Northern Jute Manufacturing Company Limited Statement of Financial Position (unaudited) As at 31st March 2015 Figure in Taka Particulars 31-Mar-15 30-tun-14 ‘A, Non Current Assets Net Tangible Fixed Assets ‘Accumulated Depreciation) Total Non-Current Assets (A) B. Current Assets Inventories Account Receivables ‘Advance Deposit & Prepayment. Cash subsidy Receivable Cash & Cash Equivalents Total Current Assets (8) . Current Liabil Trade Payable abilities for Other Expenses Other Liabilities Short Term Loan Total Current Liabilities D. Net Current Assets (D=B-C) E. Net Assets: (E=A-D) jes and Provision: F. Financed By Shareholders’ Equity Share Capital Tax Holiday Reserve Revaluation Reserve Retained Earning Total Shareholders’ Equity G. Non-current Liabilities Long Term Loan Deferred Liabilities Deferred Tax Liabilities Total Non-Current Liabilities Total Capital and Liabilities Net Assets Value (NAV) Managing Director NCL (At cost, less 250,256,679 || _ 249,731,643 250,256,679 249,731,643 104,884,123 42,773,508 13,765,032 9,198,465 8,079,607 3,836,923 8,451,215 3,595,117 746,876 7,104,731 135,936,851 66,506,745 7547116 2,102,695 584,386 41,610,101, 1,774,665 1,654,739 221,895,654 || _177,358,489 231,801,821 182,726,024 (95,864,970) (116,219,279) 154,391,709 __ 133,512,364 37,850,000 37,000,000 638,498, 638,498 217,198,831 || 218,002,127 (83,151,786)]|_ (103,728,883) 152,535,543 131,911,742 1,856,165 41,600,622 1,856,166, 154,391,709 35.45 Chief Finaphial officer diceNorthern Jute Manufacturing Company Limited Statement of Comprehensive Income (unaudited) For the 9 months ended 31st March 2015 Figure in Taka (01-07-2014 To |{ 01-07-2013 | {01-1-2015 To 31] 01-1-2014 To Particulars 31-03-2015 || 1031-03-2014 ||__ 03-2015 31-03-2014 Revenue 82,116,452 || 41,368,000 |[~_ 37,714,168 | 24,453,000 Cost of Goods Sold 69,564,031 || 50,165,000 || _ 32,404,896 ||_23,167,000 A. Gross Profit/(Loss) 12,552,421 (8,797,000) 5,309,272 1,286,000 B. Operating Expenses ‘Administrative and finance expenses 8,117,736 |[ 9,143,000 2,557,888 79,000 Selling Overhead 1,825,777 885,164 : Total 9,943,513 9,143,000 3,443,052 73,000 C. Operating Profit/(Loss) (A-B) (17,940,000) 1,866,220 307,000 Other Income 305,960 3,816,000 3,816,000 Net Profit/(Loss) before provision 2,914,868 (14,124,000) 4,323,000 D. Less Provision Income Tax 320,697 - 186,585 595,000 Deferred tax 255,544 : 194,70 - Total 576,281 : 381,355 595,000 E. Net Profit / (Loss) after provision 38,627 (14,124,000) 1,489,115 3,728,000 Other Comprehensive Income = a ea Ca Total Comprehensive Income 2,338,627 (44,124,000) 3,489,115 3,728,000 Profit/(Loss) Brought forward (203,728,883)] [”(107,589,000)] [~ (84,908,693)| (127,023,000) Previous year adjustment (53,000) (34,000) Dividend (2,700,000 : Adjustment of revaluation Reserve against depreciation 803,296 855,000 267,765 285,000 Long term liabilities settlement benefits 19,135,174 : Profit/(Loss) Brought forward (83,151,786) (120,911,000) __ (63,151,813) _ (423,044,000) Earning Per Share (EPS) 131 (7.91) 0.83 209 Managing Director NMcL.Northern Jute Manufacturing Company ‘Statement of Changes in Equity (unaudited) For the period ended 31st March 2015 [Particulars ‘Share Capital_| Revaluation Reserve | TaxHoliday Reserve | Retained Earning Total (Tk) fealance as on 01-07-14 17,000,000 218,002,127 638,498 | (103,728 883} 331,911,742 Net profit after provision 2,338,627 2,338,627, Previous year adjustment 850,000, (2,700,000) (850,000) inst Deprec (803,236) £803,296 : ies settlement benefits 19,135,174 19,135,174 Balance as on 31-03-2015, 17,850,000 247,198,831 638,498 (83,151,786) 152,535,543 For the year ended 31st March 2014 [Particulars ‘Share Capital_| Revaluation Reserve | Tax Holiday Reserve | Retained Earning Total (Tk) Balance as on 01-07-13 17,000,000 58,984,386 638,498) 7,589,686) (20,966 802)| Net profit after provision (14, 124,00 [Previous year adjustment (3,000) [Revaluation Reserve : [Adjustment against Depreciation (855,000) 355,000 : [Balance as on 31-03-2014 17,000,000 38,129,386 38,498 | (320,911,686) (45,143,802)| da Managing Director NIMCL chy €\ officer GractNorthern Jute Manufacturing Company Limited Cash Flow Statement (unaudited) For the period ended 31st March 2015 Figure in Taka (01-07-2014 To 31- [01-07-2013 To 31: Particulars 03-2015, 03-2014 ‘A. Cash Flow from Operating Activities Collection from Turnover & Others 7,855,845 43,903,000 Payment to suppliers & Employees (125,637,441)| (47,149,000)} Total Cash Flow from Operating acti (47,781,596) (3,246,000) B. Cash Flow from Investment Activities Disposal of Fixed Assets 495,000 - Acquisition of Fixed Assets (3,608,424) : Total cash flow from Investment activities (3,113,424) - C. Cash Flow from Financing Activities: Long Term Loan Received / (Repaid) (2,925,000)| Secured Loan Received/ (Repaid) : (21,506,000)} Short Term Loan Received 44,537,165 27,712,000 Deferred Liabilities (gratuity-Repaid) : : Total Cashflow from Financing Activities 44,537,165 4,281,000 D. Net Cash Flow (A+B+C) (6,357,855) 1,035,000 E, Opening cash and Cash Equivalents 104,731 F. Closing Cash and Cash Equivalents (D+) 746,876 Net Operating Cash Flow Per Share (26.77) Managing Director Chief Finapdal Officer NIMCL fMcl.Northern Jute Manufacturing Company Limited Notes to the Interim Financial Statements for the period ended March 31st, 2015 Basis of preparation of the Interim Financial Statements: These Financial Statements are the unaudited interim financial statements (hereafter ‘the Interim Financial Statements’) of Northern Jute Manufacturing Company Limited incorporated in Bangladesh under Companies Act 1994, for the 3° quarter ended March 31, 2015 (hereafter ‘the interim period’). These statements are prepared in accordance with the Bangladesh Accounting Standard(BAS 34) ‘Interim Financial reporting’. These financial statements should read in conjunction with the Annual Financial Statements as of June 30, 2014, as they provide an update of previously reported information. The accounting policies and presentation used are consistent with those used in the Annual Financial Statements, except where noted below. Where necessary, the comparatives have been reclassified or extended from the previously reported Interim Financial Statements to take into account any presentational changes made in the Annual Financial Statements or in. these Interim Financial Statements. ‘The preparation of the financial statements requires management to make estimates and assumptions that affect the reported amounts of revenue, expenses, assets, liabilities and disclosure of contingent liabilities at the date of the Interim Financial Statements. If in the future, such estimates and assumptions, which are based on management’s best judgment at the date of the interim financial statements, deviate from the actual circumstances, the original estimates and assumptions will be modified as appropriate in the period in which the circumstances change. The company operates in industries where significant seasonal or cyclical variations in total sales are not experienced during the reporting period. Income tax expense is recognized based upon the provision of final settlement u/s 82(c) for export eaming and for other income rate applicable for the respective income. Dividend recommended for the year ended June 30, 2014 @ 5% cash and 5% stock by the Board of Directors in it's meeting held on 28th October 2014 which was approval by the shareholders in the Annual General Meeting held on December 14, 2014. ‘The Company has no reportable operating segments as per requirement of BFRS 8, operating segment. ‘There is no significant event to the end of the interim period that has to be reflected in the financial statements for the interim period. Figures have been rounded off to the nearest Tk. ‘There are no contingent liabilities of the company as on March 31, 2015.