Bangladesh Lamps Limited

Sadar Road, Mohakhali

Dhaka - 1206

BALANCE SHEET (UN-AUDITED)

AS AT 30 JUNE 2010
Figures in Taka
2010 2009
Particulars At 30th June At 31st Dec.
Assets
Property, plant and equipment 99,814,608 106,946,118
Intangible assets 102,500 117,500
Investments 38,250,523 38,250,523
Loans and deposits 2,208,648 2,240,969
Total non-current assets 140,376,279 147,555,110
Inventories 132,374,860 127,990,769
Trade and other debtors 335,634,455 253,086,921
Advance, deposits and prepayments 6,326,036 4,999,566
Advance income tax 40,990,123 25,757,285
Cash and cash equivalents 95,086,120 89,925,773
Total current assets 610,411,594 501,760,314
Total assets 750,787,873 649,315,424
Equity
Share capital 72,081,600 72,081,600
Reserves and surplus 231,668,070 233,742,040
Total equity 303,749,670 305,823,640
Liabilities
Long term loan 30,208,334 36,458,334
Deferred liability - gratuity payable 23,120,691 22,008,780
Deferred tax - liability 17,065,548 19,441,088
Total non- current liabilities 70,394,573 77,908,202
Current portion of long term loan 12,500,000 12,500,000
Short term finance 209,920,770 92,323,508
Trade and other creditors 48,153,503 60,957,763
Accrued expenses 9,180,407 7,455,857
Other liabilities 15,745,690 16,210,389
Provision for taxation 58,374,554 48,652,421
Provision for royalty 22,768,706 27,483,644
Total current liabilities and provisions 376,643,630 265,583,582
Total liabilities 447,038,203 343,491,784
Total equity and liabilities 750,787,873 649,315,424
Net assets value per share 421 424
 PROFIT AND LOSS ACCOUNT (UN-AUDITED)
FOR THE PERIOD ENDED 30 JUNE 2010
Figures in Taka
Particulars Jan-June 2010 Jan-June 2009 April-June 2010 April-June 2009
Sales ( net of VAT & SD ) 280,531,564 256,667,172 130,555,964 116,639,425
Cost of Goods Sold -239,184,021 -217,985,319 -113,541,918 -100,505,572
Gross profit 41,347,543 38,681,853 17,014,046 16,133,853
Other Income 5,612,057 5,444,699 2,807,057 2,723,699
Operating Expenses -14,470,960 -12,664,643 -7,730,738 -6,566,323
Profit from operation 32,488,640 31,461,909 12,090,365 12,291,229
Finance cost :
Finance expense -14,506,804 -17,462,393 -6,809,260 -8,941,231
Finance income 14,044,406 12,303,659 8,728,094 7,859,827
-462,398 -5,158,734 1,918,834 -1,081,404
Profit before contribution to WPPF 32,026,242 26,303,175 14,009,199 11,209,825
Contribution to WPPF -1,525,059 -1,252,532 -667,105 -533,801
Profit before income tax 30,501,183 25,050,643 13,342,094 10,676,024
Tax expense :
Current tax -9,722,133 -9,331,020 -4,258,581 -3,920,205
Deferred tax 2,375,540 2,315,179 1,260,220 1,157,589
Profit after Tax 23,154,590 18,034,802 10,343,733 7,913,408
Earning per share ( per value Tk.100 ) 32 25 14 11

CASH FLOW STATEMENT (UN-AUDITED)

FOR THE PERIOD ENDED 30 JUNE 2010
Figures in Taka
Particulars Jan-June 2010 Jan-June 2009
A)Cash flows from operating activities:
Collection from Turnover 250,000,000 275,000,000
Collection from other income 11,051,874 6,817,889
Sub-Total 261,051,874 281,817,889
Payment to suppliers 190,844,755 200,687,893
Payment to employees 37,230,031 35,903,968
Income tax payments 15,232,838 13,947,969
VAT & supplementary duty payments 47,000,796 42,673,007
Other payments for expenses & services 48,826,461 46,724,760
Sub-Total 339,134,881 339,937,597
Net cash flows from operating activities -78,083,007 -58,119,708
B)Cash flows from investing activities:
Payment for purchase of fixed assets -2,007,774 -589,039
Payment for purchase of shares 0 0
Sub-Total -2,007,774 -589,039
C)Cash flows from financing activities:
Dividend payments -26,096,134 -11,997,439
Repayment of long term loan -6,250,000 0
Sub-Total -32,346,134 -11,997,439
Net cash inflows /(outflows)for the period -112,436,915 -70,706,186
Opening cash and bank balances -2,397,735 -110,198,289
Closing cash and bank balances -114,834,650 -180,904,475
Net operating cash flow per share ( NOCFPS ) -108 -81
 STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)
FOR THE PERIOD ENDED 30 JUNE 2010

Description Share Capital General Unappropriated Total

Capital Reserve Reserve Profit
Balance as at 1 January 2010 72,081,600 2,305,167 194,526,232 36,910,641 305,823,640
Dividend paid - - - (25,228,560) (25,228,560)
Net profit after tax for the half year 2010 - - - 23,154,590 23,154,590
Balance as at 30th June 2010 72,081,600 2,305,167 194,526,232 34,836,671 303,749,670

Balance as at 30th June 2009 72,081,600 2,305,167 164,526,232 26,436,553 265,349,552

Chief Operating Officer & CFO Director