year's figures have been rearranged wherever found necessary to conform to current year's presentation.

44

Amount in Taka 30-Jun-11 30-Jun-10 4 Investments at Cost 67,939,191 61,297,649 The market value of investments was Tk. 18,99,78,510 at the close of business on June 30, 2011

which indicates a surplus of Tk 122,039,319 between market price and cost. (See Annexure-A for details)

5 Cash at Bank Agrani Bank (Amin Court Branch), STD A/c-0002154 69,274 67,084 Agrani Bank (Amin Court Branch), STD A/c-0002300 37,135 36,430 IFIC Bank (Motijheel Branch), STD A/c- 863002745 16,732,214 3,507,319 IFIC Bank (Motijheel Branch), Current A/c-88878 36,120 4,385 IFIC Bank (Federation Branch), STD A/c-863001121 98,912 98,237 IFIC Bank (Federation Branch), STD A/c-863001278 85,975 85,533 IFIC Bank (Federation Branch), STD A/c-863001393 32,710 33,226 IFIC Bank (Federation Branch), STD A/c-863001526 10,519 11,316 IFIC Bank (Federation Branch), STD A/c-863001682 297,524 293,501 IFIC Bank (Federation Branch), STD A/c-863001856 7,219 463,528 IFIC Bank (Federation Branch), STD A/c-863002045 9,120 742,417 IFIC Bank (Federation Br.), STD A/c-1008-000119-041 19,361 20,118 IFIC Bank (Federation Br.), STD A/c-1008-000223-041 782,952 1,255,730 IFIC Bank (Federation Br.), STD A/c-1008-000255-041 763,698

FSIBL (Mohakhali Br) Fixed Deposit A/C 10,000,000 5,000,000 Total: 28,982,732 11,618,823

6 Dividend and Interest on Securities Receivable Dividend Receivable for more than one year 80,680 80,680 Interest Receivable for more than one year 512,405 530,623 Dividend Receivable for less than one year 270,088 282,180 Total: 863,173 893,483

6.1 Movement of Dividend and Interest on Securities Receivable Opening Balance 893,483 1,014,487 Add: Receivable during the year 270,088 282,180 Less: Received during the year (300,397) (403,184) Closing Balance 863,173 893,483 (See Annexure-C for details) 7 Receivable Instalments of Investments Opening Balance 856,329 856,329 Less: Adjustment during the year - - Closing Balance 856,329 856,329 Outstanding for more than one year

8 Share Application Money Opening balance 2,500,000 - Add : Period during the year 2,500,000 Less: Adjustment during the year (2,500,000) - Closing Balance - 2,500,000

45

Amount in Taka 30-Jun-11 30-Jun-10 9 Other Receivables

Opening balance 5,132 - Add : Made during the year - 5,132 Less: Adjustment during the year (5,132) - Closing Balance - 5,132

10 Accrued Expenses Opening balance 63,190 13,190 Add : Made during the year 12,000 62,000 Less: Adjustment during the year (62,000) (12,000) Closing Balance 13,190 63,190

11 Unclaimed Dividend Opening Balance 5,082,515 5,946,847 Add: Dividend Declared during the year 10,000,000 4,750,000 Less: Dividend paid for previous year (987,657) (50,942) Less: Dividend paid for current year (7,266,870) (5,563,390) Less: Tax deducted at source (2007-08) (77,900) - Less: Tax deducted at source (2008-09) (110,276) - Less: Tax deducted at source (2009-10) (314,460) - Total: 6,325,352 5,082,515

12 Provision for Loss on value of investments Opening balance 15,690,723 11,644,723 Add: Provision during the year 875,000 4,046,000 Closing Balance 16,565,723 15,690,723

13 Provision for possible fluctuation of investment Opening balance 24,179,000 24,179,000 Add: Provision made during the year 12,525,000 - Closing Balance 36,704,000 24,179,000

14 Provision for dividend & interest receivable 489,164 489,164

15. Other Liabilities Opening balance 7,000 - Add: Suspence during the year 366,873 7,000 Closing Balance 373,873 7,000 16 Capital Fund 5,000,000 5,000,000

The Capital Fund is divided into 50,000 certificates of Tk.100 each fully paid up in cash.

46

Amount in Taka 30-Jun-11 30-Jun-10

17 General Reserve 670,588 670,588

The balance represents forfeited unclaimed dividend upto 2004 over 6 years.

18 Distributable Income Opening Balance 25,989,235 17,996,442 Less: Dividend Declared (10,000,000) (4,750,000) 15,989,235 13,246,442 Add: Net Income during the year 16,510,299 12,742,793 Closing Balance 32,499,534 25,989,235 19 Dividend & Interest Earned Dividend 3,410,984 2,736,863 Interest 170,588 230,000 Total: 3,581,572 2,966,863 (See Annexure-B for details) 20 Interest on Bank Deposits

Agrani Bank 4,046 3,522 IFIC Bank Ltd. 333,745 517,907 Standard Bank 111,500 - UCBL - - Total: 449,291 521,429

21 Interest on CA with ICB 339,757 -

The above amount represents interest on CA with ICB, which bears interest @ 12.00% p.a.

22 Other Income Share Splitting Charges - 54 - 54 23 Staff Expenses Basic Salary 190,469 170,216 Allowance 170,381 136,956 Festival Bonus 33,430 24,471 Incentive Bonus 67,710 40,793 Total: 461,990 372,436 24 Management Fee 50,000 50,000


25 Listing Fee Dhaka Stock Exchange 10,000 10,000 Chittagong Stock Exchange 10,000 10,000 Total: 20,000 20,000

47

Amount in Taka 30-Jun-11 30-Jun-10 26 Others Expenses Entertainment 3,000 3,000 Stock Exchange Charge 179,875 111,137 Advertisement 54,528 38,055 Miscellaneous 4,125 4,500 CDBL Charge 31,000 22,414 SEC Yearly Fees 50,000 50,000 Total: 322,527 229,106


There have been few deviations from the requirements of BAS/BFRS which are shown below along with financial impact where applicable: (a) Investments in quoted and unquoted shares are revalued at year-end at cost price. However, adequate provision are kept when market value is lower than cost price. Investments have not been accounted in market value (MV) which is a very newly adopted accounting standard in Bangladesh. In the Financial Statement this standard has not been considered due to volatile stock market scenario, conservative policy of fund management and prevailing dividend policy of mutual fund. At the year-end market value (for quoted shares) and book value (for unquoted shares) are higher than cost price by Tk.122,039,319. (b) Investments have been valued on aggregate portfolio basis and provision is required to be made considering overall decrease in the value of investment. The fund maintains both provision for loss on value of investment and provision for possible price fluctuation which is shown in Balance sheet under liabilities amounting to Tk.53,269,723. (c) Some disclosure and presentation requirements as per BFRS 7 and BAS 32 regarding risk management have not been made in the financial statements. However, management of the fund is prudent in risk management which is evident from steady growth of the fund. The fund is not exposed to any foreign currency and interest rate risk.

28 Event after the reporting date

The Board of Directors of Investment Corporation of Bangladesh declared cash dividend of Tk 250 per certificate for the year ended 30 June 2011 in its meeting held on 30 July 2011.



48


cwiwkó-2.1

Statement of Dividend & Interest Income Annex-2.1

SL. No. Name of the Company No.of

Shares Held Par Value

(TK.)

Rate of Dividend Declared

(%)

Amount of Dividend

Received (TK.)

A. Divdend 1 ACI Formalition Ltd. 5,000 10 30.00% 15,000.00 2 Advance Chemical Ind. Ltd. 7,449 10 120.00% 89,388.00 3 Agni Systems Ltd. 277 10 12.50% 346.25 4 Anlima Yarn Dyeing Ltd. 39,250 100 10.00% 392,500.00 5 Apex Foods Ltd. 945 100 12.0% 11,340.00 6 Aramit Ltd. 3,975 10 40.00% 15,900.00 7 Asia Insurance Ltd. 2,200 10 25.0% 5,500.00 8 BATBC 17,550 10 430.0% 754,650.00 9 Bay Leasing & Investment 200 100 10.00% 2,000.00

10 Bay Leasing & Investment 200 100 10.00% 2,000.00 11 BRAC Bank Ltd. 1,200 100 10.0% 12,000.00 12 Continental Insurance Ltd. 2,659 100 5.0% 13,295.00 13 DBH 1st M/F 15,000 10 7.0% 10,500.00 14 Delta Brac Housing Ltd. 141 100 10.0% 1,410.00 15 Delta Spinners Ltd. 3,900 100 10.0% 39,000.00 16 Dhaka Electric Supply Co. Ltd. 3,506 100 15.0% 52,590.00

17 Eastren Housing Ltd. 300 100 25.0% 7,500.00

18 EBL 1st M/F 69,000 10 20.0% 138,000.00 19 Glaxo smithkilne Bd. Ltd. 2,500 10 200.0% 50,000.00

20 Grameen One: Sehceme 2 3,000 10 20.0% 6,000.00

21 Grameenphone Ltd. 27,200 10 85.0% 231,200.00

22 Grameenphone Ltd. (Interim) 27,400 10 35.0% 95,900.00 23 H.R Textile Mills Ltd. 1,000 100 5.0% 5,000.00

24 Heidlberg Cement Bd. Ltd. 260 100 43.00% 11,180.00

25 Heidlberg Cement Bd. Ltd. 260 100 43.00% 11,180.00

26 ICB AMCL First M/F 3,100 100 50.0% 155,000.00

27 ICB AMCL Second M/F 6,850 100 14.0% 95,900.00

28 ICB AMCL Second NRB M/F 500 100 22.0% 11,000.00 29 ICB Employees Prov.M/F One 52,000 10 11.5% 59,800.00

30 Jamuna Oil Company Ltd. 880 10 30.00% 2,640.00

31 Jamuna Oil Company Ltd. 880 10 30.00% 2,640.00

32 Kaya Cosmetics Ltd. 1,500 10 15.0% 2,250.00

33 Malek Spinning Mills Ltd. 40,000 10 10.0% 40,000.00

34 Meghna Petrolium Ltd. 24,874 10 45.00% 111,933.00

35 Orion Infusion Ltd. 8,260 100 14.0% 115,640.00

49

SL. No. Name of the Company No.of


(TK.)


(%)

Amount of Dividend

Received (TK.)

36 Power Grid Co. of Bd. Ltd. 4,000 100 10.0% 40,000.00

37 Prime Bank 1st ICB AMCL M/F 40,000 10 10.0% 40,000.00

38 Prime Bank Ltd. 6,500 10 5.0% 3,250.00 39 Prime Finance 1st M/F 4,000 10 20.0% 8,000.00 40 Prime Islami Life Insurance 1,139 100 5.0% 5,695.00

41 Prime Textile Spinning Mills 6,150 100 11.0% 67,650.00

42 Progati Insurance Ltd. 100 100 15.00% 1,500.00

43 IBBL Mudaraba Perpetual Bond 2,570 1000 12.4% 317,395.00

44 Square Textile 40 10 16.00% 64.00

45 Golden Son Ltd 750 10 5.00% 375.00 46 BD Welding 1,035 10 5.00% 517.50

47 Progati Insurance Ltd. 100 100 15.00% 1,500.00

48 R.A.K Ceramics (BD) Ltd. 7,000 10 15.0% 10,500.00

49 Rahima Food Corporation 650 100 10.0% 6,500.00

50 Reckit Benckiser (Bd) Interm 300 10 150.0% 4,500.00 51 Reckitt Benckiser Ltd. 282 10 50.00% 1,410.00 52 Sotheast Bank Ltd. 8,853 100 10.0% 88,530.00 53 Squqre Pharmaceuticals Ltd. 2,693 100 35.0% 94,255.00

54 Summit Alliance Port 1,060 10 20.0% 2,120.00

55 Summit Alliance Port (Interim) 1,060 10 30.0% 3,180.00 56 Titas Gas Co. Ltd. 4,300 100 25.0% 107,500.00 57 United Leasing Ltd. 2,424 100 7.50% 18,180.00 58 United Leasing Ltd. 2,424 100 7.50% 18,180.00

Total A = 3,410,983.75 B. Interest

1 Navana CNG Ltd. 170,588.00 Total B = 170,588.00 Grand Total (A+B) = 3,581,571.75

50


cwiwkó-2.2 Statement of dividend receivable

Annex-2.2

SL. NO. Name of the Company

No. of Shares Held

Par Value (TK.)

Rate of Dividend Declared (%)

Amount Receivable

(TK.) A. Dividend Receivable for more than one year 1 BD Com Online Ltd. 500 10 10% 500.002 BD Dyeing & Finishing Ind. Ltd. 400 100 10% 3,400.003 BD Dyeing & Finishing Ind. Ltd. 400 100 10% 3,400.004 Eastern Cables Ltd. 3,600 100 10% 30,600.005 Fahad Industries Ltd. 3,500 10 50% 1,750.006 Fine Foods Ltd. 28,500 10 50% 14,250.007 Meghna Shirmp 1,400 100 50% 12,500.009 ICB AMCL 1st Mutual Fund 3,600 100 25% 14,280.00

Total (A) : 80,680.00B. Interest Receivable for more than one year: 1 Aramit Cement Ltd. 730 1,714 14% 53,059.002 Aramit Cement Ltd. 730 1,571 14% 80,300.003 Aramit Cement Ltd. 730 1,428 14% 73,000.004 Aramit Cement Ltd. 730 1,285 14% 65,700.005 Ararmit Cement 730 1,142 14% 58,400.006 Ararmit Cement 730 999 14% 51,100.007 Bangladesh Welding Electrodes 48 1,800 15% 6,480.008 Bangladesh Welding Electrodes 48 1,600 15% 5,760.009 Bangladesh Welding Electrodes 48 1,400 15% 5,040.00

10 Bangladesh Welding Electrodes 48 1,200 15% 4,320.0011 BD Welding 48 1,000 15% 3,600.0012 BD Welding 48 800 15% 2,880.0013 Bd. Welding 48 2,000 15% 7,200.0014 BD. Welding Electrodes Ltd. (Deb) 48 2,500 14% 9,000.0015 BD. Welding Electrodes Ltd. (Deb) 50 300 17% 1,275.0016 BD. Welding Electrodes Ltd. (Deb) 50 200 17% 850.0017 Bd.Welding 48 2,500 15% 9,000.0018 Beximco Denims 80 1,426 14% 7,985.6019 Beximco Denims 80 1,247 14% 6,983.2020 Beximco Denims 80 1,068 14% 5,980.8021 Beximco Denims 80 889 14% 4,978.4022 Beximco Denims 80 710 14% 3,976.0023 Beximco Denims 80 710 14% 2,973.6024 Beximco Denims 80 352 14% 1,971.2025 Beximco Denims 80 173 14% 968.8026 Beximco Denims Ltd. (Deb) 80 2,142 14% 11,995.2027 Beximco Denims Ltd. (Deb) 80 1,963 14% 10,992.80

Adjustment (Beximco denim) (18,218.00)28 Beximco Fisheries 80 1,784 14% 9,990.40

51


No. of Shares Held

Par Value (TK.)


Amount Receivable

(TK.) 29 Beximco Fisheries 80 1,605 14% 8,988.0030 Beximco Infusions Ltd. (Deb) 48 2,500 15% 6,875.0031 Beximco Infusions Ltd. (Deb) 48 2,500 15% 9,000.00

Total (B ): 512,405.00 C. Dividend Receivable for less than one year. 1 ACI Formulation Ltd. 5,000 10 30.00% 15,000.002 Advance Chemical Ind. Ltd. 7,449 10 120.00% 89,388.003 Aramit Ltd. 3,975 10 40.00% 15,900.004 Bay Leasing & Investment 200 100 10.00% 2,000.005 BD Welding 1,035 10 5.00% 517.506 Golden Son Ltd. 750 10 5.00% 375.007 Heidelberg Cement Bd. Ltd. 260 100 43.00% 11,180.008 Jamuna Oil Company Ltd. 880 10 30.00% 2,640.009 Meghna Petrolium Ltd. 24,874 10 45.00% 111,933.00

10 Progati Insurance Ltd. 100 100 15.00% 1,500.0011 Reckitt Benckiser Ltd. 282 10 50.00% 1,410.0012 Square Textile 40 10 16.00% 64.0013 United Leasing Ltd. 2,424 100 7.50% 18,180.00

Total (C) : 270,087.50

Grand Total (A+B+C): 863,172.50

52

Second ICB Mutual Fund Individual Portfolio Report

cwiwkó-2.3

Annex-2.3

Sl. No. Name of the Company No. of

Shares Per Value

Average Cost Price Per Share

on 30.06.11

Total cost price (Taka) 30.06.11

Market Price Per Share on 30.06.11

Total Market Price (Taka)

30.06.11

1 Al Arafah Islami Bank Ltd. 33,935 10 14.13 479,601.54 34.20 1,160,577.00 2 Bank Asia Limited 1,045 100 209.56 218,989.35 478.25 499,771.25 3 BRAC Bank Ltd. 1,340 100 81.54 109,270.09 480.50 643,870.00 4 Dhaka Bank Ltd. 9,891 10 2.24 22,113.80 44.70 442,127.70 5 Eastern Bank Ltd. 1,550 10 44.84 69,500.00 67.90 105,245.00 6 Exim Bank of Bangladesh Ltd. 44,376 10 10.03 445,313.07 32.90 1,459,970.40 7 First Security Bank Ltd. 29,400 10 12.95 380,758.49 24.90 732,060.00 8 I.F.I.C Bank Ltd. 5,963 100 817.55 4,875,079.99 799.50 4,767,418.50 9 Islami Bank Ltd. 2,403 100 345.25 829,644.18 512.50 1,231,537.50 10 Mercantile Bank Limited 1,620 100 65.67 106,377.79 321.00 520,020.00 11 Mutual Trast Bank Ltd 4,722 100 174.36 823,324.73 376.75 1,779,013.50 12 National Bank Ltd. 4,387 10 17.04 74,758.10 65.20 286,032.40 13 One Bank Ltd. 7 100 59.71 418.00 505.00 3,535.00 14 Premier Bank Ltd 29,103 10 3.58 104,223.13 33.50 974,950.50 15 Prime Bank Ltd. 29,775 10 45.12 1,343,450.00 47.50 1,414,312.50 16 Shahjalal Islami Bank Ltd 9,276 10 5.21 48,326.37 38.30 355,270.80 17 Social Investment Bank Ltd. 17,808 10 12.35 219,872.48 22.70 404,241.60 18 Southeast Bank Limitrd 9,623 100 149.80 1,441,567.12 320.50 3,084,171.50 19 Standard Bank Limited 4,740 100 114.10 540,838.78 327.50 1,552,350.00 20 Trust Bank Ltd 1,420 100 296.77 421,418.05 444.25 630,835.00 21 Aramit Cement Ltd. (Share) 5,200 100 99.00 514,815.00 1,194.25 6,210,100.00 22 Heidelbarg Cement Bd. Ltd. 260 100 2,951.15 767,300.00 3,040.00 790,400.00 23 Lafarge Surma Cement Ltd. 3,000 100 520.85 1,562,550.00 489.00 1,467,000.00 24 Rak Ceramic Bd Ltd. 7,700 10 43.64 336,000.00 105.00 808,500.00 25 Bsrm Steels Ltd. 552 100 72.46 40,000.00 1,413.50 780,252.00 26 Golden Son Ltd. 825 10 20.25 16,704.55 69.10 57,007.50 27 Jago Corporation 9,950 100 100.00 995,000.00 100.00 995,000.00 28 Monno Jutex Ltd. 160 100 235.50 37,680.00 2,230.00 356,800.00 29 Aci Formulations Ltd. 5,000 10 174.00 870,000.00 133.20 666,000.00 30 Apex Foods Ltd. 925 100 386.12 357,156.80 956.25 884,531.25 31 B A T B C 17,550 10 111.11 1,950,064.64 630.90 11,072,295.00 32 Fine Foods Limited 1,472 10 - - 64.40 94,796.80 33 Meghna Shrimp Ltd. 1,400 100 88.94 124,515.00 115.75 162,050.00 34 N.T.C 191 100 450.77 86,097.44 4,949.50 945,354.50 35 Bangladesh Welding Electrodes 3,345 10 9.33 31,200.00 57.00 190,665.00 36 Dhaka Electric Supply Co.Ltd 4,557 100 308.72 1,406,818.16 1,706.50 7,776,520.50 37 Jamuna Oil Co. Ltd. 10,560 10 120.78 1,275,434.55 258.60 2,730,816.00 38 Meghna Petrolium Ltd. 21,317 10 111.51 2,376,955.12 188.60 4,020,386.25 39 Padma Oil Company 19,500 10 14.49 282,648.06 733.20 14,297,400.00 40 Power Grid Co.Bd. Ltd 5,500 100 533.96 2,936,792.17 807.75 4,442,625.00 41 Summit Power Ltd 11,400 10 34.20 389,930.68 81.50 929,100.00 42 Tital Gas Transmission &

D.C.L. 5,430 100 470.27 2,553,591.56 802.25 4,356,217.50

43 Agni Systems Ltd. 426 10 11.42 4,863.10 43.50 18,531.00

53


Shares Per Value


on 30.06.11



Total Market Price

(Taka) 30.06.11

44 Bangladesh Online Limited 120 10 4.46 535.70 105.80 12,696.00 45 Agrani Insurance Co. Ltd. 2,267 100 243.12 551,144.44 525.50 1,191,308.50 46 Asia Insurance Ltd. 4,950 10 12.93 64,000.00 72.60 359,370.00 47 Asia Pacific General Insurance 2,200 100 137.15 301,737.31 528.75 1,163,250.00 48 City General Insurance Co.Ltd 440 10 7.50 3,300.00 50.90 22,396.00 49 Continental Insurance Ltd 3,974 100 108.32 430,463.13 538.50 2,139,999.00 50 Dhaka Insurance Ltd. 1,000 100 122.00 122,000.00 1,187.75 1,187,750.00 51 Eastland Insurance Co. Ltd. 2,508 100 38.12 95,614.05 924.00 2,317,392.00 52 Islami Insurance Bd. Ltd. 300 100 100.00 30,000.00 538.25 161,475.00 53 Janata Insurance Co. Ltd. 2,316 10 157.98 365,890.91 631.00 1,461,396.00 54 Mercantile Insurance Co. Ltd. 2,880 100 180.45 519,709.10 532.00 1,532,160.00 55 Nitol Insurance Co. Ltd. 952 100 289.05 275,178.27 661.00 629,272.00 56 Northren General Ins. Co. Ltd. 295 100 67.80 20,000.00 668.25 197,133.70 57 Pragati Insurance Ltd 100 100 1,534.00 153,400.00 923.50 92,350.00 58 Prime Insurance Co.Ltd 15,370 10 4.50 69,166.68 322.60 4,958,362.00 59 Provati Insurance Co. Ltd. 500 100 100.00 50,000.00 558.00 279,000.00 60 Republic Insurance Co. Ltd. 440 100 90.91 40,000.00 629.25 276,870.00 61 Rupali Life Insurance Co. Ltd. 550 100 90.91 50,000.00 2,602.00 1,431,100.00 62 Standard Insurance Co. Ltd. 560 100 90.91 50,909.09 529.50 296,520.00 63 Takaful Islami Insurance Co. Ltd. 230 100 128.70 29,600.00 774.25 178,077.50 64 DBH First Mutual Fund 14,000 10 10.00 140,000.00 11.80 165,200.00 65 EBL First Mutual Fund 69,000 10 10.00 690,000.00 13.50 931,500.00 66 First Janata Bank Mutual Fund 83,500 10 9.19 767,200.00 8.60 718,100.00 67 Grameen One: Scheme Two 3,000 10 10.00 30,000.00 20.70 62,100.00 68 Green Delta Mutual Fund 93,500 10 8.28 774,600.00 8.20 766,700.00 69 ICB Amcl First Mutual Fund 3,100 100 187.08 579,958.35 640.25 1,984,775.00 70 ICB Amcl Second Mutual Fund 7,150 100 101.70 727,125.00 133.50 954,525.00 71 ICB Amcl Second Nrb M F 500 100 100.00 50,000.00 193.50 96,750.00 ICB Amcl Third Nrb M F 74,500 10 9.72 724,000.00 9.70 722,650.00 72 ICB Employees Pro. M.F.

One:S.O 52,000 10 10.00 520,000.00 12.70 660,400.00

73 IFIC Bank 1st M.F 12,000 10 10.00 120,000.00 11.30 135,600.00 74 IFIL Islamic Mutual Fund -1 88,500 10 7.96 704,100.00 7.70 681,450.00 75 MBL First Mutual Fund 84,500 10 10.00 845,000.00 8.70 735,150.00 76 Phoenix Fin. 1st M.F 15,000 10 10.00 150,000.00 12.20 183,000.00 77 Popular Life First Mutual Fund 29,500 10 10.00 295,000.00 8.00 236,000.00 78 Prime Bank 1st ICB Amcl M.F 47,000 10 9.86 463,400.00 9.60 451,200.00 79 Prime Fin. 1st Mutual Fund 4,000 10 10.00 40,000.00 19.40 77,600.00 80 Trust Bank 1st Mutual Fund 44,500 10 11.21 498,900.00 12.10 538,450.00 81 Islam Jute Mills Ltd. 1,538 100 130.00 199,940.00 130.00 199,940.00 82 Aramit Ltd 3,975 10 6.67 26,500.00 379.00 1,506,525.00 83 Miracle Industries Ltd 3,155 10 8.15 25,713.90 30.00 94,650.00 84 Bangladesh Fin. & Inv. Co. Ltd. 20 10 12.78 255.54 91.60 1,832.00 85 Bangladesh Inds. Finance Co. 690 100 126.59 87,350.10 567.50 391,575.00 86 Bay Leasing & Investment Ltd. 200 100 258.33 51,666.67 1,122.00 224,400.00 87 Delta Brac Housing Finance Cor. 177 100 112.46 19,905.28 2,371.25 419,711.25 88 Fas Finance & Investment Ltd. 375 100 134.24 50,339.68 506.00 189,750.00 89 Firest Lease International Ltd. 428 100 142.48 60,982.04 1,069.75 457,853.00 90 IPDC 74 100 118.34 8,757.38 391.00 28,934.00

54


Shares Per Value


on 30.06.11




30.06.11

91 Intl. Leasing & Fin Services 1,008 100 63.64 64,152.97 1,236.50 1,246,392.00 92 Phoenix Finance & Inv. Ltd 1,976 100 173.97 343,765.67 949.00 1,875,224.00 93 Premier Leasing Int. Ltd. 2,262 100 159.02 359,703.28 733.75 1,659,742.50 94 United Leasing Co. Ltd 4,240 100 61.79 261,990.64 826.25 3,503,300.00 95 ACI Limited 7,449 10 51.92 386,729.48 269.60 2,008,250.40 96 Active Fine Camechemicals Ltd. 2,300 10 8.70 20,000.00 65.80 151,340.00 97 Beacon Pharmaceuticals Ltd. 102,500 10 10.00 1,025,000.00 32.10 3,290,250.00 98 Beximco Pharmaceuticals Ltd 17,779 10 38.80 689,789.64 80.40 1,429,431.60 99 Deshbandhu Palymer Ltd. 1,000 10 10.00 10,000.00 66.60 66,600.00 100 Glaxo Wellcome (Bd) Ltd 2,475 10 8.80 21,780.00 973.50 2,409,412.50 101 Imam Button Industries Ltd. 750 100 100.00 75,000.00 373.50 280,125.00 102 Keya Cosmetis Ltd. 1,500 10 5.84 8,755.00 87.00 130,500.00 103 Orion Infusions Ltd.(Mala) 8,000 100 148.52 1,188,199.36 660.75 5,286,000.00 104 Reckitt Benckiser (Bd.) Ltd. 282 10 142.44 40,167.18 1,213.70 342,263.40 105 Salvo Chemical Ind. Ltd. 3,000 10 10.00 30,000.00 54.40 163,200.00 106 Square Pharmaceuticals Ltd 3,600 100 1,892.46 6,812,841.41 3,542.25 12,752,100.00 107 Wata Chemicals Ltd. 960 100 159.68 153,289.00 270.00 259,200.00 108 Eastern Housing Ltd (Share) 200 100 100.00 20,000.00 888.25 177,650.00 109 Summit Alliance Port Ltd. 1,325 10 17.15 22,725.76 80.90 107,192.50 110 Paragon & Footwear Ltd. 2,200 100 49.80 109,562.50 16.00 35,200.00 111 Grameen Phone Ltd. 29,200 10 76.29 2,227,600.00 163.90 4,785,880.00 112 Anlima Yarn Dyeing Ltd 34,950 100 103.06 3,601,941.85 402.25 14,058,637.50 113 Apex Weav & Finish Mills 6,660 100 85.66 570,462.50 154.00 1,025,640.00 114 Ashraf Textile Mills Ltd 120 10 5.75 690.31 17.80 2,136.00 115 Bd Dyeing & Finishing Ind. 400 100 83.35 33,340.00 64.25 25,700.00 116 Bextex Ltd 452 10 12.78 5,776.72 33.40 15,096.80 117 Dandy Dyeing Ltd 2,000 100 100.00 200,000.00 98.50 197,000.00 118 Delta Spinners Ltd. 3,200 100 82.36 263,544.80 462.75 1,480,800.00 119 H.R. Textile Mills Ltd. 900 100 120.12 108,108.36 493.75 444,375.00 120 Maksons Spinning Mills Ltd. 35,985 10 21.23 763,885.50 44.20 1,590,537.00 121 Malek Spinning Mills Ltd. 40,000 10 25.00 1,000,000.00 57.10 2,284,000.00 122 Metro Spinning Limited 17,448 10 9.75 170,109.75 59.30 1,034,666.40 123 Prime Textile Spin. Mills Ltd 5,000 100 120.53 602,634.22 534.50 2,672,500.00 124 R.N. Spinning Mills Ltd. 2,600 10 5.13 13,333.25 78.40 203,840.00 125 Square Textile Ltd. 48 10 70.05 3,362.30 139.30 6,686.40 126 The Dacca Dy. & M Co. Ltd. 1,000 10 10.00 10,000.00 57.60 57,600.00 A.2…..Debenture Cement 127 Aramit Cement Ltd. (Deb) 730 2,500 440.37 321,470.00 440.37 321,470.00

Corporate Bond

128 Mudaraba Perpetual Bond 2,570 1,000 983.03 2,526,375.00 959.50 2,465,915.00 Fuel & Power

129 BD Welding Electrodes (Deb) 48 2,500 600.00 28,800.00 600.00 28,800.00

55


Shares Per Value


on 30.06.11




30.06.11

B. NON-LISTED - SECURITIES / SHARES B.1..Debenture Fuel & Power

130 Navana Cng (Deb) 1 2,500,000 500,000 500,000.00 500,000 500,000.00 GRAND TOTAL 67,939,190.96 189,978,510.40

56


Statement of Profit on Sale of Securities During 2010-11 cwiwkó-2.4

Annex-2.4


No. of Shares Sold

Cost Price per

Share (Taka)

Selling Price per

Share (Taka)

Total Cost Price

(Taka)


Capital Gain (Taka)

1 Bangladesh Fin. & Inv. Co. Ltd 850 127.77 1,100.00 108,604.50 935,000.00 826,395.50 2 Bangladesh Inds. Finance Co. 600 173.66 971.00 104,196.00 582,600.00 478,404.00 3 Bay Leasing & Investment Ltd 400 258.33 1,932.91 103,332.00 773,164.00 669,832.00 4 FAS Finance and Investment Ltd 200 134.24 866.00 26,848.00 173,200.00 146,352.00 5 First Lease International Ltd 300 227.54 971.33 68,262.00 291,399.00 223,137.00 6 IPDC 300 128.79 549.67 38,637.00 164,901.00 126,264.00 7 Intl. Leasing & Fin. Services 500 78.89 1,345.60 39,445.00 672,800.00 633,355.00 8 National Housing Fin. & Inv. 200 100.00 1,000.00 20,000.00 200,000.00 180,000.00 9 Peoples Leasing & Fin. Services 3360 45.18 365.47 151,804.80 1,227,979.20 1,076,174.40 10 Phonix Finance & Inv. Ltd 500 183.73 1,517.40 91,865.00 758,700.00 666,835.00 11 Premier Leasing International Ltd 1400 196.02 813.93 274,428.00 1,139,502.00 865,074.00 12 United Leasing Co. Ltd 620 108.08 1,781.35 67,009.60 1,104,437.00 1,037,427.40 13 Al-Arafa Islami Bank Ltd 27000 24.76 94.32 668,520.00 2,546,640.00 1,878,120.00 14 Brac Bank Ltd 200 99.34 626.88 19,868.00 125,376.00 105,508.00 15 Dhaka Bank Ltd 1000 2.24 43.00 2,240.00 43,000.00 40,760.00 16 Exim Bank Bangladesh Ltd 23200 17.39 60.31 403,448.00 1,399,192.00 995,744.00 17 First Security Bank Ltd 9200 13.27 35.62 122,084.00 327,704.00 205,620.00 18 Mercantile Bank Ltd 100 65.67 311.50 6,567.00 31,150.00 24,583.00 19 Mutual Trust Bank Ltd 200 168.99 677.00 33,798.00 135,400.00 101,602.00 20 National Bank Ltd 5500 33.23 178.95 182,765.00 984,225.00 801,460.00 21 Premier Bank Ltd 21500 4.67 55.48 100,405.00 1,192,820.00 1,092,415.00 22 Shahjalal Islami Bank Ltd 8300 8.25 69.61 68,475.00 577,763.00 509,288.00 23 Social Islami Bank Ltd 2500 13.34 20.60 33,350.00 51,500.00 18,150.00 24 Southeast Bank Ltd 1700 162.73 373.79 276,641.00 635,443.00 358,802.00 25 Trust Bank Ltd 100 79.53 828.00 7,953.00 82,800.00 74,847.00 26 DBH First Mutual Fund 3000 10.00 16.67 30,000.00 50,010.00 20,010.00 27 EBL First Mutual Fund 5500 10.00 17.08 55,000.00 93,940.00 38,940.00

28 ICB AMCL Third NRB Mutual Fund 11000 10.00 14.55 110,000.00 160,050.00 50,050.00

29 IFIC Bank 1st MF 8000 10.00 15.75 80,000.00 126,000.00 46,000.00 30 Phonix Finance 1st MF 3000 10.00 15.00 30,000.00 45,000.00 15,000.00 31 Prime Bank 1st ICB AMCL MF 5000 10.00 14.64 50,000.00 73,200.00 23,200.00 32 Trust Bank 1st Mutual Fund 5000 10.00 16.24 50,000.00 81,200.00 31,200.00 33 Golden Son Ltd 3000 18.18 89.63 54,540.00 268,890.00 214,350.00 34 Jamuna Oil Co. Ltd 1000 144.94 333.50 144,940.00 333,500.00 188,560.00 35 Meghna Petroleum Ltd 4800 118.41 220.56 568,368.00 1,058,688.00 490,320.00

57


No. of Shares Sold

Cost Price per

Share (Taka)

Selling Price per

Share (Taka)

Total Cost Price

(Taka)


Capital Gain (Taka)

36 Titas Gas Transmission & D.C.L. 100 470.27 840.00 47,027.00 84,000.00 36,973.00 37 Anlima Yarn Dying Ltd 6450 103.06 406.89 664,737.00 2,624,440.50 1,959,703.50 38 Delta Spinners Ltd 820 82.36 590.06 67,535.20 483,849.20 416,314.00 39 H.R. Textile Mills Ltd 1350 130.35 638.87 175,972.50 862,474.50 686,502.00 40 Maksons Spinning Mills Ltd 28500 15.34 73.27 437,190.00 2,088,195.00 1,651,005.00 41 Malek Spinning Mills Ltd 4500 25.00 86.84 112,500.00 390,780.00 278,280.00

42 Monno Fabrics Ltd 600 88.92 114.04 53,352.00 68,424.00 15,072.00 43 Prime Textile Spin. Mills Ltd 4100 120.53 742.36 494,173.00 3,043,676.00 2,549,503.00 44 R. N. Spinning Mills Ltd 5050 27.06 209.56 136,653.00 1,058,278.00 921,625.00 45 Square Textiles Ltd 650 84.06 172.00 54,639.00 111,800.00 57,161.00 46 The Dacca Dyeing & Man. Co. Ltd 6500 10.00 54.78 65,000.00 356,070.00 291,070.00 47 Active Fine Chemicals Ltd 1500 10.00 80.47 15,000.00 120,705.00 105,705.00 48 Beacon Pharmaceuticals Ltd 3000 10.00 87.15 30,000.00 261,450.00 231,450.00 49 Deshbandhu Polymer Ltd 500 10.00 71.00 5,000.00 35,500.00 30,500.00 50 Imam Button Industries Ltd 1050 100.00 431.67 105,000.00 453,253.50 348,253.50 51 Marico Bangladesh Ltd 1000 90.00 564.85 90,000.00 564,850.00 474,850.00 52 Square Pharmaceuticals Ltd 100 1,892.46 3,452.00 189,246.00 345,200.00 155,954.00 53 Summit Alliance Port Ltd 700 21.44 250.61 15,008.00 175,427.00 160,419.00 54 United Airways (BD) Ltd 1300 100.00 282.48 130,000.00 367,224.00 237,224.00 55 Lafarge Surma Cement Ltd 1000 520.85 585.03 520,850.00 585,030.00 64,180.00 56 M. I. Cement Factory Ltd 4900 111.60 142.27 546,840.00 697,123.00 150,283.00 57 RAK Ceramics (Bangladesh) Ltd 3000 48.00 209.83 144,000.00 629,490.00 485,490.00 58 Agrani Insurance Co. Ltd 400 243.12 835.00 97,248.00 334,000.00 236,752.00 59 Continental Insurance Ltd 500 100.37 643.40 50,185.00 321,700.00 271,515.00 60 Mercantile Insurance Co. Ltd 200 180.45 560.25 36,090.00 112,050.00 75,960.00 61 Standard Insurance Ltd 100 90.91 546.00 9,091.00 54,600.00 45,509.00 62 Grameenphone Ltd 1200 70.00 273.13 84,000.00 327,756.00 243,756.00

Grand Total 8,569,953.33 35,004,590.00 26,434,636.00

58

Z„Zxq AvBwmwe wgDPyq¨vj dvÛ Third ICB Mutual Fund jf¨vsk I my` Avq 2010-11 A_©eQ‡i dvÛ †gvU 58wU wmwKDwiwUR n‡Z 41.45 j¶ UvKv jf¨vsk I my eve` Avq K‡i‡Q hvi g‡a¨ 37.37 j¶ UvKv (90.16 kZvsk) 30 Ryb 2011 Zvwi‡Li g‡a¨ bM‡` cvIqv hvq| †Kv¤úvwb wfwËK jf¨vsk I my` Avq Ges cÖvc¨ jf¨vsk I my‡ì we —vwiZ weeiY h_vµ‡g cwiwkó-3.1 Ges cwiwkó-3.2 G †`Lv‡bv n‡q‡Q|


2010-11 A_©eQ‡i G dvÛ 69wU ‡Kv¤úvwbi wmwKDwiwUR weµq K‡i 303.52 j¶ UvKv g~jabx gybvdv AR©b K‡i‡Q| g~jabx gybvdv AR©‡bi we¯—vwiZ weeiY cwiwkó-3.4 G †`Lv‡bv n‡q‡Q|

Dividend and Interest Income The Fund has earned an amount of Tk. 41.45 lac dividend and interest from 58 securities during 2009-10 of which, Tk. 37.37 lac (90.16 per cent) was received in cash within 30 June 2011. Details of dividend & interest income and receivables are shown in Annex-3.1 and Annex-3.2 respectively.



Avq, e¨q I eÈb‡hvM¨ gybvdv

wmwKDwiwU†R wewb‡qvM n‡Z jf¨vsk I my` eve` Avq 41.45 j¶ UvKv, e¨vsK Avgvb‡Zi Dci my 20.19 j¶ UvKv Ges g~jabx gybvdv 303.52 j¶ UvKvmn Av‡jvP¨ A_©eQ‡i G dv‡Ûi †gvU Av‡qi cwigvY `vuovq 367.75 j¶ UvKv| ÷vd LiP, eë¯’vcbv wd, gy`ªY I †ókbvix, WvK I Zvi, AvBwmweÕi mv‡_ cwiPvwjZ PjwZ wnmv‡ei Dci my`, e¨vsK PvR©, wewb‡qvM mwÂwZ Ges Ab¨vb¨ LiP eve` †gvU 119.41 j¶ UvKv ev` †`qvi ci dv‡Ûi bxU Avq uvovq 248.34 j¶ UvKv| c~e©eZx©© eQ‡ii Aew›UZ g~bvdv 236.89 j¶ UvKv †hvM Kivi ci 30 Ryb 2011 Zvwi‡L dv‡Ûi bxU e›Ub‡hvM¨ Av‡qi cwigvY `vuovq 485.23 j¶ UvKv| d‡j mvwU©wd‡KU cÖwZ eÈb†hvM¨ g~bvdvi cwigvY ùvovq 485.23 UvKv |

Income, Expenses and Distributable income

During the year under review, the Fund has earned a gross income of Tk.367.75 lac by way of dividend and interest income from investment in securities of Tk.41.45 lac, interest income of Tk.20.19 lac on bank deposits, capital gains of Tk.303.52 lac and other income. After deducting the total expenses of Tk.119.41 lac incurred as staff expenses, management fee, printing and stationery, postage and telegram, interest on current account with ICB, bank charges, provision against investments and others, the net income of the Fund stood at Tk.248.34 lac. Taking into account the previous year’s undistributed income of Tk. 236.89 lac the Fund had a net distributable income of Tk. 485.23 lac as on 30 June 2011 resulting in distributable income per certificate of Tk. 485.23.

jf¨vsk

Av‡jvP¨ dvÛ 2010-11 A_©eQ‡i cÖwZwU 100.00 UvKv g~j¨gv‡bi mvwU©wd‡K‡Ui Rb¨ 185.00 UvKv nv‡i jf¨vsk †NvlYv K‡i‡Q hv c~e©eZx© eQ‡i wQj 140.00 UvKv| jf¨vsk cÖ v‡bi Rb¨ †gvU 185.00 j¶ UvKvi ms¯’vb ivLvi ci dv‡Û 305.23 j¶ UvKv Aew›UZ gybvdv _v‡K| mviYx- 3.1 G dv‡Ûi eQiIqvix jf¨vs‡ki nvi cÖ`wk©Z nj :

Dividend

The Fund has declared dividend at the rate of Tk. 185.00 per certificate of Tk.100.00 each for the year 2010-11, which was Tk. 140.00 per certificate in the previous year. After making provision of Tk.180.00 lac for payment of dividend the Fund has an undistributed income of Tk.305.23 lac. The Year-wise dividend performance of the Fund is shown in the Table-3.1 :

59

Table – 3.1: Year-wise dividend performance



1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98

11.00 12.00

10.00 10.50 25.50 26.00 26.00 19.00 19.00 18.00 22.00 27.00 28.00 38.00 35.00

21.00 22.50 25.50 26.00 26.00 19.00 19.00 18.00 22.00 27.00 28.00 38.00 35.00

1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

38.00 40.00 45.00 50.00 50.00 50.00 52.00 52.00 56.00 65.00 85.00

140.00 185.00

38.00 40.00 45.00 50.00 50.00 50.00 52.00

52.00 56.00 65.00 85.00

140.00 185.00

cÎ‡Kvl 2010-11 A_©eQ‡i G dvÛ KZ©„K 19wU †Kv¤úvwbi wmwKDwiwU‡R 75.56 j¶ UvKv wewb‡qvM Kiv n‡q‡Q| 30 Ryb 2011 Zvwi‡L G dv‡Ûi cÎ‡Kv‡l 749.59 j¶ UvKv µqg~‡j¨ 146wU †Kv¤úvwbi wmwKDwiwUR wQj hvi evRvi g~j¨ wQj 2674.97 j¶ UvKv| 30 Ryb 2011 Zvwi‡L dv‡Ûi cÎ‡Kv‡li we¯—vwiZ weeiY cwiwkó-3.3 G cÖ`wk©Z n‡q‡Q|

30 Ryb 2011 Zvwi‡L cÖwZwU 100.00 UvKv g~j¨gv‡bi Z„Zxq AvBwmwe wgDPyq¨vj dvÛ mvwU©wd‡K‡Ui jf¨vsk cieZx© bxU m¤c`g~j¨ uvovq 2022.95 UvKv| 2010-11 A_©eQ‡i 100.00 UvKv g~j¨gv‡bi Z„Zxq AvBwmwe wgDPyq¨vj dv‡Ûi mvwU©wd‡KU cÖwZ cÖviw¤¢K I mgvcYx evRvig~j¨ wQj h_vµ‡g 1906.75 UvKv I 2585.00 UvKv|

30 Ryb 2011 Zvwi‡L dv‡Ûi mvwU©wd‡KU‡nvìvi‡`i msL¨v wQj 1360 Rb|

Portfolio During 2010-11 the Fund has made an investment of Tk.75.56 lac in securities of 19 companies. As on 30 June 2011 the Fund had securities of 143 companies in its portfolio with a total cost of Tk. 749.59 lac, the market value of which was Tk.2674.97 lac. Details of the portfolio of the Fund as on 30 June 2011 are given in Annex-3.3.

The ex-dividend net asset value per certificate of Third ICB Mutual Fund of Tk.100.00 each stood at Tk.2022.95 as on 30 June 2011. During 2010-11, the opening and closing market price per certificate of Tk. 100.00 each of the third ICB Mutual Fund was Tk. 1906.75 and Tk.2585.00 respectively.


60

AUDITORS’ REPORT

To the Certificate Holders' of Third ICB Mutual Fund We have audited the accompanying Financial Statements of Third ICB Mutual Fund (the “Fund”) which comprise the Statement of Financial Position as at 30 June 2011, Statement of Comprehensive Income, Statement of changes in equity, statement of cash flows for the year ended, and a summary of significant accounting policies and other explanatory information. The financial statements of the Fund for the year ended 30 June 2010 were jointly audited by Rahman Mostafa Alam & Co., Chartered Accountants and A. Matin & Co., Chartered Accountants who issued unqualified opinion on 25 July 2010. Management’s Responsibility for the Financial Statements: Management is responsible for the preparation and fair presentation of these financial statements of the Fund in accordance with Bangladesh Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of these financial statements of the Fund that are free from material misstatement, whether due to fraud or error. Auditors Responsibility: Our responsibility is to express an opinion on these financial statements of the Fund based on our audit. We conducted our audit in accordance with Bangladesh Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements of the Fund are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on our judgement, including the assessment of the risks of material misstatement of the financial statements of the Fund, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the entity’s preparation and fair presentation of the financial statements of the Fund in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements of the Fund. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion: In our opinion, except for the effects on the financial statements of the matter discussed in the emphasis of matter paragraph, the financial statements of the Fund prepared in accordance with the Bangladesh Financial Reporting Standards (BFRS), give a true and fair view of the financial position of the Fund as at 30 June 2011 and the results of its financial performance and its cash flows for the year ended 30 June 2011 and comply with the ICB Ordinance 1976, the Mutual Fund Regulations 1993, the Securities and Exchange Rules 1987 and other applicable laws and regulations. Emphasis of matter:

61

We draw attention to note 26 of the financial statements which describes the deviation of few requirements of BAS/BFRS due to considering volatile stock market scenario and conservative policy of fund management. Our opinion is not qualified in this matter. We also report that:





Sd/- A Matin & Co.



62

Investment Corporation of Bangladesh Third ICB Mutual Fund


Amount in Taka

Notes 30-Jun-11 30-Jun-10

Assets Investments at cost 4 74,958,891 69,825,467 Cash at Bank 5 41,496,397 21,114,072 Installments receivable on Investments 6 106,541 106,541 Dividend and Interest Receivable 7 574,552 643,582 Share Application Money 8 - 2,500,000 Others 9 - 139,124 Total Assets 117,136,381 94,328,785 Liabilities Accrued Expenses 10 17,316 67,316 Unclaimed Dividend 11 6,960,803 6,773,860 Provision for loss on value of investments 12 16,367,991 14,252,991 Provision for possible fluctuation of price of investments 13 33,752,000 24,867,000 Provision for dividend & interest receivable 14 209,184 209,184 Other Liabilities 15 919,207 82,465 Total Liabilities 58,226,501 46,252,816 Net Assets 58,909,880 48,075,969 Net assets consists of: Capital Fund 16 10,000,000 10,000,000 General Reserve 17 386,865 386,865 Distributable Income 18 48,523,015 37,689,104 58,909,880 48,075,969 Net Asset Value (NAV) per share Net assets-at cost 58,909,880 48,075,969 Net assets-at market value 220,794,570 233,038,000 Share of capital stock outstanding 100,000 100,000 Net assets value-at cost 589.10 480.76 Net assets value-at market value 2,207.95 2,330.38







63



Amount in Taka


Income Dividend and Interest 19 4,145,138 3,641,228 Interest on bank deposits 20 2,018,746 538,572 Interest on current account with ICB 258,870 Net realized gain on investment 30,351,741 26,102,002 Others 21 44 - 36,774,539 30,281,802 Expenses Staff Expenses 22 461,990 372,436 Management Fee 23 100,000 100,000 Listing Fee 24 20,000 20,000 Audit Fee 12,000 12,000 Postage & Stamps 7,369 175 Printing & Stationery 7,079 10,769 Interest on current account with ICB - 2,045,450 Bank charges 19,205 50,882 Others 25 312,985 232,371 940,628 2,844,083 Net Income before provision 35,833,911 27,437,719 Provision: for loss on value of investments 2,115,000 1,420,000 for possible fluctuation of price of investments 8,885,000 7,580,000 11,000,000 9,000,000 Net income for the year 24,833,911 18,437,719 Undistributed Income from previous year 23,689,104 19,251,385 Distributable income carried to balance sheet 48,523,015 37,689,104 Earnings per certificate during the year 248.34 184.38


Sd/- Sd/- Sd/- Sd/-






64


Third ICB Mutual Fund Statement of Changes in Equity for the year ended June 30, 2011

Particulars Capital



Total



Dividends

10,000,000

-

-

386,865

-

-

27,751,385

18,437,719

(8,500,000)

38,138,250

18,437,719

(8,500,000)



Dividends

10,000,000

-

-

386,865

-

-

37,689,104

24,833,911

(14,000,000)

48,075,969

24,833,911

(14,000,000)





65


Statement of Cash Flow for the year ended June 30, 2011

Amount in Taka 30-Jun-11 30-Jun-10 Cash Flows from Operating Activities: Net Income before provision 35,833,911 27,437,719 Adjustment for: Share Application Money 2,500,000 (2,500,000) Dividend and Interest Receivable 69,030 226,588 Other Liabilities 836,742 (162,418) Accrued Expenses (50,000) 50,000 Current Account with ICB - (8,703,857) Others assets 139,125 (139,124) Receivable Installment of Debenture - - Sale/(Purchase) of Marketable Investments (5,133,424) 2,320,507 Net Cash inflows from operating activities 34,195,383 18,529,415

Cash Flows from financing activities: Dividend Paid (12,564,474) (10,397,810) Tax paid at source (1,248,584) - Net cash flows used in financing activities (13,813,058) (10,397,810)

Net increase/(Decrease) in Cash and cash equivalents

20,382,325 8,131,605

Cash and cash equivalents at beginning of year 21,114,072 12,982,467 Cash and cash equivalents at end of year 41,496,397 21,114,072






66


NOTES TO THE FINANCIAL STATEMENT For the year ended 30 June 2011

1. The Fund and its activities: 1.1 Status of the fund:

Investment Corporation of Bangladesh (ICB) was established in 1976 with the objectives of accelerating industrialization and economic development of the country through development of capital market by mobilizing savings and encouraging and improving the investment climate in the country with particular emphasis placed on broadening the base and scope of investments as well as tapping marginal investors. Keeping in line with these objectives, the Third ICB Mutual Fund (the Fund) was established in June 1987, under Regulation 29A of ICB (General) Regulations with a total capital of Tk. 1,00,00,000.00 divided into 1,00,000 Certificates of Tk. 100 each. The management of the Fund is vested with ICB.





2.2 Basis of accounting:

The annexed financial statements have been prepared under historical cost convention. 2.3 Functional and presentation currency:


2.4 Use of estimates and judgments:


67





secondary markets.


(iii) Dividend income from stock is recognized when shareholders’ right is established. (iv) Bonus shares i.e. stock dividend received or receivable from various companies is not accounted for as income

rather included in the portfolio to reduce the average cost.

3.2 Taxation:

(v) The Fund’s income is exempted from income tax vide Ministry of Finance SRO no.88-L/80 of 01April 1980

3.3 Cash and Bank:


3.4 General: (i) Except for certain expenses reflected in these financial statements all other expenses including premises and

equipment expenses are borne by ICB and, therefore, not reflected in these financial statements.

(ii) Management fee at the rate of one percent on capital fund is paid to ICB for management services and support received from the Corporation.


68

Amount in Taka 30-Jun-11 30-Jun-10 4 Investments at Cost 74,958,891 69,825,467

The market value of investments was Tk 267,496,963/- at the close of business on June 30, 2011

which indicates a surplus of Tk. 192,538,073/- between market price and cost. (See Annexure-A for details) 5 Cash at Bank

Agrani Bank (Amin Court Branch), STD A/c-0002162 64,472 62,509 Agrani Bank (Amin Court Branch), STD A/c-0002311 62,084 60,229 IFIC Bank (Motijheel Branch), STD A/c-2753 18,084,365 5,721,730 IFIC Bank (Motijheel Branch), Current A/c-88886 24,364 (7,852,890) IFIC Bank (Federation Branch), STD A/c-863001138 29,278 29,856 IFIC Bank (Federation Branch), STD A/c-863001286 7,981 108,107 IFIC Bank (Federation Branch), STD A/c-863001402 - 34 IFIC Bank (Federation Branch), STD A/c-863001534 479 179,889 IFIC Bank (Federation Branch), STD A/c-863001699 1,077,029 1,059,616 IFIC Bank (Federation Branch), STD A/c-863001864 569,201 560,287 IFIC Bank (Federation Branch), STD A/c-863002053 705,239 693,876 IFIC Bank (Federation Branch), STD A/c-1008-000120-041 19,361 20,118 IFIC Bank (Federation Branch), STD A/c-1008-000224-041 591,461 470,713 IFIC Bank (Federation Branch), STD A/c-1008-000256-041 261,084 UCBL (Eskaton Br) Fixed Deposit A/C 20,000,000 20,000,000 41,496,397 21,114,072

6 Installment receivable on Investments 106,541 106,541

7 Dividend and Interest Receivable:

Dividend Receivable 497,332 484,362 Interest Receivable 77,220 159,220 574,552 643,582 7.1 Aging analysis Dividend Receivable for less than one year 408,530 395,570 Dividend Receivable for more than one year 88,802 88,792 497,332 484,362 (See Annexure-B for details) 7.2 Movement of Dividend and Interest Receivable Opening balance 643,582 870,169 Add: Addition during the year 326,540 395,570 Less: Received during the year (395,570) (622,157) Closing balance 574,552 643,582

69

Amount in Taka 30-Jun-11 30-Jun-10 8 Share Application Money

Opening balance 2,500,000 - Add : Made during the year 2,500,000 Less : Adjustment during the year (2,500,000) - Closing balance - 2,500,000 9 Others

Opening balance 139,124 139,124 Add : Made during the year - - Less : Adjustment during the year (139,124) Closing balance 0 139,124 10 Accrued Expenses: Audit Fee 12,000 12,000 SEC yearly fees - 50,000 Others 5,316 5,316 17,316 67,316 11 Unclaimed Dividend Opening balance 6,773,860 8,671,670 Add: Dividend declared for the year 2009-2010 14,000,000 8,500,000 Less: Dividend paid for the year 2009-2010 (10,773,349) (10,349,680) Less: Dividend paid for previous year (1,791,125) (48,130) Less: Tax deducted at source (2007-08) (224,046) - Less: Tax deducted at source (2008-09) (325,672) - Less: Tax deducted at source (2009-10) (698,865) - Closing balance 6,960,803 6,773,860 12 Provision for loss on value of investments Opening balance 14,252,991 12,832,991 Add: Provision made during the year 2,115,000 1,420,000 Closing balance 16,367,991 14,252,991 13 Provision for possible fluctuation of price of investments Opening balance 24,867,000 17,287,000 Add: Provision made during the year 8,885,000 7,580,000 Closing balance 33,752,000 24,867,000 14 Provision for dividend and interest receivable 209,184 209,184 15 Other Liabilities 919,207 82,465 16 Capital Fund 10,000,000 10,000,000 The Capital Fund is divided into 100,000 certificates of Tk.100 each fully paid up in cash.

70

Amount in Taka 30-Jun-11 30-Jun-10 17 General Reserve: 386,865 386,865 The above amount represents forfeited unclaimed dividend up to 2004 over 6 years. Amount in Taka 30-Jun-11 30-Jun-10 18 Distributable Income: Opening balance 37,689,104 27,751,385 Less: Dividend declared for the year 2009-2010 (14,000,000) (8,500,000) 23,689,104 19,251,385 Add: Net Income 22,333,911 18,437,719 Closing balance 46,023,015 37,689,104 19 Dividend & Interest 4,145,138 3,641,228 (See Annexure-C for details) 20 Interest on Bank Deposits: Agrani Bank 4,958 4,238 IFIC Bank Ltd. 418,788 534,334 Standard Chartered Bank 445,000 United Commercial Bank Limited 1,150,000 2,018,746 538,572 21 Other Income Share Splitting Charges 44 - 22 Staff Expenses Basic Salary 190,469 170,216 Allowance 170,381 136,956 Festival Bonus 33,430 24,471 Incentive Bonus 67,710 40,793 461,990 372,436 23 Management Remuneration 100,000 100,000

Management remuneration at the rate of one percent on capital fund is paid to ICB for management services and support received from the Corporation as per the decision of the Board of Directors.

24 Listing Fee: Dhaka Stock Exchange 10,000 10,000 Chittagong Stock Exchange 10,000 10,000 20,000 20,000

71

Amount in Taka 30-Jun-11 30-Jun-10 25 Others Expenses: Entertainment 3,000 3,000 Stock Exchange Charge 184,972 113,210 Miscellaneous 4,125 4,500 CDBL Charge 16,361 23,606 Advertisement 54,528 38,055 SEC Yearly Fees 50,000 50,000 312,985 232,371


There have been few deviations from the requirements of BAS/BFRS which are shown below along with financial impact where applicable: (a) Investments in quoted and unquoted shares are revalued at year-end at cost price. However, adequate provision are kept when market value is lower than cost price. Investments have not been accounted in market value (MV) which is a very newly adopted accounting standard in Bangladesh. In the Financial Statement this standard has not been considered due to volatile stock market scenario, conservative policy of fund management and prevailing dividend policy of mutual fund. At the year-end market value (for quoted shares) and book value (for unquoted shares) are higher than cost price by Tk.192,538,073 (b) Investments have been valued on aggregate portfolio basis and provision is required to be made considering overall decrease in the value of investment. The fund maintains both provision for loss on value of investment and provision for possible price fluctuation which is shown in Balance sheet under liabilities amounting to Tk.50,119,991 (c) Some disclosure and presentation requirements as per BFRS 7 and BAS 32 regarding risk management have not been made in the financial statements. However, management of the fund is prudent in risk management which is evident from steady growth of the fund. The fund is not exposed to any foreign currency and interest rate risk.

27 Events after the reporting date

The board of directors of Investment Corporation of Bangladesh declared cash dividend of Tk. 185 per certificate for the year ended 30 June 2011 in its meeting held on 30 July 2011.

Sd/- Sd/- Sd/- Sd/-






72

Third ICB Mutual Fund

Statement of Dividend and Interest Income during 2010-11 cwiwkó-3.1

Annex-3.1

Name of Company Face

Value Rate of

Dividend No of

Shares

Amount (TK) A. Dividend 1. Apex Foods Ltd. 100 12.0% 50 6002. AB Bank Ltd. 100 20.0% 2,816 56,3203. ACI Formalition Ltd. 10 30.00% 5,000 15,0004. Advance Chemical Ind. Ltd. 10 120.00% 4,710 56,5205. Agni Systems Ltd. 10 12.5% 796 9956. Anlima Yarn Dyeing Ltd. 100 10.0% 4,950 49,5007. Aramit Ltd. 10 40.00% 37,500 150,0008. Asia Insurance Ltd. 10 25.0% 1,100 2,7509. Bangladesh Lamps Ltd. 100 35.0% 415 14,52510. BATBC 10 430.0% 20,700 890,10011. Bay Leasing & Investment 100 10.00% 100 1,00012. BD Welding 10 5.00% 115 5813. BOC Bangladesh (Interm) 10 250.0% 7,800 195,00014. BOC Bangladesh Ltd. 10 100.0% 7,800 78,00015. BRAC Bank Ltd. 100 10.0% 3,294 32,94016. Continental Insurance Ltd. 100 5.0% 2,879 14,39517. DBH 1st M/F 10 7.0% 27,500 19,25018. Delta Brac Housing Ltd. 100 10.0% 501 5,01019. Dhaka Electric Supply Co. Ltd. 100 15.0% 2,922 43,83020. Eastren Housing Ltd. 100 25.0% 2,580 64,50021. EBL 1st M/F 10 20.0% 65,000 130,00022. Glaxo smithkilne Bd. Ltd. 10 200.0% 2,000 40,00023. Grameen One: Sehceme 2 10 20.0% 7,000 14,00024. Grameenphone Ltd. 10 85.0% 40,800 346,80025. Grameenphone Ltd. (Interim) 10 35.0% 41,000 143,50026. H.R Textile Mills Ltd. 100 5.0% 500 2,50027. Heidlberg Cement Bd. Ltd. 100 43.00% 160 6,88028. IBBL Mudaraba Perpetual Bond 1000 12.4% 3,010 371,73529. ICB AMCL First M/F 100 50.0% 600 30,00030. ICB AMCL Second M/F 100 14.0% 8,700 121,80031. ICB AMCL Second NRB M/F 100 22.0% 300 6,60032. ICB Employees Prov.M/F One 10 11.5% 71,000 81,65033. Jamuna Oil Company Ltd. 10 30.00% 10,100 30,30034. Kaya Cosmetics Ltd. 10 15.0% 3,200 4,80035. Malek Spinning Mills Ltd. 10 10.0% 40,000 40,00036. Meghna Petrolium Ltd. 10 45.00% 27,814 125,16337. Olympic Industries Ltd. 100 10.0% 11,315 113,15038. Orion Infusion Ltd. 100 14.0% 6,860 96,04039. Power Grid Co. of Bd. Ltd. 100 10.0% 3,500 35,000

73



40. Prime Bank 1st ICB AMCL M/F 10 10.0% 32,000 32,00041. Prime Bank Ltd. 10 5.0% 8,500 4,25042. Prime Finance 1st M/F 10 20.0% 4,000 8,00043. Prime Islami Life Insurance 100 5.0% 1,092 5,46044. Prime Textile Spinning Mills 100 11.0% 500 5,50045. Progati Insurance Ltd. 100 15.00% 100 1,50046. Pubali Bank Ltd. 10 5.0% 66,040 33,02047. R.A.K Ceramics (BD) Ltd. 10 15.0% 8,000 12,00048. Rahima Food Corporation 100 10.0% 200 2,00049. Reckit Benckiser (Bd) Interm 10 150.0% 1,850 27,75050. Reckitt Benckiser Ltd. 10 50.00% 1,820 9,10051. Sotheast Bank Ltd. 100 10.0% 9,075 90,75052. Square Textile 10 16.00% 40 6453. Squqre Pharmaceuticals Ltd. 100 35.0% 4,500 157,50054. Summit Alliance Port 10 20.0% 3,000 6,00055. Summit Alliance Port (Interim) 10 30.0% 3,000 9,00056. Titas Gas Co. Ltd. 100 25.0% 5,100 127,50057. United Leasing Ltd. 100 7.50% 1,726 12,945

Total (A)= 3,974,550B. Interest 58. Navana CNG (Deb) 170,588 Total (B)= 170,588 Grand Total (A+B)= 4,145,138

74

Third Mutual Fund

Statement of dividend and Interest receivable for FY-2010-11 cwiwkó-3.2

Annex-3.2

Name of the Company No.of Shares Held

Par

Value (TK.)


Amount Receivable

(TK.) A.Dividend Receivable for more than one year: 1. BD Dyeing & Finishing Ind. Ltd. 510 100 10.00% 5,1002. BD Dyeing & Finishing Ind. Ltd. 510 100 10.00% 5,1003. BD Online Ltd. 625 10 10.00% 6254. Eastern Cables Ltd. 4,250 100 10.00% 42,5005. Fine Foods Ltd. 28,500 10 5.00% 14,2506. Meghna Shirmp 420 100 12.00% 4,2847. Eastland Insurance Com Ltd. 359 100 10.00% 3,5908. Glaxosmith Kline BD Ltd. 25 10 25.00% 639. AB Bank Ltd. 3,336 100 15.00% 78010. ICB AMCL 1st Mutual Fund 500 100 25.00% 12,50011. BD Thai 2 100 5.00% 10

Total (A) : 88,802B.Interest Receivable for more than one year: 12. Bangladesh Welding Electrodes 1,800 52 15.00% 7,02013. Bangladesh Welding Electrodes 1,600 52 15.00% 6,24014. Bangladesh Welding Electrodes 1,400 52 15.00% 5,46015. Bangladesh Welding Electrodes 1,200 52 15.00% 4,68016. BD Welding 1,000 52 15.00% 3,90017. BD Welding 800 52 15.00% 3,12018. Bd. Welding 2,500 52 15.00% 9,75019. Bd. Welding 2,000 52 15.00% 7,80020. BD. Welding Electrodes Ltd. (Deb) 2,500 52 15.00% 9,75021. BD. Welding Electrodes Ltd. (Deb) 2,500 52 15.00% 9,75022. BD. Welding Electrodes Ltd. (Deb) 2,500 52 1500.00% 9,750

Total (B) : 77,220 C.Dividend Receivable for less than one year. 23. ACI Formalition Ltd. 5,000 10 30.00% 15,00024. Advance Chemical Ind. Ltd. 4,710 10 120.00% 56,52025. Aramit Ltd. 37,500 10 40.00% 150,00026. Bay Leasing & Investment 100 100 10.00% 1,00027. BD Welding 115 10 5.00% 5828. Heidlberg Cement Bd. Ltd. 160 100 43.00% 6,88029. Jamuna Oil Company Ltd. 10,100 10 30.00% 30,30030. Meghna Petrolium Ltd. 27,814 10 45.00% 125,16331. Progati Insurance Ltd. 100 100 15.00% 1,50032. Reckitt Benckiser Ltd. 1,820 10 50.00% 9,10033. Square Textile 40 10 16.00% 6434. United Leasing Ltd. 1,726 100 7.50% 12,945 Total (C) : 408,530 Grand Total (A+B+C) : 574,551

75


Individual Portfolio Report cwiwkó-3.3

Annex-3.3


shares Per

Value

Average cost price



Market price per share on 30.o6.11


1 Al Arafa Islami Bank Ltd. 18,677 10.00 14.16 264,444.33 34.20 638,753.00 2 Arab Bangladesh Bank Ltd. 3,345 100.00 26.67 89,221.94 851.00 2,846,595.00 3 Bank Asia Limited 3,989 100.00 65.72 262,161.92 478.25 1,907,739.00 4 Brac Bank Ltd. 3,952 100.00 84.47 333,819.96 480.50 1,898,936.00 5 Dhaka Bank Ltd. 16,105 10.00 4.95 79,762.69 44.70 719,893.00 6 Eastern Bank Ltd. 1,550 10.00 44.84 69,500.00 67.90 105,245.00 7 Exim Bank Of Bangladesh Ltd 39,172 10.00 9.52 372,855.79 32.90 1,288,758.00 8 First Security Bank Ltd. 74,760 10.00 10.64 795,493.26 24.90 1,861,524.00 9 I.F.I.C. Bank Ltd. 4,062 100.00 833.65 3,386,300.00 799.50 3,247,569.00

10 Islami Bank Ltd. 421 100.00 220.98 93,032.50 512.50 215,762.00 11 Mercantile Bank Limited 1,924 100.00 64.02 123,167.45 321.00 617,604.00 12 Mutual Trust Bank Ltd. 11,730 100.00 178.75 2,096,795.85 376.75 4,419,277.00 13 National Bank Ltd. 4,387 10.00 17.04 74,758.10 65.20 286,032.00 14 One Bank Limited 327 100.00 19.86 6,493.18 505.00 165,135.00 15 Premier Bank Limited 57,225 10.00 3.99 228,601.07 33.50 1,917,037.00 16 Prime Bank Limited 34,475 10.00 46.26 1,594,850.00 47.50 1,637,562.00 17 Pubali Bank Ltd. 89,154 10.00 3.41 304,364.32 55.30 4,930,216.00 18 Shahjalal Islami Bank Ltd. 42,331 10.00 4.81 203,622.96 38.30 1,621,277.00 19 Social Islami Bank Limited 20,834 10.00 12.39 258,125.26 22.70 472,931.00 20 Southeast Bank Limited 10,490 100.00 122.52 1,285,272.32 320.50 3,362,045.00 21 Standard Bank Limited 11,337 100.00 44.69 506,604.28 327.50 3,712,867.00 22 Trust Bank Limited 2,701 100.00 148.77 401,829.17 444.25 1,199,919.00 23 Aramit Cement Ltd. (Share) 10,500 100.00 163.78 1,719,650.88 1,194.25 12,539,625.00 24 Heidelberg Cement Bd. Ltd. 160 100.00 2,885.94 461,750.00 3,040.00 486,400.00 25 Lafarge Surma Cement Ltd. 2,500 100.00 520.59 1,301,474.39 489.00 1,222,500.00 26 Monno Ceramic Industries Ltd. 216 100.00 66.67 5,333.60 723.75 156,330.00 27 Rak Ceramics(Bangladesh) Ltd. 8,800 10.00 43.64 384,000.00 105.00 924,000.00 28 Standard Ceramic Ltd. 3,937 100.00 197.25 776,562.50 473.00 1,862,201.00 29 Bangladesh Lamps Ltd. 400 100.00 45.89 18,356.14 1,702.50 681,000.00 30 Bangladesh Thai Aluminiu Ltd. 166 100.00 182.75 30,335.78 664.75 110,348.00 31 Bsrm Steels Limited 690 100.00 72.46 50,000.00 1,413.50 975,315.00 32 Jago Corporation Limited 9,800 100.00 100.00 980,000.00 100.00 980,000.00 33 Olympic Industries Ltd. 24,356 100.00 89.68 2,184,302.40 1,902.00 46,325,112.00 34 Wonderland Toys Limited 2,600 100.00 100.00 260,000.00 68.25 177,450.00 35 Aci Formulations Limited 5,000 10.00 174.00 870,000.00 133.20 666,000.00 36 Alpha Tobacco Co. Ltd. 450 10.00 11.25 5,063.00 24.60 11,070.00 37 Apex Foods Ltd. 45 100.00 322.11 14,494.80 956.24 43,031.00 38 B A T B C 20,604 10.00 107.14 2,207,427.08 630.90 12,999,063.00 39 B.L.T.C. 800 100.00 200.00 160,000.00 243.75 195,000.00 40 Fine Foods Limited 1,472 10.00 0.00 0.00 64.40 94,796.00 41 Froglegs Export Ltd. 12,800 10.00 23.50 300,800.00 23.50 300,800.00 42 Meghna Shrimp Ltd. 420 100.00 87.83 36,890.00 115.75 48,615.00 43 N.T.C. 48 100.00 223.83 10,743.94 4,949.50 237,576.00

76


shares Per

Value

Average cost price per share

on 30.06.11

Total cost price (Tk.)

30.06.11


Total Market price (TK)

30.06.11

44 Bangladesh Welding Electrodes 355 10.00 9.30 3,300.00 57.00 20,235.00 45 Boc Bangladesh Limited. 7,800 10.00 136.73 1,066,460.91 678.70 5,293,860.00 46 Dhaka Electric Supply Co. Ltd 3,798 100.00 333.80 1,267,766.78 1,706.50 6,481,287.00 47 Eastern Lubricants 3,050 10.00 146.24 446,037.91 556.30 1,696,715.00 48 Jamuna Oil Company Ltd. 12,120 10.00 120.95 1,465,945.72 258.60 3,134,232.00 49 Meghna Petroleum Ltd. 24,404 10.00 111.53 2,721,844.72 188.60 4,602,594.00 50 Power Grid Co. Bd. Ltd. 4,725 100.00 473.13 2,235,525.00 807.75 3,816,618.00 51 Summit Power Ltd. 19,915 10.00 32.83 653,883.64 81.50 1,623,072.00 52 Titas Gas Transmission & D.C.L 5,810 100.00 416.07 2,417,342.79 802.25 4,661,072.00 53 Agni Systems Limited 1,137 10.00 11.40 12,960.00 43.50 49,459.00 54 Bangladesh Online Limited 136 10.00 4.40 598.60 105.79 14,388.00 55 Agrani Insurance Co. Ltd. 4,645 100.00 249.14 1,157,267.34 525.50 2,440,947.00 56 Asia Insurance Limited 2,475 10.00 12.93 32,000.00 72.60 179,685.00 57 Asia Pacific General Insurance 1,936 100.00 133.37 258,202.71 528.75 1,023,660.00 58 Central Insurance Co.Ltd. 1,682 100.00 54.50 91,669.68 713.00 1,199,266.00 59 City General Insurance Co. Ltd 6,800 10.00 10.03 68,183.10 50.90 346,120.00 60 Continental Insurance Ltd. 4,319 100.00 106.86 461,513.55 538.50 2,325,781.00 61 Dhaka Insurance Limited 750 100.00 121.33 91,000.00 1,187.75 890,812.00 62 Eastern Insurance Co.Ltd. 646 100.00 0.00 0.00 869.75 561,858.00 63 Eastland Insurance Co.Ltd. 1,747 100.00 53.50 93,463.84 924.00 1,614,228.00 64 Islami Insurance Bd Ltd. 500 100.00 100.00 50,000.00 538.25 269,125.00 65 Janata Insurance Co.Ltd. 369 100.00 157.97 58,290.91 631.00 232,839.00 66 Karnafuli Insurance Co.Ltd. 24,440 10.00 11.14 272,278.93 62.80 1,534,832.00 67 Mercantile Insurance Co. Ltd. 2,000 100.00 182.14 364,285.71 532.00 1,064,000.00 68 Northern General Insurance Co. 592 100.00 67.57 40,000.00 668.25 395,604.00 69 Paramount Insurance Co. Ltd. 340 100.00 90.91 30,909.09 529.25 179,945.00 70 Phoenix Insurance Co.Ltd. 2,860 10.00 3.84 10,970.20 87.70 250,822.00 71 Pragati Insurance Ltd. 100 100.00 1,534.00 153,400.00 923.50 92,350.00 72 Prime Islami Life Insurance Ltd. 14,740 10.00 4.75 70,000.00 322.60 4,755,124.00 73 Provati Insurance Company Ltd. 450 100.00 100.00 45,000.00 558.00 251,100.00 74 Republic Insurance Co. Ltd. 715 100.00 90.91 65,000.00 629.25 449,913.00 75 Rupali Life Insurance Co. Ltd. 550 100.00 90.91 50,000.00 2,602.00 1,431,100.00 76 Standard Insurance Ltd. 1,210 100.00 90.91 110,000.00 529.50 640,695.00 77 Takaful Islami Insurance Ltd. 230 100.00 128.17 29,480.00 774.25 178,077.00 78 DBH First Mutual Fund 26,500 10.00 10.00 265,000.00 11.80 312,700.00 79 EBL First Mutual Fund 65,000 10.00 10.00 650,000.00 13.50 877,500.00 80 First Janata Bank Mutual Fund 83,000 10.00 9.28 769,900.00 8.60 713,800.00 81 Grameen One : Scheme Two 7,000 10.00 10.00 70,000.00 20.70 144,900.00 82 Green Delta Mutual Fund 94,000 10.00 8.29 779,200.00 8.20 770,800.00 83 ICB Amcl First Mutual Fund 600 100.00 240.91 144,545.45 640.25 384,150.00 84 ICB Amcl Second Mutual Fund 8,700 100.00 100.00 870,000.00 133.50 1,161,450.00 85 ICB Amcl Secound Nrb M.F. 300 100.00 100.00 30,000.00 193.50 58,050.00 86 ICB Amcl Third Nrb Mutual F 71,500 10.00 9.71 694,000.00 9.70 693,550.00 87 ICB Employees Prov.M.F.One:S 71,000 10.00 10.00 710,000.00 12.70 901,700.00 88 IFIC Bank 1st MF 14,500 10.00 10.00 145,000.00 11.30 163,850.00 89 IFIL Islamic Mutual Fund-1 85,500 10.00 8.01 684,700.00 7.70 658,350.00 90 MBL 1st Mutual Fund 84,500 10.00 10.00 845,000.00 8.70 735,150.00 91 Phoenix Finance 1st MF 13,000 10.00 10.00 130,000.00 12.20 158,600.00

77


shares Per

Value


on 30.06.11


30.06.11



30.06.11

92 Popular Life First Mutual Fund 32,500 10.00 10.00 325,000.00 8.00 260,000.00

93 Prime Bank 1st Icb Amcl M Fund

42,000 10.00 9.79 411,300.00 9.60 403,200.00

94 Prime Finance First Mutual Fund 4,000 10.00 10.00 40,000.00 19.40 77,600.00 95 Trust Bank 1st Mutual Fund 38,000 10.00 10.77 409,400.00 12.10 459,800.00 96 ISLAM JUTE MILLS LTD. 2,700 100.00 148.00 399,600.00 148.00 399,600.00 97 ARAMIT LIMITED 37,500 10.00 19.63 735,980.40 379.00 14,212,500.00 98 BEXIMCO LIMITED(SHARE) 470 10.00 200.00 94,000.00 159.90 75,153.00 99 MIRACLE INDUSTRIES LTD. 2,453 10.00 8.15 19,997.55 30.00 73,590.00

100 Bangladesh Fin. & Inv. Co. Ltd. 680 10.00 10.97 7,459.23 91.60 62,288.00 101 Bangladesh Inds. Finance Co 943 100.00 159.65 150,553.15 567.50 535,152.00 102 Bay Leasing & Investment Ltd 100 100.00 258.33 25,833.34 1,122.00 112,200.00 103 Delta Brac Housing Finance Cor 627 100.00 112.38 70,464.81 2,371.25 1,486,773.00 104 FAS Finance And Investment Ltd. 2,790 100.00 159.19 444,139.26 506.00 1,411,740.00 105 First Lease International Ltd 253 100.00 166.65 42,163.65 1,069.75 270,646.00 106 I P D C 69 100.00 124.39 8,582.81 391.00 26,979.00 107 Intl. Leasing & Fin. Services 256 100.00 62.22 15,929.23 1,236.50 316,544.00 108 Lankabangla Finance Ltd. 641 10.00 0.00 0.00 209.90 134,545.00 109 Phoenix Finance & Inv. Ltd 1,892 100.00 94.42 178,633.84 949.00 1,795,508.00 110 Premier Leasing International Ltd. 2,142 100.00 164.49 352,330.26 733.75 1,571,692.00 111 Union Capital Limited 3,230 10.00 2.82 9,102.55 98.00 316,540.00 112 United Leasing Co. Ltd. 2,992 100.00 61.31 183,451.62 826.25 2,472,140.00 113 Aci Limited 4,710 10.00 47.03 221,503.21 269.60 1,269,816.00 114 Active Fine Chemicals Limited 575 10.00 8.70 5,000.00 65.80 37,835.00 115 Beacon Pharmaceuticals Ltd. 107,500 10.00 10.00 1,075,000.00 32.10 3,450,750.00 116 Beximco Pharmaceuticals Ltd. 19,789 10.00 27.99 553,863.64 80.40 1,591,035.00 117 Beximco Synthetics(Share) 12 100.00 60.75 728.98 432.00 5,184.00 118 Deshbandhu Polymer Limited 500 10.00 10.00 5,000.00 66.60 33,300.00 119 Glaxo Wellcome (Bd) Ltd. 2,025 10.00 27.73 56,153.25 973.50 1,971,337.00 120 Keya Cosmetics Limited 3,200 10.00 7.68 24,560.00 87.00 278,400.00 121 Orion Infusions Ltd(Mala) 6,660 100.00 146.09 972,968.28 660.75 4,400,595.00 122 Reckitt Benckiser (Bd) Ltd. 1,820 10.00 10.21 18,578.24 1,213.70 2,208,934.00 123 Salvo Chemical Industry Ltd. 3,500 10.00 10.00 35,000.00 54.40 190,400.00 124 Square Pharmaceuticals Ltd 6,050 100.00 1,375.08 8,319,214.09 3,542.25 21,430,612.00 125 Wata Chemicals Ltd. 240 100.00 220.42 52,900.00 270.00 64,800.00 126 Eastern Housing Limited(Sha 2,400 100.00 106.49 255,565.85 888.25 2,131,800.00 127 Summit Alliance Port Ltd. 3,750 10.00 14.53 54,490.96 80.90 303,375.00 128 Excelsior Shoes Limited 2,500 100.00 100.00 250,000.00 69.25 173,125.00 129 Paragon Leather & Footwear 16,800 100.00 79.64 1,337,950.00 16.00 268,800.00 130 Grameenphone Ltd. 42,800 10.00 74.29 3,179,700.00 163.90 7,014,920.00 131 Anlima Yarn Dyeing Ltd. 2,900 100.00 99.93 289,788.80 402.25 1,166,525.00 132 Apex Weaving & Finishing Mills 3,441 100.00 72.02 247,808.78 154.00 529,914.00 133 Ashraf Textile Mills Ltd. 2,678 10.00 7.69 20,580.76 17.80 47,668.00 134 Bd.Dyeing & Finishing Ind 600 100.00 83.35 50,010.00 64.25 38,550.00 135 H.R.Textile Mills Ltd. 550 100.00 90.91 50,000.00 493.75 271,562.00 136 Maksons Spinning Mills Ltd. 87,510 10.00 20.93 1,831,557.05 44.20 3,867,942.00 137 Malek Spinning Mills Ltd. 40,000 10.00 25.00 1,000,000.00 57.10 2,284,000.00

78


shares Per

Value


on 30.06.11


30.06.11



30.06.11

138 Metro Spinning Limited 6,898 10.00 9.73 67,116.20 59.30 409,051.00 139 Quasem Textile 20,400 10.00 10.00 204,000.00 14.00 285,600.00 140 R. N. Spinning Mills Limited 1,430 10.00 5.17 7,391.30 78.40 112,112.00 141 Square Textiles Ltd 48 10.00 70.05 3,362.30 139.29 6,686.00 142 Tallu Spinning Mills Ltd. 115 100.00 100.00 11,500.00 608.50 69,977.00

143 The Dacca Dyeing & Man.Co.Ltd.

2,500 10.00 10.00 25,000.00 57.60 144,000.00

A.2.----DEBENTURE CORPORATE BOND

144 Mudaraba Perpetual Bond 3,010 1,000.00 992.46 2,987,290.00 959.50 2,888,095.00

145 Bd. Welding Electrodes (Deb 52 2,500.00 600.00 31,200.00 600.00 31,200.00 B. DEBENTURE 146 Navana CNG (Deb) 1 2,500,000 500,000.00 500,000.00 500,000.00 500,000.00

GRAND TOTAL 74,958,890.83

267,496,963.00

79



Annex-3.4

Sl.No. Name of the Company

No. of

Shares

Sold

Cost Price Per

Share (Taka)

Selling Price Per

Share (Taka)



Capital Gain (Taka)

1 Bangladesh Fin. & Inv. Co.Ltd 1600 109.69 1,143.73 175,504.00 1,829,968.00 1,654,464.00 2 Bangladesh Inds. Finance Co. 500 199.41 917.40 99,705.00 458,700.00 358,995.00 3 Bay Leasing & Investment Ltd 200 258.33 1,943.75 51,666.00 388,750.00 337,084.00 4 Delta Brac Housing Finance Cor 100 140.37 2,865.00 14,037.00 286,500.00 272,463.00 5 FAS Finance and Investment Ltd 200 159.19 638.00 31,838.00 127,600.00 95,762.00 6 First Lease International Ltd 400 258.67 1,042.81 103,468.00 417,124.00 313,656.00 7 IPDC 750 136.24 544.80 102,180.00 408,600.00 306,420.00 8 Intl. Leasing & Fin. Services 100 99.56 1,864.00 9,956.00 186,400.00 176,444.00 9 National Housing Fin. & Inv. Ltd 200 100.00 1,133.06 20,000.00 226,612.00 206,612.00

10 PeoplesLeasing & Fin.Service 550 131.49 1,019.18 72,319.50 560,549.00 488,229.50 11 Phonix Finance & Inv. Ltd 700 96.81 1,529.86 67,767.00 1,070,902.00 1,003,135.00 12 Premier Leasing International Ltd 300 197.38 882.00 59,214.00 264,600.00 205,386.00 13 United Leasing Co. Ltd 940 106.29 1,823.19 99,912.60 1,713,798.60 1,613,886.00 14 Al Arafah Islami Bank Ltd 22500 25.68 97.66 577,800.00 2,197,350.00 1,619,550.00 15 Arab Bangladesh Bank Ltd 200 33.85 1,450.00 6,770.00 290,000.00 283,230.00 16 Brac Bank Ltd 400 101.34 795.19 40,536.00 318,076.00 277,540.00 17 Exim Bank of Bangladesh Ltd 23000 18.24 64.55 419,520.00 1,484,650.00 1,065,130.00 18 First Security Bank Ltd 10500 13.81 45.25 145,005.00 475,125.00 330,120.00 19 Mercantile Bank Ltd 200 70.59 376.56 14,118.00 75,312.00 61,194.00 20 Mutual Trust Bank Ltd 500 221.61 677.00 110,805.00 338,500.00 227,695.00 21 National Bank Ltd 5500 33.23 179.04 182,765.00 984,720.00 801,955.00 22 One Bank Ltd 500 30.82 943.80 15,410.00 471,900.00 456,490.00 23 Premier BankLtd 33000 5.16 57.47 170,280.00 1,896,510.00 1,726,230.00 24 Shahjalal Islami Bank Ltd 5300 8.62 92.47 45,686.00 490,091.00 444,405.00 25 Social Islami Bank Ltd 4000 17.83 35.58 71,320.00 142,320.00 71,000.00 26 Southest Bank Ltd 1100 137.52 413.16 151,272.00 454,476.00 303,204.00 27 Trust Bank Ltd 700 114.34 582.34 80,038.00 407,638.00 327,600.00 28 DBH First Mutual Fund 3000 10.00 16.67 30,000.00 50,010.00 20,010.00 29 EBL First Mutual Fund 14500 10.00 17.03 145,000.00 246,935.00 101,935.00 30 ICB AMCL Third NRB M F 11000 10.00 14.55 110,000.00 160,050.00 50,050.00 31 IFIC Bank 1st MF 7000 10.00 15.66 70,000.00 109,620.00 39,620.00 32 Phoenix Finance 1st MF 1500 10.00 15.00 15,000.00 22,500.00 7,500.00 33 Prime Bank 1st ICB AMCL M F 4000 10.00 14.78 40,000.00 59,120.00 19,120.00 34 Trust Bank 1st Mutual Fund 5000 10.00 16.24 50,000.00 81,200.00 31,200.00 35 Golden Son Ltd 4500 17.78 86.77 80,010.00 390,465.00 310,455.00 36 BATBC 250 107.14 633.56 26,785.00 158,390.00 131,605.00 37 Jamuna Oil Co. Ltd 2000 145.14 333.50 290,280.00 667,000.00 376,720.00 38 Meghna Petroleum Ltd 4800 118.27 220.58 567,696.00 1,058,784.00 491,088.00 39 Titas Gas Transmission & D.C.L. 100 416.07 840.00 41,607.00 84,000.00 42,393.00 40 Anlima Yarn Dyeing Ltd 1750 99.93 426.01 174,877.50 745,521.00 570,643.50 41 H.R.Textile Mills Ltd 500 100.00 633.50 50,000.00 316,750.00 266,750.00

80

Sl.No. Name of the Company

No. of

Shares

Sold

Cost Price Per

Share (Taka)

Selling Price Per

Share (Taka)



Capital Gain (Taka)

42 Maksons Spinning Mills Ltd 41500 13.39 72.85 555,685.00 3,023,275.00 2,467,590.00 43 Malek Spinning Mills Ltd 5000 25.00 86.64 125,000.00 433,200.00 308,200.00 44 Monno Fabrics Ltd 1500 89.40 108.45 134,100.00 162,675.00 28,575.00 45 Prime Textile Spin. Mills Ltd 2000 82.74 715.07 165,480.00 1,430,140.00 1,264,660.00 46 R. N. Spinning Mills Ltd 5250 29.07 229.66 152,617.50 1,205,715.00 1,053,097.50 47 Square Textiles Ltd 650 84.06 172.00 54,639.00 111,800.00 57,161.00 48 Tallu Spinning Mills Ltd 50 100.00 790.00 5,000.00 39,500.00 34,500.00 49 The Dacca Dyeing & Man. Co.Ltd 12000 10.00 57.50 120,000.00 690,000.00 570,000.00 50 Active Fine Chemicals Ltd 1500 10.00 80.47 15,000.00 120,705.00 105,705.00 51 Beacon Pharmaceuticals Ltd 2500 10.00 87.46 25,000.00 218,650.00 193,650.00 52 Deshbandhu Polymer Ltd 500 10.00 71.00 5,000.00 35,500.00 30,500.00 53 Marico Bangladesh Ltd 1000 90.00 564.81 90,000.00 564,810.00 474,810.00 54 Eastern Housing Ltd (Share) 2440 106.49 1,146.43 259,835.60 2,797,289.20 2,537,453.60 55 Summit Allinace Port Ltd 1400 18.16 250.61 25,424.00 350,854.00 325,430.00 56 United Airways (BD) Ltd 2950 100.00 305.22 295,000.00 900,399.00 605,399.00 57 Aramit Cement Ltd (Share) 100 163.78 1,940.00 16,378.00 194,000.00 177,622.00 58 Lafarge Surma Cement Ltd 1400 520.59 653.30 728,826.00 914,620.00 185,794.00 59 M.I. Cement Factory Ltd 3800 111.60 141.78 424,080.00 538,764.00 114,684.00 60 Monno Ceramic Industries Ltd 600 66.67 1,035.18 40,002.00 621,108.00 581,106.00 61 RAK Ceramics (Bangladesh) Ltd 3200 48.00 207.95 153,600.00 665,440.00 511,840.00 62 Agrani Insurance Co. Ltd 250 249.14 832.00 62,285.00 208,000.00 145,715.00 63 City General Insurance Co. Ltd 50 56.34 769.75 2,817.00 38,487.50 35,670.50 64 Continnental Insurance Ltd 1000 95.57 650.30 95,570.00 650,300.00 554,730.00 65 Islami Insurance BD Ltd 200 100.00 504.00 20,000.00 100,800.00 80,800.00 66 Mercantile Insurance Co.Ltd 200 182.14 560.25 36,428.00 112,050.00 75,622.00 67 Paramount Insurance Co. Ltd 100 90.91 884.00 9,091.00 88,400.00 79,309.00 68 Grameenphone Ltd 1200 70.00 273.13 84,000.00 327,756.00 243,756.00 69 Miracle Industries Ltd 500 8.56 51.80 4,280.00 25,900.00 21,620.00

Grand Total 8,335,311.47 38,687,052.50 30,351,741.03

81

PZy_© AvBwmwe wgDPyq¨vj dvÛ Fourth ICB Mutual Fund

jf¨vsk I my` Avq

2010-11 A_©eQ‡i G dv†Û †gvU 64wU wmwKDwiwUR n‡Z 50.20 j¶ UvKv jf¨vsk I my` eve` Avq K‡i‡Q hvi g‡a¨ 39.03 j¶ UvKv (77.74 kZvsk) 30 Ryb 2011 Zvwi‡Li g‡a¨ bM‡` cvIqv hvq| †Kv¤úvwb wfwËK jf¨vsk I my` Avq Ges cÖvc¨ jf¨vsk I my‡ì we —vwiZ weeiY h_vµ‡g cwiwkó-4.1 Ges cwiwkó-4.2 G †`Lv‡bv n‡q‡Q|

Dividend and Interest Income

The Fund has earned an amount of Tk. 50.20 Lac as dividend and interest from 64 securities during 2009-10 of which, Tk.39.03 lac (77.74 per cent) was received in cash within 30 June 2011. Details of dividend & interest income and receivables are shown in Annex-4.1 and Annex-4.2 respectively.


2010-11 A_©eQ‡i G dvÛ 76wU ‡Kv¤úvwbi wmwKDwiwUR weµq K‡i 373.32 j¶ UvKv g~jabx gybvdv AR©b K‡i‡Q| g~jabx gybvdv AR©‡bi we —vwiZ weeiY cwiwkó- 4.4 G †`Lv‡bv n‡q‡Q :


During 2010-11, the Fund has earned Tk.373.32 lac as capital gains by selling securities of 76 companies. Details of the capital gains are shown in Annex-4.4 :


wmwKDwiwU†R wewb‡qvM n‡Z jf¨vsk I my` eve` Avq 50.20 j¶ UvKv, e¨vsK Avgvb‡Zi Dci my` 16.09 j¶ UvKv Ges g~jabx gybvdv 373.32 j¶ UvKvmn Av‡jvP¨ A_©eQ‡i G dv‡Ûi †gvU Av‡qi cwigvY `vuovq 443.90 j¶ UvKv| ÷vd LiP, eë ’vcbv wd, gy ªY I †ókbvix, WvK I Zvi, AvBwmweÕi mv‡_ cwiPvwjZ PjwZ wnmv‡ei Dci my`, e¨vsK PvR©, wewb‡qvM mwÂwZ Ges Ab¨vb¨ LiP eve` †gvU 209.87 j¶ UvKv ev` †`qvi ci dv‡Ûi bxU Avq uvovq 234.02 j¶ UvKv| c~e©eZx©© eQ‡ii Aew›UZ g~bvdv

243.20 j¶ UvKv †hvM Kivi ci 30 Ryb 2011 Zvwi‡L dv‡Ûi bxU e›Ub‡hvM¨ Av‡qi cwigvY `vuovq 477.22 j¶ UvKv| d‡j mvwU©wd‡KU cÖwZ e›Ub†hvM¨ g~bvdvi cwigvY ùvovq 477.22 UvKv |


During the year under review, the Fund has earned a gross income of Tk.443.90 lac by way of dividend and interest income from investment in securities of Tk.50.20 lac interest income of Tk.16.09 lac on bank deposits and capital gains of Tk.373.32 lac. After deducting the total expenses of Tk.209.87 lac incurred as staff expenses, management fee, printing and stationery, postage and telegram, interest on current account with ICB, bank charges, provision against investments and others, the net income of the Fund stood at Tk.234.02 lac. Taking into account the previous year’s undistributed income of Tk.243.20 lac, the Fund had a net distributable income of Tk 477.22 lac as on 30 June 2010 resulting in distributable income per certificate of Tk. 477.22.

jf¨vsk

Av‡jvP¨ dvÛ 2010-11 A_©eQ‡i cÖwZwU 100.00 UvKv g~j¨gv‡bi mvwU©wd‡K‡Ui Rb¨ 165.00 UvKv nv‡i jf¨vsk †NvlYv K‡i‡Q hv c~e©eZx© eQ‡i wQj 125.00 UvKv| jf¨vsk cÖ`v‡bi Rb¨ †gvU 165.00 j¶ UvKvi ms¯’vb ivLvi ci dv‡Û 312.22 j¶ UvKv Aew›UZ gybvdv wQj| mviYx- 4.1 G dv‡Ûi eQiIqvix jf¨vs‡ki nvi cÖ`wk©Z nj :

Dividend

The Fund has declared dividend at the rate of Tk. 165.00 per certificate of Tk.100.00 each for the year 2010-11 which was Tk. 125.00 per certificate in the previous year. After making provision of Tk. 165.00 lac for payment of dividend the Fund has an undistributed income of Tk.312.22 lac. The year-wise dividend performance of the Fund is shown in the Table-4.1 :

82

Table – 4.1 : Year-wise dividend performance



1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98

11.00 10.50 23.00 23.50 23.00 17.00 18.00 17.00 40.00 41.00 41.00 45.00 32.00

21.50 23.00 23.50 23.00 17.00 18.00 17.00 40.00 41.00 41.00 45.00 32.00

1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

35.00 36.00 38.00 40.00 40.00 45.00 48.00 48.00 52.00 60.00 80.00

125.00 165.00

35.00 36.00 38.00 40.00 40.00 45.00 48.00 48.00 52.00 60.00 80.00

125.00 165.00

cÎ‡Kvl 2010-11 A_©eQ‡i G dvÛ KZ©„K 19wU †Kv¤úvwbi wmwKDwiwU‡R 93.16 j¶ UvKv wewb‡qvM Kiv n‡q‡Q| 30 Ryb, 2011 Zvwi‡L G dv‡Ûi cÎ‡Kv‡l 835.44 j¶ UvKv µqg~‡j¨ 145wU wmwKDwiwUR wQj hvi evRvig~j¨ wQj 2808.21 j¶ UvKv| 30 Ryb 2011 Zvwi‡L dv‡Ûi cÎ‡Kv‡li we¯—vwiZ weeiY cwiwkó-4.3 G cÖ`wk©Z n‡q‡Q| 30 Ryb 2011 Zvwi‡L cÖwZwU 100.00 UvKv g~j¨gv‡bi PZy_© AvBwmwe wgDPyq¨vj dvÛ mvwU©wd‡K‡Ui jf¨vsk cieZx© bxU m¤c`g~j¨ `uvovq 2219.72 j¶ UvKv| 2010-11 A_©eQ‡i 100.00 UvKv g~j¨gv‡bi PZy_© AvBwmwe wgDPyq¨vj dv†Ûi mvwU©wd‡KU cÖwZ cÖviw¤¢K I mgvcYx evRvi g~j¨ wQj h_vµ‡g 2090.00 UvKv I 2261.00 UvKv| 30 Ryb 2011 Zvwi‡L dv‡Ûi mvwU©wd‡KU‡nvìvi‡`i msL¨v wQj 1140 Rb|

Portfolio During 2010-11 the Fund has made an investment of Tk.93.16 lac in securities of 19 companies. As on 30 June 2011 the Fund had 145 securities in its portfolio with a total cost of Tk.835.44 lac, the market value of which was Tk.2808.21 lac. Details of the portfolio of the Fund as on 30 June 2011 are given in Annex-4.3. The ex-dividend net asset value per certificate of Tk.100.00 each of Fourth ICB Mutual Fund stood at Tk. 2219.72 as on 30 June 2011. During 2010-11 the opening and closing market price per certificate of the Fourth ICB Mutual Fund of Tk. 100.00 each was Tk. 2090.00 and Tk. 2261.00 respectively. The number of Certificate holders of the Fund was 1140 as on 30 June 2011.

83

AUDITORS’ REPORT

To the Certificate Holders of Fourth ICB Mutual Fund We have audited the accompanying Financial Statements of Fourth ICB Mutual Fund (the “Fund”) which comprise the Statement of Financial Position as at 30 June 2011, Statement of Comprehensive Income, Statement of changes in equity, statement of cash flows for the year ended, and a summary of significant accounting policies and other explanatory information. The financial statements of the Fund for the year ended 30 June 2010 were jointly audited by Rahman Mostafa Alam & Co., Chartered Accountants and A. Matin & Co., Chartered Accountants who issued unqualified opinion on 25 July 2010. Management’s Responsibility for the Financial Statements: Management is responsible for the preparation and fair presentation of these financial statements of the Fund in accordance with Bangladesh Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of these financial statements of the Fund that are free from material misstatement, whether due to fraud or error. Auditors Responsibility Our responsibility is to express an opinion on these financial statements of the Fund based on our audit. We conducted our audit in accordance with Bangladesh Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements of the Fund are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on our judgement, including the assessment of the risks of material misstatement of the financial statements of the Fund, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the entity’s preparation and fair presentation of the financial statements of the Fund in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements of the Fund. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion: In our opinion, except for the effects on the financial statements of the matter discussed in the emphasis of matter paragraph, the financial statements of the Fund prepared in accordance with the Bangladesh Financial Reporting Standards (BFRS), give a true and fair view of the financial position of the Fund as at 30 June 2011 and the results of its financial performance and its cash flows for the year ended 30 June 2011 and comply with the ICB Ordinance 1976, the Mutual Fund Regulations 1993, the Securities and Exchange Rules 1987 and other applicable laws and regulations. Emphasis of matter: We draw attention to note 26 of the financial statements which describes the deviation of few requirements

84

of BAS/BFRS due to considering volatile stock market scenario and conservative policy of fund management. Our opinion is not qualified in this matter.

We also report that:



iii. the statement of financial position and statement of comprehensive income of the Fund dealt with by the report are in agreement with the books of account;

iv. the expenditure incurred was for the purposes of the Fund's business;

Sd/- A Matin & Co. Sd/-

Syful Shamsul Alam & Co. Chartered Accountants Chartered Accountants Dhaka, 30 July 2011

85

Investment Corporation of Bangladesh Fourth ICB Mutual Fund


Note 30.06.2011

Taka 30.06.2010

Taka Assets Investments at cost 4 83,543,520 74,851,794 Cash at Bank 5 52,880,911 28,269,825 Dividend and Interest Receivable 6 1,332,968 967,276 Receivable Installments of Investments 7 367,277 367,277 Share Application Money 8 - 2,500,000 Other Receivables - 631,454 Total Assets 138,124,676 107,587,626

Liabilities Current Account with ICB 9 - - Accrued Expenses 10 14,537 64,537 Unclaimed Dividend 11 5,775,562 6,336,332 Provision for dividend & Interest receivable 12 183,017 183,017 Provision for loss on value of investments 13 11,324,230 9,913,230 Provision for possible fluctuation of Investments 14 61,920,000 43,331,000 Other Liabilities 15 273,438 28,100 79,490,784 59,856,216 Net Assets 58,633,892 47,731,410

Net Assets consists of: Capital Fund 16 10,000,000 10,000,000 General Reserve 17 911,085 911,085 Distributable Income 18 47,722,807 36,820,325

58,633892 47,731,410

Net Asset Value (NAV) per share: Net assets-at cost 58,633,892 47,731,410 Net assets-at market value 238,471,656 251,284,000 Share of capital stock outstanding 100,000 100,000 Net assets value-at cost 586.34 477.31 Net assets value-at market value 2,384.72 2,512.84


Sd/- Sd/- Sd/- Sd/-





86



Amount in Taka Notes

30-Jun-11 30-Jun-10 Income Dividend and Interest 19 5,020,420 4,589,410 Interest on Bank Deposits 20 1,608,918 630,019 Interest on Current Account with ICB 428,649 - Net realized gain on Investment 37,331,690 33,980,325 Others 21 66 - 44,389,744 39,199,754 Expenses Staff Expenses 22 461,990 372,436 Management Fee 23 100,000 100,000 Listing Fee 24 20,000 20,000 Audit Fee 12,000 12,000 Postage & Stamps 6,330 175 Printing & Stationery 7,079 10,769 Interest on Current Account with ICB - 2,077,772 Bank Charges 25,410 65,450 Others 25 354,453 268,884 987,262 2,927,486 Net Income before Provision 43,402,482 36,272,268 Provision: Provision for Loss on value of investments 1,411,000 1,166,000 Provision for possible fluctuation of investment 18,589,000 17,334,000 20,000,000 18,500,000 Net income for the year 23,402,482 17,772,268 Undistributed Income from previous year 24,320,325 19,048,057 Distributable income carried to balance sheet 47,722,807 36,820,325 Earning per certificate during the year 234.02 177.72


Sd/- Sd/- Sd/- Sd/-





87


Fourth ICB Mutual Fund Statement of Changes in Equity for the year ended June 30, 2011

Particulars Capital



Total



Dividends

10,000,000

-

-

911,085

-

-

27,048,057

17,772,268

(8,000,000)

27,048,057

17,772,268

(8,000,000)



Dividends

10,000,000

-

-

911,085

-

-

36,820,325

23,402,482

(12,500,000)

36,820,325

23,402,482

(12,500,000)





Dhaka, 30 July 2011

88


Statement of cash flow for the year ended June 30, 2011


Cash Flows from Operating Activities:

Net Income before provision 43,402,482 36,272,268

Adjustment for:

Share Application Money 2,500,000 (2,500,000)

Dividend and Interest Receivable (365,692) 109,582

Other Liabilities 245,338 (156,405)

Accrued Expenses (50,000) 50,000

Sale/(Purchase) of Marketable Investments (net) (8,691,726) 4,401,072

Others assets 631,454 (631,454)

Current Account with ICB - (13,988,974)

Net Cash inflows from operating activities 37,671,856 23,556,089

Cash Flows from financing Activities:

Dividend Paid (12,010,400) (9,894,516)

Tax paid (1,050,370) -

Net Cash Outflows from financing Activities (13,060,770) (9,894,516) Net Increase/(Decrease) in Cash 24,611,086 13,661,573

Cash and cash equivalents at beginning of the year 28,269,825 14,608,252



Sd/- Sd/- Sd/- Sd/-





89

Fourth ICB Mutual Fund NOTES TO THE FINANCIAL STATEMENT

as at and for the year ended 30 June 2011

1. The Fund and its activities: 1.1 Status of the fund

Investment Corporation of Bangladesh (ICB) was established in 1976 with the objectives of accelerating industrialization and economic development of the country through development of capital market by mobilizing savings and encouraging and improving the investment climate in the country with particular emphasis placed on broadening the base and scope of investments as well as tapping marginal investors. Keeping in line with these objectives, the Fourth ICB Mutual Fund (the Fund) was established in June 1987, under Regulation 29A of ICB (General) Regulations with a total capital of Tk. 1,00,00,000.00 divided into 1,00,000 Certificates of Tk. 100 each. The management of the Fund is vested with ICB.










90

2.5 Reported period

These financial statements covers one year from 1st July to 30th June and followed consistently



secondary markets.



(iv) Bonus shares i.e. stock dividend received or receivable from various companies is not accounted for as

income rather included in the portfolio to reduce the average cost.

3.2 Taxation


3.3 Cash and Bank


3.4 General:





91

Amount in Taka 30-Jun-11 30-Jun-10 4 Investments at Cost

83,543,520

74,851,794

The market value of investments was Tk 280,821,430 at the close of business on June 30, 2011 which indicates a surplus of Tk. 197,277,910 between market price and cost.

(See Annexure-A for details)

5 Cash at Bank Agrani Bank (Amin Court Branch), STD A/c-0002170 69,563 67,360 Agrani Bank (Amin Court Branch), STD A/c-0002329 19,603 19,704 IFIC Bank (Federation Branch), STD A/c-863001146 13,651 14,392 IFIC Bank (Federation Branch), STD A/c-863001294 50,369 50,568 IFIC Bank (Federation Branch), STD A/c-863001419 25,397 26,275 IFIC Bank (Federation Branch), STD A/c-863001542 1,953 141,996 IFIC Bank (Federation Branch), STD A/c-863001708 17,589 514,208 IFIC Bank (Federation Branch), STD A/c-863001872 1,045,983 1,029,129 IFIC Bank (Federation Branch), STD A/c-863002061 473,950 466,751 IFIC Bank (Federation Branch), STD A/c-1008-121-041 19,361 20,118 IFIC Bank (Federation Branch), STD A/c-1008-225-041 762,902 1,147,684 IFIC Bank (Federation Branch), STD A/c-1008-257-041 623,635 - IFIC Bank (Motijheel Branch), STD A/c-2761 34,688,368 9,672,894 IFIC Bank (Motijheel Branch), C/A A/c-88894 68,587 98,746 UCBL (Principal Br) Fixed Deposit A/C 15,000,000 15,000,000 52,880,911 28,269,825 6 . Dividend and Interest Receivable Dividend receivable for more than one year 66,118 66,118

Interest receivable for more than one year 149,605 155,507

Dividend receivable for less than one year 1,117,245 745,651 1,332,968 967,276 6.1 . Movement of Dividend and Interest on Securities Receivable Opening Balance 967,276 1,076,858 Add: Receivable during the year 1,117,245 745,651 Less: Received during the year (751,553) (855,233) Closing Balance 1,332,968 967,276 (See Annexure-C for details)

7 Receivable Installments of Investments Opening Balance 367,277 367,277 Less: Adjustment during the year - - Closing Balance 367,277 367,277 Outstanding for more than one year

92

Amount in Taka 30-Jun-11 30-Jun-10 8 . Share Application Money Opening balance 2,500,000 - Add : Priod during the year 2,500,000 Less: Adjustment during the year (2,500,000) - Closing Balance - 2,500,0009 . Current Account with ICB

-

-

The above amount represents balance of current account with ICB, which bears interest @ 12.00% per annum.

10. Accrued Expenses Audit Fee 12,000 12,000 SEC yearly fees - 50,000 Others 2,537 2,537 Total: 14,537 64,537 11 . Unclaimed Dividend Opening Balance 6,336,332 8,230,848 Add: Dividend Declared during the year 12,500,000 8,000,000 Less: Dividend paid for previous year (1,595,800) (21,730) Less: Dividend paid for current year (10,414,600) (9,872,786) Less: Tax deducted at source (2007-08) (223,336) - Less: Tax deducted at source (2008-09) (310,384) - Less: Tax deducted at source (2009-10) (516,650) -

Total: 5,775,562 6,336,332

12 . Provision for dividend on securities receivable 183,017 183,017

13 Provision for Loss on value of investments Opening balance 9,913,230 8,747,230 Add: Provision during the year 1,411,000 1,166,000 Closing Balance 11,324,230 9,913,230

14 Provision for possible fluctuation of investment Opening balance 43,331,000 25,997,000 Add: Provision made during the year 18,589,000 17,334,000 Closing Balance 61,920,000 43,331,000

15 . Other Liabilities Opening balance 28,100 - Add: Suspense during the year 245,338 28,100 Closing Balance 273,438 28,100

93

Amount in Taka 30-Jun-11 30-Jun-10 16 . Capital Fund 10,000,000 10,000,000

The Capital Fund is divided into 1,00,000 certificates of Tk.100 each fully paid up in cash. 17 . General Reserve 911,085 911,085 The balance represents forfeited unclaimed dividend up to 2004 over 6 years 18 . Distributable Income

Opening Balance 36,820,325 27,048,057 Less: Dividend Declared (12,500,000) (8,000,000) 24,320,325 19,048,057 Add: Net Income during the year 23,402,482 17,772,268 Closing Balance 47,722,807 36,820,325 19 . Dividend & Interest Earned Dividend 4,849,832 4,234,535 Interest 170,588 354,875 Total: 5,020,420 4,589,410 (See Annexure-B for details) 20 . Interest on Bank Deposits Agrani Bank 3,252 2,992 IFIC Bank Ltd. 406,166 390,811 Standard Bank 337,500 236,216 UCBL 862,000 - Total: 1,608,918 630,019 21 . Other Income 66 - (Share reissue charge) 22 . Staff Expenses Basic Salary 190,469 170,216 Allowance 170,381 136,956 Festival Bonus 33,430 24,471 Incentive Bonus 67,710 40,793 Total: 461,990 372,436 23 . Management Fee 100,000 100,000


94

24 . Listing Fee Amount in Taka 30-Jun-11 30-Jun-10

Dhaka Stock Exchange 10,000 10,000 Chittagong Stock Exchange 10,000 10,000 Total: 20,000 20,000 25 . Others Expenses Entertainment 3,000 3,000 Stock Exchange Charge 226,440 141,858 Miscellaneous 4,125 4,500 CDBL Charge 16,361 31,471 Advertisement 54,528 38,055 SEC Yearly Fees 50,000 50,000 Total: 354,453 268,884


There have been few deviations from the requirements of BAS/BFRS which are shown below along with financial impact where applicable: (a) Investments in quoted and unquoted shares are revalued at year-end at cost price. However, adequate provision are kept when market value is lower than cost price. Investments have not been accounted in market value (MV) which is a very newly adopted accounting standard in Bangladesh. In the Financial Statement this standard has not been considered due to volatile stock market scenario, conservative policy of fund management and prevailing dividend policy of mutual fund. At the year-end market value (for quoted shares) and book value (for unquoted shares) are higher than cost price by Tk.197,277,909. (b) Investments have been valued on aggregate portfolio basis and provision is required to be made considering overall decrease in the value of investment. The fund maintains both provision for loss on value of investment and provision for possible price fluctuation which is shown in Balance sheet under liabilities amounting to Tk.73,244.230. (c) Some disclosure and presentation requirements as per BFRS 7 and BAS 32 regarding risk management have not been made in the financial statements. However, management of the fund is prudent in risk management which is evident from steady growth of the fund. The fund is not exposed to any foreign currency and interest rate risk.

27. Event after the reporting date:


Sd/- Sd/- Sd/- Sd/-



95

Fourth ICB Mutual Fund

cwiwkó-4.1 Statement of Dividend & Interest Income

Annex-4.1

SL. No. Name of the Company No.of Shares

Held Par Value

(TK.)


(%)

Amount of Dividend

Received (TK.)

A. Divdend 1 AB Bank Ltd. 3,007.00 100.00 20.0% 60,140.00 2 ACI Formalition Ltd. 5,000.00 10.00 30.0% 15,000.00 3 Agni Systems Ltd. 703.00 10.00 12.5% 878.75

4 Anlima Yarn Dyeing Ltd. 5,300.00 100.00 10.0% 53,000.00

5 Apex Spinning & Knitting Mills 2,380.00 100.00 15.0% 35,700.00

6 Apex Tannery Ltd. 1,920.00 100.00 25.0% 48,000.00 7 Aramit Ltd. 6,975.00 10.00 40.0% 27,900.00 8 Asia Insurance Ltd. 5,500.00 10.00 25.0% 13,750.00

9 Bangladesh Lamps Ltd. 55.00 100.00 35.0% 1,925.00 10 Bata Sheo (BD) Ltd. (Interim) 864.00 10.00 145.0% 12,528.00 11 Bata Shoes Co. Bd 864.00 10.00 105.0% 9,072.00

12 BATBC 24,000.00 10.00 430.0% 1,032,000.00

13 Bay Leasing & Investment 300.00 100.00 10.0% 3,000.00

14 Bay Leasing & Investment 300.00 100.00 10.0% 3,000.00

15 BD Welding 460.00 10.00 5.0% 230.00

16 BOC Bangladesh (Interm) 300.00 10.00 250.0% 7,500.00

17 BOC Bangladesh Ltd. 300.00 10.00 100.0% 3,000.00

18 BRAC Bank Ltd. 3,100.00 100.00 10.0% 31,000.00 19 Confidence Cement Co. Ltd. 135,020.00 10.00 25.0% 337,550.00 20 Continental Insurance Ltd. 3,916.00 100.00 5.0% 19,580.00 21 DBH 1st M/F 14,500.00 10.00 7.0% 10,150.00 22 Delta Brac Housing Ltd. 475.00 100.00 10.0% 4,750.00 23 Dhaka Electric Supply Co. Ltd. 3,060.00 100.00 15.0% 45,900.00 24 Eastern Cables Ltd. 420.00 100.00 10.0% 4,200.00 25 Eastern Cables Ltd. 420.00 100.00 10.0% 4,200.00 26 EBL 1st M/F 73,500.00 10.00 20.0% 147,000.00 27 Glaxo smithkilne Bd. Ltd. 200.00 10.00 200.0% 4,000.00

28 Golden Son Lttd 250.00 10.00 5.0% 125.00

29 Grameen One: Sehceme 2 10,000.00 10.00 20.0% 20,000.00 30 Grameenphone Ltd. 43,800.00 10.00 85.0% 372,300.00 31 Grameenphone Ltd. (Interim) 44,000.00 10.00 35.0% 154,000.00 32 Heidlberg Cement Bd. Ltd. 11,903.00 100.00 43.0% 511,829.00

33 IBBL Mudaraba Perpetual Bond 5,430.00 1,000.00 12.4% 670,605.00

34 ICB AMCL 1ST M/F 2,650.00 100.00 50.0% 132,500.00

96

SL. No. Name of the Company No. of Shares

Held Par Value

(TK.)


(%)

Amount of Dividend

Received (TK.)

35 ICB AMCL 2ND M/F 8,300.00 100.00 14.0% 116,200.00 36 ICB AMCL Second NRB M/F 1,600.00 100.00 22.0% 35,200.00

37 ICB Employees Prov.M/F One 84,000.00 10.00 11.5% 96,600.00

38 Jamuna Oil Company Ltd. 6,400.00 10.00 30.0% 19,200.00 39 Jamuna Oil Company Ltd. 6,400.00 10.00 30.0% 19,200.00 40 Kaya Cosmetics Ltd. 200.00 10.00 15.0% 300.00 41 Malek Spinning Mills Ltd. 40,000.00 10.00 10.0% 40,000.00 42 Meghna Petrolium Ltd. 35,500.00 10.00 45.0% 159,750.00

43 Orion Infusion Ltd. 1,000.00 100.00 14.0% 14,000.00

44 Power Grid Co. of Bd. Ltd. 3,500.00 100.00 10.0% 35,000.00

45 Prime Bank 1st ICB AMCL M/F 33,000.00 10.00 10.0% 33,000.00

46 Prime Bank Ltd. 13,630.00 10.00 5.0% 6,815.00

47 Prime Finance 1st M/F 4,000.00 10.00 20.0% 8,000.00

48 Prime Islami Life Insurance 1,230.00 100.00 5.0% 6,150.00

49 Prime Textile Spinning Mills 3,650.00 100.00 11.0% 40,150.00

50 Progati Insurance Ltd. 323.00 100.00 15.0% 4,845.00

51 R.A.K Ceramics (BD) Ltd. 11,000.00 10.00 15.0% 16,500.00

52 Rahima Food Corporation 50.00 100.00 10.0% 500.00

53 Reckit Benckiser (Bd) Interm 450.00 10.00 150.0% 6,750.00

54 Reckitt Benckiser Ltd. 450.00 10.00 50.0% 2,250.00

55 Reckitt Benckiser Ltd. 450.00 10.00 50.0% 2,250.00

56 Sotheast Bank Ltd. 5,535.00 100.00 10.0% 55,350.00

57 Square Textile 40.00 10.00 16.0% 64.00 58 Squqre Pharmaceuticals Ltd. 3,731.00 100.00 35.0% 130,585.00 59 Summit Alliance Port 3,080.00 10.00 20.0% 6,160.00

60 Summit Alliance Port (Interim) 3,080.00 10.00 30.0% 9,240.00

61 Titas Gas Co. Ltd. 5,800.00 100.00 25.0% 145,000.00

62 United Leasing Ltd. 2,964.00 100.00 7.5% 22,230.00

63 United Leasing Ltd. 2,964.00 100.00 7.5% 22,230.00 Total A = 4,849,831.75

B. Interest 64 Navana CNG Ltd. 170,588.00

Total B = 170,588.00 Grand Total (A+B) = 5,020,419.75

97


Statement of Dividend receivable cwiwkó-4.2

Annex-4.2


No. of Shares Held

Par Value (TK.)


(percentage)

Amount Receivable

(TK.)

A. Dividend Receivable for more than one year 1 Aramit Cement Ltd. 2,400 100 7.50 18,000.002 BD Dyeing & Finishing Ind. Ltd. 1,920 100 10.00 16,320.003 BD Dyeing & Finishing Ind. Ltd. 1,920 100 10.00 16,320.004 BD Online Ltd. 625 10 10.00 625.005 Fine Foods Ltd. 28,000 10 5.00 14,000.006 First Lease Intt. Ltd. 353 100 10.00 353.007 Republic Insurance Ltd. 500 100 5.00 500.00 Total: (A) 66,118.00

B. Interest Receivable for more than one year 8 Beximco Fisheries Ltd. (Deb) 100 2,142.84 14.00 15,000.009 Beximco Fisheries Ltd. (Deb) 100 1,928.55 14.00 13,500.00

10 Beximco Knitting Ltd. (Deb) 26 1,712.00 14.00 3,115.8411 Beximco Knitting Ltd. (Deb) 26 1,540.00 14.00 2,802.8012 BD. Welding Electrodes Ltd. (Deb) 38 2,500.00 15.00 7,125.0013 Beximco Fisheries Ltd. (Deb) 100 1,714.26 14.00 12,000.0014 Beximco Fisheries Ltd. (Deb) 100 1,499.94 14.00 10,500.0015 Beximco Knitting Ltd. (Deb) 26 1,368.00 14.00 2,489.7616 Beximco Knitting Ltd. (Deb) 26 1,196.00 14.00 2,176.7217 BD. Welding Electrodes Ltd. (Deb) 38 2,500.00 15.00 7,125.0018 BD. Welding Electrodes Ltd. (Deb) 38 2,500.00 15.00 7,125.0019 Bd. Welding 38 2500 15.00 7,125.0020 Bd. Welding 38 2000 15.00 5,700.0021 Beximco Fisheries 100 1285.68 14.00 9,000.0022 Beximco Fisheries 100 1071.39 14.00 7,500.0023 Beximco Kntting 26 1024 14.00 1,863.6824 Beximco Kntting 26 852 14.00 1,550.6425 Bangladesh Welding Electrodes 38 1,800.00 15.00 5,130.0026 Bangladesh Welding Electrodes 38 1,600.00 15.00 4,560.0027 Beximco Fisheries 100 857.10 14.00 6,000.0028 Beximco Fisheries 100 642.81 14.00 4,500.0029 Beximco Knitting 26 680.00 14.00 1,237.6030 Beximco Knitting 26 508.00 14.00 924.5631 Bangladesh Welding Electrodes 38 1,400.00 15.00 3,990.0032 Bangladesh Welding Electrodes 38 1,200.00 15.00 3,420.0033 Beximco Fisheries 100 428.52 14.00 3,000.0034 Beximco Fisheries 100 214.23 14.00 1,000.0035 Beximco Knitting 26 336.00 14.00 611.5236 Beximco Knitting 26 164.00 14.00 303.6837 (adjustment Beximco Knitt) (5,902.00)38 BD Welding 38 1,000.00 15.00 2,850.0039 BD Welding 38 800.00 15.00 2,280.00

Total (B) : 149,604.80

98


No.of Shares Held

Par Value (TK.)


(percentage)

Amount Receivable

(TK.)

C. Dividend Receivable for less than one year. 40 ACI Formulation Ltd. 5,000 10 30.00 15,000.00

41 Aramit Ltd. 6,975 10 40.00 27,900.00

42 Bata Shoes Co. 864 10 105.00 9,072.00

43 Bay Leasing & Investment 300 100 10.00 3,000.00

44 BD Welding 460 10 5.00 230.00

45 Confidence Cement Co. Ltd. 135,020 10 25.00 337,550.00

46 Eastern Cables Ltd. 420 100 10.00 4,200.00

47 Golden Son Ltd. 250 10 5.00 125.00

48 Heidelberg Cement Bd. Ltd. 11,903 100 43.00 511,829.00

49 Jamuna Oil Company Ltd. 6,400 10 30.00 19,200.00

50 Meghna Petrolium Ltd. 35,500 10 45.00 159,750.00

51 Progati Insurance Ltd. 323 100 15.00 4,845.00

52 Reckitt Benckiser Ltd. 450 10 50.00 2,250.00

53 Square Textile 40 10 16.00 64.00

54 United Leasing Ltd. 2,964 100 7.50 22,230.00 Total (C) : 1,117,245.00

Grand Total: (A+B+C) : 1,332,967.80

99

Fourth ICB Mutual Fund Individual Portfolio Report

cwiwkó-4.3 Annex-4.3

Sl. No. Company

No. of Shares

30.06.11

Per Value

Average Cost

Price Per Share on 30.06.11

Total cost price (Taka)

30.06.11



30.06.11

1 Al Arafa Islami Bank Ltd. 17,273 10 13.36 230,809.54 34.20 590,736.60 2 Arab Bangladesh Bank Ltd. 512 100 15.49 7,931.92 851.00 435,712.00 3 Bank Asia Limited 2,154 100 96.04 206,862.00 478.25 1,030,150.50 4 Brac Bank Ltd. 3,620 100 83.34 301,701.49 480.50 1,739,410.00 5 Dhaka Bank Ltd. 45 10 90.90 4,090.50 44.70 2,011.50 6 Eastern Bank Ltd. 1,550 10 44.84 69,500.00 67.90 105,245.00 7 Exim Bank Of Bangladesh Ltd. 17,116 10 9.33 159,682.31 32.90 563,116.40 8 First Security Bank Ltd. 42,020 10 10.78 453,110.77 24.90 1,046,298.00 9 I.F.I.C Bank Ltd. 8,231 100 314.11 2,585,448.46 799.50 6,580,684.50 10 Islami Bank Ltd. 8,444 100 200.24 1,690,823.78 512.50 4,327,550.00 11 Mercantile Bank Limited 1,618 100 41.45 67,067.87 321.00 519,378.00 12 Mutual Trast Bank Ltd 4,718 100 248.64 1,173,093.01 376.75 1,777,506.50 13 National Bank Ltd. 4,680 10 1.58 7,377.97 65.20 305,136.00 14 One Bank Ltd. 229 100 14.00 3,205.52 505.00 115,645.00 15 Premier Bank Ltd 43,312 10 3.68 159,381.86 33.50 1,450,952.00 16 Prime Bank Ltd. 25,410 10 38.68 982,865.10 47.50 1,206,975.00 17 Shahjalal Islami Bank Ltd 34,325 10 4.72 162,121.96 38.30 1,314,647.50 18 Social Investment Bank Ltd. 13,209 10 12.49 164,959.87 22.70 299,844.30 19 Southeast Bank Limitrd 5,742 100 148.89 854,953.53 320.50 1,840,311.00 20 Standard Bank Limited 12,937 100 53.93 697,716.85 327.50 4,236,867.50 21 Trust Bank Ltd 4,488 100 159.51 715,886.68 444.25 1,993,794.00 22 Aramit Cement Ltd. (Share) 8,400 100 172.31 1,447,422.67 1,194.25 10,031,700.00 23 Confidence Cement Ltd. 120,020 10 34.22 4,106,971.54 181.40 21,771,628.00 24 Heidelbarg Cement Bd. Ltd. 11,903 100 648.77 7,722,288.80 3,040.00 36,185,120.00 25 Lafarge Surma Cement Ltd. 1,800 100 524.30 943,733.33 489.00 880,200.00 26 Bengal Fine Ceramics Ltd. 1,850 100 100.00 185,000.00 60.00 111,000.00 27 Monno Ceramic Industries Ltd. 501 100 59.48 29,796.98 723.75 362,598.75 28 Rak Ceramic Bd Ltd. 12,100 10 43.64 528,000.00 105.00 1,270,500.00 29 Bangladesh Lamps Ltd. 50 100 21.69 1,084.50 1,702.50 85,125.00 30 Bsrm Steels Ltd. 1,794 100 72.46 130,000.00 1,413.50 2,535,819.00 31 Eastern Cables Ltd. 420 100 12.76 5,359.12 649.50 272,790.00 32 Golden Son Ltd. 275 10 17.68 4,861.10 69.10 19,002.50 33 Jago Corporation 9,900 100 100.00 990,000.00 100.00 990,000.00 34 Karim Pipe Mills Ltd 2,600 100 103.00 267,800.00 27.25 70,850.00 35 Wonderland Toys Ltd. 2,800 100 100.00 280,000.00 68.25 191,100.00 36 Aci Formulations Ltd. 5,000 10 174.00 870,000.00 133.20 666,000.00 37 B A T B C 25,999 10 36.72 954,626.54 630.90 16,402,769.10 38 B.L.T.C. 60 100 200.00 12,000.00 14,625.00

100

Sl. No. Company

No. of Shares

30.06.11

Per Value

Average Cost



30.06.11

Market Price Per

Share on 30.06.11


30.06.11

39 Bangas Ltd. 1,187 100 56.02 66,500.00 1,623.00 1,926,501.00 40 Fine Foods Limited 1,508 10 - - 64.40 97,115.25 41 Froglegs Export Ltd. 12,000 10 13.00 156,000.00 13.00 156,000.00 42 N.T.C 91 100 198.60 18,072.85 4,949.50 450,404.50 43 Bangladesh Welding Electrodes 1,570 10 9.36 14,700.00 57.00 89,490.00 44 Boc Bangladesh Ltd 300 10 124.00 37,200.00 678.70 203,610.00 45 Dhaka Electric Supply Co.Ltd 3,978 100 338.55 1,346,742.24 1,706.50 6,788,457.00 46 Eastern Lubricants 650 10 141.85 92,202.00 556.30 361,595.00 47 Jamuna Oil Co. Ltd. 7,680 10 119.75 919,642.51 258.60 1,986,048.00 48 Meghna Petrolium Ltd. 32,475 10 111.47 3,619,969.96 188.60 6,124,785.00 49 Padma Oil Company 21,600 10 21.87 472,290.64 733.20 15,837,120.00 50 Power Grid Co.Bd. Ltd 4,925 100 527.84 2,599,617.93 807.75 3,978,168.75 51 Summit Power Ltd 9,125 10 35.90 327,550.00 81.50 743,687.50 52 Tital Gas Transmission & D.C.L. 6,980 100 445.77 3,111,498.15 802.25 5,599,705.00 53 Agni Systems Ltd. 1,003 10 11.40 11,435.50 43.50 43,630.50 54 Bangladesh Online Limited 136 10 4.40 598.60 105.80 14,388.80 55 Agrani Insurance Co. Ltd. 3,553 100 245.82 873,415.59 525.50 1,867,101.50 56 Asia Insurance Ltd. 8,375 10 12.52 104,856.20 72.60 608,025.00 57 Asia Pacific General Insurance 2,000 100 137.56 275,119.32 528.75 1,057,500.00 58 Central Insurance Co.Ltd 2,275 100 54.86 124,814.35 713.00 1,622,075.00 59 City General Insurance Co.Ltd 59,640 10 12.19 727,127.58 50.90 3,035,676.00 60 Continental Insurance Ltd 5,448 100 99.58 542,532.51 538.50 2,933,748.00 61 Dhaka Insurance Ltd. 500 100 121.54 60,769.23 1,187.75 593,875.00 62 Eastland Insurance Co. Ltd. 1,661 100 37.77 62,744.20 924.00 1,534,764.00 63 Islami Insurance Bd. Ltd. 500 100 100.00 50,000.00 538.25 269,125.00 64 Karnafuli Insurance Co. Ltd. 31,670 10 10.96 347,214.00 62.80 1,988,876.00 65 Mercantile Insurance Co. Ltd. 3,320 100 180.84 600,402.60 532.00 1,766,240.00 66 Northren General Ins. Co. Ltd. 1,184 100 67.57 80,000.00 668.25 791,208.00 67 Paramount Insurance Co.Ltd 1,050 100 90.91 95,454.54 529.25 555,712.50 68 Phoenix Insurance Co. Ltd. 16,160 10 3.68 59,400.00 87.70 1,417,232.00 69 Pragati Insurance Ltd 323 100 475.45 153,571.45 923.50 298,290.50 70 Prime Insurance Co.Ltd 16,600 10 4.52 75,000.01 322.60 5,355,160.00 71 Provati Insurance Co. Ltd. 800 100 100.00 80,000.00 558.00 446,400.00 72 Republic Insurance Co. Ltd. 440 100 90.91 40,000.00 629.25 276,870.00 73 Rupali Life Insurance Co. Ltd. 880 100 90.91 80,000.00 2,602.00 2,289,760.00 74 Standard Insurance Co. Ltd. 1,120 100 90.91 101,818.18 529.50 593,040.00 75 Takaful Islami Insurance Co. Ltd. 575 100 58.75 65,800.00 774.25 445,193.70 76 DBH First Mutual Fund 13,500 10 10.00 135,000.00 11.80 159,300.00 77 EBL First Mutual Fund 73,500 10 10.00 735,000.00 13.50 992,250.00 78 First Janata Bank Mutual Fund 124,000 10 9.03 1,119,900.00 8.60 1,066,400.00 79 Grameen One: Scheme Two 10,000 10 10.00 100,000.00 20.70 207,000.00 80 Green Delta Mutual Fund 123,500 10 8.37 1,034,050.00 8.20 1,012,700.00

101

Sl. No. Company

No. of Shares

30.06.11

Per Value

Average Cost



30.06.11

Market Price Per

Share on 30.06.11


30.06.11

81 ICB AMCL First Mutual Fund 2,650 100 100.00 265,000.00 640.25 1,696,662.50 82 ICB AMCL First NRB Mutual Fund 100 100 100.00 10,000.00 413.75 41,375.00 83 ICB AMCL Second Mutual Fund 8,300 100 100.00 830,000.00 133.50 1,108,050.00 84 ICB AMCL Second NRB M F 1,600 100 100.00 160,000.00 193.50 309,600.00 85 ICB AMCL Third NRB M F 59,000 10 9.68 571,000.00 9.70 572,300.00 86 ICB Employees Pro. M.F.One 84,000 10 10.00 840,000.00 12.70 1,066,800.00 87 IFIC Bank 1st M.F 23,000 10 10.00 230,000.00 11.30 259,900.00 88 IFIL Islamic Mutual Fund -1 114,500 10 8.28 948,400.00 7.70 881,650.00 89 MBL First Mutual Fund 88,500 10 10.00 885,000.00 8.70 769,950.00 90 Phoenix Fin. 1st M.F 17,500 10 10.00 175,000.00 12.20 213,500.00 91 Popular Life First Mutual Fund 68,500 10 10.00 685,000.00 8.00 548,000.00 92 Prime Bank 1st Icb AMCL M.F 42,000 10 9.81 412,000.00 9.60 403,200.00 93 Prime Fin. 1st Mutual Fund 4,000 10 10.00 40,000.00 19.40 77,600.00 94 Trust Bank 1st Mutual Fund 39,500 10 11.42 451,200.00 12.10 477,950.00 95 Islam Jute Mills Ltd. 1,500 100 105.00 157,500.00 105.00 157,500.00 96 Aramit Ltd 6,975 10 6.67 46,500.00 379.00 2,643,525.00 97 Beximco Ltd (Share) 459 10 177.96 81,682.53 159.90 73,394.10 98 Miracle Industries Ltd 472 10 9.10 4,295.05 30.00 14,160.00 99 Bangladesh Fin. & Inv. Co. Ltd. 670 10 8.44 5,653.43 91.60 61,372.00

100 Bangladesh Inds. Finance Co. 558 100 127.49 71,140.35 567.50 316,665.00 101 Bay Leasing & Investment Ltd. 200 100 258.33 51,666.67 1,122.00 224,400.00 102 Delta Brac Housing Finance Cor. 543 100 112.52 61,096.57 2,371.25 1,287,588.75 103 Fas Finance & Investment Ltd. 1,452 100 86.98 126,301.55 506.00 734,712.00 104 Firest Lease International Ltd. 301 100 141.66 42,639.18 1,069.75 321,994.75 105 IPDC 47 100 121.94 5,731.30 391.00 18,377.00 106 Intl. Leasing & Fin Services 947 100 60.81 57,585.73 1,236.50 1,170,965.50 107 Lankabangla Finance Ltd. 641 10 - - 209.90 134,545.90 108 People Leasing & Fin. Service 70 10 9.95 696.24 118.60 8,302.00 109 Phoenix Finance & Inv. Ltd 1,776 100 96.46 171,321.22 949.00 1,685,424.00 110 Premier Leasing Int. Ltd. 2,294 100 158.95 364,626.47 733.75 1,683,222.50 111 Union Capital Limited 7,282 10 2.74 19,977.05 98.00 713,636.00 112 United Leasing Co. Ltd 5,187 100 60.61 314,407.04 826.25 4,285,758.75 113 Maq Paper Inds.Ltd 2,000 100 100.00 200,000.00 42.75 85,500.00 114 Active Fine Camechemicals Ltd. 575 10 8.70 5,000.00 65.80 37,835.00 115 Beacon Pharmaceuticals Ltd. 110,500 10 10.00 1,105,000.00 32.10 3,547,050.00 116 Beximco Pharmaceuticals Ltd 29,789 10 29.51 879,124.41 80.40 2,395,035.60 117 Deshbandhu Palymer Ltd. 1,000 10 10.00 10,000.00 66.60 66,600.00 118 Glaxo Wellcome (Bd) Ltd 200 10 26.68 5,336.00 973.50 194,700.00 119 Keya Cosmetis Ltd. 200 10 7.30 1,460.00 87.00 17,400.00 120 Orion Infusions Ltd.(Mala) 800 100 109.19 87,352.00 660.75 528,600.00 121 Reckitt Benckiser (Bd.) Ltd. 450 10 133.41 60,033.35 1,213.70 546,165.00 122 Salvo Chemical Ind. Ltd. 2,000 10 10.00 20,000.00 54.40 108,800.00

102

Sl. No. Company

No. of Shares

30.06.11

Per Value


on 30.06.11


30.06.11



30.06.11

123 Square Pharmaceuticals Ltd 4,950 100 1,874.19 9,277,237.22 3,542.25 17,534,137.50 124 Summit Alliance Port Ltd. 3,850 10 17.68 68,084.17 80.90 311,465.00 125 Apex Tannery Ltd. 1,820 100 274.95 500,412.97 1,395.50 2,539,810.00 126 Bata Shoes (Bd.) Ltd. 864 10 17.36 14,999.04 632.20 546,220.80 127 Grameen Phone Ltd. 45,800 10 74.01 3,389,760.00 163.90 7,506,620.00 128 Alltex Inds. Ltd 100 100 51.25 5,125.00 213.00 21,300.00 129 Anlima Yarn Dyeing Ltd 2,000 100 100.15 200,293.09 402.25 804,500.00 130 Apex Weaving & Finishing Mills 2,380 100 125.00 297,500.00 1,423.50 3,387,930.00 131 Ashraf Textile Mills Ltd 300 10 5.15 1,544.00 17.80 5,340.00 132 Bd Dyeing & Finishing Ind. 1,920 100 83.34 160,009.60 64.25 123,360.00 133 Bextex Ltd 1,122 10 9.83 11,029.52 33.40 37,474.80 134 Dandy Dyeing Ltd 2,000 100 100.00 200,000.00 98.50 197,000.00 135 Maksons Spinning Mills Ltd. 93,510 10 20.41 1,908,680.95 44.20 4,133,142.00 136 Malek Spinning Mills Ltd. 40,000 10 25.00 1,000,000.00 57.10 2,284,000.00 137 Metro Spinning Limited 17,250 10 8.98 154,987.90 59.30 1,022,925.00 138 Mithun Knitting & Dyeing Ltd 1,050 100 80.00 84,000.00 1,486.00 1,560,300.00 139 Prime Textile Spin. Mills Ltd 1,000 100 153.59 153,593.76 534.50 534,500.00 140 R.N. Spinning Mills Ltd. 1,100 10 3.38 3,717.95 78.40 86,240.00 141 Square Textile Ltd. 48 10 70.17 3,368.12 139.30 6,686.40 142 The Dacca Dyeing & Ma. Co. Ltd. 500 10 10.00 5,000.00 57.60 28,800.00

A.2…..Debenture Corporate Bond

143 Mudaraba Perpetual Bond 5,430 1,000 999.47 5,427,105.00 959.50 5,210,085.00 Fuel & Power

144 Bd Welding Electrodes (Deb) 38 2,500 600.00 22,800.00 600.00 22,800.00 B. NON-LISTED - SECURITIES / SHARES

B.1...Share Fuel & Power

145 Navana Cng (Deb) 1 2,500,000 500,000 500,000.00 500,000.00 500,000.00

GRAND TOTAL 83,543,520.14 280,821,430.00

103



Annex-4.4


No. of Shares Sold

Cost Price per

Share (Taka)

Selling Price per

Share (Taka)

Total Cost Price

(Taka)


Capital Gain (Taka)

1 Al-Arafa Islami Bank Ltd 23000 24.46 86.92 562,580.00 1,999,160.00 1,436,580.00 2 Brac Bank Ltd 200 100.57 627.00 20,114.00 125,400.00 105,286.00 3 Exim Bank Bangladesh Ltd 14500 17.77 55.23 257,665.00 800,835.00 543,170.00 4 First Security Bank Ltd 24100 10.82 29.48 260,762.00 710,468.00 449,706.00 5 Mercantile Bank Ltd 100 41.45 311.50 4,145.00 31,150.00 27,005.00 6 Mutual Trust Bank Ltd 200 273.13 677.00 54,626.00 135,400.00 80,774.00 7 National Bank Ltd 8000 3.07 181.70 24,560.00 1,453,600.00 1,429,040.00 8 One Bank Ltd 250 21.66 944.10 5,415.00 236,025.00 230,610.00 9 Premier Bank Ltd 50000 4.33 44.24 216,500.00 2,212,000.00 1,995,500.00

10 Prime Bank Ltd 2000 38.68 46.00 77,360.00 92,000.00 14,640.00 11 Shahjalal Islami Bank Ltd 28400 6.40 56.28 181,760.00 1,598,352.00 1,416,592.00 12 Social Islami Bank Ltd 6500 12.88 21.34 83,720.00 138,710.00 54,990.00 13 Southeast Bank Ltd 1800 165.46 383.51 297,828.00 690,318.00 392,490.00 14 Standard Bank Ltd 100 68.88 316.00 6,888.00 31,600.00 24,712.00 15 Trust Bank Ltd 400 106.55 687.13 42,620.00 274,852.00 232,232.00 16 Aramit Cement Ltd (Share) 100 172.31 1,940.00 17,231.00 194,000.00 176,769.00 17 Confidence Cement Ltd 21000 34.22 210.05 718,620.00 4,411,050.00 3,692,430.00 18 Lafarge Surma Cement Ltd 900 524.30 584.64 471,870.00 526,176.00 54,306.00 19 M. I. Cement Factory Ltd 3600 111.60 141.53 401,760.00 509,508.00 107,748.00 20 Monno Ceramic Industries Ltd 165 59.48 1,022.25 9,814.20 168,671.25 158,857.05 21 RAK Ceramics (Bangladesh) Ltd 3000 48.00 209.83 144,000.00 629,490.00 485,490.00 22 Golden Son Ltd 5500 17.98 88.69 98,890.00 487,795.00 388,905.00 23 Jamuna Oil Co. Ltd 1000 143.69 333.50 143,690.00 333,500.00 189,810.00 24 Meghna Petroleum Ltd 4800 117.91 220.60 565,968.00 1,058,880.00 492,912.00 25 Titas Gas Transmission 100 445.77 840.00 44,577.00 84,000.00 39,423.00 26 Asia Insurance Ltd 4000 13.79 72.36 55,160.00 289,440.00 234,280.00 27 Asia Pacific Insurance 200 137.56 579.25 27,512.00 115,850.00 88,338.00 28 City General Insurance Co. Ltd 2200 17.06 209.55 37,532.00 461,010.00 423,478.00 29 Continental Insurance Ltd 1200 91.98 620.33 110,376.00 744,396.00 634,020.00 30 Dhaka Insurance Ltd 150 121.54 1,645.00 18,231.00 246,750.00 228,519.00 31 Karnafuli Insurance Co. Ltd 200 10.96 90.00 2,192.00 18,000.00 15,808.00 32 Mercantile Insurance Co. Ltd 200 180.84 560.25 36,168.00 112,050.00 75,882.00 33 Paramount Insurance Co. Ltd 600 90.91 1,050.67 54,546.00 630,402.00 575,856.00 34 Standard Insurance Ltd 200 90.91 546.00 18,182.00 109,200.00 91,018.00 35 DBH First Mutual Fund 3000 10.00 16.67 30,000.00 50,010.00 20,010.00 36 EBL First Mutual Fund 6000 10.00 17.08 60,000.00 102,480.00 42,480.00 37 ICB AMCL Third NRB M F 11000 10.00 14.55 110,000.00 160,050.00 50,050.00 38 IFIC Bank 1st MF 8000 10.00 15.75 80,000.00 126,000.00 46,000.00 39 Phoenix Finance 1st MF 3000 10.00 15.00 30,000.00 45,000.00 15,000.00 40 Prime Bank 1st ICB AMCL MF 4500 10.00 14.70 45,000.00 66,150.00 21,150.00 41 Trust Bank 1st Mutual Fund 5000 10.00 16.24 50,000.00 81,200.00 31,200.00 42 Bangladesh Fin. & Inv. Co. Ltd 2100 66.30 894.38 139,230.00 1,878,198.00 1,738,968.00 43 Bangladesh Inds. Finance Co. 950 169.76 894.11 161,272.00 849,404.50 688,132.50

104


No. of Shares Sold

Cost Price per

Share (Taka)

Selling Price per

Share (Taka)

Total Cost Price

(Taka)


Capital Gain (Taka)

44 Bay Leasing & Investment Ltd 400 258.33 1,758.00 103,332.00 703,200.00 599,868.00 45 Delta Brac Housing Finance Cor 50 112.52 2,045.00 5,626.00 102,250.00 96,624.00 46 FAS Finance and Investment Ltd 100 86.98 639.00 8,698.00 63,900.00 55,202.00 47 First Lease International Ltd 200 226.80 1,031.00 45,360.00 206,200.00 160,840.00 48 IPDC 500 229.25 530.20 114,625.00 265,100.00 150,475.00 49 Intl. Leasing & Fin. Services 1150 67.15 1,244.83 77,222.50 1,431,554.50 1,354,332.00 50 National Housing Fin. & Inv. 200 100.00 1,151.00 20,000.00 230,200.00 210,200.00 51 Peoples Leasing & Fin. Services 550 174.06 1,346.18 95,733.00 740,399.00 644,666.00 52 Phonix Finance & Inv. Ltd 700 96.97 1,349.00 67,879.00 944,300.00 876,421.00 53 Premier Leasing International Ltd 2000 201.23 826.37 402,460.00 1,652,740.00 1,250,280.00 54 Union Capital Ltd 2000 2.74 95.50 5,480.00 191,000.00 185,520.00

55 United Leasing Co. Ltd 860 106.08 1,779.86 91,228.80 1,530,679.60 1,439,450.80 56 Active Fine Chemicals Ltd 1500 10.00 80.47 15,000.00 120,705.00 105,705.00 57 Beacon Pharmaceuticals Ltd 2500 10.00 87.48 25,000.00 218,700.00 193,700.00 58 Deshbandhu Polymer Ltd 1500 10.00 73.33 15,000.00 109,995.00 94,995.00 59 Marico Bangladesh Ltd 1000 90.00 565.13 90,000.00 565,130.00 475,130.00 60 Orion Infusions Ltd (Mala) 200 109.19 718.00 21,838.00 143,600.00 121,762.00 61 Salvo Chemical Industry Ltd 1000 10.00 51.50 10,000.00 51,500.00 41,500.00 62 Square Pharmaceuticals Ltd 100 1,874.19 3,452.00 187,419.00 345,200.00 157,781.00 63 Summit Alliance Port Ltd 1100 22.11 247.02 24,321.00 271,722.00 247,401.00 64 United Airways (BD) Ltd 2950 100.00 330.80 295,000.00 975,860.00 680,860.00 65 Apex Tannery Ltd 100 274.95 1545.75 27,495.00 154,575.00 127,080.00 66 Grameenphone Ltd 1200 70.00 273.20 84,000.00 327,840.00 243,840.00 67 Anlima Yarn Dying Ltd 3300 100.15 447.55 330,495.00 1,476,915.00 1,146,420.00 68 Bextex Ltd 600 9.83 71.50 5,898.00 42,900.00 37,002.00 69 Maksons Spinning Mills Ltd 36500 13.11 75.82 478,515.00 2,767,430.00 2,288,915.00 70 Malek Spinning Mills Ltd 7500 25.00 90.35 187,500.00 677,625.00 490,125.00 71 Mithun Knitting and Dyeing Ltd 200 80.00 1,659.00 16,000.00 331,800.00 315,800.00 72 Monno Fabrics Ltd 2050 90.25 105.43 185,012.50 216,131.50 31,119.00 73 Prime Textile Spin. Mills Ltd 5350 153.59 640.33 821,706.50 3,425,765.50 2,604,059.00 74 R. N. Spinning Mills Ltd 6550 22.33 178.80 146,261.50 1,171,140.00 1,024,878.50 75 Square Textiles Ltd 650 84.20 172.00 54,730.00 111,800.00 57,070.00 76 The Dacca Dyeing & Man. Co. Ltd 12500 10.00 56.60 125,000.00 707,500.00 582,500.00

Grand Total 9,962,437.79 47,294,128.25 37,331,690.46

105

cÂg AvBwmwe wgDPyq¨vj dvÛ Fifth ICB Mutual Fund jf¨vsk I my` Avq

2010-11 A_©eQ‡i G dvÛ †gvU 68 wU wmwKDwiwUR n‡Z 67.07 j¶ UvKv jf¨vsk I my` eve` Avq K‡i‡Q hvi g‡a¨ 57.79 j¶ UvKv (85.65 kZvsk) 30 Ryb 2011 Zvwi‡Li g‡a¨ bM‡` cvIqv hvq| †Kv¤úvwb wfwËK jf¨vsk I my` Avq Ges cÖvc¨ jf¨vsk I my‡ì we —vwiZ weeiY h_vµ‡g cwiwkó-5.1 Ges cwiwkó-5.2 G †`Lv‡bv n‡q‡Q|

ewb‡qvM weµq n‡Z g~jabx gybvdv

2010-11 A_©eQ‡i G dvÛ 78 wU ‡Kv¤úvwbi wmwKDwiwUR weµq K‡i 412.21 j¶ UvKv g~jabx gybvdv AR©b K‡i‡Q| g~jabx gybvdv AR©‡bi we¯—vwiZ weeiY cwiwkó 5.4 G †`Lv‡bv n‡q‡Q|


The Fund has earned an amount of Tk. 67.07 lac as dividend and interest from 68 securities during 2010-11 of which, Tk. 57.79 lac (85.65 per cent) was received in cash within 30 June 2011. Details of dividend & interest income and receivables are shown in Annex-5.1 and Annex-5.2 respectively.

Capital Gains on Sale of Investments During 2010-11, the Fund has earned Tk.412.21 lac as capital gains by selling securities of 78 companies. Details of capital gains are shown in annex-5.4.


wmwKDwiwU†R wewb‡qvM n‡Z jf¨vsk I my` Avq 67.47 j¶ UvKv, e¨vsK Avgvb‡Zi Dci my 27.31 j¶ UvKv Ges g~jabx gybvdv 412.21 j¶ UvKvmn Av‡jvP¨ A_©eQ‡i G dv‡Ûi †gvU Av‡qi cwigvY `vuovq 513.79 j¶ UvKv| ÷vd LiP, eë ’vcbv wd, gy ªY I †ókbvix, WvK I Zvi , AvBwmweÕi mv‡_ cwiPvwjZ PjwZ Dci wnmv‡ei my`, e¨vsK PvR©, wewb‡qvM mwÂwZ Ges Ab¨vb¨ LiP eve` †gvU 229.86 j¶ UvKv ev` †`qvi ci dv‡Ûi bxU Avq ùvovq 283.93 j¶ UvKv| c~e©eZx©© eQ‡ii Aew›UZ g~bvdv 181.06 j¶ UvKv †hvM Kivi ci 30 Ryb 2011 Zvwi‡L dv‡Ûi bxU e›Ub‡hvM¨ Av‡qi cwigvY `vuovq 464.99 j¶ UvKv| d‡j mvwU©wd‡KU cÖwZ e›Ub†hvM¨ g~bvdvi cwigvY ùvovq 309.99 UvKv |


During the year under review, the Fund has earned a gross income of Tk.513.79 lac by way of dividend and interest income from investment in securities of Tk. 67.47 lac and interest income of Tk.27.31 lac on bank deposits, capital gains of Tk. 412.21 lac . After deducting the total expenses of Tk.229.86 lac incurred as staff expenses, management fee, printing and stationery, postage and telegram, interest on current account with ICB, bank charges, provision against investments and others, the net income of the Fund stood at Tk. 283.93 lac. Taking into account the previous year’s undistributed income of Tk.181.06 lac, the Fund had a net distributable income of Tk.464.99 as on 30 June 2011 resulting in distributable income per certificate of Tk.309.99.

jf¨vsk

Av‡jvP¨ dvÛ 2010-11 A_©eQ‡i cÖwZwU 100.00 UvKv g~j¨gv‡bi mvwU©wd‡K‡Ui Rb¨ 135.00 UvKv nv‡i jf¨vsk †NvlYv K‡i‡Q hv c~e©eZx© eQ‡i wQj 100.00 UvKv| jf¨vsk cÖ v‡bi Rb¨ †gvU 202.50 j¶ UvKvi ms ’vb ivLvi ci dv‡Û 262.49 j¶ UvKv Aew›UZ gybvdv _v‡K| mviYx- 5.2 G dv‡Ûi eQiIqvix jf¨vs‡ki nvi cÖ wk©Z nj:

Dividend

The Fund has declared dividend at the rate of Tk. 100.00 per certificate of Tk.135.00 each for the year 2010-11, which was Tk. 100.00 per certificate in the previous year. After making provision of Tk. 202.50.00 lac for payment of dividend, the Fund has an undistributed income of Tk. 262.49 lac. The year-wise dividend performance of the Fund is shown in the Table-5.2 :

106

Table- 5.2: Year-wise dividend performance Financial year Dividend per certificate Financial year Dividend per certificate

1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99

20.00 20.50 20.50 10.00 11.00 12.00 25.00 28.00 30.00 35.00 22.00 20.00

1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

21.00 23.00 24.00 24.00 24.00 27.00 27.00 33.00 45.00 56.00

100.00 135.00

cÎ‡Kvl

2010-11 A_©eQ‡i G dvÛ KZ©„K 22 wU †Kv¤úvwbi wmwKDwiwU‡R 132.38 j¶ UvKv wewb‡qvM Kiv n‡q‡Q| 30 Ryb, 2011 Zvwi‡L G dv‡Ûi cÎ‡Kv‡l 1091.92 j¶ UvKv µqg~‡j¨ 162 wU ‡Kv¤úvwbi wmwKDwiwUR wQj hvi evRvi g~j¨ wQj 3747.11 j¶ UvKv| 30 Ryb 2011 Zvwi‡L dv‡Ûi cÎ‡Kv‡li we —vwiZ weeiY cwiwkó-5.3 G cÖ wk©Z n‡q‡Q|

30 Ryb 2011 Zvwi‡L cÖwZwU 100.00 UvKv g~j¨gv‡bi cÂg AvBwmwe wgDPyq¨vj dvÛ mvwU©wd‡K‡Ui jf¨vsk cieZx© bxU m¤c`g~j¨ ùvovq 2054.01 UvKv|

2010-11 A_©eQ‡i 100.00 UvKv g~jgv‡bi cÂg AvBwmwe wgDPyq¨vj dv‡Ûi mvwU©wd‡KU cÖwZ cÖviwšfK I mgvcYx evRvi ì wQj h_vµ‡g 1750.00 UvKv I 1701.00 UvKv| 30 Ryb 2011 Zvwi‡L dv‡Ûi mvwU©wd‡KU ‡nvìvi‡ì msL¨v wQj 2330 Rb|

Portfolio

During 2010-11 the Fund has made an investment of Tk. 132.38 lac in securities of 22 companies. As on 30 June 2011 the Fund had securities of 162 companies in its portfolio with a total cost of Tk.1091.92 lac, the market value of which was Tk. 3747.11 lac. Details of the portfolio of the Fund as on 30 June 2011 are given in Annex-5.3. The ex-dividend net asset value per certificate of Fifth ICB Mutual Fund of Tk.100.00 each stood at Tk.2054.01 as on 30 June 2011. The opening and closing market price per certificate of the Fifth ICB Mutual Fund of Tk. 100.00 each was Tk. 1750.00 and Tk. 1701.00 respectively during 2010-11. The number of certificate holders of the Fund was 2330 as on 30 June 2011.

107

AUDITORS’ REPORT

to the Certificate Holders of Fifth ICB Mutual Fund

We have audited the accompanying Financial Statements of Fifth ICB Mutual Fund (the “Fund”) which comprise the Statement of Financial Position as at 30 June 2011, Statement of Comprehensive Income, Statement of changes in equity, Statement of cash flows for the year ended, and a summary of significant accounting policies and other explanatory information. The financial statements of the fund for the year ended 30 June 2010 were jointly audited by Rahman Mostafa Alam & Co., Chartered Accountants and A. Matin & Co., Chartered Accountants who issued unqualified opinion on 25 July 2010.

Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements of the Fund in accordance with Bangladesh Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of these financial statements of the Fund that are free from material misstatement, whether due to fraud or error.

Auditors Responsibility Our responsibility is to express an opinion on these financial statements of the Fund based on our audit. We conducted our audit in accordance with Bangladesh Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements of the Fund are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on our judgement, including the assessment of the risks of material misstatement of the financial statements of the Fund, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the entity’s preparation and fair presentation of the financial statements of the Fund in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements of the Fund.

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

Opinion

In our opinion, except for the effects on the financial statements of the matter discussed in the emphasis of matter paragraph, the financial statements of the Fund prepared in accordance with Bangladesh Financial Reporting Standards (BFRS), give a true and fair view of the financial position of the Fund as at 30 June 2011 and the results of its financial performance and its cash flows for the year then ended 30 June 2011 and comply with the ICB Ordinance 1976, the Mutual

108

Fund Regulations 1993, the Securities and Exchange Rules 1987 and other applicable laws and regulations.

Emphasis of matter We draw attention to note 25 of the financial statements which describes the deviation of few requirements of BAS/BFRS due to considering volatile stock market scenario and conservative policy of fund management. Our opinion is not qualified in this matter. We also report that:


ii. in our opinion, proper books of accounts as required by law have been kept by the Fund so far as it appeared from our examination of those books;

iii. the statement of financial position and statement of comprehensive income of the Fund dealt with by the report are in agreement with the books of accounts; and

iv. the expenditure incurred was for the purposes of the Fund’s business.

Sd/- Sd/- A. Matin & Co. Syful Shamsul Alam & Co.

Chartered Accountants Chartered Accountants Dhaka, July 30, 2011

109

Investment Corporation of Bangladesh Fifth ICB Mutual Fund

Statement of Financial Position as at 30 June 2011

Amount in Taka Notes 30-Jun-11 30-Jun-10

Assets

Investments at cost 4 109,191,611 95,261,107

Cash at Bank 5 69,287,071 44,765,944

Installments receivable on investment 6 1,103,918 1,103,918

Dividend and Interest Receivable 7 1,692,618 1,568,734

Share Application Money 8 - 2,500,000

Others 9 137,830 561,558

Total Assets 181,413,048 145,761,261

Liabilities

Accrued Expenses 10 23,252 73,252

Unclaimed Dividend 11 7,559,205 7,687,990

Provision for dividend & interest receivable 12 537,676 537,676

Provision for loss on value of investments 13 28,089,989 23,143,989

Provision for possible fluctuation of price of investments 14 81,477,000 64,523,000

Other Liabilities 15 806,703 269,599 Total Liabilities 118,493,825 96,235,506

Net Assets 62,919,223 49,525,756

Net assets consists of:

Capital Fund 16 15,000,000 15,000,000

General Reserve 17 1,419,231 1,419,231 Distributable Income 18 46,499,992 33,106,525 62,919,223 49,525,756

Net Asset Value (NAV) per share Net assets-at cost 62,919,223 49,525,756 Net assets-at market value 328,351,206 320,464,500 Share of capital stock outstanding 150,000 150,000 Net assets value-at cost 419.46 330.17 Net assets value-at market value 2,189.01 2,136.43




As per our report of same date

Sd/- Sd/- A Matin & Co. Syful Shamsul Alam & Co. Chartered Accountants Chartered Accountants Dhaka, 30 July 2011

110

Fifth ICB Mutual Fund Statement of Comprehensive Income for the year ended 30 June 2011

Amount in Taka Notes 30-Jun-11 30-Jun-10 Income Dividend and Interest 19 6,747,245 5,948,204 Interest on Bank Deposits 20 2,731,453 619,774 Interest on Current Account with ICB 679,548 Net realized gain on investment 41,220,779 38,602,780 Other Income 132 112 Total Income 51,379,157 45,170,870

Expenses Staff expenses 21 461,990 372,436 Management Fee 22 150,000 150,000 Listing Fee 23 30,000 30,000 Audit Fee 12,000 12,000 Postage & Stamps 13,932 175 Printing & Stationery 10,380 10,769 Interest on Current Account with ICB - 1,387,304 Bank Charges 19,150 62,479 Others 24 388,238 293,958 1,085,690 2,319,121


Provision: for loss on value of investments 4,946,000 3,575,000 for possible fluctuation of price of investments 16,954,000 17,925,000 21,900,000 21,500,000

Net income for the year 28,393,467 21,351,749 Undistributed Income from previous year 18,106,525 11,754,776 Distributable income carried to balance sheet 46,499,992 33,106,525 Earning per certificate during the year 189.29 142.34






111

Investment Corporation of Bangladesh Fifth ICB Mutual Fund

Statement of Changes in Equity for the year ended 30 June 2011

Particulars Capital Fund General Reserve Distributable

Income Total

Balance as at 01 July 2009 Net Income for the year Dividends

15,000,000 - -

1,419,231 - -

20,154,776 21,351,749 (8,400,000)

36,574,007 21,351,749 (8,400,000)

Balance as at 01 July 2010 Net profit for the year Dividends

15,000,000 - -

1,419,231 - -

33,106,525 29,593,467

(15,000,000)

49,525,756 29,593,467

(15,000,000) Balance as at 30 June 2011 15,000,000 1,419,231 47,699,992 64,119,223






112

Fifth ICB Mutual Fund

Statement of cash flows for the year ended 30 June 2011

Particulars Amount in Taka

30-Jun-11 30-Jun-10

Cash Flows from Operating Activities: Net Income before provision 50,293,467 42,851,749Adjustment for: Share Application Money 2,500,000 (2,500,000)Dividend and Interest Receivable (123,884) 578,469Other Liabilities 537,104 (378,110)Other Assets 423,727 (561,558)Accrued Expenses (50,000) 50,000Tax at source paid Sale/(Purchase) of Marketable Investments (net) (13,930,504) 5,124,289Provision for marketable investment Current Account with ICB - (1,995,800)Net Cash inflows from operating activities 39,649,910 43,169,039 Cash Flows from financing activities: Dividend Paid (14,277,560) (10,581,532)Proceeds from shares sold (851,225) Net cash used in financing activities (15,128,785) (10,581,532)Net increase/ decrease in cash & cash equivalents 24,521,125 32,587,507Cash and cash equivalents at beginning of the year 44,765,945 12,178,438Cash and cash equivalents at end of the year 69,287,071 44,765,945


Sd/- Sd/- Sd/- Sd/-





113

Fifth ICB Mutual Fund Notes to the Financial Statements

as at and for the year ended 30 June 2011 1. The Fund and its activities: 1.1 Status of the fund:

Investment Corporation of Bangladesh (ICB) was established in 1976 with the objectives of accelerating industrialization and economic development of the country through development of capital market by mobilizing savings and encouraging and improving the investment climate in the country with particular emphasis placed on broadening the base and scope of investments as well as tapping marginal investors. Keeping in line with these objectives, the Fifth ICB Mutual Fund (the Fund) was established in June 1987, under Regulation 29A of ICB (General) Regulations with a total capital of Tk. 1,50,00,000.00 divided into 1,50,000 Certificates of Tk. 100 each. The management of the Fund is vested with ICB.












114

3. Significant Accounting Policies: 3.1 Marketable Investments: (i) Shares and redeemable value of debentures are stated at average cost price for purchases from



(iii) Dividend income from stock is recognized when shareholders’ right is established. (iv) Bonus shares i.e. stock dividend received or receivable from various companies is not accounted for

as income rather included in the portfolio to reduce the average cost.

3.2 Taxation:

The Fund’s income is exempted from income tax vide Ministry of Finance SRO no.88-L/80 of 01 April 1980.

3.3 Cash and Bank:


3.4 General: (i) Except for certain expenses reflected in these financial statements all other expenses including

premises and equipment expenses are borne by ICB and, therefore, not reflected in these financial statements.



115

Amount in Taka 30-Jun-11 30-Jun-10 4 Investments at cost 109,191,611 95,261,107

The market value of investments was Tk.374,711,198 at the close of business on June 30, 2011 which indicates a surplus of Tk.265,519,587 between market price and cost.


5 Cash at Bank Agrani Bank (Amin Court Branch), STD A/c-0002181 58,135 56,459 Agrani Bank (Amin Court Branch), STD A/c-0002337 50,673 49,341 IFIC Bank (Federation Branch), STD A/c-863001154 45,305 45,595 IFIC Bank (Federation Branch), STD A/c-863001303 22,329 122,187 IFIC Bank (Federation Branch), STD A/c-863001427 89,506 89,000 IFIC Bank (Federation Branch), STD A/c-863001559 38,068 38,488 IFIC Bank (Federation Branch), STD A/c-863001716 38,854 474,764 IFIC Bank (Federation Branch), STD A/c-863001889 513,414 505,505 IFIC Bank (Federation Branch), STD A/c-863002078 555,164 546,503 IFIC Bank (Federation Branch), STD A/c-1008-000122-041 19,361 20,118 IFIC Bank (Federation Branch), STD A/c-1008-000226-041 616,746 474,512 IFIC Bank (Federation Branch), STD A/c-1008-000258-041 14,712 - IFIC Bank (Motijheel Branch), Current A/c-88903 3,384 19,931 IFIC Bank (Motijheel Branch), STD A/c-2778 37,221,420 22,323,543 UCBL (Eskaton Br) Fixed Deposit A/C 30,000,000 20,000,000 69,287,071 44,765,944

6. Installments receivable on investment Opening balance 1,103,918 1,103,918 Less: Adjustment during the year - - Closing balance 1,103,918 1,103,918

7. Dividend and Interest Receivable Dividend receivable 1,112,873 983,087 Interest receivable 579,745 585,647

1,692,618 1,568,734

7.1 Ageing analysis Dividend Receivable for less than one year 967,627 849,841 Dividend Receivable for more than one year 145,246 133,246 1,112,873 983,087

116

Amount in Taka 30-Jun-11 30-Jun-10 7.2 Movement of Dividend and Interest Receivable:

Opening balance 1,568,734 2,147,203 Add: Addition during the year 967,627 849,841 Less: Received during the year (843,743) (1,428,310) Closing balance 1,692,618 1,568,734 (See Annexure-B for details) 8 Share Application money: Opening balance 2,500,000 - Add: Made during the year - 2,500,000 Less: Adjustment during the year (2,500,000) - Closing balance - 2,500,000 9 Others Assets: Opening balance 561,558 - Add: Made during the year - 561,558 Less: Adjustment during the year (423,728) - Closing balance 137,830 561,558 10. Accrued Expenses: Opening balance 73,252 23,252 Add: Made during the year 12,000 62,000 Less: Adjustment (62,000) (12,000) Closing balance 23,252 73,252

11. Unclaimed Dividend Opening balance 7,687,990 9,869,522 Add: Dividend declared for the year 2009-2010 15,000,000 8,400,000 Less: Dividend paid for previous year (1,768,160) (36,660) Less: Dividend paid for the year 2009-2010 (12,509,400) (10,544,872) Less: Tax deducted at source (2007-08) (174,325) - Less: Tax deducted at source (2008-09) (224,900) - Less: Tax deducted at source (2009-10) (452,000) - Closing balance 7,559,205 7,687,990

12. Provision for dividend on securities receivable Opening balance 537,676 537,676 Add: Write-off - - Closing balance 537,676 537,676

117

Amount in Taka 30-Jun-11 30-Jun-10 13. Provision for loss on value of investments Opening balance 23,143,989 19,568,989 Add: Provision during the year 4,946,000 3,575,000 Closing balance 28,089,989 23,143,989 14. Provision for possible fluctuation of marketable investments Opening balance 64,523,000 46,598,000 Add: Provision during the year 16,954,000 17,925,000 Closing balance 81,477,000 64,523,000 15. Other Liabilities 806,703 269,599 16 Capital Fund 15,000,000 15,000,000 The Capital Fund is divided into 150,000 certificates of Tk.100 each fully paid up in cash. 17 General Reserve 1,419,231 1,419,231 The above amount represents forfeited unclaimed dividend up to 2004 over 6 years 18. Distributable Income Opening balance 33,106,525 20,154,776 Less: Dividend Declared (15,000,000) (8,400,000) 18,106,525 11,754,776 Add: Net Income 28,393,467 21,351,749 Closing balance 46,499,992 33,106,525 19. Dividend & Interest 6,747,245 5,948,204 See Annexure-C for details 20. Interest on Bank Deposits Agrani Bank 2,560 3,658 IFIC Bank Ltd. 558,893 616,116 Standard Chartered Bank 445,000 - United Commercial Bank Limited 1,725,000 - 2,731,453 619,774

21. Staff Expenses: Basic Salary 190,469 170,216 Allowance 170,381 136,956 Festival Bonus 33,430 24,471 Incentive Bonus 67,710 40,793 461,990 372,436

118

Amount in Taka 30-Jun-11 30-Jun-10 22. Management Fee 150,000 150,000 Management fee at the rate of one percent on capital fund is paid to ICB for management services and

support received from the Corporation as per the decision of the Board of Directors. 23. Listing Fee Dhaka Stock Exchange 15,000 15,000 Chittagong Stock Exchange 15,000 15,000 30,000 30,00024. Others Expenses: Entertainment 3,000 3,000 Stock Exchange Charge 260,225 160,310 Miscellaneous 4,125 4,500 CDBL Charge 16,361 38,094 Advertisement 54,528 38,055 SEC Yearly Fees 50,000 50,000 388,238 293,959


Few requirements of BAS/BFRS have not been followed while preparing the Financial Statements due to considering volatile stock market scenario and conservative policy of fund management. The deviations are disclosed below along with financial impact where applicable:

(a) Investments in quoted and unquoted shares are revalued at cost price. Investments are not shown in market value (MV) which is very new concept in accounting standard in Bangladesh. In the Financial Statement this standard is not considered due to volatile stock market scenario and conservative policy of fund management and prevailing dividend policy of mutual fund. At the year-end market value (for quoted shares) and book value (for unquoted shares) are higher than cost price by Tk.265,519587

(b) Investments have been valued on aggregate portfolio basis and provision is required to be made considering overall decrease in the value of investment. The fund maintains both provision for loss on value of investment and provision for possible price fluctuation which is shown in Balance sheet under liabilities amounting to Tk.109,566,989.

(c) Some disclosure and presentation requirements as per BFRS 7 and BAS 32 regarding risk management have not been made in the financial statements. However, fund management is prudent in risk management which is evident from steady growth of the fund. The fund is not exposed to any foreign currency and interest rate risk.

26 Event after Balance sheet date The board of directors of Investment Corporation of Bangladesh declared cash dividend of Tk. 135 per

certificate for the year ended 30 June 2011 in its meeting held on 30 July 2011. Sd/- Sd/- Sd/- Sd/-



119

Fifth ICB Mutual Fund Statement of Dividend and Interest Income during 2010-11 cwiwkó-5.1 Annex-5.1

SL. No. Name of Company Face

Value

Rate of Dividend

(percentage) No of Shares Amount (Tk)

A. Dividend 1 AB Bank Ltd.. 100 20.00 5,939 118,7802 ACI Formulation Ltd.. 10 30.00 5,000 15,0003 Advance Chemical Ind. Ltd.. 10 120.00 24,000 288,0004 Agni Systems Ltd.. 10 12.50 1,888 2,3605 Anlima Yarn Dyeing Ltd.. 100 10.00 3,100 31,0006 Apex Adelchi Foot wares 100 40.00 1,200 48,0007 Apex Spinning & Knitting Mills 100 15.00 1,840 27,6008 Apex Tannery Ltd.. 100 25.00 3,980 99,5009 Aramit Ltd.. 10 40.00 3,750 15,000

10 Asia Insurance Ltd.. 10 25.00 7,700 19,25011 Bata Sheo (BD) Ltd.. (Interim) 10 145.00 3,760 54,52012 Bata Shoes Co. Bd 10 105.00 3,260 34,23013 BATBC 10 430.00 10,699 460,05714 Bay Leasing & Investment 100 10.00 1,000 10,00015 Beximco Synthetics Ltd.. 100 7.50 520 3,90016 BOC Bangladesh (Interm) 10 250.00 15,850 396,25017 BOC Bangladesh Ltd. 10 100.00 15,850 158,50018 BRAC Bank Ltd.. 100 10.00 3,904 39,04019 Confidence Cement Co. Ltd.. 10 25.00 16,910 42,27520 Continental Insurance Ltd.. 100 5.00 5,016 25,08021 DBH 1st M/F 10 7.00 26,500 18,55022 Delta Brac Housing Ltd.. 100 10.00 699 6,99023 Dhaka Electric Supply Co. Ltd.. 100 15.00 2,492 37,38024 Dutch Bangla Bank Ltd.. 100 30.00 492 14,76025 Eastern Lubricants 10 30.00 5,000 15,00026 Eastren Housing Ltd.. 100 25.00 200 5,00027 EBL 1st M/F 10 20.00 81,500 163,00028 Glaxo smith BD Ltd. 10 200.00 1,850 37,00029 Grameen One: Sehceme 2 10 20.00 27,000 54,00030 Grameenphone Ltd.. 10 85.00 69,600 591,60031 Grameenphone Ltd.. (Interim) 10 35.00 69,800 244,30032 H.R Textile Mills Ltd.. 100 5.00 2,000 10,00033 Heidelberg Cement Bd. Ltd.. 100 43.00 8,932 384,07634 ICB AMCL First M/F 100 50.00 3,300 165,00035 ICB AMCL First NRB M/F 100 35.00 800 28,00036 ICB AMCL Islamic M/F 100 35.00 8,800 308,00037 ICB AMCL Second M/F 100 14.00 11,600 162,400

120

38 ICB AMCL Second NRB M/F 100 22.00 10,700 235,400

SL. No. Name of Company Face

Value

Rate of Dividend

(percentage) No of Shares Amount (Tk)

39 ICB Employees Prov.M/F One 10 11.50 101,500 116,72540 Jamuna Oil Company Ltd.. 10 30.00 8,200 24,60041 Kaya Cosmetics Ltd.. 10 15.00 200 30042 Malek Spinning Mills Ltd.. 10 10.00 40,000 40,00043 Meghna Petrolium Ltd.. 10 45.00 26,260 118,17044 Niloy Cement Ltd.. 100 10.00 300 3,00045 NTC Ltd.. 100 20.00 3,600 72,00046 Olympic Industries Ltd.. 100 10.00 895 8,95047 Power Grid Co. of Bd. Ltd.. 100 10.00 4,650 46,50048 Prime Bank 1st ICB AMCL M/F 10 10.00 37,500 37,50049 Prime Bank Ltd.. 10 5.00 13,000 6,50050 Prime Finance 1st M/F 10 20.00 9,000 18,00051 Prime Islami Life Insurance 10 5.00 1,230 6,15052 Prime Textile Spinning Mills 100 11.00 4,600 50,60053 Progati Insurance Ltd.. 100 15.00 388 5,82054 Pubali Bank Ltd.. 10 5.00 2,210 1,10555 IBBL Mudaraba Perpetual Bond 1000 12.35 6,085 751,49856 R.A.K Ceramics (BD) Ltd.. 10 15.00 14,400 21,60057 Rangpur Foundry Ltd.. 10 21.00 1,000 2,10058 Renata Ltd.. 100 60.00 75 4,50059 Sotheast Bank Ltd.. 100 10.00 11,251 112,51060 Squqre Pharmaceuticals Ltd.. 100 35.00 17,375 608,12561 Summit Alliance Port 10 20.00 3,050 6,10062 Summit Alliance Port (Interim) 10 30.00 3,050 9,15063 The Ibn Sina Pharma. Ind. 100 10.00 1,092 10,92064 Titas Gas Co. Ltd.. 100 25.00 4,500 112,50065 United Leasing Ltd.. 100 7.50 1,658 12,43566 Square Textile 10 16.00 40 6467 Golden Son Lttd 10 5.00 874 437 Total (A)= 6,576,657 B. Interest 68 Navana CNG (Deb) 170,588 Grand Total (A+B)= 6,747,245

121

Fifth ICB Mutual Fund Statement of Dividend and Interest receivable for FY-2010-11 cwiwkó-5.2

Annex-5.2

SL. No. Name of the Company No. of


(TK.)


(percentage)

Amount Receivable (Tk.)

A.Dividend Receivable for more than one year 1 Apex Adelci Footware Ltd.. 200 100 25.00 5,0002 Aramit Cement Ltd.. 400 100 7.50 3,0003 B.C.I.L. 4,110 100 3.00 10,4814 B.C.I.L. 4,110 100 10.00 34,9355 BD Online Ltd.. 625 10 10.00 6256 BD. Dyeing 780 100 10.00 6,6307 Fahad Industries Ltd.. 100,000 10 5.00 50,0008 Fine Foods Ltd.. 14,500 10 5.00 7,2509 Glaxosmith Kline BD Ltd.. 1,850 10 25.00 4,625

10 Meghna Sharp 540 100 12.00 5,50811 Raspit Data Mgt & Tele Comm. 1,500 10 10.00 1,27512 AB Bank Ltd.. 6,022 100 15.00 1,27513 Beximco Pharmachutical Ltd.. 28,888 10 10.00 23314 First Lease Intt. Ltd.. 559 100 10.00 57715 Heidelberg Cement Ltd.. 9,392 100 33.00 3316 Rangpur Foundry Ltd.. 1,000 10 18.00 1,80017 Aramit Cement Ltd.. 6200 100 12.00 12,000

B.Interest Receivable for more than one year 18 Aramit Cement Ltd.. 47519 Beximco Fisheries Ltd..(Deb) 100 214,284 14.00 15,00020 Beximco Fisheries Ltd..(Deb) 100 1,929 14.00 13,50021 Beximco Knitting Ltd.. (Deb) 26 1,712 14.00 3,11622 Beximco Knitting Ltd.. (Deb) 26 1,540 14.00 2,80323 Beximco Fisheries Ltd.. (Deb) 100 1,714 14.00 12,00024 Beximco Fisheries Ltd.. (Deb) 100 1,500 14.00 10,50025 Beximco Knitting Ltd.. (Deb) 26 1,368 14.00 2,49026 Beximco Knitting Ltd.. (Deb) 26 1,196 14.00 2,17727 Beximco Fisheries 100 1,286 14.00 9,00028 Beximco Fisheries 100 1,071 14.00 7,50029 Beximco Knitting 26 1,024 14.00 1,86430 Beximco Knitting 26 852 14.00 1,55131 Aramit Cement Ltd.. 930 1,714 14.00 67,59532 Aramit Cement Ltd.. 930 1,571 14.00 102,30033 Beximco Fisheries 100 857 14.00 6,00034 Beximco Fisheries 100 643 14.00 1,675

122



(TK.)


(percentage)

Amount Receivable (Tk.)

35 Aramit Cement Ltd.. 930 1,428 14.00 93,00036 Aramit Cement Ltd.. 930 1,285 14.00 83,70037 Beximco Fisheries 100 429 14.00 3,00038 Beximco Fisheries 100 214 14.00 1,00039 Aramit Cement Ltd.. 930 1,142 14.00 74,40040 Aramit Cement Ltd.. 930 999 14.00 65,100

C.Dividend Receivable for less than one year. 41 ACI Formalition Ltd.. 5,000 10 30.00 15,00042 Advance Chemical Ind. Ltd.. 24,000 10 120.00 288,00043 Aramit Ltd.. 3,750 10 40.00 15,00044 Bata Shoes Co. Bd 3,260 10 105.00 34,23045 Bay Leasing & Investment 1,000 100 10.00 10,00046 Confidence Cement Co. Ltd.. 16,910 10 25.00 42,27547 Heidlberg Cement Bd. Ltd.. 8,932 100 43.00 384,07648 Jamuna Oil Company Ltd.. 8,200 10 30.00 24,60049 Meghna Petrolium Ltd.. 26,260 10 45.00 118,17050 Progati Insurance Ltd.. 388 100 15.00 5,82051 Rangpur Foundry Ltd.. 1,000 10 21.00 2,10052 Renata Ltd.. 75 100 60.00 4,50053 The Ibn Sina Pharma. Ind. 1,092 100 10.00 10,92054 United Leasing Ltd.. 1,658 100 7.50 12,43555 Square Textile 40 10 16.00 6456 Golden Son Lttd 874 10 5.00 437

Grand Total: 1,692,618

123

FIFTH ICB Mutual Fund Individual Portfolio Report cwiwkó-5.3

Annex -5.3


shares Per

value



Market price per

share


A.1. Shares 1 Al Arafa Islami Bank Ltd.. 19,136 10 13.84 264,764.01 34.20 654,451.00 2 Arab Bangladesh Bank Ltd.. 7,331 10 22.97 168,384.40 851.00 6,238,681.00 3 Bank Asia Limited 2,647 10 82.04 217,152.65 478.25 1,265,927.00 4 BRAC Bank Ltd.. 3,604 10 101.77 366,767.59 480.50 1,731,722.00 5 Dhaka Bank Ltd.. 10,152 10 4.75 48,241.00 44.70 453,794.00 6 Dutch Bangla Bank Limited 393 10 15.21 5,978.70 1,431.25 562,481.00 7 Eastern Bank Ltd.. 7,750 10 44.95 348,333.30 67.90 526,225.00 8 Exim Bank Of Bangladesh Ltd.. 19,689 10 6.73 132,418.17 32.90 647,768.00 9 First Security Bank Ltd.. 80,000 10 10.29 823,541.20 24.90 1,992,000.00

10 I.F.I.C. Bank Ltd.. 2,138 10 518.83 1,109,249.59 799.50 1,709,331.00 11 Islami Bank Ltd.. 5,265 10 163.46 860,593.22 512.50 2,698,312.00 12 Mercantile Bank Limited 1,691 10 46.63 78,851.51 321.00 542,811.00 13 Mutual Trust Bank Ltd.. 4,734 10 270.48 1,285,609.25 376.75 1,783,534.00 14 One Bank Limited 189 10 8.73 1,649.27 505.00 95,445.00 15 Premier Bank Limited 159,692 10 4.04 645,655.02 33.50 5,349,682.00 16 Prime Bank Limited 38,550 10 48.84 1,882,950.00 47.50 1,831,125.00 17 Pubali Bank Ltd.. 2,983 10 2.78 8,307.20 55.30 164,959.00 18 Shahjalal Islami Bank Ltd.. 35,466 10 4.39 155,572.88 38.30 1,358,347.00 19 Social Islami Bank Limited 21,557 10 12.35 266,224.65 22.70 489,343.00 20 Southeast Bank Limited 12,101 10 117.94 1,427,252.23 320.50 3,878,370.00 21 Standard Bank Limited 12,588 10 103.36 1,301,134.40 327.50 4,122,570.00 22 Trust Bank Ltd.. 9,703 10 129.95 1,260,939.75 444.25 4,310,557.00 23 Aramit Cement Ltd. 6,100 10 99.07 604,338.06 1,194.25 7,284,925.00 24 Confidence Cement Ltd.. 16,910 10 27.96 472,836.85 181.40 3,067,474.00 25 Heidelberg Cement Bd. Ltd.. 8,932 10 643.20 5,745,092.96 3,040.00 27,153,280.00 26 Lafarge Surma Cement Ltd.. 500 10 514.41 257,206.89 489.00 244,500.00 27 Bengal Fine Ceramics Ltd.. 1,300 10 100.00 130,000.00 60.00 78,000.00 28 Fu-Wang Ceramics Inds.Ltd.. 1,020 10 99.99 95,685.87 394.25 402,135.00 29 RAK Ceramics (BD) Ltd.. 15,840 10 43.64 691,200.00 105.00 1,663,200.00 30 Shinepukur Ceramics Ltd.. 12,000 10 81.94 983,299.98 51.60 619,200.00 31 BSRM Steels Limited 1,932 10 72.46 140,000.00 1,413.50 2,730,882.00 32 Golden Son Ltd.. 961 10 16.81 16,151.05 69.10 66,405.00 33 Jago Corporation Limited 9,900 10 100.00 990,000.00 100.00 990,000.00 34 Karim Pipe Mills Ltd.. 9,600 10 112.00 1,075,200.00 27.25 261,600.00 35 Olympic Industries Ltd.. 447 10 0.00 0.00 1,902.00 850,194.00 36 Rangpur Foundry Ltd.. 1,000 10 13.90 13,900.00 85.30 85,300.00 37 ACI Formulations Limited 5,000 10 174.00 870,000.00 133.20 666,000.00 38 BATBC 10,649 10 112.75 1,200,652.90 630.90 6,718,454.00 39 Bionic Sea Food Exports Ltd.. 6,500 10 7.08 46,000.00 6.40 41,600.00 40 Fine Foods Limited 466 10 0.00 0.00 64.40 30,010.00 41 Meghna Shrimp Ltd.. 540 10 86.82 46,885.00 115.75 62,505.00 42 BOC Bangladesh Limited. 15,850 10 137.24 2,175,268.93 678.70 10,757,395.00

124


shares Per

value

Average cost

price per share


Market price per

share


43 Dhaka Electric Supply Co. Ltd.. 3,309 10 320.57 1,060,774.54 1,706.50 5,646,808.00 44 Eastern Lubricants 5,000 10 140.53 702,650.00 556.30 2,781,500.00 45 Jamuna Oil Company Ltd.. 9,340 10 119.54 1,116,532.14 258.60 2,415,324.00 46 Meghna Petroleum Ltd.. 22,773 10 109.88 2,502,308.32 188.60 4,294,987.00 47 Padma Oil Company. 21,900 10 14.08 308,301.00 733.20 16,057,080.00 48 Power Grid Co. Bd. Ltd.. 6,047 10 418.75 2,532,184.74 807.75 4,884,464.00 49 Summit Power Ltd.. 10,275 10 31.85 327,300.00 81.50 837,412.00 50 Titas Gas Transmission & D.C. 5,850 10 486.85 2,848,070.91 802.25 4,693,162.00 51 Agni Systems Limited 2,695 10 11.15 30,053.45 43.50 117,232.00 52 Bangladesh Online Limited 136 10 4.4 598.6 105.80 14388.6 53 BD Com Online Limited 411 10 9.12 3,750.00 36.30 14,919.00 54 Agrani Insurance Co. Ltd.. 5,905 10 250.70 1,480,383.50 525.50 3,103,077.00 55 Asia Insurance Limited 16,325 10 12.83 209,454.50 72.60 1,185,195.00 56 Asia Pacific General Insurance 2,200 10 137.51 302,531.20 528.75 1,163,250.00 57 Central Insurance Co.Ltd.. 2,222 100 51.50 113,501.95 713.00 1,584,286.00 58 City General Insurance Co. Ltd.. 49,780 10 11.89 591,669.93 50.90 2,533,802.00 59 Continental Insurance Ltd.. 7,175 10 99.75 715,696.81 538.50 3,863,737.00 60 Dhaka Insurance Limited 1,000 100 122.00 122,000.00 1,187.75 1,187,750.00 61 Estren Insurance Co. Ltd.. 2,894 100 161.20 466,500.00 869.75 2,517,056.00 62 Islam Insurance Bd Ltd.. 850 100 100.00 85,000.00 538.25 457,512.00 63 Janata Insurance Co. Ltd.. 144 100 158.33 22,800.00 631.00 90,864.00 64 Karnafuli Insurance Co.Ltd.. 8,190 10 17.41 142,600.00 62.80 514,332.00 65 Mercantile Insurance Co. Ltd.. 4,540 10 178.84 811,951.18 532.00 2,415,280.00 66 National Life Insurance Co.Ltd.. 505 10 29.70 15,000.00 7,252.00 3,662,260.00 67 Northern General Insurance 836 10 65.63 54,864.86 668.25 558,657.00 68 Paramount Insurance Co. Ltd. 2,530 10 92.28 233,458.65 529.25 1,339,002.00 69 Pioneer Insurance Company 2,900 10 129.66 376,000.00 1,004.25 2,912,325.00 70 Pragati Insurance Ltd.. 388 10 400.06 155,221.70 923.50 358,318.00 71 Prime Insurance Company Ltd. 13,850 10 4.51 62,500.00 72.40 1,002,740.00 72 Prime Islami Life Insurance Ltd.. 16,600 10 4.52 75,000.01 322.60 5,355,160.00 73 Provati Insurance Company 1,050 10 100.00 105,000.00 558.00 585,900.00 74 Republic Insurance Co. Ltd.. 770 10 90.91 70,000.00 629.25 484,522.00 75 Rupali Life Insurance Co. Ltd.. 605 100 90.91 55,000.00 2,602.00 1,574,210.00 76 Sonar Bangla Insurance Ltd. 363 10 123.14 44,700.00 534.75 194,114.00 77 Standard Insurance Ltd.. 1,580 100 90.91 143,636.36 529.50 836,610.00 78 Takaful Islami Insurance Ltd.. 690 100 103.32 71,294.13 774.25 534,232.00 79 DBH First Mutual Fund 25,500 10 10.00 255,000.00 11.80 300,900.00 80 EBL First Mutual Fund 81,500 10 10.00 815,000.00 13.50 1,100,250.00 81 First Janata Bank Mutual Fund 104,000 10 9.20 956,800.00 8.60 894,400.00 82 Grameen One : Scheme Two 27,000 10 10.00 270,000.00 20.70 558,900.00 83 Green Delta Mutual Fund 114,000 10 8.70 991,350.00 8.20 934,800.00 84 Icb Amcl First Mutual Fund 3,300 100 100.00 330,000.00 640.25 2,112,825.00 85 ICB Amcl First Nrb Mutual Fund 800 100 100.00 80,000.00 413.75 331,000.00 86 ICB Amcl Islamic Mutual Fund 8,800 100 100.00 880,000.00 343.00 3,018,400.00 87 ICB Amcl Second Mutual Fund 13,100 100 105.23 1,378,500.00 133.50 1,748,850.00 88 ICB Amcl Secound Nrb M.F. 10,700 100 100.00 1,070,000.00 193.50 2,070,450.00 89 ICB Amcl Third NRB M Fund 93,500 10 9.80 916,000.00 9.70 906,950.00 90 ICB Employees Prov.M.F 101,500 10 10.00 1,015,000.00 12.70 1,289,050.00 91 IFIC Bank 1st Mf 21,500 10 10.00 215,000.00 11.30 242,950.00

125


shares Per

value

Average cost

price per share


Market price per

share


92 IFIL Islamic Mutual Fund-1 135,500 10 8.66 1,173,150.00 7.70 1,043,350.00 93 MBL 1st Mutual Fund 86,000 10 10.00 860,000.00 8.70 748,200.00 94 Phoenix Finance 1st MF 20,000 10 10.00 200,000.00 12.20 244,000.00 95 Popular Life First MF 95,000 10 10.00 950,000.00 8.00 760,000.00 96 Prime Bank 1st Icb Amcl MF 44,000 10 9.86 433,750.00 9.60 422,400.00 97 Prime Finance First Mutual Fund 9,000 10 10.00 90,000.00 19.40 174,600.00 98 Trust Bank 1st Mutual Fund 46,000 10 11.32 520,700.00 12.10 556,600.00 99 Islam Jute Mills Ltd.. 1,500 10 129.00 193,500.00 129.00 193,500.00

100 Aramit limited 3,750 10 55.33 207,500.00 379.00 1,421,250.00 101 Beximco limited(share) 3,180 10 296.54 942,986.81 159.90 508,482.00 102 G.Q. Ball pen ind. Ltd. 22 10 41.18 906.00 224.27 4,934.00 103 Mark BD. Shilpa and eng 5,000 100 200.00 1,000,000.00 17.00 85,000.00 104 Miracle Industries Ltd.. 1,567 10 8.86 13,885.40 30.00 47,010.00 105 Bangladesh Fin. & Inv. Co. Ltd.. 1,070 10 8.10 8,664.08 91.60 98,012.00 106 Bangladesh Inds. Finance Co 3,078 100 97.84 301,157.96 567.50 1,746,765.00 107 Bay Leasing & Investment Ltd.. 500 100 258.33 129,166.67 1,122.00 561,000.00 108 Delta BRAC Housing Finance 773 100 112.51 86,967.37 2,371.25 1,832,976.00 109 Fas Finance & Investment Ltd.. 2,000 100 94.15 188,300.43 506.00 1,012,000.00 110 First Lease International Ltd. 500 100 136.95 68,476.54 1,069.75 534,875.00 111 I P D C 83 100 100.31 8,325.64 391.00 32,453.00 112 Intl. Leasing & Fin. Services 1,436 100 59.00 84,725.01 1,236.50 1,775,614.00 113 Lankabangla Finance Ltd.. 1,069 10 4.16 4,444.40 209.90 224,383.00 114 Phoenix Finance & Inv. Ltd. 1,988 100 98.24 195,301.37 949.00 1,886,612.00 115 Premier Leasing Inter Ltd.. 1,003 100 165.51 166,011.33 733.75 735,951.00 116 Union Capital Limited 4,777 10 2.82 13,461.55 98.00 468,146.00 117 United Leasing Co. Ltd.. 2,901 100 50.74 147,186.56 826.25 2,396,951.00 118 Uttara Finance & Invest. Ltd. 11,572 10 5.36 61,980.00 180.60 2,089,903.00 119 Maq enterprises Ltd.. 5,000 100 100.00 500,000.00 37.75 188,750.00 120 Maq enterprises Ltd.. 2,000 100 100.00 200,000.00 42.75 85,500.00 121 ACI Limited 24,000 10 51.67 1,240,000.00 269.60 6,470,400.00 122 Active Fine Chemicals Limited 6,900 10 8.70 60,000.00 65.80 454,020.00 123 B. C. I. L. 4,110 100 104.39 429,040.00 53.75 220,912.00 124 Beacon Pharmaceuticals Ltd. 111,000 10 10.00 1,110,000.00 32.10 3,563,100.00 125 Beximco Pharmaceuticals Ltd.. 38,954 10 30.17 1,175,434.96 80.40 3,131,901.00 126 Deshbandhu Polymer Limited 2,000 10 10.00 20,000.00 66.60 133,200.00 127 Glaxo Wellcome (Bd) Ltd.. 1,850 10 30.97 57,291.50 973.50 1,800,975.00 128 Ibne Sina Pharma. Ltd.. 1,092 100 144.44 157,726.23 1,330.00 1,452,360.00 129 Imam Button Industries Ltd.. 1,400 100 100.00 140,000.00 373.50 522,900.00 130 Keya Cosmetics Limited 200 10 8.00 1,600.00 87.00 17,400.00 131 Progressive Plastic 1,200 100 104.00 124,800.00 104.00 124,800.00 132 Renata Limited 93 100 3,789.25 352,400.00 10,695.25 994,658.00 133 Salvo Chemical Industry Ltd.. 3,000 10 10.00 30,000.00 54.40 163,200.00 134 Square Pharmaceuticals Ltd.. 22,687 100 855.19 19,401,756.25 3,542.25 80,363,025.00 135 Wata Chemicals Ltd.. 15 100 160.00 2,400.00 270.00 4,050.00 136 Eastern housing limited(share) 200 100 104.52 20,904.40 888.25 177,650.00 137 Summit alliance port Ltd.. 3,812 10 15.07 57,450.84 80.90 308,390.00 138 Apex Adelchi footwear Ltd.. 1,200 100 135.58 162,699.00 3,033.00 3,639,600.00 139 Apex tannery Ltd... 3,890 100 255.26 992,979.48 1,395.50 5,428,495.00

126


shares Per

value

Average cost

price per share


Market price per

share


140 Bata shoes (BD) Ltd... 3,260 10 54.93 179,088.00 632.20 2,060,972.00 141 Excelsior shoes limited 2,500 100 100.00 250,000.00 69.25 173,125.00 142 Grameenphone Ltd.. 72,600 10 73.60 5,343,400.00 163.90 11,899,140.00 143 Alltex Industries Ltd.. 60 100 53.13 3,187.81 213.00 12,780.00 144 Anlima Yarn Dyeing Ltd.. 2,000 100 99.98 199,950.49 402.25 804,500.00 145 Apex Spinning & Knitting 1,840 100 120.00 220,800.00 1,423.50 2,619,240.00 146 Apex Weaving & Finishing Mils 1,554 100 58.50 90,912.50 154.00 239,316.00 147 Ashraf Textile Mills Ltd.. 175 10 6.10 1,068.10 17.80 3,115.00 148 Bd.Dyeing & Finishing Ind 780 100 68.16 53,162.40 64.25 50,115.00 149 Bextex Limited 3,359 10 10.53 35,385.28 33.40 112,190.00 150 H.R.Textile Mills Ltd.. 1,000 100 72.20 72,196.68 493.75 493,750.00 151 Maksons Spinning Mills Ltd.. 165,460 10 20.15 3,333,243.50 44.20 7,313,332.00 152 Malek Spinning Mills Ltd.. 40,000 10 25.00 1,000,000.00 57.10 2,284,000.00 153 Metro Spinning Limited 27,098 10 9.63 260,854.35 59.30 1,606,911.00 154 Mithun Knitting And Dyeing 1,250 100 80.00 100,000.00 1,486.00 1,857,500.00 155 Prime Textile Spin.Mills Ltd.. 2,500 100 148.95 372,367.85 534.50 1,336,250.00 156 R. N. Spinning Mills Limited 3,200 10 6.00 19,197.65 78.40 250,880.00 157 Square Textiles Ltd. 48 10 70.17 3,368.12 139.29 6,686.00 158 Sreepur Textile Mills Ltd.. 5,800 100 97.99 568,315.46 36.75 213,150.00 159 The Dacca Dyein & Man.Co.Ltd. 3,500 10 10.00 35,000.00 57.60 201,600.00

A.2. Debenture 160 Aramit cement Ltd.. (deb) 930 2,500 440.37 409,544.00 440.37 409,544.00 161 Mudaraba perpetual Bond 6,085 1,000 998.74 6,077,350.00 959.50 5,838,557.00

B. Un quoted B.1 Debenture

162 Navana CNG (Deb) 1 2,500,000 2,500,000 500,000.00 500,000 500,000.00

Grand total 2,487,691 109,191,611 374,711,198

127

Investment Corporation of Bangladesh Fifth ICB Mutual Fund cwiwkó-5.4

Statement of Profit on Sale of Securities During 2010-11 Annex-5.4

SL. No. Name of the Company

No. of Shares

Sold

Cost Price per

Share

Selling Price Per

Share

Total Cost Price

Total Selling Price

Total Profit/Loss on sale of Security

1 Al Arafa Islami Bank Ltd. 26,000 23.25 83.52 604,500.00 2,171,520.00 1,567,020.002 AB Bank Ltd. 200 28.91 1450.00 5,782.00 290,000.00 284,218.003 BRAC Bank Ltd. 400 101.77 554.50 40,708.00 221,800.00 181,092.004 Dutch Bangla Bank Ltd. 100 15.21 1285.00 1,521.00 128,500.00 126,979.005 Eastern Bank Ltd. 1,000 69.67 114.70 69,670.00 114,700.00 45,030.006 Exim Bank of Bangladesh Ltd. 15,000 10.30 55.43 154,500.00 831,450.00 676,950.007 First Security Bank Ltd. 24,000 10.31 31.22 247,440.00 749,280.00 501,840.008 Mercantile Bank Ltd. 200 50.93 376.75 10,186.00 75,350.00 65,164.009 Mutual Trust Bank Ltd. 200 305.30 677.00 61,060.00 135,400.00 74,340.00

10 One Bank Ltd. 350 13.52 910.64 4,732.00 318,724.00 313,992.0011 Premier Bank Ltd. 80,750 5.00 44.89 403,750.00 3,624,867.50 3,221,117.5012 Shahjalal Islami Bank Ltd. 22,300 5.93 55.95 132,239.00 1,247,685.00 1,115,446.0013 Social Islami Bank Ltd. 9,000 13.15 23.70 118,350.00 213,300.00 94,950.0014 Southeast Bank Ltd. 2,000 124.55 355.10 249,100.00 710,200.00 461,100.0015 Standard Bank Ltd. 300 113.11 324.67 33,933.00 97,401.00 63,468.0016 Trust Bank Ltd. 500 106.80 664.40 53,400.00 332,200.00 278,800.0017 Aramit Cement Ltd. 100 99.07 1940.00 9,907.00 194,000.00 184,093.0018 Confidence Cement Ltd. 2,000 27.96 267.20 55,920.00 534,400.00 478,480.0019 Lafarge Surma Cement Ltd. 950 514.41 621.89 488,689.50 590,795.50 102,106.0020 M I Cement Factory Ltd. 5,200 111.60 140.11 580,320.00 728,572.00 148,252.0021 RAK Ceramics (BD) Ltd. 3,000 48.00 208.21 144,000.00 624,630.00 480,630.0022 Golden Son Ltd. 8,000 18.37 88.43 146,960.00 707,440.00 560,480.0023 Jamuna Oil Company Ltd. 4,500 145.00 278.48 652,500.00 1,253,160.00 600,660.0024 Meghna Petroleum Ltd. 4,800 116.60 220.75 559,680.00 1,059,600.00 499,920.0025 Titas Gas Transmission Ltd. 100 486.85 840.00 48,685.00 84,000.00 35,315.0026 Agrani Insurance Co. Ltd. 200 250.70 830.00 50,140.00 166,000.00 115,860.0027 Asia Insurance Ltd. 1,000 14.55 70.10 14,550.00 70,100.00 55,550.0028 City General Insurance Ltd. 200 87.71 1190.00 17,542.00 238,000.00 220,458.0029 Continental Insurance Ltd. 1,200 92.19 620.33 110,628.00 744,396.00 633,768.0030 Islami Insurance BD. Ltd. 50 100.00 546.50 5,000.00 27,325.00 22,325.0031 Mercantile Insurance Co. Ltd. 300 178.84 560.25 53,652.00 168,075.00 114,423.0032 Northern General Insu Ltd. 200 75.68 673.00 15,136.00 134,600.00 119,464.0033 Paramount Insurance Co. Ltd. 1,100 92.28 874.00 101,508.00 961,400.00 859,892.0034 Standard Insurance Ltd. 400 90.91 550.00 36,364.00 220,000.00 183,636.0035 DBH First Mutual Fund 3,000 10.00 16.67 30,000.00 50,010.00 20,010.0036 EBL First Mutual Fund 6,000 10.00 17.08 60,000.00 102,480.00 42,480.0037 ICB AMCL Third NRB M F 11,000 10.00 14.55 110,000.00 160,050.00 50,050.0038 IFIC Bank First M F 8,000 10.00 15.75 80,000.00 126,000.00 46,000.0039 Phoenix Finance First M F 3,000 10.00 15.00 30,000.00 45,000.00 15,000.0040 Prime Bank 1st ICB AMCL M F 5,000 10.00 14.64 50,000.00 73,200.00 23,200.0041 Trust Bank First M F 5,000 10.00 16.24 50,000.00 81,200.00 31,200.0042 Bangladesh Fin & Inv Co. Ltd. 4,500 32.39 447.84 145,755.00 2,015,280.00 1,869,525.0043 Bangladesh Inds F Co. Ltd. 1,200 130.65 957.17 156,780.00 1,148,604.00 991,824.0044 Bay Lea & Investment Ltd. 1,000 258.33 1576.80 258,330.00 1,576,800.00 1,318,470.0045 Delta BRAC Housing Fin Cor 100 112.51 2123.00 11,251.00 212,300.00 201,049.0046 FAS Finan & Investment Ltd. 300 94.15 639.00 28,245.00 191,700.00 163,455.00

128


No. of Shares

Sold

Cost Price per

Share

Selling Price Per

Share

Total Cost Price

Total Selling Price

Total Profit/Loss on sale of Security

47 First Lease International Ltd. 300 218.05 971.33 65,415.00 291,399.00 225,984.0048 IPDC 300 146.06 525.42 43,818.00 157,626.00 113,808.0049 International Leasing Fin Ser 800 67.84 1276.05 54,272.00 1,020,840.00 966,568.0050 National Housing Fin & Ser 500 100.00 1067.20 50,000.00 533,600.00 483,600.0051 Peoples Leasi & Finance Ltd. 590 163.44 1275.93 96,429.60 752,798.70 656,369.1052 Phoenix Fin & Invest. Ltd. 800 92.87 1483.88 74,296.00 1,187,104.00 1,112,808.0053 Premier Leasing Inter Ltd. 900 198.58 0.00 178,722.00 - (178,722.00)54 United Leasing Ltd. 740 88.77 0.00 65,689.80 - (65,689.80)55 Uttara Fin & Investment Ltd. 1,000 0.00 427.00 - 427,000.00 427,000.0056 Active Fine Chemicals Ltd. 1,500 10.00 80.47 15,000.00 120,705.00 105,705.0057 Beacon Pharmaceuticals Ltd. 2,500 10.00 87.48 25,000.00 218,700.00 193,700.0058 Beximco Synthetics Ltd. 100 -157.85 559.75 (15,785.00) 55,975.00 71,760.0059 Deshbandhu Polymer Ltd. 3,000 10.00 71.42 30,000.00 214,260.00 184,260.0060 Imam Button Inds Ltd. 1,100 100.00 377.18 110,000.00 414,898.00 304,898.0061 Marico Bangladesh Ltd. 1,000 90.00 565.13 90,000.00 565,130.00 475,130.0062 Salvo Chemical Inds Ltd. 1,500 10.00 50.17 15,000.00 75,255.00 60,255.0063 Square Pharmaceuticals Ltd. 200 855.19 3452.00 171,038.00 690,400.00 519,362.0064 Eastern Housing Ltd. 800 104.52 1479.13 83,616.00 1,183,304.00 1,099,688.0065 Summit Alliance Port Ltd. 1,900 18.84 246.56 35,796.00 468,464.00 432,668.0066 United Airways (BD) Ltd. 2,750 100.00 321.09 275,000.00 882,997.50 607,997.5067 Apex Tannery Ltd. 100 255.26 1545.75 25,526.00 154,575.00 129,049.0068 Grameenphone Ltd. 1,200 70.00 273.23 84,000.00 327,876.00 243,876.0069 Anlima Yarn Dyeing Ltd. 2,550 99.98 459.50 254,949.00 1,171,725.00 916,776.0070 Bextex Ltd. 2,000 10.53 71.50 21,060.00 143,000.00 121,940.0071 H R Textile Mills Ltd. 3,600 85.83 608.94 308,988.00 2,192,184.00 1,883,196.0072 Maksons Spinning Mills Ltd. 51,500 12.32 75.97 634,480.00 3,912,455.00 3,277,975.0073 Malek Spinning Mills Ltd. 5,500 25.00 88.40 137,500.00 486,200.00 348,700.0074 Monno Fabrics Ltd. 1,500 89.76 105.83 134,640.00 158,745.00 24,105.0075 Prime Textile Spin Mills Ltd. 5,600 148.95 634.69 834,120.00 3,554,264.00 2,720,144.0076 R N Spinning Mills Ltd. 13,300 15.47 136.85 205,751.00 1,820,105.00 1,614,354.0077 Square Textiles Ltd. 650 84.20 172.00 54,730.00 111,800.00 57,070.0078 The Dacca Dy & Man Co. Ltd. 14,500 10.00 58.73 145,000.00 851,585.00 706,585.00

Grand Total: 387,980 10,597,185.29 51,817,965.00 41,220,779.71

129

lô AvBwmwe wgDPyq¨vj dvÛ Sixth ICB Mutual Fund

jf¨vsk I my` Avq

2010-11 A_©eQ‡i dvÛ †gvU 69 wU wmwKDwiwUR n‡Z 73.81 j¶ UvKv jf¨vsk I my` eve` Avq K‡i‡Q hvi g‡a¨ 66.61 j¶ UvKv (90.25 kZvsk) 30 Ryb 2011 Zvwi‡Li g‡a¨ bM‡` cvIqv hvq| †Kv¤úvwb wfwËK jf¨vsk I my` Avq Ges cÖvc¨ jf¨vsk I my‡ì we —vwiZ weeiY h_vµ‡g cwiwkó-6.1 Ges cwiwkó-6.2 G †`Lv‡bv n‡q‡Q|


2010-11 A_©eQ‡i G dvÛ 80 wU ‡Kv¤úvwbi wmwKDwiwUR weµq K‡i 541.64 j¶ UvKv g~jabx gybvdv AR©b K‡i‡Q| g~jabx gybvdv AR©‡bi we¯—vwiZ weeiY cwiwkó 6.4 G †`Lv‡bv n‡q‡Q|

Dividend and Income

The Fund has earned an amount of Tk.73.81 lac as dividend and interest from 69 securities during 2010-11 of which, Tk. 66.61 lac (90.25 per cent) was received in cash within 30 June 2011. Details of dividend & interest income and receivables are shown in Annex-6.1 and Annex-6.2 respectively.


During 2010-11, the Fund has earned Tk..541.64 lac as capital gains by selling securities of 80 companies. Details of capital gains are shown in Annex-6.4.


wmwKDwiwU†R wewb‡qvM n‡Z jf¨vsk I my` eve` Avq 73.81 j¶ UvKv, e¨vsK Avgvb‡Zi Dci my 21.94 j¶ UvKv Ges g~jabx gybvdv 541.64 j¶ UvKvmn Av‡jvP¨ A_©eQ‡i G dv‡Ûi †gvU Av‡qi cwigvY `vuovq 644.82 j¶ UvKv| ÷vd LiP, eë¯’vcbv wd, gy ªY I †ókbvix, WvK I Zvi, AvBwmweÕi mv‡_ cwiPvwjZ PjwZ wnmv‡ei my`, e¨vsK PvR©, wewb‡qvM mwÂwZ Ges Ab¨vb¨ LiP eve` †gvU 115.95 j¶ UvKv ev` †`qvi ci dv‡Ûi bxU Avq ùvovq 528.87 j¶ UvKv| c~e©eZx©© eQ‡ii Aew›UZ g~bvdv 298.98 j¶ UvKv †hvM Kivi ci 30 Ryb 2011 Zvwi‡L dv‡Ûi bxU e›Ub‡hvM¨ Av‡qi cwigvY `vuovq 827.84 j¶ UvKv hvi d‡j mvwU©wd‡KU cÖwZ e›Ub†hvM¨ g~bvdvi cwigvY ùvovq 165.57 UvKv |

Income,Expenses and Distributable Income

During the year under review, the Fund has earned a gross income of Tk.644.82 lac by way of dividend and interest income from investment in securities of Tk.73.81 lac interest income of Tk.21.94 lac on bank deposits, capital gains of Tk.541.64 lac. After deducting the total expenses of Tk.115.95 lac incurred as staff expenses, management fee, printing and stationery, postage and telegram, interest on current account with ICB, bank charges, provision against investments and others, the net income of the Fund stood at Tk.528.87 lac. Taking into account the previous year’s undistributed income of Tk. 298.98 lac the Fund had a net distributable income of Tk 827.84 lac. as on 30 June 2011 resulting in distributable income per certificate of Tk.165.57.

jf¨vsk

Av‡jvP¨ dvÛ 2010-11 A_©eQ‡i cÖwZwU 100.00 UvKv g~j¨gv‡bi mvwU©wd‡K‡Ui Rb¨ 95.00 UvKv nv‡i jf¨vsk †NvlYv K‡i‡Q hv c~e©eZx© eQ‡i wQj 75.00 UvKv | jf¨vsk cÖ v‡bi Rb¨ †gvU 475.00 j¶ UvKvi ms¯’vb ivLvi ci dv‡Û 352.84 j¶ UvKv Aew›UZ gybvdv _v‡K| mviYx - 6.1 G dv‡Ûi eQiIqvix jf¨vs‡ki nvi cÖ`wk©Z nj :

Dividend

The Fund has declared dividend at the rate of Tk. 95.00 per certificate of Tk.100.00 each for the year 2010-11, which was Tk. 75.00 per certificate in the previous year. After making provision of Tk.475.00 lac for payment of dividend the Fund has an undistributed income of Tk.352.84 lac. The year-wise dividend performance of the Fund is shown in the Table - 6.1 :

130

Table - 6.1: Year-wise dividend performance Financial year Dividend per

certificate Financial year Dividend per

certificate Financial year Dividend per

certificate 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96

15.50 13.25 6.00 6.00

- 16.00 18.00 20.00

1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03

24.00 18.00 15.00 16.00 17.00 17.50 17.50

2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

17.50 18.50 18.50 23.00 30.00 37.00 75.00 90.00

cÎ‡Kvl

2010-11 A_©eQ‡i G dvÛ KZ©„K 22 wU †Kv¤úvwbi wmwKDwiwU‡R 182.64 j¶ UvKv wewb‡qvM Kiv n‡q‡Q| 30 Ryb 2011 Zvwi‡L G dv‡Ûi cÎ‡Kv‡l 1486.99 j¶ UvKv µqg~‡j¨ 194 wU ‡Kv¤úvwbi wmwKDwiwUR wQj hvi evRvi g~j¨ wQj 4305.13 j¶ UvKv| 30 Ryb 2011 Zvwi‡L dv‡Ûi cÎ‡Kv‡li we —vwiZ weeiY cwiwkó-6.3 G cÖ`wk©Z n‡q‡Q|

Portfolio During 2010-11, the Fund has made an investment of Tk.182.64 lac in securities of 22 companies. As on 30 June 2011 the Fund had securities of 194 companies in its portfolio with a total cost of Tk.1486.99 lac, the market value of which was Tk.4305.13 lac. Details of the portfolio of the Fund as on June 30, 2011 are given in Annex-6.3

30 Ryb 2011 Zvwi‡L cÖwZwU 100.00 UvKv g~j¨gv‡bi lô AvBwmwe wgDPyq¨vj dvÛ mvwU©wd‡K‡Ui jf¨vsk cieZx© bxU m¤c`g~j¨ `uvovq 725.67 UvKv|

2010-11 A_©eQ‡i 100.00 UvKv g~j¨gv‡bi lô AvBwmwe wgDPyq¨vj dv†Ûi mvwU©wd‡KU cÖwZ cÖviw¤¢K I mgvcYx evRvi g~j¨ wQj h_vµ‡g 643.25 UvKv I 673.00 UvKv| 30 Ryb 2011 Zvwi‡L dv‡Ûi mvwU©wd‡KU ‡nvìvi‡`i msL¨v wQj 5775 Rb|

The ex-dividend net asset value per certificate of Sixth ICB Mutual Fund of Tk.100.00 each stood at Tk.725.67 as on 30 June 2011. The opening and closing market price per certificate of of Sixth ICB Mutual Fund of Tk.100.00 each was Tk.643.25 and Tk.673.00 respectively during 2010-11. The number of certificate holders of the Fund was 5775 as on 30 June 2011.

131

AUDITORS’ REPORT

to the Certificate Holders of Sixth ICB Mutual Fund

We have audited the accompanying Financial Statements of Sixth ICB Mutual Fund (the “Fund”) which comprise the Statement of Financial Position as at 30 June 2011, Statement of Comprehensive Income, Statement of changes in equity, Statement of cash flows for the year ended, and a summary of significant accounting policies and other explanatory information. The financial statements of the fund for the year ended 30 June 2010 were jointly audited by Rahman Mostafa Alam & Co., Chartered Accountants and A. Matin & Co., Chartered Accountants who issued unqualified opinion on 25 July 2010.





Opinion

In our opinion, except for the effects on the financial statements of the matter discussed in the emphasis of matter paragraph, the financial statements of the Fund prepared in accordance with Bangladesh Financial Reporting Standards (BFRS), give a true and fair view of the financial position of the Fund as at 30 June 2011 and the results of its financial performance and its cash

132

flows for the year then ended 30 June 2011 and comply with the ICB Ordinance 1976, the Mutual Fund Regulations 1993, the Securities and Exchange Rules 1987 and other applicable laws and regulations.








133

Investment Corporation of Bangladesh Sixth ICB Mutual Fund

Statement of Financial Position as at June 30, 2011 Amount in Taka Notes

30-Jun-11 30-Jun-10

Assets

Investments at Cost 4 148,699,203 122,585,722

Cash at Bank 5 63,380,310 58,315,553


Receivable Installments of Investments 7 5,672,417 5,672,417

Share Application Money 8 - 2,500,000

Other Receivable 9 - 231,944

Total Assets 221,169,925 192,517,973

Liabilities



Provision for dividend & interest receivable 12 2,621,675 2,621,675

Provision for Loss on value of investments 13 52,355,673 42,355,673

Provision for possible fluctuation of investment 14 11,663,000 11,663,000

Other Liabilities 15 1,624,138 158,000 Total Liabilities 87,513,227 74,248,077

Net Assets 133,656,698 118,269,896


Capital Fund 16 50,000,000 50,000,000

General Reserve 17 870,897 870,897

Distributable Income 18 82,785,801 67,398,999 133,656,698 118,269,896

Net Asset Value (NAV) per share : Net assets-at cost 133,656,698 118,269,896 Net assets-at market value 407,837,231 411,923,183 Share of capital stock outstanding 500,000 500,000 Net assets value-at cost 267.31 236.54 Net assets value-at market value 815.67 823.85






134


Statement of Comprehensive Income for the year ended 30 June 2011 Amount in Taka Notes

30-Jun-11 30-Jun-10 Income Dividend and Interest 19 7,380,625 5,970,104 Interest on Bank Deposits 20 2,193,659 874,311 Interest on Current Account with ICB 21 743,287 - Net realized gain on Investment 54,164,202 50,122,888 Others 22 22 286 64,481,795 56,967,589 Expenses Staff Expenses 23 461,990 372,436

Management Fee 24 500,000 500,000

Listing Fee 25 60,000 60,000

Audit Fee 12,000 12,000

Postage & Stamps 36,336 175

Printing & Stationery 33,493 10,769

Interest on Current Account with ICB - 1,256,633

Bank Charges 25,210 76,511

Others 26 465,963 345,646 1,594,992 2,634,170 Net Income before Provision 62,886,804 54,333,419

Provision: Provision for Loss on value of investments 10,000,000 9,000,000 Provision for possible fluctuation of investment - - 10,000,000 9,000,000

Net income for the year 52,886,804 45,333,419

Undistributed Income from previous year 29,898,997 22,065,580

Distributable income carried to balance sheet 82,785,801 67,398,999 Earning per certificate during the year 105.77 90.67






135


Sixth ICB Mutual Fund Statement of Changes in Equity for the year ended 30 June 2011

Particulars Capital Fund General Reserve Distributable

Income Total

Balance as at 01 July 2009 Net Income for the period Dividends

50,000,000 - -

870,897 - -

40,565,580 45,333,419

(18,500,000)

40,565,580 45,333,419

(18,500,000) Balance as at 01 July 2010 Net Income for the period Dividends

50,000,000 - -

870,897 - -

67,398,999 52,886,804

(37,500,000)

67,398,999 52,886,804

(37,500,000) Balance as at 30 June 2011 50,000,000 870,897 82,785,803 82,785,803




As per our report of same date Sd/- Sd/- A. Matin & Co. Syful Shamsul Alam & Co. Chartered Accountants Chartered Accountants Dhaka, 30 July 2011

136

Sixth ICB Mutual Fund

Statement of cash flows for the year ended 30 June 2011 Amount in Taka

30-Jun-11 30-Jun-10

Cash Flows from operating Activities:


Adjustment for: Share Application Money 2,500,000 (2,500,000) Dividend and Interest Receivable (205,658) 864,578 Other Liabilities 1,466,138 (229,577) Other Assets 231,944 10,433,329 Accrued Expenses (50,000) 50,000 Sale/(Purchase) of Marketable Investments (net) (26,113,481) 327,729 Current Account with ICB - (221,085)

Net Cash inflows from operating activities 40,715,747 63,058,393

Cash Flows from financing Activities: Dividend Paid (34,132,704) (22,388,556) Tax at Sources (1,518,284) -

Net Cash Flows from financing Activities: (35,650,988) (22,388,556) Net Increase/(Decrease) in Cash 5,064,757 40,669,837 Cash and cash equivalents at beginning of the year 58,315,553 17,645,716







137

Sixth ICB Mutual Fund Notes to the Financial Statements

as at and for the year ended 30 June 2011 1. The Fund and its activities: 1.1 Status of the fund

Investment Corporation of Bangladesh (ICB) was established in 1976 with the objectives of accelerating industrialization and economic development of the country through development of capital market by mobilizing savings and encouraging and improving the investment climate in the country with particular emphasis placed on broadening the base and scope of investments as well as tapping marginal investors. Keeping in line with these objectives, the Sixth ICB Mutual Fund (the Fund) was established in June 1987, under Regulation 29A of ICB (General) Regulations with a total capital of Tk. 50,00,000.00 divided into 500,000 Certificates of Tk. 100 each. The management of the Fund is vested with ICB.










138

2.5 Reported period




secondary markets.



(iv) Bonus shares i.e. stock dividend received or receivable from various companies is not accounted for as

income rather included in the portfolio to reduce the average cost.

3.2 Taxation


3.3 Cash and Bank


3.4 General:





Amount in Taka

139

30-Jun-11 30-Jun-10 4. Marketable Investments, at Cost 148,699,203 122,585,722

The market value of investments was Tk.430,513,491 at the close of business on June 30, 2011 which indicates a surplus of Tk. 281,814,288 between market price and cost.

(See Annexure-A for details) 5. Cash at Bank Agrani Bank (Amin Court Branch), STD A/c-0002199 58,014 56,347 Agrani Bank (Amin Court Branch), STD A/c-0002345 58,137 56,461 IFIC Bank (Federation Branch), STD A/c-863001162 4,702 5,604 IFIC Bank (Federation Branch), STD A/c-863001567 14,502 15,402 IFIC Bank (Federation Branch), STD A/c-863001435 72,703 72,500 IFIC Bank (Federation Branch), STD A/c-863001724 8,896 628,917 IFIC Bank (Federation Branch), STD A/c-863001311 14,679 583,841 IFIC Bank (Federation Branch), STD A/c-863001897 17,408 1,176,511 IFIC Bank (Federation Branch), STD A/c-863002086 1,502,862 1,477,784 IFIC Bank (Federation Branch), STD A/c-1008-000123-041 19,361 20,118 IFIC Bank (Federation Branch), STD A/c-1008-000227-041 733,909 2,684,920 IFIC Bank (Federation Branch), STD A/c-1008-259-041 60,816 - IFIC Bank (Motijheel Branch), C/A A/c-88911 99,291 7,200 IFIC Bank (Motijheel Branch), STD A/c-2786 40,715,030 31,529,949 Standard Bank (Principal Br) Fixed Deposit A/C 20,000,000 20,000,000 Total: 63,380,310 58,315,553

6. Dividend and Interest Receivable Dividend receivable for more than one year 403,206 403,206 Interest receivable for more than one year 2,294,377 2,407,872 Dividend receivable for less than one year (2,697,583) (2,811,078) Total: 3,417,995 3,212,337 6.1 Movement of Dividend and Interest Receivable Opening Balance 3,212,337 4,076,915 Add: Receivable during the year (2,697,583) (2,811,078) Less: Received during the year 2,903,241 1,946,500 Closing Balance 3,417,995 3,212,337

(See Annexure-C for details)

7. Receivable Instalments of Investments 5,672,417 5,672,417 Outstanding for more than one year Amount in Taka

140

30-Jun-11 30-Jun-10 8. Share Application money

Opening balance 2,500,000 - Add : Priod during the year - 2,500,000 Less: Adjustment during the year (2,500,000) - Closing Balance - 2,500,000 9. Other Receivable - 231,943 10 Accrued Expenses Opening balance 62,000 12,000 Add: Made during the year 12,000 62,000 Less: Adjustment during the year (62,000) (12,000) Closing Balance 12,000 62,000

11 Unclaimed Dividend Opening Balance 17,387,729 21,276,284 Add: Dividend Declared during the year 37,500,000 18,500,000 Less: Dividend paid for previous year (4,466,609) (46,975) Less: Dividend paid for current year (29,666,095) (22,341,580) Less: Tax deducted at source (2007-08) (204,830) - Less: Tax deducted at source (2008-09) (288,129) - Less: Tax deducted at source (2007-08) (1,025,325) - Total: 19,236,741 17,387,72912 Provision for dividend on securities receivable

Opening balance 2,621,675 2,621,675 Less: Write-off during the year - - Closing Balance 2,621,675 2,621,675

13 Provision for Loss on value of investments Opening balance 42,355,673 33,355,673 Add: Provision during the year 10,000,000 9,000,000 Closing Balance 52,355,673 42,355,673

14 Provision for possible fluctuation of investment Opening balance 11,663,000 11,663,000 Add: Provision made during the year - Closing Balance 11,663,000 11,663,000 Amount in Taka

141

30-Jun-11 30-Jun-10 15 Other Liabilities 1,624,138 158,000 16 Capital Fund 50,000,000 50,000,000 The Capital Fund is divided into 5,00,000 certificates of Tk.100 each fully paid up in cash.

17 General Reserve 870,897 870,897

The balance represents forfeited unclaimed dividend up to 2004 over 6 years 18 Distributable Income Opening Balance 67,398,999 40,565,580 Less: Dividend Declared (37,500,000) (18,500,000) 29,898,999 22,065,580 Add: Net Income during the year 52,886,804 45,333,419 Closing Balance 82,785,801 67,398,999

19 Dividend & Interest Earned Dividend 7,210,037 5,169,166 Interest 170,588 800,938 Total: 7,380,625 5,970,104 (See Annexure-B for details) 20 Interest on Bank Deposits Agrani Bank 4,493 3,896 IFIC Bank Ltd. 594,166 870,415 Standard Bank 445,000 - UCBL 1,150,000 - Total: 2,193,659 874,311

21 Interest on CA with ICB 743,287 - The above amount represents interest on CA with ICB, which bears interest @ 12.00% p.a. 22 Other Income 22 286 (Share Splitting Charges) 23. Staff Expenses Basic Salary 190,469 170,216 Allowance 170,381 136,956 Festival Bonus 33,430 24,471 Incentive Bonus 67,710 40,793 Total: 461,990 372,436

Amount in Taka

142

30-Jun-11 30-Jun-10 24. Management Fee 500,000 500,000


25. Listing Fee Dhaka Stock Exchange 30,000 30,000 Chittagong Stock Exchange 30,000 30,000 Total: 60,000 60,000

26. Others Expenses Entertainment 3,000 3,000 Stock Exchange Charge 337,950 198,536 Miscellaneous 4,124 4,500 CDBL Charge 16,361 51,555 Advertisement 54,528 38,055 SEC Yearly Fees 50,000 50,000 Total: 465,963 345,646


There have been few deviations from the requirements of BAS/BFRS which are shown below along with financial impact where applicable:

(a) Investments in quoted and unquoted shares are revalued at year-end at cost price. However, adequate provision are kept when market value is lower than cost price. Investments have not been accounted in market value (MV) which is a very newly adopted accounting standard in Bangladesh. In the Financial Statement this standard has not been considered due to volatile stock market scenario, conservative policy of fund management and prevailing dividend policy of mutual fund. At the year-end market value (for quoted shares) and book value (for unquoted shares) are higher than cost price by Tk.281,814,289.

(b) Investments have been valued on aggregate portfolio basis and provision is required to be made considering overall decrease in the value of investment. The fund maintains both provision for loss on value of investment and provision for possible price fluctuation which is shown in Balance sheet under liabilities amounting to Tk.64,018, 673.

(c) Some disclosure and presentation requirements as per BFRS 7 and BAS 32 regarding risk management have not been made in the financial statements. However, management of the fund is prudent in risk management which is evident from steady growth of the fund. The fund is not exposed to any foreign currency and interest rate risk.

28. Event after the reporting date

The Board of Directors of Investment Corporation of Bangladesh declared cash dividend of Tk. 90 per certificate for the year ended 30 June 2011 in its meeting held on 30 July 2011.



Sixth ICB Mutual Fund

143

Statement of Dividend & Interest Income during 2010-11 cwiwkó-6.1

Annex-6.1

SL. No. Name of the Company No. of Shares

Held Par Value

(TK.)


(Percentage)

Amount of Dividend Received (TK.)

A. Divdend 1 Olympic Industries Ltd. 5.00 100.00 10.00 50.00 2 Pubali Bank Ltd. 3,710.00 10.00 5.00 1,855.00 3 4th ICB M/F 20.00 100.00 125.00 2,500.00 4 Agni Systems Ltd. 2,207.00 10.00 12.50 2,758.75 5 Kohinoor Chamiculs Co. Ltd. 70.00 100.00 40.00 2,800.00

6 S.Alam Cold Rolled Steels Ltd. 600.00 100.00 5.00 3,000.00

7 Orion Infusion Ltd. 320.00 100.00 14.00 4,480.00

8 Reckit Benckiser (Bd) Interm 350.00 10.00 150.00 5,250.00

9 Prime Textile Spinning Mills 500.00 100.00 11.00 5,500.00 10 Niloy Cement Ltd. 7,050.00 10.00 10.00 7,050.00 11 Summit Alliance Port 3,580.00 10.00 20.00 7,160.00

12 Prime Islami Life Insurance 1,529.00 100.00 5.00 7,645.00 13 Delta Brac Housing Ltd. 820.00 100.00 10.00 8,200.00 14 Prime Bank Ltd. 16,500.00 10.00 5.00 8,250.00

15 Eastren Housing Ltd. 340.00 100.00 25.00 8,500.00 16 Summit Alliance Port (Interim) 3,580.00 10.00 30.00 10,740.00 17 H.R Textile Mills Ltd. 2,250.00 100.00 5.00 11,250.00

18 Prime Finance 1st M/F 9,000.00 10.00 20.00 18,000.00

19 Bata Sheo (BD) Ltd. (Interim) 1,340.00 10.00 145.00 19,430.00 20 DBH 1st M/F 28,000.00 10.00 7.00 19,600.00 21 Grameen One: Sehceme 2 10,000.00 10.00 20.00 20,000.00 22 R.A.K Ceramics (BD) Ltd. 23,000.00 10.00 10.00 23,000.00

23 Continental Insurance Ltd. 4,824.00 100.00 5.00 24,120.00

24 Asia Insurance Ltd. 11,000.00 10.00 25.00 27,500.00

25 Apex Adelchi Footwares 690.00 100.00 40.00 27,600.00

26 Dhaka Electric Supply Co. Ltd. 1,926.00 100.00 15.00 28,890.00 27 Prime Bank 1st ICB AMCL M/F 42,500.00 10.00 10.00 42,500.00 28 Power Grid Co. of Bd. Ltd. 4,900.00 100.00 10.00 49,000.00 29 AB Bank Ltd. 3,004.00 100.00 20.00 60,080.00 30 Anlima Yarn Dyeing Ltd. 6,350.00 100.00 10.00 63,500.00

31 BRAC Bank Ltd. 7,285.00 100.00 10.00 72,850.00 32 Malek Spinning Mills Ltd. 80,000.00 10.00 10.00 80,000.00 33 Sotheast Bank Ltd. 9,373.00 100.00 10.00 93,730.00 34 ICB AMCL First NRB M/F 2,850.00 100.00 35.00 99,750.00 35 Glaxo smithkilne Bd. Ltd. 5,250.00 10.00 200.00 105,000.00 SL. No. Name of the Company No. of Shares

Held Par Value

(TK.) Rate of

Dividend Amount of Dividend

Received (TK.)

144

Declared (Percentage)

36 Titas Gas Co. Ltd. 4,800.00 100.00 25.00 120,000.00 37 ICB Employees Prov.M/F One 144,500.00 10.00 11.50 166,175.00 38 ICB AMCL First M/F 3,450.00 100.00 50.00 172,500.00 39 EBL 1st M/F 95,500.00 10.00 20.00 191,000.00 40 BOC Bangladesh Ltd. 19,560.00 10.00 100.00 195,600.00 41 ICB AMCL Second M/F 15,600.00 100.00 14.00 218,400.00 42 ICB AMCL Second NRB M/F 11,750.00 100.00 22.00 258,500.00 43 Delta Spinners Ltd. 29,000.00 100.00 10.00 290,000.00 44 IBBL Mudaraba Perpetual Bond 4,455.00 1,000.00 12.35 550,192.50 45 ICB AMCL Islamic M/F 9,250.00 100.00 35.00 323,750.00 46 Grameenphone Ltd. (Interim) 93,800.00 10.00 35.00 328,300.00 47 Squqre Pharmaceuticals Ltd. 11,862.00 100.00 35.00 415,170.00 48 BOC Bangladesh (Interm) 19,394.00 10.00 250.00 484,850.00 49 Grameenphone Ltd. 93,600.00 10.00 85.00 795,600.00 50 BATBC 23,443.00 10.00 430.00 1,008,049.00 51 ACI Formalition Ltd. 5,000.00 10.00 30.00 15,000.00 52 Advance Chemical Ind. Ltd. 17,712.00 10.00 120.00 212,544.00 53 Ambee Pharma. Ltd. 3,350.00 10.00 30.00 10,050.00 54 Aramit Ltd. 3,750.00 10.00 40.00 15,000.00 55 Bata Shoes Co. Bd 1,340.00 10.00 105.00 14,070.00 56 Bay Leasing & Investment 1,000.00 100.00 10.00 10,000.00 57 Confidence Cement Co. Ltd. 87,260.00 10.00 25.00 218,150.00 58 Eastern Cables Ltd. 64.00 100.00 10.00 640.00 59 Heidlberg Cement Bd. Ltd. 986.00 100.00 43.00 42,398.00 60 Jamuna Oil Company Ltd. 6,000.00 10.00 30.00 18,000.00 61 Meghna Petrolium Ltd. 22,480.00 10.00 45.00 101,160.00 62 National Housing Fin. & Inv. 350.00 10.00 10.00 350.00 63 Progati Insurance Ltd. 236.00 100.00 15.00 3,540.00 64 Reckitt Benckiser Ltd. 300.00 10.00 50.00 1,500.00 65 Renata Ltd. 37.00 100.00 60.00 2,220.00 66 The Ibn Sina Pharma. Ind. 840.00 100.00 10.00 8,400.00 67 United Insuracen Ltd. 584.00 100.00 10.00 5,840.00 68 United Leasing Ltd. 5,540.00 100.00 7.50 41,550.00 Total A = 7,210,037.25


Total B = 170,588.00

Grand Total (A+B) = 7,380,625.25


145

Statement of Dividend and Interest Receivable as on 30 June 2011 cwiwkó-6.2

Annex-6.2


No. of Shares Held

Par Value (TK.)


(Percentage)

Amount Receivable

(TK.)

A. Dividend Receivable for more than one year 1 B.C.I.L. 3,000 100 3.00 7,650.002 B.C.I.L. 3,000 100 10.00 25,500.003 Bangladesh Luggaue Ind. Ltd. 15,000 100 3.00 38,250.004 Bangladesh Zipper Ind. Ltd. 5,150 100 3.00 13,132.505 Bangladesh Dyeing 5,900 100 10.00 50,150.006 BD. Dyeing & Finishing Ind. 5,900 100 10.00 50,150.007 Bd.Zipper 5,150 100 5.00 21,887.508 Chick Textiles Ltd. 48,000 10 3.00 12,240.009 Eastland Insurance Com Ltd. 279 100 10.00 2,790.00

10 Fahad Industries Ltd. 100,000 10 5.00 50,000.0011 M.H. Garments Washing 5,000 100 5.00 21,250.0012 Meghna Ship 10,380 100 12.00 105,876.0013 Raspit Data Mgt & Tele Comm. 1,500 10 10.00 1,275.0014 The Ibne Sina 1,280 100 27.00 229.5015 AB Bank Ltd. 3,265 100 15.00% 375.0016 Beximco Pharmachutical Ltd. 67,817 10 10.00% 15.0017 First Lease Intt. Ltd. 1,526 100 10.00% 1,535.0018 National Tea Company Ltd. 506 100 20.00% 900.00

Total (A) : 403,205.50B. Interest Receivable for more than one year. 1 Beximco Denims Ltd. (Deb) 1,000 2,500.00 14.00 175,000.002 Beximco Denims Ltd. (Deb) 1,000 2,321.00 14.00 162,470.003 Aramit Cement Ltd. (Deb) 949.004 Beximco Fisheries Ltd.(Deb) 442 2,142.84 14.00 66,300.005 Beximco Fisheries Ltd.(Deb) 100 1,928.55 14.00 59,670.006 Beximco Denims Ltd. (Deb) 1,000 2,142.00 14.00 149,940.007 Beximco Denims Ltd. (Deb) 1,000 1,963.00 14.00 137,410.008 Beximco Knitting Ltd. (Deb) 500 1,712.00 14.00 59,920.009 Beximco Knitting Ltd. (Deb) 500 1,540.00 14.00 53,900.00

10 Beximco Fisheries Ltd. (Deb) 442 1,714.26 14.00 53,040.0011 Beximco Fisheries Ltd. (Deb) 442 1,499.97 14.00 46,410.0012 Beximco Denims Ltd.(Deb) 1,000 1,784.00 14.00 124,880.0013 Beximco Denims Ltd.(Deb) 1,000 1,605.00 14.00 112,350.0014 Beximco Synthetics Ltd. (Deb) 80 1,247.00 14.00 6,983.2015 Beximco Knitting Ltd. (Deb) 500 1,368.00 14.00 47,880.0016 Beximco Knitting Ltd. (Deb) 500 1,196.00 14.00 41,860.0017 Beximco Denims 1,000 1,426.00 14.00 99,820.0018 Beximco Denims 1,000 1,247.00 14.00 87,290.0019 Beximco Fisheries 442 1,285.68 14.00 39,780.00SL. NO. Name of the Company No. of

Shares Par Value

(TK.) Rate of

Dividend Amount

Receivable

146

Held Declared (Percentage)

(TK.)

20 Beximco Fisheries 442 1,071.39 14.00 33,150.0021 Beximco Knitting 500 1,024.00 14.00 35,840.0022 Beximco Knitting 500 852.00 14.00 29,820.0023 Aramit Cement Ltd. 764 1,714.00 14.00 55,530.0024 Aramit Cement Ltd. 764 1,571.00 14.00 84,040.0025 Beximco Denims 1,000 1,068.00 14.00 74,760.0026 Beximco Denims 1,000 889.00 14.00 62,230.0027 Beximco Fisheries 442 857.10 14.00 26,520.0028 Beximco Fisheries 442 642.81 14.00 19,890.0029 Beximco Knitting 500 680.00 14.00 23,800.0030 Beximco Knitting 500 508.00 14.00 17,780.0031 Aramit Cement Ltd. 764 1,428.00 14.00 76,400.0032 Aramit Cement Ltd. 764 1,285.00 14.00 68,760.0033 Beximco Denims 1,000 710.00 14.00 49,700.0034 Beximco Denims 1,000 531.00 14.00 37,170.0035 Beximco Fisheries 442 428.52 14.00 13,260.0036 Beximco Fisheries 442 214.23 14.00 4,420.0037 Beximco Knitting 500 336.00 14.00 11,760.0038 Beximco Knitting 500 164.00 14.00 5,840.00

(adjustment Beximco Knitt) (113,495.00)39 Aramit Cement 764 1,142.00 14.00 61,120.0040 Aramit Cement 764 999.00 14.00 53,480.0041 Beximco Denims 1,000 352.00 14.00 24,640.0042 Beximco Denims 1,000 173.00 14.00 12,110.00

Total (B) : 2,294,377.20C. Dividend Receivable for less than one year. 1 ACI Formulation Ltd. 5,000 10 30.00 15,000.002 ACI Ltd. 17,712 10 120.00 212,544.003 Ambee Pharma. Ltd. 3,350 10 30.00 10,050.004 Aramit Ltd. 3,750 10 40.00 15,000.005 Bata Shoes Co. Bangladesh Ltd. 1,340 10 105.00 14,070.006 Bay Leasing & Investment 1,000 100 10.00 10,000.007 Confidence Cement Co. Ltd. 87,260 10 25.00 218,150.008 Eastern Cables Ltd. 64 100 10.00 640.009 Heidelberg Cement Bd. Ltd. 986 100 43.00 42,398.00

10 Jamuna Oil Company Ltd. 6,000 10 30.00 18,000.0011 Meghna Petrolium Ltd. 22,480 10 45.00 101,160.0012 National Housing Fin. & Inv. 350 10 10.00 350.0013 Progati Insurance Ltd. 236 100 15.00 3,540.0014 Reckitt Benckiser Ltd. 300 10 50.00 1,500.0015 Renata Ltd. 37 100 60.00 2,220.0016 The Ibn Sina Pharma. Ind. 840 100 10.00 8,400.0017 United Insurance Ltd. 584 100 10.00 5,840.0018 United Leasing Ltd. 5,540 100 7.50 41,550.00

Total (C) : 720,412.00 Grand Total: (A+B+C): 3,417,994.70

147

Sixth ICB Mutual Fund Statement of Portfolio Position of the Fund as on 30 June 2011 cwiwkó-6.3

Annex – 6.3

Company No. of Shares 30.06.11

Per Value

Average Cost

Price Per Share on


Market Price Per Share on


A. LISTED - SECURITIES / SHARES A.1…Share Banks 1. Al Arafa Islami Bank Ltd. 19,497 10 13.74 267,958.77 34.20 666,797.40

2. Arab Bangladesh Bank Ltd. 3,555 100 13.14 46,706.37 851.00 3,025,305.00

3. Bank Asia Limited 2,600 100 98.08 255,020.00 478.25 1,243,450.00

4. BRAC Bank Ltd 7,085 100 113.73 805,741.97 480.50 3,404,342.60

5. Dhaka Bank Ltd. 11,619 10 4.95 57,492.60 44.70 519,369.30

6. Eastern Bank Ltd. 31,790 10 44.53 1,415,630.80 67.90 2,158,541.00

7. Exim Bank Of Bangladesh Ltd. 62,465 10 9.39 586,340.62 32.90 2,055,098.50

8. First Security Bank Ltd. 129,100 10 10.29 1,328,042.38 24.90 3,214,590.00

9. I.F.I.C Bank Ltd. 4,875 100 867.17 4,227,450.00 799.50 3,897,562.50

10. Islami Bank Ltd. 18,576 100 227.69 4,229,645.53 512.50 9,520,200.00

11. Mercantile Bank Limited 2,251 100 50.44 113,535.28 321.00 722,571.00

12. Mutual Trast Bank Ltd 6,596 100 230.06 1,517,471.68 376.75 2,485,043.00

13. NCC Bank Ltd 74,774 10 3.70 276,462.75 33.90 2,534,838.60

14. National Bank Ltd. 24,372 10 1.77 43,050.66 65.20 1,589,054.40

15. One Bank Ltd. 104 100 (6.14) (638.40) 505.00 52,520.00

16. Premier Bank Ltd 139,942 10 3.79 530,977.20 33.50 4,688,057.00

17. Prime Bank Ltd. 47,275 10 49.40 2,335,375.00 47.50 2,245,562.50

18. Pubali Bank Ltd 5,008 10 3.51 17,564.20 55.30 276,942.40

19. Shahjalal Islami Bank Ltd 162,021 10 4.11 666,242.95 38.30 6,205,404.30

20. Social Investment Bank Ltd. 31,221 10 12.33 385,066.18 22.70 708,716.70

21. Southeast Bank Ltd. 9,947 100 114.89 1,142,771.95 320.50 3,188,013.50

22. Standard Bank Limited 15,922 100 70.47 1,122,085.97 327.50 5,214,455.00

23. Trust Bank Ltd 11,384 100 100.11 1,139,613.43 444.25 5,057,342.00

24.. Aramit Cement Ltd. (Share) 620 100 85.93 53,275.00 1,194.25 740,435.00

25. Confidence Cement Ltd. 87,260 10 32.13 2,803,232.08 181.40 15,828,964.00

26. Heidelberg Cement Bd. Ltd. 986 100 1,074.36 1,059,319.84 3,040.00 2,997,440.00

27. Lafarge Surma Cement Ltd. 300 100 505.45 151,636.39 489.00 146,700.00

28. Rak Ceramic (Bd.) Ltd. 25,300 10 43.64 1,104,000.00 105.00 2,656,500.00

29. Shinepukur Ceramics Ltd. 24,900 10 81.16 2,020,839.98 51.60 1,284,840.00

30. Standard Ceramic Ltd. 315 100 141.26 44,497.60 473.00 148,995.00

31. Aziz Pipes Ltd. 10 100 85.07 850.72 362.00 3,620.00

32. BSRM Steels Ltd. 3,036 100 72.46 220,000.00 1,413.50 4,291,386.00

33. Eastern Cables Ltd. 64 100 7.63 488.60 649.50 41,568.00

148

Company No. of Shares Per Value

Average Cost

Price Per Share




34. Golden Son Ltd. 961 10 20.94 20,127.40 69.10 66,405.10

35. Jago Corporation 9,900 100 100.00 990,000.00 100.00 990,000.00

36. Karim Pipe Mills Ltd 6,430 100 117.14 753,210.20 27.25 175,217.50 37. Olympic Industries Ltd. 4 100 - - 1,902.00 7,608.00 38. S. Alam Cold Rolled Steels Ltd 660 100 298.41 196,950.00 585.25 386,265.00

39. Wonderland Toys Ltd. 3,300 100 100.00 330,000.00 68.25 225,225.00

40. ACI Formulations Ltd. 5,000 10 174.00 870,000.00 133.20 666,000.00

41. Alpha Tobacco Co. Ltd. 7,620 10 37.86 288,476.40 24.60 187,452.00

42. B A T B C 23,200 10 110.93 2,573,535.30 630.90 14,636,880.00

43. Bangas Ltd. 493 100 141.01 69,518.75 1,623.00 800,139.00

44. Dhaka Vegetables Oil Ind. Ltd. 4,200 100 102.40 430,080.00 23.00 96,600.00

45. Froglegs Export Ltd. 1,000 10 22.00 22,000.00 22.00 22,000.00

46. Fu-Wang Foods Ltd. 2,197 10 9.42 20,698.20 53.50 117,539.50

47. Meghna Shrimp Ltd 10,380 100 121.71 1,263,330.00 115.75 1,201,485.00

48. Meghna Vegetables Oil Ind. 4,400 100 91.99 404,762.50 33.25 146,300.00

49. N.T.C 506 100 3.30 1,668.18 4,949.50 2,504,447.00

55. Tripti Industries 130 100 83.33 10,832.90 61.00 7,930.00

52. Boc Bangladesh Ltd 19,394 10 135.35 2,624,972.62 678.70 13,162,707.80

53. Dhaka Electric Supply Co.Ltd 2,176 100 361.33 786,259.68 1,706.50 3,713,344.00

54. Jamuna Oil Co. Ltd. 7,200 10 120.49 867,558.70 258.60 1,861,920.00

55. Meghna Petrolium Ltd. 19,204 10 109.85 2,109,484.50 188.60 3,621,874.40

56. Power Grid Co.Bd. Ltd 6,335 100 498.16 3,155,813.45 807.75 5,117,096.20

57. Summit Power Ltd 15,975 10 38.98 622,719.10 81.50 1,301,962.50

58. Tital Gas Transmission 5,680 100 448.00 2,544,668.03 802.25 4,556,780.00

59. Agni Systems Ltd. 3,510 10 11.70 41,060.00 43.50 152,685.00

60. Bdcom Online Ltd. 67 10 10.43 698.90 36.30 2,432.10

61. Intech Online Ltd. 1,524 10 6.83 10,416.50 26.30 40,081.20

62. Agrani Insurance Co. Ltd. 5,833 100 249.54 1,455,593.55 525.50 3,065,241.50

63. Asia Insurance Ltd. 20,250 10 12.79 259,090.90 72.60 1,470,150.00

64. Asia Pacific General Insurance 2,200 100 137.73 303,000.00 528.75 1,163,250.00

65. Bangladesh General Ins. Co. 37,950 10 13.66 518,505.40 51.30 1,946,835.00

66. Central Insurance Co. Ltd 160 100 - - 713.00 114,080.00

67. City General Insurance Co.. 78,500 10 12.01 942,562.39 50.90 3,995,650.00

68. Continental Insurance Ltd 6,873 100 99.83 686,118.53 538.50 3,701,110.50

69. Dhaka Insurance Ltd. 1,000 100 123.33 123,333.34 1,187.75 1,187,750.00

70. Eastern Insurance Co. Ltd. 381 100 173.63 66,154.20 869.75 331,374.75

71. Eastland Insurance Co. Ltd. 3,544 100 43.06 152,621.44 924.00 3,274,656.00 72. Global Insurance Ltd. 302 100 173.84 52,500.00 706.50 213,363.00 73. Islami Insurance Bd. Ltd. 1,700 100 100.00 170,000.00 538.25 915,025.00

74. Janata Insurance Co. Ltd 268 100 157.59 42,234.40 631.00 169,108.00

149


Average Cost

Price Per Share




75. Karnafuli Insurance Co. Ltd. 13,570 10 11.22 152,311.20 62.80 852,196.00 76. Mercantile Insurance Co. Ltd. 5,200 100 177.91 925,127.27 532.00 2,766,400.00 77. National Life Insurance Co. 967 100 25.85 25,000.00 7,252.00 7,012,684.00 78. Northren General Ins. Co. Ltd. 740 100 67.57 50,000.00 668.25 494,505.00

79. Paramount Insurance Co.Ltd 4,330 10 99.29 429,920.50 529.25 2,291,652.50

80. Pioneer Insurance Co.Ltd 995 10 134.46 133,787.50 1,004.25 999,228.75

81. Pragati Insurance Ltd 236 100 662.62 156,378.19 923.50 217,946.00

82. Prime Insurance Co.Ltd 22,939 10 6.96 159,549.80 72.40 1,660,783.60

83. Prime Islami Life Insurance 20,640 10 4.56 94,166.69 322.60 6,658,464.00

84. Provati Insurance Co. Ltd. 1,050 100 100.00 105,000.00 558.00 585,900.00

85. Republic Insurance Co. Ltd. 1,155 100 90.91 105,000.00 629.25 726,783.75

86. Rupali Insurance Co. Ltd. 10,680 10 5.79 61,808.88 127.30 1,359,564.00

87. Rupali Life Insurance Co. Ltd. 1,210 100 90.91 110,000.00 2,602.00 3,148,420.00

88. Sandhani Life Insurance Co. 12,610 10 2.15 27,117.11 378.10 4,767,841.00

89. Sonar Bangla Insurance Co. 605 100 5.95 75,000.00 534.75 323,523.75

90. Standard Insurance Co. Ltd. 1,760 100 264.46 160,000.00 529.50 931,920.00

91. Takaful Islami Insurance Co. 575 100 28.41 50,000.00 774.25 445,193.75

92. United Insurance Ltd. 641 100 68.72 39,515.00 904.50 579,784.50 93. 4th ICB Mutual Fund 20 100 192.00 3,840.00 2,261.00 45,220.00

94. DBH First Mutual Fund 27,000 10 10.00 270,000.00 11.80 318,600.00

95. EBL First Mutual Fund 95,500 10 10.00 955,000.00 13.50 1,289,250.00

96. First Janata Bank Mutual Fund 138,000 10 1,285,300.00 1,186,800.00

97. Grameen One: Scheme Two 10,000 10 10.00 100,000.00 20.70 207,000.00

98. Green Delta Mutual Fund 117,000 10 1,031,300.00 959,400.00

99. ICB AMCL First Mutual Fund 3,450 100 100.00 345,000.00 640.25 2,208,862.50

100. ICB AMCL First NRB M. Fund 2,850 100 100.00 285,000.00 413.75 1,179,187.50

101. ICB AMCL Islamic M. Fund 9,250 100 100.00 925,000.00 343.00 3,172,750.00

102. ICB AMCL l Second M. F 22,600 100 115.62 2,613,000.00 133.50 3,017,100.00

103. ICB AMCL Second NRB MF 11,750 100 100.00 1,175,000.00 193.50 2,273,625.00

104. ICB AMCL Third NRB M. F 123,000 10 9.85 1,212,000.00 9.70 1,193,100.00

105. ICB Employ. Pro. M.F. One: 144,500 10 10.00 1,445,000.00 12.70 1,835,150.00

106. IFIC Bank 1st M.F 42,500 10 10.00 425,000.00 11.30 480,250.00

107. IFIL Islamic Mutual Fund -1 146,000 10 8.71 1,271,700.00 7.70 1,124,200.00

108. MBL First Mutual Fund 84,500 10 10.00 845,000.00 8.70 735,150.00

109. Phoenix Fin. 1st M.F 33,000 10 10.00 330,000.00 12.20 402,600.00

110. Popular Life First Mutual F 134,500 10 10.00 1,345,000.00 8.00 1,076,000.00

111. Prime Bank 1st ICB AMCL M.F 47,000 10 9.90 465,150.00 9.60 451,200.00

112. Prime Fin. 1st Mutual Fund 9,000 10 10.00 90,000.00 19.40 174,600.00

113. Trust Bank 1st Mutual Fund 150,500 10 12.43 1,871,000.00 12.10 1,821,050.00 114. Aramit Ltd 3,750 10 36.00 135,000.00 379.00 1,421,250.00

150


Average Cost

Price Per Share




115. BD Luggage Ind. (Share) 15,000 100 100.00 1,500,000.00 28.25 423,750.00 116. Beximco Ltd (Share) 1,230 10 70.90 87,204.74 159.90 196,677.00 117. G.Q Ball Pen Ind.Ltd 840 10 78.28 65,755.00 224.30 188,412.00 118. Mark Bd. Shilpa & Eng 5,000 100 200.00 1,000,000.00 17.00 85,000.00 119. Miracle Industries Ltd 2,013 10 8.15 16,412.60 30.00 60,390.00 120. Bangladesh Fin. Co. Ltd. 6,840 10 8.22 56,208.67 91.60 626,544.00 121. Bangladesh Inds. Finance Co. 3,235 100 114.90 371,705.02 567.50 1,835,862.50 122. Bay Leasing & Invest Ltd. 1,000 100 258.33 258,333.35 1,122.00 1,122,000.00 123. Delta BRAC Housing Finance 925 100 112.37 103,946.48 2,371.25 2,193,406.20 124. Fas Finance & Invest Ltd. 4,300 100 105.35 453,018.28 506.00 2,175,800.00 125. Firest Lease International Ltd. 1,116 100 146.38 163,357.20 1,069.75 1,193,841.00 126. IPDC 72 100 82.79 5,960.95 391.00 28,152.00 127. Intl. Leasing & Fin Services 1,537 100 57.65 88,615.37 1,236.50 1,900,500.50 128. National Housing Fin. & Inv. 350 100 100.00 35,000.00 1,066.25 373,187.50 129. People Leasing & Fin. Ser 157 10 10.03 1,575.31 118.60 18,620.20

130. Phoenix Finance & Inv. Ltd 5,020 100 97.40 488,952.14 949.00 4,763,980.00

131. Premier Leasing Int. Ltd. 1,954 100 166.19 324,734.42 733.75 1,433,747.50

132. Union Capital Limited 7,826 10 2.75 21,495.80 98.00 766,948.00

133. United Leasing Co. Ltd 9,696 100 50.52 489,818.31 826.25 8,011,320.00

134. Uttara Finance & Inv. Ltd. 9,000 10 12.01 108,130.46 180.60 1,625,400.00

135. Bangladesh Monos. Paper 66 100 22.73 1,500.00 63.00 4,158.00

136. Maq Enterprise 5,000 100 100.00 500,000.00 37.75 188,750.00

137. Maq Paper Inds.Ltd 6,000 100 100.00 600,000.00 42.75 256,500.00

138. ACI Ltd 17,712 10 57.62 1,020,502.88 269.60 4,775,155.20

139. Active Fine Chemicals Ltd. 3,450 10 30,000.00 65.80 227,010.00

140. Ambee Pharmaceuticals Ltd. 3,350 10 31.94 107,014.59 397.40 1,331,290.00

141. B.C.I.L (Share) 3,000 100 100.00 300,000.00 53.75 161,250.00

142. Beacon Pharmaceuticals Ltd. 111,500 10 10.00 1,115,000.00 32.10 3,579,150.00

143. Beximco Pharmaceuticals Ltd 93,102 10 30.05 2,797,596.35 80.40 7,485,400.80

144. Beximco Synthetics (Share) 15 100 57.24 858.56 432.00 6,480.00

145. Deshbandhu Palymer Ltd. 2,500 10 10.00 25,000.00 66.60 166,500.00

146. Glaxo Wellcome (Bd) Ltd 5,250 10 115.06 604,089.65 973.50 5,110,875.00

147. Ibna Sina Pharma Ltd 840 100 146.16 122,777.27 1,330.00 1,117,200.00

148. Imam Button Industries Ltd 1,300 100 99.77 129,703.79 373.50 485,550.00

149. Kohinoor Chemicales Ltd. 70 100 193.30 13,531.00 2,160.00 151,200.00

150. Petro Synthetic 1,800 10 13.29 23,918.00 7.00 12,600.00

151. Progressive Plastic 2,000 100 118.00 236,000.00 118.00 236,000.00

152. Reckitt Benckiser (Bd.) Ltd. 300 10 107.22 32,165.00 1,213.70 364,110.00

153. Renata Ltd 46 100 3,830.43 176,200.00 10,695.25 491,981.50

154. Salvo Chemical Ind. Ltd. 9,500 10 10.00 95,000.00 54.40 516,800.00

155. Square Pharmaceuticals Ltd 15,770 100 1,130.58 17,829,178.14 3,542.25 55,861,282.50

156. Therapeutics Bd. Ltd. 1,000 100 105.00 105,000.00 410.25 410,250.00

151


Average Cost

Price Per Share




157. Wata Chemicals Ltd 5 100 157.60 788.00 270.00 1,350.00 158. Eastern Housing Ltd (Share) (680) 100 95.96 (65,253.00) 888.25 (604,010.00) 159. Summit Alliance Port Ltd. 4,475 10 11.66 52,193.31 80.90 362,027.50 160. Apex Adelchi Footwear Ltd. 690 100 117.14 80,828.00 3,033.00 2,092,770.00 161. Bata Shoes (Bd.) Ltd. 1,340 10 107.15 143,581.00 632.20 847,148.00 162. Excelsior Shoes Ltd. 15,000 100 100.00 1,500,000.00 69.25 1,038,750.00 163. Sonragon Leather & Footwear 14,350 100 84.70 1,215,387.50 16.00 229,600.00 164. Grameen Phone Ltd. 96,600 10 72.71 7,023,800.00 163.90 15,832,740.00 165. Alltex Inds. Ltd 50 100 57.28 2,863.98 213.00 10,650.00 166. Anlima Yarn Dyeing Ltd 4,500 100 98.98 445,391.33 402.25 1,810,125.00 167. Apex Weaving & Finishing 31,080 100 89.28 2,774,950.00 154.00 4,786,320.00 168. Ashraf Textile Mills Ltd 18,070 10 10.46 188,923.14 17.80 321,646.00

169. Bangladesh Zipper Ind. Ltd. 6,650 100 101.13 672,500.00 43.75 290,937.50

170. Bd Dyeing & Finishing Ind. 5,900 100 113.69 670,775.00 64.25 379,075.00 171. Bextex Ltd 2,922 10 12.56 36,714.29 33.40 97,594.80 172. Chic Tex Ltd. 48,000 10 10.00 480,000.00 2.70 129,600.00 173. Dandy Dyeing Ltd 5,000 100 100.00 500,000.00 98.50 492,500.00 174. Delta Spinners Ltd. 26,080 100 87.66 2,286,293.45 462.75 12,068,520.00 175. Desh Garments Ltd. 4,230 100 100.07 423,283.41 467.00 1,975,410.00 176. Eagle Star Tex. Ltd. 10,650 10 19.13 203,698.00 9.90 105,435.00 177. H.R. Textile Mills Ltd 1,230 100 78.94 97,090.93 493.75 607,312.50 178. M.H. Garments Washi. 5,000 100 100.00 500,000.00 34.75 173,750.00 179. Maksons Spinning Mills Ltd. 528,835 10 18.76 9,921,165.20 44.20 23,374,507.00 180. Malek Spinning Mills Ltd. 80,000 10 25.00 2,000,000.00 57.10 4,568,000.00 181. Mithun Knittin & Dyeing Ltd 1,675 100 80.00 134,000.00 1,486.00 2,489,050.00 182. Monno Fabrics Ltd 50 100 90.92 4,545.91 77.50 3,875.00 183. Quasem Textile 5,000 10 21.00 105,000.00 14.00 70,000.00 184. R.N. Spinning Mills Ltd. 9,600 10 5.44 52,185.18 78.40 752,640.00 185. Sajib Knitw & Garments Ltd. 2,450 100 94.68 231,975.00 37.00 90,650.00 186. Sonargaon Textiles Ltd. 4,106 100 117.12 480,909.10 485.25 1,992,436.50 187. Square Textile Ltd. 48 10 70.17 3,368.12 139.30 6,686.40

188. Sreepur Textile Mills Ltd 15,450 100 99.77 1,541,446.50 36.75 567,787.50

189. Tallu Spinning Mills Ltd. 5,342 100 110.62 590,922.32 608.50 3,250,607.00 190. The Dacca Dyeing & Ma. 2,500 10 10.00 25,000.00 57.60 144,000.00 A.2…..Debenture 191. Aramit Cement Ltd. ( Deb) 764 2,500 335.66 256,442.00 335.66 256,442.00 192. Mudaraba Perpetual Bond 4,455 1,000 998.27 4,447,275.00 959.50 4,274,572.50

B. NON-LISTED - SECURITIES / SHARES B.1...Share 193. Milon Tanneries Ltd. 2,000 100 100.00 200,000.00 100.00 200,000.00

B.2..Debenture

194. Navana CNG (Deb) 1 2,500,000 500,000 500,000.00 500,000 500,000.00

195. Magura Paper (Deb.) 1,000 200 434.63 434,625.00 434.63 434,625.00

GRAND TOTAL 4,065,850.00 148,699,202.70 430,513,491.95

152

Investment Corporation of Bangladesh Sixth ICB Mutual Fund cwiwkó-6.4 Statement of Profit on Sale of Securities during 2010-11 Annex-6.4


No. of Shares

Sold

Cost Price per

Share (Taka)

Selling Price Per

Share (Taka)



Total Profit/Loss on Sale of Security (Taka)

1 Al-Arafa Islami Bank Ltd. 21250 24.85 92.34 528,075.40 1,962,200.00 1,434,124.602 AB Bank Ltd. 200 16.66 1,450.00 3,331.40 290,000.00 286,668.003 BRAC Bank Ltd. 400 113.73 630.44 45,490.02 252,175.00 206,684.984 Dhaka Bank Ltd. 4000 4.95 42.80 19,792.40 171,200.00 151,407.605 Eastern Bank Ltd. 5000 59.23 95.82 296,129.20 479,100.00 182,970.806 Exim Bank of Bangladesh Ltd. 27000 16.39 62.79 442,552.30 1,695,300.00 1,252,747.707 First Security Bank Ltd. 24000 10.31 33.00 247,459.60 792,100.00 544,640.408 Mercantile Bank Ltd. 300 53.24 355.00 15,971.54 106,500.00 90,528.469 Mutual Trust Bank Ltd. 200 253.41 677.00 50,682.14 135,400.00 84,717.86

10 National Bank Ltd. 13000 9.26 174.22 120,357.20 2,264,850.00 2,144,492.8011 One Bank Ltd. 1500 31.92 864.53 47,875.20 1,269,800.00 1,221,924.8012 Premier Bank Ltd. 66000 5.15 51.35 340,228.60 3,389,250.00 3,049,021.4013 Shajalal Islami Bank Ltd. 43100 6.33 62.33 273,007.32 2,686,425.00 2,413,417.6814 Social Islami Bank Ltd. 13000 15.05 32.25 195,676.80 419,200.00 223,523.2015 Southeast Bank Ltd. 2700 126.38 393.46 341,227.49 1,062,350.00 721,122.5116 Standard Bank Ltd. 300 84.53 318.00 25,359.78 95,400.00 70,040.2217 Trust Bank Ltd. 800 104.62 670.63 83,693.00 536,500.00 452,807.0018 Confidence Cement Ltd. 4000 32.13 264.25 128,500.40 1,057,000.00 928,499.6019 Lafarge Surma Cement Ltd. 800 505.45 584.19 404,363.61 467,350.00 62,986.3920 M I Cement Factory Ltd. 5800 111.60 145.71 647,280.00 845,100.00 197,820.0021 RAK Ceramics (BD) Ltd. 3200 48.00 207.95 153,600.00 665,440.00 511,840.0022 Goldon Son Ltd. 30500 17.80 97.27 542,982.60 2,966,750.00 2,423,767.4023 Jamuna Oil Company Ltd. 2000 144.59 299.20 289,186.20 598,400.00 309,213.8024 Meghna Petroleum Ltd. 4400 116.68 220.43 513,370.00 969,900.00 456,530.0025 Tiatas Gas Transmission 100 448.00 840.00 44,800.49 84,000.00 39,199.5126 Agrani Insurance Co. Ltd. 200 249.54 830.00 49,908.92 166,000.00 116,091.0827 Asia Insurance Ltd. 4500 13.54 73.97 60,909.10 332,850.00 271,940.9028 City General Ins. Co. Ltd. 200 90.14 1,190.00 18,028.66 238,000.00 219,971.3429 Continental Insurance Ltd. 1200 92.28 620.33 110,737.67 744,400.00 633,662.3330 Dhaka Insurance Ltd. 200 123.33 1,837.50 24,666.66 367,500.00 342,833.3431 Mercantile Insurance Ltd. 300 177.91 560.25 53,372.73 168,075.00 114,702.2732 Paramount Ins. Co. Ltd. 400 99.29 1,134.00 39,715.52 453,600.00 413,884.4833 DBH First Mutual Fund 3000 10.00 16.67 30,000.00 50,010.00 20,010.0034 EBL First Mutual Fund 6000 10.00 17.08 60,000.00 102,480.00 42,480.0035 ICB AMCL Second NRB M F 500 100.00 248.00 50,000.00 124,000.00 74,000.0036 ICB AMCL Third NRB M F 21000 10.00 14.52 210,000.00 304,920.00 94,920.0037 IFIC Bank First M F 8000 10.00 15.75 80,000.00 126,000.00 46,000.0038 Phoenix Finance First M F 5000 10.00 15.00 50,000.00 75,000.00 25,000.0039 Prime Bank First ICB AMCL M F 5000 10.00 14.64 50,000.00 73,200.00 23,200.0040 Trust Bank First M F 5000 10.00 16.24 50,000.00 81,200.00 31,200.0041 Bangladesh Fin & Inv Co. Ltd. 2600 50.89 694.49 132,314.00 1,805,674.00 1,673,360.0042 Bangladesh Inds Fin. Co. Ltd. 1600 154.36 940.38 246,976.00 1,504,608.00 1,257,632.0043 Bay Leasing & Invest Ltd. 500 258.33 1,990.25 129,165.00 995,125.00 865,960.00

153


No. of Shares

Sold

Cost Price per

Share (Taka)

Selling Price Per

Share (Taka)

Total Cost Pice (Taka)



44 Delta BRAC Housing Fin Ltd. 100 112.37 2,045.00 11,237.00 204,500.00 193,263.0045 FAS Finance and Inves. Ltd. 300 105.35 638.33 31,605.00 191,499.00 159,894.0046 First Lease International Ltd. 500 209.97 995.20 104,985.00 497,600.00 392,615.0047 IPDC 200 90.32 501.00 18,064.20 100,200.00 82,135.8048 International Leas & Fin Ser. 650 68.30 1,271.29 44,395.00 826,338.50 781,943.5049 National Housing Fin Ser Ltd. 150 100.00 1,000.00 15,000.00 150,000.00 135,000.0050 Peoples Leasing & Fin Ltd. 1050 100.02 779.43 105,021.00 818,401.50 713,380.5051 Phoenix Finance & Inv. Ltd. 1200 95.87 1,537.08 115,044.00 1,844,496.00 1,729,452.0052 Premier Leasing Intern. Ltd. 400 199.35 891.19 79,740.00 356,476.00 276,736.0053 United Leasing Co. Ltd. 1260 88.41 1,714.35 111,396.60 2,160,081.00 2,048,684.4054 Uttara Finance & Invest Ltd. 2500 12.90 437.00 32,250.00 1,092,500.00 1,060,250.0055 Active Fine Chemicals Ltd. 1500 10.00 80.47 15,000.00 120,705.00 105,705.0056 Beacon Pharmaceuticals Ltd. 2500 10.00 87.48 25,000.00 218,700.00 193,700.0057 Deshbandhu Polymer Ltd. 2500 10.00 74.30 25,000.00 185,750.00 160,750.0058 Imam Button Inds. Ltd. 700 99.77 403.00 69,839.00 282,100.00 212,261.0059 Marico Bangladesh Ltd. 1000 90.00 565.81 90,000.00 565,810.00 475,810.0060 Salvo Chemical Inds. Ltd. 500 10.00 50.90 5,000.00 25,450.00 20,450.0061 Square Pharmaceuticals Ltd. 200 1130.58 3,452.00 226,116.00 690,400.00 464,284.0062 Eastern Housing Ltd. 1360 95.96 1,238.78 130,505.60 1,684,740.80 1,554,235.2063 Summit Alliance Port Ltd. 1700 14.58 247.48 24,786.00 420,716.00 395,930.0064 United Airways (BD) Ltd. 2600 100.00 306.51 260,000.00 796,926.00 536,926.0065 Grameenphone Ltd. 1200 70.00 273.23 84,000.00 327,876.00 243,876.0066 Anlima yarn dyeing Ltd. 1800 98.98 431.93 178,164.00 777,474.00 599,310.0067 Bextex Ltd. 2000 13.25 71.50 26,500.00 143,000.00 116,500.0068 Delta Spinners Ltd. 3960 87.66 528.52 347,133.60 2,092,939.20 1,745,805.6069 H R Textile Mills Ltd. 3850 97.09 631.32 373,796.50 2,430,582.00 2,056,785.5070 Maksons Spinning Mills Ltd. 89000 13.51 73.21 1,202,390.00 6,515,690.00 5,313,300.0071 Malek Spinning Mills Ltd. 4500 25.00 86.84 112,500.00 390,780.00 278,280.0072 Mithun Knitting & Dyeing Ltd. 200 80.00 1,659.00 16,000.00 331,800.00 315,800.0073 Monno Fabrics Ltd. 950 90.92 101.00 86,374.00 95,950.00 9,576.0074 Prime Textile Spinn Mills Ltd. 1300 77.64 755.54 100,932.00 982,202.00 881,270.0075 R N Spinning Mills Ltd. 20300 13.44 120.89 272,832.00 2,454,067.00 2,181,235.0076 Saiham Textile Mills Ltd. 510 68.39 1,479.02 34,878.90 754,300.20 719,421.3077 Sonargaon Textiles Ltd. 1000 92.42 897.60 92,420.00 897,600.00 805,180.0078 Square Textiles Ltd. 650 84.20 172.00 54,730.00 111,800.00 57,070.0079 Tallu Spinning Mills Ltd. 400 110.62 627.25 44,248.00 250,900.00 206,652.0080 The Dacca Dyeing Co. Ltd. 24500 10.00 59.53 245,000.00 1,458,485.00 1,213,485.00

Grand Total: 517740 12,058,903.76 66,223,105.00 54,164,201.24

154

mßg AvBwmwe wgDPyq¨vj dvÛ Seventh ICB Mutual Fund

jf¨vsk I my` Avq

2010-11 A_©eQ‡i G dvÛ †gvU 76 wU wmwKDwiwUR n‡Z 72.08 j¶ UvKv jf¨vsk I my` eve` Avq K‡i‡Q hvi g‡a¨ 60.23 j¶ UvKv (83.56 kZvsk) 30 Ryb 2011 Zvwi‡Li g‡a¨ bM‡` cvIqv hvq| †Kv¤úvwb wfwËK jf¨vsk I my` Avq Ges cÖvc¨ jf¨vsk I my‡ì we —vwiZ weeiY h_vµ‡g cwiwkó-7.1 Ges cwiwkó-7.2 G †`Lv‡bv n‡q‡Q| wewb‡qvM weµq n‡Z g~jabx gybvdv

2010-11 A_©eQ‡i G dvÛ 89 wU ‡Kv¤úvwbi wmwKDwiwUR weµq K‡i 648.03 j¶ UvKv g~jabx gybvdv AR©b K‡i‡Q| g~jabx g~bvdv AR©‡bi we —vwiZ weeiY cwiwkó - 7.4 G †`Lv‡bv n‡q‡Q|

Dividend and Interest Income The Fund has earned an amount of Tk. 72.08 lac as dividend and interest income from 76 securities during 2010-11 of which, Tk. 60.23 lac (83.56 per cent) was received in cash within 30 June 2011. Details of dividend & interest income and receivables are shown in Annex-7.1 and Annex-7.2 respectively.



Avq, e¨q I eÈb‡hvM¨ gybvdv Income, Expenses and Distributable Income

wmwKDwiwU†R wewb‡qvM n‡Z jf¨vsk I my` eve` Avq 72.08 j¶ UvKv, e¨vsK Avgvb‡Zi Dci my` 37.25 j¶ UvKv Ges g~jabx gybvdv 648.03 j¶ UvKvmn Av‡jvP¨ A_©eQ‡i G dv‡Ûi †gvU Av‡qi cwigvY `vuovq 765.14 j¶ UvKv| ÷vd LiP, eë¯’vcbv wd, gy ªY I †ókbvix, WvK I Zvi , AvBwmweÕi mv‡_ cwiPvwjZ PjwZ wnmv‡ei my`, e¨vsK PvR©, wewb‡qvM mwÂwZ Ges Ab¨vb¨ LiP eve` †gvU 361.03 j¶ UvKv ev` †`qvi ci dv‡Ûi bxU Avq uvovq 404.11 j¶ UvKv| c~e©eZx©© eQ‡ii Aew›UZ g~bvdv 257.31 j¶ UvKv †hvM Kivi ci 30 Ryb 2011 Zvwi‡L dv‡Ûi bxU e›Ub‡hvM¨ Av‡qi cwigvY `vuovq 661.42 j¶ UvKv hvi d‡j mvwU©wd‡KU cÖwZ e›Ub†hvM¨ g~bvdvi cwigvY ùvovq 220.47 UvKv | jf¨vsk

Av‡jvP¨ dvÛ 2010-11 A_©eQ‡i cÖwZwU 100.00 UvKv g~j¨gv‡bi mvwU©wd‡K‡Ui Rb¨ 95.00 UvKv nv‡i jf¨vsk †NvlYv K‡i‡Q hv c~e©eZx© eQ‡i wQj 70.00 UvKv | jf¨vsk cÖ v‡bi Rb¨ †gvU 285.00 j¶ UvKvi ms ’vb Kivi ci dv‡Û 376.42 j¶ UvKv Aew›UZ gybvdv _v‡K| mviYx - 7.1 G dv‡Ûi eQiIqvix jf¨vs‡ki nvi cÖ`wk©Z nj t

During the year under review, the Fund has earned a gross income of Tk 765.14 lac by way of dividend and interest income from investment in securities of Tk. 72.08 lac, interest income of Tk.37.25 lac on bank deposits and capital gains of Tk.648.03 lac. After deducting the total expenses of Tk.361.03 lac incurred as staff expenses, management fee, printing and stationery, postage and telegram, interest on current account with ICB, bank charges, provision against investments and others, the net income of the Fund stood at Tk. 404.11 lac. Taking into account the previous year’s undistributed income of Tk. 257.31 lac, the Fund had a net distributable income of Tk 661.42 lac as on 30 June 2011 resulting in distributable income per certificate of Tk.220.47.

Dividend

The Fund has declared dividend at the rate of Tk. 95.00 per certificate of Tk.100.00 each for the year 2010-11, which was Tk. 70.00 per certificate in the previous year. After making provision of Tk.285.00 lac for payment of dividend the Fund has an undistributed income of Tk.376.42 lac. The Year-wise dividend performance of the Fund is shown in Table-7.1 :

155

Table - 7.1: Year-wise dividend performance Financial year Dividend per certificate Financial year Dividend per certificate

1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03

18.00 21.00 14.00 13.00 13.50 14.00 14.50 14.50

2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

15.00 16.00 16.00 22.50 30.00 35.00 70.00 95.00

cÎ‡Kvl

2010-11 A_©eQ‡i G dvÛ KZ©„K 22 wU †Kv¤úvwbi wmwKDwiwU‡R 206.05 j¶ UvKv wewb‡qvM Kiv n‡q‡Q| 30 Ryb 2011 Zvwi‡L G dv‡Ûi cÎ‡Kv‡l 1555.76 j¶ UvKv µqg~‡j¨ 190 wU †Kv¤úvwbi wmwKDwiwUR wQj hvi evRvi g~j¨ wQj 4444.78 j¶ UvKv| dv‡Ûi cÎ‡Kv‡li we¯—vwiZ weeiY cwiwkó-7.3 G cÖ`wk©Z n‡q‡Q| 30 Ryb 2011 Zvwi‡L cÖwZwU 100.00 UvKv g~j¨gv‡bi mßg AvBwmwe wgDPyq¨vj dvÛ mvwU©wd‡K‡Ui jf¨vsk cieZx© bxU m¤c`g~j¨ `uvovq 1118.89 UvKv|

2010-11 A_©eQ‡i 100.00 UvKv g~j¨gv‡bi mßg AvBwmwe wgDPyq¨vj dv‡Ûi mvwU©wd‡KU cÖwZ cÖviw¤¢K I mgvcYx evRvi g~j¨ wQj h_vµ‡g 996.75 UvKv I 1237.75 UvKv|

30 Ryb 2011 Zvwi‡L dv‡Ûi mvwU©wd‡KU ‡nvìvi‡`i msL¨v wQj 2150 Rb|

Portfolio

During 2010-11, the Fund made investment of Tk.206.05 lac in securities of 22 companies. As on 30 June 2011, the Fund had securities of 190 companies in its portfolio with a total cost of Tk.1555.76 lac, the market value of which was Tk.4444.78 lac. Details of the portfolio of the Fund as on 30 June 2011 are given in Annex-7.3 The ex-dividend net asset value per certificate of Seventh ICB Mutual Fund of Tk.100.00 each stood at Tk. 1118.89 as on 30 June 2011. The opening and closing market price per certificate of Tk.100.00 each of the Seventh ICB Mutual Fund was Tk. 996.75 and Tk. 1237.75 respectively during 2010-11.


156

AUDITORS’ REPORT

to the Certificate Holders of Seventh ICB Mutual Fund

We have audited the accompanying Financial Statements of Seventh ICB Mutual Fund (the “Fund”) which comprise the Statement of Financial Position as at 30 June 2011, Statement of Comprehensive Income, Statement of changes in equity, Statement of cash flows for the year ended, and a summary of significant accounting policies and other explanatory information. The financial statements of the fund for the year ended 30 June 2010 were jointly audited by Rahman Mostafa Alam & Co., Chartered Accountants and A. Matin & Co., Chartered Accountants who issued unqualified opinion on 25 July 2010.





Opinion

In our opinion, except for the effects on the financial statements of the matter discussed in the emphasis of matter paragraph, the financial statements of the Fund prepared in accordance with Bangladesh Financial Reporting Standards (BFRS), give a true and fair view of the financial position of the Fund as at 30 June 2011 and the results of its financial performance and its cash flows for the

157

year then ended 30 June 2011 and comply with the ICB Ordinance 1976, the Mutual Fund Regulations 1993, the Securities and Exchange Rules 1987 and other applicable laws and regulations.








158

Investment Corporation of Bangladesh Seventh ICB Mutual Fund

Statement of Financial Position as at 30 June 2011 Amount in Taka Assets


Investments at cost 4 155,576,155 134,195,756 Cash at Bank 5 103,346,129 60,870,515 Installments receivable on investment 6 6,855,310 6,855,310 Dividend and Interest Receivable 7 3,457,539 4,354,060 Share Application Money 8 - 2,500,000 Others - 338,337 269,235,133 209,113,978

Liabilities

Accrued Expenses 9 12,000 62,000 Unclaimed Dividend 10 7,835,258 7,084,182 Provision for dividend & interest receivable 11 3,238,013 3,238,013 Provision for loss on value of investments 12 55,216,708 44,250,708

Provision for possible fluctuation of price of investments 13 101,344,000 77,610,000

Other Liabilities 14 5,430,465 121,600 173,076,444 132,366,503 Net Assets 96,158,689 76,747,475

Net assets consists of: Capital Fund 15 30,000,000 30,000,000 General Reserve 16 16,039 16,039 Distributable Income 17 66,142,650 46,731,436 96,158,689 76,747,475

Net Asset Value (NAV) per share Net assets-at cost 96,158,689 76,747,475 Net assets-at market value 364,165,895 375,039,000 Share of capital stock outstanding 300,000 300,000 Net assets value-at cost 320.53 255.82 Net assets value-at market value 1,213.89 1,250.13





Sd/- A. Matin & Co.



159


Statement of Comprehensive Income for the year ended 30 June 2011 Amount in Taka Notes

30-Jun-11 30-Jun-10

Income Dividend and Intererst 18 7,207,519 7,204,921 Interest on Bank Deposits 19 3,725,272 861,240 Interest on Current Account with ICB 778,140 - Net realized gain on investment 4,803,042 60,787,213 Others 20 44 66 76,514,017 68,853,440

Expenditure

Staff Expenses 21 461,990 372,436 Management Fee 22 300,000 300,000 Listing Fee 23 40,000 40,000 Audit Fee 12,000 12,000 Postage & Stamps 13,110 175 Printing & Stationery 20,289 10,769 Interest on Current Account with ICB - 1,979,400 Bank Charges 24,452 80,444 Others 24 530,962 396,328 1,402,803 3,191,552


Provision:

for loss on value of investments 0,966,000 9,000,000 for possible fluctuation of price of investments 3,734,000 26,700,000 34,700,000 35,700,000

Net income 40,411,214 29,961,888 Undistributed Income from previous year 5,731,436 16,769,548

Distributable income carried to balance sheet 66,142,650 46,731,436

Earnings per certificate during the year 134.70 99.87

The annexed notes 1 to 26 form an integral part of these financial statements. Sd/- Sd/- Sd/- Sd/-




Sd/- A. Matin & Co.



160


Statement of Changes in Equity for the year ended 30 June 2011

Particulars Capital Fund General Reserve

Distributable Income Total

Balance as at 01 July 2009 30,000,000 16,039 27,269,547 57,285,586 Net income for the year - - 29,961,888 29,961,888 Dividends - - (10,500,000) (10,500,000) Balance as at 30 June 2010 30,000,000 16,039 46,731,436 76,747,475 Net profit for the year - - 40,411,214 40,411,214 Dividends (21,000,000) (21,000,000) Balance as at 30 June 2011 30,000,000 16,039 66,142,650 96,158,689

Sd/- Sd/- Sd/- Sd/-



161


Statement of cash flows for the year ended 30 June 2011

Particulars

Amount in Taka


Cash Flows from Operating Activities: Net Income before provision 5,111,214 65,661,888 Increase / (Decrease) in operating assets and liabilities: Share Application Money 2,500,000 (2,500,000) Dividend and Interest Receivable 896,521 949,832 Other Liabilities 5,308,865 (449,980) Other Assets 338,337 (338,337) Accrued Expenses (50,000) 50,000 Sale/(Purchase) of Marketable Investments -21380399 5,266,124 Current Account with ICB - (7,724,039) Net Cash inflows from operating activities 62,724,538 60,915,488 Cash flows from financing activities: Dividend Paid 18,819,413) (15,094,368) Tax at source paid 1,429,511) - Net Cash used in financing activities (20,248,924) (15,094,368) Net increase/ decrease in cash & cash equivalents 2,475,614 45,821,120 Cash and cash equivalents at beginning of the year 0,870,515 15,049,395







162

Seventh ICB Mutual Fund Notes to the Financial Statements

as at and for the year ended 30 June 2011 1. The Fund and its activities: 1.1 Status of the fund:

Investment Corporation of Bangladesh (ICB) was established in 1976 with the objectives of accelerating industrialization and economic development of the country through development of capital market by mobilizing savings and encouraging and improving the investment climate in the country with particular emphasis placed on broadening the base and scope of investments as well as tapping marginal investors. Keeping in line with these objectives, the Seventh ICB Mutual Fund (the Fund) was established in June 1987, under Regulation 29A of ICB (General) Regulations with a total capital of Tk. 3,00,00,000.00 divided into 3,00,000 Certificates of Tk. 100 each. The management of the Fund is vested with ICB.







These financial statements are prepared in Bangladesh Taka which is the Trust’s functional currency. All financial information presented in Taka and has been rounded off to the nearest integer.



163





secondary markets.


(iii) Dividend income from stock is recognized when shareholders’ right is established. (iv) Bonus shares i.e. stock dividend received or receivable from various companies is not accounted for as income

rather included in the portfolio to reduce the average cost.

3.2 Taxation:

The Fund’s income is exempted from income tax vide Ministry of Finance SRO no. 88-L /80 of 01 April 1980.

3.3 Cash and Bank:


3.4 General: (i) Except for certain expenses reflected in these financial statements all other expenses including premises and

equipment expenses are borne by ICB and, therefore, not reflected in these financial statements.



Amount in Taka

164

30-Jun-11 30-Jun-10 4 Investments at Cost 155,576,155 134,195,756

The market value of investments was Tk. 444,478,216 at the close of business on June 30, 2011 which indicates a surplus of Tk. 288,902,061 between market price and cost.

See annexure-A for details. 5 Cash at Bank Agrani Bank (Amin Court Br), STD A/c-0002207 6,305 6,847 Agrani Bank (Amin Court Br), STD A/c-0002353 60,779 58,981 IFIC Bank (Federation Br), STD A/c-863001179 63,436 63,400 IFIC Bank (Federation Br), STD A/c-863001328 88,660 88,170 IFIC Bank (Federation Br), STD A/c-863001443 78,989 78,672 IFIC Bank (Federation Br), STD A/c-863001575 610,665 601,005 IFIC Bank (Federation Br.), STD A/c-863001732 396,316 390,515 IFIC Bank (Federation Branch), STD A/c-863001906 583,823 574,645 IFIC Bank (Federation Branch), STD A/c-863002094 815,551 802,202 IFIC Bank (Federation Br.), STD A/c-1008-000124-041 19,361 20,118 IFIC Bank (Federation Br.), STD A/c-1008-000228-041 1,492,890 2,076,231 IFIC Bank (Federation Br.), STD A/c-1008-000260-041 327,086 - IFIC Bank (Motijheel Branch), C/A A/c-88928 (251,430) 186,529 IFIC Bank (Motijheel Branch), STD A/c-2794 59,053,698 25,923,201 UCBL (Eskaton Br) Fixed Deposit A/C 40,000,000 30,000,000 103,346,129 60,870,515

6 Installments receivable on investment Opening Balance 6,855,310 7,498,768 Less: Adjustment during the year - 643,458 Outstanding more than one year 6,855,310 6,855,310 7 Dividend and Interest Receivable Dividend receivable 1,809,254 1,501,523 Interest receivable 1,648,285 2,852,537 3,457,539 4,354,060 7.1 Aging analysis Dividend Receivable for less than one year 1,184,980 878,366 Dividend Receivable for more than one year 624,274 623,157 1,809,254 1,501,523 7.2 Movement of Dividend and Interest Receivable Opening balance 4,354,060 5,303,892 Add: Addition during the year 1,184,980 878,366 Less: Received during the year (2,081,501) (1,828,198) Closing balance 3,457,539 4,354,060 See annexure-B for details.

Amount in Taka

165

30-Jun-11 30-Jun-10 8 Share Application Money: Opening balance 2,500,000 - Add: Made during the year - 2,500,000 Less: Adjustment during the year (2,500,000) - Closing balance - 2,500,000

9 Accrued Expenses: Opening balance 62,000 12,000 Add: Made during the year 12,000 62,000 Less: Adjustment during the year (62,000) (12,000) Closing balance 12,000 62,000 10 Unclaimed Dividend: Opening Balance 7,084,182 11,678,551 Add: Dividend declared for the year 2009-2010 21,000,000 10,500,000 Less: Dividend paid from previous year (1,612,540) (44,990) Less: Dividend paid for the year 2009-2010 (17,206,873) (15,049,379) Less: Tax deducted at source (2007-08) (258,764) - Less: Tax deducted at source (2008-09) (315,116) - Less: Tax deducted at source (2009-10) (855,631) - Closing balance 7,835,258 7,084,182 11 Provision for dividend & interest receivable 3,238,013 3,238,013 12 Provision for loss on value of investments: Opening balance 44,250,708 35,250,708 Add: Provision made during the year 10,966,000 9,000,000 Closing balance 55,216,708 44,250,708 13 Provision for possible fluctuation of price of investments Opening balance 77,610,000 50,910,000 Add: Provision made during the year 23,734,000 26,700,000 Closing balance 101,344,000 77,610,000 14 Other Liabilities 5,430,465 121,600 15 Capital Fund 30,000,000 30,000,000 The Capital Fund is divided into 3,00,000 certificate of Tk.100 each fully paid up in cash.

Amount in Taka

166

30-Jun-11 30-Jun-10 16 General Reserve 16,039 16,039 The above amount represents forfeited unclaimed

dividend up to 2004 over 6 years

17 Distributable Income Opening Balance 46,731,436 27,269,548 Less: Dividend Declared (21,000,000) (10,500,000) 25,731,436 16,769,548 Add: Net Income 40,411,214 29,961,888 66,142,650 46,731,43618 Dividend & Interest Dividend 7,036,931 6,425,358 Interest 170,588 779,563 7,207,519 7,204,921 See annexure-C for details 19 Interest on Bank Deposits: Agrani Bank 2,476 2,273 IFIC Bank Ltd. 752,796 108,967 Standard Bank 670,000 750,000 United Commercial Bank Limited 2,300,000 - 3,725,272 861,240 20 Other Income Share Splitting Charges 44 66 21 Staff Expenses: Basic Salary 190,469 170,216 Allowance 170,381 136,956 Festival Bonus 33,430 24,471 Incentive Bonus 67,710 40,793 461,990 372,436 22 Management Fee 300,000 300,000


23 Listing Fee Dhaka Stock Exchange 20,000 20,000 Chittagong Stock Exchange 20,000 20,000 40,000 40,000

167

24 Others Expenses Entertainment 3,000 3,000 Stock Exchange Charge 402,948 242,926 Miscellaneous 4,125 4,500 CDBL Charge 16,361 57,847 Advertisement 54,528 38,055 SEC Yearly Fees 50,000 50,000 530,962 396,32825 Disclosure of deviations from few requirements of BAS/BFRS Few requirements of BAS/BFRS have not been followed while preparing the Financial Statements due

to considering volatile stock market scenario and conservative policy of fund management. The deviations are disclosed below along with financial impact where applicable:

(a) Investments in quoted and unquoted shares are revalued at cost price. Investments are not shown in

market value (MV) which is very new concept in accounting standard in Bangladesh. In the Financial Statement this standard is not considered due to volatile stock market scenario and conservative policy of fund management and prevailing dividend policy of mutual fund. At the year-end market value (for quoted shares) and book value (for unquoted shares) are higher than cost price by Tk.288,902,061

(b) Investments have been valued on aggregate portfolio basis and provision is required to be made considering overall decrease in the value of investment. The fund maintains both provision for loss on value of investment and provision for possible price fluctuation which is shown in Balance sheet under liabilities amounting to Tk.156,560,708

(c) Some disclosure and presentation requirements as per BFRS 7 and BAS 32 regarding risk management have not been made in the financial statements. However, fund management is prudent in risk management which is evident from steady growth of the fund. The fund is not exposed to any foreign currency and interest rate risk.

26 Event after Balance sheet date The board of directors of Investment Corporation of Bangladesh declared cash dividend of Tk. 95 per

certificate for the year ended 30 June 2011 in its meeting held on 30 July 2011.

Sd/- Sd/- Sd/- Sd/-



168

Seventh ICB Mutual Fund Statement of Dividend and Interest Income during 2010-11 cwiwkó-7.1 Annex-7.1

Name of Company Face Value

Div. per Share

(percentage) No. of Share Amount (Tk.)

A. Dividend 1. AB Bank Ltd. 100 20.00 1,464 29,280.002. ACI Formulation Ltd. 10 30.00 5,000 15,000.003 Advance Chemical Ind. Ltd. 10 120.00 28,380 340,560.004. Aftab Automobiles Ltd. 10 10.00 1,420 1,420.005. Agni Systems Ltd. 10 12.50 796 995.006. Agricultural Marketing Co. Ltd. 100 30.00 20 600.007. Agricultural Marketing Ltd. 100 30.00 10 300.008. Anlima Yarn Dyeing Ltd. 100 10.00 4,000 40,000.009. Apex Adelchi Foot wares 100 40.00 90 3,600.0010. Apex Spinning & Knitting Mills 100 15.00 2,900 43,500.0011.Apex Tannery Ltd. 100 25.00 625 15,625.0012.IBBL Mudaraba Perpetual Bond 1000 12.35 9,160 1,131,260.0013. Aramit Ltd. 10 40.00 13,800 55,200.0014. Asia Insurance Ltd. 10 25.00 11,000 27,500.0015. BATBC 10 430.00 2,732 117,476.0016. Bay Leasing & Investment 100 10.00 1,000 10,000.0017. BOC Bangladesh Ltd. 10 250.00 5,900 147,500.0018. BOC Bangladesh Ltd. 10 100.00 5,900 59,000.0019. BRAC Bank Ltd. 100 10.00 1,427 14,270.0020. Confidence Cement Co. Ltd. 10 25.000 47,730 119,325.0021. Continental Insurance Ltd. 100 5.00 4,829 24,145.0022. DBH 1st M/F 10 7.00 23,000 16,100.0023. Delta BRAC Housing Ltd. 100 10.00 595 5,950.0024. Delta Spinners Ltd. 100 10.00 39,940 399,400.0025. Dhaka Electric Supply Co. Ltd. 100 15.00 1,068 16,020.0026. Dutch Bangla Bank Ltd. 100 30.00 987 29,610.0027. Eastern Cables Ltd. 100 10.00 1,020 10,200.0028. Eastern Housing Ltd. 100 25.00 500 12,500.0029. Eastern Lubricants Ltd. 10 30.00 1,150 3,450.0030. EBL 1st M/F 10 20.00 93,000 186,000.0031. Grameen One: Sehceme 2 10 20.00 8,000 16,000.0032. Grameenphone Ltd. 10 85.00 95,400 810,900.0033. Grameenphone Ltd. (Interim) 10 35.00 95,600 334,600.0034. Green Delta Insurance 10 40.00 700 2,800.0035. H.R Textile Mills Ltd. 100 5.00 2,250 11,250.0036. Hakkani Pulps Paper 10 5.00 1,000 500.0037. Heidelberg Cement Bd. Ltd. 100 43.00 8,298 356,814.0038. ICB AMCL First M/F 100 50.00 2,750 137,500.0039. ICB AMCL First NRB M/F 100 35.00 3,100 108,500.0040. ICB AMCL Islamic M/F 100 35.00 13,950 488,250.00

169

Name of Company Face Value

Div. per Share

(percentage) No. of

Share Amount (Tk.)

41. ICB AMCL Second M/F 100 14.00 16,450 230,300.0042. ICB AMCL Second NRB M/F 100 22.00 10,000 220,000.0043. ICB Employees Prov. M/F One 10 11.50 151,500 174,225.0044. Jamuna Oil Company Ltd. 10 30.00 10,500 31,500.0045. Kaya Cosmetics Ltd. 10 15.00 1,800 2,700.0046. Malek Spinning Mills Ltd. 10 10.00 40,500 40,500.0047. Meghna Petroleum Ltd. 10 45.00 24,412 109,854.0048. Monno Jute Stafllers Ltd. 100 15.00 75 1,125.0049. National Polymer Inds. Ltd. 100 18.00 5,530 99,540.0050. Niloy Cement Ltd. 100 10.00 30 300.0051. Olympic Industries Ltd. 100 10.00 350 3,500.0052. Orion Infusion Ltd. 100 14.00 20 280.0053. Power Grid Co. of Bd. Ltd. 100 10.00 6,500 65,000.0054. Prime Bank 1st ICB AMCL M/F 10 10.00 28,500 28,500.0055. Prime Bank Ltd. 10 5.00 11,000 5,500.0056. Prime Finance 1st M/F 10 20.00 7,500 15,000.0057. Prime Islami Life Insurance 100 5.00 1,100 5,500.0058. Prime Textile Spinning Mills 100 11.00 500 5,500.0059. Progati Insurance Ltd. 100 15.00 100 1,500.0060. Pubali Bank Ltd. 10 5.00 18,590 9,295.0061. R.A.K Ceramics (BD) Ltd. 10 15.00 21,600 32,400.0062. Rangpur Foundry Ltd. 10 21.00 1,500 3,150.0063. Reckit Benckiser (Bd) Interm 10 150.00 3,800 57,000.0064. Reckitt Benckiser Ltd. 10 50.00 3,800 19,000.0065. Sotheast Bank Ltd. 100 10.00 11,356 113,560.0066. Squqre Pharmaceuticals Ltd. 100 35.00 11,100 388,500.0067. Summit Alliance Port 10 20.00 5,370 10,740.0068. Summit Alliance Port (Interim) 10 30.00 5,370 16,110.0069. The Ibn Sina Pharma. Ind. 100 10.00 840 8,400.0070. Titas Gas Co. Ltd. 100 25.00 3,800 95,000.0071. United Insurance Ltd. 100 10.00 894 8,940.0072. United Leasing Ltd. 100 7.50 12,172 91,290.0073. Square Textile 10 16.00 64.00 64.0074. National Housing Ltd 10 10.00 200.00 200.0075. BD Welding 10 5.00 57.50 57.50B. Interest 76. Navana CNG (Deb) 170,588 Grand Total 7,207,519

170

Seventh ICB Mutual Fund Statement of dividend and Interest receivable for FY-2010-11 cwiwkó-7.2

Annex-7.2

Name of the Company No. of Shares Held

Par

Value (Tk.)


(Percentage)

Amount

Receivable (Tk.)

A.Dividend Receivable for more than one year. 1. Anlima Yarn Dyeing Ltd. 600 2. Apex Weaving & Finishing Mills Ltd. 213 3. Bangladesh Zipper Ind. Ltd. 6000 100 3.00 15,300 4. BD Luggage 10000 100 3.00 25,500 5. BD. Dyeing 2000 100 10.00 17,000 6. BD. Zipper 6000 100 5.00 25,500 7. Beximco Denims Ltd. 13600 100 30.00 346,800 8. Chictex Ltd. 62000 10 3.00 15,810 9. Eastern Cables Ltd. 200 100 10.00 2,000 10. Fahad Industries Ltd. 100000 10 5.00 50,000 11. GQ Ball Pen Inds. Ltd. 920 10 25.00 2,300 12. M.H. Garments Washing Ltd. 5000 100 5.00 21,250 23. Meghna Shrimp 7320 100 12.00 74,664 24. Rangpur Foundry Ltd. 1350 100 16.00 21,600 25. AB Bank Ltd. 1490 100 15.00 795 26. First Lease Finance Ltd. 500 100 10.00 500

27. ICB 1st NRB Mutual Fund 3250 100 15.50 2,325

28. Sonargaon Textiles Ltd. 19750 100 5.00 1,000

29. Beximco Synthetic Ltd. 149 100 7.50 1,118 Total (A) : 624,274

B.Interest Receivable for more than one year 1. Beximco Textiles Ltd.(Deb) 1000 3000 14.00 210,000 2. Aramit Cement Ltd. (Deb) 0 0 - 949 3. Bangladesh Welding Electrodes Ltd. 92 2500 14.00 17,250 4. Bangladesh Welding Electrodes Ltd. 92 2500 15.00 17,250 5. Bangladesh Welding Electrodes Ltd. 92 2500 14.00 17,250 6. Bangladesh Welding Electrodes Ltd. 92 2500 15.00 17,250 7. Bangladesh Welding Electrodes Ltd. 92 2000 15.00 13,800 8. Aramit Cement Ltd. 946 1714 14.00 68,758 9. Aramit Cement Ltd. 946 1571 14.00 104,060 10. Aramit Cement Ltd. 946 1428 14.00 94,600 11. Aramit Cement Ltd. 946 1285 14.00 85,140 12. Bangladesh Welding Ltd. 92 1400 15.00 9,660 13. Bangladesh Welding Ltd. 92 1200 15.00 8,280 14. Aramit Cement 946 1142 14.00 75,680 15. Aramit Cement 946 999 14.00 66,220 16. BD Welding 92 1000 15.00 6,900 17. BD Welding 92 800 15.00 5,520 18. Beximco Denims 500 1247 14.00 43,645 19. Beximco Fisheries 1000 1286 14.00 90,000 20. Beximco Fisheries 1000 1071 14.00 75,000

171

Name of the Company No. of Shares Held

Par Value (Tk.)


(Percentage)

Amount

Receivable (Tk.)

B.Interest Receivable for more than one year (contd..) 1. Beximco Knitting 800 1024 14.00 57,344 2. Beximco Knitting 800 852 14.00 47,712 3. Beximco Tex. 400 1426 14.00 39,928 4. Beximco Tex. 400 1247 14.00 34,916 5. Bangladesh Welding Ltd. 92 1800 15.00 12,420 6. Bangladesh Welding Ltd. 92 1600 15.00 11,040 7. Beximco Denims 500 1068 14.00 37,380 8. Beximco Denims 500 889 14.00 31,115 9. Beximco Fisheries 1000 857 14.00 60,000 10. Beximco Fisheries 1000 643 14.00 45,000 11. Beximco Knitting 800 680 14.00 38,080 12. Beximco Knitting 800 508 14.00 28,448 13. Beximco Textiles 400 1068 14.00 29,904 14. Beximco Textiles 400 889 14.00 24,892 15. Beximco Denims 500 710 14.00 24,850 16. Beximco Denims 500 531 14.00 18,585 17. Beximco Fisheries 1000 429 14.00 30,000 18. Beximco Fisheries 1000 214 14.00 10,000 19. Beximco Knitting 800 336 14.00 18,816 20. Beximco Knitting 800 16 14.00 763 21. Beximco Textiles 400 710 14.00 19,880

Total (B) : 1,648,285 C.Dividend Receivable for less than one year. 1. ACI Formulation Ltd. 5000 10 30.00 15,000 2. Advance Chemical Ind. Ltd. 28380 10 120.00 340,560 3. Aramit Ltd. 13800 10 40.00 55,200 3. Bay Leasing & Investment 1000 100 10.00 10,000 4. Confidence Cement Co. Ltd. 47730 10 25.00 119,325 5. Eastern Cables Ltd. 1020 100 10.00 10,200 6. Green Delta Insurance 700 10 40.00 2,800 7. Heidelberg Cement Bd. Ltd. 8298 100 43.00 356,814 8. Jamuna Oil Company Ltd. 10500 10 30.00 31,500 9. Meghna Petroleum Ltd. 24412 10 45.00 109,854 10. Monno Jute Stafllers Ltd. 75 100 15.00 1,125 11. Progati Insurance Ltd. 100 100 15.00 1,500 12. Rangpur Foundry Ltd. 1500 10 21.00 3,150 13. Reckitt Benckiser Ltd. 3800 10 50.00 19,000 14. The Ibn Sina Pharma. Ind. 840 100 10.00 8,400 15. United Insurance Ltd. 894 100 10.00 8,940 16. United Leasing Ltd. 12172 100 7.50 91,290 17. Square Textile 40 10 16.00 64 18. National Housing Ltd 200 10 10.00 200 19. BD Welding 115 10 5.00 58

Grand Total: 3,457,539

172

Seventh ICB Mutual Fund Individual Portfolio Report cwiwkó-7.3

Annex – 7.3


shares Per value Average

cost price per share




1 Al Arafa Islami Bank Ltd. 21,397 10.00 13.73 293,869 34.20 731,777 2 Arab Bangladesh Bank Ltd. 1,792 100.00 6.89 12,339 851.00 1,524,992 3 Bank Asia Ltd. 2,240 100.00 95.69 214,354 478.25 1,071,280 4 Brac Bank Ltd. 1,427 100.00 95.65 136,488 480.50 685,673 5 City Bank Ltd. 5,806 100.00 180.88 1,050,163 569.75 3,307,968 6 Dhaka Bank Ltd. 19,475 10.00 3.88 75,607 44.70 870,532 7 Dutch Bangla Bank Ltd. 987 100.00 15.20 15,000 1,431.25 1,412,643 8 Eastern Bank Ltd. 21,560 10.00 44.60 961,657 67.90 1,463,924 9 Exim Bank Of Bangladesh Ltd 12,852 10.00 8.16 104,875 32.90 422,830

10 First Security Bank Ltd. 181,020 10.00 11.06 2,002,633 24.90 4,507,398 11 I.F.I.C. Bank Ltd. 3,930 100.00 786.81 3,092,169 799.50 3,142,035 12 Islami Bank Ltd. 10,006 100.00 179.58 1,796,844 512.50 5,128,075 13 Mercantile Bank Ltd. 2,036 100.00 64.56 131,439 321.00 653,556 14 Mutual Trust Bank Ltd. 7,726 100.00 242.98 1,877,227 376.75 2,910,770 15 N C C Bank Ltd. 53,631 10.00 3.63 194,727 33.90 1,818,090 16 One Bank Ltd. 237 100.00 24.01 5,690 505.00 119,685 17 Premier Bank Ltd. 55,944 10.00 3.78 211,686 33.50 1,874,124 18 Prime Bank Ltd. 39,850 10.00 46.93 1,870,250 47.50 1,892,875 19 Pubali Bank Ltd. 25,096 10.00 3.48 87,431 55.30 1,387,808 20 Shahjalal Islami Bank Ltd. 33,944 10.00 4.67 158,628 38.30 1,300,055 21 Social Islami Bank Ltd. 51,950 10.00 12.50 649,243 22.70 1,179,265 22 Southeast Bank Ltd. 12,327 100.00 115.80 1,427,463 320.50 3,950,803 23 Standard Bank Ltd. 17,423 100.00 94.94 1,654,163 327.50 5,706,032 24 Trust Bank Ltd. 11,742 100.00 127.76 1,500,185 444.25 5,216,383 25 Aramit Cement Ltd. (Share) 30 100.00 100.00 3,000 1,194.23 35,827 26 Confidence Cement Ltd. 47,730 10.00 31.86 1,520,852 181.40 8,658,222 27 Heidelberg Cement Bd. Ltd. 8,318 100.00 709.32 5,900,146 3,040.00 25,286,720 28 Lafarge Surma Cement Ltd. 1,500 100.00 511.67 767,500 489.00 733,500 29 Fu-Wang Ceramics Inds.Ltd. 331 100.00 99.02 32,775 394.25 130,496

30 Monno Ceramic Industries Ltd.

2,951 100.00 232.76 686,889 723.75 2,135,786

31 Rak Ceramics(Bangladesh) Ltd.

23,760 10.00 43.64 1,036,800 105.00 2,494,800

32 Shinepukur Ceramics Ltd. 12,000 10.00 81.93 983,200 51.60 619,200 33 Standard Ceramic Ltd. 420 100.00 141.32 59,354 473.00 198,660 34 Aftab Automobiles Ltd. 3,276 10.00 1.76 5,771 275.20 901,555 35 Aziz Pipes Ltd. 30 100.00 66.33 1,990 362.00 10,860 36 Bsrm Steels Ltd. 3,726 100.00 72.46 270,000 1,413.50 5,266,701 37 Eastern Cables Ltd. 1,020 100.00 159.11 162,296 649.50 662,490 38 Golden Son Ltd. 136 10.00 20.77 2,825 69.10 9,397 39 Jago Corporation Ltd. 9,850 100.00 100.00 985,000 100.00 985,000 40 Monno Jute Stafllers 75 100.00 302.00 22,650 2,491.00 186,825 41 Olympic Industries Ltd. 536 100.00 77.29 41,427 1,902.00 1,019,472 42 Quasem Drycell Ltd. 8,060 10.00 13.71 110,467 86.20 694,772 43 Rangpur Foundry Ltd 1,500 10.00 12.79 19,180 85.30 127,950

173


shares Per

value





44 Wonderland Toys Ltd. 3,000 100.00 100.00 300,000 68.25 204,750 45 Aci Formulations Ltd. 5,000 10.00 174.00 870,000 133.20 666,000 46 Agricultural Marketing Co.Ltd. 10 100.00 246.85 2,469 1,526.70 15,267 47 Alpha Tobacco Co. Ltd. 3,400 10.00 58.98 200,535 24.60 83,640 48 B A T B C 2,525 10.00 170.19 429,741 630.90 1,593,022 49 Bangas Ltd. 231 100.00 127.35 29,417 1,623.00 374,913 50 Fu-Wang Foods Ltd. 2,827 10.00 9.54 26,974 53.50 151,244 51 Gulf Foods Ltd. 500 100.00 126.90 63,450 170.75 85,375 52 Meghna Shrimp Ltd. 7,320 100.00 82.87 606,575 115.75 847,290 53 Meghna Vegetable Oil Ind.Ltd. 4,800 100.00 94.99 455,975 33.25 159,600 54 Bangladesh Welding Electrodes 805 10.00 9.69 7,800 57.00 45,885 55 Boc Bangladesh Ltd.. 5,900 10.00 130.21 768,261 678.70 4,004,330 56 Dhaka Electric Supply Co. Ltd. 1,388 100.00 244.12 338,835 1,706.50 2,368,622 57 Eastern Lubricants 1,150 10.00 154.00 177,100 556.30 639,745 58 Jamuna Oil Company Ltd. 12,600 10.00 119.58 1,506,756 258.60 3,258,360 59 Meghna Petroleum Ltd. 20,832 10.00 109.87 2,288,765 188.60 3,928,915 60 Power Grid Co. Bd. Ltd. 8,275 100.00 460.93 3,814,214 807.75 6,684,131 61 Summit Power Ltd. 11,465 10.00 37.05 424,800 81.50 934,397 62 Titas Gas Transmission & D.C.L 5,480 100.00 547.96 3,002,842 802.25 4,396,330 63 Agni Systems Ltd. 1,208 10.00 10.73 12,960 43.50 52,548 64 Bdcom Online Ltd. 280 10.00 9.83 2,751 36.30 10,164 65 Agrani Insurance Co. Ltd. 7,995 100.00 252.54 2,019,088 525.50 4,201,372 66 Asia Insurance Ltd. 20,250 10.00 12.79 259,091 72.60 1,470,150 67 Asia Pacific General Insurance 3,756 100.00 149.93 563,136 528.75 1,985,985 68 Bangladesh Gen. Insurance Co. 43,140 10.00 14.65 631,986 51.30 2,213,082 69 Central Insurance Co.Ltd. 1,378 100.00 31.50 43,403 713.00 982,514 70 City General Insurance Co. Ltd. 61,880 10.00 12.12 750,086 50.90 3,149,692 71 Continental Insurance Ltd. 6,881 100.00 99.77 686,534 538.50 3,705,418 72 Dhaka Insurance Ltd. 550 100.00 121.54 66,846 1,187.75 653,262 73 Federal Insurance Co. Ltd. 40,140 10.00 8.19 328,548 143.20 5,748,048 74 Global Insurance Ltd. 363 100.00 174.38 63,300 706.50 256,459 75 Green Delta Insurance 700 10.00 136.10 95,270 184.70 129,290 76 Islami Insurance Bd Ltd. 1,500 100.00 100.00 150,000 538.25 807,375 77 Karnafuli Insurance Co. Ltd. 1,020 10.00 17.45 17,800 62.80 64,056 78 Mercantile Insurance Co. Ltd. 6,190 100.00 178.08 1,102,290 532.00 3,293,080 79 Nitol Insurance Company Ltd. 336 100.00 299.11 100,500 661.00 222,096 80 Northern General Insurance 295 100.00 67.80 20,000 668.25 197,133 81 Paramount Insurance Co. Ltd 4,130 100.00 96.65 399,155 529.25 2,185,802 82 Phoenix Insurance Co. Ltd. 15,327 10.00 0.00 0 87.70 1,344,177 83 Pioneer Insurance Company 1,087 100.00 129.71 141,000 1,004.25 1,091,620 84 Pragati Insurance Ltd. 100 100.00 1,534.00 153,400 923.50 92,350 85 Prime Insurance Company Ltd 51,965 10.00 7.78 404,228 72.40 3,762,266 86 Prime Islami Life Insurance Ltd. 14,850 10.00 4.49 66,667 322.60 4,790,610 87 Provati Insurance Company Ltd. 1,500 100.00 100.00 150,000 558.00 837,000 88 Republic Insurance Co. Ltd. 1,210 100.00 90.91 110,000 629.25 761,392 89 Rupali Insurance Company Ltd. 12,570 10.00 7.13 89,625 127.30 1,600,161 90 Rupali Life Insurance Co. Ltd 990 100.00 90.91 90,000 2,602.00 2,575,980 91 Sandhani Life Insurance Co. 18,540 10.00 2.16 40,000 378.10 7,009,974 92 Sonar Bangla Insurance Ltd 968 100.00 124.17 120,200 534.75 517,638

174


shares Per

value





93 Standard Insurance Ltd. 2,420 100.00 90.91 220,000 529.50 1,281,390 94 Takaful Islami Insurance Ltd. 460 100.00 86.96 40,000 774.25 356,155 95 United Insurance Ltd. 981 100.00 61.37 60,202 904.50 887,314 96 DBH First Mutual Fund 22,000 10.00 10.00 220,000 11.80 259,600 97 EBL First Mutual Fund 93,000 10.00 10.00 930,000 13.50 1,255,500 98 First Janata Bank Mutual Fund 141,000 10.00 9.31 1,313,200 8.60 1,212,600 99 Grameen One : Scheme Two 8,000 10.00 10.00 80,000 20.70 165,600

100 Green Delta Mutual Fund 122,000 10.00 8.81 1,075,050 8.20 1,000,400 101 ICB AMCL First Mutual Fund 2,800 100.00 100.00 280,000 640.25 1,792,700 102 ICB AMCL First NRB Mutual F 3,100 100.00 100.00 310,000 413.75 1,282,625 103 ICB AMCL Islamic Mutual Fund 13,950 100.00 100.00 1,395,000 343.00 4,784,850 104 ICB AMCL Second Mutual Fund 20,450 100.00 109.55 2,240,375 133.50 2,730,075 105 ICB AMCL Second NRB M.F. 10,000 100.00 100.00 1,000,000 193.50 1,935,000 106 ICB AMCL Third NRB Mutual F 115,000 10.00 9.85 1,133,000 9.70 1,115,500 107 ICB Employees Prov. M.F. One 151,500 10.00 10.00 1,515,000 12.70 1,924,050 108 IFIC Bank 1st Mf 49,500 10.00 10.00 495,000 11.30 559,350 109 IFIL Islamic Mutual Fund-1 141,000 10.00 8.76 1,235,200 7.70 1,085,700 110 MBL 1st Mutual Fund 86,500 10.00 10.00 865,000 8.70 752,550 111 Phoenix Finance 1st Mf 35,000 10.00 10.00 350,000 12.20 427,000 112 Popular Life First Mutual Fu 137,000 10.00 10.00 1,370,000 8.00 1,096,000 113 Prime Bank 1st ICB AMCL M Fu 32,000 10.00 9.87 315,850 9.60 307,200 114 Prime Finance First Mutual Fu 7,500 10.00 10.00 75,000 19.40 145,500 115 Trust Bank 1st Mutual Fund 110,000 10.00 12.17 1,338,550 12.10 1,331,000 116 Aramit Ltd. 13,800 10.00 34.23 472,376 379.00 5,230,200 117 Bd Luggage Ind.(Share) 10,000 100.00 100.00 1,000,000 28.25 282,500 118 Beximco Ltd.(Share) 18,549 10.00 222.46 4,126,394 159.90 2,965,985 119 G.Q. Ball Pen Ind. Ltd 200 10.00 73.03 14,605 224.30 44,860 120 Lexco Ltd. 1,250 100.00 36.47 45,582 258.00 322,500 121 Mark Bd. Shilpa And Eng 5,000 100.00 200.00 1,000,000 17.00 85,000 122 Miracle Industries Ltd. 1,750 10.00 8.48 14,845 30.00 52,500 123 Bangladesh Fin. & Inv. Co. Ltd 240 10.00 9.93 2,382 91.60 21,984 124 Bangladesh Inds. Finance Co 2,913 100.00 112.01 326,274 567.50 1,653,127 125 Bay Leasing & Investment Ltd 600 100.00 258.33 155,000 1,122.00 673,200 126 Delta Brac Housing Finance Co. 545 100.00 112.33 61,222 2,371.25 1,292,331 127 Fas Finance And Investment Ltd. 10,942 100.00 155.68 1,703,455 506.00 5,536,652 128 First Lease International Ltd 443 100.00 182.64 80,909 1,069.75 473,899 129 I P D C 125 100.00 191.36 23,919 391.00 48,875 130 Intl. Leasing & Fin. Services 1,103 100.00 57.17 63,054 1,236.50 1,363,859 131 Islamic Finance And Invests 174 100.00 43.10 7,500 456.00 79,344 132 National Housing Fin. & Inv. 200 100.00 100.00 20,000 1,066.25 213,250 133 Peoples Leasing & Fin. Service 70 10.00 10.11 708 118.60 8,302 134 Phoenix Finance & Inv. Ltd 6,416 100.00 97.41 624,980 949.00 6,088,784 135 Premier Leasing International 5,228 100.00 159.53 834,015 733.75 3,836,045 136 Union Capital Ltd. 2,230 10.00 2.82 6,284 98.00 218,540 137 United Leasing Co. Ltd. 21,319 100.00 50.10 1,068,091 826.25 17,614,823 138 Uttara Finance & Invest. Ltd 3,370 10.00 31.70 106,827 180.60 608,622 139 Maq Enterprises Ltd. 5,000 100.00 100.00 500,000 37.75 188,750 140 Maq Paper Industries Ltd. 10,000 100.00 100.00 1,000,000 42.75 427,500 141 ACI Ltd. 28,380 10.00 57.50 1,631,851 269.60 7,651,248 142 Active Fine Chemicals Ltd. 4,025 10.00 8.70 35,000 65.80 264,845

175


shares Per

value





143 Beacon Pharmaceuticals Ltd 115,500 10.00 10.00 1,155,000 32.10 3,707,550 144 Beximco Pharmaceuticals Ltd 49,133 10.00 19.52 958,987 80.40 3,950,293 145 Beximco Synthetics(Share) 3,301 100.00 70.74 233,508 432.00 1,426,032 146 Deshbandhu Polymer Ltd. 2,000 10.00 10.00 20,000 66.60 133,200 147 Ibne Sina Pharma. Ltd. 840 100.00 148.28 124,553 1,330.00 1,117,200 148 Imam Button Industries Ltd. 450 100.00 99.82 44,917 373.50 168,075 149 Keya Cosmetics Ltd. 1,800 10.00 8.06 14,505 87.00 156,600 150 National Polymer Ltd. 5,530 100.00 305.53 1,689,578 737.25 4,076,992 151 Perfume Chemical In Ltd. 9,450 100.00 75.79 716,175 70.00 661,500 152 Reckitt Benckiser (Bd) Ltd. 3,800 10.00 151.00 573,800 1,213.70 4,612,060 153 Salvo Chemical Industry Ltd. 1,500 10.00 10.00 15,000 54.40 81,600 154 Square Pharmaceuticals Ltd. 15,840 100.00 1,276.03 20,212,281 3,542.25 56,109,240 155 Eastern Housing Ltd.(Share) 500 100.00 118.73 59,366 888.25 444,125 156 Summit Alliance Port Ltd. 6,712 10.00 11.49 77,121 80.90 543,000 157 Apex Adelchi Footwear Ltd. 90 100.00 111.00 9,990 3,033.00 272,970 158 Apex Tannery Ltd. 770 100.00 183.66 141,415 1,395.50 1,074,535 159 Excelsior Shoes Ltd. 1,000 100.00 36.89 36,892 69.25 69,250 160 Paragon Leather & Footwear Ltd. 33,750 100.00 65.90 2,224,263 16.00 540,000 161 Grameenphone Ltd. 98,400 10.00 72.66 7,149,800 163.90 16,127,760 162 Anlima Yarn Dyeing Ltd. 1,000 100.00 97.94 97,942 402.25 402,250 163 Apex Spinning & Knitting 2,900 100.00 204.00 591,600 1,423.50 4,128,150 164 Apex Weaving & Finishing Mills 32,412 100.00 89.18 2,890,538 154.00 4,991,448 165 Bangladesh Zipper Inds Ltd 7,500 100.00 100.00 750,000 43.75 328,125 166 BD. Dyeing & Finishing Ind 2,000 100.00 150.00 300,000 64.25 128,500 167 Bextex Ltd. 26,950 10.00 7.28 196,207 33.40 900,130 168 Chic Tex Ltd. 62,000 10.00 10.00 620,000 2.70 167,400 169 Delta Spinners Ltd. 30,640 100.00 91.16 2,793,137 462.75 14,178,660 170 Dulamia Cotton Mills 1,500 100.00 103.87 155,798 332.00 498,000 171 Eagle Star Textiles Ltd. 16,550 10.00 15.90 263,145 9.90 163,845 172 H.R.Textile Mills Ltd. 500 100.00 72.34 36,170 493.75 246,875 173 M.H.Garments Washing & Dying 5,000 100.00 100.00 500,000 34.75 173,750 174 Maksons Spinning Mills Ltd. 268,425 10.00 19.42 5,213,873 44.20 11,864,385 175 Malek Spinning Mills Ltd. 40,500 10.00 25.00 1,012,500 57.10 2,312,550 176 Mita Textiles Ltd. 660 100.00 45.78 30,217 61.75 40,755 177 Mithun Knitting And Dyeing 3,330 100.00 80.94 269,514 1,486.00 4,948,380 178 R. N. Spinning Mills Ltd. 6,000 10.00 5.21 31,242 78.40 470,400 179 Saiham Textile Mills Ltd. 100 10.00 3.76 376 64.10 6,410 180 Sajib Knitwear & Garments Ltd 11,600 100.00 54.24 629,138 37.00 429,200 181 Sonargaon Textiles Ltd. 4,772 100.00 115.76 552,406 485.25 2,315,613 182 Square Textiles Ltd 48 10.00 70.23 3,371 139.29 6,686 183 Sreepur Textile Mills Ltd. 10,350 100.00 99.70 1,031,850 36.75 380,362 184 Tallu Spinning Mills Ltd. 27,500 100.00 112.42 3,091,599 608.50 16,733,750 185 The Dacca Dyeing & Man.Co.Ltd 1,000 10.00 10.00 10,000 57.60 57,600 A.2.---Debenture 186 Aramit Cement Ltd. (Deb) 946 2,500.00 440.37 416,590 440.37 416,590 187 Mudaraba Perpetual Bond 9,160 1,000.00 999.93 9,159,370 959.50 8,789,020 188 Bd. Welding Electrodes (Deb 92 2,500.00 600.00 55,200 600.00 55,200 B.1. Shares 189 Hakkani Pulp Paper Mills 1,000 10.00 6.90 6,900 47.70 47,700 B.2.---Debenture 190 Navana Cng (Deb) 1 2,500,000 500,000 500,000 500,000 500,000 GRAND TOTAL 3,522,089 155,576,155 444,478,216

176

Investment Corporation of Bangladesh Seventh ICB Mutual Fund cwiwkó-7.4



No. of Shares Sold

Cost Price Per

Share (Taka)

Selling Price Per

Share (Taka)

Total Cost Price

(Taka)

Total Selling Price

(Taka)


1 Al Arafa Islami Bank Ltd. 21000 24.74 92.29 519,611.30 1,938,000.00 1,418,388.70

2 AB Bank Ltd. 100 8.73 1450.00 872.66 145,000.00 144,127.34 3 BRAC Bank Ltd. 100 95.65 789.75 9,564.68 78,975.00 69,410.32 4 Dhaka Bank Ltd. 5000 3.88 42.84 19,411.50 214,200.00 194,788.50 5 Eastern Bank Ltd. 3000 52.78 83.27 158,343.20 249,800.00 91,456.80 6 Exim Bank of Bangladesh Ltd. 11000 12.96 50.67 142,610.80 557,400.00 414,789.20 7 First Security Bank Ltd. 33000 11.12 32.46 366,993.30 1,071,200.00 704,206.70 8 Mercantile Bank Ltd. 300 68.28 355.00 20,485.02 106,500.00 86,014.98 9 Mutual Trust Bank Ltd. 200 276.44 677.00 55,287.04 135,400.00 80,112.96

10 One Bank Ltd. 700 41.84 868.86 29,288.42 608,200.00 578,911.58 11 Premier Bank Ltd. 68000 4.59 48.77 312,352.80 3,316,050.00 3,003,697.20 12 Shahjalal Islami Bank Ltd. 28700 6.46 55.00 185,499.14 1,578,360.00 1,392,860.86 13 Social Islami Bank Ltd. 35000 14.74 27.44 515,759.80 960,300.00 444,540.20 14 Southeast Bank Ltd. 1900 123.11 361.21 233,914.17 686,300.00 452,385.83 15 Standard Bank Ltd. 2000 119.51 554.05 239,027.10 1,108,100.00 869,072.90 16 Trust Bank Ltd. 800 104.95 670.63 83,962.66 536,500.00 452,537.34 17 Confidence Cement Ltd. 3000 31.86 265.33 95,591.10 796,000.00 700,408.90 18 Lafarge Surma Cement Ltd. 1200 511.67 664.46 614,000.04 797,350.00 183,349.96 19 M I Cement Factory Ltd. 5900 111.60 142.38 658,440.00 840,050.00 181,610.00 20 Monno Ceramic Inds Ltd. 1250 284.50 1036.68 355,628.30 1,295,850.00 940,221.70 21 RAK Ceramics (BD.) Ltd. 3400 48.00 207.72 163,200.00 706,240.00 543,040.00 22 Golden Son Ltd. 23000 17.78 95.64 409,034.75 2,199,800.00 1,790,765.25 23 Quashem Drycell Ltd. 11500 13.71 86.24 157,613.25 991,750.00 834,136.75 24 Jamuna Oil Company 4000 143.50 316.35 574,002.10 1,265,400.00 691,397.90 25 Meghna Petroleum Ltd. 4800 116.70 220.79 560,170.76 1,059,800.00 499,629.24 26 Titas Gas Transmission 100 547.96 840.00 54,796.38 84,000.00 29,203.62 27 Agrani Insurance Co. Ltd. 200 252.54 830.00 50,508.76 166,000.00 115,491.24 28 Asia Insurance Ltd. 4500 13.54 73.97 60,909.10 332,850.00 271,940.90 29 Asia Pacific Gen. Ins. Ltd. 500 149.93 589.70 74,964.85 294,850.00 219,885.15 30 BGIC Ltd. 2000 14.65 56.40 29,299.20 112,800.00 83,500.80 31 City General Insurance Ltd. 700 33.01 411.36 23,108.06 287,950.00 264,840.94 32 Continental Insurance Ltd. 1200 92.22 620.33 110,664.33 744,400.00 633,735.67 33 Dhaka Insurance Ltd. 100 121.54 2540.00 12,153.85 254,000.00 241,846.15 34 Federal Insurance Co. Ltd. 21500 8.19 148.15 175,978.00 3,185,200.00 3,009,222.00 35 Mercantile Insurance Co. Ltd. 300 178.08 560.25 53,422.80 168,075.00 114,652.20 36 Paramount Insurance Co. Ltd. 600 96.65 1050.67 57,988.62 630,400.00 572,411.38 37 Prime Insurance Co. Ltd. 1000 7.78 68.60 7,778.80 68,600.00 60,821.20 38 Rupali Insurance Co. Ltd. 2000 7.13 122.00 14,260.20 244,000.00 229,739.80 39 DBH First Mutual Fund 3000 10.00 16.67 30,000.00 50,000.00 20,000.00 40 EBL First Mutual Fund 6500 10.00 17.24 65,000.00 112,050.00 47,050.00 41 ICB AMCL Second NRB M.F. 500 100.00 248.00 50,000.00 124,000.00 74,000.00 42 ICB AMCL Third NRB M. F. 21000 10.00 14.52 210,000.00 305,000.00 95,000.00

177

Sl. No.

Name of the Company No. of Shares Sold

Cost Price Per

Share (Taka)

Selling Price Per

Share (Taka)



Total Profit/Loss on

Sale of Security (Taka)

43 IFIC Bank Ltd. 8000 10.00 15.75 80,000.00 126,000.00 46,000.00 44 Phoenix Finance First M. F. 6000 10.00 15.00 60,000.00 90,000.00 30,000.00 45 Prime Bank Fir ICB AMCL M F 4000 10.00 14.78 40,000.00 59,100.00 19,100.00 46 Trust Bank First Mutual Fund 5000 10.45 16.24 52,250.00 81,200.00 28,950.00 47 Bangladesh Fin. & In Co. Ltd. 750 99.25 1087.90 74,439.23 815,925.00 741,485.78 48 Bangladesh Inds. Fin Co. Ltd. 2300 142.32 878.43 327,335.05 2,020,400.00 1,693,064.95 49 Bay Leasing & Invest Co. Ltd. 900 258.33 1619.92 232,500.00 1,457,925.00 1,225,425.00 50 Delta BRAC Housing Finan 200 112.33 2095.00 22,466.84 419,000.00 396,533.16 51 FAS Finance & Invest Ltd. 500 155.68 639.75 77,840.20 319,875.00 242,034.80 52 First Lease International Ltd. 300 323.64 971.33 97,090.92 291,400.00 194,309.08 53 IPDC 700 209.82 521.57 146,874.07 365,100.00 218,225.93 54 International Leasing & Fin 1050 63.69 1275.27 66,878.52 1,339,037.50 1,272,158.99 55 National Housing Fin & Invst. 500 100.00 1000.00 50,000.00 500,000.00 450,000.00 56 Peoples Leasing & Fin. Ser. 550 176.90 1346.18 97,292.43 740,400.00 643,107.58 57 Phoenix Finance & Inv. Ltd. 2300 96.62 1247.52 222,220.33 2,869,300.00 2,647,079.67 58 Premier Leasing Intern Ltd. 2600 196.70 799.22 511,424.68 2,077,975.00 1,566,550.32 59 Union Capital Ltd. 1000 2.82 95.60 2,818.10 95,600.00 92,781.90 60 United Leasing Co. Ltd. 1260 87.75 1714.35 110,564.87 2,160,080.00 2,049,515.13 61 Uttara Finace & Invest. Ltd. 1000 55.37 414.50 55,372.55 414,500.00 359,127.45 62 Active Fine Chemicals Ltd. 1500 10.00 80.47 15,000.00 120,700.00 105,700.00 63 Beacon Pharmaceuticals Ltd. 2000 10.00 86.35 20,000.00 172,700.00 152,700.00 64 Beximco Pharmaceuti Ltd. 200 70.74 559.75 14,147.72 111,950.00 97,802.28 65 Deshbandhu Polymer Ltd. 2000 10.00 73.63 20,000.00 147,250.00 127,250.00 66 Imam Button Inds. Ltd. 650 99.82 434.15 64,880.64 282,200.00 217,319.36 67 Marico Bangladesh Ltd. 1000 90.00 565.81 90,000.00 565,810.00 475,810.00 68 Salvo Chemicals Inds. Ltd. 1000 10.00 50.35 10,000.00 50,350.00 40,350.00 69 Square Pharmaceuticals Ltd. 200 1276.03 3452.00 255,205.58 690,400.00 435,194.42 70 Eastern Housing Ltd. 3860 118.73 1260.74 458,297.80 4,866,456.40 4,408,158.60 71 Summit Alliance Port Ltd. 2000 14.36 245.45 28,720.00 490,900.00 462,180.00 72 United Airways (BD.) Ltd. 3500 100.00 350.91 350,000.00 1,228,185.00 878,185.00 73 Grameenphone Ltd. 1200 70.00 273.23 84,000.00 327,880.00 243,880.00 74 Anlima yarn dyeing Ltd. 3000 97.94 414.67 293,820.00 1,244,010.00 950,190.00 75 Bextex Ltd. 1000 7.28 71.5 7,280.00 71,500.00 64,220.00 76 CMC Kamal Textile Mills Ltd. 2000 49.5 312.25 99,000.00 624,500.00 525,500.00 77 Delta Spinners Ltd. 11320 91.16 514.81 1,031,931.20 5,827,649.20 4,795,718.00 78 H.R. Textile Mills Ltd. 4200 78.16 601.4 328,272.00 2,525,880.00 2,197,608.00 79 Maksons Spinning Mills Ltd. 80500 14.38 72.1 1,157,590.00 5,804,050.00 4,646,460.00 80 Malek Spinning Mills Ltd. 4500 25 86.84 112,500.00 390,780.00 278,280.00 81 Mithun Knit & Dyeing Ltd. 420 80.94 1621.1 33,994.80 680,862.00 646,867.20 82 Monno Fabrics Ltd. 1000 85.76 101.35 85,760.00 101,350.00 15,590.00 83 Prime Textile Spinning Ltd. 1000 65.25 816 65,250.00 816,000.00 750,750.00 84 R N Spinning Mills Ltd. 21000 12.8 116.54 268,800.00 2,447,340.00 2,178,540.00 85 Saiham Textile Mills Ltd. 780 65.95 1124.13 51,441.00 876,821.40 825,380.40 86 Sonargaon Textiles Ltd. 1500 97.06 816.15 145,590.00 1,224,225.00 1,078,635.00 87 Square Textiles Ltd. 650 84.28 171.9 54,782.00 111,735.00 56,953.00 88 Tallu Spinning Mills Ltd. 200 123.66 360 24,732.00 72,000.00 47,268.00 89 The Dacca Dye & Man. Ltd. 27000 10 59.61 270,000.00 1,609,470.00 1,339,470.00

Grand Total: 552640 15,329,450.50 80,132,492.50 64,803,042.01

178

Aóg AvBwmwe wgDPyq¨vj dvÛ Eighth ICB Mutual Fund

jf¨vsk I my` Avq

2010-11 A_©eQ‡i dvÛ †gvU 70wU wmwKDwiwUR n‡Z 81.51 j¶ UvKv jf¨vsk I my` eve` Avq K‡i‡Q hvi g‡a¨ 71.80 j¶ UvKv (88.09 kZvsk) 30 Ryb 2011 Zvwi‡Li g‡a¨ bM‡` cvIqv hvq| †Kv¤úvwb wfwËK jf¨vsk I my` Avq Ges cÖvc¨ jf¨vsk I my‡ì we —vwiZ weeiY h_vµ‡g cwiwkó-8.1 Ges cwiwkó-8.2 G †`Lv‡bv n‡q‡Q|


2010-11 A_©eQ‡i G dvÛ 83 wU ‡Kv¤úvwbi wmwKDwiwUR weµq K‡i 711.38 j¶ UvKv g~jabx gybvdv AR©b K‡i‡Q| g~jabx gybvdv AR©‡bi we —vwiZ weeiY cwiwkó 8.4 G †`Lv‡bv n‡q‡Q|


The Fund has earned an amount of Tk. 81.51 lac as dividend and interest from 70 securities during 2010-11 of which Tk.71.80 lac (88.09 per cent) was received in cash within 30 June 2011. Details of dividend & interest income and receivables are shown in Annex-8.1 and Annex-8.2 respectively.


During 2010-11, the Fund has earned Tk.711.38 lac as capital gains by selling securities of 83 companies. Details of capital gains are shown in Annex -8.4.

Avq e¨q I eÈb‡hvM¨ gybvdv

wmwKDwiwU†R wewb‡qvM n‡Z jf¨vsk I my` eve` Avq 81.51 j¶ UvKv, e¨vsK Avgvb‡Zi Dci my 43.98 j¶ UvKv Ges g~jabx gybvdv 711.38 j¶ UvKv mn G dv‡Ûi †gvU Av‡qi cwigvY `vuovq 843.53 j¶ UvKv| ÷vd LiP, eë ’vcbv wd, gy ªY I †ókbvix, WvK I Zvi, AvBwmweÕi mv‡_ cwiPvwjZ PjwZ wnmv‡ei my`, e¨vsK PvR©, wewb‡qvM mwÂwZ Ges Ab¨vb¨ LiP eve` †gvU 227.24 j¶ UvKv ev` †`hvi ci dv‡Ûi bxU Avq ùvovq 616.29 j¶ UvKv| c~e©eZx©© eQ‡ii Aew›UZ g~bvdv 360.87 j¶ UvKv †hvM Kivi ci 30 Ryb 2011 Zvwi‡L dv‡Ûi bxU e›Ub‡hvM¨ Av‡qi cwigvY `vuovq 977.16 j¶ UvKv| d‡j mvwU©wd‡KU cÖwZ e›Ub†hvM¨ g~bvdvi cwigvY ùvovq 195.43 UvKv |


During the year under review, the Fund has earned a gross income of Tk. 843.53 lac by way of dividend and interest income from investment in securities of Tk. 81.51 lac interest income of Tk. 43.98 lac on bank deposits, capital gains of Tk. 711.38 lac. After deducting the total expenses of Tk. 227.24 lac incurred as staff expenses, management fee, printing and stationery, postage and telegram, interest on current account with ICB, bank charges, provision against investments and others, the net income of the Fund stood at Tk. 616.29 lac Taking into account the previous year’s undistributed income of Tk. 360.87 lac, the Fund had a net distributable income of Tk. 977.16 lac as on 30 June 2011 resulting in distributable income per certificate of Tk. 195.43.

jf¨vsk

Av‡jvP¨ dvÛ 2010-11 A_©eQ‡i cÖwZwU 100.00 UvKv g~j¨gv‡bi mvwU©wd‡K‡Ui Rb¨ 90.00 UvKv nv‡i jf¨vsk †NvlYv K‡i‡Q hv c~e©eZx© eQ‡i wQj 65.00 UvKv| jf¨vsk cÖ v‡bi Rb¨ †gvU 450.00 j¶ UvKvi ms¯’vb ivLvi ci dv‡Û 527.16 j¶ UvKv Aew›UZ gybvdv _v‡K| mviYx-8.1 G dv‡Ûi eQiIqvix jf¨vs‡ki nvi cÖ`wk©Z nj t

Dividend

The Fund has declared dividend at the rate of Tk. 90.00 per certificate of Tk.100.00 each for the year 2010-11, which was Tk. 65.00 per certificate in the previous year. After making provision of Tk.450.00 lac for payment of dividend the Fund had an undistributed income of Tk. 527.16 lac The Year-wise dividend performance of the Fund is shown in the Table- 8.1:

179

Table- 8.1: Year-wise dividend performance

Financial year Dividend per certificate Financial year Dividend per certificate 1996-97 1997-98 1998-99 1999-00 2001-01 2001-02 2002-03

18.00 12.00 12.00 12.50 13.00 13.50 13.50

2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

14.00 15.00 15.00 18.00 25.00 32.00 65.00 90.00

cÎ‡Kvl

2010-11 A_©eQ‡i G dvÛ KZ©„K 24 wU †Kv¤úvwbi wmwKDwiwU‡R 303.33 j¶ UvKv wewb‡qvM Kiv n‡q‡Q| 30 Ryb 2011 Zvwi‡L G dv‡Ûi cÎ‡Kv‡l 1898.10 j¶ UvKv µqg~‡j¨ 181wU ‡Kv¤úvwbi wmwKDwiwUR wQj hvi evRvi g~j¨ wQj 5182.24 j¶ UvKv| 30 Ryb 2011 Zvwi‡L dv‡Ûi cÎ‡Kv‡li we —vwiZ weeiY cwiwkó-8.3 G cÖ wk©Z n‡q‡Q|

30 Ryb 2011 Zvwi‡L cÖwZwU 100.00 UvKv g~j¨gv‡bi Aóg AvBwmwe wgDPyq¨vj dvÛ mvwU©wd‡K‡Ui jf¨vsk cieZx© bxU m¤c`g~j¨ `uvovq 845.99 UvKv|

2010-11 A_©eQ‡i 100.00 UvKv g~j¨gv‡bi Aóg AvBwmwe wgDPyq vj dv‡Ûi mvwU©wd‡KU cÖwZ cÖviw¤¢K I mgvcYx evRvig~j¨ wQj h_vµ‡g 739.50 UvKv I 708.50 UvKv|

30 Ryb 2011 Zvwi‡L dv‡Ûi mvwU©wd‡KU ‡nvìvi‡`i msL v wQj 4700 Rb|

Portfolio During 2010-11, the Fund made investment of Tk.303.33 lac in securities of 24 companies. As on 30 June 2011 the Fund had securities of 181 companies in its portfolio with a total cost of Tk. 1898.10 lac, the market value of which was Tk.5182.24 lac. Details of the portfolio of the Fund as on 30 June 2011 are given in Annex-8.3

The ex-dividend net asset value per certificate of Eighth ICB Mutual Fund of Tk.100.00 each stood at Tk. 845.99 as on 30 June 2011.

During 2010-11 the opening and closing market price per certificate of Tk.100.00 each of the Eighth ICB Mutual Fund was Tk.739.50 and Tk.708.50 respectively during 2010-11.


180

AUDITORS’ REPORT

to the Certificate Holders of Eighth ICB Mutual Fund We have audited the accompanying Financial Statements of Eighth ICB Mutual Fund (the “Fund”) which comprise the Statement of Financial Position as at 30 June 2011, Statement of Comprehensive Income, Statement of changes in equity, Statement of cash flows for the year ended, and a summary of significant accounting policies and other explanatory information. The financial statements of the fund for the year ended 30 June 2010 were jointly audited by Rahman Mostafa Alam & Co., Chartered Accountants and A. Matin & Co., Chartered Accountants who issued unqualified opinion on 25 July 2010. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements of the Fund in accordance with Bangladesh Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of these financial statements of the Fund that are free from material misstatement, whether due to fraud or error. Auditors Responsibility Our responsibility is to express an opinion on these financial statements of the Fund based on our audit. We conducted our audit in accordance with Bangladesh Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements of the Fund are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on our judgement, including the assessment of the risks of material misstatement of the financial statements of the Fund, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the entity’s preparation and fair presentation of the financial statements of the Fund in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements of the Fund. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, except for the effects on the financial statements of the matter discussed in the emphasis of matter paragraph, the financial statements of the Fund prepared in accordance with Bangladesh Financial Reporting Standards (BFRS), give a true and fair view of the financial position of the Fund as at 30 June 2011 and the results of its financial performance and its cash flows for the year then ended 30 June 2011 and comply with the ICB Ordinance 1976, the Mutual Fund Regulations 1993, the Securities and Exchange Rules 1987 and other applicable laws and regulations.

181








182

Investment Corporation of Bangladesh Eighth ICB Mutual Fund



Assets

Investments at Cost 4 189,810,388 153,886,033

Cash at Bank 5 98,234,986 79,087,430


Receivable Instalments of Investments 7 4,956,376 4,956,376

Share Application Money 8 - 2,500,000 Other Receivable 9 3,140,000 - Total Assets 298,960,881 243,425,003

Liabilities



Provision for dividend & interest receivable 12 2,113,758 2,113,758

Provision for Loss on value of investments 13 64,323,283 50,287,283

Provision for possible fluctuation of investment 14 61,985,000 55,021,000

Other Liabilities 15 3,265,504 952,848 Total Liabilities 151,245,273 124,838,239

Net Assets 147,715,608 118,586,764


Capital Fund 16 50,000,000 50,000,000

Distributable Income 17 97,715,608 68,586,764 147,715,608 118,586,764

Net Asset Value (NAV) per share : Net assets-at cost 147,715,608 118,586,764 Net assets-at market value 467,992,837 464,975,066 Share of capital stock outstanding 500,000 500,000 Net assets value-at cost 295.43 237.17 Net assets value-at market value 935.99 929.95






183


Statement of Comprehensive Income for the year ended 30 June 2011


Income Dividend and Interest 18 8,150,945 7,540,863 Interest on Bank Deposits 19 4,397,776 956,918 Interest on Current Account with ICB 20 665,629 Net realized gain on Investment 71,138,331 67,067,601 Others 21 132 506 84,352,813 75,565,888

Expenses

Staff Expenses 22 461,990 372,436

Management Fee 23 500,000 500,000

Listing Fee 24 60,000 60,000

Audit Fee 12,000 12,000

Postage & Stamps 39,594 175

Printing & Stationery 33,494 10,769

Interest on Current Account with ICB - 1,250,691

Bank Charges 25,641 84,746 Others 25 591,250 411,427 1,723,969 2,702,244 Net Income before Provision 82,628,844 72,863,644

Provision: Provision for Loss on value of investments 4,036,000 10,500,000 Provision for possible fluctuation of investment 6,964,000 16,000,000 21,000,000 26,500,000

Net Income for the year 61,628,844 46,363,644

Undistributed Income from previous year 36,086,764 22,223,120

Distributable income carried to balance sheet 97,715,608 68,586,764 Earning per certificate during the year 123.26 92.73



Chairman Managing Director Director Director As per our report of same date

Sd/ Sd/ A. Matin & Co. Syful Shamsul Alam & Co. Chartered Accountants Chartered Accountants Dhaka, July 30, 2011

184

Eighth ICB Mutual Fund Statement of Changes in Equity for the year ended 30 June 2011

Particulars Capital Fund

General Reserve

Distributable

Income Total

Balance as at 01 July 2009 50,000,000 - 38,223,120 38,223,120Net income for the period - - 46,363,644 46,363,644Dividends - - (16,000,000) (16,000,000) Balance as at 30 June 2010 50,000,000 - 68,586,764 68,586,764Net profit for the period - - 61,628,844 61,628,844Dividends (32,500,000) (32,500,000) Balance as at 30 June 2011 50,000,000 - 97,715,608 97,715,608


Sd/- Sd/- Sd/- Sd/-



Sd/ Sd/ A. Matin & Co. Syful Shamsul Alam & Co. Chartered Accountants Chartered Accountants Dhaka, 30 July, 2011

185


Statement of Cash Flow for the year ended June 30, 2011 Amount in Taka

30-Jun-11 30-Jun-10 Cash Flows from Operating Activities: Net Income before provision 82,628,844 72,863,644 Adjustment for: Share Application Money 2,500,000 (2,500,000) Dividend and Interest Receivable 176,033 744,203 Other Liabilities 2,312,656 (454,294) Accrued Expenses (50,000) 50,000 Sale/(Purchase) of Marketable Investments (net) (35,924,355) 3,139,940 Current Account with ICB (3,140,000) 6,351,243 Net Cash inflows from operating activities 48,503,178 80,194,736 Cash Flows from financial Activities: Dividend Paid (27,489,393) (18,776,090) Tax at Source (1,866,229) - Net Cash Outflows from financing Activities (29,355,622) (18,776,090) Net Increase/(Decrease) in Cash 19,147,556 61,418,646 Cash and cash equivalents at beginning of the year 79,087,430 17,668,784 Cash and cash equivalents at end of the year 98,234,986 79,087,430


Sd/- Sd/- Sd/- Sd/-



Sd/ Sd/ A. Matin & Co. Syful Shamsul Alam & Co. Chartered Accountants Chartered Accountants Dhaka, 30 July, 2011

186

Eighth ICB Mutual Fund Notes to the Financial Statements

as at and for the year ended 30 June 2011 1. The Fund and its activities: 1.1 Status of the fund

Investment Corporation of Bangladesh (ICB) was established in 1976 with the objectives of accelerating industrialization and economic development of the country through development of capital market by mobilizing savings and encouraging and improving the investment climate in the country with particular emphasis placed on broadening the base and scope of investments as well as tapping marginal investors. Keeping in line with these objectives, the Eighth ICB Mutual Fund (the Fund) was established in June 1987, under Regulation 29A of ICB (General) Regulations with a total capital of Tk. 5,00,00,000.00 divided into 5,00,000 Certificates of Tk. 100 each. The management of the Fund is vested with ICB.










187

2.5 Reported period



(i) Shares and redeemable value of debentures are stated at average cost price for purchases from





3.2 Taxation


3.3 Cash and Bank


3.4 General:


(ii) Management fee at the rate of one percent on capital fund is paid to ICB for management services

and support received from the Corporation.


188


4. Investments at Cost 189,810,388 153,886,033

The market value of investments was Tk.518,223,656 at the close of business on June 30, 2011 which indicates a surplus of Tk. 328,413,268/- between market price and cost.


5. Cash at Bank

Agrani Bank (Amin Court Branch), STD A/c-0002215 6,927 7,437 Agrani Bank (Amin Court Branch), STD A/c-0002361 64,920 62,932 IFIC Bank (Federation Branch), STD A/c-863001187 11,499 12,278 IFIC Bank (Federation Branch), STD A/c-863001336 8,852 9,679 IFIC Bank (Federation Branch), STD A/c-863001451 86,922 86,463 IFIC Bank (Federation Branch), STD A/c-863001583 3,572 4,494 IFIC Bank (Federation Branch), STD A/c-863001749 12,689 478,748 IFIC Bank (Federation Branch), STD A/c-863001914 24,587 1,411,091 IFIC Bank (Federation Branch), STD A/c-863002103 13,692 1,736,742 IFIC Bank (Federation Branch), STD A/c-1008-000125-041 19,361 20,118 IFIC Bank (Federation Branch), STD A/c-1008-000229-041 2,419,580 2,393,679 IFIC Bank (Federation Branch), STD A/c-1008-000261-041 565,537 - IFIC Bank (Motijheel Branch), Current A/c-88936 9,508 10,947 IFIC Bank (Motijheel Branch), STD A/c-2803 44,987,340 42,852,823 UCBL (Eskaton Br) Fixed Deposit A/C 50,000,000 30,000,000 Total: 98,234,986 79,087,430

6. Dividend and Interest Receivable

Dividend receivable for more than one year 428,480 429,481 Interest receivable for more than one year 1,419,707 1,888,622 Dividend receivable for less than one year 970,944 678,062 Total: 2,819,131 2,996,165

6.1 Movement of Dividend and Interest Receivable Opening Balance 428,480 3,739,367 Add: Receivable during the year 1,419,707 678,062 Less: Received during the year 970,944 (1,422,265) Closing Balance 2,819,131 2,995,164

(See Annexure-C for details)

7. Receivable Installments of Investments Opening Balance 4,956,376 4,956,376 Less: Adjustment - 4,956,376 Closing Balance 4,956,376 - Outstanding for more than one year

189

Amount in Taka 30-Jun-11 30-Jun-10 8. Share Application Money Opening balance 2,500,000 - Add: Made during the year - 2,500,000 Less: Adjustment during the year (2,500,000) - Closing Balance - 2,500,000

9. Others

Opening balance - - Add : Priod during the year 3,140,000 - Less: Adjustment during the year - - Closing Balance 3,140,000 -

10. Accrued Expenses

Audit Fee 12,000 12,000 SEC Yearly fees - 50,000 Total: 12,000 62,000

11. Unclaimed Dividend

Opening Balance 16,401,349 19,177,440 Add: Dividend Declared during the year 32,500,000 16,000,000 Less: Dividend paid for previous year (2,515,152) (139,328) Less: Dividend paid for current year (24,974,241) (18,636,763) Less: Tax deducted at source (2007-08) (249,980) - Less: Tax deducted at source (2008-09) (347,284) - Less: Tax deducted at source (2009-10) (1,268,966) - Total: 19,545,727 16,401,349

12. Provision for dividend on securities receivable 2,113,758 2,113,758

13. Provision for Loss on value of investments

Opening balance 50,287,283 39,787,283 Add: Provision during the year 14,036,000 10,500,000 Closing Balance 64,323,283 50,287,283

14. Provision for possible fluctuation of investment Opening balance 55,021,000 39,021,000 Add: Provision made during the year 6,964,000 16,000,000 Closing Balance 61,985,000 55,021,000

15. Other Liabilities 3,265,504 952,848

16. Capital Fund 50,000,000 50,000,000

The Capital Fund is divided into 5,00,000 certificates of Tk.100 each fully paid up in cash.

190

Amount in Taka 30-Jun-11 30-Jun-10 17. Distributable Income Opening Balance 68,586,764 38,223,120 Less: Dividend Declared (32,500,000) (16,000,000) 36,086,764 22,223,120 Add: Net Income during the year 61,628,844 46,363,644 Closing Balance 97,715,608 68,586,764

18. Dividend & Interest Earned Dividend 7,809,769 6,531,301 Interest 341,176 1,009,563 Total: 8,150,945 7,540,863

(See Annexure-B for details) 19. Interest on Bank Deposits Agrani Bank 2,679 2,436 IFIC Bank Ltd. 850,097 954,482 Standard Bank 670,000 - UCBL 2,875,000 - Total: 4,397,776 956,918

20. Interest on CA with ICB 665,629 -

The above amount represents interest on current account with ICB, which bears interest @ 12.00% per annum.

21 Other Income 132 506

(Share Spliting Charges) 22 Staff Expneses Basic Salary 190,469 170,216 Allowance 170,381 136,956 Festival Bonus 33,430 24,471 Incentive Bonus 67,710 40,793 Total: 461,990 372,436

23. Management Fee 500,000 500,000 Management fee at the rate of one percent on capital fund is paid to ICB for management services

and support received from the Corporation as per the decision of the Board of Directors. 24. Listing Fee Dhaka Stock Exchage 30,000 30,000 Chittagong Stock Exchange 30,000 30,000 Total: 60,000 60,000

191

Amount in Taka 30-Jun-11 30-Jun-10 25. Others Expenses Entertainment 3,000 3,000 Stock Exchange Charge 463,237 259,350 Miscellaneous 4,125 4,501 CDBL Charge 16,361 56,521 SEC Yearly Fees 50,000 50,000 Advertisement 54,527 38,055 Total: 591,250 411,427


There have been few deviations from the requirements of BAS/BFRS which are shown below along with financial impact where applicable:

(a) Investments in quoted and unquoted shares are revalued at year-end at cost price. However, adequate provision are kept when market value is lower than cost price. Investments have not been accounted in market value (MV) which is a very newly adopted accounting standard in Bangladesh. In the Financial Statement this standard has not been considered due to volatile stock market scenario, conservative policy of fund management and prevailing dividend policy of mutual fund. At the year-end market value (for quoted shares) and book value (for unquoted shares) are higher than cost price by Tk.328,413,268.

(b) Investments have been valued on aggregate portfolio basis and provision is required to be made considering overall decrease in the value of investment. The fund maintains both provision for loss on value of investment and provision for possible price fluctuation which is shown in Balance sheet under liabilities amounting to Tk.126,308,283.

(c) Some disclosure and presentation requirements as per BFRS 7 and BAS 32 regarding risk management have not been made in the financial statements. However, management of the fund is prudent in risk management which is evident from steady growth of the fund. The fund is not exposed to any foreign currency and interest rate risk.

27. Event after the reporting date




192


Statement of Dividend & Interest Income as on 30 June 2011 cwiwkó-8.1 Annex-8.1


No. of Shares Held

Par Value (TK.)


(Percentage)

Amount of Dividend

Received (TK.)

A. Divdend 1 AB Bank Ltd. 5,629 100 20.00 11,258,000.00 2 Aftab Automabiles Ltd. 220 10 10.00 22,000.00 3 Anlima Yarn Dyeing Ltd. 5,500 100 10.00 5,500,000.00 4 Apex Spinning & Knitting Mills 240 100 15.00 360,000.00

5 Apex Tannery Ltd. 500 100 25.00 1,250,000.00

6 Asia Insurance Ltd. 11,000 10 25.00 2,750,000.00

7 Bata Sheo (BD) Ltd. (Interim) 500 10 145.00 725,000.00

8 BATBC 22,225 10 430.00 95,567,500.00

9 BOC Bangladesh (Interm) 16,050 10 250.00 40,125,000.00

10 BOC Bangladesh Ltd. 15,550 10 100.00 15,550,000.00

11 BRAC Bank Ltd. 10,300 100 10.00 10,300,000.00

12 Continental Insurance Ltd. 5,379 100 5.00 2,689,500.00

13 DBH 1st M/F 30,000 10 7.00 2,100,000.00

14 Delta Brac Housing Ltd. 475 100 10.00 475,000.00

15 Delta Spinners Ltd. 2,800 100 10.00 2,800,000.00

16 Dhaka Electric Supply Co. Ltd. 1,958 100 15.00 2,937,000.00

17 Dutch Bangla Bank Ltd. 492 100 30.00 1,476,000.00

18 Eastren Housing Ltd. 2,460 100 25.00 6,150,000.00

19 EBL 1st M/F 86,000 10 20.00 17,200,000.00

20 Gemini Sea Food Ltd. 139 100 12.00 166,800.00

21 Grameen One: Sehceme 2 10,000 10 20.00 2,000,000.00

22 Grameenphone Ltd. 112,600 10 85.00 95,710,000.00 23 Grameenphone Ltd. (Interim) 112,800 10 35.00 39,480,000.00 24 H.R Textile Mills Ltd. 3,050 100 5.00 1,525,000.00 25 IBBL Mudaraba Perpetual Bond 7,185 1,000 12.35 88,734,750.00 26 ICB AMCL First M/F 2,000 100 50.00 10,000,000.00

27 ICB AMCL First NRB M/F 5,000 100 35.00 17,500,000.00

28 ICB AMCL Second M/F 20,500 100 14.00 28,700,000.00

29 ICB AMCL Second NRB M/F 12,000 100 22.00 26,400,000.00

30 ICB Employees Prov.M/F One 192,500 10 11.50 22,137,500.00

31 Malek Spinning Mills Ltd. 80,000 10 10.00 8,000,000.00 32 Niloy Cement Ltd. 1,200 10 10.00 120,000.00 33 Olympic Industries Ltd. 200 100 10.00 200,000.00

34 Orion Infusion Ltd. 5,640 100 14.00 7,896,000.00

35 Power Grid Co. of Bd. Ltd. 7,500 100 10.00 7,500,000.00

36 Prime Bank 1st ICB AMCL M/F 48,000 10 10.00 4,800,000.00

193


No.of Shares Held

Par Value (TK.)


(Percentage)

Amount of Dividend

Received (TK.)

37 Prime Bank Ltd. 28,000 10 5.00 1,400,000.00

38 Prime Islami Life Insurance 1,100 100 5.00 550,000.00

39 Prime Textile Spinning Mills 500 100 11.00 550,000.00

40 Pubali Bank Ltd. 21,590 10 5.00 1,079,500.00

41 R.A.K Ceramics (BD) Ltd. 33,600 10 15.00 5,040,000.00 42 Rahima Food Corporation 150 100 10.00 150,000.00 43 Reckit Benckiser (Bd) Interm 5,800 10 150.00 8,700,000.00 44 Samarita Hospital Ltd. 1,265 100 16.00 2,024,000.00 45 Sinobangla Industries Ltd. 500 10 10.00 50,000.00 46 Sotheast Bank Ltd. 11,979 100 10.00 11,979,000.00 47 Square Textile Ltd. 6,272 10 16.00 1,003,520.00 48 Squqre Pharmaceuticals Ltd. 16,549 100 35.00 57,921,500.00 49 Summit Alliance Port 2,060 10 20.00 412,000.00 50 Summit Alliance Port (Interim) 2,060 10 30.00 618,000.00 51 Tamiguddin Textile Mills Ltd. 2,600 100 5.00 1,300,000.00 52 Titas Gas Co. Ltd. 4,400 100 25.00 11,000,000.00 53 ACI Formalition Ltd. 7,000 10 30.00 2,100,000.00 54 Advance Chemical Ind. Ltd. 17,496 10 120.00 20,995,200.00 55 Aramit Ltd. 5,100 10 40.00 2,040,000.00 56 Bata Shoes Co. Bd 500 10 105.00 525,000.00 57 Bay Leasing & Investment 1,000 100 10.00 1,000,000.00 58 Confidence Cement Co. Ltd. 54,190 10 25.00 13,547,500.00 59 Eastern Cables Ltd. 890 100 10.00 890,000.00 60 Green Delta Insuracne 2,900 10 40.00 1,160,000.00 61 Heidlberg Cement Bd. Ltd. 4,506 100 43.00 19,375,800.00 62 Jamuna Oil Company Ltd. 10,500 10 30.00 3,150,000.00 63 Meghna Petrolium Ltd. 33,043 10 45.00 14,869,350.00 64 Progati Insurance Ltd. 109 100 15.00 163,500.00 65 Rangpur Foundry Ltd. 1,500 10 21.00 315,000.00 66 Reckitt Benckiser Ltd. 5,800 10 50.00 2,900,000.00 67 The Ibn Sina Pharma. Ind. 600 100 10.00 600,000.00 68 United Insuracen Ltd. 1,298 100 10.00 1,298,000.00 69 United Leasing Ltd. 16,220 100 7.50 12,165,000.00

Total A. 7,809,769.20


Total B = 341,176.00

Grand Total (A+B) = 8,150,945.20

194


Statement of dividend and Interest receivable as on 30 June 2011 cwiwkó-8.2 Annex-8.2

SL.NO. Name of the Company

No. of Shares Held

Par Value (TK.)


(Percentage)

Amount Receivable

(TK.)

A. Dividend Receivable for more than one year

1 Anlima Yarn Dyeing Ltd. 67,050.002 Anlima Yarn Dyeing Ltd. 510.003 Apex Weaving & Finishing Mills Ltd. 212.504 Bangladesh Zipper Ind. Ltd. 6,900 100 3.00 17,595.005 BD Luggage 2,150 100 3.00 5,482.506 Bd. Zipper 6,900 100 5.00 29,325.007 Chick Textiles Ltd. 135,300 10 3.00 34,501.508 Delta Millers Ltd. 10,660 100 10.00 42,500.009 Eastern Cables Ltd. 10,000 100 10.00 85,000.00

10 Eastern Cables Ltd. 100 100 10.00 1,000.0011 Fahad Industries Ltd. 100,000 10 5.00 50,000.0012 M.H. Garments Washing.. 10,000 100 5.00 42,500.0013 Meghna Sheep 3,320 100 12.00 33,864.0014 Singer BD Ltd. 300 100 35.00 10,500.0015 Beximco Pharmachutical Ltd. 91,032 10 10.00 1,564.0016 First Lease Intt. Ltd. 1,226 100 10.00 6,776.0017 Shinpukur Ceramics Ltd. 600 10 10.00 100.00B. Interest Receivable for more than one year 18 Aramit Cement 730 1,142.00 14.00 58,400.0019 Aramit Cement 730 999.00 14.00 51,100.0020 Aramit Cement Ltd. 730 1,714.00 14.00 78,840.0021 Aramit Cement Ltd. 730 1,571.00 14.00 80,300.0022 Aramit Cement Ltd. 730 1,428.00 14.00 47,219.0023 Aramit Cement Ltd. 730 1,285.00 14.00 65,700.0024 Bangladesh Welding Ltd. 92 1,800.00 14.00 12,420.0025 Bangladesh Welding Ltd. 92 1,600.00 14.00 11,040.0026 Bangladesh Welding Ltd. 92 1,400.00 15.00 9,660.0027 Bangladesh Welding Ltd. 92 1,200.00 15.00 8,280.0028 BD Welding 92 1,000.00 15.00 6,900.0029 BD Welding 92 800.00 15.00 5,520.0030 Bd.Welding 92 2500 15.00 17,250.0031 Bd.Welding 92 2000 15.00 13,800.0032 Beximco Denims 1,000 1426 14.00 99,820.0033 Beximco Denims 1,000 1247 14.00 87,290.00

195


No. of Shares

Held

Par Value (TK.)


(Percentage)

Amount Receivable

(TK.)34 Beximco Denims 1,000 1,068.00 14.00 74,760.0035 Beximco Denims 1,000 889.00 14.00 62,230.0036 Beximco Denims 1,000 710.00 14.00 49,700.0037 Beximco Denims 1,000 531.00 14.00 37,170.0038 Beximco Denims 1,000 352.00 14.00 24,640.0039 Beximco Denims 1,000 173.00 14.00 12,110.0040 Beximco Denims Ltd. (Deb) 1,000 2,142.00 14.00 149,940.0041 Beximco Denims Ltd. (Deb) 1,000 1,963.00 14.00 137,410.0042 Beximco Denims Ltd.(Deb) 1,000 1,784.00 14.00 124,880.0043 Beximco Denims Ltd.(Deb) 1,000 1,605.00 14.00 112,350.00

(adjustment Bex Denim) (227,729.00)44 Beximco Fisheries 38 1285.68 14.00 3,420.0045 Beximco Fisheries 38 1071.39 14.00 2,850.0046 Beximco Fisheries 38 857.10 14.00 2,280.0047 Beximco Fisheries 38 642.81 14.00 1,710.0048 Beximco Fisheries 38 428.52 14.00 1,140.0049 Beximco Fisheries 38 214.23 14.00 380.0050 Beximco Fisheries Ltd. (Deb) 38 1,714.26 14.00 4,560.0051 Beximco Fisheries Ltd. (Deb) 38 1,499.97 14.00 3,990.0052 Beximco Fisheries Ltd.(Deb) 38 2,142.84 14.00 5,700.0053 Beximco Fisheries Ltd.(Deb) 38 1,928.55 14.00 5,130.0054 Beximco Knitting 1,048 1024 14.00 75,120.6455 Beximco Knitting 1,048 852 14.00 62,502.7256 Beximco Knitting 1,048 680.00 14.00 49,884.8057 Beximco Knitting 1,048 508.00 14.00 37,266.8858 Beximco Knitting 1,048 336.00 14.00 24,648.9659 Beximco Knitting 1,048 164.00 14.00 12,240.6460 Beximco Knitting Ltd. (Deb) 104 2,400.00 14.00 91,705.88

(Adjustment Bex Knitt) (237998.00)61 Beximco Textile 14 1426 14.00 1,397.4862 Beximco Textile 14 1247 14.00 1,222.0663 Beximco Textiles 14 1,068.00 14.00 1,046.6464 Beximco Textiles 14 889.00 14.00 871.2265 Beximco Textiles 14 710.00 14.00 695.8066 Beximco Textiles 14 531.00 14.00 520.3867 Beximco Textiles Ltd. (Deb) 14 1,784.00 14.00 1,748.3268 Beximco Textiles Ltd. (Deb) 14 1,605.00 14.00 1,572.9069 Beximco Textiles Ltd.(Deb) 14 2,142.00 14.00 2,099.1670 Beximco Textiles Ltd.(Deb) 14 1,963.00 14.00 1,923.7471 Beximco Textiles Mills Ltd. 14 352.00 14.00 344.9672 Beximco Textiles Mills Ltd. 14 173.00 14.00 169.54

(Adjustment Bex Tex) (3,188.00)73 Beximco Welding Electrodes Ltd. 92 2,500.00 15.00 17,250.0074 Beximco Welding Electrodes Ltd. 92 2,500.00 15.00 17,250.00

196


No. of Shares Held

Par Value (TK.)


(Percentage)

Amount Receivable

(TK.) 75 Beximco Welding Electrodes Ltd. 92 2,500.00 15.00 17,250.00

C. Dividend Receivable for less than one year.

76 ACI Formalition Ltd. 7,000 10 30.00 21,000.0077 Advance Chemical Ind. Ltd. 17,496 10 120.00 209,952.0078 Aramit Ltd. 5,100 10 40.00 20,400.0079 Bata Shoes Co. Bd 500 10 105.00 5,250.0080 Bay Leasing & Investment 1,000 100 10.00 10,000.00

81 Confidence Cement Co. Ltd. 54,190 10 25.00 135,475.00

82 Eastern Cables Ltd. 890 100 10.00 8,900.00

83 Green Delta Insuracne 2,900 10 40.00 11,600.00

84 Heidlberg Cement Bd. Ltd. 4,506 100 43.00 193,758.00

85 Jamuna Oil Company Ltd. 10,500 10 30.00 31,500.00

86 Meghna Petrolium Ltd. 33,043 10 45.00 148,693.50

87 Progati Insurance Ltd. 109 100 15.00 1,635.00

88 Rangpur Foundry Ltd. 1,500 10 21.00 3,150.00

89 Reckitt Benckiser Ltd. 5,800 10 50.00 29,000.00

90 The Ibn Sina Pharma. Ind. 600 100 10.00 6,000.00

91 United Insuracen Ltd. 1,298 100 10.00 12,980.00

92 United Leasing Ltd. 16,220 100 7.50 121,650.00 Grand Total 2,819,130.72

197

Investment Corporation of Bangladesh Eight ICB Mutual Fund

Statement of Portfolio Position of the Fund as on 30 June 2011 cwiwkó-8.3 Annex – 8.3

Company No. of Shares

Per Value





A. LISTED - SECURITIES / SHARES A.1…Share Banks 1. Al Arafa Islami Bank Ltd. 6,561 10 13.99 91,800.38 34.20 224,386.202. Arab Bangladesh Bank Ltd. 8,023 100 213.53 1,713,160.15 851.00 6,827,573.003. Bank Asia Limited 1,785 100 155.16 276,958.55 478.25 853,676.254. BRAC Bank Ltd. 10,101 100 107.52 1,086,108.95 480.50 4,853,530.505. Dhaka Bank Ltd. 10,933 10 5.90 64,507.10 44.70 488,705.106. Dutch Bangla Bank 493 100 15.21 7,500.00 1,431.25 705,606.257. Eastern Bank Ltd. 26,210 10 44.54 1,167,353.60 67.90 1,779,659.008. Exim Bank Of Bangladesh Ltd. 17,888 10 10.54 188,589.75 32.90 588,515.209. First Security Bank Ltd. 224,360 10 11.14 2,498,888.65 24.90 5,586,564.0010. IFIC Bank Ltd. 12,280 100 544.40 6,685,292.63 799.50 9,817,860.0011. Islami Bank Ltd. 22,721 100 206.42 4,690,004.42 512.50 11,644,512.5012. Mercantile Bank Limited 1,329 100 54.41 72,317.27 321.00 426,609.0013. Mutual Trast Bank Ltd 9,346 100 292.77 2,736,257.74 376.75 3,521,105.5014. NCC Bank Ltd 87,228 10 3.56 310,258.36 33.90 2,957,029.2015. National Bank Ltd. 35,699 10 1.57 56,064.79 65.20 2,327,574.8016. One Bank Ltd. 1,125 100 12.49 14,049.07 505.00 568,125.0017. Premier Bank Ltd 153,836 10 3.94 605,703.30 33.50 5,153,506.0018. Prime Bank Ltd. 60,800 10 53.12 3,229,925.00 47.50 2,888,000.0019. Pubali Bank Ltd 26,146 10 3.49 91,145.60 55.30 1,445,873.8020. Shahjalal Islami Bank Ltd 213,160 10 4.27 910,541.86 38.30 8,164,028.0021. Social Islami Bank Ltd. 40,766 10 12.21 497,790.37 22.70 925,388.2022. Southeast Bank Limitrd 13,374 100 118.86 1,589,613.82 320.50 4,286,367.0023. Standard Bank Limited 13,838 100 93.74 1,297,149.16 327.50 4,531,945.0024. Trust Bank Ltd 14,177 100 97.04 1,375,722.69 444.25 6,298,132.2525. Confidence Cement Ltd. 54,190 10 32.19 1,744,168.06 181.40 9,830,066.0026. Heidelbarg Cement Bd. Ltd. 4,526 100 857.27 3,880,016.44 3,040.00 13,759,040.0027. Lafarge Surma Cement Ltd. 2,500 100 518.45 1,296,128.46 489.00 1,222,500.0028. Bengal Fine Ceramics Ltd. 450 100 100.89 45,400.00 60.00 27,000.0029. Fu-Wang Ceramics Ind. Ltd. 510 100 101.47 51,750.59 394.25 201,067.5030. Monno Ceramic Ind. Ltd. 501 100 196.52 98,454.90 723.75 362,598.7531. RAK Ceramic (Bd.) Ltd. 36,960 10 43.64 1,612,800.00 105.00 3,880,800.0032. Shinepukur Ceramics Ltd. 22,023 10 83.72 1,843,780.62 51.60 1,136,386.8033. Standard Ceramic Ltd. 105 100 138.15 14,505.55 473.00 49,665.0034. Aftab Auto Mobiles Ltd. 1,053 10 3.26 3,433.75 275.20 289,785.6035. BSRM Steels Ltd. 3,588 100 72.46 260,000.00 1,413.50 5,071,638.00

198


Per Value





36. Eastern Cables Ltd. 890 100 319.46 284,317.42 649.50 578,055.0037. Golden Son Ltd. 275 10 20.91 5,750.00 69.10 19,002.5038. Jago Corporation 9,950 100 100.00 995,000.00 100.00 995,000.0039. Olympic Industries Ltd. 288 100 82.35 23,718.00 1,902.00 547,776.0040. Rangpur Foundry Ltd. 1,500 10 10.00 15,000.00 85.30 127,950.0041. Wonderland Toys Ltd. 2,700 100 100.00 270,000.00 68.25 184,275.0042. ACI Formulations Ltd. 7,000 10 174.00 1,218,000.00 133.20 932,400.0043. B A T B C 22,250 10 121.69 2,707,564.00 630.90 14,037,525.0044. Bangas Ltd. 350 100 126.59 44,307.50 1,623.00 568,050.0045. Dhaka Vegetable Oil Ind.Ltd. 190 100 90.00 17,100.00 23.00 4,370.0046. Fu-Wang Foods Ltd. 1,887 10 9.40 17,728.65 53.50 100,954.5047. Gemini Sea Food Ltd. 120 100 139.80 16,775.80 2,954.25 354,510.0048. Meghna Shrimp Ltd 3,320 100 82.89 275,185.00 115.75 384,290.0049. Meghna Vegetables Oil Ltd. 4,350 100 90.61 394,150.00 33.25 144,637.5050. Raspit Inc.(Bd) Ltd. 3,100 10 87.10 270,000.00 2.10 6,510.0051. Bangladesh Weld Electrodes 955 10 9.74 9,300.00 57.00 54,435.0052. BOC Bangladesh Ltd 15,550 10 134.35 2,089,215.73 678.70 10,553,785.0053. Dhaka Electric Supply Co.Ltd 2,545 100 316.33 805,052.52 1,706.50 4,343,042.5054. Eastern Lubricants 2,850 10 107.54 306,491.80 556.30 1,585,455.0055. Jamuna Oil Co. Ltd. 12,600 10 119.74 1,508,744.48 258.60 3,258,360.0056. Meghna Petrolium Ltd. 30,095 10 110.97 3,339,696.00 188.60 5,675,917.0057. Power Grid Co.Bd. Ltd 9,525 100 492.30 4,689,163.45 807.75 7,693,818.7558. Summit Power Ltd 10,125 10 42.72 432,513.62 81.50 825,187.5059. Tital Gas Transmission 5,640 100 497.78 2,807,488.48 802.25 4,524,690.0060. Agni Systems Ltd. 73 10 - - 43.50 3,175.5061. BDCom Online Ltd. 501 10 10.91 5,467.90 36.30 18,186.3062. Intech Online Ltd. 2,131 10 6.82 14,527.55 26.30 56,045.3063. Agrani Insurance Co. Ltd. 4,662 100 250.18 1,166,327.80 525.50 2,449,881.0064. Asia Insurance Ltd. 20,250 10 12.79 259,090.90 72.60 1,470,150.0065. Asia Pacific General Insurance 2,198 100 140.51 308,833.76 528.75 1,162,192.5066. Bangladesh General Ins. Co. 72,400 10 14.48 1,048,265.89 51.30 3,714,120.0067. City General Ins Co. Ltd. 77,380 10 12.19 943,388.55 50.90 3,938,642.0068. Continental Insurance Ltd 7,744 100 99.79 772,757.37 538.50 4,170,144.0069. Dhaka Insurance Ltd. 1,000 100 124.55 124,545.45 1,187.75 1,187,750.0070. Eastern Insurance Co. Ltd. 3,517 100 181.16 637,130.00 869.75 3,058,910.7571. Eastland Insurance Co. Ltd. 4,833 100 45.14 218,181.38 924.00 4,465,692.0072. Global Insurance Ltd. 1,373 100 177.96 244,341.06 706.50 970,024.5073. Green Delta Insurance 2,900 10 136.10 394,690.00 184.70 535,630.0074. Islami Insurance Bd. Ltd. 1,550 100 100.00 155,000.00 538.25 834,287.5075. Mercantile Insurance Co. Ltd. 6,410 100 176.85 1,133,598.76 532.00 3,410,120.0076. Nitol Insurance Co. Ltd. 784 100 286.16 224,350.00 661.00 518,224.00

199


Per Value





77. Northren General Ins. Co. Ltd. 592 100 67.57 40,000.00 668.25 395,604.00

78. Paramount Insurance Co.Ltd 3,580 100 97.71 349,804.23 529.25 1,894,715.00

79. Phoenix Insurance Co.Ltd 13,330 10 4.53 60,438.91 87.70 1,169,041.00

80. Pioneer Insurance Co.Ltd 633 100 129.62 82,050.00 1,004.25 635,690.25

81. Pragat Iinsurance Co.Ltd 109 100 1,313.88 143,212.85 923.50 100,661.50

82. Prime Insurance Co.Ltd 83,214 10 8.09 673,596.55 72.40 6,024,693.60

83. Prime Islami Life Ins Ltd 14,850 10 4.49 66,666.68 322.60 4,790,610.00

84. Provati Insurance Co. Ltd. 1,300 100 100.00 130,000.00 558.00 725,400.00

85. Reliance Insurance Co. Ltd. 1,019 100 47.69 48,600.00 1,132.75 1,154,272.25

86. Republic Insurance Co. Ltd. 550 100 90.91 50,000.00 629.25 346,087.50

87. Rupali Insurance Co. Ltd. 40,580 10 9.39 381,067.84 127.30 5,165,834.00

88. Rupali Life Ins Co. Ltd. 880 100 90.91 80,000.00 2,602.00 2,289,760.00

89. Sandhani Life Ins Co. Ltd. 11,600 10 2.16 25,000.00 378.10 4,385,960.00

90. Sonar Bangla Ins Co. Ltd. 3,751 100 124.97 468,750.00 534.75 2,005,847.25

91. Standard Insurance Co. Ltd. 880 100 90.91 80,000.00 529.50 465,960.00

92. Takaful Islami Ins Co. Ltd. 920 100 86.96 80,000.00 774.25 712,310.00

93. United Insurance Ltd. 1,472 100 65.81 96,879.08 904.50 1,331,424.00

94. DBH First Mutual Fund 29,000 10 10.00 290,000.00 11.80 342,200.00

95. EBL First Mutual Fund 86,000 10 10.00 860,000.00 13.50 1,161,000.00

96. First Janata Bank Mutual Fund 146,000 10 1,368,700.00 1,255,600.00

97. Grameen One: Scheme Two 10,000 10 10.00 100,000.00 20.70 207,000.00

98. Green Delta Mutual Fund 133,000 10 1,203,100.00 1,090,600.00

99. ICB AMCL First Mutual Fund 2,000 100 100.00 200,000.00 640.25 1,280,500.00 100. ICB AMCL First NRB M F 5,000 100 100.00 500,000.00 413.75 2,068,750.00101. ICB AMCL Second Mutual F 30,500 100 116.53 3,554,250.00 133.50 4,071,750.00102. ICB AMCL Second NRB M F 12,000 100 100.00 1,200,000.00 193.50 2,322,000.00103. ICB AMCL Third NRB M F 144,500 10 9.88 1,428,000.00 9.70 1,401,650.00104. ICB Employees Pro. M.F.One: 192,500 10 10.00 1,925,000.00 12.70 2,444,750.00105. IFIC Bank 1st M.F 45,500 10 10.00 455,000.00 11.30 514,150.00106. IFIL Islamic Mutual Fund -1 196,000 10 8.84 1,731,800.00 7.70 1,509,200.00107. MBL First Mutual Fund 85,500 10 10.00 855,000.00 8.70 743,850.00108. Phoenix Fin. 1st M.F 40,500 10 10.00 405,000.00 12.20 494,100.00109. Popular Life First Mutual F 166,000 10 10.00 1,660,000.00 8.00 1,328,000.00110. Prime Bank 1st ICB AMCL 52,000 10 9.91 515,500.00 9.60 499,200.00111. Prime Fin. 1st Mutual Fund 7,500 10 10.00 75,000.00 19.40 145,500.00112. Trust Bank 1st Mutual Fund 177,500 10 12.91 2,291,910.40 12.10 2,147,750.00113. Aramit Ltd 5,100 10 35.43 180,693.45 379.00 1,932,900.00114. BD Luggage Ind. 2,150 100 119.95 257,900.00 28.25 60,737.50115. Beximco Ltd 12,560 10 298.92 3,754,467.18 159.90 2,008,344.00116. G.Q Ball Pen Ind.Ltd 100 10 73.28 7,328.00 224.30 22,430.00117. Mark Bd. Shilpa & Eng 10,895 100 200.00 2,179,000.00 17.00 185,215.00118. Miracle Industries Ltd 656 10 8.16 5,350.00 30.00 19,680.00

200


Per Value





119. Bangladesh Fin. & Inv. Co. Ltd. 10,490 10 8.19 85,915.25 91.60 960,884.00120. Bangladesh Inds. Finance Co. 2,259 100 133.74 302,121.42 567.50 1,281,982.50121. Bay Leasing & Investment Ltd. 1,000 100 258.33 258,333.35 1,122.00 1,122,000.00122. Delta Brac Housing Finance 593 100 112.52 66,722.40 2,371.25 1,406,151.25123. First Finance & Investment Ltd. 3,595 100 141.05 507,092.04 506.00 1,819,070.00124. Firest Lease International Ltd. 1,135 100 139.89 158,777.30 1,069.75 1,214,166.25125. IPDC 1 100 359.11 359.11 391.00 391.00126. Intl. Leasing & Fin Services 2,068 100 59.01 122,040.76 1,236.50 2,557,082.00127. Islamic Finance & Investment 174 100 43.10 7,500.00 456.00 79,344.00128. Lankabangla Fin.& Inv. 1,174 10 4.26 5,000.00 209.90 246,422.60129. People Leasing & Fin. Service 70 10 10.14 709.64 118.60 8,302.00130. Phoenix Finance & Inv. Ltd 6,892 100 129.38 891,677.11 949.00 6,540,508.00131. Premier Leasing Int. Ltd. 7,846 100 164.97 1,294,327.17 733.75 5,757,002.50132. United Leasing Co. Ltd 28,367 100 56.73 1,609,234.13 826.25 23,438,233.75133. Uttara Finance & Inv. Ltd. 5,582 10 15.02 83,865.59 180.60 1,008,109.20134. Maq Enterprise 10,675 100 99.71 1,064,450.00 37.75 402,981.25135. Maq Paper Inds.Ltd 11,920 100 142.07 1,693,495.00 42.75 509,580.00136. ACI Ltd. 17,496 10 56.39 986,580.25 269.60 4,716,921.60137. Active Fine Chemicals Ltd. 2,300 10 20,000.00 65.80 151,340.00138. Beacon Pharmaceuticals Ltd. 118,500 10 10.00 1,185,000.00 32.10 3,803,850.00139. Beximco Pharma Ltd 123,401 10 22.89 2,825,161.45 80.40 9,921,440.40140. Beximco Synthetics (Share) 94 100 58.12 5,462.86 432.00 40,608.00141. Deshbandhu Palymer Ltd. 2,000 10 10.00 20,000.00 66.60 133,200.00142. Ibna Sina Pharma Ltd 600 100 381.56 228,934.33 1,330.00 798,000.00143. Imam Button Industries Ltd 650 100 94.59 61,483.01 373.50 242,775.00144. Orion Infusions Ltd.(Mala) 5,440 100 133.25 724,867.19 660.75 3,594,480.00145. Perfume Che. Ind. Ltd. 8,000 100 80.45 643,637.50 70.00 560,000.00146. Reckitt Benckiser (Bd.) Ltd. 5,800 10 140.39 814,256.10 1,213.70 7,039,460.00147. Salvo Chemical Ind. Ltd. 2,000 10 10.00 20,000.00 54.40 108,800.00148. Square Pharmaceuticals Ltd 22,320 100 1,215.16 27,122,261.87 3,542.25 79,063,020.00149. Wata Chemicals Ltd. 3,090 100 240.27 742,445.66 270.00 834,300.00150. Eastern Housing Ltd (Share) 2,260 100 127.75 288,705.39 888.25 2,007,445.00151. Samarita Hospital Ltd. 1,000 100 166.19 166,187.50 1,080.25 1,080,250.00152. Summit Alliance Port Ltd. 2,575 10 13.35 34,381.33 80.90 208,317.50153. Apex Tannery Ltd. 500 100 184.44 92,222.00 1,395.50 697,750.00154. Bata Shoes (Bd) Ltd. 500 10 98.48 49,240.00 632.20 316,100.00155. Excelsior Shoes Ltd. 25,000 100 84.65 2,116,225.00 69.25 1,731,250.00156. Paragon Leather & Footwear 50,350 100 53.55 2,696,100.00 16.00 805,600.00157. Grameen Phone Ltd. 114,600 10 71.61 8,206,100.00 163.90 18,782,940.00158. Anlima Yarn Dyeing Ltd 3,150 100 92.74 292,136.04 402.25 1,267,087.50159. Apex Spinning & Knitting 160 100 201.95 32,311.30 1,423.50 227,760.00160. Apex Weav & Finish Mills 26,805 100 92.68 2,484,314.60 154.00 4,127,970.00161. Bangladesh Zipper Ind. Ltd. 8,900 100 92.50 823,209.50 43.75 389,375.00162. Bextex Ltd 6,733 10 6.50 43,747.60 33.40 224,882.20163. Chic Tex Ltd. 135,300 10 10.00 1,353,000.00 2.70 365,310.00

201


Per Value





164. Delta Spinners Ltd. 2,000 100 87.79 175,573.46 462.75 925,500.00165. H.R. Textile Mills Ltd 1,908 100 87.33 166,626.93 493.75 942,075.00166. M.H. Garments Wash & Dy. 10,000 100 100.00 1,000,000.00 34.75 347,500.00167. Maksons Spinning Mills Ltd. 516,775 10 19.03 9,834,309.35 44.20 22,841,455.00168. Malek Spinning Mills Ltd. 80,000 10 25.00 2,000,000.00 57.10 4,568,000.00169. Mita Textile Ltd. 7,700 100 84.60 651,450.00 61.75 475,475.00170. R.N. Spinning Mills Ltd. 9,095 10 6.35 57,773.33 78.40 713,048.00171. Safko Spinning Mills Ltd 250 100 114.00 28,500.00 427.50 106,875.00172. Saiham Textile Mills Ltd. 13,500 10 4.87 65,703.79 64.10 865,350.00173. Sajib Knitwear & Garments Ltd. 17,900 100 44.09 789,212.50 37.00 662,300.00

174. Square Textile Ltd. (89) 10 (653.37) 58,150.00 139.30 (12,397.70)175. Tallu Spinning Mills Ltd. 17,428 100 108.43 1,889,746.99 608.50 10,604,938.00176. Tazimuddin Textile Mills 2,600 100 46.54 121,005.00 64.50 167,700.00177. The Dacca Dy. & Co. Ltd. 2,500 10 10.00 25,000.00 57.60 144,000.00A-2..Debenture 178. Aramit Cement Ltd. (Deb) 730 2,500 440.37 321,470.00 440.37 321,470.00179. Mudaraba Perpetual Bond 7,185 1,000 999.60 7,182,110.00 959.50 6,894,007.50180. Bd Welding Electrodes (Deb) 92 2,500 600.00 55,200.00 600.00 55,200.00B. NON-LISTED - SECURITIES / SHARES B-1..Debenture Fuel & Power 1. Navana Cng (Deb) 2 2,500,000 500,000.00 1,000,000.00 500,000.00 1,000,000.00GRAND TOTAL 4,741,008 189,810,387.67 518,223,656.15

202

Investment Corporation of Bangladesh Eighth ICB Mutual Fund cwiwkó-8.4


Sl. No.


Cost Price Per

Share (Taka)

Selling Price Per

Share (Taka)

Total Cost Price

(Taka)



1 Al Arafa Islami Bank Ltd. 12500 25.28 97.84 316,000.00 1,223,000.00 907,000.00

2 AB Bank Ltd. 200 32.63 1450.00 6,526.00 290,000.00 283,474.00

3 BRAC Bank Ltd. 500 107.52 664.60 53,760.00 332,300.00 278,540.00

4 Dhaka Bank Ltd. 2000 5.9 43.00 11,800.00 86,000.00 74,200.00

5 Eastern Bank Ltd. 4000 56.79 91.05 227,160.00 364,200.00 137,040.00

6 Exim Bank of Bangladesh Ltd. 16000 15.27 52.17 244,320.00 834,720.00 590,400.00

7 First Security Bank Ltd. 41000 11.21 31.94 459,610.00 1,309,540.00 849,930.00

8 Mercantile Bank Ltd. 100 54.41 311.50 5,441.00 31,150.00 25,709.00

9 Mutual Trust Bank Ltd. 300 342.67 677.00 102,801.00 203,100.00 100,299.00

10 NCC Bank Ltd. 5000 3.56 33.40 17,800.00 167,000.00 149,200.00

11 National Bank Ltd. 500 1.61 191.90 805.00 95,950.00 95,145.00

12 One Bank Ltd. 300 34.86 1130.83 10,458.00 339,249.00 328,791.00

13 Premier Bank Ltd. 74000 5.13 48.82 379,620.00 3,612,680.00 3,233,060.00

14 Pubali Bank Ltd. 3000 3.49 54.90 10,470.00 164,700.00 154,230.00

15 Shahjalal Islami Bank Ltd. 53100 5.99 58.29 318,069.00 3,095,199.00 2,777,130.00

16 Social Islami Bank Ltd. 15000 15.2 28.64 228,000.00 429,600.00 201,600.00

17 Southeast Bank Ltd. 1600 127.77 370.80 204,432.00 593,280.00 388,848.00 18 Standard Bank Ltd. 800 107.1 406.00 85,680.00 324,800.00 239,120.00 19 Trust Bank Ltd. 1500 102.16 631.35 153,240.00 947,025.00 793,785.00

20 Confidence Cement Ltd. 4000 32.19 264.25 128,760.00 1,057,000.00 928,240.00

21 Lafarge Surma Cement Ltd. 1100 518.45 650.95 570,295.00 716,045.00 145,750.00

22 M I Cement Factory Ltd. 5700 111.6 142.70 636,120.00 813,390.00 177,270.00

23 Fu-Wang Ceramics Inds. Ltd. 100 101.47 405.00 10,147.00 40,500.00 30,353.00 24 Monno Ceramic Inds. Ltd. 345 273.49 1043.19 94,354.05 359,900.55 265,546.50 25 RAK Ceramics (BD) Ltd. 2800 48 208.51 134,400.00 583,828.00 449,428.00 26 Golden Son Ltd. 19000 17.79 97.21 338,010.00 1,846,990.00 1,508,980.00 27 Jamuna Oil Co. Ltd. 2000 143.69 299.20 287,380.00 598,400.00 311,020.00 28 Meghna Petroleum Ltd. 4600 117.42 220.76 540,132.00 1,015,496.00 475,364.00 29 Titas Gas Transmission & DCL 100 497.78 840.00 49,778.00 84,000.00 34,222.00 30 Agrani Insurance Co. Ltd. 200 250.18 830.00 50,036.00 166,000.00 115,964.00 31 Asia Insurance Ltd. 4500 13.54 72.34 60,930.00 325,530.00 264,600.00 32 Aisa Pacific General Ins Ltd. 200 140.51 579.25 28,102.00 115,850.00 87,748.00 33 Bangladesh General Ins Ltd. 2000 14.48 56.40 28,960.00 112,800.00 83,840.00 34 City General Ins. Ltd. 700 33.51 411.36 23,457.00 287,952.00 264,495.00 35 Continental Insurance Ltd. 1200 92.24 620.33 110,688.00 744,396.00 633,708.00 36 Dhaka Insurance Ltd. 100 124.55 1135.00 12,455.00 113,500.00 101,045.00 37 Global Insurance Ltd. 200 177.96 598.00 35,592.00 119,600.00 84,008.00 38 Mercantile Insurance Ltd. 300 176.85 560.25 53,055.00 168,075.00 115,020.00 39 Paramount Ins Ltd. 600 97.71 1050.67 58,626.00 630,402.00 571,776.00 40 DBH First Mutual Fund 3000 10.00 16.67 30,000.00 50,010.00 20,010.00 41 EBL First Mutual Fund 7500 10.00 17.21 75,000.00 129,075.00 54,075.00 42 ICB AMCL Second NRB M F 450 100.00 248.00 45,000.00 111,600.00 66,600.00

203

Sl. No.


Cost Price Per

Share (Taka)

Selling Price Per

Share (Taka)

Total Cost Price

(Taka)



43 ICB AMCL Third NRB M F 21000 10.00 14.52 210,000.00 304,920.00 94,920.00

44 IFIC Bank Ltd. 8000 10.00 15.75 80,000.00 126,000.00 46,000.00

45 Phoenix Finance First M F 7000 10.00 15.00 70,000.00 105,000.00 35,000.00

46 Prime Bank 1st ICB AMCL M F 5000 10.00 14.64 50,000.00 73,200.00 23,200.00

47 Trust Bank First M F 5000 10.82 16.24 54,100.00 81,200.00 27,100.00

48 Bangladesh Fin & Inv. Co. Ltd. 2700 54.60 749.29 147,420.00 2,023,083.00 1,875,663.00

49 Bangladesh Inds. Finan Co. Ltd. 1500 181.45 944.47 272,175.00 1,416,705.00 1,144,530.00

50 Bay leasing & Investment Ltd. 500 258.33 1990.50 129,165.00 995,250.00 866,085.00

51 FAS Finance & Investment Ltd. 200 141.05 638.00 28,210.00 127,600.00 99,390.00

52 First Lease International Ltd. 400 198.97 941.50 79,588.00 376,600.00 297,012.00

53 International Leasing & Fin. Ser 900 66.88 1198.61 60,192.00 1,078,749.00 1,018,557.00

54 National Housing Fin & Inv. 300 100.00 1000.00 30,000.00 300,000.00 270,000.00

55 Peoples Leasing & Fin. Ser 550 177.41 1346.18 97,575.50 740,399.00 642,823.50

56 Phoenix Finance & Inv. Ltd. 1200 128.66 1434.25 154,392.00 1,721,100.00 1,566,708.00

57 Premier Leasing International 2100 198.97 812.85 417,837.00 1,706,985.00 1,289,148.00

58 United Leasing Co. Ltd. 1660 99.21 1795.05 164,688.60 2,979,783.00 2,815,094.40

59 Uttara Finance & Invest.Ltd. 1650 27.11 426.24 44,731.50 703,296.00 658,564.50

60 Active Fine Chemicals Ltd. 1500 10.00 80.47 15,000.00 120,705.00 105,705.00

61 Beacon Pharmaceuticals Ltd. 2000 10.00 86.35 20,000.00 172,700.00 152,700.00

62 Deshbandhu Polymer Ltd. 3500 10.00 72.21 35,000.00 252,735.00 217,735.00

63 Imam Button Inds. Ltd. 1300 94.59 453.08 122,967.00 589,004.00 466,037.00

64 Marico Bangladesh Ltd. 1000 90.00 565.81 90,000.00 565,810.00 475,810.00

65 Salvo Chemical Inds. Ltd. 2000 10.00 49.93 20,000.00 99,860.00 79,860.00

66 Square Pharmaceuticals Ltd. 400 1215.16 3452.00 486,064.00 1,380,800.00 894,736.00

67 Eastern Housing Ltd. 7400 127.75 1407.25 945,350.00 10,413,650.00 9,468,300.00

68 Summit Alliance Port Ltd. 800 16.69 248.04 13,352.00 198,432.00 185,080.00

69 United Airways Ltd. 3100 100.00 313.12 310,000.00 970,672.00 660,672.00

70 Grameenphone Ltd. 1200 70.00 273.23 84,000.00 327,876.00 243,876.00

71 Anlima Yarn Dyeing Ltd. 2350 92.74 409.57 217,939.00 962,489.50 744,550.50

72 Bextex Ltd. 1000 6.50 71.50 6,500.00 71,500.00 65,000.00

73 CMC Kamal Textile Mills Ltd. 200 40.25 293.95 8,050.00 58,790.00 50,740.00

74 Delta Spinners Ltd. 1000 87.79 558.00 87,790.00 558,000.00 470,210.00

75 H R Textile Mills Ltd. 6600 92.67 624.50 611,622.00 4,121,700.00 3,510,078.00

76 Maksons Spinning Mills Ltd. 97500 13.23 74.03 1,289,925.00 7,217,925.00 5,928,000.00

77 Malek Spinning Mills Ltd. 4500 25.00 86.84 112,500.00 390,780.00 278,280.00

78 Monno Fabrics Ltd. 2000 88.27 105.98 176,540.00 211,960.00 35,420.00

79 Prime Textile Spin Mills Ltd. 1000 67.51 816.00 67,510.00 816,000.00 748,490.00

80 R N Spinning Mills Ltd. 16700 13.91 125.28 232,297.00 2,092,176.00 1,859,879.00

81 Saiham Textile Mills Ltd. 56550 11.77 219.93 665,593.50 12,437,041.50 11,771,448.00

82 Tallu Spinning Mills Ltd. 1650 113.95 470.45 188,017.50 776,242.50 588,225.00

83 The Dacca Dyeing & Man. Ltd. 20500 10.00 57.34 205,000.00 1,175,470.00 970,470.00

Grand Total 587505 14,338,095.26 85,476,426.25 71,138,330.99




Directors

Kazi Shofiqul Azam

Gokul Chand Das



Md. Humayun Kabir

Syed Abdul Hamid

S.M. Aminur Rahman

Md. Rezaul Karim


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e¸ov kvLvov kvLvAvdmvi Avjx Kg‡c-· (5g Zjv)ivRv evRvi †ivW, eo‡Mvjv, e¸ov‡dvb : (051) 66940, 66860B-‡gBj : icbbogra@ bttb.net.bd

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Head OfficeBDBL Building (12-15th floor)8, Rajuk Avenue, Dhaka-1000Post Box no. 2058Cable-INVESTCORPPhone : 9563455 (auto hunting)Fax : 880-2-9563313e-mail : [email protected] site : www.icb.gov.bd

Branch Offices:Chittagong BranchDelwar Bhaban (3rd floor)104, Agrabad Commercial Area, ChittagongPhone : (031) 714851, 727064Fax : 880-31-727064e-mail : icbctg@ spetnet.com

Rajshahi BranchDr. Gaffar Plaza (2nd floor)Shaheb Bazar, Ghoramara, RajshahiPhone : (0721) 775402, 774661e-mail : icbrajbr@ bttb.net.bd

Khulna BranchShilpa Bank Bhaban (3rd floor)25-26, KDA Commercial Area, KhulnaPhone : (041) 721689, 722984e-mail : icb_kln@ khulna.bangla.net

Barisal BranchBarisal Plaza (2nd floor)87-88, Hemayet Uddin Road, BarisalPhone : (0431) 64404e-mail : icbbsl@ ccnbsl.net

Sylhet BranchAnanda Tower & Shopping Complex (2nd floor)Dhupadighir UttarparJail Road, SylhetPhone : (0821) 714703, 2830458e-mail : icbsyl@ sol_bd.com

Bogra BranchAfsar Ali Complex (4th floor)Raja Bazar Road, Borogola, BograPhone : (051) 66940, 66860e-mail : icbbogra@ bttb.net.bd

Local OfficeKashpia Plaza (1st floor)35/C, NayapaltanVIP Road, Dhaka-1000Phone : (02) 9343288, 8360815

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evwl©k cÖwz‡e`b 2010-11 · 2017-11-09 · s.m. aminur rahman s.m. aminur rahman managing...

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