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Un-audited Financial StaEmentsof
Prime Flnane & Invesfrnent Limited
As at and for the lst quarter ended 31 March 20L6
il]
Prime Finance & Investment LimitedConsolidated Balance Sheet
As at 3l March 2016
PROPERTY AND ASSETS
CashIn hand (including foreign curencies)Balance with Bangladesh Bank and its agent bank(including foreign curencies)Total Cash
Balance with other banks and financial institutionsln BangladeshOutside BangladeshTotal balance with other banks and financial institutions
Money at call and on short notice
InvestmentsGovernmentOthersTotal Investments
Loans, advances and leasesLoans, advances, leases etc.Bills purchased and discountedTotal loans, advances and leases
Fixed assets including premises, furniture and fixturesOther assebNon - business assetsTotal assets
LIABILITIES A]ID CAPITA.
LiabilitiesBonowings ftom dter bad(s, frrancid irs|frJtins id 4E tts
Deposits and o6er aorrtsCunent and drer accorrGBills payabhSavings ac@untsTerm depositsBearer certificates of depositOther depositsTotal deposits and other accounts
Other liabilitiesTotal liabiliues
Capital/shareholderc' equityPaid up capitalStatutory reserveRevaluation reserveRetained earningsEquity attributable to shareholders, of the companyNon-controlling interestTotal shareholderc, equityTotal liabilities and shareholders, equity
OFF-BALAI{CE SH EET ITElrtSContingent liabilitiesOther commitmentsTotal off-balance sheet items including contingent liabilities
Net Asset Value per share (NAV)
sd/-Company Secretary
Dhaka, 14 May 2016
sd/-Chief Financial Officer
Fagurcs in Taka
31-Mar-15(Un-audited)
I L41,302,992 I
31-Dec-15
360,3L4,2472,637,2s6,558
_re,7tt3>,s7s_
3,L78,654,547
9,227,251,Lss
9,221,25L,L55
3,093,925,0L4
9,544,207,157
9,5t4,2O7,157
2.593.949.85s' 15,232,092,036
sd/-Managing Director
sd/-Chairman
14 ,371,472 172,553,778
--r4,"E]lt--r,irryl847,917,235 1,313,109,080
i ',;;lr- ",^;J866,197,600 927,765,L38
l-i"*-ry-trj@;FFrlL4,733,269,698 14,362,636,774
2.777.492.L'LL5,L77,397,8.53
358,808,7222,571,798,L66
_r$5!9,!!8r,8e3._
(Audited)
1
I z?2irlrrr:r1l--z@@1| 927,108,s10 | | 927,r0S,s10 I| 221,943,7s0 | 1 zzt,xs,tso II fsso.goz.grz)l I (r+z,ror,oearl
3,541,314,779 3,736,055,002800,@9,262 80s,497,s37
.!,?4L,964,O4 4,s4r,ss3,s39
-- Ifg&fe3- -ae,rzl3rg*,
{-
_ 12.98 13.69
sd/-Director
VI
Prime Finance & Investment LimitedConsolidated Profit and Loss AccountFor the lst quafter ended 31 March 2016
Figures in Taka
31-Mar-16 31-Mar-15Interest incomeInterest paid on deposits, borrowings etc.Net interest incomeInvestment incomeFees, commission, exchange and brokerageOther operating income
Total operating income (A)
Salaries and other employee benefitsRent, taxes, insurance, electricity etc.Legal expensesPostage, stamp, telecommunication etc.Stationery, printing, advertisements etc.Managing director,s salary and feesDirectors'feesAuditors'feesDepreciation and repair of assetsOther expensesTotal operating expenses (B)Profit before provision (C=A-B)
Provision for loans, advances and leasesGeneral provisionSpecific provisionProvision for diminution in value of invesUnentTotal provision (D)Total profit before tax (C-D)Provision for taxationCurrentDeferred
Net profit after tax
Attributable toShareholders of the oompanyNon-controlling interest
Weighted avetiage no. of outstanding shares
Earnings per share
sd/-Company Secretary
Dhaka, 14 May 2016
I tu'vY*6n [--le^s16/61,I t42,18e,s26 ll $,46s,272|/| (17s,4s6)l I os.oos,sz+ I
_ z-7_-,2?4,164 97,O18,63t(198,587,045) (128A6140r)
sd,l-Chief Financial fficer
sd/-Managing Director
385
(8,7ss,48,315,638
sd/-Director
l-- 1,3681-s6-]I r:oo.oozll1.002.454
(199,589.499)
(194,74L,224)(4,848,27s)
272.9L6.4A3
---------o7it
1,71L,387
(108,0s3,022)(21,12s,855)
--22?2?2,- 2
-------To-Ei
sd/-Chairman
8,445,507397,719829,674
L,790,7103,750,000
128,00014,375
4,041,420
316,62s767,221
t,015,2073,750,000
230,000L4,375
3,804,684
/
Prime Finance & Investment LimitedConsolidated Cash Flow Statement
For the lst quarter ended 31 March 2016
Figures in Taka
31-Mar-16 3l-Mar-15A) OPERATINGACTTVITIES
Interest receiptsInterest pavments
Fees and commission receiptsDividend receiptsCapital gains from sale of listed sharesCash payments to employeesCash payments to suppliers and management expensesIncome taxes paid
Receipts from other operating activitiesPayments for other operating activitiesCash generated before changes in operating assets and liabilities
Increase/ (decrease) in operating assets and liabilities:
Net loans and advances to customersLoans and deposits from banks and other depositorsCash generated from operating assets and liabilitiesNet cash from operating activities
B) INVESTINGACTIVITIES
Acquisition of fixed assetsSale of securitiesInvestment in securitiesNet cash from investing activities
C) FINANCING ACTryMESCash dividend paid
Net cash from financing adiyities
D) Net increase/ (decrease) in caCr and caCt equivalents (A+B+C)
E) Effects of exdtang€ rate drangcs on caCr and cash equivalents
F) Cash and caslrequiyalerGat beginning ofthe period
G) Cash and cash equivaler*s at efld of ttre period (D+E+F)
Crsh and cash equivalents at end of Ute period represents:Cash in hand (indudirE foreifn otrrenc,es)Balance with Bangladesfi Bank and its aq€nt bank (including foreign currencies)Balance with other banks and finandal in$iMions
Net operating cash flow per share (NOCFPS)
(496,374,151) 271,642,494
1,485,662,858 699,752,4L7
@.@
68.480t4r,302,992
___-E9,aSEZ07_
-(mot
252,271,208(217,811,035
3,130,8704,968,704
(16,648,49s(42,352,730(21,932,83t(3,60733,t24,054
403,310,886(336,
2,668,5736,651,14s
(L2,t97,(30,7s2,(39,607,026(1,77s,8,520,881
(2,2e3,42s)
f--------6op-od-lI 117,299,195 I
I es+,ors,zto I
---91L391sLL-
029
-- Gz--Gzs,=3zs,N, - e--er,?w%nI ezz,qaz,ttt\l I rto,zg:,s:z I
(s58,769,632)$69,49!,707)
(2,591,097)160,808,677(8s,100,024)
73,1L7,556
82,522,13780,238,312
(14,70s,989)429,792,568
(223,682,397\191,404,1A2
1
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*'lq
$Bglq
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ofr!o+iooi6t
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EEe,eEeEs,Egf; EEE€ F E EgE€ E
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1
Prime Finane & InvestmentBalance Sheet
As at 31 March 2016
Limited
Figures in Taka
PROPERTY AND ASSETS
CashIn hand (including foreign currencies)Balance with Bangladesh Bank and its agent bank(including foreign currencies)Total cash
Balance with other banks and financial institutionsIn BangladeshOutside BangladeshTotal balance with other banks and financial institutions
Money at call and on short noticeInvestmentsGovernmentOthersTotal investments
Loans, advances and leasesLoans, advances and Leases etc.Bills purchased and discountedTotal loans, advances and leases
Fixed assets including premises, furniture and fixturesOther assetsNon - business assetsTota! assets
UABITITIESAND CAPITAL
LiabiliUesBorrowlngs from other banks, financial institutions and agents
Deposits and other accountsCurrent and other accounEBills payable
Savings accountsTerm depositsBearer certificates of depositOther depositsTotal deposits and other accounts
Other liabilitiesTotal Iiabilities
Capital/shareholders' equityPaid up capitalStatutory reserveRevaluation reserveRetained earningsTotal shareholders' equityTota! Iiabilities and shareholders. equity
OFF-BALANCE SHEET TTEMSContingent liabilitiesOther commitrnentsTotal off-balance sheet items including contingent liabilities
Net Asset Value per share (NAV)
sd/_Company Secreta.ry
Dhaka, 14 May 2015
sd/-Chief Financial Officer
31-Mar-16 31-Dec-15
-TAuaited)-(Un-audited)
2,s96,113,840
9,221,251,t55
L,25t,1
2,246,313,383L4,O63,678,378
2,482,679,t49
9,544,207,Ls7
9,544,207,157
2,067,722,L9414094,608,500
729,927,108,51022t,943,750
2,729,164,830927,108,510221,943,7s0
,4073/.87.AO9.697
L7,582,418,197
1,55-----_frtr
sd/-Managing Director
sd/-Director
sd/_Chairman
I r4L,302,992 ll L72,482,807 I
4 ,362,992 L72,542,807
t----Mrsfla---Irr:o;E||846,351,231 1,31,.,767,788
s07.2s2.;7s5O7,252,175507,252,175 55e630,829
[ ]="*7112,719,135,fi8 12,343,396,372
337,397,6772,812,519,781
L7,364,OL9,264
337,620,8322,864,459,569
----L7'!92A!9M-
Prime Finance & Investment LimitedPrcfit and Loss Account
For the lst quarter ended 31 March 2016
Figures in Taka
31-Mar-16 31-Mar-15
Interest incomeInterest paid on deposits, bonowings etc.Net intercst incomeInvestment incomeFees, commission, exchange and brokerageOther operating income
Total operaUng income (A)Salaries and other employee benefitsRent, taxes, insurane, elecbicity etc.Legal expensesPostage, $amp, telecommunication etc.Stationery, printing, advertisements etc.Managing Directo/s salary and feesDirectors ftesAuditors feesDepreciation and repair of assetsOther expensesTotal operating expensec (B)Profit before provision (C=A-B)
Provision for loans, advances and teasesGeneral provisionSpecific provisionProvision for diminution in value of investmentTotal provision (D)Total profit before tax (C-D)Proviion fiortaxauonCurrentDeEn€d
llet plofrtfrer tar
Weighted avefiagG no. of out*anding draroEarnings per share
sd/-Company Secretary
Dhaka, 14 May 2016
366,9@,732
(
1,s96,838
20,658,9196,238,380
369,519768.,879
t,709,3332,100,000
128,000
2,63L,438
$a7,,HgAtgl
27L91.6,83
-idmi
44,044,3ffi7,547,U7
3L6,625725,LBL974,2U
2,100,00095,000
2,093,646
l-.Flf--s+zr-6|I (366,002)l I (971,355)l
1
43,465,272
97,01&535(76,387,74)
272,916,#3----.--f0-6
sd/-Chief Financial Officer
sd/-Managing Director
sd/-Director
sd/-Chairman
(115,959,128) 20,630,891.1O,380,r$ 61.,294,619
(187/{58111) (76,364,241)
Prime Finance & Investment LimitedCash Flow Statement
For the lst quafter ended 31 March 2O16
Figures in Taka
31-Mar-16 31-Mar-15
A) OPERATING ACTIVITIES
Interest receiptsInterest payments .Fees and commission receiptsDividend receiptsCapital gains from sale of listed sharesCash payments to employeescash payments to suppliers and manaqement expensesIncome taxes paidReceipts from other operating activitiesPayments for other operating activitiesCash generated be{ore changes in operating asfib and liabilities
Increase/ (decrease) in operatang assets and liabilities:
Net loans and advances to customersLoans and deposits from banks and other depositorscash generated from operating assets and liabilitiesNet cash from operating activities
B) INVESTING ACTIVITIES
Acquisition of fixed assetsSale of securitiesInvestment in securitiesNet cash from investing activities
C) FINANCING ACTIVITIES
Cash dividend paidNet cash from financing activities
D) Net increase/ (decrease) in cash and cash equivalents (A+B+c)
E) Effects of exchange rate changes on cash and cash equivalents
F) Cash and cash equivalents at beginning of the period
G) Cash and cash equivalentsatend ofthe period (D+E+F)
Cash and cash equivalents at end of the period represents:Cash in hand (includinq foreign currencies)Balance with Banqladesh Bank and its agent bank (including foreign currencies)Balance with other banks and financial institutions
Net operating cash flow per share (NOCFPS)
f ilElr2g-Zrstlf
-(i6^340P-?,il| (zog,szr,srz)l | 110,293,s33 I
(528,808,571) 93.9s3,461(s39,556,741) 1O6,439,L37
229,042,309(2L2,04O,1
r,669,24s3,999,934
(16,648,(22,7s8,91(21,932,831
33,t24,054
(10,7s8,17O)
726(266,237,7t1
1,596,8384.739,316
(12,191,309)
G0,7s2,165)(t8,144(t,77s,9788.520,881
412,4E5,67O
(2,408,284)160,808,577
(4,619,999)402,892,568
(11s,430,024) Q23'682'397)42,970,369 174,590,!72
(496,s96,372) 281,029,309
1,484,310,59s 676,177,885
---- s8fit4,223 -- 9s?,20r,194
141,302,9921
50,000117,299,195
987,714,223 957,2O7,L94:
-4r.98)
o.re
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Prime Finance & Investment LimitedSelected ExPlanatory Notes
As at and for the period ended 31 March 2016
Reporting EntitYprime Finance & Investment Limited is one of the leading Non Banking Financial Institutions, known
for its diversified financial services. The company was incorporated in the year 1996 as a Public
Limited company under the companies Act, 1994 and licensed by Bangladesh Bank under the
Financial Institutions Act, 1993.
Basis of PreparationThese 1,t qru,t"1. financial statements are being prepared in condensed form in accordance with the
requirements of Bangladesh Accounting Standard (BAS-34) 'Interim Financial Reporting', Securities
and Exchange Rules 1987, Regulations issued by Bangladesh Bank and other applicable laws and
regulations.
Accounting PoliciesThe accounting policies and method of computation adopted for the preparation of these interim
financial statements are the same as those applied in preparation of annual financial statements for
the year ended 31 December 2015.
Approval of 1* Quarter rePortftrese t" quarter financial statements for the period ended 31 March 2016 were approved by the
Board of Directors on MaY L4,2016.
GeneralThe 1$ quarter financial statements for the period ended 31 March 2016 are un-audited' The
comparative figures have been restated and rearranged whenever considered necessary to ensure
comparability with the current financial statements. Figures are rounded-off to the nearest integer'
10