IDLC Finance Limited

Balance Sheet
As at December 31, 2008.
Amounts in Taka
Note 2007 2008
ASSET
Non-current assets
Property & Equipment ###
Intangible asset 2866639
Investment in subsidiary companies 50999800
Investment in non-marketable securities ###
Defferred tax assets 17751467
Lease receavable:
Gross lease receavable-net of current maturity ###
Unearned lease income-net of current maturity ###
Advance for leases 54071249

Direct finance-net of current maturity:

Long-term finance ###
Real estate finance ###
Car loans ###
Personal loans 34991535

Total non-current asset

Current asset
Account receavable ###
Advance, deposites and prepayments ###
Investment in marketable securities ###
Inter-company receavable 13871018
Margin loans to port folio investors ###
Short-term finance ###
Current maturity of gross lease receavables ###
Current maturity of unearned lease income ###
Current maturity of direct finance ###
Fixed deposite ###
Cash & cash equivalents 84995814
Total current assets
Total assets
SHAREHOLDERS EQUITY AND LIABILITIES

Equity
Shareholders fund:
Share capital ###
Share premium 3750000

Reserves and surplus:

General reserve ###
Divident equilaisation reserve 46500000
Retained Earnings ###

Total equity

Non-current liabilities
Secured long-term loans - net of current maturity ###
Unsecured long-term loans - net of current maturity ###
Refundable deposite-net of current maturity ###
Term deposites-net of current maturity ###
Liabilities under finance lease- net of current maturity 3968119
Deferred liability-employee gratuity 34194178
Portfolio investors fund 32444486
Fund from CIDA for LEIC project 12581868
Interest suspends accounts 40816964
Provision for doubtful accounts & future losses ###
Total non-current liabilities

Current liabilities
Current maturity of long-term loans, deposites & advances ###
Short-term loans ###
Payable & accrude expense ###
Porovision for current taxation ###
Inter-company payables 8325853
Unpaid divident 1923500

Total current liabilities

Total liabilities
Total equity & liabilities
ited
nts in Taka
2009
IDLC Finance Limited
Profit & loss Account
for the year ended December 31, 2008
Amount in taka
Note 2007 2008
Operational revenue
Income from lease finance ###
Income from real estate finance ###
Income from term finance ###
Income from short-term finance 48081940
Income from car loans 56411191
Income from investment in securities ###
Income from structured finance 16993619
Income from personal loans 44024780
Fees for management of leic 4237863

Less: Operational expense

Financial expense ###
General & administrative expense ###
Depreciation on property & equipment 30945884
Amortisation of intangible assets 2201070
Allowance for doubtful accounts and future losses ###
Other operational expense 2778298

Profit on merchant banking operation

(as per separate profit & loss account enclosed)
Operating profit
Other income
Profit befpre taxation
LESS: tax expense
Current tax ###
Deferred tax 115685

Profit after taxation

Earnings per share
IDLC Finance Limited
Merchant Banking Operation
Profit & loss Account
for the year ended December 31, 2008
Amount in taka
Note 2007 2008
Operational revenue
Underwriting commossion
Custodial fees 12500
Issue management fees 397700
Income from portfolio management service ###

Less: Operational expense

Financial expense ###
General & administrative expense 16068765
Depreciation on property & equipment 1718998
Provision for mergin loan 16786002
Other operational expense 15784973

Profit from operation

mited
unt in taka
2009
ted
n

unt in taka
2009
 IDLC Finance Limite
Case Flow Statement
for the year ended December 31, 2008

Note
A) Cash flows from operating activities
Receipts from operational revenue
Interest payments
Cash payments to employees & suppliers

Cash generated from operating activities before changes in operating assets/liabilities

(Increase)/decrease in operating assets:

Lease receavable
Long term finance
Real estate finance
Car loans
Personal loans
Investment in non-marketable securities
Investment in marketable securities
Margin loans to port folio investors
Accounts receavable from advances
Funds from CIDA for LEIC project

Increase/(decrease) in operating liabilities:

Accounts payable
Increase in lease advance & term deposites

Net cash used in operating activities before income tax & other income
other income
Income tax paid

Net cash used in operating activities

B) Cash flows from investing activities

Purchase of property & equipment
Disposal of property & equipment
Acquisition of in tangible assets
Net cash used in investing activities
C) Cash flows from financing activities
Drawdown of long term loans
Repayaments of long termloans
Term Deposites
Net drawdown of short term loans
Divident paid
Net cash from financing activities

D) Net (decrease)/increase in cash & cash equivalents (A+B+C

E) cash & cash equivalents at January 1

F) cash & cash equivalents at December 31 (D+E)

Limited
nt
Amount in taka
2007 2008 2009

###
###
###

ssets/liabilities

###
###
###
555472
-44408101
-3216500
68088270
###
539395490
-42389672

343697676
132929621

108841772
###

-35338056
2478994
-2742375
 ###
###
###
252132907
-29491571

alents (A+B+C)