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Howladar Yunus & Co.
Chartered Accountants
2011 2010
Notes Taka Taka
PROPERTY & ASSETSCASH 03.00 998,449,569 763,123,871
Cash in Hand (Including foreign currency) 209,258,486 174,197,323
Balance with Bangladesh Bank and its agent bank (s)
(Including foreign currency) 789,191,083 588,926,549
BALANCE WITH OTHER BANKS & FINANCIAL
INSTITUTIONS 04.00 2,336,658,362 4,169,752,271
In Bangladesh 2,260,085,820 4,109,453,871
Outside Bangladesh 76,572,542 60,298,400
MONEY AT CALL AND SHORT NOTICE 05.00 340,000,000 330,000,000
INVESTMENTS 06.00 1,952,923,492 1,472,321,723
Government 1,324,357,389 1,027,904,760Others 628,566,103 444,416,963
LOANS AND ADVANCES 07.00 10,680,881,875 7,600,797,170
Loan, Cash Credit and Over Drafts etc. 10,665,514,130 7,599,373,830
Bills Purchased and Discounted 15,367,745 1,423,340
Loans & Advances of BCI 07.14 653,559,569 665,222,894
Total Loans and Advances 11,334,441,444 8,266,020,064
FIXED ASSETS including premises, furniture & fixtures 08.00 92,303,468 48,180,592
OTHER ASSETS 09.00 336,083,895 528,961,643
NON-BANKING ASSETS 10.00 - -
TOTAL ASSETS 17,390,860,230 15,578,360,165LIABILITIES AND CAPITAL
Borrowings from other Banks, Financial Institutions and agents 11.00 - 100,000,000
DEPOSITS AND OTHER ACCOUNTS 12.00 13,876,888,734 12,187,614,460
Current Account and Other Accounts etc. 942,069,237 1,965,647,110
Savings Bank Deposits 1,198,960,870 989,904,941
Short Term Deposits 1,160,418,149 1,334,453,570
Fixed Deposits 7,854,745,903 5,026,466,909
Deposit under Different Schemes 12.01 1,076,274,794 752,111,890
Bills Payable 12.03 269,506,219 160,908,668
Bank Deposit 802,890,000 1,820,000,000
Other Deposits 12 04 572 023 562 138 121 373
Bangladesh Commerce Bank Limited
Balance Sheet
As on 31 December 2011
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Howladar Yunus & Co.
Chartered Accountants
Notes 2011 2010
Taka Taka
CONTINGENT LIABILITIES 18.00
Acceptances and Endorsements - -
Letter of Guarantees (18.01) 18.01 519,264,619 100,834,581
Irrevocable Letter of Credit 1,826,608,787 634,746,923
Bills for Collection 176,322,351 67,250,528
Other contingent liability (18.02) 18.02 84,373,621 84,423,622
Tax Liability of BCBL 71,354,804 -TOTAL CONTINGENT LIABILITIES 2,677,924,182 887,255,654
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 2,677,924,182 887,255,654
These Financial Statements should be read in conjunction with the annexed notes
Off-Balance Sheet
As of 31 December 2011
Bangladesh Commerce Bank Limited
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Howladar Yunus & Co.
Chartered Accountants
Notes 2011 2010
Taka Taka
OPERATING INCOME
Interest Income 19.00 1,510,634,175 926,555,777
Less: Interest Paid on Deposits and Borrowings etc 20.00 912,798,490 621,149,033
Net Interest Income 597,835,685 305,406,744
Income from Investments 21.00 114,834,774 178,700,106
Commission, Exchange Earnings & Brokerage 22.00 132,470,508 90,933,697
Other Operating Income 23.00 55,359,732 42,740,676
302,665,014 312,374,479
TOTAL OPERATING INCOME (A) 900,500,699 617,781,223
OPERATING EXPENSESSalary and Allowances 24.00 243,758,628 184,540,144
Rent, Taxes, Insurance, Electricity, etc. 25.00 47,826,885 28,731,799
Legal Expenses 1,446,586 599,498
Postage, Stamp, Telecommunication etc. 26.00 4,110,283 4,096,523
Stationery, Printing, Advertisement etc. 27.00 12,419,862 9,832,971
Managing Director's salary and allowances 28.00 9,280,000 5,739,353
Directors' Fee 809,825 771,150
Audit & Evaluation Fee 263,625 100,000
Depreciation & Repair of Fixed Assets 29.00 26,059,885 15,528,913
Other Expenses 30.00 55,581,092 42,425,103
Total Operating Expenses (B) 401,556,671 292,365,454
Profit before Provision (C)=A-B 498,944,028 325,415,768
Provision against Classified Loans 13.01.01 100,000,000 100,000,000
Provision against Un Classified Loans 13.01.02 14,179,070 30,000,000
Other Provisions 13.13 160,342,277 32,732,049
TOTAL PROVISION (D) 274,521,347 162,732,049
TOTAL PROFIT/(LOSS) BEFORE TAX (C-D) 224,422,681 162,683,719
PROVISION FOR TAXATION 154,523,241 99,375,138
Provision for Taxation 155,000,000 100,000,000
Provision for Deferred Tax (476,759) (624,862)
NET PROFIT/(LOSS) AFTER TAXATION 69 899 439 63308582
Profit and Loss Account
Bangladesh Commerce Bank Limited
For the year ended 31 December 2011
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Howladar Yunus & Co.
Chartered Accountants
PARTICULARS Notes 2011 2010
Taka Taka
CASH FLOW FROM OPERATING ACTIVITIES
Interest Receipts in Cash 1,063,280,620 1,016,111,246
Interest Payment (858,030,581) (583,850,852)
Dividend Receipts 296,187 885,146
Fees and Commission Receipts in Cash 132,470,508 90,933,697
Recoveries of Loans Previously Written Off - -
Cash Payment to employees (253,038,628) (190,279,497)
Cash Payment to Suppliers (64,357,030) (42,661,293)
Income Tax paid (89,647,440) (1,814,840)
Receipts from other Operating Activities 55,359,732 241,921,365
Payment for other Operating Activities (55,581,092) (42,425,103)Operating Profit Before Changes in current Assets & Liabilities (69,247,725) 488,819,868
Increase/Decrease in operating Assets and Liabilities (1,077,945,071) 1,906,443,679
(Increase)/Decrease in Statutory Deposits (44,884,536) -
(Purchase)/Sale of Trading Securities - -
(Increase)/Decrease in Loan & Advances to Other Banks - -
(Increase)/Decrease in Loan & Advances to Customers (3,068,421,380) (2,009,818,384)
(Increase)/Decrease in Other Assets 192,877,749 (319,720,864)
Increase/(Decrease) in Deposits from Other Banks (1,017,110,000) 1,420,000,000
Increase/(Decrease) in Deposits from Customers 2,706,384,273 2,362,639,194
Increase/(Decrease) in Other Liabilities 153,208,823 353,343,733
Increase/(Decrease) in Trading Liabilities - -
Net Cash Flow from Operating Activities (A) (1,147,192,796) 2,395,263,547
CASH FLOW FROM INVESTING ACTIVITIES
Proceeds from Sale of Securities - -
Increase/(Decrease) in Cash due to Sale and Purchase of Assets - -
(Purchase)/Sale of Property plant and equipment (44,122,876) (9,227,116)
(Purchase)/Sale of Subsidiary (199,999,910) -
Net Cash used in Investing Activities (B) (244,122,786) (9,227,116)
Bangladesh Commerce Bank Limited
For the year ended 31 December 2011
Statement of Cash Flow
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Balance as on 01 January 2011 1,988,742,800 - 98,329,157 - 3,848,512 - 4,643,995 2,095,564,464
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 44,884,536 - - 44,884,536
Surplus of Revaluation Reserve for HTM Securiti - - - 13,035,973 - - - 13,035,973
Issuance of Share Capital - - - - - - -
Redemption of Share Capital - - - - - - - -
Net Profit/(Loss) for the period - - - - - - 25,014,902 25,014,902
Balance as on 31 December 2011 2,027,742,800 - 143,213,693 13,035,973 3,848,512 - 29,658,897 2,217,499,875
Net result of Liquidity Statement represents the Shareholders' Equity of Bank
Chairman
Dated, Dhaka
April 18, 2012
Revaluation
Reserve onSecurities
Exchange
EqualizationAccount
For the year ended 31 December 2011
Managing Director
Bangladesh Commerce Bank LimitedStatement of Changes in Equity
DirectorDirector
Profit/(Loss) Total (Tk.)Particulars Paid up Capital
Share
PremiumAccount
Statutory
Reserve
Other
Reserve
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Particulars Upto 1-3 3-12 1-5 Years More than Total
01 Month Months Months 5 YearsASSETS:
Cash in hand & with Bangladesh Bank 998,449,569 - - - - 998,449,569
Balance wi th other Banks & F inancial Inst itut ions 2,173,848,119 - 162,810,243 - - 2,336,658,362
Money at Call & short notice 340,000,000 - - - - 340,000,000
Investment 570,100 - 328,566,193 - 1,623,787,199 1,952,923,492
Loans and Advances 473,918,376 1,972,246,902 3,965,708,216 3,264,002,001 1,658,565,949 11,334,441,444
Fixed Assets inc luding premises, furni ture and f ixtures 369,214 738,428 3,350,616 13,384,002 74,461,208 92,303,468
Other Assets 37,225,881 46,004,241 1,402,950 140,611,855 110,838,968 336,083,895
Non-Banking Assets - - - - - -
Total Assets 4,024,381,259 2,018,989,571 4,461,838,218 3,417,997,858 3,467,653,324 17,390,860,230
LIABILITIES: -
Borrowing from Bangladesh Bank, Other Banks, - - - - - -
Financial Institutions and Agents - - - - - -
Deposits 1,421,797,311 3,324,827,125 3,363,369,845 684,390,060 5,082,504,392 13,876,888,734
Other Liabilities - 37,958,558 364,252,688 272,826,891 621,433,484 1,296,471,621
Total Liabilities 1,421,797,311 3,362,785,683 3,727,622,533 957,216,951 5,703,937,876 15,173,360,355
Net Liquidity Gap 2,602,583,948 (1,343,796,112) 734,215,684 2,460,780,907 (2,236,284,552) 2,217,499,875
Net result of Liquidity Statement represents the Shareholders' Equity of Bank
Chairman Director Director
Dated, Dhaka
April 18, 2012
FOR THE YEAR ENDED 31 DECEMBER 2011
Managing Director
Bangladesh Commerce Bank LimitedLIQUIDITY STATEMENT (ASSET AND LIABILITY MATURITY ANALYSIS)
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