Cover 1 - Apollo Hospitals Dhaka

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Annual Report’ 11 29. Related party disclosure : During the year the Company carried out a number of transactions with related parties in the normal course of business at arms' length basis. Names of those related parties, nature of those transactions and their total value have been set out in accordance with the provisions of BAS-24: Related Party Disclosure. Name of Related Party STS Education Group Ltd. Nature of Relationship Common Directorship Nature of Transaction Proportionate corporate office expenses Transaction Value Taka Outstanding Balance Taka Terms and conditions 12,600,000 - Mutual understanding 30. Contingent Liabilities and Commitments : 30.1 The Company has a contingent liability for the guarantee issued by Dutch Bangla Bank Ltd., Gulshan Branch and Southeast Bank Ltd., Gulshan Branch in favor of National Board of Revenue for Tk. 34,204,210 as there is a dispute with the customs authority regarding the duty exemption facilities pursuant to the SRO No.133-Aain/2005/2069/Sulko dated 02/06/2005 issued by the National Board of Revenue (NBR). 30.2 The Company has no capital expenditure commitments. 30.3 There is no claim against the company acknowledged as debt. Figures in Taka 31.12.2011 31.12.2010 31. Number of employees engaged The number of employees engaged for the whole year or part thereof who received a total remuneration of Tk.36,000 and above were as follows: Management 7 12 Staff 1,730 1,330 Total 1,737 1,342 32. Remittances in foreign currency 31.12.2011 31.12.2010 In USD Taka In USD Taka Operational management fee -1% Revenue 272,394 22,193,156 241,959 17,019,488 Operational management fee (Fixed) 79,870 6,507,355 81,349 5,720,000 Franchise fee 979 79,802 1,024 71,500 353,243 28,780,313 324,332 22,810,988 The fees were paid to <strong>Apollo</strong> <strong>Hospitals</strong> Enterprise Ltd., India by virtue of Operations Management and Franchise Agreement. Remittances has been made after deduction of applicable income tax.
Financial Highlights & Auditors’ Report 33. Others : 33.1 Directors' remuneration for attending board meeting. No remuneration is paid to Directors for attending board meetings. 33.2 Directors' remuneration for special service rendered. No remuneration is paid to the Directors for special service rendered. 33.3 Receivable from directors No amount is lying as receivable from the Directors. For and on behalf of the Board of Directors of STS HOLDINGS LIMITED Sd/- Sd/- Sd/- Company Secretary Director Director 96/97
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STS HOLDINGS LIMITED Annual Report
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Contents
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This is Apollo Hospitals Dhaka This
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Our Vision & Mission “Our Vision
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He never thought he would live long
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Corporate Directory Corporate Direc
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Corporate Chronology April, 2008 Ju
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Our Success Stories In life, miracl
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Annual Report’ 11 Ophthalmology (
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Everybody wrote him off because of
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Board of Directors Mr. Mohammad A.
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From Left to Right: Mr. B. R. Sikde
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Message from the Chairman Distingui
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Message from the Chairman Limited i
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Directors’ Report Director’s Re
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Directors’ Report In addition, th
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Directors’ Report Election of Dir
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Corporate Governance Information Co
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Corporate Governance Information Se
Page 47 and 48: in the organization. On the basis o
Page 50: From Left to Right: Md. Shafiqul Is
Page 53 and 54: Management Discussion Operating Per
Page 55 and 56: Management Discussion Admission In
Page 57 and 58: Management Discussion Bed Category
Page 59 and 60: Management Discussion Lab Medicine
Page 61 and 62: Management Discussion 2010 2011 Var
Page 63 and 64: Management Discussion Surgery Perfo
Page 66: When his family was in a road accid
Page 69 and 70: Future Outlook FUTURE OUTLOOK It ha
Page 71 and 72: Multi-disciplinary Hospital in Chit
Page 73 and 74: Expansion of Hospital Complex in Ba
Page 76 and 77: Financial Highlights 2011 2010 2009
Page 78 and 79: Annual Report’ 11 STS HOLDINGS LI
Page 84 and 85: Annual Report’ 11 Medical and sur
Page 86 and 87: Annual Report’ 11 4. Property, pl
Page 88 and 89: Annual Report’ 11 8. Advances, de
Page 90 and 91: Annual Report’ 11 11 Position of
Page 92 and 93: Annual Report’ 11 Figures in Taka
Page 101: STS Holdings Limited (Registered Of
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Cover 1 - Apollo Hospitals Dhaka

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