,
Export Import Bank of Bangladesh LimitedShariah Based Islami Bank
Consolidated Financial Statements (Provisional & un-audited)
as at 30 September 2020
EXPORT IMPORT BANK OF BANCLADESH LIMITEDConsolidated Balance Sheet (Provisional & un'audited)
as at 30 September 2020
September 2020
PROPERTY & ASSETSCashIn hand (including foreign currencies)Balance with Bangladesh Bank and its Agent Banks (includingforeign currencies)
Balance with other banks and financial institutionsln BangladeshOurside Bangladesh
Placement with other banks & financial institutions
Invcstmcnts in shares and securitiesGovernmentOthers
InvestmentsGeneral investmen!s etc.
Bills purchased and discounted
Fixed assets including premisesOther assetsNon-banking assetsTotal property and assets
LIABILITIES & CAPITAL
LiabilitiesPlacement from other banks & financial institutions
Deoosits and other accountsMudaraba savings depositsMudaraba term depositsOther Mudaraba DepositsAl wadeeah current and other deposit accountsBills payable
Mudaraba Subordinated Bond
Other liabilitiesTotal liabilities
Capital/shareholders' equityPaid up capitdStatutory reserveOther reservesForeign currency translation adiustmentRetained earningsEICM Bank Shareholders' EquityNon-controllin g InterestTotal shareholders' equityTotal liabilities and shareholders' equity
Off balance sheet itemsContinBent liabilities:Acceptance and endorsementsLetters of guaranteeIrrevocable letters of credit (including Back to Back Bills)Bills for collectionOther contingent liabilitiesTotal contingent liabilitiesOther commitmentsTotal off balance sheet items including continS€nt liabilities
t+_Urr -Company Secretary
4,015,577,468 4,J18,011,
Taka
2,232,620,371
24,024,055,387
316,611,337
3,698,966,131
375,575,977,620
11,765,479,521
387,341,057,141
5,580,9s1,876
I,Jt6,841,953
26,256,675,758 i2,176,596,879
2,237,804,903
29,938,79t,976
27,514,051,038
15,088,004,5 1 I42,602,055,549
344,557
5,650,429,988
3,713,242,464
158 2tr2f21j90
25,168,767,521 16,885,353,506
30,053,849,7 10
168,059,03s,658
135,8r9,7s3,157
36,421,393,565
3,104,990,999
373,459,023,499
10,200,000,000
19,611,202,615
26,184,704,789
t7 4,17 4,422,538
124,282,835,679
28,720,860,400
2.326,333,829
355,689,757,2i5
1 1,500,000,000
79,755$30,922
428,438,993,335 401,830,041,553
102,100
29,800,728,065
187,842,90010 1,857
29,187,944,757
458,239,72f.r!99 433,01 7.986.424
49 ,467 ,093,8406,901,750,161
26,468,690,444
6,068,469,655
88,906,004,1 00
75,719,844,457
December 2019
t2,t6l6
166
t7
330,123,675,161
14,
1 1,148,842,440
2,130,546,666
14,122,5 10,680
rc,745,987,6162,130,546,666
(2,s03,s73)
7,826,612,589
27 ,169,t34,8575,146,80 1,885
Directo/
Director & CFO 6. CEO
-l)].A171235r'-!.-
88,906.004.100
1
EXPORT IMPORT BANK OF BANGLADESH LIMITEDConsolidated Profit and Loss Account (Provisional & un-audited)
for the period ended 30 September 2020
Particulars
Investment incomeProfit paid on deposits, borrowings, etc.Net investment incomeIncome from investment in shares/securities
Commission, exchange and brokerageGain on sale of investment in sharesOther operating incomeTotal operating income (A)
Operating expensesSalaries and allowancesRent, taxes, insurance, electricity etc.Legal expenses
Postage, stamp, telegram, telephone etc.Auditors feesStationery, printing, adveftisement, etc.Chief Executive's salary and feesDirectors' fees and expensesShariah Supervisory Committee's Fees & ExpensesCharges on Investment LossesDepreciation on and repairs to Bank's propeftyZakat expensesOther expensesTotal operating expenses (B)Profit before provisions (C=A-B)Provision for investments and Of{-Balance Sheet Exposures
Provision for diminution in vaiue of sharesTotal Provision (D)Profit/(loss) before taxes (C-D)Provision for taxation:Current taxDeferred tax expense/(benefit)
Profit/(loss) after taxRetained earnings brought forwardProfit available for appropriationAppropriations:Statutory reserveCash Dividend
Retained earnings carried forward
Export Import Bank of Bangladesh LimitedNon-controlling Interest
Consolidated Earnings per ordinary share
he€-urrnn,Company Secretary Deputy
,9977,723,66A,478 2,322J91,07 1,985,335,235 2,463,249,871
22,743,587,649
4,624,133,8767A5,972,802
1,264,443,263
22,377,544
22,347,540,709
07,99A,223,742)
6,79t,082,645(5,571,324,465)
1,2 1 9,758,1 80
t92,302,801
428,936,533
22,13s,078t22,203,r43
7 ,737 ,844,095G.608.544.744\1,129,299,351
284,2A4,158
523,807,2t01,7 66,958
124,172,194
4,357,376,967
975,422,100
1,560,369,4829,687,107
496,986,017
2,336,475,797465,029,178
10,566,152
71,885,522172,702
169,065,065
15,714,4602,164,958
387,784
)ia 1)< A)7
7s,000,000943,421,s79
2,532,555,51149t,5t1,9tt
14,653,567
66,788,320245,072
168,076,3041 5,1 85,23 1
1,805,199
366,530
187 ,964,144336,717 ,057648,589,797
4,298,7a4,62A 4,424,458,60i '5454
t,201,t72,248(12,98e,10e)
489,t53,995(16,757,r32)
35r,962,r520.668,296\
s39.
23,127,448
Q.s2a,25e\
1,880,150,906
trr4 3,757,645 7,495,172,164 958,496,617
1,1 88,1 83,139 472,396,863 348,293,856 24,607,7892,425,57 4,5461 111 5J1 455
4.258.1t7.961
642,854,8241,,41,2,25t,068
218,334,4291.412.25 1.068
622,775,307 67a,202,761 (171,951,039)1 r(n
^r) o17 ) )11 (d1 1((
' )qn nr) q17
-2,g22J25238 '.84rJ46Jr6 'fi8$r90,375,844
1.4 12.25 1.068
2,055,105,892 1,630,585,097 I2,2a3,412,06e 1212i11,141
,912 1
2 ,242
1,240,1 19,010
29413,14 1 1,244,119 )44
694,375,760040\
4.44
E( M Director &
2020 2419 2A2a 2419J
249,828,149
3,997,529
24,075,t905 8,518
69,737,9785,904,460
308,00019t,700
74,856,17375,000,000
317 076
7
8
1
9t0,a29,255170,395,721
6,246,468
20,496,065105,232
55,885,7394,882,27t
476,00068,400
66,030,837274,019,00516 32
118
689,951 t,574,191,5
11 4l
,0 1,,826
243t,242,213,1t9
22
2
EXPORT IMPORT BANK OF BANGLADESH LIMITEDConsolidated Cash Flow Statement (Provisional & un-audited)
for the period ended 30 September 2020
ParticularsA) Cash flows from operating activities
Investment income receiptsProfit paid on deposits, borrowings, etc.Dividend receiptsFees and commission receiptsCash payment to employeesCash payment to suppliersIncome tax paymentsReceipts from other operating activitiesPeyments (or other operating activitiesCasb flous beforc cbanges in operating assets and liabilities
Changes in operating assets and liabilities:(Increase)/decrease in operating assetsStatutory depositTrading security - sharesInvestments to other banksInvestments to customersOther assetsIncrease/(decreasc) in operating liabilitiesDeposits from other ban}sDeposits from customersLiabiiities on account o[ customersTrading liabilities (borrowing)Other liabilities
Net casb from operating actit)ities
B) Cash flows from investing activities:Receipts from sale of securities - BGIIBPayment [or purchase oI securitiesPurchase of fixed assetsSale proceeds of (ixed assetsPurchase of SubsidiariesNet casb from inoesting actioities
C) Cash flows from financing activitiesReceipts from issue of Debt InstrumentsPayment for redemption of Debt InstrumentsReceipts from issue of ordinary share/Rights shareDividend paid in cashNon-controlling investment in subsidiaries
Net casb from financing actioities
D) Net increase/(decrease) in cash and cash equivalents (A+B+C)
E) Effect of Exchange rate changes on cash and cash equivalents
F) Cash and cash equivalents at beginning of the year
G) Cash and cash equivalents at end of the period (D+E+F)
H) Cash and cash equivalentsCashBalance with other banks and financial institutions
(
(1,300,000,000)
(1,412,25 1,068)
(s00,000,000)
(1,4 12,25 1,068)
(2,772,251,a6E) (1,912,251,068)
'aka
2,766,716,958 4,E43,371,094
(16,658,67A,475\(1 3,89 1,9s3,5 1 Z)
10,8E0,098,785
15,723,469,879
,,:,,,;;;,,;;ll
9,599,309,016
193,051
33,2i7,845,482
30,272,253,226 42,E31,j47,549
26,256,675,758
4.0t5.577.46838,743,623,9t5
4 ,087 ,7 23 ,634
42,83 7,549
Wlan*Director
2
2020 20
23,284,8t9,732(1 6,33s,426,8s6)
596,783,709
1,264,443,263(2,352,1e0,257)
2A2,631(2,461,See,641)
528,737,5t0(1.759.051.133)
22,840,897.
452,046,956
1,560,369,482(2,547,740,742)
453,875(1,58s,2t1,627\
503,499,544t57
(1
398,101,155
(42,783,406,754)
(100,5 10,120)
(97,322,830)
16,t23,t6t,777
8.283,414,1 15
1,5 1 7,889,983
8t,24J,248
(24,007 ,7e7 ,7s6)32,784,0t2
2,002,591,3t336,857,292,041
(4,9t7,687,e08)
8l 1.673.835
I 0,500,000,000
(1 18,044,s35)
434,446
(4,000,000,000)
(218,133,084)
6,223,289
Company Secretary Deputy Director & CEO
I
) )
EXPORT IMPORT BANK OF BANGLADESH LIMITED
Consolidated Statement of Changes in Equity (Provisional & un-audited)for the period ended 30 September 2020
Deputy Director & CFO\e-Lo^^a-
Company Secretary Director & CEO
T
4
Particulars Paid up capital
Taka
StatutorvreserYe
Taka
Revaluationreserve of
Fixed AssetsTaka
General/Otherreserve"
Taka
RevaluationGain/(loss) on
InvestmentTaka
Foreigncurrency
translationTaka
Retained
earnings
Taka
Non-controlling
InterestTaka
Total
Taka
Balance at I lantary 2020
Changes in accounting policies
14,122,510,680 t1,7os,987,6r6 2,067,nr,666 62,n5,O00 (2,17r,006) (332,567) 2,23r,30r,51r t0t,857 29,187,944,757
Restated Balance
Surplus/@eficit) on Account of Revaluation Propenies
Surplus/@eficit) on Account of Revaluation ofInvestment
Currency translation di{ference
14,722,510,680 10,70s,987,6r6 2,067,777,666 62,77s,000 (2,1n,Aa6) (332,s67) 2,237,301,s11 101,852 29,187,944,757
(2,r76,2rc) (2,r76,210)
t,636,079394,t35 1,241,944
Net Gain and Losses not recognized in the income (2,176,2r0) i94,135 1,241,944
2,025,574,506
(1,4r2,251,068)
(642,854,824)
Q43)
(s40,131)
2,025,574,506
(1,4r2,25t,068)
statement
Net Profit {or the period
Stock Dividend paid during the periodCash Dividend paid during the period
Transferred to stxtutory reserve
Non-controlling interest
642,854,824
243
Total Shareholders Equity as at 30 September 2020 14,122,570,680 11,34E,842,440 2,067,771,666 (4,i47,216) 51,568 2,20i,011,826 102,100 29,844,728,465
Total Shareholders Equity as at 30 September 2019 74,722,510,680 9,939,285,522 2,067,771,666 62,775.a9 Q,64,589) (1s,e7s) 1,242,213,r1e 105,474 27,427,415,897
30 Sept 201930 Sept 2020'r'General Reserve/Other Reserve
62,775,00062,775,040
General Reserue
Dividend Equalization Account62,775,0O0 62,775,a00Total
Director
EXPORT IMPORT BANK OF BANGLADESH LIMITEDBalance Sheet (Provisional & un-audited)
as at 30 September 2020
PROPERTY & ASSETSCashIn hand (including foreign currencies)Balance with Bangladesh Bank and its Agent Banks (including foreign currencies)
Balance with other banks and financial institutionsIn BangladeshOutside Bangladesh
Placement with other banks & financial institutionsInvestments in shares and securitiesGovernmentOthers
InvestmentsGeneral investments etc.Bills purchased and discounted
Fixed assets including premisesOther assetsNon-banking assetsTotal property and assets
LIABILITIES & CAPITALLiabilitiesPlacement from other bants & financial institutions
Deposits and other accountsMudaraba savings depositsMudaraba term depositsOther Mudaraba DepositsAl wadeeah current and other deposit accountsBills payable
Mudaraba Subordinated Bond
Other liabilitiesTotal liabilities
Capital/shareholders' equityPaid up capitalStatutory reserueOther reservesRetained earningsTotal shareholders' equityTotal liabilities and shareholders' equity
Off balance shect itemsContingent liabilities:Acceptance and endorsementsLetters of guaranteeIrrevocable letters of credit (including Back to BacL Bills)Bills for collectiooOther contingent liabilitiesTotal contingent liabilitiesOther commitmentsTotal off balance sheet items including contingent liabilities
3i,249,700,673 43,772,534,624
2,207,592,694
24.024.05 5.3 87
3t6,61t,3373,684.986.698
4,00 I,598,035
25,2i1,618,A81 32,754,155,231
December 2019Taka
2,215,363,255
29.938,791,976
6t9,5t2,1613,682,919.55843A?,4s7,779
aka
17,014,05 i,03 8
16,235,649,575
374,556,t25,5251 1.505.1 1 8.126
386,061,243,651
5,573,342,1742,947,942,720
27,5 14,05 I,01 8
15.65 8.479.585
328,9t0,778,149
14.376,620,590
i4i,287,i98,739s,643,43i,2893,3E 1,2 6E,9 44
458,a-65A1!,!10 ____lt-1219,!l&!l!_
10,053,849,7 10
I 68,7 10,89 1,9 1 8
1 35,965,1 59,870
36,423,812,164
3,104,994,999
374,258,704,667
10,200,000,000
18,662,487,21E
26,t84,704,789t74,t74,422,538t24,408,407,56228,722,654,971
2.326.333.829
355,E16,519,689
1 1,500,000,000
1 E,85s,652,1 87428,289,959,sAA 4A2,782,525,3E2
14,122,5t0,6801 1,348,842,440
2,130,546,666
2.173.575.384
1 4,122,5 10,680
rc,705,987,6t62,130,546,666
2,199,268,242
29,775,475,170,,q
1 58,3 1 3,1 64
70 437,944,838,546
34,368,295,126
7,826,6t2,s8927 ,169 ,134,857
6,346,80 1,885
49,467 ,093,8406,901,750,t61
26,468,690,444
6,068,469,655
7 5,71
Director & CFO Managing
75,770,E44,457 88,906,004,100
0.844.457 88,906,004,100
WlwwvCompany Secretary
A
2A2A
Director t
Deputy &
25,16E,767,621 15,510,353,506
EXPORT IMPORT BANK OF BANGLADESH LIMITEDProfit and Loss Account (Provisional & un-audited)
for the period ended 30 September 2020
Jan-Sept 2020
Particulars
Investment incomeProfit paid on deposits, borrowings, etc.Net investment incomeIncome from investment in shares/securitiesCommission, exchange and brokerageGain on sale of investment in sharesOther operating incomeTotal operating income (A)
Operating expensesSalaries and allowancesRent, taxes, insurance, electricity etc.Legal expensesPostage, stamp, telegram, telephone etc.Auditors feesStationery, printing, advertisement, etc.Chief Executive's salary and feesDirectors' fees and expensesShariah Supervisory Committee's Fees tr ExpensesCharges on Investment LossesDepreciation on and repairs to Bank's propertyZakat expensesOther expensesTotal operating expenses (B)Profit before provisions (C = A-B)Provision for investments and Off-Balance Sheet Exposures
Provision for diminution in value of sharesTotal Provision (D)Profit/(loss) before taxes (C-D)Provision for taxation:Current taxDeferred tax expense/(benefit)
Profit/(los$ after taxRetained earnings brought forwardProfit available for appropriationAppropriations:Statutory reserveCash Dividend
Retained earnings carried forwardEarnings per ordinary share
F'4-lfunr*wCompany Secretary
496,885,0027 ,077 ,279,133 7 ,35 9,063,559
6,785,389,546
6,572,4J5,660\7,212,953,946
192,160,941
4t9,816,48218,194,859
717
na)78,149 124,172,4797,963,504,337 2,457,392,760
Taka
22,696,442,573
(18 ,086 ,s37 ,27 2)
4,609,90s,30 1
742,202,397
t,2$,a25,82818,194,859
503,950,748
22,3s0,762,6t6(i7.99e,630,508)
4,35 1,132,008
969,639,800
t,54t,406,749282,s39,648
517 ,999,518
1,866,150,906j,214,274,722 7,497,674,143
t4
fi2,432,396(142,77A,95a)
354,2Q1,744(3,668,296)
24,608,384(2,520,259)
346,533,448 22,088,725
10 I5 957
2,429,473,4742,199,268,202
627,926,9072,166,656,356
605,345,7762,t99,?68,202
( 1 G4,859,025)2,166,656,356
4,228,687,276 2,788,583,257 2,8A4,673,978 2,0A1,797,287
642,854,8241,412,251,468
2,05s,10s,892
_2,113,5?Jfi!_1.44
218,334,0291,412,251,0687,634,585,4971.152.998.1 60----------ffi
,912
Managing Director & CEODirector CFO
g
2019 2020 2419
7,741,225,699
2)20/37,822449,566,955
10,176,92669,723,674
158,6 13,156t5,7 t4,4602,037,758
387,780
208,891,68 175,000,000
9 86
2,527,343,979481,878,247
74,575,827
66,487,r7050,000
t67,881,72515,185,23 1
1,669,199
366,530
t87,638,076336,7 t7 ,057601
752,452,443244,056,878
3,792,74318,713,443
69,569,6875,9A4,460
264,000191,700
70,735,14275,000,000
314,654,950
948344,210167,311,178
6,186,89420,412,612
50,000
55,789,2Al4,882,271
432,00068,400
65,929,478274,0D,445164.745.865
1,580,19 1,58228s
384,577,2781+7 .455.118
(17,904,765)(48s,80s,s28)
5a3,71A,293
1,197,85A,$7'57
486,504)74
190,375,844t.412.251.068
(28,ss4,190)1.4 12.25 1.068
'83,696,87
rman
EXPORT IMPORT BANK OF BANGLADESH LIMITEDCash Flow Statement (Provisional & un-audited)
for the period ended 30 September 2020
ParticularsA) Cash flows from operating activitiesInvestrnent income receiptsProfit paid on deposits, borrowings, etc.Dividend receiptsFees and commission receiptsCash payment to employeesCash payment to suppliersIncome tax paymentsReceipts from other operating activitiesPayments for other operating activitiesCash flous before changes in operdting assets and lidbilities
Changes in operating assets and liabilities:(Increase)/decrease in operating assetsStatutory depositTrading security - sharesInvestments to other banksInvestments to customersOther assetsIncrease/(decrease) in operating liabilitiesDeposits from other banksDeposits from customersLiabilities on account of customersTrading liabilities ft orrowing)Other liabilities
Net cash from operatiflg actiaities
B) Cash flows from investing activities:Receipts from sale of securities - BGIIBPayment for purchase of securitiesPurchase of fixed assetsSale proceeds of fixed assetsInvestment in subsidiaries/Purchase of SubsidiariesNet cash from inoesting actioities
C) Cash flows from financing activitiesReceipts from issue of Debt InstrumentsPayment for redemption of Debt InstrumentsReceipts from issue of Ordinary Share/fughts ShareDividend paid in CashNet casb from financing actioities
D) Net increase/(decrease) in cash and cash equivalents (A + B + C)E) Effect of Exchange rate changes on cash and cash equivalentsF) Cash and cash equivalents at beginning of the yearG) Cash and cash equivalents at end of the period (D + E+ F)
H) Cash and cash equivalentsCash
Balance with other banks and financial institutions
2,763,039,586 4,827,871,550
16,47t,660
(24,294,186,2st)
647,t39,569
2,002,59t,31336,575,442,195
(4,917 ,687,908)794,738,191
14,824,108,76915,65 1,980,3 1 9
10,s00,000,000
(1r7,4e9,783)434,446
(1.000.000.000)
9,382,934,663
12
(5,223,350,834)
35.456.606.950
9,528,1 50,689
33.20 1,584.356j0,233,246,116 42,729,735,045
23,277,674,656(16,342,5 10,3ss)
593,013,3041,2$,025,828
(2,336,1s2,282)
202,631(2,459,961,7 44)
52r,772,580(1.234.02s.032)
22,844,119,257(r4,688,086,G35)
446,264,656
1,541,406,749(2,s42,52e,2r0)
453,87 5
(t,s70,e9e,372)493,7 tI,422
(t.696.479.t92\
427,495,021
(42,773,844,9 t2)(43,543,807)
(e7,322,830)
16,795,480,885
8,558,414,1 15
r,476,237,5t)1 5,557,084,0 15
12,894,044,429
(4,000,000,000)
(2 17,801,85 1)
6,223,289
4,211,578,562
26,23t,648,0814.001.598.035
38,72t,078,4914.008.656.554
Director & CFO
30,233,246,116 42,729t715,445
ManagingW,_lo,n*
Company Secretary
7
)n)i 2019
(1,300,000,000)
1
(soo,0oo,o0o)
1
o
Deputy
.#E( CEO
) )
EXPORT IMPORT BANK OF BANGLADESH LIMITEDStatement of Changes in Equity (Provisional & un-audited)
for the period ended 30 September 2020
Deputy Director 6( CFOCompany Secretary Director 6c CEO
B
ParticularsPaid up capital
Taka
Statutory reserve
Taka
Revaluation reserveof Fixed Assets
Taka
General/ OtherReserves{'
Taka
Retained earnings
Taka
Total
Taka
Balance at 1 January 2020
Changes in accounting policies
14,122,510,680 10,705,987,6t6 2,067,771,666 62,775,000 2,t99,268,202 29,158,313,164
Restated Balance
Surplus,/(Deficit) on Account of Revaluation PropeniesSurplus/(Deficit) on Account of Revaluation ofInvestment
14,722,510,680 10,705,987,616 2,067,771,666 62,775,000 2,199,268,202 29,158,313,164
Net Gain and Losses not recognized in the incomestatement
Profit for the period
Stock Dividend paid during the period
Cash Dividend paid during the period
Transferred to statutory reserve
2,029,4t3,074 2,029,413,074
(r,4r2,25t,068)
(642,8s4,824)
(r,412,25r,068)
642,854,824
otal Shareholders as at 30 2020 1 1 1 2. 173 170
otal Shareholders as at 30 2019 I I 2. 62 I 160 27+General Reserve/Other Reserve 30 Sept 2020 30 Sept 2019
General Reserve
Dividend Equalization Account 62,775,O00 62,775,000
Total 62,775,000 62,775,OO0
o
Export Import Bank of Bangladesh Limited
Notes to the Financial StatementsFor the period ended 30 Septemb er 2O2O
1.0 Status of the Bank
l.0l Legal Form ofthe Bank
Export Import Bank of Bangladesh Limited was incorporated in Bangladesh on 02 June 1999as Banking Company under the Companies Act 1994. The Bank converted its bankingoperation into Islamic Banking based on Islamic Shariah from traditional banking operation on0l July 2004 after obtaining approval from Bangladesh Bank. The Bank went for public issueof shares in the year 2004 and its shares are listed with Dhaka Stock Exchange and ChittagongStock Exchange.
1.02 Nature of Business
The commercial banking activities of the Bank consist of services including mobilizingdeposits, providing investment facilities, discounting bills, conducting money transfer, foreignexchange transactions and providing services like safe keeping, issuing guarantees,acceptances and letters ofcredit etc.
The Bank carries out its banking activities through I3 I (One hundred thirty one) Branchesoperating as per Islamic Shariah in the country.
1.03 Subsidiaries
The subsidiary companies of the Bank namely EXIM Exchange company (uK) Ltd., ExlMExchange Company (Canada) Ltd., EXIM Finance (Hong Kong) Limited and EXIM IslamiInvestment Ltd. (EIIL) are conducting specified services to the customers. 3 (Three) foreignsubsidiaries are fully owned by the bank to help expediting remittance flow in the country andto provide other financial services. EXIM Islami Investment Limited (EIIL), the only localsubsidiary where Bank owns 99.9950/o share with substantial control and rest 0.005% is non-controlling interest. EXIM Islarni Investment Limited (EllL) carries out merchant bankingactivities and conducts specified services to the customers.
1.04 Off-shore Banking Unit
Off-shore Banking Units (OBUs) of Export lmport Bank of Bangladesh Limited wereestablished under the rules and guidelines of Bangladesh Bank. The Bank obtained Off-shoreBanking Unit permission vide letter no. BRPD (P-3)744(1ts)12010-3861 & BRPD (p-3)744(l18y2015-6018 dated 3 I August 2010 & I 1 August 2015 respectively. Bankcommenced the Off-shore Banking Unit (OBU) services from April 2012. Two Off-shoreBanking Units (OBUs) are located at Dhaka (Motijheel & Gulshan) and another one is atChattogram. OBUs maintain separate accounts in US Dollar.
2.0
2.01
Significant Accounting Policies
Basis of preparation
The operations of Export Import Bank of Bangladesh Limited and its subsidiaries aregovemed in compliance with the rules of Islamic Shariah. The consolidated financialstatements and the separate financial statements of the Bank have been prepared basically asper provisions of the "Guidelines for Islamic Banking" issued by Bangladesh Bank throughBRPD CircularNo. 15 dated 09 November 2009 with reference to the provisions of the Bank
9
ir
Export Import Bank of Bangladesh Limited
Notes to the Financial StatementsFor the period ended 30 September 2020
Company Act, 199 I as amended up to 2018 & Bangladesh Bank's other circulars/instructionsand in accordance with Intemational Financial Reporting Standards (lFRSs) adopted inBangladesh; the Companies Act, 1994; the Securities and Exchange Rules 1987; Dhaka andChittagong Stock Exchanges' Listing Regulations and other laws and rules applicable inBangladesh.
In case the requirement of guidelines and circulars issued by Bangladesh Bank differ withthose of other regulatory authorities and financial reporting standards, the guidelines andcirculars issued by Bangladesh Bank prevails.
2.02 Investment and Provision
Investments are stated in the Balance Sheet net off unearned income. Provisions forinvestments are made as per instructions contained in relevant Circulars of Bangladesh Bank.
2.03 Provision for diminution in value of shares
Provision fbr investment in share is made on the basis of period-end review by themanagement and instructions from regulatory authorities.
2.04 Provision for corporate tax
Provision for current tax has been made in the accounts @3750% as per Finance Act 2020 ofthe accounting profit made by the Bank.
2.05 Off-balance sheet items
Off balance sheet items have been disclosed under contingent liabilities and othercommitments as per Bangladesh Bank guidelines. Provisions on off balance sheet items havebeen made as per Bangladesh Bank Circular.
2,06 Earnings per share
Earnings per share (EPS) have been computed by dividing the basic earnings by the number ofOrdinary Shares being calculated as per IAS-33'
2.07 Cash flow statement
Cash flow statement is prepared in accordance with IAS-7 "Cash Flow Statement" and thecash flow from operating activities has been presented under direct method.
2.08 Reporting period
These Financial Statements cover the period from I January 2020 to 30 September 2020.
l0
Annexure - A
EXPORT IMPORT BANK OF BANGLADESH LIMITED
Disclosure related to quarterly financial statements (Solo & Consolidated basis)
as at and for the period ended 30 September 2020
a. Shareholders' equityi) Issue of share capital
Out of the total issued, subscribed and fully paid up capital of the Bank 3,138,750 ordinary shares of Tk.1oo/- each amounting to Tk.313,875,000/-
was raised through public offering of shares in the year 2004. In the year 2006 bank raised Tk.571,252,500/- through rights share offer at 1:2 shares
of Tk.1OO/- each. In the year 2010 Bank further raised Tk.2,277,422,930/- through issuance of rights share at 1:2 shares of Tk.10/'each. The rest
amount of capital was raised by issuing of bonus share in different years.
ii) Detailed break-up or composition of shareholders' equityPaid-up capital (1,41.2,251,068 ordinary shares of Tk.10/- each)
Share premium
Preference share capital
Statutory reserve
Asset revaluation reserve
Dividend equalization account
Foreign Currency translation adjustment
Non-controlling interest
Retained earnings
b, Calculation of Net Asset Value (NAV) per ShareTotal Net Asset Value (A)
Number of ordinary share outstanding @)Net Asset Value (NAV) per Share (A/B)
c. Calculation of Basic and Diluted Earnings Per Share (EPS)
Calculation of Basic Earnings Per Share (BEPS)
Net profit after tax (A)Number of ordinary share outstanding (B)
Basic Earnings Per Share (BEPS) (A/B)
BEPS increased mainly due to decrease in investment provision
and provision for diminution in value of shares.
Calculation of Diluted Earnings Per Share (DEPS)
Net profit after tax (A)Number of share outstanding (B)Diluted Earnings Per Share (DEPS) (A/B)
As there is no issue of conversion during the period, so Basic
Earnings Per Share (BEPS) and Diluted Earnings Per Share(DEPS) are same.
r1,348,842,444
2,067,77t,666
62,775,004
9,939,285,522
2,067,77t,666
62,775,000
1 1,348,842,440
2,067,771,666
62,775,000
(4,285,647)
1 02,1 00
2,243,011,826
9,939,285,522
2,067,771,666
62,775,000
(7,645,564)
105,47 4
1,242,21,3,1192,17 3,57 5,384 t,t57,998,160
29,775,475,170 27 1,028 29,900,728,065 27,42 7.A15,897
29,77 5,475,1.70
t,4t2,251,468
27 35434t,4281,412,251,068
29,8A0,728,065
I,4t2,251 ,468
27,427,415,897
t,412,251,068
2,029,413,074
),,412,251,068
621,926,901 2,025,574,506
t,412,251,468
19.42
622,77s)41
I,412,251,468
21.08 19.i7 21.10
1,4 12,251,068
2,A29,413,074
7,412,25t,068
62t,926,941
t,412,25r,068
2,A25,574,506
t,412,251,068
4.44
622,775,30r
1,41,2,251,468
1.44 0.44 1.43
t.44 4.44 1.43 0.44
Consolidated
19
Solo
Sept-2020 Sept-201 9
11
14,122,510,680 14,122,51A,680 14,122,510,680 14,122,510,680
Sept-2020
EXPORT IMPORT BANK OF BANGLADESH LIMITED
Disclosure related to quarterly financial statements (Solo & Consolidated basis)
as at and for the period ended 30 September 2020
Amount in Taka
Solo Consolidated
Sept-2020 Sept-201 9 Sept-2020 Sept-201 9
NOCFPS decreased mainly due to decrease in cash flows fromoperatinB assets and liabilities compared to the previous period.
e. Reconciliation of net profit with cash flow from operating activitiesProfit before provision & tax (A) 2,819,972,335
d. Catculation of Net Operating Cash Flow Per Share (NOCFPS)Net Operating Cash Flow (A)
Number of ordinary share outstanding (B)
Net Operating Cash Flow Per Share (NOCFPS) (A/B)
Adiustments of Non-Cash Items (B)
Depreciation
Net loss/(gain) on sale of fixed assets
Nominal value of bonus share
Total Non-Cash Items (B)
Adiustments of accrued income/expenses (C)
(Increase)/decrease of profit income receivable on investmentIncrease/(decrease) of profit payable on depositsIncrease/(decrease) of accrued expenses payable Er others
Total adjustments of accrued income/expenses (C)
(12,894,044,429) 15,651,980,3191,4r2,251,068
1 1.08 (e,!4) 1 1,13
2,957,821,049 2,824,955,858 2,975,323,470
r87,224,420
(r36,217)
(4,665,010)
162,389,413
Q,a02,457)(t57,758,68A)
182,491,447 1,301,848 182,423,793 7,62 7,876
1,4t2,251,068
-P{iI
476,708,0A0
t,744,426,917
202,63t
(r3,8er,e53,s17)
|,4r2,251,068
15,723,469,879
t,412,251,068
127 ,7 44,177
3,311,543,973
453,875
476,708,000
t,744,A26,917
202,63t
139 ,633,927
3 ,3tl,543,973453,87 5
Income tax payment (D) (2,459,961,7 44) (1,57a,989,372) (2,461,599,641) (1,585,211,627)
Cash flows before changes in operating assets and liabilities (A+B+C+D) 2,763,039,586 4,827,877,554 2, 6,958
2,220,937,548 3,439,738,025 2,220,9i7,548 i,451,631,775
71,094
t86,892,674
(136,2t7)
(4,665,010)
162,062,985
Q,a02,4s7)(1s7,7s8,680)
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