Annual Report 2011 of Dhaka Electric Supply Company Limited

It is a broadly described annual report of Dhaka Electric Supply Company Limited (DESCO) in the year of 2011. During the financial year, The Company’s Total Revenue from Operation Taka. 12,475,609,225 million. Operating Profit Taka. 2,001,279,680 million. Net Profit after Tax for the year Taka. 1,478,338,572 million. The shareholder’s equity increased from Tk. 8,760 million last year to Tk. 9,919 million, recording a growth of 13.23% during the year. Considering sales at Tk. 12,291 million and collection at Tk. 12,279 million, the billing collection ratio works out at 99.90%, and the Collection/ Import (C.I.) ratio to 90.05% this year.

Based on the performance of the Company, the Board of Directors recommends @10% cash dividend and @25% stock dividend (i.e. 01 bonus share for every 04 shares held on Record Date), for the financial year 2010-11. 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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