|
PROFIT
& LOSS ACCOUNT FOR THE YEAR ENDED 31st DECEMBER
1998
| PARTICULARS |
31st
DEC., 1998
|
31st DEC., 1997
|
| |
Nu. ch
|
Nu. ch
|
| |
|
|
| Interest on loans |
104,971,385.17
|
95,659,222.66
|
| Interest on bills
& cheques |
173,683.93
|
48,712.26
|
| Interest on deposits
with other banks |
10,721,665.67
|
3,835,165.21
|
| Interest on RMA
bills & CRR |
5,129,359.14
|
4,274,677.74
|
| Interest
Income |
120,996,093.91
|
103,817,779.87
|
| |
|
|
| Interest on saving
deposits |
5,444,263.90
|
2,390,819.24
|
| Interest on fixed
deposits |
43,977,399.76
|
33,768,277,89
|
| Interest on recurring
deposits |
604,183.00
|
435,008.30
|
| Interest on fixed
term units |
10,815,383.84
|
14,499,925.31
|
| Interest on personal
funds |
176,247.29
|
849,040.43
|
| Interest on loan
from RMA |
0.00
|
385,274.00
|
| Interest on unit
shares |
0.00
|
4,468,438.73
|
| Interest Expenses |
61,017,477.79
|
59,796,783.90
|
| |
|
|
| Interest Differential |
59,978,616.12
|
47,020,995.97
|
| |
|
|
| Exchange, commissions
and recoveries |
4,864,998.36
|
1,476,647.98
|
| Dividends |
5,151,790.00
|
1,905,480.00
|
| Forex gains |
10,988,033.08
|
5,558,726.00
|
| Service
charges |
0.00
|
824,279.82
|
| Revenue grants
from Asian Development Bank |
0.00
|
2,185,950.84
|
| Surpluses on disposal
of assets |
5,871,42
|
325,687.40
|
| Rents & other
receipts |
621,755.03
|
365,252.95
|
| Other Income |
21,632,447.89
|
12,642,024.99
|
| |
|
|
| Gross Operating
Income |
81,611,064.01
|
59,642,024.99
|
| |
|
|
| Employment costs |
16,232,988.00
|
13,932,368.45
|
| Establishment
overheads |
2,464,197.72
|
2,974,504.20
|
| Communication
costs |
1,786,114.00
|
1,304,945.89
|
| Travelling expenses |
1,140,055.51
|
588,908.02
|
| Vehicles expenses |
557,498.40
|
384,282.42
|
| Computerisation |
1,556,540.05
|
1,746,329.15
|
| Advertisements
& publicity |
456,384.00
|
455,125.80
|
| Entertainments |
100,431.60
|
218,027.37
|
| Gifts |
122,955.00
|
171,841.00
|
| Donations |
90,000.00
|
342,000.00
|
| HRD costs |
469,192.60
|
1,780,855.87
|
| Audit fees &
expenses |
120,000.00
|
120,000.00
|
| Legal expenses
|
34,889.00
|
22,368.00
|
| Board meetings
expenses |
94,798.40
|
83,630.60
|
| Other banks charges |
343,176.88
|
302,207.88
|
| Miscellaneous
expenses |
439,640.73
|
448,785.68
|
| Depreciation |
2,580,588.47
|
2,246,838.99
|
| Bank promotion
expenses |
1,645,544.65
|
1,795,538.88
|
| Operating Expenses |
30,235,005.02
|
28,918,558.20
|
| |
|
|
Net Operating
Income
(carried forward) |
51,376,058.99
|
30,744,462.76
|
| |
|
|
|
|
