UTTARA BANK LIMITED  PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2009                       2009   2008   Notes   Taka   Taka OPERATING INCOME :             Interest Income   18.1       4,492,433,245       4,084,288,089 Interest paid on deposits, borrowings etc.   19       2,790,427,461       2,200,521,205 Net Interest Income           1,702,005,784       1,883,766,884 Income from Investment.   20       1,840,039,983          784,896,516 Commission,Exchange and Brokerage   21          655,551,919          907,895,386 Other Operating Income    22          408,516,881          536,396,304 Total operating income            4,606,114,567       4,112,955,090 OPERATING EXPENSES             Salary and allowances.   23       1,535,121,729       1,272,357,540 Rent, taxes,insurance,electricity etc.   24          167,877,979          151,877,811 Legal expenses   25             8,984,031             9,429,329 Postage,stamp,telecommunication etc.   26            35,661,344           39,680,054 Stationery,printing,advertisements etc.   27            60,784,191           51,324,787 Managing Director's salary & allowances and fees 28             9,561,111             6,424,333 Directors' fees    29             2,300,000             2,264,000 Auditors' fees                    250,000                250,000 Repair, maintenance and depreciation             of Bank's property   30          124,597,235          107,256,133 Other expenses   31          147,100,378          166,472,931 Total operating expenses            2,092,237,998       1,807,336,918               Profit before  provision             2,513,876,569       2,305,618,172               Provision               325,000,000          207,500,000  Provision for loans & advances   32          320,000,000           92,550,000  Provision for off balance sheet exposures    33                         -             57,450,000  Provision for outstanding unreconciled entries  34                         -             55,000,000 Transfer to benevolent fund                 5,000,000             2,500,000 Profit before tax            2,188,876,569       2,098,118,172 Provision for Taxation           1,083,650,000          959,600,000 Current tax           1,075,000,000          940,000,000 Deferred tax                  8,650,000           19,600,000 Profit after taxation           1,105,226,569          1,138,518,172 Retained earning brought forward   16             1,714,894             3,196,722 Profit available for appropriation           1,106,941,463       1,141,714,894 Appropriations               300,000,000       1,140,000,000 Statutory reserve              250,000,000       1,000,000,000 General reserve                50,000,000          140,000,000 Retained earnings                806,941,463             1,714,894 Earning per share (EPS)   39                    69.19                   71.28 Accompanying notes 1 to 43 form an integral part of these financial statements.