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National Tea Company LTD FS

The National Tea Company Ltd. reported total assets of 3.34 billion Taka as of June 30, 2023, an increase from 3.06 billion Taka in 2022. The company experienced a net loss of 635.16 million Taka for the year, compared to a loss of 227.53 million Taka in the previous year. Shareholders' equity showed a negative balance of 318.07 million Taka, reflecting ongoing financial challenges.

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51 views3 pages

National Tea Company LTD FS

The National Tea Company Ltd. reported total assets of 3.34 billion Taka as of June 30, 2023, an increase from 3.06 billion Taka in 2022. The company experienced a net loss of 635.16 million Taka for the year, compared to a loss of 227.53 million Taka in the previous year. Shareholders' equity showed a negative balance of 318.07 million Taka, reflecting ongoing financial challenges.

Uploaded by

joyita.mazumder2003
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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NATIONAL TEA COMPANY LTD.

STATEMENT OF FINANCIAL POSITION


June 30

2023 2022 2021 2020 2019


ASSETS:
Non-Current Assets
Plant Assets (Net) 2,555,428,983 2,475,404,903 2,364,837,758 2,229,528,727 2,056,2
Intangible assets 406,289 477,987 562,338
Right of use assets 51,110,207 48,804,660 57,016,908 57,407,514
Capital work in progress 84,267,913 51,752,849 69,496,360 55,055,851 53,
Investments 2,014,180 2,014,180 2,014,180 2,014,180 2,0
Deferred tax assets 113,385,214 62,621,971 70,728,733 93,138,571 82,
2,806,612,786 2,641,076,550 2,564,656,277 2,437,144,843 468,
Current Assets
Inventories 284,964,506 255,697,503 306,532,424 286,487,489 306,
Biological assets 5,752,530 2,707,354 5,885,360 1,652,658
Trade receivables and others 54,379,884 29,611,141 52,322,827 32,120,415 40,
Loan to employees 1,808,670 4,314,281 4,651,839 6,074,839 7,3
Advances, deposits and prepayments 99,969,868 46,478,480 33,674,181 38,548,848 43,
Advance income tax 48,085,274 40,407,569 33,719,631 25,652,200 55,
Accrued interest on investment 750,022 470,581 490,447 302,868 1
Cash and cash equivalents 30,642,878 26,098,227 287,269,026 19,105,188 14,
Short term investment 9,193,639 8,556,411 6,901,878 6,205,359
535,547,271 414,341,547 731,447,613 418,149,682 468,
Total Assets 3,342,160,057 3,055,418,097 3,296,103,890 2,855,295,525 2,662,8

SHAREHOLDERS' EQUITY AND LIABILITIES


Non-current Liabilities
Long tern loan 878,725,302 517,375,240 633,185,848 277,827,847 218,
Pre-liberation bank loan 253,343 253,343 253,343 253,343 2
Lease liabilities, non current position 50,074,854 50,755,524 53,857,337 56,703,038
Provision for taxation 57,300,922 51,435,372 43,850,103 36,384,174 53,
Provision for gratuity 306,188,948 283,259,959 266,677,151 253,598,661 237,
Unearned revenue 2,529,888 3,162,361 3,794,834
Prepaid Income 4,427,307 5,0
Other liabilities 79,335,975 80,098,252 104,297,787 71,062,264 71,
Other liabilities (Pre-takeover) 18,339,573 18,339,573 18,339,573 18,339,573 18,
1,392,748,805 1,004,679,623 1,124,255,976 718,596,207 604,

Current liabilities
Trade payables and others 342,291,160 135,553,391 208,371,496 179,710,827 158,
Short term loan (Secured) 1,561,193,284 1,403,340,363 1,214,801,979 1,121,369,278 688,
Long term loan (Secured); current portion 325,760,124 157,012,602 157,012,602 32,830,363 32,
Lease liabilities, non current portion 7,938,351 3,102,863 6,924,930 2,610,734
Security deposits 7,451,188 7,168,188 5,546,338 5,546,338 5,5
Dividend payable 22,850,813 22,528,764 23,030,933 24,051,740 20,
2,267,484,921 1,728,706,172 1,615,688,278 1,366,119,280 905,
Total liabilities 3,660,233,725 2,733,706,172 2,739,944,254 2,803,311,694 1,510,0

Stockholders' Equity
Share capital 66,000,000 66,000,000 66,000,000 66,000,000 66,
Reserve and surplus 251,082,302 483,559,635 924,800,000 930,114,180 930,

Accumulated loss (635,155,970) (227,527,333) (434,640,364) (225,535,142) 156,

Total stockholder's equity (318,073,668) 322,032,302 3,296,103,890 770,579,038 1,152,7


Total liabilities and stockholder's equity 3,342,160,057 3,055,418,097 3,296,103,890 2,855,294,525 2,662,8

Horizontal Analysis of Income Statement


NATIONAL TEA COMPANY LTD.
Statement of Profit or Loss and Other Comprehensive Income
June 30
2023 2022 2021 2020 2019

Turnover 958,474,462 1,066,903,176 1,021,504,659 883,219,865 1,190,8


Less: Cost of goods sold 1,244,502,795 954,823,320 924,850,443 955,236,699 813,
Gross profit / (loss) 286,027,333 112,079,856 96,654,216 (72,016,834) 377,
Less: Operating expenses
Administrative and general cost 189,975,495 167,092,659 159,869,006 196,063,580 176,
Selling cost 39,248,489 38,394,756 36,138,806 34,553,697 37,
229,223,983 205,487,415 196,007,812 230,618,277 213,

Income/ Loss from operation (515,251,316) (93,407,559) (99,353,597) (302,635,111) 163,


Add: Other income 18,951,793 7,157,692 26,200,141 11,414,507 9,5

Less: Finance cost (183,754,139) (125,585,435) (106,076,000) (79,503,426) 38,

Net loss before tax (680,053,663) (211,835,302) (179,229,456) (370,724,030) 135,


Less:Income tax (expenses)/ income

Current tax expense (5,865,550) (7,585,269) (7,465,929) (7,151,805) 7,2

Deferred tax (expense)/ income 50,763,243 (8,106,762) (22,409,838) 10,196,911 (8,300,549)

44,897,693 (15,692,031) (29,875,767) 3,045,106 (1,097,916)

Net loss after tax (635,155,970) (227,527,333) (209,105,222) (367,678,924) 136,


Other comprehensive income

Total comprehensive loss (635,155,970) (227,527,333) (209,105,222) (367,678,924) 156,

Earning Per Share (EPS) (In Taka) (96.24) (34.47) (31.68) (55.71)

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