ONE Bank Limited and its Subsidiary
Consolidated Balance Sheet
As at March 31, 2015
Amount in Taka
March 31, 2015 December 31, 2014
PROPERTY AND ASSETS
Cash
Cash in hand ( including foreign currencies) 1,579,613,180 812,064,082
Balance with Bangladesh Bank and its agent bank(s)
(Including foreign currencies) 7,276,935,353 8,193,901,158
8,856,548,533 9,005,965,240
Balance with other banks and financial institutions
In Bangladesh 3,847,405,668 707,953,962
Outside Bangladesh 1,366,054,503 870,788,660
5,213,460,172 1,578,742,622
Money at call on short notice 2,650,000,000 150,000,000
Investments
Government 12,942,941,691 13,092,499,305
Others 5,221,114,816 3,432,875,749
18,164,056,507 16,525,375,054
Loans and Advances
Loans, cash credit, overdraft etc. 87,577,586,322 87,678,512,427
Bills purchased and discounted 1,948,000,176 2,345,518,678
89,525,586,498 90,024,031,105
Fixed Assets including premises, furnitures & fixtures 1,449,221,350 1,399,382,714
Other Assets 3,576,452,007 2,745,212,430
Non-banking Assets 283,786,525 283,786,525
Total Assets 129,719,111,591 121,712,495,690
LIABILITIES AND CAPITAL
Liabilities
Borrowings from other banks, financial institutions and agents 78,914,460 1,317,260,683
Deposits and other accounts
Current accounts and other accounts 14,348,325,371 13,279,372,176
Bills payable 2,452,597,684 2,525,148,799
Savings deposits 10,174,801,948 9,777,300,687
Term deposits 80,825,927,831 74,713,237,249
107,801,652,835 100,295,058,911
Other Liabilities 9,844,222,665 8,308,655,150
Subordinated -Debt 2,200,000,000 2,200,000,000
Total Liabilities 119,924,789,961 112,120,974,744
Capital/Shareholders' equity
Paid-up Capital 5,243,777,020 5,243,777,020
Statutory Reserve 3,441,415,091 3,305,962,560
Surplus in Profit & Loss Account 1,061,694,429 985,135,415
Revaluation Reserve for Securities 41,069,250 48,491,839
Total Shareholders' equity 9,787,955,790 9,583,366,834
Non-Controlling Interest 6,365,841 8,154,112
Total Liability and Shareholders' equity 129,719,111,591 121,712,495,690
OFF BALANCE SHEET ITEMS
Contingent Liabilities
Acceptances and Endorsements 20,890,306,006 20,262,626,353
Letters of Guarantee 10,137,098,291 10,878,319,164
Irrevocable Letters of Credit 19,432,210,444 16,384,817,490
Bills for Collection 1,628,788,552 2,261,309,221
Other Contingent Liabilities - -
Total Contingent Liabilities 52,088,403,294 49,787,072,228
Other Commitments - -
Total off-Balance Sheet items including contingent liabilities 52,088,403,294 49,787,072,228
Md. Aftab Uddin Khan M. Fakhrul Alam
SEVP & Chief Financial Officer Managing Director
ONE Bank Limited and its Subsidiary
Consolidated Profit & Loss Account
For the period from January 01, 2015 to March 31, 2015
Amount in Taka
January to March January to March
2015 2014
Interest income 2,840,817,624 2,650,912,468
Interest paid on deposits and borrowings etc. (1,811,102,872) (1,712,089,963)
Net interest income 1,029,714,751 938,822,505
Investment Income 290,359,342 159,244,028
Commission, Exchange and Brokerage 290,015,597 283,157,854
Other operating income 73,997,245 67,285,854
Total operating income (A) 1,684,086,936 1,448,510,241
Salaries and allowances 425,517,869 390,716,697
Rent, taxes, insurance, electricity etc. 98,310,882 96,549,755
Legal expenses 2,961,100 1,472,819
Postage, stamps, telecommunication etc. 15,382,445 15,896,853
Directors fees 300,000 280,000
Stationery, Printings, advertisements etc. 25,537,070 32,099,652
Managing Director's salary and allowances 2,634,999 2,634,999
Depreciation, leasing expense and repair of bank's assets 80,420,076 66,000,119
Other expenses 96,468,729 90,621,995
Total operating expenses (B) 747,533,171 696,272,890
Profit/ (loss) before provision and tax (C=A-B) 936,553,765 752,237,351
Provision for loans and advances
Specific provision 488,948,861 227,099,758
General provision (253,358,227) (36,838,426)
235,590,633 190,261,332
Provision for off-balance sheet items 23,013,311 18,593,787
Provision for diminution in value of share 188,612,996 162,016,194
Provision for other assets (9,115,356) (618,125)
Total Provision (D) 438,101,585 370,253,187
Profit/(loss) before taxes for the period (E=C-D) 498,452,181 381,984,164
Provision for taxation
Current tax 283,728,906 327,391,173
Deferred tax expenses /(income) 4,500,000 5,000,000
Net Profit after taxation for the period 210,223,275 49,592,991
Attributable to:
Shareholders of the ONE Bank Ltd 212,011,545 51,401,438
Non-Controlling Interest (1,788,271) (1,808,447)
210,223,275 49,592,991
Retained Surplus brought forward 985,135,415 895,565,966
1,197,146,960 946,967,404
Appropriations:
Statutory Reserve 135,452,532 112,565,922
General Reserve - -
135,452,532 112,565,922
Retained Surplus 1,061,694,429 834,401,482
Earning per share (EPS) 0.40 0.10
Md. Aftab Uddin Khan M. Fakhrul Alam
SEVP & Chief Financial Officer Managing Director
ONE Bank Limited and its Subsidiary
Consolidated Cash Flow Statement
For the period from January 01, 2015 to March 31, 2015
Amount in Taka
January to March January to March
2015 2014
Cash flows from operating activities
Interest receipts in cash 2,686,862,146 2,655,747,614
Interest payments (1,348,968,262) (1,378,714,820)
Dividend receipts 4,884 1,031,429
Fee and commission receipts in cash 155,585,300 155,041,892
Cash payments to employees (345,767,666) (310,756,933)
Cash payments to suppliers (44,668,859) (57,658,184)
Income Taxes paid (139,500,990) (158,638,026)
Receipts from other operating activities 208,192,293 195,393,166
Payment for other operating activities (104,039,622) (274,227,297)
Cash generated from operating activities before changes
in operating assets and liabilities 1,067,699,223 827,218,842
Increase/(decrease) in operating assets and liabilities
Loans and advances to customers (207,886) 2,020,214,914
Other current assets (78,492,566) (419,561,687)
Borrowing from other banking companies, agencies etc. (1,238,346,223) (11,533,863)
Deposits from other banks (7,900,000,000) 1,400,000,000
Deposits from customers 14,629,255,694 (599,355,311)
Other liabilities 338,427,323 194,089,636
A Net cash used in/ from operating activities 6,818,335,566 3,411,072,531
Cash flows from investing activities
Payments for purchase of securities (2,848,525,589) (5,525,028,235)
Receipts from sale of securities 1,531,806,470 3,563,591,251
Net Purchase/sale of fixed assets (46,988,604) (97,217,429)
B Net cash used in investing activities (1,363,707,723) (2,058,654,413)
Cash flows from financing activities
Receipts from issue of ordinary shares 531,000,100 -
Dividend paid - -
C Net cash used for financial activities 531,000,100 -
D Net increase/(decrease) in cash and cash equivalent (A+B+C) 5,985,627,942 1,352,418,119
E Opening cash and cash equivalent 10,736,172,762 11,130,656,818
F Closing cash and cash equivalents (D+E) 16,721,800,704 12,483,074,937
Closing cash and cash equivalents
Cash in hand 1,579,615,416 1,146,388,741
Cash with Bangladesh Bank & its agent(s) 7,276,935,353 9,186,749,193
Cash with other banks and financial institutions 5,213,457,936 1,796,019,203
Money at call on short notice 2,650,000,000 350,000,000
Prize bonds 1,792,000 3,917,800
16,721,800,704 12,483,074,937
Md. Aftab Uddin Khan M. Fakhrul Alam
SEVP & Chief Financial Officer Managing Director
ONE Bank Limited and its Subsidiary
Consolidated Statement of changes in Equity
For the period from January 01, 2015 to March 31, 2015
Amount in Taka
Revaluation
Statutory Profit & Loss Non-Controlling
Particulars Paid-up Capital Reserve for Total Total
Reserve Account Interest
Securities
Balance as at January 01, 2015 5,243,777,020 3,305,962,560 48,491,839 985,135,415 9,583,366,834 8,154,112 9,591,520,946
Changes in accounting policy - - - - - -
Restated balance 5,243,777,020 3,305,962,560 48,491,839 985,135,415 9,583,366,834 8,154,112 9,591,520,946
Surplus of Revaluation of Reserve for - - -
- - - -
Securities
Adjustment of Revaluation of Reserve for
- - (7,422,589) - (7,422,589) - (7,422,589)
Securities
Net Profit after Tax for the period - - - 212,011,545 212,011,545 (1,788,271) 210,223,275
Profit transferred to Statutory Reserve - 135,452,532 - (135,452,532) - -
Balance as at March 31, 2015 5,243,777,020 3,441,415,092 41,069,250 1,061,694,429 9,787,955,790 6,365,841 9,794,321,632
Balance as at March 31, 2014 4,767,070,020 2,552,844,057 63,786,924 1,059,533,325 8,443,234,327 10,993,444 8,454,227,771
Md. Aftab Uddin Khan M. Fakhrul Alam
SEVP & Chief Financial Officer Managing Director
ONE Bank Limited
Balance Sheet
As at March 31, 2015
Amount in Taka
March 31, 2015 December 31, 2014
PROPERTY AND ASSETS
Cash
Cash in hand ( including foreign currencies) 1,579,613,180 812,047,402
Balance with Bangladesh Bank and its agent bank(s)
(Including foreign currencies) 7,276,935,353 8,193,901,158
8,856,548,533 9,005,948,560
Balance with other banks and financial institutions
In Bangladesh 3,296,657,967 692,281,209
Outside Bangladesh 1,366,054,503 870,788,660
4,662,712,471 1,563,069,869
Money at call on short notice 2,650,000,000 150,000,000
Investments
Government 12,942,941,691 13,092,499,305
Others 3,419,604,294 1,631,365,227
16,362,545,985 14,723,864,532
Loans and Advances
Loans, cash credit, overdraft etc. 88,072,215,647 88,153,494,077
Bills purchased and discounted 1,948,000,176 2,345,518,678
90,020,215,823 90,499,012,755
Fixed Assets including premises, furnitures & fixtures 1,442,497,803 1,395,509,199
Other Assets 5,019,070,085 4,198,748,913
Non-banking Assets 283,786,525 283,786,525
Total Assets 129,297,377,225 121,819,940,353
LIABILITIES AND CAPITAL
Liabilities
Borrowings from other banks, financial institutions and agents 78,914,460 1,317,260,683
Deposits and other accounts
Current accounts and other accounts 14,348,325,371 13,279,372,176
Bills payable 2,452,597,684 2,525,148,799
Savings deposits 10,174,801,948 9,777,300,687
Term deposits 80,825,927,831 74,713,237,249
107,801,652,835 100,295,058,911
Other Liabilities 8,610,031,148 7,782,460,725
Subordinated Debt 2,200,000,000 2,200,000,000
Total Liabilities 118,690,598,443 111,594,780,320
Capital/Shareholders' equity
Paid-up Capital 5,243,777,020 5,243,777,020
Statutory Reserve 3,441,415,091 3,305,962,560
Surplus in Profit & Loss Account 1,880,517,420 1,626,928,614
Revaluation Reserve for HTM Securities 41,069,250 48,491,839
Total Shareholders' equity 10,606,778,782 10,225,160,033
Total Liability and Shareholders' equity 129,297,377,225 121,819,940,353
OFF BALANCE SHEET ITEMS
Contingent Liabilities
Acceptances and Endorsements 20,890,306,006 20,262,626,353
Letters of Guarantee 10,137,098,291 10,878,319,164
Irrevocable Letters of Credit 19,432,210,444 16,384,817,490
Bills for Collection 1,628,788,552 2,261,309,221
Other Contingent Liabilities - -
Total Contingent Liabilities 52,088,403,294 49,787,072,228
Other Commitments - -
Total off-Balance Sheet items including contingent liabilities 52,088,403,294 49,787,072,228
Md. Aftab Uddin Khan M. Fakhrul Alam
SEVP & Chief Financial Officer Managing Director
ONE Bank Limited
Profit & Loss Account
For the period from January 01, 2015 to March 31, 2015
Amount in Taka
January to March January to March
2015 2014
Interest income 2,855,565,053 2,668,679,054
Interest paid on deposits and borrowings etc. (1,811,102,872) (1,712,089,963)
Net interest income 1,044,462,180 956,589,091
Investment Income 290,354,592 159,244,028
Commission, Exchange and Brokerage 288,192,591 283,159,079
Other operating income 73,937,602 67,285,854
Total operating income (A) 1,696,946,965 1,466,278,052
Salaries and allowances 423,859,130 389,988,788
Rent, taxes, insurance, electricity etc. 98,310,882 96,549,755
Legal expenses 2,961,100 1,472,819
Postage, stamps, telecommunication etc. 15,382,445 15,896,853
Directors fees 300,000 280,000
Stationery, Printings, advertisements etc. 25,519,915 31,864,849
Managing Director's salary and allowances 2,634,999 2,634,999
Depreciation, leasing expense and repair of bank's assets 80,138,050 65,943,492
Other expenses 95,517,190 90,579,895
Total operating expenses (B) 744,623,712 695,211,451
Profit/ (loss) before provision and tax (C=A-B) 952,323,253 771,066,601
Provision for loans and advances
Specific provision 488,948,861 227,099,758
General provision (253,358,227) (36,838,426)
235,590,633 190,261,332
Provision for off-balance sheet items 23,013,311 18,593,787
Provision for diminution in value of share 25,572,005 -
Provision for other assets (9,115,356) (618,125)
Total Provision (D) 275,060,594 208,236,993
Profit/ (loss) before taxes for the period (E=C-D) 677,262,660 562,829,608
Provision for taxation
Current tax 283,721,322 327,391,173
Deffered tax expenses/ (income) 4,500,000 5,000,000
Profit after tax for the period 389,041,337 230,438,434
Retained Surplus brought forward 1,626,928,614 1,077,173,216
2,015,969,952 1,307,611,650
Appropriations:
Statutory Reserve 135,452,532 112,565,922
General Reserve - -
135,452,532 112,565,922
Retained Surplus 1,880,517,420 1,195,045,729
Earning per share (EPS) 0.74 0.44
Md. Aftab Uddin Khan M. Fakhrul Alam
SEVP & Chief Financial Officer Managing Director
ONE Bank Limited
Cash Flow Statement
For the period from January 01, 2015 to March 31, 2015
Amount in Taka
January to March January to March
2015 2014
Cash flows from operating activities
Interest receipts in cash 2,686,221,624 2,655,747,614
Interest payments (1,348,968,262) (1,378,714,820)
Dividend receipts 134 1,031,429
Fee and commission receipts in cash 153,762,294 155,041,892
Cash payments to employees (345,767,666) (310,756,933)
Cash payments to suppliers (44,668,859) (57,658,184)
Income taxes paid (139,283,621) (158,638,026)
Receipts from other operating activities 208,132,649 195,393,166
Payment for other operating activities (103,867,672) (273,964,262)
Cash generated from operating activities before changes in
operating assets and liabilities 1,065,560,620 827,481,876
Increase/(decrease) in operating assets and liabilities
Loans and advances to customers (429,414) 2,020,214,914
Other current assets (65,752,143) (419,536,687)
Borrowing from other banking companies, agencies etc. (1,238,346,223) (11,533,863)
Deposits from banks (7,900,000,000) 1,400,000,000
Deposits from customers 14,629,255,694 (599,355,311)
Other liabilities 323,988,863 194,089,638
A Net cash used in/ from operating activities 6,814,277,398 3,411,360,567
Cash flow from investing activities
Payments for purchase of securities (2,848,525,589) (5,525,028,235)
Receipts from sale of securities 1,531,806,470 3,563,591,251
Net Purchase/sale of fixed assets (46,988,604) (94,857,969)
B Net cash used in investing activities (1,363,707,723) (2,056,294,953)
Cash flow from financing activities
Receipts from issue of ordinary shares - -
Dividend paid - -
C Net cash from financing activities - -
D Net increase/(decrease) in cash and cash equivalent (A+B+C) 5,450,569,674 1,355,065,614
E Opening cash and cash equivalent 10,720,483,329 11,126,028,956
F Closing cash and cash equivalents (D+E) 16,171,053,003 12,481,094,570
Closing cash and cash equivalents
Cash in hand 1,579,613,180 1,146,368,741
Cash with Bangladesh Bank & its agent(s) 7,276,935,353 9,186,749,193
Cash with other banks and financial institutions 4,662,712,471 1,794,058,836
Money at call and short notice 2,650,000,000 350,000,000
Prize bonds 1,792,000 3,917,800
16,171,053,003 12,481,094,570
Md. Aftab Uddin Khan M. Fakhrul Alam
SEVP & Chief Financial Officer Managing Director
ONE Bank Limited
Statement of changes in Equity
For the period from January 01, 2015 to March 31, 2015
Amount in Taka
Revaluation
Profit & Loss Total Shareholders'
Particulars Paid-up Capital Statutory Reserve Reserve for
Account equity
Securities
Balance as at January 01, 2015 5,243,777,020 3,305,962,560 48,491,839 1,626,928,614 10,225,160,033
Changes in accounting policy - - - - -
Restated balance 5,243,777,020 3,305,962,560 48,491,839 1,626,928,614 10,225,160,033
Surplus of Revaluation of Reserve for - - -
- -
Securities
Adjustment of Revaluation of Reserve for
- - (7,422,589) - (7,422,589)
Securities
Net Profit after Tax for the period - - - 389,041,337 389,041,337
Profit transferred to Statutory Reserve - 135,452,532 - (135,452,532) -
Balance as at March 31, 2015 5,243,777,020 3,441,415,092 41,069,250 1,880,517,420 10,606,778,782
Balance as at March 31, 2014 4,767,070,020 2,552,844,058 63,786,924 1,420,177,571 8,803,878,573
Md. Aftab Uddin Khan M. Fakhrul Alam
SEVP & Chief Financial Officer Managing Director