Delta Brac Housing

Finance Corporation Ltd.

HIGHEST
CREDIT RATING

Balance Sheet
As at 30 June 2012

2012
Taka

Notes
PROPERTY AND ASSETS
Cash
In hand
Balance with Bangladesh Bank and its agent Bank

3
3.1
3.2

Balance with other banks and financial institutions in Bangladesh

Money at call on short notice
Investments
Government
Others

4
5
6

Loans and advances

Fixed assets including land, building, furniture and equipments
Other assets
Total Assets
LIABILITIES AND CAPITAL
LIABILITIES
Borrowing from other banks and financial institutions
Deposit and others accounts
Fixed deposits
Other deposits
Other Liabilities
Total Liabilities
Shareholders equity
Paid-up capital
Preference share capital
Share premium
Statutory reserve
Other reserve
Retained earnings
Total equity
Total Liabilities and Shareholders' equity
OFF-BALANCE SHEET ITEMS
Contingent Liabilities
Acceptances and endorsement
Letter of guarantee
Irrevocable letter of credits
Bills for collection
Other contingent liabilities
Total contingent liabilities
Other commitments
Documentary credit & short-term trade related transaction
Forward assets purchased and forward deposit placed

7
8
9

10
11.1

12

13.2 a
13.2 b
14
15
16
32

372,706,679
929,059,560
1,650,000,000

333,785,417
1,769,016,706
60,000,000

450,617,335

506,875,189

450,617,335

506,875,189

24,039,007,094
43,298,793
156,054,640
27,640,744,101

21,668,604,021
40,764,116
121,470,483
24,500,515,932

7,312,695,521

7,388,371,512

15,751,200,293
-

13,307,831,582
-

2,426,308,585

2,048,015,955

25,490,204,399

22,744,219,049

1,009,125,000
40,000
154,960,000
447,617,428
268,000,000
270,797,274

504,562,500
40,000
154,960,000
366,768,865
428,000,000
301,965,518

2,150,539,702
27,640,744,101

1,756,296,883
24,500,515,932

2011 - 2012
Taka

2011 - 2012
Taka

2010 - 2011
Taka

Interest Income
Interest paid on deposits and borrowings etc
Net Interest Income

18
19

3,458,388,798
2,475,779,264
982,609,534

2,689,316,304
1,799,504,676
889,811,628

Income from investment

Commission, exchange and brokerage
Other operating income
Total operating income

20
21
22

34,316,820
92,043,624
19,677,700
1,128,647,678

272,392,532
98,313,707
4,762,710
1,265,280,577

Salary and allowances

Rent, taxes, insurance, electricity, etc.
Legal & professional expenses
Postage, stamp, telecommunication, etc.
Stationery, printing, advertisements, etc.
Managing Director's salary and fees
Directors' fees and expenses
Auditors' fees
Depreciation, repair & maintenance
Other expenses
Total operating expenses
Profit before provisions
Provision for:
Loans and advances
Diminution in value of investments
Total provisions
Profit before tax
Provision for tax
Current
Deferred

23
24
25
26
27

161,239,001
29,018,305
987,466
5,641,031
5,154,014
10,600,000
478,283
218,500
20,507,885
25,355,228
259,199,713
869,447,965

150,026,984
24,204,704
1,763,074
5,720,239
24,732,876
9,550,000
631,955
189,750
28,313,833
23,925,090
269,058,505
996,222,072

28
29
30
31

12.2.1,2
12.2.3

(938,916)
105,691,359
104,752,443
764,695,522

92,978,120
(3,639,303)
89,338,817
906,883,255

12.3
9.3 a

363,658,608
(3,205,905)
360,452,703
404,242,819

409,755,367
(4,939,935)
404,815,432
502,067,823

80,848,563
10,000,000
90,848,563
313,394,256
3.91

100,413,565
10,000,000
110,413,565
391,654,258
4.88

Profit after tax

Appropriations
Statutory reserve
General reserve
Dividend on preference share
Retained surplus
Earnings Per Share (restated)

Faruq A Choudhury
Chairman

33

Nasir A. Choudhury
Director

Q.M. Shariful Ala

Managing Director & CEO

Mehreen Hassan
Director

Dated, Dhaka;
26 August 2012

S. F. Ahmed & Co.

Chartered Accountants

Cash flows from operating activities

Interest received
Interest payments
Dividend received
Fees and commission received
Paid to employees
Paid to suppliers and for various operating expenses
Income tax paid
Received from other operating activities

2010 - 2011
Taka

3,451,354,875
(2,151,836,677)
35,575,537
97,183,699
(182,837,450)
(79,874,758)
(431,015,421)
(9,932,514)

2,693,521,415
(1,543,150,268)
15,869,940
101,631,638
(157,110,327)
(66,139,829)
(345,047,514)
233,882,302

728,617,291

933,457,357

(2,330,841,134)
(38,041,381)
2,406,847,767
32,285,089
70,250,341

(3,594,500,323)
(23,587,334)
1,631,019,492
23,783,826
(1,963,284,339)

Net cash from operating activities

798,867,632

(1,029,826,982)

Cash flows from investing activities

Net proceed from Investment in trading securities
Purchase of property, plant & equipment
Proceeds from sell of property, plant & equipment
Net cash from investing activities

56,257,854
(16,381,244)
1,118,348
40,994,958

498,618,132
(19,390,047)
979,989
480,208,074

(7,480,700)
(10,000,000)
(1,743,426)
(19,224,126)
820,638,464

(7,480,700)
(10,000,000)
(40,365,000)
(1,661,284)
(59,506,984)
(609,125,892)

Cash generated from operating activities before

changes in operating assets and liabilities
Increase/(decrease) in operating assets and liabilities
Loans and advances to customers
Other assets
Loans and deposits from banks and other customers
Other liabilities
Cash utilized in operating assets and liabilities

Cash flows from financing activities

Payments for redemption of loan & debt security
Payment of Preference share dividend
Cash dividend paid
Payment for finance lease
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents (net o overdraft) at the
beginning of the period
Cash and cash equivalents ( net o overdraft) at
the end of the period

Faruq A Choudhury
Chairman

Nasir A. Choudhury
Director

1,905,854,626

2,514,980,518

2,726,493,090

1,905,854,626

Mehreen Hassan
Director

Dated, Dhaka;
26 August 2012

Q.M. Shariful Ala

Managing Director & CEO
S. F. Ahmed & Co.
Chartered Accountants

Statement of Changes in Equity

For the year ended June 30, 2012
Particulars

17.1
59,923,470

59,923,470

59,923,470

59,923,470

Balance as on 1 July, 2011

Net profit (after tax) for the period
Transferred to reserve funds
Stock dividend issued
Preference share dividend
Balance as on June 30, 2012
Balance as on June 30, 2011

448,325,383

394,625,000

448,325,383

394,625,000

Total O-Balance Sheet items including contingent liabilities

508,248,853

454,548,470

The annexed notes 1 to 39 form an integral part of these financial statements.

Mehreen Hassan
Director

Q.M. Shariful Ala

Managing Director & CEO
S. F. Ahmed & Co.
Chartered Accountants

Paidup Capital
504,562,500
504,562,500
1,009,125,000
504,562,500

Preference Share
Capital
40,000
40,000
40,000

Share Premium

Statutory Reserve

154,960,000
154,960,000
154,960,000

366,768,865
80,848,563
447,617,428
366,768,865

General &
Other Reserves
428,000,000
60,000,000
(220,000,000)
268,000,000
428,000,000

Retained Earnings
301,965,518
404,242,819
(140,848,563)
(284,562,500)
(10,000,000)
270,797,274
301,965,518

Total
1,756,296,883
404,242,819
(10,000,000)
2,150,539,702
1,756,296,883

Liquidity Statement

17.2

Undrawn formal standby facilities, credit lines and other commitments

Dated, Dhaka;
26 August 2012

For the year ended 30 June 2012

Amount In Taka

Total other commitments

Nasir A. Choudhury
Director

Cash Flow Statement (Direct Method)

For the year ended 30 June 2012

Notes

87,391
333,698,026

Financial Statements
2011-2012

Profit and Loss Account

2011
Taka

75,513
372,631,166

Undrawn note issuance and revolving underwriting facilities

Faruq A Choudhury
Chairman

Head Oce:
Landmark Building
12-14 Gulshan North C/A
Gulshan-2, Dhaka-1212, Bangladesh
Tel: 8822374, 9882112, Fax: +88 02 9882110
E-mail: dbh@deltabrac.com
Webside: www.deltabrac.com

As at June 30, 2012

Particulars
Assets
Cash
Balance with other Banks and Financial Institutions
Money at Call and on short notice
Investments
Loans and advances
Fixed assets including premises, furniture and fixture
Other assets
Total Assets
Liabilities
Borrowing from other banks and financial institutions
Deposits
Other liabilities
Total liabilities
Net liquidity gap

up to 1 Month

1 to 3 Months

3 to 12 Months

1 to 5 Years

Above 5 Years

Total

372,706,679
580,940,747
1,650,000,000
298,617,835
441,130,448
957,982
86,220,197
3,430,573,888

150,000,000
689,446,007
1,915,963
13,436,220
854,798,190

196,466,417
49,500,000
2,941,129,569
8,621,835
46,410,564
3,242,128,385

1,652,396
80,000,000
10,126,253,486
22,239,647
9,987,659
10,240,133,188

22,499,500
9,841,047,584
9,563,366
9,873,110,450

372,706,679
929,059,560
1,650,000,000
450,617,335
24,039,007,094
43,298,793
156,054,640
27,640,744,101

404,459,942
415,051,699
327,913,702
1,147,425,343
2,283,148,545

110,327,708
1,073,695,698
455,448,195
1,639,471,601
(784,673,411)

682,468,197
2,855,043,695
858,650,975
4,396,162,867
(1,154,034,482)

2,716,417,924
489,264,493
500,837,849
3,706,520,266
6,533,612,922

3,399,021,750
10,918,144,708
283,457,864
14,600,624,322
(4,727,513,872)

7,312,695,521
15,751,200,293
2,426,308,585
25,490,204,399
2,150,539,702