,

Export Import Bank of Bangladesh LimitedShariah Based Islami Bank

Consolidated Financial Statements (Provisional & un-audited)

as at 30 September 2020

EXPORT IMPORT BANK OF BANCLADESH LIMITEDConsolidated Balance Sheet (Provisional & un'audited)

as at 30 September 2020

September 2020

PROPERTY & ASSETSCashIn hand (including foreign currencies)Balance with Bangladesh Bank and its Agent Banks (includingforeign currencies)

Balance with other banks and financial institutionsln BangladeshOurside Bangladesh

Placement with other banks & financial institutions

Invcstmcnts in shares and securitiesGovernmentOthers

InvestmentsGeneral investmen!s etc.

Bills purchased and discounted

Fixed assets including premisesOther assetsNon-banking assetsTotal property and assets

LIABILITIES & CAPITAL

LiabilitiesPlacement from other banks & financial institutions

Deoosits and other accountsMudaraba savings depositsMudaraba term depositsOther Mudaraba DepositsAl wadeeah current and other deposit accountsBills payable

Mudaraba Subordinated Bond

Other liabilitiesTotal liabilities

Capital/shareholders' equityPaid up capitdStatutory reserveOther reservesForeign currency translation adiustmentRetained earningsEICM Bank Shareholders' EquityNon-controllin g InterestTotal shareholders' equityTotal liabilities and shareholders' equity

Off balance sheet itemsContinBent liabilities:Acceptance and endorsementsLetters of guaranteeIrrevocable letters of credit (including Back to Back Bills)Bills for collectionOther contingent liabilitiesTotal contingent liabilitiesOther commitmentsTotal off balance sheet items including continS€nt liabilities

t+_Urr -Company Secretary

4,015,577,468 4,J18,011,

Taka

2,232,620,371

24,024,055,387

316,611,337

3,698,966,131

375,575,977,620

11,765,479,521

387,341,057,141

5,580,9s1,876

I,Jt6,841,953

26,256,675,758 i2,176,596,879

2,237,804,903

29,938,79t,976

27,514,051,038

15,088,004,5 1 I42,602,055,549

344,557

5,650,429,988

3,713,242,464

158 2tr2f21j90

25,168,767,521 16,885,353,506

30,053,849,7 10

168,059,03s,658

135,8r9,7s3,157

36,421,393,565

3,104,990,999

373,459,023,499

10,200,000,000

19,611,202,615

26,184,704,789

t7 4,17 4,422,538

124,282,835,679

28,720,860,400

2.326,333,829

355,689,757,2i5

1 1,500,000,000

79,755$30,922

428,438,993,335 401,830,041,553

102,100

29,800,728,065

187,842,90010 1,857

29,187,944,757

458,239,72f.r!99 433,01 7.986.424

49 ,467 ,093,8406,901,750,161

26,468,690,444

6,068,469,655

88,906,004,1 00

75,719,844,457

December 2019

t2,t6l6

166

t7

330,123,675,161

14,

1 1,148,842,440

2,130,546,666

14,122,5 10,680

rc,745,987,6162,130,546,666

(2,s03,s73)

7,826,612,589

27 ,169,t34,8575,146,80 1,885

Directo/

Director & CFO 6. CEO

-l)].A171235r'-!.-

88,906.004.100

1

EXPORT IMPORT BANK OF BANGLADESH LIMITEDConsolidated Profit and Loss Account (Provisional & un-audited)

for the period ended 30 September 2020

Particulars

Investment incomeProfit paid on deposits, borrowings, etc.Net investment incomeIncome from investment in shares/securities

Commission, exchange and brokerageGain on sale of investment in sharesOther operating incomeTotal operating income (A)

Operating expensesSalaries and allowancesRent, taxes, insurance, electricity etc.Legal expenses

Postage, stamp, telegram, telephone etc.Auditors feesStationery, printing, adveftisement, etc.Chief Executive's salary and feesDirectors' fees and expensesShariah Supervisory Committee's Fees & ExpensesCharges on Investment LossesDepreciation on and repairs to Bank's propeftyZakat expensesOther expensesTotal operating expenses (B)Profit before provisions (C=A-B)Provision for investments and Of{-Balance Sheet Exposures

Provision for diminution in vaiue of sharesTotal Provision (D)Profit/(loss) before taxes (C-D)Provision for taxation:Current taxDeferred tax expense/(benefit)

Profit/(loss) after taxRetained earnings brought forwardProfit available for appropriationAppropriations:Statutory reserveCash Dividend

Retained earnings carried forward

Export Import Bank of Bangladesh LimitedNon-controlling Interest

Consolidated Earnings per ordinary share

he€-urrnn,Company Secretary Deputy

,9977,723,66A,478 2,322J91,07 1,985,335,235 2,463,249,871

22,743,587,649

4,624,133,8767A5,972,802

1,264,443,263

22,377,544

22,347,540,709

07,99A,223,742)

6,79t,082,645(5,571,324,465)

1,2 1 9,758,1 80

t92,302,801

428,936,533

22,13s,078t22,203,r43

7 ,737 ,844,095G.608.544.744\1,129,299,351

284,2A4,158

523,807,2t01,7 66,958

124,172,194

4,357,376,967

975,422,100

1,560,369,4829,687,107

496,986,017

2,336,475,797465,029,178

10,566,152

71,885,522172,702

169,065,065

15,714,4602,164,958

387,784

)ia 1)< A)7

7s,000,000943,421,s79

2,532,555,51149t,5t1,9tt

14,653,567

66,788,320245,072

168,076,3041 5,1 85,23 1

1,805,199

366,530

187 ,964,144336,717 ,057648,589,797

4,298,7a4,62A 4,424,458,60i '5454

t,201,t72,248(12,98e,10e)

489,t53,995(16,757,r32)

35r,962,r520.668,296\

s39.

23,127,448

Q.s2a,25e\

1,880,150,906

trr4 3,757,645 7,495,172,164 958,496,617

1,1 88,1 83,139 472,396,863 348,293,856 24,607,7892,425,57 4,5461 111 5J1 455

4.258.1t7.961

642,854,8241,,41,2,25t,068

218,334,4291.412.25 1.068

622,775,307 67a,202,761 (171,951,039)1 r(n

^r) o17 ) )11 (d1 1((

' )qn nr) q17

-2,g22J25238 '.84rJ46Jr6 'fi8$r90,375,844

1.4 12.25 1.068

2,055,105,892 1,630,585,097 I2,2a3,412,06e 1212i11,141

,912 1

2 ,242

1,240,1 19,010

29413,14 1 1,244,119 )44

694,375,760040\

4.44

E( M Director &

2020 2419 2A2a 2419J

249,828,149

3,997,529

24,075,t905 8,518

69,737,9785,904,460

308,00019t,700

74,856,17375,000,000

317 076

7

8

1

9t0,a29,255170,395,721

6,246,468

20,496,065105,232

55,885,7394,882,27t

476,00068,400

66,030,837274,019,00516 32

118

689,951 t,574,191,5

11 4l

,0 1,,826

243t,242,213,1t9

22

2

EXPORT IMPORT BANK OF BANGLADESH LIMITEDConsolidated Cash Flow Statement (Provisional & un-audited)

for the period ended 30 September 2020

ParticularsA) Cash flows from operating activities

Investment income receiptsProfit paid on deposits, borrowings, etc.Dividend receiptsFees and commission receiptsCash payment to employeesCash payment to suppliersIncome tax paymentsReceipts from other operating activitiesPeyments (or other operating activitiesCasb flous beforc cbanges in operating assets and liabilities

Changes in operating assets and liabilities:(Increase)/decrease in operating assetsStatutory depositTrading security - sharesInvestments to other banksInvestments to customersOther assetsIncrease/(decreasc) in operating liabilitiesDeposits from other ban}sDeposits from customersLiabiiities on account o[ customersTrading liabilities (borrowing)Other liabilities

Net casb from operating actit)ities

B) Cash flows from investing activities:Receipts from sale of securities - BGIIBPayment [or purchase oI securitiesPurchase of fixed assetsSale proceeds of (ixed assetsPurchase of SubsidiariesNet casb from inoesting actioities

C) Cash flows from financing activitiesReceipts from issue of Debt InstrumentsPayment for redemption of Debt InstrumentsReceipts from issue of ordinary share/Rights shareDividend paid in cashNon-controlling investment in subsidiaries

Net casb from financing actioities

D) Net increase/(decrease) in cash and cash equivalents (A+B+C)

E) Effect of Exchange rate changes on cash and cash equivalents

F) Cash and cash equivalents at beginning of the year

G) Cash and cash equivalents at end of the period (D+E+F)

H) Cash and cash equivalentsCashBalance with other banks and financial institutions

(

(1,300,000,000)

(1,412,25 1,068)

(s00,000,000)

(1,4 12,25 1,068)

(2,772,251,a6E) (1,912,251,068)

'aka

2,766,716,958 4,E43,371,094

(16,658,67A,475\(1 3,89 1,9s3,5 1 Z)

10,8E0,098,785

15,723,469,879

,,:,,,;;;,,;;ll

9,599,309,016

193,051

33,2i7,845,482

30,272,253,226 42,E31,j47,549

26,256,675,758

4.0t5.577.46838,743,623,9t5

4 ,087 ,7 23 ,634

42,83 7,549

Wlan*Director

2

2020 20

23,284,8t9,732(1 6,33s,426,8s6)

596,783,709

1,264,443,263(2,352,1e0,257)

2A2,631(2,461,See,641)

528,737,5t0(1.759.051.133)

22,840,897.

452,046,956

1,560,369,482(2,547,740,742)

453,875(1,58s,2t1,627\

503,499,544t57

(1

398,101,155

(42,783,406,754)

(100,5 10,120)

(97,322,830)

16,t23,t6t,777

8.283,414,1 15

1,5 1 7,889,983

8t,24J,248

(24,007 ,7e7 ,7s6)32,784,0t2

2,002,591,3t336,857,292,041

(4,9t7,687,e08)

8l 1.673.835

I 0,500,000,000

(1 18,044,s35)

434,446

(4,000,000,000)

(218,133,084)

6,223,289

Company Secretary Deputy Director & CEO

I

) )

EXPORT IMPORT BANK OF BANGLADESH LIMITED

Consolidated Statement of Changes in Equity (Provisional & un-audited)for the period ended 30 September 2020

Deputy Director & CFO\e-Lo^^a-

Company Secretary Director & CEO

T

4

Particulars Paid up capital

Taka

StatutorvreserYe

Taka

Revaluationreserve of

Fixed AssetsTaka

General/Otherreserve"

Taka

RevaluationGain/(loss) on

InvestmentTaka

Foreigncurrency

translationTaka

Retained

earnings

Taka

Non-controlling

InterestTaka

Total

Taka

Balance at I lantary 2020

Changes in accounting policies

14,122,510,680 t1,7os,987,6r6 2,067,nr,666 62,n5,O00 (2,17r,006) (332,567) 2,23r,30r,51r t0t,857 29,187,944,757

Restated Balance

Surplus/@eficit) on Account of Revaluation Propenies

Surplus/@eficit) on Account of Revaluation ofInvestment

Currency translation di{ference

14,722,510,680 10,70s,987,6r6 2,067,777,666 62,77s,000 (2,1n,Aa6) (332,s67) 2,237,301,s11 101,852 29,187,944,757

(2,r76,2rc) (2,r76,210)

t,636,079394,t35 1,241,944

Net Gain and Losses not recognized in the income (2,176,2r0) i94,135 1,241,944

2,025,574,506

(1,4r2,251,068)

(642,854,824)

Q43)

(s40,131)

2,025,574,506

(1,4r2,25t,068)

statement

Net Profit {or the period

Stock Dividend paid during the periodCash Dividend paid during the period

Transferred to stxtutory reserve

Non-controlling interest

642,854,824

243

Total Shareholders Equity as at 30 September 2020 14,122,570,680 11,34E,842,440 2,067,771,666 (4,i47,216) 51,568 2,20i,011,826 102,100 29,844,728,465

Total Shareholders Equity as at 30 September 2019 74,722,510,680 9,939,285,522 2,067,771,666 62,775.a9 Q,64,589) (1s,e7s) 1,242,213,r1e 105,474 27,427,415,897

30 Sept 201930 Sept 2020'r'General Reserve/Other Reserve

62,775,00062,775,040

General Reserue

Dividend Equalization Account62,775,0O0 62,775,a00Total

Director

EXPORT IMPORT BANK OF BANGLADESH LIMITEDBalance Sheet (Provisional & un-audited)

as at 30 September 2020

PROPERTY & ASSETSCashIn hand (including foreign currencies)Balance with Bangladesh Bank and its Agent Banks (including foreign currencies)

Balance with other banks and financial institutionsIn BangladeshOutside Bangladesh

Placement with other banks & financial institutionsInvestments in shares and securitiesGovernmentOthers

InvestmentsGeneral investments etc.Bills purchased and discounted

Fixed assets including premisesOther assetsNon-banking assetsTotal property and assets

LIABILITIES & CAPITALLiabilitiesPlacement from other bants & financial institutions

Deposits and other accountsMudaraba savings depositsMudaraba term depositsOther Mudaraba DepositsAl wadeeah current and other deposit accountsBills payable

Mudaraba Subordinated Bond

Other liabilitiesTotal liabilities

Capital/shareholders' equityPaid up capitalStatutory reserueOther reservesRetained earningsTotal shareholders' equityTotal liabilities and shareholders' equity

Off balance shect itemsContingent liabilities:Acceptance and endorsementsLetters of guaranteeIrrevocable letters of credit (including Back to BacL Bills)Bills for collectiooOther contingent liabilitiesTotal contingent liabilitiesOther commitmentsTotal off balance sheet items including contingent liabilities

3i,249,700,673 43,772,534,624

2,207,592,694

24.024.05 5.3 87

3t6,61t,3373,684.986.698

4,00 I,598,035

25,2i1,618,A81 32,754,155,231

December 2019Taka

2,215,363,255

29.938,791,976

6t9,5t2,1613,682,919.55843A?,4s7,779

aka

17,014,05 i,03 8

16,235,649,575

374,556,t25,5251 1.505.1 1 8.126

386,061,243,651

5,573,342,1742,947,942,720

27,5 14,05 I,01 8

15.65 8.479.585

328,9t0,778,149

14.376,620,590

i4i,287,i98,739s,643,43i,2893,3E 1,2 6E,9 44

458,a-65A1!,!10 ____lt-1219,!l&!l!_

10,053,849,7 10

I 68,7 10,89 1,9 1 8

1 35,965,1 59,870

36,423,812,164

3,104,994,999

374,258,704,667

10,200,000,000

18,662,487,21E

26,t84,704,789t74,t74,422,538t24,408,407,56228,722,654,971

2.326.333.829

355,E16,519,689

1 1,500,000,000

1 E,85s,652,1 87428,289,959,sAA 4A2,782,525,3E2

14,122,5t0,6801 1,348,842,440

2,130,546,666

2.173.575.384

1 4,122,5 10,680

rc,705,987,6t62,130,546,666

2,199,268,242

29,775,475,170,,q

1 58,3 1 3,1 64

70 437,944,838,546

34,368,295,126

7,826,6t2,s8927 ,169 ,134,857

6,346,80 1,885

49,467 ,093,8406,901,750,t61

26,468,690,444

6,068,469,655

7 5,71

Director & CFO Managing

75,770,E44,457 88,906,004,100

0.844.457 88,906,004,100

WlwwvCompany Secretary

A

2A2A

Director t

Deputy &

25,16E,767,621 15,510,353,506

EXPORT IMPORT BANK OF BANGLADESH LIMITEDProfit and Loss Account (Provisional & un-audited)

for the period ended 30 September 2020

Jan-Sept 2020

Particulars

Investment incomeProfit paid on deposits, borrowings, etc.Net investment incomeIncome from investment in shares/securitiesCommission, exchange and brokerageGain on sale of investment in sharesOther operating incomeTotal operating income (A)

Operating expensesSalaries and allowancesRent, taxes, insurance, electricity etc.Legal expensesPostage, stamp, telegram, telephone etc.Auditors feesStationery, printing, advertisement, etc.Chief Executive's salary and feesDirectors' fees and expensesShariah Supervisory Committee's Fees tr ExpensesCharges on Investment LossesDepreciation on and repairs to Bank's propertyZakat expensesOther expensesTotal operating expenses (B)Profit before provisions (C = A-B)Provision for investments and Off-Balance Sheet Exposures

Provision for diminution in value of sharesTotal Provision (D)Profit/(loss) before taxes (C-D)Provision for taxation:Current taxDeferred tax expense/(benefit)

Profit/(los$ after taxRetained earnings brought forwardProfit available for appropriationAppropriations:Statutory reserveCash Dividend

Retained earnings carried forwardEarnings per ordinary share

F'4-lfunr*wCompany Secretary

496,885,0027 ,077 ,279,133 7 ,35 9,063,559

6,785,389,546

6,572,4J5,660\7,212,953,946

192,160,941

4t9,816,48218,194,859

717

na)78,149 124,172,4797,963,504,337 2,457,392,760

Taka

22,696,442,573

(18 ,086 ,s37 ,27 2)

4,609,90s,30 1

742,202,397

t,2$,a25,82818,194,859

503,950,748

22,3s0,762,6t6(i7.99e,630,508)

4,35 1,132,008

969,639,800

t,54t,406,749282,s39,648

517 ,999,518

1,866,150,906j,214,274,722 7,497,674,143

t4

fi2,432,396(142,77A,95a)

354,2Q1,744(3,668,296)

24,608,384(2,520,259)

346,533,448 22,088,725

10 I5 957

2,429,473,4742,199,268,202

627,926,9072,166,656,356

605,345,7762,t99,?68,202

( 1 G4,859,025)2,166,656,356

4,228,687,276 2,788,583,257 2,8A4,673,978 2,0A1,797,287

642,854,8241,412,251,468

2,05s,10s,892

_2,113,5?Jfi!_1.44

218,334,0291,412,251,0687,634,585,4971.152.998.1 60----------ffi

,912

Managing Director & CEODirector CFO

g

2019 2020 2419

7,741,225,699

2)20/37,822449,566,955

10,176,92669,723,674

158,6 13,156t5,7 t4,4602,037,758

387,780

208,891,68 175,000,000

9 86

2,527,343,979481,878,247

74,575,827

66,487,r7050,000

t67,881,72515,185,23 1

1,669,199

366,530

t87,638,076336,7 t7 ,057601

752,452,443244,056,878

3,792,74318,713,443

69,569,6875,9A4,460

264,000191,700

70,735,14275,000,000

314,654,950

948344,210167,311,178

6,186,89420,412,612

50,000

55,789,2Al4,882,271

432,00068,400

65,929,478274,0D,445164.745.865

1,580,19 1,58228s

384,577,2781+7 .455.118

(17,904,765)(48s,80s,s28)

5a3,71A,293

1,197,85A,$7'57

486,504)74

190,375,844t.412.251.068

(28,ss4,190)1.4 12.25 1.068

'83,696,87

rman

EXPORT IMPORT BANK OF BANGLADESH LIMITEDCash Flow Statement (Provisional & un-audited)

for the period ended 30 September 2020

ParticularsA) Cash flows from operating activitiesInvestrnent income receiptsProfit paid on deposits, borrowings, etc.Dividend receiptsFees and commission receiptsCash payment to employeesCash payment to suppliersIncome tax paymentsReceipts from other operating activitiesPayments for other operating activitiesCash flous before changes in operdting assets and lidbilities

Changes in operating assets and liabilities:(Increase)/decrease in operating assetsStatutory depositTrading security - sharesInvestments to other banksInvestments to customersOther assetsIncrease/(decrease) in operating liabilitiesDeposits from other banksDeposits from customersLiabilities on account of customersTrading liabilities ft orrowing)Other liabilities

Net cash from operatiflg actiaities

B) Cash flows from investing activities:Receipts from sale of securities - BGIIBPayment for purchase of securitiesPurchase of fixed assetsSale proceeds of fixed assetsInvestment in subsidiaries/Purchase of SubsidiariesNet cash from inoesting actioities

C) Cash flows from financing activitiesReceipts from issue of Debt InstrumentsPayment for redemption of Debt InstrumentsReceipts from issue of Ordinary Share/fughts ShareDividend paid in CashNet casb from financing actioities

D) Net increase/(decrease) in cash and cash equivalents (A + B + C)E) Effect of Exchange rate changes on cash and cash equivalentsF) Cash and cash equivalents at beginning of the yearG) Cash and cash equivalents at end of the period (D + E+ F)

H) Cash and cash equivalentsCash

Balance with other banks and financial institutions

2,763,039,586 4,827,871,550

16,47t,660

(24,294,186,2st)

647,t39,569

2,002,59t,31336,575,442,195

(4,917 ,687,908)794,738,191

14,824,108,76915,65 1,980,3 1 9

10,s00,000,000

(1r7,4e9,783)434,446

(1.000.000.000)

9,382,934,663

12

(5,223,350,834)

35.456.606.950

9,528,1 50,689

33.20 1,584.356j0,233,246,116 42,729,735,045

23,277,674,656(16,342,5 10,3ss)

593,013,3041,2$,025,828

(2,336,1s2,282)

202,631(2,459,961,7 44)

52r,772,580(1.234.02s.032)

22,844,119,257(r4,688,086,G35)

446,264,656

1,541,406,749(2,s42,52e,2r0)

453,87 5

(t,s70,e9e,372)493,7 tI,422

(t.696.479.t92\

427,495,021

(42,773,844,9 t2)(43,543,807)

(e7,322,830)

16,795,480,885

8,558,414,1 15

r,476,237,5t)1 5,557,084,0 15

12,894,044,429

(4,000,000,000)

(2 17,801,85 1)

6,223,289

4,211,578,562

26,23t,648,0814.001.598.035

38,72t,078,4914.008.656.554

Director & CFO

30,233,246,116 42,729t715,445

ManagingW,_lo,n*

Company Secretary

7

)n)i 2019

(1,300,000,000)

1

(soo,0oo,o0o)

1

o

Deputy

.#E( CEO

) )

EXPORT IMPORT BANK OF BANGLADESH LIMITEDStatement of Changes in Equity (Provisional & un-audited)

for the period ended 30 September 2020

Deputy Director 6( CFOCompany Secretary Director 6c CEO

B

ParticularsPaid up capital

Taka

Statutory reserve

Taka

Revaluation reserveof Fixed Assets

Taka

General/ OtherReserves{'

Taka

Retained earnings

Taka

Total

Taka

Balance at 1 January 2020

Changes in accounting policies

14,122,510,680 10,705,987,6t6 2,067,771,666 62,775,000 2,t99,268,202 29,158,313,164

Restated Balance

Surplus,/(Deficit) on Account of Revaluation PropeniesSurplus/(Deficit) on Account of Revaluation ofInvestment

14,722,510,680 10,705,987,616 2,067,771,666 62,775,000 2,199,268,202 29,158,313,164

Net Gain and Losses not recognized in the incomestatement

Profit for the period

Stock Dividend paid during the period

Cash Dividend paid during the period

Transferred to statutory reserve

2,029,4t3,074 2,029,413,074

(r,4r2,25t,068)

(642,8s4,824)

(r,412,25r,068)

642,854,824

otal Shareholders as at 30 2020 1 1 1 2. 173 170

otal Shareholders as at 30 2019 I I 2. 62 I 160 27+General Reserve/Other Reserve 30 Sept 2020 30 Sept 2019

General Reserve

Dividend Equalization Account 62,775,O00 62,775,000

Total 62,775,000 62,775,OO0

o

Export Import Bank of Bangladesh Limited

Notes to the Financial StatementsFor the period ended 30 Septemb er 2O2O

1.0 Status of the Bank

l.0l Legal Form ofthe Bank

Export Import Bank of Bangladesh Limited was incorporated in Bangladesh on 02 June 1999as Banking Company under the Companies Act 1994. The Bank converted its bankingoperation into Islamic Banking based on Islamic Shariah from traditional banking operation on0l July 2004 after obtaining approval from Bangladesh Bank. The Bank went for public issueof shares in the year 2004 and its shares are listed with Dhaka Stock Exchange and ChittagongStock Exchange.

1.02 Nature of Business

The commercial banking activities of the Bank consist of services including mobilizingdeposits, providing investment facilities, discounting bills, conducting money transfer, foreignexchange transactions and providing services like safe keeping, issuing guarantees,acceptances and letters ofcredit etc.

The Bank carries out its banking activities through I3 I (One hundred thirty one) Branchesoperating as per Islamic Shariah in the country.

1.03 Subsidiaries

The subsidiary companies of the Bank namely EXIM Exchange company (uK) Ltd., ExlMExchange Company (Canada) Ltd., EXIM Finance (Hong Kong) Limited and EXIM IslamiInvestment Ltd. (EIIL) are conducting specified services to the customers. 3 (Three) foreignsubsidiaries are fully owned by the bank to help expediting remittance flow in the country andto provide other financial services. EXIM Islami Investment Limited (EIIL), the only localsubsidiary where Bank owns 99.9950/o share with substantial control and rest 0.005% is non-controlling interest. EXIM Islarni Investment Limited (EllL) carries out merchant bankingactivities and conducts specified services to the customers.

1.04 Off-shore Banking Unit

Off-shore Banking Units (OBUs) of Export lmport Bank of Bangladesh Limited wereestablished under the rules and guidelines of Bangladesh Bank. The Bank obtained Off-shoreBanking Unit permission vide letter no. BRPD (P-3)744(1ts)12010-3861 & BRPD (p-3)744(l18y2015-6018 dated 3 I August 2010 & I 1 August 2015 respectively. Bankcommenced the Off-shore Banking Unit (OBU) services from April 2012. Two Off-shoreBanking Units (OBUs) are located at Dhaka (Motijheel & Gulshan) and another one is atChattogram. OBUs maintain separate accounts in US Dollar.

2.0

2.01

Significant Accounting Policies

Basis of preparation

The operations of Export Import Bank of Bangladesh Limited and its subsidiaries aregovemed in compliance with the rules of Islamic Shariah. The consolidated financialstatements and the separate financial statements of the Bank have been prepared basically asper provisions of the "Guidelines for Islamic Banking" issued by Bangladesh Bank throughBRPD CircularNo. 15 dated 09 November 2009 with reference to the provisions of the Bank

9

ir

Export Import Bank of Bangladesh Limited

Notes to the Financial StatementsFor the period ended 30 September 2020

Company Act, 199 I as amended up to 2018 & Bangladesh Bank's other circulars/instructionsand in accordance with Intemational Financial Reporting Standards (lFRSs) adopted inBangladesh; the Companies Act, 1994; the Securities and Exchange Rules 1987; Dhaka andChittagong Stock Exchanges' Listing Regulations and other laws and rules applicable inBangladesh.

In case the requirement of guidelines and circulars issued by Bangladesh Bank differ withthose of other regulatory authorities and financial reporting standards, the guidelines andcirculars issued by Bangladesh Bank prevails.

2.02 Investment and Provision

Investments are stated in the Balance Sheet net off unearned income. Provisions forinvestments are made as per instructions contained in relevant Circulars of Bangladesh Bank.

2.03 Provision for diminution in value of shares

Provision fbr investment in share is made on the basis of period-end review by themanagement and instructions from regulatory authorities.

2.04 Provision for corporate tax

Provision for current tax has been made in the accounts @3750% as per Finance Act 2020 ofthe accounting profit made by the Bank.

2.05 Off-balance sheet items

Off balance sheet items have been disclosed under contingent liabilities and othercommitments as per Bangladesh Bank guidelines. Provisions on off balance sheet items havebeen made as per Bangladesh Bank Circular.

2,06 Earnings per share

Earnings per share (EPS) have been computed by dividing the basic earnings by the number ofOrdinary Shares being calculated as per IAS-33'

2.07 Cash flow statement

Cash flow statement is prepared in accordance with IAS-7 "Cash Flow Statement" and thecash flow from operating activities has been presented under direct method.

2.08 Reporting period

These Financial Statements cover the period from I January 2020 to 30 September 2020.

l0

Annexure - A

EXPORT IMPORT BANK OF BANGLADESH LIMITED

Disclosure related to quarterly financial statements (Solo & Consolidated basis)

as at and for the period ended 30 September 2020

a. Shareholders' equityi) Issue of share capital

Out of the total issued, subscribed and fully paid up capital of the Bank 3,138,750 ordinary shares of Tk.1oo/- each amounting to Tk.313,875,000/-

was raised through public offering of shares in the year 2004. In the year 2006 bank raised Tk.571,252,500/- through rights share offer at 1:2 shares

of Tk.1OO/- each. In the year 2010 Bank further raised Tk.2,277,422,930/- through issuance of rights share at 1:2 shares of Tk.10/'each. The rest

amount of capital was raised by issuing of bonus share in different years.

ii) Detailed break-up or composition of shareholders' equityPaid-up capital (1,41.2,251,068 ordinary shares of Tk.10/- each)

Share premium

Preference share capital

Statutory reserve

Asset revaluation reserve

Dividend equalization account

Foreign Currency translation adjustment

Non-controlling interest

Retained earnings

b, Calculation of Net Asset Value (NAV) per ShareTotal Net Asset Value (A)

Number of ordinary share outstanding @)Net Asset Value (NAV) per Share (A/B)

c. Calculation of Basic and Diluted Earnings Per Share (EPS)

Calculation of Basic Earnings Per Share (BEPS)

Net profit after tax (A)Number of ordinary share outstanding (B)

Basic Earnings Per Share (BEPS) (A/B)

BEPS increased mainly due to decrease in investment provision

and provision for diminution in value of shares.

Calculation of Diluted Earnings Per Share (DEPS)

Net profit after tax (A)Number of share outstanding (B)Diluted Earnings Per Share (DEPS) (A/B)

As there is no issue of conversion during the period, so Basic

Earnings Per Share (BEPS) and Diluted Earnings Per Share(DEPS) are same.

r1,348,842,444

2,067,77t,666

62,775,004

9,939,285,522

2,067,77t,666

62,775,000

1 1,348,842,440

2,067,771,666

62,775,000

(4,285,647)

1 02,1 00

2,243,011,826

9,939,285,522

2,067,771,666

62,775,000

(7,645,564)

105,47 4

1,242,21,3,1192,17 3,57 5,384 t,t57,998,160

29,775,475,170 27 1,028 29,900,728,065 27,42 7.A15,897

29,77 5,475,1.70

t,4t2,251,468

27 35434t,4281,412,251,068

29,8A0,728,065

I,4t2,251 ,468

27,427,415,897

t,412,251,068

2,029,413,074

),,412,251,068

621,926,901 2,025,574,506

t,412,251,468

19.42

622,77s)41

I,412,251,468

21.08 19.i7 21.10

1,4 12,251,068

2,A29,413,074

7,412,25t,068

62t,926,941

t,412,25r,068

2,A25,574,506

t,412,251,068

4.44

622,775,30r

1,41,2,251,468

1.44 0.44 1.43

t.44 4.44 1.43 0.44

Consolidated

19

Solo

Sept-2020 Sept-201 9

11

14,122,510,680 14,122,51A,680 14,122,510,680 14,122,510,680

Sept-2020

EXPORT IMPORT BANK OF BANGLADESH LIMITED

Disclosure related to quarterly financial statements (Solo & Consolidated basis)

as at and for the period ended 30 September 2020

Amount in Taka

Solo Consolidated

Sept-2020 Sept-201 9 Sept-2020 Sept-201 9

NOCFPS decreased mainly due to decrease in cash flows fromoperatinB assets and liabilities compared to the previous period.

e. Reconciliation of net profit with cash flow from operating activitiesProfit before provision & tax (A) 2,819,972,335

d. Catculation of Net Operating Cash Flow Per Share (NOCFPS)Net Operating Cash Flow (A)

Number of ordinary share outstanding (B)

Net Operating Cash Flow Per Share (NOCFPS) (A/B)

Adiustments of Non-Cash Items (B)

Depreciation

Net loss/(gain) on sale of fixed assets

Nominal value of bonus share

Total Non-Cash Items (B)

Adiustments of accrued income/expenses (C)

(Increase)/decrease of profit income receivable on investmentIncrease/(decrease) of profit payable on depositsIncrease/(decrease) of accrued expenses payable Er others

Total adjustments of accrued income/expenses (C)

(12,894,044,429) 15,651,980,3191,4r2,251,068

1 1.08 (e,!4) 1 1,13

2,957,821,049 2,824,955,858 2,975,323,470

r87,224,420

(r36,217)

(4,665,010)

162,389,413

Q,a02,457)(t57,758,68A)

182,491,447 1,301,848 182,423,793 7,62 7,876

1,4t2,251,068

-P{iI

476,708,0A0

t,744,426,917

202,63t

(r3,8er,e53,s17)

|,4r2,251,068

15,723,469,879

t,412,251,068

127 ,7 44,177

3,311,543,973

453,875

476,708,000

t,744,A26,917

202,63t

139 ,633,927

3 ,3tl,543,973453,87 5

Income tax payment (D) (2,459,961,7 44) (1,57a,989,372) (2,461,599,641) (1,585,211,627)

Cash flows before changes in operating assets and liabilities (A+B+C+D) 2,763,039,586 4,827,877,554 2, 6,958

2,220,937,548 3,439,738,025 2,220,9i7,548 i,451,631,775

71,094

t86,892,674

(136,2t7)

(4,665,010)

162,062,985

Q,a02,4s7)(1s7,7s8,680)

12