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Agricultural Development Bank LimitedInterim Financial StatementsAs on Aswin End 2077Date: November, 2020Place: Kathmandu
Agricultural Development Bank LimitedCondensed Consolidated Statement of Financial PositionAs on Quarter ended 30 Aswin 2077GroupAssetsCash and cash equivalentDue from Nepal Rastra BankPlacement with Bank and Financial InstitutionsDerivative financial instrumentsOther trading assetsLoan and advances to B/FIsLoans and advances to customersInvestment securitiesCurrent tax assetsInvestment in subsidiariesInvestment in associatesInvestment propertiesProperty and equipmentGoodwill and Intangible assetsDeferred tax assetsOther assetsTotal AssetsLiabilitiesDue to Bank and Financial InstitutionsDue to Nepal Rastra BankDerivative financial instrumentsDeposits from customersBorrowingCurrent Tax LiabilitiesProvisionsDeferred tax liabilitiesOther liabilitiesDebt securities issuedSubordinated LiabilitiesTotal liabilitiesEquityShare capitalShare premiumRetained earningsReservesTotal equity attributable to equity holdersNon-controlling interestTotal equityTotal liabilities and equityThis Quarter diate PreviousYear 2,289289,802,789Immediate PreviousYear 026This Quarter ,162179,454,543,547
Agricultural Development Bank LimitedCondensed Consolidated Statement of Profit or LossFor the Quarter ended 30 Aswin 2077GroupCurrent YearParticularsInterest incomeInterest expenseNet interest incomeFees and commission incomeFees and commission expenseNet fee and commission incomeNet interest, fee and commission incomeNet trading incomeOther operating incomeTotal operating incomeImpairment charge/(reversal) for loan and other lossesNet operating incomeOperating expensePersonnel expensesOther operating expensesDepreciation & AmortisationOperating ProfitNon operating incomeNon operating expenseProfit before income taxIncome tax expenseCurrent TaxDeferred TaxProfit/(loss) for the periodThis 221,850,2061,939,900,522316,885,3281,623,015,194Up to ThisQuarter 5,076,801480,547,502BankPrevious YearCorrespondingUp to This Quarter(YTD)This urrent YearThis 1,469,396Up to ThisQuarter 469,396###Previous YearCorrespondingUp to ThisQuarter (YTD)This 953,485232,953,485599,023,586
Agricultural Development Bank LimitedConsolidated Statement of Comprehensive IncomeFor the period ended 30 Aswin 2077Profit For the PeriodOther comprehensive incomea) Item that will not be reclassified to profit or lossGains/(losses) from investments in equity instruments measured at fair valueGains/(losses) on revaluationActuarial gains/(losses) on defined benefit plansIncome tax relating to above itemsNet other comprehensive income that will not be reclassified to profit or lossb) Item that are or may be reclassified to profit or lossGroupCurrent YearPrevious YearUp to ThisUp to ThisThis QuarterQuarterThis ,530,466BankCurrent YearPrevious YearUp to ThisThis Quarter Up to This Quarter This 81,374(32,156,539)Gairns/(losses) on cash flow hedgeExchange gains/(losses) (arising from translating financial assets of foreign operation)Income tax relating to above itemsNet other comprehensive income that are or may be reclassified to profit or lossc) Share of other comprehensive income of associate accounted as per equity methodOther comprehensive income for the period, net of income tax11,784,292Total comprehensive income for the period492,331,794Total comprehensive income attributable to:Equity holders of the Bank492,356,484Non-controlling interest(24,690)Total492,331,794Earning Per ShareBasic Earning Per ShareAnnualized Basic Earning Per ShareDiluted Earning Per 221.6621.664.1816.7016.70
Ratios as per NRB DirectiveGroupParticularsCapital Fund to RWANon-Performing loan (NPL) to total LoanTotal Loan Loss Provision to Total NPLCost of FundsCredit to Deposit RatioBase RateInterest Rate SpreadCurrent YearBankCorresponingPrevious YearCurrent YearCorresponding PreviousYearUpto ThisUpto ThisThisQuarter ThisUpto ThisThisUpto ThisQuarter Quarter (YTD) Quarter Quarter (YTD)This Quarter Quarter (YTD) Quarter (YTD)20.33%20.33%20.77% 20.77% .37%3.70%3.70%149.32%149.32%81.73% 81.73% %5.97%7.34%7.34%72.47%72.47%71.42% 71.42% 72.47%72.47%71.42%71.42%8.53%8.53%10.18% 39%4.39%5.26%5.26%
Agricultural Development Bank LimitedConsolidated Statement of changes in equityFor the period ended 30 Aswin 2077GroupAttributable to equity holders of the BankBalance at Asar End, 2076AdjustmentAdjusted balance as on Sawan 1, 2076Profit for the PeriodOther comprehensive Fair valuereserveRevaluationRetained earningreserveGeneral 610,286Other 86,886,384Balance at Asar End, 207714,989,172,698AdjustmentAdjusted balance as on Sawan 1, 207714,989,172,698Profit for the PeriodOther comprehensive incomeGain/(Losses) from investment in equity instruments measured at Fair ValueGain/(losses) on revaluationActurial gain/(losses) on defined benefit planGain/(losses) on cash flow hedgeExchange gain/(losses) (arising from translating financial assets of foreign operation)Total comprehensive incomeTransfer to reserve during the periodTransfer from reserve during the periodContributions from and distributions to ownersShare issuedShare based paymentsDividends to equity holdersBonus shares issuedCash dividend paidOtherTotal contributions by and distributionsBalance at Aswin end 130-----(32,156,539)Gain/(Losses) from investment in equity instruments measured at Fair ValueGain/(losses) on revaluationActurial gain/(losses) on defined benefit planGain/(losses) on cash flow hedgeExchange gain/(losses) (arising from translating financial assets of foreign operation)Total comprehensive incomeTransactions with owners, directly recognised in equityTransfer to reserve during the yearTransfer from reserve during the yearContributions from and distributions to ownersShare issuedShare based paymentsDividends to equity holdersBonus shares issuedCash dividend paidOtherTotal contributions by and distributionsBalance at Aswin End, 2076NoncontrollinginterestSharepremiumShare 7,740,002)427,574,308-Total(24,253)3,350,160Total 5,822,13028,889,130,599
Agricultural Development Bank LimitedStatement of changes in equityFor the period ended 30 Aswin 2077BankShare CapitalBalance at Asar End, 2076AdjustmentAdjusted balance as on Sawan 1, 2076Profit for the periodOther comprehensive incomeAttributable to equity holders of the 7,240ShareGeneral 19,461102,467,240RegulatoryreserveFair d 586599,023,586Gain/(Losses) from investment in equity instruments measured at Fair ValueGain/(losses) on revaluationActurial gain/(losses) on defined benefit planGain/(losses) on cash flow hedgeExchange gain/(losses) (arising from translating financial assets of foreign operation)Total comprehensive incomeTotal comprehensive income for the periodTransfer to reserve during the periodTransfer from reserve during the periodContributions from and distributions to ownersShare issuedShare based paymentsDividends to equity holdersBonus shares issuedCash dividend paidOtherTotal contributions by and distributionsBalance at Aswin End 2076Balance at Asar End, 2077AdjustmentAdjusted balance as on Sawan 1, 2077Profit for the periodOther comprehensive incomeGain/(Losses) from investment in equity instruments measured at Fair ValueGain/(losses) on revaluationActurial gain/(losses) on defined benefit planGain/(losses) on cash flow hedgeExchange gain/(losses) (arising from translating financial assets of foreign operation)Total comprehensive income for the periodTransfer to reserve during the periodTransfer from reserve during the periodContributions from and distributions to ownersShare issuedShare based paymentsDividends to equity holdersBonus shares issuedCash dividend paidOtherTotal contributions by and distributionsBalance at Aswin end 16,587461,469,396------Other 1462,762,543,128-455,822,130
Ratios as per NRB Directive Particulars Group Bank Current Year Current Year This Quarter Capital Fund to RWA 20.33% 20.33% 20.77% 20.77% 20.33% 20.33% 20.77% 20.77%
