BANK As at 30 June 2015

hprf:P(B-201s
AUDITORS' REPORT
&
AUDITED FINANCIAT STATEMENTS
OF
PROBASHI KALTYAN BANK
As at 30 June 2015
K. M, HASAN & CO.
Chartered Accountants
Hometown APartment
18th & gth Floor)
87, New Eskaton Road, Dhaka'1000
AHMAD & AKHTAR
Chartered Accountants
BclC Bhaban
3rd Floor
30- 3l Dilkusha c/A
Dhaka - X000
Phone: 9351457, 9351564
2
Phone: 88-02-9561289, 717413
Fav.:88'02- 9345792
Fax: 88-02-9564366
Eilai : kmh-co@Yahoo.com
com
E-mail: aacanol20@gmail
web:www
kmhasan com
Contents
sl.
Pate No.
7
01-02
2
03-04
3
05
06
5
Statement ofchanger in EqultY
a)
08
6
Notes to the FinancialSlatements
09-24
8
Hlshlishts on the overalL activiti€s of the Bank
29
9
Fixed Assets scheduler (Annexure " A)
30
AHMAD & AKHTAR
K. M. HASAN & CO.
Chartered Accountants
Chartered Accountants
Auditors'Report
to
the Shareholders of Probashi Kallyan Bank
accompanylng financial statements of Probashi Kallyan Bank (the "Bank") which
comprise the balance sheet as at 30 June 2015, profit and loss account, statement of chang€s In equity and
statem€nt of cash flows for the year then ended and a summary ofsignlflcant accountlng policies and other
we have audited the
explanatory inf ormatlon.
Managements Responslblllty for the Financlal Statem€nts
anagement Is responsib,e for the preparatlon and fak presentation of these financlat statements of the
Bank in accordance wlth Bangladesh Financial Reporting Standards (BFRS), Probashi Kallyan Bank Act 2010,
applicable rules and regulations lssued by the EanBladesh Bank and other applicable laws and regulations'
M
The responsibillty includes; designing. implementing and maintalning internal contro' relevant to the
preparation and fair presentation of financial statements that are free from material misstatement'
whether due tofraud or error; selectlng & applylng approprlate accounting policies; and making accounting
estimates that are reasonable in the circumstances.
Audltors' Responslbility
Our responsibillty is to express an opinlon on these flnancial statements of the Bank based on our audjt'
We conducted our audlt in accordance with Bangladesh standards on Audjting {BsA) Thos€ standards
require that we comply with ethlcal requkements and plan and perform the audlt to obtaln reasonable
assurance aboutwhetherth€ flnancial statements
ofthe
Bank arefree from materialmlsstatement
in the
An auditinvolves performing proceduresto obtaln audit evidence aboutthe amounts and disclosures
judgment,
of
the
includlng the assessment
financial statements. The procedures selected depend on our
ln
risks of material misstatement of the ffnancial statements of the Bank, whether due to fraud or error'
preparation
fak
and
to
the
entity's
relevant
making those risk assessments, we consider internal control
presentation
the financial statements of the Bank in order to design audit proc€dures that are
of
effectiveness of
appropriate in the circumstances, but not for the purpose of expressing an oPinlon on the
policies
of
accounting
the
appropriaten€ss
tie entity's internal control. An audit also includes evaluating
the
as
evaluatlng
used and the reasonableness of accounting estimates made by manaSemen! as well
ove.all presentation ofthe fina ncial statements ofthe Bank.
we believe thatthe audit evid€nce we have obtained
is
sufficientand appropriate to provide
a
basisforour
audit opinion.
01
[r).
AHMAD & AKHTAR
K. M. HASAN & CO.
Chartered Accountants
Chartered Accountants
oplnion
Bank prepared in accordance \/ith Bangladesh Financial
position ofthe bank as at 30 'lune 2015
ftt*s), glve a true and fairvlew of the financial
flows for the year then ended and comply with
results of lts financlal performance and lts cash
Bangladesh Bank and other
,"nk Acr 20x0, appticabte rutes and regulations issued bv
In our opinion the financial statements
*"r*"! ji."o"*
and
ofthe
inJ
rJ".r,i*"t,r"n
ofthe
applicable laws and regulations'
We also report that:
whlch to the best of our knowledge and
we have obtained all the lnformation and explanations
audit and made due veriflcation thereof exceptthose
belief were necessaryfor the purposes of our
matters mentioned inthe letter to the management;
the Bank so far as it
as required by law have been k€pt by
i)
ii)
in our opinion, proper books of account
appeared from our examination ofthose books:
Bank dealtwith bYthe reportare in agreement
the balancesheetand profit and loss account ofthe
lssues discussed in the letter to the management;
with the book of account and returns exceptthe
iii)
ofthe Bank's business;
purpose
the expendlture incurred wasforthe
have been
2015 &the profitfor the yearthen ended
the financial position of the Bank as at 30June
been
& the financlal statements of the Bank have
iv)
v)
"
o."o"rV
r*,"""0
ir"i"r"a
in
in the financlal
sta;ents
principles;
the generally accepted accounting
*lth
"""o14"n."
-l\rhAfinancialstatementshavebeendrawnupinconformitywiththePlobashiKallyanBankActand
'"
by Bangladesh BanK'
*itft the accounting rules and regulations issued
in
""aorarna"
prescribed standards set in the accounting
vii) the financial statements of the Bank conform to the
of
regulations issued by Bangt"a""h
a;Li".l,
vlii)
e'ntli"t
ti''" ittues discussed
with the prof€ssional accounting bodies
"ont'ltation
tetter to the Management'
in the
"*."pt
satisfactory;
by us have been received and found
the information and explanations requked
ix)therecordsandstatementssubmittedbythebrancheshavebeenproperlymalntainedandinthe
letter to the management;
^'
"l
xi)
mentloned in the
financial statements, exceptthose matter;
assets of the Bank
we have reviewed ov€r 80% of the risk weighted
a
nd we have spent around 1'040
Bank;
audit ofthe books and accounts ofthe
which are in our opinion' doubtful of
provlsions have been made for loans and advan€es
.rn ior" fo,,r'"
Adequate
xii) :::ff];
2OO3
, *"
Bank circular
Risk Management lssued bv Bansladesh
no xT dated 7 october
are Yetto be complied'
Other Matter
ThefinancialstatementsoftheProbashiKallyanBankfortheyearended30June2014-wereaudltedjointly
v/s rlan wahab shatique Rahman & co
ana
on 20 October2014'
expressed an unqualified opinion
chartered Accountants aLlditorwho
by M/s. Aziz Hatim Khair
cf'o'aflu|' ctt"'t"'lil"to'ntants
'
}ffiil\hB(-
K M, HAsAN & CO.
:_3iered Ac.oLrntants
:::eC
::
Charte
Ur!
Dhaka
:?oiember 2015
02
K,
M. HASAN &
AHMAD & AKHTAR
Chartered Accouniants
CO.
Chartered Accountants
Probashi Kallyan Bank
Balance Sheet
As
at30June 2015
30.06.20ls
30.06,2014
!c&
PROPERTY AND A55ETS
1
Cash in hand (lncludlns foreisn cunencies)
(
Balance with Bansladesh Bank & its asent bankG) fcludinBfore sn
^
Balan.ewithotherbanks&financialinstltutions
Money
at.allon short
I
1n96.977
-
1nq6s77ll
1477.101.917
I
L1Aa,592,732
rryr*ry1
5
Notice
6
435.510,087
Loans, Cash
290,172,085
Credit& Overdcft etc.
BiLs purchased & discounted
Fixed arseB including premises,
furnit!re
and fixturcs
a
2a,782,039
21,271912
9
98,495,205
11,!55,245
2.O41.1A7 .246
7.772.r91,97 4
751,7t8,663
544,015,629
LIAAILlTIES AND CAPITAL
Boftowlngsfrom other banks, financial lnstitutions and agents
10
Deposits and otheraccounte
current Accounts and other accounts
11
2,5-7a,575
6,520,A79
108,05s,808
sav ngs Bank DePosits
Shod Nouce DePosts
!4,264,267
Deposit Pension Scheme
62
91,346,396
8a5,a18,239
6t5,362,O25
1,000,000,000
63,639,885
1,000,000,000
74
15
55,\21,167
49,619,334
16
16,41a,043
21,729,712
1,157,369,007
13,157,A27
L136,a29,949
2.043,7a7 ,246
1,772,197,974
13
18
ii
Proflt and Loss A/c
Total shareholdert' Equity
!Jr!
us
rota Liabilitiet
and Shareholdert'
tquity
5A2,79
134,099,576
71
capital/shareholders' EqritY
4,754,472
30,841,437
5,575,7A6
52,755,819
7.769
03
Db.l, l
AHMAD&AXHTAR
M. HASAN & CO.
chartered Accountants
K.
Chartered Accountants
off-Balance Sheet ltems
30.06.2015
30.06.2014
Ele
Ici!
Acceptanc€s and Endo6ements
lrrcvocable Letters of Credlt
Bilk 60r collection
oth€r contingent Liabilltles
fotal:
oocumentary credits and short term tlade_related kantactlons
rorward assets purchas€d and forward d€posits placed
undrawn note issuance and revolvlng underwriting facilities
Undrawn formal standbv facilitiet, credit llnes and other commitfr ents
rotal Off'Balanca sheet ltems ln.ludlry contlntent llabilities:
€lalstatem€nts should be read ln conjunctlon wlth the annexed notes
slgned in terms of ourannexed rcpon ofeven date'
\ffi**-s<
/yJ"^--)-"'
(.
M. IASAN & CO.
Chartered Accountants
charteredAccountants
Dared, Dhaka
04
AHMAD &AXHTAR
Charlered Accountants
K. M, HASAN & CO.
ararterd Accountants
Probashi Kallyan Bank
PrcIit & Loss Account
Forthe vear ended 30lune 2015
20t4-20a5
2011-2014
EIe
rq I
riterest
208.673.080
(oo,ggr,gue)l
zo |
paid on deposits and botrowirgs etc.
ll
|
,47,779,754
Rent, taxe5, insuran.e, e ectrlclty etc.
23
Post.ae, newspaper, stamp,telecommun cat on etc
Stationery, Prinung5, Advertisements etc.
Chlef Execut ve's salarY and fees
74
l'
I
I
I
I
I
I
Itt
|I
I
8,951,811
25
1,569,053
2,956,729
26
819,200
233,454
77
100,000
losses
9,s93,515
746,000
7A
oepreciatlon of bank's ar3ets
29
R€palrofbankta$ets
30
rs6,01&168
Total oPerating expenses
ftt
31
I
Provislof for d mlnution lnvahe ofinvestments
provision for Loansand Advancet
Total Prof itlLoss bef ore tarcs
Prov sion
laxation
rr I
llll
ior CutrentTax
Provislon for Delerred Tax
Net Prollt aft er Taxation
z6-rn,E1
e.zlg.er:
I
r.o:s,gr:
I
r.rzo.sss
I
z,agt,on
I
srs.zoo
I
ae.sso I
*o.ooo
I
,,rur.o*
I
tzteq
I
ro,rzg,zz:
I
6A,959,862
87.058,305
79,495,434
Prorit/lo$ betore Provisioi
Provision for
szrl,r:sI
11,546377
22
Iot.l
I
(sz,zoo,g+g)l
!44,331,791
r:,srzrqsII
zr I
OlheroperaunC income
ToraloperatinB incone
on oan
202,032,639
[.;;L_--;
Comnission, exchange and brokerage
Charg€s
Etc
25.075.504
34,420,3t0
2r-128.61rc
23.128.64011
r4so8"6o4 I
,,ooo.ooo
I
16,508,6(M
70,549,701
29,9a1,623
29,983,6231
----314lf49-
12,244,575
t2,146,798
3.13
4.06
34
se
annexed
financial statements thould be r€ad In conlunciion with the
Manacingoir.dor
Sicned ln t€rms
X. M, NASAN
olour a.nexed
& CO.
Ifffik$Soq
CharteredAc.ountants
Chaftered Accountants
"*
05
AHMAO & AKHTAR
M, HASAN & CO.
Chanered Accountants
K,
Chartered Accountants
Probashi t(allyan Bank
Cash Flow Statement
Forthe v€ar ended 30 June 2015
Cash
o .ioe.o, rP.e
Isle
r43
f,","-r--:'#l
f.'---_',,,,,.#l
-- I
I
]
prr
.oln .*ior ,.' "ips 1,a'1
B"ro,elF(or odr(p'elrorlvw rlrelorl
fee o1o
(d'|-oa)m"nl'loemolovPP'
ca.,pd,fe1.5rosLpor'"'.
Oper.ting Profit before changes ln operatlngattets and
l.l
I
Netcarhiiomoperatingactivitles
llo$ fiom inve5li.q adivities
o-.!lr.eolpooerv.olanr&"q-'prert
(a\h
activities
o'a
mbo-o$,.s
,,or..,O,Or.l
.r-041.
I
I
,o_l
I
]
,r..r*..-l
-
t18'4.l'7i,1
-
14!'!B63'z4)
I
o
Net cash from
a-!!jf'!{3
o
I
L;#;l
-''(9'266'813)
acriviti.(
..,.J.6.,Dpr.6r5-1ol o-Ere
oer
^r,
71's93'199
f*"-''
l
I--.i;-:;;;l
iro'oo:'ggz)
alr&eoJ Pr'.1
cdsh flows from finan(ine
,o'l.o,r.rrrl
rr.-",
3-J,.)6,1,.a
I
Lor.ror.o
-ir.or.
other liabllties (it€m wGe)
,","*o,,rL
ir"'iirdt
lltt
D"po.nsr,oro,t.'bdr,r
0"oo,,.. om.L Lore-,
P
,r.,.Uo,rro,l
:)i
^"^.lr,j
2'7'266''00
(112'so'sog)
l;abilnles
e oi t roilg ,e.u. ue'
.r1.&ad/anF(ro(L+ome'.
or,e,a.e,,,rem-rker
-olp'op.1v
. "." ". "l
/'Brbr'@l
]
,,;;;.;;.;l I
liabilitie's
pL, 1a.e/
"
Netcashtrom investinS
I
,::,1::'l]:ll
I
od.d
tncrease/oecrease ln oreratine asets and
I
---l I
r0'6'g{'381
1r5r5,442j]
.r one r".es
qe.,.o.. . or o,1e.oo"rar .e d.,i. L,F. , ,e -.s,G,
Dd,-e.t.lorothelopelall18a.t,'ie'te_,$i!c'
o,
20!3 - 2014
!lows f rom ooeratinr a.tivities
,,6.e!,,4cepJn(a.h
.re,"J oa?Telrs
rd
2014- 2075
financin8activitlet
l7t'o52'632],
,or,".,ruL
(10'525'316)
--'6'J"o'05'
sobrb'zl
-ob
| 'tu"",z" I r'or'rez'rs'
--]'^*4"'"!- -JipEtl"
\" r,rea'e/de.rcd\e.a!l.a.n"no,d(lcoLracrr!arb'B,i.epe.oo
.ash ard cash equivalents aiend
,,,0.,.rr. 1
olperiod
period
AnaLysisoi cash and cash equivalents at end o'
f,loiet
al ca lon
shdtnoticc
,
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K,
AHMAO & AKHTAR
M. HASAN & CO.
Chartered Accouniants
Chart€red Accor.rntants
Probashl Kallyan Bank
Notes to the Financial Statements
For the vear ended 30June 2015
1
1.1
The bankand its activities
Reporting entlty
Probashi Kallyan Eank was established under Go\t. gazette notification dated 12 october 2010
under Probashi Kallyan Bank Act 2oLo (Act no. 55 of 2010). The requircments of the Bank
Companjes Act and other prevailing R€gulatlons related to the Eank Companies Act are not
appliceble tothe Bank exceptthe'Flrst Schedu,e' (sectlon no, 38)ofth€ Bank companies Act 1991,
as amended bY the BRPD Circular no. 14 dated 25 June 2003, other Bangladesh Bank circulars and
other laws and rules applicable in Bangladesh oras mentioned ln the Act.
1,2
Naturc ofbuslness
The Probashi (allyan Bank ls a specialized bank incorporated for the well belng of the emigrant
people. The bank provldes its customers different services i.e. accepting deposits, oxtending loans &
advances, collection of foreign remittanc€, money transfer etc.
2
2.1
Basis of preparation and siSnlflcant accountlng policies
Basls
ofprcparatlon
The financialstatements
ofthe bank for the period form 1st July, 2014 to 30 June 2015 have been
prepared underthe historicalcost convention and in accordance with the ProbashiKallyan BankAct
2010, the 'Fkst Schedule' {sectlon no, 38) of the Bank Companies Act 1991, as amended by the
BRPD Circular no, 14 dat€d 25 June 2003, other Bengladesh Bank circulars and other laws and ru'es
applicable in Bangladesh. ln case the requirement of provisions of the Probashl Kallyan Bank Act
2010 differ with those of other re8ulatory authorlties and accounting standards, th€ provisions of
the Probashi Kallyan BankAct2010shall prevail.
However, the Bank has departed from some requirements of BFRss in order to comply with the
rules and regulations of Bangladesh Bankwhjch are dlsclosed below:
2.1.1
cash flow statement
flow statement can be prepared either in direct method or ln lndirect method The
presentatlon is selected to present these cash flows in a manner that ls most appropriate for th€
BFRS: Cash
business or lndustry. The method selected is applied consistendy'
Banglad€sh Bank As per BRPD Circular No. 14 dated 25 June 2003, cash llow is a mixture ofdirect
and Indirect methods.
2.1.2
Loans and advanae net of provision
BFRS: Loans and advances
should be presented net ofprovisions'
presented separately as
Bangladesh Bank: As p€r BRPD 14, provlslon on loans and advan€es are
liability and cannot be netted offagainst loans and advances'
2.2
Functionalandpresentationcurrenay
the bank's functional currency.
The flnancialstatements ofthe bank are presented in Taka which is
Financialinformation have been rounded off tothe nearestTaka'
09
AHMAD & AKHTAR
M. HASAN & CO.
Chartered Accountants
K.
2.2
Chartered Accountants
Useofestimatesandiudgments
Ckcula' no 14
The pr€paration of the financial statements of the bank in conformlty with ERPD
judgments, estimates and assumptions that
dated 25 June 2OO3 requlres management to make
liabilitles' income
affect the appllcation of accountlng policles and the reported amount of assets'
and expenses. Actual result maydifferfrom these estimates'
Revisions to accounting
Estimates and underlylng assumptions are revjewed on an ongoing basls
revlsed and in any future p€riod
estimates are recognized ln the perjod In which the estimate Is
2.4
ThebankmaintainsitsbooksofaccountformainbusinessmanuaL]Ywherejnsomecasesmaintairs
through software automation
2.5
Foreign
cu
rrencY transaction
TheBankhavebeenawardedl]mitedl]censetotransactforeigncurrenc]esandauthorizedto
transaction through anY AD
receive foreign currency directlY. The Bank shall have to report the
to agranl Bank' Main Branch and be
Branch of Ag;ani Bank Accordingly the Bank have approached
able to transact foreign currency verY soon.
Reporting period
to be from 1 July to 30 I une each year and
The accounting period of the bank has been determlned
igfollowedconsistently'Thesefinanc]aIstatementscoverstheperiodfromlst.]u1y,2014to30
1une,2015.
2.7
Cash Flow Statement
with Eangladesh Accountlng Standards BAS
Bafk BRPD Circu dr No 14
7: ' statement of Cash F ows' and under the guidellne of Bangladesh
dated25]Une2003.ThestatementshowsthestructureofchangesincashandcasheqUivalents
Cash Flow Statement has been prepared ln accordance
during the financial Year.
z.a
Statement of changes in equitY
or decrease ln net
Ihe stat€ment of changes in equity refl€cts information about increas€
assets
or
worthoftheBank.statementofchanSesinequityhasbeenpreparedinaccordancewith
statements' and relevant
sr;gtr,lurh n".orntlng Standards BAS_1: 'Presentauon of Financlal
guldelines of Bangladesh Bank.
10
AHMAD & AKHTAR
M. HASAN & CO.
;hartered Accountants
K.
2.9
Chartered Accountants
Liquidity statem€nt (asset and Liabllity Matu ritv analvsis)
The liq!!dity statement has been prepared in accordance with remainlng maturity grouping of
Assets and Liabilities as of the close of the year on the following basis;
Balance with other banks and financlal lnstilutions, money at cal and on short notice etc' on
a)
the basis of their maturitY term;
2.10
b)
c)
d)
e)
f)
g)
lnvestments on the basis oftheir residual maturityterm;
Loans and advances on the basis oftheir repayment/rnaturlty schedule;
h)
i)
Otherlongterm liabilitY on the basis oftheir maturitvtermi
Provisions and other iabiities on the basis oftheir settlernent;
oftheir useful llves;
Otherassetsonihebasisoftheiradjustment,
Fixed assets on the bas s
Borrowingsfrom otherbanks and financiallnstitutiors, as perthelrmaturity/repavmentterm;
trendi
Deposits and otheraccounts on the basis oftheir maturityterm and behavioralpast
Cash and cash equivalents
banks & financial
cash and cash equivalents include notes & coins on hand & ba arce with other
lnsutuuon.
2.11
lnv€stments
Noinvestmenthas been made bythe Bankas vet'
2.12
Loans, advances and provisions
(i)
Loans and advances
Twotypes ofloans are belngdisbursed by the bank, such
(ii)
as
Mi8ration loan and Rehabllitation loan
Securities against Loan
Migration loan:
Pe
rsona I guara ntee ls consldered as the securitv against the mi8ration loan'
Rehabilitation loan:
the rehabilitation
Personal guarantee and collateral both are consldered as th€ security against
loan
(iiil
Prcvlslon for loans and advances:
loan at each Year
Provision agalnst loans and advances has been made @ 5% on total outstanding
2013'
22'
september
ended as p;r decision of the Board of Directors in lts meeting held on
11
K.
M. HASAN & CO.
AHMAD & AKHTAR
Chartered Accountants
Chartered Accountants
2.13
Flxed assets and depreclatlon
Fixed assets are recognlz€d If lt ls probablethatfuture economic beneflts associated with the assets
willflow to th€
Bank and the cost of the assets can be reliably measured.
{i) Flxed assets are stated at cost less accumulated depreclatlon as per Bangladesh AEcounting
Standards 8A5-16| 'Property, Plent and Equipment'. Acquisition cost of an asset comprises the
purchase price and any dlrectly attributable cost of bringlng the asset to working condltion for
its intended use,
(ii) Depreciation is charged at the following rates on a,l flxed assets on the basis of estimated
useful lives as determined by management of the bank. ln all cases depreciation ls calculated
on the Straight [ine method.
(iii) Depreclation rates
used for each type of fixed assets
a
re as follows:
Rate of depreciation
Category of fixed assets
Furnlture and fixtur€s
LO.O0%
offlce Machineries
20.oo%
Ofrice Equipm€nts
ts,o0%
ElectricalEquipments
20.oo%
Vehicles
20.00%
(iv) Repairs and maintenance are charged to profit and
loss account as expense when incurred.
is charged on addltlon commencing trom the date of acquisition an d d€preciation
js charged on disposalitem uptothe date ofdlsposal.
(iv) Depreciation
2.14
Other assets
Otherassets include all other financial assets and include fees and other lJnreallsed income
receivable, advancefor operating and capitalexp€ndlture and stocks ofstatloneryand stamp.
2.15
Receivables
Receivables are recognized when there ls a contractual rlSht
to receive cash or another {inancial
asset from another entitY.
2.16
Deposlts and otheraccounts
Deposits and otheraccounts lncludes savings deposltand fixed deposits,
2.17
Other liabllltles
otherliabilltlescompriseitemssuchasprovislonforloansandadvancesfnvestments/otherassets,
taxationandalsoincludesinterestpaYable,accruedexpensesetc'.otherllabilitiesarerecognlzedin
1984 End
the balance sheet according to the guldelines of Bangladesh Bank, lncome Tax ordjnan'e
internal poljcy of the ProbashiKallyan Bank.
12
AHMAD & AKHTAR
K. M, HASAN & CO.
Chartered Accouniants
Chartered A€countants
2.18
Statutory rcseave
20% of its
Bank Companles Act 1991it is r€quked for the bank to transfer
paid up capital'
current year's proflt after tax to reserve untilsuch reserve equals to its
As per section 24
2.19
ofthe
Provision Ior taxatlon
Current Year tax
50% as pres€ribed in the Flnance A€t 2015 of
Provislon for current income tax has been made @ 42
and dlsallowances'
the proflt made bythe Bankconsidering majortaxable allowances
2.20
Revenue retognition
as
alL conditions of revenue recognitions
The revenue during the vear has been recognized tol owing
prescribed by Bangladesh Ac.ounting Standards BAS_18: Revenue"
0)
lnterestonunc|assified|exclUdingspec]alMentionedAccount(stv]A)]loansandadvanceshave
banks (FDR & STD)
income on accrual basis' Lnterest from balance with other
to,
lu"n
"."ornt"a
",
has been accounted for on cash basis and accrued basls'
(ii)
Fees and commission income
Feesandcommiss]onincom€arisesonservic€sprov]dedbythebankandrecognizedor1a..sh
receipt bash.
(ii0
lnter€st paid on borrowings and deposits
on 360 days in a year and r€cognlzed on
Lnterest paid on borrowings and deposiis are caLcLrlated
cash basis.
(lv)
lnterest income from lnvestments
lnterest income on lnvestments in
(v)
accounted foron cash basis
Managem€ntandotherexpenses
Expenses incurred
2.21
FDR is
bythe Bankare recognized on actueland accrualbasis'
Earnings Per share
by divlding the Profit
Earnings per share (EPS) has been computed
as at 30 Jun€ 2015 as
averag-e number of ordinary shares outstanding
Standards (BAS)_ 33;'Earnings per Share''
13
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AHMAD & AI(HTAR
M. HASAN & CO.
:_a.tered Accountants
X,
2.22
chartered Accountants
Standards
Complianceof BanBladesh Financial R6porting
(BFRS)
and Bangladesh AGcountlng
Standards (BAS).
Kallyan Bank applied most of
while preparing the financial statements' Probashi
BFRS
and BAs as
adopted by ICAB. Details are glven below:
r;I" ii
s;sl"d".h
Frnancial Reporling standard5 {BFRs)
E;rtr;Ad"ptl;, "f 8",c1"d",il"'"ld
N/A
R€porting Standards
share-Based PaYment
gusiness combinatlons
2
N/A
3
N/A
N/A
lnsurance Contracts
Discontinued Operatlons
Non- CurrentAssets Held forsale and
Resource
Explorationforand Evaluation of Mineftl
Flnancial lnstruments: Disclosures
5
6
7
8
N/A
1
Applied
i-""ormingst"na"ras(gAs)
pre-semation of Financial Statements
2
7
Statement ofCash Flows
Estimates and Errors
Accounting PoLicies' Changes in Accounting
Events Afterthe Balance sheet Date
Construction Contracts
8
10
Applled
11
N/A
72
Not applled
t6
Property, Plant and Equipments
L7
18
Employee Benefits
of Government Assistance
Accountingfor Govt. Granttand Disclosure
Rates
The Effects of Changes in Foreign Exchange
Borrowing costs
Related Party Disclosures
Benefit Plans
Accounting & Reportlng by Retirement
Separate Flnancial Statements
lnvestments in Associates & loint Venture
Financial Instruments: Presentatlon
Earnings Per Share
lnterim Financial RePorting
lmoairment of Assets
prolvistons, Contingent tlabillties and Contingent Assets
htansible Assets
iin"n-.irt
tnrtrr."nt.'
n"cognition and lvleasurement
lnvestment ProPertY
19
20
2l
N/A
23
24
Applled
26
27
28
N/A
32
33
Applied
34
36
31
38
39
40
41
14
Applied
N/A
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II
II
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tt
tt
tt
5
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K,
AHMAD & AKHTAR
M. HASAN & CO.
Chartered Accountants
Chartered Accountants
2.23
Related party dlsclosures
As per Bang,adesh Accounting Standards BAs_24: 'Related Party Disclosures', parties are consldered
to be related if one of the party has the ability to control the other party or exercise significant
influence overthe other party in ma king financla I and operating d€cislons.
'fhe Bank provides banking serulcetothe emigrant and returned people In the form ofadvances but
the bank had no transa€tions with the directo6 ofthe bank as a related party.
(i)
Board of Direators oI ProbashiKallyan Bankend thelrlnterestin thebank
sl.
Name of Directors
1
Dr. Khondak€r lftekhar Haider
2
Ms, Begum samson Nahar
Name of the firms/compani€s/
lnstltutions in whlch they have
secretary, Minlstry of Expatrlates'
Welfare & Overseas EmPloyment
Status
wlth
Probashi Kallyan
Chairman
Director General(Additiona Secretary)
, Bureau of Manpower, EmPloYment &
Director
Training
Syed Mabinul Haque
3
4
5
6
Mr. GokulChand Dash
Director Genera I (Monitoring Cell),
Ministry of Finance, Bangladesh
secretariat. Dhaka
Additional Secretary Bank & tinance
Department, Mjnistry of Finance
Additional Secretary Ministry of
€xpatrlatesr Welfar€ & Overseas
Employment.
Mr. Md. Hazrat Ali
Mr. Md. Mojibur Rahman
JointSecretary (Admin &
Development), Ministry of Labor and
Employment, Bangladesh Secretariat,
Director
Director
Director
Director
Dhaka
7
Director General (Flnance), Minlstry of
Md. Riaz Hamidulla
Foreign Mlnistry
8
Mr. Md. Ahsan Ullah
9
Mr. Md. Mosharraf
chowdhury
H
Executive Director, Bangladesh Bank
ossain
Director
Director
Managing Director
of Tk
The directors have no other lnterest in the Eank except for availing meeting attendance fee
5,000for ea.h meeting.
{ii)
Slgnillcant contraats where bank ls a party&wherein Dlrectots have lnterest:
Nil
(ii)
Related Pafty Transactlons:
Therc ls notransaction held between the dlrectors and the bank'
15
AHMAO & AKHTAR
(. M. HASAN & CO.
::artered Accountants
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(rv)
Chartered Accountants
[endins Policies to Related Padies:
general loan pollcy ofthe bank'
Related parties are not allowed loans and advances as per
(v)
concem oI the Directors as per sectlon_
Buslness otherthan banklng buslness with any rclated
18(2) ofthe Bank Companies Act 1991:
Ntl
(vi)
concem:
lnvestments in the Secudtles oI Dlr€ctorsand th€lr related
2,24
Nil
Executlve Committee of the bank.
Dr. Khondaker lftekhar
tulini.t.y of rrpatriates'
G[6IJulin,
Haider
overseas EmPIoYment
Ms, Begum samsun Nahar
6I""tor" ',erat(ld
e
d
welfare &
itio nal secreta ry) ,
Bureau of ManPower, EmPloYment &
Fdn.n"ls".rut"ry,
Bank & Financ€
of Flnance
MIoistry
Department,
Mr. Md. Hazrat All
iiin'at secretary, vinittry of Expatriates'
Welfare & overseas EmPloYment
Mr, Matiar Rahman
2.25
6liGrytvtanaglng oirector (Joint
secretary),Mlnistry of Expatriates' welfare &
Overseas EmploYment
Audit Committee ofthe bank
AuditcommitteeofProbashlKallyanBankhasbeenformedwiththefollowlngBoardMembers:
Syed MabinulHaque
6ilEi
(tu'tonltoring cell), Ministrv
of Finance, Bangladesh Secretarlat, Dhaka
e
*erat
&
Mr. Md. Mojibur Rahman Joint Secreta rY(Ad min
Development),Minlstry of Labor and
Employment, Banglad€sh Secretarial
Mr, Md.Ahsan Ullah
E-"",ti"" Di*at"r, B",gladesh Bank, Head
office, Dhaka.
16
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M, HASAN & CO.
:^.1ered Accountants
K,
2.26
Chartered Accountants
ManaS€mentCommittee
The bank has formed a management commlttee to expedite day to day transactlon promptly with
the following execuuves ofthe Bank.
1
Chairman
Mr. Md. Mosha.ref Hossain Chowdhury
Mernber
Member
GazlMohammad Julshas, NDC
3 Mr. Md. Mohabbat Ullah
Mr. Mohammad Abu SaYeed
5 Ms, Hasna H€na Parvin
6 Mr. Mohammad Kamal Hossain
2 lvlr.
2.27
MemberSecretary
Asst. MemberSecretary
concurtent AuditTeam
scrutinizing
A department in Head offlc€ has been formed to carry out concurrent audit. TheY are
of their
the
management
to
reporting
day to expense vouchers and loan flle. TheY are regularly
f indings.
2.24
Member
Accordingly correctlve measures are being taken.
gvents afterthe balance sheet date
EventsafterthebalancesheetdatethatprovldeadditionalinformationabouttheBankspositlonat
Balance
the balance sheet date as per Bangladesh Accountlng Standards BAS-10: 'Events After the
sheet Date'.
2.29
Management's responsiblllty on flnancial statements
TheBoardofDirectorsoftheBanktakestheresponsibilityforth€preparationandpresentationof
these flna ncial statem ents,
2,30
General
Figures appearing ln these Flna ncjal Statements have been rounded
\7
offtothe n€arestTaka'
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:_:'iered Accountants
cash in hand (lnc ldlng toreisn cutrencle,
Ba ance wlth BanBladesh Bank & itsagent
4
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30.06.2015
30.06.2014
r3&
Et!
3,496,977
ba.k(s) (includinsforelcncu encies)
____-__3,oe6el1
Balancewithotherbanks&financialinsiitution5
7,477 ,301,917
n Bangadesh(Note4.1)
o!tslde Bangladesh
--J
,411,:91211-
\3A3,592,732
4.1 l, Bangladesh
Cutrent Account
sTD Account (Note 4.1.1)
F xed DepositAccount (Note4.1.2)
136,903,390
1,340,398,s27
1,477 ,301,917
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AHMAD & AKHTAR
chartered Accountants
HASAN & CO.
Sonal Bank Limlted
lanata Bank Llmited
Arab B:ngladesh Eank Ljmlted
7,367,574
70,779,067
1,000
7,473,350
one Bank Lim ted
46,215,84\
Barkask Llrnited
7,429,744
22,155,a51
AgraniBankLmted
PKB, PrincipalBranch
2\5,242
Rupa iBank Llmited
shahja al k am Bank Llmited
975,673
10,000
136,903,390
4.1.2
54,99!,446
1,32A,60\,246
7
)Aa.592.132
1,316,564
16,624,416
1,000
11,194,372
23,669,519
2,785,715
54,991,446
FixedDePosltAccount
SonaLi Bank Llmited
265,000,000
70,000,000
40,000,000
lanata Eank Limlted
BanBLadesh KrishiBank
Nationa Bank Limited
city Bank L mited
250,447,242
10&353,166
92izo,3-lZ
40,010,000
1s0,000,000
United Commercia Bank Limited
50uth Bangla Agr culture Bank L mited
BASIC Bank Limlted
AB Bank Limited
MadumatiBank Llrnited
lFlC Bank L mited
40,000,000
40,000,000
50,000,000
50,000,000
100,269,000
22q000,000
O.e Bank Limited
Ex m Eank Llm ted
Rupa i Bank Llm ted
south East Bank L mited
Eastern Baik Llmited
2,500,000
20,000,000
54,A32,649
80,000,000
273,975,419
183,990,439
1,340,398,127
soc al kLami Bank L mited
Staidard BankLlrnited
NRB Bank Limited
Meghna Bank Limited
18
20,000,000
52,137,774
2,600,000
20,005,000
10,000,000
71,640,350
40,000,000
!11,442,O73
732a,60L246
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AHMAD & AKHTAR
M, HAsAN & CO.
:.e.iered Acco!ntants
4.2
Chartered Accountants
30.06.2015
30-05.2014
Ef!
EIs
Maturlty grolping of balrnces with oth€r
b.trks & linanclal lnstltutlons
13O903,390
315,000,000
over l month but not morcthan 3 months
Over3 months but not morc than l Year
Overlyear but not more than
s4,991,446
!,031,496,577
294,504,7
1,o22,794,5-27
-69
5 Years
2,600,000
___1,471,)9!D17
7,1A3,a92,732
Money at call on Short Norce
Financial lnstltutions (Public & Prlvate)
Others
Loans, Cash Credit & Ov€rdraft etc. (Note
Bilk purchased & discounted
71)
435,510,087
29A,172,445,
435,510,087
290,172,O45
435,510,087
290,!72,O45
435.510,087
290,772,045
435,510,087
290,172,085
419,794,441
14,716,594
939,052
274,252,914
_li!E1949
___.2eoE2,@5
435,S10,087
2g0,.L72,;85
435.510,087
290,772,045
loans, Cash crcdit & OverdEft etc.
ln Eansladerh
LoanslNote 7.1.1)
Cashcredlt
Total lnslde Bansl.desh
M gration Loars
Rehablitation Loan
MotorCyc e Loan
7,2
15,979,!67
Remaining maturity grouping of lo. ne
Payable on demand
Not rnore thar 3 months
Above 3 months but not more than l Vear
Above l year but not more th.n 5 years
Above 5 yeaB
79
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:
.,r. HASAN & CO.
-;1:
AHMAD & AKHTAR
Chartered Accountants
red Accountants
7.3
30,06.2015
30.06,2014
Ele
Ele
Loans on the basls of signlficantcon.€ntration lncludlng bills
purchased & dhcounted
a.
b.
c,
d.
Advancesto Dlrcctors
Advancer to MD and othersenlor Executives
AdvancestoCustomersgroup
Advancesto lndustrial sector
ceo&aphlcal Locatlon - wise Loans and Advances
lnside Band.desh
7A4,5A3,627
100,554,319
74,A22,264
Chlttagong Dlvlslon
Khulna Divlslon
Rajshahl Dlvlsion
Sylhet Divlslon
6!,642,852
17,925,113
15,761,154
30,300,738
435,510,087
BarisalDlvlslon
Rangpur Division
Total hslde Banglad6h
outslde Banglad€sh
1.5
7A4,AA4,464
11,726,940
26,723,325
32,169,104
13,341,306
16,161,004
26,045,9A2
2qo.172.085
Dlstributlon ot Loans and adv.nces accordinS to BRPD Circular bv
sangladesh Bank
Standard
SMA
435,510,087
294,172,445
435,510,087
290,L72,04s
435,510,087
290,772,045
year agalnst total
No Loan clasifkaton has been made bv the Bank. s% provlsion ha5 been made for the
outstandifg loan ba ance at the yearend.
7.6
Parti.ulaB of loa
O
ns and
Adr.nces:
Debts consideredcood n respect
comPanY
kfu
lY
ofwhichthe banklnc
75,919,167
secured
(i)
Debtscorsideredcoodiorwhichthebankingcompafvhods
no other securityother than debtols personal security'
{lli)
Debtsconsldered good secured bv pe60nallab Liti'so'one or
mofe parties n addition tothe Personalsecuritvofthe
(iv)
d;bts consldercd doubtfu or bad not provided for
(v)
Debts due bY dlrectoB and offce6 of the banklns compaiv
or anv of them eiiher severallv or iointly with arv other
(vr)
14,716,594
Debts d'ue by companles or f rms in which the directo6 of
the banklns companY are interested as directors, partners or
n"ldeilg aeFlls o ,. tle cd\a or Dr:vr'P roaodl'4' d\
2A
274,252,914
434.571.035
'
290,172,045
ffi,
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HASAN & CO.
:-:':::ec
(vi)
rI
AHMAD & AKHTAR
Ac.ountants
Chartered Accountants
30.06.2015
30,05.a)14
Ilta
Elc
L5,233,710
4,242,469
77,527,450
5,907,042
Maximum total amolnt oi advances lncluding temporary
advances made at any tlme durlng the year to the dlrecio.s
or manageB or ofikers of the bankins company or any of
them either severally orjoint y with any other person.*
(vill) Maxmum tota amount of advaices includins temporary
adv:nces Branted during the year to the cohpanies or firms
ln whlch the directors of the b.nkiig company are interested
as directors, partners or managng agents or n the case of
pr vate company
I
(ix) Due from bankirscompanies.
(x) claslfied Loansand Advances:
a) Clasfied oans and advances on which irterest has rot
been credited to income
b) (Dec.ease)/lnc'easein provsion(sp€clrlc)
c)
!
Amount rea ned aga n5t loan pr€violslywrtten off
d) Amount oi provislon kept agalnst lGn cassified
-
(xi)
Amount oflhe written off loan:
a)Curnu ative amountofCassified Loans which is
as
w.tten
written offln curent Year
c)The amount ofwritten offlca$ified loanforwhkh law
b)Classlried Loans/Lite rest wave
qulrs havp heen f lPd
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tix€d assec in.luding premises, furniture and fixtures
F!rnitureand Fixtures
Less: Accumulated depreciat on
\,745,404
1,351,708
4,181,942
26,543,618
3,753,669
56,033,609
44,929p47
27,75t,5s0
17,658,035
_____]9t!4q
Schedule ot ftued Atseas is gieen in
l) lncome teneratinS assets
ll) Non-lncom€ generatinS assets
Stationery stamps, pdntlng materialset . (Note 91)
Advanc€ income tax (Note 9.2)
Acrounts Re€eivable (Note 9.3)
a)
b)
c)
d)
9.1
Anlexurc-a
1,4D,427
7,129,4A6
21,600,6s3
26,234,254
498,946
43,288,559
t40,374
75334,274
A€crued lntereston FDR
----__4,u1012_
98,496,206
94,496,206
71,158,U5
Prepald Printing Stationery
7,414,123
Prepald s€curity Statlon€ry
2,494
919,660
209,426
71,755,245
St.tionery stamps, prlntlnS mate.iah etc.
___--_!,417,oX
27
7,129,446
A,
(_ (Dhda
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Chartered Accountants
30.06,2015
9.2
Add: Addltion During the Year
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Le$r settled durinsthe Year
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30.06.2014
EIc
Iltq
26,23a,254
28.s45.489
s4,783,743
13-183.090
21.600-653
28,950'774
26'23A'254
AdvanceAga nst House Rent
758,475
Adju5ting Account Loaf /Savings
{181611
lao314
55,189,028
7A950,774
26,238,254
85,700
62,000
360
350,886
498'946
Borrowingsfiomoth€rhants,linancial lnstitutiontand agentt
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chartered Accountants
K. M, HASAN & CO.
Depositc and other accounts
Current accounis and other Accounts
Savlngs Bank DePosiis
Short Notice DePosits
Fixed Deposits (Note 11.1)
11.1
6,520,;79
4,154,;12
108,055,808
2,578,515
30,887,431
F14.964.26!
508,373,785
620,300,000
502,798,000
@.@.
\.575,746
____E! F64E_ ____ n$ErE_
PDS
Repayable on demand
35,641,843
Repayable withln 1 month
over l month butwithin 6 months
Over6 months but withln lYear
Over lyear butwlthin 5 Years
over5yeats bltwithln 10YeaE
!2
Other llabilitiet
Provision for Loan and Advances (Note 121)
Provklon for lncenuve Bonus (Note 12 2)
Provjsion for csR (Note 12.3)
Provision for Expenses (Note 12'4)
otheE Payable (Noie 12.5)
Provision for currentTax(Note 12 6)
5taff Providert Fund
staff SuPerannuation Fund
staff
R
sk/Benevolent Fund
634,564,26!
5aa,313,146
614,5€/,251
544,015,629
42,941,O91
21,165,541
4,310,045
1,000,000
920,300
58,360,539
23,a2a,640
1,936,669
L4AO,!76
3,27),624
1,000,000
2,940,364
32,A92,743
29,983,623
459,115
421,2a4
22,176
@na
-----qlss!ee
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AHMAD & AKHTAR
chartered Accountants
K. M. HASAN & CO.
Chartered Accountants
30.06.2015
!0,06.2014
I3tc
12,1
Provlsion for loans & Advances
Prcvislon held at b€Einnlng ofthe vear
Add: Provlsion made for the Year
Less: Adjusted
21,165,5a7
42,941,091
@@
durlngthe Year
ma!19,,**11:::9:11#H::;::'ff,:::T.:f[ctors
has been
held on september
22,2013 The aggregate
3,217,620
!
duringthe Year
held
at the end of the vear
Provision
Lessr PriorYear
'929
820,309
967,515
3.277,620
ofthe vear
adju5iment
Add: ProvGlon made for the Year
Provisio. held at the end ofthe vear
12.4
2,597
--ffi--ffi
Lessr Paid
Provklon held at beginnlng
n ts rneetne
provrsLor
Provision for lncentlve Bonus
Provision held at beginning of the vear
Add: Provision made for the Year
12,1
6,656,983
14.508,604
Provision held at the end of the vear
rhe provGon
Ele
1,000,000
300,000
700,000
300,000
500,000
1,000,0!q
1,000,000
------lI9!{99-
Provision for ExP€nses
500,000
500,000
--:!:y:::-
1,500
Provision for Photocopy Repalr
100,000
150,000
forAodit Fee
Provision forWater Bill
20,000
518,400
100,000
76,34O
30,000
50,000
Provislon
Provjsion for Elecricity
ElLl
Provislon forTelePhone Bill
Provision
f or
Postage/lnternet
Provision for Honourium
Provision Stationery
Provislon for
rurniture,Air
63,500
90,000
121,000
':o
7,207,84O
CooLer' Equipments
14s,0!0
printing
Provision for prlnting/securitv
6,520
Provlsion for Overtime
Provislon f or Advertisement
Excise D!itY PaYable
Loan Ri5k coverage scheme
lnterest Payable
o'
FDR
,o,ooo
130,000
920,300
2.940,160
l,42,144
184,656
1!,A2\
658,619
13,381
3,s14
15,050
20,803,509
300
12,686,190
35,932,476
1,184,849
!2,449,17s
ffi@
Undi5tributed saLary
73
s1,415
6.047,398
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{. iv1. HAsaN &
AHMAD & AKHTAR
chartered Accountants
co.
:_:iered acco!ntants
,.6
OrentTax
Provldon for
Provision held at beginnlng of th€ vear
Add: Provlsion made forcurrent vear tax
30.06.2014
Els
EIe
79,9At623
a6,439,211
29,9a3,621
23,12A,640
53,112,263
71,6,422,a14
86,439'711
29.9a3,623
a998!.621
the vear
Less: AdjLrstment made durlng
zr'lza'640
Provision h€ld at tha end of the vear
5O,OOO,OOO
30.06.2015
-- t,.r,."rp*
ordinary shares of Tk 100 00 each
--i900-49q999-
l..ued. Subscribed and Paid'up Capltal
ii.i*,* tri'""*
1O,OOO,0OO
-a
taid upcaoitalofthe sant asrollows:
tp*prqr." -P",*tP*
Ordinary Shares of Tk IOO'00 Each
ol sh
;-r(h,r.holders
oi
6iililfri,i7-iii-Tiir"tl"P'utt'
Finance secr€tary'
Eangladesh represented
bv
ffi".E;"""Gfr;ffi-14
ilm
atthe beg nnlne of the Year
{20" o' oro'n oero'" ta')
;;"';'".
BaLance
;;;,
""J"r'"",'"'
15
Balance at the begLnn
t6
tro""oio ortDero'eIa \
ngoftheYear
s*"v"'r'5"" o' orortr oero'e rJ))
Balance at the begrnn
;; ;";'.. d,;'
17
50,000,000
50,000,000
9,500,000
10,000,000
950,000,000
1,000,000,000
1.OO0,o0o,ooo
950,000,000
ffiffi
ffiffi
52,155,879
49,679,334
ngortheYear
;;,;;;i,",".;",,";,""r
500,000
!3,757,027
ffi--
3A,645,879
39,096,879
10'229,542
7 a)7.4A5
"1"p"
oividend paid durlng the Yeat 2013-20!4'
th"
"f
by rinance secretary'
repres€nted
Bangladesh
effi"t
P"'Ple's
Republlc
552,632
10,500,000
!!,052 !?
6i!Ex"ttvq49sq
18
Account
Surplus In Proflt and Loss
20,637
'169
300,000
12.244 575
add: Prior Ybar adlustrn€nt
add: Profit for the Year
13,7A2'3M
Lt.052,632
,,
24
129.712
18,817,887
12.346194
31,164,08s
r0,526,315
20-6a7,159
ffi:
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:-
(. M.
AHMAD & AKHTAR
Chartered Accountants
HASAN & CO.
Chartered Accountants
20!4 - 20!5
201? -
&!a
EIs
lnterestor Loais (Note 19.1)
lntereston Depostwith other Bank (Note 19 2)
20!4
44,445,494
164,227,586
22,656,571
779,376,126
lnterest from Fore gn Banks
208,673,080
79,1
L9,2
42,62t,946
21,258,395
LA22,976
552
L394,178
44444494
22,656,513
3,712,502
160,s14,984
164,227,546
777,A57,296
179,376,126
lntereston Deposit with other Bank
lntereston ShortTerm Depos t
lnterest paid ondepositt and borowingsetc.
176,4-9?
9t930
574,164
On SND
541,173
66,235,661
66.893,326
21
2324,A30
fil,295
56,848,459
57,700.848
other operating income
7O,215,84
478,500
3.224.057
!3,917,795
7,416,514
419,950
1,115,61\
9,212,L15
salary and allowan.es
\5,1A2,!27
1,744,986
6,913,204
ilouse ReitAllowance
Con!eya nce ALlowa nce
Wages to
co.tract basis emPloYees
Wages to temporary basls emPloYees
Deputat or alowance
7aa,44O
\244,672
5,466,340
4,151,617
244,827
1,006,593
1,217,O26
6,379,662
267,789
1,905,488
251,954
117,890
196,080
1,342,968
75,276
8,400
21,924
2,657,A29
159,284
135,686
2X2,579
15,600
bna nce/ Oth er Allowa nce
Dearne$ A lowances
Entertainment A lowance
9,565
9,125
64,000
49,1A6,044
Iax ofStaff paid to NBR
25
5,596,2A0
1,048,050
14,2AO
su
5,980,955
\27,234
3,A67,54!
superannuatlon Furd(Banks contribution)
7!,!15,272
7,500
36,977,799
AHMAD & AKHTAR
K. M, HASAN & CO.
Chartered Accountants
ara.tered Accountants
23
2014 - 2015
2013 - 2014
Icle
EIq
Rent, taxet, lnsurance, electricity etc.
Taxes.nd VAT
ectriclty and HeatinC
7,346,621
5,459,274
\,4$,249
769,338
721,25L
Rates,
E
24
Postage, newtpaper, ttamp, tele.ommunication
+
'tc'
Telecommun cauon
141,89s
______9!C,8r3
220,953
!34,7A8
1,171,590
991,447
!71,327
4,183
Stationery, Printinct, Advertitements etc
Printing, Securlty Statlonery
Publlcity,Advertisementand publlcation
1-s59.05:,
7,726,555
\,6!6,324
7,278,307
1,623,542
504,s12
474,667
566,510
303,231
2.996,729
3,591"678
480,000
8,400
240,000
480,000
8,400
10,800
80,000
10,800
80,000
819,200
chief Executivet s.larY and fee5
Entertainment A lowarce
_*_e194q
Board meetlng and auditcomm ttee meeung
Other Meetlng Feey'Be.ef ts
Each D rector is paid
240,000
233,450
88,950
233.450
88,950
provided io the dlrectors of
fo.Tk.5ooo per nreetinS. Therewas no otherl nancla benetits
Depreciation of bank's a$ets
Furniture and Fixtures
t,523,372
\,6s6,574
Repairof bank'tassets
7,1ar,4AA
269,223
2O2,156
835,610
5,308,736
9,593,515
750,734
4,479,736
707,742
135,116
64,800
52,844
256,176
373,764
509,to2
746,OOO
26
1,154,035
7,76a,O69
A"
Itl (
ur"r, )''l
\?\
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la
K.
M. HASAN & CO.
AHMAO & AI(HTAR
Chartered Accountants
30
Chanered Accounia.:s
Otherexpenses
Iravellins Expenses {GenerE t)
rravellins Expenses (rransfer)
2014 - 2075
2073 - 2074
&!g
I!!4
869,937
882,354
33,050
Banking Diploma & Others Hon.
ining Expenses
Commksion & Exchange
Eranch shift ins/Openlng Expenses
Business Development Expense5
News Pape. & Periodlcak
Water & Sewerage expens€s
lnterest Paidon GPF Fund
ClosingAllowance
Tra
349,A31
2a9,6',75
1,384,206
1,161,887
5,264
559,722
33,670
nr,uo,
163,870
173,67L
42,529
7,693,7
7,996,471
/5
2,5A3,7a3
91,614
250,060
141,7,26
150,000
l40,4aa
Su.dry Exp€nses
603,653
488,264
1,124,296
7,234,2t4
314,000
70,t74,729
Provlsion for oncl3ssiried loans & advances (Note 12.1)
Provision forclasified roans & advances
77,77s,504
14,508,604
_____4t1!,s04_ ______41e994
32
Provision
for
3,000,000
300,000
ncenUve Bonus
1,500,000
500,000
______!r9g9g9_
The abo?e provsion for ifceitive bonus has been made on Iump sum basls which ls subject to approval of
approp.iate authorty,
Provision forCurrentTax
29,983,623
Add: Provision rnade for cutrert year tar
Less: Adjustment made durins the
a6,439,277
23,72a,64O
ye.r
Earninss Persh.re (lPS)
Net Profit after Tar (NL,meEtor)
Number of Ordiiary Share Outstandins (Denomlnator)
Earning Per share {EP5)
27
53,712,263
29,983,623
23,!24,540
716,422,834
46,439,271
29,943,623
31,297,694
10,000,000
40,s66,078
10,000,000
____________!:13
K.
M, HASAN & CO.
Chartered Accountants
35
AHMAD & AKHTAR
Chartered Accountants
Coverage ol Externat Audit
Theexternalauditorhascovered80%oftherhk-weiEhtedassetsandhavesPentarolnd1,040manhoufiJol
the audit of the books and account ofthe bark
35
Events after rePorting Period
(i)
the financlal stateme'ts
Ihe Boa.d of DirecioG in its nreeung held on 10'09'2015 approved
and authorized
Kallvan
ii. ru." ro, o*" rh" eorrd also approved div dend amountins to Tk' 1o'OOo'oOO for Wage Earners
cofBanghdesh'
Board and Tk,526,316 forThe Government ofthe Peop et Rep!b
r.
Dated, Dhaka
10September2015
+-.:0"{
@
(:(
Dhrka
)-)
eb/e'
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K.
AHMAD &AXHTAR
chartered Accountants
M. HASAN & CO.
Chariered Accountants
Probashi Kallyan Bank
Highlights on the overall activities ofthe Bank
For the vear ended 30 June 2015
Particulars
Sl. No.
1
Paid up capital
2
TotalCapital
capital Su.plus/ (Deflcit)
3
5
TotalDeposits
6
9
Total Loans and Advances
Total contingenl Liabilities and commitments
Credit - Deposit Ratio
of Ct"t.ifi"d roans aga rst total Loans &
10
Advan.es
Profit after Tax and Provision
11,
filo,rnt ofcta..ified
7
8
12
1,000,000,000
1,000,000,000
N/A
2,043,1a7 ,246
7,772,797,914
544,Ols,629
290,\12,O85
751,774,663
435,510,087
57.94%
5?34%
31,291,690
40,566,O78
Lo"ns and Advances
agalnst
Classified Loan
Provision Kept
Provislon SurPlus/ (deflcit)
Cost of Fund
15
lnterest Earnjns Assets
16
71
Non-interest Bearing Assets
Return on lnvestment {ROl)
18
Return on Assets (ROA)
19
21-
lncomes on Investm€nt
Earnings Per Share (EPS)
Net lncome PerShare
22
Price Earning Ratio
20
zoL3 - 2014
"entug"
74
13
2014 - 2015
a.9a%
7A.67.,4
7,944,691,040
9a,496,206
7,701,036,724
11,755,245
N/A
29
1.69.
3.38%
3.13
4.06
3.13
4.06
N/A
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