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IDLC Finance Limited

Balance Sheet
As at December 31, 2008.

Amounts in Taka
Note 2007 2008

ASSET
Non-current assets
Property & Equipment Intangible asset Investment in subsidiary companies Investment in non-marketable securities Defferred tax assets Lease receavable: Gross lease receavable-net of current maturity Unearned lease income-net of current maturity Advance for leases Direct finance-net of current maturity: Long-term finance Real estate finance Car loans Personal loans ### 2866639 50999800 ### 17751467 ### ### 54071249

### ### ### 34991535

Total non-current asset Current asset
Account receavable Advance, deposites and prepayments Investment in marketable securities Inter-company receavable Margin loans to port folio investors Short-term finance Current maturity of gross lease receavables Current maturity of unearned lease income Current maturity of direct finance Fixed deposite Cash & cash equivalents ### ### ### 13871018 ### ### ### ### ### ### 84995814

Total current assets

Total assets

net of current maturity Deferred liability-employee gratuity Portfolio investors fund Fund from CIDA for LEIC project Interest suspends accounts Provision for doubtful accounts & future losses ### ### ### ### 3968119 34194178 32444486 12581868 40816964 ### Total non-current liabilities Current liabilities Current maturity of long-term loans. deposites & advances Short-term loans Payable & accrude expense Porovision for current taxation Inter-company payables Unpaid divident ### ### ### ### 8325853 1923500 Total current liabilities Total liabilities .net of current maturity Unsecured long-term loans .net of current maturity Refundable deposite-net of current maturity Term deposites-net of current maturity Liabilities under finance lease.SHAREHOLDERS EQUITY AND LIABILITIES Equity Shareholders fund: Share capital Share premium Reserves and surplus: General reserve Divident equilaisation reserve Retained Earnings ### 3750000 ### 46500000 ### Total equity Non-current liabilities Secured long-term loans .

Total equity & liabilities .

ited 2009 nts in Taka .

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2008 Amount in taka Note 2007 2008 ### ### ### 48081940 56411191 ### 16993619 44024780 4237863 Operational revenue Income from lease finance Income from real estate finance Income from term finance Income from short-term finance Income from car loans Income from investment in securities Income from structured finance Income from personal loans Fees for management of leic Less: Operational expense Financial expense General & administrative expense Depreciation on property & equipment Amortisation of intangible assets Allowance for doubtful accounts and future losses Other operational expense ### ### 30945884 2201070 ### 2778298 Profit on merchant banking operation (as per separate profit & loss account enclosed) Operating profit Other income Profit befpre taxation LESS: tax expense Current tax Deferred tax ### 115685 Profit after taxation Earnings per share .IDLC Finance Limited Profit & loss Account for the year ended December 31.

IDLC Finance Limited Merchant Banking Operation Profit & loss Account for the year ended December 31. 2008 Amount in taka Note 2007 2008 Operational revenue Underwriting commossion Custodial fees Issue management fees Income from portfolio management service 12500 397700 ### Less: Operational expense Financial expense General & administrative expense Depreciation on property & equipment Provision for mergin loan Other operational expense ### 16068765 1718998 16786002 15784973 Profit from operation .

mited 2009 unt in taka .

ted 2009 n unt in taka .

2008 Note A) Cash flows from operating activities Receipts from operational revenue Interest payments Cash payments to employees & suppliers Cash generated from operating activities before changes in operating assets/liabilities (Increase)/decrease in operating assets: Lease receavable Long term finance Real estate finance Car loans Personal loans Investment in non-marketable securities Investment in marketable securities Margin loans to port folio investors Accounts receavable from advances Funds from CIDA for LEIC project Increase/(decrease) in operating liabilities: Accounts payable Increase in lease advance & term deposites Net cash used in operating activities before income tax & other income other income Income tax paid Net cash used in operating activities B) Cash flows from investing activities Purchase of property & equipment Disposal of property & equipment Acquisition of in tangible assets Net cash used in investing activities .IDLC Finance Limite Case Flow Statement for the year ended December 31.

C) Cash flows from financing activities Drawdown of long term loans Repayaments of long termloans Term Deposites Net drawdown of short term loans Divident paid Net cash from financing activities D) Net (decrease)/increase in cash & cash equivalents (A+B+C E) F) cash & cash equivalents at January 1 cash & cash equivalents at December 31 (D+E) .

Limited Amount in taka 2007 2008 ### ### ### 2009 nt ssets/liabilities ### ### ### 555472 -44408101 -3216500 68088270 ### 539395490 -42389672 343697676 132929621 108841772 ### -35338056 2478994 -2742375 .

### ### ### 252132907 -29491571 alents (A+B+C) .