Annual Report 2013 of Prime Finance and Investment Limited

It is a broadly described annual report of Prime Finance & Investment Limited in the year of 2013. During the year 2013, the company contributed a total amount of BDT 165.98 million as Corporate Tax, BDT 70.50 million as TDS and BDT 4.95 million as VAT, in total BDT 241.43 million was paid to the national exchequer. Operating profit for the year 2013 has increased by 13.58 percent to BDT 469.19 million (2012: BDT 413.08 million). During the financial year, Prime Finance performed suitably well and made revenue of BDT 2,149.61 million, achieved Profit after Tax of BDT 370.68 million, and recorded an EPS of 1.10 compared to 0.86 (restated) in the previous year. The net interest income of BDT 225.07 million reflects an increase of 80.07% compared to BDT 124.99 million in the previous financial year. As on 31^st December 2013, total shareholders’ equity stood at Tk. 5,249.84 million (2012: Tk. 5,106.59 million). As at 31^st December 2013, the Company’s paid-up capital was Taka. 2,729.16 million, which is Taka. 1,729.16 million higher than the regulatory required level of Taka. 1,000 million.

The Board of Directors has recommended @5% percent stock dividend and @10% percent cash dividend of BDT 10 per share for the year ended 31^st December 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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