Financial Report Pdf

Syful Shamsul Alam & Co. Chartered Accountants

Hoda Vasi Chowdhury & Co. Chartered Accountants

Financial Statements & Auditors’ report

Of

Sonali Bank Limited For the year ended 31 December 2012

Auditors’ Report to the Shareholders of Sonali Bank Limited

We have audited the accompanying consolidated financial statements of Sonali Bank Limited (SBL) and its subsidiaries (the “Group”) as well as the financial statements of Sonali Bank Limited (“the Bank”) which comprise the Balance Sheet as at 31 December 2012 and Profit & Loss account, Statement of Changes in Equity and Cash Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory information. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these consolidated financial statements of the group and also the financial statements of the Bank in accordance with Bangladesh Financial Reporting Standards (BFRS), Bank Companies Act 1991, the rules and regulations issued by the Bangladesh Bank, the Companies Act 1994, the Securities and Exchanges Rules 1987 and other applicable laws and regulations. This responsibility includes; designing, implementing and maintaining internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies, and making accounting estimates that are reasonable in the circumstances. Auditors’ Responsibility Our responsibility is to express an opinion on these consolidated financial statements of the Group and the financial statements of the Bank based on our audit. We conducted our audit in accordance with Bangladesh Standards on Auditing (BSA). Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated...