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FS Q1’11 key a Glance In Mn BDT For Q1’11(Jan-Mar’11) Incremental Profit/Loss stayed Approx -3 Mill/Month. Financial Services (FS) update – Q1.

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Presentation on theme: "FS Q1’11 key a Glance In Mn BDT For Q1’11(Jan-Mar’11) Incremental Profit/Loss stayed Approx -3 Mill/Month. Financial Services (FS) update – Q1."— Presentation transcript:

1 FS Q1’11 key a Glance In Mn BDT For Q1’11(Jan-Mar’11) Incremental Profit/Loss stayed Approx -3 Mill/Month. Financial Services (FS) update – Q (As per FS) In Q1’11 actual FS Revenue as per FS Financials is 0.5 Mn ahead from Targeted revenue. This happened mainly due to higher interest income from float management, service charge through retailer, Lottery and SMS Banking Revenue. Others include Train, Lottery & Sports Ticketing. Monthly FS Revenue & Expénditure Trendz in Mn BDT * Total No. of Transaction includes BillPay, Train Ticketing Lottery & Sports Ticketing. FS Revenue Distribution - Q in Mn BDT FS Revenue as per FS Financials Q1’ 11 [Target Vs. Actual ] ParticularsQ1’ 11Q4’ 10Q3’ 10 Total No. of Transaction * in Mn Total Revenue in Mn BDT Total Expenditure in Mn BDT Avg. revenue per Transaction in BDT Avg. cost per Transaction in BDT AIPPT in BDT(5.64)(7.00)14.79

2 In Q1’11, FS Revenue slightly increased and Transaction volume increased by 22% from last quarter by higher selling of Lottery Tickets. Inspite of reduced commission income from PDB, FS revenue slightly increased due to higher interest income from float management, service charge through retailer and SMS Banking Revenue. = Growth FS Revenue Growth Qtr by Qtr in '000 BDTNo. of FS Transaction Qtr. by Qtr % +23% + 0% + 7.9% + 9.4% Financial Services (FS) update – Q (As per FS)

3 in ‘000 BDT Revenue Q1’ 2011Q4’ 2010 Call Center Utility companies 2,2482,165 Service Charge Bank Interest 3,8473,965 Consumer Fee 9,54010,105 Commission 1, SMS Banking 1, Total Revenue 20,10018,375 FS Revenue Distribution Q1 2011

4 ExpenditureQ1’ 2011Q4’ 2010 Channel Cost 13,235 14,726 Market & Communication 1,541 2,398 Personnel Cost 10,889 9,081 Other Cost 3, Total Expenditure 29,200 27,072 in ‘000 BDT In Mar 2011, Bank Guarantee Premium has been added to Bank Charges as a part of Other Cost in Q1’11, Other cost includes office running expenses, maintenance cost, Travel, Training Per diem cost, Entertainment Cost and Bank charges. = Growth FS Expenditure Qtr by Qtr in '000 BDT -108% -1285% +8% Average Cost Per Transaction in BDT -1275% -12% % (1.75) FS Expenditure Distribution Q1 2011

5 Resultantly, Average Incremental Profit per Transaction (AIPPT) in Q1’ 11 went to negative Tk. 6 from negative Tk. 7 of Q4’10. This means; Tk 1 less loss/ transactions has occurred in Q1’11from Q4’10. = Growth Qtr. By Qtr. Incremental Profit in '000 BDT +5% -145% -264% Average Incremental Profit Per Transaction in BDT -15% -145% -275% FS Incremental Profit Q1 2011

6 Reconciliation: ERP vs. FSAmount in BDT Q As per FS (Normalized) As per GP Financial Statements Variance +/(-) Reason for Variances YTD Revenue 20,099,620 6,324,172(13,775,448) Income from Bank Interest on Float Management, Service Charge income through Retailers and Call Center Revenue from 1200 Port not considered as FS Revenue in GP Financial Statement. Bank Interest is booked as negative Financial Cost in GP Financials. Call Center Revenue booked as part of Customer Support Revenue since Individual revenue is not considered for 1200 port in GP ERP or GP level Financials.  Service charge income through Retailers totally not considered as GP Revenue since it has no impact on GP Financials. Revenue-Q1'1120,099,620 6,324,172(13,775,448) -Do- Expenditure-Q1'11 29,200,350 15,682,933(13,517,417) The variance is due to consideration of Service Charge income through retailers also as expenditure in FS Financials and Interest income from float management booked as negative Financial cost in GP Financials. FS Profit/(Loss) - Q1'11(9,100,730)(9,358,761) FS Profit/(Loss) per Txn (5.64) (5.80) Reconciliation: FS P&L vs. GP Financial Statement


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