BALANCE SHEET
ASSETS
Cash
Balance with other banks
Lending to financial institutions
Investments_ net
Advances net
Operating fixed assets
Other assets_net
Deferred tax assets_net
TOTAL ASSETS
LIABILITIES
Deposits and other accounts
Borrowings from financial inst.
Bills payable
Other liabilities
Deferred tax liabilities
Sub ordinated loans
Liabilities against assets
TOTAL LIABILITIES
NET ASSETS
OWNER'S EQUITY
Share capital
Reserve
Unappropriated profit
Surplus on revaluation of assets
TOTAL OWNER'S EQUITY
TOTAL OWNER'S EQUITY &
LIABILITIES
2009
2010
38,774,871
6,009,993
3,000,000
167,134,465
253,249,407
18,014,896
23,040,095
0
509,223,727
(Rupees in thousands)
45,407,183
1,478,569
4,401,781
213,060,882
254,551,589
20,947,540
27,705,069
0
567,552,613
367,604,711
44,662,088
8,201,090
15,819,082
3,196,743
0
0
439,483,714
69,740,013
431,371,937
25,684,593
10,265,537
16,092,319
4,934,018
0
0
488,348,404
79,204,209
6,911,045
38,385,760
15,779,127
61,075,932
8,664,081
69,740,013
7,602,150
40,162,906
21,414,955
69,180,011
10,024,198
79,204,209
509,223,727
567,552,613
BALANCE SHEET
ASSETS
Cash
Balance with other banks
Lending to financial institutions
Investments_ net
Advances net
Operating fixed assets
Other assets_net
Deferred tax assets_net
TOTAL ASSETS
LIABILITIES
Deposits and other accounts
Borrowings from financial inst.
Bills payable
Other liabilities
Deferred tax liabilities
Sub ordinated loans
Liabilities against assets
TOTAL LIABILITIES
NET ASSETS
OWNER'S EQUITY
Share capital
Reserve
Unappropriated profit
Surplus on revaluation of assets
TOTAL OWNER'S EQUITY
TOTAL OWNER'S EQUITY &
LIABILITIES
2009
2010
7.61%
1.18%
0.59%
32.82%
49.73%
3.54%
4.52%
0.00%
100.00%
8.00%
0.26%
0.78%
37.54%
44.85%
3.69%
4.88%
0.00%
100.00%
72.19%
8.77%
1.61%
3.11%
0.63%
0.00%
0.00%
86.30%
13.70%
76.01%
4.53%
1.81%
2.84%
0.87%
0.00%
0.00%
86.04%
13.96%
1.36%
7.54%
3.10%
11.99%
1.70%
13.70%
1.34%
7.08%
3.77%
12.19%
1.77%
13.96%
100.00%
100.00%
BALANCE SHEET
ASSETS
Cash
Balance with other banks
Lending to financial institutions
Investments_ net
Advances net
Operating fixed assets
Other assets_net
Deferred tax assets_net
TOTAL ASSETS
LIABILITIES
Deposits and other accounts
Borrowings from financial inst.
Bills payable
Other liabilities
Deferred tax liabilities
Sub ordinated loans
Liabilities against assets
TOTAL LIABILITIES
NET ASSETS
OWNER'S EQUITY
Share capital
Reserve
Unappropriated profit
Surplus on revaluation of assets
TOTAL OWNER'S EQUITY
TOTAL OWNER'S EQUITY & LIABILITIES
2009
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
2010
117.10%
24.60%
146.73%
127.48%
100.51%
116.28%
120.25%
111.45%
117.35%
57.51%
125.17%
101.73%
154.35%
111.12%
113.57%
110.00%
104.63%
135.72%
113.27%
115.70%
113.57%
111.45%
PROFIT & LOSS ACCOUNT
Mark-up/return/interest earned
Mark-up/return/interest expensed
Net mark-up/interest income
Provision against non-performing loans and advances
Provision for diminution in the value of investments
Bad debts written off directly
Provision for potential lease losses
Net mark-up/interest income after provisions
NON MARK-UP/INTEREST INCOME
Fee commission and brokerage income
Dividend income
Income from dealing in foreign currencies
Other income
Gain on Investments
Gain / Loss on trading in government securities
Total non-mark-up/interest income
NON MARK-UP/INTEREST EXPENSES
Administrative expenses
(Reversal) / Other provisions
Other charges
Total non-mark-up/interest expenses
PROFIT BEFORE TAXATION
Taxation current year
prior year
Deferred
PROFIT AFTER TAXATION
Unappropriated profit brought forward
Transferred from surplus on revaluation of fixed Assets
Profit available for appropriation
Basic and diluted earnings per share after tax
Number Of shares Outstanding
2009
51,616,007
15,837,322
35,778,685
1,484,218
5,796,527
2010
(Rupees in thousands)
54,821,296
17,987,767
36,833,529
444,476
3,100,594
41,576
0
7,322,321
28,456,364
52,047
0
3,597,117
33,236,412
3,455,948
459,741
341,402
612,026
0
773,768
5,642,885
34,099,249
4,129,540
543,906
632,346
547,680
0
411,834
6,265,306
39,501,718
10,111,330
142,824
690,150
10,944,304
23,154,945
7,703,305
-2,232,226
2,188,569
7,659,648
15,495,297
9,193,332
22,324
9,215,656
24,710,953
12,173,942
88,261
986,440
13,248,643
26,253,075
8,027,433
0
1,352,467
9,379,900
16,873,175
15,779,127
21,792
15,800,919
32,674,094
(Rupees)
22.38
22.2
(In Numbers)
692372520
760052928
s in thousands)
PROFIT & LOSS ACCOUNT
Mark-up/return/interest earned
Mark-up/return/interest expensed
Net mark-up/interest income
Provision against non-performing loans and advances
Provision for diminution in the value of investments
Bad debts written off directly
Provision for potential lease losses
Net mark-up/interest income after provisions
NON MARK-UP/INTEREST INCOME
Fee commission and brokerage income
Dividend income
Income from dealing in foreign currencies
Other income
Gain on Investments
Gain / Loss on trading in government securities
Total non-mark-up/interest income
NON MARK-UP/INTEREST EXPENSES
Administrative expenses
(Reversal) / Other provisions
Other charges
Total non-mark-up/interest expenses
PROFIT BEFORE TAXATION
Taxation current year
prior year
Deferred
PROFIT AFTER TAXATION
Unappropriated profit brought forward
Transferred from surplus on revaluation of fixed Assets
Profit available for appropriation
Basic and diluted earnings per share after tax
2009
2010
100.00%
30.68%
69.32%
2.88%
11.23%
0.08%
0.00%
14.19%
55.13%
100.00%
32.81%
67.19%
0.81%
5.66%
0.09%
0.00%
6.56%
60.63%
6.70%
0.89%
0.66%
1.19%
0.00%
1.50%
10.93%
66.06%
7.53%
0.99%
1.15%
1.00%
0.00%
0.75%
11.43%
72.06%
19.59%
0.28%
1.34%
21.20%
22.21%
0.16%
1.80%
24.17%
14.92%
-4.32%
4.24%
14.84%
30.02%
17.81%
14.64%
0.00%
2.47%
17.11%
30.78%
28.78%
0.04%
17.85%
47.87%
0.04%
28.82%
59.60%
0.00%
0.00%
PROFIT & LOSS ACCOUNT
2009
2010
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
106.21%
113.58%
102.95%
29.95%
53.49%
125.19%
100.00%
100.00%
49.13%
116.80%
100.00%
100.00%
100.00%
100.00%
119.49%
118.31%
185.22%
89.49%
100.00%
100.00%
100.00%
53.22%
111.03%
115.84%
Profit available for appropriation
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
120.40%
61.80%
142.93%
121.06%
113.38%
104.21%
0.00%
61.80%
122.46%
108.89%
171.64%
97.62%
171.46%
132.23%
Basic and diluted earnings per share after tax
100.00%
99.20%
Mark-up/return/interest earned
Mark-up/return/interest expensed
Net mark-up/interest income
Provision against non-performing loans and advances
Provision for diminution in the value of investments
Bad debts written off directly
Provision for potential lease losses
Net mark-up/interest income after provisions
NON MARK-UP/INTEREST INCOME
Fee commission and brokerage income
Dividend income
Income from dealing in foreign currencies
Other income
Gain on Investments
Gain / Loss on trading in government securities
Total non-mark-up/interest income
NON MARK-UP/INTEREST EXPENSES
Administrative expenses
(Reversal) / Other provisions
Other charges
Total non-mark-up/interest expenses
PROFIT BEFORE TAXATION
Taxation current year
prior year
Deferred
PROFIT AFTER TAXATION
Unappropriated profit brought forward
Transferred from surplus on revaluation of fixed Assets
Liquidity Ratios
Current Ratio = Current Assets/Current Liabilities
Year
current assets
current liabilities
current ratio
2009
2010
468,168,736
518,900,004
420,467,889
467,322,067
1.113447063
1.110369145
1.114
1.112
1.11
1.108
Quick Ratio/Acid Test Ratio/Liquid Ratio = Liquid Asset/Current Liabilities
Liquid Asset= Current Assets-Inventories-Prepaid Expenses
Year
liquid assets
current liabilities
Quick ratio
2009
2010
468,168,736
518,900,004
420,467,889
467,322,067
1.113447063
1.110369145
1.114
1.112
1.11
1.108
Cash Ratio= (Cash+Cash equilent+Marketable securities)/Current Liabilities
2009
Year
Cash+Cash equilent+M.S.
current liabilities
Cash Ratio
2010
44,784,864
46,885,752
420,467,889
467,322,067
0.11
0.10
Net Wokring Captial= Current Assets-Current Liabilities
Year
current assets
current liabilities
Net Wokring Captial
2009
2010
468,168,736
518,900,004
420,467,889
467,322,067
47700847.00
51577937.00
Cash Ratio
0.11
0.11
0.10
0.10
0.10
0.10
0.10
2009
Long-Term Debt Paying Ability
Debt Ratio= Total Liabilities/Total Assests
Year
Total Liabilities
Total Assests
Debt Ratio
2009
2010
439,483,714
488,348,404
509,223,727
567,552,613
0.863046419
0.86044605
Debt to Equity Ratio= Total Liabilities/ Owner's Equity
Year
Total Liabilities
Owner's Equity
2009
2010
439,483,714
488,348,404
69,740,013
79,204,209
0.864
0.863
0.862
0.861
0.86
0.859
Debt to Equity Ratio
0.859
6.30
6.17
2009
2010
69,740,013
79,204,209
0.14
509,223,727
567,552,613
0.14
0.14
0.14
Proprietary Ratio= Total Equity / Total Assets
Year
Total Equity
Total Assets
Proprietary Ratio
0.14
0.14
0.14
Debt to Tangiable Networth= Total Liabilities/ Owner's Equity-Intengiable Assest
Year
Total Liabilities
Owner's Equity-Intengiable Assest
Debt to Tangiable Networth
2009
2010
439,483,714
488,348,404
61,075,932
69,180,011
7.20
7.06
0.14
Return on A
Analysis of Profitability
3.05%
Return on Asset= (Net Profit after tax/ Total Assets) x100
Year
Net Profit after tax
Total Assets
Return on Asset
3.00%
2009
2010
2.95%
15,495,297
16,873,175
2.90%
509,223,727
567,552,613
3.04%
2.97%
2009
Return on Eq
Return on Equity= (Net Profit after tax/ Equity) x100
22.50%
Year
Net Profit after tax
Equity
External Internal Equity Ratio
2009
2010
15,495,297
16,873,175
69,740,013
79,204,209
22.22%
21.30%
22.00%
21.50%
21.00%
20.50%
21.00%
20.50%
2009
Return on Investment = (Net Profit after tax/ Investment) x100
Year
Net Profit after tax
Investment
Return on Investment
2009
2010
15,495,297
16,873,175
Return on Fixed Assets =( Net Profit after tax/Fixed Assets) x100
Year
Net Profit after tax
Fixed Assets
Return on Fixed Assets
2009
2010
15,495,297
16,873,175
18,014,896
20,947,540
86.01%
80.55%
Return on Fixed
88.00%
86.00%
84.00%
82.00%
80.00%
78.00%
76.00%
2009
Net Profit Ma
Net Profit Margin= (Net Profit after Tax/ Interest Income) x100
Year
Net Profit after tax
Interest Income
Net Profit Margin
46.00%
2009
2010
45.00%
15,495,297
16,873,175
44.00%
35,778,685
36,833,529
43.31%
45.81%
43.00%
42.00%
2009
Interest Income to Total Income=(Interest Income/ Total Income) x100
Year
Interest Income
Total Income
Interest Income to Total Income
2009
2010
35,778,685
36,833,529
41,421,570
43,098,835
86.38%
85.46%
Interest Income t
Income
86.50%
86.00%
Interest Expense to Total Expense=(Interest Expense/ Total Expense) x100
Year
Interest Expense
Total Expense
Interest Expense to Total Expense
2009
2010
15,837,322
17,987,767
23,159,643
21,584,884
68.38%
83.34%
Return on Advances= (Interet Income/Total Loans) x100
Year
Interet Income
Total Loans
Return on Advances
85.50%
85.00%
2009
Interest Expe
100.00%
2009
2010
35,778,685
36,833,529
80.00%
60.00%
40.00%
20.00%
0.00%
Analysis For Investor
Earning P
Earning P
Earning Per Share= Net Profit after Tax/ Number of Share Outstanding
Year
Net Profit after Tax
Number of Share Outstanding
Earning Per Share
2009
2010
15,495,297
16,873,175
692,372,520
760,052,928
0.02238
0.0222
0.0224
0.0223
0.0222
in 1000's
0.0221
Price Earning Ratio= Market Price Share/Earning per share
Market price per share of PKR470 4th Jan.2009
Year
Market Price Share
Earning per share
Price Earning Ratio
2009
2010
470
470
22.38
21.00
22.2
21.17
Dividend Per
2.00
in rupees
Dividend Per Share= Total Dividend/ Number of Share Outstanding
Year
Total Dividend
Number of Share Outstanding
Dividend Per Share
1.50
2009
2010
842,950,000
1,288,871,000
692,372,520
760,052,928
1.22
1.70
1.00
0.50
0.00
in rupees
2009
Diviend Yeild=Dividend Per Share/ Market Price Per Share
Year
Dividend Per Share
Market Price Per Share
Diviend Yeild
2009
2010
1.22
1.70
470
0.002595745
470
0.003617021
Dividend PayOut
0.10
0.08
Dividend PayOut Ratio= Dividend per Common Share/ Earning per share
Year
Dividend per Common Share
Earning per share
Dividend PayOut Ratio
0.06
2009
2010
1.22
1.7
22.38
22.2
0.05
0.08
0.04
0.02
0.00
2009
Current Ratio
1.114
1.112
1.11
1.108
2009
2010
Liquid Asset
1.114
1.112
1.11
1.108
2009
2010
Cash Ratio
Net Wokring Captial
55000000.00
2010
50000000.00
45000000.00
2009
2010
Debt to Equity Ratio
Debt Ratio
6.35
6.30
6.25
6.20
6.15
6.10
6.05
2009
2010
6.10
6.05
2009
Proprietary Ratio
0.14
0.14
7.30
7.20
7.10
7.00
6.90
0.14
0.14
0.14
0.14
2009
2010
Return on Asset
2009
2010
Return on Equity
2010
Debt to Tangiable
Networth
2009
2010
2009
2010
Return on Fixed Assets
2009
2010
Net Profit Margin
2009
2010
Interest Income to Total
Income
2009
2010
Interest Expense to Total
Expense
2009
2010
Earning Per Share
Earning Per Share
Price Earning Ratio
2009
2010
21.20
21.15
21.10
21.05
21.00
20.95
20.90
Dividend Per Share
2009
2010
Diviend Yeild
0.004
0.003
2009
2010
0.002
0.001
Dividend PayOut Ratio
2010
0
2009
2010
