gp mis report

8/6/2019 Gp MIS Report

1/16

Grameenphone Ltd.

Finanacial Highlights through MIS


2/16

eport


3/16

Grameenphone Ltd.

Income StatementParticulars 2007

Revenue 54,303,145,932Cost of network operations:

Direct cost of network revenue 12,792,565,946

Network operation and maintenance expenses 2,508,157,767

Depreciation and amortisation 9,122,173,137

Total Cost of network operations 24,422,896,850

Gross profit 29,880,249,082

Other income, net 103,760,767

Operating expenses:

General and administrative expenses 5,147,696,933

Selling and distribution expenses 6,660,418,402Bad debt expense 135,290,267

Depreciation and amortisation 1,273,650,776

Total operating expenses 13,217,056,378

Operating profit 16,766,953,471

Finance costs, net (948,485,684)

Gain/(loss) on disposal of property, plant and equipment (101,962,955)

Gain on sale of investment

Compensation to BTRC (2,184,242,956)

Share of profit of X - Net Ltd. 2,591,417

Profit before tax 13,534,853,293

Income tax expenses (10,475,013,275)

Profit for the year 3,059,840,018

Basic earnings per share 0.25

12,151,747,970Weighted average number of ordinary shares outstandingduring the year


4/16

2008 2009

61,358,978,118 65,299,567,088

14,858,520,766 13,256,145,333

4,501,457,137 4,773,426,129

13,332,231,627 15,048,323,189

32,692,209,530 33,077,894,651

28,666,768,588 32,221,672,437

52,582,628 43,258,418

5,682,107,936 6,593,087,935

5,875,351,653 3,474,969,079

1,811,925,203 1,678,664,554

13,369,384,792 11,746,721,568

15,349,966,424 20,518,209,287

(1,805,249,292) (1,920,437,487)

34,126,142 (9,768,387)

7,960,532

(2,000,000,000)

11,578,843,274 18,595,963,945

(8,594,976,687) (3,627,797,689)

2,983,866,587 14,968,166,256

2.46 12.08

1,215,174,797 1,239,238,201


5/16

Grameenphone Ltd.

Statement of Financial PositionParticulars 2007 2008

AssetsNon current assets:

Property, plant and equipment, net 80,318,189,542 85,553,852,589

Intangible assets 1,275,733,440 8,193,645,543

Investment in shares of X-Net Ltd. 4,467,968 4,467,968

Long-term receivables and deposits 11,596,466 12,658,694

Total non current assets 81,609,987,416 93,764,624,794

Current assets:

Inventories 843,646,147 407,184,697

Deferred cost of connection revenue 357,679,797 360,712,137

Accounts receivable, net 2,725,726,115 4,146,483,267Advances, deposits and prepayments 2,119,366,225 2,494,777,907

Cash and cash equivalents 804,635,376 7,020,671,289

Total current assets 6,851,053,660 14,429,829,297

Total assets 88,461,041,076 108,194,454,091

Equity and Liabilities:

Shareholders' equity:Share capital 2,430,349,594 12,151,747,970

Share premium 13,743,987 13,743,987

Capital reserve 14,446,452 14,446,452Deposit from shareholders 1,882,996 1,882,996

General reserve 2,139,729,365 2,139,729,365

Retained earnings 21,510,953,768 13,266,605,231

Total shareholders' equity 26,111,106,162 27,588,156,001

Non-current liabilities:Loans and borrowings, net of current portion 3,367,620,384 1,907,356,334

Bond obligation 4,216,405,145

Deposit from agents and subscribers 557,317,602 482,653,949

Finance lease obligations, net of current portion 5,315,559,235 5,046,935,826

Deferred tax liabilities 16,510,153,280 18,535,226,437

Long term payables and provisions 145,694,461 164,633,966

Employee benefits - provision for gratuity 8,933,591 22,122,040

Total non-current liabilities 25,905,278,553 30,375,333,697

Current liabilities:Accounts payable 8,135,600,956 4,098,581,741

Payable to government and autonomous bodies 5,849,623,774 11,174,424,007


6/16

Income tax payable 8,350,371,941 10,077,565,649

Unearned revenue 1,294,707,151 1,260,211,260

VAT payable 2,335,718,147 2,226,760,000

Loans and borrowings - current portion 1,108,679,811 1,406,260,610

Finance lease obligations - current portion 1,485,227,318 1,160,709,556

Deferred connection revenue 617,220,271 474,142,173Interest payable on loans and borrowings 197,615,312 153,997,529

Local interest bearing short-term borrowings 4,908,835,153 4,992,322,916

Provision for expenses 2,161,056,527 9,069,346,780

Advance against PPO 4,136,642,172

Liabilities for share money refund

Total current liabilities 36,444,656,361 50,230,964,393

Total equity and liabilities 88,461,041,076 108,194,454,091

2007 2008

Total assets 88,461,041,076 108,194,454,091

Total equity and liabilities 88,461,041,076 108,194,454,091

Total non current assets 81,609,987,416 93,764,624,794

Total current assets 6,851,053,660 14,429,829,297

Total shareholders' equity 26,111,106,162 27,588,156,001

Total non-current liabilities 25,905,278,553 30,375,333,697

Total current liabilities 36,444,656,361 50,230,964,393

2007 2008 20

20,000,000,000

40,000,000,000

60,000,000,000

80,000,000,000

100,000,000,000

120,000,000,000

MIS Report of Balance Sheet

Total assets Total equity andliabilities

Total non currentassets

Total current assets

Total shareholders'equity

Total non-currentliabilities

Total currentliabilitiesYears

Moneylev

el


7/16

2009

79,287,993,919

7,681,126,893

11,635,675

86,980,756,487

430,870,209

483,550,116

4,697,066,1621,968,937,232

14,601,313,087

22,181,736,806

109,162,493,293

13,503,000,220

7,840,225,942

14,446,4521,880,178

2,139,729,365

26,655,044,251

50,154,326,408

917,924,127

440,948,191

5,019,805,838

13,505,914,117

160,033,350

11,454,139

20,056,079,762

4,692,964,457

9,304,514,275


8/16

12,228,778,445

1,679,152,352

2,234,779,133

1,036,943,071

541,731,92666,356,035

7,078,349,758

88,517,671

38,952,087,123

109,162,493,293

2009

109,162,493,293

109,162,493,293

86,980,756,487

22,181,736,806

50,154,326,408

20,056,079,762

38,952,087,123

09


9/16

Grameenphone Ltd.

Cash Flow StatementParticulars 2007

Cash flows from operating activities:Cash receipts from sales or for the performance of services 54,561,148,197

Payroll and other payments to employees (2,551,623,847)

Payments to suppliers and contractors (24,441,719,182)

Finance income received 140,454,372

Finance costs paid (873,003,738)

Income tax paid (2,699,662,145)

(30,425,554,540)

A. Net cash flow from operating activities 24,135,593,657

Cash flows from investing activities:

Payment for acquisition of property, plant and equipment (29,904,914,019)

Proceeds from sale of property, plant and equipment 62,813,546

Payment for acquisition of intangible assets (software & PCM) (627,943,642)

B. Net cash used in investing activities (30,470,044,115)

Cash flows from financing activities:

Local interest bearing short-term borrowings 4,908,835,153

Proceeds from Issuance of bond

Receipt from local syndicated loan 2,000,000,000

Payment of long term borrowings (957,737,839)

Payment of finance lease obligation (197,529,119)

Payment of dividend (1,458,209,756)

Proceeds from PPO and IPO

Proceeds from issue of shares to existing shareholders

C. Net cash flow from financing activities 4,295,358,439

D. Net changes in cash and cash equivalents(A+B+C) (2,039,092,019)

E. Cash and cash equivalents at beginning 2,843,727,395

Cash and cash equivalents at closing(D+E) 804,635,376

2007

Cash receipts from sales or for the performance of services 54,561,148,197A. Net cash flow from operating activities 24,135,593,657

B. Net cash used in investing activities (30,470,044,115)

C. Net cash flow from financing activities 4,295,358,439

Cash and cash equivalents at closing(D+E) 804,635,376

MIS Report of Cash flow Statement


10/16

2007 2008 2-40,000,000,000

-20,000,000,000

0

20,000,000,000

40,000,000,000

60,000,000,000

, , ,

Cash receipts fromsales or for theperformance ofservices

A. Net cash flow fromoperating activities

B. Net cash usinvesting activi

C. Net cash flow fromfinancing activities

Cash and cashequivalents atclosing(D+E)Years

Moneyleve

l


11/16

2008 2009

59,519,675,251 64,925,924,469

(3,579,036,748) (4,079,088,982)

(24,670,422,156) (21,832,429,882)

92,672,551 335,144,569

(1,925,872,470) (2,142,618,852)

(4,842,709,822) (6,505,897,213)

(34,925,368,645) (34,224,890,360)

24,594,306,606 30,701,034,109

(18,938,035,066) (11,867,221,673)

76,107,923 40,312,438

(4,415,375,410) (4,184,634,864)

(23,277,302,553) (16,011,544,099)

83,487,763 (4,992,322,916)

4,250,000,000 (4,250,000,000)

(1,074,340,018) (1,422,706,278)

(964,871,433) (562,546,039)

(1,506,816,748) (1,579,727,236)

4,111,572,296 5,698,452,575

1,682

4,899,031,860 (7,108,848,212)

6,216,035,913 7,580,641,798

804,635,376 7,020,671,289

7,020,671,289 14,601,313,087

2008 2009

59,519,675,251 64,925,924,46924,594,306,606 30,701,034,109

(23,277,302,553) (16,011,544,099)

4,899,031,860 (7,108,848,212)

7,020,671,289 14,601,313,087


12/16

09

ed inities


13/16

MIS Report

Particulars 2007 2008Revenue in taka 54,303,145,932 61,358,978,118

% of revenue growth 12.99%

Cost of network operations 24,422,896,850 32,692,209,530

% of Cost of network operations growth 33.86%

Gross profit 29,880,249,082 28,666,768,588

% of gross profit growth -4.06%

Gross profit to revenue 55.02% 46.72%

Net profit 3,059,840,018 2,983,866,587

% of Net Profit Growth -2.48%

Net profit to Revenue 5.63% 4.86%

Non Current Assets 81,609,987,416 93,764,624,794

Current Assets 6,851,053,660 14,429,829,297

Current Liabilities 36,444,656,361 50,230,964,393Shareholder's Equity 26,111,106,162 27,588,156,001

Return on Equity 11.72% 10.82%

Non Current asset Turnover 0.67 0.65

Current Ratio 0.19 0.29

Quick Ratio 0.11 0.20

2007 2008

% of revenue growth 0.00% 12.99%

% of Cost of network operations growth 0.00% 33.86%

% of gross profit growth 0.00% -4.06%

% of Net Profit Growth 0.00% -2.48%Net profit to Revenue 5.63% 4.86%

Return on Equity 11.72% 10.82%

150.00%

200.00%

250.00%

300.00%

350.00%

400.00%

450.00%

MIS Report

Va

lue


14/16

2007 2008Non Current asset Turnover 0.67 0.65

Current Ratio 0.19 0.29Quick Ratio 0.11 0.20

% of revenue growth% of gross profit growth

-50.00%

0.00%

50.00%

100.00%

2007 2008 2009

Particulers

2007 2008 20090.00

0.20

0.40

0.60

0.80

MIS Report on Balance Sheet

Non CurrentassetTurnover

Current Ratio Quick Ratio

Years

Value


15/16

200965,299,567,088

6.42%

33,077,894,651

1.18%

32,221,672,437

12.40%

49.34%

14,968,166,256

401.64%

22.92%

86,980,756,487

22,181,736,806

38,952,087,12350,154,326,408

29.84%

0.75

0.57

0.45

2009

6.42%

1.18%

12.40%

401.64%22.92%

29.84%


16/16

20090.75

0.570.45

Net profit to Revenue

gp mis report

Documents