BAK Ceramics (Bansladesh) Limited

Transcription

1 RAK Cermics (Bngldesh) Ltd. RAK Twer (7th,8th & 9th Flr) Plt lla, Jsimuddin Avenue, Sectr 3, Uttr. Dhk 1230 BAK Cermics (Bnsldesh) Limited Cnslidted finncil sttements fr the perid ended 3 0 Jun e 2013

2 RAK Cermics (Bngldesh) Ltd cnslidted sttement f Finncil psitin s t 30 June 2013 Assets Prperty, plnt nd equipment Equityccunted investees Intngible ssets Cpitl wrkinprgress Investment in shres f listed cmpnies Ln t sscites Ttl nncurrent ssets Inventries Trde nd ther receivbles Ln t sscites Advnce, depsit nd prepyments Advnce incme tx Csh nd csh equivlents Ttl current ssets Ttl ssets Ntes l0 1l t2 l3 t4 r5 30 June ,945,059,197 I10,425, ,151,421 29,941,703 2,322,235 3l Dec ,000,994,934 99,935, ,670,334 30,955,703 2,199, ,g3g,561 95,204,195 3,173,739, " I,779,556,6 I 5 538,696,992 22,060, ,799,7 05 l,4l3,ggg,g44 1,777,ggg,7l g 621,510,397 4,795, ,599,739 I,303,99 0,7 55 1,087,90 6, ,299,905 5,161,909,039 4,913,994, ,54?5n 8,255,933,779 Equitv Shre cpitl Shre premium Retined ernings Equity ttributble t equity hlders f the cmpny Nncntrlling interests Ttl equity 16 3,062,279,295 2,793,999,350 1,473,647,g7g glg,4lg,2l5 5,455,3 44,479 1,473,647,g7g 1,293,599,640 5,55 1,136,969 41,554,307 l0g,g24, ,999,796 5,659,961,631 Libilities Brrwings Deferred tx libility Ttl nncu rrent libilities Prvisin fr emplyees benefits Brrwings Trde nd ther pybles Prvisin fr expenses Prvisin fr rylty nd technicl knwhw fees Prvisin fr incme tx Ttl current libilities Ttl equity nd libilities l9 l7 l8 t9 20 2t ,041,019 l2l,l62,3gg 18,567,27 5 l2l,l62,3gg t ,729,663 19,802,7 0g 427,g l5,g l5 219,592,969 21,856, ,152, ,523, ,439, ,927, ,291, ,094,969 1,631,412,142 1,455,697,469 2,693,445,340 2,456,242,495 8,33 5,547 "532 8,255,933,77 g The ntes n pges 5 t 37 re n integrl prt f these finncil sttements Dhk Bngldesh Dted, 24 July 2013 Ll ^*; i u"u j**'*' rectr Mnging Directr

3 RAK Cermics (Bngldesh) Ltd Cnslidted Sttement f cmprehensive Incme fr the perid ended 30 June 2013 Jn t June 13 Jn t June 12 April t June 13 April t June 12 Ntes Sles Cst f sles Grss prfit ther incme Administrtive expenses Mrketing nd selling expenses Prfit frm perting ctivities Finnce incme Finnce cst Net finnce incme Shre f prfit/(lss) f equity,ccunted investees Prfit befre cntributin twrker's prfit prticiptin Fund Cntributin t Wrker's prfit prticiptin Fund Prfit befre incme tx Incme tx expense Current tx Prfit fr the perid Prfit ttributble t: Equity hlders f the Cmpny Nncntrl ling interest Prfit fter tx fr the perid 24 2,636,266,597 2,374,325,5g1 1,337,707,760 1,167,g0g,622 2s ( I,60!,1s2,941) ( I,11+,?64,808) (810,?63,400) (6s2,14t,482) 1,027,514, ,060, ?5J6U (160,874,02e)ll (1se,488,430)ll (s2,43s,s07)ll (s,4t7,77rl I (11j,0r 1,s67)l I (7lz,sgz,ssqll ezz,st,ttrll trs+.szr.rqzll (76.7=,2?2,062) (q0=7,603,115) 459,992,494 (22,sl1,l t?)ll (2t.ts4,46qll ul,stq,t+rll r r r.+q.s t r ll 47,701,253 25,923,136 14,791,274 t g,961j?l 5 (26,259,953) (43,762,316) (11,649,960) (22,415,512) (29,151,053),(29,398,182) (14,270,7t,t) (13,,426,075) 452,292, ,220, ,006,046 1g6,45g,1g6 3rw@m@ 2?6,558, A?5 D1%8,510 J6Zr*.: 32r,790, ,366, ,936,215 r34,l2r,7gg (45,232,855),(q1,158,329) (22,967.,705) (31,851,958) 2?6,559, ,209,4?5 123,969, ,g30 Bsic ernings per shre (Per vlue TK l0) The ntes n pges 5 t 37 re n integrl prt f these finncil sttements Dhk, Bngldesh Dted, 24 July 2013 nlv'p 1fu''*1 ' t Z< Mrr"g.g D*rir.

4 66 6i hd 6 F,( rn 6' Nffq$^^crlr E.E'st 5 I 8 il ii 3*l \n c\ \n N i (c)lrscc.l\ trrjl i i l d qc\c (n \/ ;ll ll 33 En \n ll \ tr) \ ll \ in lll i i xll $ \ c \r N \6 \ c $ /rn.=cc\ =S\ CA, E# d.d U 3 EP*l 3! fi B 6Q..vl 5=Fl cetr\f ^6^^ I.!r f \ c t E!,,{ \/ \r' z rn!n6 f fn =f c) Nrn \ rn \ $c\ NC c! 66 \n $ Fr \./ rnl f c 6 C\ N =dt.s Vl cdl FFI r$6' frnr 646 \n CQ\N \ F< \ 466 c \ NN\ C\ \ f clnc \n \/ \ \ c'i \n c N \n \ rl \ Fr.,\ \ \ c \ Fl f f,6 tl F( \n V^I c\ c).n ce $^! c rn rj t \ fq $ + ctl \n in l: l.n i' '= FIE FG _ A :lbe :u)ne e E q., S A us. E E E:6 E fie X i.',ry s DE! u) Crt \/E=E3 9i5.E.r= byr h.l. =6 P e q)xq)s u:== v= '.Y h 'E s \ y. r I l6dt cn H L \/l.e'efi 0) = S EFI.. &C)j trr \ fq P=cr!=.= Ul s\ ts EFI..i PFI 5. ^,^. r^.1 (n l f (nl f 00 6r l * n nl tr l c c\ l \f, \^ ^l 00" \ CI f f \ r rrl "] \ fq f $ t" C f $" ce f, Fr \ \ \ \ \ \n r 66 q F( \N c\f c. \ fq f.f, \^ CE f l:,^.,^.1 c \nl rn cl t \l c! c"i dl l \n cl $ rj dl \ Fr fl + c{l \ l \ fq f.<l. \^ ce f $^ Ḻ U 8 l.n i EEg 3 8Fl il c'i rr A \J \ 6 v v 6 c \n N \n c i@ " f c,i \n c l ^ cn fr. Gi I in c q ct) f c\ V) q) q) $ l;') s u s q) v2 q) Sc NK c) tr Ē= F) \i (rr cefcg S.bE re L 5.=i E 5 EE 6l q'e E *trc) N N 'i = q. E'i; E=;=?'== = ESI= q = =Ai;&? = li* :E : E;E?,RuH s X."E I YEi (h A g E5 2; e f bse = *E EE E: : E PA r E= ;.=.8 G cs E EEi: u,.= = = G I F s Eii E 'J! *,Ui4 ife# E :. e iil :;U tr *EiEEEs {,,ricsc 6EE nqf'fmnqf:fite ' s 4., c l* b q) s q) B r.\ n t.t/, v') q) b B. vj q) q) S. l'r

5 RAK Cermics (Bngldesh) Ltd Cnslidted Sttement f Csh Flws fr the perid ended 30 June Z0l3 Csh flws frm perting ctivities 30 June June 2012 Csh receipts frm custmers Csh pyments t suppliers nd emplyees Csh generted frm perting ctivities Interest received frm bnk depsit Incme tx pid Net csh frm perting ctivities Csh flws frm investing ctivities Acquisitin f prperty, plnt nd equipment Sle f prperty, plnt nd equipment Ln t sscites Investment in sscite cmpnies (Investment)/disinvestment in shres Interest received frm FDR Intngible ssets Adjustment relted t nncntrlling interest Dividend received Net csh used in investing ctivities Csh flws frm finncing ctivities Finnce chrges Avill(repyment) f term ln Avil/(repyment) f shrtterm ln Dividend pid Unclimed shre pplictin refund Net csh used in Jinncing ctivities Net increse/(decrese) in csh nd csh equivlents Csh nd csh equivlents s t 0l Jnury Csh nd csh equivlents s t 30 June 2,629,052,404 ( 1,995,550,592). 633, ,492 ( l0g,ggg, I g2) 524,340,1 l5 (27,195,524) 3,622,334 (36,7 50,) ( 1 33,1 70) 50,090,144 (1,364,246) (22,037,500) 3gl,32l (33,396,641) (22,511,112) 5,473, ,7 62,961 (412,77 9,023), (393,595) (391,446,A26) 99,507,449 ggg,2?9,905 t,0g?,906,353 2,305,469,199 (l,gg7,617,g5g) 407,950,340 3,818,593 (129,7 55,941) 2gl,gl2,gg2 (587,824,090) 3,3 I 9,367 ( 100,000,000) (70,000,000) 605,939 58,206,609 (7,134,164) 21,97 0, ,920 (680,579,410) (21,154,460) (6,796,195) (6,577,336) (369,099,753) (499,20,9) (404,105,942) (902,772,360) 1,442,035, re The ntes n pges 5 t 37 re n integrl prt f these finncil sttements.

6 RAK Cermics (Bngldesh) Limited Ntes t the Cnslidted Finncit Sttements s t nd fr the perid ended 30 June Reprting entity RAK Cermics (Bngldesh) Limited (the Cmpny), frmerly RAK Cermics (Bngldesh) Pvt. Limited, UAEBngldesh jint venture cmpny, ws incrprted in Bngldesh n 26 Nvember 1998 s privte cmpny limited by shres under the Cmpnies Act The Cmpny ws lter cnverted frm privte limited int public limited n l0 June 2008 fter bservnce f required frmlities s per lws. The nme f the Cmpny ws therefter chnged t RAK Cermics (Bngldesh) Ltd. s per certificte issued by the Regishr f Jint Stck Cmpnies dted l1 Februry The ddress f the Cmpny's registered flice is RAK Twer, Plt # 1/A, Jsimuddin Avenue, Sectr # 3, Uttr, Dhk The cmpny gt listed with Dhk Stck Exchnge (DSE) nd Chittgng Stck Exchnge (CSE) n l3 June The Cmpny is engged in mnufcturing nd mrketing f cermics tiles, bthrm sets nd ll types f snitry wre. It hs strted its cmmercil prductin n 12 Nvember The cmmercil prductin f its new snitry wre plnt, expnsin unit f cermics fcilities, tiles nd snitry plnt ws strted n l0 Jnury 2004, I July 2004 nd I September 2007 respectively. l.i Descriptin f subsidiries RAK Phrmceuticls Pvt. Ltd. RAK Phrmceuticls Pvt. Ltd. ws incrprted in Bngldesh under the Cmpnies Act 1994 n 29 June 2005 s privte cmpny limited by shres with n uthrised cpitl f BDT 500 millin divided int 5 millin rdinry shres f 100 ech. Authrised cpitl f the Cmpny hs been incresed frm 500 millin t 1,500 millin divided int 150 millin rdinry shres f 10 ech in the yer The Cmpny hs gne int pertin frm 15 July The pid up cpitl stnds t millin s t 30 June The registered ffice f the Cmpny is t RAK Twer (10 flr), Plt N.: l/a, Jsimuddin Avenue, Sectr N.: 3, Uttr, Dhk1230. The fctry is lcted t Vill.: Fridpur, P.S.: Sreepur, Dist.: Gzipur. The Cmpny wns nd pertes mdem phrmceuticl fcility which prduces nd sells phrmceuticl drugs nd medicines including bilgicl nd nnbilgicl drugs. 55Z shres f RAK Phrmceuticls Pvt. Ltd's is held by RAK Cermics (Bngldesh) Limited. RAK Pwer Pvt. Ltd. RAK Pwer P\4. Ltd. hs been incrprted in Bngldesh under the Cmpnies Act 1994 n 30 June 2005 s privte cmpny limited by shres with n uthrized cpitl f 1,000,000,000 divided int 10,000,000 rdinry shres f 100 ech. The pid up cpitl stnds t 205,000,000 s t 30 June The Cmpny hs gne int pertin frm I My The registered ffice fthe cmpny is t Huse # 5, Rd # lia Sectr # 4,tJttr, Dhk The Pwer Plnt is lcted t villge : Dhnu, P.s: sreepur, Dishict: Gzipur. 57l shres f RAK Pwer Prt. Ltd. is held by RAK Cermics (Bnsldesh) Limited. Clssic Prcelin Pvt. Limited Clssic Prcelin Pvt. Limited ws incrpited in Bngldesh under the Cmpnies.Act 1994 n 19 August 2008 s privte cmpny limited by shres with n uthrised cpitl f 1,000,000,000 divided int 10,p00,000 rdinry shres f 100 ech. The pid up cpitl stnds t 10,000,000 s t 30 June The min bjects f the cmpny is t prduce, mnufcfure, sell nd exprt f 1007 exprt riented ll types f prcelin/cermicmde, tble wre such s bne chin, prcelin white wre, crckery, pttery, hnd pinted wres, mugs, cup nd sucer, pltes etc. 5l7 shres f RAK Prcelin Pvt. Limited is held by RAK Cermics (Bngldesh) Limited.

7 RAK Fd & Beverge Pvt. Ltd. RAK Fd & Beverge Pvt. Ltd. ws incrprted in Bngldesh under the Cmpnies Act 1994 n 19 August 2008 s privte cmpny limited by shres with n uthrised cpitl f 200,000,000 divided int 2,000,000 rdinry shres f 100 ech. The pid up cpitl stnds t 2'000,000 s t 30 June The min bjects fthe Cmpny is t crry n the business nd t ct fr business n Jint Venture bsis t mnufcfure, prduce, sell, imprt nd exprt f ll types f fds, fd prducts, bttled drinking wter nd beverges items in Bngldesh nd brd. 517 shres f RAK Fd & Beverge P\4. Ltd. is held by RAK Cermics (Bngldesh) Limited. 7t. Bsis f preprtin 2.1 Sttement f cmplince These finncil sttements hve been prepred in ccrdnce with Bngldesh Finncil Reprting stndxds (BFRSs), the cmpnies Act 1994 nd the Securities nd Exchnge Rules 19g7. The title nd frmt f these finncil sttements fllw the requirements f BFRS which re t sme extent different frm the requirement f the Cmpnies Act Hwever, such diflerences re nt mteril nd in the view f mngement BFRS titles nd frmt give better presenttin t the shrehlders. Authristin fr issue These finncil sttements hve been uthrised fr issue by the Brd fdirectrs fthe Cmpny n 24 July Bsis f mesurement These finncil sttements hve been prepred n histricl cst bsis except fr inventries which re mesured t lwer fcst nd net relisble vlue. 2,3 Functinl nd presenttinl currency These finncil sttements re presented in Bngldesh (/Tk/BDT), which is the functinl currency nd presenttin currency fthe Cmpny. The figures ffinncil sttements hve been runded fft the nerest. 2.4 Use f estimtes nd judgements The preprtin f these finncil sttements in cnfrmity with BFRSs requires mngement t mkejudgements, estimtes nd ssumptins tht ffect the pplictin fccunting plicies nd the reprted munts f ssets, libilities, incme nd expenses. Actul results my difler frm these estimtes. Estimtes nd underlying ssumptins re reviewed n n nging bsis. Revisins t ccunting estimtes re recgnised in the perid in which the estimtes re revised nd in ny future perids ffected. In prticulr, infrmtin but significnt res festimtin uncertinty nd criticljudgements in pplying ccunting plicies tht hve the rnst sigrificnt effect n the munt recgnised in the finncil sttements re stted in the fllwing ntes: Nte 4 Nte l7 Nte 18 Nte 23 Prperty, plnt & equipment Deferred tx libility Prvisin fr emplyees benefit Prvisin fr incme tx

8 2.5 Reprting perid The finncil perid fthe Cmpny cvers six mnths frm I Jnury t 30 June nd is fllwed cnsistently. 2.6 Ging cncern The Cmpny hs dequte resurces t cntinue in pertin fr freseeble fufure nd hence, the finncil sttements hve been prepred n ging cncem bsis. As per mngement ssessment there re n mteril uncertinties relted t events r cnditins which my cl significnt dubt upn the Cmpny's bility t cntinue s ging cncem. Signifi cnt ccunting plicies The ccunting plicies set ut belw, which cmply with IFRS, hve been pplied cnsistently t ll perids presented in these cnslidted finncil sttements, nd hve been pplied cnsistently by Grup entities, 3.1 Bsisfcnslidtin These cnslidted finncil sttements cmprise the cnslidted finncil psitin nd the cnslidted results f pertins f the Cmpny nd its subsidiries (cllectively referred t s "the Grup") n line by line bsis tgether with the Grup's shre in the net ssets f its equityccunted investees. Subsidiries Subsidiries re enterprises cntrlled by the Grup. Cntrl exists when the Grup hs the pwer t gvem the finncil nd perting plicies f n entity s s t btin benefits frm its ctivities. In ssessing cntrl, ptqntil vting rights tht re presently exercisble re tken int ccunt. The results f pertins nd ttl ssets nd libilities f subsidiry cmpnies re included in the cnslidted finncil sttements n linebyline bsis nd the interest f minrity shrehlders, if ny, in the results nd net ssets f subsidiries is stted seprtely. The finncil sttements f subsidiries re included in the cnslidted finncil sttements f the Grup frm the dte tht cntrl cmmences until the dte tht cntrl ceses. Any gins r lsses n increse/decrese in nncntrlling interest in subsidiries withut chnge in cnhl, is recgnised s cmpnent f equity. Lss f cntrl Upn the lss fcnhl, the Grup derecgnises the ssets nd libilities fthe subsidiry, ny nncnhlling interest nd ther cmpnents f equity relted t the subsidiry. Any surplus r deficit rising n the lss f cntrl is recgnised in prfit r lss, If the Grup retins ny interest in the previus subsidiry, then such interest is mesured t fir vlue t the dte tht cntrl is lst. Subsequently it is ccunted fr s n equityccunted investee r s n vilblefrsle finncil sset depending n the level finfluence retined. Investments in sscites Asscites re thse entities in which the Grup hs significnt influence, but nt cntrl, ver the finncil nd perting plicies. Significnt influence is presumed t exist when the Grup hlds between 20/ nd 50% fthe vting pwer fnther entity. Investments in sscites re ccunted fr using the equity methd nd re recgnised initilly t cst. The cst fthe investment includes trnsctin csts.

9 The cnslidted finncil sttements include the Grup's shre f the prfit r lss nd ther cmprehensive incme f equity ccunted investees, fter djustments t lign the ccunting plicies with thse f the Grup, frm the dte tht significnt influence until the dte tht significnt influence ceses. ".."n.", When the Grup's shre f lsses exceeds its interest in n equityccunted investee, the crrying munt f the investment, including ny lngterm interests tht frm prt theref, is reduced t zer, nd the recgnitin ffurther lsses is discntinued except t the extent tht the Grup hs n bligtin r hs mde pyments n behlffthe investee. Trnsctins eliminted n cnslidtin Intrgrup blnces nd trnsctins, nd ny unrelised incme nd expenses rising frm inhgrup hnsctins, re eliminted in prepring the cnslidted finncil sttements. Unrelised gins rising frm trnsctins with equityccunted investees re eliminted ginst the investment t the extent f the Grup's interest in the investee. Unrelised lsses re eliminted in the sme wy s unrelised gins, but nly t the extent tht there is n evidence fimpirment. 3.2 Freign currency Trnsctins in freign currencies re trnslted t t the freign exchnge rtes previling n the dte f trnsctin. All mnetry ssets nd libilities denminted in freign currencies t reprting dte re trnslted t t the rtes f exchnge previling n tht dte. Resulting exchnge differences rising n the settlement f mnetry items r n trnslting mnetxy items t the end f the reprting perid re recgnised in the sttement f cmprehensive incme s per Bngldesh Accunting Stndrd (BAS) 2 l "The Effects f chnges in Freign Exchnge Rtes,,. 3.3 Finncil instruments A finncil instrument is ny cntrct tht gives rise t finncil sset fne entity nd finncil libility r equity instrument f nther entity Nnderivtive finncil ssets The Grup initilly recgnises lns nd receivbles n the dte tht they re riginted. All ther finncil ssets re recgnised initilly n the trde dte, which is the dte tht the Grup becmes prty t the cntrctul prvisins f the instrument. The Grup derecgnises finncil sset when the cntrctul rights t the csh flws frm the sset expire, r it trnsfers the rights t receive the cntrcful csh flws in trnsctin in which substntilly ll the risks nd rewrds f wnership f the finncil sset re trnsferred. Any interest in such trnsferred finncil ssets tht is creted r retined by the Grup is recgnised s seprte sset r libility. Nnderivtive finncil ssets cmprise investment in sscites, lns t sscites, trde & ther receivbles nd csh nd csh equivlents. ) Investment in sscites Investrnent in sscites re recgnised initilly t cst plus ny directly thibutble trnsctin csts. Subsequent t initil recgnitin, investment in sscites re mesured t mrtised cst using the effective interest methd, less ny impirment lsses. b) Lns t sscites Lns t sscites re recgnised initilly t fir vlue plus ny directly thibutble trnsctin csts. Subsequent t initil recgnitin, these re mesured t mrtised cst using the effective interest methd, less ny impirment lsses.

10 c) Trde & ther receivbles Trde & ther receivbles re finncil ssets with fixed r determinble pyments tht re nt quted in n ctive mrket. Such ssets re recgnised initilly t fir vlue plus ny directly thibutble trnsctin csts. Subsequent t initil recgnitin trde & ther receivbles re mesured t mrtised cst using the effective interest methd, less ny bd debts prvisin. d) Csh nd csh equivlents Csh nd csh equivlents cmprise csh in hnd, csh t bnk including shrt ntice depsits nd fixed depsits hving mturity f three mnths r less tht re subject t n insignificnt risk f chnges in their fir vlue, nd re used by the Grup in the mngement f its shrtterm cmmitments Nnderivtive finncil libilities Finncil libilities re recgnised initilly n the trde dte t which the Grup becmes prty t the cntrctul prvisins f the instrument. The Cmpny derecgnises finncil libility when its cntrctul bligtins re dischrged, cncelled r expired. Nnderivtive finncil libilities cmprise trde & ther pybles, nd interest bering brrwings. ) Trde & ther pybles Trde & ther pybles re recgnised initilly t fir vlue less ny directly ttributble trnsctin csts. Subsequent t initil recgnitin, hde & ther pybles re mesured t mrtised cst using the effective interest methd. b) Brrwings Interest'bering brrwings include shrt term bnk ln. Interestbering brrwings re recgnised initilly t fir vlue less ny directly thibutble trnsctin csts. Subsequent t initil recgnitin, interest'bering brrwings re stted t mrtised cst using the effective interest methd. 3.4 Shre cpitl rdinry shres re clssified s equity. Incrementl csts directly ttributble t the issue f rdinry shres re recgnised s deductin frm equity, net f ny tx effects. Pid up shre cpitl represents ttl munt cntributed by the shrehlders nd bnus shres issued by the Cmpny t the rdinry shrehlders. Hlders frdinry shres re entitled t receive dividends s declred frm time t time nd re entitled t vte t shrehlders' meetings. In the event f winding up f the Cmpny, rdinry shrehlders rnk fter ll ther shrehlders nd creditrs nd re fully entitled t ny residul prceeds f liquidtin. 3.5 Prperty, plnt nd equipment Items f prperty, plnt nd equipment re mesured t cst less ccumulted deprecitin nd impirment lsses, if ny. Cst includes expenditures tht re directly thibutble t the cquisitin fthe prperty, plnt nd equipment. Subsequent expenditure is cpitlised nly when it is prbble tht the future ecnmic benefits sscited with the expenditure will flw t the Grup. nging repirs nd mintennce is expensed s incurred. An sset is derecgnised n dispsl r when n future ecnmic benefits re expected frm its use nd subsequent dispsl. Any gin r lss n dispsl f n item f prperty, plnt nd equipment (clculted s the difference between the net prceeds frm dispsl nd the crrying munt fthe item) is recgnised s gin r lss in the sttement f cmprehensive incme.

11 3.5.1 Deprecitin n prperty, plnt nd equipment Items fprperty, plnt nd equipment re deprecited n strightline bsis in prfit r lss ver the estimted useful lives fech cmpnent. Cpitlwrkinprgress nd lnd re nt deprecited. Deprecitin n dditin t fixed ssets is chrged frm the dy ftheir cquisitin nd chrging f deprecitin n prperty, plnt nd equipment ceses frm the dy n which the deletin theref tkes plce. Deprecitin cntinues t be chrged n ech item f prperty, plnt nd equipment until written dwn vlue fsuch fixed sset is reduced t ne. Rtes fdeprecitin n vrius clsses fprperty, plnt nd equipment re s under: Ctegry f prperty, plnt nd equipment Rte (%) Fctry building 2.55 Generl building Hed ffice building 2.55 Plnt nd mchinery 510 Mbile plnt l0 Electricl instlltin 1020 Gs pipeline l20 Furniture, fixture nd equipment ffice equipment Cmmunictin equipment Tls nd pplinces l20 Vehicles 1020 Fire fighting equipment 20 l0 Deprecitin methds, useful lives nd residul vlues re reviewed t ech reprting dte nd djusted ifpprprite. Lnd is nt deprecited s it deemed t hve n indefinite life. 3.6 Cpitlwrkinprgress Cpitl wrk in prgress is stted t cst less impirment, if ny, until the cnstructin is cmpleted. Upn cmpletin f cnstructin, the cst f such ssets tgether with the cst directly thibutble t cnstructin, including cpitlised brrwing csts re trnsferred t the respective clss fsset. N deprecitin is chrged n cpitl wrk in prgress. 3.7 Intngible ssets Intngible ssets tht re cquired by the Grup (such s designs nd trde mrks fr mnufcture f cermic tiles nd snitry wre nd phrmceuticls prducts) nd hve finite useful lives re mesured t cst less ccumulted mrtistin nd ccumulted impirment lsses, if ny. Subsequent expenditure is cpitlised nly when it increses the future ecnmic benefits embdied in the specific sset t which it reltes. Intngible ssets re mrtised n strightline bsis in prfit r lss ver their estimted useful lives f2 t 3 yers frm the dte tht they re vilble fr use. Amrtistin methds, useful lives nd residul vlues re reviewed t ech reprting dte nd djusted if pprprite. 3.8 Lesed ssets Leses in terms f which the Grup ssumes substntilly ll f the risks nd rewrds f wnership re clssified s finnce leses. n initil recgnitin, the lesed sset is mesured t n munt equl t the lwer fits fir vlue nd the present vlue fthe minimum lese pyments. Subsequent t initil recgnitin, the sset is ccunted fr in ccrdnce with the ccunting plicy pplicble t tht sset. 10

12 Lese pyments In respect ffinnce lese, lese pyments re pprtined between finnce chrges nd reductin f lese libility s s t chieve cnstnt rte f interest n the remining blnce f libility. Finnce chrges re reflected in prfit r lss. perting leses pyments re recgnised s n expense in prfit r lss n strightline bsis ver the term fthe lese. Lese incentives received re recgnised s n integrl prt fthe ttl lese expense, ver the term fthe lese. 3.9 Inventries Inventries re mesured t the lwer f cst nd net relisble vlue. The cst f inventries is bsed n the weighted verge cst principle, nd includes expenditure incurred in cquiring the inventries, prductin r cnversin csts, nd ther csts incurred in bringing them t their existing lctin nd cnditin. In the cse fmnufctured inventries nd wrk in prgress, cst includes n pprprite shre f prductin verheds bsed n nrml perting cpcity. Rw mterils in hnsit re vlued t cst. Net relisble vlue (NRV) is the estimted selling price in the rdinry curse f business, less the estimted csts necessry t mke the sle Impirment Nnderivtive fi nncil ssets Finncil ssets nt clssified s t fir vlue thrugh prfit r lss, re ssessed t ech reprting dte t determine whether there is bjective evidence tht it is impired. A finncil sset is impired ifbjective evidence indictes tht lss event hs ccurred fter the initil recgnitin f the sset, nd tht the lss event hd negtive effect n the estimted future csh flws ftht sset tht cn be estimted relibly. Nnfinncil ssets The crrying munt f the nnfinncil ssets, ther thn inventries re reviewed t ech reprting dte t determine whether there is ny indictin f impirment. If ny such indictin exists then the ssets' recverble munts re estimted. Fr intngible ssets tht hve indefinite lives, recverble munt is estimted t ech reprting dte. An impirment lss is recgnised if the crrying munt f n sset r its csh generting unit (CGU) exceeds its estimted recverble munt. Clcultin f recverble munt The recverble munt f n sset is the greter f its vlue in use nd its fir vlue less csts t sell. In ssessing vlue in use, the estimted future csh flws re discunted t their present vlue using pretx discunt rte tht reflects the current mrket ssessment fthe time vlue fmney nd risk specific t the sset. Fr n sset tht des nt generte significntly independent csh inflws, the recverble munt is determined fr the csh generting unit (CGU) t which the sset belngs. Recgnitin f impirment Impirment lsses re recgnised in prfit r lss. Impirment lsses in respect f CGUs re llcted first t reduced the crrying munt f ny gdwill llcted t the CGU nd then t reduce the crrying munt f ther ssets in the CGU n prrt bsis. Reversl f impirment An impirment lss in respect f gdwill is nt reversed. Fr ther ssets, n impirment lss is reversed nly t the extent tht the sset's crrying munt des nt exceed the crrying munt tht wuld hve been determined, net f deprecitin r mrtistin, if n impirment lss hd been recgnised. 11

13 3.Il Emplyee benefit schemes The Cmpny mintins bth defined cntributin pln nd defined benefit pln fr its eligible permnent emplyees. The eligibility is determined ccrding t the terms nd cnditins set frth in the respective deeds. Delined cntributin pln (prvident fund) Defined cntributin pln is pst emplyment benefit pln under which the Cmpny prvides benefits t ne r mre emplyees. The recgnised Emplyees Prvident Fund is cnsidered s defined cntributin pln s it meets the recgnitin criteri specified fr this purpse. All permnent emplyees cntribute l0 percent f their bsic slry t the prvident fund nd the Cmpny ls mkes equl cntributin t the fund. These re dministered by the Brd f Trustees. The cntributins re invested seprtely frm the cmpny's ssets. Cntributin t defined cnhibutin pln is recgnised s n expense when n emplyee hs rendered services t the Cmpny. The legl nd cnstructive bligtin is limited t the munt it grees t cntribute t the fund. Defined benefit pln A defined benefit pln is pstemplyment benefit pln ther thn defined cntributin pln. The Cmpny's net bligtin in respect fdefined benefit plns is clculted seprtely fr ech pln by estimting the munt f future benefit tht emplyees hve erned in return fr their service in the current nd prir perids. Permnent emplyees re entitled t grtuity fter cmpletin f minimum three yers f service in the Cmpny. The grtuity is clculted n the lst bsic py nd is pyble t the rte f ne mnth's bsic py fr every cmpleted yer f service. The expected cst f this benefit is included in respective nnul Sttement f Cmprehensive Incme ver the perid f emplyment Wrkers'Prfit Prticiptin Fund (WPPF) The Cmpny prvides 5% f its net prfit befre tx fter chrging such expense s WPPF in ccrdnce with "The Bngldesh Lbur Act 2006,' Prvisins Prvisins re recgnised n the reprting dte ifl s result f pst events, the Cmpny hs present legl r cnstructive bligtin tht cn be estimted relibly, nd it is prbble tht n utflw f ecnmic benefits will be required t settle the bligtin Revenue recgnitin Revenue is mesured t fir vlue f cnsidertin received r receivble, Revenue frm sle f gds is recgnised when the cmpny hs trnsferred significnt risk nd rewrds fwnership f the gds t the buyer nd the revenue nd csts incurred t effect the trnsctin cn be mesured relibly in cmplince with the requirements f Bngldesh Accunting Stndrd (BAS) 18 ttrevenue" Finnce incme nd expenses Finnce incme cmprises interest incme n fixed depsits, Shrt Ntice Depsit (SND) nd munts due frm relted prties. Interest incme is recgnized in prfit r lss s it ccrues, using the effective interest rte methd. Finnce csts cmprises interest expense n verdrft, LTR, term ln, shrt term brrwings nd finnce lese. All finnce expenses re recgnised in the sttement fcmprehensive incme. Brrwing csts tht re nt directly thibutble t the cquisitin, cnstructin r prductin f qulifying sset re recgnised in prfit r lss using the effective interest methd. 12

14 Freign curency gins nd lsses n finncil ssets nd finncil libilities re reprted n net bsis s either finnce incme r finnce cst depending n whether freign cunency mvements re in net gin r net lss psitin Txtin Incme tx represents current tx nly nd deferred tx is ccunted fr end fthe yer. Incme tx expense is recgnised in the sttement fcmprehensive incme except t the extent tht it reltes t items recgnised directly in equity, in which cse it is recgnised in equity. Current tx: Current tx is the expected tx pyble n the txble incme fr the yer, using tx rtes encted r substntilly encted t the reprting dte, nd ny djustment t tx pyble in respect fprevius yer. Prvisins fr crprte incme tx is mde fllwing the rte pplicble fr publiclytrded cmpny. 3.I7 Erning per shre The Cmpny presents bsic nd diluted (when dilutin is pplicble) emings per shre (EpS) fr its rdinry shres. Bsic EPS is clculted by dividing the prfit r lss ttributble t rdinry shrehlders f the Cmpny with the weighted verge number f rdinry shres utstnding during the perid, djusted fr the effect f chnge in number f shres fr bnus issue. Diluted EpS is determined by djusting the prfit r lss thibutble t rdinry shrehlders nd the weighted verge number f rdinry shres utstnding, fr the effects f ll dilutive ptentil rdinry shres. Hwever, dilutin f EPS is nt pplicble fr these finncil sttements s there ws n dilutive ptentil rdinry shres during the relevnt perids Determintin nd presenttin f perting segment Detils f prductwise segment reprting s required by BFRSg (perting segments) Cntingencies Cntingent libility Cntingent libility is pssible bligtin tht rises frm pst events nd whse existence will be cnfirmed nly by the ccurrence r nnccurence f ne r mre uncertin fufure events nt whlly within the cntrl f the entity. Cntingent libility shuld nt be recgnised in the finncil sttements, but my require disclsure. A prvisin shuld be recgnised in the perid in which the recgnitin criteri f prvisin hve been met. Cntingent sset Cntingent sset is pssible sset tht rises frm pst events nd whse cnfirmed nly by the ccurrence r nnccurrence f ne r mre uncertin whlly within the cntrl f the entity. A cntingent sset must nt be recgnised. nly when the relistin f the benefits is virtully certin shuld recgnitin tke plce prvided tht it cn be becuse, t tht pint, the sset is n lnger cntingent. existence will be future events nt relted ecnmic mestrred relibly 3.20 Sttement f csh flws Sttement f csh flws is prepred under direct methd in ccrdnce with Bngldesh Accunting Stndrd (BAS)7 "sttement f csh flws" s required by the Securities nd Exchnge Rules 13

15 3.21 Events fter the reprting perid Events fter the reprting perid tht prvide dditinl infrmtin but the Cmpny's psitin t the reprting dte re reflected in the finncil sttements. Mteril events fter the reprting perid tht xe nt djusting events re disclsed by wy fnte Cmprtivesnd reclssifictin Cmprtive infrmtin hve been disclsed in respect f 2012 fr ll numericl infrmtin in the finncil sttements nd ls the nrrtive nd descriptive infrmtin when it is relevnt fr understnding f the current perid's hnncil sttements. T fcilitte cmprisn, certin relevnt blnces pertining t the previus perid hve been rerrnged/reclssified whenever cnsidered necessry t cnfirm t current perid's presenttin. 14

16 6666iin F( A6^66A6i666 66in66A6666F 6^ {J d 6)?A =esn?c) 5tr \Jh.: =.) E? z ff) F( {:N c) G u = Fri? I!> S C! :t F('+ rr \ ca t 99 \n q \ c\ c\ \ Fr f\ 6 6 \ l * N t,r crt r.) rn.f, (n 6666A6h66666 \ \ rn f 9 \ c! sf, Crt = i \ J c.i N Cl e. Ft \9 \ \ F,i tn ; 6l\ \ l q c\.!. c \ N \n tn \ c cn I 99 $ f N \.+ $ C.l r;!n\$cltcnef NFr f f, tr $ t Fl \ Q q' c \r u1 rn \ \ Cl \ \ Fi \ t1^, \ C.l \ ; q ^ q q i q ^,n" f " q ^ q C! cn \ cn tr \ rf, ( f c! cn cn t \ \ \ c:l Ft \ Y" f f ^ l =L? q q 1 $^ { \ l \ f \ \ (r1 c C\ sf, f crt c{c!cnrn$cnc! N t rl c.i c r\ \ \) " \.) $ e.f t c \.l c cn f N! c! 9er )F(!:N vq) =q) (J /r\ lrl SF( 1..? (.) z N Fl :, (\l,1 ej $.l n \Fl? S F< ce r{!!l. C! f \ \ \ (n $.t cl \ c! \.f, + \ r,n ce N 1 cn \ f F( \ $ \ \ F. C.l 66h6666A6i666t I). \ f \ C! (}\ t.n \ tf, \ l 09 \ t.+ rn c{ rn $ + \ N \.+ rn t \ f ci N C> N rr i. 46h66666n66 p t+ CA f \ \n f f F{ N Cn SQ$ci(nc citr f.f, rr + C1 rl N cn rn ci c! e! 09 \ f t) f \ \ \ $ \ r( f\ (n f* N $ f r.,.f, \ \ C.t f \ (rl Fr $ f f Cn r( C\ 9r\ C ea q) \ tn c ci \ \ F( (}\ f, n6666i666!] r cn c r.) \ N c! Fr e \ c{ Ncfu.)c'1 Nqtr cc!c!n =f, c tl \ q ^ cf) $ f, rf, +rn () c.i Z,3 :l F q) (, ri il 0r E] n! L (r) )r {.J U) +) l. r5 \,! fg CE Ū? Fl.:N 6tr r) t Fi q) 6rx ill c $f ll 6A \!l \ r,1 tl \/ rn \/ $ \ f tn c,.\ C\ tr \ \n F,,(.t \ f F( \. \n t f \ f rn C! Cfl f Fi \.+ C! \f, $ Fr Fi Cn ; Ai \ Fr (n S \ N \ cn $ c \!r \ rn f Crl sf, \ v1 \^ =q c.i ^ ^ i v1 q c{ c \ c tn F,. Ci fr^) CA F{ C{ N Fr tn Fr Cn F{ Fl.+ \ c! () f \ q N \ l $ $ Q e \n (n c N c! 99 q\ f (n rf, f \ \ \ $ \.<r tr f \n f C.l 6hn66666nh66!r.+ r rn f, \ \ crl r. \Q s C! Fr f f Cn r( i C{ \ \ c.i _ \ tn ci cn \ \ $ \ F \ 66n666ii66!? r cn Jl c \.) \ c! c\ r< c \ lctlncncnc\c! c\.t cn r c\qfr tn tl c.i?r? ee n: i*t;=13=ei3lr z A v t.'l t{ ll Q E] il er f.l A t! q) t 0.rt ) li rfr L CE U9 0 r L d U 6l tl EN r.tr r" tr( (,) cex &L $ c! (n s rn f \ c! Ftllfvi+ \/^ f\ \.f, F{ c.l \/ \ n^ $ f \ c.i r. \ f rn \ \ f f C F{ N '1 tn rn r c\{ c t{ \ c! (n c{ $.+ \ F{ \ \ N f [n. \ N 6666h66 n6t tn N \.f, C.l ci \ c.l \!f, \ '+ n F( f C{ Cn cn Cf) \n rn rn C.l tn \ \.) c $ c \ tr " 66in66i6n6 c\rrnsf,rrnfr \r) cn \ c{ tr \ C.l cfl N \ <f, ci \ \ F,. tn Fr rr \ $ f f =f, ci \ cn l q q q,r," c.i \ c1 " q \" \ Fi r sf, \ \ \ \ \ r\ Cfl \ C.l ta $ \ $ f \ c $ f r\ N \ \ \ t\ \ \n rr \ ; \ Fr S <r \i qt vi c.i c.i rj rj i,i rj 6..i f C! (\l tf, rr Cn Fr Fr C\l Fr\F( t ce?r? ee {"? tti:=33=3egfr f \ =t" \ d \ c.i r? 9 c.r t $ l..) \ \ r \ c\ Fi \ Er (rl t) $!t f rn cn \ \ ; J tr. \ \n f Fr cn \f, c Fi f\ tl.l \ Ci 66iGi6666n666 cgn f tn \ f cn \71 f \ J \ 6n el \ rr t) cn N t( cn 6 i crt c\l (.) rn (n ce r \ \n C) \ G66n 9 (A 9)! :* $ \ C! cn $ $ \ r c.i c.i f f\ \f, N.f, rn c =er!h FFt tf) f \ F( c1 C\ cn f \ c'i d f,ri tn N r.l tyn q CJ *j c) A 7 F?!+ ce cn F,( N rn r (n tf,!f, \ F C{ N \ \ c!.f, s N \ { $ r \ l $ rn tn f \ c{ \. 6i6n6^666d6 6l \ \ tr c l\ c ( c.l 6 r ('.1 \ cn t cn C! N \ f \ cf (\l crr, fn \ t,a C{ (n cft F( ti f \ \ C> + \ q 6i6in6666A6 A \ F{ t,r r( \ C! CA N Cn $ f fi Cr (n tf, tr r ci c! f, (n c (n f \ r_{ c"} C! t/i c () tr /r \J U d I3GE c.2 U2 ō '!, rn c fllft F{N \ \ N\ \./ rn^ \/ \\ ClcC\ f \ C! f f rn tr \ cn \ I r,r I <. (n \ A f r,1 \ c '1<\ fcic!f +rcnc\ cn.r'^ q cqr <\ crl Ft \ c rr c\ cn rn cf) " cn c!.i \ $ N tn i \ C.t \ c.i F. A v U 68 d3 4.2 Cg A. t) L +J N c) rn f e! fll\ \ r c! t\ \ rn \.., t \../ Nceftn\c., Fr rn cl1 C{ f C..l C.t q^l,^! I q\a,\^ = r.) cnl rc! ct tr5!.ftr\:f,\ i^^ q qqr\ q (\l \f, (n c! tr c! c{ J Fr (n N t. rn \ \" \ cl v? rn $ f \(n c.t {tf, \ {) L 6) lr ri1 d:cg +, L c't? t{ Fl *G AN Lq) 9tr 9t rl A \rh Ōe? u?a 615 e)n CJ trtr JE GCE A U) L c! I *) L cg 0r rr cn cq F. cl Ln r (n $ \ r C.l $!: rt C! \ \ $ C! $ + C{ \ j? n^ \ e^.l.r^ ^.n",r," q q { " N \ \ r,( c.) f cn (n c \ \ l \ ci (n cn N C.l \ f \ cn C!..n \? f v1 i \ q " q " ^ =t"." \ rr F. F,( \ C C\ Ce :+ f (n C :f, 09 r r ci N.+ (n c f \ Fr CtI N cn.i,*q E IHig E EEE E q=tee B EE8EEEIE+EE T ;3E E EEEESgEEis5ifE f \. \n cn,ri \n t.) (n cn c\l (,) cn (! F N tt N (J () Atl? 6l c!5 ()N CJ Etr c! c! /rf\ F( I A U) Lr c( )q) :. LG A t cl \ c c{ rn r \ Fr \ r\ c! tt (n N c \.f, \ \ \ \ \ ; c\t c! Ft r c\.f, en r ce \ \ r, 6n6i666^ \ F. \ N d C C! Cn r,( \ F( :t \ (n \ C! N \n!f, ci $ c = \ f t( tn Fr +. f*. lfi $ Fr + 6 \ \ t \ \ N e! { c f cn ce \ \ f $ C\.f, (n c'1 f C! \ rr q C\ c EE EA :=: E ieqh 3 Seph E P 3E H \n5'15tr = ='= =, EEE E q<ege I EE8EEZTE+EE E te <r'i = = 0). t h he d FE B s f E (, e ed Ji E 6.E I E; u E,E E = SEEsSgSEESSE9# \ \ (n \i cn $" \ q $ c{ c! c),. 0) C) c cd d F

17 4.1 l)eprecitin chrged t 30 June June 2012 Cst f gds mnufctured (Nte 25.l) Administrtive expenses (Nte 27) Mrketing & selling verhed (Nte 28) 4.2 Dispsl f prperty, plnt nd equipment 169,7 66,137 13,493, ,223,536 14,434,599 2,025, June 2013 P rticu I rs riginl cst fuku Accumulted deprecitin Bk vlue Sles/Insurnce clim receipt Mtr cycle 663, , , ,7 49 Vehicles 5,2gg,g l g 4,950, , I g5 3,234,27 4 ffice euipments I l ,311 Ttl 6,223,935 5,290, ,194 3,622, December 2012 Prticulrs riginl cst Accumulted deprecitin Bk vlue Sle/Insu rn ce clim receipt Mtr cycles 254,93 g 91, , ,203 Vehicles 4,323,092 2,103,192 2,2lg,gg0 3,423,07 6 ffice equipments "6g Ttl 5,

18 )f, I ia \ n n6 66 6nh i 666 6ii b ffet H H'rl 9.r v) cg Vl 6Jl 6Fl z s n nlnll 3 R Al$il =tr Gi ildll = l=ll x93 sgb F( F( in c \../ e.l r.l ll \.+ \ lc ll s ; *t*il $ $ =lril \AC.+ (n ce +'r '+ d i c.i C\ f [n.f,f{n d c.i \d tr \n CA q, \"/ ql. 3l _ l tt >t El t=l dt 't 9t $iflfll s$qql sbu*l.+ \ l\! q q =,:l\l F s, l3l].9.: '= dt.r H!l lul =Fl d F $61 \n NC\\ \ d Fr\$ rj =f 0 f \ c cn) rr.+ N \N >', 4., c) t< f.+ NNf, \n c\ r rnn\ Sf,c\ f Nf Fr \N 0) () C) A. V) () t< t l l l l *.1 t{=l l t<l.,.i fn\ C\ f \ $N 666 \ c\ (n \n$ c\ 606 6l \ \ ln F( v\/ \G' $$ caf c.i =f vi ln rr N,q \^,ri N\ 3, c9 q) () t U2 (). E8 EE tr..= cdl =*l F FI z, E 0.) E Egl ) r) d L<l ' ) 13dt d &l E FII F () E g, cr = : 0)&l H'rl z I cdl U 't< J<I 6Fl Lr L U. Sr c) c A I.. 1)() :)0 1u),^, Xc) =c! 5tr C! r.i IA LV,>.r +. c) i ry :. E tet IC' CUI cf) I c \ I\\ r 6 \ Fr \n \ c"i Fr Cn f tn [r \t'.+ 6l N r( C F(N Fr \ \ \f, 666 \N 1r t C\ c F,. \ rr Fi \ f\ \n \ \t N\f, \n r r 666 ce c\ c f \ \ Ft f \ ca $ [n F( \n fca f f \ f \.f, cnfr ce NFr ce \n c r C\CN 666 tf, \ c\ Ct'\ tn f6l.f, Fr \ N(nc c.) :. r r 6\ 6\ e\ \N CA+N :.Y ' rp 'J l. \ +) _ A.HA L15 :Cd u)ee! j trtr.cg d tc0?ql h rt. v 5l 'E s e Tl ()l(0=r d.e 8 trl 2 El vvv?l &&&.+ v F CB (n f \ N M F rc C) J (r) () ' (B d d () U v &(t{ 4.. C) r () d 1, d d () d C) (r).: Nl, t{l cl!nl vc.)l /r) G)l TAI Cd EI I rrr U)?QI l f\ f \n \.f, $N 6l ti (n \.+$ Nff ce\ c\ Fr ff \ t\nc \$ rr ".I f c N(}\ \n f $ tr Nr@ (n \ c r.lnc! S in rr tn n66 N\$ Fl f Ft \ c Fr Fr f\( f 6A6 \$c \ \ r N\n\n 666 C')Fr Ntnf \ Fr f\n f ce \f, F( +!r c \n tn \n C}\ \n \n 666 c$c \ ce N tr \ Fr \ C}\\\ \ \n 666 c\ \n rl f rt ra\ 66h \ \n rr fn Ce c 10 :... g\ 9\ 6\ \n c.fn +) UH \r, \ t) Fl l t'*.; I*,\ Fr(,\ E +r.=r ():(d v)ee0 L, ri l< ldc.d 638tr, 'E B'<: s fl d.e 2 dji V) Fr Z MMM &&c i $ M F. E d \ M F E () J (n C) E cd b d C) 6J t< C) () M & qi A. () >, () () d b E d t< t< d {r) () U) cd () q,r (.) cd V) l C)I l tri 6)I t (.)I ill FI u)l ()I l trl (.)I.l XI r!l ()I EI l I trl <*.,1 El l 6l.rl trl =t Et EI EI ()I HI EI $ EI et.l cl l r<l C)l cl >t 5t \ ln ^!l f C? $ce f.+ +r fci 6h6 c.+ Ce \ \ \ ln rn \l.n N\nc! c Fr C)c)) +9!) C Cdd.F(.. v)v) C C C.l rl ri rl NN6I (.)0)() ))) ts{ F( L. f. F1 ).) c c c y 10 1g \ \N \ \ c.f,n s5 6i c,ri t fr.fr Nrn\ F{ l,n (n f c in f.+ i\f, n66 N\'+ N\rc in Ft \n $f 666 N\ \ \ t< \ qq rn r N\$ N ()()() +f :. 9 63cd(B.rt..F( u) 0 NNN rt r,1 F( N6lC\ ()c) trtrtr t))) l):h C., C CA :. r r e\ 6 6\ (N ca \1. c\l 5s.l &EEE "A eheg 3i E F T)_jtr'jtrEt, ee* P E;S 18 3 rer ;EP Nr E El ltg E e e H E e B ; rt 6.E 8 Tl E.= g c)l 6Jil 6A # ;l xx5 ;l xxx f:.

19 Intngible ssets Blnce s t I Jnury Add: Additin during the perid Less: Amrtistin during the perid Blnce s t 30 June Cpitl WrkinPrgress Blnce s t I Jnury Add: Additin during the perid Less: Trnsfer t prperfy, plnt & equipment during the perid (nte 7.l) 30 June l Dec,20l2 112,670,334 1,364, l0g,l5l,42l 113,929,723 9,544,691 10,803, ,6? ,95 5,703 36,57 9,205, ll,3gg,27l 91,052,972 42,343, ,631,177 13,502,27 I 96,67 5,47 4 2g,g4l J03 30,955, Items trnsferred frm cpitl wrk in prgress t prperty, plnt & equipment Fctry building Fctry ffice building Plnt & mchinery Cmmunictin euipment Investment in Shres f listed cmpnies 6,283,171 4,491,,362 2,727,739 13,50227, 24,210,365 5,041,257 67,423,852 96,6? 5,4? 4 Cst price Less : Unrelised lss 30 June 2013 Nme l cgmpnies ICB BSRM Steel UCBL Uttr Finnce DESC By Lesing Meghn Lif Insurnce PLFSL Sure Phrm ne Bnk Prime Bnk Ttl 31 December 2012 Nme f cmpnies ICB BSRM Steel UCBL Uttr Finnce DESC By Lesing Meghn Life Insurnce PLFSL Squre Phrm ne Bnk Prime Bnk Ttl N. f Shres N. f Shres ,500 13,225 1,540 2,597 3,060 2,100 1, ,7 37 4, ,000 10,225 1,400 2,597 3,060 2,100 l, ,250 j, ,85 8 Mrket vlue Unrelised Cst price ut 39 lune 2013 gin/(lss) 461,696 1,7 57,3gg 7 84, , , , , ,750 56, , ,450 I 13,533 5,404,42? Mrket vlue Unrelised Cst price t,31 Dec 2012 gin/(lss) 461,696 1,7 57,3gg 7 84, , , , , ,750 56, , ,450 5,004,427 (2,692,192) s 301, , ,147 I19, ,054 I I 1, ,560 34,512 67, , , , I 2,110 I 16, ,523 l0g,0l7 236,990 35,640 51, J}A 135,420 5,004,427 2, t 99,065 5,004,427 (2,915,362) 2,199,065 ( I 59,884) (917,399) (557,967) (7 6,232) ( l gg,023) (205,954) (342,572) (116,239) 11,052 (g3,l5g) (35,917),6u,lg2) (209,3 l0) ( I,079,399) (472,004) (78,906) (243,554) (209,915) (323,252) (115,110) (4,779) (69, 103) ( 14,030) Q,8t5362) 18

20 10 Ln t sscites RAK Pints Pvt. Ltd. Inventries 30 June l Dec ,939,561 95,204,195?? g3g,56l 95,204,1g5 ll Rw mterils Stres nd cnsumbles spres Finished gds Wrkinprcess Gdsintrnsit Trde nd ther receivbles 7 47,212, ,352, ,220,924 35,1 43,312 14,626,956 lj?9,556, ,949, ,099, ,399,406 34,017,206, 12,421,340 tjn,888j t8_ I 1.1 Trde receivbles (Nte I l. l) Clim receivble Accrued interest (Nte ll.2) ther receivble Trde receivbles 509,340,996 2,577,932 26,200, ,, g,696,gg2 597,414,601 5,063,730 17,237,7 5g t,7943ag l,stwn ll,2 Receivbles frm lcl sles Receivbles frm exprt sles Accrued interest 509,340, ,340, ,215,356 3,199,245 59? At4,6U t2 Interest ccrued n FDR Interest ccrued n ln t sscites Ln t sscites 14,931,,07 5 I,269,544 9,326,431 7,911, ,619 t? 23? J RAK Pints Pvt. Ltd. Advnce, depsit nd prepyments Advnces: Emplyees Lnd dvnce & thers Suppliers gisnt mteril & services Security nd ther depsits: Prepyments: Tits gs Mymenshing Plli Bidyut Smity2 VAT nd supplementry dury (nte l3.l) Depsit with incme tx uthrity Depsit with VAT uthrity ther depsits Huse rent Insurnce thers 22,060,439 4,?95,9 t I zs,2g3,bs3 I I 28,tg4,223 I I tr,g,sssll z,tgg,qtzl 157,390,424 r,gg19ll r,ggl,9i r,,3ss,436 I I 4t,,sz,4s7 I e,75,73g l l 9,705,739 1 s, r 89,5 I I 8,596,796 I I z,t n,qzs ll :,:sz,: r I 95,180,445 :8,55s,4s4 ll 33,818,050 I 67,227,936 3reJ?8J0s 64,430,166 2t?,

21 30 June l Dec_ Supplementry duff & VAT Blnce s t I Jnury Add: Tresury depsit fr SD & VAT purpse Rebte f input VAT Add: Receivble SD & VAT Less: SD & VAT n sles thers pyble Blnce s t 30 June 41,902, ,925, ,969, l g I 40,993,519 1,066,59 6, ,7 45, ,695,699 1,412,215,705 72, ,767, ,263,994 2,144, ,409,505 53,359,436 1,412,215,705 1,369,05 4,273 2,259,935 1,370,313, ,49? 14 Advnce Incme Tx Blnce s t I Jnury Add: Pid during the perid Blnce s t 30 June (ntes l4.l &. 14.2) 1,303,990, ,002,439 ]0g,ggg,lgg 355,999,317, 1,413$ggg44 1,303,990,?55 l4.l Hed wise pyment Imprt Exprt Supply Interest n bnk depsit Rentl incme Registrtin Dividend incme Pid in csh 14.2 Yer wise pyment 380,221, , ,930 44,666, ,261 1,015,700 13,063, ,897,400 l,l3sgg,gm 341,524, , ,397 39,914, , ,700 7,151,000, 9l2,gg7,3gg 1,303,990,755 Incne ver Current perid Yer 2012 Yer 2011 Yer 2010 Yer 20A9 Yer 2008 Yer 2007 Yer 2006 Yer 2005 Yer 2004 Yer 2003 Yer 2002 Yer 2001 Yer 2000 Yer ,9gg,lgg 322,,663, ,597,7 0g 263,967, ,346,023 86,369, ,916,529 95,937, ,663,in 330,5 87,7 0g 263,967, ,346,023 86,369, ,916,529 95,937,931 3,197,659 3,197,659 1,607,995 1,607,gg5 1,7 46,309 1,7 46, ,941 87g,g4l 9,699,904 9,699,904 5,17 6,302 5,17 6,302. 3,349 3,349 l,l3,gw,gm t,303,990,?55 20

22 30 June l Dec Csh nd csh equivlents Csh in hnd 3,595, l3g 3,690,020 Csh t bnks HSBC (current ccunt , , l,0l I BDT) stndrd chrtered Bnk (current ccunt 0l l, 0l I BDT) Agni Bnk (cunent ccunt BDT) Citibnk N.A. (current ccunt G BDT) Dutch Bngl Bnk Ltd. (cunent ccunt 117' , ll7ll}2481, ll BDT) HSBC (ERQ ccunt USD) Stndrd Chrtered Bnk (ERQ USD) HSBC (mrgin mney , 00t I BDT) EXIM Bnk (SND ccunt BDT) Dutch Bngl Bnk Ltd. (SND ccunt I lz120589, t l BDT) BRAC Bnk (SND BDT) Prime Bnk Ltd. (SND t BDT) HSBC (STD l 067, 00 l I , 00 I _0960 I 5_067 _ BDT) Islmi Bnk Bngldesh Limited (current ccunr ) Dhk Bnk Limited (current ccunt g4) Premier Bnk Ltd. (Current ccunt l02l l BDT) Greenlnd Equity (Mrgin ccunt g I 9 l BDT) IP bnk ccunt CitibnkN.A. (RAKIP Centrl Accunr c BDT) CitibnkN.A. (RAKIPNRB Subscriptin c USD) CitibnkN.A. (RAKIPNRB Subscriptin c EUR) Citibnk N.A. (RAKIPNRB Subscriptin c GBp) Dividend bnk ccunt BRAC Bnk (Cunent BDT) 2010 BRAC Bnk (Current BDT) 201 t SCB (Cunent BDT) 2012 Investment in Fixed Depsit Receipt (FDR) HSBC(FDR , , , t , , , & , ) scb (FDR 9 60 I I I 9, 9 60 t , 9 60 I t22 & t) Prime Bnk Ltd. (FDR , tz5 4 t t , & 2047 I I 03) Dutch Bngl Bnk Ltd. (FDR , ll , , rr , rl7s , lr s2, ll r,r ,n ,824,150 73,819,415 1,455 6,815, ,707,389 8,485, ,967 ss, l sz 44,51 9,3 gg 43,152,299 38,929,1 I I 1,455 14,279,279 13,312,403 8,g l 3, , ,044 4gg,ggg 42,434,794 8,27 4, ,622 20,157,450 7,511,422 l,gg3 8, , , ,004 31,67 0 9, ,991,177 I 78,53 1,465 2,242,970 3,970, ,609 2,543,384 4,047, , s93 6,493,346 6,870,655 2,326,629 lll7l,l7 4 2,225,335 9,7 g5,ll7 5,132,027 9,683,991 2t 956, ,306, ,956, , ,7 62, ,994, ,542, ,000,000 50,000, ,052,70A 777,260,47 4 Ttl t,0g?,906,3 53 ggg 21

23 30 June l Dec 2012 t6 Shre Cpitl Authrised : 600,000,000 rdinry shres f l0/ ech 6,000,000,000 6,000,000,000 Issued, subscribed, clled nd pid up : 306,227, ,388,935 rdinry shres f l0l ech 3,062,279,295 3,062,279,295 2,793,999,350 2,?93,999,350 Percentge f shrehldings : % % RAK Cermics PSC, UAE S.A.K. Ekrmuzzrnn HH Sheikh Sud Bin Sqr Al Qssimi Sheikh mer Bin Sqr Al Qssimi Sheikh Ahmd Bin Humid l Qssimi Hmd Abdull Al Muttw Dr. Khter Mssd Abdllh Mssd Mnj Uttmr Ahire Generl Public (including EII & emplyee) Clssifictin f shrehlders by hlding ,217,363, ,1 l g,g r ,793, ,015,795, ,563, t2t t2t t2t 12t 582,539,335_ 2,?g3,ggg,3 50 Shrehlder's rnge Number f shrehlders Number f shres 2012 Less thn 500 shres 501 t 5,000 shres 5001 t 10,000 shres 10,001 t 20,000 shres 20,001 t 30,000 shres 30,001 t 40,000 shres 40,001 t 50,000 shres 50,001 t 100,000 shres 100,001 t 1,000,000 shres ver 1,000,000 shres 48,351 51,525 l},299,g16 10,900 9,933 I 3,53 g,795 5 I I 449 3,,479,7 6g lg2 l5g 2,4gg,2gg ,255, ,135,569 2t 19 g25,g4g ,792, ,325, g,gg5,0gg 60,133 61, ,227,g2g I,231, ,470,010 3,094,240 2,17 5,095 1,305, ,204 g4g,gg7 2,625,569 g,g23,ggg 234,921,617 2?9,399,935 22

24 t7 Deferred tx libilities 3 0 June l Dec 2012 Blnce s t I Jnury Less : Deferred tx incme Blnce s t 30 June l2l,1 62,3 g g t2t,t623gg 134,641,799. (13,479,410) 12 t, t 62,3 gg 18 Prvisin fr emplyee benefits Prvidend fund Grtuity fund 5,193,093 14,619,616 19,902,709 5,372,511 16,493,707 21,956,2 t g Blnce s t I Jnury Add: Prvisin mde during the perid Less: Pyments mde t fund during the perid Blnce s t 30 June 2013 Prvidend fund Grtuity fund 5,372,511 16,493,707 l g, 103,790 9,309,900 23,47 6,291 24,792,507 lg,2g3,lgg 10,172,991 5,193,093 14,6 tg, Ttl 2l,956,219?6,412,590 49,269,799 28,466,099 19,g02J0g 20t2 Prvidend fund Grtuity fund Ttl Blnces t I Jnury Add: Prvisin mde during the yer Less: Pyments mde t fund during the yer Blnce s t 3l December 1,619,309 32,241,962 33,860,171 28,487, ?2,511 9,739,073 13,262, ,000,549 6,516,942 rcanj? 11,356,392 15,504,339 56,960,720 35,004,502 21, Brrwings Nncurrent: Term ln Current prtin f term ln Current: Bnk verdrfts Shrtterm brrwings Current prtin f term ln 19.1 Brrwings by mturity 3g,g0g, 104 ( 14,969,096) 24,041Jl8 153,7 90, ,257,232 14,969,096? ilsgts 33,097,Ag2 (14,529,907) 1856? 2?s 115,925, ,697,225 14,529, ,152,953 At 30 June 2013 < 1 yer I2 yers 25yers >5yers Ttl Bnk verdrfts Shrtterm lns Term lns nd thers 153,790, ,257,232 14,969,096 9,725, ? gr5gr5, 8J25,ru 153,790, ,257, ,909, I t,g56,gn At 3l December 20L2 < I yer. l2 yers 25 yers > 5 yers Ttl Bnk verdrfts Shrtterm lns Term lns nd thers l.l5,g25,g2l 259,697,225 14,529,907 9,7 69,47 4 g,7gg,g0 I 3 gg, 1 52,953 g J 6gA? 4 g,?gs,g t 115,925, ,697,225 33,097,092 40? J20,229 23