Condensed Statement of Profit or Loss · 2020-04-27 · Condensed Statement of Profit or Loss For...
1
ASSETS This Quarter Ending Immediate Previous Year Ending Cash and cash equivalent 2,497,440,119 3,297,172,157 Due from Nepal Rastra Bank 399,804,760 413,300,037 Placement with Bank and Financial Institutions Derivative financial instruments Other trading assets - Loans and advances to B/FIs 683,643,217 541,530,000 Loans and advances to customers 9,075,065,821 8,145,519,449 Investment securities 1,622,490,834 1,060,450,853 Current tax assets - - Investment in subsidiaries - - Investment in associates - - Investment property 2,863,557 14,076,225 Property Plant and Equipment 265,000,040 257,344,810 Goodwill and Intangible assets 3,181,694 3,674,467 Deferred tax assets 12,543,151 12,543,151 Other assets 290,872,154 66,397,407 TOTAL ASSETS 14,852,905,347 13,812,008,556 LIABILITIES This Quarter Ending Immediate Previous Year Ending Due to Bank and Financial Institutions 1,390,000,000 1,450,000,000 Due to Nepal Rastra Bank 2,367,090 2,497,514 Derivative financial instruments Deposits from customers 11,624,423,922 10,932,871,501 Borrowing Current Tax Liabilities 46,015,796 6,265,597 Provisions Deferred tax liabilities Other liabilities 272,839,025 140,131,810 Debt securities issued Subordinated Liabilities 200,000,000 TOTAL LIABILITIES 13,535,645,833 12,531,766,422 EQUITY Share Capital 926,502,000 882,172,400 Share premium - - Retained Earnings 117,767,820 125,080,041 Reserves 272,989,693 272,989,693 TOTAL EQUITY ATTRIBUTABLE TO EQUITY HOLDERS 1,317,259,513 1,280,242,134 NON-CONTROLLING INTEREST - - TOTAL EQUITY 1,317,259,513 1,280,242,134 TOTAL LIABILITIES & EQUITY 14,852,905,347 13,812,008,556 Net assets value per share 142.18 145.12 Condensed Statement of Profit or Loss For the Quarter Ended Chaitra 2076 Particulars Current Year Previous Year This Quarter Up to This Quarter (YTD) This Quarter Up to This Quarter (YTD) Interest income 376,677,591 1,135,438,380 322,912,621 921,289,560 Interest expense 271,619,422 808,254,855 237,035,854 654,289,304 Net interest income 105,058,169 327,183,525 85,876,767 267,000,257 Fee and commission income 22,035,345 63,481,701 30,162,446 64,443,522 Fee and commission expense - - - - Net fee and commission income 22,035,345 63,481,701 30,162,446 64,443,522 Net interest, fee and commission income 127,093,514 390,665,226 116,039,213 331,443,779 Net trading income/(expenses) - - - - Other operating income 4,585,571 11,885,871 7,478,264 22,363,110 Total operating income 131,679,085 402,551,097 123,517,477 353,806,889 Impairment charge/(reversal) for loans and other losses 27,250,557 56,699,120 18,584,334 30,866,390 Net operating income 104,428,528 345,851,977 104,933,143 322,940,499 Operating expense Personnel expenses 34,394,545 103,133,668 27,057,782 98,115,396 Other operating expenses 29,283,693 77,696,179 20,170,896 58,897,477 Depreciation & Amortization 4,465,413 12,026,611 32,67,912.13 9,591,713 Operating Profit 36,284,879 152,995,520 54,436,552 156,335,912 Non operating income 390,467 - 202,322 Non operating expense - - Profit before income tax 36,284,879 153,385,988 54,436,552 156,538,234 Income tax expense Current Tax expenses 10,885,464 46,015,796 16,330,966 46,961,470 Deferred Tax Expenses/(Income) - - Profit for the period 25,399,415 107,370,191 38,105,586 109,576,764 Profit attributable to: Equity holders of the Bank 25,399,415 107,370,191 38,105,586 109,576,764 Non-controlling interest - - - Profit for the period 25,399,415 107,370,191 38,105,586 109,576,764 Other Comprehensive income - - - - Total Comprehensive income 25,399,415 107,370,191 38,105,586 109,576,764 Basic earnings per share 15.45 16.56 Diluted earnings per share 15.45 16.56 Profit attributable to: Equity holders of the bank 25,399,415 107,370,191 38,105,586 109,576,764 Non-controlling interest Total 25,399,415 107,370,191 38,105,586 109,576,764 Ratios as per NRB Directive Particulars Current year Previous year This quarter Upto this quarter (YTD) This quarter Upto this quarter (YTD) Capital fund to RWA 14.44% 12.81% Non-performing loan (NPL) to total loan 0.65% 0.38% Total loan loss provision to Total NPL 248.06% 346.26% Cost of Funds 9.29% 9.15% Credit to Deposit Ratio 73.97% 72.92% Base Rate 10.90% 11.25% Interst Rate Spread 4.90% 4.60% Securities Registration and Issue Regulation, 2073 Related to (Rule 26(1), Annexure 14), for the Third Quarter of F.Y. 2076/77) 1. Financial Statements as per un-audited figures of 2076.12.30 i. Financial details as at the end of Third Quarter (2076.12.30) of FY 2076/77 has been published along with this disclosure. ii. Major Financial Indicators Earnings per share NPR. 15.45 Market Value Per Share NPR 169 Price Earnings Ratio 10.94 Net Worth Per Share NPR 142 Total Assets/No. of Share 1603 Liquidity Ratio 25.81 2. Management Analysis a) Details relating to the change in the FI’s reserve, income and liquidity in the quarter (if any) and its main reason. FI’s reserve and liquidity position remained strong throughout the quarter. b) Management’s analytical details regarding future business plan: FI’s seeks to achieve sustainable growth in business and profitability as per its strategic management plan. c) Analytical details of the incidents that may have major impact on reserve, profit or cash flow (if any) based on previous experience: No specific incident occurred during the period that could have impact on reserve, profit or cash flow. 3. Legal Proceedings a) Case filed by or against the FI in this quarter. Except in the regular course of business, there are no law suit filed against the FI in this quarter. b) Case relating to disobedience of prevailing law or commission of criminal offence filed by or against the promoter or Director of the FI: No such information has been received. c) Case relating to commission of financial crime filed against any promoter or Director of the FI: No such information has been received. 4. Analysis of Stock Performance of the FI a) Management view on the transaction of the shares to the FI in the Share Market: Transactions of the shares and share price are determined by open market at Nepal Stock Exchange Ltd. b) Maximum, minimum and last share price, total transaction days and total transacted number of shares in the quarter (as per nepalstock.com) Maximum share price NPR 217 Minimum share price NPR 164 Closing share price NPR 169 Total no. of transactions 255 No. of days of transaction 46 Total traded no. of share 632,702 5. Problem and Challenges Internal 1) Increasing cost of operation 2) Recruitment and retention of quality manpower. 3) To maintain the level of interest spread. External 1. Competitivebanking business. 2. Slow-down in remittance growth. 3. Lack of favorable environment for the investment. Strategy to overcome the problems and challenges 1. Development and introduction of customer-oriented products/services. 2. Strong risk management approach and portfolio diversification. 3. Identification of new business opportunities. 4. Focus on development of staffs by training, counseling and monitoring them. 6. Corporate Governance The FI’s has been complying with the directives, guidelines issued by Nepal Rastra Bank regarding corporate governance. To ensure that the prevalent laws and rules are followed, the FI has developed policies and working procedures. Clear authorities has been developed to guide the function of management, to ensure same complies with the corporate governance requirement. The board of directors, audit committee, risk management committee, recruitment committee and management committee are committed to strengthen good corporate governance within the FI. 7. Declaration I hereby declare that all the information provided in this document is true, complete and factual and that I take personal responsibility to any deviation thereof. I also declare that the FI’s information or data that assists investors make their investment decisions have not been concealed in any way.
Transcript of Condensed Statement of Profit or Loss · 2020-04-27 · Condensed Statement of Profit or Loss For...
ASSETS This Quarter Ending
Immediate Previous Year Ending
Cash and cash equivalent 2,497,440,119 3,297,172,157 Due from Nepal Rastra Bank 399,804,760 413,300,037 Placement with Bank and Financial InstitutionsDerivative financial instrumentsOther trading assets - Loans and advances to B/FIs 683,643,217 541,530,000 Loans and advances to customers 9,075,065,821 8,145,519,449 Investment securities 1,622,490,834 1,060,450,853 Current tax assets - - Investment in subsidiaries - - Investment in associates - - Investment property 2,863,557 14,076,225 Property Plant and Equipment 265,000,040 257,344,810 Goodwill and Intangible assets 3,181,694 3,674,467 Deferred tax assets 12,543,151 12,543,151 Other assets 290,872,154 66,397,407 TOTAL ASSETS 14,852,905,347 13,812,008,556
LIABILITIES This Quarter Ending
Immediate Previous Year Ending
Due to Bank and Financial Institutions 1,390,000,000 1,450,000,000 Due to Nepal Rastra Bank 2,367,090 2,497,514 Derivative financial instrumentsDeposits from customers 11,624,423,922 10,932,871,501 BorrowingCurrent Tax Liabilities 46,015,796 6,265,597 ProvisionsDeferred tax liabilitiesOther liabilities 272,839,025 140,131,810 Debt securities issuedSubordinated Liabilities 200,000,000 TOTAL LIABILITIES 13,535,645,833 12,531,766,422 EQUITY Share Capital 926,502,000 882,172,400 Share premium - - Retained Earnings 117,767,820 125,080,041 Reserves 272,989,693 272,989,693 TOTAL EQUITY ATTRIBUTABLE TO EQUITY HOLDERS 1,317,259,513 1,280,242,134
NON-CONTROLLING INTEREST - - TOTAL EQUITY 1,317,259,513 1,280,242,134 TOTAL LIABILITIES & EQUITY 14,852,905,347 13,812,008,556 Net assets value per share 142.18 145.12
Condensed Statement of Profit or LossFor the Quarter Ended Chaitra 2076
Particulars
Current Year Previous Year
This Quarter Up to This
Quarter (YTD)
This Quarter
Up to This Quarter (YTD)
Interest income 376,677,591 1,135,438,380 322,912,621 921,289,560 Interest expense 271,619,422 808,254,855 237,035,854 654,289,304 Net interest income 105,058,169 327,183,525 85,876,767 267,000,257 Fee and commission income 22,035,345 63,481,701 30,162,446 64,443,522 Fee and commission expense - - - - Net fee and commission income 22,035,345 63,481,701 30,162,446 64,443,522 Net interest, fee and commission income 127,093,514 390,665,226 116,039,213 331,443,779 Net trading income/(expenses) - - - - Other operating income 4,585,571 11,885,871 7,478,264 22,363,110 Total operating income 131,679,085 402,551,097 123,517,477 353,806,889 Impairment charge/(reversal) for loans and other losses 27,250,557 56,699,120 18,584,334 30,866,390 Net operating income 104,428,528 345,851,977 104,933,143 322,940,499 Operating expense Personnel expenses 34,394,545 103,133,668 27,057,782 98,115,396 Other operating expenses 29,283,693 77,696,179 20,170,896 58,897,477 Depreciation & Amortization 4,465,413 12,026,611 32,67,912.13 9,591,713 Operating Profit 36,284,879 152,995,520 54,436,552 156,335,912 Non operating income 390,467 - 202,322 Non operating expense - - Profit before income tax 36,284,879 153,385,988 54,436,552 156,538,234 Income tax expense Current Tax expenses 10,885,464 46,015,796 16,330,966 46,961,470 Deferred Tax Expenses/(Income) - - Profit for the period 25,399,415 107,370,191 38,105,586 109,576,764 Profit attributable to: Equity holders of the Bank 25,399,415 107,370,191 38,105,586 109,576,764 Non-controlling interest - - - Profit for the period 25,399,415 107,370,191 38,105,586 109,576,764 Other Comprehensive income - - - - Total Comprehensive income 25,399,415 107,370,191 38,105,586 109,576,764 Basic earnings per share 15.45 16.56Diluted earnings per share 15.45 16.56 Profit attributable to: Equity holders of the bank 25,399,415 107,370,191 38,105,586 109,576,764 Non-controlling interest Total 25,399,415 107,370,191 38,105,586 109,576,764
Ratios as per NRB Directive
Particulars
Current year Previous year
This quarter
Upto this quarter (YTD)
This quarter
Upto this quarter (YTD)
Capital fund to RWA 14.44% 12.81%
Non-performing loan (NPL) to total loan 0.65% 0.38%
Total loan loss provision to Total NPL 248.06% 346.26%Cost of Funds 9.29% 9.15%Credit to Deposit Ratio 73.97% 72.92%Base Rate 10.90% 11.25%Interst Rate Spread 4.90% 4.60%
Securities Registration and Issue Regulation, 2073Related to (Rule 26(1), Annexure 14), for the Third Quarter of F.Y. 2076/77)
1. Financial Statements as per un-audited figures of 2076.12.30i. Financial details as at the end of Third Quarter (2076.12.30) of FY 2076/77 has been published
along with this disclosure.ii. Major Financial Indicators
Earnings per share NPR. 15.45 Market Value Per Share NPR 169Price Earnings Ratio 10.94 Net Worth Per Share NPR 142
Total Assets/No. of Share 1603 Liquidity Ratio 25.812. Management Analysis
a) Details relating to the change in the FI’s reserve, income and liquidity in the quarter (if any) and its main reason.
FI’s reserve and liquidity position remained strong throughout the quarter.b) Management’s analytical details regarding future business plan: FI’s seeks to achieve sustainable growth in business and profitability as per its strategic
management plan.c) Analytical details of the incidents that may have major impact on reserve, profit or cash
flow (if any) based on previous experience: No specific incident occurred during the period that could have impact on reserve, profit or
cash flow.3. Legal Proceedings
a) Case filed by or against the FI in this quarter. Except in the regular course of business, there are no law suit filed against the FI in this
quarter.b) Case relating to disobedience of prevailing law or commission of criminal offence filed
by or against the promoter or Director of the FI: No such information has been received.c) Case relating to commission of financial crime filed against any promoter or Director
of the FI: No such information has been received.
4. Analysis of Stock Performance of the FIa) Management view on the transaction of the shares to the FI in the Share Market:
Transactions of the shares and share price are determined by open market at Nepal Stock Exchange Ltd.
b) Maximum, minimum and last share price, total transaction days and total transacted number of shares in the quarter (as per nepalstock.com)
Maximum share price NPR 217 Minimum share price NPR 164Closing share price NPR 169 Total no. of transactions 255
No. of days of transaction 46 Total traded no. of share 632,7025. Problem and Challenges
Internal1) Increasing cost of operation 2) Recruitment and retention of quality manpower.3) To maintain the level of interest spread.External1. Competitivebanking business.2. Slow-down in remittance growth.3. Lack of favorable environment for the investment.Strategy to overcome the problems and challenges 1. Development and introduction of customer-oriented products/services.2. Strong risk management approach and portfolio diversification.3. Identification of new business opportunities.4. Focus on development of staffs by training, counseling and monitoring them.
6. Corporate Governance The FI’s has been complying with the directives, guidelines issued by Nepal Rastra Bank
regarding corporate governance. To ensure that the prevalent laws and rules are followed, the FI has developed policies and working procedures. Clear authorities has been developed to guide the function of management, to ensure same complies with the corporate governance requirement. The board of directors, audit committee, risk management committee, recruitment committee and management committee are committed to strengthen good corporate governance within the FI.
7. Declaration I hereby declare that all the information provided in this document is true, complete and factual and
that I take personal responsibility to any deviation thereof. I also declare that the FI’s information or data that assists investors make their investment decisions have not been concealed in any way.
