ICB Yearly - Acc - 2013 - 14

Investment Corpora
sidiaries
Consolidated Statement of Financial P

as at 30 June 2014
(Balance Sheet)
Amount in Taka
2014
2013
Property and Assets

9,902,280,781
11,040,026,814
60,031,695,502
43,949,701,562
358,174,599
358,174,599
53,963,608,903
38,131,526,963
5,709,912,000
5,460,000,000
17,974,035,240
17,455,135,893
12,954,098,612
12,283,633,383
187,822,607
180,341,892
Consumer Credit Scheme
4,765,729
7,508,372
Bridging Loan
4,981,582
4,981,582
Cash and Bank Balances

Investments:
Capital Investment in Other Ins
t market value
Market
Investment in Bangladesh Fund

Loans and Advances:
Margin Loan Secured
Unit & Mutual Fund Advance Account Secured
Debenture Loan
21,225,208
21,225,208
Lease Receivables
1,026,182,917
1,065,648,188
Advance against Equity
1,150,000,000
1,665,009,286
Purchase of Debenture
885,242,599
627,927,789
1,739,715,986
1,598,860,193
622,627,025
150,087,007
Other Loans and Advances

Premises and Equipment (at cost less deprecia
Other Assets
6,812,687,070
5,333,656,859
Total Assets
95,343,325,618
77,928,608,135
10,382,588,028
9,824,500,000
Government Loan
1,432,588,028
24,500,000
Borrowings From Different Banks
8,950,000,000
9,800,000,000
43,526,327,499
34,881,134,873
al
Borrowings:
Deposits
Deferred Interest
ovisions
Carried forward
2,101,436
2,451,677
10,603,181,347
7,581,626,289
64,514,198,310
52,289,712,839
Investment Corpora
sidiaries
Consolidated Statement of Financial P

as at 30 June 2014
(Balance Sheet) (Contd.)

Amount in Taka
2014
Brought forward
64,514,198,310
52,289,712,839
42,457
39,266
30,829,084,850
25,638,856,030
4,218,750,000
4,218,750,000
20,350,869,647
14,640,897,416
6,259,465,203
6,779,208,614
95,343,325,618
77,928,608,135
500,000,000
500,000,000
500,000,000
500,000,000
Non-controlling interest
Capital / Shareholders Equity
Paid-up Capital
Reserves
Retained Earnings
Tot
eholders Equity
2013
Contra Entries
O-Balance Sheet Items:
Con
en
Guarantee to DSE & CSE on behalf of ISTCL
Total O-Balance Sheet Items

The attached notes form an integral part of these Financial Statements.
For and on behalf of Investment Corpora
Mojib Uddin Ahmed Ph.D

Chairman
Kazi Shoqul Azam

Director
Syed Abdul Hamid

Director
Md. Fayekuzzaman
Managing Director
As per our annexed report of same date
S. F. Ahmed & Co.

Chartered Accountants
Dhaka, November 23, 2014
OCTOKHAN
Investment Corpora
sidiaries
Consolidated Statement of Comprehensive Income (Prot and Loss Account)

For the year ended 30 June 2014
Amount in Taka
2014
2013
(Restated)
ome
Opera
Interest Income
2,605,265,077
3,133,156,591
Less: Interest paid on Deposits, Borrowings, etc.
4,731,798,106
4,413,611,782
(2,126,533,029)
(1,280,455,191)
Dividend
Net Interest Income
1,902,043,398
811,797,207
Capital Gain
4,720,967,563
3,746,770,677
Fees, Commissions & Service Charges
1,308,752,290
1,626,601,035
Other Opera
ome
Total Opera
ome (a)
17,242,434
17,161,390
5,822,472,655
4,921,875,119
482,941,239
410,465,269
59,108,919
58,419,789
Legal Expenses
2,262,662
2,173,449
Postage, Stamps, Telegram & Telephone
5,503,009
4,719,635
Opera
Salary and Allowances
Rent, Taxes, Insurance, Electricity, etc.
Auditors Fees
Sta
y, Prin
, Adv
t, etc.
Directors Fees & Allowances

Repair, Maintenance & Deprecia
Brokerage
Other Opera
Total Opera
Opera
ot (a-b)
Add: Non-opera
ome
Prot before Provision (c)
354,300
230,000
19,792,019
17,463,286
3,000,250
2,794,250
62,653,456
48,621,317
42,067,625
24,138,868
136,527,110
172,045,335
814,210,588
741,071,198
5,008,262,067
4,180,803,921
43,618,574
80,797,669
5,051,880,641
4,261,601,590
Provision against Loans, Advances and others
649,038,032
329,816,180
Total Provision (d)
649,038,032
329,816,180
4,402,842,609
3,931,785,410
Prot before Tax (c-d)

Provision for Taxa
Current Tax
Deferred Tax
Net prot a er Taxa
Less: Non-controlling Interest
Net Prot Available for Appropria
790,784,464
657,430,667
6,287,584
(14,232,713)
797,072,048
643,197,954
3,605,770,561
3,288,587,456
6,444
8,423
3,605,764,117
3,288,579,033
Investment Corpora
sidiaries
Consolidated Statement of Comprehensive Income (Prot and Loss Account) (Contd.)

Amount in Taka
2014
2013
(Restated)
3,605,764,117
3,288,579,033
85.47
77.95
Earnings Per Share (EPS)


Chairman
Kazi Shoqul Azam

Director
Syed Abdul Hamid

Director
Md. Fayekuzzaman
Managing Director

S. F. Ahmed & Co.
OCTOKHAN
S. F. Ahmed & Co.

Chairman
2,538,573,129
749,998,446
3,288,571,575
General
Reserve
1,500,785,365
549,998,384
2,050,783,749
Dividend
Equalization
Reserve
Special
Purpose
Reserve
1,928,660,198
- 349,997,900
3,389,569,958
5,318,230,156 349,997,900
Revaluation
Reserve
544,999,041
2,853,389,026
843,750,000
4,218,750,000
781,999,693
2,538,573,129
1,756,573,436
-
General
Reserve
4,485,596,431
-
Revaluation
Reserve
Director
Syed Abdul Hamid

Director
Kazi Shoqul Azam
Debenture
loan
redemption
Reserve
170,820,137
-
523,499,733
- (2,556,936,233) (170,820,137)
1,500,785,365 1,928,660,198
-
977,285,632
-
Dividend
Equalization
Reserve
For and on behalf of Investment Corporation of Bangladesh
2,308,389,985
-
Reserve for
Building
Consolidated Statement of Changes in Equity
2,853,389,026
549,996,371
3,403,385,397
Reserve for
Building
3,375,000,000
-
Paid up
share
Capital
4,218,750,000
4,218,750,000
Paid up
share
Capital
The attached notes form an integral part of these Financial Statements
Balance at 01 July 2012 (Restated)

Net Prot after tax for the year
Reserve For Stock Dividend Transfer to Paid up
Capital for FY 2011-12
Cash Dividend Paid by ICB - FY 2011-12
Interim Cash Dividend Paid by Subsidiaries FY 2012-13
Amount Transferred to Different Reserve for FY 2011-12
Adjustment made during the year
Amount Transferred to Benevolent Fund for FY 2011-12
Balance as at 30 June 2013
Particulars
Capital
Balance at 01 July 2013
Net Prot after tax for the year
Cash Dividend Paid by ICB - FY 2012-13
Interim Cash Dividend Paid by Subsidiaries FY 2013-14
Particulars
Consolidated Statement of Changes in Equity
Investment Corporation of Bangladesh and its Subsidiaries
614,998,530
(20,044,268)
5,819,489,698
Reserve for
Future
Diminution
of Securities
5,224,535,436
-
5,819,489,698
199,997,000
(79,585,828)
5,939,900,870
Reserve for
Future
Diminution
of Securities
39,266
6,444
(554)
(2,699)
42,457
Amount in Taka
Total
(843,750,000)
(2,139)
3,003
(2,742,446,638)
(50,500,000)
25,638,895,296
25,987,003,614
3,288,587,456
Amount in Taka
Total
25,638,895,296
3,605,770,561
(1,687,500,000)
(228)
(554)
3,306,891,326
(34,929,094)
30,829,127,306
OCTOKHAN
Managing Director
3,003
(7,179)
39,266
35,019
8,423
Md. Fayekuzzaman
(843,750,000)
(843,750,000)
(2,139)
(2,465,496,997)
5,361,179
(50,500,000)
6,779,208,614
7,688,767,538
3,288,579,033
Retained
Non
Earnings Controlling
Interest
6,779,208,614
3,605,764,117
(1,687,500,000)
(228)
(2,399,988,101)
(3,090,105)
(34,929,094)
6,259,465,203
Retained
Non
Earnings Controlling
Interest
Investment Corporation of Bangladesh and its Subsidiaries
Consolidated Cash Flow Statement

Amount in Taka
2014
2013
(Restated)
Cash ow from operating activities:
Interest Received
Interest Paid
2,819,906,984
3,118,123,552
(5,067,880,456)
(4,047,656,590)
Received from capital gain on sale of listed companies shares
4,720,967,563
3,746,770,677
Dividend Received
1,943,062,807
170,552,985
Fees & Commissions Received
1,308,752,290
1,626,601,035
Cash Paid to Employees
(473,881,828)
(406,562,194)
(99,660,179)
(94,677,555)
Cash Paid to Suppliers

Cash Received from Other operating activities
60,861,008
97,959,059
Cash Paid for Other operating activities
(181,594,985)
(198,978,453)
Cash Flow before changes in Operating Assets & Liabilities
5,030,533,205
4,012,132,516
(518,899,347)
(1,977,574,352)
(309,421,762)
(Increase)/Decrease in other Assets
(1,744,431,208)
(1,352,366,796)
Increase/(Decrease) in Deposit Received from Banks
16,276,100,411
9,647,038,880
Increase/(Decrease) in Deposit received from Other Depositors
(7,630,907,785)
675,475,647
558,088,028
5,496,500,000
Changes in Operating Assets & Liabilities

(Increase)/Decrease in Loans & Advances
(Increase)/Decrease in Investment in other Institutions
Increase/(Decrease) in Long Term Debt

Increase/(Decrease) in other Liabilities
Net Cash from Operating Activities
1,670,622,782
(628,080,220)
8,610,572,880
11,551,571,396
13,641,106,084
15,563,703,913
Cash Flow from Investment Activities:

Cash inow from Sale of Securities
Cash outflow for Purchase of Securities
8,132,411,766
13,036,572,517
(20,900,487,799)
(29,013,448,897)
Cash outflow for Purchase of Fixed Asset

Net Cash Used in Investment Activities
(519,835,860)
(28,795,803)
(13,287,911,894)
(16,005,672,183)
(1,490,940,223)
(615,253,452)
Cash Received from Financing Activities

Dividend paid in Cash
Net Cash Used in Financing Activities
(1,490,940,223)
(615,253,452)
Net Increase/(Decrease) in Cash and Cash Equivalent
(1,137,746,033)
(1,057,221,722)
Cash and Cash Equivalent at beginning of the year
11,040,026,814
12,097,248,536
9,902,280,781
11,040,026,814
Closing Cash and Cash Equivalent at end of the year

The attached notes form an integral part of these accounts.

Chairman
Kazi Shoqul Azam

Director
Syed Abdul Hamid

Director
Md. Fayekuzzaman
Managing Director

S. F. Ahmed & Co.
OCTOKHAN
Investment Corpora
Statements of Financial P
(Balance Sheet)
as at 30 June 2014
Amount in Taka
2014
2013
Property and Assets

Cash and Bank Balances
Investments:
Capital Investment in ICB Subsidiary Companies
Capital Investment in Other Ins
Market
t market value
Investment in Bangladesh Fund
8,864,526,467
57,572,888,714
579,499,100
358,174,599
50,925,303,015
5,709,912,000
10,438,161,803
41,653,517,826
579,499,100
358,174,599
35,255,844,127
5,460,000,000
Loans and Advances:

Margin Loan Secured
Unit & Mutual Fund Advance Account Secured
Consumer Credit Scheme
Bridging Loan
Debenture Loan
Lease Receivables
Advance against Equity
Purchase of Debenture
Other Loans and Advances
13,623,362,347
4,083,450,719
187,822,607
4,765,729
4,981,582
21,225,208
1,026,182,917
1,150,000,000
885,242,599
6,259,690,986
13,868,818,197
4,026,903,363
180,341,892
7,508,372
4,981,582
21,225,208
1,065,648,188
1,665,009,286
627,927,789
6,269,272,517
Premises and Equipment (at cost less deprecia

Other Assets
Total Assets
95,013,193
6,028,376,159
86,184,166,880
88,421,946
5,240,755,276
71,289,675,048
9,537,766,646
587,766,646
8,950,000,000
9,824,500,000
24,500,000
9,800,000,000
43,526,327,499
2,101,436
7,173,772,017
60,239,967,598
34,881,134,873
2,451,677
5,461,175,156
50,169,261,706
al
Borrowings:
Government Loan
Borrowings From Different Banks
Deposits
Deferred Interest
ovisions
Carried forward
Investment Corpora
Statements of Financial P
as at 30 June 2014
(Balance Sheet) (contd.)

Amount in Taka
2014
Brought forward
2013
60,239,967,598
50,169,261,706
Capital / Shareholders Equity

Paid-up Capital
Reserves
Retained Earnings
25,944,199,281
4,218,750,000
18,078,320,568
3,647,128,713
21,120,413,342
4,218,750,000
13,822,148,160
3,079,515,182
Tot
86,184,166,880
71,289,675,048
500,000,000
500,000,000
500,000,000
500,000,000
eholders Equity
Contra Entries
O-Balance Sheet Items:
Con
en
Guarantee to DSE & CSE on behalf of ISTCL
Total O-Balance Sheet Items

Chairman
Kazi Shoqul Azam

Director
Syed Abdul Hamid

Director
Md. Fayekuzzaman
Managing Director
S. F. Ahmed & Co.

OCTOKHAN
Investment Corpora
Statement of Comprehensive Income (Prot and Loss Account)

Amount in Taka
2014
Opera
ome
Interest Income
Interest paid on Deposits, Borrowings, etc.
Net Interest Income
Dividend
Capital Gain
Fees, Commissions & Service Charges
Other Opera
ome
Total Opera
ome (a)
Opera
Salary and Allowances
Rent, Taxes, Insurance, Electricity, etc.
Legal Expenses
Postage, Stamps, Telegram & Telephone
Auditors Fees
Sta
y, Prin
, Adv
t, etc.
Directors Fees & Allowances
Repair, Maintenance & Deprecia
emises & Equipment
Brokerage
Other Opera
Total Opera
Opera
ot (a-b)
Non-opera
ome
Prot before Provision (c)
Provision against Loans and Advances
Provision against Other Assets
Provision against Off balance sheet items
Total Provision (d)
Prot before Tax (c-d)
Provision for Taxa
Current Tax
Deferred Tax
2013
2,507,341,063
4,722,763,211
(2,215,422,148)
2,096,167,472
4,417,259,038
381,794,902
9,616,244
4,689,415,507
2,799,431,336
4,413,611,782
(1,614,180,446)
1,206,228,116
3,539,448,775
261,296,357
1,938,848
3,394,731,651
296,738,136
39,982,141
1,980,901
4,596,187
200,000
14,269,804
1,454,750
25,561,898
10,678,972
76,659,056
472,121,844
4,217,293,663
43,618,574
4,260,912,237
378,633,894
140,404,137
519,038,032
3,741,874,205
240,202,560
40,626,592
1,816,525
3,766,973
120,000
11,075,193
1,316,750
25,312,844
30,106,272
74,752,801
429,096,510
2,965,635,141
80,797,669
3,046,432,810
144,816,180
5,000,000
149,816,180
2,896,616,630
631,000,000
5,760,673
636,760,673
3,105,113,532
423,000,000
(5,436,923)
417,563,077
2,479,053,553
Investment Corpora
Statement of Comprehensive Income (Prot and Loss Account) (contd.)

Amount in Taka
2014
2013
3,105,113,532
2,479,053,553
73.60
58.76
Earnings Per Share (EPS)


Chairman
Kazi Shoqul Azam

Director
Syed Abdul Hamid

Director
Md. Fayekuzzaman
Managing Director
S. F. Ahmed & Co.

OCTOKHAN
S. F. Ahmed & Co.

1,591,076,220
750,000,000
2,341,076,220
General
Reserve
850,786,840
500,000,000
1,350,786,840
Dividend
Equalization
Fund
Director
5,071,841,383
(2,438,111,013)
2,633,730,370
Revaluation
Reserve
2,633,730,370
3,436,172,408
6,069,902,778
Revaluation
Reserve
Director
Syed Abdul Hamid

Kazi Shoqul Azam
1,553,400,000
400,000,000
1,953,400,000
Chairman
1,350,786,840
250,000,000
1,600,786,840
Dividend
Equalization
Fund
Balance as at 01 July 2012

3,375,000,000
Net Prot for the year after tax
Reserve For Stock Dividend Transfer to Paid up Capital for FY 2011-12
843,750,000
Cash Dividend Paid - FY 2011-12
Adjusted for Revaluation of Investment for FY 2011-12
4,218,750,000
2,341,076,220
370,000,000
2,711,076,220
General
Reserve
Statement of Changes in Equity
1,953,400,000
200,000,000
2,153,400,000
Reserve for
Building
Reserve for
Building
4,218,750,000
4,218,750,000
Paid Share
Capital
Paid Share
Capital
Particulars
Balance as at 01 July 2013

Net Prot for the year after tax
Reserve For Stock Dividend Transfer to Paid up Capital for FY 2011-12
Cash Dividend Paid - FY 2012-13
Adjusted for Revaluation of Investment for FY 2012-13
Particulars
Investment Corporation of Bangladesh
Statement of Changes in Equity

Debenture
Retained
Loan
Earnings
Redemption
Reserve
- 3,079,515,182
- 3,105,113,532
- (1,687,500,000)
- (820,000,000)
(30,000,000)
- 3,647,128,713
OCTOKHAN
Managing Director
Md. Fayekuzzaman
Reserve for
Debenture
Retained
Future
Loan
Earnings
Diminution Redemption
of Securities
Reserve
5,043,154,730 170,820,137 4,484,748,519
- 2,479,053,553
- (843,750,000)
- (843,750,000)
500,000,000
- (2,150,000,000)
(50,000,000)
- (170,820,137)
3,213,110
5,543,154,730
- 3,079,515,182
Reserve for
Future
Diminution
of Securities
5,543,154,730
5,543,154,730
22,140,827,829
2,479,053,553
(843,750,000)
(2,438,111,013)
(50,000,000)
(167,607,027)
21,120,413,342
Total
21,120,413,342
3,105,113,532
(1,687,500,000)
3,436,172,408
(30,000,000)
25,944,199,281
Amount in Taka
Total
Investment Corpora
Cash Flow Statement

2014
Amount in Taka
2013
Cash ow from opera

Interest Received
Interest Paid
2,721,444,234
2,783,945,343
(4,931,141,040)
(4,078,254,733)
Received from capital gain on sale of listed shares
4,417,259,038
3,539,448,775
Dividend Received
1,998,360,077
1,106,703,278
381,794,902
261,296,357
(292,615,573)
(235,443,269)
(70,111,907)
(65,684,924)
Fees & Commissions Received

Cash Paid to Employees
Cash Paid to Suppliers
Cash Received from Other opera
Cash Paid for Other opera
Cash Flow before changes in Opera
53,234,818
82,736,517
(88,792,778)
(106,175,823)
4,189,431,771
3,288,571,521
245,455,849
(1,528,840,315)
Changes in Opera
(Increase)/Decrease in Loans & Advances
(309,421,762)
(909,677,334)
(1,509,498,139)
Increase/(Decrease) in Deposit Received from other Banks
16,276,100,411
9,647,038,880
Increase/(Decrease) in Deposit received from Other Depositors
(7,630,907,785)
675,475,647
(286,733,354)
5,496,500,000
272,679,467
(538,980,337)
(Increase)/Decrease in Investment in other Ins

(Increase)/Decrease in other Assets
Increase/(Decrease) in Long Term Debt

Increase/(Decr
Net Cash from Opera
7,966,917,253
11,932,273,974
12,156,349,025
15,220,845,495
6,757,401,613
4,076,526,726
(19,236,665,771)
(19,119,169,937)
(21,454,871)
(4,789,817)
(12,500,719,030)
(15,047,433,028)
Cash Flow from Investmen

Cash inow fr
w for Pur
Cash Increase/Decrease From Sale/Purchase of Fixed Asset
Net Cash used in Investmen
Cash Flows fr
Dividend paid in Cash
(1,229,265,331)
(615,253,452)
Ne
(1,229,265,331)
(615,253,452)
Net Increase/(Decrease) in Cash and Cash Equivalent
(1,573,635,336)
(441,840,985)
Cash and Cash Equivalent at beginning of the year
10,438,161,803
10,880,002,788
8,864,526,467
10,438,161,803
Closing Cash and Cash Equivalent at end of the year


Chairman
S. F. Ahmed & Co.

Kazi Shoqul Azam

Director
Syed Abdul Hamid

Director
Md. Fayekuzzaman
Managing Director
OCTOKHAN

ICB Yearly - Acc - 2013 - 14

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ICB Yearly - Acc - 2013 - 14

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Investment Corpora

Consolidated Statement of Financial P

Property and Assets

Consumer Credit Scheme

Cash and Bank Balances

Investment in Bangladesh Fund

Advance against Equity

Other Loans and Advances

Borrowings From Different Banks

Consolidated Statement of Financial P

(Balance Sheet) (Contd.)

Total O-Balance Sheet Items

Mojib Uddin Ahmed Ph.D

Kazi Shoqul Azam

Syed Abdul Hamid

As per our annexed report of same date

S. F. Ahmed & Co.

Dhaka, November 23, 2014

Consolidated Statement of Comprehensive Income (Prot and Loss Account)

Less: Interest paid on Deposits, Borrowings, etc.

Net Interest Income

Fees, Commissions & Service Charges

Postage, Stamps, Telegram & Telephone

Directors Fees & Allowances

Prot before Provision (c)

Provision against Loans, Advances and others

Total Provision (d)

Prot before Tax (c-d)

Consolidated Statement of Comprehensive Income (Prot and Loss Account) (Contd.)

Net Prot Available for Appropria

Earnings Per Share (EPS)

Mojib Uddin Ahmed Ph.D

Kazi Shoqul Azam

Syed Abdul Hamid

As per our annexed report of same date

Dhaka, November 23, 2014

Dhaka, November 23, 2014

S. F. Ahmed & Co.

Mojib Uddin Ahmed Ph.D

Syed Abdul Hamid

Kazi Shoqul Azam

For and on behalf of Investment Corporation of Bangladesh

For the year ended 30 June 2013

Consolidated Statement of Changes in Equity

The attached notes form an integral part of these Financial Statements

Balance at 01 July 2012 (Restated)

For the year ended 30 June 2014

Consolidated Statement of Changes in Equity

Investment Corporation of Bangladesh and its Subsidiaries

Investment Corporation of Bangladesh and its Subsidiaries

Consolidated Cash Flow Statement

Received from capital gain on sale of listed companies shares

Fees & Commissions Received

Cash Paid to Employees

Cash Paid to Suppliers

Cash Paid for Other operating activities

Cash Flow before changes in Operating Assets & Liabilities

(Increase)/Decrease in other Assets

Increase/(Decrease) in Deposit Received from Banks

Increase/(Decrease) in Deposit received from Other Depositors

Changes in Operating Assets & Liabilities

Increase/(Decrease) in Long Term Debt

Cash Flow from Investment Activities: