(Continuation news of PROGRESLIF): resulting in violation of that particular BFRS. If Galaxy Capital Ltd. had been consolidated, elements in the accompanying financial statements would have been materially affected; Note 14.03-Investment in equity shares of the companies: Investment in Equity shares of 51% of Galaxy Capital Limited (a member of the Chittagong Stock Exchange) as on 31-12-2016 was Tk.30,855,000 and as on 31-12-2015 was Tk.30,855,000. (cont. 2)