Unilever Consumer Care Limited
Statement of Financial Position
31 December 31 December
In thousands of BDT Note 2023 2022
Assets
Property, plant and equipment 5 111,229 62,222
Right-of-use assets 6 239,280 309,487
Deferred tax assets 15 12,703 15,861
Advances, deposits and prepayments 7 1,762 2,242
Non-current assets 364,974 389,812
Inventories 8 567,678 539,484
Trade and other receivables 9 77,824 79,619
Advances, deposits and prepayments 7 114,202 84,194
Cash and cash equivalents 10 2,433,478 2,296,256
Short term investments 11 1,400,000 1,250,000
Current assets 4,593,182 4,249,553
Total assets 4,958,156 4,639,365
Equity
Share capital 12 192,744 120,465
Reserves 13 5,166 5,166
Retained earnings 14 2,157,593 1,555,989
Total equity 2,355,503 1,681,620
Liabilities
Lease liabilities 20 165,525 237,620
Non-current liabilities 165,525 237,620
Trade payables 17 507,687 436,909
Other payables and provisions 18 1,791,351 2,085,958
Defined benefit liabilities 16 - 13,080
Advance from customers 19 15,041 24,654
Lease liabilities 20 71,146 66,367
Current tax liabilities 21 50,357 91,039
Unclaimed dividend payable 30 1,546 2,118
Current liabilities 2,437,128 2,720,125
Total liabilities 2,602,653 2,957,745
Total equity and liabilities 4,958,156 4,639,365
Net Asset Value (NAV) per share (BDT) 31.2 122.21 87.25
The notes on pages 162 to 198 are an integral part of these financial statements.
Md. Naharul Islam Molla Zinnia Tanzina Huq Khan Salahuddin Mohammad Minhaj
Company Secretary Director Managing Director
As per our report of same date.
Auditor
Ali Ashfaq, Partner, Enrolment number: 509
Rahman Rahman Huq, Chartered Accountants
Dhaka, 9 March 2024 KPMG in Bangladesh
Firm Enlistment Number: CAF-001-080
DVC: 2403100509AS637821
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Unilever Consumer Care Limited
Statement of Profit or Loss and Other Comprehensive Income
For the year ended 31 December
In thousands of BDT Note 2023 2022
Revenue 22 3,954,241 4,098,606
Cost of sales 23 (2,261,670) (2,150,164)
Gross profit 1,692,571 1,948,442
Operating expenses 24 (624,892) (972,344)
Operating profit 1,067,679 976,098
Net finance income 25 168,306 50,633
Other income 26 14,029 2,563
Profit before contribution to WPPF 1,250,014 1,029,294
Contribution to WPPF (62,501) (51,465)
Profit before tax 1,187,513 977,829
Income tax expense 27 (225,945) (247,343)
Profit after tax 961,568 730,486
Other comprehensive income (loss), net of tax 28 1,430 5,720
Total comprehensive income for the year 962,998 736,206
Earnings per share (BDT) 31.1 49.89 37.90
The notes on pages 162 to 198 are an integral part of these financial statements.
Md. Naharul Islam Molla Zinnia Tanzina Huq Khan Salahuddin Mohammad Minhaj
Company Secretary Director Managing Director
As per our report of same date.
Auditor
Ali Ashfaq, Partner, Enrolment number: 509
Rahman Rahman Huq, Chartered Accountants
Dhaka, 9 March 2024 KPMG in Bangladesh
Firm Enlistment Number: CAF-001-080
DVC: 2403100509AS637821
159
Unilever Consumer Care Limited
Statement of Changes In Equity
For the year ended 31 December
Share Revaluation General Capital Retained Total
In thousands of BDT capital reserve reserve reserve earnings equity
Balance at 1 January 2022 120,465 4,831 5,000 166 1,349,827 1,480,289
Total comprehensive income
Profit for the year - - - - 730,486 730,486
Other comprehensive income - - - - 5,720 5,720
Total comprehensive income - - - - 736,206 736,206
Transaction with owners of the Company
Dividend (Final dividend for 2021) - - - - (530,044) (530,044)
Adjustment of land revaluation reserve (4,831) - - - (4,831)
Balance at 31 December 2022 120,465 - 5,000 166 1,555,989 1,681,620
Balance at 1 January 2023 120,465 - 5,000 166 1,555,989 1,681,620
Total comprehensive income
Profit for the year - - - - 961,568 961,568
Other comprehensive income - - - - 1,430 1,430
Total comprehensive income - - - - 962,998 962,998
Transaction with owners of the Company
Stock dividend (Final dividend for 2022) 72,279 - - - (72,279) -
Cash dividend (Final dividend for 2022) - - - - (289,115) (289,115)
Balance at 31 December 2023 192,744 - 5,000 166 2,157,593 2,355,503
The notes on pages 162 to 198 are an integral part of these financial statements.
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Unilever Consumer Care Limited
Statement of Cash Flows
For the year ended 31 December
In thousands of BDT Note 2023 2022
Cash flows from operating activities
Cash receipts from customers 3,940,724 4,092,740
Cash paid to suppliers and employees (3,129,879) (3,505,278)
Interest paid on lease liabilities 20.2 (20,628) (21,613)
Income tax paid 21.1 (262,039) (203,195)
Interest paid on short term financing 25 (14,355) -
Contributions paid into the defined benefit plan 16.1 (23,640) -
Net cash generated from operating activities 490,183 362,654
Cash flows from investing activities
Acquisition of short term investments (150,000) (1,250,000)
Interest received 195,110 48,543
Acquisition of property, plant and equipment 5.2 (52,346) (4,413)
Proceeds from sale of property, plant and equipment 9,146 1,115
Net cash (used in)/generated from investing activities 1,910 (1,204,755)
Cash flows from financing activities
Dividend paid 30.2 (289,687) (530,127)
Payment of lease liabilities 20.2 (65,184) (91,784)
Net cash used in financing activities (354,871) (621,911)
Net (decrease)/increase in cash and cash equivalents 137,222 (1,464,012)
Cash and cash equivalents at 1 January 2,296,256 3,760,268
Cash and cash equivalents at 31 December 2,433,478 2,296,256
Closing cash and cash equivalents have been arrived at as follows:
Term deposits 10.1 1,558,003 1,965,000
Current account with scheduled commercial banks 10.2 875,476 331,256
2,433,478 2,296,256
Net operating cash flow per share (BDT) 31.3 25.43 18.82
The notes on pages 162 to 198 are an integral part of these financial statements.
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