नेरुडे मिर्मिरे लघुवित्तको प्रथम त्रैमासिक वित्तीय विवरणNerude Mirmire Laghubitta: Q1 Unaudited Financial Statement
- वर्ग:Category:
- Financial Analysis
- प्रकाशित मिति:Published:
- Published on October 28, 2026
Unaudited Interim Financial Statement
Condensed Statement of Financial Position
As on Quarter Ended 31st Ashwin 2083
Amount in NPR
| Particulars | This Quarter Ending | Immediate Previous Year Ending |
|---|---|---|
| Assets | ||
| Cash and Cash Equivalents | 1,031,986,672 | 393,150,125 |
| Statutory Balances & due from Nepal Rastra Bank | 90,204,124 | 50,204,124 |
| Placement with Bank and Financial Institutions | 330,278,970 | 410,278,970 |
| Derivative Financial Instruments | - | - |
| Other Trading Assets | - | - |
| Loans and Advances to MFIs & Co-operatives | - | - |
| Loans and Advances to Customers | 19,458,819,309 | 19,322,380,825 |
| Investment Securities | 3,510,000 | 3,510,000 |
| Current Tax Assets | 185,207,434 | 183,596,286 |
| Investment Property | - | - |
| Property and Equipment | 342,767,026 | 345,463,061 |
| Goodwill and Intangible Assets | 30,202,403 | 30,202,403 |
| Deferred Tax Assets | 104,199,130 | 104,199,130 |
| Other Assets | 85,790,508 | 116,417,945 |
| Total Assets | 21,662,965,575 | 20,959,402,869 |
| Liabilities | ||
| Due to Bank and Financial Institutions | - | - |
| Due to Nepal Rastra Bank | - | - |
| Derivative Financial Instruments | - | - |
| Deposits from Customers | 7,740,495,774 | 7,696,727,868 |
| Borrowings | 10,324,433,208 | 9,773,306,896 |
| Current Tax Liabilities | 101,100,611 | 101,100,611 |
| Provisions | - | - |
| Deferred Tax Liabilities | - | - |
| Other Liabilities | 919,519,164 | 780,138,468 |
| Debt Securities Issued | - | - |
| Subordinated Liabilities | - | - |
| Total Liabilities | 19,085,548,756 | 18,351,273,843 |
| Equity | ||
| Share Capital | 1,397,764,272 | 1,397,764,272 |
| Share Premium | - | - |
| Retained Earnings | (158,118,082) | (121,922,334) |
| Reserves | 1,337,770,629 | 1,332,287,087 |
| Total Equity | 2,577,416,819 | 2,608,129,026 |
| Total Liabilities and Equity | 21,662,965,575 | 20,959,402,869 |
| Net Assets Value per share | 184.40 | 186.59 |
Condense Statement of Distributable Profit or Loss
For the quarter Ended 31st Ashwin 2083
(As per NRB Regulation)
Amount in NPR
Particulars Current Year
Opening Retained Earnings Before Allocation(Adjusted) (121,922,334)
Adjustment 429,881
Net profit or (loss) as per statement of profit or loss (27,999,443.63)
Appropriations:
a. General reserve -
b. Foreign exchange fluctuation fund -
c. Capital redemption reserve -
d. Corporate social responsibility fund -
e. Employees' training fund -
f. Client Protection Fund -
g. Other -
Profit or (loss) before regulatory adjustment (149,491,896.18)
Regulatory adjustment :
a. Interest receivable (-)/previous accrued interest received (+) (8,626,186.16)
b. Short loan loss provision in accounts (-)/reversal (+) -
c. Short provision for possible losses on investment (-)/reversal (+) -
d. Short loan loss provision on Non Banking Assets (-)/resersal (+) -
e. Deferred tax assets recognised (-)/ reversal (+) -
f. Goodwill recognised (-)/ impairment of Goodwill (+) -
g. Bargain purchase gain recognised (-)/resersal (+) -
h. Acturial loss recognised (-)/reversal (+) -
i. Other (+/-) -
Other -
Loan Loss Provision Write back -
Distributable profit or (loss) (158,118,082.35)
Annualized distributable profit/loss per share (45.25)
Notes :
1. The above unaudited interim financial statements have been prepared in accordance with the applicable Nepal Financial Reporting Standards (NFRS), except for the matters disclosed in Note 2 below. These figures are subject to adjustment, if any, upon statutory audit and/or as required by the regulatory authority.
2. The impact of Expected Credit Loss (ECL) and recognition of interest income using the Effective Interest Rate (EIR) method, as required under NFRS 9 - Financial Instruments , has not been incorporated in these interim financial statements.
3. The immediately previous year-end figures presented in the Condensed Statement of Financial Position have been derived from the published fourth-quarter financial statements for FY 2082/83, as the audited financial statements for FY 2082/83 have not yet been finalized.
4. The amount presented as an adjustment in retained earnings: Rs. 429,881 pertains to FY 2082/83 and was recorded in the books after the publication of the Q4 financial statements; accordingly, the same has been presented as an adjustment to reconcile the opening retained earnings with the books of account.
5. The Loans and advance includes interest receivable and are presented net of impairment loss.
6. Acturial Valuation will be done on annual basis for Employee benefit.
7. Personnel Expenses includes staff bonus provision allocated as per rule.
8. Previous Period figures are regrouped/rearranged/restated wherever necessary for consistent presentation and comparison.
9. The above figures are subject to change as per the direction of Regulators and/or statutory auditors.
10. The detailed interim financial report has been published in our website http://www.nerudemirmire.com.np
धितोपत्र दर्ता तथा निष्काशन नियमावली, २०६४ को नियम २६ को उपनियम (१) संग सम्बन्धित अनुसूची-१४ बमोजिमको
आर्थिक वर्ष २०८३/८४ को प्रथम त्रैमासिक वित्तीय विवरण
| Interest Income | 600,590,817 | 600,590,817 | 715,018,613 | 715,018,613 |
| Interest Expense | 311,648,550 | 311,648,550 | 311,718,201 | 311,718,201 |
| Net Interest Income | 288,942,267 | 288,942,267 | 403,300,412 | 403,300,412 |
| Fee and Commission Income | 44,655,940 | 44,655,940 | 37,896,361 | 37,896,361 |
| Fee and Commission Expense | 90,120 | 90,120 | 207,589 | 207,589 |
| Net Fee and Commission Income | 44,565,820 | 44,565,820 | 37,688,771 | 37,688,771 |
| Net Interest, Fee and Commission Income | 333,508,087 | 333,508,087 | 440,989,183 | 440,989,183 |
| Net Trading Income | - | - | - | - |
| Other Operating Income | 1,059 | 1,059 | - | - |
| Total Operating Income | 333,509,146 | 333,509,146 | 440,989,183 | 440,989,183 |
| Impairment Charge/ (Reversal) for Loans and Other Losses | 102,740,843 | 102,740,843 | 88,369,967 | 88,369,967 |
| Net Operating Income | 230,768,304 | 230,768,304 | 352,619,216 | 352,619,216 |
| Operating Expense | ||||
| Personnel Expenses | 207,852,019 | 207,852,019 | 228,211,878 | 228,211,878 |
| Other Operating Expenses | 51,437,366 | 51,437,366 | 45,623,589 | 45,623,589 |
| Depreciation & Amortisation | 2,206,486 | 2,206,486 | 2,743,603 | 2,743,603 |
| Operating Profit | (30,727,568) | (30,727,568) | 76,040,145 | 76,040,145 |
| Non Operating Income | 2,728,124 | 2,728,124 | 3,057,726 | 3,057,726 |
| Non Operating Expense | - | - | - | - |
| Profit Before Income Tax | (27,999,444) | (27,999,444) | 79,097,872 | 79,097,872 |
| Income Tax Expense | - | - | 23,729,361 | 23,729,361 |
| Current Tax | - | - | 23,729,361 | 23,729,361 |
| Deferred Tax | - | - | - | - |
| Profit for the Year | (27,999,444) | (27,999,444) | 55,368,510 | 55,368,510 |
| Profit Attributable to: | ||||
| Equity-holders of the Financial Institution | (27,999,444) | (27,999,444) | 55,368,510 | 55,368,510 |
| Non-controlling interest | - | - | - | - |
| Profit for the Year | (27,999,444) | (27,999,444) | 55,368,510 | 55,368,510 |
Condensed Statement of Comprehensive Income
For the quarter Ended 31st Ashwin 2083
Amount in NPR
| Particulars | Current Year This Quarter Up to | Current Year This Quarter (YTD) | Previous Year Corresponding This Quarter Up to | Previous Year Corresponding This Quarter (YTD) |
|---|---|---|---|---|
| Profit for the Period | (27,999,444) | (27,999,444) | 55,368,510 | 55,368,510 |
| Total Comprehensive Income | (27,999,444) | (27,999,444) | 55,368,510 | 55,368,510 |
| Total Comprehensive Income for the Period | (27,999,444) | (27,999,444) | 55,368,510 | 55,368,510 |
| Earnig Per Share | ||||
| Basic Earning per Share | (8.01) | 15.84 | ||
| Diluted earnings per share | (8.01) | 15.84 | ||
Ratios as per NRB Directive
Particulars Current Year Up to This Quarter (YTD) Previous Year Corresponding Up to This Quarter (YTD)
Capital fund to RWA 9.17% 10.27%
Non-performing loan (NPL) to total loan 21.73% 15.70%
Total loan loss provision to Total NPL 39.72% 31.60%
Cost of Funds 6.89% 6.55%
Credit to Deposit and borrowing Ratio 107.72% 118.78%
Base Rate 13.13% 13.08%
Interest Rate Spread 7.95% 8.45%
Interest Rate
- Deposits : 7.50% to 10%
- Loan & Advance : 13.88% to 15%
- वित्तीय विवरण :
क) त्रैमासिक अवधिको वासलात, नाफा नोक्सान सम्बन्धी विवरण : यस वित्तीय संस्थाको आ.व.२०८३/८४ को प्रथम त्रैमासको अपरिष्कृत (Unaudited) वित्तीय विवरणहरु वासलात, नाफा नोक्सान हिसाब, वितरण योग्य मुनाफा र सो संग सम्बन्धित परिसूचकहरु नेपाल वित्तीय प्रतिवेदन मान (NFRS) बमोजिम यसै साथ प्रकाशित गरिएको छ ।
ख) प्रमुख वित्तीय अनुपातहरु :
प्रति शेयर आम्दानी (वार्षिकीकरण) (८.०१) मूल्य आम्दानी अनुपात (६२.०३) प्रति शेयर नेटवर्थ १६४.४० प्रति शेयर कुल सम्पत्तिको मूल्य १,५५० तरलता अनुपात ७.६३
२. व्यवस्थापकीय विश्लेषण :
क) त्रैमासिक अवधिमा संस्थाको मौज्दात, आम्दानी र तरलतामा कुनै परिवर्तन भए सो को प्रमुख कारण सम्बन्धी विवरण : चालु आर्थिक वर्षको प्रथम त्रैमासिक अवधिमा संस्थाको कर्जा लगानी तथा निक्षेप परिचालनमा वृद्धि भई कुल सम्पत्ति तथा व्यवसायको आकार विस्तार भएको छ । निक्षेप सङ्कलनमा भएको वृद्धिका कारण संस्थाको तरलता स्थिति तुलनात्मक रूपमा सन्तोषजनक देखिएको छ । तथापि, समीक्षा अवधिमा ब्याज आम्दानीमा आएको सङ्कुचन तथा कर्जा नोक्सानी व्यवस्थामा भएको वृद्धिका कारण संस्थाले खुद नोक्सानी व्यहोर्नुपरेको छ । संस्थाले अवलम्बन गरेको पूंजी व्यवस्थापन योजना, रणनीति तथा सुधारका उपायहरु तथा तिनको प्रभावकारी कार्यान्वयनका कारण हाल संस्थाको पूंजीको नियमकीय मापदण्ड अनुसार कायमै रहेको छ । यस वित्तीय संस्थाले वित्तीय अवस्था थप सुदृढ बनाउन, निष्क्रिय कर्जा न्यूनीकरण गर्न, आम्दानीका स्रोत विस्तार गर्न तथा दीर्घकालीन वित्तीय स्थायित्व कायम गर्न आवश्यक सुधारात्मक कार्यहरू निरन्तर रूपमा अघि बढाइरहेको छ ।
ख) आगामी अवधिको व्यावसायिक योजना सम्बन्धमा व्यवस्थापनको विश्लेषणत्मक विवरण : यस वित्तीय संस्थाले चालु आ.व.को प्रथम त्रैमासको अन्त्यसम्ममा २२१ वटा शाखा कार्यालयहरु मार्फत ३,१६,५८६ जना विपन्न तथा लक्षित वर्गका ग्राहक सदस्यहरूलाई गुणस्तरीय रुपमा लघुवित्तीय सेवा प्रवाह गर्दै आइरहेको छ । आगामी अवधिमा संस्थाले कर्जा लगानीको गुणस्तर अभिवृद्धि गर्ने, उत्पादनशील एवं सुरक्षित क्षेत्रमा प्रभावकारी व्यवसाय विस्तार गर्ने तथा विशेष असुली अभियान सञ्चालन गरी निष्क्रिय कर्जा न्यूनीकरणलाई उच्च प्राथमिकतामा राखेको छ । साथै, कर्मचारीहरूको क्षमता एवं कार्यकुशलता अभिवृद्धिका लागि निरन्तर तालिम प्रदान गरी उत्पादकत्व बढाउने, स्वयम् अनुगमन तथा निरीक्षण प्रणालीलाई थप चुस्त र नतिजामुखी बनाउने, सञ्चालन खर्चमा मितव्ययिता कायम राख्ने तथा जोखिम व्यवस्थापनलाई सुदृढ गर्दै चालु आर्थिक वर्षको व्यावसायिक योजना अनुसार उपलब्धि हासिल गरी संस्थालाई दीगो एवं नाफामूलक दिशामा अगाडि बढाउने व्यवस्थापनको योजना रहेको छ ।
ग) विगतको अनुभवबाट संगठित संस्थाको मौज्दात, नाफा वा नगद प्रवाहमा असर पर्न सक्ने घटना आदि भएमा सो सम्बन्धी विश्लेषणत्मक विवरण : लघुवित्त क्षेत्रमा देखिएको अस्वस्थ प्रतिस्पर्धाले कर्जा सदुपयोगितामा कमी आई संस्थाको कारोबारमा असर परेको, कर्जा लगानी र असुलीमा कमी आई संस्थाको मौज्दात र मुनाफामा प्रभाव परेको भतापनि कर्जाको गुणस्तर सुधार गर्ने, कर्जा जोखिम न्यूनीकरण गर्ने, निष्क्रिय कर्जा असुली गर्न कारवाही अभियानको रूपमा सञ्चालन गरी संस्थागत सुशासनलाई उच्च प्राथमिकताका साथै आगामी दिनमा वित्तीय संस्थाको मौज्दात, आम्दानी, तरलता तथा नगद प्रवाहलाई सन्तुलित र सन्तोषजनक बनाउन व्यवस्थापन पूर्ण रूपमा प्रतिबद्ध रहेको छ ।
३. कानुनी कारवाही सम्बन्धी विवरण :
क) यस त्रैमासिक अवधिमा संस्थाले कसैको विरुद्धमा कुनै मुद्दा दायर गरेको छैन र संस्थाको विरुद्धमा मुद्दा दायर भएको कुनै सूचना प्राप्त भएको छैन ।
ख) संस्थाका संस्थापक वा सञ्चालक वा संस्थापक वा सञ्चालकको विरुद्धमा प्रचलित नियमको अवज्ञा वा फौजदारी अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर गरेको वा भएको कुनै जानकारी प्राप्त भएको छैन ।
ग) कुनै संस्थापक वा सञ्चालक विरुद्ध आर्थिक अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर गरेको वा भएको कुनै जानकारी प्राप्त भएको छैन ।
४. वित्तीय शेयर कारोबार तथा प्रगति सम्बन्धी विश्लेषण :
क) धितोपत्र बजारमा हुने शेयर कारोबार सम्बन्धमा नेपाल स्टक एक्सचेन्ज लिमिटेडमा शेयर सूचीकृत भई सन्तोषजनक कारोबार भइरहेको छ ।
ख) यस त्रैमासिक अवधिमा यस वित्तीय संस्थाको शेयरको कारोबार निम्नानुसार भएको देखिन्छ ।
अधिकतम मूल्य ५५३
न्यूनतम मूल्य ४७७
अन्तिम मूल्य ४९७
कारोबार कुल दिन ६१
कारोबार शेयर संख्या ३,६९,९२१
५. समस्या तथा चुनौती :
लघुवित्त क्षेत्रमा देखिएको अत्यधिक ऋणभार, अस्वस्थ प्रतिस्पर्धा, लघुवित्त संस्थाहरु विरुद्ध सञ्चालित भ्रामक गतिविधिहरु तथा ऋणीहरूमा कर्जा नतिर्ने प्रवृत्ति प्रमुख बाह्य चुनौतीका रूपमा रहेका छन् । त्यसैगरी, निष्क्रिय कर्जा नियन्त्रण गरी कर्जा नोक्सानी व्यवस्थापनको भार घटाउनु संस्थाको लागि प्रमुख आन्तरिक चुनौतीका रूपमा रहेको छ । उल्लेखित चुनौतीहरूको प्रभावकारी व्यवस्थापनका लागि संस्थाले कर्जाको सदुपयोग सुनिश्चित गर्ने, कर्जाको नियमित अनुगमन तथा प्रभावकारी असुली प्रक्रियालाई सुदृढ बनाउने, विशेष असुली अभियानलाई तीव्रता दिने तथा सुरक्षित र उत्पादनशील क्षेत्रमा कर्जा लगानी विस्तार गर्ने कार्यलाई प्राथमिकतामा राखेको छ । साथै, संस्थाको वित्तीय स्थायित्व अभिवृद्धि गर्दै समग्र कार्य सञ्चालनलाई दीगो, प्रभावकारी र सन्तोषजनक बनाउन निरन्तर प्रयास गरिरहेको छ ।
६. संस्थागत सुशासन :
संस्थागत सुशासन संस्थागत विकास र व्यावसायिक प्रगतिको आधारस्तम्भ रहने भएकाले यस संस्थाले नेपाल राष्ट्र बैंकबाट जारी संस्थागत सुशासन लगायतका निर्देशनहरु पालना गर्नुको साथै प्रचलित ऐनहरु : कम्पनी ऐन २०६३, बैंक तथा वित्तीय संस्था सम्बन्धी ऐन २०६३, नेपाल राष्ट्र बैंक ऐन २०५८, धितो पत्र ऐन २०६३, आयकर ऐन २०५८ आदिको पालना गर्दै आएको छ । संस्थामा नियमावली, नीति, निर्देशिका, कार्यविधिहरुको कार्यान्वयन गरी आन्तरिक नियन्त्रण प्रणालीलाई व्यवस्थित गरिएको छ । साथै, आन्तरिक लेखापरीक्षण, बाह्य लेखापरीक्षण तथा नेपाल राष्ट्र बैंकबाट समय समयमा हुने सुपरिवेक्षणबाट प्राप्त सुझावहरूको पूर्ण रूपमा पालना गर्दै संस्थागत सुशासनलाई सुदृढ बनाउन सञ्चालकसमितिका समितिहरु समेत सक्रिय रहेका छन् ।
७. सत्य तथ्यता सम्बन्धमा कार्यकारी प्रमुखको उद्घोष :
आजका मितिसम्म यस प्रतिवेदनमा उल्लेखित जानकारी तथा विवरणहरुको शुद्धता सम्बन्धमा म व्यक्तिगत रुपमा उत्तरदायित्व लिन्छु । साथै, म यो उद्घोष गर्दछु की मैले जाने बुझेसम्म यस प्रतिवेदनमा उल्लेखित विवरणहरु सत्य, तथ्य र पूर्ण छन् र लगानीकर्ताहरुलाई सुसूचित निर्णय लिन आवश्यक कुनै विवरण, सूचना तथा जानकारीहरु लुकाइएको छैन ।
Unaudited Interim Financial Statement
Condensed Statement of Financial Position
As on Quarter Ended 31st Ashwin 2083
Amount in NPR
| Particulars | This Quarter Ending | Immediate Previous Year Ending |
|---|---|---|
| Assets | ||
| Cash and Cash Equivalents | 1,031,986,672 | 393,150,125 |
| Statutory Balances & due from Nepal Rastra Bank | 90,204,124 | 50,204,124 |
| Placement with Bank and Financial Institutions | 330,278,970 | 410,278,970 |
| Derivative Financial Instruments | - | - |
| Other Trading Assets | - | - |
| Loans and Advances to MFIs & Co-operatives | - | - |
| Loans and Advances to Customers | 19,458,819,309 | 19,322,380,825 |
| Investment Securities | 3,510,000 | 3,510,000 |
| Current Tax Assets | 185,207,434 | 183,596,286 |
| Investment Property | - | - |
| Property and Equipment | 342,767,026 | 345,463,061 |
| Goodwill and Intangible Assets | 30,202,403 | 30,202,403 |
| Deferred Tax Assets | 104,199,130 | 104,199,130 |
| Other Assets | 85,790,508 | 116,417,945 |
| Total Assets | 21,662,965,575 | 20,959,402,869 |
| Liabilities | ||
| Due to Bank and Financial Institutions | - | - |
| Due to Nepal Rastra Bank | - | - |
| Derivative Financial Instruments | - | - |
| Deposits from Customers | 7,740,495,774 | 7,696,727,868 |
| Borrowings | 10,324,433,208 | 9,773,306,896 |
| Current Tax Liabilities | 101,100,611 | 101,100,611 |
| Provisions | - | - |
| Deferred Tax Liabilities | - | - |
| Other Liabilities | 919,519,164 | 780,138,468 |
| Debt Securities Issued | - | - |
| Subordinated Liabilities | - | - |
| Total Liabilities | 19,085,548,756 | 18,351,273,843 |
| Equity | ||
| Share Capital | 1,397,764,272 | 1,397,764,272 |
| Share Premium | - | - |
| Retained Earnings | (158,118,082) | (121,922,334) |
| Reserves | 1,337,770,629 | 1,332,287,087 |
| Total Equity | 2,577,416,819 | 2,608,129,026 |
| Total Liabilities and Equity | 21,662,965,575 | 20,959,402,869 |
| Net Assets Value per share | 184.40 | 186.59 |
Condense Statement of Distributable Profit or Loss
For the quarter Ended 31st Ashwin 2083
(As per NRB Regulation)
Amount in NPR
Particulars Current Year
Opening Retained Earnings Before Allocation(Adjusted) (121,922,334)
Adjustment 429,881
Net profit or (loss) as per statement of profit or loss (27,999,443.63)
Appropriations:
a. General reserve -
b. Foreign exchange fluctuation fund -
c. Capital redemption reserve -
d. Corporate social responsibility fund -
e. Employees' training fund -
f. Client Protection Fund -
g. Other -
Profit or (loss) before regulatory adjustment (149,491,896.18)
Regulatory adjustment :
a. Interest receivable (-)/previous accrued interest received (+) (8,626,186.16)
b. Short loan loss provision in accounts (-)/reversal (+) -
c. Short provision for possible losses on investment (-)/reversal (+) -
d. Short loan loss provision on Non Banking Assets (-)/resersal (+) -
e. Deferred tax assets recognised (-)/ reversal (+) -
f. Goodwill recognised (-)/ impairment of Goodwill (+) -
g. Bargain purchase gain recognised (-)/resersal (+) -
h. Acturial loss recognised (-)/reversal (+) -
i. Other (+/-) -
Other -
Loan Loss Provision Write back -
Distributable profit or (loss) (158,118,082.35)
Annualized distributable profit/loss per share (45.25)
Notes :
1. The above unaudited interim financial statements have been prepared in accordance with the applicable Nepal Financial Reporting Standards (NFRS), except for the matters disclosed in Note 2 below. These figures are subject to adjustment, if any, upon statutory audit and/or as required by the regulatory authority.
2. The impact of Expected Credit Loss (ECL) and recognition of interest income using the Effective Interest Rate (EIR) method, as required under NFRS 9 - Financial Instruments , has not been incorporated in these interim financial statements.
3. The immediately previous year-end figures presented in the Condensed Statement of Financial Position have been derived from the published fourth-quarter financial statements for FY 2082/83, as the audited financial statements for FY 2082/83 have not yet been finalized.
4. The amount presented as an adjustment in retained earnings: Rs. 429,881 pertains to FY 2082/83 and was recorded in the books after the publication of the Q4 financial statements; accordingly, the same has been presented as an adjustment to reconcile the opening retained earnings with the books of account.
5. The Loans and advance includes interest receivable and are presented net of impairment loss.
6. Acturial Valuation will be done on annual basis for Employee benefit.
7. Personnel Expenses includes staff bonus provision allocated as per rule.
8. Previous Period figures are regrouped/rearranged/restated wherever necessary for consistent presentation and comparison.
9. The above figures are subject to change as per the direction of Regulators and/or statutory auditors.
10. The detailed interim financial report has been published in our website http://www.nerudemirmire.com.np
| First Quarter Financial Statement of Fiscal Year 2083/84 Related to Schedule-14 Pursuant to Sub-rule | (1) | 26 | 2064 | |
| Interest Income | 600,590,817 | 600,590,817 | 715,018,613 | 715,018,613 |
| Interest Expense | 311,648,550 | 311,648,550 | 311,718,201 | 311,718,201 |
| Net Interest Income | 288,942,267 | 288,942,267 | 403,300,412 | 403,300,412 |
| Fee and Commission Income | 44,655,940 | 44,655,940 | 37,896,361 | 37,896,361 |
| Fee and Commission Expense | 90,120 | 90,120 | 207,589 | 207,589 |
| Net Fee and Commission Income | 44,565,820 | 44,565,820 | 37,688,771 | 37,688,771 |
| Net Interest, Fee and Commission Income | 333,508,087 | 333,508,087 | 440,989,183 | 440,989,183 |
| Net Trading Income | - | - | - | - |
| Other Operating Income | 1,059 | 1,059 | - | - |
| Total Operating Income | 333,509,146 | 333,509,146 | 440,989,183 | 440,989,183 |
| Impairment Charge/ (Reversal) for Loans and Other Losses | 102,740,843 | 102,740,843 | 88,369,967 | 88,369,967 |
| Net Operating Income | 230,768,304 | 230,768,304 | 352,619,216 | 352,619,216 |
| Operating Expense | ||||
| Personnel Expenses | 207,852,019 | 207,852,019 | 228,211,878 | 228,211,878 |
| Other Operating Expenses | 51,437,366 | 51,437,366 | 45,623,589 | 45,623,589 |
| Depreciation & Amortisation | 2,206,486 | 2,206,486 | 2,743,603 | 2,743,603 |
| Operating Profit | (30,727,568) | (30,727,568) | 76,040,145 | 76,040,145 |
| Non Operating Income | 2,728,124 | 2,728,124 | 3,057,726 | 3,057,726 |
| Non Operating Expense | - | - | - | - |
| Profit Before Income Tax | (27,999,444) | (27,999,444) | 79,097,872 | 79,097,872 |
| Income Tax Expense | - | - | 23,729,361 | 23,729,361 |
| Current Tax | - | - | 23,729,361 | 23,729,361 |
| Deferred Tax | - | - | - | - |
| Profit for the Year | (27,999,444) | (27,999,444) | 55,368,510 | 55,368,510 |
| Profit Attributable to: | ||||
| Equity-holders of the Financial Institution | (27,999,444) | (27,999,444) | 55,368,510 | 55,368,510 |
| Non-controlling interest | - | - | - | - |
| Profit for the Year | (27,999,444) | (27,999,444) | 55,368,510 | 55,368,510 |
Condensed Statement of Comprehensive Income
For the quarter Ended 31st Ashwin 2083
Amount in NPR
| Particulars | Current Year This Quarter Up to | Current Year This Quarter (YTD) | Previous Year Corresponding This Quarter Up to | Previous Year Corresponding This Quarter (YTD) |
|---|---|---|---|---|
| Profit for the Period | (27,999,444) | (27,999,444) | 55,368,510 | 55,368,510 |
| Total Comprehensive Income | (27,999,444) | (27,999,444) | 55,368,510 | 55,368,510 |
| Total Comprehensive Income for the Period | (27,999,444) | (27,999,444) | 55,368,510 | 55,368,510 |
| Earnig Per Share | ||||
| Basic Earning per Share | (8.01) | 15.84 | ||
| Diluted earnings per share | (8.01) | 15.84 | ||
Ratios as per NRB Directive
Particulars Current Year Up to This Quarter (YTD) Previous Year Corresponding Up to This Quarter (YTD)
Capital fund to RWA 9.17% 10.27%
Non-performing loan (NPL) to total loan 21.73% 15.70%
Total loan loss provision to Total NPL 39.72% 31.60%
Cost of Funds 6.89% 6.55%
Credit to Deposit and borrowing Ratio 107.72% 118.78%
Base Rate 13.13% 13.08%
Interest Rate Spread 7.95% 8.45%
Interest Rate
- Deposits : 7.50% to 10%
- Loan & Advance : 13.88% to 15%
- Financial Statements :
a) Details regarding Quarterly Balance Sheet, Profit and Loss Account: The unaudited financial statements for the first quarter of FY 2083/84, including the Balance Sheet, Profit and Loss Account, Distributable Profit, and related indicators, are published herewith in accordance with Nepal Financial Reporting Standards (NFRS).
b) Major Financial Ratios:
Earnings Per Share (Annualized) (8.01) Price Earnings Ratio (62.03) Net Worth Per Share 164.40 Total Asset Value Per Share 1,550 Liquidity Ratio 7.63
2. Management Analysis :
a) Details regarding major causes of changes in the institution's balance, income, and liquidity during the quarterly period: In the first quarter of the current fiscal year, loan investment and deposit mobilization increased, expanding the total assets and business size. Liquidity position appears comparatively satisfactory due to growth in deposit collection. However, contraction in interest income and increase in loan loss provision during the review period led to a net loss. Due to the implementation of capital management plan, strategy, and reformative measures, the institution's capital currently remains within regulatory standards. The financial institution continues its reform actions to strengthen financial condition, reduce NPLs, expand income sources, and maintain long-term financial stability.
b) Management's analytical statement regarding future business plans: As of the end of the first quarter of the current fiscal year, the institution has been providing quality microfinance services to 3,16,586 deprived and targeted client members through 221 branch offices. In the coming period, the institution prioritizes enhancing loan quality, expanding effective business in productive and safe sectors, and conducting special recovery campaigns to reduce NPLs. Furthermore, management plans to achieve targets per the current fiscal year's business plan by providing continuous training to increase employee capacity and efficiency, streamlining monitoring and inspection systems to be results-oriented, maintaining frugality in operational expenses, and strengthening risk management to drive the institution toward sustainable and profitable growth.
c) Analytical statement regarding events that could impact the institution's balance, profit, or cash flow based on past experience: Unhealthy competition in the microfinance sector reduced loan utilization, affecting company operations, loan investment, recovery, balance, and profits. Nevertheless, management is fully committed to improving loan quality, minimizing credit risk, executing recovery campaigns for NPLs, prioritizing corporate governance, and maintaining a balanced, satisfactory financial position, income, liquidity, and cash flow in coming days.
3. Details Regarding Legal Actions :
a) During this quarterly period, the institution has not filed any lawsuit against anyone, nor has it received information regarding any lawsuit filed against it.
b) No information has been received regarding any lawsuit filed against promoters or directors for violation of prevailing laws or criminal offenses.
c) No information has been received regarding any lawsuit filed against promoters or directors for financial crimes.
4. Analysis of Share Trading and Performance :
a) Share trading in the secondary market is listed on Nepal Stock Exchange Limited and shows satisfactory trading.
b) Share trading of this financial institution during this quarterly period is as follows:
Maximum Price 553
Minimum Price 477
Closing Price 497
Total Trading Days 61
Traded Share Quantity 3,69,921
5. Problems and Challenges :
Excessive debt burden in the microfinance sector, unhealthy competition, misleading activities against microfinance institutions, and borrowers' tendency not to repay loans represent key external challenges. Similarly, controlling non-performing loans and reducing the burden of loan loss provisioning stand as major internal challenges. To effectively manage these challenges, the institution prioritizes ensuring proper loan utilization, strengthening regular monitoring and recovery processes, intensifying special recovery drives, and expanding loan investments in safe, productive sectors. Additionally, continuous efforts are underway to enhance financial stability and ensure sustainable, effective, and satisfactory overall operations.
6. Corporate Governance :
Since corporate governance forms the cornerstone of organizational development and business growth, the institution complies with corporate governance directives issued by Nepal Rastra Bank, as well as applicable laws including the Companies Act 2063, Banks and Financial Institutions Act 2063, Nepal Rastra Bank Act 2058, Securities Act 2063, and Income Tax Act 2058. Internal control systems are structured through directives, policies, guidelines, and procedures. Moreover, internal audits, external audits, and periodic supervision recommendations from Nepal Rastra Bank are fully observed, with active board committees working to strengthen corporate governance.
7. CEO's Declaration on Accuracy :
I personally take responsibility for the accuracy of the information and details mentioned in this report up to this date. Furthermore, I declare that to the best of my knowledge and belief, the details in this report are true, factual, and complete, and no details, information, or data necessary for investors to make informed decisions have been concealed.