Export Import Bank of Bangladesh LimitedShariah Based Islami Bank

Consolidated Financial Statements (Un-audited)

as at 30 September 2019

EXPORT IMPORT BANK OF BANGI-ADESH LIMITEDConsolidated Balance Sheet (Un-audited)

as at 30 September 2019

2079

TakaDecember 2018

TakaPROPERTY & ASSETSCashIn hand (including foreign currencies)

Balancc with Bangladesh Ilank and its Agent Banks (includingforeign currcncies)

Balance with other banks and financial institutionsIn Bangladesh

Outside Bangladesh

Placement with other banks & financial iastitutions

Investrnents in shares and securitiesGovernmentOthers

InvestmentsGeneral investments etc.

Bills purchased and discounted

Fixed assets including premises

Other assets

Non-banking assetsTotal property and assets

LIABILITIES & CAPITAI

LiabilitiesPlacement from other banks & fmancial institutions

Deposits and other accountsMudaraba savings deposits

Mudaraba term deposits

Other Mudaraba Deposits

AI wadeeah current and other deposit accounts

Bills payable

Mudaraba Subordinated Bond

Other liabilities

Total liabilities

Capital/shareholders' equityPaid up capital

Statutory resen'c

Other resen'es

Iiorcign currency translation adjustment

Retarned eainings

EXIM Bank Shareholdere' EquityNon-controlling Interest

Total shareholders' equityTotal liabilities and shareholders' equity

Off balance sheet itemsContingent liabilities:Acceptance and endorsements

ktters of guarantee

Irevocable letters ofcredit (including Back to Back Bills)

Bills for collection

Other contingent liabihties

Total contingent liabilitiesOthcr commitments

Total off balance sheet items inctuding contingent liabilities

____40u 36J4!&_ ___-_I$19p6t91_

13,466,051,923 18,383,739,831

2,315,665,458

36,427,958,457

38,743,623,975

1,370,555,677

2,717,167,957

4,087,723,634

3,247,737,562

1

4,893,945,14?

1 5,014,051,038

1 3,086,602,313

28,100,653,351

1i,014,051,038

1 .r,01 0,r)1.16,881

24,024,737,979

31 6,609,875,480

12,195,762,494

328,805,637,974

5,540,815,736

2,657,559,552

289,777,137,949

16,487,432,812

306,264,570,761

5,488,292,497

2,507,220,846

24,794,505,454

168,194,177,551

117,246,728,460

29,603,262,70)

110,165,432

342,549,439,606

5,500,000,000

18,993,506,736

22,442,233,961

158,090,736,242

88,237,178,390

29,849,473,858

1,757,789

300,378,072,279

6,000,000,000

78,s32,016,782

380,508,998,265 343,293,768,892

11,122,510,(ttll

9,939,285522

2,130,546,666

(7

1,242,213,119

27,426,910,423

105,474

27,427,075,89?

_____407_g5wp_

14,122,510,680

9,720,951,493

2,130,546,666

(7,231921)

416,243

28,276,793,767

105,152

28,216,298,673

____-iru1!Jq1!9!_

42,615,213,118

7,07 4,949,099

29,924,038,133

4,401,199,417

84,075,399,767

43,760,439,781

6,264,994,418

33,033,930,332

3,113,734,472

86,

84,015,399,767 86,773,099.003

Chairman

/r,r,/dril"*lyl;*d

EXPORT IMPORT BANK OF BANGI.ADESH LIMITEDConsolidated Profit and Loss Account (Un-audited)

for the period ended 30 September 2019

Particulars

Investment incomeProfit paid on deposits, borrowings, ctc.Net investment income

Income from investmcnt in shares/securities

Commission, cxchangc and br<lkerage

Gain on sale of investment in shares

Other operating incomeTotal operating income (A)

Operating expensesSalaries and allowancesRent, taxes, insurancc, electricity etc.

Legal expenscs

Postage, stamp, telegram, telephone ctc.

Auditors fees

Stationery, printing, advcrtisemcnt, etc.

Chicf Exccutivc's salary and fecs

Directors' fecs and cxpcnscs

Shariah Supervisory Oommittee's Fees & Expenses

Charges on Invcstment l-osses

Depreciation on and repairs to Bank's propertyZakat expenscs

Other expenscs

Total operating expenses (B)Profit before provisions (C=A-B)Pror.ision for invcstmeots and Off-Balancc Shect Exposures

Provision frrr other assets

Provision for diminution in value of shares

Total Provision (D)Profit/(loss) before taxes (C-D)Provision for taxation:Currcnt tax

Deferrcd tax cxpcnse/ (benefi t)

Profit/(loss) after taxRctaincd earnings brought forwardProfit available for appropriationAppropriations:Statutory reservc

Cash I)ividend

Retained earnings carried forward

Export Import l3ank of lSangladesh I-imitedNon-controlling Intercst

Consolidated Earnings per ordinary share

4,135,830,597

518,371,169

I ,61 8,348,1 17

8,342,603

528,450,1 1 3

1,129,299,35t

284,204,1,58

523,807,210

1,,7 66,958124,1,12,1.94

1,154,090,036

122,283,829

562,556,795

4,055,426129,01.5,020

f-t;-'+48 I f-,-lE3c8q I

I tz.szr,,:sqr | | z. r z:,;:s I

l----Bs616r'l| (+,2:q,s+otl

79,329,78Lt58,326,354

2,51,5,747,838

____?,93!,91!p_

[---=m264l| 1,765,313,83s I

1,803,932,099

_87qJ_J-!-_

r-*ry]970,142,093

0.11

l- 48xr s3.rr;l| (ro,zsz,rrz,l

472,396,863

622,775,3012,250,022,931

_?,912,123@_

fzJJ3lpze lI r ,+r z,:s r ,oos I

1,630,585,097

__!L22r391_

a :2q-rtTT,lle1I ::l1,242,2L3,141

0.44

20,607,189 17,575,417

(171,951,039) (23,402,745)2,250,022,937 2,515,747,838

_392!Et!2!_ __2,!22,t!5M_

Tli-Js4Jroilf tJ -ir3.os5 jlI r,+rz,zsr,or,g ll r.zos,lE,g:s I

1,383,696,878 1,,759,920,790

__6e!fi5@_ __JZp!#._

[0*]'ma:m694,375,020 732,424,313

(0.t2)

I-J-'$.p, r0El I- J."-s"p.r0181 ll"t-6 r0rrl l-J"LS.p, 1018lTaka Taka Taka Taka

l-* 47 s 4 o J ol f- t \tl,z6s 4V d -ful,u 4,ori1 l- 6 243 pos.a s1

I f:t,to.zzt.:q:rll (r+,zoo,szr,s+orl l (o.oos.s++.2++rl l (s,osq,rzs.osqtl4,357,316,967

975,422,100

1,560,369,482

9,687,107

496,986,017

99Jn,673 6,869J48"599 ',06324r,871

1p=riFdlJ06-

1,124,458,603 4,121,845,260

2,386,412,256

432,472,842

17 ,1,71,,613

63,974,218

179,996

150,441,183

14,054,6401,204,1,1,5

444,500

1 85,606,31 41 87,500,000

2,532,555,511,

491,511,911

14,653,567

66,788,320

245,072

168,076,304

15,185,2311,805,199

366,530

187,964,104

336,717,057

608,589,797

91,0,029,255

1,70,395,721

6,246,468

20,496,065

105,232

55,885,739

4,882,271,

476,000

68,400

66,030,837

27 4,019,005

880,534,1 02

1 35,788,813

4,417,231,

21,171,434

58,950

48,041,835

4,486,1.79

202,315

73,800

61,458,696

1 87,500,000

261,,27\3301,605,012,685

Chairman

Director & CFOtu/ -Co6panf t .I9t-

2

EXPORT IMPORT BANK OF BANGLADESH LIMITEDConsolidated Cash Flow Statement (Un-audited)

for the period ended 30 September 2019

ParticularsA) Cash flows from operating activities

Invcstmcnt incomc rcceipts

Profit pard on deposits, borrou,ings, ctc.

Dividend receipts

I;ees and commission receipts

Cash payment to emplovees

Cash payment to supphcrs

Income tax pavmeflts

Rcceipts from othcr operatlng activitics

l)ayments for othcr opcranng activincs

Cash flous before cbanges in operating assets and liabilities

Changes in operating assets and liabilities:(Increase)/decrease in operating assets

Statutory dcpositTrading securiry - shares

Investmcnts to othcr banks

Investments to customers

Other assets

Increase/(dectease) in opetating liabilitiesl)eposits from other banks

Dcposits from customcrs

l-rabihties ()n account of customcrs

1'radrng liabilines @orrowing)Other liabilitics

Net casb from operating dctioities

B) Cash flows from investing activities:Receipts from salc of securities - BGIIBPayment for purchasc of securities

Purchase of fixed asscts

Sale procecds of fixed assets

l)urchase of Subsidiaries

Net cash from inoesting actioities

C) Cash flows from financing activitiesRcceipts frt>m issuc of Debt Instruments

P:ryment for redemption of Debt Instruments

llcceipts from issuc ofordrrarv sharc/Rights share

Dividend pard in cash

Non-controllng invcstment rn subsidiaries

Net casb ftom findncing dctioities

D) Net increase/(decrease) in cash and cash equivalents (A+B+C)

E) Effect ofExchange 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 equivalents(lash

Balance wrth other banks and financial insurutions

TJ---J-ptrolr_l I- J."-s"ttro1s ITaka

22,840,897,350

(14,666,786,019)

452,046,956

1,560,369,482

(2,s47,7 40,7 42)

453,875

(1,585,211,627)

503,499,544

1,714,157,12

4,843,371,094

81,2$,;45

(24,007 ,797 ,7 56)

32,784,01,2

2,002,591,,313

36,857,292,041

(4,917,687,908)

831,673,835

10,880,098,785

Ttkt

fi-rpl4J?8srilI rrz,rzo.s+o.o+llI :lsJoo.qot I

I r.oia.r+s.r rz I

| 2.+oot.+et.allotl

I eltsrsoDl| (r,orq,zrz,o:sll

I s:0,+rr,oez'l

I tr,sro,o:2,+zg)l3,584,880,119

[,,jjmI c,szs.+z:,ss: I

I o,,or,orr,o, I

I rz,ro:,:r s,aor r

I

| ,r,,rr,, r3,32s I

I r.ozz,: rc,oor I

(75,995,949,764)

(12,41t,069,645)

I r,ooopoopoo I

| ,"'''*'"rl|

2,r14.2s1

|

884,927,296

[.,*T;l| 1,,rur,, , .,,r.,r1 |

(2,265,313,835)

[Ir:-J-)r/s6J84il

| .r,rrr,l| 39,295,851,753 |

___4,503,698,4n

l--r1| +,qzqlsoJil

|

___25,503$98,437_

15J?3,46r,n9

r---- I| ,o.ooo.ooo.ooo,l

I rzrs,rr,oa+ilI e ,zzt,za,) |

(4,211,909,795)

[;@| 1 , ,u, ,,r, , ,ourl I

(1,972,251,068)

re3oe.or6l| ,,,,,,, I

I ss,zst,a+s,+gz I

----a,P1,ll1-W-

f:e,7a3,6r3,ersl| +,osz.zz:.0:+

|

___42,83134754'9_

r'*9

NDirector &

Chairman

'Wft/04

3

EXPORT IMPORT BANK OF BANGI-ADESH LIMITEDConsolidated Statement of Changes in Equity (Un-audited)

for thc pcriod cndcd 30 September 2019

Particulars Paid up capital

Taka

Statutoryreserye

Taka

Revaluationreserve of Fixed

AssetsTaka

General/Otherreserue*

Taka

RevaluationGain/(loss) on

InvestmentTaka

Foreign currencytranslationgain/(loss)

Ttkt

Rctainedeamings

Taka

Non-controllingInterest

Taka

Total

TakaBalancc at 1 ]anuary 2019

Changcs in accounting policies

14,122,510,680 9,720,951,493 2,O67 ,711 ,66(t (t2,7l5,OOO Q,26',8,14s) 1(t,224 2,249,416,243 105,452 28,216,298,613

Restated Balance

Surplus/(Deficit) on Account of Rcvaluation Propcrties

Surplus/peficit) on Account of Revaluation oflnvestment

Currency translation differcncc

74,122,570,680 9,720,957,493 2,067,777,666 62,775,000 (7,268,14s)

(161,444)

36,224 2,249,416,243

(52,tr9) 6o6,(t94

105,452 28,216,298,613

(361,444)

554,495

Net Gain and Ilsses not recognized in the incomestatement

Nct Profit for the period

Stock Dividend paid during thc pcriodCash Dividend paid during thc pcriod'fransfcrred to statutory rcscrvc

Non-controlling interest

(361,444) (s2,1ee) 606,6e4 193,051

622,775,301

(1,412,251,061a\,

218,334,02<)

622,775,nl

(1,412,251,068)

(218,334,029)

(22) 22

Tod s|irEhord.d Equig .. .i 30 Scpamr,.r ,19 11,1:t,,lto,6u 9,93,,N,t22 \067:171\66 62,775,@0 (?,6rJ89) (ls,rs) 1242,27r,119 105,4?a 27,4It,075,st

aobl ShiElbld.E Equity a..t 30 S.ptmb.r 2013 11,1,,,J10,6$ e,924n9l,170 2,M1,171566 62,775,N' (4J@,512, 2,O1 &0!139!OOO 701\426 2EO1,5e4114

*Gcneral Reserue/Othcr Reserve 30 Sept 2019 30 Sept 2018

Ocncral Rcsen-c

Dividcnd Equalization Accounr 62,175,000 62,775,OOO

Iotal 62,775,000 62,775,000

Chairman

4

PROPERTY & ASSETSCashin hand (including foreign currencies)

Balance rvith llangladesh Bank and its .\gent Banks (mcluding foreign cuaercics)

Balance with other banks and financial institutionsIn Bangladesh

Outside Bangladesh

Placement with other banks & frnancial institutions

Investments in shares and securitiesGovemmentOthers

InveetrnentsGeneral investments etc.

Bills purchased and discounted

Fixed assets including premisesOther assets

Non-banking assets

Total property and assets

LIABILITIES & CAPITAL

LiabilitiesPlacement from other banks & financial institutions

Deposits and other accomtsMudaraba sar-ings deposits

Mudaraba term deposits

Other N{udaraba Deposits

Al rvadcrah currcnt and other dcposit accounts

Bills payable

Mudaraba Subordinated Bond

Other liabilitiesTotal liabilities

Capital/shareholders' equityPaid up capital

Statutory resen'e

Other resen'es

Retained earnings

Total shareholders' equityTotal liabilities and shareholders' equity

Offbalance sheet items

Contingent liabilities:Acceptance and endorsements

ktters of guarantee

Irrevocable letters ofcredit (including Back to Back Bills)

Bills for collcctionOther contingent liabilities

Total contingent liabilitiesOther comitmentsTotal off balance sheet items including c6ntingent liabilities

f-S-jJ--b-r01, I f D*"*b*r018-lTaka

1,881,675,202

27,954,516

1 1,014,051,038

1 1,756

24,530,322,'.194

288,548,642,301

16,487,432,812

30s,036,0?s,119

5,485,809,411

2,143,600,905

____4lJ!21!ZJ!i_ _____3ry221_p2&_

28,372,629,778

a--- 3,2+1J=:i,s(,r1

I t.cq,:n.no I

4,888,954,638

18,383,739,831

22,442,233,961

158,382,767,965

88,358,653,1 96

29,850,558,61 3

1.752.410.915

300,786,624,650

6,000,000,000

17,686,362,909342,856,72?,390

EXPORT IMPORT BANK OF BANGI-ADESH LIMITEDBalance Sheet (Un-audited)

as at 30 Septernber 2019

Trka

l- ,,rrt,tr,,*1I v.+n,qs,a.+st I

38,721,078,491

fi-- rr,-ss5-r-/,zzl

I z,r,.rs.t,,(,.,tzz I

4,008,656,554

fi-s- lsll4,o:r-{)ra lI r3.osz,qst,;zo I

28,672,009,814

f-rG-6d,rrilxlI nJes.toz.+r+ |

327,863,530,827

5,538,327,445

2,285,584,054

73,466,051,923

- ut,'l- u,lrti,so 1

I rca.rl+.zzz.ssr I

I rt,yz,tos,ouII zy,oo+,0+s,ozo I

I zJn jos.qtzl342,676202,131

5,500,000,000

18,096,592,103

379,738,846,157

f HJrEror8o-l| ,:x9,zas,szz|I zJxt,s+e ,eee I

I r,rsz,gra,roo I

I- lrAszr.lJ rtt II J:;}:il:lr l

| +,+,,t,ty,.,,+tu I

84,075,399,767

____9!Np2t67_

14,122,510,680

9,120,951,493

2,130,546,666

27,350,341,028 28,740,665,795

___lqgq2l87fli_ ____3up1_&;8s_

43,760,439,781

6,264,994,418

33,03.1,930,332

3,713,734,412

86,773,099,003

Manat

_____q{lz1929ql

Deputv Me6aging Director & CFO

Chairman

E

fu,,4r,&,4

EXPORT IMPORT BANK OF BANGI-ADESH LIMITEDProfit and Loss Account (Un-audited)for the period ended 30 Septembet 2019

2019

Taka2018

TakaJul-Sept 2019 ll Jul-Sept 2018

Taka -lakaParticulars

Investmcnt incomeProfit paid on dcposits, borrowings, etc.

Net investment incomeIncome from investment in shares/securities

Commission, exchange and brokerage

Gain on sale of investment in shares

Other operating incomeTotal operating income (A)

Operating expensesSalaries and allowances

Rent, taxes, insurance, elecrricin etc.

Legal expenses

Postage, stamp, telegram, telephone etc.

Auditors fees

Stationcry, printing, advertisement, etc.

Chief I-.lxecutive's salary and fees

Directors' fees and expenscs

Shariah Supervisory Committee's F'ees & llxpensesCharges on Investment Losses

Deprcciation on and repairs to Rank's propcrtv

Zakat cxpenses

Other expcnscsTotal operating expenses (B)Profit before provisions (C=A-B)Provision for invcstments and CXf-Balance Sheet Exposures

I)rovision for other assets

Provision for diminution in value of shares

Total Provision (D)Ptofit/(loss) before taxes (C-D)Provision for taxation:Current tax

I)eferrcd tax cxpcnse/ (benefi t)

Profit/(loss) after taxRetained earnings brought fonvard

Profit available for appropriation

Apptopriations:Starutory reserve

Cash Dividend

Retained eamings carried forwardEamings per ordinary share

22,350,762,616

17,999,630,

4,351,r32,008

969,639,800

1 ,541 ,406,7 49

18,828,193,944

14,725,544

4,702,649,921

573,661,734

1,597 ,232,993

2,381 ,018,884422,842,803

17,064,470

63,515,950

5,0001,50,121,025

14,054,6401,130,515

444,500

185,41,4,036

1 87,500,000675,1,32,386

2.702.938.522't,480,295,625

0 01,s93,7

1 .1 31 .145.31 1

486,500,374

16,757,1,

70,000,000'.4,239

127,337,758

2,415,217,840

38,618,264

1,,765,31,3

(164,859,075) (34,088,004)

2,166,656,356 2,475,241,840

l- (r8ss4,'rolTlsJ%pslnI l ,4 r 2,2s l ,068 ll l ,765,31 3.83s I

1,630,585,097 7,803,932,099 1,383,696,979 1,759,920,7901,1s7.998.160 798,646.899 618,100.403 681,239.056

6':44-__Ttrt_ro-12i------70-':07

-fi. [-,,:jil14tr]I

| (6.608,544.744)ll (s.r),)s.,i25,iill)l

1,132,680,955 1,142,515,227

282,539,608 121,586,330

51,7,999,518 555,478,672

4e6,88s,;02 s27,6e8,;s3 p4,ti2,;je ee,1t6.;667,359,063,559 6,801,242,737 2,057,392,160 1,949,696,599

2,521,343,919481,878,247

1,4,575,821

66,487,170

50,000

161 ,881,7251,5,1,85,231

1,669,199

366,530

187,638,076

336,711 ,057601,449,469

4,401,242,510 4,098,304,209 1,668,130,714 1,596,956,116

I- ro8-Jrr2 | ol l- 8?8,?{J-f 3 J4lI ro;,:rr,rrall r32,s6e,788

1

| ''iiffii

ll 't,ii,l

I ot,r.r,ort ll 6r,3e0.8e3 |I zz+orqoos ll l87.soo.ooo I

I rc+.ros,scs ll zsg,s+s,qro I

389,261,446 357,840,473

I-rftI.lI rrz,+;;.r rs ll rzs,:s:.:+r, I

1,866,150,906 2,509,847,204 532,032,396 378,805,749

1,091,670,143 193,091,318 (142,770,950) (26,965,276)

[-r4,60il841|-spooooq| (2,s20,25e)ll 2.122;728 |

469,743,242 65,760,160 22,088,L25 7,122,729

621,926,901

2,166,656,356

21.8,334,029

1,412,251,

,J88,583257 2,602,578,998 ',0UJ97281 ',441,159,836

:"r{v""{s"ySt

b

EXPORT IMPORT BANK OF BANGLADESH LIMITEDCash Flow Statement (Un-audited)

for the period ended 30 September 2019

Jan-Scpt 2019

TakaJan-Sept 2018

TzkaParticularsA) Cash flows from operating activitiesInvcstment income receipts

Profit pard on dcposits, borrorvings, ctc.

Dividcnd receipts

Fees and commission receipts

Cash payment to employees

Cash payment to suppliers

Income tax payments

Receipts from othcr operaung acur iues

Payments for other opcradng actiuucs

Cash flows before cbanges in operating asser and liabilities

Changes in operating assets and liabilities:(Increase)/decrease in operating assets

Statutory deposit

Ttading security - sharcs

Investments to othcr banks

Investments to customers

Other assets

Increase/(decrease) in operating liabilitiesDeposits from othcr banks

Deposits from customcrs

Liabilines ofl account ofcustomersTrading tiabiliues @orrorving)Other liabilitics

Net cdsb from operdting dctioities

B) Cash flows from investing activities:Receipts from sale of secutities - BGIIBPayment for purchase of securides

Purchase of fixed assets

Sale proceeds of fixed assets

Purchase of Subsidianes

Net casb from inaesting activities

C) Cash flows from financing activitiesReccipts from issue of Debt lnstruments

Paymcnt for redcmpdon of Dcbt Iflstruments

lleccipts from issue ofOtdinary Share/Rights Shate

Dir-idend pard in Cash

Net casb from findrrcing dctioities

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 year

G) Cash and cash equivalents at end of the period (D+E+F)

H) Cash and cash equivalentsCash

Balancc with other banks and financial instituuons

22,844,119,257

(i 4,688,086,635)

446,264,656

1,541,406,7 49

(2,542,529,210)

453,875

(1,s70,98e,372)

493,717,422

1,696,419,19

4,827,877,550

19,019,r18,092

(12,395,660,21

320,990,972

1,597,232,993

Q,39s,073,s2(2,21

(1,601,099,6

527,319,054

595,01

3,532,8Li,038

16.071,;60

(24,294,186,251)

647,139,569

2,002,591,313

36,575,442,195

(4,917 ,687,908)794,138,191

(4,000,000,000)

(21 7,801,8s1)

6,223,289

(500,000,000)

7,412,257,0

38,121,018,491

4.008.656.554

(694,s38,5

(36,607,454,;

9,933,176,237

6,102,685,092

Q,899,471,731

12,159,113,325

7,029,404,701

1,000,000,000

(90,81 1,1 9

2,714,251

(s00,000.

1 1 3,835

21,060,607,084

414,115,004

t0,824,108,769 (15,977,084,921)

15,651,980,319 (12,444,277,883)

(4,2t1,578,562) 911,303,056

(1,912,257,068) (2,26s,373,835)

| ,r,rrr,oon,iro I

_____al Zefi!!4s_ _____4,47!lp{88_

_____421n J 35{4s_ _____2s,479n!88_

-)

ful*U/zzChairman

Deputy

7

EXPORT IMPORT BANK OF BANGI-ADESH LIMITEDStatement of Changes in Equity (Un-audited)

for the period ended 30 September 2019

ParticularsPaid up capital

Taka

Statutory reserue

Taka

Revaluation rcserue

of Fixed Assets

Taka

General/ OtherReserves*

Taka

Retained earnings

Ttkt

Total

TakaBalarcc at 1 January 2019

Changes in accounting policies

14,122,510,680 9,720,951,493 2,067 ,711 ,666 62,775,000 2,166,656,356 28,140,665,195

Restated Balance

Surplus/(l)chcit) ()o r\cc()unt of Rcr.aluation Propcrtics

Surplus/(l)cfic'it) on r\ccount of Rcr.aluati<>n of Inr.cstmmt

14,122,510,680 9,720,951,493 2,067,771,666 62,775,000 2,766,656,356 28,740,665,195

Net Gain and Losses not recognized in the income

Profit for the pcnod

Stock Dividcnd paid dunng the pcnod

Cash Dividcnd paid during the pcriod'l'ransferred to statutory resen'e 218,334,029

621,926,907 621,926,901

(1,412,251,068) (1,472,2s1,068"

(218,334,O29)

Iotal Shareholders Equity as at 30 September 2019 14,722,510,680 9,939,285,522 2,067,771,666 62,775,000 1,157,998,160 27,350,341,028

Total Shareholdcrs Equi6, as ar 30 Scptcmbcr 2018 14,122,510,680 8,924,08t770 2,067,777,666 62,775,000 798,646,899 25,975,786,075

(lcncral l{csen'c/()t}rcr I{cscn.e 30 Sept 2019 30 Scpt 2018

(icncral llescn c

l)ividend liqualization r\ccount 62,115,000 62,775,000

Total 62,775,000 62,775,000

56creta

Chairman

I

l

lI

I

8

Export Import Bank of Bangladesh Lirnited

Notes to the Financial StatementsFor the period ended 30 September 2019

1.0 Status of the Bank

1.01 Legal Form of the Bank

Export Import Bank of Bangladesh Limited was incorporated in Bangladesh on 02 June1999 as Banking Company under the Companies Act 1994. The Bank converted itsbanking operation into Islamic Banking based on Islamrc Shariah from traditional bankingoperation on 01 July 2004 after obtarning approval from Bangladesh Bank. The Bankwent for public issue of shares in the year 2004 and its shares are listed wrth Dhaka StockExchange and Chittagong Stock Exchange.

1.02 Nature of Business

The commercial banking acuvities of the Bank consist of services including mobilizingdeposits, providing investment facilities, discounting bills, conducting money transfer,

foreign exchange transactions and providing services hke safe keeping, issuing guarantees,

acceptances and letters of credit etc.

The Bank carries out its banking activities through 125 (One hundred rwenty five)

Branches operating as per Islamic Shariah in the country.

1.03 Subsidiaries

The subsidiary companies of the Bank namely EXIM Exchange Company pK) Ltd.,EXIM Exchange Company (Canada) Ltd., EXIM Finance (Hong Kong) Umited and

EXIM Islami Investment Ltd. (EIIL) are conducting specified services to the customers.

3 (Ihree) forergn subsidiaries are fully owned by the bank to help expediting remittance

flow in the country and to provide other financial services. EXIM Islami InvestmentUmited (EIIL), the only local subsidiary where Bank owns 99.99o/o shate with substantial

control and rest 0.07Yo is non-controlling interest. EXIM Islamr Investment Umited(EIIL) carries out merchant bankrng activities and conducts spectfied services to the

customers.

1.04 Off-shote Banking Unit

Off-shore Banking Units (OBUs) of Export Import Bank of Bangladesh Limited wereestabLished under the rules and guidelines of Bangladesh Bank. The Bank obtained Off-shore Banking Unit permission vide letter no. BRPD e3)744(lI8)/201,0-3861& BRPD

F-3)744(1,18)/2015-60i8 dated 31 August 2010 & 11 August 2015 respectively. Bankcommenced the Off-shore Banking Unit (OBU) services from Apnl 2012.Two Off-shoreBanking Units (OBUs) are located at Dhaka (Motijheel & Gulshan) and another one is ar

Chattogram. OBUs maintain separate accounts in US Dollar.

2.0 SignificantAccountingPolicies

2.01 Basis of preparation

The operations of Export Import Bank of Bangladesh Limited and its subsidiaries aregoverned in compliance with the des of Islamic Shariah. The consolidated financialstatements and the separate financial statements of the Bank have been prepared basically

Export Import Bank of Bangladesh Limited

Notes to the Financial StatementsFor the period ended 30 September 201.9

as per provisions of the "Guidelines for Islamic Banking" issued by Bangladesh Bankthrough BRPD Circular No. 15 dated 09 November 2009 with reference to the provisionsof the Bank Company Act, 1991 as amended up to 2018 & Bangladesh Bank's othercirculars/instructions and in accordance with International Financial Reporting Standards

(IFRS{ adopted in Bangladesh; the Companies Act, 1994; the Securities and ExchangeRules 1987; Dhaka and Chittagong Stock Exchanges' Listing Regulations and other laws

and rules applicable in Bangladesh.

In case the requirement of gurdelines and circulars issued by Bangladesh Bank differ withthose of other regulatory authorities and fi.nancial reporting standards, the guidelines and

circulars issued by Bangladesh Bank prevails.

Investment and Provision

Investments are stated in the Balance Sheet net off uneatned income. Provisions forinvestments are made as per instruc[ions contained in relevant Circulars of Bangladesh

Bank.

Provision for diminution in value of shates

Provision for investment in share

management and instructions from

2.04 Provision for corporate tax

Provision for current tax has been made in the accounts @ 37.50"/, as Per Finance Act20L9 of the accounting profit made by the Bank.

2.05 Off-balance sheet items

Off balance sheet items have been disclosed under contingent liabilities and other

commitments as per Bangladesh Bank guidelines. Provisions on off balance sheet items

have been made as pet Bangladesh Bank Circular.

2.06 Earnings per shate

Earnings per share (EPS) have been computed by dividing the basic earnings by the

number of Ordinary Shares being calculated as per IAS-33.

2.02

2.03

2.08

is made on the basis of period-end review by the

regulatory authorities.

Cash flow statement

Cash flow statement is prepared in accordance with IAS-7 "Cash Flow Statement" andthe cash flow from operating activities has been presented under direct method as

prescdbed by the Securities and Exchange Rules 1987.

Reporting period

These Financial Statements cover the period from 1 January 2019 to 30 Septemb er 2079.

2.07

10

Annexure - A

EXPORT IMPORT BANK OF BANGT.ADESH LIMITED

Disclosure related to quanerly financial statements (Solo & Consolidated basis)

as at and for the period ended 30 September 2019

a. Shareholders' equity

i) Issue ofshare capitalOut ofthe total issued, subscribed and fullv pard up capital ofthe Bank 3,138,750 ordinary shares ofTk.100/- each amoundng to Tk.313,875,000/- was

miscd through public offering of shares in the vear 2004. h the ycar 2006 bank raised Tk.571 ,252,500 / - thtough rights share offer at "l:2 sharcs of Tk.100/

each. In the year 2010 Bank further raised Tk.2,277,422,930/- through issuance ofrights shate at 1:2 shares ofTk.10/- each. The rest amount ofcapital

was taised by issuing of bonus share in different years.

;\mount in 'l aka

Solo Consolidated

Sept-2019 ll Sept-2018 Sept-2019 ll Sept-201s

ii) Detailed break-up ot composition of shareholders' equity

Paid-up capital (1,412,251,068 ordinary shares of 'l'k.10/- cach)

Share premium

Prefctence share capital

Statutory rescn'e

Asset rer,aluation resen'c

Dividend equalization account

Foreigm Curency translation adiustment

Non-controlling interest

Retained eamings

b, Calculation of Net Asset Value (NAV) per Share

Total Net Assct Valuc (A)

Number of ordinary share outstanding @)

Net Asset Value (NAY) per Share (A,/B)

c. Calculation of Basic and Diluted Eamings Per Share (EPS)

Calculation of Basic Eamings Per Share (BEPS)

Net profit aftcr tax (A)

Numbcr of ordinary shate outstanding (B)

Basic Earnings Per Share (BEPS) (A/B)

BEPS increascd due to increasc in operatrng income and dccrease in

Ptovisions for diminunon in value ofshares.

Calculation of Diluted Earnings Per Share (DEPS)

Net profit aftcr tax (A)

Number of share outstanding (B)

Diluted Earnings Per Share (DEPS) (A/B)

As there is no issue ofconr.ersion during the period, so Basic

Irarningn Per Share (Rlr),PS) and Dilutcd Iramings Pet Share (I)E,PS)

are same.

1,412,251,068 1,412,251,068 1.,41.2,257,068 7,412,251,,068

19.42 18.44

621,926,901 127,331,158 622,775,301 158,326,354

1,412,251,068 1,412,251,068 1,412,251,068 1,412,251,068

621.,926,901 1.21 ,331,,158

1.,412,251,068 1,112,251,068

14,122,510,680 14,122,510,680 74,122,570,680 14,722,510,680

9,939,285,522 8,924,081,710 9,939,285,522 8,924,081,770

2,067 ,771 ,666 2,067 ,171 ,666 2,067 ,771,666 2,061 ,77 1 ,666

62,175,000 62,775,000 62,775,000 62,175,000

- (1,645,s64)

- 105,47 4

(4,698,098)

704,426

19.37 18.39

1,157,998,160 198,616,899 1,242,213,719 870,139,000

__ 2_,3fr1!,0n_ __25!l s J86W._ __ 2?_,4n_,01s,8n_ __ g!4r,68!444_

27 ,350 ,341 ,028 25 ,9t 5 ,7 86 ,01 5 27 ,427 ,01 5 ,891 26 ,042,684 ,144

0.44 0.11

622,775,301 158,326,354

1,41,2,251,068 1,412,251,068

0.44 0.11

0.090.44

0.090.44

11

EXPORT IMPORT BANK OF BANGI-ADESH LIMITED

Disclosure related to quarterly financial statements (Solo & Consolidated basis)

as at and for the period ended 30 September 2019

d. Calculation of Net Operating Cash Flow Per Share (NOCFPS)

Net Operating Oash Florv (A)

Number of ordinary sharc outstanding (B)

Net Operating Cash Flow Per Share (NOCFPS) (A/B)

N(XIFPS increascd duc to incrcase in cesh flol s from opcranng

asscts and Liabilitrcs crxnparcd to thc prcvious pcriod.

e. Reconciliation ofnet profit with cash flow from operating activities

Profrt before provision & tax (A)

r\mount in -I'aka

Solo Consolidated

Sept-2019 ll Sept-2018 Sept-2019 ll Sept-2018

15,651,980,319 (12,444,211,883) 15,723,469,879 (12,411,069,645)

1,412,251,068 1,412,251,068 1,412,251,068 1,412,251,068

11.08 (8.81) 11.13 (8.79)

2,957,821,049 2,702,938,522 2,975,323,070 2,747,503,339

Adiustments of Non-Cash Items (B)

Depreciation

Net loss/(gain) on salc of fixed assets

Nomrnal value of bonus shatc

Total Non-Cash ltems (B)

Adjustments of accrued income/expenses (C)

(ncrease)/decrcase of proftt income reccivable on investmcnt

Increase/(decreasc) of profit payable on deposits

Incrcase/(dccreasc) ofaccrued c\penscs payablc & others

Total adjustments of accrued income/expenses (C)

Income tax payment (D)

Cash flow before changes in operating assets and liabilities (A+B+C+D)

127,140,177

3,311,543,973

453,875

48,504,971

2,329,883,805

(2.219.680\

139,633,927

3,311,543,973

453,875

48,504971

2,329,883,805

23,708,310

3,439,738,025 2,376,169,096 3,45L,631,775 2,402,097,086

(t,570,989,372) (1,601,099,634) (1,585,2L1,627) (7,619,777,638)

4,827,877,550 3,532,813,039 4,943,377,094 3,594,990,119

162,062,985

(3,002,457)

(1 s7,758,680)

759,486,046

4,770,593

(1 09,45 1,585)

762,389,013

(3,002,457

(1 57,758,680)

159,678,324

4,770,593

(109,451,5851

1,301,848 54,805,054 7,627,976 54,997,332

12