Southeast Bank Limited Report and Consolidated & Separate Financial Statements as at and for the year ended 31 December 2016 Rahman Rahman Huq Telephone +880 (2) 988 6450-2 Chartered Accountants Fax +880 (2) 988 6449 9&5Mohakhali C/A E-mail
[email protected] Dtaka 1212 lnternet www.kpmg.com/bd Bangladesh independent auditoris report to the shareholders of Southeast Bank lJ■ lited Report on the financiat statements We have audited the accompanying consolidated financial statements ol Southeast Bank Limited and its subsidiaries (the "Group') as well as the separate financial statements of Southeast Bank Limited (the "Bank'), which comprise the consolidated balance sheet and the separate balance sheet as at 3l December 2016, and the consolidated and separate profit and loss accounts, consolidated and separate statements of changes in equity and consolidated and separate cash ffow statements for the year then ended, and a summary of significant accounting policies and other explanatory information. Management's responslbility for the financial statements and internal controls Management is responsible for the preparation of consolidated financial statements of the Group and also separate 'linancial statements of the Bank that give a true and lair view in accordance with Bangladesh Financial Reporting Standards as explained in note 2 and for such intemal control as management determines is necessary to enable the preparation of consolidated financial statements of the Group and also separate financial statements of the Bank that are lree from matedal mi$statement, whether due to traud or eror. The Bank Company Act, 1991 and the Bangladesh Bank Regulations require the Management to ensure etf€ctive intemal audit, intemal control and risk management functions of the Bank.