RAK Ceramics (Bangladesh) Ltd. CONSOLIDATED PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME for the year ended 31 December 2020 RAK Ceramics (Bangladesh) Ltd. CONSOLIDATED STATEMENT OF FINANCIAL POSITION as at 31 December 2020 Notes 2020 Taka 2019 Taka Notes 2020 Taka 2019 Taka 24 25 5 Assets Property, plant and equipment Investment property Right of use assets Intangible assets Capital work-in-progress Total non-current assets Sales Cost of sales Gross profit Other income Administrative expenses Impairment loss on trade receivable Marketing and selling expenses 3,087,064 214 503.456.083 21.183,255 3.132,357 56,636,694 3,671,472,603 3,002,294,289 681.433,369 45.836,335 6.495,047 177,641.997 3.913.701037 7 8 26 27 271 28 5.288.916.673 (4,099,115,721) 1.189.800.952 3.973.687 (340,243,455) (677,294) (414.376.760) (751,323,822) 438.477.130 51,548,759 119.673.258) 31.875,501 6,463,857.312 (4.556,112,666) 1.907.744.646 46 204,060 (400,512.718) (5.624.637) (455.996.281) (815.929.576) 1.091.815.070 32.878.148 (27,323,676) 5.554 472 Inventories Trade and other receivables Advances, deposits and prepayments Advance income tax Cash and cash equivalents Total current assets Total assets 10 11 12 13 WEB 2.026.990.380 1.008.800.248 270,311,098 3,588,659,675 1,949,194,840 8.843.956,241 12,515,428,844 2.785.630.242 859.960.257 267,192,251 3.434,063,275 1.499,310,101 8.846.156.126 12.759.857.163 29 Profit from operating activities Finance income Finance expenses Net finance income 30 Equity Share capital Share premium Retained earnings Equity attributable to equity holders of the company 14 15 16 Profit before contribution to worker's profit participation and welfare fund 4,279,687,010 1.473.647.979 1,269,975.797 7,023,310,786 4,279,687,010 1.473.647.979 1.601 275.518 7.354,610.507 470.352.631 1.097,369,542 31 (22,816,672) 447,535,959 (52.965 129) 1,044,404.413 Non-controlling interests Total equity 1.314 7,023,312.100 1393 7.354,611.900 Contribution to worker's profit participation and welfare fund Profit before income tax Income tax expense Current tax Deferred tax 32 17 (137,014,355) 131.848 (136,882 507 310,653,452 (296.420.303) 6.041.346 (290.378.957 754.025,456 17 20 191,761,301 9.291,390 201,052,691 191,893 149 29.374,867 221,268,016 Liabilities Deferred tax liability Lease liability Total non-current liabilities - Borrowings Lease liability Trade and other payables Accrued expenses Provision for income tax Total current liabilities Total liabilities Total equity and liabilities 310,653,452 Profit for the year Other comprehensive income Total comprehensive income for the year Profit attributable to: : Equity holders of the company Non-controlling interests Profit after tax for the year 754025 456 19 20 21 22 23 119.940.905 4,505,188 675,069.613 520.281.836 3.971.266.511 5.291,064,053 5,492,116,744 12,515 428,844 89,232,918 10.101,008 691,725,531 558,665,634 3,834,252,156 5183 977.246 5,405,245,263 12.759.857.163 310.653.331 121 310653452 754,025,209 247 754025456 Market Price of RAK stock = 44.20 BDT Total number of shares available (427968701 in 2020 and 427968701 in 2019) RAK Ceramics (Bangladesh) Ltd. CONSOLIDATED STATEMENT OF CASH FLOWS or the year ended 31 December 2020 2020 Taka 2019 Taka 5,105,194,886 (3,732,064.498) 1.373.130.388 10.130.980 (154,596,400) 1.228.664.968 6.450,716,308 (4,563,582.744 1.887.133.564 6,832,490 (308.746.264) 1.585.219.790 Cash flows from operating activities Cash receipts from customers Cash payments to suppliers and employees Cash generated from operating activities Interest received from bank deposit Income tax paid (note - 12) Net cash (used in)/from operating activities (note-41.1) Cash flows from investing activities Acquisition of property, plant and equipment Sale of property, plant and equipment Interest received from FDR Income from rental Intangible assets Insurance claim received Dividend received Net cash (used in)/from investing activities Cash flows from financing activities Finance charges Avail/(repayment) of term loan Avail/(repayment) of short-term loan Payment of lease liability Dividend paid Unclaimed share application refund Adjustment related with non-controlling interest Net cash (used in)/from financing activities Effect of exchange rate changes in cash and cash equivalents Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents as at 01 January Cash and cash equivalents as at 31 December (Note 13) The accompanying notes are an integral part of these financial statements (231, 242,745) 2,361,500 38.673,987 5.325.653 (492,890) 38,287,131 100 (147,087,264) (279.524,6031 179,500 20,857,636 12.045,000 (771.526) 56.976,731 200 (190,237,062) (18.873.848) 30.707.987 19,677,498) (634.047.427) (200) (631,890.986) 198.021 449.884,739 1.499,310,101 1.949,194.840 (18.947.425) (88,203.349) (220,419,498) (10.730.542) (386.966.131) (8,160) (400) (725.275,505) (204.349) 669,502,874 829.807.227 1.499,310,101 Compute and comment of the following ratios (for 2020): Currect Ratio Earnings per Share (EPS) Quick Ratio Return on Equity Net Profit margin Return on Assets (ROA) Accounts Receivable Turnover Price / Earnings (P/E) Ratio Accounts Payable Turnover (Consider COGS ) Market / Book (M/B) Ratio Total Assets turnover DuPont Identity Debt Ratio Interest Coverage Ratio