MRH DEY & CO.

Ghartered Accountants
ARAMIT CEMENT LIMITED
Statement of Financial position
As at December 31 ,2013

mJl= 3alrro13 la-1l:,zru, 1

I ll raka ll raka I
ASSETS
NON CURRENT ASSETS:
Property, Plant & Equipment J 10,350,575
1 102,827,859
Capital Work ln Progress 4 606,998,295 551,979,583
lnvestment 5 6,782,500 6,782,500
CURRENT ASSETS:
lnventories 6 91,035,394 140,770,770
Trade Debtors 7 298,503,853 299,142,030
Advances, Deposits and Prepayments 8 189,531 ,029 208,862,968
Due from Aramit Footwear Limited o 137,269,963 104,376,568
Due from Aramit Power Limited 10 66,515,190 58,269,727
Due from Aramit ThaiAluminium Limited 11 20,053,604 4,528,244
Due from Aramit Steel Pipes Limited 12 7,475,638 6,542,725
Due from Aramit Alu Composite panels Limited 13 39,4s3,058 34,684,023
Other Receivables 14 3,546,955 , 3,546,955
Cash and Bank Balances 15 9.224.122 20,615,126
TOTAL ASSETS 1,586,740,176 1.542.929.O78
SHAREHOLDERS' EQUITY & LIABILITIES
SHAREHOLDERS' EQUITY:
Share Capitat 16 169,400,000 169,400,000
General Reserve 17 26,000,000 26,000,000
Retained Earning
35,886,234
NON CURRENT LIABILITIES:
Term Loan & Lease Finance 18 2,076,106 4,684,613
Deferred lncome Tax 19.1 2,914,766 9,610,216
Provision for Employees' Retiral Gratuity 19.2 12,632,016
CURRENT LIABILITIES:
Current portion of Term Loan & Lease Finance 1B 268,634,799 208,799,388
Current portion of Redeemable Debentures 20 20,947,632 36,868,214
Creditors and Accruals 21 424,862,571 472,933,319
Short Term Loan 22 458,782,466 436,824,743
Due to Aramit Limited 23 112,364,574 1 10,089,676
Unclaimed Dividend 24.1 8,797.OB2 4,655,855
Proposed Dividend 24.2 16,940.000
TOTAL SHAREHOLDERS' EQUITY & LIABILITIES
CONTINGENT LIABILITIES AND COMMITMENTS
25
NET ASSET VALUE PER SHARE (BASIG)
32 16.22 13.65

s
These financial
and were approved
by the Board were signed on its behalf by:

,-/
SECRETARY DIRECTOR CHIEF EXECUTIVE OMR
Signed in terms of our separate report of even date annex

Chittagong, March--lfl -, 2014

hartered Accountants

6h-
 MRH DEY & CO
Chartered Accountants

ARAMIT CEMENT LIMITED

Statement of Gomprehensive lncome
For the year ended December 31,2013

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t-- -t,,-\i
2013 | 2012
Taka ll Taka

Revenue 26 871,405,186 1 ,102,097,948

Cost of Sales -
27 (676,480,549) (887,508,90e)
Gross profit 194,924,637 214,599,039
General and Administrative Expenses 28 (24,362,408) (21,743,412)
Selling and Distribution Expenses 29 (30,564,801) (2e,685,255)
Other Operating lncome 31 14,579,082 12,977,836
Profit from Operating Activities 154,576,510 176,139,209
Financial expenses 30 (97,651,929) (102,054,767)
Profit before WPPF and welfare fund 56,924,591 74,083,441
Contribution to WPPF and welfare fund 2.11.3 (2,846,229) (3,704,172)
Profit before income tax 54,079,352 70,379,269
lncome Tax Expenses:
Current income tax 2.12.2 (17,331,871) (21,s40,668)
Deferred tax I ncome/( Expenses) 19.1 6,695,450 2,413,985
Profit after tax 43,441,931 51,252,586

Earning per share (Basic) 33 2.56 3.03

These financial statements should be read in conjunction with the annexed notes and were approved by
the Board of Directors onlzd%1!2014 and*"r" rign"o on ,r.0"n",, on,

DIRECTOR CHIEF EXECUTIVE OFFICER

Signed in terms of our separate report of even date annexed

MRH DEY & CO.

Ch ittagong, lvlarcn-jS, 2014 Chartered Accountants
MRH DEY & CO.
Chartered Accountants
ARAMIT CEMENT LIMITED
Statement of Cash Flows

CASH FLOW FROM OPERATING ACTIVITIES:

Cash Received from Customers
r
For the Year ended December 31,2013

7 &26
2013 ll
Taka ll
872,043,363 1,060,419'544
(680,798,540) (788,382'810)
zotz
Taka

Cash Paid to Suppliers and Employees 272,036,734

'191,244,823
Gash Generated from OPerations (22,752,165) 97,921'916)
lncome tax Paid (97,190,435) (99,915'503)
30'
lnterest Paid on short term loan
j ,

-
/
\-'

Activities 71302,,223 124,199,315

Net cash inflow / (outflow) from Operating
-

CASH FLOW FROM INVESTING ACTIVITIES: (87,184,818) (122,347,152)

3&5
CaPital exPenditures (3,782,500)
5
lnvestment 14,579,082 12,977,836
31
lnterest earned (1 1 3,1 51'81 6)
Activities
Net cash inflow I (outflow) from Investing

CASH FLOW FROM FINANCING ACTIVITIES: -F4ao1z3o)

2,274,898 9,756,176
23
Due to Aramit Limited (15,525,360) 1 ,564,577
11
Due from Aramit ThaiAluminium Limited
Due from Aramit Footwear Limited
I (32,Se3,3e5) (35'664'737)
10 (8,245,463) (3,016,311)
Due from Aramit Power Limited (e32,e13) (682'e6e)
12
Due from Aramit Steel Pipes Limited
13 (4,769,035) (10,741'927)
Due from Aramit Alu Composite Limited
22 21,s57,723 (20,871,728)
Short term loan
Long Term Loan & Lease Finance
1B 57,226,904 68,727,568
24 (12,798.773)
Dividends Paid
20 (15,920,582) (10,250,525)
Redeemable debentures (461,4e4) (2J3s,264)
30
lnterest on Debentures (3,319,',t 40)
(10,087,490)
Net cash inflow/(outflow) from Financing Activities
(11,391,004) 7,728,360
Net increase/(decrease) in cash & cash equivalents 12,886,766
20,615,126
Opening Cash and cash equivalents
15 9,224,122 20,615,126
Closing cash and cash equivalents
34 4.21 7.33
OPERATING CASH FLOW PER SHARE(BASIC)

Notes
statements should be read in conjunction with the annexed

COMPAN SECRETARY DIRECTOR CHIEF EXECUTIVE OFFICER

MRH DEY & CO.
Chartered Accountants

ARAMIT CEMENT LIMITED

Statement of Changes ln Owners. Equity
For the year ended December g1,2O1g

Balance as on January 1,2013 169,400,000 26,000f000 35,886,234 231,286,234

Profit after tax for the year 43,441,931 43,441.931
Balance as at December:31 , 2013 169,400,000 --26p00,000
..ry ?93r8J65 274,729,165
Balance as on Januaryl,2012 154,000,000 26,000,000 1,573,648 181 ,573,648
Bonus share issued during the year 15,400,000 15,400,000
Profit after tax for the year 51,252,586 51,252,586
Cash dividend tor 2012 (16,e40,000) (16,940,000)
Balance as at 31 December 2012 169,400,000 26,000,000 35,886,234 231,296,234

These financial statements should be read in conjunction with the annexed Notes.

DIRECTOR CHIEF EXECUTIVE OFFICER