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7/28/2019 Balance Sheet 2009 10
1/6
Howladar Yunus & Co
Chartered Accountants
2010 2009
Notes Taka TakaPROPERTY & ASSETS
CASH 03.00 763,123,871 778,555,729
Cash in Hand (Including foreign currency) 174,197,323 131,700,299
Balance with Bangladesh Bank and its agent bank (s)
(Including foreign currency) 588,926,549 646,855,430
BALANCE WITH OTHER BANKS & FINANCIAL
INSTITUTIONS 04.00 4,169,752,271 984,808,753
In Bangladesh 4,109,453,871 943,891,978
Outside Bangladesh 60,298,400 40,916,775
MONEY AT CALL AND SHORT NOTICE 05.00 330,000,000 450,000,000INVESTMENTS 06.00 1,472,321,723 710,059,072
Government 1,127,904,760 693,348,800
Others 344,416,963 16,710,272
LOANS AND ADVANCES 07.00 7,600,797,170 5,526,804,353
Loan, Cash Credit and Over Drafts etc. 7,599,373,830 5,523,312,097
Bills Purchased and Discounted 1,423,340 3,492,256
Loans & Advances of BCI 07.14 665,222,894 729,397,327
Total Loans and Advances 8,266,020,064 6,256,201,680
FIXED ASSETS including premises, furniture & fixtures 08.00 48,180,592 38,953,476
OTHER ASSETS 09.00 528,961,643 209,240,780
NON-BANKING ASSETS 10.00 - -TOTAL ASSETS 15,578,360,165 9,427,819,490
LIABILITIES AND CAPITAL
Borrowings from other Banks, Financial Institutions and agents 11.00 100,000,000 -
DEPOSITS AND OTHER ACCOUNTS 12.00 12,187,614,460 7,604,975,266
Current Account and Other Accounts etc. 1,965,647,110 541,337,121
Savings Bank Deposits 989,904,941 898,657,064
Short Term Deposits 1,334,453,570 662,053,186
Fixed Deposits 5,026,466,909 3,965,746,954
Deposit under Different Schemes 12.01 752,111,890 663,816,075
Bills Payable 1203 160 908 668 131 060 021
Bangladesh Commerce Bank Limited
Balance Sheet
As of 31 December 2010
7/28/2019 Balance Sheet 2009 10
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Howladar Yunus & Co
Chartered Accountants
Notes 2010 2009
Taka Taka
CONTINGENT LIABILITIES 18.00
Contra entries (BCI) 18.01 13,231,321 13,231,321
Letter of Guarantees 18.02 100,834,581 104,024,022
Letter of Credit 634,746,923 250,975,065
Bills for Collection 67,250,528 23,547,453
Other contingent liability 18.03 71,192,301 554,287,301
TOTAL CONTINGENT LIABILITIES 887,255,654 946,065,162
OTHER COMMITMENTS
Documentary Credits and short term trade
related transactions - -
Forward assets purchased and forward
deposits placed - -
Undrawn note issuance and revolving underwriting facilities - -
Undrawn formal standby facilities, credit lines and other commitments - -
Total - -
TOTAL OFF-BALANCE SHEET ITEMS 887,255,654 946,065,162
Chairman Director Director
Off-Balance Sheet
As of 31 December 2010
Bangladesh Commerce Bank Limited
ManagingDirector
These Financial Statements should be read in conjunction with the annexed notes
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Howladar Yunus & Co
Chartered Accountants
Notes 2010 2009Taka Taka
OPERATING INCOME
Interest Income 19.00 926,555,777 905,556,240
Less: Interest Paid on Deposits and Borrowings etc 20.00 621,149,033 552,907,005
Net Interest Income 305,406,744 352,649,235
Income from Investments 21.00 178,700,106 71,751,529
Commission, Exchange Earnings & Brokerage 22.00 90,933,697 43,619,296
Other Operating Income 23.00 42,740,676 21,850,689
312,374,479 137,221,514
TOTAL OPERATING INCOME (A) 617,781,223 489,870,749
OPERATING EXPENSES
Salary and Allowances 24.00 184,540,144 142,390,307
Rent, Taxes, Insurance, Electricity, etc. 25.00 28,731,799 18,418,714
Legal Expenses 599,498 435,158
Postage, Stamp, Telecommunication etc. 26.00 4,096,523 2,708,095
Stationery, Printing, Advertiesment etc. 27.00 9,832,971 5,332,608
Managing Director's salary and allowances 28.00 5,739,353 1,641,200
Directors' Fee 771,150 692,000
Audit & Evaluation Fee 100,000 400,000
Depreciation & Repair of Fixed Assets 29.00 15,528,913 12,256,918Other Expenses 30.00 42,425,103 17,465,881
Total Operating Expenses (B) 292,365,455 201,740,881
Profit before Provision (C)=A-B 325,415,768 288,129,868
Provision against Classified Loans 13.00 100,000,000 51,800,000
Provision against Un Classified Loans 13.00 30,000,000 -
Other Provisions 13.00 32,732,049 84,632,979
TOTAL PROVISION (D) 162,732,049 136,432,979
TOTAL PROFIT/(LOSS) BEFORE TAX (C-D) 162,683,719 151,696,889
PROVISION FOR TAXATION 99,375,138 110,390,792
Provision for Taxation 100 000 000 110 635 242
Profit and Loss Account
Bangladesh Commerce Bank Limited
For the year ended 31 December 2010
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Howladar Yunus & Co
Chartered Accountants
PARTICULARS Notes 2010 2009
Taka Taka
CASH FLOW FROM OPERATING ACTIVITIES
Interest Receipts in Cash 1,016,111,246 919,934,757
Interest Payment (583,850,852) (575,484,571)
Dividend Receipts 885,146 868,418
Fees and Commission Receipts in Cash 90,933,697 43,619,296
Recoveries of Loans Previously Written Off - -
Cash Payment to employees (190,279,497) (144,031,507)
Cash Payment to Suppliers (42,661,293) (29,029,810)
Income Tax paid (1,814,840) (14,409,179)
Receipts from other Operating Activities 241,921,365 63,445,410
Payment for other Operating Activities (42,425,103) (10,793,990)
Operating Profit Before Changes in current Assets & Liabilities 488,819,868 254,118,824
Increase/Decrease in operating Assets and Liabilities 1,906,443,679 199,806,090
(Increase)/Decrease in Statutory Deposits - -
(Purchase)/Sale of Trading Securities - -
(Increase)/Decrease in Loan & Advances to Other Banks - -
(Increase)/Decrease in Loan & Advances to Customers (2,009,818,384) (470,213,414)
(Increase)/Decrease in Other Assets (319,720,864) (85,129,753)
Increase/(Decrease) in Deposits from Other Banks 1,420,000,000 (20,000,000)
Increase/(Decrease) in Deposits from Customers 2,362,639,194 688,108,976Increase/(Decrease) in Other Liabilities 353,343,733 87,040,281
Increase/(Decrease) in Trading Liabilities - -
Net Cash Flow from Operating Activities (A) 2,395,263,547 453,924,914
CASH FLOW FROM INVESTING ACTIVITIES
Proceeds from Sale of Securities - (11,417,301)
Increase/(Decrease) in Cash due to Sale and Purchase of Assets - -
(Purchase)/Sale of Property plant and equipment (9,227,116) (11,453,325)
(Purchase)/Sale of Subsidiary - -
Net Cash used in Investing Activities (B) (9,227,116) (22,870,626)
CASH FLOW FROM FINANCIAL ACTIVITIES
Bangladesh Commerce Bank Limited
Statement of Cash Flow
For the year ended 31 December 2010
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Chartered Accountants
Paid up Share Statutory Other Total
Capital Premium Reserve Reserve Profit/(Loss) (Tk.)
Account
Balance as on 01 January 2010 920,000,000 - 65,792,413 - 3,848,512 - (26,127,843) 963,513,082
Share Capital BCI Ltd. 39,000,000 - - - - - 39,000,000
Prior Year's Adjustment - - - - - - -
Dividend Paid during the year - - - - - - -
Decrease from Statutory Reserve - - - - - - -
Increase in Statutory Reserve 32,536,744 - 32,536,744
Surplus of Revaluation Reserve for HTM Securities - - - 11,836,557 - - 11,836,557
Issuance of Share Capital 1,068,742,800 - - - - - 1,068,742,800
Redemption of Share Capital - - - - - - -
Net Profit/(Loss) for the period - - - - - 30,771,838 30,771,838
Balance as on 31 December 2010 2,027,742,800 - 98,329,157 11,836,557 3,848,512 - 4,643,995 2,146,401,021
Net result of Liquidity Statement represents the Shareholders' Equity of Bank
Chairman
Dated, Dhaka
Revaluation
Reserve on
Securities
Exchange
Equalization
Account
For the year ended 31 December 2010
Particulars
Managing Director
Bangladesh Commerce Bank LimitedStatement of Changes in Equity
DirectorDirector
5
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Howladar Yunus & Co.
Chartered Accountants
Upto 1-3 3-12 1-5 Years More than Total
01 Month Months Months 5 Years
ASSETS:
Cash in hand & with Bangladesh Bank 763,123,871 - 763,123,871
Balance with other Banks & Financial Insti tut ions 1,199,752,271 900,000,000 2,070,000,000 - 4,169,752,271
Money at Call & short notice 330,000,000 - - - 330,000,000
Investment 688,100 - 344,416,963 - 1,127,216,660 1,472,321,723
Loans and Advances 673,053,819 1,394,048,111 2,638,106,649 1,614,874,682 1,945,936,804 8,266,020,064
Fixed Assets including premises, furniture and fixtures - 6,494,206 4,621,970 6,043,039 31,021,377 48,180,592
Other Assets 2,830,635 92,145,378 207,424,086 318,706,923 528,961,643
Non-Banking Assets - - - - - -
Total Assets 2,969,448,696 2,300,542,317 5,149,290,960 1,828,341,806 3,422,881,764 15,578,360,165
LIABILITIES:
Borrowing from Bangladesh Bank, Other Banks, 100,000,000 - - - - 100,000,000
Financial Institutions and Agents - - - - - -
Deposits 1,965,647,110 1,334,453,570 3,970,950,807 2,875,516,102 2,041,046,872 12,187,614,460
Other Liabilities - 3,052,043 251,013,103 276,920,190 613,359,349 1,144,344,685
Total Liabilities 2,065,647,110 1,337,505,613 4,221,963,910 3,152,436,292 2,654,406,221 13,431,959,145
Net Liquidity Gap 903,801,586 963,036,704 927,327,050 (1,324,094,486) 768,475,543 2,146,401,020
Net result of Liquidity Statement represents the Shareholders' Equity of Bank
Chairman Director Director
Dated, Dhaka
FOR THE YEAR ENDED 31 DECEMBER 2010
Managing Director
Bangladesh Commerce Bank LimitedLIQUIDITY STATEMENT (ASSET AND LIABILITY MATURITY ANALYSIS)
Particulars
6