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These Financial Statements Should Be Read in Conjunction With The Annexed Notes

Power-System Development Company Ltd.'s statement of financial position as of June 30, 2020 shows total assets of BDT 248.18 crore, down from BDT 168.08 crore in 2019. Non-current assets such as property, plant and equipment decreased to BDT 38.88 crore from BDT 45.36 crore the previous year. Total equity increased to BDT 205.86 crore from BDT 151.74 crore in 2019, with retained earnings rising to BDT 195.86 crore. Current liabilities also rose to BDT 42.32 crore compared to BDT 16.34 crore in the prior year, with term loans up to BDT 32.25

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46 views1 page

These Financial Statements Should Be Read in Conjunction With The Annexed Notes

Power-System Development Company Ltd.'s statement of financial position as of June 30, 2020 shows total assets of BDT 248.18 crore, down from BDT 168.08 crore in 2019. Non-current assets such as property, plant and equipment decreased to BDT 38.88 crore from BDT 45.36 crore the previous year. Total equity increased to BDT 205.86 crore from BDT 151.74 crore in 2019, with retained earnings rising to BDT 195.86 crore. Current liabilities also rose to BDT 42.32 crore compared to BDT 16.34 crore in the prior year, with term loans up to BDT 32.25

Uploaded by

SK. Al Mamun Mamun
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Power-System Development Company Ltd.

Statement of Financial Position


As at 30th June 2020

2020 2019
Notes
Taka Taka
Assets
Non current assets
Property, plant and equipment 3 38,888,405 45,360,984
Current assets
Accounts receivable 4 30,525,689 28,797,820
Advance, deposits & prepayments 5 103,303,531 75,717,620
Advance income tax 5.01 - -
Cash and cash equivalents 6 75,466,185 18,199,576
209,295,405 122,715,016
Total assets 248,183,810 168,076,000

Equity
Share capital 7 10,000,000 10,000,000
Retained earnings 8 195,859,786 141,738,018
205,859,786 151,738,018
Current liabilities
Accrual and provision 9 9,787,377 9,433,718
Income tax provision 10 285,221 43,146
Term loan 11 32,251,425 6,861,118
42,324,023 16,337,982

Total equity and liabilities 248,183,810 168,076,000

These financial statements should be read in conjunction with the annexed notes.

Director Managing Director

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