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