Remark HB Limited

Statement of Financial Position

As at 30 June 2022

Amounts in BDT
Notes
30.06.2022 30.06.2021
Assets
Non Current Assets
Property, Plant and Equipments 4.00 754,379,859 20,651,325
Right of Use Asset 5.00 94,595,514 -
Capital Work-in-Progress 6.00 140,094,842 -
Total Non Current Assets 989,070,215 20,651,325
Current Assets
Advance, Deposit & Prepayment 7.00 251,876,798 28,085,817
Intercompany Receivables 8.00 5,423,944 -
Other Receivable 9.00 546,738 3,047,637
Cash & Cash Equivalent 10.00 162,494,456 351,253,903
Total Current Assets 420,341,936 382,387,356
Total Assets 1,409,412,150 403,038,681

Liability & Equity

Equity
Share Capital 11.00 400,000,000 400,000,000
Retained Earnings 12.00 (166,320,773) (1,761,731)
Total Equity 233,679,227 398,238,269
Non Current Liability
Deferred Tax Liability 13.00 4,056,917 1,663,589
Loan from Directors 14.00 1,000,000,000 -
Lease Liability 15.00 84,666,063 -
Total Non Current Liabilities 1,088,722,980 1,663,589
Current Liabilities
Current Tax Liability 16.00 124,000 15,188
Accounts & Other Payables 17.00 69,870,973 3,121,636
Lease Liability 15.00 17,014,971 -
Total Current Liabilities 87,009,944 3,136,824
Total Liability & Equity 1,409,412,150 403,038,681
The annexed notes 1 to 23 form an integral part of these financial statements.

Chairman Vice-Chairman Managing Director

This is the Statement of Financial Position referred to our separate report of even date.

Dated, Dhaka ACNABIN

November 28, 2022 Chartered Accountants

Muhammad Aminul Hoque,FCA

Partner
ICAB Enrolment #1129

4
 Remark HB Limited
Statement of Profit or Loss and Other Comprehensive Income
For the Year Ended 30 June 2022

Amounts in BDT
Notes 01.07.2021 - 29.11.2020 -
30.06.2022 30.06.2021

Revenue - -
Cost of Goods Sold - -
Gross Profit - -
General and Administrative Expenses 19.00 (161,393,957) (5,658,996)
Selling & Distribution Expenses 20.00 (2,012,000) -
Operating Profit (163,405,957) (5,658,996)
Finance Cost 21.00 (7,903,500) (2,988)
Finance Income 18.00 9,252,556 5,579,029
Net Finance Income 1,349,056 5,576,041
Profit after Finance income (162,056,901) (82,955)
Non Operating Income/ (Expenses) - -
Profit before Tax (162,056,901) (82,955)
Current Year tax Expenses 22.01 (108,812) (15,188)
Deferred Tax (Expenses)/Income 22.02 (2,393,328) (1,663,589)
Net Profit for the Period (164,559,042) (1,761,731)
Other Comprehensive Income/(Loss) - -
Total Comprehensive Income for the year (164,559,042) (1,761,731)

The annexed notes 1 to 23 form an integral part of these financial statements.

Chairman Vice-Chairman Managing Director

This is the Statement of Profit or Loss and Other Comprehensive Income referred to our separate
report of even date.

Dated, Dhaka ACNABIN

November 27, 2022 Chartered Accountants

Muhammad Aminul Hoque,FCA

Partner
ICAB Enrolment #1129

5
 Remark HB Limited
Statement of Changes in Equity
For the Year Ended 30 June 2022

Amounts in BDT
Retained
Share Capital Total
Earnings

Balance as on 01 July 2021 400,000,000 (1,761,731) 398,238,269

Addition During the Year - - -
Net profit/ (loss) during the year - (164,559,042) (164,559,042)
Other Comprehensive Income - -
Balance as on 30 June 2022 400,000,000 (166,320,773) 233,679,227

Balance as on 29 November 2020 - - -

Addition During the Period 400,000,000 - 400,000,000
Net profit/ (loss) during the period - (1,761,731) (1,761,731)
Other Comprehensive Income - - -
Balance as on 30 June 2021 400,000,000 (1,761,731) 398,238,269

The annexed notes 1 to 23 form an integral part of these financial statements.

Chairman Vice-Chairman Managing Director

This is the Statement of Change in Equity referred to our separate report of even date.

6
 Remark HB Limited
Statement of Cash flows
For the Year Ended 30 June 2022
Amounts in BDT
30.06.2022 30.06.2021
Cash flows from Operating Activities
Net Profit/ Loss during year (164,559,042) (1,761,731)
Add:
Depreciation 6,817,397 -
Depreciation-Right of Use Asset 18,700,437 -
Adjustment of Income Tax Provision (FY 2020-21) 15,188 -
(Increase)/Decrease in Right of Use Asset (113,295,951) -
(Increase)/Decrease in Advance, Deposit & Prepayments (223,790,982) (28,085,817)
(Increase)/Decrease in Intercompany Receivables (5,423,944) -
(Increase)/Decrease in Other Receivable 2,500,899 (3,047,637)
Increase/(Decrease) in Current Tax Liability 108,812 15,188
Increase/(Decrease) in Accounts & Other Payables 66,749,337 3,121,636
Increase/(Decrease) in Lease Liability 101,681,034 -
Increase/(Decrease) in Deferred Tax Liability 2,393,328 1,663,589
Net Cash used in Operating Activities (A) (308,103,486) (28,094,772)

Cash Flows from Investing Activities

Acquisition of Property, Plant and Equipment (880,640,773) (20,651,325)
Net Cash Used in investing Activities (B) (880,640,773) (20,651,325)
Cash flows from Financing Activities
Proceeds from Paid up Capital - 400,000,000
Loan from Director 1,000,000,000 -
Net Cash Used in Financing Activities (C) 1,000,000,000 400,000,000
Net Increase/(decrease) in Cash & Cash Equivalents (A+B+C) (188,744,259) 351,253,903
Add: Cash & Cash Equivalents at the Beginning of the Year 351,253,903 -
Cash & Cash Equivalents at the end of the Period 162,509,644 351,253,903
The annexed notes 1 to 23 form an integral part of these financial statements.

_____________________
Chairman Vice-Chairman Managing Director
This is the Statement of Cash Flows referred to our separate report of even date.

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 20

Remark HB Limited
Notes to the Financial Statements
As at and for the Year Ended 30 June 2022
1.00 Reporting Entity
1.01 Company's Profile
Remark HB Limited (hereinafter referred to as 'The Company/RHBL') is a Private Limited
company incorporated on 29 November 2020, vide registration of incorporation number C-
166169/2020 in Bangladesh under the Companies Act 1994 and has its registered address at
Simpletree Anarkali, Level-9, Plot-03, Block- CWS(A), Holding-89, Gulshan Avenue, Gulshan 1,
Dhaka 1212.
1.02 Nature of Business
RHBL is engaged in manufacturing and marketing of consumer products, i.e. household,
toiletries, cosmetics and pharmaceuticals products. The Company is yet to start its commercial
production. Its manufacturing plant will be at Bausia, Gazaria, Munshiganj.
2.00 Basis of Preparation
2.01 Statement of Compliance
These Financial Statements have been prepared and disclosure of information are made in
accordance with International Accounting Standard (IASs) and International Financial
Reporting Standards (IFRSs) as adopted by Financial reporting Council (FRC) under the
Financial reporting Act, 2015 (FRA) and the Companies Act 1994 and other related local Laws
and regulations as applicable.
i. Application of International Accounting Standards (IASs) and International
Financial Reporting Standards (IFRSs)
Sl. No. IASs or IFRSs No. Name of IASs and IFRSs
1 IAS-1 Presentation of Financial Statements
2 IAS-7 Statements of Cash Flows
3 IAS-10 Events after reporting Period
4 IAS-12 Income Taxes
5 IAS-16 Property, Plant & Equipment
6 IAS-19 Employee Benefits
7 IAS-24 Related Party Disclosures
8 IAS-32 Financial Instruments: Presentation
9 IAS-37 Provisions, Contingent Liabilities and Contingent Assets
10 IAS-38 Intangible Assets
11 IFRS-7 Financial Instruments: Disclosure
12 IFRS-9 Financial Instruments
13 IFRS-16 Leases
ii. Compliances with other Local Laws and Regulations
These financial statements have also been prepared and related disclosure are disclosed
complying with the following other local laws and regulations:
a. The Income Tax Ordinance, 1984; Income Tax Rules 1984;
b. The Value Added Tax and Supplementary Duty Act 2012;
c. Value Added Tax and Supplementary Duty Rules 2016; and
d. The Customs Act 1969

2.02 Functional and Presentation Currency

These financial statements are presented in Bangladeshi Taka (Taka/Tk./BDT), which is both
the functional and presentation currency of the Company. All amounts have been rounded off
to the nearest taka, unless otherwise indicated.
2.03 Reporting Period
The financial year of the Company covers 12 (twelve) months from 1st July to 30 June and
the Company follows its reporting period consistently.

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2.04 Comparative and Rearrangements

Comparative information in respect of the preceding period. However, the Company was
incorporated on 29 November 2020 and FY 2020-21 was less than 12 months.
2.05 Basis of Measurement and Accounting
The financial statements of the Company have been prepared under the historical cost
convention and accrual basis
2.06 Going Concern basis of accounting
After making appropriate enquiries at the time of approving the financial statements, the
Board of Directors is satisfied that the Company has adequate resources to continue its
operation for foreseeable future and hence, the financial statements have been prepared on
going concern basis. As per management assessment there are no material uncertainties
related to events or conditions which may cast significant doubt upon the Company's ability to
continue as a going concern. However the management do not see any issue with respect to
going concern due to recent global economic crisis and not find any other material
uncertainties that may cast significant doubt upon the Company's ability to continue as a
going concern.
2.07 Use of Estimates and Judgements
In preparing these financial statements, management has made judgements, estimates and
assumptions that affect the application of the Company's accounting policies and the reported
amounts of assets, liabilities, income and expenses. Actual results may differ from these
estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognized in the period in which the estimate is revised and in any
future period affected.
Information about judgements made in applying accounting policies and assumptions and
estimation uncertainties that have the most significant effects on the amounts recognized in
the financial statements is included in the following notes:
Note# 13.00 Deferred Tax Liability
Note# 16.00 Current Tax Liability
3.00 Summary of Significant Accounting Policies
In preparing and presenting of these financial statements, the significant accounting policies
selected and applied by the Company for its significant transactions and events that have
material effect within the framework of IAS-1: Presentation of Financial Statements have been
consistently applied throughout the year.
For a better understanding of the users of these financial statements, these accounting
policies are set out below in one place as prescribed by IAS-1: Presentation of Financial
Statements. The recommendation of IAS-1relating to the format of financial statements was
also taken into consideration for fair presentation. The details of significant accounting policies
are set out below:
3.01 Consistency of significant accounting polices

Unless otherwise stated, the accounting policies and methods of computation as stated below
have been used in the preparation of Financial Statements for the year from 01 July 2021 to
30 June 2022 and are consistent with these policies and methods adopted in preparing the
Financial Statements . for the period from 29 November 2020 to 30 June 2021.

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3.02 Property, plant and equipment

i) Recognition and measurement
Property, plant and equipment (PPE) is recognised as an asset if it is probable that future
economic benefits associated with the asset will flow to the entity and the cost of the item can
be measured reliably.
An item of property, plant and equipment for recognition as an asset is initially recognized at
its acquisition and subsequently stated at cost less accumulated depreciation and impairment
losses, if any, in accordance with IAS-16: Property, Plant and Equipment. The cost of an item
property, plant & equipment comprises its purchase price, import duties and non-refundable
taxes, after deduction trade discount and rebates, and any costs directly attributable to
bringing the asset to the location and condition necessary for it to be capable of operating in
an intended manner.
ii) Subsequent cost
Subsequent cost of an item of property, plant and equipment is capitalised only if it is
probable that future economic benefits embodied within the item will flow to the Company
and its costs can be measured reliably. The costs of the day-to-day servicing of property,
plant and equipment are recognised in profit or loss as incurred.
Depreciation
No depreciation is charged on Land and Capital work in progress (CWIP) as the Land has an
infinite useful life and the CWIP asset has not yet been ready for use. Land development is
basically undertaken to fill up/ refurnish vacant land and bring it to useable conditions.
Depreciation on each class of property, plant and equipment other than Land & Land
Development and CWIP is recognized in the statement of profit or loss and other
comprehensive income based on the methods mentioned in the following table.
Depreciation of an asset begins when it is available for use i.e. when it is in the location and
condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged on addition of assets on day basis whenever the acquisition/addition
is available for use and in the case of disposal of assets, depreciation is charged up to the day
of declaration of assets held for disposal. The depreciation methods are used to reflect the
pattern in which the asset's economic benefits are consumed by the entity. The depreciation
charged for each period is recognized as an expense unless it is included in the carrying
amount of another asset.
Freehold land & land development is not depreciated.
The depreciation rates and methods used for the items of property, plant and equipment for
the current and comparative periods are as follows:
Particulars Rate Methods
Land & Land Development
Buildings & Building Development 2.50% Straight Line Method
Plant & Machinery 10% Straight Line Method
Furnitures & Fixture 10% Straight Line Method
Computer and Computer Accessories 30% Straight Line Method
Office Equipment 10% Straight Line Method
IT Equipment 30% Straight Line Method
Motor Vehicles 20% Straight Line Method
Factory Apparatus & Loose Tools 20% Straight Line Method
Lab Equipment 20% Straight Line Method
Electric Equipment & Lighting 10% Straight Line Method
Crockeries 30% Straight Line Method
Construction Equipment 10% Straight Line Method
Container & Container Development 10% Straight Line Method

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3.03 Leases
The Company has initially adopted IFRS 16 Leases from 01 July 2021. IFRS 16 provides for
the recognition, measurement, presentation and disclosure of leases.
As a Leasee
In financial year 2021-22, the Company leases official spaces for Head Office and R&D Office
and recognized Right of Use Assets and Lease Liabilities based on the present value of rentals
paid over the lease period. Right of Use Assets amortized over the lease period and payment
against lease liabilities also made accordingly.
3.04 Financial Instrument
A financial instrument is any contract that gives rise to a financial asset of one entity and a
financial liability or equity instrument of another entity.

a. Financial Assets
The Company initially recognizes receivables and term deposit on the date that they are
originated. All other financial assets are recognized initially on the trade date, which is the
date that the Company becomes a party to the contractual provisions of the instrument.
The entity derecognizes a financial asset when the contractual rights to the cash flows from
the asset expire, or it transfers the rights to receive the contractual cash flows in a transaction
in which substantially all the risks and rewards of ownership of the financial asset are
transferred. Any interest in such transferred financial assets that is created or retained by the
Company is recognized as a separate asset or liability. Non-derivative financial assets
comprise of Advance Deposit & prepayment, trade and other receivables, and cash and cash
equivalents and Short term Investment.
Advances, Deposits and Prepayments
Advances are initially measured at cost. After initial recognition, advances are carried at cost
less deductions, adjustments or charges to other account heads.
Deposits are measured at payment value.

Prepayments are initially measured at cost. After initial recognition, prepayments are carried
at cost less charges to the statement of profit or loss and other comprehensive income.

Other Receivable
Trade and other receivables are recognized initially at fair value. Subsequent to initial
recognition they are measured at amortized cost using the effective interest method, less any
impairment losses.
Cash and Cash Equivalents
Cash and cash equivalents comprise cash balances and cash deposits with maturity of three
months or less from the date of acquisition that are subject to an insignificant risk of changes
in their fair value, and are used by the Company in the management of its short term
commitments.
b. Financial Liability
Financial liabilities are recognized initially on the trade date at which the Company becomes a
party to the contractual provisions of the instrument. The Company derecognizes a financial
liability when its contractual obligations are discharged, cancelled or expired. Non-derivative
financial liabilities comprise trade and other payables.

Accounts and Other Payables

Trade and other payables are recognized at the amount payable for settlement in respect of
goods and services received by the Company.
3.05 Share Capital
Paid up capital represents total amount contributed by the shareholders issued by the
Company to the ordinary shareholders. Holders of ordinary shares are entitled to receive
dividends as declared from time to time and are entitled to vote at shareholders' meetings.
3.06 Accruals
Accruals are liabilities to pay for goods or services that have been received or supplied but
have not been paid, invoiced or formally agreed with the supplier, including amongst due to
employees. Accruals are reported as part of trade and other payables.

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3.07 Provisions and Contingencies

Provisions
A provision is recognized in the statement of financial position when the Company has a legal
or constructive obligation as a result of past event and it is probable that an outflow of
resources embodying economic benefits will be required to settle the obligation and a reliable
estimate thereof can be made.
Provisions are reviewed at the end of each reporting period and adjusted to reflect the current
best estimate. If it is no longer probable that an outflow of resources embodying economic
benefits are required to settle the obligation, the provisions are reversed.
Contingencies
A contingent liability is a possible obligation that arises from past events and whose existence
will be confirmed only by the occurrence or non-occurrence of one or more uncertain future
events not wholly within the control of the Company; or a present obligation that arises from
past events but is not recognized because it is not probable that an outflow of resources
embodying economic benefits will be required to settle the obligation; or the amount of the
obligation cannot be measured with sufficient reliability.
A contingent asset is a possible asset that arises from past events and whose existence will be
confirmed only by the occurrence or non-occurrence of one or more uncertain future events
not wholly within the control of the Company. We recognize any amount as an asset only if
recovery of that amount is virtually certain.
Contingent liabilities and assets are not recognized in the statement of financial position of the
Company. These are disclosed in the notes to the financial statements.

The Company has no contingent assets or liabilities which require disclosure under IAS-37
“Contingent assets and contingent liabilities” are not recognized in the financial statements.

3.08 Income Tax Expenses

Income tax expense comprises current and deferred tax. Current tax and deferred tax are
recognized in profit or loss except to the extent that it relates to a business combination, or
items recognized directly in equity or in other comprehensive income.
i) Current Tax
Current tax is the expected tax payable or receivable on the taxable income or loss for the
year, using tax rates enacted or substantively enacted at the reporting date, and any
adjustment to tax payable in respect of previous years. Provision for corporate income tax is
made following the rate applicable for companies as per Finance Act 2022 i.e. 30%.
ii) Deferred Tax
Deferred tax is recognized in respect of temporary differences between the carrying amounts
of assets and liabilities for financial reporting purposes and the amounts used for taxation
purposes. Deferred tax is measured at the tax rates that are expected to be applied to
temporary differences when they reverse, using tax rates enacted or substantively enacted by
the reporting date.
Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset
current tax liabilities and assets, and they relate to taxes levied by the same tax authority on
the same taxable entity, or on different tax entities, but they intend to settle current tax
liabilities and assets on a net basis or their tax assets and liabilities will be realized
simultaneously.

A deferred tax asset is recognized for unused tax losses, tax credits and deductible temporary
differences, to the extent that it is probable that future taxable profits will be available against
which they can be utilized. Deferred tax assets are reviewed at each reporting date and are
reduced to the extent that it is no longer probable that the related tax benefit will be realized.

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3.09 Finance Income and Finance Cost

Finance income comprises interest income on funds invested and is recognized as it accrues
in profit or loss using the effective interest method.
Finance cost comprise interest expense on borrowings and Bank Charges.
3.10 Statements of Cash Flows
Statements of cash flows is prepared in accordance with IAS 7: Statement of Cash Flow.
3.11 Offsetting
Financial assets and liabilities are offset and the net amount is reported in the financial
statements only when there is legally enforceable right to set-off the recognized amounts and
the Company intends either to settle on a net basis, or to realize the assets and to settle the
liabilities simultaneously.
3.12 Materiality and Aggregation
Each material class of similar items is presented separately in the financial statements. Items
of dissimilar nature or function are presented separately unless they are immaterial.
3.13 Events after the Reporting Period
In compliance with the requirements of IAS 10: Events after the Reporting Period, amounts
recognized in the financial statements are adjusted for events after the reporting period that
provide evidence of conditions that existed at the end of the reporting period.
3.14 Related Party Disclosures

As per International Accounting Standards (lAS) 24: "Related Party Disclosures", parties are
considered to be related if one of the parties has the ability to control the other party or
exercises significant influence over the other party in making financial and operating
decisions. The Company carried out transactions in the ordinary course of business on an
arm's length basis with its related parties which have been given in Note # 23.

3.15 Responsibility for Preparation and Presentation of Financial Statements

The management is responsible for the preparation and presentation of Financial Statements
under Section 183 of the Companies Act 1994; and as per provision of "International Financial
Reporting Standards (IFRS) for presentation of Financial Statements" issued by the
International Accounting Standard Board (IASB), and adoped by FRC under The Financial
Reporting Act, 2015.

Page 10
 Amount in BDT
30 June 2022 30 June 2021
4.00 Property, Plant and Equipments
Cost
Opening balance (01.07.2021) 20,651,325 -
Addition during the Year 740,545,931 20,651,325
Disposal During the Year - -
Closing Balance 761,197,256 20,651,325

Accumulated Depreciation
Opening balance (01.07.2021) - -
Charged during the Year 6,817,397 -
Disposal During the Year - -
Closing Balance 6,817,397 -
Written Down Value (WDV) 754,379,859 20,651,325
Details of Property, Plant and Equipments are given in Annexure-A.
5.00 Right of Use Asset
Cost
Opening balance (01.07.2021) - -
Addition during the Year 113,295,951 -
Disposal During the Year - -
Closing Balance 113,295,951 -

Accumulated Depreciation
Opening balance (01.07.2021) - -
Charged during the Year 18,700,437 -
Disposal During the Year - -
Closing Balance 18,700,437 -
Written Down Value (WDV) 94,595,514 -
6.00 Capital Work-in-Progress
Buildings & Building Development (Note: 6.01) 136,473,199 -
Motor Vehicles (Note: 6.02) 3,609,900 -
Lab Equipment (Note: 6.03) 11,743 -
140,094,842 -
6.01 Buildings & Building Development
Opening balance (01.07.2021) - -
Addition during the Year 136,473,199 -
Transferred to PPE During the Year - -
Closing Balance 136,473,199 -
6.02 CWIP_Motor Vehicles
Opening balance (01.07.2021) - -
Addition during the Year 18,586,634 -
Transferred to PPE During the Year (14,976,734) -
Closing Balance 3,609,900 -

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 Amount in BDT
30 June 2022 30 June 2021
6.03 CWIP_Lab Equipment
Opening balance (01.07.2021) - -
Addition during the Year 14,348,806 -
Transferred to PPE During the Year (14,337,063) -
Closing Balance 11,743 -
7.00 Advance, Deposit & prepayment
Advance Against Lease land - 6,713,725
Advance for Trademark 2,577,138 681,025
Advance Against Office Rent 13,948,000 20,205,567
Advance Income Tax (Note: 7.01) 1,555,485 253,140
Advance against Work 2,627,962 60,000
Advance to Vendor 19,316,902 172,360
Advance VAT 1,236,394 -
Advance against Foreign Procurement 48,471,109 -
Advance for Land 160,341,808 -
Security Deposit 1,802,000 -
Total 251,876,798 28,085,817
7.01 Advance Income Tax
AIT on FDR Interest 1,428,485 253,140
AIT on Trade License Fees 3,000 -
AIT on Car u/s 68B of ITO, 1984 124,000 -
1,555,485 253,140
8.00 Intercompany Receivables
Opening balance (01.07.2021) - -
Addition during the Year 13,128,944 -
Adjustment During the Year (7,705,000) -
Closing Balance 5,423,944 -
9.00 Other Receivable
Interest Receivable (Unrealized) 546,738 3,047,637
Total 546,738 3,047,637
10.00 Cash & Cash Equivalent
City Bank_3123079135001 32,694,216 18,958,516
Mutual Trust Bank_1310000000717 622,766 21,890
Eastern Bank_1041220486630 - -
Brac Bank_1501104731550001 - -
Eastern Bank_1041360524160 37,710,032 -
HSBC_007-002207 - -
Dhaka Bank_2261500000852 1,000,230 -
Cash in hand 467,212 273,497
Investment in FDR (Note-10.01) 90,000,000 332,000,000
Total 162,494,456 351,253,903

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 Amount in BDT
30 June 2022 30 June 2021
10.01 Investment in FDR
FD-375060/1306000019739 - 60,000,000
FD-375059/1306000019748 - 60,000,000
FD-375061/1306000019775 - 60,000,000
FD-375221/1306000050614 - 40,000,000
FD-375222/1306000050623 - 40,000,000
FD-375223/1306000050632 40,000,000 40,000,000
FD-375224/1306000050641 - 32,000,000
FDR# 1045710000034/0002079_EBL 20,000,000 -
FDR# 1045710000078/0002345_EBL 10,000,000 -
FDR# 1045710000098/0002346_EBL 20,000,000 -
Total 90,000,000 332,000,000
11.00 Share Capital
Authorized Share Capital
100,000,000 Ordinary Shares of Tk 10 each 1,000,000,000 1,000,000,000
Total 1,000,000,000 1,000,000,000
Paid up Capital
Opening Paid up capital 400,000,000 -
Add: Issued, Subscribed, Called up and Paid up Share
- 400,000,000
Capital during the Period (Note-11.01)
Total 400,000,000 400,000,000
11.01 Issued, Subscribed, Called up and Paid up Share Capital
Name No. of Share % of Holding Amount Amount
S M Ashraful Alam 20,000,000 50.00% 200,000,000 200,000,000
Sonia Akter 5,000,000 12.50% 50,000,000 50,000,000
Shahriar Alam Shuvo 9,000,000 22.50% 90,000,000 90,000,000
Fariha Alam Prova 6,000,000 15.00% 60,000,000 60,000,000
Total 40,000,000 400,000,000 400,000,000
12.00 Retained Earnings
Opening balance (01.07.2021) (1,761,731) -
Net profit after tax transferred from Income statement (164,559,042) (1,761,731)
Closing Balance (166,320,773) (1,761,731)
13.00 Deferred Tax Liability
Property, Plant and Equipments
Accounting Base 754,379,859 20,651,325
Tax Base 741,403,540 18,153,667
Taxable/(Deductible) Temporary Difference 12,976,319 2,497,658
Accrued Interest FDR
Accounting Base 546,738 3,047,637
Tax Base - -
Taxable/(Deductible) Temporary Difference 546,738 3,047,637
Total Taxable/(Deductible) Temporary Difference 13,523,057 5,545,295
Applicable Tax Rate 30% 30%
Related Tax Thereon 4,056,917 1,663,589
14.00 Loan from Directors
S M Ashraful Alam 500,000,000 -
Sonia Akter 125,000,000 -
Shahriar Alam Shuvo 225,000,000 -
Fariha Alam Prova 150,000,000 -
Total 1,000,000,000 -

Page 13
 Amount in BDT
30 June 2022 30 June 2021
15.00 Lease Liability
Opening balance (01.07.2021) - -
Addition during the year 113,295,951 -
Interest Charged during the year 7,548,923 -
Payment during the year (19,163,840) -
Closing Balance 101,681,034 -
Allocation:
Short Term Liability 17,014,971 -
Long Term Liability 84,666,063 -
Total 101,681,034 -
16.00 Current Tax Liability
Opening balance (01.07.2021) 15,188 -
Provision for Income Tax 108,812 15,188
Total 124,000 15,188
17.00 Accounts & Other Payable
Salary Payable 13,577,568 1,519,209
Accounts Payable 54,463,501 1,203,128
Audit Fee Payable 69,000 57,500
Vehicle Fuel & Maintenance Bill Payable 280,671 70,945
Internet Bill Payable - 14,333
Electricity & WASA Bill Payable 239,304 90,850
Security & Cleaning Charges Payable - 165,671
Mobile Bill Payable 102,031 -
TDS Payable 326,436 -
VDS Payable 8,053 -
Construction & Labor Bill Payable 804,408 -
Total 69,870,973 3,121,636

Page 14
 Amount in BDT
01.07.2021 - 29.11.2020 -
30.06.2022 30.06.2021

18.00 Finance Income

Interest Income Realized 8,705,818 2,531,392
Interest Income Unrealized 546,738 3,047,637
Total 9,252,556 5,579,029
19.00 General and Administrative Expenses
Office Rent 3,101,001 235,677
Pre-Opening Expenses - 251,863
Legal & Registration Fees 2,214,828 709,272
Salary & Allowances 99,582,221 3,586,690
Audit Fees 69,000 57,500
Professional and Consultancy Fees 851,085 75,000
Conveyance Expenses 200,808 710
Internet 441,517 14,333
Office Expenses 359,443 13,795
Security Services 1,301,846 57,536
Electricity Bill 1,155,944 77,809
WASA & Sewerage Bill 222,118 13,041
Printing & Stationery 1,315,186 34,619
Driver Fooding & Allowances 959,152 49,023
Vehicle Fuel 1,152,824 146,136
Meeting Expenses 3,190 2,150
Employee Fooding Expenses 1,939,467 82,909
Kitchen Amenities 309,569 7,573
Courier Expenses 24,140 1,920
Research & Development Expenses 16,176,685 82,512
Cleaning & Hygiene Expenses 1,444,013 152,558
Recruitment Expenses 723,690 6,370
Consumables for computer 122,452 -
Mobile & Telephone 502,231 -
TA/DA 88,951 -
Trade Association Subscription 132,058 -
Medical Expenses 241,476 -
Hire Charges Vehicles 415,243 -
Uniform Expenses 95,565 -
Gas Bill 59,500 -
Generator Fuel & Oil 18,163 -
Books & Periodicals 58,036 -
Dormitory 205,263 -
IT Expenses 389,459 -
Depreciation of Right of Use Asset 18,700,437 -
Depreciation 6,817,397 -
Total 161,393,957 5,658,996
20.00 Selling & Distribution Expenses
Advertisement 2,012,000 -
Total 2,012,000 -

Page 15
21.00 Finance Cost
Bank Charges 354,578 2,988
Interest Expenses-Lease 7,548,923 -
Total 7,903,500 2,988
22.00 Income Tax Expenses
Current Year Tax Expenses (Note-22.01) 108,812 15,188
Deferred Tax Expenses/(Income) (Note-22.02) 2,393,328 1,663,589
Total 2,502,140 1,678,777
22.01 Current Tax Expenses
Income Tax Expenses 108,812 15,188
Total 108,812 15,188
22.02 Deferred Tax Expenses/(Income)
Closing Deferred Tax Liability (Note-13.00) 4,056,917 1,663,589
Opening Deferred Tax Liability 1,663,589 -
Total 2,393,328 1,663,589
23.00 Related Party Disclosure under IAS 24

In accordance with IAS 24: Related Party Disclosures, the name of the related parties, the nature of the
transactions, and their balance at year-end have been set out below:

Amount in BDT
Receivable/(Payable)
Nature of Nature of Transaction During the year
Name of the at closing date
Relationshi Transaction
related party
p s 2021-2022 2020-2021 30.06.2022 30.06.201
Common
Remark Global Receivable/
Director/ 4,056,917 - - -
Expose (Payable)
Shareholder
Total 4,056,917 - - -

Page 16
23.00 Related Party Disclosure under IAS 24
In accordance with IAS 24: Related Party Disclosures, the name of the related parties, the nature of
the transactions, and their balance at year-end have been set out below:
Amount in BDT.
Transaction During Receivable/(Payable) at
Name of the Nature of Nature of the year closing date
related party Relationship Transactions
2021-2022 2020-2021 30.06.2022 30.06.201

Common
Remark Global Receivable/
Director/ 13,128,944 - 5,423,944 -
Expose (Payable)
Shareholder

Total 13,128,944 - 5,423,944 -

Page 17
Amount in BDT.

Page 18
 Annexure-A
Remark HB Limited
Schedule of Property, Plant & Equipment
as at 30 June 2022
Amount in BDT
Cost Depreciation
Disposal/ Balance Disposal/ Written down
Balance as Addition Charged Balance as
Particulars Adjustment Balance as on Rate (%) as on Adjustment value as on
on during the during the on
s during 30.06.2022 01.07.20 s during 30.06.2022
01.07.2021 period period 30.06.2022
the period 21 the period
Land & Land Development - 647,055,964 - 647,055,964 - - - - 647,055,964
Buildings & Building Development - - - - 2.5% - - - - -
Plant & Machinery - 105,350 - 105,350 10% - - - - 105,350
Furnitures & Fixture 16,739,491 13,689,868 - 30,429,359 10% - 2,104,591 - 2,104,591 28,324,768
Computer and Computer Accessories 981,698 12,883,194 - 13,864,892 30% - 1,548,228 - 1,548,228 12,316,664
Office Equipment 1,011,167 7,371,706 - 8,382,873 10% - 236,461 - 236,461 8,146,412
IT Equipment 1,180,931 1,536,262 - 2,717,193 30% - 563,305 - 563,305 2,153,888
Motor Vehicles - 14,976,734 - 14,976,734 20% - 1,038,377 - 1,038,377 13,938,357
Factory Apparatus & Loose Tools - 31,202 - 31,202 20% - 1,556 - 1,556 29,646
Lab Equipment - 14,337,063 - 14,337,063 20% - 762,482 - 762,482 13,574,581
Electric Equipment & Lighting 502,624 3,259,042 - 3,761,666 10% - 59,911 - 59,911 3,701,755
Crockeries 235,414 157,557 - 392,971 30% - 78,735 - 78,735 314,236
Construction Equipment - 21,033,372 - 21,033,372 10% - 321,316 - 321,316 20,712,056
Container & Container Development - 4,108,617 - 4,108,617 10% - 102,434 - 102,434 4,006,183

Balance as at 30.06.2022 ####### 740,545,931 - 761,197,256 - ###### - ###### 754,379,859

Balance as at 30.06.2021 - 20,651,325 - 20,651,325 - - - - 20,651,325

Remark HB Limited
Schedule of Property, Plant & Equipment
as at 30 June 2021
Amount in BDT
Cost Depreciation*
Disposal/ Balance Disposal/ Written down
Balance as Addition Charged Balance as
Particulars Adjustment Balance as on Rate (%) as on Adjustment value as on
on during the during the on
s during 30.06.2021 29.11.20 s during 30.06.2021
29.11.2020 period period 30.06.2021
the period 20 the period
Land & Land Development - - - - - - - - -
Buildings & Building Development - - - - - - - - -
Plant & Machinery - - - - - - - - -
Furnitures & Fixture - 16,739,491 - 16,739,491 - - - - 16,739,491
Computer and Computer Accessories - 981,698 - 981,698 - - - - 981,698
Office Equipment - 1,011,167 - 1,011,167 - - - - 1,011,167
IT Equipment - 1,180,931 - 1,180,931 - - - - 1,180,931
Motor Vehicles - - - - - - - - -
Factory Apparatus & Loose Tools - - - - - - - - -
Lab Equipment - - - - - - - - -
Electric Equipment & Lighting - 502,624 - 502,624 - - - - 502,624
Crockeries - 235,414 - 235,414 - - - - 235,414
Balance as at 30.06.2021 - 20,651,325 - 20,651,325 - - - - 20,651,325

19
 Annexure-B
Remark HB Limited
Schedule of FDR & Accrued Interest (Unrealized)
As at and for the Period Ended 30 June 2022
Amount in BDT
Open/Re
Name of Maturity Total Interes Interest on Accrued
SL FDR No newed FDR Amount Days
the Bank Date Days t Rate maturity Interest
Date
1 FD-375223/1306000050632 MTB 22-Apr-22 23-Jul-22 92 40,000,000 4.00% 400,000 70 304,348
2 FDR# 1045710000034/0002079 EBL 26-Apr-22 26-Jul-22 91 20,000,000 5.65% 282,500 66 204,890
3 FDR# 1045710000078/0002345 EBL 23-Jun-22 23-Sep-22 92 10,000,000 5.75% 143,750 8 12,500
4 FDR# 1045710000098/0002346 EBL 23-Jun-22 23-Sep-22 92 20,000,000 5.75% 287,500 8 25,000
Total 90,000,000 1,113,750 546,738