| Profit and Loss Account |
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| For the year
ended 30 June, 2007 |
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Notes |
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2006-2007 |
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2005-2006 |
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Taka |
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Taka |
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| Interest and
discount |
18 |
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608,233,162 |
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589,819,654 |
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| Interest paid
on deposit, borrowing, etc. |
19 |
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(56,329,280) |
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(65,657,888) |
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| Net Interest
Income |
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551,903,882 |
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524,161,766 |
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| Investment
income |
20 |
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29,416,110 |
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11,767,961 |
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| Commission,
exchange and brokerage |
21 |
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3,181,051 |
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48,108,642 |
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| Other
operating income |
22 |
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50,327,721 |
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52,999,534 |
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| Total
Operating Income |
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634,828,763 |
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637,037,903 |
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| Salaries and allowances |
23 |
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213,396,106 |
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178,233,009 |
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| Rent, taxes,
insurance, lighting, etc. |
24 |
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10,349,331 |
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11,264,524 |
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| Law charges |
25 |
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682,543 |
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1,373,895 |
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| Postage,
telegram, telephone and stamps |
26 |
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3,332,759 |
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2,593,300 |
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| Auditors' fees |
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127,000 |
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127,000 |
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| Stationery,
printing, advertisement, etc. |
27 |
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3,320,978 |
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4,643,682 |
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| Managing
Director/Chief Executive's fees |
478,922 |
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357,243 |
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| Director's fees |
28 |
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395,545 |
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479,505 |
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| Depreciation
and repair of fixed assets |
29 |
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18,092,232 |
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20,699,442 |
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| Sale from or
dealing with non-banking assets |
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| Bad debts
write off |
30 |
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312,574 |
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25,653,989 |
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| Other
expenditure |
31 |
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30,900,245 |
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31,913,819 |
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| Total
Operating Expenses |
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281,388,234 |
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277,339,408 |
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| Profit before Provision |
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353,440,529 |
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359,698,495 |
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| Loan Loss
Provision |
32 |
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- |
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35,492,774 |
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| Provision for
investment |
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44,642,203 |
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- |
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| Others |
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13,923,380 |
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- |
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| Total Profit
after Provision |
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294,874,946 |
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324,205,721 |
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| Prior years'
Adjustment |
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203,045,660 |
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10,849,048 |
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| Net Profit for
the year |
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497,920,606 |
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335,054,769 |
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| Accumulated
loss brought forward |
(369,157,935) |
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(704,212,704) |
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| Net
Profit(Loss) after adjustment but before provision
for tax |
128,762,671 |
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(369,157,935) |
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| Provision for
Taxation |
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49,725,330 |
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- |
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| Net Profit
after tax |
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79,037,341 |
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(369,157,935) |
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| Appropriations: |
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| Statutory
Reserve |
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59,037,341 |
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- |
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| Surplus for
National Exchequer |
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10,000,000 |
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- |
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| Retained
Earnings transferred to Balance Sheet |
10,000,000 |
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- |
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| Total: |
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79,037,341 |
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(369,157,935) |
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| The annexed
notes form an integral part of the Profit and Loss Account. |
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| Deputy General
Manager
General Manager Managing
Director |
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| Director
Director
Director |
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| This is the
Profit & Loss Account referred to in our report of even date. |
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| Khan Wahab
Shafique Rahman & Co. |
Rahman Mostafa Alam &
Co. |
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| Chartered
Accountants |
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Chartered Accountants |
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| Dated: Dhaka |
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| November
15,2007 |
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