Vijaya Laghubitta Bittiya Sanstha Ltd.
Unaudited Interim Financial Statements
As on Quarter ended 32nd Ashad 2083
Condensed Statement of Financial Position
as on 32nd Ashad 2083
Assets This Quarter Ending Immediate Previous Year Ending
| Cash and cash equivalents | 915,422,080.00 | 551,007,967.60 |
| Statutory Balance and due from Nepal Rastra Bank | 151,000.00 | 47,841,458.37 |
| Placement with Bank and Financial Institutions | - | - |
| Derivative Financial Instruments | - | - |
| Other Trading Assets | - | - |
| Loans and advances to MFISs & Cooperatives | - | - |
| Loans and advances to customers | 10,236,560,160.00 | 9,723,268,133.91 |
| Investment securities | 10,000.00 | 10,000.00 |
| Current tax assets | 32,379,990.00 | 23,471,091.51 |
| Investment property | - | - |
| Property and Equipment | 94,983,643.01 | 101,053,509.00 |
| Goodwill and Intangible assets | 6,007,080.00 | 1,338,041.40 |
| Deferred Tax Assets | 57,612,900.00 | 47,612,903.98 |
| Other assets | 429,921,140.00 | 19,727,230.00 |
| Total Assets | 11,773,047,993.01 | 10,515,330,335.77 |
| Liabilities | ||
| Due to Bank and Financial Institutions | 7,141,738,760.00 | 7,055,885,876.95 |
| Due to Nepal Rastra Bank | - | - |
| Derivative Financial Instrument | - | - |
| Deposits from customers | 2,331,708,370.00 | 2,078,165,520.82 |
| Borrowings | - | - |
| Current Tax Liabilities | 87,836,256.97 | - |
| Provisions | - | - |
| Deferred Tax Liabilities | - | - |
| Other liabilities | 835,588,856.60 | 250,100,526.00 |
| Debt securities issued | - | - |
| Subordinated Liabilities | - | - |
| Total Liabilities | 10,396,872,243.56 | 9,384,151,923.77 |
| Equity | ||
| Share Capital | 791,722,059.00 | 745,040,359.00 |
| Share Premium | - | - |
| Retained Earnings | 35,764,841.52 | (41,599,636.00) |
| Reserves | 548,688,848.93 | 427,737,689.00 |
| Total Equity | 1,376,175,749.45 | 1,131,178,412.00 |
| Total Liabilities and Equity | 11,773,047,993.01 | 10,515,330,335.77 |
Condensed Statement of Profit or Loss
for the quarter end 32nd Ashad 2083
| Particulars Current Year This Quarter Current Year Upto this Quarter (YTD) Previous Year Corresponding This Quarter Previous Year Corresponding Upto this Quarter | ||||
| Interest income | 572,290,346.82 | 1,348,655,386.97 | 359,968,660.20 | 1,347,136,625.00 |
| Interest expense | 150,510,493.92 | 606,204,001.10 | 152,946,824.79 | 699,965,453.00 |
| Net interest income | 421,779,852.90 | 742,451,385.87 | 207,021,835.41 | 647,171,172.00 |
| Fees and commission income | 21,629,335.91 | 77,309,139.78 | 23,646,157.59 | 72,741,176.00 |
| Fees and commission expense | 129,890.20 | 511,178.18 | 183,525.96 | 4,611,683.00 |
| Net fee and commission income | 21,499,445.71 | 76,797,961.60 | 23,462,631.63 | 68,129,493.00 |
| Net interest, fee and commission income | 443,279,298.61 | 819,249,347.47 | 230,484,467.04 | 715,300,665.00 |
| Net trading income | - | - | - | - |
| Other operating income | 39,791.28 | 551,186.88 | 5,686,903.00 | 5,686,903.00 |
| Total operating income | 443,319,089.89 | 819,800,534.35 | 236,171,370.04 | 720,987,568.00 |
| Impairment charge/(reversal) for loans and other losses | (55,996,726.57) | 15,238,770.00 | 254,229,946.45 | 294,636,657.00 |
| Net operating income | 499,315,816.46 | 804,561,764.35 | (18,058,576.41) | 426,350,911.00 |
| Operating expense | 151,067,434.49 | 475,936,286.13 | 96,685,239.42 | 422,868,478.00 |
| Personnel expenses | 104,647,487.85 | 331,496,894.59 | 58,000,193.25 | 296,244,052.00 |
| Other Operating expenses | 43,037,440.64 | 137,185,840.00 | 13,525,638.33 | 98,281,001.00 |
| Depreciation and Amortisation | 3,382,506.00 | 7,253,551.54 | 25,159,407.84 | 28,343,425.00 |
| Operating Profit | 348,248,381.97 | 328,625,478.22 | (114,743,815.83) | 3,482,433.00 |
| Non operating Income | - | - | 4,843,557.83 | 5,412,944.00 |
| Non operating expense | 52,382,073.30 | 54,629,662.92 | 3,738,235.00 | 3,738,235.00 |
| Profit before income tax | 295,866,308.67 | 273,995,815.30 | (113,638,493.00) | 5,157,142.00 |
| Income tax expense | 72,910,598.17 | 77,836,256.97 | (35,583,848.88) | 5,143,721.00 |
| Current tax | 82,910,598.17 | 87,836,256.97 | (11,214,720.88) | 29,512,849.00 |
| Deferred Tax | (10,000,000.00) | (10,000,000.00) | 24,369,128.00 | 24,369,128.00 |
| Profit for the period | 222,955,710.51 | 196,159,558.34 | (78,054,644.12) | 13,421.00 |
| Condensed Statement of Comprehensive Income | ||||
| Particulars This Quarter Upto this Quarter This Quarter Upto this Quarter | ||||
| Profit for the period | 222,955,710.51 | 196,159,558.34 | (78,054,644.12) | 13,421.00 |
| Other Comprehensive Income | - | - | - | - |
| Total Comprehensive Income | 222,955,710.51 | 196,159,558.34 | (78,054,644.12) | 13,421.00 |
| Basic Earning Per Share | 28.16 | 24.78 | (13.97) | 0.00 |
| Diluted Earning per Share | 28.16 | 24.78 | (13.97) | 0.00 |
Ratios as per NRB Directive
Particulars Current Year This Quarter Current Year Upto this Quarter Previous Year Corresponding This Quarter Previous Year Corresponding Upto this Quarter
Capital Fund to RWA -0.61% 8.89% -1.42% 8.16%
Non Performing Loan (NPL) to total Loan -1.58% 17.37% 8.51% 18.04%
Total loan loss provision to Total NPL 5.85% 28.89% -2.99% 32.04%
Cost of funds -0.18% 6.30% -0.55% 7.34%
Credit to Deposits and Borrowing Ratio 3.16% 108.06% 3.75% 109.48%
Base rate -0.23% 11.15% -0.64% 12.18%
Interest Rate Spread 2.32% 6.06% 0.52% 7.63%
Statement of Distributable Profit or Loss
Net Profit for the period end 32 Ashad 2083 196,159,558.34
1.1 Profit required to be appropriated to: (45,116,698.42)
a. General Reserve (39,231,911.67)
b. Capital redemption reserve -
c. Exchange Fluctuation reserve -
d. CSR Fund (1,961,595.58)
e. Employees training fund -
f. Client protection fund (3,923,191.17)
g. Other -
1.2 Profit required to be transferred to Regulatory Reserve: (73,678,379.51)
a. Transferred to Regulatory Reserve (63,678,379.51)
b. Transferred from Regulatory Reserve -
c. Deferred Tax Assets recognized (-)/(+) (10,000,000.00)
| Net Profit for the period end | 32 | 2083 | 77,364,480.40 |
| Opening retained earning as on 1st Shrawan | 2082 | (41,599,635.41) |
Adjustment (+/-) -
Bonus Share Issued -
Cash Dividend paid -
Total Distributable profit of (loss) as per quarter ended 32 Ashad 2083 35,764,845.00
Annualised Distributable profit / loss per share 4.52
Notes :
1. Above financial statements are prepared in accordance with Nepal Financial Reporting Standards (NFRS).
2. Loan and advances are stated at net of impairment charge.
3. Above figures may vary upon otherwise direction made by Statutory auditor and Regulators.
4. Figures has been regrouped/rearranged/restated wherever necessary.
5. The interim financial statements has been uploaded in the website www.vlbs.com.np
Interest Rate
1. Deposit : 7.5% - 10.5 % 2. Loan and Advance : 14.10% - 15%
धितोपत्र दर्ता तथा निष्काशन नियमावली, २०७३ को अनुसूची-१४ (नियम २६ को उपनियम (१) संग सम्बन्धित)
आ.व २०८२/८३ को चौथो त्रैमासिक प्रतिवेदन
१. वित्तीय विवरण
क. वासलात तथा नाफा/नोक्सान सम्बन्धी विवरण यसै साथ छ।
| ख. प्रमुख वित्तीय अनुपातहरु | ||
| प्रति शेयर आम्दानी (वार्षिक) रु. | २४.७८ | २६.२३ |
| प्रति शेयर नेटवर्थ रु. | १६९.६७ | ९.६६ |
प्रति शेयर कुल सम्पत्तिको मूल्य रु. १४८७.०२
२. व्यवस्थापकीय विश्लेषण
क. त्रैमासिक अवधिमा संस्थाको मौज्दात, आम्दानी र तरलता कुनै परिवर्तन भए सो को प्रमुख कारण सम्बन्धी विवरण: कारोबारको सामान्य वृद्धिले संस्थाको मौज्दात सम्बन्धी आम्दानी र तरलतामा सकारात्मक परिवर्तन देखिएको छ। लगानीमा रहेको कर्जाको समयमा किस्ताको साँवा तथा व्याज उठ्न नसकेको भएतापनि चालु वर्षमा उठ्नु पर्ने ब्याज गतवर्षको तुलनामा सामान्य परिवर्तन भई व्याज आम्दानीमा केहि वृद्धि भएको छ।
ख. आगामी अवधिको व्यावसायिक योजना सम्बन्धमा व्यवस्थापनको विश्लेषणात्मक विवरण: संस्थाले हाल कायम रहेका १३५ वटा शाखा कार्यालयहरुबाट गुणस्तरीय व्यवसाय विस्तार गर्ने, बक्यौता साँवा तथा ब्याज असुलीलाई प्राथमिकताका साथ अघि बढाई वित्तीय सुदृढता प्राप्त गर्ने योजना रहेको छ। प्रतिस्पर्धात्मक बजार र प्रतिकूल बाह्य वातावरणका बावजुद आगामी दिनमा समयानुकूल व्यावसायिक योजना र सो लाई हासिल गर्ने रणनीति तर्जमा गरी कार्यान्वयन गरिने छ। साथै, संस्थाको सेवालाई प्रविधि मैत्री बनाई सञ्चालन लागत घटाउने योजना रहेको छ।
ग. विगतको अनुभवबाट संगठित संस्थाको नाफा नगद प्रवाहमा तात्विक असर पार्न सक्ने अवस्था अघि भएमा सो सम्बन्धी विश्लेषणात्मक विवरण: लघुवित्त क्षेत्रमा असरभए सम्बन्धी प्रतिस्पर्धा, उत्पादनशील क्षेत्रको सीमितता, कार्य क्षेत्रमा तुलनात्मक रुपमा न्यून आर्थिक गतिविधि हुनु साथै ऋणको गुणस्तर कमजोर हुनु आदिले वित्तीय संस्थाको क्रियाकलापमा असर गर्न सक्ने सम्भावना रहेको छ। यस आ.व.बाट नयाँ लगानी गर्ने कर्जाको व्याजदर निर्धारणका लागि कायम आधारदरमा प्रिमियम थप गरी शेयर व्याजदर लागू गर्ने र हरेक त्रैमासमा रहने आधारदरको आधारमा परिवर्तनीय व्याजदर लागू गर्ने प्रावधानको सुरुवात भएकोले यसको सकारात्मक प्रभाव पर्ने देखिन्छ।
३. कानूनी कारवाही सम्बन्धी विवरण: गत त्रैमासमा संस्थाले शाखा बागेश्वरीका तत्कालिन शाखा प्रमुख विरुद्ध मुद्दा दायर भएकोमा सम्वन्धित अदालतबाट संस्थाको पक्षमा फैसला भएको छ।
४. संगठित संस्थाको शेयर कारोबार सम्बन्धी विश्लेषण
धितोपत्र बजारमा भएको संगठित संस्थाको शेयर कारोबार सम्बन्धमा व्यवस्थापनको धारणा: यस लघुवित्त वित्तीय संस्था लि. को शेयर कारोबार सम्बन्धमा खुला बजारको मूल्य र मान्यता अनुसार हुन गरेको छ।
त्रैमासिक अवधिमा शेयरको अधिकतम, न्यूनतम, अन्तिम मूल्य कारोबार दिन तथा कारोबार संख्या:
अधिकतम मूल्य न्यूनतम मूल्य अन्तिम मूल्य कारोबार दिन कारोबार संख्या कारोबार कित्ता संख्या
७९० ६४० ६५० ६४ ९,४७२ २,५६,८६३
५. संस्थागत सुशासन :
यस विजय लघुवित्त वित्तीय संस्था लि संस्थागत सुशासन परिपालनाका लागि सदैव प्रतिबद्ध रहेको छ। नेपाल राष्ट्र बैंकबाट जारी निर्देशनहरु र यस लघुवित्त वित्तीय संस्था लि. को संचालक समितिबाट पारित नीति नियमलाई संस्थाले पूर्णतगा गर्दे आएको छ।
