27. Salary and allowancesYear wise break up of salary and allowances of the employees of the company for the since inception are asfollows:YearAmount (Taka)1998 (13 Oct to 31 Dec) 973,1471999 5,517,1802000 6,217,1832001 6,198,7052002 7,127,0442003 10,839,2992004 12,275,2092005 17,220,0592006 18,660,0042007 20,438,7582008 17,822,6402009 13,226,17228. Commitment for capital expenditureThere is no other commitment for capital expenditure as of 31 December 2009 for the company except of an'Alternator' for which procurement order was being initiated by the company amounting to Euro 287,745 but noshipment is being made by the seller.29. Contingent liabilityThere is no contingent liability as of 31 December 2009 for the company.30. Post balance sheet event30.1The company has applied to <strong>Dhaka</strong> <strong>Stock</strong> <strong>Exchange</strong> and Chittagong <strong>Stock</strong> <strong>Exchange</strong> for the purpose of directlisting under the Direct Listing Regulations 2006 and the matter is in the process of approval.30.2There is no material event that has occurred after the balance sheet date to the date of issue of thesefinancial statements, which could affect the figures stated in the financial statements.31. General31.1During the year the company had nine permanent employees and their individual remuneration rate was notless than Tk 36,000 per annum (2008: ten permanent employees).31.2 Previous year's figures have been rearranged, wherever considered necessary, to conform to current year'spresentation.
Khulna Power Company LtdProjected Income Statement for the year ended 31 December2009 2010 2011 2012 2013 2014Taka Taka Taka Taka Taka TakaRevenueFuel Tariff 4,410,304,818 7,980,019,317 13,817,350,187 14,272,563,416 14,659,976,586 15,100,287,579OMT Tariff 1,982,771,320 2,775,869,075 4,649,962,505 4,803,011,181 4,933,299,290 5,081,357,739Total Revenue 6,393,076,138 10,755,888,392 18,467,312,692 19,075,574,597 19,593,275,876 20,181,645,317Fuel expense 4,979,552,938 8,577,539,929 14,445,141,275 14,920,922,283 15,326,404,432 15,786,522,644Gross Margin 1,413,523,200 2,178,348,463 4,022,171,417 4,154,652,314 4,266,871,444 4,395,122,673Operating ExpensesOperations and maintenance 496,387,941 704,627,345 1,009,786,516 1,055,908,154 1,098,742,466 1,146,270,553Other Operating expenses 57,372,293 34,888,874 39,371,774 40,437,738 41,538,738 42,675,846General & Administrative Expenses 22,880,851 33,043,718 38,631,482 40,949,563 43,466,125 46,199,543Operating insurance 32,466,173 34,247,500 51,984,100 53,543,700 55,150,200 56,804,700Depreciation and amortization 190,006,089 209,543,848 325,444,900 325,448,488 325,452,172 325,455,976Total other operating expenses 799,113,347 1,016,351,285 1,465,218,773 1,516,287,644 1,564,349,700 1,617,406,618Operating income (loss) 614,409,853 1,161,997,178 2,556,952,645 2,638,364,670 2,702,521,744 2,777,716,056Other (income) and expenseInterest expenses & other financial charges 17,483,802 268,869,793 807,479,962 793,136,251 735,197,794 677,315,726Interest & Other (income) (101,411,971) (5,611,875) (9,829,728) (9,996,828) (10,168,956) (10,346,172)<strong>Exchange</strong> loss/(gain) (2,174,414) 5,901,251 8,713,148 8,824,556 8,939,300 9,057,452Net profit before income tax 700,512,436 892,838,009 1,750,589,263 1,846,400,692 1,968,553,606 2,101,689,050Income tax - - - - - -Net profit after income tax 700,512,436 892,838,009 1,750,589,263 1,846,400,692 1,968,553,606 2,101,689,050Accumulated Profit brought forward 85,844,827 255,733,763 287,393,982 1,032,618,555 1,617,661,809 2,269,121,927Accumulated Profit before Preferred Dividend 786,357,263 1,148,571,772 2,037,983,245 2,879,019,247 3,586,215,415 4,370,810,977Dividend on 10.3125% Preference Shares 113,437,500 113,437,500 90,750,000 68,062,500 68,062,500 68,062,500Accumulated Profit after Preferred Dividend 672,919,763 1,035,134,272 1,947,233,245 2,810,956,747 3,518,152,915 4,302,748,477Redemption of 10.3125% Preference Share - 220,000,000 220,000,000 220,000,000 220,000,000 220,000,000Proposed Dividend -Equity Shareholders' 417,186,000 527,740,290 694,614,690 973,294,938 1,029,030,988 1,170,200,472Accumulated Profit carried forward 255,733,763 287,393,982 1,032,618,555 1,617,661,809 2,269,121,927 2,912,548,005Earnings per share 2.81 3.40 7.17 7.31 7.39 7.82Note: Redemption of preference shares shall effective from May 2010.