This document provides an overview and analysis of BRAC's financial statements for 2011. BRAC is a large non-governmental organization operating in Bangladesh and several other countries, working in various development sectors including microfinance, education, health, and more. The summary includes BRAC's balance sheet, statement of income and expenditures, statement of cash flows, and notes on significant accounting policies and details of assets, liabilities, income sources, and expenditures.

2. Overview of BRAC
Vision Mission Values
Innovation Integrity Inclusiveness Effectiveness

3. Governing
body
Executive Director
Managing director
Enterprise and investment
Deputy Executive Director
BRAC International
CFO
Finance and accounts
BRAC
Finance and accounts
BRAC International
Procurements, estates
and management
services
Afghanistan, Sri Lanka, Tanzania,
Pakistan etc.
Micro finance , Education ,
health, human rights, Human
resource etc.
Aarong, BRAC fisheries ,
BRAC bank, BRAC salt ,
BRAC poultry etc.

4. Analysis of financial statements,2011

5. Cash in hand and at banks
Advance, deposits and prepayments
Inventories
Grants and accounts receivable
Microfinance loans
Motorcycle loans
Investments in securities and others
Investments in related undertakings
Property, plant and equipment

6. Liabilities
Liabilities for expenses and materials
Bank overdrafts
Term loans
Members’ savings deposits
Members project & current account
Grants received in advance account
Securitised financing
Deferred income
Other long term liabilities
Provision for taxation

7. Amount Percentage
Unrestricted capital fund 25,679,805,212 96.67%
Temporarily restricted
capital fund
858,916,687 3.33%
Capital fund 26,538,721,899
BRAC
(Registered in Bangladesh under the Societies Registration Act, 1860)
Balance Sheet
as at 31 December 2011
BRAC
(Registered in Bangladesh under the Societies Registration Act, 1860)
Statement of Income and Expenditure
for the year ended 31 December 2011

8. BRAC
(Registered in Bangladesh under the Societies Registration Act, 1860)
Statement of Changes in Net Assets
for the year ended 31 December 2011
The annexed notes form an integral part of these statements.
BRAC
(Registered in Bangladesh under the Societies Registration Act, 1860)
Statement of Cash Flows
for the year ended 31 December 2011

9. Incomes
Expenditures
unrestricted Temporarily
restricted
permanently
restricted
unrestricted
Temporarily
restricted

10. Source of income Percentage
Donor grants
(99.98% temporarily restricted)
29.4%
Revenue from Income Generating Projects 21.5%
Revenue from Program Support Enterprises 9.88%
Service charges on microfinance loans 34.7%
Interest on bank accounts and fixed deposits 10.72%
Investment income 16%
Other income 15.20%
Income from House Property .27%

11. Expenditure scopes Unrestricted : temporarily restricted Percentage
Income Generating Projects Fully unrestricted 20.62%
Program Support Enterprises Fully unrestricted 10.25%
House Property Fully unrestricted .26%
Education Program 1:46 11.14%
Ultra Poor Program 1:39 6.94%
Community Empowerment Program 1:43 .52%
Human Rights and Legal Services Fully temporarily restricted .44%
Health Program 1:28 8.9%
Water, Sanitation and Hygienic Program Fully temporarily restricted 2.69%
Gender, Justice and Diversity Program 1:9 .32%
Micro Finance Program Fully unrestricted 34.07%
Food Security and Climate Change 1:11 1.54%
Other Development Projects 1.48 1.31%
Grants Fully unrestricted .99%

12. Summary of notes to financial statements
1. Introduction to BRAC
2. Significant accounting policies
Basis of preparation of financial statements
• Temporarily restricted net assets
• Unrestricted net assets
Functional and presentation currency
Foreign currency transactions and translations
Translation gains and losses
Donor Grants
Revenue Recognition
Expenses
Property, plant and equipment
Microfinance loans
Provision for Loan Losses

13. Loans written off
Securitization of Micro Finance Loans
Provision for Liabilities
Investment in Related Undertakings
Investment in Securities and Others
Accounts Receivable
Inventories
Motorcycle Replacement Fund
Self - Insurance Funds
Employee Gratuity and Redundancy Fund
Employee Provident Fund
Taxation
Impairment of Assets
Goodwill
Financial Instruments
Investments in Related Undertakings
Receivables
Payables
Interest-Bearing Borrowings

14. Cash in hand and at banks
Related parties
Contingent liability
Events after the balance sheet date
Implementation of MRA Regulations 2010
Comparative Figures
3. Cash in hand and at banks
4. Advance, deposits and prepayments
5. Inventories
6. Grants and accounts receivable
7. Microfinance loans
8. Motorcycle Loans
9. Investments in securities and others
10. Investments in related undertakings
11. Property, plant and equipment
12. Liabilities for expenses and materials
13. Bank overdrafts
14. Term loans

15. 15. Members’ savings deposits
(a) Compulsory savings
(b) Voluntary savings
(c) Term deposits
Rules for Savings withdrawals
16. Grants received in advance account
17. Securitized financing
18. Deferred income
18.1 Investment in Fixed assets
18.2 Motorcycle Replacement Fund
19. Other long term liabilities
20. Donor grants
21. Interest on bank accounts and fixed deposits
22. Investment income
23. Other income
24. Grants
25 Taxation

16. 26. Related Party Disclosures
27. Foreign currency denominated monetary assets and liabilities
28. Financial Instruments
a) Financial Risk Management Objectives and Policies
b) Interest Rate Risk
c) Foreign Exchange Risk
d) Liquidity Risk
e) Credit Risk
29. Schedule of donation received
30. Segmental financial information
31. Statement of Functional Expenses
Balance sheet converted to USD
Statement of Income and Expenditure Converted to USD
Contribution of BRAC to Government Excheque
Grant Composition 2010-2011r