Jamuna Bank Limited

Balance Sheet (Islamic Banking)

As at 31 December 2012
NOTES

PROPERTY AND ASSETS

Cash

31.12.2012
Taka

31.12.2011
Taka

15,805,812

22,025,929

Cash in Hand
Balance with Bangladesh Bank and its Agent Banks

1
2

15,705,827
99,985

21,925,944
99,985

Balance with Other Banks and Financial Institutions

323,293

316,999

Investments

2,756,001,792

3,090,585,988

2,637,991,588
118,010,204

2,690,404,527
400,181,461

8,042,324
916,312,582
3,696,485,803

8,018,618
621,090,369
3,742,037,903

Investment, Murabaha and Bai-Muazzal etc.

Bills Purchased & Discounted
Fixed Assets including Premises, Furniture and Fixture
Other Assets
Total Property and Assets

5
6

LIABILITIES AND CAPITAL

Facilities from Bangladesh Bank

Deposits and other accounts

Al- Wadiah Current Accounts and Other Accounts

Bills Payable
Mudaraba Savings Bank Deposits
Mudaraba Term Deposits
Mudaraba Short Notice Deposits
Deposit Under Special Scheme
Foreign Currency Deposit
8

Other Liabilities
Total Liabilities

68

120,000,000

3,554,992,595

3,360,349,989

234,899,794
12,890,425
128,323,481
1,601,173,490
997,917,241
579,785,772
2,393

247,712,280
15,917,584
168,315,353
2,120,800,975
266,509,553
540,854,642
239,602

141,493,208
3,696,485,803

261,687,913
3,742,037,903

Off - Balance Sheet items

Notes

31.12.2012
Taka

31.12.2011
Taka

165,126,505
530,267,918
7,698,000
703,092,423

65,260,036
176,186,000
241,446,036

703,092,423

241,446,036

165,126,505
165,126,505

65,260,036
65,260,036

Contingent Liabilities:
Acceptances & Endorsements
Letters of Guarantee
Irrevocable Letters of Credit
Bills for Collection
Other Contingent Liabilities

Other Commitments:
Documentary credits and short term trade related transactions
Forward assets purchased and forward deposits placed
Indrawn note issuance and revolving underwriting facilities
Indrawn formal standby facilities, credit lines and other commitments
Total Off-Balance Sheet items including contingent liabilities

Note : A

Letters of guarantee

Money for which the Bank is contingently liable in respect of guarantee

given favoring:
Directors
Government
Bank and other financial institutions
Others

The annexed notes form an integral part of the Balance Sheet.

69

Jamuna Bank Limited

Profit and Loss Account (Islamic Banking)
For the year ended 31 December 2012
Notes

Particulars

2012
Taka

2011
Taka

Investment Income
Profit Paid on Deposits and Borrowings etc.
Net Investment income

10
11

669,464,355
459,303,473
210,160,882

521,177,541
317,338,812
203,838,730

Commission, Exchange and Brokerage Income

Other Operating Income
Total Operating Income (A)

12
13

27,924,737
8,362,416
246,448,035

46,092,260
13,370,943
263,301,933

Salary and Allowances

Rent, Taxes, Insurance, Electricity, etc.
Postage, Stamps, Telecommunication, etc.
Stationery, Printings, Advertisements, etc.
Depreciation and Repairs and Maintenance of Assets
Other Expenses
Total Operating Expenses (B)

14
15
16
17
18
19

32,105,733
3,438,083
1,007,941
1,159,454
1,912,068
4,310,218
43,933,496

36,557,249
2,611,415
965,545
1,022,439
2,028,874
4,062,345
47,247,867

Profit before Provisions (A-B)

202,514,538

216,054,066

Operating Expenses

The annexed notes form an integral part of the Profit and Loss Account.

70

Jamuna Bank Limited

Cash Flow Statement (Islamic Banking)
For the year ended 31 December 2012
Notes

Particulars

31.12.2012
Taka

31.12.2011
Taka

Cash Flows from Operating Activities

Investment Income receipts
Profit paid of Deposits
Fee and Commission Receipts
Payments to Employees
Payments to Suppliers
Receipts from Other Operating Activities
Payments to Other Operating Activities
(i) Operating profit before changes in operating assets and liabilities

669,464,355
(459,303,473)
27,924,737
(32,105,733)
(2,167,394)
8,362,416
(8,063,697)
204,111,210

521,177,541
(317,338,812)
46,092,260
(36,557,249)
(1,987,984)
13,370,943
(7,399,105)
217,357,595

Investments to Customers
Other Assets
Deposit from Customers & Banks
Interest Payable to the Customers & Banks
Other Current Liabilities
(ii) Cash Received from Operating Assets and Liabilities

334,584,196
(295,222,213)
873,646,868
(679,004,262)
(120,194,706)
113,809,883

(219,077,364)
(505,771,549)
(831,221,323)
1,287,009,558
138,077,107
(130,983,571)

Net Cash from Operating Activities (A)=(i+ii)

317,921,093

20
21

Increase /Decrease in Operating Assets & Liabilities

86,374,024

Cash Flows from Investing Activities

Income Received from Investments
Proceeds from Sale of Securities (gain)
Payments for Purchase of Securities
Purchase of Property, Plant & Equipment
Adjustment for Property, Plant & Equipment
Net cash flow from Investing Activities (B)

(1,620,378)
(1,620,378)

(578,867)
(578,867)

(120,000,000)
(202,514,538)
(322,514,538)

120,000,000
(216,054,066)
(96,054,066)

Net Increase/ Decrease in Cash and Cash Equivalent (A+B+C)

(6,213,823)

(10,258,909)

Cash and Cash Equivalents at beginning year

Cash and Cash Equivalents at end of the period (*)

22,342,928
16,129,105

32,601,836
22,342,928

15,705,827
99,985
323,293
16,129,105

21,925,944
99,985
316,999
22,342,928

Cash Flows from Financing Activities

Payments for Borrowings
Profit transfer to Head Office
Net cash flow from Financing Activities ('C)

(*) Closing Cash & Cash Equivalent

Cash in Hand (including foreign currency)
Balance with Bangladesh Bank and its Agent Banks
Balance with Other Bank's and Financial Institutions

71

Jamuna Bank Limited

Notes to the Financial Statements (Islamic Banking)
For the year ended 31 December 2012
31.12.2012
Taka

31.12.2011
Taka

1. Cash in Hand
Local currency
Foreign currency

15,705,827
15,705,827

21,925,944
21,925,944

99,985
99,985

99,985
99,985

323,293
323,293

316,999
316,999

323,293

316,999

2,637,991,588
118,010,204
2,756,001,792

2,690,404,527
400,181,461
3,090,585,988

1,478,303,996
559,565,496
27,441,209
62,651,982
481,416,973
27,766,129
769,712
76,090
2,637,991,588

1,217,411,183
664,476,148
154,677,763
136,058,594
488,624,022
26,350,510
2,711,319
94,988
2,690,404,527

107,469,203
10,541,001
118,010,204

400,181,461
400,181,461

314,779,866
831,711,773
1,167,722,562
342,953,784
98,833,807
2,756,001,792

352,994,779
932,683,266
1,309,486,445
384,589,067
110,832,431
3,090,585,988

2. Balance with Bangladesh Bank and its Agent Bank

Local currency
Foreign currency

3. Balance with Other Banks and Financial Institutions

In Bangladesh
Outside Bangladesh

(Note: 3.1)

3.1 In Bangladesh
In Short Term Deposit Account
Social Investment Bank Ltd.
4. Investments
Investment, Murabaha, Bai-Muazzal etc.
Bills Purchased

(Note: 4.1)
(Note: 4.2)

4.1 Investment, Murabaha, Bai-Muazzal etc.

Bai-Muazzal
MPI trust receipt
Murabaha
Quards
Hire Purchase
Small and Medium Enterprise
Lease finance
Shop finance scheme

4.2 Bills Purchased and Discounted

Payable in Bangladesh
Payable outside Bangladesh

4.3 Maturity-wise Classification of Investments

Repayable on demand
Not more than 3 months
Over 3 month but within 1 year
Over 1 year but within 5 years
More than 5 years

72

31.12.2012
Taka

31.12.2011
Taka

2,071,602,493
684,399,299
2,756,001,792

2,049,075,452
1,041,510,536
3,090,585,988

3,689,840
4,352,483
8,042,324

3,844,201
4,174,416
8,018,618

161,993
376,912
22,545,803
45,400
892,901,775
5,000
275,699
916,312,582

159,184
738,496
106,828,374
45,400
513,150,244
10,000
158,670
621,090,369

267,749
7,950
275,699

158,670
158,670

161,993
376,912
22,545,803
45,400
892,901,775
5,000
267,749
7,950
916,312,582

159,184
738,496
106,828,374
45,400
513,150,244
10,000
158,670
621,090,369

234,899,794
12,890,425
128,323,481
1,601,173,490
997,917,241
579,785,772
2,393
3,554,992,595

247,712,280
15,917,584
168,315,353
2,120,800,975
266,509,553
540,854,642
239,602
3,360,349,989

4.4 Geographical Location wise Investments

a) Urban
Dhaka Division
Chittagong Division

in %
75.17%
24.83%
100%

5. Fixed Assets including Premises, Furniture & Fixture

Furniture & Fixture
Equipments & Machineries
Details are shown in Annexure - E
6. Other Assets
ii)
iii)
iv)
v)
vi)
vii)
ix)

Stationery, Stamps, Printing materials in stock etc.

Advance Rent
Profit Receivable
Security deposit
Branch adjustment
Suspense account
Others

(Note: 6.1)
(Note: 6.2)

6.1 Suspense's Account

Amount of Suspense's Account represents advances payments against various contracts.
6.2 Others
Advance against insurance premium
Misc. Asset

6.3 Non-income Generating Classification of Other Assets

Stationery, Stamps, Printing materials in stock, etc.
Advance Rent
Interest receivable
Security deposit
Branch adjustment
Suspense account
Advance against insurance premium
Misc. Asset

7. Deposits and Other Accounts

Al- Wadiah Current Accounts and other Accounts
Bills Payable
Mudaraba Savings Bank Deposits
Mudaraba Term Deposits
Mudaraba Short Notice Deposits
Deposit Under special Scheme
Foreign Currency Deposit

(Note: 7.2)
(Note: 7.3)

73

31.12.2012
Taka

31.12.2011
Taka

913,794,072
2,641,198,524
3,554,992,595

40,147,204
3,320,202,785
3,360,349,989

92,041,002
101,516,448
41,342,344
234,899,794

94,487,760
99,459,094
53,765,426
247,712,280

1,600
12,888,825
12,890,425

2,000
15,915,584
15,917,584

533,248,889
391,049,185
1,421,997,038
391,049,185
355,499,260
462,149,037
3,554,992,595

504,052,498
369,638,499
1,344,139,996
369,638,499
336,034,999
436,845,499
3,360,349,989

6,089,646
134,374,355
1,029,207
141,493,208

260,798,096
889,818
261,687,913

6,089,646
6,089,646
6,089,646
6,089,646

103,715

7.1 As per following segregation

Inter Bank Deposits
Other Deposits

7.2 Al- Wadiah Current Accounts and Other Accounts

Current deposit
Sundry deposit
Profit Payable

7.3 Bills Payable

DD payable
P.O issued

7.4 Maturity Grouping of Deposit and Other Accounts

Repayable on demand
Repayable within 1 month
Over 1 month but within 6 months
Over 6 months but within 1 year
Over 1 year but within 5 years
Over 5 years but within 10 years

8. Other Liabilities
Interest suspense account
Accrued profit on investment
Adjusting account credit

(Note: 8.1)

8.1 Interest Suspense Account

Balance at the beginning of the year
Add: Amount transferred during the year
Less: Amount recovered/adjustment during the year
Less: Amount written off during the year

2012
Taka

9. Profit & Loss Account

103,715
103,715
2011
Taka

Income
Profit, discount and similar income
Fess, Commission and Brokerage
Gain arising from dealing in foreign currencies
Other Operating Income

(Note: 10)
(Note: 9.1)
(Note: 9.2)
(Note: 13)

74

669,464,355
18,607,763
9,316,975
8,362,416
705,751,508

521,177,541
33,698,554
12,393,706
13,370,943
580,640,745

2012
Taka

2011
Taka

Expenses
Profit and similar expenses
Administrative expenses
Other operating Expenses
Depreciation on banking assets

(Note: 11)
(Note: 9.3)
(Note: 18)

Profit before tax & provision

459,303,473
38,066,909
4,310,218
1,556,370
503,236,969

317,338,812
41,881,993
4,062,345
1,303,529
364,586,679

202,514,538

216,054,066

18,607,763
18,607,763

33,698,554
33,698,554

9,071,047
245,928
9,316,975

3,618,034
8,775,671
12,393,706

32,105,733
3,438,083
1,007,941
1,159,454
355,698
38,066,909

36,557,249
2,611,415
965,545
1,022,439
725,345
41,881,993

467,421,347
6,294
467,427,641
202,036,714
669,464,355

439,184,231
3,005
439,187,236
81,990,305
521,177,541

159,323,312
40,819,776
556,690
92,104,053
2,299,772
2,029,262
47,690,651
81,529
23,930,841
19,282,807
2,676,992
76,625,661
467,421,347

144,877,926
29,634,437
3,689,892
113,758,889
2,138,589
42,497,307
281,299
14,138,245
15,550,473
3,933,906
68,683,267
439,184,231

9.1 Commission & Brokerage Income

Commission
Brokerage

9.2 Exchange Gain

On foreign currency/ other Exchange
On foreign currency dealing

9.3 Administrative Expenses

Salary and allowances
Rent, taxes, insurance, electricity, etc.
Postage, stamps, telecommunication, etc.
Stationery, Printings, Advertisements, etc.
Repairs and maintenance of bank's assets

10. Investment Income

Profit on Investment
Profit on deposit to other bank / Financial Inst.

(Note: 10.1)

Profit received on JBL General account

10.1 Profit on Investment (Loan & Advances)

Profit on Bai-Muazzal (General/Com.)
Profit on Bai-Muazzal (others)
Profit on Past Due Bills
MPI Trust Receipt
Profit on Murabaha (Import)
Profit on ABP
Profit on local document bill purchased (LDBP)
Profit on Foreign document bill purchased (FDBP)
Quards against MTDR/ Others
Profit on PAD/MIB
Profit on SME Flexible Working Capital
Profit on Hire Purchase

75

2012
Taka

2011
Taka

11. Interest paid on Deposit & Borrowings etc

Interest paid on deposits
Interest paid on borrowing from BB

(Note: 11.1)

Profit paid on JBL General account

457,232,362
2,071,111
459,303,473
459,303,473

315,607,978
1,470,833
317,078,812
260,000
317,338,812

7,840,013
132,695,111
257,838,037
58,859,200
457,232,362

5,827,843
6,969,668
250,941,299
51,869,168
315,607,978

18,607,763
9,316,975
27,924,737

33,698,554
12,393,706
46,092,260

31,255
16,600
4,423,586
36,740
1,844,014
46,100
1,080,555
284,333
599,232
8,362,416

6,753
5,500
920,940
3,037,084
26,725
2,365,425
253,000
1,052,650
403,594
5,299,273
13,370,943

15,268,463
15,504,470
1,332,800
32,105,733

17,371,807
17,805,942
1,379,500
36,557,249

1,783,854
379,433
949,288
87,021
238,487
3,438,083

1,523,216
353,053
519,966
80,533
134,647
2,611,415

379,433

353,053

11.1 Profit Paid on Deposits

Profit
Profit
Profit
Profit

paid
paid
paid
paid

on Mudaraba Savings Deposit

on Mudaraba Short Notice Deposit
on Mudarba Term Deposit
on Scheme Deposit

12. Commission, Exchange & Brokerage Income

Commission
Exchange gain

(Note: 9.2)

13. Other Operating Income

Charges on account closing
Charges on clearing returned
Relationship fees
Service charge
Postage charges recovery
Telephone, telex & e-mail
Courier service
Documentation/ Processing Charge
Cheque Issuence Fees
Other receipts

14. Salary and Allowances

Basic Salary
Allowances
Salary Casual Staff

15. Rent, Taxes, Insurance, Electricity, etc.

Rent
Insurance expenses
Electricity bill
WASA & Gas Bill
Generator fuel

(Note: 15.1)

15.1 Insurance Expenses

On Cash on transit, Cash in safe & Cash on counter

76

2012
Taka

2011
Taka

16. Postage, Stamps, Telecommunication etc.

Postage Charges
Online/ VSAT Charges
Fax, Telex & Internet charges
Tele communication

55,322
709,234
36,152
207,232
1,007,941

198,896
453,274
76,545
236,829
965,545

331,018
270,797
351,008
71,600
101,031
34,000
1,159,454

323,076
322,110
101,662
34,582
29,050
143,959
68,000
1,022,439

355,698
1,556,370
1,912,068

725,345
1,303,529
2,028,874

1,570,905
346,336
1,281,895
11,233
13,000
228,538
195,484
33,210
197,528
69,649
3,490
19,761
188,600
40,302
110,287
4,310,218

1,300,207
355,227
1,473,369
12,905
223,380
138,770
37,220
168,444
82,036
7,605
25,160
152,532
3,005
82,485
4,062,345

31,255
16,600
4,423,586
36,740
1,844,014
46,100
1,080,555
284,333
599,232
8,362,416

6,753
5,500
920,940
3,037,084
26,725
2,365,425
253,000
1,052,650
403,594
5,299,273
13,370,943

17. Stationery, Printing and Advertisements etc.

Office stationery
Printing stationery
Security stationery
Computer paper
Publicity & advertisement
Ribbon, Diskette, Cable etc.
Software maintenance

18. Depreciation and Repairs and Maintenance of Assets

Repair, renovation & maintenance
Depreciation

19. Other Expenses

Security & cleaning services
Entertainment
Car expenses
Books, newspaper & magazine
Donation
Traveling expenses
Conveyance, labour charges
Liveries and uniform
Business development
Drinking Water
Sanitation & cleaning
Photograph & photocopy
Cash carrying / remit. charge
Bank Charges
Write off of fixed assets
Sundry expenses

20. Receipt from Other Operating Activities

Charges on account closing
Charges on clearing returned
Relationtion fees
Service charge
Postage charges recovery
Telephone, telex & e-mail
Courier service
Documentation/ Processing Charge
Cheque Issuance Fees
Other receipts

77

2012
Taka

2011
Taka

1,783,854
379,433
949,288
87,021
238,487
355,698
1,570,905
346,336
1,281,895
11,233
13,000
228,538
195,484
33,210
197,528
69,649
3,490
19,761
188,600
110,287
8,063,697

1,523,216
353,053
519,966
80,533
134,647
725,345
1,300,207
355,227
1,473,369
12,905
223,380
138,770
37,220
168,444
82,036
7,605
25,160
152,532
3,005
82,485
7,399,105

21. Payment to Other Operating Activities

Rent
Insurance expenses
Electricity bill
WASA & Gas Bill
Generator fuel
Repair, renovation & maintenance
Security & cleaning services
Entertainment
Car expenses
Books, newspaper & magazine
Donation
Traveling expenses
Conveyance, labour charges
Liveries and uniform
Business development
Drinking Water
Sanitation & cleaning
Photograph & photocopy
Cash carrying / remit. charge
Bank Charges
Sundry expenses

(Note: 15.1)

78

Annexure-E

Jamuna Bank Limited

Schedule of Fixed Assets (Islamic Banking)
As at 31 December 2012
COST
Particulars

Balance as on
01.01.12

Addition during
the period

Land & Building

Furniture & Fixture
Equipment & Machinery
As on 31.12.2012

7,406,850
9,421,561
16,828,411

398,708
1,221,670
1,620,378

As on 31.12.2011

16,249,544

578,867

DEPRECIATION
Adjustment

Balance as on
31.12.12

40,302
40,302

7,805,558
10,602,929
18,408,487

16,828,411

79

Dep.
Rate
0%
10%
15%

Balance as on
01.01.12

Charged during
the period

Adjustment

Balance as on
31.12.12

Written down
as on 31.12.12

3,562,649
5,247,145
8,809,793

553,069
1,003,301
1,556,370

4,115,718
6,250,446
10,366,163

3,689,840
4,352,483
8,042,324

7,506,264

1,303,529

8,809,793

8,018,618