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BOARD OF DIRECTORS NOTICE OF MEETING
COMPANY INFORMATION PRODUCT DEVELOPMENT & MERCHANDISING MARKETING OPERATIONS HUMAN RESOURCES MANUFACTURING
CHAIRMAN'S STATEMENT DIRECTORS' REPORT
AUDITORS' REPORT BALANCE SHEET
CHANGES IN EQUITY
PROFIT AND LOSS ACCOUNT
CASH FLOW STATEMENT
NOTES TO THE ACCOUNTS
Board of Directors
Mr. Fernando Garcia Restrepo Chairman Present position Group Managing Director, Bata Emerging Markets (WEST) Mr. Rashidul Hasan Independent Director
Previous positions President Director, Bata Indonesia Managing Director, Bata Kenya Managing Director, Bata India Vice President, Wholesale & Marketing, Bata Ltd, Toronto, Canada Managing Director, Bata Bangladesh
Current positions Chairman, Uttara Finance & Investments Ltd. Independent Director, Reckitt Benckiser Bangladesh Ltd. Independent Director, Monno Group of Industries Trustee, Kumudini Welfare Trust of Bangladesh Ltd.
Previous positions Founder Chairman of IDLC the first joint venture leasing company of Bangladesh CEO & Managing Director of IPDC the first joint venture investment company of Bangladesh Director General, Department of Industries of the Republic of Bangladesh
Mr. Rajeev Gopalakrishnan Vice Chairman & Managing Director (Appointed on 28 January 2010)
Mr. Rokanuddin Mahmud Bar-at-law Independent Director
Previous positions Managing Director, Bata Shoe of Thailand Public Company Limited Vice President, Retail Operations, Bata India Limited Vice President, Wholesale Operations, Bata India Limited Sales / Marketing Manager, Bata Limited, Canada Retail Manager, Bata India Limited
Senior Advocate in the Supreme Court and High Court in Bangladesh
Mr. Mike Middleton Director
Current Position CFO, Global Footwear Services Limited, Singapore
Previous positions Deputy Managing Director & Finance Director, Bata India Ltd.
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“B. Dhaka on 24 June 2010. one that’s nurturing and protective. Like a maternal figure. As a brand. or go out for a party. adapting them to the youth market and showing that it is a brand with fashionable products at good value. 2. By order of the Board Tongi. walk. Thursday at 10:30 a. to transact the following business: 2. Notice is hereby given that the 38TH ANNUAL GENERAL MEETING of Bata Shoe Co. both while they work in the office. The main objective of our “North Star” brand is to develop high quality products that follow world trends. The qualities that identify this brand is its creativity. to try and to venture into the world of trial and error. chase. stand. Md. To receive. Created in France. A member eligible to attend and vote at the General Meeting is entitled to appoint a proxy to attend the meeting and vote on his/her behalf. play. & padded shoes to see me through it all! That is our “B First” branded shoe for all children out there who go to school & love to be in study & play all day. and modernity. Product Development & Merchandising 2009 was as very significant year for product development & marketing for Bata Bangladesh. For all things ingenious. A Proxy Form is enclosed. sporty.”Marie Clarie” encompasses what it is like to be a woman in charge. In a day. must be deposited at the Company’s Registered Office at least 48 (fortyeight) hours before the appointed time for the Meeting. developing fashionable commercial products. Hashim Reza Company Secretary To receive. I sit. 11 May 2010 is the RECORD DATE. “B. Marie Claire provides stylish and chic shoes for the women in charge. “Marie Claire”. 3. To declare Dividend as recommended by the Directors. 6 7 . and all things bright. run. To appoint Auditors for the year 2010 and fix their remuneration. dynamism. 20 April 2010 NOTES: 1. (Bangladesh) Limited will be held at Dhamrai Factory. 4. and I’d most likely need a pair of sturdy-soled. To elect Directors.. Shareholders whose names will appear in the share register of the Company or in the depository register on that date will be eligible to receive dividend as approved in the AGM. study. consider and adopt the Directors’ Report for the year ended 31 December 2009.First” represents children at their most curious years. Form of Proxy. epitomises Parisienne style and sophistication. 4. moving with you every step of the way. 5. a woman who expresses her confidence through the clothes and shoes she wears with a tagline “Confident Femininity”. “Bata Comfit” exudes certain warmth that only a mother can contest to. These new arrivals were introduced in different Bata brands. 3. Some of them are as follows: “North Star” is a sports-casual footwear brand for the youth market.First” challenges and inspires these students to outdo themselves. follow. duly completed. Unconditionally giving to provide tender loving care. consider and adopt the audited accounts of the Company and the Auditors’ Report thereon for the year ended 31 December 2009.. design.Notice of Annual General Meeting 1.m. Children who are more than willing to pick up. During the year Bata Bangladesh introduced many exclusive new lines of shoes the majority of which were during festival periods. Its collections are inspired by world trends and young people’s versatility. “Bata Comfit” as a brand embraces its image as your loyal safe keeper.
6 million pairs of shoes 104% growth against 2008 and turnover Tk. Around 66 new dealers were opened last year which contributed around Tk. This business channel includes 5 different divisions namely Dealers Support Program (DSP). No other sports brand can give you the value for money like “Power”. The company has established a new business channel under brand “Bata Industrials” to serve the industrial growth. 252 million. the company launched Bata Industrials shoes and received very encouraging feedback from different industrial groups who focus on quality and safety such as petrochemicals. 3.000 sq ft) at Bashundhara City Mall. Bata Industrials In expansion program. company opened 23 new stores including the largest Bata shoe store in Asia (11. machineries. training. The Company discontinued business with low volume dealers and focused on the high contribution dealers to minimize business risks and operating expenses. In addition we renovated 29 potential stores in 2009. company took different initiatives like product innovation. emphasis was given to open new dealers. food Industries. 8 9 .leisure shoe brand of “Bata” it has got products that has been specially designed for activity like running. Currently. automobile parts. which created sensation among our valued customers. 250 new lines were introduced before the biggest festival Eid-ul-Fitre. Currently company continues producing quality & fashionable shoes to respond to customers’ demand. It is anticipated that this new business will add approximately Tk. The new stores generated additional turnover of Tk. Manufacturing The company operates two manufacturing facilities – one in Tongi and the other in Dhamrai.2 billion which is 114% growth against last year. operational efficiency. Department Stores and Industrial & Institutions. the company organized a national Road Show of new products and received suggestions from customers to develop the right products and services. Rural Sales. to meet the needs of the market. In 2009 company produced over 26 million pairs.Non Retail “Power” is the sports & athletic. aggressive marketing programmes.000 pairs of shoes daily. market expansion. the company has 512 DSPs and 364 wholesalers running under a sound meaningful business policy focused on development of good relationship. Wholesalers. Marketing Operations Retail In 2009 our Retail Channel sold 8. Non Retail business played a vital role in the company’s total turnover in 2009. human resource development. the company focuses on appropriate show design and product development. outdoor. For retaining market leadership. electrical equipments etc. soccer & lifestyle. 74 million in turnover. Dhaka and 3 exclusive Hush Puppies stores. In communication with partners. With a production capacity of 110. In January 2009. the company also has a modern tannery facility with an output of 5 million square feet of leather annually. These shoes help you to perform comfortably any particular outdoor activity. 5 million of turnover in 2009. To achieve this outstanding growth in spite of global recession. In addition. team work etc.
Resource persons from Sri Lanka and Bangladesh conducted the workshop where 25 managers of Bata Bangladesh participated. FIRE FIGHTING TRAINING PROGRAMME 10 11 . The course covers fire fighting methods. Remittance. a number of STOREMANCO have been organized in 2009.Human Resources TEAM BUILDING WORKSHOP As a part of Team Building activities. Bata Shoe Company (Bangladesh) Ltd. 2009. Product Knowledge. the company organizes comprehensive training on fire fighting on a regular basis. evacuation procedures. The course covers . The main objective of the workshop was to bring synergy between the departments to achieve accelerated business goals by identifying measurable business targets. To create awareness about fire accidents. and the International Labor Organization (ILO) organized a day long Team Building Workshop on November 07. Effective Utilization of Point of Sales (POS). Staff Productivity Analysis. Store Audit.Duties & Responsibilities of Store Managers. STOREMANCO With a view to improve management and operational skills of Store Managers. Marketing. Store Profile and Customer Service. introduction to fire fighting equipments and physical demonstration. Books of Accounts. Distribution & Customers’ Claim.
achieving production targets. xo~of kPeqr xrmrJy KjKÁf TPr kPeqr èeJèePT FTKa xÄÛíKfPf kKref TPr xKÿKufnJPm TJ\ TrJr FTKa InqJx VPz ßfJuJÇ TotL S xyPpJVLPhr TJP\ CÆM≠ TrJr \jq ßTJŒJjL FA k´KfPpJKVfJ~ IÄvV´yeTJrL Km\~LPhr kMrÛOf TPrÇ IJkjJPhr ßTJŒJjL 2009 xJPu ßhPvr \JfL~ ßTJwJVJPr 1. "Eid-ul-Fitre" "Puja".xnJkKfr nJwe Chairman's Statement ‘Bh Cu Klfr'Ç IJorJ \JfL~ KâPTa hPur TîKgÄ ¸¿r FmÄ ßhvmqJkL ßZPu S ßoP~Phr yqJ¥mu aájtJPo≤ Fr IJP~J\j ImqJyf ßrPUKZÇ IJkjJPhr ßTJŒJjLr kPeqr èeVf oJPjr Cjú~Pjr \jq ßTJŒJjLr KmKnjú KckJatPoP≤r oPiq 4 x¬Jy mqJkL ßTJ~JKuKa TjPaPˆr IJP~J\j TPrÇ FA k´KfPpJKVfJr CP¨vq KZu kPeqr èeVf oJj mOK≠. ensuring timely delivery.000 dealer outlets serviced by 13 depots throughout Bangladesh. Superbrands is acclaimed as a highly reputed international authority on branding since its launch in 1994 in United Kingdom. "Monsoon". Customer Acceptance etc. your company. ‘mJÄuJ jmmwt'. U. ‘kJS~Jr'. Moreover electricity shortage throughout the country has interrupted our production and it was also difficult to keep our outlets open throughout the business hours. continued to achieve commendable growth during 2009. ‘oMjxMj'. C&kJhj UrY ToJPjJ. We have continued to expand our market share especially in the medium to upper end of the market.first” Colour Your 13 .995 KoKu~j aJTJ pJ 2008 xJPur fáujJ~ vfTrJ 8 nJV ßmvLÇ IJorJ mJ\JPrr oJ^JKr FmÄ Có PvseLr ßâfJPhr mJ\Jr xŒsxJrPer k´PYÓJ k´KfKj~f ImqJyf ßrPUKZÇ F mZPr IJorJ KmvõKmUqJf xM msqJ¥ ‘yJxkJKkx&' Fr KfjKa Kmâ~ ßTªs ˙Jkj TPrKZÇ xJrJ ßhPv èr∆fôkNet ˙JjèKuPf IJkjJPhr ßTJŒJjLr ßoJa 257Ka UMYrJ Kmâ~ ßTªs IJPZÇ UMYrJ Kmâ~ YqJPjPur xJPg xJPg IJoJPhr vKÜvJuL kJATJrL YqJPjuS rP~PZÇ IJorJ 2009 xJPu 66Ka KcuJr Kmâ~ ßTªs UMPuKZÇ mftoJPj xJrJ ßhv mqJkL 13Ka KcPkJr IiLPj IJoJPhr k´J~ 1000Ka KcuJr Kmâ~ ßTªs rP~PZÇ F mZPr IJorJ KmKnjú k´YJrjJoNuT TJ\ TPrKZÇ ßpoj ‘mqJT aá Ûáu'. It is an independent organization that promotes the discipline of branding across the globe. it is my privilege and honour to present to you the Directors’ Report together with the Annual Accounts and Auditors’ Report thereon. During 2009 your company was awarded the Superbrand Award. 4. however.195 million to the country’s National Exchequer for the year 2009 which is 8% more than the previous year. Under the Corporate Social Responsibilities (CSR) programme your company provided shoes to the poor students of ‘Shishu Polli Plus’.). During the year we opened three outlets of the world famous shoe brand “Hush Puppies”. promoting quality as a culture and developing the habit of working as a team. non-political organization Despite these adverse conditions. (translated as Childrens Village Plus) a non-religious. In the face of the challenges posed by the global economic recession the growth in the country was significantly affected in 2009. Czech Republic & India. ‘TJuJr ACr Kcso' FmÄ ‘jgt ˆJr'.995 million representing growth of 8 % against 2008. We now have near to 1. Communication. Your company continues to be highest tax payer in leather and footwear sector in the country as in previous years. UMYrJ KmâJ~j. We have 257 retail outlets which are strategically located in different parts of the country. ßpJVJPpJV. 10 million against 2008. Kmfre. The contest aimed at improving quality awareness. 1. In addition to the retail chain we have a formidable network of dealer outlets. ‘Km lJˆt'. In 2009 your company achieved a turnover of Tk.195 KoKu~j aJTJ k´hJj TPrPZÇ pJ kNPmtr mZPrr fáujJ~ vfTrJ 8 nJV ßmvLÇ IJkjJPhr ßTJŒJjL YJozJ S kJhMTJr Kv· ßxÖPr ßhPvr xPmtJó Tr k´hJjTJrL k´KfÔJj KyxJPm kNmtmftL mZPrr jqJ~ F mZrS xMjJo ImqJyf rJUPf xão yP~PZÇ 2009 xJPu IJkjJPhr ßTJŒJjL mJÄuJ xMkJr msqJ¥ KuKoPac Fr TJZ ßgPT xMkJr msqJ¥ kMrÛJr ßkP~PZ ßpaJ msqJK¥Ä Fr ßãP© IÛJr kMrÛJr KyPxPm Veq y~Ç xMkJr msqJ¥ yPóZ FTaJ IJ∂t\JKfT UqJKf xŒjú Tfítkã pJrJ pMÜrJP\q 1994 xJu ßgPT pJ©J Êr∆ TPrÇ FaJ FTaJ ˝JiLj k´KfÔJj pJrJ kOKgmL mqJkL msqJK¥Ä Fr ßãP© Cjú~Pjr \jq TJ\ TrPZÇ mJaJ KmvõkKrKYf msqJ¥ KyPxPm KYKuPf. Out of 74 contestants the entries from your company won the 1st place (Best in show) award along with two other awards. We have also continued to sponsor the Bangladesh National Cricket team as their “Official Clothing” sponsor and the nationwide Bata School Handball Tournament for boys and girls. for the year ended 31 December 2009. Distribution. C&kJhj uãqoJ©J I\tj.S. Bata Bangladesh participated in the Global Dog Art Competition organised by Hush Puppies International in Michigan. Your company has contributed Tk. has also won Superbrand awards in Chile. We opened 66 dealer stores in 2009. "B. Winning the Superbrand award proves Bata's excellence in all aspects of branding (Production. "Bengali New Year (Boishakhi)" promotion. Your company also received an award for “Best Multinational Company in 2008”. Bata being a global brand.630 million. 12 Dear Shareholders On behalf of the Board of Directors of the Company. During the year your company achieved total profit before tax of Tk. ‘ßoKrPTî~Jr'. "Marie Claire”. During the year we organised various promotional activities like "Back to School". To strengthen the quality of products your company also organised a quality contest among the departments for 4 weeks.A. "Power". ßYT KrkJmKuT FmÄ nJrPf FA xMkJr msqJ¥ kMrÛJr ßkP~PZÇ xMkJr msqJ¥ kMrÛJr I\tPjr lPu mJaJ msqJP¥r xTu èjJèj ßpoj C&kJhj. "Be Surprised". an increase of Tk. Retailing. recently. To motivate the employees and associates each wining team received prizes from the company. reducing product cost. As a result consumers concentrated more on essential consumable items instead of footwear. Kk´~ ßv~JPyJﬂJrmOª ßTJŒJjLr kKrYJuTo¥uLr kã ßgPT IJKo 31 KcPx’r 2009 xJPur xoJ¬ mZPrr ßTJŒJjLr mJKwtT KyxJm S KjrLãTPhr k´KfPmhjxy kKrYJuTo¥uLr k´KfPmhj IJkjJPhr KjTa Ck˙Jkj TrPf ßkPr xÿJKjfPmJi TrKZÇ KmvõmqJkL IgtQjKfT oªJr TJrPe 2009 xJPu ßhPvr k´mOK≠ mJiJV´˙ y~Ç pJr TJrPe ßnJÜJrJ kJhMTJr kKrmPft k´iJj ßnJVqkeq âP~r ßãP© ßmvL oPjJKjPmv TPrjÇ fJZJzJS ßhvmqJkL KmhMq& WJaKfr TJrPe IJoJPhr C&kJhj mqJyf yP~PZ FmÄ Kmâ~ ßTªsèPuJS ImqJyf nJPm ßUJuJ rJUJ Ix÷m yP~ CPbKZuÇ Ffh&xP•ôS FA k´KfTáu kKrK˙Kfr oPiq IJkjJPhr ßTJŒJjL 2009 xJPu CPuäUPpJVq k´mOK≠ I\tj TrPf xão yP~PZÇ F mZPr IJkjJPhr ßTJŒJjL Tr kNmt IJ~ TPrPZ 630 KoKu~j aJTJ pJ 2008 xJPur fáujJ~ 10 KoKu~j aJTJ ßmvLÇ 2009 xJPu IJkjJPhr ßTJŒJjLr Kmâ~ KZu 4. ßâfJ xJiJrPer V´yePpJVqfJxy IjqJjq èeJèe mOK≠ ßkP~PZÇ IJPoKrTJr KoKxVJPj yJxkJKkx TftOT IJP~JK\f IJ∂t\JKfT nJPm TáTár KY©JÄTj k´KfPpJKVfJr IJP~J\Pj mJaJ mJÄuJPhv IÄvV´ye TPrÇ xmtPoJa 74 \j k´KfPpJVLr oPiq IJkjJPhr ßTJŒJjL k´go kMrÛJr xy IJPrJS 2Ka kMrÛJr I\tj TPrÇ F ZJzJ IJkjJPhr ßTJŒJjL xmtPv´Ô mÉ\JKfT ßTJŒJjL 2008 kMrÛJr I\tj TPrÇ PTJŒJjLr TPktJPra xJoJK\T hJ~m≠fJr IÄv KyPxPm mJaJ v´LkMPr FTKa IiotL~ FmÄ IrJ\QjKfT k´KfÔJj KvÊ kuäLkäJx Fr hKrhs KvÊPhr FmÄ mOKav CPoj FPxJKxP~vj IJP~JK\f Fernando Garcia Restrepo Chairman Dream" and several brand promotions for "North Star". ‘Km xJrk´JA\'. popularly known as the Oscar of Branding from Bangla Superbrands Limited.
Mr. Jorge Carbajal. In accordance with the Articles of Association of the Company all the directors.90 aJTJ~ ßTjJ ßmYJ y~Ç IJkjJPhr kKrYJuTo¥uL ßTJŒJjLr K˙KfvLu IJKgtT Im˙Jr xJPg xJo†xq ßrPU unqJÄv ßWJweJr AòJ mqÜ TPrPZÇ kKrYJuTo¥uL ßv~Jr k´Kf 11. except the Managing Director. Your company’s share. our shareholders.90 on the Chittagong Stock Exchange Ltd. therefore.22. offer themselves for re-election. and Tk. being eligible.50 per share paid on 16 November 2009. will make a total dividend of Tk.00 per share for the financial year ended 31 December 2009. I would like to express our appreciation to you. In conclusion.50 aJTJ KyxJPm YNzJ∂ unqJÄvxy Pv~Jr k´Kf xPmtJPoJa 22 aJTJ KyxJPm 31 KcPx’r 2009 xJPur \jq unqJÄv mJKwtT xJiJre xnJ~ IjMPoJhPjr \jq xMkJKrv TPrPZjÇ ßTJŒJjLr IJKatPTux& Im FPxJKxP~vj IjMxJPr mqm˙JkjJ kKrYJuT Ko. 522. TotYJrLmOª FmÄ Vek´\JfπL mJÄuJPhv xrTJPrr KjTa TífùfJ k´TJv S ijqmJh ùJkj TrKZÇ based in Sreepur and to under privilege children at the Annual Street Children’s Party. as well as to our valued customers. together with an interim dividend of Tk. 528. We have continued to award “Employee of the Month” certificates and provide recognition to bolster the spirits of the workforce in the factories. President Bata Emerging Market attended the ceremony and praised all the award recipients for their loyalty and hard work. 11. proposed for approval at the Annual General Meeting the payment of a final dividend of Tk 10. Rajeev Gopalakrishnan. xrmrJyTJrL. In 2009 your company presented awards to 62 employees who have completed 25 years of service in this company. 10 each was traded at Tk.50 per share which.30 on the Dhaka Stock Exchange Ltd. with a face value of Tk. The Board has. lJjtJPªJ VJKxt~J ßrxPasPkJ ßY~JroqJj 20 FKk´u 2010 14 Fernando Garcia Restrepo Chairman 20 April 2010 15 . will retire at the Annual General Meeting and. rJK\n ßVJkJuJTíÌJe ZJzJ IjqJjq xTu kKrYJuT IJ\PTr FA mJKwtT xJiJre xnJ~ Imxr V´ye TPrj FmÄ kMj”KjmtJYPjr ßpJVq KmiJ~ k´JgtL yPujÇ kKrPvPw IJKo kKrYJuTo¥uLr kã ßgPT ßTJŒJjLr k´Kf ImqJyf xJyJpq S xyPpJKVfJ k´hJPjr \jq IJoJPhr xÿJKjf ßv~JrPyJﬂJrmOª. During the year your company trained 555 employees via 32 domestic training courses and 10 employees attended 7 overseas training programmes. on behalf of the Board of Directors. ßâfJxJiJre. suppliers. organized by the BWA (British Women’s Association).50 aJTJ KyxJPm I∂mtfLt unqJÄv k´hJj TPrPZjÇ FmÄ ßv~Jr k´Kf 10. He also thanked everyone for their valuable contribution to Bata. respectively on 30 December 2009. Your Board continues its intention to recommend the payment of dividends commensurate with the maintenance of a stable financial position of the company. employees and the Government of the People’s Republic of Bangladesh for the support and cooperation extended to the Company.FjMq~Ju Kˆsa KYuPcsj kJKatPf xMKmiJ mKûf KvÊPhr \MfJ k´hJj TPrÇ F mZr IJorJ IJkjJPhr ßTJŒJjLr ßoJa 555 \j TotLPT k´Kvãe k´hJPjr mqm˙J TKrÇ pJr oPiq 32 \jPT Inq∂rLe FmÄ 7 \jPT IJ∂t\JKfT k´Kvãe k´hJj TrJ y~Ç IJorJ TJrUJjJr TotYJrLPhr oPiq TJP\r IJV´y mOK≠r uPãq k´KfoJPx ßxrJ TotL xJKatKlPTa k´hJj ImqJyf ßrPUKZÇ 2009 xJPu IJkjJPhr ßTJŒJjL 62 \j TotLPT kMrÛíf TPr pJrJ iJrJmJKyTnJPm 25 mZr F ßTJŒJjLPf Totrf IJPZjÇ mJaJ AorJK\Ä oJPTtPar ßk´KxPc≤ \\t TJmtJyJu FA IjMÔJPj CkK˙f KZPuj FmÄ pJrJ kMrÛíf yP~PZj fJPhr TPbJr kKrv´o S KjPmKhf k´JPer \jq KfKj ná~xL k´vÄxJ TPrjÇ KfKj xTuPT mJaJ~ fJPhr oNuqmJj ImhJPjr \jq ijqmJh ùJkj TPrjÇ 2009 xJPur 30ßv KcPx’r dJTJ ˆT FTPYP† IJkjJPhr ßTJŒJjLr k´KfKa 10 aJTJr ßv~Jr 528.30 aJTJ~ FmÄ Y¢V´Jo ˆT FéPYP† 522.
302 – – u Unappropriated profit.000.702 575. cash flows and changes in equity. The deviation from the operating result of last year is reported in the details to the accounts. Fernando Garcia Restrepo.000 157.000 449.000 277.200. Mr.445 180.171 – 1. the result of its operations.361 21. Rashidul Hasan and Mr. Rokanuddin Mahmud and being eligible offer themselves for re-election.640.595. Internal control system is sound in design and effectively implemented and monitored. brought forward Over tax provision transferred for finalization of assessment (1981 to 1994) Undistributed dividend reserved Profit available for appropriation The Financial Statements which were prepared in accordance with Bangladesh Accounting Standards (BAS) and Bangladesh Financial Reporting Standards (BFRS) also comply with the Companies Act 1994.361 From which the Directors recommended the following appropriations: Final dividend paid (previous year) Interim dividend paid (current year) Unappropriated profit carried forward DIVIDEND Board Meeting.000 873.361 For the year ended 31 December 2009 the Board of Directors recommended an interim dividend of Tk.000.202 493.075 917.appointment as auditors of the Company.226.640.849.000 724.000 324.194.840.537 – 408.000 177.10.000 143.000 198.025.000 571. Shareholdings and the Compliance report as per Securities and Exchange Commission’s Notification are enclosed herewith as Annexure-I and Annexure-II respectively.640.000 On behalf of the Board Rajeev Gopalakrishnan Managing Director 575.000 143.075 – – 619.634.078.320. There are no significant doubts on the company’s ability to continue as a going concern.617.154. Mike Middleton. the Securities and Exchange Rules 1987 and other applicable laws and regulations.000 27.292.960.708.360.50 per share amounting The Directors retiring as per Article 104 of the Company’s Articles of Association are Mr.075 342.000 and now recommends a final dividend of Tk.000 300.248.748.50 to Tk.520 1.059 131. Proper books of accounts as required by law have been maintained. u u 629. 157. retire and being eligible offer themselves for re .927.748.360. DIRECTORS per share amounting to Tk 157.702 170.320. 16 17 .273 571. 11.174. 143.960. AUDITORS Rahman Rahman Huq.692. thus making a total dividend of Tk.171 205. Audit Committee Meeting. Chartered Accountants. 22.000.320. 300.059 499.640.00 per share amounting to Tk.Directors' Report FINANCIAL RESULTS Net Profit before tax Provision for tax Net profit after tax Your Directors have pleasure in submitting their Report and Audited Accounts of the Company for the year ended 31 December 2009 along with the preceding three years below: 2009 TAKA 2008 TAKA 2007 TAKA 2006 TAKA The Directors also report that: u Statutory Information on the Financial Statements The Financial Statements of the company present a true and fair view of the company’s state of affairs.000 143.520 300.273 169.171 776.445 724. Mr.025.406. u u u u 1.417.292.960.286.292.000 449.415.417.219. Appropriate accounting policies have been followed in formulating the Financial Statements and accounting estimates are reasonable and prudent.022.000.
4(j) 2. Fernando Garcia Restrepo and Mr. 1. Rashidul Hasan Mr. 5.3 1.343.4(g) 1.576.4(e) 1. who holds less than 10% u Other Non Resident (Institutions) u Institutions (Local) u Individuals Total Shareholders. The Company Secretary was as the Secretary of the Committee. J D Hearns Mr.2(ii) 1. 13.V.4(d) 1.762 Nil Nil 1.0 3.2 3. Except for Mr.937.SEC/CMRRCD/2006-158/Admin/02-08 dated 20 February 2006.000 1.4(a) 1.00 9. of Attendance 1 Meeting 2 Meetings 4 Meetings 1 Meeting 4 Meetings (retired on 28 January 2010) – (appointed on 28 January 2010) Annexure – II Status of Compliance with the conditions imposed by the Securities & Exchange Commission’s Notification No.000 Nil 64 √ % OF HOLDING 70.4(c) 1.1 2.1(i) √ Shareholdings Compliance with International Accounting Standards Ability to continue as a going concern Significant deviations from last year Soundness of internal control system √ √ √ The name of the Shareholders along with the position of their shares are listed below: NAME OF SHAREHOLDER i) ii) Directors u Mr. Fernando Garcia Restrepo Rajeev Gopalakrishnan Mike Middleton Rashidul Hasan Rokanuddin Mahmud J D Hearns – – – – – – Chairman Member (appointed on 28 January 2010) Member Member as Independent Director Member as Independent Director Member (retired on 28 January 2010) √ 1. Executives (Head of Functions) SHARES HELD 9. Fernando Garcia Restrepo Mr.4(f) 1. The Company Secretary and the Chief Financial Officer were also present in the Meetings.I The information regarding Board Meetings.854 1.82 6. Mr. Audit Committee and Shareholding Position of the Company for the year 2009 are mentioned below in Compliance with Securities and Exchange Commission’s Notification No. Rashidul Hasan Parent/subsidiary/associate/related parties: u Bafin (Nederland) B. They met once during the year 2009. dated 20 February 2006 (Report under Condition No. All members of the Audit Committee were appointed by the Board of Directors among their members.00) Condition No.Annexure .1 Compliance Status Title Board’s Size (not less than 5 and not more than 20 members) Complied √ √ √ Not Complied Explanation for non compliance with the condition 1. Rajeev Gopalakrishnan No.4(i) 1. Rokanuddin Mahmud Mr. The Audit Committee comprise of: Mr. Board Meetings The Board met four times during the year 2009. who holds 10% or more. Mike Middleton Mr.4(k) Details of Board Meeting and attendance Appointment of Company Secretary (CS).02 14. Chief Financial Officer (CFO) and Head of Audit (HOA) and define their respective roles responsibilities and duties.680.320 822.4 Audit Committee Meeting Independent non-shareholder Director number (At least one tenth(1/10) of total number of Directors) Appointed independent Director (s) by elected directors Individual Chairman of the Board and Chief Executive and their roles and responsibilities The Directors’ Report to the Shareholders: Fairness of Financial Statements Adoption of appropriate accounting policies and estimates Maintenance of proper books of accounts The Audit Committee is a sub-committee of the Board.4(h) 1. The attendance by each Director is mentioned below: Name of Director Mr. Mr.00 – Presentation of last three years key operating and financial data Declaration of dividend Shareholding pattern iii) iv) iv) Other Shareholders.2(i) 1. Audit Committee: √ √ √ √ √ √ √ 100. Mr. Mr. Mr. Rokanuddin Mahmud all the members were present in the meeting of the committee.4(b) 1.16 Nil Attendance of Company Secretary and Chief Financial Officer at the Board Meeting Constitution of Audit Committee √ √ 19 18 . SEC/CMRRCD/2006-158/Admn/02-08.
2 3.00(iv) 4.3. Reporting of conflict of interest to Board of Directors Reporting to the Board of Directors Chairman of Committee Filling of casual vacancy in committee Complied √ Compliance Status Not Complied Explanation for non compliance with the condition 3. Our responsibility is to express an opinion on these financial statements based on our audit.1(ii) (b) 3. the company's balance sheet and profit and loss account dealt with by the report are in agreement with the books of account. 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. We believe that our audit provides a reasonable basis for our opinion. Auditors' Report to the Shareholders of Bata Shoe Company (Bangladesh) Limited N/A 4.2(ii) N/A √ √ 3. statement of changes in equity and cash flow statement for the year then ended.Condition No.00(vii) Non-engagement in bookkeeping or other services related to the accounting records or financial statement Non engagement in broker dealer services Non engagement in actuarial services Non engagement in Internal Audit services Non engagement in any other services √ √ √ √ √ √ in our opinion. including securities related laws. on a test basis. and the expenditure incurred was for the purposes of the company's business.2(i) Title Constitution of Committee with Board member including one independent Director Professional qualification and experience of the Chairman of the Committee. In our opinion. 4. the financial statements. evidence supporting the amounts and disclosures in the financial statements.00(v) 4. 20 April 2010 20 Rahman Rahman Huq Chartered Accountants 21 .1(ii)(d) Reporting of any fraud or irregularity or defect in the internal control system Reporting of infringement of laws. as well as evaluating the overall financial statement presentation. give a true and fair view of the state of the company's affairs as at 31 December 2009 and of the results of its operations and its cash flows for the year then ended and comply with the Companies Act 1994.00(ii) Non-engagement in appraisal or valuation 4. Dhaka.4 4.2(iii) 3.1(ii) (a) 3.3. We also report that: (a) (b) (c) (d) we have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit and made due verification thereof.3.00(iii) 4. 3. An audit includes examining.00(vi) 4. An audit also includes assessing the accounting principles used and significant estimates made by management. rules and regulations. Reporting of the qualified point to the Commission External/Statutory Auditors: Reporting any other matter to the Board of Directors N/A √ √ √ We have audited the accompanying balance sheet of Bata Shoe Company (Bangladesh) Limited as at 31 December 2009 and the related profit and loss account.1(ii) 3.00(i) Reporting of activities to the shareholders and General Investors Non engagement in designing of financial information system N/A N/A √ We conducted our audit in accordance with Bangladesh Standards on Auditing (BSA). the Securities and Exchange Rules 1987 and other applicable laws and regulations.3.1(ii) (c) 3.00 3. prepared in accordance with Bangladesh Accounting Standards (BAS) and Bangladesh Financial Reporting Standards (BFRS). The preparation of these financial statements is the responsibility of the company's management. Those standards require that we plan and perform the audit to obtain reasonable assurance whether the financial statements are free of material misstatement. and a summary of significant accounting policies and explanatory notes.1(i) 3.3.
126.275.318 80.674.415.518 (1.085.995. deposits and prepayments Cash and cash equivalents Total current assets Total assets Equity Share capital Reserves and surplus Total equity 1.323 131.433 79.067. Md.141.120.487.030.669. Hashim Reza Company Secretary Dhaka.709.634.178 2.I.460.253.521.693. Previous year's figures have been rearranged.575 457.064) 652.219.922.970.621 9.963 2009 Taka Inventories Accounts receivable Advances.064.708) 629.747.781.153 (33.942 (3.417 432. 278. Rajeev Gopalakrishnan Managing Director Rashidul Hasan Director As per our report of same date.792 2.273.205 1.433.000 449.692.854.592.517.702 32.108.626 518.297.025 387.172 129.000 (3.676 210.000 16.551 352.470.515 1.000.800. 20 April 2010 Rahman Rahman Huq Chartered Accountants 23 .000 835.312.687. to conform to current year's presentation.445 32.602.878 972.964.888 12.469 1.339.062 2.419) 662.502.463 (3. 31 184.380.433.292 13.000 470.959.000 983.000.926 278.476.Bata Shoe Company (Bangladesh) Limited Balance Sheet as at 31 December 2009 Assets Property.702 2.055 (32.064.804 454.869 263.959.154 7.802 7.984. 20 April 2010 22 Rahman Rahman Huq Chartered Accountants Dhaka.923) 1.613.575 127.040.498 (5.103.000.241.618.85 The annexed notes 1 to 36 form an integral part of these financial statements. to conform to current year's presentation.967.000 449.127.800.957 1.770 2.407.493.407 100.025 136.233 1.612.860.406.356.380.483.834.000) 170.660.722.722.086.000 558.043.164.658 136. plant and equipment Capital work in progress Investment in subsidiary Deferred tax assets Total non-current assets Notes 4 5 6 7 8 9 10 11 508.85 4.323 1.780 2.455.013.477 44.715.940) 648. wherever necessary.407 (951.000 (9.000) 180.878 127.211) 656.233 131.658 Profit after tax from manufacturing and trading has been shown in attached Exhibit . Md.888 2008 Taka Bata Shoe Company (Bangladesh) Limited Profit and Loss Account for the year ended 31 December 2009 Notes 19 20 2009 Taka 12 13 14 15 16 17 18 Revenue Cost of goods sold Gross profit Other income Administration.237.286. Previous year's figures have been rearranged.353) 619.325.138.987.757.702 2008 Taka 180.341 353.286.445 Creditors for goods Creditors for expenses Creditors for other finance Provision for tax Unclaimed dividend Total current liabilities Total liabilities Total equity and liabilities Liabilities Deferred liability Total non-current liabilities Basic earnings per share (par value Tk 10) The annexed notes 1 to 36 form an integral part of these financial statements.429.623.247.920.109 10.511. wherever necessary.140) 1.562.047 173.836.714.384.016.240.964. Hashim Reza Company Secretary Rajeev Gopalakrishnan Managing Director Rashidul Hasan Director As per our report of same date.483. selling and distribution expenses Profit from operating activities Finance income Finance expenses Profit before contribution to workers' profit participation fund Contribution to workers' profit participation fund Profit before tax Tax expense: Current tax Deferred tax Profit after tax for the year 23 24 21 22 18 7 4.077 (3.671 19.
332 (123. The preparation of financial statements requires management to make judgments.165) (109.320.256 (4.292.320.445 449. The financial period of the company covers one year from 1 January to 31 December. 25 Going concern .784.878 972.530 1.631. Actual results may differ from these estimates.627 2.000) (157.387.122.000) (157.320. Revision to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.115 4.171 Taka 1.922.406.178 The company has adequate resources to continue in operation for the foreseeable future. All financial information have been rounded off to the nearest Taka except the information presented in revenue in note 19 and related party transactions in note 33 have been rounded off to the nearest thousand Taka.120.445 449.5 7 14 18 35 Inventories Bad debts provision Deferred tax assets Deferred liability Provision for tax Contingent liabilities Net cash increase/(decrease) in cash and cash equivalents Cash and cash equivalents as at 1 January Cash and cash equivalents as at 31 December (Note 11) 263.974 Taka 998. The company is mainly engaged in manufacturing and marketing of leather. which is the company's functional currency.000 822.214.171.1248 2.702 1.000) (157. Use of estimates and judgments 2.000) (157.419) (176.V.000) (157. hosiery and accessories items as well as finished leather.4 Information about significant areas of estimation uncertainty and critical judgement in applying accounting policies that have the most significant effect on the amounts recognised in the financial statements is included in the following notes: Note Note Note Note Note Note 3. For this reason the directors continue to adopt going concern basis in preparing the financial statements. liabilities. Bangladesh.620 998.323 2. The company is one of the operating companies of worldwide Bata Shoe Organization (BSO).000 136.970. Functional and presentational currency These financial statements are presented in Bangladesh Taka (Taka/Tk).897) 2008 Taka 2.407.192) 354.623.194.300.705.445 449. Estimates and underlying assumptions are reviewed on an ongoing basis.000) (143.124 (3.441.520 983.800. Manufacturing plants of the company are situated at Tongi and Dhamrai.863.975.640.000) 449.075 835.663.487. Basis of preparation Statement of compliance Balance as at 31 December 2009 136.718) (336.260.045 (5. The financial statements were approved by the Board of Directors on 20 April 2010.113. rubber.3 3.724.183 998.620 48.631.415.000 Taka Reserve on revaluation of land 60.158) 534.719.748. Total Bata Shoe Company (Bangladesh) Limited Notes to the Financial Statements as at and for the year ended 31 December 2009 Bata Shoe Company (Bangladesh) Limited (the "company") is a listed company limited by shares and was incorporated in Bangladesh in 1972 under the Companies Act 1913.043.422.569) (309.974 Taka 724.800.659.912 (92. canvas footwear.169) (81.158.3 These financial statements have been prepared on the historical cost basis except revaluation of land at Tongi made in 1979.183 Taka Nondistributable special reserve Taka Reserves and surplus General reserve 48.202 (143.254.1 These financial statements have been prepared in accordance with Bangladesh Accounting Standards (BAS) and Bangladesh Financial Reporting Standards (BFRS).415.800.000 60.000) 449.640.305 (4.202 (143.415.407.320.835) 263.756.313.064) (151.863.000) (157.727) (226.Bata Shoe Company (Bangladesh) Limited Statement of Changes in Equity for the year ended 31 December 2009 Share capital 136.328) (309.386 (36.640.702 1. The current resources of the company provide sufficient fund to meet the present requirements of the existing business.000.613. plant and equipment Acquisition of property. wherever necessary.792 300.631. the Securities and Exchange Rules 1987 and other applicable laws and regulations.687.000 48.789 8.640. the Companies Act 1994. Reporting entity Particulars Balance as at 1 January 2008 Final dividend of 2007 Profit for the year Unclaimed dividend Profit for the year Interim dividend of 2008 Balance as at 31 December 2008 Final dividend of 2008 Interim dividend of 2009 Total 685.443) 2009 Taka 2.040.522. The shares in the company are mostly held by Baffin (Netherlands) B.5 Previous year's figures have been rearranged.640.000.655.067.979.922. Basis of measurement Bata Shoe Company (Bangladesh) Limited Cash Flow Statement for the year ended 31 December 2009 Cash flows from operating activities Cash receipts from customers Cash paid to suppliers and employees Cash generated from operating activities Interest paid Income tax paid Net cash from operating activities 4.920. plant and equipment Net cash used in investing activities Cash flows from financing activities Repayment of finance lease Dividend paid Net cash used in financing activities 126.96.36.1996.620 - (143. income and expenses.202 822.743. Gazipur.000) 449.2 Cash flows from investing activities Interest received Proceed from sales of property.211) 510.000) (143.000.000 Taka Unappropriated profit 575. plastic.792 88.320. The address of the registered office of the company is Tongi. 24 352. estimates and assumptions that affect the application of accounting policies and the reported amounts of assets.640.863.000) (143.443) (336.702 1. to conform to current year's presentation.320.406.547 10.181) 715.183 60.323 1.584.
After initial recognition these are carried at cost less impairment losses due to uncollectibility of any amount so recognised.1 Recognition and measurement Items of property.7 Provision for doubtful debts is made based on the company policy.4 3. Differences arising on conversion are charged or credited to the profit and loss account. less the estimated costs of completion and selling expenses. Non-monetary assets and liabilities are reported using the exchange rate prevailing at the date of transaction. Actuarial valuation of the gratuity fund is carried out by a professional actuary. plant and equipment excluding land are measured at cost less accumulated depreciation and accumulated impairment losses. 3.5% 20% 10% 3. plant and equipment of Tongi factory on reducing balance method while straight line method is followed in respect of Dhamrai factory. cash in transit and cash at bank including fixed deposits having maturity of three months or less which are available for use by company without any restriction. plant and equipment is recognised in the carrying amount of the item if it is probable that the future economic benefits embodied within the part will flow to the company and its cost can be measured reliably. A provision is recognized if. The carrying amounts of the assets.2.8 3.9 A funded management pension fund is also in operation. Other leases are operating leases and the leased assets are not recognised on the company's balance sheet. No depreciation is charged on land and capital work in progress. plant and equipment Foreign currency Significant accounting policies 3. 3. Actuarial valuation of the gratuity fund is carried out by a professional actuary.Factory .General Plant and machinery Motor vehicles Furniture. Upon initial recognition the leased asset is measured at an amount equal to the lower of its fair value and the present value of the minimum lease payments. The cost of inventories is based on the first-in first-out principle. Income tax expense is recognised in the profit and loss account. Gratuity payable at the end of each year has been determined on the basis of existing rules and regulations of the company. plant and equipment are recognised in profit or loss as incurred. provision in respect of which is made annually for the employees other than managerial staff. Holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to vote at shareholders' meetings. fixtures and equipment The company also maintains three contributory provident funds for its permanent employees categorised as managers.1 The accounting policies set out below have been applied consistently to all periods presented in these financial statements. as a result of past event. Subsequent to initial recognition. 27 Tax Provisions 3. The carrying amount of the replaced part is derecognised. Accounts receivables are initially recognised at cost which is the fair value of the consideration given in return. ordinary shareholders rank after all other shareholders and creditors and are fully entitled to any residual proceeds of liquidation. Monetary assets and liabilities are translated at the rates prevailing at the balance sheet date. In the event of a winding up of the company. If any such indication exists then the recoverable amount of the asset is estimated. plant and equipment that is being under construction/acquisition is accounted for as capital work in progress until construction/acquisition is complete and measured at cost.2.4 Leased assets Building .5% 7. Impairment losses. Property. 3. production or conversion costs and other costs incurred in bringing them to their existing location and condition.2. The company maintains an unfunded gratuity scheme. if any. Land is measured at revalued amount.3 Inventories except raw material in transit are measured at the lower of cost and net realisable value. and includes expenditure incurred in acquiring the inventories. any other cost directly attributable to bringing the assets to a working condition for their intended use. the asset is accounted for in accordance with the accounting policy applicable to that asset. and it is probable that an outflow of economic benefits will be required to settle the obligation.3 Depreciation The cost of replacing part of an item of property. Income tax expense comprises current and deferred taxes. Paid up capital represents total amount contributed by the shareholders and bonus shares issued by the company to the ordinary shareholders.2 Subsequent costs Cost includes expenditure that are directly attributable to the acquisition of asset and bringing to the location and condition necessary for it to be capable of operating in the intended manner. other than inventories and deferred tax assets are reviewed at each reporting date to determine whether there is any indication of impairment.2. Foreign currencies are translated into Taka at the rates prevailing on the transaction date.5 Capital work in progress Leases in terms of which the company assumes substantially all the risks and rewards of ownership are classified as finance leases.6 3.5% 2.2. Property. 3.3. Depreciation is charged on all other items of property. Net realizable value is the estimated selling price in the ordinary course of business. the Company has a present legal or constructive obligation that can reliably be estimated. Accounts receivable Impairment Inventories 3. Cash and cash equivalents Share capital Cash and cash equivalents comprise cash on hand. are recognised in profit and loss account. These are administered by the Board of Trustees 3.2 3. officers and supervisors and workers. Bad debts are written off on consideration of the status of individual debtors. The rates of depreciation are as follows: Tongi 20% 10% 15% 20% 10% Dhamrai 2.10 26 . Employee benefit 3.5 3. The costs of the day-to-day servicing of property. The cost of self construed asset included the cost of material and direct labour.
055) 1.916. Earnings per share The company presents basic earnings per share (EPS) data for its ordinary shares. Particulars Machinery Computer Furniture.260. Gulshan Qader Sales proceed from wastage. 37.917.000 1.435) (3.400) - 268.303 742.951 401.318 (37.929 11.862 - 454.2 Cost of goods sold (Note 20.154 713.014 57.890 386.967.087.200. Basic EPS is calculated by dividing the net profit for the year attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the year.276) 754.422.167.638 1.415.080. Property. Matin.207.882 54.000 747.869.000 277.203.057.877.417.650 188.8.131.528. Finance income and expense Finance income comprises interest income on funds invested.249. finance lease and interest on shop managers account held with the company and foreign exchange loss on translation of foreign currency.576. 1.339 329. 4. plant and equipment Original cost Taka Taka 20.540.12 3.092.13 3. 4. import of capital assets during 2009 under C&F basis was as follows: Foreign currency USD 214.830 (42. net of returns and allowances. Deferred tax is measured at the tax rates that are expected to be applied to the temporary differences when they are reversed.249.886 3.10.991 270.432 5.651 248. the amount of the revenue and the cost of the transaction can be measured reliably.494 93.1 Current tax Income tax expense is recognised in profit and loss account.50 %.587.748.664 33.207.787.796. Revenue Revenue from the sale of goods is measured at fair value of the consideration received or receivable. fixtures and equipment Time clock for attendance Motor vehicles: Dhaka Metro GA 17-1935 Shop furniture and equipment Accumulated depreciation 34.539 49. Sale of empty dram of chemicals.327 2. and they relate to income taxes levied by the same tax authority on the same taxable entity. selling and distribution expenses (Note 22) Disposal of property.326 Plant and machinery 28 29 .200.889.105 4.241 Taka 39.588 - - (34.326 15.000 119. fixtures and equipment 22.422.240 110.17 Events after the reporting period Events after the reporting period that provide additional information about the company's position at the reporting date are reflected in the financial statements.355. Current tax is the expected tax payable on the taxable income for the year.742 8.A.660.595 1.387.292 457.3.370 588. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets.218 4.822.000 86.100.400 201.251 139.297.736.140.057.029. Disposals/ transfers during the year Taka As at 31 December 2009 Taka As at 1 January 2009 Taka Charged for the year Taka Depreciation Adjustment for disposals/ transfers Taka As at 31 December 2009 Taka Written down value as at 31 December 2009 Taka Land (increased by Tk 60. Claim Negotiation Auction Ins. and any adjustment to tax payable in respect of previous years.084.103. the company has no managerial involvement of ownership for the goods. There were no capital assets imported during 2009 under CIF basis.378 Taka 65. Finance expense comprises interest expense on overdraft.991 334.660. Value Added Tax and trade discount. Chowdhury Various parties Fazli Ali 3.436 508.177.890) (22.516.986 133.838. However.115.082 Local currency Taka 15.669.194 25.918 92. scrap etc.708. hence the applicable tax rate is 27.400 150.888 195.232 86.450. Claim Negotiation B.844.798.287 2008 Building includes properties at 24 Bangabandhu Avenue.963 Negotiation Ins.723 742.263. Duty drawback Duty drawback claimed on export sales are adjusted against cost of imported raw materials.000 20.274 - 472.768.16 Shop furniture 5.945 552.026 119.138 71.539 Book value 3.796 11.893.671 20.620 614.339) (20.15 4. Claim Auction Purchaser Various parties M.103 713.435 Dhaka Metro Kha 12-3850 Dhaka Metro Kha 11-9254 1. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised.642 435.335) (5.679 535.551 57.293.173.561.332 312.875 54.773 49. based on the laws that have been enacted or substantively enacted by the reporting date.856 19.057.293. using tax rates enacted or substantively enacted at the reporting date.860.631. Dhaka which were purchased in 1985 from the Government of Bangladesh at a cost of Tk 5.788 Motor vehicles Furniture.869.748.091.268. All finance expenses are recognised in the profit and loss account. plant and equipment As at 1 January 2009 Taka Additions during the year Taka Particulars Cost/Valuation 3.898.10.293. Sale deed is yet to be executed.183 by revaluation in 1979) Building Plant and machinery 573.400. Interest income is recognised on accrual basis.6184.108.40.2060 65.000 949.094 86.881 157.794 9.082 Workers' profit participation fund (WPPF) The company provides 5% of its profit before charging such expense as WPPF in accordance with The Bangladesh Labour Act 2006.056.191. split leather and other wastage of materials have been adjusted with cost of raw materials consumed.869) - 149. and it is probable that the economic benefit associated with the transactions will flow to the company. Events after the reporting period that are not adjusting events are disclosed in the notes when material.151 16. Revenue from sale of goods is recognised when the significant risks and rewards of ownership has been transferred to the buyer.538 (47.344.2 Deferred tax Deferred tax is provided on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes.930 1. It enjoys 10% rebate on income tax payable so calculated for declaring dividend more than 20% of paid up capital. interest on shop managers account held with the company and foreign exchange gain on translation of foreign currency.103 139.856 3.11 A deferred tax asset is recognised to the extent that it is probable that future taxable profits will be available against which temporary differences can be utilised.050 3.844.639 29.033) (6.175 118.203.600 189.000 - - 17.456 86.1) Administration. Income from non-operating activities is recognised as other income.412 Mode of disposal Auction Ins.3 CIF value of capital assets Capital assets 47.455 5.194) (2.076 100.119 Sale value 1.412 25.877.039.14 3.1 Depreciation charged to: 2009 Taka 2008 Taka 1.129.752. The Company qualifies as a "Publicly Traded Company".856 554.
106.546.considered good : Export customers . plant and equipment (excluding land and certain motor vehicles) Below six months Export customers .285.714.273.951 315.605.532 Provision reversed during the year Bad debt written off during the year (63.714.888 (4.308 58.575) (35.174.048 8.229.112. is arrived at as follows: Balance as at 1 January Addition/(reduction) during the year Balance as at 31 December 12.629 8.710.671 9.596.283 49.399.522.421.050 1.106.700 shares of Tk 100 each of its newly incorporated wholly owned subsidiary BB Export Limited.000 9.336 347.000 113. Expenses in connection with gas generator equipment Expenses in connection with construction of CDC Dhamrai building 6. 7.000 for 199.638.926 .919 100.903) 16.575) (35.776 31.440 46.860.926 79.539 1.000.064.522 Taka 2009 Over six months Taka - Below six months 1.656.233) (36.467.000 Deferred tax assets Others (unsecured) .664 654.959.823.987.341.286. On 19 November 2009 the Company subscribed an amount of Tk 19.5.286.220.454.407 8.Non BSO companies Receivables from depots Receivables from institutional sale Insurance claims VAT claims Claim receivable on import Duty draw back claim receivable 8.505.987.611.308 58.966 1. This subsidiary was incorporated in Bangladesh and did not commence its operation till 31 December 2009.773 (1.000 Raw materials Raw materials in transit Work in process Finished goods Accounts receivable Trade (unsecured) .052.440 46.826.510 1.064.899) 12.331.638 1.522 2.541 17.399.433 1.390 2.876 2008 Taka 317.467.473 28.238 Taka 2008 Over six months Taka 31 (127.776 31.considered good : Insurance claims VAT claims Claim receivable on import Duty drawback claim receivable Tax base Taka Accounts receivable as at 31 December 2009 as shown above has been arrived at after deducting provision for doubtful debts of Tk.336 262.417) Accounts receivable are aged as below: Net deductible temporary difference Deferred tax assets (b) Deferred tax credit (a-b) 30 Provision for staff gratuity (net of payment) Provision for bad and doubtful debts As at 31 December 2008 Property.932.952 79.000 16.666.908 - (127.870 Taka 21.033.659.325.229. Investment in subsidiary 13.088.255 2008 Taka - 8.210 108.000 Taxable/ (deductible) temporary difference Taka 2.174.598 Taka 100. Deferred tax assets recognized in accordance with the provisions of BAS 12.286.460.826.Non BSO companies Receivables from depots Receivables from institutional sale Inventories 2009 Taka 282.243) 369.571.549 1.409.421.283 49.970.611.959.048 8.000 3.426 250.946 1.000 104.362.922.596.970 15.676 Provision made during the year Balance as at 31 December Provision for staff gratuity (net of payment) Provision for bad and doubtful debts Net deductible temporary difference Deferred tax assets (a) (131.384 88.210 108.480 339.773 (79.361 39.749.716) 16.823.966 98.433.BSO companies Export customers .659.362.989.375 74.166 13.664 654.854) 778.859) 18.000 3.138.611.BSO companies Export customers .406.666.541 17.947.638 77. Expenses in connection with import of machinery: Air blown injection machine Steam radiator Injection moulding machine Capital work in progress 2009 Taka 16.827 256.716) 420. Income taxes.000 Carrying amount on balance sheet date As at 31 December 2009 Property.233) (36.870 which was arrived at as follows: Balance as at 1 January 18.000.781. 16.419 - (131.480 339.641. plant and equipment (excluding land and certain motor vehicles) Taka 12.604 1.033.493.243) (49.
126 19.770 136.177.400 bonus shares) of Tk 10 each issued for consideration other than cash 44.00 20.26 1.000 shares 30.000.931 87.01 0.463 15.167 169.829.123.640 49.000.869 The shares are listed both in the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited and quoted at Tk.000.06 0.844.280 67.760.001 to 20.800 42.03 8.865 263.000 13.470 2.770 136.592 2009 Over six months Taka - Below six months Taka 6.237.571.577.30 (2008: Tk 320.036.630 10.289 72.504.007 (48.097.737 Other non-resident shareholders International Finance Corporation 70.495.70) and Tk 522.000 shares 10.851 614.107.401 278.00) per share at 31 December 2009 respectively.000 shares 40.800.687.284 614.001 to 40.532.729 2008 Taka 42.863.00 21.439.000 shares 6.464 296. Percentage of shareholdings: Bafin (Nederland) B.723 ordinary shares of Tk 10 each issued for cash 10.800.271.390.892. 528.00 0.603. subscribed and paid up: Provision against advances to agents and employees represents the following: Balance as at 1 January Provision made during the year Bad debts written off during the year Balance as at 31 December Ageing of advances are as follows: 210.326.32 2.277 ordinary shares (including 7.706.504.000 shares 20.000 shares The current accounts include book overdrafts from Eastern Bank Limited and HSBC for Tk 85.001 to 10.166 1.067.54 1.22 0.507.178 242.001 to 1.000 29.651 20. Share capital Authorised: 2009 Taka 200.098.354.292.230 108.407.86 0.359 respectively.000.800 95.327.000 2008 Taka 200.296.485 1.470 2008 Over six months Taka 35.455.271.800.09 0.125) 19.086.881 2008 Taka - Issued.342.152 525 35 15 6 6 1 4 4 6.79 % Suppliers against materials and services Agents and employees Landlord against rent 33.970 8.184. 32 100.462 352.405 16.729 599.846 67.381 1.16 7.221.567 17.737 1.001 to 30.01 2009 2008 6.78 0.462.000 Advances (considered doubtful) to: Agents and employees Less: Provision against advances to agents and employees Advance income tax Security and other deposits 20.390.000 27. Cash and cash equivalents Cash balances: On hand In transit: From stores From depots From institutions 574.82 0.00 136.508 and Tk 1.330 599.88 7.060 5.400 Taka 100.219 123.230.124 44.03 9.000 shares Balances with banks in: Current accounts Short term deposits 100.319.939.292.800 45.738.00 136.18 0.606.800 11.592.10.52 0.000 ordinary shares of Tk 10 each 2.166 33.792 501 to 5.706.577 2009 Taka Classification of shareholders by holding: Holdings Less than 500 shares 100.850.11 % 95.000 28.976.000 % of total holding 11.760.551 17.846 870. Advances.175 93.228.592 1.09 0.001 to 100.906.002) 345.202.698 180.43 1.881 35.097.000 shares Over 1.V.504.462.844.504.865 38.000 shares 50.001 to 50.78 5.470 28.040 574 28 13 7 7 1 5 4 7.00 .594 17.06 100.164 33. deposits and prepayments Advances (considered good) to : Landlords against rent Agents and employees Suppliers against materials and services 2009 Taka 64. Local shareholders 2009 2008 Advances to: Below six months Taka 31.165 17.680 1 2008 91.00 33 70.01 1.993.749 1 2009 Number of holders 7.230 108.577 12.96 6.967.400 Taka 70.000.903 1.895.507.90 (2008: Tk 325.000 28.800.597 27.501 (369.
520 (157. 33.366 140.992 17.836.401.942 (145.648.226.064.000 4.293 15.160.522.415.254.798 38.332 403.613.580 518.213.000) (143.312 2008 Taka 71.316 15.878 48.312.778.736) (8.2 449.863.260.982 127.323.347.2) Non-distributable special reserve 13.612.575 371.357 58.407 2.754 2.000) (143. Product category Shoe - Unit 14.660 208 4.607 612.490 24.000.674.248 1. the requirement for continuing to create such special reserve is applicable only to the profit on sale of immovable assets such as land.341 119.400.169 1.075 835.964.417 1.626 73.159.634 278. etc Balance as at 1 January Unclaimed dividend reversed Final dividend -2008 Interim dividend -2009 Profit for the year Unappropriated profit Creditors for other finance Workers' profit participation fund Personal accounts of employees and agents Security and other deposits Provident fund Tax deducted at source Pension fund VAT deducted at source Salary and wages payable Inter company payable Others Provision for tax Current year Earlier years (net of advance tax) Revenue 13.1 This represents 90% of the cumulative post-tax profit in respect of certain categories of income up to 1992 as defined and directed by Bangladesh Bank.149.141.873.000) 873.620 2008 Taka 17. Pair Pair Pair 1.327 2.062 135 3.744.040.718 1.318 432.583. Reserve on revaluation of land General reserve Reserves and surplus Non-distributable special reserve (Note 13.275 12.360 Leather Shoes Pair 177 Payable to BSO companies 16.315 19.634) 4.320.702 1.975 173.060 446.156.748.959.770.044 8.075 449.504 158.105.864.954 Payable to local suppliers Accrued liabilities Payable to BSO companies 208.387.631.708 50.655) 34 35 .320.928 4.000 1. Creditors for expenses The above revenue has been arrived as follows: Gross Revenue Net of VAT Wholesale trade discount 4.668 2.116 13.520 983.804 184.623.916.000 998.047 Less: Sales proceed from wastage.073.531. Net revenue 5.526 Amount '000 Taka 310.356.196) (10.352.477 454.275 140.748.500 18.072 2009 Amount '000 Taka 266.941 12. Deferred liability represents provision for staff gratuity up to 31 December 2009.417 180.907.687.967 236. Unappropriated profit (Note 13.677.702 387.353 45.863.915 13.674.000) 724. scrap.856 Quantity in '000 16.265.910 228 8.172 97.292. Payable to local suppliers Creditors for goods Export - Pair Sft.500 6.087 353.000 270.562.13. etc.922.318 2008 2008 Taka (157.194.623.640.437 1.1) 60.429.202 575.508 1.715.816 23.183 724.573 129. Add: Provision made during the year Less: Paid during the year Forfeited during the year Balance as at 1 January 127.183 873.433.265.631.406.439.257.620 2009 Taka 60.977.171 18.000.481. buildings.304 Balance as at 31 December 15.717.000 998.064.554 1.149.640.708 131.194.387 2.984.639 - Deferred liability Plastic Thong Rubber and canvas Hosiery Leather Pair Quantity in '000 15.233 260.445 - 724.312 2009 Taka 4.317.626.039 4.575 144.995.077 (136. Since 1993.635.000 252.922.748.587.075 19.205 778.063 4.000.769 158.323 48.341 97.995.477 2009 Taka 32.240.465.
684 - 1.970 2.250 119.101.586 - The opening and closing stocks of goods produced as per category are shown below: Figures in '000 pairs Shoe Category – Plastic – Thong – Rubber and Canvas – Leather Closing stock 835 973 482 2.547 903.000 1.406.831 5.990.176.634) 6220.127.116.112.999.518 2009 Taka 144.549.473 317. 2.843.103.351 949.378.325.000 556.925.911.450. plant and equipment Discount for early payment General trading Previous year's figures have been rearranged.094 20. 333.024 882.148 114.085 1.432 1.304 1.246 13.217 310.912 26.587.2 Repairs and maintenance Repairs and maintenance amounting to Tk 74.914 Tongi Manufacturing overhead : Remuneration to employees Gas.560 30.947.545.250.104 3.792 1.792 2.083.970 2.150.783.945 3.029 1.180 7.386 (8.259 69.960.250. (1.776.512 Other income Profit/(loss) on disposal of property.304 6.989.313.107 - 8.851.526.859 6.639 264.234 2009 Taka 4.613.215 2.531 Figures in '000 pairs Shoe – Plastic – Thong Actual production 16.601.539 3.732 28.366 1.396.709.662.673 4.1 Cost of materials consumed Description Imported: Unit Quantity Opening stock Value (Taka) C&F value (USD) 1.238 4.636. scrap.237.407 37 .504 576.410.304 6.131 4.000 40.579.937 32.740 20.1.556.1 Direct wages Cost of goods manufactured Cost of materials consumed (Note 20.997.494.585 - Quantity Purchase Value (Taka) 107.468 26.989.587.786.1) Finished goods purchased Less: Stock of finished goods as at 31 December 1.392 2009 Duty drawback of Tk.604 352.222.317.127 2008 20.392.379 308.308 2. 2009 2008 203.641 Quantity Closing stock Value (Taka) Quantity Consumption Value (Taka) EVA resin PVC resin Wet Blue Others Kg Kg Sft 102.695.823.587 2.083 2.019. water and electricity Repairs and maintenance (Note 20.250 4.462 20.643 384.926.566.176.267 1.500 46.241.960.784.750 10.488.030.818.000 18.308 630.123 700.610.983.219) 8. wherever necessary.930.112.928 74. etc.961.392 2.786.950 113.2.232 119.947.867 4.673 2.382 Local purchase Sales proceed from wastage.616 1.296 - 152.571.417 282.976 7. moulds and accessories consumed.052.197 - 111.961.214 6.880 6.1.306.052.004.972 985.396.462 1.363 (13.144.055) 287.559.575 604.517 and EUR 12. 2.087.1 Production capacity and actual production of each category are given below: Category Installed capacity 18.317.923 2008 Taka 20.563 (including C&F value of US$ 483.005.340 1.646.600 1.807.634) 663.277.556.317.703.750 11.665 77.140.618.725 150.599.555.177 2008 Taka – Rubber and Canvas – Leather 6.881 includes Tk 34.943 2008 Actual production in pairs Figures in '000 19.196 105.316 (8.047 74.404 2008 Taka 20.1.737 7.854.679.539 2.140 2009 Taka 832.590.968.450 Opening stock 685 995 730 2.674 113.980 47.625.843.420 12.664 74.266.052.235.512 426.686.285.471 252.041 claimed on export sales have been adjusted against cost of raw materials.823. 20.792 2.073 - 146.000 111.478.220 39.033.330 317.271.394.539.20.325 176. to conform to current year's presentation.666 1.937 75.462 961.008 of imported items) representing cost of spare parts. Cost of goods sold Stock of finished goods as at 1 January Add: Cost of goods manufactured (Note 20.431 30.072.924.875.375 66.673 2009 25.721.881 3.468 1.106.133 21.914 2.1) 1.465.866.823.549 88.112.2) Insurance Uniform to workers Health and other welfare expenses Travelling Postage Freight and transport Stationery Entertainment Depreciation (Note 4.710.997.1) Difference in work in process : Work in process as at 1 January Work in process as at 31 December Cost of goods manufactured 36 Dhamrai 22.135 135.680.549 389.436.104 6.190 1.842 20.2 Statement of production Production capacity in pairs Figures in '000 23.
920.266.283 8.777.407.717 21.3 Legal and other professional fees include fees of Tk 3.133.966 7.980 56.915. 38 39 .199 107. Scholl brand.501 27.014.875 1.378 45.363.22.312.873 27.226 16.913 32.4 22.215.043. Commission Retail Export 121.040.655.971.203.655.3 22.000 5.154.4 22.078 2.833.147. 32. 21. samples.000 35.090 4.785 105.326 5.000 and USD 1.664 USD 35.713.099. bad debts.018 3.241 1.991.880.215.4 4. Global Footwear Services fees and trade mark licence fees of Tk 8.226.010.959 9.452.159.715 4.576.081 123.547 6.700 31.145 17.136.462 2.482 78.956.935.041.788 22.326 28.839.195.997.960.773 951.957 2.525 6.813 (2008: Tk 2.463 766.674.953 56.420.322 33.954 respectively represent equivalent foreign currency of USD 125. 5.292.461 6.256.860.137 9.651.000 70. etc.914.054 24. selling and distribution expenses Notes 2009 Taka 360.669.4 22. royalty on Dr.4 23. Finance expenses Interest on: Overdraft Lease finance Personal account Emoluments to directors Remuneration Bonus Retirement benefit schemes Housing Emoluments to managers Remuneration Retirement benefit schemes Housing 10.165.413.821 29.380 38.104 431. 41. tax certification and services regarding assessments/appeals and advisory services.465.975. Contribution to employees' provident fund and pension fund During the year 2009 the company contributed the following amounts to the employees' provident fund and pension fund: Provident fund : Managers Officers & supervisors Workers Pension fund 5.1 Previous year's figures have been rearranged.498 2.357 972.917 5.700 22.391.332 Profit before tax This includes profit amounting to Tk 357.038) of leather shoe factory and tannery at Dhamrai.114 23.734. Bad debts represent the following: Provision against advances to agents and employees Provision for bad debts reversed Bad debts previously write off now recovered Taka (1.963 21.227. General charges General charge represents security service.880 2.513 81.925 22.419 14.947 2.165 32.2 Legal and other professional fees 22.816 9. Remuneration to employees Health and other welfare expenses Travelling expenses Bank charges Repairs and maintenance Stationery Postage.043.571.752.938 10.147 9.638.206 6.551.055.128.279.559.477.625.413.413.837 101.692 8.646.177.860.871 Fixed deposit 6.209 20.940 22.273.215) of the statutory audit firm in connection with global reporting. 2009 2008 Taka Taka Finance income Interest on: 4.700 and Tk 107.660. wherever necessary.556.2 24.1 22.606.576 5.984 1.521.108.083.793 12.535 9.968 22.351 106.480.983.519 9.24 provided during the year as provision for expenses.832.019.672 2.903) (126.785 8.350.1 25. to conform to current year's presentation.572 36.348 1.034 89.088.142 62.660.358 40.954 6.595.207 14.215 99.158.553.169 123.338 9. Tk.881 72.193 2.340 6.495 26.148 25.583.040.337.488 1.977.712.500 3.454.477.167.678 44. Royalty on Hush Puppies brand .222. Tk.665.211 2008 Taka 310.238 9.174.346.342 106.821.231 3.048 (2008 : Tk 387.230.420 2.000 418.364.682 93.504. rates and taxes General charges Directors' fees Auditors' fees Legal and other professional fees Insurance Land revenue Freight and transport Packing expenses Commission Royalty on Hush Puppies brand Royalty on Dr.269.832.077 8.616 1. Scholl brand Global Footwear Services fees Electricity Trade mark licence fees IT fees Depreciation Administration. telegram and telephone Entertainment expenses Subscription and donation Advertisement Rent.854.078.160.000 357.064 13.286. 2.884 26.016.568.757 9.174.091 9.816.966 SGD 660.188 37.401 3.472 774.859 68.136) 806.087 Short term deposit Exchange gain Personal account 269.
Czech Nature of relationship Group company Group company Nature of transaction Purchase Claim Service received Sales Transactions during the year (Taka '000) (259. 31.219. Sri Lanka Bata.165) (382) - 21.852.136) (107.364) 106 19.553. Jakarta Global Footwear Service Pte.680.85 2009 Taka 449.104 177.500 66.097) (6. USA Nature of transaction Dividend Currency USD Amount in foreign currency 2.000) (35.445 13.000 and above was 1. Singapore Bata. Italy BB Export Limited Euro Footwear Holdings s. Scholl Brand Footware services fees SGD USD GBP 445.216) (6. the company has so far made provision for Tk 368.. Number of employees 36.793.2 million. SSL International PLC Global Footwear Service Pte.061 1. Service received Liability for Service received Subscription of shares 19. However.621 Bata.362) 343 (139) (16.000) 106 - 31.680.678 (555) (1.85 2008 Taka 34.1 Earnings per share Basic earnings per share (EPS) subscription of shares Key management employee Directors Key employees Salary and other Incorporation expenses benefits -do- The computation of EPS is given below: Earnings attributable to the ordinary shareholders (net profit after tax) Weighted average number of ordinary shares outstanding during the year Basic earnings per share (EPS) 31.000 (2008: Tk 763.228 Taka Compass S.000) against the above contingent liabilities.970.a.a.573) 33 (1. Remittance of foreign currency Name of party Bafin (Nederland) B.604.800 Amount in local currency Taka 33..640. 32.V. Ltd. Thailand The figures represent net of tax.l.970. Transactions with related companies are priced on arm's length basis and are in the ordinary course of business.A.l.519).000 32.r.415.29.625 189. Singapore Wolverine World Wide Inc. 35.406. Events after the reporting period For the year 2009 the Board of Directors recommended a final dividend of Tk 10. 30.900 4.492. The number of employees for the whole year or part thereof who received a total remuneration of Tk 36. Related party transactions Name of the party Bata. Contingent liabilities There are contingent liabilities on account of unresolved disputed corporate tax assessments and VAT claims by the authority aggregating to Tk.220) (207.083.739. 654.529 858. Ltd.702 13.469 198. Considering the merits of the cases.000 at the board meeting held on 20 April 2010. Sepatu Bata.000 32. 103 million and letter of guarantee of Tk.000).000 (2008: 335.660.T.970.2 Diluted earning per share 449.573) - Export of – Finished leather – Shoes Unit Pair Sft Quantity 135.000 (19.362) (867) (14) (105) Receivable/ (payable) as at 31 Dec 2009 (Taka '000) (17.50 per share amounting to Tk 143.970.601 58.274) (101.005. Capital expenditure and financial commitment There were no capital expenditure and financial commitments as at 31 December 2009 (2008: Nil) - No diluted earnings per share is required to be calculated for the year as there was no scope for dilution during the year. 4.P.r. Earnings in foreign currency Puppies Brand Royalty on Hush Bata (Malaysia) Berhad Group company Group company Service received Group company Service received Service given Purchase Service received Purchase Claim Service received Trade mark licence fees (163) 16 (715) 340 (139) - P.884 8.000 (19.497) 1.643. There is also contingent liability in respect of outstanding letters of credit of Tk.243 Royalty on Dr. it has not been deemed necessary to make provisions for all such disputed claims.592 USD C&F value Bata Brand S. 40 41 . Luxembourg 13. Singapore Group company Group company Group company Group company Group company Subsidiary company Service received (32.510 (2008: 1...
969 184.030.000 fJKrU 10.702 (9.714.940) (5.140) 7.573 8.476 8.132.518 (948.854.219.419) 10.000) (32.752.154 (951.536.518 4.879. 2010 mOy¸KfmJr xTJu 10:30aJ~ iJorJA TJrUJjJ.237.406.383.463 648.942 1.218.920.085.355.708) 662.702 170.660.632) 93.443 (159.687 (564.470.356. dJTJ~ IjMKÔfmq mJaJ xM ßTJŒJjL (mJÄuJPhv) KuKoPac-Fr IJaK©vfo mJKwtT xJiJre xnJ~ IJoJr/IJoJPhr CkK˙Kf KuKkm≠ TruJoÇ ßv~JrPyJﬂJPrr jJo ˝Jãr k´KfKjKir jJo ˝Jãr ßv~JrPyJﬂJPrr lKuS / KmS jÄ xnJTPã k´PmPvr kNPmt CkK˙Kf k©UJjJ k´hvtPjr IjMPrJi TrJ pJPòÇ .932.067.000.872 (3.211) 656.273.445 539.097 CkK˙Kf IJKo/IJorJ FfÆJrJ 24 \Mj.645) (1.103.353) 652.000 449.441.915.000 449.055 619.669.498 562.314.000.656.127.776 (358. 24 \Mj 2010fJKrPU IjMKÔfmq ßTJŒJjLr IJaK©vfo mJKwtT xJiJre xnJ~ FmÄ Fr oMufmL ßWJKwf xnJ~ IJoJr / IJoJPhr kPã CkK˙f gJTJr FmÄ ßnJa k´hJj TrJr \jq KjpMÜ TruJoÇ ˝Jãq KyxJPm IJ\ 2010 fJKrPU IJKo / IJorJ FA hKuPu xùJPj ˝Jãr TruJoÇ 1.504.407 4.067.579) (3.971.043.391.286.000) ßv~JrPyJﬂJPrr ˝Jãr k´KfKjKir ˝Jãr 175.016.103.097 - (33.241.502.722.077 IJKo/IJorJ KbTJjJ mJaJ xM ßTJŒJjL (mJÄuJPhv) KuKoPac-Fr ßv~JrPyJﬂJr KyxJPm \jJm / ßmVo ßT IJoJr / IJoJPhr k´KfKjKi KyxJPm IJVJoL mOy¸KfmJr.634.923) 7.995.623.000 180.247.757.327 2009 Total k´Ké lro 2008 Total Exhibit .614.653.521.029) 253.618.834.111) 1.419.298 - (3.445 180.00 aJTJr rJ\˝ KaPTa (ßTJŒJjLPf xÄrKãf ßv~JrPyJﬂJPrr ˝Jãr ImvqA KouPf yPmÇ) ˝JãLr ˝Jãr 81.415.714.540.000) (4.108.592.621 (28.135) 94. selling and distribution expenses Finance income Finance expenses Profit before tax Tax expense: Current tax Deferred tax Profit after tax for the year Profit from operating activities Profit before contribution to WPPF Contribution to WPPF (2.573) 568.442.666 1.064) 9.708 89.903 367.615 Trading Taka 611.445 (3.774) 9.312.903 172.375.I IjMV´y TPr CPuäU TÀj ßv~JrPyJﬂJPrr lKuS / KmS jÄ ßv~Jr xÄUqJ Taka Taka Cost of goods sold Gross profit Other income Administration.141.692.802 (3.781.720.504 7.864.Bata Shoe Company (Bangladesh) Limited Profit and Loss Account for the year ended 31 December 2009 Manufacturing Taka Revenue 4.153 629.109 (3.612.693.
Shareholders are requested to hand over the Attendance Slip at entrance of the meeting hall.batabd. of Shares held being shareholder(s) BATA SHOE COMPANY (BANGLADESH) LIMITED. 2010 at 10:30 a.com .) Revenue Stamp of Tk. I/We Please Quote No. 2010 and adjournment thereof and the poll that may be taken in consequence thereof./Ms. As witness my/our hand this day of 2010 of Signature of Shareholder (s) Date Signature of Proxy Signature of Witness (Signature of Shareholder (s) must be in accordance with specimen signature with the Company. Full name of the Shareholder (in block letter) Full name of the Proxy (in block letter) Signature Signature ATTENDANCE Shareholder's Folio / BO No.00 I/We hereby record my/our presence at the 38th Annual General Meeting of Bata Shoe Company (Bangladesh) Limited at Dhamrai Factory. entitled to vote hereby appoint Mr. Dhaka on Thursday 24 June.com www. SHOE COMPANY (BANGLADESH) LIMITED TONGI. as my/our proxy to attend and vote for me/us and on my/our behalf at the 38th Annual General Meeting of the Company to be held on Thursday 24 June.Form of Proxy Shareholder's Folio / BO No. GAZIPUR TEL: +880-2-9800501-5 FAX: +880-2-9800511 E-MAIL: bata518@batabd. 10.m.
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