bank as at 30 june 2015

hprf:P(B-201s

K. M, HASAN & CO.

Chartered Accountants

Hometown APartment

18th & gth Floor)

87, New Eskaton Road, Dhaka'1000

Phone: 9351457, 9351564

Fav.:88'02- 9345792

Eilai : [email protected]

web:www kmhasan com

AUDITORS' REPORT

&

AUDITED FINANCIAT STATEMENTS

OF

PROBASHI KALTYAN BANK

As at 30 June 2015

AHMAD & AKHTAR


BclC Bhaban

3rd Floor

30- 3l Dilkusha c/A

Dhaka - X000

Phone: 88-02-9561289, 717413 2

Fax: 88-02-9564366

E-mail: aacanol20@gmail com

Contents

sl. Pate No.

7 01-02

2 03-04

3 05

06

5 Statement ofchanger in EqultY a)

6 08

Notes to the FinancialSlatements 09-24

8 Hlshlishts on the overalL activiti€s of the Bank 29

9 Fixed Assets scheduler (Annexure " A) 30

K. M. HASAN & CO.


Auditors'Reportto

the Shareholders of Probashi Kallyan Bank

we have audited the accompanylng financial statements of Probashi Kallyan Bank (the "Bank") which

comprise the balance sheet as at 30 June 2015, profit and loss account, statement of chang€s In equity and

statem€nt of cash flows for the year then ended and a summary ofsignlflcant accountlng policies and other

explanatory inf ormatlon.

Managements Responslblllty for the Financlal Statem€nts

M anagement Is responsib,e for the preparatlon and fak presentation of these financlat statements of the

Bank in accordance wlth Bangladesh Financial Reporting Standards (BFRS), Probashi Kallyan Bank Act 2010,

applicable rules and regulations lssued by the EanBladesh Bank and other applicable laws and regulations'

The responsibillty includes; designing. implementing and maintalning internal contro' relevant to the

preparation and fair presentation of financial statements that are free from material misstatement'

whether due tofraud or error; selectlng & applylng approprlate accounting policies; and making accounting

estimates that are reasonable in the circumstances.

Audltors' Responslbility

Our responsibillty is to express an opinlon on these flnancial statements of the Bank based on our audjt'

We conducted our audlt in accordance with Bangladesh standards on Audjting {BsA) Thos€ standards

require that we comply with ethlcal requkements and plan and perform the audlt to obtaln reasonable

assurance aboutwhetherth€ flnancial statements ofthe Bank arefree from materialmlsstatement

An auditinvolves performing proceduresto obtaln audit evidence aboutthe amounts and disclosures in the

financial statements. The procedures selected depend on our judgment, includlng the assessment of the

risks of material misstatement of the ffnancial statements of the Bank, whether due to fraud or error' ln

making those risk assessments, we consider internal control relevant to the entity's preparation and fak

presentation of the financial statements of the Bank in order to design audit proc€dures that are

appropriate in the circumstances, but not for the purpose of expressing an oPinlon on the effectiveness of

tie entity's internal control. An audit also includes evaluating the appropriaten€ss of accounting policies

used and the reasonableness of accounting estimates made by manaSemen! as well as evaluatlng the

ove.all presentation ofthe fina ncial statements ofthe Bank.

we believe thatthe audit evid€nce we have obtained is sufficientand appropriate to provide a basisforour

audit opinion.

AHMAD & AKHTAR


[r).01

oplnion

In our opinion the financial statements ofthe Bank prepared in accordance \/ith Bangladesh Financial

*"r*"! ji."o"* ftt*s), glve a true and fairvlew of the financial position ofthe bank as at 30 'lune 2015

and ofthe results of lts financlal performance and lts cash flows for the year then ended and comply with

inJ rJ".r,i*"t,r"n ,"nk Acr 20x0, appticabte rutes and regulations issued bv Bangladesh Bank and other

applicable laws and regulations'

We also report that:

i) we have obtained all the lnformation and explanations whlch to the best of our knowledge and

belief were necessaryfor the purposes of our audit and made due veriflcation thereof exceptthose

matters mentioned inthe letter to the management;

ii) in our opinion, proper books of account as required by law have been k€pt by the Bank so far as it

appeared from our examination ofthose books:

iii) the balancesheetand profit and loss account ofthe Bank dealtwith bYthe reportare in agreement

with the book of account and returns exceptthe lssues discussed in the letter to the management;

iv) the expendlture incurred wasforthe purpose ofthe Bank's business;

v) the financial position of the Bank as at 30June 2015 &the profitfor the yearthen ended have been

" o."o"rV r*,"""0 in the financlal sta;ents & the financlal statements of the Bank have been

ir"i"r"a in """o14"n."

*lth the generally accepted accounting principles;

-l\rhAfinancialstatementshavebeendrawnupinconformitywiththePlobashiKallyanBankActand'" in

""aorarna" *itft the accounting rules and regulations issued by Bangladesh BanK'

vii) the financial statements of the Bank conform to the prescribed standards set in the accounting

regulations issued by Bangt"a""h e'ntli"t "ont'ltation

with the prof€ssional accounting bodies of

a;Li".l, "*."pt

ti''" ittues discussed in the tetter to the Management'

vlii) the information and explanations requked by us have been received and found satisfactory;

ix)therecordsandstatementssubmittedbythebrancheshavebeenproperlymalntainedandinthefinancial statements, exceptthose matter; mentloned in the letter to the management;

"l we have reviewed ov€r 80% of the risk weighted assets of the Bank a nd we have spent around 1'040

^' .rn ior" fo,,r'" audit ofthe books and accounts ofthe Bank;

xi) Adequate provlsions have been made for loans and advan€es which are in our opinion' doubtful of

xii) :::ff]; , *" Risk Management lssued bv Bansladesh Bank circular no xT dated 7 october

2OO3 are Yetto be complied'

Other Matter

ThefinancialstatementsoftheProbashiKallyanBankfortheyearended30June2014-wereaudltedjointlyby M/s. Aziz Hatim Khair cf'o'aflu|' ctt"'t"'lil"to'ntants ana v/s rlan wahab shatique Rahman & co '

chartered Accountants aLlditorwho expressed an unqualified opinion on 20 October2014'

K. M. HASAN & CO.


K M, HAsAN & CO.

:_3iered Ac.oLrntants

:::eC Dhaka

AHMAD & AKHTAR


}ffiil\hB(-

:: :?oiember 201502

Charte

Ur!

K, M. HASAN & CO.

Chartered Accountants Probashi Kallyan Bank

Balance SheetAs at30June 2015

AHMAD & AKHTAR

Chartered Accouniants

30.06,2014

!c&30.06.20ls

PROPERTY AND A55ETS

Cash in hand (lncludlns foreisn cunencies)

Balance with Bansladesh Bank & its asent bankG) ( fcludinBfore sn

Balan.ewithotherbanks&financialinstltutions

Money at.allon short Notice

Loans, Cash Credit& Overdcft etc.

BiLs purchased & discounted

Fixed arseB including premises, furnit!re and fixturcs

LIAAILlTIES AND CAPITAL

Boftowlngsfrom other banks, financial lnstitutions and agents

Deposits and otheraccounte

current Accounts and other accounts

sav ngs Bank DePosits

Shod Nouce DePosts

Deposit Pension Scheme

capital/shareholders' EqritY

!Jr! us ii Proflt and Loss A/c

Total shareholdert' Equity

rota Liabilitiet and Shareholdert' tquity03

2.O41.1A7 .246 7.772.r91,97 4

10

11 751,7t8,6632,5-7a,575

6,520,A79

108,05s,808

!4,264,26762

544,015,629

4,754,472

30,841,437

5,575,7A6

5A2,79

71 134,099,576 91,346,396

8a5,a18,239 6t5,362,O25

13

74

15

16

18

1,000,000,000

52,755,819

49,619,334

13,157,A27

7.769

L136,a29,949

1,772,197,974

Db.l, l

1 1n96.977I 1nq6s77ll - I

^ 1477.101.917 L1Aa,592,732

rryr*ry1

435.510,087 290,172,085

2a,782,039

98,495,205

21,271912

11,!55,245

1,000,000,000

63,639,88555,\21,16716,41a,043

21,729,712

1,157,369,007

2.043,7a7 ,246

5

6

a

9

K. M. HASAN & CO.

chartered Accountants

30.06.2015

Ele

AHMAD&AXHTAR


30.06.2014

Ici!

off-Balance Sheet ltems

Acceptanc€s and Endo6ements

lrrcvocable Letters of Credlt

Bilk 60r collection

oth€r contingent Liabilltles

fotal:

oocumentary credits and short term tlade_related kantactlons

rorward assets purchas€d and forward d€posits placed

undrawn note issuance and revolvlng underwriting facilities

Undrawn formal standbv facilitiet, credit llnes and other commitfr ents

rotal Off'Balanca sheet ltems ln.ludlry contlntent llabilities:

€lalstatem€nts should be read ln conjunctlon wlth the annexed notes

slgned in terms of ourannexed rcpon ofeven date'

/yJ"^--)-"'(. M. IASAN & CO.

charteredAccountants

Dared, Dhaka

\ffi**-s<Chartered Accountants

04

K. M, HASAN & CO.

ararterd Accountants

AHMAD &AXHTAR

Charlered AccountantsProbashi Kallyan Bank

PrcIit & Loss AccountForthe vear ended 30lune 2015

20t4-20a5 2011-2014

EIe Etc

riterest paid on deposits and botrowirgs etc.

Comnission, exchange and brokerage

OlheroperaunC income

ToraloperatinB incone

Rent, taxe5, insuran.e, e ectrlclty etc.

Post.ae, newspaper, stamp,telecommun cat on etc

Stationery, Prinung5, Advertisements etc.

Chlef Execut ve's salarY and fees

Charg€s on oan losses

oepreciatlon of bank's ar3ets

R€palrofbankta$ets

Total oPerating expenses

Prorit/lo$ betore Provisioi

Provislof for d mlnution lnvahe ofinvestments

Iot.l provision for Loansand Advancet

Total Prof itlLoss bef ore tarcs

Provision for laxationProv sion ior CutrentTax

Provislon for Delerred Tax

Net Prollt aft er Taxation

22

23

74

25

26

77

79,495,434

31

25.075.504 16,508,6(M

34,420,3t0 70,549,701

se financial statements thould be r€ad In

X. M, NASAN & CO.

Chaftered Accountants

Manacingoir.dor

Sicned ln t€rms olour a.nexed Ifffik$SoqCharteredAc.ountants

"*

rq I 208.673.080 ll 202,032,639 I

zo | (oo,ggr,gue)l | (sz,zoo,g+g)l

,47,779,754 !44,331,791

[.;;L_--;zr I r:,srzrqsII szrl,r:sI

7A

29

30

11,546377rs6,01&168

l' z6-rn,E1I e.zlg.er: I

I r.o:s,gr: II r.rzo.sss I

I z,agt,on II srs.zoo II ae.sso II *o.ooo Itt| ,,rur.o* II tzteq I

I ro,rzg,zz: I

6A,959,862

87.058,305

f r4so8"6o4 IttI ,,ooo.ooo I

2r-128.61rc 29,9a1,623

rr I 23.128.64011 29,983,6231

llll----314lf49-

34

12,244,5753.13

t2,146,7984.06

conlunciion with the annexed

05

8,951,811

1,569,053

2,956,729

819,200

233,454100,000

9,s93,515746,000

K, M, HASAN & CO.

Chanered Accountants

Probashi t(allyan Bank

Cash Flow StatementForthe v€ar ended 30 June 2015

06

AHMAO & AKHTAR


20!3 - 2014

r432014- 2075

Isle

Cash !lows f rom ooeratinr a.tivities,,6.e!,,4cepJn(a.h f,","-r--:'#l f.'---_',,,,,.#l.re,"J oa?Telrs I -- - I

o .ioe.o, rP.e prr I ---l I . "." ". "lfee o1o .oln .*ior ,.' "ips 1,a'1 ] r0'6'g{'381 ]

/'Brbr'@l

B"ro,elF(or odr(p'elrorlvw rlrelorl I ,r.,.Uo,rro,l(d'|-oa)m"nl'loemolovPP' ,::,1::'l]:ll

1r5r5,442j]ca.,pd,fe1.5rosLpor'"'. I ,,;;;.;;.;l I ,","*o,,rL.r one r".es od.d ir"'iirdt ,o'l.o,r.rrrlqe.,.o.. . or o,1e.oo"rar .e d.,i. L,F. , ,e -.s,G, :)i ^"^.lr,j rr.-", ^r,Dd,-e.t.lorothelopelall18a.t,'ie'te_,$i!c'Oper.ting Profit before changes ln operatlngattets and liabilitie's 2'7'266''00 71's93'199

tncrease/oecrease ln oreratine asets and l;abilnles (112'so'sog) a-!!jf'!{3lltt

pL, 1a.e/ " e oi t roilg ,e.u. ue' 3-J,.)6,1,.a ,,or..,O,Or.l.r1.&ad/anF(ro(L+ome'. l.l .r-041.or,e,a.e,,,rem-rker I I I

D"po.nsr,oro,t.'bdr,r Lor.ror.o o I ,r..r*..-l0"oo,,.. om.L Lore-, I

-ir.or. ,o_l ] I

other liabllties (it€m wGe)

Netcarhiiomoperatingactivitles - t18'4.l'7i,1 - 14!'!B63'z4)

(a\h llo$ fiom inve5li.q adivities --.i;-:;;;l

f- L;#;lo-.!lr.eolpooerv.olanr&"q-'prert I *"-'' l -''-

rd -olp'op.1v P alr&eoJ Pr'.1Netcashtrom investinS activities iro'oo:'ggz) (9'266'813)

cdsh flows from finan(ine acriviti.(..,.J.6.,Dpr.6r5-1ol o-Ere mbo-o$,.s I ,,,0.,.rr. 1 ,or,".,ruLo, oer o'a o

Net cash from financin8activitlet l7t'o52'632], (10'525'316)

\" r,rea'e/de.rcd\e.a!l- -

-ob sobrb'zl --'6'J"o'05'

.a.n"no,d(lcoLracrr!arb'B,i.epe.oo | 'tu"",z" I r'or'rez'rs'

.ash ard cash equivalents aiend olperiod --]'^*4"'"!- -JipEtl"

AnaLysisoi cash and cash equivalents at end o' period

f,loiet al ca lon shdtnoticc

, _ r,"*,r*,*1, __1Ee!32

rhe'€Klc.. {aLcmert1<r'o'looereadil milnroas'lrherr'7rc

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K, M. HASAN & CO.

Chart€red Accor.rntants

AHMAO & AKHTAR


Probashl Kallyan Bank

Notes to the Financial StatementsFor the vear ended 30June 2015

1 The bankand its activities

1.1 Reporting entlty

Probashi Kallyan Eank was established under Go\t. gazette notification dated 12 october 2010

under Probashi Kallyan Bank Act 2oLo (Act no. 55 of 2010). The requircments of the Bank

Companjes Act and other prevailing R€gulatlons related to the Eank Companies Act are not

appliceble tothe Bank exceptthe'Flrst Schedu,e' (sectlon no, 38)ofth€ Bank companies Act 1991,

as amended bY the BRPD Circular no. 14 dated 25 June 2003, other Bangladesh Bank circulars and

other laws and rules applicable in Bangladesh oras mentioned ln the Act.

1,2 Naturc ofbuslness

The Probashi (allyan Bank ls a specialized bank incorporated for the well belng of the emigrant

people. The bank provldes its customers different services i.e. accepting deposits, oxtending loans &

advances, collection of foreign remittanc€, money transfer etc.

2 Basis of preparation and siSnlflcant accountlng policies

2.1 Basls ofprcparatlon

The financialstatements ofthe bank for the period form 1st July, 2014 to 30 June 2015 have been

prepared underthe historicalcost convention and in accordance with the ProbashiKallyan BankAct

2010, the 'Fkst Schedule' {sectlon no, 38) of the Bank Companies Act 1991, as amended by the

BRPD Circular no, 14 dat€d 25 June 2003, other Bengladesh Bank circulars and other laws and ru'es

applicable in Bangladesh. ln case the requirement of provisions of the Probashl Kallyan Bank Act

2010 differ with those of other re8ulatory authorlties and accounting standards, th€ provisions of

the Probashi Kallyan BankAct2010shall prevail.

However, the Bank has departed from some requirements of BFRss in order to comply with the

rules and regulations of Bangladesh Bankwhjch are dlsclosed below:

2.1.1 cash flow statement

BFRS: Cash flow statement can be prepared either in direct method or ln lndirect method The

presentatlon is selected to present these cash flows in a manner that ls most appropriate for th€

business or lndustry. The method selected is applied consistendy'

Banglad€sh Bank As per BRPD Circular No. 14 dated 25 June 2003, cash llow is a mixture ofdirect

and Indirect methods.

2.1.2 Loans and advanae net of provision

BFRS: Loans and advances should be presented net ofprovisions'

Bangladesh Bank: As p€r BRPD 14, provlslon on loans and advan€es are presented separately as

liability and cannot be netted offagainst loans and advances'

2.2 Functionalandpresentationcurrenay

The flnancialstatements ofthe bank are presented in Taka which

Financialinformation have been rounded off tothe nearestTaka'

09

is the bank's functional currency.

K. M. HASAN & CO.


AHMAD & AKHTAR


2.2 Useofestimatesandiudgments

The pr€paration of the financial statements of the bank in conformlty with ERPD Ckcula' no 14

dated 25 June 2OO3 requlres management to make judgments, estimates and assumptions that

affect the appllcation of accountlng policles and the reported amount of assets' liabilitles' income

and expenses. Actual result maydifferfrom these estimates'

Estimates and underlylng assumptions are revjewed on an ongoing basls Revisions to accounting

estimates are recognized ln the perjod In which the estimate Is revlsed and in any future p€riod

ThebankmaintainsitsbooksofaccountformainbusinessmanuaL]Ywherejnsomecasesmaintairsthrough software automation

Foreign cu rrencY transaction

TheBankhavebeenawardedl]mitedl]censetotransactforeigncurrenc]esandauthorizedtoreceive foreign currency directlY. The Bank shall have to report the transaction through anY AD

Branch of Ag;ani Bank Accordingly the Bank have approached to agranl Bank' Main Branch and be

able to transact foreign currency verY soon.

Reporting period

The accounting period of the bank has been determlned to be from 1 July to 30 I une each year and

igfollowedconsistently'Thesefinanc]aIstatementscoverstheperiodfromlst.]u1y,2014to301une,2015.

Cash Flow Statement

Cash Flow Statement has been prepared ln accordance with Eangladesh Accountlng Standards BAS

7: ' statement of Cash F ows' and under the guidellne of Bangladesh Bafk BRPD Circu dr No 14

dated25]Une2003.ThestatementshowsthestructureofchangesincashandcasheqUivalentsduring the financial Year.

Statement of changes in equitY

2.4

2.5

2.7

z.a

10

Ihe stat€ment of changes in equity refl€cts information about increas€ or decrease ln net assets or

worthoftheBank.statementofchanSesinequityhasbeenpreparedinaccordancewithsr;gtr,lurh n".orntlng Standards BAS_1: 'Presentauon of Financlal statements' and relevant

guldelines of Bangladesh Bank.

K. M. HASAN & CO.

;hartered Accountants

AHMAD & AKHTAR


2.9 Liquidity statem€nt (asset and Liabllity Matu ritv analvsis)

The liq!!dity statement has been prepared in accordance with remainlng maturity grouping of

Assets and Liabilities as of the close of the year on the following basis;

a) Balance with other banks and financlal lnstilutions, money at cal and on short notice etc' on

the basis of their maturitY term;

b) lnvestments on the basis oftheir residual maturityterm;

c) Loans and advances on the basis oftheir repayment/rnaturlty schedule;

d) Fixed assets on the bas s oftheir useful llves;

e) Otherassetsonihebasisoftheiradjustment,f) Borrowingsfrom otherbanks and financiallnstitutiors, as perthelrmaturity/repavmentterm;

g) Deposits and otheraccounts on the basis oftheir maturityterm and behavioralpast trendi

h) Otherlongterm liabilitY on the basis oftheir maturitvtermi

i) Provisions and other iabiities on the basis oftheir settlernent;

2.10 Cash and cash equivalents

cash and cash equivalents include notes & coins on hand & ba arce with other banks & financial

lnsutuuon.

2.11 lnv€stments

Noinvestmenthas been made bythe Bankas vet'

2.12 Loans, advances and provisions

(i) Loans and advances

Twotypes ofloans are belngdisbursed by the bank, such as Mi8ration loan and Rehabllitation loan

(ii) Securities against Loan

Migration loan:

Pe rsona I guara ntee ls consldered as the securitv against the mi8ration loan'

Rehabilitation loan:

Personal guarantee and collateral both are consldered as th€ security against the rehabilitation

loan

(iiil Prcvlslon for loans and advances:

Provision agalnst loans and advances has been made @ 5% on total outstanding loan at each Year

ended as p;r decision of the Board of Directors in lts meeting held on september 22' 2013'

11

K. M. HASAN & CO.

Chartered AccountantsAHMAD & AKHTAR


2.13 Flxed assets and depreclatlon

Fixed assets are recognlz€d If lt ls probablethatfuture economic beneflts associated with the assets

willflow to th€ Bank and the cost of the assets can be reliably measured.

{i) Flxed assets are stated at cost less accumulated depreclatlon as per Bangladesh AEcounting

Standards 8A5-16| 'Property, Plent and Equipment'. Acquisition cost of an asset comprises thepurchase price and any dlrectly attributable cost of bringlng the asset to working condltion forits intended use,

(ii) Depreciation is charged at the following rates on a,l flxed assets on the basis of estimated

useful lives as determined by management of the bank. ln all cases depreciation ls calculated

on the Straight [ine method.

(iii) Depreclation rates used for each type of fixed assets a re as follows:

Category of fixed assets Rate of depreciation

Furnlture and fixtur€s

offlce Machineries

Ofrice Equipm€nts

ElectricalEquipments

Vehicles

LO.O0%

20.oo%

ts,o0%

20.oo%

20.00%

(iv) Repairs and maintenance are charged to profit and loss account as expense when incurred.

(iv) Depreciation is charged on addltlon commencing trom the date of acquisition an d d€preciationjs charged on disposalitem uptothe date ofdlsposal.

2.14 Other assets

Otherassets include all other financial assets and include fees and other lJnreallsed income

receivable, advancefor operating and capitalexp€ndlture and stocks ofstatloneryand stamp.

2.15 Receivables

Receivables are recognized when there ls a contractual rlSht to receive cash or another {inancial

asset from another entitY.

2.16 Deposlts and otheraccounts

Deposits and otheraccounts lncludes savings deposltand fixed deposits,

2.17 Other liabllltles

otherliabilltlescompriseitemssuchasprovislonforloansandadvancesfnvestments/otherassets,taxationandalsoincludesinterestpaYable,accruedexpensesetc'.otherllabilitiesarerecognlzedinthe balance sheet according to the guldelines of Bangladesh Bank, lncome Tax ordjnan'e 1984 End

internal poljcy of the ProbashiKallyan Bank.

12

K. M, HASAN & CO.

Chartered A€countants

AHMAD & AKHTAR


2.20

2.18 Statutory rcseave

As per section 24 ofthe Bank Companles Act 1991it is r€quked for the bank to transfer 20% of its

current year's proflt after tax to reserve untilsuch reserve equals to its paid up capital'

2.19 Provision Ior taxatlon

Current Year tax

Provislon for current income tax has been made @ 42 50% as pres€ribed in the Flnance A€t 2015 of

the proflt made bythe Bankconsidering majortaxable allowances and dlsallowances'

Revenue retognition

The revenue during the vear has been recognized tol owing alL conditions of revenue recognitions as

prescribed by Bangladesh Ac.ounting Standards BAS_18: Revenue"

lnterestonunc|assified|exclUdingspec]alMentionedAccount(stv]A)]loansandadvanceshavelu"n

"."ornt"a to,

", income on accrual basis' Lnterest from balance with other banks (FDR & STD)

has been accounted for on cash basis and accrued basls'

Fees and commission income

Feesandcommiss]onincom€arisesonservic€sprov]dedbythebankandrecognizedor1a..shreceipt bash.

lnter€st paid on borrowings and deposits

Lnterest paid on borrowings and deposiis are caLcLrlated on 360 days in a year and r€cognlzed on

cash basis.

0)

(ii)

(ii0

(lv) lnterest income from lnvestments

lnterest income on lnvestments in FDR is accounted foron cash basis

(v) Managem€ntandotherexpenses

Expenses incurred bythe Bankare recognized on actueland accrualbasis'

2.21 Earnings Per share

Earnings per share (EPS) has been computed by divlding the Profit

averag-e number of ordinary shares outstanding as at 30 Jun€ 2015 as

Standards (BAS)_ 33;'Earnings per Share''

13

X, M. HASAN & CO.

:_a.tered Accountants

AHMAD & AI(HTAR


2.22 Complianceof BanBladesh Financial R6porting Standards (BFRS) and Bangladesh AGcountlng

Standards (BAS).

while preparing the financial statements' Probashi Kallyan Bank applied most of BFRS and BAs as

adopted by ICAB. Details are glven below:

r;I" ii s;sl"d".h Frnancial Reporling standard5 {BFRs)N/A

N/A

N/A

N/A

N/A

2

3

5

6

7

8

E;rtr;Ad"ptl;, "f 8",c1"d",il"'"ld R€porting Standards

share-Based PaYment

gusiness combinatlons

lnsurance Contracts

Non- CurrentAssets Held forsale and Discontinued Operatlons

Explorationforand Evaluation of Mineftl Resource

Flnancial lnstruments: Disclosures

i-""ormingst"na"ras(gAs)Applied

Applled

N/A

Not applled

Applied

N/A

Applled

N/A

Applied

N/A

1

2

7

8

10

11

72

t6L7

18

19

20

2l23

24

26

27

28

32

33

3436

31

38

394041

pre-semation of Financial Statements

Statement ofCash Flows

Accounting PoLicies' Changes in Accounting Estimates and Errors

Events Afterthe Balance sheet Date

Construction Contracts

Property, Plant and Equipments

Employee Benefits

Accountingfor Govt. Granttand Disclosure of Government Assistance

The Effects of Changes in Foreign Exchange Rates

Borrowing costs

Related Party Disclosures

Accounting & Reportlng by Retirement Benefit Plans

Separate Flnancial Statements

lnvestments in Associates & loint Venture

Financial Instruments: Presentatlon

Earnings Per Share

lnterim Financial RePorting

lmoairment of Assetsprolvistons, Contingent tlabillties and Contingent Assets

htansible Assets

iin"n-.irt tnrtrr."nt.' n"cognition and lvleasurement

lnvestment ProPertY

14

rtIIItIItItIIIIIItIIIT

K, M. HASAN & CO.


AHMAD & AKHTAR


2.23 Related party dlsclosures

As per Bang,adesh Accounting Standards BAs_24: 'Related Party Disclosures', parties are consldered

to be related if one of the party has the ability to control the other party or exercise significant

influence overthe other party in ma king financla I and operating d€cislons.

'fhe Bank provides banking serulcetothe emigrant and returned people In the form ofadvances but

the bank had no transa€tions with the directo6 ofthe bank as a related party.

(i) Board of Direators oI ProbashiKallyan Bankend thelrlnterestin thebank

{ii)

(ii)

sl.Name of Directors

Name of the firms/compani€s/lnstltutions in whlch they have

Status wlthProbashi Kallyan

1 Dr. Khondak€r lftekhar Haider secretary, Minlstry of Expatrlates'

Welfare & Overseas EmPloymentChairman

2 Ms, Begum samson Nahar Director General(Additiona Secretary)

, Bureau of Manpower, EmPloYment &

Training

Director

3 Syed Mabinul Haque Director Genera I (Monitoring Cell),

Ministry of Finance, Bangladesh

secretariat. Dhaka

Director

4 Mr. GokulChand Dash Additional Secretary Bank & tinance

Department, Mjnistry of Finance Director

5 Mr. Md. Hazrat Ali Additional Secretary Ministry of

€xpatrlatesr Welfar€ & Overseas

Employment.

Director

6 Mr. Md. Mojibur Rahman JointSecretary (Admin &

Development), Ministry of Labor and

Employment, Bangladesh Secretariat,

Dhaka

Director

7 Md. Riaz Hamidulla Director General (Flnance), Minlstry of

Foreign MlnistryDirector

8 Mr. Md. Ahsan Ullah Executive Director, Bangladesh BankDirector

9 Mr. Md. Mosharraf H ossain

chowdhuryManaging Director

The directors have no other lnterest in the Eank except for availing meeting attendance fee of Tk

5,000for ea.h meeting.

Slgnillcant contraats where bank ls a party&wherein Dlrectots have lnterest:

Nil

Related Pafty Transactlons:

Therc ls notransaction held between the dlrectors and the bank'

15

ItIIIIIIIILtttttttt5l.

(. M. HASAN & CO.

::artered Accountants

(rv) [endins Policies to Related Padies:

Related parties are not allowed loans and advances as per general loan pollcy ofthe bank'

(v) Buslness otherthan banklng buslness with any rclated concem oI the Directors as per sectlon_

18(2) ofthe Bank Companies Act 1991:

Ntl

lnvestments in the Secudtles oI Dlr€ctorsand th€lr related concem:

Nil

2,24

2.25 Audit Committee ofthe bank

AuditcommitteeofProbashlKallyanBankhasbeenformedwiththefollowlngBoardMembers:

AHMAO & AKHTAR


(vi)

Executlve Committee of the bank.

G[6IJulin, tulini.t.y of rrpatriates' welfare &

overseas EmPIoYmentDr. Khondaker lftekhar

Haider

6I""tor e " ',erat(ld

d itio nal secreta ry) ,

Bureau of ManPower, EmPloYment &Ms, Begum samsun Nahar

Fdn.n"ls".rut"ry, Bank & Financ€

Department, MIoistry of Flnance

iiin'at secretary, vinittry of Expatriates'

Welfare & overseas EmPloYmentMr. Md. Hazrat All

6liGry tvtanaglng oirector (Joint

secretary),Mlnistry of Expatriates' welfare &

Overseas EmploYment

Mr, Matiar Rahman

6ilEi e *erat (tu'tonltoring cell), Ministrv

of Finance, Bangladesh Secretarlat, DhakaSyed MabinulHaque

Joint Secreta rY(Ad min &

Development),Minlstry of Labor and

Employment, Banglad€sh Secretarial

Mr. Md. Mojibur Rahman

E-"",ti"" Di*at"r, B",gladesh Bank, Head

office, Dhaka.Mr, Md.Ahsan Ullah

16

IIItIIIIFtItttIttt-

K, M, HASAN & CO.

:^.1ered Accountants

2.26 ManaS€mentCommittee

The bank has formed a management commlttee to expedite

the following execuuves ofthe Bank.

AHMAD & AKHTAR


day to day transactlon promptly with

2.27

2.24

2.29

2,30

concurtent AuditTeamA department in Head offlc€ has been formed to carry out

day to expense vouchers and loan flle. TheY are regularly

f indings. Accordingly correctlve measures are being taken.

concurrent audit. TheY are scrutinizing

reporting to the management of their

gvents afterthe balance sheet date

EventsafterthebalancesheetdatethatprovldeadditionalinformationabouttheBankspositlonatthe balance sheet date as per Bangladesh Accountlng Standards BAS-10: 'Events After the Balance

sheet Date'.

Management's responsiblllty on flnancial statements

TheBoardofDirectorsoftheBanktakestheresponsibilityforth€preparationandpresentationofthese flna ncial statem ents,

General

Figures appearing ln these Flna ncjal Statements have been rounded offtothe n€arestTaka'

1 Mr. Md. Mosha.ref Hossain Chowdhury Chairman

2 lvlr. GazlMohammad Julshas, NDC Mernber

3 Mr. Md. Mohabbat Ullah Member

Mr. Mohammad Abu SaYeed Member

5 Ms, Hasna H€na Parvin MemberSecretary

6 Mr. Mohammad Kamal Hossain Asst. MemberSecretary

\7

IITIIItttttItItIttttI

K M, HASAN & CO.

:_:'iered Accountants

AHMAD & AKHTAR


30.06.2014

Et!30.06.2015

r3&

3,496,977cash in hand (lnc ldlng toreisn cutrencle,Ba ance wlth BanBladesh Bank & itsagent

ba.k(s) (includinsforelcncu encies)

4 Balancewithotherbanks&financialinsiitution5n Bangadesh(Note4.1)o!tslde Bangladesh

4.1 l, Bangladesh

Cutrent Account

sTD Account (Note 4.1.1)

F xed DepositAccount (Note4.1.2)

AgraniBankLmtedSonal Bank Limlted

lanata Bank Llmited

Arab B:ngladesh Eank Ljmlted

one Bank Lim ted

Barkask Llrnited

PKB, PrincipalBranch

Rupa iBank Llmited

shahja al k am Bank Llmited

4.1.2 FixedDePosltAccountSonaLi Bank Llmited

lanata Eank Limlted

BanBLadesh KrishiBank

Nationa Bank Limited

city Bank L mited

United Commercia Bank Limited

50uth Bangla Agr culture Bank L mited

BASIC Bank Limlted

AB Bank Limited

MadumatiBank Llrnited

lFlC Bank L mited

O.e Bank Limited

Ex m Eank Llm ted

Rupa i Bank Llm ted

south East Bank L mited

Eastern Baik Llmited

soc al kLami Bank L mited

Staidard BankLlrnited

NRB Bank Limited

Meghna Bank Limited

____-__3,oe6el1

7,477 ,301,917

--J ,411,:91211- \3A3,592,732

136,903,390

1,340,398,s27

1,477 ,301,917

7,367,574

70,779,0671,000

7,473,350

46,215,84\7,429,744

22,155,a51

2\5,242975,673

10,000

136,903,390

265,000,000

70,000,00040,000,000

40,000,000

40,000,000

50,000,00022q000,000

2,500,000

20,000,000

54,A32,649

80,000,000273,975,419

183,990,439

1,340,398,127

54,99!,4461,32A,60\,246

7 )Aa.592.132

1,316,564

16,624,4161,000

11,194,372

23,669,519

2,785,715

54,991,446

250,447,242

10&353,166

92izo,3-lZ

40,010,0001s0,000,000

50,000,000100,269,000

20,000,000

52,137,774

2,600,000

20,005,00010,000,000

71,640,35040,000,000

!11,442,O73

732a,60L246

IIIIIIIItIIIIIIIIItII

18

K, M, HAsAN & CO.

:.e.iered Acco!ntantsAHMAD & AKHTAR


30-05.2014

EIs30.06.2015

Ef!4.2 Maturlty grolping of balrnces with oth€r

b.trks & linanclal lnstltutlons

over l month but not morcthan 3 months

Over3 months but not morc than l Year

Overlyear but not more than 5 Years

Money at call on Short Norce

Financial lnstltutions (Public & Prlvate)

Others

Loans, Cash Credit & Ov€rdraft etc. (Note 71)Bilk purchased & discounted

loans, Cash crcdit & OverdEft etc.

ln EansladerhLoanslNote 7.1.1)

Cashcredlt

Total lnslde Bansl.desh

13O903,390

315,000,0001,o22,794,5-27

2,600,000

s4,991,446

!,031,496,577294,504,7

-69

7,1A3,a92,732___1,471,)9!D17

435,510,087

435,510,087

29A,172,445,

290,172,O45

435,510,087 290,!72,O45

435.510,087 290,772,045

435,510,087 290,172,085

M gration Loars

Rehablitation Loan

MotorCyc e Loan

7,2 Remaining maturity grouping of lo. ne

Payable on demand

Not rnore thar 3 months

Above 3 months but not more than l Vear

Above l year but not more th.n 5 years

Above 5 yeaB

419,794,44114,716,594

939,052

_li!E1949

435,S10,087

274,252,91415,979,!67

___.2eoE2,@5

2g0,.L72,;85

435.510,087 290,772,045

@

-rIII

79

< .,r. HASAN & CO.

: -;1: red Accountants

AHMAD & AKHTAR


30.06,2014

Ele7.3 Loans on the basls of signlficantcon.€ntration lncludlng bills

purchased & dhcounted

a. Advancesto Dlrcctors

b. Advancer to MD and othersenlor Executives

c, AdvancestoCustomersgroupd. Advancesto lndustrial sector

ceo&aphlcal Locatlon - wise Loans and Advances

lnside Band.desh

Chlttagong Dlvlslon

Khulna Divlslon

Rajshahl Dlvlsion

Sylhet Divlslon

BarisalDlvlslon

Rangpur Division

Total hslde Banglad6houtslde Banglad€sh

Dlstributlon ot Loans and adv.nces accordinS to BRPD Circular bv

sangladesh Bank

Standard

SMA

No Loan clasifkaton has been made bv the Bank. s% provlsion ha5

outstandifg loan ba ance at the yearend.

Parti.ulaB of loa ns and Adr.nces:

O Debts consideredcood n respect ofwhichthe banklnc

comPanY kfu lY secured

(i) Debtscorsideredcoodiorwhichthebankingcompafvhodsno other securityother than debtols personal security'

{lli) Debtsconsldered good secured bv pe60nallab Liti'so'one or

mofe parties n addition tothe Personalsecuritvofthe

(iv) d;bts consldercd doubtfu or bad not provided for

Debts due bY dlrectoB and offce6 of the banklns compaiv

or anv of them eiiher severallv or iointly with arv other

Debts d'ue by companles or f rms in which the directo6 of

the banklns companY are interested as directors, partners or

n"ldeilg aeFlls o ,. tle cd\a or Dr:vr'P roaodl'4' d\

2A

30,06.2015

Ele

7A4,AA4,464

11,726,94026,723,325

32,169,104

13,341,306

16,161,004

26,045,9A2

2qo.172.085

435,510,087 294,172,445

435,510,087 290,L72,04s

435,510,087 290,772,045

been made for the year agalnst total

14,716,594 75,919,167

274,252,914

7A4,5A3,627

100,554,31974,A22,264

6!,642,85217,925,113

15,761,154

30,300,738435,510,087

1.5

7.6

(v)

434.571.035 290,172,045

ffi,' v\_-l''rrlt -

(vr)

IIIIIIIIrlIIIIIIIIIIII

I!!!rII-!-!trltItIrtII

( ^,1. HASAN & CO.

:-:':::ec Ac.ountantsAHMAD & AKHTAR


30,05.a)14

Elc(vi) Maximum total amolnt oi advances lncluding temporary

advances made at any tlme durlng the year to the dlrecio.sor manageB or ofikers of the bankins company or any ofthem either severally orjoint y with any other person.*

(vill) Maxmum tota amount of advaices includins temporaryadv:nces Branted during the year to the cohpanies or firmsln whlch the directors of the b.nkiig company are interested

as directors, partners or managng agents or n the case ofpr vate company

(ix) Due from bankirscompanies.

(x) claslfied Loansand Advances:

a) Clasfied oans and advances on which irterest has rotbeen credited to income

b) (Dec.ease)/lnc'easein provsion(sp€clrlc)

c) Amount rea ned aga n5t loan pr€violslywrtten offd) Amount oi provislon kept agalnst lGn cassified as

(xi) Amount oflhe written off loan:

a)Curnu ative amountofCassified Loans which is w.ttenb)Classlried Loans/Lite rest wave written offln curent Year

c)The amount ofwritten offlca$ified loanforwhkh lawqulrs havp heen f lPd

tix€d assec in.luding premises, furniture and fixturesF!rnitureand Fixtures

Less: Accumulated depreciat on

30.06.2015

Ilta

27,75t,5s0

_____]9t!4q

L5,233,710

4,242,469

\,745,4044,181,942

26,543,618

56,033,609

77,527,450

5,907,0421,351,708

3,753,669

44,929p4717,658,035

----__4,u1012_

Schedule ot ftued Atseas is gieen in Anlexurc-a

l) lncome teneratinS assets

ll) Non-lncom€ generatinS assets

a) Stationery stamps, pdntlng materialset . (Note 91)

b) Advanc€ income tax (Note 9.2)

c) Acrounts Re€eivable (Note 9.3)

d) A€crued lntereston FDR

1,4D,42721,600,6s3

t40,37475334,27498,496,20694,496,206

7,414,1232,494

___--_!,417,oX

7,129,4A6

26,234,254

498,94643,288,55971,158,U571,755,245

St.tionery stamps, prlntlnS mate.iah etc.

Prepald Printing Stationery

Prepald s€curity Statlon€ry

919,660209,426

7,129,446

A,(_ (Dhda /): i\>/"

9.1

27

K. M, HASAN & CO.


AHMAD & AKHTAR


30.06,2015 30.06.2014

EIc Iltq

26,23a,254 28,950'774

28.s45.489 26'23A'254

s4,783,743 55,189,028

13-183.090 7A950,774

21.600-653 26,238,254

9.2

Add: Addltion During the Year

Le$r settled durinsthe Year

AdvanceAga nst House Rent

Adju5ting Account Loaf /Savings

Borrowingsfiomoth€rhants,linancial lnstitutiontand agentt

Depositc and other accounts

Current accounis and other Accounts

Savlngs Bank DePosiis

Short Notice DePosits

Fixed Deposits (Note 11.1)

PDS

Repayable on demand

Repayable withln 1 month

over l month butwithin 6 months

Over6 months but withln lYear

Over lyear butwlthin 5 Years

over5yeats bltwithln 10YeaE

Other llabilitietProvision for Loan and Advances (Note 121)

Provklon for lncenuve Bonus (Note 12 2)

Provjsion for csR (Note 12.3)

Provision for Expenses (Note 12'4)

otheE Payable (Noie 12.5)

Provision for currentTax(Note 12 6)

5taff Providert Fund

staff SuPerannuation Fund

staff R sk/Benevolent Fund

{181611 350,886

lao314 498'946

758,475

6,520,;79

108,055,8082,578,515

85,70062,000

360

4,154,;12

30,887,431

F14.964.26! 508,373,785

@[email protected],300,000 502,798,000

35,641,843

5aa,313,146

544,015,629

21,165,541

3,27),6241,000,000

2,940,36432,A92,743

29,983,623

459,115

421,2a4

\.575,746

____E! F64E_ ____ n$ErE_

634,564,26!

614,5€/,251

42,941,O91

4,310,045

1,000,000920,300

58,360,53923,a2a,640

1,936,669

L4AO,!7622,176

@na -----qlss!ee

IIItItl.ttIIIIItIITIth

11.1

!2

K. M. HASAN & CO.


12,1

AHMAD & AKHTAR


30.06.2015 !0,06.2014

I3tc Ele

21,165,5a7 6,656,983

14.508,604

42,941,091

@@

! 967,515

Provlsion for loans & Advances

Prcvislon held at b€Einnlng ofthe vear

Add: Provlsion made for the Year

Less: Adjusted durlngthe Year

Provision held at the end of the vear

rhe provGon has been ma!19,,**11:::9:11#H::;::'ff,:::T.:f[ctors n ts rneetne

held on september 22,2013 The aggregate provrsLor

3,217,620 2,597 '929--ffi--ffi

820,309

3.277,620

Provision for lncentlve Bonus

Provision held at beginning of the vear

Add: Provision made for the Year

Lessr Paid duringthe Year

Provision held at the end of the vear

Provklon held at beginnlng ofthe vear

Lessr PriorYear adju5iment

Add: ProvGlon made for the Year

Provisio. held at the end ofthe vear

Provision for ExP€nses

Provision for Photocopy Repalr

Provislon forAodit Fee

Provision forWater Bill

Provjsion for Elecricity ElLl

Provislon forTelePhone Bill

Provision f or Postage/lnternet

Provision for Honourium

Provision Stationery

Provislon for rurniture,Air CooLer' Equipments

Provision for prlnting/securitv printing

Provlsion for Overtime

Provislon f or Advertisement

Excise D!itY PaYable

Loan Ri5k coverage scheme

lnterest Payable o' FDR

Undi5tributed saLary

12,1 1,000,000300,000

700,000

300,000

500,000

500,000

500,000

1,000,000------lI9!{99-

--:!:y:::-1,000,0!q

12.4 1,500

100,000

20,000

518,40076,34O

63,500

90,000

':o

,o,ooo920,300

l,42,1441!,A2\13,381

3,s14

20,803,509300

35,932,4761,184,849

150,000

100,000

30,000

50,000

121,000

7,207,84O

14s,0!06,520

130,000

2.940,160

184,656

658,619

15,050

s1,415

12,686,190

!2,449,17s

6.047,398ffi@

73

I:

ITtItITttTItIttItt

IIIIIIIIIIIIItIItIrII

{. iv1. HAsaN & co.:_:iered acco!ntants

15

17

30.06.2015

Els

79,9At62323,12A,640

53,112,263a998!.621zr'lza'640

AHMAD & AKHTAR


30.06.2014

EIe

a6,439,211

29,9a3,621

71,6,422,a14

86,439'71129.9a3,623

,.6 Provldon for OrentTaxProvision held at beginnlng of th€ vear

Add: Provlsion made forcurrent vear tax

Less: AdjLrstment made durlng the vear

Provision h€ld at tha end of the vear

ol sh

5O,OOO,OOO ordinary shares of Tk 100 00 each

l..ued. Subscribed and Paid'up Capltal

ii.i*,* tri'""* -a taid upcaoitalofthe sant asrollows:

1O,OOO,0OO Ordinary Shares of Tk IOO'00 Each

50,000,000

950,000,000

1.OO0,o0o,ooo

14BaLance atthe beg nnlne of the Year

;;;, ;;"';'". ""J"r'"",'"' {20" o' oro'n oero'" ta')

Balance at the begLnn ngortheYear

;;,;;;i,",".;",,";,""r tro""oio ortDero'eIa \

Balance at the begrnn ngoftheYear

;; ;";'.. d,;' s*"v"'r'5"" o' orortr oero'e rJ))

Surplus In Proflt and Loss Account

add: Prior Ybar adlustrn€nt

add: Profit for the Year

t6

18 20,637 '169300,000

12.244 575

13,7A2'3MLt.052,632,, 129.712

18,817,887

12.34619431,164,08s

r0,526,31520-6a7,159

ffi:It*i rr.r. ll'\' :-

;-r(h,r.holders

6iililfri,i7-iii-Tiir"tl"P'utt' oi

Eangladesh represented bv Finance secr€tary'

ffi".E;"""Gfr;ffi-- ilm

500,000

9,500,000

10,000,000

-- t,.r,."rp* --i900-49q999-

tp*prqr." -P",*tP*

50,000,000

950,000,000

1,000,000,000

52,155,879 3A,645,879

ffiffi49,679,334 39,096,879

ffiffi!3,757,027 10'229,542

7 a)7.4A5

ffi-- "1"p"

552,632

10,500,000

!!,052 !?

oividend paid durlng the Yeat 2013-20!4'

effi"t "f th" P"'Ple's Republlc

Bangladesh repres€nted by rinance secretary'

6i!Ex"ttvq49sq

24

(. M. HASAN & CO.


AHMAD & AKHTAR


201? - 20!4

&!a

22,656,571779,376,126

20!4 - 20!5

EIs

44,445,494164,227,586

79,1

L9,2

lnterestor Loais (Note 19.1)

lntereston Depostwith other Bank (Note 19 2)

lnterest from Fore gn Banks

lntereston Deposit with other Bank

lntereston ShortTerm Depos t

lnterest paid ondepositt and borowingsetc.

On SND

other operating income

salary and allowan.es

ilouse ReitAllowance

Con!eya nce ALlowa nce

Wages to co.tract basis emPloYees

Wages to temporary basls emPloYees

Deputat or alowance

superannuatlon Furd(Banks contribution)

su bna nce/ Oth er Allowa nce

Dearne$ A lowances

Entertainment A lowance

Iax ofStaff paid to NBR

7,416,514419,950

3.224.057 1,115,61\

!3,917,795 9,212,L15

7!,!15,2725,980,955

5,596,2A0

7aa,44O

1,048,050

1,006,593

6,379,662267,789

1,905,488

251,954

196,080

8,400

21,924

2,657,A29159,284

2X2,579

7,500

208,673,080

42,62t,946

LA22,976552

21,258,395

L394,178

44444494

3,712,502160,s14,984

164,227,546

176,4-9?

541,173

66,235,66166.893,326

7O,215,84478,500

22,656,513

2324,A30777,A57,296179,376,126

9t930574,164fil,295

56,848,45957,700.848

\5,1A2,!271,744,986

6,913,204

\27,234

\244,6725,466,3404,151,617

244,827

3,A67,54!1,217,O26

117,890

14,2AO

15,600

1,342,96875,276

135,686

9,565

9,125

64,000

49,1A6,044 36,977,799

21

25

K. M, HASAN & CO.

ara.tered Accountants

2014 - 2015

Icle

7,346,621

\,4$,249141,89s+

AHMAD & AKHTAR


2013 - 2014

EIq

5,459,274

769,338721,25L

______9!C,8r3

!34,7A8991,447

23 Rent, taxet, lnsurance, electricity etc.

Rates, Taxes.nd VAT

E ectriclty and HeatinC

24 Postage, newtpaper, ttamp, tele.ommunication 'tc'

Telecommun cauon

Stationery, Printinct, Advertitements etc

Printing, Securlty Statlonery

Publlcity,Advertisementand publlcation

chief Executivet s.larY and fee5

Entertainment A lowarce

Board meetlng and auditcomm ttee meeung

Other Meetlng Feey'Be.ef ts

Depreciation of bank's a$etsFurniture and Fixtures

Repairof bank'tassets

220,9531,171,590

!71,3274,183

1-s59.05:, 7,726,555

\,6!6,324474,667

566,510

303,231

2.996,729

480,000

8,400

240,000

10,800

80,000

_*_e194q

7,278,3071,623,542

504,s12

3,591"678

480,000

8,400

240,000

10,800

80,000

819,200

233,450 88,950

233.450 88,950

Each D rector is paid fo.Tk.5ooo per nreetinS. Therewas no otherl nancla benetits provided io the dlrectors of

t,523,372\,6s6,574

269,223

835,6105,308,736

9,593,515

707,742135,116

509,to2746,OOO

1,154,035

7,1ar,4AA

2O2,156

750,734

4,479,736

7,76a,O69

64,80052,844

256,176373,764

A"Itl ( ur"r, )''l\?\ la\_::l

26

K. M. HASAN & CO.

Chartered AccountantsAHMAO & AI(HTAR

Chanered Accounia.:s

2073 - 2074

I!!430 Otherexpenses

Iravellins Expenses {GenerE t)

rravellins Expenses (rransfer)

Banking Diploma & Others Hon.

Tra ining Expenses

Commksion & Exchange

Eranch shift ins/Openlng Expenses

Business Development Expense5

News Pape. & PeriodlcakWater & Sewerage expens€s

lnterest Paidon GPF Fund

ClosingAllowance

Su.dry Exp€nses

2014 - 2075

&!g

869,937

33,050

349,A31

1,384,206

5,264

559,722

33,670163,870

42,529

7,693,7 /5

250,060

150,000

l40,4aa603,653

1,124,296

314,000

77,77s,504

882,354

2a9,6',75

1,161,887

nr,uo,173,67L

7,996,471

2,5A3,7a3

91,614141,7,26

488,264

7,234,2t4

Provlsion for oncl3ssiried loans & advances (Note 12.1)Provision forclasified roans & advances

Provision for ncenUve Bonus

The abo?e provsion for ifceitive bonus has been made onapprop.iate authorty,

Provision forCurrentTax

Add: Provision rnade for cutrert year tar

Less: Adjustment made durins the ye.r

Earninss Persh.re (lPS)

Net Profit after Tar (NL,meEtor)

Number of Ordiiary Share Outstandins (Denomlnator)

Earning Per share {EP5)

70,t74,729

14,508,604

_____4t1!,s04_ ______41e994

3,000,000 1,500,000300,000 500,000

______!r9g9g9_

Iump sum basls which ls subject to approval of

29,983,623 a6,439,27723,72a,64O

53,712,263 716,422,834

29,983,623 46,439,27123,!24,540 29,943,623

31,297,694 40,s66,078

10,000,000 10,000,000

____________!:13

27

32

K. M, HASAN & CO.


Dated, Dhaka

10September2015

AHMAD & AKHTAR


35

35

Coverage ol Externat Audit

Theexternalauditorhascovered80%oftherhk-weiEhtedassetsandhavesPentarolnd1,040manhoufiJolthe audit of the books and account ofthe bark

Events after rePorting Period

(i) Ihe Boa.d of DirecioG in its nreeung held on 10'09'2015 approved the financlal stateme'ts and authorized

ii. ru." ro, o*" rh" eorrd also approved div dend amountins to Tk' 1o'OOo'oOO for Wage Earners Kallvan

Board and Tk,526,316 forThe Government ofthe Peop et Rep!b cofBanghdesh'

r. +-.:0"{

@(:( Dhrka )-)eb/e'

AHMAD &AXHTARchartered Accountants

zoL3 - 2014

1,000,000,000N/A

7,772,797,914

544,Ols,629290,\12,O85

5?34%

40,566,O78

7A.67.,4

7,701,036,72411,755,245

3.38%

4.06

4.06

N/A

K. M. HASAN & CO.

Chariered Accountants

aIIIIIIIIIIIIIIItIIIll

Probashi Kallyan Bank

Highlights on the overall activities ofthe Bank

For the vear ended 30 June 2015

Sl. No. Particulars

1 Paid up capital

2 TotalCapital

3 capital Su.plus/ (Deflcit)

5 TotalDeposits6 Total Loans and Advances

7 Total contingenl Liabilities and commitments

8 Credit - Deposit Ratio

9"entug"

of Ct"t.ifi"d roans aga rst total Loans &

Advan.es

10 Profit after Tax and Provision

11, filo,rnt ofcta..ified Lo"ns and Advances

12 Provision Kept agalnst Classified Loan

13 Provislon SurPlus/ (deflcit)

74 Cost of Fund

15 lnterest Earnjns Assets

16 Non-interest Bearing Assets

71 Return on lnvestment {ROl)

18 Return on Assets (ROA)

19 lncomes on Investm€nt

20 Earnings Per Share (EPS)

21- Net lncome PerShare

22 Price Earning Ratio

2014 - 2015

1,000,000,000

2,043,1a7 ,246751,774,663

435,510,087

57.94%

31,291,690

a.9a%

7,944,691,040

9a,496,206

1.69.

3.13

3.13

N/A

29

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-9

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ii E.E I.EEi.e

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hLlLLLLIItIITII

bank as at 30 june 2015

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