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BAngladesh export import company Limited

17, Dhanmondi R.A, Road No. 2, Dhaka-1205

Third Quarter Financial Statements


We are pleased to present the un-audited Financial Statements of Bangladesh Export Import Company Limited for the third quarter ended 30
September 2012 in terms of Securities and Exchange Commission Notification No. SEC/CMRRCD/2008-183/Admin/03-34 dated September
2009. Accordingly these Financial Statements have already been sent to SEC and Stock Exchanges.

Balance Sheet (Un-audited)

Cash Flow Statement (Un-audited)

As at 30 September 2012

Taka 000

As at 30 Sep. 2012 As at 31 Dec. 2011
ASSETS
Non - Current Assets
28,742,620
27,338,165
Property, Plant and Equipment
23,453,400
22,040,017
Long Term Investment
4,687,320
4,687,063
Deferred Assets
3,062
12,247
Other Long Term Assets
598,838
598,838
Current Assets
49,898,217
43,845,806
Inventories
4,415,299
4,895,490
Debtors
25,836,353
21,837,347
Advances, Deposits and Pre-payments
19,433,701
16,879,192
Cash and Cash Equivalents
212,864
233,777
TOTAL ASSETS
78,640,837
71,183,971
EQUITY AND LIABILITIES:
Shareholders Equity
46,829,523
43,426,941
Share Capital
4,544,564
3,555,023
Capital Reserve
23,463,494
23,463,494
Retained Earnings
18,821,465
16,408,424
Non Current Liabilities
5,235,342
4,838,557
Long Term Loans-Net off Current Maturity
5,220,342
4,823,557
Security Deposit from Distributors
15,000
15,000
Current Liabilities and Provisions
26,575,972
22,918,473
Short Term Loans
8,107,791
6,132,728
Long Term Loans-Current Maturity
3,397,160
3,332,801
Creditors and other payables
15,071,021
13,452,944
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 78,640,837
71,183,971

For the 3rd quarter ended (January-September) 30th September 2012


Taka 000
3rd Quarter ended 3rd Quarter ended
30 Sept. 2012 30 Sept. 2011



Cash Flows from Operating Activities:
Cash Received against revenue and Others
Cash Paid to Suppliers and others
Cash Generated from Operations
Interest Paid
Income Tax Paid

Net Cash Generated from Operating Activities:

16,065,919
(14,915,773)

17,630,134
(16,331,244)

1,150,146

1,298,890

(1,678,222)
(103,355)
(1,781,577)

(1,473,069)
(57,090)
(1,530,159)

(631,431)

(231,269)

(1,825,689)

(1,657,098)

(1,825,689)

(1,657,098)

461,144
1,975,063

(113,794)
1,883,476

Cash Flows From Investing Activities:


Acquisition of Property, Plant and Equipment
Net Cash Used in Investing Activities:
Cash Flows from Financing Activities:
Net Increase/(Decrease) in Long Term Borrowings
Net Increase/(Decrease) in Short Term Borrowings

2,436,207

1,769,682

Increase/(Decrease) in Cash and Cash Equivalents


Cash and Cash Equivalents at Opening

Net Cash Used in Financing Activities

(20,913)
233,777

(118,685)
240,797

Cash and Cash Equivalents at Closing

212,864

122,112

Profit And Loss Account (Un-audited)

For the 3rd quarter (January-September) ended 30th September 2012



3rd Quarter ended Jan-Sep. 2012
Turnover and Other Income
20,064,925
Cost of goods sold
14,242,269
Gross Profit
5,822,656
Operating Expenses:
679,162
Administrative Expenses
646,473
Selling and Distribution Expenses
32,689
Profit from Operation
5,143,494
Financial Cost
2,162,678
Net Profit before Cont. to WPWF
2,980,816
Contribution to Workers profit Participation/Welfare Fund
141,944
Net Profit before Income Tax
2,838,872
Income tax expense
425,831
Net Profit after tax transferred to statement of changes in equity
2,413,041
Earning per share of Tk. 10/=
5.31
Number of shares (000) used to compute EPS
454,456

Taka 000
3rd Quarter ended Jan-Sep. 2011 3rd Quarter ended July-Sept 2012 3rd Quarter ended July-Sept 2011
23,779,369
7,006,318
7,051,263
14,769,496
5,530,818
4,541,411
9,009,873
1,475,500
2,509,852
591,148
127,626
210,994
513,883
109,712
166,259
77,265
17,914
44,735
8,418,725
1,347,874
2,298,858
1,573,254
633,044
365,947
6,845,471
714,830
1,932,911
121,141
34,040
19,030
6,724,330
680,790
1,913,881
599,683
102,119
166,125
6,124,647
578,671
1,747,756
17.23
1.27
4.92
355,502
454,456
355,502

Statement of Changes in Equity (Un-audited)

For the 3rd quarter ended (January-September) 30th September 2012


Taka 000
Taka 000
3rd quarter ended September 30, 2012
3rd quarter ended September 30, 2011
Particulars Share Capital/ Retained Total Particulars Share Capital/ Retained Total
Capital Revalution Earnings Equity Capital Revalution Earnings Equity
Reserve
Reserve
1,654,796
3,830,305 10,071,600 15,556,701
As on 01-01-2012
3,555,023 23,463,494 16,408,424 43,426,941 As on 01-01-2011
Issue of Bonus shares for the prior period (2010) 827,398
- (827,398)
Issue of Share Capital on acquisition
of four companies
80,628
-
-
80,628 Issue of Share Capital on amalgamation
of Bextex Ltd.
1,072,829
-
- 1,072,829

3,635,651 23,463,494 16,408,424 43,507,569
Surplus on amalgamation of Bextex Ltd.
-
7,596,705
- 7,596,705
Issue of Bonus shares for the prior period (2011) 908,913
-
- 908,913 Net Profit after tax and Minority
-
- 6,124,647 6,124,647
Net Profit after tax for the period
-
- 2,413,041 2,413,041 Interest for the period
As on 30-09-2012

4,544,564 23,463,494 18,821,465 46,829,523

As on 30-09-2011

3,555,023 11,427,010 15,368,849 30,350,882

Sd/-
Sd/Salman F Rahman Iqbal Ahmed
Vice Chairman
Director
The above Financial Statements are available in the Website of the Company. The Address of Website is www.beximco.com