Investor Presentaiton

ANNUAL REPORT 2018-2019 Directors' Responsibilities / Reporting Framework The law required that the financial statements of the company should be prepared in accordance to the prescribed format given by International Financial Reporting Standard (IFRS) as adopted by ICAB and Bangladesh Financial Reporting Standards (BFRS). This has been completely followed to fairly present the financial position and performance of the company. While preparing the financial statement, the following points were considered: Selection of suitable accounting policies and then applying them consistently; • Making judgment and estimates that are reasonable and prudent; . Ensuring that the financial statements have been prepared in accordance with Bangladesh Financial Reporting Standards (BFRS); • Preparing the financial statements in an ongoing concern basis unless it is appropriate to presume that the company will not continue in business. Proper accounting records have been kept so that at any given point the financial position of the company is reflected with reasonable accuracy, which will enable them to ensure that its financial statements comply with Companies Act 1994 and other required regulatory authorities. In compliance with the requirements of the BSEC's Notification dated 3rd June 2018, the Directors are also pleased to make the following declarations in their report: a) The financial statements prepared by the management of your Company fairly presents its state of affairs, the result of its operations, cash flows and changes in equity; b) Proper books of accounts of your Company have been maintained; c) Appropriate accounting policies have been consistently applied in preparation of the financial statements and that the accounting estimates are based on reasonable and prudent judgment; d) International Accounting Standards and International Financial Reporting Standards as applicable in Bangladesh, have been followed in preparation of the financial statements and any discrepancies have been adequately disclosed; e) The system of internal control is well structured and has been effectively implemented and monitored; f) There are no significant doubts upon your Company's ability to continue as an ongoing concern basis; g) Significant deviations from last year in operating results of the Company are highlighted and the reasons have been explained in financial results and profit appropriation; h) Key financial and operating data has been summarized for the preceding five years. i) Risks and uncertainties surrounding the Company has been outlined under the relevant captions of this report; j) The number of Board meetings held during the year and attendance of each director has been disclosed; k) The pattern of shareholding has been reported in Annexure-5 of this report to disclose the aggregate number of shares. 1) No bonus share or stock dividend has been declared as interim dividend. Remuneration Of Directors Remuneration, performance and other related perquisites/benefits of Managing Director reviewed annually and approved by the Board of Directors. Non Executive Directors including Independent Director are paid attendance fee per meeting. Related fees have been disclosed in the notes 33 to the financial statements. Audit Committee BOAR ROG ANNUAL REPORT 2018-2019 The Board has constituted an Audit Committee as per the BSEC directives. As required, the report of the Audit Committee is included in this Annual Report. The Committee comprises 3 (Three) members of the Board who met four times (4 times) during the financial year ended 30 June 2019. The Committee members' attendance record is provided below: Name Status Attended Prof. Dr. Mohammad Musa Independent Director- Chairman 4 Abul Kalam Azad Non-Executive Director- Member 4 Ms. Azeeza Aziz Khan Non-Executive Director- Member 4 The Company's Managing Director was invited to audit committee meetings at the discretion of the Committee. 46 47

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