Annual Report 2017/18

Annual Report 2017/18

Consolidated Statement of Financial Position

For the year ended on 16 July 2018
In NPR.
Group Bank
Note
Mid July 2018 Mid July 2017 Mid July 2016 Mid July 2018 Mid July 2017 Mid July 2016
Assets
Cash and cash equivalent 4.1 4,531,900,641 2,952,471,513 837,797,583 4,530,152,334 2,948,780,102 837,797,583
Due from Nepal Rastra Bank 4.2 5,608,171,848 5,265,301,643 2,574,787,981 5,608,171,848 5,265,301,643 2,574,787,981
Placement with Bank and Financial Institutions 4.3 649,156,510 982,243,177 2,994,663,379 649,156,510 982,243,177 2,994,663,379
Derivative financial instruments 4.4 - 17,734,529 11,003,478 - 17,734,529 11,003,478
Other trading assets 4.5 494,859,452 433,970,678 95,398,304 478,048,147 406,239,582 95,398,304
Loan and advances to B/FIs 4.6 1,645,223,405 603,938,195 928,376,115 1,645,223,405 603,938,195 928,376,115
Loans and advances to customers 4.7 67,598,133,216 51,038,471,540 39,738,413,130 67,598,133,761 51,038,471,540 39,738,413,130
Investment securities 4.8 9,615,731,842 6,444,154,180 7,703,158,249 9,413,443,775 429,154,180 7,676,014,824
Current tax assets 4.9 - 6,733,863 11,766,488 - 17,139,730 11,766,488
Investment in susidiaries 4.10 - - - 250,000,000 110,000,000 110,000,000
Investment in associates 4.11 - - - - - -
Investment property 4.12 - - - - - -
Property and equipment 4.13 889,501,757 722,470,711 654,874,507 881,846,292 713,080,633 646,548,160
Goodwill and Intangible assets 4.14 58,140,309 4,367,320 2,758,412 56,550,539 3,315,403 2,758,412
Deferred tax assets 4.15 50,605,018 - - 50,151,213 - -
Other assets 4.16 689,951,809 968,870,818 501,682,977 661,074,779 946,304,967 501,028,043
Total Assets 91,831,375,806 69,440,728,169 56,054,680,603 91,821,952,603 69,481,703,681 56,128,555,897
Liabilities
Due to Bank and Financial Instituions 4.17 1,346,959,039 2,103,519,307 4,981,671,102 1,346,959,039 2,103,519,307 4,981,671,102
Due to Nepal Rastra Bank 4.18 358,950,008 611,009,105 3,060,479,578 358,950,008 611,009,105 3,060,479,578
Derivative financial instruments 4.19 18,851,134 - - 18,851,134 - -
Deposits from customers 4.20 77,805,318,203 55,686,614,340 41,585,362,372 77,849,380,056 56,161,055,860 41,664,487,644
Borrowing 4.21 - - - - - -
Current Tax Liabilities 4.9 69,570,852 - - 66,294,857 - -
Provisions 4.22 12,572,748 43,636,197 22,701,864 11,817,943 43,355,931 22,701,864
Deferred tax liabilities 4.15 - 31,035,758 15,953,905 - 30,923,343 15,953,905
Other liabilities 4.23 1,040,306,882 1,441,628,552 482,014,300 1,011,814,065 1,013,927,072 481,138,842
Debt securities issued 4.24 370,000,000 370,000,000 370,000,000 370,000,000 370,000,000 370,000,000
Subordinated Liabilities 4.25 - - - - - -
Total liabilities 81,022,528,866 60,287,443,259 50,518,183,121 81,034,067,102 60,333,790,619 50,596,432,936
Equity
Share capital 4.26 8,001,255,440 6,897,634,000 4,022,031,700 8,001,255,440 6,897,634,000 4,022,031,700
Share premium - - - - - -
Retained earnings 1,156,659,737 1,285,614,783 789,413,345 1,136,681,538 1,280,242,935 788,338,825
Reserves 4.27 1,650,931,763 970,036,128 725,052,437 1,649,948,523 970,036,128 721,752,437
Total equity attributable to equity holders 10,808,846,940 9,153,284,910 5,536,497,482 10,787,885,501 9,147,913,063 5,532,122,961
Non-controlling interest
Total Equity 10,808,846,940 9,153,284,910 5,536,497,482 10,787,885,501 9,147,913,063 5,532,122,961
Total Liabilities and Equity 91,831,375,806 69,440,728,169 56,054,680,603 91,821,952,603 69,481,703,681 56,128,555,897
Contingent liabilities and commitment 4.28 29,004,329,135 20,837,946,202 11,902,007,691 28,851,318,655 20,837,946,202 11,902,007,691
Net assets value per share 135.09 132.70 137.65 134.83 132.62 137.55

Bhuvan Dahal Binaya Kumar Shrestha Directors As per our report of even date
Chief Executive Officer Chairman Tuk Prasad Poudel Sunir Kumar Dhungel Managing
Shamba Lama Partner
Bharat Kumar Pokharel SAR Associates Chartered
Saroj Guragain Mahesh Ghimire Accountants
Chief Financial Officer Uttam Kumar Bhattarai
Date: October 31, 2018
Place: Naxal, Kathmandu
 Annual Report 2017/18

Consolidated Statement of Profit or Loss

For the year ended on 16 July 2018
In NPR.
Group Bank
Note
Current Year Previous Year Current Year Previous Year
Interest income 4.29 8,129,035,230 5,152,432,203 8,107,978,846 5,126,693,380

Interest expense 4.30 5,090,072,370 2,794,576,846 5,092,454,648 2,818,180,505

Net interest income 3,038,962,860 2,357,855,356 3,015,524,197 2,308,512,875

Fee and commission income 4.31 727,684,423 459,334,622 706,389,342 455,743,812

Fee and commission expense 4.32 50,152,348 32,044,769 50,152,348 32,044,769

Net fee and commission income 677,532,075 427,289,854 656,236,994 423,699,044

Net interest, fee and commission income 3,716,494,935 2,785,145,210 3,671,761,191 2,732,211,918

Net trading income 4.33 293,415,099 238,229,707 298,410,710 236,999,326

Other operating income 4.34 15,537,850 8,666,525 38,961,666 10,932,182

Total operating income 4,025,447,884 3,032,041,442 4,009,133,567 2,980,143,427

Impairment charge/(reversal) for loans and other losses 4.35 239,217,543 134,882,142 239,217,543 134,882,142

Net operating income 3,786,230,340 2,897,159,300 3,769,916,024 2,845,261,285

Operating expense

Personnel expenses 4.36 879,064,446 564,648,398 865,555,664 558,087,735

Other operating expenses 4.37 390,683,713 293,993,268 383,730,300 289,913,667

Depreciation & Amortisation 4.38 107,533,605 83,892,700 105,455,444 81,845,041

Operating Profit 2,408,948,577 1,954,624,935 2,415,174,616 1,915,414,843

Non operating income 4.39 914,061 41,208,786 895,458 41,207,401

Non operating expense 4.40 734,365 280,973 734,365 280,973

Profit before income tax 2,409,128,273 1,995,552,747 2,415,335,708 1,956,341,270

Income tax expense 4.41

Current Tax 777,526,986 572,657,812 774,250,990 562,158,566

Deferred Tax (56,493,106) 17,136,911 (56,418,506) 17,119,971

Profit for the period 1,688,094,393 1,405,758,024 1,697,503,224 1,377,062,733

Profit attributable to:

Equity holders of the Bank 1,688,094,393 1,405,758,024 1,697,503,224 1,377,062,733

Non-controlling interest

Profit for the period 1,688,094,393 1,405,758,024 1,697,503,224 1,377,062,733

Earnings per share

Basic earnings per share 21.10 21.56 21.22 21.12

Diluted earnings per share 21.10 21.56 21.22 21.12

Bhuvan Dahal Binaya Kumar Shrestha Directors As per our report of even date
Chief Executive Officer Chairman Tuk Prasad Poudel Sunir Kumar Dhungel Managing
Shamba Lama Partner
Bharat Kumar Pokharel SAR Associates Chartered
Saroj Guragain Mahesh Ghimire Accountants
Chief Financial Officer Uttam Kumar Bhattarai
Date: October 31, 2018
Place: Naxal, Kathmandu
Annual Report 2017/18