31st December-
2021
A. Cash Flow From Operating Activities:
Net Profit /Loss
Add: Item Not Involving in movement of Cash:
Depreciation on Property, Plant and Equipment
Cash Generated from Operation :
Closing stock -
Un allocated Revenue expenses -
Preleminary Expencess (99,980)
Bank Loan -
Provition for Tax
Current Liabilities
(99,980)
Net Cash Generated from Operating Activities(A) (99,980)
B. Cash Flow From Investing Activities:
Purchase in Property & Assets
Net Cash Used in Investing Activities(B) -
C. Cash Flow From Financing Activities:
Share Capital 4,211,400
Director loan 100,000
-
Advance liability
Net Cash inflow/(Outflow) from Financing Activities© 4,311,400
D. Net Cash Inflows/(Outflows) {A+B+C} 4,211,420
E. Opening Cash and Cash Equivalent
F. Closing Cash and Cash Equivalent 4,211,420
PARTICULAR
Social Trust BangladeshLtd.
House 79, 7th floor, Block -M, Bir Uttom Ziaur Rahman Sorok,Banani, Dhaka.
STATEMENT OF CASH FLOWS
For the year of ended 31st December- 2021
Particular Balance on Addition Total as on Rate Depreciation Written Down
01.07.2021 301-12-2021 Value
31-12-2021
Office Equipment - 10% - -
Furniture & Fixture - 10% - -
Air Coolar - 10% - -
Computer - 10% - -
- - - - -
SCHEDULE OF FIXED ASSETS AS ON 31st December 2021
Social Trust BangladeshLtd.
House 79, 7th floor, Block -M, Bir Uttom Ziaur Rahman Sorok,Banani, Dhaka.
1. Company and its Activities
1.1 Legal Status of the Company
1.2
1.3 Significant Accounting Policies
1.4 Basis of Presentation of Financial Statements
1.5 Basis of Measurement
1.6 Presentation and Functional Currency and Level of Precision
1.7 Going Concern
1.8 Materiality and Aggregation
Each material item as considered by management significant has been presented separately in financial
statements. No amount has been set off unless the Company has a legal right to set off the amounts and
intends to settle on net basis. Income and expenses are presented on a net basis only when permitted by
the relevant accounting standards.
The financial statements have been presented in Bangladesh Taka (BDT) currency, which is the Company’
s functional currency. All financial information presented in BDT has been rounded off to the nearest taka.
The Company has adequate resources to continue in operation for foreseeable future. For this reasons
the directors continue to adopt going concern basis in preparing the financial statements. The current
credit facilities and adequate resources of the Company provide sufficient funds to meet the present
requirements of its existing businesses and operations.
The principal activities of the company are to carry on the business of IT (Information Technology
,System analysis, Planing Software development,Ecommarce ,Internet ,Computer education, buy, sell
manufacture, exprter,, importer, service , dealer, retailer,wholesaler,agent of related business, IT in all
branches of work whatsoever known to IT.
House 79, 7th floor, Block -M, Bir Uttom Ziaur Rahman Sorok,Banani, Dhaka.
The financial statements have been prepared on a going concern basis following accrual basis of
accounting except for statement of cash flows in accordance with the Companies Act 1994, Securities and
Exchange Rules 1987, the Listing Rules of Dhaka and Bangladesh Accounting Standards (BAS) and
Bangladesh Financial Reporting Standards and other applicable laws and regulations.
The financial statements have been prepared based on historical cost convention basis. The accounting
policies, unless otherwise stated, have been consistently applied by the Company and are consistent with
those of the previous year.
Social Trust BangladeshLtd.
Notes to the Financial Statements
For the year ended 31st December-2021
Social Trust Bangladesh Ld. was incorporated with the Registered of Joint Stock Companies and Firms
(RJSC) vide registration no. Reg. No. C-171623/2021 as a Private Company Limited.
Principal Activities of the Company
1.9 Property Plant and Equipment
1.10 Recognition and Measurement
1.11 Subsequent Expenditure on Property, Plant and Equipment
1.12 Depreciation and Amortization
1.13 Investment in Stock Exchanges for Membership
1.14 Investment in Shares
1.15 Cash and Cash Equivalents
Full year’s depreciation is charged in the year in which the related assets are put into use and disposed
off irrespective of the date. The gain or loss arising on the disposal or retirement of an asset is
determined as the difference between the sale proceeds and the carrying amount of the asset and is
recognized in the Comprehensive Income statement.
Investments for membership are initially recognized at cost (which includes transaction costs) and are
subsequently re-measured at fair value based on quoted bid prices. Surplus arising from changes in the
fair value of investment for membership are transferred to fair value measurement reserve.
Investment in quoted shares and unquoted shares are initially recognized at cost plus transaction costs
that are directly attributable to the acquisition of the shares. After initial recognition, investment in quoted
shares has been revalued at cost at reporting date. Net of unrealized gain and loss has not been
recognized in profit and loss account.
Cash and cash equivalents consist of cash in hand, bank balances and deposits held with banks and
financial institutions and short-term liquid investments that are readily convertible to known amount of
cash and that are subject to an insignificant risk of change in value.
All Property, Plant and Equipment are stated at cost less accumulated depreciation as per BAS-16 "
Property, Plant and Equipment". The cost of acquisition of an asset comprises its purchase price and any
directly attributable cost of bringing the assets to its working condition for its intended use inclusive of
inward freight, duties and non-refundable taxes.
Subsequent expenditure is capitalized only when it increases the future economic benefit from the assets
and that cost can be measured reliably. All other expenditures are recognized as an expense as and when
they are incurred.
Depreciation is calculated on the cost of fixed assets in order to write off such amounts over the
estimated useful lives of such assets. The rates of depreciation used on a reducing balance method are as
1.16 Provision for Tax
Current tax
1.17 Revenue Recognition
i. Brokerage Commission
1.18 Branch Accounting
1.19 Reporting Period
The company's reporting Year is 30th June-2021
1.20 General
1.21 Directors’ Responsibility Statement
The Board of Directors takes the responsibility for the preparation and presentation of these financial
statements.
Provision for current tax is made in accordance with the provision of Income Tax Ordinance, 1984 and
subsequent amendments made thereto from time to time.
Revenue is recognized only when it is probable that the economic benefits associated with the transaction
will flow to the enterprise and in accordance with the Bangladesh Accounting Standard (BAS) 18
Brokerage commission is recognized as income when selling or buying order executed.
The Company has No Branch Accounting.
Figures appearing in these accounts have been rounded off to the nearest Taka.
31-12.21
Authorised Capital: Amount
100000 Ordinary Shares of TK. 100/= each 10,000,000
Issued, Subscribed & Paid up Capital
42114 Ordinary Shares of TK. 100/= each 4,211,400
Note-03
Woori Bank AC No: 1509230940719 4,211,420
Total 4,211,420
Note-04
99,980
20
Total 100,000
This represents the expencess incureed on Compay formation and will be ammortized conveniently.
Money Exchange gain
Due to Directors
Priliminary expense
Social Trust BangladeshLtd.
Notes to the financial Statement
House 79, 7th floor, Block -M, Bir Uttom Ziaur Rahman Sorok,Banani, Dhaka.
Cash in hand & Bank balance:
For the year of ended 31st December- 2021
Note- 02