GPH ISPAT LIMITED

STATEMENT OF FINANCIAL POSITION(UN-AUDITED)

AS AT 31 JANUARY, 2012
31.01.2012
Taka

30.04.2011
Taka

ASSETS & PROPERTIES

NON CURRENT ASSETS & PROPERTIES
Property, Plant & Equipment
Capital work in progress
Investments

1,463,741,324
1,090,432,544
347,418,348
25,890,432

1,427,022,724
1,110,647,506
301,488,186
14,887,032

CURRENT ASSETS & PROPERTIES

Advances, Deposits & Prepayments
Inventory
Trade Receivables
Cash & Bank Balances
TOTAL ASSETS & PROPERTIES

3,656,312,905
571,691,679
2,440,033,856
535,325,465
109,261,905
5,120,054,229

2,567,289,192
449,451,790
1,591,242,389
462,647,365
63,947,648
3,994,311,916

1,021,268,489
700,000,000
154,953,208
166,315,281

611,744,777
500,000,000
103,729,009
8,015,768

NON CURRENT LIABILITIES

Long term portion of Term Loan
Long term portion of Lease Liabilities

1,108,814,950
1,062,593,110
46,221,840

860,023,732
805,477,668
54,546,064

CURRENT LIABILITIES AND PROVISIONS

Current portion of Long Term Loan
Current portion of Lease Liabilities
Short Term Loan
Creditors & Accruals
Provision for Taxation
Proposed Dividend

2,989,970,790
163,589,782
22,453,096
2,480,932,229
242,884,408
80,111,275
-

2,522,543,407
120,312,595
17,465,991
2,115,349,096
38,734,303
30,681,422
200,000,000

5,120,054,229
(0)

3,994,311,916

SHAREHOLDERS' EQUITY & LIABILITIES

SHAREHOLDERS' EQUITY
Share Capital
Tax Holiday Reserve
Retained Earnings

TOTAL SHAREHOLDERS' EQUITY & LIABILITIES

NET ASSET VALUE PER SHARE

COMPANY SECRETARY

14.59

DIRECTOR

MANAGING DIRECTOR

12.23

GPH ISPAT LIMITED

STATEMENT OF COMPREHENSIVE INCOME(UN-AUDITED)
FOR THE PERIOD FROM 1 MAY 2011 TO 31 ST JANUARY,2012 (3RD QUARTER)
01.05.11 to
31.01.12

01.05.10 to
31.01.11

01.11.11 to
31.01.12

01.11.10 to
31.01.11

Taka

Taka

Taka

Taka

Net Turnover

3,039,333,698

2,731,351,320

Cost of Sales

(2,284,614,765)

(2,253,136,719)

(775,022,686)

(791,596,048)

754,718,932

478,214,601

323,496,838

165,571,817

Administrative Expenses

(39,247,140)

(36,477,264)

(14,093,696)

(14,458,507)

Selling & Distribution Expenses

(43,635,167)

(49,176,884)

(13,504,474)

(17,222,515)

(82,882,307)

(85,654,148)

(27,598,170)

(31,681,023)

Trading profit

671,836,626

392,560,453

295,898,668

133,890,794

Financial Expenses

(402,767,952)

(224,623,298)

(160,615,901)

(83,154,562)

Profit before Non-operating Income

269,068,674

167,937,155

135,282,767

50,736,233

2,832,570

2,080,675

919,875

1,040,338

271,901,244

170,017,830

136,202,642

51,776,570

Gross Profit/ (Loss)

1,098,519,525

957,167,864

Operating expenses

Non-operating income

Contribution to WPPF @ 5% after charging WPPF

(12,947,678)
Profit before Tax & Reserve

258,953,566

(8,096,087)

(6,485,840)

(2,465,551)

161,921,743

129,716,802

49,311,019

(10,917,669)

(24,839,330)

(5,458,834)

Provision for Tax

Current

(49,429,853)

Deferred

(7,964,090)

(3,982,045)

(49,429,853)

(18,881,759)

(24,839,330)

(9,440,879)

Profit after Tax

209,523,712

143,039,984

104,877,472

39,870,140

Tax Holiday Reserves

(51,224,199)

(44,628,155)

(25,759,385)

(9,654,136)

Profit after Tax & Reserve

Unappropriated Profit, brought forward

158,299,513
8,015,768

98,411,830
79,387,935

79,118,087

30,216,004

87,197,194

147,583,761

Profit available for appropriation Taka

166,315,281

177,799,764

166,315,281

177,799,765

2.99

2.04

1.50

0.57

Basic Earning per share (Re-stated)

COMPANY SECRETARY

DIRECTOR

MANAGING DIRECTOR

GPH ISPAT LIMITED

STATEMENT OF CASH FLOW(UN-AUDITED)
FOR THE PERIOD FROM 1 MAY 2011 TO 31 ST JANUARY,2012 (3RD QUARTER)

01.05.11 to
31.01.12
Taka

01.05.10 to
31.01.11
Taka

2,969,488,168
(3,092,462,459)
(122,974,291)

2,533,431,995
(2,902,023,411)
(368,591,415)

CASH FLOW FROM INVESTING ACTIVITIES

Capital expenditures
Investment in Shares
Net cash inflow / (outflow) from Investing Activities

(80,578,744)
(11,003,400)
(91,582,144)

(335,489,942)
(12,275,597)
(347,765,539)

CASH FLOW FROM FINANCING ACTIVITIES

Short term loan
Long term loan
Lease Obligation
Interest & Bank Charge paid
Net cash inflow / (outflow) from Financing Activities

365,583,133
300,392,628
(3,337,118)
(402,767,952)
259,870,691

829,434,796
127,036,223
39,633,811
(224,623,298)
771,481,532

Net increase in cash & cash equivalents

45,314,257

55,124,578

Cash and cash equivalents at the beginning

63,947,648

35,910,762

109,261,905
109,261,905
(0)

91,035,340

CASH FLOW FROM OPERATING ACTIVITIES

Collection from sales and other income
Payment for cost and other expenses
Net cash inflow / (outflow) from Operating Activities

Cash and cash equivalents at the end

COMPANY SECRETARY

DIRECTOR

MANAGING DIRECTOR

GPH ISPAT LIMITED

STATEMENT OF CHANGES IN EQUITY(UN-AUDITED)
FOR THE PERIOD FROM 1 MAY 2011 TO 31 ST JANUARY,2012 (3RD QUARTER)

Tax Holiday
Reserve

Amount in Taka
Unappropriated
Total Equity
Profit/(Loss)

Particulars

Share Capital

Balance as at 30th April, 2011

500,000,000

103,729,009

8,015,768

611,744,777

Capital issued
Net profit during the period
Proposed dividend

200,000,000
200,000,000

51,224,199
51,224,199

158,299,513
158,299,513

200,000,000
209,523,712
409,523,712

Balance as at 31 January 2012

700,000,000

154,953,208

166,315,281

1,021,268,489

Balance as at 30th April, 2010

500,000,000

49,446,718

79,387,935

628,834,653

44,628,155
44,628,155

98,411,830
98,411,830

143,039,984
143,039,984

94,074,873

177,799,765

771,874,637

Capital issued
Net profit during the period
Proposed dividend

Balance as at 31 January 2011

COMPANY SECRETARY

500,000,000

DIRECTOR

MANAGING DIRECTOR