Balance Sheet

As at 30 June 2010
Notes PROPERTY AND ASSETS Cash In hand Balance with Bangladesh Bank and its agent Bank Balance with other banks and nancial institutions in Bangladesh Money at call on short notice Investments Government Others Loans and advances Fixed assets including land,building,furniture and equipments Other assets Total Assets LIABILITIES AND CAPITAL LIABILITIES Borrowing from other banks and nancial institutions Deposit and others accounts Fixed deposits Other deposits Other liabilities Total Liabilities Shareholders equity Paid-up capital Share premium Statutory reserve Other reserve Retained earnings Total equity Total liabilities and shareholders equity OFF-BALANCE SHEET ITEMS Contingent liabilities 16.1 Acceptances and endorsement Letter of guarantee Irrevocable letter of credits Bills for collection Other contingent liabilities Total contingent liabilities Other commitments 16.2 Documentary credit & short-term trade related transaction Forward assets purchased and forward deposit placed Undrawn note issuance and revolving underwriting facilities Undrawn formal standby facilities, credit lines and other commitments Total other commitments Total Off-Balance Sheet items including contingent liabilities 67,714,219 67,714,219 349,720,000 349,720,000 417,434,219 77,670,138 77,670,138 502,000,000 502,000,000 579,670,138 3 3.1 3.2 4 5 1,005,493,321 1,005,493,321 6 7 8 18,062,666,341 45,942,179 83,261,038 22,048,792,035 71,943,526 71,943,526 13,551,165,751 46,355,859 109,648,792 16,385,681,157 2010 Taka 61,825 505,572,976 505,634,801 2,345,794,355 2009 Taka 59,719 302,357,048 302,416,767 2,304,150,462 -

9 10

6,522,057,753 12,630,107,690 -

4,316,078,702 9,845,597,129 1,157,092,124 15,318,767,955 351,040,000 154,960,000 204,885,128 233,000,000 123,028,074 1,066,913,202 16,385,681,157

11 12 13 14 15 31

1,592,032,532 20,744,197,975 403,690,000 154,960,000 266,355,300 308,000,000 171,588,760 1,304,594,060 22,048,792,035

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

Faruq A Choudhury Chairman

Nasir A. Choudhury Director

Q.M. Shariful Ala Managing Director & CEO

S. H. Aslam Habib Company Secretary & CFO

Dated, Dhaka; 23 September 2010

S. F. Ahmed & Co. Chartered Accountants

Annual Report 2009-2010

49

Prot and Loss Account

For the year ended 30 June 2010
Notes
Interest Income Interest paid on deposits and borrowings etc 17 18

Delta Brac Housing Finance Corporation Limited

2009-2010 Taka
2,309,545,845 1,545,863,283

2008-2009 Taka
1,864,562,141 1,302,624,132

Net Interest Income

Income from investment Commission, exchange and brokerage Other operating income 19 20 21

763,682,562
161,223,910 106,251,581 5,588,177

561,938,009
3,537,391 78,087,340 5,633,796

Total operating income

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 expenses of FI's assets Other expenses 22 23 24 25 26 27 28 29 30

1,036,746,230
158,339,040 17,370,935 1,659,823 6,040,759 13,992,490 8,550,000 359,355 189,750 16,165,695 23,345,713

649,196,536
100,896,428 15,175,099 343,286 5,365,911 9,764,616 8,550,000 385,305 156,750 13,033,029 17,113,899

Total operating expenses Prot before provisions Provision for:

Loans and advances Diminution in value of investments 11.2.1,2 11.2.3

246,013,560 790,732,670
139,164,439 11,576,664

170,784,323 478,412,213
45,018,499 431,141

Total provisions Prot before tax

Provision for tax Current Deferred 11.3 8.3,11.3

150,741,103 639,991,567
298,637,619 34,003,090 332,640,709

45,449,640 432,962,573
201,976,552 (2,906,279) 199,070,273

Prot after tax Appropriations

Statutory reserve General reserve Dividend on preference share

307,350,858

233,892,300

61,470,172 10,000,000 71,470,172

46,778,460 10,000,000 56,778,460

Retained surplus Earnings Per Share (restated)

32

235,880,686 74

177,113,840 55

Faruq A Choudhury Chairman

Nasir A. Choudhury Director

Q.M. Shariful Ala Managing Director & CEO

S. H. Aslam Habib Company Secretary & CFO

Dated, Dhaka; 23 September 2010

S. F. Ahmed & Co. Chartered Accountants

50

Annual Report 2009-2010

Cash Flow Statement (Direct Method)

For the year ended 30 June 2010
2009-2010 Taka 2008-2009 Taka
1,841,461,551 (1,148,647,644) 78,087,340 (113,235,451) (43,100,839) (287,739,316) 7,325,143

Cash ows from operating activities

Interest receipts in cash Interest payments Dividend receipts Fees and commission receipts in cash Cash payments to employees Cash payments to suppliers and various operating expenses Income tax paid Receipts from other operating activities(Note-38) 2,314,137,153 (1,393,605,393) 3,873,550 106,251,581 (153,788,881) (50,989,186) (230,903,940) 162,465,315

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 Trading liabilities Other liabilities Cash utilised in operating assets and liabilities

757,440,199

334,150,784

Net cash from operating activities Cash ows from investing activities
Investment in trading securities Investment in bonds (Banglalink) Other investments Purchase of property, plant & equipment Proceeds from disposal of property, plant & equipment

(4,526,677,410) 2,147,268 5,040,749,992 35,570,171 551,790,021 1,309,230,220

(3,516,918,888) (3,898,470) 4,749,813,010 (663,805) 1,228,331,847 1,562,482,631

Net cash from investing activities Cash ows from nancing activities
Receipts from loan and debt securities Payments for redemption of loan & debt security Payment of Preference share dividend Cash dividend paid Payment for nance lease

(711,550,295) (200,000,000) (21,999,500) (9,513,211) 87,167 (942,975,839)

(71,943,526) (9,908,420) 2,107,231 (79,744,715)

(7,480,700) (10,000,000) (59,670,000) (1,462,075) (78,612,775) 287,641,606 2,227,338,912

(7,480,700) (10,000,000) (594,737) (18,075,437) 1,464,662,479 762,676,433

Net cash from nancing activities Net increase in cash and cash equivalents Cash and cash equivalents (net off overdraft) at the beginning of the period Cash and cash equivalents ( net off overdraft) at the end of the period

2,514,980,518

2,227,338,912

Faruq A Choudhury Chairman

Nasir A. Choudhury Director

Q.M. Shariful Ala Managing Director & CEO

S. H. Aslam Habib Company Secretary & CFO

Dated, Dhaka; 23 September 2010

S. F. Ahmed & Co. Chartered Accountants

Annual Report 2009-2010

51

52

Annual Report 2009-2010

Statement of Changes in Equity

For the year ended June 30, 2010

Amount in Taka Share Capital 351,040,000 52,650,000 403,690,000 351,040,000 154,960,000 154,960,000 154,960,000 Share Premium Total 1,066,913,202 307,350,858 (10,000,000) (59,670,000) 1,304,594,060 1,066,913,202

Particulars

Balance as on 1 July, 2009 Net prot (after tax) for the period Transferred to reserve funds Stock dividend issued Preference share dividend Dividend paid for previous year Balance as on June 30, 2010 Balance as on June 30, 2009

Statutory General & Reserve Other Reserves 204,885,128 233,000,000 61,470,172 75,000,000 266,355,300 308,000,000 204,885,128 233,000,000

Retained Earnings 123,028,074 307,350,858 (136,470,172) (52,650,000) (10,000,000) (59,670,000) 171,588,760 123,028,074

Delta Brac Housing Finance Corporation Limited

Faruq A Choudhury Chairman

Nasir A. Choudhury Director

Q.M. Shariful Ala Managing Director & CEO

S. H. Aslam Habib Company Secretary & CFO

Liquidity Statement
As at June 30, 2010

Particulars

upto 1 Month

1 to 3 Months 6,587,699 650,000,000 283,924,069 1,409,925 11,430,872 953,352,565 107,885,931 603,914,053 256,561,281 968,361,265 (15,008,700) 443,630,234 2,162,722,377 384,680,900 2,991,033,511 (812,937,531) 27,558,070 654,179,816 221,000,000 1,229,532,550 6,344,663 39,480,881 2,178,095,980

3 to 12 Months

1 to 5 Years

Above 5 Years

Total

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 xture Other assets Non-banking assets Total Assets Liabilities Borrowing from other banks and nancial institution Deposits Provision and other liabilities Total liabilities Net liquidity gap 471,489,032 1,037,194,355 582,493,821 188,839,054 704,962 23,589,277 2,304,310,501 1,189,133,733 346,772,764 183,431,607 1,719,338,104 584,972,397

505,634,801 4,420,184 - 2,345,794,355 179,500,000 22,499,500 1,005,493,321 5,469,724,022 10,890,646,646 18,062,666,341 19,865,872 17,616,757 45,942,179 7,288,390 1,471,618 83,261,038 5,680,798,468 10,932,234,521 22,048,792,035 1,811,944,158 2,969,463,697 6,522,057,753 470,937,913 9,045,760,583 12,630,107,690 402,507,717 364,851,027 1,592,032,532 2,685,389,788 12,380,075,307 20,744,197,975 2,995,408,680 (1,447,840,786) 1,304,594,060

Faruq A Choudhury Chairman

Nasir A. Choudhury Director

Q.M. Shariful Ala Managing Director & CEO

S. H. Aslam Habib Company Secretary & CFO

Annual Report 2009-2010

53