Audit$rs Report

Cln The

Financiat Statements

of

Fariclpur Sugar Miltrs Limitecl

h{adhul<hali, Fa ridpur"

For thr: year ended 30 June 202A

Mostafa Alam & CO. & J Fartners

Charlercd Accountants hartered Accountants
Paramount Heights (7th Floor, D2) MC Tower (7th Floor), 33 Banani C/A, Road # lV
65/2/1, Bcx Culvert Road, Purarra Paitan Dhaka-1213, Bangladesh

Dhaka.1000. one: 8 8-02-9821A57 -58, 88-02-982 1365-66

E- m a i t: rueihpls@gei[ws. E-mail: itUOmabS:.Sgm

I
 Rahman Mostafa Alam & Co. :{rl<;T 4 r (q -nB*n'd
Chartered Accountants d" e" r ". - ": *
MABS Jr J p:rr.tn(.1.s r ;, lHtrXld
, !i..',. ,, \,.",,,.'.rt'. , ;

- :ependent Auditor's Report

- r the Shareholders of Faridpur Sugar Mills Limited
: : port on the Audit of the Financial Statements

I -alified Opinion

= have audited the financial statements of Faridpur Sugar Mills Limited (the Company), which
": -prise the Statement of Financial Position as at June 30,2020, Statement of Profit or Loss and
-'^er Comprehensive lncome, Statement of changes in Equity and Statement of Cash flows for
-. year ended and notes to the financial statements, including a summary of significant
, : : cunting policies and other explanatory information disclosed in notes 1 to 28, Annexure-A to N
- ::nedule L-1 to 6
- cur opinion, except for the effect of the matter described in the basis for Qualified opinion
,=::ron of our report the accompanying financial statements present fairly, in all material respects,
-= financial position of the company as at June 30,2020 and its financial performance and its
.,sn flows forthe yearthen ended in accordance with lnternational Financial Reporting Standards
: RSs), the companies Act 1994.

lasis for Qualified Opinion

The Company had been incurred a net operating loss of Tk.577,926,503;Tk.703,927,689 and
Tk.638, 177 ,203 in the year 2017-2018, 2018-2019 and 2019-2020 respectively and as of that
date, the company's current liabilities exceeded its total assets by Tk.3,315,786,847;
Tk.3,952,097 ,763 andTk.4,446,225,605 respectively. This above fact indicates that there is a
material uncertainty exists that may cast significant doubt on the Faridpur Sugar Mills Limited
ability to continues as going concern.

The Company incurs a Negative Contribution Margin (CM) of TK. (56,956)/M.T (approx) of
selling sugar. The company is only able to earn Tk.56,2481M.T from selling of sugar and
Variable Cost of production of sugar is Tk.1 13,203/M.T out which Variable Material cost is
Tk.60,831/M.T. lt clearly shows that the cost of Raw Material is higher than the selling price
of Sugar by Tk.3,875. Details are given in Annexure-N.

Rate of Sugar recovery from sugarcane is gradually decreasing year by year. Recovery rate
in 1989-90 was 8.42o/o and now recovery rate is reduced to 5.4%. As a result cost of
production is incrpasing accordingly.

The Financial Statements of Faridpur Sugar Mills Limited was not prepared as per IAS-01
(Presentation of financial statement) and as per IAS 01,Para 72 " an entity classifies its
financial liabilities as current when they are due to be settled within twelve months after the
reporting period." But the company is showing the long term liabilities without separating
current and non-current portion in the Financial Statements. (Note-{6}.

5. No provision for deferred Tax has been made for taxable temporary difference as per IAS-12.

b. We couldn't verify the fixed assets of the mill as we were not provided the fixed asset
register.

The entity didn't make any impairment test (annually) of the asset amounting of Tk.
392,279,445 as per 145-36. (Fixed asset schedule).

During our audit we found that inventories amounting of Tk. 9,672,054 was slow moving
items out of which amount of Tk.480,886 was obsolete items.Annexure-2.

A
 Rahman Mostafa Alam & Go.
l -anered Accountants P;rt-lrr.'rr ] $ *, l\*,HF"l
MAfl5 q\ J 1.r!,)ilr,r,r11:-
I ir.rtr:ft'.! i

' ,',e were not provided monthly VAT return copy (Mushak 9.1), so that we couldn't verify the
saies with the VAT return and compliance for VAT return was not checked.

::low: (Annexure-M).

SL No. Particulars Amount in Taka Date of Origin

1. Panchagarh Sugar Mills Ltd. 999,270 23.08.97
2 Mobarakgonj Sugar Mills Ltd. 3,965,854 30.06.14
Total- 4,965,124

rnter Project Dues (Creditor) Amounting fk.2,609,702 was carry forurrarded for more than 6
tears. Details are given below: (Schedule L-2)
SL No. Particulars Amount in Taka Date of Origin
1. Kustia Sugar Mills Ltd. 1,064,902 30.06.14
2. North Bengal Sugar Mills Ltd 1,261,037 30.06.13
J. Shetabgonj Sugar Mills Ltd. 209,1 00 30.06.13
4. Joypurhat Sugar Mills Ltd. 74,663 30,06.13
Total 2,609,702

'2 Store in Transit shows amounting Taka 513,367 which was unadjusted for more than 2
years. Details are given below:

Mills/H.O.
Ref. No-4
Date Particulars CT No-4 Date Amount
cJv-2032 29.8.1981 Cost of Laboratory Equipment cT-658 266,770.31
CJV-115 31.12.2008 Cost of lmported goods ct-2633 138,134.84
PV-297 31.12.2008 lnsurance premium ct-2633 2,814.37
CV-96 17.12.17 Agent charge cT-2743(F) 517.40
CV-95 17.12.17 Port Charge cT-2746(F) 694.33
Cv-94 17.12.17 Custom duty cT-2746(F) 5,817.59
CJV-46 30.06.18 L.C. Charge cT-2742 356.1 8
ll
cJv-47 I
cT-2742 80.32
I
CJV-48 30.06.18 cT-2742 98,181 .82
Grand Total: 513,367.16

'3 VAT deducted at source Tk.10,307,560, Income Tax deducted at source Tk.3,045,317,Tax
for environment safety Tk.258,126 hasn't been deposited yet to Govt. (Sch-Ls)
'r Sundry creditors for good supplies amounting of Tk.37,437,500 has been carry fonvarded
since 30.06.16. Details are given below: (Sch-L3)

SL No. Particulars Amount in Taka Date of Origin

1. M/s Jamuna Uria Fertilizer 13,300,000 30.06.16
2. M/s TSP Complex 21,170,000 30.06.16
3. M/s Khan Brothers 2,967,500 30.06.16
Total- 37,437,500 Ar
 Rahman Mostafa Alam & Co.
lnartered Accountants

:=DF
amounting of Tk.2,434,652 has been carry forwarded since 30.06.2013. (Sch-Ls)
:?evenue stamp has been shown as payable amounting of rk.304, 194. ( sch-Ls)
,','e could not verify the leave pay and Gratuity provision as the management did not
:alculate actual basis. They have maintained lump sum basis ( 30% of Basics). (Note-2o.1)
: leferred revenue expenditure is amounting of Tk.4,485,951. But no explanations or
sJpporting document had been provided to us. (Note-S)
- ieserve and surplus amounting of Tk. 1,683,668 was carry forwarded since long. We
:otained supporting documents for Tk. 401,250 and we did not obtain proper explanation for
:re remaining balance. (Note-14)
--- ',zAT registration copy was not provided to us.
-' 3angladesh Govt. Equity is amounting of Tk.2,529,752. No explanations and supporting
:ocuments were not provided. (Note-l3)
-- 3rant (Dutch & ICDS ll) is amounting of Tk.3,988,572. No documents has been provided to
.s. (Note-15)
- i \Jo supporting documents found for Long term loan. (Note-16)
(a) Dutch credit Tk.62,883,395
(b) gtn U.K credit Tk. 1B4,SOO
(c) Govt. ADP fund,Tk.8,091,569
(d) Option Fund, Tk.63,23S,995
(e) Ancillary cane development Tk.z,159,424
(f) Seed Multiplication Tk.1,921,793
(g) Govt. Loan Tk.63,400,000
:: No supporting documents and explanations had been given for the following heads.
(a) Fixed asset ancillary cane development rk.a,441,606; (Annexure-A)
(b) Fixed asset ICDS-ll Tk.435,685; (Annexure-A)
(c) Fixed asset seed multiplication Tk.1,301 ,749; (Annexure-A)

-- Entity didn't provision audit fees and other expenses which were payable. They did
cash
basis here.

-i Provident fund accounts was not audited after the year 2012-13. Even we were not provided
any managemedt accounts of pF for the years 2014-1s to 2oig-20.

,"e conducted our audit in accordance with lnternational Standards on Auditing (lSAs). Our
-=sponsibilities under those
standards are further described in the Auditors' Relponsibilities
':'the Audit of the Financial Statements section of our report. We are independent of the
-stitute in accordance with the lnternational Ethics Standards
Board forAccountants,Code
:' Ethics for Professional Accountants (IESBA Code) together with the ethical requirements
l-a: are relevant to our audit of the financial statements in Bangladesh, and we have fulfilled
: *' other ethical responsibilities in accordance with the IESBA Code. We believe
that the
=-:t evidence we have obtained is sufficient and appropriate to provide a basis for our
:-a ified opinion.
Responsibilities of Management and Those Charged with Governance for the
iinancial Statements
','a'ragement is responsible for the preparation and fair presentation of the financial
s:a:ements in accordance with other applicable laws and regulations and for such internal
::rirol as management determines is necessary to enabtL ttre preparation of financiat
s:::emHtarefreefrommateriaImisstatement,whetherduetofraudorerror.A
 governance are responsibre
.---";';;%"xrruith for overseeing the company,s financial

r -:'tors' Responsibirities for the Audit of the

Financiar statements
- -- ::'ectives are to obtain reasonable
: - I e are assurance about
free from material misstatement, -*.";;
ri"nrn.irr statements as
: -: :-'s repoft that incrude. *r..'"t["iile to fraud or error, and to issue an
orr opinion. Reasonanr" r..rrrnce.lg
: -- : ^ot a guarantee a high rever of assurance,
..:'=- ai that an auoit con-aucted in ,."orornce
misstatement when it exisis. with lsAs will always detect a
- -- :ered materiar if, individuarty
Misstateme;b; arise from fraud or
- oiin
' -: ^ 3e the economic oecisions'oi'rr"r, *re aggreg;i;,;;y courd r"r.onroty error and are
be expected to
take-n oi tni tasis or these
rinrn"i'rr statements.
i ',.:, :fi,?:l[JH',i?:1iX'"",IJ[,j,i]i proressionariudsment and maintain
ffijj,:::,.e
' ::rtify and assess the risks of. material misstatement
of the
"'-ether due to.fraud or
-s<s o".ign ,nJ p"rroirli,oi, proceduresfinancial statements,
"ttot, thit is suiricieni
and obtain audit evidence responsive to those
The risk
,li'rppropriate to provide a basis
: of not detecting , ,rt"i,rr"m]sstatement for
,"!i ?,rtt resurting from fraud is
;i3;ff?i, ;;' ift il:
- :e nt o
nar
",,
; !, ;"f,:x [r, J;ffi iii"j; .; : *::f. y;1 ; ;

' ".i,1 ,

"
;::ffi:J'i1?:E:i;:;1,:l5ilil,:""15'J:[l::::" the audit in order to desisn
audit
' r'aruate the
appropriateness of accounting
:::cunting estimates and retated policies used and the
dlscrosures made by management.
reasonableness of

' l::ciude on the.appropriateness of

management's use of the going
:::ounting and, based on the concern basis of
auoit evioer; wtretnei, ,irioirr uncerrainty
: ' sts related to events o,.
tonJitions that ,.v"li;;Jj,
.*i .ignificant doubt on the rnstitute,s
:: :v to conrinr: r: a going.onl"rn. rrwe conJrolJr,rt r;;t";;iuicertainty
/': are required
to draw attention in,our auditor's
'-;^cial stateme.nts r"p;; to the rerated discrosures exists,
or, if such Jisclosures
::-:,sions are based on the;;iLrio"ni"o;ffi="T inrGuate, to modify our opinion.in the
"r" our
up to the daie of our auditor,s
,::;lrJ;y::Ji.Jrjfi.erents or conditions ;;t";;rre the company to cease to
- :'; 'ate the overall presentation,.
structure and content of the
financial statements,
:; .1i,%ll"j':'j?::!:r;:J*]f,"Jlii,1;:"li:i,h,rT,"Jfl[;iTlJ.Hi'in" ,.r",v,d
: ::*-unicate with those charged with governance
rega.rding, among other
matters, the
,.1 uu-',-i.ol," fl:?.'ir::i,::,'ir"J*:i*Utmlt,:,,.fi;"d.:,;".1,%,iU,,, sisniricant
egort on other Legal and Regulatory
Requirements
Ulb*o report that:

A
Rahman Mostafa Alam & Co. Eil<n.i cHqffi F br
-l h a r1e red Acco u nta nts I\{..\R5 & J P:rrtrrcr.r { J, l\,*}.{,J
i rr ::i::
l.llln.(('.<rd.'1lr*:r:rrl::1L11

a) we have obtained all the information and explanations which to the best of our
knowledge and belief were necessary for the purpose of our audit and made due
verification thereof; except the areas mentioned in basis for qualification.

b)
' in our opinion, proper books of accounts as required by law have been kept by the
company so far as it appeared from our examination of these books; except the areas
mentioned in basis for qualification.

c) the statements of financial position and statements of profit or loss and other
comprehensive income dealt with by the report are in agreement with the books of
accounts and returns; except the areas mentioned in basis for qualification.

MABS & J Par6ers

lhartered Accountants

lated: Dhaka
\ovember 12,2020
g Rahman Mostafa Alam & Co.
_ -al1ered Accountants {Tf<>! -";"t C& *n6:Tft-
rttABS
(
** J l,rrr.lr,"r*,{- _r-
L..,..rr.,, --' t\e
_:-";'*XiS
\.".,,,...",,,.'

Faridpur Sugar Mills Limited

Statements of Financiat position
As at 30 June,2020
Amount in Taka
3o .lune zozo-T-:oJunelo,t g
Ion.Cunent Assets:
koperty, ptant and Equipment
4.00
O*ned Revenue Expenditure
5.00
TGI Non4urrent Assets
QrrentAssets: 93,319,571 g4jid
fuck of Materials
6.00 260,824, 47 8I----1 7 O Siili3
Smdry Debtors O,=7

7.00
hrlr Pmject Current Account
8.00
318,005
| sss,osz
trs & Advance, Deposits & prepayments
9.00
35,155,930 | e+,ose,sos
Castr and Cash Equivalents
10.00
80,3e5,088
| s+,oss,ozs
ftre in Transit 8,014,68e
I r ,478,115

Tfrl Cunent Assets

1 1.00 51s,367 | 17,84s,744
TGlAssets
BCUTTY AND LIABILITIES:
Eqity:
Slwe Capital
12.00 s4,557,000
tsrtined Earnings I 54,55i^0oo
Gorcrnment Equity Fund (4,e23,741,01 1)l (4,285,563,808)
13.00
,Reserve & Surplus
14.00
2,52e,752
1,683,668
| z,szs,zsz
Gorernment Grants
15.00
| r,6s3,668
3,985,077 | 3,s88,572

Ion€unrent Liabitities :
umgterm Loan
't6.00

errent Liabitities: 414,759,910 270i07,052

nEr Project Dues
S'rer Liabilities 17.00 7,0s1,306T--EF70EI
18.00
Shat Term Bank Loan I 195,536,257
| r 18,536,169
?rwisims 19.00 2,227,366,892
20.00
| 2,092,1e9,063
SSFIC Current Account
21.00
393,416,3e1
2,101,365,886
| zza,++o,zto
I 1 ,778,026,s04

4?8,541.1r8

u
3?3.683
The annexed Notes 1 to 2g form an integrar
part of financiar statements.

Director

Signed in te:-ms of our separate report

of even date.

-:- -:: Mostafa Alam &

:-:-:-.^,,^+^^+^
_ _vvultolt(>
*L MABS & J partnd

- ,::: Dhaka
A ,;ffis.
 Rahman Mostafa Alam & Co. qTr<'{ ,*E ffi qr6ryr4
Chartered Accountants IltA1I5 *fu -l P:rl'trttrs
(:'ti rn1 !
{irarLr,rr:rl "lila:
:11

FaridPur Sugar Mills Limited

Statement of Profit or Loss and other comprehensive lncome
For the Year ended 30 June' 2020
t-t
l Notes l

3'oss Profit or Loss Transferred of P/L --(r41p54,0?41 @

108,163,942 105,848,295
-:ss: Operating ExPenses
106,429,279 104,522,030
- :* nistrative ExPenses 22.00
23.00 1,734,663 1,326,265
:= rg and Distribution ExPenses
-3'al Operating Loss (350,118,016) (512,840,974)

24.00 288,470,261 224,634,656

-=ss Ftnance Cost 34,436,946
1,795,969
- :: Other lncome 25.00
(636,792,308) (703,038,684)
',et Loss Before lncome Tax
1,384,895 889,005
-: s s Turn Over Tax
-':t ProfiU(Loss) for the Year (638,177,2031 (703,927,689)

statements'
The annexed Notes 1 to 28 form an intregral part of financial

Q/
Director
-"1{$}$
Direfor

I ;-=: in terms of our separate report of even date'

MABS & J PartnCrs

-- =::"ed Accountants

I ::: C: Dhaka
: =*:er 12,2020
 Rahman Mostafa Alam & Co' qrf.E{ ,g1: {iffi -fiS{r{ f,r... *u -.-,-
I,

Chartered Accountants r}*r't:nr,r's I €.'' ,i ru*Xt*

rrlfArf* {-$* J .-\r'r:r:>rrlri:rtrr"'; -
t
{-l\.!-t,'fr?il

FaridPur Sugar Mills Limited

Statement of Manufacturing and Trading Accounts
For the year ended 30 June, 2020

uotes
li i

*: 131 ,380,000
185,497,200
$*s of Sugar 26.00
43,522,721 14,850,481
S*s of Molasses 27.00
229,019,921 146,230,481

L:cs: Cost of Goods Sold:

118,407,222 48,187,909
Qcnerg Stock of Finished Goods: ftt i r?56-000l
79,261,000
S,qr
rySeS 39,146,222 | 32 431 eoe I

28.00 555,949,304 623,442,473

ilffi Cost of Production brought forward
674,356,526 671,630,382

.=
-;:s
::::s
Closing Stock of Finished Goods
|
203'382'531

31'381'131J

Cdof goods sold '-Tryq 470,973,995 553,223,160

e41.954.0741 (406,992,679)
{Erc Profit or Loss Transferred of P/L A/C

The annexed Notes 11o28 form an intregral part of financial statements.

,#{ ^JN
DireV(or

i Signed in terms of our separate report of even date'

(
"^*ltt ^ffi*-,.+
f,tostafa ela'm a bo. MABS & J Partt
Chartered Accountants
Omrbred Accountants

Otd: Dhaka
:-::'12,2020
n
g
::^Tran Mostafa Alam & Co.
'
.:=.ed Accountants

Faridpur Sugar Mills Limited

Statement of Changes in Equity
For the year ended 30 June, 2020

Share Retain Government Reserve &

Capital Earnings Government Total Equity
Equity Fund Surplus
Grants

54,557,000 (4,285,563,808) 2,529,752 1,683,668 3,995,562 (4,222,797,8261

(638,177,2031 (638,177,203\
(6,ee0) (6,ee0)
54,557.000 (4,923,741,0111 2,529,752 1,683,668 3,988,572 (4,860,982,019)

30 June 2019

annexed Notes 1 to 28 form an intregral part of financial statements.

hlr
(u/
Director
*a.d
Dire(lor
 ETI<R .er{^ 6€i' onii'fi-4 ,O N!^,.ir
Rahman Mostafa Alam & Co' Prtl'tIlt',t's
MAttS .\- J ;Xr Ji\UArc?
.. r1ered Accountants
, a rrl :
{-:1.:ir1< .1:i.l '^:r:r'r

Faridpur Sugar Mills Limited

Statements of Cash Flows
As at 30 June, 2020

A edt flows from operating activities:

(638,177,203) (703,927,689)
ro ffi{Loss) for the Period 10,028,449 9,044,841
t@ion on Fixed Assets
(628,148,754) (694,882,848)
@al4 Surplus befor charge in working capital
@0,+ao,aooll (60,483,105)
ffiircmelDecrease in I nventory 281,652 227,494
ffinomse[Oecrease in Sundry Debtors (1,122,368) (31,455,378)
,ffirno*"irD""rease in lnter Project Current Account (25,740,015) 13,598,283
,Milr,**"yD".rease in Advance, Deposit & Prepayments (17,275,712)
17,332,376
lffimueceltOecrease in Store in Transit (1,497,865) (4,076,126)
fhmrest{(Decrease) in lnter Project Dues 15,338,609
77,000,088
[nuece/(Decrease) in Other Liabilities 182,064,075
64,976,051
UruereeY(Oecrease) in Provisions 97,938,140
40,749,554
(587,399,200) (596,944,708)
ncGft (rsed in)/ provided by operating activities
f,, Ht f,ils from lnvesting activities: 12,754,846)
,624,294
iiffiruece)/Decrease in Purchase of Fixed Assets
(8,624,294) (12,754,846\
mcGfi (rsed in)/ provided by operating activities
G- CrElr fiows from financing activities:
flme*eitOecrease) in Government Grants 446,039,;46
323,339,382
rhmee{Decrease) in BSFIC Current Account 92,941,748
135,167,829
nrmee{Oecrease) in Short-term Liabilities 67,620,267
144,A52,858
l[rrclrm{Decrease) in Long-term Loan
602,560,069 606,601,361
Ec-h (used inltProvided by financing activities (3,098,190)
6,536,574
n EereerDecnease cash lnflodOutflow (A+B+C) 1,478,115 4,576,305
lHri Cch Equivalents at beginning of period
8,014,689 1,478,115
i mild Cch Eqqivalents at end of period
..:.-=.:]\.Cteslto28formanintregralpartoffinancialstatements'

Diredtor
r ;. -:: .l ;rector

r\"'
 Rahman *ilostafa Alam & Co" xl1<{ -fl:: C61 -n$'rfd { - ["8**i*
& J Pilt'trrct's c ;P lq{;^i;r
}er'-e.'ed Acco nta nts M,\[3S
@
u tll rl tr411:i :
{--1r;rrlrr r<'<} '
"\(:rI

FaridPur Sugar Mills Limited

ExPerimental Farm
Statement of lncome and Expenditure
For the Year ended 30 June 2020
Annexure-B

E
827,00& 797,481
.".-.: 103,325 76,330
930,333 873.811

: r l€':itufg
95,247 104.388
55,800 42,814
6,562 10,883
159,294 152,298
613,430 560,432
930,333 870,811
3,qqq_
r'*:o: :r Loss transfer to PIL AIC

;--=,::',:ieslla2Sformanintregralpartoffinancialstatements'

t Gr,/ *ard
DirecYor DireTtor
!'rgctor
 Rahman Mostafa AIam & Co. fq qvET{ rs6, r;" , o .;,::-
.r{n<;1 {*\kr
Chartered Accountants rrlAI}S 'qj J P;trfrrr:rx \1,.#EX#Kf#

Faridpur Sugar Mills Limited

Ration Shop
Statement of lncome and Expenditure
For the year ended 30 June, 2020
Annexure4
-__l
[ trtotes
Particulars
I l

hoome:
Sdes of Sugar 1,033,130 550,1 50
tilscellaneous lncome
Tffl lncome 033,130 _______q9sJqq_

Less: Elpenditure
Ser*rg Stock 42,350 92,500
Idd: Purchase during the year 820,000 500.000
l#: Purchase during the year 192,500
--ess: Closing Stock (21,720 42,350
Td Expenditure 1,033,130 550,150
Iei Profit or Loss transfer to P/L AlC

s\{
Signed in terms of our separate report of even date.
N iahman Mostafa Alam & Co.
- - artered Accountants
:I1t<5'-S!5 Cq *fjs"qtq i **,. j ,, , .. .,
&t*tIlS d*. i fr:rrtrror'* i {-.t:....,* flde*Ai*
FA (. l,.,rr,'r, r] \r,..rrr,trnr..

Faridpur Sugar Mills Limited

:::s comprising a summary of significant accounting policies and other explanatory information
As at and forthe year ended 30 June 2020

: .: : nting entity:
i: :. ground of the Company:
:.'::Jr Sugar Mills Limited , a Company limited by Shares, was incorporated in Bangladesh under the
-::ries act 1994. The registration No: E-67580488 of 1978-1979. The crushing capacity of the mills is
: ::rs of cane per day.

r!1-'€ of business activities:

' : :- -cipal activity of the company is to produce planted white
sugar as main from sugar cane product
::
-- *:lasses as by product. Sugar sales to enlisted dealers, employees, cane growers and ministry of
i: :- l3 at the price fixed bythe government. Molasses are sold in the local market through press tender.

i;: s of Preparation and Presentation of Financial Statements

I :::*ent of compliance:
- ::--: rg Policies: The accounting policies of the mills conform to Generally Accepted Accounting
: -: ::s (GAAP) on historical cost basis and flow the accrued method of accounting under integrated
: :: _-: -g system.

":--:l a:ion on fixed assets other than land is charged on straight line method on the basis of estimated
:-- 'e cf the fixed assets. Fixed assets are depreciated at the rate varying from 2.5 ok lo 25 oh and
i :- -: l cn on the amount of addition to fixed assets has been charged for full years.
=:

.: -i:3n of inventories:
r 3::.:x of store , spares and fertilizers etc:
' "
: = -:: c n of stock of stores spares and fertilizers etc. has been made at weighted average cost price.

: i:: "es in Transit:

" =. - :-:nsit have been valued at actual price.
:. ,rn - -'. n PfOCeSS:
': : -:: r'r of work of in process has been made at proportionate actual.
:: !::,: ' of Finished product:
: --'..r of finished product i.e. sugar has been made at net realizable price & molasses has been
- i :: =:-
=s: selling price being lower of cost.

l,*:,:': - are consistently classified as current item:

- '.: - -come tax has been made during the year according to lncome Tax Ordinance 1984.
:: :
dded Tax:
dded Tax imposed and collected on sale of molasses as per circular of National Board of Revenue

. :' -:aSurement:
-' ::-:-:s of financial statements have been measured on " Historical Cost" basis whrch is one of
-:
..--_^^: basis as provided in " The Framework for the oreoaration and oresa#tisn of
 : : man Mostafa Alam & Co.
n
J
r-:
-.:=.ed Accountants
eilqt s3. dW *nY;1P1 :-
rrlr,\t}S & J P:rr.rrrt',-r,{ t';fltd*Xin
(lir;rr.lr:r.e.rj -.Xr-rou*i.rl:tg i ,.::: ,l : i

-sibility for Preparation and presentation of financial statements:

=-: cf Directors is responsible for the preparation of financial statements under section 183 of the
-:s Act, 1994 and as perthe provision of " The Framework forthe preparation and presentation of
= S:atements" of the lnternational Accounting Standard (lAS).

al and Presentational currency and level of precision:

,--:l statements are prepared in Bangladeshi Taka (Taka/Tk/BDT) which is the Companies both
: :-rrency and presentation currency. All financial information presented in Taka and have been
:-:c the nearest Taka.
-
3 Period:
- : : ceriod of the Company under audit covers from 01 July 2019 to 30 June 2020.

ble accounting Standards :

nhg lASs/lFRSs are applicable for the financial statements for the period under review
resentation of Financial Statements;
ildernents of Cash Flow;
- -:--: ng Policies, Changes in Accounting Estimates and Errors;
Events afier The Reporting Period;
Prory*sions, Contingent Liabi lities and Contin gent Assets
;

nnts of the Financial Statements:

International Accounting Standards (lAS)-1 "Presentation of Financial Statements" the
nancial Statements includes the following components,' :

= -ancial Position as at 30 June2O2O;

:::flt or Loss and Other Comprehensive lncome for the period from 01 July 2019 to 30

I -anges in Equity for the period from 01 Jury 2019 to 30 June,2o20;

l:sr Flows for the period from 01 July 2019 to 30 June 2020 and

:1

-as alequate resources to continue in operation for the foreseeable

future. For this reasons
-e to adopt going concern basis in preparing the financial statements. The current credit
':s:--les of the Company provides sufficient fund to meet the present
requirements of

Erneflb are presented as per IAS-1 " Presentation of Financial Statements" and comparative
: s mdicable.

mx '.,-': :: --ttng
:l cct nrri below have been applied consistenfly
through out the period presented in

0r *,,":.

= ' -easured at cost After initial recognition advances are carried at cost less
l: -:-*=-:s ci'charges to other account heads such as Advance , Deposit & prepayments or
: - IL Eouipment
Fnrrinman* ar
or i-.,^^4^-,
inventory etc.
^+^

z:\
 r' -i- Iostafa Alam & Co.
.Lrountants En-<-{ ..i } (q. *i:f-lf{ , *
) rl{]\IIS "\ J r,:rrr,ro.... jfl'_pfld*Xi*
d.hl:rrlc:r*{ ]1.(:rs:rrlrr 3ni.e i ::r,l''" :. :t:, :,.,,i,. l;

-:=- !;uivalents:
' : -:: :'slatement of Financial Position and statement of cash Flows,
cash in hand and Bank
= considerins the IAS-1 " Presentation of FinanciatI ot.dretnenls
'- : -'"' Statement" which provide that cash and Cash equivalents are readily converlible to
_ _--*_,t:11i::::Yi9:P Sratements,,and
ano
:

'.'-t--'. :' :ash and are subject to an insignificant risk of changes in value and are not restricted

:' :ash flows:

-' -='- =iolvs is prepared principally in accordancewith BAS-T "statement
of cash Flows,'and
presented under indirect method as prescrined
: := ,-"
-. =-:'
=T^""r"""':t#,:t,*,;.jl:1"^1"::
r-xchange Rules , 1gB7
by
and considering the provision of paragrapn"rg"ltulfflTl,:il
-
' ,' =' !-::rprises are Encouraged to Report cash Ftw operating Activities using the indirect

- -=::gnized on the
-
' balance sheet date if , as a result of past events
, the company has a
:-,-:,:H,lr^:.,:.?lis_rlron tf3t.?"n estimated retiabty , and it is probabte that an outftow
?:
irenefits will be reviewed to setfle the obligation. of

llr. :_
-
-= il15.
*: company held providend fund by 8.33 % of basic
as wellas employee perticipat
H e 10% of

Group lnsurance: Employee also take Gratuaity fund

.. -.-it' benefit by 30% and take group

t, I &r rsporting period:

mUnls dbr rerrting period that provide
additional information about the company,s position
hgmtne sfieei date are reflected in the financial at the
statements .events after reporting period that
xr#ildqg ffi are disclosed as off balance are not
sheet items.

-'-\
,,r:=-_-\

W)
_:,^.i/
-:=r/'.,/
 I
: .- -an idostafa Atam & Co' -jl<f,i -i --: C:.: "fl6;{F4 rr(:.'" {-', *'{t'J*Xi*
: aiants N{Al}s .t J i!,t'1rr-t
- :'= ) '-'lL ( l',rrr.;,,i ,,!rrI1r r!!r!

: : :: -:-, =;a r:t & EquiPment 9A,241,274 86.531,264

. ' ' - -,. a' :a 'z'.:csi less accurr'Jlated depreciation) 8,624,294 12.7 54,840
" ' -:-' --:-:ilgtheyear
-
- :-._. :_:.rg ihe year 98,865,564 99,286,110

- . -.--' : -' -i the year

: s.a+q,i+t
10,031
' ,-:'-. r.l:' a"lring the Year 90,241'270
=: ,n,^o
- ' ,- : i :- -- ,.' I :r Annexure-A, Page-'1 9]

l+ + -: : ?,. ,'et-: ue ExPenditure -sg.e33,Gzo

4,485,9s1
A A atr, 06.1
, : - ,: -:. : 3een carry forwarded from last year
+,+gs,gst
-
I i---:. :'t,r:leilals
601 204,179,321 118.659,717
- a -= 42354
o.ut 21,724
603 4,399,779 1 916 115
-.- -
=' :a' 6.04 284,680 109,480
- ,,- --::ai Stamp
6.05 51,938,S78 49,616,451
-----' -- rr"rZ^.^^ r,,dlll-ll-
-:i- I

il

: : -- I

-:' =--:=' 794,996 zso,tol fl

172,001,400 7S,261,000
--:. 3'1,381,',l31 39j46,222
il
I

{
- --:- 1,794 1.794
i -:: : - -' {
' Total {
::: 1': :-:,!- 1 Annexufe-B, Page-20] i
I{
I
21.724 42,350 i
21,7?.4 42354 iI
I
I
I
1,916,115 4,970,876 i
37.173 20,017,117
I
@ i

- . :::---J::re)"eaf I s+,oeg,gss I
I
I
1,916,115 I
I
" - '': --- -: :'al StamP
284,680 1
i
- : i-:-'- I

..: -asgwls 284.680 109.480

:

. ,.. ...:-:s I

51,938,978 49,61 I

, L: ::
Total
- s1,e3&s78 4e'61!M- l

: :' .'' - :':eY'u:e-C, Page-21] l

8,388

318,005 59'1,269

I Oral
 : : -'nan Mostafa AIam & Co.
:- a'-l Accountants

Padiculars
-" : - = rcject Gurrent Account
_. = : -; a Sugar Mills Ltd. (Reconciliation completed) 1J1.ttt
= 432,177
:,' ..-
, -r:- Srgar Mjlls Ltd 999,27'1 999,271
- :' . .=.-es\var & co
{BD) Ltd. 24.692182 29,260,838
-. .-
:-2ar Mills Ltd. (Reconciliation completed)
_- 638,256
' ',-
::. Sugar Mills Ltd (Reconciliation completed)
:,, 2,059,185 1,096,655
i,:nar Mills Ltd.
344,696 600,696
-
'. '. -- _- :-gar Mills Ltd (Reconciliation completed) 98,867 98,867
:'=. )t ^: Sugar Mills Ltd. 3,965,854 1.545,059
. - = = : --, t Reconciliationcompleted) 1,925,443
- page_S0]
='. . :': shoy,,n in Annexure-M, Total 35,155,930 34,033,563

_: : -s & Advance, Deposits & prepayments

*:: -s i Advance (A)
- - : :: ,;3 1St Cycle/MotOr CyCle
517,534 172 304
-::-:::_felstSalary 107,946 772,341
: _= : _ lue 8,1 43 t3J,Jl/.
-: -- :.- : ia.:e
1,829
: :. _ r-ft . amount againestAuditObjection 245,531 308,234
:: - - ="=r. a.nount againest Electricity
46,872 84,072
-.:-:::::-gSiTfuDA 51,625 185,932
-. : _: :l:--^.-
rSi tXpenCeSS 514,71A 986,708
- : .- '-= - rt Supplier
2,830,319
=;= 2,489,494
- : :- _: 3:a isl'vVages Commission
t-'-
22,633,318 7,866,778
661,958 94,406
- : .- -: ::- iSi\,V.F LOan 178,173 123,320
- : :-:: ::: -31AgriCUlfure LOan
52,'190 31 1 40,932,284
-:-,:
- * , , :-i S.l,{rF ln AnneXUfe_E, page-23]

lc:;- -"s & prepayments (B)

:--- --
:: _:_:: _riJgX 72,000 72,AAA
- i - - -^i^^^
- le
= =-,r-Jl 9,380 9,380
: ::.: ->_?.3g
20,000 20.000
: . : -: :=a :' =S1,,1 SChOOI 48,823 48,823
. -- : 99,295 99,295
: _--:-::^a,; 3anx 50,000 50,000
1 09.1 50 84 550
___l!g{1g_ _____i!L91!_
Htt+B, 80,395,088 54.655.073
peltsre sfnfln in Annexure-F, page-3gl
n hh Fland (Note-10.0i)
& n Bank (No8.10.02)
94 212
8,014 1.477
Hae sfioryn in Annexure-G, page-3gl 8,014,689 1.478.115
I Hhltand * 212
E-Bil*
ilmr{AC tt}.F- 1ll with Sonali Bank Madhukhati 235,288 50,614
k S?D4 ArC with Sonali Bank Madhukhati 132,464 1 ,180,474
ftdr S?D16 AC witr Sonali Bank Madhukhali 22.896 139,867
fuir STL?87 ArC with Sonati Bank Shilpa Bhaban Branch Dhaka 497,444 6 867
EIdr SlrE Casfl wallet deposit accounl 44,419 32,752
xadr STB12 ArC with Rupali Bank, Faridpur Branch 7 ,O5A,794 31,349
;rub Kn*i Ban( tttudhukhati 35,290 35,980
 lr ,,,
I s::.a Alam & Co.
:: nJl<:I +: u CE? atfEdf{
M,1,tlS "\. J p:rrtrrr.r. fl
{ t, rr. , -J fr$g\,*

513,367 17 ,845 ,7 44
-,-: - ^'irexui-e-H, page_4O]
--- 5f3J6- lZt4s,El

_ - -._; )1?ies @ Tk 10 each

. : -:-r:_:ed end paid up capital J--rsopoof oo----Eo,ooEooo-
:-' '- 3fes @ Tk. 10 each fu[y paid
in consideration 0ther
-:-
: :-----
I ::: -l.T{ 10gaCh 54,507,000 54,507,000
50 50,000

1,737,782 1,737,782
791,970 791.970
2,529.7s,

1,683,668 1,683,668

O:r,rcntGraflb ____$q$EE_ ____1,0!qfaq_

Inmur 3ac
mFlase*I 3,837,440 3.837,440
1T 147,637 151,132
---lsa'g.sr-
fliqtih-Le, -----ruEs'qil-
l0tudr s,Efi
fr - l(.rrff 62,883,395 62,883,395
fuigrrqrcr*A1p p,rr6 184,500 184,500
,@irr EHsef Rdirenent 8,091,569 8,091,569
iMnrEi.Er tDrrl C,ovt 63,235,995 63,23s,995
Itrlilr-' --.at r-egopnrent 138,63s,200
2,159,424
-='*rrtafun
hr
& Researcn Scheme
H kr rth Sofuati Bank, Dhaka 1,921,793
2.159.424
1,g21,7g3
6m" -:api r
74,25A,A34 68,830,376
1

400,000 400

2,816,641 3,082 242

1,041,026 1.084.163
1,261,038 1.148,992
209,1 00 210,fia
'19,973
1,678,83e 2,511,908
74,664 521,364
,,rri{r. ffi
1B 0'l 678,68S 1,049,706
18.02 65,634,342 31,435,202
18.03 45,927,819 22.863,271
18 04 79,255,407 63,187,990
__$.q!qr57 ___!gs3u!t-
 : : - -an Mostafa Alam & Co"
- '.- I ::countants :lll<:,! ,r. c, C* -1f,*ld
M,\li-s "\i, "t p:rr.trrr.r.r {,_ ;i ..-fl\.lS{, i*
L;lJ:i.!r:ri:ii ..1r:r:>.r:r::r:rs I ':i.::ii .., .._

--::: l-:ditors
_ _ :_ ii 5

- :' - tr=:eivedAgainstCaneGrorvers stJ,JtZ 947,917

- :,: =::eivedAgainstSugar
toz,in rcr,ies
.:
_678,699 1,049,706
I --: -, Creditors for Goods Supply
-. _-a=ertilzer
13,300,000 13,300,000
: - --
21,170,000 12,648,37A
-.- 1L^l-^
2,967,500
:.; =:g neering Works 254,7AA
2.967,500

:- 1.=
23,081
322,672
- --:
239,962
: -- - - -- -a
. - ..: 1,009.324
586,620
:,' _*:,.iarufacturar
11,238
. _ J reniltzer 11,900,000
- -'---=tla^ 102,463
410,452
. _. :'-'^; & packaging ind.
195,960
::-- S-== -rgireering 267,84A
- -i ' rll-KS 1,194,6'18
- . .- ==S:-.:'Ce Ltd. 185,000
-- -- -: ,-ess
::-:- l-:]icaiLtd. 456,233
380,465
: . . ---=-:^
I . ' .-_- trs ai,. Oil Company 48A125
1,456,759
315,694
425,A31
7,535,045
443,500 e93,50a
918,160
689,786
217,886
65,634,342 ---iT,$s2l[.-

1,351,875 1.35'1,875
22,555,515 374,634
26 21j36,762
49.927.819 22.863.271

2.434,652 2,434,652
103,639 103,639
538,237 s18,809
8,892
12,505 5,824
'12,935 19,245
187,A2A 187.02A
137,022 't55,309
71,411 85,957
304,1 94 202,514
14,400,477 9.767,809
258,126
/^\ 3,085 533 2 734
: .- :.trl<).1 ,..:, 6rsr 'J'lji-$*
- :-',,!ostafa Atam & Co.
t](r\
.-_- t_.:ants M,\li5 ( It.,,r.
"d Ji.1' P:rr"l
''"'' 't't'

Amount in Taka
30-Jun-2020 30Jun-2019
28 185 28,1 85
I - ,' - -' -z'2 g'owers 301,080 687,254
i I -. 553,363 252,788
_ - I -- i1il<)
tt
2,007.992 1 ,136,098
) ttll
-

212,082 356,766
9.324 42,824
=: 66,772
32,090
- :-::--:-, 24.644
-: :'__: 23,020 190,554
:-- 145.649 199,367
17,432 17,432
33,695 32,674
-, -:= -: -
I ,816,039 1 .8'16,039
92,174
94,364
:. --".' -::ls::s Details Annex-l Page-46 2,047,362 2.237,740
- j-: <:-=mcnt 360,826 297,948
,.- -.--^^.^+\
- .. a aill) 43,497,824 31.815,754
9,958,471 7,144,506
: _ r- - - 314,880 314,880
401 401

: - - -1- n2n
=:-r
. - . - --:-' -.2' '"'.'ir Krishi Bank' Madhukhali 100,439,212 94,826,740
'. 2,126,927,684 1,597,372,323
: -' -'..- S -'a:i tsank. Madhukhati
2,227,366,892 2,092,199,063

: -:':--::.: fai'& Gmtuity

: 201 l-t68-851384 ll ,lmr4,3osl
:-.'---,:--' aX zo.z I o,saz,ozt lllL_1]q43,1!U
5,742,s80
|
|

- -:: --:'::' 2o.3 tte,tzz,sao

,j
393,416,391 328,440344

: *; :s : - s ':. -eave Pay & Gratuity

' - - ! 212,394,305 35,343,532
= =":
94.810,766 2A5.914,387

- 307,205,071 241,257,919
_ - -:,1 redf--r8303-6141
' - - . :-:':- -.evePaY&GratuitY
268,8s1,384 2_1?J94.1!l_

: : r: : -.s ': ' l''tc orne Tax

-- 6J8r,6?l slqz,aao

-: - :'::':;::Si DUtCh Credit 5'1,506,200 50.216,730

: : - :'.:' ::a:si GoVemmentADP FUnd 4,893,250 4.844,404
6? O,1 6
. : - - : ::: ::: :Si Optf On FUnd
50,753,499
'OO
-" - : -,'.:.2 -s:,1.clliarycaneDevelopment 2,651,428 2,583,457
- : =:. -: ^-:..,e.nrnent loan 3,170,000
2,001,159 '1,905
: .' :-:: :l? -:SiSeed L4ulttPlication
118J77.336 110J03Jss

lJo1 -

ffi
:":::-'-:-:::cc.int J65"8€o 1 J18,026,503
: .- - :i.r I'jlostafa Alam & Co.
'-',., 1:aauntants

in Taka

-:- -:::ativeExpenses
--;- i - : ve
laLanr
er J
69,524,415 83,273,317
- -.
285,288 261,627
-
_
j - -: 1,831 ,1 13 2,113,299
-, 731 600 790,265
=- t- :^
,:C 7'19,556 597,075
.
-'i . e Cverhead. Details Annex-J Page-47 33.337,315 17386,447
__j!9,4N 273_ _Jgl 522plg_

:. -. :'r Dlstribution ExPenses

1,734,663 1326,265
. --" V

-.: 1,?34,663
-^c?
-@
. - :..:

-:. -- --?^S 288,474,261 224,634,656

.,: ffi- nq,ola,ssa

=
: :-:--: _::1je 1,795,969 '1
,936,946.00
-:-'i' -::{ 500.000.00
1,795,969 34,436,946.00

.::: .:-+:-s llcolTl€

'1,433,280 1,573,940
,. : a =a
-.:::: 180,427
:, , .--=-: 218,029 157 ,779
102,860
---'=- =='* 3,000
. : _ -= -=: 41,800 21,800
., * _____lJ-9!f!9- ---lpl6'949-
- "
-- -€ -: S -csidy
"---_ :-:::, 32,500,000.00
.,
J

::| -- \'-:.-:-
4S,290,000 120,285,000
: -..: 100

.: 49,s90,000 120,285,000
29,815
,j 29,815,500
90,285,000
. 720,000
192,500 500,000
3,350
- eAF4?Soo - 5oo,ooo
1,937,000
a' 9.807 10.595,000
-

,: ----11J44,2AA 10595,000

Grand Total 13149?200

-131,380p00
: :- -:r _- ::aaunianls
L,lostafa Alam & Co.
-..- :l{l<}i .j f, ge- '11f,;qd , *
Mz\t9S & J f,a:!t-t,r.... f tjrJ*Xi;:
<j:tl.ftlrrr (,.i )ixr a.rl!rii ar:r! I 'rL ' . -.i,.i :

-,.: :",classes
10,910 404 11,752.411
17 ,694
14J45,517 2,988,669
:
346,928
JO.06 /
10,143,27A
5,87 5,487
46,735
17,A02
40 800
51
43,522,721 14350.481

250,7A1 793,295

259,121,8A9 256,338,060
8,011,024 6,711,516
5,060,018 3.907,207
3,543,878 ? 6?0 OOq
1%,A11,270 295,735,625
23,665,969 33,395,174
9,296,849 8,251,081
1,626.A44 2,O92,282
't 3,'t56,138 '13,928,939
556,744,300 623,693J74
I zg+,g% I f ,soro1 I

__ aq4gig4_ __ 6r6?lL,Mr,4? 3
 ffi
(o
O
O
(o 6 o) @ co tr) ro N N @ O) ro ol
@ o) N c.) (o @ r-* (o $ NI
N
co
co-
N
o- o
@ N
N^
o)
C9
co
ro-
o)
cr)
O) .f
(o
w N
\ @
@-
(.J
c.)
ry @l
-l:.:: co
o)
o) v
r) @-
.{-
O)^
co N
$- sf
co
f.--
(.)
N
N
c! t--
tr)
f.-
CO
CO N 3l

>:
co c.)
c/)
N ro c.)
6 ;\'+
N.Jb\:
>:
fl \\rl,v +
ro o)
@
@
$
$ s.t ro
o)
tr) Lr) o
ro
f.- NI co
.t 6l
sl $ ol
I'
f.r c.) o.) c.) f.- @l
()- a O)-
(o
s- N
ro
tr)^ o) o)- N. .it- oo-
o 6l
{l
roJ o ol ro -l
-t
LO
O
c.)
(o (o ro
F*
N o)
o)
$ (o O) oo @l lr) ol
O) @ @l N NI
N. tr)-
s(o
F.
o
f.--
$
(o-
@
N @-
N
CO
t-
(o N -l - o^l
Nl
o
c)
I FI
-l

:-_>

(o
o)
(o o N
(o
N @
(o
Lr)
c., o)
s Lr) @
rt
(ol
<l tr) s
It
+l
(o ce^ o.) o o)^ *t o^ n t{-
o.)
s^ ro-
tfl
Or-l
co o) o) (o sf (f) o) cq N FI
u-) (o @ r-- (o N $ .if
N (o o, cf) ml
@ ol
co s o, cil
fl -l
@ cr) o @ co O) @ (o o F- cil o
o
N
@ N
o-
CO (o (o @ (o
lr)
O)
@ (o N
@l
-l ro bl F-
lJ)l
NI
(f)
ry @ t- rif- @-
-t ro 6l o)
(o o) N (o o o) @ tr) $ o) o <l 6l $ +l c.i -l
6l
=i-
o.)
@-
N N (o-
o N
f.-
t--
(o o
(o
ry
o)
(f) @I
@
N -l o)
o-
(9l
oI
- o - o s
$ (o c")
(o c")
o)
N
r..t

I Nl
ol
-l
t.
O) O) @ (r) N @
o N @ ro o
o N o) (ol @ f.- l4)l ol
N N o) $ @ o) t-
o f.- ro F- ol sN. (t) ol o.)
rt ol
l @-
ro
o)
lr,
o-
N |r)
l()^
tr) a)
c\t
o) (o
(o
sf.-
@-
(o
v-
o)
@-
o s]
6l
(o
o)_ -@l
lol
\ Nl
.:r
$
(o-
Lr)
|r)
$ s tr) cf)
tif-
@
o)
@
o ro
1r)
s-
o, (o o ml o Fil
ol
-
o
O)- ry co (a (r)- o)l
N
|r)
co o o ,r, $ (o t-* ol
I
o) N

I ol
co @
(r) m
=l N

-:*-
::-\
:--r

I I
1l

:->
'l' N
rf^

@
(o
(o
s-
f.-
o)
ro
@
(o
o,
(o
c\t
r{)

t- (o
(f)
N
o
(o
@
(o
|r)
|r)-
o ry
s
(r) N
rt
o) +l
ol
$l
NI
N lr) o- (o @l
.t (.) cO odl

N
co
N
(o @ @
[r,
f.- @
rll
(o +I
E'I
lo o N
o O) (ol
ol @ N bl o) lI)l
v-
O)
o .n-- (.) N
c.)
N^ \l N
@-
lr)
(o- s-
t.*
@ (ol
tt
f.-
(o
o)-
6l
@l
$
N.
\lI
stl
N
@ t-
s ro
(f)
co Lr)
(o @
tr) -l
6l vF. (o
la)
o,
O)
o -lsl c)
cf, o o 6il
NI
-U c.) o)- O) c.! cq- @ sll tr) $^ (f) (f) (o- 6rl
o) CO o
(r)
(f) tr)
N
Fil t* Nl
ol
O)
-l
r"- I

-l
1
ol
ol lo
lo o o o o oo o
u o o
o o
ol
r) I lo
l.{- o
ra)
o
O) (o o o o
o
F- @ o)
NI IC{ N N
N
N N N af

E
z
c
=;
(J C
o o c E
E -f
o
>t
o
f
o
E
(.)
;lfl
o
o
.6] !l = f,
Fl
a
c fl co tr o -l oc
z o o .ul o o c
o- J o- ,\o o

ffi$
a z1
(i a 5l O
-:
^O c
(U
C E
f
C
(E
o
o
C
c(u
c,
llrl o
d€ c x o o 3l l o C c
o a YI 3 3
(g s C
Uf
z! E
o
.L C a <l { ] )5 V'Y''9/z