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Leasing |
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Lease financing for manufacturing and service equipment to all the major industrial sectors.
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Deposit Scheme |
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We accept deposits from a diverse clientele of local and foreign corporate bodies, insurance companies, banks and individuals.
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Personal Finance |
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IDLC provides Home Loan, Home Loan Shield, Car Loan and Personal Loan to meet your personal financing needs.
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Merchant Banking |
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Specialized services for Issue Management, Underwriting, Private Placement, Bridging Finance, Trusteeship Management, etc.
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Structured Finance |
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We offer Syndication, Advisory Services, Corporate Counseling, Project Counseling, Merger & Acquisition Service and Securitization
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Factoring |
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We provide Factoring of Accounts Receivable and Work Order Finance services to maximize your business growth.
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Cap Invest |
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Cap Invest is a non discretionary investment account. Our clients will have absolute discretionary power to make investment decisions.
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SME Division |
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SME Division is formed in IDLC to cater to the financial needs of the SME sector.
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IDLC SECURITIES LIMITED (IDLCSL) |
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IDLC SECURITIES LIMITED, is devoted to the capital market of the country and offers full-fledged international standard brokerage service for retail and institutional clients.
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LOCAL ENTERPRISE INVESTMENT CENTRE (LEIC) |
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Local Enterprise Investment Centre (LEIC), Managed by IDLC with the contribution of the Canadian International Development Agency (CIDA). The LEIC will help Bangladeshi SMEs get improved access to capital, innovation, new technologies and business practices by establishing partnerships with foreign and large local companies.
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Consolidated Profit and Loss Account
For the half year ended June 30, 2008 |
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June 30, 2008
(in Taka) |
June 30, 2007
(in Taka) |
| OPERATIONAL REVENUE |
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1,022,574,133 |
812,293,031 |
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| Income from Lease finance |
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330,814,164 |
346,271,740 |
| Income from real estate finance |
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259,385,453 |
197,844,726 |
| Income from term finance |
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180,770,704 |
128,122,549 |
| Income from short term finance |
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24,313,188 |
16,289,779 |
| Income from car loans |
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28,481,607 |
19,133,533 |
| Income from investment in securities |
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95,550,598 |
67,410,392 |
| Income from structured finance |
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13,456,461 |
9,646,379 |
| Income from personal loan |
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583,242 |
- |
| Income from IT operations |
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3,582,000 |
3,720,000 |
| Income from securities brokerage operation |
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83,401,976 |
21,813,928 |
| Fees for management of LEIC |
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2,234,740 |
2,040,005 |
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| LESS: OPERATIONAL EXPENSES |
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807,261,393 |
654,246,384 |
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| Financial expenses |
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571,598,309 |
475,679,400 |
| General and administrative expenses |
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110,041,306 |
81,280,177 |
| Depreciation on property, plant and equipment |
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17,178,390 |
12,982,599 |
| Amortisation of intangible assets |
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1,096,746 |
891,334 |
| Allowance for doubtful accounts and future losses |
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105,924,232 |
82,357,148 |
| Other Operational expenses |
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1,422,410 |
1,055,726 |
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Profit on merchant banking operation
- as per separate profit and loss account enclosed |
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56,194,036 |
19,198,893 |
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| Operating Profit |
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271,506,776 |
177,245,540 |
| Non-operational income |
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3,886,717 |
5,212,850 |
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| Profit before taxation |
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275,393,493 |
182,458,390 |
| Less: Tax expenses |
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99,611,473 |
78,722,543 |
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| Profit after taxation |
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175,782,020 |
103,735,847 |
| Minority interest |
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31 |
123 |
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| Net profit for the period |
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175,781,989 |
103,735,724 |
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| Earnings per share(EPS) |
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70.31 |
41.49 |
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Consolidated Balance Sheet
For the half year ended June 30, 2008 |
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June 30, 2008
(in Taka) |
June 30, 2007
(in Taka) |
| SOURCES OF FUNDS |
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| Shareholders' Fund |
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| Share capital |
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250,000,000 |
200,000,000 |
| Share premium |
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3,750,000 |
3,750,000 |
| Reserves and surplus |
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1,126,971,468 |
1,043,689,454 |
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| General reserves |
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847,500,000 |
847,500,000 |
| Dividend equalization reserves |
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46,500,000 |
46,500,000 |
| Proposed dividend: |
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| Stock dividend |
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50,000,000 |
| Cash dividend |
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42,499,975 |
| Retained earnings |
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57,189,479 |
57,189,479 |
| Current period's profit |
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175,781,989 |
- |
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| Shareholders' equity |
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1,380,721,468 |
1,247,439,454 |
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| Minority interest |
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557 |
550 |
| Long Term loans - net of current maturity |
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2,251,486,399 |
1,585,071,264 |
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| Secured Long term loans |
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1,345,962,561 |
737,261,320 |
| Unsecured Long term loans |
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905,523,838 |
847,809,944 |
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| Long Term liability - net of current maturity |
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4,767,927,331 |
5,171,502,569 |
| Refundable deposits |
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358,632,417 |
309,874,627 |
| Term deposits |
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4,404,145,501 |
4,855,272,911 |
| Liabilities under finance lease |
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5,149,413 |
6,355,031 |
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| Deferred liability-employee gratuity |
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30,685,487 |
27,522,973 |
| Deferred tax liability/(asset) |
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(22,102,228) |
(17,867,152) |
| Portfolio investors' fund |
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100,015,790 |
39,230,069 |
| Fund from CIDA for LEIC Project |
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33,777,307 |
54,971,540 |
| Interest suspense account |
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40,681,260 |
44,635,963 |
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8,583,193,371 |
8,152,507,230 |
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| APPLICATION OF FUNDS |
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| Property, plant and equipment(at cost less depreciation) |
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175,842,674 |
176,531,034 |
| Intangible assets (at cost less amortisation) |
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3,706,935 |
2,543,680 |
| Investment in non marketable shares |
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168,076,500 |
143,076,500 |
| Membership of stock exchanges |
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18,676,000 |
18,676,000 |
| Lease receivables |
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2,755,279,617 |
2,743,920,183 |
Gross lease rentals receivable-net of current
maturity |
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3,306,744,102 |
3,378,961,115 |
Unearned lease income - net of current
maturity |
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(567,499,611) |
(657,187,697) |
| Advance for leases |
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16,035,126 |
22,146,765 |
| Direct finance - net of current maturity |
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4,896,792,627 |
4,279,971,531 |
| Long term finance |
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1,478,222,518 |
1,356,014,263 |
| Real estate finance |
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3,170,163,054 |
2,674,309,427 |
| Car loans |
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248,407,055 |
249,647,841 |
| Provision for doubtful accounts and future losses |
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(727,243,576) |
(613,457,344) |
| Current Assets |
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8,125,054,824 |
7,673,003,574 |
| Accounts receivable |
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400,648,100 |
689,910,165 |
| Advances, deposits and prepayments |
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367,770,620 |
272,095,307 |
| Investment in marketable securities |
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357,456,016 |
242,966,768 |
| Margin loan to portfolio investors |
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2,173,555,619 |
1,387,355,680 |
| Short term finance |
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311,419,392 |
213,114,268 |
Current maturity of gross lease
receivables |
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2,486,958,866 |
2,384,106,173 |
Current maturity of unearned lease
income |
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(534,478,571) |
(556,703,525) |
| Current maturity of direct finance |
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1,439,802,145 |
1,356,297,410 |
| Cash and cash equivalents |
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1,121,922,637 |
1,683,861,328 |
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| Less: Current liabilities and provisions |
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6,832,992,230 |
6,271,257,928 |
Current maturity of long term loans, deposits &
advances |
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4,158,081,747 |
4,224,858,577 |
| Short term loans |
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503,642,713 |
292,846,083 |
| Payable and accrued expenses |
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1,307,692,590 |
1,017,735,377 |
| Provision for Current taxation |
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837,761,592 |
734,902,820 |
| Unpaid dividend |
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25,813,588 |
1,415,071 |
| Net surplus /(deficit) in current assets |
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1,292,062,594 |
1,401,245,646 |
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8,583,193,371 |
8,152,507,230 |
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