Annual Report 2076/77

FINANCIAL SUMMARY
Statement of Financial Position (Figure in Crore)
Assets FY 2076/77 FY 2075/76 FY 2074/75 FY 2073/74 FY 2072/73
Cash and cash equivalent 824.34 1,048.02 880.35 396.18 377.33
Due from Nepal Rastra Bank 930.94 564.73 731.30 642.80 466.24
Placement with Bank and Financial Institutions - - 1,036.16 1,328.66 553.05
Derivative financial instruments 12.29 - - - -
Other trading assets 2.38 2.04 2.30 2.48 1.84
Loan and advances to B/FIs 425.84 287.22 229.85 152.39 119.14
Loans and advances to customers 8,438.63 7,236.37 6,182.20 4,547.50 3,868.89
Investment securities 926.98 873.50 783.71 615.13 385.18
Current tax assets 26.17 21.95 17.18 11.74 3.80
Investment in subsidiaries 18.89 18.89 10.00 10.00 -
Investment in associates - - - - -
Investment property - - - - -
Property and equipment 94.10 84.40 73.95 62.25 62.04
Goodwill and Intangible assets 0.39 0.45 0.20 - -
Deferred tax assets 31.51 23.62 9.73 3.41 12.88
Other assets 98.96 92.67 38.15 101.64 80.01
Total Assets(A) 11,831.42 10,253.87 9,995.09 7,874.19 5,930.40
Liabilities and equity
Due to Bank and Financial Institutions 227.00 270.96 615.54 418.47 -
Due to Nepal Rastra Bank 76.14 - - - -
Derivative financial instruments - 0.68 - - -
Deposits from customers 9,792.44 8,426.92 8,081.88 6,521.35 5,162.82
Borrowing - - - - -
Current tax liabilities - - - - -
Provisions - - - - -
Deferred tax liabilities - - - - -
Other liabilities 220.39 175.19 143.69 116.39 97.27
Debt securities issued 100.00 100.00 100.00 100.00 100.00
Subordinated liabilities - - - - -
Total liabilities(B) 10,415.98 8,973.76 8,941.11 7,156.21 5,360.09
Shareholder's Fund(A-B)
Share capital 844.93 804.69 692.49 388.37 305.81
Share premium - 38.18 - - 7.92
Retained earnings 185.37 121.88 114.50 122.50 82.54
Reserves 385.15 315.37 246.99 207.11 174.04
Total equity attributable to equity holders 1,415.44 1,280.11 1,053.97 717.98 570.31

Statement of Profit and Loss (Figure in Crore)

Particulars FY 2076/77 FY 2075/76 FY 2074/75 FY 2073/74 FY 2072/73
Interest income 1,127.68 906.98 599.17 400.74 384.97
Interest expense 657.17 492.48 299.45 156.52 177.38
Net interest income 470.51 414.50 299.72 244.23 207.59
Fee and commission income 99.36 91.29 85.03 75.05 56.12
Fee and commission expense 8.99 8.47 7.3 - -
Net fee and commission income 90.37 82.82 77.64 75.05 56.12
Net interest, fee and commission income 560.88 497.32 377.36 319.28 263.71
Net trading income 30.63 23.35 20.28 13.64 11.95
Other operating income 1.93 4.29 2.19 1.00 3.07
Total operating income 593.44 524.96 399.82 333.91 278.73
Impairment charge/(reversal) for loans and other losses 14.66 27.23 12.95 3.89 8.44
Net operating income 578.77 497.73 386.87 330.02 270.29
Operating expense
Personnel expenses 161.86 137.54 95.76 81.48 69.75
Other operating expenses 88.07 70.31 57.73 52.36 41.22
Depreciation & amortization 16.45 13.71 11.40 10.70 11.67
Operating Profit 312.39 276.17 221.99 185.48 147.66
Non-operating income 19.61 3.89 2.09 0.61 -
Non-operating expense 0.38 - - - 0.65
Profit before income tax 331.62 280.05 224.08 186.09 147.01
Income tax expense - - - - -
Current Tax 107.22 94.21 68.70 59.31 52.69
Deferred Tax Income/ (Expenses) 4.85 16.50 1.09 (1.41) 3.09
Profit for the period 229.25 202.35 156.47 125.37 97.41