Cover 1 - Apollo Hospitals Dhaka

Financial Highlights & Auditors’ Report
Notes
Figures in Taka
31.12.2011 31.12.2010
15. Donation fund :
Opening balance 3,209,000 3,850,800
Less: Transfer to Income Statement 641,800 641,800
Closing balance 2,567,200 3,209,000
An amount of US$ 100,000 (exchange rate 1US$ = TK. 64.18) received from Shing On International Ltd. as donation
for acquisition of medical equipment of the hospital on May 28, 2005 with the approval of the Bangladesh Bank
The grant is recognized as income over the life of a depreciable asset (10 years) by way of a reduced depreciation
charge.
16. Obligation under finance lease :
Repayment of lease obligation is classified as follows:
Payment due within one year (Current portion) 26,951,933 91,838,026
Payment due within 5 years but later than one year 2,493,535 26,552,910
29,445,468 118,390,936
Obligation under finance lease represents lease of vehicles and other equipments from United Leasing Company
Limited, International Leasing Company Limited and IDLC Finance Limited.
17. Deferred liability (Gratuity) :
Opening balance 53,011,205 41,721,029
Provision during the year 15,529,548 14,155,835
68,540,753 55,876,864
Payment during the year (6,205,262) (2,865,659)
62,335,491 53,011,205
Liability for gratuity is payable to the permanent employees at the time of separation from the company. The balance
represents provision up to 31 December 2011.
18. Trade & other payable :
Trade payable 98,236,989 107,048,743
Expenses creditors and accrual 18.01 89,055,563 95,190,193
Sundry creditors 18.02 28,234,576 24,202,454
215,527,128 226,441,390
18.01 Expenses creditors and accrual
Contractors 10,261,740 16,393,516
Withheld tax payable 4,755,833 11,151,928
VAT payable 1,144,620 4,644,248
Accrual for consultants' fees 27,192,772 20,164,125
Accrued expenses 5,798,050 3,122,361
Interest payable 594,067 2,258,194
Management fee payable 18.01.01 39,308,481 37,455,821
89,055,563 95,190,193
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