Information Document - Dhaka Stock Exchange

Auditors’ Report to the Shareholders ofKhulna Power Company Ltd.We have audited the accompanying balance sheet of Khulna Power Company Ltd. as at 31December 2009 and the related profit and loss account, statement of changes in equity andcash flow statement for the year then ended and a summary of significant accountingpolicies and other explanatory notes. The preparation of these financial statements is theresponsibility of the company’s management. Our responsibility is to express anindependent opinion on these financial statements based on our audit.We conducted our audit in accordance with Bangladesh Standards on Auditing (BSA). Thosestandards require that we plan and perform the audit to obtain reasonable assurancewhether the financial statements are free of material misstatement. An audit includesexamining, on a test basis, evidence supporting the amounts and disclosures in the financialstatements. An audit also includes assessing the accounting principles used and significantestimates made by management, as well as evaluating the overall financial statementpresentation. We believe that our audit provides a reasonable basis for our opinion.In our opinion, the financial statements prepared in accordance with Bangladesh AccountingStandards (BAS) and Bangladesh Financial Reporting Standards (BFRS), give a true and fairview of the state of the company’s affairs as at 31 December 2009 and of the results of itsoperations and its cash flows for the year then ended and comply with the Companies Act1994, the Securities and Exchange Rules 1987 and other applicable laws and regulations.We also report that:a)b)we have obtained all the information and explanations which to the best of ourknowledge and belief were necessary for the purposes of our audit and made dueverification thereof;in our opinion, proper books of account as required by law have been kept by thecompany so far as it appeared from our examination of these books;c)the company’s balance sheet and profit and loss account dealt with by this report arein agreement with the books of account; andd)the expenditures incurred were for the purposes of the company's business.Dhaka, 20 February 2010Sd/-Rahman Rahman HuqChartered Accountants