Annual Report 16-17 - DevCon · DevCon 2 Annual Report 2016 Key Performance Indicator BDT (*1.000)...

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Message from the Board of Directors ................................................ 1

Key Performance Indicator.................................................................. 2

Company Profile.................................................................................... 3• Transport ............................................................................................................4• Infrastructure.....................................................................................................4• Water & Safeguards (Social & Environment)..................................................5• Agriculture and Water Resources....................................................................5

Theme..................................................................................................... 6Transport & Infrastructure.................................................................. 6- Capacity Encement with CUBE:DevCon’s new Specialization.......................7- New Regional Hub in Memory of Bangladesh................................................8- Walkability Improvement of Dhaka City ........................................................9- Development of Inland Waterways as Multi-Model Transport -Future Imvestment Opportunities ............................................................................10

Water & Safeguards (Social & Env.)................................................... 11- Rural Piped Water Supply Project with Private Sector Participation ........12- LAP, RAP & EMP for Multi-Lane Road Tunnel under the River Karnaphuli, . Chittagong, Bangladesh ..................................................................................13

Agriculture & Water Resources Development & Management..... 14- DevCon Pioneered to Pave the Way for Implementing ‘Participatory Water Managment ’ in FCDI Projects .........................................................................15

Financial Statement .......................................................................... 16- Financial Figures (Flow Chart) ........................................................................18- Statement of Financial Position............................................................... 20-25

Quality Assurance System (QAS).................................................. 26-27

Message From the Board of DirectorsThe Board of Directors (BoD) presents the Annual Report 2016 of DevConsultants Limited, which represents the performance of the Company during the financial period from July 2015 to June 2016. The Annual Report has been approved by the Board of Directors (BoD) after due consultation with the Management Board (MB) of the Company and the Auditor M/S Zahur and Mostafa of Bangladesh.

The overall performance of DevCon during the reporting financial year is satisfactory. Positives growth in turnover and operating results have been observed, although sales have fallen substantially. Cash flow situation is still high, which is mainly due to increased accounts receivables and work in progress. The BoD therefore wish to request the MB to be more vigilant in project management and requests for extra effort to reduce the accounts receivables and work in progress.

Considering poor sales durting reporting period, the BoD also desires that the MB should also put extra effort in acquisition of new projects in various sectors in the following year. As the Country is experiencing a steady growth in GDP over the decades, it is therefore very much likely that the performance of the company could further be improved as several mega development projects are envisaged to be undertaken by the Government/private sectors/ODA in various sectors, particularly in infrastructure sector (transportation, subways, railways and airports etc.) in coming years.

The BoD recognizes the effort of the MB in developing in-house capacity with regard transport modelling through procurement of CUBE software and imparting training to young engineers of the company on the subject. The BoD is also thanksful to the MB and all staff members for their supports in successfully achieving the ISO Certification for EMS 14001:2015 and QMS 9001:2015.

Dhaka, February 18, 2017Bangladesh

Anisur RahmanChairman, Board of Directors

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Anisurrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr Rahm

MESSAGE FROM THE BOARD OF DIRECTORS

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Key Performance IndicatorBDT (*1.000)

2016-2015 2015-2014 2014-2013 2013-2012 2012-2011

Turnrr overNet turnover 268,486 223,393 185,565 192,383 147,329

ResultsttOpera ng result 86,296 75,261 64,269 65,476 58,930Profit margin 32.14% 33.69% 34.63% 34.03% 40.00%Earning per-share 784.51% 684.19% 584.26% 595.24% 535.73%

WoWW rkrr fk off rcrr eSales 98,306 1,052,073 131,440 103,825 56,593Added value 86,296 75,261 64,269 65,476 58,929Number of FTE (average) 346 247 266 278 385Temporaryrr staff (average) 77 75 88 81 158

Capitatt l EmployeedFixed assets 4,621 5,851 7,424 9,441 12,037Total assets 223,624 189,837 154,024 127,534 102,189

Equity 212,054 181,601 150,310 121,618 96,375Cash flow 74,965 84,357 44,292 28,590 20,447Other current liabili es 11,570 8,237 3,714 5,916 5,814

Company ProfileCompany Profile

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DevConsultants Limited (DevCon) is a multi-disciplinary consulting firm registered in Bangladesh. DevCon's objective is to provide professional and specialist services to their clients from both local and international market to ensure international standard of professional practices. Being a former member of DHV Group of the Netherlands, DevCon has built up within itself management and professional capability compatible to the needs of International Consulting standard. DevCon is registered in Bangladesh; it however has stepped in to the regional market with prospect of its stronger presence in South Asia. DevCon has ISO 9001:2015 Quality Management System (QMS) and ISO 14001:2015 Environmental Management System (EMS). DevCon maintain a pool of renowned specialists in most of the professional areas. Both the payroll staff and retainers are all renowned professionals in their field of specialization and a large number of them have experience overseas to work in multi-national and multi-cultural team. The Management of DevCon is presently vested with a Management Board Comprising of five members, guided by a Board of Directors comprising of two members. All the members have a proven outstanding professional career record with high-level management capabilities. The Management is well known to and familiar with the relevant development sectors in Bangladesh as well as with the regional and the international markets.DevCon’s focus is embodied in the slogan, “value creation in local development”. For DevCon, the end is therefore not the service itself, but:

The People who benefit from out of services, and the Growth that our services promote.DevCon’s core values are carried across the organization, guiding the approach and professional conduct of all staff.DevCon’s services are standalone based on the following core values:Client focus: The Company includes an extensive network of professionals and academicians and is active in many disciplines of services. This ensures diversity in company offers and expertise whereby DevCon can always follow its clients. The emphasis will therefore be on strengthening our own knowledge centers and expertise areas.Result-orientation: DevCon’s strategy is expedited towards generating the financial results required to ensure the continuity and growth of the company.Top expertise: A sound professional background enables us to conceive the best possible solutions to client’s needs. DevCon’s highly qualified staffs are strongly focused on personal and professional development. Respect: DevCon allows room for personal wishes. Tasks are appointed on the basis of individual skills and talent, and staffs have a large measure of responsibility in structuring their works. We respect other viewpoints, opinions and cultures, and we are conscious of our role in the society as a whole.Integrity: We advise clients from an independent perspective and honor the principles of integrity.Compliance: DevCon provides its services in accordance with the ethical rules as laid down in DevCon Business Integrity Management System (DBIMS), enacted in September 2008.

Transport

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Our Scope:

DevCon becomes a partner when it comes to development of transportation, to improvement of urban and rural services and to upgrading of infrastructural networks. DevCon services encompass the following fields:

Traffic, Transport and Transport Engineering Air Quality Management Roads and Highways Bridge and Flyover Port and Harbour Railways Airport

Complete Project-cycle:

Our consultants help clarify you to find feasible solutions. Next, our technical and financial specialists prepare designs, cost estimates, and support you applying proper tender procedures for your projects. Also, our engineers and other specialists are ready to manage contracts and supervise the works, taking the responsibilities as representative on site including environmental and resettlement assessment activities. After completion, our advisors are eager to provide the tools for operations and maintenance of your systems.

Our Scope:DevCon offers expertise and experience in the following fields: Rural Development Urban and Regional Development Fields of Activity:DevCon provides the following services for infrastructure projects starting from the initial concept planning and preliminary design through to construction supervision and assistance in management and maintenance.Rural Development and Connectivity: development impact studies, planning, design

and implementation of rural infrastructure e.g. markets, culverts / bridges and rural roads for connectivity for sustainable economic development including environmental and social impact assessment and monitoring and evaluation. Urban and Regional Regeneration: structure and master planning, detailed area planning, urban infrastructure planning and feasibility studies, detailed engineering and construction supervision with social and community development and environmental management.

Infrastructure

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Our Scope:DevCon offers expertise and experience in the following fields: Water Supply Sanitation, Sewerage and Urban Drainage Environmental Management Wastewater Treatment Social Assesment Climate Changes & AdaptationsFields of Activity:Water Supply: Water Resources Studies, Water Master Plan Feasibility Studies, Rural and Urban Water Supply, Industrial Water Supply. Wastewater Treatment: Domestic and Industrial Waste Water Treatment (Effluent Treatment Plant);Sanitation, Sewerage and Urban Drainage;

Integrated Rural Water Supply / Sanitation; Solid Waste Management; Sewerage and Urban Drainage; Soil and Groundwater Pollution.Environmental Management: Environmental Surveys and Impact Assessment; Environmental Policies and Management Plans.Social: Social Studies, Social Impact Assessment (SIA), Resettlement Action Planning (RAP), Land Acquisition Planning (LAP)Climate Changes: Climate resilient Infrastructure Planning, Climate adaptation studies & Planning.DevCon Water is able to provide a total capability throughout the water cycle & environmental issues.

Our Scope:DevCon offers expertise and experience in the following fields: Flood Control and Bank Protection Drainage Improvement Estuary Development Irrigation and Agricultural Development Participatory Water Resources Management Capacity Building Impact AssesmentFields of Activity:Services include (a) Surveys, investigations and reconnaissance studies; (b) Project Identification, (c) Planning, Preliminary Designs, Techno-Economic Analysis and Feasibility Studies; (d) Detailed Design and Tender Document; (e) Construction Supervision and

Contract Management; (f) Management and Training Advice; (g) Monitoring and EvaluationDevCon believes in team work and an integrated approach involving Engineers, Agronomists, Aqua-culturists, Economists, Sociologists, Environmentalists, Extension Personnel, Credit Specialists and many other specialists for making a project success. The Professional team of DevCon helps to strengthen farmer’s organizations in the process of integrated water resources planning and management, and also to meet the water demand of diverse interest groups. Technical assistance, institutional strengthening and training, and the implementation of specific projects are part of its process.

Agriculture and Water Resources Development & Management

Techno-Economic AnalStudies; (d) Detailed Design and TendeStudies; (d) Detaile

ction Supervision andDocument; (e) Construction Super

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Water & Safeguards

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Transport and Infrastructure

DevCon purchased and organized training program for the in-house staff (civil engineers and urban planners) to enhance their capability in Transport Planning/Modelling. The training focused on the first hand use of the transport modelling software named CUBE (latest version 6.4), developed by CITILABS. The trained team has developed a transport demand model of the proposed East-West Elevated Expressway (section of Middle Ring Road to connect Chittagong Highway N1 to Khulna Highway N8).

Cube is the most flexible and open transportation and land-use modeling platform, helping planners and transportation engineers make the most informed decisions to create a better transportation system.

Use of CUBE in transport modelling can benefit by the following:• Data can be processed in larger chunks with more

accuracy.• CUBE handles ‘BIG’ networks! (Tested up to 10

MILLION links and nodes)• Comes with a new program – Air Quality Post

Processor (AQPP) to calculate emission using MOVES data.

• Cube is now compatible with ESRI ArcGIS 10.2.2 and uses this as the default ArcGIS Engine.

• Bigger, better, faster matrix estimation• Estimation of time-sliced trip matrices• Direct usage in Cube Avenue for simulation of

corridors, sub areas• Perfect approach for Managed Lanes Analysis• Multi-language capabilities in Cube script editor• Improved editing of file geodatabases• IMPROVEMENTS TO HIGHWAY MODELING:

Improved Intersection Modeling, path trace (skim) and path load performance, Enhanced Shortest Path Building

• Start 1, 10 or 100 scenarios simultaneously—they all start immediately

• Improve validation and forecasts by doing more tests

• Convenient data view, editing and manipulation options

DevCon’s young professionals are now capable of the following tasks of modeling -

• Traffic Survey Design: OD Survey, VC Survey, TT Survey, WTP Survey etc.

• Traffic Analysis Zoning• Survey Data Analyses• Matrix Analyses• Transport Network Building• Understanding and modify Existing Traffic models of

other projects.

Please Contact Mr. Atif Maswood M. Saadi for details at [email protected]

Capacity Enhancement with CUBE: DevCon’s New Specialization


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Studies show that the Air Traffic growth in Bangladesh is one of the highest among the countries of Asia, which would result in to saturation of existing Hazrat Shahjalal International Airport (HSIA) in spite of its expansion to a third terminal and a new terminal will become necessary by 2035. In addition, the existing HSIA is surrounded by residential and cantonment area restricting its expansion and it is not capable of handling the new generation (F code) Aircrafts like Air bus 380, B747-8F, B777-300ER etc.

The Government of Bangladesh has decided to go for the construction of a new modern international airport and to create a hub airport in this region and meet growing traffic demand of the country.

The proposed airport will cover an area of 8,000 acres of land and will take presumably 10 years to complete. Hence, the goal of the Project led by Japanese consulting firm Nippon Koei Co. Ltd. is to construct a new modern International Airport- ‘Bangabandhu Sheikh Mujib International Airport’ named after the nation’s father; and to be more specific, to conduct detailed feasibility study and site selection for the new airport. DevCon, as one and has been providing necessary technical expertise for conducting the study and selection of the best site. Despite years of experience in road transport sector and a good number of projects of similar nature, this is, however, DevCon’s first involvement in a project related to construction of an Airport.

The study, funded by CAAB is being carried out in conformity with ICAO and FAA regulations and guidelines in practice and shall include development of

infrastructure necessary to build a new modern International Airport and communication link (Expressway, Railway, MRT etc.) with the capital city Dhaka. The new airport will cater the needs for the operation of Code 4F type Aircraft.

Please Contact Mr. Atif Maswood M. Saadi for details at [email protected]


New Regional Hub in Memory of BangabandhuNew Regional Hub in Memory of Bangabandhu

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Walkability Improvement of Dhaka City


Dhaka, the Capital of the country is one of the world’s most populated cities having 17 million residents. The city streets are buzzing with traffic both vehicular and pedestrian almost throughout the day. From the STP-2005 statistics, about 22% of the city’s total persons trips are made on foot and according to DHUTS study of 2009, the ratio is 20%. This pedestrian movement is maximum in the commercial areas like Paltan, Motijheel and Gulistan- the zero point of the country. However, facilities for the people on foot are very limited compared to the volume of pedestrians and in cases due to hawkers occupying the existing footpath. Thus, the improvement of the walking facilities is of vital importance for the city dwellers. In this regard, the Mayor of the Dhaka South City Corporation (DSCC) have decided to construct the country’s first 1+ km long Elevated Walkway as a ‘Pilot Project’ in Gulistan area, starting at Paltan and DevCon is the sole consultant responsible for the feasibility, design and construction supervision. The all-weather walking facility is designed with innovate architectural concepts and modern technologies and is expected to provide:

• Reduced on-street congestion and all-weather walking environment (UV proof PC sun panel semi-closed roofing with),

• Secured passage; equipped with CCTV and firefighting system

• Habitual change of pedestrians; comfort of walking with lifts and escalators encouraging users

• Beautification in terms of LED lighting, good ventilation and inclusion of GREEN

• Use of Solar energy• Connectivity with the proposed MRT station in Press

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Again, the Dhaka North City Corporation (DNCC) recently took major initiative to improve with their ongoing Improvement of Different Damaged Infrastructures Project (IDIP), where most roads of length 204 km under its jurisdiction and associated infrastructures including footpath, underground pipe drain, and open drains are being constructed/ reconstructed with the combined fund of DNCC and GOB. DevCon is currently supervising the widespread civil works ongoing throughout the northern part of Dhaka city that includes. The project interventions will ensure smooth traffic movement, improved drainage, and better walkability for the passersby in light of the international standard.

These dynamic steps of the two municipal authorities of Dhaka will ultimately yield in comfort of the traffic and better livability for the city inhabitants.

Please Contact Mr. Hamim Ahmed for details at [email protected]

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Development of Inland Waterways as Multi-Model Transport Corridors-Future Investment Opportunities

Bangladesh is the world’s largest delta formed by the Ganges, Brahmaputra (Jamuna), and Meghna river system and its tributaries and distributaries. Its riverine area covers some 9,384 km2 and includes approximately 700 rivers, streams and canals with a total length of about 24,000 km. Of this, approximately 5,923 km are navigable during the monsoon (wet) period, shrinking to about 3,865 km in the dry periods. The development of multi-modal transport corridors and networks through the Inland Waterway Transport (IWT) network has a paramount importance in economic development of Bangladesh.

BIWTA has identified a total of 90 routes within the total river network and recently has carried out “Inland Waterway Navigability Improvement Feasibility Study” funded by the World Bank for 53 potential routes. This study is now expected to develop a potential investment opportunities which will improve IWT corridors through improvement of navigability for passengers and cargo transport. The investment plan will ultimately facilitate economic development of the country through large scale increase of domestic and international trade through inland waterways.

DevCon was proud to be involved in the study along with RHDHV of the Netherlands (lead consultants), IWM and BETS.

Please Contact Mr. Moniruzzaman for details at [email protected]


Water &Safeguards (Social & Env)

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Rural Piped Water Supply Project with Private Sector Participation

There is a growing demand for piped water supply in many rural areas because of arsenic, iron, salinity and other water quality problems as wells as to satisfy peoples aspiration for higher service levels. The Department of Public Health Engineer (DPHE), with the support of the World Bank, has taken up an innovative project, with private sector participation, for the construction and operations of piped water supplies. The private operator would contribute 30% of the capital cost, construct the system and operate and maintain it for 12 years after which they would hand it over to the local government. In order to enhance the demand and sustainability of the piped water supplies, the local communities and the local government institutions are closely involved in its planning and operations.

A consultancy contract was signed with DPHE in November 2013 for a period of 4 years. The objective of the consultancy was to select feasible villages for piped water supply, prepare detail engineering design of water supply components, construction supervision and technical and management capacity building. It is expected that the participation of private sector would bring a new approach in future planning and development of Rural Water Supply Sector in Bangladesh. By June 2017, 37 piped water supply schemes would be in operations in rural areas of Bangladesh with this new approach.

Please Contact Dr. Tanveer Ahsan for details at [email protected]

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The multi-lane tunnel under Karnphuli River is being constructed under a government-to-government agreement between Bangladesh and China. This is the first ever tunnel in Bangladesh with a length over 9 kilometer including 3 km tunnel and will connect Potenga side (near Chittagong airport) to the Anwara upazila side that will be linked with the road to Cox’s Bazar. The project includes a flyover at the Anwara end. One of the reasons for constructing the tunnel instead of a bridge was avoid the siltation problem in the river. The tunnel will improve the regional connectivity and vastly accelerate the economic of the locality as well that of the whole country.

DevCon is conducting environmental and social assessments following strict international standards. Qualitative and quantitate surveys including extensive consultation with the local communities are being conducted and the environmental and social management plans are being prepared. Specifically, mitigation measures are being planned through Environmental Management Plan (EMP) and Resettlement Action Plan (RAP). Land Acquisition Plan (LAP) is prepared by avoiding private land as much as possible. The alignment of the approach roads in both sides have been selected considering the environment and minimizing the occupation of private lands. There are plans to improve the local environment and to restore the livelihood of the affected people – they will be provided land for relocation.

Please Contact Mr. Shariful Islam for details at [email protected]

Water, Environment & Social

LAP, RAP & EMP for Multi-Lane Road Tunnel under the River Karnaphuli, Chittagong, Bangladesh

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Agriculture and WaterResources Developmentand Managment

DevCon Pioneered to Pave the Way for Implementing ‘Participatory Water Management’ in FCDI Projects;


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institutional development process at the sub-project level. This is the first success case for large schemes among several trials over many years.

Renovation of water management infrastructures in the two targeted sub-project areas namely the Narail Beel Sub-project and Chenchuri Beel Sub-project has been substantially completed with definitive achievements. Recognizing the success in developing a successful CDD approach, ADB has already documented the approach and methodology in a booklet (copyright 2016(ADB) published in 2016 as creative common attribution. This great achievement is now being implemented and will be implemented in all ADB funded projects all over the world.

Please Contact Mr. Moniruzzaman for details at [email protected] DevCon feels proud to become a partner in Community-Driven

Development (CDD) initiatives by the Asian Development Bank, persuading an institutional change in the planning and management of water resources in Bangladesh. DevCon has already shown its’ efficiency to shoulder the responsibility in the Southwest Area Integrated Water Resources Planning and Management Project (SWAIWRMP), which set a milestone in the country’s water resources management and related

Financial Statement

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56,5

93

103,

825

131,

440

1,05

2,07

3

98,3

06

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

CASH FLOW

Amou

nt in

Tak

a (0

00)

Financial Year

147,

329 19

2,38

3

185,

565 22

3,39

3 268,

486

- 25,000

50,000 75,000

100,000 125,000

150,000 175,000

200,000 225,000

250,000 275,000

300,000

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

TURNOVER

Amou

nt in

Tak

a (0

00)

Financial Year

20,447

28,590 44,2

92

84,357

74,965

- 10,000

20,000 30,000

40,000 50,000

60,000 70,000

80,000 90,000

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

CASH FLOW

Amount i

n Taka (0

00)

Financial Year

60,00070,000

2011-2012 2012 2013

(00

77 80,00090,000

0)

306

2014-2015

ar

1,0

1,200,0

013 20

988,3

-

200,000

400,000

600,000

2015-2016

Amou

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TT

800,000

00,000

Taka

(000

)

00

Notes2016

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0222

Independent Auditors’ ReportZAHUR & MOSTAFIZ Chartered Accountants; Member firm of Kreston International

IntroductionWe have audited the accompanying financial statements of DEVCONSULTANTS Limited whichcomprise the Balance Sheet as at 30th June, 2016 and the statement of Profit or Loss and Other Comprehensive Income & the Changes in Equity for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management's Responsibility for the Financial StatementsManagement is responsible for the preparation and fair presentation of these financial statements in accordance with Bangladesh Financial Reporting Standards (BFRS), the Companies Act 1994 and other applicable laws and regulations, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due tofraud or error.

Auditors' ResponsibilityOur responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Bangladesh Standards on Auditing (BSA). Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

AAn audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on our judgment, including the assessment of the risks of material misstatement of the financial statements, hether due to fraud or error. In making those risk assessments, we consider internal control relevant to the entity's preparation and fairpresentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes

evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

OpinionIn our opinion, the financial statements give a true and fair view of the financial position as at 30th June, 2016 of its financial performance and its cash flows for the year then ended in accordance Bangladesh Financial Reporting Standards, the Companies Act 1994 and other applicable laws and regulations.

We also report that:

a) We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit and made due verification thereof;

b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appeared from our examination of those books; and

c) The Balance Sheet and Profit or Loss account and Other Comprehensive Income dealt with by the report are in agreement with the books of accounts and returns.

Zahur & MostafizChartered Accountants

FINANCIAL STATEMENT

DevC

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1717

Ann

ual R

eport

2016

FINANCIAL STATEMENT

Financial Figures (Flow Charts)

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on

1818

Ann

ual R

eport

2016

56,5

93

103,

825

131,

440

1,05

2,07

3

98,3

06

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

SALES

Amou

nt in

Tak

a (0

00)

Financial Year

147,

329 19

2,38

3

185,

565 22

3,39

3 268,

486

- 25,000 50,000 75,000 100,000 125,000 150,000 175,000 200,000 225,000 250,000 275,000 300,000

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

TURNOVER

Amou

nt in

Tak

a (0

00)

Financial Year

FINANCIAL STATEMENT

DevC

on

1919

Ann

ual R

eport

2016

20,4

47

28,5

90 44

,292

84,3

57

74,9

65

-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

CASH FLOW

Amou

nt in

Tak

a (0

00)

Financial Year

Water & Safeguards11%

Transport 42%

Agriculture and WaterResources

Developmentand Management

40%

Infrastructure7%

TURNOVER BY SECTOR FY2015-2016

FINANCIAL STATEMENT

Statement of Financial PositionAs at 30th June 2016

DevC

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2020

Ann

ual R

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2016

Notes2016Taka

2015Taka

ASSETSNon-Current Assets

Fixed Assets 3 4,621,447 5,851,049

Currents Assets

Advance Income Tax 4 28,196,444 25,871,327Account receivables 5 39,649,210 25,465,775Advances, deposits, and prepayments 6 76,191,420 48,292,116Cash and Bank Balances 7 74,964,991 84,357,056

219,002,065 183,986,274

TOTAL 223,623,512 189,837,323

Equity & Liabilities

EquityShare capital 8 1,100,000 1,100,000Share money Deposit 900,000 900,000Retained earnings 9 210,053,895 179,600,544

212,053,895 181,600,544

Current Liabilities Liabilities for expenses 10 11,569,618 8,236,779

Total Current Liabilities 11,569,618 8,236,779

TOTAL 223,623,513 189,837,323

FINANCIAL STATEMENT

Statement of Comprehensive IncomeFor the year ended 30th June 2016

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2121

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2016

Notes2016

Taka2015

Taka

Turnover 11 268,485,774 223,392,900Less: Cost of Projects 12 (182,189,439) (148,132,365)

Revenue from Projects 86,296,335 75,260,535

Overhead Costs 13 (20,162,633) (18,007,280)Social Costs 14 (2,176,197) (1,400,665)Administrative 15 (11,099,866) (8,408,704)Operating Profit 52,857,639 47,443,886

Add: Non-operating Income 16 3,194,681 712,845

Profit before Tax from ordinary Activities

56,052,320 48,156,731

Provision for Tax:For the Assessment year 2016-2017 (19,618,312) - For the Assessment year 2015-2016 (16,854,856)For the Assessment year 2014-2015 (2,958,605)For the Assessment year 2013-2014 (3,022,053) - Net Profit for the year Transferred to Retained Earnings

9 30,453,350 31,301,875

FINANCIAL STATEMENT


DevC

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2222

Ann

ual R

eport

2016

Notes2015Taka

2014Taka

ASSETS

Non-Current AssetsFixed Assets 3 5,851,049 7,423,812

Currents AssetsAdvance Income Tax 4 25,871,327 22,074,748Account receivables 5 25,465,775 15,063,992Advances, deposits, and prepayments 6 48,292,116 65,169,610Cash and Bank Balances 7 84,357,056 44,292,304

183,986,274 146,600,654

TOTAL 189,837,323 154,024,466



181,600,544 150,310,462

Current Liabilities Liabilities for expenses 10 8,236,779 3,714,004Total Current Liabilities 8,236,779 3,714,004

TOTAL 189,837,323 154,024,466

FINANCIAL STATEMENT


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2323

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ual R

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2016

Notes2015

Taka2014

Taka



Less: Selling,General & Administrative expenses 13 (27,816,649) (20,663,823)Operating Profit 47,443,886 43,604,757

Add: Non-operating Income 14 712,845 537,743

48,156,731 44,142,500

Less: Non-operating and Financial Expenses - -

Profit before Tax from ordinary Activities 48,156,731 44,142,500

Provision for Tax:

For the Assessment year 2015-2016 (16,854,856) - For the Assessment year 2014-2015 (15,449,875)Net Profit for the year Transferred to Retained Earnings

9 31,301,875 28,692,625

FINANCIAL STATEMENT


DevC

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2424

Ann

ual R

eport

2016

Notes2014Taka

2013Taka

ASSETS

Non-Current AssetsFixed Assets 3 7,423,812 9,441,290

Currents AssetsAdvance Income Tax 4 22,074,748 18,850,251Account receivables 5 15,063,992 14,326,139Advances, deposits, and prepayments 6 65,169,610 56,326,013Cash and Bank Balances 7 44,292,304 28,590,297

146,600,654 118,092,700

TOTAL 154,024,466 127,533,990



150,310,462 121,617,837

Current Liabilities Liabilities for expenses 10 3,714,004 5,916,154Total Current Liabilities 3,714,004 5,916,154

TOTAL 154,024,466 127,533,991

FINANCIAL STATEMENT


DevC

on

2525

Ann

ual R

eport

2016

Notes2014

Taka2013

Taka



Less: Selling,General & Administrative expenses 13 (20,663,823) (25,087,619)Operating Profit 43,604,757 40,388,761

Add: Non-operating Income 14 537,743 -

44,142,500 40,388,761

Less: Non-operating and Financial Expenses - -

Profit before Tax from ordinary Activities 44,142,500 40,388,761

Provision for Tax:

For the Assessment year 2014-2015 (15,449,875) - For the Assessment year 2013-2014 (15,145,785)Net Profit for the year Transferred to Retained Earnings

9 28,692,625 25,242,976

Quality Assurance System (QAS)ISO 9001:2015 Quality Management System (QMS)

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2626

Ann

ual R

eport

2016

ISO 14001:2015 Environmental Management System (EMS). ).

DevC

on

2727

Ann

ual R

eport

2016

2016

Leading Today for TomorrowLeading Today for TomorrowDevConDevCon

DevConsultants LimitedHouse 69, Road 16, Block-ABanani, Dhaka-1213, BangladeshTel.: +880 2 55035214 - 16; Fax: +880 2 55035217Email: [email protected]: http://devconbd.com

Annual Report 16-17 - DevCon · DevCon 2 Annual Report 2016 Key Performance Indicator BDT (*1.000)...

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Transcript of Annual Report 16-17 - DevCon · DevCon 2 Annual Report 2016 Key Performance Indicator BDT (*1.000)...