Explanation of Related Party Transaction-Operating expenses

TOA CORPORATION Bangladesh Office Concord Colosseum 7th Floor, 156 Kemal Ataturk Avenue, Banani, Dhaka 1213, Bangladesh GENERAL CONTRACTORS AND ENGINEERS ON LAND AND SEA BANGLADESH OFFICE Date: December 18, 2022 Explanation of related party Transaction Head office operation expenses Breakdown of BDT. 152,218,058.00 Particulars Sum of Debit (BDT) Sum of Credit (BDT) Balance (BDT) Design cost 1,636,715 1,636,715 Entertainment expenses 24,899 24,899 Fixed Asset 2,769,952 - 2,769,952 Freight 319,046 319,046 Insurance 19,733,398 19,733,398 Material 2,677,890 2,677,890 Others 85,143,426 312,881 84,830,545 Safety and security 190,797 31,642 159,155 Subcontract 24,196,737 24,196,737 Vehicle rent & maintenance expense 15,194,741 15,194,741 Grand Total 151,887,601 344,523 151,543,078 Cost incurred by HO Before FX Gain/Loss 151,543,078 Foreign Exchange Loss 674,980 Net Cost incurred by HO after FX Gain/Loss 152,218,058  ________________ MASAHITO ASAMI General Manager Bangladesh Office