30 June, 2021 30 June, 2020
ASSETS
Non-Current Assets
Property, Plant & Equipment - -
- -
Current Assets
Advances, Deposits and Prepayments - -
Cash & Cash Equivalents 4.00 3,216,642 4,197,385
Total Current Assets 3,216,642 4,197,385
Total Assets 3,216,642 4,197,385
EQUITY & LIABILITIES
Current Account with Head Office 5.00 2,844,891 3,991,745
Current Liabilities
Liabilities for Expenses 6.00 371,751 205,640
Total Equity & Liabilities 3,216,642 4,197,385
___________________
Country Manager
Dhaka:
Wednesday, August 18, 2021
Signed in Terms of Our Report of Even Date Annexed.
Mohammad Ata Karim & Co.
Chartered Accountants
_________________________
Nisshin Transportation Co. Ltd. (Bangladesh Liaison Office)
Statement of Financial Position
As at 30 June 2021
Notes
The Accompanying Notes 01 to 07 Form an Integral Part of These Financial Statements.
Amount in Taka
30 June, 2021 30 June, 2020
Operational Expenses:
Audit Fee 83,663 72,750
Bank Charges 3,403 115
Consulting Fees 838,717 132,890
Office Rent 210,159 -
Tax & Duties 10,913
Total Operational Expenses 1,146,855 205,755
______________________
Country Manager
Dhaka:
Wednesday, August 18, 2021
Nisshin Transportation Co. Ltd. (Bangladesh Liaison Office)
Statement of Operational Expenses
For the Year Ended 30 June 2021
Amount in Taka
The Accompanying Notes 01 to 07 Form an Integral Part of These Financial Statements.
Signed in Terms of Our Report of Even Date Annexed.
Mohammad Ata Karim & Co.
Chartered Accountants
30 June, 2021 30 June, 2020
RECEIPTS
Opening balance 4,197,385 -
Cash in Hand - -
Cash at Bank 4,197,385 -
Remittance Received 5.01 - 4,197,500
4,197,385 4,197,500
PAYMENTS
Cash Operational Expenses: 980,744 115
Libility for Expenses 6.00 205,640 -
7.00 775,104 115
Capital Expenditure: - -
Current A/C with Head Office - -
Total Payments
Closing balance 3,216,642 4,197,385
Cash in Hand - -
Cash at Bank 3,216,642 4,197,385
4,197,385 4,197,500
___________________
Country Manager
Dhaka:
Wednesday, August 18, 2021
Cash Operational Expenses:
Nisshin Transportation Co. Ltd. (Bangladesh Liaison Office)
Statement of Receipts and Payments
For the Year Ended 30 June 2021
Notes
__________________________
Mohammad Ata Karim & Co.
Chartered Accountants
The Accompanying Notes 01 to 07 Form an Integral Part of These Financial Statements.
Signed in Terms of Our Report of Even Date Annexed.
Amount in Taka
1.00 CORPORATE INFORMATION
1.01 Legal status
1.02 Nature of activities
2.00 COMPONENTS OF FINANCIAL STATEMENTS
(i) Statement of Financial Position as at 30 June, 2021;
(ii) Statement of Operational Expenses for the Period Ended on 30 June, 2021;
(iii) Statement of Receipts & Payments for the Period Ended on 30 June, 2021;
3.00 SIGNIFICANT ACCOUNTING POLICIES
3.01 Basis of accounting:
3.06 Reporting Period
3.07 Comparative
This financial statement of the company covers a period from 1st July 2020 to 30th June 2021.
3.02 Compliance with accounting standards:
3.03 Reporting currency and others:
3.04 Cash & Cash equivalent:
The comparative figures has been restructured for some heads and impacted a number of the primary financial
statements and notes for the periods presented in these financial statements.
The financial statements have been prepared in compliance with the requirements of International Financial
Reporting Standard (IFRS).
The figures in the financial statements has been represented in Bangladeshi Taka, except otherwise specified
which have been rounded of the nearest Taka.
Cash and cash equivalents comprises of cash in hand and cash at bank which are held and available for use by
the company without any restriction.
The financial statements have been prepared under the accrual basis of accounting.
The prime activities of the company is to market research for Motor truck transportation business, Consigned
freight forwarding business, Ocean freight forward business, Port transportation business, Domestic shipping
The financial statement comprises the following:
Nisshin Transportation Co. Ltd. (Bangladesh Liaison Office)
Notes to the Accounts
For the Period Ended 30 June 2021
Nisshin Transportation Co. Ltd. (Bangladesh Liaison Office) having permission from Bangladesh Investment
Development Authority (BIDA), Prime Minister's office vide permission No. OPN-04Sep2019-00001 dated
01.10.2019 and 18 B permission from Bangladesh Bank under Foreign Exchange Regulation Act, 2015 vide
Endt.No.FEID/729/B-1733/2020-1751 dated.09.09.2015.
The accounting policies applied in the preparation of these financial statements are set out below.
(iv) Notes to the Financial Statements of significant accounting policies and other explanatory information as at
and for the Period ended on 30 June, 2021.
30 June, 2021 30 June, 2020
4.00 Cash & Cash Equivalents
Cash in Hand - -
Cash at Bank 3,216,642 4,197,385
3,216,642 4,197,385
5.00 Current Account with Head Office
Opening Balance 3,991,745 -
Remittance Received During the Year 5.01 - 4,197,500
Operating Expenses (1,146,855) (205,755)
Adjusment Made During the Year - -
Closing balance 2,844,891 3,991,745
5.01 Remittance Received
April'20 - 4,197,500
- 4,197,500
6.00 Liabilities for Expenses
Audit Fee Payable 83,663 72,750
Consulting Fee Payable 211,945 132,890
Office Rent Payable 70,053 -
TDS Payable 6,090 -
371,751 205,640
7.00 Cash Operational Expenses
Audit Fee 83,663 72,750
Bank Charges 3,403 115
Consulting Fees 554,022 -
Office Rent 134,016 132,890
Tax & Duties 10,913 -
775,104 205,755
Amount in Taka