income statement , balance sheet economic earnings of 3 companies

Balgladesh Welding Electrodes Ltd.Balance sheet for the year ended December 31

2008 2009

Assets:

Non current assets:Gross Block 205,071,344 223,603,035Less: Accumulated Depriciation 20,706,403 25,690,496Net Block 184,364,941 197,912,539Deffered Tax Assets 52,702,207 52,313,750Total Non-current Assets 237,067,148 250,226,289Current Assets:

Inventories 163,091,845 160,754,845Accounts Receivable 65,662,762 85,248,020Advance deposits & prepayments 50,293,304 23,934,169Cash & cash equivalents 15,402,361 21,994,540Total Current Assets 294,450,272 291,931,574

Total Assets 531,517,420 542,157,863

Equity and Liabilities:

Shareholders' equity:Share capital 104,000,000 104,000,000Capital Reserve 26,094,843 26,094,843Revaluation Reserve 51,203,495 51,203,495Retained earnings 12,751,885 22,142,759Total Shareholders' Equity 194,050,223 203,441,097

Non current liabilities:Directors' Loan 50,000,000 50,000,000Term Loan 70,655,677 59,339,225Finance LeaseDeffered Tax LiabilitiesTotal Non current liabilities 120,655,677 109,339,225

Current laibilities :Short term loan 179,855,722 192,471,825Directors' Loan 6,690,000 0Debenture 9,654,120 8,531,540Finance Lease 1,863,206 1,276,008Sundry Creditors 1,388,669 3,092,829

Liabilities for Expenses 977,284 1,720,026Dividend Payable 3,239,985 3,448,745Liabilities for Other Finance 13,142,534 18,836,568Total Current Liabilities 216,811,520 229,377,541Total Liabilities 337,467,197 338,716,766

Total Equity and Liabilities 531,517,420 542,157,863

Difference 0 0

Number of shares 10400000 10400000

Balgladesh Welding Electrodes Ltd.Balance sheet for the year ended December 31

2010 2011 2012 2013

495,945,034 477,304,537 505,603,465 515,315,296 #REF!31,401,268 o 0 0 #REF!

464,543,766 477,304,537 505,603,465 515,315,296 #REF!36,862,666 54,456,181 29,723,548 27741978

501,406,432 531,760,718 535,327,013 543,057,274

178,095,845 251,871,231 267,058,545 271,777,298 #REF!100,108,445 134,915,225 175,509,808 200,381,784 #REF!

23,367,612 41,224,324 45,713,278 48,937,527 #REF!21,437,857 115,614,195 108,708,709 78,885,063 #REF!

323,009,759 543,624,975 596,990,340 599,981,672 #REF!

824,416,191 1,075,385,693 1,132,317,353 1,143,038,946 #REF!

104,000,000 370,760,000 389,298,000 408,762,900 #REF!26,094,843 26,094,843 26,094,843 26,094,843 #REF!

302,251,308 253,153,893 249,230,324 246,195,047 0%20,827,993 18,728,757 22,759,621 13,110,679 #REF!

453,174,144 668,737,493 687,382,788 694,163,469 #REF!

50,000,000 50,000,000 50,000,000 50,000,000 0%56,304,862 41,794,066 24,287,757 10,397,242 #REF!

785,621 533,749 1,293,670 44,674,216 43,981,822 43,446,185

106,304,862 137,253,903 118,803,328 105,137,097 #REF!

224,817,576 220,947,731 269,095,835 284,254,944 #REF!0 0 0 - #REF!

4,228,100 1,524,590 1,506,050 396,965 #REF!924,468 0 0 - #REF!

3,512,287 3,903,711 3,704,137 7,829,663 #REF!

998,144 1,125,260 1,384,960 804,169 #REF!2,131,770 3,630,260 3,274,757 - #REF!

28,324,840 38,262,745 47,165,498 50,452,639 #REF!264,937,185 269,394,297 326,131,237 343,738,380 #REF!371,242,047 406,648,200 444,934,565 448,875,477 #REF!

#REF!824,416,191 1,075,385,693 1,132,317,353 1,143,038,946 #REF!

0 0 0 0

10400000 37076000 38,929,800 40,876,290

Bangladesh Welding Electrodes Ltd.

Income Statement for the Year Ended December 31

Particulars 2008

Turnover (Net) 162,334,880 Cost of good sold 109,729,464 Gross Profit 52,605,416 Administative Expenses 8,210,289 Selling & Distribution Expenses 13,403,471 Financial Expenses 29,681,713Total Operating Expenses 51,295,473 Operating Profit/(Loss) 1,309,943 Interest income: 1,887,551 Flood Loss (110,857)Profit/(loss) after non-operating income 3,086,637 Provision for contribution to WPPF 152,262 Profit before income tax 2,934,375 Less: Provision for Income Tax - Net Profit/(Loss) after tax 2,934,375

Add: Retained Earnings Brought Forward 9,817,509

Add: prior Year's AdjustmentRetained Earnings Carried Forward to Balance Sheet 12,751,884


Income Statement for the Year Ended December 31

2009 2010 2011 2012 2013

215,806,986 211,764,541 278,890,380 416,369,913 109,592,774 134,974,065 124,311,923 187,570,599 295,784,026 71,564,308 80,332,921 87,452,618 91,319,781 120,585,887 38,028,466 9,490,020 11,885,441 13,317,326 24,017,879 10,209,791 19,596,410 18,698,073 23,174,106 33,292,897 - 36,413,468 34,494,980 51,044,379 51,044,379 13,659,682 65,499,898 65,078,494 87,535,811 108,355,155 23,869,473 14,833,023 22,374,124 3,783,970 12,230,732 14,158,993 2,423,885 1,625,069 11,087,653 12,530,316 2,799,479 - - - (1,646,546) 17,256,908 23,999,193 14,871,623 23,114,502 16,958,472 845,567 1,142,819 1,267,261 1,100,691 807,546 16,411,341 22,856,374 13,604,362 22,013,811 16,150,926 4,820,467 8,571,141 9,504,458 8,255,179 6,056,597 11,590,874 14,285,233 4,099,904 13,758,632 10,094,329

10,051,884 6,542,759 2,887,993 190,756 22,759,622

8,810,232 21,642,758 20,827,992 6,987,897 22,759,620 32,853,951

Eastern Lubricants Blenders Ltd.Balance sheet for the year ended June 30

2007-08 2008-09 2009-10Taka '000

Assets:

Non current assets:Fixed Assets at cost 22,312 8,409 7,776Less: Depriciation 13,216 0Investment at cost 3,269 3,269 3,269Total Non Current Assets 38,797 11,678 11,045Current Assets:

Inventories 506,213 0 0Trade Debtors 96,815 121,149 50,521Other Debtors 1,496 1,789 1,492Advance deposits & prepayments 14,073 7,324 7,273Income Tax Receivables 4,587 4,062 3,022Bank Balances 64,482 69,368 66,909Total Current Assets 687,666 203,692 129,217

Total Assets 726,463 215,370 140,262


Shareholders' equity:Share capital 9,940 9,940 9,940General Reserve 43,279 45,804 49,219Proposed Dividend 2,485 2,485 2,985Total Shareholders' Equity 55,704 58,229 62,144

Current laibilities :Creditors & Accruals 173,649 156,195 77,175Unclaimed Dividend 469,910 600 495Provision for WPPF 27,200 346 448Total Liabilities 670,759 157,141 78,118

Total Equity and Liabilities 726,463 215,370 140,262

Difference 0 0 0

Eastern Lubricants Blenders Ltd.Balance sheet for the year ended June 30

2010-11 2011-2012 2012-2013

7,190 6,650 6,151 38%0%

3,269 3,269 3,269 0%10,459 9,919 9,420 30%

0 0 078,973 65,110 53,150 125%2,979 433 480 120%6,071 15,147 16,216 52%2,559 2,926 3,373

69,423 80,295 71,936 108%160,005 163,911 145,155 30%

170,464 173,830 154,575 30%

9,940 9,940 9,940 100%52,048 55,347 60,647 106% 1.2012072,982 2,982 0 0%

64,970 68,269 70,587 105%

104,392 104,433 82,914 90%592 694 709 0%510 434 365 1%

105,494 105,561 83,988 23%#DIV/0!

170,464 173,830 154,575 30%

0 0 0

Eastern Lubricants Blenders Ltd.

Income Statement for the Year Ended June 30

Particulars 2007-08 2008-09 2009-10Taka in '000

Blending Charges Recovery 3,866 4,541 8,421 Less: Blending Expenses 7,583 8,521 9,301 Gross Profit/ (Loss) (3,717) (3,980) (880)Less:General & Administative Expenses 1,127 1,239 1,072 Operating Profit/(Loss) (4,844) (5,219) (1,952)Add: Other Income 10,732 12,145 10,905 Profit/(Loss) after non-operating income 5,888 6,926 8,953 Less: Provision for WPPF 294 346 448 Profit before income tax 5,594 6,580 8,505 Less: Income tax: 1,444 1,698 3,531 Profit/(Loss) after income tax 4,150 4,882 4,974



2010-11 2011-12 2012-13

15,398 11,350 8,753 14,084 12,463 13,126 1,314 (1,113) (4,373) 1,108 948 1,004 206 (2,061) (5,377) 9,984 10,735 12,769 10,190 8,674 7,392 510 434 7,302 9,680 8,240 6,937 2,318 1,959 1,637 7,362 6,281 5,300

Padma Oil Company Ltd.Balance sheet for the year ended June 30

2007-08

Assets:

Non current assets:Operating Fixed Assets - At cost less accumulated depreciation 329,369Capital Work - in - progress 99,281Deferred tax assets

Total Non Current Assets 428,650Current Assets:

Stocks 3,547,217Debtors 19,578,280Due from Affiliated Companies 0Advance deposits & prepayments 102,611Income tax- refund receivable 154,640Cash & cash equivalents 3,466,826Total Current Assets 26,849,574

Total Assets 27,278,224


Shareholders' equity:Share Capital Reserve 49,000General Reserve 1,220,457Retained Earnings

Total Shareholders' Equity 1,269,457

Non current liabilities:Long Term LiabilityDeffered Tax Liability 42,323Total Non current liabilities 42,323

Current laibilities :Creditors and accruals 25887204

Unclaimed dividend 5,740Due to Affiliated companies

Provision for income tax

Liabilities for other finance

Other Liabilities

Proposed Dividend

Cash 24,500Stock 49,000Total Current Liabilities 25,966,444Total Liabilities 26,008,767

Total Equity and Liabilities 27,278,224

Difference 0

Padma Oil Company Ltd.Balance sheet for the year ended June 30

2008-09 2009-10 2010-11 2011-2012 2012-2013

428,746 413,954 419,890 697,875 633,69248,693 70,243 91,357 0 347,782

447,748 50,536 1,528 0 0925,187 534,733 512,775 697,875 981,474

5,245,777 7,360,493 8,561,382 8,640,805 12,568,466957,265 979,377 1,560,461 7,874,722 9,667,314

16,972,006 19,313,839 25,689,013 32,118,582 35,229,829110,212 144,121 50,202 66,555 96,650154,640 154,640 339,461 78,332 78,180

3,360,084 8,616,870 18,814,785 23,889,648 20,641,26726,799,984 36,569,340 55,015,304 72,668,644 78,281,706

27,725,171 37,104,073 55,528,079 73,366,519 79,263,180

98,000 294,000 294,000 661,500 893,0251,671,931 2,046,525 2,941,124 3,668,946 0

5,074,4321,769,931 2,340,525 3,235,124 4,330,446 5,967,457

38,000,00047,369 0 53,683 52,050 66,68047,369 0 38,053,683 52,050 66,680

5,028,364 6,808,274 6,509,346 6,631,817 7,687,518457,695 119,072 198,529 210,370 41,772

19,691,811 26,931,604 4,244,456 59,647,896 61,736,13621,472 118,369 118,369 59,696 296,974

651,160 712,678 3,015,525 0 050,723 65,108 144,872 2,355,912 3,388,463

6,646 8,443 8,175 18,394 19,5990 0 59,938 58,581

25,907,871 34,763,548 14,239,272 68,984,023 73,229,04325,955,240 34,763,548 52,292,955 69,036,073 73,295,723

27,725,171 37,104,073 55,528,079 73,366,519 79,263,180

0 0 0 0 0

Padma Oil Company Ltd


Particulars 2007-08 2008-09

Gross Earnings on petroleum products 888,179 977,866 Other petroleum Products costPackages 26,089 36,172 Handling 6,238 5,246 Gross Profit 855,852 936,448 Net Operational Gain (Loss)Net Earnings On Petrolium ProductsOperating Expenses:Administrative, selling and distribution expenses 590,753 550,040 Interest - through BPC 85,360 80,034 Total Operating Expenses 676,113 630,074 Operating Profit 179,739 306,374 Other income, operating 73,440 205,940 Operating (Loss)/Profit on agro-chemicals trading 107,500 95,497 Total Operarting Profit 360,679 607,811 Non operating income:Other income, non-operating 3,038 285 Net Profit 363,717 654,295 Provision for contribution to WPP & WF 18,186 32,715 Profit before income tax 345,531 621,580 Provision for income taxCurrent Tax 110,000 165,000 Prior TaxDeferred tax 1,346 5,106 Net Profit after tax 234,185 451,474

Padma Oil Company Ltd


2009-10 2010-11 2011-12 2012-13

1,347,312 1,525,430 1,526,117 1,500,654

23,081 37,659 27,491 28,279 8,912 6,616 4,221 6,752 1,315,319 1,481,155 1,494,405 1,465,623

37,664 1,503,287

618,046 10,687,209 80,250 915,114 89,089 112,819 111,744 106,543 707,135 10,800,028 191,994 1,021,657 608,184 (9,318,873) 1,302,411 481,630 178,103 894,019 136,602 243,817 95,770 1,428 32,900 (11,794) 882,057 (8,423,426) 1,471,913 713,653

658 2,781 1,547,554 2,399,556 911,327 1,231,312 2,746,263 3,113,209 45,566 61,566 114,259 155,660 865,761 1,169,746 2,632,004 2,957,549

225,000 290,000 540,000 706,202 169,731

3167 3,147 1,633 14,630 637,598 876,599 1,462,822 2,066,986


Particulars 2008 2009 2010

Cost of Debt 11.85% 14.46% 12.27%

Cost of Equity 5% 15% 15%

Total Cost of Capital 16.85% 29.46% 27.27%

Net income After tax 2,934,375 11,950,874 14,285,233

Asset Value 29,102,645 32,681,505 28,362,270

Economic Earning 6,513,234 7,631,640 6,061,623

2008 2009 2010 2011 2012 20130

50000

100000

150000

200000

250000

300000

350000

400000

450000

Economic Earning


2011 2012 2013

19.43% 17.40% 4.64%

5% 5% 5%

24.43% 22.40% 9.64%

4,099,904 13,758,632 10,094,329

20,138,660 19,638,777 9,207,141

3,600,021 3,326,996 887,188

2008 2009 2010 2011 2012 20130

50000

100000

150000

200000

250000

300000

350000

400000

450000

Economic Earning


Particulars 2008 2009 2010 2011

Cost of Debt 0.00% 0.00% 0.00% 0.00%

Cost of Equity* 25% 25% 30% 30%

Total Cost of Capital 25.00% 25.00% 30.00% 30.00%

Net income After tax* 4,150 4,882 4,974 7,362

Asset Value 14,076 13,826 12,897 11,792

Economic Earning 3,901 3,953 3,869 3,538

* According to www.dsebd.org

* Taka 'ooo is shown

2008 2009 2010 2011 2012 20130

50000

100000

150000

200000

250000

300000

350000

400000

450000

Economic Earning

2012 2013

0.00% 0.00%

30% 30%

30.00% 30.00%

6,281 5,300

7,968 4,077

2,390 1,223

2008 2009 2010 2011 2012 20130

50000

100000

150000

200000

250000

300000

350000

400000

450000

Economic Earning

Padma Oil Limited

Particulars 2008 2009 2010 2011

Cost of Debt 201.69% 168.96% 0.00% 0.30%

Cost of Equity* 150% 250% 100% 100%

Total Cost of Capital 351.69% 418.96% 100.00% 100.30%

Net income After tax 234,184 451,474 637,598 876,599

Asset Value 204,920 363,860 570,150 567,099

Economic Earning 393,125 657,764 634,547 821,937

* According to DSE Website

2008 2009 2010 2011 2012 20130

50000

100000

150000

200000

250000

300000

350000

400000

450000

Economic Earning

2012 2013

214.69% 159.78%

100% 100%

314.69% 259.78%

1,462,822 2,066,986

512,437 574,510

1,524,895 1,492,476

2008 2009 2010 2011 2012 20130

50000

100000

150000

200000

250000

300000

350000

400000

450000

Economic Earning

income statement , balance sheet economic earnings of 3 companies

Documents