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CASH FLOW STATEMENT

Mercantile Bank Limited For the year ended December 31, 2009

		2009 (BDT)	2008 (BDT)
A.	Cash Flows From Operating Activities
	Interest Received	6,539,977,880	5,423,137,314
	Interest Paid	(4,154,550,199)	(3,424,865,486)
	Fees and Commission Received	488,656,221	459,036,752
	Payment to the Employees	(807,198,037)	(486,587,111)
	Payment to suppliers	(82,233,119)	(63,499,399)
	Income Tax Paid	(687,994,874)	(638,616,891)
	Received from other operating activities	1,001,161,940	788,994,91
	Exchange Gain	571,157,810	458,155,089
	Other Operating Income	430,004,130	330,839,823
	Payment for other operating activities	(607,226,990)	(386,477,514)
	Rent, Taxes, Insurances and Electricity	(181,530,859)	(154,613,531)
	Legal Expanses	(7,994,350)	(5,045,236)
	Postage, Stamps and Telecommunication	(26,386,862)	(27,045,459)
	Auditors' Fees	( 709,000)	(500,000)
	Repair and Maintenance	(16,433,744)	(11,329,772)
	Chief Executive's Salary and Fees	(6,450,000)	(6,450,000)
	Directors' Fees	(4,055,400)	(2,163,600)
	Other Expenses	(363,666,775)	(179,329,916)
	Operating profit before changes in Operating Assets and Liabilities	1,690,592,822	1,671,122,577
	Increase / Decrease in Operating Assets and Liabilities
	Loans and Advances to other Banks	-	-
	Loans and Advances to Customers	(4,674,471,704)	(5,316,085,710)
	Other Assets (Item-wise)	(375,768,145)	(325,165,611)
	Advance Deposits	( 138,572)	(1,000,588)
	Stock of Stationery	(3,349,021)	(10,414,961)
	Suspense Account	(246,553,307)	(23,985,407)
	Stamps in Hand	(98,143)	(881,385)
	Advance Rent	(56,804,386)	(88,559,508)
	Excise Duty	-	42,400
	Clearing Adjustment	-	-
	DD paid without advice	(5,687,684)	(240,000)
	Premium on Bond	( 907,421)	-
	Mercantile Bank General Account	-	-
	Adjusting Account Debit	(62,229,611)	(200,126,162)
	Deposit from other Banks	(483,499,279)	1,552,075,000
	Deposit from Customers	9,780,256,481	4,194,277,066
	Other Liabilities on account of Customers	-	-
	Other Liabilities	1,858,866,802	26,251,607
	Net Cash Received from Operating Activities	7,795,976,977	1,802,474,929
B.	Cash Flows From Investing Activities
	Sale proceeds of Fixed Assets	-	501,877
	Dividend Received	7,590,576	2,457,119
	Purchase/Sale of Property, Plant and Equipment	(269,834,977)	(154,376,501)
	Purchase/Sale of Shares	(148,225,421)	215,272,192
	Other Investment activities	(2,784,895,223)	(805,427,081)
	Net Cash from Investing Activities	(3,195,365,045)	(741,572,394)
C.	Cash Flows from Financing Activities
	Receipts from Issue of Loan Capital & Debt Securities	-	-
	Paid for Repayment of Loan and Debt Securities	-	-
	Received by Issue of Share	-	-
	Dividend Paid	-	-
	Net Cash from Financing Activities	-	-
D	Net Increase/(Decrease) of Cash and Cash Equivalent (A+B+C)	4,600,611,932	1,060,902,535
	Effect of Exchange Rate Changes on Cash & Cash Equivalent
E	Opening Cash & Cash Equivalent	10,383,138,278	9,322,235,743
F	Closing Cash & Cash Equivalent (D+E)*	14,983,750,210	10,383,138,278

These Financial Statements should be read in conjunction with the annexed notes (1 to 38)


sd/- Dewan Mujibur Rahman Managing Director and CEO	sd/- Alhaj Akram Hussain (Humayun) Director	sd/- Golam Faruk Ahmed Director	sd/- M. S. Ahsan Director
See annexed auditors' report to the Shareholders of date.
sd/- Ahmed Zaker & Co. Chartered Accountants			sd/- Basu Banerjee Nath & Co. Chartered Accountants

Dhaka, February 15, 2010

Last Update : March 31, 2010