Howladar Yunus & Co.

Chartered Accountants
Bangladesh Commerce Bank Limited
Balance Sheet
As on 31 December 2011
Notes
PROPERTY & ASSETS
CASH
Cash in Hand (Including foreign currency)
Balance with Bangladesh Bank and its agent bank (s)
(Including foreign currency)
BALANCE WITH OTHER BANKS & FINANCIAL
INSTITUTIONS
In Bangladesh
Outside Bangladesh
MONEY AT CALL AND SHORT NOTICE
INVESTMENTS
Government
Others
LOANS AND ADVANCES
Loan, Cash Credit and Over Drafts etc.
Bills Purchased and Discounted
Loans & Advances of BCI
Total Loans and Advances
FIXED ASSETS including premises, furniture & fixtures
OTHER ASSETS
NON-BANKING ASSETS
TOTAL ASSETS
LIABILITIES AND CAPITAL
Borrowings from other Banks, Financial Institutions and agents
DEPOSITS AND OTHER ACCOUNTS
Current Account and Other Accounts etc.
Savings Bank Deposits
Short Term Deposits
Fixed Deposits
Deposit under Different Schemes
Bills Payable
Bank Deposit
Other Deposits
Deposits(BCI)
OTHER LIABILITIES
TOTAL LIABILITIES
SHAREHOLDERS' EQUITY
SHARE CAPITAL
Paid-up-Capital
Share Capital BCI Ltd.
Revaluation Reserve on DSE Membership
Statutory Reserve
Other Reserve
Revaluation Reserve for HTM Securities
Exchange Equalization Account
Surplus/Deficit in Profit and Loss Account
Total Shareholders' Equity
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

03.00

04.00

05.00
06.00

07.00

07.14
08.00
09.00
10.00

11.00
12.00

12.01
12.03
12.04
13.00

14.02

15.00
16.00

17.00

2011
Taka

2010
Taka

998,449,569
209,258,486

763,123,871
174,197,323

789,191,083

588,926,549

2,336,658,362
2,260,085,820
76,572,542
340,000,000
1,952,923,492
1,324,357,389
628,566,103
10,680,881,875
10,665,514,130
15,367,745
653,559,569
11,334,441,444
92,303,468
336,083,895
17,390,860,230

4,169,752,271
4,109,453,871
60,298,400
330,000,000
1,472,321,723
1,027,904,760
444,416,963
7,600,797,170
7,599,373,830
1,423,340
665,222,894
8,266,020,064
48,180,592
528,961,643
15,578,360,165

13,876,888,734
942,069,237
1,198,960,870
1,160,418,149
7,854,745,903
1,076,274,794
269,506,219
802,890,000
572,023,562
57,546,589
1,238,925,033
15,173,360,356

100,000,000
12,187,614,460
1,965,647,110
989,904,941
1,334,453,570
5,026,466,909
752,111,890
160,908,668
1,820,000,000
138,121,373
58,628,474
1,085,716,211
13,431,959,145

1,988,742,800
39,000,000
143,213,693
3,848,512
13,035,973
29,658,897
2,217,499,875
17,390,860,230

1,988,742,800
39,000,000
98,329,157
3,848,512
11,836,557
4,643,994
2,146,401,020
15,578,360,165

These Financial Statements should be read in conjunction with the annexed notes

Chairman

Director

Director

Managing Director

See annexed auditors' report to the shareholders of the date.

Dated, Dhaka
April 18, 2012

Chartered Accountants

Howladar Yunus & Co.

Chartered Accountants
Bangladesh Commerce Bank Limited
Off-Balance Sheet
As of 31 December 2011

Notes
CONTINGENT LIABILITIES

2011
Taka

2010
Taka

18.00

Acceptances and Endorsements

Letter of Guarantees (18.01)
Irrevocable Letter of Credit
Bills for Collection
Other contingent liability (18.02)
Tax Liability of BCBL

18.01

18.02

TOTAL CONTINGENT LIABILITIES

519,264,619
1,826,608,787
176,322,351
84,373,621
71,354,804
2,677,924,182

100,834,581
634,746,923
67,250,528
84,423,622
887,255,654

OTHER COMMITMENTS
Documentary Credits and short term trade
related transactions
Forward assets purchased and forward
deposits placed
Undrawn note issuance and revolving
underwriting facilities
Undrawn formal standby facilities, credit lines and other commitments
Total
TOTAL OFF-BALANCE SHEET ITEMS

2,677,924,182

887,255,654

These Financial Statements should be read in conjunction with the annexed notes

Chairman

Director

Director

Managing Director

See annexed auditors' report to the shareholders of the date.

Dated, Dhaka
April 18, 2012

Chartered Accountants

Howladar Yunus & Co.

Chartered Accountants
Bangladesh Commerce Bank Limited
Profit and Loss Account
For the year ended 31 December 2011
Notes
OPERATING INCOME
Interest Income
Less: Interest Paid on Deposits and Borrowings etc
Net Interest Income
Income from Investments
Commission, Exchange Earnings & Brokerage
Other Operating Income

19.00
20.00
21.00
22.00
23.00

TOTAL OPERATING INCOME (A)

OPERATING EXPENSES
Salary and Allowances
Rent, Taxes, Insurance, Electricity, etc.
Legal Expenses
Postage, Stamp, Telecommunication etc.
Stationery, Printing, Advertisement etc.
Managing Director's salary and allowances
Directors' Fee
Audit & Evaluation Fee
Depreciation & Repair of Fixed Assets
Other Expenses
Total Operating Expenses (B)
Profit before Provision (C)=A-B
Provision against Classified Loans
Provision against Un Classified Loans
Other Provisions
TOTAL PROVISION (D)
TOTAL PROFIT/(LOSS) BEFORE TAX (C-D)
PROVISION FOR TAXATION
Provision for Taxation
Provision for Deferred Tax
NET PROFIT/(LOSS) AFTER TAXATION

24.00
25.00
26.00
27.00
28.00

29.00
30.00

13.01.01
13.01.02
13.13

APPROPRIATIONS
Statutory Reserve
General Reserve
Dividends etc.

2011
Taka
1,510,634,175
912,798,490
597,835,685
114,834,774
132,470,508
55,359,732
302,665,014
900,500,699

926,555,777
621,149,033
305,406,744
178,700,106
90,933,697
42,740,676
312,374,479
617,781,223

243,758,628
47,826,885
1,446,586
4,110,283
12,419,862
9,280,000
809,825
263,625
26,059,885
55,581,092
401,556,671
498,944,028
100,000,000
14,179,070
160,342,277
274,521,347
224,422,681
154,523,241
155,000,000
(476,759)
69,899,439

184,540,144
28,731,799
599,498
4,096,523
9,832,971
5,739,353
771,150
100,000
15,528,913
42,425,103
292,365,454
325,415,768
100,000,000
30,000,000
32,732,049
162,732,049
162,683,719
99,375,138
100,000,000
(624,862)
63,308,582

44,884,536
44,884,536
25,014,903
3.51

32,536,744
32,536,744
30,771,838
3.18

15.00

Retained Surplus
Earnings per Share (EPS)

2010
Taka

32.00

These Financial Statements should be read in conjunction with the annexed notes

Chairman

Director

Director

Managing Director

See annexed auditors' report to the shareholders of the date.

Dated, Dhaka
April 18, 2012

Chartered Accountants

Howladar Yunus & Co.

Chartered Accountants
Bangladesh Commerce Bank Limited
Statement of Cash Flow
For the year ended 31 December 2011
PARTICULARS

Notes

CASH FLOW FROM OPERATING ACTIVITIES

Interest Receipts in Cash
Interest Payment
Dividend Receipts
Fees and Commission Receipts in Cash
Recoveries of Loans Previously Written Off
Cash Payment to employees
Cash Payment to Suppliers
Income Tax paid
Receipts from other Operating Activities
Payment for other Operating Activities
Operating Profit Before Changes in current Assets & Liabilities
Increase/Decrease in operating Assets and Liabilities
(Increase)/Decrease in Statutory Deposits
(Purchase)/Sale of Trading Securities
(Increase)/Decrease in Loan & Advances to Other Banks
(Increase)/Decrease in Loan & Advances to Customers
(Increase)/Decrease in Other Assets
Increase/(Decrease) in Deposits from Other Banks
Increase/(Decrease) in Deposits from Customers
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 Securities
Increase/(Decrease) in Cash due to Sale and Purchase of Assets
(Purchase)/Sale of Property plant and equipment
(Purchase)/Sale of Subsidiary
Net Cash used in Investing Activities (B)
CASH FLOW FROM FINANCIAL ACTIVITIES
Receipts from issue of ordinary Shares/(Redemption of Share 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

2011
Taka

2010
Taka

1,063,280,620
(858,030,581)
296,187
132,470,508
(253,038,628)
(64,357,030)
(89,647,440)
55,359,732
(55,581,092)
(69,247,725)

1,016,111,246
(583,850,852)
885,146
90,933,697
(190,279,497)
(42,661,293)
(1,814,840)
241,921,365
(42,425,103)
488,819,868

(1,077,945,071)
(44,884,536)
(3,068,421,380)
192,877,749
(1,017,110,000)
2,706,384,273
153,208,823
(1,147,192,796)

1,906,443,679
(2,009,818,384)
(319,720,864)
1,420,000,000
2,362,639,194
353,343,733
2,395,263,547

(44,122,876)
(199,999,910)
(244,122,786)

(9,227,116)
(9,227,116)

31.00

(1,391,315,582)
6,390,780,902
4,999,465,320

1,068,742,800
1,068,742,800
3,454,779,230
2,936,001,672
6,390,780,902

These Financial Statements should be read in conjunction with the annexed notes

Chairman

Director

Director

Managing Director

Dated, Dhaka
April 18, 2012

Chartered Accountants

Bangladesh Commerce Bank Limited

Particulars

Paid up Capital

Balance as on 01 January 2011

Share Capital BCI Ltd.

Statement of Changes in Equity

For the year ended 31 December 2011
Revaluation
Share
Statutory
Reserve on
Premium
Reserve
Account
Securities
98,329,157

Other
Reserve
3,848,512

Exchange
Equalization
Account
-

Profit/(Loss)

1,988,742,800

4,643,995

39,000,000

Total (Tk.)
2,095,564,464
39,000,000

Prior Year's Adjustment

Dividend Paid during the year

Decrease from Statutory Reserve

Increase in Statutory Reserve

Surplus of Revaluation Reserve for HTM Securities

44,884,536
-

Issuance of Share Capital

13,035,973

44,884,536

13,035,973

Redemption of Share Capital

Net Profit/(Loss) for the period

25,014,902

25,014,902

29,658,897

2,217,499,875

Balance as on 31 December 2011

2,027,742,800

143,213,693

13,035,973

3,848,512

Net result of Liquidity Statement represents the Shareholders' Equity of Bank

Chairman

Dated, Dhaka
April 18, 2012

Director

Director

Managing Director

Bangladesh Commerce Bank Limited

LIQUIDITY STATEMENT (ASSET AND LIABILITY MATURITY ANALYSIS)
FOR THE YEAR ENDED 31 DECEMBER 2011
Particulars

Upto
01 Month

1-3
Months

3-12
Months

1-5 Years

More than
5 Years

Total

ASSETS:
Cash in hand & with Bangladesh Bank
Balance with other Banks & Financial Institutions
Money at Call & short notice
Investment
Loans and Advances
Fixed Assets including premises, furniture and fixtures
Other Assets
Non-Banking Assets

998,449,569
2,173,848,119
340,000,000
570,100
473,918,376
369,214
37,225,881
-

1,972,246,902
738,428
46,004,241
-

162,810,243
328,566,193
3,965,708,216
3,350,616
1,402,950
-

3,264,002,001
13,384,002
140,611,855
-

1,623,787,199
1,658,565,949
74,461,208
110,838,968
-

998,449,569
2,336,658,362
340,000,000
1,952,923,492
11,334,441,444
92,303,468
336,083,895
-

Total Assets

4,024,381,259

2,018,989,571

4,461,838,218

3,417,997,858

3,467,653,324

17,390,860,230

LIABILITIES:
Borrowing from Bangladesh Bank, Other Banks,
Financial Institutions and Agents
Deposits
Other Liabilities

1,421,797,311
-

3,324,827,125
37,958,558

3,363,369,845
364,252,688

684,390,060
272,826,891

5,082,504,392
621,433,484

13,876,888,734
1,296,471,621

Total Liabilities

1,421,797,311

3,362,785,683

3,727,622,533

957,216,951

5,703,937,876

15,173,360,355

Net Liquidity Gap

2,602,583,948

(1,343,796,112)

734,215,684

2,460,780,907

(2,236,284,552)

2,217,499,875

Net result of Liquidity Statement represents the Shareholders' Equity of Bank

Chairman

Director

Director

Dated, Dhaka
April 18, 2012
6

Managing Director