It is a broadly described directors report of Dutch-Bangla Bank Limited in the year of 2004. The gross income of the Bank increased to Taka. 2366.91 million in 2004 as against Taka. The gross expenditure of the Bank stood at Taka. 1,734.50 million in 2004 as against Taka. 1,661.70 million in 2003, an increase of 4.38 percent. The operating profit for the year 2004 was Taka. 632.41 million as against Taka. 453.79 million in 2003, an increase of Taka. 178.62 million or 39.36 percent over 2003. While net profit (before tax) for 2004 stood at Taka. 499.02 million against Taka. 382.10 million in 2003, an increase of Taka. 116.92 million or 30.60 percent over 2003. 2,115.49 million in 2003, an increase of 11.88 percent. The average price of DBBL’s share at the close of 2004 was Taka. 868 per share of Taka. 100 each with the highest of Taka. 2,000 and the lowest of Taka. 396. Provision for tax made in the account during the year 2004 amounted to Taka. 262.67 million as per the existing tax law of the country.
The Board of Directors recommended cash dividend @ Tk. 22.50 per ordinary shares of Tk. 100.00 each. Dividend distribution tax @ 10% on proposed dividend. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is both functional currency and presentation currency of the Company.
More Directors Report of Dutch-Bangla Bank Limited:
- Directors Report 2004 of Dutch-Bangla Bank Limited
- Directors Report 2005 of Dutch-Bangla Bank Limited
- Directors Report 2006 of Dutch-Bangla Bank Limited
- Directors Report 2007 of Dutch-Bangla Bank Limited
- Directors Report 2008 of Dutch-Bangla Bank Limited
- Directors Report 2009 of Dutch-Bangla Bank Limited
- Directors Report 2010 of Dutch-Bangla Bank Limited
- Directors Report 2011 of Dutch-Bangla Bank Limited
