Quarterly Financial Statement

September, 2016

Head Office

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.