Annual Report 2016 of International Leasing and Financial Services Limited

It is a broadly described annual report of International Leasing & Financial Services Limited in the year of 2016. During the year 2016, the Company collected, withheld and deposited tax, VAT and excise duty at the source and paid advance tax to government exchequer at the volume of Taka. 154,585,548/=. The Company posted the profit before tax for the year-end 2016 amounting to BDT 200.51 million, indicating the decrease in growth of (12.96%) from BDT 230.30 million in 2015 while net profit after tax also increased by 5.89% at BDT 114.25 million in 2016 from BDT 107.89 million in 2015. During the year deposit portfolio has been increased by BDT 8,501.16 million and posted a 63.39% year on- year growth. 50.46% of the total deposit as on 31^st December 2016 was Public deposit (Corporate and Retail).

The Board of Directors at their 203^rd meeting held on April 23^rd, 2017 recommended to the shareholders stock dividend (bonus share) @ 5% amounting to Tk. 89,816,265 (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 21^st Annual General Meeting (AGM) scheduled to be held on 15^th June 2017. 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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