धौलागिरी लघुवित्तको प्रथम त्रैमासिक वित्तीय विवरण सार्वजनिकDhaulagiri Laghubitta Reports Q1 Financial Results
- वर्ग:Category:
- Financial Analysis
- प्रकाशित मिति:Published:
- Published on November 5, 2026
Unaudited Condensed Statement of Financial Position
As on First Quarter ended 2083/04 (Asoj end 2083)
Amount (NPR)
| Particulars | This Quarter Ending | Immediate Previous Year Ending |
|---|---|---|
| Assets | ||
| Cash and Cash Equivalents | 104,034,883.10 | 205,245,235.24 |
| Statutory Balances and due from Nepal Rastra Bank | 15,050,000.00 | 87,050,000.00 |
| Placement with Bank & Financial Institutions | - | - |
| Derivative Financial Instruments | - | - |
| Other Trading Assets | - | - |
| Loan and Advances to MFIs & Cooperatives | - | - |
| Loans and Advances to Customers | 2,210,075,579.58 | 2,005,494,162.19 |
| Investment Securities | - | - |
| Current Tax Assets | 7,246,032.89 | 7,179,650.11 |
| Investment Property | - | - |
| Property and Equipment | 35,085,167.62 | 35,061,617.62 |
| Goodwill and Intangible Assets | 703,650.98 | 703,650.98 |
| Deferred Tax Assets | 10,234,477.46 | 10,234,477.46 |
| Other Assets | 125,788,584.50 | 108,164,132.44 |
| Total Assets | 2,508,218,376.13 | 2,459,132,927.17 |
| Liabilities | ||
| Due to Bank and Financial Institutions | - | - |
| Due to Nepal Rastra Bank | - | - |
| Derivative Financial Instruments | - | - |
| Deposits from Customers | 971,648,657.18 | 952,879,157.25 |
| Borrowings | 1,039,420,665.95 | 1,040,474,042.85 |
| Current Tax Liabilities | - | - |
| Provisions | - | - |
| Deferred Tax Liabilities | - | - |
| Other Liabilities | 290,582,821.31 | 265,366,044.43 |
| Debt Securities Issued | - | - |
| Subordinated Liabilities | - | - |
| Total Liabilities | 2,301,652,144.44 | 2,258,719,244.53 |
| Equity | ||
| Share Capital | 133,100,000.00 | 133,100,000.00 |
| Share Premium | - | - |
| Retained Earnings | (29,621,553.76) | (33,904,144.87) |
| Reserves | 103,087,785.45 | 101,217,827.51 |
| Total Equity | 206,566,231.69 | 200,413,682.64 |
| Total Liabilities and Equity | 2,508,218,376.13 | 2,459,132,927.17 |
Dhaulagiri Laghubitta Bittiya Sanstha Limited
Bagalung
Condensed Statement of Profit & Loss
For the First Quater Ended Asoj End 2083
Amount (NPR)
| Particulars | Current Year This Quarter | Current Year Upto This Quarter | Previous Year Corresponding This Quarter | Previous Year Corresponding Upto This Quarter |
|---|---|---|---|---|
| Interest Income | 68,824,489.27 | 68,824,489.27 | 295,205,859.50 | 295,205,859.50 |
| Interest Expense | 33,948,790.12 | 33,948,790.12 | 143,926,276.46 | 143,926,276.46 |
| Net Interest Income | 34,875,699.15 | 34,875,699.15 | 151,279,583.04 | 151,279,583.04 |
| Fee and Commission Income | 390,983.55 | 390,983.55 | 1,589,513.77 | 1,589,513.77 |
| Fee and Commission Expense | - | - | - | - |
| Net Fee and Commission Income | 390,983.55 | 390,983.55 | 1,589,513.77 | 1,589,513.77 |
| Net Interest, Fees and Commission Income | 35,266,682.70 | 35,266,682.70 | 152,869,096.81 | 152,869,096.81 |
| Net Trading Income | - | - | - | - |
| Other Operating Income | 9,225,749.27 | 9,225,749.27 | 29,444,821.88 | 29,444,821.88 |
| Total Operating Income | 9,225,749.27 | 9,225,749.27 | 182,313,918.69 | 182,313,918.69 |
| Impairment Charge/(reversal) for Loans and Other Losses | 5,091,321.25 | 5,091,321.25 | 108,861.25 | 108,861.25 |
| Net operating Income | 39,401,110.72 | 39,401,110.72 | 182,205,057.44 | 182,205,057.44 |
| Operating Expense | ||||
| Personnel Expenses | 23,759,239.60 | 23,759,239.60 | 103,108,093.20 | 103,108,093.20 |
| Other Operating Expenses | 6,436,035.03 | 6,436,035.03 | 43,493,820.37 | 43,493,820.37 |
| Depreciation & Amortization | 612,045.16 | 612,045.16 | 2,708,014.05 | 2,708,014.05 |
| Operating Profit | 8,593,790.93 | 8,593,790.93 | 32,895,129.82 | 32,895,129.82 |
| Non-Operating Income | 528,009.28 | 528,009.28 | 1,165,319.91 | 1,165,319.91 |
| Non-Operating Expense | 332,444.43 | 332,444.43 | 4,169,752.50 | 4,169,752.50 |
| Profit before Income Tax | 8,789,355.78 | 8,789,355.78 | 29,890,697.23 | 29,890,697.23 |
| Income Tax Expense | - | - | - | - |
| Current Tax | 2,636,806.73 | 2,636,806.73 | 8,967,209.17 | 8,967,209.17 |
| Deferred Tax | - | - | - | - |
| Profit for the Period | 6,152,549.05 | 6,152,549.05 | 20,923,488.06 | 20,923,488.06 |
Condensed Statement of Comprehensive Income
Amount (NPR)
| Particulars | Current Year This Quarter | Current Year Upto This Quarter | Previous Year Corresponding This Quarter | Previous Year Corresponding Upto This Quarter |
|---|---|---|---|---|
| Profit or Loss for the Period | 6,152,549.05 | 6,152,549.05 | 20,923,488.06 | 20,923,488.06 |
| Other Comprehensive Income | - | - | - | - |
| Total Comprehensive Income | 6,152,549.05 | 6,152,549.05 | 20,923,488.06 | 20,923,488.06 |
| Earnings per share | ||||
| Basic earnings per share | 4.62 | 15.72 | ||
| Annualized Basic Earnings per share | 1.54 | 15.72 | ||
| Diluted earnings per share | 1.54 | 15.72 | ||
Ratios as per NRB Directive
For the First Quarter Ended Asoj End 2083
Particulars Current Year Previous Year Corresponding
This Quarter Upto This Quarter This Quarter Upto This Quarter
Capital Fund to RWA 7.18% 7.57%
Non Performng loan(NPL) to Total Loan 21.05% 20.52%
Total Loan Loss Provision to Total NPL 5.88% 6.20%
Cost of Funds 6.62% 6.72%
Credit to Deposit and Borrowing Ratio 42.05% 45.18%
Base Rate 12.47% 14.15%
Interest Rate Spread 7.88% 7.98%
Statement of Distributable Profit or Loss
For the First Quarter Ended Asoj End 2083
As per NRB Regulation
Particulars Upto This Quarter
Opening Retained earning (2083/04/01) -33,904,144.87
Net profit or (loss) as per Profit & loss account 6,152,549.05
1.Appropriations:
1.1 Profit required to be appropriated to: 1,415,086.28
a. General Reserve 1,230,509.81
b. Corporate Social Responsibility Fund 61,525.49
c. Client Protection Fund 123,050.98
d. Other -
1.2 Profit or (loss) before regulatory adjustment 454,871.66
a. Transferred to Regulatory Resreve 454,871.66
b. Transferred from Regulatory Reserve -
Profit & (Loss) Upto First Quarter available for Distributable -29,621,553.76
Note:
1. Figures presented above may vary with the audited figures if instructed by regulators/statutory auditor.
2. The microfinance has applied alternative treatment in the carve outs issued by the Institute of Chartered Accountants of Nepal with respect to the Impairment of Loans and Advances.
3. Loans and Advances are presented net of impairment charges
4. Actuarial Valuation has been done on annual basis for Employee Benefits.
5. Figures are regrouped/rearranged/restated wherever necessary for consistent and fair presentation and comparison.
Interest Rate on Loan and Advances: 13.88% to 14.38% and Deposits: 7.5% to 8.37%
Note: The detailed interim financial report has been published in the website (https://www.dhaulagiribank.com)
धितोपत्र दर्ता तथा निष्काशन नियमावली
(२०७३ को (अनुसूची १४), नियम २६ को उपनियम (१) सँग सम्बन्धित)
आ. व. २०८३।०८४ को प्रथम त्रैमासिक प्रतिवेदन
१) वित्तीय विवरण:
(क) त्रैमासिक अवधिको वासलात, नाफा नोक्सान सम्बन्धी विवरण : आ.व. २०८३/०८४ को प्रथम त्रैमासिक अवधिको अपरिष्कृत (Unaudited) वासलात, नाफा नोक्सान, विवरण योग्य मुनाफा सम्बन्धी विवरण यसै साथ प्रकाशित गरिएको छ र सो विवरण यस वित्तीय संस्थाको सूचना पाटी तथा वेवसाईट www.dhaulagiribank.com मा समेत राखिएको छ।
(ख) प्रमुख वित्तीय अनुपातहरू:
प्रति शेयर आम्दानी अनुपात (वार्षिकमा): ४.६२
मूल्य आम्दानी अनुपात (P/E Ratio): २३९.०५
तरलता अनुपात: १२.२६
प्रति शेयर नेटवर्थ: १५५.९६
प्रति शेयरकुल सम्पत्तिको मूल्य: १८८४.४६
२. व्यवस्थापकीय विश्लेषणः
(क) त्रैमासिक अवधिमा संस्थाको मौज्दात, आम्दानी र तरलतामा कुनै परिवर्तन भएको भए सो को प्रमुख कारण सम्बन्धी विवरण:
हाल वित्तीय बजारमा तरलता वृद्धि हुन गई अर्थतन्त्रमा पर्न गएको असर र बैंक तथा वित्तीय संस्थाबाट लिइएको वोक विपन्न कर्जाहरुको व्याजदर कमी हुन गई कोषको लागतमा कमी भएको छ । संस्थाको मौज्दात, आम्दानी, तरलताको अवस्था र समग्र वित्तीय अवस्था सन्तोषजनक रहेको छ। समीक्षाको अवधिमा वित्तीय संस्थाको सदस्य संख्या, ऋणी संख्या, लगानीमा रहेको कर्जा रकम, बचत रकम, संस्थाको मौज्दात, तरलता र आम्दानीमा परिवर्तन भएको छ। आम्दानीमा बढोत्तरी र तरलता अवस्था सन्तोषजनक भै वित्तीय संस्थाले आशातित मुनाफा आर्जन गर्न सफल भएको छ । वित्तीय सूचकहरू अपेक्षित अनुरूप हुने व्यवस्थापनको अनुमान रहेको छ ।
(ख) आगामी अवधिको व्यवसायिक योजना सम्बन्धमा व्यवस्थापनको विश्लेषणात्मक विवरणः
राष्ट्रियस्तरको यस वित्तीय संस्थाले गरीव मुक्त समृद्ध समाज निर्माणमा सहजीकरणका लागि लघुवित्त सेवामा सहजता पहुँच पुऱ्याउँदै ग्रामिण तथा शहरी बस्तीका स्थानीय स्रोत साधनको प्रयोग गरी आर्थिक सामाजिक अवस्थामा सुधार ल्याउन विपन्न तथा न्यून आय भएका घर परिवारलाई लघुर्जा कर्जाको सहज पहुँचको उपलव्धतालाई अभिवृद्धि गर्ने उद्देश्यले नेपाल भरी नै सेवा क्रमशः विस्तार गर्ने क्रममा यस त्रैमासिक समीक्षा अवधि सम्म २५ जिल्लामा ५८ शाखा मार्फत ४४ हजार २ सय २७ विपन्न सदस्यमा सेवा पुऱ्याउँदै २ अर्व ३२ करोड ७ लाख ९ हजार कर्जा लगानी र ९७ करोड १६ लाख ४८ हजार बचत संकलन समेत साचालन कार्यहरू गरिरहेको छ । सदस्यहरुको वित्तीय कारोवार वित्तीय पहुँचलाई प्रभावकारी गर्न दयालेव बैकिङ्ग तथा मोवाइल बैंकिङ्ग सुविधा सञ्चालन गरिएको छ । वित्तीय साक्षरता, केन्द्र प्रमुख गोष्ठीको साथमा आय आर्जनमा प्रोत्सानका लागि आर्गेनिक कफिखेती तालिम, मौसमी तरकारीविउ वितरण कार्यक्रम भइरहेको छ साथै यस प्रकारका कार्यक्रमहरु आगामी दिनमा पनि संचालन गरिने छ । संस्थामा कर्मचारी दक्षता अभिवृद्धिका लागि विभिन्न तालिमहरुमा सहभागी गराई संचालन गरिनेछ । बैंक शेयरिङ्ग कार्यक्रम विस्तार गर्दा लघुवित्त सेवाको पहुँच नपुगेको क्षेत्रलाई प्राथमिकता दिइनेछ । ग्राहकको चाहना र आवश्यकतानुसार वित्तीय संस्थाको बचत, कर्जा र अन्य सेवालाई समय सापेक्ष थप परिमार्जन गर्दै आएको छ । वित्तीय संस्थाले आफ्नो स्रोत साधनलाई अधिकतम परिचालन गरी दिगो रुपमा लघुवित्त सेवा दिने योजना रहेको छ।
(ग) विगतको अनुभवबाट, संगठित संस्थाको मौज्दात, नाफा वा नगद प्रवाहमा तात्विक असर पार्न सक्ने घटना, अवस्था आदी भएमा सो सम्बन्धी विश्लेषणात्मक विवरणः
हालको परिस्थितिले गर्दा सम्पूर्ण बैंकिङ्ग प्रणालीमा देखिएको समस्याको कारण केन्द्र बैंक नियमित नबस्ने बरन सकेको छैन जसले गर्दा कर्जा असुलीमा समस्या देखिएको छ जसले गर्दा तरलता अभावको अवस्था आउन सक्ने देखिन्छ । साथै लघुवित्त क्षेत्रमा गरिने नकारात्मक टिका टिप्पणी, लघुवित्त वित्तीय संस्थामा देखिएको अस्वस्थ प्रतिस्पर्धी, बहुबैंकिङ कारोवार र कर्जाको अधिकार जस्ता कारणले पनि वित्तीय संस्थालाई नकारात्मक प्रभाव पारेको देखिएकोले यसलाई कम गर्न कर्जा सुचना केन्द्रको प्रभावकारीताले गर्दा क्रमशः जोखिम कम हुदै जाने र विस्तारै असल ग्राहकहरुको पहिचान हुनेछन् । साथै पछिल्लो समय नियमनकारी निकायको नीति निर्देशनमा संशोधन र सदस्यको आय स्तरमा भएको कमीका कारण संस्थाको मौज्दात, नाफा र नगद प्रवाहमा असर पार्न सक्ने देखिन्छ।
३. कानूनी कारवाही सम्बन्धी विवरण :
(क) त्रैमासिक अवधिमा संगठित संस्थाले कुनै पनि मुद्धा दायर नगरेको र संस्थाको विरुद्ध कुनै मुद्धा दायर भएको सूचना प्राप्त नभएको ।
(ख) संगठित संस्थाको संस्थापक र संचालक विरुद्धमा प्रचलित नियमको अथवा वा फौजीदारी अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर नभएको ।
ग) कुनै संस्थापक वा संचालक विरुद्ध आर्थिक अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर नभएको ।
४. संगठित संस्थाको शेयर कारोबार सम्बन्धी विश्लेषणः
(क) धितोपत्र बजारमा भएको संगठित संस्थाको शेयरको कारोवार सम्बन्धी व्यवस्थापनको धारणाः
दोस्रो बजारमा हुने शेयर कारोवार खुल्ला बजारले निर्धारण भए अनुरूप हुने भएकोले धितोपत्र बजारमा यस वित्तीय संस्थाको शेयरको कारोवारमा समय समयमा उतार चढाव देखिएता पनि कारोवारको अवस्था भने सन्तोषजनक रहेको छ । यस धौलोगिरी लघुवित्त वित्तीय संस्थाले DLBS को नामवाट नेपाल स्टक एक्सचेन्ज लिमिटेडमा शेयर सुचिकृत भई यस आ.व. को मिति २०८३ असोज ३० गते शुक्रबार सम्मको कारोवार हेर्दा कुल ६१ दिन कारोवार हुँदा मुल्यमा उतार चढाव को क्रममा अधिकतम मुल्य रु ९७४ र न्यूनतम मुल्य रु ९१० हदै अन्तिम दिनको कारोवार मूल्य रु ९१०५ मा बन्द भइहदा ६५,१५८ कित्ता खरिद विक्रीमा रु ७,३२,३०,७६८।६ बराबर रकमको कारोबार भएको छ।
(ख) त्रैमासिक अवधिको शेयरको अधिकतम, न्यूनतम, अन्तिम मूल्य, कारोबार भएको कुल दिन तथा कारोबार संख्या।
नेपाल स्टक एक्सचेन्ज लिमिटेडको वेवसाइड www.nepalstock.com को अनुसार प्रथम त्रैमासिक अवधिमा शेयर सम्बन्धी कारोवार देहाय बमोजिम रहेको छ ।
अधिकतम मूल्य: ९७४
न्यूनतम मूल्य: ९१०
अन्तिम मूल्य: ९१०५
कारोवार दिन: ६१
कारोबार संख्या: ९,८२५
कारोबार रकम: ७,३२,३०,७६८.६
कारोबार कित्ता: ६५,१५८
कैफियत: -
५. समस्या तथा चुनौती
क) नियामक निकायको नीति तथा नियममा आउन सक्ने परिवर्तन ।
ख) अनुभवी तथा दक्ष कर्मचारीहरूको अभाव हुनु, पुराना तथा दक्ष कर्मचारीहरूको बहिर्गमन हुनु ।
ग) वित्तीय बजारमा देखिएको अस्थिरतावाट पर्न सक्ने असहजताका उतर चढावको चुनौती ।
घ) सदस्यहरू व्यवस्थित पूर्व संचालन तथा वैकल्पिक आयश्रोत समेत नहुनु ।
ङ) लघुवित्त क्षेत्रमा भएको नकारात्मक टिका टिप्पणीको कारणले कर्जा असुलीमा चुनौती हुनु ।
च) सदस्यहरूमा वित्तीय साक्षरता र बैक तथा वित्तीय संस्थाहरूप्रति वित्तीय अनुशासनको कमी ।
६. संस्थागत सुशासन
(क) नेपाल राष्ट्र बैंकबाट जारी संस्थागत सुशासन लगायतका निर्देशकहरू पालना गर्नुका साथै प्रचलित ऐनहरू : कम्पनी ऐन २०६३, बैंक तथा वित्तीय संस्था सम्वन्धि ऐन २०७३, नेपाल राष्ट्र बैंक ऐन २०५८, धितोपत्र ऐन २०६३, आयकर ऐन २०५८, आदि पालना गरिएको छ ।
(ख) वित्तीय संस्थाको प्रबन्धपत्र, नियमावली, कर्मचारी सेवा विनियमावली, आर्थिक प्रशासन विनियमावली, वित्तीय सेवा निर्देशिका, आन्तरिक लेखापरीक्षण निर्देशिका, सम्पत्ति शुद्धिकरण व्यवस्थापन नीति, लगानी नीति लगायतका नीति, नियम, निर्देशिकाहरू पालना गरिएको छ ।
(ग) वित्तीय संस्थाले आफ्नो कारोवारलाई दुरुस्त, दुरुस्त छिटो छरितो र आन्तरिक नियन्त्रण प्रणालीलाई प्रभावकारी बनाउन संचालक समिति तथा लेखापरीक्षण समिति, जोखिम व्यवस्थापन समिति, कर्मचारी सेवा सुविधा समिति र सम्पत्ति शुद्धिकरण अनुगमन समितिहरु गठन गरेको छ।
७. सत्य, तथ्याथमा अध्यक्ष/कार्यकारी प्रमुखको उद्घोषण : आजका मितिसम्म यस प्रतिवेदनमा उल्लेखित जानकारी तथा विवरणहरूको शुद्धता सम्वन्धमा म व्यक्तिगत रुपमा उत्तरदायित्व लिन्छु। साथै म यो उद्घोष गर्दछु कि मैले जाने सम्म यस प्रतिवेदनमा उल्लेखित विवरणहरू सत्य, तथ्य र पूर्ण छन् र लगानीकर्ताहरूलाई सुसूचित निर्णय लिन आवश्यक कुनै विवरण, सूचना तथा जानकारीहरू लुकाइएको छैन ।
Unaudited Condensed Statement of Financial Position
As on First Quarter ended 2083/04 (Asoj end 2083)
Amount (NPR)
| Particulars | This Quarter Ending | Immediate Previous Year Ending |
|---|---|---|
| Assets | ||
| Cash and Cash Equivalents | 104,034,883.10 | 205,245,235.24 |
| Statutory Balances and due from Nepal Rastra Bank | 15,050,000.00 | 87,050,000.00 |
| Placement with Bank & Financial Institutions | - | - |
| Derivative Financial Instruments | - | - |
| Other Trading Assets | - | - |
| Loan and Advances to MFIs & Cooperatives | - | - |
| Loans and Advances to Customers | 2,210,075,579.58 | 2,005,494,162.19 |
| Investment Securities | - | - |
| Current Tax Assets | 7,246,032.89 | 7,179,650.11 |
| Investment Property | - | - |
| Property and Equipment | 35,085,167.62 | 35,061,617.62 |
| Goodwill and Intangible Assets | 703,650.98 | 703,650.98 |
| Deferred Tax Assets | 10,234,477.46 | 10,234,477.46 |
| Other Assets | 125,788,584.50 | 108,164,132.44 |
| Total Assets | 2,508,218,376.13 | 2,459,132,927.17 |
| Liabilities | ||
| Due to Bank and Financial Institutions | - | - |
| Due to Nepal Rastra Bank | - | - |
| Derivative Financial Instruments | - | - |
| Deposits from Customers | 971,648,657.18 | 952,879,157.25 |
| Borrowings | 1,039,420,665.95 | 1,040,474,042.85 |
| Current Tax Liabilities | - | - |
| Provisions | - | - |
| Deferred Tax Liabilities | - | - |
| Other Liabilities | 290,582,821.31 | 265,366,044.43 |
| Debt Securities Issued | - | - |
| Subordinated Liabilities | - | - |
| Total Liabilities | 2,301,652,144.44 | 2,258,719,244.53 |
| Equity | ||
| Share Capital | 133,100,000.00 | 133,100,000.00 |
| Share Premium | - | - |
| Retained Earnings | (29,621,553.76) | (33,904,144.87) |
| Reserves | 103,087,785.45 | 101,217,827.51 |
| Total Equity | 206,566,231.69 | 200,413,682.64 |
| Total Liabilities and Equity | 2,508,218,376.13 | 2,459,132,927.17 |
Dhaulagiri Laghubitta Bittiya Sanstha Limited
Bagalung
Condensed Statement of Profit & Loss
For the First Quater Ended Asoj End 2083
Amount (NPR)
| Particulars | Current Year This Quarter | Current Year Upto This Quarter | Previous Year Corresponding This Quarter | Previous Year Corresponding Upto This Quarter |
|---|---|---|---|---|
| Interest Income | 68,824,489.27 | 68,824,489.27 | 295,205,859.50 | 295,205,859.50 |
| Interest Expense | 33,948,790.12 | 33,948,790.12 | 143,926,276.46 | 143,926,276.46 |
| Net Interest Income | 34,875,699.15 | 34,875,699.15 | 151,279,583.04 | 151,279,583.04 |
| Fee and Commission Income | 390,983.55 | 390,983.55 | 1,589,513.77 | 1,589,513.77 |
| Fee and Commission Expense | - | - | - | - |
| Net Fee and Commission Income | 390,983.55 | 390,983.55 | 1,589,513.77 | 1,589,513.77 |
| Net Interest, Fees and Commission Income | 35,266,682.70 | 35,266,682.70 | 152,869,096.81 | 152,869,096.81 |
| Net Trading Income | - | - | - | - |
| Other Operating Income | 9,225,749.27 | 9,225,749.27 | 29,444,821.88 | 29,444,821.88 |
| Total Operating Income | 9,225,749.27 | 9,225,749.27 | 182,313,918.69 | 182,313,918.69 |
| Impairment Charge/(reversal) for Loans and Other Losses | 5,091,321.25 | 5,091,321.25 | 108,861.25 | 108,861.25 |
| Net operating Income | 39,401,110.72 | 39,401,110.72 | 182,205,057.44 | 182,205,057.44 |
| Operating Expense | ||||
| Personnel Expenses | 23,759,239.60 | 23,759,239.60 | 103,108,093.20 | 103,108,093.20 |
| Other Operating Expenses | 6,436,035.03 | 6,436,035.03 | 43,493,820.37 | 43,493,820.37 |
| Depreciation & Amortization | 612,045.16 | 612,045.16 | 2,708,014.05 | 2,708,014.05 |
| Operating Profit | 8,593,790.93 | 8,593,790.93 | 32,895,129.82 | 32,895,129.82 |
| Non-Operating Income | 528,009.28 | 528,009.28 | 1,165,319.91 | 1,165,319.91 |
| Non-Operating Expense | 332,444.43 | 332,444.43 | 4,169,752.50 | 4,169,752.50 |
| Profit before Income Tax | 8,789,355.78 | 8,789,355.78 | 29,890,697.23 | 29,890,697.23 |
| Income Tax Expense | - | - | - | - |
| Current Tax | 2,636,806.73 | 2,636,806.73 | 8,967,209.17 | 8,967,209.17 |
| Deferred Tax | - | - | - | - |
| Profit for the Period | 6,152,549.05 | 6,152,549.05 | 20,923,488.06 | 20,923,488.06 |
Condensed Statement of Comprehensive Income
Amount (NPR)
| Particulars | Current Year This Quarter | Current Year Upto This Quarter | Previous Year Corresponding This Quarter | Previous Year Corresponding Upto This Quarter |
|---|---|---|---|---|
| Profit or Loss for the Period | 6,152,549.05 | 6,152,549.05 | 20,923,488.06 | 20,923,488.06 |
| Other Comprehensive Income | - | - | - | - |
| Total Comprehensive Income | 6,152,549.05 | 6,152,549.05 | 20,923,488.06 | 20,923,488.06 |
| Earnings per share | ||||
| Basic earnings per share | 4.62 | 15.72 | ||
| Annualized Basic Earnings per share | 1.54 | 15.72 | ||
| Diluted earnings per share | 1.54 | 15.72 | ||
Ratios as per NRB Directive
For the First Quarter Ended Asoj End 2083
Particulars Current Year Previous Year Corresponding
This Quarter Upto This Quarter This Quarter Upto This Quarter
Capital Fund to RWA 7.18% 7.57%
Non Performng loan(NPL) to Total Loan 21.05% 20.52%
Total Loan Loss Provision to Total NPL 5.88% 6.20%
Cost of Funds 6.62% 6.72%
Credit to Deposit and Borrowing Ratio 42.05% 45.18%
Base Rate 12.47% 14.15%
Interest Rate Spread 7.88% 7.98%
Statement of Distributable Profit or Loss
For the First Quarter Ended Asoj End 2083
As per NRB Regulation
Particulars Upto This Quarter
Opening Retained earning (2083/04/01) -33,904,144.87
Net profit or (loss) as per Profit & loss account 6,152,549.05
1.Appropriations:
1.1 Profit required to be appropriated to: 1,415,086.28
a. General Reserve 1,230,509.81
b. Corporate Social Responsibility Fund 61,525.49
c. Client Protection Fund 123,050.98
d. Other -
1.2 Profit or (loss) before regulatory adjustment 454,871.66
a. Transferred to Regulatory Resreve 454,871.66
b. Transferred from Regulatory Reserve -
Profit & (Loss) Upto First Quarter available for Distributable -29,621,553.76
Note:
1. Figures presented above may vary with the audited figures if instructed by regulators/statutory auditor.
2. The microfinance has applied alternative treatment in the carve outs issued by the Institute of Chartered Accountants of Nepal with respect to the Impairment of Loans and Advances.
3. Loans and Advances are presented net of impairment charges
4. Actuarial Valuation has been done on annual basis for Employee Benefits.
5. Figures are regrouped/rearranged/restated wherever necessary for consistent and fair presentation and comparison.
Interest Rate on Loan and Advances: 13.88% to 14.38% and Deposits: 7.5% to 8.37%
Note: The detailed interim financial report has been published in the website (https://www.dhaulagiribank.com)
Securities Registration and Issuance Regulations
(Related to Schedule 14, Rule 26 Sub-rule (1) of 2073)
First Quarterly Report of F.Y. 2083/084
1) Financial Statement:
(a) Quarterly period Balance Sheet, Profit and Loss related details: The unaudited Balance Sheet, Profit and Loss statement, and Statement of Distributable Profit for the first quarter of F.Y. 2083/084 have been published herewith and the details have also been placed on the institution's notice board and website www.dhaulagiribank.com.
(b) Major Financial Ratios:
Earnings Per Share (Annualized): 4.62
Price Earnings Ratio (P/E Ratio): 239.05
Liquidity Ratio: 12.26
Net Worth Per Share: 155.96
Total Assets Value Per Share: 1884.46
2. Management Analysis:
(a) Details regarding major reasons for changes in stock, income, and liquidity of the institution during the quarterly period:
Currently, with increased liquidity in the financial market, impacting the economy and reducing the interest rate of deprived sector loans taken from banks and financial institutions, the cost of funds has decreased. The institution's stock, income, liquidity state, and overall financial condition remain satisfactory. During the review period, there have been changes in member count, borrower count, outstanding loan amount, deposit amount, stock of the institution, liquidity, and income. With an increase in income and a satisfactory liquidity position, the institution has succeeded in earning expected profit. The management estimates financial indicators to be as expected.
(b) Analytical details of the management regarding the business plan for the upcoming period:
As a national-level microfinance institution, in order to facilitate the creation of an equitable and prosperous society by facilitating easy access to microfinance services and utilizing local resources and tools in rural and urban settlements to improve the socio-economic condition of deprived and low-income families, the institution has been gradually expanding its services across Nepal. As of the first quarter review period, it operates through 58 branches across 25 districts, serving 44 thousand 2 hundred 27 deprived members with a loan investment of 2 billion 32 crore 7 lakh 9 thousand and deposit collection of 97 crore 16 lakh 48 thousand. To make financial transactions and financial access effective for members, DayaLab Banking and Mobile Banking services have been operated. Along with financial literacy and center chief workshops, organic coffee farming training and seasonal vegetable seed distribution programs are ongoing, and such programs will continue to be conducted in coming days. Various trainings will be conducted to enhance employee efficiency in the institution. Branch expansion will prioritize areas lacking microfinance access. The institution has been modifying savings, loan, and other services over time based on customer needs. The institution plans to maximally mobilize its resources for sustainable microfinance services.
(c) Analytical details regarding events, conditions, etc. from past experience that may materially affect the stock, profit, or cash flow of the organized institution:
Due to issues seen across the banking system caused by the current environment, the central bank has not been able to stay regular, causing difficulty in loan recovery, which indicates possible liquidity constraints. Additionally, negative comments in the microfinance sector, unhealthy competition seen among microfinance institutions, multi-banking transactions, and loan right issues have also negatively impacted financial institutions; to reduce this, the effectiveness of the Credit Information Bureau will gradually lower risk and identify good customers over time. Furthermore, recent revisions in regulatory guidelines and reduction in member income levels could impact the institution's stock, profit, and cash flows.
3. Details Regarding Legal Actions:
(a) No lawsuits were filed by or against the institution during the quarterly period.
(b) No lawsuit has been filed regarding any violation of prevalent regulations or commission of a criminal offense by the promoter or director of the organized institution.
(c) No lawsuit has been filed against any promoter or director regarding an economic offense.
4. Analysis Regarding Share Transactions of the Organized Institution:
(a) Management's view regarding the arrangement of share transactions of the organized institution in the securities market:
Since share transactions in the secondary market are determined by the open market, although fluctuations are seen from time to time in the trading of shares of this financial institution in the securities market, the transaction state remains satisfactory. Shares of Dhaulagiri Laghubitta Bittiya Sanstha Limited listed under DLBS on the Nepal Stock Exchange Limited completed 61 trading days up to Friday, Asoj 30, 2083, with maximum price of Rs 974 and minimum price of Rs 910, closing at Rs 910.5 on the final day, with 65,158 shares traded amounting to Rs 7,32,30,768.6.
(b) Maximum, minimum, closing price, total trading days, and transaction count of shares during the quarterly period.
According to Nepal Stock Exchange Limited's website www.nepalstock.com, share transactions during the first quarter period are as follows:
Maximum Price: 974
Minimum Price: 910
Closing Price: 910.5
Trading Days: 61
Transaction Count: 9,825
Trading Amount: 7,32,30,768.6
Traded Shares Quantity: 65,158
Remarks: -
5. Problems and Challenges
(a) Possible changes in policy and regulations of the regulatory body.
(b) Scarcity of experienced and skilled staff, exit of existing skilled employees.
(c) Challenge of volatility and inconvenience arising from instability seen in the financial market.
(d) Lack of organized prior operation and alternative income sources for members.
(e) Challenge in loan recovery due to negative commentary in the microfinance sector.
(f) Lack of financial literacy among members and financial discipline towards banks and financial institutions.
6. Corporate Governance
(a) Directives issued by Nepal Rastra Bank regarding corporate governance have been complied with, alongside prevalent laws: Companies Act 2063, Bank and Financial Institutions Act 2073, Nepal Rastra Bank Act 2058, Securities Act 2063, Income Tax Act 2058, etc.
(b) The institution's Memorandum of Association, Articles of Association, Employee Service By-laws, Financial Administration By-laws, Financial Service Guidelines, Internal Audit Guidelines, Anti-Money Laundering Policy, Investment Policy, and other rules, regulations, and directives have been followed.
(c) To make the financial institution's transactions transparent, efficient, and internal control systems effective, the Board of Directors, Audit Committee, Risk Management Committee, Employee Services & Benefits Committee, and Anti-Money Laundering Monitoring Committee have been formed.