AFTAB AUTOMOBILES LIMITED
HALF-YEARLY REPORT
2012-2013
Dear Shareholders,
We are pleased to forward herewith this half yearly un-audited financial statements which consist of consolidated
statement of financial position as at 28 February 2013, consolidated statement of comprehensive income, consolidated
statement of changes in equity and consolidated statement of cash flows for the half year ended on that date.
Sd/Managing Director
Dated, Dhaka.
March 28, 2013
Aftab Automobiles Limited and its Subsidiaries
Un-Audited consolidated Statement of Comprehensive Income
For the half year ended February 28,2013
(Amount in "000" Tk. )
Half year ended
Half year ended
28/02/13
29/02/12
3-Months
ended
28/02/13
3-Months ended
1/12/11 to
29/02/12
Particulars
BD Taka
BD Taka
BD Taka
BD Taka
Revenues
1,838,702
1,691,754
Less: Cost of sales
1,445,385
1,303,210
947,150
753,002
Gross profit
393,317
388,544
1,005,623
815,149
190,474
Less: Operating expenses
188,947
159,322
74,617
42,124
76,091
70,732
35,920
58,904
64,498
89,580
24,852
30,167
34,561
204,370
229,222
100,894
119,531
49,615
42,415
27,302
22,126
253,985
271,637
141,657
67,146
63,181
128,196
41,647
186,840
208,456
86,550
104,825
880
(3,368)
78
(1,268)
187,720
205,088
86,628
1,243,825
187,701
205,080
86,617
1,243,821
Administrative expenses
Selling and distribution expenses
Financial charges
Operating profit
Add:Other income
Profit before tax
Less: Income tax expense
Net income for the Period
* Other comprehensive income for the Period
Total comprehensive income for the Period
194,148
19,361
21,401
33,855
36,832
Attributable to:
Equity holders
Non-controlling interests
Total comprehensive income for the period
Earnings per share
19
11
187,720
205,088
86,628
1,243,825
2.19
2.44
1.01
1.23
* Investment in shares were classified as held for maturity at the time of purchased of these shares because the market price
thereof was not available then. The investee company is presently listed in the market and reclassification from held for maturity
to held for trading is required as per BAS 28. We have reclassified this investment in these financial statements. Hence Other
comprehensive income for the period has arisen for considering the market price of the shares of the investee company and
comparative figures are restated accordingly.
Sd/Managing Director
Sd/Company Secretary
Aftab Automobiles Limited and its Subsidiaries
Un-Audited consolidated Statement of Financial Position
As at February 28, 2013
Amount in '000' Tk
28/02/13
31/08/12
BD Taka
BD Taka
Assets :
Non-current assets
Property, plant and equipment
Capital work in progress
Investments in share at market value
(comparative figure is restated)
Investments in association
Total non-current assets
958,264
241,265
6,684
974,465
241,265
5,805
229,359
1,435,572
229,359
1,450,894
Current assets
Stock and stores
Trade debtors
Income tax deducted at source
Advances, deposits and prepayments
Cash and bank balances
Total current assets :
1,202,563
1,126,483
339,159
1,192,639
890,676
4,751,520
1,125,949
1,463,199
282,573
1,269,903
867,445
5,009,069
Total Assets
6,187,092
6,459,963
Equity and Liabilities :
Capital & reserve
Share capital
Share premium
Reserve
Retained earnings
Equity attributable to equity holders
Non-controlling interest
Total equity
854,754
1,925,859
67,338
1,845,271
4,693,222
485
4,693,707
683,803
1,925,859
67,338
1,828,521
4,505,521
466
4,505,987
25,310
68,824
94,134
25,310
66,713
92,023
Current liabilities :
Short term loan
Accrued and other current liabilities
Total current liabilities :
689,506
709,745
1,399,251
996,661
865,292
1,861,953
Total liabilities
1,493,385
1,953,976
Total Equity and Liabilities
6,187,092
6,459,963
54.91
65.89
Non-current liabilities
Loan and deferred liabilities (unsecured)
Deferred Tax Liabilities
Total non-current liabilities
Net assets value per share (NAVPS )
Sd/Managing Director
Sd/Company Secretary
Aftab Automobiles Limited and its Subsidiaries
Un-audited consolidated Statement of Cash Flows
For the half year ended February 28, 2013
(Amount in "000" Tk. )
Particulars
Half year ended
Half year ended
28/02/13
29/02/12
BD Taka
BD Taka
A. Cash flows from operating activities
Receipts from customers
Receipts as other income
Payments to suppliers and employees
2,175,418
49,615
(1,686,759)
1,850,541
42,415
(1,492,570)
Cash generated from operations
538,274
400,386
Financial charges paid
Income tax paid
(70,732)
(56,586)
(64,498)
(55,228)
Net cash generated by operating activities
410,956
280,660
Acquisition of property, plant & equipment
Capital work in progress
(13,449)
(17,909)
(10,543)
Net cash used investing activities
(13,449)
(28,452)
Repayment of bank loan
Repayment of other Finance
Dividend paid
(307,155)
(67,121)
-
(63,135)
(84,163)
(113,967)
Net cash used in financing activities
(374,276)
(261,265)
B. Cash flows from investing activities
C. Cash flows from financing activities
D. Net changes in cash & cash equivalents for the period (A+B+C)
23,231
(9,057)
E. Cash & cash equivalents at beginning of the period
867,445
794,796
F. Cash & cash equivalents at end of the period (D+E)
890,676
785,739
4.81
Net operating cash flows per share (NOCFPS)
Sd/Managing Director
Sd/Company Secretary
Aftab Automobiles Limited and its Subsidiaries
Un-audited consolidated Statement of Changes in Equity
For the half year ended February 28,2013
Purticulars
(Amount in "000" Tk. )
Share
capital
BD Taka
Balance as on 1st September , 2011
569,836
Share
premium
Reserves
Issue of bonus share
Cash dividend
Comprehensive income for the period
Attributable
to equity
holders of the
company
Noncontrolling
interest
Total
BD Taka
BD Taka
BD Taka
BD Taka
BD Taka
BD Taka
1,925,859
67,338
1,520,386
4,083,419
424
4,083,843
4,083,419
424
4,083,843
8,122
Adj. for revaluation of Investment in share
Restated Balance as on 1st September , 2011
Retained
earnings
569,836
113,967
1,925,859
67,338
1,528,508
(113,967)
(113,967)
(113,967)
205,088
208,448
208,456
(113,967)
Balance at February 29, 2012
683,803
1,925,859
67,338
1,505,662
4,177,900
432
4,178,332
Balance as on 1st September , 2012
683,803
1,925,859
67,338
1,828,521
4,505,521
466
4,505,987
Issue of bonus share
170,951
Comprehensive income for the period
Balance at February 28, 2013
Sd/Managing Director
854,754
(170,951)
187,701
187,701
19
187,720
1,845,271
4,693,222
485
4,693,707
1,925,859
67,338
Sd/Company Secretary
