Post on 15-Mar-2021
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Un-audited Financia! Statementsof
Prime Finance & Investment Limited
As at and for the 1st quarter ended 31 March 2017
Prime Finance & Investment LimitedConsolidated Balance Sheet
As at 31 March 2017
Figures ln Taka
PROPERTY AND ASSETS
CashIn hand (including foreign currencies)Balance with Bangladesh Bank and lts agent bank(including foreign cuffencies)Total Cash
Balance with other banks and financial lnstitutiohsIn BangladeshOutside BangladeshTotal balance with other banks and financial lnstituuons
I'loney at call and on short notice
lnvestmentsGovernmentOftersTotal Investments
Loans, advances and leasesLoans, advancet leases etc.Bills purdased and discountedTotal loans, advances and leases
Fixed assets including premises, furniture and fixturesOther assetsNon - business assetsTotal assets
LIABILITIES AND CAPITAL
LiabilitiesBorrowings from other banks, financlal instjtutions and agents
Deposits and other accountsCufient and other accountsBills payableSavings accounbTerm depositsBearer certificates of depositOfter depositsTotal deposits and otler accounts
other liabilitiesTotal liabilities
Capital/shareholde.s' equityPaid up capitalStatutory reserveRevaluation reserveRetained eaminqsEquiw attributable to shareholders' of the companyNon-controlling interestTotal shareholders' equityTotal liabilities and shareholdeB' equity
OFF.BALANCE SHEEr ITEMSContinsent liabiliUesOther commitmentsTotal off-balance sheet items including contingent liabilities
Net Asset Value per.share (NAV)
3l-Mar-17----TGilAteal-
31-Dec-16(Audited)
360,154,5s22,3s8,186,133
18,617,430,903 18,914,09989L
3,121,899,958 3,299,527,828
a4,Company Secretary
Dhaka, 14 May 2017
3.094,240,241 3,006,390,s33L5,L77,269,527 t5p2zlt3.L4O
l- 2,?--ZiD,1.1,B t l-_2;2e-i;p.;rr'r;rl1 szz,roe,sro I I szz,roe.sro I
| 221,943,7s0 ll zzt,gct,tso II (1.24s.098,401)l I rr.ogz.zoo,sozll2,633,11&689
f--;;;tr--;;;J63,350,956 117,000,000
10.21 ^ .:Tr$,1"**4"*^'A^LJ /t^..,I,ra^- J
Director
138.359,085 L46,452,295
475,62L,473 355,47A,290
f-------ilrlt---;;;1,001,301,574 893,366,521
L4,447,L43,888 14800,363,094
360,047,6572,194,957,126
8,96L,L2932A s,ora,rro;_rn
L7As,4SO,7AA
4Chief Financial Officer
Prime Finance & Investment LimitedConsolidated Profit and Loss AccountFor the 1st quarter ended 31 March 2017
Figures in Taka
31-Mar-17 31-Mar-16
Interest 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, electrjcity etc.Legal expensesPo6tage, stamp, telecommunication etc.Stationery, printing, advertisements etc.Nlanaging directo/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 provisionSpecjfic provislonProvision for dimlnution in value of investmentTotal provision (D)Total profit before tax (C-D)Provision for taxationCurrentDeferred
Net profit after tax
Attributable toShareholders of the companyNon-controlling interest
Weighted average no. of outstanding shares
Earnings p€r share
+,Chief F-nancial officer
--___G99E994991
(152,332,099)605,730
-osa
(194,741,224)(4,848,27s)
-----27rEi57rF_
---- (drlt
ffiCompany Secretary
Dhaka, 14 May 2017
,"m^* .J Jr*t^,.^, *W:,#
10,506,28121,925
898,646!,417,38L3,900,000
112,00015,813
4,416,9s6
8,445,507397,7t9829,674
1,790,7L03,750,000
128,000L4,375
4,04L,420
Prime Finance & Investment LimitedConsolidated Cash Flow Statement
For the lst quarter ended 31 March 2017
Figures in Taka
31-Mar-17 31-Mar-16A) OPERATING ACTIWIIES
Interest receipbInterest OaymentsFees and commission receiptsDividend receipECapital qains from sale of listed sharesCash payments to employeesCash payments to suppliers and management expensesIncome taxes paldReceipts from other operating activitiesPaymenb for other operatlng activitiesCa6h generated before changes in operating asseb and liabilihbs
Increase/ (decrease) ln operating assets and liabilitiesr
Net loans and advances to customersLoans and deposiE from banks and other depositorsCash generated from operating assets and liabilitiesNet cash from operatlng activities
INVESTING ACTIVTTIES
Acqulsltion of fixed assetsSale of securitiesInvestment in securitiesNet cash from investing activities
FINANCING ACTIWTIESGsh dividend paidNet cash from financi[g 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 equivaleots at beglnning of the period
G) Cash and cash equivalents at end ofthe period (D+E+F)
Cash and cash €quivalents at end of the period repres€nts:Cash in hand (induding foreign currencies)Balance with Bangladesh Bank and its agent bank (including foreign currencies)Balance with other banks and financial institutions
Net operating cash flow per share (NOCFPS)
B)
c)
(4,203,060)196,211,233
(257,316,089)
(2,s91,097)fi9,ao8,677(85,100,024)
(65.307,915t 73,LA7,556
Lt2p49t973
501,930,585
j-i3F6ffi
(496,374,1s1)
1,485,662,9s8
@
138,277,5s7
(2.0e)
2,508,6988,460,580
23,853,058
(21,417,311 (21.,932,831
33,124,054
177,357,449
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Prime Finance & Investment LimitedBalance Sheet
As at 3l March 2017
Figures in Taka
PROPERTY AND ASSETS
CashIn hand (including foreign currencies)Balance with Bangladesh Bank and its agent bank(including forelgn currencies)Total cash
Balance with other banks and financlal institutionsh BangladeshOutside BangladeshTotal balance wlth other banks and financial institutions
Money at call and on short noflceInvestmentsGovernmentOthersTotal investments
Loans, advanc€s and leasesLoans, advances and Leases etc.Bills purchased and discountedTotal loan+ advances and leases
Fixed assets including premises, furniture and fixturesOther asseENon - business assetsTotal assets
LIABILTTIES A D CAPTTAL
LiabilitiesBorrowings from other banks, financial institutions and agents
Deposits and other accountsCunent and other accountsEills payableSavings accountsTerm depositsBearer certificates of depositOLher depositsTotal deposits and other accounts
Other liabilitiesTotal liabllities
capitaUshareholders, equityPaid up capitalStatutory reserveRevaluation reserveRetained eamingsTotal shareholders' equityTotal liabilities and shareholders' equlty
OFF.BALANCE SHEET ITEMSContinqent liabilitiesOther commitmentsTotal off-balance sheet items including contingent liabilities
Net Asset Value per share (NAv)
3l-Mzr-17 31-Dec-10(Un-audited) (Audited)
| 138,277,ss7 | | 146.370,632 |138,332557 t46,430,632
t----t4E ,{'|r---6,aig424,9A3,A94 330,421.855
r -'',*;JT .;;499,928,953 416.230.396
L2,600.6L7.394 t2,945,543.OO3
339,766,U1 342,255,0482,432,872,637 2,s43,878,546
16,436,507,276 16.724-759/A0
2,514,51s,705 2,669,090,183
8,961,129,328 n,oru,rro,)rn
194,779
2.578,307,586 2.503.679.16514,raa,964tt27
927,108,510221,943,750
14.053.952,619
l- Ll---Tn t@1I szz,roa,sro I
| 221,s43,7s0lI (r,+gs,ooz,llgtl
2342,554,657 2.535,795,3s3L6,436,5O7,276 L6,724,759,4AO
63,350.956 117.000.000
^---^.(Company Secretary
Dhaka, 14 Nlay 2017
63.350.956 117.000.000
4Lntet Ftnancrat unraer
/4- rl*.t u--t^*.^r trk,.r ^WPlanagins Director Director
@^rrru,
Interest incomeInterest paid on deposits, borrowings etc.Net interest incomeInvestment lncomeFees, commission, exchanqe and brokerageOther operating income
Total operating incom€ (A)
Salaries and other employee benefitsRent, taxes, insurance, electicity etc.Leqal exDensesPostage, stamp, telecommunication etc.Stationery, printinq, advertisemenb etc.Managinq Directo/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 diminutlon ln value of lnvestmentTotal provision (D)Total profit beforc tax (C-D)Provision for taxauonCunentDeferred
Net profit after tax
Weighted average no. of outstanding share
Earnings per share
Dhaka, 14 May 2017
Prime Finance & Investment LimitedProfit and Loss Account
For the lst quarter ended 31 March 2017
Officer
Figures in Taka
31-Mar-17 31-Mar-16
_____Ggz4g9aEL
272,9L6.48.3
-i6=o
272,9L6,483
-I6.65tChief
,Financial m,^^-hrr,2y*ffi
a,o7t,5u4,025
786,404980,566
2,100,000112,000
2,964,768
6,238,380369,519768,879
r,709,3332,100,000
128,000
2,63t,438
l- 168pt73b-ll------@,72-,e$f,I (66,72s,84s)ll tcz,,f,g,sza I
| (6.369,329)lr0e17r.585
(150,808.046)71,o90,29t
(187.049,419)
Company Sesetary
Prime Finance & Investment LimitedCash Flow Statement
For the lst quarter ended 31 March 2017
Figures in Taka
31-Mar-17 31-Mar-16A) OPEMTI G ACTIWIIES
Interest receipbInterest paymenbFees and commission receiptsDividend receipECapital gains from sale of listed sharesGsh payments to employeesCash payrnsnts 1s 5Lrprliers and management expensesIncome taxes paidRecelpb from other operating activitiesPayments for other operating activitiesCash generated before changes in openting asse's and lidbitittesIncrease/ (decrease) in operatlng 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 actlvities
INVESTING ACTIVMESAcquisition of fixed assebSale of securitiesInvestment in securitiesIlet cash from investing activities
FINANCING ACTIWIIESCash dividend paidNet cash from financing activities
D) et increase/ (decrease) in cash and cash equivalents (A+B+C)
E) Effiects of exchange rate changes on cash and cash equivalents
F) Cash and cash equivalents at beginning of the period
G) Cash and cash equivalents at end of the Deriod (D+E+F)
Cash and cash equivalents at end of the pe od represents:Cash in hand (including foreign cunencies)Balance with Bangladesh Bank and ib agent bank (includinq foreiqn currencles)Balance with other bank and financial lnstitutions
Net operating cash flow per share (NOCFPS)
B)
c)
(480,s60)196,21t,233
(279.909,789\
(2,408,284.\160,808,677
(115,430.024)(84,179.116) 42,970,369
46A6e,964
476,852,487
-----E6-3J-2r.4-s1
(496,596,372)
1,484,310,595
-----es7ir46
L38,277,557
--_--l!!Ez!,!EL------------63t
60,000t4t,302,992
_____-982.2,4.223_
(1.98)
(179,438,4811,483,5834,350,984
23,853,058(26,t4(2L,417,311
(14,888,128
L4,946,644
1,669,2453,999,934
(16,648,495)(22,758,919)(21,932,831)
33,124,054
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Prime Finance & Investment LimitedSelected Explanatory Notes
As at and for the period ended 31 March 2017
Reporting EntityPrime Finance & Investment Limited is one of the leading Non Banking Financial Institutions, knownfor 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 theFinancial Institutions Act, 1993.
Basis of PreparationThese l"tquarter financial statements are being prepared in condensed form in accordance with therequirements of Bangladesh Accounting Standard (BAS-34) 'Interim Financial Reporting', Securitiesand 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 interimfinancial statements are the same as those applied in preparation of annual financial statements forthe year ended 31 December 2016.
Approval of 1* Quarter reportThese 1"t quarter financial statements for the period ended 31 March 2017 were approved by theBoard of Directors on May 14, 2017.
GeneralThe 1* quarter financial statements for the period ended 31 March 2OL7 arc 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.