Annual Report 2009 of Dhaka Electric Supply Company Limited

It is a broadly described annual report of Dhaka Electric Supply Company Limited (DESCO) in the year of 2009. During the financial year, The Company’s Total Revenue from Operation Taka. 10,004,841,707 million. Gross Margin Taka. 2,145,041,372 million. Operating Profit Taka. 1,652,383,873 million. Net Profit after Tax for the year Taka. 1,607,337,522 million. The shareholder’s equity increased from Tk. 4,470 million to Tk. 7,320 million, recording a growth of 64%. Considering sales at Tk. 9,799 million and collection at Tk. 9,714 million, the billing collection ratio works out at 99.13%. The Collection/ Import (CI) ratio is 1313.56% this year.

Based on the performance of the Company, the Board of Directors recommends @25% cash dividend and @20% stock dividend (i.e., 20 bonus shares for every 100 shares held) for the financial year 2008-09. 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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