t#I, IT t*ffistrltants

Lrd.

IIIFoEMATIoN TEcHNouosY coNsT,LT*,IrTs IJMrIED.

UIY.A UDITED

Z,

frrril.Y rTIwnaIL

STA TEMEIrTS FOfr TTIE PEBIOD ENDED OTV DECETTBES 3 T, 20 I 7 Q TTA

rVrBqnrult PrJtzA (g* & 4* FL) 260/8, TEJCAON -YA DrAKA-r zo8 PH: g8SO31O-1

I

Information Technology Consultants Limited Statement of Financial position As at

3l December 20l Z & Un-audited

Provisional

Notes

3l

December 2017

30 June 201 7

Assets

Non Cufienl Assets: Proper11.,. plant and equiprrent. net Intangible assets. net Capital w,ork-in-progress

1.00

254.21 1.208

248.81t.236

5.00

781.627 .242

717

6.00

20,828.208

99, r 80,928

I,056,666.658

1,065,544,774

.522.610

Current Assets: Inventories

Accounts receivable Other receivable Advance, deposits

&

prepa),ments

Cash and cash equivalents

1.00

361.549.937

328,739,218

8.00

303.875.372

404,388,824

9.00

4.953,41

10.00

s88,973.2'15

I r.00

4.833,777

I

576.145,998

38,360,791

t53.207.6'16

1,397,712,796

I,467,315.493

2.J51.379,4{4

2,sJ2.860.267

12.00

1.010.520.000

r.000.500.000

r3.00

291,578.430

294.5',18.430

14.00

61.5 I 1,440

Total Assets

r

Equitv and Liahilities Shoreholders' Equity: Share oapitai Share premium

Retained earnings Revaluation reserve

15.00

Non Cu tent Lio bil ities : Def'erred tax Iiabilitr

I

10t.917.927

87,806

226.187

1,622,797.676

1,623,184,163

77.235.n0

r6.00

Lease finance

82.060.579

17.00

ITC-QOOL A'lM project

3. r 28.002

r8.00

20.47 5.000 t

3. I

28.002

575

05,66J.581

t02,938,1

l2

Current Liabilities: Trade payables Bank overdrafi IPO subscription retirnd Payable ftrr expenses Other lrabiliries Current portion of long term loan Provision lor income tax

I9.00

21.570.571

40.928.357

20.00

114.032,',l39

488.001 .92 I

21.00

I 15.750

22.00

70.053.5 86

23.00

152,423.658

I

1.1

192.213.702

24.00

6.503,658

8.121.29i

25.00

31.218.22s

21.60s.276

Total Liabilities

'l'otal Equitl' & Liabitities

725,9t 8,187

806,737,992

831,58t,768

909,676,104

2.J5J.379,14J

Net Asset Value (i,\AV) per share

25.829

55.74 I.6

38.00

2,5J2,860,267

15.60

16.22

l'he annexed noles fbrm an integral part ofthese financial statcments.

sdl^

sal-

Chirirntan

Director

sd l'('hief' Financral Ofllcer Placc-:

[)hiika

[)ate: .larruarr

]8. l() l8

sa

\^

i\lanagin-u I)irector

& (lEo

sd\C'ontpanY S!-crelar\

Information Technology Consultants Limited Statement of Profit or Loss and Other Comprehensive Income For the 2nd Quarter ended 31 December 2017 Provisional & Un-audited Six Months Ended

Notes Revenue Cost of services

26

&

sales

27

Gross Profit

Jul to Dec'17

Jul to Dec'I6

Taka

Taka

2nd Quarter Ended Dec'17 Oct to Dec'16

Oct to

Taka

Taka

00 40 r-65e. r 2tl 500r88r r"l ll=.t??ndl a 34 ti43.r67 00 J r214.218.203)ll (348.786.t62)ll r r:O.zoq.oo4rll t2a8.682.28r rl 187,140,920 151,701,974 106,607,462 92,76l,lgl

I

Operating Expenses:

l--(5eJ78,458il tt30/r6.o6s)lnrrr63-jrttl | es,ztl.426)ll (24.3s4.s$ll (u.374.7s3)ll 30.00 | (7.241.83e)ll t0,rer,rssrll f:.osr.qzrtll 0,qtt,toti

General and administrative expenses

28.00

Selling & distribution expcnses

2e.00

Other operating expenses

Total Operating Expenses

(92,038,723)

0perating Profi t/(Loss)

95,402,197

Non operating income

3

150

t.00

Profit/(Loss) before Finance Costs 32.00

Finance inconte

33.00

(23,920,0s2) 6.t97.468

Profit/(Loss) before WPPF & WF

&

34.00

WF

Provision for incor-ne tax (Current)

3

Provision fbr income tax (Deferred)

36.00

5.00

Net Profit/(Loss)

(8s,2 r 6,441)

(4s,ss3,380)

(47,854,484)

66,485,533 61,054,092 613.913

347.000

67,099,446 (26,801,040)

605.299 ,t5,51 I,996

6t,401,082 (r2,012,1 l8)

6,499,948

( r3.82

37.00

l'he anncxedhotes lorm

sal-

sdl^ C'hai rnran

Director

sJlClhief Financial Ofllce r Place: Dhaka

f)atc: .ltrnuarr' 28. 20

1l.i

an

r.467)

3.124.423

46,799,354

52,530,476

35, I I 4,952

(2.t76.345)

(2.50 r.442)

(

71,314,233

44,622,006

50,029,034

33,471,635

(9.733.123)

( r ,598,868)

(6,543,73s)

(r.366.208)

(3.715.7

r2)

59,755,641 43,023,139 41,246,314 (llPS)

44,906,697

3,141,512

78,029,945

ProfiU(Loss) before Income Tax

E,arnings Per Share

1 1?

95,752,529

Finance costs

Clontribution to WPPF

1r+.ttot.ot+,11

0.57

0.43

r.643.3

I

7)

32,105,427

0.40

0.32

integral part ofthese financial statements.

s Jl^ Managine I)irecror & (lfrO

SJ}" (lornpanv Secrctarl

Information Technology Consultants Limited Statement of Changes in Equify For the 2nd Quarter ended 31 Decemb er 2017 Provisional & Un-audited Paid-up

Particulars

Canital Taka

llalance as at 0l Jul1, 2017

1.000.500.000

Share Premium Taka

Retained

Revaluation

Earninss

Reserve

Taka

Taka

294,578,430

t0t.9t7.927

Net profit lor the period 40,020,000

3l

- 2017)

December 2017

1,040,520,000

Particulars Balance as at 0l

Ju11,

20

I6

294,578,430

(60.030.000)

(60,030,000)

(r 12.r28)

(r 12.128)

61,511,440

226,197,806

Paid-up

Share

Retained

Revaluation

Premium

Earninss

Reserve

Taka

Taka

Taka

Taka

870.000,000

294,578,430

r r8,044,308

237.456.401

43.02:1.138

Stock dividend (201 5-201 6)

r30.500,000

I,000,500,000

Note: Opening retained earnings as on

0l

Total Equity Taka I

.520.079.139

43.023.r38

(624.060'

December 2016

1,622,797,676

( r 30,500,000

Prior vear adjustment

3l

r,623.r84.t63 59.755.641

Canital

Net profit for the period

Balance as at

226,187,806

(40,020.000)

Prior year adjustrnent Balance as at

Taka

59,7 55.641

Stock dividend (2016 - 2017) Cash dividend (2016

Total Equity

294,578,430

29,943,386

(621,060) 237,456,401

1,562,479,217

July 2016 has carried restated amount based on Auclited report 2016-2017.

'l-he annered notes form an integral part ofthese financial statements.

sJ\Chairman

sJk Chief Financial Offlcer

s&k Director

S A}Marraging Director & CEO

sJ

l-

Company Secretarl,

Information Technology Consultants Limited Statement of Cash Flows For the 2nd Quarter ended 31 December 2017 Provisional & Un-audited Jul to Dec'17 Taka

A.

Jul to Dec'16

Cash flows from operating activities Cash receipts lrom customers/sales

502.4t0.779

484. I 5 1.845

Cash generated frorn/(paid to) suppliers

(239.771.506)

(288.121,541)

Cash gcnelated ltom/(paid fbr) operating activities

(177.012.597)

(r0

r.2.16.068)

Interest paid

(23.e20.052

(26,801

lncome taxes paid

(14.192.873

(I

Net cosh provided by/(used in) operoting octivities

47,480,751

5.645,994)

52,337,202

B. Cash flows from investing activities Purchase of property. planr

& equipment (WIp)

Purchase of propertv, plant

& equipment - DR (WIp)

Purchase

of intangiblc

assets

Purchase ofproperty. plant Purchase

of intangible

(r r,691,506)

r0.027.454)

(r68

(WIp)

(8.968.702

& equipment

(1.237.142 (9.602.303

assets

I)urchase of proper11,. plant

(

(30.272.601

& equipment - Lease assets

Proceeds fiom disposal ofproperty. plant

&

(6.r67.3r8)

equipment

49.876

Interest received

6.t9'7.468

Net cosh provided by/(used in) investing uctivities

(14,630,740)

6.499.948 (s0,7s6,997)

C. Cash flows from financing activities Proceeds from/(Payrnent

ol) IpO subscription refund

Proceeds from/(Payment

ol) secured loan

Proceeds from/(Payment

ofl

lease

(

liabilities

ATM

(7 r 0,548)

r.266,549)

(5.325.332)

(35 r,086)

Proceeds from/(Pavrnent ot) bank overdraft I)roceeds fiom/(Pa1,mcnr ot) ITC-eOOL

r0.079

(

(43.e69. pro.ject

I

82)

(2. I 00.000)

Net c'ash provided by/(usetl in) Jinoncing uctivities

4.226.258 (6.984.636) (3.675.000

(17,696,896)

(12,469,258)

D. Net changes in cash and cash equivalents (A+B+C) E. Cash and cash equivalents at beginning ofthe period

( r 4.846.885)

( r 0.889.053 )

| 53 .207 .67 6

46.3 77.885

F. Cash and

138,360,791

35,488,832

cash equivalents at end of the period

Nct Opcratine ('ash FIorvs per Sharc (NOUFpS)

0.52

a

'I'lre

SAK (lhairman

sdk Chiel'

I-

inancill Ofllccr

annexed notes lbrm arr integral parl o1'these flnancial slatements

sIk Director

s&k \.{anagnrg f)ircctor

&

sdl'

C'l-_O

( rrlilp.ut) \crlr'l.Lt)