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.