Social Islami Bank: Condensed Consolidated Financial Statements - 31 March 2020

Transcription

1. i SOCIAL ISLAMI BANK LIMITED coNDENSED CONSOLTDATED BALANCE SHEET (UN-AUDITED) AS AT 31 MARCH 2O2O Note(s) 31.03.2020 31.L2.20L9 Taka Taka PROPERTY AND ASSETS Cash in Hand Cash in hand (lncluding Foreign Currencies) 3(a Balance with Bangladesh Bank & Sonali Bank as agent bank (l ncluding Foreign Currencies) 3.1 Balance ) 2,552,099,82L 2,949,359,808 17,38 3,004,190 L9,93 5,104,Otz 28,949,L7289? 3,672,540,943 1,069 ,704,927 4,742,245,870 2,288,375,533 t,084,292,499 3,372,668,032 5,946,395,494 6,826,069,299 31,898,532,410 with other Banks and Financial lnstitutions lnside Bangladesh Outside Bangladesh Placement with other Banks & Financial lnstitutions 4(a) 5 lnvestments in Shares & Securities Government Others 13,142,300,000 A 153,23L,473 17,295,53L,473 13,692,300,000 4,170,415,304 L7,862,7!5,3O4 257,528,373,464 1,2,587,197,5t1 270,1!5,57O,976 251,,238,98s,230 lnvestments General I nvestments etc. Bills Purchased and Discounted 6(a) Fixed Assets lncluding Premises Other Assets Non Banking Assets Total Assets 7(a) L2,229,604,419 263,468,589,649 3,673,7t6,895 3,705,067,506 18,913,s99,1s8 B(a) 18,143,066,838 340,553,514,489 345,185,358,427 LIABILITIES AND CAPITAL Liabilities Placement from other Banks & Financial Institutions Deposits and Other Accounts 503,782,550 s(a ) 23,998,844,37L L65,274,389,464 62,446,823,873 25,397,482,488 3,816,384,077 Mudaraba Savings Deposits Mudaraba Term Deposits Other Mudaraba Deposits Al-Wadeeah Current & Other Deposit Accounts Bills Payable Cash Waqf Fund SIBL Mudaraba Subordinated Bond Other Liabilities Deffered Tax Liabilities/ (Assets) Total Liabilities 10 11(a ) 25,739,179,658 1"65 ,687 ,514,47 6 64,L12,31B,321, 25,608,307,719 s,982,863,785 350,7t8,739 342,7L0,3tr 28t,284,643,OLz 287,472,894,270 9,40o,ooo,ooo 9,400,000,000 3\,705,L70,192 30,905,629,453 94,704,927 327,873,228,650 100,101,230 322,993,696,984 Capital/Shareholders' Equity Paid-up Capital Statutory Reserve General Reserve Revaluation Reserve on fixed assets Retalned Earnings Total Shareholders' Equity Non controlling lnterest Total Liabilities & Shareholders' Equity 8,933,413,560 6,552,954,531, 9,756,419 8,933,413,560 6,422,261,269 9,843,356 931,,379,26L 931,379,26t L,232,31t,923 1,01s,230,511 t7,312,127,963 L7,659,815,694 1,811 340,653,s14,489 ___-____1,814_ ___3g5Jg5E5gl2Z_
2. SOCIAL ISLAMI BANK LIMITED OFF . BALANCE SHEET ITEMS (UN -AUDITED) AS AT 31 MARCH 2O2O 31.03.2020 3L.!2.20t9 Taka Taka 22,729,006,400 L8,776,732,281 L2,996,360,777 4,939,505,737 21.,937,661,800 CONTINGENT LIABILITIES Acceptances and Endorsements lrrevocable Letters of Credit (including Back to Back Bills) Letters of Guarantee Bills for Collection Other Contingent Liabilities Total 1-5 ,77 5 ,047 ,1-49 L1.,322,648,7t6 4,565,448,355 58,781,604,595 53,594,806,020 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 Chief Financial 58r81"604^595 Director & #r,\ 53,594,805,020 CEO
3. SOCIAL ISLAMI BANK LIMITED coNDENSED CONSOLIDATED PROFTT AND LOSS ACCOUNT (UN-AUDTTED) FOR THE FIRST QUARTER ENDED 31 MARCH 2O2O Note(s) lnvestment lncome Profit paid on Deposits Net lnvestment lncome lncome from lnvestment in Shares/securities Commission, Exchange and Brokerage Other Operating lncome 12(al 13(a) 31.03.2020 31.03.2019 Taka Taka 7,040,422,545 s,448,923,32L 6,367,856,438 4,401,,098,457 ,757 1a(a) 1s(a) 131,143,595 382,s99,947 649,897,336 2,24L,396,56O Total Operating lncome Salaries and Allowances Rent, Taxes, lnsurances, Electricity etc. 16(a) 77(a\ 759,543,t85 tL6,601,404 Lega I Expenses 18(a) 2,826,91.2 Postage, Stamps, Telecommunication etc, 1s(a) 8,927,8L8 Stationery, Printings, Advertisements etc. 48,31,0,L48 Chief Executive's Salary & Fees Directors' Fees & Expenses 36,262,630 439,329,7s8 1 269 580,955,657 2,547,7!3,636 774,635,862 92,601,51.7 2,108,996 11,31,5,347 31 ,028,382 3,746,500 3,366,935 3,565,000 244,375 155,250 48,684,927 41,423,585 387,838,262 1,42!,5L4,O51 26,951,234 r,L31,552 Shariah Supervisory Committee's Fees & Expenses Auditors' Fees Charges on lnvestment Losses Depreciation & Repairs of Bank's Assets kat Expenses Other Expenses Total Operating Expenses Za 37,380,687 295,919,093 L,283,398,922 t6 Profit/(Loss) before Provision Provisions for Investments Other Provisions Total Provision 166,s05,559 2 52r,61,1,,Ut 57 L66,783,8L6 524,425,663 Total Profit/(Loss) before lncome Taxes 653,O98,694 739,889,053 Provision for Taxation 305,324,026 480,802,L93 Net Profit/(Loss) after Taxation 347,774,668 259,086,860 Statutory Reserve 130,693,262 145,523,339 Retained surplus 2L7,08t,405 L73,563,521 2L7,081,405 113,553,515 2L7,O8L,4O2 113,563,521 Appropriations Attributable to: Equity holders' of the Bank Non controlling lnterest 5 Consolidated Earning Per Share (CEPS) (Restated) Net Asset Value Per Share (CNAV/Share) (Restated) Net Operating Cash Flow Per Share (CNOCFPS) (Restated) 0.39 19.77 (13.34) Managing Director & CEO Chief Financial Officer HA 0.29 L7.96 (7.27l.
4. SOCIAL ISLAMI BANK LIMITED CONDENSED CONSOLIDATED CASH FIOW STATEMENT (UN.AUDITED) FOR THE FIRST QUARTER ENDED 31 MARCH 2O2O 3L.03.2020 31.03.2019 Taka Taka Cash Flow from Operating Activities I 7,040,422,545 nvestment I ncome receipt 6,361 ,856,438 (4,40t,098,451\ (s,448,923,321.) Profit Paid on Deposlts 36,262,630 1"3r,143,695 Dividend Receipts Fees & Commission receipt Cash Payments to Employees Cash Payments to Suppliers lncome Tax Paid Receipts f rom other Operating activities Payments for other Operating activities Operating Profit before changes in Operating Assets I8L,T44,BLO 20L,009,216 (763,289,685\ (s 1,137,060) (718,200,862\ (39,737,378) (309,357,2 1s) (3t3,942,96s\ 337,608,831 (634,776,864 482,825,736 343,683,811 t508,011,968 907,820,465 567,1,83,831 (243,L23,004\ Changes in Operating Assets and Liabilities Statutory Deposits Net Trading Securities lnvestments to other Banks I nvestment to Customers Other Assets Deposits from other Banks Deposits received from Customers A) B) Other liabilities on account of customers Trading Liabilities Other Liabilities Sub Total Net Cash flow from Operating Activities Cash flows from lnvesting Activities Proceeds from sale of Securities Payment for purchases of securities Proceeds from Sale of fixed assets Purchases of Property, Plant & Equipments (6,646,98t,327]| (461,16s,10s) (6,796,s87,7s2\ 608,336,495 (3,907,416,493\ 293,023,873 ( 143,99s,s01) (3,804,098,492) 332,742,260 407.076.908 (L2,396,471,598) (11,913,645,863) Net Cash flow from lnvesting Activities flows from Financing Activities Receipts from issue of Debt lnstruments SIBL Mudaraba Subordinated Bond 17,398,592,7091 16,490,772,244l. /12L.459.322\ ( (L2t,4s9,322l, (189,970,ss1) 189,970.551) Cash 1,000,000,000 503,782,ss0 Receipts from issue of Right shares lncreasing/(Decrease) in Revaluation Reserve Dividend Paid in cash C) Net Cash flow from Financing Activities D) Net lncrease/(Decrease) in Cash & Cash Equivalents (A+B+C) E) Effects of exchange rate changes on cash & cash equivalents F) Cash and cash equivalents at the beginning of the year G) Cash and cash equivalents at the end of the year (D+E+F) Company 503,782,ss0 (11,531,322,635) 57,798,269 42,097,269,741 30,623,745,376 Director & Chief Financial #,,"tq CEO 1,000,000,000 .5,680,742,7951 61,,814,682 33,474,528,207 27,855,660,094
5. (, n <f o 6 N oo' r\ (n Fl 6 d F N N @ o E N o F N fl1 g) N. H d (o o1 + H H 6 N ol c6 !,) N @ N F d -+. H rn Or <l il 00 I I N. -+. 6 N I oO o o o = o o z H d @ j d 6 i ho j F{ @ : I N (n fr) N N @ @ N Fl t,) to obo GC oo EU 6 o m cD d d N N N h d d1 N $ o m a u L a :, z 3 Eo lo olN U? 6o( =E uu< l-|o1 J-o ==H Y(Jrtl -^A 3Efr -<G EOH <+ir OGL of(U <So ae, d. (.o o U L) .i od o d (o N d q) Fl (n N N: m rr)l N N d d ,9 o (ol Ni o N il I OJ i5 Or F\ (n d (n d m o u,0 'tb G O) o I Eb9 g! qrvoJ s (9E ior o> Eg co ii e. o 6 or d (n h m <t 00 ol o (o t o <t (o € 6 h F\ I\ o) oi N (o N di Ol ro I N d (o N N N <t d] H (n m 6 d t rI) 6 or Ot .irn Nrn la 6 d (o d m @ dH< aoe ^J(JF EoP urHE 7U sI OF zd, oo (Ju 4 o F zU u F Egr oE6 V (n 6 o 6 o (o ol (o e 6 d rri d +. e t, n rjt N sl mt rYi d -\t- (n m m gr O! ei oo' 6 o- 111 orl col l F th C o E o o cqJ E E a o o o o c o o c C o i= G f 6 o o d H G o- o N o N 6 o N o N G o E o 6 C H o m E G f o .g G E o .! o o C d o G G o OJ r o o oo C o o o o E 5 I o o! o o G i5 c 'C .F o C E c o o 0i o o .F c o f o o .! f,o G o c E I C c 6 o E OJ I 6 H o all G .s o I sE sG co (J c (E iE n a OJ o c G G co E E E o G OJ e. C = 5 o a = ;c o '6 (, o c I t, o 5 c o o ! G o OJ .g o o o o o co o b4 6 o F o .g E N o E Co C] N G o G o C f = co I ,6 :o G 4 @ I G C d = (n o !o o c f .9 e 6 't sG E OJ ro :> o .G o IE z z OJ E c o E q) p o E E o c c u c, c o o C o (9 o E = o J 6 ijE E o F 6 EL E uo sP o I o ) i5
6. SOCIAL ISLAMI BANK LIMITED coNDENSED BALANCE SHEET (UN-AUDTTED) AS AT 31 MARCH 2O2O tttote(s) 3L.03.2020 3L.r2.2019 Taka Taka PROPERTY AND ASSETS Cash in Hand Cash in hand (lncluding Foreign Currencies) Balance with Bangladesh Bank & Sonali Bank as agent bank (lncluding Foreign Currencies) 3 3.1 2,551,698,838 2,949,269,520 17, 383,004,190 28,949,172,602 t9,934,703,028 L22 3,672,525,512 2,288,360,101 1,0 84,292,499 3,372,652,600 Balance with other Banks and Financial lnstitutions lnside Bangladesh Outside Bangladesh Placement with other Banks & Financial lnstitutions 4 L,069,704,927 5 4,742,239,439 5,946,395,494 6,826,069,299 lnvestments in Shares & Securities lnvestments 258,328,373,464 72,587,L97,sLL 270,915,570,975 252,038,985,230 12,229,604,419 264,268,589,649 6 General lnvestments etc, Bills Purchased and Discounted Fixed Assets lncluding Premises Other Assets Non Banking Assets t8,540,474,627 13,692,300,000 5,42 6,683,481 19,118,983,481 13,142,300,000 5,398,774,627 Government Others 7 8 3,697,422,255 340,s2q14587L Total Assets 3,606,049,743 L5,965,444,733 L6,749,949,983 ___3EES-EIM_ LIABTLITIES AND CAPTTAL Lia bilities Placement from other Banks & Financial lnstitutions Deposits and Other Accounts 503,782,550 9 23,998,844,37t. 4,389,464 Mudaraba Savings Deposits Mudaraba Term Deposits Other Mudaraba Deposits Al-Wadeeah Current & Other Deposit Accounts 1.65,27 62,446,823,873 25,978,388,650 350,778,739 28L,865,549,L73 10 9,400,000,000 9,40o,ooo,ooo L1, 3L,035,727,268 30,354,428,53L 3,8!6,384,077 Bills Payable Mudaraba Subordinated Bond Other Liabilities Deffered Tax Liabilities/ (Assets) Total Liabilities 64,1_12,31.8,321 26,072,068,558 5,982,863,785 342,710,311 287,936,655,L09 Cash Waqf Fund SIBL 25,739,179,658 165,687,574,476 99,060,183 93,8L7,5t4 322,904,L19!174 327,784,901,t54 Capital/Sha reholders' Equitv Statutory Reserve 8,933,413,560 6,552,954,537 Revaluation Reserve on fixed assets Retained Earnings 1,,204,880,285 Paid-up Capital Total Shareholders' Equitv Total Liabilities & Shareholders' Equitv 93!,379,267 t7$22$27,6]6 8,933,413,560 6,422,26t,269 937,379,261 984,276,383 17,271,330,473 __?40,526,J!981L_ L!!p,SEL,U_
7. SOCIAL ISLAMI BANK LIMITED oFF- BALANCE SHEET TTEMS (UN -AUDITED) AS AT 31 MARCH 2O2O 31.03.2020 3L.L2.20t9 Taka Taka CONTINGENT LIABILITIES Acceptances and Endorsements lrrevocable Letters of Credit (including Back to Back Bills) Letters of Guarantee Bills for Collection Other Contingent Liabilities Total 22,729,006,400 18,L16,732,281 12,996,360,177 4,939,505,737 21,937,66t,800 58,781,604,595 53,594,806,020 15,775,047,149 77,322,648,716 4,565,448,355 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 Company ry Chief Financial Officer .Jh Director 5878 1"604^595 -3^594"806p20 aging Director & CEO
8. SOCIAL ISLAMI BANK LIMITED coNDENSED PROFTT AND LOSS ACCOUNT (UN-AUDITED) FOR THE FIRST QUARTER ENDED 31 MARCH 2O2O Note(s) lnvestment lncome Profit paid on Deposits Net lnvestment lncome lncome from lnvestment in Shares/securities Commission, Exchange and Brokerage Other Operating lncome 31.03.2020 31.03,2019 Taka Taka 5L2 t29,4L6,609 6,357,049,474 4,383,341,570 707 904 29,926,659 1,4 369,582,142 4t5,877,174 15 135 49 12 13 7,025,789,63L 5,437,325,119 206 634,489,917 550,305,497 2,518,013,400 L87,935 766,037,137 91,091,007 2,708,996 74,794,209 36,807,894 3,565,000 1,028,052 230,000 1,43,750 48,308,476 41,423,585 384,912,874 26,450,330 37,380,687 292,778,473 1,268,785,536 2,228,954,429 Total Operating lncome Salaries and Allowances 1,6 Rent, Taxes, lnsurances, Electricity etc. 17 752,619,217 L14,989,978 Legal Expenses 18 2,826,912 Postage, Stamps, Telecommunication etc. 19 8,549,697 48,L87,386 3,746,500 Stationery, Printings, Advertisements etc. Chief Executive's Salary & Fees Directors' Fees & Expenses Shariah Supervisory Committee's Fees & Expenses Auditors' Fees Charges on lnvestment Losses Depreciation & Repairs of Bank's Assets Zakat Expenses Other Expenses Total Operating Expenses 3, L,408,982,560 Profit/(Loss) before Provision Provisions for lnvestments Total Provision 166,505,559 166,505,559 52L,671,!77 Total Profit/(Loss) before lncome Taxes 653,466,310 727,676,693 Provision for Taxation 302,t69,L40 475,9L3,395 Net Profit/(Loss) after Tax 35L,297,L64 25L,703,299 130,693,262 220,603,902 145,523,339 35t,297,164 25L,703,299 Appropriation Statutory Reserve Retained Surplus 52L,67L,L7L 106,!79,960 Earning Per Share (EPS) ( Restated) Net Asset Value Per Share (NAV/Share) (Restated) Net Operating Cash Flow Per Share (NOCFPS) (Restated) (13.34) Company aging Director & CEO S Chief Financial 0.39 0.28 L9.73 t7.9L #"4{ (7.271
9. SOCIAL ISLAMI BANK LIMITED coNDENSED CASH FLOW STATEMENT (UN-AUDITED) FOR THE FIRST QUARTER ENDED 31 MARCH 2O2O 31.03.2020 31.03.2019 Taka Taka Cash Flow from Operating Activities lnvestment lncome receipt Profit Paid on Deposits 7 (s Dividend Receipts Fees & Commission receipt Cash Payments to Employees Cash Payments to Suppliers lncome Tax Paid Receipts from other Operating activities Payments for other Operating activities Operating Profit before changes in Operating Assets and Liabilities ,025,789,631,431,,32s ,119\ 129,41-6,609 6,351,049,474 (4,383,341,s70) 29,926,659 !77,496,632 768,126,965 (756,365,717) (s1.,014,298) (306,36s,969) 336,946,343 (629,620,01s) (769,602,137) (39,s16,890) (309,022,720]| 342,882,206 (s02,s65,772) 485,588,431 897,305,881 578,s08,8s4 \243,723,004) Changes in Operating Assets and Liabilities Statutory Deposits Net Trading Securities lnvestments to other Banks lnvestment to Customers Other Assets 16,646,981,326) (478,139,280\ (6,796,587,752) 595,487,817 Deposits from other Banks Deposits received from Customers Other liabilities on account of customers Trading Liabilities Other Liabilities 347 A) 699 (12,399,850,989) (L7,914,262,5581 Sub Total Net Cash flow from Operating Activities flows from lnvesting Activities Proceeds from sale of Securities PaVment for purchases of securities Proceeds from Sale of fixed assets Purchases of Property, Plant & Equipments (3,907,476,492\ 404,968,606 (2,640,007,192\ (1,3s7 ,770,s1.8\ 3s0,190,314 (7,393,218,285) rc.495.912,4041 Cash B) Net Cash flow from lnvesting Activities Cash flows from Financing Activities Receipts from issue of Debt lnstruments SIBL Mudaraba Subordinated Bond (121,,1s3,322) (189,884,313) (12L,L53,322) (189,884,313) 503,782,550 1,000,000,000 Receipts from issue of Right shares lncreasing/(Decrease) in Revaluation Reserve Dividend Paid in cash C) Net Cash flow from Financing Activities D) Net lncrease/(Decrease) in Cash & Cash Equivalents (A+B+C) E) Effects of exchange rate changes on cash & cash equivalents F) Cash and cash equivalents atthe beginning of the year G) Cash and cash equivalents at the end ofthe year (D+E+F) Company ry Chief Financial Officer 782,550 (11,531,633,330) 57,798,269 42,097,164,021 30,623,328,960 1,000,000,000 (5,685,796,718) 61,874,682 33,474,406,512 27,8 ng Director & CEO
10. (n N (o o (}1 O) sf 6P o F N F N r{ o (n P F{ I m o (,1 o o N r\ 6 la o <l N <f N o N ro N o) o N o <l N E{ N N O) (o (o Fi (o ln @ (n N "{ ro (n ol r.{ rn (n N (o (o ln r{ FI (n to obo cc (!E Ot! E rrl N (o r-l N N o) o) N (o @ Ol rn <t Fr- .ri j d co ao ln ln 6 @ N N N (o N 00 (n (0 o o @ o 00 @ F{ Fl N gr N N o) N (n => >o P3 (o ft1 OU o P I o i5 bo tr (! c (! r-{ F{ '& (n (n ;t6' lJ r{ (o r.o (! rO 6L o U <l <t o o N N t..,1 r-.,| o <t F (o sf N 6 H r-l 6l @ l\ Ol O) = o F Oo \.2 iig ?s (,o, a IJ a =R(J '>1- c, o=< H d,E Zzor J-o =uJF{ i92 >6H Iet - tt ead CI6H g6# (J= sH of >x HE t! F F t) l.r, b,e c- I io o> 3oJ bo Pt ro N <l VI H ri N (o N Cft l r-l (o cn O) N <t d co G1 rn r,) <f <t rn ]n (o O) N rl (o Ol ln rn |n |J) u, ro OJ 0 o 6 o o'6 =g oo,, ho o tr l! (n r .9 ti (J t o. o o lo (D + m (n Fl <f + (n ln rn (n o. (! u o (o N I (n (n (g @ T' (n oa O) o- rj'l F{ F{ Ctl O) € o C o.) r= L (U o- o) o o c o o o (J l! o- (g (U f f (! 0) o N o N (! d o c f o U u (g c .o o o- b! c (! 13 c f r-t (E c (s F{ o, UI o- U E E OJ o L 6 (! f o c(u c (u o o .C .N U C c) (u o (u L = o o U .; 0) c bD c sl! co G -c (J OJ G P 0.) d f q 5 f ) c '= (9 U1 f (J L (o 0) E 13 'tr E o E o (u o (E o (J a o- oL C ho (o co .c ! o o .9 o) 0, P o o o o(J CG '6 H(J -6GC o -c L (! o (oL E o E0.) -o c o {! b.0 OJ b! c co)L o I o U ft1 o o iE o oo) z Z o) .g (o P E E c 0.) E E o o) o L o E so oL ii '> c o_ o a 5 o o T' -c c c r= (E .C o_ o_ :: o L (g (J co c o o G) : -o N o c N E co I c) Fl O) OJ qJ E ! .g E d. OJ I (! c, I c c) N o N E :: (U o ! o) (o u o c (! 6 c :, !L (t1 (o c .= o o o o _o 5 F{ r IJ o =o o, (E f (! (o L (g =CL (o T' .9 v\ c ,q o E o) f o E o.E CL (! (J g 6 q) -o I c Jco (u g -o E 6 o lt E oo ii P (u E E o L o g F F F u tl E c o o. E o (J x. #