Southeast Bank Limited: Financial Statements - 30 September 2017

Transcription

1. I ,t Southeast Bank tjmlted and iB subsldlades Consolld.ted 8.Lncr ShcGt As.t 30scptmrb.r 20u f Polsloml Note PROPERTYANDASSEts 2017 Taka 30 Sep and umuditcd 31 Drc 2016 Taka Cash ln hand (including forrign currencles) Balane with Bandadesh Bank and its agent banks (including forcign currcncies) 2,432,620,307 Balance s'lth othr, bank and financlal lnstltutlons ln Bangladesh Outside Bangladesh Monry at c.ll and on short notlcc 1,3@,100,000 4,271,34/,L@ Flxed assets lncludlnt prembGt, ftrmlturc and firturcs 9,349,4q950 4,947,t62,556 Other assets 3,753,677,774 lnvestments Got€rnment Othcr Loans and advances/lnv6tments Loans, cash crrdit, overdrafts.tc./invcstments Bills purchased and di$ounted 2 3,101,610,244 Non - banklng ascets a 311651,014332 Total .sslts 297,79a,OtO,O79 UABitmEs AND cAPrTAt U.bllltles lonofllngs from other banks, financlal lmtltutlons and .tents Subordinated bond Othcr borrowings Daposlts and other.ccounts 3 Current/Al-wadeeah curent accounts and other aeounts Bills payable bank/Mudanba savings bank dcposits Fixed deposits/MudaBba fixrd deposlts Bearer ccrtmcates of dcposit Other drposits Savings 33,741,395,895 3,315,415,533 23,016,@1,858 t9,7@,582,4@ 188p27,9A3F22 173,438,929,873 5,548,856,941 24€,t@B77,@9 22,922,3@,675 19,919,384,323 28,73L,626,932 265,2il,48,255 Othcr liabilitles Total ll.bllltl.s CapltaYshareholdc]s' equtty Paid up epital Statutory re*rve Revaluation rrserve 9,170,000,0m 4,@4,L99,&0 2426s0,000 other reerve ForeEn currency translation rrs!ruc Retain.d earnints Tot.l rhrreholdGrs' equlty J{on-controlllnt lnterest Total llabllltles.nd shareholdeE' equlty 10,125,535 3U,651,014332 9,170,000,000 4,763,88E.,676 247,650,W 10,003,160 Z9L,798,O1O,OE OFFBATANCE SHEET ]TEMS Contlngent ll.bllltlcs Acceptanes and rndorsements Letters ofguarante. lrevocable letters of credit Bills for collection t6,372,731,@5 15,154116,600 43,300,155,455 22,069,825,@6 12830,304,866 32,48\303,677 Othrr contingrnt liabilities Tot.l contlntcnt llabllltl.s Otha, commltmlnts Document ry credits and short term tEdc-related tEnsactions Forward asets purchasd 8nd foruard dcposits placed Undrawn note issuancc and revolving undrruriting facilities Undrswn formal standby facilitles, credit linas and other commitments Total other commltments Tot.l off-baLDcc ahc.t ltems lncludtnt co[tlnlent ltsbllhles .-l 2,756,6il,O0O g'\**s,*! Dircctor 6.+<*4 ChiefFinancirl Of,icer Complny Sccretsrf, Page 1
2. Southrrn Banl Ulrlt d .rd lts sut6ldlrLs cocolld.t d Prodt and lG lc.o.rnt lorttE pcrlod rndd !OS.E nbcr 2Ol7 P'ovlstonal.nd un.uditad .l.n ," 2017 to hGrcn income/prorfit on invastments etc, brolerda Commlsslon, €xdlaEe and +351,559,234 19.5o3.m7.780) 13.352.136.20tt) 4,,9L11O,272 3,560,331556 2,037,76t3,W 1,45r"033,626 t"384,154 L3,680,555 t 109,056,845 7,@6,92? 2,361,946 1,095,000 325X55,393 AudltoB f€es O€pr€aiatldi and r.p.lr of b&l'a ars.ts 854-268.5v) Othlr .Ipanses op.ndllt .lpcnrcs (l] Proit t fol! pmvlslon (GA|} l Totsl Splcific prorlilon dlmhdlon ln valu. of ,.3o,Br,r8 nw.stm.nt! 4305,998,183 t3.2r.515-0881 1\a27,429,512 767,597,539 gt2,?ss,622 2,1741fir,l5 2,512,r39513 ffiffi 9i53ngr,B6 1,512,152,S{t 3,26s,ll9par u91,8O5,555 585,168,579 510,374 132,555,r52 471609,893 szt,23/t,514 233,052,83 204,325,536 121,226 fis,!7 sr"795,952 50,162,787 22568,303 2,950,000 8:t,26r"892 9,,t51),(m v997,L42 2,008,051 56r"371 7s0n00 m7,134 293,{31010 70t845.457 L$,24783. L0,.,e,207 325.{19r45 2$.a45,023 1,00{,t ,,685500 r,2o1 __14c9&gfgg_ 5F22,rO,8sO 53s0,as3F35 Ptovition for loms .nd adv.nc.VlNrstments Gan€rd prc\,idon Provlslon lor 0E2r2t to !!{,. 2016 T.la 129s9,76,.,893 1,311394,072 550,038,129 Rant taxas, insunnca, €lactricity etc, Lrtd expansai PostaS!, stamp. l.communlotlor ltc. Ststlon€ry, prlntln& rdvartlsrmsts rtc. Manadry Dlreatoris salary and l€€s Dlrectors' fe€s and al(panses S.. (9.752.0a1.020) 9,S5t Salarles and allowences .lul t" 2016 scr:n.2017 12i{Oz339,355 ,J/}.';'{N ld ,ul 1,2017 to Tak. 2,a89,289,118 other opcr_Jting lncone tolrl oD.ndn! lnconE 2015 ro s.o 30. 2016 Iak. l{ota m.r.6t 9.ld/profit rh.rcd on d.poslts .nd borou,ings Lat l ar6t lnaoir/rat plEfit on ln$artrrd!3 ,.n l, 81d2m,(m 1m,m0,m0 24!,200,0m 055_(Iloidt 1_256_498.(lX) 1,759,2tx,,tm 1,35O198,000 220_(mrm 461200,00 (23r,8s3,,r18) i8,271331 1329,277,9L6t 2m.8m.Im reg 212r,190,853 88.8m.0m (r"2m,mo) 58O39a.m 579,598,m0 1213,875,2221 Iot Othar proviCons l Drwbbn (Ol LZta1a5,S!2 r,66t 71ilr 2m;r22fl,. a5r\14;r78 Iotal Droft b.folt ral.uon (GOl Pro\,lslon ,or ta,6tlon Cureot 2,&7,725,{5 2,420,00,000 81r"15r,540 820,0q),000 Dd.fl.d l{at protlt xat 9.622rno 9.622-mO .fr.r D!.don 20,302,m0 XfrI fr 2,,-7,,..7306 2$4706,963 ;trtir-aYii:l 2,2fi1,o @. t,Lrgat 2,365,584,588 122.375 2,220,624,L@ 1,179,391394 ,ln l20.000,0o 97r,to6054 proit.tt .t r.tt lhut blato: Equilry holde6' of the Eank I,{onsrtrollinS intarast Illt Drlrlt .frGr ta.tlon ilt1.!t671 1.053.245 a355,76,95C 22lo,,Ll,"2fl, r,U9,6O7,80 gn,ffiM ApplrprhUon, Statutory rEerve f--ElA"s6tl 2J55.r05JGt R.r.h.d .u.plu, durftI tha ,Edod E.mlna, par ,hal! {D.r valu. T.L 10) 4 Ch.lrrl.n (nL, 976,7sU69 r'']l?.':tF ofi..l 936,r4.,09r t5E/452J63 1,3{,L0at1l1 lt7g.gn,tn trla l.29 *& tt f,TiY,!t ComEny Sacr?tary P.CE 2
3. Southeast Bank Limited and its subsidiaries Consolidated Statement of Changes in Equity For the period ended 30 September 2017 Particulars Balance as at 1 January 2017 Changes in accounting policy / Prior year adjustments Restated balance Other reserves Translation Reserve Retained earnings Total Taka Taka Taka Noncontrolling interest Taka 26,523,558,664 502,163 26,524,060,827 10,003,160 10,003,160 Paid up capital Statutory reserve Revaluation reserve Taka Taka Taka Taka 4,763,888,676 4,763,888,676 247,650,000 247,650,000 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 September 2017 Balance as at 30 September 2016 - - 9,169,501,760 9,169,501,760 9,170,000,000 9,833,441,996 (159,689,276) (159,689,276) 4,604,199,400 4,880,522,454 Page 3 Provisional and unaudited 247,650,000 247,650,000 Total Equity of the Group Taka (24,449,246) (24,449,246) 3,196,967,474 502,163 3,197,469,637 2,994,871 2,994,871 9,211,207 9,211,207 (159,689,276) 12,206,078 (147,483,198) 2,366,584,588 (1,833,900,352) - 2,366,584,588 (1,833,900,352) - 122,375 - 2,366,706,963 (1,833,900,352) - 3,739,365,080 2,892,656,662 26,909,261,865 27,024,899,013 10,125,535 9,452,983 26,919,387,400 27,034,351,996 (21,454,375) 1,126,141 - 26,533,561,824 502,163 26,534,063,987 (159,689,276) 12,206,078 (147,483,198)
4. Southeast Bank Limited and its subsidiaries Consolidated Statement of Cash Flows For the period ended 30 September 2017 Provisional and unaudited Note 30 Sep 2017 Taka 30 Sep 2016 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) 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 Page 4 16,570,493,233 (7,748,966,218) 191,126,834 2,489,289,118 35,716,081 (1,323,080,995) (130,121,715) (1,919,081,835) 591,515,883 (1,673,828,021) 7,083,062,363 16,407,860,270 (8,261,715,904) 168,067,943 2,037,763,604 7,873,880 (1,201,256,556) (74,899,978) (1,101,242,190) 389,542,517 (1,823,214,741) 6,548,778,844 1,816,635,912 (6,884,917,361) (25,880,670,209) (819,600,261) 2,336,813,625 16,355,996,129 802,487,503 (12,273,254,661) (5,190,192,298) 619,197,363 (1,001,772,140) (18,626,460,898) 1,597,624,929 691,797,521 22,520,874,524 1,172,574,965 6,973,836,265 13,522,615,109 62,330,424,877 (58,246,033,180) (662,154,819) (1,950,476) 3,420,286,402 50,006,548,609 (49,834,751,294) (1,053,860,903) 1,638,178 (880,425,411) (1,833,900,352) (1,833,900,352) (3,603,806,248) 10,619,837 27,147,986,883 23,554,800,472 (1,375,425,264) (1,375,425,264) 11,266,764,434 1,035,511 21,006,750,533 32,274,550,479 2,959,217,141 16,523,441,766 2,763,251,166 1,304,100,000 4,790,400 23,554,800,472 2,497,180,897 15,043,509,014 6,435,926,177 3,822,100,000 2,399,160,332 2,070,981,460 5,692,600 32,274,550,479
5. Southeast Bank Limited and its subsidiaries Notes to the Financial Statements As at and for the period ended 30 September 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 period ended on September 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 September 2017 Taka 31 December 2016 Taka 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 Page 5 205,306,287,658 2,821,798,002 208,128,085,660 210,000,000 207,918,085,660 180,161,187,214 2,500,642,443 182,661,829,657 10,674 182,661,818,983 9,828,173,786 9,828,173,786 217,746,259,446 9,203,770,254 9,203,770,254 191,865,589,237
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 33,742,859,747 25,872,405 33,768,732,152 27,335,257 33,741,396,895 30,845,332,890 21,003,651 30,866,336,541 581,276,914 30,285,059,627 3,315,415,533 3,315,415,533 6,548,856,941 6,548,856,941 23,016,081,858 23,016,081,858 19,700,582,409 19,700,582,409 188,027,983,322 188,027,983,322 188,027,983,322 248,100,877,609 173,438,929,873 173,438,929,873 173,438,929,873 229,973,428,850 30 September 2017 30 September 2016 4 Consolidated earnings per share Net profit after tax for the period ended 30 September (Taka) Number of ordinary shares outstanding Earnings per share (EPS) (Taka) 2,366,706,963 916,950,176 2.58 2,280,182,202 916,950,176 2.49 26,909,261,865 916,950,176 29.35 27,024,899,013 916,950,176 29.47 (5,190,192,298) 916,950,176 (5.66) 13,522,615,109 916,950,176 14.75 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) 7 Net Operating Cash Flow per Share (NOCFPS) fell due to increase in loan disbursement and bond investment. The financial statements of the period ended on 30 September 2017 are available in website of the bank. The address of the website is www.southeastbank.com.bd. Page 6