 |
 |
|
|
|
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|
Balance
Sheet
AS AT 31ST DECEMBER 2003 |
| |
2003 |
2002 |
| |
Taka |
Taka |
| PROPERTY
& ASSETS |
| Cash |
1,668,051,148 |
1,524,548,772 |
| Cash
in Hand (Including Foreign
Currencies) |
483,929,206 |
551,512,340 |
| Balance
With Bangladesh Bank &
Sonali Bank |
1,184,121,942 |
973,036,432 |
| (Including
Foreign Currencies) |
|
|
| |
| Balance
with other banks & financial
institution |
479,634,768 |
1,618,999,260 |
| In
Bangladesh |
479,634,768 |
1,499,408,081 |
| Outside
Bamgladesh |
- |
119,591,179 |
| |
| Money
at call and short notice |
2,265,000,000 |
710,000,000 |
| |
| Investments |
3,021,669,900 |
3,961,596,750 |
| Government |
2,913,337,500 |
3,920,348,100 |
| Others |
108,332,400 |
41,248,650 |
| |
| Loans
and advances |
14,396,440,375 |
11,826,081,553 |
| Loans,Cash
Credit Overdrafts etc |
13,119,924,379 |
11,051,317,475 |
| Bills
purchased and discounted |
1,276,515,996 |
774,764,078 |
| |
| Premises
and fixed assets |
275,956,759 |
264,332,203 |
| (less
Depriciation) |
|
|
| |
| Other
assets |
690,134,271 |
747,275,112 |
| Non-banking
assets |
- |
- |
| |
| TOTAL
ASSETS |
22,796,887,221 |
20,652,833,650 |
| |
| LIABILITIES
AND CAPITAL |
| Liabilities: |
| Borrowing
from other banks and financial
institutions agents etc |
71,498,911 |
25,750,270 |
| |
| Deposites
and the other accounts |
17,413,337,892 |
16,417,290,128 |
| Current
Deposites and Other Accounts
etc. |
6,200,855,874 |
6,785,309,961 |
| Bills
Payable |
466,587,070 |
415,686,590 |
| Savings
Bank Deposites |
5,571,782,465 |
5,157,293,998 |
| Bearer
Certificate of Deposite |
10,444,343 |
43,581,660 |
| Fixed
Deposite |
5,163,668,140 |
4,015,417,919 |
| |
| Other
Liabilities |
4,237,516,986 |
3,424,137,990 |
| |
| TOTAL
LIABILITIES |
21,722,353,789 |
19,867,178,388 |
| |
| Capital
/ Shareholders' Eqity |
| Deposites
and the other accounts |
17,413,337,892 |
16,417,290,128 |
| Current
Deposites and Other Accounts
etc. |
6,200,855,874 |
6,785,309,961 |
| Capital
/ Shareholders' Eqity |
| Paid
up Capital |
230,157,608 |
230,157,608 |
| Statutory
Reserve |
391,194,858 |
307,841,455 |
| Other
Reserve |
266,753,302 |
132,577,394 |
| Retained
Eanring |
186,427,664 |
115,078,805 |
| Total
Shareholders' Eqity |
1,074,533,432 |
785,655,262 |
| |
| TOTAL
LIABILITIES AND
SHAREHOLDER'S EQUITY |
22,796,887,221 |
20,652,833,650 |
| |
| OFF
BALANCE SHEET ITEMS |
| |
| Contingent
liabilities |
| Acceptances
& Endorsements - |
|
|
| Letter
of Guarantees |
628,277,992 |
526,769,980 |
| Letter
of Credits |
3,569,582,790 |
3,104,362,567 |
| Bills
for Collection |
39,188,990 |
55,334,154 |
| Other
Contingent Liabilities |
2,326,722,294 |
1,315,417,476 |
| Total
Contingent Liabilities |
6,563,772,166 |
5,001,884,177 |
| Others
Commitments |
|
|
| Total
off balance sheet Items |
6,563,772,166 |
5,001,884,177 |
|
|
| |
PROFIT
AND LOSS ACCOUNT
FOR THE YEAR ENDED ON 31-12-2003 |
| |
2003 |
2002 |
| |
Taka |
Taka |
| Interest
Income |
1,487,707,337 |
1,215,203,854 |
| Interest
paid in deposite and borrowing |
-853,809,953 |
-738,689,189 |
| Net
Interest Income |
633,897,384 |
476,534,665 |
| Income
from Investment |
225,309,728 |
181,921,557 |
| Commission
,Exchange and Brokage |
376,968,609 |
286,419,747 |
| Other
Operating Income |
107,211,309 |
82,766,723 |
| Total
Operating Income |
1,343,387,030 |
1,027,642,692 |
| |
| Salary
and Allowances |
416,235,455 |
367,286,565 |
| Cheif
Executive's Salary &
Fees |
2,479,481 |
1,550,000 |
| Rent,Taxes,Insurance,Lighting
etc |
66,941,975 |
62,881,265 |
| Legal
Expenses |
6,069,882 |
6,707,605 |
| Postage,Stumps,Telegram,Telephone
etc |
24,127,252 |
28,611,384 |
| Stationery,Printing,Advertisements
etc |
14,312,858 |
10,908,300 |
| Director's
Fee & Other Expenses |
6,170,466 |
6,707,605 |
| Auditor's
Fee |
140,000 |
125,000 |
| Depreciation
and repair of Fixed Assets |
47,006,050 |
42,372,131 |
| Other
expenses |
55,207,787 |
48,513,817 |
| Total
Operating Expenses |
638,691,206 |
572,724,818 |
| |
| Profit
before provisions |
704,695,824 |
454,917,874 |
| Provisions
: |
| Provisions
for Loans and advances |
283,956,807 |
294,291,000 |
| Provisions
for diminution in value
of investments |
- |
1,695,000 |
| Other
provision |
3,972,000 |
4,014,000 |
| Total
provisions |
287,928,807 |
300,000,000 |
| Profit
before Tax |
416,767,017 |
154,917,874 |
| Provision
for Taxation |
187,545,157 |
61,967,150 |
| Profit
after Tax |
229,221,860 |
92,950,724 |
| Appropriations
: |
| Statutory
Reserve |
83,353,403 |
30,983,575 |
| General
Reserve |
74,519,598 |
15,935,628 |
| Dividends |
|
|
| Retained
Surplus |
71,348,859 |
46,031,521 |
| Earning
per ordinary share(EPS) |
99.59 |
40.39 |
|
|
| |
HIGHLIGHT
ON THE OVERALL ACTIVITIES
FOR THE YEAR 2003 AND 2002 |
| |
2003 |
2002 |
| |
Taka |
Taka |
| Paid
up Capital |
230,157,608 |
230,157,608 |
| Total
Capital |
1,197,814,609 |
878,484,439 |
| Capital
Surplus/(deficit) |
209,919,096 |
154,772,452 |
| Total
Assets |
22,796,887,221 |
20,652,833,650 |
| Total
Deposite |
17,413,337,892 |
16,417,290,128 |
| Total
Loans and advances |
14,396,440,375 |
11,826,081,553 |
| Total
Contingent Liabilities &
Commitments |
6,563,772,166 |
5,001,884,177 |
| Credit
Deposite Ratio(%) |
82.67 |
72.03 |
| Total
classified loans & advances
against total loans &
advances(%) |
18.69 |
26.96 |
| Profit
after Tax & Provision |
229,221,860 |
92,950,724 |
| Classified
Loans and advances during
the year |
216,200,000 |
713,100,000 |
| Total
Loans and advances |
2,690,782,000 |
3,188,751,000 |
| Provision
held against Classified
advances |
1,863,383,993 |
1,884,854,230 |
| Provision
Surplus/(deficit) |
290,507,398 |
17,852,230 |
| Cost
of Fund(%) |
9.19 |
9.33 |
| Interest
earning assets |
17,381,020,000 |
14,726,800,000 |
| Non-interest
earning assets |
5,415,860,000 |
5,926,030,000 |
| Return
on investment(ROI)(%) |
7.46 |
4.59 |
| Return
on assets (ROA)(%) |
1.01 |
0.45 |
| Income
from investments |
225,309,728 |
181,921,557 |
| Earning
per share (Taka) |
99.59 |
40.39 |
| Net
Income per share (Taka) |
181.08 |
67.31 |
| Price
earning ratio (Times) |
2.61 |
5.06 |
|
|
| |
| Last
Five Years Position at a
Glance |
| |
|
1998 |
1999 |
2000 |
2001 |
2002 |
| 1. |
Authorized
Capital |
1,000.00 |
1,000.00 |
1,000.00 |
1,000.00 |
1,000.00 |
| 2. |
Paid-up
Capital |
230.16 |
230.16 |
230.16 |
230.16 |
230.16 |
| 3. |
Reserve
Fund |
301.59 |
334.78 |
334.78 |
393.50 |
440.42 |
| 4. |
Deposits |
10,899.90 |
10,059.85 |
12,387.47 |
14,245.87 |
16,417.29 |
| 5. |
Advances |
5,554.16 |
8,557.91 |
9,443.87 |
10,941.98 |
11,826.08 |
| 6. |
Investments |
1,958.85 |
1,555.14 |
2,162.92 |
1,961.58 |
3,961.60 |
| 7. |
Gross
Income |
984.36 |
1,098.76 |
1,401.87 |
1,727.06 |
1,766.31 |
| 8. |
Gross
Expenditure |
863.96 |
987.74 |
1,095.68 |
1,223.77 |
1,311.39 |
| 9. |
Net
Profit(pre-tax) |
120.40 |
111.02 |
22.89 |
175.03 |
154.92 |
| 10. |
Import
Business |
13,049.90 |
14,150.90 |
12,534.40 |
13,132.90 |
14,975.30 |
| 11. |
Export
Business |
5,192.40 |
5,616.50 |
7,178.90 |
5,309.30 |
5,620.90 |
| 12. |
Foreign
Correspondents |
110 |
110 |
110 |
110 |
110 |
| 13. |
Number
of Employees |
1,947 |
1,878 |
1,842 |
1,812 |
1,819 |
| 14. |
Number
of Brances |
79 |
79 |
79 |
79 |
79 |
| 15. |
Number
of Shareholders |
2,128 |
3,086 |
3,200 |
3,539 |
3,943 |
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