Southeast Bank Limited: Consolidated Financial Statements - 30 September 2021

Transcription

1. Southeast Bank Limited and its Subsidiaries Consolidated Balance Sheet As at 30 September 2021 Provisional and unaudited Sep 2021 Taka Dec 2020 Taka 4 ,122,237,604 3,474,367,542 16,881,372,346 21,003,609,950 17,956,897,600 21,431,265,142 1,766,027,883 2,550,158,009 4,316,185,892 6,446,700,000 2,108,724,666 2,550,530,377 4,659,255,043 2,208,907,300 98,586,069,042 13,445,871,491 112,031,940,533 83,226,359,543 13,847,533,919 97,073,893,462 320,861,587,200 10,572,365,356 331,433,952,556 9,876,459,165 7,027,408,306 492,136,256,402 307,752,518,862 14,498,943,318 322,251,462,180 9,714,971,217 7,953,654,253 465,293,408,597 12,600,000,000 29,133,025,018 41,733,025,018 13,600,000,000 18,897,676,319 32,497,676,319 74,628,827,173 3,649,591,896 43,027,358,393 248,330,704,637 369,636,482,099 66,850,581,819 3,940,333,929 38,060,936,493 250,684,079,440 359,535,931,681 48,232,180,470 459,601,687,587 43,545,833,362 435,579,441,362 11,889,405,210 11,889,405,210 4,920,820,084 247,650,000 (7,240,994) 3,584,053,421 32,524,092,931 10,475,884 492,136,256,402 11,889,405,210 11,580,478,928 4,672,526,139 247,650,000 (1,919,103) 1,315,624,550 29,703,765,724 10,201,511 465,293,408,597 Contingent liabilities Acceptances and endorsements Letters of guarantee Irrevocable letters of credit Bills for collection Other contingent liabilities Total contingent liabilities 76,835,510,413 20,299,162,269 57,722,086,285 39,175,443,006 1,887,739,000 195,919,940,973 51,087,802,689 17,143,765,567 37,175,740,943 31,398,294,693 1,931,650,000 138,737,253,892 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 195,919,940,973 138,737,253,892 Note PROPERTY AND ASSETS Cash In hand (including foreign currencies) Balance with Bangladesh Bank and its agent banks (including foreign currencies) Balance with other banks and financial institutions In Bangladesh Outside Bangladesh Money at call and on short notice Investments Government Others 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 LIABILITIES AND CAPITAL Liabilities Borrowings from other banks, financial institutions and agents Subordinated bond Other borrowings 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 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 OFF-BALANCE SHEET ITEMS Sd/Chairman Sd/Chief Financial Officer (Acting) Sd/Director Sd/Managing Director Sd/Company Secretary
2. Southeast Bank Limited and its Subsidiaries Consolidated Profit and Loss Account For the period ended 30 September 2021 Provisional and unaudited Jan 01 , 2021 to Sep 30, 2021 Taka Jan 01, 2020 to Sep 30, 2020 Taka 13,946,774,585 (11,985,631,761) 1,961,142,824 4,764,061,040 2,712,071,943 794,368,108 8,270,501,091 10,231,643,915 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 3,899,700,344 (3,857,736,916) 41,963,428 1,586,853,146 936,704,696 226,955,538 2,750,513,380 2,792,476,808 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 1,533,211,392 654,958,188 543,340 133,104,416 120,038,694 7,721,500 2,159,903 750,000 674,142,351 1,025,832,598 4,152,462,382 6,079,181,533 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 5,230,834,792 558,052,947 228,855,910 281,115 48,918,466 45,417,864 2,685,500 607,903 250,000 237,973,408 398,775,455 1,521,818,568 1,270,658,240 566,094,122 301,074,420 105,050 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 (205,097,855) 928,910,888 723,813,033 18,314,855 636,763,214 1,378,891,102 4,700,290,431 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 23,100,000 222,689,451 245,789,451 351,301,195 597,090,646 673,567,594 916,107,019 (83,809,188) 832,297,831 (470,380,000) 184,566,000 546,483,831 1,198,192,800 Net profit after taxation 960,769,093 22,254,824 983,023,917 3,717,266,514 1,166,368,533 9,300,000 1,175,668,533 2,768,746,259 11,739,970 (17,004,656) (5,264,686) 678,832,280 304,882,215 20,750,000 325,632,215 872,560,585 Net profit after taxation attributable to: Equity holders' of the Bank Non-controlling interest Net profit after taxation 3,716,992,142 274,372 3,717,266,514 2,768,691,582 54,677 2,768,746,259 678,746,791 85,489 678,832,280 872,519,289 41,296 872,560,585 308,926,282 308,926,282 3,408,340,232 629,986,113 629,986,113 2,138,760,146 678,832,280 86,382,684 86,382,684 786,177,901 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 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 Retained surplus during the period Earnings per share (par value Taka 10) Sd/Chairman Sd/Chief Financial Officer (Acting) 5 Sd/Director 3.13 2.33 July 01, 2021 to Sep 30, 2021 Taka 0.57 July 01, 2020 to Sep 30, 2020 Taka 0.73 Sd/Managing Director Sd/Company Secretary
3. Southeast Bank Limited and its Subsidiaries Consolidated Cash Flow Statement For the period ended 30 September 2021 Provisional and unaudited Jan 01 , 2021 to Sep 30, 2021 Taka Jan 01, 2020 to Sep 30, 2020 Taka 19,021,998,323 (11,700,171,384) 78,166,118 2,712,071,943 339,276,512 (1,540,932,892) (123,218,928) (1,087,419,117) 1,478,379,122 (1,917,331,449) 7,260,818,248 16,888,846,176 (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) 1,310,978,049 (1,839,145,273) (49,078,938) 1,481,346,986 (1,662,241,900) (9,151,353,376) (213,328,411) 10,235,348,699 9,977,642,269 3,169,213,708 13,836,627,975 21,097,446,223 737,180,819 (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 27,235,076,675 (47,469,220,055) (468,493,020) 70,121,786 (20,632,514,614) 25,771,979,215 (29,219,104,825) (473,555,915) 126,951 (3,920,554,575) 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) (1,000,000,000) (1,188,940,521) (157,205,249) (2,346,145,770) (42,458,564) (42,458,564) 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) (1,881,214,161) (3,030,457) 44,563,332,749 42,679,088,130 9,634,144,020 (9,340,981) 48,392,991,767 58,017,794,805 4,122,237,604 3,485,850,430 16,881,372,346 4,316,185,892 6,446,700,000 10,906,055,988 6,536,300 42,679,088,130 16,344,965,986 6,288,806,391 2,407,806,344 29,485,619,054 4,746,600 58,017,794,805 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) 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) 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: D. E. F. G. Cash and cash equivalents at end of the period 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
4. Particulars Balance as at 1 January 2021 Changes in accounting policy / Prior year adjustments Restated balance Surplus/deficit on account of revaluation of properties Revaluation reserved transfer due to disposal of fixed assets Deffered tax liabilities transfer due to disposal of revalued fixed assets Revaluation reserved transfer due to disposal of fixed assets 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 Cash dividend Issue of share capital/ Bonus share Appropriation made during the period Statutory reserve Balance as at 30 September 2021 Balance as at 30 September 2020 Paid up capital Taka Retained earnings Provisional and unaudited Total Taka Total equity of the Group Other reserves Taka Taka - (5,321,892) (5,321,892) Non-controlling interest Taka Translation reserve 5,656,891 286,006,553 612,140 292,275,585 - - Taka Taka 29,703,765,725 29,703,765,725 - 3,717,266,515 (1,188,940,521) - - - 29,713,967,236 29,713,967,236 1,315,624,550 1,315,624,550 5,656,891 286,006,553 612,140 292,275,585 274,372 - 32,534,568,815 33,815,620,545 (7,240,994) (17,249,868) 10,201,511 10,201,511 (1,919,103) (1,919,103) 37,712,609 5,656,891 5,934,032 49,303,532 3,716,992,142 (1,188,940,521) - 10,475,884 10,127,293 247,650,000 247,650,000 3,716,992,142 (1,188,940,521) - 32,524,092,930 33,805,493,252 247,650,000 247,650,000 - (308,926,282) 3,584,053,421 5,569,857,078 Southeast Bank Limited and its Subsidiaries Consolidated Statement of Changes in Equity For the period ended 30 September 2021 Statutory reserve Taka Revaluation reserve 4,920,820,084 4,806,396,602 - (37,712,609) 5,656,891 (5,656,891) 286,006,553 248,293,944 4,672,526,139 4,672,526,139 Taka - 11,580,478,928 11,580,478,928 - - 11,889,405,210 11,889,405,210 - 308,926,282 11,889,405,210 11,599,419,720 11,889,405,210 11,599,419,720
5. Southeast Bank Limited Balance Sheet As at 30 September 2021 Provisional and unaudited Sep 2021 Taka Dec 2020 Taka PROPERTY AND ASSETS Cash In hand (including foreign currencies) Balance with Bangladesh Bank and its agent banks (including foreign currencies) 4,121,653,507 3,474,365,889 16,881,372,346 21,003,025,853 17,956,897,600 21,431,263,489 1,766,027,883 2,435,904,178 2,108,724,666 2,427,007,183 4,201,932,061 6,446,700,000 4,535,731,849 2,208,907,300 98,586,069,042 10,365,478,150 108,951,547,192 83,226,359,543 10,957,893,063 94,184,252,606 318,474,062,791 10,572,365,356 329,046,428,147 9,354,561,800 12,354,467,220 491,358,662,273 305,869,215,552 14,498,943,318 320,368,158,870 9,182,672,927 13,171,388,605 465,082,375,646 12,600,000,000 29,133,025,018 41,733,025,018 13,600,000,000 18,897,676,319 32,497,676,319 74,541,350,490 3,649,591,896 43,027,358,393 248,390,704,637 369,609,005,416 66,764,534,952 3,940,333,929 38,060,936,493 251,134,079,440 359,899,884,814 47,793,315,789 459,135,346,223 43,104,754,236 435,502,315,369 11,889,405,210 11,889,405,210 4,920,820,084 247,650,000 3,276,035,546 32,223,316,050 491,358,662,273 11,889,405,210 11,580,478,928 4,672,526,139 247,650,000 1,190,000,000 29,580,060,277 465,082,375,646 Total contingent liabilities 76,835,510,413 20,299,162,269 57,722,086,285 39,175,443,006 1,887,739,000 195,919,940,973 51,087,802,689 17,143,765,567 37,175,740,943 31,398,294,693 1,931,650,000 138,737,253,892 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 195,919,940,973 138,737,253,892 Balance with other banks and financial institutions In Bangladesh Outside Bangladesh Money at call and on short notice Investments Government Others Loans and advances/investments Loans, cash credit, overdrafts etc./investments Bills purchased and discounted Fixed assets including premises, furniture and fixtures Other assets Non - banking assets Total assets LIABILITIES AND CAPITAL Liabilities Borrowings from other banks, financial institutions and agents Subordinated bond Other borrowings 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 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 OFF-BALANCE SHEET ITEMS Contingent liabilities Acceptances and endorsements Letters of guarantee Irrevocable letters of credit Bills for collection Other contingent liabilities Sd/Chairman Sd/Chief Financial Officer (Acting) Sd/Director Sd/Managing Director Sd/Company Secretary
6. Southeast Bank Limited Profit and Loss Account For the period ended 30 September 2021 Provisional and unaudited 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 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 Net profit after taxation Appropriations Statutory reserve Retained surplus during the period Earnings per share (par value Taka 10) Sd/Chairman Sd/Chief Financial Officer (Acting) Jan 01, 2021 to Sep 30, 2021 Jan 01, 2020 to Sep 30, 2020 July 01, 2021 to Sep 30, 2021 July 01, 2020 to Sep 30, 2020 Taka Taka Taka Taka 13,919,214,458 (12,002,196,437) 1,917,018,021 4,624,117,765 2,646,493,541 755,081,443 8,025,692,749 9,942,710,770 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 3,888,181,412 (3,861,371,360) 26,810,052 1,544,230,860 917,279,321 211,592,622 2,673,102,803 2,699,912,855 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 1,507,399,363 650,250,538 543,340 132,702,757 118,783,001 7,721,500 1,999,903 750,000 652,943,142 1,002,484,710 4,075,578,254 5,867,132,516 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 5,215,452,957 548,244,340 229,334,129 281,115 48,794,651 45,068,326 2,685,500 575,903 250,000 230,364,958 390,113,226 1,495,712,148 1,204,200,707 559,231,904 299,918,215 105,050 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 (205,097,855) 928,910,888 723,813,033 18,314,855 636,763,214 1,378,891,102 4,488,241,414 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 23,100,000 222,689,451 245,789,451 351,301,195 597,090,646 607,110,061 916,107,019 (83,809,188) 832,297,831 (470,380,000) 184,566,000 546,483,831 1,211,015,812 927,745,176 22,254,824 950,000,000 3,538,241,414 1,150,000,000 9,300,000 1,159,300,000 2,769,732,957 (554,824) (17,004,656) (17,559,480) 624,669,541 300,000,000 20,750,000 320,750,000 890,265,812 308,926,282 308,926,282 3,229,315,132 629,986,113 629,986,113 2,139,746,844 624,669,541 86,382,684 86,382,684 803,883,128 2.98 Sd/Director 2.33 0.53 0.75 Sd/Managing Director Sd/Company Secretary
7. Southeast Bank Limited Cash Flow Statement For the period ended 30 September 2021 Provisional and unaudited Jan 01 , 2021 to Sep 30, 2021 Taka Jan 01, 2020 to Sep 30, 2020 Taka 18,994,438,196 (11,596,831,743) 48,881,807 2,646,493,541 339,276,512 (1,515,120,863) (123,820,238) (1,101,576,763) 1,439,092,456 (1,898,944,147) 7,231,888,758 16,875,202,919 (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) 1,297,706,996 (1,818,286,589) (441,557,092) 1,481,346,986 (1,573,761,900) (8,678,269,277) (322,462,567) 10,235,348,699 9,586,212,453 3,132,201,903 13,860,616,297 21,092,505,055 737,180,819 (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 27,235,076,675 (47,469,220,055) (460,186,826) 70,121,786 (20,624,208,420) 25,771,979,214 (29,219,104,825) (475,163,955) 126,951 (3,922,162,616) Payments for redemption of loan capital & debt security Dividends paid Payment against lease obligation Cash generated from (used in) financing activities (c) (1,000,000,000) (1,188,940,521) (157,205,249) (2,346,145,770) (42,458,564) (42,458,564) 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) (1,877,849,135) 2,291,435 44,439,807,902 42,564,250,202 9,677,673,141 (870,718) 48,252,038,214 57,928,840,637 4,121,653,507 3,485,694,800 16,881,372,346 4,201,932,061 6,446,700,000 10,906,055,988 6,536,300 42,564,250,202 16,344,965,986 6,200,007,853 2,407,806,344 29,485,619,054 4,746,600 57,928,840,637 A. Cash flows from operating activities: Interest receipts in cash Interest payment 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) 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) 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: D. E. F. G. Cash and cash equivalents at end of the period 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 2021 Changes in accounting policy / prior year adjustments Restated balance Surplus/deficit on account of revaluation of properties Revaluation reserved transfer due to disposal of fixed assets Deffered tax liabilities transfer due to disposal of revalued fixed assets Revaluation reserved transfer due to disposal of fixed assets 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 Cash dividend Issue of share capital/ Bonus share Appropriation made during the period Statutory reserve Balance as at 30 September 2021 Balance as at 30 September 2020 Revaluation reserve Other reserves Retained earnings Total Provisional and unaudited Statutory reserve Southeast Bank Limited Statement of Changes in Equity For the period ended 30 September 2021 Paid up capital Taka 29,580,060,277 29,580,060,277 Taka 1,190,000,000 1,190,000,000 5,656,891 286,006,553 2,291,435 293,954,879 Taka 37,712,609 5,656,891 2,291,435 45,660,935 3,538,241,414 (1,188,940,521) - Taka - 3,538,241,414 (1,188,940,521) - 247,650,000 247,650,000 - 247,650,000 247,650,000 32,223,316,050 33,745,825,438 Taka 4,672,526,139 4,672,526,139 (37,712,609) 5,656,891 (5,656,891) 286,006,553 248,293,944 4,920,820,084 4,806,396,602 (308,926,282) 3,276,035,546 5,492,939,396 Taka 11,580,478,928 11,580,478,928 - 11,889,405,210 11,889,405,210 - 308,926,282 11,889,405,210 11,599,419,720 11,889,405,210 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 2021 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 September 30, 2021 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, 2020. 1.2 Basis of consolidation The consolidated financial statements include the financial statements of Southeast Bank Limited and its two subsidiaries, Southeast Bank Capital Services Limited and Southeast Exchange Company (South Africa) Pty Limited, for the period ended on September 30, 2021. 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 2021 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 3 31 Dec 2020 Taka 318,474,062,791 2,387,524,409 320,861,587,200 305,869,215,552 1,883,303,310 307,752,518,862 10,572,365,356 10,572,365,356 331,433,952,556 14,498,943,318 14,498,943,318 322,251,462,180 74,541,350,490 135,234,186 74,676,584,676 47,757,503 74,628,827,173 66,764,534,952 110,261,276 66,874,796,228 24,214,410 66,850,581,819 3,649,591,896 3,649,591,896 3,940,333,929 3,940,333,929 43,027,358,393 43,027,358,393 38,060,936,493 38,060,936,493 248,390,704,637 60,000,000 248,330,704,637 369,636,482,100 251,134,079,440 450,000,000 250,684,079,440 359,535,931,681 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 2021 Taka Share Capital Authorised 1 ,500,000,000 Ordinary shares of Tk 10 each 31 Dec 2020 Taka 15,000,000,000 15,000,000,000 3,781,649,700 3,781,649,700 8,107,755,510 11,889,405,210 8,107,755,510 11,889,405,210 11,889,405,210 11,889,405,210 4,920,820,084 247,650,000 (7,240,994) 3,584,053,421 32,524,092,931 11,889,405,210 11,580,478,928 4,672,526,139 247,650,000 (1,919,103) 1,315,624,550 29,703,765,724 Issued, subscribed and paid up 378,164,970 ordinary shares of Tk 10 each issued for cash 810,775,551 ordinary shares of Tk 10 each issued as bonus shares 1,188,940,521 Shareholders' Equity Paid up capital Statutory reserve Revaluation reserve Other reserve Foreign currency translation reserve Retained earnings Summary of unclaimed dividends Unclaimed dividend as on 30 September 2021 was an amount of BDT 21,293,813 against 9,789 nos. of shareholders. 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, 2021 to Sep 30, 2021 Taka Jan 01, 2020 to Sep 30, 2020 Taka July 01, 2021 to Sep 30, 2021 Taka July 01, 2020 to Sep 30, 2020 Taka 3,717,266,514 1,188,940,521 3.13 2,768,746,259 1,188,940,521 2.33 678,832,280 1,188,940,521 0.57 872,560,585 1,188,940,521 0.73 3,538,241,414 1,188,940,521 2.98 2,769,732,957 1,188,940,521 2.33 624,669,541 1,188,940,521 0.53 890,265,812 1,188,940,521 0.75 Earnings per share Net profit after tax for the period (Taka) Number of ordinary shares outstanding Earnings per share (EPS) (Taka)* *Earnings per share has been calculated in accordance with IAS 33: Earnings Per Share (EPS). Previous year's figures have been restated for the issue of bonus shares during the year. EPS increased due to increase of net interest income as well as operating income as compared to the previous period. 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 2021 Taka 30 Sep 2020 Taka 32,524,092,931 1,188,940,521 27.36 33,805,493,252 1,159,941,972 29.14 32,223,316,050 1,188,940,521 27.10 33,745,825,438 1,159,941,972 29.09 21,097,446,223 1,188,940,521 17.74 13,597,157,159 1,159,941,972 11.72 21,092,505,055 1,188,940,521 17.74 13,642,294,321 1,159,941,972 11.76 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) increased due to increase in receipts of net interest and fees & commission income as compare to the last year.
11. 8 Reconciliation of effective tax rate 30 Sep 2021 Taka % 4,488,241,414 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 9 37.50% 9.12% -19.63% -5.07% -0.19% -1.06% 0.50% 21.17% 1,683,090,530 409,492,667 (881,131,488) (227,452,437) (8,554,316) (47,699,780) 22,254,824 950,000,000 Reconciliation of net profit with cash flows from operating activities Particulars Profit before tax as per profit and loss accounts 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 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 2021 Taka 4,488,241,414 723,813,033 18,314,855 460,080,800 343,822,852 339,276,512 2,291,435 70,121,786 (8,678,269,277) (322,462,567) 10,235,348,699 9,586,212,453 4,927,289,823 (1,101,576,763) 21,092,505,055 30 Sep 2020 Taka 3,929,032,957 1,041,800,000 71,420,000 173,200,000 264,979,709 263,897,102 (870,718) 126,951 (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 The Financial Statements of the bank for period ended on September 30, 2021 are available in website. The address of the website is www.southeastbank.com.bd