BRAC Bank Limited and it’s subsidiaries
Consolidated Balance Sheet
As at 31 December 2018
Particulars
Note
PROPERTY AND ASSETS
Cash
Cash in hand (Including foreign currency)
Balance with Bangladesh Bank and its agent bank(s)
(Including foreign currency)
2018
Taka
2017
Taka
3
22,394,474,142
6,674,699,654
15,719,774,488
18,301,854,032
6,109,792,050
12,192,061,982
4
44,651,943,921
41,918,719,170
2,733,224,751
43,355,772,365
39,974,980,085
3,380,792,280
Investments
Government
Others
6
35,133,273,327
27,925,905,144
7,207,368,183
26,889,161,707
19,193,023,616
7,696,138,091
Loans and advances
Loans, cash credit, overdrafts etc.
Small and medium enterprises
Bills purchased & discounted
7
238,400,399,660
139,883,617,667
80,422,409,963
18,094,372,030
203,431,019,401
116,620,559,298
81,064,166,152
5,746,293,951
Fixed assets including premises, furniture and fixtures
Other assets
Non-banking assets
8
9
10
6,265,160,203
9,665,434,144
66,471,775
5,610,423,547
9,314,360,181
63,430,075
Goodwill
11
1,427,468,911
1,350,628,757
358,004,626,083
308,316,650,065
22,958,478,616
8,344,796,525
255,073,828,613
80,225,826,007
1,528,433,733
38,320,761,103
133,388,177,229
1,610,630,541
23,210,933,175
5,595,585,766
2,850,148,000
2,700,000,000
216,929,919,763
83,474,319,154
1,013,749,416
35,100,923,580
95,556,881,123
1,784,046,490
Balance with other banks and financial institutions
Inside Bangladesh
Outside Bangladesh
Money at call on short notice
Total property and assets
LIABILITIES AND CAPITAL
Liabilities
Borrowings from other banks, financial institutions and agents
Borrowings from Bangladesh Bank
Convertible subordinated bonds
Money at call on short notice
Deposits and other accounts
Current accounts and other accounts
Bills payable
Savings deposits
Fixed deposits
Other deposits
Other liabilities
12
13
14
15
16
17
Total liabilities
Capital and shareholders' equity
Paid up capital
Share premium
Statutory reserve
Dividend equalization fund
Revaluation reserve on govt. securities
Assets revaluation reserve
Fair value reserve
Translation reserve
Surplus in profit and loss account/Retained earnings
Total shareholders' equity
Non controlling interest
Total equity
Off Balance Sheet Items
2018 A N N U A L R E P O R T
22.1
22.2
Total liabilities and equity
382
18.2
18.7
19
20
21.1
21.2
B R A C B A N K .CO M
29,927,337,027
28,600,220,470
316,304,440,781
279,886,807,174
10,725,002,850
3,853,767,032
6,428,088,086
355,218,455
5,593,264
478,558,600
78,920,073
(17,674,822)
13,342,589,185
35,250,062,723
8,552,096,940
3,738,490,072
4,813,606,868
355,218,455
23,306,557
516,373,535
(5,825,691)
8,606,876,878
26,600,143,614
6,450,122,579
41,700,185,302
1,829,699,277
28,429,842,891
358,004,626,083
308,316,650,065
BRAC Bank Limited and it’s subsidiaries
Consolidated Profit and Loss Account
For the year ended 31 December 2018
Particulars
Note
2018
Taka
2017
Taka
Interest income
25
27,463,966,939
21,734,412,978
Interest paid on deposits and borrowing etc.
26
11,660,482,140
8,200,931,514
15,803,484,799
13,533,481,464
Net interest income
Investment income
27
2,782,984,186
2,914,699,537
Commission, exchange and brokerage
28
7,226,644,875
6,881,929,480
Other operating income
29
194,608,406
371,289,964
26,007,722,266
23,701,400,445
Total operating income (a)
Salaries and allowances
30
6,436,945,569
5,865,172,038
Rent, taxes, insurance, electricity etc.
31
1,532,970,820
1,424,790,306
76,193,857
45,674,049
Legal expenses
Postage, stamps, telecommunication etc.
32
321,719,919
300,037,460
Stationery, printing, advertisement etc.
33
2,169,679,696
1,392,850,352
Chief executive's salary and fees
34
13,971,499
13,309,000
Directors' fees and expenses
35
3,009,464
3,311,536
Auditors' fee
36
6,305,738
5,251,088
Depreciation and repairs to bank's assets
37
2,026,717,532
1,525,706,898
Other expenses
38
4,026,750,022
3,702,838,829
16,614,264,116
14,278,941,556
9,393,458,150
9,422,458,889
1,915,700
14,332,840
-
(18,366)
9,395,373,850
9,436,773,363
Loans and advances
683,745,138
992,782,725
Diminution in value of investments
116,400,000
(72,224,112)
Off balance sheet items
(37,000,000)
131,315,329
Other provisions
(10,762,161)
100,490,994
752,382,977
1,152,364,936
8,642,990,873
8,284,408,427
2,994,171,667
3,570,883,968
(21,249,563)
(784,891,580)
2,972,922,104
2,785,992,388
5,670,068,769
5,498,416,039
Total operating expenses (b)
Operating profit (c = a-b)
Share of profit/(loss) of associates
Gain/(loss) on disposal/loss of control of subsidiaries
39
1.2.5
Profit/(loss) before provisions (d)
Provision for loans/Investments:
Total provision (e)
40
Total Profit/(loss) before taxes (f= d-e)
Provision for Taxation:
Current tax expense
Deferred tax expense / (income)
Total provision for Taxation (g)
Net profit/(loss) after taxation (f-g)
384
2018 A N N U A L R E P O R T
B R A C B A N K .CO M
41
BRAC Bank Limited and it’s subsidiaries
Consolidated Cash Flow Statement
For the year ended 31 December 2018
Particulars
Note
A. Cash flows from operating activities
Interest receipts
Interest payment
Dividend receipts
Fees and commission receipts
Recoveries on loans previously written off
Cash payments to employees
Cash payments to suppliers
Income tax paid
Receipts from other operating activities
Payment for other operating activities
2017
Taka
Taka
28,506,784,368
(9,444,568,536)
130,303,495
9,734,938,068
783,059,719
(6,442,614,761)
(4,474,810,215)
(6,237,375,921)
1,274,506,265
(4,741,384,440)
23,845,509,932
(7,843,426,431)
125,764,206
6,959,743,854
1,039,185,296
(5,781,431,137)
(2,502,587,138)
(2,525,997,559)
1,890,333,780
(4,744,293,106)
9,088,838,042
10,462,801,697
(35,188,943,781)
(519,357,959)
2,253,364,069
36,223,010,234
(1,382,610,506)
1,385,462,057
10,474,300,099
(28,265,949,664)
(1,490,251,550)
1,738,848,780
34,750,597,331
4,178,314,409
10,911,559,306
21,374,361,003
B. Cash flows from investing activities
Treasury bills
Bangladesh Bank Bills
Treasury bonds
Sale/ (Investment) in shares
Investment in Bonds
Redemption of BBL Bond
Acquisition of fixed assets
Disposal of Fixed Assets
Net cash flows from/(used in) investing activities (b)
(12,328,600,474)
2,497,936,800
1,096,934,546
(591,052,996)
927,000,000
(2,706,965,700)
(1,472,629,813)
62,349,104
(12,515,028,533)
(1,137,623,369)
(2,497,936,800)
1,399,779,844
(1,674,766,424)
(67,000,000)
(2,083,299,438)
83,940,294
(5,976,905,893)
C. Cash flows from financing activities
Proceeds from issue of convertible preference shares
Share Premium
Cash Dividend paid
Net cash flows from/(used in) financing activities ( c)
7,444,202,254
(347,296)
7,443,854,958
4,614,731
(696,157,876)
(691,543,145)
44
45
Operating profit before changes in operating assets and liabilities (i)
Increase/decrease in operating assets and liabilities
Loans and advances
Other assets
Deposits from other banks/borrowings
Deposits from customers
Other liabilities
Cash utilized in operating assets and liabilities (ii)
Net cash flows from/(used in) operating activities (i+ii) (a)
Net increase/(decrease) in cash (a+b+c)
Cash and cash equivalents at the beginning of the year
Effect of Exchange rate changes on cash and cash equivalent
Adjustment for disposal of biTS
Cash and cash equivalents at the end of the year
Cash and cash equivalents at end of the year:
Cash in hand (including foreign currency)
Balance with Bangladesh Bank and its agents bank(s)
(including foreign currency)
Balance with other banks and financial institutions
Prize Bond
The annexed notes 1 to 48 form an integral part of these financial statements.
388
2018
2018 A N N U A L R E P O R T
B R A C B A N K .CO M
43
5,403,126,524
14,705,911,965
61,659,571,597
(15,182,458)
67,047,515,663
46,977,708,909
28,633,697
(52,682,974)
61,659,571,597
6,674,699,654
15,719,774,488
6,109,792,050
12,192,061,982
44,651,943,921
1,097,600
67,047,515,663
43,355,772,365
1,945,200
61,659,571,597