GRAMEEN BANK

Balance Sheet
As at 31 December 2010

Notes

2010

2009

Taka

Taka

PROPERTY AND ASSETS

Cash in hand

895,544

Balances with Bangladesh Bank-in local

currency

2,574,932

Balances with other banks and financial

institutions

Investments-at cost

1,119,488
6,094,552

1,308,117,165

1,289,217,003

47,757,186,897

37,750,731,641

Loans and advances-without collateral

68,417,977,923

56,359,028,995

Fixed assets (at cost less accumulated

depreciation) (Annexure-A)

1,379,656,418

1,222,283,438

Investment property (at cost less accumulated

depreciation) (Annexure-B)

108,540,014

111,558,215

Other assets

6,422,009,079

6,265,224,923

125,396,957,97
2 103,005,258,255
CAPITAL AND LIABILITIES

Borrowings from banks and other institutions

1,589,027,602

1,669,160,600

Members deposit

56,644,001,002

45,028,545,273

Non-Members deposit

48,378,999,640

38,302,189,338

4,183,727,068

3,955,756,098

10

Other funds
Deposits and other funds

11

109,206,727,710

87,286,490,709

Other liabilities

12

7,238,222,597

7,306,123,978

Paid up capital

13

547,689,200

523,949,300

Capital and other reserves

14

6,585,290,863

6,057,533,668

Retained surplus

15

230,000,000

162,000,000

7,362,980,063

6,743,482,968

125,396,957,972

103,005,258,255

Shareholders' fund

The annexed notes 1 to 30 form an integral part of these financial statements. .

(M. Shahjahan)

(Nurjahan Begum)

General Manager

Director

Director

Acting Managing Director

ACNABIN
Chartered Accountants

S. F. Ahmed & Co.

Chartered Accountants

Dated, Dhaka
26 July 2011

GRAMEEN BANK
Profit and Loss Account
For the year ended 31 December 2010
Notes

2010

2009

Taka

Taka

OPERATING INCOME
INTEREST INCOME

16

12,435,830,045

9,797,088,049

LESS: INTEREST/PROFIT PAID ON DEPOSITS &

BORROWINGS ETC.

17

(9,227,772,950
) (7,068,039,648)

Net interest income

3,208,057,095

2,729,048,401

Income from investments in fixed deposits

3,946,135,748

3,949,824,956

89,312,500

1,200,000

1,000,000

1,269,126,767

749,438,046

Income from investments in Grameen Mutual

Fund-One
Income from share investments
Other income

18

Total Operating Income

8,513,832,110 7,429,311,403

LESS: OPERATING EXPENSES

Salaries and other related expenses

19

4,639,159,752

3,822,742,404

Rent, rates, taxes, vehicle insurance, utilities

etc.

20

121,793,273

105,866,764

Legal and professional expenses

21

233,111,678

154,756,058

Auditors' fees

22

1,377,800

1,133,825

Stationery, printing, advertisement etc.

23

117,637,985

133,793,830

Managing Director's salary & allowances

24

815,280

637,680

42,000

232,000

Directors remuneration

Repairs & maintenance of fixed assets

25

Depreciation of fixed assets (Annexure-A)

Depreciation of investment property
(Annexure-B)
Other expenses

26

47,007,495

66,122,283

70,798,924

70,835,708

2,405,278

2,410,515

1,569,968,329

1,270,637,161

Total Operating Expenses

6,804,117,794 5,629,168,228

Profit before provision

1,709,714,316

1,800,143,175

Specific provision

1,008,783,786

1,324,137,761

General provision

(56,310,792)

104,432,510

952,472,994

1,428,570,271

757,241,322

371,572,904

757,241,322

371,572,904

162,000,000

109,000,000

Provisions for loans and advances

27

NET PROFIT

APPROPRIATIONS
NET PROFIT TRANSFERRED TO

Retained surplus brought forward from

previous year

15

Dividend equalization fund

250,000,000

50,000,000

Cash dividend @ 30%

164,306,760

157,184,790

General reserve

260,000,000

100,000,000

14,934,562

11,388,114

689,241,322

318,572,904

230,000,000

162,000,000

Employees' welfare fund

Retained surplus

The annexed notes 1 to 30 form an integral part of these financial statements.

(M. Shahjahan)
General Manager

ACNABIN
Chartered Accountants

Director

Director

(Nurjahan Begum)
Acting Managing Director

S. F. Ahmed & Co.

Chartered Accountants

GRAMEEN BANK
Cash Flow Statement
For the year ended 31 December 2010

Notes

2010

2009

Taka

Taka

16,391,247,503

13,303,538,950

89,312,500

1,200,000

1,000,000

Cash flows from operating activities

Interest received
Dividend income Grameen Mutual
Fund-One
Dividend income from share
inestments
Interest paid

(9,227,003,822)

(7,066,648,581)

Cash payments to employees

(4,640,115,182)

(3,823,151,724)

Payments for other operating

expenses

(2,090,896,560)

(1,732,309,921)

Receipts from other operating income

687,231,929

336,701,083

Recoveries from loans previously

written off

580,263,381

408,453,977

1,791,239,749

1,427,583,784

Operating profit before changes in

operating assets and liabilities

(Increase)/decrease in operating assets:

Loans and advances
Other assets

(12,058,948,928) (10,572,071,111)
28

(166,065,866)

(30,137,934)

Increase/(decrease) in operating
liabilities:
Deposits and other funds
Other liabilities
Net cash from operating activities

21,905,302,439
29

18,952,244,232

(1,021,045,353)

(434,485,878)

10,450,482,041

9,343,133,093

Purchase of tangible fixed assets

(212,461,614)

(248,232,726)

Disposal of tangible fixed assets

(13,465,910)

Cash flows from investing activities

Investments in FDR
Net cash used in investing activities

8,696,681

(10,006,455,256)

(9,020,427,420)

(10,232,382,780
) (9,259,963,465)

Cash flows from financing activities

Issue of share capital

23,739,900

165,949,300

(80,132,998)

(62,057,932)

26,173,704

(157,184,790)

(107,400,000)

(15,538,479)

(10,560,000)

(101,128,400)

(202,942,663)

(115,197,032)

Net Increase/(decrease) in cash and cash

equivalents

15,156,598

(32,027,404)

Cash and cash equivalents at beginning of

1,296,431,043

1,328,458,447

Net decrease in borrowings from

banks and other institutions
Net increase in capital reserves
Payment of dividends
Payment of tax on dividends
Payment to GB borrowers'
investments trust
Net cash used in financing activities

the period
Cash and cash equivalents at end of the
period

30

1,311,587,641

1,296,431,043

GRAMEEN BANK
Statement of Changes in Equity
For the year ended 31 December 2010

Particulars

Paid up
Capital

Capital
Reserve

General
Reserve

Dividend
Equalization
Fund

Proposed
Dividend

Other
Reserve

Retained
Surplus

Total

Balance at 1
January 2010 523,949,300 4,280,409,577 1,144,000,000

360,166,000

157,184,790 115,773,301

162,000,000 6,743,482,968

Retained
balance

360,166,000

157,184,790

162,000,000

6,743,482,968

Paid up
capital
Revolving
fund shown
to capital
reserve
Dividend for
the year
2009 @ 30%
Tax paid
Net profit
for the year
Proposed
dividend for
the year
2010 @ 30%

523,949,300 4,280,409,577 1,144,000,000

115,773,301

23,739,900

23,739,900

26,173,704

26,173,704

(15,538,479)

(157,184,790)
(15,538,479)

757,241,322

757,241,322

164,306,760

- (164,306,760)

(157,184,790)
-

General
reserve

260,000,000

- (260,000,000)

Employees
welfare fund

(14,934,562)

(14,934,562)

Dividend
equalization
fund

250,000,000

- (250,000,000)

Balance as at
31 December
2010
547,689,200 4,306,583,281 1,404,000,000

594,627,521

164,306,760 115,773,301

(M Shahjahan)
General Manager

230,000,000

7,362,980,063

(Nurjahan Begum)
Director

Director

Acting Managing Director