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 |
|
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 |
- | - |
|
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|
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) |
|
|