SONALI BANK LIMITED
Comparative Profit and Loss Account
								Annexure -H
Particulars		Sonali Bank Limited 03 June  2007 to 31 December 2007		Sonali Bank            01 January 2007 to 30 June 2007		Sonali Bank Limited & Sonali Bank 01 January  2007 to 31 December 2007		Sonali Bank 01 January 2008 to 31 December 2008
		Taka		Taka		Taka		Taka
Interest income		8,962,089,341		7,762,205,240		16,724,294,581		13,101,861,774
Interest paid on deposits and borrowings etc.		(6,625,390,799)		(7,566,209,481)		(14,191,600,280)		(13,965,929,070)
Net interest income		2,336,698,542		195,995,759		2,532,694,301		(864,067,296)
Investment income		2,377,198,075		1,298,631,541		3,675,829,616		6,681,712,326
Commission, exchange and brokerage		2,821,623,855		2,359,194,378		5,180,818,233		6,631,481,325
Other operating income		129,334,647		-		129,334,647		206,004,480
Total operating income		7,664,855,119		3,853,821,678		11,518,676,797		12,655,130,835
Salary and  allowances		2,693,914,354		1,958,049,581		4,651,963,935		5,822,279,517
Rent, taxes, insurance, electricity etc.		113,406,989		219,604,254		333,011,243		353,703,034
Legal expenses		19,380,515		18,072,901		37,453,416		31,184,696
Postage, stamp, telecommunication etc.		43,308,866		45,486,297		88,795,163		73,688,961
Stationery, printings, advertisements etc.		108,029,739		22,034,405		130,064,144		136,441,211
Chief executive's salary and fees		215,040		215,040		430,080		8,903,225
Directors' fees		281,600		410,250		691,850		1,076,040
Auditors' fees		1,570,000		-		1,570,000		980,000
Charges on loan losses		-		-		-		-
Amortization of Intangible Assets		-		-		-		3,500,000,000
Depreciation and repair of bank's assets		93,292,244		40,819,843		134,112,087		198,848,129
Other expenses		344,457,081		372,917,286		717,374,367		911,141,928
Total operating expenses		3,417,856,428		2,677,609,857		6,095,466,285		11,038,246,741
Profit/(Loss) before provision		4,246,998,691		1,176,211,821		5,423,210,512		1,616,884,094
Provision for loan		4,973,973,133		12,924,420,491		17,898,393,624		-
Provision for diminution in value of Investments		-		38,748,046		38,748,046		-
Other provisions		1,107,196,301		17,680,616,414		18,787,812,715		280,483,707
Total provision		6,081,169,434		30,643,784,951		36,724,954,385		280,483,707
Total Profit/(Loss) before taxes		(1,834,170,743)		(29,467,573,130)		(31,301,743,873)		1,336,400,387
Provision for Taxation		2,807,750,863		-		2,807,750,863		974,714,115
Current Tax		(1,062,785,439)		-		(1,062,785,439)		(727,597,843)
Deferred Tax		3,870,536,302		-		3,870,536,302		1,702,311,958
Net Profit  after Taxation		973,580,120		(29,467,573,130)		(28,493,993,010)		2,311,114,502
Retained Surplus/(Deficit)  brought forward from previous year		-		(36,275,634,028)		(36,275,634,028)		778,864,096
Retained Surplus  before Appropriation		973,580,120		(65,743,207,158)		(64,769,627,038)		3,089,978,598
Appropriations:								-
Statutory Reserve		194,716,024		-		194,716,024		121,760,509
General Reserve		-		-		-		20,000,000
Dividends etc.		-		-		-		-
		194,716,024		-		194,716,024		141,760,509
Retained Surplus/(Deficit)		778,864,096		(65,743,207,158)		(64,964,343,062)		2,948,218,089
Less: Transferred to Intangable Asset Valuation Adjustment A/C						(65,743,207,158)
						778,864,096