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FU-WANG FOODS LTD.

House No. 55, Road No. 17, Banani C/A, Dhaka-1213

BALANCE SHEET (UN-AUDITED) AS AT 31 DEC. 2011


(Tk. in '000)

As on As on
Particular's
31 Dec, 2011 30 June, 2011

Fixed Assets 406,821 387,913


Long-term Investment, Loans & Advances 214,939 223,849
Long-term Prepayments & Deferred Costs 7 7
214,946 223,856
621,767 611,769

Current Assets 305,744 297,965


Less: Current Liabilities 210,519 245,131
Net Working Capital 95,225 52,834
Net Assets 716,992 664,603

Financed By:
Shareholders' Equity:
Share Capital 534,336 445,280
Capital Reserve 95,679 95,679
Tax Holiday Reserve 18,245 18,245
Retained Earnings 68,732 105,399

716,992 664,603

Net Asset Value (Adjusted) 13.42 12.44

Arif Ahmed Chowdhury Md. Yasin Miah, ACA


Managing Director Chief Financial Officer
FU-WANG FOODS LTD.
House No. 55, Road No. 17, Banani C/A, Dhaka-1213

PROFIT & LOSS ACCOUNT (UN-AUDITED) FOR THE HALF YEAR ENDED 31 DEC. 2011
(Tk. in '000)

Half Year Ended Second Qurter


Particular's 1st July to 31 1st July to 31 1st Oct to 31 1st Oct to 31
Dec. 2011 Dec. 2010 Dec. 2011 Dec. 2010

TURNOVER 352,820 296157 183,629 165,711

COST AND EXPENSES


Cost of Goods Sold 247,786 205214 137,845 103,484
Administrative Expenses 14,861 14412 7,830 7,238
Selling and Distribution Expenses 10,231 9995 4,959 5,038
Interest Expenses 4,069 3116 2,040 1,512
276,947 232,737 152,674 117,272
-
OPERATING PROFIT 75,873 63,420 30,955 48,439
Add: Non operating income 600 - 300
NET PROFIT BEFORE TEX & WPP 75,873 64,020 30,955 48,739

Less: WPP & WF 3,613 3,049 1,474 2,321


NET PROFIT BEFORE TAX 72,260 60,971 29,481 46,418
Less: Provision for Income Tax 19,871 16,767 8,107 12,765
NET PROFIT AFTER TAX 52,389 44,204 21,374 33,653

EARNING PER SHARE (ADJUSTED) 0.98 1.82 0.40 1.39

Arif Ahmed Chowdhury Md. Yasin Miah, ACA


Managing Director Chief Financial Officer
FU-WANG FOODS LTD.
House No. 55, Road No. 17, Banani C/A, Dhaka-1213

STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)


HALF YEAR ENDED 31 DECEMBER 2011

(Tk. in '000)

SHARE CAPITAL TAX HOLIDAY RETAINED


PARTICULAR'S TOTAL
CAPITAL RESERVE RESERVE EARNINGS
At 01 July 2011 445,280 95,679 18,245 105,399 664,603
Bonus Share 89,056 - - (89,056) -
Net Profit (July'11-Dec.11) - - - 52,389 52,389
At 31 Dec. 2011 534,336 95,679 18,245 68,732 716,992
At 31 Dec. 2010 242,880 100,715 18,245 65,690 427,530

Arif Ahmed Chowdhury Md. Yasin Miah, ACA


Managing Director Chief Financial Officer
FU-WANG FOODS LTD.
House No. 55, Road No. 17, Banani C/A, Dhaka-1213

CASH FLOW STATEMENTS (UN-AUDITED) FOR THE HALF YEAR ENDED 31 DECEMBER 2011

(Tk. in '000)

Half Year ended Half Year ended


Particular's
31 Dec, 2011 31 Dec, 2010

CASH FLOW FROM OPERATING ACTIVITIES:

Collections from turnover and other income 350,369 286,734


Payment for costs and expenses (300,510) (269,542)
49,859 17,192
CASH FLOW FROM INVESTING ACTIVITIES:

Acquisition of fixed assets (29,621) (3,933)

CASH FLOW FROM FINANCING ACTIVITIES:

Issue of share at par/premium - -


Loans Paid (16,299) (6,004)

(16,299) (6,004)

NET CASH INFLOW/(OUT FLOW) FOR THE HALF YEAR 3,939 7,255

Opening cash & bank balances (97,531) (25,914)


Closing cash & bank balances 101,470 33,169
3,939 7,255

Arif Ahmed Chowdhury Md. Yasin Miah, ACA


Managing Director Chief Financial Officer