Annual Report 2010 of Bangladesh Finance and Investment Company Limited

It is a broadly described annual report of Bangladesh Finance and Investment Company Limited in the year of 2010. The company’s portfolio Investment consists of Lease finance, Term loans and Investment in Shares, and the recorded portfolio growth rate was 37.89% in 2010 from 2009, which stood at Tk. 295.65 Crore as on 31^st December 2010 compared to Tk. 214.40 Crore as on 31^st December 2009. During the year 2010, the company earned an amount of Tk. 74.28 Crore and spent an amount of Tk. 34.90 Crore, resulting in a total operating profit of Tk. 39.38 Crore which increased by 27.51 Crore since the last year. Net profit stood Tk. 24.61 Crore in the year 2010 which is 206.09% higher than the previous period. The paid-up capital of the Company as on 31^st December 2010 was Tk. 44.04.15.900.00 as against Tk. 36.70,13,300.00 as on 31^st December 2009. Total equity as on December 31^st, 2010 was Tk. 93.25 Crore recording an increase of 68.99% compared to total equity Tk. 55.18 Crore of the previous year.

The Board of Directors of the Company is pleased to recommend the dividend in the form of bonus shares @ 22%. i.e. 22 bonus shares for every 100 shares for 4,40,41,590 nos. of ordinary shares of Tk. 10.00 each for the year ended December 31^st, 2010. 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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