Bangladesh Lamps Limited

Financial Statements Sadar Road, Mohakhali

3rd Quarter 2010 Dhaka - 1206

BALANCE SHEET (UN-AUDITED)

AS AT 30 SEPTEMBER 2010
Figures in Taka
2010 2009
Particulars At 30th Sept. At 31st Dec.
Assets
Property, plant and equipment 96,935,011 106,946,118
Intangible assets 95,000 117,500
Investments 38,250,523 38,250,523
Loans and deposits 2,041,519 2,240,969
Total non-current assets 137,322,053 147,555,110
Inventories 151,388,109 127,990,769
Trade and other debtors 350,591,341 253,086,921
Advance, deposits and prepayments 7,403,379 4,999,566
Advance income tax 42,256,537 25,757,285
Cash and cash equivalents 97,628,528 89,925,773
Total current assets 649,267,894 501,760,314
Total assets 786,589,947 649,315,424
Equity:
Share capital 72,081,600 72,081,600
Reserves and surplus 238,997,484 233,742,040
Total equity 311,079,084 305,823,640
Liabilities:
Long term loan 27,083,338 36,458,334
Deferred liability - gratuity payable 22,675,458 22,008,780
Deferred tax - liability 16,617,867 19,441,088
Total non- current liabilities 66,376,663 77,908,202
Current portion of long term loan 12,500,000 12,500,000
Short term finance 208,861,720 92,323,508
Trade and other creditors 66,122,747 60,957,763
Accrued expenses 6,707,567 7,455,857
Other liabilities 28,774,695 16,210,389
Provision for taxation 61,931,016 48,652,421
Provision for royalty 24,236,455 27,483,644
Total current liabilities and provisions 409,134,200 265,583,582
Total liabilities 475,510,863 343,491,784
Total equity and liabilities 786,589,947 649,315,424
Net assets value per share 432 424
 PROFIT AND LOSS ACCOUNT (UN-AUDITED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2010
Figures in Taka
Particulars Jan-Sept. 2010 Jan-Sept. 2009 July-Sept. 2010 July-Sept. 2009
Sales ( net of VAT & SD ) 380,757,612 378,845,306 100,226,048 122,178,134
Cost of Goods Sold (326,091,118) (326,270,761) (86,907,097) (108,285,442)
Gross profit 54,666,494 52,574,545 13,318,951 13,892,692
Other Income 8,526,900 8,166,199 2,914,843 2,721,500
Operating Expenses (20,646,065) (18,117,558) (6,175,105) (5,452,915)
Profit from operation 42,547,329 42,623,186 10,058,689 11,161,277
Finance cost :
Finance expense (18,589,594) (24,929,200) (4,082,790) (7,466,807)
Finance income 19,028,612 20,566,669 4,984,206 8,263,010
439,018 (4,362,531) 901,416 796,203
Profit before contribution to WPPF 42,986,347 38,260,655 10,960,105 11,957,480
Contribution to WPPF (2,046,969) (1,821,936) (521,910) (569,404)
Profit before income tax 40,939,378 36,438,719 10,438,195 11,388,076
Tax expense :
Current tax (13,278,595) (12,463,961) (3,556,462) (3,132,941)
Deferred tax 2,823,221 2,999,293 447,681 684,114
Profit after Tax 30,484,004 26,974,051 7,329,414 8,939,249
Earning per share ( per value Tk.100 ) 42 37 10 12

CASH FLOW STATEMENT (UN-AUDITED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2010
Figures in Taka
Particulars Jan-Sept. 2010 Jan-Sept. 2009
A)Cash flows from operating activities:
Collection from Turnover 375,000,000 423,500,002
Collection from other income 14,596,002 12,669,190
Sub-Total 389,596,002 436,169,192
Payment to suppliers 251,010,299 263,804,491
Payment to employees 56,904,542 55,205,925
Income tax payments 16,499,252 14,447,969
VAT & Supplementary duty payments 63,467,908 57,335,730
Other payments for expenses & services 69,279,025 43,095,068
Sub-Total 457,161,026 433,889,183
Net cash flows from operating activities (67,565,024) 2,280,009
B)Cash flows from investing activities:
Payment for acquisition of property, plant & equipment (3,899,069) (921,420)
Sub-Total (3,899,069) (921,420)
C)Cash flows from financing activities:
Dividend payments (27,996,368) (31,795,328)
Repayment of long term loan (9,374,996) -
Sub-Total (37,371,364) (31,795,328)
Net cash inflows /(outflows)for the period (108,835,457) (30,436,739)
Opening cash and bank balances (2,397,735) (110,198,289)
Closing cash and bank balances (111,233,192) (140,635,028)
Net operating cash flow per share ( NOCFPS ) -94 3
 STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2010

Description Share Capital General Unappropriated Total

Capital Reserve Reserve Profit
Balance as at 1 January 2010 72,081,600 2,305,167 194,526,232 36,910,641 305,823,640
Dividend paid - - - (25,228,560) (25,228,560)
Net profit after tax for the period ended 30 Sept.2010 - - - 30,484,004 30,484,004
Balance as at 30th September 2010 72,081,600 2,305,167 194,526,232 42,166,085 311,079,084
Balance as at 1 January 2009 72,081,600 2,305,167 164,526,232 33,630,311 272,543,310
Dividend paid - - - (25,228,560) (25,228,560)
Net profit after tax for the period ended 30 Sept.2009 - - - 26,974,051 26,974,051
Balance as at 30th September 2009 72,081,600 2,305,167 164,526,232 35,375,802 274,288,801

Company Secretary Chief Operating Officer & CFO Director