Calculate the followings from given data
i) ROE--> Net income/Total Equity Capital
ii) ROA--> Net income/Total Assets
iii) Equility Multiplier--> Total Assets/Total Equility Capital
iv) Profit Margin--> Net Income/Total Operating Income
v) Asset Utilization--> Total Operating Income/Total Assets
vi) Interest Expense/Total Operating Income
vii) Provision for Loan Losses/Total Operating Income
viii) Noninterest Expense/Total Operating Income
ix) Income Taxes/Total Operating Income
x) Intereest Income/Total Assets(Components)
xi) Noninterest Income/Total Assets(Components)
D Uttara Finance and Investments Limited and Its Subsidiary CONSOLIDATED BALANCE SHEET As at 31 December 2019 Notes 2019 BDT 2018 BDT 3.a Property and assets Cash In hand (including foreign currencies) Balance with Bangladesh Bank and its agent bank (including foreign currencies) 332,938,458 6,792 353,637,642 1,220 332,931,666 353,636,422 Balance with other banks and financial institutions 4.a 1,310,454,985 1,310,454,985 1,594,593,962 1,594,593,962 In Bangladesh Outside Bangladesh Money at call and on short notice Investments 5.a 6.a 2,097,444,935 1,545,147,427 Government Others 2,097,444,935 1,545,147,427 7.a Loans, advances and leases Leases, loans, cash credits, overdrafts, etc. Bills purchased and discounted 37,083,078,010 37,083,078,010 35,922,425,642 35,922,425,642 Fixed assets including land, building, furniture and fixtures Other assets Non-banking assets 8.a 9.a 112,693,693 1,666,260,591 109,685,031 1,701,312,350 42,602,870,672 41,226,802,054 Total assets OFF-BALANCE SHEET ITEMS Contingent liabilities Acceptances and endorsements Letters of guarantee Irrevocable letters of credit Bills of collection Other contingent liabilities Other commitments Documentary credits and short term trade-related transactions Forward assets purchased and forward deposits placed Un-drawn note issuance and revolving underwriting facilities Un-drawn formal standby facilities, credit lines Total off-balance sheet items including contingent liabilities These financial statements should be read in conjunction with the annexed notes Net Asset Value (NAV) per share 38.a 62.45 55.00 Balance Sheet Notes 1 Profit & Loss AC Notes 2 D 2019 BDT 2018 BDT Notes for Balance Sheet Cash (Consolidated) In hand Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 1,2201 6,218 574 6,792 1220 3.a Balance with Bangladesh Bank and its agent bank Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 332,931,666 353,636,422 332,931,666 332,938,458 353,636,422 353,637,642 Balance with other banks and financial institutions (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 1,594,593,962 1,234,166,771 76,288,214 1,310,454,985 4.a 1,594,593,962 Inter-company transactions 1,310,454,985 1,594,593,962 5.a Investments (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 1,545,147,427 6.a 2,210,841,873 136,603,062 2,347,444,935 (250,000,000) 2,097,444,935 1,545,147,427 Inter-company transactions 1,545,147,427 Balance Sheet Notes 1 Profit & Loss AC Notes 2 2,097,444,935 D 1,545,147,427 Loans, advances and leases (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 35,922,425,642 7.a 36,573,773,102 1,881,129,460 38,454,902,562 -1,371,824,552 37,083,078,010 35,922,425,6420 Inter-company transactions 35,922,425,642 Fixed assets including land, premises, furniture and fixtures (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 109,685,031 8.a 111,943,961 749,732 112,693,693 109,685,031 Other assets (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 1701312350.00 9.a 1,679,081,324 7,294,437 1,686,375,761 -20,115,170 1,666,260,591 1,701,312,350 Inter-company transactions 1,701,312,350 Borrowings from other banks, financial institutions and agents (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 10.a 7,670,508,646 8,274,424,038 7,670,508,646 8,274,424,038 Term deposits (consolidated) Uttara Finance and Investments Limited 11.a Luftara Finance Capital Management Limited Balance Sheet Notes 1 Profit & Loss AC Notes 2 18,772,134,622 18,015,388,056 Term deposits (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited -- 18,772,134,622 18,015,388,056 11.a 18,772,134,622 18,015,388,056 Other liabilities (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 8,049,393,450 12.a 7,889,849,264 1,822,676,683 9,712,525,947 -1,372,677,083 8,339,848,864 8,049,393,450 Inter-company transactions 8,049,393,450 13 Share capital Authorised 500,000,000 ordinary shares of BDT 10 each Issued, subscribed and paid-up 125,220,480 ordinary shares of BDT 10 each 5,000,000,000 5,000,000,000 1,252,204,800 1,252,204,800 Statutory reserve (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 1,554,486,003 1,554,486,003 14.a 1554486003 1,554,486,003 Less: Inter-company transactions 1,554,486,003 1,554,486,003 15 General reserve Balance at 1 January I Transfer during the vear Balance Sheet Notes 1 Profit & Loss AC 1,950,000,000 500.000.000 1,800,000,000 150.000.0001 Notes 2 1,554,486,005 4,486,005 15 General reserve Balance at 1 January Transfer during the year Balance at 31 December 1,950,000,000 500,000,000 2,450,000,000 1,800,000,000 150,000,000 1,950,000,000 Share premium 528,000,000 528,000,000 This represents amount received from the shareholders @ BDT 20 per share on 26,400,000 shares at the time of rights issue. 16 Retained earnings (consolidated) Balance at 1 January Net profit after taxation 17.a 702,905,707 1,183,222,990 1,886,128,697 293,616,339 1,034,950,808 1,328,567,147 Non-controlling interest % in non-controlling interest Equity as on 31 December 2019 Non-controlling interest 39 2019 2018 See accounting policy note 2.21 Name of subsidiary Uttara Finance Capital Management Limited 0.00004 259273626 10,371 Net Asset Value Per Share (NAV): (consolidated) Basic Net Asset Value per share have been calculated as follows: Net Asset (Total Asset-Total Liability) (a) Weighted average number of ordinary shares outstanding during the year (b) 38. a 7,820,368,169 125,220,480 6,887,596,510 125,220,480 Balance Sheet Notes 1 Profit & Loss AC Notes 2 Non-controlling interest % in non-controlling interest Equity as on 31 December 2019 Non-controlling interest 39 2019 2018 See accounting policy note 2.21 Name of subsidiary Uttara Finance Capital Management Limited 0.00004 259273626 10,371 Net Asset Value Per Share (NAV): (consolidated) Basic Net Asset Value per share have been calculated as follows: Net Asset (Total Asset-Total Liability) (a) Weighted average number of ordinary shares outstanding during the year (b) 38. a 7,820,368,169 125,220,480 6,887,596,5101 125,220,480 Net Asset Value Per Share 62.45 55.00 Balance Sheet Notes 1 Profit & Loss AC Notes 2 Uttara Finance and Investments Limited and Its Subsidiary 2018 BDT 4,659,797,325 (2,339,014,363) 2,320,782,962 25,702,556 CONSOLIDATED PROFIT AND LOSS ACCOUNT For the year ended 31 December 2019 2019 Notes BDT Interest income 19.a 4,265,779,231 Interest paid on deposits, borrowings, etc. 20.a (2,349,877,488) Net interest income 1,915,901,743 Investment income 21.a 53,120,905 Commission, exchange and brokerage 22.a Other operating income 23.a 27,856,031 Total operating income 1,996,878,679 Salary and allowances 24.a 133,287,296 Rent, taxes, insurance, electricity, etc. 25.a 28,810,022 Legal expenses 26.a 1,945,422 Postage, stamp, telecommunication, etc. 27.a 2,933,006 Stationery, printing, advertisements, etc. 28.a 4,854,139 Managing Director's salary and benefits 29.a 14,300,000 Directors' fees 30.a 829,290 Auditors' fees 31.a 361,334 Depreciation and repair of company's assets 32.a 48,305,631 Other expenses 33.a 40,130,062 Total operating expenses 275,756,202 Profit from main operations 1,721,122,477 Profit from merchant banking operations 34 241,408,435 Profit before provision 1,962,530,912 Provision against loans, advances and leases 35.a (77,064,251) Provision for diminution in value of investments 36.a 124,693,671 Balance Sheet Notes 1 Profit & Loss AC Notes 2 20,869,341 2,367,354,859 101,205,865 35,849,124 2,773,395 3,174,090 7,665,820 14,300,000 1,079,280 521,334 21,979,531 24,219,443 212,767,882 2,154,586,977 243,080,896 2,397,667,873 458,887,988 266,858,593 A B D 1,962,530,912 (77,064,251) 124,693,671 35.a 36.a 2,397,667,873 458,887,988 266,858,593 Profit before provision Provision against loans, advances and leases Provision for diminution in value of investments Other provisions Total provisions Profit before tax Provision for taxation Current tax Deferred tax 47,629,420 1,914,901,492 725,746,581 1,671,921,292 12.2.3.b 12.2.3.b 721,678,502 10,000,000 731,678,502 1,183,222,990 626,970,485 10,000,000 636,970,485 1,034,950,808 Net profit after tax Attributable to: Shareholders of the Company Non-controlling interest 1,183,222,585 405 1,183,222,990 Appropriations to: Statutory reserve General reserve Dividend equalisation reserve Cash dividend Retained Surplus No. of outstanding share Earnings per share (EPS) 700,000,000 483,222,990 125,220,480 9.45 625,661,440 409,289,368 125,220,480 8.27 37.a Balance Sheet Notes 1 Profit & Loss AC Notes 2 Ely Notes for Profit & Loss AC. 2019 BDT 2018 BDT Interest income (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 4,659,797,325 19.a 4,234,503,645 51,390,756 4,285,894,401 -20,115,170 4,265,779,231 4,659,797,325 Inter-company transactions 4,659,797,325 Interest paid on deposits, borrowings etc. (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 2,339,014,363 20.a 2,349,877,488 20,115,170 2,369,992,658 20,115,170 2,349,877,488 2,339,014,363 Less: Inter-company transactions 2,339,014,363 Investment income (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 25,702,556 44,355,798 8,765,107 53,120,905 21.a 25,702,556 Inter-company transactions 53,120,905 25,702,556 Other operating income (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 20,869,341 23,267,942 4,588,089 - 27,856,031 23.a 20,869,341 Inter-company transactions 27,856,031 20,869,341 Balance Sheet Notes 1 Profit & Loss AC Notes 2 27,856,031 20,869,341 Salary and allowances (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 101,205,865 24.a 128,568,207 4719089.00 133,287,296 101,205,865 Rent, taxes, insurance, electricity etc. (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 35,849,124 25.a 27942566.00 867,456 28,810,022 35,849,124 Legal expenses (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 26.a 1,945,422 2,773,395 1,945,422 2,773,395 Postage, stamps, telecommunication etc. (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 2,933,006 3,174,090 27.a 2,933,006 3,174,090 Stationery, printings, advertisements etc. (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 7,665,820 28.a 4,793,534 60,605 4,854,139 7,665,820 Managing Director's salary and allowances (consolidated) Tuttar Finance and Investmonte Limited Balance Sheet Notes 1 Profit & Loss AC Notes 2 11 200 14 200 nool Managing Director's salary and allowances (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 14,300,000 14,300,000 29.a 14,300,000 14,300,000 Directors' fees (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 829,290 1,079,280 30.a 829,290 1,079,280 Auditors' fees (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 521,334 31.a 321,334 40,000 361,334 521,334 Depreciation and repair of Company's assets (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 21,979,531 32.a 48,252,078 53,553 - 48,305,631 21,979,531 Other expenses (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 24,219,443 33.a 38,481,865 1,648,197 40,130,062 24,219,443) Profit from merchant banking operations Capital gains on sale of securities Dividend income Balance Sheet Notes 1 Profit & Loss AC Notes 2 206,106,597 2001 122 199,229,994 12.896932 206,106,597 3,004,422 101,420,756 2,841,412 Profit from merchant banking operations Capital gains on sale of securities Dividend income Interest on loan to investors Portfolio management fees Underwriting commission - Interest on bank deposit Financial expenses Management expenses Other income 199,229,994 12,896,932 106,112,789 3,738,698 39,375 208,043 -74,441,309 -14,153,692 34 1,746,677 -59,262,720 -14,448,709 9,450,066 241,408,435 243,080,896 Provision against leases loan and advances (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited -77,064,251 458,887,988 35.a -77,064,251 458,887,988 Provision for diminution in value of investments for the year (consolidated) Uttara Finance and Investments Limited Uttara Finance Capital Management Limited 266,858,593 36.a 109,400,348 15,293,323 124,693,671 266,858,593 Provision during the year for income tax (consolidated) Uttara Finance and Investments Limited Provision for current tax during the year Provision for deferred tax during the year Uttara Finance Capital Management Limited 12.2.3.b 626,970,485 10,000,000 709,858,100 10,000,000 11,820,402 731,678,502 636,970,485 Balance Sheet Notes 1 Profit & Loss AC Notes 2 Provision during the year for income tax (consolidated) Uttara Finance and Investments Limited Provision for current tax during the year Provision for deferred tax during the year Uttara Finance Capital Management Limited 12.2.3.b 626,970,485 10,000,000 709,858,100 10,000,000 11,820,402 731,678,502 636,970,485 Earnings Per Share (EPS) (consolidated) Basic earnings per share have been calculated as follows: Earnings attributable to ordinary shares (net profit after tax) (a) Weighted average number of ordinary shares outstanding during the year (b) 37.a 1,183,222,990 125,220,480 1,034,950,808 125,220,480 Earnings per share (a+b) 9.45 8.27 Balance Sheet Notes 1 Profit & Loss AC Notes 2
