auditors' report to the shareholders of islami bank bangladesh limited

More documents

Recommendations

Info

ISLAMI BANK BANGLADESH LIMITED Profit & Loss Account For the year ended December 31, 2007 Amount in Taka Year to December 31, Note 2007 2006 Investment Income 24.0 14,572,185,149 11,158,057,192 Profit Paid on Deposits 25.0 (9,410,587,581) (8,019,336,141) Net Investment Income 5,161,597,568 3,138,721,051 Income from Investments in Shares/ Securities 26.0 284,002,533 137,375,574 Commission, Exchange & Brokerage 27.0 2,579,012,567 2,456,725,011 Other Operating Income 28.0 264,322,762 286,145,433 Total Operating Income 8,288,935,430 6,018,967,069 Operating Expenses Salary & Allowances 2,034,596,249 1,848,280,506 Rent, Taxes, Insurances, Electricity, etc. 29.0 216,615,830 177,266,251 Legal Expenses 11,984,452 10,955,172 Postage, Stamp, Telecommunication, etc. 30.0 84,949,278 77,949,546 Stationery, Printings, Advertisements etc. 31.0 78,757,200 77,559,915 Chief Executive's Salary & Fees 2,629,717 2,940,000 Directors' Fees & Expenses 32.0 8,372,181 8,109,777 Auditors' Fees 449,350 418,000 Charges on Investment Losses - - Depreciation and Repair of Bank's Assets 33.0 179,023,486 143,897,719 Other Expenses 34.0 509,197,568 356,293,095 Total Operating Expenses 3,126,575,311 2,703,669,981 Profit/ (Loss) before Provision 5,162,360,119 3,315,297,088 Provision for Investments & Off- Balance Sheet Items 19.1 ,19.2 & 19.3 1,381,535,652 401,532,084 Provision for diminution in value - of Investments in Shares - Other Provisions - 5,100,000 Total Provision 1,381,535,652 406,632,084
Total Profit/(Loss) before Taxes 3,780,824,467 2,908,665,004 Provision for Tax Current Tax 19.4.1 1,700,771,010 1,490,123,306 Deferred Tax 19.4.2 31,000,000 17,950,107 Net Profit/ (Loss) after Tax 2,049,053,457 1,400,591,591 Retained Earnings from previous - - year Add: Net Profit after Tax 2,049,053,457 1,400,591,591 Profit available for distribution 2,049,053,457 1,400,591,591 Less: Appropriation 2,049,053,457 1,400,591,591 Statutory Reserve 756,164,894 581,733,001 General Reserve (279,202,480) (45,141,410) Retained Earnings including Proposed Dividend 35.0 1,572,091,043 864,000,000 Earning Per Share (EPS)- 36.0 375.46 368.42 (Revised) The accompanying notes 1 to 38 form an integral part of these Financial Statements. Kazi Harun-ar-Rashed Engr. Md. Eskander Ali Khan Md. Shamsul Huda, FCA M. Fariduddin Ahmed Director Director Director Managing Director Signed as per our annexed report of same date Howladar Yunus & Co. Aziz Halim Khair Choudhury Chartered Accountants Chartered Accountants Dated, Dhaka April 27 2008
Page 1 and 2: AUDITORS’ REPORT TO THE SHAREHOLD
Page 3 and 4: ISLAMI BANK BANGLADESH LIMITED Bala
Page 5: Bills for Collection 7,397,027,013
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

auditors' report to the shareholders of islami bank bangladesh limited

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?