| |
| Profit & Loss Account |
| |
for the year ended 31st December,
2007 |
|
| |
|
|
|
|
|
|
OPERATIONAL REVENUE |
|
|
815,558,035 |
|
717,439,827 |
|
|
Interest Income from |
|
|
|
|
|
| |
Lease Finance |
26 |
|
435,447,793 |
|
413,554,875 |
| |
Long Term Finance |
|
|
38,128,392 |
|
34,673,671 |
| |
Short Term Finance |
|
|
76,161,679 |
|
45,556,066 |
| |
House Building Finance |
|
|
50,799,839 |
|
29,372,851 |
| |
Other Operational Income |
27 |
|
215,020,332 |
|
194,282,364 |
| |
|
|
|
|
|
|
|
OPERATIONAL EXPENSES |
|
|
661,670,136 |
|
574,967,201 |
| |
|
|
|
|
|
| |
Financial Expenses |
|
28 |
|
565,603,804 |
|
500,106,596 |
| |
General & Administrative Expenses |
29 |
|
94,015,451 |
|
74,860,605 |
|
|
Write-off of Loan/Lease Account |
30 |
|
2,050,881 |
|
- |
| |
|
|
|
|
|
|
|
PROFIT FROM OPERATION |
|
|
153,887,899 |
|
142,472,626 |
| |
|
|
|
|
|
|
|
OTHER INCOME |
|
|
|
|
39,669,078 |
|
4,468,904 |
| |
|
|
|
|
|
|
|
| |
Interest income from Staff Loan |
|
|
|
707,648 |
|
610,982 |
| |
Dividend Income |
|
|
|
|
1,054,041 |
|
3,567,253 |
| |
Profit on sale of Fixed Assets |
|
31 |
|
1,120,594 |
|
65,033 |
| |
Profit on sale of Shares |
|
|
|
36,555,457 |
|
- |
| |
Rental Income/(Expenses) from Moon
Mansion |
|
32 |
|
(14,786) |
|
108,153 |
| |
Miscellaneous Income |
|
|
|
246,124 |
|
117,483 |
| |
|
|
|
|
|
|
|
|
EXTRA-ORDINARY INCOME FROM IPO |
|
33 |
|
9,807,666 |
|
- |
| |
|
|
|
|
|
|
|
PROFIT BEFORE PROVISION |
|
|
|
203,364,643 |
|
146,941,530 |
| |
|
|
|
|
|
|
|
ALLOWANCES FOR DOUBTFUL ACCOUNTS |
|
34 |
|
39,190,598 |
|
26,576,145 |
| |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX |
|
|
|
164,174,045 |
|
120,365,385 |
| |
|
|
|
|
|
|
|
|
TAX EXPENSES |
|
|
|
59,473,940 |
|
41,686,347 |
| |
|
|
|
|
|
|
| |
Current Tax |
|
|
|
66,699,832 |
|
34,205,659 |
| |
Deferred Tax |
|
|
|
(7,225,892) |
|
7,480,688 |
| |
|
|
|
|
|
|
|
|
NET PROFIT AFTER TAX |
|
|
|
104,700,105 |
|
78,679,038 |
| |
|
|
|
|
|
|
|
|
BASIC EARNING PER SHARE (EPS) |
|
35 |
|
39.77 |
|
37.26 |
| |
|
|
|
|
|
|
The annexed notes 1 to 40 form an integral
part of these financial statements.
|
Mohammad Sayduzzaman |
S.M. Intekhab Alam |
Mohammad Shoeb |
M. Yunus |
|
Vice President & CFO |
Managing Director |
Vice Chairman |
Vice Chairman |
As per annexed report of the same date.
Dhaka,
Zoha Zaman Kabir Rashid & Co.
April 03, 2008
Chartered Accountants
|
|
|
| |
|
Company Profile
