Berger Paints Bangladesh L

Income Statement

Revenue-net
Cost of sales
Gross profit
Selling, distribution and warehousing expenses
Administrative and general expenses
Other operating expenses
Other operating income

Operating income
Contribution @ 5% of gross operating profit to workers
profits participation &welfare funds
Finance costs
Investment income
Net finance income
Other non-operating income
Share of profit/(loss) of associate-BBBL
Income before tax
Current tax expenses
Deferred tax expenses
Net income

Purchase (Note-24)

Berger Paints Bangladesh L

Balance Sheet

Assets
Non-current assets
Property, plant and equipment
Capital work-in-progress
Intangible assets
Term deposit
Investment - at cost
Total non-current assets
Current assets
Inventories
Trade and other receivables
Advances, deposits and prepayments
Term deposit
Cash and cash equivalents
Inter - company receivables
Deferred tax assets
Total current assets
Total assets
Equity and Liabilities
Share capital
Share premium
General reserve
Retained earnings
Equity attributable to the Company's equity holders
Non-current liabilities
Deferred tax liabilities
Total non-current liabilities
Current liabilities
Operational overdraft (OD)
Inter- company Payables
Trade and other payables
Provision for royalty
Provision for current tax
Provision for employees' retirement gratuity
Unclaimed dividend - local
Liability for unclaimed IPO application money
Total current liabilities
Total liabilities
Total equity and liabilities

Contingent liabilities and assets

Paints Bangladesh Limited

ncome Statement

Paints Bangladesh Limited

Balance Sheet

2010
5483619
-3395655
2,087,964

2011
2012
2013
2014
6321274 7,611,213 8,796,778 10,881,046
-4167039 -5,030,313 -5,481,844 -6,585,744
2,154,235 2,580,900 3,314,934 4,295,302

-1036239
-196105
-57014
146094
-1,143,264

-1048140 -1,289,223 -1,840,747 -2,535,540

-213134
-289,188
-321,653
-404,409
-50197
-62,069
-68,598
-80,582
126594
122,884
123,279
168,444
-1,184,877 -1,517,596 -2,107,719 -2,852,087

944,700

969,358 1,063,304 1,207,215 1,443,215

-46910
-6501

-46285
-43661

-53,411

-89,946

4,266
10000

5,387
10000

905,555

-18,576
14,869
-3,707

-10,805
31,495
20,690

-4,573
48,343
43,770

1,063
606
1,789
-1,234
-342
894,799 1,059,426 1,228,511 1,488,774

-187500
-13419
-200,919
704,636

-170000
-3636
-173,636
721,163

-289,000
608
-288,392
771,034

72568

99319

138165

-340,000
-380,000
-27,572
-11,165
-367,572
-391,165
860,939 1,097,609

102948

154,148

2010

936505
10980
45693
993178
50463
100
50,563
1,043,741
1026059
353693
159522

2011

2012

2013

2014

1013948 1,097,928 1,299,238 1,578,664

14086
157,054
100,405
171,604
34311
26,711
16,749
23,076
1062345 1,281,693 1,416,392 1,773,344
58397
87,381
39300
37,966
39,300
39,300
97,697
125,347
39,300
39,300
1,160,042 1,407,040 1,455,692 1,812,644

2,011,724
3,055,465

1,308,485 1,660,913
659,103
832,711
178,726
217,539
250,000
400,000
265362
356,039
293,875
26627
67,330
125,451
6,988
3,741
2,264,647 2,316,362 2,826,671 3,534,230
3,424,689 3,723,402 4,282,363 5,346,874

231,890
115,068
10,000
1,327,506
1,684,464

231,890
231,890
231,889
231,889
115,068
115,068
115,068
115,068
10,000
10,000
10,000
10,000
1,631,268 2,091,876 2,410,195 2,997,648
1,988,226 2,448,834 2,767,152 3,354,605

472450

1346988
472468
153202

1,279,490
514,745
153,475
69,154
299,498

99,185
99,185

102,821
102,821

111,747
111,747

132,934
132,934

140,851
140,851

104283
31631
876554
141117
108639
4461
4978
153
1,271,816
1,371,001
3,055,465

317423

33,171

67,691

102,434

758445
866,439 1,001,498 1,426,465
188614
168,773
124,774
142,515
56684
85,029
152,838
157,170
6127
9,409
28,237
15,114
6196
7,092
7,573
153
147
147
1,333,642 1,162,821 1,382,277 1,851,418
1,436,463 1,274,568 1,515,211 1,992,269
3,424,689 3,723,402 4,282,363 5,346,874

234,734

484,099

941,179

661,551

996,833

2010

2011

2012

Liquidity Ratio
Current Ratio
Quick Ratio
Activity Ratio
Inventory Turnover
Average Collection Period
Average Payment Period
Total Assets Turnover
Debt Ratio (%)
Profitability Ratio (%)
Gross Profit Margin
Operating Profit Margin
Net Profit Margin
EPS-Basic
ROA
ROE

1.5817728 1.698092 1.992019

0.775006 0.688085 0.891687

3.309415 3.093598 3.931498

23.542472 27.28102 24.68489
1.7946921 1.845795 2.044156
44.870453 41.94433 34.23128

38.076387
17.227674
12.849835
30.386727
23.061498
41.831467

34.07913
15.33485
11.40851
31.09944
21.05777
36.27168

33.90918
13.97023
10.13024
33.25008
20.70778
31.48576

2013

2014

2.044938 1.908931
1.098323 1.011828

4.189459 3.965135
27.34781 27.93293
2.054188 2.035029
35.38259 37.26044

37.6835
13.72338
9.786981
37.12714
20.1043
31.11282

39.47508
13.26357
10.08735
47.3333
20.52805
32.71947

Revenue-net
Net income
Total assets
Equity attributable to the Company's equity holders

Year
2010
2011
2012
2013
2014

Sentivity to Profit Margin

2010
2011
2012
2013
2014

Average

Dispersion (%)

Sensitivity to Assets Turnover

2010
2011
2012
2013
2014

2010
5483619
704636
3055465
1,684,464

2011
6321274
721163
3424689
1,988,226

2012
7,611,213
771034
3723402
2,448,834

Net Profit/Sales (%)

0.1284983512
0.1140850721
0.1013023811
0.097869811
0.1008734822

Sales/Total Assets (%)

1.7946921336
1.8457950488
2.0441555867
2.0541878398
2.0350294396

ROA (%)
23.0614980044
21.0577661212
20.7077828287
20.1042975572
20.5280505955

Net Profit/Sales (%)

0.1284983512
0.1140850721
0.1013023811
0.097869811
0.1008734822

Sales/Total Assets (%)

1.7946921336
1.7946921336
1.7946921336
1.7946921336
1.7946921336

ROA (%)
23.0614980044
20.4747581444
18.1806586485
17.5646179864
18.1036844994

Sales/Total Assets (%)

1.7946921336
1.8457950488
2.0441555867
2.0541878398
2.0350294396

ROA (%)

-5.6851552519

6.9034398797

Net Profit/Sales (%)

0.1284983512
0.1284983512
0.1284983512
0.1284983512
0.1284983512

2013
8,796,778
860939
4282363
2,767,152

2014
10,881,046
1097609
5346874
3,354,605

Assets/Equity (%)
1.8139093504
1.7224847678
1.5204795425
1.5475705708
1.5938907859

ROE (%)
41.83146686
36.27168139
31.48576016
31.11281925
32.7194707

Assets/Equity (%)
1.8139093504
1.8139093504
1.8139093504
1.8139093504
1.8139093504

ROE (%)% Change

41.83146686
37.13935525 -11.2167
32.97806672 -11.20453
31.8606248 -3.38844
32.83844259 3.069048

Assets/Equity (%)

ROE (%)% Change