Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
2/28/2014
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N
Mahendranagar (1)
Dhangadi (1)
Tulsipur (1)
Nepalgunj (1)
Pokhara (2)
Baglung (1)
Beshisahar (1)
Gorkha (1)
Ghorahi (1)
Butwal (1)
Bhalwadi (1)
Bhairahawa (1)
Charikot (1)
Narayanghdh (1)
Kathmandu (17)
Lalitpur (3)
Dhulikhel (1)
Khandbari (1)
Bhaktapur (1)
Hetauda (1)
Dharan (1)
Birgunj (2)
Janakpur (1)
Itahari (1)
Biratnagar (1)
Birtamod (1)
Damak (1)
Chandragadi (1)
INSIDE
2 OPERATING &
FINANCIAL REVIEW
4 GOVERNANCE
22
35
28
36
1 OVERVIEW
Board Committees
Internal Controls
60
Employees
54
58
Corporate Sustainability
64
38
Chairmans Message
40
25
52
16
11
Macro-economic Outlook
14
18
Lending Products
Deposit Products
Card Products
44
46
47
Remittance Products
Bancassurance
49
49
50
50
6 SHAREHOLDERS
INFORMATION
Structure of Share Capital
177
Shareholders Profile
Stock symbol
177
176
178
5 FINANCIAL STATEMENTS
& OTHER INFORMATIONS
Statement of directors responsibility
70
74
75
180
179
7 NABIL INVESTMENT
BANKING LIMITED
71
Directors Report
181
184
AWARDS
205
OFFICE NETWORKS
206
186
CUSTOMER
FOCUSED
Nabil introduced the concept of customer care and
delight in the banking industry in Nepal 29 years ago.
This paradigm shift in banking helped customers to
ask the bank for a specific product of their need for
the fullest satisfaction. Nabil accordingly has been
availing the services to the best suit of customer need
which manifests our approach to keep our customer
at core of our activities in serving them.
01
OVERVIEW
ABOUT NABIL BANK
Nabils inception as the first foreign joint
venture bank in the year 1984 was one of
the important years in the history of
Nepalese banking. Founded with the
technical collaboration of then Dubai Bank
Ltd., along with the institutions like Nepal
Industrial Development Bank, Rastriya
Beema Sansthan, and Nepal Stock Exchange
it soon became a great icon for customer
service in the Nepalese financial industry.
Even then when the modern banking was
way too far for general public and technology
was just budding, the then Board of Nabil
and its management team contemplated
about computerizing its operations from
initial days. Reduced transaction time at the
counter and prompt delivery of customer
account statements were the main thrust for
the then Nabil team. Today, this noble
thought has become one of the strong
foundations to grow its business in manifold.
Today it has expanded its service networks to
48 branches, 2 extension counters and 81
ATMs, 1050 rented and owned POS
machines at merchant outlets, 1237
Western Union and 1263 Nabil Remit
agents and various arrangements for using
delivery points of other banks and financial
institutions through Mechi to Mahakali to
deliver services efficiently to its customers.
There are number of customized products
and various units designed to cater diverse
needs of corporate houses and individuals.
Corporate Banking, SME and Micro
Financing, Project and Infrastructure
Financing, Personal Lending and Cards are
there for catering credit needs;
YEAR
BRANCHES
CUMULATIVE NUMBER
1
2
3
4
5
6
7
8
7
8
9
10
11
1984/85
1985/86
1987/88
1988/89
1991/92
1992/93
1995/96
1996/97
2000/01
2001/02
2003/04
2004/05
2007/08
12
13
14
2008/09
2009/10
2010/11
15
2011/12
*Tripureshwor, Kantipath
Jorpati, New Road
**Power House Chowk
Birgunj
Biratnagar
Lalitpur
Butwal
Bhalwadi, Pokhara
Itahari
Bhairahawa, Lakeside Pokhara, Nepalgunj
Dharan
Maharajgunj
Baglung, Dhangadhi, Mahendranagar, Damak,
Narayangadh, Ghorahi, Tulshipur, Birtamod, Hetauda
New Baneshwar, Halchowk, Thamel, Kaushaltar
Chabahil, Maitidevi, Satdobato, Balaju, Kuleshwar, Khandbari, Charikot
Dhulikhel, Gorkha, Besisahar, Chandragadhi, Teendhara,
Dhapashi, Anamnagar, Sinamangal, Gwarko, Attarkhel
Janakpur
* The branch currently located at Tripureshwor was initially established at Durbar Marg which was subsequently relocated at Kamaladi
and thereafter to World Trade Centre premises at Tripureswor on 27th May 2007.
** The branch currently at Power House Chowk was initially established at Sugauli which was relocated to Birgunj dry port
on 21st March 2001 and thereafter to Power House Chowk, Birgunj on 3rd July 2006.
2
4
5
6
7
8
9
11
12
15
16
17
26
30
37
47
48
01
VISION, MISSION
AND VALUE STATEMENT
VISION STATEMENT
MISSION STATEMENT
VALUES STATEMENT
01
FINANCIAL HIGHLIGHTS
NRs. in Billion
NRs. in Billion
4.61
TOTAL DEPOSIT
2.22
NRs. in Billion
55.02
3.99
1.70
3.05
1.34
2.76
2.22
08/09
1.03
09/10
10/11
46.41
11/12
12/13
08/09
37.35
09/10
10/11
11/12
SHAREHOLDER'S FUND
NRs. in Billion
NRs. in Billion
47.65
12/13
2009
2010
2011 2012
As of Mid - July
Growth Rate of 2012/13: 16%
CAGR (last 5 years): 15%
NRs. in Billion
73.24
63.20
5.45
39.91
33.03
2013
TOTAL ASSETS
6.69
42.87
58.14
52.15
4.57
28.00
49.70
1.14
63.61
44.87
3.83
3.13
2009
2010
2011 2012
As of Mid - July
Growth Rate of 2012/13: 11%
CAGR (last 5 years): 17%
2013
2009
2010
2011 2012
As of Mid - July
Growth Rate of 2012/13: 13.23%
CAGR (last 5 years): 22%
2013
2009
2010
2011 2012
As of Mid - July
Growth Rate of 2012/13: 16%
CAGR (last 5 years): 15%
2013
RETURN ON EQUITY
in Percentage
in Percentage
2.80
2.55
2.38
3.25
32.78
33.93
2.43
30.27
30.25
29.02
08/09
09/10
10/11
11/12
12/13
08/09
09/10
10/11
11/12
78.29
in Percentage
77.91
74.90
73.87
11.01
10.70
09/10
10/11
11/12
12/13
in Percentage
1.77
2.33
08/09
1.48
2009
0.19
2010
2011
As of Mid - July
0.38
2012
83.81
70.67
83.57
60.00
2009
2010
2011
As of Mid - July
MARKET CAPITALIZATION
in NRs.
Nrs. in Billion
2012
35.15
2,384
2010
65.00
2013
31.84*
28.62
1,252
2009
95.14
30.00
4,899
12/13
70.00
0.45
2013
11/12
113.44
0.80
0.35
10/11
in Percentage
85.00
0.50
09/10
11.59
10.58
10.50
71.17
08/09
12/13
2011
As of Mid - July
1,355
2012
1,815
2013
20.21
2009
2010
2011
As of Mid - July
23.67*
2012
2013
*For Mid July 2012 and 2013, the market capitalization is computed taking into
account the share prices of promoters shares and ordinary shares.
RESULT
ORIENTED
The action and activities should bear the sweet fruit
and Nabil architects business ideas, designs products
and serve the customer keeping the end result always
in mind. All its actions and services are intended to
yield desired results.
10
11
01
CHAIRMANS MESSAGE
I am very pleased to announce that the year 2012-13 remained satisfactory for all of us.
We have been
able to maintain
the growth rate
at the level we
have achieved so
far over the last
5
years
12
13
01
Achievements
in the year
2012/13 are
testimony of
this fact that
helped in
providing
highest return
to the
shareholders
in banking
industry.
Shambhu Prasad Poudyal
Senior Director
14
01
THE
BOARD
OF
DIRECTORS
MR. SHAMBHU
PRASHAD POUDYAL
MR. DAYARAM
GOPAL AGRAWAL
REPRESENTS
GROUP A SHAREHOLDERS
REPRESENTS
GROUP C SHAREHOLDERS
REPRESENTS
GROUP A SHAREHOLDERS
Board Member
Board Member
19992002 as representative of
Nepal Rastra Bank. He was
15
MR. KRISHNA
PRASHAD ACHARYA
Board Member
REPRESENTS
GROUP B SHAREHOLDERS
REPRESENTS
GROUP A SHAREHOLDERS
REPRESENTS
GROUP A SHAREHOLDERS
REPRESENTS
GROUP C SHAREHOLDERS
Board Member
Board Member
Board Member
20082009. He is a Chartered
Accountant qualified from the
Institute of Chartered
16
01
CEO'S MESSAGE
I am pleased with the results Nabil has achieved in the financial year 2012-13.
These
combined
efforts
helped the
Bank to post
net profit
growth of
31
Anil Gyawali
17
01
MACRO-ECONOMIC OUTLOOK
DOMESTIC OUTLOOK
Nepal is on the cusp of changeover. It's political system is
to be defined through a new constitution for which
19
20
INTERNATIONAL OUTLOOK
The global economy is gradually faring well. The United
INNOVATIVE
With the passage of time every aspect undergoes through change. To live up to
the customer delight, Nabil keeps its process and techniques innovating that
serve customer the best. Use of technology gives better mileage to an innovation
and Nabil always runs ahead in identifying the need of the customer and
designing the products that meet the requirements.
02
OPERATING
AND FINANCIAL
REVIEW
ANALYSIS OF KEY ITEMS OF STATEMENT
OF FINANCIAL POSITION OF PAST 5 YEARS
The bank has recorded steady growth in its business size, operating avenues and income generation over the past five year
period. The bank has significantly strengthened its delivery channels, IT infrastructure, operating policies and risk
management practices. Tables presented in this section reflect on the banks financial position during the past five years.
AT MID JULY
6. Bills Payable
7. Proposed Dividend
9. Other Liabilities
Total
ASSETS
1. Cash Balance
9. Other Assets
Total
NRs.000
2013
2012
2011
2010
2009
3,046,052
2,435,723
2,029,769
2,028,774
1,448,621
300,000
300,000
300,000
300,000
300,000
3,643,093
-
3,008,278
311,080
2,536,748
1,650,599
1,807,933
74,900
1,681,620
1,681,305
63,609,808
55,023,695
49,696,113
46,410,701
37,348,256
974,737
811,908
608,931
434,737
338,011
529,598
66,873
1,071,100
179,142
51,107
1,072,481
73,241,260
63,193,414
1,140,212
1,050,659
(46,939)
(456,817)
4,789,295
1,634,306
3,681,980
826,436
415,768
44,104
859,406
425,444
24,904
644,291
58,141,437
52,151,684
744,592
635,987
217,971
214,657
1,473,986
2,452,512
549,455
3,118,144
463,139
80,232
526,214
43,867,398
674,395
2,648,596
49,521
552,888
16,332,043
14,048,966
13,081,206
13,703,024
10,826,379
872,322
887,543
935,089
779,540
660,989
46,369,835
-
2,150,186
73,241,260
41,605,683
-
1,548,964
63,193,414
38,034,098
-
1,201,984
58,141,437
32,268,873
-
882,005
52,151,684
27,589,933
-
864,696
43,867,398
23
8 billion
21 billion
INTEREST
FREE
18%
CALL
17%
6 billion
6 billion
DEPOSIT MIX
2008
SAVINGS
38%
12 billion
SAVINGS
37%
23 billion
2013
FIXED
27%
8 billion
FIXED
17%
11 billion
SHAREHOLDERS' FUND
SHAREHOLDERS' FUND
6,689
NRs. in Million
5,444
4,567
3,837
3,130
33%
CALL
33%
INTEREST
FREE
13%
LOANS
30%
29%
DEPOSITS
30%
34%
2009
2010
2011
SHAREHOLDERS FUND
2012
2013
ROE IN %
24
DIVIDEND PAYOUT
PARTICULAR
2008/09
2009/10
2010/11
2011/12
2012/13
113.44
83.81
70.67
83.23
95.14
50.00
40.00
0.00
20.00
25.00
42%
48%
35.00
28.44
31%
30.00
13.81
36%
DISTRIBUTION OF DIVIDEND
The bank has distributed cash dividend at
the rate of 35%, 30%, 30% and 40% from
profit of financial years ending mid July
2009, 2010, 2011 and 2012 respectively.
Similarly the bank also distributed stock
dividend at the rate of 50%, 40% and 20%
from profit of financial years ending mid
30.00
40.67
40.00
23.23
30.14
42%
40.00
NRs.000
2013
2008
CAGR
Total deposits
63,609,808
31,915,047
14.8%
47,645,530
21,759,460
17.0%
8,339,251
2,363,599
28.7%
872,322
17,966,349
6,689,145
598,039
11,918,923
2,437,199
7.8%
8.6%
22.4%
Cash Dividend
Rs. in Million
2008/09
338.01
2009/10
434.74
2010/11
608.93
2011/12
811.91
1,031.05
1,139.10
1,337.75
1,689.39
6,930.42
7,043.62
7,288.15
8,774.84
Profit Retention
693.04
704.36
728.81
877.48
2012/13
974.74
2,218.76
1,244.03
12,440.25
25
02
1. Interest Income
2. Interest Expense
2013
2012
2011
2010
2009
5,702,123
6,126,855
5,254,030
4,047,726
2,798,486
3,515,938
2,971,364
2,298,600
2,087,618
1,645,206
2,186,185
3,155,490
393,051
366,387
209,905
201,085
489,051
6. Staff Expense
447,070
290,855
180,570
276,103
1,960,108
215,482
169,548
291,441
1,153,280
179,693
144,164
251,920
4,607,945
3,985,907
3,046,128
2,764,088
2,220,983
468,781
430,909
401,425
334,186
265,158
646,760
2,955,431
500,713
454,042
366,940
339,898
-
3,492,404
3,054,285
2,190,661
2,062,962
1,615,927
Operating Profit
3,464,953
2,640,336
2,081,190
1,707,133
1,570,205
24,728
7,101
39,792
10,618
27,451
413,949
13,469
13,840
109,470
6,981
355,829
6,455
45,722
2,190
3,503,149
2,654,176
2,095,273
1,753,379
1,583,013
3,485,695
2,651,139
2,098,421
1,787,701
1,626,534
950,678
720,109
569,733
486,083
447,615
(17,454)
316,256
NET PROFIT
(3,037)
241,639
2,218,762
1,689,392
38%
31%
26%
17%
10%
2010
2011
190,943
1,337,745
34,322
162,518
1,139,099
43,522
147,867
1,031,053
2009
3,148
2012
2013
26
12.83%
5.77%
0.33%
August
September
October
Novembe
December
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
08-09
09/10
10/11
11/12
12/13
FEES, COMMISSION
AND OTHER INCOME
52%
44%
48%
2,971
2,299
62%
3,516
2,090
2,955
1,645
3,155
2,186
1,960
1,153
2009
2010
INTEREST EXPENSE
2011
2012
2013
27
STAFF EXPENSE
Operating Income
Operating Expense
- Staff
- Other Operating
NRs.000
2013
2008
CAGR
4,607,945
1,670,427
22%
602,956
253,679
19%
3,515,938
1,220,261
489,051
24%
196,487
20%
1,115,541
483,658
18%
468,781
220,751
16%
646,760
262,908
2,218,762
20%
746,468
24%
57%
56%
52%
49%
2009
2010
2011
2012
2013
28
02
The bank has implemented three years strategic plan beginning with financial year 2012-13. By and large,
the performance of the bank has been satisfactory both in terms of top-line as well as bottom-line.
NRs.000
VOLUME*
2013
INTEREST
YIELD
VOLUME*
2012
INTEREST
YIELD
Business Loan
35,354,284
3,953,057
11.18%
31,667,188
3,955,901
12.49%
Total
44,832,762
5,180,425
11.55%
41,705,600
5,315,822
12.75%
Retail Loan
9,478,478
1,227,368
12.95%
10,038,411
1,359,921
8.59 billion
and NRs.4.78 billion respectively
have grown by NRs.
13.55%
29
DETAILS OF AVERAGE VOLUME OF DEPOSITS AND THEIR COSTS ARE PRESENTED AS UNDER:
PERIOD ENDING MID JULY
LCY
Current Accounts
Savings Accounts
VOLUME*
2013
INTEREST
COST
VOLUME*
2012
INTEREST
COST
5,901,938
0.00%
5,114,570
0.00%
19,203,360
692,442
Fixed Accounts
10,878,834
872,138
49,880,373
2,080,078
Call Accounts
FCY
Current Accounts
13,896,241
1,704,459
Savings Accounts
1,650,258
Call Accounts
3,672,869
Fixed Accounts
NRs.000
1,422,844
8,450,430
58,330,803
3.61%
14,432,096
596,273
4.13%
15,104,746
1,629,839
10.79%
4.17%
46,745,109
3,051,495
6.53%
0.00%
1,438,935
0.00%
15,083
1.06%
1,431,998
24,912
1.74%
56,632
0.67%
69,560
0.95%
515,498
7,774
33,775
2,136,710
8.02%
3.71%
0.47%
0.92%
3.66%
12,093,697
1,221,511
3,263,823
7,356,267
54,101,376
825,383
7,982
36,666
3,121,055
6.82%
0.65%
1.12%
5.77%
INVESTMENTS
30
INVESTMENTS
NRs.000
VOLUME*
2013
INTEREST
3,434,354
225,271
5,714,261
117,208
17,544,558
6.56%
2012
INTEREST
VOLUME*
2,700,713
YIELD
196,063
7.26%
99,131
1.73%
5,540,180
412,618
7.45%
194,641
2.35%
7,071,386
193,761
2.74%
2,655
8,278,734
YIELD
2.27%
521,698
2.97%
183,826
8,591
15,496,105
4.67%
811,033
5.23%
COST OF RESOURCES
NRs.000
- average deposits
2013
2012
CHANGES
59,630,912
54,985,995
8.45%
1,300,108
884,621
46.97%
58,330,805
- average borrowings
54,101,374
2,186,185
3,155,490
49,476
34,435
2,136,709
- on borrowings
3.66%
- cost of borrowing
-30.72%
3,121,055
3.67%
- cost of deposit
7.82%
-31.54%
43.68%
5.74%
-36.11%
3.89%
-2.24%
5.77%
3.81%
-36.50%
4.32%
0.35%
4.44%
3.62%
1.00%
0.58%
0.72%
10
11
12
31
8600
7040
5764
4603
3390
2285
80
1860
1490
1100
640
10
11
2013
2012
CHANGES
62,377,320
57,201,704
9.05%
17,544,558
15,496,105
13.22%
44,832,762
41,705,600
5,702,123
-6.93%
5,315,822
521,698
-2.55%
811,033
9.14%
11.55%
- yield on investments
7.50%
6,126,855
5,180,425
-35.67%
10.71%
-14.65%
5.23%
-43.19%
12.75%
2.97%
-9.34%
- Guarantee
- Remittance
- Letter of Credit
- Insurance Agency
- Loan Management
- Cards Commission
- Remittance Rebate
- Bullion Commission
- Communication Fees
12
NRs.000
1720
NRs.000
2013
2012
602,956
567,472
72,269
82,430
60,880
11,180
118,710
114,088
40,701
15,631
15,141
30,523
41,402
CHANGES
AMOUNT
35,484
6.3%
7,763
12.0%
54,675
6,205
11.3%
118,921
(211)
-0.2%
33,278
7,423
22.3%
13,367
1,774
13.3%
24,452
16,950
69.3%
64,505
76,322
11,975
113,690
15,792
29,740
6,108
(795)
398
(161)
783
8.0%
-6.6%
0.4%
-1.0%
2.6%
32
STAFF EXPENSE
- Revaluation income
NRs.000
2013
2012
489,051
447,070
41,981
95,691
114,933
(19,242)
393,360
332,138
CHANGES
AMOUNT
61,223
- on sale of investment
- Training expense
- Uniform allowance
- Dashain allowance
9.4%
18.4%
-16.7%
NRs.000
2013
2012
13,469
13,840
20,588
(8,102)
983
16,619
-
(2,780)
CHANGES
AMOUNT
(371)
3,969
(8,102)
3,762
STAFF EXPENSE
PERIOD ENDING MID JULY
-2.7%
23.9%
-100.0%
135.3%
NRs.000
2013
2012
646,760
500,713
8,737
8,935
14,562
25,337
CHANGES
AMOUNT
146,047
(197)
29.2%
-2.2%
14,562
100.0%
25,455
(118)
-0.5%
103,919
48,570
55,349
114.0%
435,623
377,680
57,943
15.3%
48,409
10,173
31,212
8,861
17,197
1,312
55.1%
14.8%
33
PROVISION FOR
POSSIBLE LOSSES
- House rent
- Security service
- Contract service
- Asset insurance
NRs.000
2013
2012
468,781
430,909
37,872
8.8%
54,798
6,081
11.1%
10,969
264
60,879
38,895
11,232
10,306
- Deposit insurance
15,279
15,969
33,622
21,398
28,855
16,603
29,169
123,904
62,672
39,833
9,679
CHANGES
AMOUNT
(939)
627
- on loan impairment
- on other assets
Net expense
- others
2.4%
6.5%
14,051
1144.8%
14,359
1,610
11.2%
25,221
3,634
14.4%
25,336
3,832
15.1%
6,851
12.3%
21,184
16,795
130,516
55,821
8,451
214
(192)
(6,612)
33.6%
1.0%
-1.1%
-5.1%
NRs.000
2013
2012
2,723
413,949
(411,226)
99.3%
(11,525)
23,254
(34,779)
149.6%
13,610
639
390,695
-
CHANGES
AMOUNT
(377,085)
639
-2.4%
1,227
25,171
2012
(17,454)
(3,037)
(14,417)
10,442
16,771
(6,329)
(53)
(3,006)
(11,717)
(5,084)
96.5%
-100.0%
NRs.000
2013
(27,843)
CHANGES
AMOUNT
(24,837)
11,717
5,031
-474.7%
-826.1%
-37.7%
100.0%
99.0%
34
DETAILS OF LOANS
WRITTEN-OFF
NRs.000
PRINCIPAL
INTEREST
TOTAL
706,762
281,220
987,983
678,919
266,472
945,391
27,843
14,748
42,592
(456,434)
(77,819)
(534,253)
(448,112)
(75,699)
(523,811)
234,318
164,604
398,923
64.6%
27.7%
54.1%
(8,322)
250,328
16,010
(2,120)
203,401
38,797
* The bank has relinquished its recovery rights in view of remote possibility of loan recovery.
3.49 billion
recording growth
of
14.3% and
is highest in the
banking industry.
(10,442)
453,730
54,807
35
02
VALUE ADDITION
NRs.000
2013
Interest Income
5,702,123
Interest Expense
Operating Cost
2012
6,133,739
(431,616)
(308,951)
(70,942)
(2,160,685)
(3,129,990)
31,030
33,390
(379,893)
CHANGES
AMOUNT
-7.0%
969,306
-31.0%
23.0%
(2,360)
-7.1%
3,192,575
2,728,188
464,387
17.0%
4,284,581
3,740,418
544,163
14.5%
1,092,007
1,012,231
79,776
7.9%
To Employee
To Governments
NRs.000
AMOUNT
963,015
952,677
25,500
2013
SHARE %
AMOUNT
22.5%
754,069
22.2%
0.6%
974,737
22.7%
123,904
2.9%
1,368,653
2,723
(1,999)
1,244,025
4,284,581
728,302
25,500
20.2%
208,947
19.5%
0.7%
130,516
3.5%
0.1%
413,949
29.0%
AMOUNT
21.7%
1,420,640
100.0%
SHARE %
811,908
31.9%
0.0%
2012
(8,193)
884,368
3,740,418
224,375
30.8%
0.0%
(6,612)
-5.1%
11.1%
(411,225)
23.6%
27.7%
20.1%
(51,987)
100.0%
162,829
38.0%
-0.2%
CHANGES
6,194
359,657
544,163
-3.7%
-99.3%
-75.6%
40.7%
14.5%
36
02
PRIMARY SEGMENT
NRs.000
BANKING
TREASURY
7,317,474
2,498,884
117,064
316,413
Total Revenue
7,847,161
2,839,045
4,097,106
2,217,836
523,232
5,022
192,579
Revenue
Forex Income
Staff Expense
Operating Expense
Segment Result
Staff Bonus
409,891
2,733
613,153
TOTAL
9,835,938
29,550
489,051
295,307
152,199
10,736
7,050
(12,262)
5,265,480
2,217,646
2,581,681
19,580
OTHERS
13,012
14,536
17,454
CARDS
621,399
26,025
340,912
5,058
11,208,867
6,320,000
15,402
736,235
10,332
450
126,600
13,469
181,749
16,225
214,312
870,409
25,734
156,015
646,760
2,723
17,454
7,723,172
3,485,695
316,256
3,169,439
2,218,762
Income Tax
% Share
950,678
74.1
17.8
3.6
4.5
100.0
37
SECONDARY SEGMENT
Forex Income
NRs.000
EASTERN
CENTRAL
WESTERN
MID WESTERN
FAR WESTERN
724,505
8,454,761
411,162
153,281
92,230
9,835,938
11,050
470,732
4,559
1,708
1,002
489,051
47,211
771,468
13,469
31,009
-
10,421
TOTAL
10,301
-
870,409
13,469
Total Revenue
782,766
9,710,430
446,730
165,409
103,532
11,208,867
324,553
5,760,781
159,844
51,232
23,591
6,320,000
45,610
623,523
41,707
15,171
10,223
736,235
Expense
Staff Expense
Operating Expense
Segment Result
41,465
6,439
-
418,067
364,698
Staff Bonus
547,420
(6,506)
17,454
6,942,671
2,767,759
37,648
12,976
3,048
(1,253)
242,248
78,126
204,482
87,283
7,251
994
42,059
61,473
646,760
2,723
17,454
7,723,172
3,485,695
316,256
3,169,439
2,218,762
Income Tax
% Share
950,678
10.5
79.4
5.9
2.5
1.8
largest contribution
100.0
38
02
Borrowings
Deposits
- domestic currency
- foreign currency
Other liabilities
Total
Assets
Investments
Fixed assets
Other assets
Total
MID OCT 12
Q1
MID JAN 13
Q2
MID APR 13
Q3
MID JUL 13
Q4
2,436
2,437
2,437
2,437
300
300
300
300
3,605
-
4,121
2,925
59,489
58,996
8,702
7,753
50,787
247
3,956
70,033
4,536
1,450
57,598
63,610
8,355
9,332
51,243
49,243
119
34
3,511
5,225
3,500
54,278
67
2,892
72,409
69,854
3,553
4,452
17,650
18,698
16,701
16,348
4,633
4,722
4,371
4,436
6,029
976
42,417
2,465
-
6,434
1,927
45,455
2,576
-
6,582
942
45,100
2,753
-
6,432
74,531
5,883
1,634
47,646
3,270
-
6,948
22,402
24,897
24,247
24,555
870
863
876
872
6,484
-
2,090
70,033
6,678
-
1,912
72,409
7,297
-
1,783
69,854
8,436
-
2,148
74,531
39
INTERIM FINANCIAL
PERFORMANCE
Interest Income
Interest Expense
NRs.in Million
MID OCT 12
Q1
MID JAN 13
Q2
MID APR 13
Q3
MID JUL 13
Q4
TOTAL
1,435
1,390
1,380
1,497
5,702
802
860
862
991
(632)
116
40
106
(530)
117
29
124
(518)
100
32
113
(507)
(2,186)
60
393
109
147
3,516
210
489
1,064
1,130
1,107
1,307
4,608
(115)
(107)
(116)
(131)
(469)
Staff Expenses
Operating Profit
(145)
804
(123)
900
(122)
869
(256)
920
3,492
907
3,000
(163)
(91)
(226)
(12)
(1)
16
641
282
809
12
643
11
(647)
185
(493)
18
491
925
821
653
1,109
3,508
925
822
659
1,085
3,491
(178)
(297)
(951)
(84)
(252)
589
(75)
(224)
523
(60)
421
(24)
(98)
690
(17)
(317)
2,223
40
02
41
FINANCIAL POSITION
AND PERFORMANCE OF
NABIL INVEST
BALANCE SHEET
NRs.000
AT MID JULY
2013
2012
2011
2010
Share Capital
105,000
105,000
105,000
70,000
Accounts Payable
119,287
109,208
7,218
2,628
47
60
24,165
2,822
32,765
Total
284,039
Assets
110,536
Investments
Other assets
7,457
1,436
24,427
253,093
1,065
694
17
121,494
72,117
26,337
70,000
128,243
107,000
83,400
6,139
6,952
6,169
1,941
1,135
176
3,599
155
284,039
4,527
4,453
6,371
253,093
121,494
(528)
98,383
65,228
Total
12,975
72,117
42
INCOME STATEMENT
PERIOD ENDING MID JULY
NRs.000
2013
2012
2011
Gross Income
51,696
28,522
19,480
Interest Income
22,455
14,633
12,979
Gross Expenses
(20,650)
(12,728)
(7,768)
(705)
Personnel Expenses
(5,603)
(4,296)
(1,574)
(222)
Depreciation Charge
(1,992)
(1,714)
(1,267)
IPO Fees
Other Income
Interest Expenses
12,424
16,817
(3,588)
(9,466)
31,046
(2,822)
Tax Expense
(7,056)
- Deferred Tax
Dividend Payout
28,224
3,601
10,288
(71)
(6,647)
15,794
(1,435)
14,359
(3,590)
305
6,196
-
(4,927)
2010
(483)
-
11,712
(705)
10,647
(705)
(1,065)
(2,662)
176
(7,258)
(3,603)
(2,425)
21,168
10,769
7,985
(529)
(10,500)
(5,250)
23,488
12,975
202
12,975
(155)
13
7,456
-
(237)
(529)
7,456
176
-
(529)
SYNERGISTIC
Value creation of sums greater than the value of all its parts is only possible when
entire components work in sync and create synergy. Nabil has fostered the
culture of working together for better and faster result from the activities thereby
creating harmony among all the stakeholders. In our drive to take the bank atop
coheres all in togetherness for common good of the stakeholders.
03
PRODUCTS
AND SERVICES
Nabil is always
concerned about how
it can create values for
its customers the
best in the market.
It at different intervals
designs products and
services in sync with
time, technology
and market.
03
LENDING PRODUCTS
CORPORATE BANKING
INFRASTRUCTURE AND
PROJECT FINANCING
Infrastructural development is
indispensable for economic growth and to
elevate the living standards of the residents
thereby contributing the nation get to an
economic pinnacle. Considering the leading
role of the Bank like ours in the industry,
we have formed an exclusive unit consisting
of high spirited team having major focus of
contributing with finances to unleash
potential projects like hydroelectricity,
cement, roads, rails, telecommunication,
airports, oil and gas explorations etc. that
remain inertly powerless for want of
financing. Moreover, these mega projects
foster and promote many other small
ancillary projects augmenting overall
business clime in the nation. Needlessly to
say, these economic activities breed an
array of employment opportunities and give
an impetus to the overall economic
development of the nation.
45
SME BANKING
MICROFINANCE
PERSONAL LENDING
46
03
DEPOSIT PRODUCTS
47
03
CARD PRODUCTS
NABIL ESECURE
Nabil Visa and MasterCard card members
(debit and credit) can now enjoy internet
shopping experience with their cards through
3D secured ecommerce payment solution
called Nabil eSecure. With Nabil eSecure,
card members can make payments for
internet transactions at merchant's website
easily after one time registration to Nabil
eSecure services and the transactions are
protected by card member chosen
passwords. Railway tickets, airlines tickets,
goods/services, hotel reservations, tour
packages and many more can be
conveniently and safely purchased with the
help of hassle free Nabil eSecure.
MOBILE COMMERCE
The utility of e-Commerce is growing
exponentially. With the intention of providing
all modern banking services to its customers,
Nabil has launched Mobile Banking service
called Nabil M-Bank. Nabil initiated mobile
recharging service through SMS for NTC
prepaid numbers. It offers Menu based
mobile commerce solution which allows our
valued customers to use their mobile set in a
simpler form in order to perform non
financial transactions like Balance Enquiry,
Mini Statement, Cheque Book Request, Full
Statement Request and Pin Change and
financial transactions such as Third Party
Fund Transfer (within Nabil Bank), payment
of Nabil Credit Card Bill, Purchase of NTC
Prepaid Mobile (Namaste) Recharge Card,
Purchase of NTC CDMA Mobile (Sky Phone)
Recharge Card, Payment of NTC Post Paid
Mobile Bill, Payment of NTC Landline Bill,
Payment of ADSL Bill and Merchant
Payment. The entire range of the above
services could be availed from both Ncell
and NTC mobile services.
48
NABILNET
Through Nabils Internet Banking facility
NabilNet customers can bring the Bank
right to their homes and offices. Customers
ranging from individuals, NGOs, INGOs,
development agencies, and corporate houses
etc. can enjoy a host of services like
transferring funds, viewing account balances,
downloading and printing account
statements, payment of credit card bills,
payment of NTC/Ncell postpaid bills,
payment of NTC ADSL bills. Nabilnet is
highly secured and in order to make the
environment more secure it has initiated
publicizing awareness programs through
newspapers and is constantly updating its
products and services to serve banks valued
customers.
ATMS
Nabil has a large domestic network of 81
ATMs in the Kathmandu valley and outside
at locations like Birtamod, Damak, Itahari,
Khandbari, Dharan, Biratnagar, Birgunj,
Hetauda, Charikot, Narayangadh, Gorkha,
Beshisahar, Pokhara, Baglung, Butwal,
Bhalwari, Bhairahawa, Ghorahi, Tulsipur,
Nepalgunj, Dhangadhi, Janakpur,
Chandragadhi and Mahendranagar. These
ATMs serve customers 24 hours a day, 365
days a year. Nabil ATMs also accept credit
and debit card products of Visa, MasterCard,
China Union Pay and SCT. Further extension
of ATMs in various locations inside and
outside Kathmandu valley is still under
Nabils immediate business plan.
49
03
REMITTANCE PRODUCTS
Nabils remittance products are a topquality and has a diverse and selected
service range designed to cater to the
different and exclusive requirements of our
valued customers capitalizing on its large
international network and branches at
different parts of the country.
WESTERN UNION
Nabil is one of the 8 principal agents and
the only bank agent for Western Union
Money Transfer Services in Nepal. Since
1999 Nabil is associated with Western
03
BANCASSURANCE
This arrangement between the Bank and
insurance companies to sell insurance
products to the Banks customers benefits
mutually both at the same time. The Bank
acts as an agent for selling diverse
products/schemes under life and non-life
providing speedy and professional services
to the customer. Nabil, as always
pioneering in innovative products, has
commenced this product in 2010 through
arrangements with several insurance
companies with a distribution model
through its branches. Bancasurrance
Division coordinates with the insurers for
expeditious settlement of claims in
compliance with the standard procedures.
50
03
03
OTHER PRODUCTS/SERVICES
NABIL TREASURY
Nabil Bank offers complete solution for
foreign exchange transaction need of its
customers. The bank is well equipped with
network of correspondents to offer real time
and competitive spot and forward rates. The
bank undertakes all FX activities as
permitted by the regulation to support its
customer business need.
PROFESSIONAL
The experienced team with service attitude in the Bank over a stretch of 29 years
displays unrelenting professionalism the Bank practices. We have always honored
and valued the need of the customer and it has necessitated us to be perfect with
speed and accuracy while serving them. It has always fostered partnerships that
give the chances of win-win to both parties which thereby have led to
proliferation of business activities in the country.
04
GOVERNANCE
04
The Board is collectively responsible for longterm sustainability of the Bank. To this end,
the Board exercises its authority within the
framework of regulatory provisions,
Companies Act, Bank and Financial
Institutions Act, Memorandum and Articles
of Association and other relevant laws and
regulations. The Board delegates executive
responsibility for running the Banks business
to the Chief Executive Officer. The CEO
heads the executive management team and
is empowered to further delegate authority
and assign responsibility through the
organization structure.
SITTING FEES.
K B Manandhar
13/13
NRs.114,000
D G Agrawal
13/13
NRs.104,000
S P Poudyal
K P Acharya
13/13
11/13
NRs.108,000
NRs.88,000
N Chaudhary
12/13
NRs.96,000
A Sharma
10/13
NRs.72,000
M Ahmed1
S P Shrestha2
Total
1
2
6/13
2/2
NRs.48,000
NRs.20,000
NRs.650,000
53
DIRECTORS APPOINTMENT
AND INDUCTION
RELATIONS WITH
SHAREHOLDERS
54
04
BOARD COMMITTEES
MEMBERSHIP OF
THE BOARD COMMITTEES
DIRECTORS
AUDIT
COMMITTEE
RISK
MANAGEMENT
COMMITTEE
D G Agrawal
K P Acharya
N Chaudhary
A Sharma
CONVENER
MEMBER
SITTING FEES.
- D G Agrawal1
8/8
NRs.72,000
- A Sharma
4/4
NRs.32,000
- K P Acharya
2
- K B Manandhar3
Total
2/8
4/4
NRs.16,000
NRs.40,000
NRs.160,000
1
Mr. D G Agrawal attended first four meetings as a member
and remaining four meetings, beginning March 2013,
as Convener.
2
Mr. A Sharma attended four meetings beginning March
2013 as a member.
3
Mr. K B Manandhar attended four meetings as Convener
until October 2012 immediately before assuming the
position of chairman of the Board.
COMMITTEE ACTIVITIES
BAC meetings reviews and discusses a
number of internal audit reports, statutory
audit report and regulators inspection report
of the Bank. The committee updates the
Board of its actions by sending copies of its
minutes, which are discussed in Board
meetings. BAC issues recommendations for
strengthening banks system of internal
controls and its effectiveness in practice.
A number of agenda items were discussed in
the meetings and numerous
recommendations were given by the BAC for
strengthening overall risk management
systems of the Bank. For effective
discussions of the agenda, members from
senior management team of the bank were
also invited to BAC meetings on need basis.
55
56
RISK MANAGEMENT
COMMITTEE (RMC)
Directors Risk Management Committee is
constituted in line with the spirit of Risk
Management Guidelines (RMG) of Nepal
Rastra Bank and the NRB Unified Directives.
The RMG highlights on risk governance and
identifies the need of a strong risk
management framework, well defined risk
management processes and effective risk
assessment and measurement mechanism.
Besides, representation in the committee
from management, director Mr. K P Acharya
is the Convener and directors Mr. N
Chaudhary and Mr. D G Agrawal are
members of RMC. Banks Chief Risk Officer
is the Committee Secretary.
ROLE AND RESPONSIBILITIES
The Committee oversees overall risk
governance framework of the Bank. It
ensures that proper risk management policy
and procedures are in place and effectively
practiced at all levels within the Bank. In
doing so it ensures that Internal Audit
reviews the overall business operations to
assess whether or not the Banks policies
and procedures are adequate and
implemented. It reviews the effectiveness of
Management Information System and
Internal Control Systems of the Bank.
The Committee, on an ongoing basis, defines
and reviews risk appetite of the bank in
relation to overall business risk with specific
focus on credit risk, market risk, operation
risk, liquidity risk and price risk. RMC
RISK GOVERNANCE
Bank practices risk governance applying the
principles of good governance to the
identification, assessment, management and
communication of risk. The Bank equally
takes account of participation, transparency,
and accountability within the procedures and
structures by which risk related decisions are
made and implemented.
Within the bank, RMC is responsible for
overseeing the risk governance structure and
monitoring the effectiveness of risk
management and internal control systems.
As advised by RMC, the management
ensures presence of strong risk governance
culture in the bank which guides its risk
strategies. Chief Risk Officer, member
secretary of RMC, ensures that emerging
risks and changing behavior of key risks are
brought forward for discussions in the
committee meetings. Invitees who head
major functional and business areas
participate in RMC meetings and highlight
the key risks faced in their specific areas.
This helps the Board, together with RMC, to
ensure that a strong risk management frame
work is maintained. Following is the
attendance record of board members in the
RMC:
ATTENDANCE
- K P Acharya
- N Chaudhary
- D G Agrawal
- K B Manandhar1
Total
SITTING FEES.
5/5
NRs.48,000
2/2
NRs.16,000
5/5
1/1
Nrs.40,000
NRs.8,000
NRs.112,000
1
Regulatory requirement requires the Convener of BAC to
be a member of RMC. Accordingly, in November 2012 Mr.
K B Manandhar attended one RMC meeting and beginning
April 2013 Mr. D G Agrawal attended two RMC meetings in
capacity of Convener of BAC.
57
COMMITTEE ACTIVITIES
The Committee discussed on the following
agenda in its meeting.
1. Review of risk management practices
implemented in the Bank including
regulatory compliance.
2. Review of authority delegated by the
Board to the management.
3. Review of performance and business risk.
4. Stress testing reports of the Bank.
5. Status of non-performing loan accounts
and recovery strategies pursued.
6. Minutes of Asset Liability Committee
(ALCO) meetings.
7. Revision of following documents:
a. Credit Policy Guidelines revision
2013
b. Product Paper for Mortgage Loans
SME, Corporate and Infrastructure
c. Product Paper for Education Loan
d. Product Papers for Retail Loans
Housing, Mortgage and Personal
Overdraft
8. Internal Credit Risk Rating Model of the
Bank.
9. Credit Concentration reports, including top
exposures at borrower, group and sector
level.
58
04
INTERNAL CONTROLS
59
60
04
EMPLOYEES
MALE
Senior Manager*
Middle Manager
Officers
Assistants
Support Staffs
Total
37
135
FEMALE
39
241
160
523
219
102
14
TOTAL
43
174
401
116
742
RECRUITMENT AND
DEVELOPMENT
61
TAX ON REMUNERATION
INCOME
TAXATION ON RETIREMENT
BENEFITS (GRATUITY AND
PROVIDENT FUND)
5%
Balance Amount
Tax Free
Higher of 500,000 or
50% of Total Fund
CONTRIBUTION TO NATIONAL
LEVEL WELFARE FUND
1%#
15%
25%
35%*
SINGLE
200,000
200,001 300,000
300,001 2,500,000
Above 2,500,000
COUPLE
250,000
250,001 350,000
350,001 2,500,000
Above 2,500,000
Senior
Management
Team
64
04
CORPORATE SUSTAINABILITY
TRANSPARENCY AND
GOOD GOVERNANCE
CONTRIBUTION TO
NATIONAL ECONOMY
SPREADING FORMAL
BANKING CHANNELS
65
ENVIRONMENTAL INITIATIVE
HUMAN RESOURCE
MANAGEMENT
66
04
67
68
69
05
FINANCIAL
STATEMENTS AND
OTHER INFORMATION
05
Chairman
71
05
DISCLOSURE OF INFORMATION
UNDER SECTION 109(4) OF COMPANIES ACT 2006
72
SHAREHOLDER NO.
Director
2663
Director
14990
Manager
8258
Director
CEO
Manager
Manager
Manager
Manager
Manager
Manager
Manager
Manager
Manager
Manager
90
464
5076
5761
4852
2174
4866
4804
4733
4821
4773
OWNERSHIP
3930
2343
84
4047
70
192
490
246
662
742
891
4077
4552
596
954
623
Officer
5367
Officer
17242
Officer
Officer
Officer
5817
18058
13694
202
26
93
98
100
15011
73
75
1. Share Capital
3,046,051,750
2,435,723,280
33,213,885
30,336,486
7. Bills Payable
300,000,000
63,506,102,707
54,905,676,208
974,736,560
811,907,760
529,597,845
8. Proposed Dividend
66,872,707
1,225,973,710
Total
ASSETS
1. Cash Balance
1,140,212,319
1,050,668,504
(32,108,638)
(438,602,825)
K. B. Manandhar
S. P. Poudyal
D. G. Agrawal
Krishna Bhattarai
N. Chaudhary
Ashish Sharma
M. Ahmed
Chairman
Director
Director
Director
Director
878,461,243
894,495,291
Director
K. P. Acharya
Director
826,435,677
14,069,965,792
73,343,593,148
Anil Gyawali
3,681,980,327
16,344,425,612
2,219,166,754
Total
1,207,599,073
9. Other Assets
51,106,490
46,369,834,571
7. Fixed Assets
179,142,358
63,250,488,220
1,634,306,157
5. Investment
311,080,000
73,343,593,148
4,789,295,130
3,017,916,565
300,000,000
6. Deposits
3,661,043,984
41,605,682,634
-
1,559,862,820
63,250,488,220
As per our report of even date.
CA. L. D. Mahat
Partner
CSC & Co.
Chartered Accountants
76
For the period 16 July 2012 to 15 July 2013 (1 Shrawan 2069 to 31 Ashadh 2070)
PARTICULARS
1. Interest Income
5,721,105,506
6,138,866,625
3,534,804,564
2,985,926,271
222,385,463
207,295,626
2. Interest Expense
2,186,300,942
405,474,783
5. Exchange Income
489,051,079
6. Staff Expense
8. Exchange Loss
367,676,396
447,070,485
4,651,715,889
4,007,968,778
475,903,506
432,880,991
652,362,895
3,152,940,354
505,008,894
-
3,523,449,488
3,070,078,893
Operating Profit
3,495,998,577
2,656,130,213
24,727,701
27,450,911
6,058,572
413,948,680
9,939,751
3,526,784,850
2,666,069,964
3,509,330,636
2,663,033,215
958,123,456
723,698,440
(17,454,214)
319,077,852
731,904,979
5,791,658
Deferred Tax
Anil Gyawali
K. B. Manandhar
S. P. Poudyal
D. G. Agrawal
Krishna Bhattarai
N. Chaudhary
Ashish Sharma
M. Ahmed
Chairman
Director
Director
Director
Director
(8,206,539)
2,226,686,260
1,693,491,387
Director
K. P. Acharya
Director
(2,201,147)
5,443,068
Net Profit/(Loss)
243,074,316
954,532,945
(3,036,749)
2,769,072
CA. L. D. Mahat
Partner
CSC & Co.
Chartered Accountants
77
Income
562,584,391
1,693,491,387
2,192,650,920
444,000,000
340,000,000
226,430
2,789,670,651
Expense
3. General Reserve
4. Contingent Reserve
1,000,000
1,000,000
974,736,560
811,907,760
609,210,350
405,953,880
24,000,000
28,800,000
2,154,126
12,191,027
Total
2,067,292,063
722,378,588
Anil Gyawali
K. B. Manandhar
S. P. Poudyal
D. G. Agrawal
Krishna Bhattarai
N. Chaudhary
Ashish Sharma
M. Ahmed
400,000
Total
Director
8. Contingent Reserve
Chairman
498,933,103
2,226,686,260
Director
Director
Director
Director
K. P. Acharya
Director
8,193,129
34,211,760
1,630,066,529
562,584,391
CA. L. D. Mahat
Partner
CSC & Co.
Chartered Accountants
Contingent Reserve
Closing Balance
2,436,841,400
722,378,588
(12,191,027)
(2,154,126)
(24,000,000)
400,000
(1,000,000)
(444,000,000)
(609,210,350)
(974,736,560)
2,226,686,260
562,584,391
Cash Dividend
Adjustments:
2,436,841,400
(6,884,263)
569,468,654
ACCUMULATED
PROFIT/(LOSS)
1,118,120
405,953,880
2,029,769,400
Error adjustment
SHARE CAPITAL
2,620,500,000
444,000,000
2,176,500,000
2,176,500,000
GENERAL
RESERVE
609,210,350
609,210,350
(405,953,880)
405,953,880
PROPOSED
BONUS SHARE
74,000
74,000
74,000
CAPITAL
SHARE
RESERVE PREMIUM
FUND
13,873,570
(400,000)
1,000,000
13,273,570
13,273,570
24,000,000
388,069
- (974,736,560)
1,118,120
(6,884,263)
TOTAL
AMOUNT
- 2,226,686,260
-
INVESTMENT
ADJUSTMENT
RESERVE
- 12,579,096
2,154,126
DEFERRED
TAX
RESERVE
INTEREST
SPREAD
RESERVE
EXCHANGE
EQUALIZATION
FUND
CONTINGENT
DIVIDEND
CAPITAL
RESERVE EQUALIZATION ADJUSTMENT
FUND
RESERVE
PARTICULARS
For the period 16 July 2012 to 15 July 2013 (1 Shrawan 2069 to 31 Ashadh 2070)
79
1. Cash Received
2. Cash Payment
1,634,682,264
3,504,297,743
6,507,803,903
6,960,784,041
350,245,632
419,236,920
5,399,592,282
512,714,664
10,441,593
234,809,732
5,866,808,864
447,070,485
16,770,964
210,896,808
(4,357,987,973)
(4,709,192,637)
(880,256,345)
(508,569,523)
(2,186,417,719)
(348,020,879)
(3,154,542,659)
(304,303,047)
(943,240,498)
(724,976,186)
2,149,815,930
2,251,591,404
(52,532)
(9,135,643,762)
(807,870,480)
(2,873,822,930)
(16,801,222)
(2,412,117,132)
1,626,076,101
173,944,342
(4,805,605,359)
(3,965,286,395)
8,620,510,096
3,664,823,471
(648,344,993)
8,600,426,499
(246,851,180)
5,221,899,862
-
(313,080,000)
(1,315,519,178)
776,650,153
(1,058,810,249)
(108,879,254)
(88,247,024)
5. Dividend Paid
333,163,597
611,411,009
269,042,367
13,178,465
(8,102,434)
(241,557,213)
(1,188,558,463)
197,670,874
20,324,364
(807,979,612)
(609,991,078)
1,118,120
(809,097,732)
(609,991,078)
1,603,352,805
1,835,496,416
5,897,398,811
4,294,046,006
(d) Income/(Loss) from change in exchange rate in Cash & Bank balance
(f) Opening Cash and Bank Balance
*Increment in share capital by virtue of issuance of bonus shares have not been reflected.
However, fraction share adjusted with Cash Dividend is disclosed as increment.
4,294,046,006
2,458,549,590
80
Balance Sheet
SCHEDULE
1. Share Capital
3,046,051,750
2,435,723,280
300,000,000
300,000,000
4. Borrowings
3,643,092,761
5. Deposits
6. Bills Payable
7. Proposed Dividend
9. Other Liabilities
311,080,000
63,609,808,199
55,023,695,253
974,736,560
811,907,760
529,597,845
179,142,358
66,872,707
Total
3,008,277,828
51,106,490
1,071,099,849
1,072,481,023
73,241,259,671
63,193,413,992
SCHEDULE
1,140,212,319
1,050,658,504
10
(46,938,948)
(456,816,781)
5. Investment
12
16,332,043,012
14,048,965,792
14
872,322,039
887,543,274
ASSETS
1. Cash Balance
4,789,295,130
11
1,634,306,157
13
7. Fixed Assets
41,605,682,634
16
Total
826,435,677
46,369,834,571
15
9. Other Assets
3,681,980,327
2,150,185,391
1,548,964,565
73,241,259,671
63,193,413,992
Contingent Liabilities
Schedule 17
Schedule 30(A1)
Directors' Declaration
Schedule 29
Credit Risk
Schedule 30(B)
Schedule 30(C)
Operation Risk
Schedule 30(D)
Market Risk
D. G. Agrawal
Krishna Bhattarai
N. Chaudhary
Ashish Sharma
M. Ahmed
Director
Director
Director
Director
Schedule 33
S. P. Poudyal
Director
Schedule 32
Notes to Accounts
K. B. Manandhar
Chairman
Schedule 31
Anil Gyawali
Schedule 30(E)
Principal Indicators
K. P. Acharya
Director
Schedule 34
Schedule 35
CA. L. D. Mahat
Partner
CSC & Co.
Chartered Accountants
81
For the period 16 July 2012 to 15 July 2013 (1 Shrawan 2069 to 31 Ashadh 2070)
PARTICULARS
1. Interest Income
2. Interest Expense
SCHEDULE
18
5,702,122,918
6,126,854,828
3,515,938,047
2,971,364,359
209,905,066
201,084,866
19
20
5. Exchange Income
22
2,186,184,871
393,050,514
21
6. Staff Expense
23
8. Exchange Loss
22
489,051,079
25
26
Operating Profit
468,781,187
430,909,132
3,464,952,933
2,640,336,248
24,727,701
13,839,751
2,654,175,999
3,485,694,992
2,651,139,250
950,677,628
720,108,902
316,255,521
Current Tax
413,948,680
3,503,149,206
(17,454,214)
3,054,284,928
13,468,572
500,712,844
3,492,403,844
27,450,911
28
447,070,485
3,985,906,904
27
366,387,194
4,607,944,706
646,759,675
24
3,155,490,469
(3,036,749)
241,638,501
946,885,251
728,302,031
5,791,658
Deferred Tax
(1,999,281)
Net Profit/(Loss)
2,218,761,843
(8,193,129)
1,689,391,847
Anil Gyawali
K. B. Manandhar
S. P. Poudyal
D. G. Agrawal
Krishna Bhattarai
N. Chaudhary
Ashish Sharma
M. Ahmed
Chairman
Director
Director
Director
Director
Director
K. P. Acharya
Director
CA. L. D. Mahat
Partner
CSC & Co.
Chartered Accountants
82
SCHEDULE
Income
552,945,653
1,689,391,847
2,183,012,182
444,000,000
340,000,000
226,430
2,772,107,496
Expense
3. General Reserve
4. Contingent Reserve
1,000,000
1,000,000
974,736,560
811,907,760
609,210,350
405,953,880
24,000,000
28,800,000
1,999,281
12,191,027
Total
2,067,137,218
704,970,278
Anil Gyawali
K. B. Manandhar
S. P. Poudyal
D. G. Agrawal
Krishna Bhattarai
N. Chaudhary
Ashish Sharma
M. Ahmed
400,000
Total
Director
8. Contingent Reserve
Chairman
493,393,905
2,218,761,843
Director
Director
Director
Director
K. P. Acharya
Director
8,193,129
34,211,760
1,630,066,529
552,945,653
CA. L. D. Mahat
Partner
CSC & Co.
Chartered Accountants
Closing Balance
Contingent Reserve
Cash Dividend
Adjustments:
Error adjustment
PARTICULARS
2,436,841,400
2,436,841,400
1,118,120
405,953,880
2,029,769,400
SHARE CAPITAL
704,970,278
(1,999,281)
(12,191,027)
(24,000,000)
400,000
(1,000,000)
(444,000,000)
(609,210,350)
(974,736,560)
2,218,761,843
552,945,653
(6,884,263)
559,829,916
ACCUMULATED
PROFIT/(LOSS)
2,620,500,000
444,000,000
2,176,500,000
2,176,500,000
GENERAL
RESERVE
For the period 16 July 2012 to 15 July 2013 (1 Shrawan 2069 to 31 Ashadh 2070)
609,210,350
609,210,350
(405,953,880)
405,953,880
PROPOSED
BONUS SHARE
74,000
74,000
74,000
CAPITAL
SHARE
RESERVE PREMIUM
FUND
13,873,570
(400,000)
1,000,000
13,273,570
13,273,570
EXCHANGE
EQUALIZATION
FUND
INTEREST
SPREAD
RESERVE
DEFERRED
TAX
RESERVE
INVESTMENT
ADJUSTMENT
RESERVE
24,000,000
1,999,281
12,191,027
(974,736,560)
2,218,761,843
1,118,120
(6,884,263)
TOTAL
AMOUNT
CONTINGENT
DIVIDEND
CAPITAL
RESERVE EQUALIZATION ADJUSTMENT
FUND
RESERVE
83
84
2. Cash Payment
1,647,367,834
3,480,247,625
6,475,748,293
6,942,481,055
350,245,632
419,236,920
5,392,441,338
512,714,664
10,441,593
209,905,066
5,858,317,820
447,070,485
16,770,964
201,084,866
(4,339,373,075)
(4,892,143,360)
(873,217,310)
(695,216,492)
(2,186,301,648)
(342,890,893)
(936,910,692)
(52,532)
2,136,375,218
(9,076,787,611)
(807,870,480)
(2,873,822,930)
(3,157,092,774)
(301,733,260)
(721,299,612)
(16,801,222)
2,050,337,695
(2,406,880,684)
1,626,076,101
173,944,342
(4,805,605,359)
(3,965,286,395)
8,587,780,227
3,836,790,614
(589,488,842)
8,586,112,946
(241,614,732)
5,327,582,319
(311,080,000)
(1,339,519,178)
764,268,229
(1,039,939,081)
(107,699,734)
(85,750,103)
4. Dividend Income
5. Other
312,747,281
602,271,209
257,210,723
20,588,465
(8,102,434)
(151,272,527)
(1,164,958,463)
194,150,121
16,619,364
(804,889,612)
(601,036,078)
1,118,120
(806,007,732)
(601,036,078)
1,606,746,451
1,839,272,466
5,882,568,501
4,275,822,050
(d) Income/(Loss) from change in exchange rate in Cash & Bank balance
(f) Opening Cash and Bank Balance
*Increment in share capital by virtue of issuance of bonus shares have not been reflected.
However, fraction share adjusted with Cash Dividend is disclosed as increment.
4,275,822,050
2,436,549,584
85
Schedule 1
2,500,000,000
2,100,000,000
2,436,841,400
2,029,769,400
2,436,841,400
2,029,769,400
609,210,350
405,953,880
3,046,051,750
2,435,723,280
50.00
1,218,420,700
1,014,884,700
1. Share Capital
2,500,000,000
2,436,841,400
2,436,841,400
*Share Capital at the face includes paid up capital and proposed bonus shares.
2,100,000,000
2,029,769,400
2,029,769,400
Share Ownership
PARTICULARS
1. Local Ownership
1.6 Others*
2. Foreign Ownership
Total
5.07
10.00
30.00
4.93
50.00
100.00
*Others include promoters shares divested by NIDC, which is freely traded in stock exchange, NEPSE.
123,514,400
124,846,400
731,052,400
608,930,800
243,719,400
120,134,500
1,218,420,700
2,436,841,400
202,996,800
78,110,700
1,014,884,700
2,029,769,400
86
PARTICULARS
NB International Limited
Nepal Trust
THIS YEAR
Rs.
50.00
1,218,420,700
5.07
123,514,400
9.67
0.90
0.89
0.85
0.78
0.59
0.59
235,581,800
21,825,100
21,717,300
20,704,700
19,062,200
14,447,200
14,428,100
Schedule 2
1. General Reserve
2. Capital Reserve
a. Share Premium
a. Contingent Reserve
6. Accumulated Profit/(Loss)
2,620,500,000
2,176,500,000
74,000
74,000
74,000
-
74,000
-
167,248,483
152,458,175
13,873,570
44,574,722
2,578,000
106,222,191
13,273,570
-
42,575,441
2,578,000
94,031,164
704,970,278
552,945,653
3,643,092,761
3,008,277,828
150,300,000
126,300,000
87
Schedule 3
2.
.% Bond/Debentures of Rs..each
Total (1+2)
300,000,000
300,000,000
300,000,000
300,000,000
Schedule 4
A. Local
1. Government of Nepal
311,080,000
3. Repo Liability
Total
B. Foreign
1. Banks
2. Others
Total
Total (A+B)
311,080,000
311,080,000
88
Deposits
Schedule 5
1.5 Individuals
1.6 Others
2. Foreign Currency
2.5 Individuals
2.6 Others
B. Margin Deposits
7,271,123,319
6,572,215,166
5,322,049,977
5,139,289,623
106,574,321
170,855,227
4,687,122,966
3,992,576,131
297,511,499
230,841,191
9,916,978
284,707,641
681,233,646
1,949,073,342
1,432,925,543
15,886,470
12,681,359
1,847,325,212
1,333,179,156
85,861,660
-
87,065,028
-
959,008,907
682,910,236
2. Guarantee
310,454,309
268,782,546
4. Others
272,194,062
9,478,110
1. Employees
3. Letter of Credit
C. Others
1. Local Currency
2. Foreign Currency
2.3 Individual
Total (A+B+C)
5,965,754
370,394,782
4,377,307
400,272,273
221,716,407
162,252,012
10,000,000
202,526,407
14,019,708
158,371,112
13,260,399
188,506,699
135,110,713
19,190,000
19,190,000
-
8,451,848,633
3,880,900
3,880,900
7,417,377,414
Contd.
89
Deposits
Schedule 5
Contd.
PARTICULARS
23,336,146,029
17,994,746,591
21,371,962,963
458,262,370
16,651,890,755
505,997,148
20,913,700,593
16,145,893,607
1,964,183,066
1,342,855,836
2.2 Individuals
1,277,564,430
924,029,864
B. Fixed Deposits
10,786,028,419
14,044,887,821
1.1 Institutions
3,012,297,969
3,149,951,635
1.3 Others
2. Foreign Currency
2.1 Institutions
2.3 Others
1. Local Currency
1.2 Individuals
1.3 Others
2. Foreign Currency
2.1 Institutions
2.2 Individuals
2.3 Others
C. Call Deposits
1. Local Currency
2. Foreign Currency
D. Certificate of Deposit
1. Organized Institutions
2. Individuals
3. Others
Total (A+B+C+D)
686,618,636
9,073,217,949
6,060,919,980
418,825,972
-
12,805,029,718
9,655,078,083
-
1,712,810,470
1,239,858,103
54,071,120
128,985,150
1,658,739,350
21,035,785,118
1,110,872,953
-
15,566,683,427
17,369,596,157
12,142,966,918
236,819,553
220,332,060
15,352,521,107
1,780,255,497
9,879,939,330
2,042,695,528
3,666,188,961
3,423,716,509
70,748
1,200,450
3,647,750,661
17,237,850
659,281
3,406,021,458
16,965,022
55,157,959,566
63,609,808,199
47,606,317,839
55,023,695,253
90
Bills Payable
Schedule 6
1. Local Currency
315,681,009
70,813,386
Total
529,597,845
2. Foreign Currency
213,916,836
Other Liabilities
108,328,972
179,142,358
Schedule 7
1. Gratuity Fund
76,931,147
78,441,012
13. Others
Total
81,653,026
64,892,721
316,255,521
241,638,501
3,712,957
3,856,189
64,854
90,663,827
450,816,230
38,399
109,805,125
488,594,009
1,100,000
1,002,000
41,097,769
35,197,741
8,804,518
1,071,099,849
Cash Balance
49,015,326
1,072,481,023
Schedule 8
1,092,489,614
1,013,649,263
Total
1,140,212,319
1,050,658,504
2. Foreign Currency
47,722,705
37,009,241
91
Schedule 9
LOCAL CURRENCY
INR
FOREIGN CURRENCY
CONVERTIBLE FCY
TOTAL
4,789,946,137
(651,007)
4,789,946,137
(651,007)
(651,007)
4,789,295,130
3,681,980,327
(651,007)
4,789,295,130
3,681,980,327
Schedule 10
2. Foreign Banks
a. Current Account
b. Other Account
Total
LOCAL CURRENCY
57,747,347
INR
FOREIGN CURRENCY
CONVERTIBLE FCY
TOTAL
57,747,347
53,031,610
57,747,347
138,902,725
(243,589,020)
(104,686,295)
57,747,347
138,902,725
138,902,725
(243,589,020)
-
(243,589,020)
(104,686,295)
-
(104,686,295)
57,747,347
(104,686,295)
(104,686,295)
-
(46,938,948)
53,031,610
(509,848,391)
(509,848,391)
-
(456,816,781)
Note: Balance as per the confirmation statements is Rs.1,755,994,457.05. Reconcilation is presented in Schedule 33 "Notes to Accounts" point 2.2.
Schedule 11
1. Local Currency
2. Foreign Currency
Total
1,634,306,157
1,634,306,157
826,435,677
826,435,677
92
Investments
Schedule 12
TRADING
PURPOSE
OTHERS
4,603,923,845
4,603,923,845
4,494,594,116
3,310,078,588
3,310,078,588
3,498,498,924
239,654,168
239,654,168
220,280,173
7,445,826,591
7,445,826,591
10.1. NCM Mutual Fund (100,000 units @ Rs.10 & 100,000 units
issued subsequently @ Rs. 2.57. Since Matured & realized)
Provision
Net Investment
431,775,000
210,034,800
105,000,000
2,041,186
431,775,000
1,080,450,000
210,034,800
201,284,800
4,578,658,390
-
1,257,000
105,000,000
2,041,186
1,759,054
16,348,334,178
16,348,334,178
14,076,782,457
16,332,043,012
16,332,043,012
14,048,965,792
16,291,166
16,291,166
27,816,665
Schedule 93
12(A)
COST PRICE
MARKET VALUE
PROVISION
210,034,800
481,197,805
4,518,248
205,516,552
197,503,308
16,711,200
77,532,000
16,711,200
16,711,200
7,380,100
96,580,533
7,380,100
7,380,100
9,726,700
50,045,515
9,726,700
9,726,700
1,500,000
Not Listed
1,500,000
3,000,000
28,950,000
1,573,694
1,426,307
2,272,600
3,500,000
Not Listed
1,444,555
2,055,445
1,945,908
6,070,800
Not Listed
6,070,800
6,070,800
12,490,500
51,841,056
12,490,500
12,490,500
2,000,000
Not Listed
2,000,000
2,000,000
4,000,000
Not Listed
4,000,000
4,000,000
10,000,000
Not Listed
10,000,000
1,250,000
1,235,500
Not Listed
1,235,500
1,235,500
1,200,000
Not Listed
1,200,000
1,200,000
2,500,000
Not Listed
2,500,000
2,500,000
78,000,000
Not Listed
78,000,000
78,000,000
1. Investment in Shares
Total Investment
Total Provision
Not Listed
112,557,170
63,691,531
50,720,000
50,720,000
239,654,168
227,881,250
11,772,918
227,881,250
196,245,000
441,000,000
239,654,168
449,688,968
27,816,665
(11,525,499)
16,291,166
227,881,250
709,079,055
-
11,772,918
16,291,166
227,881,250
433,397,802
Note: 1. Sudur Paschimanchal Grameen Bikash Bank Limited, Madya Paschimanchal Grameen Bikash Bank Limited, Sana Kishan Bikash Bank, National Banking Training
Institute, Nepal Clearing House Limited have not declared and distributed cash dividend in the last three years.
2. Shares of Purbanchal Grameen Bikash Bank Ltd. was last traded on 25th November 2009.
196,245,000
441,000,000
834,748,308
4,562,809
23,253,856
27,816,665
94
Schedule 12.1
COST PRICE
MARKET PRICE AS AT
15-JUL-2013
THIS YEAR
PREVIOUS YEAR
PROFIT / LOSS
15-JUL-2012
Licensed Institutions
REMARKS
Schedule 12.2
COST PRICE
THIS YEAR
PREVIOUS YEAR
11,772,918
24,035,173
12,262,255
(23,253,856)
7,445,826,591
N/A
16,031,258,192
11,772,918
24,035,173
12,262,255
(23,253,856)
4,603,923,845
3,310,078,588
239,654,168
Licensed Institutions
PROFIT / LOSS
15 JULY 2012
15 JULY 2013
431,775,000
REMARKS
95
Schedule 12.3
COST PRICE
15-JUL-2012 (A)
MARKET PRICE AS AT
13-JUL-2013 (B)
THIS YEAR
INVESTMENT
ADJUSTMENT
LAST YEAR
PROFIT/ LOSS
REMARKS
RESERVE (B -A)
127,099,300
192,707,273
205,516,552
82,935,500
107,041,186
115,135,517
281,878,701
317,075,986
307,842,790
487,395,253
Note: Other Investments include investment in units of Nabil Balance Fund - Scheme 1 and shares in SWIFT. The Market Value of SWIFT is not available while Market Value of
Nabil Balance Fund - Scheme 1 is considered as Rs.10.06 per unit last traded on 15.07.2013 before the Balance Sheet date.
2.3 Doubtful
3.5 Loss *
(1,770,315)
1,770,315
1,770,315
1,760,360
1,678,537,084
2,023,819
2,023,819
44,882,701
29,951,600
554,502
127,002
14,249,597
46,906,520
29,951,600
16,954,920
1,725,443,604
29,951,600
29,951,600
1,695,492,004
1,695,492,004
UNINSURED
DEPRIVED SECTOR
4,301,058
42,870,319,468
23,022,479
23,022,479
1,184,928,499
745,013,177
17,837,735
40,483,165
377,293,364
1,207,950,978
672,364,664
52,320,157
51,289,328
431,976,829
44,078,270,446
673,396,638
104,422,437
204,961,933
982,781,008
43,095,489,438
43,095,489,438
OTHER
1,762,674,887
(10,695,131)
10,695,131
29,396,346
1,318,192
28,078,154
18,701,215
896,418
17,804,797
1,781,376,102
896,418
896,418
1,780,479,684
1,780,479,684
FOREIGN
4,301,058
46,311,531,439
12,580,852
25,046,298
12,465,446
1,260,977,861
778,043,329
18,392,237
40,610,167
419,631,070
1,273,558,713
703,212,682
52,320,157
51,289,328
466,736,546
47,585,090,152
704,244,656
104,422,437
204,961,933
1,013,629,026
46,571,461,126
46,571,461,126
TOTAL
37,760,083
20,543,049
1,025,659
1,025,659
660,377
270,236
390,141
1,686,036
1,478,530
207,506
22,229,085
1,478,530
1,478,530
20,750,555
20,750,555
FOREIGN
58,303,132
1,029,295
1,029,295
1,107,298
305,355
801,943
2,136,593
1,547,672
588,921
60,439,725
1,547,672
1,547,672
58,892,053
58,892,053
TOTAL
3,636
3,636
446,921
35,119
411,802
450,557
69,142
381,415
38,210,640
69,142
69,142
38,141,498
38,141,498
DOMESTIC
4,301,058
46,369,834,571
13,610,147
26,075,593
12,465,446
1,262,085,159
778,348,684
18,392,237
40,610,167
420,433,013
1,275,695,306
704,760,354
52,320,157
51,289,328
467,325,467
47,645,529,877
705,792,328
104,422,437
204,961,933
1,015,176,698
46,630,353,179
46,630,353,179
2,713,671
41,605,682,634
390,694,824
390,694,824
871,390,335
388,911,680
52,329,608
42,553,205
384,882,171
1,262,085,159
778,348,684
18,392,237
40,610,167
4,301,058
420,433,013
42,867,767,793
783,629,763
36,784,473
162,440,668
17,204,234
1,000,059,138
41,867,708,655
41,867,708,655
* Loan to borrower availing OD facility and outstanding at 15th July 2013 amounting NRs.1,375,966.05 is insured at DCGC. The loan is not a deprived sector loan and hence accordingly disclosed under "Loans and Advances - Other".
4.5 Loss
4.4 Doubtful
4.3 Sub-Standard
9,955
4.1 Pass
B. Total Provisioning
3.4 Doubtful
3.3 Sub-Standard
3.1 Pass
2.4 Loss
2.2 Sub-Standard
2. Non-Performing Loans
1.1 Pass
INSURED
DOMESTIC
Schedule 13
Nabil Bank Limited
1. Performing Loans
PARTICULARS
97
Schedule 13 (A)
A. Secured
1. Movable/Immovable Assets
3. Government Guarantee
7. Government Securities
8. Counter Guarantee
9. Personal Guarantee
B. Unsecured
Total
Note: Unsecured Loans, Advances and Bills Purchased represent credit card loans.
47,490,639,601
42,711,024,657
43,574,303,618
96,220,588
202,322,469
38,291,102,150
-
92,457,261
281,380,615
423,402,074
29,477,334
281,380,615
581,625,331
5,388,619
393,924,741
76,563,975
8,086,337
2,749,398,362
3,819,412,861
47,645,529,877
42,867,767,793
154,890,276
156,743,136
Total (3+4+5+6)
6. Leasehold Assets
5. Pending Capitalization
4. Land
Total Depreciation
a. Up to Previous Year
2. Depreciation
255,495,763
49,447,381
206,048,382
76,921,669
10,833,646
66,088,023
282,970,051
836,409
282,133,642
BUILDING
116,002,857
116,002,857
105,359,619
(9,575,477)
25,496,634
89,438,462
221,362,476
(13,721,919)
28,826,000
206,258,395
VEHICLES
ASSETS
MACHINERY
193,799,225
193,799,225
374,798,437
(10,647,343)
(5,566,875)
57,464,036
333,548,619
568,597,662
(7,108,307)
(11,642,168)
35,305,032
552,043,105
OFFICE EQUIPMENT
26,304,924
26,304,924
41,310,146
(3,232,223)
13,812,463
30,729,906
67,615,070
(3,232,223)
1,709,770
69,137,523
SOFTWARE
280,719,270
39,202,121
241,517,149
OTHERS
872,322,039
39,202,121
49,447,381
241,517,149
542,155,388
598,389,871
(13,879,566)
(15,142,352)
107,606,779
519,805,010
1,140,545,259
(14,874,391)
(20,830,226)
66,677,211
1,109,572,665
887,543,274
49,704,822
6,553,648
241,517,149
589,767,655
519,805,010
(38,062,620)
(12,155,940)
114,281,259
455,742,311
1,109,572,665
(41,578,548)
(21,554,180)
77,329,458
1,095,375,935
Schedule 14
Nabil Bank Limited
1. Cost Price
PARTICULARS
Fixed Assets
98
99
Schedule 15
OF BORROWER / PARTY
GRAND TOTAL
DATE OF ACQUISITION
TOTAL AMOUNT OF
OF NON BANKING
NON BANKING
ASSETS
ASSETS
LOSS PROVISION
AMOUNT
NON-BANKING
PREVIOUS YEAR
ASSETS
Other Assets
Schedule 16
1. Stock of Stationery
4. Commission Receivable
5. Sundry Debtors
7. Pre - Payments
8. Cash in Transit
14. Others
Total
382,296,328
(382,296,328)
7,553,837
6,963,113
125,808,564
-
889,159,544
152,535,579
371,152,257
(371,152,257)
363,405,605
875,339,586
813,596,213
32,516,964
-
44,574,722
175,232,174
2,150,185,391
31,639,720
-
42,575,441
138,248,894
1,548,964,565
100
Schedule 16 (A)
THIS YEAR
1 TO 3 YEAR
ABOVE 3 YEARS
TOTAL
268,538,836
58,538,569
55,218,923
PREVIOUS YEAR
UP TO 1 YEAR
382,296,328
371,152,257
Contingent Liabilities
Schedule 17
3. Rediscounted Bills
4. Guarantees/Bonds
a. Bid Bonds
b. Performance Bonds
c. Other Guarantees/Bonds
22,916,755
16,386,500
5,450,366,800
5,622,522,137
1,883,415,885
112,368,206
3,566,950,915
-
5,510,153,931
-
4,015,235,762
3,912,222,111
3,822,104,839
3,802,859,198
39,250,000
39,250,000
193,130,923
-
109,362,913
-
7,750,100,520
4,224,977,742
1,006,152,586
682,166,582
4,558,539,994
3,380,746,197
1,756,223,528
444,652,570
9. Underwriting Commitment
381,079,757
-
1,416,358,619
-
14,987,477
26,411,211,798
231,357,521
-
5,764,500,481
-
772,031
24,319,553,872
101
Interest Income
Schedule 18
B. Investment
1. Government Securities
a. Treasury Bills
b. Development Bonds
2. Foreign Securities
a. Bank/Financial Institutions
b. Other Organizations
5. Interbank Investment
a. Bank/Financial Institutions
b. Other Organizations
5,123,174,284
5,259,587,989
1,733,243,204
1,804,684,084
3,389,931,080
341,139,732
324,402,324
99,131,426
225,270,898
E. Others
1. Certificate of Deposits
Total
196,062,566
12,865,214
2,643,721
6,874,313
2,643,721
401,667
2. Foreign Banks
412,618,279
14,093,687
2. Foreign Banks
608,680,845
12,865,214
401,667
628,420,372
14,093,687
C. Agency Balances
3,454,903,905
6,874,313
54,175
-
54,175
45,107
2,969,609
33,872
1,252,820
11,235
237,362,128
1,716,789
235,822,683
180,111,282
179,588,691
5,702,122,918
6,126,854,828
57,250,846
56,233,992
102
Interest Expense
Schedule 19
A. Deposits
1. Fixed Deposits
2. Savings Deposits
3. Call Deposits
4. Certificate of Deposits
B. Borrowings
C. Others
Total
2,136,709,080
3,121,055,418
872,137,876
1,704,065,707
887,220,630
15,082,754
1,728,977,624
24,911,917
700,215,856
530,028,570
7,773,575
7,981,900
692,442,281
522,046,670
549,272,594
862,049,224
33,775,086
36,666,264
515,497,508
-
49,475,791
25,500,000
825,382,960
-
34,435,051
25,500,000
23,975,791
8,935,051
2,186,184,871
3,155,490,469
Schedule 20
2. Foreign
B. Commission
1. Letters of Credit
2. Guarantees
3. Collection Fees
4. Remittance Fees
5. Cards
6. Share Underwriting/Issue
7. Government Transactions
8. Agency Commission
9. Exchange Fee
C. Others
Total
1,971,080
2,939,727
1,511,811
2,172,659
459,269
767,068
331,755,164
311,286,271
72,268,559
64,505,196
60,880,350
2,087,571
82,430,457
54,675,012
2,093,617
76,322,396
114,088,227
113,690,050
59,324,270
393,050,514
52,161,196
366,387,194
103
Other Income
Schedule 21
6. Renewal Fees
7. Others
Total
7,332,091
6,221,644
24,851,810
24,500,317
129,941,913
129,675,292
26,966,523
22,081,049
5,671,682
15,141,047
-
209,905,066
5,239,723
13,366,841
-
201,084,866
Schedule 22
a. Revaluation
95,690,898
393,360,181
489,051,079
Personnel Expense
114,932,879
332,137,606
447,070,485
Schedule 23
1. Salary
2. Allowances
7. Insurance
215,423,061
188,078,674
16,856,445
14,411,528
203,343,659
8,737,232
14,562,204
518,738
8,356,175
103,918,643
Total
646,759,675
9. Others
75,043,518
175,189,788
8,934,625
310,394
7,332,709
48,569,949
57,885,177
500,712,844
104
Schedule 24
1. House Rent
60,878,932
54,798,007
5,427,040
6,460,664
b. Vehicles
c. Others
15,968,729
2,506,321
2,920,719
4. Insurance
10,306,216
11,176,046
10. Advertisements
11. Legal Expenses
12. Donations
b. Other Expenses
b. Other Expenses
a. Fuel Expenses
3,643,552
2,817,112
9,679,225
28,854,697
25,220,647
6,936,318
4,214,400
10,334,251
21,397,806
21,183,711
8,725,960
9,345,385
754,918
1,204,140
15,000
684,340
1,246,115
57,800
2,456,413
3,244,132
1,534,413
2,168,132
1,100,000
1,002,000
922,000
1,433,948
1,100,000
1,076,000
1,193,788
1,002,000
123,903,510
130,515,883
29,168,505
-
25,336,243
-
38,894,664
39,833,365
15,278,517
84,899,828
33,621,994
5,808,531
1,227,414
70,972,878
25,170,699
5,248,254
11,232,073
10,968,519
5,434,985
4,749,372
g. Janitorial
8,429,279
7,455,298
d. Prize Expense
f. Membership Fees
Total
14,358,884
h. Others
1,034,300
19,338,666
468,781,187
1,909,050
15,471,686
430,909,132
105
Schedule 25
26,075,593
390,694,824
638,562
2. Investments
3. Non-Banking Assets
4. Other Assets
Total
736,756
27,450,911
Non-Operating Income/(Loss)
23,253,856
413,948,680
Schedule 26
(8,102,434)
3. Dividend
20,588,465
5. Others
982,541
(2,779,613)
13,468,572
16,619,364
-
13,839,751
Schedule 27
12,465,446
3. Investments
12,262,255
Total
24,727,701
2. Non-Banking Assets
4. Other Assets
106
Schedule 28
10,441,593
16,770,964
(11,717,325)
(52,532)
(5,083,897)
(27,843,275)
Total
(17,454,214)
4. Other Income/(Expense)
(3,006,491)
(3,036,749)
Schedule 28 (A)
Total Loan
WRITTEN OFF
AMOUNT (Rs.)
TYPE OF
SECURITY
BASIS OF
SECURITY
LOAN
APPROVED
EFFORTS MADE
FOR RECOVERY OF LOANS
14,465,210
6,503,311
259,989
622,863
5,991,901
27,843,275
Notice publication,
REMARKS
1,063,040
2,224,165
Note:
Total
1,164,312
55,905,656
300,000
11,432,156
12,306,298
739,084
800,000
1,787,409
968,286
2,208,070
1,063,040
105,865
94,517
7,371
9,118
20,372
158,627
10,688
4,408
11,703
4,275
636,096
1 Loan given to employees as per Employees' Rules and against Fixed Deposits/Government Securities not presented above.
3. .
2. .....
1. .
E. Shareholders
14 Sanjay Tripathee
8 Dipendra Giri
7 Shulav Ausadhalaya
476,038
5 Prakash Dahal
2,056,602
460,151
18,983,085
55,905,656
3. .
2. .....
1. .
C. Promoters
3. .
2. .....
1. .
3. .
2. .....
1. .
A. Directors
96,964
5,051,637
6,392
708,767
1,307,986
116,121
852,254
376,656
127,775
55,593
1,335,266
36,239
31,623
5,051,637
96,433
3,689,960
44,123
1,294,311
343,383
165,617
204,711
112,264
161,318
303,692
58,028
214,789
55,196
636,096
3,689,960
1,909,457
400,000
895,674
328,217
255,531
30,035
1,909,457
ADDITIONAL
LENDING IN CY
Schedule 29
52,763,476
293,608
10,723,389
10,998,311
642,120
1,083,879
895,674
935,155
591,630
2,536,287
1,292,068
2,254,200
420,446
721,336
423,912
18,951,462
52,763,476
4,198
4,198
4,198
Statement of Loans and Advances extended to Directors/ Chief Executive/ Promoters/ Employees
and Shareholders with more than 1% Shares
107
108
Table
of Capital Fund
Nabil Bank Limited
Schedule 30(A1)
b. Operation Risk
c. Market Risk
ADD: 2% of the total RWE added under Supervisory Review as per 6.4.a.9 for
Overall Risk Management" of Capital Adequacy Framework 2007, NRB Unified Directive
ADD:.. % of the total RWE due to non compliance to Disclosure Requirement
Add: % of the total deposit due to insufficient Liquid Assets
Total Risk Weighted Exposures
1.2 Capital
AS AT 15 JULY 2013
AS AT 15 JULY 2012
57,191,503,224
50,021,684,138
5,011,133,921
89,170,240
4,088,674,543
79,167,220
62,291,807,385
54,189,525,901
1,245,836,148
1,083,790,518
63,537,643,533
55,273,316,419
As at 15 July 2013
As at 15 July 2012
2,436,841,400
2,029,769,400
6,340,748,750
74,000
609,210,350
5,139,280,637
74,000
405,953,880
2,620,500,000
2,176,500,000
44,574,722
42,575,441
(78,000,000)
(78,000,000)
1,023,765,936
947,460,587
300,000,000
300,000,000
453,370,175
413,855,853
106,222,191
94,031,164
f. Retained Earnings
704,970,278
559,829,916
2,578,000
2,578,000
Less: Loans & Facilities extended to Related Parties & Restricted Lending
Supplementary Capital (Tier 2)
h. Other Reserves
150,300,000
13,873,570
7,364,514,686
126,300,000
13,273,570
6,086,741,224
As at 15 July 2013
As at 15 July 2012
11.59%
11.01%
9.98%
9.30%
33,229,362,385
7,489,865,180
46,025,659
2,094,707,520
376,429,060
1,410,633,237
requirements
6,918,313
279,990,121
7,914,002,433
Gold
1,140,212,319
4,789,295,130
BOOK VALUE
Cash Balance
PARTICULARS
Credit Risk
203,990
SPECIFIC
PROVISION
705,778,015
c
1,140,212,319
20%
32,523,380,380
7,489,865,180
46,025,659
2,094,707,520
376,429,060
1,410,633,237
6,918,313
279,990,121
7,914,002,433
4,789,295,130
d=a-b-c
AS AT 15 JULY 2013
ELIGIBLE
NET VALUE
CRM
0%
20%
100%
20%
150%
100%
50%
100%
20%
150%
100%
50%
20%
100%
0%
150%
100%
50%
20%
0%
0%
0%
0%
0%
0%
0%
RISK
WEIGHT
32,523,380,380
1,497,973,036
23,012,829
418,941,504
376,429,060
282,126,647
f=d*e
RISK WEIGHTED
EXPOSURE
27,605,552,631
4,035,282,052
42,037,754
1,598,647,498
44,408,511
1,446,038,038
1,307,346
280,267,465
7,999,977,303
1,050,658,504
3,681,980,327
27,605,552,631
807,056,410
42,037,754
319,729,500
44,408,511
289,207,608
AS AT 15 JULY 2012
NET VALUE
RISK WEIGHTED
EXPOSURE
Schedule 30(B)
Contd.
109
Contd.
domestic counterparty
Revocable Commitments
TOTAL
Other Assets
5,408,248,181
3,566,950,915
7,750,100,520
381,079,757
76,189,370,779
b
1,863,443,857
1,024,827,559
29,984,682
2,944,555
13,346,612
965,937
802,953,366
18,201,838
84,767,486
673,977,091
397,191,864
2,484,197,941
2,194,955,058
864,878,700
98,758,145
3,237,979,245
SPECIFIC
PROVISION
168,450,830
863,005,947
94,014,070
34,015,328
29,198,534
3,398,500,085
7,750,100,520
381,079,757
d=a-b-c
73,462,920,976
4,289,406,551
29,984,682
81,822,931
673,977,091
383,845,252
2,449,216,676
1,392,001,692
864,878,700
80,556,307
3,237,979,245
1,907,792,497
AS AT 15 JULY 2013
ELIGIBLE
NET VALUE
CRM
150%
100%
50%
20%
20%
10%
0%
e
0%
100%
20%
0%
60%
150%
100%
150%
150%
100%
100%
150%
60%
100%
75%
150%
50%
100%
RISK
WEIGHT
679,700,017
775,010,052
f=d*e
50,403,130,391
4,289,406,551
122,734,397
404,386,254
383,845,252
3,673,825,014
2,088,002,538
864,878,700
80,556,307
1,942,787,547
1,430,844,373
RISK WEIGHTED
EXPOSURE
231,357,521
4,714,248,677
4,224,977,742
63,594,359,961
3,220,513,211
36,049,252
71,953,862
640,251,473
256,708,081
1,865,864,774
592,888,869
4,197,671,386
15,174,145
2,839,960,950
2,071,166,528
Contd.
942,849,735
422,497,774
44,235,622,844
3,220,513,211
107,930,793
384,150,884
256,708,081
2,798,797,162
889,333,304
4,197,671,386
15,174,145
1,703,976,570
1,553,374,896
AS AT 15 JULY 2012
NET VALUE
RISK WEIGHTED
EXPOSURE
Schedule 30(B)
Nabil Bank Limited
1,936,991,031
BOOK VALUE
PARTICULARS
Credit Risk
110
245,490,008
Total RWE for Credit Risk (After Bank's Adjustment of Pillar - II)
Add: 1% of the contract(Sale) value in case of the sale of credit with recourse
Add: 10% of the loan and facilities in excess of Single Obligor Limit
TOTAL
102,582,045,306
102,582,045,306
22,916,755
26,392,674,527
4,554,990,199
39,250,000
1,006,152,586
Financial Guarantee
1,756,223,528
Repurchase Agreements
Underwriting commitments
280,692,377
890,176,235
4,015,235,762
1,883,415,885
BOOK VALUE
domestic counterparty
domestic counterparty
PARTICULARS
1,863,443,857 4,409,978,993
1,863,443,857 4,409,978,993
334,156,534
1,125,240,630
140,346,188
338,846,652
712,140,988
727,791,224
22,916,755
96,308,622,456
96,308,622,456
22,845,701,481
4,220,833,665
39,250,000
1,006,152,586
630,982,898
245,490,008
140,346,188
178,035,247
3,676,389,110
1,155,624,661
AS AT 15 JULY 2013
ELIGIBLE
NET VALUE
CRM
- 3,546,973,046
SPECIFIC
PROVISION
200%
100%
50%
20%
100%
100%
100%
100%
100%
100%
50%
150%
100%
50%
50%
20%
150%
100%
50%
20%
50%
RISK
WEIGHT
57,191,503,224
57,191,503,224
6,788,372,833
45,833,510
844,166,733
39,250,000
1,006,152,586
630,982,898
245,490,008
70,173,094
35,607,049
1,838,194,555
577,812,331
RISK WEIGHTED
EXPOSURE
16,386,500
81,789,479,648
81,789,479,648
18,195,119,688
3,219,740,434
39,250,000
682,166,582
847,111,964
229,855,926
171,287,056
164,679,818
3,557,395,235
96,662,233
32,935,964
50,021,684,138
50,021,684,138
5,786,061,293
32,773,000
643,948,087
39,250,000
682,166,582
847,111,964
229,855,926
85,643,528
1,778,697,617
48,331,116
AS AT 15 JULY 2012
NET VALUE
RISK WEIGHTED
EXPOSURE
Schedule 30(B)
111
adequacy requirements
29,198,534
Contd.
29,198,534
705,778,015
Gold
TOTAL
SEC/G'TEE OF
FOREIGN BANKS
MDBS
G'TEE OF
BANKS
DOMESTIC
577,407,717
OTHER
SOVEREIGNS
NEPAL
128,370,299
SECURITIES
G'TEE OF
GOLD
GOVT. OF
SEC/G'TEE OF
BANKS/ FIS
WITH BANK
G'TEE OF
GOVT.& NRB
Schedule 30(C)
Nabil Bank Limited
Cash Balance
CREDIT EXPOSURES
DEPOSITS
WITH OTHER
DEPOSITS
For the period 16 July 2012 to 15 July 2013 (1 Shrawan 2069 to 31 Ashadh 2070)
CREDIT EXPOSURES
BANKS
DOMESTIC
MDBS
G'TEE OF
73,766,865
12,653,604
1,112,587,026
712,140,988
140,346,188
SEC/G'TEE OF
FOREIGN BANKS
94,014,070
34,015,328
TOTAL
338,846,652
712,140,988
140,346,188
1,125,240,630
334,156,534
4,409,978,993
260,389,669
OTHER
SOVEREIGNS
338,846,652
NEPAL
G'TEE OF
727,791,224
-
4,217,614
SECURITIES
GOVT. OF
SEC/G'TEE OF
727,791,224
GOLD
G'TEE OF
GOVT.& NRB
168,450,830
-
BANKS/ FIS
DEPOSITS
WITH OTHER
Schedule 30(C)
168,450,830
89,796,455
34,015,328
WITH BANK
DEPOSITS
For the period 16 July 2012 to 15 July 2013 (1 Shrawan 2069 to 31 Ashadh 2070)
113
114
Schedule 30(D)
YEAR 1
YEAR 2
YEAR 3
2,978,248,622
2,298,599,711
2,089,606,277
201,084,866
180,570,348
184,024,512
364,075,214
447,070,485
98,947,274
276,102,798
51,116,013
4,089,426,461
3,097,243,927
613,413,969
464,586,589
15%
290,855,057
15%
215,481,543
276,964,251
69,520,870
2,835,597,453
15%
425,339,618
501,113,392
408,867,454
5,011,133,921
4,088,674,543
10
10
5,011,133,921
4,088,674,543
10
LAST YEAR
Market Risk
10
Schedule 30(E)
CURRENCY
USD
317,152
30,430,756
30,430,756
109,652,725
EUR
29,476
3,695,656
3,695,656
2,274,283
AUD
5,649,360
2,286,373
CHF
4,337,038
3,047,060
S.NO.
4
6
8
GBP
CAD
51,781
42,987
64,995
JPY
2,335,665
CNY
59,019
DKK
42,751
7,502,036
3,960,350
5,649,360
2,257,887
4,337,038
922,467
RELEVANT OPEN
POSITION
7,502,036
3,960,350
2,257,887
922,467
3,641,860
3,143,591
1,628,899
258,190
85,457
1,437,385
1,437,385
2,812,736
INR
71,962,722
115,194,328
115,194,328
26,435,484
SAR
16,044
410,566
410,566
10
HKD
12
QAR
14
SGD
24,068
1,826,768
1,826,768
2,153,243
16
AED
4,045
105,696
105,696
109,125
44,840
138,107
138,107
69,582
11
13
15
17
18
SEK
MYR
THB
2,600
5,575
6,160
6,781
178,340,484
32,162
146,901
88,642
204,379
178,340,484
32,162
146,901
88,642
204,379
158,334,447
5%
47,981
163,480
487,287
1,508
121,040
5%
8,917,024
7,916,722
89,170,240
79,167,220
10
10
115
Principal Indicators
Schedule 31
PARTICULARS
2
4
5
6
7
8
9
10
11
12
13
14
15
16
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
2007/08
2008/09
FINANCIAL YEAR
2009/10
2010/11
2011/12
2012/13
29.68
30.56
24.11
22.29
23.74
32.66
1,355
1,815
60.00
65.00
Rs.
Times
Rs.
115.86
113.44
83.81
70.67
83.23
45.53
43.19
28.45
17.72
16.21
5,275
100.00
8.04
%
%
%
%
60.00
21.17
2.64
7.81
4,899
85.00
35.00
8.82
23.96
3.22
7.47
2,384
70.00
30.00
10.41
13.79
4.43
6.17
1,252
30.00
30.00
12.50
11.91
6.15
4.60
40.00
12.85
12.26
5.74
6.26
95.14
19.08
40.00
11.64
19.59
3.67
7.20
41.42
43.50
44.29
42.05
48.26
48.90
2.32
2.55
2.37
2.43
2.80
3.25
3.96
4.02
3.47
3.73
4.14
5.04
68.18
73.87
71.17
78.29
77.91
74.90
a. Core Capital
8.75
8.74
8.77
8.83
9.30
9.98
11.10
10.70
10.50
10.58
11.01
11.59
0.74
0.80
1.48
1.77
2.33
2.13
17
INDIC-ATORS
Liquidity (CRR)
Return on Assets
Dividend Yield
Number of Offices
Number of ATMs
%
%
Rs.
3.86
2.35
8.37
3.94
354
4.34
1.96
9.03
4.16
324
5.54
1.73
3.02
4.40
265
6.91
1.75
4.90
4.37
225
6.73
1.71
8.60
4.95
269
4.84
1.61
9.32
5.48
275
Number
6,892,160
9,657,470 14,491,240
20,297,694
20,297,694
24,368,414
Number
6,442,910
9,089,256 13,590,702
18,929,598
20,297,694
23,320,064
2.32
2.43
2.80
3.25
Number
%
%
416
29.35
92.33
2.20
1.90
505
557
33.93
30.27
79.62
89.05
2.55
2.32
1.74
2.38
3.52
2.94
657
29.02
42.45
5.64
2.40
650
30.25
71.80
6.17
4.43
742
32.78
68.32
5.24
3.58
51.14
52.11
56.31
63.50
57.16
48.60
5.74
5.98
6.21
6.61
7.71
8.33
Number
32
48
63
68
78
times
Number
15.24
28
14.01
38
13.59
49
12.73
49
10.09
52
9.56
51
81
contd.
116
NOTE:
1. Gross Income in S.N. 1 comprises of
Interest Income, Commission and Discount,
Other Operating Income and Exchange
Income.
2. EPS in S.No.2 is computed in line with
Nepal Accounting Standard (NAS) 26 Earning
Per Share that requires computation of EPS
dividing earnings attributable to equity holders
by weighted average number of shares.
Weighted average number of ordinary shares
outstanding (in S.No.23) during the period is
the number of ordinary shares outstanding at
the beginning of the period, adjusted by the
number of ordinary shares bought back or
issued during the period multiplied by a timeweighting factor. The time-weighting factor is
the number of days that the shares are
outstanding as a proportion of the total
number of days in the period. Bank's basic
and diluted EPS is same since there are no
potential ordinary shares outstanding as on the
balance sheet date.
3. Market Value per Share in S.N. 3 is the
closing price quoted in Nepal Stock Exchange
on Monday, the 15th July 2013.
117
1. CORPORATE INFORMATION
2. PRINCIPAL ACTIVITIES
3. APPROVAL OF FINANCIAL
STATEMENTS BY BOARD OF
DIRECTORS
4. RESPONSIBILITY FOR
FINANCIAL STATEMENTS
Schedule 32
5. STATEMENT OF COMPLIANCE
118
6. BASIS OF PREPARATION
7. BASIS OF CONSOLIDATION
8. SIGNIFICANT
ACCOUNTING POLICIES
119
120
121
C. Liabilities
Liabilities are present obligations of the entity
arising from past events, the settlement of
which are expected to result in an outflow
from the entity of resources embodying
economic benefits. Liabilities of the Group
and the Bank comprise of borrowings,
deposits, bills payable, dividend payable,
interest accruals, unearned income, sundry
creditors and other liabilities.
vii. Prepayments
Prepayments are the amount paid in
advance on account of provision of services in
future. Prepayments comprise of amount paid
in advance for insurance services, rental of
leased premises, communication like internet
connectivity, maintenance of services (AMCs)
and other miscellaneous services.
Prepayments are recognised as asset at
full value on the date of payment.
They are derecognised as and when
services are received or at the time service
accrues or period mature.
viii. Security Deposits
Security deposits are the amount
deposited by the Bank or the Group on
account of security of fees on services that is
being received from the provider.
They are recognised as security deposits
until the receipt of service continues and the
Bank and the Group do not have any
intentions to discontinue the service.
ix. Non Banking Assets (NBA)
Non Banking Assets of the Bank comprise
of assets or the mortgaged properties realised
from the borrowers in lieu of settlement of the
loan after exercising all efforts for settlement
in cash.
NBA is recognised lower of recoverable
amount from the market (Net Realisable
Value) and outstanding dues recoverable from
the borrower, immediately after the
ownership of assets is transferred to the Bank
at the concerned authority. The recoverable
amount from the market is estimated on the
basis of independent evaluation of the
approved Valuator. NBA is derecognized at
the time of its disposal.
i. Borrowings
Borrowings comprise of local and foreign
currencies' inter-bank borrowing and the
debentures issued to the public.
Borrowings are recorded at the full value
and recognised on the effective dates
mentioned in the deed or contract.
Borrowings are derecognised at the time of its
disposal / settlement.
ii. Deposits
Deposits of the Bank and the Group
comprise of local and foreign currencies' current
deposits, savings deposits, call deposits, time
deposits, margin deposits and other deposits of
the customers held by the Bank and the Group.
Deposits are stated at full value and
recognised on the date of deposition.
Deposits are derecognised at the time of its
withdrawal / maturity.
iii. Bills Payable
Bills payable are negotiable instruments
issued/endorsed by the Bank for
consideration received in exchange from the
customer. Bills payable comprise of manager
cheques, travellers cheques, drafts issued in
local currency and foreign currencies payable
at the counter of the Bank and the cheques
realised at Nostro banks on behalf of
customer sent for collection by endorsement.
These are recorded at full value and
recognised at the time of its issuance for the
122
123
124
Furniture
Equipments
Vehicles
Computers
Building
USEFUL
LIFE
DEPRECIATION
RATE
10 years
25%
7 years
20%
10 years
7 years
50 years
25%
25%
5%
125
126
127
Schedule 33
Notes to Accounts
1. EQUITY
NRs. 000
REGULATORY MINIMUM
NABIL BANK
Paid Up Capital
1,600,000
3,046,052
2,000,000
6,418,749
400,000
3,372,697
NRs. 000
EQUITY
ENHANCEMENT
ENHANCEMENT DURING
FINANCIAL YEAR
28,182
1984 - 85
229
11
1985 - 86
1986 - 87
1,400
1987 - 88
20,000
1991 - 92
65,426
177
15,426
130,851
1988 - 89
1992 - 93
1994 - 95
1996 - 97
131,094
1997 - 98
197,562
2007 - 08
98,858
276,531
2000 - 01
2008 - 09
483,377
2009 - 10
407,073
2012 - 13
580,645
2,436,842
*NRs.40 per share was capitalized from retained earnings to make paid up value NRs.100.
2010 - 11
128
AMOUNT
Opening balance
443,752
444,000
Closing balance
NRs. 000
AMOUNT
2,176,500
444,000
2,620,500
PARTICULARS
AMOUNT
Opening balance
13,274
1,000
Less: Transferred to Retained Earnings on account of Hospitalization expense reimbursement to staff (400)
Closing balance
13,874
Opening balance
TEMPORARY DIFFERENCE
614
6,050
NRs. 000
AMOUNT
42,575
184
1,815
44,575
129
Opening balance
NRs. 000
MOVEMENT IN RESERVE
94,031
122,581
24,081
22,071
22,071
8,750
82,936
78,000
4,936
47,735
52,775
78,000
107,041
105,000
2,041
312,558
955
1,056
9,834
29
1,056
78,000
4,141
2,100
2,041
106,222
2,357
2,075
282
106,222
AMOUNT
Opening balance
NRs. 000
AMOUNT
126,300
23,923
24,000
24,000
150,300
130
2. PROPOSED DIVIDEND
Per provisions in clause 5 of NRB directive 16/069 licensed institutions are required to maintain a
capital redemption reserve in respect of debenture liability. Regulator has approved debenture issuance
of the bank vide their letter bearing reference number Bai.Bi.Ni.Bi./Bi.R 2/Nabil Bank/9/064/65 dated
09th May 2008 (27.01.2065 B.S.). As per the approval terms the bank is required to transfer 20%
of the face value of debenture to capital redemption reserve each year, starting from the 6th year of
debenture issuance. As such the bank is required to create debenture redemption reserve starting from
financial year 2013/14.
4. ASSETS
PARTICULARS
They Debit
We Credit
They Credit
NRs. 000
LEDGER
STATEMENT
4,789,295
3,972,779
(960,500)
(288)
77,187
67,085
3,972,779
3,972,779
131
< 1 month
STATEMENT DEBIT
LEDGER CREDIT
STATEMENT CREDIT
960,500
288
67,836
19,018
Total
NRs. 000
LEDGER DEBIT
5,522
960,500
769
47,000
168
1,382
1,510
288
77,187
96
67,085
NRs. 000
LEDGER
STATEMENT
57,747
68,625
We Debit
(1,394)
We Credit
7,267
They Debit
972
(121)
They Credit
5,126
68,625
68,625
STATEMENT DEBIT
LEDGER CREDIT
000
STATEMENTNRs.
CREDIT
1,394
121
5,730
5,123
1533
AGE
< 1 month
1,394
121
4
-
7,267
3
-
5,126
132
LEDGER
STATEMENT
(104,686)
1,687,369
(427,542)
They Debit
(18,412)
We Credit
1,854,013
They Credit
383,997
1,687,369
1,687,369
NRs. 000
LEDGER DEBIT
STATEMENT DEBIT
LEDGER CREDIT
STATEMENT CREDIT
427,542
13,721
1,853,612
342,139
4,667
3,465
< 1 month
427,542
24
186
35,379
46
2,838
101
63
18,412
1,854,013
176
383,997
CURRENT YEAR
4,435,751
554,870
(235,706)
(5.0)
353,620
201,250
56.9
610,300
4,265
0.7
786,269
2,446,085
2,921,268
3,270,349
6,948,455
2,446,109
4.3
(475,183)
(16.3)
0.0
824,240
33.7
1,115,682
19.1
7,515,164
920,355
12.2
24,555,456
22,402,265
Total
47,645,530
42,867,768
8,435,519
33,962
5,832,773
6. Others
4,671,457
820,231
614,565
NRs. 000
2,153,191
4,777,762
9.6
11.1
133
NRB Directives 03/069 has set a maximum ceiling of lending to total real estate sector at 25% of gross loans and
advances. Within this total ceiling there is a separate ceiling for lending to other real estate loans for land purchasing
and plotting at 10% of gross loans and advances. As at balance sheet date, bank has mere 9% exposure under this
head. The Bank stands in compliance to this requirement.
4.6. Investments
4.6.1. Held for Trading
The Bank does not hold investments that are primarily intended for trading purpose as of balance sheet date.
TYPE OF INVESTMENTS
AT COST
IMPAIR-MENT
CURRENT YEAR
4,603,924
595,442
4,603,924
998,042
348,428
998,286
998,286
1,616,173
1,616,173
- 364 days
395,980
3,310,079
7,877,602
239,654
11,773
16,031,258
11,773
2.4
- 362 days
- 363 days
4,494,594
1,996,147
595,442
- 251 days
CHANGE (%)
998,042
- 182 days
NRs. 000
PREVIOUS YEAR
198,428
-
395,980
1,951,591
3,310,079
227,881
3,505,383
(5.6)
5,659,108
39.2
196,245
7,877,602
16,019,485
16.1
13,855,330
15.6
The Accrued Interest Receivable on treasury bills amounting to NRs.21,099 thousand on the balance sheet
date has been capitalised in the value of treasury bills, being amortisation of discount.
The increment reflected on Foreign Bonds (denominated in US $) in comparison to last year was due to
appreciation of US Dollar vis--vis NRs. No other foreign bonds were further acquired or disposed during the
current financial year.
4.6.3. Available for Sale Investments
The Bank's Available for Sale investments comprised of all investments other than held to maturity
investments and held for trading investments.
TYPE OF INVESTMENTS
1. Listed Securities
Total
AT COST
IMPAIRMENT
154,309
1,574
105,000
49,309
1,574
162,767
2,945
12,000
65,791
4,936
2,041
78,000
317,076
2,945
-
4,518
NRs. 000
NET
MARKET
152,735
586,198
INVESTMENT
47,735
105,000
VALUE
304,949
105,000
176,249
62,846
159,823
12,000
4,936
2,041
78,000
312,558
586,198
134
135
136
NRs. 000
PARTICULARS
At Cost
- opening balance
Amortization
- opening balance
NABIL BANK
SUBSIDIARY CO.
GROUP
77,144
2,625
79,769
5,976
167
90,009
2,458
(18,841)
(18,841)
808
41,112
1,327
16,297
519
(18,659)
6,143
37,942
40,304
92,467
39,269
16,816
39,202
(18,659)
1,298
40,500
PARTICULARS
NRs. 000
LOCAL CURRENCY
FOREIGN CURRENCY
92,566
92,566
29,985
95,824
125,809
29,985
3,258
TOTAL
33,243
137
NRs. 000
PARTICULARS
CURRENT YEAR
PREVIOUS YEAR
885,086
363,129
- Customers *
119,169
346,633
- Others
743,472
Account Receivables
- Employees **
6,918
15,527
4,074
889,160
1,307
15,159
30
277
363,406
* Provision on Accounts Receivable Customers amounting NRs.638 thousands has been set off with receivables from customers.
** Similarly, Provision on Accounts Receivable Employees amounting NRs.506 thousands has been set off with receivables from employees above.
PARTICULARS
Auto Loan
CURRENT YEAR
32,579
NRs. 000
PREVIOUS YEAR
25,020
Personal Loan
168,784
148,325
Total
875,340
813,596
Housing Loan
673,977
4.8.6. Prepayments
Following is the details of prepayments outstanding as on balance sheet date.
PARTICULARS
Prepaid items
- Rent
- Insurance
- Maintenance
- Communication
Total
- Others
CURRENT YEAR
7,526
640,251
NRs. 000
PREVIOUS YEAR
7,614
13,154
10,905
3,500
4,373
32,517
31,640
5,626
2,711
6,290
2,458
138
4.8.7. Others
Items presented under this head are security deposits for availing
public utility services and interest receivable on staff loans.
PARTICULARS
NRs. 000
CURRENT YEAR
PREVIOUS YEAR
173,755
136,657
Total
175,232
138,249
1,477
1,592
Interest receivable on Staff Housing Loan are realised out of proceeds from Endowment Life Policy.
Before disbursement of individual home loan to employees, an endowment life policy is purchased by
the Bank for insured sum equivalent to the principal loan amount. The insured policy is purchased for
a period earlier of 20 years or remaining service period of the employee till retirement. The employees
pay insurance premium in respect of policy on monthly basis. Upon maturity of the endowment policy,
the proceeds / bonus are applied towards settlement of interest and principal loan amount in a single
installment. Any surpluses or shortfalls are on account of concerned employees.
4.9. Bullion
As at balance sheet date, the Bank has held 309 Kilograms of gold in its possession.
The fair market value of the gold as on that date is NRs.1,223,510 thousands.
PARTICULARS
Opening balance
Closing balance
Value in USD
GOLD
160
3,750
(3,224)
(377)
309
12,751,534
1,223,510
Kilograms
SILVER
48,500
(22,500)
(26,000)
As detailed in Schedule 32 on Significant Accounting Policies, the Bank acts as an agent of the
consignor and hence does not recognise bullion stock in its books as an inventory.
5. LIABILITIES
139
NRs. 000
PARTICULARS
- foreign currency
Total
- foreign currency
CURRENT YEAR
PREVIOUS YEAR
CHANGES
8,451,849
7,417,377
1,034,472
13.9
1,988,958
1,453,493
535,465
36.8
6,214,890
14.9
6,462,890
55,157,960
47,814,777
7,343,182
63,609,808
5,963,884
47,606,318
41,599,887
6,006,431
55,023,695
VOLUME
499,006
7,551,642
1,336,751
8,586,113
8.4
15.9
22.3
15.6
PARTICULARS
- demand draft
- bill of exchange
- manager's cheque
- travellers' cheque
- bill of exchange
- manager's cheque
- travellers' cheque
NRs. 000
CURRENT YEAR
PREVIOUS YEAR
315,681
70,813
44
27
10,580
41,431
305,058
29,355
213,917
108,329
195,176
91,971
5,372
13,369
529,598
4,771
11,587
179,142
140
CURRENT YEAR
Opening balance
78,441
(310)
(1,823)
Closing balance
76,308
Gratuity obligations that have accrued after Mid July 2003 have been settled
in the same year they arose.
5.4.2. Employees Welfare / Leave Fund
Calculation for current years incremental obligation under leave liability in respect of accrued
employees leave is presented hereunder:
PARTICULARS
WEIGHTED
AVERAGE LEAVE
ACCRUED (MONTHS)
TOTAL LEAVE
OBLIGATION
37,813
1,716
64,893
As at 15-Jul-2012
As at 15-Jul-2013
NRs. 000
AVERAGE LAST
DRAWN MONTHLY
SALARY
44,830
7,017
7,017
1,821
105
105
81,653
16,760
12,043
4,718
16,760
141
Employees leave obligation increased as a result of increase in total number of weighted average leave
accrued (in months). Employees start earning leave accrual days as they spend first few years in
service. Afterwards, accrual days start to reach ceiling, if not utilized, and the pace of leave
accumulation subside. Increase in total number of weighted average leave is due to the same reason.
Salary of permanent employees at all corporate levels were raised in the current year leading to raise
in average salary.
5.4.3. Staff Bonus
In line with provision of Bonus Act 1974, employee bonus is provided as under:
NRs. 000
APARTICULARS
CURRENT YEAR
PREVIOUS YEAR
3,485,695
2,651,139
6,884
Adjusted Net profit before bonus and taxes of CY for bonus calculation
3,478,811
(316,256)
(6,884)
2,658,024
(241,639)
- on letter of credit
- on bank guarantee
CURRENT YEAR
PREVIOUS YEAR
40,369
90,144
109,805
3,172
4,903
520
93,836
155,077
142
Unearned income on guarantee and forward deals is presented under Unearned Discount and
Commission in Schedule 7 and unearned income on loans are presented under Others in the same
schedule of the Financial Statements.
5.4.5. Sundry creditors
NRs. 000
PARTICULARS
- TDS payable
- VAT payable
- Stale instruments
- Payable to Customers
- Payable to Employees
Total
- Other Payables
CURRENT YEAR
PREVIOUS YEAR
106,445
97,846
497
4,073
5,364
335,115
369,160
3,268
14,720
1,419
450,816
826
488,594
NRs. 000
CURRENT YEAR
2,399
5,074
678
20,900
2011 - 2012
12,725
41,098
In consonance of Directive 16 of NRB Unified Directives and Section 82(3) Bank and Financial
Institutions Act 2006 the Bank has published a general notice to equity holders on 1st August 2012
calling them to collect unclaimed dividends.
5.4.7. Others
Detail of items presented as S.No.13 Others in Schedule 7 is presented hereunder:
NRs. 000
PARTICULARS
CURRENT YEAR
5,632
Total
8,805
3,172
PREVIOUS YEAR
3,744
45,272
49,015
143
7. INCOME
8. EXPENSES
144
Employees expense Others NRs.75,044 thousand presented under Others in Schedule 23 comprise of
overtime expenses, dashain expense (festival allowance), funeral grant, leave encashment, vehicle
maintenance expenses and cash incentives.
NRs. 000
PARTICULARS
- funeral grant
- cash incentive
- overtime expense
- dashain allowance
CURRENT YEAR
PREVIOUS YEAR
270
135
132
896
25,337
48,409
75,044
285
798
25,455
31,212
57,885
During the current financial year, the Bank accounted leave expense of NRs.48,409 thousands in
total. Of total, NRs.16,760 thousands was to provided for incremental leave obligation (presented in
Schedule 7) while NRs.31,648 thousands was paid in cash. Per Employee By-laws, accrued leave in
excess of ceiling for accumulation are settled on every Mid April through cash.
8.2. Impairment Loss
Impairment loss on investments was recognized respectively for foreign bonds and equity investments.
Impairment loss on foreign bond was recognized as per international market price prevalent on 15th
July 2013. Impairment on equity investments was recognized on equity basis for three micro-financial
institutions based on provisional financial statement received from these institutions.
NRs. 000
PARTICULARS
- on investments
- on FCY bonds
Total
CURRENT YEAR
PREVIOUS YEAR
13,610
356,536
(12,262)
21,998
(11,525)
23,254
(214)
737
1,470
2,723
379,790
639
145
PARTICULARS
NABIL BANK
3,485,695
3,169,439
Taxable Income
NRs. 000
SUBSIDIARY CO.
31,046
(316,256)
(2,822)
20,697
807
15
28,223
16,760
182
275
614
3,308
351
(983)
(33,852)
(1,510)
(11,525)
(19,835)
3,156,284
946,885
29,031
7,258
146
8.3.3.Accounting tax is computed on accounting profit which is profit before tax (before adjustments
of temporary difference) less any permanent differences. Permanent difference in the case of Group
arose on donation (not paid to tax exempt entity) and dividend received from domestic companies (the
tax of which is final withholding tax).
PARTICULARS
NABIL BANK
3,485,695
3,169,439
SUBSIDIARY CO.
NRs. 000
INTER-CO.
GROUP TOTAL
31,046
(7,410)
3,509,331
28,223
(7,410)
3,190,253
15
3,149,620
28,223
(7,410)
3,170,433
946,885
7,258
954,143
(316,256)
ADJUSTMENTS
(2,822)
(19,835)
944,886
7,056
1,999
202
(319,078)
-
15
(19,835)
951,942
2,201
8.3.4.The relationship between tax expense and accounting profit is explained reconciling figures as under:
PARTICULARS
NABIL BANK
SUBSIDIARY CO.
3,169,439
28,223
950,832
7,056
Corporate tax
- deferred tax
30%
(5,950)
5,792
25%
GROUP TOTAL
(7,410)
3,190,253
ADJUSTMENTS
957,888
5
(5,950)
950,678
7,056
390
946,885
7,258
390
5,792
(1,999)
950,678
(202)
7,056
NRs. 000
INTER-CO.
390
5,792
958,123
954,533
(2,201)
5,792
958,123
147
8.3.5.The Banks deferred tax assets (DTA) as at 15th July 2013 rose to NRs.44,575 thousand from
last years NRs.42,575 thousands. The rise in DTA is mainly attributable to increase in leave liability.
On the other hand, Nabil Invests deferred tax liability as at 15th July 2013 reduced to nil from last
years NRs.47 thousands.
Details of temporary differences and deferred tax assets/liabilities as at 15th July 2013 are presented
below:
PARTICULARS
- carrying value
NABIL BANK
(31,854)
549,504
581,358
CURRENT YEAR
NABIL INVEST
GROUP
NABIL BANK
296
(31,558)
(34,793)
6,139
587,497
639,472
6,435
555,939
PREVIOUS YEAR
NABIL INVEST
GROUP
(330)
(35,123)
6,952
646,424
604,679
6,622
611,301
-
180,436
324
180,760
176,711
142
176,853
81,653
324
81,977
64,893
142
65,035
16,291
16,291
27,817
27,817
5,561
76,931
148,582
44,575
619
155
5,561
5,561
76,931
149,202
44,730
78,441
141,918
42,575
8.3.6.The carrying amount and tax base of fixed assets of the Bank having taxable / deductible
differences are presented as under:
PARTICULARS
Asset Class :
- vehicle
- building
- software
- leasehold
- office equipment
Total
NRs. 000
- other assets
CARRYING AMOUNT
116,003
TAX BASE
108,100
NRs. 000
TAXABLE DIFFERENCE
7,903
206,048
201,870
4,178
39,202
34,113
5,089
26,305
193,799
581,358
23,084
181,402
934
549,504
3,221
12,398
(934)
31,854
5,561
78,441
(188)
141,730
(47)
(47)
42,575
148
8.3.7.The Bank and its subsidiary have deposited advance tax in line with Income Tax Act 2002. The
amount is disclosed in the face of balance sheet by netting with income tax liabilities. The advance tax
and tax liabilities of the Bank and its subsidiary have not been offset while presenting it in
consolidated financial statements.
PARTICULARS
NABIL BANK
SUBSIDIARY CO.
51,106
(4,527)
(880,013)
(6,330)
66,873
(3,599)
Opening balance
- 1st instalment
- 2nd instalment
- 3rd instalment
Total
946,885
(51,106)
NRs. 000
GROUP
7,258
-
NRs. 000
NABIL BANK
SUBSIDIARY CO.
350,640
350,640
262,980
262,980
262,980
3,413
880,013
6,330
6,330
GROUP
262,980
9,742
886,342
8.3.8.In addition to current tax and prior period tax, the Bank has also borne dividend tax of
NRs.1,670 thousands in respect of cash and bonus dividend received from the domestic company.
Tax on dividend being final withholding tax, the dividend earnings are accounted on net basis.
Large Tax Payers Office (LTPO) conducts reassessment of each years tax filing done by the Bank
within four years after end of each year. Following reassessment, LTPO can issue reassessment order
for revision in tax liability of the bank. However, the bank may choose to contest against such
decisions. Such process would follow, in order, applying for administrative review to Director General
at Inland Revenue Department (IRD) level; case filing at Revenue Tribunal; and case filing at Supreme
Court.
Till the balance sheet date, the banks corporate tax liability up to income year 2005-06 has been
cleared by the tax authority. Further, reassessment from LTPO has been completed for up to income
year 2008-09. For the reassessment of last three years however, the bank has contested against the
upward revision in tax liability as issued by LTPO in their reassessment order. Total contested amount
for NRs.14,987 thousands in respect of these three income years has been recognized as Continent
Liability and presented in Schedule 17 of Financial Statements.
As at balance sheet date, the Banks effective interest in Nabil Invest remained at 74.29% while that
of NCI remained at 25.71%.
149
PARTICULARS
NRs. 000
CURRENT YEAR
PREVIOUS YEAR
31,046
15,794
(2,822)
(1,436)
21,167
10,769
(7,056)
(3,589)
5,443
2,769
PARTICULARS
Carrying amount
Total
SUBSIDIARY CO.
NCI'S SHARE
NRs. 000
CURRENT YEAR
PREVIOUS YEAR
CURRENT YEAR
PREVIOUS YEAR
105,000
105,000
27,000
27,000
129,165
117,975
33,214
30,336
24,165
9.49%
12,975
6,214
9.49%
3,336
150
the businesses and their importance, the Bank has re-aligned its
structure and processes in a way whereby such risks can be
minimized and assessed in a quantifiable manner. Accordingly the
Bank has set up a separate credit risk division, which is headed
by the Chief Risk Officer, one of the most senior level positions in
the Bank. The division oversees global, macro, micro and unit
level risk that arises out of daily business operation and equally
due to changes in the market conditions with that particular
business of the unit. The Banks credit functions are broadly
categorised as Large and Corporate (including infrastructure
financing), SME and Retail credit. Credit Risk Division is manned
with separate set of skills for analysing risks in these different
credit functions, all of them report to the Chief Risk Officer. Daily
report from central level and periodic review of facilities too gives
input for timely action on any relationship which warrant for
correction.
11.3.The Bank makes decision to finance by assessing the
business. It also ensures the inherent credit risks that are
associated with the business are addressed appropriately through
coverage of better safety margin, additional collateral back up and
lower exposure to keep the business at low leverage. Periodic
review of all accounts under credit exposure is one of the prudent
practices that the Bank follows in order to take necessary steps to
avert/minimize the risk. Quarterly inspection of the business and
suggestion for timely corrective actions help protecting the
business from the viewpoint of borrower as well. Besides, where
any business faces difficulties and poses a risk to the Bank in
terms of fall in the value of assets, in those circumstances it
makes adequate provision. Any business decision for credit
exposure is taken only if it is vetted and approved by the credit
risk division. Business generation unit singly cannot take a credit
exposure decision except on instrument purchase where security
is instrument itself and the loan gets settled once instrument is
realized.
11.4.Bank has the policies and operation manuals that stipulate
proper governance and procedure for all credit relationship.
Similarly monitoring of business and annual review of entire
relationship including review of the facilities gives the bank an
idea whether or not to take forward the relationship. Besides this,
periodic review of same by the Internal Audit Department also
assists in identifying the status of exposure/relationship in line
with guiding documents of the Bank. Any weaknesses on the part
of the business of borrower and the relationship strength are
independently assessed by Internal Audit and the advice is taken
positively for necessary changes. Processes are well defined where
151
152
11.13.
Head-Operation Risk,
AML & Compliance
Head Infrastructure,
Corporate, SME, PLU Credit
Head Legal
(Legal Risks)
153
During the current financial year, the Bank has availed the benefits of credit risk mitigation as under:
NRs. 000
PARTICULARS
1,602,890
1,965,074
Total
CURRENT YEAR
842,015
4,409,979
While availing the benefits of credit risk mitigation, supervisory haircuts have been assigned on case
to case basis by:
20%, in case of CRM that is deposits with other banks and financial institutions,
20% and 50%, in case of CRM that is security / guarantee of foreign banks
with ECA rating 0 - 1 and 2.
11.17. Capital Structure and Capital Adequacy:
As at balance sheet date, the Bank's capital adequacy status is as under:
11.17.1. Tier 1 capital and a breakdown of its components:
PARTICULARS
f. Retained Earnings
NRs. 000
CURRENT YEAR
2,436,841
74
609,210
2,620,500
704,970
44,575
2,578
(78,000)
6,340,749
154
NRs. 000
CURRENT YEAR
300,000
453,370
106,222
150,300
h. Other Reserves
13,874
1,023,766
* Maximum available limit is NRs.794,221 thousands being 1.25% of total risk weighted exposures.
CURRENT YEAR
57,191,503
5,011,134
89,170
-
1,245,836
63,537,644
155
NRs. 000
CURRENT YEAR
2,982,328
32,523,380
1,430,844
2,427,730
864,879
2,088,003
j. Other Assets
4,289,407
3,796,559
6,788,373
57,191,503
NRs. 000
CURRENT YEAR
7,364,515
6,340,749
1,023,766
63,537,644
9.98
11.59
Others
Fixed Deposits
16
-
Sundry Creditors
Repo
26
25
24
Net Assets
Total Liabilities
Others
Call Deposit
23
22
Others
Provisions
Bills Payable
663,933
663,933
4,029,130
220
761,957
346,666
720,191
218,911
59,432
103,373
162,806
Refinance
Borrowings:
394,765
339,436
1,084,179
4,693,063
7,010
1,157,191
22
801,912
1,634,306
(47,590)
1,140,212
Bonds / Debentures
21
20
19
18
17
Savings Deposit
15
14
Liabilities :
Total Assets
13
12
Reverse Repo
NRB Bonds
11
10
Call Money
Government Securities
Cash Balances
0 - 7 DAYS
428,969
(234,964)
6,547,993
1,142,935
1,085,030
488,280
383,875
293,892
155,060
448,952
863,498
509,155
1,626,269
6,313,029
23,804
1,761,466
124,281
2,023,569
335,825
2,044,083
8 - 30 DAYS
6,184,302
5,755,332
8,027,381
4,626,601
1,050,871
316,425
30,308
65
155,060
185,432
1,848,052
13,782,713
43,778
5,394,507
98,028
4,730,343
95,950
1,996,328
1,423,778
31 - 90 DAYS
12,283,384
6,099,082
4,666,710
2,095,090
760,794
49,172
6,434
103,373
109,807
1,651,848
10,765,792
3,135
3,213,939
73,658
4,252,443
1,337,334
1,885,284
91 - 180 DAYS
13,973,175
1,689,791
3,349,736
720,132
674,585
4,729
4,729
1,950,290
5,039,527
1,545,751
53,253
2,841,446
407,178
191,900
17,291,242
3,318,068
3,664,002
531,861
541,782
4,661
4,661
2,585,698
6,982,070
1,105,750
50,870
2,841,446
1,562,973
1,421,031
7,534,159
(9,757,084)
55,516,992
19,130,894
6,186,359
125
178,780
178,780
300,000
1,491,879
7,603,258
20,625,698
45,759,909
35,060
6,293,849
281,749
31,029,711
2,610,190
719,405
4,789,946
1 YEAR ABOVE
4,742,356
7,534,159
85,801,945
220
21,035,785
15,591,740
4,236,627
968,382
578,237
65
516,865
1,095,167
300,000
10,786,028
8,451,849
23,336,146
93,336,103
112,787
20,472,454
681,860
48,520,869
431,775
7,914,002
1,634,306
7,685,481
1,140,212
TOTAL
NRs. 000
Nabil Bank Limited
Assets :
S.NO. PERIOD:
156
157
Chairman
Director
Director
Director
Director
Director
Director
158
NRs. 000
CURRENT YEAR
PREVIOUS YEAR
922
1,076
2,456
3,244
1,534
2,168
Allowances paid to directors include Rs.15 thousand per month paid for covering newspaper and
communication expenses. Other expenses include reimbursement of travelling, accommodation and
daily allowances paid to directors who do not reside in Nepal and have to come to Nepal for
attending board meetings.
13.4.2. Compensation to Management Level Employees
During the current financial year NRs.215,421 thousands was incurred towards compensation to
Management Team. This includes NRs.1,886 thousands for additional leave expense accrued
during the year.
MANAGERIAL LEVEL
NRs. 000
HEAD
COUNT
SHORT TERM
BENEFITS
POST RETIREMENT
BENEFITS
TOTAL
BENEFITS
15,985
935
16,920
43
110,193
52
45,725
171,903
6,974
35,610
43,518
52,699
145,803
215,421
159
CURRENT YEAR
PREVIOUS YEAR
9.14%
10.69%
5.48%
4.95%
3.67%
5.74%
Annual average of loans, investments, deposits and bonds/borrowings have been taken while computing the above data.
14.2. Earnings per Share
The Banks and the Groups earnings per share has been disclosed in line with Nepal Accounting Standard (NAS) 26 on
Earning per Share in Schedule 31 "Principal Indicators". As on balance sheet date, the Banks and the Groups earnings per
share stood at NRs.95.14 and NRs.95.48 respectively. Compared to last year, these figures are higher by NRs.11.57 and
NRs.11.71 respectively.
PARTICULARS
NABIL BANK
GROUP
2,218,762
2,226,686
23,320,064
95.14
23,320,064
95.48
83.23
83.43
14.31%
14.45%
The Bank and the Group has not issued any form of capital raising instruments with embedded options of conversion into
equity shares. Consequently, the Banks and the Groups basic and diluted earnings per share both stand at NRs.95.14 and
NRs.95.48 respectively.
14.3. Non-performing assets
- restructured / rescheduled
CURRENT
YEAR
PREVIOUS YEAR
CHANGES
46,630,353
41,867,709
4,762,645
1,015,177
1,000,059
17,204
- substandard
204,962
162,441
- loss
705,792
783,630
- doubtful
104,422
47,645,530
36,784
42,867,768
15,118
NRs. 000
%
11.4
1.5
(17,204)
(100)
67,638
183.9
4,777,762
11.1
42,521
(77,837)
26.2
(9.9)
160
GROSS NPL
LOSS PROVISION
NET NPL
46,630,353
467,325
46,163,028
1,015,177
- restructured/ rescheduled
- substandard
- doubtful
Total
- loss
NRs. 000
808,370
206,807
204,962
51,289
153,673
705,792
704,760
1,032
104,422
47,645,530
52,320
1,275,695
52,102
46,369,835
NPL Ratios :
Gross NPL to Gross loans and advances
2.13%
Net NPL to Net loans and advances
0.45%
This year NPA ratio has improved to 2.13% when compared to 2.33% in the previous year.
14.4. Write off loans and interest suspense
Written off loan is presented in Schedule 28(A) of the financial statements.
Additional information on interest suspense related to such loan is presented as under:
NRs. 000
PARTICULARS
AMOUNT
27,843
14,748
NRs. 000
PRINCIPAL
INTEREST
TOTAL
678,919
266,472
945,391
706,762
281,220
987,983
27,843
14,748
42,592
(448,112)
(75,699)
(523,811)
(456,434)
(77,819)
(534,253)
234,318
164,604
398,923
(8,322)
250,328
16,010
64.58%
*The bank has relinquished its recovery rights considering remote possibility of loan recovery.
(2,120)
203,401
38,797
27.67%
(10,442)
453,730
54,807
54.08%
161
PARTICULARS
CURRENT
YEAR
PREVIOUS YEAR
CHANGES
1,275,695
1,262,085
13,610
382,296
371,152
NRs. 000
%
1.08
11,144
3.00
PREVIOUS YEAR
5,702,122,918
6,126,854,828
(92,594,687)
(101,475,564)
(173,755,044)
(136,656,764)
909,046
1,992,921
(239,364,585)
101,475,564
136,656,764
(1,992,921)
(2,909,903)
NRs.
CURRENT YEAR
2,263,079
-
(40,368,893)
5,392,441,338
(215,912,363)
56,982,150
112,624,270
(4,069,060)
2,909,903
(672,550)
40,368,893
(17,744,581)
5,865,202,083
NRs.
PARTICULARS
CURRENT YEAR
PREVIOUS YEAR
393,050,514
366,387,194
(109,805,125)
(54,643,419)
67,000,243
350,245,632
109,805,125
421,548,900
162
NRs.
PARTICULARS
CURRENT YEAR
PREVIOUS YEAR
489,051,079
447,070,485
23,663,585
512,714,664
447,070,485
NRs.
CURRENT YEAR
PREVIOUS YEAR
(2,186,184,871)
(3,155,490,469)
(38,399)
(1,108,860)
64,854
3,712,957
(3,856,189)
(2,186,301,648)
38,399
3,856,189
(4,388,033)
(3,157,092,774)
NRs.
CURRENT YEAR
PREVIOUS YEAR
(646,759,675)
(500,712,844)
(963,015,196)
(742,351,345)
(78,441,012)
(87,626,265)
(64,892,721)
(59,337,671)
(69,574)
(316,255,521)
76,931,147
81,653,026
316,255,521
(241,638,501)
(873,217,310)
(241,638,501)
78,441,012
64,892,721
69,574
241,638,501
(190,943,019)
(695,216,492)
163
PREVIOUS YEAR
(468,781,187)
(430,909,132)
6,732,393
4,745,609
123,903,510
(4,745,609)
130,515,883
(8,397,600)
(342,890,893)
(304,045,240)
CURRENT YEAR
PREVIOUS YEAR
(946,885,251)
(728,302,031)
66,872,707
51,106,490
NRs.
CURRENT YEAR
(5,791,658)
(51,106,490)
NRs.
(44,104,071)
(936,910,692)
(721,299,612)
CURRENT YEAR
PREVIOUS YEAR
20,000,000
NRs.
330,640,000
262,000,000
262,980,000
176,500,000
232,980,000
196,000,000
5,791,658
30,000,000
51,106,490
3,412,544
936,910,692
20,000,000
20,000,000
44,104,071
2,695,541
721,299,612
164
NRs.
PARTICULARS
CURRENT YEAR
PREVIOUS YEAR
(17,454,214)
(3,036,749)
(10,441,593)
(16,770,964)
(52,532)
(16,801,222)
27,843,275
Cash Outflow
3,006,491
FY 2012/13 in NRs.
CURRENT YEAR
PREVIOUS YEAR
INFLOW / (OUTFLOW)
16,332,043,012
14,048,965,792
(2,283,077,220)
(220,280,173)
19,373,995
(3,310,078,588)
(3,498,498,924)
(210,034,800)
(201,284,800)
(239,654,168)
-
(441,000,000)
(2,041,186)
(1,759,054)
12,586,525,436
9,712,702,506
16,291,166
(1,257,000)
27,816,665
(188,420,336)
8,750,000
(441,000,000)
(1,257,000)
282,132
11,525,499
(2,873,822,930)
FY 2011/12 in NRs.
PARTICULARS
SWIFT Investment
CURRENT YEAR
PREVIOUS YEAR
INFLOW / (OUTFLOW)
14,048,965,792
13,081,205,527
(967,760,265)
(3,498,498,924)
(2,255,275,527)
1,243,223,397
(201,284,800)
(192,489,000)
8,795,800
(220,280,173)
(178,059,588)
42,220,585
(441,000,000)
(570,400,000)
(129,400,000)
(1,759,054)
(1,640,373)
118,681
(1,257,000)
27,816,665
9,712,702,506
(1,257,000)
4,562,809
9,886,646,848
(23,253,856)
173,944,342
165
PREVIOUS YEAR
INFLOW / (OUTFLOW)
(46,369,834,571)
(41,605,682,634)
(4,764,151,937)
(46,411,287,993)
(41,605,682,634)
(4,805,605,359)
CURRENT YEAR
PREVIOUS YEAR
INFLOW / (OUTFLOW)
(41,605,682,634)
(38,034,097,554)
(3,571,585,080)
38,034,097,554
(3,965,286,395)
CURRENT YEAR
PREVIOUS YEAR
INFLOW / (OUTFLOW)
(2,150,185,391)
(1,548,964,565)
(601,220,826)
173,755,044
136,656,764
37,098,280
(13,610,147)
(27,843,275)
PARTICULARS
FY 2012/13 in NRs.
CURRENT YEAR
(390,694,824)
(3,006,491)
(41,999,383,949)
(13,610,147)
(27,843,275)
FY 2011/12 in NRs.
(390,694,824)
(3,006,491)
Provision on Receivables
Cash Outflow
PARTICULARS
Provision on Receivables
Cash Outflow
125,808,564
44,574,722
(638,562)
(1,806,685,623)
152,535,579
42,575,441
(1,217,196,781)
FY 2012/13 in NRs.
(26,727,015)
1,999,281
(638,562)
(589,488,842)
FY 2011/12 in NRs.
CURRENT YEAR
PREVIOUS YEAR
INFLOW / (OUTFLOW)
(1,548,964,565)
(1,201,984,291)
(346,980,274)
136,656,764
112,624,270
24,032,494
152,535,579
42,575,441
(1,217,196,781)
79,395,660
34,382,312
(975,582,049)
73,139,919
8,193,129
(241,614,732)
166
PARTICULARS
CURRENT YEAR
PREVIOUS YEAR
INFLOW / (OUTFLOW)
529,597,845
179,142,358
350,455,487
Unearned Income
1,071,099,849
(64,854)
(3,712,957)
(76,931,147)
(81,653,026)
(316,255,521)
(41,097,769)
(3,172,125)
(6,732,393)
(90,663,828)
450,816,229
1,072,481,023
(38,399)
(3,856,189)
(78,441,012)
(64,892,721)
(241,638,501)
(35,197,741)
(45,271,717)
(4,745,609)
(109,805,125)
(69,574)
488,524,435
(37,708,206)
312,747,281
FY 2011/12 in NRs.
PARTICULARS
CURRENT YEAR
PREVIOUS YEAR
INFLOW / (OUTFLOW)
179,142,358
415,767,753
(236,625,395)
1,072,481,023
859,405,624
(3,856,189)
(4,388,033)
Unearned Income
(38,399)
(1,108,860)
(78,441,012)
(87,626,265)
(241,638,501)
(190,943,019)
(45,271,717)
(22,486,191)
(109,805,125)
(54,643,419)
488,524,435
403,171,567
(64,892,721)
(35,197,741)
(4,745,609)
(69,574)
(59,337,671)
(27,302,999)
(8,397,600)
85,352,868
(151,272,527)
167
FY 2012/13 in NRs.
PARTICULARS
CURRENT YEAR
PREVIOUS YEAR
INFLOW / (OUTFLOW)
Foreign Bonds
239,654,168
220,280,173
(19,373,995)
201,284,800
(8,750,000)
3,310,078,588
210,034,800
2,041,186
3,498,498,924
1,257,000
1,759,054
441,000,000
188,420,336
1,257,000
(282,132)
441,000,000
3,761,808,742
4,364,079,951
PARTICULARS
CURRENT YEAR
PREVIOUS YEAR
INFLOW / (OUTFLOW)
Foreign Bonds
220,280,173
178,059,588
(42,220,585)
3,498,498,924
2,255,275,527
1,257,000
1,257,000
201,284,800
1,759,054
441,000,000
4,364,079,951
192,489,000
1,640,373
570,400,000
3,199,121,488
602,271,209
FY 2011/12 in NRs.
(1,243,223,397)
(8,795,800)
(118,681)
129,400,000
(1,164,958,463)
NRs.
CURRENT YEAR
PREVIOUS YEAR
(66,677,211)
(77,329,458)
(49,447,381)
(6,553,648)
7,847,648
(5,976,438)
6,553,648
(107,699,734)
(14,649,650)
2,582,168
10,200,485
(85,750,103)
168
NRs.
PARTICULARS
CURRENT YEAR
PREVIOUS YEAR
239,364,585
215,912,363
(33,213,877)
(51,060,015)
Cash Inflow
257,210,723
187,265,858
51,060,015
22,413,510
CURRENT YEAR
41,097,769
NRs.
PREVIOUS YEAR
35,197,741
(811,907,760)
(608,930,820)
Cash Outflow
(806,007,732)
(601,036,078)
(35,197,741)
(27,302,999)
169
INVESTMENT
NRS.
14,055,850,055
14,048,965,792
(6,884,263)
NRS.
6,133,739,091
6,126,854,828
(6,884,263)
NRS.
202,946,829
196,062,566
BOND
(6,884,263)
NRS.
3,505,383,187
3,498,498,924
(6,884,263)
NRS.
111,378,070
113,690,050
HOUSE RENT
2,311,980
NRS.
52,486,027
54,798,007
2,311,980
170
NRS.
5,865,202,083
5,858,317,820
(6,884,263)
NRS.
(1,171,842,726)
(1,164,958,463)
6,884,263
NRS.
14,076,850,055
14,069,965,792
(6,884,263)
NRS.
6,145,750,888
Restated Interest Income disclosed in CY's Consolidated Profit and Loss Account
6,138,866,625
(6,884,263)
NRS.
5,873,693,127
5,866,808,864
(6,884,263)
NRS.
(1,195,442,726)
(1,188,558,463)
6,884,263
STATEMENT OF LOANS
LOAN AMOUNT
REMARKS
Schedule 34
Furthermore, it has disposed 1.08% shares during F/y 2012-13. These shares can be freely traded in NEPSE. 119 such shareholders holding 465,222 shares have pledged 368,239 shares with banks / financial institutions / cooperative societies
Note: None of the promoters have borrowed money by pledging bank's shares. One of the promoters, NIDC, holding 10% shares of the Bank from the beginning, disposed 3.85% shares in F/y 2007-08 to the general public through auction.
S. No.
171
172
Schedule 35
1.4 Borrowings
2.3 Investments
AS PER AUDITED
FINANCIAL STATEMENT
IN AMOUNT
(NPR)
74,531,125
73,241,260
(1,289,865)
5,225,337
4,617,829
(607,508)
-11.63%
#DIV/0!
0.00%
2,436,841
300,000
63,609,808
3,046,052
300,000
63,609,808
54,277,667
54,277,667
66,736
66,873
9,332,141
2,892,402
9,332,141
1,600,698
609,210
-
136
(1,291,704)
74,531,125
73,241,260
(1,289,865)
1,634,306
1,634,306
5,882,569
16,348,334
5,882,569
16,332,043
(16,291)
47,645,530
46,369,835
(1,275,695)
VARIANCE.
AS PER UNAUDITED
FINANCIAL STATEMENT
872,322
872,322
IN
%
-1.73%
25.00%
0.00%
0.00%
0.20%
-44.66%
-1.73%
-0.10%
Note 7
0.00%
0.10%
5,702,123
5,702,123
0.00%
3,515,938
3,515,938
0.00%
209,905
209,905
0.00%
4,607,945
4,607,945
0.00%
468,780
468,781
393,051
489,051
646,751
393,051
489,051
646,760
(10)
3,492,414
3,492,404
2,999,714
3,464,953
490,714
24,728
(465,986)
(17,454)
492,700
17,832
27,451
13,469
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(465,250)
-94.43%
(4,364)
-24.47%
(5,111)
-0.15%
465,239
15.51%
-94.96%
3,508,260
3,503,149
3,490,806
3,485,695
(5,111)
-0.15%
950,762
950,678
(85)
-0.01%
(17,454)
316,720
2,223,323
316,256
2,218,762
(465)
(4,561)
Note 5
Note 6
2,121
2,186,185
Note 4
-2.68%
2,150,185
2,186,185
Note 3
0.00%
0.00%
2,148,064
Note 1
Note 2
0.00%
REASONS FOR
VARIANCE
Note 8
Note 9
Note 10
0.00%
-0.15%
-0.21%
Note 11
Note 12
173
NOTE:
1
2
3
4
5
6
7
8
9
10
11
12
Increase in Equity Capital as a result of proposed stock dividend @ 25% on paid up equity capital.
Impact on reserve due to stock dividend declaration of Rs. 609,210 thousand. In addition,
impact of dividend income Rs.1.9 million accounted post publication.
Impact on current tax liability due to booking of dividend (increment less reversal) giving arise to staff bonus (net) .
Provision on possible losses on Investments and Loans presented under Other Liabilities while publishing
fourth quarter unaudited financial results.
Loans, Advances and Bills reported on gross basis in fourth quarter unaudited financial results.
Booking of accounts receivable (dividend receivable) and other receivables.
Provision presented on net basis (incremental less writeback) in the Profit and Loss Account.
Additional loan loss provision of NRs.34,159 thousand booked.
Initially, dividend refund to RMDC vide instruction of CIAA was reported/adjusted directly to opening retained earning.
Considering non-applicability of NAS 2, Accounting Policiies, Changes in Accounting Estimates & Errors,
this has been reported/adjusted under extraordinary income.
Provision presented on net basis (incremental less writeback) in the Profit and Loss Account.
Proportional Impact of additional loan loss provisioning and dividend income in provision for staff bonus.
Proportional Impact of additional loan loss provisioning and staff bonus in provision for tax.
174
Schedule 4(A)
15 JULY 2013
GROUP
AS AT
13 APRIL 2012
GROUP
74,644,964
74,531,125
71,145,589
69,854,407
64,547,274
64,490,200
5,243,231
5,225,337
4,548,493
4,536,175
3,024,801
3,015,162
2,436,841
300,000
-
2,436,841
300,000
-
2,436,841
300,000
1,450,000
NABIL
NABIL
2,436,841
300,000
1,450,000
2,435,723
300,000
311,080
2,435,723
300,000
311,080
63,517,756
63,609,808
57,308,041
57,597,877
54,905,676
55,023,695
9,332,141
9,332,141
8,354,729
8,354,729
7,459,924
7,459,924
54,185,615
66,736
54,277,667
66,736
48,953,312
38,385
49,243,148
33,683
47,445,752
51,106
47,563,771
51,106
3,047,205
2,892,402
5,032,565
3,499,830
3,488,551
3,353,433
74,644,964
74,531,125
71,145,589
69,854,407
64,547,274
64,490,200
1,634,306
1,634,306
942,300
942,300
826,436
33,194
5,909,059
5,882,569
31,264
5,661,561
4,451,850
30,336
4,294,046
4,275,822
826,436
16,360,194
16,348,334
16,754,428
16,701,252
14,104,667
14,083,667
4,435,751
4,435,751
4,370,587
4,370,587
4,671,457
4,671,457
47,645,530
47,645,530
45,100,468
45,100,468
42,867,768
42,867,768
554,870
554,870
427,930
427,930
353,620
353,620
820,231
820,231
648,529
648,529
786,269
786,269
2,446,085
2,446,085
2,724,845
2,724,845
2,921,267
2,921,267
d. Term Loan
614,565
3,270,349
6,948,455
614,565
3,270,349
6,948,455
569,284
2,753,004
6,432,481
569,284
2,753,004
6,432,481
610,300
2,446,109
5,832,773
610,300
2,446,109
-
5,832,773
24,555,456
24,555,456
24,246,954
24,246,954
22,402,265
22,402,265
878,461
872,322
881,988
875,667
894,495
887,543
8,435,519
-
2,217,414
8,435,519
-
2,148,064
7,297,442
-
1,804,844
7,297,442
-
1,782,870
7,515,164
-
1,559,863
7,515,164
-
1,548,965
Contd.
175
Schedule 4(A)
Contd.
15 JULY 2013
GROUP
NABIL
5,721,591
5,702,123
4,218,025
4,204,779
6,145,751
6,133,739
3,535,290
3,515,938
2,538,048
2,525,102
2,992,811
2,978,249
2,186,301
405,255
223,080
489,051
2,186,185
393,051
209,905
489,051
1,679,977
342,176
1,679,677
332,560
110,536
342,522
100,944
342,522
3,152,940
367,676
207,296
447,070
4,652,676
4,607,945
3,333,283
3,301,129
4,014,853
476,318
468,780
345,690
338,200
432,881
652,339
646,751
394,330
390,356
505,009
3,155,490
364,075
201,085
447,070
3,990,479
500,713
428,597
3,524,019
3,492,414
2,593,262
2,572,573
3,076,963
3,061,169
3,031,319
2,999,714
2,112,973
2,092,284
2,663,014
2,647,221
490,714
490,714
305,365
305,365
492,700
10,422
492,700
17,832
480,289
1,587
480,289
1,587
413,949
9,940
413,949
13,840
-
3,532,455
3,508,260
2,419,925
2,399,236
2,672,954
2,661,060
3,515,001
3,490,806
2,426,482
2,405,793
2,669,917
2,658,024
958,271
950,762
658,147
653,445
723,698
(17,454)
319,593
(17,454)
316,720
6,557
220,589
6,557
218,708
(3,037)
243,074
(3,037)
241,639
720,109
2,237,136
2,223,323
1,547,745
1,533,639
1,703,145
1,696,276
5,558
3,627
2,769
2,231,579
2,223,323
1,544,118
1,533,639
AS AT
13 APRIL 2012
15 JULY 2013
1,700,376
1,696,276
13.29
13.17
12.93
12.85
11.18
11.01
0.45
0.45
1.17
1.17
0.38
0.38
2.13
4.36
74.42
2.13
4.36
74.43
3.40
4.59
76.60
3.40
4.59
76.33
2.33
6.85
74.69
2.33
6.85
74.65
06
SHAREHOLDER
INFORMATION
06
NB INTERNATIONAL
LIMITED
50%
30%
REPRESENTATION IN
THE BOARD OF DIRECTORS
OWNERSHIP
STRUCTURE OF NABIL
OTHER
PROMOTER
GROUP
4.93%
OTHER
ENTITIES
10%
NIDC DEVELOPMENT
BANK
5.07%
177
06
SHAREHOLDERS PROFILE
As at balance sheet date (15th July 2013), the Banks share registrar,
M/s Nabil Investment Banking Ltd. has recorded following details of shareholders:
SHAREHOLDING RANGE
NO. OF SHAREHOLDERS
1-100
4,001
216,645
501-1000
1,041
101-500
1001-2500
2501-5000
5001-10000
10001-25000
25001-50000
50001-100000
Above 100000
Total
4,683
1,212,391
1,200
1,993,479
248
751,585
867,648
89
623,457
36
549,403
12
7
11
11,328
477,541
552,209
17,124,056
24,368,414
06
STOCK SYMBOL
Nabil Banks shares are traded on the Nepal Stock Exchange Ltd. (NEPSE) with stock
symbol "NABIL" for ordinary shares and "NABILP" for promoter shares.
178
06
SPECIAL RESOLUTION
179
06
SHAREHOLDER ENQUIRIES
AND COMMUNICATION
COMMUNICATION
All information related and relevant to
shareholders that are necessary and
mandatory in accordance to law is
communicated via print media (national
daily) and electronically through Banks
official website www.nabilbank.com. The
detailed information of AGM including
agendas that will be discussed is notified
publicly through national daily 21 days
before the date of AGM. Similarly, interim
financial highlights are published within the
stipulated deadline of 30 days prescribed by
Securities Exchange Board of Nepal. These
statements along with Basel II Disclosures as
prescribed by Point 7.4(b) of Capital
Adequacy Framework 2007 (updated July
2008) under Directive 1 of NRB Unified
Directives are posted in the Banks official
website.
ENQUIRES
Any enquiries related to the shareholders of
Nabil Bank on the share register viz.,
maintenance of shareholders record, share
transfer including domestic transfer in case
of death of a shareholder, replacement of lost
share certificate, pledge of shares, dividend
warrants/bonus shares declared and ratified
by the AGM, payment against dividend/ lost
warrant should be sent at the address given
below:
Nabil Investment Banking Ltd.
Naxal, Narayan Chaur, Kathmandu, Nepal
Tel: -977-1-4411604, 4411733
Fax: -977-1-4410554
Email: nabilinvest@nabilbank.com
Web: www.nabilinvest.com.np
180
06
TAXATION ON DIVIDENDS
AND SHARES
TAXATION ON DIVIDENDS
(CASH AND BONUS DIVIDENDS)
Pursuant to Section 88(2) of the Income Tax
Act 2002, the tax on dividend received by
the shareholders of Nabil Bank from the
Nabil Bank is subject to withholding tax at
the rate of 5%. The tax is final withholding
tax as per Section 92(1)(a) of the Act and
need not require further assessment while
filing annual tax return under Section 96.
However, the dividend distributed by the
Bank from the dividend earned from the
resident company is not subject to tax at the
time of its distribution as per Section 54(3).
The Bank has received dividend
NRs.61,323 thousand from the resident
companies from financial year 2001-02 till
2012-13.
CAPITAL GAINS ON
DISPOSAL OF SHARES
Pursuant to clause (a) of Section 95A(2) of
the Income Tax Act, 2002 (amended by
Finance Ordinance 2013), the gain on
disposal of shares listed in Securities Board
of Nepal computed as per Section 37 of the
Act is subject to withholding tax at the rate
of 5%, in case, the beneficiary of the gain is
resident natural person and at the rate of
10%, in case of any other person other than
resident natural person. Shares of Nabil
Bank are listed both in Securities Board of
Nepal and Nepal Stock Exchange for the
purpose of public trading and therefore the
gain on disposal of Banks shares are subject
to withholding tax in accordance to clause
(a) of Section 95A(2).
S.N. YEAR
NRS.
FY 2001-02 (2058-59)
323,000
FY 2003-04 (2060-61)
456,000
2
4
5
6
7
8
9
10
11
12
Total
FY 2002-03 (2059-60)
FY 2004-05 (2061-62)
FY 2005-06 (2062-63)
FY 2006-07 (2063-64)
418,000
476,853
469,205
720,323
FY 2007-08 (2064-65)
1,850,862
FY 2009-10 (2066-67)
7,764,735
FY 2008-09 (2065-66)
FY 2010-11 (2067-68)
FY 2011-12 (2068-69)
FY 2012-13 (2069-70)
2,409,200
10,526,931
16,073,799
19,834,571
61,323,479
07
NABIL
INVESTMENT
BANKING LIMITED
DIRECTORS REPORT
Respected Shareholders,
On behalf of Nabil Investment Banking
Limited, I would like to welcome all the
shareholders in the Fourth Annual General
Meeting (AGM) of the Company. Nabil Bank
Limited with its mission to be the First Choice
Provider of Complete Financial Solutions
incepted "Nabil Investment Banking Ltd.
(Nabil Invest)" as a Subsidiary so as to develop
the company as Investment Banker of First
Choice in the long run introducing innovative
products and services in the Nepalese capital
market.
I will be presenting achievements of the
Company during the review FY 2012/13,
policies and strategies adopted by and future
plans of the Company in this AGM which shall
be passed after your approval. In this context,
I would like to seek your consent for
presenting audited financials of the company
for the review period including Balance Sheet,
Income Statement and Cash Flow Statement
for your approval. I request you all to discuss
and approve the same.
Now, I proceed to briefly inform the overall
capital market situations along with expansion
in financial systems of the Country during the
review fiscal year:
Commercial Banks
31
32
Finance Companies
59
70
Development Banks
Microfinance Institutions
86
Insurance Companies
31
16
31
25
88
24
16
36
25
SECURITIES MARKET:
The main glimpses of securities market of the
country during FY 2012/13 are as follows:
a. FY 2012/13 witnessed remarkable
improvements in the securities market. By the
mid of July 2013 NEPSE index reached a level
of 518.3 points with an increase of 33 percent
over the previous year same period where it
was 389.7 points.
b. During the review period securities
transactions volume recorded a significant
growth of 114.5 percent as compared to
previous year. During FY 2012/13 NEPSE
posted a transaction volume of NPR 22.05
182
SUMMARY OF FINANCIAL
INFORMATION OF FY 2012/13
A) MAJOR ACTIVITIES
183
B) FINANCIAL HIGHLIGHTS:
PARTICULARS
NPR IN THOUSAND
FY 2012/13
NPR IN THOUSAND
FY 2011/12
GROWTH (%)
105,000
105,000
Share Capital
Total Assets
284,038
253,093
Total Expenses
20,650
12,728
21,167
10,769
Total Income
Operating Profit
Proposed Dividend
51,695
31,045
15,750
1,050
12.23
28,522
81.25
15,794
96.56
10,500
1,050
62.24
96.55
50.00
-
20.16
10.26
96.57
108.01
102.36
5.52
16.39
9.13
79.54
Thank you.
On behalf of the Board
Anil Gyawali
Chairman
184
07
e) Board of Directors:
The details of Board of Directors and the Chief
Executive Officer have been presented below:
185
186
Balance Sheet
SCHEDULE
105,000,000
105,000,000
154,873,861
135,118,050
284,038,969
253,093,273
SCHEDULE
110,535,802
128,243,001
98,382,600
107,000,000
284,038,969
253,093,273
Share Capital
ASSETS
Fixed Assets
Investments
Other Assets
Total
24,165,108
6,139,204.
68,981,363
12,975,223
6,952,017
10,898,255
Schedule 12
Notes to Accounts
Schedule 13
Anil Gyawali
Kapil Adhikari
Head-Accounts
Director
Director
Chairman
Professional Independent
Director
187
Income Statement
PARTICULARS
SCHEDULE
Commission Income
12,424,269
3,601,182
Other Income
16,816,641
Income
Interest Income
Total Income
Expenses
Personnel Expenses
10
11
Depreciation Charge
22,454,763
51,695,673
5,603,220
9,466,230
14,632,926
10,287,962
28,522,070
4,296,050
6,646,989
1,992,333
1,714,052
Total Expenses
20,650,029
12,728,105
31,045,644
15,793,965
Interest Expenses
Operating Profit
3,588,246
31,045,644
2,822,331
1,435,815
14,358,150
7,257,694
3,602,948
(201,866)
15,793,965
28,223,313
7,055,828
Deferred Tax
71,014
21,167,485
3,589,538
(13,410)
10,768,612
Anil Gyawali
Kapil Adhikari
Head-Accounts
Director
Director
Chairman
Professional Independent
Director
188
PARTICULARS
SCHEDULE
Income
7,456,611
21,167,485
10,768,612
34,142,708
18,225,223
154,845
Dividend Payment
10,500,000
Total
10,654,845
Retained Earnings
23,487,863
Anil Gyawali
Kapil Adhikari
12,975,223
Director
Total
Head-Accounts
Director
5,250,000
5,250,000
12,975,223
Chairman
Professional Independent
Director
189
PARTICULARS
(26,999,123)
129,732,575
39,864,029
12,424,269
11,112,173
(26,423,317)
(14,690,627)
(9,466,230)
(6,646,989)
(7,039,035)
(3,588,246)
10,287,962
(4,296,050)
(71,014)
(6,329,806)
(3,676,574)
(58,856,151)
(5,236,448)
(58,856,151)
(5,236,448)
13,440,712
3,601,182
10,623,119
16,816,641
2. Cash Payment
25,001,317
18,416,316
10,310,690
124,658,333
3. Increase/(Decrease) in Borrowings
(2,000,000)
19,791,924
(22,576,168)
(1,179,520)
(2,496,921)
20,416,316
9,139,800
11,831,644
24,000,000
100,658,333
(23,600,000)
3,520,753
(10,500,000)
(5,250,000)
(10,500,000)
(5,250,000)
(17,707,199)
101,906,407
110,535,802
128,243,001
2. Payment of Dividend
(d) Income/(Loss) from change in exchange rate in Cash & Bank balance
(f) Opening Cash and Bank Balance
128,243,001
Anil Gyawali
Kapil Adhikari
Head-Accounts
Director
Director
26,336,594
Chairman
Professional Independent
Director
190
Rs.
PARTICULARS
SHARE
Restated Balance
TAX RESERVE
105,000,000
12,975,223
105,000,000
12,975,223
117,975,223
21,167,485
(10,500,000)
105,000,000
TOTAL
AMOUNT
117,975,223
Closing Balance
AVAILABLE
21,167,485
Adjustments:
DEFERRED
EARNINGS
RETAINED
CAPITAL
(154,845)
23,487,863
522,400
154,845
154,845
Share Capital
522,400
(10,500,000)
522,400
-
129,165,108
Schedule 1
1. Share Capital
200,000,000
200,000,000
150,000,000
150,000,000
105,000,000
105,000,000
200,000,000
150,000,000
105,000,000
200,000,000
105,000,000
105,000,000
191
Share Ownership
PARTICULARS
100.00
105,000,000
100.00
105,000,000
74.29
78,000,000
74.29
78,000,000
25.71
27,000,000
25.71
27,000,000
100.00
105,000,000
100.00
105,000,000
1. Local Ownership
1.6 Others
2. Foreign Ownership
Total
PARTICULARS
2
3
THIS YEAR
Rs.
74.29
78,000,000
25.71
27,000,000
Schedule 2
PARTICULARS
3. Retained Earnings
Total
154,845
522,400
23,487,863
24,165,108
12,975,223
12,975,223
Schedule 3
PARTICULARS
1. Accounts Payable
7. Others
Total
119,287,004
109,207,831
323,708
45,000
64,900
2,822,331
1,435,815
22,000,000
24,000,000
154,873,861
135,118,050
10,440,818
47,021
317,483
192
Schedule 4
PARTICULARS
10,000
Current Account
(4,715,934)
10,000
(7,208,372)
Cash Balance
10,000
617,987
143,808
191,316
35,392
10,000
472,052
301,922
182,864
20,310
114,238
206,194
206,355
7,787,172
18,007,439
36,881
34,863
4,806,383
4,459,769
96,513
13,512,807
107,464,564
110,215,562
2,847,395
86,497,436
851,380
583,365
31,986
5,000
1,172,332
105,559,276
73,270
909,001
277,527
5,000
84,378
84,572
19,580
13,101
534,760
2,674,975
1,672,632
7,000
-
20,056
7,874,375
696,959
306,849
163,031
7,484,490
110,535,802
7,000
70,795
-
128,243,001
Total (3+4+5+6)
6. Leasehold Assets
5. Pending Capitalization
4. Land
Total Depreciation
a. Up to Previous Year
2. Depreciation
BUILDING
1. Cost Price
PARTICULARS
Fixed Assets
2,226,622
2,226,622
1,026,505
556,655
469,850
3,253,127
3,253,127
VEHICLES
340,951
340,951
347,813
111,687
236,126
688,764
35,349
653,415
FURNITURE
ASSETS
1,326,251
1,326,251
1,956,272
622,058
1,334,214
3,282,523
502,798
2,779,725
COMPUTER &
OFFICE EQUIPMENT
947,630
947,630
349,377
182,561
166,816
1,297,007
474,600
822,407
SOFTWARE
1,297,750
1,297,750
OTHERS
6,139,204
1,297,750
4,841,454
3,679,967
1,472,961
2,207,006
8,521,421
1,012,747
7,508,674
TOTAL
6,952,017
1,650,349
5,301,668
2,207,006
984,539
1,222,467
7,508,674
2,496,921
5,011,753
Schedule 5
193
194
Investments
Schedule 6
PARTICULARS
Fixed Deposits
12,875,000
8,000,000
8,000,000
4,875,000
8,000,000
-
85,507,600
99,000,000
15,000,000
15,000,000
60,000,000
60,000,000
24,000,000
552,000
1,646,400
7,500,000
78,300
730,900
98,382,600
Other Assets
107,000,000
Schedule 7
2. Account Receivables
6. Others
Total
154,845
30,485,692
6,330,282
112,000
12,000
3,599,013
-
34,629,813
68,981,363
Commission Income
4,526,901
-
29,072
10,898,255
Schedule 8
3. Registrar to Issue
6,853,731
2,133,809
633,878
1,477,326
3,459,334
12,424,269
210,000
1,257,373
3,601,182
195
Other Income
Schedule 9
5. Miscellaneous Income
Total
9,981,575
10,161,472
925,994
2,777,982
511,200
2,619,890
16,816,641
Personnel Expenses
126,490
10,287,962
Schedule 10
1. Salary
2. Allowances
5. Training Expenses
6. Uniform Expenses
7. Dashain Expenses
2,666,914
1,946,405
222,411
171,726
1,997,282
-
156,240
314,128
275,871
106,247
233,238
Total
55,000
1,280,588
8,000
5,603,220
75,916
150,281
239,023
4,296,050
196
Schedule 11
226,245
114,551
50,000
45,000
502,705
179,485
6. Electricity
205,162
131,844
8. Advertisement Expenses
256,306
449,335
100,000
60,000
2. Communication Expenses
b. Other Expenses
5. Water
7. Janitorial
167,267
2,558
63,547
56,737
28,517
645,063
109,597
1,610
47,133
17,373
57,717
720,060
3,873,100
3,577,202
267,156
76,529
354,508
18,021
188,293
13,349
255,014
123,526
425,000
246,869
1,236,564
383,574
8,421
11,716
23.Travelling Expenses
70,000
58,615
51,202
144,475
354,477
45,570
9,466,230
20,000
36,980
31,285
2,780
-
1,181
6,646,989
197
1. CORPORATE INFORMATION
2. APPROVAL OF FINANCIAL
STATEMENTS BY THE BOARD
OF DIRECTORS
3. PRINCIPAL ACTIVITIES
AND OPERATIONS
ISSUE MANAGEMENT
During the review period, the Company, as
joint issue manager, entered into Agreements
with four commercial banks for managing
their IPOs. Of these, IPO of the following
three banks were successfully managed:
Civil Bank Limited
Commerz and Trust Bank Nepal Limited
Mega Bank Nepal Limited
Schedule 12
UNDERWRITING
The Company entered into Agreements to
undertake the underwriting commitment of
the IPOs of the following Commercial Banks:
COMMERCIAL BANKS
198
4. RESPONSIBILITY FOR
FINANCIAL STATEMENTS
5. STATEMENT OF COMPLIANCE
6. BASIS OF PREPARATION
7. SUMMARY OF PRINCIPAL
ACCOUNTING POLICIES
8. INCOME RECOGNITION
199
9. EXPENSE RECOGNITION
A. INTEREST ON BORROWINGS
Interest expenses on borrowings are
accounted for on accrual basis.
Interest assured on funds received for
Portfolio Management are accounted for
on accrual basis.
B. STAFF BONUS
Provision for staff bonus is provided for as
per the Bonus Act, 1974.
10. INVESTMENTS
Furniture
25%
15 years
Vehicles
20%
7 years
Equipments
Computers
Building
25%
40%
5%
15 years
5 years
50 years
5 years
200
201
Notes to Accounts
Schedule 13
1. PAID UP CAPITAL
The issued and paid up capital of the Company is NRs.150 Million and NRs. 105 Million
respectively. The remaining portion of the issued capital shall be issued by the Company in future in
such a manner as the Board of the Company deems appropriate. Out of paid-up capital of NRs.105
Million, Nabil Bank Limited holds NRs.78 Million while the balance of NRs.27 Million is held by
CG Finco Pvt. Ltd.
The tax liability of the Company for the review period is NRs. 7,257,694.25, detailed as under:
PARTICULARS
CURRENT YEAR
28,223,312
Tax Rate
25%
7,055,828
Current Tax
7,257,694
201,866
Deferred tax income of NRs. 201,866 has been recognised in the income statement this year on the
taxable temporary difference arising due to charge of depreciation and on creating provision for
Leave Encashment as shown hereunder:
Deferred Tax of Previous Year
ITEMS
CARRYING AMOUNT
TAX BASE
TAXABLE
TEMPORARY
DIFFERENCES
6,952,017
6,622,044
329,973
141,889
Fixed Assets
Provision for
Leave Encashment
Total
DEDUCTIBLE
TEMPORARY
DIFFERENCES
DEFERRED TAX
LIABILITY /
(ASSETS)
82,493
329,973
(141,889)
(141,888)
(35,472)
DEDUCTIBLE
TEMPORARY
DIFFERENCES
DEFERRED TAX
LIABILITY /
(ASSETS)
47,021
CARRYING AMOUNT
TAX BASE
TAXABLE
TEMPORARY
DIFFERENCES
6,139,204
6,434,875
(295,671)
323,708
Fixed Assets
Provision for
Leave Encashment
Total
(323,708)
(619,379)
(73,918)
(80,927)
(154,845)
202
RELATIONSHIP
Holding Company
An Associate Company
The Company has entered into following transactions with its related parties during F.Y.2069/70:
RELATED PARTY
TRANSACTIONS
AMOUNT
NRs.9,981,575.02
NRs.5,00,000
Fee paid
NRs.3,873,099.89
203
5. BORROWING
6. INVESTMENTS
204
12,875,000
12,875,000
4,875,000
4,875,000
75,000,000
75,000,000
60,000,000
60,000,000
15,000,000
15,000,000
7,545,000
8,000,000
7,500,000
MARKET PRICE AS
ON ASAR END 2070, NRS.
8,000,000
7,545,000
95,375,000
95,375,000
2,485,200
3,007,600
500,000
552,000
Rs. 11.04
1,646,400
Rs. 140
78,300
Not Listed
730,900
Not Listed
Total
Total Investments
78,300
730,900
2,485,200
97,860,200
3,007,600
98,382,600
7. INTEREST INCOME
The Company has earned total interest income of NRs. 22,454,763 which includes NRs.
13,269,397 earned from placement of subscription amount raised from public offers with Bankers
to the Issue and NRs. 13,269,397 received from Investment on Debentures and Bank Deposits.
8. PROPOSED DIVIDEND
The Board of Directors of the Company has decided to propose 15 percent of cash dividend for
approval in its forth coming Annual General Meeting.
205
AWARDS
WINNER
National Best Presented
Accounts Award, 2009
WINNER
National Best Presented
Accounts Award, 2010
WINNER
National Best Presented
Accounts Award, 2011
206
OFFICE NETWORK
1. KANTIPATH BRANCH
Kantipath, Kathmandu
Phone: 01-4239204, 01-4239205
Fax: 01-4239203
P.O. Box no.: 3729, Kathmandu
2. TRIPURESHWOR BRANCH
UWTC Building, Tripureshwor, Kathmandu
Phone: 01-4117014/15/16/17
Fax: 01-4117018
P.O. Box no.: 3729, KTM
3. NEW ROAD BRANCH
New Road, Kathmandu
Phone: 01-4224592, 01-4224533, 014225420
Fax: 01-4224837
P.O. Box no.: 3729, KTM
4. JORPATI BRANCH
Jorpati, Kathmandu
Phone: 01-4917498, 01-4917569
Fax: 01-4917343
P.O. Box no.: 3729, KTM
5. BIRGUNJ BRANCH
Aadarsha Nagar, Birgunj, Parsa
Phone: -051-521476, 051-521746, 051530723
Fax: 051- 523156
P.O. Box no.: 73, Birgunj
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