Export Import Bank of Bangladesh Limited: Financial Statements - 30 June 2017

Transcription

1. Export Import Bank of Bangladesh Lirnited Shariah Based Islami Bank Half Yearly Financial as at 30 Statements pn-audited ) June 2017
2. EXPORT IMPORT BANK OF BANGI .ADESH LIMITED Consolidated Balance Sheer (Un-audited) as 3t 30 June 2017 l--- lfr"r'r--ll- Cash In hand (includiog forcisn currcncy) Erlance wnh Bangladesh llank enrt rts Agent Bads (including p*.-fi016 Taka PROPERTY & ASSETS Taka I IT*rlErTffil 34,008,5?6,866 32,494,478,898 B.l.ncc with oth€r b.nk! .rd fiIr.ocial iBtitutiotrs In Bangladesh ()urs'dc Bangladesh [ll,'j-^-fl[--]-_jj-ll;tr 3,985,415,93 2,964,257,696 500,000,000 500,000,000 Pl.ccsent widl bank! & othcr fin.rcial iastitutioos Inv.ltmcrts ir sh.Ei .nd sccu.itic8 [-.:j-km#]l--,--"m::-m 20,t07 ,939,163 (;cncral in\'estmenls etc. Ilills pu.chased and discounted Fix€d esr€t! 16,473,51.1,919 t--*T*I["j:i-I*m 223,i96,924,987 234,457 ,036,643 5,613,045,?36 i.cludiry ptmilc! 5,671,538,024 9,633,203,809 t2,217 ,998,896 O&er arscrs Non-b.nking .s!cB Tot l 2s!cr! ____-11!,!99JlL!18 _____41133f12333 LIABILITIES & CAPITAI Li.biliti.3 Placcm€rt from bank! & olhcr Rnllcial ifttitutions 343,449,162 Deporits lnd othci accounu l\lu<lamba savings deposits N{udlrlba term deposus ()rh(r luuda.aba Deposi(s .U \idccah.unent a.d orhcr dcposir accourts Bills pavable t-r.x-,r'rl;Jr{rJr-r.,li,r1l tr,,,,u,,.tyn.z,u I I I I tr.+,t.r,,+.y9 u,r::.,,+r.rzo r. rq:.:lo.ror I l(.612,U29.156 ll0,r)34,893,74.1 | (,r,332,25.1,758 I tl),413,009,986 I I 24822l,61j,372 261,518,735,489 Mudrrrb. Subordina.cd Bond 6,500,000,000 Othcr Liabilities r5,434,r80,42r 2,500,000,000 8,942,549,845 ----n4@jdfl u3J%,jEW Totrl li.biliti.s Crpit Ush..EholdcE' cquity f 14,l2Z5l 0,680 I I I I 4,n23,211,U9 2,1$.546.666 (8,s06,010) li)reign cuffency rrn'slauon adiustmcDt EXIM Benk Sha.eholdcn' Equity 21 Tol.l ih.icholder6' equity Tol.l lizbiliti€s ard sha.Eholdcri' cquity 27,093,688,766 ,093,593,649 I4J,r,s ror8o-l ;.uo.rro.rr z.rs:,oaa,oro ,467,658254 ,) ,(ll/ X/,1 26,467,149,116 ___t!!.!l!!!t !18 ____2r]]lu4r OffbaLocc shcct itlDs (;(,ndngcni L,biliocs: .\cc(|tince and cndo.semtnN l.rrcrs ot guaraniee Irrclocablc letiers of c.cd;t Itilh for collecrion ()ther conringenr liabilities t I | I Tot l conting€Dt li&ilri.s t."r' .,,r&u 4 :..,su.rnt,.crn ',:.r,,:.rsr,.s:r s,or*,,rr,,,:v l I I I 79,811100,291 70,600,458,423 ()thtr commitm€nrs Total ollb.lztrcc rheet it m! _____J2]1q 00 zet ______z9Mcrq,123_ aManiging Direct<ii& CEO Dirccror I z.rru,s*,r,oc I lrr,tsr,otoyl I
3. EXPORT IMPORT BANK OF BANGI .A.DESH LIMITED Consotidated Profit and Loss Account (Un-audited) for the period ended 30 Junc 2017 f J"*J-',fi] I- - J"*J";rolo-.-l Taka Taka Particulare I Ap.- J"" lrjl tAp.- J"",0l7l Taka Taka f io-nr-:6l.0rsIo=lT----ro.rr3.fs.f '31.s:8oirilrdl-J -l-,j-l3'j7 I I C.4r,o,ro-.ssotll C.ssr.s-r.zs1ll (3,-01.11e.6es)ll (1.696.411.211)l Invcstment incomc Profit paid on dcposits, borrowing., etc- Net inv$turcnt incomc 3,294,518,051 Income from investmcflt in rhares/securities 293,839,1U 3,X9r397,056 2,100,816,415 Commissioo, cxchangc and brokerage (iain on salc ofinvcstmcnr in sharcs Other operanng income I,116,199,E82 Total operating incomc (A) 5,098,471,88'7 4,722,173,053 3,212,511,731 33,123,812 360,790,898 1,a97?9a,996 186,881,733 276,734,478 827,971,931 596,518,117 4,725,916 4,396,289 333,190,357 234,108,432 170,031,934 398,933,127 2,271,112 224,494,223 2,693,029,992 Operating expenece Salarics and albwanccs Rent, taxes, rnsurrncc, elcclriciry crc. I ,321 ,811 I.cgal expcnses Postagc, stamp, tclegram, tclephone etc. Starioncry, printing, advcrtiscrncnt, ctc. Ilanagrng Dtrcck)r's rcmunerarion l\lanaging l)irector's fecs l)irectors' fccs and cxpenscs Shariah Supcnisory Q:mrruttec's Iiees & Ilxpenses Charges on Invcstmcnt Insses Dcprcciation on and rcpairs to Bank's properry ,812 302,913,901 272,869,423 160,676,251 3,U)2,211 4,910,214 1,110,344 3,4',72,988 40,621,121 90,218 82,505,091 8,726,000 40,126,868 52,511 100,532,722 7,564,000 18,064,435 36,913 29,82'7,473 3,863,000 19,481,710 52,511 41,196,388 3,002,000 1,280,421 243,260 1,128,232 291,200 649,998 159,560 663,619 169,210 117,632,538 121,059,016 59,169,911 162,294,885 60,855,245 8'7,478,402 Zakat expenses 311.119 C)ther cxpcnscs Total operating expenses (B) Pro6t before provisiom (C=A-B) Proflsron for inlcstmcnts and Off Balarce Sheet l,tovisnm for diminution in value olshares Total Provision (D) Profit bcforc taxee (C-D) Provieion for taxetron: 595,886,975 l)cfcrtcd tax 595,886,975 Profit after iax 250,686,89? 646,916,194 1,379,241,767 560,141,18r 2,3r''1,900,131 2,009,414,162 2,377,900,134 2,409,44A,162 i!2,q$J2!_ ______&5$56ff_ __-1J!ll!4pq!- ___2ff9rqu11_ 624,135,6s6 Rctaincd carnings brought forward Profit available for app.op.iation Appropriatione: 21 Starutory reserve Issue of bonus sharcs 176,W,271 Retained eamings c.rried fo.ward l-xpon Imp<xt Bank of Bangladesh l-irnited Minority Intcrcst 2,825,829,319 247,624,196 2.408,732,160 3.580,335.630 2,365,923,729 *Til:l t-=--Ill t t-r'Elx] 2,825,829,519 f.,---"lxN Coasolidated Eaminge per o.dinary share 0.44 2,408,732,160 3,580,335,630 0.46 0.98 2,365,923,729 0.40 h,'@l -Zd+ Managing Director & CEO il:WDirector 2
4. EXPORT IMPORT BANK OF BANGLADESH LIMITED Consolidated Cash Flow Statement (Un-audited) for the petiod ended 30 June 2017 t Prrdculer8 A) Caeh flowr from opcr.titrg .ctiviticE lnvcstmcnt income receipts I,ro6t paid on deposits, borrowing., etc. I)ivldcnd rcccipt\ --l Taka 10,827,081,156 (6,ss2,143,43s) 148,257,657 1,116,199,882 (1,455,786,638) Iiccs rfld c()mmission receipts (lash paymont to employees (;ash paymcnt t() supplicrs Inc()mc tax paymcnts Rcccipts from othcr opcrating activities I)almrnts frrr orher opcraorg ac!lrues Casb llows before cbatges in opetatiag J,,". ,01? (11 ,521 ,47 3) (1 ,422,553,231) 393,180,417 197 atxtt atd lilbili l- Taka T1i6-.rlftA'iill I | I rc,crr,ras.:rz;l :ao.ser.clo I an.nt.sy I || "'i:::I:i;ill | | 2,296,516,437 ies J;". ,me--l 1r,s:a,rzo,o+z1l ::z,ao+.arr ( r I .oz+. z++,or,r; I t,221,972,955 (:hangcs m op(raung asscts and llrab ities: (lncrcase)/dccrease in operating a-sscts/liabilities Statutory d.posit 'l rading sccurit_r - shares Invcstmcflts k) othcr banks lnvcstmcnts to customcrs ()thcr (1 ,1 51 ,252,402) (1 1 ,093,832,208) (1,962,890,987) assots 11,630,310,789 l)cposits from other banks l)eposits from customers Liabilitics on accouot of customers 'liading liabilities @onou,ing) '7 50,456,907 343.409,162 189 Othor liabilities (1,893,997,05s) Net cdsb B) 402,319,382 fiom operutitg actilrities Ca6h flowB f.om ilvcstrng actiyitiee: Rcccipts from salc of secLrrities BCIIB I)avment for purchasc of securiues l)urchasc of 6xcd asscts 0 Salr procccds of 6xed assets l'urchasc of Subsrdunes 1,053,451 (1,868,46r,170) from iaoesting actinities C) Caeh flow: ftom lilancirg actir.ities Net casb of Debt Instrumcnts l)ayment frx rcdemptroo ofDebt Instruments Reccipts from issue of ordinary shre (rights share) Dividcnd paid in cash Nlinoriry invcstment in subsidiaries | I ,,or.r,r.noo,l r.ur,rrs I 1,446,954,171 4,000,000,000 Rcccipts fr()m issue Net casb ftom 0,000,000) (59,514,621) ,81 (8,043,306,987) (6,821,114,032) tl tl 4,000,000,000 fitarcitg actiirities D) Ner incrc.se/(decre.6e) in cash .nd c.sh equivalcnts (A+B+C) E) Effect ofExch.oge ra!. ch.rges on cash rtrd cash equiv.leote F) C.sh .nd c.6h equivalents at beginniag ofthe ycar G) Cash and cash cquivalerts at end of the pcriod (D+E+D nsfi?Es6ril 1,203,991 35 ___3U:lf2?,!99_ |I ,.,r,.r, 4t,177.750.741 I | __MglJlztgr- H) C.sh end c.sh equivaleot6 (lash ttalancc 14,008,576,866 .t1 *rrh othcr banks and 6naroal in*titutions Ti-JJ4srploI I s,uo.zar.lzr 3?,993,992,800 4 aging Director & CFO Managing Director & CEO t/*w" Director 3 I
5. EXPORT IMPORT BANK OF BANGI .ADESH LIMITED Consolidated Statement of Changes in Equity (Un-audited) for rhe period cnded 30June 201? Gcn.r.l/Oth.. Paid up capital Taka Balancc at 1 ldnuary 2017 Changes in rccounting Taka I4.I22.510.68() 1.U4{,.41r.77u t4,122,570,680 7,1144,410,778 Teke Retained Tak Takz (t2,775,(xx) (r 3,701,552) (t56,91,1) 2.U1J2.0,1'1,616 62,n5,000 (t3,7Ot,Ssz\ 056,934) 2,382,048,616 Taka Total Takz Taka ,447,749,16 g,licirs R€Btet€d Balancc 2,067,771,666 90,862 24,467,149,116 SuQlus,/@cfic() (,n Accounr of Rcl.luaiion l,.opcrri.s Surylus/@efic,r) on Accounr of Rc,alurrhn,rf Curency rnnshtn'n diffc(ncc N€t G.in .rd Nct Pofit for l,osscs not ..co8oi".d in thc incoh. 5,195,431 157,045 (4,I4n,4n2) (1,r9r.414 157,045 (4,148,4€2) 1,203,994 624,711,401 thc pcnod Stock Diridcnd paid dunng thc 4,255 621,135,6X pcnxl C,sh Dnidend p$d duons rh. pcnod 'l'ransfercd to srzNloq r.s.n e '116.1{16,271 - 076,806,;7r) Tot l Sh.Ehold.n Equity.s o.3oJunc 201? 14,122,510,680 a,O232l'1,O49 Tot lsh.nhoH.E Equity.. on 30Jun€ 2016 14,2,510,680 7,117,534;181 2,061,771,66 2,O67,771,ffi 62,7'15,000 62,77s,m *Gen.ral Resenc/Other RcscNe 11r otal ccJ', an;ging Dircc.oi& CFO - 2,825,825264 95,117 27,093,688,766 G,973,62st r,099,628 2,4xa,n2,fl4 80,388 25,111,5{,692 (8,506,Ur) IunlT Dnidend Equalization Accounr -I 5.195.411 5,t95,,1:11 Junr6 62,775.(XX) 62,715.1\\t 62,7',t5,000 62,775,000 @ Managing Dircctor & CEO &^w" Dircctor 4
6. EXPORT IMPORT BANK OF BANGI .A.DESH LIMITED Balance Sheet (Un-audited) as at 30June 2017 f PROPERTY & ASSETS Cash In han<l (including forctlan curcnq) With Bangladesh Bank and i(s Agmr Banl(s (n.lud'ns f@,g' arde) J.".".r01? --lf-pffiEIzo16 Taka Taka f-r--'sl J3s 5lA T-i I r:.or4.ns:.r:4 ll 33,994,411,6d0 Balanc€ wiih other bankr and financial institutions In Bangladesh t-r | Ouisidc Bangladesh Pl.cement with banks & orher financial in3trtutions ,58t1-o?-J8 fl :o.seu.nn:.:oi ,;r,;;l sG ",i:=oi t--.8x :+-;.0:.,rr ll r.n .rsr.snr I 2,959,687 ,561 500,000,000 500,000,000 T-rr-rHor.uislf --1-:6;o;iffi | Othcrs I 32,479,301,088 3,980,940,618 Investmcnts in shares and 6ecuriti€6 I ,r.rsr.rrc.on4 ll -l r ura.:0,1,2,,r 20,694,127,132 17,062,255,301 233,231,588,838 222,153,347 ,603 5,669,954,7 36 I (;crcral inlcstmots ctc. Brlls purchised .nd discounred Fixed .sscts including pGmiBcB Other as.€i6 Non-brnking Total 5,611,468,751 12,396,347,319 asset6 ll0.lt0,l,)u.898 assets 9,819,399,765 2()0,0ti.()t6.0ii LIABILITTES & CAPITAL Uabiliti€. Placement fmm banlc & othfi finuci.l inititurion. 343,409,162 Deposits and othcr rccounts 481,1.14 Nludaraba savinpp deposits 130,951,364,363 l\ludaraba tcrm deposrts Othcr Iludaraba Deposirs ,\lrvarlcczh cuncnt and rxhcr deposit accounts Bills pamblc 16,612,829, 130,292,7 35,281 '14,565,312,87 2 69,392,210,291 34,125,441,914 30,413,838,851 l 6,500,000,000 Mudaraba Subodina.cd Bond 2,500,000,000 14,531,117,983 13,067.304,605 283,289,748,106 264,101,747,823 othcr liabilitics Total li.biutie8 C.pit.l/6hareholder!' cquity lI I | Pard up capiral Totd.haGhold€.s' cquity Tot.l liebilitic. and ,harchold€$' equity fi-r-r ]5 I r.soo.rro.zrs ll :.r:o.s.,o,ouu ll :.rro.sou.oou : s.r" :cs rnr ll :..1ls.,lo.roe H,lr,sr o;8ol e.ou r o.o-80 t.:rr,rcn I I I 27,120,442,792 310.410,190.898 26,538,198,212 290.645.946.055 Offbr13nc€ Bheet it€ms Contingcrrt liabilitics: Accepranct and erdorscmcnts I rncrs of guarantcr T r6so.vrErrif---=ffi:6rl I s.qso.ruc.oro ll | :z,ror,:so,sra ll z,,.rso.r:r,ors s.q:s,3?o.opll I ' .r.7o.r.are.rso Incrocablc letrcrs ol crcdit Brlls (or colltction (hhc. contingc,t Labi!trcs I +.18.)."30.00+ | Tot.l contingert liabilitics 79,811,700,291 70,600,458,423 ()thcr commitmcnts Tor.l ofTbel.ncc I sh€ct itcms _____l2,qu!9,?21_ _____]q$9$glzr_ y Secretan (LfuDirecior 5
7. EXPORT IMPORT BANK OF BANGI .A,DESH LIMITED Profit and Loss Account (Un-audited) for the period ended 30 June 2017 J^n- l,un 2017 Taka Panicular6 Iovestment income Profit paid on deposits, borrowings, etc. Net invesunent income f-m.?5cJ | Taka %] T-o-a rsrxJ:;l ,r.rrr,.arr.:r,s ll ;.soz.uns.s.,r 3,278,690,571 3,356233,876 290,743,468 182,310,353 Incomc from investmcnt in shares/securioes ofinvcstment in sharcs Othcr opcrating incomc J";fi I l- Ap'- lt- 10161 Taka Taka T-aro:rejil fi:r-r.iT;oi :'l ll ,,.;ro..l:o.oon,ll .1.roo.ruo.s,o,l 2,091,681,889 1,890,851,202 2'75,225,368 588,940,364 166,192,254 360.624.116 333,085,.657 233,937,680 225,021,'t19 1,100,556,795 Commissioo, exchaogc and brokerage (lain on :3. t-Jj"- J"; 10161 fAe--; 816,004,905 392,619,1-12 sale Total operating income (A) 5,030,610,920 4,681,634,791 3,189,?85,301 2,675,281,587 Operating expeneee 1,443,751947 Salarics and allowanccs 296,315.621 Rcnt, tares, insumncc, clcctncitv etc. Lcgal cxpcnscs P()stagc, stamp, tclcgram, telephone etc. 3,072?88 40,131,032 Auditors fees Stationcry, printing, advertisemeot, etc. trlanaging Director's rcmuncration Managing Director's fccs Dircctors' fccs and cxpcnses Shrfl.lh Suncrlrs,,ry (.ommrrtre's Irecs & I:xpcnsc' Chargcs on Investment l,rxses l)cprcciation on and rcpair\ to Bank's proPcqv 1 ,324392,561 265209,056 4,865,933 39,863,944 1s7118,314 1J53,800 17,917,285 82282,407 100,414,119 8,726,W 7,564,000 3,863,000 1,233,627 1.089,904 243260 291200 649,998 159,560 117.400,518 120.814251 59,041,694 Zakat cxpcnses 87 ()thcr cxpenses Total operating cxpenses (B) Profit before ptovieions (C=A-B) 29 J30,980 60,7 4e,;05 J18,402 3.96'',1 Provisio' for inrestrMnts and oaa'Bala'ce Shcer tixposur€s Provision for diminuticrn in value ofshares Total Provision (D) Profir before taxee (C-D) 1,238,120,918 ProYision for taxation: (lurrcnr tax l)cfcrrcd tax Profit afte. tax Retuncd eamings brought forward Profit available for appropriation 582,244,560 641,352,585 1,368,332,700 551,226,140 2,,138,i30,108 2,175,063,525 2,,t38,730,108 2,115,063,525 3,020,974,668 2,822,476,110 3,807,062,808 2,732,289,665 Appropriations: Statut()ry rescrvc Issuc trf bonus sharcs 247,6U,196 716,806,271 2.574.791.911 3.630.256,53? Retained eamings carried for*ard Eaminge per ordinary ehare Defuty t[S-" naging Director & CFO 6 203,651,614 2,528.632.051 Managing ...^"y
8. EXPORT IMPORT BANK OF BANGI-ADESH LIMITED Cash Flow Statement (Un-audited) for the period eoded 30 June 2017 I---fi;fi--lf Taka Particulars A) Cash flows f.om operating acrivitics Ca\h paymcnt to supplcrs Incomc tax payments Receipts from other operatrng activtoes Payments for other operanng actiutics Catb lloat biorc cbdn$t in o?.rcting dttca dnd lidbilitir ,817 ,181 ,392) 327,973,997 ,7 49,999,989) 37 (1 (1,955,043,453) 5,443,553,467) (6,501.076,603) (68,089,211) 11,630,310,789 13,531,459,540 830,1'12,533 343,409,162 392,073,690 I------------lT--r.ri-ooopool I r:.ero.ooo.ooorll irwestir,g activities C) Cash oows from financing lctivides Recerpts from rssue of Debt Instnrm!'flt! Payment for rcdemption ofDcbt lflstrummis Receipts from issue ofOrdinrr' Sh.reltught Share tl fron (1 01,084,348,256) | Net catb 0,331,956,567) (3,427,564) (1 assets of Subsidirries (t ,452,471 ,947) 2,21j,17 2,37 4 B) Cash flows from investing .ctivities: ReccipN from sale ofse€unoes - ti(;llB Parmcnt for pr.rrchase of secunucs l'urch.sc of 6xcd rssets Purchasc 816,004,905 359,885,793 operdting dctioities of 6xed 182,310,3'16 I,100,556,795 (1,414,338,615) Deposits from orher banks Deposits from customers l,irbililies on eccount of customers 'l nding liabitocs @orrowing) Orher liabrlitics Sale procecds (6,942,212,624) 145,161,941 (11 ,521 ,4"13) Changer in operating Bsets and liabilities; (lncreasc)/dccrcase in operanng rssets/liabihoes Surutory deposir 'l rading sccunq - sharcs lnvcstmcnts to other banks Iovcstmcnts rc customers Other assets fiofl Taka (6,s62,078,844) crc. Irrcs and comrrusslon rccerpts (iash prymcnr to mployees Net cdsb -l 10,821,1 Invcsrmeot income receipts Pto6t paid on dcposits, bono*rngs, Dividcnd rcccipts J"-,-r016 'l:;;;::rll (1,855,704,081) I 'l*:ml 1,464,504,759 Diudend pad rn Oash Net cdsb 4,000,000,000 from fir.1ncitg dctioities D) Net increase/(decrea6e) in cash and caBh equivalents (A+B+q E) Effeci of Exch.nge rate changcs on cash and carh cquivalents F) Cash .nd cash equivalertE at beginning of the ycat G) Cach lnd c.sh cquivaleots at end ofthe petiod (D+E+F) _____37!Jj;38-?28 _____l!J!lJiqq6 xlrd-4 rlorol T-Jr.'*,- T | H) C.6h and ca6h equivalertr Crsh tlalancc *rrh orhcr I banhs end finmcial insotuuons l.leu.,,ao.6re | ____37-il1#3fi 8 lo3roJursrl s.:60.n:s.oc+ a1e,' Managing-Director & CEO /*ADirector 7 | _____1529115$16_
9. EXPORT IMPORT BANK OF BANGTADESH LIMITED Statement of Changes in Equity (Un-audited) fot the penod ended 30_lune 2017 Paid up crpital Taka Balancc rt I Jrnuer) 2017 t Rcvaluation rtscde Gcncr.l/ Other Taka Trkr Taka Rctaiocd camings Toral Take Take 7,44(t,41O,114 2967 ,171,666 62,115,Uil 2,438,730,108 ,$4,198,2J2 ?,&16,410,778 1ofi,n\6 64775,W 2,{38,?$,106 ?5,5$,t9t232 4,t 22,510,680 (:h.ng.s in rccounting pohcics Rcillrcd Brl2ncc 14122,510,660 Surplus/[)c6ci, on A€c()unr of Ro.duation l,rol,crrics S'lrPlus/(I)cficlo (m A€count ofRcrzluerion of Intcsrmcnt Currmcy rflnshhoo drff(Ycncc Nct Gain .nd lr.ec! nor r.cognizcd in rhc rncomc I'rofit for thc pcriod Stock l)r\1d.id peid duflng 582,244,W thc 5A2,241,W prnod (larh l)n'ldmd peid duflog thc pcntxt 'I rmsfcttcd to sterutorv rcscn.c 176,806,271 076,s06,;?r) - Total SharcholdcB Equity .s on 30Junc 2017 11,122,510,6N 8,023,217,049 2,067,771,6 62,775,M 2,8r1.t,168,397 27,t20,412,792 Tot.l SharcholdcB Equitr 14,122,510,680 ?,tt7,534,1$ 62,775,0N 2,574,791\911 25,945,3M,(x1 ae on 30 Junc 2016 '( ;.n(ril l{cs(^1/( )tl)r. R.(.n ( G.ner 2,057,771,ffi lun-17 Jun-16 Resenc Dnldend Fhudiza.ion Account 62,175,U)t) 62,775,000 Total 62,7 75,000 62,t75,OOO 2 Deputy MTr6ging Director & CFO +\,/ #c.la. Com'Plny Sccrctary gbDirector & CEO (*fu" Dircctor Chairman 8
10. Export Import Bank of Bangladesh Limited Notes to the Financial Statements For the period ended 30 June 2017 of the Bank 1 .0 Status 1.01 Legal Form of the Bank Export Import Bank of Bangladesh Limited was incorporated in Bangladesh on 02 June 1999 as Bankrng Company under the Companies Act 1994. The Bank converted its banking operation into Islamic Banking based on Islamic Shanah from traditional banking operation on 01 July 2004 after obtatning approval ftom Bangladesh Bank. The Bank went for public issue of shares in the year 2004 and its shares are listed with Dhaka Stock Exchange and Chittagong Stock Exchange. 1.02 Nature of Business The commercial banking activities of the Bank consist of services including mobilizing deposits, providing investment facilities, discounting bills, conducting money transfer, foreign exchange ttansactions and ptoviding services like safe keeping, issuing guarantees, acceptances and letters of credit etc. The Bank carries out its banking activities through 113 (One hundred thirteen) Branches operating as per Islamic Shanah in the country. 1.03 Subsidiaries The subsidiary companies of the Bank namely EXIM Exchange Company (JI9 Ltd., EXIM Exchange Company (Canada) Ltd. and EXIM Islami Investment Ltd. (EIIL) are conducting specified services to the customels. 2 (fwo) foreign subsidiaries are fully owned by the bank to help expediting remittance flow in the country. EXJM Islami Investment Limited @,IIL), the only local subsidiary where Bank owns 99.990lo share with substantial contol and rest 0.0170 is minoriry intetest. EXIM Islami Investment Umited @IIL) carries out merchant banking activities and conducting specified services to the customels. 1.04 Off-shore Banking Unit Off-shore Banking Units (OBU$ of Export Import Bank of Bangladesh Limited was established undet the rules and guidelines of Bangladesh Bank. The Bank obtarned Offshore Banking Unit permission vide letter no. BRPD e-r7 44(118)/ 2010-3861 & BRPD e-q7 44(118) / 2015-6018 dated 31 August 2010 & 11 August 2015 respectively. Bank commenced the Off-shore Banking Units (OBUs) services from April 2072. Two Offshore Banking Units (OBUs) are located at Dhaka (lr{otijheel & Gulshan) and another one is at Chittagong. OBUs maintain separate accounts in US Dollar. 2.0 2.01 SignilicantAccountingPolicies Basis of preparation The operations of Export Import Bank of Bangladesh Limited and its subsidiaries are govemed in compliance with the rules of Islamrc Shariah. The consolidated financial statements and the separate financial statements of the Bank have been ptepared basically as per provisions of the "Guidelines for Islamic Banking" issued by Bangladesh Bank through BRPD Circular No. 15 dated 09 November 2009 wth teference to the provisions
11. Export Import Bank of Bangladesh Limited Notes to the Financial Statements For the period ended 30June 2017 of the Bank Company Act , 1991 as amended up to 2013 & Bangladesh Bank's other circulars,/instructions and in accordance with International Financia.l Reporting Standards (IFRSs) adopted as Bangladesh Financial Reporting Standards (BFRSs) by the Institute of Chartered Accountants of Bangladesh (ICAB); the Companies Act, 1994; the Securities and Exchange Rules 1987; Dhaka and Chittagong Stock Exchanges' Listing Regulations and other lavn and rules applicable in Bangladesh. of guidelines and circulars issued by Bangladesh Bank diffet rvith those of other regulatory authorities and financial reporting standards, the guidelines and In case the tequirement circulars issued by Bangladesh Bank prevai.ls. 2,02 Investment and Provision Investments are stated in the Balance Sheet net off uneamed income. Provisions for investments are made as per instructions contained in relevant Circulats of Bangladesh Bank. 2.03 Provision for diminution in value of shates Provision for investment in share is made on the basis of period-end review by the management and instructions from regulatory authorities. 2.04 Provision for corporate tax Provision for current tax has been made in the accounts @ 40o/, as per Finance Act 2016 ofthe accounting proht made by the Bank. 2.05 Off-balance sheet items Off balance sheet items have been disclosed under contingent liabilities and other Bank guidelines. Provisions on off balance sheet items commitrnents as per Bangladesh have been made as per Bangladesh Bank CLcular. 2,06 Eamings per share Eamings per share (EPS) have been computed by dividing the basic eamings by the number of Ordinary Shares being calculated as per BAS-33. Previous year's Egures have been adjusted as per Guidelines of BAS-33. 2.07 Cash flow statement in accordance with BAS-7 "Cash Flow Statement" and the cash flow from operating activities has been presented under direct method as Cash flow statement is prepared prescribed by the Securit.ies and Exchange Rules 1987. 2.08 Reporting petiod These Financial Statements coyer the period from l0 l January 2017 to 30June 2017.