Annual Report 2014 of LankaBangla Finance Limited

It is a broadly described annual report of LankaBangla Finance Limited in the year of 2014. For the year 2014, LankaBangla Finance and its subsidiaries made a handsome contribution to Government Exchequer of an amount equal to BDT 435.53 million, composed of income tax, withholding tax, VAT, withholding VAT and excise duty. Total asset of the company increased to BDT 39,129 million in 2014 from BDT 32,648 million in 2013. The Company posted the pretax profit for the year-end 2014 amounting to Taka. 465.04 million, indicating an increase in growth of 35.10% from Taka. 344.21 million in 2013 while net profit after tax increased by 45.45% from Taka. 448.06 million of 2013 to Taka. 651.72 million in 2014. The share market value of the Company stood at Tk. 7,438 million whereas the book value of the shares stood at Tk. 2,188 million, resulting from a Market Value Addition of Tk. 7,438 million as of 31^st December 2014.

The Board of Directors has recommending stock dividend at the rate of 10% accompanied by @10% cash dividend for the year 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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