सप्तकोशी डेभलपमेन्ट बैंकको वित्तीय विवरण प्रकाशितSaptakoshi Development Bank Financial Statements

Saptakoshi Development Bank Limited

Condensed Statement of Financial Position

As on Quarter ended Asoj 31, 2083

Bank

Assets	This Quarter Ending	Immediate Previous Year Ending
Cash and cash equivalent	648,532,131.24	749,070,694.00
Due from Nepal Rastra Bank	789,262,760.32	776,028,039.00
Placement with Bank and Financial Institutions	-	-
Derivative financial instruments	-	-
Other trading assets	-	-
Loan and advances to B/FIs	127,465,082.44	238,475,503.00
Loans and advances to customers	5,670,377,443.01	5,537,799,562.00
Investment securities	2,116,537,324.34	2,115,649,254.00
Current tax assets	45,197,359.22	46,966,241.00
Investment in subsidiaries	-	-
Investment in associates	-	-
Investment property	281,847,316.80	276,716,816.00
Property and equipment	101,954,326.42	102,588,680.00
Goodwill and intangible assets	2,050,578.92	1,500,015.71
Deferred tax assets	82,375,835.71	82,524,941.20
Other assets	216,199,195.40	181,790,355.23
Total Assets	10,081,799,353.82	10,109,110,101.32
Liabilities
Due to bank and financial institutions	122,236,228.56	2,250,562,872.18
Due to Nepal Rastra Bank	-	-
Derivative financial instruments	-	-
Deposits from customers	8,867,690,637.16	6,767,311,274.25
Borrowing	-	-
Current tax liabilities	-	-
Provisions	-	-
Deferred tax liabilities	-	-
Other liabilities	372,139,518.93	376,211,204.68
Debt securities issued	-	-
Subordinated Liabilities	-	-
Total liabilities	9,362,066,384.65	9,394,085,351.11
Equity
Share capital	834,338,431.68	834,338,432.00
Share premium	-	-
Retained earnings	(515,311,559.33)	(507,682,059.00)

Statement of Comprehensive Income

Particulars

Profit or Loss for the period

Other comprehensive income

(a) Items that will not be reclassified to profit or loss

-Gains/ (losses) from investment in equity instruments measured at fair value

-Gains/ (losses) on revaluation

-Actuarial gain/ loss on defined benefit plans

-Income tax relating to above items

Net other comprehensive income that will not be reclassified to profit or loss

(b) Items that are or may be reclassified to profit or loss

-Gains/ (losses) on cash flow hedge

-Exchange gains/ (losses) arising from translating financial assets of foreign

-Income tax relating to above items

Net other comprehensive income that are or may be reclassified to profit or

Other comprehensive income for the period, net of income tax

Total comprehensive income for the period

Profit attributable to:

Equity holders of the Bank

Non-controlling interest

Total

Earnings per share

Basic earnings per share

Annualized basic earnings per share

Diluted earnings per share

Ratios as per NRB Directive

Particulars

Capital fund to RWA

Tier 1 Capital to RWA

Return on Equity (Annualised)

Return on Assets (Annualised)

Non-performing loan (NPL) to total loan

Net Non-performing loan to Total loan (Net NPL)

Total loan loss provision to total NPL

Saptakoshi Development Bank Limited

Condensed Statement of Cash Flows

for the period Shrawan 01, 2083 to Asoj 31, 2083

Bank

Particulars Upto This Quarter Corresponding Previous Year Up to this Quarter

CASH FLOWS FROM OPERATING ACTIVITIES

Interest received	117,642,964	542,188,804
Fees and other income received	12,844,195	43,114,543
Dividend received	-	-
Receipts from other operating activities	177,286	366,175
Interest paid	(80,940,501)	(317,516,836)
Commission and fees paid	-	-
Cash payment to employees	(36,783,595)	(141,209,477)
Other expenses paid	(20,346,596)	(79,134,736)
Operating cash flows before changes in operating assets and liabilities	(7,406,247)	47,808,473
(Increase)/ Decrease in operating assets	(50,372,118)	(674,145,396)
Due from Nepal Rastra Bank	(13,234,721)	(424,291,148)
Placement with bank and financial institutions	-	-
Other trading assets	-	-
Loan and advances to bank and financial institutions	111,010,421	205,049,365
Loans and advances to customers	(128,746,223)	(457,409,329)
Other assets	(19,401,594)	2,505,716
Increase/ (Decrease) in operating liabilities	(32,720,399)	1,451,588,598
Due to bank and financial institutions	(2,128,326,644)	(1,204,353)
Due to Nepal Rastra Bank	-	-
Deposit from customers	2,100,379,363	1,430,261,191
Borrowing	-	-
Other liabilities	(4,773,119)	22,531,760
Net Cash flow from operating activities before tax paid	(90,498,764)	825,251,675
Income taxes paid	(99,823)	(22,179,378)
Net cash flow from operating activities	(90,598,586)	803,072,297

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of investment securities	(11,640,645)	-
Receipts from sale of investment securities	-	(1,454,532,513)
Purchase of property and equipment	(2,103,736)	(4,902,360)
Receipt from the sale of property and equipment	32,592	1,175,355
Purchase of intangible assets	(550,563)	(282,500)
Receipt from the sale of intangible assets	-	-
Purchase of investment properties	-	-
Receipt from the sale of investment properties	4,064,980	5,599,174
Interest received	-	-
Dividend received	257,398	878,058
Others (Merger)	-	-
Net cash used in investing activities	(9,939,974)	(1,452,064,786)

CASH FLOWS FROM FINANCING ACTIVITIES

Receipt from issue of debt securities	-	-
Repayment of debt securities	-	-
Receipt from issue of subordinated liabilities	-	-
Repayment of subordinated liabilities	-	-
Receipt from issue of shares	-	-
Dividends paid	-	-
Interest paid	-	-
Other receipt/payment	-	-
Net cash from financing activities	-	-
Net increase/ (decrease) in cash and cash equivalents	(100,538,561)	(648,992,489)
Cash and cash equivalents as on Shrawan	01,	2083	749,070,694	1,398,063,181
Effect of exchange rate fluctuations on cash and cash equivalents held	-	-
Cash and cash equivalents as at Asoj	31,	2083	648,532,131	749,070,694

Bank

Current Year Previous Year

This Quarter Up to This Quarter (YTD) This Quarter Up to This Quarter (YTD)

4,360,311 4,360,311 (1,215,049) (1,215,049)

497,015 497,015 (2,391,658) (2,391,658)

- - - -

- - - -

(149,105) (149,105) 717,497 717,497

347,911 347,911 (1,674,161) (1,674,161)

- - - -

- - - -

- - - -

347,911 347,911 (1,674,161) (1,674,161)

4,708,221 4,708,221 (2,889,210) (2,889,210)

4,708,221 4,708,221 (2,889,210) (2,889,210)

4,708,221 4,708,221 (2,889,210) (2,889,210)

0.52 (0.15)

2.09 (0.58)

2.09 (0.58)

Current Year Up to This Quarter (YTD) Previous Year Corresponding Up to This Quarter (YTD)

11.33% 9.78%

8.24% 5.70%

2.09% -0.81%

0.17% -0.06%

8.60% 11.50%

3.14% 4.68%

79.67% 87.47%

Reserves	400,706,096.49	388,368,377.21
Total equity attributable to equity holders	719,732,968.84	715,024,750.21
Non-controlling interest -
Total equity	719,732,968.84	715,024,750.21
Total liabilities and equity	10,081,799,353.82	10,109,110,101.32

Saptakoshi Development Bank Limited

Condensed Statement of Profit or Loss

For the Quarter ended Asoj 31, 2083

Bank

Current Year

Up to This Quarter (YTD)

Previous Year Corresponding

This Quarter

Up to This Quarter (YTD)

Particulars	This Quarter Up to	This Quarter (YTD)	This Quarter Up to	This Quarter (YTD)
Interest income	134,467,904	134,467,904	143,466,185	143,466,185
Interest expense	80,949,821	80,949,821	78,461,622	78,461,622
Net interest income	53,518,083	53,518,083	65,004,564	65,004,564
Fee and commission income	13,282,359	13,282,359	9,319,821	9,319,821
Fee and commission expense	-	-	-	-
Net fee and commission income	13,282,359	13,282,359	9,319,821	9,319,821
Net interest, fee and commission income	66,800,443	66,800,443	74,324,385	74,324,385
Net trading income	-	-	-	-
Other operating income	434,684	434,684	785,194	785,194
Total operating income	67,235,126	67,235,126	75,109,579	75,109,579
Impairment charge/(reversal) for loans and other losses	478,310	478,310	(5,051,856)	(5,051,856)
Net operating income	66,756,817	66,756,817	80,161,435	80,161,435
Operating expense
Personnel expenses	37,475,708	37,475,708	31,410,503	31,410,503
Other operating expenses	20,346,596	20,346,596	46,979,942	46,979,942
Depreciation and amortization	2,738,090	2,738,090	3,030,140	3,030,140
Operating Profit	6,196,423	6,196,423	(1,259,150)	(1,259,150)
Non operating income	32,592	32,592	44,101	44,101
Non operating expense	-	-	-	-
Profit before income tax	6,229,015	6,229,015	(1,215,049)	(1,215,049)
Income tax expense
Current Tax	1,868,705	1,868,705	-	-
Deferred Tax	-	-	-	-
Profit for the period	4,360,311	4,360,311	(1,215,049)	(1,215,049)

Cost of funds

Credit to deposit ratio

Base rate

Interest rate spread

Notes:

1. Above unaudited Financial Statements are prepared in accordance with the
2. These figures may vary with the audited figures at the instance of statutory
3. Loans and advances are presented net of impairment charges.
4. Figures have been regrouped and rearranged wherever necessary.
5. NFRS adjustments which are subject to regulatory adjustments as per NRB

Saptakoshi Development Bank Limited

Condensed Statement of Changes in Equity

for the period Shrawan	01,	2083	31,	2083
Particulars Share capital Share premium
Balance at Shrawan	01,	2082	834,338,432	-
Profit for the period	-	-
Other comprehensive income	-	-
Total comprehensive income	-	-
Transfer to reserve during the year	-	-
Transfer from reserve during the year	-	-

Contributions from and distributions to owners

Share issued	-	-
Share based payments	-	-
Dividends to equity holders	-	-
Bonus shares issued	-	-
Cash dividend paid	-	-
Others	-	-
Total contributions by and distributions	-	-

Balance at Ashad end 2083 834,338,432 -

Balance at Shrawan	01,	2082	834,338,432	-
Profit for the period	-	-
Other comprehensive income	-	-
Total comprehensive income	-	-
Transfer to reserve during the year	-	-
Transfer from reserve during the year	-	-

Contributions from and distributions to owners

Share issued	-	-
Share based payments	-	-
Dividends to equity holders	-	-
Bonus shares issued	-	-
Cash dividend paid	-	-
Other	-	-
Total contributions by and distributions	-	-

Balance at Asoj end 2083 834,338,432 -

Saptakoshi Development Bank Limited

Statement of Distributable Profit or Loss

For the period ended Asoj 31, 2083

Particulars	Current Period (Upto this qtr	YTD)	Previous Period (Upto this qtr	YTD)
Net profit for the period ended Asoj	31,	2083	4,360,311	141,403,630
Appropriations
a. General reserve	(872,062)	(28,280,726)
b. Capital redemption reserve	-	-
c. Exchange fluctuation fund	-	-
d. Corporate social responsibility fund	(43,603)	(1,403,416)
e. Employees' training fund	-	(1,328,426)
f. Other	-	-
Profit or loss before regulatory adjustment	3,444,645	110,391,062
Regulatory Adjustment
a. Interest receivable (-)/previous accrued interest received (+)	(6,609,608)	9,630,173
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 (-)/reversal (+)	(4,464,537)	(48,319,814)
e. Deferred tax assets recognised (-)/ reversal (+)	-	44,248,219
f. Goodwill recognised (-)/ impairment of Goodwill (+)	-	-
g. Bargain purchase gain recognised (-)/resersal (+)	-	-
h. Actuarial loss recognised (-)/reversal (+)	-	464,678
i. Other (+/-)	-	-

- Gains/(losses) from investments in equity instruments - -

Net Profit for the Year Available for Distribution	(7,629,501)	116,414,318
Opening Balance of Retained Earning	(507,682,059)	(624,096,377)
Adjustment: (+/-)	-	-
Distribution:
Bonus Shares Issued	-	-
Cash Dividend Paid	-	-
Distributable Profit or (Loss)	(515,311,560)	(507,682,059)
Annualized Distributable Profit/Loss Per Share	-	-