12445850 in 2010 tk 11378454 b delivery expense

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(a) Salary and allowances include provident fund contribution of Tk. 12,445,850 (in 2010 Tk. 11,378,454). (b) Delivery expense includes delivery support fee @ 2% of local sales of Formulation and IV Fluids paid to I & I Services Ltd., a " Related Party". (c) Repairs & maintenance includes maintenance of office, premises, Vehicles, building, equipment and other infrastructures. 30. Other Income This is arrived at as follows : Interest on FDR & Short term Investment 330,494,566 367,995,851 Income from HFA Technology Adoption and Transfer - 78,812,136 Dividend Income 200,000 100,000 Royalty 2,997,369 - Exchange Rate Fluctuation Gain 5,178,032 - Profit on Sale of Fixed Assets (Note 36) 2,037,807 9,103,147 340,907,774 456,011,134 31. Finance Cost This is arrived at as follows : Interest on Cash Credit, Lease Finance and other Charges 504,933,292 463,200,224 Interest on Loan from PF and WPP & Welfare Fund 62,712,465 45,232,160 Dividend on Preference Shares - 153,750,000 567,645,757 662,182,384 2011 2010 Amount in Taka ANNUAL REPORT 2011 83
35. Related Party Disclosures : The Company carried out a number of transactions with related parties in the normal course of business and on arms length basis. The nature of transactions and their total value is shown below : Nature of Relationship : The Companies are subject to common control from same source i.e., Beximco Group. Name of Related Parties Nature of Transactions Value of Transaction in 2011 Balance at year end (a) I & I Services Ltd. Local Delivery 8,199,575,911 768,912,524 Delivery Support Fee 140,204,673 - (b) Bangladesh Export Import Co. Ltd Short Term Investment 1,334,019,856 2,193,423,560 Interest on Short Term Investment 240,314,856 - 36. Particulars of Disposal of Property, Plant and Equipment : The following assets were disposed off during the year ended 31 December 2011: Particulars of Cost Accumulated Written Down Sales Price Profit / (Loss) Mode of Name of Parties Assets Depreciation Value Disposal Furniture 70,000 42,881 27,119 27,119 - Negotiation Various Individuals Transport & Vehicle 6,017,440 3,572,947 2,444,493 4,482,300 2,037,807 Negotiation Various Individuals Plant & Machinery 8,699,295 8,029,900 669,395 669,395 - Negotiation Various Individuals Tk. 14,786,735 11,645,728 3,141,007 5,178,814 2,037,807 32. Contribution to Workers' Profit Participation / Welfare Funds This represents 5% of net profit before tax after charging the contribution as per provisions of the Bangladesh Labor law 2006. 33. Income Tax Expenses This consists of as follows : (i) Short provision of earlier year 41,169,643 - (ii) Tax for the year under review (Note 3.9) 166,380,262 71,085,835 (iii) Deferred Tax Expense (Note 3.9) 271,774,005 238,797,683 479,323,910 309,883,518 34. Earnings Per Share (EPS) : (a) Earnings attributable to the Ordinary Shareholders Tk. 1,198,525,342 1,051,648,808 (b) Weighted average number of Ordinary Shares outstanding during the year Nos. 251,767,810 251,767,810 Earnings Per Share (EPS)/ Adjusted EPS (2010) 4.76 4.18 2011 2010 Amount in Taka ANNUAL REPORT 2011 84
39. Capital Expenditure Commitment There was no capital expenditure contracted but not incurred or provided for at 31 December 2011. 40. Finance Lease Commitment At December 31, 2011, the company had annual commitment under finance leases as set out below : Leases expiring within 1 year 83,744,181 Leases expiring within 2-5 years (inclusive) 184,240,602 Tk. 267,984,783 41. Claim Not Acknowledged as Debt There was no claim against the company not acknowledged as debt as on December 31, 2011.

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