2009-2010 - BIDS
2009-2010 - BIDS
2009-2010 - BIDS
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Annex 6: Financial Statements<br />
The financial management system of <strong>BIDS</strong> is sound and is based on modern and computerized accounting<br />
system in order to ensure the efficient and effective use of its limited resources. For meeting its expenses,<br />
<strong>BIDS</strong> receives grants from the government on an annual basis to match its own earnings from endowment<br />
funds and other sources. <strong>BIDS</strong> ensures a transparent and accountable financial management system<br />
supported by high standards of internal and external auditing on a regular basis. On financial matters,<br />
<strong>BIDS</strong> is accountable to its Board of Trustees as well as to the government.<br />
<strong>BIDS</strong> Financial Statement<br />
The summary statement of financial activities and the balance sheet given below is taken from the<br />
audited reports for the year ending 30 June <strong>2009</strong> and unaudited reports for the financial year ending 30<br />
June <strong>2010</strong>.<br />
Summary of <strong>BIDS</strong> Financial Statement<br />
Particulars 30.06.<strong>2009</strong> 30.06.<strong>2010</strong> (Unaudited)<br />
Property and Assets: Amount (TK) Amount (TK)<br />
Fixed Assets at written down Value 13,982,966.00 13,543,046.00<br />
<strong>BIDS</strong> Building 47,310,000.00 47,310,000.00<br />
Investments at cost 173,796,525.00 178,055,400.00<br />
Bills Receivable 7,898,413.00 16,069,230.50<br />
Sub Total 242,987,904.00 254,977,676.50<br />
Current Assets:<br />
Stock of Stationery 196,428.00 239,211.02<br />
Advance and Prepayments 4,059,237.00 4,504,040.00<br />
Cash and Bank Balances 28,934,456.00 348,993,331.90<br />
Sub Total 33,190,121.00 39,642,582.92<br />
Total: 276,178,025.00 294,620,259.42<br />
Fund and Liabilities:<br />
Capital Fund 22,934,096.00 22,944,744.85<br />
ADP allocation (Building Cons) 46,634,000.00 46,634,000.00<br />
Govt.Trust Fund 100,000,000.00 100,000,000.00<br />
Library End. Fund 31,346,000.00 31,346,000.00<br />
Professorial Fellowship Fund 5,591,888.00 5,619,555.00<br />
Other Funds 58,220,542.00 75,075,959.57<br />
Other Liabilities 11,451,499.00 13,000,000.00<br />
Total: 276,178,025.00 294,620,259.42<br />
Income:<br />
Allocation from the Govt. 33,505,000.00 39,141,000.00<br />
Interest on Investment 394,077.00<br />
Interest from Trust Fund 12,470,000.00 11,790,000.00<br />
<strong>BIDS</strong> Biennial Report <strong>2009</strong>-<strong>2010</strong> 81