3.9 Statement of Cash FlowsThe Statement of Cash Flows has been prepared in accordance with the requirements of BAS 7: Statement of Cash Flows.The cash generating from operating activities has been reported using the Direct Method as prescribed by the Securities andExchange Rules, 1987 and as the benchmark treatment of BAS 7 whereby major classes of gross cash receipts and grosscash payments from operating activities are disclosed.3.10 Related Party DisclosuresThe company carried out a number of transactions with related parties in the normal course of business and on arms’ lengthbasis. The information as required by BAS 24: Related party Disclosures has been disclosed in a separate note to theaccounts.3.11 Events after the <strong>Report</strong>ing PeriodIn compliance with the requirements of BAS 10: Events After the <strong>Report</strong>ing Period, post statement of financial position eventsthat provide additional information about the company’s position at the statement of financial position date are reflected in thefinancial statements and events after the statement of financial position date that are not adjusting events are disclosed in thenotes when material.3.12 Date of authorization for issue of the financial statementsOn 30 April 2013, the Board of Directors reviewed the financial statements and authorized them for issue.4. Directors’ responsibility statementThe Board of Directors takes the responsibility for the preparation and fair presentation of these financial statements.•62
5. Property, plant and equipmentParticularsFreehold land:At costOn revaluationBuilding:At costOn revaluationAt1 Jan 2012COST/REVALUATIONSAdditionsduringthe yearDisposal/adjustmentduring the yearAt31 Dec 2012RateAt1 Jan 2012DEPRECIATIONChargeduringthe yearDisposal/ Atadjustment 31 Dec 2012during the yearWritten downvalue at31 Dec 2012Taka Taka Taka Taka % Taka Taka Taka Taka Taka704,614,058179,132,078883,746,136951,940,08941,291,251993,231,34096,938,803-96,938,803433,901,979-433,901,979------801,552,861179,132,078980,684,9391,385,842,06841,291,2511,427,133,319-1.54 - 51.54 - 5---71,753,9389,879,24881,633,186---38,673,941635,88539,309,826---------110,427,87910,515,133120,943,012801,552,861179,132,078980,684,9391,275,414,18930,776,1181,306,190,307Plant and machinery2,344,407,156240,891,870-2,585,299,0265 - 20543,014,977205,627,047-748,642,0241,836,657,002Automobiles and trucks238,052,78517,410,000112,819,730142,643,05525136,789,05422,621,25353,785,968105,624,33937,018,716Office equipment116,353,92030,075,013-146,428,93310 - 12.554,899,87316,353,363-71,253,23675,175,697Furniture and fixtures35,171,81213,243,337-48,415,1491011,776,6923,438,757-15,215,44933,199,700Total 20124,610,963,149832,461,002112,819,7305,330,604,421828,113,782287,350,24653,785,968 1,061,678,0604,268,926,361Total 20113,170,692,2831,454,587,71314,316,8474,610,963,149606,119,995232,024,65110,030,865828,113,7823,782,849,3675.1 Initially recognised value of fully depreciated assets included in property, plant and equipmentare as follows:Cost in TakaBuildingPlant and machineryAutomobiles and trucksOffice equipmentComputer equipmentFurniture and fixtures4,448,82468,335,94858,659,55517,987,2666,457,5353,949,857159,838,9855.2 The freehold land of the Company measuring 171.884 acres are located at:Mirpur, DhakaPekua, Cox's BazarBarishal SadarGondogram,BograLakshimipur, Rajshahi City Corporation.Dogri Rajendrapur, GazipurKashor Gore, Bhaluka, MymensingSagordighi, TangailSiddikhali, TangailGhatail, TangailDhamsur, Bhaluka, MymensinghTurag, DhakaSreepur, GazipurKeranigonj, DhakaFaridpurFeniChatropur, MymensinghPhulbaria, MymensinghMymensingh DepotSylhet DepotBogra DepotLohaboy, Bhaluka,Total12.00045.1900.2900.2700.14916.69822.47813.2451.05013.23416.9300.66013.8300.5900.4100.3650.5588.5030.0350.4830.4534.463171.884acresacresacresacresacresacresacresacresacresacresacresacresacresacresacresacresacresacresacresacresacresacresacres63 •renata annual report 12
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