Bima n Bangladesh Airlines Limited

Bim an Ban g l ad esh Ai r l in es Lim i t ed

Independent auditors' report along with audited consolidated and separate

f inancial statements for the year ended 3 0 June 2 0 1 6

ACNABIN

Chartered Accountants

Syful Sham sul Alam & Co.


SI.

T a b l e of Co n t e n t

Particulars Page

1 Independent auditors' report I

2 Statement of consolidated financial position 1

3 Statement of consolidated profit or loss and other comprehensive income 2

4 Statement of consolidated cash flow 3

5 statement of consolidated changes in equity 4

6 Statement of financial position 5

7 Statement of profit or loss and other comprehensive income 6

8 Statement of cash flow 7

9 Statement of changes in equity 8

10 Notes to the consolidated financial statements 9

11 Annexure: A - Statement of consolidated profit or loss and other comprehensive income 34

12 Annexure: B - Details of consolidated total assets 35

1 3 Annexure: C - Statement of profit or loss and other comprehensive income 36

14 Annexure: D - Details of total assets 37

15 Annexure: E - Elimination statement of debtors and creditors 38

16 Annexure: F - Details of consolidated equities & liabilities 39

17 Annexure: G - Details of equities & liabilities 40

18 Annexure: H - Summary schedule of property, plant and equipment 41

19 Annexure: I - Summary schedule of intangible assets 43

20 Annexure: J - Summary schedule of non-current assets held for sale 44

21 Annexure: K - Summary schedule of property, plant and equipment (BPC) 45

22 Annexure: L - Summary schedule of property, plant and equipment (BFCC) 46

23 Annexure: M - Summary schedule of property, plant and equipment (Sabre) 47

24 Annexure: N - Summary of related party transactions 48

25 Annexure: O - Summary schedule of deferred tax 49

26 Annexure: P - Disclosure under section 1 86 (6) of the Companies Act 1 994 50

ACNABIN




Independent Auditors' Report to the shareholders of

Biman Bangladesh Airlines Limited

Report on Financial Statements

We have audited the accompanying consolidated financial statements of Biman Bangladesh Airlines

Limited and its subsidiaries (the Group) as well as separate financial statements of Biman Bangladesh

Airlines Limited (the Company) which comprise the consolidated and separate statements of financial

position as at 30 June 2016 and consolidated and separate statements of profit or loss and other

comprehensive income, consolidated and separate statements of changes in equity and consolidated

and separate statements of cash flows for the year then ended and a summary of significant accounting

policies and other explanatory information disclosed in notes-1 to 35 of the financial statements.

Management's Responsibility for the Financial Statements

Management of the Company is responsible for the preparation and fair presentation of these financial

statements in accordance with Bangladesh Financial Reporting Standards, and for such internal control

as management determines is necessary to enable the preparation of financial statements that are free

from material misstatement, whether due to fraud or error.

Auditors' Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We

conducted our audit in accordance with Bangladesh Standards on Auditing (BSA). Those standards

require that we comply with ethical requirements and plan and perform the audit to obtain reasonable

assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in

the financial statements. The procedures selected depend on the auditors' judgment, including the

assessment of the risks of material misstatement of the financial statements, whether due to fraud or

error. In making those risk assessments, the auditor considers internal control relevant to the entity's

preparation and fair presentation of the financial statements in order to design audit procedures that

are appropriate in the circumstances, but not for the purpose of expressing an opinion on the

effectiveness of the Company's internal control. An audit also includes evaluating the appropriateness

of accounting policies used and the reasonableness of accounting estimates made by management, as

well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for

our qualified audit opinion.

Basis for Qualified Opinion

1. As disclosed in note # 24 to the financial statements, current tax liability of the Company

amounts to Tk. 416,689,874, whereas net tax demand by NBR for the income years 2008-09,

2009-1 0, 201 0-11, 2011 -1 2, 201 2-1 3 amounts to Tk. 2,563,360,080 as per certificate issued

ACNABIN




by NBR on 11 -1 0-201 5. Appeal against this demand has not yet been made. Therefore, current

tax liability is substantially understated.

Qualified Opinion

In our opinion, except for the effects of the matters described in the Basis for Qualified Opinion

paragraph, the financial statements present fairly, in all material respects, the financial positions of the

Company and the Group as at 30 June 2016, and of its and Group's financial performances and cash

flows for the year then ended, and these financial statements have been drawn up in accordance with

the requirements of the Bangladesh Financial Reporting Standards as disclosed in note # 2.01.

Matter of Emphasis

Without further qualifying our opinion, we draw attention to the following matters:

1. As required by Bangladesh Accounting Standard (BAS)-27 and Bangladesh Financial Reporting

Standard (BFRS)-IO, the Group has prepared consolidated financial statements, but such

consolidation has not been done on the basis of the audited financial statements of Sabre Travel

Network (Bangladesh) Limited, a subsidiary of the Company. The audited financial statements

have been initialed by their auditor Hoda Vasi Chowdhury & Co., Chartered Accountants and

signed and sealed by the CEO of the subsidiary, but has not yet been approved by its Board of

Directors.

2. As disclosed in note # 6 to the financial statements, Tk. 5,072,851,401 has been reported as

landing rights (stated as routes in the prior year's financial statements) as on 30 June 2016.

This value was assessed considering the profitability of the 41 routes at the time of taking over

of the assets and liabilities of Bangladesh Biman Corporation by the Company on 23 July 2007

and has been carried forward since then. The Company has internally carried out an impairment

test for the current year-end date which shows no indication of impairment of this intangible

asset and the estimated recoverable amount to be much more than the carrying amount.

3. As disclosed in note # 8.1 to the financial statements, the Company has maintained provisions

for obsolete store amounting to Tk. 2,636,81 8,1 73 and for inventories in transit amounting to

Tk. 92,446,774. These provisions relate to DC-10-30 and F-28 aircrafts which had been phased

out in 201 4 and 201 2 respectively. Such inventories have hardly any realizable value, nor there

are any such inventories in transit. But as per para 34 of BAS-2, the amount of any write- down

of inventories to net realizable value and all losses of inventories need to be recognized as

expense in the period the write-down or loss occurs. So, maintaining provisions instead of

recognizing the above as expenses is a non-compliance of BAS-2.

4. As disclosed in note # 17 (i), the Company has loan liability to the Government of People's

Republic of Bangladesh amounting to Tk. 1,912,543,075 for three DC- 10-30 aircrafts. Loan

agreement between the Company and Government has not been produced. In addition, the

'^S2 ?*i^^ompany has not been accruing any interest on this loan since long. >

II

ACNABIN


Syful Shannsul Alam & Co.


5. As disclosed in note # 18.1 to the financial statements, gratuity includes inter alia provision for

gratuity amounting to Tk. 67,1 37,901 related to Biman Flight Catering Center (BFCC), whereas

required provision for the year was Tk. 132,4 0 7 ,583. Therefore gratuity provision of Tk.

65,269,682 has not been accounted for.

6. The Company has shown payable to Civil Aviation Authority Bangladesh (CAAB) amounting to

Tk. 7,255,264,753 in note # 20.1 (Iv) to the financial statements, whereas claim of CAAB in this

regard amounts to Tk. 19,526,413,000. The Company disagreed with a portion of claim

amounting to Tk. 12,271,148,246 which has been discussed in note # 35 on contingent

liabilities.

7. As disclosed in note # 23 to the financial statements, the Company has kept workers' profit

participation & welfare fund amounting to Tk. 114,849,383 in 2014-1 5 which has been shown

as a liability of the Company with a corresponding asset. No trust has yet been formed by the

Company. There have been non - compliances with the Bangladesh Labour Act (amendment)

2013.

8. In note # 26.1 to the financial statements, the Company has recognized inter alia income

amounting to Tk. 101,654,616.03 which was previously recognized as liability to the

government authorities of Libya, Italy (Rome), Germany, France (Paris), Netherlands

(Amsterdam), Belgium (Brussels), Turkey (Istanbul), Greece, Malaysia (Kuala Lumpur), Argentina

and Australia. Management has assumed that the respective authorities will not make further

claims as no claim has been placed since the Company came into existence in 2007.

9. As disclosed in note # 31 to the financial statements, the dividend earnings from Sabre Travel

Network (Bangladesh) Ltd. has been recognized on receipt of dividend instead of when the

shareholder's right to receive payments is established. As per BAS 18 para 30, dividend needs

to be recognized when the shareholder's right to receive payment is established and as per BAS

18 para 29(b), the amount of dividend needs to be recognized when the amount of dividend can

be measured reliably.

Other Matter

The financial statements of the Company for the year ended 30 June 201 5 were audited jointly by Syful

Shamsul Alam & Co., Chartered Accountants and Ahmad & Akhtar, Chartered Accountants who

expressed a qualified opinion on 10 December 201 5.

ACNABIN Syful Sham sul Alam & Co.

Chartered Accountants Chartered Accountants

Report on Other Legal and Regulatory Requirements

We also report that;

1. We have obtained all the material information (except for paragraph no. 4 under Matter of

Emphasis) and explanations which to the best of our knowledge and belief were necessary for

the purposes of our audit and made due verification thereof;

2. In our opinion, proper books of account as required by law have been kept by the Company so

far as it appeared from our examination of those books;

3. The Company's statement of financial position and statement of profit or loss and other

comprehensive income dealt with by the report are in agreement with the books of account.

Dated, Dhaka

29 November 2016

iv

y ACNABIN


Syful Shamsul Alam & Co.



Statement of Consolidated Financial Position

Current Liabilities and Provisions

Accounts Payables & Accruals

Unearned Transportation Revenue

Short Term & Current Portion of Long Term Loans & Finance

Leases

Workers Profit Participation & welfare Fund Provision for Taxation

Total Equities and Liabilities

20(a) 21

22

23(a) 24(a)

29,193,696,885 4,068,881,677

10,228,807,019

149,234,566 829,845,304

4 4 .4 7 0 .4 6 5 ,4 5 1

26,070,421,174 3,021,747,672

9,355,642,956

120,838,348 498,442,01 1

3 9 .0 6 7 .0 9 2 .1 6 1

As at 30 June 2 0 1 6

Particulars Notes Amount in Taka

Particulars Notes 3 0 .0 6 .2 0 1 6 3 0 .0 6 .2 0 1 5 0 1 .0 7 .2 0 1 4

ASSETS

(Restated)

Non- Current Assets Property, Plant and Equipment Capital Work in Progress Intangible Assets

3(a) 4

6(a)

73,253,657,545 15,975,493

5,144,794,047

66,047,656,741 247,710,279

5,628,444,948

53,614,660,736 65,853,659

5,601,840,259

Deferred Expenditure 3(a) - -

1,490,871,929 Deferred Expenditure 7 8 .4 1 4 .4 2 7 .0 8 5 71 .923 ,81 1.968 7 0 .7 7 3 .2 2 6 .5 8 3

Non- Current Assets Held for Sale 7 4 ,8 0 0 .0 0 4 1 2 9 .8 3 9 .7 8 6 1 5 4 ,2 0 7 ,0 7 2

Current Assets

Stores and Spares 8 2,604,255,295 4,245,121,421 3,928,136,963

Sundry Debtors 9(a) 3,812,085,340 3,552,284,253 3,904,952,582 Advances, Deposits and Prepayments Advance Income Tax

10(a) 11(a)

11,11 7,149,062 607,608,385

7,395,208,059 530,418,223

9,860,781,424 138,627,950

Accrued Interest on FDR 12(a) 47,447,054 46,753,147 48,581,391 Cash and Cash Equivalents 13(a) 4,770,412,263 3,907,1 59,129 3,1 51,444,950 Cash and Cash Equivalents 13(a)

2 2 ,9 5 8 .9 5 7 .3 9 9 1 9 ,6 7 6 .9 4 4 .2 3 2 2 1 ,0 3 2 ,5 2 5 ,2 6 0

Total Assets 1 0 1 .3 7 8 .1 8 4 .4 8 8 9 1 .7 3 0 .5 9 5 .9 8 6 9 1 .9 5 9 .9 5 8 .9 1 5

EQUITIES & LIABILITIES

Equity Share Capital 14.2 20,824,096,400 20,824,096,400 20,824,096,400

Equity of Government 15 101 101 101 Retained Earnings 16 (8,085,291,181) (10,801,895,130) (14,008,797,436) Retained Earnings

1 2 ,7 3 8 ,8 0 5 ,3 2 0 1 0 ,0 2 2 ,2 0 1 ,3 7 1 6 ,8 1 5 ,2 9 9 ,0 6 5

Non Controlling Interest 25 1 10,463,491 99,361,952 93,1 1 3,793 Non Controlling Interest 1 2 ,8 4 9 .2 6 8 ,8 1 1 1 0 .1 2 1 .5 6 3 .3 2 3 6 ,9 0 8 .4 1 2 .8 5 8

Non Current Liabilities

Long Term Loans & Finance Leases 17 42,031,330,761 39,609,469,967 44,783,210,995

Deferred Liabilities 18(a) 4,089,862,235 3,586,859,546 3,540,656,202 Deferred Tax Liabilities/(Assets) 19(a) (2,062,742,770) (654,389,01 1) 436,741,036

4 4 ,0 5 8 ,4 5 0 ,2 2 6 4 2 ,5 4 1 ,9 4 0 .5 0 2 4 8 ,7 6 0 ,6 0 8 ,2 3 3

23,354,837,374 2,715,816,089

10,212,501,839

7.782,522

3 6 ,2 9 0 .9 3 7 .8 2 4

1 0 1 .3 7 8 .1 8 4 .4 8 8 9 1 .7 3 0 .5 9 5 .9 8 6 9 1 .9 5 9 .9 5 8 .9 1 5

The annexed notes 1 to 35 form an integral part of these financial statements.

Signed on behalf of th. j Board of Directors as per decision in its 1 80

KazI Atlque Rahman, FCS

Company Secretary

VIneetSood

Chief Financial Officer

ng held on 29 November 2016 by

A M Mosaiktique Afimed

Managing Director & CEO

NKA Mobin, FCA, FC

Director

Signed in terms of our separate report of even date.

Dated, Dhaka

29 November 2016

ACNABIN Syful Shamsul Alam & Co.

"hartered Accountants Chartered Accountants


Statement of Consolidated Profit or Loss and Other Comprehensive Income

For the year ended 30 June 2 0 1 6

Particulars Notes Amount In Taka

Particulars Notes 2 0 1 5 - 1 6 2 0 1 4 - 1 5

Operating Revenue 26(a) 46, 4 5 0 ,880,380 46,236,503,754

Operating Expenses 27(a) (41,139,419,137) (43,187,506,369)

Operating Profit/ (Loss) 5,31 1 ,461 ,243 3 ,0 4 8 ,9 9 7 ,3 8 5

Non-operating Revenue 28(a) 497,094,313 402,930,149

Non-operating Expenses 29(a) (3,199,874,827) (199,528,629)

Non- operating Profit/ (Loss) (2 ,7 0 2 ,7 8 0 ,5 1 4 ) 2 0 3 ,4 0 1 ,5 2 0

Profit/ (Loss) before Interest & tax 2 ,6 0 8 ,6 8 0 ,7 2 8 3 ,2 5 2 ,3 9 8 ,9 0 5

Interest Expense 30 (850,716,779) (782,182,273)-

Net Proflt/ (Loss) for the year before tax 1 ,7 5 7 ,9 6 3 ,9 5 0 2 ,4 7 0 ,2 1 6 ,6 3 2

Total Comprehensive lncome/ (Loss) before WPPF 1 ,7 5 7 ,9 6 3 ,9 5 0 2 ,4 7 0 ,2 1 6 ,6 3 2

Workers' Profit Participation & Welfare Fund 23 .2 75,01 5,928 136,430,602

Total Comprehensive lncome/ (Loss) before tax for the year 1 ,6 8 2 ,9 4 8 ,0 2 2 2 ,3 3 3 ,7 8 6 ,0 3 0

Current Tax lncome/(Expenses) 2 4 .2 (331,403,293) (180,895,612)

Deferred Tax lncome/(Expenses) 19.2 1,408,353,759 1,088,444,899

Total Tax lncome/ (Expenses) 1 ,0 7 6 ,9 5 0 ,4 6 6 9 0 7 ,5 4 9 ,2 8 7

Total Comprehensive lncome/ (Loss) after tax for the year 2 ,7 5 9 ,8 9 8 ,4 8 8 3 ,2 4 1 ,3 3 5 ,3 1 7


Signed on behalf of the Board of Directors as per decision in its 1 80th meeting held on 29 November 2016 by

Company Secretary Chief Financial Officer Managing Director & CEO Director

Signed in terms of our separate report of even date.

ACNABIN Svful Shamsul Alam & Co.

Chartered Accountants Chartered Accountants

Dated, Dhaka

29 November 2016

2

ACNABIN

hartered Accountants




Statement of Consolidated Cash Flows

For the year ended 30 June 2016

Amount in Taica

Particulars - 2015-16 2014-15

A. Cash flows from operating activities

Total comprehensive lncome/(loss) for the year (before tax)

Adjustment for non-cash items and consideration elsewhere

Depreciation charged Provision for deferred liabilities Amortization for C Check, Engine Overhauling, Software Loss due to non current assets held for sale Loss on sale/disposal of fixed assets

Changes in working capital

Decrease/(lncrease) in sundry debtors Decrease/dncrease) in advances, deposits and prepayments Decrease/dncrease) in stores and spares Decrease/dncrease) in accrued Interest on fixed deposit Decrease/dncrease) in work in progress lncrease/(Decrease) in accounts payable and accruals lncrease/(Decrease) in un-earned transportation revenue

Cash generated from operation Advance Income tax paid Payment for deferred expenses Payment against workers' profit participation & welfare fund Payment to the trustee board against deferred liabilities Net cash flow from operating activities

B. Cash flows from investing activities

Acquisition of fixed assets Payment for C Check, Engine Overhauling, Software Acquisition of Intangible Assets Sale of fixed assets held for sale Adjustment of fixed assets for induction cost refund by boeing Net cash used In investing activities

C. Cash flows from financing activities

lncrease/(Decrease) in long term loans and finance leases

lncrease/(Decrease) in short term loan and current portion of long term

loans and finance leases

Dividend paid for non Controlling Interest

Net cash used in financing activities

Net lncrease/(decrease) in cash and cash equivalent Cash and cash equivalents at the beginning of the year Cash and cash equivalent at the end of the year

1,682,948,022 2,333,786,030

3,306,941,750 3,048,845,515

784,864,543 239,373,31 1 1,022,447,699 1,909,580,903

125,039,782 750,000 483,593,222 1,142,082

7,405,835,018 7,533,477,841

(259,801,087) 352,668,329

(3;721,941,003) 2,465,573,365 1,640,866,126 (316,984,458)

(693,907) 1,828,244

231,734,786 (181,856,620) 3,123,275,71 1 2,71 5,583,800 1,047,134,005 305,931,583 2,060,574,632 5,342,744,243 9,466,409,650 12,876,222,084

(77,190,162) (82,026,396)

28,396,218 120,838,348

(281,861,854) (193,169,967)

9.135.753.852 12.721,864.069

(8,887,645,649) (3,1 58,256,797)

(2,631,464,552) (2,737,628,571) (16,222,373) (40,217,138)

- 24,367,286

- 7,055,241 (1 1.535.332.575) (5,904.679.979)

2,421,860,794 (5,173,741,028)

873,164,063 (856,858,883)

(32,193,000) (30,870,000)

3.262.831,857 (6,061,469,91 1)

863,253,134 755,714,179

3,907,1 59,1 29 3,1 51,444,950 4.770.412.263 3.907.159.129

The annexed notes 1 to 35 form an Integral part of these financial statements.


I L A \>

ICazI Atlque Rahman, FCS

Company Secretary

ViWeet Sood


A M Mosaddiflyfi- Ahmed

Managing Director & CEO

irobln.'FCA, FC5

Director

ACNABIN


Particulars

For the year 201 5-1 6

Balance as at 1 June 201 5

Government Equity

Restated balance

Net profit for the year

Dividends (cash) for 2014

Balance as at 30 June 2016

For the year 2014-1 5

Syful shamsul Alam & Co.



Statement of Consolidated Changes In Equity

for the year ended 30 June 2016

Paid- up

Capital Retained Earnings Parent's Equity

Non -

Controlling

Interest

Total

20,824,096,400 (10,801,895,130) 10,022,201,270 99,361,952 10,121.563,222

101 - 101 - 101

20,824,096,501 (10,801,895,130) 10,022,201,371 99,361,952 10,121,503,323

2,716,603,949 2,716,603,949 43,294,539 2,759,898,488

(32,193,000) (32,193,000)

20,824,096,501 (8,085,291,181) 12,738,805,320 1 10,463,491 12,849,268,81 1

Balance as at 1 June 2014

Deferred Tax Exp Adj for Consolidation wi th STNBL

Government Equity

Restated balance

Non-controlling capital

Net profit for the year

Dividends (cash) for 201 4

Balance as at 30 June 201 5

20,824,096,400 (14,008,797,436) 6,81 5,298,964

2,685,148

101 - 101

20,824,096,501 -14,006,112,288 6,817,984,213

3,204,217,1 58 3,204,21 7,158

84,293,793 6,899,592,757

101

84,293,793 6,899,592,858

8,820,000 8,820,000

37,11 8,1 59 3,241,335,31 7

(30,870,000) (30,870,000)

20,824,096,501 (10,801,895,130) 10,022,201,371 99,361,952 10,1 18,878,175



KazI Atlque Rahman, FCS

Company Secretary

/ iVjeet Sood


A M MosaddiquFAhmed

Managing Director & CEO Director

ACNABIN


Syfu l Shamsu l A l a m & Co .

Ch ar t e r ed Accou n t an t s

Bi m a n Ba n g l a d e s h A i r l i n e s L i m i t e d

St a t e m e n t o f F i n a n c i a l Po s i t i o n

A s a t 3 0 Ju n e 2 0 1 6

P a r t i c u l a r s A m o u n t In T a k a

P a r t i c u l a r s N o t e s

P a r t i c u l a r s N o t e s 3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5 0 1 . 0 7 . 2 0 1 4

( R e s t a t e d )

ASSETS

N o n - C u r r e n t A s s e t s

P rope r t y , P lant a n d E q u i p m e n t 3 7 3 , 2 3 4 , 7 1 3 , 1 0 6 6 6 , 0 2 7 , 2 1 5 , 2 7 0 6 3 , 5 9 2 , 2 6 8 , 6 9 4

Cap i ta l Worl< in P r o g r e s s 4 1 5 , 9 7 5 , 4 9 3 2 4 7 , 7 1 0 , 2 7 9 6 5 , 8 5 3 , 6 5 9

I n v e s t m e n t in Sha res 5 9 , 1 8 0 , 0 0 0 9 , 1 8 0 , 0 0 0 9 6 , 9 1 4 , 3 5 6

I n t a n g i b l e A s s e t s 6 5 , 1 4 4 , 6 8 1 , 8 4 3 5 , 6 2 8 , 4 4 4 , 9 4 4 5 , 6 0 1 , 8 4 0 , 2 5 5

D e f e r r e d E x p e n d i t u r e 3 - - 1 , 4 9 0 , 8 7 1 , 9 2 9

7 8 , 4 0 4 , 5 5 0 . 4 4 2 7 1 . 9 1 2 . 5 5 0 . 4 9 3 7 0 . 8 4 7 . 7 4 8 . 8 9 3

N o n - C u r r e n t A s s e t s H e l d f o r Sa l e 7 4 , 8 0 0 , 0 0 4 1 2 9 , 8 3 9 , 7 8 6 1 5 4 . 2 0 7 . 0 7 2

C u r r e n t A s s e t s

Stores a n d Spa res 8 2 , 6 0 4 , 2 5 5 , 2 9 5 4 , 2 4 5 , 1 2 1 , 4 2 1 3 , 9 2 8 , 1 3 6 , 9 6 3

Sund r y D e b t o r s 9 3 , 7 1 4 , 7 9 3 , 6 0 0 3 , 5 0 7 , 8 5 1 , 7 3 8 3 , 8 5 8 , 0 5 3 , 2 2 8

A d v a n c e s , D e p o s i t s a n d P r e p a y m e n t s 1 0 1 1 , 1 1 0 , 5 9 6 , 8 2 3 7 , 3 8 9 , 0 3 2 , 8 5 5 9 , 8 5 9 , 9 0 0 , 0 0 3

A d v a n c e I n c o m e T a x 1 1 2 0 8 , 7 7 8 , 3 3 6 1 7 3 , 4 5 3 , 2 2 3 1 3 8 , 6 2 7 , 9 5 0

A c c r u e d I n t e r e s t o n FDR 1 2 4 6 , 3 1 0 , 9 9 4 4 5 , 0 5 0 , 6 5 2 4 5 , 1 4 6 , 9 2 3

Cash a n d Cash E q u i v a l e n t s 1 3 4 , 5 9 6 , 5 2 6 , 9 0 0 3 , 7 3 8 , 0 7 4 , 9 3 4 2 , 9 9 2 , 1 4 9 , 2 1 9

2 2 , 2 8 1 , 2 6 1 , 9 4 8 1 9 , 0 9 8 , 5 8 4 , 8 2 3 2 0 , 8 2 2 . 0 1 4 , 2 8 6

T o t a l A s s e t s 1 0 0 . 6 9 0 . 6 1 2 . 3 9 4 9 1 . 1 4 0 . 9 7 5 . 1 0 2 9 1 . 8 2 3 . 9 7 0 . 2 5 1

EQUITIES & L IABIL ITIES

E q u i t y

Share C a p i t a l 1 4 . 2 2 0 , 8 2 4 , 0 9 6 , 4 0 0 2 0 , 8 2 4 , 0 9 6 , 4 0 0 2 0 , 8 2 4 , 0 9 6 , 4 0 0

Equ i t y o f G o v e r n m e n t l b 1 0 1 1 0 1 1 0 1

Re ta ined E a r n i n g s 1 6 . 1 ( 8 , 1 9 1 , 0 8 3 , 3 8 6 ) ( 1 0 , 8 9 6 , 1 3 2 , 6 7 2 ) ( 1 4 , 0 0 8 , 7 9 7 , 4 3 6 )

1 2 , 6 3 3 , 0 1 3 , 1 1 5 9 , 9 2 7 , 9 6 3 , 8 2 9 6 , 8 1 5 , 2 9 9 , 0 6 5

N o n C u r r e n t L i a b i l i t i e s

Long T e r m L o a n s a n d F i n a n c e Leases 1 7 4 2 , 0 3 1 , 3 3 0 , 7 6 1 3 9 , 6 0 9 , 4 6 9 , 9 6 7 4 4 , 7 8 3 , 2 1 0 , 9 9 5

D e f e r r e d L i a b i l i t i e s 1 8 4 , 0 7 8 , 9 6 8 , 7 1 3 3 , 5 7 7 , 5 2 2 , 6 3 9 3 , 5 3 3 , 4 0 4 , 7 9 3

D e f e r r e d T a x L i a b i l i t i e s / ( A s s e t s ) 1 9 ( 2 , 0 6 1 , 0 9 5 , 0 9 7 ) ( 6 5 0 , 3 6 3 , 1 2 4 ) 4 3 7 , 0 2 5 , 9 1 7

4 4 , 0 4 9 . 2 0 4 , 3 7 7 4 2 , 5 3 6 , 6 2 9 , 4 8 2 4 8 , 7 5 3 , 6 4 1 , 7 0 5

C u r r e n t L i a b i l i t i e s a n d P r o v i s i o n s :

A c c o u n t s Payab le a n d A c c u r a l s 2 0 2 9 , 1 5 1 , 1 3 6 , 5 5 0 2 6 , 0 4 5 , 0 2 6 , 1 6 8 2 3 , 3 2 6 , 7 1 1 , 5 5 3

Unea rned T r a n s p o r t a t i o n R e v e n u e 2 1 4 , 0 6 8 , 8 8 1 , 6 7 7 3 , 0 2 1 , 7 4 7 , 6 7 2 2 ,71 5 , 8 1 6 , 0 8 9

Short Term & Current Portion of Long Term Loans & Finance

Leases 2 2 1 0 , 2 2 8 , 8 0 7 , 0 1 9 9 , 3 5 5 , 6 4 2 , 9 5 6 1 0 , 2 1 2 , 5 0 1 , 8 3 9

Worl<ers P r o f i t P a r t i c i p a t i o n & w e l f a r e F u n d 2 3 1 4 0 , 5 5 0 , 7 5 0 1 1 4 , 8 4 9 , 3 8 3 -

Prov i s ion f o r T a x a t i o n 2 4 4 1 9 , 0 1 8 , 9 0 5 1 3 9 , 1 1 5 , 6 1 2 -

4 4 , 0 0 8 , 3 9 4 , 9 0 2 3 8 , 6 7 6 , 3 8 1 , 7 9 1 3 6 , 2 5 5 , 0 2 9 , 4 8 1

T o t a l E q u i t i e s a n d L i a b i l i t i e s 1 0 0 . 6 9 0 , 6 1 2 , 3 9 4 9 1 , 1 4 0 , 9 7 5 , 1 0 2 9 1 , 8 2 3 , 9 7 0 , 2 5 1

The a n n e x e d n o t e s 1 t o 35 f o r m a n i n t e g r a l p a r t o f t h e s e f i n a n c i a l s t a t e m e n t s .

C o m p a n y S e c r e t a r y C h i e f F i n a n c i a l O f f i c e r M a n a g i n g D i r e c t o r & CEO D i r e c t o r

S igned in t e r m s o f o u r s e p a r a t e r e p o r t o f e v e n d a t e .

A C N A BI N

C h a r t e r e d A c c o u n t a n t s

Dated , D h a k a

29 N o v e m b e r 2 0 1 6

Syf i / I Sh a m s u l A l a m & C o .


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Chartered Account ant s



Bi m a n Ba n g l a d e s h A i r l i n e s L i m i t e d

St a t e m e n t o f Pr o f i t o r L o s s a n d O t h e r C o m p r e h e n s i v e I n c o m e

Fo r t h e y e a r e n d e d 3 0 Ju n e 2 0 1 6

P a r t i c u l a r s N o t e s A m o u n t In T a k a

P a r t i c u l a r s N o t e s 2 0 1 5 - 1 6 2 0 1 4 - 1 5

R e s t a t e d

O p e r a t i n g R e v e n u e 2 6 4 6 , 1 3 2 , 5 5 5 , 4 7 6 4 5 , 9 8 3 , 6 9 8 , 9 5 6

O p e r a t i n g E x p e n s e s 2 7 ( 4 0 , 9 5 8 , 2 0 6 , 6 8 6 ) ( 4 3 , 0 3 9 , 8 1 6 , 9 9 7 )

O p e r a t i n g P r o f i t / ( L o s s ) 5 , 1 7 4 , 3 4 8 , 7 9 0 2 , 9 4 3 , 8 8 1 , 9 5 9

N o n - o p e r a t i n g R e v e n u e 2 8 4 8 4 , 4 8 6 , 3 2 8 3 8 8 , 1 7 1 , 8 5 9

N o n - o p e r a t i n g E x p e n s e s 2 9 ( 3 , 1 9 9 , 8 7 4 , 8 2 7 ) ( 1 9 9 , 4 3 4 , 2 1 7 )

N o n - o p e r a t i n g P r o f i t / ( L o s s ) ( 2 , 7 1 5 , 3 8 8 , 4 9 9 ) 1 8 8 , 7 3 7 , 6 4 2

P r o f i t / ( L o s s ) b e f o r e I n t e r e s t & t a x 2 , 4 5 8 , 9 6 0 , 2 9 0 3,1 3 2 , 6 1 9 , 6 0 1

I n t e r e s t E x p e n s e 3 0 ( 8 5 0 , 7 1 6 , 7 7 9 ) ( 7 8 2 , 1 8 2 , 2 7 3 )

N e t P r o f i t / ( L o s s ) f o r t h e y e a r b e f o r e t a x 1 , 6 0 8 , 2 4 3 , 5 1 2 2 , 3 5 0 , 4 3 7 , 3 2 8

O t h e r C o m p r e h e n s i v e I n c o m e 3 1 3 3 , 5 0 7 , 0 0 0 3 2 , 1 3 0 , 0 0 0

To ta l C o m p r e h e n s i v e l n c o m e / ( L o s s ) b e f o r e w e l f a r e p r o v i s i o n 1 , 6 4 1 , 7 5 0 , 5 1 2 2 , 3 8 2 , 5 6 7 , 3 2 8

W o r k e r s ' P r o f i t P a r t i c i p a t i o n & W e l f a r e F u n d 2 3 . 2 6 7 , 5 2 9 , 9 0 6 1 3 0 , 4 4 1 , 6 3 7

To ta l C o m p r e h e n s i v e l n c o m e / ( L o s s ) b e f o r e t a x f o r t h e y ea r 1 , 5 7 4 , 2 2 0 , 6 0 6 2 , 2 5 2 , 1 2 5 , 6 9 1

Current Tax lncome/ (Expenses ) 2 4 ( 2 7 9 , 9 0 3 , 2 9 3 ) ( 1 3 9 , 1 1 5 , 6 1 2 )

Deferred Tax lncome/ (Expenses ) (Annexure-J ) 1 9 1 , 4 1 0 , 7 3 1 , 9 7 3 1 , 0 8 4 , 7 0 3 , 8 9 3

T o t a l T a x l n c o m e / ( E x p e n s e s ) 1 , 1 3 0 , 8 2 8 , 6 8 0 9 4 5 , 5 8 8 , 2 8 1

To ta l C o m p r e h e n s i v e l n c o m e / ( L o s s ) a f t e r t a x f o r t h e y ea r 2 , 7 0 5 , 0 4 9 , 2 8 6 3 , 1 9 7 , 7 1 3 , 9 7 2

T h e a n n e x e d n o t e s 1 t o 3 5 f o r m a n i n t e g r a l p a r t o f t h e s e f i n a n c i a l s t a t e m e n t s .

S i g n e d o n b e h a l f o f t h e B o a r d o f D i r e c t o r s as p e r d e c i s i o n i n i t s 1 8 0 t h m e e t i n g h e l d o n 2 9 N o v e m b e r 2 0 1 6 b y

C o m p a n y S e c r e t a r y C h i e f F i n a n c i a l O f f i c e r M a n a g i n g D i r e c t o r & CEO D i r e c t o r

S i g n e d in t e r m s o t o u r s e p a r a t e r e p o r t o f e v e n d a t e .

A C N A BI N


D a t e d , D h a k a

2 9 N o v e m b e r 2 0 1 6

Sy f u l Sh a m s u l A l a m & C o .


6

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B i m a n B a n g l a d e s h A i r l i n e s L i m i t e d

S t a t e m e n t o f C a s h F l o w s

F o r t h e y e a r e n d e d 3 0 J u n e 2 0 1 6

P a r t i c u l a r s

A . C a s h f l o w s f r o m o p e r a t i n g a c t i v i t i e s

T o t a l c o m p r e h e n s i v e i n c o m e / ( l o s s ) f o r t h e y e a r ( b e f o r e t a x )

A d j u s t m e n t f o r n o n - c a s h i t e m s a n d c o n s i d e r a t i o n e l s e w h e r e

D e p r e c i a t i o n c h a r g e d

P r o v i s i o n f o r d e f e r r e d l i a b i l i t i e s

A m o r t i z a t i o n f o r C C h e c k , E n g i n e O v e r h a u l i n g , S o f t w a r e

Loss d u e t o n o n c u r r e n t a s s e t s h e l d f o r s a l e

Loss o n s a l e / d i s p o s a l o f f i x e d a s s e t s

C h a n g e s i n w o r k i n g c a p i t a l

D e c r e a s e / ( l n c r e a s e ) in s u n d r y d e b t o r s

D e c r e a s e / ( l n c r e a s e ) i n i n v e s t m e n t i n s h a r e s

D e c r e a s e / d n c r e a s e ) i n a d v a n c e s , d e p o s i t s a n d p r e p a y m e n t s

D e c r e a s e / d n c r e a s e ) i n s t o r e s a n d s p a r e s

D e c r e a s e / d n c r e a s e ) i n a c c r u e d I n t e r e s t o n f i x e d d e p o s i t

D e c r e a s e / ( l n c r e a s e ) i n w o r k i n p r o g r e s s

D e c r e a s e / d n c r e a s e ) in i n t a n g i b l e a s s e t s

l n c r e a s e / ( D e c r e a s e ) in a c c o u n t s p a y a b l e a n d a c c r u a l s

l n c r e a s e / ( D e c r e a s e ) i n u n - e a r n e d t r a n s p o r t a t i o n r e v e n u e

C a s h g e n e r a t e d f r o m o p e r a t i o n

A d v a n c e I n c o m e t a x p a i d

P a y m e n t f o r d e f e r r e d e x p e n s e s

P a y m e n t a g a i n s t w o r k e r s ' p r o f i t p a r t i c i p a t i o n & w e l f a r e f u n d

P a y m e n t t o t h e t r u s t e e b o a r d a g a i n s t d e f e r r e d l i a b i l i t i e s

N e t c a s h f l o w f r o m o p e r a t i n g a c t i v i t i e s

B. C a s h f l o w s f r o m i n v e s t i n g a c t i v i t i e s

A c q u i s i t i o n o f f i x e d a s s e t s

P a y m e n t f o r C C h e c k , E n g i n e O v e r h a u l i n g , S o f t w a r e *

A c q u i s i t i o n o f I n t a n g i b l e A s s e t s

Sale o f f i x e d a s s e t s h e l d f o r s a l e

A d j u s t m e n t o f f i x e d a s s e t s f o r i n d u c t i o n c o s t r e f u n d b y b o e i n g

N e t c a s h u s e d i n i n v e s t i n g a c t i v i t i e s

C. C a s h f l o w s f r o m f i n a n c i n g a c t i v i t i e s

l n c r e a s e / ( D e c r e a s e ) i n l o n g t e r m l o a n s a n d f i n a n c e l e a ses

l n c r e a s e / ( D e c r e a s e ) i n s h o r t t e r m l o a n a n d c u r r e n t p o r t i o n o f

l o n g t e r m l o a n s a n d f i n a n c e l e a ses

N e t c a s h u s e d In f i n a n c i n g a c t i v i t i e s

N e t l n c r e a s e / ( d e c r e a s e ) i n c a s h a n d c a s h e q u i v a l e n t

E q u i v a l e n t s d u r i n g t h e y e a r ( A + B + C )

C a s h a n d c a s h e q u i v a l e n t s a t t h e b e g i n n i n g o f t h e y e a r

C a s h a n d c a s h e q u i v a l e n t a t t h e e n d o f t h e y e a r

A m o u n t in T a k a

2 0 1 5 - 1 6 2 0 1 4 - 1 5

1 , 5 7 4 , 2 2 0 , 6 0 6 2 , 6 4 9 , 7 7 0 , 2 9 4

3 , 2 9 2 , 7 5 0 , 3 9 3 3 , 0 3 4 , 3 2 5 , 8 6 1

7 8 3 , 3 0 7 , 9 2 8 2 3 7 , 2 8 7 , 8 1 3

1 , 0 2 2 , 4 3 7 , 4 9 9 1 , 8 9 5 , 9 6 8 , 4 5 4

1 2 5 , 0 3 9 , 7 8 2 7 5 0 , 0 0 0

4 8 3 , 5 5 2 , 7 0 0 1 , 0 4 5 , 0 7 3

7 , 2 8 1 , 3 0 8 , 9 0 8 7 , 8 1 9 , 1 4 7 , 4 9 5

( 2 0 6 , 9 4 1 , 8 6 2 ) 3 5 0 , 2 0 1 , 4 9 0

- ( 9 , 5 5 7 , 5 5 8 )

( 3 , 7 2 1 , 5 6 3 , 9 6 8 ) 2 , 4 7 0 , 8 6 7 , 1 4 8

1 , 6 4 0 , 8 6 6 , 1 2 6 ( 3 1 6 , 9 8 4 , 4 5 8 )

( 1 , 2 6 0 , 3 4 2 ) 9 6 , 2 7 1

2 3 1 , 7 3 4 , 7 8 6 ( 1 8 1 , 8 5 6 , 6 2 0 )

( 2 6 , 6 0 4 , 6 8 9 )

3 , 1 0 6 , 1 1 0 , 3 8 2 2 , 7 1 8 , 3 1 4 , 6 1 5

1 , 0 4 7 , 1 3 4 , 0 0 5 4 8 , 2 8 6 , 1 7 5

2 , 0 9 6 , 0 7 9 , 1 2 8 5 , 0 5 2 , 7 6 2 , 3 7 4

9 , 3 7 7 , 3 8 8 , 0 3 6 1 2 , 8 7 1 , 9 0 9 , 8 6 9

( 3 5 , 3 2 5 , 1 1 3) ( 3 4 , 8 2 5 , 2 7 3 )

2 5 , 7 0 1 , 3 6 7 (1 5 , 5 9 2 , 2 5 4 )

( 2 8 1 , 8 6 1 , 8 5 4 ) ( 1 9 3 , 1 6 9 , 9 6 7 )

9 , 0 8 5 , 9 0 2 , 4 3 6 1 2 , 6 2 8 , 3 2 2 , 3 7 5

( 8 , 8 7 4 , 9 1 0 , 8 0 2 ) ( 3 , 1 4 5 , 5 9 0 , 7 0 5 )

( 2 , 6 3 1 , 4 6 4 , 5 5 2 ) ( 2 , 7 3 7 , 6 2 8 , 5 7 1 )

( 1 6 , 0 9 9 , 9 7 3 ) -

- 2 4 , 3 6 7 , 2 8 6

- 7 , 0 5 5 , 2 4 1

(1 1 , 5 2 2 , 4 7 5 , 3 2 8 ) ( 5 , 8 5 1 , 7 9 6 , 7 4 9 )

2 , 4 2 1 , 8 6 0 , 7 9 4 (5 ,1 7 3 , 7 4 1 , 0 2 8 )

8 7 3 , 1 6 4 , 0 6 3 ( 8 5 6 , 8 5 8 , 8 8 3 )

3 , 2 9 5 , 0 2 4 , 8 5 7 ( 6 , 0 3 0 , 5 9 9 , 9 1 1 )

8 5 8 , 4 5 1 , 9 6 5 7 4 5 , 9 2 5 , 7 1 5

3 , 7 3 8 , 0 7 4 , 9 3 4 2 , 9 9 2 , 1 4 9 , 2 1 9

4 , 5 9 6 , 5 2 6 , 8 9 9 3 , 7 3 8 , 0 7 4 , 9 3 4

T h e a n n e x e d n o t e s 1 t o 3 5 f o r m a n i n t e g r a l p a r t o f t h e s e f i n a n c i a l s t a t e m e n t s .

Signed on b ehal f of t he Board of D i r ect or s as per d ecisio n in its I SO t n m e e t T n a h e l d on 2 9 N o ve m b e r 2 0 1 6 by

Ka z i A t i q u e R a h m a n , F C S V i n e e t So o d A M M o s a d c f k m ^ A M m e d N K A M o b i n , F C A , PC

C o m p a n y S e c r e t a r y C h i e f F i n a n c i a l O f f i c e r I V I a n a g i n g D i r e c t o r & CEO D i r e c t o r

e d as ' P a y m e n t f o r d e f e r r e d e x p e n d i t u r e ' i n 2 0 1 4 - 1 5

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Syful Shamsul A l am & Co.


Bi m a n Ba n g l a d e s h A i r l i n e s Li m i t e d

St a t e m e n t o f C h a n g e s in Eq u i t y

Fo r t h e y e a r e n d e d 3 0 Ju n e 2 0 1 6

Pa r t i cu l a r s Pa i d u p

C a p i t a l

G o v e r n m e n t

Eq u i t y

A c c u m u l a t e d

Pr o f i t / ( Lo ss)

Re st a t e d

T o t a l

Balance as at 0 1 Ju l y 2 0 1 5

Addit ion d ur ing t he p e r i o d

2 0 , 8 2 4 , 0 9 6 , 4 0 0 101 ( 1 0 , 8 9 6 , 1 3 2 , 6 7 2 ) 9 , 9 2 7 , 9 6 3 , 8 2 9

2 , 7 0 5 , 0 4 9 , 2 8 6 2 , 7 0 5 , 0 4 9 , 2 8 6

Balance a s at 3 0 Ju n e 2 0 1 6 2 0 , 8 2 4 , 0 9 6 , 4 0 0 101 ( 8 , 1 9 1 , 0 8 3 , 3 8 6 ) 1 2 , 6 3 3 , 0 1 3 , P 5

Balance as at 0 1 Ju l y 2 0 1 4 2 0 , 8 2 4 , 0 9 6 , 4 0 0

Deferred Tax Expense A d j u s t m e n t f o r C o n s o l i d a t i o n w i t h ST N BL

Note:Figures i n c lude d e f e r r e d t a x asse ts o f l as t t w o y e a r s .

Retain Earning a d j u s t m e n t f o r C o n s o l i d a t i o n w i t h ST N BL

Add i t i on d u r i n g the p e r i o d

Balance as at 3 0 Ju n e 2 0 1 5 2 0 , 8 2 4 , 0 9 6 , 4 0 0

1 01 ( 1 4 , 0 0 8 , 7 9 7 , 4 3 6 ) 6 ,81 5 , 2 9 9 , 0 6 5

2 , 6 8 5 , 1 4 8

( 8 7 , 7 3 4 , 3 5 6 )

3 , 1 9 7 , 7 1 3 , 9 7 2 3 , 1 9 7 , 7 1 3 ,972

101 ( 1 0 , 8 9 6 , 1 3 2 , 6 7 2 ) 1 0 , 0 1 3 , 0 1 3 , 0 3 7

The annexed no tes 1 t o 35 f o r m a n i n t e g r a l p a r t o f t h e s e f i n a n c i a l s t a t e m e n t s .

Signed on beha l f o f t h e Board o f D i r e c t o r s as p e r d e c i s i o n in i ts 1 8 0 t h m e e t i n g jffeld]3ia ,25November 2 0 1 6 b y

Kaz i At iq u e Ra h m a n , FC S

C o m p a n y Sec re ta ry

V i n t e t So o d

C h i e f F i nanc i a l O f f i c e r

A M M o s a d d i q u e A h m e d

l\/1anaging D i r e c t o r & CEO

> JKAWobir

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8

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Syful Shamsu l A l a mzyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA Si Co .



( I n c o r p o r a t e d o n 2 3 J u l y 2 0 0 7 )

N o t e s t o t h e C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s

F o r t h e y e a r e n d e d 3 0 J u n e 2 0 1 6

1 . 0 0 B a c k g r o u n d a n d I n f o r m a t i o n

1 .0 1 T h e C o m p a n y

B a n g l a d e s h B i m a n C o r p o r a t i o n h a s b e e n c o n v e r t e d i n t o P u b l i c L i m i t e d C o m p a n y o n 2 3 r d J u l y 2 0 0 7 b y d i n t o f t h e

O r d i n a n c e n o 1 3 , 2 0 0 7 d a t e d 11 J u l y 2 0 0 7 a n d SRO N O 1 9 1 / A I N / 2 0 0 7 d a t e d 0 2 A u g u s t 2 0 0 7 . B i m a n B a n g l a d e s h

A i r l i n e s L i m i t e d h a s t a k e n o v e r t h e b u s i n e s s , a s s e t s a n d l i a b i l i t i e s o f B a n g l a d e s h B i m a n C o r p o r a t i o n w i t h e f f e c t

f r o m 2 3 r d J u l y , 2 0 0 7 . It w a s d o n e as p e r t h e B a n g l a d e s h G a z e t t e n o t i f i c a t i o n d a t e d A u g u s t 2 , 2 0 0 7 a n d A g r e e m e n t

f o r T r a n s f e r o f U n d e r t a k i n g b e t w e e n t h e G o v e r n m e n t o f P e o p l e ' s R e p u b l i c o f B a n g l a d e s h , r e p r e s e n t e d b y M i n i s t r y

o f C i v i l A v i a t i o n a n d T o u r i s m a n d B i m a n B a n g l a d e s h A i r l i n e s L i m i t e d s i g n e d o n 3 1 s t J u l y 2 0 0 7 .

B i m a n P o u l t r y C o m p l e x ( F o r m e r S a v a r P o u l t r y C o m p l e x ) w a s e s t a b l i s h e d i n 1 9 7 6 b y B a n g l a d e s h B i m a n C o r p o r a t i o n .

T h e c o m p l e x w e n t i n t o i t s o p e r a t i o n in 1 0 t h N o v e m b e r , 1 9 8 0 . T h e c o m p l e x p r o d u c e s a n d s u p p l i e s h y b r i d o n e d a y

c h i c k s b o t h l a y e r a n d b r o i l e r f r o m i t s p a r e n t s t o c k a n d s u p p l i e s d r e s s e d m e a t t o B i m a n F l i g h t C a t e r i n g C e n t r e

(BFCC). T h e c o m p l e x a l s o p r o d u c e s a g r i c u l t u r a l p r o d u c t s l i k e p a d d y , w h e a t , m u s t a r d , v e g e t a b l e a n d g r o w s f i s h e s ,

m i l k . T o t a l a r e a o f t h e c o m p l e x is 7 6 . 1 2 a c r e s .

B i m a n F l i g h t C a t e r i n g C e n t e r (BFCC) w a s e s t a b l i s h e d o n 11 N o v e m b e r 1 9 8 9 v i d e B i m a n o f f i c e o r d e r # 1 3 / 8 9 . A n

a g r e e m e n t w a s m a d e b e t w e e n B a n g l a d e s h B i m a n C o r p o r a t i o n a n d M/S A l b e r t A b e l a ( Far East ) I n c . o n 0 3 O c t o b e r

1 9 8 9 f o r t h r e e y e a r s t o o p e r a t e BFCC. A f t e r c o m p l e t i o n o f 3 y e a r s o p e r a t i o n p e r i o d M/s A l b e r t A b e l a (Far East ) INC .

l e f t BFCC a n d B a n g l a d e s h B i m a n C o r p o r a t i o n t o o k o v e r t h e o p e r a t i o n s o f BFCC o n 2 7 O c t o b e r 1 9 9 2 .

I ts c a p i t a l w a s p r o v i d e d b y B a n g l a d e s h B i m a n C o r p o r a t i o n a t t h e t i m e o f i t s s e t t i n g u p . A B o a r d c a l l e d BFCC B o a r d

m a n a g e s i t . A b o a r d w a s a l s o o r i g i n a l l y c o n s t i t u t e d b y B a n g l a d e s h B i m a n C o r p o r a t i o n f o r m a n a g e m e n t o f BFCC o n

2 6 N o v e m b e r 1 9 8 9 v i d e s B i m a n o r d e r N o . 3 8 / 3 9 . T h e B o a r d is r e - c o n s t i t u t e d b y B a n g l a d e s h B i m a n A i r l i n e s L t d .

f r o m t i m e t o t i m e . F o r a l l i n t e n t s a n d p u r p o s e s B a n g l a d e s h B i m a n A i r l i n e s L t d . m a y b e t r e a t e d as t h e o w n e r o f

BFCC a n d BFCC m a y b e c o n s i d e r e d as a u n i t o f B i m a n . T h e p r m c i p l e a c t i v i t y o f B i m a n F l i g h t C a t e r i n g C e n t e r (BFCC)

is t o p r o v i d e c a t e r i n g s e r v i c e s t o a l l A i r l i n e s a t D h a k a i n c l u d i n g B i m a n B a n g l a d e s h A i r l i n e s .

1 . 0 2 P r i o r H i s t o r y

B a n g l a d e s h B i m a n , e s t a b l i s h e d u n d e r B a n g l a d e s h B i m a n ( T e m p o r a r y O r d e r 1 9 7 2 ) (APO N o . 2 o f 1 9 7 2 as a m e n d e d

b y P r e s i d e n t ' s O r d e r N o . 31 o f 1 9 7 2 ) , s t a r t e d f u n c t i o n i n g b y t a k i n g o v e r t h e a s s e t s a n d l i a b i l i t i e s o f t h e e r s t w h i l e

P a k i s t a n I n t e r n a t i o n a l A i r l i n e s (PIA) w i t h i n t h e t e r r i t o r i e s c o n s t i t u t i n g B a n g l a d e s h . T h e r e a f t e r , o n 2 7 O c t o b e r 1 9 7 2 ,

a C o r p o r a t i o n w a s e s t a b l i s h e d c a l l e d B a n g l a d e s h B i m a n b y B a n g l a d e s h B i m a n O r d e r 1 9 7 2 ( P r e s i d e n t ' s O r d e r N o .

1 2 6 o f 1 9 7 2 ) a n d o n 2 6 M a y 1 9 7 7 , t h i s o r d e r w a s r e p e a l e d b y B a n g l a d e s h B i m a n C o r p o r a t i o n O r d i n a n c e 1 9 7 7

w h i c h e s t a b l i s h e d t h e c o r p o r a t i o n c a l l e d B a n g l a d e s h B i m a n C o r p o r a t i o n .

1 . 0 3 N a t u r e o f B u s i n e s s

T h e p r i n c i p a l a c t i v i t i e s o f t h e C o m p a n y a r e t o p r o v i d e a n d d e v e l o p s a f e , e f f i c i e n t , a d e q u a t e , e c o n o m i c a l a n d

p r o p e r l y c o o r d i n a t e d a i r t r a n s p o r t s e r v i c e s , d o m e s t i c as w e l l as i n t e r n a t i o n a l . B i m a n B a n g l a d e s h A i r l i n e s L t d . a l s o

h a s t w o s e p e r a t e u n i t s n a m e l y B i m a n P o u l t r y C o m p l e x (BPC) & B i m a n F l i g h t C a t e r i n g C e n t r e (BFCC) w h o s e

a c c o u n t s a r e c p o n s o l i d a t e d i n B i m a n B a n g l a d e s h A i r l i n e s L t d .

2 . 0 0 A c c o u n t i n g P o l i c i e s a n d D i s c l o s u r e s

2 .0 1 Bas i s o f P r e p a r a t i o n

T h e f i n a n c i a l s t a t e m e n t s h a v e b e e n p r e p a r e d in a c c o r d a n c e w i t h t h e B a n g l a d e s h F i n a n c i a l R e p o r t i n g S t a n d a r d s

(BFRS). T h e e l e m e n t s i n c l u d e d i n t h e f i n a n c i a l s t a t e m e n t s h a v e b e e n m e a s u r e d u n d e r h i s t o r i c a l c o s t c o n v e n t i o n .

T h e B i m a n B a n g l a d e s h A i r l i n e s L i m i t e d t o o k o v e r A s s e t s a n d a s s u m e d L i a b i l i t i e s o f B a n g l a d e s h B i m a n C o r p o r a t i o n

o n t h e b a s i s o f v a l u a t i o n d o n e b y a n i n d e p e n d e n t v a l u e r w h i c h w a s a p p r o v e d b y t h e B o a r d o f D i r e c t o r s .

BAS

BAS 1

BAS 2

BAS 7

BAS 8

BAS 1 2

BAS 1 6

BAS 1 7

BAS 1 8

AS 1 9

S 2 T

5 2 3

AS 2 4

N a m e o f t h e BAS/ BFRS

P r e s e n t a t i o n o f F i n a n c i a l S t a t e m e n t s

I n v e n t o r i e s

S t a t e m e n t o f C a s h F l o w s

A c c o u n t i n g P o l i c i e s , C h a n g e s in A c c o u n t i n g E s t i m a t e s a n d E r r o r s

I n c o m e T a x e s

P r o p e r t y , P l a n t & E q u i p m e n t

L eases

R e v e n u e

E m p l o y e e B e n e f i t s

T h e E f f e c t s o f C h a n g e s i n F o r e i g n E x c h a n g e Ra tes

B o r r o w i n g C o s t s

R e l a t e d P a r t y D i s c l o s u r e s

C o m p l i a n c e S t a t u s

C o m p l i e d

P a r t i a l l y C o m p l i e d


C o m p l i e d

C o m p l i e d

C o m p l i e d

D i s c l o s u r e as p a r a 3 5 n o t c o m p i


D i s c l o s u r e as p a r a 5 7 n o t c o m p I

C o m p l i e d

C o m p l i e d

C o m p l i e d

ACNABIN Syfu l Shamsu l A l a m & Co .

Chartered Account ant s Ch ar t e r ed Accou n t an t s

BAS 2 7 S e p a r a t e F i n a n c i a l S t a t e m e n t s C o m p l i e d

BAS 3 6 I m p a i r m e n t o f A s s e t s C o m p l i e d

BAS 3 7 P r o v i s i o n s , C o n t i n g e n t L i a b i l i t i e s a n d C o n t i n g e n t A s s e t s C o m p l i e d

BAS 3 8 I n t a n g i b l e A s s e t s C o m p l i e d

BAS 4 1 A g r i c u l t u r e P a r t i a l l y C o m p l i e d

BFRS 5 N o n - c u r r e n t A s s e t s H e l d f o r Sale a n d D i s c o n t i n u e d O p e r a t i o n s C o m p l i e d

BFRS 7 F i n a n c i a l i n s t r u m e n t : D i s c l o s u r e s C o m p l i e d

BFRS 1 0 C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s C o m p l i e d

BFRS 1 3 Fa i r V a l u e M e a s u r e m e n t C o m p l i e d

2 . 0 2 Bas i s f o r c o n s o l i d a t i o n

B i m a n B a n g l a d e s h A i r l i n e s L i m i t e d is h o l d i n g 5 1 % s h a r e of M/S S a b r e T r a v e l N e t W o r k ( B a n g l a d e s h ) L i m i t e d . T h e

f i n a n c i a l s t a t e m e n t s of t h e s u b s i d i a r y c o m p a n y u s e d in t h e p r e p a r a t i o n of t h e c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s i n

a c c o r d a n c e w i t h BAS 2 7 a n d BFRS 1 0 as at t h e e n d of t h e r e p o r t i n g p e r i o d . C o n s i s t e n t a c c o u n t i n g p o l i c i e s a r e

a p p l i e d to l i k e t r a n s a c t i o n s a n d e v e n t s in s i m i l a r c i r c u m s t a n c e s . A l l i n t r a - g r o u p b a l a n c e s , t r a n s a c t i o n s , i n c o m e a n d

e x p e n s e s a n d u n r e a l i z e d p r o f i t s a n d l o s s e s r e s u l t i n g f r o m i n t r a - g r o u p t r a n s a c t i o n s a r e e l i m i n a t e d in f u l l . N o n -

c o n t r o l l i n g i n t e r e s t r e p r e s e n t s t h e e q u i t y in s u b s i d i a r y c o m p a n y n o t a t t r i b u t a b l e a r e p r e s e n t e d s e p a r a t e l y in t h e

c o n s o l i d a t e d s t a t e m e n t of c o m p r e h e n s i v e i n c o m e a n d w i t h i n e q u i t y in t h e c o n s o l i d a t e d s t a t e m e n t of f i n a n c i a l

p o s i t i o n , s e p a r a t e l y f r o m e q u i t y a t t r i b u t a b l e to o w n e r s of t h e P a r e n t . T h e m a n a g e m e n t of t h e C o m p a n y c a n

disDose UDto T k . 1 Lac . A f t e r t h a t t h e v h a v e to o b t a i n a o o r o v a l f r o m b o a r d of d i r e c t o r s .

2 . 0 3 P r o p e r t y , P l a n t a n d E q u i p m e n t

P r o p e r t y , P l a n t a n d E q u i p m e n t a r e s t a t e d at c o s t l ess a c c u m u l a t e d d e p r e c i a t i o n . C o s t i n c l u d e s v a l u e o f a s s e t s t a k e n

o v e r f r o m B a n g l a d e s h B i m a n C o r p o r a t i o n at r e v a l u e d a m o u n t . T h e p r o p e r t y , p l a n t a n d e q u i p m e n t of B a n g l a d e s h

B i m a n C o r p o r a t i o n w e r e r e v a l u e d b y an i n d e p e n d e n t v a l u e r as on 2 2 J u l y 2 0 0 7 a n d t h e C o m p a n y i n c o r p o r a t e d

t h o s e r e v a l u e d a s s e t s as o p e n i n g b a l a n c e as on 2 3 J u l y 2 0 0 7 . C a p i t a l w o r k in p r o g r e s s r e p r e s e n t s t h e c o s t i n c u r r e d

f o r a c q u i s i t i o n a n d / o r c o n s t r u c t i o n of a s s e t s t h a t w e r e n o t r e a d y f o r u s e at t h e e n d of 3 0 J u n e 2 0 1 6 a n d t h o s e a r e

s t a t e d at c o s t .

2 . 0 4 D e p r e c i a t i o n o f N o n - C u r r e n t A s s e t s

N o d e p r e c i a t i o n is c h a r g e d on f r e e h o l d l a n d , l e a s e h o l d l a n d , c a p i t a l w o r k - i n - p r o g r e s s , a s s s e t s h e l d f o r s a l e a n d

d i s p o s a l of a s s e t s . D e p r e c i a t i o n is c h a r g e d on all o t h e r n o n - c u r r e n t a s s e t s on s t r a i g h t l i n e m e t h o d at t h e r a t e s

f r o m 2 % to 3 3 % d e p e n d i n g on t h e c a t e g o r i e s of s u c h a s s e t s . D e p r e c i a t i o n is c h a r g e d f r o m t h e d a t e w h e n t h e a s s e t s

a r e r e a d y f o r u s e as p e r B a n g l a d e s h A c c o u n t i n g S t a n d a r d - 1 6 .

A i r c r a f t a n d e n g i n e m a i n t e n a n c e c o s t s in r e s p e c t of m a j o r o v e r h a u l s of o w n e d a i r c r a f t w h i c h a r e t y p i c a l l y c a r r i e d

o u t a t i n t e r v a l s g r e a t e r t h a n o n e y e a r a r e c a p i t a l i s e d a n d d e p r e c i a t e d b y r e f e r e n c e to t h e i r u n i t s of e c o n o m i c

c o n s u m p t i o n t y p i c a l l y h o u r s / C y c l e u s e d .

T h e r a t e s a t w h i c h a s s e t s a r e d e p r e c i a t e d p e r a n n u m , d e p e n d i n g on t h e n a t u r e a n d e s t i m a t e d u s e f u l l i f e of a s s e t s

a re g i v e n b e l o w :

A s s e t C a t e g o r y R a t e

B u i l d i n g 2 %

A i r c r a f t & E q u i p m e n t 1 0 %

N e w A i r f r a m e s ( 7 7 7 - 3 0 0 E R ) 4 %

A i r c r a f t a n d E n g i n e M a i n t e n a n c e C o s t s 1 5% t o 3 3 %

O p e r a t i n g G r o u n d E q u i p m e n t 3 . 3 3 % t o 5%

F u r n i t u r e & F i x t u r e 1 0 %

M a c h i n e r y & E q u i p m e n t 3 . 3 3 % t o 2 0 %

M o t o r V e h i c l e s 1 0 %

Spa re a n d r o t a b l e s 1 0 %

2 . 0 5 L e a s e s

T h e d e t e r m i n a t i o n o f w h e t h e r a n a r r a n g e m e n t i s , o r c o n t a i n s a l e a se is b a s e d o n t h e s u b s t a n c e o f t h e a r r a n g e m e n t

a t i n c e p t i o n d a t e : w h e t h e r f u l f i l l m e n t o f t h e a r r a n g e m e n t is d e p e n d e n t o n t h e u s e o f a s p e c i f i c a s s e t o r a s s e t s

a n d t h e a r r a n g e m e n t c o n v e y s a r i g h t t o u s e t h e a s s e t .

ACNABIN


Syful Shamsu l A l a m & Co .


(I) F i n a n c e L ease

F i n a n c e l e a s e s , w h i c h t r a n s f e r t o t h e B i m a n s u b s t a n t i a l l y a l l t h e r i s k s a n d b e n e f i t s i n c i d e n t a l t o o w n e r s h i p o f t h e

l e a sed a s s e t , a r e c a p i t a l i s e d a t t h e i n c e p t i o n o f t h e l ease a t t h e f a i r v a l u e o f t h e l e a s e d a s s e t o r , i f l o w e r , a t t h e

p r e s e n t v a l u e o f t h e m i n i m u m l e a s e p a y m e n t s . A n y i n i t i a l d i r e c t c o s t s a r e a l s o a d d e d t o t h e a m o u n t c a p i t a l i s e d .

Lease p a y m e n t s a r e a p p o r t i o n e d b e t w e e n f i n a n c e c h a r g e s a n d r e d u c t i o n o f t h e l e a s e l i a b i l i t y s o as t o a c h i e v e a

c o n s t a n t r a t e o f i n t e r e s t o n t h e r e m a i n i n g b a l a n c e o f t h e l i a b i l i t y . F i n a n c e c h a r g e s a r e c h a r g e d d i r e c t l y a g a i n s t t h e

p r o f i t a n d l o s s a c c o u n t .

(ID O p e r a t i n g l e a se

Leases w h e r e t h e l e s s o r e f f e c t i v e l y r e t a i n s s u b s t a n t i a l l y a l l t h e r i s k s a n d b e n e f i t s o f o w n e r s h i p o f t h e l e a s e d a s s e t s

a re c l a s s i f i e d as o p e r a t i n g l e a s e s . O p e r a t i n g l e a se p a y m e n t s a r e r e c o g n i s e d as a n e x p e n s e in t h e p r o f i t a n d l o s s

a c c o u n t o n a s t r a i g h t - l i n e b a s i s o v e r t h e l e a se t e r m .

2 . 0 6 I n v e s t m e n t

B i m a n B a n g l a d e s h A i r l i n e s L t d . h a s i n v e s t e d i n E q u i t y o f S a b r e T r a v e l N e t W o r k ( B a n g l a d e s h ) L i m i t e d , w h i c h is a

s u b s i d i a r y o f B i m a n B a n g l a d e s h A i r l i n e s L i m i t e d . B i m a n p u r c h a s e d 9 1 , 8 0 0 o r d i n a r y s h a r e s o f T k . 1 0 0 e a c h a t t h e

t i m e o f c o m p a n y f o r m a t i o n in 2 0 0 3 , t h e s e r e p r e s e n t e d 5 1 % E q u i t y . A t t h e t i m e o f e s t a b l i s h m e n t t h e n a m e o f t h e

C o m a p n y w a s A b a c u s B a n a g l a d e s h N M C L i m i t e d . As p e r d e c i s i o n o f E x t r a O r d i n a r y G e n e r a l M e e t i n g h e l d ' o n 1 5

D e c e m b e r 2 0 1 5 , t h e n a m e w a s c h a n g e d t o S a b r e T r a v e l N e t w o r k ( B a n g l a d e s h ) L i m i t e d . D i s c l o s u r e o f t h e

C o m p a n i e s A c t 1 9 9 4 u n d e r s e c t i o n 1 8 6 ( 6 ) h a s b e e n g i v e n i n A n n e x u r e - P.

2 . 0 7 St o r e s a n d Sp a r e s

I n v e n t o r i e s o f S t o r e s a n d S p a r e s a n d r a w m a t e r i a l s a r e s t a t e d a t t h e t h e c o s t . D u e t o l a c k o f a c t i v e m a r k e t n e t

r e a l i s a b l e v a l u e c o u l d n o t b e c a l c u l a t e d . T h e c o s t p r i c e o f s t o r e a n d s p a r e s is d e t e r m i n e d o n a w e i g h t e d a v e r a g e

b a s i s . W h e r e n e c e s s a r y , a l l o w a n c e is p r o v i d e d f o r d a m a g e d , o b s o l e t e a n d s l o w m o v i n g i t e m s t o a d j u s t t h e c a r r y i n g

v a l u e o f i n v e n t o r i e s t o t h e l o w e r o f c o s t a n d n e t r e a l i s a b l e v a l u e . S t o c k i n t r a n s i t r e p r e s e n t s t h e c o s t i n c u r r e d u p

t o t h e d a t e o f t h e f i n a n c i a l p o s i t i o n f o r t h e i t e m s t h a t w e r e n o t r e c e i v e d .

2 . 0 8 La n d i n g Ri g h t s

T h e c o m p a n y a c q u i r e d a l l o f i t ' s L a n d i n g r i g h t s n a m e l y r o u t e n e t w o r k f r o m t h e c o r p o r a t i o n as o n 2 3 . 0 7 . 2 0 0 7 a n d

a re c a p i t a l i s e d a t f a i r v a l u e o n a c q u i s i t i o n . L a n d i n g r i g h t s a r e c o n s i d e r e d t o h a v e a n i n d e f i n i t e e c o n o m i c l i f e . A n

i m p a i r m e n t r e v i e w h a s b e e n c o n d u c t e d o n t h e o p e r a t i o n s o f t h e r o u t e n e t w o r k . T h e r e c o v e r a b l e a m o u n t o f t h i s

' C a s h - G e n e r a t i n g U n i t ' (CGU) h a s b e e n m e a s u r e d o n i t s v a l u e i n u s e , u s i n g a d i s c o u n t e d c a s h f l o w m o d e l . T h e

a f t e r t a x d i s c o u n t r a t e a p p l i e d t o c a s h f l o w p r o j e c t i o n s is 6 . 5 % . A r e a s o n a b l e c h a n g e t o t h e a s s u m p t i o n s u s e d b y

m a n g e m e n t t o d e t e r m i n e t h e i m p a i r m e n t r e q u i r e d , p a r t i c u l a r l y t h e d i s c o u n t r a t e a n d l o n g - t e r m g r o w t h r a t e ,

w o u l d n o t s i g n i f i c a n t l y a f f e c t t h e r e s u l t .

2 . 0 9 I m p a i r m e n t T e s t o f L a n d i n g R i g h t s

A s e n s i t i v i t y a n a l y s i s h a s n o t b e e n d i s c l o s e d as m a n a g e m e n t b e l i e v e t h a t a n y r e a s o n a b l e c h a n g e i n a s s u m p t i o n s

w o u l d n o t c a u s e t h e c a r r y i n g v a l u e o f t h e CGU t o e x c e e d t h e i r r e c o v e r a b l e a m o u n t . T h e r e c o v e r a b l e a m o u n t o f t h e

l a n d i n g s l o t s h a s b e e n d e t e r m i n e d b a s e d o n v a l u e - i n - u s e c a l c u l a t i o n u s i n g f i v e y e a r s C a s h F l o w p r o j e c t i o n

a p p r o v e d b y m a n a g e m e n t . T h e i m p a i r m e n t r e v i e w o f l a n d i n g r i g h t s h a s n o t r e s u l t e d i n a n i m p a i r m e n t c h a n g e

d u r i n g t h e y e a r . ( 2 0 1 5 - 1 6 : n o i m p a i r m e n t ) .

2 . 1 0 R e v e n u e r e c o g n i t i o n

R e v e n u e is r e c o g n i s e d t o t h e e x t e n t t h a t i t is p r o b a b l e t h a t t h e e c o n o m i c b e n e f i t s w i l l f l o w t o t h e C o m p a n y a n d t h e

r e v e n u e c a n b e r e l i a b l y m e a s u r e d . R e v e n u e is m e a s u r e d a t t h e f a i r v a l u e o f c o n s i d e r a t i o n r e c e i v e d o r r e c e i v a b l e .

R e v e n u e is p r i n c i p a l l y e a r n e d f r o m t h e c a r r i a g e o f p a s s e n g e r s , c a r g o a n d m a i l , e n g i n e e r i n g s e r v i c e s , t r a i n i n g a n d

r e l a t e d a c t i v i t i e s . R e v e n u e f o r t h e C o m p a n y e x c l u d e s d i v i d e n d s f r o m s u b s i d i a r y c o m p a n i e s a n d i n t r a - g r o u p

t r a n s a c t i o n s .

P a s s e n g e r a n d c a r g o s a l e s a r e r e c o g n i s e d as o p e r a t i n g r e v e n u e w h e n t h e t r a n s p o r t a t i o n is p r o v i d e d . T h e v a l u e o f

u n u s e d t i c k e t s a n d a i r w a y b i l l s is i n c l u d e d i n c u r r e n t l i a b i l i t i e s as s a l e s in a d v a n c e o f c a r r i a g e . T h e v a l u e o f t i c k e t s

is r e c o g n i s e d as u n e a r e d r e v e n u e .

R e v e n u e f r o m e n g i n e e r i n g s e r v i c e s a n d t r a n i n g a r e r e c o g n i s e d o n p r o v i s i o n o f s e r v i c e s a n d I n v o i c e s r a i s e d .

B i m a n l o y a l t y p r o g r a m

B i m a n B a n g l a d e s h A i r l i n e s L i m i t e d o p e r a t e s a f r e q u e n t f l y e r p r o g r a m c a l l e d ' B i m a n L o y a l i t y P r o g r a m ' t h a t p r o v i d e s

t r a v e l a w a r d s t o p r o g r a m m e m b e r s b a s e d o n a c c u m u l a t e d m i l e a g e . In a c c o r d a n c e w i t h IFRIC 1 3 a p o r t i o n o f

p a s s e n g e r r e v e n u e a t t r i b u t a b l e t o t h e a w a r d o f f r e q u e n t f l y e r b e n e f i t s , e s t i m a t e d b a s e d o n e x p e c t e d u t i l i z a t i o n o f

t h e s e b e n e f i t s , is d e f e r r e d u n t i l t h e y a r e u t i l i z e d . T h e s e a r e i n c l u d e d u n d e r d e f e r r e d r e v e n u e o n t h e f i n a n c i a l

s t a t e m e n t s . A n y r e m a i n i n g u n u t i l i z e d b e n e f i t s a r e r e c o g n i z e d as r e v e n u e u p o n e x p i r y .

2 .11 F o r e i g n c u r r e n c y

F o r e i g n c u r r e n c i e s a r e t r a n s l a t e d i n t o t a k a a t t h e t r a n s a c t i o n d a t e s . M o n e t a r y a s s e t s a n d l i a b i l i t i e s a r e r e c o n v e r t e d

t h e r a t e s p r e v a i l i n g a t t h e b a l a n c e s h e e t d a t e . D i f f e r e n c e s a r i s i n g o n c o n v e r s i o n a r e c h a r g e d o r

f i t a n d l o s s a c c o u n t a n d a d j u s t e d w i t h t h e r e s p e c t i v e a c c o u n t b a l a n c e .

D h a ;

11

ACNABIN




2 . 1 2 I n c o m e T a x E x p e n s e

I n c o m e t a x e x p e n s e is c a l c u l a t e d as p e r I n c o m e T a x O r d i n a n c e 1 9 8 4 a n d r e c o g n i z e d i n s t a t e m e n t o f p r o f i t o r l o s s

a n d o t h e r c o m p r e h e n s i v e i n c o m e . D e f e r r e d t a x L i a b i l i t i e s / A s s e t s h a s b e e n r e c o g n i z e d in a c c o r d a n c e w i t h t h e

p r o v i s i o n o f BAS 1 2 b a s e d o n t e m p o r a r y d i f f e r e n c e s a r i s i n g d u e t o d i f f e r e n c e i n t h e c a r r y i n g a m o u n t o f t h e a s s e t s

o r l i a b i l i t i e s a n d t h e i r t a x b a s e . I V I i n i m u m t a x l i a b i l i t i e s u n d e r s e c t i o n 8 2 C o f I n c o m e T a x O r d i n a n c e h a s b e e n

r e c o g n i z e d as t h e r e t a x a b l e l o s s a r i s e s .

2 . 13 E m p l o y e e B e n e f i t s

T h e c o m p a n y m a i n t a i n s b o t h d e f i n e d c o n t r i b u t i o n p l a n a n d d e f i n e d b e n e f i t p l a n f o r i t s e l i g i b l e p e r m a n e n t

e m p l o y e e s . T h e e l i g i b i l i t y is d e t e r m i n e d a c c o r d i n g t o t h e t e r m s a n d c o n d i t i o n s s e t f o r t h i n B i m a n Se r v i c e r u l e s .

T h e c o m p a n y h a s a c c o u n t e d f o r a n d d i s c l o s e d e m p l o y e e b e n e f i t s i n c o m p l i a n c e w i t h t h e p r o v i s i o n s o f BAS 1 9 :

E m p l o y e e B e n e f i t s . N o a c t u a r i a l v a l u a t i o n w a s p e r f o r m e d u p t o 3 0 J u n e 2 0 1 6 , t h o u g h t t h e a c t u a r i a l v a l u a t i o n w a s

p e r f o r m e d u p t o 3 0 J u n e 2 0 1 1 . B a s e d o n t h a t a c t u a r i a l v a l u a t i o n r e p o r t , B i m a n h a s m a d e p r o v i s i o n in t h e c u r r e n t

y ea r .

T h e c o s t o f e m p l o y e e b e n e f i t s is c h a r g e d o f f as r e v e n u e e x p e n d i t u r e i n t h e p e r i o d t o w h i c h t h e c o n t r i b u t i o n s

r e l a t e .

T h e c o m p a n y ' s e m p l o y e e b e n e f i t s i n c l u d e t h e f o l l o w i n g :

(a) D e f i n e d C o n t r i b u t i o n P lan ( P r o v i d e n t F u n d )

T h e c o m p a n y h a s a r e g i s t e r e d p r o v i d e n t f u n d s c h e m e ( D e f i n e d C o n t r i b u t i o n P l an ) f o r e m p l o y e e s o f t h e c o m p a n y

e l i g i b l e t o b e m e m b e r s o f t h e f u n d i n a c c o r d a n c e w i t h t h e r u l e s o f t h e p r o v i d e n t f u n d c o n s t i t u t e d u n d e r a n

i r r e v o c a b l e t r u s t .

A l l p e r m a n e n t e m p l o y e e s u n d e r t h e G r a t u i t y S c h e m e c o n t r i b u t e f r o m 8 . 3 3 % o f t h e i r b a s i c s a l a r y t o t h e p r o v i d e n t

f u n d a n d t h e c o m p a n y a l s o m a k e s e q u a l c o n t r i b u t i o n . A l l p e r m a n e n t E m p l o y e e s u n d e r P e n s i o n S c h e m e c o n t r i b u t e

1 5% o f t h e i r b a s i c S a l a r y t o t h e p r o v i d e n t f u n d . T h e c o m p a n y r e c o g n i z e s c o n t r i b u t i o n t o d e f i n e d c o n t r i b u t i o n p l a n

as a n e x p e n s e w h e n a n e m p l o y e e h a s r e n d e r e d s e r v i c e s i n e x c h a n g e f o r s u c h c o n t r i b u t i o n . T h e l e g a l a n d

c o n s t r u c t i v e o b l i g a t i o n is l i m i t e d t o t h e a m o u n t i t a g r e e s t o c o n t r i b u t e t o t h e f u n d .

(b ) D e f i n e d B e n e f i t P lan ( G r a t u i t v )

T h i s r e p r e s e n t s u n f u n d e d g r a t u i t y s c h e m e f o r i t s p e r m a n e n t e m p l o y e e s c o v e r e d u n d e r G r a t u i t y S c h e m e . E m p l o y e e s

are e n t i t l e d t o g r a t u i t y b e n e f i t a f t e r c o m p l e t i o n o f m i n i m u m t e n y e a r s o f s e r v i c e i n t h e c o m p a n y . T h o u g h n o

v a l u a t i o n w a s d o n e t o q u a n t i f y a c t u a r i a l l i a b i l i t i e s as p e r t h e BAS 1 9 : E m p l o y e e B e n e f i t s , s u c h v a l u a t i o n in n o t l i k e l y

t o y i e l d a r e s u l t s i g n i f i c a n t l y d i f f e r e n t f r o m t h e c u r r e n t p r o v i s i o n .

(c) S h o r t - t e r m e m p l o y e e b e n e f i t s

S h o r t - t e r m e m p l o y e e b e n e f i t s i n c l u d e s a l a r i e s , b o n u s e s , l e a v e e n c a s h m e n t , e t c . O b l i g a t i o n s f o r s u c h b e n e f i t s a r e

m e a s u r e d o n a n u n d i s c o u n t e d b a s i s a n d a r e e x p e n s e d as t h e r e l a t e d s e r v i c e is p r o v i d e d .

(d ) C o n t r i b u t i o n t o W o r k e r s ' P r o f i t P a r t i c i p a t i o n a n d W e l f a r e F u n d s

T h i s r e p r e s e n t s 5% o f n e t p r o f i t b e f o r e t a x c o n t r i b u t e d b y t h e c o m p a n y as p e r p r o v i s i o n s o f t h e B a n g l a d e s h L a b o r

( a m e n d m e n t ) A c t 2 0 1 3 a n d is p a y a b l e t o w o r k e r s as d e f i n e d i n t h e s a i d l a w .

(e) I n s u r a n c e S c h e m e

E m p l o y e e s o f t h e c o m p a n y a r e c o v e r e d u n d e r i n s u r a n c e s c h e m e s .

2 . 1 4 R e l a t e d P a r t y T r a n s a c t i o n s

B i m a n h a s t r a n s a c t i o n s w i t h r e l a t e d p a r t i e s , t h e r e l a t e d p a r t i e s a r e G o v e r n m e n t o f B a n g l a d e s h , P a d m a O i l C o m p a n y

L i m i t e d , I V e g h n a O i l C o m p a n y L i m i t e d , C i v i l A v i a t i o n A u t h o r i t y - B a n g l a d e s h & S a d h a r a n B i m a C o r p o r a t i o n .

Re ce i v ab l e f r o m / P a y a b l e t o r e l a t e d p a r t i e s a r e g i v e n b e l o w . D e t a i l s a r e g i v e n i n A n n e x u r e - N .

R e l a t e d P a r t y A s o n 3 0 J u n e

2 0 1 6

G o v t . O f B a n g l a d e s h :

R e c e i v a b l e f r o m G o v t , o f B a n g l a d e s h

L o a n f r o m G o v t , o f B a n g l a d e s h

Payab le t o G o v t , o f B a n g l a d e s h

( I n t e r e s t o n L o a n f r o m G o v t . )

T k .

T k .

T k .

1 6 6 , 3 4 9 , 6 9 3

4 , 8 1 3 , 5 4 3 , 0 7 5

1 , 5 8 9 , 0 4 7 , 9 3 3

1-2

ACNABIN


Syfu l Sh a m su l Al a m & C o .


O t h e r s :

Payab le t o P a d m a O i l C o m p a n y L i m i t e d T k . 1 1 , 4 3 3 , 6 5 6 , 2 2 7

A d v a n c e t o IV l eghna O i l C o m p a n y

L i m i t e d T k . 5 , 3 9 4 , 2 7 0

Loan f r o m S o n a l i B a n k (UK) L i m i t e d T k . 1 1 , 6 8 3 , 3 0 0 , 2 4 6

Payab le t o C i v i l A v i a t i o n A u t h o r i t y T k . 7 , 0 9 9 , 1 6 8 , 1 9 1

Payab le t o S a d h a r a n B i m a C o r p o r a t i o n T k . 1 0 1 , 3 7 1 , 8 0 5

Loan f r o m S o n a l i B a n k UK a n d o t h e r I n t e r n a t i o n a l L o a n s r e c e i v e d b y B i m a n B a n g l a d e s h A i r l i n e s L i m i t e d i n

c o n n e c t i o n w i t h p u r c h a s e o f a i r c r a f t s a r e f u l l y c o v e r e d b y S o v e r e i n g n G u a r a n t e e b y t h e G o v e r n m e n t o f T h e Peop le ' s

R e p u b l i c o f B a n g l a d e s h .

2 .15 A i r c r a f t P u r c h a s e A g r e e m e n t

B i m a n h a s s i g n e d t h r e e d e f i n i t i v e a g r e e m e n t s w i t h t h e B o e i n g C o m p a n y t o a c q u i r e t e n n e w g e n e r a t i o n a i r c r a f t s .

T h e s e w i l l p r o v i d e f u e l e f f i c i e n c y , r e l i a b i l i t y a n d s p a c i o u s p a s s e n g e r c a b i n . U n d e r t h e s e a g r e e m e n t s B i m a n h a s

o r d e r e d f o r 4 ( f o u r ) B 7 7 7 - 3 0 0 ER, 2 ( t w o ) B 7 3 7 - 8 0 0 ER a n d 4 ( f o u r ) B 7 8 7 - 8 A i r c r a f t s . O u t o f 1 0 ( t e n ) , 4 ( f o u r )

B 7 7 7 - 3 0 0 E R a n d 2 ( t w o ) B 7 3 7 - 8 0 0 E R a i r c r a f t h a v e a l r e a d y b e e n d e l i v e r e d b y B o e i n g . F o u r B 7 8 7 - 8 w i l l be d e l i v e r e d

b y 2 0 1 8 / 2 0 1 9 .

2 . 1 6 F i n a n c i a l r i s k m a n a g e m e n t :

T h e m a n a g e m e n t h a s o v e r a l l r e s p o n s i b i l i t y f o r t h e e s t a b l i s h m e n t a n d o v e r s i g h t o f t h e c o m p a n y ' s r i s k m a n a g e m e n t

f r a m e w o r k . T h e c o m p a n y h a s e x p o s u r e t o t h e f o l l o w i n g r i s k s f r o m i t s u s e o f f i n a n c i a l i n s t r u m e n t s .

C r e d i t R i sk

L i q u i d i t y R i s k

IVIarket R i sk

C r e d i t r i s k :

C r e d i t r i s k is t h e r i s k o f a f i n a n c i a l l o s s t o t h e c o m p a n y i f a c u s t o m e r o r c o u n t e r p a r t y t o a f i n a n c i a l i n s t r u m e n t f a i l s

t o m e e t i t s c o n t r a c t u a l o b l i g a t i o n s . It m a i n l y c o m p r i s e s o f a c c o u n t s / t r a d e r e c e i v a b l e s , a d v a n c e s t o s u p p l i e r s a n d

t r a d e d e p o s i t s . T h e C o m p a n y ' s m a x i m u m e x p o s u r e t o c r e d i t r i s k a t t h e r e p o r t i n g d a t e is a c c o u n t s r e c e i v a b l e s

w h i c h a r e s e c u r e d b y a g r e e m e n t a n d B a n k G u a r a n t e e s . T r a v e l A g e n c i e s u s u a l l y p r o v i d e t h e B a n k G u a r a n t e e t o

l A T A a n d l A T A g i v e s t h e g u a r a n t e e t o B i m a n u p t o t h e a m o u n t e q u a l t o t h e B a n k G u a r a n t e e . A l l o t h e r t h i r d p a r t i e s

i n c l u d i n g GSA in f o r e i g n c o u n t r i e s d o i n g b u s i n e s s b a s e d o n t h e a g r e e m e n t .

a) E x p o s u r e t o c r e d i t r i s k

T h e c a r r y i n g a m o u n t o f f i n a n c i a l a s s e t s r e p r e s e n t s t h e m a x i m u m c r e d i t e x p o s u r e . T h e m a x i m u m

e x p o s u r e t o c r e d i t r i s k a t t h e r e p o r t i n g d a t e w a s :

Pa r t i c u l a r s 2 0 1 6 2 0 1 5

A c c o u n t s r e c e i v a b l e 3 , 8 1 2 , 0 8 5 , 3 4 0 3 , 5 5 2 , 2 8 4 , 2 5 3

A d v a n c e d e p o s i t a n d n , n7 , , 4 9 , 0 6 2 7 , 3 9 5 , 2 0 8 , 0 5 9

p r e p a y m e n t

b ) I m p a i r m e n t

T h e a c c o u n t s r e c e i v a b l e s a r e s e c u r e d b y a g r e e m e n t a n d B a n k G u a r a n t e e . A c c o r d i n g t o t h e c o m p a n y ,

r e c o g n i t i o n o f a n y i m p a i r m e n t l o s s e s w a s n o t n e c e s s a r y as t h e y w e r e f u l l y c o l l e c t i b l e . S u b s e q u e n t t o

y e a r e n d t h e c o l l e c t i b l e s w e r e r e a l i z e d d u l y .

L i q u i d i t y r i s k

L i q u i d i t y r i s k is t h e r i s k t h a t t h e c o m p a n y w i l l n o t b e a b l e t o m e e t i t s f i n a n c i a l o b l i g a t i o n s as t h e y f a l l d u e . T h e

C o m p a n y ' s a p p r o a c h t o m a n a g i n g l i q u i d i t y ( c a s h a n d c a s h e q u i v a l e n t s ) is t o e n s u r e , as f a r as p o s s i b l e , t h a t i t w i l l

a l w a y s h a v e s u f f i c i e n t l i q u i d i t y t o m e e t i t s l i a b i l i t i e s w h e n d u e , u n d e r b o t h n o r m a l a n d s t r e s s e d c o n d i t i o n s , w i t h o u t

i n c u r r i n g u n a c c e p t a b l e l o s s e s o r r i s k i n g d a m a g e t o t h e c o m p a n y ' s r e p u t a t i o n .

P a r t i c u l a r s

S h o r t T e r m i n t e r e s t b e a r i n g

l o a n s

L o n g T e r m i n t e r e s t b e a r i n g

l o a n s

A c c o u n t s P a y a b l e a n d

A c c r u a l s

O t h e r s L i a b i l i t y / c r e d i t o r s

2 0 1 6

10,228,807,019

29,193,696,885

7 , 1 8 5 , 5 4 4 , 5 0 4

2 0 1 5

9 , 3 5 5 , 6 4 2 , 9 5 6

42,031,330,761 3 9 , 6 0 9 , 4 6 9 , 9 6 7

2 6 , 0 7 0 , 4 2 1 , 1 7 4

6 , 6 7 2 , 8 6 0 , 5 1 8

j i e r a l

j r e s i n t h e s e N o t e s a n d t h e a n n e x e d f i n a n c i a l s t a t e m e n t s h a v e b e e n r o u n d e d o f f t o t h e n e a r e s t T a k a .

13

ACNABIN




2 . 1 8 Pr i o r y e a r A d j u s t m e n t s in St a t e m e n t o f f i n a n c i a l p o s i t i o n a n d s t a t e m e n t o f p r o f i t o r l o s s a n d o t h e r

c o m p r e h e n s i v e i n c o m e

S o m e p r e v i o u s y e a r f i g u r e s h a v e b e e n r e s t a t e d b y r e c t i f y i n g t h e p r e v i o u s y e a r e r r o r s in a c c o r d a n c e w i t h

B a n g l a d e s h A c c o u n t i n g S t a n d a r d - 8 . S u m m a r y o f t h e r e c t i f i c a t i o n s a r e g i v e n b e l o w :

P r o v i s i o n f o r D e f e r r e d R e v e n u e u n d e r F r e q u e n t F l ye r p r o g r a m w a s c r e a t e d d e c r e a s i n g U n e r n e d R e v e n u e b u t

i) a c c o r d i n g t o IFRIC 1 3 t h a t s h o u l d e f f e c t w i t h e a r n e d r e v e n u e . T h u s c o r r e c t e d t h e c o m p a r e t i v e f i g u r e a c c o r d i n g t o

BAS 8 b y i n c r e a s i n g u n e a r n e d t r a n s p o r t a t i o n r e v e n u e a n d d e c r e a s i n g p a s s e n g e r r e v e n u e .

O p e r a t i n g r e v e n u e

B e f o r e r e s t a t e m e n t b a l a n c e f o r t h e y e a r 2 0 1 4 - 1 5

Less: A d j u s t m e n t ( N o t e : 2 6 )

A f t e r r e s t a t e m e n t b a l a n c e f o r t h e y e a r 2 0 1 4 - 1 5

4 6 , 2 4 1 , 3 4 4 , 3 6 4

2 5 7 , 6 4 5 , 4 0 8

4 5 , 9 8 3 , 6 9 8 , 9 5 6

U n e a r n e d T r a n s p o r t a t i o n R e v e n u e

Be fo r e r e s t a t e m e n t b a l a n c e as o n 3 0 J u n e 2 0 1 5

A d d : A d j u s t m e n t ( N o t e : 2 1 )

A f t e r r e s t a t e m e n t b a l a n c e as o n 3 0 J u n e 2 0 1 5

2 , 7 6 4 , 1 0 2 , 2 6 4

2 5 7 , 6 4 5 , 4 0 8

3 , 0 2 1 , 7 4 7 , 6 7 2

B i m a n p r e p a r e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s f o r t h e f i r s t t i m e . In c o m p l i a n c e w i t h BFRS 1 0 a n d BAS 2 7

ii) i n v e s t m e n t i n s u b s i d i a r i e s w a s w r i t t e n b a c k t o c o s t v a l u e . S a m e a d j u s t m e n t w a s g i v e n w h i l e p r e p a r i n g

c o n s o l i d a t e d f i n a n c i a l p o s i t i o n .

I n v e s t m e n t in s u b s i d i a r y

B e f o r e r e s t a t e m e n t b a l a n c e as o n 3 0 J u n e 2 0 1 5

Less: A d j u s t m e n t ( N o t e : 5)


1 0 6 , 4 7 1 , 9 1 4

9 7 , 2 9 1 , 9 1 4

9 , 1 8 0 , 0 0 0

i i i )

In t h e p r e v i o u s y e a r . P r o v i s i o n f o r c u r r e n t i n c o m e t a x l i a b i l i t y w a s r e c o g n i s e d @ 3 5 % o n n e t i n c o m e w h i c h w a s n o t

in a c c o r d a n c e w i t h I n c o m e T a x O r d i n a n c e ' l 9 8 4 . T h e r e f o r e m i n i m u m t a x @ . 3 0 % o n g r o s s r e c e i p t as p e r s e c t i o n

1 6 C C C o f I n c o m e T a x O r d i n a n c e ' l 9 8 4 h a s b e e d r e c o g n i s e d a n d e r r o r h a s b e e n a d j u s t e d u p o n r e s t a t i n g p r i o r y e a r

f i g u r e a m o u n t i n g t o T k . 7 4 2 , 6 4 9 , 4 1 8.

C u r r e n t T a x p r o v i s i o n

Be fo r e r e s t a t e m e n t b a l a n c e as o n 3 0 J u n e 2 0 1 5

Less: A d j u s t m e n t ( N o t e : 2 4 )


8 8 1 , 7 6 5 , 0 3 0

7 4 2 , 6 4 9 , 4 1 8

1 3 9 , 1 1 5 , 6 1 2

ACNABIN


Syf u l Sh a m su l A l a m & C o .

Ch ar t e r e d Accou n t an t s

P a r t i c u l a r s N o t e s

3 P r o p e r t y , P l a n t a n d E q u i p m e n t

B i m a n B a n g l a d e s h A i r l i n e s A n n e x - H

B i m a n P o u l t r y C o m p l e x A n n e x - K

B i m a n F l i g h t C a t e r i n g C e n t e r A n n e x - L

3(a) C o n s o l i d a t e d P r o p e r t y , P l a n t a n d E q u i p m e n t


Sabre T r a v e l N e t w o r k ( B a n g l a d e s h ) L i m i t e d A n n e x - M

A m o u n t i n T a k a

3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

7 1 , 7 9 8 , 5 3 6 , 0 9 5

1 , 2 2 7 , 7 1 1 , 9 8 3

2 0 8 , 4 6 5 , 0 2 8

6 4 , 5 8 5 , 4 6 1 , 9 4 7

1 , 2 2 7 , 4 8 1 , 6 3 4

2 M , 2 7 1 , 6 8 9

7 3 , 2 3 4 , 7 1 3 , 1 0 6 6 6 , 0 2 7 , 2 1 5 , 2 7 0

7 3 , 2 3 4 , 7 1 3 , 1 0 6

1 8 , 9 4 4 , 4 3 9

6 6 , 0 2 7 , 2 1 5 , 2 7 0

2 0 , 4 4 1 . 4 7 1

7 3 , 2 5 3 , 6 5 7 , 5 4 5 6 6 , 0 4 7 , 6 5 6 , 7 4 1

A i r c r a f t a n d e n g i n e m a i n t e n a n c e c o s t s i n r e s p e c t o f m a j o r o v e r h a u l s o f o w n e d a i r c r a f t w h i c h a r e t y p i c a l l y c a r r i e d

o u t a t i n t e r v a l s g r e a t e r t h a n o n e y e a r a r e i n c l u d e d i n t h e c a r r y i n g v a l u e o f P r o p e r t y , P l a n t a n d E q u i p m e n t .

P r e v i o u s l y i t w a s s h o w n s e p e r e t l y as ' D e f e r r e d E x p e n d i t u r e ' .

C a p i t a l w o r k - i n - p r o g r e s s

O p e n i n g b a l a n c e

A d d : A d d i t i o n d u r i n g t h e y e a r

Less: T r a n s f e r t o P r o p e r t y , P l a n t a n d E q u i p m e n t

Less: D i s p o s a l o f S u n 'n S h a d e

C l o s i n g b a l a n c e

4 .1

2 4 7 , 7 1 0 , 2 7 9

3 0 , 4 2 6 , 9 8 2

2 7 8 , 1 3 7 . 2 6 1

2 6 1 , 0 9 9 , 8 1 1

1 , 0 6 1 , 9 5 8

1 5 , 9 7 5 , 4 9 3

6 5 , 8 5 3 , 6 5 9

1 8 1 , 8 5 6 , 6 2 0

2 4 7 , 7 1 0 , 2 7 9

2 4 7 , 7 1 0 , 2 7 9

4.1 A d d i t i o n d u r i n g t h e y e a r

I n d u c t i o n c o s t f o r 2 ( t w o ) B o e i n g 7 3 7 - 8 0 0 ER A i r c r a f t

C o n s t r u c t i o n w o r k - i n - p r o g r e s s

1 4 , 6 0 5 , 1 3 7

1 5 , 8 2 1 , 8 4 5

3 0 , 4 2 6 , 9 8 2

1 8 1 , 8 5 6 , 6 2 0

1 8 1 , 8 5 6 , 6 2 0

C a p i t a l w o r k i n p r o g r e s s i n c l u d e s i n d u c t i o n c o s t r e l a t e d t o p u r c h a s e o f n e w g e n e r a t i o n a i r c r a f t s , u n d e r

c o n s t r u c t i o n s w o r k s , a r c h i t e c t u r a l d e s i g n w o r k s .

I n v e s t m e n t In s u b s i d i a r y

Sabre T r a v e l N e t w o r k ( B a n g l a d e s h ) L i m i t e d ( A t c o s t ) 9 , 1 8 0 , 0 0 0 9 , 1 8 0 , 0 0 0

Sabre T r a v e l ( B a n g l a d e s h ) L i m i t e d w a s f o r m e d i n 2 0 0 3 a n d is i n c o r p o r a t e d i n B a n g l a d e s h u n d e r t h e c o m p a n y ' s

a c t 1 9 9 4 . 5 1 % s h a r e s o f t h e c o m p a n y is h e l d b y B i m a n B a n g l a d e s h A i r l i n e s L t d a t a c o s t T k . 9 , 1 8 0 , 0 0 0 a n d

r e m a i n i n g 4 9 % b y A b a c u s I n t e r n a t i o n a l P r i v a t e L i m i t e d ( S i n g a p o r e ) . W i t h t h e a p p r o v a l f r o m E x t r a O r d i n a r y

m e e t i n g o f S h a r e h o l d e r s , n a m e o f s u b s i d i a r y w a s c h a n g e d t o S a b r e T r a v e l N e t w o r k f r o m A b a c u s B a n g l a d e s h

N M C L t d .

A c c o r d i n g t o r e q u i r m e n t o f BFRS 1 0 B i m a n is r e q u i r e d t o p r e p a r e c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s . A c c o r d i n g l y

a c c o u n t s o f S a b r e T r a v e l ( B a n g l a d e s h ) L t d . h a s b e e n c o n s o l i d a t e d .

R e s t a t e m e n t o f i n v e s t m e n t i n s u b s i d i a r y :

In p e r s u i t e o f BAS - 8 r e t r o s p e c t i v e e f f e c t w a s g i v e n t o i n v e s t m e n t i n s u b s i a r y .

Ba l ance as o n 3 0 J u n e 2 0 1 4

Less: A d j u s t m e n t ( 5 1 % o f s u b s i d i a r i e s ' s r e t a i n e d e a r n i n g s )

Ba l ance as o n 3 0 J u n e 2 0 1 5

1 0 6 , 4 7 1 , 9 1 4

9 7 , 2 9 1 , 9 1 4

9 , 1 8 0 , 0 0 0

I n t a n g i b l e A s s e t s


G o o d w i l l

L a n d i n g R i g h t s

C o m p u t e r i z a t i o n S o f t w a r e 6 .1

-

4 8 3 , 3 1 5 , 9 3 7

5 , 0 7 2 , 8 5 1 , 4 0 1 5 , 0 7 2 , 8 5 1 , 4 0 1

7 1 , 8 3 0 , 4 4 2 7 2 , 2 7 7 , 6 0 6

5 , 1 4 4 , 6 8 1 , 8 4 3 5 , 6 2 8 , 4 4 4 , 9 4 4

D h a k a

IS

ACNABIN


Syfu l Sh a m su l A l a m & C o .


P a r t i c u l a r s N o t e s A m o u n t i n T a k a

3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

T h e c o m p a n y a c q u i r e d a l l o f i t ' s L a n d i n g r i g h t s n a m e l y r o u t e n e t w o r k f r o m t h e B i m a n B a n g l a d e s h C o r p o r a t i o n as

o n 2 3 . 0 7 . 2 0 0 7 a n d a r e c a p i t a l i s e d a t c o s t o f a c q u i s i t i o n f r o m B a n g l a d e s h B i m a n C o r p o r a t i o n . L a n d i n g r i g h t s

have b e e n a c c o u n t e d a t c o s t as t r a n s f e r r e d f r o m B a n g l a d e s h B i m a n C o r p r o t a t i o n b a s e d o n v a l a u t i o n c o n d u c t e d

b y t h e p r o f e s s i o n a l v a l u e r o n 2 2 J u l y 2 0 0 7 .

I m p a i r m e n t o f l a n d i n g r i g h t s :

T h e l a n d i n g r i g h t s s t a t e d a b o v e is a s s e s s e d f o r i m p a i r m e n t a n n u a l l y as t h e l a n d i n g r i g h t s h a v e i n d e f i n i t e u s e f u l

l i f e . T h e r e c o v e r a b l e a m o u n t o f t h e l a n d i n g r i g h t s h a s b e e n d e t e r m i n e d b a s e d o n v a l u e - i n - u s e c a l c u l a t i o n s u s i n g

f i v e - y e a r c a s h f l o w p r o j e c t i o n . T h e d i s c o u n t i n g f a c t o r c o n s i d e r e d a t 6 . 5 0 % as e q u a l t o t h e 1 y e a r FDR r a t e f o r 1

c r o r e T a k a o f B a n k s i n B a n g l a d e s h . A c c o r d i n g t o c a l c u l a t i o n , d i s c o u n t e d c a s h f l o w d e r i v e d a t T k . 2 , 4 5 8 . 0 5 C r o r e .

O n t h e o t h e r h a n d , t h e b o o k v a l u e o f l a n d i n g r i g h t s is T k . 5 0 7 . 2 9 C r o r e . A s t h e b o o k v a l u e is m u c h l o w e r t h a n

t h e d i s c o u n t e d c a s h f l o w o f 5 y e a r s p r o j e c t i o n s , s o t h e e x i s t i n g v a l u e o f L a n d i n g r i g h t s is k e p t u n c h a n g e d f o r t h e

y ea r 2 0 1 5 - 1 6 .

6(a ) C o n s o l i d a t e d I n t a n g i b l e A s s e t s


Sabre T r a v e l N e t w o r k ( B a n g l a d e s h ) L i m i t e d 6 . 2

5 , 1 4 4 , 6 8 1 , 8 4 3

1 1 2 , 2 0 4

5 , 6 2 8 , 4 4 4 , 9 4 4

4

5 , 1 4 4 , 7 9 4 , 0 4 7 5 , 6 2 8 , 4 4 4 , 9 4 8

6.1 C o m p u t e r i z a t i o n S o f t w a r e

O p e n i n g B a l a n c e

A d d : A d d i t i o n d u r i n g t h e p e r i o d A n n e x - 1

7 2 , 2 7 7 , 6 0 6

1 6 , 0 9 9 , 9 7 3

4 5 , 6 7 2 , 9 1 7

4 0 , 2 1 7 , 1 3 8

Less: A m o r t i z a t i o n d u r i n g t h e y e a r

8 8 , 3 7 7 , 5 7 9

1 6 , 5 4 7 , 1 3 7

8 5 , 8 9 0 , 0 5 5

1 3 , 6 1 2 , 4 4 9

C l o s i n g B a l a n c e 7 1 , 8 3 0 , 4 4 2 7 2 , 2 7 7 , 6 0 6

6.2 C o m p u t e r i z a t i o n S o f t w a r e

S a b r e T r a v e l N e t w o r k ( B a n g l a d e s h ) L i m i t e d


A d d : N e w P u r c h a s e

4

1 2 2 , 4 0 0

2 0 3 , 5 0 0


1 2 2 , 4 0 4

1 0 , 2 0 0

2 0 3 , 5 0 0

2 0 3 , 4 9 6

C l o s i n g B a l a n c e 1 1 2 , 2 0 4 4

6.3 G o o d w i l l


A d d d u r i n g t h e p e r i o d

4 8 3 , 3 1 5 , 9 3 7 4 8 3 , 3 1 5 , 9 3 7


4 8 3 , 3 1 5 , 9 3 7

4 8 3 , 3 1 5 , 9 3 7

4 8 3 , 3 1 5 , 9 3 7

C l o s i n g B a l a n c e - 4 8 3 , 3 1 5 , 9 3 7

B i m a n B a n g l a d e s h A i r l i n e s L t d . r e c o g n i z e d g o o d w i l l a m o u n t i n g t o T k . 4 8 3 , 3 1 5 , 9 3 7 in 2 0 0 7 . G o o d w i l l w a s

r e c o g n i z e d a t c o s t b a s e d o n t h e A s s e t s t r a n s f e r r e d b y B a n g l a d e s h B i m a n C o r p o r a t i o n a n d as v a l u e d o n

2 2 . 0 7 . 2 0 0 7 B i m a n h a s b e e n c a r r y i n g g o o d w i l l i n b o o k s o f a c c o u n t s w i t h o u t a m o r t i z a t i o n . In s i m i l a r c a se s o f

c o n v e r s i o n o f G o v e r n m e n t o w n e d b a n k s , g o o d w i l l g e n e r a t e d w a s a m o r t i z e d o v e r t h e p e r i o d o f 1 0 y e a r s .

F u r t h e r m o r e B i m a n h a s n o t b e e n a b l e t o c o n d u c t t h e i m p a i r m e n t t e s t f o r g o o d w i l l d u e t o c o n t i n u e d l o s s e s .

D u r i n g t h e y e a r M a n a g e m e n t h a s d e c i d e d t o w r i t t e o f f g o o d w i l l i n f u l l t o c o m p l y w i t h t h e BAS 3 8 - I n t a n g i b l e

A s s e t s a n d BFRS 1 3- Fa i r V a l u e M a n a g e m e n t .

N o n - c u r r e n t a s s e t s h e l d f o r s a l e a n d d i s c o n t i n u e d o p e r a t i o n s

A i r f r a m e s

E n g i n e

S t o r e s a n d S p a r e s


B i m a n P o u l t r y C o m p l e x

B i m a n F l i g h t C a t e r i n g C e n t e r

A n n e x - J

A n n e x - J

4 , 8 0 0 , 0 0 1

3

9 , 9 5 0 , 0 0 0

1 1 9 , 8 8 9 , 7 8 6

4 , 8 0 0 , 0 0 4 1 2 9 , 8 3 9 , 7 8 6

2 , 5 5 4 , 5 8 9 , 2 8 1

1 8 , 3 9 4 , 1 3 7

3 1 , 2 7 1 , 8 7 7

4 , 1 9 0 , 4 6 0 , 0 8 0

1 7 , 4 2 9 , 4 9 0

3 7 , 2 3 1 , 8 5 1

2 , 6 0 4 , 2 5 5 , 2 9 5 4 , 2 4 5 , 1 2 1 , 4 2 1

1-6

ACNABIN Syfu l Shamsu l A l a m & Co .

Chartered Accountants Ch ar t e r ed Accou n t an t s

A m o u n t In T a k a

P a r t i c u l a r s N o t e s 3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

8.1 Bi m a n Ba n g l a d e s h A i r l i n e s L i m i t e d

A i r c r a f t s p a r e s k e y - r e p a i r a b l e 2,1 1 1 , 2 7 5 , 9 5 6 1 , 7 5 0 , 3 9 3 , 1 7 2

A i r c r a f t s p a r e s c o n s u m a b l e 1 , 7 3 1 , 8 4 1 , 4 9 5 1 , 6 3 3 , 5 0 0 , 9 3 8

T o o l s c o n s u m a b l e 2 4 1 , 1 5 3 , 4 4 7 2 2 9 , 0 5 2 , 0 3 8

G r o u n d e q u i p m e n t - s p a r e s 4 2 1 , 2 6 6 , 8 3 7 3 7 6 , 6 9 2 , 9 8 8

C o n s u m a b l e s t o r e s 4 9 5 , 7 9 0 , 0 2 2 4 5 6 , 2 8 6 , 1 4 1

I n v e n t o r y in t r a n s i t 2 8 2 , 5 2 6 , 4 7 2 4 7 5 , 0 8 5 , 8 9 8

5 , 2 8 3 , 8 5 4 , 2 2 8 4 , 9 2 1 , 0 1 1 , 1 7 5

Less: P r o v i s i o n f o r s t o r e o b s o l e s c e n c e 2 , 6 3 6 , 8 1 8 , 1 7 3 7 3 0 , 5 5 1 , 0 9 5

Less: P r o v i s i o n f o r I n v e n t o r y i n T r a n s i t 9 2 , 4 4 6 , 7 7 4 -

2 , 5 5 4 , 5 8 9 , 2 8 1 4 , 1 9 0 , 4 6 0 , 0 8 0

In FY 2 0 1 5 - 1 6 , S t o r e s & S p a r e s f o r T k 1 , 9 0 6 , 2 6 7 , 0 7 8 h a s b e e n p r o v i d e d f o r , as t h e s e s p a r e s r e l a t e t o D C - 1 0 a n d

F o k e r A i r c r a f t w h i c h is n o w d i s c o n t i n u e d f r o m o p e r a t i o n s . I V l a n a g e m e n t is t a k i n g n e c c e s a r y s t e p s t o d i s p o s e o f f

t h i s I n v e n t o r y . A c t u a l l o s s o n s a l e o f I n v e n t o r y w i l l b e b o o k e d as a n d w h e n t h e s e i t e m s a r e s o l d . O n t h e s a m e l i n e

v a l u e o f I n v e n t o r y l y i n g i n I n v e n t r o y i n t r a n s i t r e l a t i n g t o D C - 1 0 a n d a n d F o k k e r A i r c r a f t h a s b e n p r o v i d e d i n

b o o k s o f a c c o u n t s .

8.2 B i m a n P o u l t r y C o m p l e x

Feed 5 , 4 5 2 , 8 8 1 4 , 0 0 7 , 2 1 7

M e d i c i n e a n d v i t a m i n 2 3 3 , 6 2 2 1 2 4 , 4 7 4

V a c c i n e 6 2 , 3 9 6 3 3 , 6 8 3

P r i n t i n g a n d s t a t i o n e r y 4 8 1 , 5 4 0 4 2 1 , 8 0 9

L ive B i rd ( C h i c k e n ) 1 0 , 6 8 0 , 4 8 0 1 1 , 6 8 2 , 7 8 0

S to re i n BPC Sa les C e n t e r 1 6 6 , 2 7 9 1 0 1 , 6 2 0

C h i c k B o x & E g g 1 , 1 0 3 , 3 8 0 8 9 1 , 4 6 0

M i l k 2 4 , 6 7 5 1 4 , 4 0 0

Pe t ro l 5 6 , 9 8 4 4 2 , 3 2 2

M e d i c i n e ( B r o i l e r ) 1 2 5 , 7 6 5 8 8 , 0 5 7

M T Sales C e n t e r 3 , 0 6 0 1 9 , 1 I S

B a l aka Sa les C e n t e r 3 , 0 7 5 2 , 5 5 0

1 8 , 3 9 4 , 1 3 7 1 7 , 4 2 9 , 4 9 0


Raw m a t e r i a l s 2 7 , 5 8 4 , 9 3 8 3 4 , 3 2 5 , 0 7 4

C l e a n i n g i t e m s 2 , 5 2 9 , 6 5 3 1 , 8 1 4 , 0 9 3

P r i n t i n g a n d s t a t i o n a r y in h a n d 2 6 1 , 1 7 8 3 5 5 , 7 4 6

S t o c k a n d s p a r e s 1 , 8 9 6 , 7 0 9 1 , 7 3 7 , 5 3 8

3 2 , 2 7 2 , 4 7 7 3 8 , 2 3 2 , 4 5 1

Less: P r o v i s i o n f o r s t o r e o b s o l e s c e n c e 1 , 0 0 0 , 6 0 0 1 , 0 0 0 , 6 0 0

3 1 , 2 7 1 , 8 7 7 3 7 , 2 3 1 , 8 5 1

9 Su n d r y D e b t o r s




Less: E l i m i n a t i o n o f i n t r a BBA t r a n s e c t i o n

9 .1 3 , 6 4 6 , 4 5 1 , 3 6 2 3 , 4 5 0 , 9 5 7 , 7 9 8

6 8 , 6 6 5 , 1 2 5 7 3 , 7 4 2 , 4 9 3

2 , 4 0 4 , 4 0 0 , 1 2 1 1,91 1 , 8 5 8 , 4 6 2

6 , 1 1 9 , 5 1 6 . 6 0 8 5 , 4 3 6 , 5 5 8 , 7 5 3

A n n e x - E 2 , 4 0 4 , 7 2 3 , 0 0 8 1 , 9 2 8 , 7 0 7 , 0 1 5

3 , 7 1 4 , 7 9 3 , 6 0 0 3 , 5 0 7 , 8 5 1 , 7 3 8

9(a) C o n s o l i d a t e d S u n d r y D e b t o r s


Sabre T r a v e l N e t w o r k ( B a n g l a d e s h ) L i m i t e d

9.1 B i m a n B a n g l a d e s h A i r l i n e s L i m i t e d

C r e d i t Sa les

P r o v i s i o n

m 3 1 0 , 5 8 1 , 1 2 6

3 , 7 1 4 , 7 9 3 , 6 0 0

9 7 , 2 9 1 , 7 4 0

3 , 5 0 7 , 8 5 1 , 7 3 8

4 4 , 4 3 2 , 5 1 5

3 . 8 1 2 , 0 8 5 , 3 4 0 3 , 5 5 2 , 2 8 4 , 2 5 3

3 4 5 , 0 8 9 , 2 1 5

3 4 , 5 0 8 , 0 8 9

3 0 8 , 2 4 8 , 2 ^

3 4 , 5 0 » : p ^

2 7 3 , 7 f ^ ^ 9 3 _

ACNABIN





3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

A i r l i n e s R e c e i v a b l e

Less: P r o v i s i o n

A g e n t Sa les P a r t l y s e c u r e d


M i s c e l l a n e o u s R e c e i v a b l e s


O t h e r D e b t o r s


5 1 2 , 7 1 5 , 9 8 8

5 1 2 , 7 1 5 , 9 8 8

3 , 0 5 6 , 2 2 7 , 6 4 9

2 9 6 , 6 5 1 , 1 7 4

2 , 7 5 9 , 5 7 6 , 4 7 5

1 3 , 2 5 4 , 6 3 3

1 3 , 2 5 4 , 6 3 3

1 0 9 , 3 9 3 , 2 9 4

5 9 , 0 7 0 , 1 5 4

5 0 , 3 2 3 , 1 4 0

3 , 6 4 6 , 4 5 1 , 3 6 2

3 8 0 , 7 0 1 , 7 5 2

3 8 0 , 7 0 1 , 7 5 2

2 , 9 9 1 , 3 0 4 , 4 6 9

2 9 6 , 6 5 1 , 1 7 4

2 , 6 9 4 , 6 5 3 , 2 9 5

1 2 , 3 9 0 , 8 9 2

1 2 , 3 9 0 , 8 9 2

9 0 , 8 6 4 , 4 3 5

1 , 3 9 2 , 7 6 9

8 9 , 4 7 1 , 6 6 6

3 , 4 5 0 , 9 5 7 , 7 9 8

O t h e r D e b t o r s i n c l u d e s T k . 5 7 , 6 7 7 , 3 8 5 r e c e i v a b l e f r o m S u m m i t B a n k . a t K a r a c h i , P a k i s t a n . Fo r r e c o v e r y

m a n a g e m e n t h a s f i l l e d a c o u r t c a s e w h i c h is s t i l l p e n d i n g . T h e a m o u n t h a s b e e n k e p t i n P r o v i s i o n f o r d o u b t f u l

d e b t s in FY 2 0 1 5 - 1 6 .

1 0 A d v a n c e s , D e p o s i t s a n d P r e p a y m e n t s

B i m a n B a n g l a d e s h A i r l i n e s L i m i t e d 1 0 . 1



10(a ) C o n s o l i d a t e d A d v a n c e s , d e p o s i t s a n d p r e p a y m e n t s



10.1 B i m a n B a n g l a d e s h A i r l i n e s L i m i t e d

A d v a n c e s t o B o e i n g 7 , 8 9 6 , 9 7 0 , 9 0 8 4 , 5 7 5 , 9 0 4 , 7 4 9

A d v a n c e s t o o t h e r p a r t i e s 1 , 6 8 6 , 7 9 6 , 0 8 2 1 , 3 3 2 , 3 9 0 , 2 0 6

A d v a n c e t o R a j u k f o r p r o c u r e m e n t o f l a n d a t U t t a r a 4 , 2 9 6 , 0 9 5 4 , 2 9 6 , 0 9 4

A d v a n c e t o M i n i s t r y o f W o r k s f o r p r o c u r e m e n t o f l a n d a t D h a n m o n c 1 , 3 0 9 , 3 5 1 1 , 3 0 9 , 3 5 1

S e c u r i t y D e p o s i t s 1 , 0 2 1 , 5 9 0 , 0 6 3 1 , 0 1 1 , 9 2 6 , 6 8 2

P r e p a y m e n t s t o e m p l o y e e s 4 , 5 6 3 , 5 9 1 4 , 7 0 9 , 5 8 8

P r e p a y m e n t s f o r l e a se r e n t -

9 , 0 8 3 , 9 4 7

P r e p a i d i n t e r e s t 4 2 , 6 7 3 , 8 7 3 3 1 , 7 2 3 , 7 7 0

P r e p a i d c o m m i s s i o n 51 5 , 8 3 7 , 7 4 6 4 2 2 , 7 6 2 , 9 0 6

P r e p a y m e n t s f o r i n s u r a n c e 1 1 , 5 1 5 , 6 1 5 1 1 , 6 7 4 , 4 4 9

1 1 , 1 8 5 , 5 5 3 , 3 2 4 7 , 4 0 5 , 7 8 1 , 7 4 2

Less: P r o v i s i o n as d o u b t f u l 1 0 1 , 4 8 4 , 9 7 0 1 9 , 0 8 5 , 5 5 0

1 1 , 0 8 4 , 0 6 8 , 3 5 5 7 , 3 8 6 , 6 9 6 , 1 9 2

A d v a n c e i n c l u d e T k . 8 0 , 3 8 3 , 1 4 2 . 0 0 a n d T k . 2 , 0 1 6 , 2 7 7 w a s p a i d t o e x t e r n a l p a r t i e s a n d e m p l o y e e s b u t t h e r e is

n o p o s s i b i l i t y t o r e c o v e r t h e s a m e . T h e r e f o r e , p r o v i s i o n h a s b e e n m a d e f o r t h e s e d o u b t f u l a m o u n t i n t h e y e a r f o r

t h e y e a r e n d e d 3 0 J u n e 2 0 1 6 .

1 1 , 0 8 4 , 0 6 8 , 3 5 5 7 , 3 8 6 , 6 9 6 , 1 9 2

1 4 3 , 1 4 5 1 4 8 , 1 4 5

2 6 , 3 8 5 , 3 2 3 2 , 1 8 8 , 5 1 8

1 1 , 1 1 0 , 5 9 6 , 8 2 3 7 , 3 8 9 , 0 3 2 , 8 5 5

1 1 , 1 1 0 , 5 9 6 , 8 2 3 7 , 3 8 9 , 0 3 2 , 8 5 5

6 , 5 5 2 , 2 3 9 6 , 1 7 5 , 2 0 4

1 1,1 1 7 , 1 4 9 , 0 6 2 7 , 3 9 5 , 2 0 8 , 0 5 9

11 A d v a n c e I n c o m e T a x

B i m a n B a n g l a d e s h A i r l i n e s L i m i t e d 1 5 4 , 7 6 7 , 9 6 3 1 2 6 , 4 6 8 , 3 4 3

B i m a n P o u l t r y C o m p l e x ( I n c o m e T a x o n FDR) 2 9 , 4 8 5 , 0 6 6 2 6 , 1 1 4 , 8 7 0

B i m a n F l i g h t C a t e r i n g C e n t e r ( I n c o m e T a x o n FDR) 2 4 , 5 2 5 , 3 0 7 2 0 , 8 7 0 , 0 1 0

2 0 8 , 7 7 8 , 3 3 6 1 7 3 , 4 5 3 , 2 2 3

P r e v i o u s l y t h e ' A d v a n c e I n c o m e T a x ' w a s d i s c l o s e d as ' T a x D e d u c t i o n a t S o u r c e '

11 (a) C o n s o l i d a t e d A d v a n c e I n c o m e T a x



2 0 8 , 7 7 8 , 3 3 6

3 9 8 , 8 3 0 , 0 4 9

1 7 3 , 4 5 3 , 2 2 3

3 5 6 , 9 6 5 , 0 0 0

ACNABIN




„ . , A m o u n t i n T a k a P a r t i c u l a r s N o t e s

3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

6 0 7 , 6 0 8 , 3 8 5 5 3 0 , 4 1 8 , 2 2 3

12 A c c r u e d I n t e r e s t o n F D R

B i m a n B a n g l a d e s h A i r l i n e s L i m i t e d 1 3 , 9 2 1 , 8 4 8 1 3 , 9 2 1 , 8 4 8

B i m a n P o u l t r y C o m p l e x 1 3 , 4 5 3 , 3 4 7 1 4 , 5 5 9 , 0 1 1

B i m a n F l i g h t C a t e r i n g C e n t e r 1 8 , 9 3 5 , 7 9 9 1 6 , 5 6 9 , 7 9 3

4 6 , 3 1 0 , 9 9 4 4 5 , 0 5 0 , 6 5 2

12(a )

O p e n i n g b a l a n c e

A d d : A d d i t i o n d u r i n g t h e y e a r

4 5 , 0 5 0 , 6 5 2

4 6 , 3 1 0 , 9 9 4

4 5 , 1 4 6 , 9 2 3

4 5 , 0 5 0 , 6 5 2

Less: E n c a s h m e n t d u r i n g t h e y e a r

9 1 , 3 6 1 , 6 4 6

4 5 , 0 5 0 , 6 5 2

9 0 , 1 9 7 , 5 7 5

4 5 , 1 4 6 . 9 2 3

C l o s i n g b a l a n c e 4 6 , 3 1 0 , 9 9 4 4 5 , 0 5 0 , 6 5 2

C o n s o l i d a t e d A c c r u e d I n t e r e s t o n FDR



4 6 , 3 1 0 , 9 9 4

1 , 1 3 6 , 0 6 0

4 5 , 0 5 0 , 6 5 2

1 , 7 0 2 , 4 9 5

4 7 , 4 4 7 , 0 5 4 4 6 , 7 5 3 , 1 4 7

C a s h a n d C a s h E q u i v a l e n t

C a s h i n h a n d , i m p r e s t a n d c r e d i t I m p r e s t

B i m a n B a n g l a d e s h A i r l i n e s L i m i t e d 1 3 . 3



3 , 0 7 6 , 3 1 6 , 5 3 6

1 6 , 7 9 5 , 6 1 9

3 6 , 6 2 4 , 5 4 1

2 , 3 6 2 , 1 2 9 , 4 0 5

1 2 , 5 4 2 , 6 8 3

9 3 , 1 3 9 , 9 4 6

F i x e d D e p o s i t s




6 1 2 , 4 8 9 , 9 0 0

3 7 9 , 4 0 0 , 6 0 8

4 7 4 , 8 9 9 , 6 9 6

5 7 6 , 1 6 0 , 6 5 2

3 4 2 , 8 9 6 , 7 7 4

3 5 1 , 2 0 5 , 4 7 4

4 , 5 9 6 , 5 2 6 . 9 0 0 3 , 7 3 8 , 0 7 4 . 9 3 4

13(a ) C o n s o l i d a t e d C a s h a n d c a s h e q u i v a l e n t

B i m a n B a n g l a d e s h A i r l i n e s L i m i t e d 4 , 5 9 6 , 5 2 6 , 9 0 0 3 , 7 3 8 , 0 7 4 , 9 3 4

Sabre T r a v e l N e t w o r k ( B a n g l a d e s h ) L i m i t e d 1 7 3 , 8 8 5 , 3 6 3 1 6 9 , 0 8 4 , 1 9 5

4 , 7 7 0 , 4 1 2 , 2 6 3 3 , 9 0 7 , 1 5 9 , 1 2 9

C a s h a n d c a s h e q u i v a l e n t

C a s h i m p r e s t a c c o u n t s 7 , 7 9 6 , 3 8 1 2 , 8 7 2 , 9 2 0

C a s h a t b a n k s :

I m p r e s t a c c o u n t 5 0 6 , 6 4 6 , 7 1 6 1 8 7 , 1 4 5 , 0 3 4

C a s h C o l l e c t i o n a c c o u n t 1 0 3 , 8 1 2 , 0 7 6 4 1 , 2 4 1 , 4 6 6

C h e q u e c o l l e c t i o n a c c o u n t 2 , 5 4 2 , 9 2 5 , 3 2 1 2 , 4 1 8 , 0 6 6 , 7 0 5

3,1 5 3 , 3 8 4 , 1 1 4 2 , 6 4 6 , 4 5 3 , 2 0 5

3 , 1 6 1 , 1 8 0 , 4 9 5 2 , 6 4 9 , 3 2 6 , 1 2 5

1 3 . 2 B a n k c r e d i t i m p r e s t b a l a n c e

a) L o c a l B a n k A c c o u n t s

S o n a l i B a n k , D i l k u s h a b r a n c e

S t a n d a r d C h a r t e r e d B a n k

S o n a l i B a n k , HS IA

E a s t e r n B a n k L t d

A g r a n i B a n k , S y l h e t b r a n c e

S o n a l i B a n k , T e r m i n a l O f f i c e HS IA

S o n a l i B a n k , H e a d O f f i c e HS IA

S o n a l i B a n k , C h i t t a g o n g b r a n c h

R u p a l i B a n k , C o x ' s B a z a r

C a s h I m p r e s t , BCC HS IA

2 8 , 7 9 2 , 7 3 3

1 , 2 2 2 , 0 7 3

1 , 7 6 7 , 0 3 5

1 3 3 , 8 0 2

1 5 1 , 7 7 0

2 8 4 , 4 5 9

1 , 4 4 8 , 7 7 9

5 , 2 7 2

2 6 6 , 5 2 6 , 4 5 3

6 , 2 1 1 , 2 2 6

1 , 9 7 0

8 3 , 3 1 3

3 , 7 0 0

4 , 2 0 9 , 4 3 7

D h a k a J

ACNABIN


Syfu l Sh a m su l Al a m & C o .



3 0 . 0 6 . 2 0 1 6

3 3 , 8 0 S , 9 2 3

3 0 . 0 6 . 2 0 1 5

2 7 7 , 0 3 6 , 0 9 9

b) O v e r s e a s B a n k A c c o u n t s

S o n a l i B a n k , K o l k a t a

T h e C h a r t e r e d B a n k , S i n g a p o r e

S o n a l i B a n k D M L o n d o n

F i n a n c e M a n a g e r L o n d o n

B a n k B a l a n c e w i t h BAAS

R u p a l i B a n k , K a r a c h i

T h e C h a r t e r e d B a n k , B a n g k o k

D M D u b a i J a n a t a B a n k

13 .3 N e t c a s h a t b a n k ( N o t e - 1 3 . 1 - N o t e - 1 3 . 2 )

14 C a p i t a l

14 .1 A u t h o r i z e d c a p i t a l

T h e a u t h o r i z e d s h a r e c a p i t a l o f t h e C o m p a n y is T k .

1 5 0 , 0 0 0 , 0 0 0 , 0 0 0 d i v i d e d i n t o 1 , 5 0 0 , 0 0 0 , 0 0 0

o r d i n a r y s h a r e s o f T k . 1 0 0 e a c h as p e r M e m o r a n d u m

a n d A r t i c l e s o f t h e A s s o c i a t i o n .

1 4 . 2 I s s u e d , s u b s c r i b e d a n d p a i d - u p C a p i t a l o f B B A L

2 0 8 , 2 4 0 , 9 6 4 o r d i n a r y s h a r e s o f T k . 1 0 0 e a c h h a s

b e e n i s s u e d ,

s u b s c r i b e d a n d p a i d - u p i n t h e c a p i t a l o f t h e

C o m p a n y .

1 4 . 3

15

2 6 8 , 0 6 9

1 8 , 9 9 1 , 1 8 1

1 , 6 4 4

3 1 , 7 7 6 , 8 9 7

2 0 , 2 4 5

I s s u e d , s u b s c r i b e d a n d p a i d - u p C a p i t a l o f S a b r e T r a v e l N e t w o r k ( B a n g l a d e s h )

E q u i t y o f G o v e r n m e n t

G o v e r n m e n t E q u i t y - ( P u r c h a s e C o n s i d e r a t i o n )

As p e r t h e v e n d o r ' s a g r e e m e n t b e t w e e n G o v e r n m e n t

o f B a n g l a d e s h (GoB ) a n d B i m a n B a n g l a d e s h A i r l i n e s

L i m i t e d (BBAL) , t h e e n t i r e u n d e r t a k i n g s o f B a n g l a d e s h

B i m a n C o r p o r a t i o n (BBC) h a s b e e n t r a n s f e r r e d t o t h e

C o m p a n y u n d e r t h e p o w e r v e s t e d in i t b y s e c t i o n

2 8 A ( 2 ) o f t h e B a n g l a d e s h B i m a n C o r p o r a t i o n

O r d i n a n c e , 1 9 7 7 ( O r d i n a n c e N o XIX o f 1 9 7 7 ) . In

c o n s i d e r a t i o n f o r t h e t r a n s f e r o f t h e e n t i r e

u n d e r t a k i n g o f BBC, " T h e C o m p a n y s h a l l i s s u e s h a r e s

f o r a n a m o u n t e q u i v a l e n t t o t h e n e t w o r t h a t a f a i r

v a l u e o f B a n g l a d e s h B i m a n C o r p o r a t i o n d e t e r m i n e d

as o f t h e c l o s e o f b u s i n e s s o f 2 2 J u l y 2 0 0 7 t o GoB o r

i t s n o m i n e e s " . A c c o r d i n g l y t h e a s s e t s a n d l i a b i l i t i e s o f

BBC h a v e b e e n r e v a l u e d b y a n i n d e p e n d e n t v a l u e r

M/S S F A h m e d & C o , C h a r t e r e d A c c o u n t a n t s . A s p e r

t h e i r r e v a l u a t i o n r e p o r t , n e t w o r t h is c a l c u l a t e d a t T K

2 , 8 5 0 , 7 0 6 , 5 7 2 / - . T h e a m o u n t o f T k 2 , 8 5 0 , 7 0 6 , 4 7 1

has b e e n t r a n s f e r e d t o p a i d u p c a p i t a l d u r i n g t h e y e a r

2 0 1 0 - 1 1 .

L i m i t e d

, 0 0 0 , 0 0 0

d e t a i n e d e a r n i n g s t r a n s f e r r e d

'9

6 4 1 , 3 6 7

2 , 9 5 5 , 3 6 8

5 , 7 9 5 , 2 3 8

2 0 , 2 4 6

7 0 2 , 6 1 7

4 5 , 7 8 5

5 1 , 0 5 8 , 0 3 6 1 0 , 1 6 0 , 6 2 1

8 4 , 8 6 3 , 9 5 9 2 8 7 , 1 9 6 , 7 2 0

3 , 0 7 6 , 3 1 6 , 5 3 6 2 , 3 6 2 , 1 2 9 , 4 0 5

1 5 0 , 0 0 0 , 0 0 0 , 0 0 0 1 5 0 , 0 0 0 , 0 0 0 , 0 0 0

2 0 , 8 2 4 , 0 9 6 , 4 0 0 2 0 , 8 2 4 , 0 9 6 , 4 0 0

1 8 , 0 0 0 , 0 0 0

16 C o n s o l i d a t e d R e t a i n e d e a r n i n g s

1 0 1 1 0 1

16 C o n s o l i d a t e d R e t a i n e d e a r n i n g s

O p e n i n g b a l a n c e ( 1 0 , 8 0 1 , 8 9 5 , 1 3 0 ) ( 1 4 , 0 0 6 , 1 1 2 , 2 8 8 )

T o t a l C o m p r e h e n s i v e l n c o m e / ( L o s s ) t o r t h e y e a r

( F i g u r e o f 3 0 . 0 6 . 2 0 1 5 r e s t a t e d ) 2 , 7 1 6 , 6 0 3 , 9 4 9 3 , 2 0 4 , 2 1 7 , 1 5 8

( 8 , 0 8 5 , 2 9 1 , 1 8 1 ) ( 1 0 , 8 0 1 , 8 9 5 , 1 3 0 )

ACNABIN


Syfu l Shamsu l A l a m & Co.



P a r t i c u l a r s N o t e s 3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

16.1 R e t a i n e d e a r n i n g s

B i m a n B a n g l a d e s h A l r i n e s L i m i t e d

O p e n i n g b a l a n c e ( 1 0 , 8 9 6 , 1 3 2 , 6 7 2 ) ( 1 4 , 0 0 8 , 7 9 7 , 4 3 6 )

D e f e r r e d T a x E x p e n s e A d j u s t m e n t f o r C o n s o l i d a t i o n w i t h STNBL - 2 , 6 8 5 , 1 4 8

R e s t a t e d o p e n i n g b a l a n c e ( 1 0 , 8 9 6 , 1 3 2 , 6 7 2 ) ( 1 4 , 0 0 6 , 1 1 2 , 2 8 8 )

Re ta in E a r n i n g a d j u s t m e n t f o r C o n s o l i d a t i o n w i t h STNBL - ( 8 7 , 7 3 4 , 3 5 6 )

T o t a l C o m p r e h e n s i v e l n c o m e / ( L o s s ) f o r t h e y e a r

( F i g u r e o f 3 0 . 0 6 . 2 0 1 5 r e s t a t e d ) 2 , 7 0 5 , 0 4 9 , 2 8 6 3 , 1 9 7 , 7 1 3 , 9 7 2

R e t a i n e d e a r n i n g s t r a n s f e r r e d ( 8 , 1 9 1 , 0 8 3 , 3 8 6 ) ( 1 0 , 8 9 6 , 1 3 2 , 6 7 2 ^

R e t a i n e d e a r n i n g s o f t h e c o m p a n y i n c l u d e t h e n e t r e s u l t o f o p e r a t i o n a l a c t i v i t i e s o f B i m a n , BPC a n d BFCC.

Sab re T r a v e l N e t w o r k ( B a n g l a d e s h ) L i m i t e d

O p e n i n g b a l a n c e 1 8 4 , 7 7 9 , 4 9 4 1 7 2 , 0 2 8 , 1 4 9

T o t a l C o m p r e h e n s i v e l n c o m e / ( L o s s ) f o r t h e y e a r

( F i gu re o f 2 0 1 0 - 1 1 r e s t a t e d ) , 8 8 , 3 5 6 , 2 0 2 7 5 , 7 5 1 , 3 4 5

A d d i t i o n D e f e r r e d T a x L i a b i l i t y / ( A s s e t ) t o b e

r e c o g n i z e d d i r e c t l y i n E q u i t y ( I n v e s t m e n t i n S h a r e s o f ( 6 5 , 7 0 0 , 0 0 0 ) ( 6 3 , 0 0 0 , 0 0 0 )

R e t a i n e d e a r n i n g s t r a n s f e r r e d 2 0 7 , 4 3 5 , 6 9 6 1 8 4 , 7 7 9 , 4 9 4

17 L o n g T e r m L o a n s a n d F i n a n c e L e a s e s

O p e n i n g b a l a n c e 4 8 , 9 6 5 , 1 1 2 , 9 2 3 5 4 , 9 9 5 , 7 1 2 , 8 3 4

Rece i ved d u r i n g t h e p e r i o d 7 , 5 2 2 , 6 0 4 , 8 5 0 -

A d d : E x c h a n g e d i f f e r e n c e 2 9 5 , 9 9 3 , 5 5 5 5 5 , 3 2 0 , 7 5 7

Less: P a y m e n t d u r i n g t h e p e r i o d ( 5 , 2 4 9 , 5 7 3 , 5 4 8 ) ( 6 , 0 8 5 , 9 2 0 , 6 6 8 )

Less: C u r r e n t p o r t i o n f o r t h e y e a r ( 9 , 5 0 2 , 8 0 7 , 0 1 9 ) ( 9 , 3 5 5 , 6 4 2 , 9 5 6 )

4 2 , 0 3 1 , 3 3 0 , 7 6 1 3 9 , 6 0 9 , 4 6 9 , 9 6 7

P r e v i o u s l y t h e ' L o n g t e r m l o a n a n d f i n a n c e l e a s e s ' w a s d e s c r i b e d as ' L o n g t e r m l o a n '

T y p e - w i s e b r e a k - d o w n o f t h e a b o v e l o a n s a r e as f o l l o w s :

Loan f r o m G o v e r n m e n t o f B a n g l a d e s h (i a n d i i ) 4 , 8 1 3 , 5 4 3 , 0 7 5 4 , 8 1 3 , 5 4 3 , 0 7 5

F i nance Lease ( i i i a n d v i i ) 2 7 , 3 8 5 , 1 0 5 , 8 3 5 3 0 , 5 0 1 , 1 7 4 , 8 9 2

T e r m L o a n ( iv , v , v i , v i i i a n d i x ) 9 , 8 3 2 , 6 8 1 , 8 5 0 4 , 2 9 4 , 7 5 2 , 0 0 0

4 2 , 0 3 1 , 3 3 0 , 7 6 1 3 9 , 6 0 9 , 4 6 9 , 9 6 7

L e n d e r - w i s e b r e a k - d o w n o f t h e a b o v e l o a n s a r e as f o l l o w s :

(i) L o a n f r o m G o v t , o f B a n g l a d e s h . ( F o r 3 D C 1 0 - 3 0 A i r c r a f t ) 1 , 9 1 2 , 5 4 3 , 0 7 5 1 , 9 1 2 , 5 4 3 , 0 7 5

1 , 9 1 2 , 5 4 3 , 0 7 5 1 , 9 1 2 , 5 4 3 , 0 7 5

B i m a n r e c e i v e d f o r e i g n c u r r e n c y l o a n f r o m e i g h t (8 ) d i f f e r e n t f o r e i g n b a n k a n d S o n a l i B a n k , L o n d o n b r a n c h f o r

p u r c h a s e o f t h r e e D C - 1 0 - 3 0 a i r c r a f t s in 1 9 8 4 . S u b s e q u e n t l y t h e l o a n h a s b e e n p a i d b y B a n g l a d e s h B a n k in f a v o r

o f B i m a n as p e r G o v e r n m e n t d e c i s i o n a n d B a n g l a d e s h B a n k r e c o v e r e d t h e a m o u n t f r o m t h e G o v e r n m e n t .

U l t i m a t e l y B i m a n ' s l o a n l i a b i l i t y h a s b e e n t r a n s f e r r e d t o t h e G o v e r n m e n t .

(II) L o a n f r o m G o v t , o f B a n g l a d e s h f o r V RS 2 , 9 0 1 , 0 0 0 , 0 0 0

2 , 9 0 1 , 0 0 0 , 0 0 0

2 , 9 0 1 , 0 0 0 , 0 0 0

2 , 9 0 1 , 0 0 0 , 0 0 0

As p e r G o v e r n m e n t d e c i s i o n 1 8 7 7 e m p l o y e e s o f B a n g l a d e s h B i m a n C o r p o r a t i o n w e r e r e t i r e d u n d e r V o l u n t a r y

R e t i r e m e n t S c h e m e (VRS). T h e G o v e r n m e n t p r o v i d e d t h e m o n e y f o r s e t t l e m e n t o f t h e a b o v e e m p l o y e e ' s

r e t i r e m e n t b e n e f i t s a m o u n t i n g t o T K 2 9 0 . 1 0 c r o r e . T h e f i r s t i n s t a l l m e n t a m o u n t i n g t o T K . 2 1 3 . 1 6 c r o r e as 7 0 % o f

t h e t o t a l r e t i r e m e n t b e n e f i t w a s r e c e i v e d f r o m G o v e r n m e n t o n 1 9 - 0 7 - 0 7 v i d e C o B l e t t e r A M A / A B E / B A -

1 / 0 9 2 7 / 7 3 1 1 ( 4 ) / 2 0 0 7 / 6 5 9 a n d t h e r e m a i n i n g b a l a n c e T K . 7 7 . 9 6 c r o r e w a s r e c e i v e d o n 1 8 - 1 1 - 2 0 0 7 v i d e GoB

l e t t e r A I V I A / B E / B A - 1 / 0 9 2 7 7 3 1 l ( 4 ) / 2 0 0 7 / l 0 0 1 as G o v e r n m e n t l o a n p a y a b l e w i t h i n f i f t e e n y e a r s w i t h 5% i n t e r e s t .

F i n a n c e L e a s e f r o m JP M o r g a n ( F o r P u r c h a s e o f 1 s t & 2 n d B 7 7 7 - 3 0 0 E R A i r c r a f t s )


Less: P a y m e n t m a d e d u r i n g t h e y e a r

1 4 , 3 3 2 , 0 0 1 , 9 0 9

1 , 6 0 7 , 5 6 8 , 2 0 2

1 2 , 7 2 4 , 4 3 3 , 7 0 7

1 5 , 8 7 9 , 7 5 6 , 7 2 2

1 , 5 6 7 , 0 5 9 , 7 8

1 4 , 3 1 2 , 6 9 6 ^ '

ha.xa

ACNABIN




(iv)

(V)

Part iculars Notes A m o u n t in Taka

3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

Add : Exchange d i f f . du r i ng the year

Less: Current po r t i on fo r the year

94 ,964 ,663

1 2 , 8 1 9 , 3 9 8 , 3 7 0

1 ,649 ,662,267

1 1 ,169 ,736 ,103

Te rm Loan f r o m Sonal i Bank (UK) L im i t ed (For Purchase o f 3 rd & 4 t h B777-300ER A i r c ra f t s )

Opening Balance

Received d u r i n g the year

Less: Payment made d u r i n g the year

Add : Exchange d i f f . d u r i n g the year


Term Loan f rom Standard Chartered Bank (For payment of PDP loan of EBLfor 1 sj and 2nd Aircraft)

Opening Balance

Received du r i ng the year

2 ,414 ,720 ,000

Less: Payment made du r i ng the year



2 ,414 ,720 ,000

9 6 9 , 1 2 2 , 0 0 0

1 ,445 ,598 ,000

13 ,398 ,000

1 ,458 ,996 ,000

9 7 2 , 6 6 4 , 0 0 0

4 8 6 , 3 3 2 , 0 0 0

(vi) Te rm Loan f r o m S tandard Char te red Bank (For Purchase o f 3 rd & 4 t h B777-300ER A i r c ra f t s )

Opening Balance




Less: Current po r t i on f o r the year

3 ,880 ,800 ,000

3 ,880 ,800 ,000

1 ,040 ,325 ,000

2 ,840 ,475 ,000

2 5 , 4 1 0 , 0 0 0

2 ,865 ,885 ,000

1 ,042 ,140 ,000

1 , 8 2 3 , 7 4 5 , 0 0 0

19 ,304 ,974

14 ,332 ,001 ,909

1 ,601,909,037

1 2 , 7 3 0 , 0 9 2 , 8 7 2

9 4 1 , 4 8 8 , 8 1 9

941 ,488 ,819

937 ,881 ,582

3,607,237

(3 ,607,237)

3 ,376 ,296 ,000

3 ,376 ,296 ,000

9 6 4 , 9 6 4 , 0 0 0

2,41 1,332,000

3 .388,000

2 ,414 ,720 ,000

965 ,888 ,000

1 ,448 ,832 ,000

4 ,909 ,410 ,000

4 ,909 ,410 ,000

1 ,034,055,000

3 ,875 ,355 ,000

5,445,000

3 ,880 ,800 ,000

1 ,034,880,000

2 , 8 4 5 . 9 2 0 , 0 0 0

(vii) Finance Lease f r o m TD Bank (For purchase o f 3 rd and 4 t h B777-300ER A i r c ra f t s )

Opening Balance




Less: Current po r t ion fo r the year

19 ,392 ,337 ,755

19 ,392 ,337 ,755

1 ,632 ,558 ,347

1 7 , 7 5 9 , 7 7 9 , 4 0 8

1 33 ,235 ,681

1 7 , 8 9 3 , 0 1 5 , 0 8 9

1 ,677,645,356

16,21 5 ,369 ,732

20 ,948 ,778 ,072

20 ,948 ,778 ,072

1 ,581,960,299

19 ,366 ,817 ,773

25 ,519 ,982

19 ,392 ,337 ,755

1,621,255,735

1 7 , 7 7 1 , 0 8 2 , 0 2 0

(viii) Te rm Loan f r o m Sonali Bank (UK) L im i t ed

For Purchase o f 2 Boeing B 7 3 7 - 8 0 0 ER A i r c ra f t s

Opening Balance 4 , 1 3 1 , 7 1 0 , 1 8 4 4 ,126 ,440 ,146

Received du r i ng the year -

-

4 , 1 3 1 , 7 1 0 , 1 8 4 4 ,126 ,440 ,146

Less: Payment made d u r i n g the year - -4 , 1 3 1 , 7 1 0 , 1 8 4 4 ,126 ,440 ,146

Add: Exchange d i f f . d u r i n g the year 2 8 , 9 8 5 , 2 1 2 5,270,038

4 , 1 6 0 , 6 9 5 , 3 9 6 4 ,131 .710 ,184


Chartered Accountants Ch ar t e r ed Accou n t an t s

„ , A m o u n t in Taka Part iculars Notes

3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

(Ix) Term Loan f r o m Sonali Bank (UK) L im i t ed

For Purchase o f Boeing B787-8 A i r c r a f t s

Opening Balance



Add: Exchange d i f f . d u r i n g the year


Balance as o n 3 0 - 0 6 - 2 0 1 6

18 Deferred L iabi l i t ies

Biman Bangladesh Air l ines

Biman Fl ight Cater ing Center

Biman Poultry Comp lex

- -

7 .522 ,604 ,850 -7 ,522 ,604 ,850

7 ,522 ,604 ,850

7 ,522 ,604 ,850

7 , 5 2 2 , 6 0 4 , 8 5 0 -

4 2 , 0 3 1 , 3 3 0 , 7 6 1 3 9 , 6 0 9 , 4 6 9 , 9 6 7

8.3 3 ,837 ,387 ,653 3 ,406.212,554

2 2 0 , 2 3 6 , 3 1 8 154 ,966 ,637

2 1 , 3 4 4 , 7 4 2 16 ,343 ,448

4 , 0 7 8 , 9 6 8 , 7 1 3 3 , 5 7 7 , 5 2 2 . 6 3 9

18(a) Conso l ida ted de fe r red l i ab i l i t i es

Biman Bangladesh Air l ines L imi ted 4 ,078 ,968 ,71 3 3 ,577 ,522 ,639

Sabre Travel Ne twork (Bangladesh) L imi ted 10 ,893 ,522 9 ,336,907

4 . 0 8 9 , 8 6 2 . 2 3 5 3 . 5 8 6 . 8 5 9 . 5 4 6

Gratu i ty

Biman Bangladesh A i r l i nes

Opening balance 4 2 3 , 7 5 2 , 8 8 1 399 ,024 ,396

Add: Provision made du r i ng the year 34,71 2,584 56 ,686 ,934

4 5 8 , 4 6 5 , 4 6 5 455,71 1,330

Less: Payments made d u r i n g the year 14 ,698 ,546 31 ,958 ,449

Clos ing balance 4 4 3 , 7 6 6 , 9 1 9 4 2 3 , 7 5 2 , 8 8 1

Provision fo r g ra tu i t y is calculated on the basis o f - "last basic X l ength o f service X 2" fo r general employees

under g ra tu i t y scheme. For cockp i t crew calculat ion is made "last basic X l ength o f service X 3". Tota l number o f

employees under g ra tu i t y scheme as on 30 June 2016 is 6 6 6 .

18.2 Pension


Opening balance 2 ,982 ,459 ,673 2 ,975 ,790 ,128

Add: Provision made d u r i n g the year 6 7 6 , 4 5 6 , 1 4 9 166 ,221 ,389

3,658,91 5,822 3 ,142 ,011 ,517

Less: Payments made d u r i n g the year 2 6 5 , 2 9 5 , 0 8 8 159 ,551 ,844

C los ing balance 3 , 3 9 3 , 6 2 0 , 7 3 4 2 , 9 8 2 , 4 5 9 , 6 7 3

18.3 Tota l G ra tu i t y and Pension o f B iman Bangladesh A i r l ines 3 . 8 3 7 . 3 8 7 . 6 5 3 3 . 4 0 6 , 2 1 2 . 5 5 4

Provision fo r pens ion is calculated as per ex is t ing Government rules. Total n u m b e r o f employees under pension

scheme as on 30th June 2 0 1 6 is 2 1 9 4 .

19 Deferred Tax

Opening Balance

Deferred Tax Expenses/dncome) d u r i n g the Year

Ad j u st m en t D ef er r ed T a x o f Sab re T r ave l Net work (Bang lad esh) Lim it ed

Clos ing balance

(650 ,363 ,124 )

( 1 ,410 ,731 ,973 )

( 2 ,061 ,095 ,097 )

( 2 , 0 6 1 . 0 9 5 , 0 9 7 )

4 3 7 , 0 2 5 , 9 1 7

(1 ,084 ,703 ,893)

(647 ,677,976)

(2 ,685,148)

( 6 5 0 , 3 6 3 , 1 2 4 )

Conso l ida ted Defe r red Tax

Siman Bangladesh Air l ines L imi ted Annex - 0 ( 2 ,061 ,095 ,097 ) (650,363,1 2̂^

ACNABIN





Sabre Travel Ne twork (Bangladesh) L imi ted

19.1 Deferred Tax

Sabre Travel N e t w o r k (Bangladesh) L im i t ed

Opening Balance

Deferred Tax Expenses/( lncome) Dur ing the Year

C los ing balance

1 9 .1

3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

(1 ,647 ,673) (4 ,025,887)

( 2 , 0 6 2 , 7 4 2 , 7 7 0 ) ( 654 ,389 ,01 1)

(4 ,025 ,887 )

2 ,378 ,214

284,881

(3 ,741,006)

( 1 . 6 4 7 . 6 7 3 ) ( 4 .025 .887 )

19.2 Deferred t ax f o r t h e year

Biman Bangladesh Air l ines L imi ted


20 Accounts Payable and Accrua ls


Biman Fl ight Cater ing Center


Less; E l iminat ion o f in t ra company t ransect ion

20(a) Conso l idae td Accoun t s Payable and Accrua ls


Sabre Travel Network (Bangladesh) L imi ted

20.1 Accounts Payable and Accrua ls

Biman Bangladesh A i r l ines L i m i t e d

Provision & Security Deposits

Payables & Trade Credi tors

Various Tax & Fee Payable

Payable to CAAB

Fund & Others

20.1

Annex - E

( 1 ,410 ,731 ,973 ) (1 ,084 ,703 ,893 )

2 ,378 ,214 (3 ,741,006)

( 1 , 4 0 8 , 3 5 3 , 7 5 9 ) ( 1 , 0 8 8 , 4 4 4 , 8 9 9 )

31 ,333 ,81 5,638 27 ,756 ,143 ,335

1 1,958,624 19 ,383 ,219

2 1 0 , 0 8 5 , 2 9 6 198 ,206 ,629

3 1 , 5 5 5 , 8 5 9 , 5 5 8 2 7 , 9 7 3 , 7 3 3 , 1 8 3

2 ,404 ,723 ,008 1,928,707,015

29,1 5 1 , 1 3 6 , 5 5 0 2 6 , 0 4 5 , 0 2 6 , 1 6 8

29,1 5 1 , 1 3 6 , 5 5 0 26 ,045 ,026 ,168

42 ,560 ,335 25 ,395 ,006

2 9 , 1 9 3 , 6 9 6 , 8 8 5 2 6 . 0 7 0 , 4 2 1 , 1 7 4

ii

i l l

iv

V

389,51 1,619

1 7 ,648 ,031 ,491

5 ,645 ,723 ,690

7 ,255 ,264 ,753

395 ,284 ,085

Provision fo r a i rcraf t fuel & oi l up l i f t

Provision fo r payment o f back wages of re insted corp. employe

Deposits received f r o m vendors

Sundry depos i t- tenders account

Security depos i t f r o m travel agent

Security depos i t f r o m casual / contractua l employees

2 6 9 , 0 7 5 , 0 0 4

1 3,01 7,284

1,230,699

6 8 , 4 1 5 , 2 7 8

3 4 , 5 0 8 , 3 5 4

3 ,265 ,000

Accounts payable to Padma Oil Company L imi ted

Accounts payable clearance

Account payable fo r pax meal f l i g h t

Accounts payable fo re ign bil ls

Accounts payable Impor ts

Insurance p r e m i u m payable

BG sales col lect ion on beha l f o f KPT

Interest payable on loan f r o m Govt, o f Bangladesh

Interest payable on loan fo r VRS

Interest on Loan fo r Purchase of Boeing Aircraf t

Aud i tors ' r emunera t ion payable

1 1 ,433 ,656 ,227

1 ,592,186,233

2 ,336 ,263 ,943

1,629,453

4 4 2 , 0 4 9 , 8 0 9

101 ,371 .805

3 ,452 ,436

3 0 3 , 8 8 7 , 4 8 9

1 ,285 ,160 ,444

8 9 , 2 5 4 , 5 5 0

6 7 7 , 2 2 2

533,782,91 3

16 ,793 ,641 ,142

4 ,881 ,768 ,972

5 ,469,893,887

77 ,056,421

3 1 , 3 3 3 , 8 1 5,638 2 7 , 7 5 6 , 1 4 3 , 3 3 5

i) Provision & Secur i ty Depos i t s :

403 ,231 ,693

17,567,661

7,356,148

6 2 , 4 9 7 , 3 1 8

39 ,832 ,093

3,298,000

389 ,51 1,619 5 3 3 , 7 8 2 , 9 1 3

11) Payables & T rade C red i to r s :

12 ,036 ,411 ,377

783 ,471 ,730

1 ,855,049,334

•1,907,218

366 ,613 ,537

165,662,425

3,146,423

303 ,887 ,489

1,140,1 10,444

92 ,086 ,345

535

ACNABIN





Festival a l lowance payable

Air l ines payable

ii i ) Var ious Tax & Fee Payable:

Employees Income tax , Foreign Stat ion

Employees Income tax , Bangladesh

Termina l tax Kua la lampur

U.S Government Tax

A i rpo r t deve lopment fee -Delhi

Libyan Govt, tax

Nepal GOVT, tax

Income taxs var ious part ies

Excise du ty tax on in te rnat iona l passenger

Business tax o f Thai Govt.

Tax payable Rangoon

Rome a i rpor t tax

Kuwait a i rpor t tax

German Govt, tax

Security tax Paris

Security Tax A m s t e r d e m

VAT col lect ion PAX sale BD

UK Travel Tax

Security tax Geneva

FTT& embarka t i on fee, Pakistan

Brussels a i rpor t tax

Security service charge o f I s tambul

Capital value tax o f Pakistan Govt.

Sales Tax Ka thmandu

Passenger service charge S ingapore

A i rpo r t depar ture tax Oman

Passenger col l o f service charge TYO

Passenger depar ture tax HKG

Security Tax MAD SPN

Income tax var ious parties FRG stat ion

Foreign air travel tax

Domest ic air travel tax

Withhe ld tax at Karachi

In t l . a i rpor t depar ture tax , Saudi Govt.

Passenger service fee. India

Greece Security Charge

Qatar a i rpor t deve lopment fee

Termina ' secur i ty fee in Singapore

PAXS service charge(DXB)

PAXS service charge(BKK)

Termina l tax

A i rpor t i m p r o v e m e n t fee Canada

Passenger service fee(BH), Bahrain

Tonga sales tax

Argent ina Security Tax

Maldive a i rpor t tax

Pax m o v e m e n t charge Austra l ia

Internat ional pax charge Austra l ia

Deve lopment charge o f India

Security charge o f karachi

In f rast ructure deve lopment fee Karachi

Revenue received bu t not yet regular iged

Q fee revenue

Tax col lect ion others

Des tu f f ing Charge DEL

3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

2 ,106,990

5 8 , 4 4 1 , 8 7 9 42 ,652 ,830

1 7 , 6 4 8 , 0 3 1 , 4 9 1 1 6 , 7 9 3 , 6 4 1 , 1 4 2

1,201,1 76 1,360,329

31 ,858 ,531 100 ,672 ,809

4 2 8 , 2 6 8 , 9 8 7 281 ,497 ,310

2 ,622,283 2,671,405

1 55 ,396 ,372 59 ,017,625

- 8,372

2 0 , 3 7 7 , 4 8 4 11 ,618 ,350

4 ,393 ,025 29 ,358 ,232

4 1 2 , 0 0 3 , 8 8 7 309 ,498 ,424

126 ,938 1 19,990

. 5 ,005,912 3,316,064

- 77 ,670 ,496

4 3 , 3 0 5 , 6 5 0 30 ,189 ,813

- 19,635,555

- 6,647

- 62 ,107

81 ,245 81,245

4 ,129 ,815 36 ,826 ,373

- 1,429,619

6 2 0 , 5 7 6 634 ,256

- 59,349

- 143,366

2 ,337 ,972 2,337,972

- 938 ,307

18 ,010 ,015 1 5,827,305

148 ,001 ,763 58 ,386 ,279

4 4 2 , 8 6 7 237 ,357

3 ,084,032 3,085,196

- 29 ,940

24 ,990 ,435 27 ,300 ,467

7 2 2 , 1 9 2 , 7 0 9 567 ,268 ,042

2 8 , 7 9 5 , 1 6 4 4 ,572 ,537

6 1 7 , 3 2 7 616 ,947

6 4 4 , 8 0 3 , 3 6 9 533 ,956 ,023

2 7 , 4 0 1 , 6 9 4 8,548,41 5

- 76,973

39,455,1 12 27 ,255 ,124

1 ,090,550 1,029,51 1

5 3 0 , 9 2 2 , 7 8 8 4 3 1 , 7 7 9 , 8 9 8

4 , 6 0 9 , 6 5 6 5,927,298

- 1,707,106

3 ,637 ,237 3,631,752

1,850,81 1 1,850,81 1

1,944,214 1,938,781

- 3,533

8 2 , 5 1 0 82 ,510

3,858 3,854

- ' 126 ,587

2 8 , 6 2 7 , 7 2 0 28 ,603 ,769

61 ,061 60 ,982

6 9 , 3 4 9 69 ,349

- 238,705

13 ,517 ,861 13,517,861

6 ,677 ,818 6 ,093 ,379

20 ,226 13,504-20 ,226

Dha,-a

ACNABIN




- Part iculars

A t tendent Charge fo r KTM

Tax Contro l fo r Forward Sales

Surcharge Cont ro l Accoun t

TDS on Agent Commiss i on

Cargo hand l ing fee-Kolkata

A i rpo r t Deve lopment Fee, Nepal

Saudi Arabian Security Charge

Advance Passenger Processing User Charge

Swachh Bharat Cess Tax on Service

A i rpo r t Bui ld ing Charge Saudi Arab ia

Krishi Kalyan Cess India

Z imbabwe PAX Service Charge ZW

Refundable tax a m o u n t India

Notes A m o u n t in Taka

3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

10 ,009

1 ,244 ,060 ,970

6 8 6 , 4 6 2 , 5 6 0

427 ,231

586 ,497

5,019,205

5 7 , 5 0 8 , 8 5 8

1,206,418

3,229

2 8 7 , 4 1 0 , 4 0 3

60 ,444

20 ,980

3 0 6 , 8 8 7

6,056

886 ,701 ,070

1,264,077,964

2 ,061,827

586 ,497

1,944,613

12 ,807 ,597

19,690

569 ,848

5 , 6 4 5 , 7 2 3 . 6 9 0 4 . 8 8 1 , 7 6 8 , 9 7 2

iv) Payable t o CAAB:

Payable to DGCA for l and ing & park ing

Embarkat ion fees domest i c stat ions

Embarkat ion fee fo re ign stat ions

Security scanning o f cargo HSIA

v) Fund & Others : ^

Retired employees clearance

General p rov iden t f u n d

Officers associat ion f u n d

Mukt i- Joddah sangsad f u n d

Pilot associat ion f u n d

Biman pi lots wel fare f u n d

Insurance cla ims received fo r employees

ADDL P.F. employee c o n t r i b u t i o n

VAT on demur rage charges

P. F. employees c o n t r i b u t i o n stat ions

P.F employees c o n t r i b u t i o n .

IVIosque c o n t r i b u t i o n

Salary payable in coins

Biman secretarial s ta f f associat ion

Cabin crews associat ion

Society o f a i rcraf t engineers

VAT on Embarkat ion Fee

Service Charge on Adver t i sement

VAT col lect ion & payment on parties in BD

Month l y c o n t r i b u t i o n o f BB EU RGD No-1 91 7

Col lect ion as agent others

Off icers wel fare c o n t r i b u t i o n

BBEU welfare c o n t r i b u t i o n

Biman employees ch i ldren scolarship f u n d

Earnings f r o m BATC t r a in ing

BBSL con t r i bu t i on

Rent, salaries and wages clearance

Unpaid salaries and wages

1 /3 salary deduc t i on- re fundab l e WDF 02/96

Liabil it ies on behal f o f o ther carrier

P.F company c o n t r i b u t i o n fo re ign stat ion local

TAP Sales Cont ro l l A/C

Con t r i bu t i on s ta f f we l fare fo re ign stat ions

Profit Bonus

Imprest Clearence Account

Percentage Tax Receivable

7 ,099 ,168 ,191

2 ,893 ,218

128 ,065 ,071

2 5 , 1 3 8 , 2 7 4

7 , 2 5 5 , 2 6 4 , 7 5 3

12 ,806 ,106

6,956,31 8

3 6 , 9 5 7

8,380

2 0 9 , 2 8 9

75 ,513

7 6 5 , 0 0 0

105 ,917

10 ,441 ,914

1 33 ,866

9 2 6 , 9 5 4

2 5 2 , 2 8 0

3,680

192 ,700

2 2 1 , 0 0 0

3 3 , 7 0 9 , 5 0 8

181 ,197

10 ,335 ,480

6 9 0

3 9 0 , 0 5 0

71 ,231

9 2 0

1 ,212,127

80 ,480

18 ,587 ,940

2 7 0 , 6 6 1 , 4 9 2

6 ,361 ,355

1,137,483

1 14 ,356

10 ,762 ,095

1,164,441

169 ,584

51 1,604

5 ,375 ,264,637

2,801,651

74 ,445 ,249

17 ,382 ,350

5 ,469 ,893 ,887

5,683,376

7,050,545

52 ,527

8,810

181,115

71 ,500

1,065,000

100,182

2,999,863

119,155

894 ,317

263 ,130

2,998

3,020

302 ,100

787 ,500

10,640,

130,

97,

1,212,

385,

5 1 ,

20 ,966,

l-,437,

7,412

1,137,

101

3,133

1,381

196

192

777

330

950

329

440

127

722

760

907

765

576

483

977

905

046

912

562


Chartered Account ant s Ch ar t e r ed Acco u n t an t s

„ . , ., A m o u n t In Taka Part iculars Notes

3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

D-1 4 Clearence - 1,038,968

Advance received f r o m BSP l ink PSA 6 ,696 ,178 7,951,747

3 9 5 , 2 8 4 . 0 8 5 7 7 , 0 5 6 , 4 2 1

21 Unearned T r a n s p o r t a t i o n Revenue (F igure o f 3 0 . 0 6 . 2 0 1 5 restated)

Opening balance 3 ,021 ,747 ,672 2 ,715 ,816 ,089

Add : Gross Sales (Passenger Sales) 3 5 , 7 7 3 , 5 8 9 , 8 0 9 34 ,805 ,887 ,295

38 ,795 ,337 ,481 37 ,521 ,703 ,384

Less: Transferred t o Income (Passenger Revenue) 3 4 , 7 2 6 , 4 5 5 , 8 0 4 34 ,499 ,955 ,712

Closing balance 4 , 0 6 8 , 8 8 1 , 6 7 7 3 ,021 ,747 ,672

Provision for Deferred Revenue under Frequent Flyer p rog ram was created decreasing Unerned Revenue but

according to IFRIC 1 3 tha t shou ld effect w i t h earned revenue. Thus corrected the comparet ive f igure according to

BAS 8 by increasing unearned t r anspor ta t i on revenue and decreasing passenger revenue.

Before res ta tement balance as on 30 June 201 5 2 ,764 ,102 ,264

Add: A d j u s t m e n t 257 ,645 ,408

After restatement balance as on 30 June 201 5 3 ,021 ,747 ,672

Current p o r t i o n o f l o n g t e r m loans and Finance Leases

JP Morgan (For Purchase of 1 st & 2nd 777-300ER Aircrafts ) 1 ,649 ,662 ,267 1 ,601,909,037

SCB (For payment o f PDP loan o f EBL fo r 1 st and 2nd Aircrafts ) 9 7 2 , 6 6 4 , 0 0 0 9 6 5 , 8 8 8 , 0 0 0

SCB (For Purchase of 3rd & 4 th 777-300ER Aircrafts ) 1 ,042 ,140 ,000 1 ,034,880,000

TD Bank (For purchase o f 3rd and 4 th 777-300ER Aircrafts ) 1 ,677,645,356 1,621,255,735

Sonali Bank (UK) L imi ted (For Purchase o f 737-800ER Aircrafts ) 4 , 1 6 0 , 6 9 5 , 3 9 6 4 ,131 ,710 ,184

Term Loan f r o m Eastern Bank Ltd 2 4 2 , 0 0 0 , 0 0 0 -

Term Loan f r o m Standard Chartered Bank 2 4 2 , 0 0 0 , 0 0 0 -Term Loan f r o m The City Bank Ltd 2 4 2 , 0 0 0 , 0 0 0 -

1 0 , 2 2 8 . 8 0 7 . 0 1 9 9 , 3 5 5 , 6 4 2 . 9 5 6

Workers ' Prof i t Pa r t i c ipa t ion & Welfare Fund

Opening Balance 1 14 ,849 ,383 -

(Add) Provision d u r i n g the year (5 % o f Net Income) 80,412,176 130 ,441 ,637

1 9 5 , 2 6 1 , 5 5 9 1 3 0 , 4 4 1 , 6 3 7

Ad jus tment : Previous year Profit f r o m excess income 1 2 , 8 8 2 , 2 7 0 -(Less) Paid du r i ng the year ( 2 5 % of basic salary fo r p ro f i t on hajj) 4 1 , 8 2 8 , 5 3 8 1 5,592,254

1 4 0 , 5 5 0 , 7 5 1 1 14 .849 ,383

Conso l ida ted Workers ' Prof i t Par t i c ipat ion & Welfare Fund

Biman Bangladesh Air l ines L imi ted 140 ,550 ,751 1 14 ,849,383

Sabre Travel Ne twork (Bangladesh) L imi ted 23.1 8,683,81 5 5,988,965

1 4 9 , 2 3 4 , 5 6 6 1 2 0 . 8 3 8 , 3 4 8

Workers ' Prof i t Pa r t i c ipa t ion & Wel fara Fund

Opening Balance 5,988,965 -(Add) Provision d u r i n g the year (5 % o f Net Income) 7 ,486,022 5,988,965

1 3 , 4 7 4 , 9 8 7 5 ,988 ,965

(Less) Paid du r i ng the year 4 ,791 ,172 -8 .683 .815 5 ,988,965

The above prov is ion was ma in ta ined accord ing to Labour Act 2006 (As amended in 201 3) o f Chapter XV, Section

234(b) .

23.2 Cur rent year p rov i s i on WPPF


Ad jus tment : Previous year Profit f r o m excess income

Company p rov i s i on


.Conso l ida ted p rov i s i on

23

23.1

80,41 2,1 76 130 ,441 ,637

1 2 , 8 8 2 , 2 7 0 -

6 7 , 5 2 9 , 9 0 6 1 3 0 , 4 4 1 , 6 3 7

7 ,486,022 5,988,965

75 ,01 5,928 1 3 6 , 4 3 0 , 6 0 2

ACNABIN




Part iculars Notes

24 Provision f o r C u r r e n t I n come Tax (F igure 3 0 . 0 6 . 2 0 1 5 res ta ted)

Opening Balance

Add : Provision d u r i n g the year ( M i n i m u m Tax 0.6%)

Less: A d j u s t m e n t in 30 .06 .201 5 f igu re due to es t imat ion error

A m o u n t in Taka

3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

139 ,115 ,612

279 ,903 ,293 881 ,765 ,030

4 1 9 . 0 1 8 , 9 0 5 8 8 1 , 7 6 5 , 0 3 0

742 ,649 ,418

4 1 9 , 0 1 8 , 9 0 5 1 3 9 , 1 1 5 , 6 1 2

Restatement o f Current tax prov is ion

In the previous year ,Provision fo r cur rent income tax l iab i l i ty was recognised @ 3 5 % on net income wh ich was

not in accordance w i t h Income Tax Ord inance ' l 984 . Therefore m i n i m u m tax @.30% on gross receipt as per

section 16CCC o f Income Tax Ord inance ' l 984 has beed recognised and error has been ad justed upon restat ing

pr ior year f igu re a m o u n t i n g to Tk. 742 ,649 ,41 8.

Before res ta tement balance as on 30 June 201 5 881 ,765 ,030

Less: A d j u s t m e n t 742,649,41 8

After res ta tement balance as on 30 June 201 5 1 39,1 i 5,61 2

24(a) Conso l ida ted Provis ion f o r Cu r r en t I n come Tax


Sabre Travel Ne twork (Bangladesh) L imi ted 24.1

4 1 9 , 0 1 8 , 9 0 5

4 1 0 , 8 2 6 , 3 9 9

8 2 9 , 8 4 5 , 3 0 4

139 ,115 ,612

359 ,326 ,399

4 9 8 , 4 4 2 . 0 1 1

24.1 Provision f o r T a x a t i o n - STNBL

Sabre Travel N e t w o r k (Bangladesh) L i m i t e d

Opening Balance

(Add) Provision d u r i n g the year

3 5 9 , 3 2 6 , 3 9 9

5 1 , 5 0 0 , 0 0 0

4 1 0 , 8 2 6 , 3 9 9

317 ,546 ,399

41 ,780 ,000

3 5 9 . 3 2 6 , 3 9 9

24.2 Provison f o r t a x a t i o n



25 Non - C o n t r o l l i n g In te res t

2 7 9 , 9 0 3 , 2 9 3

5 1 , 5 0 0 , 0 0 0

3 3 1 , 4 0 3 , 2 9 3

139 ,115 ,612

41 ,780 ,000

1 8 0 , 8 9 5 , 6 1 2

Name o f the sha reho lde rs Location N u m b e r

o f shares

A m o u n t

in Taka


Abacus Internat iona l Pte Ltd

% o f Non - Con t ro l i ng Share o f Abacus Internat iona l

Ban g lad esh

Sin g ap or e

9 1 , 8 0 0

8 8 , 2 0 0

1 8 0 , 0 0 0

9 ,180 ,000

8 ,820,000

1 8 , 0 0 0 , 0 0 0

Balance at the beg inn ing o f the year

Share of cur rent year p ro f i t

Div idend Paid

9 9 , 3 6 1 , 9 5 2

4 3 , 2 9 4 , 5 3 9

(32 ,193 ,000 )

1 1 0 . 4 6 3 . 4 9 1

93,1 13,793

37,1 18,159

(30 ,870,000)

9 9 . 3 6 1 . 9 5 2

26 Opera t ing Revenue (F igure f o r the year 2 0 1 4 - 1 5 restated)

Biman Bangladesh Air l ines 26.1

Biman Poultry Comp lex 26.2

Biman Flight Cater ing Centre 26.3

Less: E l iminat ion o f in t ra company t ransect ion Annex - C

4 5 . 8 2 7 , 4 6 3 , 2 9 5

1 35 ,073 ,991

1,1 5 4 , 2 4 3 , 7 7 9

4 7 , 1 1 6 , 7 8 1 , 0 6 5

9 8 4 , 2 2 5 , 5 8 9

46,1 3 2 , 5 5 5 , 4 7 6

45 ,730 ,81 1,184

1.30,51 2,330

1,038,01 1,349

4 6 , 8 9 9 , 3 3 4 , 8 6 3

915 ,635 ,907

4 5 . 9 8 3 , 6 9 8 , 9 5 6

This f igure has cont ra ef fect on sales and purchase between BBA & BFCC. The same e l iminated both sales &

purchases (Annexure - C) as the t ransact ion has taken place w i t h i n the company .

1

ACNABIN




„ , , A m o u n t In Taka Part iculars Notes

3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

Restatement o f Opera t ing Revenue

Provision for Deferred Revenue under Frequent Flyer p rog ram was created decreasing Unerned Revenue but

according to IFRIC 1 3 tha t shou ld ef fect w i t h earned revenue. Thus corrected the comparet i ve f igure according to

BAS 8 by increasing unearned t r anspor ta t i on revenue and decreasing passenger revenue.

Before res ta tement balance as on 30 June 201 5 4 6 , 2 4 1 , 3 4 4 , 3 6 4

Less: Ad jus tmen t 257 ,645 ,408

After restatement balance as on 30 June 201 5 45 ,983 ,698 ,956

26(a) Conso l ida ted O p e r a t i n g revenue

Biman Bangladesh Air l ines L imi ted (F igure f o r the

year 2 0 1 4 - 1 5 resta ted)


26.1 Opera t ing Revenue

Biman Bangladesh A i r l ines

Passenger (F igure f o r the year 2 0 1 4 - 1 5 restated)

Cargo

Excess baggage

MaW

Others 26.1.1


Biman Poul t ry C o m p l e x

Sale of Poultry & Agr i cu l tu ra l p roduc t


Biman F l ight Ca te r ing Cent re

Sales to Biman Bangladesh Air l ines L imi ted

Sales to Foreign Air l ines

Catering & Bakery Sales

F & B Tra in ing Fee

Misc. Tra in ing Fee

26.1 .1 Other Ope ra t i ng Revenue


Cancellation Charges

Handl ing Sei-vice

Cute & Check in Gene Service

Bar sales ( Inf l ight )

Engineering Service- to o ther Air l ines

Royalty f r o m other Air l ines

Demurrage charge & o ther cargo income

Sale of Scraps (Store Item)

Interest earn ing f r o m employee loan

Income f r o m p r i n t i ng service

Cargo hand l ing to o ther Air l ines

Earnings f r o m BATC

Gain in prora t ion

Others

27 Opera t ing Expenses

Biman Bangladesh Air l ines 27.1

Biman Fl ight Cater ing Centre 27.2

46,1 3 2 , 5 5 5 , 4 7 6 4 5 , 9 8 3 , 6 9 8 , 9 5 6

3 1 8 , 3 2 4 , 9 0 4 252 ,804 ,798

4 6 , 4 5 0 , 8 8 0 , 3 8 0 4 6 , 2 3 6 , 5 0 3 , 7 5 4

3 4 , 7 2 6 , 4 5 5 , 8 0 4 34 ,499 ,955 ,712

3 ,144 ,289 ,618 3 ,916,099,775

6 7 3 , 8 9 2 , 5 0 9 537 ,303 ,668

1 ,380,280 1,262,696

7 ,281 ,445 ,084 6 ,776 ,189 ,333

4 5 , 8 2 7 , 4 6 3 , 2 9 5 4 5 , 7 3 0 , 8 1 1.184

135 ,073 ,991 130,51 2,330

1 3 5 , 0 7 3 , 9 9 1 1 3 0 , 5 1 2 , 3 3 0

8 9 8 , 9 9 4 , 4 8 4 823 ,912 ,621

2 3 4 , 7 8 5 , 6 7 9 195 ,397 ,134

18 ,983 ,726 1 7,194,470

1 ,262,390 1,235,728

21 7,500 271 ,396

1 , 1 5 4 , 2 4 3 , 7 7 9 1 ,038 ,011 ,349

721 ,296 ,053 569 ,857 ,234

4 , 8 8 7 , 3 1 6 , 8 9 2 4,897,1 58,173

8 2 , 6 0 0 , 8 0 9 -

28 ,271 ,241 30 ,698 ,058

3 1 , 9 1 7 , 1 4 6 32 ,610 ,244

1 52 ,347 28 ,703 ,240

4 0 2 , 7 0 8 , 9 2 3 250 ,324 ,684

- 5,075,922

2 ,058 ,210 3,030,741

- 280 ,428

784 ,651 ,295 6 1 0 , 6 1 4 , 2 9 0

13 ,921 ,762 18 ,920 ,694

4 8 , 9 3 8 , 3 7 4 74 ,066 ,896

277,61 2,032 254 ,848 ,729

7 , 2 8 1 . 4 4 5 . 0 8 4 6 , 7 7 6 , 1 8 9 , 3 3 3

4 0 , 8 8 3 , 4 5 3 , 9 5 8 4 3 , 0 1 7 , 2 0 5 , 0 7 9

9 3 0 . 0 0 6 , 1 9 2 813 .880 ,584

ACNABIN




Part iculars


Less: E l iminat ion o f in t ra company t ransect ion

27(a) Conso l ida ted O p e r a t i n g expense



27.1 Ope ra t i ng expenses


Salaries & al lowances

Staff expenses

Meal a l lowance crew (Overseas)

Crew layover (Overseas)

Pension expenses

Income tax on salary

Office cont ingenc ies

General expenses

Aud i tors ' fee

HR & other consu l tancy expenses

Director's h o n o u r i u m

Directors ' r emunera t ion

Maintenance & overhaul

Landing, park ing & over f l y ing

Fuel & oil

Material consumed & p rocu remen t

Loss on sale/disposal o f f i xed assets

Aircraft hand l ing

Selling expenses

Commiss ion on passenger sales

Commiss ion on cargo sales

Computer ized reservat ion charge

Passenger & crew expenses

Insurance

Employees wel fare

Advert is ing & pub l i c i t y

Depreciat ion

Aircraft rental (lease & charter cost)

27.2 Opera t ing Expenses

Biman F l ight Ca te r ing Cent re

Cost o f goods sold

Admin is t ra t i ve cost

Financial cost

27.3 Opera t ing Expenses

Biman Poul t ry C o m p l e x

Material consumed

Farm overhead

Admin is t ra t ive expenses

Notes A m o u n t In Taka

Notes 3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

27.3 128 ,972 ,125 | 124,367,241

4 1 , 9 4 2 , 4 3 2 , 2 7 5 4 3 , 9 5 5 , 4 5 2 , 9 0 4

Annex - C 9 8 4 , 2 2 5 , 5 8 9 915 ,635 ,907

4 0 , 9 5 8 , 2 0 6 , 6 8 6 4 3 , 0 3 9 , 8 1 6 , 9 9 7

27.4

4 0 , 9 5 8 , 2 0 6 , 6 8 6

181 ,212 ,451

4 3 , 0 3 9 , 8 1 6 , 9 9 7

147 ,689 ,372

4 1 , 1 3 9 , 4 1 9 , 1 3 7 4 3 . 1 8 7 , 5 0 6 . 3 6 9

2 ,903 ,652 ,868 2,496,967,37.1

516.61 1,619 4 7 0 , 7 3 7 , 8 6 6

8 2 4 . 6 9 4 , 0 9 6 738 ,182 ,325

2 0 4 , 0 3 9 , 9 9 2 202 ,379 ,682

6 6 3 , 9 5 2 , 3 4 8 165,332,71 7

147 ,506 ,022 160,582,131

1 ,775,195,862 797 ,123 ,032

292 ,790 ,381 262 ,228 ,599

6 7 7 , 2 2 2 535 ,000

5,31 1,725 5,798,966

1,200,000 1,200,000

1,557,274 1,758,935

2 ,899 ,373 ,676 2 ,818 ,948 ,750

3 ,093 ,631 ,025 3 ,358,697,061

1 2 , 1 7 8 , 5 3 2 , 8 6 4 16 ,861 ,994 ,887

4 6 9 , 7 6 1 , 5 7 4 4 3 2 , 2 2 2 , 5 0 0

- 835,1 1 2

1 ,690 ,007 ,846 1,466,693,499

2 0 5 , 8 0 4 , 0 7 7 1 ,140,771,089

1 ,943 ,972 ,866 1,671,784,342

16 ,767 ,464 24 ,468 ,373

2 ,113 ,860 ,655 1,974,549,21 1

2 ,012 ,830 ,270 1 ,652,258,474

594,1 13 ,250 789,81 1,277

1 5 5 , 7 1 1 , 5 1 9 267 ,337 ,321

3 5 , 5 2 1 , 8 7 7 31 ,002 ,842

3 ,276 ,323 ,837 3 ,018,663,922

2 ,860 ,051 ,750 2 ,204,339,795

4 0 . 8 8 3 , 4 5 3 , 9 5 8 4 3 , 0 1 7 . 2 0 5 , 0 7 9

8 3 0 , 8 2 1 , 1 8 7 738 ,864 ,614

9 7 , 6 7 4 , 0 1 9 73 ,538 ,568

1,510,986 1,477,402

9 3 0 , 0 0 6 , 1 9 2 8 1 3 , 8 8 0 . 5 8 4

7 9 , 3 5 6 , 9 2 0 84 ,207 ,537

3 2 , 8 8 3 , 5 4 6 28,71 1,784

1 6 , 7 3 1 , 6 5 9 1 1,447,920

1 2 8 , 9 7 2 , 1 2 5 124 ,367 ,241

27.4 Operat ing expenses

Sabre Travel N e t w o r k (Bangladesh) L im i t ed

Tn ^ SvC o st of Services 1 33 .731 .831 106.638.6:

ACNABIN





General and Admin i s t r a t i ve Expenses

Market ing Expenses

28 Non-Ope ra t i ng Revenue



Biman Fl ight Cater ing Centre

28(a) Conso l ida ted N o n - o p e r a t i n g revenue


Sabre Travel Network (Bangladesh) L imi ted

28.1 Non-Ope ra t i ng Revenue


Exchange gain (Net)

Rent col lect ion

Bank Interest

Other Non-opera t ing Income

Interl ine Gain

28.1

3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

4 6 . 2 7 8 , 3 6 5

1,202,255

39 ,737,781

1,312,892

1 8 1 , 2 1 2 , 4 5 1 1 4 7 , 6 8 9 , 3 7 2

3 9 0 , 3 2 6 , 0 7 6

35 ,362 ,671

58 ,797 ,581

295 ,221 ,801

3'^,267,005

57 ,683,053

4 8 4 , 4 8 6 , 3 2 8 3 8 8 , 1 7 1 , 8 5 9

4 8 4 , 4 8 6 , 3 2 8

12 ,607 ,985

388 ,171 ,859

14 ,758 ,290

4 9 7 . 0 9 4 . 3 1 3 402,930.14 .9

1 1 6 , 0 1 0 , 3 1 6

1 1 5 ,893,810

147 ,824 ,912

9 ,189 ,193

1,407,845

15 ,716,133

1 14,375,475

157 ,658 ,643

696 ,435

6,775,1 15

3 9 0 , 3 2 6 , 0 7 6 2 9 5 , 2 2 1 . 8 0 1

31


Chartered Account ant s Ch ar t e r ed Accou n t an t s

„ . , A m o u n t In Taka Part iculars Notes

3 0 . 0 6 . 2 0 1 6 3 0 . 0 6 . 2 0 1 5

29 Non-ope ra t i ng Expenses


Biman Poultry Complex

Biman Flight Cater ing Centre

29.1 3 ,199 ,874 ,827 199,434,21 7

3 , 1 9 9 , 8 7 4 , 8 2 7 1 9 9 , 4 3 4 , 2 1 7

29(a) Conso l ida ted N o n - o p e r a t i n g expense

Biman Bangladesh Air l ines L imi ted 3 ,199 ,874 ,827 199 ,434 ,217

Sabre Travel Network (Bangladesh) L imi ted - 94,412

3 , 1 9 9 , 8 7 4 , 8 2 7 1 9 9 , 5 2 8 , 6 2 9

29.1 Non-ope ra t i ng expenses


Exchange Loss (Net) 4 5 1 , 3 8 6 , 1 6 5 196,527,401

Provision created fo r obsolsence o f stock and bad debts 2 ,138 ,790 ,657 45 ,882

FIM Loss 4 3 , 5 6 6 1,899,973

Loss on sale/disposal o f Non Current Asset (Fig.

30.06.201 5 Restated) 1 2 5 , 0 3 9 , 7 8 2 750 ,000

Loss on sale/disposal o f Non Currernt Asset (Non-

operat ional assets) 4 8 4 , 6 1 4 , 6 5 8 209,961

3 , 1 9 9 , 8 7 4 . 8 2 7 1 9 9 , 4 3 4 , 2 1 7

Prior year res ta tment

According to BFRS 5, any a m o u n t impa i red f r o m carry ing a m o u n t o f held fo r sale shall be charged to s ta tement

of p ro f i t or loss. Previously it was charged under Other Comprehens ive income and this year restated

accordingly.

29.2

Before restate balance as on 30 .06 .201 5 198 ,684 ,217

Ad jus tment 750 ,000

After restate balance as on 30 .06 .201 5 199 ,434 ,217

Provision created f o r obso l sence o f s tock and bad debts

Bad debt prov is ion f o r m o t o r cycle and house bu id ing 2 ,016 ,277 -

Bad debt prov is ion f o r advance to externa l parties 8 0 , 3 8 3 , 1 4 2 -

Provision of Spares and Stores 1 ,906 ,267 ,078 -

Provision for i tems in t rans i t 9 2 , 4 4 6 , 7 7 4 -

Bad debt prov is ion fo r unrea l ized f u n d at karachi s tat ion 57 ,677 ,385 -

Others - 46 ,882

2 , 1 3 8 , 7 9 0 , 6 5 7 4 6 , 8 8 2

Interest Expenses

On loan f r o m GoB fo r VRS 1 4 5 , 0 5 0 , 0 0 0 145 ,050 ,000

The City Bank Ltd 6 , 7 8 5 , 5 0 0 -Standard Chartered Bank 1 2 ,325 ,194 -Eastern Bank Ltd 6 ,705 ,417 -

On loan f r o m JP Morgan 98 ,848 ,041 85 ,051 ,626

On PDP loan f r o m SCB ( for 1 st & 2nd aircrafts) 1 2 3 , 7 7 0 , 2 7 6 153,562,770

On Junior loan f r o m SCB (for 3rd & 4 th aircrafts) 2 2 5 , 9 2 8 , 7 8 6 258 ,749 ,399

On PDP loan f r o m Sonali Bank (UK) (3rd & 4 th 777-300ER) 75 ,122 ,003 15 ,189 ,858

On senior loan f r o m TD Bank 1 56,1 81 ,562 124 ,578 ,620

8 5 0 , 7 1 6 , 7 7 9 7 8 2 , 1 8 2 , 2 7 3

Other Comprehens i ve Income

Dividend earnings f r o m Sabre Travel Ne twork (Bangladesh) Ltd 3 3 , 5 0 7 , 0 0 0 32,1 30 ,000

3 3 , 5 0 7 , 0 0 0 3 2 , 1 3 0 , 0 0 0

Inves tment in p ro j ec t at cos t (Fund Account )

nvestment reva luat ion Surplus - BFCC 184 ,444 ,136 184 ,444 ,136

ACNABIN


Part iculars Notes

Investment reva luat ion Surplus - BPC



A m o u n t in Taka

3 0 . 0 6 . 2 0 1 6

1 . 6 1 8 . 5 8 5 . 5 3 6

3 0 . 0 6 . 2 0 1 5

1,434 ,141 ,400 I I 1 ,434.141,400 1 . 6 1 8 . 5 8 5 . 5 3 6

3 3

3 4

Project cu r r en t a c coun t


Biman Fl ight Cater ing Centre

17 ,201 ,681

4 3 1 , 1 8 6 , 9 6 5

4 4 8 , 3 8 8 , 6 4 6

( 257 ,645 ,408 )

7 4 2 , 6 4 9 , 4 1 8

Prior year a d j u s t m e n t In S ta tement o f Prof i t or Loss and O the r Comprehens i v e I n come

Biman Bangladesh A i r l i nes L im i t ed

Provision fo r Deferred Revenue under Frequent Flyer

program was created decreasing Unerned Revenue

but that shou ld ef fect w i t h earned revenue in

previous year. Now rec t i f i ed . (Note - 21 & 26.1)

Ad jus tment o f Tax due to excess calculat ion in FY

2014-15 (Note - 24)

Value of A i r f rame was overstated up to f inancia l year

2013-14 due to f l u c tua t i on gain loss o f del ivery

f inanc ing loan t reated as capital expend i tu re as per

company law, rect i f ied in 2 0 1 4 - 1 5 .

Depreciat ion over charged up t o f inancia l year 2 0 1 3 -

14 due to deprec ia t ion charged on exchange

di f f reence, wh i ch was capi ta l ized in the those years

as per company law rect i f ied in 2 0 1 4 - 1 5

Interest on loan f r o m Sonali Bank (UK) fo r i nduc t ion

of 7 3 7 - 8 0 0 a i rcraf t w r o n g l y t reated as revenue

expenses in the FY 2 0 1 3 - 1 4 , rect i f ied in 2 0 1 4 - 1 5 .

17 ,108,986

213 ,198 ,533

2 3 0 , 3 0 7 , 5 1 9

( 1 ,200.067,929)

277 ,669 ,394

54 ,329 ,628

4 8 5 . 0 0 4 . 0 1 0 ( 8 6 8 , 0 6 8 , 9 0 7 )

35 Con t i ngen t L iab i l i t ies

Biman Bangladesh Air l ines owes an a m o u n t o f Tk. 7 ,255 ,264 ,753 to Civil Av ia t ion Au tho t i y o f Banagladesh

(CAAB). This o u t s t a n d i n g represents arrears over the per iod f r o m year 2 0 0 7 onwards . CAAB has imposed

Surcharge and others charges on Biman Bangladesh Air l ines a m o u n t i n g t o Tk. 1 2 , 2 7 1 , 1 4 8 , 2 4 6 . Biman has

refused to accept th is l iab i l i ty as CAAB has not been able t o prov ide any ca lcu lat ion in favour o f the i r c laim

regarding impos i t i on o f surcharge and other charges. Biman has part ia l ly reconci led the ou t s t and ing w i th CAAB

as on 30 June 2016 wh i ch has been agreed, however rema in ing a m o u n t o f surchage and other charges has not

been reconci led and hence be ing t reated as d i spu ted . Therefore Biman has t reated th is as con t ingen t Liabil i ty.

Signed on behal f o f the Board o f Directors as per decis ion in its 1 80 th meet ing held on 29 November 2016 by

Kazi A t ique Rahman, PCS

Company Secretary

V ineet Sood

Chief Financial Off icer

A M Mosadd ique A h m e d

Managing Director & CEO Director

33

ACNABIN Syf"' Shamsul Alam & Co.

Ch ar t e r e d Acco u n t an t s Ch ar t e r e d Acco u n t an t s

Annex ure- A


Statement of Consolidated Profit or Loss and other Com prehensive Income

For the year ended June 3 0 , 2 0 1 6

Particulars BPC BFCC BBA Elimination 0 1 - Ju l - 1 5 t o

3 0 - Jun- 1 6 STNBL Elimination

01 Jul- 1 5 to

3 0 - Jun- l 6

0 1 - Ju l - 1 4 t o

3 0 - Jun- l 5

T ak a T ak a T ak a T ak a T ak a T ak a T ak a T ak a T ak a

Income

Operat ing revenue

Non- operating revenue

1 3 5 ,0 7 3 ,9 9 1

3 5 ,3 6 2 ,6 7 1

1,1 5 4 , 2 4 3 , 7 7 9

5 8 ,7 9 7 ,5 8 1

4 5 , 8 2 7 , 4 6 3 , 2 9 5

3 9 0 , 3 2 6 , 0 7 6

9 8 4 , 2 2 5 , 5 8 9 46,1 3 2 , 5 5 5 , 4 7 6

4 8 4 , 4 8 6 , 3 2 8

3 1 8 , 3 2 4 , 9 0 4

1 2 , 6 0 7 , 9 8 5

- 4 6 , 4 5 0 , 8 8 0 , 3 8 0

4 9 7 , 0 9 4 , 3 1 3

4 6 , 2 3 6 , 5 0 3 , 7 5 4

4 0 2 , 9 3 0 , 1 4 9

Total Income 1 7 0 , 4 3 6 , 6 6 2 1,21 3 ,0 4 1 ,3 6 0 4 6 , 2 1 7 , 7 8 9 , 3 7 1 9 8 4 , 2 2 5 , 5 8 9 4 6 , 6 1 7 , 0 4 1 , 8 0 4 3 3 0 , 9 3 2 , 8 8 9 - 4 6 , 9 4 7 , 9 7 4 , 6 9 3 4 6 , 6 3 9 , 4 3 3 , 9 0 3

Ex penses

Operat ing ex pense

Non- operating ex pense

Interest Ex penses

1 2 8 , 9 7 2 , 1 2 5 9 3 0 , 0 0 6 , 1 9 2 4 0 , 8 8 3 , 4 5 3 , 9 5 8

3 , 1 9 9 , 8 7 4 , 8 2 7

8 5 0 , 7 1 6 , 7 7 9

9 8 4 , 2 2 5 , 5 8 9 4 0 , 9 5 8 , 2 0 6 , 6 8 6

3 , 1 9 9 , 8 7 4 , 8 2 7

8 5 0 , 7 1 6 , 7 7 9

1 8 1 ,2 1 2 ,4 5 1 - 4 1 , 1 3 9 , 4 1 9 , 1 3 7

3 , 1 9 9 , 8 7 4 , 8 2 7

8 5 0 , 7 1 6 , 7 7 9

4 3 , 1 8 7 , 5 0 6 , 3 6 9

1 9 9 , 5 2 8 , 6 2 9

7 8 2 , 1 8 2 , 2 7 3

Total ex penses 1 2 8 , 9 7 2 , 1 2 5 9 3 0 , 0 0 6 , 1 9 2 4 4 , 9 3 4 , 0 4 5 , 5 6 4 9 8 4 , 2 2 5 , 5 8 9 4 5 , 0 0 8 , 7 9 8 , 2 9 2 1 8 1 ,2 1 2 ,4 5 1 - 4 5 , 1 9 0 , 0 1 0 , 7 4 3 4 4 ,1 6 9 ,2 1 7 ,2 7 1

Net Profit / (Loss) for the year 4 1 , 4 6 4 , 5 3 7 2 8 3 , 0 3 5 , 1 6 8 1 ,2 8 3 ,7 4 3 ,8 0 6 - 1 ,6 0 8 ,2 4 3 ,5 1 2 1 4 9 , 7 2 0 , 4 3 8 - 1 ,7 5 7 ,9 6 3 ,9 5 0 2 , 4 7 0 , 2 1 6 , 6 3 2

Other Com prehensive Income

Dividend from STNBL

(Loss)/ Cain due to NCA held for sale

- - 3 3 , 5 0 7 , 0 0 0 - 3 3 , 5 0 7 , 0 0 0 - 3 3 , 5 0 7 , 0 0 0 - -

Total P/ L and OCI --

3 3 , 5 0 7 , 0 0 0 - 3 3 , 5 0 7 , 0 0 0 - - -

Total P/ L and OCI before WPPF provision 4 1 , 4 6 4 , 5 3 7 2 8 3 , 0 3 5 , 1 6 8 1 ,3 1 7 ,2 5 0 ,8 0 6 - 1 ,6 4 1 ,7 5 0 ,5 1 2 1 4 9 , 7 2 0 , 4 3 8 - 1 ,7 5 7 ,9 6 3 ,9 5 0 2 , 4 7 0 , 2 1 6 , 6 3 2

Workers' Profit Participation & Welfare Fund - - 6 7 , 5 2 9 , 9 0 6 - 6 7 , 5 2 9 , 9 0 6 7 ,4 8 6 ,0 2 2 - 75 ,01 5 ,9 2 8 1 3 6 , 4 3 0 , 6 0 2

Total P/ L an O CL before tax 4 1 , 4 6 4 , 5 3 7 2 8 3 , 0 3 5 , 1 6 8 1 ,2 4 9 ,7 2 0 ,9 0 1 - 1 ,5 7 4 ,2 2 0 ,6 0 6 1 4 2 , 2 3 4 , 4 1 6 - 1 ,6 8 2 ,9 4 8 ,0 2 2 2 , 3 3 3 , 7 8 6 , 0 3 0

Current Tax lncom e/ (Ex penses)

Deferred Tax lncom e/ (Ex penses)

- - (2 7 9 , 9 0 3 , 2 9 3 )

1 ,4 1 0 ,7 3 1 ,9 7 3

- (2 7 9 , 9 0 3 , 2 9 3 )

1 ,4 1 0 ,7 3 1 ,9 7 3

(5 1 , 5 0 0 , 0 0 0 )

(2 , 3 7 8 , 2 1 4 )

- (3 3 1 , 4 0 3 , 2 9 3 )

1 ,4 0 8 ,3 5 3 ,7 5 9

(1 8 0 , 8 9 5 , 6 1 2 )

1 ,0 8 8 ,4 4 4 ,8 9 9

Total T ax lncom e/ (Ex penses) - - 1 , 1 3 0 , 8 2 8 , 6 8 0 - 1 , 1 3 0 , 8 2 8 , 6 8 0 (5 3 , 8 7 8 , 2 1 4 ) - 1 ,0 7 6 ,9 5 0 ,4 6 6 9 0 7 , 5 4 9 , 2 8 7

Total P/ L and OCI for the year after tax 4 1 , 4 6 4 , 5 3 7 2 8 3 , 0 3 5 , 1 6 8 2 ,3 8 0 ,5 4 9 ,5 8 1 - 2 , 7 0 5 , 0 4 9 , 2 8 6 8 8 , 3 5 6 , 2 0 2 - 2 , 7 5 9 , 8 9 8 , 4 8 8 3 ,2 4 1 ,3 3 5 ,3 1 7

Accum ulated profit / (loss) brought forward

Dividend paid

2 2 7 , 9 3 8 , 0 4 7 1 , 8 9 6 , 5 1 9 , 8 0 8 (1 3 , 0 2 0 , 5 9 0 , 5 2 7 ) - (1 0 , 8 9 6 , 1 3 2 , 6 7 2 ) 1 8 4 , 7 7 9 , 4 9 4

(6 5 , 7 0 0 , 0 0 0 )

1 8 4 , 7 7 9 , 4 9 4 (1 0 ,8 9 6 ,1 3 2 ,6 7 2 ) (1 4 ,0 0 6 ,1 1 2 ,2 8 8 )

Accum ulated profit / (loss) Transferred 2 6 9 , 4 0 2 , 5 8 4 2 , 1 7 9 , 5 5 4 , 9 7 6 (1 0 , 6 4 0 , 0 4 0 , 9 4 7 ) - (8 , 1 9 1 , 0 8 3 , 3 8 6 ) 2 0 7 , 4 3 5 , 6 9 6 -

(8 , 1 3 6 , 2 3 4 , 1 8 4 ) (1 0 , 7 6 4 , 7 7 6 , 9 7 1 )

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ch a r t e r e d Acco u n t an t s


ch a r t e r e d Acco u n t an t s

Annex ure- B


Details of Consolidated Total Asset s

As at June 3 0 , 2 0 1 6

Part iculars BPC BFCC BBA Elimination 3 0 - Jun- 2 0 1 6 STNBL Elimination Conso Balance 30 - Jun- 201 5


Non Current Asset s

Property, Plant and Equipment 1 , 2 2 7 , 7 1 1 , 9 8 3 2 0 8 , 4 6 5 , 0 2 8 7 1 , 7 9 8 , 5 3 6 , 0 9 5 - 7 3 ,2 3 4 ,7 1 3 ,1 0 6 1 8 , 9 4 4 , 4 3 9 - 7 3 , 2 5 3 , 6 5 7 , 5 4 5 6 6 , 0 4 7 , 6 5 6 , 7 4 1

Capital work in progress - - 1 5 ,9 7 5 ,4 9 3 - 1 5 ,9 7 5 ,4 9 3 - - 1 5 ,9 7 5 ,4 9 3 2 4 7 , 7 1 0 , 2 7 9

Investment in BFCC - - 1 8 4 , 4 4 4 , 1 3 6 1 8 4 , 4 4 4 , 1 3 6 - - - - -

Investment in BPC - - 1 ,4 3 4 ,1 4 1 ,4 0 0 1 , 4 3 4 , 1 4 1 , 4 0 0 - - - - -

Investment in Shares - - 9 , 1 8 0 , 0 0 0 - 9 , 1 8 0 , 0 0 0 - 9 , 1 8 0 , 0 0 0 - -

Intangible Assets - - 5 , 1 4 4 , 6 8 1 , 8 4 3 - 5 , 1 4 4 , 6 8 1 , 8 4 3 1 1 2 , 2 0 4 - 5 , 1 4 4 , 7 9 4 , 0 4 7 5 , 6 2 8 , 4 4 4 , 9 4 8

Deferred Expenditure - - - - - - - - -1 ,227 ,71 1 ,983 2 0 8 , 4 6 5 , 0 2 8 7 8 , 5 8 6 , 9 5 8 , 9 6 8 1,61 8 , 5 8 5 , 5 3 6 7 8 , 4 0 4 , 5 5 0 , 4 4 3 1 9 , 0 5 6 , 6 4 3 9 , 1 8 0 , 0 0 0 7 8 , 4 1 4 , 4 2 7 , 0 8 6 7 1 ,9 2 3 ,8 1 1 ,9 6 8

Non current assets held for sale - - 4 , 8 0 0 , 0 0 4 - 4 , 8 0 0 , 0 0 4 - - 4 , 8 0 0 , 0 0 4 1 2 9 , 8 3 9 , 7 8 6

Total Non Current Asset s 1 ,2 2 7 ,7 1 1 ,9 8 3 2 0 8 , 4 6 5 , 0 2 8 7 8 , 5 9 1 , 7 5 8 , 9 7 2 1 ,6 1 8 ,5 8 5 ,5 3 6 7 8 , 4 0 9 , 3 5 0 , 4 4 7 1 9 , 0 5 6 , 6 4 3 9 , 1 8 0 , 0 0 0 7 8 , 4 1 9 , 2 2 7 , 0 9 0 7 2 , 0 5 3 , 6 5 1 , 7 5 4

Current Asset s

Store & Spares 1 8 , 3 9 4 , 1 3 7 3 1 , 2 7 1 , 8 7 7 2 ,5 5 4 ,5 8 9 ,2 8 1 2 , 6 0 4 , 2 5 5 , 2 9 5 - - 2 , 6 0 4 , 2 5 5 , 2 9 5 4 ,2 4 5 ,1 2 1 ,4 2 1

Sundry Debtors 6 8 , 6 6 5 , 1 2 5 2 ,4 0 4 ,4 0 0 ,1 2 1 3 , 6 4 6 , 4 5 1 , 3 6 2 2 , 4 0 4 , 7 2 3 , 0 0 8 3 , 7 1 4 , 7 9 3 , 6 0 0 9 7 , 2 9 1 , 7 4 0 - 3 , 8 1 2 , 0 8 5 , 3 4 0 3 , 5 5 2 , 2 8 4 , 2 5 3

Advance, Deposit & Prepayment 1 4 3 , 1 4 5 2 6 , 3 8 5 , 3 2 3 1 1 ,0 8 4 ,0 6 8 ,3 5 5 - 1 1,1 1 0 , 5 9 6 , 8 2 3 6 , 5 5 2 , 2 3 9 - 1 1,1 1 7 , 1 4 9 , 0 6 2 7 , 3 9 5 , 2 0 8 , 0 5 9

Advance Income Tax 2 9 , 4 8 5 , 0 6 6 2 4 , 5 2 5 , 3 0 7 1 5 4 , 7 6 7 , 9 6 3 - 2 0 8 , 7 7 8 , 3 3 6 3 9 8 , 8 3 0 , 0 4 9 - 6 0 7 , 6 0 8 , 3 8 5 5 3 0 , 4 1 8 , 2 2 3

Fixed deposit (FDR) 3 7 9 , 4 0 0 , 6 0 8 4 7 4 , 8 9 9 , 6 9 6 6 1 2 , 4 8 9 , 9 0 0 - 1 ,4 6 6 ,7 9 0 ,2 0 4 1 2 , 8 8 2 , 9 9 0 - 1 ,4 7 9 ,6 7 3 ,1 9 4 1 ,4 1 9 ,9 8 0 ,1 3 0

Accrued Interest on FDR 1 3 , 4 5 3 , 3 4 7 1 8 , 9 3 5 , 7 9 9 1 3 , 9 2 1 , 8 4 8 - 4 6 , 3 1 0 , 9 9 4 1,1 3 6 , 0 6 0 - 4 7 , 4 4 7 , 0 5 4 4 6 , 7 5 3 , 1 4 7

Current Account with BPC - - 1 7 ,2 0 1 ,6 8 1 1 7 ,2 0 1 ,6 8 1 - - - - -

Current account with BFCC - - 4 3 1 , 1 8 6 , 9 6 5 4 3 1 , 1 8 6 , 9 6 5 - - - - -

Cash at Bank 1 6 , 7 8 0 , 6 1 9 3 6 ,6 2 4 ,5 4 1 3 , 0 7 6 , 3 1 6 , 5 3 6 - 3 , 1 2 9 , 7 2 1 , 6 9 6 1 6 0 , 9 4 7 , 3 7 3 - 3 , 2 9 0 , 6 6 9 , 0 6 9 2 , 4 8 7 , 1 0 8 , 9 9 9

Cash in hand 1 5 ,0 0 0 - - - 1 5 ,0 0 0 5 5 , 0 0 0 - 7 0 , 0 0 0 7 0 , 0 0 0

Total Current Asset s 5 2 6 , 3 3 7 , 0 4 7 3 , 0 1 7 , 0 4 2 , 6 6 4 2 1 ,5 9 0 ,9 9 3 ,8 9 1 2 ,853 ,1 1 1 ,654 2 2 , 2 8 1 , 2 6 1 , 9 4 8 6 7 7 ,6 9 5 ,4 5 1 - 2 2 , 9 5 8 , 9 5 7 , 3 9 9 1 9 , 6 7 6 , 9 4 4 , 2 3 2

Total Asset s 1 ,7 5 4 ,0 4 9 ,0 3 1 3 , 2 2 5 , 5 0 7 , 6 9 2 1 0 0 , 1 8 2 , 7 5 2 , 8 6 3 4 , 4 7 1 , 6 9 7 , 1 9 0 1 0 0 , 6 9 0 , 6 1 2 , 3 9 5 6 9 6 , 7 5 2 , 0 9 4 - 1 0 1 , 3 7 8 , 1 8 4 , 4 8 9 9 1 , 7 3 0 , 5 9 5 , 9 8 6

Note: The Property, Plant and Equipm ent includes lease hold aircrafts.

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Par t icu lars

I n co m e

O p e r a t i n g revenue

N o n - o p e r a t i n g revenue

T o t a l I n co m e

Ex p e n se s

O p e r a t i n g e x p e n s e

N o n - o p e r a t i n g e x p e n s e

In te res t Expenses

T o t a l e x p e n se s

Net Prof i t / (Loss) for t h e ye a r

O t h e r C o m p r e h e n si ve I n co m e

D ivid en d Ear n i n g s f r o m Sabre T r ave l Net W o r k (BD) Ltd

(Loss ) / g a in d u e t o non c u r r e n t assets he ld f o r sale

T o t a l P/ L a n d O CI

Total P/ L and OCI before WPPF provision

Worke r s ' Prof i t Pa r t i c i pa t i on & We l fa re Fu n d

Total Com prehensive lncom e/ (Loss) before tax

Current Tax lncome/(Expenses)

Deferred Tax lncome/(Expenses)

Total Tax lncome/(Expenses)

Total P/ L and OCI after tax

Accu m u l a t e d p rof i t / ( loss) b r ou g h t f o r war d

cu m u l a t e d p rof i t / ( loss) T r a n sf e r r e d

Bim an Ban g l ad e sh Ai r l in es Lim i t ed

sm ent o f Prof it a n d Lo ss a n d O t h e r C o m p r e h e n si ve I n co m e

For t he ye ar e n d e d 3 0 Ju n e 2 0 1 6



A n n e x u r e - C

BPC BFCC BBA El im in at ion 0 1 - Ju l - 1 5 to

3 0 - Ju n - l 6

0 1 - Ju l - 1 4 t o

3 0 - Ju n - l 5

T a k a T a k a T a k a T a k a T a k a T a k a

1 3 5 , 0 7 3 , 9 9 1 1,1 5 4 , 2 4 3 , 7 7 9 4 5 , 8 2 7 , 4 6 3 , 2 9 5 9 8 4 , 2 2 5 , 5 8 9 4 6 , 1 3 2 , 5 5 5 , 4 7 6 4 5 , 9 8 3 , 6 9 8 , 9 5 6

3 5 , 3 6 2 , 6 7 1 5 8 , 7 9 7 , 5 8 1 3 9 0 , 3 2 6 , 0 7 6 ^ 4 8 4 , 4 8 6 , 3 2 8 3 8 8 , 1 7 1 , 8 5 9

1 7 0 , 4 3 6 , 6 6 2 1 , 2 1 3 , 0 4 1 , 3 6 0 4 6 , 2 1 7 . 7 8 9 , 3 7 1 9 8 4 , 2 2 5 , 5 8 9 4 6 , 6 1 7 , 0 4 1 , 8 0 4 4 6 , 3 7 1 , 8 7 0 , 8 1 5

1 2 8 , 9 7 2 , 1 2 5 9 3 0 , 0 0 6 , 1 9 2 4 0 , 8 8 3 , 4 5 3 , 9 5 8 9 8 4 , 2 2 5 , 5 8 9 4 0 , 9 5 8 , 2 0 6 , 6 8 6 4 3 , 0 3 9 , 8 1 6 , 9 9 7

3 , 1 9 9 , 8 7 4 , 8 2 7 - 3 , 1 9 9 , 8 7 4 , 8 2 7 1 9 9 , 4 3 4 , 2 1 7

2 8 5 0 , 7 1 6 , 7 7 9 8 5 0 , 7 1 6 , 7 7 9 7 8 2 , 1 8 2 , 2 7 3

1 2 8 , 9 7 2 , 1 2 5 9 3 0 , 0 0 6 , 1 9 2 4 4 , 9 3 4 , 0 4 5 , 5 6 4 9 8 4 , 2 2 5 , 5 8 9 4 5 , 0 0 8 , 7 9 8 . 2 9 2 4 4 , 0 2 1 , 4 3 3 , 4 8 7

4 1 , 4 6 4 , 5 3 7 2 8 3 , 0 3 5 , 1 6 8 1 , 2 8 3 , 7 4 3 , 8 0 6 1 , 6 0 8 , 2 4 3 , 5 1 2 2 , 3 5 0 , 4 3 7 , 3 2 8

3 3 , 5 0 7 , 0 0 0 3 3 , 5 0 7 , 0 0 0 3 2 , 1 3 0 , 0 0 0

- - 3 3 , 5 0 7 , 0 0 0 3 3 , 5 0 7 , 0 0 0 3 2 , 1 3 0 , 0 0 0

4 1 , 4 6 4 , 5 3 7 2 8 3 , 0 3 5 , 1 6 8 1 , 3 1 7 , 2 5 0 , 8 0 6 1 , 6 4 1 , 7 5 0 , 5 1 2 2 , 3 8 2 , 5 6 7 , 3 2 8

- - 6 7 , 5 2 9 , 9 0 6 6 7 , 5 2 9 , 9 0 6 1 3 0 , 4 4 1 , 6 3 7

4 1 , 4 6 4 , 5 3 7 2 8 3 , 0 3 5 , 1 6 8 1 , 2 4 9 , 7 2 0 , 9 0 1 1 , 5 7 4 , 2 2 0 , 6 0 6 2 , 2 5 2 , 1 2 5 , 6 9 1

( 2 7 9 , 9 0 3 , 2 9 3 ) - ( 2 7 9 , 9 0 3 , 2 9 3 ) (139 ,1 1 5 ,612)

2 1 , 4 1 0 , 7 3 1 , 9 7 3 1 , 4 1 0 , 7 3 1 , 9 7 3 1 , 0 8 4 , 7 0 3 , 8 9 3

2 1 , 1 3 0 , 8 2 8 , 6 8 0 1 , 1 3 0 , 8 2 8 , 6 8 0 9 4 5 , 5 8 8 , 2 8 1

4 1 , 4 6 4 , 5 3 7 2 8 3 , 0 3 5 , 1 6 8 2 , 3 8 0 , 5 4 9 , 5 8 1 2 , 7 0 5 , 0 4 9 , 2 8 6 3 . 1 9 7 , 7 1 3 , 9 7 2

2 2 7 , 9 3 8 , 0 4 7 1 , 8 9 6 , 5 1 9 , 8 0 8 ( 1 3 , 0 2 0 , 5 9 0 , 5 2 7 ) (1 0 ,896 ,1 3 2 , 6 7 2 ) (1 4 , 0 9 3 , 8 4 6 , 6 4 4 )

2 6 9 , 4 0 2 , 5 8 4 2 , 1 7 9 , 5 5 4 , 9 7 6 ( 1 0 , 6 4 0 , 0 4 0 , 9 4 7 ) ( 8 , 1 9 1 , 0 8 3 , 3 8 6 ) ( 1 0 , 8 9 6 , 1 3 2 , 6 7 2 )

3 6

miiiiiiiiiiiiiiiiii ACN ABI N

C h a C i e r e d A c c o u n t a n t s


D et a i ls o f T o t a l Asse t s

As at Ju n e 3 0 , 2 0 1 6

Syf u l Sh a m s u l A l a m & C o .

C h a r t e r e d A cco u n t a n t s

An n e x u r e - D

Par t icu lars BPC BFCC BBA El im inat ion 3 0 - J u n - 2 0 1 6 30 - Ju n -2015

T a k a T a k a T a k a T a k a T a k a T a k a

N on Cu r r e n t A sse t s

Proper ty , Plan and E q u i p m e n t 1 , 2 2 7 , 7 1 1 , 9 8 3 2 0 8 , 4 6 5 , 0 2 8 7 1 , 7 9 8 , 5 3 6 , 0 9 5 - 7 3 , 2 3 4 , 7 1 3 , 1 0 6 6 6 , 0 2 7 , 2 1 5 , 2 7 0

Cap i ta l w o r k in p rog ress - - 1 5 , 9 7 5 . 4 9 3 - 1 5 , 9 7 5 , 4 9 3 2 4 7 , 7 1 0 , 2 7 9

I n v e s t m e n t in BFCC - - 1 8 4 , 4 4 4 , 1 3 6 1 8 4 , 4 4 4 , 1 3 6 - -I n v e s t m e n t in BPC - - 1 , 4 3 4 , 1 4 1 , 4 0 0 1 , 4 3 4 , 1 4 1 , 4 0 0 - -

I n v e s t m e n t in Share - - 9 , 1 8 0 , 0 0 0 - 9 , 1 8 0 , 0 0 0 9 , 1 8 0 , 0 0 0

I n t a n g i b l e Assets - - 5 , 1 4 4 , 6 8 1 , 8 4 3 - 5 , 1 4 4 , 6 8 1 , 8 4 3 5 , 6 2 8 , 4 4 4 , 9 4 4

De f e r r ed E x p e n d i t u r e - - - - - -1 , 2 2 7 , 7 1 1 , 9 8 3 2 0 8 , 4 6 5 , 0 2 8 7 8 , 5 8 6 , 9 5 8 , 9 6 8 1 , 6 1 8 , 5 8 5 , 5 3 6 7 8 , 4 0 4 , 5 5 0 , 4 4 3 7 1 , 9 1 2 , 5 5 0 , 4 9 3

Non c u r r e n t assets he ld f o r sale - - 4 , 8 0 0 , 0 0 4 - 4 , 8 0 0 , 0 0 4 1 2 9 , 8 3 9 , 7 8 6

T o t a l Non Cu r r e n t A sse t s 1,227,71 1,983 2 0 8 , 4 6 5 , 0 2 8 7 8 , 5 9 1 , 7 5 8 , 9 7 2 1 , 6 1 8 , 5 8 5 , 5 3 6 7 8 , 4 0 9 , 3 5 0 , 4 4 7 7 2 , 0 4 2 , 3 9 0 , 2 7 9

Cu r r e n t A sse t s

Store & Spares 1 8 , 3 9 4 , 1 3 7 3 1 , 2 7 1 , 8 7 7 2 , 5 5 4 , 5 8 9 , 2 8 1 - 2 , 6 0 4 , 2 5 5 , 2 9 5 4 , 2 4 5 , 1 2 1 , 4 2 1

Sundry D e b t o r s 6 8 , 6 6 5 , 1 2 5 2 , 4 0 4 , 4 0 0 , 1 2 1 3 , 6 4 6 , 4 5 1 , 3 6 2 2 , 4 0 4 , 7 2 3 , 0 0 8 3 , 7 1 4 , 7 9 3 , 6 0 0 3 , 5 0 7 , 8 5 1 , 7 3 8

Advance , D e p o s i t & P repayment . 1 4 3 , 1 4 5 2 6 , 3 8 5 , 3 2 3 1 1 , 0 8 4 , 0 6 8 , 3 5 5 - 11,1 1 0 , 5 9 6 , 8 2 3 7 , 3 8 9 , 0 3 2 , 8 5 5

T a x D e d u c t e d at Source 2 9 , 4 8 5 , 0 6 6 2 4 , 5 2 5 , 3 0 7 1 5 4 , 7 6 7 , 9 6 3 2 0 8 , 7 7 8 , 3 3 6 1 7 3 , 4 5 3 , 2 2 3

F ixed d e p o s i t (FDR) 3 7 9 , 4 0 0 , 6 0 8 4 7 4 , 8 9 9 , 6 9 6 6 1 2 , 4 8 9 , 9 0 0 - 1 , 4 6 6 , 7 9 0 , 2 0 4 1 , 2 7 0 , 2 6 2 , 9 0 0

A c c r u e d In te res t o n FDR 1 3 , 4 5 3 , 3 4 7 1 8 , 9 3 5 , 7 9 9 1 3 , 9 2 1 , 8 4 8 - 4 6 , 3 1 0 , 9 9 4 4 5 , 0 5 0 , 6 5 2

C u r r e n t A c c o u n t w i t h BPC - - 1 7 , 2 0 1 , 6 8 1 1 7 , 2 0 1 , 6 8 1 - -

C u r r e n t a c c o u n t w i t h BFCC - - 4 3 1 , 1 8 6 , 9 6 5 4 3 1 , 1 8 6 , 9 6 5 - -Cash at Bank 1 6 , 7 8 0 , 6 1 9 3 6 , 6 2 4 , 5 4 1 3 , 0 7 6 , 3 1 6 , 5 3 6 - 3 , 1 2 9 , 7 2 1 , 6 9 6 2 , 4 6 7 , 7 9 7 , 0 3 4

Cash in h a n d 1 5 , 0 0 0 - - - 1 5 ,000 1 5 , 0 0 0

T o t a l Cu r r e n t Asse t s 5 2 6 , 3 3 7 , 0 4 7 3 , 0 1 7 , 0 4 2 , 6 6 4 2 1 , 5 9 0 , 9 9 3 , 8 9 1 2 , 8 5 3 , 1 1 1 , 6 5 4 2 2 , 2 8 1 , 2 6 1 , 9 4 8 1 9 , 0 9 8 , 5 8 4 , 8 2 3

T o t a l A sse t s 1 , 7 5 4 , 0 4 9 , 0 3 1 3 , 2 2 5 , 5 0 7 , 6 9 2 1 0 0 , 1 8 2 , 7 5 2 , 8 6 2 4 , 4 7 1 , 6 9 7 , 1 9 0 1 0 0 , 6 9 0 , 6 1 2 , 3 9 6 9 1 , 1 4 0 , 9 7 5 , 1 0 2

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Syful Sham sul AlamzyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA & Co.


A n n e x u r e - E


El im in at ion st a t e m e n t o f D e b t o r s a n d Cr e d i t o r s as at Ju n e 3 0 , 2 0 1 6

Par t icu lars BPC BFCC BBA El im inat ion 3 0 - Ju n - 2 0 1 6

T a k a T a k a T a k a T a k a T a k a

BPC Su n d r y D eb t or :

Rece ivab le f r om BFCC

Rece ivab le f r om o u t si d e par t ies

BFC C Su n d r y D eb t o r s

Rece ivab le f r om Bim an

Rece ivab le f r om o u t si d e p ar t ies

BBA Su n d r y D eb t o r

T o t a l Su n d r y D e b t o r s

6 8 , 4 5 9 , 0 6 5

2 0 6 , 0 6 0

2 , 3 3 6 , 2 6 3 , 9 4 3

6 8 , 1 3 6 , 1 7 8

6 8 , 4 5 9 , 0 6 5

- 2 , 3 3 6 , 2 6 3 , 9 4 3

3 , 6 4 6 , 4 5 1 , 3 6 2

6 8 , 6 6 5 , 1 2 5 2 , 4 0 4 , 4 0 0 , 1 2 1 3 , 6 4 6 , 4 5 1 , 3 6 2 2 , 4 0 4 , 7 2 3 . 0 0 8

2 0 6 , 0 6 0

6 8 , 1 3 6 , 1 7 8

3 , 6 4 6 , 4 5 1 , 3 6 2

3 , 7 1 4 , 7 9 3 , 6 0 0

Su n d r y Cr e d i t o r s:

BPC

Liab i l i t ies for g o o d s su p p l i e d

Ad va n ce ag a i n st sa l e s

Liab i l i t ies for o t her f in an ce

BFC C :

Cr e d i t o r f or g o o d s & se r vi ce

A For e ig n Su p p l ie r

B. Local Su p p l i es

Payab le to BPC

O t h e r

C . Local ag e n t s co m m i ss i o n

Acco u n t s p ayab l es & accr u a l s

Cr e d i t o r s for o t her f i n an ce

BBA

Acco u n t s Payab le to p ax m eal Fl ight

O t h e r s

T o t a l su n d r y cr ed i t o r s

4 , 7 1 4 , 0 2 9

4 5 0 , 9 2 7

6 , 7 9 3 , 6 6 7

2 5 , 9 2 4 , 6 5 9

6 8 , 4 5 9 , 0 6 5

3 7 , 9 6 9 , 3 4 8

9 9 6 , 4 6 0

6 5 , 6 2 0 , 8 5 7

1 1 , 1 1 4 , 9 0 7

6 8 , 4 5 9 , 0 6 5

2 , 3 3 6 , 2 6 3 , 9 4 3 2 , 3 3 6 , 2 6 3 , 9 4 3

2 8 , 9 9 7 , 5 5 1 , 6 9 5 -

4 , 7 1 4 , 0 2 9

4 5 0 , 9 2 7

6 , 7 9 3 , 6 6 7

2 5 , 9 2 4 , 6 5 9

3 7 , 9 6 9 , 3 4 8

9 9 6 , 4 6 0

6 5 , 6 2 0 , 8 5 7

1 1 , 1 1 4 , 9 0 7

2 8 , 9 9 7 , 5 5 1 , 6 9 5

1 1 ,958 ,623 2 1 0 , 0 8 5 , 2 9 6 3 1 , 3 3 3 , 8 1 5 ,637 2 , 4 0 4 , 7 2 3 , 0 0 8 2 9 , 1 5 1 , 1 3 6 , 5 4 9

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ch a r t e r e d Acco u n t a n t s

Bim an Bangladesh Air l ines Lim ited

Det ai ls o f Consol id at ed Equit ies & Liabilit ies

As at 3 0 June 2 0 1 6

Annexure- F

Part iculars BPC BFCC BBA Elim inat ion 3 0 - Jun- l 6 STNBL Elim inat ion Co n so Balance 3 0 -

Jun - l 6 3 0 - Jun- l 5

T a k a T a k a T a k a T a k a T a k a T a k a T a k a T a k a T a k a

Equit ies

Share Capit al

Bim an Capit al Account

Equity of Governm ent

Accum ulat ed Prof it / (Loss)

1 , 4 3 4 , 1 4 1 , 4 0 0

2 6 9 , 4 0 2 , 5 8 4

1 8 4 , 4 4 4 , 1 3 6

2,1 7 9 , 5 5 4 , 9 7 6

2 0 , 8 2 4 , 0 9 6 , 4 0 0

101

( 1 0 , 6 4 0 , 0 4 0 , 9 4 7 )

1 , 6 1 8 , 5 8 5 , 5 3 6

2 0 , 8 2 4 , 0 9 6 , 4 0 0

101

(8 , 1 9 1 , 0 8 3 , 3 8 6 )

1 8 , 0 0 0 , 0 0 0

2 0 7 , 4 3 5 , 6 9 6

1 8 , 0 0 0 , 0 0 0

1 0 1 , 6 4 3 , 4 9 1

2 0 , 8 2 4 , 0 9 6 , 4 0 0

101

(8 , 0 8 5 , 2 9 1 , 1 8 1 )

2 0 , 8 2 4 , 0 9 6 , 4 0 0

101

(1 0 , 8 0 1 , 8 9 5 , 1 3 0 )

1 , 7 0 3 , 5 4 3 , 9 8 4 2 , 3 6 3 , 9 9 9 , 1 12 1 0 , 1 8 4 , 0 5 5 , 5 5 4 1,61 8 , 5 8 5 , 5 3 6 1 2 , 6 3 3 , 0 1 3 ,1 1 5 2 2 5 , 4 3 5 , 6 9 6 1 1 9 , 6 4 3 , 4 9 1 1 2 , 7 3 8 , 8 0 5 , 3 2 0 1 0 , 0 2 2 , 2 0 1 , 3 7 1

Non Cont rol l ing interest - - - - - - 1 1 0 , 4 6 3 , 4 9 1 9 9 , 3 6 1 , 9 5 2

T ot a l Share holders' equity 1 , 7 0 3 , 5 4 3 , 9 8 4 2 , 3 6 3 , 9 9 9 , 1 12 1 0 , 1 8 4 , 0 5 5 , 5 5 4 1 , 6 1 8 , 5 8 5 , 5 3 6 1 2 ,6 3 3 ,0 1 3,1 1 5 2 2 5 , 4 3 5 , 6 9 6 1 1 9 , 6 4 3 , 4 9 1 1 2 , 8 4 9 , 2 6 8 , 8 1 1 1 0 , 1 2 1 , 5 6 3 , 3 2 3

Non Cur r en t Liabil i t ies:

Long T e r m Loans

Deferred Liabil it ies

Deferred T ax l iab i l i t ies/ (Assets)

2 1 , 3 4 4 , 7 4 2 2 2 0 , 2 3 6 , 3 1 8

4 2 , 0 3 1 , 3 3 0 , 7 6 1

3 , 8 3 7 , 3 8 7 , 6 5 3

( 2 , 0 6 1 , 0 9 5 , 0 9 7 )

- 4 2 , 0 3 1 , 3 3 0 , 7 6 1

4 , 0 7 8 , 9 6 8 , 7 1 3

(2 , 0 6 1 , 0 9 5 , 0 9 7 )

1 0 , 8 9 3 , 5 2 2

(1 , 6 4 7 , 6 7 3 )

- 4 2 , 0 3 1 , 3 3 0 , 7 6 1

4 , 0 8 9 , 8 6 2 , 2 3 5

(2 , 0 6 2 , 7 4 2 , 7 7 0 )

3 9 , 6 0 9 , 4 6 9 , 9 6 7

3 , 5 8 6 , 8 5 9 , 5 4 6

(6 5 4 , 3 8 9 , 0 1 1 )

T ot a l 2 1 , 3 4 4 , 7 4 2 2 2 0 , 2 3 6 , 3 1 8 4 3 , 8 0 7 , 6 2 3 , 3 1 7 - 4 4 0 4 9 , 2 0 4 , 3 7 7 9 , 2 4 5 , 8 4 9 - 4 4 , 0 5 8 , 4 5 0 , 2 2 6 4 2 , 5 4 1 , 9 4 0 , 5 0 2

Cur r en t liabilit ies

Account s payable & accruals

Un- earned t ransport at ion revenue

Short t erm loans

Cur r en t account with Bim an

WPPF

Provision for T ax at ion

H , 9 5 8 , 6 2 4

1 7 , 2 0 1 , 6 8 1

2 1 0 , 0 8 5 , 2 9 6

4 3 1 , 1 8 6 , 9 6 5

3 1 , 3 3 3 , 8 1 5 , 6 3 7

4 , 0 6 8 , 8 8 1 , 6 7 7

1 0 , 2 2 8 , 8 0 7 , 0 1 9

1 4 0 , 5 5 0 , 7 5 1

4 1 9 , 0 1 8 , 9 0 5

2 , 4 0 4 , 7 2 3 , 0 0 8

4 4 8 , 3 8 8 , 6 4 6

2 9 , 1 5 1 , 1 3 6 , 5 5 0

4 , 0 6 8 , 8 8 1 , 6 7 7

1 0 , 2 2 8 , 8 0 7 , 0 1 9

1 4 0 , 5 5 0 , 7 5 1

4 1 9 , 0 1 8 , 9 0 5

4 2 , 5 6 0 , 3 3 5

8 , 6 8 3 , 8 1 5

4 1 0 , 8 2 6 , 3 9 9

- 2 9 , 1 9 3 , 6 9 6 , 8 8 5

4 , 0 6 8 , 8 8 1 , 6 7 7

1 0 , 2 2 8 , 8 0 7 , 0 1 9

1 4 9 , 2 3 4 , 5 6 6

8 2 9 , 8 4 5 , 3 0 4

2 6 , 0 7 0 , 4 2 1 , 1 7 4

3 , 0 2 1 , 7 4 7 , 6 7 2

9 , 3 5 5 , 6 4 2 , 9 5 6

1 2 0 , 8 3 8 , 3 4 8

4 9 8 , 4 4 2 , 0 1 1

2 9 , 1 6 0 , 3 0 5 6 4 1 , 2 7 2 , 2 6 2 4 6 , 1 9 1 , 0 7 3 , 9 9 0 2 ,8 5 3 ,1 1 1 ,6 5 4 4 4 , 0 0 8 , 3 9 4 , 9 0 3 4 6 2 , 0 7 0 , 5 4 9 - 4 4 , 4 7 0 , 4 6 5 , 4 5 2 3 9 , 0 6 7 , 0 9 2 , 1 6 1

T ot a l Equit ies & Liabil it ies 1 , 7 5 4 , 0 4 9 , 0 3 1 3 , 2 2 5 , 5 0 7 , 6 9 2 1 0 0 , 1 8 2 , 7 5 2 , 8 6 3 4 , 4 7 1 , 6 9 7 , 1 9 0 1 0 0 , 6 9 0 , 6 1 2 , 3 9 5 6 9 6 , 7 5 2 , 0 9 4 - 1 0 1 , 3 7 8 , 1 8 4 , 4 8 9 9 1 , 7 3 0 , 5 9 5 , 9 8 6

3 9

T n i T l l l V l l l l l l l l l l l l ACN ABIN Syful Sh a m su l Al a m & Co .

C h a r e r e d Acco u n t an t s , Ch ar t e r e d Acco u n t an t s

Annexure-G


Details of Equities & Liabi l i t ies

As at 30 June 2 0 1 6

Particulars BPC BFCC BBA E l iminat ion 30-Jun-16 30-Jun-1 5

Taka Taka Taka Taka Taka Taka

Equities

Share Capital

Biman Capital Account

Equity o f Government

Accumula ted Profit/(Loss)

1 ,434 ,141 ,400

2 6 9 , 4 0 2 , 5 8 4

184 ,444 ,136

2,1 79 ,554 ,976

2 0 , 8 2 4 , 0 9 6 , 4 0 0

101

(10 ,640 ,040 ,947 )

1 ,618,585,536

2 0 , 8 2 4 , 0 9 6 , 4 0 0

101

(8 ,191 ,083 ,386 )

2 0 , 8 2 4 , 0 9 6 , 4 0 0

101

(10 ,896 ,132 ,672 )

Share ho lders ' equ i t y 1 ,703 ,543,984 2,363,999,1 12 10 ,184 ,055 ,554 1,61 8 ,585,536 12 ,633,013,1 1 5 9 ,927 ,963 ,829

Long Te rm Liabi l i ty

Long Te rm Loans

Deferred Liabi l i t ies

Deferred Tax l iabi l i t ies/(Assets)

21 ,344 ,742 2 2 0 , 2 3 6 , 3 1 8

4 2 , 0 3 1 , 3 3 0 , 7 6 1

3 ,837 ,337 ,653

(2 ,061 ,095 ,097 )

-

4 2 , 0 3 1 , 3 3 0 , 7 6 1

4 ,078 ,968 ,713

(2 ,061 ,095 ,097 )

3 9 , 6 0 9 , 4 6 9 , 9 6 7

3 ,577 ,522 ,639

(650 ,363 ,124 )

Sub to ta l 21 ,344 ,742 220 ,236 ,31 8 43 ,807 ,623 ,31 7 - 4 4 , 0 4 9 , 2 0 4 , 3 7 7 4 2 , 5 3 6 , 6 2 9 , 4 8 2

Cur rent l iabi l i t ies

Accounts payable & accruals 11 ,958 ,624 2 1 0 , 0 8 5 , 2 9 6 3 1 , 3 3 3 , 8 1 5 , 6 3 7 2 ,404 ,723 ,008 29,1 51 ,136 ,550 2 6 , 0 4 5 , 0 2 6 , 1 6 8

Un-earned t ra r i spor ta t ion revenue - - 4 , 0 6 8 , 8 8 1 , 6 7 7 - 4 , 0 6 8 , 8 8 1 , 6 7 7 3 ,021 ,747,672

Short t e rm loans - - 10 ,228 ,807 ,019 - 10 ,228 ,807 ,019 9 ,355 ,642 ,956

Current account w i t h Biman (Note-31) 17 ,201 ,681 4 3 1 , 1 8 6 , 9 6 5 - 4 4 8 , 3 8 8 , 6 4 6 - -

WPPF - - 140 ,550 ,751 - 140 ,550 ,751 114 ,849 ,383

Provision fo r Taxa t ion - - 419 ,018 ,905 - • 4 1 9 , 0 1 8 , 9 0 5 139 ,115 ,612

Sub to ta l 29 ,160 ,305 6 4 1 , 2 7 2 , 2 6 2 4 6 , 1 9 1 , 0 7 3 , 9 9 0 2,853,1 1 1,654 4 4 , 0 0 8 , 3 9 4 , 9 0 3 38 ,676 ,381 ,791

Tota l Equities & Liabi l i t ies 1 ,754,049,031 3 ,225 ,507 ,692 100 ,182 ,752 ,863 4 , 4 7 1 , 6 9 7 , 1 9 0 1 0 0 , 6 9 0 , 6 1 2 , 3 9 6 9 1 , 1 4 0 , 9 7 5 , 1 0 2

40

ACNABIN

ch a r t e r e d Acco u n t a n t s Syful Shamsul Alam & Co

ch a r t e r e d Acco u n t an

Bim an Ba n g l a d e sh Ai r l in es Lim i t ed

Su m m a r y sch e d u l e o f Proper t y, Plant a n d Eq u i p m e n t a s at 3 0 Ju n e 2 0 1 6

Annex ure H

COST DEPRECIATION

SI. Part iculars Balance as

at 0 1 .0 7 .1 5

Addit ion

during the period

Adjustm ent

during the

period

Total

as at

3 0 . 0 6 . 2 0 1 6

Balance as

at 0 1 .0 7 .1 5

Charge

during the

period

Adjustm ent

during the

period

Total

as at

3 0 . 0 6 . 2 0 1 6

Written

down value

3 0 . 0 6 . 2 0 1 6


A. Land building and hanger

1 Freehold land 2 , 1 6 6 , 5 8 7 , 3 5 0 2 , 1 6 6 , 5 8 7 , 3 5 0 2 , 1 6 6 , 5 8 7 , 3 5 0

2 Leasehold land 1 4 , 5 8 0 , 9 5 2 - - 1 4 , 5 8 0 , 9 5 2 - - - - 1 4 , 5 8 0 , 9 5 2

3 Office building 7 3 4 , 0 9 0 , 8 5 3 - 7 3 4 , 0 9 0 , 8 5 3 1 0 4 , 2 2 1 , 4 7 3 1 3 , 2 1 3 , 6 3 6 - 1 1 7 ,4 3 5 ,1 0 9 6 1 6 , 6 5 5 , 7 4 4

4 Residential building 7 1 ,3 5 9 ,2 1 1 - - 7 1 ,3 5 9 ,2 1 1 6 , 6 0 6 , 1 7 3 1 ,3 5 5 ,8 2 6 - 7 ,9 6 1 ,9 9 9 6 3 , 3 9 7 , 2 1 2

5 Workshop and hanger 2 4 2 , 0 5 1 , 1 0 7 1 3 , 3 9 8 , 2 4 9 - 2 5 5 , 4 4 9 , 3 5 6 3 1 , 8 3 2 , 6 2 2 4 ,6 8 4 ,7 1 1 - 36 ,51 7 ,3 3 3 2 1 8 , 9 3 2 , 0 2 3

6 Biman hanger com plex 1 , 3 7 0 , 0 0 0 , 0 0 0 - - 1 ,3 7 0 ,0 0 0 ,0 0 0 1 9 5 , 7 9 3 , 6 4 4 2 4 , 6 6 0 , 0 0 0 - 2 2 0 , 4 5 3 , 6 4 4 1 ,1 4 9 ,5 4 6 ,3 5 6

Sub- Total (A) 4 , 5 9 8 , 6 6 9 , 4 7 3 1 3 , 3 9 8 , 2 4 9 - 4 , 6 1 2 , 0 6 7 , 7 2 2 3 3 8 , 4 5 3 , 9 1 2 4 3 , 9 1 4 , 1 7 3 - 3 8 2 , 3 6 8 , 0 8 5 4 , 2 2 9 , 6 9 9 , 6 3 7

B. 1 Airframes 5 5 , 3 6 6 , 0 9 1 , 6 6 3 8 ,410 ,1 1 0 , 8 0 0 6 3 , 7 7 6 , 2 0 2 , 4 6 3 7 , 0 2 1 , 8 2 3 , 0 8 0 2 , 4 9 7 , 3 9 7 , 9 8 8 9 , 5 1 9 , 2 2 1 , 0 6 8 5 4 , 2 5 6 , 9 8 1 , 3 9 5

2 Engine 2 ,6 4 3 ,9 4 4 ,6 3 1 - - 2 ,6 4 3 ,9 4 4 ,6 3 1 261 ,1 1 7 ,6 3 6 2 1 1 , 5 1 5 , 5 7 0 - 4 7 2 , 6 3 3 , 2 0 6 2 , 1 7 1 , 3 1 1 , 4 2 5

3 Engine Sent to Ex ternal Parties 2 , 2 1 0 , 3 7 9 , 9 0 7 2 , 6 3 1 , 4 6 4 , 5 5 2 4 , 8 4 1 , 8 4 4 , 4 5 9 9 5 1 , 6 0 0 , 5 2 3 9 5 1 , 6 0 0 , 5 2 3 3 , 8 9 0 , 2 4 3 , 9 3 6

4 C- Ch e ck o f Airbus- 3 1 0 1 22,1 52,1 3 9 1 22,1 52,1 3 9 5 4 , 2 8 9 , 8 3 9 5 4 , 2 8 9 , 8 3 9 6 7 , 8 6 2 , 3 0 0

5 A/ C radio equipm ent 4 ,6 2 2 ,1 71 - - 4 ,6 2 2 ,1 71 2 ,9 3 5 ,9 0 2 3 6 9 , 7 7 3 - 3 ,3 0 5 ,6 7 5 1 ,3 1 6 ,4 9 6

6 Miscellaneous 6 3 , 9 3 5 , 6 1 3 - - 6 3 , 9 3 5 , 6 1 3 3 9 ,7 2 8 ,1 7 7 5,1 1 4 ,8 4 9 - 4 4 , 8 4 3 , 0 2 6 1 9 , 0 9 2 , 5 8 7

Sub- Total <B) 6 0 ,4 1 1 ,1 2 6 ,1 2 4 1 1 ,0 4 1 ,5 7 5 ,3 5 3 7 1 , 4 5 2 , 7 0 1 , 4 7 7 7 , 3 2 5 , 6 0 4 , 7 9 5 3 , 7 2 0 , 2 8 8 , 5 4 2 - 1 1 , 0 4 5 , 8 9 3 , 3 3 7 6 0 , 4 0 6 , 8 0 8 , 1 4 0

C. Operat ing ground equipm ent

1 Engineering equipm ent 1 ,5 8 1 ,9 9 9 ,2 0 1 1 6 , 7 9 8 , 6 5 3 - 1 ,5 9 8 ,7 9 7 ,8 5 4 5 1 2 , 7 1 7 , 8 1 8 7 1 , 6 7 9 , 0 5 2 - 5 8 4 , 3 9 6 , 8 7 0 1 ,0 1 4 ,4 0 0 ,9 8 4

2 Traff ic equipm ent 5 ,7 3 7 ,5 3 9 ,3 4 1 2 1 , 3 3 8 , 8 3 6 - 5 ,7 5 8 ,8 7 8 ,1 7 7 1 , 1 9 1 , 6 9 1 , 0 7 7 1 6 2 , 5 7 6 , 8 5 3 - 1 , 3 5 4 , 2 6 7 , 9 3 0 4 , 4 0 4 , 6 1 0 , 2 4 7

3 MT equipm ent 1 9 8 ,8 3 1 ,3 2 1 2 , 1 1 2 , 4 5 0 - 2 0 0 ,9 4 3 ,7 7 1 1 0 1 , 9 4 6 , 3 9 3 1 9 , 0 7 2 , 9 3 5 - 1 2 1 , 0 1 9 , 3 2 8 7 9 , 9 2 4 , 4 4 3

Sub- Total (C) 7,51 8 ,3 6 9 ,8 6 3 4 0 , 2 4 9 , 9 3 9 - 7 , 5 5 8 , 6 1 9 , 8 0 2 1 , 8 0 6 , 3 5 5 , 2 8 8 2 5 3 , 3 2 8 , 8 4 0 - 2 , 0 5 9 , 6 8 4 , 1 2 8 5 ,4 9 8 ,9 3 5 ,6 7 4

Note: Loan am ount ing to Tk . 8 , 2 0 1 .8 4 8 ,3 3 1 has been included in the writ ten down value of airframes regarding 2 (Two) B7 3 7 - 8 0 0 ER aircrafts. Airframe amount ing to Tk . 4 6 .0 5 5 ,1 3 3 , 0 6 4 has been included lease hold

airframe of 4 (four) B7 7 7 - 3 0 0 ER aircraf ts.


Ch a r t e r e d Acco u n t a n t s Ch a r t e r e d Acco u n t an t s

Annex ure H

COST DEPRECIATION

SI. Part iculars Balance as

at 0 1 .0 7 .1 5

Addit ion

during the period

Adjustm ent

during the

period

Total

as at

3 0 . 0 6 . 2 0 1 6

Balance as

at 0 1 .0 7 .1 5

Charge

during the

period

Adjustm ent

during the

period

Total

as at

3 0 . 0 6 . 2 0 1 6

Written

down value

3 0 . 0 6 . 2 0 1 6


Other ground equipm ent

1 Office furniture 48,1 2 8 , 9 3 6 3 ,0 3 5 ,8 3 8 2 7 3 , 8 8 0 5 0 , 8 9 0 , 8 9 4 29 ,01 5 ,5 7 7 5 ,0 1 0 ,2 5 8 238 ,1 55 3 3 , 7 8 7 , 6 8 0 1 7 , 1 0 3 , 2 1 4

2 Office equipment 1 0 6 , 5 7 0 , 3 2 2 9 ,4 5 4 ,3 8 1 5 1 4 , 1 1 0 1 1 5 , 5 1 0 , 5 9 3 5 7 , 1 7 3 , 6 4 6 1 1 , 3 1 9 , 3 5 0 4 2 2 , 2 8 4 6 8 , 0 7 0 , 7 1 2 4 7 , 4 3 9 , 8 8 2

3 Office electrical fittings 4 6 , 4 4 8 , 5 7 7 8 , 2 4 2 , 5 9 8 - 5 4 ,6 9 1 ,1 75 1 8 , 3 0 1 , 7 7 5 5 ,3 4 7 ,6 6 3 - 2 3 , 6 4 9 , 4 3 8 3 1 , 0 4 1 , 7 3 7

4 House hold furniture 4 8 0 , 7 9 6 - - 4 8 0 , 7 9 6 3 4 4 , 6 0 7 4 8 , 0 8 0 - 3 9 2 , 6 8 7 8 8 , 1 0 9

5 House hold equipment fitt ings 4 4 4 , 8 0 8 9 ,5 0 0 - 4 5 4 , 3 0 8 3 3 1 , 8 6 9 45,1 14 - 3 7 6 , 9 8 3 7 7 , 3 2 5

6 Com m unicat ion material equipment 6 0 , 3 0 8 , 2 1 4 1 9 6 , 5 1 2 1 3 2 ,7 1 1 6 0 , 3 7 2 , 0 1 5 1 8 , 3 0 5 , 5 3 8 2 ,5 6 1 ,7 4 3 2 3 , 4 9 9 2 0 , 8 4 3 , 7 8 2 3 9 , 5 2 8 , 2 3 3

7 Hospital equipm ent 2 , 4 2 8 , 4 2 6 - - 2 , 4 2 8 , 4 2 6 2 , 1 8 8 , 5 8 6 1 0 2 , 2 0 5 - 2 ,2 9 0 ,7 9 1 1 3 7 ,6 3 5

8 Ground training equipment 2 ,533 ,1 31 - - 2 ,533 ,1 31 5 6 9 , 2 8 0 7 1 ,7 0 1 - 6 4 0 ,9 8 1 1,892,1 50

9 Miscellaneous ground equipm ent 1 2 0 , 5 0 6 , 2 2 3 31 1 ,8 4 0 - 1 2 0 , 9 1 8 , 0 6 3 8 8 , 3 3 8 , 2 2 6 1 1,469,1 7 8 - 9 9 , 8 0 7 , 4 0 4 21,1 1 0 , 6 5 9

1 0 Library bool< s 4 , 5 0 5 , 8 8 6 --

4 , 5 0 5 , 8 8 6 3 ,5 7 1 ,0 6 1 4 4 9 , 7 7 2 - 4 , 0 2 0 , 8 3 3 4 8 5 , 0 5 3

1 1 Printing and press equipment 2 4 , 3 6 2 , 6 8 3 - - 2 4 , 3 6 2 , 6 8 3 5 ,7 8 0 ,6 1 2 7 3 0 , 1 4 9 - 6 ,5 1 0 ,7 6 1 1 7 ,8 5 1 ,9 2 2

12 Lift for Head Office 7 ,5 2 5 ,2 0 2 - - 7 ,5 2 5 ,2 0 2 2 ,0 7 6 ,2 8 5 3 5 7 , 4 4 8 - 2 ,4 3 3 ,7 3 3 5 ,0 9 1 ,4 6 9

13 House hold furniture for MD & Directors 3 3 4 , 4 7 5 - - 3 3 4 , 4 7 5 2 6 5 , 5 6 5 3 3 , 4 4 7 - 2 9 9 , 0 1 2 3 5 , 4 6 3

1 4 Catering Equipment 1 6 , 2 8 8 , 9 6 9 - - 1 6 , 2 8 8 , 9 6 9 1 ,9 4 6 ,2 2 4 4 6 1 , 0 6 0 - 2 , 4 0 7 , 2 8 4 1 3 , 8 8 1 , 6 8 5

15 Ground Support Equipment 2 6 3 , 9 4 3 , 3 2 3 1 1 6 , 9 9 9 , 8 1 7 - 3 8 0 , 9 4 3 , 1 4 0 5 ,0 0 7 ,2 0 9 1 0 , 2 5 8 , 2 0 5 - 1 5 ,265 ,41 4 3 6 5 , 6 7 7 , 7 2 6

1 6 Security & Safety Fire Equipment 9 7 , 5 0 0 2 ,6 4 0 ,9 1 1 - 2 ,7 3 8 ,4 1 1 1 ,8 4 0 7 1 ,2 8 1 - 7 3 ,1 2 1 2 , 6 6 5 , 2 9 0

Sub- Total (D) 7 0 5 ,0 0 7 ,4 7 1 1 4 0 , 8 9 1 , 3 9 7 9 2 0 ,7 0 1 8 4 4 , 9 7 8 , 1 6 7 2 3 3 , 2 1 7 , 9 0 0 4 8 , 3 3 6 , 6 5 3 6 8 3 , 9 3 8 2 8 0 , 8 7 0 , 6 1 6 5 6 4 , 1 0 7 , 5 5 2

E. Spare rotables 2 ,5 4 2 ,8 1 3 ,9 8 7 2 5 9 ,4 1 0 ,1 75 2 , 8 0 2 , 2 2 4 , 1 6 2 1 , 4 8 6 , 8 9 3 , 0 7 6 2 1 6 , 3 4 5 , 9 9 3 1 , 7 0 3 , 2 3 9 , 0 6 9 1 ,0 9 8 ,9 8 5 ,0 9 3

Sub- Total (D+ E) 3 , 2 4 7 , 8 2 1 , 4 5 8 4 0 0 , 3 0 1 , 5 7 2 9 2 0 ,7 0 1 3 , 6 4 7 , 2 0 2 , 3 2 9 1 ,7 2 0 ,1 1 0 ,9 7 6 2 6 4 , 6 8 2 , 6 4 6 6 8 3 , 9 3 8 1 ,9 8 4 ,1 0 9 ,6 8 5 1 ,6 6 3 ,0 9 2 ,6 4 5

Grand- Total (A+ B+ C+ D + E) 7 5 , 7 7 5 , 9 8 6 , 9 1 8 1 1 ,4 9 5 ,5 2 5 ,1 13 9 2 0 ,7 0 1 8 7 , 2 7 0 , 5 9 1 , 3 3 0 1 1 ,1 9 0 ,5 2 4 ,9 7 1 4 ,2 8 2 ,2 1 4 ,2 0 1 6 8 3 , 9 3 8 1 5 ,4 7 2 ,0 5 5 ,2 3 4 7 1 , 7 9 8 , 5 3 6 , 0 9 5

42

ACNABIN Syful Sh am su l Alam & Co .

Char t ered Account ant s Char t ered Account ant s

Annexure I


Sum m ary schedule of Intangible Assets as at 3 0 June 2 0 1 6

SI.

Cost Am ort iz at ion

Part iculars Balance as on

3 0 / 0 6 / 1 5

Addit ion

During the

Period

Adjustm ent

During the

period

Balance as on

3 0 / 0 6 / 1 6

Balance as on

3 0 / 0 6 / 1 5

Charge during

the year

Adjustm ent

During the

period

Balance as on

3 0 / 0 6 /16

Written down

Value as on

3 0 / 0 6 /16


GOODWILL 483,31 5,937 _ 483,31 5,937 _

ROUTE 5,072,851,401 - - 5 ,072,851,401 - - - - 5,072,851,401

COMPUTER SOFTWEAR 85,890,055 1 1,254,853 -

97,144,908 13,612,449 - - 13,612,449 66.985.322

a Quick Accounting Software 17,651,921 - - 17,651,921 3,352,359 3,530,384 - 6,882,743 10,769,178

b Revenue Management System 30,458,700 - -

30,458,700 3,045,870 3,045,870 - 6,091,740 24.366,960

c Entertainment Bill for PRA System 232,681 - -

232,681 46,536 46,536 - 93,072 139,609

d Revenue Intregity Software System 19,842,542 - -

19,842,542 3,845,192 3,968,508 -

7,813,701 12,028,841

e RAPID Passenger System 13,219,875 - - 13,21 9,87S 2,643,975 2,643,975 - 5,287.950 7,931,925

f CRA System Software 2,066,337 - -

2,066,337 413,267 413,267 - 826,535 1,239,802

g Time Attendance System 765,000 - - 765,000 127,500 1 53,000 - 280,500 484,500

h Crew Management System 1,652,999 1 1,254,853 - 12,907,852 1 37,750 2,745,596 - 2,883,346 10,024,506

Grand Total (1 + 2 + 3) 5,642,057,393 1 1,254,853 483,31 5,937 5,169,996,309 13,612,449 16,547,137 - 30,1 59,586 5,139,836,723

43

ACNABIN




An n e x u r e J

Bim an Ban g l ad esh Ai r l in es Lim i t ed

Sum m ary sch e d u l e o f n o n - cu r r e n t a sse t s held f or sale a n d d i sco n t i n u e d o p e r a t i o n s as at 3 0 Ju n e 2 0 1 6

SI.

Book Va l u e

Part iculars Nat ure o f b ook

value Balance as

at 0 1 . 0 7 . 1 5

Ad d i t ion

d u r in g t he

p er iod

Ad j u st m e n t

d u r in g t he

p er iod

Balance

as at

3 0 . 0 6 . 2 0 1 6

T a k a T a k a T a k a T a k a

Airf ram es

DC-1 0-30 (Reg # S - 2 ACQ)

DC-10-30 (Reg # S - 2 A C P )

T e n d e r va lue

Fair m ar k e t value

4 , 8 0 0 , 0 0 0

5,1 5 0 , 0 0 0

- 4 , 7 9 9 , 9 9 9

3 5 0 , 0 0 0

1

4 , 8 0 0 , 0 0 0

Sub total 9 , 9 5 0 , 0 0 0 5 , 1 4 9 , 9 9 9 4 , 8 0 0 , 0 0 1

Engine

DC-10-30 ( E n g # 5 1 7 8 1 9 )

DC-1 0-30 ( E n g # 4 5 5 8 7 3 )

DC-10-30 (Eng # 51 761 5)

Sub total

Grand- Total (1 + 2 )

W r i t t e n d o w n va lue



8 , 0 6 6 , 4 6 9

7 , 7 1 6 , 4 9 9

1 0 4 , 1 0 6 , 8 1 7

8 , 0 6 6 , 4 6 8

7 , 7 1 6 , 4 9 8

1 0 4 , 1 0 6 , 8 1 6

1 1 9 , 8 8 9 , 7 8 6 1 1 9 , 8 8 9 , 7 8 3 3

1 2 9 , 8 3 9 , 7 8 6 1 2 5 , 0 3 9 , 7 8 2 4 , 8 0 0 , 0 0 4

44

ACNABIN


Syful Sham sul AlamzyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA & Co.


Bi m an Pou l t r y C o m p l e x

(A Uni t o f Bi m an Ba n g l a d e sh Ai r l i n e s Li m i t e d )

Su m m a r y Sch e d u l e o f Pr op er t y, Plant a n d Eq u i p m e n t a s at 3 0 Ju n e 2 0 1 6

A n n e x u r e K

C o s t D e p r e ci a t i o n

SL Par t i cu l a r s Ba l a n ce as

at 0 1 . 0 7 . 1 5

Ad d i t i o n

d u r i n g t h e

p e r i o d

A d j u s t m e n t

d u r i n g t h e

p e r i o d

T o t a l a s at

3 0 . 0 6 . 2 0 1 6

Ba l an ce a s

at 0 1 . 0 7 . 1 5

C h a r g e

d u r i n g t h e

p e r i o d

A d j u s t m e n t

d u r i n g t h e

p e r i o d

T o t a l a s at

3 0 . 0 6 . 2 0 1 6

T a k a T a k a T a k a T a k a T a k a T a k a T a k a T a k a

1 La n d a n d La n d D e ve l o p m e n t 1 , 1 8 0 , 0 0 0 , 0 0 0 1 , 1 8 0 , 0 0 0 , 0 0 0

2 Bu i ld in g a n d C o n st r u ct i o n 2 7 , 8 2 9 , 9 9 9 . 0 0 - - 2 7 , 8 2 9 , 9 9 9 3 , 6 5 0 , 8 2 2 5 1 1 , 5 5 8 - 4 , 1 6 2 , 3 8 0

3 M a ch i n e r y a n d Eq u i p m e n t 1 2 , 4 6 8 , 5 0 0 3 9 3 , 1 7 5 - 1 2 , 8 6 1 , 6 7 5 7 , 8 5 8 , 0 9 3 1 , 2 4 4 , 2 6 7 - 9 , 1 0 2 , 3 6 0

4 Fu r n i t u r e a n d Fi x t u r e 4 9 6 , 3 0 4 . 0 0 -- 4 9 6 , 3 0 4 3 7 9 , 9 6 7 4 9 , 6 3 0 - 4 2 9 , 5 9 7

5 M ot or V e h i cl e s 7 , 6 3 2 , 9 9 0 -- 7 , 6 3 2 , 9 9 0 3 , 0 5 5 , 2 4 2 7 2 5 , 1 3 4 - 3 , 7 8 0 , 3 7 6

6 Ro a d a n d Cu l ve r t 1 0 2 , 6 1 0 --

1 0 2 , 6 1 0 1 0 2 , 6 1 0 - - 1 0 2 , 6 1 0

7 Pond 2 , 4 9 8 , 2 8 3 - - 2 , 4 9 8 , 2 8 3 - - -

8 Fr e e z e r Ro o m 2 , 9 2 4 , 0 8 3 - - 2 , 9 2 4 , 0 8 3 1 1 9 , 4 0 1 2 8 6 , 5 6 0 - 4 0 5 , 9 6 1

9 D e e p T u i b o a i l - 1 , 9 2 4 , 3 2 9 - 1 , 9 2 4 , 3 2 9 - 5 5 , 0 0 6 - 5 5 , 0 0 6

Su b - T o t a l 1 , 2 3 3 , 9 5 2 , 7 6 9 2 , 3 1 7 , 5 0 4 - 1 , 2 3 6 , 2 7 0 , 2 7 3 1 5 , 1 6 6 , 1 3 5 2 , 8 7 2 , 1 5 5 - 1 8 , 0 3 8 , 2 9 0

1 Li ve st o ck

Gr a n d T o t a l

8 , 6 9 5 , 0 0 0 7 8 5 , 0 0 0 9 , 4 8 0 , 0 0 0

1 , 2 4 2 , 6 4 7 , 7 6 9 3 , 1 0 2 , 5 0 4

Wr i t t en d o w n

va l u e

3 0 . 0 6 . 2 0 1 6

T a k a

1 , 1 8 0 , 0 0 0 , 0 0 0

2 3 , 6 6 7 , 6 1 9

3 , 7 5 9 , 3 1 5

6 6 , 7 0 7

3 , 8 5 2 , 6 1 4

2 , 4 9 8 . 2 8 3

2 , 5 1 8 , 1 2 2

1 , 8 6 9 , 3 2 3

1 , 2 1 8 , 2 3 1 , 9 8 3

9 , 4 8 0 , 0 0 0

1 , 2 4 5 , 7 5 0 , 2 7 3 1 5 , 1 6 6 , 1 3 5 2 , 8 7 2 , 1 5 5 1 8 , 0 3 8 , 2 9 0 1 , 2 2 7 , 7 1 1 , 9 8 3

N o t e : Fr u i t a n d w o o d e n t r e e s a r e n o t r e co g n i z e d a s p e r t h e p r o vi si o n o f BAS - 4 1 .

4 5

«

Syful Sham sul Alam & Co .


A n n e x u r e L

Bi m a n Fl ig h t C a t e r i n g C e n t r e (BFCC)

(A Uni t o f Bi m an Ba n g l a d e sh Ai r l i n e s Li m i t e d )

Su m m a r y Sch e d u l e o f Pr op er t y, Plant a n d Eq u i p m e n t a s at 3 0 Ju n e 2 0 1 6

C o s t D e p r e ci a t i o n Wr i t t en d o w n

va l u e

3 0 . 0 6 . 2 0 1 6

SL Par t i cu l a r s Ba l a n ce as

at 0 1 . 0 7 . 1 5

Ad d i t i o n

d u r i n g t h e

o e r i o d

A d j u s t m e n t

d u r i n g t h e

o e r i o d

T o t a l a s at

3 0 . 0 6 . 2 0 1 6

Ba l an ce a s

at 0 1 . 0 7 . 1 5

C h a r g e

d u r i n g t h e

p e r i o d

A d j u s t m e n t

d u r i n g t h e

o e r i o d

T o t a l a s at

3 0 . 0 6 . 2 0 1 6

Wr i t t en d o w n

va l u e

3 0 . 0 6 . 2 0 1 6

T a k a T a k a T a k a T a k a T a k a T a k a T a k a T a k a T a k a

1 Bui ld ing a n d I m p r o ve m e n t s 1 1 7 , 5 9 7 , 8 5 1 _ _ 1 1 7 , 5 9 7 , 8 5 1 1 6 , 7 9 6 , 5 6 7 2,1 1 7 , 0 7 7 1 8 , 9 1 3 , 6 4 4 9 8 , 6 8 4 , 2 0 7

2 M a ch i n e r y a n d Eq u i p m e n t 1 0 3 , 0 4 4 , 5 4 6 7 , 2 0 9 , 4 1 8 - 1 1 0 , 2 5 3 , 9 6 4 1 9 , 6 0 4 , 4 4 5 5 , 1 9 4 , 0 1 7 - 2 4 , 7 9 8 , 4 6 2 8 5 , 4 5 5 , 5 0 2

3 M ot or T r a n sp o r t a n d C SE 6 0 , 7 6 4 , 5 6 8 - - 6 0 , 7 6 4 , 5 6 8 3 1 , 6 8 6 , 8 5 5 5 , 9 1 0 , 6 6 9 - 3 7 , 5 9 7 , 5 2 4 2 3 , 1 6 7 , 0 4 4

4 Fu r n i t u r e & Fi x t u r e 3 , 0 2 3 , 4 8 4 5 3 8 , 3 2 0 -

3 , 5 6 1 , 8 0 4 2 , 0 7 0 , 8 9 3 3 3 2 , 6 3 6 - 2 , 4 0 3 , 5 2 9 1 , 1 5 8 , 2 7 5

Gr a n d T o t a l 2 8 4 , 4 3 0 . 4 4 9 7 , 7 4 7 , 7 3 8 - 2 9 2 , 1 7 8 , 1 8 7 7 0 , 1 5 8 , 7 6 0 1 3 , 5 5 4 , 3 9 9 - 8 3 , 7 1 3 , 1 5 9 2 0 8 , 4 6 5 , 0 2 8

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Char te red Accoun tan t s

Syful Sh am su l Alam & Co .

Char te red Accountan ts

Sabre Travel Network (Bangladesh) Limited

(A subsidiary of Biman Bangladesh Airlines Limited)

Schedule Of Property, Plant and Equipment as at June 3 0 , 2 0 1 6

Annexure M

SL Particulars Balance as

at 0 1 .0 7 .1 5

Cost Depreciation

Addition

during the

period

Adjustment

during the

period

Total as at

3 0 .0 6 .2 0 1 6

Balance as

at 01.07.1 5

Addition

during the

Adjustment

during the

period

Total as at

3 0 .0 6 .2 0 1 6

Written down

value

3 0 .0 6 .2 0 1 6

Taka Taka Taka Taka Taka Taka Taka Taka Taka

1 C o m p u t e r e q u i p m e n t 7 9 , 1 5 7 , 2 5 7 1 2 , 4 9 2 , 2 3 0 2 , 4 5 8 , 8 8 7 8 9 , 1 9 0 , 6 0 0 6 0 , 1 4 1 , 1 4 2 1 3 , 6 6 5 , 5 8 6 2 , 4 3 4 , 7 5 9 7 1 , 3 7 1 , 9 6 9 1 7 , 8 1 8 , 6 3 1

2 C o m m u n i c a t i o n e q u i p m e n t 1 , 1 1 4 , 2 3 0 1 6 , 4 8 4 1 0 9 , 3 7 8 1 , 0 2 1 , 3 3 6 9 3 7 , 8 4 5 7 0 , 5 1 8 9 2 , 9 8 4 9 1 5 , 3 7 9 1 0 5 , 9 5 7

3 O f f i ce f u r n i t u r e 9 2 1 , 5 3 4 - 9 2 1 , 5 3 4 7 3 0 , 0 4 3 6 9 , 3 8 3 - 7 9 9 , 4 2 6 1 2 2 , 1 0 8

4 O f f i ce e q u i p m e n t 2 , 0 6 0 , 1 1 5 2 2 6 , 1 3 3 2 , 2 8 6 , 2 4 8 1 , 3 9 7 , 8 9 3 2 7 8 , 8 4 8

-

1 , 6 7 6 , 7 4 1 6 0 9 , 5 0 7

5 O f f i ce i m p r o v e m e n t s 1 , 5 2 8 , 1 7 8 - 1 , 5 2 8 , 1 7 8 1 , 1 3 2 , 9 2 0 1 0 7 , 0 2 2 - 1 , 2 3 9 , 9 4 2 2 8 8 , 2 3 6

Grand Total

Total at 3 0 Ju n e 2 0 1 5

8 4 , 7 8 1 , 3 1 4 1 2 , 7 3 4 , 8 4 7 2 , 5 6 8 , 2 6 5 9 4 , 9 4 7 , 8 9 6 6 4 , 3 3 9 , 8 4 3 1 4 , 1 9 1 , 3 5 7 2 , 5 2 7 , 7 4 3 7 6 , 0 0 3 , 4 5 7 1 8 , 9 4 4 , 4 3 9 Grand Total

Total at 3 0 Ju n e 2 0 1 5

Grand Total

Total at 3 0 Ju n e 2 0 1 5 7 7 , 5 0 2 , 1 6 5 1 2 , 6 6 6 , 0 9 2 ( 5 , 3 8 6 , 9 4 3 ) 8 4 , 7 8 1 , 3 1 4 5 5 , 1 1 0 , 1 2 3 1 4 , 5 1 9 , 6 5 4 ( 5 , 2 8 9 , 9 3 4 ) 6 4 , 3 3 9 , 8 4 3 2 0 , 4 4 1 , 4 7 1

47

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Ch ar t e r e d Acco u n t an t s

Annexure N

Biman Bangladesh Air l ines l im i t ed

Summary o f Related Party Transact ions

For the year ended 30 June 2 0 1 6

Particulars Relat ionship w i t h Biman Nature o f Transact ion A m o u n t (Tk.)

Receivable f r om Govt, o f Bangladesh

Opening Balance

(Add) During the year

(Less) Received dur ing the year

Loan f rom Govt, o f Bangladesh

Opening Balance


(Less) Payment made dur ing the year

Payable to Govt, o f Bangladesh

(Interest on Loan f r o m Govt.)

Opening Balance


(Less) Payment made dur ing the year

Payable to Padma Oil Company L imi ted

Opening Balance


(Less) Payment made du r i ng the year

Advance to Meghna Oil C o m p a n y L imi ted

Opening Balance

Add During the year

(Less) Received dur ing the year

Loan f rom Sonali Bank (UK) L imi ted

Opening Balance


(Add) Adjustment due to exchange d i f ference

(Less) Payment made du-ing the year

Payable to Civil Av ia t ion A u t h o r i t y

Opening Balance



Payable to Sadharan Bima Corpo ra t i on

(Including Insurance Broker MARSH)

Opening Balance



Owner Credi t Sale

Owner

Owner

Fuel supp l ie r

Fuel supp l ie r

Lender & bor rower

Service p rovid er

Loan Received

Interest on Loan

Fuel purchase on credi t

Advance basis fuel purchase

Loan Received

Credit basis service providing

Insurance service prov ider Insurance Coverage

163,1 55 ,696

92 ,926 ,552

2 5 6 , 0 8 2 , 2 4 8

89 ,732 ,555

166 .349 ,693

4 ,813 ,543 ,075

4 ,813 ,543 ,075

4 ,813 ,543 ,075

1 ,443,997,933

145 ,050 ,000

1 ,589,047,933

1 ,589,047,933

12 ,036 ,411 ,376

5 ,813 ,066 ,032

17 ,849 ,477 ,408

6 ,432 ,156 ,077

1 1,417,321,331

7,796,173

94 ,536 ,690

102,332,863

96 ,938 ,593

5 ,394,270

4 ,131 ,710 ,184

7 ,522 ,604 ,850

28 ,985 ,212

11 ,683 ,300 ,246

11 ,683 ,300 ,246

5 ,375 ,264 ,637

2 ,735 ,664 ,408

8,1 10 ,929,045

1,01 1,760,853

7 ,099 ,168 ,192

165 ,662 ,425

101 ,371 ,805

2 6 7 , 0 3 4 , 2 3 0

165 ,662 ,425

101 ,371 ,805

A C N A BI N


111 Syf u l Sh a m s u l A l a m & C o .


Annex ure O

Biman Bangladesh Air lines limited

Sum m ary schedule of Deferred T ax as at 3 0 June 2 0 1 6

SI. Part iculars Account ing Base T ax Base Tem porary Dif ference T ax Rate Deferred T ax

1 PPE including vehicle 6 7 , 1 0 5 , 8 7 9 , 2 8 9 2 1 , 4 5 2 , 2 5 4 , 5 8 1 4 5 , 6 5 3 , 6 2 4 , 7 0 8 3 5 % 1 5 , 9 7 8 , 7 6 8 , 6 4 8

2 Land 3 , 3 6 1 , 1 6 8 , 3 0 2 4 3 2 , 3 5 6 , 3 6 4 2 , 9 2 8 , 8 1 1 , 9 3 8 1 5 % 4 3 9 , 3 2 1 , 7 9 1

2 C Check , Engine Overhauling 3 , 9 5 8 , 1 0 6 , 2 3 6 3 , 4 7 4 , 7 9 7 , 6 1 9 4 8 3 , 3 0 8 , 6 1 8 3 5 % 1 6 9 , 1 5 8 , 0 1 6

3 Non- Current Assets held for sale 5 , 1 5 0 , 0 0 4 - 5 , 1 5 0 , 0 0 4 1 5 % 7 7 2 , 5 0 1

4 Stores and Spares 2 , 6 0 4 , 2 5 5 , 2 9 5 5 , 3 3 4 , 5 2 0 , 8 4 2 ( 2 , 7 3 0 , 2 6 5 , 5 4 7 ) 3 5 % ( 9 5 5 , 5 9 2 , 9 4 2 )

5 Sundry Debtors 3 , 7 1 4 , 7 9 3 , 6 0 0 4 , 1 0 5 , 0 2 3 , 0 1 7 ( 3 9 0 , 2 2 9 , 4 1 7 ) 3 5 % ( 1 3 6 , 5 8 0 , 2 9 6 )

6 Advance, Deposits and Prepayments 1 1 ,1 1 0 , 5 9 6 , 8 2 3 1 1 , 2 1 2 , 0 8 1 , 7 9 2 ( 1 0 1 , 4 8 4 , 9 7 0 ) 3 5 % ( 3 5 , 5 1 9 , 7 3 9 )

7 Provision for gratuity 6 8 5 , 3 4 7 , 9 7 9 ( 6 8 5 , 3 4 7 , 9 7 9 ) 3 5 % ( 2 3 9 , 8 7 1 , 7 9 3 )

8 Provision for pension 3 , 3 9 3 , 6 2 0 , 7 3 4 ( 3 , 3 9 3 , 6 2 0 , 7 3 4 ) 3 5 % ( 1 , 1 8 7 , 7 6 7 , 2 5 7 )

9 Tax able loss -

1 0 Unabsorbed depreciat ion - 4 5 , 9 8 2 , 2 4 0 , 0 7 3 ( 4 5 , 9 8 2 , 2 4 0 , 0 7 3 ) 3 5 % ( 1 6 , 0 9 3 , 7 8 4 , 0 2 6 )

1 1 Unrealised Foreign Ex change

^ tro/ 1 1

Gain/ (Loss)

Deferred Tax Liability / (Asset) recognised as at 3 0 June 2 0 1 6 through profit and loss (Paragraph 5 8 of BAS 1 2 )

Deferred Tax Liability / (Asset) recognised as at 3 0 June 2 0 1 5 through profit and loss (Paragraph 5 8 of BAS 1 2 )

Deferred (ex pense)/ incom e to be account ed for in 201 5 [1 5 - 1 6 ]

( 2 , 0 6 1 , 0 9 5 , 0 9 7 )

( 6 5 0 , 3 6 3 , 1 2 4 )

1 , 4 1 0 , 7 3 1 , 9 7 3

I

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A n n e x u r e - P

Bim an Ba n g l a d e sh Ai r l in es Lim i t ed

D i scl o su r e u n d e r se ct i o n 186(6) o f t h e C o m p a n i e s Act 1 9 9 4

A s at 3 0 Ju n e 2 0 1 6

Share of net

assets

Cu r r e n t

Asse t s

N o n - cu r r e n t

A sse t s T o t a l A sse t s

Cu r r e n t

Liab i l i t ies

N o n -

cu r r e n t

Uab l l l t l e s

T o t a l

Liab i l i t ies Net Asse t s

30 - Ju n - l 6

Sabre Travel

Network

(Bangladesh)

Limited

2 7 8 , 8 6 5 , 4 0 2 2 0 , 7 0 4 , 3 1 6 2 9 9 , 5 6 9 , 7 1 8 6 3 , 2 4 0 , 5 0 0 1 0 , 8 9 3 , 5 2 2 7 4 , 1 3 4 , 0 2 2 2 2 5 , 4 3 5 , 6 9 6

30 - Ju n - l 5

Sabre Travel

Network

(Bangladesh)

Limited

2 2 1 , 3 9 4 , 4 0 9 2 4 , 4 6 7 , 3 6 2 2 4 5 , 8 6 1 , 7 7 1 3 3 , 7 4 5 , 3 7 0 9 , 3 3 6 , 9 0 7 4 3 , 0 8 2 , 2 7 7 2 0 2 , 7 7 9 , 4 9 4

Share of Net

Profit & Loss

Repor t ing

D at e

N at ure o f

I n ve st m e n t

Co n t r o l l i n g

Power

I n co m e Ex p e n se s T a x

Ex p e n se s

Prof it Af t er

t ax

Sh ar e o f

Prof it

30- Jun - l 6

Sabre Travel

Network

(Bangladesh)

Limited

5-Dec-16 Subs id i a r y 3 3 0 , 9 3 2 , 8 8 9 1 8 8 , 6 9 8 , 4 7 3 5 3 , 8 7 8 , 2 1 4 8 8 , 3 5 6 , 2 0 2 4 5 , 0 6 1 , 6 6 3

30- Jun - l 5

Sabre Travel

Network

(Bangladesh)

Limited

5-Dec-15 Subs id i a r y 2 6 7 , 5 6 3 , 0 8 8 1 5 3 , 7 7 2 , 7 4 9 3 8 , 0 3 8 , 9 9 4 7 5 , 7 5 1 , 3 4 5 3 8 , 6 3 3 , 1 8 6

5 0

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