Post on 29-Jun-2018
CONSOLIDATED FINANCIAL STATEMENTS(Un… audited)
OF
FIRST SECURITY ISLAMI BANK LTD.FOR THE 3rd QuARTER ENDED 30 SEPTEMBER 2016
FIRST SECURIttW ISLAMI BANK LIⅣ IITEDCONSOLIDATED BALANCE SHEET(Un¨ auditeの
AS AT 30 SEPTEMBER 2016
30.09.2016
Taka31.12.2015
Taka
PROPERTYAND ASSETSCashIn hand (Including Foreign Currencies)Balance with Bangladesh Bank and its Agent Bank(s)(Including foreign currencies)
Balance with other Banks and Financial InstitutionsIn Bangladesh
Outside Bangladesh
Placement with Banks & Other Financial Institutions
Investments in Shares & SecuritiesGovernmentOthers
InvestmentsGeneral Investment etc.
Bills Purchased and Negotiated
Fixed Assets Including Prernises, Fumiture & IntangibleAssetsOther Assets
Non Banking Assets
Total Assets
LIABILITIES AND CAPITALLiabilitiesPlacement from Banks & Other Financial Institutions
Deposits and Othet AccountsAl-Wadia Current Deposits and Other Deposit Accounts
Bills Payable
trIudaraba Savings Deposits
N{udaraba Term Deposits
Other N{udaraba Deposits
Mudaraba Subordinated BondOther LiabilitiesTotal LiabilitiesCapital/Shareholders' equityPaid-up Capital
Statutory Reserve
Other Reserve
Asset Revaluation Reserve
Retained Earnings
Total Shareholders' Equity
Non-controlling Interest
Total Liabilities and Shareholders' Equity
282,935,375,076 256,604,940,627
601,385,298
253,606,200,370
1,182,198,146
14,130,876,051
1,288,945,155
17,593,341,771
174,590,490,535
6
1,500,000,000
16,518,013,508
272,225,599,176
6,788,738,880
2,274,108,466
75,556,891
372,259,728
906,561,534
10,417,225,499
393,256
11,154,100,706
881,045,753
13,596,802,883
159,937,995,888
45,689,448
1,882,000,000
12,288,833,838
246,`12,425,240
6,788,738,880
1,902,246,794
75,556)891
372,259,728
555,733,247
9,694,535,540
292,550,401 297,979,846
862,157,007
120,936,556
741,220,451
219,311,060,049
666,774,654
3,485,655,105
10,505,505,343
25,145,280
346,454,159
85,340,676
261,113,483
14,895,00o,000
13,340,858,897
12,200,005,000
1,140,853,897
187,239,077,399
186,884,413,142
354,664,257
3,261,041,`76
10,266,381,443
25,145,280
282,935,375,076 256,604,940,627
FIRST SECURITY ISLANII BANK LI~ IITEDCONSOLIDATED BALANCE SHEET(Un― audited)
AS AT 30SEPTEMBER 2016
OFF- BAT-ANCE SHEET ITEMS
Contingent Liabilities
Acceptances and Endotsements
Letters of Guarantee
Irrevocable Letters of Credit
Bills for Collection()ther Contingent Liabilities
Total
Other Commitments
Documentary credits and short term ttade related transactions
Forward assets purchased and forward deposits placed
Undrawn note issuance and revolving undenvriting facilities
Undrawn formal standby faciJ-ities, credit lines and other commitments
Total
Total Off -Balance Sheet ltems Including
Contingent Liabilities
31,725,355,540 25,847,300,235
30.09.2016
Taka
18,834,689,560
6,269,167,927
5,400,538,101
1,220,959,952
31.12.2015
Taka
16,515,014,236
6,097,088,677
2,219,227,721
1,015,969,601
31,725,355,540 25,847,300,235
Hcad ofFAD(C.C.)
Dhaka, 26 ()ctober 2016
C涙
FIRST SECURITY ISLAMI BANK LIPIITEDCONSOLIDATED PROFIT AND LOSS ACCOUNT(Un‐ auditcd)
FOR THE PERIOD 01JANUARY 2016 T0 30 SEPTEMBER 2016
Jan-Sept, r16
TakaJan‐SCpt.'15
TakaJuly-Sept.'16
TakaJuly‐ SCpt.:15
Taka
Investments IncomeProfit Paid on Dcposits
Net Investment Income
Incomc from Investment in Shares & Securities
Commission, Exchange and Brokerage
Other Opcrating Income
Total Operating Income[,eee: Operating ExpensesSalary and Allowanccs
Rent,'faxes, lnsurances, Electricity etc.
I-cgal lixpcnses
Postage, Stamps,'l'clecommunication ctc.
Stationery, Printings, r\dvertisements etc.
Managing Director's Salary and Fees
Auditors'Fces
Directors'Ijces
Shariah Committcc's Fces
I)epreciation and Rcpair of Bank's Assets
Zakat lixpcnscs
Other Iixpenses
Total Operating Expenses
Profit before Proyision and TaxProlisions for lnrcstments including off-B/S items
l'rovisions for diminution in value of investment in sharcs
Total ProvisionsTotal Profit before Taxesl)rovision f<rr'l'axation
Deferred Tax Income
Net Profit aftes tax for the periodl{ctaincd liarnings l]rought Forward
Appropriations:Starutory lteserve
Non-Controlling Intcrest
Issue of Bonus Share
(lash Dividend
Retained Iiarnings Carried Forward
F)arnings Per Share @,PS)
Hcad ofFAD(C.C.)
1)haka,26 0ctObcr 2016
344,262,384
400,598,184
669,349,319
1,069,947,503
284,413,480
355,669,890
130,165,076
101,645,666
676,629,326 243,735,704
1,032,299,216 345,381,370
708,841,264 776,062,957 125,737,682 51,496,823
906,561,533 293,884,546 906,561,533 293,884,546
1.56 0.59 0.52 0.15
棚:槻腸 濫1餓73」粥懲為 沼鰐弥5,256,081,150 3,200,139,404 1,795,523,081 1,239,770,525
Ⅷ 硼479,372,225 634,721,762 168,294,161 180,469,858
3,286,820,611 2,828,589,741 1,079,205,935 1,039,707,307
属蹴島λ 霧酬 穫排舅;埓機器600,176,138 261,410,857 244,527,937 148,722,334
788,787,075
1,059,669,551
555,733,247
1,615,402,797
5,735,453,375 3,834,861,166 1,963,817,242 1,420,240,383
2,448,632,764 1,006,271,425 884,611,307 380,533,076
cl,を′ir″′′″
FIRST SECURI]Ⅳ ISLANII BANK LIPIITEDCONSOLIDATED CASH FLOW STATEMENT oJn― audited)
FOR THE PERIOD 01JANUARY 2016 T0 30 SEPTEMBER 2016
A. Cash Flow from Operating ActivitiesPtofit rcccivcdPro{it paid
Commission, exchange & brokerage rcccived
Payment to employees
Payment to suppliets
Income tax paid
llcccived from other operating activities
Paid for other ()pcrating activities
Operating Profit before changes in Operating Assets & LiabilitiesIncrease / Decrease in Operating Assets & Liabilities
Investments to Customers()ther Assets
I)eposits from Customcrs()ther Iiabilities
Net Cash Inflow from Operating Activities
B. Cash Flow from Investing ActivitiesInvestment in Shares and Securities
I)urchase of Property, I)lant and Equipment
Sale of Propcrty, Plant and Equipmcnt
Net Cash Inflow from Investing Activities
C. Cash FIow from Financing ActivitiesIncrease/ (Decrease) in Share Capital
Rcceipt from Issue of Right Share
Itcccipt/(Payment) of Nludaraba Subordilatcd Rond
Incrcase/ (I)ectease) in Placement from Banks & Irls
Dividcnd paid in Cash
Net Cash Inflow/(Outflow) from Financing Activities
D. Net Increase/Decrease of Cash & Cash Equivalent (A+B+C)Effect of Exchangc Rate on Cash & Cash Equivalent
E. Opening Cash & Cash EquivalentF. Closing Cash & Cash Equivalent (D+E)
Cash in hand (Including Foreign Curencies)
Balance with Bangladesh Bank, othcr banks & financial institutionsl)rizc Bond
Hcad ofFAD(C.C.)
1)haka,26()ctobcr 2016
Jan‐ SCpt.,2016 Jan_SCPt・ ,2015
Taka Taka
19,126,182,228 16,261,950,937
ol,662,695,86の は1,063,259,428)
273,800,948 344,971,780
o,728,285,973) は,406,963,05つ
(170,594,527) (173,521,662)
(621,183,6401 (638,839,567)253,382,421 157,133,666
o,096,281,89⊃ 055● 57,43o
4,374,323,699 2,526,315,235
(32,556,843,961) (24,427,371,157)618,171,403 (1,337,553,946)
22,346,807,114 28,443,997,668
129,283,635 2,966,156,282
(9,462,581,810)5,645,228,847
(5,088,258,110)8,171,544,082
o,621,650,85o 8,171,339,60幼
(478,585,189) (266,885,95o
¢,100,236,045) (2,438,225,555)
o82,000,00の
(580,812,84o
(342,409,037)
(1,305,221,885) 919,288,217
6,493,716,040)6,652,606,744
42,472,440,933 30,981,486,701
33,978,724,893 37,634,093,445
1,377,148,928
32,601,575,965
492,227,345
427,060,872
1,538,535,437
36,095,553,008
5,000
37,634,093,445
FIRST SECURITY ISLAMI BANK LIMITEDCONSOLIDATED STATEMENT OF CHANGESIN EQUITY(Un‐ audited)
FOR THE PERIOD 01JANUARY 2016 T0 30 SEPTEMBER 2016
Particulars
Ralance as on 01 January 2016
Changes in Accounting l)olicy
Restated Balance
Surplus/Deficit ()n account ofRevaluation of l)roperties
Surplus/l)cficit on account ofRcvaluati<-rn of I nvcstmcnts
Net Gains and Losscs not Recognizedin the Incomc Statcment
Net Profit for thc pcriodCash l)ividcndsTransfer to Statutory Reservc
Transfer to Othcr Rcscrve
Revaluation reservc to C)thcr Reserve
Issuc of Bonus Sharc
Issue of fught Sharc
CapitalDed thc Itight Share Deposit Money
Noncontrolling Intcrest in Subsidiary Profit
Balance as on 30 September 2016
Balance as on 30 September 2015
Hcad of FAD(C.C.)
1)haka,26()ct()bcr 2016
Paid-up Capital
T"k"
lρ59,669,551
(342409,037)
(371,861,6721
lp59,669,551
(342409,0371
5429μ5 (5429,445)
6,788,738,880 2,274,108,466 75,556,891 372,259,728 906,561,534 292,550,401 10,709,775,900
6,788,738,880 1,746,878,452 35,495,817 382,320,802 293,884,546 292,251,424 9,539,569,921
四6,788,738,880 1,902,246,794 75,556,891 372,259,728 555,733,247 297,979,846 9,992,515,386
6,788,738,880 1,902,246,794 75,556,891 372,259,728 555,733,247 297,979,846 9,992,515,386
371,861,672
Statutory Reserve
Taka
Ch
Selective Notes to the Financial StatementsAs at and fot the 3rd quartet ended 30 September 2016
01. Basis of Accounting
The financial statements as at and for the 3..1 quarter ended 30 September 2076 have been prepared in
accordance with Bangladesh Accounting Standard (BAS)-3a "Intetim Financial Reporting", Bangladesh
Financial Reporting Standard, Income Tax Ordinance 1984, Bangladesh Bank Cfuculars, the Securities and
Exchange Rules 1987 and other laws and rules applicable in Bangladesh.
02. Accounting Policies
In case of preparing these Frnancial statements, the Accounting Policies which have been followed are same as
applied in the Ftnancial statements of the Bank for preceding penod.
03. Cash and Cash Equivalent
As per BRPD circular no. 15 dated November 09,2009 and BAS-7, cash and cash equivalents include notes
and coins in hand, balances lying with ATM, uruestdcted balance held with Bangladesh Bank and its agent
Bank, balance with other Banks and Financial Institutions, Placement with Banks and other Financial
Institutions.
04. Basis of Consolidation
The consolidated financial statements have been prepared in accordance with Bangladesh Financial Reporting
Standards 10-"Consolidated Financial Statements". The Consolidated Financial Statements are prepared as at
and for the 3'd quartet ended 30 September 2076.
All intra-goup transactions, balances, income and expenses are eliminated at the time of consolidation.
05. Provisions
a) General Investments and Investment in Shares & Securities
Provision for general investment and investment in shates & securities has been made as per directives of
Bangladesh Bank issued from time to time.
b) Taxation
Provision for income tax has been made on taxable income after necessary add back in accordance with the
provisions of Finance Act 2076, The Income Tax Ordinance 1984 and other relevant legislation as applicable.
06. Depreciation on Property, Plant and Equipment
As required in paragtaph 43 of IAS 16-Propefty, Plant and Equipment, depreciation has been charged at the
reducing balance method, except on motor vehicles and building on which sraight-line method is applied.
Depreciation on addition to fxed assets is charged when the asset is available for use and the charge ofdepreciation is ceased after the asset is sold out/drsposed off/fully depreciated.
07. Retirement Benefits of Employees
Required in BAS-19 Employee Benefit, provident fund and gatuity benefits are given to eligible staff of the
bank in accordance with the locally registered rules and the entity shall disclose the amount recognized as an
expense for de{ined contribution plan.
08. Others
Figures relating to previous year/period rncluded in this period have been rearranged whetever considered
necessary.