|
MERCANTILE BANK LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2011
|
|
|
|
Amount in Taka |
|
|
|
|
2011 |
|
2010 |
| A. |
Cash Flows from Operating Activities |
(47,904,378) |
|
1,254,326,787 |
|
|
|
Interest Received |
7,388,769,227 |
|
5,915,992,883 |
|
|
|
Interest Paid |
(6,021,831,291) |
|
(3,288,697,888) |
|
|
|
Fees and Commission Received |
744,016,176 |
|
629,216,027 |
|
|
|
Payment to the Employees |
(1,292,014,793) |
|
(932,982,480) |
|
|
|
Payment to Suppliers |
(124,064,567) |
|
(116,660,521) |
|
|
|
Income Tax Paid |
(742,779,130) |
|
(952,541,234) |
|
|
|
Received from other operating activities |
2,644,410,625 |
|
1,645,258,454 |
|
|
|
Exchange Gain |
695,000,785 |
|
571,832,085 |
|
|
|
Other Operating Income |
1,949,409,840 |
|
1,073,426,369 |
|
|
|
Payment for other operating activities |
(1,053,930,303) |
|
(779,780,338) |
|
|
|
Rent, Taxes, Insurances and Electricity |
(281,873,775) |
|
(230,052,874) |
|
|
|
Legal Expenses |
(10,249,884) |
|
(14,559,219) |
|
|
|
Postage, Stamps and Telecommunication |
(61,816,538) |
|
(50,082,585) |
|
|
|
Auditors' Fees |
(750,000) |
|
(750,000) |
|
|
|
Repair and Maintenance |
(31,714,455) |
|
(21,027,806) |
|
|
|
Chief Executive's Salary and Fees |
(6,300,000) |
|
(4,627,258) |
|
|
|
Directors' Fees |
(2,725,000) |
|
(4,046,250) |
|
|
|
Other Expenses |
(658,500,651) |
|
(454,634,346) |
|
Operating profit before changes in Operating Assets and Liabilities |
1,542,575,944 |
|
2,119,804,903 |
|
Increase / Decrease in Operating Assets and Liabilities |
|
|
|
|
|
|
|
(27,405,603,241) |
|
(10,864,325,207) |
|
|
|
Trading Securities (Treasury Bills & Bonds) |
(13,783,501,103) |
|
(171,594,769) |
|
|
|
Loans and Advances to other Banks |
- |
|
- |
|
|
|
Loans and Advances to Customer |
(13,622,102,138) |
|
(10,692,730,438) |
|
|
|
Other Assets (Item-wise) |
505,603,623 |
|
(674,534,963) |
|
|
|
Suspense Account (Note 9.1) |
10,191,675 |
|
(23,341,008) |
|
|
|
Demand Draft paid without Advice |
35,833 |
|
5,865,934 |
|
|
|
Advance Rent |
(75,535,482) |
|
(24,915,454) |
|
|
|
Advance Deposits |
(542,485) |
|
(251,070) |
|
|
|
Stock of Stationery |
2,835,760 |
|
(16,454,576) |
|
|
|
Stamps in Hand |
5,156 |
|
(448,379) |
|
|
|
Premium on Bond |
(3,210,232) |
|
(347,179) |
|
|
|
Clearing Adjustment Account |
477,425,589 |
|
(107,388,013) |
|
|
|
On Line Client Adjustment Account |
5,124,845 |
|
- |
|
|
|
Adjusting Account Debit (Note 9.2) |
89,272,964 |
|
(507,255,218) |
|
|
|
|
26,939,256,404 |
|
10,377,768,137 |
|
|
|
Deposit from other Banks |
5,112,719,303 |
|
(978,782,030) |
|
|
|
Deposit from Customers |
20,363,440,825 |
|
11,709,608,580 |
|
|
|
Other Liabilities on account of Customers |
- |
|
- |
|
|
|
Other Liabilities |
1,463,096,276 |
|
(353,058,413) |
|
|
|
|
- |
|
- |
|
|
|
Net Cash Received from Operating Activities |
1,581,832,730 |
|
958,712,870 |
| B. |
Cash Flows from Investing Activities |
|
|
|
|
|
|
Sale proceeds of Fixed Assets |
- |
|
- |
|
|
|
Dividend Received |
16,261,493 |
|
7,922,279 |
|
|
|
Purchase/ Sale of Property, Plant and Equipment |
(550,731,564) |
|
(714,018,363) |
|
|
|
Purchase/ Sale of Shares |
75,326,274 |
|
(1,682,863,213) |
|
|
|
Other Investment activities |
681,601,943 |
|
- |
|
|
|
Net Cash from Investing Activities |
222,458,146 |
|
(2,388,959,297) |
| C. |
Cash Flows from Financing Activities |
|
|
|
|
|
|
Receipts from Issue of Loan Capital and Debt Securities |
- |
|
- |
|
|
|
Paid for Repayment of Loan and Debt Securities |
- |
|
- |
|
|
|
Received by Issue of Right Share |
- |
|
1,438,942,300 |
|
|
|
Dividend Paid |
- |
|
- |
|
|
|
Net Cash from Financing Activities |
- |
|
1,438,942,300 |
| D. |
Net Increase/(Decrease) of Cash & Cash Equivalent (A+B+C) |
1,804,290,875 |
|
8,695,873 |
|
|
|
Effects of Exchange Rate changes on Cash and Cash Equivalent |
|
|
|
| E. |
Opening Cash and Cash Equivalent |
5,785,668,723 |
|
5,776,972,850 |
| F. |
Closing Cash and Cash Equivalent (D+E) note-16.A |
7,589,959,598 |
|
5,785,668,723 |
|
