GRAMEEN BANK
Profit and Loss Account
For the year ended 31 December 2009
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Notes |
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2009
Taka
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2008
Taka
|
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| OPERATING INCOME |
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|
|
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| INTEREST INCOME |
15 |
|
9,797,088,049 |
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7,831,802,905 |
| INTEREST/PROFIT PAID ON DEPOSITS & BORROWINGS ETC. |
16 |
|
(7,068,039,648) |
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(5,456,923,644) |
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Net interest income |
|
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2,729,048,401 |
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2,374,879,261 |
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Income from investments in fixed deposits |
|
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3,949,824,956 |
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3,242,507,268 |
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Income from investments in Grameen Mutual Fund-One |
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1,000,000 |
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1,721,542 |
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Other income |
17 |
|
749,438,046 |
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923,182,445 |
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Total Operating Income |
|
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7,429,311,403 |
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6,542,290,516 |
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|
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| LESS: OPERATING EXPENSES |
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|
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Salaries and other related expenses |
18 |
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3,822,742,404 |
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2,954,806,568 |
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Rent, rates, taxes, vehicle insurance, utilities etc. |
19 |
|
105,866,764 |
|
93,270,782 |
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Legal and professional expenses |
20 |
|
154,756,058 |
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119,985,004 |
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Auditors' fees |
21 |
|
1,133,825 |
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1,110,444 |
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Stationery, printing, advertisement etc. |
22 |
|
133,793,830 |
|
118,396,308 |
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Managing Director's salary & allowances |
23 |
|
637,680 |
|
535,680 |
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Directors’ remuneration |
|
|
232,000 |
|
178,000 |
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Repairs & maintenance of fixed assets |
24 |
|
66,122,283 |
|
50,414,227 |
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Depreciation of fixed assets (Annexure-A) |
|
|
73,246,223 |
|
66,549,640 |
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Other expenses |
25 |
|
1,270,637,161 |
|
968,125,906 |
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Total Operating Expenses |
|
|
5,629,168,228 |
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4,373,372,559 |
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|
|
|
|
|
|
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Profit before provision |
|
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1,800,143,175 |
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2,168,917,957 |
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Provisions for loans and advances |
26 |
|
|
|
|
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Specific provision |
|
|
1,324,137,761 |
|
780,426,028 |
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General provision |
|
|
104,432,510 |
|
83,818,521 |
| |
|
|
|
1,428,570,271 |
|
864,244,549 |
| NET PROFIT |
|
|
371,572,904 |
|
1,304,673,408 |
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|
|
|
|
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| APPROPRIATIONS |
|
|
|
|
|
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|
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| NET PROFIT TRASFERRED TO |
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371,572,904 |
|
1,304,673,408 |
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|
|
|
|
|
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Retained surplus brought forward from previous year |
14 |
|
109,000,000 |
|
- |
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Dividend equalization fund |
|
|
50,000,000 |
|
358,000,000 |
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Proposed cash dividend @ 30% for the year 2009 |
|
|
157,184,790 |
|
107,400,000 |
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General reserve |
|
|
100,000,000 |
|
716,000,000 |
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Employees welfare fund |
|
|
11,388,114 |
|
14,273,408 |
| |
|
|
|
318,572,904 |
|
1,195,673,408 |
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Retained surplus |
|
|
162,000,000 |
|
109,000,000 |
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The annexed notes 1 to 29 form an integral part of these financial statements.
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(M. Shahjahan)
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(Dr. Muhammad)
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A. Qasem & Co.
Chartered Accountants |
ACNABIN
Chartered Accountants |
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Dated, Dhaka
March 30, 2010 |
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