UTTARA BANK LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2008             Particulars Paid up Statutory Other Retained  Total   Capital Reserve Reserve Earnings   Balance as at 01 January 2008     399,329,600       550,837,039      1,100,864,198          402,526,322           2,453,557,159 Changes in accounting policy   -   -   -   -   -  Restated balance     399,329,600       550,837,039      1,100,864,198          402,526,322           2,453,557,159 Exchange equalization fund  -   -   -   -   -  Adjustment from Asset Rev. Reserve -08              38,400,949  -                 38,400,949 Transferred to Fixed Assets from asset. Rev. reserve              (54,954,140)                 (54,954,140) Asset Revaulation Reserve Govt. Securities  -   -         113,320,160  -               113,320,160 Net profit for the year   -   -                        -         1,138,518,172           1,138,518,172 Appropriations during the year:  -   -   -   -   -  Transfer to statutory reserve   -     1,000,000,000  -       (1,000,000,000)  -  Transfer to  general reserve  -   -         140,000,000         (140,000,000)  -  Issuance of bonus share  - 2007    399,329,600  -   -          (399,329,600)  -  Balance at 31 December 2008    798,659,200    1,550,837,039      1,337,631,167             1,714,894           3,688,842,300 Balance at 31 December 2007    399,329,600       550,837,039      1,100,864,198          402,526,322           2,453,557,159