Southeast Bank Limited: Consolidated Financial Statements - 30 September 2020

Transcription

1. Southeast Bank Limited and its Subsidiaries Consolidated Balance Sheet As at 30 September 2020 Provisional and unaudited Sep 2020 Taka Dec 2019 Taka 3 ,485,850,430 3,664,880,130 16,344,965,986 19,830,816,416 18,954,911,247 22,619,791,377 3,605,682,538 2,683,123,853 6,288,806,391 2,407,806,344 5,568,594,836 1,903,702,998 7,472,297,834 4,739,531,100 83,059,078,754 14,818,777,250 97,877,856,004 62,409,764,654 14,900,277,916 77,310,042,570 302,194,117,756 17,993,298,604 320,187,416,360 9,525,681,558 7,619,905,003 463,738,288,076 278,757,951,276 17,995,011,999 296,752,963,275 9,333,658,015 4,084,430,822 422,312,714,993 10,200,000,000 14,633,451,120 24,833,451,120 10,200,000,000 13,701,399,879 23,901,399,879 69,682,097,001 3,666,195,213 35,337,076,965 254,681,776,113 363,367,145,292 48,260,613,039 4,095,294,208 30,416,845,985 246,477,520,709 329,250,273,941 41,722,071,119 429,922,667,531 38,651,506,648 391,803,180,468 11,599,419,720 11,599,419,720 4,806,396,602 247,650,000 (17,249,868) 5,569,857,078 33,805,493,252 10,127,293 463,738,288,076 11,599,419,720 10,969,433,607 4,248,271,218 247,650,000 (8,779,606) 3,443,466,969 30,499,461,908 10,072,617 422,312,714,993 Total contingent liabilities 64,433,613,535 18,087,473,886 28,223,854,412 31,321,340,314 1,973,194,000 144,039,476,147 48,407,681,253 16,773,718,041 27,936,453,209 28,576,944,200 1,454,224,000 123,149,020,703 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 other commitments Total off-balance sheet items including contingent liabilities 144,039,476,147 123,149,020,703 Note PROPERTY AND ASSETS Cash In hand (including foreign currencies) Balance with Bangladesh Bank and its agent banks (including foreign currencies) 4 Balance with other banks and financial institutions In Bangladesh Outside Bangladesh 5 Money at call and on short notice Investments Government Others 7 8 Loans and advances/investments Loans, cash credit, overdrafts etc./investments Bills purchased and discounted 2 Fixed assets including premises, furniture and fixtures Other assets Non-banking assets Total assets 12 14 LIABILITIES AND CAPITAL Liabilities Borrowings from other banks, financial institutions and agents Subordinated bond Other borrowings 16 Deposits and other accounts Current/Al-wadeeah current accounts and other accounts Bills payable Savings bank/Mudaraba savings bank deposits Fixed deposits/Mudaraba fixed deposits 3 Other liabilities Total liabilities 20 Capital/shareholders' equity Paid up capital Statutory reserve Revaluation reserve Other reserve Foreign currency translation reserve Retained earnings Total shareholders' equity Non-controlling interest Total liabilities and shareholders' equity 4 22.2 23 24 25 26 27 29 OFF-BALANCE SHEET ITEMS Contingent liabilities Acceptances and endorsements Letters of guarantee Irrevocable letters of credit Bills for collection Other contingent liabilities Chairman Chief Financial Officer (Acting) 30.1 30.2 30.3 30.4 30.5 Director Managing Director Company Secretary
2. Southeast Bank Limited and its Subsidiaries Consolidated Profit and Loss Account For the period ended 30 September 2020 Provisional and unaudited Note Interest income /profit on investments Interest paid/profit shared on deposits and borrowings etc. Net interest income/net profit on investments Investment income Commission, exchange and brokerage Other operating income 32 34 Jan 01, 2020 to Sep 30, 2020 Taka Jan 01, 2019 to Sep 30, 2019 Taka July 01, 2020 to Sep 30, 2020 Taka July 01, 2019 to Sep 30, 2019 Taka 17,060,810,127 (15,402,502,191) 1,658,307,936 4,444,162,625 2,433,463,094 623,168,063 7,500,793,782 9,159,101,718 19,788,438,921 (16,245,982,004) 3,542,456,917 3,557,643,353 2,865,791,330 694,563,758 7,117,998,441 10,660,455,358 5,223,562,539 (4,867,572,794) 355,989,745 1,666,490,414 936,329,572 209,172,302 2,811,992,288 3,167,982,033 6,965,713,901 (5,761,624,765) 1,204,089,136 1,157,425,828 977,271,138 202,703,056 2,337,400,022 3,541,489,158 1,522,773,194 819,942,131 860,575 125,321,494 111,792,745 7,721,500 1,160,060 750,000 400,033,094 937,912,133 3,928,266,926 5,230,834,792 1,472,114,870 842,579,170 1,613,518 132,504,095 123,912,221 8,721,500 2,181,664 750,000 325,526,169 835,521,984 3,745,425,191 6,915,030,167 566,094,122 301,074,420 105,050 44,645,120 38,497,667 2,685,500 469,200 250,000 143,650,506 325,833,817 1,423,305,402 1,744,676,631 527,243,094 311,429,512 1,061,038 43,740,965 41,064,672 2,685,500 685,394 250,000 110,699,039 292,918,979 1,331,778,193 2,209,710,965 1,283,172,000 (241,372,000) 1,041,800,000 71,420,000 173,200,000 1,286,420,000 3,944,414,792 257,596,000 995,619,219 1,253,215,219 232,100,000 (47,173,000) 1,438,142,219 5,476,887,948 916,107,019 (83,809,188) 832,297,831 (470,380,000) 184,566,000 546,483,831 1,198,192,800 12,496,000 480,756,122 493,252,122 124,207,150 (2,073,000) 615,386,272 1,594,324,693 Net profit after taxation 1,166,368,533 9,300,000 1,175,668,533 2,768,746,259 2,208,541,637 (7,500,000) 2,201,041,637 3,275,846,311 304,882,215 20,750,000 325,632,215 872,560,585 904,052,852 20,000,000 924,052,852 670,271,841 Net profit after taxation attributable to: Equity holders' of the Bank Non-controlling interest Net profit after taxation 2,768,691,582 54,677 2,768,746,259 3,275,831,109 15,202 3,275,846,311 872,519,289 41,296 872,560,585 670,272,285 (444) 670,271,841 629,986,113 629,986,113 2,138,760,146 1,092,830,889 1,092,830,889 2,183,015,422 86,382,684 86,382,684 786,177,901 325,514,233 325,514,233 344,757,608 36 38 40 Total operating income (A) Salaries and allowances Rent, taxes, insurance, electricity, etc. Legal expenses Postage, stamp, telecommunication, etc. Stationery, printing, advertisements, etc. Managing Director's salary and fees Directors' fees Auditors' fees Depreciation and repair Other expenses Total operating expenses (B) Profit before provision (C=A-B) Provision for loans and advances/investments General provision Specific provision Provision for diminution in value of investments Other provisions Total provision (D) Total profit before taxation (E=C-D) Provision for taxation Current Deferred Appropriations Statutory reserve 42 44 46 48 50 51 53 54 56 21.1 21.7 21.5 58 23 Retained surplus during the period Earnings per share (par value Taka 10) Chairman Chief Financial Officer (Acting) 2.39 5 Director 2.82 0.75 0.58 Managing Director Company Secretary
3. Southeast Bank Limited and its Subsidiaries Consolidated Cash Flow Statement For the period ended 30 September 2020 Provisional and unaudited Jan 01 , 2020 to Sep 30, 2020 Jan 01, 2019 to Sep 30, 2019 Taka Taka A. Cash flows from operating activities: Interest receipts in cash Interest payments Dividend receipts Fees and commission receipts in cash Recoveries on loans previously written-off Cash payments to employees Cash payments to suppliers Income taxes paid Receipts from other operating activities Payments for other operating activities Operating profit before changes in operating assets and liabilities (i) 17,576,656,161 (15,201,492,760) 131,262,278 2,433,463,094 263,897,102 (1,530,494,694) (10,668,588) (2,495,724,321) 623,168,063 (1,839,145,273) (49,078,938) 23,280,053,912 (12,839,765,832) 163,698,890 2,865,791,330 666,200,781 (1,480,836,370) (278,149,489) (1,650,410,745) 693,566,742 (1,897,224,471) 9,522,924,748 Increase (decrease) in operating assets and liabilities Sale of trading securities Purchase of trading securities Loans and advances to customers Other assets Deposits from other banks Deposits from customers Other liabilities Cash generated from (used in) operating assets and liabilities (ii) Net cash flows from operating activities (a=i+ii) 737,180,819 (859,108,596) (23,434,453,085) (476,585,655) 932,051,241 34,221,630,389 2,525,520,984 13,646,236,097 13,597,157,159 276,041,447 (895,969,625) (21,023,607,630) (68,661,816) (414,968,083) 29,488,551,116 (132,160,634) 7,229,224,775 16,752,149,523 25,771,979,215 (29,219,104,825) (473,555,915) 126,951 (3,920,554,575) 81,054,654,576 (81,648,743,319) (282,227,563) 3,188,557 (873,127,750) B. Cash flows from investing activities: Proceeds from sale of securities Payments for purchase of securities Purchase of fixed assets Sale proceeds of fixed assets Cash generated from (used in) investing activities (b) C. Cash flows from financing activities: Receipts from issue of loan capital & debt security Payments for redemption of loan capital & debt security Dividends paid Payment against lease obligation Receipts from issue of ordinary shares Cash generated from (used in) financing activities (c) D. E. F. G. Net increase (decrease) in cash and cash equivalents (a+b+c) Effects of exchange rate changes on cash and cash equivalents Cash and cash equivalents at beginning of the year Cash and cash equivalents at end of the period (D+E+F) Cash and cash equivalents at end of the year represents Cash in hand (including foreign currencies) (42,458,564) (42,458,564) - 9,634,144,020 (9,340,981) 48,392,991,767 58,017,794,805 15,879,021,773 (1,304,950) 36,823,677,730 52,701,394,553 3,485,850,430 4,179,956,157 16,344,965,986 6,288,806,391 2,407,806,344 29,485,619,054 4,746,600 58,017,794,805 18,489,837,153 6,856,129,463 4,498,970,000 18,671,734,580 4,767,200 52,701,394,553 Balance with Bangladesh Bank and its agent banks (including foreign currencies) Balance with other banks and financial institutions Money at call and on short notice Treasury bills Prize bond
4. Particulars Paid up capital Taka Southeast Bank Limited and its Subsidiaries Consolidated Statement of Changes in Equity For the period ended 30 September 2020 Statutory reserve Taka Translation reserve Retained earnings Taka Taka Total equity of the Group Provisional and unaudited Total Taka 2 ,768,746,258 33,815,620,545 31,139,905,596 558,125,384 (20,785,622) 537,339,762 30,509,534,525 30,509,534,525 Non-controlling interest 10,127,293 10,085,714 54,677 - - 10,072,617 10,072,617 Taka 30,499,461,908 30,499,461,908 Taka 3,443,466,969 3,443,466,969 558,125,384 (20,785,622) 537,339,762 Other reserves (8,779,606) (8,779,606) (12,315,360) (12,315,360) (17,249,868) (22,740,605) (629,986,113) 5,569,857,078 3,870,571,866 (8,470,263) (8,470,263) Taka 247,650,000 247,650,000 247,650,000 247,650,000 2,768,691,582 - Revaluation reserve 4,248,271,218 4,248,271,218 558,125,384 558,125,384 4,806,396,602 4,247,934,447 2,768,691,582 33,805,493,252 31,129,819,882 Taka 10,969,433,607 10,969,433,607 - 11,599,419,720 11,599,419,720 - Balance as at 1 January 2020 Changes in accounting policy/ Prior year adjustments Restated balance Surplus/deficit on account of revaluation of properties Surplus/deficit on account of revaluation of investments Currency translation differences Net gains and losses not recognized in the income statement 629,986,113 11,599,419,720 11,186,984,454 11,599,419,720 11,599,419,720 Net profit for the period Issue of share capital/ Bonus share Transfer to Southeast Bank Staff Welfare Trust Appropriation made during the period Statutory reserve Balance as at 30 Sep 2020 Balance as at 30 Sep 2019
5. Southeast Bank Limited Balance Sheet As at 30 September 2020 Provisional and unaudited Note Sep 2020 Taka Dec 2019 Taka 3 ,485,694,800 3,664,640,436 16,344,965,986 19,830,660,786 18,954,911,247 22,619,551,683 3,605,682,538 2,594,325,315 5,568,594,836 1,762,989,139 6,200,007,853 2,407,806,344 7,331,583,975 4,739,531,100 83,059,078,754 11,889,691,285 94,948,770,039 62,409,764,654 12,074,625,437 74,484,390,091 300,393,360,087 17,993,298,604 318,386,658,691 8,967,492,350 13,024,769,514 463,766,165,577 277,020,101,321 17,995,011,999 295,015,113,320 8,754,955,398 9,485,465,483 422,430,591,050 10,200,000,000 14,633,451,120 24,833,451,120 10,200,000,000 13,701,399,879 23,901,399,879 69,630,967,539 3,666,195,213 35,337,076,965 255,176,776,113 363,811,015,830 48,807,799,671 4,095,294,208 30,416,845,985 246,477,520,709 329,797,460,573 PROPERTY AND ASSETS Cash In hand (including foreign currencies) Balance with Bangladesh Bank and its agent banks (including foreign currencies) 4.1 Balance with other banks and financial institutions In Bangladesh Outside Bangladesh 6 Money at call and on short notice Investments Government Others 7 9 Loans and advances/investments Loans, cash credit, overdrafts etc./investments Bills purchased and discounted 11 Fixed assets including premises, furniture and fixtures Other assets Non - banking assets Total assets 13 15 LIABILITIES AND CAPITAL Liabilities Borrowings from other banks, financial institutions and agents Subordinated bond Other borrowings 17 Deposits and other accounts Current/Al-wadeeah current accounts and other accounts Bills payable Savings bank/Mudaraba savings bank deposits Fixed deposits/Mudaraba fixed deposits 19 Other liabilities Total liabilities Capital/shareholders' equity Paid up capital Statutory reserve Revaluation reserve Other reserve Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 21 41,375,873,189 430,020,340,139 38,312,892,783 392,011,753,235 22.2 23 24 25 28 11,599,419,720 11,599,419,720 4,806,396,602 247,650,000 5,492,939,396 33,745,825,438 463,766,165,577 11,599,419,720 10,969,433,607 4,248,271,218 247,650,000 3,354,063,270 30,418,837,815 422,430,591,050 30.1 30.2 30.3 30.4 30.5 Total contingent liabilities 64,433,613,535 18,087,473,886 28,223,854,412 31,321,340,314 1,973,194,000 144,039,476,147 48,407,681,253 16,773,718,041 27,936,453,209 28,576,944,200 1,454,224,000 123,149,020,703 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 other commitments Total off-balance sheet items including contingent liabilities 144,039,476,147 123,149,020,703 OFF-BALANCE SHEET ITEMS Contingent liabilities Acceptances and endorsements Letters of guarantee Irrevocable letters of credit Bills for collection Other contingent liabilities Chairman Chief Financial Officer (Acting) Director Managing Director Company Secretary
6. Southeast Bank Limited Profit and Loss Account For the period ended 30 September 2020 Provisional and unaudited Note Interest income /profit on investments Interest paid/profit shared on deposits and borrowings etc. Net interest income/net profit on investments Investment income Commission, exchange and brokerage Other operating income 33 35 37 39 41 Total operating income (A) Salaries and allowances Rent, taxes, insurance, electricity, etc. Legal expenses Postage, stamp, telecommunication, etc. Stationery, printing, advertisements, etc. Managing Director's salary and fees Directors' fees Auditors' fees Depreciation and repair of bank's assets Other expenses Total operating expenses (B) Profit before provision (C=A-B) Provision for loans and advances/investments General provision Specific provision Provision for diminution in value of investments Other provisions Total provision (D) Total profit before taxation (C-D) Provision for taxation Current Deferred 43 45 47 49 50 52 55 57 21.7.1 21.5 Chairman Chief Financial Officer (Acting) July 01, 2020 to Sep 30, 2020 Taka July 01, 2019 to Sep 30, 2019 Taka 17,047,166,871 (15,432,680,587) 1,614,486,284 4,466,262,905 2,383,370,258 609,897,010 7,459,530,173 9,074,016,457 19,771,643,939 (16,251,729,299) 3,519,914,640 3,565,568,621 2,785,728,625 673,483,378 7,024,780,624 10,544,695,264 5,218,145,388 (4,872,772,794) 345,372,594 1,695,945,278 912,899,850 205,164,672 2,814,009,800 3,159,382,394 6,961,396,687 (5,768,177,016) 1,193,219,671 1,185,395,434 958,444,704 196,818,249 2,340,658,387 3,533,878,058 1,502,882,434 808,708,860 860,575 124,997,349 110,907,862 7,721,500 1,072,060 750,000 379,174,995 921,487,865 3,858,563,500 5,215,452,957 1,446,000,890 820,795,592 1,479,580 131,863,055 122,571,106 8,721,500 2,037,664 750,000 302,848,566 805,330,648 3,642,398,601 6,902,296,663 559,231,904 299,918,215 105,050 44,550,924 38,178,325 2,685,500 469,200 250,000 136,669,982 319,823,651 1,401,882,751 1,757,499,643 517,133,904 299,944,633 927,100 43,505,300 40,671,058 2,685,500 645,394 250,000 103,065,553 282,092,179 1,290,920,621 2,242,957,437 1,283,172,000 (241,372,000) 1,041,800,000 71,420,000 173,200,000 1,286,420,000 3,929,032,957 257,596,000 995,619,219 1,253,215,219 232,100,000 (47,173,000) 1,438,142,219 5,464,154,444 916,107,019 (83,809,188) 832,297,831 (470,380,000) 184,566,000 546,483,831 1,211,015,812 12,496,000 480,756,122 493,252,122 124,207,150 (2,073,000) 615,386,272 1,627,571,165 1,150,000,000 9,300,000 1,159,300,000 2,769,732,957 2,200,000,000 (7,500,000) 2,192,500,000 3,271,654,444 300,000,000 20,750,000 320,750,000 890,265,812 900,000,000 20,000,000 920,000,000 707,571,165 629,986,113 629,986,113 2,139,746,844 1,092,830,889 1,092,830,889 2,178,823,555 86,382,684 86,382,684 803,883,128 325,514,233 325,514,233 382,056,932 59 23 Retained surplus during the period Earnings per share (par value Taka 10) Jan 01, 2019 to Sep 30, 2019 Taka 21.1 Net profit after taxation Appropriations Statutory reserve Jan 01, 2020 to Sep 30, 2020 Taka 2.39 65 Director 2.82 0.77 0.61 Managing Director Company Secretary
7. Southeast Bank Limited Cash Flow Statement For the period ended 30 September 2020 Provisional and unaudited Jan 01 , 2020 to Sep 30, 2020 Taka Jan 01, 2019 to Sep 30, 2019 Taka Interest receipts in cash Interest payment Dividend receipts 39 Fees and commission receipts in cash Recoveries on Loans previously written-off Cash payments to employees Cash payments to suppliers Income taxes paid 61 Receipts from other operating activities 63 Payments for other operating activities Operating profit before changes in operating assets and liabilities (i) 17,563,012,905 (15,583,561,604) 125,466,709 2,383,370,258 263,897,102 (1,510,603,934) (108,233,450) (2,366,515,499) 609,897,010 (1,818,286,589) (441,557,092) 23,263,258,930 (13,418,311,120) 145,685,659 2,785,728,625 666,200,781 (1,454,722,390) (276,808,374) (1,629,460,250) 672,486,362 (1,859,800,458) 8,894,257,765 Increase (decrease) in operating assets and liabilities Sale of trading securities Purchase of trading securities Loans and advances to customers Other assets Deposits from other banks Deposits from customers Other liabilities Cash generated from (used in) operating assets and liabilities (ii) Net cash flows from operating activities (a=i+ii) 737,180,819 (859,108,596) (23,371,545,371) (392,335,073) 932,051,241 34,118,314,296 2,919,294,097 14,083,851,413 13,642,294,321 276,041,447 (895,969,625) (21,665,640,842) (89,210,141) (382,847,637) 29,958,801,688 622,398,585 7,823,573,474 16,717,831,239 25,771,979,214 (29,219,104,825) (475,163,955) 126,951 (3,922,162,616) 81,054,654,576 (81,648,743,319) (206,850,508) 3,188,557 (797,750,695) A. Cash flows from operating activities: Note B. Cash flows from investing activities: Proceeds from sale of securities Payments for purchase of securities Purchase of fixed assets Sale proceeds of fixed assets Cash generated from (used in) investing activities (b) C. Cash flows from financing activities: (42,458,564) (42,458,564) Receipts from issue of loan capital & debt security Payments for redemption of loan capital & debt security Dividends paid Payment against lease obligation Receipts from issue of ordinary shares Cash generated from (used in) financing activities (c) D. E. F. G. 9,677,673,141 (870,718) 48,252,038,214 57,928,840,637 15,920,080,544 4,873,050 36,646,884,258 52,571,837,852 4.1 3,485,694,800 4,179,797,850 4.1 6 7 9.1.1 9.1.1 16,344,965,986 6,200,007,853 2,407,806,344 29,485,619,054 4,746,600 57,928,840,637 18,489,837,153 6,726,731,069 4,498,970,000 18,671,734,580 4,767,200 52,571,837,852 Net increase (decrease) in cash and cash equivalents (a+b+c) Effects of exchange rate changes on cash and cash equivalents Cash and cash equivalents at beginning of the year Cash and cash equivalents at end of the period (D+E+F) Cash and cash equivalents at end of the year represents Cash in hand (including foreign currencies) Balance with Bangladesh Bank and its agent banks (including foreign currencies) Balance with other banks and financial institutions Money at call and on short notice Treasury bills Prize bond -
8. Particulars Balance as at 1 January 2020 Changes in accounting policy / prior year adjustments Restated balance Surplus/deficit on account of revaluation of properties Surplus/deficit on account of revaluation of investments Currency translation differences Net gains and losses not recognized in the income statement Net profit for the period Issue of share capital/ Bonus share Transfer to Southeast Bank Staff Welfare Trust Appropriation made during the period Statutory reserve Balance as at 30 Sep 2020 Balance as at 30 Sep 2019 Revaluation reserve Other reserves Retained earnings Total Provisional and unaudited Statutory reserve Taka Southeast Bank Limited Statement of Changes in Equity For the period ended 30 September 2020 Paid up capital Taka 30,418,837,815 30,418,837,815 Taka 3,354,063,270 3,354,063,270 558,125,384 (870,718) 557,254,666 Taka (870,718) (870,718) 247,650,000 247,650,000 - (629,986,113) 5,492,939,396 3,783,010,497 2,769,732,957 - 247,650,000 247,650,000 - Taka 4,248,271,218 4,248,271,218 558,125,384 558,125,384 - 4,806,396,602 4,247,934,447 2,769,732,957 33,745,825,438 31,064,999,118 Taka 10,969,433,607 10,969,433,607 - 11,599,419,720 11,599,419,720 - - 629,986,113 11,599,419,720 11,186,984,454 - 11,599,419,720 11,599,419,720
9. Southeast Bank Limited and its subsidiaries Notes to the Financial Statements As at and for the period ended 30 September 2020 Corporate profile and significant Accounting policies 1 . Reporting entity Southeast Bank Limited (the “Bank”) is a scheduled commercial bank in the private sector established under the Bank Companies Act, 1991 and incorporated in Bangladesh on March 12, 1995 as a public limited company to carry out banking business in Bangladesh. The registered office of the Bank is located at Eunoos Trade Centre 52-53, Dilkusha Commercial Area (Level 2,3 & 16), Dhaka-1000. The consolidated financial statements of the Bank as at and for the period ended on 30 September 2020 comprise the Bank and its subsidiaries (together referred to as the “Group” and individually as “Group entities”). 1.1 Change of accounting policy Accounting policies in these financial statements are same as those applied in its last annual financial statements of December 31, 2019. 1.2 Basis of consolidation The consolidated financial statements include the financial statements of Southeast Bank Limited and its three subsidiaries, Southeast Bank Capital Services Limited, Southeast Financial Services (UK) Limited, Southeast Exchange Company (South Africa) Pty Limited, for the period ended on September 30, 2020. 1.3 Earnings per share The Group and the Bank present basic earnings per share (EPS) data for its ordinary shares. Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the Group/ Bank by the weighted average number of ordinary shares outstanding during the period. 30 Sep 2020 Taka 31 Dec 2019 Taka 2 Consolidated Loans and advances/investments Loans, cash credit, overdrafts etc./investments Southeast Bank Limited Southeast Bank Capital Services Limited Bills purchased and discounted Southeast Bank Limited 300,393,360,087 1,800,757,669 302,194,117,756 277,020,101,321 1,737,849,955 278,757,951,276 17,993,298,604 17,993,298,604 320,187,416,360 17,995,011,999 17,995,011,999 296,752,963,275 69,630,967,539 78,360,381 69,709,327,920 27,230,919 69,682,097,001 48,807,799,671 75,754,716 48,883,554,387 622,941,348 48,260,613,039 3,666,195,213 3,666,195,213 4,095,294,208 4,095,294,208 35,337,076,965 35,337,076,965 30,416,845,985 30,416,845,985 255,176,776,113 495,000,000 254,681,776,113 363,367,145,292 246,477,520,709 246,477,520,709 329,250,273,941 3 Consolidated deposits and other accounts Current/Al-wadeeah current accounts and other accounts Southeast Bank Limited Southeast Bank Capital Services Limited Less: Inter company balance eliminated Bills payable Southeast Bank Limited Savings bank/Mudaraba savings bank deposits Southeast Bank Limited Fixed deposits/Mudaraba fixed deposits Southeast Bank Limited Less: Inter company balance eliminated
10. 4 30 Sep 2020 Taka Share Capital Authorised 1 ,500,000,000 Ordinary shares of Tk 10 each 31 Dec 2019 Taka 15,000,000,000 15,000,000,000 3,781,649,700 3,781,649,700 7,817,770,020 11,599,419,720 7,817,770,020 11,599,419,720 11,599,419,720 11,599,419,720 4,806,396,602 247,650,000 (17,249,868) 5,569,857,078 33,805,493,252 11,599,419,720 10,969,433,607 4,248,271,218 247,650,000 (8,779,606) 3,443,466,969 30,499,461,908 Issued, subscribed and paid up 378,164,970 ordinary shares of Tk 10 each issued for cash 781,777,002 ordinary shares of Tk 10 each issued as bonus shares 1,159,941,972 Shareholders' Equity Paid up capital Statutory reserve Revaluation reserve Other reserve Foreign currency translation reserve Retained earnings 5 Consolidated Earnings per share Net profit after tax for the period (Taka) Number of ordinary shares outstanding Earnings per share (EPS) (Taka)* Jan 01, 2020 to Sep 30, 2020 Taka Jan 01, 2019 to Sep 30, 2019 Taka July 01, 2020 to Sep 30, 2020 Taka July 01, 2019 to Sep 30, 2019 Taka 2,768,746,259 1,159,941,972 2.39 3,275,846,311 1,159,941,972 2.82 872,560,585 1,159,941,972 0.75 670,271,841 1,159,941,972 0.58 2,769,732,957 1,159,941,972 2.39 3,271,654,444 1,159,941,972 2.82 890,265,812 1,159,941,972 0.77 707,571,165 1,159,941,972 0.61 Earnings per share Net profit after tax for the period (Taka) Number of ordinary shares outstanding Earnings per share (EPS) (Taka)* * EPS decreased due to decrease in operating income for interest rate regulation and pandemic situation of COVID-19. 6 Consolidated Net Asset Value (NAV) per share Net Asset Value (NAV) Number of ordinary shares outstanding Net Asset Value (NAV) per share 30 Sep 2020 Taka 30 Sep 2019 Taka 33,805,493,252 1,159,941,972 29.14 31,129,819,882 1,159,941,972 26.84 33,745,825,438 1,159,941,972 29.09 31,064,999,118 1,159,941,972 26.78 13,597,157,159 1,159,941,972 11.72 16,752,149,523 1,159,941,972 14.44 13,642,294,321 1,159,941,972 11.76 16,717,831,239 1,159,941,972 14.41 Net Asset Value (NAV) per share Net Asset Value (NAV) Number of ordinary shares outstanding Net Asset Value (NAV) per share 7 Consolidated Net Operating Cash Flow per share Net Operating Cash Flow Number of ordinary shares outstanding Net Operating Cash Flow per share (NOCFPS)* Net Operating Cash Flow per share Net Operating Cash Flow Number of ordinary shares outstanding Net Operating Cash Flow per share (NOCFPS)* *Net operating cash flow per share (NOCFPS) decreased due to decrease of interest income significantly as compare to last year.
11. 8 Reconciliation of effective tax rate 30 Sep 2019 Taka % 3,929,032,957 Profit before taxation as per profit and loss account Income tax as per applicable tax rate Factors affecting the tax charge for current year Non deductible expenses Deductible expenses Tax exempt income Tax savings from reduced tax rates for dividend Tax savings for capital loss Change in taxable temporary difference Total income tax expenses 37.50% 1,473,387,359 26.15% -23.38% -9.84% -0.56% -0.60% 0.24% 29.51% 1,027,554,974 (918,729,318) (386,628,950) (21,956,674) (23,627,391) 9,300,000 1,159,300,000 9 Reconciliation of net profit with cash flows from operating activities Particulars 30 Sep 2020 Taka Profit before tax as per profit and loss accounts 3,929,032,957 5,464,154,444 Adjustment for non-cash items: Provision for loans and advances/investments Provision for diminution in value of investments Provision for off- balance sheet items Depreciation of property, plant and equipment Recoveries on Loans previously written-off Foreign exchange gain/(loss) Sale proceeds of the fixed assets 1,041,800,000 71,420,000 173,200,000 264,979,709 263,897,102 (870,718) 126,951 1,253,215,219 232,100,000 (47,173,000) 238,712,232 666,200,781 4,873,050 3,188,557 (23,371,545,371) (392,335,073) 932,051,241 34,118,314,296 (1,021,261,273) (2,366,515,499) 13,642,294,321 (21,665,640,842) (89,210,141) (382,847,637) 29,958,801,688 2,710,917,138 (1,629,460,250) 16,717,831,239 Increase/decrease in operating assets & liabilities: Loans and advances to customers Other operating assets Deposits from other banks Deposits from customers Others operating liabilities Income tax paid Net cash flows from operating activities 30 Sep 2019 Taka The Financial Statements of the bank for third Quarter (Q3) ended on September 30, 2020 are available in website. The address of the website is www.southeastbank.com.bd