Call us:
880-2-9005452, 9014933
| Auditors
Report and Statement of Accounts for the year ended 30th June, 2005 |
|
|
| PROPERTY
AND ASSETS |
NOTES |
AMOUNT (IN TAKA) |
|
JUNE,
2005 |
JUNE,
2004 |
||
FIXED
ASSETS
|
|||
Fixed Assets at cost
less depreciation |
3 |
7,294,184.00 |
6,046,305.00 |
CURRENT
ASSETS
|
|||
Outstanding Loan |
4 |
211,399,739.00 |
166,526,136.00 |
Staff advance |
5 |
1,602,471.00 |
1,415,310.00 |
Other assete |
6 |
4,931,986.35 |
3,407,750.72 |
Investment in FDR |
7 |
3,135,691.00 |
5,249,884.00 |
Accrued Interest on
FDR |
8 |
130,040.00 |
2,213,121.00 |
CLOSING
BALANCE |
9 |
7,646,261.44 |
4,599,720.83 |
Cash in hand |
686,063.00 |
362,041.00 |
|
BANK BALANCE: |
6,960,198.44 |
4,237,679.83 |
|
Cash at Bank |
4,950,458.44 |
4,237,679.83 |
|
Loan Loss investment
at Bank |
1,938,263.00 |
||
DMF at bank |
71,477.00 |
||
 |
|
||
| 236,140,372,79 |
187,466,48.55 |
||
FUND
AND LIABILITIES |
230,245,659.61 |
183,493,317.20 |
|
Capital Fund |
10 |
64,159,980.01 |
48,061,491.84 |
Staff Welfare Fund |
11 |
302,021.85 |
166,613.39 |
Emergency Fund |
12 |
4,805,987.00 |
4,055,540.00 |
Loan Loss Provision
Fund |
13 |
7,302,037.00 |
5,429,671.00 |
Long Term Loan |
14 |
38,593,233.75 |
41,463,634.97 |
Member's Savings (Compulsary) |
15 |
114,019,797.00 |
84,316,366.00 |
Disaster Management
Fund |
16 |
460,544.00 |
- |
Education Schoolarship
Fund |
17 |
602,059.00 |
- |
CURRENT
LIABILITIES |
5,894,713.18 |
3,973,101.35 |
|
Saving Account |
18 |
3,841,498.00 |
2,931,675.00 |
Center Fund |
19 |
43,464.00 |
- |
Risk Insurance |
20 |
155,143.00 |
- |
Agriculture |
21 |
398,469.00 |
343,554.00 |
Health |
22 |
191,546.00 |
175,721.00 |
Others liabilities |
23 |
1,264,593.18 |
522,151.35 |
| |
|
||
| 236,140,372.79 |
187,466,418.55 |
||
INCOME AND EXPENDITURE ACCOUNT FOR THE
YEAR ENDED 30th JUNE 2005 |
|||
INCOME:
|
|||
Service
Charge
|
47,277,485.00 |
37,243,486.00 |
|
Operating
Charge (PKSF branch)
|
2,037,642.00 |
- |
|
Interest
on Staff Advance
|
35,017.00 |
25,401.00 |
|
Interest
on FDR
|
144,419.00 |
221,312.00 |
|
Charge
from branches for overhead cost
|
11,137,372.00 |
- |
|
House
Rent
|
442,070.00 |
271,843.00 |
|
Bank Interest
|
54,856.00 |
9,818.00 |
|
House
Rent
|
697,326.00 |
598,296.00 |
|
Bank interest
|
88,904.62 |
59,734.38 |
|
Pass book
sale
|
162,750.00 |
135,355.00 |
|
Grant
Received by PKSF branch from IDF General Fund
|
625,000.00 |
- |
|
Account
Closed
|
123,559.00 |
- |
|
News Paper
Sale
|
5,170.00 |
4,439.00 |
|
Attendance
Register Sale
|
12,312.00 |
- |
|
Other
Income
|
285,155.00 |
393,326.00 |
|
| 62,300.390.00 |
38,272,872.00 |
||
EXPENDITURE:
|
|||
Salary
|
14,960,712.00 |
12,979,273.00 |
|
Wages
|
228,318.00 |
181,120.00 |
|
Traveling
& conveyance
|
1,718,923.00 |
1,431,155.00 |
|
Printing
& Publication
|
606,713.00 |
557,795.00 |
|
Office
Stationery
|
229,586.00 |
195,248.00 |
|
Office
Rent
|
1,894,075.00 |
1,402,131.00 |
|
Utilities
|
371,285.00 |
287,987.00 |
|
Postage
|
55,047.47 |
48,408.04 |
|
Telephone
& E-mail
|
371,005.00 |
283,142.00 |
|
Repair
|
194,122.00 |
124,183.00 |
|
Workshop/Seminer
|
302,168.00 |
267,105.00 |
|
Operating
& Maintenance
|
305,643.00 |
257,255.00 |
|
Registration
& Insurance
|
54,322.00 |
47,292.00 |
|
Bank Charge
|
88,523.00 |
76,418.13 |
|
Legal
Expenditure
|
13,491.00 |
41,988.00 |
|
Carrying
& Transportation
|
11,749.00 |
6,220.00 |
|
Advertisement
|
68,755.00 |
83,090.00 |
|
Audit
fee
|
27,000.00 |
27,000.00 |
|
News paper
|
103,268.00 |
89,318.00 |
|
Research
& Development
|
69,658.00 |
15,630.00 |
|
Human
Resource Development
|
802,044.00 |
510,485.00 |
|
Loan Loss
Expenditure
|
1,872,366.00 |
1,902,262.00 |
|
Disaster
Management Fund
|
461,506.00 |
- |
|
Interest
on health fund
|
- |
450,000.00 |
|
Charge
from balance for overhead cost
|
11,137,372.00 |
- |
|
Workaid
|
29,350.00 |
15,994.00 |
|
Grant
payments of PKSF branch & Sunami
|
670,000.00 |
- |
|
Operating
cost (PKSF branch)
|
2,037,642.00 |
- |
|
Education
|
- |
134,233.00 |
|
Health
|
- |
311,765.00 |
|
Agriculture
|
- |
648,207.00 |
|
Contingencies
|
179,571.00 |
146,715.00 |
|
Depreciation
|
916,602.00 |
878,115.00 |
|
| 41,697,283.37 |
24,752,160.79 |
||
INTEREST
PAID ON MEMBERS SAVINGS:
|
|||
Member
Savings
|
4,117,616.00 |
3,002,765.00 |
|
Saving
Account
|
110,562.00 |
92,231.00 |
|
Emergency
Fund
|
65,032.00 |
34,376.00 |
|
Risk Insuranc
|
3,804.00 |
- |
|
Education
Schoolarship Fund
|
14,959.00 |
- |
|
Centre
Fund
|
287.00 |
- |
|
| 4,312,260.00 |
3,129,372.00 |
||
RECEIPTS
AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 30th JUNE 2005
|
|||
RECEIPTS:
|
|||
Opening
Balance 1-7-2004
|
6,949,604.83 |
11,483,133.82 |
|
Cash in
Hand
|
362,041.00 |
7,677.00 |
|
Bank
Balance:
|
6,587,563.83 |
5,737,728.41 |
|
Cash at
Bank
|
4,237,679.83 |
5,737,728.41 |
|
Loan Loss
Investment at bank
|
2,349,884.00 |
- |
|
LOAN
RECEIVED:
|
20,057,718.78 |
18,810,228.71 |
|
From PKSF
|
7,500,000.00 |
7,403,450.00 |
|
From Others
|
12,557,718.78 |
11,406,778.71 |
|
Loan realised
from members
|
338,117,291.00 |
267,495,242.00 |
|
Staff
Advance realised
|
630,634.00 |
811,590.00 |
|
Equipment
|
5,300.00 |
- |
|
Electrical
Installation
|
665.00 |
- |
|
Member
Savings
|
53,989,543.00 |
41,555,657.00 |
|
Savings
Received
|
14,916,309.00 |
8,080,244.00 |
|
Emergency
Fund Received
|
3,013,824.00 |
2,407,812.00 |
|
Risk Insurance
Received
|
114,500.00 |
- |
|
Centre
Fund Received
|
50,171.00 |
- |
|
Loan Loss
Provision
|
1,872,366.00 |
- |
|
Disaster
Management Fund
|
460,544.00 |
- |
|
Other
Assets realised
|
- |
3,605,187.00 |
|
Educational
Schoolarship
|
600,000.00 |
- |
|
Agriculture
|
54,915.00 |
101,129.00 |
|
Health
|
15,825.00 |
16,828.00 |
|
Other
Liabilities
|
742,441.83 |
1,393,037.48 |
|
Service
Charge
|
47,277,485.00 |
37,243,486.00 |
|
Interest
from Staff Advance
|
35,017.00 |
25,401.00 |
|
Encashment
of FDR
|
1,135,691.00 |
- |
|
House
Rent
|
442,070.00 |
271,843.00 |
|
Bank Interest
|
54,856.00 |
9,818.00 |
|
Sale of
pass book
|
120,333.00 |
103,247.00 |
|
Grant
Received by PKSF branch from IDF General Fund
|
625,000.00 |
- |
|
Account
Cloosed
|
123,559.00 |
- |
|
News paper
sale
|
5,170.00 |
4,439.00 |
|
Attendence
Register Sale
|
12,312.00 |
- |
|
Staff
welfare Fund
|
- |
63,451.00 |
|
Other
Income
|
2,322,797.00 |
393,326.00 |
|
| |
|
||
| 493,745,942.44 |
388,137,371.60 |
||
PAYMENTS:
|
|||
LOAN
DISBURSED
|
383,014,714.00 |
304,154,070.00 |
|
OPERATING
AND ADMINISTRATIVE:
|
29,643,309.37 |
21,716,662.79 |
|
Salary
|
14,960,712.00 |
12,979,273.00 |
|
Wages
|
228,318.00 |
181,120.00 |
|
Traveling
& conveyance
|
1,718,923.00 |
1,431,155.00 |
|
Printing
& Publication
|
606,713.00 |
557,795.00 |
|
Office
Stationery
|
229,586.00 |
195,248.00 |
|
Office
Rent
|
1,894,075.00 |
1,294,221.00 |
|
Utilities
|
371,285.00 |
268,887.00 |
|
Postage
|
55,047.47 |
48,408.04 |
|
Telephone
& E-mail
|
371,005.00 |
269,842.00 |
|
Repair
|
194,122.00 |
124,183.00 |
|
Workshop/Seminer
|
302,168.00 |
267,105.00 |
|
Operating
& Maintenance
|
305,643.00 |
257,255.00 |
|
Registration
& Insurance
|
54,322.00 |
47,292.00 |
|
Bank Charge
|
88,523.00 |
76,418.13 |
|
Legal
Expenditure
|
13,491.00 |
41,988.00 |
|
Carrying
& Transportation
|
11,749.00 |
6,220.00 |
|
Advertisement
|
68,755.00 |
83,090.00 |
|
Audit
fee
|
27,000.00 |
- |
|
News paper
|
103,268.00 |
89,318.00 |
|
Research
& Development
|
69,658.00 |
15,630.00 |
|
Human
Resource Development
|
802,044.00 |
510,485.00 |
|
Interest
on health fund
|
- |
450,000.00 |
|
Loan loss
Expenses
|
1,862,906.00 |
- |
|
Disaster
Management Fund Expenses
|
461,506.00 |
- |
|
Interest
on loan
|
1,916,466.90 |
1,264,815.62 |
|
Education
|
10,400.00 |
134,233.00 |
|
Health
|
- |
311,765.00 |
|
Agriculture
|
- |
648,207.00 |
|
Workaid
|
29,350.00 |
15,994.00 |
|
Operating
cost (PKSF branch)
|
2,037,642.00 |
- |
|
Grant
payments of PKSF branch & Sunami
|
670,000.00 |
- |
|
Contingencies
|
178,631.00 |
146,715.00 |
|
CAPITAL
EXPENDITURE :
|
3,306,137.00 |
1,916,664.00 |
|
Investment
on FDR
|
1,135,691.00 |
- |
|
Land
|
269,548.00 |
446,162.00 |
|
Building
|
1,149,709.00 |
936,114.00 |
|
Vehicle/Motorcycle
|
30,500.00 |
81,238.00 |
|
Furniture
|
219,158.00 |
194,520.00 |
|
Electrical
Installation
|
156,214.00 |
69,033.00 |
|
Office
Equipment
|
345,317.00 |
189,597.00 |
|
Staff
Advance
|
793,975.00 |
1,199,852.00 |
|
Donation
from staff welfare fund
|
27,500.00 |
57,520.00 |
|
Other
Assets
|
1,524,235.63 |
4,587,999.48 |
|
Emergency
fund disversed as Grant
|
2,291,570.00 |
2,019,049.00 |
|
Members'
Saving Returned
|
28,403,728.00 |
18,563,410.00 |
|
Saving
Account Returned
|
14,117,048.00 |
7,200,325.00 |
|
Centre
Fund
|
6,994.00 |
- |
|
Payment
to branch from Capital Fund
|
29,450.00 |
- |
|
Education
Scholarship
|
12,900.00 |
- |
|
Other
Liabilities
|
- |
1,532,830.00 |
|
LOAN
REFUND
|
22,928,120.00 |
18,239,384.50 |
|
To PKSF
|
7,171,725.00 |
6,380,862.50 |
|
To Ohtres
|
15,756,395.00 |
10,858,522.00 |
|
DMRI Deposit
|
- |
1,000,000.00 |
|
CLOSING
BALANCE
|
7,646,261.44 |
6,949,604.83 |
|
Cash in
Hand
|
686,063.00 |
362,041.00 |
|
BANK
BALANCE
|
6,960,198.44 |
6,587,563.83 |
|
Cash at
Bank
|
4,950,458.44 |
6,587,563.83 |
|
Loan loss
investment at Bank
|
1,938,263.00 |
- |
|
DMF at
Bank
|
71,477.00 |
- |
|
| |
493,745,942.44 |
388,137,371.60 |
|
| |
||
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L A N |
 |
