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Auditors' Report to the Board of Director

Profit and Loss Account

Balance Sheet

Cash Flow Statement

Statement of changes in equity

Annexure-A

Notes to the Financial Statements

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Profit and Loss Account
For the year ended December 31, 2003
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? ? ? ? ? 2003 ? 2002
? ? ? ? Notes Taka ? Taka
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Interest Income ? ? ? 14 3,232,649,690
? 2,753,727,372
Less: Interest Expenses ? ? ? 15 1,104,246,307 ? 893,262,749
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Net Interest Income ? ? ? ? 2,128,403,383
? 1,860,464,623
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Other Income ? ? ? 16 344,707,356
? 286,507,807
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Total Income ? ? ? ? 2,473,110,739
? 2,146,972,430
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Less: Non-Interest Expenses ? ? ? ? ? ? ?
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Salaries and other related expenses ? ? ? 17 1,239,781,269
? 1,156,342,131
Directors' remuneration ? ? ? ? 192,202
? 57,442
Depreciation on property, plant & equipment (Annexure A) ? ? ? ? 35,625,084
? 39,348,639
Other expenses ? ? ? 18 243,951,371
? 218,247,718
Provision for bad and doubtful debts ? ? ? 19 596,042,682
? 673,303,456
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Total Expenses ? ? ? ? 2,115,592,608
? 2,087,299,386
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Net profit ? ? ? ? 357,518,131
? 59,673,044
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Appropriations ? ? ? ? ? ?
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Net Profit transferred to rehabilitation fund ? ? ? ?
357,518,131 ?
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59,673,044 ?
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The annexd notes 1 to 21 form an integral part of these financial statements?

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(M. Shahjahan) ? Director? ? ? ?Director ? (Dr. Muhammad)
General Manager ? ? ? ? ? Managing Director ?
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Rahman Rahman Huq ? ? ? ?
Howladar Yunus & Co. ?
Chartered Accountants ? ? ? ?
Chartered Accountants ?
Dhaka ? ? ? ? ? ? ?
9 June, 2004 ? ? ? ? ? ? ?
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