GRAMEEN BANK
Comparative Value Added Statement
For the year ended 31 December 2008 |
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2008
Taka |
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2007
Taka |
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| Income from Banking Services |
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Interest income |
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7,831,802,905 |
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6,790,936,211 |
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Interest income from investment |
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3,244,228,810 |
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2,970,420,220 |
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Other operating income |
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923,182,445 |
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878,176,622 |
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11,999,214,160 |
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10,639,533,053 |
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| Less: Cost of services & Supplies |
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Interest paid on deposits & borrowings |
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5,456,923,644 |
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4,506,165,656 |
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Rent, taxes, insurance & utilities etc. |
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112,294,055 |
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95,057,383 |
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Legal and professional expenses |
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119,985,004 |
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96,117,235 |
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Auditors' fees |
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1,110,444 |
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1,216,380 |
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Stationery, printing, advertisement etc. |
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118,396,308 |
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111,236,170 |
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Repairs & maintenance of fixed assets |
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50,414,227 |
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36,491,171 |
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Directors’ remuneration |
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178,000 |
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148,000 |
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Other expenses |
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949,132,713 |
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812,410,886 |
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6,808,434,395 |
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5,658,842,881 |
| Value added by the Banking Services |
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5,190,779,765 |
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4,980,690,172 |
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| Less: loan loss and provisions |
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| Provision for bad and doubtful debts |
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(864,244,549) |
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(2,336,825,078) |
| Value Added |
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4,326,535,216 |
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2,643,865,094 |
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| Distribution of value addition |
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| Employees-as salaries and other related expenses |
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2,955,312,168 |
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2,472,554,079 |
| Net profit for the year (Appropriationable) |
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1,304,673,408 |
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106,914,130 |
| Depreciation |
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66,549,640 |
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64,396,885 |
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4,326,535,216 |
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2,643,865,094 |
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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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(Dr. Muhammad Yunus)
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