Dutch-Bangla Bank Limited Balance Sheet As at 30 June 2017 (Main Operation and Off-Shore Banking Unit)
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Dutch-Bangla Bank Limited Balance Sheet As at 30 June 2017 (Main Operation and Off-shore Banking Unit) PROPERTY AND ASSETS Notes 30-Jun-17 31-Dec-16 30-Jun-16 Taka (Audited) Taka (Audited) Taka (Audited) Main Operation Off-shore Total Total Total Cash In hand (including foreign currencies) 4 14,924,155,004 - 14,924,155,004 11,051,999,011 20,310,512,945 Balance with Bangladesh Bank and its agent bank (s) (including foreign currencies) 5 17,334,129,072 - 17,334,129,072 17,660,677,577 18,465,811,317 32,258,284,076 - 32,258,284,076 28,712,676,588 38,776,324,262 Balance with other banks and financial institutions 6 In Bangladesh 26,403,939,672 3,266,091,792 29,670,031,464 21,177,878,875 22,314,677,714 Outside Bangladesh 3,246,154,315 - 3,246,154,315 2,399,011,762 1,898,872,954 29,650,093,987 3,266,091,792 32,916,185,779 23,576,890,637 24,213,550,668 Money at call on short notice 7 2,000,000,000 - 2,000,000,000 116,000,000 1,970,000,000 Investments 8 Government 26,633,409,297 - 26,633,409,297 31,291,256,232 18,028,279,719 Others 247,243,434 - 247,243,434 487,243,434 564,983,434 26,880,652,731 - 26,880,652,731 31,778,499,666 18,593,263,153 Loans and advances 9 Loans, cash credits, overdrafts, etc. 172,898,102,445 740,909,690 173,639,012,135 162,415,747,438 149,494,834,780 Bills purchased and discounted 5,322,865,123 7,255,112,682 12,577,977,805 10,982,050,193 6,861,297,129 - - 178,220,967,568 7,996,022,372 186,216,989,940 173,397,797,631 156,356,131,910 Fixed assets including land, building, furniture and fixtures 10 5,001,319,599 80 5,001,319,679 4,871,867,057 4,982,255,368 Other assets 11 15,561,499,120 21,229,404 15,582,728,524 14,390,629,645 13,255,371,660 Non-banking assets - - - - - TOTAL ASSETS 289,572,817,081 11,283,343,648 300,856,160,729 276,844,361,224 258,146,897,021 LIABILITIES AND CAPITAL Liabilities Borrowings from other banks, financial institutions and agents 12 16,754,599,067 10,945,913,847 27,700,512,914 27,331,548,937 15,803,312,661 Deposits and other accounts 13 Current deposits and other accounts 47,841,033,526 22,469,307 47,863,502,833 43,084,875,616 41,536,273,397 Bills payable 4,574,263,508 - 4,574,263,508 3,790,478,406 3,721,554,864 Savings bank deposits 105,265,553,671 - 105,265,553,671 95,377,348,042 93,350,379,411 Term deposits 66,676,545,620 - 66,676,545,620 64,981,263,299 64,526,928,882 224,357,396,325 22,469,307 224,379,865,632 207,233,965,363 203,135,136,553 Other liabilities 14 21,915,151,250 158,896,188 22,074,047,438 20,918,566,210 17,753,502,430 Subordinated debt 15 8,272,838,476 - 8,272,838,476 3,700,122,226 4,378,137,157 TOTAL LIABILITIES 271,299,985,118 11,127,279,342 282,427,264,460 259,184,202,736 241,070,088,801 Shareholders' equity Paid up share capital 16.2 2,000,000,000 - 2,000,000,000 2,000,000,000 2,000,000,000 Share premium 17 11,067,500 - 11,067,500 11,067,500 11,067,500 Statutory reserve 18 8,693,987,475 - 8,693,987,475 8,134,390,476 7,967,424,464 Other reserve 19 - - - - - Dividend equalization account 20 1,566,827,195 - 1,566,827,195 1,566,827,195 1,366,827,195 Assets revaluation reserve 21 850,413,777 - 850,413,777 850,413,777 850,413,777 Revaluation reserve of HTM securities 22 9,143,935 - 9,143,935 59,754,912 115,909,029 Proposed dividend - - - 600,000,000 - Retained earnings 5,141,392,081 156,064,306 5,297,456,387 4,437,704,628 4,765,166,256 TOTAL SHAREHOLDERS' EQUITY 18,272,831,963 156,064,306 18,428,896,269 17,660,158,488 17,076,808,221 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 289,572,817,081 11,283,343,648 300,856,160,729 276,844,361,224 258,146,897,021 Page 1 30-Jun-17 31-Dec-16 30-Jun-16 Notes Taka (Audited) Taka (Audited) Taka (Audited) Main Operation Off-shore Total Total Total OFF-BALANCE SHEET ITEMS Contingent liabilities 23 Acceptances and endorsements - - - - - Letters of guarantee 5,901,305,381 - 5,901,305,381 5,203,462,715 4,028,075,973 Irrevocable letters of credit 21,404,306,866 3,572,260 21,407,879,126 20,376,806,730 18,646,893,958 Bills for collection 31,548,349,277 - 31,548,349,277 29,178,346,804 29,493,784,407 Other contingent liabilities 6,945,790,637 - 6,945,790,637 5,293,065,506 13,093,061,487 Total contingent liabilities 65,799,752,161 3,572,260 65,803,324,421 60,051,681,755 65,261,815,824 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 other commitments - - - - - Total off-balance sheet items including contingent liabilities 65,799,752,161 3,572,260 65,803,324,421 60,051,681,755 65,261,815,824 The annexed notes 1 to 44 form an integral part of these financial statements. _______________ _______________ _______________ __________________________ Chairman Director Director Managing Director & CEO Auditors' report to the Board of Directors' See annexed report of date __________________________ A. Qasem & Co Chartered Accountants Dhaka, 26 July 2017 Page 2 Dutch-Bangla Bank Limited Profit and Loss Account For the half year ended 30 June 2017 (Main Operation and Off-shore Banking Unit) For the quarter ended 30 June (Apr- Notes For the six months ended 30 June (Jan - Jun) Jun) 2017 2016 2017 2016 Taka Taka Taka Taka Main Operation Off-shore Total Total Total Total Interest income 26 7,679,101,994 257,885,310 7,936,987,304 7,764,326,561 4,155,332,382 3,866,074,141 Interest paid on deposits and borrowings etc. 27 2,359,641,963 169,302,974 2,528,944,937 2,814,987,297 1,271,934,232 1,385,793,215 Net interest income 5,319,460,031 88,582,336 5,408,042,367 4,949,339,263 2,883,398,150 2,480,280,926 Investment income 28 1,071,977,722 - 1,071,977,722 935,860,180 501,079,635 459,216,439 Commission, exchange and brokerage 29 871,210,463 - 871,210,463 765,321,032 422,165,871 393,527,673 Other operating income 30 1,508,015,122 3,939,834 1,511,954,956 1,146,848,689 864,850,442 673,171,722 Total operating income 8,770,663,338 92,522,170 8,863,185,508 7,797,369,165 4,671,494,098 4,006,196,760 Salary and allowances 32 1,627,833,144 2,325,159 1,630,158,303 1,412,815,114 877,600,844 771,306,314 Rent, taxes, insurance, electricity, etc. 34 767,791,373 - 767,791,373 644,305,789 405,838,667 350,188,484 Legal expenses 35 1,676,364 - 1,676,364 1,609,648 714,036 728,209 Postage, stamp, telecommunications, etc. 36 142,887,239 2,469 142,889,708 136,826,406 88,975,499 80,318,408 Stationery, printings, advertisements, etc. 37 173,856,998 - 173,856,998 159,315,694 96,087,389 74,888,932 Managing Director & CEO's salary and allowances 38 5,248,000 - 5,248,000 5,128,000 3,139,000 2,854,000 Directors' fees 39 138,120 - 138,120 141,320 84,380 101,320 Auditors' fees 40 225,500 - 225,500 182,500 225,500 182,500 Charges on loan losses 41 750,246,513 - 750,246,513 357,439,118 750,246,513 357,439,118 Depreciation and repair of bank's assets 42 892,298,748 130,490 892,429,238 751,355,573 437,703,364 370,340,448 Other expenses 43 2,103,076,097 345,618 2,103,421,715 1,519,503,960 1,133,707,243 769,682,936 Total operating expenses 6,465,278,096 2,803,736 6,468,081,832 4,988,623,122 3,794,322,435 2,778,030,670 Profit before provision 2,305,385,242 89,718,434 2,395,103,677 2,808,746,043 877,171,664 1,228,166,090 Provision for loans and off-balance sheet exposures 14.1.3 Specific provision for loans 14.1.3(A) (677,417,745) - (677,417,745) 246,398,803 (869,825,782) 246,398,803 General provision for loans 14.1.3(B) 214,000,000 3,020,000 217,020,000 60,700,000 113,500,000 60,700,000 General provision for off-balance sheet exposures 14.1.3(B) 57,516,426 - 57,516,426 102,468,609 54,865,956 69,058,895 (405,901,319) 3,020,000 (402,881,319) 409,567,412 (701,459,826) 376,157,698 Other provision 14.1.1 - - - - - - Total provision (405,901,319) 3,020,000 (402,881,319) 409,567,412 (701,459,826) 376,157,698 Profit before taxes 2,711,286,561 86,698,434 2,797,984,995 2,399,178,631 1,578,631,490 852,008,393 Provision for taxation Current tax 14.1.2 1,189,483,932 - 1,189,483,932 1,230,137,193 531,036,100 437,757,431 Deferred tax 11.2.2 189,152,305 - 189,152,305 45,932,871 210,749,587 (50,205,563) 1,378,636,237 - 1,378,636,237 1,276,070,064 741,785,687 387,551,868 Net profit after taxation 1,332,650,324 86,698,434 1,419,348,758 1,123,108,567 836,845,803 464,456,525 Retained earnings brought forward from previous years 4,368,338,756 69,365,872 4,437,704,628 4,121,893,415 - - 5,700,989,080 156,064,306 5,857,053,386 5,245,001,982 836,845,803 464,456,525 Appropriations Statutory reserve 18 559,596,999 - 559,596,999 479,835,726 315,726,298 170,401,678 Retained earnings carried forward 5,141,392,081 156,064,306 5,297,456,387 4,765,166,256 521,119,505 294,054,847 Earnings per share (EPS) 24 7.10 5.62 4.18 2.32 The annexed notes 1 to 44 form an integral part of these financial statements.