LUB-RREF (BANGLADESH} LIMITED3'd Quarter ended Financiat Statement (Unaudited)

For the period ended 31't March, ZOZL

:l

LUB -RREF (BANGLADESH) LIMITEDB-rr iParr) ,.)- I(r & 2.1_24BSCICI Indusrr.ial Estate, Block_ACustom Acadenty Sagarika RoaclChittagong-42 I 3

Statement of Financial position (Unautlited)As at March 3l.2021

Notes

Amounts in Taka

37-Mar-21 30-Jun-20ASSETSNon-current AssetsProperty, Plant and Equiprrent

Current AssetsInventoriesReccivables

Advances, Deposits & prepayments

Relatecl Party Current AccountsCash and Cash Equivalcnts

1'O1'AL ASSE'TS

SHAREHOLDER'S EQUITy AND t_rABIr_tTt[,sShareholders'EquityShare CapitalShare PrerniumRevaluation ReserveIietained EamingsShare Money Deposits

Non-current LiabilitiesLong-Term Loan-Non Current portionLcasc Liabiltics-Non Currcnt portionDef'erred Tax Liability

Current LiabilitiesLong-T..rnr Loan-Currcnt prlrt ionLeasc I irbilirie:- Currenr pollionShort-'I'crnr Bank LoanLiabiliry tbr WppFTrade Pa_v-ablcs

l-iabiJiry lirr Ciin-cnt Taxt.iabilit1, fbr txpenses

TOTAL SHAREHOLDERS EQUITY & LIABILITIES

NET ASSET VALUE pER SHARE (NAV) with Re_VatuationNET ASSET VALUE pER SHARE (NA\) rvithout Re_Vatuation

Date: 2li .\pril 202 I

Place: C hattogrr.anr.

9.009.01

10.00

I 1.00

12.00

13.0014.00

12.0013.00

1s.0015.01

16.0017.00r8.00

-

6,684,r?6,133 5.l0,r.444,lo7

35.9031.85

34.50

28.59

4,2.{6.653,250 3,g2g.g2g.tgzs. oo I_---Z :?-o.F: : s ol-i, q 2 e.Dffi

4.005.00

6.00

7.008.00

I ,9381,452,431.440r,506,068,560

587,668,8451,667 ,534,094

1,000,000,000458,500,000

591 ,539,657t,400,342.102

36,371,954 33,052.67 |9,-'r6e I 81?,647

4 1 7.5 1x.867 | J64.570.615l3..rq('.27: I t-.rZ+.x tx80.15R.rrrrl 2x.4r,0.+1v

I81.8:-1.t15 | l2r,.tr,-.4457,0 t 6,,100 11,295

-

6.68J.r?6- r t 1

4.%L,

LUB -RREI.' (BANGLAIJESH) I.I},I ITEI)8-6(Parr) o-10 & ll-24BSCIC lndustrial Estate. Block-ACustom Acadcmy Sagarika RoadChittagong-42 I 3

Nct RevclucsCost ofGoods SoldGross Profit

Operatitrg Expensesfienerrl :rrrd AdtillilislrJti\c ExpensesSelling rnJ lJisrrilr.irron Lrpels..iOrhcr t)pt'rrti nu Incornr.Financial Expenses

operating proli( for the period

Other Non Operating IncomeFinancial InccrneLiconrc tiont Othcrs

l'rofit Belbre WppF & Income,t.axLcss: Contriburion to WppFProlit Betbre Inconre Tax lbr the periodProyision for Income TaxC'Lrfeut TaxDeter red Tax

Nrt Profit After Tax for the periodC)ther Comprehensive IncomeDci'crlcd Tax (Expcnscs)r,lncome of.Rcvaluation Rcsurve'Iotal Contprehensiye lncome lbr the period

Earnings Per Share (EpS) Basic

t)ale: 28 April 202 I

Plrce: Chattoqrrant.

I

'l:i:l;i1 -l$ffi'' -r '2.'. I )./.1X.620 I 1 r'r'r .^. I

Statement of prolit or Loss & Other Comprehensivc Inconre (tJnaudited)For thc pcriod enijecl March I l. 202l

19.00 1,326,947,138 1,2ti7,526,098 40j,026,341 440,25tj.2t420.00 (899.50.1.725r ,r7a.321.32,1, i272.5.2) xt 5

2 1.00

22.0023.0021.00

25.0026.00

27.0727.02

Compant Sccretarv

LUts -RREI.' (BANGLADESH ) LIM ITET)B-6( Piul) q- 10 & 2.1-21BSCIC lndustrial Estate. Block_ACustom Academy Sagarika RoadChittagong-421 3

Statement of Changes in Equity (Unaudited)For the period ended March 31.2021

Particulars ShareCapital

Amount in TakaShare Premium Revaluation

ReserveRetainedEarninss Total

U50,33r-060

Balance as at July 01. 2020 1,000.000.000 458-500 0no 591.539.6s7 1,400,342,402Arldrtron during the year 45) 411 La.n 1,047 ,568,560Adj usr rnen r trr R;;lr;;;Surplus (4,553,897) 4.553,897Defircct to* nn RiilrililiReserve 683.084

683,084l\c1 l)rolrt ( [.oss.; rlicr rar lbr.the Year 262.637,195 262,637,795Balance as at Mar. 31,2021 1,452,431,440 1,506,069,560 587,669,945 1,667,534,094 5,213,702,939

Statement of Changes in Equity (Unaudited)For the period ended March 31, 2020

Particulars ShareCanifrl

Amount in TShare Premium Revaluation

ReserveRetainedEarninss TotalBalance ," ,t -lrrt-Ii

Addition during th;-; 458,500,000 597 ,27 4,t95 I,137,3 17,ggg 3,193,092,093Adj ustmenr foiE*utrotGSurplus (4,934,443) 4,934,443Def-eled Tu* on R*tiiiili-Reserve 740.166 740,166Ner profit/ (Gr-^6la- fo,the Year

r 88.800.187 188,800,487

Balance as at Mar. 31.2020 1,000,000,000 458,500,000 s93,079,91 8 1,331,052,918 3,392,632,736

{xffi4*rmeflr,s WDate: 28 April 2021Place: Chattogrram.

Company Secretary

LUB -RREF (BANGLADESH) LIMITED8-6 (Part) 9-10 &23-24BSCIC lndustrial Estate, Block-ACustom Academy Sagarika RoadChittagong-4213

Statement of Cash Flows (Unaudited)For the period ended March 31,2021

A, Cash Flows From Operating Activities:Receipts from CustomersRcceipts fiorn Other Non-operating IncornePayntents to SuppliersPavments fbr E,rnployeePayrnents to Operating ExpensesIncome Tax PaidNet Cash (Used In) / Generated By Operating Activities

Cash Flows From lnvesting Activities:Purchase olProperty, plant & EquipmentAddition in Capital Work-In-progressAdr,'ancc against Macherrerv purchaseIPO Fund Refund payable

Finance Expenses Capitaiizedlnterest liorr FDRPaid against Floor purchase

Adjustment of Related party Current AcoountNet Cash (Used In) / Generated By lnvesting Activities

Cash FIows From Financing Activities:Financral Expenses paicl

IPO expenses paidRepayrncnt of Shofi-tenr loaltRepayment of Long-term loanReceived oliPO fllnd with premimum

Nct Cash (Used In) / Generated By Financing Activities

585,1st,t49 439.283.356

(424.3e6,0301 A47.220.s2ii

( I 1 6,e15.1 05 )l ( i 28.8q(),7t r

(18,6s8,1

r4r.oll.7rre)l t87.5zt(.2irrr3x8.047.024r1 (85.00(),7791

1

899.327.963 (26.328.266)

1,099.983.07e (34.26s.43s)22,838,32s 18,124,257

t.08r.rr r.404 41 R

s.se | 1.i9

38.00

39.0040.004r.00

B.

C.

D. Increase/(Decrease) In Cash And Cash Equivalents (A+ts+C)E. Opening Cash and Cash EcluivalentsF. Closing Cash And Cash Equivalents (D+E)

Net Operating Cash Florv per Share (Basic)

Note

Amounts in Taka

01 July 2020 To 3tlvlar.202l

01 July 2019 To31 Mar 2020

1.428,683.83t I t.zo,tttZ.t ni 1.002.1 t0 | t7 t .017

r7al.a5l.S7.tll 07tt.7o3.65(51.f,()2.762)l (40.24x..sll( t 7 .t 64.7$ )l ttl .422.80741,7 13 I 85,402)

ta6.761.24J)l 1t7.772I,M)(410.317.358)l 1.1gl.zfl-5.11121

(10

7-s,.r l(r.7e7 |

(.r1.0o0.{)U0)l {lU.o(X).U{X)480.s21 | r,o+0,:sx

( I 9.0 I 0,000 )l18,917 ,7 51 1,3

fr4r\r1h'-o.g W,mDate: 28 April 2021Place: Chattogrram.

LUB -RREF (BANGLADESH) LIMITEDB-6(Part) 9-10 & 23-24BSCIC Industrial Estate. Block-ACustom Acader-ny Sagarika RoadChittagong-42 l3

Notes, Comprising Summary of Significant Accounting Policies and Other Explanatory InformationFor the period ended 3l March 2021

l. 00 Status of the Reporting EntityI.01 Legal Status:

Lub-rref (Bangladesh)Lirnitedwasincorporatedasapubliccompanylimitedbyshareson l8November,200 I

underthe Companies Act, 1994. The company stafied its commercial operation in 2006. The registered office ofthe con.rpany is located at Plot No.-B-6 (part),9, 10 BSCIC Industrial Estate, Sagarika Road, Chittagong,Bangladesh.

1.02 Nature of BusinessThe principal activities of the Company are to manufacture of lubricants & allied products in its factory at PlotNo.-8-6 (paft), 9, 10 BSCIC Industrial Estate, Sagarika Road, Chittagong. The Lubricant manufacturing planthas modern and latest machinery to produce various types and categories of lubricants, Automotive, Industrial,Marine lubricants and Grease as well as laboratory Services and marketing same conforming to latest claimslike o1'API, ACllA. VOLVO. BMW, MB. Wartsila, MTU, DIN, MAN, Waukesha. Denison, Vickers. AI--NOR.etc. and the project also envisases furlher erpansion. producing the specialtl, products in near luture * ithlbreign technical assistance through its divisional Sales Points through the country.

2.00 Significant Accounting Policies and Basis of Preparation of the Financial StatementsThe accounting policies set out below have been applied consistently (otherwise as stated) to all periodspresented in these financial statements:

2.01 Going Concern'[he cornpany has adequate resources to continue in operatiorr fbrthe foreseeable future and hence, the llnancialstatetnents have been prepared on a going concern basis. As per management assessment, there is no tnaterialuncertainties related to event or condition which rnay cast signiticant doubt upon the company's ability toconlinue as a going concern.

2.02 Use of Estimates and JudgmentsThe preparation of financial statements requires management to make judgments, estimates and assumptionstl-rat affect the application of accounting policies and the reported amounts of assets. liabilities, income andexpenses. Actual results may differ from these estimates. The estimates and Lrnderlying assulnptic.rns arereviewed on an ongoing basis. Rcvisions t(r accoLurting cstinrates are recognized in the period in lvlrich tlreestimate is rcvised and in an1' 1'uture periods aft-ected.

ln particular, information about significant areas of estimation unceftainty and critical judgments in applyingaccounting policies that have the most significant effect on the amount recognized in the Financial Statements.The account judgments, estimates and assunptions are been used in the following heads of Accouuts for thepreparation of Financial Statements:

Note: 2.08.1 Recognition" Measurernent and Disclosure of Propefty, Plant and EquiprnentNote: 2.08.3 Depreciation on Fixed AssetsNote: 2.08.7 lmpairment of AssetsNote: 2.08.8 Revaluation of Property, Plant & EquiprnentNote: 2.11" lnventories (Provision for Damage & Obsolete)Note: 2.13 Provision, Contingent Liabilities and Contingent Assets

Note: 2.12.3 Accounts receivables (Trade Debtors)Note: 2.12.8 Trade Payables and Accruals

Note: 2.1-5 Revenue recognitionNote: 2.16 Foreign Currency Transactions and Translations

Note: 2.1-7 Employees Benefits

Note: 2.18 Finance lncome and Expenses

Note: 2.27 lncome Taxes (Current and Deferred Tax)

2.03 PrincipalAccountingPoliciesThe financial statements have been prepared and the disclosure of information made in accorciance with the

requirements of the Companies Act 1994 and, International Accounting Standards (IASs) and International

Financial Repor-ting Standards (IFRS) adopted by the Institute of Chartered Accountants of Bangladesh (ICAB)'

The Board of Directors is responsible for preparing and presenting the financial statements including adequate

disclosure, which approved and authorized for the issue of these financial statements. The Statements ofIrinancial Position and Statement of Proflt or Loss and other Comprehensive Income have been prepared

according to IAS-l"Presentation of Financial Statements" based on an accrual basis of accounting fbllorving

going concern assumption and Staternent of Cash Flows according to IAS 7 "Statement of Cash Flows".

2.04 ApplicableAccountingStandardstlte tottowing International Accounting Standards (lAS) and International Financial Reporting Standards

(IFRS) is applicable to the flnancial statements for the year under review:

IAS I Presentatior.r of Financ ial Staterrents

IAS 2 I nventories

IAS 7 Statement ol Cash F lorvs

IAS 8 Accounting Policies, Changes in Accounting Estimates & Errors

IAS l0 Events after the Reporting Period

IAS t2 Income Taxes

IAS 16 Prooertv. Plant & EquipmentAS r9 Employee BenefitsAS 2I The Effects of Changes in Foreign Exchange Rates

AS 23 Borrowinq Costs

AS 24 Related Partv Disclosures

AS 33 Earnings Per Share

IAS 34 Interim Financial Reporting

IAS 37 Provision. Continsent Liabilities and Contingent Assets

IFRS 7 Financial Instruments : Disclosures

IFRS 8 Ooeratins Sesments

FRS 9 Financial Instruments

FRS 13 Fair Value Measuretnent

}:RS 15 Revenue fiom Contracts r'vith Custonrers

FRS I6 l-eases

2.05 Changes in significant accounting policiesThe Company l.ras consistently applied the accounting policies to all periods presented in these financial

statements.

2.06 Regulatory and l,egal Compliances1'he company is also required to comply with the following major laws and regulation in addition to the

Cornpanies Act, 1994:

The Income Tax Ordinance, 1984

The Income Tax Rules, 1984

The Value Added Tax and Supplernentary Duty Act,2012The Value Added Tax and Supplementary Duty Rules,2016

The Customs Act. 1969

Bangladesh l-abor t-aw. 2006

The Securities & Exchange Ordinance. 1969

The Securities and Exchange Rules, 1987.

Listing regulation of Dhaka and Chittagong Stock Exchange'

2.01 Reporting Periodfne nnaniiat period of the company covers Nine Month from July 0l ,2020 to March 31,2021 '

2.08 Functional and Presentational reporting currencyThe flnancial statenrenrs are prepared uid pr.r.ni.d in Bangladesh currency (Taka), which is the company's

functional currency.

2.09 PropertY, Plant and EquiPment2.09.1 Recognition, Measurement and Disclosure

properly, plant and equiprnent except land and building are measured at cost less accumulated depreciation and

ir.npairment losses if any. Land and buildings are measirred at fair value. The cost of an item of property. plant

and equipmen, .o,rp.ir.s its purchase "price

and any directly attributable inward fieight, duties and

non-refundable taxes. Where parts of an item of property, plant and equipment have different useful lives, they

are accounted for as separate iterns of property. plant and equipment. The Cornpany. recognizes in the carrying

amount of an itepr of pioper-ty, plant and equipment the cost of replacing parl of such an item when that cost is

incurred if it is probabt. it ut-tt.,. future economic benefits embodied within the item will flow to the entity and

the cost of the ltem can be measured reliably. A1l other costs are recognized in the income statement as an

expense as incurred. ln accordance with the ailowed altemative treatment of IAS 23 "Bortowing Cosl "finance

costs have been capitalized for qualifying assets'

2.09.2 Depreciation on Fixed Assets

Depreciation or.r fixed assets is computed using the reducing balance rnethod so as to write off the assets over their

expected useful life. After consideiing the ur.ti,l tif. of assets as per IAS-16 Property, Plant & E'quipment the

annual depreciation rates applied under which is considered reasonable by the rnanagement' Depreciation rates

varying from2.5ohro20oh.Depreciation of an asset begins when it is available for use i.e. when it is in the location

and condition necessary fbr it io be capable of operatin-g in the manner intended by the management' The cost and

accumulated depreciation of depreciable assets retired or otherwise disposed of are eliminated from the assets and

accumulated depreciation and any gain or loss on such disposal is reflected in operations for the period'

Category Rate (7o)

Land & Land DeveloPment 0%

Ofhce Building 2.5%

Air Conditioner 10%

Computer & ComPuter Accessories 10%

Fire Extinguisher 10%

Fumiture & Fixture t0%

Vehicles 20%

Office Equipment 10%

Plant & Machineries t0%

Electricity lnstaliation 10%

Factory Building & Shed 2.5%

Factory Equipment t0%

Gas Installation t0%

Generator t0%

Weishing Scale 5%

Interior Decoration t5%

Kitchen Equipment t0%

Ware House, Dhaka 10%

The Company used branded plant and machinery in its production.p^rocess which were procured form Getman'

usA, & other European countries. with a small maintenance, the life of the assets can be strengthened and can

be modified as per the requirement of the company. That is why the depreciation on plant and machineries are

l0%. The factory buildings life time are also consiiered 40 yeari which is very reasonable' That is why' the rate

is 2.5oh. Another reason is that the rnain factory building is built with RCC structures and other factory

buildings were built with pre-fabricated structures. And Other Fixed Asset's tife time is considered l0 years(Motor Vehicle 5 years) which is very reasonable.

2.09.3 Disposal of Fixed AssetsAn asset is derecognized upon disposal or when no future economic benefits are expected from its use andsubsequent disposal. Gairrs or losses arising from the retirement or disposal o1'an asset is determined as thedifference between the net disposal proceeds and the carrying arnount of the asset is recognized as gain or lossfiom disposal of asset under other income in the statement of comprehensive incorne.

2.09,4 MaintenanceActivitiesThe company incurs maintenance cost all its major items of property, plant and equipment. Repair andMaintenance costs are charged as expenses when incurred.

2.09. 5 SubsequentCostsThe cost of replacing parl of an item of property, plant and equiprrent is recognized in the carrying amount ofthe itern if it is probable that the future economic benefits embodied within the part will flow to the company,and its cost can be r.neasured reliably. The costs of the day-to-day servicing of properly, plant and equipment arereco-qnized in the profit and loss account as incurred.

2.09.6 Revaluation of Property, Plant & EquipmentAs per IASl6: Property, Plant and Equipmentparagraph 34, "the frequency ofrevaluations depends upon thechanges in lair vales of the items of property, plant and equipment being revalued. When the fair value of a

revalued asset differs materially fiom its carrying amount, a further revaluation is required. Some items o1'

property. plant and equipment experience significant and volatile changes in fair value, thus necessitating annualrevaluation. Such fi'equent revaluations are Llnnecessary fbr items of property. plant and equiprnent with onlyinsignificant changes in fair value. Instead, it ma1, be necessary to revalue the item only every three of fiveyears.

To cornply with the above paragraph The Company made its first valuation of Land and Land Development.and rr.rachineries and lluilding and other construction on 3l December 2013 and Secondll.'on l0.lune 2017 l

indcpcndent valuer to reflect fair value (Market Approach) thcreof l'ollorving'Current Cost Method' as per IFRS-13Value Measurement'.

Name ofValuer

Qualilicationof the Valuer

Date ofRevaluation

Carryingamount of

Assets

'Value of theassets afterrevaluation

RevaluationSurplus in31.12.13

RevaluationSurplus in30.06.2017

[-and and I-andDevelopment

Ahmad &Akhtar

CharteredAccountants

07.t2.17

5 l2.li4tt.032 I 07 . 52'7 3 .81) I 230,225,920 332. I 99.939

Building and

otherconstruction

322.337.791

Plant and

machineries| .037 .285,372 l. I 57,584,903 t20,299,531

'l'he increase in the carrying amount of'revalued assets is recognizcd in the separate component of equity as Revaluation Surplus.Horvever. the increase recognized in the statement of Prollt or Loss and Others Comprehensive lncome foryear ended Jr.rnc 30.2018.

Other Non-Current Assets u,ere kept outside the scope of the revaluation rvorks. l'hese are expccted to be realizable at llritten dou'nvalue (WI)V) as mentionecl in the statement of Financial Position o1'the compan1,.

The Company revalued its only land and land development as per valuation guidelines issued by the

Bangladesh Securities and Exchange Commission (BSEC) dated on lB ALrgust 2013 clause 09 of Paft A. F-or

better understanding, a table showing below;

Name of PPE At Cost as on

30 JLrne 2017

Revalued

amolilrt as on

30 June 20 I 7

Revaluation

Surplus on 3 I

Dec. 2013

Revaluation

SLrrplus on 30

June 20 I 7

Remarks

Plantby an

i'l"air

Particulars ofAssets

Land and LandDevelopment

512,848,032 1,075,273,991 230,225,920 332,199,939 As per (BSEC)

valuationguideline

dated on I 8

Augr-rst 2013

clause-8 Time-lug between

two valuation

for the same

class of assets

shall not bc

less than three

years:

provided that

no upward

revaluation ofan asset shall

be made

rvithin twoyears of its

acquisition;

OfficeBuilding,Factory

Building and

Ware House

322,331,191 322,331,',l91 As per (BSEC)

valuation

guideline

dated on I 8

August 2013

clause-9(iii)

upward

revaluation ofthe asset are

not allowed

Tin-slred

bu ildings,buildingshavingremaining

econom ic lif-e

of less than

50% of its

total useful

life, as

estimated at

constrrrction "

-

Plant &Maclrineries

1,037,295,372 119,993,956 120,299,531 As per (BSEC)

valuation

guideline

dated on I 8

August 2013

clause-9(iii)upward

revaluation ofthe asset are

not allowed 'Planl &rn ach ineries

acquired in

second in hand

condition,

acquired in

brand new

condition but

having

remaining

economic lifeof less than

50% of its

total usefuI

life. as

estimated at

acquisition"

AltaSSetS

other 31,699,365 As per (BSEC)

valuatiorr

guideline

dated on I B

ALrgLrst 2013

clause-9(iv)

upward

revaluation ofthe asset are

not allorved'Ve h ic les.

furniture &Fittings, office

equipment,

loose tools and

intangible

ASSEtS,

2.09.7 Impairment of AssetsThe managernent of the Company takes physical stocks periodically and recognition of the assets was macleaccordingly considering the usable condition, wear and tear of the assets as follows:

i) The valuation of Property, Plant & Equipment lras been made on the basis of the useable condition ofthe assets as per IAS-36 Impairment of Assets.

ii) The management of the Company has conducted physical verification of Propefty, Plant & Equiprnenton 30.06.2020

Properly, Plant & Equipment are consistir-rg of Office BLrilding, Air Conditioner, Computer &Computer

Accessories, Fire Extinguisher, Furniture & Fixture, Vehicles, Office Equipment, ptant &.Machineries, Electricity lnstallation, Factory Building & Shed, Factory Equipment, Gaslnstallation, Generator, Weighing Scale, Interior Decoration, Kitchen EqLripment and WareHouse are valued at lower of cost and net realizable value as per IAS l6: Property, plant &Equipnient Costs include expenditLrre incurred in acquiring the assets ancl other costs incurred irrbringing them to their existing location and condition.

Irr-rpairment of assets are made as and when assets became obsolete or unusable for rvhich tlremanagement of the company is giving decisions fronr time to time. The management of tfte Companyreviews the carrying amounts of its assets (Balance Sheet Date) to determine whether there is anyindication of irnpairment in accordance with IAS-36: 'lmpainnent of Assets'. During the year at BalanceSheet date, there was no indication of impairment of assets; as such, no adjustment was given in the FinancialStaternents lor impairmerrt.

2.10 Intangible Asset'fhe Company has no lntangible assets during the year.

2.11 Capital Work in ProgressProperty, plant and equipment under construction/ acquisition are accounted for as capital work-in-progressuntil construction/ acquisition is complete and measured at cost. In Addition, As per IAS 23, the Interestexpense on the bank loan taken for acquisition of plant and machinery has been capitalized since the assetscould not rnake ready for use during the reporling period.

2.12 lnventorieslnvenlories consistirrg olraw materials. worl< in progress, finished goods are valued at Iower of cost and netrealisable value as per IAS 2: lnventory. Cost of inventories include expenditure incurred in acquiring theinventories, production or conversion costs and other costs incurred in bringing them to their existing locitionand condition. Cost of inventories is determined by using the weighted average cost formula. Wherenecessary, allowance is provided for damaged, obsolete and slow-moving items to adjust the carrying amountof inventories to the lower of cost and net realisable value. Net realisable value is based on estimated sellingprice in the ordinary course of business less the estimated costs of completion and the estirnated costinecessary to rnake the sale.

lmpairment of Inventorieslmpairment of inventory is made as and when inventory became obsolete or unusable or for slow movingitems for which the management of the company is giving decisions from time to time. Based on sales cycleof slow moving items, the sales prices of the products may decreases over time. The r-nanagement of theCompany reviews the carrying amounts of its inventory (Balance Sheet Date) to determine whether there isany indication of irrpairment In accordance with IAS-2: 'lnventories'. When the sales price ntoves below theinventory cost prices, the loss on sales is recognized imrrediately in the Financial Statements. However.there was no indication ol impairment of inventorn during the year: and as such, no ad.justrnent rvas girerr inthe Financial Staterrents fbr irrpairrnent.

2.13 Financiallnstruments2.13.1 f)erivative

According to IFRS 7'oFinancial Instruments Disclosure", the company was not a party to any derivativecontract (Financial instrurnents) at the Balance Sheet date, such as forward erchange contracts, currencv swapagreement or contract to hedge currency exposure related to import of capital machinery to be leased to leases infuture.

2.13.2 Non-Derivation Financial InstrumentsNon-derivative financial instruments comprise trade receivables, trade payables, cash and cash equivalents and

share capital

2.13.3 Trade and other receivablesTrade receivables are recognized initialll,at invoice value and subsequently measured at the remaining amountless allowance fbr doubtful receivable at the year end. if any. Receivables fiorn foreign currency transactionsare recognized in Bangladeshi Taka using erchange rates prevailing on the date oftransaction.

2.13.4 Cash and Cash EquivalentsCash and cash equivalents consist ofcash in hand and with banks on current and deposit accounts and shoft terrrinvestrnents which are held and available for use by the company without any restriction. There is insignificantrisk of change in value olthe san.re.

2.13.5 Trade Payables and AccrualsLiabilities are recorded at the amount payable lor settlerrent in respect of goods and services received by the

company.2.13.6 Share Capital

Ordinary shares are classified as equity.

2.14 Provision, Contingent Liabilities and Contingent AssetsThe flnancial statements are prepared in conformiry with IAS 37 "Provision, contingent Liabilities and

Contingent Assets", which requires management to ensure that appropriate recognition criteria and measuretnentbases are applied to provision for outstanding expenses, contingent liability, assets and that sufflcientinformation is disclosed in the notes to the accounts to enable its users for their understanding about its nature,timing and amount. In accordance with the guidelines as prescribed by IAS-37 provisions were recognized in

the following situations:o When the company has a present obligation as a result of the past event.. When it is probable that an outflow of resources embodying economic benefits will be required to settle the

obligations and. Reliable estimate can be made about the sum of the obligation.We have shown the provisior.r in the statement of financial position at an appropriate level with regard to an

adequate provision for risks and uncertainties. The sum of provision estimated and booked represents the

reliable estimate of the probable expenses incurred but not paid, which is required to fulfrll the currentobligation on the Balance Sheet Date.

Loans and BorrowingPrincipal anloLlnts of loans and borrowings are stated at their outstanding amounts. Borrowings repayable aliertwelve rnonths 1'rorn the reporling date are classified as non-current liabilities whereas the portion payable rvithin

twelve months, unpaid interest and other charges are classified as current liabilities.

Revenue Recognition"As per IFRS-l5: "Revenue fi'om Contracts from Custorners" an entity shall account for a contract with a

customer only when all of the following criteria are met:(a) The parties to the contract have approved the contract (in writing, orally or in accordance with other

custolral) business practices) and are committed to perfbrming their respective obligations;(b) 'lhe entity can identify each party's rights regarding the goods ol services to be transferred;(c) The entity can identifl, the payment terms for the goods or services to be transferred;(d) The contract has commercial substance (i.e. the risk, timing or amount of the entity's future cash flows

is expected to change as a result ofthe contract); and

2.15

2.16

l.

(e) It is probable that the entity will collect the consideration to which it will be entitled in exchange for thegoods or services that will be transferred to the customer.,,

Considering the five steps model, the Company recognizes revenue at the time of when (or as) the Companysatisfies a perfbrmance obligation by transferring a promised good to a customer. Goods are consiclered aitransferred when (or as) the customer obtains control of those goods. Revenue from sale of goods is measured atthe fair value of the consideration received or receivable net of returns and allowances, trade discounts, rebatesand Value Added Tax (VAT).

Sale ofgoodsRevenue frorn the sale of goods is recognized when the signiticant risks and rewards of ownership ol the goodshave passed to the buver r.vlien the bLryer's bank provides assurancc by giving acceptance letter on ihe ctetiverl,ot-goods. Revenue represerlts thc invoice value of goods supplied to the customers rneasured at the lair value of: the.consideration received or receivable.

2.17 Financial instrumentsIFRS 9 sets out requirements for recognizing and measuring financial assets, financial liabilities and somecontracts to buy or sell non-financial items. This standard replaces IAS 39 Financial lnstruments: Recognitionand Measurement. The details of new signiflcant accounting policies and the nature and effect of the changes toprevious accounting policies are set out belorv.

Classification and measurement of financial assets and financial liabilitiesIFRS 9 largely retains the existing requirements in IAS 39 for the classification and measurement of financialliabilities. However, it eliminates the previous IAS 39 categories for financial assets of held to maturity, loansand receivables and available fbr sale. The adoption of IFRS t has not had a significant effect on the company'saccounting policies related to financial liabilities. The impact of IFRS 9 on the classification and rneasurementof llnancial assets is set out below.Under IFRS 9, on initial recognition, a financial asset is classified as rneasured at: amortized cost; Fair ValLrethrough Other Corrprehensive Income (FVOCl)-debt investment; Fair Value through Other Corrprehensivelncorre (FVOCI) equity investment; or Fair Value through Proflt or Loss (FVTPL).'fhe classification ol'financial assets utlder IFRS 9 is generally based on the business ntodel in rvhich a financial asset is managedand its contractual cash flow characteristics. Derivatives errbedded in contracts wl.rere the host is a financialasset in the scope of the standard are never separated. lnstead, the hybrid financial instrument as a whole isassessed for classifi cation.

A financial asset is measured at amortised cost if it meets both of the following conclitions and is notdesignated as at FVTPL:a' it is held within a business model whose objective is to hold assets to collect contractual cash flows: ancib. Its contractual tenns give rise on specified dates to cash flows that are solely payrnenls of principal and

interest on the principal amount outstanding.

A debt investment is measured at FVOCI if it meets both of the following conditions and is notdesignated as at FVTPL:

a.it is held within a business model whose objective is achieved by both collecting contractual cash flows andselling financial assets; and

b. Its contractual terrrs give rise on specified dates to cash flows that are solely payments of principal andinterest on the principal antount outstanding.

On initial recognition of an equity investrnent that is not held for trading, the company may irrevocably elect tnpresent subsequent changes in the investrnent's fair value in OCI. This election is made on an investment-by-investment basis. All financial assets not classified as measured at amorlised cost or FVOCI as described aboveare measured at FVTPL. A financial asset (unless it is a trade receivable without a significant financingcotnponent that is initially measured at the transaction price) is initially measured at fair value plus, for an itemnot at FVTPL, transaction costs that are directly attributable to its acquisition. The fbllowing accountingpolicies apply to the subsequent measurerrent of financial assets.

Financial assets at FVTPLThese assets are subsequently measured at tair value. Net gains and losses, including any interest or dividend

-

income, are recognized in protit or Ioss.

Financial assets at amortised costThese assets are subsequently measured at amortised cost using the effective interest method. The amortisedcost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment arerecognized in profit or loss. Any gain or loss on de-recognition is recognized in profit or [oss. Trade receivablesare classified as flnancial assets measured at arnortised cost.

Debt investments at F'VOCIThese assets are subsequently measured at fair value. Interest income calculateci using the effective interestmethod, foreign exchange gains and losses and impairment are recognized in profit or loss. Other net gains andlosses are recognized in OCI. On de-recognition, gains and losses accumulated in OCI are reclassified to profitor loss.

Impairment of financial assetsIFRS 9 replaces the'incurred loss'rriodel in IAS 39 with an'expected credit loss'(ECL) rnodel. The newimpairment nrodel applies to financial assets measured at arnorlised cost. contract assets ancl debt investnrentsat FVOCI. but not to invesltnents in equitl,instrur.nents. The financial assets at amoftised cost consist ol-traciereceivables^ cash and caslt eqr-rivalents, and corporatc debt securities. When delerntinin_q whether the credit riskof a tlnancial asset has increased significantlv since initial recognition and when estintating ECLs, the companyconsiders reasonable and supportable information that is relevant and available without undue cost or etfort.This includes both quantitative and qualitative information and analysis, based on The Company's historicalexperience and informed credit assessment and including forward-looking information. The company considersa financial asset to be in default when the debtor is unlikely to pay its credit obligations to the company in full,without recourse by The company to actions such as realizing security (if any is held).

Measurement of Expected Credit Losses (ECL)ECLs are a probability-weighted estimate of credit losses. Credit losses are rneasured as the present value of allcash shortfalls (i.e. the difference between the cash flows due to the entity in accordance with the contract andthe cash flows that the company expects to receive). ECLs are discounted at the effective interest rate ol thehnancial asset. At each reporling date, tl.re company assesses whether financial assets carried at amortised costare credit-impaired. A financial asset is'credit-impaired'when one or lrore events that have a detrimentalimpact on the estirnated future cash flows of the financial asset have occurred.'Ihe Company expected that theyhave no credit losses on Trade Receivables.

Prcsentation of im pairmcntl-oss alloivances for flnancial assets rxeasured at arrortised cost are deducted fiorn the gross carnving amount ofthe assets. For debt securities at FVOCI, the loss allowance is recognized in OCI, instead of reducing thecarrying amount of the asset. Irnpairnrent losses related to trade receivables and others, including contractassets. are presented separately in the notes to the financial statement ifany.

2.18 [mpairmenti) F'inancial assets

'fhe Company recognizes loss allowances for Expected Credit Losses ECLs on:o flnancial assets measured at amortised cost;o debt investments rneasured at FVOCI: and. Contract assets.

Loss allowances for financial assets measured at amorlised cost are deducted fiom the gross carrying amount ofthe assets. Except forthe following, which are measured at l2-month ECLs?o debt securities that are determined to have Iow credit risk at the reponing date; ando Other debt securities and bank balances for which credit risk (i.e. the risk of default occurring over rhe

expected lif-e of the financial instrurnent) has not increased significantlv since initial recognition.

When determining whether the credit risl< of a financial asset has increased significantly since initialrecognition and when estimating ECLs, the Corrpany considers reasonable and supportable infonnation that

is relevant and available without undue cost or effbrt. This includes both quantitative and qualitativeinformation and analysis, based on the Cornpany's historical experience and infornred credit assessment andincluding forward- looking information.

ii) Non-financialassetsThe carrying amounts of the Company's non-financial assets (other than inventories) are reviewed at eachrepofiing date to deterrrine whether there is any indication of impairment. If any such indication exists. then theasset's recoverable amount is estimated in order to determine the extent of ir-npairntent loss (if any). Where it isnot possible to deterrnine the recoverable amount of an individual asset, the Cor-npany estimates the recoverableamount of the Cash Generating Unit (CGU) to which the asset belongs. An impairment loss is recognized if thecarrying amount of an asset or its CGU exceeds its recoverable amount. The recoverable amount of an asset orCGU is the greater of its value in use and its fair value less costs to sell. Value in use is based on the estimatedfuture cash flows, discounted to their present value using a pre- tax discount rate that reflects current marketassesslnents ol the time value of money and the risks specific to the asset or CGU. Impairment losses arerecognized in profit or loss. An impairrnent loss is reversed only to the extent that the asset's carrying amountdoes not exceed the carrying amount that would have been deterrnined, net of depreciation, if no impairilent losshad been recognized.

2.19 Foreign Currency transactions and translationsThese Financial Statements are presented in Bangladeshi Taka which is the functional and presentation currency ofthe company' The imporl activities of the company were carried out in foreign currency but recordecl and reporledin Bangladesh Taka as the reporting Currency. Foreign exchange differences (if any) arising on translation arerecognized in the Statement of conrprehensive lncorne in accordance with IAS 2l "The Effects of Changes inForeign Currency, Rates."

2.20 Em ployees BenefitsThe Company has accourtted fbr and disclosed ernployee benefits in compliance u,ith the provisions of IAS l9:Ernployee Beneflts. The cost of employee beneflts is charged off as revenue expenditure in the period to which thecontributions relate. The Company's employee benefits include the following:Short-term employee benefitsShofi-term ernployee benefits include wages, salaries, bonuses, house rent, medical fees etc. Obligations for suchbeneflts are Ineasured on an undiscounted basis and are expensed as the related service is provided.

Provident FundThe Corrlpany has eslablished and maintaining Contributory Provident Fund. Permanent employees of theCompany contribute 8.33% of their basic salary to the provident fund and the Corrpany also contributes the same.

Workers' Profit Participation Fund (WPPF)'lhe Company provides 5oh of its profit before tax after charging contribution to WPpF in accordance withBangladesh Labor Act, 2006 as amendment 20 I 3.

Gratuitr,:As per the Bangladesh Labor Act.2006, rvho have corrpleted minimum 5 (five) years of continuous service fiomthe date of joining are eligible to gratuity payment at the time of separation of employment with the Company. TheCompany have not yet established gratuity fund. The Management of the Company has a plan to establish giatuityfund in near future.

2.21 Finance Income and ExpensesFinance IncomeFinance Income contprises interest income on funds invested Interest Income is recognized on maturiq.Finance ExpensesFinance llxpenses comprise interest expenses on loan, overdraft and bank charges. All bonowing costs are recognized inthe profit and loss account using the effective interest method except to the extent that they are capitalized during theconstructions period of the plants in accordance with IAS-21 "The efTect of Changes of Foreign Cunency Transaction".

2.22 Earnings per Share (EPS)The Company calculates its Earning per Share (EPS) in accordance with ,l.t -tJ ,,Earnings per Share,, which hasbeen shown on the face of Statement of Profit or Loss and Other Comprehensive Income und th. computation ofEPS.

Basic EarningsThis represents earnings for the period attributabledividends, minority interest or extra ordinary items,attributable to Ordinary Shareholders.

to the Ordinary Shareholders. As there are no preferencethe net profit for the period has been considered as full_v

Basic Earnings Per ShareBasic EPS is calculated by dividing the profit or loss attributable to Ordinary Shareholders of the company by theweighted average nurnber of ordinary Shares outstanding during the year.

Diluted Earnings per ShareDiluted EPS is delerrrined by adjusting the profit or loss attributable to Ordinary Shareholders and rveightedaverage number of Ordinary Shares outstanding. for the eff'ect of alt dilutive potential Ordinary Shares. How-ever.dilution of EPS is not applicable for these Financial Statements as there were no potential Ordinary Shares duringthe relevant year.

Weighted Average Number of Ordinary Shares outstanding during the periodThe basis of computation of number of shares in line with the provisions of IAS-33: Earnings per share. Therefore,the total number of shares outstanding at the period multiplied by a time-weighting factor which is the number ofdays the specific shares were outstanding as proportion oftotal nunrber ofdays in the year.

2.23 Statement of Cash FlowsStaternent of Cash Flows is prepared in accordance with IAS T "Staterrrent of Cash Flows". The cash florv from theoperating activities have been presented under Direct Method as prescribed by the Securities and Exchange Rules1987 and considering the provisions of Paragraph l9 of IAS-7 which provides that "Entities are encouiaged toreport Cash Flows frorn Operating Activities using the Direct Method" as well as the indirect method in the notesto the Financial Staternents.

2.24 Responsibility for Preparation and Presentation of Financial Statements:The Management is responsible forthe preparation and presentation of Financial Statements under Section 183 of theCompanies Act, 1994 and as pel the Provision of "The Framework for the preparation and presentation of FinancialStatements" issued by the International Accounting Standard Board (IASB) as adopted by the Institute of TheChartered Accountants of Bangladesh (ICAB).

2.25 Risk ExposureFinancial Risk Management PoliciesThe cornpany management has overall responsibility forthe establishment and oversight of the company's riskmanagement framework. Risk management policies, procedures and systems are reviewed regularly to reflectchanges in market conditions and the company!s activities. The company has exposure to the following risks itsuse of financial instrumerrts.Currency RiskThe Company is exposed to fbreign currency risk relating to purchases which are denorninated in foreign currencies.The company primarily utilizes forward exchange contracts with maturities of less than one year t; hedge suchfinancial liabilities denorninated in foreign currencies. The fbrward exchange contracts entered into at the reporringdate also relate to anticipated purchases. denominated in foreigrr currencies, tbrthe subsequent period.

Credit RiskCredit risk is the potential financial ioss resulting frorn the failure of a custonler or counterpafiy to settle its financialand contractual obligations to the company as and when they fall due. Management has a credit policy in place andthe exposure to credit risk is monitored on an ongoing basis. Credit evaluations are perforrned on atl customersrequiring credit over a cerlain amount. At the reporling date there were no significant concentrations of credit risk.' The rraximum exposure to credit risk is represented by the carrying amount of each financial asset in the statement of

flnancial position' However, due to a large number of parlies comprising the group's customer base, Managementdoes not anticipate material losses from its debt collection.

Liquidity RiskThe Company monitors its liquidiqv risk and maintains a level of cash and cash equivalents deemed adequate bynlanagement to finance the company operations and to mitigate the effects of fluctuations in cash flows.

Market riskMarl<et risk is the risk that any change in market prices such as foreign exchange rates and interest will affect thecornpany's income or the value of its holdings flnancial instruments. The objeclive of market risk management isto manage and control market risk exposures within acceptable parameters.

Interest rate risk:Interest rate risk is the risl< that arises due to changes in interest rates on borrorving. There was no tbreign currenc'loan which is subject to f'loating rates of interest. Local loans are, however, not siinificantly affectecl byfluctuations in interest rates. The company has not entered into any type of derivaiive instrument in orderto hedgeinterest rate risk as at the reporting date

F'air Valuesl'he fair value is the amount for which an. asset could be erchanged, or a liability settled, between knowledgeable,willing parties in an arm's length transaction. The fair value of irade and otheruho,t-t.., receivables are taken toapproximate their carrying value. The fair value of financial assets and liabilities approximate their carrying value.

2'26 Risk and Uncertainties for the use of Estimates in Preparing Financial StatementsPreparation of Financial Statements in conformity with the Bangladesh Accounting Standards requ iresmanagement to make estimates and assumptions that affect the reported atnounts of assets and liabilities anddisclosures of contingent assets and tiabilities at the date of the financial statement and revenues and expensesduring the period reported. The actual result could differ from those estimates. Estimates are used for accounting ofcertain items such as depreciation and amortization, taxes, reserves and contingencies.

2.27 Events after the Reporting periodEvents after the reporling period that provide adclitional inforrnation about the company's positions at the balancesheet date are ref-lected in the financial staternents if any. Events after the reporling period that are non-adjustingevents are disclosed in the notes when rnaterial.

2.28 Related Party TransactionsThe company, in the tlornral course of business, has carried out a number of transactions with other entities that fallwithin the definition. The objective of Related Party Disclosure IAS 24 is to ensure that an entity,s FinancialStaternents contain the disclosures necessary to draw attention to the possibility that its financial position andprolit or loss may have been aff'ected by the existence of related pafiies and ty transactions and outstandingbalances with such parlies. Parlies are considered to be related if one parly has the ability to conrrol the other partyor to exercise significant influence or joint control over the other party in makini financial and operatingdecisions. The Company transacts with ielated parties and recognize as per IAS 24 'Related party Disclosures,.Related pafty transactions have been disclosed under Note _ 36.

2.29 Contingent Liabilities and AssetsContingent liabilities and assets are current or possible obligations or assets,existence is due to the occurrence or non-occurrence ofone or more uncertaincontrol of the company.

arising from past events and whosefuture events that are no1 r.vithin thc

2.30 Comparative AmountsCertain comparative amounts have been presented as per IAS-34'lnterim Financial Reporting'and re-classified &rearranged to conform to the current period's presentation and all numerical information in the current financialstatelxents as below:o Statetrents of F-inancial Position as of the end of the preceding financial yearo Statements of Corrprehensive Incotne lor the corrpaiable of tie precedirrg financial period.

' Statelxents of Changes in Equrty fbr the corrparable of the preceding financial period

' statement cash Flows for the comparable if the preceding financial periodNarrative and descriptive information for comparalive inf'oimation has also been disclosed whenever it is relevantfor the understanding of the current period financial statements.

Rearrangement of Financial Statcment:The previous year's figure has been rearrangement whenever considered necessary to ensure comparability withthe current period presentation.

2.31 Components of the Financial Statements:According to the International Accounting Standard IAS-1: "Presentation of Financial Statements,,the complete set of Financial Statements includes the following components:i) Statement of Financial position as at 3 I March 2021 .

ii) Statement of Proflt or l-,oss or other Comprelrensive Income for the period ended 3l March2021.

iii) Statement of changes in Equity for the period e.ded 3 I March 2021 .ir) Statement of cash Flows for the period ended 31 March 2021 .v) Notes, cornprising a sluxmary of significant accounting policiesInformatio, as at and for the period ended 3 r March 202 r .

and other explanatory

2.32 Income TaxesIncotre tax on the profit or liiss for the Period cornprises current and deferred tax. Income ta.r is recognized in theittcotne slatement except to the extent tliat it relates to items recognized directly in equitl,, in which case it isrecognized in equiri.

2.32.1 Current TaxCurrent tax is the expected tax payable on the taxable income for the period/year and any adjustment to taxpayable in respect of previous years as per the provisions of Income Tax Ordinance, l9g4 and duly amended bythe Finance Act fl-orn time to time.

The effective tax rate of the company is provided as foilows:

Corporate Tax Rate of the CompanyTax Rate on Other Income:Taxes on Interest on FDRTaxes on Dividend IrrgtlmeMinimunr Tax Rateblxport/ deented expo( irrcorre (if any)

r Ilrcorne tax rate has reduced to25ok lronr 32.50% as per Finance Act2020 due to Iistingwith stock exclrange of the Company.

Policy of tax collection by governmentThe Goverrrnrent has collected the tax which that calculated tax is higher arxong the Corporate Tax.Minimr-rm Tax and Tax Deducted at source.

2.32.2 Deferred TaxDeferred tax is recognized using (in accordance with the IAS-12) the Balance Sheet method. Deferred tax arisesdue to temporary difference deductible or taxable for the events or transaction is recognized in the incomestatements' A ternporary difference is the difference between the tax bases of an asset or iliuitity and its carryingamount/repofted amount in the Balance Sheet. Deferred tax assets or liability is the amount of income taxrecoverable or payable in the future period(s) recognized in the .r.r"nt period. The def'erred taxliabilitylexpenses do not create a legal liability/recoverabil[v to and from the income tax authoritv.

25.00%25.00%2s.00%20%0.60%12.25%

2.33 Operating SegmentsNo segnlental reporting is applicable for the company as required by "IFRS-g: .operating Segpents, as thecompany operates in a single industry segment and within as geographical segment.

2.31 Advance, Deposits and prepaymentsAdvances are initially measured at cost. Since initial recognition advances are carried at cost fewer deductions,adiustments or charges to other account heads such as Property, Plant and Equipment, inventory or expenses.Deposits are measured at payment value. Prepayments are iniiiatly measured at cost. Alter initlal recognitionprepayments are carried at cost less charges to profit and loss account.

2.35 Cash and Cash EquivalentsAccording to IAS -7 '' Staterrent of cash Flows" cash comprises cash in hand, demand deposit and cashequivalent which are shorl-term highly liquid investments that are readily convertible into cash and which aresubject to an insignificant risk of change balances and call depositi, Bank Balances in value. IAS -l"Presentation of Financial Statements" provides that cash and cash equivalents are not restricted in use.Consideration the provisional of IAS-7 and IAS-1, Cash in Hand and Bank Balances has been treated as Cashand Cash Equivalents.

2.36 Investment in F-DRInvestment in FDR includes fixed deposits held rvith various banking and non-banking financial institutions inthe natne of Lub-rref (Bangladesh) Limited. The fixed deposits are renewed upon maturity at the option ol the0ompany.

2,37 Other Current Assetsother current assets (if any) have a value on realization in the ordinary course of the company,s business which[s at least equal to the amount at which they are stated in the Statement of Financial position.

2.38 Cenerali Wherever considcred neccssar\. previous Period's fig,ures have been rearranged lbr the purpose ol.

comparison.ii. lrigures appearirrg in the flnancial statements have been rounded off to the nearest Taka.iii. The Financial Statements were authorized by the Board of Directors on 9tl, May 2021 .

2.39 Significant Deviation:The net profit after tax of the company has increased current period compared to previous perioddue to increase of sales revenue, financial income (note-25.00) and decrease of income tax expenses(current & deferred tax) for the income tax rate reduced to 25% from 32.50% as per Finance Act2020 due to listing with stock exchange. As a result, Earnings per Share (EpS) have increased currentperiod compared to previous period. Cash flows from operation activities have increased currentperiod compare to previous period due to increase of collection from customers. As a result, Netoperating Cash Flow per Share (NocFPS) have increased current period compared to previousperiod. Net Asset Value (NAV) per share has increased current period compare to previous year dueto rising of paid up capital through rnitial public offering (rpo).

J.00 Property, Ptant and Equipmcnt (Note: J.00+3.02+1.04)A. CostOpcning Balarrce

Add: Addirion during the 1,.earAdd: iransf'cr fron Capital Work in proqress-lirtal

Cost

B. Accumulated f)epreciation0pening BalanceAdd: Charged during rhe year (Note 3.03)Total ChargedC. Writtcn Down Value Cost (A_ts) as on 31 December, 2020A schedule ofpropettv-, plant and etluipnrent is given in Annexure _ A

1.02 RevaluationReserve,\. RevaluationC)pening BaliinceAdd IleralLratron rnade tltrrlrt llle \ear (\ote: 0J.02.01,a)ALld: Ii$,aluation rnadc duriils the vear (Note : 0.1.02.01.a1(-ilosing BalanccB. Accumulated Depreciation on RevaluationOpening BalanceAdd: Prior r,ear adjustment fbr depreciation on Rcvaluation ReserveAdd: Charged dururg the year (Note 3.03)Opening Balance Restate(l as on 01.07.2016Add: Chareed during the year (Note 3.03)(llosing Balance(1. Written Dolvn Value of Revaluation (A-B) as on 3l December, 202t)A schcdirle of properl,. planl and equiptrent is given in Annexure _ ,A

3.02.01.a Rc\alurtion llcsurve for the year endetl J0 June.20lg

3.03 Allocation of Depreciation ChargesFacloN O\,erhead (i 709/o

Gcncral and Ad nt inistration Ovedtcad ..J', l 5oiSelling antl Distribution overheaci,ri l5oir

(lapital \\ ork-in-ProgressOpenrnu balalce,\dd: Addition made drnins the vearAdd. Interest Capitalization durirg the ),earLesst -lranslerred

to Fixed Asset during the year

The muke-uo ofthe Closing BtlttnceI IFO Dehvdration(lreasc PointCl(f (;encratioll (I5 KWll l)I.aboratorf SerriceDnrnr [-lnitl-ub-rrellBanrladeslr) t_im jted Llnjt-2

InventoriesRaw Materials - note 4 0lPackrng Materials - note 4.02Finished Goods - note 4 0l

Lund & ltnrl Developmenl is revaluetl us Ltr 30 June,2Tl7 dtere tlrc valuer valued Land & Land Developtnenl Th. 1,07s,271,g9tagdilsl Book vtlue rc on 30 .Iune, 2017 ttfTk. 512,848,032 therefore a revnluotion amount oJ'Tk. 562,125,g59\or Latul & LrttrdDevebpment is tronsferrcd to Revaluation Resurve blt an atljustment witlt previous Reyaluation Resurve. .I'he

valuer valued its assetsconsi{lering foir volue (Market . pprooch) thereoffoilowitrg ,Current Cost Methott,.

Amounts in Taka3l-Mar-2t | 30-Jun-20

4,246,65J.250 3,929,929,1e2

3.s10.t44.481 | lJ,rIo,r4. I

-16.761.241 I on. t:r.t,u,r50 t.517

3,986,907,726 3.940.141.482

6'{1 71S tqo 681.715..19()

.t.682,72s,390 682,72s,391)

59,580.s04 | s:.s:+.:oo-l

l] I -in_] el I I [r,:.r,1 rlh.00o,i_i1 | lo.r-tx 0-l-

s" I le.8.tx r).1-

t13,J71,011 t98,920,110

qoq.ch? J l8r).llq.q7n

410.137.8s8 | l7t.ri8,-10613.000,000 | 14. [8,7 11

50 I .547636,307,82s 192,969,967

616.307.825 192,969,967

168.747.10? I ls7Il.750.lol| |le(r.lxs

1.11.5,1? I 19.i67.i97

Note-2 I 03

Notc-2 2

Note-2.1

As per IAS 23 " Borru|9ing costs", the lilteresl expense on the bonk loo, tlkenfor acquisition of pl*til o,,4 ,ro"hinffi,capilolized since the assets could ttot make retdy for use duing the reportitrg period.

64,134,801 s9,580,90,r

I lo.trr.srt, | ,o.nn-r,u**qt.o5l..ru7 | n,,.t.. snl6.87r).-iq8

Ilgb.olt.u33l't.ott,"ou13,12 t )

52.1,0.t5,216 527,11t6,76.t

3.0,1

4.00

29'7,617 21489.,1 I I .668

4.01 Raw l\{aterials - note 4.00 &Base OilAdditives & ChenticalsuLo

1.02 Packing Ntaterials - note,l.00 &Errrg,n Drrrril, patl & CuItaillerCafioIStickersPVC Shrinks & Orhers

Amoutrts

3l-Mar-21 | 30-Jun-20

_]5!37 ,367 387,0s8,882

6.5 lh.b(rR I O,iJo5u I

1.708.ti7 | z.+:u.o.r,r.7q5.88-t I r.os,r.os:

i l -168.st2

I 1.750.263 I 1,390,485,1.03

5.00

5.0r

5.02

6.(X)

Finished Goods - notc ,1.00 & 2lLrrbricatinc Oil

'I'radc & Others Receivablcs ( Note: S.0l+S.02)Trade ReceiyablesOpering BalanceAddi Addition during the vear

Less: Realized during t)re year

Disclosure as per schedule-Xl, part-1, ofthe Company Act,Drres ovcr 6 MonthsDues rvithil 6 MonthsT0talReceivable considered good & securedReceivahie considered good \\,ithoLrt sectrrityReceivable considered doubttirl or badRcceivables due by directors or otllcr otiloersRcceivables due li-onr companies utder same ntanagelrentMari:num debt due by Directors or ofilcers at any time

0thcr ReceivablesOthcr receivable-Lab TestAccrued lnterest Inconte (FDR)

Advances, Deposits an(l prepavmentsAdlances - uote 6 0lf)eposils - nole 6.02

Adya n ces

Advance against L/CAdvance to IPO ExpensesAdvance against VATAd\ance Against Salary & AllowanceAdvancc Against ProcurementAdrance Travellilg & ConvcyanceAdvance against Ofllce RentAdvalce lnconte Tax (6.0 I I )Advalrce againsl Otlice ExpensesAdvance againsl Selling & Distribution ExpensesAdvance agatnst Fuel ExpensesAdvance against Legal & proi'essiotral ExpensesAdvaDCe against Machinery purchase

l '7I '7

l:13,547,586 129,367.J97

157.886.57 I 130,196,620

4tq.4ts.hlt | :vn.rxo,t ii1,326.947, I 38 I ,690,499.21.1

1994

|J46,372,770 2,0s6,67934tI.401.182.257 I 667 rs1 7oo315,010.5t3 41r.4

Iql,733 | t02.127:?l781 | 3t ,1

J45,090,s I 3 119,12s,63224,1,192.413 3 I 8,517,511100,8q8.1r)U I too.xul lrrrr

34s,090,513 1t9.12s.632

ll.7c)6.()581 t0.r,,1,o311't

---J2lf!.051- ltt,r,tt,vttx

.l.l-.ehx r){)q | :* ,r, Lrnt-/t)l .914

--.45!129J15 36s,718,ee6

I.15.llb.-\6hl xu.:Sl::u.1 I ,71 1,575 i5.97.1.1-17

I 86,940,1 4 I 1,1s,226,566

186,940,14r 14s,226,566

r 97,985

2 I 1.0()0

I 5 l^ii(x){,q81.6t,1

I I 1.150

6.()1.1 .\drance Incomc l'ar( )peling BalanccAdd: Addition during lhc vear

Less: Ad.justnlent during the yearClosing llalance

6.02 Deposits(Security)Bangladesh RailrvayLirde Bangladesh t_td.

PDB- Paharlalr

Bakhrabad (ias Sl,stenr Ltd(-l)tndruilf l)on ArrtlroiltrIlangladesh Telephone and Telegranh Borr{l_R.t-TR

153,777 ,98348,658, I 39

6,400,3 I l2,458;72s

3 5,688,7,10

365,820I 55,500

186,940.i1tI .986.iJ0 I

569,880

61,400903.568

t45,6s4,7). t

I 1,251,7153.095,95,1

45,967,05 I

'140.-580i 55.50()

I 45.t16.5661.b78.0 I 1

91 7,05 5

67,000r ,278,s18

,000

t97,9tt52 I 2.000

2 51.8006,081,288

520.000

Speed Track (pvr) Lrd. _Ctg.

Rural Porver Company Lintitecl _RpCLChittagong Chanrber of ContmerceAl-Haj Karinr Ullah tbr Dhaka WarehousePDB- Rarrjan. ChittagonuMaror i(ajshrltr Cin CurporariorrAndurp CNG Filling Station, Dhakat,ul.f't_General Electric ManufactLrring Co. Ltdl\4rs. ilalinta Begunr (Dhaka Guest House _Ne\\,)

Clrrnagorrr Citl CorporalrorrShiddirgonj porver

Rostan State Atontic Iinergv Corporation.Siddhirgarj 2* 1 20 MW porver planr.

Siddhirganl 335 MW Contbirred Cvcle pou,er plant

6'04 Additi.nar discrosureinrine*'ithschedurclr partlof the CompanitsActlgg,lAdvance Outslanding tbr a period exceeding six nronthsAdvance Outslandilg tbr a period not e\ceedjng si\ rnorlhsAdvance considered gootlAdvance lo Dircctor & Ofllces ol.thc coiliIroI Managellcilt ContparY-l

hesc r.clude clues realizahle,radjustab)e u,ithin one vear rixt tiom the reporli.g dateAdrance include aggregate amoutt due bv the olficers ofthe contpanv'fhe nraxintunl aggregate arllount due bv the otficers ofthe companv at the end ofany nronth durilrg the year

7.00 Related Partv Curretrt Account7.01 (lompanvgonj Agro Industries Limited

Opcning BalanceAdd: Addilion during the year

Less: Adiustrnent/Paid ofTduring tJre yearOlosing Balance

.Iulda Shipvard Limited0pening BalanceAdd: Additiorr drn.ing the vear

Less: Ad.justltentPaid offduring the yearClosing Balance

"''Ifitercst wLs Charged (A 6% p.a on baltnce oftccoutrtstlated: 1 2tlt November, 2t)l 7

Cash and Cash EquivalentsCash irr Hald Note- 8.01(lash at ISank Note- 8 02I:DR Investrneilt Note- 8.0_:

Clash in HandCash at Hcad Otlice (Ctg)Cash at Dhaka Otlce

8.02

I 0.00095.40096,000

i00.0001 1.000l'rqt40,000

8,6 t0I 79,665

200,000

oz,oos

16,869,976 3 I,92s.000

lr.e2i,0oo | 6il6qJ?4,344,976 | 12,806,529

J6,269,976I 9,400,000

80, I 7s,90648,250.e06

16,869,976 3 t,925.000

- I I s7,sse- | ll.llq

169,97t1

169.c)78

8.00

8.01

which was carried forward for more thiln a lear os per decision of Board

0.16

lo 615.117 I ljgi,rJ.,J1.0o5.407.u17 I ,..,t l.rn,

6.55 7t,08r,ril.401 ,2

05.7b6.7sn | ,r.ros.rts4.8',78.519 4,161

-__l_q,!45J]Z8,959,094

Cash at BankSoulheasl Ballk LinlitedS0trrheirsr Bank Linrired (00470)Soillheasl BaDk t.trnited (30092)Islanr j Bank Barrgladesh LinrireclDutclt Barrgla llank t,itnitedPubali Ilank LirriredAl Aralhh Islanti Bank LimitedSorali Bank Linrited[]ttara Ba|k LtdSahajalal Islanii Bank Ltd

BranchJubilee Road

Donia.lubilee Road

Agrabad

CDAPahafiali

Agrabad

LaldighiAgrabad

Dhaka Main

Tvoes

CurrentCurrent

CurrentCurrent

CulentCurenfCurrenlCurrentCurrent

Current

I ,0 t 8,699

I,872

229.859

I 4.60469,1,98 7

t00,2 li17,,198

1.16,3

I 5,605

1,171

88 t,{t_17

18.'1 l679. 1,18

,l.t-tll,l7l

1.057

I0,00095,40096,000

300,000

11,000l2 29r,10,000

8,6 l01'19,665

200.000

195,'721 )17260,872,368456,599,7 I 5

151,156._157

2 I 1,382,6i8365,738,995

Islanri Bank Banilladesh Lrrnited l,ahartaliF-XIN4 Barrk Linriledsorrali liark l.rnrilcd

Asrabad

Sourhcasl llark t-inrited (0 r59) ,.,1;H,1,",Sourlteasr Bank Lintited (0l4g9j) .tubil'ec ltoadSoutheasl Bank Linrired (014899) lubilee RoadSoutheast Bank Limired (01.1900) Jubilee RoadSoutheasr Bank Linrited (294) paha(aliSourireast Bank Limited (14915) .tubilee RoadSocial Islanri Bank Linrited (33097) agraladSoutheasr Bank Limired (14867) lubilee RoadSoutheast Bank Limited (00 I I,1) .tubilee RoadSoutlteasl Bank Lintited (0000 I ) .tubilee RoadSoLrlheast BaIh Llnlited (00001 ) .lubllee RoadAll tlre baDk balarrces ucrc conllrnreil lly the respectiYe bank.

:JND

Cutte ll ICLrrrerrl

C llrre ll I

SNDSNI)SNDSND

SNDCunentSND

FCA-USDFCA.GBPFCA-hUI{

9.00 Share CapitatAuthorized Capital250,000,000 Ordinary Shares ofTk l0 each

Paid un Canital100,000,000 Ordinary Shares ofTk l0 each are l.ul11,paid in cashAdd : Addirion during rhe pcriod (.15,243,1,1.1 shares ofeach.fk 10)

I 1.00 Retained EarningsOpenirrg BalanceOpening tsalance Reastatcd as on 01.07.2016Addt Net profit /(Loss) dru.ing the yearAdd: Current year depreclattot) on revllued anluLtnt of ti\ed assersClosing Balanct,

Tlrc Issued. Subscribed anr:l paid_up Capltal is Tk. I,,1j2,43 1,440 divided ir)toposilion ofthe coilrpany as on 3lst March 2021 is as fbllorvs:

Share Premiurn30,000.000 OrdinaD, Slrares a(.r per Share

-I.k. l 5 l8 each

22,62 1.5,1,1 Ordinarr Shares @ per Share Tk. 29.308.10,1.1 cach22,621.600 Ordinary Shares @) per Share

-fk. I7 00 eaoh

Reyaluation ReseneOpenint BalanceAdd. Revaluarion nrade during the year (Notc: 0j.02.01.a)Lcsr. n Jllr5lllrenl l'or dcpreuiatiorr ul) Rc\alUJltoilAdd. Revaluation lltade during the year (Note: 03.02.0l a)Lc\s. Adtustillelll lbr deprecratrul oI ReraluatrotrAdd: Detbrred Tar (Expenses),/lnconte oil Revaluation ReserveClosing Balance

t.06s,407,027 7.J2t,e69

-

6'73,

l, I 28,5i31,605,079

3l0,l8l91.6,226

105,5',7'7

11.568I r4..117

6811,-jg9

6 11..56'i

155.7-.]7

z,soo,ooo,ooo -lSooioo,noo

t.000.Uo0.un0 J t ,,trnrtOulli,.152,41 I ,4,10

1,,152,43 r,4,10 I O00,000Jm01.15,2,13, l4.l ordinary shares of.faka 10.00 each f'ully paid. 'fhe Shareholdrlg

,158.500.000 I ticJu0n')u661,00 I .i603 84.567

t,506,068,560 158

l.4u0.i4t l{)t I t. t:z.t nl.,l(,0,Jt2,{02 | I.rrz.rrz.rralol.ol7.7e5| :St.:ra.rro9

53,897 | 6.746.s1,1

8.03 [iDR Investment245000 I 379 l

2,15000 I 585424s0002557224500027 1232450002'7',l46

21500027 t-4i2,1-500027748

2,130000i 787

215000t78170u.1,51 200t62 7l0045120026396

00.151300i 949j

SEBL Jubilee Road BranchSEBL .lubilee Road BranchSEBL.lubilee Road BranchSEBL.lubilee Road BranchSEBL Jubilee Road BranchSEBL Jubilee Road BranchSEBL .lubilee Road BrancltSEBL, Pal)anali UraltchSEBL.lubilce Road BrancltSIBI-. Asrabad BranchStBL, Agrabad BranchSIBL, AgrabacJ Branch

9.01

10.00

193/lsq/Attmin/St'dilerr: t3/0t/20r3andlVsguiderit,rriirt,rrr)riii"ri:rr,,,"iiirfir'i:;;;;";';;;;,ir,:.t;;;;ii",ii'rijl,;,,,,,,r.

Note No. 3.02, 2.28 & 12.00

,\mounts in Taki-31-Mar-21 .30-Ju n-20

l1 ?sJ

i7 t..l.lil.-5ll,s

li08,il6

2413,406

2s,838t,4s8,68 r

956,375863,327 .278196,7 42,132

i 87.862I 92.231

ll.7.lll.I5lt..r 8l

l.r lJiI l..lel8.583

3t6.168,1,085

34,s I 5

t,115.3621,6 I 8,851

7 t5,928i , I 25,s331,703,0 I0

347,8s1984,078

I I 2,07825.052

lll,0887li rrJi

6,16.0q1

I 64,16 I

6,86r,04t 6,ss?,262

SI. Name of Shareholders Number of Sharesheld 7o ofShareholding IN

I Mohanlled Yousuf 29,567.544.31-Mar-21

2. \4rs. Rr:biva Nahar j,,155.1.10 295.6'75.440

3. Vd. Salauddin Yousuf 3.217 .s20l;1,55 I ,.100

4 2.240/0 2,47s.200

5 Conrpanygon j Agro Industr.ies Ltrl12 .495 2 t5% 3 1,214.950

63,509,3 00 2.12v. I 5,09i.000uuer )ntrenotders

r 01,140, I 45 70.,16%Total l.ls,2:ll, I ,l,l

1,0t1..10 I .4-50100.00(2, 1,452,431,410

59?,t7.1, I 95

1,667,5J4,094 1,40tJ.342.4{t2

587 591

tn

ll-l\Iar-21 | f0-;ur-2012.00 Long-Tcrm Loan0;rening BalanceAdd: Addition During the year Interest.Add: Addition During the year principalLess: Adjustntent/paid during the yearClosing BalanceLess: Crtrrenl portior of Loltg tcrm LoanNon Current portion of Long Ternr LoanRrief detoils 0f l_|ng term LoTtt:l llunh.\,nnrc:

l (nurc:Lintit:SecuriU:Interest RLte:S{tnctio,t Dote:

2 Bonk Nome:Terrure:

Linit:Sec ttit.y':lilterest Rilte:Sonttion Dde:

13.00 LeaseLiabilities

Opening BalanceAdd: Addition During the yearLess: AdjusfDtent during the year

Lcss: Cureut portion ofLease LiablitiesNon Current portion of Lease Liablities

l)ctails arc as lirllorvs:l.'intnce pruvider

Linritlil\t0lltnent SiieSilndi|n DoteSecurit),Ltlercst RotePurposeperiod

1.1.00 Deferred TaxC)pening llalance as on 01.07.2020Add. Prror \eat adi.sIne,l lbr Defi:rrc. l.ar on Rcvaluatio, Reser,eAdiusted C)pening Balance as on 10.06.2017Expenses/(lnconte) Durilg the year Nole 1.1.02Adjustltent ofRevaluation Reserye Note l;1.01Det'erred l'ax Lia bility/(Assets)

14.01 Ad.iustment of Deferred Tax on ReyaluationDelerred Tax Liability on Revaluatio:t Surplus (Closirrg) Note 14.01.aDeferred Tax Liabilitl on Revaluation Surplus lOpeniri!)Defered Tax Expenses/(lncome)

15.ul.a Adiustntcnt of l)cferred Tax on Rcyaluation Resen.e

Reralrration Reseryc ou l-and & Land DevclopnlenlRevaluatiol Reserve ol l)lant & Machirerics

l0 Sept. 20I9Revaiuation Resene on Land & Land DevelopllertRevaluation Reserye on plant & Machineries

3l Dec.20l9

Revaluation ReseNe olt I_and & l_and DeyelopntcnlRcvaluatlon Reserue on plant & Machinerres

30 Sep. 2020

Revalualrot) Reserye otr Land & Land l)eveloptnentRevaluation Reserue ou plant & Machineries

___i!@\, illlr(a)l Barrk I rilrrtcrl..trrh,lcc R.,arl Bt,lncll. (.trl- I 0 (vcar)

87 35 CroreLand 892.59 Decirral & Facrory Building9olo per year

20-Oct-201 t, 5-Apr-20 I 2 & 29 _Dec-20 t4Socral Islami Bank Limited, Agrabad Branch, Ctg.1 0 (1,ear)

1 80.00 CroreLand 892.59 Dccimal & Faoory BuildingI 39'o per vearr2.0i.20 r9

lnterlalional [-easing and I.inancial Sen,iccs Lintited-1.500.000.i-95-6.1-1,_ pcr rn0Dtll2.1-JrLl- I 6

Personal Guaralty ofall direcrors & 47 post dated MICR1.19lo p.a.

Lease Finance Against Transfonrer Oil Filtration plant,18 Month

. 284,206,121 J17,158,540

30,

31.1.744 | lt.o0l.8tt

(68J.08.1 ) (1,01 , t)17 t

337, I 58,540 J08.t95,551)

7,t58,5,10 108.39s=( 52,269,034',

(683 084'29.774,967( r,0 t r.e77

Amou nts

3l Dec. 2020

Re\aluation Rescn,c ol l_and & Land DevelopnteDtRevaluation Reserye orr plant & Maohineries3l i\tar.2021

Revaluation Reserve on Land & I_and DevelopntentRevaluatioil Rcserye orr plant & Macltincries

11.02 Deferretl Tax Expenses/(Incomc) Excluding RevaluatiotrDet'erred Tax Liability Excluding Revaluation Surplus (Closiug)Delerred Tax Liabilii- Excluding Revaluatron Surptu, iOp.ringlDcferred Tax Expenses/(lncome)

15.02.a l)cferretl Tax Expenscs/(lncome) flalculation

I)roperlv- I)lall & Fqrripnrent Lxcltrdinu [.arril

Propeiry, I,lanr & Equipnrent Excluding Land (SEpT_20191

Propel1),, plant & Equipnre[t Excluding t,and (Dec-2019)

Properr).. plant & Equipnrent Excludins i,anrl (SEpT_2020.;

Property, plant & Equipmenr Excluding Larrd (Dec-2020)

Properry. planr & Equiprnent Excluding La|d (Mar202 I )

l5.t)0 Short-term LoanSoutheast Bank -Tinte i_oanSourh.asl Bank- I_TRSoUlheast Ilank Ltd_ (JvcrciraflSocral Isl.trn. flarrk Lirtrited-l RSocial Islarlr Llank l_inritcri_Or crdrafi

Southeast Batrk Lintited0-l Year40 25 CroreLand 892.59 Decintal & Facron, 13uildingI 09i,- I 2% per vearI l-|eb- I 7

A mou nts in3l-Mar-21 | rO-.lun_ZO

562,425,859

1r ?,538,86? s s

7,62 8 3144,718

2.07,1.12J

I l.l,1b.83e.ll4 I

Briefdetails ofShort term Loan:Borrk Ntme:I'enure:Liiltit:Suuritr:lnlerest Rale:Reilew(l dilte:

15.01 Liabiliries for rr\/orkers profit participation FuntlOpening Baiarrce

Add; Addition during thc yearLess: Adjustnrenl lrade during the vearClossing Balance

16.00 AccountspayablesAlanl HardwareAl-Baraka EnterpriseAslech LinlitedBliai Bhar N4atcls WorksIlarrani DrLrnt SLrppliersDaIa Entrucers lltlcntalional I_tdI.arorite l-raders

Haks Ind t_rd.

.lanrura Drum SuppliersJanani ComputerM.B EnterpriseMava ALLtonrobile_ULONizanr Uddin Oil SuppliersPioneer Scientifi c StoresRashcd EnlerpriseRubcl STeel N4ills Lid.

i'/ .-i55l.()9?.-r64

l7().5.17

| .-jil.? l.j1J6. ! 55

121,7':l-l

I ?9,143

1,580,337

167,452I 2,900

1,052,961'795,961

4-l1,828

l.l-1.606

,070880.188

5 q,5 _1 8,.1 t -3

24 460. 718

7,324,8 I 81106 )?7

7.324.8 I 8

I 5,037,20lJr 7.324,8 I 8

I 5.037 208',3,396,277 | r 7,32,1-818

Ilupsha 'l rading

Rupayar Housing Estate Ltd.

Yousul'PrintersIPO Refund Payable

TotalAll ( rcclitrt't v,ere ltctid ctn rcgilur Bu.si.s

17.00 Liahilities for Currcnt TarOpening Balance

Add: Provision 1or the year

i-ess: AIT Adjust:reut/paid duirlg the year

18.00 Lirbilities for Expenses

Wagcs, Salarv & Allorvances

Directors' Rcmuneratiott

Audit and professional Fees

Liabilities fbr Other Expeuses

Recogrized Provident Ftrnd

Withholding Tax Liabilities (TDS)

t81,824,21s 126,267,1_1s

183,824.215 126,267,445

Amounts in Taka

31-Mar-21 30-Jun-2024,1'10

986,t9t15.316.'791

)2.41{J19,0 I0,000

59t,188

80,Js8,687 28,466

126,267,445s1 .556.770

65.

60.,82,1

,44),05 I

r.Oto I Ilr8.s.l0"o0 000 | t..166.7-r\

I 5u.000 I lul).r)()02.015.400 | :.:rs.rr+

351,158 I l.5l4.r6l187,8tt | 1,517,-17

7.016..100 ll,29s,626

01 Jul. 2020 To31i[{a\ 2O2t

0l Jul. 2019 To31 Mflr 2020

01 Jan. 2021 To3l Mar.202l

01 Jan. 2020 To3l Mar. 202019,00 Revenues

l\Iono GradeN,tulti Gradelndustrial CradeMarine Grade

Others'Iotal

20.00 Cost of Goods Soldllarv lt,laterials Consurred, nole 20 0lPackrnq N.Iaterials Consunred- note 20 0lTotal (lonsunrptiorFluory Ovcrhead t-ote_20 0lCost of Goods ManuracturedOpening I.inished Goods(irst of Goods Available for SaleClosing Finrshed CoodsCost ofGoods Sold

20.01 Rarv \{aterials ConsunredOpening lnventoryPurchase during the periodRxw Il{terinls ar aikhle for ustCloslng Inventory

20.02 Packing Mnterials ConsunredOpening InventoO.Purchase during the periodPrcking Mflteri{ls available for useC losins lnventory

20.03 FactoryOvcrheadsSalary, waves and allorvancesI-csltval BonusDcprcctation-noteIl(ian rage rn$ardDrrectors r emuneralion and benefi tsF_lecnrcitv & pou,erEt)ienatnntentFaclon ceneral expenscs(iis & pouerlnsurance prenriunrLaboratory expensesMedical expensesRepairs and maintenanceTravelling and convevance

21.00 Ceneral and Adminislrative ExpensesSalary and allowancesFestrval BonusI)eprecration note 3 IArrdrt Iees

BoarrJ Meelrng Fees

Canteen expensesDlectors remunerabon and benefitsGas & Water expensesEntertatnment

l,eeal & proflssional feesMtscellaneous expensesi\{otor Vehicle UpkeepNeuspapers & periodicalsOtlice (ieneral ExpensesPre IPO Ixpenses (lloed Shou,lOfllce reill. tales & re0eual l.ees

Otircc slpplLes & stattonerlPostaqe & couricrReparrs and DlalnteianceTelephone & f'ax

Recognized Provident Fund'[ ravelling and oonveyanceCleaning expenses

22.00 Selling ind Distribution ErDeilsesSalan and AllowancesDeptccratton - note :l. l.{dr'enisenrenl

. ('amaqe Oulward\l3rketlns ExpenseI{ent. Rates & fa\eslleparrs & MaintenanceSaies comntrssron & promotronal expensesBogra Warehouse ExpAssociated Sales Centre Expenses

l3 ,1 I t,2 t,7,1e.055

257,09 I

914,828

565, -l.l _\

r65.t536-t-1, t 60

2,657,769t 01.05-l

215.288

72t,11 6,928

26,00(,.557

2 14,875

l68.l r9536.93:

7.038

930.452

2 I 4.626

I 06,,198

9,007.319?9,875

I 0 I .9.18

I 85.700

156.890

:10.798

7.666.108

I 27.0e I

.r:7.710Irr t.988l 1.803

:49,7 i l

16.8i7

47,178,52A291.179.2e1

,1,061.100

I 9, I 7.1,691

101,,1-l t.9621,s58.55 I

l.l,:16 l.l I 681,622,1 I l

t,ll2.2s I

729,605.25'7 208,899,,120 252,889,1 22

r8r,l 23,53 1

I 1,190.485

2.16S.545

l:t.l6l.9.ril:5.:1:9

1.76:.0006 I 6.618

1:1.1 l877.05,1

..1..190,.15 I

1.592,5.1.1

235,002

26,685

7 t3,291

t.l 18.t55I 0 l.:1q5.589

.11 7. r6 l

t.777.000a,oi.rRI l 7.i60I0 I.7t+

9.1.16.4 I 8

1,561.117

67 1.9E,1

42,58 r

2,644,559

1.184.772.11.01.1.20.1

.17.5 i 8

t.154.000

I t.88016,580

1..179.7:i1.6:1.1.2(,3

t:5.870I 6,987

I I 8,655

r5.776.572

t -11.58(,

j,l(rq.000

I I 1.566

I1.97.1

105.1,1(r

l.li{r,l9lI.{1i,,(r36

2:10.919

20.651

896,5i5

I, I 12.832

26,006,557215,0002.14,000

[1, ] 86

.].078.000I 7.550

I -r5,987

.11,078

204.1226.92:

183 :55

.10.1a)5

I I 1.531

7i b(r,58r,a85

]

28 1,i271,173,,t98

t 95,1 70

587.587q,007.129

75.000

6:.0009,1:.000

7,850

47.858

I 8.700

75,800j,0.10

70,580

51i.700

28.70t)

I 38,7(,9s8,667

.lo-l 7li/78.500

I

I .691.007

7.(r66..108

62.500

t.1,000

I l5.qt l

r.551.000i 2.20(,

I U5,?92

140,6t I

I 00.:1825 1,87

5.731I I 7.ti

t7i.]]5I le.0q)q-1.17-1

I i.r.7 I l

I I.719,055I S7.500

110,000l5{. t 67

.1.(r0.r.000

11. I l0511,651

1.10,6 I I

691 .65.17t2.1,1,1

I 6.:10(r

6 t.1.,s I 5

Ig..t. t-1,1

.17t.371

702.906

7_18,8 t 0

I,486, I 70647 -'',|47

I I 9,586

387,0i8,882

0l Jul. 2020 1 oJl lvilr.202l

0l Jul. 201 9 To3l l\lar 2020

0l Jan.202l To3l il,|ar.2021

0l Jan. 2020't o3l i,lnr.202{)23.00 Other Operating Inconre

lnconre lj ont t_ab Testrnq

2,1.00 Financirl !}penseslnterest on Long Tenn Loanlnterest on Shon.fenn LoanInterest on Lease IrinanccInterest on Bank Over Dralrlnterest on LTRBank Charges & Corrmission

25.00 FinancirlInconreInterest on r-DRlnteresr on SND

26.00 lnconrc front Others\\,astage Sales

lnteresi on Reiated paI1\,Cunent Account

27.00 Income 1'ar Expenses27.01 Current Tax for 201 9

Calculation of Current .fax as per g2 C(Minimum Tax)

Revenue 6191169 1ls 1,eat @ 6y.

Inconrc Tix protision on Other Incorne for 2019Otl,rr lnrorrte niluJ.rrl fIt.rrr.ial lncome ,r rl 5oo

A) Currenl Tar as pcr 82 C(trlininrum 1.nx)

tt) Advance Inconrc.I.xx paid During the year

C) Calculatio) of Current .l.ax :ls per Corporate Rate

Prolit betbre Tax riuring the year.\dd .{ocounllng DepreciationAdd WPPFLess Capital AllowanceLess WPpF (previous)Less Itnabsorbed deprcratron

Ellectrvc RateCurrent'l-ax as per Corporate Rnte

our of the ahove carcuration, the higher o,e (c) is nppricsbre for (itrrrenr Tar for theyerr.27.02 Deferrcd'Iax ExDetrses/lncome (Attributable to profit or Loss)I)eiirred'l'ax during Ihe year

L_ess: Opening BalanceDelerred Tax Expenses(/lncome) (Attributable to profit or I_oss)

27.02.1 Dt'ferreri Tax Expenses/lnconre (other Comprehensive lncome or Equity)Dolerred Tax during the vearl-ess: Opentrrg BalarceDelerred Tax Expenses/(lncomc) (other CompreheDsive lnconre or Equitl.)

28.00 Earnings per Shares

^-et Profit Alter Tax lor the peflod

Nuntber ofwei,rhted a'erage shares outsta,dtig at the end ofthe perroclBasic Earnings per ShareB) E:rrning per Shnr(s (Dittrted)'l otal ('omprehensive lncome l-or the year\..rr.r,er .,t.,.J.ilr,r, .rr:.,r. .,.t t.,nJt.r

"t .-, elci,ithc tc, r

Basic Larilirrs p(r Shxrc tDil,rted)

tt6.135,105 tr8,d

I .i']1. sr' I r,,.:0, I ro.q:, ror I r:u,- ,.1U.tt8.3:x t.0q5.

jr.50s I l:4,s7.11.861.717 | 5,oll.7lb

.lt.q12 I ---flJra-t.o5q,o4t I l.:ltt7{

s.r8?.?36 4S.??r.

267.925.510113,377.A11

t.1,196.177(221.471.171

237.57),3621 4.1,991,698

r t.878.618( I 95.s9 t. I 9.1)

( I 5,0r7.103)( I 00 000 0o0r

9.1.716.6(,1

60,018.3624.736,8.13

(80.58 1.992)

79,101.095

5 l, t 09, tri81.e55. I 55

{61.7 1.1.6s8)( I 5.017.108)

lf:g s3,rm

57,556,770 29,t95,691 19,735,092 8,545,506

262,631,795I 0.1.i86.29 I

I 88,800,,187

1 00.000 000l(,8.58J.t7,,1 85J11rir| | S.5ol,.rr5q I t00,t,r, o,,n

J5.90 lr rn

-''.

A) Ncl Assels I'nlue pcr Shnre (NAV) rvith Revaluation'l-he Corrposrtron ol Net Assers Value pcr share is given belowNcl Assels Value durins the \ear-l

olal aJutstandrns

Net.tssets V:rlue per Sharr (NA\,) lrith Ilevaltratioo

-.B) Net Assets \/alue per Share (NA\/) rvithott Revatuation'l he Contposition ofNet Assets Value per share is given bclow.

Net Assets Value durrng the year lvithout Revaluation'l'otal Outsranding ShareNet Assets Vahe per Share (NAV) lvithotrt RevxlurtioD

74,t86,516lll,6ll57,509

.11,87,+.8 1 3

50,918

133.1 11

74.866.8401.256,255

202,050,12,165,1.1:l

5.751,5.14

I 155 RRq

',392.,401

9,8009,613,567

t7 20,18 1,9 I II,636, I 6l

85,975I 6,290,896

1,48 t, I 08

tJ.trs,sso lr@

3l ivltrr.2l 30-.Iun-205.2 I t,702,9.18

145.2,1.1. 111

1..150.18:,060I 00 000 norl

3l-l\Iar-21 30-Iun-204,626,0.11,094

r,15,211. I 442,858.812,102

I 00 000 000Jl.8S ffi

-+:

'l'he Contposilon ofNet Operarrng Cdsh Flows per share rs qnen beiou,\el OpetJrrnS Acl\,lrcr Cash I lo*sNunrber ot'Neighted avcragc sharcs ortstanding at thc end oFthe yearNet Operating C*sh Flow this year (NOCPS)

31.00 CoDtingeDt Liabilities and CoDmitmenrs

0l Ju1.2020'Io3l .\lar.202t

3I-1\lar-2I- 58ir5l,Ll'

I 04 58r. ?q I

0l Jul.2019'toJl Milr 2020

0l .rnn.202l l-o3l Mor. 202 |

0l ,Jan. 202{) Io3l l\1rr.2020

_____lt2_

A Contin-qent l_iabiliN of'fk 9,38 I,752r,- is made as per IAS 37 para 86 Follc

l;if:.::T*.*'"a,s20r-20r4&20r5_20r6bearingr.rRA";;,,;;;;.::,li:'!;,T!,;$:,J:iT:1,;* 6 J 0 20 I 7 which are pendrng in the-201 5 dated I

,\ccounting Year ,\ssessnltilt Yenr Sta tus Proyision l\'lade

l\lrde br D(i'I trladc br D('Tll Dec-tl l0t.t-1011 .\sscssntent (iorrplered brDC1- bur pendrng in rhc I Irgh

Coun

l -6r1.1.567 t..l 5.1.-l t9 l._l5t. r:r9.l I Dec,l l l0t4-2015

r .59 t,-r I 5 I 0,103.t951 0.,r01.:95

3,275,882 I 2,657,6J.1 12,657-634

r\tteildance Status oI Borrd i\Icetiilg of Directorsllrc p(ilod endeJ I l. Decrrnl,er. l0li, rlterc uere o Board u'ere held 'lhe attendance status ofall the is as lbllows

AsperConrpanyAcl'l99.1|)arl-Il'schedule.Xl(.l)Theprofi.unu,o..,.,....",.,,,.'

(r,r06,7

\,lanagerial R",nun"romffiJil[JG th" pe,i.rd to rl,e direooi]nlirdi[

lnlnltsstonrecetvedorrecervablcb,''l,"n,o@yrnq aqent ofother cr)ncerns in respect ofcontrafis entered rnto bv such concerns wrrh

The rroney value ofth".nofserriccs- entered rnro b1,rhc company u,ith the managrng [en,u, trir"r.o",ur" aunrg,l

"iinancral period.

oth., perqut,te u. b.niFI-

\,lanle ofparty'l ypes of

RelationshipNature of

TransactionsOpenirgBalance 3l -Mar-21 Adjustment Closing Balanc,

(3r.03.202t )

- onpanyqoni Agrorilirstnes Limiled

CommonDirefiorship &ihareholder olthe

lontnron)irectorship

Overhead

Exp &\\'orkrng

Caprtal

I r,925.000 4.344,916 I 9..100.000 I 6.869.976

)ulda Shrpl,ard

.,imrled Managenlenl

vlohamnted Yousuf(-'r,636,000 1,636,000 ( l, I 0(r,7 18

ra Nahar

".1d Salauddin

Iousuf Director (260,000() 111 00A 2372,A00 (260,000

lsrat Jrhan DirectorDrrector lees & Board

( i u0.000

Irrclependenl

Dir ector

nleellnc(.r2.000

r|ahrd t.rddin

lhorvdh urv l]:.000

r4onrruzzaman Chv( 8. ()00

I "lrl

-

30.158.:r,: I

" ,l(2,-3r),02{)l I.UUU I S,{0J,238

(a) Short-term employee bcnefltsl(b) Post-employment benefi ts;(c) Other lon-s tcrm benellts:(d) lernrinilion benefits: and(c) share- based pavntent

.\s per IAS- 2.1 para_18:

ol I.{S -l-1. para I t nrinrmunr disclosure sltall iilclude

Atrreeated,rnr

Board !leering Atendance Fees\\ rscs & .{llox,anceS.riarr &.\llor"anec

01 Jul. 2020 To31Mat202t

0l Jul. 2019 To3l Mar 2020

0l ..1rn.2021 'I'o

3l Mar.202l0l Jan.2020'l-o3l Mar.2020

6,840,000

r flrrrr tcr nrs & "on,llhe cunstderdttoom he l,rovrd(d tn seillemenl

I 6 810 001) I

I :+r,r,,o IIII r).rl()J l(,1 l

I I t r,,, ,,.,, I

21. I 93.0-!7

J6.00 'l'he Requirement of Schedule XI part_ll, para_J (a) Turnovcr'l'umover in (13DT)Turnover in euantrty, (M.Ton)

3l:, T::::,::::l :, .:ho.:,: I, part_rr, para_3 (b) Ra w Mare ria I con.,rn.lRaw Material Consurned in (BDT)

RarvL\4aterial Consumed in euantity (M.Ton)

Ij.""*qX^.,.: :l -s"h"l r". xl p".t_u, pu.a-3 ( b) pa c ki n g M a re ri a I c o o. rkd

J I -N{ar-21 31

t.12r,.,),17 n8 | TixTl)im4,426 4,291

7 29,60 s,2 5't f -,7

2.--7 2r-rFfE.9.242 9,150

37.00

.{d.iustment:[)epreoiationF rn:u't. ral I r|g11...,( )thcr Incoltlc ( lntcrest llnterest olt l{elated partr., Current Account(lncrease)/Decrease in lnventon,t lnrreasc) Deerease in Ae;ounls Rec."irahleIncrease/(Deorease) in Trade payable & OthersIncrease/(Decrease) in Liabi J ities(lncrease)/Decrease in Advance & prepal,mentl.iabilitl' fbr Contribution to WppFPavnrent of' Inconre Tar

J8.00 Receipts from customers:Sales during the yearOpening Rec.

Closing Rec.

Other Operating IncomeOther Rec. OpenOther lteo. Closs

J9.00 Payments to supplicrsi,Lr rch asc

Open.Advances procurnrerrt

Closing Advances procurment

Open. Trade pal,able

Clossing 1'rade payable

40.00 Payments for EmpkryeeSalaryI)aid ro Wp[,FOpen. Advance SalaryClosing Advanoe Salarl.Open. Liabiliry for ExpensesClosing [,iability tbr Expenses

,11.00 Payments to Operating ExpensesOperating Erp.Open.Advances to othersClosing Advanccs to othersOpen. t_iabilirr {br F.xpenses( l()sU)g I r;rhrlitt lor IrpcnsesDepreciation - note j.3

37.6h4.I3s J -- 38114580

1.878.250 | r,878,700

I-1.r.547.59n I -I6.9I.i4us80r | 806

BSEC/ CMRRCD/

267,925,530 237,s72,362

585,tSt.r{, 4J,

t326,947,138 1,287,526.098119,42s,632 396,180,118

(345,090,513) (4t4,633.322)29,426.645 30,370.888t0,770.988 1t.49A379

{ 12.796.0-58) { It ?rt sir/,

-

r,{28,6riJ.llJ2 I299.7Jt/,57

-

7.19.117.6-s-5 771.203.74(t(,15.967,05t) (.14,819,,+29)35,688,740 50,124,500

Packing Material consumed in (BDT) -/ - -rrurr. 1'r4'sr I

Pae king Material Colrsunred in euarrritr 1pcs7The Requirement of Schedule Xt part_lt, para_3 (b) Finished GoodsFinished Goods in (t3D'1-)

F'inishcd Goods rn euantity. (M.l-on)

Reconc,iation of Net profit with cash Frow from operating Activities (Notification No.2006-158/ 2008/Admin/81, dared: 20 June 2018.

Net Prolit ro. tt "l*.@GiTil30024

27

4

5

l6l8

6.00

6 t 0l

9,156.419 9,284,927t5.041.890r rq n

7JJ,45J.87J ??6#i+

12.06tJ.9tI 29.900.l0lI7.324.8t8 t-s.037.20ti(3,095.954) (6,0313. I 79)2,458,725'/.209,440

7.2t5,4801,631,496

14,363.178t t4 497 \ear

-

51,602,762 46,248,512

Iti8.304.j l7 t7-l 88).2j5( l71.4.19 42.5) (21 t.10,i.709)

I 72.fJ-s3.97 I t99.0-.1.s.96.1

1.086. I 86 1.03-s.17-3

t.2.653.222) (4,t34,.+-5rj)(l73 377.1t14t ( 144 99'i 69x r

-

11 1<t noa

t Z'l ; z : u+,lT--l;I6;ImI 1r)../js.lr)i I ll8.|i,)Lr.7l.l

rsi,.si:,1 ;;;;;.j;;(3.862.727) (5.6 r 3.746)3.77 i.5+8 | tZe.oOx.zr

72.310.049 | rrS.rr,+:Zor{4.414.52e)l es4 g40)\4.279.226)l (i4 91e..s t0 99+ I -,.SaZ ;z;

(3 928 5-+l)l (j t58 -sSe41.7 i3.57-5 I 85,102

i tr-o oNaaa,QN

E 9aS>o

6-

O^NN

r.-9-

r-oN"

oN.1On

rrOa.a

N

a.I

o\

N.1NN€^

aNNO

5I

N9.

:

N+.

1=

N

N6oN

o)n

Nd)NN9.r

Nofl

r

aN

-

Iitl=t,;lr| -.:

ri

I6^N

i =-o O;(N

i o*i

j>- li}h

r

I oHI odI doI ..N

(6c0

u-!t P.:

ai;ra-69o. ^. ^.i

,.'- .JON

l

II

I

I

IEle*

l. N

NO

o bf,l

EI

l

-l t-ll-lo'l 'l-"1I

lOi$l nl19 -l hlhlol +llFr" il *1slal oll$-lN/ Ni6l li'il

L -l +

gNIo

fl5O

;ll)tv)o)/cl'i

I

I

tr

g,:

:qo

a

,lo;19rlL)viiFrl

l

-l6ol:-r

,1"\F

nlorl

l

lrC

G

d€

l(IC

Q

I'l;I t:I

L!

I'oC

'!6

l'

l,i,tdlrN6

o^?xr!-

o-'a.q ''-o€ e

9a; ^-l

N3a

o

\l-i

oN'lN...1aN

;-

iE'Jrv

l"

€d

C09r

rIN'1.I

C

oN:

rj;IN:l-;IN

II

l"i-"-lt6liq

1-l

--irirN"

^l

rrj,N

O'i..j

6loI ".i

I

r=N"oON:F'

o\

lslri* i i{i| -i " "illssc =-*,r:.1 d ;,,,2iocc-;,NCC .-;.,r+6-'c o ,i'^; :.aN:€N

riI

aE!-iloi.i-d.-

"t.ao\5--: --'

j -'6

:

ll[]'.1

t/

t:t1t:

lil

t;

I

COO?,do

sCC v-,O

N-

6-

,^oat5tn.)l

=

Itl

?EI;fi:trt:xF:l : .'

-r- = c l.,a .n j s;;tl;-::i?;*;-'"'"=a3.-;';: .d

i-^I

rai

d€.,'

iBe(.)

F*

llltl't'l'llllllll

i

---'ON6r. t^l ^{QLE 6rOON^iv^l€^l+osolNl iaNl

j

i

t C'A' .

!N)NiirI L.

No

I!lItl!11lill.---ti*-lOAlm6(v1]q r^1o\'

trtrrll/llr;BgEfr;S:HEEXF

lFrEirlslilill3lEl-r^

##+fri16"1 ,Rl i5l i r-i=l

l+l

t->EU

Fa

;

tltl'l'l'I

I

i

ai i;@.rh^

N6n"l lN^NO]O lNl

iitF O

.^) Co.--r

o" -"1 -l+l€ 6\

l

)6+n+.-^f96t alo--.Nlf ic.i dilt-llllt-+- t

=q4E

).rh.

l6.Nii o')l iN

NNr

f':=:tr;ifli3Re:"x"gssxl= slRl- =i- :i

I9xqN:-

it;- It.Y t}E IL* t=

IJ

=o-ari:6 'l: -v

i Edd;l i,

JU=d;!iE-=e!,

I

rl,Elr

;Sc>U

-€ aa.!

- e ^t -! ! c -! -

: Y.!- d),u

=+-2€a= 6 !- - ld2 6 46,4

".q5<.= >>,o:--OC

9o

Ehu

- o u.sad{/iE

au

=>a-,

^E=oL.=^z --z

@ d^

! ^N(,>-z\i<:; taLvLJIrn ZHq= r,o6aqa'f=<H;

v)

nlN.i3a

4

t?l{I

O, ,it

vl

^il

,r;l:':lz,::l!el.', lll? lli

f!-o

ir;g >24=r;2F.

)i-.!t9n

qZ

;.e.o=

=-ea2o{

, ;:t-iuo5;J

c-

u=oi'5=

E==-;=2Era. .:--:g

-il

. ,=/its:-,siai!

E

a

(,(,E.:1

;--2ot)

,=B

=3a,c

,s,=

E

.,=

CL

9i,ri0a2b-(€

ru

ili

lf

ls $

3e-=l=i;27'

lY sl= =lz *.

,: =

L527.

a;=E:o:c;e.roEola_o=

o=id-o)E

'a2. Iit1 '

l.):

i"Jl1, "t ..)c 1

1 ?,:

a7

L6ul

.o=,-q-ioc

aE6C

U<E

lE

r l,q

ilflz

il:il;,liilj.

l:,ItE

IE:

li;I9r rl-E oIDEL.9u=sirqo

qE

N

6lNi-iiolN Fh

liO

r€!o.

-lNli-i

'i

'a o'N_

or

ONN

O

oO

OF

2=J r_l

^E a

a 6o

H do<16o >iEzrE<:*di

=6rror<,-.1 !d,:

iq

a

rN

I

)

I

O.lr

o.a

iiol- -'

o"

t-

=aarr

5r'i

oo

cOqN

i

NINNl

E

J:

.2cc

og

cC

L

f

NI+

-^ON

OoINr

OC9;

l

:

uq.=.

I

I

I

"tol'i t.ol

ol'o

GO.

O.N

r

I ?

E E=6 aci'_ 6dE 9.s>-

t3r+

a,lal

r."l

ls nl-i@16i6l$"i-"19ia€'-lAlOl6loi+l-i*;ill

i

l

l

oorNr+lN^ia- iNl€)':lli

l

-f l+liI,1,1

l$ltlrjurBl;i:l$i$lg1'l'l*i3t^i"l$l=l i=iili-lllililcra:s I e.{-$ HEIrFtqig" 5rs HiFlRirr6roi8 - x l- si5l ql

t9litlliti#i-r-!i++!lll/itltliitiill/1

l@

iN

II

I

lTiNLo6f

l-lI

ii

I.1.ON'6.N

€Colo

L

!l

v.I

O^

..NEF

:i

OA

..N9r

J-

2 _i

/,Litti=

< ? ^ -.4=9--,^