Prime Finance & Investment Limited (PRIMEFIN) - (Prime Finance & Investment Limited) - Financial Institutions - Dhaka Stock Exchange - Share market analysis of dhaka stock exchange, Bangladesh
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Prime Finance & Investment Limited (PRIMEFIN)

(Prime Finance & Investment Limited) - Financial Institutions - Dhaka Stock Exchange

11.10 -0.10    -0.92%
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Volume   288,934 0.00 11.20 10.50
Open   10.50
Open: 10.50
Closed Last Update:  16 August 02:25 PM

Financial Statements Period Latest financial statements withBangladeshi Taka where financial year ends on December

2013
(Year)
2014
(Year)
2015
(Year)
2016
(Year)
2017
(Year)
Balance Sheet
Total assets 17,339,814,963 18,466,620,784 19,773,635,575 18,914,000,885 17,173,092,317.00
Total liabilities 12,089,978,327 13,156,426,752 15,232,082,036 15,322,113,140 14,038,328,655.00
Shareholder's equity 5,249,836,636 5,310,194,032 4,541,553,539 3,591,887,745 3,134,763,662.00
Paid up capital 2,729,164,830 2,729,164,830 2,729,164,830 2,729,164,830 2,729,164,830.00
Total liabilities and shareholders' equity 17,339,814,963 18,466,620,784 19,773,635,575 18,914,000,885 17,173,092,317.00
Book Value Per Share 19.24 19.46 16.64 13.16 11.49
Income statement
Net interest income 225,068,060 348,138,824 45,987,048 (157,045,636) (292,346,283.00)
Total operating income 782,463,033 820,153,063 166,039,040 (384,400,507) (106,744,973.00)
Total operating expenses 213,886,561 270,662,002 315,144,629 289,476,186 290,251,647.00
Profit before provision against loans and advances 568,576,472 549,491,061 (149,105,589) (673,876,693) (396,996,620.00)
Total provision 99,384,916 56,568,629 270,550,859 266,464,137 51,938,454.00
Profit for the year before taxation 469,191,556 492,922,432 (419,656,448) (940,340,830) (448,935,074.00)
Provision for tax 98,511,735 23,190,312 7,838,441 9,324,964 8,229,009.00
Net profit after tax for the year 370,679,821 469,732,120 (427,494,889) (949,665,794) (457,164,083.00)
EPS 1.36 1.72 (1.57) (3.48) (1.68)
Cash Flow
Net cash from operating activities 221,850,010 725,802,554 986,736,975 (911,230,344) 891,503,133.00
Net cash used in investing activities (655,006,056) (321,585,161) 292,265,482 7,137,686 (108,530,379.00)
Net Cash used in financing activities 65,831,109 (322,563,146) (493,092,016) (79,639,615) (146,571,982.00)
Net increase/(decrease) in cash and cash equivalents (367,324,937) 81,654,247 785,910,441 (983,732,273) 636,400,772.00
Cash & Cash Equivalents at beginning of the year 985,423,107 618,098,170 699,752,417 1,485,662,858 501,930,585.00
Cash and cash equivalents at end of the year 618,098,170 699,752,417 1,485,662,858 501,930,585 1,138,331,357.00
2013
(Year)
2014
(Year)
2015
(Year)
2016
(Year)
2017
(Year)
Cash 117,897,644 121,900,663 172,553,778 146,452,295 165,585,083.00
In hand(including foreign currencies) 45,000 60,000 70,971 81,663 67,219.00
Balances with Bangladesh bank and sonali bank (including foreign currencies) 117,852,644 121,840,663 172,482,807 146,370,632 165,517,864.00
Balance with other banks and financial institution 500,200,526 577,851,754 1,313,109,080 355,478,290 972,746,274.00
In Bangladesh 500,200,526 577,851,754 1,313,109,080 355,478,290 972,746,274.00
Investment in shares & securities 967,560,066 1,259,607,748 927,765,138 893,366,521 1,196,532,642.00
Others 967,560,066 1,259,607,748 927,765,138 893,366,521 1,196,532,642.00
Loans and advances/Investment 12,901,715,482 13,443,614,332 14,362,636,774 14,800,363,094 12,213,504,923.00
Loans, cash credits, overdrafts/General Investments 12,901,715,482 13,443,614,332 14,362,636,774 14,800,363,094 12,213,504,923.00
Land, building, furniture and fixtures (including leased assets) 325,235,741 361,523,962 360,314,247 360,154,552 350,419,373.00
Other assets 2,527,205,504 2,702,122,325 2,637,256,558 2,358,186,133 2,098,206,115.00
Non-Financial Assets -- -- -- -- 176,097,907
Total assets 17,339,814,963 18,466,620,784 19,773,635,575 18,914,000,885 17,173,092,317
Borrowings from other banks, financial institutions and agents 2,865,064,682 3,294,967,451 3,093,925,014 3,299,527,828 2,142,490,132.00
Deposits and other accounts: 6,770,963,595 7,763,327,204 9,544,207,157 9,016,194,779 8,938,854,327.00
Term Fixed deposits/Mudaraba Term Deposits 6,770,963,595 7,763,327,204 9,544,207,157 9,016,194,779 8,938,854,327.00
Other liabilities 2,453,950,050 2,098,132,097 2,593,949,865 3,006,390,533 2,956,984,196.00
Total liabilities 12,089,978,327 13,156,426,752 15,232,082,036 15,322,113,140 14,038,328,655
Shareholder's equity 5,249,836,636 5,310,194,032 4,541,553,539 3,591,887,745 3,134,763,662
Paid up capital 2,729,164,830 2,729,164,830 2,729,164,830 2,729,164,830 2,729,164,830
Statutory Reserve 851,649,949 927,108,510 927,108,510 927,108,510 927,108,510.00
Revaluation Reserve 221,943,750 221,943,750 221,943,750 221,943,750 221,943,750.00
Retained Earnings 668,214,189 616,137,297 (142,161,088) (1,092,766,302) (1,551,843,270.00)
Non Controlling Interest 778,863,918 -- -- -- --
Minority Interest -- 815,839,645 805,497,537 806,436,957 808,389,842
Total liabilities and shareholders' equity 17,339,814,963 18,466,620,784 19,773,635,575 18,914,000,885 17,173,092,317
Book Value Per Share 19.24 19.46 16.64 13.16 11.49
2013
(Year)
2014
(Year)
2015
(Year)
2016
(Year)
2017
(Year)
Interest income/ Profit income 1,592,214,361 1,630,592,686 1,442,666,720 897,385,356 709,658,457.00
Interest/Profit paid on deposits and borrowings 1,367,146,301 1,282,453,862 1,396,679,672 1,054,430,992 1,002,004,740.00
Net interest income 225,068,060 348,138,824 45,987,048 (157,045,636) (292,346,283)
Income from investments 142,279,733 246,018,685 (386,130) 34,033,029 198,151,727.00
Commission, exchange and brokerage 98,813,643 74,654,238 61,441,038 31,692,842 32,335,706.00
Other operating income 316,301,597 151,341,316 58,997,084 (293,080,742) (44,886,123.00)
Total operating income 782,463,033 820,153,063 166,039,040 (384,400,507) (106,744,973)
Salaries, allowances and other benefits 136,360,123 168,475,518 212,151,371 177,857,652 163,800,670.00
Rent, taxes, insurance, electricity 20,258,486 31,801,594 33,006,141 43,807,592 40,865,185.00
Legal expenses 2,673,683 1,197,689 705,575 822,077 10,198,584.00
Postage, stamps, telephone, telex 3,589,154 4,094,598 6,076,318 3,697,252 3,700,504.00
Printing, stationary, advertising 9,352,781 11,349,052 7,191,953 5,409,410 4,390,042.00
Salary and allownaces paid to Managing director 10,800,000 13,750,000 15,000,000 15,600,000 15,500,000.00
Directors' fees 1,410,000 1,185,000 996,116 1,120,010 1,294,228.00
Auditors' fees 345,000 402,500 402,500 402,500 1,443,250.00
Depreciation, repair & maintenance expenses of FI's assets 8,725,190 14,838,231 16,619,124 17,552,083 17,992,517.00
Other operating expense 20,372,144 23,567,820 22,995,531 23,207,610 31,066,667.00
Total operating expenses 213,886,561 270,662,002 315,144,629 289,476,186 290,251,647
Profit before provision against loans and advances 568,576,472 549,491,061 (149,105,589) (673,876,693) (396,996,620)
Specific provision (Loan and Advances) 99,721,181 23,727,149 192,703,013 270,789,682 117,540,571.00
General Provision (9,289,051) 23,480,321 49,692,252 (672,751) (89,670,138.00)
Diminution of in value of investment 8,952,786 9,361,159 28,155,594 (32,040,794) 18,080,021.00
Others -- -- -- 28,388,000 5,988,000
Total provision 99,384,916 56,568,629 270,550,859 266,464,137 51,938,454
Profit for the year before taxation 469,191,556 492,922,432 (419,656,448) (940,340,830) (448,935,074)
Current Tax 98,588,273 28,403,027 7,887,337 11,262,164 11,725,300.00
Deferred tax (76,538) (5,212,715) (48,896) (1,937,200) (3,496,291.00)
Provision for tax 98,511,735 23,190,312 7,838,441 9,324,964 8,229,009
Net profit after tax for the year 370,679,821 469,732,120 (427,494,889) (949,665,794) (457,164,083)
EPS 1.36 1.72 (1.57) (3.48) (1.68)
2013
(Year)
2014
(Year)
2015
(Year)
2016
(Year)
2017
(Year)
Interest receipts/Investment income in cash 1,952,129,598 1,300,432,161 1,549,800,416 1,083,583,202 575,587,819.00
Interest payments/Profit paid on deposits in cash (1,022,192,955) (876,787,909) (1,133,031,224) (878,324,345) (897,550,786.00)
Dividend receipts from investment in shares & securities 28,947,868 15,242,715 34,387,785 24,624,587 17,269,321.00
Gain on sale of shares 30,736,319 121,731,152 (48,978,425) (8,944,134) --
Fees and commission receipts in cash 13,869,048 13,430,774 11,081,672 11,099,721 6,434,027.00
Cash payments to employees (50,980,763) (111,567,188) (194,902,578) (158,496,390) (159,342,723.00)
Cash payments to suppliers (181,223,456) (136,556,909) (90,375,975) (86,396,633) (70,216,986.00)
Income taxes paid (235,733,355) (93,765,116) (14,447,171) (15,282,352) (8,869,362.00)
Receipts from other operating activities 354,655,920 139,115,691 120,537,008 87,513,841 46,799,830.00
Payments for other operating activities (6,350,414) (4,914,766) (18,429,799) (2,859,866) 9,846,959.00
Cash generated from operating activities before changes in operating assets and liabilities 883,857,810 366,360,605 215,641,709 56,517,631 (480,041,901.00)
Loans and advances to other banks/ Fis 854,105,788 -- -- -- --
Loans and advances to customer (1,516,113,588) (181,891,909) (619,670,329) (341,601,344) 2,446,762,575.00
Deposits from other banks/borrowings -- -- 1,390,765,595 (626,146,631) (1,075,217,541)
Deposits from customers -- 541,333,858 -- -- --
Net increase / (decrease) in operating liabilities (662,007,800) 359,441,949 771,095,266 (967,747,975) 1,371,545,034.00
Net cash from operating activities 221,850,010 725,802,554 986,736,975 (911,230,344) 891,503,133
Investment in trading securities (1,971,691,670) (1,639,376,149) (1,867,490,969) (650,239,899) (1,008,905,452.00)
Sale proceeds of fixed assets -- 1,890,155 -- -- --
Proceeds from sale of securities 1,095,806,114 1,353,544,359 2,212,777,811 671,699,826 909,028,336.00
Proceeds from sale of property , plant & equipment 2,732,089 -- 125,000 350,000 --
Adjustment of Depriciation -- -- -- -- --
(Purchase) of property ,plant and equipment (6,876,014) (37,643,526) (53,146,360) (14,672,241) (8,653,263.00)
Other investment activities (24,919,283) -- -- -- --
Issue of zero coupon bond 249,942,708 -- -- -- --
Advance for purchase of vehicles -- -- -- -- --
Net cash used in investing activities (655,006,056) (321,585,161) 292,265,482 7,137,686 (108,530,379)
Receipt of long term loan -- 86,811,579 -- -- --
Repayment of longterm loan (53,376,313) -- (151,946,412) -- --
Net draw down/ (payment) of short term loan 346,637,826 -- -- (79,639,615) (146,571,982.00)
Dividend paid (227,430,404) (409,374,725) (341,145,604) -- --
Receipts from issue of ordinary share/right share including premium net off tax -- -- -- -- --
Payment of lease finance -- -- -- -- --
Net Cash used in financing activities 65,831,109 (322,563,146) (493,092,016) (79,639,615) (146,571,982)
Net increase/(decrease) in cash and cash equivalents (367,324,937) 81,654,247 785,910,441 (983,732,273) 636,400,772
Cash & Cash Equivalents at beginning of the year 985,423,107 618,098,170 699,752,417 1,485,662,858 501,930,585
Cash and cash equivalents at end of the year 618,098,170 699,752,417 1,485,662,858 501,930,585 1,138,331,357

Disclaimer:
  • • This is a generalized format for the sectors
  • • For company specific financial statement, please see Report section
  • • Latest 05 years Annual reports and 5 years quarterly reports are available under this section.
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