It is a broadly described annual report of Bata Shoe Company (Bangladesh) Limited in the year of 2015. The company continues to be the highest tax payer in the leather and footwear sector in the country. In 2015 the company contributed Taka. 2,103 million to the country’s national exchequer. The company’s shares of a nominal value of Taka. 10.00 were traded at Taka. 1,317.70 on the Dhaka stock exchange and Taka. 1,348.00 on the Chittagong stock exchange respectively on 31 December 2015.
The Board of directors in its 226th Meeting held on 28 April 2016 proposed Taka 10.50 per share amounting to Taka. 143,640,000 as final dividend. But due to BESC directive no.SEC/SRMIC/2011/1240/445 dated 27 April 2016 the Board of the director in its 227th Meeting held on 19 May 2016 converted the final dividend as the 2nd interim dividend for the year ended 31 December 2015, which represents 105% of paid up capital. The dividend for the year 2015 including the 1st interim dividend Taka. 21.50 per share amounting to Taka. 294,120,000 thus making a total dividend of Taka. 32.00 per share amounting to Taka. 437,760,000 which represents 320% of paid up capital.
The financial statements prepared by the Management of the company present a true and fair view of company’s state of affairs, the result of its operations, cash flows and changes in equity.
More annual report of Bata Shoe Company (Bangladesh) Limited: