Social Islami Bank: Condensed Consolidated Financial Statements - 30 June 2022

Transcription

1. SOCIAL ISLAMI BANK LIMITED AND ITS SUBSIDIARIES CONDENSED ('ONSOLIDAI'ED BALANCE SilI;ET ( tIN-AUDITED) AS AT 30 JUNE 2022 30.06.2022 Taka 31.1 2.2021 I aLa 30) 3.702.153.188 3,416.64.856 3.1 27.460,665.756 31,162.818,944 20,075.647,654 23,492,262,510 3.882.730.266 3.081,491.413 6,964,221,679 7,010.4-1-7 , 5 03 2.540.793.14! 9.571 .24t).845 6,868.092,794 9.662.743.194 15,039.330.000 9,139.296.352 24,178,626352 20. I 65.050.) tO)) 9.223.90.847 29.388.955,847 307,477,797.724 18.443.878.034 325,921,675,758 296.821 IS.] 62.255.802 311,983.820.529 4,370,758,189 24,600.366,247 4.261.357,069 20.232.831.433 424,066,559,963 408,593,2 11.428 41.411,370.577 I 76.1 74.695.652 87,809.993.820 43,367,1 63.244 6.953.160.322 401.792.662 356,118,176,277 37.308.109.943 176,256.11 7,X2tt 80.3 99,200.5 II 40.088.703 .003 5.064 .260.30' 382.356.998 340.398.813,180 Note(s) PROPERTY ANt) ASSETS Cash in hand Cash in hand (Including forcign currencies) Balance with Bantzladesh l3ank & its Agent Banks (Including foreign currencies) Balance with other Banks and Financial Institutions 4(a) In Bangladesh Outside Bangladesh Placement with Banks & other Financial Institutions Investments in shares & securities Ll S 6(a) Governnient Others Investments 7(a) General investment etc. Bills purchased and discounted Fixed assets including premises, l'urnitures and fixtures Other assets Non Banking assets Total assets 8(a) 9(a) LIABILITIES AND CAPFrAL Liabilities Placement from Banks & other Financial Institutions Deposits and other accounts C 10(a) Mudaraba savings deposits Mudaraba term deposits Other mudaraba deposits Al-wadecah current & other deposit accounts Bills payable Cash waqf tiind Bond SI 13L mudaraba subordinated bond SI BL mudaraba perpetual bond Other liabilities Deffered tax liabilities! (assets) Total liabilities S .600,000.0)0 5 ,000, )00,00( 10,600,000,000 II 12 4.$00.00t).000 5000,000,000 9,800,000,000 13(a) 4(a) 38,295,548.826 471,800,125 37,731.786.286 465,54 L725 404,685,525,228 389.196.141.192 1 Shareholders' equity Paid-up capita I Statutory reserve General reserve Others reserve Revaluation reserve on flxcd assets Retained earnings Total shareholders' equity Non controlling interest Total shareholders' equity with non controlling interest I'otal liabilities & shareholders' equiI 9.849.088.440 7.860,977.398 13.938,396 11.903,615 557,024.130 1.088,100.792 9.849.088.44)) 7.605.264.9/4 I 3.938.39'f 8.500.00)) 557.024.13)) I .303.2S2.35J 19,381,032,771 1,964 19.381.034,735 19,397,068,299 1.937 19.397170.236 424.066,559.963 408.593.211,428
2. 11 30 .06.2022 Taka 31.12.2021 Ia La Off-balance Sheet Items CONTINGENT LIABILITIES . . Acceptances and Endorsements Irrevocable Letters of Credit (including Back to Back Bills) Letters of Guarantee Bills for Collection Other Contingent Liabilities Total 8.199,160,389 21 .739.997.4U0 21.109.424.35? 9.340,5 3 .905 7.273.89.0 I 74,272,458,171 59.463,904.333 74,272,458,171 59,463,904,333 25.541.243.400 31.147.660,349 9,384,394.033 OThER COMM ITMENTS Documentary credits and short term trade related transactions Forward assets purchased and forward deposits placed Undrawn note issuance and revolving underwriting facilities Undrawn formal standby facilities, credit lines and other commitments Total Total Off Balance Sheet Items including Contingent Liabilities Coml5a ny Secretary (CC) 1~0; Managing Direor & CEO Chief Financial Officer 4Lrrtii
3. SOCIAL ISLAMI BANK LIMITED AND ITS SUBSII )IARIES CONDENSED CONSOLIDATED PROFIT AND LOSS ACCOUNT (U-AUDITED) FOR 'rilE HALF \'EAR ENDED 30 JUNE 2022 Note(s) Jan-June 22 Jan-June 21 April-June 22 April-i iine 21 'I'aka Taka 'l'aka laka 10,498,002,533 11 11,583,241,5135.504.539,854 I nvcstntent income 15(a) Less: Profit paid on deposits 16(a) 7,920,988] 2.S77.014.029 Income from investment in sharessecurities 17(a) 611,698,514 365,850,176 3 12.779,039 2 l4.07'),oll Commission, Exchange and Brokerage 18(a) 1,487,560,039 796,381.410 .025.843.663 401 .08L757 Other operating income 19(a) Net investment income Total operating income 7,950,896,934 1632.344.579 4,056.58S,I 1.447.951.101 2.134.020.082 415,085,482 324,900,444 317,530,948 220,635,34.1 2,514,344.035 1,487,132,031 1,656,153,650 835,751.741 5,091,358.063 5,119,476.609 3,104.104,751 2,969.771.822 Salaries and allowances 20(a) 1,970.854.535 1.728.747.379 1,065.809,694 957,1 30,3 6 I Rent, taxes, insurances, electricity etc. 21(a) 254,957.637 238,146.884 135.669.204 128.7 10.796 Legal expenses 22(a) 3.880.869 3.522.440 2,288.748 1,572. toO Postage, stamps, lelecommu n icat ion etc. 23(a) 3.842.998 4.476.678 1.785.674 1 I 0.566,67 I Stationery, printings, advertisements etc. 24(a) 64,347.505 58.278.392 29.039.351 27.452.753 Managing Director's salary and allowances 20.1 8,946,668 7,590,000 4.542.501 Directors' fees & expenses Sharialt supervisory committee's fees & expenses 626.139 1,318.419 419,927 Auditors fees 488.750 488.750 244,375 214,375 313.281,221 304,114.637 2)0,854.998 204,060.187 98,107,918 90.692.042 49,053,959 674,414,509 591.069,762 356,146,916 3,393,956,786 3,028,445,382 1,855,997,184 1.615.857.829 - 1,697,401,277 2,091,031,228 773,543,066 1.248,107,566 1,353.913.993 208,036 - 141.836 Charges on investment loss Depreciation & repair of Bank's assets 25(a) Zakat expenses 26(a) Other expenses Total operating CXI)CIISCS Prolit/(Loss) bcfore provision 344,481.371 Provisions for investments 28,403,615 Other provisions Total provision 27(a) Total protit/(Ioss) before tax Provision for income tax 28(a) Cu nent tax 40,68.1,10311 45.316.021 262.27) 60 357.H 239.792.733 14,731,168 I 645.070.959 372,884.986 814,227,169 254,523,901 1,324,516,290 1,276,804,059 993,583,665 708.843.034 649,965,135 698,895,086 554,404,491 644.225,553 693,601.428 550.528.790 474,920,816 47) .8 I 3.875,70) 3.0 19..ls.; 5,739,582 j Deferred tax 5,293,658il Net Prolit/(loss) after tax 674,551,155 577,908,973 439,179,174 233.922.218 A oo rop na (ions Statutory reserve 255,712,424 247.702,527 195.511.847 I 39.7fl. 127 6,402,967 5,540,100 4.272.614 2.322,9 1 5 195,132,881 60,367,397 98,105,483 29.843.113 Start up Fintd Coupon/ dividend on perpetual bond 457,248,272 313,610.024 297,889.944 171.907.350 Retained surplus 217,302,883 264,298.949 141,289,230 62.014.868 Attributable to: Equity holders' of the Bank 217,302,856 264,298.919 141,289,224 62,01.4.856 27 30 7 12 217,302,883 264,298,949 141,289,230 62.0 I-4,68 674,551,155 577,908,973 439,179,174 233,922,218 0.49 0.53 0.35 0.21 Non controlling interest Earning Per Share (EPS) ( Prior period restated) 31 / Corn pany Secretary (CC) Chiel' Financial Office,' M. . c CEO aiDir V .16- 4,/)r
4. SOCIAL ISLA1I BANK LIMITED AND ITS SUBSIDIARIES CONI )ENSED CONSOLIDATED CASH FLOW STATEMENT (UN-ALDITED) FOR Till' hALF YEAR ENDEI) 30 JUNE 2022 30.06.2021 laka 30.06.2022 Taka Cash Flow from operating activities Investment income receipt I'roflt paid on deposits Dividend receipts Fees & commission receipt Recovery from written off investment Cash payments to employees Cash payments to suppliers Income tax paid Receipts from other operating activities Payments for other operating activities Operating protit before changes in operating assets and liabilities Changes in operating assets and liabilities Statutory deposits Net trading securities Investments to other banks . Investment to customers Other assets Deposits from other banks Deposits received from customers Other liabilities on account of customers frading liabilities Other liabilities Sub Total Net Cash how from operating activities Cash flows from investing activities Proceeds from sale of securities Payment for purchases of securities Proceeds from sale of fixed assets Purchases of property, plant & equipments Purchase/Sale of subsidiaries Net Cash flows from investing activities Cash flows from financing activities Receipts from issue of debt instruments SI BL Mudaraba Subordinated Bond Receipts from issue of right shares/ordinary share Coupon dividend on perpetual bond Dividend paid in cash Net Cash flow from financing activities Net increase/(decrease) in cash & cash equivalents (A+B+(:) F. Effects of exchange rate changes on cash & cash equivalents F. Cash and cash equivalents at the beginning of the year C. Cash and cash equivalents at the end of the year (D+E+F) Net operating cash flow per share (CNOCFPS) prior period restated 1 Cornly Secretary (CC) Mangioi'& CEO 29(a) II .472.487.003 (6.927.781.246) 365,850.1 76 415.552.9(15 2.016,162 (1.736 -- 137.379) (299.947.1(6) 3) 807 .196 (76.9.).o I (655 2.472.900.751 10.178,548.755 (6.850,278.429) 611,698,514 452,252,763 30,557,520 1.979,801.203) (323,1 86)1 I (761.845,143) 1.200.395.880 (824.537.946) 1,733,804,700 5.210.329.495 (4.643.1 60.12 It 70.0U8.3U (15.2 24.1 06.527.$'5 (13,937.855,230) (3.316.793,414) 13.929319.696 719.333,325 (455.828,534)11 2,148,505,339 3,882,310,039 375.832.74 (375,832,745) (800,000.000) L (195.132.881) (492.454.422) (1,487,587,303) 2.018,889.991 249.996.877 12.726,246,549 44,995.133.418 33 Chief Financial Officer 3.94 I 2.522.276.269 4,995,177,021 T1 i 02 :7.0 127.002.662 (40tU.0001 (60.367.30'i) (460,367,397) 4,661.812.286 25.779, 29 34 07 680 6U 48,766,272.57S 5.0?
5. SOCIAl , ISI.AMI RA\K L1\IITEI) AND ITS St RSII)I ARIES STATE\IENT OF CONDENSED ('O\SOI.IDATEI) CHANGES IN 1;Qtirlv (UNAU1)ITED) FOR Fill: hALF YEAR ENI)E1) 30 .ILNE 2022 (amount in I .lKiJ Particulars Paid-up Capital 2 Balance as at 01 January 2022 Changes in Accounting Policy Resatatcd Balance Surplus / (Deflcit) on account of Revaluation of Properties Surplus / (Delicit) on account of Revaluation of Investment ( 'urrency translation difference Net gain and losses not recognized in the Income Statement Net proflt for the year Start-up Fund for half year Coupon/ dividend on perpetual bond Appropriation made during the period Issue of ('ash Dividend Issue of Share Capital Iransierred to retained earnines Total group shareholders' equity as on 30 .June 2022 CET-1 Capital under Basel Ill: Less: Adjustment in ('ET-1 Capital rd SI 131 Mudaraba Perpetual bond I 'otal Eligible Tier I Capital Add: General provision for unclassified investment Add: SIBL Mudaraba Subordinated Bond Add: Others (approved by BR) Total Tier 11 Capital Total Elegible Tier ii Capital (as per RBCA guideline) Total eligible capital as on 30 June 2022 Total Shareholders' Equity as on 31 December 2021 (ET-1 Capital under Basel Ill: I .ess: Adjustment in CET- I Capital Add: 51131 Mudaraba Perpetual bond (AT-I Capital) Total Eligible Tier I Capital Add: General provision for unclassified investment Add: SIBI Mudaraba Subordinated Bond Total lici' II Capital Total Eligible Tier II Capital (as per RBCA guideline) Folal eligible capital as on 31 December 2021 Share Premium Account I - 9,849,088,440 I I 7,605,264,974 - - - - - 255,712.424 - - 7,860,977,398 7,860,977,398 Other Reserves General Reserves Statutory Reserve I 13,938,397 6 sset Revaluation I I _Reerve _J Retained Earnings 557,024,130 1,363,252,358 - - 3,403.615 - 674,551.128 (6.402.967) I Q5.1 32.881 (255.712.424) (492.454.422) 11,903.615 - 557,024,130 - 1.088,100,792 1.088.100.792 FOR THE YEAR ENDED 31 DE('E1BER 2021 8,500,000 13,938,397 7.605,264,974 9,849,088,440 1 13.938.397 7.605.264.974 9,849,088,440 557,024.130 1.363.252.358 1,363.252.358 9.849,088.440 9,849,088,440 13,938,396 13,938,396 1. ( }iiel' 1"inancia I ( )llIccr w ror Total I 8,500,000 - - Non (ontrollino Interest (l() 1,937 10=(2 to 9) 19,397,070,236 27 674,551,155 (6,402.967) (195,132.881) 3.403,615 (492.454,422) 1,964 1.964 19.381,034.735 18,812,106,990 185.553.304 4.328.667.266 22,955,220,953 6.156.409.691 3.000.000.000 671.332.734 9.827,742,425 9,827,742,425 32.782,963,378 - 19,397,070,236 18,831.544,169 194,557,589 ____________ 4.2(1! .942.382 22.82!1 5,965.478.813 3,800.000.000 9,765.478,813 9.765.478,813 32.604.407.775 1,937
6. SOCIAL ISLA1l BANK LlI l 'FEI) CONDENSED BALANCE ShEET (EN-A(JDITED) AS AT 30 JUNE 2022 Note(s) 30.06.2022 I'aka 31.12.2021 laka 3.701 .001 .003 3.41 PROPERTY AND ASSETS Cash in hand 3 Cash in hand (Including Foreign Currencies) Balance with Bangladesh Rank & its Agent Banks (Including Foreign Currencies) 3.1 27.460.665.756 20.075.647.654 31,161.666,759 23,491.241,717 3.882.714.712 3,081.491.413 6,964,206.125 7,030.43 I .948 2.540.793.312 9.571.225.290 6,868,092,794 9.662.743.194 I 5.039,33l).000 8,823,504,207 23,862,834.207 20.1 65.050.000 8,992,484.206 29,157,534.206 4 Balance with other Banks and Financial Institutions In Bangladesh Outside Bangladesh Placement with Banks & other Financial Institutions 5 Investments in shares & securities 6 Government Others 7 Investments 297.61! .586.727 15J62.233.802_ 312,773,820.529 308,267.797.724 18.443.878.034 326,711.675.758 General investment etc. Bills purchased and discounted 4,247,797.726 19,298.793.002 4,359,282,480 23,743,342,021 8 9 Fixed assets including premises, furnitures and fixtures Other assets Non Banking assets 'l'otal assets - - 408,203,1663 423,671.100,144 LiABILITIES AND CAPITAL. I ia H lit ies Placement from Banks & other Financial Institutions - - 10 Deposits and other accounts 37.31)8.1 41.411.370.577 I 76,256.1! 2,826 176.174.695.652 80.390,200.511 87.809,993.820 42,25)).95t.675 44,293,433.625 5,064,769,305 6,953.1 60.322 3X2.35t'.9)8 401 .792.662 11 341,661,064.252 357,044,446,658 Mudaraba savings deposits Mudaraba term deposits Other mudaraha deposits Al-wadeeah current & other deposit accounts Bills payable Cash waqf lund Bond SIl3L mudaraba subordinated bond SIBL mudaraba perpetual bond ,0 4.800.000,000 12 .00.uiu,ouu s.000.000.000j L :-\ 13 14 Other liabilities Del'l'ered tax liabilities! (asse(s) ,61 )0( II 'Fotal liabilities U 9,800,000.000 10,600.000.000 37,171.753,649 471,169,576 36.239,237.582 465.429,994 404,487,369,884 388.965,'13 1.828 Capital/Shareholders' equity [ Paid-up capital Statutory reserve Revaluation reserve on fixed assets Retained earnings Total shareholders' equity I'olal liabilities & shareholders' equity I ~V 4 ~(t~/ 9.849,088.440 7.860,977.399 557,024.130 91 6.640.22,J 19,183,730,2)_ 423,671,I00,14L L 9,8 4 7.605 7(407! 557,0 4. 19) I ,226.u'l".292J 19,2 3 7.42335 08
7. 30 .06.2022 31.12.2021 i'aka 'laka Off-balance Sheet Items CONTINGENT LIABILITIES Acceptances and Endorsements Irrevocable Letters of Credit (including Back to Back Bills) Letters of Guarantee Bills for Collection Other Contingent Liabilities Total 25.541,243.400 31,147,660.349 9.384.394.033 8.199,160.389 21.739.997.400 21.109.424.352 9.340.583.965 7.273.89.6 1 7 74,272,458,171 59,463,904,334 74,272,458,171 59,463,904,334 OTHER COMMITMENTS Documentary credits and short term trade related transactions Forward assets purchased and forward deposits placed Undrawn note issuance and revolving underwriting facilities Undrawn formal standby facilities, credit lines and other commitments Total Total Off Balance Sheet Items including Contingent Liabilities 0 Chief Financial Officer Company Secretary (CC) Mangre EO 4ec~~ tor 4-airn' un
8. SOCIAL ISLAMI BANK LIMITED CONDENSED PROFIT AND LOSS ACCOUNT (UN-AUDITED) FOR THE hALF YEAR ENDED 30 JUNE 2022 Note(s) In vestnlcnt income Less: Profit paid on deposits Net investment income Income from investment in shares and securities 15 16 17 Jan-June 22 Taka Jan-June 21 10,419,840.274 7,885.227.405 2.534.612.870 605,099.609 1,427.911.215 11,530,390,229 7,914,591,934 3,615,798.295 18 925.974 78.405.682 April-June 21 April-June 22 Taka Taka Taka I 6.005.892.0.49 5.456,808.583 4.038,602.653 I Lx.91)0,19 2,1 16,896,751 1,418,205.931 0,9 0 414 440 01 - 21!) 355.44.3.0' 1,003,5 IM27 Commission Exchange and Brokerage IS Other operating income 19 220,1 414,839,289 323.933.040 - 347.374,461 785.986.133 1.391.264.696 1.635,368.042 2,447,850,114 4,982,462,983 5,007,062,991 3,053,573.972 2,902,882.884 Total operating income Salarics and allowances 20 1,949,575,766 1,712,391,860 1,053.247.037 942,929.33 Rent taxes insurances electricity etc. 21 254,957,637 235.038,114 135,669.204 126.910.) 65 Legal expenses 22 3.880.869 3.522.440 2,288.748 Postage stamps telecommunication etc. 23 3.058.038 3,527,732 1,394,096 24 64.284,632 58.126.840 29.021.701 27,379,901 8,946,668 7.590.000 4.542,501 3.840.000 Directors' fees & expenses 518,139 1,115.919 311.927 593,8.4.4 Shariah supervisory committee's fees & expenses 208.036 Auditors' fees 460.000 460.000 230.000 230.4 tOO 309,866,725 302,932.709 207,819.711 98,107,918 90,692,042 49.053.959 665,555,062 3,359,419,490 579.609.636 2,995,007.291 352.501,287 1,836,222.007 203.35.11 I 4S VIO.W I 255.61 53$') 1,623,043,493 344,481,371 344,481,371 1,278,562,122 2.012.055.700 773.543.066 773,543,066 1.238.512,634 1,217,351,965 239.792.733 239,792,733 977,559.232 Stationery printings advertisements etc. Managing Director's salary and allowances 20.1 I 1 66 (10,983,850) 141.836 - Charges on investment loss Depreciation & repair of bank's assets 25 Zakat expenses Other expenses Total operating expenses t'rolit/(Loss) before provision Provisions for investments & off B'S items Total provision Total Profit/(Loss) before tax I'rovision for income tax Current tax Deferred tax 26 I 27 28 Net Profitl(Ioss) after tax Appropriation Statutory reserve Start up Fund Couponl dividend on perpetual bond Retained earnings for the year Earning Per Share (EPS) ( Prior period restated) 31 II II 1.596.793.359 II 1.306.089.525 607,382.451 607.382.415 698.707.110 638.265,429 632,525.847 5.739.582 684,502,636 679.208.978 5,293.05$ 550.297.799 546,422,098 466.415,636 463.366.1521 3.049.484 640.296.693 554.009.998 427.261,433 232.291.472 255,712,424 6.402,967 195.132.881 457,248,272 183,048,421 640,2%693 247,7R :5 1 5,54 313,610,024 240,399,974 554.009,998 195.511.8.17 4,272,614 98.405.483 297,889,944 129.371.489 427,26 1,433 139,7.11.422. 2.)5 7.9,s43.0J 171.907.350 60,384.122 232,291.472 0.50 0.33 0.45 IF 3,875.70! ~ j Chic I' Fi na ucial Officer Contny Secretary (CC) KZ 4"- \Ianaging Director & CEO "/ i,nj r1i I 0.21
9. SOCIAL ISLAM I BANK LIMITED CONI )ENSED CASh FLOW STATEMENT (UN-AUDITEI)) FOR THE HALF YEAR ENDED 30 JUNE 2022 Note(s) 30.06.2022 30.06.202 I Taka Taka Cash Flow from operating activities 29 Investment Income receipt Profit paid on deposits Dividend receipts Fees & commission receipt Recovery from written off investment Cash payments to employees Cash paytnents to suppliers income tax paid Receipts from other operating activities Payments for other operating activities Operating profit before changes in operating assets and liabilities 34 11.11 9,616.0 (1) 0.8914 7o.2.t6 348.925.97) 337577.170 2.010.162 (1 .719.981 .800)! 0.100,386.495 (6.8 14.51 7.328) 605 .099.609 392.603.940 30.557.520 (1,958.522.434) (323.123.138) (744.522,089) 1.200.149687 (296.687.394) (686.538,5)1 075.982,21 7 ,(,14.229,481) (735.623.51)1 1,673,882,782 2.453,830.608 Changes in operating assets and liabilities Statutory deposits Net ttnding securities Investments to other banks Investment to customers Other assets Deposits from other banks Deposits received from customers Other liabilities on account of customers Trading liabilities Other liabilities 959s02.4 7 / (4,473,1640. 12 (348,251.91 3) (15.2 I 9.782.3621 24,491.199.387 Sub Total Net Cash how from operating activities Cash flows from investing activities Proceeds from sale of securities F'aymcnt for purchases of securities Proceeds from sale of fixed assets Purchases ol' property plant & equipments Purchase/Sale of subsidiaries Net Cash flows from investing activities Cash flows from financing activities Receipts from issue of debt instruments SIBL Mudaraba Subordinated Bond Receipts from issue of right shares/ordinary share ('oupon/ dividend on perpetual bond Dividend paid in cash Net Cash flow from financing activities I). E. I". C. 291 (50.894.11 6)I1 2,207,492,310 2,781,917.180 3,881,375,092 5,235.747.788 (375.029.190) (II 5.115 .nol (375,029,190) (115,125.662) (400,0000t (800.000.000) r )6O.307.3L) (195.132.881) (492.454,422) (1,487,587,303) (460.367.397) 4.660.2S4.729 2,018,758.599 249.996.877 Net increase/(dccrease) in cash & cash equivalents (A+B+C) Effects of exchange rate changes on cash & cash equivalents Cash and cash equivalents at the beginning of the year 42,725.210.201 14.075.111 Cash and cash equivalents at the end of the year (D+E+F) 44,9934 965.678 48.764,145,661 3.94 5.32 33 Net Operating Cash Flow Per Share (NOCFPS) prior period restated (onj'-Secretary (('(') Managin, irector & CEO ?('., Chief 1' inancial Off icer Z4~)r 01, Z ( c . 1~ at) 00.1
10. SOCIAl lSI .AMl RANK l,IMIlEl) ST ,.vrI:\IENF 01" 0N1)ENSEI) ChANGES IN EQEIlY (LIN-AIJI)l'FED) lOR TIlE hALF YEAR ENI)EI) 30 JUNE 2022 (arnou lit in Taka) Particulars Balance as at 01 January 2022 Changes in Accounting Policy Resatated Balance Surplus / (Delicit) on account of Revaluation of Properties Surplus / (Deficit) on account of Revaluation of Investment Currency translation Difference Net gain and losses not recognized in the Income Statement Net prolit for the year Start-up Fund for half year Coupon! dividend on perpetual bond Appropriation made during the period Issue of cash dividend Issue of Share Capital Transfirred to retained earnings Total shareholders' equity as on 30 June 2022 CET I Capital under Basel III: Less: Adjustment in ('liT- I Capital Add: SIBL Mudaraha Perpetual bond (AT-I Capital) Paid-up Capital Share Prenuiuiu Account 2 3 I Statutory Reserve General / Other Reserves Asset Revaluation Reserve 4 5 6 - - - - - - - - - - - - 9.849,088,440 9,849,088,440 9,849,088,440 - - - - 7,605,264,974 255.7 12.424 557,024,130 - - - 7,860,977,398 7,860,977,398 Ii J Retained Earnings Total 7 1,226,046,292 640.296.693 (6.402.967) (195.132.881) (255.7 12,424) (492.454.422) - - - - 557,024,130 916,640,291 916,640,291 I - . 640.296,693 (6.402,967) (195.132,881) (492,454,422) - 19,183,730,260 18,626,706.130 22,760,343,589 - Add: General provisiort for unclassi lied investment Add: SIBL Mudaraba Subordinated Bond Add: Others (approved by BU) - 184.867.455 4,318.504.913 ______ Total Eligible Tier I Capital 8=(2 to 7) 19,237,423,835 6.156,409,691 3,000.000.000 681.495.086 9,837.904,777 9,g37,994,777 Total Tier II Capital Total Elegible Tier II Capital (as per RBCA guideline) Total eligible capital as on 30 June 2022 32,598,248,367 FOR illE YFR FNI)l"l) 31 DECEMBER 2021 I oiai nai'enoiuers rqtIiu as uli i iecciiiuii LUL I CET I Capital Under Basel Ill: Less: Adjustment in CIT-I Capital Add: SIBL Mudaraba Perpetual bond (AT-I Capital) 9,849,088,440 1.226,046,292 7,605,264,974 __________ _________ _____________ ________________ Total Eligible Tier I Capital Add: General provision for unclassified investment Add: SIBL Mudaraba Subordinated Bond _________________ lotal Tier II Capital LIotal Ele"ible Tier II Capital (as per RBCA guideline) lotal eligible capital as on 31 l)ecember 2t)21 (oinpa ii'. Si,'ci'ctir\ (('(') _______________ ________ ______ ( Ir i el Jirraiicial ol. icer s1< tgigt & ( F() _____________ _______________ ____________ ________________ ___________ _____________ 18,680,399,705 194,557.589 4,196,627.222 22,682,469,338 5,965.478.813 3,SOt).000,t)00 9,765,478,813 9,765,478,813 4448,l52
11. SOCIAL ISLAMI BANK LIMITED SELECTED NOTES To TilE FINANCIAL STAI 'EMENTS AS AT AND FOR THE SECOND QUARTERJIIALF YEAR ENI)EI) 30 JUNE 2022 I The Bank and its activities 1.1 Status of the Bank The Bank was incorporated as a Public Limited Company in Bangladesh on 22nd November 1995 under Companies Act, 1994. The Bank is one of the interest-free Shariah based l3anks in the country and its modus- operandi are substantially difiBrent from other conventional Banks. The Bank within the stipulations laid down by Bank Company Act, 1991 (as amended in 2018) and directives as received from time to time from Bangladesh Bank, provides all types of commercial Banking services. Besides as a matter of policy the Bank conducts its business on the principles of Mudaraha, Musharaka, Murabaha. I3ai Muazzal and Hire Purchase transaction approved by Bangladesh Bank. The Bank is listed with Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited as a publicly traded Company. The Bank carries its Banking activities through one hundred seventy two (172) branches operating as per Islamic Shariah prevailing in the country. The Registered Office of the bank is located at 'City Center', 90/1 Motijheel Comniercial Area. 1.2 Enlistment with the Stock Exchanges The bank subscribed for IPO (Initial Public Offir) in the year 2000 and initially listed with Dhaka Stock Exchange (DSE) Ltd. and later on in the year 2005 with Chittagong Stock Exchange (CSE) l.td. Subsidiaries of SIBL: 1.3 SIBL Securities Limited SIBL Securities Limited, a wholly owned subsidiary of SIBL, was incorporated as a Public Limited Company under the Companies Act, 1994 vide certification of incorporation no. C - 85876/10 dated 20 July 2010 and obtained its certificate of commencement of business on the same day. The company has already got it license for trading with Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The company started its commercial operation in the month of .Ianuary 2012. The principal place of business is the Registered Office at 3rd floor. 15 l)ilkusha C/A, Dhaka-1000. The principal objectives of the company for which it was established are to carry on the business of stock brokers, dealers in relation to shares and securities dealings and other services as mentioned in the Memorandum and Articles of Association of the company. 1.4 SIBL Investment Limited SIBL Investment Limited, a wholly owned subsidiary of SIBL, was incorporated as a Public Limited Company under the Companies Act. 1994 vide certification of incorporation no. C - 6726! 10 dated 3() August 2010 and obtained its certificate ol' commencement of business on the same day. The principal objectives of the company for which it was established are to carry on the business of stock brokers, dealers in relation to shares and securities dealings, to underwrite, manage and distribute the issue of stocks etc. and other services as mentioned in the Memorandum and Articles of Association of the company. Paid up Capital Name of the Company I ISIBL Securities l.imited 2 SIBL Investment Limited 'I'otal Capital I Percentage of Share holding Others SIBL 1 1,537,500,000 99.999922% 250,000,000 99.999680% 1,787,500,000 0.000078% 0.000320%
12. 1 .5 Off-Shore Banking Unit (OBtJ) Bangladesh bank approved operation of' Off-Shore Banking Unit (OBU) of Social Islami Bank l.imitcd located at Banani Branch. through their letter no. BRPD(P-3)744( 119)/2010-4652. 1)ated: 11.11.2010. The bank has commenced the operation of its Off-Shore Banking Unit (OBU) from 02.05.2012. 2.1 Basis of the presentation of the financial statements: 2.2 Significant accounting policies The accounting policies set out have been applied consistently to all periods presented in these financial statements, and have been applied consistently by group entities, except otherwise instructed by the Bangladesh Bank as prime regulator. The financial statements of subsidiaries which are included in Consolidated Financial Statements of the Group have been prepared using uniform accounting policies of the Baiik (Parent) for transactions and other events in similar nature. Certain comparative amounts in these financial statements have been reclassified and rearranged to conform to the current period's nr.,e.,,,tflt 2.3 Recognition of profit suspense Profit I Rent / Compensation Suspense account and I)oubtful Income Profit / Rent / compensation accrued on classified investments are suspended and accounted for as per BRPD Circular no: 15 (09 November 2009) issued by the Bangladesh Bank. Moreover, incomes that are irregular (doubtful) as per Shariah are also not included in the distributable income of the Bank. Income as per unclassified overdue investment of Murahaha and Bai-Muazzal is charged under comnpensatioll account instead of showing as income of the Bank. Interest received from NOSTRO accounts are not credited to the income as per lslami. 2.4 Cash Flow Statement International Accounting Standard (IAS)-7 " Cash Flow Statement" requires SIBL to prepare cash flow statement under direct method. 1-lowever, Cash Flow Statement has been prepared under a adopted method of direct and indirect in accordance with the BRPD Circular No. 1 5, (09 November 2009) issued by the Banking Regulation and Policy Department of Bangladesh Bank. 2.5 Statement of Changes in Equity The statement of changes in equity reflects information about the increase or decrease in net asSets or wealth. is 2.6 Earning Per Share (IAS-33) Earnings Per Share has been calculated in accordance with international Accounting Standard (IAS)-33: Earnings Per Share (EPS), which has been shown on the face of profit and loss account. This has been calculated by dividing the earnings distributable to the ordinary shareholders by the weighted average number of ordinary shares outstanding during the period. Prior year EPS has been restated as and when required. 2.8 General I 2 3 These financial statements cover six months from 01 January to 30 June 2022. l'hcse financial statements were reviewed by the Audit Committee of the Board of Social Islami Bank limited in its 153rd Meeting held on 27 July 2022 and was subsequently approved by the Board of Directors in its 484th meeting held on the same date. Figures relating to the previous period included in this report have been rearranged, wherever considered necessary. to make them comparable as per respective accounting standard.
13. 3 30 .06.2022 31.12.2021 l'aka Taka Cash in hand: In Local Currency In Foreign Currencies ATM balance 3,136,542.443 2,689.000.07h 28,179,060 536,279,500 36.932.41 689.034.927 3,701,001,003 3,415,594,063 3,701.001.003 3.415,594.063 1,152,185 770.984 3(a) Consolidated balance of cash in hand Social Islami Bank Limited Cash in hand of Suhsidiaiy companies SIBL Securities Limited SIBL Investment Limited 381.201 1,020.793 734.3 285.930 3,702,153,188 3,416,614.856 27,249.113.678 19.784.191.100 3.1 Balance with Bangladesh Bank and its agent bank (Sonali Bank) Balance with Bangladesh Bank (Note-3. 1.1) Balance with Sonali Bank (as agent of BB) 211.552,078 291.456.554 27,460,665,756 20,075,647.654 25.443.076.843 I 7.91 6.790.(t9() 1.806,036.835 27,249,113,678 19,784,191,100 3.1.1 Balance with Bangladesh Bank (including foreign currencies) In local currency In foreign currencies 4 1,867,401,010 Balance with Other Banks and Financial Institutions In Bangladesh Outside Bangladesh 3.882,714.712 7.03(1.43 I .918 3.081.491.413 6,964,206,125 2.540.793.342 9,571.225,290 3,882,714,712 7,030.431.948 926,270,381 819.784.502 1,262,251,073 1.155.890.554 I 06,360.510 4(a) Consolidated balance of other Banks and Financial Institutions In Bangladesh Social Islami Bank Limited Add: ,lccount Balance of subsidiaries of SIBL with SIBL Principal Branch SIBL Securities Limited (Current account and MTDR) SIBL Investment Limited Less: Inter company balance eliminated SIBL Securities Limited (Current account and MTDR) SIBL Investment Limited 106.485.880 4,808,985,093 8.292.683,021 926,270,381 819.784.502 1,262,251,073 1 .155.59(1,554 106,485.880 106.360.510 Add: Account Balance of subsidiaries of SI/iL n'itl, other banks and financial iliStitUtiOliS SIBL Securities Limited SIBL Investment Limited 15.555 - 7,030,447.503 Placement with Banks 2,136.293.194 3.636.293.194 Placement with other Financial Institutions 4,360.000.000 3.710.000.000 371,799,600 2.3 16.45(1.00(1 6,868,092,794 9,662.743,194 I .250,000,000 250,000.000 II .100.000.0(0) 250.000.000 319.300.000 123,000.000 319.300.00)) 123.000.000 15,039,330,000 20,165,050.000 Placement with Banks & other Financial Institutions FC Placement with Banks & other Financial Institutions 6 15,555 1 5.55 5-- 3,882.730,266 Consolidated balance with Other Banks 5 15,555 Investments in shares & securities Cover ii men t: Government Bond (Islamic Investment Bond) BD. Govt. Islamic Refinance Fund 7 Years Treasury BOND (5%) 7 Years Treasury BOND (0%) Investment in BD GOVT. Investment Sukuk bond
14. 30 .06.2022 'Faka 31.12.2021 Faka Others: Investment in Share. Quoted Investment in Share, Unquoted/bond 428.)47.0$ I 8.580.727,:1 8,823,504,207 9,009,674.832 - Fair value adjustment through profit or loss (FVTPL) Value of Investment in Shares and securities, others 630,949.467 8.192.554.740 I 8,823,504,2011T 23,862,834.207 Grand Total (17,190.627) 8,992.484,206] 29.157.534.206 Consolidated investments in shares & securities 8.823,504,207 315,792,145 Social Islami Bank Limited Other sectors Add: Investment in shares & securities by subsidiary companies SII3L Securities Limited SIBL Investment Limited Total consolidated balance of investments in shares & securities others 7 T I 8,992,484.206 231,421.642 241.454.453 74,337,692 9,139,296,352 40. 9,223.905.847 Mode-Wise Investment (General) In Bangladesh M usharaka M urabaha vludaraba Ba i - NI uazza I lure-Purchase Sirkatul Mcelk 210.591,257 247.948.3i1 8,787.057,374 10,023.789.350 9,783,345.114 5,07 1 .054.090 208,102,375,163 204.476.232.728 60,528.283.545 60.548,856.359 Ba i-Sal am 906.393.270 13.511.828,373 569.928,680 Stall Loan 2.109.416.146 2.1 56.635.896 lj arab 404.191.762 412.031.312 Visa Card 912.736.060 854.298.684 308,267,797,724 297,611,586,727 4,290,731,999 3,469.088.561 Quard 16.262,390.982 Mode-Wise Investment (General) Outside Bangladesh iviusharaka Niurabaha Ba- M uazzal Fl ire-Purchase Si rkatul Meelk Installment Investment Scheme Quard . Bai-Salam Others Bills Purchased and discounted Inside Bangladesh In land Bill Purchase Bills Purchased and discounted Outside Bangladesh Foreign Bill Purchased Murabaha Bill of Exchange Baim-Wes bills Grand total of net Bills Purchased and Discounted Total Investment 7(a) Consolidated Investment Less: Intercompany balance eliminated SI BL Securities Ltd. (Quard Investment with SI BL-Princtpal Branch) 96.232,221 790040 1.999.571,162 1,722.350:10 12.057,342,652 14,153,146,035 11,693,145,24)) 18,443,878,034 15,162,233,802 326,711,675,758 312,773,820,529 790,000,000 790.00ft03100 325.921.675,758 31 1.983.82(1,29 9,891.592.48.1 SI BL Investment Ltd.
15. 8 30 .06.2022 laka 31.12.2021 laka 12,330.000 1,799,744.280 987.429.775 792.609.349 184.867,455 5.544.800 576.187.700 569.120 4.359,282,480 12,330.000 1,822.210.090 821.1 5934 710.224.598 194.557.589 7.591.421 679.127.520 596,375 4,247,797.726 4,359,282,480 11,475,709 11.475.709 4,247,797.726 13,559.344 I 3.559.344 4,370,758,189 4,261.357.069 41.678.893 55,937.320 3.42 1.249 4.140.450.262 609.960,703 79.508,019 426,794,770 14,652.786,687 1.537.499,000 249.999,400 106.297.842 I .903.690 325.014.570 542,984.567 4,403.311.147 99,938,439 702.536.619 43.850,685 176,784,938 80,410,368 1.972,603 (136,388,599) 28,146,653,168 41 .842.032 82,526.521 3.433)19 824.507.472 287,840.919 86.605.)) 1S 624.820.743 13,908.264.598 1,537.499.000 249.999.400 70.747.842 1,901,090 325,014.570 254.055.305 551 ,722.60 43.694.699 702.536.6)9 52.926.027 94.477.395 80.385.059 3.164,835 22.211772 19,850,515,608 4.403,311.147 23,743,342,021 551 .722.606 19,298,793.002 23,743,342,021 19,298,793.002 Add: Other assets of subsidiary companies SIBL Securities Limited SIBL Investment Limited 2,752,724,158 2.659.026.320 93,697,838 2,794,188,363 2.666.365.438 127.822.925 Less; Inter Company balance eliminated investment in subsidiaries Investment in SIBL Securities Limited Investment in SIBL Investment Limited 1,787,498,400 1.537.499.000 249,999.400 1,787.498,400 1.537.409.00() 249.999.4(j 108,201,532 106,297.842 1,903±90 72,651.532 70.747.8421 I .903.690j Fixed Assets: Land Building Furniture & Fixture Mechanical Appliance Computer Software Motor Vehicle Right of use Assets (ROU) Books 8(a) Consolidated written down value of fixed assets including intangible assets Social Islami Bank Limited Add: Fixed assets of subsidiary companies SIBL Securities Limited SIBL Investment Limited Carrying value of Fixed assets of the Group 9 Others Assets: Stock of stationery Stamps and printing materials etc. Advance Rent Advance Deposit Branch Adjustments (SIBG) Suspense Account: Other Prepayments Share Trading A/C Receivable from SIBL Securities Ltd. Advance Income Tax Investment in SIBL. Securities Limited Investment in SIBL Investment Limited Receivable from SIBL. Securities Receivable from SIBL Investment Protested bills against Investment Profir receivable from Banks NBFI and BD Govt. Investment with off-shore Banking Unit Due from off-shore Banking Unit Dividend Receivable Account Profit Receivable from Mudaraba Subordinated Bond Profit Receivable from Mudaraba Perpetual Bond . Profit Receivable for SME Stimulous fund Profit Receivable from Beximco Green Sukuk Others (note: 9.1) Total Less: Balance with OBU for elimination Investment with off-shore Banking Unit Grand total after elimination of balance with OBU 9(a) Consolidated other Assets Social Islami Bank Limited Less: Intercompany Transactions eliminated: Receivable from SIBL Securities Limited Receivable from SIBL Investment Limited Grand total Other assets of subsidiary companies 24,600,366,247 1 L 20,232,83 1,433
16. 30 .06.2022 31.12.2021 TL 9.1 Others (4.599.896) 650 Clearing Adjustment D.D. Paid without advice Adjusting A/C debit balance Advance Vat BFETN Adjustment Accounts 10.004.610 3.833.285 3.833.285 (162,213,532) I .082.933 Cards Accrued Income Incentive disbursement Fund (50 5.000,000 20,507,961 (136,388,599) 666.093 7.06.233 22.211.772 10 Deposits and Other Accounts 41,411.370.577 176,1 74,695.652 37,308.160.943 176,250.1 i2.826 87,809,993,82() 27.161.729.562 80,399,200.511 19.970.707.1 75 Mudaraba Scheme Deposits (Notc-9.1) 60,648.264.258 60,428.495.33o Al- Wadeeah Current Deposit (AWCD) and other aacounts 44.293,433.625 42.250.054.675 6,953.160.322 5.064.269.305 Mudaraba Savings Deposits (MSD) Mudaraba Term Deposits (MTDR) Other Mudaraba Deposit Mudaraba Short Notice Deposits (MSND) Bills payable Cash Waqf Fund 10.1 Mudaraba Scheme Deposits Mudaraba Hajj Savings Deposit 401,792.662 382.356.998 357,044,446,658 341,661,064,251 155.973.096 1.012.167.492 Mudaraba Pension Savings Deposit 159.655.562 1.165. 1 10.800 33.494.517 Mudaraba Education Deposit Scheme 32,575,832 Mudaraba Monthly Savings Deposit 55.814,931 55.192.581 1.751.595.150 2.088.726.027 372.314.702 763,485,838 428.521)416 855.1 54.998 14.702.342 15.267.899 562.870.20)) Mudaraba Monthly Profit Deposit Mudaraba Bashasthan Savings Scheme Mudaraba Millionaire Savings Scheme Mudaraba Lakhopoti Deposit Scheme Mudaraba Double Benefit Deposit Scheme 360.092.356 71,414,381 Mudaraba Marriage Savings Scheme Mudaraba Mohorana Savings Scheme Suharnalata Special Scheme (Wemen) Subarna Rekha Special Deposit (\Vemen) Shahuj Shayanna Special Deposit Shahuj Chaya P. Sch Sanchita Special Deposit scheme Sanali Din Pension Deposit Scheme Sukher Thikana Saving Scheme Sacchandey Protidin Monthly Profit Deposit Samriddir Sopan Scheme Deposit Sopner Sin Deposit Scheme 22.143.873 21.954.222 1.247,950.363 290,432.728 21.606.296 1,592.916.2)0 14.522.654.792 21.168.437 972.954.592 I 1.110,359.551 75.241,604 1,407,100 I,) 46.04/ 27,200.471 30.833.263.739 Proshanti (Mudaraba Zakat Saving Deposits 51131. Astha (Mudaraba Monthly Deposit) 5.805.353,356 1,854.448.129 SIBL Super DPS (Mudaraba Pansion Scheme) SIBL Digun Porttasha (Double Benefit Scheme) 8,075,959 44,840,000 Al-Wasiah bill \Vaqf SIBL Education Savings Scheme 23,255.497 489.573.0i4 279.694.378 250.323.685 13.109,777.529 75,587,586 1,260.221.696 Sharner Shikhar (Mudaraba Billinior Deposit) 70.623.288 21.438,963 20.670,010 I .269.931.77 27,24 0,69 28,998.1 29.447 4,499,511 4/4 1,927.222.165 7.037.511 100,162.000 SIBL Medical Savings Scheme 1 7.411 .000 SII3L Marriage Savings Scheme 60,648,264,258 - n/i 60,428,493.336
17. 30 .06.2022 I 10.2 Al-Wadeeah Current Deposit & other A/c Al Wadeeah current deposit Un-claimed dividend Sundry deposit Social fund deposit Supervision charge Risk fund deposit FC deposit Convertible Taka A/c F. C. held against B.B. L/C Bangladesh Bank Fund for COVID Profit payable A/c Compensation Realized 10(a) Consolidated balance of AI-Wadeeah Current Deposit & Other A/c Social lslanii Bank Limited Less: Intercompany balance eli,,, mated SIBL Securities Limited SIBL Investment Limited S Consolidated balance of Current deposit and other accounts 31.1 2.2021 I iIi 14.957.348.426 74,508.576 11.244.791,555 17.075 847.161,00 13.545.413 9,527.516.061 87,214,847 3,861,846.169 1.783.624.332 2.716,544.497 25.629,516 44,293,433,625 12.102.949.90 79.312.047 8.162.678.626 17.075 847.161 2,920.92 I 11,41 5.547.205 188,928.019 4.400,834.559 3.937,061.938 1.941.229.633 (8.627.587 42,250.954.675 44,293,433,625 926,270,381 819.784.502 106.485.880 42,250,954.675 1,262,251.073 1,1 55.890.554 106.360.519 43,367,163,244 40,988,703,603 II SIBL Mudaraba Subordinated Bond SIBL issued three Mudaraba subordinated bonds namely SIBL 1st Mudaraba Subordinated Bond of Tk. 300 crore. SI 131 2nd Mudaraba Subordinated Bond of 1k. 400 crore and SIBL 3rd Mudaraba Subordinated Bond of Taka-500.00 crore to support and strengthen Tier-Il capital base of the bank under Basel-Ill capital regulation of Bangladesh Bank. The details of SII31 \ludaraha Subordinated Bonds are presented Below: Outstanding as on Outstanding as on Issued Amount Issue Date 31.12.2021 30.06.2022 Name of the Bond 3,000,000.000 3/31/2015 SIBL 1st Mudaraba Subordinated Bond 1.600.000.000 4,000.000,000 800,000.000 6/20/2016 SIBL 2nd Mudaraba Subordinated Bond 4.000.000.000 5,000,000,000 4,000,000.000 12/27/2018 SIBL 3rd Mudaraba Subordinated Bond 5,600.000.000 12,000,000,000 4,800,000,000 Total 12 SIBL Mudaraba Perpetual Bond of'I'k.SOO Crore Social Islami Bank Limited issued 'SIBI. Mudaraba Perpetual Bond ofTk. 500 Crore in accordance with the regulatory appro at twin Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Bank (l3B) vide their letter ret' no. I3SL( ('I l)S07/2014/272 & BRPD(Bl"IS)661/14B(P)!2020-8946. Dated: 25 November 2020 & 22 October 2020 respectively. The bond is t'itIl subscribed on 13/10/2021 by the following investors: 1.500.00(.1)(1) 1.500.000,000 Islami Bank Bangladesh Limited 1.500.000.000 1.500.000.000 Exim Bank Limited 500.000,000 500,000,000 AIBL Employees' Provident Fund 500.000.00(1 500.000.000 AIBL Employees' Gratuity Fund .000,000,000 1,000,000.000 1 Al-Arafah Islarni Bank Limited 5,000,000,000 5,000,000,000 13 Other Liabilities Adjusting A/C (Cr.) Balance Other Payable BEFTN Adjustment Account Parking Account ATM Settlement for Q-Cash Provision for Investments Provision for other Assets Compensation and Rent Suspense Provision for Taxation Zakat Fund Lease liabilities as per IFRS-16 Mudaraba profit distribution Provision for good borrower Provision for Climate Risk Fund Provision for Start-Up Fund 10.766.797 5.562.450 30.527.259 50.564 39.845.428 13.902.667,760 425,027,557 3.813,903.169 18.287,360,446 61,317.449 526,215.393 I 0,000.000 20.000.000 38.509,378 37,171,753,649 (4.015.512 9,330.154 20.30(5(18 3.182.591 6,908.947 13,564.155.465 425,027.557 3,762.471.567 17,618.044.129 ((3.365.052 615.828.689 24.500.000 10.000.000 20,000.()00 32.100.411 36,239,237,582
18. 30 .06.2022 I aka 31.12.2021 I akai 13(a) Consolodated Other Liabilities Social Islanii Bank Limited Add: Other Liabilities of subsidiaries SIBL Securities Limited SIRL Investment Limited 36.239.237.582 37,171,753,649 2,282,548.705 1,913,795,176 2.279.026.4 1.910.201 .163 3.522.286j 3.594.013 39,085,548,826 - 38,521,786,286 Less: Intercompany balance eliminated S!BL Securities Limited (Payable to SIBL- Term loan) Grand Total 790,000.000 38,295,548,826 790,000.000 37,731.786.286 I 7.618,044,128 36.790,469 632.525,847 18,287,360,446 1 6,37(L9 I 68.0 I 9.03 I 1,1 9. I 1)6673 17,618.044,128 - 13.1 Provision for Taxation Provision for Current tax Balance at the beginning of the year Add: Provision made during the year (Zakat Fund) Add: Provision made during the year (Note: 13.1.1) 1.1 Provision made during the year I .623.043.493 Operating Profit before pro'ision & tax Add: Inadmissible expense 200,604.317 Less: Inadmissible expense and for separate consideration 151.813.429 1,671,834,380 Total Taxable Income Total Tax liability for current year Business Tax ( 37.500/,, for half year 2022 and 037.50% for year 2021 Dividend Tax iz 20% Tax on gain on shares & securities (ci. 10% Provision required Provision made 4.56.233.4l 4 4.0I)6.856 2.1)1 7.1() ). 13 2,943,140.143 626.937.893 3,537.678 2,050.277 632,525,847 1.103.677.554 57.007.236 I 8.42 LL 1,179,106.673 632,525,847 1.179,106,673 Reconciliation of effective tax rate of the Bank Particulars Profit before income tax as per protit and loss account Income tax as per applicable tax rate . Factors affecting the tax charge for current year: Inadmissible Abmissible Expenses in the current year (i.e.write-off etc.) Tax savings from reduced tax rates for dividend Tax loss/(savings) from reduced tax rates for capital gain Total income Tax Expenses F;rkctive Ratc 37.500 4.63% -2.63% -0.19% -0.35% 38.97% 1.623.043.493 608.641.310 4.526.233.11 1.697.337.5 75.226.619 (42,608.351) (3,095.468) (5,638.263) 632,525,847 I 62.72.5 'I (580.44! .9) ) (49.881.331 (50.660.15i1 1,179,106,673 465,429.994 5.739.582 471,169,576 .138.206.855 35.55.5 10 8.33.8.371 465,429.994 471,169,576 465,429.994 14 Deferred Tax Liability/(Asse() Balance at the beginning of the year Add: Provision made durino the yeai Less: Transferred to Retained earnings Closing balance at the end of the year Consolidated Deferred Tax Liability/(Asset) Social Islami Bank Limited SIBI, Securities Limited Balance at the beginning of the year Add: Provision made during the year Closing balance at the end ot'the year Grand total .\ tsL , ( 81 111.731 51 8.81 8 630,549 111.731 471,800,125 465,541.725
19. 30 .06.2022 30.06.202 I Ta ha la ha 15 Income from Investment Profit on Murabaha Profit on Bai-Muazzal Profit on I-lire-Purchase Profit on Musharka Profit on Bai-Salam 113.796,596 6.702,493,884 41.637.409 8,076.423.208 1.996,088.079 2.146.288.134 8.361.589 7.708.018 30.092.198 Profit on Quard against MTDR Scheme and others 372.488.470 35,005.681 330,1 58.644 Profit on Inland Document Bill Purchased 175.858,748 126.340.542 1.396.178 878.159 22.779614 Profit on Foreitzn Document Bill Purchased Profit on ljarah Profit on Investment against Mudaraba Deposit with other banks and NBFIs Profit on other investments (Card Wakalat fee etc.) Profit on Mudaraba 16.944.165 288.696.934 649.178.066 64,445,368 191.534.835 551 .635.985 10,419,840,274 11,530.390,229 10,419,840,274 11,530.390.229 78,162,259 78.1 62.259 52,851.284 52.85 1.284 10,498,002,533 11.583,241.513 445.201.692 403.443.956 258,278.306 242.715.167 4,993.291.459 15(a) Consolidated income from investment Social Islarni Bank Ltd. Add: hicotizefroiti in t'est,,ienl of subsidiaries of.SIBL SIBL Securities Ltd. S SIBL Investment Ltd. Grand total of consolidated investment income 16 Profit paid on Deposits Mudaraba Savings Deposits (MSD) Mudaraba short notice deposit (MSND) Mudaraba term deposit (MTDR) Cash waqf fund deposit Profit paid on Scheme Deposits & others 5.070.481,136 8.660,728 8.243.252 1,819,513,017 I .940.264.602 7,587.958.435 7,602,134,879 Profit paid on borrowings Profit paid on Sub-ordinate Bond Total profit paid on deposits , borrowings & Others 34.835.695 70,489,789 212,602,736 291.797,804 7.885,227,405 7,914,591,934 7,885,227,405 35,761,101 35,761.101 7,914.591,934 16(a) Consolidated Profit paid on deposits, borrowings and Others Social Islami Bank Ltd. Add: Income front investment of subs:dwr,es of SIBL SIBI. Securities Ltd. SIBL Investment Ltd. F `( - -1 7,920,988,506 7,950,896.934 Income from Investment in shares & securities Income from Investment in islamic bond Income from Investment in shares 257.037.990 20,502.773 145X29,121 Income from Mudaraba Subordinate Bond Income from Mudaraba Perpetual Bond 79.728.319 184.967,211 Income from Beximco Green Susuk 45.787.768 17.075.549 605,099,609 13.418.5)8 348.925,974 605,099.609 348.925.974 6,598,905 16,924,202 I 2.33 3l 0 4.590.893 365,850.176 Grand total of consolidated Profit paid on deposits and borrowings 17 36.305.000 Dividend income 98.086051 89.819.681 1.972.61)3 17(a) Consolidated Income from Investment in shares & securities Social Islami Bank Ltd. Add: In coin e Trout investment of subsidiaries of SIBL SIBL Securities Ltd. SIBL Investment Ltd. Grand total of consolidated Income from investment in shares & securities 6.267.357 331.54$ 611,698,514 18 Commission Exchange & Brokerage Commission Exchange Income 392.603.940 1.035.307.275 1,427,911,215 337,577.1 380.828.505 718,405,682
20. 30 .06.2021 Taka 30.06.2022 Taka 18(a) Consolidated income from commission exchange & brokerage Social Islami Bank Ltd. Add; Income from commission exchange & brokerage of subsidiaries of SIBI. SIBL Securities Ltd. SIBL Investment Ltd. Grand total of consolidated Income from commission exchange & brokerage 718.405.682 59.648.823 77.975.728 - 19 Other Operating Income P & T charge recovered Courier Charges Recovery & Others Services & charges SWIFT! Return charge recovered Rent receipts Income from sale of forms Service charge on SIBL Cards Notice pay earnings Miscellaneous income 19(a) Consolidated Other operating income Social Islami Bank Ltd. Add; Other operating income of subsidiaries of SIBL SIBL Securities Ltd. SIBL Investment Ltd. Grand total of consolidated Other operating income - 1,487,560,039 796,381.410 664.261 3.970.366 201.845.055 26.875.577 1 .806.650 103.365 74.462.662 3.655.020 101.456,333 414,839,289 1.371.772 3.674.028 I 73.633910 I 5.5458] 3 I .589.275 94.600 58.2535] 5 2.48.55)) 67.280.277 323,933,040 414,839,289 _____ 246.193 323.933,040 - 20 Salary & Allowances Basic Salary Allowance Bonus LIE Salary & Allowances Banks Contribution to Provident fund SIBL Emp. Superannuation Fund Bank J - 1 967 .404 415,085.482 324.900.444 846.728.713 876.584.682 126,065.940 16,997.463 75.61 8.907 7.580.062 1,949,575,766 725.742.5Th 727.005.084 165.43 2.670 I 8.472.913 68.857.764 6.880,893 1,712,391.860 - 20.1 Managing Director's Salary and Allowances Basic Salary Allowance Festival & other bonus 3.900.000 3.5 I 6.66$ 1,530,000 8,946,668 -- • 20(a) Consolidated expenses for Salary and Allowance Social Islami Bank Ltd. Add; Salary and Allowance of subsidiaries of SIBL SIBL Securities Ltd. SIBL Investment Ltd. Grand total of consolidated expenses Salary & Allowance 1,949,575.766 1.278 1,970,854,535 21 Rent Taxes Insurance & Electricity etc. Rent Rates & Taxes Insurance Electricity Lighting & Water 21.1 Rent, Rates & Taxes Rent. Rates & Taxes L.ess: rent expenses under IFRS- 16 21(a) Consolidated expenses for Rent Taxes Insurance & Electricity II Lo Social Islami Bank Ltd. Il 18e Add; Rent Taxes Insurance & Electricity of subsidiaries of SIBL toIce SIBLSecurities Ltd. SIBL. Investment Ltd. Grand total of consolidated expenses for Rent Taxex Insurance & Electricity etc. 1.427.911,215 \ H 4.2001,0000 I .800.000 1,590,000 7.590,000 1.712.391.860 F 16355.5 I 9 1,728,747.379 102.513.373 100.689.900 51.754.364 254.957,637 9$.647,4n5 91.451 .907 44.938.742 235,038.114 21 6.080,358 13.566.985 102,513,373 101 .979.771 98,647.-4b5 254.957,637 235,038.114 ---ii 254,957,637 3.i08.77] 238,1-16.881
21. 30 .06.2021 Taka 30.06.2022 Taka 22 Legal Expenses Charge Legal Fees & 2.026.778 24.269 Stamp Duties other Legal Expenses Other Legal Expenses 22(a) Consolidated Legal expenses Social Islami Bank Ltd. Add; Legal expenses of subsidiaries of SIBL 23 1.829,822 1.501.831 3,880,869 3.522.440 3,880,869 3.522.440 - SIBL Securities Ltd. SIBL Investment Ltd. Grand total of consolidated Legal expenses 1,993.144 27.465 3,880,869 3.522,440 Postage Stamps Telecommunication etc. 113.202 897.813 Cable Network rent Telephone charges Mobile phone charges I .026.77 I 3,058,038 2.1 64.880 3.527.732 3,058,038 3.527.732 784.960 948.946 2,047.023 & l'elecommunication stc. 23(a) Consolidated Postage Stamps Social Islami Bank Ltd. Telecom. of subsidiaries of SIBL Add; Poatage Stamps & SIBL Securities Ltd. SIBL Investment Ltd. Grand total of Consolidated Postage Stamps 24 & Telecommunication ste. 3,842,998 4.476.678 9.438.121 23,648.980 4,734.137 19.067.000 314.655 7.081 .738 64,284,632 5400.21 7 25.1 30.0/2 7.047.708 14.087.50)) 465.050 5.006.2(13 58,126.840 64,284,632 62,873 62.873 58.126.840 151,552 151.552 64,347,505 58,278,392 22,465.810 47.638.230 78.851.995 9.484,924 2.081,694 102,940,120 81.664 23,161.6(8 4063 2 097 74.41 9.502 9.837.552 5.145.870 80.463.403 511.46-1 263,544,437 242.7 14.537 78.760 8.679.868 2.493,498 8.823,204 1.260 26,245,698 46,322,288 2.1 10.609.424 I .660.114 13.333,851 34.612.684 60,218,172 309,866.725 302.932.709 Stationery, Printing, Advertisements etc. Table Stationery Others Printing Stationery News Paper Magazine Television Radio Neon Sign. Banner etc. Other Publicity . & & & 24.(a) Consolidated expense of Stationery, Printing, Advertisement etc. Social lslarni Bank Ltd. Stationery, Printing, Advertisement expense of Subsidiaries of SIBL SIBL Securities Limited. SIBL Investment Limited. Grand total of Consolidated expense of Stationery, Printing, Advertisement etc. . 25 Depreciation and Repair of Bank's Assets a) Depreciation of Bank's Assets Land Building Furniture & Fixtures Office Appliance & Equipment Computer Software Vehicles Right of use Assets (R0U) Books b) Repair on Bank's Assets Building Motor Car/ Vehicle Furniture Fixture Mechanical Appliances 1-lardware Maintenance fee IT Enable Service Charges Total of Depreciation and repair of Rank's Assets -
22. 30 .06.2021 laka 30.06.2022 Thka 25(a) Consolidated balance of Depreciation , Reapairs & Maintenance Social Islarni Bank Ltd. Add: Depreciation on assets of suhsidiarie.s SIBL Securities Ltd. SIBL Investment Ltd. P 309,866,725 302,932.709 2,887,189 685.086 2.S87.i (85.O16 496.842 49842j 527,308 527.308 Add: Repairs & Maintenance on assets of subsidiaries SIBL Securities Ltd. SIBL Investment Ltd. Grand Total Consolidated balance of Depreciation , Reapairs & Maintenance 26 Other Expenses Local conveyance Petroleum, oil & lubricants Entertainment CXPCflSCS Traveling allowances 313,281,221 304,114,637 9.050.729 8.883.205 6,040.3( 7,598.426 17.291.23: 23.496.880 4,074,316 2.827.238 1,400.600 5.720.346 13.084.373 3.973,404 Bank charges U ni form charges Subscriptions to Institutions & Others Banks' clearing house charges ('lB Charges Transportation charges News paper, Journal & periodicals Washing charges Training expenses Academy! Internal 2.373.760 14.139.371 47 456,690 4.37)) 535,258 3.168.856 56.474 488.101 500 325.59)) (365.703) 2,949.047 749.00)) 8,046.888 111.934.721 4.1 37.467 II 8.300644 I 80.633 1t815 2.997.830 701.500 I 7.05.'Y 2,978.596 2.727.046 83.455 609.424 5.000 406.600 Training expenses at outside Banks Direct expenses on investment Up keep of branches/office premises Excise duty Computer charges Security Services (256.711) 3.510.290 1.293.000 6.241.599 126.658,989 3.947.215 Cleaner Services 135.072,683 332,041 111.719 3,581.527 2.933,100 Others wages Photocopy expenses Photography expenses Cash & Bank remittance charges 1-lonorarium On-Line Expenses ATM Rent Ilardware Professional & Rating Fees Other Utility 20.932.903 4,512,911 3.667.482 38,588.216 I 23,539,215 2.292.500 Bond issue related Expense Donation to Government Donation to Others CSR Ralated Expenditure Gratuity expense Finance cost on lease liabilities as per IFRS-16 Miscellaneous expenses - 20,038.1 )01) 71.731) 28,892.308 66,042.571 22.543.848 66.195,5 IS 50,071,000 157.627 24.453.952 77.052313 23,953.688 72,205.975 665,555,062 579,609.636 579,609.636 665,555,062 8.859,448 8.858,183 Social Islami Bank Limited 26(a) Consolidated Other Expenses SIBL Securities Ltd. SI BE Investment Ltd. Grant total other expenses 11,460.1 26 II .356.361 03.765 591.069.762 .265 674,414,509 27 Provision against Investment, Off-Balance Sheet items & Others Provision on classified investment 147,660.905 Provision on unclassi tied investment Provision on Off-Balance Sheet items 138,797.701 1 08.933.820 58.022,765 344,481,371 ~, K (798.589) ___ 773,543.066
23. 30 .06.2022 30.06.2021 Taka i•aka 27(a) Consolidated Provision against Investment, Off-Balance Sheet items & Others Social Islami Bank Ltd. Add:Provision for subsidiaries SIBL Securities Ltd. SIBL Investment Ltd. 344.481,371 773,543.066 28,403,615 28,403.6 IS 40.684,103 372,884,986 814,227,169 632.525.847 5,739.582 638,265,429 (79.2(1595 638,265,429 11,639,479 1l,639.479 684,502.636 13.049,762 I 3.n4*(J 28 Provision for Income Tax Current year provision (Note: Deferred Tax expense/(income) (Note: 684.502.636 28(a) Consolidated Provision for Income Tax Social Islami Bank Limited SlEW Securities Limited ('urrent year provision Deferred Tax expense/(income) L__ F 1.342,688 698,895.086 60.227 649,965,135 SII3L Investment Limited 28.1 Current Year Tax Provision Provision on tax has been calculated based on Income Tax Ordinance.1 984 asainended upto 2022 by the Finance Act, considering the allowances and disallowances. 28.2 Deferred Tax Expenses/(l ncome) Defferred tax expense/(income) for liability'( sset) has been calculated as per Bangladesh Accountin Standard 12. 29 Income from Investment 11.530.391).229 10,419.840.274 (30.557.520) Investment profit receipt Recoveries of written off investment (2.016,162) 528. I ((.265 254.088.308 Add: Opening profit receivable Less: (losing profit receivable (542.984.567) 10.100,386,495 (637.547,713) 11,419,636,619 10,100,386,495 11.419.636.619 29(a) Consolidated income from investment Social Islami Bank Ltd. /1(1(1: Income J'rom investment ofsibsidiaries 51I3L Securities Ltd. of .SJBL 52,851,284 78,162,259 78.l62.29 1 1 .241 SII31. Investment Ltd. 30 11,472,487,903 10,178,548,755 (;rand total of consolidated investment income Paid up Capital (984.908,844 and 984,908.844 ordinary shares respectively with a face 30.06.2022 31.12.2021 I uL',. I ,iI, 9.849.088.440 9.849.088.400 7.860.977.399 7.605.264.974 557,024.130 916,640,292 557024.1 3(1 1.226.046.292 19,183,730,260 19,237,423.835 value of Taka- 10 each issued on various dates) Statutory Reserve Revaluation reserve on Fixed .'\ssets Retai ned Earnings The following notes are particularly in compliance with BSEC notification No. 13SEC/C1RRCD/2006-158/208/Adiniii/8 I. Dated: 20 June 2018. 31 Earnings per share (EPS) (BAS-33, note-2. 12) l'rofit after tax for the period (Consolidated) 01 ' Apr-Juiic' 2022 I'a La Apr-Juiie' 2021 Jan-June' 2022 Ta La Jan-June' 2021 674.55 1,155 577.908,973 439.179,174 98.105.483 233.92 ..1 29.X43.() 13 204,079205 'l'a La Less Coupon/ dividend on perpetual bond Net profit distributable to ordinary shareholders 195.132,881 60,367.397 479,418,274 517,541,576 341,073,691 Profit after tax for the period (Bank) 'ss C'oupon/ dividend on perpetual bond profit distributable to ordinary shareholders 640.296.693 195,132.881 445,163,812 554.009.99 60,367.397 493,642,601 427.261.433 98.105.483 329,155,950 ghted Average number of shares outstanding 984.908,844 984,908,844 984,908,844 la La - 29.42.OI3 202,448,459 984.908.844
24. Jan-June ' 2022 Taka EPS Calculation= Basic Earning per Share (EPS)-Consolidalcd Basic Earning per Share (EPS)-Bank Jan-June' 2021 I'aka Apr-June' 2022 Taka Apr-June' 2021 Taka Profit after lax for the period Weighted Average number of shares outstanding 0.49 0.53 0.35 0.21 0.45 0.50 0.33 0.21 Jan-June' 2022 lan-December' 2021 Taka Taka 32 Net Asset Value per share (NAVPS) Net Asset Value-Consolidated Net Asset Value-Bank Weighted Average number of shares outstanding Net Asset Value per share cakulation= Net Asset Value per share (NAVPS)-Consolidatcd Net Asset Value per share (NAVPS)-Bank 1 9.381 .032,771 19,183,730,260 19,397.068.299 19,237,423.835 984,908,844 984,908,844 Net Asset Value Weighted Average number of shares outstanding 19.68 19.48 19.69 19.53 Jan-June' 2022 Taka Jan-June' 2021 Taka 3,882.3 10,039 3.881,375,092 4,995,1 77.021 5,235.747,788 984,908,844 984,908,844 33 Net Operating Cash Flow per Share (NOCFPS) Net Operating Cash Flow-Consolidated Net Operating Cash Flow-Bank Weighted Average number of shares outstanding NOCFPS calculation= Net Operating Cash Flow per Share-Consolidated Net Operating Cash Flow per Share-Bank is Net Operating Cash Flow Weighted Average number of shares outstanding 3.94 3.94 5.07 5.32 Net Operating Cash Flow per share decreased mainly due to higher cash outflow in respect of deposit & investment cmparc to previuos second quarter 2021 34 Reconciliation of Net Profit after Taxation & Operating Profit before changes in operating assets & liabilities Cash flows from operating activities Net Profit after Taxation (lncrease)/Dccrease Profit Receivable (lncrcasc)/Decrcase Profit Payable on Deposit Effects of exchange rate changes on cash & cash equ Provision for Tax Provision for lnvstment, Share & Contingent Liabilit Depreciation & Amortization of Fixed Assets Income tax paid Operating l'rolit before changes in operating assets & I ma l)IlItICS 640.296.693 (288,896.259) 1,070,710,077 (249.996.877) 638,265,429 344,48 1.371 263.544,437 (744,522,089) 554.009.998 (108.73 7.448) 1,023.115.688 (28.779,329) 684.502.636 773,543.066 242,714.537 (686,538,541) 1,673,882,782 2,453,830,608 Fq0 r 'flc0 J