evwlk cwz‡e`b 2012-13icb.gov.bd/pdf/ann_repo_mf_2012_2013.pdf · bankers : ific bank ltd....

evwl©K cÖwZ‡e`b 2012-13 Annual Report 2012-13

AvBwmwe wgDPzq¨vj dvÛm& ICB Mutual Funds

e¨e ’vcbvq t Bb‡f÷‡g›U K‡c©v‡ikb Ae evsjv‡`k Managed by: Investment Corporation of Bangladesh

Head Office : BDBL Bhaban (Level 14-17)

8, Rajuk Avenue, Dhaka-1000.

Post Box no. 2058

Cable : INVESTCORP

Phone : 9563455 (auto hunting)

Fax : 880 2 9563313

E-mail : [email protected]

web site : www.icb.gov.bd

Auditors : K. M. ALam & CO.

Chartered Accountants

80, Motijheel C/A (4th floor)

Dhaka-1000.

Phone: 9552954, 9557851

Fax: 9557851

E-mail: [email protected]

Syful Shamsul Alam & CO.


Paramount Heights (Level-6)

65/2/1 Box Culvert Road

Purana Paltan, Dhaka-1000.

Phone: +880-2-9555915, 9560332

Fax: +880-2-9555915, 9560332 Ext-106

E-mail: [email protected]

Legal Adviser : Dr. Kamal Uddin Bhuiyan

LL.B (Hon's), LL.M, Ph.D

Advocate, Bangladesh Supreme Court

Room No-4020 (Annex)

Supreme Court Bar Association Building

Shahbag, Dhaka-1000.

Phone : 9662057, 01716-736389

Income Tax Adviser : Shafiq Basak & Co.


Shatabdi Centre (6th Floor)

292, Inner Circular Road

Fakirapool, Motijheel, Dhaka.

Phone : 880-2-7192098

Bankers : IFIC Bank Ltd.

Motijheel Branch

Agrani Bank Ltd.

Amin Court Branch

Dhaka Bank Ltd.

Local Office

Dutch-Bangla Bank Ltd.

Local Office

City Bank NA

23, Motijheel C/A, Dhaka-1000

Basic Bank Ltd.

Dilkusha Branch, Dhaka

cÖavb Kvh©vjq : wewWweGj feb (‡j‡fj 14-17) 8, ivRDK A¨v‡fwbD, XvKv-1000| †cv÷ e· bs-2058 †Kej : INVESTCORP

†dvb : 9563455(A‡Uv nvw›Us) d¨v· : 880 2 9563313 B-‡gBj : [email protected]

I‡qe mvBU : www.icb.gov.bd

wbix¶Ke„›` : ‡K. Gg. Avjg GÛ †Kvs PvU©vW© A¨vKvD›U¨v›Um& 80, gwZwSj wm/G (5g Zjv) XvKv-1000 ‡dvb : 9552954, 9557851 d¨v·: 9557851 B-‡gBj: [email protected]

mvBdzj mvgQyj Avjg GÛ †Kvs PvU©vW© A¨vKvD›U¨v›Um& c¨vivgvD›U nvBUm& (†j‡fj-6) 65/2/1 e· KvjfvU© †ivW cyivbv cëb, XvKv-1000| ‡dvb : +880-2-9555915, 9560332 d¨v·: +880-2-9555915, 9560322 G·-106 B-‡gBj: [email protected] AvBb Dc‡`óv : W. Kvgvj DwÏb f~uTv GjGj.we (Abvm©), GjGj.Gg, wcGBP.wW A¨vW‡fv‡KU, evsjv‡`k mycªxg †KvU© i“g bs-4020 (G‡b·) mycÖxg †KvU© evi A¨v‡mvwm‡qkb wewìs kvnevM, XvKv-1000| ‡dvb: 9662057, 01716-736389 AvqKi Dc‡`óv : kwdK emvK GÛ †Kvs PvU©vW© A¨vKvD›U¨v›Um& kZvãx †m›Uvi (7g Zjv) 292, Bbvi mvKz©jvi †ivW dwKivcyj, gwZwSj, XvKv| ‡dvb : 880-2-7192098e¨vsKvm© : AvBGdAvBwm e¨vsK wjt gwZwSj kvLv AMÖYx e¨vsK wjt Avwgb †KvU© kvLv XvKv e¨vsK wjt ¯’vbxq Kvh©vjq WvP&-evsjv e¨vsK wjt ¯’vbxq Kvh©vjq wmwU e¨vsK GbG 23, gwZwSj ev/G,XvKv-1000| ‡ewmK e¨vsK wjt w`jKzkv kvLv, XvKv|

mvaviY Z_¨vejx General Information

2

m~wPcÎ Contents

AvBwmweÕi cwiPvjK cl© 4 Board of Directors of ICB 4

Kvh©µ‡gi msw¶ßmvi 5 Operational Highlights 5

e¨e ’vcbv cÖwZ‡e`b I wnmve 7 Management Report and Accounts 7

AvBwmwe wgDPyq¨vj dvÛmg~n 8 ICB Mutual Funds 8

K…ZÁZv ^xKvi 10 Acknowledgement 10

cÖ_g AvBwmwe wgDPyq¨vj dvÛ 11 First ICB Mutual Fund 11

wØZxq AvBwmwe wgDPyq¨vj dvÛ 33 Second ICB Mutual Fund 33

Z…Zxq AvBwmwe wgDPyq¨vj dvÛ 56 Third ICB Mutual Fund 56

PZz_© AvBwmwe wgDPyq¨vj dvÛ 79 Fourth ICB Mutual Fund 79

cÂg AvBwmwe wgDPyq¨vj dvÛ 102 Fifth ICB Mutual Fund 102

lô AvBwmwe wgDPyq¨vj dvÛ 127 Sixth ICB Mutual Fund 127

mßg AvBwmwe wgDPyq¨vj dvÛ 154 Seventh ICB Mutual Fund 154

Aóg AvBwmwe wgDPyq¨vj dvÛ 179 Eighth ICB Mutual Fund 179

AvBwmweÕi Awdmmg~n 204 Offices of ICB 204

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mwPe `xwcKv fÆvPvh©¨ Dc-gnveë¯’vcK

Chairman

Dr. S. M. Mahfuzur Rahman

Professor, Department of International Business

University of Dhaka

Managing Director

Md. Fayekuzzaman

Directors:

Kazi Shofiqul Azam

Additional Secretary

(Admin & Middle East)

Economic Relations Division, Ministry of Finance

Government of the People's Republic of Bangladesh

Gokul Chand Das

Joint Secretary (Administration)

Bank and Financial Institutions Division

Ministry of Finance

Government of the People's Republic of Bangladesh

S.M. Moniruzzaman

Executive Director

Bangladesh Bank

Dr. Md. Zillur Rahman

Managing Director

Bangladesh Development Bank Ltd.

Pradip Kumar Dutta

Managing Director & CEO

Sonali Bank Ltd.

Syed Abdul Hamid


Agrani Bank Ltd.

S.M. Aminur Rahman


Janata Bank Ltd.

Md. Rezaul Karim

Managing Director

Sadharan Bima Corporation

Secretary

Dipika Bhattacharjee

Deputy General Manager

cwiPvjK cl©` 30 Ryb 2013 Zvwi‡L Board of Directors as on 30 June 2013

Operational Highlights

Launching

Name of the Fund Date of Launching Paid-up Capital

(Taka in lac)

First ICB Mutual Fund

25 April 1980

75.00

Second ICB Mutual Fund 17 June 1984 50.00

Third ICB Mutual Fund 19 May 1985 100.00

Fourth ICB Mutual Fund 06 June 1986 100.00

Fifth ICB Mutual Fund 08 June 1987 150.00

Sixth ICB Mutual Fund 16 May 1988 500.00

Seventh ICB Mutual Fund 30 June 1995 300.00

Eighth ICB Mutual Fund 23 July 1996 500.00

Total 1775.00

Portfolio Position, Market Price per Certificate and Number of Certificate Holders

(as on 30 June 2013)

Name of the Fund Total Cost

Price of the

Portfolio

(Tk. in lac)

Market Value

of the Portfolio

(Tk. in lac)

Market Price

per

Certificate

(Taka)

No. of

Certificate-

Holders


1610.49 7377.15 932.00 815

Second ICB Mutual Fund 975.67 1733.82 305.50 858

Third ICB Mutual Fund 1118.53 2750.74 208.90 1202

Fourth ICB Mutual Fund 1191.65 2711.61 200.00 1378

Fifth ICB Mutual Fund 1534.52 3502.32 193.10 2126

Sixth ICB Mutual Fund 2052.96 3524.87 61.30 5154

Seventh ICB Mutual Fund 2107.93 3869.62 112.00 2471

Eighth ICB Mutual Fund 2507.33 4211.44 68.40 5795

13099.08 29681.57 19799

Operational Results (2012-13)

Name of the Fund Net income per

Certificate for the

year 2012-13

(Taka)

Distributable

income per

Certificate as on

30 June 2013

(Taka)

Ex-dividend

Net Asset Value

per Certificate

(Taka)

First ICB Mutual Fund 75.63 161.71 872.30

Second ICB Mutual Fund 44.10 90.14 215.61

Third ICB Mutual Fund 26.16 61.55 211.16

Fourth ICB Mutual Fund 29.24 66.33 205.24

Fifth ICB Mutual Fund 23.45 46.79 168.92

Sixth ICB Mutual Fund 10.99 20.53 49.64

Seventh ICB Mutual Fund 13.53 29.87 86.60

Eighth ICB Mutual Fund 12.47 25.99 59.07

Dividend Performance (Percentage)

Mutual Funds Financial Year

2008-09 2009-10 2010-11 2011-12 2012-13


310.00 400.00 500.00 600.00 700.00

Second ICB Mutual Fund 95.00 200.00 250.00 300.00 375.00

Third ICB Mutual Fund 85.00 140.00 185.00 200.00 240.00

Fourth ICB Mutual Fund 80.00 125.00 165.00 185.00 240.00

Fifth ICB Mutual Fund 56.00 100.00 135.00 170.00 200.00

Sixth ICB Mutual Fund 37.00 75.00 90.00 100.00 105.00

Seventh ICB Mutual Fund 35.00 70.00 95.00 110.00 120.00

Eighth ICB Mutual Fund 32.00 65.00 90.00 100.00 110.00

Meeting for declaration of dividend of ICB Mutual Funds for 2012-13 is in progress

eë¯’vcbv cÖwZ‡e`b I wnmve Management Report and Accounts AvBwmwe (mvaviY) cÖweavbgvjv, 1977 Gi 29-L Gi 7bs Dc-wewa Abyhvqx K‡c©v‡ikb Avb‡›ì mv‡_ 8wU wgDPzq¨vj dv‡Ûi 30 Ryb 2013 Zvwi‡L mgvß A_©eQ‡ii evwl©K eë ’vcbv cÖwZ‡e`b I wbixw¶Z wnmve GZ`&m‡½ Dc ’vcb Ki‡Q|

In terms of the sub-regulation (vii) of Regulation

29-B of ICB (General) Regulations 1977, the

Corporation is pleased to present herewith the

Annual Management Report and Audited Accounts

of its 8 Mutual Funds for the year ended 30 June

2013.

AvBwmwe wgDPyq¨vj dvÛmg~n

ICB Mutual Funds

AvBwmwe evsjv‡`‡k wgDPzq¨vj dvÛ BÛvwóª cÖeZ©‡b cw_K…r Gi f~wgKv cvjb K‡i| 25 GwcÖj 1980 Zvwi‡L †`‡ki cÖ_g †gqv`x wgDPzq¨vj dvÛ ÒcÖ_g AvBwmwe wgDPzq¨vj dvÛÓ evRviRvZ Kiv nq| Gi ci †_‡K eQi cwiµgvq 1996 ch©š— AvBwmwe me©‡gvU 17.50 †KvwU UvKv g~jab m¤wjZ 8wU †gqv`x wgDPzq¨vj dvÛ evRviRvZ K‡i| m‡š—vlRbK jf¨vsk cÖ vb Ges ewjô †cvU©dwjI g~j¨vq‡bi d‡j AvBwmwe wgDPzq¨vj dvÛmg~n wewb‡qvMKvix‡ì wbKU A‡c¶vK…Z wbivc` wewb‡qvM gva¨g wn‡m‡e mgv`„Z n‡q‡Q| AvBwmwe cÖwZwU wgDPzq¨vj dv‡Û weMZ eQ‡ii b¨vq 2012-13 A_©eQ‡iI AvKl©Yxq nv‡i jf¨vsk cÖ vb Ki‡Z m¶g n‡q‡Q| Av‡jvP¨ A_©eQ‡i 8wU wgDPzq¨vj dv‡Ûi g‡a¨ m‡e©v”P 700.00 kZvsk jf¨vsk †NvlYv Kiv n‡q‡Q cÖ_g AvBwmwe wgDPzq¨vj dv‡Û hvi c‡iB 375.00 kZvsk wØZxq AvBwmwe wgDPzq¨vj dv‡Û Ges me©wbgœ 105.00 kZvsk jf¨vsk cÖ vb Kiv n‡q‡Q Aóg AvBwmwe wgDPzq¨vj dv‡Û| weMZ A_©eQ‡i G dvÛmg~‡n 100.00 kZvsk n‡Z 600.00 kZvsk nv‡i jf¨vsk †NvlYv Kiv n‡qwQj| 2012-13 A_©eQ‡i XvKv ÷K G·‡PÄ wjt I PÆMÖvg ÷K G·‡PÄ wjt G ZvwjKvfy³ AvBwmweÕi cÖwZwU wgDyPq¨vj dv‡Ûi evRvig~j¨ AwfwnZ g~‡jï †P‡q †ewk wQj hv dvÛmg~‡ni fvj Kvh©dj wb‡ ©k K‡i| 30 Ryb 2013 Zvwi‡L AvBwmwe KZ…©K cwiPvwjZ wgDPzq¨vj dvÛmg~‡n 19799 Rb mvwU©wd‡KU‡nvìvi i‡q‡Q hv gvwjKvbv we —…ZKi‡Y AvBwmweÕi D‡Ï‡kï mdjZvi cwiPvqK| wewb‡qvMKvix‡ì ^v‡_© m¤¢ve¨ m‡e©v”P cwigvY wiUvY© I me©wbgœ SzuwK wbwðZ Kivi Rb¨ wgDP~q¨vj dvÛmg~‡ni †cvU©‡dvwjI cÖÁv I `¶Zvi mv‡_ cwiPvjbv Kiv nq| cÎ‡Kvl eë ’vcbvi AZ¨vaywbK c×wZ Ges †KŠkjmg~n eënv‡ii gva¨‡g dvÛmg~n AwfÁ `j KZ©„K cwiPvjbv Kiv nq|

ICB is the pioneer organization of initiating mutual

fund in Bangladesh. The country’s first closed-end

mutual fund, the “First ICB Mutual Fund” was

launched on 25 April 1980. Since then ICB had

floated 8 closed-end mutual funds of total capital

of Tk. 17.50 crore up to 1996. ICB mutual funds

are now perceived by investors as a rewarding and

relatively safe investment instruments because of

their strong and steady performance in terms of

dividend and portfolio valuation.

ICB has been able to declare attractive dividends

on its Mutual Funds during 2012-13 as for the

previous years. Among the 8 Mutual Funds the

highest dividend of 700.00 per cent was declared

on the First ICB Mutual Fund followed by 375.00

per cent on the Second ICB Mutual Fund, with

lowest being 105.00 per cent declared on the

Eighth ICB Mutual Fund during the year. The rates

of dividend for the previous year ranged from

100.00 per cent to 600.00 per cent. In 2012-13 the

market prices of all the Mutual Funds on Dhaka

Stock Exchange Ltd. & Chittagong Stock

Exchange Ltd. were far above their par values,

reflecting strong performance of the Funds. To

fulfill its own dictum in extending equity, ICB has

been successful greatly from the evidence of

number of Certificate holders which was 19799 as

on 30 June 2013.

The portfolios of all the mutual funds were

managed with diligence and prudence to ensure

maximization of return and minimization of risk in

the interest of investors. Funds are managed by a

specialized team with latest tools and techniques of

portfolio management.

mgwšZ cÎ‡Kvl weeiYx

30 Ryb 2013 Zvwi‡L mvgwóKfv‡e 8wU wgDPyq¨vj dv‡Ûi cÎ‡Kv‡li µqg~j¨ I evRvi g~j¨ wQj h_vµ‡g 130.99 †KvwU UvKv I 296.82 ‡KvwU UvKv| wgDPyq¨vj dvÛmgy‡ni mgwšZ cÎ‡Kv‡li GKwU msw¶ßmvi mviYx-1 G cÖ wk©Z nj:

Consolidated Portfolio Statement

As on 30 June 2013, the aggregate value under

cost price and market price of eight Mutual

Funds were Tk. 130.99 crore and Tk. 296.82

crore respectively. A consolidated statement of

the portfolios of the Funds is given in table -1 :

Table- 1: Consolidated position of portfolios of ICB Mutual Funds as on 30 June 2013

Sl.

no.

Particulars First

ICB

Mutual

Fund

Second

ICB

Mutual

Fund

Third

ICB

Mutual

Fund

Fourth

ICB

Mutual

Fund

Fifth

ICB

Mutual

Fund

Sixth

ICB

Mutual

Fund

Seventh

ICB

Mutual

Fund

Eighth

ICB

Mutual

Fund

1. No. of Companies 154 156 170 170 189 225 214 207

2. No. of Securities 5636077 4415411 5479324 5231113 6611074 8316313 10022408 10458284

3. Total Investment

at cost (Tk. in lac)

1610.49 975.67 1118.53 1191.65 1534.52 2052.96 2107.93 2507.33

4. Market Value

(Tk. in lac)

7377.15 1733.82 2750.74 2711.61 3502.32 3524.87 3869.62 4211.44

`i DVvbvgv

Av‡jvP¨ A_©eQ‡i XvKv ÷K G·‡PÄ wjt I PÆMÖvg ÷K G·‡PÄ wjt G 8wU wgDPzq¨vj dv‡Ûi mvwU©wd‡KU mwµqfv‡e †jb‡`b n‡q‡Q| 2012-13 A_©eQ‡i XvKv ÷K G·‡PÄ wjt G 8wU wgDPzq¨vj dv‡Ûi m‡e©v”P I me©wbgœ `i Gi weeiYx wb‡gœi mviYx‡Z cÖ wk©Z nj t

Price Movement

During the year under review, Certificates of eight

Mutual Funds were actively traded on the floor of

the Dhaka Stock Exchange Ltd. & Chittagong

Stock Exchange Ltd. The highest and lowest prices

of the eight ICB Mutual Funds Certificates on

Dhaka Stock Exchange Ltd. during 2012-13 are

shown in the following table.

Table – 2: Market prices of ICB Mutual Funds during 2012-13

Sl. no. Mutual Funds Highest

market price

(Taka)*

Lowest

market price

(Taka)*

Closing market

price (Taka)

as on 30 June

2013

Traded Volume as on

30 June 2013

1. First ICB Mutual Fund 932.00 775.00 932.00 50

2. Second ICB Mutual Fund 352.00 175.10 305.00 2250

3. Third ICB Mutual Fund 224.40 127.00 208.90 50

4. Fourth ICB Mutual Fund 214.00 122.10 200.00 1100

5. Fifth ICB Mutual Fund 213.90 100.10 193.10 18600

6. Sixth ICB Mutual Fund 68.00 40.50 61.30 7600

7. Seventh ICB Mutual Fund 112.00 67.00 112.00 500

8. Eighth ICB Mutual Fund 72.40 45.80 68.40 9000

* as per price quotation of Dhaka Stock Exchange Ltd.

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The Board of Directors puts on record with profound

gratitude the assistance and co-operation received by ICB

during the year from the shareholders, Ministry of Finance,

Ministry of Industries, Ministry of Commerce, Bangladesh

Bank, Bangladesh Securities & Exchange Commission,

different Commercial Banks, Insurance Corporations,

Bangladesh Development Bank Ltd., Dhaka Stock Exchange

Ltd., Chittagong Stock Exchange Ltd., Central Depository

Bangladesh Ltd., Board of Investment, Privatization

Commission, all concerned ministri es/agencies, print and

electronic media and particularly from its valued clients. The

Board of Directors also thanks them for their unwavering

and resolute co-operation and hope that their persistent

support will continue in future.

The Board of Directors deeply appreciate the officers and

employees of ICB and its subsidiary companies for their

excellent performance, sincere and devoted efforts in

efficient managements of these funds.

K…ZÁZv ¯^xKvi Acknowledgement

cÖ_g AvBwmwe wgDPyq¨vj dvÛ First ICB Mutual Fund jf¨vsk Avq

2012-13 A_©eQ‡i G dvÛ †gvU 78wU wmwKDwiwUR n‡Z 124.39 j¶ UvKv jf¨vsk eve` Avq K‡i‡Q hvi g‡a¨ 76.07 j¶ UvKv (61.16 kZvsk) 30 Ryb 2013 Zvwi‡Li g‡a¨ bM‡` cvIqv hvq| ‡hLv‡b GB dvÛ 2011-12 A_©eQ‡i jf¨vsk eve` Avq K‡iwQj 114.12 j¶ UvKv hvi g‡a¨ bM‡` cvIqv wM‡qwQj 72.40 j¶ UvKv| 2012-13 A_©eQ‡ii †Kv¤úvwb wfwËK jf¨vsk Avq Ges cÖvc¨ jf¨vs‡ki we —vwiZ weeiY h_vµ‡g cwiwkó-1.1 Ges cwiwkó-1.2 G †`Lv‡bv n‡q‡Q|

wewb‡qvM weµq n‡Z g~jabx gybvdv

2012-13 A_©eQ‡i G dvÛ 31wU ‡Kv¤úvwbi wmwKDwiwUR weµq K‡i 2011-12 A_©eQ‡ii 571.08 j¶ UvKvi wecix‡Z 460.91 j¶ UvKv gyjabx gybvdv AR©b K‡i‡Q| g~jabx gybvdv AR©‡bi we —vwiZ weeiY cwiwkó-1.4 G †`Lv‡bv n‡q‡Q|

Dividend Income

The Fund has earned an amount of Tk. 124.39 lac

as dividend from investment of securities of 78

companies during 2012-13 of which a sum of Tk.

76.07 lac (61.16 per cent) was received in cash

within 30 June 2013. In 2011-12 the fund earned

an amount of Tk. 114.12 lac as dividend and

interest income of which Tk. 72.40 lac was

received in cash. Details of dividend income and

receivables in the FY 2012-13 are shown in

Annex-1.1 and Annex-1.2 respectively.

Capital Gains on Sale of Investments

During 2012-13, the Fund has earned Tk. 460.91

lac as capital gains against Tk. 571.08 lac earned

during 2011-12 by selling securities of 31

companies. Details of capital gains are shown in

Annex-1.4.

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Income, Expenses and Distributable Income

During the year under review, the Fund has earned

a gross income of Tk. 608.21 lac by way of

dividend and interest income from investment of

shares and debentures/bonds amounting to Tk.

124.39 lac, Tk. 22.91 lac as interest on bank

deposits, Tk. 460.91 lac as capital gains and other

income. After deducting the total expenses of Tk.

40.95 lac incurred as staff expenses, interest on

current account with ICB, management fee,

printing and stationery, postage and telegram, bank

charges, provision against investment and other

expenses the net income of the Fund stood at Tk.

567.25 lac. Taking into account the previous year’s

undistributed income of Tk. 645.60 lac the Fund

had a net distributable total income of Tk. 1212.85

lac and per Certificate income of Tk. 161.71 as on

30 June 2013. jf¨vsk

Av‡jvP¨ dvÛ 2012-13 A_©eQ‡i cÖwZwU 10.00 UvKv g~j¨gv‡bi mvwU©wd‡K‡Ui Rb¨ 700.00 kZvsk nv‡i jf¨vsk †NvlYv K‡i‡Q hv c~e©eZ©x A_©eQ‡i wQj 600.00 kZvsk| jf¨vsk cÖ v‡bi Rb¨ †gvU 525.00 j¶ UvKvi ms ’vb ivLvi ci dv‡Û 687.85 j¶ UvKv Aew›UZ gybvdv wn‡m‡e _v‡K| mviYx- 1.1 G dv‡Ûi eQiIqvix ‡NvwlZ jf¨vs‡ki nvi cÖ wk©Z nj:

Dividend

The Fund declared dividend at the rate of 700.00

per cent against each Certificate of Tk. 10.00

which was 600.00 per cent in the previous year.

After making provision of Tk. 525.00 lac for

payment of dividend the Fund had an undistributed

income of Tk. 687.85 lac. The year-wise dividend

performance of the Fund is shown at Table-1.1 :

Table – 1.1: Year-wise dividend performance

Financial

year

Dividend percentage Financial

year

Dividend percentage

Interim Final Total Interim Final Total

1980-81

1981-82

1982-83

1983-84

1984-85

1985-86

1986-87

1987-88

1988-89

1989-90

1990-91

1991-92

1992-93

1993-94

1994-95

1995-96

12.00

12.00

12.00

16.00

18.00

20.00

22.00

8.00

8.00

8.00

9.00

17.00

18.00

19.00

48.00

49.00

49.00

35.00

31.00

31.00

45.00

50.00

60.00

20.00

20.00

20.00

25.00

35.00

38.00

41.00

48.00

49.00

49.00

35.00

31.00

31.00

45.00

50.00

60.00

1996-97

1997-98

1998-99

1999-00

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

70.00

70.00

100.00

125.00

170.00

175.00

180.00

200.00

210.00

210.00 190.00, 1B:2

265.00

310.00

400.00

500.00

600.00

700.00

70.00

70.00

100.00

125.00

170.00

175.00

180.00

200.00

210.00

210.00 190.00, 1B:2

265.00

310.00

400.00

500.00

600.00

700.00

cÎ‡Kvl

2012-13 A_©eQ‡i GB dvÛ wewfbœ LvZwfwËK wmwKDwiwURmg~‡n †gvU 595.37 j¶ UvKv wewb‡qvM K‡i‡Q| 30 Ryb 2013 Zvwi‡L G dv‡Ûi cÎ‡Kv‡l 1610.49 j¶ UvKv µqg~‡jï 131 wU ‡Kv¤úvwb Ges 23 wU wgDPy qvj dv‡Ûi wmwKDwiwUR wQj hvi evRvig~j¨ wQj 7377.15 j¶ UvKv| 30 Ryb 2013 Zvwi‡L dv‡Ûi cÎ‡Kv‡li we —vwiZ weeiY cwiwkó-1.3 G cÖ wk©Z n‡q‡Q| 30 Ryb 2013 Zvwi‡L cÖwZwU 10.00 UvKv g~j¨gv‡bi cÖ_g AvBwmwe wgDPyq¨vj dvÛ mvwU©wd‡K‡Ui jf¨vsk cieZx© bxU m¤c`g~j¨ ùvovq 872.30 UvKv|

XvKv ÷K G·‡PÄ wjt-G 2012-13 A_©eQ‡i 10.00 UvKv g~j¨gv‡bi cÖ_g AvBwmwe wgDPyq¨vj dv‡Ûi mvwU©wd‡KU cÖwZ cÖviw¤¢K I mgvcYx evRvi g~j¨ wQj h_vµ‡g 879.00 UvKv I 932.00 UvKv| 30 Ryb 2013 Zvwi‡L dv‡Ûi mvwU©wd‡KU ‡nvìvi‡ì msL¨v wQj 815 Rb|

Portfolio

During 2012-13 the Fund invested Tk. 595.37 lac

in securities of different sectors. As on 30 June

2013 the Fund had securities of 131 companies and

23 mutual funds in its portfolio with a total cost of

Tk. 1610.49 lac, the market value of which was Tk.

7377.15 lac. Details of the portfolio of the Fund as

on 30 June 2013 are given in Annex-1.3

The ex-dividend net asset value per Certificate of

Tk. 10.00 each of First ICB Mutual Fund stood at

Tk. 872.30 as on 30 June 2013.

At DSE the opening and closing market price per

Certificate of First ICB Mutual Fund of Tk.10.00

each was Tk. 879.00 and Tk. 932.00 respectively in

2012-13.

The number of Certificate holders of the Fund was

815 as on 30 June 2013.

Auditors’ Report To the Certificate Holders’ of First ICB Mutual Fund

We have audited the accompanying Financial Statements of First ICB Mutual Fund (the “Fund”)

which comprise the Statement of Financial Position as at 30 June 2013, Statement of Comprehensive

Income, Statement of changes in equity, statement of cash flows for the year ended, and a summary of

significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements of the

Fund in accordance with Bangladesh Financial Reporting Standards, and for such internal control as

management determines is necessary to enable the preparation of these financial statements of the

Fund that are free from material misstatement, whether due to fraud or error

Auditors Responsibility

Our responsibility is to express an opinion on these financial statements of the Fund based on our

audit. We conducted our audit in accordance with Bangladesh Standards on Auditing. Those standards

require that we comply with ethical requirements and plan and perform the audit to obtain reasonable

assurance about whether the financial statements of the Fund are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in

the financial statements. The procedures selected depend on our judgement, including the assessment

of the risks of material misstatement of the financial statements of the Fund, whether due to fraud or

error. In making those risk assessments, we consider internal control relevant to the entity’s

preparation and fair presentation of the financial statements of the Fund in order to design audit

procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion

on the effectiveness of the entity’s internal control. An audit also includes evaluating the

appropriateness of accounting policies used and the reasonableness of accounting estimates made by

management, as well as evaluating the overall presentation of the financial statements of the Fund.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for

our audit opinion.

Opinion

In our opinion, except for the effects on the financial statements of the matter discussed in the

emphasis of matter paragraph, the financial statements of the Fund prepared in accordance with the

Bangladesh Financial Reporting Standards (BFRS), give a true and fair view of the financial position

of the Fund as at 30 June 2013 and the results of its financial performance and its cash flows for the

year then ended and comply with the ICB Ordinance 1976, the Mutual Fund Regulations 1993, the

Securities and Exchange Rules 1987 and other applicable laws and regulations.

Emphasis of matter

We draw attention to note 25 of the financial statements which describes the deviation of few

requirements of BAS/BFRS due to considering volatile stock market scenario and conservative policy

of fund management. Our opinion is not qualified in this matter.

We also report that:

i) we have obtained all the information and explanations which to the best of our

knowledge and belief were necessary for the purposes of our audit and made due

verification thereof;

ii) in our opinion, proper books of account as required by law have been kept by the Fund

so far as it appeared from our examination of those books;

iii) the statement of financial position and statement of comprehensive income of the Fund

dealt with by the report are in agreement with the books of account;

iv) the expenditure incurred was for the purposes of the Fund's business.

K. M. Alam & Co.

Syful Shamsul Alam & Co.

Chartered Accountants Chartered Accountants

Dhaka, 29 July 2013

Investment Corporation of Bangladesh First ICB Mutual Fund

Statement of Financial Position as at 30 June 2013

Particulars

Notes

Amount in Taka

30-Jun-13 30-Jun-12

Assets

Investments at Cost 4 161,048,539 130,687,753

Cash at Bank 5 19,789,771 41,929,075

Dividend Receivable 6 7,115,949 6,168,970

Share Application Money 10,000,000 -

Interest Receivable on Term Deposit 7 - 296,929

Total Assets 197,954,259 179,082,727

Liabilities

Accrued Expenses 8 51,496 88,407

Unclaimed Dividend 9 35,917,126 28,686,551

Provision for Loss on Value of Investments 10 12,851,762 12,851,762

Provision for Possible Fluctuation of Price of

Investments 11 16,500,000 16,500,000

Provision for Dividend Receivable 12 42,500 42,500

Other Liabilities 13 2,532,512 2,580,055

Total Liabilities 67,895,396 60,749,275

Net Assets 130,058,864 118,333,451

Net Assets Consists of:

Capital Fund 14 7,500,000 7,500,000

General Reserve 15 1,273,627 1,273,627

Distributable Income 16 121,285,236 109,559,824

130,058,864 118,333,451

Net Asset Value (NAV) Per Share

Net Assets at Cost 130,058,863 118,333,451

Net Assets at Market Value 706,725,631 822,561,840

Share of Capital Stock Outstanding 750,000 750,000

Net Asset Value at Cost 173.41 157.78

Net Asset Value at Market Value 942.30 1,096.75

The Accounting Policies & Other Notes form an Integral Part of the Financial Statements.

Chairman Managing Director Director Director

As per our report of same date

K. M. Alam & Co. Syful Shamsul Alam & Co.


Dhaka, 29 July 2013


Statement of Comprehensive Income for the year ended 30 June 2013

Particulars

Notes

Amount in Taka

30-Jun-13 30-Jun-12

Income

Dividend Earned 17 12,438,843 11,411,561

Interest on Bank Deposits 18 2,290,880 2,124,929

Net Realized Gain on Investment (See Annexure-1.4) 46,091,068 57,107,832

Others 19 - -

Total Income 60,820,791 70,644,322

Expenses

Staff Expenses 20 794,528 496,075

Management Remuneration 21 75,000 75,000

Listing Fee 22 20,000 20,000

Audit Fee 14,500 15,000

Postage & Stamps 9,486 3,318

Printing & Stationery 102,750 25,055

Interest on Current Account with ICB 2,449,891 -

Bank Charges 31,180 36,870

Others 23 598,044 427,018

4,095,378 1,098,336

Net Income before Provision 56,725,412 69,545,985

Provision:

For Loss on Value Investments - -

For Possible Fluctuation of Price of Investments - 16,500,000

- 16,500,000

Net Income for the Year 56,725,412 53,045,985

Undistributed Income from Previous Year 64,559,825 56,513,839

Distributable Income Carried to Statement of Financial Position 121,285,237 109,559,824

Earnings Per Certificate During the Year 75.63 70.73






Dhaka, 29 July 2013


Statement of Changes in Equity for the year ended 30 June 2013

Particulars Capital Fund General Reserve Distributable

Income Total

Balance as at 01 July 2011 7,500,000 1,273,627 94,013,839 102,787,466

Net income for the year - - 53,045,985 53,045,985

Dividend - - (37,500,000) (37,500,000)

Balance as at 30 June 2012 7,500,000 1,273,627 109,559,824 118,333,451


Dividend - - (45,000,000) (45,000,000)




Dhaka, 29 July 2013

Investment Corporation of Bangladesh First ICB Mutual Fund

Statement of Cash Flows for the year ended 30 June 2013

Particulars Amount in Taka

30-Jun-13 30-Jun-12

Cash Flow From Operating Activities:


Increase/(Decrease) in operating assets and liabilities :

Share Application Money (10,000,000) -

Accrued Dividend - -

Other Liabilities (47,543) (511,150)

Sale/(Purchase) of Marketable Investments (30,360,786) (38,163,026)

Dividend Receivable (946,979) (1,244,575)

Accrued Expenses (36,911) 74,463

Interest Receivable on Term Deposit 296,929 (296,929)

Net Cash Inflows from Operating Activities

15,630,122 29,404,769

Cash Flows from Financing Activities:

Dividend Paid (35,757,825) (29,874,850)

Tax at Source Paid (2,011,600) (1,620,050)

Net Cash Used in Financing Activities (37,769,425) (31,494,900)

Net Increase/(Decrease) in Cash and Cash Equivalents (22,139,303) (2,090,131)

Cash and Cash Equivalents at Beginning of Year 41,929,075 44,019,206

Cash and Cash Equivalents at End of the Year 19,789,771 41,929,075

The Accounting Policies & Other Notes form an Integral Part of these Financial Statements.

Dr. S.M. Mahfuzur Rahman Md. Fayekuzzaman Kazi Shofiqul Azam S. M. Aminur Rahman


Dhaka, 29 July 2013

Investment Corporation of Bangladesh


Notes to the Financial Statement for the year ended 30 June 2013

1. The Fund and its activities:

1.1 Status of the fund:

Investment Corporation of Bangladesh (ICB) was established in 1976 with the objectives of accelerating

industrialization and economic development of the country through development of capital market by

mobilizing savings and encouraging and improving the investment climate in the country with particular

emphasis placed on broadening the base and scope of investments as well as tapping marginal investors.

Keeping in line with these objectives, the First ICB Mutual Fund (the Fund) was established in June

1987, under Regulation 29A of ICB (General) Regulations with a total capital of Tk.7,500,000 divided

into 750,000 Certificates of Tk.10 each. The management of the Fund is vested with ICB.

1.2 Nature of Business:

The business of the Fund is to mobilize savings from the investors by way of selling Certificates and

investing the funds in securities so as to ensure maximum return for Certificate holders. This is a

close-end Fund invested in securities as a single account. Income, net of expenses, is distributable to

Certificate holders on a yearly basis.

2. Basis of preparation:

2.1 Statement of compliance:

The financial statements have been accordance with Bangladesh Accounting Standards (BAS) and

Bangladesh Financial Reporting Standards (BFRS) and other applicable laws and regulations.

The financial statements have been approved by the Board of Directors of Investment Corporation of

Bangladesh in its meeting held on 29 July 2013.

2.2 Basis of accounting:

The annexed financial statements have been prepared under historical cost convention.

2.3 Functional and presentation currency:

These financial statements are prepared in Bangladesh Taka which is the Fund’s functional currency.

All financial information presented in Taka and has been rounded off to the nearest integer.

2.4 Use of estimates and judgments:

The preparation of financial statements requires management to make judgment, estimates and

assumptions that affect the application of Accounting policies and the reported amounts of assets,

liabilities, income and expenses.

2.5 Reported period:

These financial statements covers one year from 1st July to 30

th June and followed consistently.

3. Significant Accounting Polices:

3.1 Marketable Investments:

(i) Shares and redeemable value of debentures are stated at average cost price for purchases from

primary and secondary markets.

(ii) Profit/Loss on sale of shares is accounted for based on difference between average cost price

and selling price.

(iii) Dividend income from stock is recognized when shareholders’ right is established.

(iv) Bonus shares i.e. stock dividend received or receivable from various companies is not

accounted for as income rather included in the portfolio to reduce the average cost.

3.2 Taxation:

(i) The Fund’s income is exempted from income tax vide Ministry of Finance SRO No.88-L/80 of

01 April 1980.

3.3 Cash and Bank:

Cash and bank balance are carried at fair value.

3.4 General:

(i) Except for certain expenses reflected in these financial statements all other expenses including

premises and equipment expenses are borne by ICB and therefore, not reflected in these financial

statements.

(ii) Management fee at the rate of one percent on capital fund is paid to ICB for management services

and support received from the Corporation.

(iii) Figures in these financial statements have been rounded off to the nearest Taka. Previous year's

figures have been rearranged wherever found necessary to conform to current year's presentation.

Amount in Taka

30-Jun-13 30-Jun-12

4 Investments at Cost 161,048,539 130,687,753

The market value of investments was Tk. 737,715,307.00 at the close of business as at 30 June,

2013 which indicates a surplus of Tk. 576,666,768.00 between market price and cost.

(See Annexure-1.3 for details)

5 Cash at Bank:

Agrani Bank (Amin Court Branch) STD A/c-0002146 51,299 50,298

Agrani Bank (Amin Court Branch) STD A/c-0002292 35,074 34,778

IFIC Bank (Motijheel Branch) STD A/c-36002737 22,611,562 20,673,471

IFIC Bank (Motijheel Branch) C/A A/c-00088861 (8,932,326) 44,989

IFIC Bank (Fedration Branch) STD A/c-863001113 18,591 18,478

IFIC Bank (Fedration Branch) STD A/c-863001261 - -



IFIC Bank (Fedration Branch) STD A/c-863001674 46,037 1,544,455



IFIC Bank (Fedration Branch) STD A/c-1008-000118-041 18,681 18,562



IFIC Bank (Fedration Branch) STD A/c-1008-000344-041 18,656 1,934,059

IFIC Bank (Fedration Branch) STD A/c-1008-000434-041 5,812,195 16,445,305

19,789,771 41,929,075

Credit balance is a temporary overdraft in the bank book not in the bank statement.

6 Dividend Receivable

Dividend Receivable for less than one year 4,831,468 4,172,109

Dividend Receivable for more than one year 2,284,481 1,996,861

7,115,949 6,168,970


6.1 Movement of Dividend Receivable

Opening Balance 6,168,970 4,924,394

Add: Addition During the Year 4,831,468 4,172,109

Less: Received During the Year (3,884,489) (2,927,533)

Closing Balance 7,115,949 6,168,970

7 Interest Receivables on Term Deposit

Opening Balance 296,929 -

Add: Addition During the Year - 296,929

Less : Adjustment During the Year (296,929) -

- 296,929

Amount in Taka

30-Jun-13 30-Jun-12

8 Accrued Expenses

Audit Fee 14,500 15,000

CDBL Charges 16,732 53,143

Others/Advertisement Bill 20,264 20,264

51,496 88,407

9 Unclaimed Dividend

Opening Balance 28,686,551 22,681,451

Add: Dividend Declared for the Year 45,000,000 37,500,000

Less: Dividend Paid During the Year (35,757,825) (29,874,850)

Less: Tax Deducted at Source During the Year (2,011,600) (1,620,050)

35,917,126 28,686,551

10 Provision for Loss on Value of Investments

Opening Balance 12,851,762 12,851,762

Add: Provision Made During the Year - -

Closing Balance 12,851,762 12,851,762

11 Provision for Possible Fluctuation of Price of Investments Opening Balance 16,500,000 - Add: Provision Made During the Year - 16,500,000 Closing Balance 16,500,000 16,500,000

12 Provision for Dividend Receivable 42,500 42,500

13 Other Liabilities:


Add: Addition During the Year - -

Less: Paid During the Year (47,543) (511,150)


14 Capital Fund 7,500,000 7,500,000

The Capital Fund is divided into 750,000 Certificates of Tk.10 each fully paid up in cash.

15 General Reserve 1,273,627 1,273,627

The balance represents forfeited unclaimed dividend over 6 years up to 2004.

Amount in Taka

30-Jun-13 30-Jun-12

16 Distributable Income

Opening Balance 109,559,824 94,013,839

Less: Dividend Declared During the Year (45,000,000) (37,500,000)

64,559,824 56,513,839

Add: Net Income 56,725,412 53,045,985 121,285,236 109,559,824

17 Dividend Earned (See Annexure-1.1 for details)

12,438,843

11,411,561

18 Interest on Bank Deposits 2,290,880 2,124,929

19 Other Income

Share Splitting Charges - -

- -

20 Staff Expenses

Basic Salary 286,011 205,172

Other Allowance 276,012 150,443

Festival Bonus 51,668 35,115

Incentive Bonus 180,837 105,345

794,528 496,075

21

Management Remuneration

75,000

75,000

Management fee at the rate of one percent on capital fund is paid to ICB for management services and

support received from the Corporation as per the decision of the Board of Directors.

22 Listing Fee

Dhaka Stock Exchange 10,000 10,000

Chittagong Stock Exchange 10,000 10,000

20,000 20,000

23 Others Expenses:

Entertainment 23,637 3,500

Stock Exchange Charge 133,545 168,624

Miscellaneous 46,720 1,125

CDBL Charge 251,276 185,449

SEC Yearly Fee 50,000 50,000

Advertisement 92,866 18,320

598,044 427,018

24 Disclosure of Deviations from Few Requirements of BAS/BFRS:

There have been few deviations from the requirements of BAS/BFRS which are shown below

along with financial impact where applicable:

(a) Investments in quoted and unquoted shares are revalued at year-end at cost price.

However, adequate provision are kept when market value is lower than cost price.

Investments have not been accounted in market value (MV) which is a very newly

adopted accounting standard in Bangladesh. In the Financial Statement this standard has

not been considered due to volatile stock market scenario, consevative policy of fund

management and prevailing dividend policy of mutual fund. At the year-end market

value (for quoted shares) and book value (for unquoted shares) are higher than cost

price by Tk. 576,666,768.00

(b) Investments have been valued on aggregate portfolio basis and provision is required to

be made considering overall decrease in the value of investment. The fund maintains

both provision for loss on value of investment and provision for possible price

fluctuation which are shown in Balance Sheet under liabilities amounting to Tk.

12,851,762.00 and Tk. 16,500,000.00 respectively.

(c) Some disclosure and presentation requirements as per BFRS 7 and BAS 32 regarding

risk management have not been made in the financial statements. However,

management of the fund is prudent in risk management which is evident from steady

growth of the fund. The fund is not exposed to any foreign currency and interest rate

risk.

25 Events after the Reporting Date:

The board of directors of Investment Corporation of Bangladesh declared cash dividend of Tk.

70 per Certificate for the year ended 30 June 2013 in its meeting held on 29 July 2013.




Statement of Dividend Income during 2012-13

cwiwkó-1.1 Annexure-1.1

SL.

No. Name of the Company

No. of

Shares

Held

Par

Value

(TK.)

Rate of

Dividend

Declared

(%)

Amount of

Dividend

Received (TK.)

1 ACI Ltd. 3,276 10 80.00 26,401

2 ACI Formulations Ltd. 33,150 10 25.00 82,875

3 Apex Foods Ltd. 62,500 10 18.00 112,500

4 Apex Spinning & Knitting Mills Ltd. 2,400 10 18.00 4,320

5 Aramit Ltd. 143,175 10 50.00 715,875

6 Asia Insurance Ltd. 9,545 10 10.00 9,545

7 Bangladesh Shipping Corporation Ltd. 5,820 100 10.00 58,200

8 Bangladesh Submarine Cable Ltd. 1,900 10 20.00 3,800

9 BATBC 13,790 10 400.00 551,600

10 BATBC (Interim) 13,790 10 100.00 137,900

11 Bay Leasing & Investment Ltd. 1,860 10 15.00 2,790

12 BSRM Steels Ltd. 2,400 10 10.00 2,400

13 Continental Insurance Ltd. 11,066 10 10.00 11,066

14 Delta Brac Housing Ltd. 9,620 10 10.00 9,620

15 DESCO 26,576 10 10.00 26,576

16 Dhaka Insurance Co. Ltd. 5,000 10 20.00 10,000

17 Eastern Bank Ltd. 3,552 10 20.00 7,104

18 EBL 1st Mutual Fund 69,500 10 10.00 69,500

19 Envoy Textile Mills Ltd. 12,200 10 15.00 18,300

20 GBB Power Ltd. 62,400 10 5.00 31,200

21 Glaxo Smithkline BD Ltd. 22,950 10 150.00 344,250

22 Global Heavy Chemicals Ltd. 5,000 10 15.00 7,500

23 Golden Son Ltd. 13,411 10 5.00 6,706

24 Grameen One; Scheme Two 3,300 10 6.00 1,980

25 GrameenPhone Ltd. (Interim) 134,200 10 90.00 1,207,800

26 Grameenphone Ltd. 180,600 10 50.00 903,000

27 Heidelberg Cement Bangladesh Ltd. 12,700 10 50.00 63,500

28 IBBL Mudaraba Perpetual Bond 5,700 1000 13.58 774,060

29 ICB AMCL 1st Mutual Fund 21,500 10 100.00 215,000

30 ICB AMCL 2nd Mutual Fund 132,500 10 5.00 66,250

31 ICB AMCL 2nd NRB Mutual Fund 30,000 10 23.00 69,000

32 ICB AMCL Islamic Mutual Fund 26,500 10 36.00 95,400

33 ICB EPMF One: Scheme One 154,000 10 5.00 77,000

34 IFIC Bank 1st Mutual Fund 26,000 10 5.00 13,000

35 International Lsesing & Fin. Services Ltd 5,313 10 5.00 2,657

36 IPDC 506 10 10.00 506

37 Islami Bank (Bangladesh) Ltd. 148,000 10 8.00 118,400

38 Jamuna Bank Ltd. 59,040 10 14.00 82,656

39 Jamuna Oil Co. Ltd. 9,302 10 45.00 41,959

SL.


No.of

Shares

Held

Par

Value

(TK.)

Rate of

Dividend

Declared

(%)

Amount of

Dividend

Received (TK.)

40 Jute Spinners Ltd. 15,400 10 20.00 30,800

41 Linde Bangladesh Ltd. 12,650 10 110.00 139,150

42 Linde Bangladesh Ltd.(Interim) 12,679 10 200.00 253,580

43 Meghna Cement Mills Ltd. 1,500 10 25.00 3,750

44 Meghna Petroleum Ltd. 29,161 10 45.00 131,225

45 Mercantile Bank Ltd. 22,701 10 7.00 17,909

46 MJL Bangladesh Ltd. 800 10 25.00 2,000

47 Monno Ceramic Ind. Ltd. 54,230 10 5.00 27,115

48 Monno Jute Staffllers Ltd. 2,000 10 10.00 2,000

49 National Bank Ltd. 7,238 10 6.00 4,343

50 National Tea Co. Ltd. 143,810 10 30.00 431,430

51 Nitol Insurance Co. Ltd. 12,528 10 10.00 12,528

52 One Bank Ltd. 13 10 5.00 22

53 Orion Pharma Ltd. 60,000 10 20.00 120,000

54 Padma Oil Co. Ltd. 112,050 10 65.00 728,325

55 Padma Oil Co. Ltd. 49,800 10 50.00 249,000

56 Paramount Insurance Co. Ltd. 7,161 10 5.00 3,581

57 Phoniex Finance 1st Mutual Fund 15,000 10 5.00 7,500

58 Power Grid Co. BD Ltd. 92,500 10 10.00 92,500

59 Pragati Insurance Ltd. 3,355 10 7.50 2,516

60 Prime Bank 1st ICB Mutual Fund 47,000 10 5.00 23,500

61 Prime Bank Ltd. 39,330 10 10.00 39,330

62 Prime Finance 1st Mutual Fund 4,000 10 10.00 4,000

63 Prime Islami Life Insurance Co. Ltd. 6,391 10 15.00 9,651

64 Prime Textile Spinning Mills Ltd. 14,000 10 10.00 14,000

65 RAK Ceramics BD Ltd. 47,350 10 15.00 71,025

66 Reckitt Benkiser (BD) Ltd. 19,300 10 150.00 289,500

67 Renata Ltd. 512,487 10 60.00 3,075,037

68 Social Islami Bank Ltd. 5,382 10 5.00 2,691

69 Southeast Bank Ltd. 65,583 10 15.00 98,375

70 Square Pharmaceuticals Ltd. 70,560 10 25.00 176,400

71 Square Textiles Ltd. 12,057 10 18.00 21,703

72 Summit Alliance Port Ltd. 2,585 10 10.00 2,599

73 Titas Gas Trans. & Dist. Co. Ltd. 104,800 10 30.00 314,400

74 Trust Bank 1st Mutual Fund 54,000 10 5.00 27,000

75 Unique Hotel & Resorts Ltd. 1,725 10 25.00 4,313


77 United Leasing Co. Ltd. 33,292 10 5.00 16,646

78 Uttara Finance & Investment Ltd. 2,464 10 20.00 4,957

Total: 3,182,424 12,438,843


Statement of Dividend Receivable for FY 2012-13

cwiwkó-1.2

Annexure1.2

Sl

No Name of the Company

No. of

Shares

Held

Par

Value

(Tk.)

Rate of

Dividend (%)

Amount

Receivable (Tk.)

Dividend Receivable for More than one year :

1 AB Bank Ltd. 305 10 15.00 3,941

2 Aramit Ltd. 4,000 10 45.00 18,000

3 BATBC 131,324 10 70.00 919,268

4 BD Com Online Ltd. 3,125 10 1000.00 3,125

5 Fine Foods Ltd. 33,000 10 500.00 16,500

6 First Lease Finance & Inv. Ltd. 712 10 10.00 712

7 Gachihata Aqua Firm Ltd. 5,000 10 1000.00 42,500


9 Renata Ltd. 17,579 10 50.00 878,950



12 United Leasing Co. Ltd. 2,940 10 7.50 15


Total (A) 2,284,481

Dividend Receivable for less than one year :


2 Nitol Insurance Co. Ltd. 12,528 10 10.00 12,528

3 Dhaka Insurance Ltd. 5,000 10 20.00 10,000

4 Reckitt Benkiser (BD) Ltd. 19,300 10 150.00 289,500

5 Aramit Ltd. 143,175 10 50.00 715,875


7 ACI Ltd. 3,276 10 80.00 26,208



10 Square Textiles Ltd. 12,057 10 18.00 21,703

11 Renata Ltd. 512,487 10 60.00 3,074,922

12 Monno Jute Stafllers Ltd. 2,000 10 10.00 2,000

13 National Bank Ltd. 7,238 10 6.00 4,343


15 Golden Son Ltd. 13,411 10 5.00 6,706




19 Orion Pharma Ltd. 60,000 10 20.00 120,000


Total (B) 4,831,468

Grand Total (A+B) 7,115,949


Individual Portfolio Report

cwiwkó-1.3 Annexure1.3

SL.


No. of

Shares

Par

Value

Average

cost price

per share

on

30.06.13

Total cost

price (Tk.)

30.06.13

Market

price per

share on

30.06.13

Total market

price (Tk.)

30.06.2013

1 AB Bank Ltd. 852 10 3.30 2,809 28.20 24,026

2 Al- Arafah Islami Bank Ltd. 2,734 10 10.01 27,368 15.90 43,471

3 Bank Asia Ltd. 95,779 10 16.35 1,566,130 19.30 1,848,535

4 Brac Bank Ltd. 9,227 10 5.55 51,248 29.90 275,887

5 Dhaka Bank Ltd. 20,289 10 1.03 20,933 23.90 484,907

6 Eastern Bank Ltd. 3,552 10 40.05 142,262 27.00 95,904

7 Exim Bank of BD Ltd. 30,382 10 9.58 291,077 14.10 428,386

8 First Security Islami Bank Ltd. 20,350 10 5.98 121,642 13.80 280,830

9 IFIC Bank Ltd. 163,583 10 45.25 7,402,203 21.90 3,582,468

10 Islami Bank BD Ltd. 23,160 10 19.16 443,704 38.30 887,028

11 Jamuna Bank Ltd. 59,040 10 27.60 1,629,700 15.80 932,832

12 Mercantile Bank Ltd. 24,746 10 8.23 203,627 13.30 329,122

13 Mutual Trust Bank Ltd. 112,409 10 10.15 1,140,609 17.10 1,922,194

14 N C C Bank Ltd. 25,692 10 7.21 185,151 13.30 341,704

15 National Bank Ltd. 7,238 10 10.33 74,758 13.30 96,265

16 One Bank Ltd. 14 10 46.34 649 15.80 221

17 Premier Bank Ltd. 6,285 10 2.73 17,142 12.30 77,306

18 Prime Bank Ltd. 43,263 10 33.96 1,469,269 28.20 1,220,017

19 Shahjalal Islami Bank Ltd. 9,350 10 2.72 25,457 18.80 175,780

20 Social Islami Bank Ltd. 5,920 10 8.83 60,055 15.00 102,000

21 Southeast Bank Ltd. 65,583 10 14.25 934,389 16.90 1,108,353

22 Standard Bank Ltd. 182,070 10 4.74 863,303 16.30 2,967,741

23 Trust Bank Ltd. 81,595 10 26.54 2,165,230 21.90 1,786,931

24 Heidelberg Cement BD. Ltd. 12,700 10 277.39 3,522,855 335.00 4,254,500

25 Lafarge Surma Cement Ltd. 91,000 10 31.09 2,829,044 32.80 2,984,800

26 Meghna Cement Mills Ltd. 1,500 10 147.17 220,750 106.60 159,900

27 Premier Cement Mills Ltd. 2,000 10 22.00 44,000 109.90 219,800

28 Rak Ceramics(BD) Ltd. 52,085 10 53.66 2,794,800 52.20 2,718,837

29 Aftab Automobiles Ltd. 7,616 10 4.73 36,002 121.30 923,821

30 Bengal Steel Ltd. 50,000 10 10.00 500,000 20.00 1,000,000

31 BSRM Steels Ltd. 2,520 10 22.47 56,618 80.00 201,600

32 Golden Son Ltd. 13,411 10 54.07 725,147 43.10 578,014

33 Jago Corporation Ltd. 10,000 100 100.00 1,000,000 100.00 1,000,000

34 Monno Jute Stafllers 2,000 10 30.35 60,704 170.40 340,800

35 Monno Jutex Ltd. 2,115 10 56.46 119,408 1,221.25 2,582,944

36 AB Biscuit Co. Ltd. 20 100 183.50 3,670 183.50 3,670

37 Apex Foods Ltd. 8,650 10 40.71 352,133 84.70 732,655

38 B A T B C 13,740 10 3.14 43,106 1,065.30 14,637,222

39 Cvo Petrochem Refinery Ltd. 2,880 10 226.22 651,520 347.50 1,000,800

40 Fine Foods Ltd. 1,423 10 0.00 0 16.70 23,764

41 Gachihata Aqu Firm Ltd 6,100 100 85.93 524,150 80.25 489,525

SL.


No. of

Shares

Par

Value

Average

cost price

(Tk.)

per share

on

30.06.13

Total cost price

(Tk.)

on 30.06.13

Market

price

(Tk.)

per share

on

30.06.13

Total market

price (Tk.) on

30.06.2013

42 Golden Har Agro Ind. Ltd. 25,980 10 20.83 541,250 46.00 1,195,080

43 N.T.C. 143,810 10 10.84 1,558,226 811.00 116,629,910

44 Rangpur Dai & Fo Prod Ltd. 2,464 10 14.61 36,000 20.30 50,019

45 Dhaka Elect Supply Co. Ltd. 28,503 10 29.21 832,438 89.70 2,556,719

46 Gbb Power Ltd. 78,000 10 32.00 2,496,000 29.30 2,285,400

47 Jamuna Oil Co. Ltd. 10,592 10 71.46 756,956 229.10 2,426,627

48 Linde Bangladesh Ltd. 12,650 10 1.98 25,096 581.40 7,354,710

49 Meghna Petroleum Ltd. 132,409 10 157.79 20,893,319 237.80 31,486,860

50 MJL Bangladesh Ltd. 800 10 75.30 60,240 77.70 62,160

51 Padma Oil Co. Ltd. 9,267 10 9.19 85,198 293.00 2,715,231

52 Power Grid Co. BD. Ltd. 109,250 10 57.95 6,330,558 63.50 6,937,375

53 Summit Power Ltd. 25,000 10 32.11 802,874 39.80 995,000

54 Summit Pu. Power Co Ltd 5,460 10 30.77 168,000 72.30 394,758

55 Titas Gas Trans & D.C.Ltd. 62,040 10 60.09 3,728,063 82.20 5,099,688

56 Aamra Technologies Ltd. 2,700 10 20.00 54,000 40.60 109,620

57 Bangladesh Online Ltd. 1,090 10 4.75 5,173 105.80 115,322

58 Bangladesh Sub. Cable Co. 19,090 10 63.17 1,206,000 231.00 4,409,790

59 Agrani Insurance Co. Ltd. 11,297 10 19.08 215,492 25.00 282,425

60 Asia Insurance Ltd. 9,545 10 11.17 106,600 30.30 289,214

61 Asia Pacific Gen Insurance 8,000 10 13.74 109,940 34.10 272,800

62 City Gen Insurance Co. Ltd. 6,125 10 7.69 47,082 26.80 164,150

63 Continental Insurance Ltd. 11,066 10 9.72 107,538 28.60 316,488

64 Dhaka Insurance Ltd. 4,000 10 4.42 17,692 42.40 169,600

65 Global Insurance Ltd. 2,661 10 13.06 34,750 34.20 91,006

66 Islami Insurance BD Ltd. 4,620 10 6.99 32,308 26.80 123,816

67 Mercantile Insurance Co. Ltd 12,314 10 14.77 181,868 25.80 317,701

68 Nitol Insurance Co. Ltd. 12,528 10 24.70 309,469 35.60 445,997

69 Northern Gen Insurance Co 5,705 10 5.26 30,000 43.90 250,450

70 Padma Islami Life Insurance 2,500 10 10.00 25,000 67.00 167,500

71 Paramount Ins Co. Ltd. 7,161 10 7.87 56,364 24.00 171,864

72 Pragati Insurance Ltd. 3,606 10 88.38 318,700 58.60 211,312

73 Prime Insurance Co. Ltd. 19,177 10 10.06 192,850 33.30 638,594

74 Prime Islami Life Ins Ltd. 7,349 10 3.76 27,623 105.30 773,850

75 Provati Insurance Co. Ltd. 6,160 10 7.97 49,112 28.70 176,792

76 Republic Insurance Co. Ltd. 5,324 10 7.51 40,000 62.30 331,685

77 Rupali Life Ins Co. Ltd. 5,374 10 7.00 37,601 113.00 607,262

78 Standard Insurance Ltd. 6,886 10 7.39 50,909 39.70 273,374

79 Sunlife Insurance Co. Ltd. 4,000 10 10.00 40,000 63.60 254,400

80 Takaful Islami Insurance Ltd. 2,649 10 7.47 19,800 34.80 108,298

81 Al-Arafah Bank 1st M F 405 10 0.00 0 7.00 2,835

82 DBH First Mutual Fund 22,500 10 10.00 225,000 6.80 153,000

83 EBL First Mutual Fund 59,500 10 10.00 595,000 9.10 541,450

84 Exim Bank 1st MF 100,000 10 10.00 1,000,000 10.00 1,000,000

85 FAS Finance & Inves. Ltd. 23,619 10 9.65 227,818 17.00 401,523

86 First Janata Bank M F 137,000 10 9.03 1,237,600 6.80 931,600

SL.


No. of

Shares

Par

Value

Average

cost price

(Tk.)

per share

on

30.06.13

Total cost price

(Tk.)

on 30.06.13

Market

price

(Tk.)

per share

on

30.06.13

Total market

price (Tk.) on

30.06.2013

87 Grameen One : ScheTwo 3,300 10 9.09 30,000 20.90 68,970

88 Green Delta Mutual Fund 127,000 10 8.12 1,031,100 6.10 774,700

89 ICB AMCL First Mutual Fund 21,500 10 19.68 423,054 45.80 984,700

90 ICB AMCL Islamic M F 26,500 10 26.33 697,700 21.40 567,100

91 ICB AMCL Second M F 132,500 10 10.46 1,385,750 6.90 914,250

92 ICB AMCL 2nd NRB M.F. 30,000 10 10.00 300,000 13.20 396,000

93 ICB AMCL Sonali Bank 1st MF 695,500 10 10.00 6,955,000 10.50 7,302,750

94 ICB AMCL Third NRB M F 83,000 10 9.41 780,900 6.20 514,600

95 ICB Emp.Prov.M.F.One:S.O 154,000 10 9.68 1,490,600 7.30 1,124,200

96 IFIC Bank 1st MF 26,000 10 10.00 260,000 8.60 223,600

97 Ifil Islamic Mutual Fund-1 110,500 10 8.27 913,800 5.80 640,900

98 Mbl 1st Mutual Fund 84,000 10 10.00 840,000 6.50 546,000

99 Nccbl Mutual Fund-1 50,000 10 10.00 500,000 10.30 515,000

100 Phoenix Finance 1st MF 15,000 10 10.00 150,000 6.60 99,000

101 Popular Life First M F 33,500 10 10.00 335,000 7.30 244,550

102 Prime Bank 1st ICB AMCL MF 47,000 10 8.95 420,800 7.10 333,700

103 Prime Finance First M F 4,000 10 10.00 40,000 18.90 75,600

104 Trust Bank 1st Mutual Fund 44,000 10 10.13 445,648 9.90 435,600

105 Jute Spinners Ltd. 15,400 10 12.17 187,478 77.30 1,190,420

106 Aramit Ltd. 143,175 10 2.88 412,184 210.70 30,166,973

107 Bangladesh Shi Corp.(BSC) 5,820 100 458.76 2,670,000 447.25 2,602,995

108 Bengal Windsor The Ltd. 6,600 10 25.00 165,000 47.80 315,480

109 Beximco Ltd.(Share) 29,736 10 77.79 2,313,213 41.70 1,239,991

110 Global Heavy Chem Ltd. 5,000 10 20.00 100,000 48.10 240,500

111 Miracle Industries Ltd. 616 10 2.43 1,495 12.20 7,515

112 BD Fin. & Inv. Co. Ltd 522 10 8.57 4,471 22.80 11,902

113 Bangladesh Inds. Fin Co. 8,470 10 5.77 48,873 17.50 148,225

114 Bay Leasing & Inves Ltd. 1,860 10 13.89 25,833 36.30 67,518

115 Delta Brac Housing Fin Cor 11,063 10 4.89 54,083 66.20 732,371

116 First Lease Fin. & Inv. Ltd. 10,215 10 6.66 68,056 35.00 357,525

117 GSP Finance Co. (BD) Ltd. 12,100 10 22.73 275,000 27.40 331,540

118 I P D C 506 10 22.41 11,339 18.10 9,159

119 Intl. Leasing & Fin. Services 5,313 10 8.49 45,122 17.30 91,915

120 Phoenix Finance & Inv. Ltd 23,137 10 8.47 195,882 36.80 851,442

121 Premier Leasing & Fin. Ltd. 27,594 10 7.36 202,984 11.20 309,053

122 Union Capital Ltd. 3,640 10 20.59 74,947 32.20 117,208

123 United Leasing Co. Ltd. 38,285 10 3.86 147,854 30.30 1,160,036

124 Uttara Finance & Invest. Ltd 2,710 10 23.99 65,019 77.10 208,941

125 Paper Converting & Pack. 300 100 100.00 30,000 100.00 30,000

126 ACI Formulations Ltd. 33,150 10 72.47 2,402,280 77.90 2,582,385

127 ACI Ltd. 3,981 10 14.69 58,488 149.10 593,567

128 Active Fine Chemicals Ltd. 862 10 5.80 5,000 72.70 62,667

129 Beacon Pharma Ltd. 47,600 10 9.52 453,334 14.10 671,160

130 Beximco Pharma Ltd. 46,647 10 10.10 471,217 52.20 2,434,973

131 Glaxo Smithkline (BD) Ltd. 22,950 10 6.68 153,280 633.00 14,527,350

SL.


No. of

Shares

Par

Value

Average

cost price

(Tk.)

per share

on

30.06.13

Total cost price

(Tk.)

On 30.06.13

Market

price

(Tk.)

per share

on

30.06.13

Total market

price (Tk.) on

30.06.2013

132 Imam Button Industries Ltd. 8,550 10 8.65 73,936 7.80 66,690

133 Keya Cosmetics Ltd. 798 10 10.04 8,010 27.90 22,264

134 Orion Pharma Ltd. 55,000 10 60.00 3,300,000 68.50 3,767,500

135 Reckitt Benckiser (BD) Ltd. 19,300 10 2.16 41,629 681.80 13,158,740

136 Renata Ltd. 512,487 10 5.85 2,997,498 658.20 337,318,943

137 Salvo Chemical Industry Ltd. 1,267 10 7.89 10,000 18.90 23,946

138 Square Pharmaceuticals Ltd. 79,284 10 101.01 8,008,860 220.00 17,442,480

139 Summit Alliance Port Ltd. 2,843 10 4.29 12,208 28.70 81,594

140 Unique Hotel & Res Ltd. 1,725 10 65.22 112,500 114.10 196,823

141 Grameenphone Ltd. 180,600 10 181.32 32,746,773 178.90 32,309,340

142 Apex Spinning & Knitting 2,400 10 18.30 43,920 61.70 148,080

143 Ashraf Textile Mills Ltd. 32 10 6.35 203 17.80 570

144 Envoy Textiles Ltd. 5,410 10 26.62 144,000 45.50 246,155

145 Familytex (BD) Ltd. 10,000 10 10.00 100,000 35.90 359,000

146 Generation Next Fas Ltd. 5,400 10 5.56 30,000 20.80 112,320

147 Maksons Spinning Mills Ltd. 18,396 10 19.66 361,643 13.30 244,667

148 Malek Spinning Mills Ltd. 48,400 10 20.66 1,000,000 24.50 1,185,800

149 Metro Spinning Mills Ltd. 8,349 10 6.79 56,682 14.60 121,895

150 Prime Textile Spin.Mills Ltd. 14,000 10 13.32 186,421 20.00 280,000

151 R. N. Spinning Mills Ltd. 3,172 10 11.18 35,477 25.10 79,617

152 Square Textiles Ltd 13,865 10 93.17 1,291,862 88.30 1,224,280

153 The Dacca Dy. & Man. Co. Ltd. 155 10 0.00 0 30.40 4,712

154 IBBL Mudaraba Perpetual Bond 5,700 1000 983.69 5,607,005 936.50 5,338,050

Total 5,634,734 161,048,539 737,715,307


Statement of Profit on Sale of Securities During 2012-13


Sl.


No. of

Shares

Sold

Cost

price

Per

Share

(Taka)

Selling

Price

Per

Share

(Taka)

Total Cost

Price (Taka)

Total Selling

Price (Taka)

Capital Gain

(Taka)

1 Islami Bank BD Ltd. 150,000 19.16 39.90 2,873,715 5,985,000 3,111,285

2 Premier Cement Mills Ltd. 6,400 22.00 112.12 140,800 717,560 576,760

3 Aftab Automobiles Ltd. 1,000 4.73 98.50 4,727 98,500 93,773

4 Apex Foods Ltd. 53,450 40.71 91.04 2,175,912 4,865,825 2,689,913

5 Golden Harvest Agro Ind. Ltd. 20,100 20.83 37.31 418,750 749,880 331,130

6 Dhaka Electric Supply Co. Ltd. 9,000 32.61 86.86 293,507 781,700 488,193

7 Jamuna Oil Co. Ltd. 1,500 71.46 207.40 107,197 311,100 203,903

8 Padma Oil Co. Ltd. 142,000 9.75 195.45 1,383,902 27,754,000 26,370,098

9 Power Grid Co. BD. Ltd. 500 63.84 71.80 31,919 35,900 3,981

10 Summit Power Ltd. 50,000 32.12 42.50 1,605,750 2,125,000 519,250

11 Summit Purba Power Co. Ltd. 132,200 40.00 59.43 5,288,000 7,856,660 2,568,660

12 Titas Gas Trans & D.C.L 50,000 60.09 83.00 3,004,560 4,150,000 1,145,440

13 Aamra Technologies Ltd. 14,000 24.00 57.34 336,000 802,700 466,700

14 Bangladesh Sub. Cable Co. 7,000 35.00 146.39 245,000 1,024,700 779,700

15 City General Insurance Co. Ltd 2,000 8.74 32.80 17,480 65,600 48,120

16 Dhaka Insurance Ltd. 1,000 4.42 47.50 4,423 47,500 43,077

17 Mercantile Insurance Co. Ltd 5,000 14.77 39.50 73,846 197,500 123,654

18 Provati Insurance Co. Ltd. 1,500 7.97 30.90 11,959 46,350 34,391

19 Rupali Life Insurance Co. Ltd. 1,500 7.00 124.50 10,495 186,750 176,255

20 Sunlife Insurance Co. Ltd. 1,000 10.00 102.00 10,000 102,000 92,000

21 EBL First Mutual Fund 10,000 10.00 11.50 100,000 115,000 15,000

22 ICB AMCL Sonali Bank 1st MF 275,000 10.00 12.30 2,750,000 3,382,200 632,200

23 Trust Bank 1st Mutual Fund 10,000 10.13 11.20 101,283 112,000 10,717

24 Bengal Windsor Thermo Ltd. 8,000 25.00 58.63 200,000 469,000 269,000

25 Global Heavy Chemicals Ltd. 2,250 20.00 96.72 45,000 217,625 172,625

26 Beacon Pharmaceuticals Ltd. 40,000 9.52 27.08 380,952 1,083,000 702,048

27 Orion Pharma Ltd. 70,400 60.00 73.35 4,224,000 5,163,720 939,720

28 Square Pharmaceuticals Ltd. 24,000 101.01 178.08 2,424,355 4,274,000 1,849,645

29 Envoy Textiles Ltd. 17,600 30.00 54.61 528,000 961,180 433,180

30 Familytex (BD) Ltd. 19,000 10.00 44.82 190,000 851,500 661,500

31 Generation Next Fashions Ltd. 19,500 10.00 37.65 195,000 734,150 539,150

Total 29,176,532 75,267,600 46,091,068

33

wØZxq AvBwmwe wgDPyq¨vj dvÛ Second ICB Mutual Fund jf¨vsk I my Avq 2012-13 A_©eQ‡i G dvÛ †gvU 75wU wmwKDwiwUR n‡Z 47.18 j¶ UvKv jf¨vsk I my eve` Avq K‡i‡Q hvi g‡a¨ 43.12 j¶ UvKv (91.37 kZvsk) 30 Ryb 2013 Zvwi‡Li g‡a¨ bM‡` cvIqv hvq| ‡hLv‡b GB dvÛ 2011-12 A_©eQ‡i jf¨vsk I my eve` Avq K‡iwQj 42.41 j¶ UvKv hvi g‡a¨ bM‡` cvIqv wM‡qwQj 38.58 j¶ UvKv| 2012-13 A_©eQ‡ii †Kv¤úvwb wfwËK jf¨vsk I my Avq Ges cÖvc¨ jf¨vsk I my‡ì we —vwiZ weeiY h_vµ‡g cwiwkó-2.1 Ges cwiwkó-2.2 G †`Lv‡bv n‡q‡Q|


2012-13 A_©eQ‡i G dvÛ 22wU ‡Kv¤úvwbi wmwKDwiwUR weµq K‡i 2011-12 A_©eQ‡ii 150.96 j¶ UvKvi wecix‡Z 187.60 j¶ UvKv gyjabx gybvdv AR©b K‡i‡Q| g~jabx gybvdv AR©‡bi we —vwiZ weeiY cwiwkó-2.4 G †`Lv‡bv n‡q‡Q|

Dividend and Interest Income

The Fund has earned an amount of Tk. 47.18 lac as

dividend and interest from investment of securities

of 75 companies during 2012-13 of which, Tk.



an amount of 42.41 lac as dividend and interest

income of which Tk. 38.58 lac was received in

cash. Details of the dividend and interest income

and receivables in the FY 2012-13 are shown in



During 2012-13, the Fund has earned

Tk.187.60 lac as capital gains against Tk. 150.96

earned during 2011-12 by selling securities of 22


Annex-2.4.

Avq e¨q I eÈb‡hvM¨ gybvdv

‡kqvi Ges wW‡eÂvi/e‡Û wewb‡qvM n‡Z jf¨vsk I my eve` Avq 47.18 j¶ UvKv, e¨vsK Avgvb‡Zi Dci my 16.64 j¶ UvKv g~jabx gybvdv 187.60 j¶ UvKv Ges Ab¨vb¨ Avqmn Av‡jvP¨ A_©eQ‡i G dv‡Ûi †gvU Av‡qi cwigvY `vuovq 251.43 j¶ UvKv| ÷vd LiP, eë ’vcbv wd, gy ªY I †ókbvix, WvK I Zvi , AvBwmweÕi mv‡_ cwiPvwjZ PjwZ wnmv‡ei Dci my , e¨vsK PvR©, wewb‡qvM mwÂwZ Ges Ab vb LiP eve` †gvU 30.94 j¶ UvKv ev` †`qvi ci dv‡Ûi bxU Avq ùvovq 220.48 j¶ UvKv| c~e©eZx©© eQ‡ii Aew›UZ gybvdv 230.22 j¶ UvKv †hvM Kivi ci 30 Ryb 2013 Zvwi‡L dv‡Ûi bxU e›Ub‡hvM¨ Av‡qi cwigvY `vuovq 450.71 j¶ UvKv Ges mvwU©wd‡KU cÖwZ eÈb‡hvM¨ gybvdvi cwigvY ùvovq 90.14 UvKv|


During the year under review, the Fund earned a

gross income of Tk. 251.43 lac by way of dividend

and interest income from investment of shares and

debentures/bonds amounting to Tk. 47.18 lac, Tk.

16.64 lac as interest on bank deposits, Tk. 187.60

lac as capital gains and other income. After

deducting the total expenses of Tk. 30.94 lac

incurred as staff expenses, management fee,

printing and stationery, postage and telegram,

interest on current account with ICB, bank

charges, provision against investment and others,

the net income of the Fund stood at Tk. 220.48 lac.

Taking into account the previous year’s

undistributed income of Tk. 230.22 lac the Fund


lac and per certificate income of Tk. 90.14 as on 30

June 2013.

34

jf¨vsk

Av‡jvP¨ dvÛ 2012-13 A_©eQ‡i cÖwZwU 10.00 UvKv g~j¨gv‡bi mvwU©wd‡K‡Ui Rb¨ 375.00 na¡wn nv‡i jf¨vsk †NvlYv K‡i‡Q hv c~e©eZx© eQ‡i wQj 300.00 kZvsk| jf¨vsk cÖ v‡bi Rb¨ †gvU 187.50 j¶ UvKvi ms ’vb ivLvi ci dv‡Û 263.21 j¶ UvKv Aew›UZ gybvdv _v‡K| mviYx- 2.1 G dv‡Ûi eQiIqvix jf¨vs‡ki nvi cÖ wk©Z nj :

Dividend


per cent per certificate of Tk.10.00 each for the

year 2012-13, which was 300.00 per cent per

certificate in the previous year. After making

provision of Tk. 187.50 lac for payment of

dividend the Fund has an undistributed income of

Tk. 263.21 lac. The year wise dividend

performance of the Fund is shown at Table-2.1 :

Table –2.1: Year-wise dividend performance

Financial

year


year

Dividend percentage

Interim Final Total Interim Final Total 1984-85

1985-86

1986-87

1987-88

1988-89

1989-90

1990-91

1991-92

1992-93

1993-94

1994-95

1995-96

1996-97

1997-98

12.50

14.00

15.00

8.50

9.00

10.50

28.00

29.00

29.00

22.00

22.00

21.00

27.00

40.00

42.00

45.00

30.00

21.00

23.00

25.50

28.00

29.00

29.00

22.00

22.00

21.00

27.00

40.00

42.00

45.00

30.00

1998-99

1999-00

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

32.00

35.00

40.00

42.00

45.00

50.00

55.00

55.00

62.00

75.00

95.00

200.00

250.00

300.00

375.00

32.00

35.00

40.00

42.00

45.00

50.00

55.00

55.00

62.00

75.00

95.00

200.00

250.00

300.00

375.00

cÎ‡Kvl

2012-13 A_©eQ‡i G dvÛ KZ©„K 1631702 wU wmwKDwiwU‡R 408.65 j¶ UvKv wewb‡qvM Kiv n‡q‡Q| 30 Ryb 2013 Zvwi‡L G dv‡Ûi cÎ‡Kv‡l 975.67 j¶ UvKv µqg~‡j¨i 132 wU ‡Kv¤úvwb Ges 22 wU wgDPy qvj dv‡Ûi wmwKDwiwUR wQj hvi evRvi g~j wQj 1733.82 j¶ UvKv| 30 Ryb 2013 Zvwi‡L dv‡Ûi cÎ‡Kv‡li we —v wiZ weeiY cwiwkó-2.3 G cÖ wk©Z n‡q‡Q|

30 Ryb 2013 Zvwi‡L cÖwZwU 10.00 UvKv g~j¨gv‡bi wØZxq AvBwmwe wgDPyq vj dvÛ mvwU©wd‡K‡Ui jf vsk cieZx© bxU m¤c`g~j uvovq 215.61 UvKv|

XvKv ÷K G·‡PÄ wjt-G 2012-13 A_©eQ‡i 10.00 UvKv g~j¨gv‡bi wØZxq AvBwmwe wgDPyq vj dv‡Ûi mvwU©wd‡KU cÖwZ cÖviw¤¢K I mgvcYx evRvi g~j wQj h_vµ‡g 200.00 UvKv I 305.50 UvKv|

30 Ryb 2013 Zvwi‡L dv‡Ûi mvwU©wd‡KU ‡nvìvi‡ i msL v wQj 858 Rb|

Portfolio

During 2012-13, the Fund has made an investment of Tk.

408.65 lac in securities of different sectors. As on 30 June

2013 the Fund had securities of 132 companies and 22

mutual funds in its portfolio with a total cost of Tk. 975.67

lac, the market value of which was Tk. 1733.82 lac. Details

of the portfolio of the Fund as on 30 June 2013 are given in

Annex-2.3

The ex-dividend net asset value per certificate of Second

ICB Mutual Fund of Tk.10.00 each stood at Tk. 215.61 as

on 30 June 2013.


certificate of the Second ICB Mutual Fund of Tk. 10.00

each was Tk. 200.00 and Tk. 305.50 respectively during

2012-13.

The number of certificate holders of the Fund was 858 as

on 30 June 2013.

35

AUDITORS’ REPORT to the Certificate Holders’ of Second ICB Mutual Fund

We have audited the accompanying Financial Statements of Second ICB Mutual Fund (the “Fund”) which

comprise the Statement of Financial Position as at 30 June 2013, Statement of Comprehensive Income,

Statement of changes in equity, statement of cash flows for the year ended, and a summary of significant

accounting policies and other explanatory information.


Management is responsible for the preparation and fair presentation of these financial statements of the Fund

in accordance with Bangladesh Financial Reporting Standards, and for such internal control as management

determines is necessary to enable the preparation of these financial statements of the Fund that are free from

material misstatement, whether due to fraud or error.


Our responsibility is to express an opinion on these financial statements of the Fund based on our audit. We

conducted our audit in accordance with Bangladesh Standards on Auditing. Those standards require that we

comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about

whether the financial statements of the Fund are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the

financial statements. The procedures selected depend on our judgment, including the assessment of the risks

of material misstatement of the financial statements of the Fund, whether due to fraud or error. In making

those risk assessments, we consider internal control relevant to the entity’s preparation and fair presentation

of the financial statements of the Fund in order to design audit procedures that are appropriate in the

circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal

control. An audit also includes evaluating the appropriateness of accounting policies used and the

reasonableness of accounting estimates made by management, as well as evaluating the overall presentation

of the financial statements of the Fund.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our

audit opinion.

Opinion

In our opinion, except for the effects on the financial statements of the matter discussed in the emphasis of

matter paragraph, the financial statements of the Fund prepared in accordance with the Bangladesh Financial

Reporting Standards (BFRS), give a true and fair view of the financial position of the Fund as at 30 June

2013 and the results of its financial performance and its cash flows for the year ended 30 June 2013 and

comply with the ICB Ordinance 1976, the Mutual Fund Regulations 1993, the Securities and Exchange

Rules 1987 and other applicable laws and regulations.

36

Emphasis of Matter

We draw attention to note 26 of the financial statements which describes the deviation of few requirements

of BAS/BFRS due to considering volatile stock market scenario and conservative policy of fund

management. Our opinion is not qualified in this matter.










K. M. Alam & Co.



Dhaka, 29 July 2013

37

Second ICB Mutual Fund


Notes

Amount in Taka

Particulars 30-Jun-13 30-Jun-12

Assets :


Cash at Bank 5 8,518,884 26,091,848

Dividend and Interest Receivable 6 952,530 929,119

Receivable Installments of Investments 7 856,329 856,329


Other Receivables 8 - 296,929

Total Assets 117,894,683 108,617,876

Liabilities :




Provision for Possible Fluctuation of Investment 12 39,104,000 39,104,000

Provision for Dividend & Interest Receivable 13 489,164 489,164

Other Liabilities 14 882,773 347,782


Net Assets 50,741,164 43,692,944

Net assets consists of:

Capital Fund 15 5,000,000 5,000,000

General Reserve 16 670,588 670,588


50,741,164 43,692,944

Net Asset Value (NAV) per share :

Net Assets-at Cost 50,741,164 43,692,944

Net Assets-at Market Value 126,556,487 121,796,147

Share of Capital stock Outstanding 500,000 500,000

Net Assets Value-at Cost 101.48 87.39

Net Assets Value-at Market Value 253.11 243.59

The Annexed Notes 1 to 26 form an Integral Part of these Financial Statements.

Dr. S.M. Mahfuzur Rahman Md. Fayekuzzaman Kazi Shofiqul Azam S.M. Aminur Rahman





Dhaka, 29 July 2013


38

Investment Corporation of Bangladesh Second ICB Mutual Fund

Statement of Comprehensive Income for the year ended 30 June, 2013

Particulars Notes

Amount in Taka

Income: 30-Jun-13 30-Jun-12

Dividend and Interest 18 4,718,424 4,241,027


Interest on Current Account with ICB - -

Net Realized gain on Investment 18,759,775 15,096,134

Others 20 22 -

25,142,525 21,249,013

Expenses:

Staff Expenses 21 794,528 496,075

Management Fee 22 50,000 50,000

Listing Fee 23 20,000 20,000

Audit Fee 14,500 15,000





Others 24 350,413 188,549

3,094,306 826,191


Provision:

Provision for Loss on Value of Investments - -

Provision for Possible Fluctuation of Investment - 2,400,000

- 2,400,000

Net Income for the year 22,048,219 18,022,822


Distributable Income Carried to Statement of Financial

Position 45,070,576 38,022,356

Earning per certificate during the year 44.10 36.05 311.23





K. M. Alam & Co. Syful Shamsul Alam & Co. Chartered Accountants

Dhaka, 29 July 2013 Chartered Accountants

39


Statement of Changes in Equity for the year ended 30 June, 2013

Particulars Capital fund General

Reserve

Distributable

Income

Total

Balance as at 01 July 2011

Net income for the year

Dividend

5,000,000

-

-

670,588

-

-

32,499,534

18,022,822

(12,500,000)

38,170,122

18,022,822

(12,500,000)

Balance as at 30 June 2012

Net income for the year

Dividend

5,000,000

-

-

670,588

-

-

38,022,357

22,048,219

(15,000,000)

43,692,945

22,048,219

(15,000,000)

Balance as at 30 June 2013 5,000,000 670,588 45,070,576 50,741,164




Dhaka, 29 July 2013

40


Statement of Cash flows for the year ended 30 June, 2013


30-Jun-13 30-Jun-12

Cash Flows from Operating Activities:

Net Income Before Provision 22,048,219 20,422,822

Adjustment for:


Dividend and Interest Receivable (23,411) (65,947)


Other Liabilities 534,991 (26,091)

Sale/(Purchase) of Marketable Investments (net) (17,123,289) (12,504,459)

Accrued Expenses (983) 29,551

Net Cash Inflows from Operating Activities (4,267,544) 7,558,947


Dividend Paid (12,864,572) (10,056,230)

Tax at Source Paid (440,848) (393,600)

Net Cash Outflows from Financing Activities (13,305,420) (10,449,830)

Net Increase/(Decrease) in Cash (17,572,964) (2,890,883)

Cash and Cash Equivalents at Beginning of the Year 26,091,848 28,982,732





Dhaka, 29 July 2013

41


Notes to the Financial Statements

For the year ended 30 June 2013


1.1 Status of the fund





Keeping in line with these objectives, the Second ICB Mutual Fund (the Fund) was established in June 1987,

under Regulation 29A of ICB (General) Regulations with a total capital of Tk. 5,000,000.00 divided into

5,00,000 Certificates of Tk. 10 each. The management of the Fund is vested with ICB.

1.2 Nature of Business

The business of the Fund is to mobilize savings from the investors by way of selling certificates and investing

the funds in securities so as to ensure maximum return for certificate holders. This is a close-end Fund

invested in securities as a single account. Income, net of expenses, is distributable to certificate holders on a

yearly basis.



The financial statements have been accordance with Bangladesh Accounting Standards (BAS) and Bangladesh

Financial Reporting Standards (BFRS) and other applicable laws and regulations.






These financial statements are prepared in Bangladesh Taka (Taka/Tk.), which is the Fund’s functional

currency. All financial information presented in Taka and has been rounded off to the nearest integer.

42


The preparation of financial statements requires management to make judgment, estimates and assumptions

that affect the application of Accounting policies and the reported amounts of assets, liabilities, income and

expenses.




3. Significant Accounting Policies:


(i) Shares and redeemable value of debentures are stated at average cost price for purchases from primary and

secondary markets.

(ii) Profit / Loss on sale of shares is accounted for based on difference between average cost price and selling

price.


(iv) Bonus shares i.e. stock dividend received or receivable from various companies is not accounted for as

income rather included in the portfolio to reduce the average cost.

3.2 Taxation:

The Fund’s income is exempted from income tax vide Ministry of Finance SRO no. 88-L/80 of 01 April 1980.

3.3 Cash and Bank:


3.4 General:

(i) Except for certain expenses reflected in these financial statements all other expenses including premises

and equipment expenses are borne by ICB and, therefore, not reflected in these financial statements.

(ii) Management fee at the rate of one percent on capital fund is paid to ICB for management services and

support received from the Corporation.

(iii) Figures in these financial statements have been rounded off to the nearest Taka. Previous year's figures

have been rearranged wherever found necessary to conform to current year's presentation.

43

Amount in Taka

30-Jun-13 30-Jun-12


The market value of investments was Tk. 173,382,263.20 at the close of business on June 30, 2013

which indicates a surplus of Tk. 75,815,323.20 between market price and cost.


5 Cash at Bank

Agrani Bank (Amin Court Branch), STD A/c-0002154 72,453 70,530


IFIC Bank (Motijheel Branch), STD A/c- 863002745 8,871,789 6,044,499

IFIC Bank (Motijheel Branch), Current A/c-88878 (2,036,335) 10,500

IFIC Bank (Federation Branch), STD A/c-863001121 105,072 99,454







IFIC Bank (Federation Br.), STD A/c-1008-000119-041 18,681 18,562



IFIC Bank (Federation Br.), STD A/c-1008-000345-041 148,410 1,513,850

IFIC Bank (Federation Br.), STD A/c-1008-000435-041 1,040,900 -

Fixed Deposit A/C - 16,445,305

8,518,884 26,091,848

6 Dividend and Interest on Debenture Receivable

Dividend Receivable for more than one year 80,680 80,680

Interest on Debenture Receivable for more than one Year 465,296 465,296

Dividend Receivable for less than one Year 406,554 383,143

952,530 929,119

6.1 Movement of Dividend and Interest on Debenture Receivable

Opening Balance 929,119 863,173

Add: Addition During the Year 406,554 383,143

Less: Received During the Year (383,143) (317,197)

Closing Balance 952,530 929,119

(See Annexure-2.2 for Details)

7 Receivable Installments of Investments


Less: Adjustment During the Year - -

Closing Balance

856,329 856,329

Outstanding for more than one Year

8 Others Receivables



Less: Adjustment During the Year (296,929) -

(For Interest on FDR Receivable) - 296,929

44

Amount in Taka

30-Jun-13 30-Jun-12

9 Accrued Expenses

Audit Fee 14,500 15,000

CDBL Charge 7,749 8,231

Others/Advertisement bill 19,510 19,510

41,758 42,741



Add: Dividend Declared During the Year 15,000,000 12,500,000


Less: Tax Deducted at Source During the Year (440,848) (393,600)

10,070,102 8,375,522


Opening Balance 16,565,723 16,565,723

Add: Provision During the Year - -

Closing Balance 16,565,723 16,565,723

12 Provision for Possible Fluctuation of Price of Investment

Opening Balance 39,104,000 36,704,000

Add: Provision Made During the Year - 2,400,000

Closing Balance 39,104,000 39,104,000

13 Provision for Dividend & Interest Receivable 489,163.58 489,163.58

14 Other Liabilities


Add: Suspense During the Year 534,991 -

Less: Adjustment - (26,091)


15 Capital Fund 5,000,000 5,000,000

The Capital Fund is divided into 5,00,000 certificates of Tk.10 each fully paid up in cash.

16 General Reserve 670,588 670,588



Opening Balance 38,022,356 32,499,534

Less: Dividend Declared (15,000,000) (12,500,000)

23,022,356 19,999,534

Add: Net Income During the year 22,048,219 18,022,822

Closing Balance 45,070,576 38,022,356

45

Amount in Taka

30-Jun-13 30-Jun-12

18 Dividend & Interest Earned

Dividend 4,718,424 4,176,808

Interest - 64,219

Total: 4,718,424 4,241,027


19 Interest on Bank Deposits

Agrani Bank 4,866 4,498

IFIC Bank Ltd. 1,258,726 334,320

Standard Bank - -

ICB 400,712 1,473,035

UCBL - 100,000

Total: 1,664,304 1,911,853

20 Other Income 22 -

(Share Splitting Charges)

21 Staff Expenses

Basic Salary 286,011 205,172



Other Allowance (Note No.-21a) 276,012 150,443

794,528 496,075

21a. Other Allowance

Lunch Allowance 56,900 -

Overtime 1,500 -

Customer Service 3,750 -

Local Conveyance 4,375 -

Medical Expenses 10,427 7,216

Pension 48,292 34,879

Child Allowance 1,600 1,675

Housing Expenses 148,194 106,138

Conv. & Transport 731 413

Washing Allowance 244 122

276,012 150,443

22 Management Fee 50,000 50,000



23 Listing Fee



20,000 20,000

46

Amount in Taka

30-Jun-13 30-Jun-12

24 Others Expenses





CDBL Charge 129,938 66,191

SEC Yearly Fees 50,000 50,000

350,413 188,549

25 Disclosure of Deviations from few Requirements of BAS/BFRS

There have been few deviations from the requirements of BAS/BFRS which are shown below along with

financial impact where applicable:

(a) Investments in quoted and unquoted shares are revalued at year-end at cost price. However, adequate

provision is kept when market value is lower than cost price. Investments have not been accounted in market

value (MV) which is a very newly adopted accounting standard in Bangladesh. In the Financial Statement this

standard has not been considered due to volatile stock market scenario, conservative policy of fund

management and prevailing dividend policy of mutual fund. At the year-end market value (for quoted shares)

and book value (for unquoted shares) are higher than cost price by Tk.75,815,323.20

(b) Investments have been valued on aggregate portfolio basis and provision is required to be made

considering overall decrease in the value of investment. The fund maintains both provision for loss on value of

investment and provision for possible price fluctuation which are shown in Statement of Financial Position

under liabilities amounting to Tk.16,565,723.00 and Tk.39,104,000.00 respectively.

(c) Some disclosure and presentation requirements as per BFRS 7 and BAS 32 regarding risk management

have not been made in the financial statements. However, management of the fund is prudent in risk

management which is evident from steady growth of the fund. The fund is not exposed to any foreign currency

and interest rate risk.

26 Event after the Reporting Date

The Board of Directors of Investment Corporation of Bangladesh declared cash dividend of Tk. 37.50 per

certificate for the year ended 30 June 2013 in its meeting held on 29 July 2013.



47


Statement of Dividend & Interest Income During 2012-13


SL. No.

Name of the Company No. of Shares

Held

Par Value (Tk.)

Rate of Dividend Declared

(%)

Amount of Dividend Received

(Tk.)

1 ACI Formulations Ltd. 800 10 25.00 2,000.00

2 Ambee Pharmaceuticals Ltd. 11,250 10 33.00 22,500.00

3 ACI Ltd. 11,566 10 80.00 11,566.00

4 Anlima Yarn Dyeing Ltd. 323,000 10 10.00 323,000.00

5 Apex Foods Ltd. 9,400 10 18.00 16,560.00

6 Aramit Cement Ltd. 300 10 10.00 4,500.00

7 Aramit Ltd. 3,975 10 50.00 19,875.00

8 Asia Insurance Ltd. 57,920 10 10.00 57,920.00

9 Bangladesh Shipping Corporation Ltd. 5,175 100 10.00 51,750.00

10 Bangladesh Sub. Cable. Ltd. 13,900 10 20.00 27,800.00

11 BATBC 12,550 10 400.00 502,000.00

12 BATBC (Interim) 12,550 10 100.00 125,500.00

13 Bay Leasing & Investment Ltd. 3,720 10 15.00 5,580.00

14 BSRM Steels Ltd. 2,020 10 10.00 2,000.00

15 Continental Insurance Ltd. 17,314 10 10.00 17,314.00

16 Delta BRAC Housing Ltd. 3,520 10 10.00 3,520.00

17 DESCO 44,482 10 10.00 44,462.00

18 Eastern Bank Ltd. 4,092 10 20.00 8,184.00

19 Eastern Housing Ltd. 2,730 10 10.00 2,100.00

20 Eastern Insurance Co. Ltd. 8,938 10 18.00 71,504.00

21 Eastland Insurance 25,080 10 40.00 100,320.00

22 EBL 1st Mutual Fund 69,000 10 10.00 69,000.00

23 Envoy Textile Mills Ltd. 12,800 10 15.00 19,200.00

24 GBB Power Ltd. 62,400 10 5.00 31,200.00

25 Glaxo SmithKline BD Ltd. 2,500 10 150.00 37,500.00

26 Global Heavy Chemicals Ltd. 24,450 10 15.00 61,125.00

27 Golden Son Ltd. 1,500 10 5.00 3,750.00

28 Grameen One; Scheme Two 3,300 10 6.00 1,980.00

29 Grameen Phone Ltd. (Interim) 22,000 10 90.00 198,000.00

30 Grameenphone Ltd. 56,200 10 50.00 281,000.00

31 H.R. Textile Mills Ltd. 10,350 10 15.00 15,525.00

32 Heidelberg Cement Bangladesh Ltd. 2,900 10 50.00 14,500.00

33 IBBL Mudaraba Perpetual Bond 2,570 1000 13.58 349,006.00

34 ICB AMCL 1st M.F. 31,000 10 100.00 310,000.00

35 ICB AMCL 2nd M.F. 73,500 10 5.00 36,750.00

36 ICB AMCL 2nd NRB M.F. 5,000 10 23.00 11,500.00

48

SL.


No. of Shares

Held

Par

Value

(Tk.)

Rate of

Dividend

Declared

(%)

Amount of

Dividend

Received (Tk.)

37 ICB EPMF One: Scheme One 66,000 10 5.00 33,000.00

38 IFIC Bank 1st Mutual Fund 12,000 10 5.00 6,000.00

39 International Leasing & Finance Ser. Ltd. 2,268 10 5.00 1,134.00

40 IPDC 814 10 10.00 814.00

41 Jamuna Bank Ltd. 41,512 10 14.00 58,116.80

42 Jamuna Oil Co. Ltd. 13,728 10 45.00 61,776.00

43 Karnaphuli Insurance Co. Ltd. 57 10 12.50 102.60

44 Meghna Petroleum Ltd. 32,912 10 45.00 148,104.00

45 Mercantile Bank Ltd. 13,776 10 7.00 9,643.20

46 Monno Ceramic Ind. Ltd. 6,128 10 5.00 3,000.00

47 National Life Insurance Co. Ltd. 7,238 10 30.00 4,342.80

48 One Bank Ltd. 130 10 5.00 65.00

49 Orion Infusion Ltd. 80,400 10 16.00 128,000.00

50 Padma Oil Co. Ltd. 43,875 10 65.00 285,187.50

51 Padma Oil Co. Ltd. 19,500 10 50.00 97,500.00

52 Peoples Insurance Co. Ltd. 3,000 10 15.00 4,500.00

53 Phoniex Finance 1st M.F. 10,000 10 5.00 5,000.00

54 Pioneer Insurance Ltd. 825 10 10.00 412.50

55 Popular Life Insurance Co. Ltd. 5,692 10 32.00 5,692.00

56 Power Grid Company Ltd. 61,000 10 10.00 61,000.00

57 Pragati Insurance Ltd. 3,135 10 7.50 2,351.25

58 Prime Bank 1st ICB M.F. 62,000 10 5.00 31,000.00

59 Prime Bank Ltd. 24,930 10 10.00 24,930.00

60 Prime Finance 1st M.F. 4,000 10 10.00 4,000.00

61 Prime Islami Life Insurance Co. Ltd. 16,907 10 15.00 25,360.50

62 Prime Textile Spinning Mills Ltd. 50,000 10 10.00 50,000.00

63 RAK Ceramics Ltd. 29,270 10 15.00 43,905.00

64 Rangpur Foundry Ltd. 1,840 10 21.00 4,600.00

65 Reckitt Benkiser (BD) Ltd. 8,808 10 150.00 4,404.00

66 Renata Ltd. 61,000 10 60.00 122,000.00

67 Southeast Bank Ltd. 85,291 10 15.00 127,936.50

68 Square Pharmaceuticals Ltd. 44,600 10 25.00 111,500.00

69 Summit Alliance Port Ltd. 1,457 10 10.00 1,497.10

70 Titas Gas Trans. & Distri Co. Ltd. 108,300 10 30.00 324,900.00

71 Trust Bank 1st M.F. 51,500 10 5.00 25,750.00

72 Unique Hotel & Resorts Ltd. 1,600 10 15.00 2,400.00


74 United Leasing Co. Ltd. 42,456 10 5.00 21,228.00

75 Wata Chemicals Ltd. 9,600 10 12.00 11,520.00

Total : 1,983,221 4,718,424

49


Statement of dividend and Interest receivable for FY-2012-13


SL.

NO. Name of the Company

No. of Shares

Held

Par Value

(TK.)

Rate of Dividend

Declared (%) Amount Receivable (TK.)

A. Dividend Receivable for more than one year

1 BD Com Online Ltd. 500 10 10.00 500.00

2 BD Dyeing & Finish Ind. Ltd. 400 10 10.00 3,400.00

3 BD Dyeing & Finish Ind. Ltd. 400 10 10.00 3,400.00

4 Eastern Cables Ltd. 3,600 10 10.00 30,600.00

5 Fahad Industries Ltd. 3,500 10 50.00 1,750.00

6 Fine Foods Ltd. 28,500 10 50.00 14,250.00

7 Meghna Shirmp Culture Ltd. 1,400 100 50.00 12,500.00

9 ICB AMCL 1st Mutual Fund 3,600 100 25.00 14,280.00

Total (A) : 80,680.00

B. Interest Receivable for more than one year:

1 Aramit Cement Ltd. 730 1,714 14.00 53,059.00






7 Bangladesh Welding Electrodes 48 1,800 15.00 6,480.00





12 Bangladesh Welding Electrodes 48 800 15.00 2,880.00



15 Bangladesh Welding Electrodes 50 300 17.00 1,275.00

16 Bangladesh Welding Electrodes 50 200 17.00 850.00


28 Beximco Fisheries Ltd. 80 1,784 14.00 3,469.00

29 Beximco Fisheries Ltd. 80 1,605 14.00 8,988.00

30 Beximco Infusions Ltd. (Deb) 48 2,500 15.00 6,875.00

31 Beximco Infusions Ltd. (Deb) 48 2,500 15.00 9,000.00

Total (B ): 465,296.00

50

SL.


No. of

Shares Held

Par Value

(TK.)

Rate of Dividend

Declared (%) Amount Receivable (TK.)

C. Dividend Receivable for less than one year.

1 MJL Bangladesh Ltd. 800 10 25.00 2,000.00

2 Nitol Insurance Co. Ltd. 11566 10 10.00 11,566.00

3 Dhaka Insurance Co. Ltd. 11250 10 20.00 22,500.00

4 Reckitt Benkiser (BD) Ltd. 300 10 150.00 4,500.00

5 Aramit Ltd. 3975 10 50.00 19,875.00


7 ACI Ltd. 8938 10 80.00 71,504.00

8 ACI Formulations Ltd. 24450 10 25.00 61,125.00

9 Meghna Cement Mills Ltd. 1500 10 25.00 3,750.00

10 Square Textiles Ltd. 57 10 18.00 102.60

11 National Bank Ltd. 7238 10 6.00 4,342.80

12 Global Heavy Chemicals Ltd. 3000 10 15.00 4,500.00

13 Golden Son Ltd. 825 10 5.00 412.50

14 Asia Insurance Ltd. 5692 10 10.00 5,692.00

15 Unique Hotel & Resorts Ltd. 1840 10 25.00 4,600.00

16 Social Islami Bank Ltd. 8808 10 5.00 4,404.00

17 Orion Pharma Ltd. 61000 10 20.00 122,000.00

18 National Tea Co. Ltd. 1920 10 30.00 5,760.00

Total (C) : 406,553.90

(A+B+C): 952,529.90

51




SL.

No. Name of the Company No. of Shares

Par

Value

Average

Cost Price

Per Share

on

30.06.13

Total cost price

(Taka) 30.06.13

Market

Price Per

Share on

30.06.13

Total Market

Price (Taka)

30.06.13

1 Al-Arafah Islami Bank Ltd. 16,354 10 9.98 163,272.22 15.90 260,028.60

2 Bank Asia Ltd. 62,647 10 24.36 1,525,789.35 19.30 1,209,087.10

3 BRAC Bank Ltd. 18,492 10 5.91 109,270.09 29.90 552,910.80

4 Dhaka Bank Ltd. 15,307 10 1.44 22,113.80 23.90 365,837.30

5 Eastern Bank Ltd. 4,092 10 38.00 155,500.00 27.00 110,484.00

6 Exim Bank Of Bangladesh Ltd. 42,615 10 8.80 375,074.07 14.10 600,871.50

7 First Security Islami Bank Ltd. 9,930 10 6.50 64,563.69 13.80 137,034.00

8 I.F.I.C. Bank Ltd. 127,115 10 46.13 5,863,529.99 21.90 2,783,818.50

9 Islami Bank Ltd. 42,455 10 25.83 1,096,574.18 38.30 1,626,026.50

10 Jamuna Bank Ltd. 41,512 10 27.23 1,130,200.00 15.80 655,889.60

11 Mercantile Bank Ltd. 14,878 10 4.94 73,545.29 13.30 197,877.40

12 Mutual Trust Bank Ltd. 44,242 10 17.34 767,351.08 17.10 756,538.20

13 National Bank Ltd. 7,238 10 10.33 74,758.10 13.30 96,265.40

14 One Bank Ltd. 149 10 2.81 418.00 15.80 2,354.20

15 Premier Bank Ltd. 8,189 10 2.67 21,855.83 12.30 100,724.70

16 Prime Bank Ltd. 27,423 10 34.18 937,369.10 28.20 773,328.60

17 Shahjalal Islami Bank Ltd. 13,914 10 3.47 48,326.37 18.80 261,583.20

18 Social Islami Bank Ltd. 9,688 10 11.23 108,751.08 15.00 132,120.00

19 Southeast Bank Ltd. 30,291 10 14.27 432,164.67 16.90 511,917.90

20 Standard Bank Ltd. 66,774 10 8.10 540,838.78 16.30 1,088,416.20

21 Trust Bank Ltd. 47,476 10 27.77 1,318,518.05 21.90 1,039,724.40

22 Aramit Cement Ltd. (Share) 57,920 10 8.18 473,904.50 75.90 4,396,128.00

23 Heidelberg Cement Bd. Ltd. 2,900 10 290.98 843,830.00 335.00 971,500.00

24 Lafarge Surma Cement Ltd. 80,000 10 31.04 2,483,450.00 32.80 2,624,000.00

25 Meghna Cement Mills Ltd. 1,500 10 147.20 220,800.00 106.60 159,900.00

26 Premier Cement Mills Ltd. 4,000 10 22.00 88,000.00 109.90 439,600.00

27 RAK Ceramics(Bangladesh) Ltd. 32,197 10 56.44 1,817,160.00 52.20 1,680,683.40

28 BSRM Steels Ltd. 2,121 10 25.40 53,864.48 80.00 169,680.00

29 Golden Son Ltd. 825 10 20.25 16,704.55 43.10 35,557.50

30 Jago Corporation Ltd. 9,950 100 100.00 995,000.00 100.00 995,000.00

31 Monno Jutex Ltd. 160 100 235.50 37,680.00 1,221.25 195,400.00

32 Apex Foods Ltd. 9,200 10 38.82 357,156.80 84.70 779,240.00

33 B A T B C 12,550 10 111.11 1,394,490.64 1,065.30 13,369,515.00

34 Fine Foods Ltd. 2,476 10 0.00 0.00 16.70 41,349.20

35 Golden Harvest Agro Ind. Ltd. 27,180 10 20.83 566,250.39 46.00 1,250,280.00

36 Meghna Shrimp Culture Ltd. 1,400 100 88.94 124,515.00 115.75 162,050.00

37 N.T.C. 1,920 10 44.84 86,097.44 811.00 1,557,120.00

52

SL.


No. of

Shares

Par

Value

Average

Cost

Price Per

Share on

30.06.13

Total cost

price (Taka)

30.06.13

Market

Price Per

Share on

30.06.13

Total Market

Price (Taka)

30.06.13

38 Rangpur Dairy & Food Prod Ltd. 2,464 10 14.61 36,000.00 20.30 50,019.20

39 Bangladesh Welding Electrodes 3,370 10 9.26 31,200.00 18.80 63,356.00

40 Dhaka Electric Supply Co. Ltd. 51,131 10 20.26 1,036,061.96 89.70 4,586,450.70

41 GBB Power Ltd. 78,000 10 32.00 2,496,000.00 29.30 2,285,400.00

42 Jamuna Oil Company Ltd. 18,646 10 76.13 1,419,434.55 229.10 4,271,798.60

43 Meghna Petroleum Ltd. 48,885 10 84.04 4,108,528.32 237.80 11,624,853.00

44 MJL Bangladesh Ltd. 800 10 75.30 60,240.00 77.70 62,160.00

45 Padma Oil Co. Ltd. 29,231 10 4.43 129,573.06 293.00 8,564,683.00

46 Power Grid Co. BD. Ltd. 14,600 10 50.33 734,870.17 63.50 927,100.00

47 Summit Power Ltd. 29,100 10 33.74 981,730.68 39.80 1,158,180.00

48 Summit Purba Power Co Ltd 6,240 10 30.77 192,000.00 72.30 451,152.00

49 Titas Gas Transmission & D.C.L 115,715 10 60.78 7,033,091.56 82.20 9,511,773.00

50 Aamra Technologies Ltd. 4,200 10 20.00 84,000.00 40.60 170,520.00

51 Agni Systems Ltd. 517 10 9.41 4,863.10 23.10 11,942.70

52 Bangladesh Sub. Cable Co. 16,290 10 65.44 1,066,000.00 231.00 3,762,990.00

53 Agrani Insurance Co. Ltd. 17,523 10 18.97 332,340.04 25.00 438,075.00

54 Asia Insurance Ltd. 5,692 10 11.24 64,000.00 30.30 172,467.60

55 Asia Pacific General Insurance 12,000 10 13.72 164,584.21 34.10 409,200.00

56 City General Insurance Co. Ltd 563 10 5.86 3,300.00 26.80 15,088.40

57 Continental Insurance Ltd. 17,314 10 9.85 170,495.26 28.60 495,180.40

58 Dhaka Insurance Ltd. 11,250 10 0.00 0.00 42.40 477,000.00

59 Eastland Insurance Co.Ltd. 32,604 10 2.93 95,614.05 44.40 1,447,617.60

60 Islami Insurance BD Ltd. 3,960 10 7.58 30,000.00 26.80 106,128.00

61 Janata Insurance Co. Ltd. 2,674 100 136.83 365,890.91 238.50 637,749.00

62 Mercantile Insurance Co. Ltd 21,604 10 14.87 321,209.20 25.80 557,383.20

63 Nitol Insurance Co. Ltd. 11,566 10 23.79 275,178.27 35.60 411,749.60

64 Northern General Insurance Co 3,799 10 5.26 20,000.00 43.90 166,776.10

65 Padma Islami Life Insurance 1,500 10 10.00 15,000.00 67.00 100,500.00

66 Phoenix Insurance Co. Ltd. 21,432 10 0.00 0.00 42.10 42,942.00

67 Pragati Insurance Ltd. 3,370 10 89.66 302,140.00 58.60 197,482.00

68 Prime Islami Life Insurance Ltd. 19,443 10 3.56 69,166.68 105.30 2,047,347.90

69 Provati Insurance Co. Ltd. 6,272 10 7.97 50,000.00 28.70 180,006.40

70 Republic Insurance Co. Ltd. 5,324 10 7.51 40,000.00 62.30 331,685.20

71 Rupali Life Insurance Co. Ltd. 7,147 10 7.00 50,000.00 113.00 807,611.00

72 Standard Insurance Ltd. 6,886 10 7.39 50,909.09 39.70 273,374.20

73 Sunlife Insurance Co. Ltd. 6,000 10 10.00 60,000.00 63.60 381,600.00

74 Takaful Islami Insurance Ltd. 3,551 10 8.34 29,600.00 34.80 107,462.40

75 Al-Arafah Bank 1st Mutual Fund 3,293 10 0.00 0.00 7.00 23,051.00

76 DBH First Mutual Fund 12,000 10 10.00 120,000.00 6.80 81,600.00

77 EBL First Mutual Fund 69,000 10 10.00 690,000.00 9.10 627,900.00

78 Exim Bank 1st Mutual Fund 100,000 10 10.00 1,000,000.00 10.00 1,000,000.00

79 FAS Finance and Invest Ltd 9,321 10 10.26 95,589.68 17.00 158,457.00

80 First Janata Bank Mutual Fund 83,500 10 9.19 767,200.00 6.80 567,800.00

53

SL.


No. of

Shares

Par

Value

Average

Cost

Price Per

Share on

30.06.13

Total cost

price (Taka)

30.06.13

Market

Price Per

Share on

30.06.13

Total Market

Price (Taka)

30.06.13

81 Grameen One : Scheme Two 3,300 10 9.09 30,000.00 20.90 68,970.00

82 Green Delta Mutual Fund 93,500 10 8.28 774,600.00 6.10 570,350.00

83 ICB AMCL First Mutual Fund 31,000 10 18.71 579,958.35 45.80 1,419,800.00

84 ICB AMCL Second M Fund 73,500 10 10.15 746,125.00 6.90 507,150.00

85 ICB AMCL Secound NRB M.F. 5,000 10 10.00 50,000.00 13.20 66,000.00

86 ICB AMCL Sonali Bank 1st MF 699,500 10 10.00 6,995,000.00 10.50 7,344,750.00

87 ICB AMCL Third NRB M Fund 88,500 10 9.41 833,200.00 6.20 548,700.00

88 ICB Emp. Prov.M.F.One:S.O 66,000 10 9.92 654,600.00 7.30 481,800.00

89 IFIC Bank 1st MF 12,000 10 10.00 120,000.00 8.60 103,200.00

90 IFIL Islamic Mutual Fund-1 88,500 10 7.96 704,100.00 5.80 513,300.00

91 MBL 1st Mutual Fund 84,500 10 10.00 845,000.00 6.50 549,250.00

92 NCCB Mutual Fund-1 49,500 10 10.00 495,000.00 10.30 509,850.00

93 Phoenix Finance 1st MF 10,000 10 10.00 100,000.00 6.60 66,000.00

94 Popular Life First Mutual Fund 29,500 10 10.00 295,000.00 7.30 215,350.00

95 Prime Bank 1st ICB M Fund 62,000 10 9.20 570,100.00 7.10 440,200.00

96 Prime Finance First Mutual Fun 4,000 10 10.00 40,000.00 18.90 75,600.00

97 Trust Bank 1st Mutual Fund 41,500 10 10.37 430,202.60 9.90 410,850.00

98 Islam Jute Mills Ltd. 1,538 100 130.00 199,940.00 130.00 199,940.00

99 Aramit Ltd. 3,975 10 6.67 26,500.00 210.70 837,532.50

100 Bangladesh Shipping Corp. 5,175 100 500.00 2,587,500.00 447.25 2,314,518.75

101 Bengal Windsor Thermo Ltd. 7,800 10 25.00 195,000.00 47.80 372,840.00

102 Beximco Ltd. (Share) 16,226 10 54.30 8,81,012.42 41.70 6,65,574.60

103 Global Heavy Chemicals Ltd. 3,000 10 20.00 60,000.00 48.10 144,300.00

104 Miracle Industries Ltd. 3,165 10 8.12 25,713.90 12.20 38,613.00

105 Bangladesh Fin. & Inv. Co. Ltd 26 10 9.83 255.54 22.80 592.80

106 Bangladesh Inds. Finance Co. 10,318 10 8.47 87,350.10 17.50 180,565.00

107 Bay Leasing & Investment Ltd. 3,720 10 13.89 51,666.67 36.30 135,036.00

108 Delta BRAC Housing Fin. Cor. 4,048 10 4.92 19,905.28 66.20 267,977.60

109 First Lease Fin. & Inv. Ltd. 9,000 10 6.78 60,982.04 35.00 315,000.00

110 GSP Finance Co. (BD) Ltd. 7,150 10 22.73 162,500.00 27.40 195,910.00

111 I P D C 814 10 10.76 8,757.38 18.10 14,733.40

112 Intl. Leasing & Fin. Services 2,268 10 7.79 17,673.54 17.30 39,236.40

113 Phoenix Finance & Inv. Ltd 26,698 10 8.57 228,859.47 36.80 982,486.40

114 Premier Leasing & Fin. Ltd. 29,652 10 7.18 212,957.08 11.20 332,102.40

115 United Leasing Co. Ltd. 48,824 10 4.48 218,719.62 30.30 1,479,367.20

116 ACI Formulations Ltd. 24,450 10 77.58 1,896,950.00 77.90 1,904,655.00

117 ACI Ltd. 10,725 10 36.06 386,729.48 149.10 1,599,097.50

118 Active Fine Chemicals Ltd. 1,950 10 5.80 11,304.30 72.70 141,765.00

119 Beacon Pharmaceuticals Ltd. 67,625 10 9.52 644,048.00 14.10 953,512.50

120 Beximco Pharmaceuticals Ltd. 14,682 10 23.20 340,607.64 52.20 766,400.40

121 Glaxo Smithkline (BD) Ltd. 2,500 10 8.71 21,780.00 633.00 1,582,500.00

122 Imam Button Industries Ltd. 4,300 10 8.06 34,677.40 7.80 33,540.00

123 Keya Cosmetics Ltd. 3,993 10 11.28 45,055.00 27.90 111,404.70

124 Orion Infusions Ltd. 80,000 10 14.85 1,188,199.36 42.40 3,392,000.00

54

SL.


No. of

Shares

Par

Value

Average

Cost

Price Per

Share on

30.06.13

Total cost

price (Taka)

30.06.13

Market

Price Per

Share on

30.06.13

Total Market

Price (Taka)

30.06.13

125 Orion Pharma Ltd. 26,000 10 60.00 1,560,000.00 68.50 1,781,000.00

126 Reckitt Benckiser (BD) Ltd. 300 10 133.89 40,167.18 681.80 204,540.00

127 Salvo Chemical Industry Ltd. 1,267 10 7.89 10,000.00 18.90 23,946.30

128 Square Pharmaceuticals Ltd. 44,940 10 107.28 4,821,355.31 220.00 9,886,800.00

129 Wata Chemicals Ltd. 9,600 10 15.97 153,289.00 27.00 259,200.00

130 Eastern Housing Ltd. 2,310 10 8.66 20,000.00 56.90 131,439.00

131 Summit Alliance Port Ltd. 1,602 10 14.19 22,725.76 28.70 45,977.40

132 Unique Hotel & Resorts Ltd. 1,840 10 65.22 120,000.00 114.10 209,944.00

133 Paragon Leather & Footwear Ltd 2,200 100 49.80 109,562.50 16.00 35,200.00

134 Grameenphone Ltd. 56,200 10 140.70 7,907,185.46 178.90 10,054,180.00

135 Anlima Yarn Dyeing Ltd. 323,000 10 10.31 3,328,832.85 19.40 6,266,200.00

136 Apex Weaving & Finis Mills 66,600 10 8.57 570,462.50 15.67 1,043,622.00

137 Ashraf Textile Mills Ltd. 120 10 5.75 690.31 17.80 2,136.00

138 BD. Dyeing & Finishing Ind. 400 100 83.35 33,340.00 64.25 25,700.00

139 Dandy Dyeing Ltd. 2,000 100 100.00 200,000.00 98.50 197,000.00

140 Delta Spinners Ltd. 48,300 10 5.46 263,544.80 33.00 1,593,900.00

141 Envoy Textiles Ltd. 6,240 10 26.92 168,000.00 45.50 283,920.00

142 Familytex (BD) Ltd. 14,500 10 10.00 145,000.00 35.90 520,550.00

143 Generation Next Fashions Ltd. 4,680 10 5.34 25,000.00 20.80 97,344.00

144 H.R.Textile Mills Ltd. 10,350 10 10.45 108,108.36 23.40 242,190.00

145 Maksons Spinning Mills Ltd. 31,376 10 17.58 551,606.50 13.30 417,300.80

146 Malek Spinning Mills Ltd. 48,400 10 20.66 1,000,000.00 24.50 1,185,800.00

147 Metro Spinning Ltd. 23,529 10 7.23 170,109.75 14.60 343,523.40

148 Prime Textile Spin.Mills Ltd. 50,000 10 12.05 602,634.22 20.00 1,000,000.00

149 R. N. Spinning Mills Ltd. 6,110 10 10.69 65,333.25 25.10 153,361.00

150 Square Textiles Ltd 65 10 51.73 3,362.30 88.30 5,739.50

151 The Dacca Dye & Man. Co. Ltd. 1,610 10 6.21 10,000.00 30.40 48,944.00

152 Aramit Cement Ltd. (Deb) 730 2500 190.99 139,426.25 190.99 139,426.25

153 IBBL Mudaraba Perpetual Bond 2,570 1000 983.03 2,526,375.00 936.50 2,406,805.00

154 BD. Welding Electrodes (Deb) 48 2500 600.00 28,800.00 600.00 28,800.00

Total 44,37,166 97,566,939.80 173,382,263.20

55




SL.


No. of

Shares

Sold

Cost

Price

Per

Share

(Taka)

Selling

Price Per

Share

(Taka)

Total Cost

Price (Taka)

Total Selling

Price (Taka)

Total

Profit/Loss on

Sale of

Security

(Taka)

1 Al-Arafah Islami Bank Ltd. 5,000 11.68 25.20 58,403.00 126,000 67,597.00

2 Southeast Bank Ltd. 55,000 14.27 18.10 784,696.00 995,500 210,804.00

3 Aramit Cement Ltd. 5,000 8.18 91.50 40,910.50 457,500

416,589.50

4 Premier Cement Mills Ltd. 5,200 22.00 114.73 114,400.00 596,580

482,180.00

5 Golden Harvest Agro Ind. Ltd. 11,700 20.83 35.58 243,749.61 416,280 172,530.39

6 Dhaka Electric Supply Co. Ltd. 2,000 23.30 93.40 46,604.40 186,800 140,195.60

7 Padma Oil Co. Ltd. 30,000 5.10 187.00 153,075.00 5,610,000

5,456,925.00

8 Power Grid Co. BD. Ltd. 60,000 50.33 59.60 3,020,022.00 3,576,000 555,978.00

9 Summit Purban. Power Co. Ltd 139,900 40.00 60.52 5,596,000.00 8,466,210

2,870,210.00

10 Aamra Technologies Ltd. 17,000 24.00 58.30 408,000.00 991,100 583,100.00

11 Bangladesh Submarine Cable Co. 13,000 35.00 151.98 455,000.00 1,975,800

1,520,800.00

12 Sunlife Insurance Co. Ltd. 1,000 10.00 102.00 10,000.00 102,000

92,000.00

13 ICB AMCL Sonali Bank 1st MF 274,000 10.00 12.30 2,740,000.00 3,370,100 630,100.00

14 Trust Bank 1st Mutual Fund 10,000 10.37 11.20 103,663.00 112,000 8,337.00

15 Bengal Windsor Thermo Ltd. 8,000 25.00 58.63 200,000.00 469,000

269,000.00

16 Global Heavy Chemicals Ltd. 2,250 20.00 96.72 45,000.00 217,625 172,625.00

17 Beacon Pharmaceuticals Ltd. 40,000 9.52 27.10 380,952.00 1,084,000 703,048.00

18 Orion Pharma Ltd. 100,800 60.00 72.50 6,048,000.00 7,308,440 1,260,440.00

19 Square Pharmaceuticals Ltd. 22,000 107.28 173.55 2,360,254.60 3,818,000 1,457,745.40

20 Envoy Textiles Ltd. 17,600 30.00 54.64 528,000.00 961,720 433,720.00

21 Familytex (BD) Ltd. 19,000 10.00 44.82 190,000.00 851,500 661,500.00

22 Generation Next Fashions Ltd. 21,500 10.00 37.64 215,000.00 809,350 594,350.00

Total 859,950 23,741,730.11 42,501,505 18,759,774.89

56

Z„Zxq AvBwmwe wgDPyq¨vj dvÛ Third ICB Mutual Fund

jf¨vsk I my Avq 2012-13 A_©eQ‡i G dvÛ †gvU 80wU wmwKDwiwUR n‡Z 50.36 j¶ UvKv jf¨vsk I my eve` Avq K‡i‡Q hvi g‡a¨ 42.80 j¶ UvKv (84.99 kZvsk) 30 Ryb 2013 Zvwi‡Li g‡a¨ bM‡` cvIqv hvq| †hLv‡b GB dvÛ 2011-12 A_©eQ‡i jf¨vsk I my eve` Avq K‡iwQj 48.46 j¶ UvKv hvi g‡a¨ bM‡` cvIqv wM‡qwQj 44.99 j¶ UvKv| 2012-13 A_©eQ‡ii †Kv¤úvwb wfwËK jf¨vsk I my Avq Ges cÖvc¨ jf¨vsk I my‡`i we —vwiZ weeiY h_vµ‡g cwiwkó-3.1 Ges cwiwkó-3.2 G †`Lv‡bv n‡q‡Q|

wewb‡qvM weµq n‡Z g~jabx gybvdv 2012-13 A_©eQ‡i G dvÛ 19wU ‡Kv¤úvwbi wmwKDwiwUR weµq K‡i 2011-12 A_©eQ‡ii 206.73 j¶ UvKvi wecix‡Z 210.56 j¶ UvKv g~jabx gybvdv AR©b K‡i‡Q| g~jabx gybvdv AR©‡bi we —vwiZ weeiY cwiwkó-3.4 G †`Lv‡bv n‡q‡Q|




of 80 companies during 2012-13 of which, Tk.



an amount of Tk. 48.46 lac as dividend and interest

income of which Tk. 44.99 lac was received in

cash. Details of dividend & interest income and






lac earned during 2011-12 by selling securities of

19 companies. Details of capital gains are shown in

Annex-3.4

Avq, e¨q I eÈb‡hvM¨ gybvdv

‡kqvi Ges wW‡eÂvi/e‡Û wewb‡qvM n‡Z jf¨vsk I my eve` Avq 50.36 j¶ UvKv, e¨vsK Avgvb‡Zi Dci my 41.45 j¶ UvKv Ges g~jabx gybvdv 210.56 j¶ UvKvmn Av‡jvP¨ A_©eQ‡i G dv‡Ûi †gvU Av‡qi cwigvY `vuovq 302.37 j¶ UvKv| ÷vd LiP, e¨e ’vcbv wd, gy ªY I †ókbvix, WvK I Zvi, AvBwmweÕi mv‡_ cwiPvwjZ PjwZ wnmv‡ei Dci my , e¨vsK PvR©, wewb‡qvM mwÂwZ Ges Ab¨vb¨ LiP eve` †gvU 40.76 j¶ UvKv ev` †`qvi ci dv‡Ûi bxU Avq uvovq 261.61 j¶ UvKv| c~e©eZx©© eQ‡ii Aew›UZ gybvdv 353.89 j¶ UvKv †hvM Kivi ci 30 Ryb 2013 Zvwi‡L dv‡Ûi bxU e›Ub‡hvM¨ Av‡qi cwigvY `vuovq 615.50 j¶ UvKv Ges mvwU©wd‡KU cÖwZ eÈb‡hvM¨ gybvdvi cwigvY uvovq 61.55 UvKv|

Income, Expenses and Distributable income


a gross income of Tk. 302.37 lac by way of


shares and debentures/bonds amounting to Tk.

50.36 lac, Tk. 41.45 lac as interest on bank


income. After deducting the total expenses of

Tk.40.76 lac incurred as staff expenses,

management fee, printing and stationery, postage

and telegram, interest on current account with ICB,

bank charges, provision against investments and

other expenses, the net income of the Fund stood at

Tk.261.61 lac. Taking into account the previous

years undistributed income of Tk. 353.89 lac the

Fund had a net distributable total income of Tk.

615.50 lac and per certificate income of Tk. 61.55

as on 30 June 2013.

jf¨vsk

Av‡jvP¨ dvÛ 2012-13 A_©eQ‡i cÖwZwU 10.00 UvKv g~j¨gv‡bi mvwU©wd‡K‡Ui Rb¨ 240.00 kZvsk nv‡i jf¨vsk †NvlYv K‡i‡Q hv c~e©eZx© eQ‡i wQj 200.00 kZvsk| jf¨vsk cÖ v‡bi Rb¨ †gvU 240.00 j¶ UvKvi ms ’vb ivLvi ci dv‡Û 375.50 j¶ UvKv Aew›UZ gybvdv _v‡K| mviYx- 3.1 G dv‡Ûi eQiIqvix jf¨vs‡ki nvi cÖ wk©Z nj:

Dividend


per cent per certificate of Tk.10.00 each for the

year 2012-13, which was 200.00 per cent per


provision of Tk.240.00 lac for payment of dividend

the Fund has an undistributed income of Tk.375.50

lac. The Year-wise dividend performance of the

Fund is shown at Table-3.1 :

57

Table – 3.1: Year-wise dividend performance

Financial

year


year

Dividend percentage


1986-87

1987-88

1988-89

1989-90

1990-91

1991-92

1992-93

1993-94

1994-95

1995-96

1996-97

1997-98

1998-99

11.00

12.00

10.00

10.50

25.50

26.00

26.00

19.00

19.00

18.00

22.00

27.00

28.00

38.00

35.00

38.00

21.00

22.50

25.50

26.00

26.00

19.00

19.00

18.00

22.00

27.00

28.00

38.00

35.00

38.00

1999-00

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

40.00

45.00

50.00

50.00

50.00

52.00

52.00

56.00

65.00

85.00

140.00

185.00

200.00

240.00

40.00

45.00

50.00

50.00

50.00

52.00

52.00

56.00

65.00

85.00

140.00

185.00

200.00

240.00

cÎ‡Kvl 2012-13 A_©eQ‡i G dvÛ wewfbœ LvZwfwËK wmwKDwiwUR- mg~‡n 412.10 j¶ UvKv wewb‡qvM Kiv n‡q‡Q| 30 Ryb 2013 Zvwi‡L G dv‡Ûi cÎ‡Kv‡l 1118.53 j¶ UvKv µqg~‡jï 147 wU †Kv¤úvwb Ges 22 wU wgDPy qvj dv‡Ûi wmwKDwiwUR wQj hvi evRvi g~j¨ wQj 2750.74 j¶ UvKv| 30 Ryb 2013 Zvwi‡L dv‡Ûi cÎ‡Kv‡li we —vwiZ weeiY cwiwkó-3.3 G cÖ wk©Z n‡q‡Q|

30 Ryb 2013 Zvwi‡L cÖwZwU 10.00 UvKv g~j¨gv‡bi Z„Zxq AvBwmwe wgDPyq¨vj dvÛ mvwU©wd‡K‡Ui jf¨vsk cieZx© bxU m¤c`g~j¨ ùvovq 211.16 UvKv| XvKv ÷K G·‡PÄ wjt-G 2012-13 A_©eQ‡i 10.00 UvKv g~j¨gv‡bi Z„Zxq AvBwmwe wgDPyq¨vj dv‡Ûi mvwU©wd‡KU cÖwZ cÖviw¤¢K I mgvcYx evRvig~j¨ wQj h_vµ‡g 145.00 UvKv I 208.90 UvKv| 30 Ryb 2013 Zvwi‡L dv‡Ûi mvwU©wd‡KU‡nvìvi‡ì msL¨v wQj 1202 Rb|

Portfolio

During 2012-13 the Fund invested of Tk. 412.10

lac in securities of different sectors. As on 30 June



Tk. 1118.53 lac, the market value of which was

Tk.2750.74 lac. Details of the portfolio of the Fund

as on 30 June 2013 are given in Annex-3.3

The ex-dividend net asset value per certificate of

Third ICB Mutual Fund of Tk.10.00 each stood at

Tk.211.16 as on 30 June 2013.

During 2012-13, the opening and closing market

price per certificate of Tk. 10.00 each of the third

ICB Mutual Fund was Tk. 145.00 and Tk.208.90

respectively at DSE.

The number of certificate holders of the Fund was

1202 as on 30 June 2013.

58

AUDITORS’ REPORT To the Certificate Holders' of Third ICB Mutual Fund

We have audited the accompanying Financial Statements of Third ICB Mutual Fund (the “Fund”) which





Management is responsible for the preparation and fair presentation of these financial statements of the Fund

in accordance with Bangladesh Financial Reporting Standards, and for such internal control as management

determines is necessary to enable the preparation of these financial statements of the Fund that are free from

material misstatement, whether due to fraud or error.







financial statements. The procedures selected depend on our judgment, including the assessment of the risks

of material misstatement of the financial statements of the Fund, whether due to fraud or error. In making

those risk assessments, we consider internal control relevant to the entity’s preparation and fair presentation

of the financial statements of the Fund in order to design audit procedures that are appropriate in the

circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal

control. An audit also includes evaluating the appropriateness of accounting policies used and the




audit opinion.

Opinion


matter paragraph, the financial statements of the Fund prepared in accordance with the Bangladesh

Financial Reporting Standards (BFRS), give a true and fair view of the financial position of the Fund as at 30

June 2013 and the results of its financial performance and its cash flows for the year then ended and comply

with the ICB Ordinance 1976, the Mutual Fund Regulations 1993, the Securities and Exchange Rules 1987

and other applicable laws and regulations.

Emphasis of matter




59










K. M. Alam & Co.



Dhaka, 29 July 2013

60

Investment Corporation of Bangladesh Third ICB Mutual Fund


Notes

Amount in Taka

30-Jun-13 30-Jun-12

Assets


Cash at Bank 5 16,280,942 40,441,058

Installments Receivable on Debenture 6 106,541 106,541

Dividend and Interest on Debenture Receivable 7 923,437 512,973


Interest Receivable on Term Deposit 8 - 593,954

Total Assets 139,164,084 130,146,761

Liabilities



Provision for loss on Value of Investments 11 16,367,991 16,367,991

Provision for possible Fluctuation of Price of Investments 12 36,552,000 36,552,000

Provision for Dividend & Interest on Debenture Receivable 13 209,184 209,184



Net Assets 71,936,849 65,775,955


Capital Fund 15 10,000,000 10,000,000



71,936,849 65,775,955




Share of Capital Stock Outstanding 1,000,000 1,000,000

Net Asset Value-at Cost 71.94 65.78

Net Asset Value-at Market Value 235.16 197.19







Dhaka, 29 July 2013


61


Statement of Comprehensive Income for the year ended 30 June, 2013

Notes Amount in Taka

30-Jun-13 30-Jun-12

Income

Dividend and Interest Earned 18 5,036,115 4,846,429



Others 20 - -

Total Income 30,236,708 29,084,510

Expenses

Staff Expenses 21 794,528 496,075

Management Fee 22 100,000 100,000

Listing Fee 23 20,000 20,000

Audit Fee 14,500 15,000



Interest on Current A/C with ICB 2,705,721 -

Bank charges 35,685 26,960

Others 24 352,570 223,821

4,075,814 918,435


Provision:

For Loss on Value of Investments - -


- 2,800,000

Net Income for the Year 26,160,894 25,366,075 Undistributed Income from Previous Year 35,389,090 30,023,015






Signed as per our report of same date



Dhaka, 29 July 2013


62

Third ICB Mutual Fund



Income Total

Balance as at 01 July 2011 10,000,000 386,865 48,523,015 58,909,880


Dividend - - (18,500,000) (18,500,000)



Dividend (20,000,000) (20,000,000)





Dhaka, 29 July 2013

63


Statement of Cash Flow for the year ended 30 June 2013

Amount in Taka



Net Income before provision 26,160,894 28,166,075

Increase/(Decrease) in Operating Assets and Liabilities:


Dividend and Interest on Debenture Receivable (410,464) 61,579

Other Liabilities 508,921 1,373,782






Dividend Paid (16,670,170) (15,618,932)


Net Cash Flows Used in Financing Activities (17,648,170) (16,561,810)

Net increase/(Decrease) in Cash and Cash Equivalents (24,160,117) (1,055,339)






Dhaka, 29 July 2013

64










Keeping in line with these objectives, the Third ICB Mutual Fund (the Fund) was established in June 1987,







yearly basis.










These financial statements are prepared in Bangladesh Taka (Taka/Tk.), which is the Trust’s functional





expenses.

65


These financial statements covers one year from 1

st July to 30





secondary markets.


price.


(iv) Bonus shares i.e. stock dividend received or receivable from various companies is not accounted for as income

rather included in the portfolio to reduce the average cost.

3.2 Taxation:

(v) The Fund’s income is exempted from income tax vide Ministry of Finance SRO no.88-L/80 of 01April 1980

3.3 Cash and Bank:


3.4 General:

(i) Except for certain expenses reflected in these financial statements all other expenses including premises and

equipment expenses are borne by ICB and, therefore, not reflected in these financial statements.

(ii) Management fee at the rate of one percent on capital fund is paid to ICB for management services and support

received from the Corporation.

(iii) Figures in these financial statements have been rounded off to the nearest Taka. Previous year's figures have

been rearranged wherever found necessary to conform to current year's presentation.

66

Amount in Taka

30-Jun-13 30-Jun-12

4 Investments at Cost

111,853,164

88,492,235

The market value of investments was Tk 275,073,826.00 at the close of business as at 30 June 2013



5 Cash at Bank



IFIC Bank (Motijheel Branch), STD A/c-2753 17,369,450 3,594,009

IFIC Bank (Motijheel Branch), Current A/c-88886 (3,337,313) (1,366,163)



IFIC Bank (Federation Branch), STD A/c-863001534 - -

IFIC Bank (Federation Branch), STD A/c-863001699 99,503 1,094,664



IFIC Bank (Federation Branch), STD A/c-1008-000120-041 18,681 18,562



IFIC Bank (Federation Branch), STD A/c-1008-000346-041 151,138 2,167,698

IFIC Bank (Federation Branch), STD A/c-1008-000436-041 1,624,365 -


16,280,942 40,441,058


6 Installment Receivable on Debenture 106,541 106,541

7 Dividend and Interest on Debenture Receivable:

Dividend Receivable 846,217 435,753

Interest on Debenture Receivable 77,220 77,220

923,437 512,973

7.1 Aging analysis

Dividend Receivable for less than One Year 756,435 346,951

Interest on Debenture Receivable for more than One Year 77,220 77,220

Dividend Receivable for More Than One Year 89,782 88,802

923,437 512,973


7.2 Movement of Dividend and Interest on Debenture Receivable





67

Amount in Taka

30-Jun-13 30-Jun-12

8 Interest Receivable on Term Deposit

Opening balance 593,954 -

Add : Addition During the Year - 593,954

Less : Adjustment During the Year (593,954) -

Closing Balance - 593,954

9 Accrued Expenses:

Audit Fee 14,500 15,000



45,327 49,649






Closing Balance 11,250,824 8,898,994


Opening Balance 16,367,991 16,367,991


Closing Balance 16,367,991 16,367,991

12 Provision for Possible Fluctuation of Price of Investments

Opening Balance 36,552,000 33,752,000


Closing Balance 36,552,000 36,552,000

13 Provision for dividend and Interest on Debenture

Receivable

209,184

209,184


Opening Balance 2,292,989 919,207

Add: Addition During the Year 508,921 1,373,782


15 Capital Fund 10,000,000 10,000,000


68

Amount in Taka

30-Jun-13 30-Jun-12

16 General Reserve: 386,865 386,865

The above amount represents forfeited unclaimed dividend over 6 years up to 2004.

17 Distributable Income:

Opening Balance 55,389,090 48,523,015

Less: Dividend Declared During the Year (20,000,000) (18,500,000)

35,389,090 30,023,015

Add: Net Income 26,160,894 25,366,075

Closing Balance 61,549,984 55,389,090

18 Dividend & Interest 5,036,115 4,846,429



20 Other Income


21 Staff Expenses

Basic Salary 286,011 205,172




794,528 496,075

22 Management Remuneration 100,000 100,000

Management remuneration at the rate of one percent on capital fund is paid to ICB for management

services and support received from the Corporation as per the decision of the Board of Directors.

23 Listing Fee:



20,000 20,000

24 Others Expenses:




CDBL Charge 137,071 86,252



352,570 223,821

69

25 Disclosure of Deviations from Few Requirements of BAS/BFRS :

There have been few deviations from the requirements of BAS/BFRS which are shown below

along with financial impact where applicable:

(a) Investments in quoted and unquoted shares are revalued at year-end at cost price. However,

adequate provision are kept when market value is lower than cost price. Investments have not been

accounted in market value (MV) which is a very newly adopted accounting standard in

Bangladesh. In the Financial Statement this standard has not been considered due to volatile stock

market scenario, conservative policy of fund management and prevailing dividend policy of mutual

fund. At the year-end market value (for quoted shares) and book value (for unquoted shares) are

higher than cost price by Tk.163,220,662.00


considering overall decrease in the value of investment. The fund maintains both provision for loss

on value of investment and provision for possible price fluctuation which are shown in Balance

sheet under liabilities amounting to Tk.16,367,991.00 and Tk. 36,552,000.00 respectively.

(c) Some disclosure and presentation requirements as per BFRS 7 and BAS 32 regarding risk

management have not been made in the financial statements. However, management of the fund is

prudent in risk management which is evident from steady growth of the fund. The fund is not

exposed to any foreign currency and interest rate risk.

26 Events after the Reporting Date

The board of directors of Investment Corporation of Bangladesh declared cash dividend of Tk. 24

per certificate for the year ended 30 June 2013 in its meeting held on 29 July 2013.



70


Statement of Dividend & Interest Income during 2012-13


SL. No.

Name of the Company No. of Shares Held

Par Value (Tk.)

Rate of Dividend

Declared (%)

Amount of Dividend

Received (Tk.)

1 ACI Formulations Ltd. 2,700 10 25.00 6,750.00



4 Apex Foods Ltd. 500 10 18.00 900.00

5 Aramit Cement Ltd. 1,850 10 10.00 27,750.00

6 Aramit Ltd. 37,450 10 50.00 187,250.00


8 Bangladesh Lamps Ltd. 5,395 10 20.00 10,790.00


10 Bangladesh Submarine Cable Ltd. 13,500 10 20.00 27,000.00

11 BATBC 15,700 10 400.00 628,000.00

12 BATBC (Interim) 15,700 10 100.00 156,500.00


14 BSRM Steels Ltd. 3,400 10 10.00 3,400.00

15 Confidence Cement Ltd. 23,816 10 20.00 29,770.00



18 DESCO 34,992 10 10.00 34,975.00

19 Dhaka Insurance Co. Ltd. 3,927 10 20.00 1,963.50

20 Eastern Bank Ltd. 4,092 10 20.00 8,184.00



23 Eastland Insurance Co. Ltd. 23,930 10 40.00 95,720.00



26 GBB Power Ltd. 62,400 10 5.00 31,200.00

27 Glaxo Smithkline BD Ltd. 2,000 10 150.00 30,000.00


29 Golden Son Ltd. 1,500 10 5.00 3,750.00







36 ICB AMCL 1st Mutual Fund 6,000 10 100.00 60,000.00

37 ICB AMCL 2nd Mutual Fund 89,000 10 5.00 44,500.00

38 ICB AMCL 2nd NRB Mutual Fund 3,000 10 23.00 6,900.00


71

SL. No.


Par Value (Tk.)


(%)

Amount of Dividend

Received (Tk.)

40 IFIC Bank 1st Mutual Fund 14,500 10 5.00 7,250.00

41 International Lsesing & Finance Ser Ltd. 3,276 10 5.00 1,638.00

42 IPDC 759 10 10.00 759.00

43 Islami Bank (Bangladesh) Ltd. 1,599 10 8.00 9,209.60

44 Jamuna Bank Ltd. 37,970 10 14.00 53,158.00

45 Jamuna Oil Co. Ltd. 10,756 10 45.00 48,402.00

46 Karnaphuli Insurance Co. Ltd. 57 10 12.50 102.60

47 Karnaphuli Insurance Co. Ltd. 26,328 10 15.00 39,492.00

48 Linde Bangladesh Ltd. 7,800 10 110.00 85,800.00

49 Linde Bangladesh Ltd. (Interim) 7,800 10 200.00 156,000.00





54 Olympic Industries Ltd. 277,380 10 10.00 277,380.00

55 One Bank Ltd. 4,251 10 5.00 2,125.50


57 Peoples Insurance Co. Ltd. 5,500 10 15.00 8,250.00

58 Phoniex Finance 1st Mutual Fund 10,000 10 5.00 5,000.00

59 Popular Life Insurance Co. Ltd. 2,846 10 32.00 2,846.00



62 Prime Bank 1st ICB Mutual Fund 57,000 10 5.00 28,500.00

63 Prime Bank Ltd. 41,370 10 10.00 41,370.00

64 Prime Finance 1st Mutual Fund 4,000 10 10.00 4,000.00


66 Pubali Bank Ltd. 111,442 10 10.00 111,442.00

67 RAK Ceramics Ltd. 24,900 10 15.00 37,350.00



70 Renata Ltd. 60,000 10 60.00 120,000.00



73 Standard Ceramic Ind. Ltd. 39,460 10 10.00 39,460.00


75 Titas Gas Trans. & Distribution Co. Ltd. 123,100 10 30.00 369,300.00

76 Trust Bank 1st Mutual Fund 46,000 10 5.00 23,000.00


78 Unique Hotel & Resorts Ltd. 490 10 25.00 1,470.00



Total : 2,219,970 5,036,115

72


Statement of dividend and Interest on debenture receivable for FY-2012-13


SL.


No. of

Shares

Held

Par Value

(TK.)

Rate of

Dividend

Declared (%)

Amount Receivable

(TK.)

A. Dividend Receivable for more than one year:

1. BD Dyeing & Finishing Ind. Ltd. 510 100 10.00 5,100

2. BD Dyeing & Finishing Ind. Ltd. 510 100 10.00 5,100

3. BD Online Ltd. 625 10 10.00 625

4. Eastern Cables Ltd. 4,250 100 10.00 42,500

5. Fine Foods Ltd. 28,500 10 5.00 14,250

6. Meghna Shirmp Cultute Ltd. 420 100 12.00 4,284

7. Eastland Insurance Co. Ltd. 359 100 10.00 3,590

8. Glaxo Smithkline BD Ltd. 25 10 25.00 63

9. AB Bank Ltd. 3,336 100 15.00 780

10. ICB AMCL 1st Mutual Fund 500 100 25.00 12,500

11. BD Thai Aluminium Ltd. 2 100 5.00 10

12. National Tea Co. Ltd. 490 10 20.00 980

Total (A) : 89,782

B. Interest on debenture Receivable for more than one year:

1. Bangladesh Welding Electrodes Ltd. 1,800 52 15.00 7,020




5. BD. Welding Electrodes Ltd. (Deb) 1,000 52 15.00 3,900

6. BD. Welding Electrodes Ltd. (Deb) 800 52 15.00 3,120






Total 77,220

73

SL.


No. of

Shares

Held

Par Value

(TK.)

Rate of

Dividend

Declared (%)

Amount Receivable

(TK.)


1. Pubali Bank Ltd. 111,442 10 10.00 111,442

2. MJL Bangladesh Ltd. 2,700 10 25.00 6,750

3. Dhaka Insurance Co. Ltd. 7,500 10 20.00 15,000

4. Reckitt Benkiser (BD) Ltd. 1,850 10 150.00 27,750

5. Aramit Ltd. 37,450 10 50.00 187,250

6. Aramit Cement Ltd. 117,050 10 10.00 117,050

7. Karnaphuli Insurance Co. Ltd. 23,816 10 12.50 29,770

8. Paramount Insurance Co. Ltd. 3,927 10 5.00 1,964

9. ACI Ltd. 5,666 10 80.00 45,328

10. ACI Formulations Ltd. 25,800 10 25.00 64,500

11. Meghna Cement Mills Ltd. 1,500 10 25.00 3,750

12. Square Textiles Ltd. 57 10 18.00 103

13. National Bank Ltd. 7,238 10 6.00 4,343

14. Global Heavy Chemicals Ltd. 5,500 10 15.00 8,250

15. Asia Insurance Ltd. 2,846 10 10.00 2,846

16. Unique Hotel & Resorts Ltd. 1,380 10 25.00 3,450

17. Social Islami Bank Ltd. 10,840 10 5.00 5,420

18. Orion Pharma Ltd. 60,000 10 20.00 120,000

19. National Tea Co. Ltd. 490 10 30.00 1,470

Total (C) : 756,435

Grand Total

(A+B+C) : 923,437

74




SL.


No. of

shares

Par

value

(Tk.)

Average

cost

price

per

share

(Tk.)

on

30.06.13

Total cost

price (Tk.)

on 30.06.13

Market

price per

share

(Tk.)

on

30.06.13

Total Market

price (Tk.)

on 30.06.13

1 AB Bank Ltd. 40,782 10 1.94 79,114 28.20 1,150,052

2 Al-Arafah Islami Bank Ltd. 10,518 10 10.00 105,179 15.90 167,236

3 Bank Asia Ltd. 110,959 10 14.84 1,646,462 19.30 2,141,509

4 BRAC Bank Ltd. 54,537 10 6.12 333,820 29.90 1,630,656

5 Dhaka Bank Ltd. 24,285 10 3.28 79,763 23.90 580,412

6 Eastern Bank Ltd. 4,092 10 38.00 155,500 27.00 110,484

7 Exim Bank of Bangladesh Ltd. 30,984 10 8.35 258,651 14.10 436,874


9 I.F.I.C. Bank Ltd. 70,922 10 47.75 3,386,300 21.90 1,553,192

10 Islami Bank Ltd. 13,469 10 26.73 360,033 38.30 515,863

11 Jamuna Bank Limited 47,970 10 27.18 1,303,700 15.80 757,926


13 Mutual Trust Bank Ltd. 145,123 10 11.62 1,685,965 17.10 2,481,603

14 National Bank Ltd. 7,238 10 10.33 74,758 13.30 96,265

15 One Bank Ltd. 4,888 10 1.33 6,493 15.80 77,230

16 Premier Bank Ltd. 11,708 10 2.98 34,854 12.30 144,008

17 Prime Bank Ltd. 45,507 10 34.64 1,576,200 28.20 1,283,297

18 Pubali Bank Ltd. 111,442 10 2.73 304,364 32.00 3,566,144



21 Southeast Bank Ltd. 95,445 10 11.67 1,113,739 16.90 1,613,021

22 Standard Bank Ltd. 159,171 10 3.18 506,604 16.30 2,594,487

23 Trust Bank Ltd. 61,504 10 21.04 1,294,038 21.90 1,346,938

24 Aramit Cement Ltd. 67,050 10 13.54 907,539 75.90 5,089,095

25 Heidelberg Cement Bd. Ltd. 1,800 10 284.87 512,770 335.00 603,000




29 Monno Ceramic Industries Ltd. 7,710 10 0.69 5,334 27.80 214,338

30 RAK Ceramics (BD) Ltd. 27,390 10 53.66 1,469,680 52.20 1,429,758

31 Standard Ceramic Ltd. 39,460 10 19.68 776,563 31.90 1,258,774

32 Bangladesh Lamps Ltd. 5,395 10 3.40 18,356 117.20 632,294

33 Bangladesh Thai Alum. Ltd. 2,100 10 14.45 30,336 24.00 50,400

34 BSRM Steels Ltd. 3,570 10 39.22 140,018 80.00 285,600

35 Jago Corporation Ltd. 9,800 100 100.00 980,000 100.00 980,000

36 Olympic Industries Ltd. 401,570 10 4.59 1,845,155 167.60 67,303,132

37 Wonderland Toys Ltd. 2,600 100 100.00 260,000 68.25 177,450

38 Alpha Tobacco Co. Ltd. 450 10 11.25 5,063 24.60 11,070

39 Apex Foods Ltd. 500 10 28.99 14,495 84.70 42,350

40 B A T B C 15,650 10 106.82 1,671,748 1,065.30 16,942,531

75

SL.


No. of

shares

Par

value

(Tk.)

Average

cost

price per

share

(Tk.) on

30.06.13

Total cost

price (Tk.)

30.06.13

Market

price per

share

(Tk.) on

30.06.13

Total Market

price (Tk.)

30.06.13

41 B.L.T.C. 800 100 200.00 160,000 243.75 195,000

42 Fine Foods Ltd. 2,590 10 0.00 0 16.70 43,253

43 Froglegs Export Ltd. 12,800 10 23.50 300,800 23.50 300,800

44 Golden Harvest Agro Ind. Ltd. 37,080 10 20.83 772,500 46.00 1,705,680

45 Meghna Shrimp Ltd. 420 100 87.83 36,890 115.75 48,615

46 N.T.C. 490 10 21.93 10,744 811.00 397,390

47 Rangpur Dairy & Food Prod Ltd. 2,464 10 14.61 36,000 20.30 50,019

48 Bangladesh Welding Electrodes 357 10 9.24 3,300 18.80 6,712

49 Dhaka Electric Supply Co. Ltd. 40,221 10 21.57 867,662 89.70 3,607,824

50 Eastern Lubricants 3,050 10 146.24 446,038 301.30 918,965

51 GBB Power Ltd. 78,000 10 32.00 2,496,000 29.30 2,285,400

52 Jamuna Oil Company Ltd. 13,982 10 71.57 1,000,743 229.10 3,203,276

53 Linde Bangladesh Ltd. (BOC) 7,800 10 136.73 1,066,461 581.40 4,534,920


55 Mjl Bangladesh Ltd. 2,700 10 78.34 211,510 77.70 209,790


57 Summit Power Ltd. 44,871 10 31.26 1,402,884 39.80 1,785,866

58 Summit Purba. Power Co Ltd 4,940 10 30.77 152,000 72.30 357,162

59 Titas Gas Trans & D.C.L 131,255 10 59.45 7,803,743 82.20 10,789,161


61 Agni Systems Ltd. 1,378 10 9.40 12,960 23.10 31,832

62 Bangladesh Subm. Cable Co. 15,850 10 66.37 1,052,000 231.00 3,661,350

63 Agrani Insurance Co. Ltd. 39,699 10 19.74 783,553 25.00 992,475


65 Asia Pacific General Insurance 10,360 10 13.34 138,171 34.10 353,276

66 Central Insurance Co. Ltd. 31,083 10 7.01 217,820 30.00 932,490

67 City General Insurance Co. Ltd 5,090 10 7.49 38,102 26.80 136,412

68 Continental Insurance Ltd. 22,209 10 9.71 215,744 28.60 635,177


70 Eastland Insurance Co. Ltd. 31,109 10 3.00 93,464 44.40 1,381,240

71 Islami Insurance BD Ltd. 6,600 10 7.58 50,000 26.80 176,880

72 Janata Insurance Co. Ltd. 425 100 137.16 58,291 238.50 101,363

73 Karnaphuli Insurance Co. Ltd. 23,816 10 10.03 238,857 24.90 593,018


75 Northern General Insurance Co 7,624 10 5.25 40,000 43.90 334,694

76 Padma Islami Life Insurance 2,500 10 10.00 25,000 67.00 167,500

77 Paramount Insurance Co. Ltd. 3,927 10 7.87 30,909 24.00 94,248

78 Phoenix Insurance Co. Ltd. 5,880 10 1.87 10,970 42.10 247,548


80 Prime Insurance Company Ltd. 22,288 10 0.00 0 33.30 742,190

81 Prime Islami Life Insurance Ltd. 18,646 10 3.75 70,000 105.30 1,963,424



84 Rupali Life Insurance Co. Ltd. 7,147 10 7.00 50,000 113.00 807,611



76

SL.


No. of

shares

Par

value

(Tk.)

Average

cost

price per

share

(Tk.) on

30.06.13

Total cost

price

(Tk.)

on 30.06.13

Market

price per

share

(Tk.) on

30.06.13

Total Market

price (Tk.)

on 30.06.13


88 Al-Arafah Bank 1st M Fund 1,560 10 0.00 0 7.00 10,920



91 Exim Bank 1st Mutual Fund 100,000 10 10.00 1,000,000 10.00 1,000,000

92 FAS Finance And Invest Ltd 69,389 10 11.26 780,979 17.00 1,179,613

93 First Janata Bank Mutual Fund 93,000 10 9.06 842,900 6.80 632,400

94 Grameen One : Scheme Two 7,700 10 9.09 70,000 20.90 160,930

95 Green Delta Mutual Fund 104,000 10 8.18 850,800 6.10 634,400

96 ICB AMCL First Mutual Fund 6,000 10 24.09 144,545 45.80 274,800

97 ICB AMCL Second M. Fund 89,000 10 9.99 889,000 6.90 614,100

98 ICB AMCL Secound Nrb M.F. 3,000 10 10.00 30,000 13.20 39,600

99 ICB AMCL Sonali Bank 1st Mf 749,500 10 10.00 7,495,000 10.50 7,869,750

100 ICB AMCL Third Nrb M Fund 85,500 10 9.39 803,200 6.20 530,100

101 ICB Empl Prov.M.F.One:S.O 95,000 10 9.82 932,600 7.30 693,500

102 IFIC Bank 1st Mf 14,500 10 10.00 145,000 8.60 124,700

103 IFIL Islamic Mutual Fund-1 85,500 10 8.01 684,700 5.80 495,900

104 MBL 1st Mutual Fund 84,500 10 10.00 845,000 6.50 549,250

105 NCCBL Mutual Fund-1 50,000 10 10.00 500,000 10.30 515,000


107 Popular Life First Mutual Fund 32,500 10 10.00 325,000 7.30 237,250

108 Prime Bank 1st ICB AMCL M F 57,000 10 9.09 518,000 7.10 404,700

109 Prime Finance First M. Fund 4,000 10 10.00 40,000 18.90 75,600


111 Islam Jute Mills Ltd. 2,700 100 148.00 399,600 148.00 399,600

112 Aramit Ltd. 37,550 10 19.60 735,980 210.70 7,911,785

113 Bangladesh Shipping Corp. 5,180 100 500.00 2,590,000 447.25 2,316,755

114 Bengal Windsor Thermo. Ltd. 5,800 10 25.00 145,000 47.80 277,240

115 Beximco Ltd.(Share) 23,337 10 92.10 2,149,300 41.70 973,153

116 Global Heavy Chemicals Ltd. 5,500 10 20.00 110,000 48.10 264,550

117 Miracle Industries Ltd. 6,180 10 3.24 19,998 12.20 75,396

118 Bangladesh Fin. & Inv. Co. Ltd 911 10 8.19 7,459 22.80 20,771

119 Bangladesh Inds. Finance Co. 5,456 10 10.56 57,619 17.50 95,480

120 Bay Leasing & Investment Ltd. 1,860 10 13.89 25,833 36.30 67,518

121 Delta BRAC Housing Fin Cor. 14,398 10 4.89 70,465 66.20 953,148

122 First Lease International Ltd. 8,520 10 4.95 42,164 35.00 298,200


124 I P D C 759 10 11.31 8,583 18.10 13,738


126 Lankabangla Finance Ltd. 1,621 10 3.95 6,410 59.70 96,774

127 Phoenix Finance & Inv. Ltd 25,797 10 5.09 131,273 36.80 949,330

128 Premier Leasing International 27,132 10 6.82 184,958 11.20 303,878




77

SL.


No. of

shares

Par

value

(Tk.)

Average

cost

price

per

share

(Tk.) on

30.06.13

Total cost

price

(Tk.)

on 30.06.13

Market

price per

share

(Tk.) on

30.06.13

Total Market

price (Tk.) on

30.06.13

132 ACI Ltd. 6,799 10 32.58 221,503 149.10 1,013,731

133 Active Fine Chemicals Ltd. 862 10 5.80 5,000 72.70 62,667

134 Beacon Pharmaceuticals Ltd. 82,875 10 9.52 789,286 14.10 1,168,538

135 Beximco Pharmaceuticals Ltd. 17,857 10 16.91 301,967 52.20 932,135

136 Beximco Synthetics 138 10 5.28 729 17.70 2,443


138 Keya Cosmetics Ltd. 8,518 10 11.97 102,000 27.90 237,652

139 Orion Infusions Ltd(Mala) 66,600 10 14.61 972,968 42.40 2,823,840

140 Orion Pharma Ltd. 55,000 10 60.00 3,300,000 68.50 3,767,500




144 Wata Chemicals Ltd. 2,400 10 22.04 52,900 27.00 64,800

145 Eastern Housing Ltd. (Share) 22,220 10 9.11 202,323 56.90 1,264,318


147 Unique Hotel & Resorts Ltd. 180 10 0.00 0 114.10 20,538

148 Excelsior Shoes Ltd. 2,500 100 100.00 250,000 69.25 173,125

149 Paragon Leather & Footwear Ltd. 16,800 100 79.64 1,337,950 16.00 268,800


151 Anlima Yarn Dyeing Ltd. 17,000 10 9.99 169,876 19.40 329,800

152 Apex Weaving & Finis Mills 34,410 10 7.20 247,809 15.67 539,205

153 Ashraf Textile Mills Ltd. 2,678 10 7.69 20,581 17.80 47,668

154 BD.Dyeing & Finishing Ind 600 100 83.35 50,010 64.25 38,550


156 Familytex (BD) Ltd. 11,500 10 10.00 115,000 35.90 412,850

157 Generation Next Fashions Ltd. 9,000 10 6.11 55,000 20.80 187,200

158 H.R.Textile Mills Ltd. 6,325 10 7.91 50,000 23.40 148,005

159 Maksons Spinning Mills Ltd. 89,970 10 17.33 1,559,471 13.30 1,196,601


161 Metro Spinning Ltd. 9,108 10 7.37 67,116 14.60 132,977

162 Quasem Textile 20,400 10 10.00 204,000 14.00 285,600


164 Square Textiles Ltd 65 10 51.73 3,362 88.30 5,740

165 Tallu Spinning Mills Ltd. 4,362 10 8.70 37,940 28.50 124,317

166 The Dacca Dye. & Man. Co. Ltd. 3,870 10 6.46 25,000 30.40 117,648

167 IBBL Mudaraba Perp. Bond 3,010 1,000 992.46 2,987,290 936.50 2,818,865

168 BD. Welding Electrodes (DEB) 52 2,500 600.00 31,200 600.00 31,200

169 Unique Hotel & Resorts Ltd. 1,200 75.00 90,000 75.00 90,000

Total 5,479,114 111,853,164 275,073,826

78


Statement of Profit on Sale of Securities For the year ended 30 June 2013 cwiwkó-3.4

Annexure-3.4

SL.


No. of

Shares

Sold

Cost

Price

Per

Share

(Taka)

Selling

Price

Per

Share

(Taka)

Total Cost

Price (Taka)

Total Selling

Price (Taka)

Total

Profit/Loss

on Sale of

Security

(Taka)

1 AB Bank Ltd. 5,000 2.02 32.90 10,108 164,500 154,392

2 Aramit Cement Ltd. 60,000 13.54 73.58 812,112 4,415,000 3,602,888


4 Olympic Industries Ltd. 41,500 5.36 134.26 222,561 5,571,750 5,349,189



7 Summit Purbanchol Power Co Ltd 137,700 40.00 59.86 5,508,000 8,243,410 2,735,410


9 Bangladesh Submarine Cable Co. 13,000 35.00 152.05 455,000 1,976,700 1,521,700



12 Bengal Windsor Thermo. Ltd. 8,000 25.00 58.63 200,000 469,000 269,000


14 Beacon Pharmaceuticals Ltd. 30,000 9.52 26.43 285,714 793,000 507,286

15 Orion Pharma Ltd. 70,800 60.00 73.35 4,248,000 5,193,440 945,440



18 Familytex (BD) Ltd. 19,000 10.00 44.82 190,000 851,500 661,500


Total 17,849,390 38,905,085 21,055,695

79

PZy_© AvBwmwe wgDPyq¨vj dvÛ Fourth ICB Mutual Fund

jf¨vsk I my Avq

2012-13 A_©eQ‡i G dvÛ †gvU 85wU wmwKDwiwUR n‡Z 65.06 j¶ UvKv jf¨vsk I my eve` Avq K‡i‡Q hvi g‡a¨ 58.39 j¶ UvKv (89.75 kZvsk) 30 Ryb 2013 Zvwi‡Li g‡a¨ bM‡` cvIqv hvq| †hLv‡b GB dvÛ 2011-12 A_©eQ‡i jf¨vsk I my eve` Avq K‡iwQj 58.17 j¶ UvKv hvi g‡a¨ bM‡` cvIqv wM‡qwQj 51.74 j¶ UvKv| 2012-13 A_©eQ‡ii †Kv¤úvwb wfwËK jf¨vsk I my Avq Ges cÖvc¨ jf¨vsk I my‡ì we —vwiZ weeiY h_vµ‡g cwiwkó-4.1 Ges cwiwkó-4.2 G †`Lv‡bv n‡q‡Q|


The Fund has earned an amount of Tk. 65.06 Lac as


of 85 companies during 2012-13 of which a sum of

Tk. 58.39 lac (89.75 per cent) was received in cash

within 30 June 2013. In 2011-12 the fund earned an

amount of Tk. 58.17 lac as dividend and interest

income of which Tk. 51.74 lac was received in cash.

Details of dividend & interest income and

receivables in the FY 2012-13 are shown in Annex-

4.1 and Annex-4.2 respectively.


2012-13 A_©eQ‡i G dvÛ 20wU ‡Kv¤úvwbi wmwKDwiwUR weµq K‡i 2011-12 A_©eQ‡ii 185.29 j¶ UvKvi wecix‡Z 208.48 j¶ UvKv g~jabx gybvdv AR©b K‡i‡Q| g~jabx gybvdv AR©‡bi we —vwiZ weeiY cwiwkó- 4.4 G †`Lv‡bv n‡q‡Q :


During 2012-13, the Fund has earned Tk.208.48 lac

as capital gains against Tk. 185.29 lac earned during

2011-12 by selling securities of 20 companies.

Details of the capital gains are shown in Annex-4.4 :


‡kqvi Ges wW‡eÂvi/e‡Û wewb‡qvM n‡Z jf¨vsk I my eve` Avq 65.06 j¶ UvKv, e¨vsK Avgvb‡Zi Dci my 52.68 j¶ UvKv, g~jabx gybvdv 208.48 j¶ UvKv Ges Ab¨vb¨ Avqmn Av‡jvP¨ A_©eQ‡i G dv‡Ûi †gvU Av‡qi cwigvY `vuovq 326.22 j¶ UvKv| ÷vd LiP, eë ’vcbv wd, gy ªY I †ókbvix, WvK I Zvi, AvBwmweÕi mv‡_ cwiPvwjZ PjwZ wnmv‡ei Dci my , e¨vsK PvR©, wewb‡qvM mwÂwZ Ges Ab¨vb¨ LiP eve` †gvU 33.83 j¶ UvKv ev` †`qvi ci dv‡Ûi bxU Avq ùvovq 292.39 j¶ UvKv| c~e©eZx©© eQ‡ii Aew›UZ gybvdv 370.93 j¶ UvKv †hvM Kivi ci 30 Ryb 2013 Zvwi‡L dv‡Ûi bxU e›Ub‡hvM¨ Av‡qi cwigvY `vuovq 663.32 j¶ UvKv Ges mvwU©wd‡KU cÖwZ e›Ub‡hvM¨ gybvdvi cwigvY ùvovq 66.33 UvKv|


During the year under review, the Fund has earned a









interest on current account with ICB, bank charges,

provision against investments and other expenses,

the net income of the Fund stood at Tk.292.39 lac.

Taking into account the previous year’s

undistributed income of Tk. 370.93 lac, the Fund

had a net distributable total income of Tk 663.32 lac

and per certificate income of Tk. 66.33 as on 30

June 2013.

jf¨vsk

Av‡jvP¨ dvÛ 2012-13 A_©eQ‡i cÖwZwU 10.00 UvKv g~j¨gv‡bi mvwU©wd‡K‡Ui Rb¨ 240.00 kZvsk nv‡i jf¨vsk †NvlYv K‡i‡Q hv c~e©eZx© eQ‡i wQj 185.00 kZvsk| jf¨vsk cÖ v‡bi Rb¨ †gvU 240.00 j¶ UvKvi ms ’vb ivLvi ci dv‡Û 423.32 j¶ UvKv Aew›UZ gybvdv wQj| mviYx- 4.1 G dv‡Ûi eQiIqvix jf¨vs‡ki nvi cÖ wk©Z nj:

Dividend


percent per certificate of Tk.10.00 each for the year

2012-13 which was 185.00 per cent per certificate in

the previous year. After making provision of Tk.

240.00 lac for payment of dividend the Fund has an

undistributed income of Tk.423.32 lac. The year-

wise dividend performance of the Fund is shown at

Table-4.1 :

80

Table – 4.1 : Year-wise dividend performance

Financial

year


year

Dividend percentage


1987-88

1988-89

1989-90

1990-91

1991-92

1992-93

1993-94

1994-95

1995-96

1996-97

1997-98

1998-99

1999-00

11.00 10.50

23.00

23.50

23.00

17.00

18.00

17.00

40.00

41.00

41.00

45.00

32.00

35.00

36.00

21.50

23.00

23.50

23.00

17.00

18.00

17.00

40.00

41.00

41.00

45.00

32.00

35.00

36.00

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

38.00

40.00

40.00

45.00

48.00

48.00

52.00

60.00

80.00

125.00

165.00

185.00

240.00

38.00

40.00

40.00

45.00

48.00

48.00

52.00

60.00

80.00

125.00

165.00

185.00

240.00

cÎ‡Kvl 2012-13 A_©eQ‡i G dvÛ wewfbœ LvZwfwËK wmwKDwiwUR- mg~‡n 429.17 j¶ UvKv wewb‡qvM K‡i‡Q| 30 Ryb, 2013 Zvwi‡L G dv‡Ûi cÎ‡Kv‡l 1191.65 j¶ UvKv µqg~‡jï 143 wU ‡Kv¤úvwb Ges 23 wU wgDPy qvj dv‡Ûi wmwKDwiwUR wQj hvi evRvig~j¨ wQj 2711.61 j¶ UvKv| 30 Ryb 2013 Zvwi‡L dv‡Ûi cÎ‡Kv‡li we —vwiZ weeiY cwiwkó-4.3 G cÖ wk©Z n‡q‡Q| 30 Ryb 2013 Zvwi‡L cÖwZwU 10.00 UvKv g~j¨gv‡bi PZy_© AvBwmwe wgDPyq¨vj dvÛ mvwU©wd‡K‡Ui jf¨vsk cieZx© bxU m¤c`g~j¨ ùvovq 205.24 UvKv|

XvKv ÷K G·‡PÄ wjt-G 2012-13 A_©eQ‡i 10.00 UvKv g~j¨gv‡bi PZy_© AvBwmwe wgDPyq¨vj dv‡Ûi mvwU©wd‡KU cÖwZ cÖviw¤¢K I mgvcYx evRvi g~j¨ wQj h_vµ‡g 141.50 UvKv I 200.00 UvKv| 30 Ryb 2013 Zvwi‡L dv‡Ûi mvwU©wd‡KU ‡nvìvi‡ì msL¨v wQj 1378 Rb|

Portfolio

During 2012-13 the Fund invested of Tk. 429.17 lac

in securities of different sectors. As on 30 June 2013

the Fund had securities of 143 companies and 23

mutual funds in its portfolio with a total cost of Tk.

1191.65 lac, the market value of which was Tk.

2711.61 lac. Details of the portfolio of the Fund as on

30 June 2013 are given in Annex-C


Tk.10.00 each of Fourth ICB Mutual Fund stood at

Tk. 205.24 as on 30 June 2013.

During 2012-13 the opening and closing market price

per certificate of the Fourth ICB Mutual Fund of Tk.

10.00 each was Tk. 141.50 and Tk. 200.00

respectively at DSE.

The number of Certificate holders of the Fund was

1378 as on 30 June 2013.

81

AUDITORS’ REPORT To the Certificate Holders’ of Fourth ICB Mutual Fund

We have audited the accompanying Financial Statements of Fourth ICB Mutual Fund (the “Fund”) which







management determines is necessary to enable the preparation of these financial statements of the Fund that

are free from material misstatement, whether due to fraud or error.







financial statements. The procedures selected depend on our judgements, including the assessment of the

risks of material misstatement of the financial statements of the Fund, whether due to fraud or error. In

making those risk assessments, we consider internal control relevant to the entity’s preparation and fair

presentation of the financial statements of the Fund in order to design audit procedures that are appropriate

in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s

internal control. An audit also includes evaluating the appropriateness of accounting policies used and the




audit opinion.

Opinion


matter paragraph, the financial statements of the Fund prepared in accordance with the Bangladesh

Financial Reporting Standards (BFRS), give a true and fair view of the financial position of the Fund as at

30 June 2013 and the results of its financial performance and its cash flows for the year ended 30 June 2013

and comply with the ICB Ordinance 1976, the Mutual Fund Regulations 1993, the Securities and Exchange

Rules 1987 and other applicable laws and regulations.

Emphasis of matter




82









iv) the expenditure incurred was for the purposes of the Fund's business;

K.M. Alam & Co.



Dhaka, 29 July 2013

83

Investment Corporation of Bangladesh Fourth ICB Mutual Fund


Note

Amount in Taka

30-Jun-13 30-Jun-12

Assets


Cash at Bank 5 32,786,827 53,113,920

Dividend and Interest Receivable 6 869,650 843,352

Receivable Installments of Investments 7 367,277 367,277


Other Receivables 8 75,623 791,971

Total Assets 163,264,200 151,475,705

Liabilities


Unclaimed Dividend 10 8,422,963 7,057,658 Provision for Dividend & Interest Receivable 11 183,017 183,017

Provision for Loss on Value of Investments 12 11,324,230 11,324,230 Provision for Possible Fluctuation of Investment 13 66,020,000 66,020,000

Other Liabilities 14 28,100 339,819


Net Assets 77,243,125 66,503,888


Capital Fund 15 10,000,000 10,000,000



77,243,125 66,503,888

Net Asset Value (NAV) Per Share:






The annexed notes 1 to 25 form an Integral part of these Financial Statements.






Dhaka, 29 July 2013


84



Notes

Amount in Taka

30-Jun-13 30-Jun-12

Income




Net Realized Gain on Investment(See Annexure-4.4) 20,847,992 18,529,329

Others - -

32,622,445 29,387,253

Expenses

Staff Expenses 20 794,528 496,075

Management Fee 21 100,000 100,000

Listing Fee 22 20,000 20,000

Audit Fee 14,500 15,000





Others 23 359,272 218,669

3,383,207 917,257


Provision:



- 4,100,000



Distributable Income Carried to Statement of

Financial Position

66,332,041

55,592,803

Earning Per Certificate During the Year 29.24 24.37

The Annexed notes 1 to 25 form an Integral part of these Financial Statements.






Dhaka, 29 July 2013


85

Fourth ICB Mutual Fund


Particulars Capital Fund General

Reserve

Distributable

Income Total


Net income for the period - - 24,369,996 24,369,996

Dividends - - (16,500,000) (16,500,000)


Net profit for the period - - 29,239,239 29,239,239

Dividends (18,500,000) (18,500,000)


The annexed notes 1 to 25 form an Integral part of these Financial Statements.



Dhaka, 29 July 2013

86



Amount in Taka




Adjustment for:


Dividend and Interest Receivable (26,299) 489,616

Other Liabilities (311,719) 66,381


Sale/(Purchase) of Marketable Investments (Net) (22,805,637) (12,815,665)

Others Assets 716,348 (791,971)



Dividend Paid (16,396,429) (14,547,021)

Tax Paid (738,266) (670,883)


Net Increase/(Decrease) in Cash (20,327,092) 233,009



The Annexed Notes 1 to 25 form an Integral part of these Financial Statements.



Dhaka, 29 July 2013

87


NOTES TO THE FINANCIAL STATEMENTS

as at and for the year ended 30 June 2013







Keeping in line with these objectives, the Fourth ICB Mutual Fund (the Fund) was established in June 1987,







yearly basis.















expenses.

88







secondary markets.


price.




3.2 Taxation


3.3 Cash and Bank


3.4 General:







89

Amount in Taka

30-Jun-13 30-Jun-12


The market value of investments was Tk 271,161,281.25 at the close of business on June 30, 2013



5 Cash at Bank






IFIC Bank (Federation Branch), STD A/c-863001542 6 724








IFIC Bank (Federation Branch), STD A/c-1008-437-041 476,406 -


IFIC Bank (Motijheel Branch), C/A A/c-88894 (2,633,739) (24,975)


32,786,827 53,113,920

6 . Dividend and Interest on Debenture Receivable

Dividend Receivable for More than one Year 67,938 66,118

Interest on Debenture Receivable for More than one Year 134,239 134,239

Dividend Receivable for Less than one Year 667,474 642,995

Total: 869,650 843,352

6.1. Movement of Dividend and Interest on Securities Receivable

Opening Balance 843,352 1,076,858

Add: Receivable During the Year 667,474 642,995




7 Receivable Installments of Investments




Outstanding for More than one Year

90

Amount in Taka

30-Jun-13 30-Jun-12

8. Other Receivables




(for Interest on FDR Receivable) 75,623 791,971

9 . Accrued Expenses

Audit Fee 14,500 15,000



Total: 42,765 47,093

10 . Unclaimed Dividend




Less: Tax Deducted at Source (2007-08) - -

Less: Tax Deducted at Source (2008-09) - -


8,422,963 7,057,658

11 Provision for Dividend and Interest Receivable 183,017 183,017


Opening Balance 11,324,230 11,324,230


11,324,230 11,324,230

13 Provision for Possible Fluctuation of Investment

Opening Balance 66,020,000 61,920,000


Closing Balance 66,020,000 66,020,000

14 . Other Liabilities


Add: Made During the Year - 66,381

Add: Adjustment During the Year (311,719) -


91

Amount in Taka

30-Jun-13 30-Jun-12

15 . Capital Fund 10,000,000 10,000,000


16 . General Reserve 911,085 911,085

The balance represents forfeited unclaimed Dividend over 6 Years up to 2004.

17 . Distributable Income

Opening Balance 55,592,803 47,722,807


37,092,803 31,222,807 Add: Net Income 29,239,239 24,369,996

Closing Balance 66,332,041 55,592,803

18 . Dividend & Interest Earned

Dividend 6,506,461 5,768,015

Interest - 48,750

6,506,461 5,816,765


19 . Interest on Bank Deposits

Agrani Bank Ltd. 4,060 3,767

IFIC Bank Ltd. 1,224,222 349,994

Standard Bank Ltd. - -

ICB 4,039,710 4,542,398

UCBL - 145,000

Total: 5,267,992 5,041,159

20 . Staff Expenses

Basic Salary 286,011 205,172



Other Allowance (Note No.-20a) 276,012 150,443

794,528 496,075

20a. Other Allowance


Overtime 1,500 -




Pension 48,292 34,879

Child Allowance 1,600 1,675




276,012 150,443

92

Amount in Taka

30-Jun-13 30-Jun-12

21 . Management Fee 100,000 100,000

Management fee at the rate of one percent on capital fund is paid to ICB for management services

and support received from the Corporation as per the decision of the Board of Directors.

22. Listing Fee



Total: 20,000 20,000

23 . Others Expenses




CDBL Charge 138,171 90,421



Total: 359,272 218,669

24 Disclosure of Deviations from few Requirements of BAS/BFRS




provision are kept when market value is lower than cost price. Investments have not been accounted in

market value (MV) which is a very newly adopted accounting standard in Bangladesh. In the Financial

Statement this standard has not been considered due to volatile stock market scenario, conservative

policy of fund management and prevailing dividend policy of mutual fund. At the year-end market value

(for quoted shares) and book value (for unquoted shares) are higher than cost price by

Tk.151,996,459.25


considering overall decrease in the value of investment. The fund maintains both provision for loss on

value of investment and provision for possible price fluctuation which is shown in Statement of

Financial Position under liabilities amounting to Tk. 11,324,230.00 and Tk. 66,020,000.00 respectively.



prudent in risk management which is evident from steady growth of the fund. The fund is not exposed to

any foreign currency and interest rate risk.

25. Event After the Reporting Date The Board of Directors of Investment Corporation of Bangladesh declared cash dividend of Tk 24.00




93


Statement of Dividend & Interest Income cwiwkó-4.1

Annexure-4.1

SL. No.


Held

Par Value (Tk.)

Rate of Dividend

Declared (%)

Amount of Dividend

Received (Tk.)




4 Apex Spinning & Knitting Mills Ltd. 23,800 10 18.00 42,840.00

5 Apex Tannery Ltd. 50 10 35.00 175.00

6 Apex Tannery Ltd. 18,150 10 35.00 63,525.00


8 Aramit Ltd. 6,975 10 50.00 34,875.00


10 Bangladesh Lamps Ltd. 715 10 20.00 1,330.00



13 Bata Shoe Co. (BD) Ltd. 864 10 105.00 9,072.00

14 Bata Shoe Co. (BD) Ltd. (Interim) 864 10 170.00 14,688.00

15 BATBC 21,025 10 400.00 841,000.00

16 BATBC (Interim) 21,025 10 100.00 210,250.00


18 BSRM Steels Ltd. 7,940 10 10.00 7,940.00




22 DESCO 37,276 10 10.00 37,224.65


24 Eastern Bank Ltd. 24,092 10 20.00 48,184.00


26 Eastern Lubricants Ltd. 650 10 30.00 1,950.00




30 GBB Power Ltd. 62,400 10 5.00 31,200.00

31 Glaxo Smithkline BD Ltd. 200 10 150.00 3,000.00


33 Golden Son Ltd. 275 10 5.00 137.50






39 ICB AMCL 1st M.F. 26,500 10 100.00 265,000.00

40 ICB AMCL 1st NRB M.F. 1,000 10 37.00 3,700.00

94

SL. No.


Held

Par Value (Tk.)

Rate of Dividend

Declared (%)

Amount of Dividend

Received (Tk.)

41 ICB AMCL 2nd M.F. 85,000 10 5.00 42,500.00

42 ICB AMCL 2nd NRB M.F. 16,000 10 23.00 36,800.00


44 IFIC Bank 1st M.F. 21,000 10 5.00 10,500.00

45 International Lsesing & Finance Ser Ltd. 8,337 10 5.00 4,168.50

46 IPDC 2,761 10 10.00 2,761.00


48 Jamuna Bank Ltd. 47,970 10 14.00 67,158.00

49 Jamuna Oil Company Ltd. 9,984 10 45.00 44,928.00


51 Linde Bangladesh Ltd. 300 10 110.00 3,300.00

52 Linde Bangladesh Ltd.(Interim) 300 10 200.00 6,000.00

53 Meghna Cement Mills Ltd. 1,500 10 25.00 3,750.00



56 MJL Bangladesh Ltd. 2,600 10 25.00 6,500.00


58 National Bank Ltd. 28,329 10 6.00 16,997.40


60 One Bank Ltd. 1,651 10 5.00 825.50


62 Orion Pharma Ltd. 59,000 10 20.00 118,000.00

63 Padma Oil Co. Ltd. 48,600 10 65.00 315,900.00

64 Padma Oil Co. Ltd. 21,600 10 50.00 108,000.00

65 Paramount Insurance Co. Ltd. 12,127 10 5.00 6,063.50

66 Phoniex Finance 1st M.F. 10,000 10 5.00 5,000.00



69 Prime Bank 1st ICB M.F. 57,000 10 5.00 28,500.00

70 Prime Bank Ltd. 30,480 10 10.00 30,480.00

71 Prime Finance 1st M.F. 4,000 10 10.00 4,000.00


73 Prime Textile Spinning Mills Ltd. 10,000 10 10.00 10,000.00

74 RAK Ceramics Ltd. 23,490 10 15.00 35,235.00

75 Reckitt Benkiser (BD) Ltd. 450 10 150.00 6,750.00

76 Social Islami Bank Ltd. 8,209 10 5.00 4,104.50






82 Trust Bank 1st M.F. 47,500 10 5.00 23,750.00




Total: 2,181,386 6,506,460.27

95



cwiwkó-4.2

Annexure -4.2

SL.


No. of

Shares Held

Par Value

(TK.)

Rate of

Dividend

Declared (%)

Amount Receivable

(TK.)



2 BD Dyeing & Finishing Ind. Ltd. 1,920 100 10.00 16,320.00

3 BD Dyeing & Finishing Ind. Ltd. 1,920 100 10.00 16,320.00

4 BD Online Ltd. 625 10 10.00 625.00

5 Fine Foods Ltd. 28,000 10 5.00 14,000.00

6 First Lease Intt. Ltd. 353 100 10.00 353.00

7 Republic Insurance Ltd. 500 100 5.00 500.00

8 National Tea Co. Ltd 910 10 20.00 1,820.00

Total: (A) 67,938.00

B. Interest Receivable for more than one year

1 Beximco Fisheries Ltd. (Deb) 100 2,142.84 14.00 15,000.00


3 Beximco Knitting Ltd. (Deb) 26 1,712.00 14.00 3,115.84






9 Beximco Fisheries Ltd. 100 1,285.68 14.00 9,000.00


13 Bangladesh Welding Electrodes 38 1,800.00 15.00 5,130.00




27 BD. Welding Electrodes Ltd. (Deb) 38 2,500.00 15.00 7,125.00



30 Bd. Welding Electrodes Ltd. 38 2,500.00 15.00 7,125.00

31 Bd. Welding Electrodes Ltd. 38 2,000.00 15.00 5,700.00

32 BD Welding Electrodes Ltd. 38 1,000.00 15.00 2,850.00

33 BD Welding Electrodes Ltd. 38 800.00 15.00 2,280.00

Total (B) : 134,238.80

96

SL.


No. of

Shares Held

Par Value

(TK.)

Rate of

Dividend

Declared (%)

Amount Receivable

(TK.)




3 Reckitt Benckiser (BD) Ltd. 450 10 1.50 6,750.00

4 Aramit Ltd. 6,975 10 0.50 34,875.00













17 Golden Son Ltd. 275 10 0.05 137.50




21 Orion Pharma Ltd. 59,000 10 0.20 118,000.00


Total (C) : 667,473.50

(A+B+C) : 869,650.30

97



cwiwkó-4.3

Annexure – 4.3

SL.


No. of

Shares Par Value

Average

Cost

Price Per

Share on

30.06.13

Total cost price

(Taka) 30.06.13

Market

Price Per

Share on

30.06.13

Total Market

Price (Taka)

30.06.13

1 AB Bank Ltd. 46,828 10 0.13 6,194.42 28.20 1,320,549.60

2 Al-Arafah Islami Bank Ltd. 8,530 10 9.44 80,504.74 15.90 135,627.00

3 Bank Asia Ltd. 80,414 10 19.21 1,544,562.00 19.30 1,551,990.20

4 BRAC Bank Ltd. 49,956 10 6.04 301,701.49 29.90 1,493,684.40

5 Dhaka Bank Ltd. 45 10 90.90 4,090.50 23.90 1,075.50

6 Eastern Bank Ltd. 24,092 10 42.87 1,032,920.00 27.00 650,484.00


8 First Security Islami Bank Ltd. 12,368 10 4.70 58,074.77 13.80 170,678.40

9 I.F.I.C. Bank Ltd. 97,000 10 26.01 2,522,626.24 21.90 2,124,300.00

10 Islami Bank Ltd. 130,806 10 14.97 1,957,823.78 38.30 5,009,869.80

11 Jamuna Bank Ltd. 47,970 10 27.07 1,298,700.00 15.80 757,926.00


13 Mutual Trust Bank Ltd. 40,898 10 22.60 924,451.01 17.10 699,355.80


15 One Bank Ltd. 1,898 10 1.69 3,205.52 15.80 29,988.40

16 Premier Bank Ltd. 8,470 10 2.74 23,227.26 12.30 104,181.00

17 Prime Bank Ltd. 33,528 10 30.48 1,022,003.20 28.20 945,489.60



20 Southeast Bank Ltd. 51,891 10 14.18 735,837.77 16.90 876,957.90

21 Standard Bank Ltd. 181,635 10 3.84 697,716.85 16.30 2,960,650.50

22 Trust Bank Ltd. 85,285 10 19.41 1,655,442.16 21.90 1,867,741.50

23 Aramit Cement Ltd. (Share) 44,770 10 32.33 1,447,422.67 75.90 3,398,043.00

24 Confidence Cement Ltd. 136,205 10 26.23 3,573,168.34 129.50 17,638,547.50

25 Heidelberg Cement BD. Ltd. 78,790 10 74.40 5,862,213.80 335.00 26,394,650.00




29 Bengal Fine Ceramics Ltd. 1,850 100 100.00 185,000.00 60.00 111,000.00

30 Monno Ceramic Indus Ltd. 6,480 10 4.60 29,796.98 27.80 180,144.00

31 RAK Ceramics(BD) Ltd. 25,839 10 48.73 1,259,220.00 52.20 1,348,795.80

32 Bangladesh Lamps Ltd. 665 10 1.63 1,084.50 117.20 77,938.00

33 BSRM Steels Ltd. 8,337 10 16.00 133,389.82 80.00 666,960.00

34 Eastern Cables Ltd. 4,200 10 1.28 5,359.12 55.40 232,680.00

35 Golden Son Ltd. 275 10 17.68 4,861.10 43.10 11,852.50


37 Karim Pipe Mills Ltd. 2,600 100 103.00 267,800.00 27.25 70,850.00

38 Wonderland Toys Ltd. 2,800 100 100.00 280,000.00 68.25 191,100.00

39 B A T B C 21,149 10 36.46 771,037.54 1,065.30 22,530,029.70

98

SL.


No. of

Shares

Par

Value

Average

Cost

Price Per

Share on

30.06.13

Total cost

price (Taka)

30.06.13

Market

Price Per

Share on

30.06.13

Total Market

Price (Taka)

30.06.13

40 B.L.T.C. 60 10 200.00 12,000.00 243.75 14,625.00

41 Bangas Ltd. 17,884 10 3.72 66,500.00 456.80 8,169,411.20

42 Fine Foods Ltd. 2,572 10 0.00 0.00 16.70 42,952.40

43 Froglegs Export Ltd. 12,000 10 13.00 156,000.00 13.00 156,000.00


45 N.T.C. 910 10 19.86 18,072.85 811.00 738,010.00

46 Rangpur Dairy & Food P. Ltd. 2,464 10 14.61 36,000.00 20.30 50,019.20

47 Bangladesh Wel. Electrodes Ltd. 1,585 10 9.27 14,700.00 18.80 29,798.00

48 Dhaka Electric Supply Co. Ltd. 42,808 10 21.98 940,724.24 89.70 3,839,877.60

49 Eastern Lubricants 650 10 141.85 92,202.00 301.30 195,845.00

50 GBB Power Ltd. 78,000 10 32.00 2,496,000.00 29.30 2,285,400.00

51 Jamuna Oil Company Ltd. 13,779 10 77.19 1,063,642.51 229.10 3,156,768.90

52 Linde Bangladesh Ltd.(BOC) 300 10 124.00 37,200.00 581.40 174,420.00


54 Mjl Bangladesh Ltd. 2,600 10 78.45 203,980.00 77.70 202,020.00

55 Padma Oil Company. 55,610 10 6.75 375,111.64 293.00 16,293,730.00

56 Power Grid Co. Bd. Ltd. 67,175 10 49.97 3,357,017.93 63.50 4,265,612.50

57 Summit Power Ltd. 25,687 10 35.79 919,350.00 39.80 1,022,342.60

58 Summit Pur Power Co Ltd 7,020 10 30.77 216,000.00 72.30 507,546.00

59 Titas Gas Trans & D.C.L 144,065 10 59.24 8,533,948.15 82.20 11,842,143.00

60 Aamra Technologies Ltd. 100 10 -180.00 -18,000.00 40.60 4,060.00

61 Agni Systems Ltd. 1,216 10 9.40 11,435.50 23.10 28,089.60

62 Bangladesh Sub Cable Co. 16,400 10 65.21 1,069,500.00 231.00 3,788,400.00




66 Central Insurance Co.Ltd. 42,041 10 7.03 295,439.35 30.00 1,261,230.00

67 City General Insurance Co. Ltd 41,402 10 9.02 373,561.48 26.80 1,109,573.60

68 Continental Insurance Ltd. 29,128 10 9.05 263,697.63 28.60 833,060.80

69 Dhaka Insurance Ltd. 7,500 10 0.00 0.00 42.40 318,000.00

70 Eastland Insurance Co.Ltd. 22,399 10 2.80 62,744.20 44.40 994,515.60

71 Islami Insurance Bd Ltd. 6,600 10 7.58 50,000.00 26.80 176,880.00

72 Karnafuli Insurance Co.Ltd. 33,004 10 8.86 292,396.50 24.90 821,799.60

73 Mercantile Insurance Co. Ltd 27,841 10 15.07 419,558.60 25.80 718,297.80

74 Northern General Ins. Co 15,249 10 5.25 80,000.00 43.90 669,431.10


76 Paramount Insurance Co. Ltd. 12,127 10 7.87 95,454.54 24.00 291,048.00

77 Phoenix Insurance Co.Ltd. 21,327 10 2.79 59,400.00 42.10 897,866.70


79 Prime Islami Life Ins. Ltd. 20,999 10 3.57 75,000.01 105.30 2,211,194.70



99

SL.

No Company

No. of

Shares

Par

Value

Average

Cost

Price Per

Share on

30.06.13

Total cost

price (Taka)

30.06.13

Market

Price Per

Share on

30.06.13

Total Market

Price (Taka)

30.06.13

82 Rupali Life Insurance Co. Ltd. 11,434 10 7.00 80,000.00 113.00 1,292,042.00




86 Al-Arafah Bank 1st M F 1,265 10 0.00 0.00 7.00 8,855.00



89 Exim Bank 1st Mutual Fund 100,000 10 10.00 1,000,000.00 10.00 1,000,000.00

90 FAS Finance and Inv. Ltd. 36,099 10 8.35 301,541.55 17.00 613,683.00

91 First Janata Bank M F 134,000 10 8.90 1,192,900.00 6.80 911,200.00


93 Green Delta Mutual Fund 123,500 10 8.37 1,034,050.00 6.10 753,350.00


95 ICB AMCL First NRB M F 1,000 10 10.00 10,000.00 27.40 27,400.00

96 ICB AMCL Second M F 85,000 10 9.99 849,000.00 6.90 586,500.00

97 ICB AMCL 2nd NRB M.F. 16,000 10 10.00 160,000.00 13.20 211,200.00

98 ICB AMCL Sonali Bank 1st MF 690,500 10 10.00 6,905,000.00 10.50 7,250,250.00

99 ICB AMCL Third NRB M F 73,000 10 9.32 680,200.00 6.20 452,600.00

100 ICB Emp Prov.M.F.One:S.O 98,000 10 9.94 974,600.00 7.30 715,400.00

101 IFIC Bank 1st MF 21,000 10 10.00 210,000.00 8.60 180,600.00

102 IFIC Islamic Mutual Fund-1 114,500 10 8.28 948,400.00 5.80 664,100.00

103 MBL 1st Mutual Fund 88,500 10 10.00 885,000.00 6.50 575,250.00

104 NCCBL Mutual Fund-1 50,000 10 10.00 500,000.00 10.30 515,000.00

105 Phoenix Finance 1st MF 10,000 10 10.00 100,000.00 6.60 66,000.00

106 Popular Life First Mutual Fund 68,500 10 10.00 685,000.00 7.30 500,050.00

107 Prime Bank 1st ICB AMCL M F 57,000 10 9.10 518,700.00 7.10 404,700.00

108 Prime Finance First M F 4,000 10 10.00 40,000.00 18.90 75,600.00

109 Trust Bank 1st Mutual Fund 47,500 10 10.42 495,049.20 9.90 470,250.00

110 Islam Jute Mills Ltd. 1,500 100 105.00 157,500.00 105.00 157,500.00

111 Aramit Ltd. 6,975 10 6.67 46,500.00 210.70 1,469,632.50


113 Bengal Windsor Thermo Ltd. 5,200 10 25.00 130,000.00 47.80 248,560.00

114 Beximco Ltd.(Share) 18,262 10 85.95 13,13,010.65 41.70 7,71,075.40


116 Miracle Industries Ltd. 813 10 5.28 4,295.05 12.20 9,918.60

117 Bangladesh Fin. & Inv. Co. Ltd 1,019 10 5.55 5,653.43 22.80 23,233.20



120 Delta BRAC Housing Finance 12,489 10 4.89 61,096.57 66.20 826,771.80

121 First Lease International Ltd. 6,990 10 6.10 42,639.18 35.00 244,650.00


123 I P D C 2,761 10 2.08 5,731.30 18.10 49,974.10

124 Intl. Leasing & Fin. Services 8,337 10 1.94 16,202.53 17.30 144,230.10

100

SL.

No Company

No. of

Shares

Par

Value

Average

Cost

Price Per

Share on

30.06.13

Total cost

price (Taka)

30.06.13

Market

Price Per

Share on

30.06.13

Total Market

Price (Taka)

30.06.13

125 Lanka bangla Finance Ltd. 1,621 10 3.95 6,410.00 59.70 96,773.70

126 Peoples Leasing & Fin. Service 77 10 9.04 696.24 27.90 2,148.30

127 Phoenix Finance & Inv. Ltd 24,553 10 4.94 121,292.47 36.80 903,550.40

128 Premier Leasing International 33,474 10 8.78 294,026.10 11.20 374,908.80

129 Union Capital Ltd. 4,945 10 2.38 11,747.05 32.20 159,229.00


131 Maq Paper Industries Ltd. 2,000 100.00 100.00 200,000.00 42.75 85,500.00


133 Active Fine Chemicals Ltd. 862 10 5.80 5,000.00 72.70 62,667.40

134 Beacon Pharmaceuticals Ltd. 76,025 10 9.52 724,048.00 14.10 1,071,952.50

135 Beximco Pharmaceuticals Ltd. 50,100 10 8.71 436,448.91 52.20 2,615,220.00

136 Glaxo Smithkline (BD) Ltd. 200 10 26.68 5,336.00 633.00 126,600.00

137 Keya Cosmetics Ltd. 532 10 11.84 6,300.00 27.90 14,842.80

138 Orion Infusions Ltd. 8,000 10 10.92 87,352.00 42.40 339,200.00

139 Orion Pharma Ltd. 54,000 10 60.00 3,240,000.00 68.50 3,699,000.00





144 Unique Hotel & Resorts Ltd. 1,610 10 0.00 1,05,000.00 114.10 1,28,961.00

145 Apex Tannery Ltd. 18,200 10 27.50 500,412.97 86.70 1,577,940.00

146 Bata Shoes (BD) Ltd. 864 10 17.36 14,999.04 557.90 482,025.60


148 Alltex Industries Ltd. 1,000 10 5.13 5,125.00 7.00 7,000.00

149 Anlima Yarn Dyeing Ltd. 8,000 10 10.01 80,117.19 19.40 155,200.00

150 Apex Spinning & Knitting 23,800 10 12.50 297,500.00 61.70 1,468,460.00

151 Ashraf Textile Mills Ltd. 300 10 5.15 1,544.00 17.80 5,340.00

152 BD. Dyeing & Finishing Ind 1,920 100 83.34 160,009.60 64.25 123,360.00

153 Dandy Dyeing Ltd. 2,000 100 100.00 200,000.00 98.50 197,000.00


155 Familytex (Bd) Ltd. 16,000 10 10.00 160,000.00 35.90 574,400.00


157 Maksons Spinning Mills Ltd. 97,215 10 16.90 1,643,331.45 13.30 1,292,959.50


159 Metro Spinning Ltd. 21,820 10 7.10 154,987.90 14.60 318,572.00

160 Mithun Knitting And Dye Ltd. 14,490 10 5.80 84,000.00 74.60 1,080,954.00

161 Prime Textile Spin.Mills Ltd. 10,000 10 15.36 153,593.76 20.00 200,000.00


163 Square Textiles Ltd. 65 10 51.82 3,368.12 88.30 5,739.50

164 The Dacca Dye & Man. Ltd. 1,116 10 4.48 5,000.00 30.40 33,926.40

165 IBBL Mudaraba Perp. Bond 5,430 1,000 999.47 5,427,105.00 936.50 5,085,195.00

166 BD. Welding Electrodes (Deb) 38 2,500 600.00 22,800.00 600.00 22,800.00

Total: 5,231,113 119,164,821.97 271,161,281.25

101

Fourth ICB Mutual Fund Statement of Profit on Sale of Securities During 2012-13

Annexure-4.4

SL.


No. of

Shares

Sold

Cost

Price

Per

Share

(Taka)

Selling

Price Per

Share

(Taka)

Total Cost

Price (Taka)

Total Selling

Price (Taka)

Total

Profit/Loss on

Sale of Security

(Taka)

1 AB Bank Ltd. 5,000 0.35 32.90 1,737.50 164,500 162,762.50

2 Confidence Cement Ltd. 24,000 26.23 122.12 629,611.20 2,930,800 2,301,188.80

3 Heidelberg Cement Bd. Ltd. 25,000 74.40 271.00 1,860,075.00 6,775,000 4,914,925.00

4 Premier Cement Mills Ltd. 5,000 22.00 114.72 110,000.00 573,600 463,600.00



7 Padma Oil Company. 10,000 9.72 186.00 97,179.00 1,860,000 1,762,821.00

8 Summit Pur Power Co. Ltd. 139,700 40.00 60.53 5,588,000.00 8,456,210 2,868,210.00


10 Bangladesh Sub Cable Co. Ltd. 13,000 35.00 152.08 455,000.00 1,977,000 1,522,000.00

11 Sunlife Insurance Co. Ltd. 1,000 10.00 102.00 10,000.00 102,000 92,000.00

12 Icb Amcl Sonali Bank 1st MF 264,000 10.00 12.31 2,640,000.00 3,250,100 610,100.00

13 Bengal Windsor Therm Ltd. 8,000 25.00 58.63 200,000.00 469,000 269,000.00



16 Orion Pharma Ltd. 70,700 60.00 73.35 4,242,000.00 5,186,010 944,010.00



19 Family tex (Bd) Ltd. 19,000 10.00 44.82 190,000.00 851,500 661,500.00


Total 20,111,442.53 40,959,435 20,847,992.47

102

cÂg AvBwmwe wgDPyq¨vj dvÛ Fifth ICB Mutual Fund

jf¨vsk I my Avq

2012-13 A_©eQ‡i G dvÛ †gvU 92 wU wmwKDwiwUR n‡Z 82.06 j¶ UvKv jf¨vsk I my eve` Avq K‡i‡Q hvi g‡a¨ 73.14 j¶ UvKv (89.13 kZvsk) 30 Ryb 2013 Zvwi‡Li g‡a¨ bM‡` cvIqv hvq| †hLv‡b GB dvÛ 2011-12 A_©eQ‡i jf¨vsk I my eve` Avq K‡iwQj 79.54 j¶ UvKv hvi g‡a¨ bM‡` cvIqv wM‡qwQj 73.27 j¶ UvKv| 2012-13 A_©eQ‡ii †Kv¤úvwb wfwËK jf¨vsk I my Avq Ges cÖvc¨ jf¨vsk I my‡ì we —vwiZ weeiY h_vµ‡g cwiwkó-5.1 Ges cwiwkó-5.2 G †`Lv‡bv n‡q‡Q|


2012-13 A_©eQ‡i G dvÛ 20 wU ‡Kv¤úvwbi wmwKDwiwUR weµq K‡i 2011-12 A_©eQ‡ii 260.60 j¶ UvKvi wecix‡Z 230.39 j¶ UvKv g~jabx gybvdv AR©b K‡i‡Q| g~jabx gybvdv AR©‡bi we —vwiZ weeiY cwiwkó 5.4 G †`Lv‡bv n‡q‡Q|



as dividend and interest from investment of

securities of 92 companies during 2012-13 of

which, Tk. 73.14 lac (89.13 per cent) was received

in cash within 30 June 2013. In 2011-12 the fund

earned an amount of Tk. 79.54 lac as dividend and


received in cash. Details of dividend & interest

income and receivables in the FY 2012-13 are

shown in Annex-5.1 and Annex-5.2 respectively.




lac earned during 2011-12 by selling securities of

20 companies. Details of capital gains are shown in

annex-5.4.


‡kqvi Ges wW‡eÂvi/e‡Û wewb‡qvM n‡Z jf¨vsk I my Avq 82.06 j¶ UvKv, e¨vsK Avgvb‡Zi Dci my 70.23 j¶ UvKv, g~jabx gybvdv 230.39 j¶ UvKv Ges Ab¨vb¨ Avqmn Av‡jvP¨ A_©eQ‡i G dv‡Ûi †gvU Av‡qi cwigvY `vuovq 382.68 j¶ UvKv| ÷vd LiP, eë ’vcbv wd, gy ªY I †ókbvix, WvK I Zvi , AvBwmweÕi mv‡_ cwiPvwjZ PjwZ Dci wnmv‡ei my , e¨vsK PvR©, wewb‡qvM mwÂwZ Ges Ab¨vb¨ LiP eve` †gvU 30.96 j¶ UvKv ev` †`qvi ci dv‡Ûi bxU Avq ùvovq 351.72 j¶ UvKv| c~e©eZx©© eQ‡ii Aew›UZ gybvdv 350.14 j¶ UvKv †hvM Kivi ci 30 Ryb 2013 Zvwi‡L dv‡Ûi bxU e›Ub‡hvM¨ Av‡qi cwigvY `vuovq 701.86 j¶ UvKv Ges mvwU©wd‡KU cÖwZ e›Ub‡hvM¨ gybvdvi cwigvY ùvovq 46.79 UvKv |



a gross income of Tk.382.68 lac by way of dividend



70.23 lac as on bank deposits, Tk. 230.39 lac as

capital gains and other income. After deducting the

total expenses of Tk.30.96 lac incurred as staff

expenses, management fee, printing and stationery,

postage and telegram, interest on current account with

ICB, bank charges, provision against investments

and other expenses, the net income of the Fund stood

at Tk. 351.72 lac. Taking into account the previous

years undistributed income of Tk.350.14 lac, the

Fund had a net distributable total income of Tk.

701.86 and per certificate income of Tk. 46.79 as on

30 June 2013.

jf¨vsk

Av‡jvP¨ dvÛ 2012-13 A_©eQ‡i cÖwZwU 10.00 UvKv g~j¨gv‡bi mvwU©wd‡K‡Ui Rb¨ 200.00 kZvsk nv‡i jf¨vsk †NvlYv K‡i‡Q hv c~e©eZx© eQ‡i wQj 170.00 kZvsk| jf¨vsk cÖ v‡bi Rb¨ †gvU 300.00 j¶ UvKvi ms ’vb ivLvi ci dv‡Û 401.86 j¶ UvKv Aew›UZ gybvdv _v‡K| mviYx- 5.2 G dv‡Ûi eQiIqvix jf¨vs‡ki nvi cÖ wk©Z nj:

Dividend

The Fund declared dividend at the rate of Tk. 10.00

per certificate of 200.00 percent each for the year

2012-13, which was 170.00 percent per certificate

in the previous year. After making provision of Tk.

300.00 lac for payment of dividend, the Fund has an

undistributed income of Tk. 401.86 lac. The year-


Table-5.2 :

103

Table- 5.2: Year-wise dividend performance

Financial year Dividend percentage Financial year Dividend percentage

1987-88

1988-89

1989-90

1990-91

1991-92

1992-93

1993-94

1994-95

1995-96

1996-97

1997-98

1998-99

1999-00

20.00

20.50

20.50

10.00

11.00

12.00

25.00

28.00

30.00

35.00

22.00

20.00

21.00

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

23.00

24.00

24.00

24.00

27.00

27.00

33.00

45.00

56.00

100.00

135.00

170.00

200.00

cÎ‡Kvl

2012-13 A_©eQ‡i G dvÛ wewfbœ LvZwfwËK wmwKDwiwUR mg~‡n 450.46 j¶ UvKv wewb‡qvM K‡i‡Q| 30 Ryb, 2013 Zvwi‡L G dv‡Ûi cÎ‡Kv‡l 1534.52 j¶ UvKv µqg~‡jï 160 wU ‡Kv¤úvwb Ges 25 wU wgDPy qvj dv‡Ûi wmwKDwiwUR wQj hvi evRvi g~j¨ wQj 3502.32 j¶ UvKv| 30 Ryb 2013 Zvwi‡L dv‡Ûi cÎ‡Kv‡li we —vwiZ weeiY cwiwkó-5.3 G cÖ wk©Z n‡q‡Q|

30 Ryb 2013 Zvwi‡L cÖwZwU 10.00 UvKv g~j¨gv‡bi cÂg AvBwmwe wgDPyq¨vj dvÛ mvwU©wd‡K‡Ui jf¨vsk cieZx© bxU m¤c`g~j¨ ùvovq 168.92 UvKv|

XvKv ÷K G·‡PÄ wjt-G 2012-13 A_©eQ‡i 10.00 UvKv g~j¨gv‡bi cÂg AvBwmwe wgDPyq¨vj dv‡Ûi mvwU©wd‡KU cÖwZ cÖviw¤¢K I mgvcYx evRvi ì wQj h_vµ‡g 138.00 UvKv I 193.10 UvKv| 30 Ryb 2013 Zvwi‡L dv‡Ûi mvwU©wd‡KU ‡nvìvi‡ì msL¨v wQj 2126 Rb|

Portfolio

During 2012-13 the Fund invested of Tk. 450.46 lac






30 June 2013 are given in Annex-5.3.


Fifth ICB Mutual Fund of Tk.10.00 each stood at

Tk.168.92 as on 30 June 2013.


certificate of the Fifth ICB Mutual Fund of Tk. 10.00

each was Tk. 138.00 and Tk. 193.10 respectively

during 2012-13.


2126 as on 30 June 2013.

104

AUDITORS’ REPORT

to the Certificate Holders’ of

Fifth ICB Mutual Fund

We have audited the accompanying Financial Statements of Fifth ICB Mutual Fund (the “Fund”)

which comprise the Statement of Financial Position as at 30 June 2013, Statement of

Comprehensive Income, Statement of changes in equity, Statement of cash flows for the year ended,

and a summary of significant accounting policies and other explanatory information.


Management is responsible for the preparation and fair presentation of these financial statements of

the Fund in accordance with Bangladesh Financial Reporting Standards, and for such internal

control as management determines is necessary to enable the preparation of these financial

statements of the Fund that are free from material misstatement, whether due to fraud or error.



audit. We conducted our audit in accordance with Bangladesh Standards on Auditing. Those

standards require that we comply with ethical requirements and plan and perform the audit to obtain

reasonable assurance about whether the financial statements of the Fund are free from material

misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and

disclosures in the financial statements. The procedures selected depend on our judgement, including

the assessment of the risks of material misstatement of the financial statements of the Fund, whether

due to fraud or error. In making those risk assessments, we consider internal control relevant to the

entity’s preparation and fair presentation of the financial statements of the Fund in order to design

audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an

opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the

appropriateness of accounting policies used and the reasonableness of accounting estimates made

by management, as well as evaluating the overall presentation of the financial statements of the

Fund.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis

for our audit opinion.

Opinion



Bangladesh Financial Reporting Standards (BFRS), give a true and fair view of the financial

position of the Fund as at 30 June 2013 and the results of its financial performance and its cash

flows for the year then ended and comply with the ICB Ordinance 1976, the Mutual Fund

Regulations 1993, the Securities and Exchange Rules 1987 and other applicable laws and

regulations.

105

Emphasis of matter


requirements of BAS/BFRS due to considering volatile stock market scenario and conservative

policy of fund management. Our opinion is not qualified in this matter.









iv) the expenditure incurred was for the purposes of the Fund’s business.



Dhaka, 29 July 2013

106

Investment Corporation of Bangladesh Fifth ICB Mutual Fund


Notes

Amount in Taka

30-Jun-13 30-Jun-12

Assets


Cash at Bank 5 50,956,102 72,769,936

Installments Receivable on Debenture 6 1,103,918 1,103,918

Dividend and Interest on Debenture Receivable 7 1,654,188 1,317,005


Interest Receivable on Term Deposit 8 - 1,187,908

Total Assets 217,165,941 204,053,220

Liabilities



Provision for Dividend & Interest on Debenture Receivable 11 537,676 537,677


Provision for Possible Fluctuation of Price of Investments 13 87,477,000 87,477,000

Other Liabilities 14 1,067,653 710,940


Net Assets 86,605,040 76,933,125


Capital Fund 15 15,000,000 15,000,000

General Reserve 16 1,419,231 1,419,231


86,605,040 76,933,125












Chartered Accountants Chartered Accountants Dhaka, 29 July 2013

107



Notes

Amount in Taka

30-Jun-13 30-Jun-12

Income

Dividend and Interest on Debenture 18 8,206,281 7,953,907


Net Realized Gain on Investment (see annexure-5.4) 23,038,720 26,060,211

Other Income 22 -

Total Income 38,267,922 41,311,171

Expenses

Staff Expenses 20 794,528 496,075

Management Fee 21 150,000 150,000

Listing Fee 22 30,000 30,000

Audit Fee 14,500 15,000





Others 23 365,970 252,500

3,096,007 1,047,269


Provision:



- 6,000,000



Distributable Income Carried to Statement of

Financial Position

70,185,809 60,513,894








108




Income Total

Balance as at 01 July 2011 15,000,000 1,419,231 46,499,992 62,919,223


Dividend - - (20,250,000) (20,250,000)



Dividend (25,500,000) (25,500,000)





Dhaka, 29 July 2013

109




30-Jun-13

30-Jun-12



Increase/(Decrease) in Operating Assets and Liabilities:


Dividend and Interest on Debenture Receivable (337,183) 375,613

Other Liabilities 356,713 (95,764)

Interest Receivable on Term Deposit 1,187,908 (1,050,078)



Net Cash Inflows from Operating Activities 599,810 21,041,425


Dividend Paid (21,586,225) (16,859,940)



Net Increase/Decrease in Cash & Cash Equivalents (21,813,835) 3,482,865






Dhaka, 29 July 2013

110






Investment Corporation of Bangladesh (ICB) was established in 1976 with the objectives of

accelerating industrialization and economic development of the country through development of

capital market by mobilizing savings and encouraging and improving the investment climate in the

country with particular emphasis placed on broadening the base and scope of investments as well as

tapping marginal investors. Keeping in line with these objectives, the Fifth ICB Mutual Fund (the

Fund) was established in June 1987, under Regulation 29A of ICB (General) Regulations with a total

capital of Tk. 15,000,000.00 divided into 1,500,000 Certificates of Tk. 10 each. The management of

the Fund is vested with ICB.


The business of the Fund is to mobilize savings from the investors by way of selling certificates and

investing the funds in securities so as to ensure maximum return for certificate holders. This is a

close-end Fund invested in securities as a single account. Income, net of expenses, is distributable to

certificate holders on a yearly basis.


2.1 Statement of compliance: The financial statements have been accordance with Bangladesh Accounting Standards (BAS) and




2.2 Basis of accounting: The annexed financial statements have been prepared under historical cost convention.

2.3 Functional and presentation currency: These financial statements are prepared in Bangladesh Taka (Taka/Tk.), which is the Trust’s

functional currency. All financial information presented in Taka and has been rounded off to the

nearest integer.

2.4 Use of estimates and judgments: The preparation of financial statements requires management to make judgment, estimates and

assumptions that affect the application of Accounting policies and the reported amounts of assets,

liabilities, income and expenses.




111



(i) Shares and redeemable value of debentures are stated at average cost price for purchases from

primary and secondary markets.

(ii) Profit / Loss on sale of shares is accounted for based on difference between average cost price and

selling price.


(iv) Bonus shares i.e. stock dividend received or receivable from various companies is not accounted for

as income rather included in the portfolio to reduce the average cost.

3.2 Taxation:

The Fund’s income is exempted from income tax vide Ministry of Finance SRO no.88-L/80 of 01

April 1980.

3.3 Cash and Bank:


3.4 General:

(i) Except for certain expenses reflected in these financial statements all other expenses including

premises and equipment expenses are borne by ICB and, therefore, not reflected in these financial

statements.

(ii) Management fee at the rate of one percent on capital fund is paid to ICB for management services

and support received from the Corporation.

(iii) Figures in these financial statements have been rounded off to the nearest Taka. Previous year's

figures have been rearranged wherever found necessary to conform to current year's presentation.

112

Amount in Taka

30-Jun-13 30-Jun-12


The market value of investments was Tk. 350,231,768.00 at the close of business as at 30 June 2013



5 Cash at Bank















IFIC Bank (Motijheel Branch), Current A/c-88903 (1,785,634) (807,647)



50,956,102 72,769,936


6. Installments Receivable on Debenture 1,103,918 1,103,918

7. Dividend and Interest on Debenture Receivable

Dividend receivable 1,109,515 772,332

Interest on debenture receivable 544,673 544,673

1,654,188 1,317,005

7.1 Ageing Analysis

Dividend Receivable for Less Than one Year 892,269 627,086

Interest on Debenture Receivable for More Than One Year 544,672 544,673


(See Annexure-5.2 for details) 1,654,188 1,317,005

7.2 Movement of Dividend and Interest on Debenture Receivable:



Less: Received During the Year (555,086) (1,002,699)


113

Amount in Taka

30-Jun-13 30-Jun-12


Opening Balance 1,187,908 137,830

Add: Addition During the Year - 1,187,908

Less: Adjustment During the Year (1,187,908) (137,830)

Closing Balance - 1,187,908

9 Accrued Expenses:

Audit Fee 14,500 15,000



51,584 53,845


Opening Balance 10,250,645 7,559,205

Add: Dividend Declared 25,500,000 20,250,000



Closing Balance 13,337,000 10,250,645

11 Provision for Dividend & Interest on Debenture Receivable 537,676 537,677


Opening Balance 28,089,989 28,089,989


Closing Balance 28,089,989 28,089,989


Opening Balance 87,477,000 81,477,000

Add: Provision During the Year - 6,000,000

Closing Balance 87,477,000 87,477,000

114

Amount in Taka

30-Jun-13 30-Jun-12



Add: Addition During the Year 356,713 -

Less: Adjustment During the Year - 95,763

Closing Balance 1,067,653 710,940

15 Capital Fund 15,000,000 15,000,000


16 General Reserve 1,419,231 1,419,231



Opening Balance 60,513,894 46,499,992


35,013,894 26,249,992

Add: Net Income 35,171,915 34,263,902

Closing Balance 70,185,809 60,513,894

18 Dividend & Interest Earned 8,206,281 7,953,907

See Annexure-C for details


20 Staff Expenses:

Basic Salary 286,011 205,172




794,528 496,075

21 Management Fee 150,000 150,000



22 Listing Fee



30,000 30,000

115

Amount in Taka

30-Jun-13 30-Jun-12

23 Others Expenses:




CDBL Charge 140,860 99,200



365,970 252,500

24 Disclosure of Deviations from Few Requirements of BAS/BFRS

Few requirements of BAS/BFRS have not been followed while preparing the Financial Statements due

to considering volatile stock market scenario and conservative policy of fund management. The

deviations are disclosed below along with financial impact where applicable:

(a) Investments in quoted and unquoted shares are revalued at cost price. Investments are not shown in

market value (MV) which is very new concept in accounting standard in Bangladesh. In the Financial

Statement this standard is not considered due to volatile stock market scenario and conservative policy

of fund management and prevailing dividend policy of mutual fund. At the year-end market value (for

quoted shares) and book value (for unquoted shares) are higher than cost price by Tk. 196,780,035.00



value of investment and provision for possible price fluctuation which are shown in Balance sheet

under liabilities amounting to Tk. 28,089,989.00 and Tk. 87,477,000 respectively.


management have not been made in the financial statements. However, fund management is prudent in

risk management which is evident from steady growth of the fund. The fund is not exposed to any

foreign currency and interest rate risk.

25 Events after the Reporting Date

The board of directors of Investment Corporation of Bangladesh declared cash dividend of Tk. 20 per




116

Fifth ICB Mutual Fund Statement of Dividend & Interest Income



SL. No.


Held Par Value

(Tk.)

Rate of Dividend

Declared (%)

Amount of Dividend

Received (Tk.)


2 ACI Ltd. 28,800 10 80.00 230,400

3 Anlima Yarn Dyeing Ltd.. 12,000 10 10.00 12,000

4 Apex Adelchi Footwear Ltd. 12,000 10 50.00 60,000


6 Apex Tannery Ltd. 100 10 35.00 350

7 Apex Tannery Ltd. 38,700 10 35.00 135,450

8 Aramit Cement Ltd. 61,710 10 10.00 61,710

9 Aramit Ltd. 3,750 10 50.00 18,750



12 Bangladesh Submarine Cable Ltd. 8,200 10 20.00 16,400

13 Bata Shoe Co. (BD) Ltd. 3,760 10 105.00 39,480

14 Bata Shoe Co. (BD) Ltd. (Interim) 3,760 10 170.00 63,920

15 BATBC 5,699 10 400.00 227,960

16 BATBC (Interim) 5,699 10 100.00 56,490


18 BSRM Steels Ltd. 9,320 10 10.00 9,320

19 Confidence Cement Ltd. 45,135 10 20.00 90,270

20 Continental Insurance Ltd. 39,325 10 10.00 39,325

21 Delta BRAC Housing Ltd. 15,460 10 10.00 15,460

22 DESCO 27,990 10 10.00 27,987

23 Dhaka Insurance Co. Ltd. 13,750 10 20.00 27,500

24 Dutch-Bangla Bank Ltd. 3,920 10 40.00 15,680

25 Eastern Bank Ltd. 32,462 10 20.00 64,924

26 Eastern Housing Ltd. 2,100 10 10.00 2,100

27 Eastern Insurance Co. Ltd. 31,051 10 18.00 60,158

28 Eastern Lubricants Ltd. 5,000 10 30.00 15,000

29 EBL 1st Mutual Fund 81,500 10 10.00 81,500


31 GBB Power Ltd. 62,400 10 5.00 31,200


33 Golden Son Ltd. 961 10 5.00 481


35 Grameenphone Ltd. (Interim) 55,600 10 90.00 500,400


37 H.R. Textile Mills Ltd. 11,500 10 15.00 17,250

117

SL. No.

Name of the Company No. of

Shares Held Par Value

(Tk.)


(%)

Amount of Dividend

Received (Tk.)


39 IBBL Mudaraba Perpetual Bond 6,085 1000 13.58 826,343

40 Ibne Sina Pharmaceuticals Ltd. 16,375 10 15.00 24,563


42 ICB AMCL 1st NRB Mutual Fund 8,000 10 37.00 29,600

43 ICB AMCL 2nd Mutual Fund 133,000 10 5.00 66,500

44 ICB AMCL 2nd NRB Mutual Fund 107,000 10 23.00 246,100

45 ICB AMCL Islamic Mutual Fund 88,000 10 36.00 316,800


47 IFIC Bank 1st Mutual Fund 21,500 10 5.00 10,750

48 International Leasing & Fin. Ser. Ltd. 11,256 10 5.00 5,628

49 IPDC 3,234 10 10.00 3,234


51 Jamuna Bank Ltd. 94,402 10 14.00 132,163

52 Jamuna Oil Company Ltd. 12,142 10 45.00 54,639

53 Karnaphuli Insurance Co. Ltd. 19,716 10 12.50 24,645






59 MJL Bangladesh Ltd. 2,600 10 25.00 6,500


61 National Life Insurance Co. Ltd. 18,909 10 30.00 56,727

62 Olympic Industries Ltd. 16,780 10 10.00 16,780

63 One Bank Ltd. 2,457 10 5.00 1,229

64 Orion Pharma Ltd. 61,000 10 20.00 122,000

65 Padma Oil Co. Ltd. 49,275 10 65.00 320,288

66 Padma Oil Co. Ltd. 21,900 10 50.00 109,500


68 Phoniex Finance 1st Mutual Fund 15,000 10 5.00 7,500

69 Pioneer Insurance Ltd. 37,700 10 10.00 37,700

70 Power Grid Company Ltd. 63,470 10 10.00 63,470

71 Pragati Insurance Ltd. 5,588 10 7.50 4,191

72 Prime Bank 1st ICB Mutual Fund 59,000 10 5.00 29,500

73 Prime Bank Ltd. 63,060 10 10.00 63,060

74 Prime Finance 1st Mutual Fund 9,000 10 10.00 9,000

75 Prime Islami Life Insurance Co. Ltd. 18,260 10 15.00 27,390

76 Prime Textile Spinning Mills Ltd. 25,000 10 10.00 25,000

77 Pubali Bank Ltd. 3,728 10 10.00 3,728

78 RAK Ceramics Ltd. 32,224 10 15.00 48,336

118

SL. No.


Shares Held Par Value

(Tk.)


(%)

Amount of Dividend

Received (Tk.)

79 Rangpur Foundry Ltd. 1,000 10 21.00 2,100

80 Renata Ltd. 1,162 10 60.00 6,972


82 Southeast Bank Ltd. 114,460 10 15.00 171,690

83 Square Pharmaceuticals Ltd. 297,270 10 25.00 743,175

84 Square Textiles Ltd. 57 10 18.00 103

85 Summit Alliance Port Ltd. 4,193 10 10.00 4,193

86 Titas Gas Trans. & Distri Co. Ltd. 113,500 10 30.00 340,500

87 Trust Bank 1st M.F. 63,000 10 5.00 31,500



90 United Leasing Co. Ltd. 32,412 10 5.00 16,206

91 Uttara Finance & Investment Ltd. 16,200 10 20.00 32,400

92 Wata Chemicals Ltd. 200 10 12.00 240

Total: 2,974,622 8,206,281

119


Statement of dividend and Interest on debenture receivable as at 30 June 2013


SL.


Held

Par Value

(TK.)

Rate of

Dividend/Interest

(%)

Amount Receivable

(TK.)


1. Apex Adelchi Footware Ltd. 200 100 25.00 5,000

2. Aramit Cement Ltd. 400 100 7.50 3,000

3. B.C.I.L. 4,110 100 3 10,481

4. B.C.I.L. 4,110 100 10 34,935

5. BD Online ltd. 625 10 10 625

6. BD. Dyeing 780 100 10 6,630

7. Fahad Industries Ltd. 100,000 10 5 50,000

8. Fine Foods Ltd. 14,500 10 5 7,250

9. Glaxo Smithkline BD Ltd. 1,850 10 25.00 4,625

10. Meghna Shrimp Culture Ltd. 540 100 12 5,508

11. Raspit Data Mgt & Tele Comm. 1,500 10 10 1,275

12. AB Bank Ltd. 6,022 100 15.00 1,275

13. Beximco Pharmachutical Ltd. 28,888 10 10.00 233

14. First Lease Fin. & Inv. Ltd. 559 100 10.00 577

15. Heidelberg Cement Ltd. 9,392 100 33.00 33

16. Rangpur Foundry Ltd. 1,000 10 18.00 1,800


18. National Tea Co. Ltd. 36,000 10 20.00 72,000

Total (A) : 217,247

B. Interest on debenture Receivable for more than one year:

1. Beximco Fisheries Ltd.(Deb) 100 21428 14.00 15,000

2. Beximco Fisheries Ltd.(Deb) 100 1929 14.00 13,500

3. Beximco Knitting Ltd. (Deb) 26 1712 14.00 3,116


5. Beximco Fisheries Ltd. (Deb) 100 1714 14.00 12,000

6. Beximco Fisheries Ltd. (Deb) 100 1500 14.00 10,500



9. Beximco Fisheries Ltd. 100 1286 14.00 9,000

10. Beximco Fisheries Ltd. 100 1071 14.00 7,500







Total (B) : 544,672

120

SL.


Held

Par Value

(TK.)

Rate of

Dividend/Interest

(%)

Amount Receivable

(TK.)

C. Dividend Receivable for less than one year:

1. Pubali Bank Ltd. 3,728 10 10.00 3,728

2. MJL Bangladesh Ltd. 2,600 10 25.00 6,500

3. Dhaka Insurance Co. Ltd. 13,750 10 20.00 27,500

4. Aramit Ltd. 3,750 10 50.00 18,750

5. Aramit Cement Ltd. 61,710 10 10.00 61,710

6. Bata Shoe Co. (BD) Ltd. 3,760 10 105.00 39,480

7. Karnaphuli Insurance Co. Ltd. 19,716 10 12.50 24,645

8. Paramount Insurance Co. Ltd. 29,536 10 5.00 14,768

9. Confidence Cement Ltd. 45,135 10 20.00 90,270

10. ACI Ltd. 28,800 10 80.00 230,400

11. ACI Formulations Ltd. 22,650 10 25.00 56,625

12. Meghna Cement Mills Ltd. 1,500 10 25.00 3,750

13. Square Textiles Ltd. 57 10 18.00 103

14. Renata Ltd. 1,162 10 60.00 6,972

15. Pioneer Insurance Ltd. 37,700 10 10.00 37,700

16. Eastern Insurance Co. Ltd. 33,421 10 18.00 60,158

17. Rangpur Foundry Ltd. 1,000 10 21.00 2,100

18. Global Heavy Chemicals Ltd. 3,000 10 15.00 4,500

19. Golden Son Ltd. 961 10 5.00 481

20. Asia Insurance Ltd. 13,598 10 10.00 13,598

21. Unique Hotel & Resorts Ltd. 1,610 10 25.00 4,025

22. Social Islami Bank Ltd. 11,561 10 5.00 5,781

23. Orion Pharma Ltd. 61,000 10 20.00 122,000

24. National Life Insurance Co. Ltd. 18,909 10 30.00 56,727

Total (C) : 892,269

Grand Total

(A+B+C) : 1,654,188

121




SL.


No. of

shares

Par

Value

(Tk.)

Average

cost

price

(Tk.)

per

share

on

30.06.13

Total cost

price (Tk.)

30.06.13

Market

price per

share

(Tk.)

on

30.06.13

Total Market

price (Tk.)

30.06.13

1 AB Bank Ltd. 89,672 10 1.69 151,472 28.20 2,528,750

2 Al-Arafah Islami Bank Ltd. 8,343 10 9.76 81,438 15.90 132,654

3 Bank Asia Ltd. 101,151 10 19.01 1,923,103 19.30 1,952,214

4 BRAC Bank Ltd. 60,499 10 6.06 366,768 29.90 1,808,920

5 Dhaka Bank Ltd. 15,308 10 3.15 48,241 23.90 365,861

6 Dutch Bangla Bank Ltd. 3,920 10 1.53 5,979 101.10 396,312

7 Eastern Bank Ltd. 32,462 10 40.48 1,314,033 27.00 876,474



10 I.F.I.C. Bank Ltd. 25,700 10 39.12 1,005,484 21.90 562,830

11 Islami Bank Ltd. 84,312 10 13.37 1,127,593 38.30 3,229,150

12 Jamuna Bank Ltd. 94,402 10 27.58 2,603,800 15.80 1,491,552


14 Mutual Trust Bank Ltd. 42,284 10 23.98 1,014,040 17.10 723,056

15 One Bank Ltd. 2,825 10 0.58 1,649 15.80 44,635

16 Premier Bank Ltd. 22,400 10 3.01 67,488 12.30 275,520

17 Prime Bank Ltd. 69,366 10 36.06 2,501,150 28.20 1,956,121

18 Pubali Bank Ltd. 3,728 10 2.23 8,307 32.00 119,296




22 Standard Bank Ltd. 176,735 10 7.36 1,301,134 16.30 2,880,781

23 Trust Bank Ltd. 151,622 10 15.30 2,319,906 21.90 3,320,522

24 Aramit Cement Ltd. 61,710 10 9.79 604,338 75.90 4,683,789

25 Confidence Cement Ltd. 45,135 10 75.88 3,425,036 129.50 5,844,983





30 Bengal Fine Ceramics Ltd. 1,300 100 100.00 130,000 60.00 78,000

31 Fu-Wang Ceramics Inds. Ltd. 14,542 10 11.16 162,286 19.50 283,569


33 Shinepukur Ceramics Ltd. 18,170 10 59.05 1,072,900 20.20 367,034

34 BSRM Steels Ltd 9,786 10 14.68 143,690 80.00 782,880

35 Golden Son Ltd. 961 10 16.81 16,151 43.10 41,419

36 Jago Corporation Ltd 9,900 100 100.00 990,000 100.00 990,000

37 Karim Pipe Mills Ltd. 9,600 100 112.00 1,075,200 27.25 261,600

38 Olympic Industries Ltd. 25,170 10 17.16 431,962 167.60 4,534,777

122

SL.


No. of

shares

Par

Value

(Tk.)

Average

cost

price per

share

(Tk.) on

30.06.13

Total cost

price (Tk.)

30.06.13

Market

price per

share

(Tk.) on

30.06.13

Total Market

price (Tk.)

30.06.13

39 Rangpur Foundry Ltd 1,000 10 13.90 13,900 60.80 60,800

40 B A T B C 5,649 10 112.75 636,913 1,065.30 6,017,880

41 Bionic Sea Food Exp Ltd. 6,500 10 7.08 46,000 6.40 41,600

42 Fine Foods Ltd. 1,052 10 0.00 0 16.70 17,568

43 Golden Harvest Agro Ind. Ltd. 33,900 10 20.83 706,250 46.00 1,559,400

44 Meghna Shrimp Culture Ltd. 540 100 86.82 46,885 115.75 62,505

45 Rangpur Dairy & Food Ltd. 2,464 10 16.19 36,000 20.30 45,147

46 Dhaka Electric Sup Co. Ltd. 32,185 10 21.00 675,874 89.70 2,886,995

47 Eastern Lubricants 5,000 10 140.53 702,650 301.30 1,506,500

48 GBB Power Ltd. 78,000 10 32.00 2,496,000 29.30 2,285,400

49 Jamuna Oil Co. Ltd. 15,784 10 70.74 1,116,532 229.10 3,616,114

50 Linde Bangladesh Ltd. 15,850 10 137.24 2,175,269 581.40 9,215,190


52 MJL Bangladesh Ltd. 2,600 10 78.45 203,980 77.70 202,020

53 Padma Oil Co. 66,521 10 4.63 308,301 293.00 19,490,653


55 Summit Power Ltd. 37,987 10 41.12 1,562,100 39.80 1,511,883

56 Summit Purb. Power Co. Ltd. 6,500 10 30.77 200,000 72.30 469,950

57 Titas Gas Trans & D.C.L 121,175 10 61.63 7,467,521 82.20 9,960,585


59 Agni Systems Ltd. 3,270 10 9.19 30,053 23.10 75,537

60 Bangladesh Sub Cable Co. 14,220 10 71.27 1,013,500 231.00 3,284,820

61 BDcom Online Ltd. 474 10 7.91 3,750 20.90 9,907

62 Agrani Insurance Co. Ltd. 50,545 10 19.86 1,004,054 25.00 1,263,625


64 Asia Pacific General Ins 13,000 10 13.75 178,769 34.10 443,300

65 Central Insurance Co. Ltd. 38,512 10 6.76 269,802 30.00 1,197,360

66 City General Ins Co. Ltd 36,106 10 9.63 318,299 26.80 885,472

67 Continental Insurance Ltd. 39,325 10 9.07 356,601 28.60 1,124,695


69 Eastern Insurance Co. Ltd. 33,421 10 13.96 466,500 35.70 1,193,130

70 Islami Insurance Bd Ltd. 11,330 10 7.50 85,000 26.80 303,644

71 Janata Insurance Co. Ltd. 145 100 157.24 22,800 238.50 34,583

72 Karnaphuli Insurance Co. Ltd. 19,716 10 7.23 142,600 24.90 490,928


74 National Life Ins Co. Ltd 18,909 10 2.97 15,000 288.30 1,455,915

75 Northern General Ins Co. 10,767 10 5.10 54,865 43.90 472,671

76 Padma Islami Life Ins. 3,500 10 10.00 35,000 67.00 234,500

77 Paramount Ins Co. Ltd. 29,536 10 7.90 233,459 24.00 708,864

78 Pioneer Ins Co. Ltd 37,700 10 9.97 376,000 67.50 2,544,750


80 Prime Insurance Co. Ltd. 16,280 10 3.84 62,500 33.30 542,124

81 Prime Islami Life Ins Ltd. 20,999 10 3.57 75,000 105.30 2,211,195


123

SL.


No. of

shares

Par

Value

(Tk.)

Average

cost

price per

share

(Tk.) on

30.06.13

Total cost

price (Tk.)

30.06.13

Market

price per

share

(Tk.) on

30.06.13

Total Market

price (Tk.)

30.06.13


84 Rupali Life Ins Co. Ltd. 7,854 10 7.00 55,000 113.00 887,502

85 Sonar Bangla Insurance Ltd. 4,466 10 10.01 44,700 24.50 109,417




89 Al-Arafah Bank 1st M Fund 1,237 10 0.00 0 7.00 8,659



92 Exim Bank 1st Mutual Fund 100,000 10 10.00 1,000,000 10.00 1,000,000

93 FAS Finance And Inves Ltd 49,749 10 8.64 429,800 17.00 845,733

94 First Janata Bank M Fund 114,000 10 9.03 1,029,800 6.80 775,200


96 Green Delta Mutual Fund 154,000 10 8.28 1,275,350 6.10 939,400

97 ICB AMCL First M Fund 33,000 10 10.00 330,000 45.80 1,511,400

98 ICB AMCL First NRB M Fun 8,000 10 10.00 80,000 27.40 219,200

99 ICB AMCL Islamic M Fund 88,000 10 10.00 880,000 21.40 1,883,200

100 ICB AMCL Second M Fund 133,000 10 10.51 1,397,500 6.90 917,700

101 ICB AMCL 2nd NRB M.F. 107,000 10 10.00 1,070,000 13.20 1,412,400

102 ICB AMCL Sonali Bank 1st MF 692,500 10 10.00 6,925,000 10.50 7,271,250

103 ICB AMCL Third NRB M Fund 117,500 10 9.39 1,103,200 6.20 728,500

104 ICB Emp Prov.M.F.One:S.O 128,500 10 9.93 1,276,000 7.30 938,050

105 IFIC Bank 1st MF 21,500 10 10.00 215,000 8.60 184,900

106 IFIL Islamic Mutual Fund-1 135,500 10 8.66 1,173,150 5.80 785,900

107 MBL 1st Mutual Fund 86,000 10 10.00 860,000 6.50 559,000

108 National Life Insurance 1st MF 10,559 10 0.00 0 12.60 133,043

109 NCCBL Mutual Fund-1 50,000 10 10.00 500,000 10.30 515,000


111 Popular Life First M Fund 95,000 10 10.00 950,000 7.30 693,500

112 Prime Bank 1st ICB AMCL M F 59,000 10 9.16 540,450 7.10 418,900

113 Prime Finance First M F 9,000 10 10.00 90,000 18.90 170,100


115 Islam Jute Mills Ltd. 1,500 100 129.00 193,500 129.00 193,500

116 Aramit Ltd. 3,750 10 55.33 207,500 210.70 790,125


118 Bengal Windsor Therm Ltd. 7,600 10 25.00 190,000 47.80 363,280

119 Beximco Ltd. 72,537 10 97.26 7,091,171 41.70 3,344,058

120 G.Q. Ball Pen Ind. Ltd 36 10 25.17 906 141.90 5,108


122 Mark BD. Shilpa and Eng. 5,000 100 200.00 1,000,000 17.00 85,000


124 Bangladesh Fin. & In. Co. Ltd 2,161 10 4.01 8,664 22.80 49,271

125 Bangladesh Inds. Fin Co. 32,076 10 7.08 227,154 17.50 561,330

126 Bay Leasing & Inves Ltd. 6,600 10 0.00 0 36.30 239,580

124

SL.


No. of

shares

Par

Value

(Tk.)

Average

cost

price per

share

(Tk.) on

30.06.13

Total cost

price (Tk.)

30.06.13

Market

price per

share

(Tk.) on

30.06.13

Total Market

price (Tk.)

30.06.13

127 Delta BRAC Housing Fin Cor. 17,779 10 4.89 86,967 66.20 1,176,970

128 First Lease Fin & Inv. Ltd. 10,965 10 6.25 68,477 35.00 383,775


130 I P D C 3,234 10 2.57 8,326 18.10 58,535


132 Lankabangla Finance Ltd. 2,703 10 5.60 15,134 59.70 161,369

133 Phoenix Finance & Inv. Ltd 28,142 10 5.47 153,817 36.80 1,035,626

134 Premier Leasing & Fin. Ser. Ltd. 13,713 10 8.99 123,261 11.20 153,586



137 Uttara Finance & Invest. Ltd 17,820 10 3.48 61,980 77.10 1,373,922

138 MAQ Enterprises Ltd. 5,000 100 100.00 500,000 37.75 188,750

139 MAQ Paper Industries Ltd. 2,000 100 100.00 200,000 42.75 85,500


141 ACI Ltd. 34,560 10 35.88 1,240,000 149.10 5,152,896

142 Active Fine Chem Ltd. 7,350 10 5.80 42,609 72.70 534,345

143 B. C. I. L. 4,110 100 104.39 429,040 53.75 220,913


145 Beximco Pharma Ltd. 36,492 10 18.98 692,636 52.20 1,904,882

146 Beximco Synthetics 703 10 0.00 0 17.70 12,443


148 Ibne Sina Pharma. Ltd. 19,650 10 8.03 157,726 80.80 1,587,720


150 Keya Cosmetics Ltd. 532 10 12.11 6,440 27.90 14,843

151 Orion Pharma Ltd. 56,000 10 60.00 3,360,000 68.50 3,836,000

152 Progressive Plastic 1,200 100 104.00 124,800 104.00 124,800

153 Renata Ltd. 1,162 10 303.27 352,400 658.20 764,828



156 Wata Chemicals Ltd. 200 10 12.00 2,400 27.00 5,400

157 Eastern Housing Ltd. 2,310 10 9.05 20,904 56.90 131,439


159 Unique Hotel & Resorts Ltd. 1,610 10 65.22 105,000 114.10 128,961

160 Apex Adelchi Foot Ltd. 12,000 10 13.56 162,699 251.40 3,016,800

161 Apex Tannery Ltd. 38,700 10 25.53 992,979 86.70 3,372,630

162 Bata Shoes (BD) Ltd. 3,760 10 47.63 179,088 557.90 2,097,704



165 Alltex Industries Ltd. 600 10 5.31 3,188 7.00 4,200


167 Apex Spinning & Knitting 18,400 10 12.00 220,800 61.70 1,135,280

168 Apex Weaving & Finis Mills 15,540 10 5.85 90,913 15.67 243,512

169 Ashraf Textile Mills Ltd. 175 10 6.10 1,068 17.80 3,115

170 BD. Dyeing & Finishing Ind 780 100 68.16 53,162 64.25 50,115

125

SL.


No. of

shares

Par

Value

(Tk.)

Average

cost

price per

share

(Tk.) on

30.06.13

Total cost

price (Tk.)

30.06.13

Market

price per

share

(Tk.) on

30.06.13

Total Market

price (Tk.)

30.06.13


172 Familytex (BD) Ltd. 13,500 10 10.00 135,000 35.90 484,650

173 Generation Next Fashion Ltd. 17,640 10 6.52 115,000 20.80 366,912

174 H.R. Textile Mills Ltd. 11,500 10 6.28 72,197 23.40 269,100



177 Metro Spinning Ltd. 36,685 10 7.11 260,854 14.60 535,601

178 Mithun Knit And Dyeing Ltd 13,800 10 7.25 100,000 74.60 1,029,480

179 Prime Textile Spin.Mills Ltd. 25,000 10 14.89 372,368 20.00 500,000



182 Sreepur Textile Mills Ltd. 5,800 100 97.99 568,315 36.75 213,150

183 The Dacca Dye & Co.Ltd. 5,326 10 6.57 35,000 30.40 161,910

184 Aramit Cement Ltd. (Deb) 930 2,500 191.00 177,626 191.00 177,626

185 IBBL Mudaraba Perpetual Bond 6,085 1,000 998.74 6,077,350 936.50 5,698,603

Total 6,613,226 153,451,733 350,231,768

126


Statement of Profit on Sale of Securities For the year ended 30 June 2013


SL.


No. of

Shares

Sold

Cost

Price

Per

Share

(Taka)

Selling

Price Per

Share

(Taka)

Total Cost

Price (Taka)

Total Selling

Price (Taka)

Capital Gain

(Taka)

1 AB Bank Ltd. 10,000 1.69 32.90 16,912 329,000 312,088

2 Confidence Cement Ltd. 9,000 49.65 111.92 446,880 1,007,300 560,420

3 Heidelberg Cement BD. Ltd. 25,000 64.36 271.00 1,609,090 6,775,000 5,165,910


5 Olympic Industries Ltd. 8,000 0.00 166.25 0 1,330,000 1,330,000



8 Summit Purbanchol Power Co. Ltd. 137,700 40.00 60.18 5,508,000 8,287,410 2,779,410


10 Bangladesh Submarine Cable Co. 13,000 35.00 152.10 455,000 1,977,300 1,522,300



13 Bengal Windsor Thermo Ltd. 8,000 25.00 58.63 200,000 469,000 269,000



16 Orion Pharma Ltd. 70,200 60.00 73.35 4,212,000 5,148,860 936,860



19 Family tex (BD) Ltd. 19,000 10.00 44.82 190,000 851,500 661,500


Total 19,268,350 42,307,070 23,038,720

127

lô AvBwmwe wgDPyq¨vj dvÛ Sixth ICB Mutual Fund

jf¨vsk I my Avq

2012-13 A_©eQ‡i dvÛ †gvU 95 wU wmwKDwiwUR n‡Z 74.08 j¶ UvKv jf¨vsk I my` eve` Avq K‡i‡Q hvi g‡a¨ 65.39 j¶ UvKv (88.27 kZvsk) 30 Ryb 2013 Zvwi‡Li g‡a¨ bM‡` cvIqv hvq| †hLv‡b GB dvÛ 2011-12 A_©eQ‡i jf¨vsk I my eve` Avq K‡iwQj 93.69 j¶ UvKv hvi g‡a¨ bM‡` cvIqv wM‡qwQj 87.67 j¶ UvKv| 2012-13 A_©eQ‡ii †Kv¤úvwb wfwËK jf¨vsk I my Avq Ges cÖvc¨ jf¨vsk I my‡ì we —vwiZ weeiY h_vµ‡g cwiwkó-6.1 Ges cwiwkó-6.2 G †`Lv‡bv n‡q‡Q|


2012-13 A_©eQ‡i G dvÛ 36 wU ‡Kv¤úvwbi wmwKDwiwUR weµq K‡i 2011-12 A_©eQ‡ii 496.15 j¶ UvKvi wecix‡Z 486.17 j¶ UvKv g~jabx gybvdv AR©b K‡i‡Q| g~jabx gybvdv AR©‡bi we —vwiZ weeiY cwiwkó 6.4 G †`Lv‡bv n‡q‡Q|


The Fund has earned an amount of Tk.74.08 lac

as dividend and interest from investment of


which a sum of Tk. 65.39 lac (88.27 per cent)

was received in cash within 30 June 2013. In

2011-12 the fund earned an amount of Tk.

93.69 lac as dividend and interest income of

which Tk. 87.67 lac was received in cash.

Details of dividend & interest income and




During 2012-13, the Fund has earned Tk. 486.17 lac as

capital gains against Tk. 496.15 lac earned



Annex-6.4.


‡kqvi Ges wW‡eÂvi/e‡Û wewb‡qvM n‡Z jf¨vsk I my eve` Avq 74.08 j¶ UvKv, e¨vsK Avgvb‡Zi Dci my 37.36 j¶ UvKv, g~jabx gybvdv 486.17 j¶ UvKv Ges Ab¨vb¨ Avqmn Av‡jvP¨ A_©eQ‡i G dv‡Ûi †gvU Av‡qi cwigvY `vuovq 597.61 j¶ UvKv| ÷vd LiP, eë ’vcbv wd, gy ªY I †ókbvix, WvK I Zvi, AvBwmweÕi mv‡_ cwiPvwjZ PjwZ wnmv‡ei my , e¨vsK PvR©, wewb‡qvM mwÂwZ Ges Ab¨vb¨ LiP eve` †gvU 47.95 j¶ UvKv ev` †`qvi ci dv‡Ûi bxU Avq ùvovq 549.65 j¶ UvKv| c~e©eZx©© eQ‡ii Aew›UZ gybvdv 476.70 j¶ UvKv †hvM Kivi ci 30 Ryb 2013 Zvwi‡L dv‡Ûi bxU e›Ub‡hvM¨ Av‡qi cwigvY `vuovq 1026.35 j¶ UvKv Ges mvwU©wd‡KU cÖwZ e›Ub‡hvM¨ gybvdvi cwigvY uvovq 20.53 UvKv |

Income,Expenses and Distributable Income


gross income of Tk. 597.61 lac by way of

dividend and interest income from investment

of shares and debentures/bonds amounting to

Tk. 74.08 lac, Tk. 37.36 lac as interest on bank

deposits, Tk. 486.17 lac as capital gains and

other income. After deducting the total expenses

of Tk. 47.95 lac incurred as staff expenses,

management fee, printing and stationery, postage

and telegram, interest on current account with

ICB, bank charges, provision against investments

and other expenses the net income of the Fund

stood at Tk. 549.65 lac. Taking into account the

previous year’s undistributed income of Tk.

476.70 lac the Fund had a net distributable total

income of Tk 1026.35 lac and per certificate

income of Tk.20.53 as on 30 June 2013.

jf¨vsk

Av‡jvP¨ dvÛ 2012-13 A_©eQ‡i cÖwZwU 10.00 UvKv g~j¨gv‡bi mvwU©wd‡K‡Ui Rb¨ 105 kZvsk nv‡i jf¨vsk †NvlYv K‡i‡Q hv c~e©eZx© eQ‡i wQj 100 kZvsk | jf¨vsk cÖ v‡bi Rb¨ †gvU 525.00 j¶ UvKvi ms ’vb ivLvi ci dv‡Û 501.35 j¶ UvKv Aew›UZ gybvdv _v‡K| mviYx - 6.1 G dv‡Ûi eQiIqvix jf¨vs‡ki nvi cÖ wk©Z nj :

Dividend

The Fund declared dividend at the rate of Tk.

105 percent per certificate of Tk.10.00 each for

the year 2012-13, which was 100 percent per


provision of Tk.525.00 lac for payment of

dividend the Fund has an undistributed income of

Tk.501.35 lac. The year-wise dividend

performance of the Fund is shown at Table - 6.1 :

128

Table - 6.1: Year-wise dividend performance

Financial year Dividend

percentage


percentage


percentage

1988-89

1989-90

1990-91

1991-92

1992-93

1993-94

1994-95

1995-96

15.50

13.25

6.00

6.00

-

16.00

18.00

20.00

1996-97

1997-98

1998-99

1999-00

2000-01

2001-02

2002-03

2003-04

24.00

18.00

15.00

16.00

17.00

17.50

17.50

17.50

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

18.50

18.50

23.00

30.00

37.00

75.00

90.00

100.00

105.00

cÎ‡Kvl

2012-13 A_©eQ‡i G dvÛ wewfbœ LvZwfwËK wmwKDwiwUR-mg~‡n 590.72 j¶ UvKv wewb‡qvM Kiv n‡q‡Q| 30 Ryb 2013 Zvwi‡L G dv‡Ûi cÎ‡Kv‡l 2052.96 j¶ UvKv µqg~‡jï 196 wU ‡Kv¤úvwb Ges 26 wU wgDPy qvj dv‡Ûi wmwKDwiwUR wQj hvi evRvi g~j¨ wQj 3524.87 j¶ UvKv| 30 Ryb 2013 Zvwi‡L dv‡Ûi cÎ‡Kv‡li we —vwiZ weeiY cwiwkó-6.3 G cÖ wk©Z n‡q‡Q|

Portfolio

During 2012-13, the Fund invested of Tk. 590.72 lac






June 30, 2013 are given in Annex-6.3

30 Ryb 2013 Zvwi‡L cÖwZwU 10.00 UvKv g~j¨gv‡bi lô AvBwmwe wgDPyq¨vj dvÛ mvwU©wd‡K‡Ui jf¨vsk cieZx© bxU m¤c`g~j¨ ùvovq 49.64 UvKv|

XvKv ÷K G·‡PÄ wjt-G 2012-13 A_©eQ‡i 10.00 UvKv g~j¨gv‡bi lô AvBwmwe wgDPyq¨vj dv†Ûi mvwU©wd‡KU cÖwZ cÖviw¤¢K I mgvcYx evRvi g~j¨ wQj h_vµ‡g 45.90 UvKv I 61.30 UvKv| 30 Ryb 2013 Zvwi‡L dv‡Ûi mvwU©wd‡KU ‡nvìvi‡ì msL¨v wQj 5154 Rb|


Sixth ICB Mutual Fund of Tk. 10.00 each stood at

Tk. 49.64 as on 30 June 2013.


certificate of Sixth ICB Mutual Fund of Tk.10.00

each was Tk. 45.90 and Tk. 61.30 respectively during

2012-13. The number of certificate holders of the Fund was

5154 as on 30 June 2013.

129

AUDITORS’ REPORT

to the certificate holders’ of

Sixth ICB Mutual Fund

We have audited the accompanying Financial Statements of Sixth ICB Mutual Fund (the “Fund”)

which comprise the Statement of Financial Position as at 30 June 2013, Statement of

Comprehensive Income, Statement of changes in equity, Statement of cash flows for the year ended,

and a summary of significant accounting policies and other explanatory information.



the Fund in accordance with Bangladesh Financial Reporting Standards, and for such internal

control as management determines is necessary to enable the preparation of these financial

statements of the Fund that are free from material misstatement, whether due to fraud or error.






misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and

disclosures in the financial statements. The procedures selected depend on our judgment, including

the assessment of the risks of material misstatement of the financial statements of the Fund, whether

due to fraud or error. In making those risk assessments, we consider internal control relevant to the




appropriateness of accounting policies used and the reasonableness of accounting estimates made

by management, as well as evaluating the overall presentation of the financial statements of the

Fund.



Opinion



Bangladesh Financial Reporting Standards (BFRS), give a true and fair view of the financial

position of the Fund as at 30 June 2013 and the results of its financial performance and its cash

flows for the year ended and comply with the ICB Ordinance 1976, the Mutual Fund Regulations

1993, the Securities and Exchange Rules 1987 and other applicable laws and regulations.

130

Emphasis of matter















Dhaka, 29 July, 2013

131



Statement of Financial Position as at June 30, 2013

Notes

Amount in Taka

30-Jun-13 30-Jun-12

Assets


Cash at Bank 5 30,926,335 54,769,317

Dividend and Interest Receivable 6 3,269,738 3,003,247

Receivable Installments of Investments 7 5,672,417 5,672,417


Other Receivables 8 - 692,962

Total Assets 255,164,235 244,102,035

Liabilities



Provision for Dividend & Interest Receivable 11 2,621,675 2,621,675


Provision for Possible Fluctuation of Investment 13 13,863,000 13,863,000



Net Assets 153,506,124 148,540,690


Capital Fund 15 50,000,000 50,000,000



153,506,124 148,540,690

Net Asset Value (NAV) Per Share :












Dhaka, 29 July 2013

132




Notes

Amount in Taka

30-Jun-13 30-Jun-12

Income





Others 20 266 440

59,760,592 63,722,002

Expenses

Staff Expenses 21 794,528 496,075

Management Fee 22 500,000 500,000

Listing Fee 23 60,000 60,000

Audit Fee 14,500 15,000





Others 24 444,519 393,357

4,795,158 1,638,010


Provision:



2,200,000



Distributable Income Carried to Balance Sheet 102,635,227 97,669,793








133



Particulars

Amount in Taka

30-Jun-13 30-Jun-12



Adjusted for :


Dividend and Interest Receivable (266,491) 414,748

Other Liabilities 1,776,160 195,865

Other Receivable 692,962 (692,961)



Net Cash Inflows from Operating Activities 21,830,968 30,778,912


Dividend Paid (44,424,350) (38,076,225)

Tax at Sources (1,249,600) (1,313,680)

Net Cash Flows from Financing Activities: (45,673,950) (39,389,905)

Net Increase/(Decrease) in Cash (23,842,982) (8,610,993)






Dhaka, 29 July 2013

134


Statement of Changes in Equity

for the year ended 30 June 2013

Particulars Capital Fund General

Reserve

Distributable

Income Total



Dividends (45,000,000) (45,000,000)



Dividends (50,000,000) (50,000,000)





Dhaka, 29 July 2013

135



for the year ended 30 June 2013







Keeping in line with these objectives, the Sixth ICB Mutual Fund (the Fund) was established in June 1987,







yearly basis.


2.1 Statement of compliance





2.2 Basis of accounting


2.3 Functional and presentation currency



2.4 Use of estimates and judgments



expenses.

136

2.5 Reported period






secondary markets.


price.




3.2 Taxation


3.3 Cash and Bank


3.4 General:







137

Amount in Taka

30-Jun-13 30-Jun-12

4. Marketable Investments, at Cost 205,295,745 179,964,092

The market value of investments was Tk. 352,487,470.65 at the close of business on June 30, 2013 which

indicates a surplus of Tk. 147,191,725.65 between market price and cost.


5. Cash at Bank

















Fixed Deposit A/C 11,434,103 48,379,477

Total: 30,926,335 54,769,317

6. Dividend and Interest on Receivable


Interest Receivable for more than one year 1,998,879 1,998,879

Dividend Receivable for less than one year 868,553 602,062

Total: 3,269,738 3,003,247

6.1 Movement of Dividend and Interest Receivable


Add: Receivable during the year 868,553 602,062

Less: Received during the year (602,062) (1,016,810)



7. Receivable Installments of Investments 5,672,417 5,672,417

Outstanding for more than one year

138

Amount in Taka

30-Jun-13 30-Jun-12

8. Others Receivables


Add: Additional During the Year - 692,962


(For Interest on FDR Receivable) - 692,962

9. Accrued Expenses

Audit Fee 14,500 15,000

CDBL Charge 15,893 20,838


Total: 48,713 54,158


Opening Balance 24,846,836 19,236,741

Add: Dividend Declared during the year 50,000,000 45,000,000

Less: Dividend paid during the year (44,424,350) (38,076,225)

Less: Tax deducted at source (2007-08) - -


Less: Tax deducted at source during the year (1,249,600) (1,313,680)

Total: 29,172,886 24,846,836

11 Provision for dividend and interest receivable

Opening balance 2,621,675 2,621,675

Less: Write-off during the year - -


12 Provision for Loss on value of investments

Opening balance 52,355,673 52,355,673

Add: Provision during the year - -

Closing Balance 52,355,673 52,355,673

13 Provision for Possible Fluctuation of Investment

Opening balance 13,863,000 11,663,000

Add: Provision made during the year - 2,200,000

Closing Balance 13,863,000 13,863,000



Add: Additional during the year 1,776,160 195,865

Less: Adjustment during the year - -

Closing balance 3,596,163 1,820,003

15 Capital Fund 50,000,000 50,000,000

The Capital Fund is divided into 5,000,000 certificate of Tk.10 each fully paid up in cash.

139

Amount in Taka

30-Jun-13 30-Jun-12




Opening Balance 97,669,793 82,785,801


47,669,793 37,785,801

Add: Net Income 54,965,434 59,883,992

Closing Balance 102,635,227 97,669,793

18 Dividend & Interest Earned

Dividend 7,407,525 9,117,694

Interest - 251,582

Total 7,407,525 9,369,276 (See Annexure-6.1 for details)

19 Interest on Bank Deposits


IFIC Bank Ltd. 1,361,598 585,772

Standard Bank Ltd. - -

ICB 2,369,270 3,951,936

UCBL - 195,000

Total 3,736,194 4,737,623

20 Other Income 266 440


21 Staff Expenses

Basic Salary 286,011 205,172



Other Allowance (Note no.-21a) 276,012 150,443

794,528 496,075

21a Other Allowance


Overtime 1,500 -




Pension 48,292 34,879

Children Allowance 1,600 1,675




276,012 150,443

140

Amount in Taka

30-Jun-13 30-Jun-12

22 Management Fee 500,000 500,000



23 Listing Fee

Dhaka Stock Exchange Ltd. 30,000 30,000

Chittagong Stock Exchange Ltd. 30,000 30,000

60,000 60,000

24 Others Expenses




CDBL Charge 155,068 139,995



Total 444,519 393,358

25 Disclosure of deviations from few requirements of BAS/BFRS




provision are kept when market value is lower than cost price. Investments have not been accounted in

market value (MV) which is a very newly adopted accounting standard in Bangladesh. In the Financial

Statement this standard has not been considered due to volatile stock market scenario, conservative policy


quoted shares) and book value (for unquoted shares) are higher than cost price by Tk. 147,191,725.65



value of investment and provision for possible price fluctuation which is shown in Statement of Financial

Position under liabilities amounting to Tk. 52,355,673.00 and Tk. 13,863,000.00 respectively.

(c) Some disclosure and presentation requirements as per BFRS 7 and BAS 32 regarding risk management

have not been made in the financial statements. However, management of the fund is prudent in risk

management which is evident from steady growth of the fund. The fund is not exposed to any foreign

currency and interest rate risk.

26 Event after the reporting date

The Board of Directors of Investment Corporation of Bangladesh declared cash dividend of Tk. 10.50 per




141


Statement of Dividend & Interest Income for FY-2012-13 cwiwkó-6.1

Annexure-6.1

SL. No.


Par Value (Tk.)

Rate of Dividend Declared (%)

Amount of Dividend

Received (Tk.)

1 Fourth ICB Mutual Fund 200 10 185.00 3,700.00


3 ACI Ltd. 21,398 10 80.00 171,184.00


5 Apex Adelchi Footwear Ltd. 6,900 10 50.00 34,500.00


7 Aramit Ltd. 3,750 10 50.00 18,750.00


9 Bangladesh Gen. Insurance Co. Ltd. 32,134 10 16.00 51,414.40



12 Bata Shoe Co. (BD) Ltd. 1,340 10 105.00 14,070.00

13 Bata Shoe Co. (BD) Ltd. (Interim) 1,340 10 170.00 22,780.00

14 BATBC 443 10 400.00 17,720.00

15 BATBC (Interim) 443 10 100.00 3,430.00


17 BSRM Steels Ltd. 16,360 10 10.00 16,360.00




21 DESCO 18,790 10 10.00 18,787.00

22 Desh Garments Ltd. 42,400 10 7.00 29,680.00


24 Eastern Bank Ltd. 64,916 10 20.00 129,832.00




28 EBL First Mutual Fund 95,500 10 10.00 95,500.00


30 GBB Power Ltd. 62,400 10 5.00 31,200.00

31 Glaxo Smithkline BD Ltd. 5,250 10 150.00 78,750.00


33 Golden Son Ltd. 961 10 5.00 480.50





142

SL. No.


Par Value (Tk.)


Amount of Dividend

Received (Tk.)



40 IBN Sina Pharmaceuticals Ltd. 12,600 10 15.00 18,900.00

41 ICB AMCL First M.F. 34,500 10 100.00 345,000.00

42 ICB AMCL First NRB M.F 28,500 10 37.00 105,450.00

43 ICB AMCL Second M.F 228,000 10 5.00 114,000.00

44 ICB AMCL Second NRB M.F 117,500 10 23.00 270,250.00

45 ICB AMCL Islamic M.F 92,500 10 36.00 333,000.00


47 IFIC Bank First M.F 37,500 10 5.00 18,750.00

48 International Leasing & Fin. Services Ltd. 11,277 10 5.00 5,638.50

49 IPDC 792 10 10.00 792.00


51 Jamuna Bank Ltd. 54,120 10 14.00 75,768.00

52 Jamuna Oil Company Ltd. 9,360 10 45.00 42,120.00


54 Kohinoor Chemical Co. (BD) Ltd. 700 10 10.00 700.00


56 Linde Bangladesh Ltd. (Interim) 19,485 10 200.00 389,700.00



59 MI Cement Ltd. 10,000 10 35.00 35,000.00




63 National Tea Co. Ltd. 3,600 10 30.00 10,800.00

64 Olympic Industries Ltd. 110 10 10.00 60.00

65 One Bank Ltd. 4,550 10 5.00 2,275.00

66 Orion Pharma Ltd. 61,000 10 20.00 122,000.00


68 Phoniex Finance First M.F. 25,000 10 5.00 12,500.00

69 Pioneer Insurance Ltd. 12,935 10 10.00 12,935.00



72 Prime Bank First ICB M.F. 62,000 10 5.00 31,000.00

73 Prime Bank Ltd. 65,130 10 10.00 65,130.00

74 Prime Finance First M.F. 9,000 10 10.00 9,000.00


76 Pubali Bank Ltd. 6,260 10 10.00 6,260.00

77 RAK Ceramics Ltd. 61,230 10 15.00 91,845.00

78 Reckitt Benckiser (BD) Ltd. 50 10 150.00 750.00

143

SL. No.


Par Value (Tk.)


Amount of Dividend

Received (Tk.)

79 Renata Ltd. 575 10 60.00 3,450.00

80 S. Alam Cold Rolled Steels Ltd. 6,600 10 15.00 9,900.00







87 Titas Gas Trans. & Distri. Co. Ltd. 119,800 10 30.00 359,400.00

88 Trust Bank First M.F 164,500 10 5.00 82,250.00



91 United Insurance Co. Ltd. 6,963 10 7.50 5,222.25


93 Uttara Finance & Investment Ltd. 17,640 10 20.00 35,280.00

94 Wata Chemicals Ltd. 50 10 12.00 60.00


Total : 3,403,690 7,407,525.03

144


Statement of Dividend and Interest receivable for FY-2012-13

cwiwkó-6.2

Annexure-6.2

SL.


No. of

Shares Held

Par Value

(TK.)

Rate of

Dividend

Declared (%)

Amount

Receivable (TK.)


1 B.C.I.L 3,000 100 3.00 7,650.00

2 B.C.I.L 3,000 100 10.00 25,500.00

3 Bangladesh Luggage Ind. Ltd. 15,000 100 3.00 38,250.00

4 Bangladesh Zipper Ind. Ltd. 5,150 100 3.00 13,132.50

5 Bangladesh Dyeing 5,900 100 10.00 50,150.00

6 BD. Dyeing & Finishing Ind. 5,900 100 10.00 50,150.00

7 BD. Zipper 5,150 100 5.00 21,887.50

8 Chic Tex Ltd. 48,000 10 3.00 12,240.00

9 Eastland Insurance Co. Ltd. 279 100 10.00 2,790.00


11 M.H. Garments & Washing Ltd. 5,000 100 5.00 21,250.00

12 Meghna Shrimp 10,380 100 12.00 105,876.00

13 Raspit Data Mgt & Tele Comm. 1,500 10 10.00 1,275.00

14 The Ibne Sina Pharma Ltd. 1,280 100 27.00 229.50

15 AB Bank Ltd. 3,265 100 15.00 375.00

16 Beximco Pharmachutical Ltd. 67,817 10 10.00 15.00

17 First Lease Fin. & Inv. Ltd. 1,526 100 10.00 1,535.00

Total (A) : 402,305.50

B. Interest Receivable for more than one year.

1 Aramit Cement Ltd. 764 1,142.00 14.00 61,120.00

2 Aramit Cement Ltd. 764 999.00 14.00 53,480.00





7 Beximco Denims Ltd. 1,000 1,426.00 14.00 99,820.00



10 Beximco Denims Ltd. 1,000 889.00 14.00 62,230.00





15 Beximco Denims Ltd. (Deb) 1,000 2,142.00 14.00 149,940.00

16 Beximco Denims Ltd. (Deb) 1,000 1,963.00 14.00 137,410.00

145

SL.


No. of

Shares Held

Par Value

(TK.)

Rate of

Dividend

Declared (%)

Amount

Receivable (TK.)

17 Beximco Denims Ltd.(Deb) 1,000 1,784.00 14.00 124,880.00

18 Beximco Denims Ltd.(Deb) 1,000 1,605.00 14.00 112,350.00



21 Beximco Fisheries Ltd. 442 857.10 14.00 26,520.00






27 Beximco Fisheries Ltd.(Deb) 100 1,928.55 14.00 55,396.00

28 Beximco Knitting Ltd. 500 1,024.00 14.00 35,840.00

29 Beximco Knitting Ltd. 500 852.00 14.00 29,820.00









38 Beximco Synthetics Ltd. (Deb) 80 1,247.00 14.00 6,983.20

Total (B) : 1,998,879.20


1 Pubali Bank Ltd. 6,260 10.00 0.10 6,260.00

2 MJL Bangladesh Ltd. 2,600 10.00 0.25 6,500.00

3 Dhaka Insurance Co. Ltd. 15,000 10.00 0.20 30,000.00

4 Reckitt Benckiser (BD) Ltd. 50 10.00 1.50 750.00

5 Aramit Ltd. 3,750 10.00 0.50 18,750.00

6 Aramit Cement Ltd. 7,502 10.00 0.10 7,502.00

7 Bata Shoe Co. (BD) Ltd. 1,340 10.00 1.05 14,070.00

8 Karnaphuli Insurance Co. Ltd. 16,500 10.00 0.13 20,625.00

9 Paramount Insurance Co. Ltd. 50,011 10.00 0.05 25,005.50

10 Confidence Cement Ltd. 125,218 10.00 0.20 250,436.00

11 ACI Ltd. 21,398 10.00 0.80 171,184.00

12 ACI Formulations Ltd. 21,600 10.00 0.25 54,000.00

13 Square Textiles Ltd. 57 10.00 0.18 102.60

14 Renata Ltd. 575 10.00 0.60 3,450.00

15 Eastern Cables Ltd. 1,350 10.00 0.10 1,350.00

16 National Bank Ltd. 49,187 10.00 0.06 29,512.20

146

SL.


No .of

Shares Held

Par Value

(TK.)

Rate of

Dividend

Declared (%)

Amount

Receivable (TK.)

17 Pioneer Insurance Ltd. 12,935 10.00 0.10 12,935.00

18 Eastern Insurance Co. Ltd. 4,420 10.00 0.18 7,956.00

19 Global Heavy Chemicals Ltd. 4,000 10.00 0.15 6,000.00

20 Golden Son Ltd. 961 10.00 0.05 480.50

21 Asia Insurance Ltd. 16,387 10.00 0.10 16,387.00

22 Unique Hotel & Resorts Ltd. 1,265 10.00 0.25 3,162.50

23 Social Islami Bank Ltd. 18,222 10.00 0.05 9,111.00

24 Orion Pharma Ltd. 61,000 10.00 0.20 122,000.00

25 National Life Insurance Co. Ltd. 13,408 10.00 0.30 40,224.00

26 National Tea Co. Ltd. 3,600 10.00 0.30 10,800.00

Total (C) : 868,553.30

Grand

Total: (A+B+C): 3,269,738.00

147

Sixth ICB Mutual Fund Individual Portfolio Report

cwiwkó-6.3

Annexure-6.3

SL.

No. Company

No. of

Shares

Par

Value

Average

Cost

Price

Per

Share

on

30.06.13

Total cost

price (Taka)

30.06.13

Market

Price

Per

Share

on

30.06.13

Total

Market

Price (Taka)

30.06.13

1 AB Bank Ltd. 42,150 10 0.95 39,901.17 28.20 1,188,630.00

2 AL-Arafah Islami Bank Ltd. 14,508 10 9.71 140,831.67 15.90 230,677.20

3 Bank Asia Ltd. 93,931 10 18.74 1,760,320.00 19.30 1,812,868.30

4 BRAC Bank Ltd. 25,898 10 10.05 260,148.77 29.90 774,350.20

5 Dhaka Bank Ltd. 17,520 10 3.28 57,492.60 23.90 418,728.00

6 Eastern Bank Ltd. 64,916 10 36.75 2,385,650.80 27.00 1,752,732.00


8 First Security Bank Ltd. 60,668 10 6.04 366,353.58 13.80 837,218.40

9 I.F.I.C. Bank Ltd. 87,875 10 49.64 4,362,050.00 21.90 1,924,462.50

10 Islami Bank Ltd. 28,986 10 16.12 467,195.53 38.30 1,110,163.80

11 Jamuna Bank Ltd. 54,120 10 27.20 1,472,200.00 15.80 855,096.00


13 Mutual Trust Bank Ltd. 61,776 10 20.84 1,287,412.48 17.10 1,056,369.60

14 N C C Bank Ltd. 79,016 10 2.94 232,095.15 13.30 1,050,912.80


16 One Bank Ltd. 5,232 10 0.58 3,045.70 15.80 82,665.60

17 Premier Bank Ltd. 27,432 10 2.83 77,562.20 12.30 337,413.60

18 Prime Bank Ltd. 71,643 10 36.87 2,641,275.00 28.20 2,020,332.60

19 Pubali Bank Ltd. 6,260 10 2.81 17,564.20 32.00 200,320.00



22 Southeast Bank Ltd. 93,943 10 10.94 1,027,885.85 16.90 1,587,636.70

23 Standard Bank Ltd. 201,572 10 5.57 1,122,085.97 16.30 3,285,623.60

24 Trust Bank Ltd. 170,661 10 13.03 2,223,788.83 21.90 3,737,475.90

25 Aramit Cement Ltd. 7,502 10 7.10 53,275.00 75.90 569,401.80


27 Heidelberg Cement Bd. Ltd. 12,510 10 84.68 1,059,319.84 335.00 4,190,850.00


29 M.I. Cement Factory Ltd. 22,000 10 90.80 1,997,500.00 90.50 1,991,000.00


31 RAK Ceramics (BD) Ltd. 67,353 10 50.50 3,401,300.00 52.20 3,515,826.60

32 Shinepukur Ceramics Ltd. 35,230 10 59.90 2,110,439.98 20.20 711,646.00

33 Standard Ceramic Ltd. 3,150 10 14.13 44,497.60 31.90 100,485.00

34 Aftab Automobiles Ltd. 8,000 10 83.68 669,400.00 121.30 970,400.00

35 Aziz Pipes Ltd. 100 10 8.51 850.72 15.10 1,510.00

36 BSRM Steels Ltd. 17,178 10 11.34 194,804.30 80.00 1,374,240.00

37 Eastern Cables Ltd. 1,350 10 0.36 488.60 55.40 74,790.00

148

SL.

No. Company

No. of

Shares

Par

Value

Average

Cost

Price

Per

Share

on

30.06.13

Total cost

price

(Taka)

30.06.13

Market

Price Per

Share on

30.06.13

Total Market

Price (Taka)

30.06.13

38 Golden Son Ltd. 961 10 20.94 20,127.40 43.10 41,419.10

39 Jago Corporation Ltd. 9900 100 100.00 990,000.00 100.00 990,000.00

40 Karim Pipe Mills Ltd. 6430 100 117.14 753,210.20 27.25 175,217.50

41 Olympic Industries Ltd. 220 10 0.00 10,833.00 167.60 23,014.00

42 S. Alam Cold Rolled Steels Ltd 6600 10 29.84 196,950.00 42.30 279,180.00

43 Wonderland Toys Ltd. 3300 100 100.00 330,000.00 68.25 225,225.00

44 Alpha Tobacco Co. Ltd. 7620 10 37.86 288,476.40 24.60 187,452.00

45 B A T B C 200 10 110.93 22,186.70 1,065.30 213,060.00

46 Bangas Ltd. 4858 10 8.85 42,978.05 456.80 2,219,134.40

47 Beach Hatchery Ltd. 151 10 0.00 0.00 19.20 2,899.20

48 Dhaka Vegetable Oil Inds. Ltd. 4200 100 102.40 430,080.00 23.00 96,600.00

49 Froglegs Export Ltd. 1000 10 22.00 22,000.00 22.00 22,000.00

50 Fu-Wang Foods Ltd. 2616 10 7.91 20,698.20 26.50 69,324.00

51 Golden Harvest Agro Ind. Ltd. 31080 10 20.83 647,500.56 46.00 1,429,680.00

52 Meghna Shrimp Ltd. 10380 100 121.71 1,263,330.00 115.75 1,201,485.00

53 Meghna Vegetable Oil Ind.Ltd. 4400 100 91.99 404,762.50 33.25 146,300.00

54 N.T.C. 4700 10 0.35 1,668.18 811.00 3,811,700.00

55 Rangpur Dairy & Food Prod Ltd. 2224 10 16.19 36,000.00 20.30 45,147.20

56 Dhaka Electric Supply Co. Ltd. 21605 10 17.11 369,704.48 89.70 1,937,968.50

57 GBB Power Ltd. 78000 10 32.00 2,496,000.00 29.30 2,285,400.00

58 Jamuna Oil Company Ltd. 12168 10 71.30 867,558.70 229.10 2,787,688.80

59 Linde Bangladesh Ltd. 19485 10 134.72 2,624,972.62 581.40 11,328,579.00

60 Meghna Petroleum Ltd. 50356 10 88.08 4,435,454.70 237.80 11,974,656.80

61 MJL Bangladesh Ltd. 2600 10 78.45 203,980.00 77.70 202,020.00

62 Power Grid Co. Bd. Ltd. 79385 10 46.92 3,724,413.45 63.50 5,040,947.50

63 Summit Power Ltd. 42561 10 36.69 1,561,679.10 39.80 1,693,927.80

64 Summit Purbanchol Power Co. Ltd. 4890 10 30.77 150,461.60 72.30 353,547.00

65 Titas Gas Trans. & D.C.L 126790 10 60.61 7,684,658.73 82.20 10,422,138.00

66 Aamra Technologies Ltd. 6200 10 23.23 144,000.00 40.60 251,720.00

67 Agni Systems Ltd. 4515 10 9.09 41,060.00 23.10 104,296.50

68 Bangladesh Submarine Cable Co. 57400 10 118.07 6,777,080.30 231.00 13,259,400.00

69 BDCom Online Ltd. 77 10 9.08 698.90 20.90 1,864.00

70 Intech Online Ltd. 1843 10 5.65 10,416.50 15.70 28,935.10

71 Agrani Insurance Co. Ltd. 49676 10 19.76 981,458.55 25.00 1,241,900.00

72 Asia Insurance Ltd. 16387 10 11.13 182,323.30 30.30 496,526.10

73 Asia Pacific General Insurance 13500 10 13.77 185,932.05 34.10 460,350.00

74 Bangladesh Gen. Insurance Co. 32134 10 11.08 355,917.39 30.00 964,020.00

75 Central Insurance Co. Ltd. 15059 10 0.13 1,935.00 30.00 451,770.00

76 City General Insurance Co. Ltd 60754 10 8.99 546,325.39 26.80 1,628,207.20

77 Continental Insurance Ltd. 33803 10 9.08 306,771.95 28.60 966,765.80

78 Dhaka Insurance Ltd. 15000 10 0.82 12,333.38 42.40 636,000.00

149

SL.

No. Company

No. of

Shares

Par

Value

Average

Cost

Price

Per

Share on

30.06.13

Total cost

price (Taka)

30.06.13

Market

Price Per

Share on

30.06.13

Total

Market

Price

(Taka)

30.06.13

79 Eastern Insurance Co. Ltd. 4,420 10 14.97 66,154.20 35.70 157,794.00

80 Eastland Insurance Co. Ltd. 41,072 10 3.31 136,057.94 44.40 1,823,596.80

81 Fareast Islami Life Insurance 2,500 100 157.60 394,000.00 119.80 299,500.00

82 Global Insurance Ltd. 3,790 10 13.85 52,500.00 34.20 129,618.00


84 Janata Insurance Co. Ltd. 325 100 129.95 42,234.40 238.50 77,512.50

85 Karnaphuli Insurance Co. Ltd. 16,500 10 9.23 152,311.20 24.90 410,850.00

86 Mercantile Insurance Co. Ltd 42,130 10 14.78 622,681.97 25.80 1,086,954.00

87 National Life Insurance Co. Ltd 13,408 10 0.80 10,672.00 288.30 3,865,526.40

88 Northern General Ins. Co. 9,531 10 5.25 50,000.00 43.90 418,410.90


90 Paramount Insurance Co. Ltd. 50,011 10 8.60 429,920.50 24.00 1,200,264.00

91 Phoenix Insurance Co. Ltd. 7,350 10 0.00 0.00 42.10 309,435.00

92 Pioneer Insurance Co. Ltd. 11,935 10 10.34 123,444.40 67.50 805,612.50


94 Prime Insurance Co. Ltd. 27,347 10 5.83 159,549.80 33.30 910,655.10




98 Rupali Insurance Co. Ltd 52,492 10 8.75 459,488.88 33.70 1,768,980.40


100 Sandhani Life Insurance Co.Ltd 39,193 10 0.69 27,117.11 80.10 3,139,359.30

101 Sonar Bangla Insurance Ltd. 7,447 10 10.07 75,000.00 24.50 182,451.50




105 United Insurance Ltd. 7,672 10 5.15 39,515.00 51.90 398,176.80

106 Fourth ICB Mutual Fund 200 10 19.20 3,840.00 200.00 40,000.00

107 Al-Arafah Bank First M Fund 2,152 10 0.00 0.00 7.00 15,064.00



110 Exim Bank First Mutual Fund 100,000 10 10.00 1,000,000.00 10.00 1,000,000.00

111 FAS Finance and Inv. Ltd. 106,959 10 9.09 972,238.28 17.00 1,818,303.00

112 First Janata Bank Mutual Fund 138,000 10 9.31 1,285,300.00 6.80 938,400.00




116 ICB AMCL First NRB MF 28,500 10 10.00 285,000.00 27.40 780,900.00

117 ICB AMCL Islamic M Fund 92,500 10 10.00 925,000.00 21.40 1,979,500.00

118 ICB AMCL Second M Fund 228,000 10 11.54 2,632,000.00 6.90 1,573,200.00

119 ICB AMCL Second NRB M.F. 117,500 10 10.00 1,175,000.00 13.20 1,551,000.00

120 ICB AMCL Sonali Bank First MF 624,500 10 10.00 6,245,000.00 10.50 6,557,250.00

121 ICB AMCL Third NRB MF 147,000 10 9.52 1,399,200.00 6.20 911,400.00

122 ICB Emp. Prov.M.F.One:S.O 158,500 10 10.04 1,591,600.00 7.30 1,157,050.00

150

SL.

No. Company

No. of

Shares

Par

Value

Average

Cost

Price

Per

Share on

30.06.13

Total cost

price

(Taka)

30.06.13

Market

Price Per

Share on

30.06.13

Total

Market

Price

(Taka)

30.06.13

123 IFIC Bank First MF 37,500 10 10.00 375,000.00 8.60 322,500.00

124 IFIL Islamic Mutual Fund-1 146,000 10 8.71 1,271,700.00 5.80 846,800.00

125 MBL First Mutual Fund 84,500 10 10.00 845,000.00 6.50 549,250.00

126 National Life Insurance First MF 2,878 10 0.00 0.00 12.60 36,262.80


128 Phoenix Finance First MF 25,000 10 10.00 250,000.00 6.60 165,000.00

129 Popular Life First Mutual Fund 134,500 10 10.00 1,345,000.00 7.30 981,850.00

130 Prime Bank First ICB AMCL M F 62,000 10 9.22 571,850.00 7.10 440,200.00

131 Prime Finance First Mutual Fun 9,000 10 10.00 90,000.00 18.90 170,100.00

132 Trust Bank First Mutual Fund 164,500 10 11.81 1,943,021.50 9.90 1,628,550.00

133 Aramit Ltd. 3,750 10 36.00 135,000.00 210.70 790,125.00


135 BD Luggage Ind. 15,000 100 100.00 1,500,000.00 28.25 423,750.00

136 Bengal Windsor Thermoplas. Ltd. 6,800 10 25.00 170,000.00 47.80 325,040.00

137 Beximco Ltd. 13,372 10 42.41 569,719.03 41.70 545,516.40

138 G.Q. Ball Pen Ind. Ltd 1,377 10 47.75 65,755.00 141.90 195,396.30


140 Mark BD. Shilpa and Eng 5,000 100 200.00 1,000,000.00 17.00 85,000.00

141 Miracle Industries Ltd. 2,454 10 6.69 16,412.60 12.20 29,938.80

142 Usmania Glass Sheet 10 10 0.00 0.00 101.10 1,011.00




146 Delta BRAC Housing Fin. Cor. 21,275 10 4.89 103,946.48 66.20 1,408,405.00



149 I P D C 792 10 7.53 5,960.95 18.10 14,335.20

150 Intl. Leasing & Fin. Services Ltd. 11,277 10 7.51 84,660.58 17.30 195,092.10

151 National Housing Fin. & Inv. 4,536 10 7.72 35,000.00 29.90 135,626.40

152 Peoples Leasing & Fin. Servic 172 10 9.16 1,575.31 27.90 4,798.80

153 Phoenix Finance & Inv. Ltd 71,186 10 5.73 408,230.89 36.80 2,619,644.80

154 Premier Leasing & Fin. Ser. Ltd. 6,348 10 20.53 130,303.34 11.20 71,097.60

155 Union Capital Ltd. 5,573 10 2.38 13,255.70 32.20 179,450.60

156 United Leasing Co. Ltd. 25,692 10 3.66 94,032.99 30.30 778,467.60

157 Uttara Finance & Invest. Ltd 51,204 10 48.26 2,470,855.46 77.10 3,947,828.40

158 Bangladesh Monospool Paper MFG 66 100 22.73 1,500.00 63.00 4,158.00

159 MAQ Enterprises Ltd. 5,000 100 100.00 500,000.00 37.75 188,750.00

160 MAQ Paper Industries Ltd. 6,000 100 100.00 600,000.00 42.75 256,500.00


162 ACI Ltd. 25,677 10 39.74 1,020,502.88 149.10 3,828,440.70


164 Ambee Pharmaceuticals Ltd. 3,250 10 32.93 107,014.59 234.20 761,150.00

165 B. C. I. L. 3,000 100 100.00 300,000.00 53.75 161,250.00


151

SL.

No. Company

No. of

Shares

Par

Value

Average

Cost

Price Per

Share on

30.06.13

Total cost

price (Taka)

30.06.13

Market

Price Per

Share on

30.06.13

Total Market

Price (Taka)

30.06.13

167 Beximco Pharmaceuticals Ltd. 103,435 10 19.49 2,016,330.15 52.20 5,399,307.00

168 Beximco Synthetics Ltd. 195 10 4.40 858.56 17.70 3,451.50

169 Glaxo Wellcome (BD) Ltd. 5,250 10 115.06 604,089.65 633.00 3,323,250.00

170 Ibne Sina Pharma. Ltd. 15,120 10 8.12 122,777.27 80.80 1,221,696.00


172 Kohinoor Chemical Co. Ltd. 910 10 14.87 13,531.00 240.00 218,400.00

173 Orion Pharma Ltd. 52,000 10 60.00 3,120,000.00 68.50 3,562,000.00

174 Petro Synthetic Prod. Ltd. 1,800 10 13.29 23,918.00 7.00 12,600.00

175 Progressive Plastic Ltd. 2,000 100 118.00 236,000.00 118.00 236,000.00


177 Renata Ltd. 575 10 306.43 176,200.00 658.20 378,465.00



180 Therapeutics (BD) Ltd. 1,000 100 105.00 105,000.00 410.25 410,250.00

181 Wata Chemicals Ltd. 50 10 15.76 788.00 27.00 1,350.00

182 Eastern Housing Ltd. 3,696 10 0.08 280.88 56.90 210,302.40



185 Apex Adelchi Footwear Ltd. 6,900 10 11.71 80,828.00 251.40 1,734,660.00

186 Bata Shoes (BD) Ltd. 1,340 10 107.15 143,581.00 557.90 747,586.00

187 Excelsior Shoes Ltd. 15,000 100 100.00 1,500,000.00 69.25 1,038,750.00

188 Paragon Leather & Footwear Ltd. 14,350 100 84.70 1,215,387.50 16.00 229,600.00


190 Alltex Industries Ltd. 500 10 5.73 2,863.98 7.00 3,500.00


192 Apex Weaving & Fin. Mills 31,080 10 89.28 2,774,950.00 15.67 487,023.60

193 Ashraf Textile Mills Ltd. 18,070 10 10.46 188,923.14 17.80 321,646.00

194 Bangladesh Zipper Inds.Ltd 6,650 100 101.13 672,500.00 43.75 290,937.50

195 Bd.Dyeing & Finishing Ind 5,900 100 113.69 670,775.00 64.25 379,075.00

196 Chic Tex Ltd. 48,000 10 10.00 480,000.00 2.70 129,600.00

197 Dandy Dyeing Ltd. 5,000 100 100.00 500,000.00 98.50 492,500.00

198 Delta Spinners Ltd. 278,600 10 5.86 1,631,384.11 33.00 9,193,800.00

199 Desh Garments Ltd. 42,400 10 9.98 423,283.41 27.60 1,170,240.00

200 Eagle Star Textiles Ltd. 10,650 10 19.13 203,698.00 9.90 105,435.00


202 Familytex (BD) Ltd. 8,000 10 10.00 80,000.00 35.90 287,200.00


204 H.R.Textile Mills Ltd. 12,995 10 6.86 89,197.33 23.40 304,083.00

205 M.H. Garments Washing & Dying 5,000 100 100.00 500,000.00 34.75 173,750.00



208 Mithun Knitting and Dyeing Ltd 20,114 10 5.80 116,607.80 74.60 1,500,504.40

209 Monno Fabrics Ltd. 50 10 90.92 4,545.91 7.80 390.00

210 Quasem Textile 5,000 10 21.00 105,000.00 14.00 70,000.00

152

SL.

No. Company

No. of

Shares

Par

Value

Average

Cost

Price

Per

Share

on

30.06.12

Total cost

price (Taka)

30.06.12

Market

Price

Per

Share

on

30.06.12

Total Market

Price (Taka)

30.06.12


212 Sajib Knitwear & Gmts. Ltd. 2,450 100 94.68 231,975.00 37.00 90,650.00

213 Sonargaon Textiles Ltd. 45,166 10 10.65 480,909.10 14.20 641,357.20

214 Square Textiles Ltd 65 10 51.82 3,368.12 88.30 5,739.50

215 Sreepur Textile Mills Ltd. 15,450 100 99.77 1,541,446.50 36.75 567,787.50

216 Tallu Spinning Mills Ltd. 88,536 10 9.93 878,954.82 28.50 2,523,276.00

217 The Dacca Dye. & Man. Co. Ltd. 3,870 10 6.46 25,000.00 30.40 117,648.00

218 Aramit Cement Ltd. (DEB) 764 2,500 86.28 65,919.50 86.28 65,919.50

219 IBBL Mudaraba Perpetual Bond 4,455 1,000 998.27 4,447,275.00 936.50 4,172,107.50

220 Milon Tanneries Ltd. 2,000 100 100.00 200,000.00 100.00 200,000.00

221 Magura Paper (DEB) 1,000 2,000 216.89 216,894.00 216.89 216,894.00

222 National Housing Fin. & Inv. 4,851 10 4.76 23,100.00 29.90 145,044.90

Total 8,620,501 205,295,744.60 352,487,470.65

153



cwiwkó-6.4

Annexure-6.4

SL.


No. of

Shares

Sold

Cost

Price

Per

Share

(Taka)

Selling

Price

Per

Share

(Taka)

Total Cost

Price (Taka)

Total Selling

Price (Taka)

Total

Profit/Loss on

Sale of

Security

(Taka)

1 AB Bank Ltd. 7,000 0.97 32.21 6,805.20 225,500 218,694.80

2 BRAC Bank Ltd. 37,000 6.56 35.90 242,865.20 1,328,300 1,085,434.80

3 Exim Bank Of Bangladesh Ltd. 2,000 8.23 15.30 16,468.00 30,600 14,132.00

4 First Security Islami Bank Ltd. 5,000 6.04 14.40 30,193.50 72,000 41,806.50

5 Islami Bank Ltd. 250,000 16.12 39.90 4,029,450.00 9,975,000 5,945,550.00

6 Shahjalal Islami Bank Ltd. 35,000 1.76 28.40 61,610.50 994,000 932,389.50

7 Trust Bank Ltd. 5,000 14.38 20.50 71,878.00 102,500 30,622.00

8 Confidence Cement Ltd. 89,000 38.17 104.60 3,396,986.90 9,309,078 5,912,091.10

9 Premier Cement Mills Ltd. 5,200 22.00 114.73 114,400.00 596,580 482,180.00

10 Bangas Ltd. 3,000 8.85 450.73 26,540.70 1,352,200 1,325,659.30



13 Summit Purban Power Co Ltd 139,700 39.87 60.15 5,569,538.40 8,403,410 2,833,871.60

14 Titas Gas Transmi & D.C.L 1,000 60.61 83.30 60,609.30 83,300 22,690.70


16 Bangladesh Submar Cable Co. 18,000 46.44 156.72 835,999.70 2,821,000 1,985,000.30

17 Eastland Insurance Co. Ltd. 5,000 3.31 47.90 16,563.50 239,500 222,936.50

18 National Life Insurance Co. Ltd 18,000 0.80 336.00 14,328.00 6,048,060 6,033,732.00

19 Pioneer Insurance Co. Ltd 1,000 10.34 73.90 10,343.10 73,900 63,556.90


21 IAMCL Sonali Bank First MF 334,000 10.00 12.48 3,340,000.00 4,169,100 829,100.00

22 Bengal Windsor Thermopl Ltd. 8,000 25.00 58.63 200,000.00 469,000 269,000.00

23 Global Heavy Chemicals Ltd. 500 20.00 94.90 10,000.00 47,450 37,450.00

24 Bangladesh Inds. Finance Co. 5,000 7.62 20.50 38,122.00 102,500 64,378.00

25 First Lease International Ltd. 10,500 7.82 41.36 82,089.00 434,250 352,161.00

26 Phoenix Finance & Inv. Ltd 15,000 5.73 36.15 86,020.50 542,300 456,279.50

27 United Leasing Co. Ltd. 104,000 3.66 29.58 380,630.00 3,076,400 2,695,770.00


29 Orion Pharma Ltd. 74,600 60.00 73.00 4,476,000.00 5,445,580 969,580.00


31 Delta Spinners Ltd. 87,400 7.49 44.67 654,909.34 3,904,340 3,249,430.66


33 Familytex (BD) Ltd. 23,000 10.00 45.10 230,000.00 1,037,200 807,200.00


35 Mithun Knitting And Dye. Ltd. 3,000 5.80 86.60 17,392.20 259,800 242,407.80

36 Tallu Spinning Mills Ltd. 95,000 9.93 31.97 943,127.50 3,037,500 2,094,372.50

Total 1,561,100 33,763,442.18 82,380,048 48,616,605.82

154

mßg AvBwmwe wgDPyq¨vj dvÛ Seventh ICB Mutual Fund

jf¨vsk I my Avq

2012-13 A_©eQ‡i G dvÛ †gvU 95 wU wmwKDwiwUR n‡Z 76.52 j¶ UvKv jf¨vsk I my eve` Avq K‡i‡Q hvi g‡a¨ 67.28 j¶ UvKv (88.00 kZvsk) 30 Ryb 2013 Zvwi‡Li g‡a¨ bM‡` cvIqv hvq| †hLv‡b GB dvÛ 2011-12 A_©eQ‡i jf¨vsk I my eve` Avq K‡iwQj 87.87 j¶ UvKv hvi g‡a¨ bM‡` cvIqv wM‡qwQj 81.50 j¶ UvKv| 2012-13 A_©eQ‡ii †Kv¤úvwb wfwËK jf¨vsk I my Avq Ges cÖvc¨ jf¨vsk I my‡ì we —vwiZ weeiY h_vµ‡g cwiwkó-7.1 Ges cwiwkó-7.2 G †`Lv‡bv n‡q‡Q| wewb‡qvM weµq n‡Z g~jabx gybvdv

2012-13 A_©eQ‡i G dvÛ 24 wU ‡Kv¤úvwbi wmwKDwiwUR weµq K‡i 2011-12 A_©eQ‡ii 317.46 j¶ UvKvi wecix‡Z 277.33 j¶ UvKv g~jabx gybvdv AR©b K‡i‡Q| g~jabx g~bvdv AR©‡bi we —vwiZ weeiY cwiwkó - 7.4 G †`Lv‡bv n‡q‡Q|





which a sum of Tk. 67.28 lac (88.00 per cent) was

received in cash within 30 June 2013. In 2011-12

the fund earned an amount of Tk. 87.87 lac as

dividend and interest income of which Tk. 81.50

lac was received in cash. Details of dividend &

interest income and receivables in the FY 2012-13

are shown in Annex-7.1 and Annex-7.2

respectively.



lac as capital gains Tk. 317.46 lac earned during

2011-12 by selling securities of 24 companies.

Details of capital gains are shown in Annex-7.4.

Avq, e¨q I eÈb‡hvM¨ gybvdv Income, Expenses and Distributable Income

‡kqvi Ges wW‡eÂvi/e‡Û wewb‡qvM n‡Z jf¨vsk I my eve` Avq 76.52 j¶ UvKv, e¨vsK Avgvb‡Zi Dci my 89.08 j¶ UvKv, g~jabx gybvdv 277.33 j¶ UvKv Ab¨vb¨ Avqmn Av‡jvP¨ A_©eQ‡i G dv‡Ûi †gvU Av‡qi cwigvY `vuovq 442.93 j¶ UvKv| ÷vd LiP, eë ’vcbv wd, gy ªY I †ókbvix, WvK I Zvi , AvBwmweÕi mv‡_ cwiPvwjZ PjwZ wnmv‡ei my , e¨vsK PvR©, wewb‡qvM mwÂwZ Ges Ab¨vb¨ LiP eve` †gvU 37.13 j¶ UvKv ev` †`qvi ci dv‡Ûi bxU Avq ùvovq 405.80 j¶ UvKv| c~e©eZ©x eQ‡ii Aew›UZ gybvdv 490.23 j¶ UvKv †hvM Kivi ci 30 Ryb 2013 Zvwi‡L dv‡Ûi bxU e›Ub‡hvM¨ Av‡qi cwigvY `vuovq 896.03 j¶ UvKv Ges mvwU©wd‡KU cÖwZ e›Ub‡hvM¨ gybvdvi cwigvY ùvovq 29.87 UvKv | jf¨vsk

Av‡jvP¨ dvÛ 2012-13 A_©eQ‡i cÖwZwU 10.00 UvKv g~j¨gv‡bi mvwU©wd‡K‡Ui Rb¨ 120 kZvsk nv‡i jf¨vsk †NvlYv K‡i‡Q hv c~e©eZx© eQ‡i wQj 110 kZvsk | jf¨vsk cÖ v‡bi Rb¨ †gvU 360.00 j¶ UvKvi ms ’vb Kivi ci dv‡Û 536.03 j¶ UvKv Aew›UZ gybvdv _v‡K| mviYx - 7.1 G dv‡Ûi eQiIqvix jf¨vs‡ki nvi cÖ wk©Z nj t


gross income of Tk 442.93 lac by way of dividend








interest on current account with ICB, bank charges,

provision against investments and other expenses,

the net income of the Fund stood at Tk. 405.80 lac.

Taking into account the previous years

undistributed income of Tk. 490.23 lac, the Fund


lac and per certificate income of Tk. 29.87 as on 30

June 2013.

Dividend

The Fund declared dividend at the rate of Tk. 120


2012-13, which was Tk. 110 percent per certificate


360.00 lac for payment of dividend the Fund has an

undistributed income of Tk. 536.03 lac. The Year-


Table-7.1 :

155

Table - 7.1: Year-wise dividend performance


1995-96

1996-97

1997-98

1998-99

1999-00

2000-01

2001-02

2002-03

2003-04

18.00

21.00

14.00

13.00

13.50

14.00

14.50

14.50

15.00

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

16.00

16.00

22.50

30.00

35.00

70.00

95.00

110.00

120.00

cÎ‡Kvl

2012-13 A_©eQ‡i G dvÛ wewfbœ LvZwfwËK wmwKDwiwUR-mg~‡n 524.66 j¶ UvKv wewb‡qvM K‡i‡Q| 30 Ryb 2013 Zvwi‡L G dv‡Ûi cÎ‡Kv‡l 2107.93 j¶ UvKv µqg~‡jï 189 wU †Kv¤úvwb Ges 24 wU wgDPy qvj dv‡Ûi wmwKDwiwUR wQj hvi evRvi g~j¨ wQj 3869.62 j¶ UvKv| 30 Ryb 2013 Zvwi‡L dv‡Ûi cÎ‡Kv‡li we —vwiZ weeiY cwiwkó-7.3 G cÖ wk©Z n‡q‡Q|

30 Ryb 2013 Zvwi‡L cÖwZwU 10.00 UvKv g~j¨gv‡bi mßg AvBwmwe wgDPyq¨vj dvÛ mvwU©wd‡K‡Ui jf¨vsk cieZx© bxU m¤c`g~j¨ ùvovq 86.60 UvKv|

XvKv ÷K G·‡PÄ wjt-G 2012-13 A_©eQ‡i 10.00 UvKv g~j¨gv‡bi mßg AvBwmwe wgDPyq¨vj dv‡Ûi mvwU©wd‡KU cÖwZ cÖviw¤¢K I mgvcYx evRvi g~j¨ wQj h_vµ‡g 92.00 UvKv I 112.00 UvKv|

30 Ryb 2013 Zvwi‡L dv‡Ûi mvwU©wd‡KU ‡nvìvi‡ì msL¨v wQj 1957 Rb|

Portfolio

During 2012-13, the Fund invested Tk. 524.66 lac

in securities of different sectors. As on 30 June

2013, the Fund had securities of 189 companies

and 24 mutual funds in its portfolio with a total

cost of Tk. 2107.93 lac, the market value of which

was Tk. 3869.62 lac. Details of the portfolio of the

Fund as on 30 June 2013 are given in Annex-7.3


Seventh ICB Mutual Fund of Tk.10.00 each stood

at Tk. 86.60 as on 30 June 2013.


certificate of Tk.10.00 each of the Seventh ICB

Mutual Fund was Tk. 92.00 and Tk. 112.00

respectively during 2012-13.


1957 as on 30 June 2013.

156

AUDITORS’ REPORT

to the Certificate Holders’ of Seventh ICB Mutual Fund

We have audited the accompanying Financial Statements of Seventh ICB Mutual Fund (the “Fund”)


Income, Statement of changes in equity, Statement of cash flows for the year ended, and a summary

of significant accounting policies and other explanatory information.



the Fund in accordance with Bangladesh Financial Reporting Standards, and for such internal control

as management determines is necessary to enable the preparation of these financial statements of the

Fund that are free from material misstatement, whether due to fraud or error.






misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures

in the financial statements. The procedures selected depend on our judgement, including the

assessment of the risks of material misstatement of the financial statements of the Fund, whether due

to fraud or error. In making those risk assessments, we consider internal control relevant to the








Opinion





year then ended and comply with the ICB Ordinance 1976, the Mutual Fund Regulations 1993, the

Securities and Exchange Rules 1987 and other applicable laws and regulations.

157

Emphasis of matter















Dhaka, 29 July 2013

158

Investment Corporation of Bangladesh Seventh ICB Mutual Fund


Particulars Notes

Amount in Taka

Assets 30-Jun-13

30-Jun-12


Cash at Bank 5 72,534,820 97,369,448

Installments Receivable on Investment 6 6,855,310 6,855,310

Dividend & Interest on Debenture Receivable 7 2,173,647 1,886,631


Interest Receivable on Term Deposit 8 - 1,583,942

Total Assets 302,357,050 290,672,223

Liabilities



Provision for Dividend & Interest on Debenture Receivable 11 3,238,013 3,238,013


Provision for Possible Fluctuation of Price of Investments 13 106,344,000 106,344,000



Net Assets 119,618,642 112,038,823


Capital Fund 15 30,000,000 30,000,000



119,618,642 112,038,823


Net Assets at Cost 119,618,642 112,038,823

Net Assets at Market Value 295,786,904 317,395,887


Net Asset Value at Cost 39.87 37.35

Net Asset Value at Market Value 98.60 105.80

The Accounting Polices & Other Notes form an Integral Part of the Financial Statements.




K. M. Alam & Co.



Dhaka, 29 July 2013

159


Seventh ICB Mutual Fund


Particulars Notes Amount in Taka

30-Jun-13 30-Jun-12

Income

Dividend and Interest Earned 18 7,651,747 8,786,715



Others 20 - -

Total Income 44,292,931 50,642,048

Expenses

Staff Expenses 21 794,528 496,075

Management Fee 22 300,000 300,000

Listing Fee 23 40,000 40,000

Audit Fee 14,500 15,000





Others 24 442,079 312,347

3,713,112 1,261,914


Provision:



- 5,000,000









K. M. Alam & Co.



Dhaka, 29 July 2013

160




Particulars

Amount in Taka

30-Jun-13 30-Jun-12



Increase / (Decrease) in Operating Assets and Liabilities: - -


Dividend & Interest on Debenture Receivable (287,016) 1,570,908

Other Liabilities 8,296,750 (2,012,376)

Interest Receivable on Term Deposit 1,583,942 (1,583,942)



- -



Dividend Paid (35,961,883) (24,816,116)

Tax at source paid (1,228,650) (1,146,470)


Net Increase/Decrease in Cash & Cash Equivalents (24,834,629) (5,976,681)

Cash & Cash Equivalents at Beginning of the Year 97,369,448 103,346,129





Dhaka, 29 July 2013

161



Particulars Capital

Fund

General

Reserve

Distributable

Income Total



Dividend (28,500,000) (28,500,000)



Dividend (33,000,000) (33,000,000)





Dhaka, 29 July 2013

162


Notes to the Financial Statements For the year ended 30 June 2013







Keeping in line with these objectives, the Seventh ICB Mutual Fund (the Fund) was established in June 1987,







yearly basis.










These financial statements are prepared in Bangladesh Taka which is the Trust’s functional currency. All

financial information presented in Taka and has been rounded off to the nearest integer.




expenses.

163


These financial statements covers one year from 1

st July to 30





secondary markets.


price.


(iv) Bonus shares i.e. stock dividend received or receivable from various companies is not accounted for as income

rather included in the portfolio to reduce the average cost.

3.2 Taxation:

The Fund’s income is exempted from income tax vide Ministry of Finance SRO no. 88-L /80 of 01 April 1980.

3.3 Cash and Bank:


3.4 General:

(i) Except for certain expenses reflected in these financial statements all other expenses including premises and

equipment expenses are borne by ICB and, therefore, not reflected in these financial statements.

(ii) Management fee at the rate of one percent on capital fund is paid to ICB for management services and support

received from the Corporation.

(iii) Figures in these financial statements have been rounded off to the nearest Taka. Previous year's figures have

been rearranged wherever found necessary to conform to current year's presentation.

164

Amount in Taka

30-Jun-13 30-Jun-12


The market value of investments was Tk. 386,961,536.00 at the close of business as at 30 June 2013


(See annexure-7.3 for details)

5 Cash at Bank

Agrani Bank (Amin Court Br), STD A/c-0002207 4,401 5,323

Agrani Bank (Amin Court Br), STD A/c-0002353 63,231 61,710

IFIC Bank (Federation Br), STD A/c-863001179 66,433 63,326




IFIC Bank (Federation Br.), STD A/c-863001732 892 402,094




IFIC Bank (Federation Br.), STD A/c-1008-000228-041 3,081 1,436,026



IFIC Bank (Federation Br.), STD A/c-1008-000440-041 6,830,671 -




72,534,820 97,369,448


6 Installments Receivable on Debenture 6,855,310 6,855,310

7 Dividend and Interest on Debenture Receivable

Dividend Receivable 1,548,425 1,261,409

Interest on Debenture Receivable 625,222 625,222

2,173,647 1,886,631

7.1 Aging analysis

Dividend Receivable for Less Than One Year 924,151 637,134

Interest on Debenture Receivable For More Than One Year 625,222 625,222


2,173,647 1,886,631


7.2 Movement of Dividend & Interest on Debenture Receivable:





165

Amount in Taka

30-Jun-13 30-Jun-12


Opening Balance 1,583,942 -


Less: Adjustment During the Year (1,583,942) -


9 Accrued Expenses:

Audit Fee 14,500.00 15,000

CDBL Charges 9,887.45 10,597

Others/Advertisement bill 18,320.00 18,320

42,707 43,917

10 Unclaimed Dividend:

Opening Balance 10,372,673 7,835,258



Less: Tax Deducted at Source During the Year (1,228,650) (1,146,470)

Closing Balance 6,182,141 10,372,673

11 Provision for Dividend & Interest on Debenture 3,238,013 3,238,013

12 Provision for Loss on Value of Investments:

Opening balance 55,216,708 55,216,708


Closing Balance 55,216,708 55,216,708


Opening Balance 106,344,000 101,344,000


Closing Balance 106,344,000 106,344,000



Add: Addition During the Year 8,296,750 -

Less: Adjustment During the Year - (2,012,376)

Closing Balance 11,714,839 3,418,089

15 Capital Fund 30,000,000 30,000,000

The Capital Fund is divided into 3,000,000 certificate of Tk.10 each fully paid up in cash.



166

Amount in Taka

30-Jun-13 30-Jun-12


Opening Balance 82,022,784 66,142,650


49,022,784 37,642,650

Add: Net Income 40,579,819 44,380,134

89,602,603 82,022,784

18 Dividend & Interest Earned 7,651,747 8,786,715


19 Interest on Bank Deposits: 8,907,727 10,109,416

20 Other Income


21 Staff Expenses:

Basic Salary 286,011 205,172




794,528 496,075

22 Management Fee 300,000 300,000



23 Listing Fee



40,000 40,000

24 Others Expenses




CDBL Charge 155,420 129,413



442,079 312,347

167

25 Disclosure of Deviations from Few Requirements of BAS/BFRS:

Few requirements of BAS/BFRS have not been followed while preparing the Financial Statements due

to considering volatile stock market scenario and conservative policy of fund management. The

deviations are disclosed below along with financial impact where applicable:

(a) Investments in quoted and unquoted shares are revalued at cost price. Investments are not shown in

market value (MV) which is very new concept in accounting standard in Bangladesh. In the Financial

Statement this standard is not considered due to volatile stock market scenario and conservative policy


quoted shares) and book value (for unquoted shares) are higher than cost price by Tk. 176,168,262.00.



value of investment and provision for possible price fluctuation which are shown in statement of

financial position under liabilities amounting to Tk. 55,216,708.00 and Tk. 106,344,000.00 respectively.


management have not been made in the financial statements. However, fund management is prudent in

risk management which is evident from steady growth of the fund. The fund is not exposed to any

foreign currency and interest rate risk.

26 Event after the Reporting Date:

The board of directors of Investment Corporation of Bangladesh declared cash dividend of Tk. 12 per




168


Statement of Dividend & Interest Income for FY-2012-13 cwiwkó-7.1

Annexure-7.1

SL. No.


Held Par Value (Tk.)


(%)

Amount of Dividend Received

(Tk.)


2 ACI Ltd. 34,044 10 80.00 272,352

3 Agricultural Marketing Co. Ltd. 200 10 31.00 620

4 Anlima Yarn Dyeing Ltd. 6,000 10 10.00 6,000

5 Anwar Galvanizing Ltd. 2,000 10 5.00 1,000

6 Apex Adelchi Footwear Ltd. 900 10 50.00 4,500


8 Apex Tannery Ltd. 7,700 10 35.00 26,950

9 Aramit Cement Ltd. 363 10 10.00 363

10 Aramit Ltd. 13,775 10 50.00 68,875


12 Bangladesh Gen. Ins. Co. Ltd. 39,426 10 16.00 63,082


14 Bangladesh Sub. Cable. Ltd. 13,100 10 20.00 26,200

15 BATBC 732 10 400.00 29,280

16 BATBC (Interim) 732 10 100.00 7,320


18 BSRM Steels Ltd. 23,260 10 10.00 23,260

19 Confidence Cement Ltd. 86,866 10 20.00 173,732

20 Continental Ins. Ltd. 31,691 10 10.00 31,691

21 Delta BRAC Housing Ltd. 10,860 10 10.00 10,860

22 DESCO 11,884 10 10.00 11,850

23 Dhaka Ins. Co. Ltd. 8,750 10 20.00 17,500

24 Dutch-Bangla Bank Ltd. 9,870 10 40.00 39,480

25 Eastern Bank Ltd. 31,106 10 20.00 62,212

26 Eastern Cables Ltd. 10,200 10 10.00 10,200

27 Eastern Housing Ltd. 5,250 10 10.00 5,250

28 Eastern Lubricants Ltd. 1,150 10 30.00 3,450

29 EBL First M. Fund 93,000 10 10.00 93,000


31 Fareast Islami Life Ins. 2,000 10 12.50 2,500

32 GBB Power Ltd. 62,400 10 5.00 31,200


34 Golden Son Ltd. 136 10 5.00 68


36 Grameen Phone Ltd. (Interim) 41,800 10 90.00 376,200


38 Green Delta Ins. Co. Ltd. 875 10 15.00 1,313

169

SL.


No. of Shares

Held

Par Value

(Tk.)

Rate of

Dividend

Declared

(%)

Amount of

Dividend

Received (Tk.)

39 H.R. Textile Mills Ltd. 7,820 10 15.00 11,212

40 Hakkani Pulp & Paper Mills Ltd. 1,000 10 5.00 500


42 IBBL Mudaraba Perpetual Bond 9,160 1000 13.58 1,243,928

43 IBN Sina Pharmaceuticals Ltd. 12,600 10 15.00 18,900

44 ICB AMCL First M.F. 28,000 10 100.00 280,000

45 ICB AMCL First NRB M.F. 31,000 10 37.00 114,700

46 ICB AMCL Second M.F. 206,500 10 5.00 103,250

47 ICB AMCL Second NRB M.F. 100,000 10 23.00 230,000

48 ICB AMCL Islamic M.F. 139,500 10 36.00 502,200


50 IFIC Bank First M.F. 44,500 10 5.00 22,250

51 International Lsesing & Fin Ser Ltd. 8,463 10 5.00 4,232

52 IPDC 1,375 10 10.00 1,375


54 Jamuna Bank Ltd. 115,620 10 14.00 161,868

55 Jamuna Oil Company Ltd. 16,380 10 45.00 73,710

56 Karnaphuli Ins. Co. Ltd. 2,448 10 12.50 3,060





61 MJL Bangladesh Ltd. 5,600 10 25.00 14,000


63 Monno Jute Staffllers Ltd. 250 10 10.00 250

64 Nitol Ins. Co. Ltd. 4,082 10 10.00 4,082

65 Olympic Industries Ltd. 9,450 10 10.00 9,450

66 One Bank Ltd. 3,705 10 5.00 1,853

67 Orion Pharma Ltd. 56,000 10 20.00 112,000

68 Paramount Ins. Co. Ltd. 47,701 10 5.00 23,851

69 Phoniex Finance First M.F. 27,000 10 5.00 13,500

70 Pioneer Ins. Ltd. 14,131 10 10.00 14,131

71 Power Grid Company Ltd. 84,750 10 10.00 84,750

72 Pragati Ins. Ltd. 2,255 10 7.50 1,691

73 Prime Bank First ICB M.F. 47,000 10 5.00 23,500

74 Prime Bank Ltd. 67,920 10 10.00 67,920

75 Prime Finance First M.F. 7,500 10 10.00 7,500

76 Prime Islami Life Ins. Co. Ltd. 16,335 10 15.00 24,503

77 Pubali Bank Ltd. 31,370 10 10.00 31,370

78 Qusem Dry cells Ltd. 8,520 10 5.00 4,150

79 RAK Ceramics Ltd. 38,536 10 15.00 57,804

80 Rangpur Foundry Ltd. 1,500 10 21.00 3,150

81 Reckitt Benckiser (BD) Ltd. 3,800 10 150.00 57,000

170

SL. No.


Held Par Value (Tk.)


(%)

Amount of Dividend Received (Tk.)

82 Saiham Textile Mills Ltd. 200 10 15.00 300

83 Social Islami Bank Ltd. 26,955 10 5.00 13477.5

84 Southeast Bank Ltd. 116,833 10 15.00 175249.5

85 Square Pharmaceuticals Ltd. 233,200 10 25.00 583000


87 Standard Ceramic Ind. Ltd. 4,410 10 10.00 4210

88 Summit Alliance Port Ltd. 7,383 10 10.00 7383

89 Titas Gas Trans. & Distri Co. Ltd. 119,800 10 30.00 359400

90 Trust Bank First M.F. 129,000 10 5.00 64500

91 Unique Hotel & Resorts Ltd. 1,200 10 15.00 1800

92 Unique Hotel & Resorts Ltd. 1,380 10 25.00 3450

93 United Ins. Co. Ltd. 10,615 10 7.50 7961.25

94 United Leasing Co. Ltd. 251,356 10 5.00 125678

95 Uttara Finance & Investment Ltd. 5,488 10 20.00 10976

Total : 7,651,747

171


Statement of dividend and Interest on debenture receivable for FY-2012-13


Sl.

No. Name of the Company No. of

Shares Held

Par Value

(TK.)

Rate of

Dividend

Declared (%)

Amount

Receivable

(TK.)


1 Bangladesh Zipper Ind. Ltd. 6000 100 3.00 15,300

2 BD Luggage 10000 100 3.00 25,500

3 BD. Dyeing 2000 100 10.00 17,000

4 BD. Zipper 6000 100 5.00 25,500

5 Beximco Denims Ltd. 13600 100 30.00 346,800

6 Chic Tex Ltd. 62000 10 3.00 15,810

7 Eastern Cables Ltd. 200 100 10.00 2,000

8 Fahad Industries Ltd. 100000 10 5.00 50,000

9 GQ Ball Pen Ind. Ltd. 920 10 25.00 2,300

10 M.H. Garments Washing. Ltd. 5000 100 5.00 21,250

11 Meghna Shrimp culture Ltd. 7320 100 12.00 74,664

12 Rangpur Foundry Ltd. 1350 100 16.00 21,600

13 AB Bank Ltd. 1490 100 15.00 795

14 First Lease Fin. & Inv. Ltd. 500 100 10.00 500

15 ICB First NRB M. Fund 3250 100 15.50 2,325

16 Sonargaon Textiles Ltd. 19750 100 5.00 1,000

17 Beximco Synthetic Ltd. 149 100 7.50 1,118

18 Anlima Yarn Dyeing Ltd. 600

19 Apex Weaving & Fin. Mills Ltd. 213

Total (A) : 624,274

B. C. Interest on debenture Receivable for more than one year:

1 Aramit Cement Ltd. 946 1142 14.00 75,680






7 Bangladesh Welding Ltd. 92 1400 15.00 9,660






13 BD Welding Electrodes Ltd. 92 2500 14.00 17,250

172

Sl.

No. Name of the Company No. of

Shares Held

Par Value

(TK.)

Rate of

Dividend

Declared (%)

Amount

Receivable

(TK.)





18 Beximco Textiles Ltd. (Deb) 13,241

Total (B) : 625,222

C. Dividend Receivable for less than one year:

1 Pubali Bank Ltd. 31370 10 10.00 31,370


3 Nitol Ins. Co. Ltd. 4082 10 10.00 4,082

4 Dhaka Ins. Co. Ltd. 8750 10 20.00 17,500

5 Reckitt Benkiser (BD) Ltd. 3800 10 150.00 57,000

6 Aramit Ltd. 13775 10 50.00 68,875

7 Aramit Cement Ltd. 363 10 10.00 363

8 Karnaphuli Ins. Co. Ltd. 2448 10 12.50 3,060

9 Paramount Ins. Co. Ltd. 47701 10 5.00 23,851

10 Confidence Cement Ltd. 86866 10 20.00 173,732

11 ACI Ltd. 34044 10 80.00 272,352

12 ACI Formulation Ltd. 31500 10 25.00 78,750

13 Square Textiles Ltd. 57 10 18.00 103

14 Monno Jute Stafllers Ltd. 250 10 10.00 250

15 Eastern Cables Ltd. 10200 10 10.00 10,200

16 Pioneer Ins. Ltd. 14131 10 10.00 14,131

17 Rangpur Foundry Ltd. 1500 10 21.00 3,150

18 Global Heavy Chemicals Ltd. 4000 10 15.00 6,000

19 Golden Son Ltd. 136 10 5.00 68

20 Asia Ins. Co. Ltd. 16387 10 10.00 16,387

21 Unique Hotel & Resorts Ltd. 1380 10 25.00 3,450

22 Social Islami Bank Ltd. 26955 10 5.00 13,478

23 Orion Pharma Ltd. 56000 10 20.00 112,000

Total (C) : 924,151

Grand Total: (A+B+C) : 2,173,647

173




Sl.


No. of

Shares

Par

Value

(Tk.)

Average

cost price

(Tk.)

per share

on

30.06.2013

Total cost

price (Tk.) on

30.06.2013

Market

price

(Tk.)

per share

on

30.06.2013

Total market

price (Tk.)

30.06.2013

1 AB Bank Ltd. 18,894 10 0.51 9,714 28.20 532,811

2 AL-Arafah Islami Bank Ltd. 11,544 10 9.69 111,892 15.90 183,550

3 Bank Asia Ltd. 93,495 10 18.53 1,732,654 19.30 1,804,454

4 BRAC Bank Ltd. 23,625 10 5.78 136,488 29.90 706,388

5 City Bank Ltd. 94,699 10 11.09 1,050,163 20.40 1,931,860

6 Dhaka Bank Ltd. 29,367 10 2.57 75,607 23.90 701,871

7 Dutch Bangla Bank Ltd. 9,870 10 1.52 15,000 101.10 997,857

8 Eastern Bank Ltd. 31,106 10 33.68 1,047,657 27.00 839,862


10 First Security Bank Ltd. 87,630 10 6.38 559,031 13.80 1,209,294

11 I.F.I.C. Bank Ltd. 68,625 10 45.06 3,092,169 21.90 1,502,888

12 Islami Bank Ltd. 147,053 10 12.51 1,839,404 38.30 5,632,130

13 Jamuna Bank Ltd. 115,620 10 27.66 3,198,200 15.80 1,826,796


15 M. Trust Bank Ltd. 73,986 10 22.09 1,634,252 17.10 1,265,161

16 N C C Bank Ltd. 57,439 10 2.82 162,049 13.30 763,939

17 One Bank Ltd. 4,260 10 1.34 5,690 15.80 67,308

18 Premier Bank Ltd. 8,647 10 2.82 24,383 12.30 106,358

19 Prime Bank Ltd. 74,712 10 34.94 2,610,550 28.20 2,106,878

20 Pubali Bank Ltd. 31,370 10 2.79 87,431 32.00 1,003,840




24 Standard Bank Ltd. 245,129 10 6.75 1,654,163 16.30 3,995,603

25 Trust Bank Ltd. 181,152 10 14.70 2,662,093 21.90 3,967,229

26 Aramit Cement Ltd. 363 10 8.26 3,000 75.90 27,552

27 Confidence Cement Ltd. 86,866 10 50.46 4,383,549 129.50 11,249,147




31 Fu-Wang Ceramics Inds. Ltd. 4,156 10 7.89 32,775 19.50 81,042

32 Monno Ceramic Ind. Ltd. 34,550 10 18.51 639,677 27.80 960,490


34 Shinepukur Ceramics Ltd. 18,170 10 59.04 1,072,800 20.20 367,034

35 Standard Ceramic Ltd. 4,210 10 14.10 59,354 31.90 134,299

36 Aftab Automobiles Ltd. 2,768 10 2.08 5,771 121.30 335,758

37 Aziz Pipes Ltd. 300 10 6.63 1,990 15.10 4,530

38 BD Thai Aluminiu Ltd. 3 10 0.00 0 24.00 72

39 BSRM Steels Ltd. 24,423 10 10.02 244,704 80.00 1,953,840

40 Eastern Cables Ltd. 10,200 10 15.91 162,296 55.40 565,080

41 Golden Son Ltd. 136 10 20.77 2,825 43.10 5,862

174

Sl.


No. of

Shares

Par

Value

(Tk.)

Average

cost price

(Tk.)

per share

on

30.06.2013

Total cost

price (Tk.)

on

30.06.2013

Market

price

(Tk.)

per share

on

30.06.2013

Total market

price (Tk.)

30.06.2013

42 Jago Corporation Ltd. 9,850 100 100.00 985,000 100.00 985,000

43 Monno Jute Staffllers 750 10 30.20 22,650 170.40 127,800

44 Olympic Industries Ltd. 12,175 10 2.92 35,582 167.60 2,040,530

45 Quasem Drycells Ltd. 9,350 10 11.81 110,467 33.60 314,160

46 Rangpur Foundry Ltd 1,500 10 12.79 19,180 60.80 91,200

47 Wonderland Toys Ltd. 3,000 100 100.00 300,000 68.25 204,750

48 Agricultural Mkt. Co. Ltd 200 10 12.34 2,469 127.80 25,560

49 Alpha Tobacco Co. Ltd. 3,400 10 58.98 200,535 24.60 83,640

50 B A T B C 732 10 122.07 89,352 1,065.30 779,800

51 Bangas Ltd. 4,421 10 6.65 29,417 456.80 2,019,513

52 Fu-Wang Foods Ltd. 2,085 10 12.94 26,974 26.50 55,253

53 Golden Har. Agro Ind. Ltd. 28,980 10 20.83 603,751 46.00 1,333,080

54 Gulf Foods Ltd. 500 100 126.90 63,450 170.75 85,375

55 Meghna Shrimp Ltd. 7,320 100 82.87 606,575 115.75 847,290

56 Meghna Vgt Oil Ind.Ltd. 4,800 100 94.99 455,975 33.25 159,600

57 Rangpur Dairy & Food Prod 3,696 10 14.61 54,000 20.30 75,029

58 Bangladesh Wel. Electrodes 829 10 9.41 7,800 18.80 15,585

59 Dhaka Electric Sup. Co. Ltd. 13,627 10 15.01 204,571 89.70 1,222,342

60 Eastern Lubricants 1,150 10 154.00 177,100 301.30 346,495

61 GBB Power Ltd. 78,000 10 32.00 2,496,000 29.30 2,285,400

62 Jamuna Oil Company Ltd. 21,694 10 72.77 1,578,756 229.10 4,970,095

63 Linde Bangladesh Ltd. 5,900 10 130.21 768,261 581.40 3,430,260


65 MJL Bangladesh Ltd. 5,600 10 78.79 441,240 77.70 435,120

66 Power Grid Co. Bd. Ltd. 100,725 10 43.51 4,382,764 63.50 6,396,038

67 Summit Power Ltd. 57,697 10 43.56 2,513,100 39.80 2,296,341

68 Summit Purba. Power Co Ltd 4,760 10 30.77 146,462 72.30 344,148

69 Titas Gas Trans. & D.C.L 126,790 10 65.64 8,322,217 82.20 10,422,138


71 Agni Systems Ltd. 1,378 10 9.40 12,960 23.10 31,832

72 Bangladesh Subm. Cable Co. 15,410 10 67.36 1,038,000 231.00 3,559,710

73 BDCOM Online Ltd. 323 10 8.52 2,751 20.90 6,751

74 Agrani Ins. Co. Ltd. 70,334 10 20.09 1,412,982 25.00 1,758,350

75 Asia Ins. Ltd. 16,387 10 11.13 182,323 30.30 496,526

76 Asia Pacific Gen. Ins. 26,560 10 14.99 398,213 34.10 905,696

77 Bangladesh Gen. Ins. Co. 39,426 10 11.01 434,216 30.00 1,182,780

78 Central Ins. Co. Ltd. 22,739 10 6.04 137,378 30.00 682,170

79 City General Ins. Co. Ltd 47,906 10 9.08 434,924 26.80 1,283,881

80 Continental Ins. Ltd. 31,691 10 9.07 287,444 28.60 906,363

81 Dhaka Ins. Ltd. 8,750 10 2.08 18,231 42.40 371,000

82 Federal Ins. Co. Ltd. 66,096 10 7.70 508,708 23.70 1,566,475

83 Global Ins. Ltd. 4,389 10 14.42 63,300 34.20 150,104

84 Green Delta Ins. Ltd. 1,006 10 94.70 95,270 90.10 90,641

85 Islami Ins. BD. Ltd. 19,800 10 7.58 150,000 26.80 530,640

86 Karnaphuli Ins. Co. Ltd. 2,448 10 7.27 17,800 24.90 60,955

175

Sl.


No. of

Shares

Par

Value

(Tk.)

Average

cost price

(Tk.)

per share

on

30.06.2013

Total cost

price (Tk.)

on

30.06.2013

Market

price per

share on

30.06.2013

Total market

price (Tk.)

on 30.06.2013

87 Mercantile Ins. Co. Ltd 53,669 10 14.90 799,561 25.80 1,384,660

88 Nitol Ins. Company Ltd. 4,082 10 24.62 100,500 35.60 145,319

89 Northern General Ins. Co 3,799 10 5.26 20,000 43.90 166,776

90 Padma Islami Life Ins. 3,000 10 10.00 30,000 67.00 201,000

91 Paramount Ins. Co. Ltd. 47,701 10 8.37 399,155 24.00 1,144,824

92 Pioneer Ins. Company Ltd 14,131 10 9.98 141,000 67.50 953,843

93 Pragati Ins. Ltd. 2,424 10 97.32 235,900 58.60 142,046

94 Prime Ins. Company Ltd. 51,440 10 7.86 404,228 33.30 1,712,952

95 Prime Islami Life Ins. Ltd. 18,785 10 3.55 66,667 105.30 1,978,061

96 Provati Ins. Company Ltd. 18,816 10 7.97 150,000 28.70 540,019

97 Republic Ins. Co. Ltd. 14,641 10 7.51 110,000 62.30 912,134

98 Rupali Ins. Company Ltd 53,926 10 9.28 500,345 33.70 1,817,306

99 Rupali Life Ins. Co. Ltd. 12,859 10 7.00 90,000 113.00 1,453,067

100 Sandhani Life Ins. Co.Ltd 40,609 10 0.99 40,000 80.10 3,252,781

101 Sonar Bangla Ins. Ltd. 11,924 10 10.08 120,200 24.50 292,138

102 Standard Ins. Ltd. 29,282 10 7.51 220,000 39.70 1,162,495

103 Sunlife Ins. Co. Ltd. 6,500 10 10.00 65,000 63.60 413,400

104 Takaful Islami Ins. Ltd. 8,045 10 4.97 40,000 34.80 279,966

105 United Ins. Ltd. 11,696 10 5.15 60,202 51.90 607,022

106 Al-Arafah Bank First M. F. 1,712 10 0.00 0 7.00 11,984

107 DBH First M. Fund 22,000 10 10.00 220,000 6.80 149,600

108 EBL First M. Fund 93,000 10 10.00 930,000 9.10 846,300

109 Exim Bank First M. Fund 100,000 10 10.00 1,000,000 10.00 1,000,000

110 FAS Finance & Inv. Ltd. 272,169 10 11.11 3,024,665 17.00 4,626,873

111 First Janata Bank M. Fund 148,500 10 9.21 1,367,950 6.80 1,009,800


113 Green Delta M. Fund 142,000 10 8.57 1,217,050 6.10 866,200

114 ICB AMCL First M. Fund 28,000 10 10.00 280,000 45.80 1,282,400

115 ICB AMCL First NRB M. Fund 31,000 10 10.00 310,000 27.40 849,400

116 ICB AMCL Islamic M. Fund 139,500 10 10.00 1,395,000 21.40 2,985,300

117 ICB AMCL Second M. Fund 206,500 10 10.94 2,259,375 6.90 1,424,850

118 ICB AMCL 2nd NRB M.F. 100,000 10 10.00 1,000,000 13.20 1,320,000

119 IAMCL Sonali Bank First MF 625,500 10 10.00 6,255,000 10.50 6,567,750

120 ICB AMCL Third NRB M. Fund 139,000 10 9.50 1,320,200 6.20 861,800

121 ICB Emp. Prov.M.F.One:S.O 175,500 10 9.97 1,749,600 7.30 1,281,150

122 IFIC Bank First MF 44,500 10 10.00 445,000 8.60 382,700

123 IFIL Islamic M. Fund-1 141,000 10 8.76 1,235,200 5.80 817,800

124 MBL First M. Fund 86,500 10 10.00 865,000 6.50 562,250

125 NCCBL M. Fund-1 50,000 10 10.00 500,000 10.30 515,000

126 Phoenix Finance First MF 27,000 10 10.00 270,000 6.60 178,200

127 Popular Life First M. Fund 137,000 10 10.00 1,370,000 7.30 1,000,100

128 Prime Bank First IAMCL M. Fund 47,000 10 8.99 422,550 7.10 333,700

129 Prime Finance First M. Fund 7,500 10 10.00 75,000 18.90 141,750

130 Trust Bank First M. Fund 129,000 10 11.19 1,443,678 9.90 1,277,100

131 Aramit Ltd. 13,775 10 34.29 472,376 210.70 2,902,393

176

Sl.


No. of

Shares

Par

Value

(Tk.)

Average

cost price

(Tk.)

per share

on

30.06.2013

Total cost

price (Tk.)

on

30.06.2013

Market

price

(Tk.)

per share

on

30.06.2013

Total market

price (Tk.)

on

30.06.2013


133 BD. Luggage Ind. 10,000 100 100.00 1,000,000 28.25 282,500

134 Bengal Windsor Thermopla. Ltd. 8,600 10 25.00 215,000 47.80 411,080

135 Beximco Ltd. 117,956 10 102.87 12,134,401 41.70 6,099,561

136 G.Q. Ball Pen Ind. Ltd 288 10 50.71 14,605 141.90 40,867


138 LEXCO Ltd. 12,500 100 3.65 45,582 258.00 3,225,000

139 Mark BD. Shilpa and Eng. 5,000 100 200.00 1,000,000 17.00 85,000


141 Bangladesh Fin. & Inv. Co. Ltd. 321 10 7.42 2,382 22.80 7,319

142 Bangladesh Inds. Finance Co. 38,368 10 7.63 292,706 17.50 671,440

143 Bay Leasing & Investment Ltd. 7,800 10 3.31 25,833 36.30 283,140

144 Delta BRAC Housing Fin. Cor. 12,489 10 4.90 61,222 66.20 826,772

145 First Lease Fin. & Inv. Ltd. 11,845 10 6.83 80,909 35.00 414,575


147 I P D C 1,375 10 17.40 23,919 18.10 24,888


149 Islamic Finance and Investment 2,807 10 4.94 13,880 15.20 42,666

150 National Housing Fin. & Inv. 2,772 10 7.22 20,000 29.90 82,883

151 Peoples Leasing & Fin. Service 77 10 9.19 708 27.90 2,148

152 Phoenix Finance & Inv. Ltd 88,094 10 6.88 605,899 36.80 3,241,859

153 Premier Leasing & Fin. Ser. Ltd. 73,038 10 7.95 580,479 11.20 818,026

154 Union Capital Ltd. 843 10 2.44 2,057 32.20 27,145

155 United Leasing Co. Ltd. 289,089 10 3.63 1,048,051 30.30 8,759,397

156 Uttara Finance & Invest. Ltd 6,036 10 17.70 106,827 77.10 465,376

157 MAQ Enterprises Ltd. 5,000 100 100.00 500,000 37.75 188,750

158 MAQ Paper Industries Ltd. 10,000 100 100.00 1,000,000 42.75 427,500


160 ACI Ltd. 40,852 10 39.95 1,631,851 149.10 6,091,033

161 Active Fine Chemicals Ltd. 3,037 10 5.80 17,609 72.70 220,790


163 Beximco Pharmaceuticals Ltd. 51,388 10 12.20 627,178 52.20 2,682,454

164 Beximco Synthetics Ltd. 40,468 10 5.77 233,508 17.70 716,284

165 Ibne Sina Pharma. Ltd. 15,120 10 8.24 124,553 80.80 1,221,696


167 Keya Cosmetics Ltd. 4,791 10 12.12 58,065 27.90 133,669

168 National Polymer Ltd. 73,134 10 23.10 1,689,578 39.30 2,874,166

169 Orion Pharma Ltd. 51,000 10 60.00 3,060,000 68.50 3,493,500

170 Perfume Chemical Ind. Ltd. 9,450 100 75.79 716,175 70.00 661,500




174 Eastern Housing Ltd. 5,775 10 10.28 59,366 56.90 328,598


176 Unique Hotel & Resorts Ltd. 1,380 10 65.22 90,000 114.10 157,458

177

Sl.


No. of

Shares

Par

Value

(Tk.)

Average

cost price

(Tk.)

per share

on

30.06.2013

Total cost

price (Tk.)

on

30.06.2013

Market

price

(Tk.)

per share

on

30.06.2013

Total market

price (Tk.)

on

30.06.2013

177 Apex Adelchi Footwear Ltd. 900 10 11.10 9,990 251.40 226,260

178 Apex Tannery Ltd. 7,700 10 18.37 141,415 86.70 667,590


180 Paragon Leather & Footwear Ltd. 33,750 100 65.90 2,224,263 16.00 540,000



183 Apex Spinning & Knitting 29,000 10 20.40 591,600 61.70 1,789,300

184 Apex Weaving & Finishing Mills 324,120 10 8.92 2,890,538 15.67 5,078,960

185 Bangladesh Zipper Inds. Ltd. 7,500 100 100.00 750,000 43.75 328,125

186 BD. Dyeing & Finishing Ind. 2,000 100 150.00 300,000 64.25 128,500

187 Chic Tex Ltd. 62,000 10 10.00 620,000 2.70 167,400

188 Delta Spinners Ltd. 370,000 10 6.09 2,254,472 33.00 12,210,000

189 Dulamia Cotton Mills 15,000 10 10.39 155,798 7.90 118,500

190 Eagle Star Textiles Ltd. 16,550 10 15.90 263,145 9.90 163,845


192 Familytex (BD) Ltd. 6,000 10 10.00 60,000 35.90 215,400

193 Generation Next Fashions Ltd. 7,560 10 5.95 45,000 20.80 157,248

194 H.R.Textile Mills Ltd. 7,245 10 4.99 36,170 23.40 169,533

195 M.H.Gmts. Washing & Dying 5,000 100 100.00 500,000 34.75 173,750



198 Mita Textiles Ltd. 660 100 45.78 30,217 61.75 40,755

199 Mithun Knitting and Dye. Ltd. 44,954 10 5.86 263,649 74.60 3,353,568


201 Saiham Textile Mills Ltd. 200 10 1.88 376 28.60 5,720

202 Sajib Knit. & Garments Ltd. 11,600 100 54.24 629,138 37.00 429,200

203 Sonargaon Textiles Ltd. 52,492 10 10.52 552,406 14.20 745,386


205 Sreepur Textile Mills Ltd. 10,350 100 99.70 1,031,850 36.75 380,363

206 Tallu Spinning Mills Ltd. 848,500 10 9.21 7,817,026 28.50 24,182,250

207 The Dacca Dye. & Man .Co .Ltd. 1,766 10 5.66 10,000 30.40 53,686

208 Aramit Cement Ltd. 946 2,500 191.00 180,682 191.00 180,682

209 IBBL Mudaraba Perp. Bond 9,160 1,000 999.93 9,159,370 936.50 8,578,340

210 BD. Welding Electrodes 92 2,500 600.00 55,200 600.00 55,200

211 Globiz Industries Ltd. 526 100 0.00 0 0.00 0

212 Hakkani Pulp Paper Mills 2,000 10 3.45 6,900 17.30 34,600

213 National Housing Fin. & Inv. 1,320 10 10.00 13,200 29.90 39,468

Total 10,012,192 210,793,273 386,961,536

178

Seventh ICB M. Fund



Sl.

No.

Name Of The Company

No. of

Shares

Sold

Cost

price

Per

Share

(Taka)

Selling

Price Per

Share

(Taka)

Total Cost

Price (Taka)

Total Selling

Price (Taka)

Capital Gain

(Taka)

1 AB Bank Ltd. 5,000 0.53 32.90 2,626 164,500 161,875

2 Confidence Cement Ltd. 9,000 35.26 111.92 317,304 1,007,300 689,996

3 Heidelberg Cement Bd. Ltd. 25,000 80.81 271.00 2,020,320 6,775,000 4,754,680

4 Premier Cement Mills Limited 7,800 22.00 110.52 171,600 862,020 690,420

5 Monno Ceramic Industries Ltd. 2,550 18.51 32.03 47,212 81,665 34,453

6 Olympic Industries Ltd. 2,000 2.92 124.25 5,845 248,500 242,655


8 Summit Purban. Power Co Ltd. 138,700 39.87 60.35 5,529,538 8,370,210 2,840,672

9 Titas Gas Trans. & D.C.L 1,000 65.64 83.30 65,638 83,300 17,662


11 Bangladesh Subm. Cable Co. 13,000 35.00 152.12 455,000 1,977,600 1,522,600


13 ICB AMCL Sonali Bank First MF 334,000 10.00 12.48 3,340,000 4,169,100 829,100

14 Bengal Windsor Thermop. Ltd. 8,000 25.00 58.63 200,000 469,000 269,000



17 Orion Pharma Limited 70,500 60.00 73.35 4,230,000 5,171,150 941,150


19 Delta Spinners Ltd. 64,000 8.42 46.42 538,665 2,971,000 2,432,335


21 Familytex (BD) Ltd. 23,000 10.00 45.10 230,000 1,037,200 807,200


23 Mithun Knitting And Dyeing Ltd. 1,000 5.86 85.50 5,865 85,500 79,635

24 Tallu Spinning Mills Ltd. 168,000 9.52 33.70 1,599,573 5,661,000 4,061,427

Total 24,662,998 52,396,455 27,733,457

179

Aóg AvBwmwe wgDPyq¨vj dvÛ Eighth ICB Mutual Fund

jf¨vsk I my Avq

2012-13 A_©eQ‡i dvÛ †gvU 96wU wmwKDwiwUR n‡Z 84.67 j¶ UvKv jf¨vsk I my eve` Avq K‡i‡Q hvi g‡a¨ 75.73 j¶ UvKv (89.00 kZvsk) 30 Ryb 2013 Zvwi‡Li g‡a¨ bM‡` cvIqv hvq| †hLv‡b GB dvÛ 2011-12 A_©eQ‡i jf¨vsk I my eve` Avq K‡iwQj 101.60 j¶ UvKv hvi g‡a¨ bM‡` cvIqv wM‡qwQj 94.98 j¶ UvKv| 2012-13 A_©eQ‡ii †Kv¤úvwb wfwËK jf¨vsk I my Avq Ges cÖvc¨ jf¨vsk I my‡ì we —vwiZ weeiY h_vµ‡g cwiwkó-8.1 Ges cwiwkó-8.2 G †`Lv‡bv n‡q‡Q|


2012-13 A_©eQ‡i G dvÛ 31wU ‡Kv¤úvwbi wmwKDwiwUR weµq K‡i 2011-12 A_©eQ‡ii 492.03 j¶ UvKvi wecix‡Z 495.48 j¶ UvKv g~jabx gybvdv AR©b K‡i‡Q| g~jabx gybvdv AR©‡bi we —vwiZ weeiY cwiwkó 8.4 G †`Lv‡bv n‡q‡Q|




of 96 companies during 2012-13 of which a sum of

Tk. 75.73 lac (89.00 per cent) was received in cash


an amount of Tk. 101.60 lac as dividend and


received in cash. Details of dividend & interest

income and receivables in the FY 2012-13 are

shown in Annex-8.1 and Annex-8.2 respectively.



lac as capital gains against Tk. 492.03 lac earned



Annex -8.4.

Avq e¨q I eÈb‡hvM¨ gybvdv

‡kqvi Ges wW‡eÂvi/e‡Û wewb‡qvM n‡Z jf¨vsk I my eve` Avq 84.67 j¶ UvKv, e¨vsK Avgvb‡Zi Dci my 76.83 j¶ UvKv, g~jabx gybvdv 495.48 j¶ UvKv Ges Ab¨vb¨ Avqmn G dv‡Ûi †gvU Av‡qi cwigvY `vuovq 656.98 j¶ UvKv| ÷vd LiP, eë ’vcbv wd, gy ªY I †ókbvix, WvK I Zvi, AvBwmweÕi mv‡_ cwiPvwjZ PjwZ wnmv‡ei my , e¨vsK PvR©, wewb‡qvM mwÂwZ Ges Ab¨vb¨ LiP eve` †gvU 33.24 j¶ UvKv ev` †`qvi ci dv‡Ûi bxU Avq ùvovq 623.74 j¶ UvKv| c~e©eZ©x eQ‡ii Aew›UZ gybvdv 675.79 j¶ UvKv †hvM Kivi ci 30 Ryb 2013 Zvwi‡L dv‡Ûi bxU e›Ub‡hvM¨ Av‡qi cwigvY `vuovq 1299.53 j¶ UvKv Ges mvwU©wd‡KU cÖwZ e›Ub‡hvM¨ gybvdvi cwigvY ùvovq 25.99 UvKv |





debentures/bonds amounting to Tk. 84.67 lac

interest income of Tk. 76.83 lac as interest on bank


income. After deducting the total expenses of Tk.

33.24 lac incurred as staff expenses, management fee,

printing and stationery, postage and telegram, interest

on current account with ICB, bank charges, provision

against investments and other expenses, the net

income of the Fund stood at Tk. 623.74 lac. Taking

into account the previous years undistributed income

of Tk. 675.79 lac, the Fund had a net distributable

total income of Tk. 1299.53 lac and per certificate

income of Tk. 25.99 as on 30 June 2013.

jf¨vsk

Av‡jvP¨ dvÛ 2012-13 A_©eQ‡i cÖwZwU 10.00 UvKv g~j¨gv‡bi mvwU©wd‡K‡Ui Rb¨ 110 kZvsk nv‡i jf¨vsk †NvlYv K‡i‡Q hv c~e©eZx© eQ‡i wQj 100 kZvsk| jf¨vsk cÖ v‡bi Rb¨ †gvU 550.00 j¶ UvKvi ms ’vb ivLvi ci dv‡Û 749.53 j¶ UvKv Aew›UZ gybvdv _v‡K| mviYx-8.1 G dv‡Ûi eQiIqvix jf¨vs‡ki nvi cÖ wk©Z njt

Dividend

The Fund declared dividend at the rate of Tk. 110


2012-13, which was Tk. 100 percent per certificate


550.00 lac for payment of dividend the Fund had an

undistributed income of Tk. 749.53 lac The Year-


Table- 8.1:

180

Table- 8.1: Year-wise dividend performance


1996-97

1997-98

1998-99

1999-00

2001-01

2001-02

2002-03

2003-04

18.00

12.00

12.00

12.50

13.00

13.50

13.50

14.00

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

15.00

15.00

18.00

25.00

32.00

65.00

90.00

100.00

110.00

cÎ‡Kvl

2012-13 A_©eQ‡i G dvÛ wewfbœ LvZwfwËK wmwKDwiwUR-mg~‡n 636.15 j¶ UvKv wewb‡qvM Kiv n‡q‡Q| 30 Ryb 2013 Zvwi‡L G dv‡Ûi cÎ‡Kv‡l 2507.33 j¶ UvKv µqg~‡jï 183 wU ‡Kv¤úvwb Ges 23 wU wgDPy qvj dv‡Ûi wmwKDwiwUR wQj hvi evRvi g~j¨ wQj 4211.44 j¶ UvKv| 30 Ryb 2013 Zvwi‡L dv‡Ûi cÎ‡Kv‡li we —vwiZ weeiY cwiwkó-8.3 G cÖ wk©Z n‡q‡Q|

30 Ryb 2013 Zvwi‡L cÖwZwU 10.00 UvKv g~j¨gv‡bi Aóg AvBwmwe wgDPyq¨vj dvÛ mvwU©wd‡K‡Ui jf¨vsk cieZx© bxU m¤ú`g~j¨ ùvovq 59.07 UvKv|

XvKv ÷K G·‡PÄ wjt-G 2012-13 A_©eQ‡i 10.00 UvKv g~j¨gv‡bi Aóg AvBwmwe wgDPyq vj dv‡Ûi mvwU©wd‡KU cÖwZ cÖviw¤¢K I mgvcYx evRvig~j¨ wQj h_vµ‡g 50.20 UvKv I 68.40 UvKv|

30 Ryb 2013 Zvwi‡L dv‡Ûi mvwU©wd‡KU ‡nvìvi‡ì msL v wQj 5795 Rb|

Portfolio

During 2012-13, the Fund invested of Tk. 636.15

lac in securities of different sectors. As on 30 June



Tk. 2507.33 lac, the market value of which was Tk.

4211.44 lac. Details of the portfolio of the Fund as

on 30 June 2013 are given in Annex-8.3


Eighth ICB Mutual Fund of Tk.10.00 each stood at

Tk. 59.07 as on 30 June 2013.

During 2012-13 the opening and closing market price

per certificate of Tk.10.00 each of the Eighth ICB

Mutual Fund was Tk. 50.20 and Tk. 68.40 respectively

at DSE.

The number of certificate holders of the Fund was 5795

as on 30 June 2013.

181

AUDITORS’ REPORT to the Certificate Holders’ of Eighth ICB Mutual Fund

We have audited the accompanying Financial Statements of Eighth ICB Mutual Fund (the “Fund”)


Income, Statement of changes in equity, Statement of cash flows for the year ended, and a summary of

significant accounting policies and other explanatory information.




management determines is necessary to enable the preparation of these financial statements of the

Fund that are free from material misstatement, whether due to fraud or error.



audit. We conducted our audit in accordance with Bangladesh Standards on Auditing. Those standards

require that we comply with ethical requirements and plan and perform the audit to obtain reasonable

assurance about whether the financial statements of the Fund are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in

the financial statements. The procedures selected depend on our judgment, including the assessment of

the risks of material misstatement of the financial statements of the Fund, whether due to fraud or

error. In making those risk assessments, we consider internal control relevant to the entity’s

preparation and fair presentation of the financial statements of the Fund in order to design audit

procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion

on the effectiveness of the entity’s internal control. An audit also includes evaluating the



We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for

our audit opinion.

Opinion





year ended 30 June 2013 and comply with the ICB Ordinance 1976, the Mutual Fund Regulations

1993, the Securities and Exchange Rules 1987 and other applicable laws and regulations.

182

Emphasis of matter


requirements of BAS/BFRS due to considering volatile stock market scenario and conservative policy

of fund management. Our opinion is not qualified in this matter.












Dhaka, 29 July 2013

183

Investment Corporation of Bangladesh Eighth ICB Mutual Fund

Statement of Financial Position as at June 30, 2013

Notes

Amount in Taka

30-Jun-13 30-Jun-12

Assets


Cash at Bank 5 81,800,292 100,296,318

Dividend and Interest Receivable 6 1,825,906 1,593,347

Receivable Installments of Investments 7 4,956,376 4,956,376


Other Receivables 8 - 1,484,933

Total Assets 349,315,611 330,771,757

Liabilities



Provision for Dividend & Interest Receivable 11 2,113,758 2,113,758


Provision for possible Fluctuation of Investment 13 64,585,000 64,585,000



Net Assets 179,952,753 167,578,644


Capital Fund 15 50,000,000 50,000,000


179,952,753 167,578,644

Net Asset Value (NAV) Per Share :










K. M. Alam & Co. Syful Shamsul Alam & Co. Chartered Accountants Chartered Accountants Dhaka, 29 July 2013

184



Notes

Amount in Taka

30-Jun-13 30-Jun-12

Income





Others 19 - -

65,697,995 69,110,530

Expenses

Staff Expenses 20 794,528 496,075

Management Fee 21 500,000 500,000

Listing Fee 22 60,000 60,000

Audit Fee 14,500 15,000





Others 23 456,208 428,206

Total Expenses 3,323,886 1,647,494


Provision:



- 2,600,000



Distributable Income Carried to Balance Sheet 129,952,753 117,578,644




Chairman Managing Director Director Director As per our report of same date



Dhaka, 29 July 2013

185


Statement of Cash Flows for the year ended June 30, 2013

Particulars

Amount in Taka

30-Jun-13 30-Jun-12



Adjustment for:


Dividend and Interest Receivable (232,559) 1,225,784

Other Liabilities 663,542 3,197,783



Other Receivables 1,484,933 1,655,067


Cash Flows from Financial Activities:

Dividend Paid (42,600,434) (37,130,535)

Tax at Source (1,891,730) (1,758,566)


Net Increase/(Decrease) in Cash (18,496,026) 2,061,332






Dhaka, 29 July, 2013

186

Eighth ICB Mutual Fund


Particulars Capital

Fund General Reserve

Distributable

Income Total

Balance as at 01 July 2011 50,000,000 - 97,715,608 147,715,608


Dividends (45,000,000) (45,000,000)

Balance as at 30 June 2012 50,000,000 - 117,578,643 167,578,643

Net profit for the period - - 62,374,110 62,374,110

Dividends (50,000,000) (50,000,000)

Balance as at 30 June 2013 50,000,000 - 129,952,753 179,952,753




Dhaka, 29 July 2013

187



as at and for the year ended 30 June 2013







Keeping in line with these objectives, the Eighth ICB Mutual Fund (the Fund) was established in June 1987,




The business of the Fund is to mobilize savings from the investors by way of selling certificates and

investing the funds in securities so as to ensure maximum return for certificate holders. This is a close-end

Fund invested in securities as a single account. Income, net of expenses, is distributable to certificate holders

on a yearly basis.


2.1 Statement of compliance

The financial statements have been accordance with Bangladesh Accounting Standards (BAS) and




2.2 Basis of accounting


2.3 Functional and presentation currency



2.4 Use of estimates and judgments



expenses.

188

2.5 Reported period





(i) Shares and redeemable value of debentures are stated at average cost price for purchases from primary

and secondary markets.

(ii) Profit / Loss on sale of shares is accounted for based on difference between average cost price and

selling price.




3.2 Taxation

The Fund’s income is exempted from income tax vide Ministry of Finance SRO no. 88-L/80 of

01 April 1980.

3.3 Cash and Bank


3.4 General:







189

Amount in Taka

30-Jun-13 30-Jun-12

4. Investments at Cost 250,733,037 222,440,783

The market value of investments was Tk. 421,144,083.50 at the close of business on June 30, 2013



5. Cash at Bank















IFIC Bank (Motijheel Branch), Current A/c-88936 (2,284,951) 27,141



Total: 81,800,292 100,296,318

6. Dividend and Interest on Debenture Receivable


Interest on Debenture Receivable for more than one year 502,710 502,710

Dividend Receivable for less than one year 894,715 662,156

Total: 1,825,906 1,593,347

6.1 Movement of Dividend and Interest Receivable


Add: Receivable During the Year 894,715 662,156



(See Annexure-B for details)

7. Installments Receivable on Debenture 4,956,376 4,956,376

190

Amount in Taka

30-Jun-13 30-Jun-12

8. Other Receivables



Less: Adjustment During the Year (1,484,933) (3,140,000)


Interest receivable from 3 months term deposit maintained with Investment Corporation of Bangladesh @ 13%.

9. Accrued Expenses

Audit Fee 14,500 15,000



49,525 51,158

10. Unclaimed Dividend

Opening balance 25,656,626 19,545,727

Add : Dividend Declared During the Year 50,000,000 45,000,000




Less: Tax deducted at source During the Year (1,891,730) (1,758,566)

Closing Balance 31,164,462 25,656,626

11. Provision for Dividend on securities Receivable 2,113,758 2,113,758

12. Provision for Loss on Value of Investments

Opening balance 64,323,283 64,323,283


Closing Balance 64,323,283 64,323,283

13. Provision for possible Fluctuation of Investment

Opening Balance 64,585,000 61,985,000

Add: Provision made During the Year - 2,600,000

Closing Balance 64,585,000 64,585,000

14. Other Liabilities


Add: Addition During the Year 663,542 1,883,153



15. Capital Fund 50,000,000 50,000,000


16. Distributable Income

Opening Balance 117,578,644 97,715,608


67,578,644 52,715,608

Add: Net Income 62,374,109 64,863,036

Closing Balance 129,952,753 117,578,644

191

Amount in Taka

30-Jun-13 30-Jun-12

17. Dividend & Interest Earned

Dividend 8,467,356 10,062,003

Interest - 97,500

Total: 8,467,356 10,159,503


18. Interest on Bank Deposits


IFIC Bank Ltd. 1,722,260 620,131

ICB 5,957,593 8,629,706

UCBL - 495,000

Total: 7,683,097 9,747,864

19 Other Income - -


20 Staff Expenses

Basic Salary 286,011 205,172



Other Allowance (Note no.-20a) 276,012 150,443

794,528 496,075

20a Other Allowance


Overtime 1,500 -




Pension 48,292 34,879

Children Allowance 1,600 1,675




276,012 150,443

21. Management Fee 500,000 500,000

Management fee at the rate of one percent on capital fund is paid to ICB for management services

and support received from the Corporation as per the decision of the Board of Directors.

22. Listing Fee



60,000 60,000

23. Others Expenses




CDBL Charge 160,066 183,441


Advertisement expenses 49,590 18,320

Total 456,208 428,206

192

24. Disclosure of deviations from few requirements of BAS/BFRS

There have been few deviations from the requirements of BAS/BFRS which are shown below along

with financial impact where applicable:

(a) Investments in quoted and unquoted shares are revalued at year-end at cost price. However,

adequate provision are kept when market value is lower than cost price. Investments have not been

accounted in market value (MV) which is a very newly adopted accounting standard in Bangladesh.

In the Financial Statement this standard has not been considered due to volatile stock market

scenario, conservative policy of fund management and prevailing dividend policy of mutual fund. At

the year-end market value (for quoted shares) and book value (for unquoted shares) are higher than

cost price by Tk. 170,411,046.50.


considering overall decrease in the value of investment. The fund maintains both provision for loss

on value of investment and provision for possible price fluctuation which is shown in Statement of

financial Position under liabilities amounting to Tk. 64,323,283.00 and Tk. 64,585,000.00

respectively.



prudent in risk management which is evident from steady growth of the fund. The fund is not

exposed to any foreign currency and interest rate risk.

25. Event after the reporting date

The Board of Directors of Investment Corporation of Bangladesh declared cash dividend of Tk. 11




193

Eighth ICB Mutual Fund Statement of Dividend & Interest Income for FY-2012-13


SL.


No. of

Shares

Held

Par Value

(Tk.)

Rate of

Dividend

Declared

(%)

Amount of

Dividend

Received (Tk.)


2 ACI Ltd. 21,024 10 80.00 168,192.00


4 Apex Spinning & Knitting Mills Ltd. 1,800 10 18.00 6,293.94

5 Apex Tannery Ltd. 5,000 10 35.00 17,500.00

6 Aramit Ltd. 5,100 10 50.00 25,500.00


8 Bangladesh Gen. Insurance Co. Ltd. 67,166 10 16.00 107,465.60




12 Bata Shoe Co. (BD) Ltd. (Interim) 500 10 170.00 8,500.00

13 BATBC 225 10 400.00 9,000.00

14 BATBC (Interim) 225 10 100.00 2,250.00


16 BSRM Steels Ltd. 21,880 10 10.00 21,880.00




20 DESCO 19,366 10 10.00 13,910.56


22 Dutch-Bangla Bank Ltd. 4,920 10 40.00 19,680.00

23 Eastern Bank Ltd. 37,383 10 20.00 74,766.00





28 Eastern Lubricants Ltd. 2,850 10 30.00 8,550.00

29 EBL First Mutual Fund 86,000 10 10.00 86,000.00


31 Fareast Islami Life Insurance 2,000 10 12.50 2,500.00

32 GBB Power Ltd. 62,400 10 5.00 31,200.00

33 Gemini Sea Food Ltd. 1,390 10 15.00 1,575.00


35 Golden Son Ltd. 275 10 5.00 137.50


37 Grameenphone Ltd. (Interim) 70,000 10 90.00 630,000.00


39 Green Delta Ins. Co. Ltd. 3,625 10 15.00 5,437.50

194

SL.


No. of

Shares

Held

Par Value

(Tk.)

Rate of

Dividend

Declared

(%)

Amount of

Dividend

Received (Tk.)




43 Ibne Sina Pharmaceuticals Ltd. 9,000 10 15.00 13,500.00

44 ICB AMCL First M.F. 20,000 10 100.00 200,000.00

45 ICB AMCL First NRB M.F. 50,000 10 37.00 185,000.00

46 ICB AMCL Second M.F. 307,000 10 5.00 153,500.00

47 ICB AMCL Second NRB M.F. 120,000 10 23.00 276,000.00


49 IFIC Bank First M.F. 40,500 10 5.00 20,250.00

50 International Leasing & Finance Services Ltd 10,878 10 5.00 5,439.00

51 IPDC 11 10 10.00 11.00


53 Jamuna Bank Ltd. 72,570 10 14.00 101,598.00

54 Jamuna Oil Co. Ltd. 11,380 10 45.00 51,210.00


56 Linde Bangladesh Ltd.(Interim) 16,050 10 200.00 321,000.00






62 National Bank Ltd. 1,203 10 6.00 721.80

63 Nitol Insurance Co. Ltd. 9,525 10 10.00 9,525.00

64 Olympic Industries Ltd. 5,355 10 10.00 5,355.00

65 One Bank Ltd. 26,468 10 5.00 13,234.00


67 Orion Pharma Ltd. 59,000 10 20.00 118,000.00


69 Phoniex Finance First M.F. 32,500 10 5.00 16,250.00


71 Power Grid Co. Ltd. 99,250 10 10.00 99,250.00


73 Prime Bank First ICB M.F. 64,000 10 5.00 32,000.00

74 Prime Bank Ltd. 95,760 10 10.00 95,760.00

75 Prime Finance First M.F. 7,500 10 10.00 7,500.00


77 Pubali Bank Ltd. 32,682 10 10.00 32,682.00

78 RAK Ceramics Ltd. 62,076 10 15.00 93,114.00



81 Reliance Insurance Co. Ltd. 11,730 10 15.00 17,595.00

195

SL.


No. of

Shares

Held

Par Value

(Tk.)

Rate of

Dividend

Declared

(%)

Amount of

Dividend

Received (Tk.)

82 Saiham Textile Mills Ltd. 13,500 10 15.00 20,250.00




86 Square Textiles Ltd. 10,182 10 18.00 18,327.60




90 Trust Bank First M.F. 196,500 10 5.00 98,250.00



93 United Insurance Co. Ltd. 21,098 10 7.50 15,823.50


95 Uttara Finance & Investment Ltd. 13,064 10 20.00 26,128.00


Total : 4,101,412 8,467,356.10

196



cwiwkó-8.2

Annexure-8.2

SL.


No. of

Shares Held

Par Value

(TK.)

Rate of

Dividend

Declared (%)

Amount

Receivable

(TK.)


1 Anlima Yarn Dyeing Ltd. 67,050.00

2 Anlima Yarn Dyeing Ltd. 510.00

3 Apex Weaving & Finishing Mills Ltd. 212.50

4 Bangladesh Zipper Ind. Ltd. 6,900 100 3.00 17,595.00

5 BD Luggage 2,150 100 3.00 5,482.50

6 BD. Zipper 6,900 100 5.00 29,325.00

7 Chic Tex Ltd. 135,300 10 3.00 34,501.50

8 Delta Millers Ltd. 10,660 100 10.00 42,500.00


10 Eastern Cables Ltd. 100 100 10.00 1,000.00


12 M.H. Garments Washing. 10,000 100 5.00 42,500.00

13 Meghna Shrimp Culture Ltd. 3,320 100 12.00 33,864.00

14 Singer BD Ltd. 300 100 35.00 10,500.00

15 Beximco Pharmachutical Ltd. 91,032 10 10.00 1,564.00

16 First Lease Fin. & Investment Ltd. 1,226 100 10.00 6,776.00

17 Shinpukur Ceramics Ltd. 600 10 10.00 100.00

Total (A) : 428,480.50

B. Interest Receivable for more than one year


2 Aramit Cement Ltd. 730 999.00 14.00 51,100.00





7 Bangladesh Welding Ltd. 92 1,800.00 14.00 12,420.00





12 Bangladesh Welding Ltd. 92 800.00 15.00 5,520.00



197

SL.


No. of

Shares Held

Par Value

(TK.)

Rate of

Dividend

Declared (%)

Amount

Receivable

(TK.)




Total (B) : 502,710.30


1 Pubali Bank Ltd. 32,682 10 10.00 32,682.00


3 Nitol Insurance Co. Ltd. 9,525 10 10.00 9,525.00


5 Reckitt Benckiser (BD) Ltd. 5,800 10 150.00 87,000.00

6 Aramit Ltd. 5,100 10 50.00 25,500.00




12 ACI Ltd. 21,024 10 80.00 168,192.00



15 Square Textiles Ltd. 10,182 10 18.00 18,327.60


22 National Bank Ltd. 1,203 10 6.00 721.80





28 Golden Son Ltd. 275 10 5.00 137.50




32 Orion Pharma Ltd. 59,000 10 20.00 118,000.00

Total (C) : 894,714.70

Grand Total: (A+B+C): 1,825,905.50

198

Eight ICB Mutual Fund

Individual Portfolio Report cwiwkó-8.3

Annexure-8.3

Sl.

No.


Shares

Par

Value

(Tk.)

Average

cost price

(Tk.)

per share

on

30.06.2013

Total cost

price (Tk.)

on 30.06.2013

Market

price

(Tk.)

per share

on

30.06.2013

Total market

price (Tk.)

on 30.06.2013

1 AB Bank Ltd. 100,112 10 15.56 1,557,407.15 28.20 2,823,158.40

2 AL-Arafah Islami Bank Ltd. 6,465 10 9.88 63,842.28 15.90 102,793.50

3 Bank Asia Ltd. 85,826 10 20.54 1,762,458.55 19.30 1,656,441.80

4 BRAC Bank Ltd. 29,058 10 10.64 309,211.45 29.90 868,834.20

5 Dhaka Bank Ltd. 16,485 10 3.91 64,507.10 23.90 393,991.50

6 Dutch Bangla Bank Ltd. 4,920 10 1.52 7,500.00 101.10 497,412.00

7 Eastern Bank Ltd. 37,383 10 33.53 1,253,353.60 27.00 1,009,341.00

8 Exim Bank of Bangladesh Ltd. 18,185 10 7.75 140,989.25 14.10 256,408.50

9 First Security Islami Bank Ltd. 151,664 10 7.19 1,089,873.79 13.80 2,092,963.20

10 I.F.I.C. Bank Ltd. 189,560 10 34.69 6,576,411.65 21.90 4,151,364.00

11 Islami Bank Ltd. 339,606 10 14.59 4,956,004.42 38.30 13,006,909.80

12 Jamuna Bank Ltd. 72,570 10 27.38 1,986,700.00 15.80 1,146,606.00


14 Mutual Trust Bank Ltd. 86,306 10 26.62 2,297,098.14 17.10 1,475,832.60

15 N C C Bank Ltd. 96,817 10 2.76 267,575.56 13.30 1,287,666.10


17 One Bank Ltd. 30,438 10 0.46 14,049.07 15.80 480,920.40

18 Premier Bank Ltd. 24,605 10 2.93 72,195.25 12.30 302,641.50

19 Prime Bank Ltd. 105,336 10 38.65 4,070,825.00 28.20 2,970,475.20

20 Pubali Bank Ltd. 32,682 10 2.79 91,145.60 32.00 1,045,824.00

21 Shahjalal Islami Bank Ltd. 261,240 10 2.85 743,949.46 18.80 4,911,312.00


23 Southeast Bank Ltd. 124,677 10 11.32 1,411,326.07 16.90 2,107,041.30

24 Standard Bank Ltd. 166,609 10 7.79 1,297,149.16 16.30 2,715,726.70

25 Trust Bank Ltd. 215,219 10 12.28 2,643,533.59 21.90 4,713,296.10


27 Heidelberg Cement Bd. Ltd. 25,810 10 76.36 1,970,936.44 335.00 8,646,350.00


29 M.I. Cement Factory Ltd. 15,000 10 82.85 1,242,800.00 90.50 1,357,500.00



32 Bengal Fine Ceramics Ltd. 450 100 100.89 45,400.00 60.00 27,000.00

33 Fu-Wang Ceramics Ind. Ltd. 9,405 10 14.38 135,250.59 19.50 183,397.50

34 Monno Ceramic Industries Ltd. 5,260 10 15.73 82,727.30 27.80 146,228.00

35 RAK Ceramics (BD) Ltd. 68,283 10 46.06 3,145,400.00 52.20 3,564,372.60

36 Shinepukur Ceramics Ltd. 31,395 10 61.58 1,933,180.62 20.20 634,179.00

37 Standard Ceramic Ltd. 1,050 10 13.81 14,505.55 31.90 33,495.00

38 Aftab Automobiles Ltd. 12,556 10 81.34 1,021,288.75 121.30 1,523,042.80

39 BSRM Steels Ltd. 22,974 10 10.24 235,204.30 80.00 1,837,920.00

40 Eastern Cables Ltd. 8,900 10 31.95 284,317.42 55.40 493,060.00

41 Golden Son Ltd. 275 10 20.91 5,750.00 43.10 11,852.50


43 Olympic Industries Ltd. 7,032 10 2.95 20,765.10 167.60 1,178,563.20

199

Sl.


No. of

Shares

Par

Value

(Tk.)

Average

cost price

(Tk.)

per share

on

30.06.2013

Total cost

price (Tk.)

on

30.06.2013

Market

price

(Tk.)

per share

on

30.06.2013

Total market

price (Tk.)

on 30.06.2013

44 Rangpur Foundry Ltd 1,500 10 10.00 15,000.00 60.80 91,200.00

45 Wonderland Toys Ltd. 2,700 100 100.00 270,000.00 68.25 184,275.00

46 B A T B C 250 10 121.69 30,421.40 1,065.30 266,325.00

47 Bangas Ltd. 2,531 10 6.84 17,303.33 456.80 1,156,160.80

48 Dhaka Vegetable Oil Inds. Ltd. 190 100 90.00 17,100.00 23.00 4,370.00

49 Fine Foods Ltd. 33 10 0.00 0.00 16.70 551.10

50 Fu-Wang Foods Ltd. 2,031 10 8.73 17,728.65 26.50 53,821.50

51 Gemini Sea Food Ltd. 1,050 10 15.98 16,775.80 158.90 166,845.00


53 Meghna Shrimp Ltd. 3,320 100 82.89 275,185.00 115.75 384,290.00

54 Meghna Vegetable Oil Ind. Ltd. 4,350 100 90.61 394,150.00 33.25 144,637.50

55 Rangpur Dairy & Food Prod Ltd. 2,464 10 14.61 36,000.00 20.30 50,019.20

56 Raspit Inc. (BD) Ltd. 3,100 10 87.10 270,000.00 2.10 6,510.00

57 Bangladesh Wel. Electrodes Ltd. 987 10 9.42 9,300.00 18.80 18,555.60

58 Dhaka Electric Supply Co. Ltd. 22,208 10 19.30 428,529.57 89.70 1,992,057.60

59 Eastern Lubricants Ltd. 2,850 10 107.54 306,491.80 301.30 858,705.00

60 GBB Power Ltd. 78,000 10 32.00 2,496,000.00 29.30 2,285,400.00

61 Jamuna Oil Co. Ltd. 14,794 10 70.85 1,048,199.98 229.10 3,389,305.40

62 Linde Bangladesh Ltd. 16,050 10 130.17 2,089,215.73 581.40 9,331,470.00


64 MJL Bangladesh Ltd. 6,600 10 78.83 520,310.00 77.70 512,820.0073

65 Power Grid Co. Bd. Ltd. 116,675 10 46.14 5,383,613.45 63.50 7,408,862.5074

66 Summit Power Ltd. 54,787 10 44.98 2,464,493.62 39.80 2,180,522.6075

67 Summit Purbanchol Power Co Ltd 4,630 10 30.77 142,461.60 72.30 334,749.0076

68 Titas Gas Transmission & D.C.L 129,470 10 63.32 8,198,338.48 82.20 10,642,434.0077

69 Aamra Technologies Ltd. 1,200 10 20.00 24,000.00 40.60 48,720.0078

70 Agni Systems Ltd. 73 10 0.00 0.00 23.10 1,686.3079

71 Bangladesh Subm. Cable Co. Ltd. 52,170 10 136.49 7,120,930.00 231.00 12,051,270.0080

72 BDCOM Online Ltd. 513 10 10.66 5,467.90 20.90 10,721.70

73 Intech Online Ltd. 2,835 10 5.12 14,527.55 15.70 44,509.50




77 Bangladesh Gen. Insurance Co. 66,926 10 11.88 795,236.89 30.00 2,007,780.00

78 City General Insurance Co. Ltd 72,505 10 9.30 673,954.19 26.80 1,943,134.00

79 Continental Insurance Ltd. 37,884 10 9.07 343,669.14 28.60 1,083,482.40

80 Dhaka Insurance Ltd. 13,750 10 0.00 -0.10 42.40 583,000.00

81 Eastern Insurance Co. Ltd. 37,096 10 17.18 637,130.00 35.70 1,324,327.20

82 Eastland Insurance Co. Ltd. 57,829 10 3.47 200,818.38 44.40 2,567,607.60

83 Fareast Islami Life Insurance 2,500 100 157.60 394,000.00 119.80 299,500.00

84 Global Insurance Ltd. 18,849 10 12.96 244,341.06 34.20 644,635.80

85 Green Delta Insurance Co. Ltd. 4,168 10 94.70 394,690.00 90.10 375,536.80


87 Mercantile Insurance Co. Ltd. 56,232 10 14.81 832,956.36 25.80 1,450,785.60

88 Nitol Insurance Co. Ltd. 9,525 10 23.55 224,350.00 35.60 339,090.00

89 Northern Gen. Insurance Co. Ltd. 6,736 10 5.94 40,000.00 43.90 295,710.40


200

Sl.


No. of

Shares

Par

Value

(Tk.)

Average

cost price

(Tk.)

per share

on

30.06.2013

Total cost

price (Tk.)

on

30.06.2013

Market

price

(Tk.)

per share

on

30.06.2013

Total market

price (Tk.) on

30.06.2013

91 Paramount Insurance Co. Ltd. 41,349 10 8.46 349,804.23 24.00 992,376.00

92 Phoenix Insurance Co. Ltd. 21,866 10 2.76 60,438.91 42.10 920,558.60

93 Pioneer Insurance Co. Ltd. 5,330 10 12.96 69,087.90 67.50 359,775.00


95 Prime Insurance Co. Ltd. 80,218 10 8.40 673,596.55 33.30 2,671,259.40



98 Reliance Insurance Co. Ltd 12,893 10 3.77 48,600.00 70.80 912,824.40


100 Rupali Insurance Co. Ltd 159,001 10 9.97 1,585,627.84 33.70 5,358,333.70


102 Sandhani Life Insurance Co. Ltd 47,166 10 0.53 25,000.00 80.10 3,777,996.60

103 Sonar Bangla Insurance Ltd. 40,711 10 9.98 406,266.50 24.50 997,419.50




107 United Insurance Ltd. 23,248 10 4.17 96,879.08 51.90 1,206,571.2011

108 Al-Arafah Bank First M Fund 959 10 0.00 0.00 7.00 6,713.00



111 Exim Bank First Mutual Fund 100,000 10 10.00 1,000,000.00 10.00 1,000,000.00

112 FAS Finance and Inv. Ltd. 89,418 10 10.53 941,162.04 17.00 1,520,106.00

113 First Janata Bank Mutual Fund 146,000 10 9.37 1,368,700.00 6.80 992,800.00



116 ICB AMCL First Mutual Fund 20,000 10 10.00 200,000.00 45.80 916,000.00

117 ICB AMCL First NRB M Fund 50,000 10 10.00 500,000.00 27.40 1,370,000.00

118 ICB AMCL Second Mutual Fund 307,000 10 11.64 3,573,250.00 6.90 2,118,300.00

119 ICB AMCL Second NRB M.F. 120,000 10 10.00 1,200,000.00 13.20 1,584,000.00

120 ICB AMCL Sonali Bank First MF 516,500 10 10.00 5,165,000.00 10.50 5,423,250.00

121 ICB AMCL Third NRB M Fund 167,000 10 9.60 1,603,500.00 6.20 1,035,400.00

122 ICB Employees Prov.M.F.One:S.O 216,500 10 9.98 2,159,600.00 7.30 1,580,450.00

123 IFIC Bank First MF 40,500 10 10.00 405,000.00 8.60 348,300.00

124 IFIL Islamic Mutual Fund-1 196,000 10 8.84 1,731,800.00 5.80 1,136,800.00

125 MBL First Mutual Fund 85,500 10 10.00 855,000.00 6.50 555,750.00


127 Phoenix Finance First MF 32,500 10 10.00 325,000.00 6.60 214,500.00

128 Popular Life First Mutual Fund 166,000 10 10.00 1,660,000.00 7.30 1,211,800.00

129 Prime Bank First IAMCL M Fund 64,000 10 9.38 600,600.00 7.10 454,400.00

130 Prime Finance First Mutual Fund 7,500 10 10.00 75,000.00 18.90 141,750.00

131 Trust Bank First Mutual Fund 196,500 10 12.12 2,382,166.40 9.90 1,945,350.00

132 Aramit Ltd. 5,100 10 35.43 180,693.45 210.70 1,074,570.00

133 Bangladesh Shipping Corp. Ltd. 5,200 100 500.00 2,600,000.00 447.25 2,325,700.00

134 BD. Luggage Ind. 2,150 100 119.95 257,900.00 28.25 60,737.50

135 Bengal Windsor Thermoplastics Ltd. 6,400 10 25.00 160,000.00 47.80 305,920.00

136 Beximco Ltd. 112,388 10 101.98 11,461,614.18 41.70 4,658,708.40

137 G.Q. Ball Pen Ind. Ltd. 144 10 50.89 7,328.00 141.90 20,433.60

201

Sl.


No. of

Shares

Par

Value

(Tk.)

Average

cost price

(Tk.)

per share

on

30.06.2013

Total cost

price (Tk.)

on

30.06.2013

Market

price

(Tk.) per

share on

30.06.2013

Total market

price (Tk.) on

30.06.2013


139 Mark BD. Shilpa and Eng. 10,895 100 200.00 2,179,000.00 17.00 185,215.00

140 Miracle Industries Ltd. 927 10 5.77 5,350.00 12.20 11,309.40


142 Bangladesh Ind. Finance Co. 28,281 10 8.85 250,259.42 17.50 494,917.50


144 Delta BRAC Housing Finance Cor. 13,639 10 4.89 66,722.40 66.20 902,901.80



147 I P D C 11 10 32.65 359.11 18.10 199.10

148 Intl. Leasing & Fin. Services Ltd. 518 10 3.35 1,737.59 17.30 8,961.40

149 Islamic Finance and Inv. Ltd. 2,807 10 4.94 13,880.00 15.20 42,666.40

150 Lankabangla Finance Ltd. 2,970 10 5.64 16,740.00 59.70 177,309.00

151 Peoples Leasing & Fin. Ser. Ltd. 77 10 9.22 709.64 27.90 2,148.30

152 Phoenix Finance & Inv. Ltd. 115,893 10 7.33 849,523.36 36.80 4,264,862.40

153 Premier Leasing & Fin. Ser. Ltd. 95,416 10 8.64 824,857.77 11.20 1,068,659.20


155 Uttara Finance & Invest. Ltd 57,370 10 57.89 3,320,942.79 77.10 4,423,227.00

156 MAQ Enterprises Ltd. 10,675 100 99.71 1,064,450.00 37.75 402,981.25

157 MAQ Paper Industries Ltd. 11,920 100 142.07 1,693,495.00 42.75 509,580.00


159 ACI Ltd. 25,228 10 39.11 986,580.25 149.10 3,761,494.80



162 Beximco Pharmaceuticals Ltd. 129,591 10 15.09 1,955,182.85 52.20 6,764,650.20

163 Beximco Synthetics Ltd. 1,276 10 4.28 5,462.86 17.70 22,585.20

164 Ibne Sina Pharma. Ltd. 10,800 10 21.20 228,934.33 80.80 872,640.00


166 Orion Infusions Ltd. 54,600 10 13.28 724,867.19 42.40 2,315,040.00

167 Orion Pharma Ltd. 45,000 10 60.00 2,700,000.00 68.50 3,082,500.00

168 Perfume Chemical Ind. Ltd. 8,000 100 80.45 643,637.50 70.00 560,000.00

169 Reckitt Benckiser (BD) Ltd. 5,800 10 140.39 814,256.10 681.80 3,954,440.00



172 Wata Chemicals Ltd. 30,900 10 24.03 742,445.66 27.00 834,300.00

173 Eastern Housing Ltd. 26,092 10 11.06 288,705.39 56.90 1,484,634.80

174 Samarita Hospital Ltd. 15,946 10 10.42 166,187.50 73.90 1,178,409.40



177 Apex Tannery Ltd. 5,000 10 18.44 92,222.00 86.70 433,500.00

178 Bata Shoes (BD) Ltd. 500 10 98.48 49,240.00 557.90 278,950.00

179 Excelsior Shoes Ltd. 25,000 100 84.65 2,116,225.00 69.25 1,731,250.00

180 Paragon Leather & Footwear Ltd 50,350 100 53.55 2,696,100.00 16.00 805,600.00



183 Apex Spinning & Knit. Mills. Ltd. 1,600 10 20.19 32,311.30 61.70 98,720.00

184 Apex Weaving & Fin. Mills Ltd. 268,050 10 9.27 2,484,314.60 15.67 4,200,343.50

202

Sl.


No. of

Shares

Par

Value

(Tk.)

Average

cost price

(Tk.)

per share

on

30.06.2013

Total cost

price (Tk.)

on 30.06.2013

Market

price

(Tk.) per

share on

30.06.2013

Total market

price (Tk.)

on 30.06.2013

185 Bangladesh Zipper Ind. Ltd. 8,900 100 92.50 823,209.50 43.75 389,375.00

186 Chic Tex Ltd. 135,300 10 10.00 1,353,000.00 2.70 365,310.00

187 Delta Spinners Ltd. 30,000 10 5.85 175,573.46 33.00 990,000.00


189 Familytex (BD) Ltd. 4,000 10 10.00 40,000.00 35.90 143,600.00


191 H.R. Textile Mills Ltd. 12,421 10 6.43 79,844.53 23.40 290,651.40

192 M.H. Garments Washing & Dying 10,000 100 100.00 1,000,000.00 34.75 347,500.00



195 Mita Textiles Ltd. 7,700 100 84.60 651,450.00 61.75 475,475.00


197 Safko Spinning Mills Ltd. 2,929 10 9.73 28,500.00 17.90 52,429.10

198 Saiham Textile Mills Ltd. 13,500 10 4.87 65,703.79 28.60 386,100.00

199 Sajib Knitwear & Garments Ltd. 17,900 100 44.09 789,212.50 37.00 662,300.00

200 Square Textiles Ltd 11,709 10 4.97 58,150.00 88.30 1,033,904.70

201 Tallu Spinning Mills Ltd. 396,355 10 9.35 3,707,362.39 28.50 11,296,117.50

202 Tamizuddin Textile Mills 28,600 100 4.23 121,005.00 64.50 1,844,700.00

203 The Dacca Dyeing & Man. Co. Ltd. 3,870 10 6.46 25,000.00 30.40 117,648.00

204 Aramit Cement Ltd. 730 2,500 190.99 139,426.25 190.99 139,426.25

205 IBBL Mudaraba Perpetual Bond 7,185 1,000 999.60 7,182,110.00 936.50 6,728,752.50

206 BD. Welding Electrodes Ltd. 92 2,500 600.00 55,200.00 600.00 55,200.00

Total 10,521,437 250,733,036.71 421,144,083.50

203


Statement of Profit on Sale of Securities During 2012-13 cwiwkó-8.4

Annexure-8.4

Sl.


No. of

Shares Sold

Cost

price

Per

Share

(Taka)

Selling

Price

Per

Share

(Taka)

Total Cost

Price (Taka)

Total Selling

Price (Taka)

Capital Gain

(Taka)

1 AB Bank Ltd. 10,000 15.58 32.90 155,753.00 329,000 173,247.00

2 BRAC Bank Ltd. 100,000 7.44 36.20 744,330.00 3,620,000 2,875,670.00

3 Confidence Cement Ltd. 46,720 50.00 119.03 2,336,039.23 5,560,888 3,224,848.77

4 Heidelberg Cement Bd. Ltd. 25,000 76.36 271.00 1,909,080.00 6,775,000 4,865,920.00

5 Premier Cement Mills Limited 5,400 22.00 114.73 118,800.00 619,560 500,760.00

6 Monno Ceramic Industries Ltd. 1,000 15.73 32.00 15,727.60 32,000 16,272.40

7 Olympic Industries Ltd. 1,000 2.95 124.00 2,952.90 124,000 121,047.10

8 Bangas Ltd. 3,950 6.84 447.06 27,004.18 1,765,905 1,738,900.83



11 Summit Purban. Power Co. Ltd. 135,700 39.86 59.70 5,409,538.40 8,101,310 2,691,771.60


13 Bangladesh Submarine Cable Co. 13,000 35.00 152.12 455,000.00 1,977,600 1,522,600.00

14 Eastland Insurance Co. Ltd. 5,000 3.47 48.00 17,363.00 240,000 222,637.00

15 Pioneer Insurance Co. Ltd. 1,000 12.96 73.90 12,962.10 73,900 60,937.90


17 ICB AMCL Sonali Bank First MF 430,500 10.00 12.34 4,305,000.00 5,312,900 1,007,900.00

18 Bengal Windsor Thermoplast. Ltd. 8,000 25.00 58.63 200,000.00 469,000 269,000.00


20 First Lease International Ltd. 7,000 8.21 40.29 57,453.90 282,000 224,546.10

21 Phoenix Finance & Inv. Ltd 6,000 7.33 34.70 43,981.20 208,200 164,218.80

22 Premier Leasing International 20,000 8.64 26.50 172,898.00 530,000 357,102.00

23 United Leasing Co. Ltd. 300,800 4.11 29.51 1,237,581.60 8,875,280 7,637,698.40

24 Uttara Finance & Invest. Ltd 2,000 57.89 84.20 115,772.80 168,400 52,627.20


26 Orion Pharma Ltd. 79,300 60.00 73.12 4,758,000.00 5,798,290 1,040,290.00


28 Envoy Textiles Ltd. 20,600 30.00 54.37 618,000.00 1,120,020 502,020.00

29 Familytex (BD) Ltd. 23,000 10.00 45.10 230,000.00 1,037,200 807,200.00


31 Tallu Spinning Mills Ltd. 228,000 9.53 32.36 2,173,104.60 7,377,270 5,204,165.40

Total 1,672,270 35,322,792.59 84,870,335 49,547,542.41

cÖavb Kvh©vjqwewWweGj wewìs (‡j‡fj 14-17)8, ivRDK A¨v‡fwbD, XvKv-1000†cvó e· bs-2058‡Kej- INVESTCORP

†dvb : 9563455(A‡Uv nvw›Us)d¨v· : 880-2-9563313B-‡gBj : [email protected]

I‡qe mvBU : www.icb.gov.bd

kvLv Kvh©vjqmg~n:PÆMÖvg kvLv‡`‡jvqvi feb (4_© Zjv)104, AvMÖvev` evwYwR¨K GjvKv, PÆMÖvg†dvb : (031) 714851, 727064d¨v· : 880-31-727064B-‡gBj : icbctg@ spetnet.com

ivRkvnx kvLvWvt Mvd&dvi cvRv (3q Zjv)mv‡ne evRvi, ‡Nvovgviv, ivRkvnx†dvb : (0721) 775402, 774661B- ‡gBj : icbrajbr@ bttb.net.bd

Lyjbv kvLvwewWweGj wewìs (4_© Zjv)25-26, †KwWG evwYwR¨K GjvKv, Lyjbv†dvb : (041) 721689, 722984B- ‡gBj : icb_kln@ khulna.bangla.net

ewikvj kvLvewikvj cvRv (3q Zjv)87-88, ‡ngv‡qZ DwÏb †ivW, ewikvj†dvb : (0431) 64404B- ‡gBj : icbbsl@ ccnbsl.net

wm‡jU kvLvAvb›` UvIqvi GÛ kwcs Kg‡c· (3q Zjv)‡avcvw`Nxi DËi cvo‡Rj †ivW, wm‡jU‡dvb : (0821) 714703, 2830458B- ‡gBj : icbsyl@ sol_bd.com

e¸ov kvLvAvdmvi Avjx Kg‡c· (5g Zjv)ivRv evRvi †ivW, eo‡Mvjv, e¸ov‡dvb : (051) 66940, 66860B- ‡gBj : icbbogra@ bttb.net.bd

¯’vbxq Kvh©vjqKvmwdqv cvRv (2q Zjv)35/wm, bqvcëb wfAvBwc †ivW, XvKv-1000†dvb : (02) 9343288, 8360815B- ‡gBj : icblocal@ intechworld.net

Head OfficeBDBL Building (12-15th floor)8, Rajuk Avenue, Dhaka-1000Post Box no. 2058Cable-INVESTCORPPhone : 9563455 (auto hunting)Fax : 880-2-9563313E-mail : [email protected] site : www.icb.gov.bd

Branch Offices:Chittagong BranchDelwar Bhaban (3rd floor)104, Agrabad Commercial Area, ChittagongPhone : (031) 714851, 727064Fax : 880-31-727064E-mail : icbctg@ spetnet.com

Rajshahi BranchDr. Gaffar Plaza (2nd floor)Shaheb Bazar, Ghoramara, RajshahiPhone : (0721) 775402, 774661E-mail : icbrajbr@ bttb.net.bd

Khulna BranchBDBL Building (3rd floor)25-26, KDA Commercial Area, KhulnaPhone : (041) 721689, 722984E-mail : icb_kln@ khulna.bangla.net

Barisal BranchBarisal Plaza (2nd floor)87-88, Hemayet Uddin Road, BarisalPhone : (0431) 64404E-mail : icbbsl@ ccnbsl.net

Sylhet BranchAnanda Tower & Shopping Complex (2nd floor)Dhupadighir UttarparJail Road, SylhetPhone : (0821) 714703, 2830458E-mail : icbsyl@ sol_bd.com

Bogra BranchAfsar Ali Complex (4th floor)Raja Bazar Road, Borogola, BograPhone : (051) 66940, 66860E-mail : icbbogra@ bttb.net.bd

Local OfficeKashpia Plaza (1st floor)35/C, NayapaltanVIP Road, Dhaka-1000Phone : (02) 9343288, 8360815e-mail : icblocal@ intechworld.net

AvBwmweÕi Awdmmg~n Offices of ICB

evwlk cwz‡e`b 2012-13icb.gov.bd/pdf/ann_repo_mf_2012_2013.pdf · bankers : ific bank ltd....

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