ix. <strong>the</strong> records and statements submitted by <strong>the</strong> branches have been properly maintained and consolidated in <strong>the</strong> financial statements; x. <strong>the</strong> information and explanations required by us have been received and found satisfac<strong>to</strong>ry; xi. as far as it was revealed from our test checks, <strong>the</strong> existing rules and regulations for investment sanctioning and disbursements have been followed; xii. Cash Reserve Requirement (CRR) and Statu<strong>to</strong>ry Liquidity Reserve (SLR) with Bangladesh Bank have been maintained as per rule; xiii. it appeared <strong>to</strong> us that , <strong>the</strong> internal control system was satisfac<strong>to</strong>ry and adequate <strong>to</strong> prevent probable frauds and forgeries; xiv. guidelines for Core Risk Management issued by Bangladesh Bank vide BRPD Circular # 17 dated 7/10/2003 were generally complied with; xv. as disclosed in note no. 20.3 adequate capital <strong>of</strong> <strong>the</strong> <strong>bank</strong>, as required by law, has been maintained during <strong>the</strong> year; xvi. 80% <strong>of</strong> <strong>the</strong> risk –weighted assets have been reviewed spending over 3600 person hours. Howladar Yunus & Co. Aziz Halim Khair Choudhury Chartered Accountants Chartered Accountants Dated: 27 April, 2008 Dhaka,
ISLAMI BANK BANGLADESH LIMITED Balance Sheet as at December 31, 2007 Amount in Taka as at December 31, PROPERTY AND ASSETS Note 2007 2006 Cash 7.0 17,076,455,162 23,518,949,591 Cash in hand (including foreign currency) 2,907,141,037 1,410,149,863 Balance with Bangladesh Bank & its Agent Banks 14,169,314,125 22,108,799,728 (including foreign currency) Balance with o<strong>the</strong>r Banks & 8.0 4,012,328,480 Financial Institutions 1,329,127,634 In Bangladesh 2,353,854,350 759,317,303 Outside Bangladesh 1,658,474,130 569,810,331 Money at Call & Short Notice - - Investments in Shares & 9.0 20,365,710,399 Securities 3,557,760,399 Government 20,341,950,000 3,534,000,000 O<strong>the</strong>rs 23,760,399 23,760,399 Investments 10.0 144,920,609,595 113,575,071,129 General Investments etc. 133,881,027,350 106,704,067,251 Bills Purchased & Discounted 11.0 11,039,582,245 6,871,003,878 Fixed Assets including Premises,Furniture and Fixtures 12.0 3,987,232,675 3,724,694,303 O<strong>the</strong>r Assets 13.0 1,000,013,406 4,547,217,745 Non - Banking Assets - - Total Assets 191,362,349,717 150,252,820,801
- Page 1: AUDITORS’ REPORT TO THE SHAREHOLD
- Page 5 and 6: Bills for Collection 7,397,027,013
- Page 7 and 8: Total Profit/(Loss) before Taxes 3,
- Page 9 and 10: Exchange Equalization Account 38,40
- Page 11 and 12: Cash flows from Financing Activitie
- Page 13 and 14: ISLAMI BANK BANGLADESH LIMITED Note
- Page 15 and 16: a) Provident Fund The provident fun
- Page 17 and 18: 5.0 Related Party Disclosure as per
- Page 19 and 20: ♦ Investment to related parties i
- Page 21 and 22: 6.7 Credit Rating Report Credit Rat
- Page 23 and 24: Amount in Taka as at December 31, 2
- Page 25 and 26: 10.1 Maturity-wise Classification i
- Page 27 and 28: Sugar Refinery Ltd 2,830.00 444.20
- Page 29 and 30: iv) Industry -wise Classification o
- Page 31 and 32: Amount in Taka as at December 31, 2
- Page 33 and 34: Less: Accumulated Depreciation Net
- Page 35 and 36: ii) iii) iv) v) vi) Demand With a r
- Page 37 and 38: 17.0 i) ii) iii) iv) v) vi) vii) vi
- Page 39 and 40: i) Provision held at the beginning
- Page 41 and 42: i) Balance at the beginning of the
- Page 43 and 44: 20.3 Shares 30,001 to 40,000 4 Shar
- Page 45 and 46: Opening Balance 419,618,687 464,760
- Page 47 and 48: Sub Total (ii) 46,705,393 75,772,83
- Page 49 and 50: Income from Profit Fluctuation Less
- Page 51 and 52: (Subscription) xv) Staff Welfare 16
- Page 53 and 54:
(a) Attributable Profit for the yea
- Page 55:
Annexure-B Islami Bank Bangladesh L