INTERIM FINANCIAL STATEMENTS As on Poush End, 2076 CIVIL
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INTERIM FINANCIAL STATEMENTS As on Poush End, 2076 CIVIL BANK LIMITED Thinking Forward Moving Forward Class "A" Institution Licensed by Nepal Rastra Bank Civil Bank Ltd. Condensed Consolidated Statement of Financial Position As on Quarter Ended 29th Poush 2076 Group Bank Immediate Immediate This Quarter This Quarter Asset Previous Year Previous Year Ending Ending Ending Ending Cash and Cash Equivalents 3,657,277,947 4,147,793,768 2,994,035,483 3,958,585,185 Due from Nepal Rastra Bank 3,267,798,117 3,529,581,285 3,262,298,117 3,525,081,285 Placement with Bank and Financial Institutions 893,010,459 742,748,016 852,574,523 659,095,583 Derivative Financial Instruments 1,467,673,620 1,732,495,818 1,467,673,620 1,732,495,818 Other Trading Assets - - - - Loans and Advances to BFIs 1,620,973,630 1,600,120,423 1,917,667,215 1,805,005,743 Loans and Advances to Customers 48,916,783,057 43,598,403,361 47,761,711,207 42,593,685,746 Investment Securities 6,767,623,216 6,802,447,745 6,722,699,466 6,755,977,489 Current Tax Assets 71,677,304 14,252,380 73,613,192 16,883,054 Investment in Subsidiaries - - 201,865,000 201,865,000 Investment in Associates - - - - Investment Property 241,806,382 227,981,351 241,806,382 227,981,351 Property and Equipment 587,035,401 519,811,970 566,864,088 501,011,061 Goodwill and Intangible Assets 43,664,428 39,728,661 39,341,727 38,380,140 Deferred Tax Assets - - - - Other Assets 554,079,831 469,603,324 533,355,043 451,694,957 Total Assets 68,089,403,392 63,424,968,101 66,635,505,063 62,467,742,412 Liabilities Due to Bank and Financial Institutions 5,261,285,559 6,281,122,919 5,261,612,878 6,517,055,806 Due to Nepal Rastra Bank 400,855,681 531,249,097 400,855,681 531,249,097 Derivative Financial Instruments 1,445,351,653 1,673,810,051 1,445,351,653 1,673,810,051 Deposits from Customers 47,934,245,775 42,264,427,056 47,746,081,027 41,993,301,316 Borrowings 448,427,719 615,253,911 - - Current Tax Liabilities - - - - Provisions - - - - Deferred Tax Liabilities 148,389,265.17 151,430,534 152,212,708 155,434,082 Other Liabilities 2,344,543,108 1,591,114,657 1,687,181,102 1,445,551,354 Debt Securities Issued - - - - Subordinated Liabilities - - - - Total Liabilities 57,983,098,760 53,108,408,225 56,693,295,049 52,316,401,706 Equity Share Capital 8,003,389,674 8,003,389,674 8,003,389,674 8,003,389,674 Share Premium - - - - Retained Earnings 354,963,427 566,996,827 329,730,661 540,232,455 Reserves 1,609,089,680 1,607,718,578 1,609,089,680 1,607,718,577 Total Equity Attributable to Equity Holders 9,967,442,781 10,178,105,079 9,942,210,015 10,151,340,706 Non Controlling Interest 138,861,854 138,454,798 - - Total Equity 10,106,304,633 10,316,559,876 9,942,210,015 10,151,340,706 Total Liabilities and Equity 68,089,403,392 63,424,968,101 66,635,505,063 62,467,742,412 Civil Bank Ltd. Condensed Consolidated Statement of Profit or Loss As on Quarter Ended 29th Poush 2076 Group Bank Particulars Current Year Previous Year CorrespondingCurrent Year Previous Year Corresponding Upto this Upto this Upto this Upto this Column1 This Quarter This Quarter This Quarter This Quarter Quarter(YTD) Quarter(YTD) Quarter(YTD) Quarter(YTD) Interest Income 1,590,017,254 3,184,808,585 1,408,961,166 2,834,147,991 1,539,470,769 3,092,384,497 1,322,046,844 2,747,233,669 Interest Expense 969,472,481 1,933,732,427 878,575,615 1,700,411,297 949,526,693 1,899,502,569 827,370,663 1,649,206,346 Net Interest Income 620,544,774 1,251,076,158 530,385,552 1,133,736,694 589,944,076 1,192,881,928 494,676,181 1,098,027,323 Fee and Commission Income 104,278,719 175,083,224 61,400,886 128,721,606 93,882,524 153,709,991 48,077,904 115,398,624 Fee and Commission Expense 6,891,409 12,045,987 6,077,615 9,888,225 6,761,509 11,828,587 6,077,615 9,888,225 Net Fee and Commission Income 97,387,309 163,037,237 55,323,272 118,833,382 87,121,015 141,881,404 42,000,289 105,510,399 Net Interest, Fee and Commission Income 717,932,083 1,414,113,395 585,708,823 1,252,570,075 677,065,090 1,334,763,332 536,676,470 1,203,537,723 Net Trading Income 50,568,970 97,789,522 53,874,262 97,585,507 50,568,970 97,789,522 53,874,262 97,585,507 Other Operating Income 17,596,373 29,010,684 15,616,853 34,905,435 15,377,338 22,988,766 11,494,524 30,783,106 Total Operating Income 786,097,426 1,540,913,601 655,199,939 1,385,061,017 743,011,398 1,455,541,619 602,045,257 1,331,906,335 Impairment Charge/ (Reversal) for Loans and Other Losses 93,176,811 193,393,565 110,436,387 282,940,413 91,809,634 185,233,340 107,807,517 280,311,543 Net Operating Income 692,920,615 1,347,520,036 544,763,552 1,102,120,604 651,201,764 1,270,308,280 494,237,740 1,051,594,792 Operating Expense Personnel Expenses 283,921,496 547,643,330 156,704,565 321,360,155 261,480,832 506,401,642 135,363,844 300,019,434 Other Operating Expenses 150,406,215 282,830,096 109,113,138 209,523,724 143,085,054 267,081,604 94,559,782 194,970,368 Depreciation & Amortisation 28,254,051 53,820,153 17,400,790 35,642,510 26,293,612 50,529,208 8,986,557 33,222,153 Operating Profit 230,338,853 463,226,456 261,545,060 535,594,216 220,342,265 446,295,826 255,327,558 523,382,837 Non Operating Income - - - - - - - - Non Operating Expense 272,084 439,360 3,757,445 9,504,852 272,084 439,360 9,337,576 9,504,852 Profit Before Income Tax 230,066,770 462,787,097 257,787,615 526,089,363 220,070,182 445,856,466 245,989,981 513,877,985 Income Tax Expense - Current Tax 69,020,031 138,836,130 77,311,905 157,799,742 66,021,055 133,756,940 86,427,510 154,163,395 Deferred Tax (3,248,400) (4,147,509) (11,282,100) (11,282,100) (3,248,400) (4,147,509) (10,382,991) (11,282,100) Profit for the Period 164,295,139 328,098,476 191,757,810 379,571,721 157,297,527 316,247,035 169,945,462 370,996,690 Civil Bank Ltd. Statement of Comprehensive Income As on Quarter Ended 29th Poush 2076 Group Bank Current Year Previous Year Corresponding Current Year Previous Year Corresponding Upto this Upto this Upto this Upto this Particulars This Quarter This Quarter This Quarter This Quarter Quarter(YTD) Quarter(YTD) Quarter(YTD) Quarter(YTD) Profit for the Period 164,295,139 328,098,476 191,757,810 379,571,721 157,297,527 316,247,035 169,945,462 370,996,690 Other Comprehensive Income, Net of Income Tax a) Items that will not be reclassified to profit or loss Gains/(losses) from investment in equity instruments measured at fair value 8,189,216 3,087,117 3,319,123 (1,257,413) 8,189,216 3,087,117 3,319,123 (1,257,413) Gains/(losses) on revaluation - Actuarial gains/(losses) on defined benefit plans Income tax relating to above items (2,456,765) (926,135) (995,737) 377,224 (2,456,765) (926,135) (995,737) 377,224 Net other comprehensive income that will not be reclassified to profit or loss 5,732,451 2,160,982 2,323,386 (880,189) 5,732,451 2,160,982 2,323,386 (880,189) b) Items that are or may be reclassified to profit or loss Gains/(losses) on cash flow hedge Exchange gains/(losses)(arising from translating financial assets of foreign operation) Income tax relating to above items Reclassify to profit or loss Net other comprehensive income that are or may be reclassified to profit or loss c) Share of other comprehensive income of associate accounted as per equity method Other Comprehensive Income for the year, Net of Income Tax 5,732,451 2,160,982 2,323,386 (880,189) 5,732,451 2,160,982 2,323,386 (880,189) Total Comprehensive Income for the Period 170,027,590 330,259,458 194,081,195 378,691,532 163,029,978 318,408,018 172,268,848 370,116,500 Total Comprehensive Income attributable to: Equity-Holders of the Bank 166,879,949 324,786,759 191,227,729 374,489,767 Non-Controlling Interest 3,147,641 5,472,698.78 2,853,467 4,201,765.19 Total Comprehensive Income for the Period 170,027,590 330,259,458 194,081,195 378,691,532 - - - - Earnings per Share Basic earnings per share 3.94 - 4.58 - 3.95 - 4.64 Annualized Basic Earnings Per Share 7.87 - 9.13 - 7.90 - 9.25 Diluted earnings per share 7.87 - 9.13 - 7.90 - 9.25 Ratios as per NRB Directive Group Bank Current Year Previous Year CorrespondingCurrent Year Previous Year Corresponding Upto this Upto this Upto this Upto this Particulars This Quarter This Quarter This Quarter This Quarter Quarter(YTD) Quarter(YTD) Quarter(YTD) Quarter(YTD) Capital fund to RWA - 15.92% - 19.86% - 15.92% - 19.86% Non-performing loan (NPL) to total loan - 2.70% - 3.50% - 2.69% - 3.54% Total loan loss provision to Total NPL - 110.48% - 139.07% - 110.66% - 95.35% Cost of Funds - 8.19% - 8.20% - 8.19% - 8.20% Credit to Deposit Ratio - 77.46% - 78.33% - 77.46% - 78.33% Base Rate - 10.98% - 11.31% - 10.98% - 11.31% Interest Rate Spread - 4.90% - 3.23% - 4.90% - 3.23% Civil Bank Ltd.