annual report 16-17 - devcon · devcon 2 annual report 2016 key performance indicator bdt (*1.000)...
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Leading Today for TomorrowLeading Today for TomorrowDevConDevCon
annual report2016
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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
Transport and Infrastructure
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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]
Transport and Infrastructure
New Regional Hub in Memory of BangabandhuNew Regional Hub in Memory of Bangabandhu
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Walkability Improvement of Dhaka City
Transport and Infrastructure
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]
Transport and Infrastructure
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;
Transport and Infrastructure
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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
ntin
TT
800,000
00,000
Taka
(000
)
00
Notes2016
Taka20155555555
TakaASSETS
Non-Curren 866t 8866Assets
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CASH
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Financial Year
8,5590
2922
884,357
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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
on
1717
Ann
ual R
eport
2016
FINANCIAL STATEMENT
Financial Figures (Flow Charts)
DevC
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
on
2020
Ann
ual R
eport
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
DevC
on
2121
Ann
ual R
eport
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
Statement of Financial PositionAs at 30th June 2015
DevC
on
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
Equity & Liabilities
EquityShare capital 8 1,100,000 1,100,000Share money Deposit 900,000 900,000Retained earnings 9 179,600,544 148,310,462
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
Statement of Comprehensive IncomeFor the year ended 30th June 2015
DevC
on
2323
Ann
ual R
eport
2016
Notes2015
Taka2014
Taka
Turnover 11 223,392,900 185,564,682Less: Cost of Projects 12 (148,132,365) (121,296,102)
Revenue from Projects 75,260,535 64,268,580
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
Statement of Financial PositionAs at 30th June 2014
DevC
on
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
Equity & Liabilities
EquityShare capital 8 1,100,000 1,100,000Share money Deposit 900,000 900,000Retained earnings 9 148,310,462 119,617,837
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
Statement of Comprehensive IncomeFor the year ended 30th June 2014
DevC
on
2525
Ann
ual R
eport
2016
Notes2014
Taka2013
Taka
Turnover 11 185,564,682 192,383,247Less: Cost of Projects 12 (121,296,102) (126,906,867)
Revenue from Projects 64,268,580 65,476,380
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)
DevC
on
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