Southeast Bank Limited: Financial Statements - 31 March 2017

Transcription

1. Southeast Bank Limited and its subsidiaries ConsolidatedBalanceSheet {' As at 31 March 2017 PROPERTY AND ASSETS 3 1 D e c2 0 1 6 Taka 31 Mar 2017 Taka Note Cash I n h a n d( i n c l u d i n fgo r e i g nc u r r e n c i e s ) Balancewith Bangladesh Bankand its agent banks (includingforeigncurrencies) 2,604,\22,O21 15,861,379,282 18,465,501,309 Balancewith other banksand financialinstitutions InEangladesh O u t s i d eB a n g l a d e s h @ | Money at call and on short notice lnvestments Government Others 17,835,448,068 t--r,860!rr'az-ll 2 , 4 3 2 , 4 7 3 , s|1 4| 6,000,098,318 4,856,515,000 52,364,743,662 8,946,382,185 6L,3L7,t25,847 Loansand advances/investments Loans,cashcredit,overdraftsetc./investments dn dd i s c o u n t e d B i l l sp u r c h a s e a 1 , 1 8 s , 1 2 8 , 9I 3 e Lna,q))1 a14 4,271,,344,1,00 61",73L,534,460 ?. Fixedassetsincludingpremises,furniture and fixtures Other assets Non - bankingassets Total assets L87,240,859,348 1,0,451,724,51,5 1,97,692,s83,863 8,947,255,867 2,904,826,744 101 aaR qao t?7 300,1-77 ,906,948 291,198,0r0,079 8 , 9 4 7, 1 6 2 , 5 5 6 3,1,01,,610,244 AND CAPITAL LIABILITIES Liabilities Borrowingsfrom other banks,financialinstitutionsand agents Subordinatbdbond Other borrowings 8,000,000,000 8,277,378,237 1,6,277,378,231 Depositsand other accounts Current/Al-wadeeah current accountsand other accounts B i l l sp a y a b l e S a v i n gbs a n k / M u d a r a bsaa v i n g sb a n kd e p o s i t s Fixeddeposits/Mudaraba fixed deposits Bearercertificatesof deposit Other deoosits L5,377,635,082 3 ?? ??q ??q q16 , R7q 9q? qqA 20,793,468,890 178,917,563,302 O t h e rl i a b i l i t i e s Total liabilities equity Capital/shareholders' P a r du p c a p i t a l Statutoryreserve R e v a l u a t i orne s e r v e Other reserve Foreigncurrencytranslationreserve Retained earnings Total shareholders'equity Non-controllinginterest Total liabilitiesand shareholders'equity 234,976,250,104 229,973,428,850 21,,223,445,392 272,477,074,333 19,919,384,323 265,264,448,255 9,169,50r,760 9,170,000,000 5,049,422,953 247,650,000 (2s,904,19L) 4,080,136,244 27,690,806,766 10.025,849 300,177,906,948 26,523,558,664 10,003,1"60 : ?q1 7qRn1n n7q OFF-BALANCE SHEETITEMS Contingentliabilities Acceptances and endorsements Lettersof guarantee lrrevocablelettersof credit Billsfor collection O t h e rc o n t i n g e nlti a b i l i t i e s Total contingentliabilities 48,259,700,240 16,636,076,931 36,404,724,980 1s,38q,810,s06 1,878,509,000 r22,559,821,,657 Other commitments Documentarycreditsand short term trade-relatedtransactions Forwardassetspurchasedand forward depositsplaced Undrawnnote issuanceand revolvingunderwritingfacilities Undrawnformal standbyfacilities,credit linesand other commitments Total other commitments Total off-balancesheet items includingcontingent liabilities Chnirman 41 R1? qq? 6dl 15,1-s4,116,600 32,88r,303,677 17,830,304,866 1,,474,684,000 479,O49,600 2,756,664,O00 M. Director ()ompanv Sccretalr
2. S o u t h e a s tB a n k L i m i t e d a n d i t s s u b s i d i a r i e s € o n s o l i d a t e dP r o f i t a n d L o s sA c c o u n t Forthe period ended 31 March 2017 3 1 M a r2 0 1 6 3I Mar 201.7 Note I (3,145,360,718) 832,777,500 Net interestincome/net profit on investments 1 ??O a?l l n v e s t m e nitn c o m e qqq C o m m i s s i o ne,x c h a n g ea n d b r o k e r a g e 839,747 ,936 O t h e ro p e r a t i n gi n c o m e 160,376,808 T o t a l o p e r a t i n gi n c o m e ( A ) 1,056,500,077 592,731.,224 1,27,1s8).00 -74) ) ??q qa-| 1,116,389,40! 3,172,725,241 2,87r,1.65,r97 377,963,717 204,1,72,r2r 1,,042,899 46,532,37r 36,1.07,r42 2,467,742 496,783 S a l a r i e as n d a l l o w a n c e s R e n t ,t a x e s ,i n s u r a n c ee, l e c t r i c i t ye t c . L e g a le x p e n s e s P o s t a g es, t a m p ,t e l e c o m m u n i c a t i oent c . S t a t i o n e r yp , r i n t i n g ,a d v e r t i s e m e n t se t c . M a n a g i n gD i r e c t o r ' s a l a r ya n d f e e s D i r e c t o r sf' e e s a n d e x p e n s e s N d 4,355,908,935 (3,261.,r33,74s) 1,094,775,19r 3 , 9 78 , 1 . 3 8 , 2 1 . 8 I n t e r e s ti n c o m e / p r o f i to n i n v e s t m e n t s I n t e r e s tp a i d / p r o f i ts h a r e do n d e p o s i t sa n d b o r r o w i n g se t c . d ?I,L )RR RLq r82,12r,472 6 0 , 1 93 4r,459,052 28,034,497 2,550,000 383,906 Auditors'fees 87,631,894 21.9,575,823 95,140,060 2s2,1.96,069 L,0L6, L1_8,905 2,r56,606,337 D e p r e c i a t i oann d r e p a i ro f b a n k ' sa s s e t s O t h e re x p e n s e s T o t a l o p e r a t i n g e x p e n s e s( B ) P r o f i t b e f o r e p r o v i s i o n( C = A - B ) P r o v i s i o fno r l o a n sa n d a d v a n c e s / i n v e s t m e n t s G e n e r a pl r o v i s i o n qnA rnq 6?? 1,965,0s9,559 60,000,000 265,000,000 32s,000,000 284,000,000 ?cq ??6 17? S p e c i f i cp r o v i s i o n 643,326,1.73 (206,392,501,) 91,000,000 P r o v i s i o fno r d i m i n u t i o ni n v a l u eo f i n v e s t m e n t s O t h e rp r o v i s i o n s ? , ? qR 4 7 g ? 1 42,000,000 102,847,927 T o t a l p r o v i s i o n( D ) Total profit before taxation (C-D) 1,262,2r1,638 r,628,672,665 P r o v i s i o fno r t a x a t i o n C u r r en t 752,1,41,032 720,000,000 752,1"47,032 720,OOO,OO0 876,s25,632 542,271,638 876,502,944 22,688 542,818,267 (606,62e) 876,525,632 542,2Ir,638 Deferred Net profit after taxation Net profit after tax attributableto: E q u i t yh o l d e r s ' o tf h e B a n k N o n - c o n t r o l l i ni gn t e r e s t Net profit after taxation Appropriations m S t a t u t o r yr e s e r v e | - " - ' " t - - ' I 251.,775,295 R e t a i n e ds u r p l u sd u r i n g t h e y e a r 876,525,632 E a r n i n g sp e r s h a r e ( p a r v a l u e T a k a 1 0 ) Chairman C h i e f F i n a n c i a lO f f i c e r 0.96 79r,036,343 0.59 M' Director C o m p a n yS e c r e t a r y
3. Southeast Bank Limited and its subsidiaries Provisional and unaudited Consolidated Statement of Changes in Equity For the period ended 31 March 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 year Cash dividend Issue of share capital/ Bonus share Appropriation made during the year Statutory reserve Transfer to SEBL Foundation Balance as at 31 March 2017 Balance as at 31 March 2016 - - 9,169,501,760 9,169,501,760 9,170,000,000 9,148,483,200 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) 3,196,967,474 3,196,967,474 26,523,558,664 26,523,558,664 10,003,160 10,003,160 (1,454,945) (1,454,945) 6,665,826 6,665,826 285,534,277 5,210,881 290,745,159 - 285,534,277 5,210,881 290,745,159 876,502,944 - 876,502,944 - 22,688 - 876,525,632 - 4,080,136,244 3,216,411,358 27,690,806,766 27,793,071,361 10,025,849 9,078,369 27,700,832,615 27,802,149,730 285,534,277 285,534,277 5,049,422,953 6,010,722,658 247,650,000 247,650,000 (25,904,191) 302,384 Total Equity of the Group Taka 26,533,561,824 26,533,561,824
4. Southeast Bank Limited and its subsidiaries Consolidated Statement of Cash Flows For the period ended 31 March 2017 Note Provisional and unaudited 31 March 2017 Taka 31 March 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 period Cash and cash equivalents at end of period (D+E+F) Cash and cash equivalents at end of the periods 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 5,461,504,733 (2,394,139,204) 6,319,182 839,747,936 5,673,827 (380,431,459) (32,596,048) (615,163,863) 160,376,808 (507,201,277) 2,544,090,634 4,428,294,773 (3,392,370,127) 3,607,293 592,131,224 1,343,775 (346,838,849) (26,700,748) (461,357,425) 126,414,325 (448,769,109) 475,755,132 823,936,674 (2,276,742,331) (5,826,994,626) 41,961,293 905,743,155 4,487,708,823 390,916,649 (1,453,470,362) 1,090,620,273 54,463,186 (191,522,542) (5,549,933,652) 933,864,866 2,476,789,000 780,691,435 90,452,193 (1,405,195,515) (929,440,383) 58,672,375,723 (56,694,407,739) (70,601,531) (306,571) 1,907,059,883 30,856,440,787 (30,284,980,858) (517,773,708) 53,686,220 2,997,680,155 29,127,389 27,147,986,883 30,174,794,427 (875,754,162) 201,765 21,006,750,533 20,131,198,136 2,604,122,027 15,861,379,282 6,000,098,318 4,856,515,000 848,040,300 4,639,500 30,174,794,427 1,951,970,671 12,353,923,334 3,709,904,130 1,112,900,000 996,130,000 6,370,000 20,131,198,136
5. Southeast Bank Limited and its subsidiaries Notes to the Financial Statements as at and for the first quarter ended 31 March 2017 1 . Reporting entity 1.1 Change of accounting policy Accounting policies in this financial statements are same as the 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 1st quarter ended March 31, 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. 31 March 2017 Taka 31 December 2016 Taka 184,627,549,462 2,613,309,887 187,240,859,348 187,240,859,348 180,161,187,214 2,500,642,443 182,661,829,657 10,674 182,661,818,983 10,451,724,515 10,451,724,515 197,692,583,863 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 32,754,411,611 46,265,590 32,800,677,201 471,351,685 32,329,325,516 30,845,332,890 21,003,651 30,866,336,541 581,276,914 30,285,059,627 2,875,892,996 2,875,892,996 6,548,856,941 6,548,856,941 20,793,468,890 20,793,468,890 19,700,582,409 19,700,582,409 178,977,563,302 178,977,563,302 178,977,563,302 234,976,250,704 173,438,929,873 173,438,929,873 173,438,929,873 229,973,428,850 31 March 2017 31 March 2016 4 Consolidated earnings per share Net profit after tax for the 1st quarter ended 31 March (Taka) Number of ordinary shares outstanding Earnings per share (EPS) (Taka) 876,525,632 916,950,176 0.96 542,211,638 916,950,176 0.59 27,690,806,766 916,950,176 30.20 27,793,071,361 916,950,176 30.31 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) 1,090,620,273 916,950,176 1.19 (929,440,383) 916,950,176 (1.01) The financial statements of the 1st quarter ended 31 March 2017 are available in website of the bank. The address of the website is www.southeastbank.com.bd.