British American Tobacco Bangladesh

VERTICAL BALANCE SHEET

(All figures divided by Total Assets and Expressed as a %)
2007
%

2008
%

2009
%

2010
%

2011
%

46.00

34.67

31.69

39.76

32.74

27.92
3.58
11.08
11.41
54.00
100

27.22
8.56
12.75
16.80
65.33
100

29.76
4.28
17.62
16.64
68.31
100

32.66
3.65
13.88
10.05
60.24
100

32.72
5.64
23.79
5.10
67.26
100

EQUITY & LIABILITIES

7.46
6.01
32.59 38.73
0.81
0.65
40.86 45.39

4.99
37.42
0.54
42.95

4.49
41.71
0.49
46.68

3.65
31.95
0.40
36.00

1.84
3.01
0.21
5.06

1.89
3.87
0.26
6.02

1.54
4.07
0.11
5.72

36.59 32.79 32.54 31.72

13.41 15.49 19.45 15.58
50.00 48.28 51.99 47.30
100.00 100.00 100.00 100.00
100
100
100
100

32.13
26.15
58.28
100.00
100

ASSETS
Non-current asset
Property plant and equipment
Current asset
Inventories
Trade and other receivables
Advance,deposit and prepayments
Cash and cash equlvalents
Total current asset
TOTAL ASSETS
Share capital
Revenue reserve
Capital reserve
Total equity
Non-current liabilities
Deferred liability (gratuity)
Deferred tax liability
Obligation under finance lease
Total non-current liabilities
Current liabilities
Creditors and accruals
Provision for corporate tax
Total current liabilities
Total equity and liabilities
TOTAL EQUITY & LIABILITIES

2.71
6.24
0.19
9.14

1.87
4.27
0.19
6.33

British American Tobacco Bangladesh

Vertical Income Statement
(All figures divided by Sales and Expressed as a %)

31Dec,
2007
Gross turnover
Supplementary duty &
vat
Net turnover
Cost Sales
Gross profit
Operating expenses
Operating profit
Interest expenses
Net finance income
Worker's profit
participation fund
profit before tax
Tax:
Current tax
Deferred tax
profit after tax
transferred to
revenues reserve
Earnings per share
(par value Tk. 10)

31Dec,
2008

31Dec,
2009

31Dec,
2010

31Dec,
2011

37869293
100

45414187
100

55074651
100

65986503
100

75357351
100

68.48776923
31.51223077
22.15194775
9.360283013
5.922151755
3.438131258
0.120342886

69.1057202
30.8942798
19.81618872
11.07809108
6.034563605
5.043527477

68.086062
31.913938
20.815093
11.098845
5.8179288
5.2809159

68.257084
31.742916
20.421893
11.321023
4.7670794
6.5539433
0.0244671

69.1219759
30.8780241
17.8556369
13.0223872
6.01184747
7.01053969
0.14688282

0.167815401
5.211342878

0.0584897
5.3394056

6.5294762

6.86365687

3.317788373

0.260566153
4.950776725

0.2669704
5.0724352

0.3264743
6.2030018

0.34318351
6.52047336

1.10749361
0.100482467
1.207976077

1.440637922
-0.1644354
1.276202522

1.4354844
-0.1189803
1.316504

1.6032263
0.2373849
1.8406113

2.93531417
0.20049802
3.13581219

2.109812296

3.674574203

3.7559312

4.3623906

3.38466117

13.32

27.81

34.48

47.98

42.91

British American Tobacco Bangladesh

Horizontal BALANCE SHEET
(All figures divided by the amount of base year 2007)

31Dec,2007 31Dec,08
Property plant and
equipment
Current asset
Inventories
Trade and other
receivables
Advance,deposit and
prepayments
Cash and cash
equlvalents
Total current asset
Total assets
EQUITY AND LIABILITIES
Equity
Share capital
Revenue reserve
Capital reserve
Total equity
Non-current liabilities
Deferred liability (gratuity)
Deferred tax liability
Obligation under finance
lease
Total non-current
liabilities
Current liabilities
Creditors and accruals
Provision for corporate
tax
Total current liabilities
Total equity and liabilities

31Dec,09 31Dec,10 31Dec,11

100.00%

93.64%

103.00%

143.74%

145.39%

100.00%

121.12%

159.36%

194.51%

239.34%

100.00%

296.72%

178.59%

169.41%

321.73%

100.00%

142.91%

237.77%

208.25%

438.56%

100.00%
100.00%
100.00%

182.90%
189.10%
139.72%

217.95%
237.93%
168.13%

146.44%
233.39%
187.01%

91.25%
320.06%
229.70%

100.00%
100.00%
100.00%
100.00%

100.00%
147.67%
100.00%
138.02%

100.00%
171.66%
100.00%
157.15%

100.00%
212.83%
100.00%
189.99%

100.00%
200.25%
100.00%
179.96%

100.00%
100.00%

85.63%
85.11%

101.61%
72.05%

115.71%
103.28%

115.56%
133.40%

100.00%

122.85%

164.13%

227.55%

116.55%

100.00%

86.05%

82.74%

109.56%

127.75%

100.00%

111.32%

132.96%

144.15%

179.35%

100.00%
100.00%
100.00%

143.51%
119.96%
124.24%

216.83%
155.45%
149.50%

193.16%
157.30%
166.29%

398.28%
238.08%
204.25%

British American Tobacco Bangladesh

Horizontal INCOME STATEMENT
(All figures divided by the amount of base year 2007)

Profit and loss account

Gross turnover

100.00%

119.92%

145.43%

174.25%

198.99%

Supplementary duty & vat

100.00%

121.01%

144.58%

173.66%

200.84%

Net turnover

100.00%

117.57%

147.29%

175.52%

194.99%

Cost Sales

100.00%

107.28%

136.66%

160.64%

160.40%

Gross profit

100.00%

141.93%

172.45%

210.75%

276.85%

Operating expenses

100.00%

122.20%

142.87%

140.26%

202.01%

Operating profit

100.00%

175.92%

223.38%

332.16%

405.76%

35.43%

242.88%

Interest expenses

4557300.00%

Net finance income

7621200.00% 3221300.00%

2366689.00
Worker's profit participation fund

2940659.00 4308573.00 5172270.00

118334.00

147033.00

215429.00

258614.00

1256423.00

178.95%

222.35%

325.78%

391.08%

Current tax

100.00%

156.00%

188.50%

252.24%

527.41%

Deferred tax

38052.00

-74677.00

-65528.00

156642.00

151090.00

Total Tax
profit after tax transferred to
revenues reserve

100.00%

126.70%

158.50%

265.50%

516.57%

100.00%

208.87%

258.90%

360.29%

319.23%

1332.00%

2781.00%

3448.00%

4798.00%

4291.00%

profit before tax

Tax:

Earnings per share (par value Tk.

10)