Annual Report 2015 of International Leasing and Financial Services Limited

It is a broadly described annual report of International Leasing & Financial Services Limited in the year of 2015. During the financial year, the Total asset of the group grew by 23.82% from BDT 18.76 billion in 2014 to BDT 23.23 billion in 2015. During the year 2015 ILCL has incurred net profit of BDT 2.77 million as against net profit after tax amounting to BDT 12.78 million in 2014. The Company posted the profit before tax for the year-end 2015 amounting to BDT 230.31 million, indicating the decrease in growth of -10.19% from BDT 254.28 million in 2014 while net profit after tax also decreased by -2.56% at BDT 107.89 million in 2015 from BDT 110.72 million in 2014. During the year the Company has transferred Tk. 21,579,000 to the Statutory Reserve Fund from current year’s profit.

The Board of Directors at their 189^th meeting held on April 17^th, 2016 recommended to the shareholders stock dividend (bonus share) @ 5% amounting to Tk. 85,539,300 (i.e. 1 bonus share for every 20 fully paid shares held at the record date) subject to the approval of the shareholders at the 20^th Annual General Meeting (AGM) scheduled to be held on May 26^th, 2016. 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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