Grameen Bank - Bank for the poor


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 ?	?	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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