It is a broadly described annual report of Bangladesh Online Limited in the year of 2007. During the year 2007, BOL contributed Tk. 13.14 Million to the National Exchequer in the form of Value Added Tax and Income Tax. Last year, it was Tk. 9.85 million. In 2007 the company’s total sales dropped to Taka. 204,718,662 from Taka. 233,454,865 in 2006 which represents 12.31% decline. BOL has earned valuable foreign exchange by exporting Taka. 115,022,952 worth of software in 2007 although in 2006 it was Taka. 175,005,769. The Company’s total shareholders’ equity in 2006 was Taka. 535,498,535 and in 2007 it increased to Taka. 581,906,080, i.e. 8.67% growth in 2007 compared to the year 2006.
The Board of Directors recommended the stock dividend of @15% for the year 2007. In 2006, @20% stock dividend was declared. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.
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