Khulna Power Company Limited

12-14, 3rd Floor, Landmark, Gulshan North C/A,

Gulshan – 2, Dhaka 1212
Balnace Sheet Statement
Particulars 2020 2019
Propetry, Plant and Equipment 5,026,678,785 5,202,657,623
Right of use asset 7,200,153
Investment in Associate 1,158,850,000
Deferred tax asset 2,696,842 4,829,093
Total Non- Current Assets 6,195,425,780 5,207,486,716
Inventories 1,236,149,806 1,239,681,056
Receivables / Trade and other receivables 2,093,668,525 2,497,692,290
Current tax assets 106,981,542 87,317,172
Advances, deposits and prepayments 96,421,551 166,800,533
Cash and cash equivalents 159,805,204 1,264,485,317
Total current assets 3,693,026,628 5,255,976,368
Asset held for sale 2,173,277,904 2,173,277,904
Total Assets 12,061,730,312 12,636,740,988
Share capital 3,974,131,790 3,974,131,790
Capital Reserve
Retained earnings 5,801,726,684 6,041,907,023
Total equity 9,775,858,474 10,016,038,813
Deferred tax liabilities 3,367,347
Employee benefits 15,647,303 25,735,738
Asset requirement obligation(Aro) 42,111,005 38,746,442
Provision for Gratuity
Total Non- Current Liabilites 61,125,655 64,482,180
Short term loan 1,420,314,602 2,438,275,201
Deferred revenue 7,757,750
Trade creditors/ Payables 730,544,531 64,608,698
Provision for income tax 16,413,575 15,000,000
Lease liability 4,151,615
Unpaid dividend 45,564,110 38,336,096
Total current liabilities 2,224,746,183 2,556,219,995
Total liabilities 2,285,871,838 2,620,702,175
TOTAL EQUITY AND LIABILITIES 12,061,730,312 12,636,740,988
any Limited
ulshan North C/A,
a 1212
tement
2018 2017 2016
7,433,787,884 7,735,498,100 8,066,468,690

4,344,044
7,438,131,928 7,735,498,100 8,066,468,690
994,355,226 1,173,104,874 1,412,512,087
3,810,057,978 3,020,402,695 2,571,838,589
137,932,490 309,678,615 283,192,099
27,418,311 39,776,580 37,518,410
2,636,641,805 1,790,755,001 1,706,533,141
7,606,405,810 6,333,717,765 6,011,594,326

15,044,537,738 14,069,215,865 14,078,063,016

3,612,847,090 3,612,847,090 3,612,847,090
325,647,810 325,647,810 325,647,810
5,770,366,587 5,525,547,340 4,959,773,972
9,708,861,487 9,464,042,240 8,898,268,872
263,915,897 221,073,673
23,429,742 20,462,175 25,246,834
30,170,359 30,170,359 30,170,359

53,600,101 314,548,431 276,490,866

4,551,282,824 2,989,634,178 3,353,470,736

207,652,667 840,463,859 1,038,673,326

137,000,000 429,000,000 398,500,000

386,140,659 31,527,157 112,659,216

5,282,076,150 4,290,625,194 4,903,303,278
5,335,676,251 4,605,173,625 5,179,794,144
15,044,537,738 14,069,215,865 14,078,063,016
 Khulna Power Company Limited
12-14, 3rd Floor, Landmark, Gulshan North C/A,
Gulshan – 2, Dhaka 1212
Income Statement
Particulars 2020 2019
Net Revenue 5,216,294,778 8,351,115,955
Less: Cost of Revenue 3,693,827,771 6,638,542,490
Gross Profit 1,522,467,007 1,712,573,465
Add: Other income 2,404,275 61,374,764
Less: Administrative and selling expenses 85,169,901 187,976,973
Income from Operation 1,439,701,381 1,585,971,256
Finance Income 111,491,550 154,810,272
Foreign Exchange gain/(loss)
Foreign Exchange Less (29,078,058) (56,853,005)
EBIT 1,522,114,873 1,683,928,523
Less: Financial Charge (169,096,670) (245,698,659)
Profit Before Tax 1,353,018,203 1,438,229,863
Less: Provision for income Tax (3,545,826) (47,198,410)
Net Profit After Tax 1,349,472,377 1,391,031,453

Consolidated Earnings Per Share (EPS)- Basic 3.40 3.50

any Limited
Gulshan North C/A,
ka 1212
ment
2018 2017 2016
12,098,317,383 10,034,160,075 16,767,902,262
9,821,601,506 7,784,511,205 12,308,944,446
2,276,715,877 2,249,648,870 4,458,957,816
3,297,679 6,407,342 25,539,444
119,619,496 107,638,354 444,621,549
2,160,394,060 2,148,417,858 4,039,875,711
230,184,299 86,970,802
(109,957,794) (49,204,217) 49,279,548

2,280,620,565 2,186,184,443 4,089,155,259

(209,869,923) (134,550,232) (183,098,007)
2,070,750,642 2,051,634,211 4,035,223,539
161,134,505 (221,364,362) (487,073,673)
2,231,885,147 1,830,269,849 3,548,149,866

6.18 5.07 9.82

 Khulna Power Company Li
12-14, 3rd Floor, Landmark, Gulshan
Gulshan – 2, Dhaka 121
Cash Flow Statement
Particulars 2020
Cash flows from Trade and other receivables 5,646,510,860
Payment to trade and other payables (2,827,688,422)
Finance expenses paid (148,991,416)
Income tax paid (19,664,370)
Interest received 137,672,178
Other business income/(loss) 5,789,574
Net cash flows from operating activities 2,793,628,404
Proceeds from sale of fixed assets
Interest on Fixed Deposit (1,158,850,000)
Acqusition of fixed assets (84,490,574)
Net cash used in investing activties: (1,243,340,574)
(Payment)/ Receipt of short term project loan (8,285,855,365)
Dividend Paid (1,582,424,702)
Consideration payment (4,659,840)
Short term loan 7,217,971,743
Long term loan
Net cash flows from financing activities (2,654,968,164)
Net increase in cash and cash equivalents (1,104,680,334)
Effects of currency translation 221
Opening cash and cash equivalents 1,264,485,317
Closing cash and cash equivalents 159,805,204
 Khulna Power Company Limited
14, 3rd Floor, Landmark, Gulshan North C/A,
Gulshan – 2, Dhaka 1212
Cash Flow Statement
2019 2018 2017
9,530,024,796 11,379,533,006 9,326,091,078
(6,940,249,323) (10,176,134,466) (7,569,180,359)
(260,835,367) (191,360,930) (135,952,122)
(36,165,962) (227,379,311) (174,508,654)
160,982,067
11,867,860 (35,678,286) 280,818,459
2,465,624,071 751,578,244 1,727,268,402
3,002 1,365,000 1,780,000
197,032,359 71,136,202
(228,573,869) (33,285,048) (6,497,645)
(228,570,867) 165,112,311 66,418,557
(17,807,324,319) (16,245,106,544) (11,597,765,168)
(1,431,658,690) (1,632,452,398) (1,345,628,541)

15,621,248,825 17,806,755,191 11,233,928,610

(363,836,558)
(3,617,734,184) (70,803,751) (1,709,465,099)
(1,380,680,980) 843,288,573 84,221,860
8,524,492 2,598,231
2,636,641,805 1,790,755,001 1,706,533,141
1,264,485,317 2,636,641,805 1,790,755,001
 2016
17,356,029,645
(12,122,675,683)
(169,956,195)
(143,846,758)

2,810,361
4,922,361,370
85,974,919
147,762,775
(316,112,313)
(82,374,619)
(2,799,312,293)

(73,898,400)
(1,454,471,116)
(353,903,797)
(4,681,585,606)
158,401,145

1,548,131,996
1,706,533,141
 Khulna Power Company Limited
12-14, 3rd Floor, Landmark, Gulshan North C/A,
Gulshan – 2, Dhaka 1212
Ratio Analysis
Particulars 2020 2019
Short-term solvency ratios
Current Ratio 1.659976610464 2.056151809422
Quick assets 2,456,876,822 4,016,295,312
Quick ratio 1.104340279702 1.571185312632
Cash ratio 0.071830757693 0.494669989075
Net working capital to total assets 0.121730498612 0.213643405017

Activity ratios
Total Asset Turnover 0.432466540295 0.660859945055
Receivables Turnover 2.49 3.34
Average Collection Period 146.5003501811 109.1659714417
Payable Turnover 5.056266407119 102.7499809701
Average PayPeriod 72.18765203631 3.552312093434
Inventory Turnover 2.988171622138 5.355040683948
Days in Inventory 122.148271972 68.16007973461

Financial leverage ratios / Long term Solvency ratio

Debt Ratio 0.190 0.207

Interest Coverage 9.001 6.854

Long term debt to equity ratio 0.006 0.006

Cash Coveage Ratio 9.0014 6.8536

Profitability Ratios
Net Profite Margin 0.258703243285 0.166568331765

DuPont system of financial control

Return on Asset (ROA) 0.111880496587 0.110078338578
Return on Equity (ROE) 0.138041316841 0.138880397627

Market value ratios

EPS 3.40 3.50

ny Limited
shan North C/A,
1212

2018 2017 2016

1.440040922167 1.476175960058 1.226029471392

6,612,050,584 5,160,612,891 4,599,082,239
1.25179009091 1.202764785472 0.937955899982
0.499167700375 0.417364584421 0.348037444197
0.154496582114 0.145217231053 0.078724682987

0.80416677426 0.713199667365 1.191066004105

3.18 3.32 6.52
114.9474855011 109.8693837287 55.98321545041
47.29821989717 9.262160557697 11.85064075286
7.716992326424 39.40765199721 30.8000223458
9.877356953721 6.635818653158 8.714222383854
36.95320536761 55.00451701257 41.8855503018

0.355 0.327 0.368

10.867 16.248 22.333

0.006 0.033 0.031

10.8668 16.2481 22.3332

0.184478971442 0.182403891837 0.211603682474

0.148351859384 0.130090394984 0.252033952538

0.229881243026 0.193391978035 0.398746083878

6.18 5.07 9.82