It is a broadly described annual report of GSP Finance Company (Bangladesh) Limited in the year of 2014. In the year net profit after tax and provision was reported at Tk. 106 million as compared to previous year’s Tk. 90 million. The investment under lease finance of the Company stands at Tk. 656.04 million at the end of 2014. The Company’s investment in term finance registered a growth of 59.11% in 2014 which stands at Tk. 3,545.45 million at the end of 2014. The total commitments of the company in syndications and structured finance arrangements stood at Tk. 106.47 million as at December 31st, 2014. The Authorized Capital of GSP Finance Company (Bangladesh) Limited is Tk. 2,000,000,000 divided into 200,000,000 ordinary shares of Tk. 10 each. The paid-up Capital of the Company is Tk. 675, 049,650 divided into 67,504,965 ordinary shares of Tk. 10 each.
The Board of Directors of the Company has recommended @ 55% stock dividend (i.e. 55 bonus shares for every 100 shares) for the year ended December 31st, 2014 to its shareholders for approval in this AGM. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.
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