Southeast Bank Limited: Financial Statements - 30 June 2017

Transcription

1. Ir Southeast Bank Limited and its subsidia .ies Consolidated Balance Sheet as at and for the half year ended 30 June 2017 Provisional and unaudited 30 Jun 2017 PROPERW AND ASSETS 31 Dec 2016 Iaka Note Cash I ln hand (including foreign curencies) Balance with Bangladesh Bank and its atent banks (including foreign currencies) 3,232,360,663 ,firfiMw1 f tt | 1s,402,827,76t Balance with other banks and financial institutions ln Bangladesh Outside Bantladesh I t,8s7,554,227 3.478.696.855 5,335,251,076 293,396,150 Money at call and on short notice lnvestments Government Others 48,9 55,527 59,507,908,089 Loans and advances/investments Loans, cash credit, overdrafts etc./investments I r,ras,rze,ggg 4,277,344,1O0 oi8r4l I-s4rrrf 7,431,830,s66 | I 6L,73L,634,460 2,661,818,983 9.203.770,254 197,865,589,237 77,632,L4a,852 206,957,367,984 9,375,025,387 3,460,519,811 Fixed assets includint premises, furniture and fixtures Other assets Non - banking assets Total assets I 4,045,22t,474 7 Bills purchased and discounted I I 17,835,448,068 I 8,947,t62,556 3,10L,6LO,244 303.830.844.480 297,198,0t0,079 I IIABILITIES AND CAPITAT I Liabilities Borrowings from other banks, financial institutions and agents Subordinated bond Other borrowings Deposits and other accounts Current/Al-wadeeah current acgounts and other accounts Bills payable Savings bank/Mudaraba savings bank deposits Fixed deposits/Mudaraba fixed deposits Bearer certificates of deposit Other deposits t---- | 8,ooopoopool r"8,668,655,954 7,377,53s,082 15,371,635,082 34,397,L27, 3,610,750,654 2].,735,788,622 178,126,045,145 30,285,059,627 6,548,856,941 19,700,582,409 173,438,929,873 237,869,711,583 Other liabilities Total liabilities Capital/shareholders' equity Paid up capital Statutory reserue Revaluation reserve Other reserve Foreign currency translation reserve 9,1,69,501,760 9,170,000,000 4,648,098,792 247,650,000 (2L,69t,s87]' Retained earnints 9,1"69,s01,760 9,L70,000,000 4,763,888,676 247,650,000 (24,449,2461 2 Total shareholders' equity 25,7 Non-controlling interest Total liabilities and shareholders' equity 74 ,81 9,823,799 3o-ts3o-3 10.003.160 53,245,347,082 L7,908,250,517 32,003,95s,103 20,270,O88,467 43,8r.3,553,641 15,154,116,600 32,88L,303,677 17,830.304.856 74,684,000 44l-80-zgLfr Enfr fr T Contingent liabilities Acceptances and endorsements Letters of guarantee lrrevocable letters of credit Bills for collection Other contingent liabilities Total contingent liabilities L25,L10,t92,769 L1,1,,L53,962,784 Other commitments Documentary credits and short term trade-related transactions Forward assets purchased and forward deposits placed Undrawn note issuance and revolving underwritinB facilities Undrawn formal standby facilities, credit lines and other commitments Total othercommitments Total off-balance sheet items including contingent liabilities M2 Chairman Director Company S€cretary (C.C) |
2. southeast Bank Limited and its subsidiaries consolidated Profit and Loss Account as at and for the half year ended 30 June 2017 Provisional and unaudited f r ."01,ro1?t"-lf -r.-il-lo16t"-lf Ap,01,ro1?t"-lf Aprol,roGt"--l I Jun 30,2017 | | lun 30,2015 | I Jun 30,2017 | | Jun 30,2016 Taka Note lnterest income/profit on investments lnterest paid/profit shared on deposits and borrowints etc, Net interest income/net profit on investments lnvestment income Commission, exchange and brokerage Other operating income f I 8oss:80.rs1 If | to,+og,go+,arotl 1,645,875,315 f I I L74o,076,6461 r,ozo,sas,ass I Te,ze+,qzg I salaries and allowances Rent, taxes, insurance, electricity etc. Legal expenses Postate, stamp, telecommunication etc. Stationery, printinB, advertisements etc. Managing Director's salary and fees Directors' fees and expenses 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 provlsion Provision for diminution in value of investments Other provisions sssLriq1tol (o,aez,+gr,egz)l jj--rffi | I I I I I | I I I I 1,1s8,807 I I | 91.884,615 I tq,osgroz I s,oor.+zg I r,soo,szs I II tt s+s,ooo I I 206,s77,558 | szt,aqaJot I | 2,139,86,-,889 4,301,007,995 fI fI I Total Provision (D) Total profit before taxation (C-D) s?3poopool 73s,000,000 | f I sso,e+a,r+s geg,r+a ,r.sn..:ou sz,ssr,sas 6,s00,000 gt,qzq,qsa I uz,ooo,ooo I I I I I I I I r",300,917 | | ,rr,r.r,r., I +sE,g+o,ag+ | 813,097,815 2,O5O,977,377 3,268,LM,644 3,226,476,6M l---II I I | I I I I 4GEsi4r1 zzz,en,szs I rss,goe I qs.tsz,z+q az,ssz,soo 2,s33,681 L,303,792 qas.ooo I | | I ,rr,orr,otrl zas,osz,e:s Lr2?,742,984 4,209,522,703 2,L44,401,660 I I I +ot,tqa,ssa I rzg,zoo,ooo I I I I I zts,fiz,azt eat.etzszt I eos,srs,sss I zr,ooo,ooo I Chairman I a,gso,ooo I srz,o,I 234,364,6LO I |_ I I +ro.ooo,ooo 4sr"soopoo tLzga,aEs ar,zoo,ooo 2,902,376,147 L,r54,gLO,834 1,540,164,510 (rzg,aort | (r,+gs,zsz)l L,302,376,747 ----L1!Z{91911- NN I I I I __-___tto,48l,2u- | (zoz,oagtl --1398!pLo- frrlps3rr31 taas,ozitl I 760,L64,sLO __:Lo,4U,2ol_ r----l f _____1,1!2499f11 _--__l4l04Ere_ _-_o,48!2o1_ __433-92?5_ si7,67T,sr81 577,67r,528 L.29 ___j.42_ r_-_---I l-0.34 3:.6,416::.4]l 326,496,234 ________qfl- X{N}\uaAhmd.. Director N Chief Financial Officer I 880,000,000 844,426,633 1,500,000,000 I I f-rsopoopool fl.3iJ-8?1^:rrl f=rc-r8G,rstl @{ I zs,sss,osz 2,783,583,498 J--r--18?J8r^1% I Earnings per share (par value Taka 10) ,or,.rr,rr, I oo,ggo,.rl 604,29a,635 Net profit after tax attributable to: Equity holders' of the Bank Non-controlling interest Retained surplus during the year || I I :zs.oos 989,49O,826 ____J,3o2,3?5,r47_ Statutory reserue :saJzrrtt L,3O7,146,556 _____LM99M3_ Appropriations I I I I I f-4troopoE I Net profit after taxation I a---AtIolnil" 1,577,424,498 1,596,573,665 I 982,013,459 2,244,463,L45 frl:--poo,ooo-l 1o12ofioo-l orr.ooo,ooo I fj5"r6J?3"0651 l---1,6oopoopool Net profit after taxation 4,rr68s7,rA (g,rzr,sse,s+z)l , _J&l,49r2n_ Provision for taxation Current Deferred fI 2,455,046,828 L,888,1r9,092 f-rr6"eoopoo 1io8^ooopool 4,o77,64Lr81 jj-.i]ffi Hl[Ii-]ffi--]l['1 I ' f----ii;:tsr,4sr1 fjr6Jr6^Ges ne ,sae,o+a I aka (s,ze+,s+q,osa)l 2,27O,27s,O!8 [',:i 6,440,869,885 I l| 3,827,366,777 6,O97,641,795 4,794,994,570 Total operating income (A) I Company Secretary (C.C.)
3. Southeast Bank Limited and its subsidiaries Consolidated Statement of Changes in Equity For the half year ended 30 June 2017 Particulars Paid up capital Statutory reserve Taka Balance as at 1 January 2017 Changes in accounting policy / Prior year adjustments Restated balance Taka 9,169,501,760 9,169,501,760 9,170,000,000 9,170,000,000 Surplus/deficit on account of revaluation of properties Surplus/deficit on account of revaluation of investments Currency translation difference 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 Transfer to SEBL Foundation Balance as at 30 June 2017 Balance as at 30 June 2016 - - 9,169,501,760 9,169,501,760 9,170,000,000 9,474,979,433 Provisional and unaudited Revaluation reserve Other reserves Translation Reserve Retained earnings Total Taka Taka Taka Taka Taka Noncontrolling interest Taka 4,763,888,676 4,763,888,676 247,650,000 247,650,000 (24,449,246) (24,449,246) 26,523,558,664 502,096 26,524,060,760 10,003,160 10,003,160 (115,790,484) (115,790,484) 4,648,098,192 5,173,247,487 247,650,000 247,650,000 2,757,659 2,757,659 (21,691,587) 264,065 3,196,967,474 502,096 3,197,469,570 9,495,083 9,495,083 (115,790,484) 12,252,741 (103,537,743) 1,187,189,194 (1,833,900,352) - 1,187,189,194 (1,833,900,352) - 2,560,253,495 2,275,391,776 25,773,811,859 26,341,034,521 (179,361) 9,823,799 8,189,746 Total Equity of the Group Taka 26,533,561,824 502,096 26,534,063,920 (115,790,484) 12,252,741 (103,537,743) 1,187,009,833 (1,833,900,352) 25,783,635,658 26,349,224,267
4. Southeast Bank Limited and its subsidiaries Consolidated Statement of Cash Flows For the half year ended 30 June 2017 Provisional and unaudited Note 30 June 2017 Taka 30 June 2016 Taka 10 ,930,215,026 (5,353,600,083) 114,542,393 1,676,533,496 16,446,564 (799,160,882) (88,873,700) (1,289,804,085) 361,937,865 (1,066,022,273) 4,502,214,321 9,375,549,714 (5,867,747,528) 76,371,762 1,270,166,065 3,607,152 (722,696,663) (52,867,502) (783,021,370) 310,047,157 (939,948,404) 2,669,460,384 1,055,403,212 (4,083,774,327) (15,091,772,747) (582,803,868) 3,297,020,872 6,868,753,837 (120,967,915) (8,658,140,938) (4,155,926,616) 131,397,306 (630,175,415) (12,571,590,618) 1,673,810,809 2,460,839,503 9,460,643,343 1,998,119,494 2,523,044,423 5,192,504,807 18,241,171,018 (14,283,402,607) (589,338,416) (1,082,757) 3,367,347,238 44,085,171,912 (42,718,416,797) (895,661,279) 1,519,471 472,613,306 (1,833,900,352) (1,833,900,352) (2,622,479,730) 9,543,756 27,147,986,883 24,535,050,909 (1,375,425,264) (1,375,425,264) 4,289,692,849 162,492 21,006,750,533 25,296,605,875 3,232,360,663 15,668,021,320 5,336,251,076 293,396,150 5,021,700 24,535,050,909 2,183,641,294 14,303,453,970 3,792,133,216 3,325,300,000 1,486,448,495 199,771,600 5,857,300 25,296,605,875 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) B. C. D. E. F. G. Increase / (decrease) in operating assets and liabilities Sale of trading securities Purchase of trading securities Loans & advances to customers Other Assets Deposits from other banks Deposits from customers Other Liabilities Cash received/ (paid) from operating assets and liabilities (ii) Net cash flows from operating activities (A=i+ii) Cash Flow from Investing Activities : Proceeds from sale of securities Payments for purchase of securities Purchase of fixed assets Sale of fixed assets Net cash flows from investing activities (B) Cash flows from financing activities : Dividends paid Receipts from issue of loan capital & debt security Payments for redemption of loan capital & debt security Payment against lease obligation Receipts from issue of ordinary shares Net cash used in financing activities (C) Net increase / (decrease) in cash & cash equivalent (A+B+C) Effects of exchange rate changes on cash and cash equivalents Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period (D+E+F) 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 Bangladesh Bank bill Prize bond
5. Southeast Bank Limited and its subsidiaries Notes to the Financial Statements as at and for the half year ended 30 June 2017 1 . Reporting entity 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, 2016. 1.2 Basis of consolidation The consolidated financial statements include the financial statements of Southeast Bank Limited and its four subsidiaries Southeast Bank Capital Services Limited, Southeast Financial Services (UK) Limited, Southeast Financial Services (Australia) Pty Limited, Southeast Exchange Company (South Africa) Pty Limited, for the half year ended on June 30, 2017. 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 June 2017 Taka 31 December 2016 Taka 192,674,996,505 2,790,216,627 195,465,213,132 140,000,000 195,325,213,132 180,161,187,214 2,500,642,443 182,661,829,657 10,674 182,661,818,983 11,632,148,852 11,632,148,852 206,957,361,984 9,203,770,254 9,203,770,254 191,865,589,237 2 Consolidated Loans and advances/investments Loans, cash credit, overdrafts etc./investments Southeast Bank Limited Southeast Bank Capital Services Limited Less: Inter company balance eliminated Bills purchased and discounted Southeast Bank Limited Southeast Bank Capital Services Limited
6. 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 Southeast Bank Capital Services Limited Savings bank/Mudaraba savings bank deposits Southeast Bank Limited Southeast Bank Capital Services Limited Fixed deposits/Mudaraba fixed deposits Southeast Bank Limited Southeast Bank Capital Services Limited Less: Inter company balance eliminated 34,420,241,843 21,509,271 34,441,751,114 44,623,951 34,397,127,163 30,845,332,890 21,003,651 30,866,336,541 581,276,914 30,285,059,627 3,610,750,654 3,610,750,654 6,548,856,941 6,548,856,941 21,735,788,622 21,735,788,622 19,700,582,409 19,700,582,409 178,126,045,145 178,126,045,145 178,126,045,145 237,869,711,583 173,438,929,873 173,438,929,873 173,438,929,873 229,973,428,850 30 June 2017 30 June 2016 4 Consolidated earnings per share Net profit after tax for the half year ended 30 June (Taka) Number of ordinary shares outstanding Earnings per share (EPS) (Taka) 1,187,009,833 916,950,176 1.29 1,302,376,147 916,950,176 1.42 25,773,811,859 916,950,176 28.11 26,341,034,521 916,950,176 28.73 (4,155,926,616) 916,950,176 (4.53) 5,192,504,807 916,950,176 5.66 5 Net Asset Value (NAV) per share Net Asset Value (NAV) Number of ordinary shares outstanding Net Asset Value (NAV) per share 6 Net Operating Cash Flow per share (NOCFPS) Net Operating Cash Flow Number of ordinary shares outstanding Net Operating Cash Flow per share (NOCFPS) The financial statements of the half year ended on 30 June 2017 are available in website of the bank. The address of the website is www.southeastbank.com.bd.