t#I, IT t*ffistrltants
Lrd.
IIIFoEMATIoN TEcHNouosY coNsT,LT*,IrTs IJMrIED.
UIY.A UDITED
Z,
frrril.Y rTIwnaIL
STA TEMEIrTS FOfr TTIE PEBIOD ENDED OTV DECETTBES 3 T, 20 I 7 Q TTA
rVrBqnrult PrJtzA (g* & 4* FL) 260/8, TEJCAON -YA DrAKA-r zo8 PH: g8SO31O-1
I
Information Technology Consultants Limited Statement of Financial position As at
3l December 20l Z & Un-audited
Provisional
Notes
3l
December 2017
30 June 201 7
Assets
Non Cufienl Assets: Proper11.,. plant and equiprrent. net Intangible assets. net Capital w,ork-in-progress
1.00
254.21 1.208
248.81t.236
5.00
781.627 .242
717
6.00
20,828.208
99, r 80,928
I,056,666.658
1,065,544,774
.522.610
Current Assets: Inventories
Accounts receivable Other receivable Advance, deposits
&
prepa),ments
Cash and cash equivalents
1.00
361.549.937
328,739,218
8.00
303.875.372
404,388,824
9.00
4.953,41
10.00
s88,973.2'15
I r.00
4.833,777
I
576.145,998
38,360,791
t53.207.6'16
1,397,712,796
I,467,315.493
2.J51.379,4{4
2,sJ2.860.267
12.00
1.010.520.000
r.000.500.000
r3.00
291,578.430
294.5',18.430
14.00
61.5 I 1,440
Total Assets
r
Equitv and Liahilities Shoreholders' Equity: Share oapitai Share premium
Retained earnings Revaluation reserve
15.00
Non Cu tent Lio bil ities : Def'erred tax Iiabilitr
I
10t.917.927
87,806
226.187
1,622,797.676
1,623,184,163
77.235.n0
r6.00
Lease finance
82.060.579
17.00
ITC-QOOL A'lM project
3. r 28.002
r8.00
20.47 5.000 t
3. I
28.002
575
05,66J.581
t02,938,1
l2
Current Liabilities: Trade payables Bank overdrafi IPO subscription retirnd Payable ftrr expenses Other lrabiliries Current portion of long term loan Provision lor income tax
I9.00
21.570.571
40.928.357
20.00
114.032,',l39
488.001 .92 I
21.00
I 15.750
22.00
70.053.5 86
23.00
152,423.658
I
1.1
192.213.702
24.00
6.503,658
8.121.29i
25.00
31.218.22s
21.60s.276
Total Liabilities
'l'otal Equitl' & Liabitities
725,9t 8,187
806,737,992
831,58t,768
909,676,104
2.J5J.379,14J
Net Asset Value (i,\AV) per share
25.829
55.74 I.6
38.00
2,5J2,860,267
15.60
16.22
l'he annexed noles fbrm an integral part ofthese financial statcments.
sdl^
sal-
Chirirntan
Director
sd l'('hief' Financral Ofllcer Placc-:
[)hiika
[)ate: .larruarr
]8. l() l8
sa
\^
i\lanagin-u I)irector
& (lEo
sd\C'ontpanY S!-crelar\
Information Technology Consultants Limited Statement of Profit or Loss and Other Comprehensive Income For the 2nd Quarter ended 31 December 2017 Provisional & Un-audited Six Months Ended
Notes Revenue Cost of services
26
&
sales
27
Gross Profit
Jul to Dec'17
Jul to Dec'I6
Taka
Taka
2nd Quarter Ended Dec'17 Oct to Dec'16
Oct to
Taka
Taka
00 40 r-65e. r 2tl 500r88r r"l ll=.t??ndl a 34 ti43.r67 00 J r214.218.203)ll (348.786.t62)ll r r:O.zoq.oo4rll t2a8.682.28r rl 187,140,920 151,701,974 106,607,462 92,76l,lgl
I
Operating Expenses:
l--(5eJ78,458il tt30/r6.o6s)lnrrr63-jrttl | es,ztl.426)ll (24.3s4.s$ll (u.374.7s3)ll 30.00 | (7.241.83e)ll t0,rer,rssrll f:.osr.qzrtll 0,qtt,toti
General and administrative expenses
28.00
Selling & distribution expcnses
2e.00
Other operating expenses
Total Operating Expenses
(92,038,723)
0perating Profi t/(Loss)
95,402,197
Non operating income
3
150
t.00
Profit/(Loss) before Finance Costs 32.00
Finance inconte
33.00
(23,920,0s2) 6.t97.468
Profit/(Loss) before WPPF & WF
&
34.00
WF
Provision for incor-ne tax (Current)
3
Provision fbr income tax (Deferred)
36.00
5.00
Net Profit/(Loss)
(8s,2 r 6,441)
(4s,ss3,380)
(47,854,484)
66,485,533 61,054,092 613.913
347.000
67,099,446 (26,801,040)
605.299 ,t5,51 I,996
6t,401,082 (r2,012,1 l8)
6,499,948
( r3.82
37.00
l'he anncxedhotes lorm
sal-
sdl^ C'hai rnran
Director
sJlClhief Financial Ofllce r Place: Dhaka
f)atc: .ltrnuarr' 28. 20
1l.i
an
r.467)
3.124.423
46,799,354
52,530,476
35, I I 4,952
(2.t76.345)
(2.50 r.442)
(
71,314,233
44,622,006
50,029,034
33,471,635
(9.733.123)
( r ,598,868)
(6,543,73s)
(r.366.208)
(3.715.7
r2)
59,755,641 43,023,139 41,246,314 (llPS)
44,906,697
3,141,512
78,029,945
ProfiU(Loss) before Income Tax
E,arnings Per Share
1 1?
95,752,529
Finance costs
Clontribution to WPPF
1r+.ttot.ot+,11
0.57
0.43
r.643.3
I
7)
32,105,427
0.40
0.32
integral part ofthese financial statements.
s Jl^ Managine I)irecror & (lfrO
SJ}" (lornpanv Secrctarl
Information Technology Consultants Limited Statement of Changes in Equify For the 2nd Quarter ended 31 Decemb er 2017 Provisional & Un-audited Paid-up
Particulars
Canital Taka
llalance as at 0l Jul1, 2017
1.000.500.000
Share Premium Taka
Retained
Revaluation
Earninss
Reserve
Taka
Taka
294,578,430
t0t.9t7.927
Net profit lor the period 40,020,000
3l
- 2017)
December 2017
1,040,520,000
Particulars Balance as at 0l
Ju11,
20
I6
294,578,430
(60.030.000)
(60,030,000)
(r 12.r28)
(r 12.128)
61,511,440
226,197,806
Paid-up
Share
Retained
Revaluation
Premium
Earninss
Reserve
Taka
Taka
Taka
Taka
870.000,000
294,578,430
r r8,044,308
237.456.401
43.02:1.138
Stock dividend (201 5-201 6)
r30.500,000
I,000,500,000
Note: Opening retained earnings as on
0l
Total Equity Taka I
.520.079.139
43.023.r38
(624.060'
December 2016
1,622,797,676
( r 30,500,000
Prior vear adjustment
3l
r,623.r84.t63 59.755.641
Canital
Net profit for the period
Balance as at
226,187,806
(40,020.000)
Prior year adjustrnent Balance as at
Taka
59,7 55.641
Stock dividend (2016 - 2017) Cash dividend (2016
Total Equity
294,578,430
29,943,386
(621,060) 237,456,401
1,562,479,217
July 2016 has carried restated amount based on Auclited report 2016-2017.
'l-he annered notes form an integral part ofthese financial statements.
sJ\Chairman
sJk Chief Financial Offlcer
s&k Director
S A}Marraging Director & CEO
sJ
l-
Company Secretarl,
Information Technology Consultants Limited Statement of Cash Flows For the 2nd Quarter ended 31 December 2017 Provisional & Un-audited Jul to Dec'17 Taka
A.
Jul to Dec'16
Cash flows from operating activities Cash receipts lrom customers/sales
502.4t0.779
484. I 5 1.845
Cash generated frorn/(paid to) suppliers
(239.771.506)
(288.121,541)
Cash gcnelated ltom/(paid fbr) operating activities
(177.012.597)
(r0
r.2.16.068)
Interest paid
(23.e20.052
(26,801
lncome taxes paid
(14.192.873
(I
Net cosh provided by/(used in) operoting octivities
47,480,751
5.645,994)
52,337,202
B. Cash flows from investing activities Purchase of property. planr
& equipment (WIp)
Purchase of propertv, plant
& equipment - DR (WIp)
Purchase
of intangiblc
assets
Purchase ofproperty. plant Purchase
of intangible
(r r,691,506)
r0.027.454)
(r68
(WIp)
(8.968.702
& equipment
(1.237.142 (9.602.303
assets
I)urchase of proper11,. plant
(
(30.272.601
& equipment - Lease assets
Proceeds fiom disposal ofproperty. plant
&
(6.r67.3r8)
equipment
49.876
Interest received
6.t9'7.468
Net cosh provided by/(used in) investing uctivities
(14,630,740)
6.499.948 (s0,7s6,997)
C. Cash flows from financing activities Proceeds from/(Payrnent
ol) IpO subscription refund
Proceeds from/(Payment
ol) secured loan
Proceeds from/(Payment
ofl
lease
(
liabilities
ATM
(7 r 0,548)
r.266,549)
(5.325.332)
(35 r,086)
Proceeds from/(Pavrnent ot) bank overdraft I)roceeds fiom/(Pa1,mcnr ot) ITC-eOOL
r0.079
(
(43.e69. pro.ject
I
82)
(2. I 00.000)
Net c'ash provided by/(usetl in) Jinoncing uctivities
4.226.258 (6.984.636) (3.675.000
(17,696,896)
(12,469,258)
D. Net changes in cash and cash equivalents (A+B+C) E. Cash and cash equivalents at beginning ofthe period
( r 4.846.885)
( r 0.889.053 )
| 53 .207 .67 6
46.3 77.885
F. Cash and
138,360,791
35,488,832
cash equivalents at end of the period
Nct Opcratine ('ash FIorvs per Sharc (NOUFpS)
0.52
a
'I'lre
SAK (lhairman
sdk Chiel'
I-
inancill Ofllccr
annexed notes lbrm arr integral parl o1'these flnancial slatements
sIk Director
s&k \.{anagnrg f)ircctor
&
sdl'
C'l-_O
( rrlilp.ut) \crlr'l.Lt)