Information Document - Dhaka Stock Exchange

(6) Changes in the assets used to pay off any liability:Cash disbursement of Tk. 13,894,196 was made during the accounting period ended 31 Dec, 2009 toreimburse portion of the term loan.(7) Loan taken from the holding/subsidiary company or loans given to those companies:KPCL did neither take any loan from nor give loan to any company for the last five years.(8) Future contractual liabilities:The company has no future contractual liabilities that may have impact on the company’s financialfundamentals.(9) Estimated future capital expenditure:The management of KPCL is currently in negotiation with BPDP for expansion of its existing plant foran additional capacity of 110 MW which is expected to be in operation by the end of year 2010.Other then above, there is no plan for capital expenditure in near future under caption ‘materialcommitment for capital expenditure’(10) VAT, income tax, customs duty or other tax liability:a) VATVAT is not applicable for the company for sale of electricity.b) Income taxAs per the Statutory Regulatory Order (SRO) 1999, SRO No. 114/99, the company is exempted fromincome tax for a period of 15 years from the date of commercial operation.c) Custom duty or other liabilityThe Company is exempted to import plant and machinery during construction and all other spareparts up to 10% of the plant & machinery cost without payment of customs duties. Duties and taxesare payable for other supplies as per provision of the Private Sector Power Generation Policy ofBangladesh.(11) Sources from which VAT, income tax, customs duty or other tax liabilities are to be paid:The payments of duties and taxes on spare part import, if payable, are to be made in the ordinarycourse of business.(12) Lease commitment:The company has signed lease agreement with BPDB for land usage for 17 years starting January 1, 1998, andthe lease commitment as above is being liquidated through repayment of monthly lease rental.(13) Lease Details:The company is obligated under non-cancelable lease for use of land leased out by BPDB that arerenewable on a periodic basis at the option of both lessor and lessee. During the period, rentalexpenses under non-cancelable operating leases aggregated Tk.3,355,293 The future minimumlease payments in respect of operating leases as at 31 Dec 2009 are as follows:31 Dec-09 31-Dec-08 31-Dec-07Amount due: Taka Taka TakaNot later than one year 3,242,955 3,242,955 3,242,955Later than one yearbut not later than five years 14,268,998 13,620,407 12,971,820Later than five years - 3,891,545 7,783,09029