Cover 1 - Apollo Hospitals Dhaka

Annual Report’ 11
Supplier Payment Policy
AHD developed and implemented set payment policies for
all suppliers. We explain the payment method and system
and review the process with the vendor before issuing a
purchase order. Bills are paid according to the payment terms
and VAT and other withholding taxes are deducted from
bills as per law. As of date, there are no legal case filed by the
Hospitals of filed against the Hospitals by any supplier.
Board of Directors’ Meeting
It is the duty of every Director to attend Board of
Directors’ meeting regularly, in order to acknowledge and
make decisions relating to the operations of the company.
The Directors hold 4 scheduled meetings and additional
meetings as necessary.
Before each meeting the agenda items are clearly set by the
chairman of the Board together with other Directors and
Chief Executive Officer. The Company Secretary prepares
and sends notice of the meetings, together with the agenda
and supporting documents, to the Directors in advance to
study information prior to the meeting.
Senior Management team members are invited to attend
the Meeting to provide useful information and to directly
obtain business strategies from the Directors which are to
be implemented in the Company’s operations.
The Chief Financial Officer, as per directives of the
Securities & Exchange Commission (SEC) and the Head of
Internal Audit, also attends the meeting as per invitation of
the Board.
The Company Secretary is responsible for documenting
and circulating the minutes of the meetings to the Board of
Directors and so other relevant divisions for adoption.
Financial Overview
During the year 2011 under review the company has achieved a gross profit of Taka 1,216 million along with a net profit
(after tax) of Taka 262 million. After six years of operation, the hospital has now become financially robust with a healthy
Balance Sheet. The Hospital cash flows are also improving. The healthcare industry generally requires huge initial capital
investments, especially in equipment and for recruiting and retaining skilled healthcare workers. With such huge upfront
investments, we consider 2011 to be an exceptional year for AHD as we have a reported net profit of Taka 262 Million.
Amount in Taka (Million)
2011 2010 2009
Revenue 2,590 2,219 1,702
Direct Operating Expenses (303) (258) (188)
Hospital Supplies (1,072) (895) (671)
Gross Contribution 1,216 1,066 843
General and Admin Expenses (653) (538) (475)
Marketing Expenses (38) (44) (24)
Management Fees (30) (30) (30)
Finance Cost (54) (58) (83)
Depreciation and amortization (183) (172) (170)
Other Income 16 14 10
Net Profit/ (Loss) before tax 275 238 71
Provision for tax 13 11 -
Net Profit/ (Loss) after tax 262 227 71