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Balance sheet as on 30 June 2008

Particulars

30 June 2008
30 June 2007

(Taka)

(Taka)
Assets & Properties    
Cash in hand (including foreign currency)

8,75,25,850

8,54,02,298
Balance with Bangladesh Bank & Sonali Bank

121,34,38,367
104,24,12,078
Balance with Other Bank & Financial Institution

306,05,18,694
144,75,09,083
Investment t

5,15,57,600
4,38,91,700
Receivable from Government

337,78,36,410

337,78,36,410
Loans and Advances

2711,2080,472
2590,64,34,247
Land, Building & other fixed Assets

13,96.73,307
13,52,09,233
Other Assets

260,80,01,846
265,10,10,873
Total Assets

3765,06,32,546
3468,97,05,922
Liabilities & Capital:    
Borrowing from other Bank and Agents

1859,40,14,196
1791,69,12,572
Deposits and other Accounts

1538,97,55,298
        1378,92,86,978
Other Liabilities

408,63,41,112
361,95,18,814
Total liabilities

3532,57,18,364
Capital    
Paid-up Capital

220,00,00,000
180,00,00,000
Other reserves

20,84,90,150
20,84,90,150
Profit & Loss Account

(282,79,68,210)
(364,45,02,592)
Total Shareholders Equity

(41,94,78,060)
(63,60,12,442)
Total Liabilities & Shareholders Equity

3765,06,32,546
3468,97,05,922
Total Off Balance Sheet Items    
Contingent Liabilities

70,65,64,886
68,72,64,251

 

Profit & Loss Account For The Year Ended

as on 30 June 2008

 

Particulars
30 June 2008
30 June 2007
(Taka)
(Taka)
Interest Income

1871,47,53,332
183,12,48,677
Less: Interest paid on Deposit and Borrowing

147,08,95,441
134,02,01,615
Net Interest Income

40,38,57,891
49,10,47,062
Income from Investment

17,40,545
21,63,230
Commission, Exchange & Brokerage

2,60,10,909
2,81,62,811
Other Operational Income

7,22,13,361
7,82,56,033
Total Operational Income

50,38,22,706
59,96,29,136
Salary and Allowances

72,53,45,484
68,61,37,246
Rent, Taxes, Insurance, Lighting etc.

4,21,40,215
4,01,49,496
Law charges

1,99,462
8,79,999
Postage, Telegram, Telephone and Stamp

41,03,656
46,29,073
Stationary, Printing and Advertisement

1,26,66,836
1,38,84,231
Pay and Allowances of Managing Director

4,47,360
3,95,147
Directors Fee

1,92,377
1,99,255
Audit Fee

8,10,000
8,00,176
Expenditure for Interest Remission

20,61,64,415
14,47,79,505
Depreciation and Repairs of Bank Property

71,38,768
91,65,965
Other Expenses

2,54,79,751
2,49,11,272
Total Operational Expenses

102,46,88,324
92,59,31,365
Profit/ (Loss) before Provision

(52,08,65,618)
(32,63,02,229)
Provision for Loan

12,00,00,000

9,00,00,000
Profit/ (Loss) before Tax

(64,08,65,618)
(41,63,021,229)
Profit/ (Loss) after Tax

(64,08,65,618)
(41,63,021,229)
Surplus

(64,08,65,618)
(41,63,021,229)

 

Highlights On The Overall Activities Of The Bank

as on 30 June 2008

 

Particulars

30 June 2008
30 June 2007

 

(Taka)

(Taka)

 

Paid-up-Capital

220,00,00,000
180,00,00,000

Total Capital

(41,94,78,056)
(63,60,12,442)

Capital Surplus (Deficit)

260,34,68,206
247,98,02,592

Total Assets

3765,06,32,550
3468,97,05,922

Total Deposit

1538,97,55,298
1378,92,86,978

Total Loans & Advances

2711,20,80,472
2590,64,34,247

Total Contingent Liability

70,65,64,886
68,72,64,251

Loan Deposit Ratio

1 : 0.57
01:0.53

Ratio of Classified Loan against Total Loan & Advances

1 : 0.34
01:0.31

Profit/ (Loss) after Tax

(64,08,65,618)
(41,63,02,229)

Amount of Classified Loan

933,35,89,000
806,49,52,000

Provision for Classified Loan

186,23,22,000
174,23,22,000

Provision Surplus/ Deficit

89,57,93,000)
76,99,83,000

Cost of Fund

8.30 %
7.98%

Interest Earning Assets

2574,26,02,983
2292,27,53,076

Non Performing Assets

1190,80,29,567
1176,69,52,846

Return on Investment (ROI)

17,40,545

21,63,230

Return on Assets (ROA)

197,47,18,147

21,63,230

Interest on Investment

-

-

Income per Share

- -

Income per Share

- -

Income Price Ratio

- -
 
 

Cash flow statement for the year ended on June 30, 2008

 

Particulars

2007-2008 (Taka)

2006-2007 (Taka)

Cash flow from operating Activities:

 

 

Interest receipts in cash

1,874,753,332

1,831,248,677

Interest paid in cash

1,470,895,441

(1,340,201,615)

Interest received in cash

403,857,891

491,047,062

Fees & commission receipts in cash

53,979,996

58,989,300

Cash receipts against loans previously written-off

-

-

Cash payment to employees

(725,985,221)

(679,290,041)

Cash payment to suppliers

(52,918,619)

(51,849,225)

Cash payment of income tax

(1,888,432)

(2,184,502)

Cash received from other operational activities (Sector wise)

45,984,818

49,592,775

Cash repayment against other operational activities (Sector wise)

(363,896,051)

(282,607,597)

 

(1,044,723,509)

(907,349,290)

Cash flow before changes in operating assets and liabilities

904,653,420

156,529,176

Changes in operating assets and liabilities

 

 

Increase/(Decrease) due to sale-purchase of trading Security

-

-

Increase/(Decrease) due to change in loans and  advances to Banks

-

-

Increase/(Decrease) due to change in loans and  advances to customers

(1,205,646,225)

(1,193,534,905)

Increase/(Decrease) due to change in other assets (Sector wise)

43,009,023

(68,868,107)

Increase/(Decrease) due to change in deposits from other Banks

 

-

Increase/(Decrease) due to change in deposits from customers

1,600,468,324

940,559,513

Increase/(Decrease) due to change in other liabilities paid to customers

-

-

Increase/(Decrease) due to change in trading liabilities

-

-

Increase/(Decrease) due to change in other liabilities

466,822,298

478,372,675

Net received from operating activities

904,653,420

156,529,176

Cash flow from investment activities

 

 

Cash received from sale of Securities

-

-

Cash payment for purchase of Securities

-

-

Increase/(Decrease) due to sale of property, plant and equipment

(11,582,261)

(93,009,438)

Increase/(Decrease) due to subsidiary sale-purchase

7,118,187

14,085,761

Net cash in investment activities

(4,464,074)

(78,923,677)

Cash received from financial activities

 

 

Cash  received from borrowings and debt security issues

2,595,712,080

1,501,468,742

Cash  payment for release of borrowings and debt securities

(1,918,610,456)

(1,729,848,694)

Cash securities from general share issues

400,000,000

-

Dividend paid in cash

457,400,000

-
Net cash received from financial activities

1,534,501,624

(228,379,952)

Net cash increase/ (Decrease)

1,793,825,352

(567,076,683)

Effect of change in exchange rates of cash & cash equivalents

-

-

Cash and cash equivalents at the beginning of the year

2,619,215,159

6,564,128,252
Cash and cash equivalents at the end of the year

4,413,040,511

5,997,051,569

 

  
     

Statement of Changes in equity for the year ended on 30 June 2008

Particulars

Paid up capital

Statutory reserve

Other reserve

Profit/Loss

Total Taka

Balance as on 1 July, 2006

1,800,000,000

-

208,490,150

(2,644,502,592)

(636,012,442)

Changes accounting procedure restated balance

-

-

-

-

-

Surplus/deficit due to revaluation of properties

-

-

-

-

-

Deficit/surplus due to revaluation of investments

-

-

-

-

-

Deficit/ surplus due to change in Currency exchange rates

-

-

-

-

-

Receipt/loss not included in income statements

-

-

-

457,400,000

457,400,000

Net profit during the  period

-

-

-

(640,865,618)

(640,865,618)

Issue of Share Capital

400,000,000

-

-

-

400,000,000
Balance at June 30, 2004

2,200,000,000

-

208,490,150

(2,827,968,210)

(419,478,060)

 

 

 

 

 
Other Reserves

 

 

 

 

 

General Reserve

 

 

 

 

77,106,905

Special Reserve

 

 

 

 

59,862,867

Reserve for Bank Building and staff quarter

 

 

 

 

70,049,500

Reserve for unforeseen losses

 

 

 

 

1,470,878

Total other Reserve

 

 

 

 

208,490,150

 

 

 

Statement of  Liquidity Status As on 30 June 2008

  

(Maturity details of assets and liabilities)

 

(cÖK…Z UvKvq)

 

Particulars

Below 1 month

1-3 months

3-12 months

1-5 years

Above 5 years

Total
Assets

 

 

 

 

 

 

 

Cash in hand

1,300,964217

-

-

-

-

1,300,964217

 

Cash with other banks and financial Institutes

1,421,360,694

1,394,216,000

244,942,000

-

-

3,060,518,694

 

Cash  payable at short notice

-

-

-

-

-

-

 

Investments

-

-

19,907,600

31,650,000

3,377,836,410

3,429,394,010

 

Loans and Advance                                     

300,000,000

1,005,080,000

4,102,050,000

5,750,000,000

15,954,950,472

27,112,080,472

 

Land, building, furniture, equipments and fixed assets

-

-

-

19,445,000

120,228,307

139,673,307

 

Other assets

-

-

50,000,000

120,000,000

2,438,001,846

2,608,001,846

 

None-Banking assets

 

 

 

 

 

 

 
Total assets

3,022,324,911

2,399,296,000

4,416,899,600

5,921,095,000

21,891,017,035

37,650,632,546

 

Borrowings from Bangladesh bank, other

 

 

 

 

 

 

 

banks, financial institution and agents

120,000,000

400,000,000

1,600,000,000

2,000,000,000

14,474,014,196

18,594,014,196

 

Deposit other accounts

750,000,000

1,465,000,000

1,604,050,000

2,405,080,000

9,165,625,298

15,389,755,298

 

Provision and other liabilities

453,200,000

526,548,000

424,865,000

1,456,432,000

1,225,296,112

4,086,341,112
Total liabilities

1,323,200,000

2,391,548,000

3,628,915,000

5,861,512,000

24,864,935,606

38,070,110,606

 

Net liquidity difference

1,699,124,911

7,748,000

787,984,600

59,583,000

(2,973,918,571)

(419,478,060)