Howladar Yunus & Co

Chartered Accountants
Bangladesh Commerce Bank Limited
Balance Sheet
As of 31 December 2010
2010
Taka

Notes
PROPERTY & ASSETS
CASH
Cash in Hand (Including foreign currency)
Balance with Bangladesh Bank and its agent bank (s)
(Including foreign currency)
BALANCE WITH OTHER BANKS & FINANCIAL
INSTITUTIONS
In Bangladesh
Outside Bangladesh
MONEY AT CALL AND SHORT NOTICE
INVESTMENTS
Government
Others
LOANS AND ADVANCES
Loan, Cash Credit and Over Drafts etc.
Bills Purchased and Discounted
Loans & Advances of BCI
Total Loans and Advances
FIXED ASSETS including premises, furniture & fixtures
OTHER ASSETS
NON-BANKING ASSETS
TOTAL ASSETS
LIABILITIES AND CAPITAL
Borrowings from other Banks, Financial Institutions and agents
DEPOSITS AND OTHER ACCOUNTS
Current Account and Other Accounts etc.
Savings Bank Deposits
Short Term Deposits
Fixed Deposits
Deposit under Different Schemes
Bills Payable
Bank Deposit
Other Deposits
Deposits(BCI)
OTHER LIABILITIES
TOTAL LIABILITIES
SHAREHOLDERS' EQUITY
SHARE CAPITAL
Paid-up-Capital
Share Capital BCI Ltd.
Revaluation Reserve on DSE Membership
Statutory Reserve
Other Reserve
Revaluation Reserve for HTM Securities
Exchange Equalization Account
Surplus/Deficit in Profit and Loss Account
Total Shareholders' Equity
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

03.00

04.00

05.00
06.00

07.00

07.14
08.00
09.00
10.00

11.00
12.00

12.01
12.03
12.04
13.00

14.02

15.00
16.00

17.00

2009
Taka

763,123,871
174,197,323

778,555,729
131,700,299

588,926,549

646,855,430

4,169,752,271
4,109,453,871
60,298,400
330,000,000
1,472,321,723
1,127,904,760
344,416,963
7,600,797,170
7,599,373,830
1,423,340
665,222,894
8,266,020,064
48,180,592
528,961,643
15,578,360,165

984,808,753
943,891,978
40,916,775
450,000,000
710,059,072
693,348,800
16,710,272
5,526,804,353
5,523,312,097
3,492,256
729,397,327
6,256,201,680
38,953,476
209,240,780
9,427,819,490

100,000,000
12,187,614,460
1,965,647,110
989,904,941
1,334,453,570
5,026,466,909
752,111,890
160,908,668
1,820,000,000
138,121,373
58,628,474
1,085,716,211
13,431,959,145

7,604,975,266
541,337,121
898,657,064
662,053,186
3,965,746,954
663,816,075
131,060,021
400,000,000
342,304,846
71,727,047
732,372,478
8,409,074,791

1,988,742,800
39,000,000
98,329,157
3,848,512
11,836,557
4,643,994
2,146,401,020
15,578,360,165

920,000,000
39,000,000
65,792,413
3,848,512
11,836,557
4,395,060
(26,127,843)
1,018,744,699
9,427,819,490

These Financial Statements should be read in conjunction with the annexed notes

Chairman

Director

Director

Managing Director

See annexed auditors' report to the shareholders of the date.

Howladar Yunus & Co.

Chartered Accountants

Dated, Dhaka

Howladar Yunus & Co

Chartered Accountants
Bangladesh Commerce Bank Limited
Off-Balance Sheet
As of 31 December 2010

Notes
CONTINGENT LIABILITIES
Contra entries (BCI)
Letter of Guarantees
Letter of Credit
Bills for Collection
Other contingent liability
TOTAL CONTINGENT LIABILITIES

18.00
18.01
18.02

18.03

2010
Taka

2009
Taka

13,231,321
100,834,581
634,746,923
67,250,528
71,192,301
887,255,654

13,231,321
104,024,022
250,975,065
23,547,453
554,287,301
946,065,162

OTHER COMMITMENTS
Documentary Credits and short term trade
related transactions
Forward assets purchased and forward
deposits placed
Undrawn note issuance and revolving
underwriting facilities
Undrawn formal standby facilities, credit lines and
other commitments
Total

TOTAL OFF-BALANCE SHEET ITEMS

887,255,654

946,065,162

These Financial Statements should be read in conjunction with the annexed notes

Chairman

Director

Director

Managing Director

See annexed auditors' report to the shareholders of the date.

Howladar Yunus & Co.

Chartered Accountants

Dated, Dhaka
May 26, 2010

Howladar Yunus & Co

Chartered Accountants
Bangladesh Commerce Bank Limited
Profit and Loss Account
For the year ended 31 December 2010

OPERATING INCOME
Interest Income
Less: Interest Paid on Deposits and Borrowings etc
Net Interest Income
Income from Investments
Commission, Exchange Earnings & Brokerage
Other Operating Income

Notes

2010
Taka

19.00
20.00

926,555,777
621,149,033
305,406,744
178,700,106
90,933,697
42,740,676
312,374,479
617,781,223

905,556,240
552,907,005
352,649,235
71,751,529
43,619,296
21,850,689
137,221,514
489,870,749

184,540,144
28,731,799
599,498
4,096,523
9,832,971
5,739,353
771,150
100,000
15,528,913
42,425,103
292,365,455
325,415,768
100,000,000
30,000,000
32,732,049
162,732,049
162,683,719
99,375,138
100,000,000
(624,862)
63,308,582

142,390,307
18,418,714
435,158
2,708,095
5,332,608
1,641,200
692,000
400,000
12,256,918
17,465,881
201,740,881
288,129,868
51,800,000
84,632,979
136,432,979
151,696,889
110,390,792
110,635,242
(244,450)
41,306,097

32,536,744
32,536,744
30,771,838
3.18

30,339,378
30,339,378
10,966,719
4.49

21.00
22.00
23.00

TOTAL OPERATING INCOME (A)

OPERATING EXPENSES
Salary and Allowances
Rent, Taxes, Insurance, Electricity, etc.
Legal Expenses
Postage, Stamp, Telecommunication etc.
Stationery, Printing, Advertiesment etc.
Managing Director's salary and allowances
Directors' Fee
Audit & Evaluation Fee
Depreciation & Repair of Fixed Assets
Other Expenses
Total Operating Expenses (B)
Profit before Provision (C)=A-B
Provision against Classified Loans
Provision against Un Classified Loans
Other Provisions
TOTAL PROVISION (D)
TOTAL PROFIT/(LOSS) BEFORE TAX (C-D)
PROVISION FOR TAXATION
Provision for Taxation
Provision for Deferred Tax
NET PROFIT/(LOSS) AFTER TAXATION

24.00
25.00
26.00
27.00
28.00

29.00
30.00

13.00
13.00
13.00

APPROPRIATIONS
Statutory Reserve
General Reserve
Dividends etc.

15.00

Retained Surplus
Earnings per Share (EPS)

32.00

2009
Taka

These Financial Statements should be read in conjunction with the annexed notes

Chairman

Director

Director

Managing Director

See annexed auditors' report to the shareholders of the date.

Howladar Yunus & Co.

Chartered Accountants

Dated, Dhaka
May 26, 2010

Howladar Yunus & Co

Chartered Accountants
Bangladesh Commerce Bank Limited
Statement of Cash Flow
For the year ended 31 December 2010
PARTICULARS

Notes

CASH FLOW FROM OPERATING ACTIVITIES

Interest Receipts in Cash
Interest Payment
Dividend Receipts
Fees and Commission Receipts in Cash
Recoveries of Loans Previously Written Off
Cash Payment to employees
Cash Payment to Suppliers
Income Tax paid
Receipts from other Operating Activities
Payment for other Operating Activities
Operating Profit Before Changes in current Assets & Liabilities
Increase/Decrease in operating Assets and Liabilities
(Increase)/Decrease in Statutory Deposits
(Purchase)/Sale of Trading Securities
(Increase)/Decrease in Loan & Advances to Other Banks
(Increase)/Decrease in Loan & Advances to Customers
(Increase)/Decrease in Other Assets
Increase/(Decrease) in Deposits from Other Banks
Increase/(Decrease) in Deposits from Customers
Increase/(Decrease) in Other Liabilities
Increase/(Decrease) in Trading Liabilities
Net Cash Flow from Operating Activities (A)
CASH FLOW FROM INVESTING ACTIVITIES
Proceeds from Sale of Securities
Increase/(Decrease) in Cash due to Sale and Purchase of Assets
(Purchase)/Sale of Property plant and equipment
(Purchase)/Sale of Subsidiary
Net Cash used in Investing Activities (B)
CASH FLOW FROM FINANCIAL ACTIVITIES
Receipts from issue of ordinary Shares/(Redemption of Share capital)
Dividend paid
Net Cash Flow from Financial Activities (C)
Net Increase/(Decrease) in Cash (A+B+C)
Effects of Changes in CRR Maintained with Bangladesh Bank
Opening cash & Cash Equivalent
Closing Cash and Cash Equivalent

2010
Taka

2009
Taka

1,016,111,246
(583,850,852)
885,146
90,933,697
(190,279,497)
(42,661,293)
(1,814,840)
241,921,365
(42,425,103)
488,819,868
1,906,443,679
(2,009,818,384)
(319,720,864)
1,420,000,000
2,362,639,194
353,343,733
2,395,263,547

919,934,757
(575,484,571)
868,418
43,619,296
(144,031,507)
(29,029,810)
(14,409,179)
63,445,410
(10,793,990)
254,118,824
199,806,090
(470,213,414)
(85,129,753)
(20,000,000)
688,108,976
87,040,281
453,924,914

(9,227,116)
(9,227,116)

(11,417,301)
(11,453,325)
(22,870,626)

1,068,742,800
1,068,742,800

31.00

3,454,779,230
2,936,001,672
6,390,780,902

431,054,288
2,475,658,994
2,906,713,282
#REF!

These Financial Statements should be read in conjunction with the annexed notes

Chairman

Director

Director

(6,390,780,902.21)
Managing Director

See annexed auditors' report to the shareholders of the date.

Howladar Yunus & Co.

Chartered Accountants

Dated, Dhaka
May 26, 2010

Howladar Yunus & Co.

Chartered Accountants

Bangladesh Commerce Bank Limited

Statement of Changes in Equity
For the year ended 31 December 2010
Revaluation
Paid up
Share
Statutory
Particulars

Capital

Premium

Reserve

Account
Balance as on 01 January 2010
Share Capital BCI Ltd.

Reserve on

Other
Reserve

Securities
65,792,413

3,848,512

Exchange
Equalization Profit/(Loss)
Account

920,000,000

(26,127,843)

39,000,000

Total
(Tk.)

963,513,082
39,000,000

Prior Year's Adjustment

Dividend Paid during the year

Decrease from Statutory Reserve

Increase in Statutory Reserve

Surplus of Revaluation Reserve for HTM Securities
Issuance of Share Capital

32,536,744
1,068,742,800

32,536,744

11,836,557

1,068,742,800

11,836,557

Redemption of Share Capital

Net Profit/(Loss) for the period

Balance as on 31 December 2010

2,027,742,800

98,329,157

11,836,557

3,848,512

30,771,838

30,771,838

4,643,995

2,146,401,021

Net result of Liquidity Statement represents the Shareholders' Equity of Bank

Chairman

Director

Director

Dated, Dhaka

Managing Director

Howladar Yunus & Co.

Chartered Accountants

Bangladesh Commerce Bank Limited

LIQUIDITY STATEMENT (ASSET AND LIABILITY MATURITY ANALYSIS)
FOR THE YEAR ENDED 31 DECEMBER 2010
Particulars

Upto
01 Month

1-3
Months

3-12
Months

1-5 Years

More than
5 Years

Total

ASSETS:

1,614,874,682
6,043,039
207,424,086
-

1,127,216,660
1,945,936,804
31,021,377
318,706,923
-

763,123,871
4,169,752,271
330,000,000
1,472,321,723
8,266,020,064
48,180,592
528,961,643
-

5,149,290,960

1,828,341,806

3,422,881,764

15,578,360,165

1,334,453,570
3,052,043

3,970,950,807
251,013,103

2,875,516,102
276,920,190

2,041,046,872
613,359,349

100,000,000
12,187,614,460
1,144,344,685

2,065,647,110

1,337,505,613

4,221,963,910

3,152,436,292

2,654,406,221

13,431,959,145

903,801,586

963,036,704

927,327,050

768,475,543

2,146,401,020

Cash in hand & with Bangladesh Bank

Balance with other Banks & Financial Institutions
Money at Call & short notice
Investment
Loans and Advances
Fixed Assets including premises, furniture and fixtures
Other Assets
Non-Banking Assets

763,123,871
1,199,752,271
330,000,000
688,100
673,053,819
2,830,635
-

Total Assets

2,969,448,696

LIABILITIES:
Borrowing from Bangladesh Bank, Other Banks,
Financial Institutions and Agents
Deposits
Other Liabilities
Total Liabilities
Net Liquidity Gap

900,000,000

2,070,000,000
344,416,963
2,638,106,649
4,621,970
92,145,378
-

2,300,542,317

100,000,000
1,965,647,110
-

1,394,048,111
6,494,206
-

(1,324,094,486)

Net result of Liquidity Statement represents the Shareholders' Equity of Bank

Chairman

Director

Director

Dated, Dhaka

Managing Director