Marico Bangladesh Limited

Income Statement

Particulars 2019
Revenue 8,768,160,138
Cost of sales -4,472,697,423
Gross profit 4,295,462,715

Marketing, selling and distribution expenses -931,650,175

General and administrative expenses -773,733,918
Other income/(expense) 1,468,444
Profit from operation 2,591,547,066

Net finance income 158,197,279

Profit before tax 2,749,744,345

Income tax expense -726,352,523

Profit after tax 2,023,391,822

Remeasurement of defined benefit plan -11,721,987

Related taxes 2,879,190
Total other comprehensive income -8,842,797
Total comprehensive income 2,014,549,025

Earnings per share Basic earnings per share (par 64.23

value of Tk 10)

Marico Bangladesh Limited

Balance Sheet

Particulars 2019
Assets
Property, plant, and equipment 468,716,557
Intangible assets 3,647,084
Deferred tax assets 47,513,604
Non-current financial assets 51,127,555
Long-term advances and deposits 4,921,872
Non-current assets 575,926,672

Inventories 1,091,494,753
Accrued interest
Advances, deposits, and prepayments 435,633,515
Short-term investment/ Other current financial assets 2,090,191,792
Cash and cash equivalents 383,101,877
Current assets 4,000,421,937
TOTAL ASSETS 4,576,348,609

Equity and Liabilities

Equity
Share capital 315,000,000
Share premium 252,000,000
Retained earnings 735,135,754
Total equity 1,302,135,754

Liabilities
Provision for gratuity
Provision for leave encashment
Employee benefit obligation 64,907,949
Non-current liabilities 64,907,949

Loans and borrowings 200,000,000

Employee benefit obligation 9,665,787
Provision for gratuity
Provision for leave encashment
Trade and other payables 2,539,270,784
Current tax liabilities 460,368,335
Current liabilities 3,209,304,906
Total liabilities 3,274,212,855

TOTAL EQUITY AND LIABILITIES 4,576,348,609

 Marico Bangladesh Limited
Cash Flow Statement

Particulars 2019
Cash flows from operating activities
Collection from customers 8,822,012,157
Payment to suppliers and for operating expenses -5,601,612,652
Cash generated from operating activities 3,220,399,505
Interest paid -13,791,469
Interest received 160,886,164
Income tax paid -638,320,374
Net cash from operating activities 2,729,173,826

Cash flows from investing activities

Acquisition of property, plant and equipment -88,842,501
Acquisition of intangible assets
Disposal of property, plant and equipment 1,229,955
(Investment in)/encashment of short-term investments -805,949,140
Net cash from investing activities -893,561,686

Cash flows from financing activities

Net proceeds from loans and borrowings 200,000,000
Net Repayment of loans and borrowings -300,000,000
Dividend paid -1,631,700,000
Net cash used in financing activities -1,731,700,000

Net increase/decrease in cash and cash equivalents 103,912,140

Opening cash and cash equivalents 279,189,736
Closing cash and cash equivalents 383,101,876
arico Bangladesh Limited
Income Statement

2018 2017 2016 2015

7,814,663,479 6,916,109,929 7,065,895,334 7,348,826,563
-4,229,519,648 -3,710,291,705 -3,884,804,007 -4,042,601,061
3,585,143,831 3,205,818,224 3,181,091,327 3,306,225,502

-579,697,303 -537,613,344 -638,507,781 -942,770,401

-860,442,410 -800,982,856 -735,664,847 -636,462,886
-8,961,977 -8,771,723 2,468,764 844,066
2,136,042,141 1,858,450,301 1,809,387,463 1,727,836,281

107,703,132 68,516,585 114,518,588 100,680,684

2,243,745,273 1,926,966,886 1,923,906,051 1,828,516,965

-601,117,912 -486,774,815 -510,077,456 -483,747,430

1,642,627,361 1,440,192,071 1,413,828,595 1,344,769,535

-205,229 10,011,988 0 0
2,554,304 -2,502,997 0 0
2,349,075 7,508,991 0 0
1,644,976,436 1,447,701,062 1,413,828,595 1,344,769,535

52.15 45.72 44.89 42.69

arico Bangladesh Limited

Balance Sheet

2018 2017 2016 2015

511,585,227 593,536,255 595,760,075 731,713,275

 6,188,057 9,118,422 13,142,320 7,284,910
58,510,013 76,756,882 81,632,588 33,726,602
11,504,048 10,366,331 0 0
28,563,337 41,208,034 2,706,000 5,167,416
616,350,682 730,985,924 693,240,983 777,892,203

1,717,322,020 1,348,927,101 1,262,292,780 1,822,852,895

13,458,959 14,021,076
610,794,216 193,919,425 169,523,023 47,175,777
1,244,197,702 1,311,435,690 847,797,172 500,000,000
269,743,772 166,833,748 480,524,575 191,990,392
3,842,057,710 3,021,115,964 2,773,596,509 2,576,040,140
4,458,408,392 3,752,101,888 3,466,837,492 3,353,932,343

315,000,000 315,000,000 315,000,000 315,000,000

252,000,000 252,000,000 252,000,000 252,000,000
925,586,729 1,013,110,293 1,141,720,944 1,145,170,637
1,492,586,729 1,580,110,293 1,708,720,944 1,712,170,637

33,417,772 35,250,107 20,465,488

10,878,348 9,012,992 6,428,033
49,861,763
49,861,763 44,296,120 44,263,099 26,893,521

300,000,000 0 0 0
6,984,584
2,997,417 5,183,998 2,646,276
2,222,794 1,844,907 1,310,915
2,222,763,532 1,740,557,065 1,283,487,511 1,245,243,909
386,211,784 381,918,199 423,337,033 365,667,085
2,915,959,900 2,127,695,475 1,713,853,449 1,614,868,185
2,965,821,663 2,171,991,595 1,758,116,548 1,641,761,706

4,458,408,392 3,752,101,888 3,466,837,492 3,353,932,343

arico Bangladesh Limited
Cash Flow Statement

2018 2017 2016 2015

7,747,157,796 6,934,216,275 7,110,627,904 7,149,084,037

-5,751,950,336 -4,582,285,098 -4,568,337,004 -6,325,870,698
1,995,207,460 2,351,931,177 2,542,290,900 823,213,339
-3,288,784 -1,816,132 -928,127 -2,502,325
134,627,224 78,682,153 110,361,916 167,912,236
-576,023,154 -525,820,940 -500,313,493 -580,950,405
1,550,522,746 1,902,976,258 2,151,411,196 407,672,845

-83,293,327 -193,103,896 -92,079,077 -49,532,157

-871,000 -847,822 -9,217,547 -3,904,959
5,650,074 2,570,132 3,716,783 1,721,794
72,847,496 -450,285,500 -347,797,172 732,516,250
-5,666,757 -641,667,086 -445,377,013 680,800,928

300,000,000 0 0 0
0 0 0 0
-1,732,500,000 -1,575,000,000 -1,417,500,000 -1,338,750,000
-1,432,500,000 -1,575,000,000 -1,417,500,000 -1,338,750,000

112,355,989 -313,690,828 288,534,183 -250,276,227

166,833,747 480,524,575 191,990,392 442,266,619
279,189,736 166,833,747 480,524,575 191,990,392
 Kohinoor Chemical Company (Banglade
Income Statement

Particulars 2019
Turnover (Net of VAT) 3,995,804,807
Cost of Goods Sold -3,275,506,984
Gross profit 720,297,823

Less: Operating Expenses

Salaries & Allowances
General and administrative expenses 68,105,914
Marketing, selling and distribution expenses 405,030,031
Total Operating Expenses 473,135,945

Operating Profit 247,161,878

Less: Financial expenses -11,251,427
Less: lmpairment charge on Goodwill
Net Profit after Financial Expenses
Income from Other Sources 8,009,809
Net Profit before Contribution to WPPF 243,920,261
Less: Contribution to WPPF and Welfare Fund -11,615,251
Net profit before tax 232,305,010
Less: Provision for Income Tax @ 25% -57,956,002
Deferred tax Income/(Expense) -58,225,557
Net profit after tax 174,349,009
Item that will not be reclassified to profit or loss:
Unrealized Gain on quoted shares -6,567,135
Total comprehensive income 167,781,874
No. of Shares 14,015,625

Earnings per share (EPS) 10.37

 Kohinoor Chemical Company (Banglade
Balance Sheet

Particulars 2019
Assets
Non-current assets
Property, plant, and equipment 313,854,039
Goodwill
Total Non-current assets 313,854,039

Current Assets
Investment in Marketable Securities 714,584,492
Inventories 4,544,635
Accounts Receivables 416,805,294
Advances, Deposits & Pre-payments 31,882,247
Short Term Investment (FDR) 178,563,503
Related Party Transaction 3,689,602
Cash and Cash Equivalents 235,533,652
Total Current Assets 1,585,603,425
TOTAL ASSETS 1,899,457,464

Equity and Liabilities

Equity
Share capital 168,187,500
Revaluation reserve 7,143,605
Revaluation Reserve 31,021,231
Retained earnings 675,291,440
Total Shareholders' equity 371,567,612

Liabilities
Non-current liabilities
Long term loan 326,089,784
Total Non-current liabilities 326,089,784
Current liabilities
Short term loan 87,366,613
Accounts payables 325,255,738
Accrued Expenses 216,616,760
Dividend payables 17,006,965
Provision for gratuity 15,317,003
Deferred tax liabilities 30,160,825
Total Current liabilities 646,246,076
Total Shareholders' Equity and Liabilities 1,899,457,464
Contingent Liability 268,101,570
Net Asset Value (NAV)/Total No. of Shares 52.42
Per Value (Tk.) 10

Kohinoor Chemical Company (Banglade
Cash Flow Statement

Particulars 2019
Cash flows from operating activities
Collection against sales 4,632,906,SOO
Payment to creditors -3,834,615
Cash Generated from Operation 798,291,275
Payment for AIT, VAT & SD -720,124,828
Refundable AIT Received from NBR 79,461,032
Net cash flow from operating Activities 157,627,479

Investing activities
Acquisition of property, plant and equipment -28,649,907
Investment in fix diposits -1,796
Investment in marketable securities 3,590
Dividend income 2,658,492
Sales proceeds of marketable securities
Receipt from sale of property, plant and equipment
lntercompany current account 103,702
Proceedsfrom saleof Fixed Assets 1,213,480
Net cash flow from investing activities

Financing activities
Payment of loan -55,542,797
Proceeds from Short Term Loan
Bank interest & others paid (l 1,251,427)
Dividend paid -12,032,840
Gratuity paid
Net cash flow from financing activities -78,827,064

Net cash lnflow/(Outflow) 52,334,250

Opening cash and and bank balances 183,199,401
Closing cash and cash equivalents
235,633,652
Net Operating Cash Flow per Share 9.37
emical Company (Bangladesh) Ltd.
Income Statement

2018 2017 2016 2015

3,661,324,088 3,393,185,456 2,996,245,717 2,656,900,567
(3,003, 180,758) 2,784,391,769 2,458,285,505 -2,179,286,324
658,143,330 608,793,687 537,960,212 477, 614, 243

166,417,853
59,044,957 54,883,450 46,771,873 9,621,036
369,289,894 345,362,350 299,938,833 148,925,846
428,334,851 400,245,800 346,710,706 324,964,735

229,808,479 208,547,887 191,249,506 152,649,508

-7,637,229 7,759,766 25,081,141 -38,207,325
-7,144,400 2,381,466 2,381,466
215,026,850 198,406,655 163,786,899
6,945,587 7,851,077 5,018,970 9,662,874
221,972,437 206,257,732 168,805,869 124,105,058
-10,570,116 9,821,797 8,038,375 -5,909,765
211,402,321 196,435,935 160,767,494 118,195,293
-55,493,109 50,572,553 41,722,328 -29,874,361
-1,412,404 932,223 253,136 3,136,512
154,496,808 146,795,605 119,298,302 91,457,444

37,588,366
192,085,174 146,795,605 119,298,302 91457444
14,015,625 14,015,625 14,015,625

11.02 12.04 9.79 9.01

emical Company (Bangladesh) Ltd.
Balance Sheet

2018 2017 2016 2015

307,824,838 312,849,492 322,959,095 310,229,902

0 7,144,400 9,525,866 298,322,570
307,824,838 319,293,892 331,484,261 11,907,332

185,134,228 147,542,355 147,546,916 731,105,851

750,731,088 478,086,812 767,238,337 8,239,430
2,327,760 2,167,018 7,308,265 300,373,494
471,032,537 315,975,211 346,425,721 24,599,302
30,086,724 28,680,150 26,728,944 147,551,754
3,793,304 3,890,602 3,655,021 5,824,876
183,199,401 234,473,700 76,824,199 128,S43,724
1,626,305,043 1,210,815,848 1,375,727,403 1,346,238,431
1,934,129,881 1,530,809,740 1,708,212,364 1,656,468,333

140, 156,250 121,875,000 101,562,500 101,562,500

7,143,605 7,143,605 7,143,605 7,143,605
37,588,366
542,989,305 425,054,297 308,728,142 219,898,591
727,877,526 554,073,602 417,434,247 328,604,695

326,089,784 326,089,784 326,089,784 326,089,784

326,089,784 326,089,784 326,089,784 326,089,784
 142,909,410 30,888,539 264,979,129 337,223,833
313,551,201 404,740,938 465,169,940 426,676,747
362,284,032 155,485,384 174,602,274 177,837,941
15,024,180 13,733,281 12,744,898 11,079,694
15,963,367 16,780,235 17,241,893 18,752,304
30,430,380 29,017,277 29,950,199 30,203,335
880,162,570 650,646,354 964,688,333 952,818,215
1,934,129,881 1,530,809,740 1,708,212,364 1,656,468,333
268,101,570 268,101,570 268,101,570 268,101,S70
51.93 45.46 34.25 32.35
10 10 10 10

emical Company (Bangladesh) Ltd.

Cash Flow Statement

2018 2017 2016 2015

4,233,170,120 3,393,185,456 2,997,087,622 2,666,563,442

-3,576,180,049 -2,393,645,386 -2,318,985,841 -2,404,713,035
261,850,407
-773,908,100 -578,073,077 -553,675,976 -51,708,285

-116,918,029 421,446,993 124,425,805 210,142,122

-22,710,799 -14,032,484 -47,797,282 -27,532,377

-1,406,574 -1,951,205 -2,129,642 -2,397,547
-1,360 -3,349 -3,078,141 -80,989,764
3,443,802 3,967,520 0 13,990,941
2,865 2,402 152,500
 247,000 866,936 839,500

-20,427,931 11,149,717 -52,163,163 -96,776,246

0 -234,090,590 -72,244,704 -42,514,020

112,020,870 0
-7,637,229 -7,759,754 -25,081,140 -38,207,325
-17,495,112 -10,355,774 -25,145,912 -276,882
-816,868 -461,658 -1,510,411 -603,827
86,071,661 252,667,776 123,982,167 -81,602,054

-51,274,299 157,649,500 -51,719,525 31,763,821

234,473,700 76,824,199 128,543,724 96,779,903
183,199,401 234,473,700 76,824,199 128,543,724

-8.34 34.54 10.21