Profit and Loss Account
For the year ended 30 June, 2007
 Notes 2006-2007 2005-2006
Taka Taka
Interest and discount 18    608,233,162     589,819,654
Interest paid on deposit, borrowing, etc. 19     (56,329,280)      (65,657,888)
Net Interest Income    551,903,882     524,161,766
Investment income 20      29,416,110       11,767,961
Commission, exchange and brokerage 21        3,181,051       48,108,642
Other operating income 22      50,327,721       52,999,534
Total Operating Income    634,828,763     637,037,903
Salaries and allowances  23    213,396,106     178,233,009
Rent, taxes, insurance, lighting, etc. 24      10,349,331       11,264,524
Law charges 25           682,543         1,373,895
Postage, telegram, telephone and stamps 26        3,332,759         2,593,300
Auditors' fees           127,000            127,000
Stationery, printing, advertisement, etc. 27        3,320,978         4,643,682
Managing Director/Chief Executive's fees           478,922            357,243
Director's fees  28           395,545            479,505
Depreciation and repair of fixed assets 29      18,092,232       20,699,442
Sale from or dealing with non-banking assets
Bad debts write off 30           312,574       25,653,989
Other expenditure 31      30,900,245       31,913,819
Total Operating Expenses    281,388,234     277,339,408
Profit before Provision     353,440,529     359,698,495
Loan Loss Provision 32                   -         35,492,774
Provision for investment      44,642,203                    -  
Others      13,923,380                    -  
Total Profit after Provision    294,874,946     324,205,721
Prior years' Adjustment    203,045,660       10,849,048
Net Profit for the year    497,920,606     335,054,769
Accumulated loss brought forward   (369,157,935)    (704,212,704)
Net Profit(Loss) after adjustment but before provision for tax    128,762,671    (369,157,935)
Provision for Taxation      49,725,330                    -  
Net Profit after tax      79,037,341    (369,157,935)
Appropriations:
Statutory Reserve      59,037,341                    -  
Surplus for National Exchequer      10,000,000                    -  
Retained Earnings transferred to Balance Sheet      10,000,000                    -  
Total:      79,037,341    (369,157,935)
The annexed notes form an integral part of the Profit and Loss Account.
Deputy General Manager                               General Manager                                     Managing Director
Director                                                          Director                                                         Director
This is the Profit & Loss Account referred to in our report of even date.
Khan Wahab Shafique Rahman & Co.                   Rahman Mostafa Alam & Co.
Chartered Accountants                   Chartered Accountants
Dated: Dhaka
November 15,2007