It is a broadly described annual report of People’s Leasing And Financial Services Limited in the year of 2016. In the year ended on 31st December 2016, the total exposure of the Balance Sheet stood at BDT 29,250.00 million as compared to BDT 29,017.44 million (restated) as at 31st December 2015. Investment in shares was BDT 1,346.41 million at the end of 2016 comparing to BDT 2,120 million as on December 31st, 2015. Deposits stood at BDT 16,258.76 million as on December 31st, 2015 opposite to BDT 16,009.19 million as on December 31st, 2016. Capital & Shareholders’ equity stood at BDT 3,209.22 million as on December 31st, 2016 as compared to BDT 3,706.10 million as on December 31st, 2015. The Authorized Capital of People’s Leasing & Financial Services Limited is Tk. 5,000,000,000 divided into 500,000,000 ordinary shares of Tk. 10 each. The paid-up Capital of the Company is Tk. 2,854,405,970 divided into 285,440,597 nos. ordinary shares of Tk. 10 each. Net Profit before Tax Tk. 491.00 million. Net Profit after Tax for the year Tk. 494.00 million.
The Board of Directors has recommended NO DIVIDEND for the year ended 31st December 2016, subject to the approval of the shareholders in the 21st 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.
Annual Report of People’s Leasing And Financial Services Limited: