Scribd Logo
Upload

Welcome to Scribd!

  • 41 views

    Prime Finance First MF2012

    Uploaded by

    Abrar Faisal
    - The document contains the annual audited financial statements for the Prime Finance First Mutual Fund for the year ending December 31, 2012. - It reported total assets of Tk 351.64 crore consisting of marketable securities, cash, and other assets against total capital and liabilities. - Net profit for the year was Tk 12.87 crore with earnings per unit of Tk 0.64, lower than the previous year due to a higher provision against marketable securities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Prime Finance First MF2012

    Uploaded by

    Abrar Faisal
    41 views1 page
    - The document contains the annual audited financial statements for the Prime Finance First Mutual Fund for the year ending December 31, 2012. - It reported total assets of Tk 351.64 crore consisting of marketable securities, cash, and other assets against total capital and liabilities. - Net profit for the year was Tk 12.87 crore with earnings per unit of Tk 0.64, lower than the previous year due to a higher provision against marketable securities.

    Original Title

    Prime Finance First MF2012

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    - The document contains the annual audited financial statements for the Prime Finance First Mutual Fund for the year ending December 31, 2012. - It reported total assets of Tk 351.64 crore consisting of marketable securities, cash, and other assets against total capital and liabilities. - Net profit for the year was Tk 12.87 crore with earnings per unit of Tk 0.64, lower than the previous year due to a higher provision against marketable securities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    41 views1 page

    Prime Finance First MF2012

    Uploaded by

    Abrar Faisal
    - The document contains the annual audited financial statements for the Prime Finance First Mutual Fund for the year ending December 31, 2012. - It reported total assets of Tk 351.64 crore consisting of marketable securities, cash, and other assets against total capital and liabilities. - Net profit for the year was Tk 12.87 crore with earnings per unit of Tk 0.64, lower than the previous year due to a higher provision against marketable securities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Prime Finance First Mutual Fund

    Asset Manager: ICB Asset Management Company Limited


    BDBL Building (Level-17), 8, Rajuk Avenue, Dhaka-1000.
    In terms of the Rule 69 of the wmwKDwiwUR I G·‡PÄ Kwgkb (wgDPz¨qvj dvÛ) wewagvjv 2001 , the yearly
    audited accounts of the Prime Finance First Mutual Fund for the year ended 31 December 2012 are
    appended below:
    STATEMENT OF FINANCIAL POSITION
    AS AT 31 DECEMBER 2012
    2012 2011
    ASSETS: Taka Taka
    Marketable securities-at cost 330,424,875 330,581,006
    Cash and bank balance 15,041,669 38,915,260
    Other current assets 6,178,437 4,330,749
    Total Assets 351,644,981 373,827,015
    CAPITAL & LIABILITIES:
    Capital 200,000,000 200,000,000
    Reserve and surplus 32,552,355 63,683,643
    Current liabilities 18,892,626 21,643,372
    Provision for marketable securities 100,200,000 88,500,000
    Total Capital & Liabilities 351,644,981 373,827,015
    STATEMENT OF COMPREHENSIVE INCOME
    FOR THE YEAR ENDED 31 DECEMBER 2012
    2012 2011
    INCOME: Taka Taka
    Profit on sale of investment 25,125,696 45,007,141
    Dividend from investment in shares 4,322,893 5,269,374
    Interest on bank deposits 991,250 1,726,165
    Total Income 30,439,839 52,002,680
    EXPENSES:
    Management fee 4,633,499 6,083,697
    Trustee fee 200,000 200,000
    Custodian fee 252,288 357,960
    Annual fee 200,000 200,000
    Listing fee 110,000 110,000
    Audit fee 20,900 20,900
    Other operating expenses 454,440 950,096
    Total Expenses 5,871,127 7,922,653
    Profit before provision 24,568,712 44,080,027
    Provision against marketable securities 11,700,000 -
    Net Profit for the year 12,868,712 44,080,027
    Earnings Per Unit 0.64 2.20
    STATEMENT OF CASH FLOW
    FOR THE YEAR ENDED 31 DECEMBER 2012
    2012 2011
    CASH FLOW FROM OPERATING ACTIVITIES: Taka Taka
    Dividend from investment in shares 3,708,827 5,708,074
    Interest on bank deposits 1,154,750 1,562,665
    Other operating expenses (7,377,889) (8,584,856)
    Net Cash used in Operating Activities (2,514,312) (1,314,117)
    CASH FLOW FROM INVESTING ACTIVITIES:
    Purchase of marketable securities (100,597,846) (85,713,076)
    Sale of marketable securities 129,542,551 120,997,511
    Application for investment in shares (38,360,000) -
    Refund received from investment in shares 33,300,000 -
    Adjustment of NRB account (132,975) 762,890
    Net Cash Flow from Investing Activities 23,751,730 36,047,325
    CASH FLOW FROM FINANCING ACTIVITIES:
    Refundable unit (share) application money - (10,000)
    Dividend paid (45,111,009) (33,773,651)
    Net Cash used in Financing Activities (45,111,009) (33,783,651)
    Increase/(Decrease) in Cash and Cash Equivalent (23,873,591) 949,557
    Cash and Cash Equivalent at Opening 38,915,260 37,965,703
    Cash and Cash Equivalent at Closing 15,041,669 38,915,260
    General Information:
    Sponsor Prime Finance & Investment Limited.
    Trustee Investment Corporation of Bangladesh
    Custodian Investment Corporation of Bangladesh
    Auditor Zoha Zaman kabir Rashid & Co.
    Banker Prime Bank Ltd., SBC Tower Br. Dhaka.
    Other Financial Information:
    Earnings Per Unit Tk. 0.64 Tk. 2.20
    Net Asset Value (NAV) Per Unit
    At Cost Price Tk. 16.64 Tk. 17.61
    At market Price Tk. 11.63 Tk. 16.03
    Dividend Per Unit Tk. 1.00 Tk. 2.20
    The detailed annual report is available for inspection at the Head Office of ICB Asset
    Management Company Ltd. Interested Investors can collect a copy of annual report on
    payment of Tk. 20.00 only.
    Sd/-
    Md. Alauddin Khan
    Chief Executive Officer

    You might also like