Download Annual Report - Renata

21. Short term bank loanBank overdraft and short term loan with:Limit 2012 2011Taka Taka TakaEastern Bank LimitedThe Hongkong Shanghai Banking Corporation LimitedCity Bank LimitedStandard Chartered Bank LimitedCitibank N. A.Bank Asia LimitedAgrani Bank Limited570,000,0001,755,000,000800,000,0001,700,000,000500,000,0001,000,000,00092,477,1091,124,326,213248,532,627139,741,80839,976,735166,364,2521,186,4341,812,605,178367,776,761653,963,395272,990,973944,406,348163,322,279-533,0022,402,992,7586,325,000,000Securityi) First charge over all present and future stocks and book debts of Renata Limited jointly with Eastern Bank Limited, TheHongkong Shanghai Banking Corporation Limited, Citibank N A, City Bank Limited, Bank Asia Limited and StandardChartered Bank under pari-passu security sharing agreement.ii) First charge over all present and future plant and machinery of Renata Limited jointly as above.22. Provisions and other liabilitiesProvisions:Provision for diminution in value of investmentProvision for doubtful debtsProvision for obsolete inventoriesProvision for meeting expensesOther liabilities:Workers' profit participation fundWorkers' welfare fundVAT PayableWithholding VATExport commission payableVouchers Payable journalizedToll manufacturing charges payable-ZiskaRoyalty payableGrant from GAINNovartis (BD) LimitedRenata Agro LimitedPurnava Limited23. Provision for taxationOpening balanceAdd: Provision made during the yearLess: Tax paid during the yearClosing balance2012 2011TakaTaka259,30323,574,12128,895,30121,446,41974,175,144150,837,61341,782,93331,536,994233,2779,591,7722,214,5924,834,0654,826,0798,913,0931,659,204-9,856,344266,285,966340,461,110255,275,989400,255,434655,531,423253,421,332402,110,0916,47423,290,23825,009,41121,402,17069,708,293112,289,98248,028,42028,825,842-5,984,87318,869,573-12,543,56821,246,06516,423,77210,000,000-274,212,095343,920,388185,076,625300,877,218485,953,842230,677,853255,275,989•72