Mercantile Bank Limited
For the year ended December 31, 2007
|
|
2007 (BDT) |
2006(BDT) |
| A. |
Cash Flows From Operating Activities |
|
|
|
Interest Received |
4,385,453,847 |
3,493,050,370 |
|
Interest Paid |
(3,159,295,227) |
(2,662,583,221) |
|
Fees and Commission Received |
366,320,548 |
378,822,717 |
|
Payment to the Employees |
(402,021,252) |
(447,367,061) |
|
Payment to suppliers |
(56,676,382) |
(44,665,745) |
|
Income Tax Paid |
(199,599,159) |
(443,178,969) |
|
|
934,182,375 |
274,078,091 |
|
Received from other operating activities |
743,733,727 |
753,915,734 |
|
Exchange Gain |
424,041,142 |
414,932,666 |
|
Other Operating Income |
319,692,585 |
338,983,068 |
|
Payment for other operating activities |
(312,900,501) |
(264,820,484) |
|
Rent, Taxes, Insurances and Electricity |
(123,897,552) |
(86,062,366) |
|
Legal Expanses |
(5,955,217) |
(5,052,030) |
|
Postage, Stamps and Telecommunication |
(28,242,005) |
(23,130,087) |
|
Auditors' Fees |
(250,000) |
(250,000) |
|
Repair and Maintenance |
(10,496,517) |
(8,170,118) |
|
Chief Executive's Salary and Fees |
(4,388,203) |
(5,500,000) |
|
Directors' Fees |
(1,900,700) |
(1,746,300) |
|
Other Expenses |
(137,770,307) |
(134,909,583) |
|
Operating profit before changes in Operating Assets and Liabilities |
1,365,015,601 |
763,173,341 |
|
Increase / Decrease in Operating Assets and Liabilities |
|
|
|
Loans and Advances to other Banks |
- |
|
|
Loans and Advances to Customers |
(5,035,720,401) |
(4,985,085,375) |
|
Other Assets (Item-wise) |
(57,831,186) |
(337,778,436) |
|
Advance Deposits |
(119,221) |
(151,671) |
|
Stock of Stationery |
(2,789,880) |
(400,749) |
|
Suspense Account |
(40,294,501) |
3,940,141 |
|
Stamps in Hand |
(75,673) |
(65,143) |
|
Advance Rent |
4,242,667 |
(83,702,795) |
|
Excise Duty |
(26,300) |
(8,050) |
|
Clearing Adjustment |
6,526 |
(6,526) |
|
DD paid without advice |
(2,047,000) |
597,116 |
|
Premium on Bond |
(124,403) |
- |
|
Mercantile Bank General Account |
52,382,318 |
15,948,762 |
|
Adjusting Account Debit |
(68,985,719) |
(273,929,521) |
|
Deposit from other Banks |
774,250,000 |
(640,000,000) |
|
Deposit from Customers |
5,677,410,271 |
7,801,339,354 |
|
Other Liabilities on account of Customers |
|
|
|
Other Liabilities |
(71,053,523) |
442,405,257 |
|
Net Cash Received from Operating Activities |
2,652,070,762 |
3,044,054,141 |
| B. |
Cash Flows From Investing Activities |
|
|
|
Sale proceeds of Fixed Assets |
|
824,911 |
|
Dividend Received |
750,000 |
5,625,000 |
|
Purchase/Sale of Property, Plant and Equipment |
(176,213,304) |
(134,610,075) |
|
Purchase/Sale of Shares |
64,696,430 |
(1,575,824) |
|
Other Investment activities |
(952,480,4 10) |
(301,743,295) |
| |
Net Cash from Investing Activities |
(1,063,247,284) |
(431,479,283) |
| 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 |
- |
(49,963,280) |
| D |
Net Increase/(Decrease) of Cash and Cash Equivalent (A+B+C)
|
1,588,823,478 |
2,562,611,578 |
| |
Effect of Exchange Rate Changes on Cash & Cash Equivalent |
- |
- |
| E |
Opening Cash & Cash Equivalent |
7,733,412,265 |
5,170,800,687 |
| F |
Closing Cash & Cash Equivalent (D+E)* |
|
7,733,412,265 |
*Cash and cash equivalents consist of cash with Bangladesh Bank, with its agent banks, government securities and deposits with other banks.
These Financial Statements should be read in conjunction with the annexed notes (1 to 38)
|
