Balance Sheet

2011

2010

2009

2008

2007

2006

2005

2.33%
0.88%
0.12%
0.06%
0.36%
3.75%

3.17%
1.00%
0.16%
0.06%
0.00%
4.39%

4.60%
1.40%
0.26%
0.05%
3.28%
9.60%

5.95%
2.13%
0.38%
0.06%
0.32%
8.84%

10.89%
4.00%
0.84%
0.09%
0.54%
16.36%

10.94%
4.67%
0.99%
0.11%
0.58%
17.29%

15.78%
4.43%
1.47%
0.20%
0.24%
22.13%

Current Assets
Stores, spares and loose tools
Stock-in-trade
Trade debts
Loans and advances
Deposits and short term prepayments
Other receivables
Taxation - net
Cash and bank balances

0.04%
0.06%
36.31% 28.97%
47.48% 58.10%
0.16%
0.20%
0.39%
0.18%
8.57%
7.20%
2.40%
0.02%
0.88%
0.88%

0.07%
26.53%
52.48%
0.27%
0.36%
8.35%
0.46%
1.88%

0.09%
49.06%
26.67%
0.31%
0.32%
12.34%
0.00%
2.37%

0.17%
39.55%
18.20%
0.49%
2.12%
21.08%
0.00%
2.04%

0.18%
40.14%
16.70%
0.39%
1.84%
20.75%
0.00%
2.71%

0.25%
39.35%
12.98%
0.41%
1.39%
19.80%
0.00%
3.67%

Total Current Assets

96.25% 95.61%

90.40%

91.16%

83.64%

82.71%

77.87%

VERTICAL ANALYSIS
Property, plant and equipment
Long term investments
Long term loans, advances and receivables
Long term deposits and prepayments
Deferred tax
Total Non-Current Assets

Net Assets in Bangladesh

Total Assets

100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

EQUITY AND LIABILITIES

Share Capital
Reserves
Total Shareholders Equity
Long term deposits
Retirement and other service benefits
Total Long term Liabilities
Trade and other payables
Provisions
Accrued interest / mark-up
Short term borrowings
Taxes payable
Total Current Liabilities

HORIZONTAL ANALYSIS
Property, plant and equipment
Total Non-Current Assets
Stock-in-trade
Trade debts
Other receivables
Cash and bank balances
Total Current Assets
Total Assets
Share Capital
Reserves
Total Shareholders Equity
Total Long term Liabilities
Trade and other payables

0.65%
0.85%
15.30% 13.66%
15.95% 14.51%

1.12%
12.49%
13.60%

1.35%
23.01%
24.36%

2.29%
25.72%
28.02%

2.44%
27.22%
29.66%

3.28%
30.26%
33.54%

0.39%
0.47%
0.56%
0.66%
1.03%
1.06%
1.29%
0.85%
0.93%
1.09%
1.24%
2.20%
2.22%
2.53%
1.24%
1.40%
1.65%
1.90%
3.23%
3.28%
3.82%
73.04% 77.15% 71.78% 63.78% 55.44% 52.47% 49.30%
0.26%
0.34%
0.45%
0.57%
0.92%
1.11%
1.44%
0.16%
0.16%
0.36%
0.17%
0.18%
0.17%
0.12%
9.34%
6.44% 12.16%
8.65% 12.13% 10.90%
9.20%
0.00%
0.00%
0.00%
0.57%
0.09%
2.42%
2.57%
82.81% 84.09% 84.75% 73.74% 68.76% 67.06% 62.64%
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
2011

2010

2009

74%
85%
463%
1837%
217%
120%
621%
502%
100%
254%
239%
163%
744%

78%
77%
285%
1730%
141%
93%
475%
387%
100%
174%
167%
142%
605%

85%
127%
198%
1186%
124%
150%
340%
293%
100%
121%
119%
126%
427%

2008

2007

2006

2005

92%
97%
303%
499%
151%
157%
284%
243%
100%
185%
176%
121%
314%

99%
106%
144%
200%
152%
79%
153%
143%
100%
121%
119%
121%
161%

93%
105%
137%
173%
141%
99%
142%
134%
100%
121%
119%
115%
143%

100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%

91

Profit and Loss Account

VERTICAL ANALYSIS
Sales
Sales Tax
12.9% IFEM/Levies
3.39% Net sales
83.74%
Gross
ProfitCost of products sold
78.32%Costs
Operating
Transportation
Administrative & Marketing Expenses
Depreciation
Other operating expenses
Total Operating Costs

2011

2010

2009

2008

2007

2006

2005

100%

100%

100%

100%

100%

100%

100%

3.52%

14.15% 13.52%
13.54%
12.7%
12.8%
12.6%
1.68%
1.81%
1.28%
2.35%
2.17%
2.76%
84.16% 84.67%
85.18% 84.92% 85.07% 84.61%
80.65% 0.42%
81.35% 5.15%
84.76% 2.98%
79.77% 4.88%
82.09% 5.42%
79.73%
3.33%

0.08%
0.69%
0.12%
0.23%
1.12%
2.40%
0.61%
3.01%
1.22%
0.05%
1.84%
0.33%
1.52%

0.07%
0.59%
0.13%
0.28%
1.07%
2.25%
0.86%
3.12%
1.13%
0.06%
2.05%
1.02%
1.03%

0.07%
0.71%
0.17%
0.56%
1.50%
-1.09%
0.31%
-0.78%
0.87%
0.06%
-1.58%
0.65%
-0.93%

0.06%
0.76%
0.20%
0.57%
1.59%
3.56%
0.29%
3.85%
0.23%
0.05%
3.67%
1.26%
2.41%

0.09%
0.91%
0.28%
0.18%
1.46%
1.52%
1.93%
1.93%
0.28%
0.08%
1.73%
0.59%
1.14%

0.10%
0.97%
0.31%
0.70%
2.08%
2.80%
0.40%
3.20%
0.25%
0.29%
3.24%
1.10%
2.13%

0.12%
1.27%
0.39%
0.42%
2.20%
3.21%
0.55%
3.68%
0.15%
0.09%
3.62%
1.39%
2.23%

2011

2010

2009

2008

2007

2006

2005

Sales

384%

346%

283%

230%

162%

139%

100%

Sales Tax
IFEM/Levies

422%
191%
374%
386%
396%
249%

363%
184%
326%
350%
359%
212%

298%
107%
258%
288%
307%
22%

227%
159%
213%
233%
234%
218%

160%
104%
149%
165%
170%
89%

136%
113%
131%
140%
141%
125%

100%
100%
100%
100%
100%
100%

259%
208%
116%
208%
195%
287%
502%
314%
3211%
195%

202%
161%
120%
225%
168%
242%
639%
293%
2666%
195%

164%
159%
121%
371%
193%
-96%
188%
-60%
1681%
-132%

108%
137%
119%
312%
166%
254%
144%
240%
369%
235%

118%
116%
116%
70%
108%
77%
144%
85%
312%
76%

117%
107%
110%
229%
131%
121%
118%
121%
239%
116%

100%
100%
100%
100%
100%
100%
100%
100%
100%
100%

Other / Other Operating income

Profit / (Loss) from Operations
Finance cost
Share of Profit of Associates
Profit / (Loss) before taxation
Taxation
Net Profit / (Loss)
HORIZONTAL ANALYSIS

Net sales
Cost of products sold
Gross Profit
Operating Costs
Transportation
Administrative & Marketing expenses
Depreciation
Other operating expenses
Total Operating Costs
Other / Other Operating Income
Profit / (Loss) from operations
Finance cost

Share of Profit of Associates

Profit / (Loss) before taxation
Taxation
Net Profit / (Loss)

233%
196%
90%
261%

233%
195%
252%
160%

204%
-124%
-132%
-118%

133%
233%
207%
248%

149%
77%
69%
83%

468%
124%
110%
133%

100%
100%
100%
100%