Presentation of periodical/interim financial statements

SEC/CFD/Misc./233/2004/615 February 02, 2010 Managing Director All listed companies Subject: Presentation of periodical/interim financial statements. Dear Sir, Listed companies are required to submit their periodical financial statements [i.e., financial statements for the first quarter (Q1), third quarter (Q3) and first half-year (Q2)], prepared in accordance with Bangladesh Accounting Standards. But, it has been observed from the quarterly financial statements for the quarter ended on September 30, 2009 that some quarterly financial statements have not been presented in accordance with the requirement of Bangladesh Accounting Standards (BAS)-34, particularly comparative financial statements have not been presented in accordance with Para 20 of BAS-34. For easy understanding of all concerned and to avoid confusion, all listed companies are hereby requested to present their comparative periodical/interim (quarterly & half-yearly) financial statements based on the enclosed illustrations. For Securities and Exchange Commission Md. Abul Kalam Deputy Director Copy to : President, Bangladesh Association of Publicly Listed Companies. : Chief Executive Officer, DSE: With a request to place the circular (along with illustrations) in your website. : Chief Executive Officer, CSE: With a request to place the circular (along with illustrations) in your website. : Chairman’s Office, SEC.

Illustration: A The company’s financial year ends on December 31 (Calendar Year). The company should present the following comparative financial statements in its quarterly interim financial report:

(1) As of March 31, 20x1 (i.e., first quarter): Name of Statement/Report Period (3 months ending) /date Comparative period (3 months ending) /date (a) Balance Sheet As of March 31, 20x1 As of December 31, 20x0 (b) Income Statement/ P & L A/c January to March 31, 20x1 January to March 31, 20x0 (c) Cash Flows Statement January to March 31, 20x1 January to March 31, 20x0 (d) Statement of Changes in Equity January to March 31, 20x1 January to March 31, 20x0 (2) As of June 30, 20x1 (i.e., Second quarter/ half-yearly): Name of Statement/Report Period (6 months ending)/date Comparative Period (6 months ending) /date Period (3 months ending)/date Comparative Period (3 months ending) /date (a) Balance Sheet As of June 30, 20x1 As of December 31, 20x0 N/A N/A (b) Income Statement / P & L A/c January to June 30, 20x1 January to June 30, 20x0 April to June 30, 20x1 April to June 30, 20x0 (c) Cash Flows Statement January to June 30, 20x1 January to June 30, 20x0 N/A N/A (d) Statement of Changes in Equity January to June 30, 20x1 January to June 30, 20x0 N/A N/A (3) As of September 30, 20x1 (i.e., Third quarter): Name of Statement/Report Period (9 months ending) /date Comparative Period (9 months ending) /date Period (3 months ending)/date Comparative Period (3 months ending) /date (a) Balance Sheet As of September 30, 20x1 As of December 31, 20x0 N/A N/A (b) Income Statement/ P & L A/c January to September30, 20x1 January to September 30, 20x0 July to September30, 20x1 July to September 30, 20x0 (c) Cash Flows Statement January to September30, 20x1 January to September 30, 20x0 N/A N/A (d) Statement of Changes in Equity January to September30, 20x1 January to September 30, 20x0 N/A N/A

Illustration: B The company’s financial year ends on June 30 (Calendar Year). The company should present the following comparative financial statements in its quarterly interim financial report: (1) As of September 30, 20x1 (i.e., first quarter): Name of Statement/Report Period (3 months ending) /date Comparative period (3 months ending) /date (a)Balance Sheet As of September 30, 20x1 As of June 30, 20x1 (b)Income Statement/ P & L A/c July to September 30, 20x1 July to September 30, 20x0 (c)Cash Flows Statement July to September 30, 20x1 July to September 30, 20x0 (d)Statement of Changes in Equity July to September 30, 20x1 July to September 30, 20x0 (2) As of December 31, 20x1 (i.e., Second quarter/ half-yearly): Name of Statement/Report Period (6 months ending) /date Comparative Period (6 months ending) /date Period (3 months ending) /date Comparative Period (3 months ending) /date (a) Balance Sheet As of December 31, 20x1 As of June 30, 20x1 N/A N/A (b) Income Statement / P & L A/c July to December 31, 20x1 July to December 31, 20x0 October to December 31, 20x1 October to December 31, 20x0 (c) Cash Flows Statement July to December 31, 20x1 July to December 31, 20x0 N/A N/A (d) Statement of Changes in Equity July to December 31, 20x1 July to December 31, 20x0 N/A N/A (3) As of March 31, 20x2 (i.e., Third quarter): Name of Statement/Report Period (9 months ending) /date Comparative Period (9 months ending) /date Period (3 months ending) /date Comparative Period (3 months ending) /date (a) Balance Sheet As of March 31, 20x2 As of June 30, 20x1 N/A N/A (b) Income Statement/ P & L A/c July 01, 20x1 to March 31, 20x2 July 01, 20x0 to March 31, 20x1 January to March 31, 20x2 January to March 31, 20x1 (c) Cash Flows Statement July 01, 20x1 to March 31, 20x2 July 01, 20x0 to March 31, 20x1 N/A N/A (d) Statement of Changes in Equity July 01, 20x1 to March 31, 20x2 July 01, 20x0 to March 31, 20x1 N/A N/A