Southeast Bank Limited: Consolidated Financial Statements - 31 March 2020

Transcription

1. . Southeart Bank Llmlt d end lt! SubGidiarlos Conlolld.ted Belance Sheat as at 3l March 2020 Provisional and unaudited a NotG Mar2020 Dec 2019 T.ka Taka PROPERIY AND ASSETS C13h ln hand (induding foreign cunencies) 3,806,992,296 3,664,880,130 Balanca with Bangladssh Bank end iE agsnt banks Brlance wlth oftcr bank3 .nd fln.nclrl lndltudon3 ln Bangladesh OutsidE Bangladesh t7 r'34 d5, am 4A 21,21tt,O$,eo1 22,619,791,377 1 't7 3,283,035,827 e 674 onl 5.568,594,836 I ma 7n oon fi,959,490,828 1,r60,6s3,050 7,172,297,8t1 4,730,63r,r00 '55 iloncy rt c.ll .nd on short nodc. O(t Al lnveEtment3 Govemmsnt 59.588.383.352 Others 14757 22tSAO 14gOAr77 C16 70,345,60E,202 n310,0/.2,570 Loant and advance3rlnvs3tments 62,4A9,764,654 2 Loans, cash credit, ovsrdrafrs etc./investments Bills purchased and discountsd Fhcd rsset3 lncludlng prcmlsca, tumltura rnd tlrhrrus Olher .3seta Non-banklng .3set3 Total aa3et8 283,065,248,528 re eoe 292 666 278,757,W1,276 302,974641,194 29$,752,96t,276 9,33s,050,0t5 4$44,4;N,422 17005011oqo 9,428,639,796 4698,795,076 _ a2E.?06.ail.W 122,312,711,993 rrrIrilr7TyIllirfffiirl U.bllltlGs Eo]"owlngs trom o0rer brnk3, tlnlncl.l lmUhrtlon! .nd .g!trt3 Subordinaled bond 10,200,000,000 Othsr bonodngs 17'197n 5* 10.200,000.000 1? 7n1 aOq n7A 27,119,702,696 23,901,3t9,879 54,933,096,709 48,260,613.039 Depot]ts and other accountr CunsnuAl-wadeaah curent accounts and othsr accounts 3 Bills psyable Savings banuMudaraba savings bank deposit8 Fixed deposits^rudaraba fxed deposits 2,843.722,155 4,095,294,208 30.725.U5.707 30,416,845,985 ,AA A77 A'N 7O9 t29,2f,o,273,911 326,258,091,791 Othe, llablllge3 /o,175,303,023 Tot l llrblllder 394,05r,097,410 38.651.5t 6.6{8 391,803,'180,'168 I C.pltrusharcholdeE equlty Paid up capital I 1,599,4r9,720 11,599,4',t9,720 Statutory reserve Revaluation reservo 11,277,136,*5 10,969,433,607 4,278,737,478 4,248,271,218 247,650,000 (8,779,606) 247,650,000 (22,378,564) Other rssorve For€ign cun3ncy translauon rEservs Ar3 605 3.4rt3.2t66.969 31,6/4a,378,604 30i99,461,908 10,078,828 a25.706.554.&O 10,072,417 122,312.711,993 4 263 Retainsd eamings Tot l sh.rcholdeE egulty Non{ontrolllng interc3t Total ll.bllltles.nd 3hrrchold.E'.qulty OFF-AALANCE SHEET ]TEMS Contlngent ll.bllltlea Accsptances and endorssmontg Lettsrs of guarantee 63,656,270,919 15,557,172,402 48.407,661,253 16,773.718.U1 41,977,701,36 Bills for collection 31,767,086,345 27,936,453,209 28,576,944,200 1 Asa ?16 00rl 2 012.239-OOO 155.n0.170,022 Othor contingenl liabilities Total colrtlngent llrbllltle3 123,149,020,703 othercommlhents Oocumenlary credits and thott tErm trade-relatsd transadions Fomard assets purchasod and fonvarl depGits Placed Undravun note issuance and r€volving undgrwriting tacilities UndEm iormal standby facilitgs, cradit lines snd other commitrnents Totrl othet commlunonts Tot l olt-b.l.nce 3heet ltems lncludlng conflngcnt ll.bllltle3 # $6.no.$o.o22 , |rStil,*l*- td'"e*T]]EHT.II Chlrf Fln.nclal OfRcsr (Acdng) Managing Dlrcctor Secretary
2. Southeast Bank Limited and lb Subsldiaries Consolidated Profit and Loss Account for the period ended 31 March 2020 Provisional and unaudited Mat2O20 Taka Note lnterest income /profit on investments lnterest paid/profit shared on deposits and bonowings etc. Net interest incomornot profit on lnveetments lnvestment income Commission, exchange and brokerage Other operating income 6,107,858,351 (5.065.S16.817) 1,349,534,0't3 871,778,070 1,215,467 ,146 2,40,127,441 2,315,148,148 3,357,089,68,| 3,547,206,194 Salaries and allowances Rent, taxes, insurance, eleclricity, etc. Legal expenses Postage, stamp, telecommunication, etc. Stationery, printing, advertisements, etc. Managing Director's salary and fees 468,537,546 257,947,675 753,525 46,309,902 47,173,907 2,350,500 616,095 126,029,161 325.097.783 1,274,816,094 2,272,390,100 Depreciation and repair Other expenses Total operatlng expenses (B) Profit before provislon (C=A-B) Taka 6,626,352,426 (5.519.273.673) Total operating income (A) Directors'fees Mar2019 Provision for loans and advances;/investments General provision Specific provision 893,956,518 460,703,305 253,094,844 291,055 45J05,740 42,630,687 2,350,500 542,753 102,055,187 272,431.581 1, 2,177,884,029 162,954,000 466.056.782 629,010,782 350,000,000 117.250.000 1,096,260,782 1,081,623,247 43,804,000 fi44.O92.727\ 1100,288,7271 546,600,000 274.776.000 Provision for diminution in value of investments Other provisions Total provislon (D) Total profit before taxation (E=C-D) 1.551.302,827 Provision for taxation 591,508,570 (8.900.000) 431,948,103 (22.100.000) Cunent Defened 409,848,{03 _LM,454,7 Net profit after taxatlon A_ 582,608,570 _499,U 4,6ry_ Nst profit after taxation attributable to: Equity holders' of the Bank Non-controlling interest Net profit after taxation 1 ,448,515 Appropriations 307.702.758 307,702,758 833.751.966 Statutory reserve Retained surplus during the period 211,381,761 211,381,741 287,632,916 5 Earnings per share (par value Taka l0) l{t,44r* Director Managing Rfol-^^ Secretary Chief Financial Officer (Actlng) 2
3. Southe .st Bank Llmlt d and itr Subsldlarles Comolldated Cash Flow Statement for the period ended 3'l March 2020 Provisional and unaudited A. Cash llorIYs from opgratlng Mat 2O2O Mar 2019 Taka Taka actlvlttB: lnlerast receipts in cesh 7,7O7,7A333O 7,176,423,U7 lnterest payments Divldend receipts FeeB and commission r€cslpE in ca3h Recoveri$ on loans prsviously writbn-off Cash payments lo omployees Cash paymenls to suppli€rs lncom€ la)($ paid Receiots ,rom other operaling activltles Paymenk for other oporeting activities (4,549,062,402' 6,132,546 (4,093,603,696) OFratlng prcflt bofon changes ln opor.tlng asrets and llab ue3 (t) 2, 87',t,77A,070 98,'154,727 (470,888,046) (56,137,367) (6so,249,422) 218,A12ps8 5, ,353 6,268,059 893,956,518 200,143,218 (463,053,805) (40,63s,808) (603,381,834) 205,723,8U 605,617.223\ 2,776,222,360 lncrraso (decr"asel ln operaung a$ets and llablltlos Sale of trading securltles Purchaso of trading securitios Loans and advances to customsts Other asssE Deposits trom other banks OeposiE trom customorg Other liabilities 35,74 (335,810,537) (6,221,577,919) (.100,423,588) 3,5',t8,302,7 17 (4,020,008,107) '| Cash generated frcm (used ln) opora$no as3ets and llaulltler (ll) Not calh flow3 trom oporatlng acttvltl€a (a=l+ll) B. Cash 18 7 13,277 ,1333741 237,085,518 (257,250,607) (9,267,835, 6) (108,259,815) (720,994,687) 10.468.439.269 153,198,951 504,383,583 9it3 iows from lnwrtlng actlvltlea: Proceeds ftom sale of s€curitiss Payrnents for purchass of sEcuritios Purchass o, fixed assgls Sal€ of fix€d a$€ts Caah gsneratsd from (u3od lo) lnvsstlng acovlu€8 (b) C. Cash llot vs 11,883,206,731 (13,063,490,052) (179,395,352) 20,285,'147,483 (20,407,578,095) (41,956,567) 600 from llnanclng actlvltlo3: Receipts from Esue of loan capital & d€bt sacurity Payments for redemption ot loan capital & debt security Divftrends paid Payment against l€ase obligation Recelpts from issue ofodinary 3har6s Cash g6no6tod lrom (l|3ed in) flmncing acb'vltio3 (c) (10,481,U4) D. et lncroas€ (dscEa3a) ln cash end calh oqulvslonts (a+b+c) ratB changsa on cash and caah equlval€nts F. Carh and cash squivalon6 at b€glnnlng of tho ysar G. Cash and cash equlvalenB at end of the pedod (D+E+F) E. Effacb of exchango Cash and cash equlvalenB at end of the pe od rrp]l3entt Cash in hand (including foreign currencles) Ealance with Sangladesh Bank and its agent banks (including foreign curr6ncies) Balance with other banh end linancial institutions Money at call and on short notic€ Treasury bills Priz6 bond (4,647,293,416',t 14,139,384 3,120,219,364 (1,513,854) 48.392,991,767 43, 759.837,735 39,942'3q3i4q 3,806,992,296 17,433,054,308 11,959,490,828 1, t60,533,050 9,391,809,753 7 7 500 759.837.735 3 ,a23,677,730 3,762, ,317 17.827.171,758 11,558,260.152 3,835,050,000 2,954,378,214 115
4. Prir .3 rt I J.nurry 2020 ln on accoqrt ol ravdualbn prope Tru8t eE ln tha lmoma aEtemant d lnveslrn€rG on account o[ etrabafion of ?5r1,: r!T|ti"l SuplB/defdt Y€t t'al3hton dill€r€0ce6 rd bata not p.ofr foa lhe Esue 3l f.rch 20i9 M.rch 2020 d sheB capllau Bonus sial€ to souihest Bank slsr l i€rd€ m.(b du,lng th. Pedod T+Ii'lTl dt la.t3't .. P.ld up c.pltrl Southe.3t Bank Llmlted and lt3 gub6idl.ri6 for the pedod ended 31 March 2020 4.248.271.21A IT[] (8,779,606) T:I Ro'lalnad aaminga Totrl t'lon.contttlllng lnt Tot l .qutty oflhe G.oup Tr.nalalion rl.t Ravaluatlon 10.96S.a33,€O7 aaltn $,500.534.525 Olh.t Con.olid.t€d SLton.nt o, Chang6 in Equlty li!.rvr 10,072,41? ,599.41S,720 fl-f?l S'iatutory $,490.441.908 t 3.,{,t3.166.96S 7 21t7,6Cr0,(m $,49e.451.908 30,466,2€O 4,24a.271.214 't 30,466,260 1,111,1U,,7i24 30,466,260 6,2@ t8l I 1 1.141.4,t8.515 1,141,,|4a,515 181 g*rrfiitil 10.s64.83.m7 iE;l 720 307 11 11 II
5. Southeest B .nk Llmlted Balanco Sho.t as at 31 March 2020 Provisional and unaudited Mar2020 Taka Dec2019 Taka PROPERTY AND ASSETS C!sh ln hand (including foreign cumencles) 3,806,847,666 Balance with Bangla&sh Bank and lts agent benks (including foroign anronciss) 3,6621,6.10,436 qat )t7 t7 433 054 30e 1A 21,239,901,974 22,019,551,663 a1 1 Bal.nce with other banl3 lnd llnanclal lnrtitutlonr ln Bangladosh 3,2E3,035,E27 outside Bangladesh 8.*16.116.262 11,809,'082,089 Money at csll end on short notlce 1,100,533,050 5,568,594,836 't.762.989.139 7,331,tE3,975 4,739,53t,100 lnv$tmont! Govemment 59,588,383,352 OtherB 1t9t67q7344 62,409,704,6s4 1) n7/l 625 ia1 71,505,180,696 74,/44390,091 Loan3 aM advancedlnve3tments Loans, cash credit, overdrans etc./inv$tments Bills purchased and discounted Flxed assets lncludlng p'lmFer, fumltrre lnd frrturet Othera$ot3 Non - banking r33etg Totrl asset3 281,314,091,095 is Eog 292 666 277,020,101,321 301,223,t8t,761 8,858,288,7U 295,0r5,1 13,320 9,995,034,713 9,t185,'005,t183 425.851.tO5.007 17 995 0r I SSS 8,754,955,398 lr2 Lltt 89{ i3n LIABILITES AND CAPITAL Liabilitie3 BonDwings frcm otter banh, ,lnanclrl lnsuhrtlons rnd rgont! Subordinated bond Other bonol ,ings Oepo3it3 and otller accounts CunenuAl{adeeah current aocounts and olher accounts Bills payable Savings banldMudaraba savings benk deposits Fix6d deposits/Mudaraba fxed deposils Othet llabllltle! Total llabllltles Capitau8hrrsholdeB equity Paid up capital 10,200,000,000 17.219.702.596 10,200,000,000 27,119,702,596 23,90r,399,879 48,807,799,671 30,416,845,985 ,aA i77 5rO ?iQ 926,774,177,128 329,797,460,573 'o.075.206.696 4,@5,294,208 38.312.892.7E3 392,011,753,235 I 1,599,419,720 11,599,419,720 11,277 J3A365 10,909,433,607 4.278.737.478 247,650,000 a.179.111.727 Revalualion rcsele Other r€seNe Retained eamings Total shar€holdeE' aquity Totrl lilbilities and shlmholde]3 equlty R7q 55,451,482,U4 2,943,722,155 30,725,3/.5,707 237.6f,t.927.'t90 39,0,209,446,716 Statutory r€serve r? 70t ioq !r,6E2,35E,289 /025.651.E05.007 4,248,271,218 247,650,0(x) :l 15t 063 270 30,/018,837,E15 '122.430,591,050 OFF.BALANCE SHEET ITEMS Contingent liabllltle3 63,656,270,9r9 15,857,172,402 41.977.701,356 31,767,086,345 Acceptances and endorsements Letters of guarante€ lnevocable leters of credl Bills for colleclion Other contingent liabililies 2'J12.239.m 155.270.170,022 Totrl contlngont liabllltle. 48,407,681,253 16,773,718,041 27,936,453,209 28,576,944,200 1 Gn rra nnn 123,'149,020,703 Otior commltment3 Documenlary qBdits and short t€rm traderelabd transactions Forward ass€ts purcrrased and brwa;d deposiB placsd Undrawn note issuance and rcvolving undeMtiting fadlites Undraurn formal standby facilltbs, credit llnes and olher commiltnonB Total otier commltment3 Total ofi-brlrnco sheot ltems lncludlng conungont lhbllltlea 163,n0,4,0,022 M Ft'aat- Dlr€ctor Ad* Sgcret8ry Chle, Financl.l Offlco; (Actlngl 5
6. Southeast Bank Limited Profit and Loss Account for the period ended 31 March 2020 Provisional and unaudited lnterest income /profit on investments lnterest paid/profit shared on deposits and borrowings etc. Net interest income/net profit on anvestments lnvestment income Commission, exchange and brokerage Other operating income Mar2O2O Mar 2019 Taka Taka 917 1,343,712,746 856,547,745 21 1,207,238,581 859,675,365 083 Total operating income (A) 3,508,924,340 3,299,063,096 Salaries and allowances Rent, taxes, insurance, electricity, etc. Legal expenses Postage, stamp, telecommunication, etc. Stationery, printing, advertisements, etc. Managing Directo/s salary and fees Directors'fees Depreciation and repair of bank's assets Other expenses 462,270,666 252,794,396 753,525 46,188,943 46,807,368 2,3s0,500 560,095 119,320,712 318.277.073 1,2/,9,323,279 2,259,601,062 452,067,835 247,790,429 29't,055 44,895,054 42,049,453 2,350,500 486,753 Total operating expenses (B) Profit before provision (C=A-B) 94,503,1 20 0 1 1 Provision for loans and advances/investments 162,954,000 General provision Specific provision 782 629,01 0, 546,600,000 000 Provision for diminution in value of investments Other provisions Total provision (D) Total profit before taxation (C-D) Provision for taxation Current Deferred 350,000,000 782 1 428,1 Net profit after taxation Appropriations re?Tlssl Statutory reserve 307,702,758 _924,91Lg1_ Retained surplus during the period 0.98 Earnings pershare (parvalue Taka l0) 0.41 fu)-r'' \&4,"' Director A*M, pany Secretary Chief Financial Officer (Acting) 6
7. Southeast Bank Limlted Cash Flow Stetament for the p6riod ended 31 March 2020 Provisional and unaudibd A , Cash flowB ftom operating ita.2020 .coylo.s: 7,703,343,952 (4,442,112,300) 2,966,(N9 Operating prcfit beforc chengca in op€radng 833st3 end lieb ld.s (i) 2,733,821A18 lnclDase (decrsase) ln 7,170,654,08 (4,068,399,003) 3,4',17,722 4fi,547,745 98,1 859,675,365 200,143,218 (454,418,335) ,727 (464,621,166) (56,1 93,442) (524,285,619) 2',t2,665,224 (652,643,751) (4O,O54,5741 (59s,050,704) 195,386,483 207 293 2,776, op.t"ting alaetB .nd liabilities Purchase of trading securitie3 Loans and advances to cuatomets Oh6r gssets Deposits from othgr banks Deposits from customors Other liabiliti6s Cash gonerabd from (usod in) opeatino essots and llabiliftes (ii) Net ca3h llov€ frcm operating actlyltle3 (a=i+ii) 35,747,487 (335,810,537) (6,2O8,270,441) (357,582,9121 3,518,302,717 (4,048,809,103) 1,253.208,536 16,113,214,25/1 (3.409 ,392,836) 237,085,s18 (257,250,607) (9,481,074,639) (95,327,672) (710,420,598) 10,631,146,626 175 399 918 499,558,545 3,27s,70s,512 Cash flow! from invesdng actvlda3: Proceeds from sale of securiti€s Payments for purchaso of securitig8 Purchaso of fix€d asssb Sal6 of fixsd esseb 12,0A3,206,731 (r3,063,490,062) (182,736,761) Cmh genorated frcm (uaed in) lnve3dng .ctlvlties (b) C. 2019 Teka lnterost r€ceipb in cash lntor€st payment Dividend r€c€ipb Fees and @mmis8ion receipts in cash REcoveries on Loans previously wdtEn-off Cash paym€nts to employees Cash payments to suppliers lncoms taxes paid ReceipE from other operating activities Payments for othor operating aclivitieg Sale of trading securiti€s B. ilar Taka 20,289,',t47,483 (20,407,578,095) (41,934,923) 600 (1,163,020,093) fi60 .36,t.9351 Cash tlowB trom financing activltlG: RscEipts from issue of loan capital & debt security Payments for redemption of loan capital & dabt socurity Dividends paid Payment against lease obligalion Receipts fmm issue of ordinary shares Ca3h g.neated from (used ln) financlne actlvltles (c) ('10,481,344t 1 D. Nst incroa8e (decEase) ln ca3h and cash equlvalent! (a+b+c) E. EfiscB ot exchanga rab changar on cash and cash equlvalents F. G. Cash ard cash oquivalenE at bsginning of the yea, Cash and cash equivalent3 ,t end ot fia patiod (D+E+F) Cash and caEh equival.nb at end of tlro period lrplrtentt Cash in hand (including foreign cungnci63) Balance wih Banglad$h Bank and its agent banks (including foroign cunencies) Balancs with othBr banks and financial institutions Mon6y at call and on short notice Treasury bills Priz€ bond 7 (4,582,894,273) 3,11s,340,s77 2,761,239 540,425 48,252,038,214 36,646,884,258 /(l,669,6E4,306 39,764,986,071 3,806,847,666 't7,433,054,308 't 'l ,869,482,089 1,160,533,050 9,391,809,753 7 500 3,761,896,279 ,827,171,758 11,381,374,023 3,835,050,000 17 2,954374,214 5,115,800 39,764,986,071
8. tn as at rETtirtlTl I Particulalts January 2020 - ,tiTt in the Surplus/deficit on account of revaludion of prop€rtbs Surpluddeficit on account of rsveluation of inveatments fanslation 3l irarch 2020 3l tlarch mlg NEt prolit for the period lssue of share c€pital/ Bonus share to Southeast Bank Staff Wefare Trust made dudng the pe od a3 at as at Southeast Bank Llmited Statement of ChangG in Equity Statutorysserve for the period ended 31 March 2020 Paid up capital Taka 307 758 '10,969,433,607 Taka 11,s99,419,720 11 599119720 8 tESenlg Revaluaton tEaelvea O{,le1 247,650,000 Taka 4,248,271,21A 247.650.000 Taka 4.244.271 .214 30,466,261 737 Tot l Provisional and unaudit€d Rstained eamlngs Taka 'l ,132,513,7A9 30,466,261 5 30,418,837,815 Taka 3,354,063,270 727 I,I32,513,789 'l
9. Southeast Bank Llmlted and lts subsldlades ilotcs to thc Flnanclal Statcments As at and fior the perlod ended 31 March 2020 1 . ReportlnSentity 1.1 Change of accountint policy Accountint policies in these financial statements are same as those applled in its last annual financial statements of December 31, 2019. 1.2 Basls of consolldatlon The consolidated financial statements include the financial statements of Southeast Bank Limited and its three subsidiaries, Southeast Bank Capital Services Limited, Southeast Financial Services (Ux) Limited, Southeast Exchange Company (South Africa) Pty Limited, for the period ended on March 3L,2020. 1,3 Eamlus 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. Mar 2020 Dec 2019 Taka Taka 2 consolldated Loansandadvances/lnvestments Loans, cash credit, overdrafu etc./nvestments Southeast Bank Limited 277,020,L0L,32L 281,314,091,095 t.751,L57,433 Southeast Bank Capital Services Limlted 283,055,2t18,528 278,757, Bills purchased and discounted Southeast Bank Limited t9,909,292,666 L7. __302,974,54t,194_ 3 €onsolidated deposlts and other aocounts currenvAl-wadeeah current accounti and othar aocounts 48,a07,799,67L 55,45t,482,344 Southeast Bank Limited 75,754,7L6 78,691,950 Southeast Bank Capital Services timited 55,530,174,304 597,077,595 Less: lnter company balance eliminated 54,933,096,7@ Bllls payable Southeast Bank Limited 622,94L,348 48,250,513,039 4,095,294,208 4,095,294,208 Savlngs banVMudaraba savlngs bank depo3lts Southeast Bank Umited 30,415,845,1 30,416,845,985 Flxed deposits/Mudaraba flxed deposlts Southeast Bank Limited | ,46,4??,szo,?or1 246,477,520,709 329,250,271,1141. 4 ShaE Capltal Authorised --1,500,000,000- Ordinary sha.es of Tk 10 each 15,000.000,m0 1to(xr,(m,@ 3,787,6/19,700 3,78t,ilg,700 7,at.7,770,020 7,8L7,770,020 tL,599,4L9,720 lssued, subscribed and paid uP 378,LU,97O ordinary shares of Tk 10 each issued for cash 78L,777,@2 ordinary shares of Tk 10 each issued I,159,!At,972 as bonus shares - Shareholders' Equlty Paid up capital Statutory reserve Revaluation reserve Other reserve Foreign currency translation reserve L1,,599,4L9,720 L7,s99,4r9,720 LL,277,L36,365 4,278,737,474 247,650,0@ 10,969,433,507 122,378,5il1 4,263,813,505 Retained earnings o 4,248,27L,2L8 247,650,000 18,779,6061 3,443,466,969
10. 5 Consolidated Eamlngs per share Net profit after tax for the period (Taka) Number of ordinary shares outstanding Eamlngs per share (EPSI (Taka). Mar 2020 Mar 2019 Taka Taka 7,L47,454,724 499,0L4,677 L,L59,94L,972 L,r59,94L,972 0.98 0,43 L,732,sLl,789 L,759,94L,972 0.98 7,L59,94r,972 Earnlngs per share Net profit after tax for the period (Taka) Number of ordinary shares outstandlnt Earnlngs per share (EPS) ffaka). 475,808,804 o.4t * 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 in first quarter (Q1) as compared to last year due to increase in operating income and lower requirement of provision atainst loans and advances. 6 Consolidated ilet Asset Value (ltlAv) per shar€ Net Asset Value (NAV) 3r,il4,378,604 Number of ordinary shares outstanding Net Asset Value (NAV) per shar€ t,L59,94L,972 27.28 28,s00,288,s41 t,054,492,702 27,0? Net Asset Value (NAV) per sharc Net Asset Value (NAV) Number of ordinary shares outstanding Net Asset value (ilAv) per shar€ 7 31,582,358,289 28,411,55&3s0 L,L59,941,972 L,054,492,702 26.!vt 27.23 Consolidated Net Op€ratlng cash Flow per shar€ Net Operating Cash Flow Number of ordinary shares outstanding Net Opcratlng Cash Flow per sharc (ltlOCFPS)' 13,277,L33,3781 L,159,94L,972 (2.831 3,280,505,943 (3,409,392,836) 3,275,705,5r2 r,054,492,702 7,O54,492,702 3.11 Net OperatinS Cash Flow per share Net Operating Cash Flow Number of ordinary shares outstanding Net Operatlnt Cash Flow per share (NOCFPS)i .Net operating cash flow per share (NOCFPS) decreased due 7,159,947,972 3.tl 12.94) to decrease of deposit ftom customers significantly as compare to first quarter (Q1) of last year. 8 Reconclllatlon of net proflt wlth cash flows from operatlnt actMtles Profit before tax es per protit snd !os3 rccountg Mar 2020 Mar 2019 Taka Taka Ls38,s13,789 L0s6,908,804 Adjuitment for non-clsh items Provision for Provision for Provision for Depreciation loans and advanceVinvestments diminution in value of investments off- balance sheet items ofproperty plant and cquipment Recoveries on Loans prcviously written-off Foreign exchange gain(Loss) Increase./decrease in operating assets 629,010,782 s40600,000 274,776,000 99,33L,426 98,t54,727 540,425 350,000,ofl) 117,250,m0 (16,208,270,4r'.7l. (9,481,074,539) 77,L99,O30 200,L43,2L8 2,767,239 & liebilities: Loans and advances to customerc 13s7,s82,9t2l. Other operating assets 1,5L8,302,717 Deposits from other banks (4,04&809,103) Deposits from customers L,753,624,882 Others operating liabilities (9s,?27,672t, 17LO,42:0,5981 LO,63t,L46,626 r,093,Lsg,427 (59s,0s0,704) Income tax paid Cesh flows from operttiog activitier l70n,,28E,7271 13 per The Financial Statements of the bank 3,275,705,512 calh flow strtement for First Quarter (Q1) ended on 31 March www.southeastbank.com.bd 10 2O2O are available in website. The address of the website is