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Atlas Bangladesh Limited Current Assets and Current Liabilities

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ATLAS BANGLADESH LIMITED

Current Assets and Current Liabilities


2006-2007 2007-2008
CURRENT ASEETS
Inventories 209,721,887 330,551,126
Trade and other receivables 17,205,586 18,088,037
Advance, deposit and pre-payments 28,238,227 16,864,242
Cash and cash equivalents 282,254,596 229,772,217
BSEC current account 2,525,904 2,221,645
inter-project current account 5,091,400 5,342,962
advance income tax 224,507,391 282,410,995
Total Current Assets 769,544,991 885,251,224

CURRENT LIABILITIES
Creditors 65,099,157.00 124,553,403.00
workers profit participation fund and welfare fund 7,325,279 6,984,446
inter-project current account 118,030 127,710
provision for tax 191,529,788 223,396,179
unpaid dividend 37,509,125 62,966,147
Current Liabilities 301,581,379 418,027,885
2008-2009

511,890,584
39,577,328
75,092,646
274,206,093
2,996,811
5,414,913
368,764,103
1,277,942,478

279,679,245.00
16,628,940
76,349
297,034,156
95,204,563
688,623,253
ATLAS BANGLADESH LIMITED
Non Current Assets and Non Current Liabilities
2006-2007 2007-2008 2008-2009
NON CURRENT ASSET
fixed assets 19,417,232 17,685,281 18,096,590
Total Non Current Assets 19,417,232 17,685,281 18,096,590

NON CURRENT LIABILITIES


long term loan 7,184,296 7,184,296 7,184,296
deferred liability 42,846,704 41,464,727 40,918,307
Total Non Current Liabilities 50,031,000 48,649,023 48,102,603
ATLAS BANGLADESH LIMITED
Equity
2006-2007 2007-2008 2008-2009
EQUITY
Share Capital 80,000,000 100,000,000 100,000,000
Capital reserve 5,215,219 5,215,219 5,215,219
general reserve 18,000,000 18,000,000 18,000,000
share premium 158,182,500 158,182,500 158,182,500
retain earnings 177,763,139 154,862,060 277,915,493
Total Equity 439,160,858 436,259,779 559,313,212
ATLAS BANGLADESH LIMITED
Balance Sheet
2006-2007 2007-2008 2008-2009
ASSETS
NON CURRENT ASSET
fixed assets 19,417,232 17,685,281 18,096,590
Total Non Current Assets 19,417,232 17,685,281 18,096,590
CURRENT ASSET
Inventories 209,721,887 330,551,126 511,890,584
Trade and other receivables 17,205,586 18,088,037 39,577,328
Advance, deposit and pre-payments 28,238,227 16,864,242 75,092,646
Cash and cash equivalents 282,254,596 229,772,217 274,206,093
BSEC current account 2,525,904 2,221,645 2,996,811
inter-project current account 5,091,400 5,342,962 5,414,913
advance income tax 224,507,391 282,410,995 368,764,103
Total Current Assets 769,544,991 885,251,224 1,277,942,478
Total Assets 788,962,223 902,936,505 1,296,039,068
EQUITY AND LIABILITIES
EQUITY
Share Capital 80,000,000 100,000,000 100,000,000
Capital reserve 5,215,219 5,215,219 5,215,219
general reserve 18,000,000 18,000,000 18,000,000
share premium 158,182,500 158,182,500 158,182,500
retain earnings 177,763,139 154,862,060 277,915,493
Total Equity 439,160,858 436,259,779 559,313,212
NON CURRENT LIABILITIES
long term loan 7,184,296 7,184,296 7,184,296
deferred liability 42,846,704 41,464,727 40,918,307
Total Non Current Liabilities 50,031,000 48,649,023 48,102,603
CURRENT LIABILITIES
Creditors 65,099,157 124,553,403.00 279,679,245.00
workers profit participation fund and wel 7,325,279 6,984,446 16,628,940
inter-project current account 118,030 127,710 76,349
provision for tax 191,529,788 223,396,179 297,034,156
unpaid dividend 37,509,125 62,966,147 95,204,563
Total Current Liabilities 301,581,379 418,027,885 688,623,253
Total Equity and Liabilities 790,773,237 902,936,687 1,296,039,068
ATLAS BANGLADESH LIMITED

2006-2007 2007-2008 2008-2009


Sales 2,156,108,272 3,016,530,551 4,290,305,090
less:cost of goods sold (1,986,667,637) (2,857,185,979) (3,953,325,481)
gross profit for the year 169,440,635 159,344,572 336,979,609
less:operating expenses (41,690,905) (40,277,834) (39,358,171)
operating profit 127,749,730 119,066,738 297,621,438
financial expenses (39,807) (355,306) (360,054)
add:non-operating income 17,959,147 16,818,141 15,925,120
less:contribution to workers' profit par (7,283,453) (776,479) (15,659,325)
net profit before tax 138,385,617 134,753,094 297,527,179
less:provision for tax 37,364,117 31,866,391 73,637,977
net profit after tax 101,021,500 102,886,703 223,889,202
add:prior years adjustment (5,665,820) 212,218 (835,769)
95,355,680 103,098,921 223,053,433
earning per share 13 10 22

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