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  • Profit and Loss Account Print
    GRAMEEN BANK
    Profit and Loss Account
    For the year ended 31 December 2010
      Notes   2010
    Taka
      2009
    Taka
     
    OPERATING INCOME          
    INTEREST INCOME 16   12,435,830,045   9,797,088,049
    LESS: INTEREST/PROFIT PAID ON DEPOSITS & BORROWINGS ETC. 17   (9,227,772,950)   (7,068,039,648)
      Net interest income     3,208,057,095   2,729,048,401
      Income from investments in fixed deposits     3,946,135,748   3,949,824,956
      Income from investments in Grameen Mutual Fund-One     89,312,500   -
      Income from share investments     1,200,000   1,000,000
      Other income 18   1,269,126,767   749,438,046
      Total Operating Income     8,513,832,110   7,429,311,403
               
    LESS: OPERATING EXPENSES          
      Salaries and other related expenses 19   4,639,159,752   3,822,742,404
      Rent, rates, taxes, vehicle insurance, utilities etc. 20   121,793,273   105,866,764
      Legal and professional expenses 21   233,111,678   154,756,058
      Auditors' fees 22   1,377,800   1,133,825
      Stationery, printing, advertisement etc. 23   117,637,985   133,793,830
      Managing Director's salary & allowances 24   815,280   637,680
      Directors’ remuneration     42,000   232,000
      Repairs & maintenance of fixed assets 25   47,007,495   66,122,283
      Depreciation of fixed assets (Annexure-A)     70,798,924   70,835,708
      Depreciation of investment property (Annexure-B)     2,405,278   2,410,515
      Other expenses 26   1,569,968,329   1,270,637,161
      Total Operating Expenses     6,804,117,794   5,629,168,228
      Profit before provision     1,709,714,316   1,800,143,175
      Provisions for loans and advances 27        
      Specific provision     1,008,783,786   1,324,137,761
      General provision     (56,310,792)   104,432,510
            952,472,994   1,428,570,271
    NET PROFIT     757,241,322   371,572,904
               
    APPROPRIATIONS          
               
    NET PROFIT TRANSFERRED TO     757,241,322   371,572,904
               
      Retained surplus brought forward from previous year 15   162,000,000   109,000,000
      Dividend equalization fund     250,000,000   50,000,000
      Cash dividend @ 30%     164,306,760   157,184,790
      General reserve     260,000,000   100,000,000
      Employees' welfare fund     14,934,562   11,388,114
            689,241,322   318,572,904
      Retained surplus     230,000,000   162,000,000
               
    The annexed notes 1 to 30 form an integral part of these financial statements.
                 
                 
    (M. Shahjahan)
    General Manager
      Director   Director   (Nurjahan Begum)
    Acting Managing Director
                 
     
    ACNABIN
    Chartered Accountants
    S. F. Ahmed & Co.
    Chartered Accountants
       
    Dated, Dhaka
    26 July 2011
     
     
   
   
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