|
| Profit & Loss Account |
MERCANTILE BANK LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED DECEMBER 31, 2011 |
|
|
Amount in Taka |
|
Notes |
2011 |
|
2010 |
|
|
|
|
|
| Interest Income |
19 |
9,732,681,382 |
|
6,837,900,076 |
| Less: Interest Paid on Deposits, Borrowings etc. |
21 |
8,022,131,491 |
|
5,071,998,071 |
| Net Interest Income |
|
1,710,549,891 |
|
1,765,902,005 |
| Investment Income |
20 |
1,671,292,448 |
|
815,443,728 |
| Commission, Exchange and Brokerage |
22 |
1,439,016,961 |
|
1,201,048,112 |
| Other Operating Income |
23 |
1,281,385,842 |
|
993,417,661 |
|
|
4,391,695,251 |
|
3,009,909,501 |
| Total Operating Income |
|
6,102,245,142 |
|
4,775,811,506 |
| Salaries and Allowances |
24 |
1,292,014,793 |
|
932,982,480 |
| Chief Executive's Salary and Fees |
25 |
6,300,000 |
|
4,627,258 |
| Directors' Fees |
26 |
3,051,400 |
|
4,538,100 |
| Rent, Taxes, Insurances, Electricity etc. |
27 |
281,873,775 |
|
230,052,874 |
| Legal Expenses |
28 |
10,249,884 |
|
14,559,219 |
| Postage, Stamps, Telecommunication etc. |
|
61,816,538 |
|
50,082,585 |
| Stationery, Printings, Advertisements etc. |
29 |
124,064,567 |
|
116,660,521 |
| Auditors' Fees |
|
707,059 |
|
750,000 |
| Depreciation and Repair of Fixed Assets |
30 |
162,320,527 |
|
120,290,064 |
| Other Expenses |
31 |
658,174,251 |
|
454,142,496 |
| Total Operating Expenses |
|
2,600,572,794 |
|
1,928,685,597 |
| Profit before Provision |
|
3,501,672,348 |
|
2,847,125,909 |
| Provision against Classified Loans |
12.5 |
315,200,000 |
|
20,000,000 |
| Provision against Un Classified Loans |
12.5 |
143,000,000 |
|
230,500,000 |
| Other Provision |
12.5 |
39,300,000 |
|
160,700,000 |
| Total Provision |
|
497,500,000 |
|
411,200,000 |
| Total Profit before Taxes |
|
3,004,172,348 |
|
2,435,925,909 |
| Provision for Taxation |
12.4 |
1,250,000,000 |
|
1,010,587,500 |
| Provision for Deferred Tax |
|
20,000,000 |
|
- |
|
|
1,270,000,000 |
|
1,010,587,500 |
|
|
|
|
|
| Net Profit after Taxation |
|
1,734,172,348 |
|
1,425,338,409 |
| Retained Surplus brought forward from previous year |
|
44,470,703 |
|
2,202,876 |
|
|
1,778,643,051 |
|
1,427,541,285 |
| Appropriations |
|
|
|
|
| Statutory Reserve |
|
600,834,470 |
|
487,185,182 |
| Retained Surplus |
|
1,177,808,581 |
|
940,356,103 |
|
|
1,778,643,051 |
|
1,427,541,285 |
|
|
|
|
|
| Earning Per Share* (EPS) |
32 |
3.49 |
|
2.87 |
|
|
|
|
|
| * Earning Per Share (EPS) has been calculated by using weighted average number of share outstanding and previous year's EPS has been restated accordingly. |
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