PRIMETEX Emphasis of Matter - Share market analysis of dhaka stock exchange, Bangladesh
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05 December, 2018 02:58 PM Source: Dhaka Stock Exchange

The auditor of the company has given the following "Emphasis of Matter" paragraph in the audit report of the company prepared for the year ended on 30 June 2018. Emphasis of Matter: Without qualifying our opinion, we draw attention to the following matters: Negative operating cash flow: The management of the company explained in note # 26 to the financial statements its position as to why cash flow from operating activities in the current year is negative. Note # 26 Net Operating Activities Cash Flows Per share (NOCFPS) 2017-18: Operating Cash Inflow/(Outflow) during the year Tk. (135,731,769.00), Number of Share 38,200,000 and Net Operating Cash Flow Per share (NOCFPS) Tk. (3.55). Net Operating Activities Cash Flows Per share (NOCFPS) 2016-17: Operating Cash Inflow/(Outflow) during the year Tk. 271,690,967.00, Number of Share 38,200,000 and Net Operating Cash Flow Per share (NOCFPS) Tk. 7.11. Reason for Decrease in NOCFPS: During the year company's net operating cash flow per share has decreased mainly due to payment against L/C for purchase of raw materials. Changes in inventory holding position: The management of the company explained in note # 5 to the financial statements the reasons as to why current year-end inventory holding position has increased in comparison with previous year.Note # 5: Inventories Tk. 961,236,427.00 for the year 2017-18 which made up as follows: Raw materials Tk. 414,297,592.00, Work-in-Process Tk. 127,150,104.00, Finished Goods Tk. 359,609,495.00, Waste Cotton Tk. 622,199.00 and Store, Spare, Packing Materials & Others Tk. 59,557,037.00. Inventories Tk. 448,675,515.00 for the year 2016-17 which made up as follows: Raw materials Tk. 195,492,164.00, Work-in-Process Tk 128,129,126.00,Finished Goods Tk. 58,024,443.00, Waste Cotton Tk. 672,745.00 and Store, Spare, Packing Materials & Others Tk. 66,357,037.00. Reasons for changes in year end inventory holding Position: Total Inventories have increased by Tk. 51,25,60,912.00 mainly due to increase in stock of finished goods and raw materials. Stock of finished Goods: For taking some steps in our mill production volume have increased during the year ended on 30 June, 2018 compared to previous year's production volume but sales volume had not increased comparatively with same parallel of production volume due to non receipt of adequate order from the customers as well as price was not also suitable in the market. Thus, stock volume of finished goods have increased. Stock of Raw Materials: For rising of production capacity after taking some steps in our mill production volume have increased during the

 

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