--

Un-audited Financia! Statementsof

Prime Finance & Investment Limited

As at and for the 1st quarter ended 31 March 2017

Prime Finance & Investment LimitedConsolidated Balance Sheet

As at 31 March 2017

Figures ln Taka

PROPERTY AND ASSETS

CashIn hand (including foreign currencies)Balance with Bangladesh Bank and lts agent bank(including foreign cuffencies)Total Cash

Balance with other banks and financial lnstitutiohsIn BangladeshOutside BangladeshTotal balance with other banks and financial lnstituuons

I'loney at call and on short notice

lnvestmentsGovernmentOftersTotal Investments

Loans, advances and leasesLoans, advancet leases etc.Bills purdased and discountedTotal loans, advances and leases

Fixed assets including premises, furniture and fixturesOther assetsNon - business assetsTotal assets

LIABILITIES AND CAPITAL

LiabilitiesBorrowings from other banks, financlal instjtutions and agents

Deposits and other accountsCufient and other accountsBills payableSavings accounbTerm depositsBearer certificates of depositOfter depositsTotal deposits and otler accounts

other liabilitiesTotal liabilities

Capital/shareholde.s' equityPaid up capitalStatutory reserveRevaluation reserveRetained eaminqsEquiw attributable to shareholders' of the companyNon-controlling interestTotal shareholders' equityTotal liabilities and shareholdeB' equity

OFF.BALANCE SHEEr ITEMSContinsent liabiliUesOther commitmentsTotal off-balance sheet items including contingent liabilities

Net Asset Value per.share (NAV)

3l-Mar-17----TGilAteal-

31-Dec-16(Audited)

360,154,5s22,3s8,186,133

18,617,430,903 18,914,09989L

3,121,899,958 3,299,527,828

a4,Company Secretary

Dhaka, 14 May 2017

3.094,240,241 3,006,390,s33L5,L77,269,527 t5p2zlt3.L4O

l- 2,?--ZiD,1.1,B t l-_2;2e-i;p.;rr'r;rl1 szz,roe,sro I I szz,roe.sro I

| 221,943,7s0 ll zzt,gct,tso II (1.24s.098,401)l I rr.ogz.zoo,sozll2,633,11&689

f--;;;tr--;;;J63,350,956 117,000,000

10.21 ^ .:Tr$,1"**4"*^'A^LJ /t^..,I,ra^- J

Director

138.359,085 L46,452,295

475,62L,473 355,47A,290

f-------ilrlt---;;;1,001,301,574 893,366,521

L4,447,L43,888 14800,363,094

360,047,6572,194,957,126

8,96L,L2932A s,ora,rro;_rn

L7As,4SO,7AA

4Chief Financial Officer

Prime Finance & Investment LimitedConsolidated Profit and Loss AccountFor the 1st quarter ended 31 March 2017

Figures in Taka

31-Mar-17 31-Mar-16

Interest incomeInterest paid on deposits, borrowings etc.Net interest incomeInvestment incomeFees, commission, exchange and brokerageOther operating income

Total operating income (A)

Salaries and other employee benefitsRent, taxes, insurance, electrjcity etc.Legal expensesPo6tage, stamp, telecommunication etc.Stationery, printing, advertisements etc.Nlanaging directo/s salary and feesDirectors' feesAuditors' feesDepreciation and repair of assetsOther expensesTotal operating expenses (B)Profit before provision (C=A-B)

Provision for loans. advances and leasesGeneral provisionSpecjfic provislonProvision for dimlnution in value of investmentTotal provision (D)Total profit before tax (C-D)Provision for taxationCurrentDeferred

Net profit after tax

Attributable toShareholders of the companyNon-controlling interest

Weighted average no. of outstanding shares

Earnings p€r share

+,Chief F-nancial officer

--___G99E994991

(152,332,099)605,730

-osa

(194,741,224)(4,848,27s)

-----27rEi57rF_

---- (drlt

ffiCompany Secretary

Dhaka, 14 May 2017

,"m^* .J Jr*t^,.^, *W:,#

10,506,28121,925

898,646!,417,38L3,900,000

112,00015,813

4,416,9s6

8,445,507397,7t9829,674

1,790,7L03,750,000

128,000L4,375

4,04L,420

Prime Finance & Investment LimitedConsolidated Cash Flow Statement

For the lst quarter ended 31 March 2017

Figures in Taka

31-Mar-17 31-Mar-16A) OPERATING ACTIWIIES

Interest receipbInterest OaymentsFees and commission receiptsDividend receipECapital qains from sale of listed sharesCash payments to employeesCash payments to suppliers and management expensesIncome taxes paldReceipts from other operating activitiesPaymenb for other operatlng activitiesCa6h generated before changes in operating asseb and liabilihbs

Increase/ (decrease) ln operating assets and liabilitiesr

Net loans and advances to customersLoans and deposiE from banks and other depositorsCash generated from operating assets and liabilitiesNet cash from operatlng activities

INVESTING ACTIVTTIES

Acqulsltion of fixed assetsSale of securitiesInvestment in securitiesNet cash from investing activities

FINANCING ACTIWTIESGsh dividend paidNet cash from financi[g activities

D) Net increase/ (decrease) in cash and cash equivalents (A+B+C)

E) Effects of exchange rate changes on cash and cash equivalents

F) Cash and cash equivaleots at beglnning of the period

G) Cash and cash equivalents at end ofthe period (D+E+F)

Cash and cash €quivalents at end of the period repres€nts:Cash in hand (induding foreign currencies)Balance with Bangladesh Bank and its agent bank (including foreign currencies)Balance with other banks and financial institutions

Net operating cash flow per share (NOCFPS)

B)

c)

(4,203,060)196,211,233

(257,316,089)

(2,s91,097)fi9,ao8,677(85,100,024)

(65.307,915t 73,LA7,556

Lt2p49t973

501,930,585

j-i3F6ffi

(496,374,1s1)

1,485,662,9s8

@

138,277,5s7

(2.0e)

2,508,6988,460,580

23,853,058

(21,417,311 (21.,932,831

33,124,054

177,357,449

o6B +-,,,|f$u'!. a;

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oU

Prime Finance & Investment LimitedBalance Sheet

As at 3l March 2017

Figures in Taka

PROPERTY AND ASSETS

CashIn hand (including foreign currencies)Balance with Bangladesh Bank and its agent bank(including forelgn currencies)Total cash

Balance with other banks and financlal institutionsh BangladeshOutside BangladeshTotal balance wlth other banks and financial institutions

Money at call and on short noflceInvestmentsGovernmentOthersTotal investments

Loans, advanc€s and leasesLoans, advances and Leases etc.Bills purchased and discountedTotal loan+ advances and leases

Fixed assets including premises, furniture and fixturesOther asseENon - business assetsTotal assets

LIABILTTIES A D CAPTTAL

LiabilitiesBorrowings from other banks, financial institutions and agents

Deposits and other accountsCunent and other accountsEills payableSavings accountsTerm depositsBearer certificates of depositOLher depositsTotal deposits and other accounts

Other liabilitiesTotal liabllities

capitaUshareholders, equityPaid up capitalStatutory reserveRevaluation reserveRetained eamingsTotal shareholders' equityTotal liabilities and shareholders' equlty

OFF.BALANCE SHEET ITEMSContinqent liabilitiesOther commitmentsTotal off-balance sheet items including contingent liabilities

Net Asset Value per share (NAv)

3l-Mzr-17 31-Dec-10(Un-audited) (Audited)

| 138,277,ss7 | | 146.370,632 |138,332557 t46,430,632

t----t4E ,{'|r---6,aig424,9A3,A94 330,421.855

r -'',*;JT .;;499,928,953 416.230.396

L2,600.6L7.394 t2,945,543.OO3

339,766,U1 342,255,0482,432,872,637 2,s43,878,546

16,436,507,276 16.724-759/A0

2,514,51s,705 2,669,090,183

8,961,129,328 n,oru,rro,)rn

194,779

2.578,307,586 2.503.679.16514,raa,964tt27

927,108,510221,943,750

14.053.952,619

l- Ll---Tn t@1I szz,roa,sro I

| 221,s43,7s0lI (r,+gs,ooz,llgtl

2342,554,657 2.535,795,3s3L6,436,5O7,276 L6,724,759,4AO

63,350.956 117.000.000

^---^.(Company Secretary

Dhaka, 14 Nlay 2017

63.350.956 117.000.000

4Lntet Ftnancrat unraer

/4- rl*.t u--t^*.^r trk,.r ^WPlanagins Director Director

@^rrru,

Interest incomeInterest paid on deposits, borrowings etc.Net interest incomeInvestment lncomeFees, commission, exchanqe and brokerageOther operating income

Total operating incom€ (A)

Salaries and other employee benefitsRent, taxes, insurance, electicity etc.Leqal exDensesPostage, stamp, telecommunication etc.Stationery, printinq, advertisemenb etc.Managinq Directo/s salary and feesDirectors' feesAuditors' feesDepreciation and repair of assetsOther expensesTotal operating expenses (B)Profit before provision (C=A-B)

Provision for loans, advances and leasesGeneral provisionSpecific provisionProvision for diminutlon ln value of lnvestmentTotal provision (D)Total profit beforc tax (C-D)Provision for taxauonCunentDeferred

Net profit after tax

Weighted average no. of outstanding share

Earnings per share

Dhaka, 14 May 2017

Prime Finance & Investment LimitedProfit and Loss Account

For the lst quarter ended 31 March 2017

Officer

Figures in Taka

31-Mar-17 31-Mar-16

_____Ggz4g9aEL

272,9L6.48.3

-i6=o

272,9L6,483

-I6.65tChief

,Financial m,^^-hrr,2y*ffi

a,o7t,5u4,025

786,404980,566

2,100,000112,000

2,964,768

6,238,380369,519768,879

r,709,3332,100,000

128,000

2,63t,438

l- 168pt73b-ll------@,72-,e$f,I (66,72s,84s)ll tcz,,f,g,sza I

| (6.369,329)lr0e17r.585

(150,808.046)71,o90,29t

(187.049,419)

Company Sesetary

Prime Finance & Investment LimitedCash Flow Statement

For the lst quarter ended 31 March 2017

Figures in Taka

31-Mar-17 31-Mar-16A) OPEMTI G ACTIWIIES

Interest receipbInterest paymenbFees and commission receiptsDividend receipECapital gains from sale of listed sharesGsh payments to employeesCash payrnsnts 1s 5Lrprliers and management expensesIncome taxes paidRecelpb from other operating activitiesPayments for other operating activitiesCash generated before changes in openting asse's and lidbitittesIncrease/ (decrease) in operatlng assets and liabilities!Net loans and advances to customersLoans and deposits from banks and other depositorsCash generated from operating assets and liabilitiesNet cash from operating actlvities

INVESTING ACTIVMESAcquisition of fixed assebSale of securitiesInvestment in securitiesIlet cash from investing activities

FINANCING ACTIWIIESCash dividend paidNet cash from financing activities

D) et increase/ (decrease) in cash and cash equivalents (A+B+C)

E) Effiects of exchange rate changes on cash and cash equivalents

F) Cash and cash equivalents at beginning of the period

G) Cash and cash equivalents at end of the Deriod (D+E+F)

Cash and cash equivalents at end of the pe od represents:Cash in hand (including foreign cunencies)Balance with Bangladesh Bank and ib agent bank (includinq foreiqn currencles)Balance with other bank and financial lnstitutions

Net operating cash flow per share (NOCFPS)

B)

c)

(480,s60)196,21t,233

(279.909,789\

(2,408,284.\160,808,677

(115,430.024)(84,179.116) 42,970,369

46A6e,964

476,852,487

-----E6-3J-2r.4-s1

(496,596,372)

1,484,310,595

-----es7ir46

L38,277,557

--_--l!!Ez!,!EL------------63t

60,000t4t,302,992

_____-982.2,4.223_

(1.98)

(179,438,4811,483,5834,350,984

23,853,058(26,t4(2L,417,311

(14,888,128

L4,946,644

1,669,2453,999,934

(16,648,495)(22,758,919)(21,932,831)

33,124,054

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Prime Finance & Investment LimitedSelected Explanatory Notes

As at and for the period ended 31 March 2017

Reporting EntityPrime Finance & Investment Limited is one of the leading Non Banking Financial Institutions, knownfor its diversified financial services. The company was incorporated in the year 1996 as a Public

Limited Company under the Companies'Act, 1994 and licensed by Bangladesh Bank under theFinancial Institutions Act, 1993.

Basis of PreparationThese l"tquarter financial statements are being prepared in condensed form in accordance with therequirements of Bangladesh Accounting Standard (BAS-34) 'Interim Financial Reporting', Securitiesand Exchange Rules 1987, Regulations issued by Bangladesh Bank and other applicable laws and

regulations.

Accounting PoliciesThe accounting policies and method of computation adopted for the preparation of these interimfinancial statements are the same as those applied in preparation of annual financial statements forthe year ended 31 December 2016.

Approval of 1* Quarter reportThese 1"t quarter financial statements for the period ended 31 March 2017 were approved by theBoard of Directors on May 14, 2017.

GeneralThe 1* quarter financial statements for the period ended 31 March 2OL7 arc un-audited. The

comparative figures have been restated and rearranged whenever considered necessary to ensure

comparability with the current financial statements. Figures are rounded-off to the nearest integer.