AFTAB AUTOMOBILES LIMITED

FIRST QUARTERLY REPORT

2011-2012
Dear Shareholder,
As per SEC-Notification No. SEC/CMRRCD/2008-183/Admin/03-34 dated september
27,2009 , we are pleased to forward herewith the un-audited statement of Comprehensive
Income for the 1st Quarter ended November 30,2011 and the Statement of Financial
Position of the company on that date.

Sd/Managing Director
Dated, Dhaka.
January 12, 2012

Aftab Automobiles Limited and its Subsidiaries

Un-Audited consolidated Statement of Comprehensive Income
For the Ist Quarter ended November 30, 2011

Particulars

(Amount in "000" Tk. )

Period ended
Period ended
30/11/11
30/11/10
BD Taka
BD Taka

Revenues

744,604

692,395

Less: Cost of sales

550,208

509,853

Gross profit

194,396

182,542

Less: Operating expenses

84,705

54,088

Administrative expenses
Selling and distribution expenses
Financial charges

16,559
37,503
30,643

13,091
32,796
8,201

109,691

128,454

20,289

556,154

129,980

684,608

26,349

52,567

103,631

632,041

Non-controlling interests

103,627
4

632,031
10

Total comprehensive income for the period

103,631

632,041

1.52

1.74

Operating profit
Add: Non-operating income

Profit before tax

Less : Provision for Income tax
Total comprehensive income for the Period
Attributable to:
Equity holders of the company

Earnings per share (Excluiding share Income)

Earnings per share (Considering share income )

Sd/Managing Director

9.24

Sd/Chief Financial Officer

Aftab Automobiles Limited and its Subsidiaries

Un-Audited consolidated Statement of Financial Position
As at November 30, 2011
Amount in '000' Tk
30/11/11
31/08/11
BD Taka
BD Taka
Assets :
Non-current assets
Property, plant and equipment
Capital work in process
Investments
Total non-current assets

1,068,235
141,207
20,461
1,229,903

925,583
280,952
20,461
1,226,996

Current assets
Stock and stores
Trade debtors
Income tax deducted at source
Advance, deposits and prepayments
Cash and bank balances
Total current assets :

1,029,409
1,259,701
257,027
968,946
773,364
4,288,447

1,111,292
1,306,735
235,737
995,339
794,796
4,443,899

Total Assets

5,518,350

5,670,895

Equity and Liabilities :

Capital & reserves
Share capital
Share premium
Reserve
Retained earnings
Equity attributable to equity holders
Non-controling interest
Total equity

683,803
1,925,859
67,338
1,510,046
4,187,046
428
4,187,474

569,836
1,925,859
67,338
1,520,386
4,083,419
424
4,083,843

25,310
25,310

25,310
25,310

Current liabilities :
Short term loan
Accrued and other current liabilities
Total current liabilities :

818,513
487,053
1,305,566

840,060
721,682
1,561,742

Total liabilities

1,330,876

1,587,052

Total Equity and Liabilities

5,518,350

5,670,895

61.23

71.66

Non-current liabilities
Loan and deferred liabilities (unsecured)
Total non-current liabilities

Net assets value per share (NAVPS )

Sd/Managing Director

Sd/Chief Financial Officer

Aftab Automobiles Limited and its Subsidiaries

Un-audited consolidated Statement of Changes in Equity
For the First Quarter ended November 30,2011

Purticulars

Balance at August 31, 2010

Comprehensive income for the period
Balance at November 30, 2010

Balance at August 31, 2011

Issue of bonus share

Comprehensive income for the period
Balance at November 30, 2011

Sd/Managing Director

Share
capital

(Amount in "000" Tk. )

Share
premium

Reserves

Retained
earnings

Attributable
to equity
holders of
the company

Noncontrolling
interest

Total

BD Taka

BD Taka

BD Taka

BD Taka

BD Taka

BD Taka

BD Taka

438,335

1,925,859

67,338

775,466

3,206,998

349

3,207,347

632,031

632,031

10

632,041

438,335

1,925,859

67,338

1,407,497

3,839,029

359

3,839,388

569,836

1,925,859

67,338

1,520,387

4,083,419

424

4,083,843

(113,967)

103,627

103,627

103,631

67,338

1,510,046

4,187,046

428

4,187,474

113,967
683,803

1,925,859

Sd/Chief Financial Officer

Aftab Automobiles Limited and its Subsidiaries

Un-audited consolidated Statement of Cash Flows
For the First Quarter ended November 30,2011

Particulars

(Amount in "000" Tk. )

Period ended
Period ended
30/11/11
30/11/10
BD Taka
BD Taka

A. Cash flows from operating activities

Receipts from customers
Receipts as other income
Payments to suppliers and employees

791,638
20,289
(625,645)

662,140
556,154
(720,018)

Cash generated from operations

186,282

498,276

Income tax paid

(21,290)

(36,870)

Net cash generated by operating activities

164,992

453,205

Acquisition of property, plant & equipment

Sale of shares (cost Price )

(17,909)
-

(202,568)
15,152

Net cash used investing activities

(17,909)

(187,416)

Repayment of bank loan

Bank interest paid
Repayment of other Finance

(21,547)
(30,643)
(116,325)

(64,980)
(8,201)
(142,032)

Net cash provided by/(used in) financing activities

(168,515)

(215,213)

D. Net changes in cash & cash equivalents for the period (A+B+C)

(21,432)

58,777

E. Cash & cash equivalents at beginning of the period

794,796

748,237

F. Cash & cash equivalents at end of the period (D+E)

773,364

807,014

2.41

6.63

B. Cash flows from investing activities

C. Cash flows from financing activities

Net operating cash flows per share (NOCFPS)

Sd/Managing Director

Sd/Chief Financial Officer