Trend Analysis

Income Statement
Baraka Power

Particulars 2019 2018

Net revenue 4,060,472,271 3,580,312,392
Less: Cost of revenue 2,977,850,552 2,480,147,595
Gross profit 1,082,621,719 1,100,164,797
Add: Other income 38,199,569 18,114,624
Less: Administrative and selling expenses 223,369,096 263,397,610
Income from operation 859,252,623 854,881,811
Less: Financial charge 388,822,087 320,645,118
Less: Contribution to Workers' Profit Participation
Funds (WPPF) 38,978,311 19,734,790
Profit before tax 469,651,794 514,501,903
Loss from Associates 15,143,887 -1,333,724
Over Provision in prior year's Income Tax Expense 0 0
Less: Provision for Income Tax 70,304,258 -61,824,130
Net profit after tax 414,491,423 451,344,049
Baraka Power

Increase or Decrease (During 2019)

Amount Percent
480,159,879 13.41%
497,702,957 20.07%
(17,543,078) -1.59%
20,084,945 110.88%
(40,028,514) -15.20%
4,370,812 0.51%
68,176,969 21.26%
19,243,521 97.51%

(44,850,109) -8.72%
16,477,611 -1235.46%
- 0.00%
132,128,388 -213.72%
(36,852,626) -8.17%
 2016 2015

6,420,608,109.00 10,012,534,686.00
4,350,205,466.00 6,760,139,272.00
2,070,402,643.00 3,252,395,414.00
254,699,888.00 265,931,917.00
220,506,620.00 386,578,880.00
2,104,595,911.00 3,131,748,451.00
225,751,390.00 569,657,062.00
9,126,999.00 91,321,093.00

2,321,220,302.00 3,610,084,420.00
0 0.00
2,321,220,302.00 3,610,084,420.00
 Trend Analysis
Balance Sheet
Baraka Power

2019 2018
Particulars
Amount Amount
Property, Plant and Equipment 6,025,538,372 6,196,766,201
Intangible assets 443,000 626,167
Capital work-in progress 6,325,741,009 23,476,058
Goodwill on Acquisition 31,969,000 31,969,000
Investment in subsidiary and Associate - 66,378,776
Investment in Subsidiary 48,712,500 -
Investment in Associate 217,810,163 -
Investment in bonds and shares 0 3,601,600
IPO Expenses 0 0
Pre-operating Expenses 15,576,329 18,496,891
Total non-current assets 12,665,790,373 6,337,713,093
Inventories 990,236,189 1,030,053,744
Account Receivable 1,112,077,207 0
Receivables/Trade and other receivables 0 1,547,246,813
Other Receivables 752,746,756 0
Investment in marketable securities 10,436,648 0
Inter company receivables 0 301,823,891
Advances, deposits and prepayments 532,592,981 819,314,924
Group current accounts 1,302,842,075 0
Cash and cash equivalents 153,207,284 134,067,192
Total current assets 4,854,139,140 3,836,108,164
TOTAL ASSETS 17,519,929,513 10,173,821,257
Share capital 2,200,613,660 2,000,557,880
Share premium 970,000,000 970,000,000
Fair Value Reserve -1,580,684 -217,157
Retained earnings 885,376,323 789,802,008
Non-controlling interest 836,974,616 877,191,969
Total equity 4,891,383,915 4,637,334,700
Finance Lease Liability-Non Current Maturity 13,340,771 1,774,396
Loan from other than Bank 0 0
Long term loan 2,801,387,071 2,436,990,095
Asset requirement obligation(ARO) 0 0
Provision for Gratuity 28,889,428 18,276,803
Total non-current liabilities 2,843,617,270 2,457,041,294
Current portion of long term loan 616,865,369 502,670,464
Finance Lease Liability-Current Maturity 0 0
Obligation under finance lease 3,327,833 528,676
Short term loan 3,941,585,182 1,576,139,819
Trade creditors/Payables 912,125,773 859,623,277
Liabilities for Expenses 26,895,891 16,527,465
Provision for income tax 76,537,234 102,644,688
Deferred Liabilities 4,155,458,300 0
Payable for WPPF 38,978,311 19,734,790
Other liabilities 13,154,435 1,576,084
Total current liabilities 9,784,928,328 3,079,445,263
Total liabilities 12,628,545,598 5,536,486,557
TOTAL EQUITY AND LIABILITIES 17,519,929,513 10,173,821,257
 Increase or Decrease (During 2019)
Amount Percent
(171,227,829) -2.76%
(183,167) -29.25%
6,302,264,951 26845.50%
- 0.00%
(66,378,776) -100.00%
48,712,500 100.00%
217,810,163 100.00%
(3,601,600) -100.00%
- 0.00%
(2,920,562) -15.79%
6,328,077,280 99.85%
(39,817,555) -3.87%
1,112,077,207 100.00%
(1,547,246,813) -100.00%
752,746,756 100.00%
10,436,648 100.00%
(301,823,891) -100.00%
(286,721,943) -35.00%
1,302,842,075 100.00%
19,140,092 14.28%
1,018,030,976 26.54%
7,346,108,256 72.21%
200,055,780 10.00%
- 0.00%
(1,363,527) 627.90%
95,574,315 12.10%
(40,217,353) -4.58%
254,049,215 5.48%
11,566,375 651.85%
- 0.00%
364,396,976 14.95%
- 0.00%
10,612,625 58.07%
386,575,976 15.73%
114,194,905 22.72%
 - 0.00%
2,799,157 529.47%
2,365,445,363 150.08%
52,502,496 6.11%
10,368,426 62.73%
(26,107,454) -25.43%
4,155,458,300 100.00%
19,243,521 97.51%
11,578,351 734.63%
6,705,483,065 217.75%
7,092,059,041 128.10%
7,346,108,256 72.21%
Baraka Power Limited
Symbol : BARKAPOWER
Sector : Fuel & Power Board : Main

DS
Particulars 2019 2018
Property, Plant and Equipment 6,025,538,372 6,196,766,201
Intangible assets 443,000 626,167
Capital work-in progress 6,325,741,009 23,476,058
Goodwill on Acquisition 31,969,000 31,969,000
Investment in subsidiary and Associate 0 66,378,776
Investment in Subsidiary 48,712,500 0
Investment in Associate 217,810,163 0
Investment in bonds and shares 0 3,601,600
IPO Expenses 0 0
Pre-operating Expenses 15,576,329 18,496,891
Total non-current assets 12,665,790,373 6,337,713,093
Inventories 990,236,189 1,030,053,744
Account Receivable 1,112,077,207 0
Receivables/Trade and other receivables 0 1,547,246,813
Other Receivables 752,746,756 0
Investment in marketable securities 10,436,648 0
Inter company receivables 0 301,823,891
Advances, deposits and prepayments 532,592,981 819,314,924
Group current accounts 1,302,842,075 0
Cash and cash equivalents 153,207,284 134,067,192
Total current assets 4,854,139,140 3,836,108,164
TOTAL ASSETS 17,519,929,513 10,173,821,257
Share capital 2,200,613,660 2,000,557,880
Share premium 970,000,000 970,000,000
Fair Value Reserve -1,580,684 -217,157
Retained earnings 885,376,323 789,802,008
Non-controlling interest 836,974,616 877,191,969
Total equity 4,891,383,915 4,637,334,700
Finance Lease Liability-Non Current Maturity 13,340,771 1,774,396
Loan from other than Bank 0 0
Long term loan 2,801,387,071 2,436,990,095
Asset requirement obligation(ARO) 0 0
Provision for Gratuity 28,889,428 18,276,803
Total non-current liabilities 2,843,617,270 2,457,041,294
Current portion of long term loan 616,865,369 502,670,464
Finance Lease Liability-Current Maturity 0 0
Obligation under finance lease 3,327,833 528,676
Short term loan 3,941,585,182 1,576,139,819
Trade creditors/Payables 912,125,773 859,623,277
Liabilities for Expenses 26,895,891 16,527,465
Provision for income tax 76,537,234 102,644,688
Deferred Liabilities 4,155,458,300 0
Payable for WPPF 38,978,311 19,734,790
Other liabilities 13,154,435 1,576,084
Total current liabilities 9,784,928,328 3,079,445,263
Total liabilities 12,628,545,598 5,536,486,557
TOTAL EQUITY AND LIABILITIES 17,519,929,513 10,173,821,257
Net Asset Value (NAV) 18.42 18.8
Balance Sheet

2017
5,961,118,111
0
612,000
30,147,495
0
0
0
13,374,031
0
21,417,453
6,013,295,059
954,028,350
0
1,444,678,282
0
0
0
249,122,000
0
105,027,429
2,766,230,092
8,779,525,151
1,739,615,550
970,000,000
-59,057
790,296,274
802,120,236
4,301,973,003
2,303,071
0
2,690,784,227
0
10,704,767
2,703,792,065
464,171,016
0
2,379,373
768,901,808
466,615,589
 4,876,500
43,608,227
0
16,184,549
52,906
1,505,186,678
4,776,139,262
8,382,670,318
19.39
Baraka Power Limited
Symbol : BARKAPOWER
Sector : Fuel & Power Board : Main

Particulars 2019
Net revenue 4,060,472,271
Less: Cost of revenue 2,977,850,552
Gross profit 1,082,621,719
Add: Other income 38,199,569
Less: Administrative and selling expenses 223,369,096
Income from operation 859,252,623
Less: Financial charge 388,822,087
Less: Contribution to Workers' Profit Participation Funds (WPPF)
38,978,311
Profit before tax 469,651,794
Loss from Associates 15,143,887
Over Provision in prior year's Income Tax Expense 0
Less: Provision for Income Tax 70,304,258
Net profit after tax 414,491,423
Consolidated Earnings Per Share (EPS) - Basic 1.71
 Income Statement

2018 2017
3,580,312,392 3,485,450,033
2,480,147,595 2,369,987,862
1,100,164,797 1,115,462,171
18,114,624 27,173,894
263,397,610 154,200,031
854,881,811 988,436,034
320,645,118 288,405,141

19,734,790 20,877,550
514,501,903 679,153,343
-1,333,724 0
0 484,997
-61,824,130 -69,083,031
451,344,049 610,555,309
1.75 2.63
Trend Analysis
Income Statement
MJL

Particulars 2019 2018

Revenue 21,454,612,720 18,467,638,287

Less: VAT 1,158,857,955 13,062,978,853
Net revenue 20,295,754,765 5,404,659,434
Less: Cost of revenue 15,408,665,445 340,618,918
Gross profit 4,887,089,320 460,888,582
Add: Other income 270,335,685 5,284,389,770
Less: Administrative and selling expenses 1,294,657,722 450,755,528
Income from operation 3,862,767,283 428,239,553
Less: Financial charge 804,547,398 5,306,905,745
Less: Contribution to Workers' Profit Participation - (32,533,280)
Funds (WPPF) - 5,274,372,465
Profit before tax 3,058,219,885 (4,878,666,192)
Less: Provision for Income Tax 950,600,182 861,489,145
Current tax 507,069,096 552,689,811
Deferred tax 443,531,086 308,799,334
Net profit after tax 2,107,619,703 2,292,107,794
MJL

Increase or Decrease (During 2019)

Amount Percent
2,986,974,433 16.17%
(11,904,120,898) -91.13%
14,891,095,331 275.52%
15,068,046,527 4423.73%
4,426,200,738 960.36%
(5,014,054,085) -94.88%
843,902,194 187.22%
3,434,527,730 802.01%
(4,502,358,347) -84.84%
32,533,280 -100.00%
(5,274,372,465) -100.00%
7,936,886,077 -162.69%
89,111,037 10.34%
(45,620,715) -8.25%
134,731,752 43.63%
(184,488,091) -8.05%

21,454,612,720
 2016 2015

6,420,608,109.00 10,012,534,686.00
4,350,205,466.00 6,760,139,272.00
2,070,402,643.00 3,252,395,414.00
254,699,888.00 265,931,917.00
220,506,620.00 386,578,880.00
2,104,595,911.00 3,131,748,451.00
225,751,390.00 569,657,062.00
9,126,999.00 91,321,093.00
2,321,220,302.00 3,610,084,420.00
0 0.00
2,321,220,302.00 3,610,084,420.00
 Trend Analysis
Balance Sheet
MJL

2019 2018
Particulars
Amount Amount
Property, Plant and Equipment 20,520,410,073 18,729,778,999
Intangible assets 1,122,976 7,793,021
Capital work-in progress 1,032,937,987 1,576,191,855
Deferred tax asset - -
Investment in subsidiary and 181,376,963 180,968,641
Associate
Available-for-sale financial assets 62,357,089 8,943,071
Total non-current assets 21,735,847,999 20,503,675,587
Inventories 2,438,559,769 2,217,792,197
Receivables/Trade and other 1,471,284,323 1,283,148,674
receivables
Inter Company Receivables 1,559,689,795 1,510,757,526
Advances, deposits and 1,669,613,376 1,118,370,553
prepayments
Advance Income Tax 3,210,211,467 2,567,539,312
Investments in fixed deposits 195,502,343 302,336,023
Cash and cash equivalents 339,015,890 507,536,158
Total current assets 10,946,234,052 9,578,251,076
TOTAL ASSETS 32,682,082,051 30,081,926,664
Share capital 3,167,520,270 3,016,685,980
Share premium 4,074,000,000 4,074,000,000
Share Money Deposits - -
Retained earnings 4,048,684,403 3,701,341,013
Non-controlling interest 2,038,259,982 1,637,459,306
Total equity 13,328,464,655 12,429,486,299
Deferred tax liabilities 907,827,255 464,296,170
Long term loan 2,173,212,314 808,893,908
Obligation under finance lease 0 114,114,037
Advance lease rental against 1,878,771,133 2,581,416,014
cylinder -Net off current
Total non-current maturity
liabilities 4,959,810,702 3,968,720,129
Current portion of long term loan 975,738,067 488,855,729
Short term loan 7,237,873,155 7,489,911,387
Bank overdraft 128,575,288 136,957,508
Trade creditors/Payables 665,247,323 1,116,242,673
Provision for income tax 3,834,396,844 3,327,327,748
Subscription money payable 15,189,649 15,173,185
Dividend Payable 44,264,896 39,021,759
Other liabilities 740,931,835 556,017,607
Total current liabilities 14,393,806,694 13,683,720,236
Total liabilities 19,353,617,396 17,652,440,365
TOTAL EQUITY AND LIABILITIES 32,682,082,051 30,081,926,664
 Increase or Decrease (During 2019)
Amount Percent
1,790,631,074 9.56%
(6,670,045) -85.59%
(543,253,868) -34.47%
- 0.00%
408,322 0.23%
53,414,018 597.27%
1,232,172,412 6.01%
220,767,572 9.95%
188,135,649 14.66%
48,932,269 3.24%
551,242,823 49.29%
642,672,155 25.03%
(106,833,680) -35.34%
(168,520,268) -33.20%
1,367,982,976 14.28%
2,600,155,387 8.64%
150,834,290 5.00%
- 0.00%
- 0.00%
347,343,390 9.38%
400,800,676 24.48%
898,978,356 7.23%
443,531,085 95.53%
1,364,318,406 168.66%
(114,114,037) -100.00%
(702,644,881) -27.22%
991,090,573 24.97%
486,882,338 99.60%
(252,038,232) -3.37%
(8,382,220) -6.12%
(450,995,350) -40.40%
507,069,096 15.24%
16,464 0.11%
5,243,137 13.44%
184,914,228 33.26%
 710,086,458 5.19%
1,701,177,031 9.64%
2,600,155,387 8.64%
MJL Bangladesh Limited
Symbol : MJLBD Sector : Fuel & Power Board : Main

DS
Particulars 2019 2018
Property, Plant and Equipment 20,520,410,073 18,729,778,999
Intangible assets 1,122,976 7,793,021
Capital work-in progress 1,032,937,987 1,576,191,855
Deferred tax asset 0 0
Investment in subsidiary and Associate 181,376,963 180,968,641
Investment in bonds and shares 62,357,089 8,943,071
Total non-current assets 21,735,847,999 20,503,675,587
Inventories 2,438,559,769 2,217,792,197
Receivables/Trade and other receivables 1,471,284,323 1,283,148,674
Inter company receivables 1,559,689,795 1,510,757,526
Advances, deposits and prepayments 1,669,613,376 1,118,370,553
Advance income tax 3,210,211,467 2,567,539,312
Investments in fixed deposits 195,502,343 302,336,023
Cash and cash equivalents 339,015,890 507,536,158
Total current assets 10,946,234,052 9,578,251,076
TOTAL ASSETS 32,682,082,051 30,081,926,664
Share capital 3,167,520,270 3,016,685,980
Share premium 4,074,000,000 4,074,000,000
Share Money Deposits 0 0
Retained earnings 4,048,684,403 3,701,341,013
Non-controlling interest 2,038,259,982 1,637,459,306
Total equity 13,328,464,655 12,429,486,299
Deferred tax liabilities 907,827,255 464,296,170
Long term loan 2,173,212,314 808,893,908
Obligation under finance lease 0 114,114,037
Advance lease rental against cylinder -Net off current maturity
1,878,771,133 2,581,416,014
Total non-current liabilities 4,959,810,702 3,968,720,129
Current portion of long term loan 975,738,067 488,855,729
Short term loan 7,237,873,155 7,489,911,387
Bank overdraft 128,575,288 136,957,508
Trade creditors/Payables 665,247,323 1,116,242,673
Provision for income tax 3,834,396,844 3,327,327,748
Subscription money payable 15,189,649 15,173,185
Dividend Payable 44,264,896 39,021,759
Other liabilities 740,931,835 556,017,607
Total current liabilities 14,393,806,694 13,683,720,236
Total liabilities 19,353,617,396 17,652,440,365
TOTAL EQUITY AND LIABILITIES 32,682,082,051 30,081,926,664
Net Asset Value (NAV) 35.64 41.20
Restated Net Asset Value 0 34.07
Balance Sheet

2017
15,105,398,399
15,529,349
1,051,877,448
200,160,699
167,450,000
24,392,763
16,564,808,658
1,367,434,202
1,315,027,930
1,815,954,367
831,608,255
2,093,163,457
706,997,471
513,587,912
8,723,548,366
25,288,357,024
3,016,685,980
4,589,200,000
0
2,931,920,590
612,362,953
11,150,169,523
355,657,536
1,048,233,375
354,076,602

0
1,757,967,513
609,870,007
4,871,639,827
934,772
593,183,828
2,781,882,183
15,023,185
34,110,217
3,401,685,662
12,380,219,988
14,138,187,501
25,288,357,024
34.93
0
MJL Bangladesh Limited
Symbol : MJLBD Sector : Fuel & Power Board : Main

Particulars 2019
Revenue 21,454,612,720
Less: VAT 1,158,857,955
Net revenue 20,295,754,765
Less: Cost of revenue 15,408,665,445
Gross profit 4,887,089,320
Add: Other income 270,335,685
Less: Administrative and selling expenses 1,294,657,722
Income from operation 3,862,767,283
Less: Financial charge 804,547,398
Less: Contribution to Workers' Profit Participation 0
Funds (WPPF)
Profit before tax 3,058,219,885 3,153,596,938 2,
Less: Provision for Income Tax 950,600,182 861,489,145
Current tax 507,069,096 552,689,811
Deferred tax 443,531,086 308,799,334
Net profit after tax 2,107,619,703
Consolidated Earnings Per Share (EPS) - Basic 5.87
 Income Statement

2018 2017
18,659,743,619 15,051,557,730
1,143,598,769 1,072,567,492
17,516,144,850 13,978,990,238
12,922,011,243 9,421,283,769
4,594,133,607 4,557,706,469
270,777,764 115,269,804
1,041,169,407 1,342,670,641
3,823,741,963 3,330,305,632
670,145,025 424,274,772
0 0

,058,219,885 3,153,596,938 2,906,030,860

950,600,182 861,489,145 777,313,736
507,069,096 552,689,811 701,415,662
443,531,086 308,799,334 75,898,074
2,292,107,794 2,128,717,124
7 6.91
Trend Analysis
Income Statement
Summit Power Ltd.

Particulars 2019 2018

Net revenue 30,471,632,393 18,467,638,287

Less: Cost of revenue 22,477,882,735 13,062,978,853
Gross profit 7,993,749,658 5,404,659,434
Add: Other income 236,552,632 340,618,918
Less: Administrative and selling expenses 567,814,762 460,888,582
Income from operation 7,662,487,528 5,284,389,770
Share of profit of equity-accounted investees 401,661,173 450,755,528
Less: Financial charge 702,407,988 428,239,553
Profit before tax 7,361,740,713 5,306,905,745
Less: Provision for Income Tax 79,125,310 (32,533,280)
Net profit after tax 7,282,615,403 5,274,372,465
mmit Power Ltd.

Increase or Decrease (During 2019)

Amount Percent
12,003,994,106 65.00%
9,414,903,882 72.07%
2,589,090,224 47.90%
(104,066,286) -30.55%
106,926,180 23.20%
2,378,097,758 45.00%
(49,094,355) -10.89%
274,168,435 64.02%
2,054,834,968 38.72%
111,658,590 -343.21%
2,008,242,938 38.08%

30,471,632,393
 2016 2015

6,420,608,109.00 10,012,534,686.00
4,350,205,466.00 6,760,139,272.00
2,070,402,643.00 3,252,395,414.00
254,699,888.00 265,931,917.00
220,506,620.00 386,578,880.00
2,104,595,911.00 3,131,748,451.00
225,751,390.00 569,657,062.00
9,126,999.00 91,321,093.00
2,321,220,302.00 3,610,084,420.00
0 0.00
2,321,220,302.00 3,610,084,420.00
 Trend Analysis
Balance Sheet
Summit Power Ltd.

2019 2018
Particulars
Amount Amount
Property, Plant and Equipment 40,153,454,293 39,052,567,510
Intangible assets 47,863,446 47,959,653
Capital work-in progress - -
Deferred tax asset 43,923,588 34,821,425
Investment in subsidiary and 6,084,406,955 5,708,245,782
Associate
Available-for-sale financial assets 3,955,793,693 4,320,803,275
Total non-current assets 50,285,441,975 49,164,397,645
Inventories 684,430,782 616,243,162
Receivables/Trade and other 11,856,589,210 9,177,390,005
receivables
Other Receivables 118,564,559 60,253,599
Advances, deposits and 1,348,074,663 445,348,212
prepayments
Cash and cash equivalents 5,843,296,539 4,881,992,406
Total current assets 19,850,955,753 15,181,227,384
TOTAL ASSETS 70,136,397,728 64,345,625,029
Share capital 10,678,772,390 10,678,772,390
Capital Reserve 1,668,093,205 1,668,093,205
Hedging reserve -333,801,733 -
Share premium 6,479,097,639 6,479,097,639
Fair Value Reserve 323,509,578 686,641,624
Currency translation reserve 62,494,928 33,270,616
Shares to be issued on - -
amalgamation
Retained earnings 14,754,154,182 12,849,427,782
Revaluation Surplus and Reserve 963,843,005 982,964,725
Non-controlling interest 7,251,258,808 3,521,273,883
Total equity 41,847,422,002 36,899,541,864
Redeemable preference shares-non 1,469,771,322 826,398,267
current
Deferred Liabilities 813,937,731 202,256,860
Long Term Loan- Net of Current - -
Maturity
Long term loan 10,088,328,323 5,401,218,269
Total non-current liabilities 12,372,037,376 6,429,873,396
Loans and borrowings 10,968,298,719 15,948,932,217
Current portion of long term loan - -
Redeemable preference shares- 157,509,885 157,279,653
current
Other payables and accruals 618,470,229 363,059,957
Project loan( short termbridge - -
financing)
Trade creditors/Payables 3,896,255,273 3,610,508,096
L/C liabilities - -
Due to affiliated company 200,929,205 878,000,000
Unpaid dividend 75,475,039 58,429,846
Total current liabilities 15,916,938,350 21,016,209,769
Total liabilities 28,288,975,726 27,446,083,165
TOTAL EQUITY AND LIABILITIES 70,136,397,728 64,345,625,029
 Increase or Decrease (During 2019)
Amount Percent
1,100,886,783 2.82%
(96,207) -0.20%
- 0.00%
9,102,163 26.14%
376,161,173 6.59%
(365,009,582) -8.45%
1,121,044,330 2.28%
68,187,620 11.07%
2,679,199,205 29.19%
58,310,960 96.78%
902,726,451 202.70%
961,304,133 19.69%
4,669,728,369 30.76%
5,790,772,699 9.00%
- 0.00%
- 0.00%
(333,801,733) 0.00%
- 0.00%
(363,132,046) -52.89%
29,224,312 87.84%
- 0.00%
1,904,726,400 14.82%
(19,121,720) -1.95%
3,729,984,925 105.93%
4,947,880,138 13.41%
643,373,055 77.85%
611,680,871 302.43%
- 0.00%
4,687,110,054 86.78%
5,942,163,980 92.41%
(4,980,633,498) -31.23%
- 0.00%
230,232 0.15%
255,410,272 70.35%
- 0.00%
 285,747,177 7.91%
- 0.00%
(677,070,795) -77.12%
17,045,193 29.17%
(5,099,271,419) -24.26%
842,892,561 3.07%
5,790,772,699 9.00%
 Common-Size Analysis
Balance Sheet
Summit Power Ltd.

2019
Particulars
Amount Percent
Property, Plant and Equipment 40,153,454,293 57.25%
Intangible assets 47,863,446 0.07%
Capital work-in progress - 0.00%
Deferred tax asset 43,923,588 0.06%
Investment in subsidiary and 6,084,406,955 8.68%
Associate
Available-for-sale financial assets 3,955,793,693 5.64%
Total non-current assets 50,285,441,975 71.70%
Inventories 684,430,782 0.98%
Receivables/Trade and other 11,856,589,210 16.91%
receivables
Other Receivables 118,564,559 0.17%
Advances, deposits and 1,348,074,663 1.92%
prepayments
Cash and cash equivalents 5,843,296,539 8.33%
Total current assets 19,850,955,753 28.30%
TOTAL ASSETS 70,136,397,728 100.00%
Share capital 10,678,772,390 15.23%
Capital Reserve 1,668,093,205 2.38%
Hedging reserve -333,801,733 -0.48%
Share premium 6,479,097,639 9.24%
Fair Value Reserve 323,509,578 0.46%
Currency translation reserve 62,494,928 0.09%
Shares to be issued on - 0.00%
amalgamation
Retained earnings 14,754,154,182 21.04%
Revaluation Surplus and Reserve 963,843,005 1.37%
Non-controlling interest 7,251,258,808 10.34%
Total equity 41,847,422,002 59.67%
Redeemable preference shares-non 1,469,771,322 2.10%
current
Deferred Liabilities 813,937,731 1.16%
Long Term Loan- Net of Current - 0.00%
Maturity
Long term loan 10,088,328,323 14.38%
Total non-current liabilities 12,372,037,376 17.64%
Loans and borrowings 10,968,298,719 15.64%
Current portion of long term loan - 0.00%
Redeemable preference shares- 157,509,885 0.22%
current
Other payables and accruals 618,470,229 0.88%
Project loan( short termbridge - 0.00%
financing)
Trade creditors/Payables 3,896,255,273 5.56%
L/C liabilities - 0.00%
Due to affiliated company 200,929,205 0.29%
Unpaid dividend 75,475,039 0.11%
Total current liabilities 15,916,938,350 22.69%
Total liabilities 28,288,975,726 40.33%
TOTAL EQUITY AND LIABILITIES 70,136,397,728 100.00%
Common-Size Analysis
Balance Sheet
Summit Power Ltd.

2018 2017
Amount Percent Amount Percent
39,052,567,510 60.69% 21,329,114,729 49.82%
47,959,653 0.07% 37,947,094 0.09%
- 0.00% - 0.00%
34,821,425 0.05% 23,248,750 0.05%
5,708,245,782 8.87% 5,257,490,254 12.28%
4,320,803,275 6.71% 3,786,733,686 8.85%
49,164,397,645 76.41% 30,434,534,513 71.09%
616,243,162 0.96% 527,357,519 1.23%
9,177,390,005 14.26% 6,563,528,734 15.33%
60,253,599 0.09% 100,760,659 0.24%
445,348,212 0.69% 271,114,363 0.63%
4,881,992,406 7.59% 4,913,073,317 11.48%
15,181,227,384 23.59% 12,375,834,592 28.91%
64,345,625,029 100.00% 42,810,369,105 100.00%
10,678,772,390 16.60% 10,678,772,390 24.94%
1,668,093,205 2.59% 1,668,093,205 3.90%
- 0.00% - 0.00%
6,479,097,639 10.07% 6,479,097,639 15.13%
686,641,624 1.07% 152,572,035 0.36%
33,270,616 0.05% - 0.00%
- 0.00% - 0.00%
12,849,427,782 19.97% 11,341,109,707 26.49%
982,964,725 1.53% 1,002,086,449 2.34%
3,521,273,883 5.47% 1,755,013,645 4.10%
36,899,541,864 57.35% 33,076,745,070 77.26%
826,398,267 1.28% 983,677,920 2.30%
202,256,860 0.31% 156,464,000 0.37%
- 0.00% - 0.00%
5,401,218,269 8.39% 5,755,334,936 13.44%
6,429,873,396 9.99% 6,895,476,856 16.11%
15,948,932,217 24.79% - 0.00%
- 0.00% 467,924,889 1.09%
157,279,653 0.24% - 0.00%
363,059,957 0.56% 253,572,841 0.59%
- 0.00% - 0.00%
 3,610,508,096 5.61% 2,073,268,567 4.84%
- 0.00% - 0.00%
878,000,000 1.36% - 0.00%
58,429,846 0.09% 43,380,882 0.10%
21,016,209,769 32.66% 2,838,147,179 6.63%
27,446,083,165 42.65% 9,733,624,035 22.74%
64,345,625,029 100.00% 42,810,369,105 100.00%
SUMMIT POWER LIMITED

Particulars 2019 2018

Property, Plant and Equipment 40,153,454,293 39,052,567,510
Intangible assets 47,863,446 47,959,653
Capital work-in progress 0 0
Deferred tax asset 43,923,588 34,821,425
Investment in subsidiary and 6,084,406,955 5,708,245,782
Associate
Available-for-sale financial assets 3,955,793,693 4,320,803,275
Total non-current assets 50,285,441,975 49,164,397,645
Inventories 684,430,782 616,243,162
Receivables/Trade and other 11,856,589,210 9,177,390,005
receivables
Other Receivables 118,564,559 60,253,599
Advances, deposits and prepayments 1,348,074,663 445,348,212
Cash and cash equivalents 5,843,296,539 4,881,992,406
Total current assets 19,850,955,753 15,181,227,384
TOTAL ASSETS 70,136,397,728 64,345,625,029
Share capital 10,678,772,390 10,678,772,390
Capital Reserve 1,668,093,205 1,668,093,205
Hedging reserve -333,801,733 0
Share premium 6,479,097,639 6,479,097,639
Fair Value Reserve 323,509,578 686,641,624
Currency translation reserve 62,494,928 33,270,616
Shares to be issued on amalgamation 0 0
Retained earnings 14,754,154,182 12,849,427,782
Revaluation Surplus and Reserve 963,843,005 982,964,725
Non-controlling interest 7,251,258,808 3,521,273,883
Total equity 41,847,422,002 36,899,541,864
Redeemable preference shares-non 1,469,771,322 826,398,267
current
Deferred Liabilities 813,937,731 202,256,860
Long Term Loan- Net of Current 0 0
Maturity
Long term loan 10,088,328,323 5,401,218,269
Total non-current liabilities 12,372,037,376 6,429,873,396
Loans and borrowings 10,968,298,719 15,948,932,217
Current portion of long term loan 0 0
Redeemable preference shares- 157,509,885 157,279,653
current
Other payables and accruals 618,470,229 363,059,957
Project loan( short termbridge 0 0
financing)
Trade creditors/Payables 3,896,255,273 3,610,508,096
L/C liabilities 0 0
Due to affiliated company 200,929,205 878,000,000
Unpaid dividend 75,475,039 58,429,846
Total current liabilities 15,916,938,350 21,016,209,769
Total liabilities 28,288,975,726 27,446,083,165
TOTAL EQUITY AND LIABILITIES 70,136,397,728 64,345,625,029
BALANCE SHEET

2017
21,329,114,729
37,947,094
0
23,248,750
5,257,490,254
3,786,733,686
30,434,534,513
527,357,519
6,563,528,734
100,760,659
271,114,363
4,913,073,317
12,375,834,592
42,810,369,105
10,678,772,390
1,668,093,205
0
6,479,097,639
152,572,035
0
0
11,341,109,707
1,002,086,449
1,755,013,645
33,076,745,070
983,677,920
156,464,000
0
5,755,334,936
6,895,476,856
0
467,924,889
-
253,572,841
0
2,073,268,567
0
0
43,380,882
2,838,147,179
9,733,624,035
42,810,369,105
Summit Power Limited
Symbol : SUMITPOWER
Sector : Fuel & Power Board : Main

Particulars 2019 2018

Net revenue 30,471,632,393 18,467,638,287
Less: Cost of revenue 22,477,882,735 13,062,978,853
Gross profit 7,993,749,658 5,404,659,434
Add: Other income 236,552,632 340,618,918
Less: Administrative and selling expenses 567,814,762 460,888,582
Income from operation 7,662,487,528 5,284,389,770
Share of profit of equity-accounted investees 401,661,173 450,755,528
Less: Financial charge 702,407,988 428,239,553
Profit before tax 7,361,740,713 5,306,905,745
Less: Provision for Income Tax 79,125,310 -32,533,280
Net profit after tax 7,282,615,403 5,274,372,465
Consolidated Earnings Per Share (EPS) - Basic 4.78 4.40
Income Statement

2017
16,213,948,333
11,849,136,720
4,364,811,613
232,521,863
419,007,008
4,178,326,468
910,023,786
496,802,160
4,591,548,094
3,985,150
4,595,533,244
3.76

30,471,632,393
 2016 2015
6,420,608,109.00 10,012,534,686.00
4,350,205,466.00 6,760,139,272.00
2,070,402,643.00 3,252,395,414.00
254,699,888.00 265,931,917.00
220,506,620.00 386,578,880.00
2,104,595,911.00 3,131,748,451.00
225,751,390.00 569,657,062.00
9,126,999.00 91,321,093.00
2,321,220,302.00 3,610,084,420.00
0 0.00
2,321,220,302.00 3,610,084,420.00
2.42 3.36