~t
Nippon Signal Company Limited
(Dhaka Branch ~ffice)
Auditor's Report
And
Financial Statements
For the year ended June 30, 2023
"l
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C<lit'.
SKZ
ISLAM
&
CO.
CHARTERED ACCOUNTANTS
Proprietor : Sheikh Zahldul Islam,
FCA,
MBA
Independent Auditor's Report of N ippon Signal Company Limited (Dhaka Branch Office)
Report on the Audit
of
the Financial Statements
Opinion
We have audited the accompanying financial statements
of
N ippon Signal Company Limited
(Dhaka Branch Office) which comprise the Statement
of
Financial Position as at 30th June 2023,
Statement
of
Profit or Loss and Other Comprehensive Income, Statement
of
Changes in Equity,
Statement
of
Cash Flows and Notes to the Financial Statements, comprising a summary
of
significant accounting policies and other explanatory information for the year then ended.
In our opinion, the accompanying financial statements give a true and fair view
of
the financial
position
of
N ippon Signal Company Limited (Dhaka Branch Office) as at 30th June 2023 and
of
its financial performance for the year ended in accordance with International Financial
Reporting Standards (IFRS), Companies Act 1994 and other applicable rules & regulations.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (ISAs). Our
responsibilities under those standards are further described in the Auditor's Responsibilities for the
Audit
of
the Financial Statements section
of
our report. We are independent
of
N ippon Signal
Company Limited (Dhaka Branch Office) in accordance with the International Ethics Standards
Board for Accountants' Code
of
Ethics for Professional Accountants (IESBA Code), and we have
fulfilled our other ethical responsibilities in accordance with the IESBA Code. We believe that the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Responsibilities
of
Management and Those Charged with Governance for the Financial
Statements and Internal Controls
Management is responsible for the preparation and fair presentation
of
the financial statements in
accordance with International Financial Reporting Standards (IFRS), where practicable and other
applicable rules & regulations and for such internal control
as
management determines is necessary
to enable the preparation
of
financial statements that are free from material misstatement, whether
due to fraud or error.
In preparing the financial statements, management is responsible for assessing N ippon Signal
Company Limited (Dhaka Branch Office) ability to continue as a going concern, disclosing, as
applicable, matters related to going concern and using the going concern basis
of
accounting unless
management either intends to liquidate N ippon Signal Company Limited (Dhaka Branch
Office) or to cease operations, or has no realistic alternative but to do so.
Those charged with governance are responsible for overseeing N ippon Signal Company Limited
(Dhaka Branch Office) financial reporting process.
OFFICE : Sayeda Anwara Monjil, 8-1, House # 26/2, Purana Paltan line, Paltan, Dhaka-1000, Bangladesh.
Phone : 02222224662, Cell : +88 01730-080666
E-mail : skzislam86@gmail.com, skz4sbc@gmail.com
Web : www.skzislam.com
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Auditor's Responsibilities for the Audit
of
the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's
report that includes our opinion. Reasonable assurance is a high level
of
assurance, but is not a
guarantee that an audit conducted in accordance with ISAs will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered
material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions
of
users taken on the basis
of
these financial statements.
Report on other legal and regulatory requirements
We also report the following:
a) we have obtained all the information and explanation which to the best
of
our knowledge
and belief were necessary for the purpose
of
our audit and made due verification thereof;
b) in our opinion, proper books
of
account as required by law and have been kept by N ippon
Signal Company Limited (Dhaka Branch Office) so far as it
ap~ared
from our
examination
of
those books; and
c) the Statement
of
Financial Position, Statement
of
Profit or Loss and Other Comprehensive
Income, Statement
of
Changes in Equity, Statement
of
Cash Flows and Notes to the
Financial Statements dealt with by the report are in agreement with the books
of
account.
Place: Dhaka
Date:
I~.
o~.
~024
Signed
for
& on behalf
of
Sheikh Zahidul Islam, FCA, MBA
Proprietor
SKZ ISLAM & CO.
Chartered Accountants
DVC:2402191394AS645006
i
Assets
Non Current Assets
Property, Plant
and
Equipment
Intangibles
Current
Assets
Inventories
Trade
&
Other
receivables
Nippon Signal Company
Limited
Branch
Office,
Dhaka
Statement of Flnandal
Position
As
at
30
lune 2023
r:=::l 30
lune 2023
30
lune 2022
.__Am_o_u_nt_l_n
_BD_T___.
_Am_o_u_nt_l_n
_BD_T___.
3
4
5,001,051 I I 4,392,103 I
._
___
3;;..;;66;..,;,,(=24..;.;;1;...,_
.,_
____
46_8
.....
,8_18
__
5,367,291 4,860,921
Advance, Deposits
and
Pre-payments
cash
and
cash
Equivalents
5
6
7
8
88,526,323
191,393,914
61,705,m 73,757,407
151,788,732
2,200
2,267,761
12,722,838
Total
Assets
Equity and Llabillties
Equity
Retained Earnings
Uabllitles Non
Current Liabilities
Current Liabilities Current
A/C
with
Head
Office
Trade
&
Other
Payables
Provision
for
Income Tax
Liabilities
for
Expenses
Total Liabilities
and Equity
9
10
15 11
415,383,417 166,781,531
420,750,708 171,642,452
(106,884,304>1
.._I
_
.....
c
.....
168
......
,
.....
19_5
__
,1_62_>1
(106,884,304) (168,195,162)
475,261,954
18,498,452
28,642,546
5,232,060
527,635,012
420,750,708
301,582,254
35,029,370
3,225,990
339,837,614
171,642,452
The
accompanying notes from
01
to 15 fonn an integral part
of
the financial statements
Signed in tenns
of
our
separate
report
of
even date.
Dated:
,,.
0~
. 20
2.4-
Dhaka.
3
General Manager
Signed
for
and on
behalf
of
SKZ
Islam & Co.
Chartered Accountants
Sheikh Zahidul Islam,
FCA, MBA
l+-i-:
. •
DVC:2J.I02,_1~1~/~l/A~
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Nippon Signal
Company
Umlted
Branch
Office, Dhaka
Statement of Profit or
Loss
and
Other
Comprehensive
Income
For
the year
ended
30
June
2023
Revenue
Cost of
Goods
Sold
Gross
profit
Other Income
Operating Expenses
Operating Profit
Income Tax Expense
N et Profit after Tax
Other
Comprehensive
Income
Total Comprehe~lve Income for the Year
E]
12
13
14
15
2022-2023 Amount In
BDT
508,365,546
211,965,005
296,400,541
206,447,136
89,953,405
28,642,546
61,310,859
61,310,859
2021-2022
Amount In
BDT
77,087,813
(77,087,813)
(77,087,813)
(77,087,813)
The accompanying notes from
01
to
15
fonn
an
integral
part
of
the finandal st,atements
Signed
in
terms
of
our
separate report
of
even date.
Dated:
\C3.
0~,
'l.02.4
Dhaka.
4
General Manager
Signed
for
and on
behalf of
SKZ
Islam & Co.
Chartered Accountants
Sheikh Zahldul
Islam,
FCA, MBA
r. - - .
ovc: 2.4021911~4//S G4f;oo,
I .
Nippon Signal Company Umlted
Branch Office, Dhaka
statement
of
Changes In Equity
For
the
year ended
30
June 2023
Particulars I
Retained
Earnings
11
Total Equity
Balance
at
01
July
2022 (168,195,162) (168,195,162)
Addition/(Adjustments)
during
the
year
Profit/(Loss) during the year
61,310,859 61,310,859
Balance
at
30
June 2023 (106,884,304) c1O&,884,304) 1
Nippon Signal Company Umlted
Branch Office, Dhaka
Statement
of
Changes in Equity
For the year ended
30
June
2022
Particulars I Retained
Earnings
11
Total Equity
Balance
at
01
July 2021 (91,107,349) (91,107,349) Addition/(Adjustments)
during the
year
Profit/(Loss) during the year
cn,oa1,a13) cn,os1,s13)
Balance
at
30
June 2022 (168,195,162) c1&a,19s,1,2> 1
The
accompanying
notes from
01
to 15
form an
integral part
of
the financial statements
Signed in terms
of
our
separate
report
of
even date.
Dated:
I~.
O.l 4 20-<4
Dhaka.
General Manager
Signed
for
and on
behalf
(?f
SKZ
Islam & Co. Chartered Accountants
Sheikh Zahldul Islam, FCA, MBA
r
....
,
..
DVC: ~0~1~1'S~4 M b4 ;-oo
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• "
,.,
•
Nippon Slgnal Company Umlted
Branch Office, Dhaka
Statement of cash Flows
For the year ended 30 lune 2023
2022-2023 2021-2022
Amount In IDT Amount In IDT
A cash Flows from Operating Activities
Net Profit after Tax 61,310,859 (77,087,813)
Adjustment for Non-cash Items:
Add: Depredation & Amortization
Adjustment for Working capital:
2,338,685 2,238,215
Inaease/(deaease) In Trade and Other Payables (16,530,919) 27,887,591
(Inaease)/deaease In Trade & Other receivables (191,391,714)
Inaease/(decrease) In Liabilities for Expenses 2,006,070 761,634
Inaease/(deaease) In Inventories 63,262,409 (133,201,125)
(Inaease)/deaease In Advances, Deposits and Pre-payments (59,438,012) (1,072,146)
Inaease/(decrease) In Provision for Income Tax 28,642,546
Net cash from Operating Activities (A) (109,800,076) (180,473,644)
B cash Flows from Investing Activities
Acquisition of Property, Plant and Equipment (2,667,034) (1,362,735)
Acquisition of Intangible Assets (178,021) (366,200)
Net cash Used In Investing Activities (B) (2,845,055) (1,728,935)
C cash Flows from Flnandng Activities
Fund Received from Head Office 173,679i700 174,878,308
Net cash Used In Financing Activities (C) 173,679,700 174,878,308
D Net Increase / (Decrease) in cash and cash 61,034,569 (7,324,271)
Equivalents (A+B+C)
E cash and cash Equivalents at the Beginning of the Year 12,722,838 20,047,109
cash and cash Equivalents at the End of the Year n,157,407 12.7221838
The accompanying notes from 01 to 15 form an integral part ofthe financial st.atements
Signed In terms ofour separate report ofeven date.
Date \9, 02, ~c,~4
-~ Mr. kuya Wakutsu
::Manager
Signed for and on behalf of
SKZ Islam & Co.
Chartered Aa:ountants
-StV_o..,:~ Sheikh Zahldul Islam, FCA, MBA
! _ · :: · '--'
Dvc: '24o21~1~0LJA~,4~oo,
,I
Nippon Slgnal
Company
Limited
Branch
Office, Dhaka
Notes to the Flnanclal Statements
As
at
and for the year ended 30 June 2023
1 Legal status and nature
of
the branch
Nippon Signal
Co.,
Ltd.
Is
a manufacturing company, established on
27
December 1928 in Japan. The
Company operates In two business segments. The Transportation Infrastructure segment
Is
engaged
in
the manufacture and sale
of
railway signal systems and traffic Information systems. The Information
and Communication Technology (ICT) Solution segment
Is
Involved In the manufacture and sale
cA
automatic fare collections
(AFC)
equipment and control machinery.
Nippon Signal
Co.,
Ltd. established a
Branch
office in
Bangladesh
by obtaining permission for opening
and operating branch office in
Bangladesh
from the
Bangladesh
Investment Development Authority
(BIDA)
vide letter no: 03.219.344.00.00.0000.1927.20082018 dated 10 September 2018. This
permission has
been
given by BIDA to carry out the activities
of
the Branch Offices valid for 3 years
w.e.f. 16 August 2018. The office permission is duly extended by
Bangladesh
Investment Development
Authority (BIDA) vide letter no: OPE-01Jul2021-00001 dated 18 July
2021
for further 2 years with effect
from 16.08.2021. The office permission is duly further extended by Bangladesh Investment
Development Authority
(BIDA)
vide letter no:
OPE-20Jul2023-00001
dated
23
August 2023 for further 2
years with effect from 16.08.2023. The registered address
of
the
Branch
Office is 24-25 Dillcusha, 8th
floor, Shorlf Associate, Dllkusha
GA,
Motljheel, Dilkusha,
Dhaka.
As per
Sec-
2
of
the Income Tax Act 2023,
Branch
Office is treated
as
a company for income tax
purposes.
1.1 Activities of the branch
As per clause
No
1
of
the Bangladesh Investment Development Authority (BIDA) permission letter,
Nippon Signal Co., Ltd.
Bangladesh Branch office shall remain confine to Import, export, design, sale,
installation, commissioning, construction, repair, maintenance and after-sales-support
of
electrical and
railway signalling systems.
2 Basis
of
preparation, presentation and dlsdosure
of
ftnandal statements
2.1 Statement
of
compliance
The financial statements have been prepared on going concern basis following accrual basis
of accounting except for Statement
of
Cash
Flows
In
accordance with the International Accounting
Standards (IASs) and International Financial Reporting Standards (IFRSs)
as
adopted in Bangladesh by
the Institute
of
Chartered Accountants
of
Bangladesh (ICAB).
2.2
Basis
of
reporting
The financial statements are prepared by the branch and presented for external users in accordance
with Identified financial reporting framework. Presentation has been made in compliance with the
requirements
of
International Accounting Standards (IAS)-1: "Presentation of Anancial Statements•.
2.3 Components of Flnandal Statements
The financial statements referred to here comprise:
a) Statement
of
Ananclal Position
b) Statement
of
Profit or
Loss and Other Comprehensive Income
c) Statement
of
Olanges In Equity
d) Statement
of
cash Flows and
e) Notes to the Financial Statements
,
2.4 Regulatory
compllanc:e1
The Branch
Office
Is
required
to
comply
with
the followlng major
laws
and
regulations
along
with
others
as
appllcable:
I.
The
Companies
Act,
II.
The Income
Tax
kt.
2023
and
Its
Rules
thereto;
Ill.
The
VAT
and
SD
kt.
2012,
The
VAT
and
SO
Rules
2016;
and
Iv.
Any
other
rules
and
regulations application
to
the
Branch
Office.
2.5
Fundtonel
and
reporting
aan-ency
These
financial statements
are presented
In Bangladeshi Taka
(BOT}.
All
financial
Information presented
has
been
rounded
off to the
nearest
Integer.
2.6
Reporting period
The financial
statements cover
for the
period
from
01
July
to
30 June
of the following
year.
This
financial
statements
covered 01
July
2022
to
30 June 2023.
2.7 cash and cash equivalents
cash
and
cash
equivalents include notes
and coins
in
only
Current
Account
which
has
been maintained
with
Standard Chartered
Bank
Limited,
Gulshan Branch.
2.8
Property, plant and equipment
2.8.1 Recognition and measurement
Items of property, plant
and
equipment
and
intangible
assets
are
measured at cost
less accoon.dated
depreciation
in
compliance
with the requirement
of
IAS 16
:
Property, Plant and
Equipment The cost of
an
item of
property, plant
and
equipment
comprises
its
purchase
price,
import duties
and
non-
refundable
taxes,
after
deducting
trade
discount
and rebates and
any
costs directly attributabte to
bringing the
assets
to the location
and
condition
necessary
for It to
be
capable
of operating
in
the
intended
manner.
2.8.2 Depredation
Depreciation on items
of property, plant
and
equipment
are provided
on
a straight line basis
over
the
estimated useful lives
of
each
Item.
For
addition to
Property,
plant
and
equipment, depreciation
is
charged
from the month
of
capitalisation up
to the
month immediately preceding
the month
of
cf1Sp0Sal.
D Considering
the
estimated useful
life of the
assets,
the
rates
of
depreciation stand
as
follows:
category of
asset
Useful
life Laptop
&
Others
3
years
Epson~jector 3years
Furniture & Rxtures 5
years
Office
Equipments
5
years
Manual Hand
Hydraulic
Forklift 5
years
Spectrum Analyzer 10 years
Spectrum Analyzer Accessories
3
years
GPS
Receiver
3
years
Standard calibration Kit 3
years
Adapter,
DC
to
18GHz
3
years
Test Port Extension
cable 3
years
External Charger and Battery 3
years
Canon Powershort camera 4
years
C
. ' 2.9 Intangible
81Hb
2.9.1 Recognition and meuurement
Intanglble
assets
tilat
are
acquired
by
the
company
and
have finite
useful
llves are
measured
at cost less
accumulated
amortisation
and
accumulated
Impairment
loss,
If
any.
Int.angtbte
assets
are
recognised when
all
tile
conditions
for
recognition
as
per IAS-38
Intangible Assets
are
met.
The
cost d
an
Intangible
asset comprises
Its
purchase prtce,
Import
duties
and
non-refundable
taxes and
any
dlrecttv attributable
cost
of
preparing
tile
asset
for
Its
Intended
use.
2.9.2 Amortization
Amortisation
Is recognised In
profit or
loss on
a
straight
line
basis
aver
the
estimated useful ffves
d
Intangible
assets
except
license.
Licence
Is
considered
to
have unlimited
useful life.
The
estimated
useful
hes d
intangible
assets other
than
license
are
as
follows: Category
of
cret
Tally
ERP9
Microsoft
Office
Software
2019
9
Useful life
3
years
3
years
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30June 2023
II
30June 2022
IDT
IDT
3
Property,
plant
and
equipment
coat
or
V1lu1tlon
Balance
at
01
July
2022
7,n4,856
6,412,121
Additions During
the
Year
2,667,034 1,362/35
llllnce
at 30 lune 2023
{A)
10,441,890 7,774,856
Accumulated
Depredation
Balance
at
01 July
2022
3,382,753 1,456,337 Olarged
During
the
Year
2,058,087 1,926,416
lllance at
30
June
2023
{B)
5,440&!!9 3,382,753
C.rrylng
Value
II
at 30
June,
2023 {C•A-8) 5,001,051 4,392,103
Please see
Annexure-A
for
details.
4 Intangibles
Cost
or
v1lu1tlon
Balance
at
01 July
2022
1,147,031 780,831
Additions
During
the
Year
178,021
366,200 Balance
at 30
June
2023 {A)
1,325,052 !c147,()31
Accumulated Amortization
Balance
at
01 July
2022
678,213 366,414 Olarged
During
the
Year
280,599 311i799
Balance
at
30
June
2023 (B) 958,811 6?!&213
Carrying Value
as
at
30
June,
2023 (C=A-B) 366,241 468,818
Please see
Annexure-A
for
details
.
..
5 Inventories
Raw
Materials
Work
in
Progress
5,01 88,526,323 151,788,732
Finished
Goods
88.526.323
151.788.732
5.01
Work
In
Progress
AFC
System
39,573,460 61,674,621
PG
Base
Plate
-
AFC
1,717,393
Platform
Screen Door
37,737,789 60,798,619
Exhibition
Centre
555,327
Expense
for
Track Works 2-18,325
Signalling
System
11,215,073 24,114,197
Voice Recording System
154,000
HP
Laser
Jet
Color
Printer
2,526,250
88,526,323 151c78!,732
6 Trade •
Others Rec:elvablel
RIR
Software 2,200 2,200 Larsen
&
Toubro Limited
191,391i714
191,393,914 2.200
7
AdvanClN,
Depolit:I
and Pre-payments
990,000
Advance House Rent
(Security Deposit)
990,000
Advance
Income Tax
28,642,546
RetenUon
Amount
(Larsen
&
Toubro Limited)
31,170,950
Prepaid Rent
(Project manager's house)
154,000 961,000 Prepaid Insurance 537,137 316,761
Other
Advances
211,140
&1,1osl13 ~267,761
t \
II
30lune
2023
II
30June 2022 Note1
IDT IDT
• C.lh
and
cash
equlvalenta
cash at
bank
(SCB
Gulshan Branch
A/C
# 011308916 01) 73lS7,407 12,722,838
73&757A07 12&722,838
9 CUrnnt A/C
wltfl
HHd
Office
Opening
Balance
301,582,254 126,703,946
Add: Adc:ltlon
During
the
Year
173,679?00 174,878,308
475,261,954 301,582,254
Less:
Adjustment
During
the
Year
Clollng lalance
at
30th June, 2023 475,261,954 301,582,254
10
Tracie
• other Payables
Aamra
Networics
Limited
30,000
Asian
Engineering
&
Construction Ltd.
1,212,791 18,866,232
BMS
Logistics
&
Rental
Service
346,150
Bengal
Engineering
&
Services
8,063,685 Ooud
Production Ltd.
121,330
Dynamic Computer
194,307 405,648
DSV
Air
Sea
ltd. 2,618,911 Smart Printing
Solutions Ltd.
120,038
Tokyo
Consulting
Arm
Limited
701,500 192,050
Best
Dwell
Engineering
1,108,611
Pleiades
Bangladesh Ltd.
118,498 212,185
.-
N ippon
Express
Bangladesh
Ltd. an,463
Nascent
Gardenia
218,188
M-Exim Enterprise
889,492 898,624
Musulli Enterprise
1,439,444 738,120
Icon Stationary
Bangladesh
1s,4n
Amirus
Professional Associates
6,900
Estate Developer
ltd. 16,500
Hellman Worldwide
Logistics Ltd.
149,503
LIVENED TEX
40,000 Shahriar
&
Brothres Ltd.
4,995,800 653,525
Startedl &
Engineering Ltd.
2,724,430
TAJEK
Associates
&
Trade
Service
173,352
TDS
Payable
10.01 1,893,209 118,626
VAT Payable
(Service Charge)
10.02
2l14,on
650,158
18,498,452 35,029,370
10.01 TDSPayable
Icon Stationary
Bangladesh
4,089 1,391 Smart Printing Solutions
ltd. 22,147 4,328 Tokyo Consulting
Arm
Limited
33,817 9,599 Dynamic Computer
8,109 5,392
Gazi
Trading 4,692
Xebec
Trading
Services
19,014
Best
Dwell Engineering
64,780 14,641
BMS
Logistic
&
Rental Service
24,750
GSB
Trade
Services
11,538 1,928 Hellman Woridwlde Logistics
ltd. 550 700
Pleiades
Bangladesh
Ltd.
6,477 1,065
TAJEK
Associates
&
Trade Service
32,510 16,338 Asian Engineering
&
Construction 231,694 3,117
DSV
Air &
Sea
ltd. 824
535
M-Exlm Enterprise
8,515 7,875 Musulll Enterprise 139,197 23,678 TODA (PVT.) Ltd. 212,484 2,386
l'
-~
II
) . 11 II
N otet 30lune 2023 30lune 2022
BDT BDT
ms on salary 476,810
Others 4,323 902
Aamara Networi<s limited 13,331
Kalam Real Estate Services 45,750
Skylink limited 6,900
Abdul Bari 10,557
Amia.ts 900
Bauweri< 58,969
Cosmos Energy Servk:e 1,800
Jlbika lntelllglc Ltd. 4,000
Livened Tex 14,362
RISA Engineering 27,345
SAF Business International 3,150
Saha Technical Trade 486
Bengal Engineering 37,200
Shahrjar Brothers Ltd. 1n,230
Startech & Engineering 214,663
1,893,209 11!,626
10.02 VAT Payable
Best Dwell Engineering 97,175 21,970
Icon Stationary BD 6,553 3,470
Pleiades BO 33,164
.# Hellman Worldwide Logistics Ltd. 824 1,049
BMS Logistic & Rental Service 61,873
TAJEK Associates & Trade Service 82,625 47,120
TODA (PVT.) Ltd. 318,727 5,965
• Asian Engineering & Construction 456,496 3,341
DSV Air & Sea Ltd. 826 525
Dynamic Computers 20,268 13,660
M-Exim Enterprise 13,149 13,196
Musulli Enterprise s18,9n 98,554
Pleiades Bangladesh Ltd. 10,664
GSB Trade Services 28,819 4,813
Gazi Trading 11,727
Tokyo Consulting Firm Limited so,n8 359,401
Xebec Trading Services 142,599
Others 28,566 228
Aamra Network 6,667
Amicus 1,350
Bauwerk 147,423
Cosmos Energy Services Ltd 2,700
Jlblka Intelliglc Ltd. 2,000
RISA Engineering 41,024
SAF Business International 7,875
5aha Tedmical Trade 1,215
Bengal Engineering 55,800
Shahrlar & Brothers Ltd. 352,888
Sky Unk 20,700
Smart Printing Ltd. 33,225 4,331
Startech & Engineering Ltd. 229,995
~714,077 6501158
:--.
,,
~I
30June 2023
II
30June 2022
••
BOT
IDT
11
Uabllltle1 for Expen N 9
Salary
&
Allowance
Payable
4,824,658 3,040,150 Ttavelllng
Expenses Payable
2,845 Audit
Fee
Payables
402,500 185,840
Others
Payable
2,057
5,232,060 3,225,990
12
Revenue Automatic
Fare
Collection
System
75,390,700
Platform
Screen
Door
170,579,600
Signaling
System
262,395,246
508,315,546
13
Cost
of
Goods Sold
Opening
Raw
Material
Add:
Purchase
of
Material
13.01 98,585,198 88,308,205
Add:
Direct
Expenses
13.02 50,117,398 44,892,920
Less:
Cosing
Raw
Material
Cost
of
Material Used for Production 148,702,596 133,201,125
Add: Opening
Work in
Process
151,788,732 18,587,607
Less:
Cosing
Work in
Process
88,526,323 151?88,732
Cost
of
Goods Manufactured 211,965,005
•
Add: Opening
Finished
Goods
Less:
Cosing
Finished
Goods
Cost
of
Goods Sold 211,965,005
'
- .
13.01
Purchase
of
Raw Material Material
for
PSD
n,so2,134
69,234,995 Materials for
AFC
System
12,205,435 11,143,154 Materials
for
Signaling
System
8,877,029 7,930,056
Total 98,585,198 88,308.205
13.02
Direct Expenses
CUstoms
& Oearing
Charges
20,147,261 18,494,893
Installation,
Testing
&
Commissioning
{AFC)
27,607,429 24,729,498
Wages
of
Daily
Labours
2,362,708 1,668,530
50,117,398 44,892,920
14
Opet atlng Expenses
General And
Administrative Expense 14.01 206,447,136 77,087,813
206,447,136 77,087,813
14.01 General
And
Administrative Expense Salary and Allowances
14.01.01 45,046,528 34,029,602 Professional
&
Consultancy fees
14.01.02 2,442,855 2,906,821
Audit Fees
402,500 185,840
Office Expenses 14.01.03 80,087 4,118
Office Supplies
835,397 765,891
Food
bills 501,487 35,427
Fuel
&
Lubricants 1,735,605 1,559,875
Govt
Fee
550 House Rent 4,588,090 4,128,422
car
Rent 11,588,709 8,396,604
rr
Enabled Selvlce 341,660 Supply of rr
Goods
2,094,117 829,421
•
r -
I
I •
I N otel
II
30June 2023 30June 2022
IDT IDT
Utllitfes
Expenses
2,450,155 856,596
Advertisement
Expenses
28,174 21,843
Communication
Expenses
659,974
Printing
&
Stationaries
14.01.04 4,846,329 2,593,238
Insurance
Expenses
473,048 426,293
Internet
Charges
14.01.05 470,000
419,982
Traveling
And
Transportation
Expenses
14.01.06 3,026,391 1,923,144
license
&.
Renewal
Expenses
14.01.07 56,000 80,000
loading &
Unloading
Expense
60,950 119,025
Meeting
Room
Rent
96,853 194,010
Office
Rent
120,952,894
Postage
&
Courier
18,170 11,822
Bank Charge
66,765 20,156
Rent
of
Machinery
389,505
ns,029
Safety
&
Security
Charges
14.01.08 321,140 5,851,447
Depreciation
&
Amortization
2,338,685 2,238,215
Medical
Expenses
27,444 17,852
Wages
507,624 1,543,624
CUstoms
&
Oearing
Charges
6,nS,190
206,447,136 77,()87,813
14.01.01 Salary
and
Allowances
Salaries
-
Corrmercial Department
8,059,520 6,436,958
.,
Salaries
(Automatic
Fare
Collection) Department
11,597,614 4,540,687
Salaries
(Signaling) Department
9,nS,630 11,797,032
Salaries
(Platform
Screen
Door) Department
9,470,629 8,314,555
Festival
Bonus
(Staff) -
Commercial
Department
1,469,9n 527,304
Festival
Bonus
-
AFC
1,189,130 396,180
Festival
Bonus
-
Signalling
746,984 242,934
Festival
Bonus
(Staff) -
PSD
945,810 513,443
Salary
(Others)
1,791,239 1,260,509
45,046,528 34,029,602
14.01.02 Professional
a.
Consultancy
fees
Consultancy
Fees
2,239,106 2,140,620
Work Permit
Expense
146,249 584,501
E-TIN
Expenses
21,850
E-Visa Processing Fees
57,500 159,850
2,442,855 2,906.821
14.01.03 Office Expense
Office Document
Update
60,000
Other
Office
Expense
20,087 4,118
80,087
~118
14.01-04
Printing
a Stationaries Printing
And
Aa:essories
(Printing
Cost
at
Office)
3,041,462 1,755,144 Stationaries 1 1 s04 1 s61
8381094
4,846,329 2,593,238
14.01.0S Internet
Charge
Internet
Servic.e
Charge
470,000 419,982
470,000 419,982
14.01.G6 Travelling • Tran,portatlon lxpenH 220,170 Travelling
&
Transportation
Expense
(Commercial) 606,292
Travelling
&
Transportation
Expense (PSD)
1,221,438 1,011,077
Travelling
&
Transport.atJon Expense
(Signaling) 540,564 504,025
Transportation &
Delivery
Charge (AFC)
473,181 187,Sn
Overtime & Dinner
Bill
d
Drivers 184,916
3,026,391 1,923,144
,#
14
----...;;_:
=--
--
! •
I
j
I
~II
• 30June 2023
II
30June 2022
BOT BOT
I t
14.01.07
Ucen N
• Renewal ExpenH1
Government.
Fees
JBCCI
Membership
20,000 20,000
JCIAD Membership
36,000
60i)00
14.01.08 Safety • Security charge
56l000 80l000
SUpply
of
Safety
Goods
321,140
Safety
Equipment
Security
Expense
S,851/'47
321,140 5,851t147
15.00 Provision for Income Tax
Opening
Balance
Add:
Income
Tax
for the
Year
15.01
28,642,546
Less:
Adjustment
During
the
Year
28,642,546
Cosing Balance
at
30 June, 2023 28,642,546
15.01 Income Tax for the Year Higher
of-
27
.5%
of
Net Profit 24,737,186
Or
Advance
Income Tax
Deducted
During the
Year
28,64~546 Or
T
Minimum Tax
(0.6% of
Gross
Receipt)
3,050,193
15
" ,
..
PARTICULARS
Laptop
&.
OtherS Eoson Proiector
Furniture
&.
Rxtures
Office
Eoulpments
Manual Hand Hydraulic Forklift
Soectrum Analyzer
Soectrum Analyzer Accessories
GPS
ReceiVer Standard calibration Kit
Adapter,
OC
to 18GHz
Test Port Extension cable
External Olarger and Battery
canon Powershort camera
Total
PARTIOJLARS
Tally
ERP9
Microsoft: Office
SOftware
2019
Total
l.
Total
ason
Addition
cl ,c, l'(i
Nippon Signal Company Limited
Branch Office, Dhaka
Schedule
of
Property, Plant and Equipment as on 30 June 2023
COST DEPRECIATION
Disposal Total
ason
Rate Total
ason Charged
01.07.2022
During the Year During the 30.06.2023
(0/o)
01.07.2022 During the
Year Year
3,543 803
33,000
25 500
196188
161,250
1 560,000
614 268
510 000
430,000
380,000 70000
200,000
50,847
7,774,856
Total
ason 01.07.2022
110,000
1,037 031
1.147.031
467,165 -
- -
1,198,238 -
1,001,631 -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2
667
034
-
4 010,968 33.33%
33 000 33.33% 1223
738 20.00%
1,197,819 20.00%
161,250 20.00%
1,560 000 10.00%
614,268 33.33%
510,000 33.33%
430,000 33.33%
380,000 33.33%
70.000 33.33%
200,000 33.33%
50,847 25.00% 10,441,890
Nippon Signal Company Limited
Branch Office, Dhaka
2,075,668 819,204
33,000 -
13,204 76,666 45460 226 519 40997 32,250
201,732 156,000
269,266 204 736
219 836 170 000
185 352 143,333
163,799 126 667
30 174 23 333
86 210 66,667
18,056 12 712 3,382,753 2,058
087
Schedule
of
Intangible
Assets
as on
30
June
2023
COST
AMORTIZATION
Disposal Charged
Addition Total as on Rate Total as on
During the Year During the
30.06.2023
(0/o)
01.07.2022
During the
Year Year
- - 110,000 33.33% 110,000
178,021 - 1,215,052 33.33% 568 213 280,599
178.021
-
1,325,052 678,213 280.599
16
----- -=---.-__11- Pl I :., •,o•.,....,___ __
· l
Annexure-A
Amounts in BOT
Disposal Written Down
Total as on Value as on
During the 30.06.2023 30.06.2023
Year
- 2,894.872 1,116,096
- 33,000 (0
- 89,870 1,133 869
- 271,979 925 840
- 73247
88,003
- 357 732
1202
268
- 474 002 140 266
- 389,836 120,164
- 328 685 101,315
- 290,466 89,534
- 53,507 16 493
-
152.Bn
47,123
- 30,768
20,0-79 -
SAAnR~g
5,001.051
-
--
---
- - Amounts in BOT
Disposal Written Down
Total
ason
Value as on During the 30.06.2023
30.06.2023
Year
- 110,000 -
- 848,812 366,241
-
958.811
366.241