Annual Report 2012 of International Leasing and Financial Services Limited

It is a broadly described annual report of International Leasing & Financial Services Limited in the year of 2012. During the year the company paid Tk. 20.62 million as Tax to the government. By the end of the year, total outstanding deposit amount was Tk. 8,532.89 million. Out of that, Tk. 3,200.00 million (38 percent) has come from bank placements. In the year 2012, the Company posted a net profit of Tk. 111.87 million against Tk. 98.83 million in the year 2011 registering a 13 percent growth. On the consolidated basis, the net profit of the Company stood at Tk. 59.28 million in the year 2012 against the net loss of Tk. 56.58 million in the year 2011. The shares were listed on Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited on September 16, 2007, and traded at Tk. 20.20 each at Dhaka Stock Exchange Limited and Tk. 20.00 each at Chittagong Stock Exchange Limited at the end of the year 2012.

The Board of Directors at their 148^th meeting held on April 01^st, 2013 recommended to the shareholders, 5% cash dividend amounting to Tk. 85,539,300 (i.e. Taka 0.50 for every 1 fully paid share held at the record date) subject to the approval of the shareholders at the 17^th Annual General Meeting (AGM) scheduled to be held on May 16^th, 2013. 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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