Notes-III
30-06-2007   30-06-2006
Taka   Taka
7.11 Sector-wise Loans & Advances: Tk.       8,164,809,013
Industrial Sector
Food & Allied Products               303,322,000 439464000
Jute & Allied Fibre Products               540,044,672 549713000
Cotton Woollen & Synthetic Textile            4,914,031,228 4518802000
Paper, Paper Products & Printing               142,224,137 140587000
Tannery & its Products               107,462,544 110430000
Non-metallic Mineral products                71,356,063 86008000
Basic Metal Products                10,832,119 13288000
Metal Products                17,743,395 14078000
Electrical Machinery & Goods                15,806,500 0
Machinery & Spare Parts                47,644,104 49095000
Transport                70,161,045 60387000
Chemicals & Pharmaceuticals               248,024,859 255792000
Petro-Chemicals               121,038,816 172789000
Service Industries               225,503,221 233376000
Miscellaneous            1,329,614,310 1248600478
BSCIC Sponsored & BSB Financed  27000
        8,164,809,013     7,892,436,478
7.12 Movement of Written off as          Tk.    12,327,134,680
per Bangladesh Bank's Circular
Opening balance          12,622,336,987      11,902,567,171
Add: Addition during the year                  5,817,549          826,896,208
         12,628,154,536      12,729,463,379
Less: Adjusted               301,019,856          107,126,392
         12,327,134,680      12,622,336,987
8.00 Premises and Fixed Assets :        Tk.         199,277,354
Opening balance               385,632,950          384,409,192
Add: Addition during the year                  9,858,513              3,500,610
              395,491,463          387,909,802
Less: Disposal/adjustment during the year                  3,937,466              2,276,851
              391,553,997          385,632,951
Less: Accumulated depreciation at the year end               192,276,643          184,244,482
           199,277,354        201,388,469
A separate fixed asset schedule is shown in Annexure-A.
9.00 Other Assets :                             Tk.      1,080,901,742
Stationery & stamps in hand                  4,477,953              2,706,454
Stocks & stores (Spare parts)                     513,039                513,039
Tax paid in advance (9.01)               757,226,196          733,210,193
Prepaid expenses & security deposit                     530,435                519,342
Accrued income (CAD & Branches) (9.02)                77,338,570            70,553,440
Suspense A/c. (CAD & Branches)                  2,490,774              2,941,461
Investment, Gratuity & Benevolent Fund (9.03)                  9,680,000              9,680,000
Share of Debt receivable from BSCIC                11,780,693            11,780,693
Exchange risk adjustment account               151,811,297          151,811,297
Sanchaya Patra Encashment A/C.                47,712,413            37,969,336
Legal Expenses Realisable A/C.                17,340,372            22,374,492
        1,080,901,742     1,044,059,747
9.01 Tax paid in Advance :                  Tk.         757,226,196
Opening balance               733,210,193          708,189,347
Add : Addition during the year                24,016,003            25,020,846
              757,226,196          733,210,193
Less : Recovery during the year                             -                           -  
Closing balance            757,226,196        733,210,193
9.02 Accrued Income:                        Tk.           77,338,570
(CAD & Branches)
CAD, Head office:
Interest on debenture                57,518,741            57,518,741
Rent                               -              2,729,969
Accrued income from FDR                16,342,333              6,764,651
Interest on Money at call & Short Notice                       39,476                205,973
Treasury bond                  3,164,870              3,120,690
Sub-Total:              77,065,420          70,340,024
Branch Offices':                   273,150               213,416
Sub-Total:                   273,150               213,416
Grand-Total:              77,338,570          70,553,440
9.03 Investment Gratuity & :              Tk.             9,680,000
Benevolent Fund
Opening balance                  9,680,000              6,645,000
Add : Investment during the year                               -              9,680,000
                 9,680,000            16,325,000
Less : Encashment during the year                               -              6,645,000
Closing balance                9,680,000            9,680,000
10.00 Borrowing from Other Banks,        Tk.      4,538,713,667
Financial Institutions andAgents, etc.
Inside  Bangladesh (10.01)            4,538,713,667       5,095,078,809
Outside Bangladesh (10.02)                               -            29,946,973
        4,538,713,667     5,125,025,782  
   
a) As per following segregation : Tk.       4,538,713,667
Secured - -
Un-Secured            4,538,713,667       5,125,025,782
        4,538,713,667     5,125,025,782
b) As per following maturity grouping : Tk.       4,538,713,667
On Demand                             -                           -  
On Maturity            4,538,713,667       5,125,025,782
        4,538,713,667     5,125,025,782
10.01 Inside Bangladesh :                    Tk.      4,538,713,667
BSCIC                  3,937,500              3,937,500
K.F.W. Counterpart Fund               165,929,516          165,929,517
Long Term Loan from Bangladesh Bank (Block A/c.)            3,253,582,558       3,660,280,377
Long Term Loan from Bangladesh Bank               672,386,350          768,441,543
DM 3.00 million K.F.W. Loan                11,349,194            11,961,322
Danish Credit Counterpart Fund                  7,487,224              7,487,224
Rephased Account with Government (DSL)               424,041,325          477,041,326
        4,538,713,667     5,095,078,809
10.02 Outside Bangladesh : Tk. Nil
DFL 10.00 million                             -              29,946,973
Romanian credit (EFAS)
                            -            29,946,973
11.00 Deposits & Other Accounts :    Tk.         655,424,506
Current and other accounts,etc.(11.02)               238,955,078          240,343,957
Bills Payable(11.03)                11,530,828            22,064,190
Saving Bank Deposits               237,332,751          211,208,343
Fixed Deposits               167,605,849          181,286,745
           655,424,506        654,903,235
11.01 Deposits & Other Accounts :     Tk.         655,424,506
a Payable on demand
Deposit from banks                         -  
Other than banks               122,537,976          219,377,421
           122,537,976        219,377,421
b Other deposits
Deposit from banks                         -  
Other than banks               532,886,530          435,525,814
           532,886,530        435,525,814
           655,424,506        654,903,235
11.02 Current & Contengencies :        Tk.         238,955,078
Short term Deposit A/C.                65,261,003            64,023,386
Deposit Pension Scheme                  2,004,701              2,488,123
Sundry Deposit A/C.                51,148,270            91,172,612
Current A./C.                98,804,702            75,336,480
Margin Deposits A/C.                21,679,730              6,840,184
Guarantee Margin Security Deposits                       56,672                483,172
Deposit at Call                           -
           238,955,078        240,343,957
11.03 Bills Payable A/C. :                    Tk.           11,530,829
Payment Order A/C.                  2,912,358            11,733,720
Drafts Payable A/C.                  7,957,199              8,323,554
Un-claimed Drafts & Payment Order A/C.                     451,383                450,106
Un-claimed In-operative A/C.                     209,889              1,556,811
             11,530,829          22,064,190
11.04 Deposits & Other Accounts :     Tk.         655,424,506
Payable on demand               122,537,976          219,377,421
Repayable within 1 month                21,428,507              5,199,572
Over 1 month but within 6  months               236,019,561          223,700,425
Over 6 months but  within 1 years                86,305,462            86,236,822
Over 1 year  but within 5 years               128,913,959            58,871,564
Over 5 years but within 10 years                59,557,769            59,510,515
Unclaimed deposits held by the bank more than 10 years                     661,272              2,006,916
           655,424,506          654,903,235
12.00 Other Liabilities :                       Tk.      4,222,407,614
Provision for Unclassified Loan (12.01)                78,896,950            58,517,150
Provision for classified Loan (12.02)            1,075,632,131       1,198,476,850
Accrued Expenses (12.03)                23,617,347            23,734,708
Others Funds (12.04)                  5,744,883              6,069,058
Exchange Equalization A/C.                50,014,200            54,832,397
Provision for B/D Equity               106,731,020          106,821,020
Provision for B/D Debenture               113,803,741            69,161,538
Other Provisions(12.05)               746,995,799          654,427,827
Interest Suspense (12.06)            1,413,370,559       1,424,577,653
Miscellaneous (12.07)               363,742,663          383,307,910
Advance deposit Receipts(12.08)               243,858,321          359,070,486
        4,222,407,614     4,338,996,597
12.01 Provision for Un-Classified Loan  Tk.           78,896,950
Provision held at the beginning
of the year
               58,517,150            52,459,620
Fully provided debts written off(-)                               -                           -
Recoveries of amount Previously Written Off(+)                               -                           -
Specific provision for the year (+)                20,379,800                           -
Excess provision transferred to Provision for Cl Loan (-)                               -              2,183,620
Specific Provision For Special Mentioned A/C.(+)                               -              8,241,150
Provision held at the end of the Year              78,896,950          58,517,150
12.02 Provision for Classified Loan       Tk.      1,075,632,131
Provision held at the beginning
of the year
           1,198,476,850       1,346,730,050
Fully provided debts written off(-)                93,794,719          177,688,444
Recoveries of amount Previously Written Off(+)               151,176,135                         -  
Specific provision for the year (+)                             -              27,251,624
Recoveries & provision no longer required (-)                29,050,000                         -  
Excess provision transferred from Un classified loan                             -                2,183,620
Excess provision transferred to Prior years Adjustment A/c.(-)               151,176,135                           -
Provision held at the end of the Year         1,075,632,131     1,198,476,850
12.03 Accrued Expense :                    Tk.            23,617,347
Accrued Interest                11,115,398            13,553,281
Accrued Expense                12,484,988            10,166,033
Accrued Payroll                       16,960                  15,394
             23,617,347          23,734,708
12.04 Other Funds :                             Tk.             5,744,884
Employees Provident Fund                     753,525                670,139
Employees Benevolent Fund                  1,386,402              2,750,529
Employees Gratuity Fund                  2,613,937              2,613,937
Pension & Death Cum Retirement                     991,020                  34,453
               5,744,884            6,069,058
12.05 Other Provisions :                      Tk.         746,995,799
Provision for Income tax               692,963,172          643,237,842
Provision for Bonus                17,749,062              7,500,000
Provision for Suspense Account (CAD)                                    1,100,000                668,000
Provision for B/D-BSCIC A/C                                  7843193 3021985
Surplus for National Exchequer 10000000
Provision for Legal Expenses Realised                17,340,372  
           746,995,799        654,427,827
12.06 Interest Suspense A/C              Tk.      1,413,370,559
Opening Balance            1,367,009,258       2,243,478,836
Add: Credited during the year               219,597,361       1,611,769,710
Less: Transferred to Income                48,079,182            64,817,814
Less: Written off during the year               141,899,225       1,319,509,388
Less: Adjustment during the year                37,299,204       1,103,912,086
Closing Balance         1,359,329,008     1,367,009,258
Add: Interest Suspense A/C (IDCP)                54,041,551            57,568,395
        1,413,370,559     1,424,577,653
12.07 Miscellaneous :                           Tk.         363,742,663
FCTA Exchange Premium A/C.               158,050,495          157,287,371
FCTA Penal Premium A/C.                15,615,146            15,285,280
Liabilities towards BSB & EPF                  6,394,900              6,394,900
Sanchaya Patra Sold A/C.                39,505,000            20,320,000
Inter Branch Adjustment A/C (12.07.01)               144,177,122          184,020,359
           363,742,663        383,307,910
12.07.1 Inter office adjustment account:Tk.          144,177,122
It is made up of as follows:
CAD Current Account in Branch Office Book             2,151,879,933       6,702,467,667
Branch Office Current Account in CAD's Book          (2,031,655,417)      (6,512,740,481)
LAD's Current Account in CAD's Book          (2,770,300,243)       1,883,981,848
CAD's Current Account in LAD's Book            2,803,310,898      (1,858,775,081)
Branch Office Current Account in LAD's Book            1,688,220,535       6,325,052,561
LAD's Current Account in Branch Office Book          (1,688,220,535)      (6,344,303,473)
Inter Branch Current Account                 (9,058,048)          (11,662,682)
           144,177,122        184,020,359
Total number of outstanding entries of Inter Branch Transanctions are 2350. Out of total entries Tk.36.83 
crore is debit balance and Tk. 52.16 crore is credit balance. Outstanding debit balance for 12 months or 
more is Tk. 26.22 crore and Credit Balance is Tk.27.36 crore consists of total 1612 entries.
12.08 Advance Deposits Receipts        Tk.         243,858,318
L/C Charge Received in Advance                     383,965                383,965
Commitment charge received in Advance                       81,349                  81,349
Other Deposits Received in Advance               166,442,239          184,380,001
Sundry Deposits( Cash Credit & Bridge Loan)                       85,432              2,826,298
Advance Rent Received on Bank's Premises                     517,892                933,138
Sundry Deposits( Write Off)                76,347,441          170,465,735
           243,858,318        359,070,486
13.00 Paid-up Capital : Tk. 2,000,000,000
The issued subscribed and paid-up capital of the Bank (BSB) is 2 million share of Tk. 1,000 each fully paid by the Government.
13.01 Capital Adequacy  Ratio (CAR)
There remains unadjusted capital  excess of Tk. 1,953,298,875 on Capital and reserve Account of the Bank as per requirement of section 13(2) of Banking companies Act, 1991 and BRPD circulation Nos 1 and 14 dated 9th January, 1996 and 16th November, 1996. 
a) Required Capital (9% of Risk Weighted Assets  1,000,000,000 655,995,270
or Tk.100.00 crore whichever is higher)
b) Actual Capital
i) Core Capital-Tier-1 2,650,370,400 2,212,175,124
Paid-up Capital            2,000,000,000       2,000,000,000
Special Reserve               150,889,000          150,889,000
Statutory Reserve               489,481,400          430,444,059
Retained Earnings                10,000,000         (369,157,935)
ii) Supplementary Capital Tier-2
General Provision (1% of unclassified loan)                51,665,800            50,276,000
Asset-revaluation Reserve (Capital reserve)                66,503,915            66,503,915
Perpetual sub-coordinated Debt (Quasi Equity)               134,744,560          134,744,560
Exchange Equalisation Fund                50,014,200            54,832,397
           302,928,475        306,356,872
14.00 Quasi Equity : Tk. 134,744,560
This was created as per government decision in 1982 by converting the 3rd, 5th, 6th and 8th UK credits. This 
liabity has been waived by the government of Bangladesh.
15.00 Statutory Reserve :                 Tk.          489,481,400
Movement of Statutory Reserve :
Opening Balance               430,444,059          430,444,060
Add: Addition made for the year                59,037,341                         -  
Closing Balance            489,481,400        430,444,060
16.00 Other Reserve :Tk. 392,355,487
16.01 Capital Reserve :                       Tk.           66,503,915
Opening Balance                66,503,915            66,503,915
Add: Appreciation made for the year                             -                           -  
Closing Balance              66,503,915          66,503,915
   
16.02 Revenue Reserve :                   Tk.          150,889,000
i) Special Reserve
Opening Balance               150,889,000          150,889,000
Add: Appreciation made for the year                             -                           -  
Closing Balance            150,889,000        150,889,000
ii)Reserve for unforeseen losses: Tk.                560,000
Opening Balance                     560,000                560,000
Add: Appreciation made during the year                             -                           -  
Closing Balance                   560,000               560,000
iii) Building Fund :                     Tk.           65,241,000
Opening Balance                65,241,000            65,241,000
Add: Appreciation made for the year                             -                           -  
Closing Balance              65,241,000          65,241,000
iv) Special Assistance Fund :     Tk.          109,161,572
Opening Balance               109,161,572          109,161,572
Add: Appreciation made for the year                             -                           -  
Closing Balance            109,161,572        109,161,572
17.00 Profit & Loss A/c.  :                   Tk.          128,762,671
Opening balance             (369,157,935)         (704,212,704)
Less: Profit during the year               497,920,606          335,054,769
           128,762,671      (369,157,935)
18.00 Interest and discount :              Tk.          608,233,162
Interest on F.C. loans                               -              1,110,472
Interest on taka loans               245,795,654          175,162,427
Interest on amount due                82,470,765          110,593,462
Interest on money at call & short notice                11,984,062            64,586,158
Interest on term deposit               201,614,167          181,937,987
Interest on F.C. A/c. with Bangladesh Bank                     785,825                795,403
Interest on government securities                  7,996,530            12,132,890
Interest on advance                57,586,159            42,918,437
Income from Reverse Repo                582,418
           608,233,162        589,819,654
19.00 Interest paid on Borrowing,     : Tk.            56,329,280
Deposit, etc.
Interest on F.C Borrowing                   1,035,354              4,508,992
Interest on  Borrowing from B. Bank                38,942,376            34,455,535
Interest on Deposit at call                       58,694                           -
Interest on F.D. Account                  8,766,775            18,344,846
Interest on S.B Account                  6,797,478              6,115,547
Interest on STD Account                     443,455              1,715,851
Interest on Deposit Pension Scheme                     285,148                517,117
             56,329,280          65,657,888
20.00 Investment Income :                 Tk.            29,416,110
Income from Other Equity Investment                  8,074,867              8,209,166
Profit on sale of shares                18,261,490              2,686,956
Commission on Purchase/Sale of Securities                  3,079,753                871,839
             29,416,110          11,767,961
21.00 Commission, Exchange         :      Tk.             3,181,051
& Brokerage
Interest & Commission on F.C. Guarantee                               -              3,355,962
Commission on F.C./ L.C.                     645,988            39,218,916
Commission on Bills for Collection                     965,561              2,899,997
Exchange Commission                  1,569,502              2,633,767
               3,181,051          48,108,642
22.00 Other Operating Income :          Tk.           50,327,721
Rent on Bank's Premises                46,559,785            44,023,777
Profit on Sale of Assets                     442,498                341,983
Exchange Risk Commission on F.C. loan                        1,097                  91,884
Technical Examination Fees                  2,013,614              3,806,296
Amendment Charges                        1,000                    1,000
Legal Amount & Documentation Charges                     442,012                554,098
Miscellaneous Earnings                      867,715              4,180,496
             50,327,721          52,999,534
23.00 Salaries & Allowances :             Tk.         213,396,106
Salary Allowances               129,637,240          113,279,634
Income Tax paid on A/C. of employees                  1,705,669              1,217,305
Staff overtime Allowances                  3,899,390              2,776,019
Employees Gratuity, Pension & Benevolent                48,444,398            44,053,505
Staff welfare facilities                  1,482,050              1,292,400
Staff education expenses                     359,920                143,825
Bonus                28,346,361            15,827,564
           213,875,028        178,590,252
Less: Managing Director's fees                     478,922                357,243
           213,396,106        178,233,009
24.00 Rent, Taxes, Insurance,         :   Tk.           10,349,331
Lighting, etc.
Rent & Property Taxes                  4,390,865              4,288,569
Electricity, Light & Gas                  4,754,522              5,911,521
Insurance                  1,203,944              1,042,108
Telex, Rental & Charges                               -                  22,326
             10,349,331          11,264,524
25.00 Law Charges :                          Tk.                682,543
Legal & Documentation Charges                     371,375              1,160,377
Professional Charges                     311,168                213,518
                  682,543            1,373,895
26.00 Postage, Telegram & Telephone:Tk.             3,332,759
Postage & Telegram                     224,976                160,305
Telephone-Local & Trunkcall                  3,107,783              2,432,995
               3,332,759            2,593,300
27.00 Stationary, Printing &  :            Tk.              3,320,978
Advertisement
Printing & Stationary                  2,451,052              3,321,774
Advertisement                     869,926              1,321,908
               3,320,978            4,643,682
28.00 Director Fees : Tk. 395,545                   395,545               479,505
29.00 Depreciation & Repair of   :      Tk.           18,092,232
Fixed Assets
Depreciation of fixed assets                  9,487,160            11,656,136
Repair & maintenance of bank's properties                  8,605,072              9,043,306
             18,092,232          20,699,442
30.00 Dab Debt written off during this year is inconnection with the staff loan.
31.00 Other Expenditure :                   Tk.           30,900,245
Repairs of rental property                           900                       900
Entertainment                  1,630,694              2,806,885
Donation & subscription                     743,902                771,470
Sundries                  2,194,476              3,298,871
Books and periodicals                     107,133                  88,539
Staff canteen facilities                  7,431,079              7,455,710
Business development expenditure                     157,020                128,250
Expenditure in minor assets                        7,390                  17,207
Staff training expenses                     264,572                581,136
Liveries & uniform                     752,672                451,517
Local conveyances                  1,251,814              1,425,324
Staff medical facilities                     653,394                792,014
TA/DA & conveyances                  3,714,718              3,185,132
Motor car running expenses                  4,736,759              4,652,815
Staff bus facilities                  5,705,820              4,925,625
Other expenditure                     291,939                531,397
Stock exchange charges                     472,330                281,335
Parity recording difference suspense A/C.                     521,115                519,692
Profit or loss on sales of  Marketable securities                     262,519                           -
Difference in paisa account                           -
             30,900,245          31,913,819
32.00 Provision for Loan Loss,             58,565,583
Investment, & Others:Tk. 
For Special Mentioned Account(SMA)                               -              8,241,150
For classified                               -            27,251,624
For Investment (Debenture)                44,642,203                           -
For others (BSCIC, Legal Expense, & Suspense)                13,923,380                           -
             58,565,583          35,492,774
33.00 Operating profit before change in operating Assets & Liabilities
Net profit /loss before income tax                       497,920,606          335,054,769
Less:Prior years' adjustment               (51,869,525)          (10,849,048)
                   446,051,081          324,205,721
Add: Depreciation                           9,487,160            11,656,136
                   455,538,241          335,861,857
Less: Accrued income               (19,819,829)          (13,034,699)
                   435,718,412          322,827,158
Add: Accrued Expenses                         11,115,397            23,719,314
Add: Provision                         58,565,583            35,492,774
           505,399,392        382,039,246
34.00 Closing cash & cash equivalent
Cash in hand                           4,842,230              5,652,376
Balance with Bangladesh Bank (Including Foreign Currencies)                       218,757,009          327,753,972
Balance held with Other Bank                         26,932,509            21,387,129
Closing Cash & Cash Equivalent             250,531,748        354,793,477