Banking
GRAMEEN BANK
Statement of Changes in Equity
For the year ended 31 December 2008
 
Particulars   Paid up Capital   Capital reserve   General reserve   Dividend equalization fund   Proposed dividend   Other reserve   Retained Surplus   Total
 
Balance at 1 January 2008 (Note 14)   318,000,000   4,280,409,577   328,000,000   666,000,000   63,600,000   115,773,301   94,100,000   5,865,882,878
Retained balance   318,000,000   4,280,409,577   328,000,000   636,000,000   63,600,000   115,773,301   94,100,000   5,865,882,878
Paid up capital   40,000,000   -   -   -   -   -   -   40,000,000
Dividend for the year 2007 @ 20%   -   -   -   -   (63,600,000)   -   -   (63,600,000)
Transferred to dividend equalization fund   -   -   -   94,100,000   -   -   (94,100,000)   -
Tax paid   -   -       (6,240,000)   -   -       (6,240,000)
Transferred to borrowers Investment Trust   -   -   -   (690,005,600)   -   -   -   (690,005,600)
Net profit for the year   -   -   -   -   -   -   1,304,673,408   1,304,673,408
Proposed dividend for the year 2008 @ 30%   -   -   -   -   107,400,000   -   (107,400,000)   -
General reserve   -   -   716,000,000   -   -   -   (716,000,000)   -
Employees welfare fund   -   -   -   -   -   -   (14,273,408)   (14,273,408)
Dividend equalization fund   -   -   -   358,000,000   -   -   (358,000,000)   -
Balance as at 31 December 2008   358,000,000   4,280,409,577   1,044,000,000   421,854,400   107,400,000   115,773,301   109,000,000   6,436,437,278
                                 
The annexed notes 1 to 30 form an integral part of these financial statements.
             
(M. Shahjahan)
General Manager		   Director   Director   (Dr. Muhammad Yunus)
Managing Director
             
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AUSTRALIA 		GB