Banking
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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