Annual Report 2013 of Dhaka Electric Supply Company Limited

It is a broadly described annual report of Dhaka Electric Supply Company Limited (DESCO) in the year of 2013. During the financial year, The Company’s Total Revenue Taka. 22,242,206,253 million. Gross Profit Taka. 595,264,171 million. Operating Profit Taka. 495,363,587 million. Net Profit after Tax for the year Taka. 804,646,952 million. The shareholder’s equity increased from Tk. 10,553 million last year to Tk. 10,766 million, recording a growth of 2.02% during the year. Considering sales at Tk. 21951.48 million and collection at Tk. 22,155.60 million, the billing collection ratio works out at 100.93% and the Collection/Import (C.I.) ratio to 92.41% this financial year.

Based on the performance of the Company, the Board of Directors recommends @10% cash dividend and @15% stock dividend (i.e. 3 bonus shares for every 20 shares held on Record Date), for the financial year 2012-13. 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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