Un-audited Financial StaEments of

Transcription

1 il] Un-audited Financial StaEments f Prime Flnane & Invesfrnent Limited As at and fr the lst quarter ended 31 March 20L6

2 Prime Finance & Investment Limited Cnslidated Balance Sheet As at 3l March 2016 Fagurcs in Taka PROPERTY AND ASSETS Cash In hand (including freign curencies) Balance with Bangladesh Bank and its agent bank (including freign curencies) Ttal Cash Balance with ther banks and financial institutins ln Bangladesh Outside Bangladesh Ttal balance with ther banks and financial institutins Mney at call and n shrt ntice Investments Gvernment Others Ttal Investments Lans, advances and leases Lans, advances, leases etc. Bills purchased and discunted Ttal lans, advances and leases Fixed assets including premises, furniture and fixtures Other asseb Nn - business assets Ttal assets LIABILITIES A]ID CAPITA. Liabilities Bnwings ftm dter bad(s, frrancid irs frjtins id 4E tts Depsits and 6er arrts Cunent and drer accrrg Bills payabh Savings ac@unts Term depsits Bearer certificates f depsit Other depsits Ttal depsits and ther accunts Other liabilities Ttal liabiliues Capital/sharehlderc' equity Paid up capital Statutry reserve Revaluatin reserve Retained earnings Equity attributable t sharehlders, f the cmpany Nn-cntrlling interest Ttal sharehlderc, equity Ttal liabilities and sharehlders, equity OFF-BALAI{CE SH EET ITElrtS Cntingent liabilities Other cmmitments Ttal ff-balance sheet items including cntingent liabilities I 31-Mar-15 (Un-audited) L41,302,992 I 31-Dec-15 14,371, ,553,778 --r4,"e]lt--r,irryl 847,917,235 1,313,109,080 i ',;;lr- 866,197, ,765,L38 ",^;J l-i"*-ry-trj@;ffrl L4,733,269,698 14,362,636, ,808,722 2,571,798,L66 _r$5!9,!!8r,8e3._ I 3,L78,654,547 9,227,251,Lss 9,221,25L,L L'L L5,L77,397,8.53 (Audited) 360,3L4,247 2,637,2s6,558 _re,7tt3&gt,s7s_ 3,093,925,0L4 9,544,207,157 9,5t4,2O7, s ' 15,232,092,036 z?2irlrrr:r1l--z@@1 927,108,s10 927,r0S,s10 I 221,943,7s0 1 zzt,xs,ts I I fss.gz.grz)l I (r+z,rr,earl 3,541,314,779 3,736,055, ,@9,262 80s,497,s37.!,?4L,964,O4 4,s4r,ss3,s39 -- Ifg&fe3- {- -ae,rzl3rg*, 1 Net Asset Value per share (NAV) _ Cmpany Secretary Chief Financial Officer Managing Directr Directr Chairman Dhaka, 14 May 2016

3 V Prime Finance & Investment Limited Cnslidated Prfit and Lss Accunt Fr the lst quafter ended 31 March 2016 I Interest incme Interest paid n depsits, brrwings etc. Net interest incme Investment incme Fees, cmmissin, exchange and brkerage Other perating incme Ttal perating incme (A) 31-Mar-16 Figures in Taka 385 (8,7ss,4 8,315, Mar-15 1,71L,387 Salaries and ther emplyee benefits Rent, taxes, insurance, electricity etc. Legal expenses Pstage, stamp, telecmmunicatin etc. Statinery, printing, advertisements etc. Managing directr,s salary and fees Directrs'fees Auditrs'fees Depreciatin and repair f assets Other expenses Ttal perating expenses (B) Prfit befre prvisin (C=A-B) 8,445, , ,674 L,790,710 3,750, ,000 14,375 4,041, ,62s 767,221 t,015,207 3,750, ,000 L4,375 3,804,684 Prvisin fr lans, advances and leases General prvisin Specific prvisin Prvisin fr diminutin in value f invesunent Ttal prvisin (D) Ttal prfit befre tax (C-D) Prvisin fr taxatin Current Deferred Net prfit after tax Attributable t Sharehlders f the mpany Nn-cntrlling interest Weighted avetiage n. f utstanding shares Earnings per share I tu'vy*6n [--le^s16/61, I t42,18e,s26 ll $,46s,272 / (17s,4s6)l I s.s,sz+ I _ z-7_-,2?4,164 97,O18,63t (198,587,045) (128A6140r) l-- I 1,3681-s6-] r:.zll (199, ) (194,74L,224) (4,848,27s) (108,0s3,022) (21,12s,855) 272.9L6.4A3 --22?2?2, it T-Ei Cmpany Secretary sd,l- Chief Financial fficer Managing Directr Directr Chairman Dhaka, 14 May 2016

4 / Prime Finance & Investment Limited Cnslidated Cash Flw Statement Fr the lst quarter ended 31 March 2016 A) OPERATINGACTTVITIES Interest receipts Interest pavments Fees and cmmissin receipts Dividend receipts Capital gains frm sale f listed shares Cash payments t emplyees Cash payments t suppliers and management expenses Incme taxes paid Receipts frm ther perating activities Payments fr ther perating activities Cash generated befre changes in perating assets and liabilities Increase/ (decrease) in perating assets and liabilities: Net lans and advances t custmers Lans and depsits frm banks and ther depsitrs Cash generated frm perating assets and liabilities Net cash frm perating activities 31-Mar ,271,208 (217,811,035 3,130,870 4,968,704 (16,648,49s (42,352,730 (21,932,83t (3,607 33,t24,054 Figures in Taka 3l-Mar ,310,886 (336, 2,668,573 6,651,14s (L2,t97, (30,7s2, (39,607,026 (1,77s, 8,520,881 (2,2e3,42s) Gz--Gzs,=3zs,N, e--er,?w%n -- I ezz,qaz,ttt\l - I rt,zg:,s:z I (s58,769,632) $69,49!,707) 82,522,137 80,238,312 B) INVESTINGACTIVITIES Acquisitin f fixed assets Sale f securities Investment in securities Net cash frm investing activities C) FINANCING ACTryMES Cash dividend paid Net cash frm financing adiyities (2,591,097) 160,808,677 (8s,100,024) 73,1L7,556 (14,70s,989) 429,792,568 (223,682,397\ 191,404,1A2 D) Net increase/ (decrease) in cacr and cact equivalents (A+B+C) (496,374,151) 271,642,494 E) Effects f exdtang rate drangcs n cacr and cash equivalents F) Cash and caslrequiyalergat beginning fthe perid G) Cash and cash equivaler*s at efld f ttre perid (D+E+F) Crsh and cash equivalents at end f Ute perid represents: Cash in hand (indudire freifn trrenc,es) Balance with Bangladesfi Bank and its aq nt bank (including freign currencies) Balance with ther banks and finandal in$imins Net perating cash flw per share (NOCFPS) 1,485,662, f p-d-l t4r,302, ,299,195 I I es+,rs,zt I -E9,aSEZ07_ ---91L391sLL (mt

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6 1 Prime Finane & Investment Balance Sheet As at 31 March 2016 Limited Figures in Taka PROPERTY AND ASSETS Cash In hand (including freign currencies) Balance with Bangladesh Bank and its agent bank (including freign currencies) Ttal cash Balance with ther banks and financial institutins In Bangladesh Outside Bangladesh Ttal balance with ther banks and financial institutins Mney at call and n shrt ntice Investments Gvernment Others Ttal investments Lans, advances and leases Lans, advances and Leases etc. Bills purchased and discunted Ttal lans, advances and leases 31-Mar-16 (Un-audited) 31-Dec-15 -TAuaited)- I r4l,302,992 ll L72,482,807 I 4,362,992 L72,542,807 t----mrsfla---irr:;e 846,351,231 1,31,.,767,788 s07.2s2.;7s 5O7,252, ,252,175 55e630,829 [ ]="*71 12,719,135,fi8 12,343,396,372 Fixed assets including premises, furniture and fixtures Other assets Nn - business assets Tta! assets UABITITIESAND CAPITAL LiabiliUes Brrwlngs frm ther banks, financial institutins and agents Depsits and ther accunts Current and ther accune Bills payable Savings accunts Term depsits Bearer certificates f depsit Other depsits Ttal depsits and ther accunts Other liabilities Ttal Iiabilities Capital/sharehlders' equity Paid up capital Statutry reserve Revaluatin reserve Retained earnings Ttal sharehlders' equity Tta! Iiabilities and sharehlders. equity OFF-BALANCE SHEET TTEMS Cntingent liabilities Other cmmitrnents Ttal ff-balance sheet items including cntingent liabilities 337,397,677 2,812,519,781 L7,364,OL9,264 2,s96,113,840 9,221,251,t55 L,25t,1 2,246,313,383 L4,O63,678, , 927,108,510 22t,943, ,620,832 2,864,459, L7'!92A!9M- 2,482,679,t49 9,544,207,Ls7 9,544,207,157 2,067,722,L ,608,500 2,729,164, ,108, ,943,7s0,407 3/.87.AO9.697 L7,582,418,197 Net Asset Value per share (NAV) 1, _frtr sd/_ Cmpany Secreta.ry Chief Financial Officer Managing Directr Directr sd/_ Chairman Dhaka, 14 May 2015

7 Prime Finance & Investment Limited Prcfit and Lss Accunt Fr the lst quarter ended 31 March 2016 Figures in Taka 31-Mar Mar-15 Interest incme Interest paid n depsits, bnwings etc. Net intercst incme Investment incme Fees, cmmissin, exchange and brkerage Other perating incme Ttal peraung incme (A) Salaries and ther emplyee benefits Rent, taxes, insurane, elecbicity etc. Legal expenses Pstage, $amp, telecmmunicatin etc. Statinery, printing, advertisements etc. Managing Direct/s salary and fees Directrs ftes Auditrs fees Depreciatin and repair f assets Other expenses Ttal perating expensec (B) Prfit befre prvisin (C=A-B) Prvisin fr lans, advances and teases General prvisin Specific prvisin Prvisin fr diminutin in value f investment Ttal prvisin (D) Ttal prfit befre tax (C-D) Prviin firtaxaun Current DeEn d llet plfrtfrer tar 20,658,919 6,238, , ,879 t,709,333 2,100, ,000 2,63L,438 $a7,,hgatgl 366,9@,732 ( 1,s96,838 44,044,3ffi 7,547,U7 3L6, ,LBL 974,2U 2,100,000 95,000 2,093,646.1O,380,r$ 61.,294,619 (115,959,128) 20,630, ,465,272 97,01&535 (76,387,74) l-.flf--s+zr-6 I (366,002)l I (971,355)l (187/{58111) (76,364,241) Weighted avefiagg n. f ut*anding drar Earnings per share 27L91.6,83 272,916,# f0-6 -idmi Cmpany Secretary Chief Financial Officer Managing Directr Directr Chairman Dhaka, 14 May 2016

8 Prime Finance & Investment Limited Cash Flw Statement Fr the lst quafter ended 31 March 2O16 A) OPERATING ACTIVITIES Interest receipts Interest payments. Fees and cmmissin receipts Dividend receipts Capital gains frm sale f listed shares Cash payments t emplyees cash payments t suppliers and manaqement expenses Incme taxes paid Receipts frm ther perating activities Payments fr ther perating activities Cash generated be{re changes in perating asfib and liabilities Increase/ (decrease) in peratang assets and liabilities: Net lans and advances t custmers Lans and depsits frm banks and ther depsitrs cash generated frm perating assets and liabilities Net cash frm perating activities B) INVESTING ACTIVITIES Acquisitin f fixed assets Sale f securities Investment in securities Net cash frm investing activities C) FINANCING ACTIVITIES Cash dividend paid Net cash frm financing activities D) Net increase/ (decrease) in cash and cash equivalents (A+B+c) 31-Mar-16 Figures in Taka 229,042,309 (2L2,04O,1 r,669,24s 3,999,934 (16,648, (22,7s8,91 (21,932,831 33,t24,054 (10,7s8,17O) 31-Mar-15 f ilelr2g-zrstlf (zg,szr,srz)l 110,293,s33 I (528,808,571) -(i6^340p-?,il 93.9s3,461 (s39,556,741) 1O6,439,L37 (2,408,284) 160,808, (266,237,7t1 1,596, ,316 (12,191,309) G0,7s2,165) (t8,144 (t,77s, , ,4E5,67O (4,619,999) 402,892,568 (11s,430,024) Q23'682'397) 42,970, ,590,!72 (496,s96,372) 281,029,309 E) Effects f exchange rate changes n cash and cash equivalents F) Cash and cash equivalents at beginning f the perid G) Cash and cash equivalentsatend fthe perid (D+E+F) 1,484,310,59s 676,177, s8fit4, s?,20r,194 Cash and cash equivalents at end f the perid represents: Cash in hand (includinq freign currencies) Balance with Banqladesh Bank and its agent bank (including freign currencies) Balance with ther banks and financial institutins Net perating cash flw per share (NOCFPS) : 141,302, , ,299, ,714, ,2O7,L94.re -4r.98)

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10 Prime Finance & Investment Limited Selected ExPlanatry Ntes As at and fr the perid ended 31 March 2016 Reprting EntitY prime Finance & Investment Limited is ne f the leading Nn Banking Financial Institutins, knwn fr its diversified financial services. The cmpany was incrprated in the year 1996 as a Public Limited cmpany under the cmpanies Act, 1994 and licensed by Bangladesh Bank under the Financial Institutins Act, Basis f Preparatin These 1,t qru,t"1. financial statements are being prepared in cndensed frm in accrdance with the requirements f Bangladesh Accunting Standard (BAS-34) 'Interim Financial Reprting', Securities and Exchange Rules 1987, Regulatins issued by Bangladesh Bank and ther applicable laws and regulatins. Accunting Plicies The accunting plicies and methd f cmputatin adpted fr the preparatin f these interim financial statements are the same as thse applied in preparatin f annual financial statements fr the year ended 31 December Apprval f 1* Quarter reprt ftrese t" quarter financial statements fr the perid ended 31 March 2016 were apprved by the Bard f Directrs n MaY L4,2016. General The 1$ quarter financial statements fr the perid ended 31 March 2016 are un-audited' The cmparative figures have been restated and rearranged whenever cnsidered necessary t ensure cmparability with the current financial statements. Figures are runded-ff t the nearest integer' 10