Índice
3. Instalación fotovoltaica autoconsumo instantáneo 1. Silicio Monocristalino
1.4. Teluro de Cadmio
1.4.5. Producción anual esperada
1.4.5.1. Rendimiento global del sistema fotovoltaico o Performance Ratio "PR"
As the Company did not commence produc�on & marke�ng but due to opera�ng and financial expenses Net Loss incurred Tk.1,725,013 in the Statement of Profit or Loss and other Comprehensive Income for the year ended on 30th June, 2018.
ACKNOWLEDGEMENT:
The Directors are pleased to record with apprecia�on and gra�tude the co-opera�on and support provided by Shareholders of the company.
Looking forward for a bright future for all of us.
On behalf of the Board of Directors,
A. Ma�n Chowdhury Chairman
INDEPENDENT AUDITORS’ REPORT To the shareholders of Newasia Synthe�cs Limited
We have audited the accompanying Financial Statements of Newasia Synthe�cs Limited, which comprise the Statement of Financial Posi�on as at June 30, 2018 and the Statement of Profit or Loss & Other Comprehensive Income, Statement of Changes in Equity and Statement of Cash Flows for the year then ended, and a summary of significant accoun�ng policies and other explanatory notes.
Management’s Responsibility for the Financial Statements:
The Management is responsible for the prepara�on and fair presenta�on of these financial statements in accordance with Bangladesh Accoun�ng Standard (BAS)/Bangladesh Financial Repor�ng Standards (BFRS), the Companies Act 1994 and other applicable laws and regula�ons and for such internal control as management determines, which is necessary to enable the prepara�on of financial statements that are free from material misstatement, where due to fraud or error.
Auditor’s Responsibility:
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Bangladesh Standards on Audi�ng (BSA). Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance where the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments the auditor consider internal control relevant to the en�ty’s prepara�on and fair presenta�on of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effec�veness of the en�ty’s internal control. An audit also includes evalua�on the appropriateness of accoun�ng policies used and the reasonableness of accoun�ng es�mates made by management, as well as evalua�ng the overall presenta�on of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion:
In our opinion, the financial statements prepared in accordance with Bangladesh Accoun�ng Standard (BAS)/Bangladesh Financial Repor�ng Standards (BFRS), give a true and fair view of the state of the company’s affairs as of June 30, 2018 and of the results of its opera�ons and its cash flows for the period then ended and comply with the Companies Act 1994, the Bangladesh Securi�es and Exchange Rules 1987 and other applicable laws and regula�ons.
We also report that:
a) We have obtained all the informa�on and explana�ons which to the best of our knowledge and belief were necessary for the purpose of our audit and made due verifica�on thereof;
b) In our opinion, proper books of accounts as required by law have been kept by the company so far as it appeared from our examina�on of those books;
c) The Company’s Statement of Financial Posi�on and Statement of Profit or Loss & Other Comprehensive Income dealt with by the report are in agreement with the books of accounts;
d) The expenditures incurred and payments made were for the purpose of the company’s business.
Dated: Dhaka Malek Siddiqui Wali
October 24, 2018 Chartered Accountants
CHARTERED ACCOUNTANTS
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Malek Siddiqui Wali Chartered Accountants 9-G, Motijheel C/A (2nd Floor) Dhaka, Bangladesh.
Extension Office: Property Heights (1st Floor) 12, R. K. Mission Road, Dhaka-1000
NEWASIA SYNTHETICS LIMITED
STATEMENT OF FINANCIAL POSITION AS AT 30TH JUNE 2018
JUNE'18 JUNE'17
Par�culars Taka Taka
ASSETS :
Non-Current Assets :
Property Plant & Equipment 2,108,994,893 1,978,123,057
2,108,994,893 1,978,123,057 Current Assets :
Advance, Deposit and Pre-Payments 5,517,161 68,472,933
Cash and Cash Equivalents 1,540,735 1,882,245
7,057,896 70,355,178
TOTAL ASSETS : 2,116,052,789 2,048,478,235
SHAREHOLDER'S EQUITY AND LIABILITIES:
Shareholder's Equity :
Share Capital 500,000,000 500,000,000
Re-valua�on Surplus 1,341,650,365 1,341,650,365
Retained Earnings (17,779,159) (16,054,146)
1,823,871,206 1,825,596,219 Current Liabili�es :
Creditors & Accruals 292,181,583 222,882,016
292,181,583 222,882,016 TOTAL SHAREHOLDER'S EQUITY AND LIABILITIES : 2,116,052,789 2,048,478,235
Net Assets Value Per Share (NAV) 364.77 365.12
Par Value Tk.100
These financial statements were approved by the Board of Directors on October 24, 2018 and were signed on it's behalf by.
A. Ma�n Chowdhury Dr. Shamim Ma�n Chowdhury B.K. Chaki Syed Saiful Haque Chairman Managing Director Chief Financial Officer Company Secretary
As per our report of same date
Dhaka Malek Siddiqui Wali
October 24, 2018 Chartered Accountants
NEWASIA SYNTHETICS LIMITED
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30TH JUNE 2018
JUNE'18 JUNE'17
Par�culars Taka Taka
Sales - -
Cost of Goods Sold - -
Gross Profit/(Loss) : - -
Opera�ng Expenses (2,240,594) (2,473,730)
Financial Expenses (16,315) (16,600)
Opera�ng Profit/(Loss) : (2,256,909) (2,490,330)
Other Income/(Loss) 531,896 -
Net Opera�ng Profit/(Loss) : (1,725,013) (2,490,330)
Provision for Contribu�on to WPPF - -
Profit/(Loss) before Tax : (1,725,013) (2,490,330)
Provision for Income Tax : - -
Current Tax - -
Deferred Tax - -
Net Profit/(Loss) a�er tax (1,725,013) (2,490,330)
Other Comprehensive Income - -
Total Comprehensive Income (1,725,013) (2,490,330)
Earnings Per Share (EPS) (0.35) (0.50)
Par Value Tk.100
Number of Shares used to compute EPS 5,000,000 5,000,000
These financial statements were approved by the Board of Directors on October 24, 2018 and were signed on it's behalf by.
A. Ma�n Chowdhury Dr. Shamim Ma�n Chowdhury B.K. Chaki Syed Saiful Haque Chairman Managing Director Chief Financial Officer Company Secretary
As per our report of same date
Dhaka Malek Siddiqui Wali
October 24, 2018 Chartered Accountants
NEWASIA SYNTHETICS LIMITED
STATEMENT OF CHANGES IN EQUITY