an ISO certified company “Keya Cosmetics Ltd.Annual Report 2014-15 Contents Into This Report Page No. EE Vision 02 EEE Mission 02 Values: 02 Letter of Transmittal 03 EEE Notice of the 19th Annual General Meeting 04 [EERE Corporate Milestones 0s [EERE Management Apparatus 06 Board of Directors o7 EE Factory View 08 EE Products Overview 09 Welcome Message from the Chairman 15 | CURIA MENT WAS AST [Ml Key Presentation of the Financial Highlights 7 Graphical Persentation of Key Performance Indicators 18 EE Picture Gallery : Few Events of 18th AGM. 19 EE Director's Report to the Shareholders 20 ER Front View of Few Snaps on Production Process: 24 EE Director's Report Annexure-I 26 Pattern of Shareholding Annexure-II 27 Brief Rusume of the Directors Annexure-III 28 EE Audit Committee Report Annexure-IV 29 Certificate on Compliance of Corporate Govornance Gidelines Annexure-V- 30 Corporate Govornance Compliance Report Annexure-VI 31 [EEE Certificate by the Managing Director and CFO Annexure-VIL 36 EE Auditors’ Report to the Shareholders 37 EE Statement of Financial Position 38 EEE Statement of Profit or Loss and Other Comprehensive Income 39 EE Statement of Changes in Equity 40 Statement of Cash Flows 4l (EE Notes to the Financial Statements 42 EE Schedule of Fixed Assets 62 | Proxy Form 63 aneyen Conmatics lid.Annual Report 2014-15 Vision: To be a global leader in the chosen areas of business and create opportunities for the development of mankind that leads to economic growth with moral gains. Mission: * To provide superior value by offering quality products and services. * To continue divers method of empowerment to develop skilled human resources. * To establish high tec environment for inspiring new innovation. * To maintain highest level of morality and integrity. * To develop the best way of ensuring customer satisfaction. Values: * Commitment * Team work * Efficency * Integrity * Consistency * Accountability. ageyen Conmatics ltd.Annual Report 2014-15 Letter of Transmittal January 24, 2016 The Alll Shareholders Bangladesh Securities and Exchange Commission Registrar of Joint Stock Companies & Firms Dhaka Stock Exchange Ltd. Chittagong Stock Exchange Ltd. Subject: Annual Report for the year ended June 30, 2015. Dear Sir(s)/Madam(s), We are pleased to enclose a copy of the Annual Report together with the Audited Statements of Financial Position including Statement of Profit or Loss & other Comprehensive Income, Statement of Cash Flows and Statement of Changes in Equity for the year ended June 30, 2015 along with notes thereon for your record, ‘Yours sincerely op" Mad. Noot Hossain ‘Company Secretary (In-Charge) aeya Cosmetics ted.Annual Report 2014-15 “KYA, cosmetics ttd. Notice of the 19th Annual General Meeting Notice is hereby given that the 19th Annual General Meeting of the Keya Cosmetics Ltd. will be held on Thursday, 18 February, 2016 at 11:00 am. at our Registered Office & Factory Premises at Jarun, Konabari, Gazipur to transact the following business: Ordinary Business Agenda-1 “To receive, consider and adopt the Audited Financial Statements for the year ended June 30,2015, together with the Reports of the Directors’ and the Auditors thereon; Agenda-2 To declare final dividend for the year ended June 30, 2015 as recommended by the Board of Directors; Agenda-3 To elect/appoint Directors in terms of the relevant provision of Articles of Association of the Company; Agenda-4- To appoint Auditor of the Company and to fix their remuneration; ‘Agenda-5 : To transact any other business with the permission of the Chair. Special Business : Agenda-6 -To Increase Authorized Share Capital of Keya Cosmetics Limited from Tk 650.00 crore toTk.750.00 crore and to amend the Clause-V (Uma) of the Memorandum of Association and Clause-5 of the Articles of Association; By order of the Board of Directors Di Dated :24 January, 2016 (Md.Noor Hossain) Company Secretary (in-charge) Notes: ‘* The Board of Directors recommended for payment of 20% Stock Dividend on all existing ordinary shareholders of the general public and sponsors group for the year ended 30th June, 2015. + The Record Date of the company is 30th December, 2015. Trading of the company's shares in the stock exchanges will remain suspend on the Record Date. Members, whose names will appear at the close of business on the Record Date, will be eligible to entitle Dividend, attend the 19th Annual General Meeting and vote there at; ‘* Any member of the company entitled to attend and vote at the Annual General Meeting may appoint any person, as his/her Proxy to attend and vote on his/her behalf. A Member being a corporation or company may appoint its representative duly appointed and authorized to attend and vote on its behalf. The proxy form or power of attorney or letter of authority, as the case may be duly signed and revenue stamp of Tk 20.00 must be submitted at the Registered Office of the Company at least 48 hours before the time fixed for the meeting; + Admission to the meeting place will be strictly on production of the attendance slip sent with the Notice; + If any shareholder failed to receive Annual Report 2014-15 of the Company which has sent through courier is advised to collect the same from Share Division situated at Navana Tower, (14th Floor), 45 South Gulshan Avenue, Gulshan-1, Dhaka-1212. No claim for Annual Report or attendance slip will be entertained at the time of Annual General Meeting, «+ Please reach our website at wwwkeyagroupbd.com to have Annual Report for 2014-2015. “aero Retabe we cary Sir ax ATT Ae SEC/CMRRCD/2009-193/154 dated 24/10/2013 cea Fa carotene ig ae ra METH COIR sear Vorera/erara/ ETAT STST AMT aTeRl ae aT AK yas emetic udCorporate Milestones Annual Report 2014-15, Company Registration No. Date of Incorporated as a Private Ltd. Company Commercial Production started in the year Converted into Public Ltd. Company in the year Initial Public Offering (IPO) Listing with Dhaka and Chittagong Stock Exchanges Won the National Export Trophy for exporting cosmetics Present Status 1st Amalgamation with our two companies iKeya Detergents Ltd. & Keya Soap Chemicals Ltd) wef 2nd Amalgamation with our three companies (Keya Spinning Mills Ltd, Keya Cotton Mill Ltd. & Keya knit Composite Ltd) w.ef Authorized Capital Number of Shares Paid-up Capital Turnover Business Lines -Cosmetics Unit -Cotton Unit “Spinning Unit -knit Composite Unit Export Outlets Subsidiary/Associate Company Corporate Office: Navana Tower, 45, South Gulshan Avenue, (14m Floor), Gulshan-1, Dhaka-1212 Ph: +880-2-9897651, 9897734, 9899326 Fax: +880-2-8831032 Website : www-keyagroupbd.com E-mail: keyacosmetics@keya-bd.com €-30932 (53)/96 July 14,1996 1997 1999 2001 2001 2002-03, 2003-04 & 2004-05. Public Limited Company 2 30th June, 2011 28th February, 2015, + TK6,500,000,000.00 589,752,037 Tk589,75,20,370.00 Tk. 5,588,649,526.00 Manufacturing and Selling of Cosmetics & Toiletries Finished Products, Detergent Powder and Soap Noodles Products. Manufacturing and Selling of Yar, Export & Import Manufacturing and Selling of Yarn & Yarn Rotor, Export & Import 100% export oriented Knit Composite Readymade Garments Manufacturing Industries. India, Bhutan, Qutar, West Africa, North Korea, kingdom of Saudi Arabia, Belgium, German & UK and many other countries of USA and Europe. Keya Sweaters Lt Keya Yarn Mills Limited. Registered Office & Factory: Jarun, Konabari, Gazipur. Ph: +880-2-9297779, 9297766, 9297029 Fax: + 880-2-9297778 326 Website : www. keyagroupbd.com E-mail :kgroup@keya-bd.com aceyen conmetics itd. (05)Annual Report 2014-15, Management Apparatus Board of Directors : Mr Abdul Khaleque Pathan Chairman Mrs. Khaleda Pervin Managing Director Ms.Tansin Keya Director -Mr.Masum Pathan Director tRepresenatve of keya Yon Mil ia) Mr.Md.Faizuddin Independent Director CFO & Company Secretary Auditor: Mr. Mustafizur Rahman Chief Financial Officer M/S. Namad & Akhtar Md. Noor Hossain Company Secretary (In-Charge) Chartered Accountants Audit Committee : Legal Advisor Mr.Md.Faizuddin Chairman Chowdhury & Associates Mrs. Khaleda Pervin Member Mr.Masum Pathan Member Md, Rahmatullah Knondoker, ECA Member Mrs.Fatimatoz Johora Member Secretary Management Committee Insurance Mr. Abdul Khaleque Pathan Chairman Phoenix Insurance Co.Ltd Mrs. Khaleda Pervin Managing Director Asia Insurance Ltd. Mr. Masum Pathan Director Mr. Alhaj Akkas Ali Pathan Sr Executive Director Mr. Hassan Shahid Sarwar FCA FO (Spinning & Cotton) Mr. Mustafizur Rahman CFO (Cosmetics) Mr. Shaikh Ashafuzzaman FCA CFO (Knit Composite) Mr. ABM Golarn Mostafa Munshi Head of Sales & Marketing (Cosmetics) Mr.Mizanur Rahman Maju 5t.GM (Factory-Spinning) Mr.Engr.Shafiqul Alam Sr.GM (Production-Cotton) Mr.Md.Delowar Hossain SGM (Production-Knitting) Mr. Dewan Mid. Ashraful islam Sr.GM (Production-Dyeing) Mr. Parimal Kumar Pramanik GM (Production Cosmetics) MrA.K Azad GM (Merchandising & Production) MrMRA Sohel DGM (Production Coordinator) (Mrs. Fatimatoz Johora DGM (Internal Auditor) Corporate Affairs & Share Management Banks Md. Noor Hossain Company Secretary (In-Charge) ‘The Premier Bank Ltd Ma, Shamim Uddin Officer (Corporate Affairs) Standard Bank Ltd Sonali Bank Ltd Bank Asia Limited Pubali Bank Limited Southeast Bank Ltd Operational Management Team Mr. Mustafizur Rahman CFO (Cosmetics) IMr.Hassan Shahid Sarwar FCA CFO (Spinning & Cotton) Mr. Shaikh Ashafuzzarnan FCA CFO (Knit Composite) ‘ABM Golam Mostafa Munshi Head of Sales & Marketing (Cosmetics) Mr.Mizanur Rahman Maju Head of Factory (Spinning, Cotton, Knit) Mr.Engr.Md.Shafiqul Alam Head of Production (Knit, Spinning & Cotton) Mr. atimal Kumar Pramanik Head of Production (Cosmetic) MSM, Asraful islam Head of HR Mrs. Fatimatuz Johora Head of Internal Audit XN “KEY. cosmetics itd.Annual Report 2014-15, Board of Directors eat Nees emery eee ea tea xX “KEY. coameties itd.Report Factory View - - 58,200,000, Forfeted shares (95576980) - : : = 95575880 : Seaitanalgamatan 3219510550 - - > || 2meatiesa)|— saonerisee Revaiaton reserve Seaver 133921 (as3sa) Net prof. - aes 169,696,933, Stock Dileep 382520060 Abdul Khaleque Pathan Khaleda Pervin Mad, Rahmotullah Khondoker, FCA Chairman ‘Managing Director ‘Chief Financial Officer ‘As per our annexed report of even date KES WE, ‘AHMAD & AKHTAR, Date : 08 December, 2015 Dhaka, Chartered Accountants (4) aeya. Conmatics ltd.Annual Report 2014-15 SN “KEY, cosmetics ltd. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2015, Figures in Taka A. Cash From Operating Activities: Receipts: Cath Received from Sales Revenue 264,733,801 Cath Receve from Othe Income 27 830,779 Total cash Receipts | 2692;545,670, Payments: Payment for Purchase & Expenses 2,403,283 932 Total Payments | 2409,283.932, Net Cash Used)/Provided from Operating Activities —(2,104,148,851) 289,260,738 8. Cash Flows From Investing Activities: Investment & FOR : Fed Assets Acquisition (235,025,513) Net Cash (used)/provided in Investing Activities (295,025,913) . Cash Flows From Financing Activities: Short term Loan. (94,457,925) tong Tem Loan : Cash anc Cash Equivalents are take over rom Transferor Companies : Net Cath (used)/provided in Financing Activities (o4as7 525) D. Net nrease/(dcrease) in Cash and Cash Equivalents (ABC) © exsae © cash and cash utes ot Seg of the period 21020774 F. Cash and Cash Equivalents tthe ending of the period (0+) | 25365020 20797576. 6. Net Operating Cash Flow Per Share (NOCFP) 35.00 sn) 162 Spgs ‘Abdul Khaleque Pathan Khaleda Pervin Md. Rahmotullan Khondoker, FCA Chairman Managing Director Chief Financial Officer [As per our annexed report of even date Date : 08 December, 2015 Dhaka [AHMAD & AKHTAR, Chartered Accountants eye. conmaticn itd. (44)Annual Report 2014-15 NS °KEY&, cosmetics ltd. Notes to the Financial Statements For the year ended June 30,2015 1.00 REPORTING ENTITY 1.01 Background of the Company ‘The Company was incorporated in Bangladesh as private limited Company on 14 July, 1996 as Company limited by shares under the Companies Act, 1994 and converted into public limited Company on 20 June 1999 under the Companies Act, 1994. The Copmany was listed with Dhaka Stock Exchange Ltd. (DSE) and Chittagong Stock Exchange Ltd. (CSE) as a publicly fquoted Company. Trading of the shares of the Company started in two Stock Exchanges from 2001. The Registered Office and Factory of the Company is at Jarun. Konabari, Gazipur and the Corporate Office is located at Navana Tower (14t" Floor), House 1no-45, Gulshan Avenue, Gulshan-1, Dhaka-1212. Keya Cosmetics Limited is engaged in production of several kinds and size of soap, shaving cream, toothpaste, coconut oil and other cosmetics items since its incorporation. As on 28 February 2015, the Company took over, under a Scheme of Amalgamation, all assets and liabilities erstwhile Keya Spinning Mills Limited, Keya Cotton Mills Limited & Keya Knit Composite Limited, three Companies were public limited, the backward linkage industries of Keya Group. The Scheme of Amalgamation was duly approved by the Honorable High Court Division of Bangladesh Supreme Court vide case company matter no. 235 of 2013, judgment dated 07-12-2014 with effect from 28 February 2015. 1.02 Affiliated Company Keya Cosmetics Limited has an affiliated company is the name of Keya Yarn Mills Limited. 1.03 BASIS OF PREPARATION OF FINANCIAL STATEMENTS. 1.03.1 Statement of Compliance ‘The financial statements have been prepared and the disclosures of information made in accordance with the requirements of the companies Act 1994, the Securities & Exchange Rules 1987 and International Accounting Standard (IAS) adopted by the Institute of Chartered Accountants of Bangladesh (ICAB), as Bangladesh Accounting Standard (BAS) & Bangladesh Financial Reporting Standard (BFRS).The Board of Directors is responsible for preparing and presenting the financial staternent including adequate disclosures, who approved and authorized for issue of these financial statements. The statement of financial position and Statement of Profit or Loss and Other Comprehensive Income have been prepared according to BAS-1 “Presentation of Financial Statements” based on accrual basis of accounting following going concern assumption and statement of cash flow according to BAS 7"Statement of Cash Flows” 1.03.2 Regulatory Compliances As required by the company, the management complies with all Rules and Regulations applicable in Bangladesh aeyen Conmetics tid.Annual Report 2014-15 1.03.3 Components of the Financial Statements According to the International Accounting Standards (IAS)-1 as adopted by ICAB as BAS-1 “Presentation of Financial Statements’ the complete set of financial statements includes the following components. i. Staternent of financial position as at 30 June 2015; ji, Statement of Profit or Loss and comprehensive income for the financial year 30 June 2015; |. Statement of cash flows for the financial year 30 June 2015; Statement of changes in equity for the financial year 30 June 2015; v. Summary of significant accounting policies and other explanatory notes for the financial year 30 June 2015. 1.03.4 Measurement Bases used in preparing the Financial Statements The financial statements have been prepared on the historical cost basis, and therefore, do not take into consideration the effect of inflation. The accounting policies, unless otherwise stated, have been consistently applied by the company and are consistent with those of the previous year. 1.03.5 Reporting Currency and Level of Precision The financial statements are presented in Bangladeshi currency (Taka), which is the Company's functional currency. All financial information presented in Taka has been rounded off to the nearest Taka. 1.03.6 Preparation and Presentation of Financial Statements of the Company The Board of Directors of the company is responsible for the preparation and presentation of financial statements of Keya Cosmetics Limited. 1.03.7 Use of Estimates and Judgments The preparation of these financial statements, in conformity with BASs/BFRSs, required management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual amounts may differ from these estimates. Estimates and underlying assumptions are reviewed on an on going basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. In particular, information about significant areas of estimation on uncertainty and critical judgments in applying accounting policies that have the most significant affect on the amounts recognized in the financial statements are included in the following notes: Note:4.00 Property, Plant and Equipment Note: 5.00 Inventories 00 Loans, Advance and Deposit 20.00 Deferred Tax Liability Note:24.00 Income Tax Liability Note:29.00 Depreciation to be charge XN “K@Y4, cosmetics Ltd.Annual Report 2014-15 1.03.8 Reporting Period The financial period of the companies covers one year from 1 July 2014 to 30 June 2015 and is followed consistently. 1.03.9 Cash Flow Statement Statement of cash flows is prepared in accordance with “BAS 7: Cash Flow Statement” and the cash flows from operating activities have been presented under Direct Method as required by the Securities and Exchange Rules 1987 and considering the provisions that “Enterprises are Encouraged to Report Cash Flow from Operating Activities using the Direct Method" 1.03.10 Compliance with the Requirements of Notification of the Securities and Exchange Commission dated 04.06.2008 under ref. # SEC/CMMRPC/2008-181/53/Adm/03/28 a) Notes to the financial statements marked from 1.04 setting out the policies are unambiguous with respect to the reporting framework on which the accounting policies are based. b) The accounting policies on all material areas have been stated clearly in the notes marked from 1.04 ©) The accounting standards that underpin the policies adopted by the company can be found in the following places of the notes to the financial statements: 1 Presentation of Financial Statements 1 2 Inventories 2 3 Cash Flow Statements 7 4 | Accounting policies, Changes in accounting Estimates & Errors 8 5_|_ Events after the Reporting Period 10 6 | Construction Contracts i 7 Income Taxes 12 8_| Segment Reporting 14 9 | Property, Plant and Equipment 16 10 Leases 7 11 Revenue 18 12 Employees Benefits 19 13 | Accounting for Government Grants & Disclosure of 20 Government Assistance 14 The Effects of Changes in Foreign Exchange Rates 21 15 Borrowing Costs 23 16 | Related Party Disclosures 24 xX “KGYAL cosmetics ltd.Annual Report 2014-15 17_| Accounting and Reporting by Retirement Benefit Plans 26 18 | Consolidated and Separate Financial Statements a7 19 | Investment in Associates 28 20 | Interest in Joint Ventures 31 21_| Financial instruments: Presentation 32 22_[ Earning Per Share 33 23_|_ Interim Financial Reporting 34 24 _[_ Impairment of Assets 36 25 | Provision, Contingent Liabilities and Contingent Assets 37 26 | Intangible Assets 38 27_|_ Financial Instruments: Recognition &Measurement 39 28 | Investment Property 40 29 | Agriculture 41 1 First-time Adoption of Bangladesh Financial Reporting 1 Standards 2 Share based payment 2 3 Business Combinations 3 4 Insurance Contracts 4 3 ‘Non-Current Assets held for sale and discontinued operations 3 6 Exploration for and evaluation of mineral resources 6 7 Financial Instruments: Disclosures 7 8 Operating Segments & 9 Financial Instruments 9 10 [Consolidated Financial Statements 10 T1_[_ Joint Arrangements 1 12 [Disclosure of Interests in Other Entities 12 13, [Fair Value Measurement 1B d) The financial statements are in compliance with the Bangladesh Financial Reporting Standards (BFRS) which are adopted from the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB). 1.03.11 Standards, amendments or interpretations which became effective during the year During the year certain amendments to Standards and new interpretations became effective however they did not have any material effect on the financial statements of the Company. axeya. conmatics itd. (45)Annual Report 2014-15 1.03.12 New/revised accounting standards, amendments to published accounting standards, and Interpretations that are not yet effective The following new standards, amendments and interpretations of approved accounting standards are only effective for annual periods beginning from the dates specified below and have not been early adopted by the company. - Amendments to IAS 12: income tax, deferred tax on investment property (effective for annual periods beginning on afterl January 2012). The 2010 amendment provides an exception to the measurement principle in respect of investment property measured using the fair value model in accordance with IAS 40 Investment property. The measurement of deferred tax assets and liabilities, in this limited circumstance, is based on a rebuttable presumption that the carrying amount of the investment property will be recovered entirely through sale, The presumption can be rebutted only if the investment property is depreciable and held within a business model whose objective is to consume substantially all of the asset's economic benefits over the life of the asset. The amendment has no impact on financial statements of the Company. -IAS 19: (Amendment) regarding defined benefit plans (effective for periods beginning on or after July 1, 2014) amendments that require actuarial gains and losses to be recognized immediately in other comprehensive income; this change will remove the corridor method and eliminate the ability for entities to recognize all changes in the defined benefit obligation and in plan assets in profit or loss, which currently is allowed under IAS 19: and that the expected return on plan assets recognized in profit or loss is calculated based on the rate used to discount the defined benefit obligation. The Company is yet to assets the full impact of the amendment - Presentation of items of Other Comprehensive income {Amendments to IAS-1) (effective for annual periods beginning on or after 1 July 2012). The amendments require that an entity present separately the items of other comprehensive income that would be reclassified to profit or loss in the future it certain conditions are met from those that would never be reclassified to profit or loss, The amendments do not address which items are presented in other comprehensive income or which items need to be reclassified. The requirements of other IFRS's continue to apply in this regard. The amendments have no impact on financial statements of the Company. - Offsetting Financial Assets and Financial Liabilities Amendments to IAS 32: Financial Instruments-Presentation (effective for annual periods beginning on or after 1 January 2014). The amendments address inconsistencies in current practice when applying the offsetting criteria in IAS 32 Financial Instruments: Presentation. The amendments clarify the meaning of ‘currently has a legally enforceable right of set-off’; and that some gross settlement systems may be considered equivalent to net settlement. - Offsetting Financial Assets and Financial Liabilities Amendments to IFRS 7: Financial Instruments-Disclosures (effective for annual periods beginning on or after 1 January 2013). The amendments to IFRS 7 contain new disclosure requirements for financial assets and liabilities that are offset in the statement of financial position or subject to master netting agreement or similar arrangement. aeya. Conmatics ltd.Annual Report 2014-15 - Annual Improvements 2009-2011 (effective for annual periods beginning on or after 1 January 2013).The new cycle of improvements contains amendments to the following three standards, with consequential amendments to other standards and interpretations. ~IAS 1: Presentation of Financial Statements is amended to clarify that only one comparative period -which is the preceding period -is required for a complete set of financial statements. If an entity presents additional comparative information, then that additional information need not be in the form of a complete set of financial statements. However, such information should be accompanied by related notes and should be in accordance with IFRS. Furthermore, it clarifies that the ‘third statement of financial position; when required, is only required if the effect of restatement immaterial to statement of financial position. IAS 16: Property, Plant and Equipment are amended to clarify the accounting of spare parts, stand-by equipment and servicing equipment. The definition of ‘property. Plant and equipment in IAS 16 is now considered in determining whether these items should be accounted for under that standard. If these items do not meet the definition, then they are accounted for using IAS 2 Inventories. - IAS 32: Financial Instruments: Presentation - is amended to clarify that |AS 12- Income Taxes applies to the accounting for income taxes relating to distributions to holders of an equity instrument and transaction costs of an equity transaction. The amendment removes a perceived inconsistency between IAS 32 and IAS 12. 1.04 SIGNIFICANT ACCOUNTING POLICIES The specific accounting policies have been selected and applied for significant transactions and events that have a material effect within the framework for the preparation and presentation of financial statements. 1.04.1 Property, Plant & Equipment 1.04.1.1 Recognition and Measurement Property, plant & Equipment are accounted for according to BAS 16 “Property, Plant and Equipment” at Historical cost less cumulative depreciation except land and land development which consider at revalued and includes expenditures that are directly attributable to the acquisition of the assets. The cost of self constructed/installed assets includes the cost of materials, direct labor and any other costs directly attributable to bringing the assets to the working condition for its intended use and the cost of dismantling and removing the items and restoring the site on which they are located. 1.04.12 Depreciation Depreciation is recognized in statement of profit or loss and other comprehensive income on diminishing balance method over the estimated useful lives of fixed assets. Depreciation is charged on addition form the month of acquisition /addition and no depreciation is charged in the month of disposal. Depreciation is provided on a diminishing balance method at the rate(s) shown below: aneya. coumeticn ted. (47)Annual Report 2014-15 Land and Land Development - Building & Civil Construction 3% Plant & Machinery 10% Laboratory Equipment 10% Other Machinery 10% Electrical Equipments 15% Office Equipment 15% Gas Line Equipment and Installation 20% Fumiture & Fixture 10% Transport & Vehicle 20% Fire Fighting Equipment 15%. Other Assets 15% Software Development 15% ‘Computer and Accessories 20% 1.04.2 Inventories 1,042.1 Valuation of Inventories Inventories are measured at lower of cost and ex-factory net realizable value in compliance with “BAS 2: Inventories" The cost of inventories is based on weighted average principle and includes expenditure for acquiring the inventories and bringing them to their existing location and condition. Net realizable value is estimated upon selling price in the ordinary course of business less estimated cost of completion. When the inventories are used, the carrying amounts of those inventories are recognized as expense in the year in which the related revenue is recognized, According to the requirement of BAS-2, Inventories are valued at the lower of cost or net realizable value, Finished Finished goods are valued at cost or net realizable value whichever is goods lower. Raw Raw materials are valued at cost or net realizable value whichever is materials lower, Store items | — Based on weighted average method. 1.04.3 Leased assets The leased liability is considered as a capital lease. So the interest expense on Lease liability is charge to Statement of Profit or Loss and Other Comprehensive Income under finance cost. (48) angye. Cosmetics ltd.Annual Report 2014.15 1.04.4 Revenue Recognition Revenue from net sales of the company represents invoiced value of sale of finished goods, which are recognized after considering the conditions, set in paragraph 14 of BAS 18: “Revenue! Revenue from the sale of goods is recognized when all the following conditions are satisfied: + the company has transferred to the buyer the significant risks and rewards of ownership of the goods; * the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; + the amount of revenue can be measured reliably; + it is probable that the economic benefits associated with the transaction will flow to the company; and +The cost incurred or to be incurred in respect of the transaction can be measured reliably. 1.04.5 Foreign Currency Transaction/Translation Foreign currency transactions are translated into Bangladeshi Taka at the exchange rates ruling at the transaction dates according to BAS 21: The effect of changes in Foreign Exchange Rates” Monetary assets and liabilities denominated in the foreign currencies are translated at prevailing rates on the balance sheet (financial position) date. Non monetary assets and liabilities denominated in foreign currencies, which are related at historical cost, are translated into Bangladesh Taka at the exchange date ruling at the date of transactions. Foreign exchange fluctuation gain/losses are charged to Statement of profit or loss and other Comprehensive Income for the respective period, 1 Expenses Financial costs comprise of interest expense on short term loan. The costs are charged to revenue except those are capitalized in accordance with BAS 23: Borrowing Costs. 1.04.7 Financial Instruments Non-derivative financial instruments comprise trade receivables, trade payables, cash and cash equivalents and share capital Trade Receivables Trade receivables are recognized initially at invoice value and subsequently measured at the remaining amount less allowance for doubtful receivable at the year end, if any. Receivables from foreign currency transactions are recognized in Bangladeshi Taka using exchange rates prevailing on the date of transaction. Trade Payables Liabilities are recorded at the amount payable for settlement in respect of goods and services received by the company, whether or not billed by the suppliers Cash and Cash Equivalents Cash and cash equivalents consist of cash in hand and with banks on current and deposit accounts and short term investments which are held and available for use by the company without any restriction. There is insignificant risk of change in value of the same. Share Capital Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of ordinary shares are recognized as a deduction from equity, net of any tax effect. XS “KG, cosmetics Ltd.Annual Report 2014-15 1.04.8 Taxation 1,048.1 Current Tax Current tax is the expected tax payable on the taxable income for the financial year, using tax rates enacted or subsequently enacted after the reporting date and any adjustment to tax payable in respect of previous years. Provision for taxation is calculated on the basis of applicable current tax rate and incompliance with Finance Act. 2014. The company taxation is under final settlement of Tax Liability under section 82 (c) of the Income Tax Ordinance 1984 and applicable Tax deduction rate as source on export sales proceed @0,30% under section 53 BB. 1.04.8.2 Deferred Tax The company has decided to adopt policy of recognition of deferred tax in accordance with the Bangladesh Accounting Standard 12 (BAS-12), deferred tax is provided using the liability method for temporary difference between the carrying value of fixed assets as per accounts and the corresponding income tax written down value. Deferred tax is calculated at the effective income tax rate prevailing at the statement of financial position date. 1.04.9 Provisions As per "BAS 37: Provisions, Contingent Liabilities and Contingent Assets’ a provision recognized on the date of statement of financial position if,as a result of past even Company has a present obligation that can be estimated reliably, and it is probable the outflow of economic benefits will be required to settle the obligation A provision is recognized if, as a result of a past event, the company has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefit will be required to settle the obligation. 1.04.10 Contingencies Contingencies arising from claim, litigation assessment, fines, penalties etc are recorded it is probable that a liability has been incurred and the amount can be measured reliably accordance with “BAS 37: Provisions, Contingent Liabilities and Contingent Assets” 1.04.11 Earning Per Share (EPS) The company calculates Earning per Share (EPS) in accordance with BAS 33 “Earning per Share" which has been shown on the face of statement of profit or loss and other Comprehensive Income and the computation of EPS is stated in Note - 35 of the financial statements. Basic Earnings This represents earnings for the period attributable to the ordinary shareholders. As there no preference dividend, minority interest or extra ordinary items, the net profit for the year has been considered as fully attributable to ordinary shareholders. Basic earnings per has been calculated by dividing the net profit or loss by the number of ordinary share outstanding during the year. Diluted Earnings per Share (DEPS) Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders and weighted average number of ordinary shares outstanding, for the effect of all dilutive potential ordinary shares. However, dilution of EPS is not applicable for these financial statements as there were no potential ordinary shares during the relevant period. (0) angye. Coumeties Ltd.Annual Report 2014-15 1.04.12 Contingent Liabilities and Assets Contingent liabilities are current or possible obligations, arising from past events and whose existence is due to the occurrence or non- occurrence of one or more uncertain future events, which are not within the control of the company. In accordance with BAS 37 provisions, contingent liabilities and contingent assets are disclose in the financial statements. 1.04.13 Worker's profit participation & welfare funds The company contributed 5% of net profit before charging the amount to the aforementioned fund in accordance with the requirement of section 234 of labour Act. 2006, (Amendment 2013). 1.04.14 Segment Reporting No segmental reporting is applicable for the company as required by “BAS 14: Segment Reporting” as the company operates in a single industry segment and within as geographical segment. 1.04.15 Event after Statement of Financial Position Date In compliance with the requirements of “BAS-10: Event After the reporting period” that provide additional information about the company’s position at the date of the financial position are reflected in the financial statements but the company has no such event to report in the current financial year. 1.04.16 Going Concern The company has adequate resources to continue its operations for foreseeable future. For this reason the directors continue to adopt the going concern basis in preparing the accounts. The resources of the company are sufficient to meet the present obligation of its existing businesses and operations 1.04.17 Related Party Disclosures ‘The company carried out a number of transactions with related parties in the normal course of business and on arms’ length basis. The information as required by BAS 24: Related Party Disclosures has been disclosed in a separate note 11 to the accounts. 1.04.18 Financial Risk Management Policies The company is exposed to normal business risks from changes in market interest rates and currency exchange rates and from non-performance of contractual obligations by counterparties. The company does not hold or issue derivative financial instruments for speculative or trading purposes. Interest Rate Risk ‘The company has no significant risk of fluctuations in interest rates Foreign Currency Risk The company is exposed to foreign currency risk relating to purchases which are denominated in foreign currencies. The company primarily utilizes forward exchange contracts with maturities of less than one year to hedge such financial liabilities denominated in foreign currencies. The forward exchange contracts entered into at the reporting date also relate to anticipated purchases, denominated in foreign currencies, for the subsequent period.Annual Report 2014-15 Credit Risk Credit risk is the potential financial loss resulting from the failure of a customer or counterparty to settle its financial and contractual obligations to the company as and when they fall due. Management has a credit policy in place and the exposure to credit risk is monitored on an ongoing basis. Credit evaluations are performed on all customers requiring credit over a certain amount. At the reporting date there were no significant concentrations of credit risk. The maximum exposure to credit risk is represented by the carrying amount of each financial asset in the statement of financial position. However, due to the large number of parties comprising the groups customer base, Management does not anticipate material losses from its debt collection. Liquidity Risk The company monitors its liquidity risk and maintains a level of cash and cash equivalents deemed adequate by management to finance the company operations and to mitigate the effects of fluctuations in cash flows Fair Values The fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm's length transaction. The fair value of trade and other short-term receivables are taken to approximate their carrying value. The fair value of financial assets and liabilities approximate their carrying value, 1.04.19 General i) The Company amalgamated with three other Companies under the same group. According to amalgamation scheme approved by the Honorable High Court Division, the management prepares special purpose Financial Statements of the company including transferor as at 28 February, 2015 and Audited accordingly. ii) Comparative figures have been considered necessary to ensure better comparability with the current period without causing any impact on the profit and value of assets and liabilities as reported in the financial statements, (s2) ange. Conmatics Ltd.Annual Report 2014-15 ACY et commetin ta NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE, 2015 4.00 FIXED ASSETS agzn2i7am.—4,238,713,986 Fixed Assets at cost: Opening Balance 11482,073,924 [Adsivon during the period 547,292,242 Adjustment during the period (32,266,331 Closing Balance ‘Accumulated Depreciation pening Balance 665,759,335 Charged during the period 55,626,514 Closing Balance Writen Down Value Revaluation: Opening Value of Revaluated Assets ‘Adsivon during the year tess: Accumulated Deprecation ths period on Revaluated Assets ‘Written Down Closing Value of Revaluated Assets ‘otal Wetten Down Value Details shown in Annexure: 5.00 INVESTMENT Cosmetics (Note-5.01) kit Compost Bivision Cotton Division Spinning Dvsion 110,569,450 3.01 Cosmetics Investment on share (Note 5.01 (3) Share meney deposit 10,569,450 5.01(a) Investment in Share Not shares 10,568,450, Popular if 1st Mutual Fund 13066 1,000,000 Central Depository Bangladesh Ltd. 571,183, 4,369,450 eva Sweater te 50,000 5,000,000 {6.00 STOCK OF GOODS MATERIALS & STORES Cosmetics Note-6.01) ‘Knit Composite Division Cotton divin Spinning Dision Hl Stock and Storeshave been taken valued and certified by the management and consist ofthe S “KGYEL. cosmetics ied. (53)Annual Report 2014-15 6.01 Cosmetics Raw & Packing Materials (Note-6.03(0) Work n Process (Note-6.03(6) Finished Stock (Note-6.01() ‘Spare Parts & Stationary Goods 422,196,117 428,199,306 57,773,066 60,429,940 6.01(a) Raw & Packing Materials Raw Materials Packing Materia 370,674,753 51,521,364 6.01(b) Work in Process 6.01(c) Finished Stock 7.00 MATERIAL IN TRANSIT cosmetics 239,182 kit Composite Dwvision . 8.00 LOAN, ADVANCES AND DEPOSIT ‘Cosmetics (Note-8.03) koit Composite Division Cotton Division Spinning Division 356,587,395 101 Cosmetics [Advance Income Tax (Note-8.02) \VAT Current Account (Note-8.03) ' Current Account (Nate-8.08) VAT Payment under Sub-lusicial ‘Advance against Land purchases ‘Advance against Expenses ‘Advance Salary ‘Advance Against House Rent Prepaid Insurance Marginal Deposit A/e Deposit with Rural Electrification Board (REB) Deposit against TNT Deposit with BOC Deposit with TGTDCL{Titas Gas) 271,200,182 ea 584 326818 3.212239, 250,000,000 10,379,386 318,999 108,000 1,386,456 5,330,723, 241,306 25,750 24,000 2573,952 8.02 Advance Income Tax ‘As per last period account ‘Addition during the period 37215243, 95,084,938 8.03 VAT Current Account Balance as per lat account 6,306,910, Paid through challan 136,000,000 Paid on purchase 224,110,082 Paid on Export (0ED0) 27974539, Paid on Advertisement 6,050,701 Payable during the year (978,552,648) (5 AG yet cme8.04 SO Curent Account Balance as per last account Paid through chalan [Adjustment during the period Payable during te period 9.00 CURRENT ACCOUNT WITH SISTER CONCERN Cosmetics (Nate-3.01) Kcit Composite Division Cotton Division Spinning Division 9.01 Cosmetics ‘current Accounts with sister concern stands receivable from Key Yarn Mills Limited, Details of which areas below: Last period balance ‘Temporary Loan Given/adjustment Return of shate Money Deposit Total Cucent Accounts with Sister Concern 10.00. TRADE RECEIVABLE CCosmetis Note-10.0) Kit Composite Dvision Cotton Division Spinning Division No amount was due by the directors, managing agent, managers and other officers ofthe ‘company and any of them severally or jointly with any other person.Considered good. No provisions has made against the debtors 10.01 Cosmetics Receivable from Export Receivable from Distributor 11.00 OTHER RECEIVABLE (Cosmetis Note-1.02) Kit Composite Division 11.01 Cosmetics (Other Receivable 12.00 CASH AND BANK BALANCES ‘cash in Hand Cosmetics (Note-12.1.02) Kit Composite Division Catton Division Spinning Dbision cash at Bank: Cosmetics Note-12.1.02 Kit Composit Division Cotton Division Spinning Division Annual Report 2014-15 276,181 30,300,000 307 (20,249,630), 674,558,170 793,688,728 (119,130,558) 970,051,537 17,272,936 952,778,701 3,316,088, 39316008, 10,492,419Annual Report 2014-15 12.01 cosmetics 12.101 Cashin Hane ee ro 12.102 Casha Bank | soa0s257_ ‘A Arafah slam’ Bank coAle 0012020053050 6,925 Bank Asia coale 00833007207 758,362 sve Cone 003-173598-011 31427 City Bank sto Ne 2921053408002 60.541 eat come 0116:10000003308 +3891,390 Dhaka Sank coA’e —_a23100000008844 4901 National Bank coNe 5345 2 (ne Ban coNe 00318376008 33435 Premier fank cOMe —0104213000:2792 1216 UNION Bank CON. 2613 . Prime Bank sto Ne 30822080002871 849,168 seat CONe — sasog0s3626 2.905 Sona ank Limited Ne 7687 2429209 Sonal Sank STO Ne 36002134 17.684 sea STD Ne 003012100001599 499078 sec COAe 0122000024635 s2944 Standard Bank cone 00933007895, - 13.00 RO EXPENSE a Cosmeties : Cotton Dison : 16.00 SHARE CAPITAL ‘Authorized share Capital: 650,000,000 Ordinary Shares @ Tk. 10.00 each | 6500,00,000 | 6 500,000,000, Issued, Subscribed & Paid up Capital: $89,752,087 Ordinary Shares @ Tk, 10.00 each -—5,897,520370 —_1,790,666,740, 12. Composition of Share Holder ‘Mr Abdul Khaleque Pathan 216,448,531 36.70% 2,164,486,310 257,953,840, ‘Mrs Ferura Begum 27,139,202 4.60% 271,392,020 6,541,780, (Mrs Khaleda Pervin 12504097 212% 325,040,970 35,815,000 (Ms Tansin Keya 13,709,281 232% 337,092,810 36,758,380 ‘Me Masum Pathan 9,808,686 1.66% 98,046,860 11,503,590 Keya Knit Composite td > 0.00% > 161,703,780 Kaleque & Co Ltd 2,568,463 0.44% 25,684,430 41,342,530 Keya Yarn Mil te 127,738,717 21.66% 1,277,387,170 18,768,510 Keya Sweater td 180,665 0.03% 1,806,650 1,505,540, General Public 179,658,315 30.46% 4,796,583,150 _1,247,773,790 (ss) cya Cosmetics Id.Annual Report 2014-15 761,706,592 15.00. SHARE PREMIUM Cosmetics Note-15.01) Cotton Bivision| 15.01 Cosmetics Opening Balance ‘Ade : Received during the period 743,746,592 416.00 REVALUATION RESERVE Cosmetics Kit Composite Bivsion Cotton Division Spinning Division 334,555 117.00. TAX HOUDAY RESERVE Cosmetics Knit Composite Bivsion Cotton Division Spinning Division 45,704,731 418.00. RETAINED EARNINGS Opening Balance Net profit (Loss) during the period Revaluation Reserve during the period Dividend Dectared (Bonus Share) 1,090,556,216 270,096,491 (334,655) (162,787,880) 419.00 LONG TERM LOAN Cosmetics Knit Composite Division (Note-19.01) Cotton Division (Note-18.02) Spinning Division (Note-19.03) 49.01 Knit Composit Division Dutch Bangla Bank itd, Gulshan Br Southeast Bank Uited Nationa Bank Limited Pubal Bank Limited 19.02 Cotton Division Southeaset dank Limited, Gulshan Branch National Bank Uimited, Gulshan Branch Union Capital Limited, Main Office Pubal Bank Limite Principal Branch 19.03. Spining Division Sonali Sank Limited 8.8 Avenue Branch 010237001406 Sonali Sank Limited 8.8 Avenue Branch 010237001496, Standard Bank Gulshan Branch cosas20¢515 National Bark ited, Gushan Branch 006735001252 National Bank Limited, Gulshan Branch 006735002834 PubaliBank Limite Principal Branch 3555316108151 Bank Asia lta, MCB Dilkusha Branch 00835008868. Souteast Sank Limited, Gulshan Branch Social Islam Bank Ld, Utara Branch 0243930000013 “The above long term loans are secured by registered mortgage ofthe factory land and land development and bul and other civil works and plant and machinery. The rate of interest is varied from 13% to 15%, XS “KEYA, conmetics ied. (57)Annual Report 2014-15 20.00 DEFERRED TAX LABILITY Cosmetics (Note-20.01) = Cotton Division Spinning Division 38420,63 20.01 Cosmeties Deferred tax assets an libilties have been recogrized and measured in accordance wit the provision of BAS- 12."Income Tat. Related defered tax expenses/income have been recognized inthe statement of comprehensive statement. Carrying amount as on Balance Sheet Date Less: Tax based as on Balance Sheet Date ‘Taxable Temporary Difference 11,238,713,986 421,457,031 Deferred Tax Liability (27.5% on Taxable Temporary Difference) 31,420,662 Deferred tax expenses/{income) 12,656,379, "No materials efferred tax assets or lability of the financial statements 30 June 2015, 21.00. BANKLOAN & OVERDRAFTS (SHORT TERM LOAN) Cosmetics Nate-21.01) Knit Composite Division (Note-22.02) Cotton Division (Note-21.03) ‘Spinning Division (Note-23.04) 0a 24.01 cosmetics (CCLoans CC{P) 556 Sonal Bank, 88A Branch Ez 274378 Hypo CC{H) 548 Sonal Bank, BBA Branch 30,207,676 CCHypo CctH) AYe-000-523-00, Premier Bank, Banani Branch 46; (CCHypo Cc{P) A/e-203-175-25, Dhaka Bank, Foreign Exchange Branch ‘500 A/C No, 00970202949 Standard Bank 5.964.408 LTR: Premier Bank id 69,764,291 LTR: Standard Bank ta 79,983,667 Premier Bank (UPAS Le} Demand Loan-Gank Asia Ld a 21.02 Knit Composite Division FoaP Pubali Bank itd-CC (Hypo) UM/TR/LTR/TL/ DL /PAD/ Cash Incentive Loan Time Loan SEBL EDF Loan SEB. -FBPN/FDBP-SEBL (EXPOERT) PAD SC Pubal Bank Utd. & Southeast Bank Ltd 22,03 Cotton Division Southeast Bank ea Dutch-Bangla Bank Limited National 6ank Lt, Pubal Bank Limited ccHypo) Short Tetm Loan Al Arafa islam Bank Limited Social islam Bank Limited Standard Bank itd South Bangla Bank Limited (8) eye. Cosmetics Ltd.Annual Report 2014-15 21.08 22.01 2301, 2ao1 25.00 Spinning Division Sonali ank Ltd, BBA Branch: Pledge Sonali ank Led. BBA Branch- Hypo, Dutch Bangla Bank Sonali Sank Ltd. BBA Be. LTR Pubali Bank te. Principal Branch Standard Bank Ltd -Gulshan Branch-tTR South East Bank Ld. Gulshan branch Avarafah slam Bank Limited Motes! Pubal Bank td Principal Branch (Hypo) "TRADE PAYABLE Cosmetics (Note-22.01) Knit Composite Division Cotton Division Spinning Division Cosmetics Creditors for Advertisement Crecitors fr Materials Crecitors for Transport Expenses Creditors fr Others OUTSTANDING UABILITIES Cosmetics (Note-23.01} Knit Composite Division Cotton Division Spinning Dvision Cosmetics Wages & Salary Directors Remuneration Audit Fee Gasaill Advertisement Office Rent Outstanding Liabilities for Pending GAN PROVISION FOR INCOME TAX Cosmetic (Note-24.03) Knit Composite Division Cotton Division Spinning Division Cosmetics Opening Balance Provision this period on Operating Income Provision this periad on Non Operating Income ‘Adjustment/Payment during the period UNCLAIMED DIVIDEND Cosmetics (Note-25.03) Knit Composite Division Cotton Division Spinning Division cosmetics Opening Balance Proposed during the period Paid during the period 56,203,916 9,871,054 49,101,365 2,903,911 (5.712.415), 9,191,567 615,603 11,502,320 115,000 300,855 2,850,460 100,000 307,329 209,835,412 159,129,322Annual Report 2014-15 26,00. WORKERS PROFIT PARTICIPATION AND WELFARE FUND cosmetics (Note-26.01) kit Composit Division Cotton Division Spinning Division 26,01 Cosmetics Opening Balance ‘Add: During the period Paié during the period 27.00 TURNOVER Sales (Local) Sales (Export) Gross Turnover Less: VAT (Note-8.03) Less: Subsidiary Dty (Note-8.04) 28.00 cost oF Goons soLo Raw, Packing and Spare Parts Consumed (Note-28.01) “Manufacturing Overhead (Note-28.02}) ‘Add: Opening Work in Progress Less Closing Wor in Progress Cost of Goods Manufacture ‘Add: Opening Finished Stock Less Closing Finished Stock cost oF Goo soLD 28.01. Raw and Packing Material Consumed Opening Stock Local Purchase Import Purchase Goods Available for use Less Closing Stock 28.02 Manufacturing Overhead Fuel OW & Lubricant Salary ang Wages Repairs & Maintenance Utlity Charges-Gas Labour Charges & Overtime Insurance Premium Loading ané Unloading Charges Plantation Generator Overhauling Charges Others Expenses Depreciation 29,00 ADMINISTRATIVE EXPENSES Salary & Allowances Director's Remuneration AGM Expenses Conveyance Depreciation Entertainment Fees & Forms Repairs & Maintenance-office & Vehicle Medical Expense 27,181,870 22,732,985 19,359,548 (24,511,068), 2,900,885,533 130,847,920 (378,552,648) (20,249,630), 3,796,422,302 159,561,595 45,438,709 426,199,306 1,993,223,300 54,573,473 51,779,066 529,856,262 797,629,365 951,562,736 (482,626,061) 11,089,373, 72,876,195 708,796 19,744,298 935,557 2,065,500 23,800 8.630 4,110,000 2,088,113, 28,429,793, 10,024,330 2,790,837 317,500, 140,457 6675,182 7,762,127 133,980Annual Report 2014-15 ——-30June, 2015 Mise Expenses 5051243 Postage & courier 2osean7 faterand Taxes : ‘Business Development Exzenses 213999 expenses 189.637 Sade show 23039 Freight 2aaea79 Coviage outward ino.7s Donation 07.26 Stationery Saran Merger Expenses/Aud egal 25574 Car expenses aosasa Selepnone/ Fax / mall Expenses 293,804 thers Expenses 193269 30.00. MARKETING, SELLING AND DISTRIBUTION EXPENSES Salary & Alowances aL775902 Sales Promation Activation 963.950 ‘Advertisement muse Distbution expenses 17,182,904 tarketing Meeting Expenses 797 Carriage Outward 7927360 Conveyance 2426 Ci Expences Export) as3.a6t Sample and Git aoa? fepats& Maintenance of Vehicles 3148.953 Other Marketing xxences 2isosia 21.00 FINANCIAL EXPENSES soganase Bank Charge 1,037,098 Rate Fitton Foreign Exchange 49,794386, Interest on Bank toon : 22.00 NON OPERATING INCOME - aro10 Income trom £00 Ts74588 Dividend income rom CDBL 182302 Other Income 2517,061 wastage Sles 590,559 23.00 EARNING PER SHARE (EPS) IAS. 23 ast Earring attributable to the shareholders (Net Prot after Tax) 270096 451 Number of shares outstanding during the Period paneer 24.00. NET ASSETS VALUE PER SHARE EE] Net Worth of the Company 3.77657, Number of Shores 1790066678 35.00 _NETOPERATING CASH FLOW PER SHARE ae) Net Operating ash Flow —_ Number of shares ere 36.00 RELATED PARTY TRANSACTION (IAS -24) Investment in share Share Money Depost Loan to KYM 5,000,000, 37.00 Employee Position of Keya Cosmetics Limited as per requirement of schedule XI, part I, Para-3 38,00 EVENT AFTER REPORTING DATE ‘The Boar¢ of Directors ofthe company in its Board Meeting held on 08.12.2015 and recommended 20% Stock dividend {forthe year ended 30 une 2015 aya. cosmetics ted. (61)Annual Report 2014-15 ‘smoye se prtoqe vag sy ner oaepeetsg weet | oe enon | oreareny | ower renee raeceree | nearer | ereaner Tver meine] stot ot suncuesy quawidinbg pue yuelg ‘Ayadoug panjenay jo ajnpayrs OTT OT BT TROT TOT =[e[e[=[[=[= [=| =a] stoz’aunro¢ wosy JINGSHDS SLASSW G3Xl4 “py SoNsuISOD PAM X “K@Y4, cosmetics itd.Annual Report 2014-15 Koya, Cosmetics Ltd. ‘Navana Tower (14th Fl), 45 South Gulshan Avenue, Gulshan-1, Dhaka-1212 Proxy Form We, of being a member of Keya Cosmetics Limited hereby appoint ‘Mr/Ms. of as my/our proxy to attend and vote for me/us on my/our behalf at the 19th Annual General Meeting of the Company to be held on 18th February 2016 at 11,00 am. at the Factory Premises at Jarun, Konabati, Gazipur and at any adjournment thereof. As witness me/our hand this. day of February, 2016, Signature of Proxy, Signature of Shareholder BO ID/Folio No. aya Cosmetics Ltd. ‘Navana Tower (14th Fl), 45 South Gulshan Avenue, Gulshan-1, Dhaka-1212 Attendance Slip UWe hereby record my presence at the 19th Annual General Meeting of Keya Cosmetics Limited on 18th February 2016 at 11.00 a.m.at the Factory Premises at Jarun, Konabari, Gazipur. Name of the Shareholder Signature. Number of Shares .... - - 80 ID/Folio No... - - Name of the Proxy 7 Signature, NB. The member attending the meeting is kindly requested to mention the registered name and BOID/Folio ‘number on this slip and present the same at the registration counter on the day of the meeting. «eye Commaticn Ltd.Report “KGY&. cosmetics itd.