Annual Report 2013 of International Leasing and Financial Services Limited

It is a broadly described annual report of International Leasing & Financial Services Limited in the year of 2013. During the year under review, the company deposited Tk. 117.64 million to the Government Exchequer as Corporate Income Tax. In the year 2013, the company posted a net profit of Tk. 107.01 million against Tk. 111.87 million in the year 2012. On the consolidated basis, the net profit of the company stood at Tk. 116.74 million in the year 2013 against net profit of Tk. 59.28 million in the year 2012 registering a whopping growth of 96.93 percent. However, the company earned a dividend income of Tk. 0.51 million during the year. By the end of the year, total outstanding deposit amount was Tk. 9,447 34 million. Out of that, Tk. 3,550.00 million (37.58 percent) came from bank placements. The shares were listed on Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited on September 16.2007 and traded at Tk. 15.80 each at Dhaka Stock Exchange Limited and Tk. 15.90 each at Chittagong Stock Exchange Limited at the end of the year 2013.

The Board of Directors at their 161^st meeting held on April 16^th, 2014 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 18^th Annual General Meeting (AGM) scheduled to be held on May 29^th, 2014. 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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