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1 . I Consolidated Financial Statements (Unaudited) Of Doreen Power Generations and Systems Limited For the period from 01July2016 to 31March2017 _J I

2 Consolidated Statement of Financial Position (Unaudited) As at 31March2017 ASSETS I Notes _1_.~'!~~17_...JI._I 3_o...:.~...::c::.:~.:.:..~16 J NonCurrent Assets Propertv. plant and equipments Capital work in progress Investment 4(a) 5 6(a) ,287,084,640 2,750, ,934,513,389 3,391,541, Current Assets Inventories Trade & other receivables Advance, deposit & prepayments Short term loan Cash and cash equivalent TOTAL ASSETS EQUITY AND LIABILITIES EQUITY Share capital Revaluation surplus Share Premium Retained earnings Non controlling interest Total Equity LIABILITIES NonCurrent Liabilities Long term bank loan net off current maturity Doreen Ijara bond net off current maturity Current Liabilities Trade payables Current portion of long term bank loan WPPF and WF Payable Short term bank loan Current account with sister concern Liabilities for expenses Provision for income tax TOTAL EQUITY AND LIABILITIES 7(a) 8 (a) 9(a) 10(a) ll(a) (a) 16 17(a) (a) 19(a) 20 21(a) 22(a) 23(a) 24(a) 2,582,119,002 1,078,833,574 1,028,218, ,221, ,903,570 3,941,925 12,871,953,642 3, 272, 236, ,000, ,215, ,849,889 1,199,171,771 14,776,017 3,287,012,846 1,097,440, ,551, ,097, , 190, ,600,177 11,423,520,905 2, 747, , 800,000, , 195, ,849, ,005,352 5,973,001 2,753,024, ==3 ;:::.;15==31;:::.;0::..L::...91;:::.;8::.., 6,174,290,677 5,773,097, ,213,267 3,410,650,119 2,355,185,895 1,897,286, ,173, ,286,756 1,149,194,247 16,869,348 9,300, ,742, ,851, ,019, ,917, ,715, ,717, ,871,953,642 11,423,520,905 The annexed notes from 1 to 33 form an integral part of these Financial Statements. NAV per share with revaluation NAVp~outrevaluation ~ company s:cre:ry.) Chief(tcJI Officer \ 3

3 Consolidated Statement of Profit or Loss and Other Comprehensive Income (Unaudited) For the period from 01July2016 to 31March2017 For The 3rd' 01 July 2016 to 31 March 2017 uarter ended For The Period 01 July 2015 to January 2017 to 01 January 2016 to 31 March March2017 March 2016 Revenue Less: Cost of sales Gross Profit 25(a) 26(a) 3,543,413,058 2,471,835,419 1,071,577, ,251,240 1,171,066, ,121, ,674, ,885, ,885, ,576, ,181, ,236,309 Less: Operating expenses General administrative expenses 27(a) 138,104,344 43,179, ,429,198 47,359,648 61,152,047 52,755,386 16,196,735 25,054,709 General administrative expenses of Subsidiaries 94,924, ,673,812 31,162,913 36,097,338 Gross Operating Profit for the year Less: Financial expense Net Operating Profit for the year 29(a) 933,473, ,933, ,539, ,147, ,821,512 51,084, ,371, ,001,941 57,480,976 35,776, ,819,571 (6,396,714) Add: Non Operating Income Other income Finance income Profit before WPPF and WF Less: Provision for contribution to WPPF & WF Net Profit before income tax Less: Current tax Net Profit after Income tax Other Comprehensive income Total Comprehensive income 28(a) 30(a) 1,557, ,097,050 7,718, ,378, , ,988, ,988, , ,700 3,046, ,150 2,363,620 39,046, ,122,721 (3,809,394) 5,676,223 2,870,147 1,533,965 33,370, ,252,574 (5,343,359) 1,144,718 75, ,562 32,226, ,176,787 (6,248,921) 32,226, ,176,787 (6,248,921) Attributable to: Shareholder of the company Non controlling interest 545,917,070 8,071, ,988,755 33,917, ,756,633 (5,527,979) (1,691,696) 1,420,153 (720,942) 32,226, ,176,787 (6,248,921] Earning Per Share (EPS) Earning Per Share EPS (Restated) 31(a) (0,09) (0.06) ~~ Dhaka. 4

4 Particulars Balance as at 01July2015 Net profit for the year Issue of Shares Share Premium Adjsutment for replacement of Spare Parts for Revaluation surplus realized (Depreciation on increase value of assets due to revaluation) Adjustment for change of holding% of Non Controlling Interest Balance as at 30 June 2016 Balance as at 01 Julv 2016 Net Profit for the year Adjustment for changes in share holding position transferred to Share Capital Stock Dividend for the vear Cash Dividend for the year (Payable) Revaluation surplus realized (Depreciation on increase value of assets due to revaluation) DOREEN POWER GENERATIONS AND SYSTEMS LIMITED Statement of Changes in Equity (Unaudited) For the period from 01July2016 to 31 March 2017 Share capital I Share Premium 600,000, ,000, ,849, ,000, ,849, ,000,000 I 361,849, ,000,000 Revaluation surolus 822,361,303 (19,636,560) (29,528,894) 773,195, ,195,849 (21, 980,680) Retained Earnings 737,749,742 42,328,783 19,636,560 29,528,894 (17,238,627) 812,005, ,005, ,917,070 (731,331) (160,000,000) (20,000,000) 21,980,680 (Amount in ) SubTotal I Minority Interest Total 2,160,111,046 (7,388,904) 2,152,722,142 42,328,783 (3,876,722) 38,452, ,000, ,000, ,849, ,849,889 (17,238,627) 17,238,627 2,747,051,091 5,973,001 2, 753,024,091 2,747,051,091 I 5,973,001 2,753,024, ,988, ,917,070 I 8,071,685 (731,331) 731,331 (20,000,000) (20,000,000) Balance as at 31 March 2017 Company Secretary 960, I 361,849,889 I 751,215,169 ~ ~ Chiern7/f t"' 1,199,171,771 14,776,017 3,287,012,845 5

5 Consolidated Statement of Cash Flows (Unaudited) For the period from 01July2016 to 31 March July2016 to 31 01July2015 to 31 March 2017 March 2016 A. Cash flows from operating activities Receipt from customers I 2,857,291,885! ,894,947 Payment to suppliers I (!,Z:8_0/t_9J~~~5JJ Payment for direct expenses and administrative expenses i (184, 975,650) i Payment for Commission on bank guarantee and Land mortgage I expenses 1 (_?!0_8_')~~±11] Interest payments (522, 921,853)! Income Tax Payment rn! ~~I?l~)_i : Other income 1,557,658 Net cash flow from operating activities 361,681,362 (365,426,709) (162,052,388) (1,350, 758) i (63,798,540) (3,430,287) 223, ,059,965 B. Cash flows from investing activities Acquisition of property, plant & equipment Investment in FDR Interest received Short term loan Insurance Claim Payment for Civil and Building Construction Payment for Power Plant Machineries Advance Payments for Land and Land Development Bank Guarantee Margin Net cash used in investing activities C. Cash flows from financing activities Issue of paid up share capital Receipts of share premium Receipt/( repayment) from term bank loan Receipt/(repayment) from Short term bank loan Received of long term bank loan Loan received from Sister Concern Net cash flow from financing activities (104,403,421) (2, 724,000) i. (23,066,174). i ( 42,345,372) 10,798, ,670 (318,614,693). 33,500,000 (55,607,822) (162,641,451) i (139,776,947) (1,372,190,964) I (3,274,000) i ( 4,189,000) i ~~~~~~~Ii~ ~'~,,_c1_1~,8_2_0... (328,852,364) (1,855,193,907) Ji 200,000, ,000,000 (704,294,021).. (983,900,009) 255,148,583 1 I 2,858,490,857 I 1 489,594,456 Ii (182,762,824) ( 173 I 936,2 68) I '.... (2_4..;...,3_1_,5,_92_0"') i (133,487,250) 2,247,512,104 D. Net increase/( decrease) in cash and cash equivalent (A+B+C) E. Cash and cash equivalent at beginning of the year F. Cash and cash equivalent at end of the year (100,658,252) 104,600,177 3,941, ,378,162 27,226, ,604,191 Consolidated Net Operating Cash Flow Per Share (CNOCFPS) Con~:t Operating Cash Flow ~d) CompanySecretary " j ChiefFiai1icer ~~ ~ /~v ~

6 Statement of Financial Position (Unaudited) As at 31March2017 I Notes II~ _3_1_. T_o!_~_2a_o_17_... l l... 3_0_.~_:_~~16_... ASSETS NonCurrent Assets Property, plant and equipments Investment Current Assets Inventories Trade & other receivables Advance, deposit & prepayments Short Term Loan to subsidiaries Cash and cash equivalent TOTAL ASSETS EQUITY AND LIABILITIES Shareholders' Equity Share capital Revaluation surplus Share Premium Retained earnings NonCurrent Liabilities Long term bank loan net off current maturity Doreen ljara Bond net off current maturity Current Liabilities Trade payable Current portion of long term bank loan WPPF and WF Payable Short term bank loan Current Account with Sister Concern Liabilities for expenses Provision for income tax TOTAL EQUITY AND LIABILITIES ~9,005,476 ~5.502,053 I 2,645,055,4761 : 2,66S,816,0531 i 1,663,950,000! 1,569,686,000 i, 5 ~~~e:tj:; _S~~t~~t{f 275,895, , ,042,218 13,174, ,677,561 ii 183,611,387 i I! rl I l,025,447 j L 2_~_!L_Z_1]_J 4,889,645,693 4,804,280,625 }!_Q~'!.J'J.'4!~~Q }!_<.J_6~_,(JQ6,3]!'> 960,000, ,000, ,215,169 77'3, 195, ,849, ,849,889 i L 1,026,729,472 i J.93Q,_?60,~ <18,!, O_Q'j',4?1'i'~!i 941,'!_3_~l_(J73 1,007,493,735:: 399,720,606 "., 512;~1~1?97 782,357, ,540, , ) i ,724 i ,124' 523,970,965: 16,869,348 i 9,300, ,713! 142,689, ,986,429 88, ,352, ,607 1,529,031 4,829, The annexed notes from 1 to 33 form an integral part of these Financial Statements. NAV per share with revaluation NAV p~:~ut revaluation.ff/,f Company Secr:J e4, Dir~ ~~g~~ 7

7 Statement of Profit or Loss and Other Comprehensive Income (Unaudited) For the period from 01 July 2016 to 31 March 2017 For The 3rd 1 uarter ended 01 July 2016 to 31 March July 2015 to January 2017 to March March2017 For The Period 01 January 2016 to 31 March 2016 Revenue Less: Cost of sales Gross Profit ,933, , ,072, ,251, ,878, ,186, ,576, ,692, ,121, ,885, ,236,309 Less: Operating Expenses General administrative expenses Gross Operating Profit for the year Less: Financial expense Net Operating Profit for the year Add: Non Operating Income Other income Finance Income Profit before WPPF and Welfare Fund Less: Provission for contribution to WPPF & WF Net profit before income tax Less: Current tax Net profit after Income tax Other comprehensive Income Total comprehensive Income , ,893, ,354, ,538,831 1,557, ,096, ,377, , ,988, ,988, , ,821,540 92,495, ,371,361 32(525, ,450,179 59,969, ,700 2,526, , ,200,691 60,273,084 5,676, , ,524,468 57,402, ,679 75, ,561,788 57,327, ,561,788 57,327,150 25,054,709 87,181, ,700,624 2,288,956 31,989,580 1, ,455, ,429 29,576,186 29,576,186 Earning Per Share (EPS] Earning Per Share EPS (Restated) The annexed notes from 1 t Company :reta:. I f1c~sl~ ' Dhaka 8

8 Statement of Changes in Equity (Unaudited) For the year period from 01July2016 to 31 March 2017 Particulars Share capital Share Premium Revaluation surplus Retained earnings (Amount in ) Balance as at 01July ,000, ,361, ,879,632 2,219,240, 935 Net profit for the year 184,715, ,715,512 Issue of Shares 200,000, ,000,000 Share Premium 361,849, ,849,889 Adjustment for disposal of power plant (19,636,560) 19,636,560 Revaluation surplus realized (29,528,894) 29,528,894 (Depreciation on increase value of assets due to revaluation) (Note:l5.2) Balance as at 30 June ,000, ,849, ,195,849 1,030, 760,598 2, 965,806,336 Balance as at 01Julv ,000, ,849, ,195,849 1,03o,760,598 I 2, 965,806,336 Net Profit for the year 1s3,988,194 I 153,988,194 transferred to Share Capital Stock 160,000,000 (160,000,000) Dividend for the vear Cash Dividend for the year c20,ooo,ooo) I (20,000,000) (Pavable) Revaluation surplus realized I I I (21,980,680) I 21,980,680 (Depreciation on increase value of assets due to revaluation) (Note:15.2) Balance as at 31March2017 I 960,000,000 I 361,~I 751,21s,169 I 1,026,729,472 Total Company Secretary """" ~ J Ch~'ncial Officer ~ e?"ecotr ~\~~~ 9

9 Statement of Cash Flows (Unaudited) For the year period from 01July2016 to 31March2016 A. Cash flows from operating activities Receipt from customers Payment to suppliers Payment for administrative expenses Payment for Commission on bank guarantee and Land mortgage expenses Interest payments Income Tax Payment Other income Net cash generated from operating activities B. Cash flows from investing activities Acquisition of property, plant & equipment Interest received Insurance claim received Payment of Short term loan Investment in FD Rs Investment in subsidiaries Net cash used in investing activities C. Cash flows from financing activities 01July2016 to 31 March ,707,663 (369,408,391) (48,765,271) (3,324,721) (260,107,370) (3,689,513) 1,557,658! 70,970,056 (87,081,990) 11 :I ii :: : I (23,066,174) (2,724,000) (91,540,000) i (204,412,164) 01July2015 to 31 March ,894,947 (365,426, 709) (90,951,630) (1,350,758) (63,798,540) (3,430,287) i 223,700i 242,160,723 (24,080,284) i 40,559 33,500,000 (253,878,565) ( ): (466,668,290} Issue of Paid up Share Capital Receipts from Share Premium Account Receipt/( repayment) from short term bank loan Receipt of long term bank loan Loan received from sisterconcern Repayment of long term bank loan Net cash outflow from financing activities 59,015,312 (542,213,267) 32,153, ,594,456 :: 38,549, ,000,000 i 380,000, ,310,014 34,756,000 (24,315,920) (182,762,824) 804,987,270 D. Net increase/( decrease) in cash and bank balances (A+B+C) E. Cash and bank balances at beginning of the year F. Cash and bank balances at the end of the year Net operating cash flow per share (NOCFPS) N~~flowpecshace [Res~ (94,892,300) 580,479, ~~~~=3!=11=5=!2~3~ ,594, ~2.52 Company Secretary 16April2017 = ) Chief /~/I Officer ~ 10