GRAMEEN BANK
Comparative Value Added Statement
For the year ended 31 December 2009 |
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2009
Taka |
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2008
Taka |
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| Income from Banking Services |
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Interest income |
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9,797,088,049 |
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7,831,802,905 |
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Interest income from investment |
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3,950,824,956 |
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3,244,228,810 |
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Other operating income |
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749,438,046 |
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923,182,445 |
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14,497,351,051 |
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11,999,214,160 |
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| Less: Cost of services & Supplies |
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Interest paid on deposits & borrowings |
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7,068,039,648 |
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5,456,923,644 |
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Rent, taxes, insurance & utilities etc. |
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129,663,167 |
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112,294,055 |
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Legal and professional expenses |
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154,756,058 |
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119,985,004 |
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Auditors' fees |
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1,133,825 |
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1,110,444 |
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Stationery, printing, advertisement etc. |
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133,793,830 |
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118,396,308 |
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Repairs & maintenance of fixed assets |
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66,122,283 |
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50,414,227 |
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Directors’ remuneration |
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232,000 |
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178,000 |
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Other expenses |
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1,246,870,838 |
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949,132,713 |
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8,800,611,649 |
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6,808,434,395 |
| Value added by the Banking Services |
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5,696,739,402 |
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5,190,779,765 |
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| Less: loan loss and provisions |
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| Provision for bad and doubtful debts |
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(1,428,570,271) |
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(864,244,549) |
| Value Added |
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4,268,169,131 |
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4,326,535,216 |
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| Distribution of value addition |
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| Employees-as salaries and other related expenses |
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3,823,350,004 |
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2,955,312,168 |
| Net profit for the year (Appropriationable) |
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371,572,904 |
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1,304,673,408 |
| Depreciation |
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73,246,223 |
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66,549,640 |
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4,268,169,131 |
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4,326,535,216 |
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| The annexed notes 1 to 29 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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Dated, Dhaka
March 30, 2010 |
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