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INFORM&TION TECHNOTOGY EONSUTTANTS IIMTTED.
*
UDITED I Q TTA.STERLY FW*^VCML Sru*TNAENTS FOR TTIE PERIOD EIYIED OIVSEPTEMEES 8q 2OI7
UTY-A
EVEBqBEEN PtJhZA (3* & 4* 260/8, TEJqAON .YA DHAKA.I zO8
Prt g8so81o-18
['t)
Information Technology Consultants Limited Statement of Financial Position As at 30 September 2017
Provisional & Un-audited 30 Seotember 2017
30 June 2017
Trl*
Taka
i\otes --Assets
Non Cafienl Assets: Properly, plant and equipment, net
4.00
263,141,380
248,841,236
Intangible assets, net Capital work-in-progress
5.00
787,550,232
7 t7
,522,610 180,928
6.00
I,059,543,860
1,065,544,174
7.00
359,840,901
328,739,218
8.00
363,554, l 87
404,388,824
9.00
3,642,466
4,833,777
10.00
613,331,626
576,145,998
1,408,855,618
1,467 315,493
Carrent Assels: Inventories Accounts receivable Other receivable Advance, deposits
& prepayments
I
l1.00
Cash and cash equivalents
76
______2,468;22fi_ ___2f_2,860 267_
Total Assets Eouitv and Liabilities Shareholders' Equity: Share capital
12.00
1,000,500,000
1,000,500,000
Share prernium
13.00
294,578,430
294,578,430
Retained eamings
14.00
120,315,334
101,917,921
Revaluation reserve
15.00
187
187
1,623,184,163
1,641,581,570
Non Cunent Liabilities : Deferred tax
liability
16.00
Lease finance
17.00
ITC-QOOL ATM project
18.00
17,235,110 3,128,002
79,821,594 3,128,002 20,475,000
102,938,112
103,424,596
Curent Liabililies: 40,928,357
23,623,003
Trade payables
19.00
Bank overdraft
20.00
IPO subscription refund Payable for expenses
21.00
4,721,966 l 15,750
22.00
50,755,034
Other liabilities
23.00
142,985,206
Current portion of long term loan
24.00
6,517,863
Provision for income tax
25.00
47
488,001,921 125,829 55,7
8,121,293
2l 806,731,992 909,676,104
123,393312 826,817,908
Total Liabilities
___?@
Total Equity & Liabilities Net Asset Value (NAV) per share
4r,6t4
192,213,702
3ee,41
8
_ ___2fi2,860 267_
38.00
The annexed notes form an integral part ofthese financial statements.
sd
1^
Chairman
sdk Chief Financial Officer Place: Dhaka
Date: November 12,2017
sal^ Director
s
Il-
Managing Director
& CEO
sar Company Secretary
Information Technology Consultants Limited Statement of Profit or Loss and other comprehensive Income For the lst Quarter ended 30 September 20L7 Provisional & Un-audited Jul'17 to
Revenue Cost of services
&
sales
SeP'17
Notes
Take
26.00
t64,782,057
27.00
(83,
Gross Profit
Jul'16 to SeP'16 Taka 159,045,968 (100,593,63 I
80,833,457
58,452,337
Operating Expenses: General and administrative expenses
28.00
(29,081,789
(25,037,211
Selling & distribution expenses
29.00
(l 3,843,643
(9,63s,2
Other operating exPenses
30.00
Total Operating ExPenses Operating ProfiU(Loss)
(3,559,702)
(2,689,487)
(46,485,134)
(37361,9571
34J48J23
21,090J80
3,332
7,320
34J51,655
21,091,700 (12,979,s',t3)
31.00
Non operating income
ProfrU(Loss) bcfore Finance Costs Finance costs
32.00
(i,907,934)
Finance income
33.00
3,055,956
3,0't5,525
25,499,671
I I,193,652
ProfiU(Loss) beforc WPPF & WF 34.00
Contribution to WPPF & WF
(r,214,270) 24,2E5,407
ProfiU(Loss) bcfore Income Tax
89,388)
Provision for income tax (Current)
35.00
(3,1
Provision for income tax (Deferred)
36.00
(2,586,484)
Net ProfiU(Loss) 37.00
Eamings Per Share (EPS)
(533,03 I ) 10,660,621
(232,660)
1t,509,535
10,427,961
0.19
0.12
The annexed notes form an integral part ofthese financial statements'
sdtChairman
sJl' Chief Financial Officer Place: Dhaka Date: November 12. 201'1
s &lDirector
sJl" Managing Director & CEO
sJlCompany Secretary
Information Technology Consultants Limited Statement of Changes in Equity For the lst Quarter ended 30 Septepber 2017 Provisional & Un-audited Paid-up
Particulars Balance as at 0l July 2017
Share Premium
Retained
Revaluation
Cnnifnl
trl,arninss
Reserve
Taka
Taka
Taka
Taka
I,000,500,000
294,578,430
Net profit for the period
t01,917,927
226,187,806
18,509,535
Balance as at 30 September 2017
1,000,500,000
Particulars Balance as at 0l July 2016
294,578,430
120,315J34
226,187,806
Paid-up
Share
Retained
Revaluation
Premium
Reserve
Taka
Taka
Earnings Taka l18,044,308
237,456,401
294,578,430
Net profit for the period
Taka"'
10,427,961
Balance as at 30 September 2016
870,000,000
Note: Opening retained eamings as on
0l
294,578,430
128,472,269
1,623,184,163
(112,128)
Canital
870,000,000
Taka
18,509,535
(112,128)
Prior year adjustrnent
Total Equity
1,641,581,570
Total Equity Taka 1,520,079,139 10,427,961
237,456,401
1,530,507,100
July 2016 has carried restated amount based on Audited report2016-2017.
The annexed notes form an integral part ofthese financial statements.
s&lChairman
sJlChief Financial O{ficer
s&k Director
sak Managing Director & CEO
sdlCompany Secretary
Information Technology Consultants Limited Statement of Cash Flows For the lst Quarter ended 30 September 2017
. A.
Provisional & Un-audited
Cash flows from operating activities Cash receipts from customers/sales
Cash generated
118,320,914
205,507,898
(l
Cash generated from/(paid to) suppliers
from(paid for) operating activities
Interest paid Income taxes paid
Net cash provided by/(used in) operating activities
19,049,536
(157,675,020)
(t32,s39,
86,048,275
(11,907.
(12,979,573)
(3,942,48r
(1,712,399)
(61,931,482)
32,002,197
(4,340,9s5)
(892,480)
B. Cash flows from investing activities Purchase of property, plant
& equipment (WIP)
Purchase of property, plant
& equipment - DR (WIP)
(1
Purchase of intangible assets (WIP) Purchase ofproperty, plant
(4,34
& equipment - Lease assets
(2,866,988)
Interest received
3,055,956
Net cash provided by(used
in) investing activities
3,075,525
(5,796,292)
(683,943)
C. Cash flows from financing activities Proceeds from(Payment of1 IPO subscription refund
ATM project
(16,993,464) (20,767,715) (84,721,238) 10,550,539 153,207,676 46,377,885
D. Net changes in cash and cash equivalents (A+B+C)
F.
Cash and cash equivalents at end of{he period Net Operating Cash Flows Per Share
(20,31',7,059)
(2,100,000
Net cash provided by/(used in) financing activities
Cash and cash equivalents at beginning ofthe period
l,848,948) 2,003,014
(13,279,955
Proceeds from/(Payment of) bank overdraft
E.
(
(r72,41
Proceeds from/(Payment of) lease liabilities
Proceeds from/(Payment of) ITC-QOOL
(604,722)
(
(l,43l,ol
Proceeds from(Payment of) secured loan
68,486,438
(NOCFPS)
56,928,424
_____(0.qZL _L1!_
The annexed notes form an integral part ofthese financial statements.
sJk Chairman
sJlChief Financial Officer
s alDirector
S
J}.
Managing Director & CEO
sdlCompany Secretary
