Bangladesh Commerce Bank Limited

BALANCE SHEET AS AT 31 DECEMBER 2008

PROPERTY & ASSETS

Cash
Cash in Hand ( Including for eign Currencies)
Balance with Bangladesh Bank and its agent bank ( s)
(Including Foreign Currencies)
BALANCE WITH OTHER BANKS & FINANCIAL
INSTITUTIONS
In Bangladesh
Outside Bangladesh
MONEY AT CALL AND SHORT NOTICE
INVESTMENTS
Government
Others
LOANS AND ADVANCES BCBL
Loan, Cash Cr edit and Over Draft etc.
Bills Purchased and Discounted
Loans & Advances BCI
Total Loans and Advances
Fixed Assets including premises and furniture and fixtures
OTHER ASSETS
NON-BANKING ASSETS
TOTAL ASSETS
LIABILITIES AND CAPITAL
Borrowings from other Banks & Financial Institutions and agents
DEPOSITS AND OTHER ACCOUNTS
Current Deposit and Other Accounts etc.
Savings Bank Deposits
Fixed Deposits
Short Term Deposits
Deposit under different schemes
Bills Payable
Bank Deposit
Other Deposits
Deposits(BCI)
OTHER LIABILITIES
TOTAL LIABILITIES
SHAREHOLDER'S EQUITY
SHARE CAPITAL
Paid-up-Capital
Share Capital BCI Ltd.
Revaluation Reser ve on DSE Member ship
Statutory Reserve
Other Reserve
Revaluation Reser ve for HTM Securities
Surplus/(Deficit) in Profit and Loss account
Total Shareholder's Equity:
TOTAL LIABILITY AND SHAREHOLDER'S EQUITY:

Notes

2008
Taka

2007
Taka

03.00
03.01

518,019,218
116,593,381

434,415,228
125,275,724

03.02

401,425,837

309,139,504

04.00
04.01
04.02
05.00
06.00

907,161,176
871,256,479
35,904,697
410,000,000
645,771,571
640,478,600
5,292,971
5,018,350,550
5,006,494,973
11,855,577
767,637,716
5,785,988,266
37,186,676
216,674,321
8,520,801,228

762,086,503
707,986,782
54,099,721
360,000,000
508,375,581
504,749,500
3,626,081
4,205,522,665
4,191,386,707
14,135,958
804,832,317
5,010,354,982
37,730,040
205,429,061
7,318,391,395

6,786,866,290
798,680,849
639,132,568
3,568,352,651
573,108,556
513,163,612
90,383,257
420,000,000
184,044,799
84,802,265
629,136,805
7,500,805,360

5,682,937,214
601,927,176
574,598,959
3,067,812,879
413,697,365
379,613,223
98,928,342
450,000,000
96,359,270
106,875,766
523,729,152
6,313,542,132

920,000,000
39,000,000
54,250,000
35,453,035
3,848,512
11,836,557
(44,392,236)

920,000,000
39,000,000
54,250,000
52,710,277
3,848,512
(64,959,526)

1,019,995,868
8,520,801,228

1,004,849,263
7,318,391,395

7.00
07.01
07.02
07.14
8.00
9.00
10.00

11.00
12.00

12.01
12.03
12.04
12.05
13.00

14.02

15.00
16.00
17.00

Bangladesh Commerce Bank Limited

OFF-BALANCE SHEET AS AT 31 DECEMBER 2008

Notes
CONTINGENT LIABILITIES
Contra entries (BCI)
Letter of Guarentees
Letter of Credit
Bills for Collection
Other contingent liability
Case against the bank which not acknowledged by the bank
TOTAL CONTINGENT LIABILITIES

2008
Taka

18.00
18.01
18.02

2007
Taka

13,231,321
398,937,233
397,086,762
4,096,328
71,530,301
471,081,000
1,355,962,945

18.03

13,231,321
199,322,657
601,926,411
9,956,293
71,530,301
404,400,000
1,300,366,983

OTHER COMMITMENTS
Documentar y Credits and shor t term trade
related transactions
Forward assets pur chased and for ward
deposits placed
Undrawn note issuance and r evolving
underwriting facilities
Undrawn formal standby facilities, cr edit lines and
other commitments
Total
TOTAL OFF-BALANCE SHEET ITEMS

1,355,962,945

1,300,366,983

These Financial Statements should be r ead in conjunction with the annexed notes

Chairman

Dir ector

Director

Managing Dir ector

Auditors' Report to the Shar eholders

See annexed r eport of date

Dated: Dhaka June 18, 2009

Hoda Vasi Chowdhur y & Co

Chartered Accountants

Bangladesh Commerce Bank Limited

PROFIT AND LOSS ACCOUNT S FOR THE YEAR ENDED 31 DECEMBER 2008

OPERATING INCOME
Interest Income
Less: Interest Paid on Deposits and Bor rowings
Net Interest Income
Income from Investments
Commission, Exchange Ear nings & Brokerage
Other Operating Income

Notes

2008
Taka

2007
Taka

19.00
20.00

634,800,634
523,104,891
111,695,743
48,528,881
37,088,348
17,611,529
103,228,758
214,924,501

510,962,381
438,607,424
72,354,957
25,732,318
29,240,996
8,897,202
63,870,516
136,225,473

123,167,369
20,576,907
527,404
3,102,508
5,198,909
1,537,400
755,326
653,510
10,204,458
19,494,883
185,218,674
29,705,827
29,705,827
3,197,372
26,508,455

118,213,319
16,343,561
148,260
3,536,508
3,945,369
1,314,457
602,248
1,644,710
7,726,421
12,050,963
165,525,816
(29,300,343)
(29,300,343)
(29,300,343)

5,941,165
5,941,165
20,567,290
2.88

(29,300,343)
(3.18)

21.00
22.00
23.00

TOTAL OPERATING INCOME (A)

OPERATING EXPENSES
Salaries and Allowances
Rents, Taxes, Insurances, Lighting etc.
Legal Expenses
Postage, Stamp, T elecommunication etc.
Stationery, Printing, Advertiesment etc.
Managing Dir ector's salary and allowances
Director's Fee
Audit & Evaluation F ee
Depreciation & Repair to Fixed Assets
Other Expenses
Total Operating Expenses (B)
Profit/(Loss) before Provision (C)=A-B
Provision for Loans & Advances
Other Provisions
TOTAL PROVISION (D)
TOTAL PROFIT/(LOSS) BEFORE TAX (C-D)
PROVISION FOR TAX
NET PROFIT/(LOSS) AFTER TAX
APPROPRITATIONS
Statutory Reserve
General Reserve
Dividends etc.

24.00
25.00
26.00
27.00
28.00

29.00
30.00

15.00

Retained Earnings/(Loss) carried forward

Earning per Share(EPS)

32.00

These Financial Statements should be r ead in conjunction with the annexed notes

Chairman

Dir ector

Director

Managing Dir ector

Auditors' Report to the Shar eholders

See annexed r eport of date
Dated: Dhaka June 18, 2009

Hoda Vasi Chowdhur y & Co

Chartered Accountants

Bangladesh Commerce Bank Limited

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2008

PARTICULARS

Notes

2008
Taka

CASH FLOW FROM OPERATING ACTIVITIES

Interest & Commission Received
Interest Payment
Dividend Received
Salary & Allowances Payments
Recoveries of Loans Pr eviously Written Off
Payment to Supplier s
Income Tax paid
Receipts from other Operating Activities
Payment for other Operating Activities
Operating Profit Before Changes in cur rent Assets & Liabilities
Increase/Decrease in operating Assets and Liabilities
(Increase)/Decrease in Statutor y Deposits
Purchase/Sale of T rading Securities
(Increase)/Decrease in Loan & Advances to Other Banks
(Increase)/Decrease in Loan & Advances to Clients
(Increase)/Decrease in Other Assets
Increase/(Decrease) in Deposits fr om Other Banks
Increase/(Decrease) in Deposits fr om Clients
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 Secur ities
Increase/(Decrease) in Cash due to Sale and Pur chase of Assets
(Purchase)/Sale of Property plant and equipment
(Purchase)/Sale of Subsidiar y
Net Cash used in Investing Activities (B)
CASH FLOW FROM FINANCIAL ACTIVITIES
Receipts from issue of or dinary Shares/(Redemption of Shar e 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

2007
Taka

671,888,982
(523,104,891)
175,214
(124,704,769)
(30,629,035)
(8,310,166)
65,965,196
(21,431,123)
29,849,408
327,139,629
(66,996,000)
(775,633,284)
(17,494,316)
(30,000,000)
1,133,929,076
83,334,152
356,989,037

540,203,377
(438,607,424)
158,707
(119,527,776)
(25,572,765)
(10,523,104)
34,470,813
(14,446,181)
(33,844,353)
904,267,872
(15,750,618)
(340,595,675)
231,002,036
100,000,000
923,705,592
5,906,537
870,423,519

(1,666,890)
(7,910,383)
(9,577,273)

(19,539,211)
(19,539,211)

347,411,763
66,996,000
2,061,251,231
2,475,658,994

31.00

850,884,308
15,750,618
1,194,616,305
2,061,251,231
-

These Financial Statements should be r ead in conjunction with the annexed notes
(0.34)

Chairman

Dir ector

Director

Managing Dir ector

Auditors' Report to the Shar eholders

See annexed r eport of date
Dated: Dhaka June 18, 2009

Hoda Vasi Chowdhur y & Co

Chartered Accountants