सालपा विकास बैंकको चौथो त्रैमासिक वित्तीय विवरणSalapa Bikas Bank: Q4 Unaudited Financial Results

Unaudited Financial Results (Quarterly)

As on Ashad 32 2080

Condensed Consolidated Statement of Financial Position

As On Quarter End 32 Ashad 2080

Amount (NPR)

Particulars This Quarter Ending Immediate Previous Year Ending
Assets
Cash and cash equivalents	360,676,420	276,118,292
Due from Nepal Rastra Bank	126,694,211	56,000,000
Placement with Bank and Financial Institutions	-	-
Derivative Financial Instruments	-	-
Other Trading Assets	-	-
Loans and advances to B/FIs	-	-
Loans and advances to customers	1,154,621,993	1,074,611,148
Investment securities	476,873,309	309,319,895
Current tax assets	-	369,401
Investment in subsidiaries	-	-
Investment in associates	-	-
Investment property	8,374,421	4,594,421
Property and Equipment	21,996,180	26,564,499
Goodwill and Intangible assets	1,748,157	2,347,908
Deferred Tax Assets	5,176,226	4,313,809
Other assets	30,361,646	24,271,390
Total Assets	2,186,522,563	1,778,510,764
Liabilities
Due to Bank and Financial Institutions	61,710,880	45,208,840
Due to Nepal Ratsra Bank	-	-
Derivative Financial Instrument	-	-
Deposits from customers	1,559,374,282	1,336,464,440
Borrowings	-	-
Current Tax Liabilities	64,495	-
Provisions	-	-
Deferred Tax Liabilities	-	-
Other liabilities	24,591,091	30,993,255
Debt securities issued	-	-
Subordinated Liabilities	-	-
Total liabilities	1,645,740,749	1,412,666,535
Equity
Share Capital	522,388,000	350,000,000
Share Premium	-	-
Retained Earnings	(10,561,715.57)	(10,114,127.66)
Reserves	28,955,530	25,958,356
Total equity attributable to equity holders	540,781,814	365,844,229
Non-controlling interest	-	-
Total Equity	540,781,814	365,844,229
Total Liabilities and Equity	2,186,522,563	1,778,510,764
Net Assets Value Per Share	103.52	104.53

Statement of Distributable Profit or Loss

For The Quarter End 32 Ashad 2080

(As per NRB Regulation)

Particulars Current Year Upto this Quarter (YTD) Previous Year Corresponding Quarter YTD

Net Profit/(loss) as per Statement of Profit or Loss 7,609,906 5,280,992

Appropriation (4,926,307) -

a. General Reserve	(536,720)	(1,056,198)
b. Foreign Exchange Fluctuation fund	-	-
c. Capital redemption reserve	-	-
d. Corporate social responsibility fund	(26,836)	(52,810)
e. Employees training fund	(356,934)	(283,279)
f. Other	-	-
Profit/(loss) before regulatory adjustment	1,763,110	3,888,705
Regulatory Adjustments:
a. Interest Receivable (-)/previous accrued interest received(+)	268,934	35,639
b. Short loan loss provision in accounts(-)/reversal(+)	-	-
c. Short provision for possible losses on investment(-)/reversal(+)	-	-
d. Short provision for possible losses on Non -Banking Assets (-)/reversal(+)	(1,881,306)	(2,286,644)
e. Deferred Tax Assets recognized(-)/reversal(+)	(361,511)	2,334,735
f. Goodwill recognized (-)/Impairment of Goodwill(+)	-	-
g. Bargain purchase gain recognized (-)/reversal(+)	-	-
h. Actuarial Loss recognized (-)/reversal(+)	(236,814)	1,898,208
i. Other (+/-)	-	-
Total regulatory adjustments	(2,210,697)	1,981,938
Net Profit for the Year End 2080	(447,587)	5,870,643
Opening Retained Earning	(10,114,128)	(16,220,489)
Adjustment (+/-)	-	235,717
Distribution
Bonus Share Issued	-	-
Cash Dividend Issued	-	-
Total Distributable Profit or (Loss) as on End Date	(10,561,715)	(10,349,846)
Annualised Distributable Profit/Loss per Share	(2.02)	(2.89)

Notes to Interim Financial Statement:

1. The above financial statement has been prepared in accordance with Nepal Financial Reporting Standards (NFRS) in line with NRB Directives. In compliance with NRB's ECL Guidelines, Bank has de-recognized interest income on loans and advances classified as Lifetime ECL under Stage-3. Bank has considered the impairment on credit exposures as the higher of total ECL provision as per NFRS 9 and existing regulatory provision in Unified Directives. Separate reporting of ECL shall be done to NRB by Bank.

2. Loans and advances include interest receivable of loans and are presented net of loan impairments.

3. Above figures are subject to change if directed by regulator or external audit.

4. Whatever necessary, figures have been regrouped and rearranged.

5. The interim unaudited financial statement has been updated in Bank's website https://www.salapabikasbank.com.np

Condensed Statement of Profit and Loss

For The Quarter End 32 Ashad 2080

Amount (NPR)

Particulars Current Year	This Quarter Current Year Upto	This Quarter(YTD) Previous Year Corresponding	This Quarter Previous Year Corresponding Upto	This Quarter(YTD)
Interest income	26,705,728.08	139,536,921.79	43,219,488.93	145,491,831.89
Interest expense	19,019,175.94	76,100,611.36	21,348,113.12	71,405,234.79
Net interest income	7,686,552.14	63,436,310.43	21,871,375.81	74,086,597.10
Fees and commission income	8,879,394.88	10,844,071.80	6,060,875.54	7,941,516.13
Fees and commission expense	-	-	-	-
Net fee and commission income	8,879,394.88	10,844,071.80	6,060,875.54	7,941,516.13
Net interest and commission income	16,565,947.02	74,280,382.23	27,932,251.35	82,028,113.23

Additional Disclosure as per Securities Registration and Issue regulation, 2073 (Rule 26(1), Annexure 14)

4th Quarter Report Fiscal Year 2079/080

1. Financial Statement

a) Statement of Financial Position and Statement of Profit and Loss as per Nepal