Corporate Office Rangs Tower 68 Purana Paltan Dhaka 1000 Bank Asia Limited Un-Audited Financial Statements for the period ended 30 September 2017
and Its Subsidiaries Consolidated Balance Sheet as at 30 September 2017 Notes PROPERTY AND ASSETS Cash 15,413,230,760 15,983,718,054 In hand (including foreign currencies) 4.1(a) 2,034,258,606 2,079,897,416 Balance with Bangladesh Bank and its agent bank (including foreign currencies) 4.2(a) 13,378,972,154 13,903,820,638 Balance with other banks and financial institutions 5(a) 23,832,221,447 13,615,107,372 In Bangladesh 21,893,787,174 10,983,805,427 Outside Bangladesh 1,938,434,273 2,631,301,945 Money at call and on short notice 6(a) - 4,870,000,000 Investments 7(a) 27,507,147,044 39,711,806,539 Government 23,813,647,577 36,112,473,144 Others 3,693,499,467 3,599,333,395 Loans and advances/investments 8(a) 190,184,280,977 166,539,916,390 Loans, cash credits, overdrafts, etc/investments 174,925,546,606 157,946,507,822 Bills purchased and discounted 15,258,734,371 8,593,408,568 Fixed assets including premises, furniture and fixtures 9(a) 5,341,879,711 5,263,148,467 Other assets 10(a) 9,086,085,239 8,882,423,376 Non - banking assets - - Total assets 271,364,845,178 254,866,120,198 LIABILITIES AND CAPITAL Liabilities Borrowings from other banks, financial institutions and agents 11(a) 26,178,257,339 18,978,976,940 Subordinated non-convertible bonds 11(aa) 8,092,588,885 3,197,214,016 Deposits and other accounts 12(a) 192,729,488,061 191,573,043,588 Current/Al-wadeeah current accounts and other accounts 39,704,159,108 34,554,219,481 Bills payable 2,599,712,317 4,902,979,613 Savings bank/mudaraba savings bank deposits 33,032,967,189 27,793,803,978 Fixed deposits/mudaraba fixed deposits 117,392,649,447 124,322,040,516 Bearer certificates of deposit - - Other deposits - - Other liabilities 13(a) 24,126,906,551 22,253,446,818 Total liabilities 251,127,240,836 236,002,681,362 Capital/shareholders' equity Total shareholders' equity 20,237,604,342 18,863,438,836 Paid-up capital 14.2 9,870,110,990 8,812,599,100 Statutory reserve 15 7,070,447,967 6,533,632,030 Revaluation reserve 16(a) 2,202,627,800 2,239,612,377 General reserve 8,166,144 8,166,144 Retained earnings 17(a) 1,084,907,598 1,267,955,303 Foreign currency translation reserve 1,332,138 1,462,526 Non-controlling (minority) interest 17(b) 11,705 11,355 Total liabilities and shareholders' equity 271,364,845,178 254,866,120,198 (0) 0.07 Net Assets Value per Share 20.50 19.11
and Its Subsidiaries Consolidated Balance Sheet as at 30 September 2017 Notes OFF-BALANCE SHEET ITEMS Contingent liabilities 18 126,438,000,114 110,762,047,002 Acceptances and endorsements 41,997,962,192 35,098,107,666 Letters of guarantee 36,661,296,441 35,578,341,924 Irrevocable letters of credit 32,817,024,469 29,013,641,402 Bills for collection 14,961,717,012 11,071,956,010 Other contingent liabilities - - Other commitments 185,671,739 - Documentary credits and short term trade-related transactions - - Forward assets purchased and forward deposits placed 185,671,739 - Undrawn note issuance and revolving underwriting facilities - - Undrawn formal standby facilities, credit lines and other commitments - - Total off-balance sheet items including contingent liabilities 126,623,671,853 110,762,047,002 -Sd- -Sd- -Sd- President & Managing Director Director Chairman -Sd- Chief Financial Officer (CC) -Sd- Company Secretary
and Its Subsidiaries Consolidated Profit and Loss Statement for the period ended 30 September 2017 Notes Jan to Sep 2017 Jan to Sep 2016 July to Sep 2017 July to Sep 2016 OPERATING INCOME Interest income 20(a) 12,046,666,792 10,884,717,785 4,291,521,116 3,795,007,897 Interest paid on deposits and borrowings, etc 21(a) 7,961,855,070 7,957,229,554 2,733,167,547 2,741,779,494 Net interest income 4,084,811,722 2,927,488,231 1,558,353,569 1,053,228,403 Investment income 22(a) 1,953,039,787 2,477,848,408 554,145,058 684,312,613 Commission, exchange and brokerage 23(a) 2,414,649,271 1,889,454,944 854,666,552 569,776,476 Other operating income 24(a) 539,299,119 445,300,376 180,690,617 118,270,279 4,906,988,177 4,812,603,728 1,589,502,227 1,372,359,368 Total operating income (A) - 8,991,799,899 7,740,091,959 3,147,855,796 2,425,587,771 OPERATING EXPENSES Salaries and allowances 25(a) 1,972,531,884 1,837,120,804 698,414,453 662,584,864 Rent, taxes, insurance, electricity, etc 26(a) 474,862,115 413,890,269 156,085,724 145,150,847 Legal expenses 27(a) 15,554,090 12,126,666 6,095,998 4,170,003 Postage, stamp, telecommunication, etc 28(a) 69,611,546 62,567,736 25,763,817 19,173,197 Stationery, printing, advertisements, etc 29(a) 68,233,086 70,498,929 22,640,705 17,545,788 Managing Director's salary and fees 30 11,250,000 12,775,484 5,050,000 4,955,484 Directors' fees 31(a) 1,913,200 2,734,000 360,400 740,800 Auditors' fees 32(a) 1,324,020 1,712,973 447,343 (249,262) Depreciation and repairs of Bank's assets 33(a) 343,162,424 329,075,411 119,238,313 118,489,000 Other expenses 34(a) 1,071,529,233 884,819,871 375,625,153 290,273,011 Total operating expenses (B) 4,029,971,598 3,627,322,143 1,409,721,906 1,262,833,732 Profit before provision (C=A-B) 4,961,828,301 4,112,769,816 1,738,133,890 1,162,754,039 Provision for loans and advances/investments General provision 725,800,000 (228,641,024) 145,434,075 (344,141,024) Specific provision 1,259,000,000 2,353,309,635 349,198,875 782,792,358 Provision for loans and advances 1,984,800,000 2,124,668,611 494,632,950 438,651,334 Provision for off-balance sheet items 158,700,000 127,633,906 38,700,000 (68,266,094) Provision for diminution in value of investments - 5,646,298 - (6,772,174) Other provisions - - - - Total provision (D) 2,143,500,000 2,257,948,815 533,332,950 363,613,066 Total profit before tax (C-D) 2,818,328,301 1,854,821,001 1,204,800,940 799,140,973 Provision for taxation Current tax 13.4.1(a) 1,370,776,022 1,106,808,004 540,318,031 327,263,401 Deferred tax 13.4.2(a) 28,000,000 56,362,025 8,000,000 56,362,025 1,398,776,022 1,163,170,029 548,318,031 383,625,426 Net profit after tax 1,419,552,279 691,650,972 656,482,909 415,515,547 Appropriations Statutory reserve 15 536,815,937 367,840,591 237,139,693 159,661,651 General reserve - - - - 536,815,937 367,840,591 237,139,693 159,661,651 Retained surplus 882,736,342 323,810,381 419,343,216 255,853,896 tributable to: Equity holders of Bank Asia Limited 882,735,992 323,810,305 419,343,062 255,853,879 Non-controlling (minority) interest 350 76 154 17 882,736,342 323,810,381 419,343,216 255,853,896 Earnings Per Share (EPS) 37(a) 1.44 0.70 0.67 0.42 Md. Ar -Sd- M -Sd- -Sd- President & Managing Director Director Chairman Moham -Sd- Chief Financial Officer (CC) -Sd- Company Secretary
and Its Subsidiaries Consolidated Cash Flow Statement for the period ended 30 September 2017 Notes Jan to Sep 2017 Jan to Sep 2016 Cash flows from operating activities (A) Interest receipts 13,908,404,777 13,152,309,503 Interest payments (8,100,712,256) (7,957,229,554) Fees and commission receipts 2,414,649,271 1,889,454,944 Cash payment to employees (1,981,548,081) (1,897,771,379) Cash payment to suppliers (120,740,609) (122,839,477) Income tax paid (1,325,553,907) (926,843,426) Receipts from other operating activities 35 (a) 716,341,982 752,386,731 Payments for other operating activities 36 (a) (1,645,936,340) (1,390,480,291) Operating profit before changes in operating assets & liabilities 3,864,904,837 3,498,987,051 Increase/(decrease) in operating assets and liabilities Loans and advances to customers and banks (23,644,364,587) (20,955,256,028) Other assets (460,708,425) (127,228,189) Deposits from customers and banks 1,156,444,473 10,159,156,379 Trading liabilities 7,199,280,399 2,260,382,251 Other liabilities 971,203,614 (204,938,320) Net Increase/(decrease) in operating assets and liabilities (14,778,144,525) (8,867,883,907) Net cash flows from operating activities (10,913,239,688) (5,368,896,856) Cash flows from investing activities (B) Investments in treasury bills, bonds and others 11,254,804,593 4,060,562,907 Sale/(Purchase) of trading securities (94,166,072) (381,066,889) (Purchase)/disposal of fixed assets (367,919,148) (404,371,911) Net cash flows from/(used in) investing activities 10,792,719,373 3,275,124,107 Cash flows from financing activities ( C ) Payment for finance lease (107,864) (146,708) Issuance of subordinated non-convertible bond 4,895,374,869 (118,226,630) Dividend paid (cash dividend) - (1,258,942,730) Net cash flows from/(used in) financing activities 4,895,267,005 (1,377,316,068) Net increase/(decrease) in cash and cash equivalents (A+B+C) 4,774,746,690 (3,471,088,817) Effects of exchange rate changes on cash and cash equivalents - - Cash and cash equivalents at the beginning of the period 34,471,916,226 24,482,870,715 Cash and cash equivalents at the end of the period 39,246,662,916 21,011,781,898 Cash and cash equivalents: Cash 2,034,258,606 1,782,024,309 Balance with Bangladesh Bank and its agent bank(s) 13,378,972,154 12,163,470,338 Balance with other banks and financial institutions 23,832,221,447 2,203,892,551 Money at call and on short notice - 4,860,000,000 Prize bonds 2,214,800 2,394,700 39,247,667,007 21,011,781,898 Net Operating Cash Flows per Share (11.06) (5.44) (1,004,091) 0 Md. -Sd- -Sd- -Sd- President & Managing Director Director Chairman Moh -Sd- -Sd- Chief Financial Officer (CC) Company Secretary
-Sd- Company Secretary Bank Asia Limited and Its Subsidiaries Consolidated Statement of Changes in Equity for the period ended 30 September 2017 Particulars Foreign Noncontrolling Paid-up Statutory Revaluation General currency Retained Total Total capital reserve reserve reserve translation earnings equity interest reserve Balance at 01 January 2016 8,392,951,530 5,876,250,921 2,549,629,842 8,166,144 1,541,779 1,867,693,933 18,696,234,149 10,785 18,696,244,934 Transferred during the period 367,840,591 (367,840,591) - - Adjustment on revaluation of fixed assets and other investment - - (212,939,038) - - - (212,939,038) - (212,939,038) Foreign currency translation for opening retained earnings - - - - - 7,633,371 7,633,371-7,633,371 Foreign currency translation for the period - - - - 12,680-12,680-12,680 Issue of bonus shares 419,647,570 - - - - (419,647,570) - - - Cash dividend paid - - - - - (1,258,942,730) (1,258,942,730) - (1,258,942,730) Net profit for the period - - - - - 691,650,896 691,650,896 76 691,650,972 Balance as at 30 September 2016 8,812,599,100 6,244,091,512 2,336,690,804 8,166,144 1,554,459 520,547,308 17,923,649,328 10,861 17,923,660,189 Transferred during the period - 289,540,518 - - - (289,540,518) - - - Adjustment on revaluation of fixed assets and other investment (14,877,939) (14,877,939) (14,877,939) - - - - - - Transferred to retained earnings - - (82,200,488) - - 82,200,488 - - - Foreign currency translation for opening retained earnings - - - - - 2,333,245 2,333,245-2,333,245 Foreign currency translation for the period - - - - (91,933) - (91,933) - (91,933) Net profit for the period - - - - - 952,414,780 952,414,780 494 952,415,274 Balance as at 31 December 2016 8,812,599,100 6,533,632,030 2,239,612,377 8,166,144 1,462,526 1,267,955,303 18,863,427,481 11,355 18,863,438,836 Transferred during the period - 536,815,937 - - - (536,815,937) - - - Adjustment on revaluation of fixed assets and other investment (36,984,577) - - (36,984,577) - (36,984,577) - - - Foreign currency translation for opening retained earnings - - - - - (8,271,807) (8,271,807) - (8,271,807) Foreign currency translation for the period - - - (130,388) - (130,388) - (130,388) Issue of bonus shares 1,057,511,890 - - - - (1,057,511,890) - - - Net profit for the period - - - - - 1,419,551,929 1,419,551,929 350 1,419,552,279 Balance as at 30 September 2017 9,870,110,990 7,070,447,967 2,202,627,800 8,166,144 1,332,138 1,084,907,598 20,237,592,637 11,705 20,237,604,342 - - - - - 0.14 0 (0) (0).+ -Sd- -Sd- -Sd- President & Managing Director Director Chairman -Sd- Chief Financial Officer (CC)
Balance Sheet as at 30 September 2017 Notes PROPERTY AND ASSETS Cash 4 15,410,453,560 15,980,758,895 In hand (including foreign currencies) 4.1 2,031,481,406 2,076,938,257 Balance with Bangladesh Bank and its agent bank (including foreign currencies) 4.2 13,378,972,154 13,903,820,638 Balance with other banks and financial institutions 23,407,791,345 13,273,233,476 In Bangladesh 5.1 21,528,065,259 10,702,481,995 Outside Bangladesh 5.2 1,879,726,086 2,570,751,481 Money at call and on short notice 6-4,870,000,000 Investments 7 26,941,617,954 39,365,212,025 Government 23,813,647,577 36,112,473,144 Others 3,127,970,377 3,252,738,881 Loans and advances/investments 8 187,270,640,418 163,609,782,739 Loans, cash credits, overdrafts, etc/investments 172,011,906,047 155,016,374,171 Bills purchased and discounted 15,258,734,371 8,593,408,568 Fixed assets including premises, furniture and fixtures 9 5,326,516,024 5,249,722,487 Other assets 10 11,036,446,533 10,846,991,614 Non - banking assets - - Total assets 269,393,465,834 253,195,701,236 LIABILITIES AND CAPITAL Liabilities Borrowings from other banks, financial institutions and agents 11 26,010,807,484 18,822,423,424 Subordinated non-convertible bonds 11 (aa) 8,092,588,885 3,197,214,016 Deposits and other accounts 12 192,357,582,024 191,272,582,777 Current/Al-wadeeah current accounts and other accounts 39,332,253,071 34,253,758,670 Bills payable 2,599,712,317 4,902,979,613 Savings bank/mudaraba savings bank deposits 33,032,967,189 27,793,803,978 Fixed deposits/mudaraba fixed deposits 117,392,649,447 124,322,040,516 Bearer certificates of deposit - - Other deposits - - Other liabilities 13 22,574,914,607 20,865,003,294 Total liabilities 249,035,893,000 234,157,223,511 Capital/shareholders' equity Total shareholders' equity 20,357,572,834 19,038,477,725 Paid-up capital 14.2 9,870,110,990 8,812,599,100 Statutory reserve 15 7,070,447,967 6,533,632,030 Revaluation reserve 16 2,202,627,800 2,239,612,377 General reserve 8,166,144 8,166,144 Retained earnings 17 1,206,219,933 1,444,468,074 Total liabilities and shareholders' equity 269,393,465,834 253,195,701,236 - - Net Assets Value per Share 20.63 19.29
Balance Sheet as at 30 September 2017 Notes OFF-BALANCE SHEET ITEMS Contingent liabilities 18 126,438,000,114 110,762,047,002 Acceptances and endorsements 41,997,962,192 35,098,107,666 Letters of guarantee 36,661,296,441 35,578,341,924 Irrevocable letters of credit 32,817,024,469 29,013,641,402 Bills for collection 14,961,717,012 11,071,956,010 Other contingent liabilities - - Other commitments 185,671,739 - Documentary credits and short term trade-related transactions - - Forward assets purchased and forward deposits placed 185,671,739 - Undrawn note issuance and revolving underwriting facilities - - Undrawn formal standby facilities, credit lines and other commitments - - Total off-balance sheet items including contingent liabilities 126,623,671,853 110,762,047,002 Md. Ar -Sd- -Sd- -Sd- President & Managing Director Director Chairman Moham-Sd- Chief Financial Officer (CC) -Sd- Company Secretary
Profit and Loss Statement for the period ended 30 September 2017 Notes Jan to Sep 2017 Jan to Sep 2016 July to Sep 2017 July to Sep 2016 OPERATING INCOME Interest income 20 11,917,415,959 10,706,321,266 4,252,813,809 3,661,054,526 Interest paid on deposits and borrowings, etc 21 7,947,122,864 7,862,763,990 2,723,696,293 2,648,538,472 Net interest income 3,970,293,095 2,843,557,276 1,529,117,516 1,012,516,054 Investment income 22 1,953,039,787 2,477,848,408 554,145,058 779,731,518 Commission, exchange and brokerage 23 2,230,724,436 1,791,318,341 791,473,004 539,909,413 Other operating income 24 504,117,875 428,964,797 170,030,442 117,839,285 4,687,882,098 4,698,131,546 1,515,648,504 1,437,480,216 Total operating income (A) 8,658,175,193 7,541,688,822 3,044,766,020 2,449,996,270 OPERATING EXPENSES Salaries and allowances 25 1,919,871,208 1,787,819,632 678,741,571 645,840,154 Rent, taxes, insurance, electricity, etc 26 454,461,405 395,055,541 149,511,673 138,909,516 Legal expenses 27 14,440,610 10,837,689 5,851,000 3,915,096 Postage, stamp, telecommunication, etc 28 67,497,936 60,737,430 25,013,478 18,611,155 Stationery, printing, advertisements, etc 29 66,275,176 69,482,201 21,961,202 17,117,880 Managing Director's salary and fees 30 11,250,000 12,775,484 5,050,000 4,955,484 Directors' fees 31 1,720,000 2,504,000 296,000 704,000 Auditors' fees 32 4,600 148,000 - (681,000) Depreciation and repairs of Bank's assets 33 340,086,050 326,346,471 118,098,757 117,202,057 Other expenses 34 1,039,988,522 863,891,194 366,043,875 284,125,448 Total operating expenses (B) 3,915,595,507 3,529,597,642 1,370,567,556 1,230,699,790 Profit before provision (C=A-B) 443,325 4,742,579,686 4,012,091,180 1,674,198,464 1,219,296,480 General provision 725,800,000 (228,641,024) 145,434,075 (344,141,024) Specific provision 1,174,000,000 2,273,895,342 304,365,925 833,395,342 Provision for loans and advances 1,899,800,000 2,045,254,318 449,800,000 489,254,318 Provision for off-balance sheet items 158,700,000 127,633,906 38,700,000 (68,266,094) Provision for diminution in value of investments - - - - Other provisions - - - - Total provision (D) 2,058,500,000 2,172,888,224 488,500,000 420,988,224 Total profit before tax (C-D) 2,684,079,686 1,839,202,956 1,185,698,464 798,308,256 Provision for taxation Current tax 13.4.1 1,300,000,000 1,093,637,975 520,000,000 323,637,975 Deferred tax 13.4.2 28,000,000 56,362,025 8,000,000 56,362,025 1,328,000,000 1,150,000,000 528,000,000 380,000,000 Net profit after tax 1,356,079,686 689,202,956 657,698,464 418,308,256 Appropriations Statutory reserve 15 536,815,937 367,840,591 237,139,693 159,661,651 General reserve - - - - 536,815,937 367,840,591 237,139,693 159,661,651 Retained surplus 819,263,749 321,362,365 420,558,771 258,646,605 Earnings Per Share (EPS) 37 1.37 0.70 0.67 0.42 Md. Ar -Sd- -Sd- -Sd- President & Managing Director Director Chairman Moham -Sd- Chief Financial Officer (CC) -Sd- Company Secretary
Cash Flow Statement for the period ended 30 September 2017 Notes Jan to Sep 2017 Jan to Sep 2016 Cash flows from operating activities (A) Interest receipts 13,693,412,883 12,973,912,984 Interest payments (7,947,122,864) (7,862,763,990) Fees and commission receipts 2,230,724,436 1,791,318,341 Cash payment to employees (1,928,887,405) (1,848,470,207) Cash payment to suppliers (118,782,699) (121,807,026) Income tax paid (1,246,441,928) (912,927,736) Receipts from other operating activities 35 681,160,738 736,051,152 Payments for other operating activities 36 (1,589,255,209) (1,345,802,630) Operating profit before changes in operating assets & liabilities 3,774,807,952 3,409,510,888 Increase/(decrease) in operating assets and liabilities Loans and advances to customers and banks (23,660,857,679) (20,632,537,816) Other assets (514,045,145) (97,710,747) Deposits from customers and banks 1,084,999,247 10,173,517,650 Trading liabilities 7,188,384,060 2,095,987,234 Other liabilities 908,471,654 (334,616,146) Net Increase/(decrease) in operating assets and liabilities (14,993,047,862) (8,795,359,825) Net cash flows from operating activities (11,218,239,910) (5,385,848,937) Cash flows from investing activities (B) Investments in treasury bills, bonds and others 11,254,804,593 4,060,562,907 Sale/(Purchase) of trading securities 124,768,504 (215,245,594) (Purchase)/sale of fixed assets (364,227,748) (404,115,767) Net cash flows from/(used in) investing activities 11,015,345,349 3,441,201,545 Cash flows from financing activities (C) Payment for finance lease (107,864) (146,708) Issuance of subordinated non-convertible bond 4,895,374,869 (118,226,630) Dividend paid (cash dividend) - (1,258,942,730) Net cash flows from/(used in) financing activities 4,895,267,005 (1,377,316,068) Net increase/(decrease) in cash and cash equivalents (A+B+C) 4,692,372,444 (3,321,963,460) Effects of exchange rate changes on cash and cash equivalents - Cash and cash equivalents at the beginning of the period 34,127,083,171 23,978,412,313 Cash and cash equivalents at the end of the period 38,819,455,614 20,656,448,853 Cash and cash equivalents: Cash 2,031,481,406 1,781,187,515 Balance with Bangladesh Bank and its agent bank(s) 13,378,972,154 12,163,470,338 Balance with other banks and financial institutions 23,407,791,345 1,849,396,300 Money at call and on short notice - 4,860,000,000 Prize bonds 2,214,800 2,394,700 38,820,459,705 20,656,448,853 Net Operating Cash Flows per Share (11.37) (5.46) (1,004,091) - Md. A -Sd- -Sd- -Sd- President & Managing Director Director Chairman Moha -Sd- -Sd- Chief Financial Officer (CC) Company Secretary
Statement of Changes in Equity for the period ended 30 September 2017 Particulars Paid-up capital Statutory reserve Revaluation reserve Balance at 01 January 2016 8,392,951,530 5,876,250,921 2,549,629,842 8,166,144 2,152,333,448 18,979,331,885 Statutory reserve - 367,840,591 - - (367,840,591) - Adjustment on revaluation of fixed assets and other investment - - (212,939,038) - - (212,939,038) Issue of bonus shares 419,647,570 - - - (419,647,570) - Cash dividend paid - - - - (1,258,942,730) (1,258,942,730) Net profit for the period - - - - 689,202,956 689,202,956 Balance as at 30 September 2016 8,812,599,100 6,244,091,512 2,336,690,804 8,166,144 795,105,513 18,196,653,073 Transferred during the period - 289,540,518 - - (289,540,518) - Adjustment on revaluation of fixed assets and other investment - (14,877,939) - - (14,877,939) Transferred to retained earnings - - (82,200,488) - 82,200,488 - Net profit for the period - - - - 856,702,591 856,702,591 Balance at 31 December 2016 8,812,599,100 6,533,632,030 2,239,612,377 8,166,144 1,444,468,074 19,038,477,725 Statutory reserve - 536,815,937 - - (536,815,937) - Adjustment on revaluation of fixed assets and other investment - - (36,984,577) - - (36,984,577) Net profit for the period - - - - 1,356,079,686 1,356,079,686 Issue of bonus shares 1,057,511,890 - - - (1,057,511,890) - Balance as at 30 September 2017 9,870,110,990 7,070,447,967 2,202,627,800 8,166,144 1,206,219,933 20,357,572,834 - - - - - - General reserve Retained earnings Total -Sd- -Sd- -Sd- President & Managing Director Director Chairman -Sd- Chief Financial Officer (CC) -Sd- Company Secretary
1.1 Bank Asia Limited Selected explanatory notes to the financial statements for the period ended September 30, 2017 Accounting policies in this Financial Statements are same as that applied in its last Annual Financial Statements of December 31, 2016. Consolidated financial Statements include position of Bank Asia Limited, Bank Asia Securities Limited, BA Exchange Company (UK) Limited and BA Express USA Inc. 1.2 Provision for income tax has been shown @ 40 % as prescribed in Finance Act, 2017 of the accounting profit made by the Bank after considering some of the taxable add backs of income and disallowances of expenditures including provision for loans. 2.0 General: 3.0 a) Figures appearing in these financial statements have been rounded off to the nearest Taka. b) Figures of previous year have been rearranged wherever necessary to conform to current year s presentation. Bonus Share of Tk. 1,057.51 million for the year ended December 31, 2016 was approved in the 18th AGM held on July 03, 2017. Issued bonus shares have been considered as capital in this year as well as in the last year's presentation. For Bank Asia Limited Md. -Sd- -Sd- -Sd- President & Managing Director Director Chairman Moh -Sd- -Sd- Chief Financial Officer (CC) Company Secretary
4 Cash 4.1 In hand Conventional and Islamic banking 4.1(a) Local currency 2,016,728,631 2,059,782,311 Foreign currencies 14,752,775 17,155,946 2,031,481,406 2,076,938,257 Off-shore banking unit - - 2,031,481,406 2,076,938,257 Consolidated cash in hand Bank Asia Limited 2,031,481,406 2,076,938,257 Bank Asia Securities Limited 22,865 8,377 BA Exchange Company (UK) Limited 2,575,986 2,853,603 BA Express USA, Inc 178,349 97,179 2,034,258,606 2,079,897,416 4.2 Balance with Bangladesh Bank and its agent bank (including foreign currencies) 4.2(a) Conventional and Islamic banking Balance with Bangladesh Bank Local currency (statutory deposit) 12,897,883,217 13,036,708,415 Foreign currencies 121,530,476 391,688,896 13,019,413,693 13,428,397,311 Balance with agent bank (Sonali Bank Limited) Local currency 359,558,461 475,423,327 Foreign currencies - - 359,558,461 475,423,327 13,378,972,154 13,903,820,638 Off-shore banking unit - - 13,378,972,154 13,903,820,638 Consolidated Balance with Bangladesh Bank and its agent bank (including foreign currencies) Bank Asia Limited 13,378,972,154 13,903,820,638 Bank Asia Securities Limited - - 13,378,972,154 13,903,820,638 5 Balance with other banks and financial institutions In Bangladesh Conventional and Islamic banking (Note 5.1) 21,528,065,259 10,702,481,995 Off-shore banking unit - - 21,528,065,259 10,702,481,995 Outside Bangladesh Conventional and Islamic banking (Note 5.2) 1,610,770,833 1,066,474,297 Off-shore banking unit 268,955,253 1,504,277,184 1,879,726,086 2,570,751,481 23,407,791,345 13,273,233,476 5.1 Conventional and Islamic banking - In Bangladesh Current accounts AB Bank Limited 41,480 41,480 Agrani Bank Limited 162,530 826,280 National Bank Limited 816,024 796,058 Sonali Bank Limited 388,677,789 155,332,208 Standard Chartered Bank 5,546,244 226,677 Jamuna Bank Limited 2,590 2,590 Trust Bank Limited 3,527,940 (37,600,687) 398,774,597 119,624,606 Short- notice deposit accounts BRAC Bank Limited 1,087,689 730,099 AB Bank Limited 532,105 526,403 Islami Bank Bangladesh Limited 173,530 172,800 Bank Alfalah Limited 1,993,416 100,842,303 Uttara Bank Limited 63,922 85,784 3,850,662 102,357,389
Fixed deposit accounts/ MTDR Islamic Finance and Investment Limited - 100,000,000 Hajj Finance Company Limited 100,000,000 100,000,000 100,000,000 200,000,000 502,625,259 421,981,995 Placements With Banking companies 19,025,440,000 10,280,500,000 With Non-banking financial institutions 2,000,000,000-21,025,440,000 10,280,500,000 21,025,440,000 10,280,500,000 Details of Placement with Banking companies In Local Currency: NRB Bank Limited - 200,000,000 NRB Global Bank Limited - 200,000,000 Jamuna Bank Limited 2,000,000,000 - IFIC Bank Limited 3,600,000,000 - Midland Bank Limited - 200,000,000 AB Bank Limited 2,500,000,000 - BRAC Bank Limited - 750,000,000 National Bank Limited 2,000,000,000 1,000,000,000 Shahjalal Bank Limited 1,750,000,000 1,500,000,000 One Bank Limited 1,000,000,000 1,000,000,000 Social Islami Bank Limited 1,500,000,000 1,000,000,000 Mercantile Bank Limited 1,000,000,000 1,000,000,000 Standard Bank Limited - 1,000,000,000 Dhaka Bank Limited - 1,000,000,000 Modhumoti Bank Limited - 250,000,000 South Bangla Agriculture and Commerce Bank Limited 500,000,000-15,850,000,000 9,100,000,000 In Foreign Currency: - Mutual Trust Bank Limited 1,373,600,000 - Eastern Bank Limited - 1,180,500,000 AB Bank Limited 808,000,000 - Mercantile Bank Limited 808,000,000 - Modhumoti Bank Limited 185,840,000-3,175,440,000 1,180,500,000 19,025,440,000 10,280,500,000 21,528,065,259 10,702,481,995 Details of Placement with Non-banking financial institutions Delta Brac Housing 800,000,000 - National House Finance and Investment Limited 200,000,000 - IPDC Finance Limited 500,000,000 - United Leasing Company 500,000,000-2,000,000,000-5.2 Conventional and Islamic banking -Outside Bangladesh Interest bearing : Citibank N.A., London (EURO) - 20,681,324 Citibank N.A., London (GBP) 4,390,438 3,827,315 Citibank NA, New York (USD) 1,244,253,949 792,753,215 Habib American Bank, New York 23,023,739 5,134,395 Mashreqbank psc, New York (USD) - 580,871 Standard Chartered Bank, Mumbai 14,120,416 102,345,892 Standard Chartered Bank, New York - 146,368 1,285,788,542 925,469,379
5(a) Non-interest bearing : AB Bank Limited, Mumbai 9,531,564 14,175 Al Rajhi Bank K.S.A 17,982 919,982 Bhutan National Bank Limited, Thimphu 4,857,714 897,984 Casisse Centrale Desjardins - 621,340 Commerzbank AG, Frankfurt (EURO) 284,054,305 51,744,589 Commerzbank AG, Frankfurt (USD) - 44,236,583 Habib Metropolitan Bank Limited, Karachi - 7,928,216 Habib Bank Uk Plc, London (USD) 36,472 - Habib Bank UK, London 1,227,287 51,274 ICICI Bank Limited, Kowloon - 13,614 ICICI Bank Limited, Mumbai - 22,596,745 JP Morgan Chase Bank N.A New York, U.S.A - 34,891 Mashreqbank psc, Mumbai (EURO) 777,846 660,420 Muslim Commercial Bank Limited, Colombo 5,742,617 4,200,567 Bank of Sydney 448,253 85,845 Nepal Bangladesh Bank Limited, Kathmandu 6,155,142 4,096,072 Sonali Bank (UK) Limited, London 2,775,561 38,564 Saudi Hollandi K.S.A 5,427,400 30,734 UBAF, Tokyo - 48,857 Unicredit Bank AG, Munich (EURO)/Hypovereins Bank, Munich (EURO) 1,955,458 158,292 Wells Fargo Bank NA, New York, (USD) - 28,198 Wells Fargo Bank NA, London, (Euro) 74,532 354,710 Bank Of Tokyo-Mitsubishi, Tokyo (Yen) 1,424,298 1,467,524 Zurcher Kantonal Bank, Switzerland 475,860 775,743 324,982,291 141,004,918 1,610,770,833 1,066,474,297 Placement with Off-shore Banking Unit 1,050,400,000 - Less: Inter-company transactions (1,050,400,000) - 1,610,770,833 1,066,474,297 Consolidated Balance with other banks and financial institutions In Bangladesh Bank Asia Limited 21,528,065,259 10,702,481,995 Bank Asia Securities Limited 384,392,648 317,381,382 21,912,457,907 11,019,863,377 Less: Inter-company transactions 18,670,733 36,057,950 21,893,787,174 10,983,805,427 Outside Bangladesh Bank Asia Limited 1,879,726,086 2,570,751,481 Bank Asia Securities Limited - - BA Exchange Company (UK) Limited 7,807,794 5,879,569 BA Express USA, Inc 50,900,393 54,670,895 1,938,434,273 2,631,301,945 23,832,221,447 13,615,107,372 6 Money at call and on short notice Call money With Banking companies (Note 6.1) - 1,320,000,000 With Non-banking financial institutions (Note 6.2) - 3,550,000,000-4,870,000,000 6.1 Call Money- with Banking companies: NRB Bank Limited - 220,000,000 Midland Bank Limited - 250,000,000 Modhumoti Bank Limited - 250,000,000 Habib Bank Limited - 300,000,000 Jamuna Bank Limited - 300,000,000-1,320,000,000
6.2 Call Money- with non banking financial institutions 6(a) Investment Corporation of Bangladesh - 3,400,000,000 Delta Brac Housing - 150,000,000-3,550,000,000 Consolidated Money at call and on short notice Bank Asia Limited - 4,870,000,000 Bank Asia Securities Limited - - - 4,870,000,000 7 Investments Government (Note 7.1) 23,813,647,577 36,112,473,144 Others (Note 7.2) 3,127,970,377 3,252,738,881 26,941,617,954 39,365,212,025 7.1 Government Conventional and Islamic banking (Note 7.1.1) 23,813,647,577 36,112,473,144 Off-shore banking unit - - 23,813,647,577 36,112,473,144 7.1.1 Conventional and Islamic banking Treasury bills (Note 7.1.1.1) 5,653,895,279 4,020,968,205 Treasury bonds (Note 7.1.1.2) 18,157,537,498 17,311,406,196 Bangladesh Bank bills (Note 7.1.1.3) - 14,777,007,943 Prize bonds 2,214,800 3,090,800 23,813,647,577 36,112,473,144 7.1.1.1 Treasury bills 91 days treasury bills 989,784,000 182 days treasury bills 4,664,111,279 1,497,929,029 364 days treasury bills - 2,523,039,176 5,653,895,279 4,020,968,205 7.1.1.2 Treasury bonds Bangladesh Bank Islamic bond 578,500,000 564,600,000 2 years Bangladesh Government treasury bonds 1,988,458,000-5 years Bangladesh Government treasury bonds 3,243,874,803 4,504,174,803 10 years Bangladesh Government treasury bonds 6,455,385,318 6,351,312,016 15 years Bangladesh Government treasury bonds 5,648,584,142 5,648,584,142 20 years Bangladesh Government treasury bonds 242,735,235 242,735,235 18,157,537,498 17,311,406,196 7.1.1.3 Bangladesh Bank bills 14 days Bangladesh Bank bills - 4,494,865,500 30 days Bangladesh Bank bills - 10,282,142,443-14,777,007,943 7.2 Others Conventional and Islamic banking (Note 7.2.1) 3,127,970,377 3,252,738,881 Off-shore banking unit 542,006,400 298,995,308 Less: Adjustment with OBU (542,006,400) (298,995,308) 3,127,970,377 3,252,738,881 7.2.1 Conventional and Islamic banking a) Ordinary shares (Details are shown in Annexure-B) Quoted shares 490,534,706 614,055,401 Unquoted share 93,714,300 93,575,971 584,249,006 707,631,372
7(a) b) Mutual Fund (Details are shown in Annexure-B) 1st Janata Bank Mutual fund 50,000,000 50,000,000 EBL NRB Ist Mutual Fund 149,665,000 149,665,000 Ist Bangladesh Fixed Income Fund 250,000,000 250,000,000 MBL 1st Mutual Fund 50,000,000 50,000,000 EXIM Bank 1st Mutual Fund 242,235,820 247,705,052 741,900,820 747,370,052 c) Debentures Beximco Denims Limited 9,537,605 9,537,605 Beximco Textiles Limited 6,445,370 6,445,370 15,982,975 15,982,975 d) Bonds MTBL subordinated bond 75,000,000 75,000,000 MTB Second subordinated bond 400,000,000 400,000,000 UCB Second subordinated bond 300,000,000 300,000,000 BSRM Steels Limited zero coupon bond 142,837,576 170,754,482 Premier Bank Non-convert subordinated bond 500,000,000 500,000,000 Prime Bank Limited Coupon bond - 70,000,000 BSRML Coupon bond 44,000,000 66,000,000 7 Year Preference Share of Summit BPL 64,000,000 - SIBL subordinated Mudaraba bond 160,000,000 200,000,000 SIBL 2nd Mudaraba Subordinated Bond 100,000,000-1,785,837,576 1,781,754,482 3,127,970,377 3,252,738,881 Consolidated Investments Government Bank Asia Limited 23,813,647,577 36,112,473,144 Bank Asia Securities Limited - - 23,813,647,577 36,112,473,144 Others Bank Asia Limited 3,127,970,377 3,252,738,881 Bank Asia Securities Limited 565,529,090 346,594,514 3,693,499,467 3,599,333,395 27,507,147,044 39,711,806,539 8 Loans and advances/investments Loans, cash credits, overdrafts, etc/investments (Note 8.1) 172,011,906,047 155,016,374,171 Bills purchased and discounted (Note 8.2) 15,258,734,371 8,593,408,568 187,270,640,418 163,609,782,739 8.1 Loans, cash credits, overdrafts, etc/investments Conventional and Islamic banking Inside Bangladesh Agricultural loan 3,631,600,012 2,966,056,345 Cash credit/bai Murabaha (Muajjal) 4,366,684,302 4,088,218,482 Credit card 1,532,447,692 1,252,443,050 Credit for poverty alleviation scheme-micro credit 7,957,787 8,211,805 Consumer credit scheme 8,624,181,601 7,076,436,997 Demand loan 28,280,851,867 26,076,843,769 Export Development Fund (EDF) 12,485,814,013 10,139,413,219 House building loans 1,055,764,595 923,358,410 Loans (General)/ Musharaka 10,240,187,175 7,541,565,826 Loan against trust receipts/ Bai Murabaha post import 12,469,922,562 10,544,307,848 Overdrafts/ Quard against scheme 28,312,474,915 28,072,352,928 Packing credit 395,313,987 452,810,159 Payment against documents 519,150,959 332,742,582 Staff Loan 1,306,311,165 1,329,101,220
Small and medium enterprise (SME) 4,476,982,119 3,957,226,919 Transport loan 1,681,896,566 1,486,136,986 Term loan- industrial 12,728,773,756 9,207,035,041 Term loan- others/ Hire purchase under Shirkatul Melk 37,474,245,188 38,176,243,128 169,590,560,261 153,630,504,714 Outside Bangladesh - - 169,590,560,261 153,630,504,714 Off-shore banking unit 2,421,345,786 1,385,869,457 172,011,906,047 155,016,374,171 8.2 Bills purchased and discounted Conventional and Islamic banking 3,066,264,313 2,231,598,821 Off-shore banking unit 12,192,470,058 6,361,809,747 15,258,734,371 8,593,408,568 8.14 Bills purchased and discounted Payable in Bangladesh 13,653,778,566 7,231,191,495 Payable outside Bangladesh 1,604,955,805 1,362,217,073 15,258,734,371 8,593,408,568 8.(a) Consolidated Loans and advances/investments Loans, cash credits, overdrafts, etc/investments Bank Asia Limited 172,011,906,047 155,016,374,171 Bank Asia Securities Limited 5,163,479,666 5,380,138,055 177,175,385,713 160,396,512,226 Less: Inter- companies transactions 2,249,839,107 2,450,004,404 174,925,546,606 157,946,507,822 Bills purchased and discounted Bank Asia Limited 15,258,734,371 8,593,408,568 Bank Asia Securities Limited - - 15,258,734,371 8,593,408,568 190,184,280,977 166,539,916,390 9 Fixed assets including premises, furniture and fixtures Conventional and Islamic banking (Note 9.1) 5,326,516,024 5,249,722,487 Off-shore banking unit - - 5,326,516,024 5,249,722,487 9(a) Consolidated Fixed assets including premises, furniture and fixtures Bank Asia Limited 5,326,516,024 5,249,722,487 Bank Asia Securities Limited 4,322,122 1,155,819 BA Exchange Company (UK) Limited 4,745,100 5,058,756 BA Express USA, Inc 6,296,465 7,211,405 5,341,879,711 5,263,148,467 10 Other assets Conventional and Islamic banking (Note 10.1) 10,978,192,007 10,659,652,878 Off-shore banking unit 58,254,526 187,338,736 11,036,446,533 10,846,991,614 10.1 Conventional and Islamic banking Income generating other assets Investment in Bank Asia Securities Ltd 1,999,990,000 1,999,990,000 Investment in BA Exchange Company (UK) Limited 32,706,000 29,400,000 Investment in BA Express USA Inc 77,568,000 75,552,000 2,110,264,000 2,104,942,000 Non-income generating other assets Income receivable (Note 10.2) 1,007,036,397 646,062,044 Stock of stamps 6,920,888 6,229,735 Stationery, printing materials, etc 39,967,823 28,082,022 Prepaid expenses 71,338,226 9,487,252 Deposits and advance rent 337,628,607 278,444,649 Due from Capital Market Division of the Bank 161,801 - Advances, prepayments and others (Note 10.3) 204,989,425 180,570,610
Advance income tax (Note 10.4) 6,345,284,949 6,868,217,724 Receivable from government 377,280,486 126,163,566 Sundry debtors 189,812,431 127,064,677 Branch adjustment account (Note 10.5) - 35,223,277 Adjustment account debit 34,187,187 - Protested bills 66,142,265 66,997,265 Receivable from BA Exchange Company (UK) Limited 42,136,677 45,388,625 Receivable from BA Express USA Inc 143,541,805 127,240,282 Excise duty recoverable 1,499,040 9,539,150 8,867,928,007 8,554,710,878 10,978,192,007 10,659,652,878 10.2 Income receivable Income receivable consists of interest accrued on investment and other income. 10.3 Advances, prepayments and others 10(a) Advances, prepayments and others account consists of advance amount paid for purchasing of fixed assets, advance payment of rent for new branches of the Bank, advance against salary and legal expenses, etc. Consolidated Other assets Bank Asia Limited 11,036,446,533 10,846,991,614 Bank Asia Securities Limited 268,048,625 247,487,042 BA Exchange Company (UK) Limited 4,702,420 3,927,250 BA Express USA, Inc 72,646,944 60,526,377 11,381,844,522 11,158,932,283 Less: Inter- companies transactions Investment in Bank Asia Securities Limited 1,999,990,000 1,999,990,000 Investment in BA Exchange Company (UK) Limited 32,169,000 28,386,000 Investment in BA Express USA, Inc 77,760,000 75,504,000 Receivable from BASL 161,801 - Receivable from BA Exchange Company (UK) Limited 42,136,677 45,388,625 Receivable from BA Exchange USA, Inc. 143,541,805 127,240,282 9,086,085,239 8,882,423,376 11 Borrowings from other banks, financial institutions and agents Conventional and Islamic banking (Note 11.1) 12,042,525,494 9,347,599,580 Off-shore banking unit (Note 11.2) 15,018,681,990 9,474,823,844 Less: Adjustment with Head Office (1,050,400,000) - 26,010,807,484 18,822,423,424 11.1 Conventional and Islamic banking In Bangladesh (Note 11.1.1) 12,042,525,494 9,347,599,580 Outside Bangladesh - - 12,042,525,494 9,347,599,580 11.1.1 In Bangladesh Secured: - - Un secured: Money at call and on short notice The Trust Bank Limited 600,000,000 - State Bank of India 310,000,000-910,000,000 - Borrowings Bangladesh Bank refinance 84,547,334 103,695,498 SME Foundation Pre Finance 77,100,000 37,100,000 Borrowing A/C (AGRI Taka 10) 18,806,524 4,357,097 Bio-Gas Plant refinance 733,332 824,999 Borrowing- Green finance refinance 150,000,000 170,000,000 Export development fund 10,801,338,304 9,031,629,147 Onshore export discount fund 542,006,400 298,988,147 11,674,531,894 9,646,594,888 Less : Inter borrowings between OBU and Conventional Banking (542,006,400) (298,995,308) 12,042,525,494 9,347,599,580
11.2 Borrowing at Off-shore banking unit Secured : 11(a) 11(aa) - - Un secured: Conventional Banking 1,053,000,000 - International Finance Corporation 3,240,000,000 2,359,500,000 Borrowing - ECA 474,795,119 ICICI Bank Limited, Dubai 810,000,000 471,900,000 Standard Chartered Bank, Singapore 1,215,000,000 1,266,092,049 CaixaBank - 1,573,000,000 First Gulf Bank 405,000,000 1,063,662,600 Mashreq, USA 405,000,000 - National Bank of Ras Al Khaimah 1,255,500,000 1,415,700,000 Nepal Bangladesh Bank Limited 243,000,000 393,250,000 Emirates NBD Bank 683,964,000 - United Bank Limited, UAE 1,433,700,000 831,959,700 Habib AG Zurich - 99,759,495 Commerzbank A.G, Frankfurt 102,740,230 Bank Muscat SAOG 704,781,000 - KBC Bank, Brussels 76,201,641 - Standard Chartered Bank, Hong Kong 648,000,000 - Bank Muscat SAOG 810,000,000 - BOT, Mitsubishi 810,000,000 - Noor Bank PJSC 243,000,000 - HDFC Bank 405,000,000-15,018,681,990 9,474,823,844 Consolidated Borrowings from other banks, financial institutions and agents Bank Asia Limited 26,010,807,484 18,822,423,424 Bank Asia Securities Limited 2,417,288,962 2,606,557,920 28,428,096,446 21,428,981,344 Less: Inter-company transactions 2,249,839,107 2,450,004,404 26,178,257,339 18,978,976,940 Subordinated Non-Convertible bonds Subordinated Non-Convertible Zero Coupon bond A.K Khan & Company Limited 38,578,342 82,171,739 AB Bank 1st Mutual Fund 5,859,904 12,481,576 EBL First Mutual Fund 1,541,827 3,284,087 EBL NRB Mutual Fund 3,074,048 6,547,712 EXIM Bank 1st Mutual Fund 6,172,112 13,146,578 First Bangladesh Fixed Income Fund 32,397,584 69,006,746 IFIC Bank 1st Mutual Fund 1,537,024 3,273,856 Industrial and Infrastructure Development Finance Company Limited (IIDFC) 1,891,020 4,027,866 Popular Life 1st Mutual Fund 1,537,024 3,273,856 92,588,885 197,214,016 Subordinated Non-Convertible floating rate bond Agrani Bank Limited 200,000,000 200,000,000 BRAC Bank Limited 100,000,000 100,000,000 Janata Bank Limited 250,000,000 250,000,000 Mercantile Bank Limited 500,000,000 500,000,000 One Bank Limited 600,000,000 600,000,000 Pubali Bank Limited 250,000,000 250,000,000 Rupali Bank Limited 600,000,000 600,000,000 Sonali Bank Limited 500,000,000 500,000,000 3,000,000,000 3,000,000,000
Subordinated Non-Convertible floating rate bond Agrani Bank Limited 250,000,000 - Dhaka Bank Limited 750,000,000 - Janata Bank Limited 250,000,000 - National Life Insurance Co 500,000,000 - Pubali Bank Limited 1,000,000,000 - Sabinco 150,000,000 - Sadharan Bima Corporation 100,000,000 - Sonali Bank Limited 1,000,000,000 - Southeast Bank Limited 500,000,000 - Uttara Bank Limited 500,000,000-5,000,000,000-8,092,588,885 3,197,214,016 12 Deposits and other accounts Conventional and Islamic banking (Note 12.1) 192,048,856,805 191,006,259,141 Off-shore banking unit 308,725,219 266,323,636 192,357,582,024 191,272,582,777 Deposits and other accounts Current/Al-wadeeah current accounts and other accounts Deposits from banks - - Deposits from customers 39,053,213,689 34,001,328,317 Off-shore banking unit 279,039,382 252,430,353 39,332,253,071 34,253,758,670 Bills payable Deposits from banks - - Deposits from customers 2,599,712,317 4,902,979,613 2,599,712,317 4,902,979,613 Savings bank/mudaraba savings bank deposits Deposits from banks - - Deposits from customers 33,032,967,189 27,793,803,978 33,032,967,189 27,793,803,978 Fixed deposits/mudaraba fixed deposits Deposits from banks 60,581,848 1,022,426,422 Deposits from customers 117,302,381,762 123,285,720,811 Off-shore banking unit 29,685,837 13,893,283 117,392,649,447 124,322,040,516 192,357,582,024 191,272,582,777 12.1 Conventional and Islamic banking Deposits from banks (Note 12.1.1) 60,581,848 1,022,426,422 Deposits from customers (Note 12.1.2) 191,988,274,957 189,983,832,719 192,048,856,805 191,006,259,141 12.1.1 Deposits from banks Fixed deposit/snd AB Bank Limited 40,009 40,068 EXIM Bank Limited 59,440,517 312,263 Islami Bank Bangladesh Limited - 1,000,000,000 Sonali Bank Limited - 20,982,824 Social Islami Bank Limited 549,615 544,597 Trust Bank Limited 551,707 546,670 60,581,848 1,022,426,422 Bangladesh Bank Refinance - - 60,581,848 1,022,426,422 12.1.2 Deposits from customers Current/Al-wadeeah current accounts and other accounts ( Note 12.1.2a) 39,053,213,689 34,001,328,317 Bills payable (Note 12.1.2b) 2,599,712,317 4,902,979,613 Savings bank/mudaraba savings deposits 33,032,967,189 27,793,803,978 Fixed deposits/mudaraba fixed deposits (Note 12.1.2c) 117,302,381,762 123,285,720,811 191,988,274,957 189,983,832,719
12.1.2a Current/Al-wadeeah current accounts and other accounts Current/Al-wadeeah current accounts 13,568,281,374 12,670,982,805 Other demand deposit - Local currency 19,238,097,179 16,011,616,064 Other demand deposit - Foreign currencies 4,542,937,458 4,065,098,790 Foreign currency deposits 1,703,897,678 1,253,630,658 39,053,213,689 34,001,328,317 12.1.2b Bills payable 12.1.2c Bills payable - local currency 2,592,655,558 4,896,424,017 Bills payable - foreign currencies 7,056,759 6,555,596 2,599,712,317 4,902,979,613 Fixed deposits/mudaraba fixed deposits Fixed deposits/mudaraba fixed deposits 63,406,646,480 67,718,049,550 Special notice deposit 21,557,378,407 23,189,124,189 Foreign currency deposits (interest bearing) 3,211,141 3,099,967 Deposit under schemes 32,335,145,734 32,375,447,105 117,302,381,762 123,285,720,811 12.2 Payable on demand and time deposits 12(a) a) Demand deposits Current/Al-wadeeah current accounts and other accounts 13,847,320,756 12,923,413,158 Savings bank/mudaraba savings deposits 2,972,967,047 2,501,442,358 Foreign currency deposits (non interest bearing) 6,246,835,136 5,318,729,448 Sundry deposits 19,238,097,179 16,011,616,064 Bills payable 2,599,712,317 4,902,979,613 44,904,932,435 41,658,180,641 b) Time deposits Savings bank/mudaraba savings deposits 30,060,000,142 25,292,361,620 Fixed deposits/mudaraba fixed deposits 63,496,914,165 68,754,369,255 Foreign currency deposits (interest bearing) 3,211,141 3,099,967 Special notice deposit 21,557,378,407 23,189,124,189 Deposits under schemes 32,335,145,734 32,375,447,105 147,452,649,589 149,614,402,136 192,357,582,024 191,272,582,777 Consolidated Deposits and other accounts Current/Al-wadeeah current accounts and other accounts Bank Asia Limited 39,332,253,071 34,253,758,670 Bank Asia Securities Limited 390,576,770 336,518,761 39,722,829,841 34,590,277,431 Less: Inter-company transactions 18,670,733 36,057,950 39,704,159,108 34,554,219,481 Bills payable Bank Asia Limited 2,599,712,317 4,902,979,613 Bank Asia Securities Limited - - 2,599,712,317 4,902,979,613 Savings bank/mudaraba savings bank deposits Bank Asia Limited 33,032,967,189 27,793,803,978 Bank Asia Securities Limited - - 33,032,967,189 27,793,803,978 Fixed deposits/mudaraba fixed deposits Bank Asia Limited 117,392,649,447 124,322,040,516 Bank Asia Securities Limited - - 117,392,649,447 124,322,040,516 192,729,488,061 191,573,043,588
13 Other liabilities Conventional and Islamic banking (Note 13.1) 22,568,967,558 20,862,468,284 Off-shore banking unit 5,947,049 2,535,010 22,574,914,607 20,865,003,294 13.1 Conventional and Islamic banking 13(a) Provision for loans and advances/investments (Note 13.2) 8,137,948,938 7,423,718,412 Provision on off-balance sheet exposures (Note 13.3) 1,266,320,470 1,107,620,470 Interest suspense account (Note 13.4) 1,823,889,738 1,584,318,032 Provision for income tax including deferred tax (Note 13.5) 8,595,475,391 9,017,765,672 Provision for performance and festival bonus 177,959,938 186,976,135 Master card and Visa card payables 11,934,838 2,408,414 Expenditures and other payables 57,079,270 88,460,387 Other payable 85,903,140 71,832,181 Provision for profit equalisation 18,758,686 18,758,686 Provison for Smart Junior Saver A/c - 135,618 Provision for diminution in value of shares (Note 13.8) 253,383,553 253,383,553 Payable to Government 301,367,621 168,647,621 Provision for others (Note 13.9) 134,718,755 134,822,336 Rebate payable on good borrowers 67,700,000 71,400,000 Unearned income 522,220,369 457,801,235 Clearing adjustment account - 113,680,477 Interest payable on subordinated non-covertable zero coupon bond 243,075,272 160,739,055 Branch adjustment account credit balance 167,132,701 - Nostro account credit balance 346,104,140 - ATM/POS settlement account 355,486,573 - Interest payable on export bill discount 2,508,165-22,568,967,558 20,862,468,284 Consolidated Other liabilities Bank Asia Limited 22,574,914,607 20,865,003,294 Bank Asia Securities Limited 1,576,311,722 1,418,075,749 BA Exchange Company (UK) Limited 43,639,693 38,521,659 BA Express USA, Inc 117,880,812 104,475,023 Foreign currency effect for subsidiaries - - 24,312,746,834 22,426,075,725 Less: Inter- companies transactions Receivable from BASL 161,801 - Receivable from BA Exchange (UK) Limited 42,136,677 45,388,625 BA Express USA, Inc 143,541,805 127,240,282 24,126,906,551 22,253,446,818 14 Share capital 14.1 Authorized capital 1,500,000,000 ordinary shares of Taka 10 each 15,000,000,000 15,000,000,000 14.2 Issued, subscribed and fully paid up capital 56,372,480 ordinary shares of Taka 10 each issued for cash 563,724,800 563,724,800 364,010,770 (2010: 243,901,270) ordinary shares of Taka 10 each issued as bonus shares 3,640,107,700 3,640,107,700 Right shares issued 25% for the year 2011 1,050,958,100 1,050,958,100 Issued as bonus shares 20% for the year 2011 1,050,958,120 1,050,958,120 Issued as bonus shares 10% for the year 2012 630,574,870 630,574,870 Issued as bonus shares 10% for the year 2013 693,632,350 693,632,350 Issued as bonus shares 10% for the year 2014 762,995,590 762,995,590 Issued as bonus shares 5% for the year 2015 419,647,570 419,647,570 Issued as bonus shares 12% for the year 2016 1,057,511,890-9,870,110,990 8,812,599,100 14.3 Initial public offer (IPO) Out of the total issued, subscribed and fully paid up capital of the Bank 2,000,000 ordinary shares of Taka 100 each amounting to Taka 200,000,000 was raised through public offering of shares in 2003.
15 Statutory reserve Balance at the beginning of the year 6,533,632,030 5,876,250,921 Add: Addition during the year (20% of pre-tax profit) 536,815,937 657,381,109 Balance at the end of the period 7,070,447,967 6,533,632,030 16 Revaluation reserve HTM securities (Note 16.1) 3,409,321 3,742,574 HFT securities (Note 16.2) - 36,651,324 Fixed Assets revaluation (Note 16.3) 2,199,218,479 2,199,218,479 2,202,627,800 2,239,612,377 16.1 Revaluation reserve on HTM securities Balance at 1 January 3,742,574 3,305,385 Gain from revaluation on investments - 1,940,195 Adjustment for sale/maturity of securities (333,253) (1,503,006) 3,409,321 3,742,574 16.2 Revaluation reserve on HFT securities Balance at 1 January 36,651,324 264,905,490 Gain from revaluation on investments 303,206,892 2,242,649,728 Adjustment for sale/maturity of securities (339,858,216) (2,470,903,894) - 36,651,324 16.3 Revaluation reserve on Fixed Assets Balance at 1 January 2,199,218,479 2,281,418,967 Depreciation charged during the year - (82,200,488) 2,199,218,479 2,199,218,479 16 (a) Consolidated Revaluation reserve Bank Asia Limited 2,202,627,800 2,239,612,377 Bank Asia Securities Limited - - 2,202,627,800 2,239,612,377 17 Retained earnings Balance at 1 January 1,444,468,074 2,152,333,448 Add: Post - tax profit fot the year 1,356,079,686 1,545,905,547 Revaluation reserve transferred to retained earnings - 82,200,488 2,800,547,760 3,780,439,483 Less: Issue of bonus shares for the year 2015-419,647,570 Issue of cash dividend for the year 2015-1,258,942,730 Issue of bonus shares for the year 2016 1,057,511,890 - Transfer to statutory reserve 536,815,937 657,381,109 1,594,327,827 2,335,971,409 1,206,219,933 1,444,468,074 17(a) Consolidated Retained earnings Balance at 1 January 1,267,955,303 1,867,693,933 Add: Foreign exchange revaluation reserve for opening retained earnings (8,271,807) 9,966,616 Revaluation reserve transferred to retained earnings - 82,200,488 Post- tax profit for the year 1,419,552,279 1,644,066,246 Less: Non controlling interest 350 570 2,679,235,425 3,603,926,713 Less: Issue of bonus shares for the year 2015-419,647,570 Issue of cash dividend for the year 2015-1,258,942,730 Issue of bonus shares for the year 2016 1,057,511,890 - Transferred to statutory reserve 536,815,937 657,381,109 1,594,327,827 2,335,971,409 1,084,907,598 1,267,955,303