Confidence Cement Limited

Statement of Financial Position

As at 30 June 2019
Particulars 2019 2018 2017 2016 2015
Property, plant and equipment 4,093,734,733 4,155,322,547 1,766,555,329 1,853,306,834 1,896,917,743
Investment 80,687,100 101,031,513 366,394,526 243,548,486 237,880,191
Investments in Associates 1,234,663,513 601,894,256 236,399,868 267,913,984 115,498,510
Capital Work in Progress 88,685,132 90,948,685 2,269,837,541 1,194,498,749 717,995,652
Total Non Current Assets 5,497,770,478 4,949,197,001 4,639,187,264 3,559,268,053 2,968,292,096
Inventories 581,686,668 756,294,567 524,279,873 381,681,467 332,229,685
Trade receivables 950,872,727 1,022,013,946 859,585,226 762,689,419 762,506,403
Other receivables 100,141,507 80,017,915 128,391,767 118,852,516 108,617,307
Cash and cash equivalents 113,779,851 49,425,599 863,557,551 138,339,620 181,636,433
Short term investments 250,000,000 250,000,000 - - 148,488,500
Investment in FDR - - 130,613,000 144,599,563 -
Prepayments 1,599,824,851 1,025,494,236 578,440,993 1,129,272,069 1,066,239,279
Total Current Assets 3,596,305,604 3,183,246,263 3,084,868,410 2,675,434,654 2,599,717,607
TOTAL ASSETS 9,094,076,082 8,132,443,264 7,724,055,674 6,234,702,707 5,568,009,703
Share capital 647,906,680 539,922,240 449,935,200 449,935,200 449,935,200
Retained earnings 2,180,660,604 1,927,454,004 1,726,156,151 1,160,040,844 924,785,719
Revaluation Reserve 497,952,337 537,636,210 577,705,317 677,083,695 697,895,048
General reserve 371,862,754 371,862,754 371,862,754 371,862,754 371,862,754
Share Premium 658,089,549 658,089,549 658,089,549 658,089,549 658,089,549
SHAREHOLDERS'' EQUITY- PARENT COMPANY 4,356,471,924 4,034,964,757 3,783,748,971 3,317,012,042 -
Total EQUITY 4,356,471,924 4,034,964,757 3,783,748,971 3,317,012,042 3,102,568,270
Long Term Debt 1,451,421,874 89,641,795 - 3,150,562 4,308,212
Deferred tax liability 231,406,533 209,785,503 210,536,218 225,734,977 233,009,491
Employee benefits 65,891,283 64,086,475 56,764,840 49,696,235 45,418,465
Total Non CURRENT LIABILITIES 1,748,719,690 363,513,773 267,301,058 278,581,774 282,736,168
Trade payables/Creditors & accruals 293,656,866 478,082,235 275,486,883 187,691,730 213,756,386
Short-term debt - - 3,186,091,585 1,962,552,995 1,669,718,246
Short Term bank loan 2,233,086,153 3,069,653,003 - - -
WPPF & WF - - 5,218,933 28,775,767 17,714,133
Current portion of term loan& lease finance - - 4,149,813 17,280,000 28,080,000
Current tax liabilities 54,909,346 60,237,568 78,429,344 182,413,304 130,788,807
Current portion of long term debt 262,615,385 - - - -
Other CURRENT LIABILITIES 144,616,718 125,991,928 123,629,087 260,395,095 122,647,693
Total CURRENT LIABILITIES 2,988,884,468 3,733,964,734 3,673,005,645 2,639,108,891 2,182,705,265
TOTAL LIABILITIES 4,737,604,158 4,097,478,507 3,940,306,703 2,917,690,665 2,465,441,433
TOTAL EQUITY AND LIABILITIES 9,094,076,082 8,132,443,264 7,724,055,674 6,234,702,707 5,568,009,703
Book value per share 67.23918827 74.73233103 84.09542021 73.72199468 68.96
 Confidence Cement Limited
Statement of Profit and Loss
For the years 2015-2019
Particulars 2019 2018 2017 2016 2015
Revenue 4,832,893,768 3,916,783,517 3,629,375,210 3,613,744,024 3,637,270,887
Costs of Sales 4,474,549,860 3,588,143,790 2,994,024,933 2,822,740,758 3,067,034,586
Gross Profit 358,343,908 328,639,727 635,350,277 791,003,266 570,236,301
Other Operating Income 25,403,759 8,194,787 5,944,919 5,739,074 5,031,830
General and administrative expenses 100,052,790 107,518,706 98,094,548 85,285,513 -
Sales and marketing/ Distribution expenses 194,675,717 192,191,403 376,765,113 250,705,363 83,090,427
Operating Profit/ (loss) 89,019,160 37,124,405 166,435,535 460,751,464 411,413,654
Contribution to Workers'' Profit Participation and Welfare Funds - - 5,218,933 20,049,443 17,714,133
Finance Expenses 238,096,429 118,053,117 - - 86,159,601
Finance Income 22,332,364 7,871,029 - - 29,028,602
Other revenues and profits 2,332,107 45,322,357 213,713,185 164,746,572 (44,764,406)
Share of profit/ (loss) in Associate Company 591,769,257 369,974,388 237,759,285 164,746,572 76,397,956
Profit / (loss) Before Tax 467,356,459 342,239,062 550,632,198 565,501,886 368,202,072
Income Tax Expense (78,088,914) (36,373,020) (52,508,054) (105,741,661) (42,061,997)
Current Tax (43,239,926) (23,895,777) - - -
Deferred Tax (34,848,988) (12,477,243) - - -
Profit / (loss) for the Period 389,267,545 305,866,042 498,124,144 459,760,225 326,140,075
Earnings Per Share - Basic 6.01 5.67 11.07 10.22 7.25
 Confidence Cement Limited
Statement of Cash Flow
For the years 2015-2019

Particulars 2019 2018 2017 2016 2015

Cash received from customers 4,932,400,852 3,763,630,678 3,538,733,039 3,404,797,236 3,620,279,622
Payment to suppliers (5,141,923,045) (4,120,201,004) (2,897,902,445) (2,892,536,998) (3,057,928,940)
Income tax paid (48,568,148) (42,087,553) (158,082,668) (99,359,106) (99,359,106)
Interest Paid (216,100,881) (110,474,696) (62,056,874) (59,762,609) (57,130,999)
Net Cash Generated from Operating Actvities (474,191,222) (509,132,575) 420,691,052 353,138,523 405,860,577
Purchase of Property, Plant & Equipment (153,755,538) (406,762,790) (1,115,308,501) (764,475,400) (487,328,356)
Proceeds on Sale of Property, Plant & Equipment 5,357,226 2,044,916 1,582,570 6,456,741 5,123,551
Dividend paid 1,733,933 13,769,559 8,029,887 9,593,308 7,569,588
Investment Income Received - - - (1,847,200) (1,847,200)
Increase/(Decrease) in short term loans/ Investments - 300,000 13,986,563 (22,670,563) (22,389,500)
Proceeds from sale of quoted investments held for sale 16,886,449 296,927,129 9,735,205 5,955,801 7,855,801
Sale proceeds of ECPV ltd. Share - - 333,043,193 - -
Received from unquoted share of ECPVL Chittagong Ltd. - - 5,000,000 - -
paid to associated companies (41,000,000) - - - -
Investment in shares - (119,387,000) - - -
Net Cash Flow from Investing Activities (170,777,930) (213,108,186) (743,931,083) (766,987,313) (491,016,116)
Repayment of Long term debt - - (3,150,562) (74,717,130) (62,735,431)
Issuance (Repayment) of short-term debts (573,951,465) (120,588,395) 1,210,408,403 655,388,195 366,436,121
Dividends Paid - Preference Shares (78,842,025) (61,237,198) (158,799,879) (90,552,861) (105,024,684)
Long term loan & lease finance 1,361,780,079 89,641,795 - - -
Net Cash Flow Financing Activities 708,986,589 (92,183,798) 1,048,457,962 490,118,204 198,676,006
Foreign currency translation adjustment 336,815 292,608 - - -
Increase (decrease) in Cash 64,017,437 (814,424,559) 725,217,931 76,269,414 113,520,467
Cash at the begning of the period 49,425,599 863,557,551 138,339,620 62,070,206 68,115,966
Cash at the end of the period 113,443,036 49,425,600 863,557,551 138,339,620 181,636,433
Cash Flow Per share (7.32) (9.43) 9.35 7.85 9.02

Notes:
Depriciation Expenses 467,356,459 195,473,322 126,721,211 126,426,979 187,226,808
Total Outstanding Share 64,790,668 53,992,224 44,993,520 44,993,520 44,993,520
Market Price per Share 155.60 156.50 116.07 80.07 86.60
Total Purchase 3,696,028,147 2,931,305,326 2,413,050,261 2,256,098,170 3,636,657,257
 Ratio Formula 2018-2019 Working Calculations 2017-2018 Working Calculations 2016-2017 Working Calculations 2015-2016 Working Calculations 2014-2015 Working Calculations
Short-term Solvency Ratios:
𝑇𝑜𝑡𝑎𝑙 𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐴𝑠𝑠𝑒𝑡𝑠 3,596,305,604 3,183,246,263 3,084,868,410 2,675,434,654 2,599,717,607
Current Ratio 0.853
𝑇𝑜𝑡𝑎𝑙 𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 2,988,884,468 3,733,964,734 3,673,005,645 2,639,108,891 2,182,705,265
1.203 0.840 1.014 1.191
𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐴𝑠𝑠𝑒𝑡𝑠 − 𝐼𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑖𝑒𝑠 3,596,305,604 − 581,686,668 3,084,868,410 − 756,294,567 3,084,868,410 − 524,279,873 2,675,434,654 − 381,681,467 2,599,717,607 − 332,229,685
Quick Ratio 0.650
𝑇𝑜𝑡𝑎𝑙 𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 2,988,884,468 3,733,964,734 3,673,005,645 2,639,108,891 2,182,705,265
1.009 0.697 0.869 1.039
𝐶𝑎𝑠ℎ 113,779,851 49,425,599 863,557,551 138,339,620 181,636,433
Cash Ratio 0.013 2,182,705,265
𝑇𝑜𝑡𝑎𝑙 𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 2,988,884,468 3,733,964,734 3,673,005,645 2,639,108,891
0.038 0.235 0.052 0.083
𝑇𝑜𝑡𝑎𝑙 𝑊𝑜𝑟𝑘𝑖𝑛𝑔 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 3,596,305,604 − 2,988,884,468 3,084,868,410 − 3,733,964,734 3,084,868,410 − 3,673,005,645 2,675,434,654 − 2,639,108,891 2,599,717,607 − 2,182,705,265
Net Working Capital to Total Assets -0.068 7,724,055,674 5,568,009,703
𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 9,094,076,082 8,132,443,264 6,234,702,707
0.067 -0.076 0.006 0.075
Activity Ratios:
𝑇𝑜𝑡𝑎𝑙 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 4,832,893,768 3,916,783,517 3,629,375,210 3,613,744,024 3,637,270,887
Total Asset Turnover 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 0.482
9,094,076,082 8,132,443,264 7,724,055,674 6,234,702,707 5,568,009,703
0.531 0.470 0.580 0.653
𝑇𝑜𝑡𝑎𝑙 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 4,832,893,768 3,916,783,517 3,629,375,210 3,613,744,024 3,637,270,887
Net Fixed Turnover 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝐹𝑖𝑥𝑒𝑑 𝐴𝑠𝑠𝑒𝑡𝑠 0.943 1,766,555,329
1.181 4,093,734,733 4,155,322,547 2.054 1.950 1,853,306,834 1.917 1,896,917,743
𝑇𝑜𝑡𝑎𝑙 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 4,832,893,768 3,916,783,517 3,629,375,210 3,613,744,024 3,637,270,887
Equity Turnover 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑆ℎ𝑎𝑟𝑒ℎ𝑜𝑙𝑑𝑒𝑟𝑠 𝐸𝑞𝑢𝑖𝑡𝑦 0.971 4,356,471,924
4,356,471,924 3,783,748,971 3,317,012,042 3,102,568,270
1.109 0.959 1.089 1.172
𝑁𝑒𝑡 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝐶𝑎𝑠ℎ 𝐹𝑙𝑜𝑤 (474,191,222) (509,132,575) 420,691,052 353,138,523 405,860,577
Operating Cash Flow to Sales -0.130
𝑇𝑜𝑡𝑎𝑙 𝑆𝑎𝑙𝑒𝑠 4,832,893,768 3,916,783,517 3,629,375,210 3,613,744,024 3,637,270,887
-0.098 0.116 0.098 0.112
𝑇𝑜𝑡𝑎𝑙 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 4,832,893,768 3,916,783,517 3,629,375,210 3,613,744,024 3,637,270,887
Receivables Turnover 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑅𝑒𝑐𝑒𝑖𝑣𝑎𝑏𝑙𝑒𝑠 3.832
5.082587428 950,872,727 1,022,013,946 4.222 859,585,226 4.738 762,689,419 4.770 762,506,403
𝐷𝑎𝑦𝑠 𝑖𝑛 𝑃𝑒𝑟𝑖𝑜𝑑 365 365 365 365 365
Average Collection Period 95.240 4.738
𝑅𝑒𝑐𝑒𝑖𝑣𝑎𝑏𝑙𝑒𝑠 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟 5.0825 3.832 4.222 4.770
71.81381632 86.447 77.034 ⬚ 76.517
𝑇𝑜𝑡𝑎𝑙 𝑃𝑢𝑟𝑐ℎ𝑎𝑠𝑒 3,696,028,147 2,931,305,326 2,413,050,261 2,256,098,170 3,636,657,257
Payable Turnover 𝐴𝑐𝑐𝑜𝑢𝑛𝑡𝑠 𝑃𝑎𝑦𝑎𝑏𝑙𝑒 6.131
293,656,866 478,082,235 275,486,883 187,691,730 213,756,386
12.58621396 8.759 12.020 17.013
𝐷𝑎𝑦𝑠 𝑖𝑛 𝑃𝑒𝑟𝑖𝑜𝑑 365 365 365 365 365
Average Pay Period 𝑃𝑎𝑦𝑎𝑏𝑙𝑒 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟 12.5862 59.530
28.99998372 6.131 41.670 8.759 30.365 12.020 21.454 17.013
⬚
𝐶𝑜𝑠𝑡 𝑜𝑓 𝐺𝑜𝑜𝑑𝑠 𝑆𝑜𝑙𝑑 4,474,549,860 3,588,143,790 2,994,024,933 2,822,740,758 3,067,034,586
Inventory Turnover 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝐼𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑦 4.744
7.692 581,686,668 756,294,567 5.711 524,279,873 7.396 381,681,467 9.232 332,229,685
𝐷𝑎𝑦𝑠 𝑖𝑛 𝑃𝑒𝑟𝑖𝑜𝑑 365 365 365 365
Days in Inventory 365 76.933
𝐼𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑦 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟 4.744 5.711 7.396 9.232
47.44960733 7.692 63.915 49.354 39.538
Financial Leverage Ratios:
𝑇𝑜𝑡𝑎𝑙 𝐷𝑒𝑏𝑡 1,451,421,874 89,641,795 0 3,150,562 4,308,212
Debt Ratio 0.011
𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 9,094,076,082 8,132,443,264 7,724,055,674 6,234,702,707 5,568,009,703
0.160 0.000 0.001 0.001
𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 9,094,076,082 8,132,443,264 7,724,055,674 6,234,702,707 5,568,009,703
Equity Multiplier 2.015
𝑇𝑜𝑡𝑎𝑙 𝐸𝑞𝑢𝑖𝑡𝑦 4,356,471,924 4,356,471,924 3,783,748,971 3,317,012,042 3,102,568,270
2.087 2.041 1.880 1.795
𝐸𝐵𝐼𝑇 467,356,459 342,239,062 550,632,198 565,501,886 368,202,072
Interest Coverage 𝐼𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝐸𝑥𝑝𝑒𝑛𝑠𝑒 2.899 118,053,117
1.963 238,096,429 #DIV/0! 0 #DIV/0! 0 4.273 86,159,601
𝐿𝑜𝑛𝑔 𝑡𝑒𝑟𝑚 𝐷𝑒𝑏𝑡 1,451,421,874 89,641,795 0 3,150,562 4,308,212
Long-term Debt to Equity Ratio 𝑇𝑜𝑡𝑎𝑙 𝐸𝑞𝑢𝑖𝑡𝑦 0.022
0.333 4,356,471,924 4,356,471,924 0.000 3,783,748,971 0.001 3,317,012,042 0.001 3,102,568,270
𝐸𝐵𝐼𝑇 + 𝐷𝑒𝑝𝑟𝑒𝑐𝑖𝑎𝑡𝑖𝑜𝑛 467,356,459 + 467,356,459 342,239,062 + 195,473,322 550,632,198 + 126,721,211 565,501,886 + 126,426,979 368,202,072 + 187,226,808
Cash Coverage Ratio 𝐼𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝐸𝑥𝑝𝑒𝑛𝑠𝑒 4.555
3.926 238,096,429 118,053,117 #DIV/0! 0 #DIV/0! 0 6.447 86,159,601
𝐿𝑜𝑛𝑔 𝑡𝑒𝑟𝑚 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 5,497,770,478 4,949,197,001 4,639,187,264 3,559,268,053 2,968,292,096
Gearing Ratio 𝐿𝑜𝑛𝑔 𝑡𝑒𝑟𝑚 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 + 𝐸𝑞𝑢𝑖𝑡𝑦 0.551
5,497,770,478 + 4,356,471,924 4,949,197,001 + 4,356,471,924 4,639,187,264 + 3,783,748,971 3,559,268,053 + 3,317,012,042 2,968,292,096 + 3,102,568,270
0.558 0.551 0.518 0.489
Profitability Ratios:
𝐺𝑟𝑜𝑠𝑠 𝑃𝑟𝑜𝑓𝑖𝑡 358,343,908 328,639,727 635,350,277 791,003,266 570,236,301
Gross Profit Margin 𝑇𝑜𝑡𝑎𝑙 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝐼𝑛𝑐𝑜𝑚𝑒 0.084
0.074 4,832,893,768 3,916,783,517 0.175 3,629,375,210 0.219 3,613,744,024 0.157 3,637,270,887
𝑁𝑒𝑡 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝑃𝑟𝑜𝑓𝑖𝑡 89,019,160 37,124,405 166,435,535 460,751,464 411,413,654
Operating Profit Margin 𝑇𝑜𝑡𝑎𝑙 𝑆𝑎𝑙𝑒𝑠 0.009
0.018 4,832,893,768 3,916,783,517 0.046 3,629,375,210 0.127 3,613,744,024 0.113 3,637,270,887
⬚
𝑁𝑒𝑡 𝐼𝑛𝑐𝑜𝑚𝑒 389,267,545 305,866,042 498,124,144 459,760,225 326,140,075
Net Profit Margin 𝑇𝑜𝑡𝑎𝑙 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝐼𝑛𝑐𝑜𝑚𝑒 0.078
4,832,893,768 3,916,783,517 3,629,375,210 3,613,744,024 3,637,270,887
0.081 0.137 0.127 0.090
𝑁𝑒𝑡 𝐼𝑛𝑐𝑜𝑚𝑒 389,267,545 305,866,042 498,124,144 459,760,225 326,140,075
Return on Assets (ROA) 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 0.038
0.043 9,094,076,082 8,132,443,264 0.064 7,724,055,674 0.074 6,234,702,707 0.059 5,568,009,703
𝑁𝑒𝑡 𝐼𝑛𝑐𝑜𝑚𝑒 389,267,545 305,866,042 498,124,144 459,760,225 326,140,075
Return on Equity (ROE) 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑆ℎ𝑎𝑟𝑒ℎ𝑜𝑙𝑑𝑒𝑟𝑠 𝐸𝑞𝑢𝑖𝑡𝑦 0.076
0.089 4,356,471,924 4,356,471,924 0.132 3,783,748,971 0.139 3,317,012,042 0.105 3,102,568,270
𝐸𝐵𝐼𝑇 467,356,459 342,239,062 550,632,198 565,501,886 368,202,072
Return on Capital Employed (ROCE) 𝐸𝑞𝑢𝑖𝑡𝑦 + 𝐿𝑜𝑛𝑔 𝑡𝑒𝑟𝑚 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 0.038
467,356,459 + 4,356,471,924 4,356,471,924 + 4,949,197,001 3,783,748,971 + 4,639,187,264 3,317,012,042 + 3,559,268,053 3,102,568,270 + 2,968,292,096
0.047 0.065 0.082 0.061
Market Value Ratios:
𝑁𝑒𝑡 𝐼𝑛𝑐𝑜𝑚𝑒 − 𝐷𝑖𝑣𝑖𝑑𝑒𝑛𝑑𝑠 𝑜𝑛 𝑃𝑟𝑒𝑓𝑒𝑟𝑟𝑒𝑑 𝑆𝑡𝑜𝑐𝑘 389,267,545 305,866,042 498,124,144 459,760,225 326,140,075
Earning Per Share (EPS) 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑂𝑢𝑡𝑠𝑡𝑎𝑛𝑑𝑖𝑛𝑔 𝑆ℎ𝑎𝑟𝑒𝑠 5.67
6.01 64,790,668 53,992,224 11.07 44,993,520 10.22 44,993,520 7.25 44,993,520
𝑀𝑎𝑟𝑘𝑒𝑡 𝑃𝑟𝑖𝑐𝑒 𝑃𝑒𝑟 𝑆ℎ𝑎𝑟𝑒 156.50 116.07 80.07 86.60
155.60
Price-Earning Ratio 𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐴𝑛𝑛𝑢𝑎𝑙 𝐸𝑎𝑟𝑛𝑖𝑛𝑔 𝑃𝑒𝑟 𝑆ℎ𝑎𝑟𝑒 27.626 5.67 11.07
25.898 6.01 10.484 7.836 10.22 11.947 7.25
⬚ ⬚
𝑀𝑎𝑟𝑘𝑒𝑡 𝑃𝑟𝑖𝑐𝑒 𝑃𝑒𝑟 𝑆ℎ𝑎𝑟𝑒 155.60 156.50 116.07 80.07 86.60
Market-to-Book Ratio 2.094
𝐵𝑜𝑜𝑘 𝑉𝑎𝑙𝑢𝑒 𝑃𝑒𝑟 𝑆ℎ𝑎𝑟𝑒 67.23918827 74.73233103 84.09542021 73.72199468 68.96
2.314 1.380 1.086 1.256
 Meghna Cement Bangladesh Limited
Statement of Financial Position
As at 30 June 2019
Particulars 2019
Property, plant and equipment 854,452,000
Intangible assets 6,439,890
Capital Work in Progress 3,004,879,431
Total Non Current Assets 3,865,771,321
Inventories 537,762,578
Trade receivables 1,136,062,449
Cash and cash equivalents 447,185,833
Tax receivable 795,695,487
Prepayments 1,333,509,244
Other Current Assets -
Total Current Assets 4,250,215,591
TOTAL ASSETS 8,115,986,912
Share capital 247,504,400
Retained earnings 368,366,308
Revaluation Reserve 39,488,741
General reserve 166,000,000
SHAREHOLDERS'' EQUITY- PARENT COMPANY 821,359,449
Total EQUITY 821,359,449
Long Term Debt 1,781,502,433
Deferred tax liability 88,314,531
Deferred liability-Gratuity 136,317,660
Total Non CURRENT LIABILITIES 2,006,134,624
Trade payables/Creditors & accruals 847,046,178
Short-term debt -
Loan from Directors 3,594,858,182
WPPF & WF 6,009,164
Payable for other expenses 322,891,482
Payable for other finance 117,560,996
Advance received against land 101,719,284
Current portion of term loan& lease finance 187,951,059
Current tax liabilities 110,456,493
Total CURRENT LIABILITIES 5,288,492,838
TOTAL LIABILITIES 7,294,627,462
TOTAL EQUITY AND LIABILITIES 8,115,986,911
Book value per share 33.19
 Meghna Cement Bangladesh Limited
Statement of Profit and Loss
For the year ended 30 june 2019
Particulars 2019
Revenue 7,709,220,427
Costs of Sales 6,926,720,679
Gross Profit 782,499,748
Other Operating Income 110,721,322
General and administrative expenses 226,371,366
Sales and marketing/ Distribution expenses 221,689,702
Operating Profit/ (loss) 445,160,002
Contribution to Workers'' Profit Participation and Welfare Funds 6,009,164
Finance Expenses 318,967,554
Finance Income -
Profit / (loss) Before Tax 120,183,284
Income Tax Expense (47,979,331)
Current Tax (59,847,306)
Deferred Tax 11,867,975
Profit / (loss) for the Period 72,203,953
Earning Per Share(EPS) 2.92
 Meghna Cement Bangladesh Limited
Statement of Cash Flow
For the year ended 30 june 2019

Particulars 2019
Cash received from customers 9,060,704,828
Payment to suppliers (6,884,534,149)
Income tax paid (154,340,678)
Other receipts 110,721,322
VAT paid (1,156,164,820)
Net Cash Generated from Operating Actvities 976,386,503
Purchase of Property, Plant & Equipment (2,262,332,767)
Proceeds on Sale of Property, Plant & Equipment -
Net Cash Flow from Investing Activities (2,262,332,767)
Repayment of Long term debt 535,684,565
Issuance (Repayment) of short-term debts 640,734,145
Dividends Paid - Preference Shares (5,530,030)
Interest paid on short term loan (318,967,554)
Net Cash Flow Financing Activities 851,921,126
Increase (decrease) in Cash (434,025,138)
Cash at the begning of the period 881,210,972
Cash at the end of the period 447,185,834
Cash Flow Per share 39.45

Notes:
Purchased 5,901,892,550
Depreciation 129,133,318
Market price per share 89.60
Total Outstanding Share 24,750,440
 Ratio Formula 2018-2019 Working Calculations
Short-term Solvency Ratios:
𝑇𝑜𝑡𝑎𝑙 𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐴𝑠𝑠𝑒𝑡𝑠 4,250,215,591
Current Ratio
𝑇𝑜𝑡𝑎𝑙 𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 0.804 5,288,492,838
𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐴𝑠𝑠𝑒𝑡𝑠 − 𝐼𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑖𝑒𝑠 4,250,215,591
Quick Ratio
𝑇𝑜𝑡𝑎𝑙 𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 0.702 5,288,492,838
𝐶𝑎𝑠ℎ 447,185,833
Cash Ratio
𝑇𝑜𝑡𝑎𝑙 𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 0.085 5,288,492,838
𝑇𝑜𝑡𝑎𝑙 𝑊𝑜𝑟𝑘𝑖𝑛𝑔 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 4,250,215,591 − 5,288,492,838
Net Working Capital to Total Assets
𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 -0.128 8,115,986,912
Activity Ratios:
𝑇𝑜𝑡𝑎𝑙 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 7,709,220,427
Total Asset Turnover
𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 0.950 8,115,986,912
𝑇𝑜𝑡𝑎𝑙 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 7,709,220,427
Net Fixed Turnover
𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝐹𝑖𝑥𝑒𝑑 𝐴𝑠𝑠𝑒𝑡𝑠 9.022 854,452,000
𝑇𝑜𝑡𝑎𝑙 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 7,709,220,427
Equity Turnover
𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑆ℎ𝑎𝑟𝑒ℎ𝑜𝑙𝑑𝑒𝑟𝑠 𝐸𝑞𝑢𝑖𝑡𝑦 9.386 821,359,449
𝑁𝑒𝑡 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝐶𝑎𝑠ℎ 𝐹𝑙𝑜𝑤 976,386,503
Operating Cash Flow to Sales
𝑇𝑜𝑡𝑎𝑙 𝑆𝑎𝑙𝑒𝑠 0.127 7,709,220,427
𝑇𝑜𝑡𝑎𝑙 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 7,709,220,427
Receivables Turnover
𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑅𝑒𝑐𝑒𝑖𝑣𝑎𝑏𝑙𝑒𝑠 6.786 1,136,062,449
𝐷𝑎𝑦𝑠 𝑖𝑛 𝑃𝑒𝑟𝑖𝑜𝑑 365
Average Collection Period
𝑅𝑒𝑐𝑒𝑖𝑣𝑎𝑏𝑙𝑒𝑠 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟 53.788 6.786
𝑇𝑜𝑡𝑎𝑙 𝑃𝑢𝑟𝑐ℎ𝑎𝑠𝑒 5,901,892,550
Payable Turnover
𝐴𝑐𝑐𝑜𝑢𝑛𝑡𝑠 𝑃𝑎𝑦𝑎𝑏𝑙𝑒 6.968 847,046,178
𝐷𝑎𝑦𝑠 𝑖𝑛 𝑃𝑒𝑟𝑖𝑜𝑑 365
Average Pay Period
𝑃𝑎𝑦𝑎𝑏𝑙𝑒 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟 52.385 6.968
𝐶𝑜𝑠𝑡 𝑜𝑓 𝐺𝑜𝑜𝑑𝑠 𝑆𝑜𝑙𝑑 6,926,720,679
Inventory Turnover
𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝐼𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑦 12.881 537,762,578
𝐷𝑎𝑦𝑠 𝑖𝑛 𝑃𝑒𝑟𝑖𝑜𝑑 365
Days in Inventory
𝐼𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑦 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟 28.337 12.881
Financial Leverage Ratios:
𝑇𝑜𝑡𝑎𝑙 𝐷𝑒𝑏𝑡 1,781,502,433
Debt Ratio
𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 0.220 8,115,986,912
𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 8,115,986,912
Equity Multiplier
𝑇𝑜𝑡𝑎𝑙 𝐸𝑞𝑢𝑖𝑡𝑦 9.881 821,359,449
𝐸𝐵𝐼𝑇 120,183,284
Interest Coverage
𝐼𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝐸𝑥𝑝𝑒𝑛𝑠𝑒 0.377 318,967,554
𝐿𝑜𝑛𝑔 𝑡𝑒𝑟𝑚 𝐷𝑒𝑏𝑡 1,781,502,433
Long-term Debt to Equity Ratio
𝑇𝑜𝑡𝑎𝑙 𝐸𝑞𝑢𝑖𝑡𝑦 2.169 821,359,449
𝐸𝐵𝐼𝑇 + 𝐷𝑒𝑝𝑟𝑒𝑐𝑖𝑎𝑡𝑖𝑜𝑛 120,183,284 + 129,133,318
Cash Coverage Ratio
𝐼𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝐸𝑥𝑝𝑒𝑛𝑠𝑒 0.782 318,967,554
𝐿𝑜𝑛𝑔 𝑡𝑒𝑟𝑚 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 3,865,771,321
Gearing Ratio
𝐿𝑜𝑛𝑔 𝑡𝑒𝑟𝑚 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 + 𝐸𝑞𝑢𝑖𝑡𝑦 0.825 3,865,771,321 + 821,359,449
Profitability Ratios:
𝐺𝑟𝑜𝑠𝑠 𝑃𝑟𝑜𝑓𝑖𝑡 782,499,748
Gross Profit Margin
𝑇𝑜𝑡𝑎𝑙 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝐼𝑛𝑐𝑜𝑚𝑒 0.102 7,709,220,427
𝑁𝑒𝑡 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝑃𝑟𝑜𝑓𝑖𝑡 445,160,002
Operating Profit Margin
𝑇𝑜𝑡𝑎𝑙 𝑆𝑎𝑙𝑒𝑠 0.058 7,709,220,427
⬚
𝑁𝑒𝑡 𝐼𝑛𝑐𝑜𝑚𝑒 72,203,953
Net Profit Margin
𝑇𝑜𝑡𝑎𝑙 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝐼𝑛𝑐𝑜𝑚𝑒 0.009 7,709,220,427
𝑁𝑒𝑡 𝐼𝑛𝑐𝑜𝑚𝑒 72,203,953
Return on Assets (ROA)
𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 0.009 8,115,986,912
𝑁𝑒𝑡 𝐼𝑛𝑐𝑜𝑚𝑒 72,203,953
Return on Equity (ROE)
𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑆ℎ𝑎𝑟𝑒ℎ𝑜𝑙𝑑𝑒𝑟𝑠 𝐸𝑞𝑢𝑖𝑡𝑦 0.088 821,359,449
𝐸𝐵𝐼𝑇 120,183,284
Return on Capital Employed (ROCE)
𝐸𝑞𝑢𝑖𝑡𝑦 + 𝐿𝑜𝑛𝑔 𝑡𝑒𝑟𝑚 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 0.026 821,359,449 + 3,865,771,321
Market Value Ratios:
𝑁𝑒𝑡 𝐼𝑛𝑐𝑜𝑚𝑒 − 𝐷𝑖𝑣𝑖𝑑𝑒𝑛𝑑𝑠 𝑜𝑛 𝑃𝑟𝑒𝑓𝑒𝑟𝑟𝑒𝑑 𝑆𝑡𝑜𝑐𝑘 72,203,953
Earning Per Share (EPS)
𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑂𝑢𝑡𝑠𝑡𝑎𝑛𝑑𝑖𝑛𝑔 𝑆ℎ𝑎𝑟𝑒𝑠 2.92 24,750,440
𝑀𝑎𝑟𝑘𝑒𝑡 𝑃𝑟𝑖𝑐𝑒 𝑃𝑒𝑟 𝑆ℎ𝑎𝑟𝑒 89.6
Price-Earning Ratio
𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐴𝑛𝑛𝑢𝑎𝑙 𝐸𝑎𝑟𝑛𝑖𝑛𝑔 𝑃𝑒𝑟 𝑆ℎ𝑎𝑟𝑒 30.71 2.92
𝑀𝑎𝑟𝑘𝑒𝑡 𝑃𝑟𝑖𝑐𝑒 𝑃𝑒𝑟 𝑆ℎ𝑎𝑟𝑒 89.6
Market-to-Book Ratio
𝐵𝑜𝑜𝑘 𝑉𝑎𝑙𝑢𝑒 𝑃𝑒𝑟 𝑆ℎ𝑎𝑟𝑒 2.70 33.19