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AUDITORS' RE,PORT
ACCOUNTS
OF
KTIYA COSMIITICS LIRIHITEI}JARUN, I(ONABARI, GAZIPUR
BANGLADESH.
FOR TI{E YEAR ENDED 30 TH JUNE, 2018.
$lp-,trnsANCHARTERED ACCOU I\TANT S
SHAFI ALI TOWER (7'frr FLOOR),33, KAWRAN BAZAR, DHAKA- 1215.
nAEJI-q#,J:IDate:19.11.2018
AUDITORS'REPORTWe have audited the accompanying financial statements of Keya Cosmetics Limited which comprise the
Statement of Financial Position as at 30th June,2018 and Statement of Profit or Loss and Other
Comprehensive lncome, Statement of Changes in Equity and Statement of Cash Flows for the year then
ended and all related consolidated financial statements and a summary of significant accounting policies
and other explanatory notes.
The Managements' Responsibility for the Financial Statements
The Management is responsible for the preparation of financial statements that give a true and fair view in
accordance with lnternational Financial Reporting Standards (IFRS), Bangladesh Financial Reporting
Standards (BFRS), the Companies Act, 1994, the Securities and Exchange Rules, 1987 and otherapplicable laws and regulations. This responsibility includes: designing, lmplementing and maintaininginternal control relevant to the preparation and fair preparation of financial statements that are free frommaterial misstatements, whether due to fraud or error; selecting and applying appropriate accountingpolicies; and making accounting estimates that are reasonable in the circumstances.
Auditors' Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted
our audit in accordance with lnternational Standards on Auditing (lSA) and Bangladesh Standards on
Auditing (BAS). Those standards require that we comply with ethical requirements and plan and perform to
obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedure to obtain audit evidence about the amounts and disclosures in thefinancial statements. The procedures selected depend on the auditors' judgment, including the assessmentof the risks of the material misstatement of the financial statements, whether due to error. ln making thoserisk assessments, the auditor considers internal control relevant to the entity's preparation and fairpr.esentation of the financial statements in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internalcontrol. An audit also includes evaluating the appropriateness of accounting estimates made by
management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.
Opinion:
ln our opinion, the financial statements including consolidated financial statements, prepared in accordancewith lnternational Financial Reporting Standards {IFRS) and Bangladesh Financial Reporting Standards(BFRS) give a true and fair view of the state of the company as at 30'n June, 2018 and of the results of itsoperations and its cash flows for the year then ended in accordance with the Companies Act, 1994 and
other applicable laws and regulations"
We also Report that:(a) We have obtained all the information and-explanation which to the best of our knowledge and belief
were necessary for the purpose of our audit and made due verification thereof:
(b) ln our opinion, proper books of account as required by law have been kept by the Company as faras it appeared from our examination of those books;
(c) The Company's Statement of Financial Position, Statement of Appropriation Account, Statement ofComprehensive lncome and Statement of Cash Flows dealt with by the report is in agreement with
the books of account;
And
The expenditure incurred was for the purpose of Company's business.
KEYA COSMETICS LIMITED
Jarun, Konabari, GazipurBangladesh.
llpnsrrCHARTERED ACCOUNTANTS
STATEMENT OF FINANCIAL POSITIONAS AT 30 JLINE.20I8.
Particulars NotesAmount in Taka
30 June 2018 I I 30 June 2017
Assets:
Non Current Assets
Fixed AssetsInvestments
Current Assets
Stock of Goods, Materials & StoresMaterial In TransitLoans, Advances & DepositsCurrent Account with Sister ConcernTrade RcceivableOthcr Rcce ivablesCash & Bank Balance
Total Assets
Equities and Liabilities:
Shareholders Equity :
Share CapitalShare Premium (Net off 'l'ax)
Revaluation Reserve
Tax IJoliday Reserve
Capital ReserveIletained Earnings
Non Current Liabilities:
Long Tenn LoanDef'erred Tax Liabil ity
Current Liabilities
lJank Loans & OverdraltTrade Pa1'able
Outstanding Liabilitiesl)rovision for Incorne TaxUnclaimed DividendWorkers Profit Participation & Welfare Fund
Total Equity & Liabilities
__11942$4ey_ ______2E 63EJ50d7L
___;)p 4e2!!!2J_ ___-_?q€ry19{Zt_Net alue (NAV) Per Share 14.02 15.37
Accompanying notes lbrm the intg ral part ol-the llnancial statements.
Khaleda Pervin
Managing Director
Date: l9th November. 2018
Place: Dhaka
5,215,307,867
5,075,734,212r 39.573.655
3,890,915,180
3,738,t08,317152
4.00s.00
6.007.008.00
9.0010.00
I 1.00
12.00
26,734,676,230
tt,418,671,952507,115,826
t,524,700,672r,646,336,539
I 1 , 161,301,668
453,284,24825
24,747,735,695
9,9s9,332,466613,556,64s
t,604,347,904r,968,754,2579,968,454,576
587,836,673453.174
13.00
14.00
15.00
16.00
17.00
18.00
19.00
20.00
21.00
22.(\()
23.0024.0025.00
L 33.00
14,045,442,369
10,021 ,066,5904,6t5,642
468,576
45.7 44,7312.704,988.012I 58,818
12,833,559,638
8,3 50,888,83 0
4.615.642468.576
45,'744.731
2,704,988.0 r21,726,853,847
8,762,434,207
8,572,253,302I 90,1 80,905
8,786,464,096
8,598,513,232r87
9,142,107,520
8.403.495. r36r00.779.89848.035.,+ r5
534.8 t 1,321
7,936,78447.048.966
7,018,627,141
6.344.520.762r0 r.987.45 r
47.679.846466,599.966
7,936,784249
Chairman
Signed in terms ofour annexed report ofeven date.
k.ki$
KEYA COSMETICS LIMITED
Jarun, Konab ari, G azipurBangladesh.
TurnoverLess: Cost of Goods Sold
Gross Profit
Less: Operating Expenses:
Administrative ExpensesMarketing, Selling and Distribution Expenses
0perating Profit
Less: Non-Operating (Expenses)/Income:
Financial ExpensesNon Operating lncome
Net Profit before WPPF & Tax
Less: Contribution to WPPF
Net Profit before Tax
Less: Provision for Taxation
Provision for Income TaxProvision for Deferred Tax
Net Profit after Tax
Add: Other Comprehensive IncomeTotal Comprehensive Income
Earning Per Share (EPS)
f,pns,arrCHARTERED ACCOLINTANTS
Statement of Profit or Loss and Other Comprehensive IncomeFor the year ended 30 June, 2018
Particulars NotesAmount in Taka
FY (2017-2018) ll rv Qot6-20t7)
26.0027.00
28.0029.00
30.0031.00
10,576,038,7577.560.044,256
3,015,994,495
340,189,674
165,375,154t7 4,814,5
10,406,605,3677.421.611,733
2,984,993,634
348,512,326
165,887,575I 4,7 5l
1,910,860,270
25.00 74,167,347 91.707.067
2,675,804,821
(1,192,457,877)
1,292,420,96099.963
1,4g3,i46,944
2,636,481,308
(725,621,038)
884,832,907r59.2tl
1,819,153,203
144,114,137
142.324.1421,789,395
23.0019.01
1,409,179,597
197,296,865
195,066,824I
l.2l I ,882,731
r.211.882.731
1,675,039,066
1,675.039,066
32.00 t.2l 2.01
Accompanying notes form tlre integral partof the financial statements'
Khaleda PervinManaging Director
Date: l9th Novernber, 2018
Place: Dhaka
Md. N r Hossain
Chairman
Signed in terms ofour annexed report ofeven date.
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KEYA COSMETICS LIMITED
Jarun, Konabari, GazipurBangladesh.
A. Cash From Operating Activities :
Receipts:
Cash Rcocived I'rom Sales Rcvenue
Cash Receivcd fl'om Other lncome
Total Cash Receipts
Payments:Payment lbr Purchase & Expenses
Total Payments
Net Cash LJsed)/Provided from Operating Activities
B. Cash Flows From Investing Activities:Invcstnrent & I'DIlFixed Assets Acquisition
Net Cash (used)/provided in lnvesting Activities
C. Cash Flows From Financing Activities:
Short tcrm l-oan
Long -ferm l,oarr
Cash and Cash llquivalents arc take over tiom Transf'eror Cornpanics
Net Cash (used)/provitled in Financing Activities
D" Net lncrease/(decrease) in Cash and Cash Equivalents (A+B+C)
Il. Cash and Cash Equivalents at beginning of the period
F. Cash and Cash Equivalents at the ending of the period (D+E)
Net Ope Cash Flow Per Share (NOCFPS)
Accompanying notes lor,m the integral pa
(2,052,548,208) (2,408,772,515)
eprrsrrCHARTERED ACCOUNTANTS
STATEMENT OF CASH FLOWSFOR THE YEAR ENDED 30 JUNE, 2OI 8
Particulars NotesAmount in Taka
FY (2017-2ots) ll FY Qot6-2017)
9,383,191,659
93
11 46
11,529,024,446
9,416,476,238 8,176,051,891
8,024,827,316
1st,224,57 5
10,584,824,406
10,584,824,406
086
(2,354,086)
2,058,974,374(26,2s9,
2,032,714,444
44.361 .565
I 0,469, 164
33,892,401
2,143.091.778
239.5 1 3,03 8
2,382,604,816
(22,187,849) 1,724,70245,453,174 37,728,472
_____n25re5_ __--15As3fJl_
34.00 (2.0s) (2.88)
f the financial statements
Managing Director
Signed in terms of our annexed reporl of even date.
Datc: I 9th November. 201 8
Place: Dhaka
Chairman
Ma. Nbbr FlossainI
Compqhy Secletarl
6r,q6ifpl,r,,,i" \tilt
1.00
1.01
0prrsalChartered Accountants
KEYA COSMETICS LIMITEDNotes, Comprising a Summary of Signilicant Accounting Policies and
Other Explanatory InformationFor the financial year ended June 30,2018
REPORTING ENTITY
Background of the Company1-he company u,as incolporated in Bangladesh as private linrited company on lzl .luly, 1996 as companylirnited bl,shares under the Cornpanies Act; l99zl and converted into public limited compan)'on 07 May1999 undcr thc Companics Act. 1994. Thc company rvas listcd rvith Dhaka Stock Exchange (DSE) andChittagong Stock Irxchange (CSIr) as a publicly quoted company.'l'rading of the sharcs of the companystarted in two stock E,xchangcs fiom 200 l. Thc Registered of'fice and tactory of the company is at.larun.Konabari. Cazipur. And the corporate offlce is located at Priyo Prangan Towcr 106th F'loor). I-louse No.19. Road No. 17. Karnal Ataturk Avenue, Banani, Dhaka-1213.
Key'a Cosrnetics Limited is cngaged in production of several kinds and size of soap, shaving cream,toothpaste. cocouut oil and othel cosmetics items since its incorporation. As on 28 Irebruary 2015. theCompany took over. under a scheme ol'amalgamation all assets and liabilities o1'erstwhile KeyaSpinning Mills Ltd. Ke1,'a Cotton Mills Ltd and Keya Knit Cornposite Ltd. three companies rvcre publicIinrited. the backu,ard linkage industries of'Keya Croup. The scheme of'amalgamation rvas dulyapplovcd by the Flonorable Iligh Court Division of Bangladesh Suprcme Court vide case companymatter no. 235 of 2013, .iudgmcnt dated 07-12-20 l4 with cflbct fiom 28 February 20l5.
Affiliated CompanyKeya Cosmetics Limited has an afllliated company is thc name of Kcya Yarn Mills Limitcd.
BASIS OF PREPARATION OF FINANCIAL STATEMENTS
Statement of Compliance'l'he flnancial statcmcnts havc bccn prcpared and the disclosures of infonnation made in accordance withthe rcquircments of the companies Act 1994, the Securities & lixchange Rules 1987 and lnternationalAccounting Standard (lAS) adopted by the Institute of Chartered Accountants of Bangladesh (ICAB). as
Bangladesh Accounting Standard (BAS) & Bangladesh Financial Reporting Standard (BFRS).'fheIloard o1-Directors is resporrsible fbr preparing and presentingthc financial statement including adequatedisclosures. Who approved and autliorized lbr issue of these flnancial statements. 'fhe statement ofIlnancial position and Statcrncrrt of Ploflt or Loss and Other Comprehensive Income have been preparedaccording to BAS-l "Prcscntation of Financial Statcments" based on accrual basis of accountingfbllorving going concern asslrnrption and statement o1'cash florv accolding to BAS-T "Statemcnt olCashIrlos's".
Regulatory CompliancesAs required by the company. the management complies with all Rules and Regulations applicable in[3angl adesh
Components of the Financial StatementsAccorcling to thc International ,Accdirnting Standards (lAS)-l as adopte<I bl lCAB as BAS-I"Prescntation o1'F'inancial Statcmcnts" the cornpletc sct of Ilnar.rcial statenrents includes thc fbllouingcorxponcnts.
i. Statement o{'Ilnancial position as at 30 .lune 2018;ii. Statementofprofitorlossandcomprehensiveincomefbrtheflnancial yearended30.lune20l8;iii. Statement olchanges in ccluity fbr the flnancial year ended 30 .lune 2018;iv. Statement o1-cash flou's lor the flnancial 1'eal ended 30.lune 20 l8lv. Notcs. Comprising a Surnnrary of Significant Accounting Policies and Other E,xplanatory
Infbrrnatiorr lbr the Ilnancial ycar ended 30 .lunc 2018.
1.02
2.00
2.01
2.01.1
2.01.2
RpTISANChartered Accountants
2.01.3 Measurement Bases used in preparing the Financial StatementsThe flnancial statements have bcen prcpared on thc historical oost basis. and theretbre. do not take intoconsideration the elitct o1- inflation. Thc accounting policics, unless otherwise stated. have been
corrsislently applied by,the con.rpany and arc consistent rvith those ofthe previous year.
2.0t.4 Reporting Currency and Level of PrecisionThe financial statemcnts are presented in Bangladeshi currency (Taka), which is the Company'sfunctional currency. All financial information presented in Taka has been rounded off'to the nearest-l'aka.
2.01.s
2.0t.6
Preparation and Presentation of Financial Statements of the Companyl-he Board of Dircctors o1'the companl, is responsiblc for the preparation and presentation ol lrnancialstatements o1' Keya Cosmetics Limited.
Use of Estimates and JudgmentsThe preparation of these frnancial statements. in conformity with BASs/BFRSs, required managcment tomake .judgments. estimates and assumptions that affect the application of accounting policies and thereported amounts of assets. liabilities, income and expenses. Actual amounts may differ fiom these
estirrates"
Estirnates and underlying assumptionsestimates are lecognized in the periodalfected.
arc rcvicrvccl on an on going basis. Rcvisions to accountingin rvhich the estimates are revised and in any future periods
In particular. inlon.nation about signiticant areas of cstinration on uncertainty and critical .iudgments inapplying accounting policies that have the most significant affect on the amounts recognized in the
financial statements are includcd in the t'ollowing notes:
Note:21.00
Note: lJ.00
Note: 6.00
Note: 19.00
Notc: 23.00
Note: 28"00 & 29.00
2.01.7 Reporting Period
2.0r.8
2.01.9
Fixed Assets
Loans. z\dvance and Deposit
I n ventori es
i)el'elred tax liability
Income tax liability
Depreciation to be charge
Thc llnancial 1'car of the company covers one year tronr I .luly 2017 to 30 June 2018 and is fbllor'ved
consi stcntly.
Statement of Cash FIowsStatemcnt of cash flou,s is prcpaled in accordance ivith "BAS 7: Statcment ol'Cash Florvs" and thc cash
t'lorvs fiom opcrating activities have been presented under Direct Method as required by the Securitiesand E,xchangc Rules 1987 and considcring the provisions that "Dnterprises arc Encouraged to ReportCash Flou, tiom Operating Activities-using the Direct Method".
Compliance with the Requirements of Notification of the Securities and Exchange Commissiondated 0,1.06.2008 under ref.#SEC/CMMRPC/2008-l8l/53/Adm/03/28
a) Notes ltl thc flnancial statcmcnts marked t'ronr 1.04 setting out the policies are unarnbiguous rvithrcspect to thc rcporting tiamcu,ork on which the accounting policies are based.
b) Thc accour.rting policies on all material areas have been stated clcarly in the notes marked from 1.04.
c) The accounting standards that ur.rderpin thc policies adopted by the company oan be found in the
lollorving places of the notes to the flnancial statements:
,,(|"'; -; 'r1..-
ti",iJ r'.r[[iiiti t''"" '' : .'ji\iu.\ i,l 'f\$.;t:9/
Sl. No. Name of the BAS BAS's no.Compliance
statusPresentation o[' Financial Statements 1 Aoolied
2 Invcntories 2 Applied-l Statement of Cash Flows 7 Applied4 Accounting policies. Changes in accounting Estimatcs &
E,rrors
8 Applicd
5 E,vents after the Reporting Period 10 Applied6 Construction Contracts 11 Not Applied
7 lncomc Taxcs t2 Applied
9 Propcrtl. Plant and lrquiprnent 16 Applied
0 Leases 17 Not Applied1 Ii.evenue 18 Apnlied2 Employees Benefits 19 Applied
l3 Accounting lbr Government Grants & Disclosure ofGovernmcnt Assistancc
20 Not Applied
4 The Elfbcts ofChanges in Foreign Exchange Rates 21 Applied5 Borrori,ins Costs /-J Applied6 Relaled Party Disclosures 24 Applied
7 Accountir.rs and I{cporting. bv Rctircrncnt Bcncflt Plans 26 Not Applied8 Consolidated and Sepalate Financial Statcmcnts 27 Not Applied
9 lnvestment in Associatcs 28 Not Anplied20 Interest in Joint Ventures 3r Not Aoolied2t Financial lnstruments: Presentation 32 Applied22 Earnings Per Share 33 Appliedl-) Interim Financial Reporting 34 Applied24 Inrpailrrrcnt of Asscts 36 Anolied25 Pror"ision. Contingcnt t,iabilities and Contingent Assets 37 Applied26 Intangible Assets 38 Applied27 Financial Instrurnents: Recognition &Measurement 39 Applied28 lnvestment Propefty 40 Not Applied29 Asriculture 41 Not Applied
RaTNANChartered Accountants
d) Thc tlnancial statements are in compiiance with thc Bangladesh Financial Reporting Standards(llFRS) rvhiclr are adoptcd fiom the International Financial Reporting Standards (IFRS) issued bytl.rc Intcrnational Accounting Standards Board (IASB).
SL.No.
Name of the BFRS/IFRS BFRS/IFRS No
Compliancestatus
I First-tinre ,Adoption of Bangladcsh Financial ReportingStandards
1 Not Applied
2 Sharc bascd payment 2 Not Applied
J []usiness Combinations 3 Not Applied
4 Insurance Contracts 4 Not Applied
5 Non-Currcnt Assets held lor sale and discontinucdoperations
5 Not Applied
6 lixploration lor and evaluation olmineral resourccs 6 Not Applied7 Financial Instruments: Disclosure-s 7 Applied
8 Operating Segments 8 Not Applied9 Irinancial Instrumcnls 9 Appliedt0 Consol idatcd Financial Statements l0 Not Appliedll .krint Arrangements 11 Not Applied12 Disclosure of lnterests in Other Entitics 12 Not Appliedl3 Fair Value Measurement l3 Not Applied
1
,#--.f ..:''t' \l;:" '' \
{in'1' 8. ', .i\{lni l)1rr' I :J
\U#r
0prrsanChartered Accountants
2'01.10 Standards. antendments or interpretations which became effective cluring the yearDuring the vcar certain amcndnlents to Standards and ncw interpretations bccame ellective hor.vcver theydid not have an)'rnaterial ell-ect on the tlnancial statcments o{'the Company'.
2.01.1 I New/revised accounting standards, amendments to published accounting standards, anclInterpretations that are not yet effectiveThe following nerv standards, amendments and interpretations olapproved accounting standards are onlyef'fective for annual pcriods beginning from the dates spccified belou,and havc not been early adoptcdby the compan1,.
- Antendnrcnts to IAS l2: income tax. def'errcd tax on investment propert),(eI1'ective for annualperiods bcginning ttn altclI .lanuary'2012). The 2010 amendment provides an exception to themeasurcment principle in respect of investment property measured using the f-air value rnodel inaccordance u,ith IAS 40 Investment propcrty. l'he measurcment oldef'erred tax assets and liabilities.in this limited circumstance. is based on a rcbuttable presumption that the carrying amount ol theinvestmcnt property will bc rccovered entircly through sale. The presun.rption can be rcbutted only ifthe investr.nent property is depreciable and held within a business model tvhose objective is toconsume substantially all olthe asset's economic benefits over the life of the asset. The amendmenthas no impact on flnancial statcments cll'the Company.
- IAS 19: (Amcndnrcnt) rcgarding dcfined bencfit plans (ellective for pcriods beginning on or afler.luly 1.20 l4) amendmcnts that require actuarial gains and losses to be recognizcd inrnrediatell,inothcr comprehcnsivc incomei this change rvill removc the corridor mcthod arrd climinate thc abilitylbr entitics to t-ecognizc ail changes in the deflned bencfit obligation and in plan assets in plolit orloss. which currently is allowcd under IAS [9: trnd that the expected return on plan assetsrecognizcd in profit or loss is calculated based on the rate used to discount the deflned benefitobligation. Thc Cornpany is 1'ct to assets thc full impact of thc amendment.
- Presentation of items o['Other Comprehensive income {Amendrnents to IAS- l .1 iellective fbr annualperiods beginning on or alier 1 .luiy 20 l2). l'he amendments requile that an enlit),prescnt separatelvthc ituns ol'othcr comprchcnsive incornc that would bc rcolassifled to profrt or loss in thc future itccrtain conditions are nrct tl'om those that lvould nevcr be reclassified to profit or loss. Theamendl'nents do not adcircss rvhich itcms are presentcd in other comprchensive income or u,hichitems neeci to be reclassiflcd. The requircments ol'othcr IFRS's continuc to apply in this rcgard. Theamendmcnts have no impact on tlnancial statemcnts olthe Company.
- Otlsetting Financial Assets and Financial t,iabilities Amcndments to IAS 32: Financial Instruments-Prcscntation (ctlective firr annual periods beginning on or after tr January 20 l4). The amendmcntsaddress inconsistcncies in curlcnt practice rvhen applying the offsetting criteria in IAS 32 l:inancialinstrunrcnts: l)rescntation. The amendments clarity the meaning of 'currently has a legalll,cntorccablc right of set-ofl'l and that some gross scttlement s),stcms mal be considcrcd cquivalentto rret scttlcntcnt.
- Otf.setting Financial Assets and Financial l,iabilities Antcndmcnts to IFRS 7: Irinancial Instruments-Disclosures (cffective lor annual periods beginning on or alter I .lanuary 2013). The amendments toII'RS 7 contain nerv disclosure recluirenrenls for financial assets and liabilities tfat are ollset in thestatement of flnancial position or s,.ub.jcct to master netling agrecment or similar arrangement.
- Annual Inrprttverncnts 2009-20ll (elfective lor annual periods beginning on or alter I January20 l3).'l'hc ncu'ct'clc of improvements contains anrendments to the fbllorving three standards. tvithconsequcntiai amcndmcnts to othcr standarcls and intcrprctations.
- l,'\S l: l)resentation o1-l:inancial Staternents is amendcd to claril),that onll,one conlparative period -u'hich is the prcceding period -is required lcrr a complete set of financial statements. Ilan entityprcsents additional comparativc infbrmation, then that additional infbrmation need not be in thelbrnr of a complete set of llnancial statements. Hor.vever, such information should be accompaniedby rclatcd notes and should be in accordance rvith IFRS. Irufthermore, it clarilies that the 'thirdstatcment o1' financial position'. when rcquired, is only required if the effect of rcstatemcntimmaterial to stalenlent of llnancial position.
9
3.00
RaTISANChartered Accountants
- tAS l6: I'}roperty. Plant and Equipment are amendcd to clarify the accounting of spare parts, stand-b1'equipment and servicing equipment. The detlnition ol-'property. Plant and equipment in IAS 16is nor'r'cor.rsidcred it.t detcrmining r'vhcther these items should be accounted tbr under that standarcl.Ilthese iter.ns do not rncct the dellnition. then thcy are accounted lbr using IAS 2lnventories.
- IAS 32: Financial Instruments: Presentation - is amended to clariiy that IAS 12- Income'faxesapplies to thc accounting for income taxes relating to dislributions to holders of an equity instrumentand transaction costs of an equity transaction. The amendment rcmoves a perccived inconsistencybetrvcen IAS 32 arrd IAS 12.
SIGNI FICANT ACCOUNTING POLICIES'l'he specilic accounting policies have been selected and applied for significant transactions and eventsthat have a tnaterial cfltct within the lramervork lor the prcparation and presentation of flnancialstatem(]nts.
Fixed Assets
Recognition and MeasurementFixed assets arc accounted for according to BAS 16 "l'}ropefty, Plant and Equiprnent" at Ilistorical costless cumulative depreciation except land and land development which consider at revalued and includesexpenditures that are dircctly attributable to thc acquisition of the assets. The cost of selfconstructed/installed asscts includes the cost of materials. dircct labor and anv other costs directlyattributablc to bringing tlre asscts to lhe u,orking condition tbr its intendcd use and the cost ofdismantling and rentoving the items and restoring thc site on rvhich they are locatcd.
DepreciationDepreciation is lecognized ir.r statement of'prolit or loss and other comprehensivc income on diminishingbalance mcthod over the estimatcd uselul lives ol llxed assets. Depreciation is charged on addition lormthe month olacquisition /addition and no depreciation is charged in the month of disposal. Depreciationis plovided on a diminishing balancc methocl ar the rate(s) shown below:
3.01
3.01.1
3.01.2
Category Ratel,and & L,and Development
Building & Other Const. 5%I)lant & Machinen, t0%Laboratory Equipment t0%Other Machinen, 10%E lectrical E,quipnrent t5%Oflice IJcluiprnent t5%Gas I-ine Equipment and Installation 20%Furniturc & Fixturc t0%Transport & Vehicle 20oltFirc Ir ighting [iquipntcnt t5%
Othcr Assets l5Yo
Softrvarc Der,'eloprnent l5%Cornputer ancl Accessorics 20%
3.01.3 Inventorics
3.01.J. I Valuation of InventoriesInventories are mcasured at lorver ol cost and ex-factory net realizablc value in compliance rvith "BAS2: Inventolies". The cost of inventories is based on rveighted average principle and includes expenditurelbr acquiring lhe invcntories and bringing them to their existing location and condition. Net realizablei'alue is estirnated upon selling price in the ordinary course of business iess estimated cost of complction.When the inventories are used, the carlying amounts ofthose inventories are recognized as expense inthe yeal in r'vhich the related rcvenue is recognized. According to the requirement o1-BAS-2, Invcntoriesarc valued at the lotvcr ofcost or nct realizable value.
t0
3.01.3.2
3.01.3.3
3.01.3.4
3.01.3.5
3.0r.3.6
eprlsa,nChartered Accountants
Category Valuationlrinishcd goods Finishcd goods arc valued at cost or net realizablc value rvhichcvcr is
lorver.Raw materials Raw malerials arc valued at cosl or net realizable value rvhichever is
lorver.Store items Based on rveighted averagc method.
Leased assetsThc lcased liabilitf is considered as a capital lease. So the interest expcnse on Lease liability is charge toStatement of prolit or loss and other comprehensive income undcr llnance cost.
Revenue RecognitionRcvcnue from net sales of thc company reprcscnts invoiccd value ol sale of tlnished goods, rvhich arerecognized alter considet'ing thc conditions. set in paragraph l4 of BAS 18. "Reyenue ". Revenuc fi'omthe sale olgoods is recognized when all the following conditions are satisfied:
o the company has transl-erred to the buyer the significant risks and rewards of ownership of thegoods:
o the compan) retains neithcr continuing managerial involvement to the degrcer.l,ith orvncrship nor ctl'cctive control ovcr the goods sold;
o the amount ol'revcnue can be measured reliabll,;
usually associated
. it is probable thal the econornic bcneflls associatcd rvith the transaction u,ill llorv to the company:and
o The cost incurred or to be incurred in respect ofthc transaction can be measured rcliably.
Foreign Currency Transaction/TranslationIroreign currency transactions are translated into Bangladeshi 'taka at the exchange rates ruling at thetlansaction datcs according to BAS 2l: The eff-ect of changes in Foreign Exchange Rates"" Monetaryassets and liabilitics denominatcd in the fbreign currencies are translated at prevailing rates on thobalance shcct (tinancial position) datc. Non monctary assets and liabilities denon.rinated in forcigncurrencies. rvhich are rclated at historical cost. are translated into Bangladesh Taka at the exchange dateruling at the date ol transactions. Foreign cxchange t'luctuation gairr/losses are chargcd to Statement olprofit or loss and othcr Comprehensivc Irrcome lbr the respectivc period.
Financial ExpensesFinancial costs comprise of interest expense on shorl term loan" The costs are charged to revenue exccptthose are capitalized in accordance with BAS 23: Borrowing Costs"
Financial lnstrumentsNon-derivalir"e Ilrrancial instruments comprise trade reccivables. trade payables, cash and cashccluivalents and shale capital.
Trade Receivables'l'rade rcccivablcs arc recognized initially at invoicc value and subscquently measured at the remaininganlount less allowancc fbr doubtlul leceivable at the year end, ifany. Receivables fiom lbreign currencytransactions are recognized in Ilangladeshi Taka using exchange rates prevailing on the date oftransaction.
T'rade PayablesLiabilitics are recordcd at the anrount payablc {bl settlcmcnt in respcct olgoods and services rcceivecl bythe companl'. u,hether or not billcd bi, the su;lplicr.s
Cash and Cash EquivalentsCash and cash equivalcnts consist of cash in hand and with banks on current and deposit accounts andshort term investt.nents which are held and available for use by the company lvithout any restriction.There is insignilicant risk of change in value ol'the same.
Share CapitalOrdinarl' shares are classified as ecluity. Incremental costs dircctll,, attributable to the issue of ordinaryshares are rccognized as a deduclion fiom equity. net ofan1, tax clfect.
il
RITTSANChartered Accountants
3.01.3.7 Taxation
3.01.1.7.1 Current TaxCurrent tax is the expected tax payable on the taxablc income for the tlnancial ycar, using tax ratesenacted or subsequently'enacted aftcr the reporting date and any adjustment to tax payable in respect ofprevious years. Prcvision lor taxation is calculatcd on thc basis ol applicablc currcnt tax ratc andincompliance ivith ["inance Act. 20 18.
J.01.J.7.2 Deferred Tax'l'he company has decided to adopt policy of recognition ol'del'erred tax in accordance rvith theBangladesh Accounting Standard 12 (BAS-l2). def'erred tax is provided using the liability n.rethod fortcrrporary difl'erence bctl'een thc carrying value of fixed assets as per accounts and the correspondingincome tax written dou,n value. Defelred tax is calculated at the effective income tax rate prcvailing atthe statement ol tinancial position date.
1.01.3.7.3 ProvisionsAs per "BAS 37: Provisions, Contingent Liabilities and Contingent Assets' a provision recognized onthe datc of statcmcnt of flnancial position il. as a result of past even Company has a present obligationthat can bc cstirnated rcliably. and it is probable the outllorv tl1'economic benefits rvill be required tosettle tlrc 0hligutiorr.
A provision is recognized i1. as a result ofa past event. the company has a present legal or constructiveobligation that can be estimated reliably. and it is probable that an outflor.v of economic benefit will berequircd to scttle the obligation
3.01.3.7.4 ContingenciesContingencics arising fiom claim. litigation assessment. fincs. pcnaltics etc are recorded it is probableihat a liabilitl has been incurred and the amount can be nrcasured reliably accordance r.vith "llAS 37:I)rovisions. Corrtingent Liabilities and Contingent Asscts".
3.01.3.7.5 Earning Per Share (EPS)The cornpant oalculates Earning per Share (EPS) in accordance rvith BAS 33 "Earning per Share" whichhas been shorvn on the face ol statemenl ol profit or loss and other Comprehensive Income and thecomputation of IIPS is stated in Note-33 of the financial statements.
Basic EarningsThis represerrts earnirrgs fbl thc period attributable 1o lhe ordinarl shareholders. As there no prcl'ercnccdividend. minoritl'interest or extra ordinarl iterns. the nct profit fbr thc ycar has becn considcred as tullyattributal.rle to ordinan. shareholders. f]asic earnings per has been calculated by dividing the net prolrt orIo.cs bv tirc nunrber o1- ordinar."' share outstanding during the vear.
Diluted liarnings Jrer Share (DEPS)Diluted Ill']S is detcrmined by adjusting the prolit or Ioss attributable to ordinary shareholdels andrveighted avcrage number ol-ordinary.shares outstanding, lor the elfect ofall dilutive potential ordinaryshares. IJorvcvcr, dilution o1 E,l)S is'-not applicablc for these financial statements as there \1ere nopotential ordinary sharcs during the relevant periocl.
3.01.3.7.6 Contingent Liabilities and AssetsContingenl liabilities are currcnt or possible obligations. arising fiom past events and whose existence isdue to the occurrcnce or non- occurrence ol'one or more uncertain luture events. ,ur,hioh are not withinthc control o1'the cot.npany. In accordancc rvith Bn S 37 provisions. contingent liabilities and contingentassets are disclose in the llnancial statcments^
3.01.J"7.7 Worl<er's profit participation & welfare funds1-he companl' contributed 57o of net profit befbre charging the amount. to the albrementioned fund inaccordance rvith the recluircmcnt ol'Scction 234 of Labor Act" 2006 (Amendment-2O13).
I,l
-4'€- '-//," ,.
//-t - a.
til-\:1t" 1 n., ,
ll \tt ILII ,+
J'll Ol !itt:..';i,H\Vo.t;**-."
Rpr$ANChartered Accountants
3.01.3.7.8 Segment ReportingNcisegmentil reporiing is applicable lbr thc company as required by "BFRS-08: Operating Segment" as
the company operates in a single industry scgment and rvithin as geographical scgment.
J.01.3.7.9 Event after Statement of Financial Position Dateln compliancc i.vith the requiremenls of "BAS-10: Event Alier thc reporting period" that provide
additional information about the company's position at the datc of the flnancial position are lellectcd in
the financial statcments but the corr.rpany has no such event to rcport in thc current financial year'
3.01.3.7.1 0 Going Concern'l'hc crimpanl has adequate resoul'ces to continue its operations for fbreseeable future. For this reason the
directors continue to idopt the going concern basis in preparing the accounts. The resources of the
cornpan).ar.e sulllcient to meel the present obligation o1-its existing businesses and operations.
3.01.3.7.1 I Related Party Disclosures'l'he cgurparrl,ialried out a nuntber o1- transactions rvith related partics in the normal course o1'business
and on arms" length basis. 'lhc intbrrnation as rcquired by BAS 24: Related l)arty Disclosures has been
disclosed in a scparate note-36 to the accounts.
3.01.3.7.12 Financial Risk Management Policies'l'he company is exposEd to normal business risks from changes in market interest rates and currency
exchange rates and liom non-performance of contractual obligations by counterparties. The company
cloes 11ot hold or issue derivative llnancial instruments for speculative or trading purposes.
lnterest Rate RiskTl.rc company'has no signilicant risk oifluctuations in intcrcst rates.
Foreign Currency Risk'l-hc
c6rnpan1, is ciposed to lbreign currenc)' risk relating to purchases rvhich are denominated in loreign
currencies. 1'he corr,pany prirnarily utilizes fbrr,vard exchange contracts with maturities of less than onc
)-ear to hedgc such financial liabilities denominated in foleign currencies. 'l'he ftlrward exchange
contracts entered into at the reporting <jate also relate to anticipated purchases, denominated in foreign
currencies. for the subscquent pcriod.
Credit RiskClredit risk is the potential tlnancial loss resulting lioni the l'ailure ol'a customer or countcrparty to scttle
its ljnancial and contlactual obligations to the conlpany as and when they' fall due.
Managcrnent has a credit policy in place and the exposure to credit risk is monitored on rn ongt,ing
basis. Clrcclit evaluations are pcrlbrmed on all customers requiring credit over a ccrtain arnount. At the
rcporting datc there wcl'e no signilicant concentrations of credit risk. The maximum exposurc to credit
riik is ripresenred by the carrying amount of each financial asset in the statement of llnancial position.
Hou,ever. duc to the large number olparties comprising thc gloup's customer base, Management does
not anticipate material losses tl'om its debt collection.
Liquidit)'Risk't'he cornpanl,, nronitors its liquiditl' risk and maintains a levcl ol cash and cash equivalents deemed
adcquate-bl ntanagenrcnt to flnance the companv operations and to mitigate thc efl'ects of fluctuations in
cash llou's.
Fair Values-l'he fair value is the amount lor rvhich an asset could be excl,anged, or a liability settled. between
kncl"vlcdgeable, r.villing parties in an iirm's length transaction.
Thc lair r,,aluc 6l traclc arrd other short-ternr receivablcs are taken to approximate their carrying value.
1'he fair valr.re o1'flnancial asscts and liabilities approximatc thcir carrying valuc.
3.01.3.7.13 Ceneral
i) Comparalive figures have been re-arrangcd rvhere considered necessary'to ensure better oomparability
u,ith the current pcriod without causing any impacl on the profit and value olassets and liabilities as
leported in the flnancial statcments.
ii) Figures lirr the 1,ear 2017 have been rearranged rvherever considered necessary to ensure
cornparability rvith thc cul'rent year.
l3
4.00 FIXET) ASSE,TS
l,-ixed Asscts at cost :
Opening Ilalance
Addition during thc pcriod
Adiustment during the period
Closing llalance
Accumulatcd Depreciation :
Opening Balarrce
Charged during the period
Closing Balancc
Writtcn l)orvn Valuc as on 30 Junc 2018
Rcvaluation:Opening Value of Revaluated Assets
Addition during thc ycar
I-css: Accumulatcd Deprcciation this period on Revaluated Assets
Writtcn Dorvn Closing Value of Revaluated Assets
Written Dorvn Value as on J0 Junc 20ltl
Details shorvn in .{nncxurc-A
INVESTNlENTOpening balances
Add: Adjustment /Addition during the period
STOCK OF GOODS ]\I,\TE,RIAI,S & S'I'OITES
Cosnretics
Knit Cornposite Division
Cotton Division
Spinning Division
Amount in Taka
30 June 2018 ll 30 June 2017
8.237.133,"12811 S,zzA,oe+,se+
1.5s1.387.3r r ll r0.46e.r64
9,820,521,039 8,237,133,728
s. I 80.367.5s5 Il ,1.q0+.Oz+ ozs
2 8.76.s. r57 ll 2 r6.2s3 48 I
5,394,132,712 5,1 80,367,555
4,426,388,327 3,056,766,173
930,412,763
28 1.066.878
930,412,763
249,0'.10,6t9
5.00
6.00
649,345,885 681,312,744
--LU:!1!!12- ----lli 8'1!!,1-l-Z-
I 52,806,863 t97,t68,428
(13,233,208) (44,361,56s)
_____ll2fllfll_ ______82,806,q91_
11,418,677,952
I,675.310,626
4,369,206,633
2,804,922.323
2,s69,232,311
1,461,201.055
3,810,809,i17
2,446,445.092
2,240,877,002
6.01 Dctails of Stock of Goods N'laterials & Stores
Ilarv & Packing Materials lNote-6.01(a)
Work in Proccss (Notc-6.01(b)
Finished Stock (Note-6.0 I (c)
Spare Parts & Carrnents
6.01(a) Raw & Packing N{aterials
Rarv Materials
I'acking Materials
6.01(b) Work in Proccss
6.01(c) Finishcd Stock
71,418,671,952
2,459,000,692
697,420,448
560,221 ,521
7,702.029,291
9,959,332,466
1.987,089,895
622, l 56,885
404,-s88,95 8
6,945,496,728
2,459,000,692 1,987,089,895
2.32q.$t.s72 lJ r 876 215.04u
I 2q 5uq. I lu ll I l{r.r{54.8.s5
697,120,418 622,156,885
560,221,521 404,588,958
,zffiT"r'ii+i r", j.,j)\',\ .',it'\U:1rr"'
7.OO \II\TE]IIAL IN TRANSITCosmetics
Krrit Conrposite l)ir ision
Cotton Division
Spinnrrrg Division
8.00 LOAN, ADVr\NCES AND DEPOSIT
Advance lncome Tax (Note -8.01)
Cosmetics (Note-8.02)
Knrt Cornposite Dir ision
Cotton Division
Spinning Division
8.01 Advance Income Tax
Opening balances
Add: Addition during the year
8.02 Closmetics
VAI' Current Account (Note-8.03)
SD Current Accolrnt (Note-8 0zl)
VAT Paynrent undsr Sub-.ludicial
Advance against Land purcl.lases
Advtrnce against Expenses
Advance Salary
Advance Against Flouse Rent
Prepaid Insurance
Marginal Deposit A/C
Deposit rvith Rural Electriflcation Board (REB)
Securitl, deposit to CDBL
Deposit agarnst'l N'1'
Deposit ivith IJOC
Deposit withTGTDCL (Titas Gas)
8.03 VA'l"CurrcntAccountOpening balances
Paid through challan
Paid on purchase
l)aid on Erport (DEDO)
I)aid on Advertisernent
[,ess : Ad-justed during the year
tt.(),l SD Current Account
Opcning balances
Paid through challan
Adjustrnenl during the period
Lcss : Acllusted during the year
507,115,826
57,1 I 1,80 I
l 92,959,504
77 "822.147
179,222,37 4
613,556,645
42,548,536
280,860,999
65,289,585
224.857,525
547,415,572 505, I 46,638
l- 505-1146,o:8 ll---- 4^36.601I qz,zos.%ql[ s:,oro,o:,
I
281,147,999 276,371,052
4,566,539
541 ,398
I t4,777 "000
I t7 ,029,17 5
6,551,023
(234,332,
1,275,959
511,398
1,387,78 I
I 06,580.000
95.514.261
7.981 .29,4
(210,927,941
16,533
I r6-,rtlT ,{ j4IL4124ioll souooonI
| ,o ,rr rrr,ll ,, orr ron,l
1,521,700,672
547 ,415 ,5'72
28t,147,999
389,9'.79,302
147,095.286
I 59,062,5 I 3
505, I 46,638
276,374,052
4'72,542,558
I 69,658,582
180.626.075
4.5(,6.5jq ll S+ r.:Ss
r 27s.e5q Jl 16.533il '"'3212.23e ll 3.2r22le
250,000,000 ll 250,000,000
r5,s22,150 ll 15,265,825
856,865 ll 758,48s
108.000 ll 108.000
52l.l3l ll 1380.456
r,e65,8s8 ll 1,e6s,858
2rr,306 ll 211,306
30u.000 Jl luo.oou
10.000 ll Io Orx)
24.000 ll 24,000
2.s73,es2ll Z Sz; oSZ
15
Amount in Taka
30 June 2018 ll 30 June 20tz
Amount in Taka
30 Junc 2018 ll 30 June 2017
9.OO CTJIIIIEN'I".\CCOT]NT WITII SISTEII, CONCEII.N
Cosrnetics (Note-9.0 I )
Knit Contpositc Dir isron
Cotton Divislon
Spinning Division
9.01 Cosmctics
Current Accounts rvith sistcr concern stands receivable lrorn Keya Yam Mills Limited.
Details of rvhich are as below:
I'revious balance
This .vear's ad.justment
Total Current Accounts rvith Sister Concern
IO.OO TRADE RECEIVABLE:
Cosmctics (Note- I 0.0 I )
Knit Cornposite Drvisron
Cotton Divrsion
Spinning Division
10.01 Cosmetics
Receivable from Export
Receivable fiorn Distributor
I 1.()O OTIIER ITECEI\/ABLE:
Cosmetics
Knrr ( ornpositc Dir ision
12.00 CASII AND I}ANK BALANCES
.,\. Cash in Iland:Cosmctics (Note-12. 1.0 I )
Knit Conrposrte Divrsion
Cotton Division
Spinrring Drvision
I]. Cash at Ilank:
Cosnrctics (Note- 12. 1.02)
Knit Crrrnptrsitc Dir ision
Cotton Division
Spinning Division
1-otal (A+B)
12.01 (losmctics
l2.l.0l Cash in IIand
I,646,336,539
587,910,92'1
l 3,563.526
308,3 I 6,454
736,545,632
1,968,754,257
693,543,412
t4,584,252
412,548,252
848,078,28 l
682,68s,6 I 6
1 0,857,856
__693843,O2
9,9681454,576
t,o7e,0e4,4s1ll e::,+ot,sas
s,41s,284,087 ll +,lSS,lSt,+SS
2.042.3t3.1s'7ll t.oas.oaz.szs
2.624.60q.q73 ll Z OoO.O+O.zUS
933,461,888
728.182
932.733,106
587,836,673
fj"g6rj63l| +qs.qr,ossl[ ssr,sss,zrs
I
4,391,401 3,g70,o8l
s97,t7e ll z,ozo.+tz
2,4s3,oo r ll 252js2376,6'12ll SS+.-sSz
954.549 542,565
18,883,924 ,11,356,461
s.63 r.23s ll s :as.+sz
10,e60,512 ll 1,236,71e
r08,oro ll 5r,156
2)83$22ll 28,723,t34
__23_2!:;2!_ ______lilllJlt-
693,s43,472
( l 05.632,54
587,910,927
I 1,161,301,668
No amount rvas clue by the directors, ntanaging agent, managers and other officers ofthe company and any olthem severally or
lointly ivith any other person. Considered good. No provisions has made against the debtors.
1,079,094,451
-:--- 7zL7B21
| ,,or*,rur,uu, I
453,284,248
597,179 2,384,398,463
12.1.02 Cash at Bank
Al Arafah lslami Bank Ltd.
Megna Bank Ltd.
Bank Asia I-td
LISBC L.td.
City Bank l.td.
DBBLDhaka Bank Ltd.
National Bank Ltd.
Onc Bank Ltd.
Prernier Bank t-td.
UNION Bank Ltd.
Prirne Bank Ltd.
SEBL
Sonali Bank Lirnited
Sonali Bank Limited
SII]LSBAC I,td,
Standard llank Ltd.
I3.OO SIIARE CAPIl'AI-Authorized Sharc Capital :
CD A/c
CD A/c
CD A/c
CD A/cSTD A/c
CD A/c
CD A/c
CD A/c
CD A/c
CD A/cCD A/c
Sl'D A/cCD A/c
CD A/c
STD A/c
STD A/c
CD A/c
CD A/c
0541020006177
l l0l l l 100000514
00833007207
003-173598-01 I
292 l 05340800 I
0l l6l 10000003398
023 I 00000004444
5i45
00 I I 8376008
010411100012791
2613
l 083 1 08000287 lr11000il624'768'7
3600 I 1 34
001013100001599
0 il 1 1000024635
00933007895
Amount in Taka
30 June 2018 ll 30 June 2012
15,000,000,000 10,000,000,000
10,021,066,596 8,350,888,830
4.6t5,642 4,615.642
_!{J!{!2_ ____l_{Jl{a_468,576 468,576
l-500,000,000 Ordinary Shares -g)-fk. 10.00 each
lssued, Subscribed & I'aid up Capital100,21,06,659 Ordinary Shares @ Tk. 10.00 each
t{.00 silAItE t,llIiN{tt jN,l
0pening balances
[-ess : Adjusted to stock dividend during the year
ITEVALT.IATION RESI]IIVECosmetics
Knit Cornposite DivisionCotton I)ivisionSprnning Division-IAX I{Ot.lDAY RESI!ll\/L,Cosmetics
Knit Composite DivisionCotton DivisionSpinning Division
15.00
16.00
468,5-76 468.576
6,780
6,545.00
9'.72,368
2, l 04,681
28,415
55,574
92.3'18
4,064
|,98'7 ,436
371 ,560
1,433
7,695 00
t, l 85,784
2,288,923
256
29,565
59,224
93,528
13,531
86,65 l
1,577,142
30 June 2018 30 June 2017
3"121,895.100326. I 49,300212.469.600203"948.060I 66.601 , 190
3t,142.960605,886.3 10
3.069,820
3,064,9 I 2,590
384,29 l, I 00
1 77,058.000
I 94, l 23,390
I 38,834,330
36,369, l 40
1 ,244,0'7 t,9302,558,190
1 08.670. 1 60
Mr Abdul Khaleque Pathan
Mrs Feruza Begum
Mrs Khaleda Pervin
Ms Tansin Keya
Mr Masum Pathan
Khalequc & Co l-td
Keya Yarn Mill Ltd
Keya Sweater Ltd
General Public
312.189,510
32,6 I 4,930
2t,246.96020,394.806
16,660,1 l93.114.296
60,588.63 I
306,982
534.990.425
31.t5%3.25%2.12%
2.04%
1.66%
0 31%
6 05"4
0 03%
s3.39%
15,711,731 .l5,7rl,l,7l I
r---=rttllllillll
5,631,235 5,345,452
-:=l\.":_:..',r4,\
.. ,l \\11,. I'r\ir lil
4li)l iLr f:. \
\+
of Sharc Holders : tn
ParticularsNo, ofShare
7o of Holding
Total 1.002,106,659 100"4 10.021.066.590 8.350.888.830
w
I7.O() REl'AINED EARNINGSOpening Balancc
Net profit/ (Loss) during the pcriod
Itevaluation Reserve during the period
Dividend Declarcd (Bonus Share)
I8.O() LONG TEII.M LOANCosmctics ( GSI'Finance Ltd.)
Knit Cornposite Division (Note-l 8.0 I )
Cotton Division (Note-l 8.02)
Spinning Division (Note- l 8 03)
18.01 Knit Conrposite I)ivisionDr:tch Bangla Bank Ltd.,Gulshan Br.
Southeast Bank LimitedNational Bank Limited
Pubali Bank Liu.rited
18.02 Cotton l)ivisionSoutlicaset Bank Limitcd, Gulshan Branch
National Bank [-imited. Gulshan Branch
Union Capital L.irritcd, Main OlficePubali Bank Limitcd. Principal Branch
18.03 SpinningDivisionStandard Bank Gulshan Branch
National Ilank L,imited. Gulshan Branch
National Bank l-imited. Culshan Branch
Pubali l-]ank l-imited, l'rincipal Branch
Bank Asia t.td., MCB Dilkusha Br.
Souteast Bank Lirnited. Gulshan Branclt
Social Islami Bank Ltd. Uttara Brancli
18.04 Demand on Long Term LiabilitiesRepayable within one year
Repayable more than one year
I 9.()O DEF'I'ItED TAX I,IAI]II-I'TYOpcning balanccs
Add/l-ess: Ad.iusted during the period':-
19.01 Defcrcd -l'ax
1,268,558,818
1,'126,853,84'l
I,21]l "882,'t3l
I 1"1'^1
1,726,853,847
t ,325 .6'79,17 t
1,675,039,066
1 ,864
Carrying amount as on Balance Sheet Date
Less: Tax based as on Balance Sheet Date
Taxablc Temporary Dilferencc
Deferred Tax Liabihty (25 %)
Dcferred tax expenscs/(income)
18
2,600,300,053 2,691,788,747
137,s85,246ll t:r,OaS,Za6
40r,36r,038 ll 401,361,038
ib6.644.u91 ll :00.0++.uot
r69.481,e35 ll tOo,ArZ,tOt
r,087,746,04511 r,203,821.241
437 .081,699 415
809,537,544 822.793,99'7'1,'762,715,'158 7,775,719,235
____9,s72 2s3;92_ _____qd2&1i212_
l 87,950,864 r86,161,469
2,230,041 1,789,395
______t291!92!!- ______1!Z2l9d!1-
4,986,532,s63 3,666,532,s12
______}e_al{ 4e_ _______zlfzid9i22,300,412 I 7,893,95 I
8,572,253,302 8,598,513,232
f-1:sso3:r]lf-lo4rxpoolI z,as r, r ss,oso ll 2,is6,'trt.iet I
I z.tsoJsa)ss ll 2,81s.317.6s4 |
I z,ooo,roo,osr ll z.ogrJsaJfi |
2,85l,195,690 2,786,781,791 .
| ,0,,,,,,r,, ll *)',21;:,1XZlI 336.130.s17 ll 336.130.517 I
I r,stz,sqi^qzzll r,ssz.s+i,qzzl
2,196,196,189 2,815,317,694
f -?
o 6z rBo ol l--- 7 w 6 4,s oqI r,783,rss.859 ll l,783,lss.8se
I
I roz.+oo,+ro ll zgs,oqz,33s
I
l'he above long ten.n loans are secured by registered mortgage of the lactory land and land development and building and other
civil ,uvorks and plant and rnachinery. The rate ofinterest is varied from I3% ro 15Yo.
Delcrrcd tax assets and liabilities have been recognrzed and measured irr accordance with the provision of BAS - l2:"lncome
Tax". Related dclerred tax expenscs/iucome have been recognized in the staternent ofcomprehensive statement.
5,075,734,212 3,73 8, I 08,3 I 7
2,230,041 1,789,395
Amount in Taka
30 June 2018 ll 30 June 2017
2O.OO BANK LOAN & OVERDRAT"I'S (SHORT TERNI LOAN)Cosrnetics (Note-20,0 l)Knit Composite Division (Note-20.02)
Cotton Division (Note-20.03)
Spinning Divisron (Note-20.04)
20.01 Cosmetics
CC Loans CC(P) 556 Sonali Bank Ltd. BBA Branch
CC Hypo CC(l l) 548 Sonali Bank Ltd. BBA llranch
CC Hypo CC(FI) A/c-000-523-00, Premier Bank Ltd. Banani Branch
SOD A/C No. 00970201949 Standard Bank Ltd.
LTR- Prernier Bank Ltd.
L'l'R- Standard Bank Ltd.
Prcmicr Bank Ltd. (UPAS L/c)
Demand Loan-llank Asia Ltd.
Amount in Taka
30 June 2018 ll 30 lune zOlz
414,16e,2s6 ll 40s,324,e86
2.2r3.717.80011 r:r2.453.108877.979.663 Il 877.e7q.663
4.8q7 608.416 ll 3.748.761 005
136
20.02 Knit Composite DivisionPubali Bank Ltd.-CC (llypo)LIM / TR / LTR / TL IDL IPADI Cash Incentive Loan
Tirne Loan SEBL
EDF Loan -SEBL
FBPN/FDBP.SEBL (EXPOR'I)
PAI)
OfT Shore Loan
Cash lncentive Loan
PSC Pubali Bank Ltd. & Southeast llank [,td.
Cotton DivisionPubali Bank Limitsd CC (Hypo)
Pubali llank Limited Short Tenn Loan
Spinning Division
Puhali Bank Ltd (L'l'R & PAD)
South East Bank Ltd.- Gulshan branch
Pubali Banl< l.td. (l Ii'po)
414,169,2;6gq )\7 )97
)R 7)5 1q5
53,963,848
12,548,594
I 19,604,910
1 00,089,2 I 2
2,213,737,800
I 35,489,532
32,708,928
528,937,0r9
I 25,32 I ,055
6,036,479
1,208,502,504
26,883,607
149,858,676
405,324,986qq )l) )q'7
t5 6Jq 595
53,963,848
I 1, I 70,960
I I 6,204,988
89,123,298
1,31 2,453,108
r 35.489,532
256,789,83 5
712,834,912
87,320,2'.77
6.036,479
il3, 073
20.03 817 ,979,663 877,979,663l------is7l;3sil1 6{nz.:.s21I son.ooz.:r r ll son.ooz.:rr I
15.607.37q ll 13.7s2.J82'll
57.s65.i25 ll 60. r25.+s5
I .q2 I .56i ll t .gs+.r,szl q2 1,56i ll t ss+.r,sz
s,oas,oi r ll r,,25-l.nl2
33,752,482
20.04 4,897,608,416
1,102,577"155
3,126.634,033
68.397.228
3,748,763,005
t,102,577.155
2,577.788.622
68.3 97.22tt
21.00 1'It.{DE PA\'.\Br_r:
Cosmetrcs (Note-2 l.0l )
Krrrt ( ornpositc Division
Cotton Division
Spinning Division
21.01 Cosnretics
Creditors fbr Advertisement
Creditors lor Matcrials
Creditors for'l'ransport Expenses
Creditors fbr Others
100,779,898 101,987,451
35,607,379
f- 4,r3rin-1t 3B56Jrl-l| 27,s63,s2t ll 25,352,704 |
I r.ozs,osr ll t,8e6,5s8 |
| 2,235,642 ll 2,546.325 |
./ifEF\ir[,,,u,,
'i ,i
\1"\ ,''"\Uir".
22.00 OTJ'I'STANDINC LIABILITIESCosmetics (Note-22.0 I )Knit Cornposite Dir iston
Cotton DivisionSpinning Division
22.01 CosmcticsWages & Salary
Dircctors Rerttulteratiott
Audit Fee
Gas llillAdvertisement
Offrce Rent
23.00 PROVISION FOR INCOME TAX
Opcning balances
Add: Addition during the PeriodLess: Adjustcd /payment during the period
2,1.00 IINCLAIIIED DMDENI)Cosmetics (Note-24.0 1 )Knit Composite Dir ision
Clotton DivisionSpinning Division
24.01 Cosmctics
Opening balance
Proposed during the year
Paid during the year
25.00 WORKERS PROFIT PARTICIPATION AND WELFARE FTINI)
Opening balances
Add: Addition during the Year
Lcss: Adiusted /payment during the year
26.00 'ftlltNo\rEIlSales (t-ocal)
Sales (Export)
Gross l-urnover
Less VAT (Note-8 03)
Less: Suplimentary Duty (Note-8.04)
27.00 cosr ol'GO()DS SOLDRaw, Packing and Spare Parls Consunted (Note-27.01)
lvlanulacturing Overhead (Note-27.02)
Add. Opcning Work in Progress
Less. Closing Work in Progress
Cost of Gootls N{anufacturc
Add: Opening Finished Stock
Less: Closing Finished Stock
COST OF GOOD SOI-D
420"034,625
142,324,'142
48.035,415 47,679,846
[--8,ijJJ60lI I r,aos,zlo ll 32,584,024
|I s-r63.256 ll 5.326,89s I
I z,+rg,sol ll z,sro,+ss I
466,599,966
r 95,066,824
( I 26.855,469) i95.754.40 l)5J,l.8l 1.321 466,599'966
,1,000,384
t77.020.714\ (97.146.346)
47,048,966 49,902.1J2
10,576,038,751 I 0,406,605,367
r,8e5,444,e6811 t.+os,ss:,zzo
8 qre.37q.3lr ll q.2t7.317.e7t
10,811,824,279 ll 10,622,901,69,t
(234.58e.33s)ll (210.83i.058)
4.ie6.te4)ll (s,463
7,936,781 7,936,781
f--r0l]lf-,---'Tl| , ,,. o,o ll , ,,n oo,,
I
4,000,384
f--"-"--Ilr-"=Tl49,902,332'14,t57,34'7
55.341 .6 I I
91,707,06'.7
6,740,466,85 8
1,171,656,695
430,048,74 I
622, I 56,885
7,720,015,,109
l 06, I 85,282
404,588,958
6,556,26'1,826
t,234,672.556
622, I 56,885
69'7,420,448
7,715,676,819
404,5 88,95 8
560.221,521
7.560.0Jt,256 7,J21,61 1,7J3
Amount in Taka
30 June 2018 ll 30 June 2017
8.593.360 7,252,469
2i6.sq6 ll +.s+a.zs+
788.5be ll zss.sr,s
200.000 ll loo.Utto
2,s3s,632ll t,tzs,+ss732,s63 ll s8e,688
7.560.044,256 7,421,611,733
27.01 l{aw and Packing }laterial ConsumetlOpening Stock
Local Purchase
Import Purchase
Goods Available for usc
[.ess: Closing Stock
27.02 i\Ianufacturing 0verheadFucl Orl & Lubricant
Salary and Wages
Ilepairs & Maintenance including Spare part & stationarl'
[,ttilit]' Charges-(las
Llhour Chargcs & Ovenrme
lnsurance Prenriunr
Gcncrator Overhauling Charges
Others Expenses
Depreoiation (Annex. -A)
2tt.00 ADNIINISTR;\TIVE EXPENSES
Salary & Allorrarrccs
Direclor's Rcnruncratron
AGM Exper-rses
Conveyance
Depreciation (Annex.-A)L,ntertainment
Fees & Fonns
Repairs & Maintenance-Offlce & Vehicle
Medioal Ilxpense
Misc Expcnses
Postagc & Courier
Rates and'l'ares
Business Dcvelopment Expenses
11 expenscs
I rade Shorv
Freight charges
Carriage outward
Donalion
Stationer\
Merger Expenses/Audit- legal
C&l-- expenses'l'elephone / Irax / Enrail llxpcnses
Others Expenses
29.00 N'IA R KI'T I NG, SELLING T\N D D ISTITI'|}I]'I'ION EXPEN SES
Salary & Allou ances
Advertrsement
Distribution Expenses
Marketing N4eeting Expenses
Carriage Outrvard
C&F Expenses (Export)
Samplc and CiliReparrs & Marntenance of Vehicles
Othcr Marketing Expenses
6,556,267,826
1,987,089,895
2,16s,632,563
4.862.s46.060
9,015,268,5185q
6,740,466,858
620,515,656
2,200,254,652
5,906,186,445
8,727,556,753
1,9u7,089,tt95
30,300,823
604,845,093
77,815,0,18
l 36.456,397
138,299,t61
2'7 "805,7 t34,887,808
29,941,450
184,321,062
28,585,683
565,275,788
74,822"161
12,1,051,270
130.470,90'7
26,48 r,63 r
4.655,055
28,5 I 5,667
I 88.798,533
42,213,565)r 45) 545
2.176,818
220.194
62.932,814
407 "8671,584.855
4,461.067q05 1.10
4 I 3.803
7 45 ,9044, 1 54,85u
7,82 1,545
45 8.485
224.21 -1
2,504.425
3,562,892
2,856,582
305,54 I
1,925.658
320, l 45
3 88,956) i5i J7l
4s,590,650
22,452,545
2,400,000
224,59'7
6t "444354420, 1 0
3,600,000
4,684,120
84 1,966
426,217
i60,8221,5 86,889
6.257,236460.161
226.8t92.579,s58
3,776,666
2.4'.70.943
314.707
200,000
329,7 49
400,624
17,1,814,520
1s,153,512
32,439,220
12,736.793
I 89,754
J0 127 057
7.500.334
8'72.5'79
1,448.586
4,t46,686
182,621,751
69,586,585
38,254,582
14.862,762
I 86,034
u.243.7237.167.296
863.940
1.134,243
465,58'7
Amount in Taka
30 Junc 2018 ll l0 June 2017
1,234,672.556 1,1 71,656,695
I54
Z*,FF\z-- rr.rlri-\\
/i , -i-* -'...-\it -j n!, .! I :., ',i
l,1i's1., rrrl\,',...' -.) tj\.:,;* .'t l\{''ic:;:'l',"\::::-,- '
I
3().OO PINANCIAI, IiXPI'NSESBank Charge
Rate Iilucluation-Foreign Excharrge
lnterest on Bank Loan
31.00 NON OPERATING INCON{EIncome irom DEDO
Dividend lncome fiom CDBLOther lncome
Wastagc Salcs
J2.00 E,\RNINC PER SI{ARE (ttPS)
Earning attributable to the shareholders (Net Profit after Tax)Nurnbcr of ordinary shares outslanding
33.00 Nltl'ASSETS VALtTE (NAV) pER STTARE
Net Worth of the Corrpany
N-ulnber oI' orclinary shares outstanding
NIiI-OPERATING CASII FLOW PER SIIARENet Opcrating Cash Flow
Number of ordinary shares outstanding
NTIN,IBEII. OF ORDINARY SITARESNuurber of ordinary shares outstanding
Rnr,,\'t'u D pA Rr'\' TItA NSAC-rr ON (8,,\S -21)lnvestmcnt in Share
Share Moncy Deposit
I-oan to KYMI-
14.02 15.37
r4 045.s37.i6e ll r2.833.5se.638
1.002.r06.660 ll 8is
(2.0s) (2.88)
t-rJ-itJ+8208 jlTr2-+r)8,??rJrs,l
I r,ooz.roo,ooo ll s:s.oss.rs; I
1,002,I06,660 835,088,883
frpor,lCs6olt sx!8s..qs:l
5,000,000
1,292,420,960
14.512.296
41,'720,041
1,236,t88,623
884,832,907
t 4 ,02t .54255,148,765
815,662
99,963,083
6,678,503
1,142,362
16,933,624'7s,208,593
159,211,869
7,98'7,294
|,142,362
51,854,558
22'1 ,655
t.2lt,2t t ,977 ,731
1,002,106,660
2.01
1,675,039,066
088,883
34.00
J5.00
t6.00 5,000,000[Tm37.00 EmployeePositionofKeyaCosmeticsLimited asperrequirementofscheduleXl,partll,Para3
Salary Range (Monthly)Total
Officcr & worker[Iead Office Factory
For the year endetl 30 June 2017 4925 106 4,819
Belorv 5,999 3625 16 3,609
Above 5,999 1 825 102 1.723
l'or the vear ended 30 .Iune 2018 5450 lt8 5,332
Amount in Taka
30 June 2018 ll 30 June 2017
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