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