Linde Bangladesh Limited

Balance sheet

Particulars

Property, Plant and Equipment

Intangible assets
Advances, deposits and prepayments
Total non-current assets
Inventories
Receivables/Trade and other receivables
Current tax assets
Investment
Cash and cash equivalents
Total current assets
TOTAL ASSETS
Share capital
General Reserve

Non-controlling interest

OTHER COMPONENT OF EQUITY

Total equity
Other Non-Current Liabilities
Deferred tax liabilities
Retirement benefit obligations

Total non-current liabilities

Trade creditors/Payables
Liabilities for Expenses
Income Tax Payable
Other liabilities
Total current liabilities
Total liabilities
TOTAL EQUITY AND LIABILITIES
 Net Asset Value (NAV)

Linde Bangladesh Limited

Income statement
Particulars
Net revenue
Less: Cost of revenue
Gross profit
Less: Operating Expenses
Add: Other income
Less: Other Expenses
Income from operation
Finance Income
Less: Contribution to Workers' Profit Participation Funds (WPPF)
Profit before tax
Less: Provision for Income Tax
Net profit after tax
Consolidated Earnings Per Share (EPS) - Basic
angladesh Limited
alance sheet

2016 2017 2018

2,543,935,000 3,218,638,000.00  3,445,462,000.00

26,412,000.00 18,699,000.00 11,755,000.00

74,390,000.00 80,500,000.00 90,757,000.00
2,644,737,000.00 3,317,837,000.00 3,547,974,000.00
728,622,000.00 683,575,000.00 842,895,000.00
487,824,000.00 608,505,000.00  618,969,000.00
- 11,113,000.00 -
10,299,000.00 10,535,000.00 10,753,000.00
1,391,223,000.00 1,132,356,000.00 1,604,221,000.00
2,835,149,000.00 2,626,970,000.00 3,301,253,000.00
5,479,886,000.00 5944807000 6,849,227,000.00
152,183,000.00 152,183,000.00 152,183,000.00
3,032,714,000.00 3,523,474,000.00 4,304,151,000.00

2,000.00 2,000.00 380

- - 16,069,000.00
3,184,899,000.00 3,675,659,000.00 4,472,403,380.00
215,861,000.00 235,499,000.00 248,235,000.00
115,776,000.00 299,171,000.00 327,328,000.00
139,007,000.00 161,342,000.00 155,465,000.00

470,644,000.00 696,012,000.00 731,028,000.00

1,469,399,000.00 1,411,322,000.00 1,413,511,000.00
136,355,000.00 161,814,000.00 146,017,000.00
218,589,000.00 - -
0 0 86,267,000.00
1,824,343,000.00 1,573,136,000.00 1,645,795,000.00
2,294,987,000.00 2,269,148,000.00 2,376,823,000.00
5,479,886,000.00 5,944,807,000.00 6,849,226,380.00
 209.28 241.53 293.88

sh Limited
ement
2016 2017 2018
4,270,585,000.00 4,941,799,000.00  5,460,190,000.00
2,290,426,000.00 2,632,227,000.00  3,177,097,000.00
1,980,159,000.00 2,309,572,000.00 2,283,093,000.00
743,510,000.00 933,955,000.00 906,805,000.00
- - 30,539,000.00
3,085,000.00 18,847,000.00 -
1,233,564,000.00 1,356,770,000.00 1,406,827,000.00
19,833,000.00 16,009,000.00  29,335,000.00
62,675,000.00 68,645,000.00 71,814,000.00
1,190,722,000.00 1,304,134,000.00 1,364,348,000.00
-309,634,000.00 -351,522,000.00 -360,700,000.00
881,088,000.00 952,612,000.00 1,003,648,000.00
57.9 62.6 65.95
 Liquidity Ratio Liquidity Ratio
Particulars 2016 2017 2018 2.01
Current Ratio 1.55 1.67 2.01 1.55 1.55 1.67 1.67
1.15 1.24
Quick Ratio 1.15 1.24 1.49
Cash Ratio 1.55 1.67 2.01
2016 2017 2

Activity Ratio Current Ratio Quick Ratio Cash Ratio

Particulars 2016 2017 2018
A/R Turnover 8.75 8.12 8.82 Particulars 2016.00 2017.00
ACP 0.00 0.00 0.00 A/R Turnover 8.75 8.12
I Turnover 3.14 3.85 3.77 I Turnover 3.14 3.85
IPP 4.94 5.27 4.27 A/P Turnover 1.56 `1.87
A/P Turnover 1.56 `1.87 2.25 TAT 0.78 0.78
PPP 2.45 2.55 2.55 CAT 1.51 1.51
Operating cycle 4.94 5.27 4.27 FAT 1.61 1.49
CCC 2.49 2.72 1.72 ET 1.34 1.55

TAT 0.77932 0.78 0.79719799037 ACP 0.00 0.00

CAT 1.5063 1.51 1.653975021 IPP 4.94 5.27
FAT 1.614748 1.49 1.5389599811 PPP 2.45 2.55
ET 1.340886 1.551634 1.22086259581 Operating cycle 4.94 5.27
CCC 2.49 2.72
quidity Ratio

2.01 2.01
1.67
1.49
1.24

2017 2018

Quick Ratio Cash Ratio

8.82
8.75

2018.00 ACTIVITY RATIO

8.12

8.82
3.77 2016.00 2017.00 2018.00
3.85
3.77
3.14

2.25 2.25

1.65

1.61
1.56

1.54

1.55
1.51
1.51

1.49

1.34

1.22
0.80
0.78
0.78
0.80
1.65
A/R I A/P TAT C AT FAT ET
1.54 Tu r n o v er Tu r n o v er Tu r n o v er
1.22

0.00
4.27
Acti vity Rati o
2.55 Column F Column G Column H
5.27
5.27
4.94

4.94

4.27
4.27

4.27

1.72
2.72
2.55
2.55

2.49
2.45

1.72
0.00
0.00
0.00

AC P IPP PPP O p e r a ti n g CCC

cycle
 3 Fctor of DuPont Analysis
Particulars 2016 2017 2018
NPM 21% 21% 18%
TAT 0.78 0.78 0.80
EM 1.72 1.62 1.53
ROE 28% 26% 22%
 Base Information
Particular NPM TAT EM ROE
2016 21% 0.78 1.72 28%
2017 21% 0.78 1.62 26%
2018 18% 0.80 1.53 22%

Sensitivity of NPM with ROE

Particular NPM TAT EM ROE Changes
2016 21% 0.78 1.72 28%
2017 21% 0.78 1.72 28% 2%
2018 18% 0.80 1.72 25% -11%
Average -4%

Sensitivity of TAT with ROE

Particular NPM TAT EM ROE Changes
2016 21% 0.78 1.72 28%
2017 21% 0.78 1.72 28% 2%
2018 21% 0.80 1.72 29% 2%
Average 2%

Sensitivity EM with ROE

Particular NPM TAT EM ROE Changes
2016 0.21 0.77932 1.72 28%
2017 0.21 0.78 1.62 26% -4%
2018 0.21 0.80 1.53 26% -3%
Average -4%
 Linde Bangladesh Limited
Balance sheet
Particulars
Property, Plant and Equipment
Intangible assets
Advances, deposits and prepayments
Total non-current assets
Inventories
Receivables/Trade and other receivables
Current tax assets
Investment
Cash and cash equivalents
Total current assets
TOTAL ASSETS
Share capital
General Reserve
Non-controlling interest
OTHER COMPONENT OF EQUITY
Total equity
Other Non-Current Liabilities
Deferred tax liabilities
Retirement benefit obligations
Total non-current liabilities
Trade creditors/Payables
Liabilities for Expenses
Income Tax Payable
Other liabilities
Total current liabilities
Total liabilities
TOTAL EQUITY AND LIABILITIES
Net Asset Value (NAV)

Linde Bangladesh Limited

Income statement
Particulars
Net revenue
Less: Cost of revenue
Gross profit
Less: Operating Expenses
Add: Other income
 Less: Other Expenses
Income from operation
Finance Income
Less: Contribution to Workers' Profit Participation Funds (WPPF)
Profit before tax
Less: Provision for Income Tax
Net profit after tax
Consolidated Earnings Per Share (EPS) - Basic
sh Limited
heet
2016 2017 2018
46% 51% 50%
0% 0% 0%
1% 56% 1%
48% 11% 52%
479% 11% 12%
46% 10% 9%
0% 0% 0%
0% 0% 0%
44% 19% 23%
1313% 44% 48%
100% 100% 100%
100%
5% 4% 3%
95% 96% 96%
0% 0% 0%
0% 0% 0%
100% 100% 100%
9% 10% 10%
6% 7% 7%
21% 31% 31%
64% 62% 59%
6% 7% 6%
10% 0% 0%
0% 100% 200%
79% 69% 69%
100% 100% 100%

sh Limited
ement
2016 2017 2018
100% 100% 100%
54% 53% 58%
46% 47% 42%
17% 19% 17%
0% 0% 1%
 0% 0% 0%
29% 27% 26%
0% 0% 1%
1% 1% 1%
52% 26% 25%
-16% -7% -7%
119% 19% 18%
 Linde Bangladesh Limited
Balance sheet
Particulars
Property, Plant and Equipment
Intangible assets
Advances, deposits and prepayments
Total non-current assets
Inventories
Receivables/Trade and other receivables
Current tax assets
Investment
Cash and cash equivalents
Total current assets
TOTAL ASSETS
Share capital
General Reserve
Non-controlling interest
OTHER COMPONENT OF EQUITY
Total equity
Other Non-Current Liabilities
Deferred tax liabilities
Retirement benefit obligations
Total non-current liabilities
Trade creditors/Payables
Liabilities for Expenses
Income Tax Payable
Other liabilities
Total current liabilities
Total liabilities
TOTAL EQUITY AND LIABILITIES
Net Asset Value (NAV)

Linde Bangladesh Limited

Income statement
Particulars
Net revenue
Less: Cost of revenue
Gross profit
Less: Operating Expenses
 Add: Other income
Less: Other Expenses
Income from operation
Finance Income
Less: Contribution to Workers' Profit Participation Funds (WPPF)
Profit before tax
Less: Provision for Income Tax
Net profit after tax
Consolidated Earnings Per Share (EPS) - Basic
sh Limited
heet
2016 2017 2018
100% 127% 135%
100% 71% 45%
100% 108% 122%
100% 125% 134%
100% 94% 116%
100% 0% 127%
0% 0% 0%
100% 102% 104%
100% 81% 115%
100% 93% 116%
100% 108% 125%
100% 100% 100%
100% 116% 142%
100% 100% 19%
0% 0% 0%
100% 115% 140%
100% 109% 115%
100% 258% 283%
100% 116% 112%
100% 148% 155%
100% 96% 0%
100% 119% 107%
100% 0% 0%
0% 0% 0%
100% 86% 90%
100% 99% 104%
100% 108% 125%
100% 115% 140%

sh Limited
ement
2016 2017 2018
100% 116% 128%
100% 115% 139%
100% 117% 115%
100% 126% 122%
100% 0% 0%
100% 611% 0%
100% 110% 114%
100% 81% 148%
100% 110% 115%
100% 110% 115%
100% 114% 116%
100% 108% 114%
100% 108% 114%