financial statements 2009 10

7/27/2019 Financial Statements 2009 10

1/12

Note

Property and Assetsroperty and AssetsCash and Bank Balances

Investments:Government Securities

Capital Investment in Other Institutions

Marketable Securities- at cost

Loans and Advances:oans and Advances:Margin Loan SecuredUnit & Mutual Fund Advance Account Secured

Bridging Loan

Debenture Loan

Other Loans and Advances

Premises and Equipment(at cost less depreciation)

Other Assets

Total Assetsotal Assets

Liabilities and Capitaliabilities and CapitalLiabilitiesBorrowings:

Government Loan

Deposits

Debentures

Deferred Interest

Other Liabilities and Provisions

Carried forwardarried forward

Bonds

Lease Receivables

Consumer Credit Scheme

2010

Taka

CONSOLIDATED BALANCE SHEETONSOLIDATED BALANCE SHEETas at 30 June 2010s at 30 June 2010Investment Corporation of BangladeshnvestmentCorporation of Bangladesh

4

5

5.1

5.2

5.3

99.1

10

11

12

13

5.4

6

6.16.2

6.3

6.4

6.5

6.7

7

8

6.6

14,889,072,118

-

27,500,000

10,876,753,683

10,904,253,6830,904,253,683

7,977,621,66592,397,583

293,519,325

56,275,081

911,403,212

9,790,069,307

142,683,728

3,228,839,150

38,954,917,986

35,000,000

35,000,000

17,987,100,105118,000,000

44,014,751

12,499,901,916

30,684,016,772

-

425,531,944

33,320,497

30,649,016,772

2009

Taka

30,062,474,619

17,839,350,113

7,893,000

27,500,000

8,363,697,305

8,424,090,305

4,990,223,05988,166,410

206,254,537

56,275,081

869,614,270

6,739,617,933

135,267,977

2,243,287,584

35,381,613,912

38,500,000

38,500,000

21,549,702,288218,000,000

73,740,524

8,221,031,807

30,100,974,619

25,000,000

477,691,844

51,392,732


2/12

Note

Brought forwardrought forward

Capital / Shareholdersapital / Shareholders EquityquityPaidup Capital

Minority Interest

Reserves

Retained Earnings

Total Liabilities and Shareholdersotal Liabilities and Shareholders Equityquity

2010

Taka

CONSOLIDATED BALANCE SHEETONSOLIDATED BALANCE SHEETas at 30 June 2010 (Contd.)s at 30 June 2010 (Contd.)Investment Corporation of BangladeshnvestmentCorporation of Bangladesh

Off-Balance Sheet Items:ff-Balance Sheet Items:Contra Entriesontra Entries

Contingent Liabilitiesontingent LiabilitiesGuarantee to ICB AMCL Pension Holders' Unit Fund

Penalty imposed by SEC-RPO of Golden Son Ltd.

Commitments:

Investment in Equity

Debenture Financing

Lease Financing

Advance against Equity

2009

Taka

Investment in Bond

Purchase of Preference SharesTotal Off-Balance Sheet Itemsotal Off-Balance Sheet Items

Commitment on NBL on A/C of Nasrin-Arju Cattle Goat Feed

Guarantee to CSE on behalf of ISTCL

The attached notes form an integral part of these Financial Statements

For and on behalf of Investment Corporation of Bangladesh.

As per our annexed report of same date.

Dr. M. Khairul Hossainr. M. Khairul Hossain Md. Fayekuzzamand. Fayekuzzaman Brigadier General Arif Ahmed ChowdhuryrigadierGeneralArifAhmed Chowdhury Abu Hena Mohd. Razee HassanbuHena Mohd. Razee HassanChairman Managing Director Director Director

Dhaka, September 22, 2010

ZOHA ZAMAN KABIR RASHID & CO.OHA ZAMAN KABIR RASHID& CO. KAZI ZAHIR KHAN & CO.AZI ZAHIR KHAN& CO.Chartered Accountantshartered Accountants Chartered Accountantshartered Accountants

1,000,000,000

1,855,582,291

2,425,044,985

5,280,627,276

35,381,613,912

12,017

30,100,974,619

5,608,737

-

480,000,000

300,000,000

782,000,000

--

837,608,737

2,000,000

55,608,737-

-

50,000,000

2,000,000,000

2,135,582,291

4,135,296,516

8,270,878,807

38,954,917,986

22,407

30,684,016,772

-

1,170,000

455,000,000

790,000,000

1,886,170,000

140,000,000

-

123,476,0001,000,000

500,000,000

2,009,646,000

72,476,000

50,000,000

15

16

29

14


3/12

Note

Operating Incomeperating IncomeInterest Income

Interest paid on Deposits, Borrowings, etc.

Net Interest Incomeet Interest IncomeDividend

Capital Gain

Fees, Commissions & Service Charges

Other Operating Income

Total Operating Income (a)otal Operating Income (a)Operating Expensesperating ExpensesSalary and Allowances

Rent, Taxes, Insurance, Electricity, etc.

Legal Expenses

Postage, Stamps, Telegram & Telephone

Auditors Fees

Stationery, Printing, Advertisement, etc.

Directors Fees & Allowances

Repair, Maintenance & Depreciation

Brokerage

Other Operating Expenses

Total Operating Expenses (b)otal Operating Expenses (b)Operating Profit (a-b)perating Profit (a-b)Add: Non-operating Income

Profit before Provision (c)rofit before Provision (c)Provision against Loans and Advances

Provision against Investments

Profit before Tax (c-d)rofit before Tax (c-d)Less: Provision for Taxation

Less: Minority InterestNet Profit Available for Appropriation-Carried forwardet Profit Available for Appropriation-Carried forwardNet Profit After Taxet Profit After Tax

2,214,212,308

1,577,734,878

636,477,430392,220,802

3,351,728,420

1,245,543,633

11,573,081

5,637,543,366

270,887,744

46,415,705

3,530,151

3,310,771

254,000

18,403,182

1,631,429

34,215,318

63,198,159

214,113,745

655,960,2044,981,583,162

26,634,337

5,008,217,499206,183,897

1,308,353,503

1,514,537,4003,493,680,099

436,953,183

3,056,726,916(10,386)3,056,716,530

Other Provisions -Total Provision (d)otal Provision (d) -

2010

Taka

2009

Taka

CONSOLIDATED PROFIT AND LOSS ACCOUNTONSOLIDATED PROFIT AND LOSS ACCOUNTfor the year ended 30 June 2010or the year ended 30 June 2010Investment Corporation of Bangladeshnvestment Corporation of Bangladesh

17

18

19

20

21

22

23

24

25

26

27

28

2,180,317,869

1,728,538,854

451,779,015328,701,012

1,546,547,177

549,341,435

5,602,271

2,881,970,910

182,161,100

34,945,447

3,281,610

3,066,401

195,000

11,847,364

991,400

27,775,262

28,565,391

107,533,122

400,362,0972,481,608,813

7,621,764

2,489,230,577104,027,571

465,000,000

580,886,0621,908,344,515

250,037,333

1,658,307,182(5,193)1,658,301,989

11,858,491


4/12

Note

Net Profit Available for Appropriation-Broughtet Profit Available for Appropriation-Brought forwardorwardEarnings Per Sharearnings Per Share 30

3,056,716,530152.84

2010

Taka

1,658,301,98982.92

2009

Taka

CONSOLIDATED PROFIT AND LOSS ACCOUNTONSOLIDATED PROFIT AND LOSS ACCOUNTfor the year ended 30 June 2010 (Contd.)or the year ended 30 June 2010 (Contd.)Investment Corporation of Bangladeshnvestment Corporationof Bangladesh




Dr. M. Khairul Hossainr. M. Khairul Hossain Md. Fayekuzzamand. Fayekuzzaman Brigadier General Arif Ahmed Chowdhuryrigadier General Arif Ahmed Chowdhury Abu Hena Mohd. Razee HassanbuHena Mohd. Razee HassanChairman Managing Director Director Director


ZOHA ZAMAN KABIR RASHID & CO.OHA ZAMAN KABIR RASHID& CO. .Chartered Accountantshartered Accountants Chartered Accountantshartered Accountants


5/12

Cash flow from operating activities:ash flow from operating activities:Interest Received

Interest Paid

Dividend Received

Fees & Commissions Received

Cash Paid to Employees

Cash Paid to Suppliers

Cash Received from other operating activities

Cash Paid for other operating activities

Cash Flow before changes in Operating Assets & Liabilitiesash Flow before changes in Operating Assets & LiabilitiesChanges in Operating Assets & Liabilities:hanges in Operating Assets & Liabilities:Increase/Decrease in Loans & AdvancesIncrease/Decrease in Investment in other Institutions

Increase/Decrease in other Assets

Increase/Decrease in Deposit Received from other Banks

Increase/Decrease in Deposit received from Other Depositors

Increase/Decrease in Long Term Debt

Increase/Decrease in other Liabilities

Net Cash Flow from Operating activitieset Cash Flow from Operating activitiesCash Flow from Investing activities:ash Flow from Investing activities:Cash inflow from Sale of Securities

Cash outflow for Purchase of Securities

Cash Increase/Decrease from Sale/Purchase of Fixed Asset

Net Cash Employed in Investing activitieset Cash Employed in Investing activitiesCash Received from Financing Activities:ash Received from Financing Activities:Dividend paid in Cash

Net Cash Received from Financing Activitieset Cash Received from Financing ActivitiesNet Cash Increase/Decrease

Opening Cash Balance

Closing Cash Balancelosing Cash Balance

2,409,239,050

(1,852,643,426)

419,470,820

1,245,543,633

(263,524,775)

(80,319,585)

38,207,418

(278,943,333)

1,637,029,802

(3,050,451,374)32,893,000

1,672,533,595

(4,180,221,683)

617,619,500

(103,500,000)

2,544,217,544

(2,466,909,418)(829,879,616)

11,270,309,281

(10,431,637,238)

(33,225,293)

805,446,750(49,839,326)

(49,839,326)(74,272,192)

3,546,634,275

3,472,362,083

2010Taka

2,056,407,530

(1,709,529,537)

306,674,007

549,341,435

(180,349,937)

(60,607,342)

13,224,035

(137,089,913)

838,070,278

(1,304,652,401)50,000,000

(2,950,460,870)

6,694,571,377

(1,582,196,581)

(103,500,000)

(418,285,409)

385,476,1161,223,546,3944,155,693,367

(5,354,518,538)

(39,290,073)

(1,238,115,244)(69,867,287)

(69,867,287)(84,436,137)

3,631,070,412

3,546,634,275

2009Taka

CONSOLIDATED CASH FLOW STATEMENTONSOLIDATED CASH FLOW STATEMENTfor the year ended 30 June 2010or the year ended30 June 2010Investment Corporation of Bangladeshnvestment Corporationof Bangladesh

The attached notes form an integral part of these Accounts


Dr. M. Khairul Hossainr. M. Khairul Hossain Md. Fayekuzzamand. Fayekuzzaman Brigadier General Arif Ahmed Chowdhuryrigadier General Arif Ahmed Chowdhury Abu Hena Mohd. Razee Hassanbu Hena Mohd.RazeeHassanChairman Managing Director Director Director




6/12

CONSOLIDATED STATEMENT OF CHANGES IN EQUITYONSOLIDATED STATEMENT OF CHANGES IN EQUITYfor the year ended 30 June 2010or the year ended30 June2010Investment Corporation of BangladeshnvestmentCorporation of Bangladesh

Balance as at 30 June 2009

Dividend Paid (2008-09)

Balance as at 30 June 2010alance asat 30 June 2010

Particulars

Amount Transferred to Different Reserve for 2008-09

Deferred Tax Assets for 2009-10

Paid upCapital(Taka)

Reserve

(Taka)

Profit and LossAccount

(Taka)

Total

(Taka)

Reserve for Stock Dividend

transferred to Paid-up Capital for 2008-09

Amount Transferred to Benevolent Fund for 2008-09

Addition during the year (2009-10)

1,000,000,000

2,000,000,000

-

-

-

1,000,000,000

-

-

1,855,582,291

2,135,582,291

280,000,000

-

-

-

-

-

2,425,044,985

4,135,296,516

(280,000,000)

3,535,001

(50,000,000)

(1,000,000,000)

(20,000,000)

3,056,716,530

5,280,627,276

(50,000,000)

-

8,270,878,807

-

3,535,001

(20,000,000)

3,056,716,530







7/12

BALANCE SHEETALANCE SHEETas at 30 June 2010s at 30 June 2010

Note

Property and Assetsroperty and AssetsCash and Bank Balances

Investments:Government Securities

Capital Investment in ICB Subsidiary Companies

Capital Investment in Other Institutions

Marketable Securities- at cost

Loans and Advances:oans and Advances:Margin Loan Secured

Unit & Mutual Fund Advance Account Secured

Bridging Loan

Debenture Loan

Other Loans and Advances

Premises and Equipment

(at cost less depreciation)

Total Assetsotal Assets

Liabilities and Capitaliabilities and CapitalLiabilitiesBorrowings:

Government Loan

Deposits

Debentures

Deferred Interest

Other Liabilities and Provisions

Carried forwardarried forward

2010Taka

Investment Corporation of Bangladeshnvestment Corporationof Bangladesh

Bonds

Lease Receivables

Consumer Credit Scheme

Other Assets

14,017,861,701

-

462,499,100

27,500,000

9,354,703,761

9,844,702,861,844,702,861

2,921,133,752

92,397,583

293,519,325

56,275,081

3,478,807,148

7,300,985,330

81,499,454

33,198,891,120

35,000,000

35,000,000

17,987,100,105

118,000,000

44,014,751

9,026,215,198

27,210,330,0547,210,330,054

-

425,531,944

33,320,497

1,953,841,774

2009Taka

17,008,719,086

7,893,000

462,499,100

27,500,000

7,349,547,231

7,872,439,331,872,439,331

2,329,726,480

88,166,410

206,254,537

56,275,081

2,515,447,621

5,724,954,705

76,024,089

32,444,914,257

38,500,000

38,500,000

21,549,702,288

218,000,000

73,740,524

6,638,116,722

28,518,059,5348,518,059,534

25,000,000

477,691,844

51,392,732

1,762,777,046

4

5

5.1

5.2

5.3

5.4

9

9.1

10

11

12

13

5.5

6

6.1

6.2

6.3

6.4

6.5

6.7

7

8

6.6


8/12

2010Taka

Note

Brought forwardrought forwardCapital / Shareholdersapital / Shareholders EquityquityPaid-up Capital 15

Retained Earnings 29

Total Liabilities and Shareholdersotal Liabilities and Shareholders Equityquity

Off-Balance Sheet Items:ff-Balance Sheet Items:Contra Entriesontra Entries

Contingent Liabilities:ontingent Liabilities:Guarantee to ICB AMCL Pension Holders' Unit Fund

Commitments:

Investment in Equity

Debenture Financing

Lease Financing

Advance against Equity

Reserves 16

Guarantee to CSE on behalf of ISTCL

BALANCE SHEETALANCE SHEETas at 30 June 2010 (Contd.)s at 30 June 2010 (Contd.)Investment Corporation of BangladeshnvestmentCorporation of Bangladesh

2009Taka

Purchase of Preference Share

Total of Off-Balance Sheet Itemsotal of Off-Balance Sheet Items

Investment in Bond







1,000,000,000

1,280,771,526

3,926,854,723

6,188,481

-

480,000,000

300,000,000

782,000,000

2,000,000

-

838,188,481

-

28,518,059,534

32,444,914,257

1,646,083,197

50,000,000

56,188,481

2,000,000,000

2,222,477,869

5,988,561,066

33,198,891,120

-

1,170,000

140,000,000

455,000,000

790,000,000

1,886,170,000

-

27,210,330,054

1,766,083,197

50,000,000

50,000,000

500,000,000

1,936,170,000


9/12

2010TakaNote

Operating Incomeperating IncomeInterest Income 17

Interest paid on Deposits, Borrowings, etc. 18

Net Interest Incomeet Interest IncomeDividend 19

Capital Gain

Fees, Commissions & Service Charges 20

Other Operating Income 21

Total Operating Incomeotal Operating Income

Operating Expensesperating ExpensesSalary and Allowances 22

Rent, Taxes, Insurance, Electricity, etc.

Legal Expenses

Postage, Stamps, Telegram & Telephone

Auditors Fees

Stationery, Printing, Advertisement, etc.

Directors Fees & AllowancesRepair, Maintenance & Depreciation-Premises & Equipment 23

Brokerage

Other Operating Expenses 24

Total Operating Expensesotal Operating ExpensesOperating Profitperating ProfitAdd: Non-operating Income 25

Profit before Provisionrofit before ProvisionProvision against Loans and Advances 26

Other Provisions 28

Profit before Taxrofit before TaxProvision for Taxation

Net Profit Available for Appropriation- Carried forwardet Profit Available for Appropriation- Carried forward

Provision against Investments 27

2009Taka

1,990,007,316

(1,728,538,854)

261,468,462305,670,687

1,175,568,474

161,049,058

2,231,468

1,905,988,149

126,998,347

22,742,821

3,060,310

2,326,801

120,000

6,133,494

333,50014,635,592

8,459,210

28,352,431

213,162,5061,692,825,643

7,621,764

1,700,447,40722,268,366

11,858,491

434,126,8571,266,320,550(150,000,000)

1,116,320,550

400,000,000

PROFIT AND LOSS ACCOUNTROFIT AND LOSS ACCOUNTfor the year ended 30 June 2010or the year ended 30 June 2010Investment Corporation of BangladeshnvestmentCorporation of Bangladesh

1,948,505,862

(1,577,734,878)

370,770,984365,469,840

2,629,039,504

302,702,392

3,861,023

3,671,843,743

171,055,579

26,157,882

3,132,701

2,425,584

120,000

8,671,344

511,20017,376,057

4,991,463

63,342,297

297,784,1073,374,059,636

26,634,337

3,400,693,97320,242,206

-

1,020,242,2062,380,451,767(250,000,000)

2,130,451,767

1,000,000,000


10/12

2010

TakaNote

Net Profit Available for Appropriation- Brought forwardet Profit Available for Appropriation- Brought forwardEarnings Per Sharearnings Per Share 30

2,130,451,767106.52

2009

Taka

1,116,320,55055.82

PROFIT AND LOSS ACCOUNTROFIT AND LOSS ACCOUNTfor the year ended 30 June 2010 (Contd.)or the year ended 30 June 2010 (Contd.)Investment Corporation of BangladeshnvestmentCorporation of Bangladesh








11/12

2010Taka

Cash flow from operating activities:ash flow from operating activities:Interest Received

Interest Paid

Dividend Received

Fees & Commissions Received

Cash Paid to Employees

Cash Paid to Suppliers

Cash Received from other operating activities

Cash Paid for other operating activities

Cash Flow before changes in Operating Assets & Liabilitiesash Flow before changes in Operating Assets & LiabilitiesChanges in Operating Assets & Liabilitieshanges in Operating Assets & LiabilitiesIncrease/Decrease in Loans & AdvancesIncrease/Decrease in Investment in other Institutions

Increase/Decrease in other Assets

Increase/Decrease in Deposit Received from other Banks

Increase/Decrease in Deposit received from Other Depositors

Increase/Decrease in Long Term Debt

Increase/Decrease in other Liabilities

Net Cash Flow from Operating activities (a)et Cash Flow from Operating activities (a)Cash Flow from Investment activities:ash Flow from Investment activities:Cash inflow from Sale of Securities

Cash outflow for Purchase of Securities

Cash Increase/Decrease from Sale/Purchase of Fixed Asset

Net Cash Employed in Investment activities (b)et Cash Employed in Investment activities (b)Cash Received from Financing Activitiesash Received from Financing ActivitiesDividend paid in Cash

Net Cash Received from Financing Activities (c)et Cash Received from Financing Activities (c)Net Cash Increase/Decrease (a+b+c)

Opening Cash Balance

Closing Cash Balancelosing Cash Balance

2,140,807,732

(1,852,643,426)

388,932,595

302,702,392

(170,304,839)

(45,434,935)

30,495,360

(68,844,960)

725,709,91925,709,919

(1,576,030,625)32,893,000

2,432,215,069

(4,180,221,683)

617,619,500

(103,500,000)

1,342,127,630

(1,434,897,109)1,434,897,109)(709,187,190)6,286,662,680

(5,662,779,706)

(17,923,997)

605,958,977

(49,839,326)

(49,839,326)(153,067,539)

2,900,723,539

2,747,656,000

2009Taka

1,868,361,587

(1,709,529,537)

285,282,947

161,049,058

(126,869,827)

(38,820,011)

9,853,232

(37,145,141)

412,182,30812,182,308

(1,115,473,547)(150,000,000)

(2,333,183,771)

6,694,571,377

(1,582,196,581)

(103,500,000)

338,322,923

1,748,540,401,748,540,4012,160,722,7092,481,996,288

(3,872,379,247)

(5,832,066)

(1,396,215,025)

(49,867,673)

(49,867,673)714,640,011

2,186,083,528

2,900,723,539

CASH FLOW STATEMENTASH FLOW STATEMENTfor the year ended 30 June 2010or the year ended30 June 2010Investment Corporation of Bangladeshnvestment Corporationof Bangladesh



Dr. M. Khairul Hossainr. M. Khairul Hossain Md. Fayekuzzamand. Fayekuzzaman Brigadier General Arif Ahmed Chowdhuryrigadier General Arif Ahmed Chowdhury Abu Hena Mohd. Razee Hassanbu Hena Mohd. Razee HassanChairman Managing Director Director Director




12/12

Balance as at 30 June 2009

Amount Transferred to different Reserve for 2008-09

Balance as at 30 June 2010alance asat 30 June 2010

Amount Transferred to Benevolent Fund for- 2008-09

Deferred Tax Assets for the Year 2009-10

Addition during the year (2009-10)

Paid upCapital(Taka)

Reserve

(Taka)

Retained

Earnings(Taka)

Total

(Taka)

Dividend Cash -2008-09

Reserve for Stock Dividend Transferred

to Paid-up Capital for - 2008-09

-

-

1,000,000,000

2,000,000,000-

-

-

1,000,000,000

1,646,083,197

1,766,083,197

-

-

-

120,000,000

-

-

1,280,771,526

2,222,477,869

(20,000,000)

1,254,576

2,130,451,767

(120,000,000)

(50,000,000)

(1,000,000,000)

3,926,854,723

-

(50,000,000)

-

5,988,561,066

(20,000,000)

1,254,576

2,130,451,767

STATEMENT OF CHANGES IN EQUITYTATEMENT OF CHANGES IN EQUITYfor the year ended 30 June 2010or the year ended30 June 2010Investment Corporation of Bangladeshnvestment Corporationof Bangladesh






financial statements 2009 10

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