Commercial Bank | Annual Report 2008

For the year ended December 31,

Attributable to equity holders of the parent

Other Reserves

Ordinary
Voting
Shares

Ordinary
Non-Voting
Shares

Share
Premium

Cumulative. Red.
Preference
Shares

Stated
Capital

Statutory
Reserve
Fund

Primary Dealer
Special Risk
Reserve

Capital
Redemption
Reserve

Revaluation
Reserve

General
Reserve

Foreign currency
Translation
Reserve

Unappropriated*
Profit/(Loss)
carried forward

Total

Minority
Interest

Total
Equity

Note

Rs.'000

GROUP

Balance as at 31.12.2006

1,335,183

93,003

1,728,793

1,000,000

–

1,429,319

6,244

906,555

1,288,177

7,971,914

(416,049)

673,321

16,016,460

11,023

16,027,483

Final dividend for 2006

–

(501,426)

–

(501,426)

Issue of ordinary shares under Employee Share Option Plan

9,196

–

67,368

–

76,564

–

76,564

Rights issue of ordinary shares

402,890

27,901

5,310,449

–

5,741,240

–

5,741,240

Bonus issue of ordinary shares

582,043

40,302

–

(622,345)

–

Balance of CRRF transferred to General Reserve

–

(284,210)

–

284,210

–

Share issue expenses written-off

–

(82,321)

–

(82,321)

–

(82,321)

Transferred to Stated Capital

(2,329,312)

(161,206)

(7,024,289)

(1,000,000)

10,514,807

–

Realised revaluation surplus on disposal of property

–

(1,482)

–

1,482

–

Surplus on revaluation of property

–

311,968

–

311,968

17,982

329,950

Deferred tax effect on revaluation surplus on property

–

(109,189)

–

(109,189)

(6,294)

(115,483)

Net unrealised loss from translation of Financial Statements of Bangladesh operation

–

(11,436)

–

(11,436)

–

(11,436)

Net profit for 2007

–

4,149,021

3,432

4,152,453

Transfers during the year

–

205,178

17,414

–

2,022,243

–

(2,244,835)

–

Dividends for 2007

–

(1,232,990)

(2,354)

(1,235,344)

Balance as at 31.12.2007

–

10,514,807

1,634,497

23,658

–

1,489,474

10,278,367

(427,485)

844,573

24,357,891

23,789

24,381,680

Final dividend for 2007

–

(623,295)

–

(623,295)

Redemption of preference shares

–

(1,000,000)

–

(1,000,000)

–

(1,000,000)

Issue of ordinary shares under Employee Share Option Plan

–

33,316

–

33,316

–

33,316

Deferred Tax on re-classification of revaluation surplus to retained earnings

–

18,183

1,048

19,231

Surplus on revaluation of property

–

39,302

–

39,302

2,265

41,567

Deferred tax effect on revaluation surplus on property

–

4,970

–

4,970

286

5,256

Net unrealised gain from translation of Financial Statements of Bangladesh operation

–

65,689

–

65,689

–

65,689

Net profit for 2008

–

4,118,884

1,522

4,120,406

Transfers during the year

–

213,419

25,151

–

2,240,454

–

(2,479,024)

–

Dividends for 2008

–

(788,890)

(1,962)

(790,852)

Balance as at 31.12.2008

–

9,548,123

1,847,916

48,809

–

1,533,746

12,518,821

(361,796)

1,090,431

26,226,050

26,948

26,252,998

BANK

Balance as at 31.12.2006

1,335,183

93,003

1,728,793

1,000,000

–

1,428,500

6,244

906,555

1,288,177

7,971,914

(416,049)

500,521

15,842,841

–

15,842,841

Final dividend for 2006

–

(501,426)

–

(501,426)

Issue of ordinary shares under Employee Share Option Plan

9,196

–

67,368

–

76,564

–

76,564

Rights issue of ordinary shares

402,890

27,901

5,310,449

–

5,741,240

–

5,741,240

Bonus issue of ordinary shares

582,043

40,302

–

(622,345)

–

Balance of CRRF transferred to General Reserve

–

(284,210)

–

284,210

–

Share issue expenses written-off

–

(82,321)

–

(82,321)

–

(82,321)

Transferred to Stated Capital

(2,329,312)

(161,206)

(7,024,289)

(1,000,000)

10,514,807

–

Realised revaluation surplus on disposal of property

–

(1,482)

–

1,482

–

Net unrealised loss from translation of Financial Statements of Bangladesh operation

–

(11,436)

–

(11,436)

–

(11,436)

Net profit for 2007

–

4,103,565

–

4,103,565

Transfers during the year

–

205,178

17,414

–

2,022,243

–

(2,244,835)

–

Dividends for 2007

–

(1,232,990)

–

(1,232,990)

Balance as at 31.12.2007

–

10,514,807

1,633,678

23,658

–

1,286,695

10,278,367

(427,485)

626,317

23,936,037

–

23,936,037

Final dividend for 2007

–

(623,295)

–

(623,295)

Redemption of preference shares

–

(1,000,000)

–

(1,000,000)

–

(1,000,000)

Issue of ordinary shares under Employee Share Option Plan

–

33,316

–

33,316

–

33,316

Net unrealised gain from translation of Financial Statements of Bangladesh operation

–

65,689

–

65,689

–

65,689

Net profit for 2008

–

4,268,372

–

4,268,372

Transfers during the year

–

213,419

25,151

–

2,240,454

–

(2,479,024)

–

Dividends for 2008

–

(788,890)

–

(788,890)

Balance as at 31.12.2008

–

9,548,123

1,847,097

48,809

–

1,286,695

12,518,821

(361,796)

1,003,480

25,891,229

–

25,891,229