Key Indicators

NFRS based
Particulars Indicators FY FY FY FY FY
2018/2019 2019/2020 2020/2021 2021/2022 2022/2023
1. Net Profit/Gross Income Percent 46.72 39.97 34.42 42.30 44.19
2. Earning Per Share Rs. 30.39 24.81 23.92 23.92 36.75
3. Market Value Per Share Rs. 682 645 590 396 530
4. Price Earning Ratio Ratio 22.44 26.00 36.16 16.56 14.42
5. Dividend (including bonus) on Share Capital Percent 22.50 11.84 13.06 16.51 19.00
6. Cash Dividend on Share Capital Percent 22.50 4.84 3.06 16.51 19.00
7. Interest Income/Loan & Advances Percent 11.71 11.52 7.40 8.40 13.40
8. Staff Expenses/Total Operating Expenses Percent 65.89 65.48 64.06 64.74 67.89
9. Interest Expenses/Total Deposit and Percent 3.91 3.14 2.82 3.70 5.32
Borrowings
10. Exchange Fluctuation Income/Total Income Percent 16.20 14.97 18.81 12.27 7.65
11. Staff (statutory) Bonus/Total Staff Expenses Percent 35.60 28.55 21.20 28.32 35.72
12. Net Profit/Loan and Advances Percent 4.39 3.48 1.95 2.52 3.65
13. Net Profit/Total Assets Ratio 2.61 1.71 1.22 1.83 2.29
14. Total Credit/Deposit Percent 72.81 57.45 74.91 87.91 77.61
15. Total Operating Expenses/Total Assets Percent 1.76 1.45 1.43 1.59 1.50
16. Adequacy of Capital Fund on Risk Weighted
Assets
a. Core Capital Percent 18.31 16.85 15.53 14.40 14.17
b. Supplementary Capital Percent 1.38 1.66 1.64 1.55 2.92
c. Total Capital Fund Percent 19.69 18.51 17.17 15.95 17.09
17. Liquidity (CRR) Ratio 7.52 14.49 7.53 4.44 4.71
18. Non-performing Credit/Total Credit Percent 0.15 0.44 0.96 0.59 1.18
19. Base Rate Percent 7.63 7.00 5.51 8.81 9.02
20. Weighted Average Interest Rate Spread Percent 4.45 3.63 3.88 4.23 4.00
21. Book Net-worth Rs’000 14,927,075 15,102,495 16,222,118 18,135,102 20,142,691
22. Total Shares No. 80,114,307 80,114,307 85,722,308 94,294,539 94,294,539
23. Total Staff No. 531 535 504 505 504
24. Networth Per Share Rs. 186 189 189 192 214
25. Return on Equity Percent 19.49 15.15 9.44 14.21 20.78
26. Profit per Employee Rs’000 4,585 3,715 2,775 4,467 6,876

142 Standard Chartered Bank Nepal Limited - Annual Report 2022-23

Five years Financial Summary
Statement of Financial Position

As per NFRS
2075-76 2076-77 2077-78 2078-79 2079-80
Particulars (NPR’000)
2018-19 2019-20 2020-21 2021-22 2022-23
Assets
Cash and cash equivalent 12,626,985 39,244,049 26,856,975 19,139,900 16,961,548
Due from Nepal Rastra Bank 2,454,907 1,985,450 2,236,482 2,380,226 4,032,144
Placement with Bank and Financial Institutions 9,902,700 4,210,500 2,567,372 6,940,365
Derivative financial instruments 43,338 41,753 273 22,003 8,182
Other trading assets
Loan and advances to B/FIs 2,541,465 4,124,861 9,065,233 10,217,346 16,830,213
Loans and advances to customers 53,092,117 52,810,894 62,408,699 79,197,404 77,831,303
Investment securities 11,538,225 13,058,681 12,816,340 7,910,850 26,362,128
Current tax assets 50,081 171,939 124,723 113,133 152,504
Investment in subsidiaries
Investment in associates
Investment property
Property and equipment 147,736 187,148 277,099 265,322 568,144
Goodwill and Intangible assets
Deferred tax assets 71,798 36,490 51,174 10,313
Other assets 794,831 566,508 952,940 1,490,980 1,681,164
Total Assets 93,264,183 116,438,274 114,738,763 123,355,710 151,378,009

Liabilities
Due to Bank and Financial Institutions 505,840 4,246,466 8,426,450 8,223,667 4,992,295
Due to Nepal Rastra Bank 621,511 514,986
Derivative financial instruments 1,172 20,807 185 88,848
Deposits from customers 75,731,527 95,020,841 87,564,220 93,721,916 117,500,977
Borrowing 2,630,600
Current Tax Liabilities
Provisions 42,376 37,400 19,595 23,441
Deferred tax liabilities 20,066
Other liabilities 2,057,365 2,029,899 1,843,996 2,736,412 3,528,729
Debt securities issued 2,493,868
Subordinated Liabilities
Total liabilities 78,337,109 101,335,778 98,516,645 105,220,608 131,235,319

144 Standard Chartered Bank Nepal Limited - Annual Report 2022-23

Financial Statements

Continued

Equity
Share capital 8,011,431 8,011,431 8,572,231 9,429,454 9,429,454
Share premium
Retained earnings 1,807,876 1,517,920 1,776,753 2,197,903 2,710,556
Reserves 5,107,767 5,573,145 5,873,134 6,507,745 8,002,681
Total Shareholders Fund 14,927,075 15,102,495 16,222,118 18,135,102 20,142,691

Contingent Liabilities
Letter of Credit 5,237,487 4,035,714 6,386,018 8,626,379 8,866,925

Financial Statements
Guarantees 25,243,974 31,783,754 44,913,571 48,047,756 64,700,281
Forward Exchange Contracts 4,108,966 5,216,199 5,052,519 1,631,873 6,031,787
Other Contingent Liabilties 12,605,408 11,636,513 30,174,869 35,126,929 37,614,882
Total Contingent Liabilities 47,195,835 52,672,179 86,526,977 93,432,936 117,213,875

145
Five years Financial Summary
Statement of Profit or Loss

As per NFRS
2075-76 2076-77 2077-78 2078-79 2079-80
Particulars (NPR'000)
2018-19 2019-20 2020-21 2021-22 2022-23
Interest income 6,500,039 6,569,456 5,320,631 7,527,920 12,744,038
Interest expense 2,978,177 3,113,438 2,726,837 3,787,458 6,788,013
Net interest income 3,521,862 3,456,018 2,593,794 3,740,462 5,956,025
Fee and commission income 873,845 797,736 739,043 989,622 1,475,463
Fee and commission expense 45,097 40,959 38,742 56,977 191,529
Net fee and commission income 828,748 756,777 700,301 932,645 1,283,934
Net interest, fee and commission income 4,350,610 4,212,795 3,294,095 4,673,107 7,239,959
Net trading income 729,050 580,804 759,045 657,439 582,147
Other operating income 131,951 179,228 10,522 2,921 20,448
Total operating income 5,211,611 4,972,827 4,063,662 5,333,466 7,842,555
Impairment charge/(reversal) for loans and other
88,238 439,066 408,381 134,307 598,246
losses
Net operating income 5,123,373 4,533,761 3,655,281 5,199,159 7,244,308
Operating expense
Personnel expenses 1,084,359 1,104,236 1,052,255 1,267,997 1,542,790
Other operating expenses 525,696 530,301 526,332 542,074 571,026
Depreciation & Amortisation 35,691 51,856 64,105 148,643 158,785
Operating Profit 3,477,627 2,847,369 2,012,589 3,240,445 4,971,708
Non operating income 758 7,448
Non operating expense 2,950 10,612 4,998 8,490 19,539
Profit before income tax 3,474,677 2,837,515 2,007,591 3,231,955 4,959,617
Income tax expense 1,040,012 850,124 608,755 976,021 1,494,287
Current Tax 1,022,939 810,788 598,717 1,019,488 1,495,880
Deferred Tax 17,074 39,336 10,038 (43,467) (1,594)
Profit for the period 2,434,665 1,987,391 1,398,835 2,255,934 3,465,330

146 Standard Chartered Bank Nepal Limited - Annual Report 2022-23

Financial Statements

Continued

Accumulated Profit up to Previous Year 1,403,042 1,807,876 1,517,920 1,760,918 2,197,903

Adjustment to Opening Reserve
This Year's Profit 2,434,665 1,987,391 1,398,835 2,255,934 3,465,330
Others
Total 3,837,707 3,795,267 2,916,755 4,016,852 5,663,233
Accumulated Loss up to Previous Year
Current Year's Loss
General Reserve Fund 486,933 397,478 279,767 451,187 693,066
Foreign exchange fluctuation fund 28,817 40,862 1,331 4,495
Capital redemption reserve 480,000

Financial Statements
Corporate social responsibility fund 22,559 34,653
Employees' training fund
Proposed Dividend 1,402,000 1,802,572 387,753 262,310 1,556,803
Proposed Issue of Bonus Shares 560,800 857,223
Special Reserve Fund
Other Appropriations 112,080 36,436 (89,650) 225,669 183,660
Accumulated Profit/(Loss) 1,807,876 1,517,920 1,776,753 2,197,903 2,710,556

Profit Before Tax 3,474,677 2,837,515 2,007,591 3,231,955 4,959,617

Return on Shareholder's Fund 19.49% 15.15% 9.44% 14.21% 20.78%
Cost Income ratio 31.58% 33.91% 40.42% 36.72% 28.98%
Profit per employee 4,585 3,715 2,775 4,467 6,876
Dividend Cover ratio 1.35 2.10 1.25 1.45 1.93

147