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F

CY06

INANCIAL TATEMENT

CY07

Growth
Billion Rs.
Share Capital (SC)
9.5 12
Reserves (RS)
5.4 15 177.80%
Un Appropriated Profit (RE)
15.6 40.7 160.90%
Others (MISC)
.8 0.4 -50.00%
Total Shareholders Equity
31.3
(SE)
68.1 117.60%

26.3%

Financial Statement
2012 Analysis of Financial Sector

S
F

A
INANCIAL ECTOR
S
2008-2012

TATISTICS AND
EPARTMENT
DWH

Financial Statement Analysis of Financial Sector

Vision and Mission Statements of State Bank of Pa

Vision

To Transform SBP into a modern and dynamic

professional and efficient, fully equipped to pla

sustainable basis, in the economic and social d

Mission

To promote monetary and financial stability an


dynamic financial system, so as to achieve sus

economic growth and prosperi

ii

2012
ment Analysis of Financial Sector

s of State Bank of Pakistan

a modern and dynamic central bank, highly

t, fully equipped to play a meaningful role, on


economic and social development of Pakistan.

nd financial stability and foster a sound and


m, so as to achieve sustained and equitable

c growth and prosperity in Pakistan.

Financial Statement Analysis of Financial Sector

Team Leader

Shamsul Arifeen

Sr. Joint Director

Team Members
?

Zia-ul-Qamar

Azam Ali

Shahid Latif

Muhammad Saeed

Joint Director
Assistant Director

iii

ment Analysis of Financial Sector

2012

r. Joint Director
shamsul.arifeen@sbp.org.pk

Joint Director
ziaulqamar@sbp.org.pk
Joint Director
Azam.Ali@sbp.org.pk

Joint Director
shahid.latif@sbp.org.pk
Assistant Director
Muhammad.Saeed2@sbp.org.pk

Financial Statement Analysis of Financial Sector

CONTENTS

Preface
Executive Summary
Introduction
1.1 Methodology
1.2 Concepts and Definitions
1.3 Performance Indicators
Review and Financial Analysis of:
Banks
Development Finance Institutions (DFIs)
Leasing Companies
Investment Banks
Mutual Funds (Close Ended)
Modaraba Companies
Exchange Companies
Insurance Companies
Housing Finance
Venture Capital

Appendix
Explanatory Notes

iv

2012
ment Analysis of Financial Sector

v
vi
1.
2.
3.
14.

25.
72.
83.
97.
107.
125.
154.
181.
239.
242.

245.
250.

Financial Statement Analysis of Financia

Preface

The financial sector, one of the most important components


around 5% in the Gross Domestic Product essentially requires a sound, stable an
economic well being of the country and its populace.
Pakistan s financial

sector represents a well-developed integration of institutions

nature including
Banks, DFIs, Investment Banks, Leasing Companies, Mo
Finance, Mutual Funds, Insurance Companies, Exchange Companies and Ventur
and transparency in information on business activities of financial institutions are
importance to all stakeholders.

An overview of business and financial conditions of financial institutions is presen


manner in form of financial statements. For large financial institutions, the financia
often complex and are prepared under international accounting standards. These
include an extensive set of notes to the financial statements. The notes typically d
the balance sheet, income statement and cash flow statement in further detail.

The stakeholders and users, on the other hand, require financial indicators that c
on how well the company is performing and what may happen in future. In order t
needs of the users, Statistics & Data Warehouse Department carries out analysis
all financial institutions on annual basis. Every endeavour is made to select usefu
financial statements and compute ratios that can provide valuable clues about the
these institutions. The analysis is published in form of this publication namely
Analysis of Financial Sector. The publication co vers analysis of financial stateme
for the period 2008-12.

It is hoped that the publication will provide a tool to researchers, policy makers an
the activities and performance of financial sector in Pakistan. Comments on the a
further improvements of the publication are very welcome.

(Dr Azizullah Khattak)


Director
Statistics & DWH Department

2012
inancial Statement Analysis of Financial Sector

of the countrys
having
economy
a share of
ntially requires a sound, stable and robust financial system for

Banks, Leasing Companies, Modaraba Companies, Housing


Exchange Companies and Venture Capital. Disclosure
vities of financial institutions are therefore of immense

of financial institutions is presented in a structured


e financial institutions, the financial statements are
nal accounting standards. These statements usually
statements. The notes typically describe each item on
ow statement in further detail.

require financial indicators that can provide information


t may happen in future. In order to meet the growing
e Department carries out analysis of the financial statements of
ndeavour is made to select useful and accurate data from
provide valuable clues about the financial health of
form of this publicationFinancial
namely Statements
ers analysis of financial statements of financial institutions

to researchers, policy makers and investors to understand


in Pakistan. Comments on the analysis and suggestions for

Financial Statement Analysis of Financial Sector

Executive Summary

Financial statements analysis of 180 companies from 10 sectors namely B


companies, Investment Banks, Mutual Funds, Modarabas, Exchange companies,
Housing Finance and venture capital are included in this publication for the period
The balance sheet size of the banking sector expanded in CY12 and total assets

from Rs. 8.3 trillion in CY11 to Rs. 9.9 trillion in CY12 showing an increase of 19.3
before taxation increased by 6.7 percent in CY12 over the previous year.

The balance sheet size of DFIs increased


Shareholders
during 2012.
equ
0.9 percent over the last year. The profit before taxation decreased by 25.8 perce
taxation by 34.0 percent during the year.

Outlook of leasing sector in the country has not been encouraging during FY12. A

by 0.3 percent from Rs 33.8 billion in FY11 to Rs 33.7 billion in FY12. The sector
before taxation of Rs. 27.0 million in FY12 as compared to Rs. 407.2 million in FY

The performance of investment banks has deteriorated over the year. Analysis re
balance sheet size squeezed by 35.8 percent in FY12 over FY11. The aggregate

same. Losses before and after tax have been Rs. 2.3 billion and Rs. 2.0 billion re
Gross revenue also witnessed a decrease of 34.3 percent during FY12.

Balance sheet size of Mutual Funds contracted by 6.1 percent in FY12 over FY
decreased from Rs. 25.9 billion in FY11 to Rs. 24.3 billion in FY12. Net income w
FY12 as compared to Rs. 4.3 billion for FY11.

Modaraba Companies performed well during FY12. Total assets increased from R
FY11 to Rs 29.5 billion in FY12 showing an increase of 12.1 percent. Total equity
increase of 4.0 percent in FY12 over FY11. Profit before and after taxation increa
& 16.2 percent respectively in FY12 over FY11.

vi

2012
ment Analysis of Financial Sector

ies from 10 sectors namely Banks, DFIs, Leasing


odarabas, Exchange companies, Insurance companies,
d in this publication for the period 2008-12.

panded in CY12 and total assets of the sector grew

CY12 showing an increase of 19.3 percent. Profit


2 over the previous year.

ity registered a reduction of


axation decreased by 25.8 percent and profit after

been encouraging during FY12. Asset base decreased

33.7 billion in FY12. The sector showed profit


mpared to Rs. 407.2 million in FY11.

orated over the year. Analysis revealed that their


FY12 over FY11. The aggregate share capital remained

s. 2.3 billion and Rs. 2.0 billion respectively in FY12.


3 percent during FY12.

d by 6.1 percent in FY12 over FY11. Total assets


4.3 billion in FY12. Net income was Rs. 2.6 billion in

12. Total assets increased from Rs. 26.4 billion in


ease of 12.1 percent. Total equity witnessed an
t before and after taxation increased by 16.3 percent

Financial Statement Analysis of Financial Sector

Exchange Companies exhibited an expansion in their balance sheet size during the peri

review. Total assets increased by 6.1 percent to stand at Rs 8.0 billion in CY12 as compar
billion in CY11.Increases in profit before and after taxation of 63.9 percent and 61
respectively was recorded in CY12 over CY11.

CY12 turned out to be positive for insurance sector in Pakistan. The aggregate insurance b
grew sharply during CY12. Its balance sheet size expanded by 18.8 percent and reached R
billion in CY12. Profit before and after taxation increased considerably during CY12

In the housing finance sector, there has been one company available, i.e., House Building
Company Ltd. (HBFCL). Total assets witnessed an increase of around 3 percent to stand a
billion in CY12 as compared to Rs. 19.6 billion in CY11. HBFCL showed a loss before ta
Rs.172.1 million.

vii

2012
ment Analysis of Financial Sector

ir balance sheet size during the period under

at Rs 8.0 billion in CY12 as compared to Rs 7.6


er taxation of 63.9 percent and 61.0 percent

Pakistan. The aggregate insurance business


anded by 18.8 percent and reached Rs 597.8

ased considerably during CY12

pany available, i.e., House Building Finance


crease of around 3 percent to stand at Rs 20.1
Y11. HBFCL showed a loss before taxation of

Introduction

Statistics and Data Warehouse Department strives hard to disseminate quality sta
produces primary data but also provides secondary data with analysis to the vario

including researchers and policy makers. As the performance of financial sector r


health of an economy, standard analytical tools are used to gauge the performan
1

The analysis includes the following sectors :

?
Banks
?
DFIs
?
Investment Banks
?
Leasing Companies
?
Modaraba Companies
?
Insurance Companies
?
Consolidation is provided at the beginning of each sectors analysis. For banks, consolida

different levels. At first level, overall consolidation of all banks including foreign ba
information and ratios relating to number of ordinary shares, dividend earning per
value per share are not taken into consideration because foreign banks do not
information. The level of consolidation for banks is as follows:
?

All Banks (overall)


?
?

Local Banks
Public Sector Banks

?
?
?

Private Sector Banks


Specialized Banks
Foreign Banks

Similarly, consolidated analysis of insurance companies is also provided to reflec


Insurance Sector. The level of consolidation is as follows:
?

Insurance Companies (overall)

Since each sector has peculiar business activities, therefore, for analysis separate s
associated set of financial ratios has also been selected for each sector.
2
Sectorwise list of analyzed financial institutions is provided in a

2012
Financial Statement Analysis of Financial Sector

es hard to disseminate quality statistics. It not only


ary data with analysis to the various stakeholders

performance of financial sector reflects the financial


are used to gauge the performance of this vital sector.
2

?
?
?
?

Exchange Companies
Mutual Funds (close ended)
Housing Finance
Venture Capital

ctors analysis. For banks, consolidation is at

n of all banks including foreign banks is given. The


nary shares, dividend earning per share and breakup
n because foreign banks do not have such type of

is as follows:

Local Banks
Public Sector Banks

Private Sector Banks


Specialized Banks
Foreign Banks

mpanies is also provided to reflect financial health of

vities, therefore, for analysis separate set of variables was taken into consideration. Similarly, an
r each sector.
ppendix
1

at the end of the text.

Financial Statement Analysis of Financial Sector

Life Insurance

?
?

Non-Life Insurance
Takaful

1.1 Methodology

Methodology used for analysis is ratio analysis because it is a powerful tool to an


statements of any company. Ratio analysis measures inter-relationship between
financial statements. Ratios are taken
for as
these
guidelines
are useful in evaluating a companys

financial position and operation and making comparison with results in previous y
in the same industry. The primary objective of ratio analysis is to point out areas r

investigation. Ratios are calculated from the following financial statements and
accounts.

?
?

Balance Sheet
Profit and Loss Account

?
?

Statement of Changes in Equity


Cash Flow Statement

Total equity is computed as the sum of ordinary share capital plus reserve
appropriated profit/loss while the revaluation, intangible assets etc. are clubbed t

total equity section. For foreign banks, the ordinary share capital is replaced by h
account. Since the financial sector comprises variety of financial institutions havin
activities, therefore, variables used for analysis would be different for each sector

2012
ment Analysis of Financial Sector

ecause it is a powerful tool to analyze financial


sures inter-relationship between various items of the
seful in evaluating a companys

parison with results in previous years or with others


tio analysis is to point out areas requiring further

llowing financial statements and relevant notes to

nary share capital plus reserve & surplus plus unangible assets etc. arein
clubbed
others
together
of

ary share capital is replaced by head office capital


riety of financial institutions having peculiar business
would be different for each sector.

1.2 Concepts and Definitions


Banks and Development Finance Institutions (DFIs)
Following variables are used for analysis of banks & DFIs:
Shareholders Equity
The sum of following items except others is considered for analysis:
?
?

Ordinary Share Capital or Head Office Accou


Reserves

?
?

Un-appropriated Profit/Loss
Others

Liabilities
Bills Payables, borrowings and deposits being the major items contributing

liabilities of banks and DFIs are taken for analysis, the remaining heads of liabiliti
pooled under others:
?
Bills Payables
?
?

Borrowing from Financial Institutions


Deposits and Other Accounts

Others

Assets

The following items are included in the analysis. The relevant information is taken
balance sheet as well as respective notes to accounts.
?

Cash and Balances with Treasury Banks

?
?
?

Balances with Other Banks


Lending to Financial Institutions
Investment

Gross Advances

Profit and Loss Account


The following items are included for analysis. The relevant figures are obtained fr
and loss accounts and notes to financial statements.
?
Interest Earned
?
Interest Expensed

Financial Statement Analysis of Financial Sector

2012

dered for analysis:

are Capital or Head Office Account (in case of foreign bank)

ated Profit/Loss

g the major items contributing towards

s, the remaining heads of liabilities are

om Financial Institutions
d Other Accounts

The relevant information is taken from

alances with Treasury Banks


?

h Other Banks
nancial Institutions

Advances Non-Performing/Classified

?
?
?

Provision Against Advances


Advances Net of Provision
Fixed Assets

Others

e relevant figures are obtained from profit


?
?

Non-Interest Income
Non-Interest Expense

Financial Statement Analysis of Financial Sector

?
?
?

Net Interest Income


Provision and Write-offs
Net Interest Income after Provision

Other Items
?

No. of Ordinary Shares


Outstanding shares at end of the period as shown in bala

Cash Dividend
The amount of cash dividend is taken as the percentage d

period.
Stock Dividend/Bonus Shares

The number of bonus shares declared is also taken as p


distributed during the period.
Cash Generated from Operating Activities

The amount is taken from cash flow statement


Commitment and Contingencies

This is an off balance sheet item. The detail is given in no


the sum of all kinds of commitments and contingencies is
Leasing Companies
Following variables are involved in the analysis of leasing companies:
Shareholders Eq
uity
Shareholders equity includes

share capital, reserves and un-appropriated p

other item(s) mentioned in the balance sheet under shareholders equity is pooled under t
head others.

Liabilities
Borrowings from financial institutions and deposits with financial institutions are th

items contributing towards liabilities of leasing companies. For analysis, these two
taken separately while the remaining items of liabilities are pooled under others

ment Analysis of Financial Sector

?
?
?

2012

Administrative Expenses
Profit/Loss before Tax
Profit/Loss after Tax

nd of the period as shown in balance sheet.

dend is taken as the percentage declared during the

ares declared is also taken as percentage amount

Operating Activities

m cash flow statement


ngencies

eet item. The detail is given in notes to accounts and


ommitments and contingencies is taken for analysis.

of leasing companies:

, reserves and un-appropriated profit/loss. Any

areholders equity is pooled under the

ts with financial institutions are the major

ompanies. For analysis, these two items are


es are pooled under others

Financial Statement Analysis of Financial Sector

Assets
Assets are classified into current and non-current. Major items of non-current ass
mentioned below where remaining items of non-current assets are pooled under othe
Non-Current Assets
?
Term Deposit Certificates
?
?

Net Finance-Investment
Advances Net

?
?

Fixed Assets
Others

Current Assets
Three main items are taken for analysis while the rest are pooled under others
?
?
?

Cash and Balances with Central Bank


Balances with Other Banks
Placement with Other Banks

Others

Profit and Loss Account

The amounts reported under the following heads are extracted from profit and los
along with relevant notes to accounts:
?

Income from Operating Lease

?
?

Income from Investment


Income from Finances

?
?

Other Income

Other Items
?

No. of Ordinary Shares


The number of shares outstanding as on balance sheet date

Cash Dividend
The amount of cash dividend is taken as percentage of the dividend d
the period.

2012
ment Analysis of Financial Sector

t. Major items of non-current assets are


urrent assets are pooled under others

are pooled under others

s are extracted from profit and loss accounts

Administrative Expenses
Profit/Loss before Tax
Profit/Loss after Tax

s on balance sheet date

n as percentage of the dividend declared during

Financial Statement Analysis of Financial Sector

Stock Dividend

The number of bonus shares declared is also taken as pe


period.
?

Cash Generated from Operating Activities


The amount is taken from the cash flow statement.

Investment Banks
Following variables are used in the analysis of investment banks:
Shareholders Equity

The composition and explanation of


hareholders
s
equity is same as explained earlie
Liabilities

The amount of current and non-current liabilities is taken from the balance shee
sum of these two is the same as total liabilities of the company.
Assets

Current assets are classified into cash and bank balances and others while non
assets are divided into three heads i.e., long term investment, fixed a
Current Assets
?
?

Non-Current Assets
Cash and Banks Balances
?
Others
?
?

Profit and Loss Account

The following items are taken for analysis. The relevant figures are
and loss account and notes to financial statements.
?
?

Gross Revenues
Administrative and Operating Expenses

?
?
?

Operating Profit
Profit/Loss before Tax
Profit/Loss after Tax

2012
ment Analysis of Financial Sector

ares declared is also taken as percentage amount during the

m the cash flow statement.

vestment banks:

equity is same as explained earlier.

es is taken from the balance sheet and the


f the company.

nces and others while


-current
non
.e., long term investment, fixed assets, and others.

on-Current Assets
Long Term Investment
Fixed Assets
Others

alysis. The relevant figures are taken from profit


statements.

ating Expenses

Financial Statement Analysis of Financial Sector

Other Items
These include:
?
No. of Ordinary Shares
?
?

Cash Dividend
Stock Dividend

?
Cash Generated from Operating Activities
Mutual Funds (Close Ended)
The analysis includes the following variables:

Shareholders Equity
The composition and explanation ofhareholders
s
equity is same as explained earlie

Liabilities
As the financial activities of mutual funds are limited, the composition of liabilities
into two heads as follows:
?
?

Payable to Investment Adviser


Others

Assets
The asset base of mutual fund is also not broad, therefore, for analysis it is limite

items. These are available in the companys balance sheet and notes to financial statemen
?
?

Cash and Banks Balances


Investment

?
Others
Profit and Loss Account
The following items are taken into consideration for analysis. The relevant
obtained from profit and loss account and notes to financial statements.
?
?

Interest Income
Dividend Income

?
?
?

Net Gain on Sale of Investment


?
Net Unrealized Gain
?
Income from Future
?
Transactions
Capital Gain
?

?
?

Other Income
Remuneration to Management
Co-advisor
Remuneration to Trustees/Custod
Brokerage, Commission /Fee
Administrative and General
Expenses
Other Expenses

2012
ment Analysis of Financial Sector

perating Activities

equity is same as explained earlier.

ited, the composition of liabilities is divided

therefore, for analysis it is limited to three

sheet and notes to financial statements.

ion for analysis. The relevant figures are


to financial statements.

Other Income
Remuneration to Management
Co-advisor
Remuneration to Trustees/Custodian
Brokerage, Commission /Fee
Administrative and General

Other Expenses

Financial Statement Analysis of Financia

Other Items
The information on the following is extracted from the balance sheet and relevant
financial statements:
?
?
?
?

No. of Ordinary Shares


Cash Dividend
Stock Dividend
Cash Generated from Operating Activities

Modaraba Companies
Following variables are included in the analysis of modaraba companies:

Certificate Holders Equity


Modaraba company issues certificates instead of shares. Therefore the amoun

through issuing certificates is termed as certificate capital. For analysis, certificate holders
equity is the sum of certificate capital, reserves, and un

items under the section of certificate holders equity is pooled under the head of others.
?
Certificates Capital
?
Reserves
?
?

Un-appropriated Profit/Loss
Others

Liabilities
These include current and non-current liabilities taken from the balance sheet.
Assets

The current and non-current assets and their break up are taken from balance sh

current assets the amount of cash and bank balances is taken separately while th
current assets are
pooled under others. Similarly, long term inves
taken individually while the remaining noncurrent assets are pooled under othe
Current Assets
?
?

Cash and Banks Balances


Others

inancial Statement Analysis of Financial Sector

2012

m the balance sheet and relevant notes to

perating Activities

of modaraba companies:

of shares. Therefore the amount subscribed

pital. For analysis, certificate holders


-appropriated profit/loss. Any other
pooled under the head of others.

taken from the balance sheet.

ak up are taken from balance sheet. In case of

ances is taken separately while the remaining


others. Similarly, long term investment and fixed assets are
urrent assets are pooled under others.

anks Balances

Non-Current Assets
?
Long Term Investment
?
?

Fixed Assets
Others

Financial Statement Analysis of Financia

Profit and Loss Account

The following items are taken for analysis. The relevant figures are taken from profit and loss
account and notes to financial statements.
?
Gross Revenues
?
?
?
Other Items
These include:
?
?
?

Operating Expenses

Operating Profit

No. of certificates outstanding as mentioned in balance sheet.


Cash Dividend
Stock Dividend

?
Cash Generated from Operating Activities
Exchange Companies
Following variables are included for analysis of exchange companies:
Shareholders Equity
?

Share Capital

?
?

Reserves
Accumulated Profit/Loss

Others

Liabilities
These include:
?
Current Liabilities
?

Non-current Liabilities

Assets
These include:
?
?

Current Assets
Cash and Banks Balances
Others

2012
inancial Statement Analysis of Financial Sector

es are taken from profit and loss


Modaraba Company Management Fee
Profit/Loss before Tax
Profit/Loss after Tax

ntioned in balance sheet.

Non-Current Assets
Long Term Investment

Fixed Assets

Others

Financial Statement Analysis of Financial Sector

Profit and Loss Account


The following items are taken from profit and loss account of the company:
?
Revenues
?
?

Admin and General Expenses


Profit/Loss before Tax

Profit/Loss after Tax

Other Items
The following items are extracted mainly from notes to accounts of the company:
?
No. of Ordinary Shares
?
Cash Dividend
?
?

Stock Dividend
Cash Generated from Operating Activities

Housing Finance
Following variables are involved in the analysis of housing finance company:
Shareholders Equity

The total shareholders equity is taken as sum of share capital, reserves, and un
profit/loss while other items in the s hareholders equity section of balance sheet are p
under others.
?

Share Capital

?
?

Reserves
Un-appropriated profit/Loss

Others

Liabilities

These include current and non-current liabilities, the amounts of lease finance an
finance are extrac
ted from non
- current liabilities section while the remaining i
current liabilities are pooled under others.
?
Current liabilities
?

Noncurrent liabilities

10

2012
ment Analysis of Financial Sector

s account of the company:

tes to accounts of the company:

perating Activities

of housing finance company:

re capital, reserves, and un-appropriated


equity section of balance sheet are pooled

the amounts of lease finance and long-term


-

Financial Statement Analysis of Financia

?
?

Lease Finance
Long Term Finance

Others

Assets
The following items of current and non-current assets are taken for analysis:
Current Assets
?
Cash and Banks Balances
?

Non-Current Assets

Others

Profit and Loss account


The items included in the analysis are:
?
Revenue
?
Admin. and Operating Expenses
?
?

Other Expenses
Profit before Tax

Profit after Tax

No. of Ordinary Shares

?
?

Cash Dividend
Stock Dividend

Cash Generated from Operating Activities

Other Items
These include:

11

inancial Statement Analysis of Financial Sector

2012

ken for analysis:


Non-Current Assets
?

perating Activities

Investment in Housing Finance

Fixed Assets

Others

Financial Statement Analysis of Financia

Venture Capital
Following variables are included in the analysis of venture capital:
Shareholders Equity
The shareholders equity is the sum of share capital, reserve and un
while the remaining items are pooled under others.
?
?

Share Capital
Reserves

?
?

Un Appropriated Profit/Loss
Others

Liabilities
These include current and non-current liabilities.
?
?

Current Liabilities
Non-Current Liabilities

Assets
The current and non-current assets include.
Current Assets
Non-Current Assets
?
Cash and Bank Balances
?

Investment

Others

Profit and Loss Account


The following items are included in the analysis.
?
?

Income
Admin. and Operating Expense

?
?

Operating Profit
Profit/Loss Before Taxation

Profit/Loss After Taxation

12

2012
inancial Statement Analysis of Financial Sector

of venture capital:

reserve and un

-appropriated profit/loss,

Non-Current Assets
?
Investment
?

Venture Investment

?
?

Fixed Assets
Others

Other Items
These include:
?
?

No. of Ordinary Shares


Cash Dividend

?
?

Stock Dividend
Cash Generated from Operating Activities

Insurance Companies
Following variables are involved in the analysis of Insurance Companies:
Shareholders Equity
These include:
?
?

Share Capital
Reserves

?
?

Un-appropriated Profit/Loss
Others

Liabilities
These

include

:
?
?

Balance in the Statutory Fund


Outstanding Claims, Premiums Received in A
Due to Other Insurers

Other Liabilities

Assets
These include:
?

Cash and Balances with Banks

13

2012
Financial Statement Analysis of Financial Sector

perating Activities

of Insurance Companies:

ated Profit/Loss

he Statutory Fund
Claims, Premiums Received in Advance, Amount

13

Advances

Financial Statement Analysis of Financia

Deposit with Banks

Investment in Govt. and Other


Securities

Investment in Securities and Properties

Profit and Loss Account


These include:
?

Interest/Investment Income

?
?

Net Premium
Gross Premium

Gross Claims

Other Items
These include:
?

No. of Ordinary Shares

?
?

Cash Dividend
Stock Dividend

Cash Generated from Operating Activities

1.3 Performance Indicators


Pakistans financial sector is an integration of institutions of diversified nature including

Leasing Companies, Modaraba Companies, Insurance Companies, Investment B


ratios used to analyze these sectors may be different in some cases as different s
business activities but some ratios are common to all sectors. Some impor

explanations are given below which may be read in combination with the analysis
separately.
Efficiency/Profitability Ratio
Spread Ratio
=

???????? ??????
???????? ???????
?!

14

inancial Statement Analysis of Financial Sector

Loan to Employees

Other Assets

2012

and Properties

stment Income

Net Claims

?
?

Underwriting Profit
Profit before Tax

Profit after Tax

perating Activities

tions of diversified nature including Banks DFIs,

urance Companies, Investment Banks, etc. Therefore,


erent in some cases as different sectors have peculiar
mon to all sectors. Some important ratios and their
in combination with the analysis sheet of each sector

Spread is the gap between interest rate a bank charges on loans and rate pays o

of total interest earned divided by the total interest paid to depositors as mentione
statement. This ratio is useful for Banks and DFIs.
Net Interest Margin Ratio
=

????? ???????? ?????? ? ????? ???????? ???????


????? ??????

This ratio indicates the earning capacity through core banking business by utilizin
normally borrow from savers and lend to investors. It is the ratio between the diffe
income and interest expense to total assets. It is also useful for Banks and DFIs.
Return on Assets (ROA)
??? ?????? ????? ???
????? ???????!

?
This ratio expresses the capacity of earning profit by a bank on its total assets

business. It is calculated as percentage of net profit after tax to total assets. It is u


financial sector.
Return on Equity (ROE)
?

??? ?????? ????? ???


????? ????????????
?
??????

Total Shareholders Equity (Pakistani Banks)

(Loss)
Total Shareholders Equity (Foreign Banks) =H.O Capital Account + Reserves +Unremit

This ratio expresses the return on shareholders equity. ROE is a direct measure of return
sha
reholders. It is calculated as a percentage of the net profit after tax to total Sh
is also useful for whole financial sector.
Non-Interest Income to Total Assets Ratio
?

????? ?????????? ??????


????? ???????!

Ratio on incomes earned other than mark-up e.g. capital gains, commission, fee
ratio expresses how much income is earned other than mark-up through other fun
employing total assets. It is useful for Banks and DFIs.

Financial Statement Analysis2012


of Financial Sector

harges on loans and rate pays on deposits. The amount

st paid to depositors as mentioned in the income

? ?????? ? ????? ???????? ???????


???? ??????
*100

core banking business by utilizing all assets. Banks


rs. It is the ratio between the difference of interest
also useful for Banks and DFIs.

fit by a bank on its total assets employed in the

ofit after tax to total assets. It is useful for whole

*100
= Share Capital + Reserves + Un-appropriated Profit

apital Account + Reserves +Unremitted Profit

y. ROE is a direct measure of returns to the


e of the net profit after tax to total Shareholders equity. It

??? ??????

g. capital gains, commission, fee to total assets etc. This


er than mark-up through other functions of the bank by

15

Interest Ratio
?

???????? ????
???????? ??????
?!

This ratio expresses the payment of interest mainly to depositors. The lower the r
company is burdened by debt expenses. It is useful for Banks and DFIs.
Administrative Expenses to Profit before Tax
?

?????????????? ????????
?????? ?????? ???

This ratio expresses the relationship between administrative expenses and profit
for whole financial sector.
Net Interest Income after Provision to Total Assets
??? ???????? ?????? ????? ?????????

????? ??????

This is the ratio between interests earned less provision to total assets. It is usefu

Non-Interest Expenses to Total Income


?

???????????? ????????
????? ??????

The ratio expresses the percentage of non-interest expenses to total income whic
management in applying the banks resources. It is useful for Banks and DFIs.
Administrative Expenses to Non-Interest Income
?

?????????????? ????????
???????????? ??????

This ratio expresses total administrative expenses to non-interest income. It is us


DFIs.
Earnings per Share (EPS)
?

??? ?????? ????? ???


?? ?? ???????? ??????

Financial Statement Analysis2012


of Financial Sector

nly to depositors. The lower the ratio, the less the


eful for Banks and DFIs.

?? ????????

ministrative expenses and profit before tax. It is useful

?!

ovision to total assets. It is useful for Banks and DFIs.

?!

est expenses to total income which reflects efficiency of


seful for Banks and DFIs.

?? ????????

es to non-interest income. It is useful for Banks and

16

EPS is the ratio between net profit after tax to number of shares outstanding at th

shown in balance sheet and its relevant notes to accounts. It is useful for whole fi
for Modaraba Companies where certificates are issued for raising capital.
Return on Capital Employed (ROCE)
?

?????? ?????? ???


?????? ?????? ? ??????? ????????????

ROCE is a ratio that indicates the efficiency and profitability of a companys capital inve
amount of capital employed is calculated by subtracting current liabilities from tota
for whole financial sector except for banks, DFIs, Insurance, mutual fund.
Return on Revenue (ROR)
?

??? ??????
???????

?!

profitability, calculated as net inco

This is a measure of a companys

is useful for Leasing Company, Mutual Fund, etc.


Lease Ratio
?

????? ??????
????? ??????

?!

The core function of a leasing company is to earn profit from operating and financ
expresses how much portion of total income is being generated through its core b
for leasing company.
Operating Expense Ratio
????????? ???????

?
??? ??????
*100
It is a measure of operating efficiency i.e., how well the management controls its

expense ratio can be used to gauge the general health of the core or other busine
Modaraba and Investment Banks.
Gain Ratio
?

????? ?????
????? ???????

A total gain comprises gain on sales of securities, gain on re-measurement, gain


term investment, etc. It is useful for Mutual Fund.

Financial Statement Analysis2012


of Financial Sector

umber of shares outstanding at the end of the year as

accounts. It is useful for whole financial sector except


issued for raising capital.

*100

tability of a companys capital investments. The


tracting current liabilities from total assets. It is useful

, Insurance, mutual fund.

profitability, calculated as net income divided by revenue. This ratio

n profit from operating and financial lease. This ratio


eing generated through its core business. It is useful

well the management controls its expenses. Operating

health of the core or other businesses. It is useful for

s, gain on re-measurement, gain on disposal of long-

17

Trading Income Ratio


?

???? ?? ???? ?? ???????????


????? ??????
?!

The core business of mutual fund is to gain from trading of shares and securities
reflects that funds are being efficiently managed. Both figures are taken from the
is useful for Mutual Fund.
Management Expenses Ratio
???????????? ?? ???????

?
????? ????????
* 100
For mutual funds management expenses ratio is calculated by dividing remunera
total expenses.
Net Investment in Finance Lease to Total Assets
??? ?????????? ?? ??????? ?????
????? ??????

?
This ratio expresses the relationship of net investment in finance lease to total as
useful for leasing companies.
Earning per Certificate
?

?????? ????? ???


?? ?? ????????????

The ratio between profits after tax to number of certificates is an important efficien
reflects how much amount is earned on each certificate. It is useful for Modaraba
Net Claims incurred Ratio
?

??? ??????
??? ???????

*100

This expresses the efficiency of insurance company and is calculated as the claim

premium. Higher ratio indicates that the incurrence of claims is more than premiu
insurance companies.

Financial Statement Analysis2012


of Financial Sector

trading of shares and securities and the higher ratio


. Both figures are taken from the income statement. It

calculated by dividing remuneration to adviser by

?!
tment in finance lease to total assets. This ratio is

certificates is an important efficiency ratio because it


rtificate. It is useful for Modaraba Companies.

any and is calculated as the claim incurred on net

ce of claims is more than premium. It is useful for

18

Financial Statement Analysis of Financia

Underwriting profit to Net profit


???????????? ??????
??? ?????? ?!

?
The ratio shows the percentage of underwriting profit as of net profit. Underwriting

underwriting income and expenses of the cost of obtaining new policies. This ra
insurance companies.
Investment Income to Net Premium
?????????? ??????

?
??? ??????? ? !
The ratio shows the relationship between investment income and net premium. T
used to measure efficiency of an insurance company.

Liquidity Ratios
Cash and Balances with Banks to Total Assets
?

???? ??? ???????? ???? ?????


????? ???????!

This ratio expresses the percentage of total assets available in the form of highly
Total Deposit and other Accounts to Total assets
????? ??????? ??? ????? ????????
????? ??????
?!

?
The ratio shows what percentage of total assets comprises total deposits and oth
Investment and Total Assets
?

????? ??????????
????? ???????!

The ratio between Investment and total assets shows investment activity with refe
assets. It indicates the portion of total assets used for investment in various venu
for banks, DFIs and insurance companies.

19

inancial Statement Analysis2012


of Financial Sector

profit as of net profit. Underwriting profit is net of

f obtaining new policies. This ratio is useful for

ment income and net premium. This is one of the ratios

ets available in the form of highly liquid assets.

comprises total deposits and other accounts.

hows investment activity with reference to its total


ed for investment in various venues. This ratio is useful

Financial Statement Analysis of Financia

Advances and Total Assets


?

???????? ?????
????? ???????!

This ratio expresses the relationship of advances (net) to total assets. This ratio is
DFIs.
Total Liabilities to Total Assets
????? ???????????
????? ???????!

?
The ratio shows the proportion of banks assets, which are financed through debt.
for banks and DFIs.
Gross Advances to Deposits
?

????? ????????
????????
*100

The ratio expresses the percentage of gross advances to deposits and expresse
deposits in the core business of a bank, i.e., intermediation. This ratio is useful fo
Gross advances to Borrowing and Deposits
?

????? ????????
?????????? ??????????
?!

The ratio expresses the percentage of gross advances to deposits and borrowing
activity of a banking business as it reflects that advances are being made more/le
ratio is useful for banks and DFIs.
Current Ratio
?

??????? ??????
??????? ???????????

This ratio shows how many times current assets cover current liabilities and th
company to pay immediate liabilities. This ratio is used for whole financial sector
and DFIs.
Long Term Investment to Total Assets
?

???? ???? ????? ??????????


????? ??????? !

The ratio between long-term investments to total assets shows investment activity
total assets. It indicates the portion of total assets used to invest in different venu
20

inancial Statement Analysis2012


of Financial Sector

s (net) to total assets. This ratio is useful for banks and

which are financed through debt. This ratio is useful

vances to deposits and expresses the utilization of


rmediation. This ratio is useful for banks and DFIs.

ances to deposits and borrowings. This ratio shows


dvances are being made more/less than deposits. This

ets cover current liabilities and the strength of the


s used for whole financial sector except for banks

assets shows investment activity with reference to its


s used to invest in different venues.

Assets Quality Ratios


Non-Performing Loans (NPLs) to Gross Advances
?

????
????? ????????
?!

This ratio expresses the quality of loan portfolio of a bank. It shows the percentag
advances made by a bank and evaluates assets quality based on loan portfolio. T
banks and DFIs.
Provision against NPLs and Gross Advances
?

????????? ??????? ????


????? ????????
?!

The ratio between provisions against classified loans/advances to gross advance


advances of banks and DFIs.
NPLs to Equity Ratio
?

????
????? ????????????

??????
?!

Where,
Total Shareholders Equity (Pakistani Banks) = Share Capital + Reserves + Un
Total Shareholders Equity (Foreign Banks) =H.O Capital Account + Reserves

The ratio between NPLs to shareholders equity indicates the exposure of the common sh
NPLs. This ratio is useful for banks and DFIs.
NPLs write-off to NPLs Provision Ratio
?

???? ?????????
???? ?????????
?!

This ratio is calculated for banks and DFIs.


NPLs Provision to NPLs Ratio
????????? ??? ????

?
????
?!
The ratio reflects what percentage of provision has been made against NPLs. Thi
Banks and DFIs.

Financial Statement Analysis2012


of Financial Sector

of a bank. It shows the percentage of NPLs as gross


quality based on loan portfolio. This ratio is useful for

oans/advances to gross advances reflects the quality of

Reserves + Un

-appropriated Profit (Loss)

unt + Reserves

+Unremitted Profit

cates the exposure of the common shareholders to

as been made against NPLs. This ratio is useful for

21

Capital/Leverage Ratios
Capital Ratio
?

????? ????????????

??????
????? ??????? !

Where,
Total Shareholders Equity
(Loss)

(Pakistani Banks)

Total Shareholders Equity (Foreign Banks) =H.O Capital Account + Reserves +Unremit
The ratio between shareholders equity and total assets expresses the percentage of equity
assets.
Contingent Liabilities and Commitment to Shareholders Equity
?

?????????? ??????????? ??? ???????????


???????????? ??????

The ra
tio between contingent liabilities and commitments to shareholders equity e
of contingent liabilities and commitments by banks.
Break-Up Value per Share
?

????? ????????????

??????
?? ?? ???????? ??????

Break-up Value is net worth per share and is an important criterion to measure fin
a company. The break-up value is calculated for whole financial sector except in
and Modaraba Companies.
Deposits to Equity Ratio
????? ????????
????? ????????????
?
??????

?
The ratio shows the relationship between total deposits in a bank to the total shareholders
Break-up Value per Certificate
???????? ??????????? ??????? ??????

?
?? ?? ???????? ????????????
Break-up value is net worth per certificate and is one of the important criteria to m
soundness of a company. This ratio is calculated for Modaraba Companies only.
Capital Ratio (Modaraba Company)
?

???????? ??????????? ??????? ??????


????? ??????

Financial Statement Analysis of Financial Sector

2012

= Share Capital + Reserves + Un-appropriated Profit

apital Account + Reserves +Unremitted


ts expresses the percentage of equity in total

olders Equity

????????? ??? ???????????

mmitments to shareholders equity expresses exposure

important criterion to measure financial soundness of


whole financial sector except in case of foreign banks

s in a bank to the total shareholders equity.

?
? ????????????

one of the important criteria to measure the financial

d for Modaraba Companies only.

?!
22

Profit.

Financial Statement Analysis of Financia

The ratio expresses the percentage of equity in total assets. It is calculated for Mo
only.

Cash Flow Ratios


Cash Flow to Profit after Tax
???? ????????? ???? ????????? ??????????
=
?????? ????? ???

The ratio expresses proportions of cash being spun off from ongoing operations.
for the whole financial sector.
Cash flow to Current Liabilities Ratio
???? ????????? ???? ????????? ??????????
?
??????? ???????????

The ratio reflects cash generation strength of a company to meet current liabiliti
calculated for all sectors except investment banks, insurance companies, banks
funds.

23

2012
inancial Statement Analysis of Financial Sector

otal assets. It is calculated for Modaraba Companies

pun off from ongoing operations. This ratio is useful

company to meet current liabilities. This ratio is


nks, insurance companies, banks, DFIs and mutual

Financial Statement Analysis of Financial Sector

Review and Financial Analysis

24

ment Analysis of Financial Sector

ncial Analysis

201

ANKS

ERFORMANCE
G AT A

LANCE

The balance sheet size of the banking sector expanded in CY12 and total assets
from Rs. 8.3 trillion in CY11 to Rs. 9.9 trillion in CY12 showing an increase of 19.3
before taxation increased by 6.7 percent in CY12 over the previous year.
A

NALYSIS OF B
ALANCE HEET
S OMPONENTS
C

Total equity of banking sector witnessed an


increase of Rs. 66.5 billion or 8.6 percent in
CY12 over CY11. The growth in total equity
of Pakistani banks has been 9.3 percent over
the previous year whereas growth in total
equity of foreign banks was negative during
CY12 and witnessing a decrease of 4.7
percent over previous year.
A
NALYSIS OF L
IABILITIES
Total deposits rose to Rs 7.4 trillion in CY12
as compared to Rs 6.3 trillion in CY11
showing an increase of 17.2 percent. The
deposits had a share of around 82.5 percent
in total liabilities in CY12, while the
remaining components of liabilities i.e., bills
payables, borrowings and others contributed
approximately 17.5 percent share of total
liabilities.

25

Financial Statement Analysis of Financial Sector

2012

panded in CY12 and total assets of the sector grew


CY12 showing an increase of 19.3 percent. Profit

2 over the previous year.

Components of Balance Sheet


12000
10000
8000
Billion Rs.

2,000.%

1,500.%
1,000.%

6000
4000
2000
0

900.%
500.%
0.0%
Total SHE

CY 11
CY 12
Growth

1,900.%

2,500.%
2,000.%

776
842
900.%

Total
Liabilities
7487
8981
2,000.%

Total Assets
8295
9896
1,900.%

Share of Components in Total Liabilities

100.%
80.%

Others
Deposits
Borrowings
Bills payable

60.%
40.%
20.%
0.0
CY 11

25

CY 12

NALYSIS OF A
SSETS

Total assets of the banking sector


increased from Rs 8.3 trillion in
CY11 to Rs

9.9 trillion in CY12

registering an increase of 19.3


percent. Investment grew by 32.1
percent while gross advances by 12.2
percent in CY12.

Lending to financial institutions

5000
4500
4000
3500
3000
2500
2000
Billion Rs.
1500
1000
500
0

CY 11
CY 12
Growth

decreased by Rs 36.9 billion or 17.8


percent in CY12 over CY11. In case
of Pakistani banks, the lending decreased by 25.7 percent in CY12, however, in c
it increased by 64 percent.
Banks advances increased to Rs 4.3
trillion in CY12 showing an increase
of 12.2 percent over CY11. NPLs
increased to Rs 600.2 billion in CY12
compared to Rs 573.1 billion in
CY11. NPLs to advances ratio
decreased to 13.9 percent in CY12 as

5000
4500
4000
3500
3000
2500
2000
Billion Rs.
1000
500
0

compared to 14.9 percent in CY11.


NPL to total equity reduced from 73.9

CY 11
CY 12
Growth

percent in CY11 to 71.3 percent in


CY12. Further, NPLs provision to
NPLs increased to 71 percent in CY12 from 70 percent in CY11.
26

Financial Statement Analysis of Financial Sector

2012

Major Components of Assets

4,500.%
3,500.%
3,200.%
2,500.%
1,500.%
1,200.%
500.%

1,800.%

-500.%
-1,800.%

-1,500.%
-2,500.%

Cash &
Cash Equl.
896
1060
1,800.%

Lending

Investment

Advances

208
171
-1,800.%

3079
4066
3,200.%

3838
4307
1,200.%

7 percent in CY12, however, in case of foreign banks,

Analysis of Advances
1,300.%
1,200.%

1,400.%
1,200.%
1,000.%
800.%

1500

600.%
400.%

600.%
500.%

200.%
0.0%

ercent in CY11.

Adv. Gross

NPL

Provision

Adv. Net

3838
4307
1,200.%

573
600
500.%

401
426
600.%

3437
3881
1,300.%

ROFITABILITY
OAND

PERATING FFICIENCY
E

In terms of profitability of banking sector,


CY12 witnessed an increase of around 6.7
percent in profit before taxation to
Rs183.2 billion during CY12 compared to
Rs 171.7 billion in CY11. Profit after

Billion Rs.

taxation increased from Rs 115.5 billion


in CY11 to Rs 121.4 billion in CY12,
showing an increase of 5.1 percent.
Looking at the efficiency ratios, the return
50.%
45.%
40.%
35.%
30.%
25.%

on assets (ROA) and return on equity


(ROE), it is found that, ROE decreased
from 14.9 percent in CY11 to 14.4
percent in CY12 while ROA decreased

Growth
15.%
10.%

from 1.4 percent in CY11 to 1.2 percent


in CY12. Spread ratio of banking sector
decreased to 42.9 percent in CY12 from
46.1 percent in CY11.
On the income side, Interest/mark-up
income during CY12 was Rs 799.5
billion as compared to Rs 752.6 billion
in CY11 witnessing an increase of Rs
46.9 billion or 6.2 percent over CY11.
Non-interest/non-markup income also
increased from Rs 111.8 billion during
CY11 to Rs 143.5 billion during CY12,

CY 12

CY 11

depicting an increase of 28.4 percent


over CY11. Interest income to total

income decreased to 84.8 percent in


CY12 as compared to 87.1percent in CY11. Non-interest income to total income i
from 12.9 percent in CY11 to 15.2 percent in CY12.
27

2012

Financial Statement Analysis of Financial Sector

CY 12

CY 11

400.
350.
300.
183.2
250.
200.
150.

121.4

100.

171.7
115.5
50.
0.0
Profit Before Taxation

Profit After Taxation


CY 11
CY 12

46.1%
42.9%

20.%

14.9%

14.4%

5.%
0.0

-interest income to total income increased

1.4%
Spread Ratio ROE

ROA

Interest Income
Non-Interest Income
84.8%

15.2%

87.1%

12.9%

Percentage.

1.2%

Financial Statement Analysis of Financia

All Banks - Overall


2008
Items
A.Total equity (A1 to A3)
505,469,823.
1.Share capital/head office capital account
277,045,918.
2.Reserves
148,257,246.
3.Un appropriated profit
80,166,659.
4.Others
62,957,129.
B.Total liabilities (B1 to B4)
5,074,573,572
1.Bills payable
69,530,488.
2.Borrowings from financial institutions
460,028,229.
3.Deposits and other accounts
4,226,432,569
4.Other/misc. liabilities
318,582,286.
C.Total assets (C1 to C4 + C8 to C10)
5,643,000,524
1.Cash and balances with treasury banks
477,615,770.
2.Balances with other banks
184,087,341.
3.Lending to financial institutions
188,414,080.
4.Investments
1,085,196,330
5.Gross advances
3,417,406,346
6.Advances-non-performing/classified
313,020,509.
7.Provision against advances
237,965,887.
8.Advances net of provision (C5 - C7)
3,179,440,459
9.Fixed assets
191,279,879.
10.Other/misc. assets
336,966,665.
D.Profit & loss account
1.Markup/interest earned
482,070,799.
2.Markup/interest expenses
246,295,314.
3.Net markup/interest income
235,775,485.
4.Provisions and write-offs
104,266,763.
5.Net markup/interest income after provisions
130,344,598.
6.Non-markup/interest income
103,289,492.
7.Non-markup/interest expenses
166,010,509.
8.Administrative expenses
160,702,985.
9.Profit/(loss) before taxation
63,261,197.
10.Profit/(loss) after taxation
43,415,974.
E.Other items
1.Cash generated from operating activities
1,849,272.
2.Commitments and contigencies
2,565,591,273
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
48.91%
2.Net markup/interest margin (D1-D2)/C
4.18%
3.Return on equity (ROE) (D10/A)
8.59%
4.Return on assets (ROA) (D10/C)
.77%
5.Non-markup/interest income to total assets (D6/C)
1.83%
6.Net markup/interest income(after provisions) to total assets(D5/C)
2.31%
7.Markup/interest expense to markup/interest income (D2/D1)
51.09%
8.Admin. expesne to profit before tax. (D8/D9)(times)
2.54
9.Non-markup/interest expense to total income D7/(D1+D6)
28.36%
10.Admin. expense to non-markup/interest income(D8/D6)(times)
1.56
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
11.73%
2.Investment to total assets (C4/C)
19.23%
3.Advances net of provisions to total assets (C8/C)
56.34%
4.Deposits to total assets (B3/C)
74.9%
5.Total liabilities to total assets (B/C)
89.93%
6.Gross advances to deposits (C5/B3)
80.86%
7.Gross advances to borrowing & deposits C5/(B2+B3)
72.92%
H.Assets quality ratios
1.Non-performing loans to gross advances (C6/C5)
9.16%
2.Provision against NPLs to gross advances (C7/C5)
6.96%
3.NPLs to total equity (C6/A)
61.93%
4.NPLs write off to NPLs provision (D4/C7)
43.82%
5.Provision against NPL to NPLs (C7/C6)
76.02%
I.Capital /leverage ratios
1.Capital ratio (A/C)
8.96%

2.Commitments & contingencies to total equity (E2/A) (times)


5.08
3.Total deposit to total equity (B3/A) (times)
8.36
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times) .04
28

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
582,598,286. 608,877,873. 775,509,119. 841,961,117.
322,555,374. 348,918,576. 452,485,660. 466,753,970.
163,552,147. 180,810,459. 188,764,710. 215,437,093.
96,490,765. 79,148,838. 134,258,749. 159,770,054.
84,003,150. 88,918,247. 32,403,813. 73,986,937.
5,864,049,2576,487,089,8327,487,012,7408,980,526,575
71,535,885. 75,421,757. 85,260,553. 112,340,488.
659,274,039. 550,000,562. 683,657,769. 1,032,462,262
4,797,876,2145,513,917,0206,322,351,4447,412,335,990
335,363,119. 347,750,493. 395,742,974. 423,387,834.
6,530,650,6937,184,885,9528,294,925,6729,896,474,628
537,292,488. 595,747,162. 702,543,369. 842,600,994.
195,972,436. 180,559,909. 193,122,487. 217,533,957.
238,445,016. 214,680,843. 207,550,849. 170,628,139.
1,708,679,9332,175,903,4293,079,015,0434,065,901,747
3,564,239,8243,789,016,1353,838,001,9194,306,883,138
425,320,610. 562,428,103. 573,055,250. 600,208,608.
304,669,387. 372,648,121. 400,846,488. 426,045,957.
3,259,570,4373,416,368,0143,437,155,4313,880,837,181
192,043,955. 203,626,548. 218,291,515. 225,158,715.
398,646,428. 398,000,047. 457,246,978. 493,813,895.
593,703,103.
326,058,617.
276,157,706.
113,917,187.
162,212,990.
106,091,369.
190,059,825.
182,414,959.
69,304,886.
48,198,550.

630,569,606.
337,669,590.
287,472,434.
78,361,932.
212,455,704.
105,468,634.
207,934,611.
201,053,704.
113,795,360.
71,158,233.

752,638,230.
407,410,190.
346,556,416.
60,554,101.
298,589,035.
111,791,427.
233,025,411.
228,321,908.
171,693,258.
115,504,513.

799,520,878.
456,268,314.
343,252,564.
39,757,645.
303,494,918.
143,507,792.
252,070,262.
258,767,558.
183,228,944.
121,437,317.

604,337,114. 502,982,911. 1,036,423,9161,160,622,157


3,078,623,5573,121,226,5833,725,659,7083,815,235,353
46.51%
4.1%
8.27%
.74%
1.62%
2.48%
54.92%
2.63
27.16%
1.72

45.59%
4.08%
11.69%
.99%
1.47%
2.96%
53.55%
1.77
28.25%
1.91

46.05%
4.16%
14.89%
1.39%
1.35%
3.6%
54.13%
1.33
26.96%
2.04

42.93%
3.47%
14.42%
1.23%
1.45%
3.07%
57.07%
1.41
26.73%
1.8

11.23%
26.16%
49.91%
73.47%
89.79%
74.29%
65.31%

10.8%
30.28%
47.55%
76.74%
90.29%
68.72%
62.48%

10.8%
37.12%
41.44%
76.22%
90.26%
60.71%
54.78%

10.71%
41.08%
39.21%
74.9%
90.74%
58.1%
51.%

11.93%
8.55%
73.%
37.39%
71.63%

14.84%
9.83%
92.37%
21.03%
66.26%

14.93%
10.44%
73.89%
15.11%
69.95%

13.94%
9.89%
71.29%
9.33%
70.98%

8.92%

8.47%

9.35%

8.51%

5.28
8.24

5.13
9.06

4.8
8.15

4.53
8.8

12.54

7.07

8.97

9.56

Financial Statement Analysis of Financia

Local Banks - Overall


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
470,965,547.
244,915,598.
148,181,461.
77,868,488.
63,489,982.
4,873,983,320
65,107,084.
442,681,300.
4,078,494,404
287,700,532.
5,408,438,849
442,680,478.
165,718,117.
158,500,096.
1,062,603,406
3,312,965,635
309,884,247.
235,446,658.
3,077,518,977
187,582,375.
313,835,400.
463,838,210.
237,196,646.
226,641,564.
99,698,545.
125,735,437.
97,517,397.
155,635,765.
150,384,735.
63,254,685.
42,765,351.
24,452,483.
N/A
N/A
-30881293
2,165,108,445
48.86%
4.19%
9.08%
.79%
1.8%
2.32%
51.14%
2.38
27.72%
1.54
1.75
11.25%
19.65%
56.9%
75.41%
90.12%
81.23%
73.28%
9.35%
7.11%
65.8%

4.NPLs write off to NPLs provisions (D4/C7)


42.34%
5.Provision against NPL to NPLs (C7/C6)
75.98%
I.Capital /leverage ratios
1.Capital ratio (A/C)
8.71%
2.Commitments & contingencies to total equity (E5/A) (times)
4.6
3.Break up value per share (A/E1)
19.26
4.Total deposit to total equity (B3/A) (times)
8.66
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) -.72
29

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
546,749,512. 574,079,220. 732,822,285. 801,196,356.
287,671,156. 314,927,769. 413,765,907. 425,604,902.
163,459,432. 180,684,886. 188,615,424. 215,282,161.
95,618,924. 78,466,565. 130,440,954. 160,309,293.
84,112,627. 89,209,049. 32,560,623. 73,968,598.
5,658,751,9476,288,344,3147,274,267,7808,774,618,907
67,938,226. 69,858,475. 81,275,225. 108,655,410.
642,543,459. 534,575,425. 662,193,418. 1,008,646,671
4,636,939,7845,357,586,2276,154,480,6177,253,632,928
311,330,478. 326,324,187. 376,318,520. 403,683,897.
6,289,614,0866,951,632,5838,039,650,6889,649,783,860
502,499,262. 562,952,621. 664,067,126. 800,866,895.
179,702,590. 176,488,166. 188,693,849. 203,531,469.
206,327,062. 178,200,677. 189,196,778. 140,525,618.
1,656,307,3232,096,093,7322,965,633,6393,980,382,885
3,469,125,9543,717,521,1463,764,786,3554,239,011,224
418,929,619. 553,335,344. 565,454,728. 591,096,037.
299,881,001. 366,781,129. 394,042,579. 417,495,723.
3,169,244,9533,350,740,0173,370,743,7763,821,515,501
188,454,465. 201,403,429. 216,115,028. 223,417,378.
387,078,431. 385,753,941. 445,200,492. 479,544,114.
571,440,077.
313,861,482.
266,091,815.
109,190,178.
156,872,452.
100,482,691.
178,005,794.
170,516,859.
70,155,458.
49,007,928.

610,157,558.
332,575,929.
277,581,629.
75,740,441.
205,142,052.
100,630,451.
198,397,770.
191,692,767.
111,748,712.
70,198,522.

728,610,517.
395,227,090.
334,711,803.
59,207,308.
288,049,027.
107,240,006.
223,295,265.
218,688,135.
166,092,836.
111,843,855.

779,055,794.
446,233,606.
332,822,188.
37,855,378.
294,966,809.
138,829,871.
240,623,490.
247,400,635.
182,312,568.
121,664,530.

28,727,998. 31,439,491. 41,323,258. 1,890,664,116


N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
577,721,142. 490,297,865. 1,008,200,0551,151,029,859
2,689,531,5352,675,985,7763,269,242,9503,406,703,080
46.57%
4.1%
8.96%
.78%
1.6%
2.49%
54.92%
2.43
26.49%
1.7
1.71

45.49%
3.99%
12.23%
1.01%
1.45%
2.95%
54.51%
1.72
27.91%
1.9
2.23

45.94%
4.15%
15.26%
1.39%
1.33%
3.58%
54.24%
1.32
26.71%
2.04
2.71

42.72%
3.45%
15.19%
1.26%
1.44%
3.06%
57.28%
1.36
26.21%
1.78
.06

10.85%
26.33%
50.39%
73.72%
89.97%
74.81%
65.71%

10.64%
30.15%
48.2%
77.07%
90.46%
69.39%
63.09%

10.61%
36.89%
41.93%
76.55%
90.48%
61.17%
55.23%

10.41%
41.25%
39.6%
75.17%
90.93%
58.44%
51.31%

12.08%
8.64%
76.62%

14.88%
9.87%
96.39%

15.02%
10.47%
77.16%

13.94%
9.85%
73.78%

36.41%
71.58%

20.65%
66.29%

15.03%
69.69%

9.07%
70.63%

8.69%
4.92
19.03
8.48

8.26%
4.66
18.26
9.33

9.12%
4.46
17.73
8.4

8.3%
4.25
.42
9.05

11.79

6.98

9.01

9.46

Financial Statement Analysis of Financia

Public Sector Banks - Overall


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
93,237,138.
18,544,359.
29,033,178.
45,659,601.
18,749,454.
930,323,564.
11,663,371.
53,675,530.
819,683,051.
45,301,612.
1,042,310,156
119,322,457.
44,286,770.
20,394,708.
204,784,000.
629,389,241.
102,628,919.
68,723,074.
560,666,167.
28,051,915.
64,804,139.
82,390,735.
42,609,185.
39,781,550.
30,489,527.
9,292,023.
21,028,786.
23,756,378.
21,993,798.
6,564,431.
5,642,453.
1,854,436.
N/A
N/A
-45155885
294,175,142.
48.28%
3.82%
6.05%
.54%
2.02%
.89%
51.72%
3.35
22.97%
1.05
3.04
15.7%
19.65%
53.79%
78.64%
89.26%
76.78%
72.07%
16.31%
10.92%
110.07%

4.NPLs write off to NPLs provisions (D4/C7)


44.37%
5.Provision against NPL to NPLs (C7/C6)
66.96%
I.Capital /leverage ratios
1.Capital ratio (A/C)
8.95%
2.Commitments & contingencies to total equity (E5/A) (times)
3.16
3.Break up value per share (A/E1)
50.28
4.Total deposit to total equity (B3/A) (times)
8.79
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
-8.
30

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
107,010,826. 105,265,258. 127,790,619. 136,971,590.
21,339,327. 24,030,254. 41,414,298. 44,283,634.
31,486,173. 27,923,238. 29,284,865. 33,051,513.
54,185,326. 53,311,766. 57,091,456. 59,636,443.
24,580,515. 40,149,918. 41,572,689. 56,469,348.
1,049,639,6781,185,232,5281,398,775,9301,651,789,530
12,159,963.
8,970,578. 10,375,239. 17,151,226.
62,285,275. 35,045,634. 76,090,790. 151,891,929.
926,628,132. 1,087,487,5211,248,188,2621,414,856,825
48,566,308. 53,728,795. 64,121,639. 67,889,550.
1,181,231,0191,330,647,7041,568,139,2381,845,230,468
129,608,813. 135,642,657. 153,973,974. 182,782,467.
33,955,399. 36,122,514. 34,010,092. 36,706,462.
23,263,730. 33,849,174. 65,732,828. 20,184,313.
262,331,351. 380,720,883. 479,342,863. 588,083,288.
702,632,358. 718,055,264. 789,506,985. 967,793,422.
118,528,163. 168,813,094. 166,497,486. 163,435,430.
80,452,578. 93,825,342. 97,029,696. 102,918,240.
622,179,780. 624,229,922. 692,477,289. 864,875,182.
29,890,350. 32,465,159. 34,777,267. 36,342,749.
80,001,596. 87,617,395. 107,824,925. 116,256,007.
100,164,255. 112,480,667. 129,208,288. 140,932,616.
59,860,679. 67,660,293. 77,609,982. 88,827,251.
40,303,576. 44,820,374. 51,382,142. 52,105,365.
32,491,627. 13,736,092. 12,227,283.
7,498,858.
7,811,949. 31,729,814. 44,341,083. 44,606,507.
23,742,739. 20,153,147. 22,933,945. 29,593,719.
28,073,776. 32,695,068. 34,248,745. 32,192,707.
26,787,981. 31,644,453. 37,487,659. 44,823,212.
3,480,912. 31,592,317. 29,426,910. 28,522,167.
6,672,253. 22,372,156. 19,900,186. 19,839,142.
2,133,932.
N/A
N/A
974,839.
290,828,179.

2,403,025.
N/A
N/A
126,587,260.
453,490,628.

4,141,429.
N/A
N/A
107,777,017.
598,692,114.

1,852,589,678
N/A
N/A
132,675,084.
669,675,039.

40.24%
3.41%
6.24%
.56%
2.01%
.66%
59.76%
7.7
22.66%
1.13
3.13

39.85%
3.37%
21.25%
1.68%
1.51%
2.38%
60.15%
1.
24.65%
1.57
9.31

39.77%
3.29%
15.57%
1.27%
1.46%
2.83%
60.07%
1.27
22.51%
1.63
4.81

36.97%
2.82%
14.48%
1.08%
1.6%
2.42%
63.03%
1.57
18.88%
1.51
.01

13.85%
22.21%
52.67%
78.45%
88.86%
75.83%
71.05%

12.91%
28.61%
46.91%
81.73%
89.07%
66.03%
63.97%

11.99%
30.57%
44.16%
79.6%
89.2%
63.25%
59.62%

11.89%
31.87%
46.87%
76.68%
89.52%
68.4%
61.77%

16.87%
11.45%
110.76%

23.51%
13.07%
160.37%

21.09%
12.29%
130.29%

16.89%
10.63%
119.32%

40.39%
67.88%

14.64%
55.58%

12.6%
58.28%

7.29%
62.97%

9.06%
2.72
50.15
8.66

7.91%
4.31
43.81
10.33

8.15%
4.68
30.86
9.77

7.42%
4.89
.07
10.33

.15

5.66

5.42

6.69

Financial Statement Analysis of Financia

FIRST WOMEN BANK LIMITED


2008
Items
A.Total equity (A1 to A3)
1,135,800.
1.Share capital
283,650.
2.Reserves
228,540.
3.Un appropriated profit
623,610.
-32767
4.Others
B.Total liabilities(B1 to B4)
6,200,688.
1.Bills payable
101,993.
2.Borrowings from financial institutions
27,140.
3.Deposits and other accounts
5,939,308.
4.Other/misc. liabilities
132,247.
C.Total assets (C1 to C4 + C8 to C10)
7,303,721.
1.Cash and balances with treasury banks
575,929.
2.Balances with other banks
400,761.
3.Lending to financial institutions
350,849.
4.Investments
2,264,088.
5.Gross advances
3,409,842.
6.Advances-non-performing/classified
105,512.
7.Provision against advances
105,512.
8.Advances net of provision (C5-C7)
3,304,330.
9.Fixed assets
174,833.
10.Other/misc. assets
232,931.
D.Profit & loss account
1.Markup/interest earned
736,103.
2.Markup/interest expensed
212,601.
3.Net markup/interest income
523,502.
4.Provisions and write-offs
50,153.
5.Net markup/interest income after provisions
473,349.
6.Non-markup/interest income
90,343.
7.Non-markup/interest expenses
373,249.
8.Administrative expenses
367,798.
9.Profit/(loss) before taxation
190,443.
10.Profit/(loss) after taxation
106,020.
E.Other items
1.No. of ordinary shares (000)
28,365.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-930303
4.Cash generated from operating activities
5.Commitments and contigencies
202,048.
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
71.12%
2.Net markup/interest margin (D1-D2)/C
7.17%
3.Return on equity (ROE) (D10/A)
9.33%
4.Return on assets (ROA) (D10/C)
1.45%
5.Non-markup/interest income to total assets (D6/C)
1.24%
6.Net markup/interest income(after prov.) to total assets(D5/C)
6.48%
7.Markup/interest expense to markup/interest income (D2/D1)
28.88%
8.Admin. expense to profit before tax. (D8/D9) (times)
1.93
9.Non-markup/interest expense to total income D7/(D1+D6)
45.16%
10.Admin. expense to non-markup/interest income (D8/D6) (times)
4.07
11.Earning per share (D10/E1)
3.74
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
13.37%
2.Investment to total assets (C4/C)
31.%
3.Advances net of provisions to total assets (C8/C)
45.24%
4.Deposits to total assets (B3/C)
81.32%
5.Total liabilities to total assets (B/C)
84.9%
6.Gross advances to deposits (C5/B3)
57.41%
7.Gross advances to borrowing & deposit C5/(B2+B3)
57.15%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
3.09%
2.Provisions against NPLs to gross advances (C7/C5)
3.09%
3.NPLs to shareholders equity (C6/A)
9.29%

4.NPLs write off to NPLs provisions (D4/C7)


47.53%
5.Provision against NPL to NPLs (C7/C6)
100.%
I.Capital /leverage ratios
1.Capital ratio (A/C)
15.55%
2.Commitments & contingencies to total equity (E5/A) (times)
.18
3.Break up value per share (A/E1)
40.04
4.Total deposit to total equity (B3/A) (times)
5.23
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) -8.77
31

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
1,058,318.
1,084,517.
1,645,428.
1,991,641.
283,650.
283,650.
1,080,038.
1,494,113.
228,540.
233,282.
284,991.
293,863.
546,128.
567,585.
280,399.
203,665.
35,049.
21,504.
74,136.
85,599.
9,164,693. 11,597,139. 14,408,971. 20,413,560.
89,020.
102,182.
96,417.
548,727.
31,328.
966,885.
51,100.
73,340.
8,756,793. 10,195,214. 13,814,854. 19,193,344.
287,552.
332,858.
446,600.
598,149.
10,258,060. 12,703,160. 16,128,535. 22,490,800.
713,140.
836,311.
973,701.
1,188,234.
586,849.
600,228.
561,555.
636,034.
1,136,025.
926,323.
1,605,946.
4,219,779.
4,097,423.
3,430,251.
4,730,434.
7,263,885.
3,481,854.
6,535,694.
7,901,127.
8,573,327.
207,633.
430,232.
523,443.
612,714.
207,633.
227,554.
200,064.
238,684.
3,274,221.
6,308,140.
7,701,063.
8,334,643.
203,972.
188,248.
229,344.
239,084.
246,430.
413,659.
326,492.
609,141.
896,476.
408,000.
488,476.
179,549.
308,927.
66,879.
462,060.
451,930.
-86254
-80101

1,374,548.
763,841.
610,707.
76,899.
533,808.
57,141.
536,272.
533,679.
54,677.
23,711.

1,918,759.
1,176,451.
742,308.
5,475.
747,783.
253,719.
601,399.
600,986.
400,103.
258,547.

1,798,231.
1,037,893.
760,338.
50,508.
709,830.
95,581.
716,920.
716,657.
88,491.
43,556.

28,365.
28,365.
0.0
0.0
0.0
0.0
2,108,232. -521807
226,087.
201,272.

108,004.
0.0
0.0
1,070,465.
297,230.

149,411.
0.0
0.0
2,531,961.
807,143.

54.49%
4.76%
-7.57%
-.78%
.65%
3.01%
45.51%
-5.24
47.96%
6.76
-2.82

44.43%
4.81%
2.19%
.19%
.45%
4.2%
55.57%
9.76
37.46%
9.34
.84

38.69%
4.6%
15.71%
1.6%
1.57%
4.64%
61.31%
1.5
27.68%
2.37
2.39

42.28%
3.38%
2.19%
.19%
.42%
3.16%
57.72%
8.1
37.86%
7.5
.29

12.67%
39.94%
31.92%
85.37%
89.34%
39.76%
39.62%

11.31%
27.%
49.66%
80.26%
91.29%
64.11%
58.55%

9.52%
29.33%
47.75%
85.65%
89.34%
57.19%
56.98%

8.11%
32.3%
37.06%
85.34%
90.76%
44.67%
44.5%

5.96%
5.96%
19.62%

6.58%
3.48%
39.67%

6.62%
2.53%
31.81%

7.15%
2.78%
30.76%

86.47%
100.%

33.79%
52.89%

2.74%
38.22%

21.16%
38.96%

10.32%
.21
37.31
8.27

8.54%
.19
38.23
9.4

10.2%
.18
15.23
8.4

8.86%
.41
13.33
9.64

-26.32

-22.01

4.14

58.13

Financial Statement Analysis of Financia

NATIONAL BANK OF PAKISTAN


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
81,367,002.
8,969,751.
19,941,047.
52,456,204.
21,092,216.
715,299,108.
10,219,061.
40,458,926.
624,939,016.
39,682,105.
817,758,326.
106,503,756.
38,344,608.
17,128,032.
170,822,491.
457,828,029.
56,502,583.
44,841,164.
412,986,865.
24,217,655.
47,754,919.
60,942,798.
23,884,768.
37,058,030.
10,970,814.
26,087,216.
16,415,862.
19,502,080.
18,171,198.
23,000,998.
15,458,590.
896,975.
65.%
20.%
2,532,681.
241,861,468.
60.81%
4.53%
19.%
1.89%
2.01%
3.19%
39.19%
.79
25.21%
1.11
17.23
17.71%
20.89%
50.5%
76.42%
87.47%
73.26%
68.81%
12.34%
9.79%
69.44%

4.NPLs write off to NPLs provisions (D4/C7)


24.47%
5.Provision against NPL to NPLs (C7/C6)
79.36%
I.Capital /leverage ratios
1.Capital ratio (A/C)
9.95%
2.Commitments & contingencies to total equity (E5/A) (times)
2.97
3.Break up value per share (A/E1)
90.71
4.Total deposit to total equity (B3/A) (times)
7.68
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
.16
32

2012

inancial Statement Analysis of Financial Sector

2009
95,855,355.
10,763,702.
23,395,059.
61,696,594.
24,937,197.
825,460,717.
10,621,169.
44,828,138.
727,513,013.
42,498,397.
946,253,269.
116,668,514.
28,786,397.
19,683,526.
217,596,037.
531,103,507.
71,174,034.
55,765,068.
475,338,439.
25,200,870.
62,979,486.
78,124,796.
40,448,291.
37,676,505.
11,820,292.
25,856,213.
19,109,332.
23,766,703.
22,816,665.
21,198,842.
17,449,042.

(Thousand Rupees)
2010
2011
2012
105,687,665. 112,671,683. 119,434,799.
13,454,629. 16,818,285. 18,500,114.
25,129,425. 26,212,505. 30,305,210.
67,103,611. 69,640,893. 70,629,475.
25,611,167. 23,282,533. 36,743,263.
906,719,635. 1,019,012,2061,159,982,395
8,006,631.
9,104,710. 14,367,639.
19,657,207. 27,671,745. 51,112,248.
832,134,054. 927,410,553. 1,038,094,985
46,921,743. 54,825,198. 56,407,523.
1,038,018,4671,154,966,4221,316,160,457
115,657,025. 131,843,344. 158,756,638.
30,743,368. 28,070,350. 30,895,173.
23,051,171. 43,973,531.
8,280,997.
301,078,498. 319,353,392. 342,964,635.
540,130,378. 595,630,955. 734,349,374.
86,871,353. 88,391,640. 89,159,413.
61,243,623. 67,509,359. 73,349,374.
478,886,755. 528,121,596. 661,000,000.
27,620,697. 29,064,564. 29,714,221.
60,980,953. 74,539,645. 84,548,793.
88,681,381.
45,169,744.
43,511,637.
10,009,482.
33,502,155.
18,150,883.
27,030,751.
26,732,045.
24,622,287.
17,738,405.

95,956,361. 101,125,889.
48,566,973. 56,552,485.
47,173,224. 44,573,404.
9,358,165.
8,019,096.
37,815,059. 36,554,308.
19,738,325. 24,804,561.
28,131,683. 24,063,424.
30,945,203. 36,733,708.
26,131,683. 24,063,424.
17,724,846. 16,887,057.

1,076,370.
1,345,463.
1,681,828. 1,850,011,327
75.%
75.%
75.%
70.%
25.%
25.%
10.%
15.%
40,806,019. 92,320,340. 41,816,805. 60,861,739.
236,732,608. 405,881,788. 520,889,243. 520,100,721.
48.23%
3.98%
18.2%
1.84%
2.02%
2.73%
51.77%
1.08
24.44%
1.19
16.21

49.07%
4.19%
16.78%
1.71%
1.75%
3.23%
50.93%
1.09
25.3%
1.47
13.18

49.16%
4.1%
15.73%
1.53%
1.71%
3.27%
50.61%
1.18
24.32%
1.57
10.54

44.08%
3.39%
14.14%
1.28%
1.88%
2.78%
55.92%
1.53
19.11%
1.48
.01

15.37%
23.%
50.23%
76.88%
87.23%
73.%
68.77%

14.1%
29.01%
46.13%
80.17%
87.35%
64.91%
63.41%

13.85%
27.65%
45.73%
80.3%
88.23%
64.23%
62.36%

14.41%
26.06%
50.22%
78.87%
88.13%
70.74%
67.42%

13.4%
10.5%
74.25%

16.08%
11.34%
82.2%

14.84%
11.33%
78.45%

12.14%
9.99%
74.65%

21.2%
78.35%

16.34%
70.5%

13.86%
76.38%

10.93%
82.27%

10.13%
2.47
89.05
7.59

10.18%
3.84
78.55
7.87

9.76%
4.62
66.99
8.23

9.07%
4.35
.06
8.69

2.34

5.2

2.36

3.6

Financial Statement Analysis of Financia

SINDH BANK LTD.


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

4.NPLs write off to NPLs provisions (D4/C7)


5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
33

2012

inancial Statement Analysis of Financial Sector

2010
-

(Thousand Rupees)
2011
2012
10,749,561. 11,037,333.
10,000,000. 10,000,000.
149,912.
327,466.
599,649.
709,867.
-86548
50,855.
37,067,110. 81,202,911.
42,251.
176,125.
13,012,647. 48,602,402.
23,517,740. 31,469,652.
494,472.
954,732.
47,730,123. 92,291,099.
1,655,815.
2,430,525.
243,519.
424,573.
10,905,410.
4,619,591.
26,081,535. 62,631,024.
7,259,330. 19,281,888.
0.0
0.0
0.0
0.0
7,259,330. 19,281,888.
584,054.
1,556,804.
1,000,460.
1,346,694.

3,704,280.
2,241,345.
1,462,935.
31,382.
1,431,553.
222,183.
513,773.
513,773.
1,139,963.
749,561.

6,141,198.
4,102,783.
2,038,415.
1,069.
2,037,346.
526,717.
1,277,636.
1,277,607.
1,286,427.
88,772.

1,000,000.
0.0
0.0
18,654,331.
25,311,295.

1,000,000.
6.%
0.0
38,872,837.
65,855,409.

39.49%
3.07%
6.97%
1.57%
.47%
3.%
60.51%
.45
13.08%
2.31
.75

33.19%
2.21%
.8%
.1%
.57%
2.21%
66.81%
.99
19.16%
2.43
.09

3.98%
54.64%
15.21%
49.27%
77.66%
30.87%
19.87%

3.09%
67.86%
20.89%
34.1%
87.99%
61.27%
24.08%

0.0
0.0
0.0

0.0
0.0
0.0

22.52%
2.35
10.75
2.19

11.96%
5.97
11.04
2.85

24.89

437.9

Financial Statement Analysis of Financia

THE BANK OF KHYBER


2008
Items
A.Total equity (A1 to A3)
5,677,816.
1.Share capital
4,002,984.
2.Reserves
1,436,359.
3.Un appropriated profit
238,473.
-996600
4.Others
B.Total liabilities(B1 to B4)
26,657,773.
1.Bills payable
122,516.
2.Borrowings from financial institutions
910,691.
3.Deposits and other accounts
24,732,195.
4.Other/misc. liabilities
892,371.
C.Total assets (C1 to C4 + C8 to C10)
31,338,989.
1.Cash and balances with treasury banks
1,557,715.
2.Balances with other banks
3,362,946.
3.Lending to financial institutions
2,282,494.
4.Investments
8,985,441.
5.Gross advances
14,925,119.
6.Advances-non-performing/classified
3,331,487.
7.Provision against advances
2,281,305.
8.Advances net of provision (C5-C7)
12,643,814.
9.Fixed assets
187,589.
10.Other/misc. assets
2,318,990.
D.Profit & loss account
1.Markup/interest earned
2,958,865.
2.Markup/interest expensed
1,897,816.
3.Net markup/interest income
1,061,049.
4.Provisions and write-offs
238,593.
5.Net markup/interest income after provisions
822,456.
6.Non-markup/interest income
339,755.
7.Non-markup/interest expenses
956,315.
8.Administrative expenses
654,869.
9.Profit/(loss) before taxation
205,896.
10.Profit/(loss) after taxation
137,348.
E.Other items
1.No. of ordinary shares (000)
400,298.
2.Cash dividend
25.%
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
1,626,745.
5.Commitments and contigencies
5,208,484.
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
35.86%
2.Net markup/interest margin (D1-D2)/C
3.39%
3.Return on equity (ROE) (D10/A)
2.42%
4.Return on assets (ROA) (D10/C)
.44%
5.Non-markup/interest income to total assets (D6/C)
1.08%
6.Net markup/interest income(after prov.) to total assets(D5/C)
2.62%
7.Markup/interest expense to markup/interest income (D2/D1)
64.14%
8.Admin. expense to profit before tax. (D8/D9) (times)
3.18
9.Non-markup/interest expense to total income D7/(D1+D6)
28.99%
10.Admin. expense to non-markup/interest income (D8/D6) (times)
1.93
11.Earning per share (D10/E1)
.34
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
15.7%
2.Investment to total assets (C4/C)
28.67%
3.Advances net of provisions to total assets (C8/C)
40.35%
4.Deposits to total assets (B3/C)
78.92%
5.Total liabilities to total assets (B/C)
85.06%
6.Gross advances to deposits (C5/B3)
60.35%
7.Gross advances to borrowing & deposit C5/(B2+B3)
58.2%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
22.32%
2.Provisions against NPLs to gross advances (C7/C5)
15.29%
3.NPLs to shareholders equity (C6/A)
58.68%

4.NPLs write off to NPLs provisions (D4/C7)


10.46%
5.Provision against NPL to NPLs (C7/C6)
68.48%
I.Capital /leverage ratios
1.Capital ratio (A/C)
18.12%
2.Commitments & contingencies to total equity (E5/A) (times)
.92
3.Break up value per share (A/E1)
14.18
4.Total deposit to total equity (B3/A) (times)
4.36
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 11.84
34

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
5,040,633.
5,604,119.
9,700,427. 10,775,628.
5,004,001.
5,004,001.
8,228,001.
9,001,433.
435,342.
548,039.
722,501.
937,541.
-398710
52,079.
749,925.
836,654.
921,664.
3,796,254.
665,067.
951,171.
32,848,273. 41,393,930. 58,058,972. 70,450,839.
229,973.
280,665.
281,292.
558,026.
5,147,036.
2,894,759. 10,391,732.
7,420,113.
26,285,794. 36,981,351. 45,548,423. 60,043,083.
1,185,470.
1,237,155.
1,837,525.
2,429,617.
38,810,570. 50,794,303. 68,424,466. 82,177,638.
1,542,102.
5,079,720.
2,802,781.
3,108,819.
2,403,698.
1,502,684.
1,527,561.
1,649,512.
1,810,846.
2,562,093.
1,800,566.
1,501,000.
17,925,911. 19,852,730. 36,684,689. 45,671,700.
14,820,746. 21,272,033. 25,284,711. 29,708,787.
4,457,159.
4,117,581.
3,938,731.
4,334,605.
2,984,784.
3,033,700.
2,996,912.
3,016,021.
11,835,962. 18,238,333. 22,287,799. 26,692,766.
1,013,670.
1,121,554.
1,301,822.
1,359,149.
2,278,381.
2,437,189.
2,019,248.
2,194,692.
3,390,014.
2,390,388.
999,626.
1,261,819.
-262193
383,702.
920,279.
719,453.
-798770
-637183

4,207,155.
2,925,066.
1,282,089.
322,766.
1,604,855.
59,677.
951,391.
943,680.
713,141.
563,486.

6,946,827.
4,551,942.
2,394,885.
244,624.
2,150,261.
730,010.
1,285,458.
1,468,480.
1,285,458.
872,308.

7,204,937.
4,611,172.
2,593,765.
178,113.
2,415,652.
976,115.
1,569,218.
1,657,560.
1,569,218.
1,075,201.

500,400.
0.0
0.0
6,445,596.
6,966,342.

500,400.
0.0
0.0
1,804,102.
7,560,301.

822,800.
0.0
0.0
13,250,791.
9,270,649.

900,143.
0.0
9.4%
9,862,004.
14,977,927.

29.49%
2.58%
-12.64%
-1.64%
.99%
-.68%
70.51%
-.9
24.39%
1.88
-1.27

30.47%
2.52%
10.05%
1.11%
.12%
3.16%
69.53%
1.32
22.3%
15.81
1.13

34.47%
3.5%
8.99%
1.27%
1.07%
3.14%
65.53%
1.14
16.74%
2.01
1.06

36.%
3.16%
9.98%
1.31%
1.19%
2.94%
64.%
1.06
19.18%
1.7
1.19

10.17%
46.19%
30.5%
67.73%
84.64%
56.38%
47.15%

12.96%
39.08%
35.91%
72.81%
81.49%
57.52%
53.35%

6.33%
53.61%
32.57%
66.57%
84.85%
55.51%
45.2%

5.79%
55.58%
32.48%
73.06%
85.73%
49.48%
44.04%

30.07%
20.14%
88.42%

19.36%
14.26%
73.47%

15.58%
11.85%
40.6%

14.59%
10.15%
40.23%

42.28%
66.97%

10.64%
73.68%

8.16%
76.09%

5.91%
69.58%

12.99%
1.38
10.07
5.21

11.03%
1.35
11.2
6.6

14.18%
.96
11.79
4.7

13.11%
1.39
11.97
5.57

-10.12

3.2

15.19

9.17

Financial Statement Analysis of Financia

THE BANK OF PUNJAB


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
5,056,520.
5,287,974.
7,427,232.
-7658686
-1313395
182,165,995.
1,219,801.
12,278,773.
164,072,532.
4,594,889.
185,909,120.
10,685,057.
2,178,455.
633,333.
22,711,980.
153,226,251.
42,689,337.
21,495,093.
131,731,158.
3,471,838.
14,497,299.
17,752,969.
16,614,000.
1,138,969.
19,229,967.
-18090998
4,182,826.
2,924,734.
2,799,933.
-16832906
-10059505
528,797.
0.0
-48385008
46,903,142.
6.42%
.61%
-198.94%
-5.41%
2.25%
-9.73%
93.58%
-.17
13.33%
.67
-19.02
6.92%
12.22%
70.86%
88.25%
97.99%
93.39%
86.89%
27.86%
14.03%
844.24%

4.NPLs write off to NPLs provisions (D4/C7)


89.46%
5.Provision against NPL to NPLs (C7/C6)
50.35%
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.72%
2.Commitments & contingencies to total equity (E5/A) (times)
9.28
3.Break up value per share (A/E1)
9.56
4.Total deposit to total equity (B3/A) (times)
32.45
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 4.81
35

2012

inancial Statement Analysis of Financial Sector

2010
-7111043
5,287,974.
2,012,492.
-14411509
10,720,993.
225,521,824.
581,100.
11,526,783.
208,176,902.
5,237,039.
229,131,774.
14,069,601.
3,276,234.
7,309,587.
56,359,404.
150,117,159.
77,393,928.
29,320,465.
120,796,694.
3,534,660.
23,785,594.

(Thousand Rupees)
2011
2012
-6976480
-6267811
5,287,974.
5,287,974.
1,914,956.
1,187,433.
-14179410
-12743218
17,637,501. 18,638,460.
270,228,671. 319,739,825.
850,569.
1,500,709.
24,963,566. 44,683,826.
237,896,692. 266,055,761.
6,517,844.
7,499,529.
280,889,692. 332,110,474.
16,698,333. 17,298,251.
3,607,107.
3,101,170.
7,447,375.
1,562,946.
92,492,813. 129,552,044.
153,430,862. 175,880,046.
73,643,672. 69,328,698.
26,323,361. 26,314,161.
127,107,501. 149,565,885.
3,597,483.
3,473,491.
29,939,080. 27,556,687.

17,752,969. 18,217,583.
16,614,000. 18,801,642.
1,138,969. -584059
19,229,967.
3,326,945.
-18090998
-3911004
4,182,826.
1,885,446.
2,924,734.
4,176,654.
2,799,933.
3,435,049.
-16832906
6,202,212.
-10059505
4,046,554.

20,682,061. 24,662,361.
21,073,271. 22,522,918.
-391210
2,139,443.
2,587,637. -749928
2,196,427.
2,889,371.
1,989,708.
3,190,745.
3,716,432.
4,565,509.
3,959,217.
4,437,680.
469,703.
1,514,607.
294,924.
1,744,556.

2009
5,056,520.
5,287,974.
7,427,232.
-7658686
-1313395
182,165,995.
1,219,801.
12,278,773.
164,072,532.
4,594,889.
185,909,120.
10,685,057.
2,178,455.
633,333.
22,711,980.
153,226,251.
42,689,337.
21,495,093.
131,731,158.
3,471,838.
14,497,299.

528,797.
0.0

528,797.
0.0

-48385008
32,984,625.
46,903,142. 39,847,267.

0.0

528,797.
0.0
0.0
32,984,625.
42,923,697.

528,797.
0.0
0.0
20,546,543.
67,933,839.

6.42%
.61%
-198.94%
-5.41%
2.25%
-9.73%
93.58%
-.17
13.33%
.67
-19.02

-3.21%
-.25%
-56.91%
1.77%
.82%
-1.71%
103.21%
.55
20.78%
1.82
7.65

-1.89%
-.14%
-4.23%
.1%
.71%
.78%
101.89%
8.43
16.39%
1.99
.56

8.67%
.64%
-27.83%
.53%
.96%
.87%
91.33%
2.93
16.39%
1.39
3.3

6.92%
12.22%
70.86%
88.25%
97.99%
93.39%
86.89%

7.57%
24.6%
52.72%
90.85%
98.42%
72.11%
68.33%

7.23%
32.93%
45.25%
84.69%
96.2%
64.49%
58.37%

6.14%
39.01%
45.03%
80.11%
96.28%
66.11%
56.6%

27.86%
14.03%
844.24%

51.56%
19.53%
-1,088.36%

48.%
17.16%
-1,055.6%

39.42%
14.96%
-1,106.11%

89.46%
50.35%

11.35%
37.88%

9.83%
35.74%

-2.85%
37.96%

2.72%
9.28
9.56
32.45

-3.1%
-5.6
-13.45
-29.28

-2.48%
-6.15
-13.19
-34.1

-1.89%
-10.84
-11.85
-42.45

4.81

8.15

111.84

11.78

Financial Statement Analysis of Financia

Private Sector Banks - Overall


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
385,359,458.
210,865,136.
116,709,912.
57,784,410.
41,246,518.
3,809,313,808
52,687,992.
305,687,636.
3,244,927,861
206,010,319.
4,235,919,784
320,517,786.
103,115,398.
137,405,388.
845,773,291.
2,582,387,596
184,544,581.
145,648,689.
2,436,738,907
154,423,798.
237,945,216.
370,761,372.
189,477,389.
181,283,983.
67,875,442.
113,412,163.
70,125,358.
125,060,096.
122,545,992.
52,529,021.
34,800,231.
21,086,511.
N/A
N/A
16,415,664.
1,847,899,393
48.9%
4.28%
9.03%
.82%
1.66%
2.68%
51.1%
2.33
28.37%
1.75
1.65
10.%
19.97%
57.53%
76.61%
89.93%
79.58%
72.73%
7.15%
5.64%
47.89%

4.NPLs write off to NPLs provisions (D4/C7)


46.6%
5.Provision against NPL to NPLs (C7/C6)
78.92%
I.Capital /leverage ratios
1.Capital ratio (A/C)
9.1%
2.Commitments & contingencies to total equity (E5/A) (times)
4.8
3.Break up value per share (A/E1)
18.28
4.Total deposit to total equity (B3/A) (times)
8.42
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
.47
36

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
448,140,588. 471,171,613. 601,631,233. 656,110,114.
250,825,234. 275,390,507. 356,844,077. 365,970,171.
129,499,179. 147,094,236. 149,928,873. 171,223,054.
67,816,175. 48,686,870. 94,858,283. 118,916,889.
55,865,074. 44,946,493. -13734194
12,237,693.
4,474,936,9264,960,244,5295,733,885,5996,975,848,966
55,027,426. 60,505,858. 70,475,916. 91,066,624.
496,966,731. 419,118,618. 508,175,430. 777,583,511.
3,696,318,1074,250,710,0804,888,613,0855,821,368,276
226,624,662. 229,909,973. 266,621,168. 285,830,555.
4,978,942,5885,476,362,6356,321,782,6387,644,196,773
370,158,326. 423,371,845. 506,215,567. 613,690,122.
127,593,768. 127,653,884. 141,313,852. 156,836,573.
182,548,618. 144,242,701. 122,588,383. 119,530,298.
1,382,688,9081,701,035,1702,466,846,5333,366,805,968
2,664,890,3122,884,602,2212,860,671,2523,151,495,745
270,852,209. 351,693,460. 364,369,664. 393,447,701.
198,582,490. 252,080,464. 276,619,717. 294,126,783.
2,466,307,8222,632,521,7572,584,051,5352,857,368,962
153,471,610. 163,849,689. 176,239,464. 182,248,558.
296,173,536. 283,687,589. 324,527,304. 347,716,292.
460,314,435.
247,726,810.
221,100,885.
74,874,595.
146,197,065.
70,429,526.
143,019,662.
137,112,537.
63,542,898.
40,603,888.

486,294,541.
259,347,973.
226,946,568.
60,248,131.
169,223,241.
75,509,790.
159,009,575.
153,363,449.
77,693,011.
46,343,893.

587,215,925.
312,416,559.
275,771,106.
46,126,885.
237,233,529.
80,911,964.
182,743,991.
175,075,233.
133,093,925.
89,508,150.

624,327,371.
352,899,506.
271,427,865.
29,142,905.
242,284,959.
104,638,804.
199,615,432.
193,908,737.
149,933,061.
99,296,679.

25,082,524. 27,539,050. 35,684,408. 36,577,017.


N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
576,781,074. 363,931,590. 898,245,788. 1,018,519,296
2,372,671,0252,207,087,2992,655,822,1652,721,028,677
48.03%
4.27%
9.06%
.82%
1.41%
2.94%
53.82%
2.16
26.95%
1.95
1.62

46.67%
4.14%
9.84%
.85%
1.38%
3.09%
53.33%
1.97
28.3%
2.03
1.68

46.96%
4.35%
14.88%
1.42%
1.28%
3.75%
53.2%
1.32
27.35%
2.16
2.51

43.48%
3.55%
15.13%
1.3%
1.37%
3.17%
56.52%
1.29
27.38%
1.85
2.71

10.%
27.77%
49.53%
74.24%
89.88%
72.1%
63.55%

10.06%
31.06%
48.07%
77.62%
90.58%
67.86%
61.77%

10.24%
39.02%
40.88%
77.33%
90.7%
58.52%
53.01%

10.08%
44.04%
37.38%
76.15%
91.26%
54.14%
47.76%

10.16%
7.45%
60.44%

12.19%
8.74%
74.64%

12.74%
9.67%
60.56%

12.48%
9.33%
59.97%

37.7%
73.32%

23.9%
71.68%

16.68%
75.92%

9.91%
74.76%

9.%
5.29
17.87
8.25

8.6%
4.68
17.11
9.02

9.52%
4.41
16.86
8.13

8.58%
4.15
17.94
8.87

14.21

7.85

10.04

10.26

Financial Statement Analysis of Financia

ALBARAKA BANK (PAKISTAN) LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
4,051,584.
4,500,000.
0.0
-448416
17,255.
12,468,548.
148,403.
725,000.
10,892,602.
702,543.
16,537,387.
909,378.
195,134.
320,000.
2,756,159.
7,788,664.
13,537.
11,181.
7,777,483.
1,619,029.
2,960,204.
1,060,376.
598,062.
462,314.
1,811.
464,125.
95,111.
950,599.
949,634.
-391363
-260116
450,000.
0.0
0.0
406,132.
3,064,151.
43.6%
2.8%
-6.42%
-1.57%
.58%
2.81%
56.4%
-2.43
82.27%
9.98
-.58
6.68%
16.67%
47.03%
65.87%
75.4%
71.5%
67.04%
.17%
.14%
.33%

4.NPLs write off to NPLs provisions (D4/C7)


16.2%
5.Provision against NPL to NPLs (C7/C6)
82.6%
I.Capital /leverage ratios
1.Capital ratio (A/C)
24.5%
2.Commitments & contingencies to total equity (E5/A) (times)
.76
3.Break up value per share (A/E1)
9.
4.Total deposit to total equity (B3/A) (times)
2.69
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) -1.56
37

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
3,487,571.
6,115,886.
6,526,256.
5,883,539.
4,500,000.
8,935,200.
8,935,200.
8,935,200.
0.0
0.0
82,074.
82,074.
-1012429
-2819314
-2491018
-3133735
5,388.
3,191. -1773
138,414.
16,269,491. 54,644,587. 66,020,396. 67,847,098.
262,691.
427,600.
451,030.
746,651.
20,000.
2,756,892.
1,736,120.
1,991,738.
15,081,242. 49,324,209. 61,559,026. 63,278,655.
905,558.
2,135,886.
2,274,220.
1,830,054.
19,762,450. 60,763,664. 72,544,879. 73,869,051.
1,337,892.
4,460,257.
3,945,481.
4,221,381.
959,078.
7,409,620.
7,577,186.
6,712,477.
1,600,000.
80,000.
0.0
1,100,000.
3,356,705. 15,617,589. 26,179,416. 27,421,461.
9,760,212. 28,820,378. 29,601,824. 31,509,123.
1,213,994.
3,735,780.
4,466,038.
6,093,026.
320,969.
1,923,180.
1,991,116.
2,726,675.
9,439,243. 26,897,198. 27,610,708. 28,782,448.
1,741,736.
2,732,332.
2,798,165.
2,629,176.
1,327,796.
3,566,668.
4,433,923.
3,002,108.
1,914,228.
2,198,794.
1,234,890.
1,658,608.
679,338.
540,186.
344,009.
764,375.
335,329. -224189
301,855.
247,021.
1,436,066.
1,595,139.
1,410,569.
1,508,590.
-798882
-1572307
-564013
-1039595

6,699,178.
6,271,140.
5,001,222.
4,725,249.
1,697,956.
1,545,891.
227,176.
802,491.
1,925,132.
743,400.
482,058.
406,151.
1,926,488.
2,102,545.
1,910,731.
1,991,125.
480,702. -952994
410,370. -642717

450,000.
0.0
0.0
2,173,889.
8,660,685.

893,520.
0.0
0.0
8,797,050.
14,532,742.

893,520.
0.0
0.0
10,255,250.
12,436,239.

893,520.
0.0
0.0
523,909.
13,347,433.

35.49%
3.44%
-16.17%
-2.85%
1.53%
1.7%
64.51%
-1.77
64.8%
4.67
-1.25

24.57%
.89%
-17.%
-1.71%
.41%
-.37%
75.43%
-.96
65.22%
6.11
-1.16

25.35%
2.34%
6.29%
.57%
.66%
2.65%
74.65%
3.97
26.83%
3.96
.46

24.65%
2.09%
-10.92%
-.87%
.55%
1.01%
75.35%
-2.09
31.49%
4.9
-.72

11.62%
16.99%
47.76%
76.31%
82.33%
64.72%
64.63%

19.53%
25.7%
44.27%
81.17%
89.93%
58.43%
55.34%

15.88%
36.09%
38.06%
84.86%
91.01%
48.09%
46.77%

14.8%
37.12%
38.96%
85.66%
91.85%
49.79%
48.27%

12.44%
3.29%
34.81%

12.96%
6.67%
61.08%

15.09%
6.73%
68.43%

19.34%
8.65%
103.56%

107.18%
26.44%

39.75%
51.48%

11.41%
44.58%

29.43%
44.75%

17.65%
2.48
7.75
4.32

10.07%
2.38
6.84
8.06

9.%
1.91
7.3
9.43

7.96%
2.27
6.58
10.76

-3.85

-8.46

24.99

-.82

Financial Statement Analysis of Financia

ALLIED BANK LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
20,805,117.
6,463,644.
5,804,776.
8,536,697.
1,550,497.
344,340,055.
2,952,490.
27,778,151.
297,475,321.
16,134,093.
366,695,669.
23,653,754.
2,096,779.
15,793,183.
82,646,595.
223,639,777.
13,771,895.
10,667,769.
212,972,008.
11,134,436.
18,398,914.
30,570,540.
17,272,724.
13,297,816.
3,156,001.
10,141,815.
4,896,915.
8,917,790.
8,121,805.
6,120,940.
4,156,686.
646,364.
25.%
10.%
563,633.
126,060,778.
43.5%
3.63%
19.98%
1.13%
1.34%
2.77%
56.5%
1.33
25.14%
1.66
6.43
7.02%
22.54%
58.08%
81.12%
93.9%
75.18%
68.76%
6.16%
4.77%
66.19%

4.NPLs write off to NPLs provisions (D4/C7)


29.58%
5.Provision against NPL to NPLs (C7/C6)
77.46%
I.Capital /leverage ratios
1.Capital ratio (A/C)
5.67%
2.Commitments & contingencies to total equity (E5/A) (times)
6.06
3.Break up value per share (A/E1)
32.19
4.Total deposit to total equity (B3/A) (times)
14.3
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
.14
38

2012

inancial Statement Analysis of Financial Sector

2009
25,857,515.
7,110,008.
6,582,845.
12,164,662.
4,062,279.
388,421,058.
3,162,429.
39,818,532.
328,872,559.
16,567,538.
418,340,852.
26,435,683.
1,280,591.
28,122,932.
94,673,100.
249,925,187.
16,281,178.
12,542,665.
237,382,522.
12,459,586.
17,986,438.

2010
31,191,174.
7,821,009.
7,516,910.
15,853,255.
4,798,456.
413,976,778.
4,118,791.
20,774,450.
371,280,948.
17,802,589.
449,966,408.
31,265,658.
579,700.
11,488,944.
121,158,730.
268,532,972.
18,688,166.
15,430,262.
253,102,710.
15,371,118.
16,999,548.

41,144,667.
22,421,218.
18,723,449.
4,511,166.
14,212,283.
6,078,257.
9,718,918.
9,517,584.
10,571,622.
7,149,310.

45,011,184.
22,465,506.
22,545,678.
4,083,385.
18,462,293.
5,867,378.
11,914,322.
11,344,090.
12,415,279.
8,283,817.

(Thousand Rupees)
2011
2012
37,761,572. 43,275,849.
8,603,110.
9,463,421.
8,762,745. 10,906,250.
20,395,717. 22,906,178.
5,717,786.
7,987,705.
472,409,254. 581,038,152.
4,015,317.
6,203,051.
49,993,200. 38,916,192.
399,560,790. 514,702,444.
18,839,947. 21,216,465.
515,888,612. 632,301,706.
36,479,765. 43,351,703.
1,679,121.
1,029,292.
1,361,754. 10,720,935.
195,789,638. 267,682,679.
262,143,554. 288,920,715.
20,452,465. 20,667,561.
17,703,717. 17,805,032.
244,439,837. 271,115,683.
18,095,123. 18,475,755.
18,043,374. 19,925,659.
51,828,897.
26,696,185.
25,132,712.
3,009,024.
22,123,688.
7,263,796.
14,129,619.
13,289,101.
15,257,865.
10,256,173.

49,512,005.
31,180,990.
18,331,015.
650,560.
17,680,455.
14,244,897.
15,778,911.
14,686,046.
16,146,441.
11,882,367.

711,001.
782,101.
860,311.
946,342.
40.%
40.%
50.%
65.%
10.%
10.%
10.%
10.%
10,687,333. 36,199,585. 86,857,938. 75,355,317.
120,551,592. 108,128,287. 173,528,427. 138,568,953.
45.51%
4.48%
27.65%
1.71%
1.45%
3.4%
54.49%
.9
20.58%
1.57
10.06

50.09%
5.01%
26.56%
1.84%
1.3%
4.1%
49.91%
.91
23.42%
1.93
10.59

48.49%
4.87%
27.16%
1.99%
1.41%
4.29%
51.51%
.87
23.91%
1.83
11.92

37.02%
2.9%
27.46%
1.88%
2.25%
2.8%
62.98%
.91
24.75%
1.03
12.56

6.63%
22.63%
56.74%
78.61%
92.85%
75.99%
67.79%

7.08%
26.93%
56.25%
82.51%
92.%
72.33%
68.49%

7.4%
37.95%
47.38%
77.45%
91.57%
65.61%
58.31%

7.02%
42.33%
42.88%
81.4%
91.89%
56.13%
52.19%

6.51%
5.02%
62.96%

6.96%
5.75%
59.91%

7.8%
6.75%
54.16%

7.15%
6.16%
47.76%

35.97%
77.04%

26.46%
82.57%

17.%
86.56%

3.65%
86.15%

6.18%
4.66
36.37
12.72

6.93%
3.47
39.88
11.9

7.32%
4.6
43.89
10.58

6.84%
3.2
45.73
11.89

1.49

4.37

8.47

6.34

Financial Statement Analysis of Financia

ASKARI BANK LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
12,034,895.
4,058,774.
7,667,141.
308,980.
936,468.
193,219,775.
2,584,828.
15,190,148.
167,676,572.
7,768,227.
206,191,138.
16,029,635.
3,954,814.
4,479,754.
35,677,755.
139,830,973.
11,689,417.
11,012,731.
128,818,242.
8,266,458.
8,964,480.
18,393,313.
10,650,719.
7,742,594.
4,072,597.
3,669,997.
2,707,000.
5,915,615.
5,904,169.
461,382.
386,225.
405,877.
0.0
25.%
2,596,563.
202,238,722.
42.09%
3.76%
3.21%
.19%
1.31%
1.78%
57.91%
12.8
28.04%
2.18
.95
9.69%
17.3%
62.48%
81.32%
93.71%
83.39%
76.47%
8.36%
7.88%
97.13%

4.NPLs write off to NPLs provisions (D4/C7)


36.98%
5.Provision against NPL to NPLs (C7/C6)
94.21%
I.Capital /leverage ratios
1.Capital ratio (A/C)
5.84%
2.Commitments & contingencies to total equity (E5/A) (times)
16.8
3.Break up value per share (A/E1)
29.65
4.Total deposit to total equity (B3/A) (times)
13.93
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 6.72
39

2012

inancial Statement Analysis of Financial Sector

2009
13,164,224.
5,073,467.
7,287,041.
803,716.
1,823,647.
239,365,567.
2,945,670.
19,300,163.
205,912,903.
11,206,831.
254,353,438.
19,385,850.
8,374,640.
4,649,059.
66,885,617.
147,633,745.
17,725,451.
12,593,844.
135,039,901.
9,332,361.
10,686,010.

2010
14,819,933.
6,427,440.
7,712,855.
679,638.
1,212,292.
298,747,904.
3,089,984.
25,554,777.
255,908,149.
14,194,994.
314,780,129.
22,565,190.
3,787,538.
9,194,186.
102,100,063.
168,435,880.
21,598,648.
15,651,626.
152,784,254.
10,084,422.
14,264,476.

22,590,230.
13,542,210.
9,048,020.
2,914,893.
6,133,127.
2,625,545.
7,159,061.
7,124,693.
1,599,691.
1,068,864.

27,954,956.
17,931,715.
10,023,241.
3,035,725.
6,987,516.
2,234,053.
8,009,956.
7,937,367.
1,249,627.
919,461.

(Thousand Rupees)
2011
2012
16,585,997. 17,787,356.
7,070,184.
8,130,711.
8,135,795.
8,541,776.
1,380,018.
1,114,869.
1,295,861.
2,040,025.
325,983,862. 333,383,893.
2,756,032.
3,700,156.
17,274,979.
8,376,740.
291,499,395. 306,929,729.
14,453,456. 14,377,268.
343,865,720. 353,211,274.
26,168,206. 24,435,422.
6,236,116.
8,865,303.
1,613,584.
6,341,474.
133,655,387. 145,354,253.
167,381,246. 162,855,583.
23,645,541. 26,518,448.
16,668,690. 19,127,748.
150,712,556. 143,727,835.
9,451,033.
8,901,522.
16,028,838. 15,585,465.
32,768,950.
22,699,089.
10,069,861.
1,771,471.
8,298,390.
3,017,770.
8,874,165.
8,787,381.
2,454,944.
1,705,207.

32,404,345.
22,973,385.
9,430,960.
2,693,356.
6,737,604.
4,316,216.
9,315,577.
9,226,563.
1,766,057.
1,289,145.

507,347.
642,744.
707,018.
813,071.
0.0
0.0
0.0
0.0
20.%
10.%
15.%
0.0
36,871,225. 35,789,356. 36,472,843. 10,998,418.
106,574,473. 196,716,932. 165,250,062. 192,114,856.
40.05%
3.56%
8.12%
.42%
1.03%
2.41%
59.95%
4.45
28.39%
2.71
2.11

35.85%
3.18%
6.2%
.29%
.71%
2.22%
64.15%
6.35
26.53%
3.55
1.43

30.73%
2.93%
10.28%
.5%
.88%
2.41%
69.27%
3.58
24.8%
2.91
2.41

29.1%
2.67%
7.25%
.36%
1.22%
1.91%
70.9%
5.22
25.37%
2.14
1.59

10.91%
26.3%
53.09%
80.96%
94.11%
71.7%
65.55%

8.37%
32.44%
48.54%
81.3%
94.91%
65.82%
59.84%

9.42%
38.87%
43.83%
84.77%
94.8%
57.42%
54.21%

9.43%
41.15%
40.69%
86.9%
94.39%
53.06%
51.65%

12.01%
8.53%
134.65%

12.82%
9.29%
145.74%

14.13%
9.96%
142.56%

16.28%
11.75%
149.09%

23.15%
71.05%

19.4%
72.47%

10.63%
70.49%

14.08%
72.13%

5.18%
8.1
25.95
15.64

4.71%
13.27
23.06
17.27

4.82%
9.96
23.46
17.58

5.04%
10.8
21.88
17.26

34.5

38.92

21.39

8.53

Financial Statement Analysis of Financia

BANK AL-HABIB LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
9,967,204.
4,785,388.
3,062,830.
2,118,986.
1,665,205.
165,690,582.
2,232,334.
12,369,743.
144,389,563.
6,698,942.
177,322,991.
11,936,275.
3,621,152.
295,396.
48,234,497.
101,402,372.
862,550.
1,205,376.
100,196,996.
9,166,020.
3,872,655.
14,586,841.
8,004,294.
6,582,547.
1,149,345.
5,433,202.
2,416,304.
4,374,426.
4,306,759.
3,578,532.
2,425,016.
478,538.
12.5%
27.5%
16,856,703.
59,797,421.
45.13%
3.71%
24.33%
1.37%
1.36%
3.06%
54.87%
1.2
25.73%
1.78
5.07
8.77%
27.2%
56.51%
81.43%
93.44%
70.23%
64.69%
.85%
1.19%
8.65%

4.NPLs write off to NPLs provisions (D4/C7)


95.35%
5.Provision against NPL to NPLs (C7/C6)
139.75%
I.Capital /leverage ratios
1.Capital ratio (A/C)
5.62%
2.Commitments & contingencies to total equity (E5/A) (times)
6.
3.Break up value per share (A/E1)
20.83
4.Total deposit to total equity (B3/A) (times)
14.49
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 6.95
40

2012

inancial Statement Analysis of Financial Sector

2009
12,286,874.
6,101,370.
3,664,925.
2,520,579.
1,818,084.
235,701,642.
3,187,383.
33,517,109.
189,280,062.
9,717,088.
249,806,600.
14,377,589.
4,626,726.
111,017,701.
108,373,012.
2,067,656.
2,387,693.
105,985,319.
9,561,955.
4,237,310.

2010
14,744,106.
7,321,643.
4,392,264.
3,030,199.
1,472,677.
285,579,563.
2,989,989.
22,579,348.
249,760,885.
10,249,341.
301,796,346.
19,000,990.
2,132,806.
0.0
1,139,268.
137,234,656.
129,083,773.
2,943,863.
3,310,481.
125,773,292.
10,264,310.
6,251,024.

22,120,105.
13,053,137.
9,066,968.
1,183,026.
7,883,942.
1,836,082.
5,207,953.
5,045,731.
4,512,071.
2,856,294.

27,480,798.
16,666,489.
10,814,309.
946,451.
9,867,858.
2,187,640.
6,331,063.
6,225,457.
5,724,435.
3,667,980.

610,137.
20.%
20.%
65,727,310.
63,417,914.

(Thousand Rupees)
2011
17,878,659.
8,785,972.
5,324,689.
3,767,998.
2,132,629.
364,514,326.
4,979,720.
43,441,594.
302,097,187.
13,995,825.
384,525,614.
22,957,988.
6,744,643.
223,105,101.
119,994,310.
3,203,630.
5,131,178.
114,863,132.
10,791,345.
6,063,405.

2012
21,283,639.
10,103,868.
6,464,546.
4,715,225.
2,894,776.
429,175,527.
5,257,191.
69,622,055.
340,386,558.
13,909,723.
453,353,942.
27,464,345.
9,747,248.
0.0
993,981.
249,923,504.
153,453,820.
3,705,730.
5,593,992.
147,859,828.
11,211,423.
6,153,613.

36,529,237.
22,372,988.
14,156,249.
1,820,779.
12,335,470.
2,607,806.
7,784,283.
7,621,965.
7,158,993.
4,537,104.

41,474,034.
26,105,028.
15,369,006.
466,087.
14,902,918.
3,058,834.
9,032,511.
9,032,511.
8,929,242.
5,510,520.

732,164.
878,597.
20.%
25.%
20.%
15.%
30,127,758. 94,364,848.
60,004,910. 106,642,467.

1,010,387.
30.%
36,872,715.
107,919,532.

40.99%
3.63%
23.25%
1.14%
.74%
3.16%
59.01%
1.12
21.74%
2.75
4.68

39.35%
3.58%
24.88%
1.22%
.72%
3.27%
60.65%
1.09
21.34%
2.85
5.01

38.75%
3.68%
25.38%
1.18%
.68%
3.21%
61.25%
1.06
19.89%
2.92
5.16

37.06%
3.39%
25.89%
1.22%
.67%
3.29%
62.94%
1.01
20.28%
2.95
5.45

7.61%
44.44%
42.43%
75.77%
94.35%
57.26%
48.64%

7.%
45.47%
41.67%
82.76%
94.63%
51.68%
47.4%

7.72%
58.02%
29.87%
78.56%
94.8%
39.72%
34.73%

8.21%
55.13%
32.61%
75.08%
94.67%
45.08%
37.43%

1.91%
2.2%
16.83%

2.28%
2.56%
19.97%

2.67%
4.28%
17.92%

2.41%
3.65%
17.41%

49.55%
115.48%

28.59%
112.45%

35.48%
160.17%

8.33%
150.96%

4.92%
5.16
20.14
15.41

4.89%
4.07
20.14
16.94

4.65%
5.96
20.35
16.9

4.69%
5.07
21.06
15.99

23.01

8.21

20.8

6.69

Financial Statement Analysis of Financia

BANK ALFALAH LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
14,608,523.
7,995,000.
3,166,056.
3,447,467.
2,436,216.
331,946,025.
3,452,031.
13,690,222.
300,732,858.
14,070,914.
348,990,764.
32,687,335.
21,581,043.
3,315,500.
75,973,238.
197,931,671.
6,140,683.
191,790,988.
13,773,293.
9,869,367.
30,966,638.
20,494,355.
10,472,283.
3,543,357.
6,928,926.
4,822,924.
9,957,130.
9,805,790.
1,794,720.
1,301,301.
799,500.
0.0
12.5%
2,499,606.
121,702,262.
33.82%
3.%
8.91%
.37%
1.38%
1.99%
66.18%
5.46
27.82%
2.03
1.63
15.55%
21.77%
54.96%
86.17%
95.12%
65.82%
62.95%
0.0
3.1%
0.0

4.NPLs write off to NPLs provisions (D4/C7)


57.7%
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
4.19%
2.Commitments & contingencies to total equity (E5/A) (times)
8.33
3.Break up value per share (A/E1)
18.27
4.Total deposit to total equity (B3/A) (times)
20.59
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 1.92
41

2012

inancial Statement Analysis of Financial Sector

2009
17,055,606.
13,491,563.
3,587,969.
-23926
4,626,589.
367,612,072.
3,766,144.
20,653,921.
324,743,389.
18,448,618.
389,294,267.
35,056,025.
22,722,927.
14,947,435.
99,279,438.
196,802,164.
0.0 15,585,716.
8,780,672.
188,021,492.
14,552,454.
14,714,496.

2010
17,238,003.
13,491,563.
3,819,133.
-72693
4,410,008.
390,155,871.
4,521,533.
13,700,124.
354,010,690.
17,923,524.
411,803,882.
41,197,841.
16,180,533.
6,497,556.
113,622,561.
217,822,143.
17,710,312.
10,670,089.
207,152,054.
14,251,595.
12,901,742.

35,554,930.
24,709,878.
10,845,052.
3,451,912.
7,393,140.
5,202,233.
11,346,473.
11,009,954.
437,664.
-97904

37,530,398.
23,854,578.
13,675,820.
2,411,846.
11,263,974.
4,903,726.
12,835,658.
12,658,021.
2,065,110.
1,166,983.

(Thousand Rupees)
2011
2012
22,839,886. 25,689,740.
13,491,563. 13,491,563.
4,100,264.
5,636,549.
5,248,059.
6,561,628.
2,937,152.
4,557,662.
442,396,764. 506,219,292.
5,403,453.
8,430,910.
18,168,978. 21,227,834.
401,245,675. 457,118,723.
17,578,658. 19,441,825.
468,173,802. 536,466,694.
50,882,662. 58,044,054.
17,424,524. 26,720,993.
7,765,407.
876,870.
166,648,636. 189,486,762.
211,397,355. 248,345,992.
19,096,614. 22,181,548.
12,928,843. 14,412,634.
198,468,512. 233,933,358.
13,388,683. 13,747,520.
13,595,378. 13,657,137.
44,298,178.
25,687,485.
18,610,693.
4,329,500.
14,281,193.
5,367,713.
14,215,188.
13,832,096.
5,433,716.
5,948,685.

46,079,918.
27,500,056.
18,579,862.
3,558,532.
15,021,330.
7,281,340.
15,519,468.
15,204,036.
6,783,202.
4,556,121.

1,349,156.
1,349,156.
1,349,156.
1,349,156.
8.%
0.0
17.5%
20.%
0.0
0.0
0.0
0.0
19,947,703. 18,101,276. 53,536,423. 49,944,024.
159,052,924. 179,210,913. 189,279,494. 124,627,168.
30.5%
2.79%
-.57%
-.03%
1.34%
1.9%
69.5%
25.16
27.84%
2.12
-.07

36.44%
3.32%
6.77%
.28%
1.19%
2.74%
63.56%
6.13
30.25%
2.58
.86

42.01%
3.98%
26.05%
1.27%
1.15%
3.05%
57.99%
2.55
28.62%
2.58
4.41

40.32%
3.46%
17.74%
.85%
1.36%
2.8%
59.68%
2.24
29.08%
2.09
3.38

14.84%
25.5%
48.3%
83.42%
94.43%
60.6%
56.98%

13.93%
27.59%
50.3%
85.97%
94.74%
61.53%
59.24%

14.59%
35.6%
42.39%
85.7%
94.49%
52.69%
50.4%

15.8%
35.32%
43.61%
85.21%
94.36%
54.33%
51.92%

7.92%
4.46%
91.38%

8.13%
4.9%
102.74%

9.03%
6.12%
83.61%

8.93%
5.8%
86.34%

39.31%
56.34%

22.6%
60.25%

33.49%
67.7%

24.69%
64.98%

4.38%
9.33
12.64
19.04

4.19%
10.4
12.78
20.54

4.88%
8.29
16.93
17.57

4.79%
4.85
19.04
17.79

-203.75

15.51

9.

10.96

Financial Statement Analysis of Financia

BANKISLAMI PAKISTAN LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
5,181,372.
5,279,679.
0.0
-98307
10,449.
13,896,779.
353,646.
245,939.
12,477,955.
819,239.
19,088,600.
2,175,413.
2,207,490.
40,351.
5,019,525.
6,687,460.
186,093.
159,929.
6,527,531.
1,910,648.
1,207,642.
1,468,688.
729,528.
739,160.
130,556.
608,604.
196,139.
229,152.
1,028,232.
-229152
-52930
527,968.
0.0
0.0
1,109,403.
1,751,914.
50.33%
3.87%
-1.02%
-.28%
1.03%
3.19%
49.67%
-4.49
13.76%
5.24
-.1
22.96%
26.3%
34.2%
65.37%
72.8%
53.59%
52.56%
2.78%
2.39%
3.59%

4.NPLs write off to NPLs provisions (D4/C7)


81.63%
5.Provision against NPL to NPLs (C7/C6)
85.94%
I.Capital /leverage ratios
1.Capital ratio (A/C)
27.14%
2.Commitments & contingencies to total equity (E5/A) (times)
.34
3.Break up value per share (A/E1)
9.81
4.Total deposit to total equity (B3/A) (times)
2.41
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)-20.96
42

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
4,690,622.
4,734,004.
5,143,560.
5,554,413.
5,279,679.
5,279,679.
5,279,679.
5,279,679.
0.0
9,310.
91,221.
173,392.
-589057
-554985
-227340
101,342.
29,776.
32,382.
169,078.
18,041.
29,472,124. 40,269,317. 53,508,676. 68,663,576.
485,608.
563,020.
798,853.
1,251,010.
156,160.
353,000.
800,000.
1,621,415.
27,911,651. 38,198,320. 50,568,785. 64,216,485.
918,705.
1,154,977.
1,341,038.
1,574,666.
34,192,522. 45,035,703. 58,821,314. 74,236,030.
4,217,520.
3,035,148.
4,684,826.
4,938,707.
2,059,808.
569,622.
549,277.
806,110.
4,018,813.
4,513,132.
4,436,264.
8,475,672.
6,653,447. 13,732,132. 21,067,082. 28,994,462.
10,707,012. 19,894,682. 25,054,954. 27,933,829.
788,665.
741,680.
838,101.
1,205,222.
249,709.
328,972.
389,495.
500,567.
10,457,303. 19,565,710. 24,665,459. 27,433,262.
2,375,515.
2,066,680.
1,811,628.
1,913,106.
4,410,116.
1,553,279.
1,606,778.
1,674,711.
2,181,887.
1,215,019.
966,868.
111,198.
855,670.
342,687.
1,770,664.
170,047.
-572307
-483598

3,809,955.
2,049,453.
1,760,502.
5,247.
1,755,255.
207,168.
1,920,590.
1,897,405.
41,833.
41,159.

5,502,154.
2,883,355.
2,618,799.
60,523.
2,558,276.
226,709.
2,176,398.
2,139,128.
608,587.
409,556.

5,975,306.
3,506,965.
2,468,341.
96,072.
2,372,269.
533,932.
2,279,759.
2,271,642.
626,442.
410,853.

527,968.
0.0
0.0
4,472,916.
1,439,984.

527,968.
0.0
0.0
4,261,151.
4,467,998.

527,968.
0.0
0.0
8,826,592.
4,614,660.

527,968.
0.0
0.0
9,052,857.
7,391,771.

44.31%
2.83%
-10.31%
-1.41%
1.%
2.5%
55.69%
-.3
70.14%
.5
-.92

46.21%
3.91%
.87%
.09%
.46%
3.9%
53.79%
45.36
47.81%
9.16
.08

47.6%
4.45%
7.96%
.7%
.39%
4.35%
52.4%
3.51
37.99%
9.44
.78

41.31%
3.32%
7.4%
.55%
.72%
3.2%
58.69%
3.63
35.02%
4.25
.78

18.36%
19.46%
30.58%
81.63%
86.19%
38.36%
38.15%

8.%
30.49%
43.44%
84.82%
89.42%
52.08%
51.61%

8.9%
35.82%
41.93%
85.97%
90.97%
49.55%
48.77%

7.74%
39.06%
36.95%
86.5%
92.49%
43.5%
42.43%

7.37%
2.33%
16.81%

3.73%
1.65%
15.67%

3.35%
1.55%
16.29%

4.31%
1.79%
21.7%

44.53%
31.66%

1.59%
44.35%

15.54%
46.47%

19.19%
41.53%

13.72%
.31
8.88
5.95

10.51%
.94
8.97
8.07

8.74%
.9
9.74
9.83

7.48%
1.33
10.52
11.56

-9.25

103.53

21.55

22.03

Financial Statement Analysis of Financia

BURJ BANK LIMITED


2008
Items
A.Total equity (A1 to A3)
4,085,091.
1.Share capital
4,001,333.
2.Reserves
16,751.
3.Un appropriated profit
67,007.
-10281
4.Others
B.Total liabilities(B1 to B4)
5,406,327.
1.Bills payable
20,138.
2.Borrowings from financial institutions
50,704.
3.Deposits and other accounts
5,063,393.
4.Other/misc. liabilities
272,092.
C.Total assets (C1 to C4 + C8 to C10)
9,481,137.
1.Cash and balances with treasury banks
418,948.
2.Balances with other banks
255,703.
3.Lending to financial institutions
250,040.
4.Investments
2,045,146.
5.Gross advances
5,645,609.
6.Advances-non-performing/classified
50,000.
7.Provision against advances
5,732.
8.Advances net of provision (C5-C7)
5,639,877.
9.Fixed assets
417,364.
10.Other/misc. assets
454,059.
D.Profit & loss account
1.Markup/interest earned
855,374.
2.Markup/interest expensed
403,500.
3.Net markup/interest income
451,874.
4.Provisions and write-offs
3,875.
5.Net markup/interest income after provisions
447,999.
6.Non-markup/interest income
494,273.
7.Non-markup/interest expenses
434,161.
8.Administrative expenses
433,996.
9.Profit/(loss) before taxation
60,111.
10.Profit/(loss) after taxation
32,727.
E.Other items
1.No. of ordinary shares (000)
400,133.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
660,132.
5.Commitments and contigencies
2,217,021.
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
52.83%
2.Net markup/interest margin (D1-D2)/C
4.77%
3.Return on equity (ROE) (D10/A)
.8%
4.Return on assets (ROA) (D10/C)
.35%
5.Non-markup/interest income to total assets (D6/C)
5.21%
6.Net markup/interest income(after prov.) to total assets(D5/C)
4.73%
7.Markup/interest expense to markup/interest income (D2/D1)
47.17%
8.Admin. expense to profit before tax. (D8/D9) (times)
7.22
9.Non-markup/interest expense to total income D7/(D1+D6)
32.17%
10.Admin. expense to non-markup/interest income (D8/D6) (times)
.88
11.Earning per share (D10/E1)
.08
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
7.12%
2.Investment to total assets (C4/C)
21.57%
3.Advances net of provisions to total assets (C8/C)
59.49%
4.Deposits to total assets (B3/C)
53.4%
5.Total liabilities to total assets (B/C)
57.02%
6.Gross advances to deposits (C5/B3)
111.5%
7.Gross advances to borrowing & deposit C5/(B2+B3)
110.39%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
.89%
2.Provisions against NPLs to gross advances (C7/C5)
.1%
3.NPLs to shareholders equity (C6/A)
1.22%

4.NPLs write off to NPLs provisions (D4/C7)


67.6%
5.Provision against NPL to NPLs (C7/C6)
11.46%
I.Capital /leverage ratios
1.Capital ratio (A/C)
43.09%
2.Commitments & contingencies to total equity (E5/A) (times)
.54
3.Break up value per share (A/E1)
10.21
4.Total deposit to total equity (B3/A) (times)
1.24
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 20.17
43

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
4,801,589.
4,266,067.
5,777,579.
5,864,255.
5,010,458.
5,010,458.
7,410,458.
7,410,458.
16,751.
16,751.
16,751.
2,030.
-225620
-761142
-1649630
-1548233
40,191.
59,916.
26,999.
73,226.
8,166,895. 13,349,703. 21,851,637. 41,247,971.
58,263.
86,867.
210,932.
390,795.
1,094,375.
287,291.
447,300.
3,087,150.
6,784,750. 12,636,083. 20,341,241. 35,922,038.
229,507.
339,462.
852,164.
1,847,988.
13,008,675. 17,675,686. 27,656,215. 47,185,452.
675,988.
1,324,461.
1,379,696.
2,452,464.
577,349.
400,468.
2,215,636.
907,255.
2,857,942.
2,679,753.
0.0
2,861,751.
5,050,878.
9,982,793. 17,156,398.
5,001,443.
6,236,849. 13,233,151. 24,077,313.
731,740.
1,153,118.
1,020,934.
1,029,984.
237,821.
620,647.
802,014.
706,781.
4,763,622.
5,616,202. 12,431,137. 23,370,532.
600,626.
646,645.
671,890.
1,130,246.
671,397.
1,957,279.
975,063.
2,168,557.
1,131,873.
1,263,461.
2,375,585.
3,603,352.
650,752.
726,325.
1,423,171.
2,594,187.
481,121.
537,136.
952,414.
1,009,165.
257,089.
406,279.
251,580. -173859
224,032.
130,857.
700,834.
1,183,024.
56,818.
64,260.
188,537.
456,150.
686,002.
1,019,677.
1,236,279.
1,605,828.
685,677.
986,592.
1,229,345.
1,613,203.
-405152
-824560
-346908
33,346.
-292627
-535522
-288488
84,646.
501,046.
0.0
0.0
654,955.
1,911,426.

501,046.
0.0
0.0
2,667,586.
5,704,888.

741,046.
0.0
0.0
5,394,077.
1,296,300.

741,046.
0.0
0.0
7,024,807.
3,709,955.

42.51%
3.7%
-6.09%
-2.25%
.44%
1.72%
57.49%
-1.69
57.71%
12.07
-.58

42.51%
3.04%
-12.55%
-3.03%
.36%
.74%
57.49%
-1.2
76.8%
15.35
-1.07

40.09%
3.44%
-4.99%
-1.04%
.68%
2.53%
59.91%
-3.54
48.21%
6.52
-.39

28.01%
2.14%
1.44%
.18%
.97%
2.51%
71.99%
48.38
39.56%
3.54
.11

9.63%
22.%
36.62%
52.16%
62.78%
73.72%
63.48%

9.76%
28.58%
31.77%
71.49%
75.53%
49.36%
48.26%

13.%
36.1%
44.95%
73.55%
79.01%
65.06%
63.66%

7.12%
36.36%
49.53%
76.13%
87.42%
67.03%
61.72%

14.63%
4.76%
15.24%

18.49%
9.95%
27.03%

7.71%
6.06%
17.67%

4.28%
2.94%
17.56%

0.0

108.1%
32.5%

65.46%
53.82%

31.37%
78.56%

-24.6%
68.62%

36.91%
.4
9.58
1.41

24.14%
1.34
8.51
2.96

20.89%
.22
7.8
3.52

12.43%
.63
7.91
6.13

-2.24

-4.98

-18.7

82.99

Financial Statement Analysis of Financia

DUBAI ISLAMIC BANK PAKISTAN LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
5,055,260.
6,017,780.
0.0
-962520
10,867.
26,983,946.
283,188.
0.0
25,458,910.
1,241,848.
32,050,073.
2,691,572.
3,273,878.
1,329,832.
3,019,266.
18,330,344.
286,024.
256,843.
18,073,501.
1,740,923.
1,921,101.
2,723,796.
1,377,542.
1,346,254.
156,077.
1,190,177.
335,552.
271,806.
1,791,282.
-271806
-181822
601,778.
0.0
0.0
2,523,494.
21,322,168.
49.43%
4.2%
-3.6%
-.57%
1.05%
3.71%
50.57%
-6.59
8.88%
5.34
-.3
18.61%
9.42%
56.39%
79.43%
84.19%
72.%
72.%
1.56%
1.4%
5.66%

4.NPLs write off to NPLs provisions (D4/C7)


60.77%
5.Provision against NPL to NPLs (C7/C6)
89.8%
I.Capital /leverage ratios
1.Capital ratio (A/C)
15.77%
2.Commitments & contingencies to total equity (E5/A) (times)
4.22
3.Break up value per share (A/E1)
8.4
4.Total deposit to total equity (B3/A) (times)
5.04
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)-13.88
44

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
6,040,247.
6,048,321.
6,238,807.
6,784,505.
6,776,030.
6,776,030.
6,776,030.
6,976,030.
45,347.
46,961.
85,058.
69,140.
-781130
-774670
-622281
-260665
18.
18. -4758
82,738.
29,328,629. 33,840,397. 41,962,400. 56,633,462.
279,493.
411,944.
394,426.
659,035.
125,000.
950,000.
1,898,500.
1,600,000.
27,980,906. 31,414,908. 38,491,607. 53,110,048.
943,230.
1,063,545.
1,177,867.
1,264,379.
35,368,894. 39,888,736. 48,196,449. 63,500,705.
2,932,264.
3,197,884.
3,429,994.
4,196,103.
2,430,437.
3,455,665.
1,116,928.
5,660,301.
2,591,905.
1,020,725.
3,826,084.
3,206,945.
2,822,723.
5,945,370. 12,937,179. 21,334,833.
20,961,592. 23,532,837. 24,457,951. 27,076,428.
719,088.
1,858,799.
2,130,721.
2,494,271.
371,979.
553,203.
568,908.
761,761.
20,589,613. 22,979,634. 23,889,043. 26,314,667.
1,727,298.
1,703,588.
1,597,770.
1,535,272.
2,274,654.
1,585,870.
1,399,451.
1,252,584.
3,647,145.
1,805,943.
1,841,202.
115,136.
1,726,066.
365,353.
1,739,369.
1,724,467.
352,050.
226,737.

4,071,552.
2,129,570.
1,941,982.
181,224.
1,760,758.
366,335.
2,109,362.
2,095,563.
17,731.
8,074.

4,632,785.
2,395,995.
2,236,790.
10,075.
2,226,715.
457,136.
2,367,722.
2,337,312.
316,129.
190,486.

5,682,122.
2,807,792.
2,874,330.
192,853.
2,681,477.
695,344.
2,875,816.
2,846,195.
501,005.
345,698.

677,603.
0.0
0.0
-1285767
17,830,878.

677,603.
0.0
0.0
4,676,276.
5,704,888.

677,603.
0.0
0.0
4,983,772.
10,461,483.

677,603.
0.0
0.0
13,506,038.
9,106,647.

50.48%
5.21%
3.75%
.64%
1.03%
4.88%
49.52%
4.9
43.35%
4.72
.33

47.7%
4.87%
.13%
.02%
.92%
4.41%
52.3%
118.19
47.53%
5.72
.01

48.28%
4.64%
3.05%
.4%
.95%
4.62%
51.72%
7.39
46.52%
5.11
.28

50.59%
4.53%
5.1%
.54%
1.1%
4.22%
49.41%
5.68
45.09%
4.09
.51

15.16%
7.98%
58.21%
79.11%
82.92%
74.91%
74.58%

16.68%
14.9%
57.61%
78.76%
84.84%
74.91%
72.71%

9.43%
26.84%
49.57%
79.86%
87.07%
63.54%
60.55%

15.52%
33.6%
41.44%
83.64%
89.19%
50.98%
49.49%

3.43%
1.77%
11.9%

7.9%
2.35%
30.73%

8.71%
2.33%
34.15%

9.21%
2.81%
36.76%

30.95%
51.73%

32.76%
29.76%

1.77%
26.7%

25.32%
30.54%

17.08%
2.95
8.91
4.63

15.16%
.94
8.93
5.19

12.94%
1.68
9.21
6.17

10.68%
1.34
10.01
7.83

-5.67

579.18

26.16

39.07

Financial Statement Analysis of Financia

FAYSAL BANK LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
10,135,987.
5,296,445.
3,790,023.
1,049,519.
636,121.
127,469,378.
1,536,517.
13,027,468.
102,776,793.
10,128,600.
138,241,486.
8,927,524.
876,780.
2,861,401.
36,152,537.
88,620,641.
7,446,481.
5,108,573.
83,512,068.
2,646,978.
3,264,198.
13,404,132.
8,454,755.
4,949,377.
2,047,362.
2,902,015.
5,212,608.
1,796,537.
3,257,843.
1,796,537.
1,114,952.
529,645.
0.0
15.%
1,882,246.
51,941,751.
36.92%
3.58%
11.%
.81%
3.77%
2.1%
63.08%
1.81
9.65%
.62
2.11
7.09%
26.15%
60.41%
74.35%
92.21%
86.23%
76.53%
8.4%
5.76%
73.47%

4.NPLs write off to NPLs provisions (D4/C7)


40.08%
5.Provision against NPL to NPLs (C7/C6)
68.6%
I.Capital /leverage ratios
1.Capital ratio (A/C)
7.33%
2.Commitments & contingencies to total equity (E5/A) (times)
5.12
3.Break up value per share (A/E1)
19.14
4.Total deposit to total equity (B3/A) (times)
10.14
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 1.69
45

2012

inancial Statement Analysis of Financial Sector

2009
11,373,147.
6,090,911.
4,030,056.
1,252,180.
1,519,902.
167,899,404.
1,465,451.
34,985,766.
123,469,683.
7,978,504.
180,792,453.
8,427,202.
508,795.
15,017,826.
56,459,447.
98,384,470.
10,671,030.
7,038,469.
91,346,001.
2,787,617.
6,245,565.

2010
16,614,625.
7,309,094.
7,354,688.
1,950,843.
-96855
250,803,153.
3,218,859.
34,635,904.
195,315,204.
17,633,186.
267,320,923.
17,428,924.
5,727,909.

16,957,875.
11,946,579.
5,011,296.
2,191,883.
2,819,413.
2,804,695.
4,312,044.
4,285,459.
1,320,043.
1,212,527.

19,710,460.
13,919,256.
5,791,204.
2,201,824.
3,589,380.
4,012,338.
6,774,664.
6,644,072.
827,054.
1,190,329.

86,418,549.
151,206,409.
24,707,758.
17,499,640.
133,706,769.
8,726,406.
15,312,366.

(Thousand Rupees)
2011
2012
17,793,427. 18,728,891.
8,243,118.
9,273,508.
6,591,131.
6,309,083.
2,959,178.
3,146,300.
1,419,732.
2,249,013.
273,354,667. 292,086,428.
3,075,642.
4,244,494.
39,696,986. 35,568,109.
214,614,731. 240,712,826.
15,967,308. 11,560,999.
292,567,826. 313,064,332.
18,445,108. 24,508,852.
4,685,718.
1,209,313.
0.0
0.0
93,409,187. 87,995,224.
165,483,330. 190,851,275.
26,044,119. 27,549,729.
17,321,335. 18,552,070.
148,161,995. 172,299,205.
10,849,607. 10,859,963.
17,016,211. 16,191,775.
28,825,449.
19,619,095.
9,206,354.
695,245.
8,511,109.
4,070,369.
11,103,387.
10,813,919.
1,478,091.
1,280,296.

28,802,150.
19,838,745.
8,963,405.
1,400,820.
7,562,585.
5,281,719.
11,004,203.
10,810,261.
1,840,101.
1,422,882.

609,091.
730,909.
824,312.
927,351.
0.0
0.0
0.0
0.0
0.0
20.%
12.5%
12.5%
17,897,098.
8,881,898.
5,911,646. -4766930
79,757,936. 164,784,857. 173,978,654. 118,519,052.
29.55%
2.77%
10.66%
.67%
1.55%
1.56%
70.45%
3.25
21.82%
1.53
1.99

29.38%
2.17%
7.16%
.45%
1.5%
1.34%
70.62%
8.03
28.56%
1.66
1.63

31.94%
3.15%
7.2%
.44%
1.39%
2.91%
68.06%
7.32
33.75%
2.66
1.55

31.12%
2.86%
7.6%
.45%
1.69%
2.42%
68.88%
5.87
32.29%
2.05
1.53

4.94%
31.23%
50.53%
68.29%
92.87%
79.68%
62.09%

8.66%
32.33%
50.02%
73.06%
93.82%
77.42%
65.76%

7.91%
31.93%
50.64%
73.36%
93.43%
77.11%
65.07%

8.21%
28.11%
55.04%
76.89%
93.3%
79.29%
69.08%

10.85%
7.15%
93.83%

16.34%
11.57%
148.71%

15.74%
10.47%
146.37%

14.44%
9.72%
147.1%

0.0

31.14%
65.96%

12.58%
70.83%

4.01%
66.51%

7.55%
67.34%

6.29%
7.01
18.67
10.86

6.22%
9.92
22.73
11.76

6.08%
9.78
21.59
12.06

5.98%
6.33
20.2
12.85

14.76

7.46

4.62

-3.35

Financial Statement Analysis of Financia

HABIB BANK LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
61,290,814.
7,590,000.
22,882,318.
30,818,496.
3,753,597.
652,237,599.
9,781,077.
44,022,676.
572,399,187.
26,034,659.
717,282,010.
56,359,367.
32,720,391.
6,193,787.
127,786,754.
460,244,672.
36,086,044.
24,536,012.
435,708,660.
33,490,506.
25,022,545.
61,157,813.
25,523,572.
35,634,241.
9,295,235.
26,339,006.
10,336,517.
20,820,329.
20,253,578.
5,855,194.
10,000,980.
759,000.
55.%
20.%
-21380958
296,820,275.
58.27%
4.97%
16.32%
1.39%
1.44%
3.67%
41.73%
3.46
29.12%
1.96
13.18
12.42%
17.82%
60.74%
79.8%
90.93%
80.41%
74.66%
7.84%
5.33%
58.88%

4.NPLs write off to NPLs provisions (D4/C7)


37.88%
5.Provision against NPL to NPLs (C7/C6)
67.99%
I.Capital /leverage ratios
1.Capital ratio (A/C)
8.54%
2.Commitments & contingencies to total equity (E5/A) (times)
4.84
3.Break up value per share (A/E1)
80.75
4.Total deposit to total equity (B3/A) (times)
9.34
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) -2.14
46

2012

inancial Statement Analysis of Financial Sector

2009
75,133,715.
9,108,000.
27,527,380.
38,498,335.
9,236,083.
779,554,995.
10,041,542.
52,542,978.
682,750,079.
34,220,396.
863,924,793.
79,839,836.
40,366,687.
5,352,873.
216,467,532.
490,010,583.
49,438,255.
35,348,084.
454,662,499.
16,766,668.
50,468,698.

2010
86,842,059.
10,018,800.
29,355,555.
47,467,704.
9,408,712.
828,448,632.
9,775,093.
40,459,860.
747,374,799.
30,838,880.
924,699,403.
81,640,246.
37,413,185.
30,339,344.
254,909,116.
502,445,637.
53,607,643.
42,695,625.
459,750,012.
16,155,290.
44,492,210.

76,076,347.
33,405,813.
42,670,534.
9,089,659.
33,580,875.
11,159,612.
23,358,851.
22,745,955.
21,381,636.
13,400,749.

81,325,028.
34,330,255.
46,994,773.
7,585,664.
39,409,109.
12,762,431.
25,131,510.
24,252,960.
27,040,030.
17,034,380.

(Thousand Rupees)
2011
2012
100,147,132. 119,025,317.
11,020,680. 12,122,748.
32,145,755. 39,379,354.
56,980,697. 67,523,215.
9,439,856. 14,012,443.
1,029,967,2171,477,270,812
13,894,502. 18,943,207.
39,473,670. 196,580,548.
933,631,525. 1,214,963,700
42,967,520. 46,783,357.
1,139,554,2051,610,308,572
103,399,623. 157,229,517.
47,349,505. 47,980,032.
41,581,029. 24,828,255.
418,604,147. 797,094,548.
503,453,704. 545,788,112.
56,549,062. 56,236,494.
46,086,048. 45,970,206.
457,367,656. 499,817,906.
19,167,654. 23,632,324.
52,084,591. 59,725,990.
98,580,423. 116,772,653.
42,182,220. 59,012,392.
56,398,203. 57,760,261.
6,925,497.
6,767,037.
49,472,706. 50,993,224.
14,782,861. 15,960,106.
29,934,169. 32,062,123.
29,433,961. 31,061,370.
34,321,398. 34,891,207.
22,333,022. 22,355,740.

910,800.
1,001,880.
1,102,068.
1,212,275.
60.%
65.%
70.%
75.%
10.%
10.%
10.%
10.%
107,753,133. 42,055,186. 206,730,148. 404,298,555.
358,083,924. 253,403,791. 572,908,009. 584,090,071.
56.09%
4.94%
17.84%
1.55%
1.29%
3.89%
43.91%
1.06
26.78%
2.04
14.71

57.79%
5.08%
19.62%
1.84%
1.38%
4.26%
42.21%
.9
26.71%
1.9
17.

57.21%
4.95%
22.3%
1.96%
1.3%
4.34%
42.79%
.86
26.41%
1.99
20.26

49.46%
3.59%
18.78%
1.39%
.99%
3.17%
50.54%
.89
24.16%
1.95
18.44

13.91%
25.06%
52.63%
79.03%
90.23%
71.77%
66.64%

12.87%
27.57%
49.72%
80.82%
89.59%
67.23%
63.78%

13.23%
36.73%
40.14%
81.93%
90.38%
53.92%
51.74%

12.74%
49.5%
31.04%
75.45%
91.74%
44.92%
38.67%

10.09%
7.21%
65.8%

10.67%
8.5%
61.73%

11.23%
9.15%
56.47%

10.3%
8.42%
47.25%

25.71%
71.5%

17.77%
79.64%

15.03%
81.5%

14.72%
81.74%

8.7%
4.77
82.49
9.09

9.39%
2.92
86.68
8.61

8.79%
5.72
90.87
9.32

7.39%
4.91
98.18
10.21

8.04

2.47

9.26

18.08

Financial Statement Analysis of Financia

HABIB METROPOLITAN BANK LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
16,149,648.
6,022,020.
7,039,936.
3,087,692.
-1144998
167,706,203.
2,372,146.
30,372,598.
128,432,616.
6,528,843.
182,710,853.
11,401,384.
2,974,237.
98,176.
53,631,532.
110,391,364.
1,747,599.
2,130,105.
108,261,259.
1,583,360.
4,760,905.
15,870,172.
10,919,922.
4,950,250.
1,249,820.
3,700,430.
3,928,506.
3,233,784.
3,086,634.
4,740,110.
3,277,377.
602,202.
0.0
25.%
-6265387
80,361,851.
31.19%
2.71%
20.29%
1.79%
2.15%
2.03%
68.81%
.65
16.33%
.79
5.44
7.87%
29.35%
59.25%
70.29%
91.79%
85.95%
69.51%
1.58%
1.93%
10.82%

4.NPLs write off to NPLs provisions (D4/C7)


58.67%
5.Provision against NPL to NPLs (C7/C6)
121.89%
I.Capital /leverage ratios
1.Capital ratio (A/C)
8.84%
2.Commitments & contingencies to total equity (E5/A) (times)
4.98
3.Break up value per share (A/E1)
26.82
4.Total deposit to total equity (B3/A) (times)
7.95
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) -1.91
47

2012

inancial Statement Analysis of Financial Sector

2009
18,900,286.
7,527,525.
7,587,835.
3,784,926.
-148629
218,406,844.
3,111,467.
68,186,674.
142,185,495.
4,923,208.
237,158,501.
11,192,498.
4,836,399.
150,000.
111,679,520.
106,922,608.
6,364,665.
4,629,476.
102,293,132.
2,465,977.
4,540,975.

2010
20,956,902.
8,731,929.
8,151,443.
4,073,530.
-646585
231,820,564.
2,572,954.
62,529,729.
160,314,211.
6,403,670.
252,130,881.
13,923,393.
3,123,094.
3,190,399.
100,849,146.
127,350,007.
7,463,452.
7,522,371.
119,827,636.
3,387,452.
7,829,761.

21,376,259.
14,636,228.
6,740,031.
2,569,646.
4,141,160.
3,713,321.
3,656,972.
3,550,647.
4,226,734.
2,746,563.

23,281,800.
16,407,604.
6,874,196.
3,041,548.
3,832,648.
4,429,981.
4,335,039.
4,199,115.
4,027,590.
2,809,369.

(Thousand Rupees)
2011
2012
24,246,101. 26,067,383.
10,478,315. 10,478,315.
8,807,718.
9,488,277.
4,960,068.
6,100,791.
335,268.
2,186,254.
263,619,288. 272,486,173.
3,733,794.
4,092,268.
66,641,226. 41,569,169.
185,281,216. 217,670,832.
7,963,052.
9,153,904.
288,200,657. 300,739,810.
14,233,690. 16,918,780.
3,551,591.
5,151,149.
2,361,754.
147,459,163. 160,733,315.
119,679,648. 119,299,723.
15,427,848. 17,729,487.
10,022,934. 12,388,996.
109,656,714. 106,910,727.
3,230,658.
3,000,827.
7,707,087.
8,025,012.
27,263,385.
19,536,154.
7,727,231.
2,754,602.
4,972,629.
5,199,463.
5,527,286.
4,949,323.
4,644,806.
3,289,199.

27,154,883.
18,821,766.
8,333,117.
2,693,747.
5,639,370.
5,457,669.
6,059,044.
5,775,358.
5,037,995.
3,393,029.

752,753.
873,193.
1,047,831.
1,047,831.
10.%
0.0
15.%
20.%
16.%
20.%
0.0
0.0
58,187,921. -6943837
44,258,963. 17,498,743.
116,806,754. 200,438,547. 200,438,547. 127,978,834.
31.53%
2.84%
14.53%
1.16%
1.57%
1.75%
68.47%
.84
14.58%
.96
3.65

29.53%
2.73%
13.41%
1.11%
1.76%
1.52%
70.47%
1.04
15.64%
.95
3.22

28.34%
2.68%
13.57%
1.14%
1.8%
1.73%
71.66%
1.07
17.03%
.95
3.14

30.69%
2.77%
13.02%
1.13%
1.81%
1.88%
69.31%
1.15
18.58%
1.06
3.24

6.76%
47.09%
43.13%
59.95%
92.09%
75.2%
50.83%

6.76%
40.%
47.53%
63.58%
91.94%
79.44%
57.15%

6.17%
51.17%
38.05%
64.29%
91.47%
64.59%
47.51%

7.34%
53.45%
35.55%
72.38%
90.61%
54.81%
46.02%

5.95%
4.33%
33.67%

5.86%
5.91%
35.61%

12.89%
8.37%
63.63%

14.86%
10.38%
68.01%

0.0

55.51%
72.74%

40.43%
100.79%

27.48%
64.97%

21.74%
69.88%

7.97%
6.18
25.11
7.52

8.31%
9.56
24.
7.65

8.41%
8.27
23.14
7.64

8.67%
4.91
24.88
8.35

21.19

-2.47

13.46

5.16

Financial Statement Analysis of Financia

JS BANK LIMITED
2008
Items
A.Total equity (A1 to A3)
5,784,628.
1.Share capital
5,694,844.
2.Reserves
18,040.
3.Un appropriated profit
71,744.
-508791
4.Others
B.Total liabilities(B1 to B4)
16,351,965.
1.Bills payable
127,922.
2.Borrowings from financial institutions
537,655.
3.Deposits and other accounts
15,294,273.
4.Other/misc. liabilities
392,115.
C.Total assets (C1 to C4 + C8 to C10)
21,627,802.
1.Cash and balances with treasury banks
1,285,247.
2.Balances with other banks
672,271.
3.Lending to financial institutions
1,405,210.
4.Investments
5,138,709.
5.Gross advances
9,810,093.
6.Advances-non-performing/classified
455,504.
7.Provision against advances
129,644.
8.Advances net of provision (C5-C7)
9,680,449.
9.Fixed assets
2,496,883.
10.Other/misc. assets
949,033.
D.Profit & loss account
1.Markup/interest earned
1,975,203.
2.Markup/interest expensed
1,361,738.
3.Net markup/interest income
613,465.
4.Provisions and write-offs
11,218.
5.Net markup/interest income after provisions
602,247.
6.Non-markup/interest income
492,345.
7.Non-markup/interest expenses
983,367.
8.Administrative expenses
982,624.
9.Profit/(loss) before taxation
111,225.
10.Profit/(loss) after taxation
54,770.
E.Other items
1.No. of ordinary shares (000)
569,484.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
403,176.
5.Commitments and contigencies
1,260,563.
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
31.06%
2.Net markup/interest margin (D1-D2)/C
2.84%
3.Return on equity (ROE) (D10/A)
.95%
4.Return on assets (ROA) (D10/C)
.25%
5.Non-markup/interest income to total assets (D6/C)
2.28%
6.Net markup/interest income(after prov.) to total assets(D5/C)
2.78%
7.Markup/interest expense to markup/interest income (D2/D1)
68.94%
8.Admin. expense to profit before tax. (D8/D9) (times)
8.83
9.Non-markup/interest expense to total income D7/(D1+D6)
39.85%
10.Admin. expense to non-markup/interest income (D8/D6) (times)
2.
11.Earning per share (D10/E1)
.1
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
9.05%
2.Investment to total assets (C4/C)
23.76%
3.Advances net of provisions to total assets (C8/C)
44.76%
4.Deposits to total assets (B3/C)
70.72%
5.Total liabilities to total assets (B/C)
75.61%
6.Gross advances to deposits (C5/B3)
64.14%
7.Gross advances to borrowing & deposit C5/(B2+B3)
61.96%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
4.64%
2.Provisions against NPLs to gross advances (C7/C5)
1.32%
3.NPLs to shareholders equity (C6/A)
7.87%

4.NPLs write off to NPLs provisions (D4/C7)


8.65%
5.Provision against NPL to NPLs (C7/C6)
28.46%
I.Capital /leverage ratios
1.Capital ratio (A/C)
26.75%
2.Commitments & contingencies to total equity (E5/A) (times)
.22
3.Break up value per share (A/E1)
10.16
4.Total deposit to total equity (B3/A) (times)
2.64
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 7.36
48

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
5,622,453.
7,237,084.
8,809,116. 10,651,892.
6,127,605.
8,149,715. 10,002,930. 10,724,643.
18,040.
18,040.
89,978.
231,613.
-523192
-930671
-1283792
-304364
-28080
32,106. -1398798
283,046.
27,240,361. 33,545,361. 45,721,589. 73,083,839.
320,492.
369,620.
1,246,994.
713,747.
5,039,635.
5,524,410.
3,171,800.
8,704,685.
21,313,791. 26,276,328. 40,174,351. 61,934,787.
566,443.
1,375,003.
1,128,444.
1,730,620.
32,894,920. 39,383,647. 54,502,625. 84,018,777.
1,764,403.
2,298,806.
3,880,782.
5,027,942.
1,820,857.
917,802.
165,067.
1,193,864.
3,482,564.
3,643,360.
3,803,022.
3,740,958.
9,535,555. 13,701,699. 22,906,646. 47,884,719.
12,167,220. 14,505,537. 18,543,633. 20,880,638.
857,059.
1,902,566.
2,776,895.
3,037,264.
477,567.
527,424.
513,749.
971,253.
11,689,653. 13,978,113. 18,029,884. 19,909,385.
3,039,329.
2,882,941.
3,064,883.
3,412,167.
1,562,559.
1,960,926.
2,652,341.
2,849,742.
2,527,295.
3,299,767.
1,806,709.
2,255,014.
720,586.
1,044,753.
772,688.
136,484.
-52102
908,269.
339,470.
332,974.
1,736,161.
1,863,793.
1,734,815.
1,846,840.
-1448793
-622550
-594936
-407479

4,319,252.
6,168,310.
2,583,678.
3,731,733.
1,735,574.
2,436,577.
151,199. -529928
1,886,773.
2,966,505.
769,937.
2,148,184.
2,119,374.
2,864,677.
2,111,534.
2,892,734.
537,336.
1,190,156.
361,645.
819,833.

612,761.
0.0
0.0
6,268,544.
10,400,433.

814,972.
0.0
0.0
1,760,620.
7,898,774.

1,000,293.
0.0
0.0
3,527,847.
7,820,884.

1,072,464.
0.0
0.0
29,237,117.
10,993,558.

28.51%
2.19%
-10.58%
-1.81%
1.03%
-.16%
71.49%
-1.2
60.56%
5.11
-.97

31.66%
2.65%
-5.63%
-1.03%
.85%
2.31%
68.34%
-2.97
51.31%
5.55
-.5

40.18%
3.18%
4.11%
.66%
1.41%
3.46%
59.82%
3.93
41.64%
2.74
.36

39.5%
2.9%
7.7%
.98%
2.56%
3.53%
60.5%
2.43
34.45%
1.35
.76

10.9%
28.99%
35.54%
64.79%
82.81%
57.09%
46.17%

8.17%
34.79%
35.49%
66.72%
85.18%
55.2%
45.61%

7.42%
42.03%
33.08%
73.71%
83.89%
46.16%
42.78%

7.41%
56.99%
23.7%
73.72%
86.99%
33.71%
29.56%

7.04%
3.93%
15.24%

13.12%
3.64%
26.29%

14.97%
2.77%
31.52%

14.55%
4.65%
28.51%

161.8%
55.72%

25.88%
27.72%

29.43%
18.5%

-54.56%
31.98%

17.09%
1.85
9.18
3.79

18.38%
1.09
8.88
3.63

16.16%
.89
8.81
4.56

12.68%
1.03
9.93
5.81

-10.54

-4.32

9.76

35.66

Financial Statement Analysis of Financia

KASB BANK LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
3,191,389.
4,014,890.
151,287.
-974788
6,008,118.
42,599,591.
217,520.
6,300,622.
35,087,477.
993,972.
51,799,098.
1,507,632.
59,093.
556,455.
9,454,149.
35,164,850.
7,354,408.
2,924,654.
32,240,196.
2,909,213.
5,072,360.
4,861,400.
4,448,440.
412,960.
2,223,938.
-1810978
615,591.
1,787,364.
1,759,032.
-1849199
-972969
401,489.
0.0
0.0
-3436371
14,966,219.
8.49%
.8%
-30.49%
-1.88%
1.19%
-3.5%
91.51%
-.95
32.63%
2.86
-2.42
3.02%
18.25%
62.24%
67.74%
82.24%
100.22%
84.96%
20.91%
8.32%
230.45%

4.NPLs write off to NPLs provisions (D4/C7)


76.04%
5.Provision against NPL to NPLs (C7/C6)
39.77%
I.Capital /leverage ratios
1.Capital ratio (A/C)
6.16%
2.Commitments & contingencies to total equity (E5/A) (times)
4.69
3.Break up value per share (A/E1)
7.95
4.Total deposit to total equity (B3/A) (times)
10.99
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 3.53
49

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
4,363,093.
1,940,292.
9,413,468.
8,635,706.
9,508,617.
9,508,617. 19,508,617. 19,508,617.
151,287.
162,727.
30,839.
53,116.
-5296811
-7731052
-10125988
-10926027
-5608088
1,053,728.
1,037,423. -5886596
55,582,766. 55,863,821. 69,663,886. 87,250,008.
386,066.
541,041.
891,579.
877,827.
8,696,140.
6,636,645.
4,607,205. 21,245,349.
43,807,061. 46,694,675. 61,993,604. 62,600,058.
2,693,499.
1,991,460.
2,171,498.
2,526,774.
60,999,587. 58,841,536. 73,190,758. 90,277,626.
2,851,783.
3,272,624.
4,822,751.
4,766,966.
235,121.
360,306. 10,930,425.
2,039,237.
2,804,596.
40,000.
622,683.
352,947.
13,580,973. 12,859,540. 15,588,703. 39,968,886.
34,054,696. 35,520,314. 35,245,477. 38,380,915.
7,355,353.
9,617,879. 12,138,602. 13,868,789.
4,138,250.
5,310,930.
5,858,803.
7,291,235.
29,916,446. 30,209,384. 29,386,674. 31,089,680.
4,027,676.
4,541,778.
4,366,514.
3,703,959.
7,582,992.
7,557,904.
7,473,008.
8,355,951.
5,120,943.
5,569,707.
-448764
1,971,290.
-2420054
1,111,457.
3,058,379.
2,796,425.
-5864077
-4318749

5,158,566.
4,711,888.
6,594,769.
5,169,142.
5,196,408.
4,252,011.
-10576
484,520.
2,342,758.
1,307,259.
284,941.
1,781,849.
-1317835
769,461.
560,909.
971,501.
955,050.
1,454,480.
3,016,905.
3,257,947.
3,877,476.
2,989,039.
2,805,265.
3,142,427.
-3487184
-3146226
-1596866
-2727345
-2524305
-806044

950,862.
950,862.
0.0
0.0
26.%
0.0
9,162,534. -199789
18,276,636. 21,047,073.

1,950,862.
0.0
0.0
11,029,923.
39,795,348.

1,950,862.
0.0
0.0
15,231,484.
53,022,230.

-8.76%
-.74%
-98.98%
-7.08%
1.82%
-3.97%
108.76%
-.48
49.07%
2.52
-4.54

-.21%
-.02%
-140.56%
-4.64%
1.65%
-2.24%
100.21%
-.86
49.21%
3.08
-2.87

10.28%
-.66%
-26.82%
-3.45%
1.3%
1.05%
110.28%
-.89
57.49%
2.94
-1.29

35.52%
2.6%
-9.33%
-.89%
1.61%
.62%
64.48%
-1.97
48.17%
2.16
-.41

5.06%
22.26%
49.04%
71.82%
91.12%
77.74%
64.86%

6.17%
21.85%
51.34%
79.36%
94.94%
76.07%
66.6%

21.52%
21.3%
40.15%
84.7%
95.18%
56.85%
52.92%

7.54%
44.27%
34.44%
69.34%
96.65%
61.31%
45.78%

21.6%
12.15%
168.58%

27.08%
14.95%
495.69%

34.44%
16.62%
128.95%

36.13%
19.%
160.6%

47.64%
56.26%

24.61%
55.22%

4.86%
48.27%

24.44%
52.57%

7.15%
4.19
4.59
10.04

3.3%
10.85
2.04
24.07

12.86%
4.23
4.83
6.59

9.57%
6.14
4.43
7.25

-2.12

.07

-4.37

-18.9

Financial Statement Analysis of Financia

MCB BANK LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
52,244,865.
6,282,768.
36,768,765.
9,193,332.
6,191,189.
385,179,850.
10,551,468.
22,663,840.
330,181,624.
21,782,918.
443,615,904.
39,631,172.
4,043,100.
4,100,079.
96,631,874.
272,847,325.
56,462.
10,711,855.
262,135,470.
17,263,733.
19,810,476.
40,043,824.
11,560,740.
28,483,084.
4,019,121.
24,463,963.
5,791,440.
8,387,837.
7,546,878.
21,867,566.
15,374,600.
628,276.
115.%
10.%
2,031,538.
392,959,678.
71.13%
6.42%
29.43%
3.47%
1.31%
5.51%
28.87%
.35
18.3%
1.3
24.47
9.85%
21.78%
59.09%
74.43%
86.83%
82.64%
77.33%
.02%
3.93%
.11%

4.NPLs write off to NPLs provisions (D4/C7)


37.52%
5.Provision against NPL to NPLs (C7/C6)
18,971.8%
I.Capital /leverage ratios
1.Capital ratio (A/C)
11.78%
2.Commitments & contingencies to total equity (E5/A) (times)
7.52
3.Break up value per share (A/E1)
83.16
4.Total deposit to total equity (B3/A) (times)
6.32
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
.13
50

2012

inancial Statement Analysis of Financial Sector

2009
63,120,371.
6,911,045.
38,387,656.
17,821,670.
9,192,909.
439,428,598.
8,201,090.
44,662,088.
367,581,075.
18,984,345.
511,741,878.
38,774,871.
6,077,354.
3,000,000.
169,484,647.
269,721,034.
23,238,723.
16,472,769.
253,248,265.
18,099,010.
23,057,731.

2010
71,225,105.
7,602,150.
40,164,526.
23,458,429.
10,774,022.
488,482,736.
10,265,537.
25,684,593.
431,295,499.
21,237,107.
570,481,863.
45,407,264.
1,551,518.
4,401,781.
215,747,844.
274,157,806.
24,543,807.
19,592,335.
254,565,471.
21,061,787.
27,746,198.

51,621,911.
15,835,581.
44,299,590.
7,322,321.
36,977,269.
5,754,853.
11,069,912.
10,235,366.
23,349,146.
15,665,403.

54,829,365.
18,027,372.
36,801,993.
3,597,117.
33,204,876.
6,441,642.
13,406,395.
12,327,496.
26,509,636.
16,874,019.

(Thousand Rupees)
2011
2012
81,034,402. 90,630,601.
8,362,365.
9,198,601.
42,412,588. 44,620,928.
30,259,449. 36,811,072.
10,619,903. 15,124,526.
564,670,502. 664,527,414.
9,466,818.
9,896,284.
39,100,627. 79,064,351.
491,146,798. 544,988,091.
24,956,259. 30,578,688.
656,324,807. 770,282,541.
53,122,620. 57,420,211.
2,357,418.
1,236,736.
955,087.
1,551,472.
319,005,983. 405,601,313.
249,907,060. 262,597,534.
26,664,873. 25,561,774.
22,333,442. 22,809,023.
227,573,618. 239,788,511.
22,418,450. 24,144,242.
30,891,631. 40,540,056.
68,215,902.
23,632,615.
44,583,287.
3,653,614.
40,929,673.
8,241,260.
17,777,644.
15,860,242.
31,321,782.
19,302,483.

68,443,744.
27,503,496.
40,940,248.
478,065.
40,462,183.
9,541,155.
17,823,496.
17,410,747.
32,476,487.
21,235,235.

691,105.
760,215.
836,237.
919,860.
110.%
115.%
120.%
130.%
10.%
10.%
10.%
10.%
78,214,049. 58,654,480. 124,596,626. 96,668,070.
376,583,024. 136,245,597. 162,379,259. 143,379,581.
85.82%
6.99%
24.82%
3.06%
1.12%
7.23%
30.68%
.44
19.29%
1.78
22.67

67.12%
6.45%
23.69%
2.96%
1.13%
5.82%
32.88%
.47
21.88%
1.91
22.2

65.36%
6.79%
23.82%
2.94%
1.26%
6.24%
34.64%
.51
23.25%
1.92
23.08

59.82%
5.31%
23.43%
2.76%
1.24%
5.25%
40.18%
.54
22.86%
1.82
23.09

8.76%
33.12%
49.49%
71.83%
85.87%
73.38%
65.43%

8.23%
37.82%
44.62%
75.6%
85.63%
63.57%
59.99%

8.45%
48.6%
34.67%
74.83%
86.04%
50.88%
47.13%

7.61%
52.66%
31.13%
70.75%
86.27%
48.18%
42.08%

8.62%
6.11%
36.82%

8.95%
7.15%
34.46%

10.67%
8.94%
32.91%

9.73%
8.69%
28.2%

44.45%
70.89%

18.36%
79.83%

16.36%
83.76%

2.1%
89.23%

12.33%
5.97
91.33
5.82

12.49%
1.91
93.69
6.06

12.35%
2.
96.9
6.06

11.77%
1.58
98.53
6.01

4.99

3.48

6.45

4.55

Financial Statement Analysis of Financia

MEEZAN BANK LIMITED


2008
Items
A.Total equity (A1 to A3)
6,341,097.
1.Share capital
4,925,961.
2.Reserves
845,022.
3.Un appropriated profit
570,114.
-366119
4.Others
B.Total liabilities(B1 to B4)
79,301,092.
1.Bills payable
1,057,017.
2.Borrowings from financial institutions
4,008,496.
3.Deposits and other accounts
70,233,875.
4.Other/misc. liabilities
4,001,704.
C.Total assets (C1 to C4 + C8 to C10)
85,276,070.
1.Cash and balances with treasury banks
5,763,710.
2.Balances with other banks
1,344,974.
3.Lending to financial institutions
18,108,000.
4.Investments
14,526,699.
5.Gross advances
40,626,920.
6.Advances-non-performing/classified
3,649,163.
7.Provision against advances
1,098,189.
8.Advances net of provision (C5-C7)
39,528,731.
9.Fixed assets
1,880,515.
10.Other/misc. assets
4,123,441.
D.Profit & loss account
1.Markup/interest earned
6,803,213.
2.Markup/interest expensed
3,088,334.
3.Net markup/interest income
3,714,879.
4.Provisions and write-offs
717,320.
5.Net markup/interest income after provisions
2,997,559.
6.Non-markup/interest income
707,908.
7.Non-markup/interest expenses
2,713,156.
8.Administrative expenses
2,626,606.
9.Profit/(loss) before taxation
992,311.
10.Profit/(loss) after taxation
621,187.
E.Other items
1.No. of ordinary shares (000)
492,596.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
8.6%
4.Cash generated from operating activities
3,320,190.
5.Commitments and contigencies
56,411,095.
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
54.6%
2.Net markup/interest margin (D1-D2)/C
4.36%
3.Return on equity (ROE) (D10/A)
9.8%
4.Return on assets (ROA) (D10/C)
.73%
5.Non-markup/interest income to total assets (D6/C)
.83%
6.Net markup/interest income(after prov.) to total assets(D5/C)
3.52%
7.Markup/interest expense to markup/interest income (D2/D1)
45.4%
8.Admin. expense to profit before tax. (D8/D9) (times)
2.65
9.Non-markup/interest expense to total income D7/(D1+D6)
36.12%
10.Admin. expense to non-markup/interest income (D8/D6) (times)
3.71
11.Earning per share (D10/E1)
1.26
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
8.34%
2.Investment to total assets (C4/C)
17.03%
3.Advances net of provisions to total assets (C8/C)
46.35%
4.Deposits to total assets (B3/C)
82.36%
5.Total liabilities to total assets (B/C)
92.99%
6.Gross advances to deposits (C5/B3)
57.85%
7.Gross advances to borrowing & deposit C5/(B2+B3)
54.72%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
8.98%
2.Provisions against NPLs to gross advances (C7/C5)
2.7%
3.NPLs to shareholders equity (C6/A)
57.55%

4.NPLs write off to NPLs provisions (D4/C7)


65.32%
5.Provision against NPL to NPLs (C7/C6)
30.09%
I.Capital /leverage ratios
1.Capital ratio (A/C)
7.44%
2.Commitments & contingencies to total equity (E5/A) (times)
8.9
3.Break up value per share (A/E1)
12.87
4.Total deposit to total equity (B3/A) (times)
11.08
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 5.34
51

2012

inancial Statement Analysis of Financial Sector

2009
9,814,412.
6,650,048.
1,074,408.
2,089,956.
396,911.
115,290,455.
1,249,210.
8,593,425.
100,331,448.
5,116,372.
125,501,778.
8,387,522.
5,262,341.
34,486,875.
24,370,190.
44,238,200.
3,649,163.
2,528,544.
41,709,656.
2,437,228.
8,847,966.

2010
10,740,123.
6,982,550.
1,380,010.
2,377,563.
339,868.
143,672,434.
1,767,370.
5,829,296.
131,070,328.
5,005,440.
154,752,425.
12,780,806.
9,939,660.
10,511,855.
54,966,907.
64,116,390.
4,318,323.
3,851,146.
60,265,244.
3,066,100.
3,221,853.

10,105,518.
4,969,843.
5,135,675.
1,532,051.
3,603,624.
1,707,492.
3,626,697.
3,681,088.
2,527,405.
1,676,242.

12,284,569.
6,606,370.
5,678,199.
1,496,019.
4,182,180.
2,687,274.
4,723,597.
4,637,393.
2,443,282.
1,899,782.

(Thousand Rupees)
2011
2012
13,328,673. 15,481,738.
8,029,933.
9,033,675.
2,058,319.
2,759,942.
3,240,421.
3,688,121.
457,678.
1,069,020.
186,764,043. 257,885,752.
2,282,045.
3,058,503.
9,235,960. 18,461,347.
170,030,431. 230,425,986.
5,215,607.
5,939,916.
200,550,394. 274,436,510.
16,641,160. 19,125,401.
2,348,076.
3,851,150.
4,065,406.
500,000.
98,488,574. 152,459,855.
75,698,616. 94,402,267.
4,647,792.
5,000,028.
5,321,135.
5,724,191.
70,377,481. 88,678,076.
3,985,248.
4,898,240.
4,644,449.
4,923,788.
18,032,152.
8,665,622.
9,366,530.
1,389,155.
7,977,375.
2,263,349.
6,331,458.
5,958,595.
4,356,300.
3,391,543.

21,836,972.
11,384,534.
10,452,438.
451,191.
10,001,247.
2,398,590.
7,169,611.
7,192,527.
5,230,226.
3,508,116.

665,005.
698,255.
802,993.
903,367.
0.0
0.0
10.%
15.%
5.%
15.%
12.5%
11.%
14,017,274. 35,528,395. 40,906,365. 59,402,194.
73,034,851. 108,236,057. 114,137,104. 140,171,979.
50.82%
4.09%
17.08%
1.34%
1.36%
2.87%
49.18%
1.46
30.7%
2.16
2.52

46.22%
3.67%
17.69%
1.23%
1.74%
2.7%
53.78%
1.9
31.55%
1.73
2.72

51.94%
4.67%
25.45%
1.69%
1.13%
3.98%
48.06%
1.37
31.2%
2.63
4.22

47.87%
3.81%
22.66%
1.28%
.87%
3.64%
52.13%
1.38
29.58%
3.
3.88

10.88%
19.42%
33.23%
79.94%
91.86%
44.09%
40.61%

14.68%
35.52%
38.94%
84.7%
92.84%
48.92%
46.83%

9.47%
49.11%
35.09%
84.78%
93.13%
44.52%
42.23%

8.37%
55.55%
32.31%
83.96%
93.97%
40.97%
37.93%

8.25%
5.72%
37.18%

6.74%
6.01%
40.21%

6.14%
7.03%
34.87%

5.3%
6.06%
32.3%

60.59%
69.29%

38.85%
89.18%

26.11%
114.49%

7.88%
114.48%

7.82%
7.44
14.76
10.22

6.94%
10.08
15.38
12.2

6.65%
8.56
16.6
12.76

5.64%
9.05
17.14
14.88

8.36

18.7

12.06

16.93

Financial Statement Analysis of Financia

NIB BANK LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
29,006,672.
28,437,271.
8,326,684.
-7757283
10,691,836.
139,210,607.
1,432,084.
23,651,366.
104,586,167.
9,540,990.
178,909,115.
9,355,104.
793,843.
12,459,621.
35,176,823.
97,322,481.
16,715,515.
16,978,288.
80,344,193.
3,702,426.
37,077,105.
15,201,691.
10,799,816.
4,401,875.
9,657,400.
-5255525
2,421,876.
8,164,241.
6,433,122.
-1099789
-7474679
2,843,727.
0.0
0.0
21,302,169.
93,144,827.
28.96%
2.46%
-25.77%
-4.18%
1.35%
-2.94%
71.04%
-5.85
46.33%
2.66
-2.63
5.67%
19.66%
44.91%
58.46%
77.81%
93.05%
75.89%
17.18%
17.45%
57.63%

4.NPLs write off to NPLs provisions (D4/C7)


56.88%
5.Provision against NPL to NPLs (C7/C6)
101.57%
I.Capital /leverage ratios
1.Capital ratio (A/C)
16.21%
2.Commitments & contingencies to total equity (E5/A) (times)
3.21
3.Break up value per share (A/E1)
10.2
4.Total deposit to total equity (B3/A) (times)
3.61
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) -2.85
52

2012

inancial Statement Analysis of Financial Sector

2009
41,643,272.
40,437,271.
8,464,894.
-7258893
-115027
166,590,718.
1,574,207.
62,523,365.
93,919,805.
8,573,341.
208,118,963.
8,834,275.
3,683,783.
5,681,887.
62,432,977.
100,000,757.
15,746,457.
15,979,351.
84,021,406.
3,114,632.
40,350,003.

2010
7,892,204.
40,437,271.
8,464,894.
-41009961
5,992,736.
150,672,126.
1,335,493.
42,361,934.
99,111,741.
7,862,958.
164,557,066.
8,836,474.
2,952,593.
6,429,166.
50,209,083.
98,362,123.
34,711,468.
23,778,539.
74,583,584.
2,751,703.
18,794,463.

(Thousand Rupees)
2011
2012
59,912,879. 60,170,163.
103,028,512. 103,028,512.
218,276.
225,889.
-43333909
-43084238
-46249209
-45783056
141,161,341. 176,468,070.
1,738,422.
2,430,030.
47,382,031. 76,179,065.
85,472,247. 81,094,447.
6,568,641. 16,764,528.
154,825,011. 190,855,177.
7,969,044.
7,672,866.
1,486,560.
956,809.
14,666,918.
3,440,910.
47,786,041. 83,802,727.
84,489,211. 94,879,760.
34,194,582. 32,921,495.
23,627,698. 23,293,864.
60,861,513. 71,585,896.
2,722,863.
275,051.
19,332,072. 23,120,918.

18,272,363. 16,482,767. 14,250,121.


12,872,357. 13,467,526. 12,155,613.
5,400,006.
3,015,241.
2,094,508.
1,195,329. 10,041,017.
2,549,789.
4,204,677. -7025776
455,281.
1,681,833.
1,933,774.
1,976,884.
5,242,439.
7,336,960.
5,064,890.
5,345,307.
7,055,824.
4,823,582.
-3492009
644,071. -12089002
-2067422
691,048. -9706760

13,989,306.
11,125,821.
2,863,485.
116,981.
2,746,504.
2,395,490.
5,397,479.
5,331,398.
440,488.
262,080.

4,043,727.
4,043,727. 10,302,851.
0.0
0.0
0.0
0.0
0.0
0.0
-6809298
28,507,068. -16940772
123,505,187. 152,511,924. 142,890,225.

10,302,851.
0.0
0.0
33,535,245.
77,754,924.

29.55%
2.59%
1.66%
.33%
.81%
2.02%
70.45%
8.3
26.27%
3.18
.17

18.29%
1.83%
-122.99%
-5.9%
1.18%
-4.27%
81.71%
-.58
39.84%
3.65
-2.4

14.7%
1.35%
-3.45%
-1.34%
1.28%
.29%
85.3%
-1.38
31.21%
2.44
-.2

20.47%
1.5%
.44%
.14%
1.26%
1.44%
79.53%
12.1
32.94%
2.23
.03

6.01%
30.%
40.37%
45.13%
80.05%
106.47%
63.92%

7.16%
30.51%
45.32%
60.23%
91.56%
99.24%
69.53%

6.11%
30.86%
39.31%
55.21%
91.17%
98.85%
63.6%

4.52%
43.91%
37.51%
42.49%
92.46%
117.%
60.33%

15.75%
15.98%
37.81%

35.29%
24.17%
439.82%

40.47%
27.97%
57.07%

34.7%
24.55%
54.71%

7.48%
101.48%

42.23%
68.5%

10.79%
69.1%

.5%
70.76%

20.01%
2.97
10.3
2.26

4.8%
19.32
1.95
12.56

38.7%
2.38
5.82
1.43

31.53%
1.29
5.84
1.35

41.25

1.75

3.29

127.96

Financial Statement Analysis of Financia

SAMBA BANK LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
5,476,330.
8,769,517.
43,080.
-3336267
-14176
11,025,182.
55,349.
437,949.
9,859,537.
672,347.
16,487,336.
774,575.
331,201.
2,313,308.
3,829,354.
8,605,889.
1,961,143.
2,442,881.
6,163,008.
1,157,689.
1,918,201.
1,758,004.
1,071,307.
686,697.
312,528.
374,169.
125,429.
1,511,039.
1,461,077.
-1011441
-742311
876,952.
0.0
0.0
4,073,848.
30,569,856.
39.06%
4.16%
-13.55%
-4.5%
.76%
2.27%
60.94%
-1.44
80.23%
11.65
-.85
6.71%
23.23%
37.38%
59.8%
66.87%
87.28%
83.57%
22.79%
28.39%
35.81%

4.NPLs write off to NPLs provisions (D4/C7)


12.79%
5.Provision against NPL to NPLs (C7/C6)
124.56%
I.Capital /leverage ratios
1.Capital ratio (A/C)
33.22%
2.Commitments & contingencies to total equity (E5/A) (times)
5.58
3.Break up value per share (A/E1)
6.24
4.Total deposit to total equity (B3/A) (times)
1.8
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) -5.49
53

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
4,883,277.
7,936,255.
8,172,770.
8,473,656.
8,769,517. 14,334,734. 14,334,734. 14,334,734.
43,080.
43,080.
90,383.
150,561.
-3929320
-6441559
-6252347
-6011639
2,192,383. -10577
9,497.
42,227.
16,658,466. 22,585,442. 23,148,705. 26,337,954.
78,127.
115,759.
529,005.
250,709.
3,141,284.
6,534,994.
3,996,032.
2,477,466.
12,520,633. 14,871,806. 17,669,297. 22,753,644.
918,422.
1,062,883.
954,371.
856,135.
23,734,126. 30,511,120. 31,330,972. 34,853,837.
961,280.
1,250,011.
1,463,306.
2,052,832.
707,912.
1,195,948.
59,384.
2,289,653.
3,123,377.
1,389,003.
803,459.
2,777,162.
5,807,829. 11,090,905.
9,663,613.
8,894,957.
12,343,360. 14,747,321. 18,374,905. 17,842,935.
2,726,295.
2,711,299.
2,619,410.
2,451,481.
2,619,949.
2,609,535.
2,543,578.
2,398,159.
9,723,411. 12,137,786. 15,831,327. 15,444,776.
1,112,169.
1,001,413.
903,608.
832,375.
2,298,148.
2,446,054.
2,606,275.
2,562,082.
1,878,626.
2,384,653.
1,208,857.
1,350,320.
669,769.
1,034,333.
239,511.
17,599.
430,258.
1,016,734.
92,224.
321,243.
1,590,906.
1,468,273.
1,415,235.
1,456,873.
-1068424
-130296
-593053
-119594
876,952.
0.0
0.0
6,840,004.
14,557,877.

3,352,186.
3,054,034.
1,943,845.
1,721,825.
1,408,341.
1,332,209.
46,204. -90600
1,454,545.
1,422,809.
152,397.
154,505.
1,406,048.
1,413,280.
1,393,321.
1,458,244.
200,894.
164,034.
236,515.
300,886.

1,433,473.
1,433,473.
0.0
0.0
0.0
0.0
5,087,251. -2388547
17,205,195. 29,978,957.

1,433,473.
0.0
0.0
2,027,886.
11,344,410.

35.65%
2.82%
-12.14%
-2.5%
.39%
1.81%
64.35%
-1.32
80.72%
15.35
-.68

43.37%
3.39%
-1.51%
-.39%
1.05%
3.33%
56.63%
-11.18
54.26%
4.54
-.08

42.01%
4.5%
2.89%
.75%
.49%
4.64%
57.99%
6.94
40.12%
9.14
.16

43.62%
3.82%
3.55%
.86%
.44%
4.08%
56.38%
8.89
44.05%
9.44
.21

7.03%
24.47%
40.97%
52.75%
70.19%
98.58%
78.81%

8.02%
36.35%
39.78%
48.74%
74.02%
99.16%
68.89%

4.86%
30.84%
50.53%
56.4%
73.88%
103.99%
84.81%

12.46%
25.52%
44.31%
65.28%
75.57%
78.42%
70.72%

22.09%
21.23%
55.83%

18.39%
17.69%
34.16%

14.26%
13.84%
32.05%

13.74%
13.44%
28.93%

9.14%
96.1%

.67%
96.25%

1.82%
97.1%

-3.78%
97.82%

20.57%
2.98
5.57
2.56

26.01%
2.17
5.54
1.87

26.09%
3.67
5.7
2.16

24.31%
1.34
5.91
2.69

-11.53

-42.54

-10.1

6.74

Financial Statement Analysis of Financia

SILKBANK LIMITED
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
3,089,997.
9,003,150.
218,556.
-6131709
1,301,363.
51,253,908.
431,537.
8,738,616.
41,056,630.
1,027,125.
55,645,268.
3,070,067.
190,197.
1,376,651.
12,012,233.
38,187,392.
12,845,225.
7,100,019.
31,087,373.
3,002,450.
4,906,297.
4,588,299.
4,218,901.
369,398.
1,642,093.
-1272695
384,510.
1,946,070.
1,935,732.
-2834255
-2014268
900,315.
0.0
0.0
-7387980
13,208,986.
8.05%
.66%
-65.19%
-3.62%
.69%
-2.29%
91.95%
-.68
39.13%
5.03
-2.24
5.86%
21.59%
55.87%
73.78%
92.11%
93.01%
76.69%
33.64%
18.59%
415.7%

4.NPLs write off to NPLs provisions (D4/C7)


23.13%
5.Provision against NPL to NPLs (C7/C6)
55.27%
I.Capital /leverage ratios
1.Capital ratio (A/C)
5.55%
2.Commitments & contingencies to total equity (E5/A) (times)
4.27
3.Break up value per share (A/E1)
3.43
4.Total deposit to total equity (B3/A) (times)
13.29
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 3.67
54

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
196,905. 13,431,374. 18,800,542. 18,478,435.
9,003,150. 26,716,048. 26,716,048. 26,716,048.
224,649.
0.0
139,013.
162,762.
-9030894
-13284674
-8054519
-8400375
-13162035
-13124650
1,566,184. -8597427
66,901,252. 67,835,146. 85,031,770. 83,707,785.
637,602.
836,931.
1,679,456.
1,978,549.
15,088,332.
9,871,141. 17,781,686. 11,376,781.
49,610,034. 55,706,188. 64,071,908. 69,050,447.
1,565,284.
1,420,886.
1,498,720.
1,302,008.
68,664,341. 72,669,093. 90,670,277. 89,061,570.
3,120,880.
3,414,524.
4,436,142.
4,006,569.
151,068.
89,355.
94,322.
86,002.
1,067,708.
1,050,754.
3,100,803.
5,662,423.
20,179,329. 13,190,048. 17,547,640. 12,734,898.
40,592,094. 52,924,512. 55,309,362. 54,018,762.
11,891,428. 12,360,000. 11,022,942. 10,816,957.
8,494,604.
8,570,106.
5,373,083.
5,018,268.
32,097,490. 44,354,406. 49,936,279. 49,000,494.
3,720,695.
2,443,805.
4,755,911.
4,637,334.
8,327,171.
8,126,201. 10,799,180. 12,933,850.
5,913,317.
6,775,565.
5,855,517.
5,926,528.
57,800.
849,037.
2,309,355.
228,114.
-2251555
620,923.
662,187.
1,184,804.
2,663,091.
3,041,273.
2,747,856.
3,153,601.
-4252459
-1235546
-2902905
-1131154

8,385,608.
8,583,566.
6,514,770.
6,681,338.
1,870,838.
1,902,228.
2,629,853. -580489
4,500,691.
2,482,717.
846,586.
1,064,666.
3,988,359.
4,076,652.
3,779,045.
4,213,559.
1,358,918. -529269
695,063. -344271

900,315.
2,671,605.
0.0
0.0
0.0
0.0
6,510,410. -10346069
13,454,187. 18,460,536.

2,671,605.
2,671,605.
0.0
0.0
0.0
0.0
8,225,230. -6429336
24,940,371. 23,457,281.

.98%
.08%
-1,474.27%
-4.23%
.96%
-3.28%
99.02%
-.65
40.5%
4.15
-3.22

12.53%
1.17%
-8.42%
-1.56%
1.63%
.85%
87.47%
-2.55
38.21%
2.66
-.42

22.31%
2.06%
3.7%
.77%
.93%
4.96%
77.69%
2.78
43.2%
4.46
.26

22.16%
2.14%
-1.86%
-.39%
1.2%
2.79%
77.84%
-7.96
42.25%
3.96
-.13

4.77%
29.39%
46.75%
72.25%
97.43%
81.82%
62.74%

4.82%
18.15%
61.04%
76.66%
93.35%
95.01%
80.71%

5.%
19.35%
55.07%
70.66%
93.78%
86.32%
67.57%

4.6%
14.3%
55.02%
77.53%
93.99%
78.23%
67.16%

29.29%
20.93%
6,039.17%

23.35%
16.19%
92.02%

19.93%
9.71%
58.63%

20.02%
9.29%
58.54%

27.19%
71.43%

2.66%
69.34%

48.94%
48.74%

-11.57%
46.39%

.29%
68.33
.22
251.95

18.48%
1.37
5.03
4.15

20.74%
1.33
7.04
3.41

20.75%
1.27
6.92
3.74

-2.24

9.15

11.83

18.68

Financial Statement Analysis of Financia

SONERI BANK LIMITED


2008
Items
A.Total equity (A1 to A3)
6,965,749.
1.Share capital
4,114,222.
2.Reserves
2,016,877.
3.Un appropriated profit
834,650.
4.Others
147,298.
B.Total liabilities(B1 to B4)
73,864,207.
1.Bills payable
1,254,496.
2.Borrowings from financial institutions
8,441,454.
3.Deposits and other accounts
61,634,491.
4.Other/misc. liabilities
2,533,766.
C.Total assets (C1 to C4 + C8 to C10)
80,977,254.
1.Cash and balances with treasury banks
5,646,755.
2.Balances with other banks
3,908,859.
3.Lending to financial institutions
3,990,269.
4.Investments
14,053,177.
5.Gross advances
49,464,962.
6.Advances-non-performing/classified
5,002,417.
7.Provision against advances
1,889,598.
8.Advances net of provision (C5-C7)
47,575,364.
9.Fixed assets
3,126,857.
10.Other/misc. assets
2,675,973.
D.Profit & loss account
1.Markup/interest earned
7,822,941.
2.Markup/interest expensed
4,878,347.
3.Net markup/interest income
2,944,594.
4.Provisions and write-offs
1,265,942.
5.Net markup/interest income after provisions
1,678,652.
6.Non-markup/interest income
1,226,206.
7.Non-markup/interest expenses
1,951,625.
8.Administrative expenses
1,673,590.
9.Profit/(loss) before taxation
953,233.
10.Profit/(loss) after taxation
701,041.
E.Other items
1.No. of ordinary shares (000)
411,422.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
22.%
4.Cash generated from operating activities
4,500,148.
5.Commitments and contigencies
30,104,153.
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
37.64%
2.Net markup/interest margin (D1-D2)/C
3.64%
3.Return on equity (ROE) (D10/A)
10.06%
4.Return on assets (ROA) (D10/C)
.87%
5.Non-markup/interest income to total assets (D6/C)
1.51%
6.Net markup/interest income(after prov.) to total assets(D5/C)
2.07%
7.Markup/interest expense to markup/interest income (D2/D1)
62.36%
8.Admin. expense to profit before tax. (D8/D9) (times)
1.76
9.Non-markup/interest expense to total income D7/(D1+D6)
21.57%
10.Admin. expense to non-markup/interest income (D8/D6) (times)
1.36
11.Earning per share (D10/E1)
1.7
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
11.8%
2.Investment to total assets (C4/C)
17.35%
3.Advances net of provisions to total assets (C8/C)
58.75%
4.Deposits to total assets (B3/C)
76.11%
5.Total liabilities to total assets (B/C)
91.22%
6.Gross advances to deposits (C5/B3)
80.26%
7.Gross advances to borrowing & deposit C5/(B2+B3)
70.59%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
10.11%
2.Provisions against NPLs to gross advances (C7/C5)
3.82%
3.NPLs to shareholders equity (C6/A)
71.81%

4.NPLs write off to NPLs provisions (D4/C7)


67.%
5.Provision against NPL to NPLs (C7/C6)
37.77%
I.Capital /leverage ratios
1.Capital ratio (A/C)
8.6%
2.Commitments & contingencies to total equity (E5/A) (times)
4.32
3.Break up value per share (A/E1)
16.93
4.Total deposit to total equity (B3/A) (times)
8.85
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 6.42
55

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
7,181,577.
8,381,360. 10,236,801. 11,399,026.
5,019,351.
6,023,221.
9,029,185. 10,022,396.
2,003,948.
2,029,036.
1,182,501.
410,129.
158,278.
329,103.
25,115.
966,501.
621,624.
536,313.
740,486.
953,874.
87,507,071. 99,188,005. 118,755,099. 146,265,336.
1,763,401.
1,857,810.
1,571,314.
2,522,405.
9,385,522. 12,370,528. 14,557,179. 20,398,487.
73,548,226. 82,016,811. 99,733,970. 120,830,571.
2,809,922.
2,942,856.
2,892,636.
2,513,873.
95,310,272. 108,105,678. 129,732,386. 158,618,236.
6,471,173.
7,247,711.
8,959,130. 11,491,348.
1,497,193.
1,400,451.
879,000.
1,249,168.
2,755,377.
2,531,900.
813,190.
1,123,067.
29,537,179. 34,985,663. 45,775,969. 59,517,180.
51,939,441. 59,293,364. 71,071,622. 83,254,363.
3,190,077.
7,096,036.
8,941,653.
9,927,397.
3,212,338.
4,617,643.
5,731,675.
6,249,357.
48,727,103. 54,675,721. 65,339,947. 77,005,006.
3,333,891.
3,468,923.
3,833,916.
4,015,233.
2,988,356.
3,795,309.
4,131,234.
4,217,234.
9,337,284.
6,602,779.
2,734,505.
1,633,343.
1,101,162.
1,168,193.
2,078,942.
2,113,660.
190,413.
145,355.

10,250,494.
7,203,842.
3,046,652.
1,452,236.
1,594,416.
1,228,431.
2,682,400.
2,623,991.
140,447.
125,440.

12,895,306.
8,997,385.
3,897,921.
1,272,178.
2,625,743.
1,955,203.
3,502,675.
3,447,925.
1,078,271.
783,533.

14,068,169.
9,224,135.
4,844,034.
519,632.
4,324,402.
1,856,932.
4,459,278.
4,248,241.
1,722,056.
1,104,193.

501,935.
0.0
0.0
13,892,687.
39,824,682.

602,322.
0.0
0.0
5,497,142.
55,540,656.

902,919.
0.0
12.5%
11,482,024.
32,814,252.

1,002,240.
0.0
11.%
17,381,324.
61,324,567.

29.29%
2.87%
2.02%
.15%
1.23%
1.16%
70.71%
11.1
19.79%
1.81
.29

29.72%
2.82%
1.5%
.12%
1.14%
1.47%
70.28%
18.68
23.37%
2.14
.21

30.23%
3.%
7.65%
.6%
1.51%
2.02%
69.77%
3.2
23.59%
1.76
.87

34.43%
3.05%
9.69%
.7%
1.17%
2.73%
65.57%
2.47
28.%
2.29
1.1

8.36%
30.99%
51.12%
77.17%
91.81%
70.62%
62.63%

8.%
32.36%
50.58%
75.87%
91.75%
72.29%
62.82%

7.58%
35.28%
50.37%
76.88%
91.54%
71.26%
62.18%

8.03%
37.52%
48.55%
76.18%
92.21%
68.9%
58.95%

6.14%
6.18%
44.42%

11.97%
7.79%
84.66%

12.58%
8.06%
87.35%

11.92%
7.51%
87.09%

50.85%
100.7%

31.45%
65.07%

22.2%
64.1%

8.31%
62.95%

7.53%
5.55
14.31
10.24

7.75%
6.63
13.92
9.79

7.89%
3.21
11.34
9.74

7.19%
5.38
11.37
10.6

95.58

43.82

14.65

15.74

Financial Statement Analysis of Financia

STANDARD CHARTERED BANK (PAKISTAN) LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
44,010,120.
38,715,850.
1,812,492.
3,481,778.
-1252980
221,860,038.
4,296,420.
8,695,730.
174,551,801.
34,316,087.
264,617,178.
22,741,035.
1,261,582.
31,466,898.
29,586,663.
137,716,271.
16,534,389.
12,114,806.
125,601,465.
3,886,275.
50,073,260.
23,307,442.
6,888,900.
16,418,542.
9,316,038.
7,102,504.
6,611,470.
12,620,994.
12,424,711.
1,092,980.
677,132.
3,871,585.
0.0
0.0
-12894580
121,947,090.
70.44%
6.2%
1.54%
.26%
2.5%
2.68%
29.56%
11.37
42.18%
1.88
.17
9.07%
11.18%
47.47%
65.96%
83.84%
78.9%
75.15%
12.01%
8.8%
37.57%

4.NPLs write off to NPLs provisions (D4/C7)


76.9%
5.Provision against NPL to NPLs (C7/C6)
73.27%
I.Capital /leverage ratios
1.Capital ratio (A/C)
16.63%
2.Commitments & contingencies to total equity (E5/A) (times)
2.77
3.Break up value per share (A/E1)
11.37
4.Total deposit to total equity (B3/A) (times)
3.97
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)-19.04
56

2012

inancial Statement Analysis of Financial Sector

2009
44,817,406.
38,715,850.
2,052,347.
4,049,209.
3,852,905.
268,909,813.
4,844,638.
15,847,326.
206,915,825.
41,302,024.
317,580,124.
21,521,592.
2,305,891.
20,568,064.
83,263,661.
146,243,792.
21,388,480.
16,783,638.
129,460,154.
7,003,915.
53,456,847.

2010
48,339,869.
38,715,850.
2,785,229.
6,838,790.
3,760,200.
275,197,331.
5,691,864.
15,914,343.
220,187,888.
33,403,236.
327,297,400.
24,087,885.
921,931.
30,421,885.
72,294,275.
163,713,272.
22,581,390.
18,991,715.
144,721,557.
6,606,225.
48,243,642.

27,242,261.
10,725,651.
16,516,610.
9,447,907.
7,068,703.
6,924,143.
12,477,127.
12,148,873.
1,515,719.
872,411.

28,569,842.
11,016,266.
17,553,576.
4,359,235.
13,194,341.
12,997,894.
13,439,371.
12,997,894.
5,757,685.
3,740,855.

(Thousand Rupees)
2011
2012
51,535,761. 50,631,418.
38,715,850. 38,715,850.
3,879,491.
5,068,628.
8,940,420.
6,846,940.
4,122,977.
4,792,650.
308,529,074. 343,631,382.
4,576,789.
6,164,867.
19,361,864. 23,399,389.
235,874,584. 266,598,571.
48,715,837. 47,468,555.
364,187,812. 399,055,450.
26,293,151. 31,487,972.
3,204,253.
2,700,218.
20,205,971. 19,845,269.
104,040,114. 131,741,003.
159,653,491. 169,489,759.
26,102,557. 27,473,845.
22,344,611. 24,571,487.
137,308,880. 144,918,272.
6,437,023.
6,381,584.
66,698,420. 61,981,132.
32,825,124.
11,907,713.
20,917,411.
4,507,477.
16,409,934.
6,192,553.
14,016,159.
13,408,462.
8,586,328.
5,553,141.

32,214,232.
12,337,997.
19,876,235.
3,578,599.
16,297,636.
7,311,963.
14,287,244.
14,045,547.
9,322,355.
6,045,864.

3,871,585.
3,871,585.
3,871,585.
3,871,585.
0.0
6.%
10.%
20.%
0.0
0.0
0.0
0.0
46,769,642. -9718375
40,845,050. 39,321,043.
150,649,399. 164,327,870. 182,579,724. 155,958,393.
60.63%
5.2%
1.95%
.27%
2.18%
2.23%
39.37%
8.02
36.52%
1.75
.23

61.44%
5.36%
7.74%
1.14%
3.97%
4.03%
38.56%
2.26
32.33%
1.
.97

63.72%
5.74%
10.78%
1.52%
1.7%
4.51%
36.28%
1.56
35.92%
2.17
1.43

61.7%
4.98%
11.94%
1.52%
1.83%
4.08%
38.3%
1.51
36.15%
1.92
1.56

7.5%
26.22%
40.76%
65.15%
84.67%
70.68%
65.65%

7.64%
22.09%
44.22%
67.27%
84.08%
74.35%
69.34%

8.1%
28.57%
37.7%
64.77%
84.72%
67.69%
62.55%

8.57%
33.01%
36.32%
66.81%
86.11%
63.57%
58.45%

14.63%
11.48%
47.72%

13.79%
11.6%
46.71%

16.35%
14.%
50.65%

16.21%
14.5%
54.26%

56.29%
78.47%

22.95%
84.1%

20.17%
85.6%

14.56%
89.44%

14.11%
3.36
11.58
4.62

14.77%
3.4
12.49
4.55

14.15%
3.54
13.31
4.58

12.69%
3.08
13.08
5.27

53.61

-2.6

7.36

6.5

Financial Statement Analysis of Financia

SUMMIT BANK LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
6,132,731.
5,000,000.
1,314,828.
-182097
-312611
18,982,697.
75,963.
1,869,940.
16,616,466.
420,328.
24,802,817.
1,349,649.
65,580.
200,000.
5,094,613.
16,510,341.
751,663.
751,663.
15,758,678.
927,882.
1,406,415.
2,471,982.
1,585,875.
886,107.
623,202.
262,905.
166,780.
776,959.
774,742.
-347274
-191408
500,000.
0.0
11.11%
1,156,154.
25,857,630.
35.85%
3.57%
-3.12%
-.77%
.67%
1.06%
64.15%
-2.23
29.44%
4.65
-.38
5.71%
20.54%
63.54%
66.99%
76.53%
99.36%
89.31%
4.55%
4.55%
12.26%

4.NPLs write off to NPLs provisions (D4/C7)


82.91%
5.Provision against NPL to NPLs (C7/C6)
100.%
I.Capital /leverage ratios
1.Capital ratio (A/C)
24.73%
2.Commitments & contingencies to total equity (E5/A) (times)
4.22
3.Break up value per share (A/E1)
12.27
4.Total deposit to total equity (B3/A) (times)
2.71
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) -6.04
57

2012

inancial Statement Analysis of Financial Sector

20,204,357.
44,477,357.
11,394,074.
5,723,944.
38,753,413.
2,781,943.
5,994,394.

(Thousand Rupees)
2011
2012
5,502,434.
2,840,291.
10,779,796. 10,779,796.
-1811675
-1811675
-3465687
-6127830
198,120.
165,764.
113,566,961. 131,283,011.
900,750.
1,654,302.
18,562,616. 28,900,432.
89,665,301. 96,815,372.
4,438,294.
3,912,905.
119,267,515. 134,289,066.
6,117,998.
8,110,198.
1,433,614.
3,601,183.
0.0
1,069,757.
2,038,500.
36,098,644. 49,777,088.
68,381,073. 64,942,457.
22,417,723. 23,409,947.
12,381,409. 12,393,303.
55,999,664. 52,549,154.
6,175,011.
5,450,400.
12,372,827. 12,762,543.

3,514,363.
7,068,952.
2,877,797.
6,100,832.
636,566.
968,120.
2,040,787.
2,230,522.
-1404221
1,262,402.
1,208,532.
623,446.
1,077,054.
3,250,790.
1,064,723.
2,790,634.
-2285586
-3889746
-2066790
-3032144

9,550,022. 10,262,500.
9,016,895. 10,133,076.
533,127.
129,424.
512,139.
22,942.
20,988.
106,482.
764,744.
1,425,650.
3,936,508.
4,032,501.
3,889,496.
4,006,090.
-3149628
-2499096
-1182769
-2717281

2009
4,065,941.
5,000,000.
1,064,828.
-1998887
-11541
34,118,975.
213,209.
1,554,801.
31,307,488.
1,043,477.
38,173,375.
1,923,526.
724,802.
1,433,817.
12,446,033.
21,072,058.
2,568,243.
2,568,243.
18,503,815.
1,570,754.
1,570,628.

2010
3,494,032.
7,250,660.
-1335050
-2421578
-220764
68,883,636.
357,293.
5,257,243.
61,537,424.
1,731,676.
72,156,904.
4,047,590.
375,207.

500,000.
0.0
0.0
8,975,769.
35,826,776.

725,066.
0.0
0.0
4,361,206.
45,997,746.

1,077,980.
0.0
0.0
8,300,938.
45,997,746.

1,077,980.
0.0
0.0
17,593,639.
54,414,503.

18.11%
1.67%
-50.83%
-5.41%
3.17%
-3.68%
81.89%
-.47
22.8%
.88
-4.13

13.7%
1.34%
-86.78%
-4.2%
.86%
1.75%
86.3%
-.72
42.26%
4.48
-4.18

5.58%
.45%
-21.5%
-.99%
.64%
.02%
94.42%
-1.23
38.16%
5.09
-1.1

1.26%
.1%
-95.67%
-2.02%
1.06%
.08%
98.74%
-1.6
34.5%
2.81
-2.52

6.94%
32.6%
48.47%
82.01%
89.38%
67.31%
64.12%

6.13%
28.%
53.71%
85.28%
95.46%
72.28%
66.59%

6.33%
30.27%
46.95%
75.18%
95.22%
76.26%
63.18%

8.72%
37.07%
39.13%
72.09%
97.76%
67.08%
51.66%

12.19%
12.19%
63.16%

25.62%
12.87%
326.1%

32.78%
18.11%
407.41%

36.05%
19.08%
824.21%

79.46%
100.%

38.97%
50.24%

4.14%
55.23%

.19%
52.94%

10.65%
8.81
8.13
7.7

4.84%
13.16
4.82
17.61

4.61%
8.36
5.1
16.3

2.12%
19.16
2.63
34.09

-4.34

-1.44

-7.02

-6.47

Financial Statement Analysis of Financia

UNITED BANK LIMITED


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
45,076,576.
10,117,188.
17,256,061.
17,703,327.
4,319,088.
571,311,725.
5,210,870.
44,749,690.
492,267,898.
29,083,267.
620,707,389.
50,143,570.
14,540,306.
22,805,341.
115,057,090.
397,736,446.
28,552,722.
19,791,080.
377,945,366.
19,926,915.
20,288,801.
52,763,249.
24,247,281.
28,515,968.
7,753,688.
20,762,280.
11,199,152.
17,780,935.
16,679,968.
14,052,051.
8,445,251.
1,011,718.
25.%
10.%
1,025,033.
48,668,314.
54.05%
4.59%
18.74%
1.36%
1.8%
3.34%
45.95%
1.19
27.8%
1.49
8.35
10.42%
18.54%
60.89%
79.31%
92.04%
80.8%
74.06%
7.18%
4.98%
63.34%

4.NPLs write off to NPLs provisions (D4/C7)


39.18%
5.Provision against NPL to NPLs (C7/C6)
69.31%
I.Capital /leverage ratios
1.Capital ratio (A/C)
7.26%
2.Commitments & contingencies to total equity (E5/A) (times)
1.08
3.Break up value per share (A/E1)
44.55
4.Total deposit to total equity (B3/A) (times)
10.92
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
.12
58

2012

inancial Statement Analysis of Financial Sector

2009
55,914,736.
11,128,907.
21,167,954.
23,617,875.
11,403,627.
573,103,548.
5,166,361.
37,168,277.
503,831,672.
26,937,238.
640,421,911.
61,562,141.
14,049,990.
23,162,130.
137,734,578.
390,493,953.
40,065,237.
28,414,357.
362,079,596.
23,734,082.
18,099,394.

2010
63,919,969.
12,241,798.
24,101,838.
27,576,333.
11,214,211.
651,288,371.
5,074,700.
47,631,814.
567,611,258.
30,970,599.
726,422,551.
67,667,226.
26,430,928.
11,934,778.
231,717,214.
376,480,024.
51,144,170.
34,969,612.
341,510,412.
24,684,566.
22,477,427.

61,745,462.
28,323,272.
33,422,190.
12,879,215.
20,542,975.
12,070,500.
18,911,237.
17,803,338.
14,392,181.
9,487,952.

60,046,011.
25,207,785.
34,838,226.
8,150,258.
26,687,968.
10,584,485.
19,861,194.
19,137,857.
17,688,623.
11,020,925.

(Thousand Rupees)
2011
2012
73,945,411. 82,772,301.
12,241,798. 12,241,798.
27,495,959. 32,298,690.
34,207,654. 38,231,813.
11,975,235. 18,082,083.
721,284,142. 859,356,031.
5,879,043.
7,600,633.
50,845,877. 67,215,209.
633,889,416. 755,264,264.
30,669,806. 29,275,925.
807,204,788. 960,210,415.
86,502,444. 94,766,489.
19,225,488. 22,843,080.
9,536,211. 21,953,458.
301,106,877. 381,245,903.
382,115,775. 430,694,442.
39,967,562. 53,567,224.
40,976,256. 44,860,181.
341,139,519. 385,834,261.
25,722,481. 27,460,839.
23,971,768. 26,106,385.
71,374,143.
31,305,056.
40,071,787.
7,274,864.
32,796,923.
13,129,783.
22,067,945.
21,253,504.
23,633,636.
14,887,113.

75,379,861.
35,736,985.
39,642,876.
4,246,967.
35,395,909.
17,194,831.
26,577,953.
25,448,913.
28,410,446.
19,279,784.

1,112,891.
1,224,180.
1,224,180.
1,224,180.
25.%
50.%
75.%
85.%
10.%
0.0
0.0
0.0
27,084,242. 105,607,607. 100,937,130. 94,242,177.
450,962,490. 269,878,986. 261,653,953. 561,832,979.
54.13%
5.22%
16.97%
1.48%
1.88%
3.21%
45.87%
1.24
25.62%
1.47
8.53

58.02%
4.8%
17.24%
1.52%
1.46%
3.67%
41.98%
1.08
28.12%
1.81
9.

56.14%
4.96%
20.13%
1.84%
1.63%
4.06%
43.86%
.9
26.11%
1.62
12.16

52.59%
4.13%
23.29%
2.01%
1.79%
3.69%
47.41%
.9
28.71%
1.48
15.75

11.81%
21.51%
56.54%
78.67%
89.49%
77.5%
72.18%

12.95%
31.9%
47.01%
78.14%
89.66%
66.33%
61.19%

13.1%
37.3%
42.26%
78.53%
89.36%
60.28%
55.8%

12.25%
39.7%
40.18%
78.66%
89.5%
57.03%
52.37%

10.26%
7.28%
71.65%

13.58%
9.29%
80.01%

10.46%
10.72%
54.05%

12.44%
10.42%
64.72%

45.33%
70.92%

23.31%
68.37%

17.75%
102.52%

9.47%
83.75%

8.73%
8.07
50.24
9.01

8.8%
4.22
52.21
8.88

9.16%
3.54
60.4
8.57

8.62%
6.79
67.61
9.12

2.85

9.58

6.78

4.89

Financial Statement Analysis of Financia

Specialized Banks - Overall


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
-7631049
15,506,103.
2,438,371.
-25575523
3,494,010.
134,345,948.
755,721.
83,318,134.
13,883,492.
36,388,601.
130,208,909.
2,840,235.
18,315,949.
700,000.
12,046,115.
101,188,798.
22,710,747.
21,074,895.
80,113,903.
5,106,662.
11,086,045.
10,686,103.
5,110,072.
5,576,031.
1,333,576.
3,031,251.
6,363,253.
6,819,291.
5,844,945.
4,161,233.
2,322,667.
1,511,536.
N/A
N/A
-2141072
23,033,910.
52.18%
4.28%
-30.44%
1.78%
4.89%
2.33%
47.82%
1.4
40.%
.92
1.54
16.25%
9.25%
61.53%
10.66%
103.18%
728.84%
104.1%
22.44%
20.83%
-297.61%

4.NPLs write off to NPLs provisions (D4/C7)


6.33%
5.Provision against NPL to NPLs (C7/C6)
92.8%
I.Capital /leverage ratios
1.Capital ratio (A/C)
-5.86%
2.Commitments & contingencies to total equity (E5/A) (times)
-3.02
3.Break up value per share (A/E1)
-5.05
4.Total deposit to total equity (B3/A) (times)
-1.82
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) -.92
59

2012

inancial Statement Analysis of Financial Sector

2009
-8401902
15,506,595.
2,474,080.
-26382577
3,667,038.
134,175,343.
750,837.
83,291,453.
13,993,545.
36,139,508.
129,440,479.
2,732,123.
18,153,423.
514,714.
11,287,064.
101,603,284.
29,549,247.
20,845,933.
80,757,351.
5,092,505.
10,903,299.

2010
-2357651
15,507,008.
5,667,412.
-23532071
4,112,638.
142,867,257.
382,039.
80,411,173.
19,388,626.
42,685,419.
144,622,244.
3,938,119.
12,711,768.
108,802.
14,337,679.
114,863,661.
32,828,790.
20,875,323.
93,988,338.
5,088,581.
14,448,957.

10,961,387.
6,273,993.
4,687,354.
1,823,956.
2,863,438.
6,310,426.
6,912,356.
6,616,341.
3,131,648.
1,731,787.

11,382,350.
5,567,663.
5,814,687.
1,756,218.
4,188,997.
4,967,514.
6,693,127.
6,684,865.
2,463,384.
1,482,473.

(Thousand Rupees)
2011
2012
3,400,433.
8,114,652.
15,507,532. 15,351,097.
9,401,686. 11,007,594.
-21508785
-18244039
4,722,128.
5,261,557.
141,606,251. 146,980,411.
424,070.
437,560.
77,927,198. 79,171,231.
17,679,270. 17,407,827.
45,575,713. 49,963,792.
149,728,812. 160,356,619.
3,877,585.
4,394,306.
13,369,905.
9,988,434.
875,567.
811,007.
19,444,243. 25,493,629.
114,608,118. 119,722,057.
34,587,578. 34,212,906.
20,393,166. 20,450,700.
94,214,952. 99,271,357.
5,098,297.
4,826,071.
12,848,263. 15,571,815.
12,186,304.
5,200,549.
7,558,555.
853,140.
6,474,415.
3,394,097.
6,302,529.
6,125,243.
3,572,001.
2,435,519.

13,795,807.
4,506,849.
9,288,958.
1,213,615.
8,075,343.
4,597,348.
8,815,351.
8,668,686.
3,857,340.
2,528,709.

1,511,541.
1,497,415.
1,497,421.
1,497,421.
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-34771
-220985
2,177,250. -164521
26,032,331. 15,407,849. 14,728,671. 15,999,364.
42.76%
3.62%
-20.61%
1.34%
4.88%
2.21%
57.24%
2.11
40.02%
1.05
1.15

51.09%
4.02%
-62.88%
1.03%
3.43%
2.9%
48.91%
2.71
40.94%
1.35
.99

62.02%
4.67%
71.62%
1.63%
2.27%
4.32%
42.68%
1.71
40.45%
1.8
1.63

67.33%
5.79%
31.16%
1.58%
2.87%
5.04%
32.67%
2.25
47.93%
1.89
1.69

16.14%
8.72%
62.39%
10.81%
103.66%
726.07%
104.44%

11.51%
9.91%
64.99%
13.41%
98.79%
592.43%
115.09%

11.52%
12.99%
62.92%
11.81%
94.58%
648.26%
119.87%

8.97%
15.9%
61.91%
10.86%
91.66%
687.75%
123.96%

29.08%
20.52%
-351.7%

28.58%
18.17%
-1,392.44%

30.18%
17.79%
1,017.15%

28.58%
17.08%
421.62%

8.75%
70.55%

8.41%
63.59%

4.18%
58.96%

5.93%
59.77%

-6.49%
-3.1
-5.56
-1.67

-1.63%
-6.54
-1.57
-8.22

2.27%
4.33
2.27
5.2

5.06%
1.97
5.42
2.15

-.02

-.15

.89

-.07

Financial Statement Analysis of Financia

INDUSTRIAL DEV. BANK OF PAKISTAN


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
-27942705
157,000.
750,548.
-28850253
-252683
35,440,978.
29,471.
22,542,821.
4,637,119.
8,231,567.
7,245,590.
212,428.
30,513.
600,000.
4,036,610.
6,492,401.
0.0
6,367,623.
124,778.
125,120.
2,116,141.
441,814.
616,701.
-174887
-605602
-780489
160,487.
793,010.
158,076.
173,008.
128,542.
15,700.
0.0
0.0
-549050
139,219.
-39.58%
-2.41%
-.46%
1.77%
2.21%
-10.77%
139.58%
.91
131.66%
.98
8.19
3.35%
55.71%
1.72%
64.%
489.14%
140.01%
23.89%
0.0
98.08%
0.0

4.NPLs write off to NPLs provisions (D4/C7)


-9.51%
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
-385.65%
2.Commitments & contingencies to total equity (E5/A) (times)
0.0
3.Break up value per share (A/E1)
-1,779.79
4.Total deposit to total equity (B3/A) (times)
-.17
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) -4.27
60

2012

inancial Statement Analysis of Financial Sector

2009
-27804610
157,000.
750,548.
-28712158
-365817
33,978,550.
38,612.
22,305,318.
3,796,797.
7,837,823.
5,808,123.
183,885.
50,313.
481,269.
3,178,546.
6,411,877.
6,283,508.
6,269,695.
142,182.
120,568.
1,651,360.

2010
-27709145
157,000.
750,548.
-28616693
-254642
33,121,740.
13,717.
22,466,356.
3,313,563.
7,328,104.
5,157,953.
150,299.
64,681.
108,802.
3,015,974.
6,266,499.
6,158,107.
6,158,107.
108,392.
123,390.
1,586,415.

(Thousand Rupees)
2011
2012
-27673517
-27501370
157,000.
1.
750,548.
0.0
-28581065
-27501370
-227663
34,191.
33,045,645. 32,014,058.
20,096.
10,559.
22,553,874. 24,292,043.
3,274,523.
575,373.
7,197,152.
7,136,082.
5,144,465.
4,546,879.
137,589.
57,432.
59,750.
20,171.
75,567.
61,007.
2,864,998.
1,930,923.
6,294,331.
6,247,019.
6,226,954.
6,221,583.
6,192,209.
6,193,926.
102,122.
53,093.
59,364.
55,240.
1,845,075.
2,369,013.

404,055.
284,378.
300,466.
689,973.
537,511.
586,866.
-285958
-253133
286,400.
-159224
65,264.
96,224.
-126694
-187869
-190176
422,828.
477,293.
223,134.
155,888.
192,004.
35,967.
180,890.
196,798.
187,125.
140,246.
97,420.
3,009.
138,095.
95,465.
35,628.

74,435.
105,173.
-30738
-9278
-21460
76,205.
78,331.
78,228.
-23586
-23866

15,700.
1,570.
1,570.
1,570.
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-756259
-280827
-255917
-1016245
145,208.
141,970.
142,059.
142,059.
-70.77%
-4.92%
-.5%
2.38%
7.28%
-2.18%
170.76%
1.29
18.85%
.43
8.8

-89.01%
-4.91%
-.34%
1.85%
9.25%
-3.64%
189.01%
2.02
25.21%
.41
60.81

95.32%
-5.57%
-.13%
.69%
4.34%
-3.7%
195.32%
62.19
6.87%
.84
22.69

-41.3%
-.68%
.09%
-.52%
1.68%
-.47%
141.3%
-3.32
52.%
1.03
-15.2

4.03%
54.73%
2.45%
65.37%
585.02%
168.88%
24.56%

4.17%
58.47%
2.1%
64.24%
642.15%
189.12%
24.31%

3.84%
55.69%
1.99%
63.65%
642.35%
192.22%
24.37%

1.71%
42.47%
1.17%
12.65%
704.09%
1,085.73%
25.12%

98.%
97.78%
-22.6%

98.27%
98.27%
-22.22%

98.93%
98.38%
-22.5%

99.59%
99.15%
-22.62%

-2.54%
99.78%

1.06%
100.%

1.55%
99.44%

-.15%
99.56%

-478.72%
-.01
-1,770.99
-.14

-537.21%
-.01
-17,649.14
-.12

-537.93%
-.01
-17,626.44
-.12

-604.84%
-.01
-17,516.8
-.02

-5.48

-2.94

-7.18

42.58

Financial Statement Analysis of Financia

SME BANK LTD.


Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)

2008
2,356,333.
2,392,507.
199,356.
-235530
-401844
3,802,521.
37,686.
1,518,100.
1,892,018.
354,717.
5,757,010.
200,112.
49,751.
100,000.
2,545,053.
7,942,929.
5,496,498.
5,416,607.
2,526,322.
124,546.
211,226.
774,797.
385,379.
389,418.
11,368.
378,050.
58,647.
568,691.
570,101.
-131994
-532948
239,251.
0.0
0.0
550,566.
2,550,866.
50.26%
6.76%
-22.62%
-9.26%
1.02%
6.57%
49.74%
-4.32
68.23%
9.72
-2.23
4.34%
44.21%
43.88%
32.86%
66.05%
419.81%
232.92%
69.2%
68.19%
233.26%

4.NPLs write off to NPLs provisions (D4/C7)


.21%
5.Provision against NPL to NPLs (C7/C6)
98.55%
I.Capital /leverage ratios
1.Capital ratio (A/C)
40.93%
2.Commitments & contingencies to total equity (E5/A) (times)
1.08
3.Break up value per share (A/E1)
9.85
4.Total deposit to total equity (B3/A) (times)
.8
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) -1.03
61

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
2,426,535.
2,184,805.
1,976,571.
1,564,101.
2,392,507.
2,392,507.
2,392,507.
2,392,507.
235,636.
234,660.
234,660.
234,660.
-201608
-442362
-650596
-1063066
-69984
-61157
21,753.
74,488.
5,192,070.
4,508,821.
5,758,864.
7,759,271.
54,542.
40,505.
183,863.
102,132.
1,728,922.
1,437,604.
2,171,669.
3,587,031.
2,934,403.
2,651,948.
2,999,192.
3,326,423.
474,203.
378,764.
404,140.
743,685.
7,548,621.
6,632,469.
7,757,188.
9,397,860.
213,861.
228,062.
214,655.
278,502.
79,660.
20,912.
9,865.
44,228.
33,445.
0.0
800,000.
750,000.
2,701,816.
2,680,334.
3,027,667.
4,569,617.
9,243,470.
8,744,596.
8,655,771.
8,709,930.
6,166,877.
5,995,141.
5,937,822.
5,877,266.
5,285,573.
5,436,997.
5,306,693.
5,362,510.
3,957,897.
3,307,599.
3,349,078.
3,347,420.
122,462.
132,586.
135,321.
145,414.
439,480.
262,976.
220,602.
262,679.
879,072.
647,521.
728,192.
819,120.
523,653.
350,732.
432,919.
537,819.
355,419.
296,789.
295,273.
281,301.
58,921.
166,780.
74,676.
70,514.
296,498.
130,009.
369,949.
210,787.
21,478.
62,287.
26,738.
18,859.
1,216,276.
529,348.
613,257.
641,119.
1,236,080.
517,111.
608,610.
636,726.
-28160
-337052
-216570
-411473
-33894
-297652
-225031
-420282
239,251.
239,251.
0.0
0.0
0.0
0.0
-539136
-4386
2,988,550.
3,658,819.

239,251.
0.0
0.0
490,316.
3,658,819.

239,251.
0.0
0.0
1,656,889.
4,950,066.

40.43%
4.71%
-1.4%
-.45%
.28%
3.93%
59.57%
-43.89
135.06%
57.55
-.14

45.83%
4.47%
-13.62%
-4.49%
.94%
1.96%
54.17%
-1.53
74.58%
8.3
-1.24

40.55%
3.81%
-11.38%
-2.9%
.34%
4.77%
59.45%
-2.81
81.23%
22.76
-.94

34.34%
2.99%
-26.87%
-4.47%
.2%
2.24%
65.66%
-1.55
76.51%
33.76
-1.76

3.89%
35.79%
52.43%
38.87%
68.78%
315.%
198.22%

3.75%
40.41%
49.87%
39.98%
67.98%
329.74%
213.83%

2.89%
39.03%
43.17%
38.66%
74.24%
288.6%
167.4%

3.43%
48.62%
35.62%
35.4%
82.56%
261.84%
125.99%

66.72%
57.18%
254.14%

68.56%
62.18%
274.4%

68.6%
61.31%
300.41%

67.48%
61.57%
375.76%

1.11%
85.71%

3.07%
90.69%

1.41%
89.37%

1.31%
91.24%

32.15%
1.23
10.14
1.21

32.94%
1.67
9.13
1.21

25.48%
1.85
8.26
1.52

16.64%
3.16
6.54
2.13

15.91

.01

-2.18

-3.94

Financial Statement Analysis of Financia

THE PUNJAB PROVINCIAL COOPERATIVE BANK LIMITED


2008
Items
A.Total equity (A1 to A3)
1,066,511.
1.Share capital
434,155.
2.Reserves
402,298.
3.Un appropriated profit
230,058.
4.Others
3,654,089.
B.Total liabilities(B1 to B4)
10,113,896.
1.Bills payable
75,186.
2.Borrowings from financial institutions
8,000,000.
3.Deposits and other accounts
1,929,185.
4.Other/misc. liabilities
109,525.
C.Total assets (C1 to C4 + C8 to C10)
14,834,496.
1.Cash and balances with treasury banks
695,200.
2.Balances with other banks
2,230,225.
3.Lending to financial institutions
4.Investments
508,762.
5.Gross advances
8,983,220.
6.Advances-non-performing/classified
4,228,634.
7.Provision against advances
1,443,914.
8.Advances net of provision (C5-C7)
7,539,306.
9.Fixed assets
3,712,774.
10.Other/misc. assets
148,229.
D.Profit & loss account
1.Markup/interest earned
984,869.
2.Markup/interest expensed
618,581.
3.Net markup/interest income
366,288.
4.Provisions and write-offs
3,551.
5.Net markup/interest income after provisions
362,737.
6.Non-markup/interest income
355,393.
7.Non-markup/interest expenses
596,544.
8.Administrative expenses
596,293.
9.Profit/(loss) before taxation
121,586.
10.Profit/(loss) after taxation
120,416.
E.Other items
1.No. of ordinary shares (000)
4,342.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-3725168
4.Cash generated from operating activities
5.Commitments and contigencies
9,031,919.
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
37.19%
2.Net markup/interest margin (D1-D2)/C
2.47%
3.Return on equity (ROE) (D10/A)
11.29%
4.Return on assets (ROA) (D10/C)
.81%
5.Non-markup/interest income to total assets (D6/C)
2.4%
6.Net markup/interest income(after prov.) to total assets(D5/C)
2.45%
7.Markup/interest expense to markup/interest income (D2/D1)
62.81%
8.Admin. expense to profit before tax. (D8/D9) (times)
4.9
9.Non-markup/interest expense to total income D7/(D1+D6)
44.51%
10.Admin. expense to non-markup/interest income (D8/D6) (times)
1.68
11.Earning per share (D10/E1)
27.74
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
19.72%
2.Investment to total assets (C4/C)
3.43%
3.Advances net of provisions to total assets (C8/C)
50.82%
4.Deposits to total assets (B3/C)
13.%
5.Total liabilities to total assets (B/C)
68.18%
6.Gross advances to deposits (C5/B3)
465.65%
7.Gross advances to borrowing & deposit C5/(B2+B3)
90.47%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
47.07%
2.Provisions against NPLs to gross advances (C7/C5)
16.07%
3.NPLs to shareholders equity (C6/A)
396.49%

4.NPLs write off to NPLs provisions (D4/C7)


.25%
5.Provision against NPL to NPLs (C7/C6)
34.15%
I.Capital /leverage ratios
1.Capital ratio (A/C)
7.19%
2.Commitments & contingencies to total equity (E5/A) (times)
8.47
3.Break up value per share (A/E1)
245.65
4.Total deposit to total equity (B3/A) (times)
1.81
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)-30.94
62

2012

inancial Statement Analysis of Financial Sector

2009
87,361.
434,647.
401,727.
-749013
3,608,391.
10,016,170.
44,305.
8,000,000.
1,837,175.
134,690.
13,711,922.
601,882.
2,017,990.
0.0
451,012.
8,177,689.
4,113,247.
1,443,914.
6,733,775.
3,705,253.
202,010.
1,193,637.
1,570,956.
-377319
-377319
77,394.
679,146.
678,896.
-979071
-979071
4,346.
0.0
0.0
-321956
11,586,667.

(Thousand Rupees)
2010
2011
2,304,214.
6,089,755.
435,060.
435,584.
2,797,793.
6,103,037.
-928639
-448866
3,586,269.
3,614,195.
9,355,390.
4,655,249.
21,777.
11,994.
5,250,000.
1,944,442.
3,820,343.
2,443,098.
263,270.
255,715.
15,245,873. 14,359,199.
814,147.
468,879.
1,709,436.
2,123,846.
0.0
0.0
799,673.
1,503,620.
7,385,647.
7,625,939.
3,430,614.
2,498,221.
1,605,894.
1,605,893.
5,779,753.
6,020,046.
3,700,872.
3,736,445.
2,441,992.
506,363.
1,553,750.
965,655.
588,095.
0.0
158,452.
429,643.
76,830.
681,299.
680,681.
-174826
-179626

2012
8,454,769.
436,148.
7,941,588.
77,033.
3,353,994.
2,743,763.
30,845.
0.0
2,409,075.
303,843.
14,552,526.
533,867.
923,473.
0.0

0.0
1,108,617.
9,416,313.
2,189,476.
1,605,893.
7,810,420.
3,445,150.
730,999.

1,647,318.
386,027.
1,261,291.
1,261,291.
73,906.
826,794.
826,662.
508,403.
479,773.

1,580,867.
126,469.
1,454,398.
88,059.
1,366,339.
85,896.
1,049,244.
877,831.
402,991.
383,330.

4,351.
4,356.
0.0
0.0
0.0
0.0
-2135260
-2529962
241,483.
392,711.

4,356.
0.0
0.0
-3326137
372,157.

0.0

-31.61%
-2.75%
-1,120.72%
-7.14%
.56%
-2.75%
131.61%
-.69
53.43%
8.77
-225.26

37.85%
3.86%
-7.8%
-1.18%
.5%
2.82%
62.15%
-3.89
41.78%
8.86
-41.29

76.57%
8.78%
7.88%
3.34%
.51%
8.78%
23.43%
1.63
48.04%
11.19
110.14

92.%
9.99%
4.53%
2.63%
.59%
9.39%
8.%
2.18
62.95%
10.22
88.

19.11%
3.29%
49.11%
13.4%
73.05%
445.12%
83.13%

16.55%
5.25%
37.91%
25.06%
61.36%
193.32%
81.43%

18.06%
10.47%
41.92%
17.01%
32.42%
312.14%
173.81%

10.01%
7.62%
53.67%
16.55%
18.85%
390.87%
390.87%

50.3%
17.66%
4,708.33%

46.45%
21.74%
148.88%

32.76%
21.06%
41.02%

23.25%
17.05%
25.9%

0.0
35.1%

9.87%
46.81%

0.0
64.28%

5.48%
73.35%

.64%
132.63
20.1
21.03

15.11%
.1
529.63
1.66

42.41%
.06
1,398.02
.4

58.1%
.04
1,940.95
.28

.33

11.89

-5.27

-8.68

Financial Statement Analysis of Financia

ZARAI TARAQIATI BANK LTD. (ZTBL)


2008
Items
A.Total equity (A1 to A3)
16,888,812.
1.Share capital
12,522,441.
2.Reserves
1,086,169.
3.Un appropriated profit
3,280,202.
4.Others
494,448.
B.Total liabilities(B1 to B4)
84,988,553.
1.Bills payable
613,378.
2.Borrowings from financial institutions
51,257,213.
3.Deposits and other accounts
5,425,170.
4.Other/misc. liabilities
27,692,792.
C.Total assets (C1 to C4 + C8 to C10)
102,371,813.
1.Cash and balances with treasury banks
1,732,495.
2.Balances with other banks
16,005,460.
3.Lending to financial institutions
0.0
4.Investments
4,955,690.
5.Gross advances
77,770,248.
6.Advances-non-performing/classified
12,985,615.
7.Provision against advances
7,846,751.
8.Advances net of provision (C5-C7)
69,923,497.
9.Fixed assets
1,144,222.
10.Other/misc. assets
8,610,449.
D.Profit & loss account
1.Markup/interest earned
8,484,623.
2.Markup/interest expensed
3,489,411.
3.Net markup/interest income
4,995,212.
4.Provisions and write-offs
1,924,259.
5.Net markup/interest income after provisions
3,070,953.
6.Non-markup/interest income
5,788,726.
7.Non-markup/interest expenses
4,861,046.
8.Administrative expenses
4,520,475.
9.Profit/(loss) before taxation
3,998,633.
10.Profit/(loss) after taxation
2,606,657.
E.Other items
1.No. of ordinary shares (000)
1,252,244.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
1,582,580.
5.Commitments and contigencies
11,311,906.
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
58.87%
2.Net markup/interest margin (D1-D2)/C
4.88%
3.Return on equity (ROE) (D10/A)
15.43%
4.Return on assets (ROA) (D10/C)
2.55%
5.Non-markup/interest income to total assets (D6/C)
5.65%
6.Net markup/interest income(after prov.) to total assets(D5/C)
3.%
7.Markup/interest expense to markup/interest income (D2/D1)
41.13%
8.Admin. expense to profit before tax. (D8/D9) (times)
1.13
9.Non-markup/interest expense to total income D7/(D1+D6)
34.06%
10.Admin. expense to non-markup/interest income (D8/D6) (times)
.78
11.Earning per share (D10/E1)
2.08
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
17.33%
2.Investment to total assets (C4/C)
4.84%
3.Advances net of provisions to total assets (C8/C)
68.3%
4.Deposits to total assets (B3/C)
5.3%
5.Total liabilities to total assets (B/C)
83.02%
6.Gross advances to deposits (C5/B3)
1,433.51%
7.Gross advances to borrowing & deposit C5/(B2+B3)
137.2%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
16.7%
2.Provisions against NPLs to gross advances (C7/C5)
10.09%
3.NPLs to shareholders equity (C6/A)
76.89%

4.NPLs write off to NPLs provisions (D4/C7)


24.52%
5.Provision against NPL to NPLs (C7/C6)
60.43%
I.Capital /leverage ratios
1.Capital ratio (A/C)
16.5%
2.Commitments & contingencies to total equity (E5/A) (times)
.67
3.Break up value per share (A/E1)
13.49
4.Total deposit to total equity (B3/A) (times)
.32
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
.61
63

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
16,888,812. 20,862,475. 23,007,624. 25,597,151.
12,522,441. 12,522,441. 12,522,441. 12,522,441.
1,086,169.
1,884,411.
2,313,441.
2,831,346.
3,280,202.
6,455,623.
8,171,742. 10,243,364.
494,448.
842,168.
1,313,843.
1,798,884.
84,988,553. 95,881,306. 98,146,493. 104,463,319.
613,378.
306,040.
208,117.
294,024.
51,257,213. 51,257,213. 51,257,213. 51,292,157.
5,425,170.
9,602,772.
8,962,457. 11,096,956.
27,692,792. 34,715,281. 37,718,706. 41,780,182.
102,371,813. 117,585,949. 122,467,960. 131,859,354.
1,732,495.
2,745,611.
3,056,462.
3,524,505.
16,005,460. 10,916,739. 11,176,444.
9,000,562.
0.0
0.0
0.0
4,955,690.
7,841,698. 12,047,958. 17,884,472.
77,770,248. 92,466,919. 92,032,077. 95,348,795.
12,985,615. 17,244,928. 19,924,581. 19,924,581.
7,846,751.
7,674,325.
7,288,371.
7,288,371.
69,923,497. 84,792,594. 84,743,706. 88,060,424.
1,144,222.
1,131,733.
1,167,167.
1,180,267.
8,610,449. 10,157,574. 10,276,223. 12,209,124.
8,484,623.
3,489,411.
4,995,212.
1,924,259.
3,070,953.
5,788,726.
4,861,046.
4,520,475.
3,998,633.
2,606,657.

8,896,701.
3,713,765.
5,182,936.
1,365,722.
3,817,214.
4,351,104.
5,290,476.
5,290,275.
2,877,842.
1,864,286.

9,510,328.
3,794,737.
5,715,591.
682,240.
5,033,351.
3,070,319.
4,826,511.
4,502,846.
3,277,159.
2,145,149.

11,321,385.
3,737,388.
7,583,997.
1,064,320.
6,519,677.
4,416,388.
7,046,657.
7,075,901.
3,889,408.
2,589,527.

1,252,244.
0.0
0.0
1,582,580.
11,311,906.

1,252,244.
0.0
0.0
2,199,488.
11,365,577.

1,252,244.
0.0
0.0
4,472,813.
10,535,082.

1,252,244.
0.0
0.0
2,520,972.
10,535,082.

58.87%
4.88%
15.43%
2.55%
5.65%
3.%
41.13%
1.13
34.06%
.78
2.08

58.26%
4.41%
8.94%
1.59%
3.7%
3.25%
41.74%
1.84
39.93%
1.22
1.49

60.1%
4.67%
9.32%
1.75%
2.51%
4.11%
39.9%
1.37
38.36%
1.47
1.71

66.99%
5.75%
10.12%
1.96%
3.35%
4.94%
33.01%
1.82
44.78%
1.6
2.07

17.33%
4.84%
68.3%
5.3%
83.02%
1,433.51%
137.2%

11.62%
6.67%
72.11%
8.17%
81.54%
962.92%
151.93%

11.62%
9.84%
69.2%
7.32%
80.14%
1,026.86%
152.83%

9.5%
13.56%
66.78%
8.42%
79.22%
859.23%
152.83%

16.7%
10.09%
76.89%

18.65%
8.3%
82.66%

21.65%
7.92%
86.6%

20.9%
7.64%
77.84%

0.0

24.52%
60.43%

17.8%
44.5%

9.36%
36.58%

14.6%
36.58%

16.5%
.67
13.49
.32

17.74%
.54
16.66
.46

18.79%
.46
18.37
.39

19.41%
.41
20.44
.43

.61

1.18

2.09

.97

Financial Statement Analysis of Financia

Foreign Banks - Overall


Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)

2008
34,504,276.
32,130,320.
75,785.
2,298,171.
-532853
200,590,252.
4,423,404.
17,346,929.
147,938,165.
30,881,754.
234,561,675.
34,935,292.
18,369,224.
29,913,984.
22,592,924.
104,440,711.
3,136,262.
2,519,229.
101,921,482.
3,697,504.
23,131,265.
18,232,589.
9,098,668.
9,133,921.
4,568,218.
4,609,161.
5,772,095.
10,374,744.
10,318,250.
6,512.
650,623.
32,730,565.
400,482,828.
50.1%
3.89%
1.89%
.28%
2.46%
1.97%
49.9%
1,584.5
43.22%
1.79
22.73%
9.63%
43.45%
63.07%
85.52%
70.6%
63.19%
3.%
2.41%
9.09%
181.33%
80.33%
14.71%

2.Commitments & contingencies to total equity (E2/A) (times)


11.61
3.Total deposit to total equity (B3/A) (times)
4.29
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)50.31
64

2012

inancial Statement Analysis of Financial Sector

2009
35,848,774.
34,884,218.
92,715.
871,841.
-109477
205,297,310.
3,597,659.
16,730,580.
160,936,430.
24,032,641.
241,036,607.
34,793,226.
16,269,846.
32,117,954.
52,372,610.
95,113,870.
6,390,991.
4,788,386.
90,325,484.
3,589,490.
11,567,997.

2010
34,798,653.
33,990,807.
125,573.
682,273.
-290802
198,745,518.
5,563,282.
15,425,137.
156,330,793.
21,426,306.
233,253,369.
32,794,541.
4,071,743.
36,480,166.
79,809,697.
71,494,989.
9,092,759.
5,866,992.
65,627,997.
2,223,119.
12,246,106.

(Thousand Rupees)
2011
2012
42,686,834. 40,764,761.
38,719,753. 41,149,068.
149,286.
154,932.
3,817,795. -539239
-156810
18,339.
212,744,960. 205,907,668.
3,985,328.
3,685,078.
21,464,351. 23,815,591.
167,870,827. 158,703,062.
19,424,454. 19,703,937.
255,274,984. 246,690,768.
38,476,243. 41,734,099.
4,428,638. 14,002,488.
18,354,071. 30,102,521.
113,381,404. 85,518,862.
73,215,564. 67,871,914.
7,600,522.
9,112,571.
6,803,909.
8,550,234.
66,411,655. 59,321,680.
2,176,487.
1,741,337.
12,046,486. 14,269,781.

22,263,026.
12,197,135.
10,065,891.
4,727,009.
5,340,538.
5,608,678.
12,054,031.
11,898,100.
-850572
-809378

20,412,048.
5,093,661.
9,890,805.
2,621,491.
7,313,652.
4,838,183.
9,536,841.
9,360,937.
2,046,648.
959,711.

24,027,713. 20,465,084.
12,183,100. 10,034,708.
11,844,613. 10,430,376.
1,346,793.
1,902,267.
10,540,008.
8,528,109.
4,551,421.
4,677,921.
9,730,146. 11,446,772.
9,633,773. 11,366,923.
5,600,422.
916,376.
3,660,658. -227213

26,615,972. 12,685,046. 28,223,861.


9,592,298.
389,092,022. 445,240,807. 456,416,758. 408,532,273.
45.21%
4.18%
-2.26%
-.34%
2.33%
2.22%
54.79%
-13.99
43.25%
2.12

48.46%
6.57%
2.76%
.41%
2.07%
3.14%
24.95%
4.57
37.77%
1.93

49.3%
4.64%
8.58%
1.43%
1.78%
4.13%
50.7%
1.72
34.05%
2.12

50.97%
4.23%
-.56%
-.09%
1.9%
3.46%
49.03%
12.4
45.53%
2.43

21.18%
21.73%
37.47%
66.77%
85.17%
59.1%
53.53%

15.81%
34.22%
28.14%
67.02%
85.21%
45.73%
41.63%

16.81%
44.42%
26.02%
65.76%
83.34%
43.61%
38.67%

22.59%
34.67%
24.05%
64.33%
83.47%
42.77%
37.19%

6.72%
5.03%
17.83%
98.72%
74.92%

12.72%
8.21%
26.13%
44.68%
64.52%

10.38%
9.29%
17.81%
19.79%
89.52%

13.43%
12.6%
22.35%
22.25%
93.83%

14.87%

14.92%

16.72%

16.52%

10.85
4.49

12.79
4.49

10.69
3.93

10.02
3.89

-32.88

13.22

7.71

-42.22

Financial Statement Analysis of Financia

BARCLAYS BANK PLC


Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)

2008
6,330,486.
7,139,900.
0.0
-809414
1,507.
18,272,040.
256,590.
2,476,155.
14,557,453.
981,842.
24,604,033.
1,609,550.
392,032.
1,485,808.
9,332,849.
9,713,315.
0.0
33,841.
9,679,474.
1,381,260.
723,060.
832,665.
335,338.
497,327.
33,841.
463,486.
28,515.
1,700,415.
1,700,315.
-1208414
-809414
5,675,244.
2,475,663.
59.73%
2.02%
-12.79%
-3.29%
.12%
1.88%
40.27%
-1.41
197.45%
59.63
8.14%
37.93%
39.34%
59.17%
74.26%
66.72%
57.02%
0.0
.35%
0.0
100.%

25.73%

2.Commitments & contingencies to total equity (E2/A) (times)


.39
3.Total deposit to total equity (B3/A) (times)
2.3
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)-7.01
65

2012

inancial Statement Analysis of Financial Sector

-2480542
5,578.
35,697,127.
317,339.
2,988,707.
29,920,456.
2,470,625.
42,542,727.
2,434,134.
1,517,901.
5,857,743.
11,625,172.
18,228,753.
931,048.
194,968.
18,033,785.
1,451,343.
1,622,649.

(Thousand Rupees)
2010
2011
2012
6,476,901.
6,921,917.
6,818,947.
9,756,756.
9,756,756. 10,807,382.
0.0
0.0
0.0
-3279855
-2834839
-3988435
-8849
2,242.
5,237.
41,812,643. 51,099,611. 40,954,083.
402,249.
573,408.
521,584.
7,193,234.
4,437,328.
9,291,803.
32,301,878. 44,664,909. 29,957,830.
1,915,282.
1,423,966.
1,182,866.
48,280,695. 58,023,770. 47,778,267.
2,912,164.
3,725,801.
4,694,728.
2,189,397.
2,649,904.
3,711,567.
1,646,369.
4,038,234.
21,014,371. 23,791,214. 19,402,553.
17,897,052. 21,506,942. 18,625,716.
612,471.
644,049.
881,824.
460,193.
508,545.
881,824.
17,436,859. 20,998,397. 17,743,892.
928,091.
802,563.
513,034.
2,153,444.
2,017,657.
1,712,493.

3,336,395.
2,000,062.
1,336,333.
161,127.
1,175,206.
72,953.
3,976,964.
3,975,517.
-2343683
-1671128

4,391,663.
2,756,649.
1,635,014.
268,149.
1,366,865.
359,985.
2,486,406.
2,484,133.
-1224843
-799313

5,517,128.
4,492,307.
3,507,884.
2,733,763.
2,009,244.
1,758,544.
50,886.
378,341.
1,958,358.
1,380,203.
517,865.
398,214.
2,061,999.
1,976,361.
2,024,219.
1,965,680.
653,363. -1040826
445,016. -1153596

2,554,422.
8,426,357.

10,264,246.
9,490,085.

4,181,079. -3452934
21,707,157. 14,303,464.

40.05%
3.14%
-24.43%
-3.93%
.17%
2.76%
59.95%
-1.7
116.65%
54.49

37.23%
3.39%
-12.34%
-1.66%
.75%
2.83%
62.77%
-2.03
52.33%
6.9

36.42%
3.46%
6.43%
.77%
.89%
3.38%
63.58%
3.1
34.17%
3.91

39.15%
3.68%
-16.92%
-2.41%
.83%
2.89%
60.85%
-1.89
40.41%
4.94

9.29%
27.33%
42.39%
70.33%
83.91%
60.92%
55.39%

10.57%
43.53%
36.12%
66.9%
86.6%
55.41%
45.31%

10.99%
41.%
36.19%
76.98%
88.07%
48.15%
43.8%

17.59%
40.61%
37.14%
62.7%
85.72%
62.17%
47.45%

5.11%
1.07%
13.61%
82.64%

3.42%
2.57%
9.46%
58.27%
75.14%

2.99%
2.36%
9.3%
10.01%
78.96%

4.73%
4.73%
12.93%
42.9%
100.%

13.42%

11.93%

14.27%

2009
6,840,022.
9,320,564.

20.94%
16.08%

0.0

0.0

1.23
4.37

1.47
4.99

3.14
6.45

2.1
4.39

-1.53

-12.84

9.4

2.99

Financial Statement Analysis of Financia

CITI BANK N. A.
Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)

2008
9,507,730.
7,742,345.
75,785.
1,689,600.
-494658
92,638,755.
1,660,227.
3,152,988.
65,484,768.
22,340,772.
101,651,827.
10,583,830.
7,358,861.
14,166,060.
9,194,307.
43,635,814.
1,955,724.
1,779,065.
41,856,749.
1,474,167.
17,017,853.
9,943,656.
4,144,702.
5,798,954.
4,058,001.
1,740,953.
3,546,047.
5,168,151.
5,127,991.
118,849.
800,362.
-1086131
255,409,196.
58.32%
5.7%
8.42%
.79%
3.49%
1.71%
41.68%
43.15
38.31%
1.45
17.65%
9.04%
41.18%
64.42%
91.13%
66.64%
63.57%
4.48%
4.08%
20.57%
228.1%
90.97%
9.35%

2.Commitments & contingencies to total equity (E2/A) (times)


26.86
3.Total deposit to total equity (B3/A) (times)
6.89
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)-1.36
66

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
8,652,136.
9,139,755. 10,919,505.
9,020,401.
6,780,848.
6,812,671.
6,812,671.
6,812,671.
92,715.
125,573.
149,286.
154,932.
1,778,573.
2,201,511.
3,957,548.
2,052,798.
-126721
-274283
-153137
16,512.
81,255,385. 88,488,440. 86,136,429. 76,134,897.
1,654,759.
1,164,263.
2,028,623.
2,185,724.
5,561,411.
4,342,038. 11,231,101.
141,666.
58,147,204. 68,304,814. 61,678,515. 64,293,565.
15,892,011. 14,677,325. 11,198,190.
9,513,942.
89,780,800. 97,353,912. 96,902,797. 85,171,810.
7,706,034.
7,001,789.
6,990,879.
6,770,561.
2,735,953.
1,396,604.
1,149,455.
6,035,738.
10,155,661. 11,410,316.
1,339,057. 14,913,193.
33,122,217. 50,236,317. 60,399,022. 31,339,172.
31,204,853. 23,731,204. 24,278,087. 24,441,680.
3,158,076.
4,309,629.
5,506,335.
6,207,490.
2,959,824.
4,486,991.
5,457,684.
6,185,998.
28,245,029. 19,244,213. 18,820,403. 18,255,682.
1,266,456.
865,640.
634,699.
366,664.
6,549,450.
7,199,033.
7,569,282.
7,490,800.
9,983,377.
4,720,788.
5,262,589.
3,285,903.
1,976,686.
2,449,934.
4,124,032.
3,987,382.
302,588.
88,973.

9,373,975.
4,241,090.
5,132,885.
1,942,347.
3,190,538.
2,053,698.
4,047,233.
3,879,891.
1,197,003.
422,938.

10,279,671.
4,580,040.
5,699,631.
1,171,851.
4,527,780.
2,049,204.
4,053,148.
4,002,884.
2,523,836.
1,756,037.

8,262,997.
3,030,151.
5,232,846.
822,094.
4,410,752.
2,455,997.
4,546,244.
4,479,324.
2,320,505.
1,423,241.

17,837,265.
1,562,704.
1,320,908.
860,554.
287,394,471. 307,209,267. 273,951,876. 166,965,936.
52.71%
5.86%
1.03%
.1%
2.73%
2.2%
47.29%
13.18
33.17%
1.63

54.76%
5.27%
4.63%
.43%
2.11%
3.28%
45.24%
3.24
35.42%
1.89

55.45%
5.88%
16.08%
1.81%
2.11%
4.67%
44.55%
1.59
32.88%
1.95

63.33%
6.14%
15.78%
1.67%
2.88%
5.18%
36.67%
1.93
42.41%
1.82

11.63%
36.89%
31.46%
64.77%
90.5%
53.67%
48.98%

8.63%
51.6%
19.77%
70.16%
90.89%
34.74%
32.67%

8.4%
62.33%
19.42%
63.65%
88.89%
39.36%
33.3%

15.04%
36.8%
21.43%
75.49%
89.39%
38.02%
37.93%

10.12%
9.49%
36.5%
111.02%
93.72%

18.16%
18.91%
47.15%
43.29%
104.12%

22.68%
22.48%
50.43%
21.47%
99.12%

25.4%
25.31%
68.82%
13.29%
99.65%

9.64%

9.39%

11.27%

10.59%

33.22
6.72

33.61
7.47

25.09
5.65

18.51
7.13

200.48

3.69

.75

.6

Financial Statement Analysis of Financia

DEUTSCHE BANK AG
Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)

2008
4,634,445.
3,600,702.
0.0
1,033,743.
-232
17,095,525.
1,683,524.
532,521.
10,317,214.
4,562,266.
21,729,738.
4,754,734.
1,628,093.
5,309,670.
999,390.
6,374,949.
312,566.
40,343.
6,334,606.
130,225.
2,573,020.
1,041,031.
400,017.
641,014.
48,069.
592,945.
1,053,202.
815,012.
813,878.
831,135.
534,135.
-266446
98,796,853.
61.57%
2.95%
11.53%
2.46%
4.85%
2.73%
38.43%
.98
38.92%
.77
29.37%
4.6%
29.15%
47.48%
78.67%
61.79%
58.76%
4.9%
.63%
6.74%
119.15%
12.91%
21.33%

2.Commitments & contingencies to total equity (E2/A) (times)


21.32
3.Total deposit to total equity (B3/A) (times)
2.23
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times) -.5
67

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
5,169,257.
5,274,418.
6,047,337.
5,971,021.
3,877,033.
3,667,876.
3,724,146.
4,115,584.
0.0
0.0
0.0
0.0
1,292,224.
1,606,542.
2,323,191.
1,855,437.
-34
-321
-11538
-9557
10,013,789. 12,160,786. 16,205,772. 22,987,100.
217,050.
2,640,728.
238,907.
297,362.
1,063,547.
443,891.
1,523,062.
317,883.
6,005,209.
6,065,947. 11,118,869. 18,354,233.
2,727,983.
3,010,220.
3,324,934.
4,017,622.
15,183,012. 17,434,883. 22,241,571. 28,948,564.
4,764,709.
4,722,669.
4,590,065.
5,630,489.
128,632.
37,134.
38,505.
2,058,913.
5,350,170.
6,223,146.
7,640,386.
7,414,392.
490,909.
2,046,309.
5,587,411.
7,747,304.
3,838,528.
3,665,213.
3,387,183.
4,369,198.
381,517.
3,245,948.
376,923.
357,570.
381,517.
419,265.
400,165.
389,684.
3,457,011.
3,245,948.
2,987,018.
3,979,514.
120,382.
110,230.
199,014.
351,955.
871,199.
1,049,447.
1,199,172.
1,765,997.
1,111,138.
242,280.
868,858.
354,287.
514,571.
1,599,341.
871,160.
863,450.
1,242,752.
805,218.
-1742550
41,259,232.

1,065,750.
324,744.
741,006.
25,263.
715,743.
1,221,476.
653,051.
653,431.
1,284,168.
834,293.

1,679,978.
1,969,771.
556,558.
868,297.
1,123,420.
1,101,474.
21,094. -32447
1,144,514.
1,133,921.
725,355.
588,282.
766,074.
1,171,490.
759,389.
1,170,880.
1,103,795.
550,713.
708,236.
350,827.

2,084,285.
3,503,275.
66,714,952. 101,411,632.

5,812,077.
78,834,402.

78.2%
5.72%
15.58%
5.3%
10.53%
3.39%
21.8%
.69
32.14%
.54

69.53%
4.25%
15.82%
4.79%
7.01%
4.11%
30.47%
.51
28.55%
.53

66.87%
5.05%
11.71%
3.18%
3.26%
5.15%
33.13%
.69
31.85%
1.05

55.92%
3.8%
5.88%
1.21%
2.03%
3.92%
44.08%
2.13
45.8%
1.99

32.23%
3.23%
22.77%
39.55%
65.95%
63.92%
54.3%

27.3%
11.74%
18.62%
34.79%
69.75%
60.42%
56.3%

20.81%
25.12%
13.43%
49.99%
72.86%
30.46%
26.79%

26.56%
26.76%
13.75%
63.4%
79.41%
23.8%
23.4%

9.94%
9.94%
7.38%
92.86%
100.%

88.56%
11.44%
61.54%
6.03%
12.92%

11.13%
11.81%
6.23%
5.27%
106.17%

8.18%
8.92%
5.99%
-8.33%
108.98%

34.05%

30.25%

27.19%

20.63%

7.98
1.16

12.65
1.15

16.77
1.84

13.2
3.07

-2.16

2.5

4.95

16.57

Financial Statement Analysis of Financia

HSBC BANK MIDDLE EAST LIMITED


Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)

2008
4,962,015.
4,339,547.
0.0
622,468.
-5034
43,916,081.
587,298.
4,770,659.
37,005,085.
1,553,039.
48,873,062.
7,577,335.
4,266,775.
7,354,749.
1,941,950.
25,591,220.
223,085.
288,253.
25,302,967.
509,574.
1,919,712.
4,071,742.
2,443,593.
1,628,149.
265,346.
1,362,803.
849,974.
1,952,124.
1,949,088.
260,653.
161,565.
6,500,868.
29,264,954.
39.99%
3.33%
3.26%
.33%
1.74%
2.79%
60.01%
7.48
39.66%
2.29
24.23%
3.97%
51.77%
75.72%
89.86%
69.16%
61.26%
.87%
1.13%
4.5%
92.05%
129.21%
10.15%

2.Commitments & contingencies to total equity (E2/A) (times)


5.9
3.Total deposit to total equity (B3/A) (times)
7.46
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)40.24
68

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
5,511,880.
6,206,372.
7,501,898.
7,644,275.
4,619,535.
5,707,268.
6,515,987.
7,037,870.
0.0
0.0
0.0
0.0
892,345.
499,104.
985,911.
606,405.
-1002
-7349
3,865. -289
46,223,063. 50,739,967. 51,849,969. 42,684,107.
989,256.
1,341,130.
1,023,903.
670,778.
3,073,493.
1,255,575.
2,686,405.
694,363.
40,796,993. 46,460,640. 46,171,420. 38,956,795.
1,363,321.
1,682,622.
1,968,241.
2,362,171.
51,733,941. 56,938,990. 59,355,732. 50,328,093.
8,411,801.
9,954,810. 10,925,914. 11,394,218.
4,035,306.
297,338.
341,149.
711,950.
8,698,829. 16,076,728.
3,868,938.
4,966,709.
5,431,713.
6,512,700. 22,119,633. 13,433,740.
23,701,592. 22,727,260. 21,215,325. 18,454,437.
500,638.
762,869.
1,023,475.
1,441,219.
453,161.
484,827.
421,799.
868,260.
23,248,431. 22,242,433. 20,793,526. 17,586,177.
410,901.
266,120.
186,288.
132,396.
1,496,960.
1,588,861.
1,120,284.
2,102,903.
4,703,682.
5,005,567.
2,732,216. -2713791
1,971,466.
2,291,776.
471,333.
363,563.
1,500,133.
1,928,213.
1,021,563.
1,005,725.
2,200,197.
2,176,393.
2,200,186.
2,171,268.
321,499.
757,545.
261,885.
491,592.

5,849,015.
4,555,975.
2,932,772.
2,326,385.
2,916,243.
2,229,590.
102,962.
525,527.
2,813,281.
1,704,063.
1,140,661.
917,525.
2,443,031.
3,109,212.
2,442,861.
3,109,165.
1,510,911. -487624
971,262. -396257

3,889,177. -1289280
34,619,778. 58,032,008.

16,303,670. -8355184
53,617,196. 39,915,060.

41.91%
3.81%
4.75%
.51%
1.97%
2.9%
58.09%
6.84
38.43%
2.15

45.78%
13.56%
7.92%
.86%
1.77%
3.39%
-54.22%
2.87
36.21%
2.16

49.86%
4.91%
12.95%
1.64%
1.92%
4.74%
50.14%
1.62
34.95%
2.14

48.94%
4.43%
-5.18%
-.79%
1.82%
3.39%
51.06%
-6.38
56.8%
3.39

24.06%
10.5%
44.94%
78.86%
89.35%
58.1%
54.03%

18.01%
11.44%
39.06%
81.6%
89.11%
48.92%
47.63%

18.98%
37.27%
35.03%
77.79%
87.35%
45.95%
43.42%

24.05%
26.69%
34.94%
77.41%
84.81%
47.37%
46.54%

2.11%
1.91%
9.08%
104.01%
90.52%

3.36%
2.13%
12.29%
74.99%
63.55%

4.82%
1.99%
13.64%
24.41%
41.21%

7.81%
4.7%
18.85%
60.53%
60.24%

10.65%

10.9%

12.64%

15.19%

6.28
7.4

9.35
7.49

7.15
6.15

5.22
5.1

14.85

-2.62

16.79

21.09

Financial Statement Analysis of Financia

HSBC BANK OMAN S.A.O.G.


Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)

2008
2,712,141.
3,008,999.
0.0
-296858
0.0
729,806.
4,036.
186,406.
521,574.
17,790.
3,441,947.
3,088,841.
38,910.
0.0
0.0
315,802.
83,218.
38,713.
277,089.
15,071.
22,036.
40,426.
50,080.
-9654
21,729.
12,075.
9,549.
62,888.
57,280.
-41264
-41264
21,302,169.
729,519.
-23.88%
-.28%
-1.52%
-1.2%
.28%
.35%
123.88%
-1.39
125.84%
6.
90.87%
0.0
8.05%
15.15%
21.2%
60.55%
44.61%
26.35%
12.26%
3.07%
56.13%
46.52%
78.8%

2.Commitments & contingencies to total equity (E2/A) (times)


.27
3.Total deposit to total equity (B3/A) (times)
.19
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)
-516.24
69

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
2,847,576.
3,000,780.
3,132,302.
3,103,582.
3,203,140.
3,393,743.
3,594,610.
3,882,512.
0.0
0.0
0.0
0.0
-355564
-392963
-462308
-778930
0.0
0.0
0.0
0.0
1,097,875.
1,200,251.
1,270,263.
1,040,788.
7,577.
5,493.
11,523.
5,266.
382,008.
321,910.
510,729.
440,000.
690,196.
847,792.
721,474.
570,705.
18,094.
25,056.
26,537.
24,817.
3,945,451.
4,201,031.
4,402,565.
4,144,370.
3,328,022.
3,363,076.
3,679,994.
3,985,841.
52,781.
62,870.
61,674.
39,379.
150,000.
110,000.
30,000.
0.0
0.0
0.0
0.0
0.0
425,108.
493,328.
587,062.
305,050.
36,416.
48,503.
49,740.
224,468.
37,885.
15,716.
15,716.
224,468.
387,223.
477,612.
571,346.
80,582.
10,461.
22,983.
30,670.
31,027.
16,964.
164,490.
28,881.
7,541.
56,707.
65,106.
75,896.
75,569.
78,041.
90,575.
-18862
-12935
-14679
828.
22,169.
0.0
-18034
9,234. -14679
17,597.
12,582.
14,611.
58,269.
59,215.
69,277.
55,148.
59,134.
69,172.
-58706
-37399
-69345
-58706
-37399
-69345

48,954.
98,030.
-49076
208,752.
-257828
19,679.
78,473.
78,471.
-316622
-316622

59,369.
450,421.

17,017.
1,013,597.

130,395.
1,402,122.

4,992.
77,571.

-33.26%
-.48%
-2.06%
-1.49%
.45%
-.46%
133.26%
-.94
78.42%
3.13

-19.87%
-.31%
-1.25%
-.89%
.3%
.22%
119.87%
-1.58
76.22%
4.7

-19.34%
-.33%
-2.21%
-1.58%
.33%
-.33%
119.34%
-1.
76.54%
4.73

-100.25%
-1.18%
-10.2%
-7.64%
.47%
-6.22%
200.25%
-.25
114.34%
3.99

85.69%
0.0
9.81%
17.49%
27.83%
61.59%
39.65%

81.55%
0.0
11.37%
20.18%
28.57%
58.19%
42.18%

84.99%
0.0
12.98%
16.39%
28.85%
81.37%
47.64%

97.13%
0.0
1.94%
13.77%
25.11%
53.45%
30.18%

8.57%
8.91%
1.28%
2.19%
104.03%

9.83%
3.19%
1.62%
141.06%
32.4%

8.47%
2.68%
1.59%
0.0
31.6%

73.58%
73.58%
7.23%
93.%
100.%

72.17%

71.43%

71.15%

74.89%

.16
.24

.34
.28

.45
.23

.02
.18

-1.01

-.46

-1.88

-.02

Financial Statement Analysis of Financia

INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED


Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)

2008
-

2.Commitments & contingencies to total equity (E2/A) (times)


3.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10)- (times)
70

2012

inancial Statement Analysis of Financial Sector

2009
-

2010
-

(Thousand Rupees)
2011
2012
3,008,554.
3,142,265.
3,192,892.
3,506,910.
0.0
0.0
-184338
-364645
1,758.
6,436.
2,942,052. 18,898,915.
22,397.
738.
0.0 12,221,381.
1,524,071.
4,167,644.
1,395,584.
2,509,152.
5,952,364. 22,047,616.
3,279,813.
4,063,541.
64,398.
1,336,371.
782,528.
1,554,395.
1,484,124. 13,596,093.
26,243.
56,596.
0.0
0.0
0.0
0.0
26,243.
56,596.
294,316.
316,663.
20,942.
1,123,957.

56,241.
771,801.
46,347.
682,804.
9,894.
88,997.
0.0
9,894.
88,997.
594.
141,495.
194,826.
410,799.
194,826.
410,799.
-184338
-180307
-184338
-180307

2,718,782. 14,680,059.
1,081,945. 106,530,014.

17.59%
.17%
-6.13%
-3.1%
.01%
.17%
82.41%
-1.06
342.79%
327.99

11.53%
.4%
-5.74%
-.82%
.64%
.4%
88.47%
-2.28
44.98%
2.9

56.18%
24.93%
.44%
25.6%
49.43%
1.72%
1.72%

24.49%
61.67%
.26%
18.9%
85.72%
1.36%
.35%

0.0
0.0
0.0

0.0
0.0
0.0

50.54%

14.25%

.36
.51

33.9
1.33

-14.75

-81.42

Financial Statement Analysis of Financia

THE BANK OF TOKYO-MITSUBISHI-UFJ, LIMITED


Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)

2008
3,957,242.
3,878,698.
0.0
78,544.
0.0
6,106,000.
12,559.
4,258,351.
1,715,912.
119,178.
10,063,242.
4,072,080.
36,983.
1,597,697.
0.0
4,092,787.
0.0
0.0
4,092,787.
19,422.
244,273.
538,145.
391,186.
146,959.
0.0
146,959.
80,485.
103,346.
97,011.
124,098.
78,396.
202,342.
4,958,383.
27.31%
1.46%
1.98%
.78%
.8%
1.46%
72.69%
.78
16.71%
1.21
40.83%
0.0
40.67%
17.05%
60.68%
238.52%
68.51%
0.0
0.0
0.0

39.32%

2.Commitments & contingencies to total equity (E2/A) (times)


1.25
3.Total deposit to total equity (B3/A) (times)
.43
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times) 2.58
71

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2011
2012
5,155,321.
5,064,270.
5,122,691.
4,986,139.
0.0
0.0
32,630.
78,131.
0.0
0.0
3,240,864.
3,207,778.
86,567.
3,626.
1,075,726.
708,495.
1,991,569.
2,402,290.
87,002.
93,367.
8,396,185.
8,272,048.
5,283,777.
5,194,721.
123,553.
108,570.
654,928.
1,253,832.
0.0
0.0
2,214,722.
1,619,237.
0.0
0.0
0.0
0.0
2,214,722.
1,619,237.
28,937.
29,598.
90,268.
66,090.

2009
2010
4,087,588.
4,700,427.
4,041,323.
4,652,493.
0.0
0.0
46,265.
47,934.
0.0
0.0
4,458,128.
4,343,431.
216,907.
9,419.
1,397,725.
1,868,489.
2,740,049.
2,349,722.
103,447.
115,801.
8,545,716.
9,043,858.
4,237,350.
4,840,033.
91,075.
88,400.
1,905,551.
1,013,607.
0.0
0.0
2,198,843.
2,980,932.
0.0
113,339.
0.0
0.0
2,198,843.
2,980,932.
27,336.
30,055.
85,561.
90,831.
516,130.
385,251.
130,879.
0.0
130,879.
180,185.
114,573.
112,088.
65,612.
45,928.

509,987.
406,928.
103,059.
0.0
103,059.
184,717.
114,543.
113,080.
70,174.
47,600.

569,784.
468,924.
100,860.
0.0
100,860.
103,131.
141,791.
140,422.
62,200.
33,790.

363,279.
295,278.
68,001.
0.0
68,001.
156,729.
154,193.
152,604.
70,537.
45,501.

151,296.
3,781,342.

46,074.
2,780,898.

65,752.
3,244,830.

42,734.
1,905,826.

25.36%
1.53%
1.12%
.54%
2.11%
1.53%
74.64%
1.71
16.45%
.62

20.21%
1.14%
1.01%
.53%
2.04%
1.14%
79.79%
1.61
16.49%
.61

17.7%
1.2%
.66%
.4%
1.23%
1.2%
82.3%
2.26
21.07%
1.36

18.72%
.82%
.9%
.55%
1.89%
.82%
81.28%
2.16
29.65%
.97

50.65%
0.0
25.73%
32.06%
52.17%
80.25%
53.14%

54.49%
0.0
32.96%
25.98%
48.03%
126.86%
70.67%

64.4%
0.0
26.38%
23.72%
38.6%
111.2%
72.2%

64.11%
0.0
19.57%
29.04%
38.78%
67.4%
52.05%

0.0
0.0
0.0

3.8%
0.0
2.41%

0.0
0.0
0.0

0.0
0.0
0.0

47.83%

0.0
51.97%

61.4%

61.22%

.93
.67

.59
.5

.63
.39

.38
.47

3.29

.97

1.95

.94

Financial Statemen

D
P

EVELOPMENT INANCE
F NSTITUTIONS
ERFORMANCE AT A

The balance sheet size of DFIs increased during 2012.


0.9 percent over the last year. The profit before taxation decreased by 25.8 perce
taxation by 34.0 percent during the year.
A
S

NALYSIS OF B
ALANCE SHEET

hareholders equity

decreased from Rs 58.9

billion in CY11 to Rs 58.4 billion in CY12


witnessing a decline of Rs 0.5 billion or 0.9
percent over CY11. Total liabilities shrunk by
Rs. 9.6 billion during CY12, similarly, total
assets decreased from Rs 130.5 billion in CY11
to Rs 121.6 billion in CY12.

A
NALYSIS OF L
IABILITIES
Looking at the liabilities side, borrowings from financial institutions decreased from
CY11 to Rs. 43.7 billion in CY12. The analysis revealed that decrease in liabilities
Major Components of Liabilities
60.
50.
40.
30.
20.
Billion Rs.
10.
-20.%
0.0 Borrowings Deposits
CY 11
54.6
CY 12
43.7
Growth
-20.%

due to borrowings from financial institutions. The other component was the
contributed 23.1 percent of total liabilities during CY12. Total deposits of DFIs sto
billion witnessing an increase of Rs. 1.2 billion in CY12 over CY11.

Financial Statement Analysis of Financial Sector

(DFI )

LANCE

Shareholders equ

axation decreased by 25.8 percent and profit after

OMPONENTS

decreased from Rs 58.9

Components of Balance Sheets


140.
120.
100.
80.
60.
Billion Rs.
20.
0.0

-1.%

40.

Total SHE

CY 11
CY 12
Growth

58.9
58.4
-1.%

ancial institutions decreased from Rs 54.6 billion in


evealed that decrease in liabilities has mainly been
Share of Borrowings in Total Liabilities
15.%
9.%
5.%
0.0
-5.%
-10.%
-15.%
-20.%
Others
12.9
14.2
9.%

100.%

5.%
18.%

50.%

77.%

10.%
0.0
Growth

-25.%

0.0

3.4
3.5
0.0

CY 11
Borrowings

The other component was the deposits which


CY12. Total deposits of DFIs stood at Rs. 14.2
CY12 over CY11.
72

2012

ity registered a reduction of

-7.%

Total
Liabilities
70.9
61.3
-14.%

-14.%
Total Assets
130.5
121.6
-7.%

al Liabilities
6.%
23.%

71.%

CY 12
Deposits

Others

0.0
-2.%
-4.%
-6.%
-8.%
-10.% Growth
-12.%
-14.%
-16.%

Financial Statemen

NALYSIS OF A
SSETS

In CY12, total assets stood at Rs


121.6 billion decreased by 6.9
percent when compared to previous
year. The analysis of components of
total assets revealed that investment

90.
80.
70.
60.
50.
40.
Billion Rs.
20.
10.
0.0

activities of DFIs and lending to


financial

institutions decreased CY 11
CY 12
Growth

during CY12. The amount of lending


to financial institutions decreased
from Rs 2.9 billion in CY11 to Rs 1.7 billion in CY12 recording a decrease of arou
over CY11.
On the other hand, advances of DFIs
increased by 2.2 percent over CY11,
its share in total assets also increased
from 35.2 percent in CY11 to 38.6
percent in CY12. NPLs increased
from Rs 8.3 billion in CY11 to Rs

50.
40.
30.
Billion Rs.

10.5 billion in CY12 depicting an


increase of 27.2 percent in NPLs.
NPLs to gross advances ratio

10.
0
CY 11
CY 12
Growth

increased from 18.0 percent in CY11


to 22.4 percent in CY12.
P
ROFITABILITY
DFI
OF
S
In terms of profitability, CY12 witnessed decreases both in profits before and afte
before taxation decreased from Rs. 3.0 billion in CY11 to Rs. 2.2 billion in CY12 s
of 25.8 percent.

73

2012

Financial Statement Analysis of Financial Sector

Major components of assets


7.%
2.%
-8.%

30.

10.%
0.0
-10.%
-20.%
-30.% Growth
-40.%

-41.%
Cash &
Cash

-50.%
Lending

Equivalent
3.4
3.6
7.%

Investmen
t

2.9
1.7
-41.%

Advances

76.7
70.4
-8.%

45.9
46.9
2.%

Y12 recording a decrease of around 41.4 percent

Major Components of Advances

2,700.%

2,600.%

20.
200.%

-3% -5%

Adv. Gross NPL


Provision
Adv. Net
45.9
8.3
7.6
38.3
46.9
10.5
9.6
37.3
200.%
2,700.%
2,600.%
-300.%

es both in profits before and after taxation. Profit


CY11 to Rs. 2.2 billion in CY12 showing a decrease

3,000.%
2,500.%
2,000.%
1,500.%
1,000.%
500.%
0.0%

Growth

Financial Statemen

50.%

43.8%
41.%

40.%
30.%
20.%
10.%

1.6%

1.1%

.7%

0.0
Spread Ratio ROE

ROA

Return on assets (ROA) declined from 0.7 percent in CY11 to 0.5 percent in CY1
on equity (ROE) decreased from 1.6 percent in CY11 to 1.1 percent in CY12. Spr
decreased by 6.2 percent in CY12 over CY11. Breakup value of DFIs decreased
share in CY11 to Rs 14.82 per share in CY12.

74

Financial Statement Analysis of Financial Sector

2012

3.

CY 11
CY 12

3.
2.5
2.
1.5
Billions Rs.
1.
.5
.5%
0.0

2.2
1.0 0.6

CY 12

Profit Before Profit After


Taxation
Taxation

nt in CY11 to 0.5 percent in CY12, similarly, return


CY11 to 1.1 percent in CY12. Spread ratio of DFIs
reakup value of DFIs decreased from Rs 14.96 per

74

CY 11

Financial Statement Analysis of Financia

DFIs - Overall
2008
Items
A.Total equity (A1 to A3)
46,902,253.
1.Share capital
39,748,980.
2.Reserves
11,124,218.
-3970945
3.Un appropriated profit
-656553
4.Others
B.Total liabilities (B1 to B4)
38,833,942.
1.Bills payable
0.0
2.Borrowings from financial institutions
30,937,172.
3.Deposits and other accounts
5,880,621.
4.Other/misc. liabilities
2,016,149.
C.Total assets (C1 to C4 + C8 to C10)
85,079,642.
1.Cash and balances with treasury banks
650,959.
2.Balances with other banks
10,252,671.
3.Lending to financial institutions
8,056,730.
4.Investments
36,071,855.
5.Gross advances
27,407,033.
6.Advances-non-performing/classified
4,816,698.
7.Provisions against advances
3,698,407.
8.Advances net of provisions (C5-C7)
23,708,626.
9.Fixed assets
2,690,082.
10.Other/misc. assets
3,648,719.
D.Profit & loss account
1.Markup/interest earned
8,483,284.
2.markup/interest expensed
4,855,654.
3.Net markup/interest income
3,627,630.
4.Provisions and write-offs
6,171,391.
-1804158
5.Net markup/interest income after provisions
6.Non-markup/interest income
7,621,120.
7.Non-markup/interest expenses
3,308,278.
8.Administrative expenses
1,196,516.
9.Profit/(loss) before taxation
1,694,081.
10.Profit/(loss) after taxation
1,195,447.
E.Other items
1.No. of ordinary shares (000)
3,375,138.
2.Cash dividend
N/A
3.Stock dividend/bonus shares
N/A
4.Cash generated from operating activities
5,682,965.
5.Commitments and contigencies
13,761,913.
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
42.76%
2.Net markup/interest margin (D1-D2)/C
4.26%
3.Return on equity (ROE) (D10/A)
2.55%
4.Return on assets (ROA) (D10/C)
1.41%
5.Non-markup/interest income to total assets (D6/C)
8.96%
6.Net markup/interest income(after provisions) to total assets(D5/C)
-2.12%
7.Markup/interest expenses to markup/interest income (D2/D1)
57.24%
8.Admin. expenses to profit before tax. (D8/D9) (times)
.71
9.Non-markup/interest expenses to total income D7/(D1+D6)
.21
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
.16
11.Earning per share (D10/E1)
.35
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
12.82%
2.Investment to total assets (C4/C)
42.4%
3.Advances net of provisions to total assets (C8/C)
27.87%
4.Deposits to total assets (B3/C)
6.91%
5.Total liabilities to total assets (B/C)
45.64%
6.Gross advances to deposits (C5/B3)
466.06%
7.Gross advances to borrowing & deposits C5/(B2+B3)
74.44%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
17.57%
2.Provision against NPLs to gross advances (C7/C5)
13.49%
3.NPLs to total equity (C6/A)
10.27%

4.NPLs write off to NPLs provisions (D4/C7)


166.87%
5.Provision against NPL to NPLs (C7/C6)
76.78%
I.Capital /leverage ratios
1.Capital ratio (A/C)
55.13%
2.Commitments & contingencies to total equity (E5/A) (times)
.29
3.Break up value per share (A/E1)
13.9
4.Total deposits to total equity (B3/A) (times)
.13
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times) 4.75
75

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
48,920,410. 55,379,067. 58,948,556. 58,402,277.
40,748,980. 42,748,980. 45,408,180. 45,408,180.
6,764,011.
6,764,483.
6,703,489.
5,753,413.
1,407,419.
5,865,604.
6,836,887.
7,240,684.
5,409,974.
3,644,111.
652,903.
1,808,410.
59,424,672. 60,024,391. 70,945,188. 61,348,191.
0.0
0.0
0.0
0.0
38,774,252. 39,953,645. 54,574,307. 43,741,281.
18,073,599. 17,059,825. 12,932,378. 14,154,064.
2,576,821.
3,010,921.
3,438,503.
3,452,846.
113,755,056. 119,047,569. 130,546,647. 121,558,878.
1,665,533.
1,680,678.
2,283,859.
1,854,180.
6,545,275.
2,888,128.
1,075,003.
1,747,696.
10,576,282.
7,718,006.
2,904,651.
1,702,073.
58,551,142. 60,243,944. 76,683,192. 70,420,052.
35,183,101. 44,215,053. 45,907,661. 46,919,302.
6,695,174.
6,903,217.
8,269,274. 10,521,098.
5,753,542.
6,653,026.
7,596,199.
9,582,748.
29,429,559. 37,562,027. 38,311,462. 37,336,554.
2,790,590.
3,126,353.
2,999,119.
3,316,718.
4,196,675.
5,828,433.
6,289,361.
5,181,605.
10,429,986.
5,768,136.
4,661,850.
2,660,700.
1,489,660.
1,458,885.
1,417,421.
1,363,810.
1,531,026.
2,147,069.

11,726,433.
6,694,582.
5,031,851.
987,572.
4,143,390.
2,086,005.
1,976,521.
1,916,080.
4,230,979.
2,718,940.

12,716,418.
7,152,710.
5,563,708.
977,362.
3,791,544.
2,450,918.
3,250,598.
2,039,623.
2,991,863.
972,305.

12,622,294.
7,440,993.
5,181,301.
3,914,429.
1,266,872.
3,814,916.
2,668,883.
2,112,699.
2,221,092.
641,770.

3,475,138.
3,675,138.
3,941,058.
3,941,058.
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
9,897,449. -1328783
4,887,501.
3,610,361.
15,386,918. 18,321,532. 34,232,419. 14,613,432.
44.7%
4.1%
4.39%
1.89%
1.28%
1.31%
55.3%
.89
.12
.93
.62

42.91%
4.23%
4.91%
2.28%
1.75%
3.48%
57.09%
.45
.14
.92
.74

43.75%
4.26%
1.65%
.74%
1.88%
2.9%
56.25%
.68
.21
.83
.25

41.05%
4.26%
1.1%
.53%
3.14%
1.04%
58.95%
.95
.16
.55
.16

7.22%
51.47%
25.87%
15.89%
52.24%
194.67%
61.89%

3.84%
50.6%
31.55%
14.33%
50.42%
259.18%
77.55%

2.57%
58.74%
29.35%
9.91%
54.34%
354.98%
68.%

2.96%
57.93%
30.71%
11.64%
50.47%
331.49%
81.04%

19.03%
16.35%
13.69%

15.61%
15.05%
12.47%

18.01%
16.55%
14.03%

22.42%
20.42%
18.01%

46.24%
85.94%

14.84%
96.38%

12.87%
91.86%

40.85%
91.08%

43.01%
.31
14.08
.37

46.52%
.33
15.07
.31

45.16%
.58
14.96
.22

48.04%
.25
14.82
.24

4.61

-.49

5.03

5.63

Financial Statement Analysis of Financia

PAIR INVESTMENT CO. LTD.


2008
Items
A.Total equity (A1 to A3)
5,446,253.
1.Share capital
5,000,000.
2.Reserves
89,250.
3.Un appropriated profit
357,003.
-123267
4.Others
B.Total liabilities (B1 to B4)
492,480.
1.Bills payable
0.0
2.Borrowings from financial institutions
459,657.
3.Deposits and other accounts
0.0
4.Other/misc. liabilities
32,823.
C.Total assets (C1 to C4 + C8 to C10)
5,815,466.
1.Cash and balances with treasury banks
506,887.
2.Balances with other banks
1,816,376.
3.Lending to financial institutions
611,000.
4.Investments
2,440,498.
5.Gross advances
402,318.
6.Advances-non-performing/classified
75,000.
7.Provisions against advances
37,500.
8.Advances net of provisions (C5-C7)
364,818.
9.Fixed assets
21,478.
10.Other/misc. assets
54,409.
D.Profit & loss account
1.Markup/interest earned
527,054.
2.markup/interest expensed
31,898.
3.Net markup/interest income
495,156.
-37500
4.Provisions and write-offs
5.Net markup/interest income after provisions
457,656.
6.Non-markup/interest income
94,762.
7.Non-markup/interest expenses
82,513.
8.Administrative expenses
73,115.
9.Profit/(loss) before taxation
469,905.
10.Profit/(loss) after taxation
318,146.
E.Other items
1.No. of ordinary shares (000)
500,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
378,383.
5.Commitments and contigencies
486,955.
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
93.95%
2.Net markup/interest margin (D1-D2)/C
8.51%
3.Return on equity (ROE) (D10/A)
5.84%
4.Return on assets (ROA) (D10/C)
5.47%
5.Non-markup/interest income to total assets (D6/C)
1.63%
6.Net markup/interest income(after provisions) to total assets(D5/C)
7.87%
7.Markup/interest expenses to markup/interest income (D2/D1)
6.05%
8.Admin. expenses to profit before tax. (D8/D9) (times)
.16
9.Non-markup/interest expenses to total income D7/(D1+D6)
.13
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
.77
11.Earning per share (D10/E1)
.64
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
39.95%
2.Investment to total assets (C4/C)
41.97%
3.Advances net of provisions to total assets (C8/C)
6.27%
4.Deposits to total assets (B3/C)
0.0
5.Total liabilities to total assets (B/C)
8.47%
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposits C5/(B2+B3)
87.53%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
18.64%
2.Provision against NPLs to gross advances (C7/C5)
9.32%
3.NPLs to total equity (C6/A)
1.38%

4.NPLs write off to NPLs provisions (D4/C7)


-100.%
5.Provision against NPL to NPLs (C7/C6)
50.%
I.Capital /leverage ratios
1.Capital ratio (A/C)
93.65%
2.Commitments & contingencies to total equity (E5/A) (times)
.09
3.Break up value per share (A/E1)
10.89
4.Total deposits to total equity (B3/A) (times)
0.0
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times) 1.19
76

2012

inancial Statement Analysis of Financial Sector


(Thousand Rupees)
2009
2010
2011
5,817,670.
7,396,027.
7,638,576.
5,000,000.
6,000,000.
6,000,000.
163,533.
279,204.
327,714.
654,137.
1,116,823.
1,310,862.
475,848.
38,418.
92,121.
1,991,936.
3,036,164.
4,114,422.
0.0
0.0
0.0
1,857,327.
2,863,481.
3,695,484.
0.0
0.0
260,000.
134,609.
172,683.
158,938.
8,285,454. 10,470,609. 11,845,119.
2,633.
10,552.
9,143.
1,309,451.
352,808.
20,675.
446,250.
600,000.
0.0
5,326,675.
7,160,982.
8,974,337.
1,174,878.
2,178,571.
2,592,810.
443,011.
75,141.
393,141.
229,491.
75,141.
117,654.
945,387.
2,103,430.
2,475,156.
26,071.
44,762.
48,060.
228,987.
198,075.
317,748.
809,863.
124,744.
685,119.
-255745
429,374.
163,699.
110,083.
97,529.
482,990.
371,417.

2012
8,028,600.
6,000,000.
415,719.
1,612,881.
170,767.
7,537,154.
0.0
6,721,178.
545,080.
270,896.
15,736,521.
43,999.
106,586.
0.0
10,841,572.
4,530,491.
741,447.
205,154.
4,325,337.
56,047.
362,980.

1,030,191.
1,323,067.
193,494.
402,712.
836,697.
920,355.
79,955. -324136
916,652.
596,219.
171,171.
58,340.
209,239.
167,757.
191,647.
150,135.
878,584.
486,802.
578,357.
242,549.

1,487,341.
678,102.
809,239.
106,953.
702,286.
172,091.
239,010.
224,405.
635,367.
440,024.

500,000.
0.0
0.0
1,287,294.
2,284,428.

600,000.
0.0
0.0
448,811.
3,095,251.

600,000.
0.0
0.0
1,708,563.
3,679,976.

600,000.
0.0
0.0
1,966,241.
8,074,015.

84.6%
8.27%
6.38%
4.48%
1.98%
5.18%
15.4%
.2
.11
.6
.74

81.22%
7.99%
7.82%
5.52%
1.63%
8.75%
18.78%
.22
.17
1.12
.96

69.56%
7.77%
3.18%
2.05%
.49%
5.03%
30.44%
.31
.12
2.57
.4

54.41%
5.14%
5.48%
2.8%
1.09%
4.46%
45.59%
.35
.14
1.3
.73

15.84%
64.29%
11.41%
0.0
24.04%

3.47%
68.39%
20.09%
0.0
29.%

.25%
75.76%
20.9%
2.19%
34.74%

63.26%

76.08%

65.55%

.96%
68.89%
27.49%
3.46%
47.9%
831.16%
62.35%

37.71%
19.53%
7.61%

3.45%
3.45%
1.02%

15.16%
4.54%
5.15%

16.37%
4.53%
9.24%

997.23%

-111.44%
51.8%

106.41%
100.%

-275.5%
29.93%

52.13%
27.67%

70.22%
.39
11.64
0.0

70.64%
.42
12.33
0.0

64.49%
.48
12.73
.03

51.02%
1.01
13.38
.07

3.47

.78

7.04

4.47

Financial Statement Analysis of Financia

PAK BRUNEI INVESTMENT COMPANY LIMITED


2008
Items
A.Total equity (A1 to A3)
5,363,009.
1.Share capital
5,000,000.
2.Reserves
72,602.
3.Un appropriated profit
290,407.
-81849
4.Others
B.Total liabilities (B1 to B4)
247,733.
1.Bills payable
0.0
2.Borrowings from financial institutions
186,154.
3.Deposits and other accounts
0.0
4.Other/misc. liabilities
61,579.
C.Total assets (C1 to C4 + C8 to C10)
5,528,893.
1.Cash and balances with treasury banks
4,267.
2.Balances with other banks
14,870.
3.Lending to financial institutions
1,519,299.
4.Investments
2,687,585.
5.Gross advances
1,062,744.
6.Advances-non-performing/classified
0.0
7.Provisions against advances
0.0
8.Advances net of provisions (C5-C7)
1,062,744.
9.Fixed assets
44,334.
10.Other/misc. assets
195,794.
D.Profit & loss account
1.Markup/interest earned
672,254.
2.markup/interest expensed
131,801.
3.Net markup/interest income
540,453.
4.Provisions and write-offs
108,921.
5.Net markup/interest income after provisions
431,532.
6.Non-markup/interest income
85,608.
7.Non-markup/interest expenses
143,675.
8.Administrative expenses
118,675.
9.Profit/(loss) before taxation
373,465.
10.Profit/(loss) after taxation
222,266.
E.Other items
1.No. of ordinary shares (000)
500,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-1218859
4.Cash generated from operating activities
5.Commitments and contigencies
448,894.
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
80.39%
2.Net markup/interest margin (D1-D2)/C
9.78%
3.Return on equity (ROE) (D10/A)
4.14%
4.Return on assets (ROA) (D10/C)
4.02%
5.Non-markup/interest income to total assets (D6/C)
1.55%
6.Net markup/interest income(after provisions) to total assets(D5/C)
7.81%
7.Markup/interest expenses to markup/interest income (D2/D1)
19.61%
8.Admin. expenses to profit before tax. (D8/D9) (times)
.32
9.Non-markup/interest expenses to total income D7/(D1+D6)
.19
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
1.39
11.Earning per share (D10/E1)
.44
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
.35%
2.Investment to total assets (C4/C)
48.61%
3.Advances net of provisions to total assets (C8/C)
19.22%
4.Deposits to total assets (B3/C)
0.0
5.Total liabilities to total assets (B/C)
4.48%
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposits C5/(B2+B3)
570.9%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
0.0
2.Provision against NPLs to gross advances (C7/C5)
0.0
3.NPLs to total equity (C6/A)
0.0

4.NPLs write off to NPLs provisions (D4/C7)


5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
97.%
2.Commitments & contingencies to total equity (E5/A) (times)
.08
3.Break up value per share (A/E1)
10.73
4.Total deposits to total equity (B3/A) (times)
0.0
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)-5.48
77

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
5,810,462.
7,391,552.
7,996,016.
8,578,415.
5,000,000.
6,000,000.
6,000,000.
6,000,000.
162,093.
278,311.
399,204.
555,884.
648,369.
1,113,241.
1,596,812.
2,022,531.
-68113
495,517. -48993
1,118.
5,825,000.
7,026,052. 24,617,113.
5,466,904.
0.0
0.0
0.0
0.0
5,296,808.
5,943,385. 23,359,531.
2,417,139.
395,000.
844,000.
979,018.
2,824,924.
133,192.
238,667.
278,564.
224,841.
12,130,979. 14,368,611. 32,545,016. 14,046,437.
23,869.
30,803.
174,790.
54,763.
191,915.
129,969.
562,085.
317,222.
1,507,910.
1,222,727.
627,841.
0.0
8,415,996.
9,868,363. 25,742,364.
7,100,816.
1,757,624.
2,475,172.
4,667,373.
5,782,035.
0.0
6,736.
2,992.
2,638.
25,131.
7,529.
20,712.
2,638.
1,732,493.
2,467,643.
4,646,661.
5,779,397.
37,614.
21,013.
34,067.
60,329.
221,182.
628,093.
757,208.
733,910.

971,221.
207,450.
763,771.
192,918.
570,853.
254,064.
157,743.
132,343.
667,174.
447,453.

1,698,132.
777,987.
920,145.
81,344.
838,801.
211,963.
169,106.
165,145.
881,658.
581,090.

2,397,223.
2,930,250.
1,469,277.
2,044,815.
927,946.
885,435.
86,874. -4019
841,072.
889,454.
283,965.
429,092.
204,908.
216,918.
204,669.
212,181.
920,129.
1,080,944.
604,464.
782,399.

500,000.
0.0
0.0
5,487,232.
1,141,106.

600,000.
0.0
0.0
1,076,382.
6,331,452.

600,000.
600,000.
0.0
0.0
0.0
0.0
9,066,170. -11776654
21,546,987.
868,306.

78.64%
6.3%
7.7%
3.69%
2.09%
4.71%
21.36%
.2
.13
.52
.89

54.19%
6.4%
7.86%
4.04%
1.48%
5.84%
45.81%
.19
.09
.78
.97

38.71%
2.85%
7.56%
1.86%
.87%
2.58%
61.29%
.22
.08
.72
1.01

30.22%
6.3%
9.12%
5.57%
3.05%
6.33%
69.78%
.2
.06
.49
1.3

1.78%
69.38%
14.28%
3.26%
48.02%
444.97%
30.88%

1.12%
68.68%
17.17%
5.87%
48.9%
293.27%
36.47%

2.26%
79.1%
14.28%
3.01%
75.64%
476.74%
19.18%

2.65%
50.55%
41.14%
20.11%
38.92%
204.68%
110.3%

0.0
1.43%
0.0

.27%
.3%
.09%

.06%
.44%
.04%

.05%
.05%
.03%

767.65%

1,080.41%
111.77%

419.44%
692.25%

-152.35%
100.%

47.9%
.2
11.62
.07

51.44%
.86
12.32
.11

24.57%
2.69
13.33
.12

61.07%
.1
14.3
.33

12.26

1.85

15.

-15.05

Financial Statement Analysis of Financia

PAK CHINA INVESTMENT CO. LTD.


2008
Items
A.Total equity (A1 to A3)
6,811,647.
1.Share capital
6,457,200.
2.Reserves
70,889.
3.Un appropriated profit
283,558.
-625
4.Others
B.Total liabilities (B1 to B4)
757,178.
1.Bills payable
0.0
2.Borrowings from financial institutions
726,754.
3.Deposits and other accounts
0.0
4.Other/misc. liabilities
30,424.
C.Total assets (C1 to C4 + C8 to C10)
7,568,200.
1.Cash and balances with treasury banks
6,670.
2.Balances with other banks
3,772,069.
3.Lending to financial institutions
255,482.
4.Investments
1,430,241.
5.Gross advances
1,938,595.
6.Advances-non-performing/classified
0.0
7.Provisions against advances
0.0
8.Advances net of provisions (C5-C7)
1,938,595.
9.Fixed assets
28,115.
10.Other/misc. assets
137,028.
D.Profit & loss account
1.Markup/interest earned
530,032.
2.markup/interest expensed
6,215.
3.Net markup/interest income
523,817.
4.Provisions and write-offs
50,000.
5.Net markup/interest income after provisions
473,817.
6.Non-markup/interest income
17,395.
7.Non-markup/interest expenses
165,585.
8.Administrative expenses
71,067.
9.Profit/(loss) before taxation
325,627.
10.Profit/(loss) after taxation
211,658.
E.Other items
1.No. of ordinary shares (000)
645,720.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-15893
4.Cash generated from operating activities
5.Commitments and contigencies
1,078,614.
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
98.83%
2.Net markup/interest margin (D1-D2)/C
6.92%
3.Return on equity (ROE) (D10/A)
3.11%
4.Return on assets (ROA) (D10/C)
2.8%
5.Non-markup/interest income to total assets (D6/C)
.23%
6.Net markup/interest income(after provisions) to total assets(D5/C)
6.26%
7.Markup/interest expenses to markup/interest income (D2/D1)
1.17%
8.Admin. expenses to profit before tax. (D8/D9) (times)
.22
9.Non-markup/interest expenses to total income D7/(D1+D6)
.3
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
4.09
11.Earning per share (D10/E1)
.33
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
49.93%
2.Investment to total assets (C4/C)
18.9%
3.Advances net of provisions to total assets (C8/C)
25.62%
4.Deposits to total assets (B3/C)
0.0
5.Total liabilities to total assets (B/C)
10.%
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposits C5/(B2+B3)
266.75%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
0.0
2.Provision against NPLs to gross advances (C7/C5)
0.0
3.NPLs to total equity (C6/A)
0.0

4.NPLs write off to NPLs provisions (D4/C7)


5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
90.%
2.Commitments & contingencies to total equity (E5/A) (times)
.16
3.Break up value per share (A/E1)
10.55
4.Total deposits to total equity (B3/A) (times)
0.0
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times) -.08
78

2012

inancial Statement Analysis of Financial Sector


(Thousand Rupees)
2009
2010
2011
7,325,189.
7,885,555. 11,058,455.
6,457,200.
6,457,200.
9,116,400.
173,598.
285,671.
388,411.
694,391.
1,142,684.
1,553,644.
2,526,213.
2,591,648.
766.
1,089,244.
1,156,757.
119,094.
0.0
0.0
0.0
975,685.
1,132,259.
106,874.
0.0
0.0
0.0
113,559.
24,498.
12,220.
10,940,646. 11,633,960. 11,178,315.
1,363,660.
1,399,836.
1,491,717.
9,148.
8,736.
23,227.
1,245,029.
1,264,140.
583,954.
3,158,326.
3,099,787.
4,077,544.
4,927,264.
5,557,525.
4,901,692.
0.0
0.0
377,756.
247,273.
248,632.
464,032.
4,679,991.
5,308,893.
4,437,660.
187,828.
180,566.
176,177.
296,664.
372,002.
388,036.
1,050,697.
36,435.
1,014,262.
197,273.
816,989.
138,830.
165,756.
165,706.
790,065.
513,542.

2012
11,058,455.
9,116,400.
388,411.
1,553,644.
766.
119,094.
0.0
106,874.
0.0
12,220.
11,178,315.
1,491,717.
23,227.
583,954.
4,077,544.
4,901,692.
377,756.
464,032.
4,437,660.
176,177.
388,036.

1,252,143.
283,899.
968,244.
41,361.
866,084.
176,223.
180,206.
180,205.
862,102.
560,366.

1,312,686.
47,666.
1,265,020.
175,398.
943,092.
133,437.
208,924.
208,403.
867,605.
513,700.

1,312,686.
47,666.
1,265,020.
175,398.
1,089,622.
133,437.
208,924.
208,403.
867,605.
513,700.

645,720.
645,720.
0.0
0.0
0.0
0.0
-3029800
-81735
1,753,996.
865,132.

911,640.
0.0
0.0
1,169,605.
231,127.

911,640.
0.0
0.0
1,169,605.
231,127.

96.53%
9.27%
7.01%
4.69%
1.27%
7.47%
3.47%
.21
.14
1.19
.8

77.33%
8.32%
7.11%
4.82%
1.51%
7.44%
22.67%
.21
.13
1.02
.87

96.37%
11.32%
4.65%
4.6%
1.19%
8.44%
3.63%
.24
.14
1.56
.56

96.37%
11.32%
4.65%
4.6%
1.19%
9.75%
3.63%
.24
.14
1.56
.56

12.55%
28.87%
42.78%
0.0
9.96%

12.11%
26.64%
45.63%
0.0
9.94%

13.55%
36.48%
39.7%
0.0
1.07%

13.55%
36.48%
39.7%
0.0
1.07%

505.01%

490.84%

4,586.42%

4,586.42%

0.0
5.02%
0.0

0.0
4.47%
0.0

7.71%
9.47%
3.42%

7.71%
9.47%
3.42%

79.78%

16.64%

37.8%
-

122.84%

37.8%
122.84%

66.95%
.24
11.34
0.0

67.78%
.11
12.21
0.0

98.93%
.02
12.13
0.0

98.93%
.02
12.13
0.0

-5.9

-.15

2.28

2.28

Financial Statement Analysis of Financia

PAK KUWAIT INVESTMENT CO. (PVT) LTD.


2008
Items
A.Total equity (A1 to A3)
8,368,527.
1.Share capital
6,000,000.
2.Reserves
6,447,712.
-4079185
3.Un appropriated profit
-58946
4.Others
B.Total liabilities (B1 to B4)
7,158,931.
1.Bills payable
0.0
2.Borrowings from financial institutions
6,370,782.
3.Deposits and other accounts
37,500.
4.Other/misc. liabilities
750,649.
C.Total assets (C1 to C4 + C8 to C10)
15,468,512.
1.Cash and balances with treasury banks
17,179.
2.Balances with other banks
2,759,358.
3.Lending to financial institutions
500,000.
4.Investments
8,436,921.
5.Gross advances
4,269,116.
6.Advances-non-performing/classified
1,278,058.
7.Provisions against advances
910,181.
8.Advances net of provisions (C5-C7)
3,358,935.
9.Fixed assets
107,138.
10.Other/misc. assets
288,981.
D.Profit & loss account
1.Markup/interest earned
1,158,545.
2.markup/interest expensed
551,191.
3.Net markup/interest income
607,354.
4.Provisions and write-offs
4,647,386.
-4040032
5.Net markup/interest income after provisions
6.Non-markup/interest income
253,814.
7.Non-markup/interest expenses
286,252.
8.Administrative expenses
286,202.
-4072470
9.Profit/(loss) before taxation
-4102069
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
240.
2.Cash dividend
.08%
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
2,454,422.
5.Commitments and contigencies
1,337,586.
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
52.42%
2.Net markup/interest margin (D1-D2)/C
3.93%
3.Return on equity (ROE) (D10/A)
-49.02%
4.Return on assets (ROA) (D10/C)
-26.52%
5.Non-markup/interest income to total assets (D6/C)
1.64%
6.Net markup/interest income(after provisions) to total assets(D5/C)
-26.12%
7.Markup/interest expenses to markup/interest income (D2/D1)
47.58%
8.Admin. expenses to profit before tax. (D8/D9) (times)
-.07
9.Non-markup/interest expenses to total income D7/(D1+D6)
.2
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
1.13
11.Earning per share (D10/E1)
-17,091.95
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
17.95%
2.Investment to total assets (C4/C)
54.54%
3.Advances net of provisions to total assets (C8/C)
21.71%
4.Deposits to total assets (B3/C)
.24%
5.Total liabilities to total assets (B/C)
46.28%
6.Gross advances to deposits (C5/B3)
11,384.31%
7.Gross advances to borrowing & deposits C5/(B2+B3)
66.62%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
29.94%
2.Provision against NPLs to gross advances (C7/C5)
21.32%
3.NPLs to total equity (C6/A)
15.27%

4.NPLs write off to NPLs provisions (D4/C7)


510.6%
5.Provision against NPL to NPLs (C7/C6)
71.22%
I.Capital /leverage ratios
1.Capital ratio (A/C)
54.1%
2.Commitments & contingencies to total equity (E5/A) (times)
.16
3.Break up value per share (A/E1)
34,868.86
4.Total deposits to total equity (B3/A) (times)
0.0
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times) -.6
79

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
8,884,894. 11,502,905. 12,503,432. 13,784,349.
6,000,000.
6,000,000.
6,000,000.
6,000,000.
2,884,894.
2,992,287.
3,114,865.
3,285,976.
0.0
2,510,618.
3,388,567.
4,498,373.
175,691.
239,868.
84,687.
564,597.
15,145,252. 13,280,158. 11,342,439. 16,456,102.
0.0
0.0
0.0
0.0
10,377,872.
9,807,369.
9,161,654. 14,839,975.
4,075,951.
3,138,512.
1,726,601.
1,015,429.
691,429.
334,277.
454,184.
600,698.
24,205,837. 25,022,931. 23,930,558. 30,805,048.
92,512.
51,424.
442,766.
32,650.
1,797,223.
1,409,688.
24,653.
712,976.
800,000.
250,000.
0.0
0.0
17,091,939. 17,521,580. 15,966,871. 24,203,303.
5,003,098.
6,389,805.
8,131,825.
6,879,143.
1,693,697.
1,648,540.
1,723,232.
1,771,283.
1,395,656.
1,420,615.
1,577,790.
1,636,742.
3,607,442.
4,969,190.
6,554,035.
5,242,401.
111,266.
260,736.
282,125.
252,233.
705,455.
560,313.
660,108.
361,485.
1,797,555.
2,111,019.
1,189,263.
1,452,508.
608,292.
658,511.
716,319. -37100
-108027
695,611.
1,015,405.
1,030,674.
314,729.
412,408.
314,526.
411,259.
592,649.
1,321,877.
516,367.
968,732.

2,204,036.
1,445,302.
758,734.
208,083.
550,651.
1,638,323.
462,723.
462,723.
1,726,251.
1,360,527.

2,364,815.
1,605,660.
759,155.
98,378.
660,777.
1,882,698.
485,692.
439,516.
2,057,783.
1,640,917.

240.
240.
240.
0.0
0.0
0.0
0.0
0.0
0.0
-3341852
7,482,073. -2336821
534,532.
193,141.
1,150,452.

240.
0.0
0.0
6,809,220.
470,926.

33.84%
2.51%
5.81%
2.13%
4.19%
-.45%
66.16%
.53
.11
.31
2,151.53

31.19%
2.63%
8.42%
3.87%
4.12%
2.78%
68.81%
.31
.13
.4
4,036.38

34.42%
3.17%
10.88%
5.69%
6.85%
2.3%
65.58%
.27
.12
.28
5,668.86

32.1%
2.46%
11.9%
5.33%
6.11%
2.15%
67.9%
.21
.11
.23
6,837.15

7.81%
70.61%
14.9%
16.84%
62.57%
122.75%
34.61%

5.84%
70.02%
19.86%
12.54%
53.07%
203.59%
49.36%

1.95%
66.72%
27.39%
7.22%
47.4%
470.97%
74.68%

2.42%
78.57%
17.02%
3.3%
53.42%
677.46%
43.39%

33.85%
27.9%
19.06%

25.8%
22.23%
14.33%

21.19%
19.4%
13.78%

25.75%
23.79%
12.85%

51.32%
82.4%

-2.61%
86.17%

13.19%
91.56%

6.01%
92.4%

36.71%
.06
37,020.39
.46

45.97%
.02
47,928.77
.27

52.25%
.09
52,097.63
.14

44.75%
.03
57,434.79
.07

14.49

-2.41

-2.46

4.15

Financial Statement Analysis of Financia

PAK LIBYA HOLDING COMPANY LIMITED


2008
Items
A.Total equity (A1 to A3)
7,253,062.
1.Share capital
6,141,780.
2.Reserves
1,020,589.
3.Un appropriated profit
90,693.
-1600269
4.Others
B.Total liabilities (B1 to B4)
6,519,558.
1.Bills payable
0.0
2.Borrowings from financial institutions
4,858,821.
3.Deposits and other accounts
1,400,000.
4.Other/misc. liabilities
260,737.
C.Total assets (C1 to C4 + C8 to C10)
12,172,351.
1.Cash and balances with treasury banks
42,624.
2.Balances with other banks
78,821.
3.Lending to financial institutions
698,769.
4.Investments
5,477,558.
5.Gross advances
5,483,847.
6.Advances-non-performing/classified
529,012.
7.Provisions against advances
545,064.
8.Advances net of provisions (C5-C7)
4,938,783.
9.Fixed assets
52,281.
10.Other/misc. assets
883,515.
D.Profit & loss account
1.Markup/interest earned
1,610,370.
2.markup/interest expensed
1,105,089.
3.Net markup/interest income
505,281.
4.Provisions and write-offs
505,969.
-688
5.Net markup/interest income after provisions
6.Non-markup/interest income
281,258.
7.Non-markup/interest expenses
218,224.
8.Administrative expenses
207,605.
9.Profit/(loss) before taxation
62,346.
10.Profit/(loss) after taxation
112,380.
E.Other items
1.No. of ordinary shares (000)
614,178.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-1787539
4.Cash generated from operating activities
5.Commitments and contigencies
2,592,189.
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
31.38%
2.Net markup/interest margin (D1-D2)/C
4.15%
3.Return on equity (ROE) (D10/A)
1.55%
4.Return on assets (ROA) (D10/C)
.92%
5.Non-markup/interest income to total assets (D6/C)
2.31%
6.Net markup/interest income(after provisions) to total assets(D5/C)
-.01%
7.Markup/interest expenses to markup/interest income (D2/D1)
68.62%
8.Admin. expenses to profit before tax. (D8/D9) (times)
3.33
9.Non-markup/interest expenses to total income D7/(D1+D6)
.12
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
.74
11.Earning per share (D10/E1)
.18
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
1.%
2.Investment to total assets (C4/C)
45.%
3.Advances net of provisions to total assets (C8/C)
40.57%
4.Deposits to total assets (B3/C)
11.5%
5.Total liabilities to total assets (B/C)
53.56%
6.Gross advances to deposits (C5/B3)
391.7%
7.Gross advances to borrowing & deposits C5/(B2+B3)
87.62%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
9.65%
2.Provision against NPLs to gross advances (C7/C5)
9.94%
3.NPLs to total equity (C6/A)
7.29%

4.NPLs write off to NPLs provisions (D4/C7)


92.83%
5.Provision against NPL to NPLs (C7/C6)
103.03%
I.Capital /leverage ratios
1.Capital ratio (A/C)
59.59%
2.Commitments & contingencies to total equity (E5/A) (times)
.36
3.Break up value per share (A/E1)
11.81
4.Total deposits to total equity (B3/A) (times)
.19
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)-15.91
80

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
6,524,955.
6,650,877.
6,586,986.
3,158,142.
6,141,780.
6,141,780.
6,141,780.
6,141,780.
444,589.
474,801.
474,801.
0.0
-61414
-2983638
34,296. -29595
-207905
-191250
-229759
-8351
10,099,231.
9,915,845.
8,526,649. 10,315,816.
0.0
0.0
0.0
0.0
3,210,806.
4,983,790.
4,537,471.
5,880,572.
6,404,711.
4,657,690.
3,652,844.
4,088,500.
483,714.
274,365.
336,334.
346,744.
16,416,281. 16,375,472. 14,883,876. 13,465,607.
64,312.
76,513.
42,643.
63,387.
108,980.
36,324.
41,177.
38,636.
1,646,286.
1,482,414.
200,000.
0.0
6,379,873.
6,286,676.
6,187,323.
7,706,331.
8,285,178.
8,430,312.
8,003,538.
7,558,084.
1,012,965.
1,122,912.
1,566,090.
3,307,968.
944,570.
1,019,531.
964,425.
2,717,073.
7,340,608.
7,410,781.
7,039,113.
4,841,011.
82,960.
96,089.
68,568.
97,946.
793,262.
986,675.
1,305,052.
718,296.
1,611,086.
1,145,347.
465,739.
508,620.
-42881
-484130
226,215.
222,880.
-753226
-728107

1,675,251.
1,728,763.
1,229,133.
1,125,259.
1,100,691.
983,847.
549,992.
628,072.
245,286.
341,721.
185,091.
2,983,602.
208,271.
442,981. -2738316
214,661.
46,188.
119,940.
287,562.
373,618.
666,467.
281,965.
341,014.
281,437.
105,473.
115,551. -3317699
-3428844
131,626. -63891

614,178.
614,178.
0.0
0.0
0.0
0.0
-572247
-88345
2,267,235.
1,620,644.

614,178.
0.0
0.0
726,795.
1,446,275.

614,178.
0.0
0.0
2,480,282.
1,995,651.

28.91%
2.84%
-11.16%
-4.44%
-2.95%
-.26%
71.09%
-.3
.2
-.46
-1.19

32.83%
3.36%
1.98%
.8%
1.31%
1.27%
67.17%
2.67
.15
1.31
.21

36.33%
4.22%
-.97%
-.43%
.31%
2.98%
63.67%
2.95
.21
7.38
-.1

19.96%
1.82%
-108.57%
-25.46%
.89%
-20.34%
80.04%
-.08
.49
2.35
-5.58

1.06%
38.86%
44.72%
39.01%
61.52%
129.36%
86.16%

.69%
38.39%
45.26%
28.44%
60.55%
181.%
87.44%

.56%
41.57%
47.29%
24.54%
57.29%
219.1%
97.72%

.76%
57.23%
35.95%
30.36%
76.61%
184.86%
75.82%

12.23%
11.4%
15.52%

13.32%
12.09%
16.88%

19.57%
12.05%
23.78%

43.77%
35.95%
104.74%

53.85%
93.25%

33.52%
90.79%

19.19%
61.58%

109.81%
82.14%

39.75%
.35
10.62
.98

40.61%
.24
10.83
.7

44.26%
.22
10.72
.55

23.45%
.63
5.14
1.29

.79

-.67

-11.38

-.72

Financial Statement Analysis of Financia

PAK OMAN INVESTMENT COMPANY LIMITED


2008
Items
A.Total equity (A1 to A3)
7,172,413.
1.Share capital
6,150,000.
2.Reserves
1,017,251.
3.Un appropriated profit
5,162.
-899590
4.Others
B.Total liabilities (B1 to B4)
11,119,791.
1.Bills payable
2.Borrowings from financial institutions
7,491,561.
3.Deposits and other accounts
3,023,121.
4.Other/misc. liabilities
605,109.
C.Total assets (C1 to C4 + C8 to C10)
17,392,614.
1.Cash and balances with treasury banks
48,548.
2.Balances with other banks
508,560.
3.Lending to financial institutions
3,137,180.
4.Investments
6,996,478.
5.Gross advances
6,074,145.
6.Advances-non-performing/classified
333,971.
7.Provisions against advances
333,971.
8.Advances net of provisions (C5-C7)
5,740,174.
9.Fixed assets
67,109.
10.Other/misc. assets
894,565.
D.Profit & loss account
1.Markup/interest earned
2,038,155.
2.markup/interest expensed
1,318,404.
3.Net markup/interest income
719,751.
4.Provisions and write-offs
253,496.
5.Net markup/interest income after provisions
466,255.
-62050
6.Non-markup/interest income
7.Non-markup/interest expenses
277,645.
8.Administrative expenses
255,846.
9.Profit/(loss) before taxation
126,560.
10.Profit/(loss) after taxation
6,453.
E.Other items
1.No. of ordinary shares (000)
615,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
363,978.
5.Commitments and contigencies
1,440,147.
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
35.31%
2.Net markup/interest margin (D1-D2)/C
4.14%
3.Return on equity (ROE) (D10/A)
.09%
4.Return on assets (ROA) (D10/C)
.04%
5.Non-markup/interest income to total assets (D6/C)
-.36%
6.Net markup/interest income(after provisions) to total assets(D5/C)
2.68%
7.Markup/interest expenses to markup/interest income (D2/D1)
64.69%
8.Admin. expenses to profit before tax. (D8/D9) (times)
2.02
9.Non-markup/interest expenses to total income D7/(D1+D6)
.14
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
-4.12
11.Earning per share (D10/E1)
.01
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
3.2%
2.Investment to total assets (C4/C)
40.23%
3.Advances net of provisions to total assets (C8/C)
33.%
4.Deposits to total assets (B3/C)
17.38%
5.Total liabilities to total assets (B/C)
63.93%
6.Gross advances to deposits (C5/B3)
200.92%
7.Gross advances to borrowing & deposits C5/(B2+B3)
57.77%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
5.5%
2.Provision against NPLs to gross advances (C7/C5)
5.5%
3.NPLs to total equity (C6/A)
4.66%

4.NPLs write off to NPLs provisions (D4/C7)


75.9%
5.Provision against NPL to NPLs (C7/C6)
100.%
I.Capital /leverage ratios
1.Capital ratio (A/C)
41.24%
2.Commitments & contingencies to total equity (E5/A) (times)
.2
3.Break up value per share (A/E1)
11.66
4.Total deposits to total equity (B3/A) (times)
.42
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times) 56.4
81

2012

inancial Statement Analysis of Financial Sector

2009
6,564,920.
6,150,000.
414,920.
-142019
14,141,838.
0.0
8,895,096.
4,562,089.
684,653.
20,564,739.
73,968.
590,362.
2,846,936.
10,775,046.
6,440,129.
926,015.
926,015.
5,514,114.
62,538.
701,775.

(Thousand Rupees)
2010
2011
2012
6,793,844.
6,931,824.
7,173,742.
6,150,000.
6,150,000.
6,150,000.
492,568.
485,312.
570,983.
0.0
151,276.
296,512.
452,759.
-31697
-56048
38,511.
12,430,977. 11,963,268. 11,406,124.
0.0
0.0
0.0
6,145,349.
6,648,716.
6,546,367.
5,561,165.
4,695,693.
4,351,000.
724,463.
618,859.
508,757.
19,193,124. 18,839,044. 18,618,377.
70,420.
66,679.
101,974.
664,169.
209,531.
159,980.
2,467,467.
1,321,745.
833,119.
9,129,453. 10,632,874. 10,296,148.
7,052,670.
6,739,785.
7,280,873.
1,221,006.
1,199,078.
1,182,906.
1,107,629.
974,224.
933,814.
5,945,041.
5,765,561.
6,347,059.
74,901.
68,276.
61,298.
841,673.
774,378.
818,799.

2,319,194.
1,636,815.
682,379.
729,674.
-47295
-359896
246,628.
234,559.
-653819
607,493.

2,231,471.
2,270,702.
1,462,002.
1,513,542.
769,469.
757,160.
267,739. -73119
501,730.
830,279.
297,510.
153,800.
343,788.
360,868.
326,855.
335,648.
455,452.
623,211.
332,799.
357,521.

2,051,174.
1,304,300.
746,874.
163,795.
583,079.
431,879.
386,488.
371,542.
628,470.
446,586.

615,000.
0.0
0.0
52,313.
1,134,953.

615,000.
615,000.
0.0
0.0
0.0
0.0
1,800,538. -2462635
625,687.
2,833,372.

615,000.
0.0
0.0
2,501,049.
1,550,074.

29.42%
3.32%
9.25%
2.95%
-1.75%
-.23%
70.58%
-.36
.13
-.65
.99

34.48%
4.01%
4.9%
1.73%
1.55%
2.61%
65.52%
.72
.14
1.1
.54

33.34%
4.02%
5.16%
1.9%
.82%
4.41%
66.66%
.54
.15
2.18
.58

36.41%
4.01%
6.23%
2.4%
2.32%
3.13%
63.59%
.59
.16
.86
.73

3.23%
52.4%
26.81%
22.18%
68.77%
141.17%
47.86%

3.83%
47.57%
30.97%
28.97%
64.77%
126.82%
60.25%

1.47%
56.44%
30.6%
24.93%
63.5%
143.53%
59.41%

1.41%
55.3%
34.09%
23.37%
61.26%
167.34%
66.81%

14.38%
14.38%
14.11%

17.31%
15.71%
17.97%

17.79%
14.45%
17.3%

16.25%
12.83%
16.49%

0.0

78.8%
100.%

24.17%
90.71%

-7.51%
81.25%

17.54%
78.94%

31.92%
.17
10.67
.69

35.4%
.09
11.05
.82

36.79%
.41
11.27
.68

38.53%
.22
11.66
.61

.09

5.41

-6.89

5.6

Financial Statement Analysis of Financia

SAUDI PAK INDUSTRIAL & AGRI. INV CO. (PVT) LTD.


2008
Items
A.Total equity (A1 to A3)
6,487,342.
1.Share capital
5,000,000.
2.Reserves
2,405,925.
-918583
3.Un appropriated profit
4.Others
2,107,993.
B.Total liabilities (B1 to B4)
12,538,271.
1.Bills payable
0.0
2.Borrowings from financial institutions
10,843,443.
3.Deposits and other accounts
1,420,000.
4.Other/misc. liabilities
274,828.
C.Total assets (C1 to C4 + C8 to C10)
21,133,606.
1.Cash and balances with treasury banks
24,784.
2.Balances with other banks
1,302,617.
3.Lending to financial institutions
1,335,000.
4.Investments
8,602,574.
5.Gross advances
8,176,268.
6.Advances-non-performing/classified
2,600,657.
7.Provisions against advances
1,871,691.
8.Advances net of provisions (C5-C7)
6,304,577.
9.Fixed assets
2,369,627.
10.Other/misc. assets
1,194,427.
D.Profit & loss account
1.Markup/interest earned
1,946,874.
2.markup/interest expensed
1,711,056.
3.Net markup/interest income
235,818.
4.Provisions and write-offs
643,119.
5.Net markup/interest income after provisions
407,302.
6.Non-markup/interest income
6,950,333.
7.Non-markup/interest expenses
2,134,384.
8.Administrative expenses
184,006.
9.Profit/(loss) before taxation
4,408,648.
10.Profit/(loss) after taxation
4,426,613.
E.Other items
1.No. of ordinary shares (000)
500,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
5,508,473.
5.Commitments and contigencies
6,377,528.
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
12.11%
2.Net markup/interest margin (D1-D2)/C
1.12%
3.Return on equity (ROE) (D10/A)
68.23%
4.Return on assets (ROA) (D10/C)
20.95%
5.Non-markup/interest income to total assets (D6/C)
32.89%
6.Net markup/interest income(after provisions) to total assets(D5/C)
1.93%
7.Markup/interest expenses to markup/interest income (D2/D1)
87.89%
8.Admin. expenses to profit before tax. (D8/D9) (times)
.04
9.Non-markup/interest expenses to total income D7/(D1+D6)
.24
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
.03
11.Earning per share (D10/E1)
8.85
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
6.28%
2.Investment to total assets (C4/C)
40.71%
3.Advances net of provisions to total assets (C8/C)
29.83%
4.Deposits to total assets (B3/C)
6.72%
5.Total liabilities to total assets (B/C)
59.33%
6.Gross advances to deposits (C5/B3)
575.79%
7.Gross advances to borrowing & deposits C5/(B2+B3)
66.67%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
31.81%
2.Provision against NPLs to gross advances (C7/C5)
22.89%
3.NPLs to total equity (C6/A)
40.09%

4.NPLs write off to NPLs provisions (D4/C7)


34.36%
5.Provision against NPL to NPLs (C7/C6)
71.97%
I.Capital /leverage ratios
1.Capital ratio (A/C)
30.7%
2.Commitments & contingencies to total equity (E5/A) (times)
.98
3.Break up value per share (A/E1)
12.97
4.Total deposits to total equity (B3/A) (times)
.22
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times) 1.24
82

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
7,992,320.
7,758,307.
6,233,267.
6,620,574.
6,000,000.
6,000,000.
6,000,000.
6,000,000.
2,520,384.
1,961,641.
1,513,182.
536,440.
-528064
-203334
-1279915
84,134.
2,086,629.
1,046,117.
829,249.
1,041,002.
11,132,171. 13,178,438. 10,262,203. 10,046,997.
0.0
0.0
0.0
0.0
8,160,658.
9,078,012.
7,064,577.
7,229,176.
2,635,848.
2,858,458.
1,618,222.
1,329,131.
335,665.
1,241,968.
1,579,404.
1,488,690.
21,211,120. 21,982,862. 17,324,719. 17,708,573.
44,579.
41,130.
56,121.
65,690.
2,538,196.
286,434.
193,655.
389,069.
2,083,871.
431,258.
171,111.
285,000.
7,403,287.
7,177,103.
5,101,879.
6,194,338.
7,594,930. 12,130,998. 10,870,638.
9,986,984.
2,619,486.
2,828,882.
3,006,985.
3,137,100.
1,985,406.
2,773,949.
3,477,362.
3,623,295.
5,609,524.
9,357,049.
7,393,276.
6,363,689.
2,282,313.
2,448,286.
2,321,846.
2,612,688.
1,249,350.
2,241,602.
2,086,831.
1,798,099.
1,870,370.
1,728,226.
1,479,941.
1,428,082.
1,399,433.
1,173,520.
442,288.
328,793.
306,421.
571,641.
212,552.
719,171.
-129353
116,241. -412750
730,913. -16197
136,865.
196,267.
374,212.
1,471,800.
196,267.
359,004.
337,031.
-1747686
405,193. -274167
-2042565
418,904. -434030

1,246,895.
776,603.
470,292.
390,322.
79,970.
645,779.
465,384.
375,215.
268,622.
246,988.

600,000.
600,000.
600,000.
0.0
0.0
0.0
0.0
0.0
0.0
-809416
-2147613
-1979145
6,270,668.
5,590,225.
3,344,230.

600,000.
0.0
0.0
460,618.
1,423,333.

23.65%
2.09%
5.24%
1.97%
3.45%
-.61%
76.35%
.48
.08
.27
.7

19.02%
1.5%
-5.59%
-1.97%
-.07%
.53%
80.98%
-1.31
.22
-22.16
-.72

20.7%
1.77%
-32.77%
-11.79%
.79%
-2.38%
79.3%
-.19
.91
2.46
-3.4

37.72%
2.66%
3.73%
1.39%
3.65%
.45%
62.28%
1.4
.25
.58
.41

12.18%
34.9%
26.45%
12.43%
52.48%
288.14%
70.35%

1.49%
32.65%
42.57%
13.%
59.95%
424.39%
101.63%

1.44%
29.45%
42.67%
9.34%
59.23%
671.76%
125.2%

2.57%
34.98%
35.94%
7.51%
56.74%
751.39%
116.69%

34.49%
26.14%
32.78%

23.32%
22.87%
36.46%

27.66%
31.99%
48.24%

31.41%
36.28%
47.38%

28.79%
75.79%

7.66%
98.06%

20.68%
115.64%

10.77%
115.5%

37.68%
.78
13.32
.33

35.29%
.72
12.93
.37

35.98%
.54
10.39
.26

37.39%
.21
11.03
.2

-1.93

4.95

.97

1.86

L
P

EASING OMPANIES
C
ERFORMANCE AT A LANCE
G

Outlook of leasing sector in the country has not been encouraging during FY12. A
by 0.3 percent from Rs 33.8 billion in FY11 to Rs 33.7 billion in FY12. The sector
before taxation of Rs. 27.0 million in FY12 as compared to Rs. 407.2 million in FY
A
E

NALYSIS OF S
HAREHOLDERS

QUITY

The shareholders

equity of leasing sector

decreased by 9.0 percent in FY12 from Rs


4.9 billion in FY11 to Rs 4.5 billion in
FY12. Increase was however, noted in
reserves, which increased by 9.7 percent in
FY12, from Rs 2.1 billion in FY11 to Rs 2.3

billion in FY12.
A
NALYSIS OF L
IABILITIES
Total liabilities slightly increased from Rs.
28.6 billion in FY11 to Rs. 28.9 billion in
FY12 showing an increase of 1.1 percent.
Long term liabilities comprises borrowings
from financial and other institutions (BFI),
deposit on finance lease (DFL) and other
miscellaneous liabilities (MISC). The
contribution of BFI, DFL and MISC was
21.3 percent, 28.2 percent and 50.6 percent

respectively of non-current liabilities for the


year FY12. BFI decreased from Rs 3.4 billion in FY11 to Rs 2.8 billion in FY12. S
decreased from Rs 4.7 billion in FY11 to Rs. 3.7 billion in FY12.

2012

Financial Statement Analysis of Financial Sector

been encouraging during FY12. Asset base decreased


33.7 billion in FY12. The sector showed profit
mpared to Rs. 407.2 million in FY11.
Shareholder's Equity
FY 11

FY 12

Growth%

6.

20.%

asing sector

4.9
4.5 4.4 4.4

5.

9.7%
4.
3.
2.
1.
Billion Rs.
-1.

10.%
0.0

0.0
2.1 2.3
-9.%

-10.%
-20.%
-30.%

0.0
Total
Equity

Share
Capital

Reserves

Un-appr.
profit/loss
-40.6%
-1.6
-2.2

-2.

-40.%

-3.

-50.%

Composition of non-current

liabilities
15.
6.4
10.

6.7

MISC
DFL

3.7
2.8

BFI

4.7
Billion Rs.

5.
3.4

0.0
FY 11

FY11 to Rs 2.8 billion in FY12. Similarly, DFL


billion in FY12.

83

FY 12

Current liabilities increased from Rs 14.2 billion in FY11 to Rs 15.6 billion in FY12

increase of 10.2 percent. The ratios of current liabilities to total liabilities have bee
54.0 percent respectively in FY11 and FY12.
NALYSIS OFASSETS

Total assets of leasing sector were Rs 33.7


billion in FY12 as against Rs 33.8 billion
in FY11, showing a decline of 0.3 percent

20.
18.
16.
14.

over the previous year. Net investment in


finance lease contributed 71.5 percent of
non-current assets in FY12; showing a
decrease of 6.9 percent to reach Rs 12.5
billion in FY12 from Rs 13.4 billion in

12.
10.
8.
Billion Rs.
6.
4.
2.
0.0

FY11. Fixed assets (FA) comprised 10.9


percent of non-current assets and other/miscellaneous assets 17.6 percent
other/miscellaneous assets increased by 7.8 percent & 5.2 percent respectively in
Current assets (CA) were Rs 15.7 billion
in FY11 increased by 3.4 percent to reach
Rs 16.2 billion in FY12. CA constituted
20.

48.2 percent of total assets in FY12 which


were 46.5 percent of total assets in FY11.
Current assets comprised of cash and cash

10.
Billon Rs.

equivalents (CCE) and other/ misc. current

assets (OCA). Cash and balances with


treasury banks and other money market
placements have shown negative growths
of 53.6 percent and 39.3 percent respectively in FY12 over FY11. OCA constitute
CA in FY11 and 88.5 percent of CA in FY12, showing a decline of 0.7 percent in F

84

2012

Financial Statement Analysis of Financial Sector

n FY11 to Rs 15.6 billion in FY12, showing an

abilities to total liabilities have been 49.6 percent and

Non Current Assets


FY 11
18.1 17.4

FY 12

Growth%
10.%
8.%
6.%
5.2%
4.%
2.%
0.0

7.8%
13.4 12.5

-2.%
-3.5% 1.8 1.9

2.9 3.1

-4.%
-6.%
-8.%

-6.9%
NCA

NIFL

FA

MISC

ellaneous assets 17.6 percent in FY12. FA and


cent & 5.2 percent respectively in FY12.
Current Assets

16.2
15.7

FY 11
14.4

0.0

1.9
1.2

14.5

CA
CCA
OCA

FY12 over FY11. OCA constituted 92.2 percent of


owing a decline of 0.7 percent in FY12.

FY 12

ROFITABILITY AND OPERATING EFFICIENCY

The profit and loss account of leasing


sector indicates that prominent source
of revenue generation is income from
finance lease, which was Rs. 2,834
million in FY11, decreased by 2.1
percent to Rs 2,775 million in FY12.

4.
3.5
3.
2.5
2.
1.5

Income from finance lease and


Billion Rs.

1.

operating lease are components of


income from lease (IL). IL showed
decline of 0.9 percent during FY12.
Income
from
investments(II)
increased by 22.0 percent and other
income (OI) by 14.0 percent in FY12
over FY11. Administrative expenses
(AE) at Rs. 922.9 million in FY11
increased to Rs. 941.2 million during
FY12. Profit before taxation was Rs.
27.0 million while it showed losses of
388.6 million in FY12 after taxation.

.5
0.0
-.5
-1.

10.%
8.%
6.%
4.%
2.%
0.0
-2.%
-4.%
-6.%
-8.%
-10.%

Return on equity (ROE), return on


assets (ROA) and return on revenue
(ROR) have been in the negative zone this year except for return on capital emplo
is positive.

85

Financial Statement Analysis of Financial Sector

Profit & Loss Account


FY 11
3.6 3.6

FY 12
-.9%

22.%

Growth%
14.%

2.%

-93.4%
0.8 1.0

0.9 0.9
.4
0.0

0.0 0.0
IL

II

OI

AE

PBT

.3

PAT

Profitability Ratios
6.9%

7.6%

2.1%
.2%
ROE

ROCE

1.%
ROA

ROR
-1.2%

-8.7%

except for return on capital employed (ROCE) which

85

-8.6%

2012

50.%
0.0
-50.%
-100.%

-150.%

-.4

-200.%
-215.3%
-250.%

FY 11

FY 12

Financial Statement Analysis of Financia

Leasing Companies - Overall


2008
Items
A.Total equity (A1 to A3)
7,800,956.
1.Share capital
4,960,666.
2.Reserves
2,499,578.
3.Un appropriated profit/loss
340,712.
-67720
4.Others
B.Total liabilities (B1+ B2)
56,921,926.
1.Non-current liabilities (a + b + c)
36,548,909.
a.Borrowings from financial and other institutions
6,765,089.
b.Deposit on finance lease
16,502,335.
c.Other/misc. liabilities
13,281,485.
2.Current liabilities
20,373,017.
C.Total assets (C1 + C2)
64,655,162.
1.Non-current assets (a + b + c)
36,026,887.
a.Net investment in finance lease
29,923,207.
b.Fixed assets
2,035,740.
c.Other/misc. assets
4,067,940.
2.Current assets (e + f)
28,628,275.
a.Cash and balances with treasury banks
308,100.
b.Placement with other banks
1,169,347.
c.Term deposits certificate
937,871.
d.Other money market placements
947,040.
e.Cash & cash equivalent (a + b + c + d)
3,362,358.
f.Other/misc. current assets
25,265,917.
D.Profit & loss account
1.Income from finance lease
4,895,144.
2.Income from operating lease
904,851.
3.Income from lease (D1 + D2)
5,799,995.
4.Income from investments
319,789.
5.Other income
1,668,240.
6.Total income/revenue (D3 to D5)
7,788,024.
7.Administrative expenses
1,278,443.
8.Profit/(loss) before taxation
477,671.
9.Profit/(loss) after taxation
609,870.
E.Other items
1.No. of ordinary shares (000)
496,045.
2.Cash dividend
N/A
3.Stock dividend
N/A
4.Cash generated from operating activities
1,805,150.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
7.82%
2.Return on capital employed (ROCE) (D8/(C-B2))
1.08%
3.Return on assets (ROA) (D9/C)
.94%
4.Return on revenue (ROR) (D9/D6)
7.83%
5.Lease income to total income (D3/D6)
74.47%
6.Administrative expenses to profit before tax. (D7/D9) (times)
2.1
7.Earning per share (D9/E1)
1.23
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
5.2%
2.Net investment in finance lease to total assets (C1a/C)
46.28%
3.Current assets to current liabilities (C2/B2) (times)
1.41
4.Total liabilities to total assets (B/C) (times)
.88
H.Capital /leverage ratios
1.Capital ratio (A/C)
12.07%
2.Break up value per share (A/E1)
15.73
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times) 2.96
2.Cash generated from operating activities to current liabilities (E4/B2) (times) .09
86

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
6,316,942.
4,320,919.
4,898,134.
4,457,244.
5,282,365.
4,872,408.
4,384,659.
4,384,659.
1,824,047.
1,266,645.
2,098,810.
2,301,846.
-789470
-1818134
-1585335
-2229261
-133118
141,757.
279,435.
309,252.
49,969,350. 32,704,053. 28,579,418. 28,889,445.
31,035,953. 17,121,056. 14,411,488. 13,282,212.
5,647,750.
4,991,653.
3,370,413.
2,824,610.
14,383,597.
6,347,401.
4,680,145.
3,741,743.
11,004,606.
5,782,002.
6,360,930.
6,715,859.
18,933,397. 15,582,997. 14,167,930. 15,607,233.
56,153,174. 37,166,729. 33,756,987. 33,655,941.
28,288,631. 17,744,272. 18,060,998. 17,422,505.
21,949,968. 13,172,435. 13,380,148. 12,451,059.
1,959,972.
1,696,652.
1,758,486.
1,896,381.
4,378,691.
2,875,185.
2,922,364.
3,075,065.
27,864,543. 19,422,457. 15,695,989. 16,233,436.
554,865.
6,751.
487.
226.
709,141.
263,208.
342,472.
502,490.
1,747,606.
1,614,842.
841,296.
1,338,031.
864,832.
543,218.
34,216.
20,776.
3,876,444.
2,428,019.
1,218,471.
1,861,523.
23,988,099. 16,994,438. 14,477,518. 14,371,913.
4,667,649.
2,970,869.
742,010.
759,675.
5,409,659.
3,730,544.
190,161.
109,101.
831,685.
1,208,266.
6,431,505.
5,047,911.
1,343,468.
1,055,725.
-1646659
-656095
-1519073
-578624
528,215.

487,219.

2,834,411.
2,774,579.
754,690.
780,817.
3,589,101.
3,555,396.
17,317.
21,128.
841,342.
959,040.
4,447,760.
4,535,564.
922,895.
941,224.
407,168.
27,030.
337,034. -388552
438,464.

438,464.

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
4,736,396.
2,298,492.
1,238,762.
243,163.
-24.05%
-4.42%
-2.71%
-23.62%
84.11%
-.88
-2.88

-13.39%
-3.04%
-1.56%
-11.46%
73.9%
-1.82
-1.19

6.88%
2.08%
1.%
7.58%
80.69%
2.74
.77

-8.72%
.15%
-1.15%
-8.57%
78.39%
-2.42
-.89

6.9%
39.09%
1.47
.89

6.53%
35.44%
1.25
.88

3.61%
39.64%
1.11
.85

5.53%
37.%
1.04
.86

11.25%
11.96

11.63%
8.87

14.51%
11.17

13.24%
10.17

-3.12
.25

-3.97
.15

3.68
.09

-.63
.02

Financial Statement Analysis of Financia

Capital Assets Leasing Corporation Ltd.


2008
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit/loss
4.Others
B.Total liabilities (B1+ B2)
1.Non-current liabilities (a + b + c)
a.Borrowings from financial and other institutions
b.Deposit on finance lease
c.Other/misc. liabilities
2.Current liabilities
C.Total assets (C1 + C2)
1.Non-current assets (a + b + c)
a.Net investment in finance lease
b.Fixed assets
c.Other/misc. assets
2.Current assets (e + f)
a.Cash and balances with treasury banks
b.Placement with other banks
c.Term deposits certificate
d.Other money market placements
e.Cash & cash equivalent (a + b + c + d)
f.Other/misc. current assets
D.Profit & loss account
1.Income from finance lease
2.Income from operating lease
3.Income from lease (D1 + D2)
4.Income from investments
5.Other income
6.Total income/revenue (D3 to D5)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
4.Return on revenue (ROR) (D9/D6)
5.Lease income to total income (D3/D6)
6.Administrative expenses to profit before tax. (D7/D9) (times)
7.Earning per share (D9/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
2.Net investment in finance lease to total assets (C1a/C)
3.Current assets to current liabilities (C2/B2) (times)
4.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9)-(times)
2.Cash generated from operating activities to current liabilities (E4/B2)
- (times)
87

2012

inancial Statement Analysis of Financial Sector

2009
-

2010
58,030.
107,444.
9,639.
-59053
0.0
22,389.
141.
0.0
141.
0.0
22,248.
80,419.
56,494.
519.
55,449.
526.
23,925.
28.
918.
0.0
18,094.
19,040.
4,885.

(Thousand Rupees)
2011
2012
98,919.
106,787.
107,444.
107,444.
9,639.
17,989.
-18164
-18646
0.0
0.0
12,376.
66,003.
0.0
37,179.
0.0
0.0
0.0
0.0
0.0
37,179.
12,376.
28,824.
111,295.
172,790.
85,088.
149,334.
0.0
0.0
54,928.
117,755.
30,160.
31,579.
26,207.
23,456.
19.
21.
517.
298.
0.0
0.0
10,115.
9,548.
10,651.
9,867.
15,556.
13,589.

2,107.
1,792.
3,899.
0.0
1,486.
5,385.
8,306.
17,817.
36,940.

323.
15,358.
15,681.
0.0
1,012.
16,693.
5,911.
12,175.
41,749.

14.
21,886.
21,900.
0.0
122.
22,022.
6,428.
12,410.
7,868.

10,744.
0.0
0.0
55,503.

10,744.
5.%
0.0
1,845.

10,744.
0.0
0.0
21,934.

63.66%
30.63%
45.93%
685.98%
72.4%
.22
3.44

42.21%
12.31%
37.51%
250.1%
93.94%
.14
3.89

7.37%
8.62%
4.55%
35.73%
99.45%
.82
.73

23.68%
.65%
1.08
.28

9.57%
0.0
2.12
.11

5.71%
0.0
.81
.38

72.16%
5.4

88.88%
9.21

61.8%
9.94

1.5
2.49

.04
.15

2.79
.76

Financial Statement Analysis of Financia

Grays Leasing Ltd.


2008
Items
A.Total equity (A1 to A3)
259,238.
1.Share capital
200,000.
2.Reserves
58,625.
3.Un appropriated profit/loss
613.
4.Others
19,969.
B.Total liabilities (B1+ B2)
1,293,288.
1.Non-current liabilities (a + b + c)
798,343.
a.Borrowings from financial and other institutions
372,353.
b.Deposit on finance lease
369,898.
c.Other/misc. liabilities
56,092.
2.Current liabilities
494,945.
C.Total assets (C1 + C2)
1,572,495.
1.Non-current assets (a + b + c)
881,707.
a.Net investment in finance lease
773,432.
b.Fixed assets
92,123.
c.Other/misc. assets
16,152.
2.Current assets (e + f)
690,788.
a.Cash and balances with treasury banks
21.
b.Placement with other banks
20,793.
c.Term deposits certificate
0.0
d.Other money market placements
641,375.
e.Cash & cash equivalent (a + b + c + d)
662,189.
f.Other/misc. current assets
28,599.
D.Profit & loss account
1.Income from finance lease
129,584.
2.Income from operating lease
8,317.
3.Income from lease (D1 + D2)
137,901.
4.Income from investments
0.0
5.Other income
15,055.
6.Total income/revenue (D3 to D5)
152,956.
7.Administrative expenses
38,556.
-9571
8.Profit/(loss) before taxation
-10283
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
20,000.
2.Cash dividend
0.0
3.Stock dividend
0.0
4.Cash generated from operating activities
171,193.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
-3.97%
2.Return on capital employed (ROCE) (D8/(C-B2))
-.89%
3.Return on assets (ROA) (D9/C)
-.65%
4.Return on revenue (ROR) (D9/D6)
-6.72%
5.Lease income to total income (D3/D6)
90.16%
6.Administrative expenses to profit before tax. (D7/D9) (times)
-3.75
7.Earning per share (D9/E1)
-.51
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
42.11%
2.Net investment in finance lease to total assets (C1a/C)
49.19%
3.Current assets to current liabilities (C2/B2) (times)
1.4
4.Total liabilities to total assets (B/C) (times)
.82
H.Capital /leverage ratios
1.Capital ratio (A/C)
16.49%
2.Break up value per share (A/E1)
12.96
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times)-16.65
2.Cash generated from operating activities to current liabilities (E4/B2) (times) .35
88

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
202,112.
101,581.
75,433.
71,910.
215,000.
215,000.
215,000.
215,000.
58,625.
58,625.
58,625.
58,625.
-71513
-172044
-198192
-201715
18,970.
18,022.
76,108.
97,121.
852,115.
554,619.
310,943.
170,480.
262,733.
43,384.
281,847.
164,033.
96,968.
4,796.
62,378.
12,383.
141,555.
33,888.
219,469.
151,650.
24,210.
4,700.
0.0
0.0
589,382.
511,235.
29,096.
6,447.
1,073,197.
674,222.
462,484.
339,511.
289,847.
144,025.
448,392.
334,129.
189,313.
67,666.
431,552.
332,591.
89,373.
65,676.
16,493.
1,303.
11,161.
10,683.
347.
235.
783,350.
530,197.
14,092.
5,382.
36.
30.
39.
33.
16,199.
14,000.
11,151.
3,578.
0.0
0.0
0.0
0.0
763,478.
512,481.
2,101.
1,228.
779,713.
526,511.
13,291.
4,839.
3,637.
3,686.
801.
543.
91,969.
50,634.
18,842.
14,775.
3,415.
5,425.
988.
107.
95,384.
56,059.
19,830.
14,882.
0.0
0.0
0.0
0.0
10,931.
10,361.
10,780.
11,048.
106,315.
66,420.
30,610.
25,930.
-14579
36,188.
27,767. -20628
-74578
-118232
-42506
-1784
-56520
-101478
-44170
-3523
21,500.
21,500.
21,500.
21,500.
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-24336
-24634
-27623
-4117
-27.96%
-15.41%
-5.27%
-53.16%
89.72%
-.64
-2.63

-99.9%
-72.54%
-15.05%
-152.78%
84.4%
-.27
-4.72

-58.56%
-9.81%
-9.55%
-144.3%
64.78%
.47
-2.05

-4.9%
-.54%
-1.04%
-13.59%
57.39%
4.14
-.16

72.65%
17.64%
1.33
.79

78.09%
10.04%
1.04
.82

2.87%
93.31%
.48
.67

1.43%
97.96%
.83
.5

18.83%
9.4

15.07%
4.72

16.31%
3.51

21.18%
3.34

.43
-.04

.24
-.05

.63
-.95

1.17
-.64

Financial Statement Analysis of Financia

NBP Leasing Ltd.


2008
Items
A.Total equity (A1 to A3)
720,708.
1.Share capital
500,000.
2.Reserves
88,932.
3.Un appropriated profit/loss
131,776.
-97976
4.Others
B.Total liabilities (B1+ B2)
293,173.
1.Non-current liabilities (a + b + c)
67,008.
a.Borrowings from financial and other institutions
0.0
b.Deposit on finance lease
66,017.
c.Other/misc. liabilities
991.
2.Current liabilities
226,165.
C.Total assets (C1 + C2)
915,905.
1.Non-current assets (a + b + c)
353,502.
a.Net investment in finance lease
194,096.
b.Fixed assets
6,498.
c.Other/misc. assets
152,908.
2.Current assets (e + f)
562,403.
a.Cash and balances with treasury banks
1,301.
b.Placement with other banks
2,394.
c.Term deposits certificate
218,315.
d.Other money market placements
0.0
e.Cash & cash equivalent (a + b + c + d)
222,010.
f.Other/misc. current assets
340,393.
D.Profit & loss account
1.Income from finance lease
41,503.
2.Income from operating lease
1,167.
3.Income from lease (D1 + D2)
42,670.
4.Income from investments
52,966.
5.Other income
12,814.
6.Total income/revenue (D3 to D5)
108,450.
7.Administrative expenses
24,802.
8.Profit/(loss) before taxation
853.
9.Profit/(loss) after taxation
10,915.
E.Other items
1.No. of ordinary shares (000)
50,000.
2.Cash dividend
0.0
3.Stock dividend
0.0
4.Cash generated from operating activities
148,975.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
1.51%
2.Return on capital employed (ROCE) (D8/(C-B2))
.12%
3.Return on assets (ROA) (D9/C)
1.19%
4.Return on revenue (ROR) (D9/D6)
10.06%
5.Lease income to total income (D3/D6)
39.35%
6.Administrative expenses to profit before tax. (D7/D9) (times)
2.27
7.Earning per share (D9/E1)
.22
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
24.24%
2.Net investment in finance lease to total assets (C1a/C)
21.19%
3.Current assets to current liabilities (C2/B2) (times)
2.49
4.Total liabilities to total assets (B/C) (times)
.32
H.Capital /leverage ratios
1.Capital ratio (A/C)
78.69%
2.Break up value per share (A/E1)
14.41
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times) 13.65
2.Cash generated from operating activities to current liabilities (E4/B2) (times) .66
89

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
617,815.
648,916.
705,192.
716,171.
500,000.
500,000.
500,000.
500,000.
88,932.
95,152.
106,407.
108,603.
28,883.
53,764.
98,785.
107,568.
-35573
-21891
-17939
-4520
99,621.
110,680.
215,889.
462,160.
40,441.
54,165.
88,612.
293,664.
0.0
0.0
0.0
150,000.
40,441.
52,281.
86,935.
140,958.
0.0
1,884.
1,677.
2,706.
59,180.
56,515.
127,277.
168,496.
681,863.
737,705.
903,142.
1,173,811.
289,984.
373,074.
592,851.
609,093.
109,761.
189,948.
394,831.
598,367.
4,996.
7,612.
9,374.
9,346.
175,227.
175,514.
188,646.
1,380.
391,879.
364,631.
310,291.
564,718.
22.
121.
318.
40.
111,296.
6,065.
7,044.
4,127.
119,934.
121,028.
51,152.
30,407.
0.0
0.0
0.0
0.0
231,252.
127,214.
58,514.
34,574.
160,627.
237,417.
251,777.
530,144.
27,145.
294.
27,439.
36,832.
3,663.
67,934.
29,087.
-126024
-102893

19,463.
48,927.
68,390.
51.
0.0
68,441.
34,519.
34,017.
31,101.

48,166.
46,215.
94,381.
0.0
0.0
94,381.
44,826.
57,080.
56,276.

66,088.
25,775.
91,863.
0.0
0.0
91,863.
47,809.
12,232.
10,979.

50,000.
50,000.
50,000.
50,000.
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-232366
-183781
151,088. -69226
-16.65%
-20.24%
-15.09%
-151.46%
40.39%
-.28
-2.06

4.79%
4.99%
4.22%
45.44%
99.93%
1.11
.62

7.98%
7.36%
6.23%
59.63%
100.%
.8
1.13

1.53%
1.22%
.94%
11.95%
100.%
4.35
.22

33.91%
16.1%
6.62
.15

17.24%
25.75%
6.45
.15

6.48%
43.72%
2.44
.24

2.95%
50.98%
3.35
.39

90.61%
12.36

87.96%
12.98

78.08%
14.1

61.01%
14.32

-1.47
2.55

-2.23
-1.22

-4.13
-1.83

-16.74
-1.09

Financial Statement Analysis of Financia

Orix Leasing Pakistan Ltd.


2008
Items
A.Total equity (A1 to A3)
2,603,868.
1.Share capital
694,785.
2.Reserves
1,576,899.
3.Un appropriated profit/loss
332,184.
4.Others
0.0
B.Total liabilities (B1+ B2)
25,211,112.
1.Non-current liabilities (a + b + c)
20,175,342.
a.Borrowings from financial and other institutions
3,602,959.
b.Deposit on finance lease
9,913,743.
c.Other/misc. liabilities
6,658,640.
2.Current liabilities
5,035,770.
C.Total assets (C1 + C2)
27,814,980.
1.Non-current assets (a + b + c)
15,876,126.
a.Net investment in finance lease
13,169,849.
b.Fixed assets
832,333.
c.Other/misc. assets
1,873,944.
2.Current assets (e + f)
11,938,854.
a.Cash and balances with treasury banks
207,557.
b.Placement with other banks
0.0
c.Term deposits certificate
261,519.
d.Other money market placements
0.0
e.Cash & cash equivalent (a + b + c + d)
469,076.
f.Other/misc. current assets
11,469,778.
D.Profit & loss account
1.Income from finance lease
2,378,393.
2.Income from operating lease
535,434.
3.Income from lease (D1 + D2)
2,913,827.
4.Income from investments
33,330.
5.Other income
504,110.
6.Total income/revenue (D3 to D5)
3,451,267.
7.Administrative expenses
516,826.
8.Profit/(loss) before taxation
351,609.
9.Profit/(loss) after taxation
266,609.
E.Other items
1.No. of ordinary shares (000)
69,478.
2.Cash dividend
15.%
3.Stock dividend
15.%
4.Cash generated from operating activities
549,478.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
10.24%
2.Return on capital employed (ROCE) (D8/(C-B2))
1.54%
3.Return on assets (ROA) (D9/C)
.96%
4.Return on revenue (ROR) (D9/D6)
7.72%
5.Lease income to total income (D3/D6)
84.43%
6.Administrative expenses to profit before tax. (D7/D9) (times)
1.94
7.Earning per share (D9/E1)
3.84
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
1.69%
2.Net investment in finance lease to total assets (C1a/C)
47.35%
3.Current assets to current liabilities (C2/B2) (times)
2.37
4.Total liabilities to total assets (B/C) (times)
.91
H.Capital /leverage ratios
1.Capital ratio (A/C)
9.36%
2.Break up value per share (A/E1)
37.48
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times) 2.06
2.Cash generated from operating activities to current liabilities (E4/B2) (times) .11
90

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
2,077,910.
2,016,356.
2,160,686.
2,376,165.
820,528.
820,529.
820,529.
820,529.
1,052,604.
1,195,827.
1,340,157.
1,555,636.
204,778.
0.0
0.0
0.0
0.0
0.0
87,013.
85,045.
25,245,296. 21,762,670. 19,554,519. 19,535,444.
17,807,230. 12,963,244. 11,093,605. 10,354,374.
3,864,826.
3,186,110.
2,172,519.
1,938,187.
8,100,984.
4,543,263.
3,165,148.
2,273,603.
5,841,420.
5,233,871.
5,755,938.
6,142,584.
7,438,066.
8,799,426.
8,460,914.
9,181,070.
27,323,206. 23,779,026. 21,802,218. 21,996,654.
13,465,632. 11,918,496. 12,238,277. 11,640,724.
9,828,123.
9,130,304.
9,109,645.
7,839,575.
1,121,881.
1,075,338.
1,266,877.
1,341,222.
2,515,628.
1,712,854.
1,861,755.
2,459,927.
13,857,574. 11,860,530.
9,563,941. 10,355,930.
528,227.
0.0
0.0
0.0
0.0
128,632.
242,277.
336,373.
1,467,281.
1,216,429.
358,263.
737,619.
0.0
0.0
0.0
0.0
1,995,508.
1,345,061.
600,540.
1,073,992.
11,862,066. 10,515,469.
8,963,401.
9,281,938.
2,374,476.
589,621.
2,964,097.
83,641.
475,772.
3,523,510.
651,523.
-428715
-467096

2,066,884.
625,848.
2,692,732.
70,258.
994,309.
3,757,299.
599,756.
125,956.
104,784.

2,107,805.
648,815.
2,756,620.
0.0
433,383.
3,190,003.
548,631.
226,585.
144,673.

2,012,627.
703,582.
2,716,209.
0.0
633,214.
3,349,423.
585,467.
274,864.
201,864.

82,053.
0.0
0.0
2,690,983.

82,053.
0.0
0.0
945,394.

82,053.
10.%
0.0
801,778.

82,053.
15.%
0.0
460,537.

-22.48%
-2.16%
-1.71%
-13.26%
84.12%
-1.39
-5.69

5.2%
.84%
.44%
2.79%
71.67%
5.72
1.28

6.7%
1.7%
.66%
4.54%
86.41%
3.79
1.76

8.5%
2.14%
.92%
6.03%
81.09%
2.9
2.46

7.3%
35.97%
1.86
.92

5.66%
38.4%
1.35
.92

2.75%
41.78%
1.13
.9

4.88%
35.64%
1.13
.89

7.6%
25.32

8.48%
24.57

9.91%
26.33

10.8%
28.96

-5.76
.36

9.02
.11

5.54
.09

2.28
.05

Financial Statement Analysis of Financia

Pak-Gulf Leasing Co. Ltd.


2008
Items
A.Total equity (A1 to A3)
256,702.
1.Share capital
193,698.
2.Reserves
29,580.
3.Un appropriated profit/loss
33,424.
4.Others
24,871.
B.Total liabilities (B1+ B2)
282,308.
1.Non-current liabilities (a + b + c)
151,144.
a.Borrowings from financial and other institutions
0.0
b.Deposit on finance lease
129,971.
c.Other/misc. liabilities
21,173.
2.Current liabilities
131,164.
C.Total assets (C1 + C2)
563,881.
1.Non-current assets (a + b + c)
354,788.
a.Net investment in finance lease
303,813.
b.Fixed assets
47,894.
c.Other/misc. assets
3,081.
2.Current assets (e + f)
209,093.
a.Cash and balances with treasury banks
0.0
b.Placement with other banks
181,497.
c.Term deposits certificate
0.0
d.Other money market placements
0.0
e.Cash & cash equivalent (a + b + c + d)
181,497.
f.Other/misc. current assets
27,596.
D.Profit & loss account
1.Income from finance lease
40,338.
2.Income from operating lease
9,429.
3.Income from lease (D1 + D2)
49,767.
4.Income from investments
703.
5.Other income
150.
6.Total income/revenue (D3 to D5)
50,620.
7.Administrative expenses
18,028.
8.Profit/(loss) before taxation
12,164.
9.Profit/(loss) after taxation
10,849.
E.Other items
1.No. of ordinary shares (000)
19,370.
2.Cash dividend
0.0
3.Stock dividend
0.0
4.Cash generated from operating activities
7,472.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
4.23%
2.Return on capital employed (ROCE) (D8/(C-B2))
2.81%
3.Return on assets (ROA) (D9/C)
1.92%
4.Return on revenue (ROR) (D9/D6)
21.43%
5.Lease income to total income (D3/D6)
98.31%
6.Administrative expenses to profit before tax. (D7/D9) (times)
1.66
7.Earning per share (D9/E1)
.56
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
32.19%
2.Net investment in finance lease to total assets (C1a/C)
53.88%
3.Current assets to current liabilities (C2/B2) (times)
1.59
4.Total liabilities to total assets (B/C) (times)
.5
H.Capital /leverage ratios
1.Capital ratio (A/C)
45.52%
2.Break up value per share (A/E1)
13.25
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times) .69
2.Cash generated from operating activities to current liabilities (E4/B2) (times) .06
91

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
333,766.
346,117.
364,255.
389,369.
253,698.
253,698.
253,698.
253,698.
32,556.
37,041.
41,785.
44,648.
47,512.
55,378.
68,772.
91,023.
47,865.
44,150.
41,756.
39,045.
324,924.
309,837.
410,023.
421,665.
227,757.
235,872.
288,464.
304,498.
25,000.
8,333.
25,000.
0.0
161,465.
178,168.
198,580.
217,146.
41,292.
49,371.
64,884.
87,352.
97,167.
73,965.
121,559.
117,167.
706,555.
700,104.
816,034.
850,079.
473,944.
447,104.
527,791.
524,056.
391,013.
366,450.
450,676.
449,235.
82,710.
77,532.
73,978.
71,665.
221.
3,122.
3,137.
3,156.
232,611.
253,000.
288,243.
326,023.
0.0
0.0
0.0
0.0
182,279.
6,233.
2,237.
42,904.
0.0
1,530.
1,745.
1,643.
0.0
0.0
0.0
0.0
182,279.
7,763.
3,982.
44,547.
50,332.
245,237.
284,261.
281,476.
53,639.
27.
53,666.
5,184.
349.
59,199.
18,669.
23,023.
14,878.

61,302.
3,172.
64,474.
0.0
4,724.
69,198.
31,455.
33,900.
15,528.

75,166.
2,194.
77,360.
0.0
7,046.
84,406.
28,187.
48,102.
22,505.

25,370.
25,370.
5.%
0.0
0.0
0.0
43,228. -48250

25,370.
0.0
0.0
73,705.

4.46%
3.78%
2.11%
25.13%
90.65%
1.25
.59

6.14%
5.15%
3.04%
30.63%
92.47%
.94
.84

4.26%
4.88%
1.9%
22.44%
93.17%
2.03
.61

5.78%
6.56%
2.65%
26.66%
91.65%
1.25
.89

25.8%
55.34%
2.39
.46

1.11%
52.34%
3.42
.44

.49%
55.23%
2.37
.5

5.24%
52.85%
2.78
.5

47.24%
13.16

49.44%
13.64

44.64%
14.36

45.8%
15.35

-2.1
-.32

2.03
.58

-3.11
-.4

3.28
.63

25,370.
0.0
0.0
-31254

58,705.
5,453.
64,158.
4,738.
487.
69,383.
19,884.
32,273.
21,249.

Financial Statement Analysis of Financia

SME Leasing Ltd.


2008
Items
A.Total equity (A1 to A3)
419,363.
1.Share capital
320,000.
2.Reserves
48,466.
3.Un appropriated profit/loss
50,897.
-8783
4.Others
B.Total liabilities (B1+ B2)
1,569,329.
1.Non-current liabilities (a + b + c)
895,907.
a.Borrowings from financial and other institutions
340,486.
b.Deposit on finance lease
181,250.
c.Other/misc. liabilities
374,171.
2.Current liabilities
673,422.
C.Total assets (C1 + C2)
1,979,909.
1.Non-current assets (a + b + c)
1,221,954.
a.Net investment in finance lease
1,146,981.
b.Fixed assets
9,711.
c.Other/misc. assets
65,262.
2.Current assets (e + f)
757,955.
a.Cash and balances with treasury banks
33,964.
b.Placement with other banks
31,308.
c.Term deposits certificate
0.0
d.Other money market placements
0.0
e.Cash & cash equivalent (a + b + c + d)
65,272.
f.Other/misc. current assets
692,683.
D.Profit & loss account
1.Income from finance lease
134,241.
2.Income from operating lease
0.0
3.Income from lease (D1 + D2)
134,241.
4.Income from investments
5,663.
5.Other income
15,951.
6.Total income/revenue (D3 to D5)
155,855.
7.Administrative expenses
43,631.
8.Profit/(loss) before taxation
2,275.
9.Profit/(loss) after taxation
7,711.
E.Other items
1.No. of ordinary shares (000)
32,000.
2.Cash dividend
0.0
3.Stock dividend
0.0
4.Cash generated from operating activities
92,656.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
1.84%
2.Return on capital employed (ROCE) (D8/(C-B2))
.17%
3.Return on assets (ROA) (D9/C)
.39%
4.Return on revenue (ROR) (D9/D6)
4.95%
5.Lease income to total income (D3/D6)
86.13%
6.Administrative expenses to profit before tax. (D7/D9) (times)
5.66
7.Earning per share (D9/E1)
.24
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
3.3%
2.Net investment in finance lease to total assets (C1a/C)
57.93%
3.Current assets to current liabilities (C2/B2) (times)
1.13
4.Total liabilities to total assets (B/C) (times)
.79
H.Capital /leverage ratios
1.Capital ratio (A/C)
21.18%
2.Break up value per share (A/E1)
13.11
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times) 12.02
2.Cash generated from operating activities to current liabilities (E4/B2) (times) .14
92

2012

inancial Statement Analysis of Financial Sector


(Thousand Rupees)
2009
2010
2011
349,615.
299,829.
237,289.
320,000.
320,000.
320,000.
48,466.
48,466.
48,466.
-18851
-68637
-131177
1,649.
3,835.
184.
1,239,513.
685,972.
552,468.
529,821.
297,074.
98,820.
98,236.
12,659.
14,111.
428,318.
280,353.
72,496.
3,267.
4,062.
12,213.
709,692.
388,898.
453,648.
1,590,777.
989,636.
789,941.
957,777.
470,485.
207,162.
907,451.
432,543.
158,289.
13,861.
23,402.
23,017.
36,465.
14,540.
25,856.
633,000.
519,151.
582,779.
36.
26.
9.
22,411.
11,877.
10,407.
0.0
28,660.
3,864.
0.0
0.0
0.0
22,447.
40,563.
14,280.
610,553.
478,588.
568,499.
104,603.
74,548.
44,260.
0.0
104,603.
74,548.
44,260.
-4674
0.0
0.0
19,268.
11,043.
15,459.
119,197.
85,591.
59,719.
47,631.
44,709.
47,250.
-70560
-47388
-61943
-69748
-49786
-62540

2012
208,202.
320,000.
48,466.
-160264
129.
378,723.
63,568.
3,540.
55,798.
4,230.
315,155.
587,054.
114,354.
82,582.
20,804.
10,968.
472,700.
18.
7,173.
3,809.
0.0
11,000.
461,700.

0.0

34,334.
0.0
34,334.
0.0
11,493.
45,827.
40,555.
-28859
-29088

32,000.
0.0
0.0
236,228.

32,000.
0.0
0.0
231,733.

32,000.
0.0
0.0
31,297.

32,000.
0.0
0.0
81,255.

-19.95%
-8.01%
-4.38%
-58.51%
87.76%
-.68
-2.18

-16.6%
-7.89%
-5.03%
-58.17%
87.1%
-.9
-1.56

-26.36%
-18.42%
-7.92%
-104.72%
74.11%
-.76
-1.95

-13.97%
-10.61%
-4.95%
-63.47%
74.92%
-1.39
-.91

1.41%
57.04%
.89
.78

4.1%
43.71%
1.33
.69

1.81%
20.04%
1.28
.7

1.87%
14.07%
1.5
.65

21.98%
10.93

30.3%
9.37

30.04%
7.42

35.47%
6.51

-3.39
.33

-4.65
.6

-.5
.07

-2.79
.26

Financial Statement Analysis of Financia

Saudi Pak Leasing Co. Ltd.


2008
Items
A.Total equity (A1 to A3)
684,097.
1.Share capital
451,605.
2.Reserves
150,857.
3.Un appropriated profit/loss
81,635.
-136762
4.Others
B.Total liabilities (B1+ B2)
6,888,051.
1.Non-current liabilities (a + b + c)
2,441,650.
a.Borrowings from financial and other institutions
0.0
b.Deposit on finance lease
1,070,376.
c.Other/misc. liabilities
1,371,274.
2.Current liabilities
4,446,401.
C.Total assets (C1 + C2)
7,435,386.
1.Non-current assets (a + b + c)
3,313,267.
a.Net investment in finance lease
2,941,966.
b.Fixed assets
256,383.
c.Other/misc. assets
114,918.
2.Current assets (e + f)
4,122,119.
a.Cash and balances with treasury banks
49,704.
b.Placement with other banks
419,779.
c.Term deposits certificate
11,250.
d.Other money market placements
0.0
e.Cash & cash equivalent (a + b + c + d)
480,733.
f.Other/misc. current assets
3,641,386.
D.Profit & loss account
1.Income from finance lease
479,905.
2.Income from operating lease
74,835.
3.Income from lease (D1 + D2)
554,740.
4.Income from investments
0.0
5.Other income
316,561.
6.Total income/revenue (D3 to D5)
871,301.
7.Administrative expenses
105,283.
8.Profit/(loss) before taxation
90,865.
9.Profit/(loss) after taxation
73,465.
E.Other items
1.No. of ordinary shares (000)
45,160.
2.Cash dividend
0.0
3.Stock dividend
0.0
-240840
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
10.74%
2.Return on capital employed (ROCE) (D8/(C-B2))
3.04%
3.Return on assets (ROA) (D9/C)
.99%
4.Return on revenue (ROR) (D9/D6)
8.43%
5.Lease income to total income (D3/D6)
63.67%
6.Administrative expenses to profit before tax. (D7/D9) (times)
1.43
7.Earning per share (D9/E1)
1.63
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
6.47%
2.Net investment in finance lease to total assets (C1a/C)
39.57%
3.Current assets to current liabilities (C2/B2) (times)
.93
4.Total liabilities to total assets (B/C) (times)
.93
H.Capital /leverage ratios
1.Capital ratio (A/C)
9.2%
2.Break up value per share (A/E1)
15.15
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times) -3.28
2.Cash generated from operating activities to current liabilities (E4/B2) (times) -.05
93

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
-239548
-1058654
217,148. -123738
451,605.
451,605.
451,605.
451,605.
148,257.
148,257.
148,257.
148,257.
-382714
-723600
-839410
-1658516
-144934
25,261.
23,664.
47,637.
5,830,720.
4,569,990.
3,378,209.
3,004,708.
2,648,890.
1,769,358.
1,100,629.
682,548.
0.0
632,000.
431,122.
246,884.
876,653.
692,925.
164,269.
70,039.
1,772,237.
444,433.
505,238.
365,625.
3,181,830.
2,800,632.
2,277,580.
2,322,160.
5,902,934.
4,471,513.
3,162,325.
1,993,691.
2,233,638.
1,408,863.
765,287.
482,427.
1,880,876.
1,069,278.
453,840.
282,416.
260,795.
119,283.
99,760.
132,660.
91,967.
220,302.
211,687.
67,351.
3,669,296.
3,062,650.
2,397,038.
1,511,264.
14,125.
30.
36.
27.
108,866.
18,511.
31,665.
27,252.
1,013.
184,682.
184,144.
122,569.
0.0
0.0
0.0
0.0
124,004.
203,223.
215,845.
149,848.
3,545,292.
2,859,427.
2,181,193.
1,361,416.
437,132.
277,855.
135,665.
57,856.
62,221.
25,474.
9,968.
4,917.
499,353.
303,329.
145,633.
62,773.
0.0
0.0
0.0
0.0
177,970.
132,554.
73,932.
81,354.
677,323.
435,883.
219,565.
144,127.
112,291.
97,227.
90,227.
76,690.
-527197
-419636
-165937
-602998
-458059
-342754
-117678
-821752
45,160.
0.0
0.0
823,319.

45,160.
0.0
0.0
930,274.

45,160.
0.0
0.0
935,483.

45,160.
0.0
0.0
311,771.

-210.94%
-19.37%
-7.76%
-67.63%
73.72%
-.25
-10.14

277.%
-25.11%
-7.67%
-78.63%
69.59%
-.28
-7.59

49.13%
-18.76%
-3.72%
-53.6%
66.33%
-.77
-2.61

77.62%
183.58%
-41.22%
-570.16%
43.55%
-.09
-18.2

2.1%
31.86%
1.15
.99

4.54%
23.91%
1.09
1.02

6.83%
14.35%
1.05
1.07

7.52%
14.17%
.65
1.51

3.68%
4.81

-2.77%
-2.74

-7.58%
-5.3

-53.1%
-23.44

-1.8
.26

-2.71
.33

-7.95
.41

-.38
.13

Financial Statement Analysis of Financia

Security Leasing Corporation Ltd.


2008
Items
A.Total equity (A1 to A3)
592,370.
1.Share capital
475,500.
2.Reserves
118,867.
-1997
3.Un appropriated profit/loss
4.Others
23,776.
B.Total liabilities (B1+ B2)
4,961,128.
1.Non-current liabilities (a + b + c)
2,632,668.
a.Borrowings from financial and other institutions
1,602,207.
b.Deposit on finance lease
1,027,875.
c.Other/misc. liabilities
2,586.
2.Current liabilities
2,328,460.
C.Total assets (C1 + C2)
5,577,274.
1.Non-current assets (a + b + c)
3,108,830.
a.Net investment in finance lease
2,302,632.
b.Fixed assets
246,681.
c.Other/misc. assets
559,517.
2.Current assets (e + f)
2,468,444.
a.Cash and balances with treasury banks
60.
b.Placement with other banks
38,634.
c.Term deposits certificate
4,814.
d.Other money market placements
305,665.
e.Cash & cash equivalent (a + b + c + d)
349,173.
f.Other/misc. current assets
2,119,271.
D.Profit & loss account
1.Income from finance lease
383,218.
2.Income from operating lease
58,595.
3.Income from lease (D1 + D2)
441,813.
4.Income from investments
5.Other income
556,615.
6.Total income/revenue (D3 to D5)
998,428.
7.Administrative expenses
89,305.
-10039
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
211,810.
E.Other items
1.No. of ordinary shares (000)
47,550.
2.Cash dividend
9.%
3.Stock dividend
0.0
4.Cash generated from operating activities
152,826.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
35.76%
2.Return on capital employed (ROCE) (D8/(C-B2))
-.31%
3.Return on assets (ROA) (D9/C)
3.8%
4.Return on revenue (ROR) (D9/D6)
21.21%
5.Lease income to total income (D3/D6)
44.25%
6.Administrative expenses to profit before tax. (D7/D9) (times)
.42
7.Earning per share (D9/E1)
4.45
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
6.26%
2.Net investment in finance lease to total assets (C1a/C)
41.29%
3.Current assets to current liabilities (C2/B2) (times)
1.06
4.Total liabilities to total assets (B/C) (times)
.89
H.Capital /leverage ratios
1.Capital ratio (A/C)
10.62%
2.Break up value per share (A/E1)
12.46
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times) .72
2.Cash generated from operating activities to current liabilities (E4/B2) (times) .07
94

2012

inancial Statement Analysis of Financial Sector

2009
215,787.
438,028.
118,867.
-341108
22,547.
3,727,834.
1,812,607.
1,157,747.
654,860.

2010
59,449.
438,028.
118,867.
-497446
21,319.
2,668,937.
1,432,902.
1,147,358.
285,544.
0.0

1,915,227.
3,966,168.
2,010,853.
1,222,343.
204,684.
583,826.
1,955,315.
0.0
3,750.
680.
101,354.
105,784.
1,849,531.
321,161.
46,438.
367,599.
0.0 -108625
-60802
198,172.
99,937.
-468114
-357797

1,236,035.
2,749,705.
1,114,513.
494,912.
161,314.
458,287.
1,635,192.
34.
2,517.
1,305.
12,643.
16,499.
1,618,693.

(Thousand Rupees)
2011
310,259.
438,028.
159,867.
-287636
24,830.
1,598,998.
898,338.
665,283.
233,055.
0.0
700,660.
1,934,087.
837,029.
328,129.
145,434.
363,466.
1,097,058.
7,079.
9,110.
22,000.
38,191.
1,058,867.

149,924.
100,876.
21,398.
15,418.
171,322.
116,294.
-49674
-625
8,467.
259,186.
130,115.
374,855.
93,118.
86,112.
-291909
216,731.
-273954
205,845.

2012
422,288.
438,028.
181,867.
-197607
0.0
1,017,039.
590,346.
473,616.
116,730.
0.0
0.0
426,693.
1,439,327.
613,862.
118,134.
136,847.
358,881.
825,465.
2.
12.
4,828.
0.0
10,000.
14,840.
810,625.
62,545.
11,701.
74,246.
-55
169,174.
243,365.
83,379.
115,894.
112,029.

43,802.
0.0
0.0
57,319.

43,802.
0.0
0.0
201,632.

43,802.
0.0
0.0
251,530.

43,802.
0.0
0.0
231,789.

-165.81%
-22.82%
-9.02%
-180.55%
185.49%
-.28
-8.17

-460.82%
-19.28%
-9.96%
-210.55%
131.67%
-.34
-6.25

66.35%
17.57%
10.64%
54.91%
31.02%
.42
4.7

26.53%
11.44%
7.78%
46.03%
30.51%
.74
2.56

2.67%
30.82%
1.02
.94

.6%
18.%
1.32
.97

1.97%
16.97%
1.57
.83

1.03%
8.21%
1.93
.71

5.44%
4.93

2.16%
1.36

16.04%
7.08

29.34%
9.64

-.16
.03

-.74
.16

1.22
.36

2.07
.54

Financial Statement Analysis of Financia

Sigma Corporation Ltd.


2008
Items
A.Total equity (A1 to A3)
331,993.
1.Share capital
300,000.
2.Reserves
61,861.
-29868
3.Un appropriated profit/loss
4.Others
55,194.
B.Total liabilities (B1+ B2)
982,953.
1.Non-current liabilities (a + b + c)
479,120.
a.Borrowings from financial and other institutions
141,667.
b.Deposit on finance lease
1,739.
c.Other/misc. liabilities
335,714.
2.Current liabilities
503,833.
C.Total assets (C1 + C2)
1,370,140.
1.Non-current assets (a + b + c)
627,911.
a.Net investment in finance lease
541,329.
b.Fixed assets
85,513.
c.Other/misc. assets
1,069.
2.Current assets (e + f)
742,229.
a.Cash and balances with treasury banks
58.
b.Placement with other banks
73,089.
c.Term deposits certificate
163,257.
d.Other money market placements
0.0
e.Cash & cash equivalent (a + b + c + d)
236,404.
f.Other/misc. current assets
505,825.
D.Profit & loss account
1.Income from finance lease
123,397.
2.Income from operating lease
11,100.
3.Income from lease (D1 + D2)
134,497.
4.Income from investments
0.0
5.Other income
22,261.
6.Total income/revenue (D3 to D5)
156,758.
7.Administrative expenses
23,854.
8.Profit/(loss) before taxation
58,147.
9.Profit/(loss) after taxation
54,580.
E.Other items
1.No. of ordinary shares (000)
30,000.
2.Cash dividend
11.%
3.Stock dividend
0.0
4.Cash generated from operating activities
377,294.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
16.44%
2.Return on capital employed (ROCE) (D8/(C-B2))
6.71%
3.Return on assets (ROA) (D9/C)
3.98%
4.Return on revenue (ROR) (D9/D6)
34.82%
5.Lease income to total income (D3/D6)
85.8%
6.Administrative expenses to profit before tax. (D7/D9) (times)
.44
7.Earning per share (D9/E1)
1.82
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
17.25%
2.Net investment in finance lease to total assets (C1a/C)
39.51%
3.Current assets to current liabilities (C2/B2) (times)
1.47
4.Total liabilities to total assets (B/C) (times)
.72
H.Capital /leverage ratios
1.Capital ratio (A/C)
24.23%
2.Break up value per share (A/E1)
11.07
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times) 6.91
2.Cash generated from operating activities to current liabilities (E4/B2) (times) .75
95

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
306,303.
313,321.
334,524.
324,942.
300,000.
300,000.
300,000.
300,000.
61,862.
63,209.
67,424.
0.0
-55559
-49888
-32900
24,942.
40,476.
54,953.
43,823.
45,126.
632,691.
163,218.
133,229.
19,837.
315,918.
70,515.
78,862.
6,263.
33,333.
397.
0.0
0.0
1,077.
39,048.
57,882.
0.0
281,508.
31,070.
20,980.
6,263.
316,773.
92,703.
54,367.
13,574.
979,470.
531,492.
511,576.
389,905.
361,974.
201,727.
176,560.
63,364.
278,688.
119,243.
108,608.
0.0
82,337.
81,654.
67,609.
63,132.
949.
830.
343.
232.
617,496.
329,765.
335,016.
326,541.
67.
65.
57.
2.
97,559.
48,354.
23,317.
69,892.
137,332.
60,118.
213,618.
253,444.
0.0
0.0
0.0
0.0
234,958.
108,537.
236,992.
323,338.
382,538.
221,228.
98,024.
3,203.
84,095.
5,192.
89,287.
0.0
10,540.
99,827.
24,054.
-74417
-486
-67860

43,171.
184.
43,355.
0.0
31,844.
75,199.
24,326.

25,052.

12,236.
-

6,736.

25,052.
17,916.
5,509.
48,477.
7,420.
13,738.
21,077.

12,236.
21,099.
4,297.
37,632.
6,033.
19,310.
12,710.

30,000.
0.0
0.0
325,976.

30,000.
0.0
0.0
210,019.

30,000.
5.%
0.0
109,863.

30,000.
2.5%
0.0
124,985.

-22.15%
-11.23%
-6.93%
-67.98%
89.44%
-.35
-2.26

2.15%
-.11%
1.27%
8.96%
57.65%
3.61
.22

6.3%
3.%
4.12%
43.48%
51.68%
.35
.7

3.91%
5.13%
3.26%
33.77%
32.51%
.47
.42

23.99%
28.45%
1.95
.65

20.42%
22.44%
3.56
.31

46.33%
21.23%
6.16
.26

82.93%
0.0
24.06
.05

31.27%
10.21

58.95%
10.44

65.39%
11.15

83.34%
10.83

-4.8
1.03

31.18
2.27

5.21
2.02

9.83
9.21

Financial Statement Analysis of Financia

Standard Chartered Leasing Ltd.


2008
Items
A.Total equity (A1 to A3)
209,098.
1.Share capital
391,342.
2.Reserves
94,407.
-276651
3.Un appropriated profit/loss
-853
4.Others
B.Total liabilities (B1+ B2)
1,543,716.
1.Non-current liabilities (a + b + c)
460,871.
a.Borrowings from financial and other institutions
66,667.
b.Deposit on finance lease
285,129.
c.Other/misc. liabilities
109,075.
2.Current liabilities
1,082,845.
C.Total assets (C1 + C2)
1,751,961.
1.Non-current assets (a + b + c)
811,401.
a.Net investment in finance lease
567,724.
b.Fixed assets
9,618.
c.Other/misc. assets
234,059.
2.Current assets (e + f)
940,560.
a.Cash and balances with treasury banks
b.Placement with other banks
5,040.
c.Term deposits certificate
14,698.
d.Other money market placements
e.Cash & cash equivalent (a + b + c + d)
19,745.
f.Other/misc. current assets
920,815.
D.Profit & loss account
1.Income from finance lease
2.Income from operating lease
150,715.
3.Income from lease (D1 + D2)
150,715.
4.Income from investments
7,493.
5.Other income
23,297.
6.Total income/revenue (D3 to D5)
181,505.
7.Administrative expenses
48,561.
-56738
8.Profit/(loss) before taxation
-63262
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
39,134.
2.Cash dividend
0.0
3.Stock dividend
0.0
4.Cash generated from operating activities
605,369.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
-30.25%
2.Return on capital employed (ROCE) (D8/(C-B2))
-8.48%
3.Return on assets (ROA) (D9/C)
-3.61%
4.Return on revenue (ROR) (D9/D6)
-34.85%
5.Lease income to total income (D3/D6)
83.04%
6.Administrative expenses to profit before tax. (D7/D9) (times)
-.77
7.Earning per share (D9/E1)
-1.62
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
1.13%
2.Net investment in finance lease to total assets (C1a/C)
32.41%
3.Current assets to current liabilities (C2/B2) (times)
.87
4.Total liabilities to total assets (B/C) (times)
.88
H.Capital /leverage ratios
1.Capital ratio (A/C)
11.94%
2.Break up value per share (A/E1)
5.34
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times) -9.57
2.Cash generated from operating activities to current liabilities (E4/B2) (times) .56
96

2012

inancial Statement Analysis of Financial Sector


(Thousand Rupees)
2009
2010
2011
736,138.
778,743.
851,125.
978,354.
978,354.
978,355.
94,408.
102,929.
118,183.
-336624
-302540
-245413
-3893
-3892
-4
1,269,281.
1,580,409.
2,412,764.
304,736.
230,248.
482,311.
0.0
0.0
201,334.
228,521.
482,311.
103,402.
1,727.
964,545.
1,350,161.
1,930,453.
2,001,526.
2,355,260.
3,263,885.
1,292,056.
1,561,028.
2,182,561.
1,043,785.
1,279,678.
1,944,578.
6,734.
3,699.
1,016.
241,537.
277,651.
236,967.
709,470.
794,232.
1,081,324.
7.
7.
32.
5,287.
8,518.
6,778.
5,741.
1,025.
19,400.
0.0
0.0
0.0
11,035.
9,575.
26,185.
698,435.
784,657.
1,055,139.
0.0

141,428.
23,994.
165,422.
0.0
14,464.
179,886.
53,833.
-56552
-59973

206,423.
18,709.
225,132.
1,035.
15,393.
241,560.
70,626.
65,547.
42,606.

2012
900,064.
978,355.
137,755.
-216046
-331
3,813,386.
785,739.
0.0
0.0

7.

0.0
715,819.
69,920.
3,027,647.
4,713,119.
2,891,162.
2,748,159.
1,647.
141,356.
1,821,957.
73.
6,065.
188,540.

0.0

0.0
194,678.
1,627,279.

292,120.
14,756.
306,876.
26.
37,357.
344,259.
81,691.
117,345.
76,274.

438,938.
10,655.
449,593.
84.
41,292.
490,969.
81,255.
177,859.
97,856.

97,835.
97,835.
97,835.
0.0
0.0
5.%
0.0
0.0
0.0
-434775
-220574
-584795

97,835.
8.%
0.0
-874915

-8.15%
-5.45%
-3.%
-33.34%
91.96%
-.9
-.61

5.47%
6.52%
1.81%
17.64%
93.2%
1.66
.44

8.96%
8.8%
2.34%
22.16%
89.14%
1.07
.78

10.87%
10.55%
2.08%
19.93%
91.57%
.83
1.

.55%
52.15%
.74
.63

.41%
54.33%
.59
.67

.8%
59.58%
.56
.74

4.13%
58.31%
.6
.81

36.78%
7.52

33.06%
7.96

26.08%
8.7

19.1%
9.2

7.25
-.45

-5.18
-.16

-7.67
-.3

-8.94
-.29

Financial Statemen

NVESTMENT
B ANKS

The performance of investment banks has deteriorated over the year. Analysis re
balance sheet size squeezed by 35.8 percent in FY12 over FY11. The aggregate

same. Losses before and after tax have been Rs. 2.3 billion and Rs. 2.0 billion re
Gross revenue also witnessed a decrease of 34.3 percent during FY12.

NALYSIS OF SHAREHOLDERS EQUITY

Total shareholders
equity
(TE) at Rs 3.1 billion
in FY11 shrank to Rs 1.6 billion in FY12
reflecting a decrease of 49.1 percent in FY12
over FY11. Share Capital (SC) remained at Rs
8.8 billion both in FY11 and FY12.

A
NALYSIS OF LIABILITIES
Total liabilities witnessed a decline of 34.1 percent from Rs 21.5 billion in FY11 to

FY12. Share Composition of current and non-current liabilities to total liabilities w


percent respectively in FY12 as against 82.8 and 17.2 percent in FY11. Current li
33.9 percent to reach Rs 11.8 billion in FY12.

NALYSIS OF ASSETS

Total assets declined by 35.8 percent during


FY12. In absolute terms they decreased from Rs
24.4 billion in FY11 to Rs 15.7 billion in FY12.
Total current assets at Rs 19.5 billion in FY11
decreased to Rs 11.4 billion in FY12, showing a
decrease of 41.4 percent. Cash and bank

balances at Rs 0.5 billion in FY12, reflected an


increase of 39.6 percent over FY11. Other current assets at Rs 10.9 billion in FY1
of 42.9 percent over FY11.

2012

Financial Statement Analysis of Financial Sector

orated over the year. Analysis revealed that their


FY12 over FY11. The aggregate share capital remained

s. 2.3 billion and Rs. 2.0 billion respectively in FY12.


3 percent during FY12.
Shareholders' Equity
FY 11

FY 12

10.
5.

Growth%

0.0

0.0
Billion Rs.
-5.
-10.

20.%
0.0

.07%

-20.%
TE

SC

RV

UPL

-49.%
-60.%

nt from Rs 21.5 billion in FY11 to Rs 14.1 billion in

rrent liabilities to total liabilities was 83.1 and 16.9


d 17.2 percent in FY11. Current liabilities decreased by

Current Assets

30.
19.5

19.1

20.
11.4
Billion Rs.

10.9

10.
0.3 0.5

0.0
Current Assets Cash & Bank
(CA)
Bal.
FY 11

FY 12

nt assets at Rs 10.9 billion in FY12, showed a decrease

97

Other CA

-31% -40%

Financial Statemen

Total non-current assets at Rs 4.3


billion in FY12 showed a
decrease of 13.8 percent over
FY11. The main constituent

6.
5.
4.

long-term investment has been


25.9 percent of non-current

3.
Billion Rs.

assets in FY12. Long-term


investments at Rs 1.1 billion in
FY12 decreased by 10.5 percent

1.
0.0

from Rs 1.2 billion in FY11.

Fixed assets in investment banks have been around Rs 0.9 billion both in FY11 a
P

ROFITABILITY AND OPERATING EFFICIENCY

Gross revenue at Rs 1.5 billion in


FY12 decreased by 34.3 percent
from Rs 2.3 billion in FY11. The

Profit & Loss Account

administrative and

2.
1.
0.0
Billion Rs.
-2.

3.

operating

expenses showed a decrease of


18.3 percent in FY12. Operating
profit declined by 34.0 percent

from Rs 935.9 million in FY11


-3.
to Rs 618.0 million in FY12. Finance cost decreased by 25.2 percent to reach Rs

from Rs 2.0 billion in FY11. Losses of investment banks before and after taxes we
Rs 2.0 billion respectively in FY12.
Profitability Ratios
Return on equity (ROE), return
on capital employed (ROCE),
return on assets (ROA) and
return
on
revenue
remained in the negative zone

(ROR)
-129.2%

both in FY11 and FY12.


-140.%

Financial Statement Analysis of Financial Sector

Non- Current Assets


FY 11

FY 12
5.
4.3

4.%
2.8
-10.%

2.

-14.% 0.9 0.9

1.2 1.1

Non-Current Fixed Assets Long Trem Other NCA


Assets

Invt.

und Rs 0.9 billion both in FY11 and FY12.

Profit & Loss Account


FY 11

FY 12

2.3 -34% -18%

-34.%

1.5 1.0 0.8

-1. GR

AMIN

2.

-25.%

0.9 0.6

1.5

OP

FC

PBT
-204.%

-.8
-2.3

sed by 25.2 percent to reach Rs 1.5 billion in FY12

t banks before and after taxes were Rs 2.3 billion and

Profitability Ratios

-36.9%

-69.3%
-27.9%

-120.%
FY 12

98

-100.%

-80.%
FY 11

-60.%

-40.%
Poly. (FY 11)

2012

Growth%
10.%
5.%
0.0
-5.%
-10.%
-15.%
-20.%
-25.%

2.2
-21.%

Growth%
0.0
-50.%
-135.%

-100.%
-150.%
-200.%

PAT
-.9
-2.

-250.%

-13.4% ROR
-3.8% ROA
-12.9%
ROCE
-11.9%
ROE

-20.%
Poly. (FY 12)

0.0

Financial Statement Analysis of Financia

Investment Banks - Overall


2008
Items
A.Total equity (A1 to A3)
9,526,688.
1.Share capital
7,625,153.
2.Reserves
1,752,876.
3.Unappropriated profit/loss
148,659.
-711925
4.Others
B.Total liabilities (B1 + B2)
45,556,092.
1.Current liabilities
33,856,343.
2.Non-current liabilities
11,699,749.
C.Total assets (C1+C2)
54,370,855.
1.Current assets (a + b)
38,590,037.
a.Cash and banks balances
1,792,740.
b.Other current assets
36,797,297.
2.Non-current assets (a + b + c)
15,780,818.
a.Fixed assets
1,651,142.
b.Long-term investments
9,118,257.
c.Other non-current assets
5,011,419.
D.Profit & loss account
1.Gross revenue
6,599,385.
2.Administartive & operating expenses
1,914,881.
3.Operating profit
4,545,526.
4.Finance cost
2,977,616.
5.Profit/(loss) before taxation
694,271.
6.Profit/(loss) after taxation
934,899.
E.Other items
1.No. of shares
676,615.
2.Cash dividend
N/A
3.Stock dividend/bonus shares
N/A
-1530066
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
9.81%
2.Return on capital employed (ROCE) (D5/(C-B1))
3.38%
3.Return on assets (ROA) (D6/C)
1.72%
4.Return on revenue (ROR) (D6/D1)
14.17%
5.Operating expenses to net income (D2/D6)
204.82%
6.Earning per share (D6/E1)
1.38
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
1.14
2.Total liabilities to total assets (B/C) (times)
.84
3.Long term investment to total assets (C2b/C)
16.77%
H.Capital /leverage ratios
1.Capital ratio (A/C)
17.52%
2.Break up value per share (A/E1)
14.08
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) -1.64

99

2012

inancial Statement Analysis of Financial Sector

2009
3,861,474.
9,472,352.
-839614
-4771264
-135740
32,722,638.
22,467,310.
10,255,328.
36,448,372.
22,359,537.
879,937.
21,479,600.
14,088,835.
2,357,479.
3,765,840.
7,965,516.

2010
3,956,573.
8,809,385.
-892104
-3960708
-69578
22,647,951.
17,502,134.
5,145,817.
26,534,946.
18,320,595.
627,788.
17,692,807.
8,214,351.
1,089,410.
2,971,874.
4,153,067.

(Thousand Rupees)
2011
2012
3,075,435.
1,565,563.
8,809,385.
8,809,385.
-858319
-857760
-4875631
-6386062
-105833
-24817
21,456,241. 14,141,973.
17,765,603. 11,751,023.
3,690,638.
2,390,950.
24,425,843. 15,682,719.
19,454,866. 11,397,705.
346,509.
483,765.
19,108,357. 10,913,940.
4,970,977.
4,285,014.
893,086.
932,697.
1,240,489.
1,110,823.
2,837,402.
2,241,494.

2,808,171.
2,862,407.
2,323,809.
1,529,708.
998,055.
1,493,077.
1,019,462.
833,207.
1,810,116.
1,369,330.
935,914.
617,994.
3,259,862.
2,235,220.
2,000,693.
1,495,781.
-5043689
-1885521
-771710
-2347083
-4063536
-1343741
-859567
-2022878
857,235.
880,939.
880,940.
880,939.
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-992255
3,104,579. -205553
11,644.
-105.23%
-36.08%
-11.15%
-144.7%
-24.56%
-4.74

-33.96%
-20.87%
-5.06%
-46.94%
-111.11%
-1.53

-27.95%
-11.59%
-3.52%
-36.99%
-118.6%
-.98

-129.21%
-59.7%
-12.9%
-132.24%
-41.19%
-2.3

1.
.9
10.33%

1.05
.85
11.2%

1.1
.88
5.08%

.97
.9
7.08%

10.59%
4.5

14.91%
4.49

12.59%
3.49

9.98%
1.78

.24

-2.31

.24

-.01

Financial Statement Analysis of Financia

Escorts Investment Bank Ltd.


2008
Items
A.Total equity (A1 to A3)
851,850.
1.Share capital
441,000.
2.Reserves
154,050.
3.Unappropriated profit/loss
256,800.
-3533
4.Others
B.Total liabilities (B1 + B2)
5,648,593.
1.Current liabilities
4,737,057.
2.Non-current liabilities
911,536.
C.Total assets (C1+C2)
6,496,910.
1.Current assets (a + b)
5,394,443.
a.Cash and banks balances
306,542.
b.Other current assets
5,087,901.
2.Non-current assets (a + b + c)
1,102,467.
a.Fixed assets
135,383.
b.Long-term investments
556,374.
c.Other non-current assets
410,710.
D.Profit & loss account
1.Gross revenue
804,919.
2.Administartive & operating expenses
238,319.
3.Operating profit
566,600.
4.Finance cost
201,267.
5.Profit/(loss) before taxation
94,512.
6.Profit/(loss) after taxation
137,817.
E.Other items
1.No. of shares
44,100.
2.Cash dividend
20.%
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
259,937.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
16.18%
2.Return on capital employed (ROCE) (D5/(C-B1))
5.37%
3.Return on assets (ROA) (D6/C)
2.12%
4.Return on revenue (ROR) (D6/D1)
17.12%
5.Operating expenses to net income (D2/D6)
172.92%
6.Earning per share (D6/E1)
3.13
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
1.14
2.Total liabilities to total assets (B/C) (times)
.87
3.Long term investment to total assets (C2b/C)
8.56%
H.Capital /leverage ratios
1.Capital ratio (A/C)
13.11%
2.Break up value per share (A/E1)
19.32
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) 1.89

100

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
597,403.
366,292.
304,107.
268,703.
441,000.
441,000.
441,000.
441,000.
154,050.
154,050.
154,050.
154,050.
-290943
-326347
2,353. -228758
7,269.
6,824. -2499
31,067.
1,502,971.
1,289,870.
1,854,696.
1,699,759.
971,888.
866,129.
1,736,893.
1,462,806.
531,083.
423,741.
117,803.
236,953.
2,107,643.
1,662,986.
2,156,304.
1,999,529.
1,108,243.
851,787.
1,723,184.
1,567,758.
19,478.
19,508.
26,434.
48,339.
1,088,765.
832,279.
1,696,750.
1,519,419.
999,400.
811,199.
433,120.
431,771.
106,581.
90,658.
82,481.
109,504.
544,938.
530,943.
157,234.
100,994.
347,881.
189,598.
193,405.
221,273.
356,524.
182,339.
226,765.
249,454.
141,833.
91,007.
85,905.
71,410.
214,691.
91,332.
140,860.
178,044.
92,854.
32,358.
76,167.
126,126.
-64410
-44359
3,803. -111835
-166247
-115298
-62185
35,404.
44,100.
0.0
0.0
-124831

44,100.
0.0
0.0
188,243.

44,100.
0.0
0.0
134,072.

44,100.
0.0
0.0
3,184.

-27.83%
.33%
-7.89%
-46.63%
-85.31%
-3.77

-31.48%
-14.03%
-6.93%
-63.23%
-78.93%
-2.61

-20.45%
-15.36%
-2.88%
-27.42%
-138.14%
-1.41

13.18%
-8.26%
1.77%
14.19%
201.7%
.8

1.14
.71
25.86%

.98
.78
31.93%

.99
.86
7.29%

1.07
.85
5.05%

28.34%
13.55

22.03%
8.31

14.1%
6.9

13.44%
6.09

.75

-1.63

-2.16

.09

Financial Statement Analysis of Financia

First Credit and Investment Bank


2008
Items
A.Total equity (A1 to A3)
557,982.
1.Share capital
400,000.
2.Reserves
114,558.
3.Unappropriated profit/loss
43,424.
-7800
4.Others
B.Total liabilities (B1 + B2)
1,179,071.
1.Current liabilities
1,089,771.
2.Non-current liabilities
89,300.
C.Total assets (C1+C2)
1,729,253.
1.Current assets (a + b)
1,000,427.
a.Cash and banks balances
13,969.
b.Other current assets
986,458.
2.Non-current assets (a + b + c)
728,826.
a.Fixed assets
9,730.
b.Long-term investments
629,687.
c.Other non-current assets
89,409.
D.Profit & loss account
1.Gross revenue
178,306.
2.Administartive & operating expenses
39,328.
3.Operating profit
0.0
4.Finance cost
102,461.
5.Profit/(loss) before taxation
24,923.
6.Profit/(loss) after taxation
16,038.
E.Other items
1.No. of shares
44,100.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-12572
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.87%
2.Return on capital employed (ROCE) (D5/(C-B1))
3.9%
3.Return on assets (ROA) (D6/C)
.93%
4.Return on revenue (ROR) (D6/D1)
8.99%
5.Operating expenses to net income (D2/D6)
245.22%
6.Earning per share (D6/E1)
.36
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
.92
2.Total liabilities to total assets (B/C) (times)
.68
3.Long term investment to total assets (C2b/C)
36.41%
H.Capital /leverage ratios
1.Capital ratio (A/C)
32.27%
2.Break up value per share (A/E1)
12.65
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) -.78

101

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
808,568.
816,442.
727,979.
656,782.
650,000.
650,000.
650,000.
650,000.
116,089.
117,663.
117,663.
117,663.
-110881
42,479.
48,779. -39684
-22388
-14967
-12587
-19447
1,014,317.
663,249.
802,483.
583,742.
1,014,217.
533,249.
594,358.
449,542.
100.
130,000.
208,125.
134,200.
1,800,497.
1,464,724.
1,517,875.
1,221,077.
835,328.
621,476.
699,191.
504,156.
31,469.
18,898.
8,598.
4,514.
803,859.
602,578.
690,593.
499,642.
965,169.
843,248.
818,684.
716,921.
6,943.
4,461.
12,072.
13,025.
788,163.
786,088.
676,605.
560,575.
170,063.
52,699.
130,007.
143,321.
214,296.
46,240.
168,056.
106,488.
12,751.
7,655.

164,282.
137,804.
139,198.
49,064.
49,177.
49,027.
115,218.
88,627.
90,171.
81,280.
92,344.
91,041.
-85113
5,015. -136419
-71197
7,874. -88462

65,000.
0.0
0.0
388,496.

65,000.
65,000.
0.0
0.0
0.0
0.0
351,427. -115855

65,000.
0.0
0.0
144,075.

.95%
1.62%
.43%
3.57%
604.05%
.12

.96%
.54%
.54%
4.79%
623.11%
.12

-12.15%
-14.77%
-5.83%
-64.19%
-55.59%
-1.36

-10.84%
-11.03%
-5.83%
-51.15%
-68.86%
-1.1

.82
.56
43.77%

1.17
.45
53.67%

1.18
.53
44.58%

1.12
.48
45.91%

44.91%
12.44

55.74%
12.56

47.96%
11.2

53.79%
10.1

50.75

44.63

1.31

-2.02

Financial Statement Analysis of Financia

First Dawood Investment Bank Ltd.


2008
Items
A.Total equity (A1 to A3)
1,778,996.
1.Share capital
569,539.
2.Reserves
1,024,030.
3.Unappropriated profit/loss
185,427.
4.Others
0.0
B.Total liabilities (B1 + B2)
9,285,199.
1.Current liabilities
7,102,703.
2.Non-current liabilities
2,182,496.
C.Total assets (C1+C2)
11,064,195.
1.Current assets (a + b)
8,667,974.
a.Cash and banks balances
33,756.
b.Other current assets
8,634,218.
2.Non-current assets (a + b + c)
2,396,221.
a.Fixed assets
62,028.
b.Long-term investments
1,064,499.
c.Other non-current assets
1,269,694.
D.Profit & loss account
1.Gross revenue
1,468,881.
2.Administartive & operating expenses
97,377.
3.Operating profit
1,371,504.
4.Finance cost
980,004.
5.Profit/(loss) before taxation
36,112.
6.Profit/(loss) after taxation
113,655.
E.Other items
1.No. of shares
56,954.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
10.%
-256868
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
.06%
2.Return on capital employed (ROCE) (D5/(C-B1))
.01%
3.Return on assets (ROA) (D6/C)
.01%
4.Return on revenue (ROR) (D6/D1)
.08%
5.Operating expenses to net income (D2/D6)
.86%
6.Earning per share (D6/E1)
2.
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
1.22
2.Total liabilities to total assets (B/C) (times)
.84
3.Long term investment to total assets (C2b/C)
.1%
H.Capital /leverage ratios
1.Capital ratio (A/C)
.16%
2.Break up value per share (A/E1)
31.24
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) -2.26

102

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
-403246
688,563.
615,906.
210,885.
626,493.
1,342,326.
1,342,326.
1,342,326.
258,210.
333,745.
333,745.
333,745.
-1287949
-987508
-1060165
-1465186
-115445
-67871
-24762
-9988
5,655,107.
2,527,415.
1,233,747.
952,970.
4,339,578.
1,309,872.
656,529.
669,075.
1,315,529.
1,217,543.
577,218.
283,895.
5,136,416.
3,148,107.
1,824,891.
1,153,867.
3,444,409.
2,291,378.
1,298,387.
684,799.
194,340.
146,587.
114,052.
139,860.
3,250,069.
2,144,791.
1,184,335.
544,939.
1,692,007.
856,729.
526,504.
469,068.
85,681.
9,432.
69,471.
7,487.
410,190.
22,961.
163,947.
186,929.
1,196,136.
824,336.
293,086.
274,652.
235,222.
94,049.
141,173.
1,128,269.
-1807575
-1791422

292,791.
192,259.
14,730.
99,623.
88,027.
84,482.
193,168.
104,232. -69752
123,891.
18,403.
4,875.
234,253.
12,905. -408083
-376388
377,676. -44024

62,649.
0.0
0.0
-485352

134,233.
0.0
0.0
1,190,133.

134,233.
0.0
0.0
320,540.

134,233.
0.0
0.0
99,447.

444.25%
-226.84%
-34.88%
-761.59%
-5.25%
-28.59

54.85%
12.74%
12.%
128.99%
26.38%
2.81

-7.15%
1.1%
-2.41%
-22.9%
-199.95%
-.33

-178.48%
-84.18%
-32.62%
-2,555.25%
-22.45%
-2.8

.79
1.1
7.99%

1.75
.8
.73%

1.98
.68
8.98%

1.02
.83
16.2%

-7.85%
-6.44

21.87%
5.13

33.75%
4.59

18.28%
1.57

.27

3.15

-7.28

-.26

Financial Statement Analysis of Financia

IGI Investment Bank Ltd.


2008
Items
A.Total equity (A1 to A3)
2,244,315.
1.Share capital
2,121,025.
2.Reserves
136,831.
-13541
3.Unappropriated profit/loss
-62069
4.Others
B.Total liabilities (B1 + B2)
7,649,150.
1.Current liabilities
6,040,538.
2.Non-current liabilities
1,608,612.
C.Total assets (C1+C2)
9,831,396.
1.Current assets (a + b)
6,997,249.
a.Cash and banks balances
849,863.
b.Other current assets
6,147,386.
2.Non-current assets (a + b + c)
2,834,147.
a.Fixed assets
112,052.
b.Long-term investments
2,310,472.
c.Other non-current assets
411,623.
D.Profit & loss account
1.Gross revenue
764,137.
2.Administartive & operating expenses
234,108.
3.Operating profit
530,029.
4.Finance cost
571,086.
-45637
5.Profit/(loss) before taxation
-6386
6.Profit/(loss) after taxation
E.Other items
1.No. of shares
212,102.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-368225
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
-.28%
2.Return on capital employed (ROCE) (D5/(C-B1))
-1.2%
3.Return on assets (ROA) (D6/C)
-.06%
4.Return on revenue (ROR) (D6/D1)
-.84%
5.Operating expenses to net income (D2/D6)
-3,665.96%
6.Earning per share (D6/E1)
-.03
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
1.16
2.Total liabilities to total assets (B/C) (times)
.78
3.Long term investment to total assets (C2b/C)
23.5%
H.Capital /leverage ratios
1.Capital ratio (A/C)
22.83%
2.Break up value per share (A/E1)
10.58
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) 57.66

103

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
1,869,229.
1,383,636.
1,112,063.
1,158,179.
2,121,025.
2,121,025.
2,121,025.
2,121,025.
136,831.
115,145.
115,145.
115,145.
-388627
-852534
-1124107
-1077991
-1767
-38096
-55489
-37372
4,681,192.
7,170,566.
8,258,383.
3,259,742.
3,991,601.
6,552,288.
7,799,232.
2,867,370.
689,591.
618,278.
459,151.
392,372.
6,548,654.
8,516,106.
9,314,957.
4,380,549.
4,018,714.
6,433,626.
8,673,144.
3,527,189.
112,664.
216,618.
138,606.
182,851.
3,906,050.
6,217,008.
8,534,538.
3,344,338.
2,529,940.
2,082,480.
641,813.
853,360.
88,449.
188,030.
151,764.
151,837.
1,293,943.
1,392,615.
22,932.
26,179.
1,147,548.
501,835.
467,117.
675,344.
769,368.
1,047,236.
923,231.
609,533.
208,593.
423,043.
380,537.
287,174.
560,775.
624,193.
545,694.
322,359.
643,352.
705,419.
873,001.
565,336.
-450654
-399790
-208767
-806437
-271618
-603884
375,086. -164268
212,102.
0.0
0.0
157,909.

212,102.
212,103.
212,103.
0.0
0.0
0.0
0.0
0.0
0.0
-494834
676,242. -622551

20.07%
-17.62%
5.73%
48.75%
55.61%
1.77

-11.87%
-20.36%
-1.93%
-15.69%
-257.53%
-.77

-24.42%
-13.77%
-2.92%
-29.42%
-140.1%
-1.28

-52.14%
-53.29%
-13.79%
-99.07%
-47.55%
-2.85

1.01
.71
19.76%

.98
.84
16.35%

1.11
.89
.25%

1.23
.74
.6%

28.54%
8.81

16.25%
6.52

11.94%
5.24

26.44%
5.46

.42

-4.12

2.29

.82

Financial Statement Analysis of Financia

Invest Capital Investment Bank Ltd.


2008
Items
A.Total equity (A1 to A3)
380,238.
1.Share capital
746,424.
-347924
2.Reserves
-18262
3.Unappropriated profit/loss
4.Others
190,476.
B.Total liabilities (B1 + B2)
1,457,526.
1.Current liabilities
1,456,235.
2.Non-current liabilities
1,291.
C.Total assets (C1+C2)
2,028,240.
1.Current assets (a + b)
1,646,427.
a.Cash and banks balances
59,435.
b.Other current assets
1,586,992.
2.Non-current assets (a + b + c)
381,813.
a.Fixed assets
159,020.
b.Long-term investments
189,738.
c.Other non-current assets
33,055.
D.Profit & loss account
1.Gross revenue
298,511.
2.Administartive & operating expenses
211,663.
3.Operating profit
86,848.
4.Finance cost
88,794.
-4521
5.Profit/(loss) before taxation
-19468
6.Profit/(loss) after taxation
E.Other items
1.No. of shares
74,642.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-380013
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
-.05%
2.Return on capital employed (ROCE) (D5/(C-B1))
-.01%
3.Return on assets (ROA) (D6/C)
-.01%
4.Return on revenue (ROR) (D6/D1)
-.07%
5.Operating expenses to net income (D2/D6)
-10.87%
6.Earning per share (D6/E1)
-.26
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
1.13
2.Total liabilities to total assets (B/C) (times)
.72
3.Long term investment to total assets (C2b/C)
.09%
H.Capital /leverage ratios
1.Capital ratio (A/C)
.19%
2.Break up value per share (A/E1)
5.09
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) 19.52

104

2012

inancial Statement Analysis of Financial Sector

2009
2010
853,716.
214,273.
2,727,669.
2,848,669.
-2022076
-2022076
148,123. -612320
144,871.
17,189.
6,848,396.
4,841,876.
4,779,208.
3,896,071.
2,069,188.
945,805.
7,846,983.
5,073,338.
5,073,978.
3,686,464.
248,332.
75,318.
4,825,646.
3,611,146.
2,773,005.
1,386,874.
946,976.
463,409.
175,439.
128,543.
1,650,590.
794,922.

(Thousand Rupees)
2011
2012
-299028
-289723
2,848,669.
2,848,669.
-2022076
-2022076
-1125621
-1116316
9,259.
9,258.
3,677,196.
2,468,157.
2,997,097.
1,991,616.
680,099.
476,541.
3,387,427.
2,187,692.
2,531,467.
1,671,211.
15,341.
62,199.
2,516,126.
1,609,012.
855,960.
516,481.
310,817.
199,006.
112,882.
84,906.
432,261.
232,569.

126,349.
636,391.
215,467.
-239922
612,798.
228,676.
366,271.
23,593. -13209
-60849
561,067.
325,595.
-435909
175,970. -717297
-436621
165,350. -761121

190,148.
156,939.
33,209.
110,536.
10,982.
9,305.

272,767.
0.0
0.0
374,906.

284,867.
0.0
0.0
554,605.

284,867.
284,867.
0.0
0.0
0.0
0.0
105,597. -123566

19.37%
5.74%
2.11%
130.87%
-145.1%
.61

-355.21%
-60.93%
-15.%
-119.6%
-80.51%
-2.67

146.01%
-111.68%
-12.89%
-202.64%
-52.37%
-1.53

-3.21%
5.6%
.43%
4.89%
1,686.61%
.03

1.06
.87
2.24%

.95
.95
2.53%

.84
1.09
3.33%

.84
1.13
3.88%

10.88%
3.13

4.22%
.75

-8.83%
-1.05

-13.24%
-1.02

2.27

-.73

-.24

-13.28

Financial Statement Analysis of Financia

Security Investment Bank Ltd.


2008
Items
A.Total equity (A1 to A3)
680,706.
1.Share capital
514,336.
2.Reserves
139,650.
3.Unappropriated profit/loss
26,720.
-376279
4.Others
B.Total liabilities (B1 + B2)
627,119.
1.Current liabilities
620,833.
2.Non-current liabilities
6,286.
C.Total assets (C1+C2)
931,546.
1.Current assets (a + b)
699,235.
a.Cash and banks balances
26,255.
b.Other current assets
672,980.
2.Non-current assets (a + b + c)
232,311.
a.Fixed assets
4,919.
b.Long-term investments
151,220.
c.Other non-current assets
76,172.
D.Profit & loss account
1.Gross revenue
192,045.
2.Administartive & operating expenses
31,435.
3.Operating profit
160,610.
4.Finance cost
0.0
5.Profit/(loss) before taxation
26,828.
6.Profit/(loss) after taxation
26,619.
E.Other items
1.No. of shares
51,434.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-27543
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
.04%
2.Return on capital employed (ROCE) (D5/(C-B1))
.09%
3.Return on assets (ROA) (D6/C)
.03%
4.Return on revenue (ROR) (D6/D1)
.14%
5.Operating expenses to net income (D2/D6)
1.18%
6.Earning per share (D6/E1)
.52
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
1.13
2.Total liabilities to total assets (B/C) (times)
.67
3.Long term investment to total assets (C2b/C)
.16%
H.Capital /leverage ratios
1.Capital ratio (A/C)
.73%
2.Break up value per share (A/E1)
13.24
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) -1.04

105

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
488,012.
511,929.
518,022.
522,279.
514,336.
514,336.
514,336.
514,336.
139,650.
141,611.
142,123.
142,682.
-165974
-144018
-138437
-134739
-37333
-45313
-47431
-17708
508,819.
296,883.
392,895.
390,455.
500,880.
296,883.
392,895.
390,455.
7,939.
0.0
0.0
0.0
959,498.
763,499.
863,486.
895,026.
738,195.
632,472.
738,640.
776,810.
28,117.
7,664.
14,180.
35,530.
710,078.
624,808.
724,460.
741,280.
221,303.
131,027.
124,846.
118,216.
3,630.
1,813.
1,749.
1,496.
151,141.
51,062.
50,983.
86,904.
66,532.
78,152.
72,114.
29,816.
64,289.
27,399.
36,890.
0.0
-202728
-192693

88,186.
33,842.
54,344.
45,637.
8,708.
13,204.

68,048.
32,112.
35,936.
29,409.
6,526.
6,093.

85,279.
32,910.
52,369.
48,098.
4,272.
4,256.

51,434.
51,434.
51,434.
0.0
0.0
0.0
0.0
0.0
0.0
-31171
-168174
-41234

51,434.
0.0
0.0
11,708.

-39.49%
-44.2%
-20.08%
-299.73%
-14.22%
-3.75

2.58%
1.87%
1.73%
14.97%
256.3%
.26

1.18%
1.39%
.71%
8.95%
527.03%
.12

.81%
.85%
.48%
4.99%
773.26%
.08

1.47
.53
15.75%

2.13
.39
6.69%

1.88
.46
5.9%

1.99
.44
9.71%

50.86%
9.49

67.05%
9.95

59.99%
10.07

58.35%
10.15

.16

-12.74

-6.77

2.75

Financial Statement Analysis of Financia

Trust Investment Bank Ltd.


2008
Items
A.Total equity (A1 to A3)
1,095,609.
1.Share capital
585,529.
2.Reserves
267,758.
3.Unappropriated profit/loss
242,322.
-270341
4.Others
B.Total liabilities (B1 + B2)
7,106,813.
1.Current liabilities
4,776,224.
2.Non-current liabilities
2,330,589.
C.Total assets (C1+C2)
7,932,081.
1.Current assets (a + b)
3,510,993.
a.Cash and banks balances
93,289.
b.Other current assets
3,417,704.
2.Non-current assets (a + b + c)
4,421,088.
a.Fixed assets
157,284.
b.Long-term investments
3,420,843.
c.Other non-current assets
842,961.
D.Profit & loss account
1.Gross revenue
949,051.
2.Administartive & operating expenses
193,656.
3.Operating profit
755,395.
4.Finance cost
538,473.
5.Profit/(loss) before taxation
66,124.
6.Profit/(loss) after taxation
149,783.
E.Other items
1.No. of shares
58,553.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-1211474
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
13.67%
2.Return on capital employed (ROCE) (D5/(C-B1))
2.1%
3.Return on assets (ROA) (D6/C)
1.89%
4.Return on revenue (ROR) (D6/D1)
15.78%
5.Operating expenses to net income (D2/D6)
129.29%
6.Earning per share (D6/E1)
2.56
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
.74
2.Total liabilities to total assets (B/C) (times)
.9
3.Long term investment to total assets (C2b/C)
43.13%
H.Capital /leverage ratios
1.Capital ratio (A/C)
13.81%
2.Break up value per share (A/E1)
18.71
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) -8.09

106

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
380,731. -24562
96,386. -961542
585,529.
892,029.
892,029.
892,029.
267,759.
267,758.
301,031.
301,031.
-472557
-1184349
-1096674
-2154602
-220625
72,656.
27,676.
19,373.
6,315,225.
5,858,092.
5,236,841.
4,787,148.
4,243,904.
4,047,642.
3,588,599.
3,920,159.
2,071,321.
1,810,450.
1,648,242.
866,989.
6,475,331.
5,906,186.
5,360,903.
3,844,979.
4,277,208.
3,803,392.
3,790,853.
2,665,782.
158,792.
143,195.
29,298.
10,472.
4,118,416.
3,660,197.
3,761,555.
2,655,310.
2,198,123.
2,102,794.
1,570,050.
1,179,197.
110,710.
331,607.
264,732.
450,342.
162,976.
59,662.
55,906.
64,336.
1,924,437.
1,711,525.
1,249,412.
664,519.
694,857.
451,182.
173,142.
183,700.
521,715.
267,482.
875,119.
685,568.
-976389
-904575
-715226
-701808

560,235.
241,366.
155,028.
151,265.
33,774.
11,594.
585,774.
549,769.
54,364. -1018345
37,250. -1020374

58,553.
0.0
0.0
660,426.

89,203.
0.0
0.0
312,103.

89,203.
0.0
0.0
13,878.

89,203.
0.0
0.0
371,630.

-187.86%
-43.76%
-11.05%
-102.93%
-24.21%
-12.22

2,857.29%
-48.67%
-11.88%
-155.55%
-26.18%
-7.87

38.65%
3.07%
.69%
6.65%
416.18%
.42

106.12%
1,354.54%
-26.54%
-422.75%
-14.82%
-11.44

1.01
.98
2.52%

.94
.99
1.01%

1.06
.98
1.04%

.68
1.25
1.67%

5.88%
6.5

-.42%
-.28

1.8%
1.08

-25.01%
-10.78

-.92

-.44

.37

-.36

UTUAL UNDS
F

ERFORMANCE AT A

(C
G

LANCE

Balance sheet size of Mutual Funds contracted by 6.1 percent in FY12 over FY

decreased from Rs. 25.9 billion in FY11 to Rs. 24.3 billion in FY12. Net income w
FY12 as compared to Rs. 4.3 billion in FY11.
A

NALYSIS OF B
ALANCE HEET OMPONENTS

Total equity of mutual funds witnessed a


decrease of Rs. 1.8 billion or 8.6 percent
in FY12 over FY11. Total assets
decreased from Rs. 25.9 billion in FY11
to Rs. 24.3 billion in FY12 showing a
decrease of 6.1 percent over FY11.
Analysis revealed that around 86.8
percent of total assets was in form of
investments as compared to 90.6 percent
in FY11.
Certificate holders
equity
6.7 percent and reserves by 22.4 percent
in FY12 over FY11.Cash and bank
balances increased from Rs. 1.8 billion in
FY11 to Rs. 2.3 billion in FY12,
registering an increase of 23.4 percent
over FY11. Investment decreased from

Rs. 23.4 billion in FY11 to Rs. 21.1


billion in FY12.Certificate holders equity
decreased from Rs. 19.3 billion in FY11 to Rs. 18.0 billion in FY12.The two other
equity
reserves
and un
-appropriated loss also deterioate
decreased from Rs. 2.1 billion in FY11 to Rs. 1.6 billion in FY12; a decrease of ar
Un-appropriated loss witnessed an increase of about 2.4 percent in FY12 over FY

Financial Statement Analysis of Financial Sector

LOSE NDED
E

by 6.1 percent in FY12 over FY11. Total assets

4.3 billion in FY12. Net income was Rs. 2.6 billion in

Components of Balance Sheet


30
25
20
15
10
5
0

Billion Rs.

-900.%

Total Equity
FY 11
FY 12
Growth

Total
Liabilities

20.7
18.9
-900.%

declined by

.6
.8
3,500.%

Major Components of Assets


30.
25.

.6

.9

23.4

21.1

1.8

2.3

20.
15.
Billion Rs.
10.
5.
0.0
FY 11

8.0 billion in FY12.The two other components of


appropriated loss also deterioated during the year
under review. Reserves
billion in FY12; a decrease of around 22.4 percent.
bout 2.4 percent in FY12 over FY11.

107

FY 12

2012

of Financial Sector

of Balance Sheet
3,500.%
-600.%

5,000.%
2,000.%
-1,000.%
-4,000.%
-7,000.%
-10,000.%

Total Assets
25.9
24.3
-600.%

onents of Assets

others
Investments
Cash & Bank Bal.

NALYSIS OF P
ROFITABILITY

On income side, total income


decreased from Rs. 5.0 billion in

Billion Rs.

FY11 to Rs.3.3 billion in FY12,


registering a decrease of around 34.7
percent. Income has mainly been
generated through dividend income

FY 11
FY 12
Growth

and capital gains.Dividend income


which was Rs. 1.4 billion in FY11
decreased to Rs. 1.3 billion in FY12.

1.

.5

During FY12, 65.5 percent of totalBillion Rs.


expenses constituted remuneration to
management/
investment adviser

0.0
Others

while in FY11 it was around 73.0


percent. Return on assets (ROA) 10,000.%
decreased in FY12 to 10.67 percent9,000.%
8,000.%
7,000.%

as compared to 16.71 percent in


6,000.%
5,000.%

FY11. Return on revenue (ROR) also


4,000.%
3,000.%

decreased from 86.20 percent in


2,000.%
1,000.%

FY11 to 79.24 percent in FY12.


0.0%

108

2012

Financial Statement Analysis of Financial Sector

Major Sources of Income


0.0%
-500.%
-1,000.%
-1,500.%
-2,000.%
-2,500.%
-3,000.%
-3,500.%
-4,000.%
-4,500.%
-50% -50%

6.
-800.%
-1,500.%

5.
4.
3.
2. -3,500.%
1.
0.0 Total
Income

Interest
Income
5.
3.3

-3,500.%

Dividend
Income
.5
.5

-1,500.%

Other
Income
1.4
1.3

-800.%

3.1
1.6
-5,000.%

Composition of Expenses

.02
.14

.03
.18

.54

.48

FY 11
FY 12
Admin. & General Expenses

Management Co. Fee

Profitability/Efficiency Ratios
86.2%
79.2%
73.%
65.5%

FY 11
FY 12
16.7% 10.7%

ROR

ROA

MER

Financial Statement Analysis of Financia

Mutual Fund Companies - Overall


Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

2008
44,087,199.
31,455,897.
3,853,662.
8,777,640.
5,162,631.
607,003.
148,037.
458,966.
49,856,833.
5,340,247.
43,359,823.
1,156,763.
1,518,537.
781,834.
1,758,182.
-15000
2,066,257.
-3376571
267,513.
36,322.
1,449,582.
1,141,061.
45,480.
36,584.
201,774.
24,683.
68,955.
3,205,297.
N/A
N/A
-2120718
-67.27%
-.99%
4.54%
.14%
78.72%
9.81
.02
10.71%
1.22%
63.09%
-30.76
109

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
26,147,432. 25,501,548. 20,702,164. 18,915,952.
30,670,643. 27,991,275. 19,278,186. 17,982,787.
1,470,976.
2,010,049.
2,116,202.
1,641,820.
-5994187
-4499776
-692224
-708655
4,310,912.
4,653,700.
4,587,609.
4,597,282.
510,262.
1,041,484.
566,053.
764,055.
109,447.
1,305,019.
47,052.
51,268.
400,815. -263535
519,001.
712,787.
30,968,606. 31,196,732. 25,855,826. 24,277,289.
3,898,511.
2,680,736.
1,847,173.
2,279,109.
25,980,030. 26,820,367. 23,432,320. 21,073,678.
1,090,065.
1,695,629.
576,333.
924,502.
-12401221
4,071,221.
5,012,055.
3,270,507.
833,365.
828,552.
548,862.
464,914.
1,566,546.
1,180,212.
1,363,218.
1,253,632.
3,566.
0.0
0.0
0.0
-4529115
935,685.
920,399.
412,914.
-5888409
-1360940
461,407.
413,257.
-4045573
2,463,123.
1,734,608.
775,138.
-341601
-49348
24,589. -16439
1,593,046.
1,073,612.
691,772.
678,986.
684,830.
664,963.
505,178.
444,878.
33,104.
31,607.
23,752.
22,288.
11,325.
16,462.
8,794.
8,613.
847,159.
336,536.
135,573.
175,333.
16,628.
24,044.
18,475.
27,874.
-13994267
2,997,609.
4,320,283.
2,591,521.
3,143,114.
2,872,868.
2,003,867.
1,874,328.
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-632206
1,321,816.
1,105,290.
2,738,095.
119.35%
-.03%
112.85%
-45.19%
42.99%
9.76
-4.45

50.66%
0.0
73.63%
9.61%
61.94%
9.74
1.04

61.85%
0.0
86.2%
16.71%
73.03%
9.62
2.16

47.45%
0.0
79.24%
10.67%
65.52%
9.59
1.38

12.59%
1.65%

8.59%
3.34%

7.14%
2.19%

9.39%
3.15%

99.04%

89.73%

74.56%

74.07%

.05

.44

.26

1.06

Financial Statement Analysis of Financia

Asian Stocks Fund Ltd.


Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

2008
795,973.
900,000.
17,795.
-121822
0.0
14,883.
1,493.
13,390.
810,856.
26,068.
748,744.
36,044.
35,503.
0.0
25,558.
0.0
-2050
0.0
0.0
11,995.
25,732.
17,799.
0.0
0.0
4,616.
3,317.
9,771.
90,000.
0.0
0.0
-186085
28.01%
0.0
27.52%
1.21%
69.17%
10.
.11
3.21%
1.84%
110.99%
-19.04
110

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
488,553.
634,569.
645,077.
745,644.
900,000.
900,000.
900,000.
900,000.
-62351
0.0
0.0
0.0
-349096
-265431
-254923
-154356
0.0
0.0
0.0
0.0
2,027.
5,160.
2,545.
3,070.
838.
1,050.
1,089.
1,445.
1,189.
4,110.
1,456.
1,625.
490,580.
639,729.
647,622.
748,714.
2,805.
97,700.
2,923.
59,586.
485,037.
536,162.
635,911.
682,761.
2,738.
5,867.
8,788.
6,367.
-138533

101,444.
0.0
11,488.
22,062.
15,503.
0.0
0.0
-162473
116,881.
0.0 -42429
0.0
0.0
1,878.
1.
77,166.
20,354.
10,744.
13,101.
699.
656.
0.0
0.0
65,490.
6,580.
233.
17.
-215699
81,090.

101,012.
12,669.
26,510.
0.0
42,745.
19,065.
0.0
23.
16,704.
13,179.
601.
1,216.
1,708.
0.0
84,308.

177,934.
3,437.
37,033.
0.0
27,078.
110,386.
0.0
0.0
17,967.
14,485.
634.
1,347.
1,501.
0.0
159,967.

90,000.
90,000.
8.2%
6.6%
0.0
0.0
94,895. -94777

90,000.
6.%
0.0
56,663.

115.93%
0.0
155.7%
-43.97%
13.92%
10.
-2.4

73.39%
0.0
79.94%
12.68%
64.37%
10.
.9

61.21%
0.0
83.46%
13.02%
78.9%
10.
.94

77.26%
0.0
89.9%
21.37%
80.62%
10.
1.78

.57%
.41%

15.27%
.81%

.45%
.39%

7.96%
.41%

183.46%

140.68%

138.97%

120.21%

.11

1.17

-1.12

.35

90,000.
0.0
0.0
-24263

Financial Statement Analysis of Financia

Atlas Fund of Funds


Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

2008
592,196.
525,000.
0.0
67,196.
0.0
8,298.
2,314.
5,984.
600,494.
76,653.
512,303.
11,538.
45,705.
10,961.
49,212.
0.0
9,327.
-23795
0.0
0.0
17,784.
14,303.
958.
839.
1,684.
0.0
27,921.
52,500.
0.0
0.0
34,852.
-31.66%
0.0
61.09%
4.65%
80.43%
10.
.53
12.76%
1.38%
87.43%
1.25
111

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
282,816.
348,806.
472,946.
483,442.
525,000.
525,000.
525,000.
525,000.
0.0
0.0
0.0
0.0
-242184
-176194
-52054
-41558
-157
-3377
-38414
-59789
2,506.
5,913.
9,646.
8,404.
690.
551.
679.
576.
1,816.
5,362.
8,967.
7,828.
285,165.
351,342.
444,178.
432,057.
55,973.
34,072.
16,087.
11,509.
226,189.
306,439.
419,914.
409,173.
3,003.
10,831.
8,177.
11,375.
-258159
5,813.
18,348.
0.0
-11908
-270412
0.0
0.0
11,847.
10,136.
629.
160.
922.
0.0
-270006

77,754.
3,166.
12,944.
0.0
5,848.
55,002.
0.0
794.
11,763.
8,340.
636.
175.
2,612.
0.0
65,991.

147,383.
5,483.
38,110.
0.0
27,367.
66,914.
0.0
9,509.
12,542.
6,960.
740.
227.
4,615.
0.0
134,841.

90,620.
3,272.
32,055.
0.0
15,862.
39,231.
0.0
200.
13,165.
7,220.
752.
173.
5,020.
0.0
77,455.

52,500.
52,500.
0.0
2.2%
0.0
0.0
22,601. -15802

52,500.
15.%
0.0
20,977.

52,500.
9.%
0.0
83,240.

109.36%
0.0
104.59%
-94.68%
85.56%
10.
-5.14

79.28%
0.0
84.87%
18.78%
70.9%
10.
1.26

70.42%
0.0
91.49%
30.36%
55.49%
10.
2.57

61.02%
0.0
85.47%
17.93%
54.84%
10.
1.48

19.63%
.88%

9.7%
1.68%

3.62%
2.17%

2.66%
1.95%

184.1%

149.43%

118.2%

121.51%

-.08

-.24

.16

1.07

Financial Statement Analysis of Financia

First Capital Mutual Fund Ltd.


Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

2008
337,605.
300,000.
0.0
37,605.
0.0
10,964.
7,436.
3,528.
348,569.
8,752.
336,537.
3,280.
-30743
0.0
13,650.
0.0
23,516.
-71012
0.0
3,103.
10,847.
7,436.
406.
0.0
0.0
3,005.
-41590
35,000.
0.0
0.0
-12043
144.4%
0.0
135.28%
-11.93%
68.55%
8.57
-1.19
2.51%
3.15%
86.07%
.29
112

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
203,306.
231,229.
257,219.
277,799.
300,000.
300,000.
300,000.
300,000.
0.0
0.0
0.0
0.0
-96694
-68771
-42781
-22201
0.0
0.0
0.0
0.0
6,952.
13,857.
16,081.
8,428.
4,144.
4,879.
5,009.
5,297.
2,808.
8,978.
11,072.
3,131.
210,258.
245,086.
273,300.
286,227.
7,954.
70,443.
36,187.
5,656.
195,890.
172,919.
232,307.
280,234.
6,414.
1,724.
4,806.
337.
-126751
42,193.
42,219.
34,024.
1,365.
3,981.
10,231.
14,309.
13,090.
10,125.
12,126.
11,984.
0.0
0.0
0.0
0.0
-98205
37,839.
21,975.
13,224.
-43001
-9752
-2692
-5493
0.0
0.0
0.0
0.0
0.0
0.0
579.
0.0
7,070.
13,257.
13,486.
12,783.
4,144.
4,879.
5,009.
5,297.
364.
1,444.
1,465.
1,302.
0.0
0.0
461.
482.
2,562.
6,934.
6,551.
5,702.
0.0
0.0
0.0
0.0
-133821
28,936.
28,733.
21,241.
30,000.
0.0
0.0
-797303

30,000.
30,000.
30,000.
0.0
0.0
6.5%
0.0
0.0
0.0
-30531
62,488. -34256

111.4%
0.0
105.58%
-63.65%
58.61%
10.
-4.46

66.57%
0.0
68.58%
11.81%
36.8%
10.
.96

47.05%
0.0
68.06%
10.51%
37.14%
10.
.96

22.72%
0.0
62.43%
7.42%
41.44%
10.
.71

3.78%
3.31%

28.74%
5.65%

13.24%
5.88%

1.98%
2.94%

142.68%

122.41%

109.77%

104.81%

5.96

2.16

-1.19

-1.44

Financial Statement Analysis of Financia

First Dawood Mutual Fund


Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

2008
752,467.
580,750.
0.0
171,717.
0.0
6,590.
1,830.
4,760.
759,057.
35,295.
709,017.
14,745.
67,386.
19,903.
12,421.
0.0
0.0
-105574
130,808.
9,828.
31,839.
24,113.
1,118.
4,940.
1,668.
0.0
35,547.
58,075.
0.0
0.0
9,435.
52.03%
0.0
52.75%
4.68%
75.73%
10.
.61
4.65%
.87%
76.51%
.27
113

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
520,984.
484,679.
549,713.
495,748.
580,750.
580,750.
580,750.
580,750.
0.0
0.0
0.0
0.0
-59766
-96071
-31037
-85002
0.0
0.0
0.0
0.0
4,115.
2,675.
4,194.
7,306.
1,289.
768,377.
935.
934.
2,826. -765702
3,259.
6,372.
525,099.
487,354.
553,907.
503,054.
25,610.
57,811.
26,310.
16,807.
473,076.
413,327.
515,057.
476,041.
26,413.
16,216.
12,540.
10,206.
-198915
-17159
80,291. -19252
39,950.
35,148.
31,016.
45,881.
11,167.
11,924.
9,222.
7,895.
0.0
0.0
0.0
0.0
-59275
0.0
10,144. -4144
-122098
-74375
44,197. -13753
-127934
0.0
0.0
0.0
0.0
0.0
0.0
0.0
20,953.
19,147.
15,257.
15,548.
17,389.
13,613.
10,753.
10,348.
939.
890.
903.
888.
1,415.
3,198.
788.
1,231.
1,210.
1,446.
2,813.
3,081.
0.0
0.0
0.0
0.0
-219868
-36306
65,034. -34800
58,075.
0.0
0.0
-9684

58,075.
58,075.
58,075.
0.0
3.3%
0.0
0.0
0.0
0.0
-9503
32,200. -31501

125.7%
0.0
110.53%
-41.87%
82.99%
10.
-3.79

374.33%
0.0
211.59%
-7.45%
71.1%
10.
-.63

49.88%
0.0
81.%
11.74%
70.48%
10.
1.12

379.33%
0.0
180.76%
-6.92%
66.56%
10.
-.6

4.88%
.78%

11.86%
.55%

4.75%
.76%

3.34%
1.45%

110.6%

119.16%

104.85%

115.44%

.04

-.89

-.48

.27

Financial Statement Analysis of Financia

Golden Arrow Selected Stocks Fund Ltd.


Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

2008
1,237,941.
675,993.
21,499.
540,449.
0.0
34,883.
2,086.
32,797.
1,272,824.
56,208.
1,203,832.
12,784.
70,037.
14,242.
48,723.
0.0
0.0
112,428.
-105356
0.0
34,846.
25,768.
812.
6,206.
2,060.
0.0
35,191.
122,907.
0.0
0.0
54,851.
10.1%
0.0
50.25%
2.76%
73.95%
5.5
.29
4.42%
2.74%
53.11%
1.56
114

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
831,434.
968,463.
767,225.
763,012.
760,492.
760,492.
760,492.
760,492.
9,751.
6,175.
6,733.
2,520.
61,191.
201,796.
0.0
0.0
0.0
0.0
195,843.
371,934.
13,663.
13,611.
49,883.
25,117.
1,575.
2,095.
2,161.
1,824.
12,088.
11,516.
47,722.
23,293.
845,097.
982,074.
1,012,951.
1,160,063.
280,115.
9,898.
10,047.
14,569.
545,849.
968,766.
936,117.
1,136,933.
19,133.
3,410.
66,787.
8,561.
-374128
179,751.
150,680.
29,419.
25,792.
8,422.
39,639.
43,545.
48,649.
0.0
0.0
0.0
0.0
0.0
0.0
-238469
-64499
-10459
-207810
174,913.
102,727.
3,093.
0.0
1,341.
20,631.
39,146.
27,349.
16,560.
20,095.
19,661.
465.
705.
590.
1,753.
5,491.
598.
1,853.
12,855.
6,500.
0.0
0.0
0.0
-394759
140,605.
123,331.
152,098.
152,098.
0.0
0.0
0.0
0.0
234,138. -280172

323,130.
4,682.
54,725.
0.0
0.0
93,989.
169,734.
0.0
32,965.
18,157.
632.
812.
13,364.
0.0
290,165.

152,098.
15.%
0.0
127,864.

152,098.
24.%
0.0
117,039.

118.46%
0.0
105.51%
-46.71%
80.27%
5.
-2.6

61.43%
0.0
78.22%
14.32%
51.33%
5.
.92

62.12%
0.0
81.85%
12.18%
71.89%
5.
.81

81.62%
0.0
89.8%
25.01%
55.08%
5.
1.91

33.15%
1.62%

1.01%
1.39%

.99%
4.92%

1.26%
2.17%

89.99%

77.44%

75.08%

65.56%

-.59

-1.99

1.04

.4

Financial Statement Analysis of Financia

JS Growth Fund
Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

2008
5,174,398.
3,180,044.
506,438.
1,487,916.
87,827.
118,896.
9,510.
109,386.
5,381,121.
336,439.
5,006,067.
38,615.
-269699
50,525.
195,864.
0.0
-18642
-497446
0.0
0.0
149,884.
116,534.
4,259.
5,827.
18,160.
5,104.
-419583
318,004.
0.0
0.0
-646759
191.36%
0.0
155.57%
-7.8%
77.75%
10.
-1.32
6.25%
2.21%
59.1%
1.54
115

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
2,892,841.
2,760,140.
3,180,705.
3,392,424.
3,180,044.
3,180,044.
3,180,044.
3,180,045.
506,438.
506,438.
506,438.
506,437.
-793641
-926342
-505777
-294058
-469
-156869
135,436. -145936
62,417.
62,544.
67,011.
74,889.
5,304.
968.
714.
5,888.
57,113.
61,576.
66,297.
69,001.
2,954,789.
2,958,120.
3,101,780.
3,310,444.
704,134.
738,045.
82,152.
844,843.
2,224,507.
2,188,255.
2,863,246.
2,351,324.
26,148.
31,820.
156,382.
114,277.
-1603098
171,614.
78,858.
71,973.
155,186.
117,566.
0.0
0.0
-840680
134,223.
-996879
-153887
0.0
0.0
417.
1,739.
678,459.
148,063.
62,198.
66,425.
2,722.
2,849.
2,954.
3,155.
608,230.
73,243.
2,355.
2,391.
-2281557
23,551.

733,167.
44,701.
184,340.
0.0
423,338.
80,788.
0.0
0.0
98,287.
61,817.
2,711.
2,936.
26,875.
3,948.
634,880.

582,862.
47,120.
216,929.
0.0
179,599.
139,214.
0.0
0.0
88,875.
57,693.
2,583.
2,712.
22,402.
3,485.
493,987.

318,004.
0.0
0.0
413,864.

315,696.

318,004.
318,005.
205,891. -305737
1,044,355.

114.6%
0.0
142.32%
-77.22%
9.17%
10.
-7.17

-10.44%
0.0
13.72%
.8%
44.86%
10.07
.07

68.76%
0.0
86.59%
20.47%
62.89%
10.
2.

54.7%
0.0
84.75%
14.92%
64.91%
10.
1.55

23.83%
2.11%

24.95%
2.11%

2.65%
2.16%

25.52%
2.26%

107.62%

107.5%

102.52%

96.06%

-.18

8.74

-.48

2.11

11.5%
0.0

Financial Statement Analysis of Financia

JS Value Fund Ltd.


Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

2008
2,654,320.
1,185,750.
10,000.
1,458,570.
347.
23,106.
4,152.
18,954.
2,677,773.
758,217.
1,908,853.
10,703.
922,276.
81,403.
28,134.
0.0
538,761.
273,978.
0.0
0.0
64,271.
50,943.
3,525.
2,547.
6,351.
905.
858,005.
118,575.
0.0
0.0
333,551.
88.12%
0.0
93.03%
32.04%
79.26%
10.
7.24
28.32%
.86%
44.28%
.39
116

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
1,238,901.
1,004,473.
1,205,768.
1,362,727.
1,185,750.
1,185,750.
1,185,750.
1,185,750.
10,000.
10,000.
10,000.
10,000.
43,151. -191277
10,018.
166,977.
-1571
0.0
0.0
0.0
17,763.
16,885.
20,343.
20,854.
1,985.
102.
221.
2,259.
15,778.
16,783.
20,122.
18,595.
1,255,093.
1,021,358.
1,226,111.
1,383,581.
288,313.
79,565.
67,159.
303,541.
959,730.
934,113.
1,148,780.
1,057,723.
7,050.
7,680.
10,172.
22,317.
-1255689
-54766
54,303.
25,588.
43,563.
46,188.
0.0
0.0
-673017
115,167.
-680538
-241709
0.0
0.0
0.0
0.0
41,154.
61,087.
31,125.
24,801.
2,534.
2,218.
0.0
0.0
4,949.
32,610.
2,546.
1,458.
-1296843
-115853

308,390.
12,556.
64,609.
0.0
58,293.
172,932.
0.0
0.0
47,809.
23,312.
2,143.
0.0
20,447.
1,907.
260,581.

217,796.
18,279.
85,068.
0.0
47,886.
66,563.
0.0
0.0
37,121.
24,309.
2,207.
0.0
9,023.
1,582.
180,675.

118,575.
118,575.
10.%
10.%
0.0
0.0
-302428
-109440

118,575.
7.%
0.0
44,966.

118,575.
10.%
0.0
261,008.

107.79%
0.0
103.28%
-103.33%
75.63%
10.
-10.94

231.06%
0.0
211.54%
-11.34%
40.6%
10.
-.98

74.98%
0.0
84.5%
21.25%
48.76%
10.
2.2

52.55%
0.0
82.96%
13.06%
65.49%
10.
1.52

22.97%
1.42%

7.79%
1.65%

5.48%
1.66%

21.94%
1.51%

94.48%

116.1%

96.71%

85.7%

.23

.94

.17

1.44

Financial Statement Analysis of Financia

Meezan Balanced Fund


Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

2008
1,423,683.
1,200,000.
0.0
223,683.
0.0
11,451.
6,851.
4,600.
1,435,134.
10,462.
1,398,691.
25,981.
70,836.
67,825.
38,248.
-15000
67,904.
-88141
0.0
0.0
53,319.
45,271.
1,688.
3,169.
3,191.
0.0
17,517.
120,000.
0.0
0.0
-211039
-49.74%
-21.18%
24.73%
1.22%
84.91%
10.
.15
.73%
.8%
83.62%
-12.05
117

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
1,147,792.
1,276,119.
1,436,138.
1,479,992.
1,200,000.
1,200,000.
1,200,000.
1,200,000.
0.0
0.0
0.0
0.0
-52208
76,119.
236,138.
279,992.
-4949
1,592.
87,294.
55,051.
18,013.
24,105.
18,316.
24,963.
4,488.
2,112.
2,507.
2,920.
13,525.
21,993.
15,809.
22,043.
1,160,856.
1,301,816.
1,541,748.
1,560,006.
144,241.
292,188.
42,186.
72,888.
992,205.
985,810.
1,465,941.
1,470,386.
24,410.
23,818.
33,621.
16,732.
-117193
289,304.
254,036.
292,934.
64,797.
72,337.
89,560.
88,093.
46,319.
60,298.
56,620.
54,712.
0.0
0.0
0.0
0.0
-129163
111,298.
107,302.
160,189.
-99146
54,564.
12,054.
12,871.
0.0
0.0
0.0
0.0
-11500
-22931
0.0 -9193
38,698.
40,977.
28,017.
39,080.
32,550.
31,114.
28,069.
29,108.
1,356.
1,504.
1,596.
1,641.
2,670.
826.
220.
350.
2,122.
7,533. -1868
7,981.
0.0
0.0
0.0
0.0
-155891
248,327.
226,019.
253,854.
120,000.
0.0
0.0
249,207.

120,000.
120,000.
15.5%
19.%
0.0
0.0
260,050. -182020

120,000.
19.%
0.0
235,863.

194.81%
0.0
133.02%
-13.43%
84.11%
10.
-1.3

54.15%
0.0
85.84%
19.08%
75.93%
10.
2.07

42.46%
0.0
88.97%
14.66%
100.19%
10.
1.88

51.25%
0.0
86.66%
16.27%
74.48%
10.
2.12

12.43%
1.55%

22.44%
1.85%

2.74%
1.19%

4.67%
1.6%

103.37%

92.18%

77.83%

76.92%

-1.6

1.05

-.81

.93

Financial Statement Analysis of Financia

NAMCO Balanced Fund


Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

2008
1,011,363.
1,000,000.
11,363.
0.0
7,438.
17,350.
9,750.
7,600.
1,036,151.
33,924.
837,373.
164,854.
16,879.
43,137.
29,021.
0.0
70,164.
-126937
0.0
1,494.
42,086.
32,617.
1,235.
0.0
7,910.
324.
-25207
100,000.
0.0
0.0
-122371
-327.5%
0.0
-149.34%
-2.43%
77.5%
10.
-.25
3.27%
1.67%
96.51%
4.85
118

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
721,808.
671,964.
757,930.
782,285.
1,000,000.
1,000,000.
1,000,000.
1,080,000.
0.0
0.0
0.0
0.0
-278192
-328036
-242070
-297715
0.0
6,197.
8,277.
8,536.
8,661.
15,383.
10,870.
8,978.
3,595.
2,904.
3,735.
1,544.
5,066.
12,479.
7,135.
7,434.
730,469.
693,544.
777,077.
799,799.
24,985.
126,688.
171,524.
70,560.
625,517.
557,838.
597,937.
545,032.
79,967.
9,018.
7,616.
184,207.
-261998
136,606.
113,599.
60,992.
27,373.
37,880.
38,778.
31,523.
31,339.
28,629.
24,130.
24,849.
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-177579
-79417
-47055
-68052
-94701
149,514.
114,162.
88,266.
-48430
-15594
0.0 -16416
27,558.
36,450.
27,632.
36,637.
22,832.
24,423.
22,689.
21,548.
810.
773.
635.
639.
0.0
0.0
127.
270.
3,025.
5,776.
3,470.
12,964.
891.
5,478.
711.
1,216.
-289556
100,156.
85,967.
24,355.
100,000.
0.0
0.0
-41409

100,000.
15.%
0.0
216,295.

100,000.
108,000.
0.0
0.0
8.%
2.1%
45,608. -100964

122.41%
0.0
110.52%
-39.64%
82.85%
10.
-2.9

51.31%
0.0
73.32%
14.44%
67.%
10.
1.

44.62%
0.0
75.68%
11.06%
82.11%
10.
.86

7.57%
0.0
39.93%
3.05%
58.81%
10.
.23

3.42%
1.19%

18.27%
2.22%

22.07%
1.4%

8.82%
1.12%

136.9%

144.19%

128.69%

135.03%

.14

2.16

.53

-4.15

Financial Statement Analysis of Financia

PICIC Energy Fund


Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

2008
1,070,563.
1,000,000.
0.0
70,563.
0.0
12,036.
2,489.
9,547.
1,082,599.
128,035.
939,203.
15,361.
113,925.
13,595.
46,258.
0.0
182,949.
-128877
0.0
0.0
45,372.
33,571.
1,370.
0.0
8,287.
2,144.
68,553.
100,000.
0.0
0.0
-300262
47.46%
0.0
60.17%
6.33%
73.99%
10.
.69
11.83%
1.11%
92.37%
-4.38
119

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
859,159.
925,613.
1,059,643.
992,787.
1,000,000.
1,000,000.
1,000,000.
1,000,000.
0.0
0.0
0.0
0.0
-140841
-74387
59,643. -7213
0.0
0.0
0.0
0.0
12,126.
12,738.
19,130.
19,552.
2,148.
2,314.
1,850.
1,919.
9,978.
10,424.
17,280.
17,633.
871,285.
938,351.
1,078,773.
1,012,339.
48,431.
37,179.
77,090.
12,943.
811,465.
897,764.
994,036.
847,714.
11,389.
3,408.
7,647.
151,682.
-111597
160,159.
7,138.
13,551.
69,072.
46,631.
0.0
0.0
0.0
0.0
-39530
-71109
-148277
171,086.
0.0
0.0
29,807.
41,328.
21,525.
29,382.
1,049.
1,259.
0.0
0.0
5,090.
8,731.
2,143.
1,956.
-141404
118,831.

326,671.
10,600.
88,847.
0.0
0.0
20,660.
206,564.
0.0
36,844.
27,079.
1,323.
405.
7,529.
508.
289,827.

113,973.
5,543.
76,528.
0.0
0.0
3,529.
28,373.
0.0
29,132.
19,118.
1,240.
433.
7,982.
359.
84,841.

100,000.
0.0
0.0
-10768

100,000.
10.%
0.0
37,740.

100,000.
25.%
0.0
188,598.

100,000.
7.5%
0.0
84,975.

168.29%
0.0
126.71%
-16.23%
72.21%
10.
-1.41

62.42%
0.0
74.2%
12.66%
71.09%
10.
1.19

69.56%
0.0
88.72%
26.87%
73.5%
10.
2.9

27.99%
0.0
74.44%
8.38%
65.63%
10.
.85

5.56%
1.39%

3.96%
1.36%

7.15%
1.77%

1.28%
1.93%

114.77%

106.57%

92.7%

98.78%

.08

.32

.65

1.

Financial Statement Analysis of Financia

PICIC Growth Fund


Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

2008
8,291,928.
2,835,000.
3,124,897.
2,332,031.
2,992,500.
109,291.
18,807.
90,484.
11,393,719.
867,546.
10,461,354.
64,819.
-291248
68,340.
465,982.
0.0
184,399.
-1009969
0.0
0.0
307,733.
249,134.
7,603.
0.0
45,795.
5,201.
-598981
283,500.
0.0
0.0
973,177.
283.46%
0.0
205.66%
-5.26%
80.96%
10.
-2.11
7.61%
.96%
24.88%
-1.62
120

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
3,530,357.
3,944,740.
4,764,800.
4,245,074.
2,835,000.
2,835,000.
2,835,000.
2,835,000.
989,777.
1,419,467.
1,395,722.
1,089,638.
-294420
-309727
534,078.
320,436.
2,990,500.
2,992,500.
2,992,500.
2,992,500.
103,569.
196,762.
184,318.
346,537.
10,871.
11,562.
12,929.
13,993.
92,698.
185,200.
171,389.
332,544.
6,624,426.
7,134,002.
7,941,618.
7,584,111.
296,840.
246,157.
453,731.
276,495.
6,281,453.
6,802,156.
7,367,007.
7,059,493.
46,133.
85,689.
120,880.
248,123.
-2176540
769,108.
53,639.
101,587.
442,192.
244,075.
0.0
0.0
0.0
0.0
-673200
-480082
-2013978
903,509.
14,807.
19.
166,411.
206,156.
134,143.
151,707.
4,729.
5,168.
0.0
0.0
23,209.
44,978.
4,330.
4,303.
-2342951
562,952.

1,420,959.
732,127.
65,146.
37,401.
460,178.
415,801.
0.0
0.0
0.0
0.0
44,791. -53416
850,844.
332,341.
0.0
0.0
198,326.
212,450.
155,191.
141,231.
5,255.
4,906.
0.0
0.0
33,501.
61,838.
4,379.
4,475.
1,222,633.
519,677.

283,500.
0.0
0.0
-281691

283,500.
20.%
0.0
511,400.

283,500.
38.%
0.0
560,007.

283,500.
17.5%
0.0
539,800.

122.78%
0.0
107.65%
-35.37%
80.61%
10.
-8.26

55.06%
0.0
73.2%
7.89%
73.59%
10.
1.99

63.03%
0.0
86.04%
15.4%
78.25%
10.
4.31

38.1%
0.0
70.98%
6.85%
66.48%
10.
1.83

4.48%
1.56%

3.45%
2.76%

5.71%
2.32%

3.65%
4.57%

42.8%

39.74%

35.7%

37.38%

.12

.91

.46

1.04

Financial Statement Analysis of Financia

PICIC Investment Fund


Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

2008
2,944,741.
2,841,250.
225.
103,266.
2,121,000.
76,448.
8,442.
68,006.
5,142,189.
425,377.
4,684,995.
31,817.
-107405
37,218.
194,769.
0.0
179,034.
-518426
0.0
0.0
144,199.
111,802.
4,170.
0.0
24,131.
4,096.
-251604
284,125.
0.0
0.0
628,795.
315.99%
0.0
234.26%
-4.89%
77.53%
10.
-.89
8.27%
1.49%
55.25%
-2.5
121

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
1,677,360.
1,828,357.
2,072,994.
1,957,966.
2,841,250.
2,841,250.
2,841,250.
2,841,250.
225.
225.
225.
225.
-1164115
-1013118
-768481
-883509
1,334,801.
1,499,878.
1,499,300.
1,387,141.
74,919.
150,225.
120,220.
196,823.
5,020.
5,547.
5,954.
6,467.
69,899.
144,678.
114,266.
190,356.
3,087,080.
3,478,460.
3,692,514.
3,541,930.
195,804.
187,823.
238,064.
160,891.
2,852,840.
3,248,518.
3,376,328.
3,267,605.
38,436.
42,119.
78,122.
113,434.
-1187175
402,586.
709,473.
347,065.
28,938.
58,058.
36,871.
21,276.
194,800.
126,913.
216,046.
197,514.
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-401392
-269243
-389
-28080
-1017195
486,850.
456,945.
156,355.
7,674.
8.
0.0
0.0
80,206.
103,545.
97,438.
102,036.
62,426.
71,816.
71,887.
64,904.
2,748.
3,029.
3,032.
2,822.
0.0
0.0
0.0
0.0
11,700.
24,805.
17,736.
19,825.
3,332.
3,895.
4,783.
14,485.
-1267381
299,041.
612,035.
245,029.
284,125.
0.0
0.0
-227214

284,125.
10.%
0.0
133,363.

284,125.
20.%
0.0
401,816.

284,125.
8.%
0.0
274,992.

118.85%
0.0
106.76%
-41.05%
77.83%
10.
-4.46

54.05%
0.0
74.28%
8.6%
69.36%
10.
1.05

64.35%
0.0
86.27%
16.58%
73.78%
10.
2.15

36.96%
0.0
70.6%
6.92%
63.61%
10.
.86

6.34%
2.43%

5.4%
4.32%

6.45%
3.26%

4.54%
5.56%

92.04%

81.68%

76.95%

80.22%

.18

.45

.66

1.12

Financial Statement Analysis of Financia

Pak Oman Advantage Fund


Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

2008
1,103,750.
1,000,000.
0.0
103,750.
10,970.
9,190.
7,639.
1,551.
1,123,910.
254,595.
833,058.
36,257.
120,221.
115,526.
0.0
0.0
0.0
1,952.
2,415.
328.
18,273.
13,464.
1,230.
191.
3,353.
35.
101,948.
10,000.
0.0
0.0
38,491.
3.91%
0.0
84.8%
9.07%
73.68%
100.
10.19
22.65%
.82%
88.98%
.38
122

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
1,120,468.
1,128,690.
1,136,053.
1,142,894.
1,000,000.
1,000,000.
1,000,000.
1,000,000.
0.0
0.0
0.0
0.0
120,468.
128,690.
136,053.
142,894.
-36810
-16272
-11255
-1222
7,614.
9,206.
10,737.
11,581.
6,024.
3,438.
2,773.
1,349.
1,590.
5,768.
7,964.
10,232.
1,091,272.
1,121,624.
1,135,535.
1,153,253.
25,386.
317,413.
347,618.
368,179.
1,019,328.
778,421.
760,974.
754,189.
46,558.
25,790.
26,943.
30,885.
126,464.
131,176.
131,632.
130,683.
153,722.
142,207.
144,911.
140,933.
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-13140
-9329
-17329
-659
-14262
-1702
4,050.
1,432.
0.0
0.0
0.0
0.0
144.
0.0
0.0 -11023
19,746.
26,904.
20,499.
22,112.
13,342.
13,478.
13,386.
16,046.
1,328.
1,338.
1,332.
1,361.
108.
210.
277.
394.
4,759.
7,531.
3,265.
2,039.
209.
4,347.
2,239.
2,272.
106,718.
104,272.
111,133.
108,571.
100,000.
9.61%
0.0
-114209

100,000.
10.38%
0.0
388,077.

100,000.
10.17%
0.0
133,975.

100,000.
10.18%
0.0
122,275.

-21.55%
0.0
84.39%
9.78%
67.57%
10.
1.07

-8.41%
0.0
79.49%
9.3%
50.1%
10.
1.04

-10.09%
0.0
84.43%
9.79%
65.3%
10.
1.11

-7.84%
0.0
83.08%
9.41%
72.57%
10.
1.09

2.33%
.7%

28.3%
.82%

30.61%
.95%

31.93%
1.%

91.64%

89.16%

88.06%

86.71%

-1.07

3.72

1.21

1.13

Financial Statement Analysis of Financia

Safeway Mutual Fund Ltd.


Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

2008
884,832.
544,500.
105,678.
234,654.
0.0
7,687.
1,706.
5,981.
892,519.
13,066.
846,114.
33,339.
6,554.
1,427.
31,549.
0.0
110,830.
-144856
0.0
7,604.
28,754.
20,933.
1,471.
1,254.
5,044.
52.
-22200
54,450.
0.0
0.0
-85812
-403.14%
0.0
-338.72%
-2.49%
72.8%
10.
-.41
1.46%
.86%
61.01%
3.87
123

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
533,528.
682,498.
661,979.
768,168.
544,500.
544,500.
544,500.
544,500.
-6435
33,000.
33,000.
33,000.
-4537
104,998.
84,479.
190,668.
0.0
0.0
0.0
0.0
1,934.
2,252.
2,338.
2,737.
915.
1,129.
1,118.
1,464.
1,019.
1,123.
1,220.
1,273.
535,462.
684,750.
664,317.
770,905.
1,381.
100,373.
995.
60,637.
529,901.
579,764.
658,398.
704,901.
4,180.
4,613.
4,924.
5,367.
-170271
130,886.
1,731.
389.
24,816.
18,558.
3,566.
0.0
-112820
148,272.
-89352
-47083
0.0
0.0
1,788.
10,750.
55,308.
21,351.
11,812.
14,119.
804.
687.
573.
671.
41,950.
5,864.
169.
10.
-225579
109,535.
54,450.
0.0
0.0

95,835.
12,249.
27,177.
0.0
45,539.
10,845.
0.0
25.
17,255.
13,800.
613.
656.
2,186.
0.0
78,580.

185,529.
3,165.
38,518.
0.0
29,010.
114,836.
0.0
0.0
18,356.
14,893.
651.
359.
2,453.
0.0
167,173.

54,450.
54,450.
18.2%
0.0
98,992. -99378

54,450.

115.59%
-2.09%
132.48%
-42.13%
21.36%
10.
-4.14

85.52%
0.0
83.69%
16.%
66.13%
10.
2.01

58.86%
0.0
82.%
11.83%
79.98%
10.
1.44

77.53%
0.0
90.11%
21.69%
81.13%
10.
3.07

.26%
.36%

14.66%
.33%

.15%
.35%

7.87%
.36%

101.69%

79.52%

81.96%

70.63%

.04

.9

-1.26

.36

-9069

10.%
0.0
59,642.

Financial Statement Analysis of Financia

Tri-Star Mutual Fund Ltd.


Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

2008
36,231.
50,000.
0.0
-13769
2,645.
2,658.
1,529.
1,129.
41,534.
39.
41,306.
189.
-8315
0.0
20.
0.0
0.0
-8335
0.0
0.0
1,119.
868.
0.0
0.0
251.
0.0
-9434
5,000.
0.0
0.0
832.
100.24%
0.0
113.46%
-22.71%
77.57%
10.
-1.89
.09%
6.4%
120.38%
-.09
124

2012

inancial Statement Analysis of Financial Sector

2009

2010

20,921.
24,006.
50,000.
50,000.
0.0
0.0
-29079
-25994
1,166.
0.0
3,188.
3,398.
2,049.
2,047.
1,139.
1,351.
25,275.
27,404.
7.
38.
24,967.
26,734.
301.
632.
-14613
0.0
119.
0.0
0.0
-14732
0.0
0.0
696.
502.
30.
0.0
163.
1.
-15309
5,000.
0.0
0.0
530.

(Thousand Rupees)
2011
2012
26,659.
25,990.
50,000.
50,000.
0.0
0.0
-23341
-24010
0.0
0.0
4,081.
4,816.
2,551.
3,389.
1,530.
1,427.
30,740.
30,806.
7.
5.
30,100.
30,169.
633.
632.

3,808.
0.0
375.
0.0
0.0
0.0
3,433.
0.0
724.
503.
30.
35.
156.
0.0
3,084.

3,414.
0.0
48.
0.0
0.0
0.0
3,366.
0.0
766.
532.
30.
45.
159.
0.0
2,648. -669

5,000.
0.0
0.0
214. -761

5,000.
0.0
0.0

90.
0.0
21.
0.0
0.0
0.0
69.
0.0
759.
521.
30.
50.
158.
0.0

5,000.
0.0
0.0
-759

100.81%
0.0
104.76%
-60.57%
72.13%
10.
-3.06

90.15%
0.0
80.99%
11.25%
69.48%
10.
.62

98.59%
0.0
77.56%
8.61%
69.45%
10.
.53

76.67%
0.0
-743.33%
-2.17%
68.64%
10.
-.13

.03%
12.61%

.14%
12.4%

.02%
13.28%

.02%
15.63%

197.82%

182.46%

162.65%

162.31%

-.03

.07

-.29

1.13

M
P

ODARABACOMPANIES
ERFORMANCE
G AT A

Modaraba Companies performed well during FY12. Total assets increased from R
FY11 to Rs 29.5 billion in FY12 showing an increase of 12.1 percent. Total equity

increase of 4.0 percent in FY12 over FY11. Profit before and after taxation increa
& 16.2 percent respectively in FY12 over FY11.
A

All major components of the balance sheet, i.e.,


assets, liabilities,
and certificate holders equity
witnessed increase in FY12 over FY11. Total
equity increased from Rs 12.3 billion in FY11
to Rs 12.8 billion in FY12 showing an increase
of 4.0 percent. Total assets Rs at 29.5 billion in
FY12 increased from Rs. 26.4 billion in FY11,
showing an increase of 12.1 percent in FY12.

Reserves increased by 8.1 percent during


FY12. In absolute terms, reserves increased
from Rs. 4.8 billion in FY11 to Rs. 5.1 billion in FY12. Certificate capital increased
FY12 over FY11. Long-term investments increased from Rs 2.3 billion in FY11 to
the current year.
ROFITABILITY AND
P
O
Gross revenue increased from Rs 5.9 billion in
FY11 to Rs 6.8 billion in FY12 recording an
increase of 14.7 percent over FY11. On the
other hand, operating expenses also increased
by 29.7 percent in FY12 over FY11. Operating
profit increased from Rs 4.6 billion to Rs 5.1
billion in FY12, reflecting an increase of 10.5

percent over FY11. Profit before taxation


increased to Rs 1.3 billion in FY12 as compared to Rs 1.2 billion in FY11, recordi

Financial Statement Analysis of Financial Sector

LANCE

12. Total assets increased from Rs. 26.4 billion in


ease of 12.1 percent. Total equity witnessed an

t before and after taxation increased by 16.3 percent

Components of Balance Sheets


35.
30.
25.
20.
15.
10.
5.

Billion Rs.

4.%

0.0 Total
Equity
FY 11
FY 12
Growth

Total
Liabilities
12.3
13.9
12.8
16.1
4.%
15.5%

Y12. Certificate capital increased by 1.7 percent in


sed from Rs 2.3 billion in FY11 to Rs. 2.7 billion in
PERATING FFICIENCY
E
Operating Profit

Operating Expenses

15.
10.
Billion Rs.
0.0

4.6
1.3
5.9

5.
FY 11

to Rs 1.2 billion in FY11, recording an increase of


125

FY 12

2012

15.5%
12.1%

Total
Assets
26.4
29.5
12.1%

Gross Revenue

5.1
1.7
6.8

18.%
16.%
14.%
12.%
10.%
8.%
6.%
4.%
2.%
0.0

Financial Statement Analysis of Financial Sector

16.3 percent in FY12 over FY11. Similarly, profit after taxation also increased from
FY11 to Rs 1.3 billion in FY12 registering an increase of 16.2 percent.
Return on assets (ROA), return on equity (ROE)
and return on capital employed (ROCE)
ROA

witnessed increases in FY12 over FY11. ROA


increased from 4.28 percent in FY11 to 4.43
ROCE

percent in FY12. ROE increased from 9.16


percent to 10.23 percent in FY12.
ROE
Similarly,
(ROCE) also increased from 7.20 percent in
0.0

2.%

FY11 to 7.93 percent in FY12. Breakup value


per certificate increased from Rs 12.62 per certificate to Rs. 12.93 per certificate

126

2012

ment Analysis of Financial Sector

after taxation also increased from Rs 1.1 billion in

ease of 16.2 percent.


FY 12

FY 11
4.43%
4.28%
7.93%
7.2%
10.23%
9.16%
4.%

6.%

icate to Rs. 12.93 per certificate in FY12.

8.%

10.%

12.%

Financial Statement Analysis of Financia

Modaraba Companies - Overall


2008
Items
A.Total equity (A1 to A3)
10,890,240.
1.Certificate capital
7,422,645.
2.Reserves
3,682,816.
-215221
3.Unappropriated profit
4.Others
498,561.
B.Total liabilities (B1 + B2)
17,278,012.
1.Current liabilities
10,139,280.
2.Non-current liabilities
7,138,732.
C.Total assets (C1+C2)
28,666,813.
1.Current assets (a + b)
13,697,734.
a.Cash and banks balances
1,252,489.
b.Other current assets
12,445,245.
2.Non-current assets (a + b + c)
14,969,079.
a.Fixed assets
7,829,977.
b.Long-term investments
4,012,698.
c.Other non-current assets
3,126,404.
D.Profit & loss account
1.Gross revenue(loss)
5,849,848.
2.Operating expenses
1,907,021.
3.Operating profit
3,473,593.
4.Modaraba co's management fees
35,417.
5.Profit/(loss) before taxation
870,025.
6.Profit/(loss) after taxation
852,807.
E.Other items
1.No. of certificates (000)
843,061.
2.Cash dividend
N/A
3.Stock dividend/bonus shares
N/A
-692866
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
7.83%
2.Return on capital employed (ROCE) (D5/(C-B1))
4.7%
3.Return on assets (ROA) (D6/C)
2.97%
4.Return on revenue (D6/D1)
14.58%
5.Operating expenses to net income (D2/D6)
223.62%
6.Management expenses (D4/D2)
1.86%
7.Earning Per Certificate (D6/E1)
1.01
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
1.35
2.Total liabilities to total assets (B/C) (times)
.6
3.Long term investment to total assets (C2b/C)
14.%
H.Capital /leverage ratios
1.Capital ratio (A/C)
37.99%
2.Break up value per certificate (A/E1)
12.92
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) -.81
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -.07

127

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
10,884,303. 11,441,371. 12,306,106. 12,802,384.
8,439,418.
8,439,418.
8,746,249.
8,896,249.
3,579,654.
4,222,106.
4,751,287.
5,134,727.
-1134769
-1220153
-1191430
-1228592
-43741
47,715.
113,519.
642,613.
12,268,904. 13,003,729. 13,939,985. 16,104,496.
7,935,406.
9,445,512. 10,295,595. 12,584,957.
4,333,498.
3,558,217.
3,644,390.
3,519,539.
23,109,466. 24,492,815. 26,359,610. 29,549,493.
9,851,812. 11,249,533. 11,479,593. 11,816,231.
1,012,494.
1,171,444.
1,177,701.
1,452,169.
8,839,318. 10,078,089. 10,301,892. 10,364,062.
13,257,654. 13,243,282. 14,880,017. 17,733,262.
7,126,461.
9,303,864. 11,175,447. 13,359,854.
4,132,557.
2,257,698.
2,258,441.
2,673,393.
1,998,636.
1,681,720.
1,446,129.
1,700,015.
7,018,434.
2,235,409.
4,783,025.
56,255.
1,176,272.
1,164,251.

5,307,416.
1,212,053.
4,098,893.
72,513.
799,640.
780,585.

5,938,195.
1,317,325.
4,620,870.
96,573.
1,156,633.
1,127,182.

6,812,461.
1,707,964.
5,104,497.
98,550.
1,344,595.
1,309,244.

944,739.
944,739.
975,422.
990,422.
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1,786,670.
2,283,871.
1,336,707.
846,023.
10.7%
7.75%
5.04%
16.59%
192.%
2.52%
1.23

6.82%
5.31%
3.19%
14.71%
155.27%
5.98%
.83

9.16%
7.2%
4.28%
18.98%
116.87%
7.33%
1.16

10.23%
7.93%
4.43%
19.22%
130.45%
5.77%
1.32

1.24
.53
17.88%

1.19
.53
9.22%

1.12
.53
8.57%

.94
.55
9.05%

47.1%
11.52

46.71%
12.11

46.69%
12.62

43.33%
12.93

1.53
.23

2.93
.24

1.19
.13

.65
.07

Financial Statement Analysis of Financia

First Al-Noor Modaraba


2008
Items
A.Total equity (A1 to A3)
313,462.
1.Certificate capital
210,000.
2.Reserves
79,628.
3.Unappropriated profit
23,834.
-18622
4.Others
B.Total liabilities (B1 + B2)
34,996.
1.Current liabilities
27,556.
2.Non-current liabilities
7,440.
C.Total assets (C1+C2)
329,836.
1.Current assets (a + b)
205,998.
a.Cash and banks balances
9,568.
b.Other current assets
196,430.
2.Non-current assets (a + b + c)
123,838.
a.Fixed assets
76,032.
b.Long-term investments
43,966.
c.Other non-current assets
3,840.
D.Profit & loss account
1.Gross revenue(loss)
67,348.
2.Operating expenses
9,413.
3.Operating profit
57,935.
4.Modaraba co's management fees
3,589.
5.Profit/(loss) before taxation
32,301.
6.Profit/(loss) after taxation
31,991.
E.Other items
1.No. of certificates (000)
21,000.
2.Cash dividend
10.%
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
7,086.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
10.21%
2.Return on capital employed (ROCE) (D5/(C-B1))
10.69%
3.Return on assets (ROA) (D6/C)
9.7%
4.Return on revenue (D6/D1)
47.5%
5.Operating expenses to net income (D2/D6)
29.42%
6.Management expenses (D4/D2)
38.13%
7.Earning Per Certificate (D6/E1)
1.52
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
7.48
2.Total liabilities to total assets (B/C) (times)
.11
3.Long term investment to total assets (C2b/C)
13.33%
H.Capital /leverage ratios
1.Capital ratio (A/C)
95.04%
2.Break up value per certificate (A/E1)
14.93
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) .22
2.Cash generated from operating activities to current liabilities (E4/B1) (times) .26

128

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
296,968.
308,442.
328,213.
329,985.
210,000.
210,000.
210,000.
210,000.
80,970.
83,677.
96,334.
100,977.
5,998.
14,765.
21,879.
19,008.
-17272
-1568
-2073
-1326
21,844.
23,995.
23,293.
25,638.
13,418.
17,674.
17,560.
17,730.
8,426.
6,321.
5,733.
7,908.
301,540.
330,869.
349,433.
354,297.
204,296.
253,921.
264,975.
264,613.
24,483.
11,400.
10,284.
15,728.
179,813.
242,521.
254,691.
248,885.
97,244.
76,948.
84,458.
89,684.
42,064.
43,338.
34,944.
32,897.
29,295.
18,598.
20,767.
20,021.
25,885.
15,012.
28,747.
36,766.
65,620.
11,722.
53,898.
508.
4,572.
4,205.

41,055.
13,925.
49,968.
0.0
11,267.
11,035.

45,015.
19,473.
25,542.
3,405.
30,047.
29,892.

39,647.
17,186.
22,461.
2,168.
19,131.
18,219.

21,000.
21,000.
0.0
5.%
0.0
0.0
74,367. -9158

21,000.
8.%
0.0
53,269.

21,000.
8.%
0.0
106,311.

1.42%
1.59%
1.39%
6.41%
278.76%
4.33%
.2

3.58%
3.6%
3.34%
26.88%
126.19%
0.0
.53

9.11%
9.05%
8.55%
66.4%
65.14%
17.49%
1.42

5.52%
5.68%
5.14%
45.95%
94.33%
12.61%
.87

15.23
.07
9.72%

14.37
.07
5.62%

15.09
.07
5.94%

14.92
.07
5.65%

98.48%
14.14

93.22%
14.69

93.93%
15.63

93.14%
15.71

17.69
5.54

-.83
-.52

1.78
3.03

5.84
6.

Financial Statement Analysis of Financia

Allied Rental Modaraba


2008
Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6)-(times)
2.Cash generated from operating activities to current liabilities (E4/B1)
- (times)

129

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
871,680.
1,059,652.
1,212,946.
1,572,838.
600,000.
600,000.
600,000.
750,000.
177,942.
316,928.
461,075.
560,471.
93,738.
142,724.
151,871.
262,367.
90,000.
90,000.
90,000.
90,000.
311,177.
361,219.
807,850.
1,048,232.
203,400.
316,634.
658,070.
644,908.
107,777.
44,585.
149,780.
403,324.
1,272,857.
1,510,871.
2,110,796.
2,711,070.
182,703.
204,600.
228,460.
352,993.
34,979.
87,624.
61,489.
87,624.
147,724.
116,976.
166,971.
265,369.
1,090,154.
1,306,271.
1,882,336.
2,358,077.
980,382.
1,219,700.
1,799,334.
2,189,223.
83,642.
69,678.
62,051.
54,607.
26,130.
16,893.
20,951.
114,247.
633,335.
383,415.
249,920.
0.0
176,141.
176,141.

829,397.
491,197.
338,200.
8,597.
277,973.
277,973.

1,033,739.
654,912.
378,827.
7,392.
288,294.
288,294.

1,543,919.
948,701.
595,218.
4,988.
498,792.
498,792.

60,000.
15.%
0.0
275,140.

60,000.
22.5%
0.0
530,059.

60,000.
23.%
25.%
868,757.

75,000.
30.%
10.%
586,767.

20.21%
16.47%
13.84%
27.81%
217.68%
0.0
2.94

26.23%
23.28%
18.4%
33.52%
176.71%
1.75%
4.63

23.77%
19.85%
13.66%
27.89%
227.17%
1.13%
4.8

31.71%
24.14%
18.4%
32.31%
190.2%
.53%
6.65

.9
.24
6.57%

.65
.24
4.61%

.35
.38
2.94%

.55
.39
2.01%

68.48%
14.53

70.14%
17.66

57.46%
20.22

58.02%
20.97

1.56
1.35

1.91
1.67

3.01
1.32

1.18
.91

Financial Statement Analysis of Financia

B.F. Modaraba
2008
Items
A.Total equity (A1 to A3)
87,379.
1.Certificate capital
63,553.
2.Reserves
15,108.
3.Unappropriated profit
8,718.
4.Others
5,933.
B.Total liabilities (B1 + B2)
3,279.
1.Current liabilities
3,158.
2.Non-current liabilities
121.
C.Total assets (C1+C2)
96,591.
1.Current assets (a + b)
95,048.
a.Cash and banks balances
25,109.
b.Other current assets
69,939.
2.Non-current assets (a + b + c)
1,543.
a.Fixed assets
808.
b.Long-term investments
735.
c.Other non-current assets
0.0
D.Profit & loss account
1.Gross revenue(loss)
11,014.
2.Operating expenses
1,845.
3.Operating profit
9,169.
4.Modaraba co's management fees
847.
5.Profit/(loss) before taxation
7,626.
6.Profit/(loss) after taxation
6,846.
E.Other items
1.No. of certificates (000)
6,355.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
7.5%
4.Cash generated from operating activities
10,527.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
7.83%
2.Return on capital employed (ROCE) (D5/(C-B1))
8.16%
3.Return on assets (ROA) (D6/C)
7.09%
4.Return on revenue (D6/D1)
62.16%
5.Operating expenses to net income (D2/D6)
26.95%
6.Management expenses (D4/D2)
45.91%
7.Earning Per Certificate (D6/E1)
1.08
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
30.1
2.Total liabilities to total assets (B/C) (times)
.03
3.Long term investment to total assets (C2b/C)
.76%
H.Capital /leverage ratios
1.Capital ratio (A/C)
90.46%
2.Break up value per certificate (A/E1)
13.75
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) 1.54
2.Cash generated from operating activities to current liabilities (E4/B1) (times)3.33

130

2012

inancial Statement Analysis of Financial Sector

2009

2010

(Thousand Rupees)
2011
2012
111,953.
106,988.
75,152.
75,152.
23,354.
25,856.
13,447.
5,980.
15,551.
8,340.
5,960.
5,387.
2,930.
2,329.
3,030.
3,058.
133,464.
120,715.
118,469.
111,033.
17,645.
11,958.
100,824.
99,075.
14,995.
9,682.
14,955.
9,642.
40.
40.
0.0
0.0

91,058.
68,320.
16,212.
6,526.
557.
8,688.
8,521.
167.
100,303.
99,061.
15,491.
83,570.
1,242.
1,202.
40.
0.0

94,461.
68,320.
17,232.
8,909.
7,760.
2,439.
2,193.
246.
104,660.
103,685.
8,008.
95,677.
975.
935.
40.
0.0

14,473.
2,201.
12,272.
811.
7,064.
3,679.

11,913.
2,523.
9,390.
624.
5,438.
3,403.

29,489.
2,955.
26,534.
2,263.
20,369.
17,491.

16,006.
3,532.
12,474.
731.
6,583.
6,307.

6,832.
0.0
0.0

6,832.
0.0
10.%

7,515.
15.%
0.0
9,767.

7,515.
5.%
0.0
10,214.

4.04%
7.7%
3.67%
25.42%
59.83%
36.85%
.54

3.6%
5.31%
3.25%
28.57%
74.14%
24.73%
.5

15.62%
15.6%
13.11%
59.31%
16.89%
76.58%
2.33

5.9%
5.56%
5.22%
39.4%
56.%
20.7%
.84

11.63
.09
.04%

47.28
.02
.04%

40.43
.04
.03%

47.67
.04
.03%

90.78%
13.33

90.26%
13.83

83.88%
14.9

88.63%
14.24

-.36
-.15

-4.03
-6.25

.56
3.33

1.62
4.39

-1307

-13710

Financial Statement Analysis of Financia

B.R.R. Guardian Modaraba


2008
Items
A.Total equity (A1 to A3)
1,396,251.
1.Certificate capital
780,462.
2.Reserves
539,522.
3.Unappropriated profit
76,267.
4.Others
437,033.
B.Total liabilities (B1 + B2)
2,682,433.
1.Current liabilities
1,541,160.
2.Non-current liabilities
1,141,273.
C.Total assets (C1+C2)
4,515,717.
1.Current assets (a + b)
2,296,937.
a.Cash and banks balances
9,881.
b.Other current assets
2,287,056.
2.Non-current assets (a + b + c)
2,218,780.
a.Fixed assets
986,678.
b.Long-term investments
166,024.
c.Other non-current assets
1,066,078.
D.Profit & loss account
1.Gross revenue(loss)
921,625.
2.Operating expenses
98,877.
3.Operating profit
822,748.
4.Modaraba co's management fees
16,852.
5.Profit/(loss) before taxation
151,671.
6.Profit/(loss) after taxation
151,671.
E.Other items
1.No. of certificates (000)
78,046.
2.Cash dividend
9.%
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
492,751.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
10.86%
2.Return on capital employed (ROCE) (D5/(C-B1))
5.1%
3.Return on assets (ROA) (D6/C)
3.36%
4.Return on revenue (D6/D1)
16.46%
5.Operating expenses to net income (D2/D6)
65.19%
6.Management expenses (D4/D2)
17.04%
7.Earning Per Certificate (D6/E1)
1.94
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
1.49
2.Total liabilities to total assets (B/C) (times)
.59
3.Long term investment to total assets (C2b/C)
3.68%
H.Capital /leverage ratios
1.Capital ratio (A/C)
30.92%
2.Break up value per certificate (A/E1)
17.89
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) 3.25
2.Cash generated from operating activities to current liabilities (E4/B1) (times) .32

131

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
823,262.
662,028.
703,731.
713,402.
780,462.
780,462.
780,462.
780,462.
544,522.
544,522.
565,374.
523,824.
-501722
-662956
-642105
-590884
-82842
-29134
28,952.
59,403.
2,266,700.
3,010,180.
2,234,116.
2,270,746.
1,104,517.
1,976,529.
1,085,777.
1,323,147.
1,162,183.
1,033,651.
1,148,339.
947,599.
3,007,120.
3,643,074.
2,966,799.
3,043,551.
1,032,099.
1,750,439.
1,180,460.
1,209,138.
66,288.
105,242.
121,699.
231,630.
965,811.
1,645,197.
1,058,761.
977,508.
1,975,021.
1,892,635.
1,786,339.
1,834,413.
505,989.
289,635.
578,976.
728,509.
163,297.
593,777.
529,731.
432,200.
1,305,735.
1,009,223.
677,632.
673,704.
557,006.
631,419.
99,113.
102,281.
457,893.
508,827.
0.0
0.0
502,748. -161234
502,748. -161234

614,992.
109,303.
505,689.
4,728.
41,703.
41,703.

424,245.
109,743.
314,502.
3,369.
29,182.
29,182.

78,046.
0.0
0.0
497,007.

78,046.
0.0
0.0
421,836.

78,046.
2.5%
0.0
321,609.

78,046.
1.8%
0.0
285,403.

61.07%
26.42%
16.72%
90.26%
19.71%
0.0
6.44

-24.35%
-9.67%
-4.43%
-25.54%
-63.44%
0.0
-2.07

5.93%
2.22%
1.41%
6.78%
262.1%
4.33%
.53

4.09%
1.7%
.96%
6.88%
376.06%
3.07%
.37

.93
.75
5.43%

.89
.83
16.3%

1.09
.75
17.86%

.91
.75
14.2%

27.38%
10.55

18.17%
8.48

23.72%
9.02

23.44%
9.14

.99
.45

-2.62
.21

7.71
.3

9.78
.22

Financial Statement Analysis of Financia

First Constellation Modaraba


2008
Items
A.Total equity (A1 to A3)
74,736.
1.Certificate capital
64,625.
2.Reserves
5,927.
3.Unappropriated profit
4,184.
4.Others
0.0
B.Total liabilities (B1 + B2)
6,573.
1.Current liabilities
6,573.
2.Non-current liabilities
0.0
C.Total assets (C1+C2)
81,309.
1.Current assets (a + b)
24,595.
a.Cash and banks balances
21.
b.Other current assets
24,574.
2.Non-current assets (a + b + c)
56,714.
a.Fixed assets
714.
b.Long-term investments
23,000.
c.Other non-current assets
33,000.
D.Profit & loss account
1.Gross revenue(loss)
4,357.
2.Operating expenses
332.
3.Operating profit
4,025.
4.Modaraba co's management fees
30.
5.Profit/(loss) before taxation
301.
6.Profit/(loss) after taxation
301.
E.Other items
1.No. of certificates (000)
6,462.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-17078
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
.4%
2.Return on capital employed (ROCE) (D5/(C-B1))
.4%
3.Return on assets (ROA) (D6/C)
.37%
4.Return on revenue (D6/D1)
6.91%
5.Operating expenses to net income (D2/D6)
110.3%
6.Management expenses (D4/D2)
9.04%
7.Earning Per Certificate (D6/E1)
.05
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
3.74
2.Total liabilities to total assets (B/C) (times)
.08
3.Long term investment to total assets (C2b/C)
28.29%
H.Capital /leverage ratios
1.Capital ratio (A/C)
91.92%
2.Break up value per certificate (A/E1)
11.57
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)-56.74
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -2.6

132

2012

inancial Statement Analysis of Financial Sector

2009

2010
65,069.
64,625.
5,928.

-5484

67,185.
64,625.
6,350.
-3790

(Thousand Rupees)
2011
2012
69,592.
69,592.
64,625.
64,625.
6,832.
6,832.
-1865
-1865
0.0
0.0
4,386.
4,386.
4,063.
4,063.
323.
323.
73,978.
73,978.
40,881.
40,881.
1,084.
1,084.
39,797.
39,797.
33,097.
33,097.
39.
39.
33,000.
33,000.
58.
58.

0.0
6,277.
6,277.
0.0
71,346.
38,238.
86.
38,152.
33,108.
108.
33,000.
0.0

0.0
7,254.
6,939.
315.
74,439.
41,255.
240.
41,015.
33,184.
70.
33,000.
114.

3,854.
4,227.

6,457.
4,903.
1,554.
222.
2,223.
2,117.

7,271.
5,874.
1,397.
247.
2,471.
2,405.

7,271.
5,874.
1,397.
247.
2,471.
2,405.

6,462.
0.0
0.0
7,897.

6,462.
0.0
0.0
162.

6,462.
0.0
0.0
1,929.

6,462.
0.0
0.0
1,929.

-7.66%
-7.66%
-6.99%
-129.4%
-84.76%
0.0
-.77

3.15%
3.29%
2.84%
32.79%
231.6%
4.53%
.33

3.46%
3.53%
3.25%
33.08%
244.24%
4.2%
.37

3.46%
3.53%
3.25%
33.08%
244.24%
4.2%
.37

6.09
.09
46.25%

5.95
.1
44.33%

10.06
.06
44.61%

10.06
.06
44.61%

91.2%
10.07

90.26%
10.4

94.07%
10.77

94.07%
10.77

-1.58
1.26

.08
.02

.8
.47

.8
.47

-373
0.0
-4987
-4987

Financial Statement Analysis of Financia

Crescent Standard Modaraba


2008
Items
A.Total equity (A1 to A3)
109,140.
1.Certificate capital
200,000.
2.Reserves
4,557.
-95417
3.Unappropriated profit
-1311
4.Others
B.Total liabilities (B1 + B2)
23,108.
1.Current liabilities
23,108.
2.Non-current liabilities
0.0
C.Total assets (C1+C2)
130,937.
1.Current assets (a + b)
130,619.
a.Cash and banks balances
16,088.
b.Other current assets
114,531.
2.Non-current assets (a + b + c)
318.
a.Fixed assets
318.
b.Long-term investments
0.0
c.Other non-current assets
0.0
D.Profit & loss account
1.Gross revenue(loss)
1,417.
2.Operating expenses
1,822.
-405
3.Operating profit
4.Modaraba co's management fees
60.
5.Profit/(loss) before taxation
538.
6.Profit/(loss) after taxation
538.
E.Other items
1.No. of certificates (000)
20,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
42,512.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
.49%
2.Return on capital employed (ROCE) (D5/(C-B1))
.5%
3.Return on assets (ROA) (D6/C)
.41%
4.Return on revenue (D6/D1)
37.97%
5.Operating expenses to net income (D2/D6)
338.66%
6.Management expenses (D4/D2)
3.29%
7.Earning Per Certificate (D6/E1)
.03
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
5.65
2.Total liabilities to total assets (B/C) (times)
.18
3.Long term investment to total assets (C2b/C)
0.0
H.Capital /leverage ratios
1.Capital ratio (A/C)
83.35%
2.Break up value per certificate (A/E1)
5.46
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) 79.02
2.Cash generated from operating activities to current liabilities (E4/B1) (times)1.84

133

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
110,902.
115,926.
118,552.
122,143.
200,000.
200,000.
200,000.
200,000.
5,438.
7,950.
10,463.
13,363.
-94536
-92024
-91911
-91220
-630
-896
-1001
18.
23,179.
44,101.
30,688.
35,759.
23,179.
43,951.
24,510.
26,032.
0.0
150.
6,178.
9,727.
133,451.
159,131.
148,239.
157,920.
133,451.
134,649.
96,730.
101,137.
16,490.
20,812.
20,645.
34,244.
116,961.
113,837.
76,085.
66,893.
0.0
24,482.
51,509.
56,783.
0.0
2,285.
25,864.
35,096.
0.0
22,197.
25,645.
21,687.
0.0
0.0
0.0
0.0
4,218.
1,919.
2,299.
196.
1,762.
1,762.

13,528.
5,983.
9,085.
558.
5,024.
5,024.

23,983.
5,242.
18,741.
570.
5,026.
5,026.

16,842.
5,620.
11,222.
692.
5,991.
5,991.

20,000.
0.0
0.0
32,502.

20,000.
1.2%
0.0
19,282.

20,000.
1.2%
0.0
6,683.

20,000.
1.5%
0.0
27,467.

1.59%
1.6%
1.32%
41.77%
108.91%
10.21%
.09

4.33%
4.36%
3.16%
37.14%
119.09%
9.33%
.25

4.24%
4.06%
3.39%
20.96%
104.3%
10.87%
.25

4.9%
4.54%
3.79%
35.57%
93.81%
12.31%
.3

5.76
.17
0.0

3.06
.28
13.95%

3.95
.21
17.3%

3.89
.23
13.73%

83.1%
5.55

72.85%
5.8

79.97%
5.93

77.34%
6.11

18.45
1.4

3.84
.44

1.33
.27

4.58
1.06

Financial Statement Analysis of Financia

First Elite Capital Modaraba


2008
Items
A.Total equity (A1 to A3)
118,182.
1.Certificate capital
113,400.
2.Reserves
4,782.
3.Unappropriated profit
0.0
4.Others
0.0
B.Total liabilities (B1 + B2)
25,553.
1.Current liabilities
12,717.
2.Non-current liabilities
12,836.
C.Total assets (C1+C2)
143,735.
1.Current assets (a + b)
67,337.
a.Cash and banks balances
13,961.
b.Other current assets
53,376.
2.Non-current assets (a + b + c)
76,398.
a.Fixed assets
1,791.
b.Long-term investments
25,371.
c.Other non-current assets
49,236.
D.Profit & loss account
1.Gross revenue(loss)
35,809.
2.Operating expenses
10,065.
3.Operating profit
25,744.
4.Modaraba co's management fees
1,095.
5.Profit/(loss) before taxation
9,854.
6.Profit/(loss) after taxation
9,854.
E.Other items
1.No. of certificates (000)
11,340.
2.Cash dividend
6.%
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
5,755.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
8.34%
2.Return on capital employed (ROCE) (D5/(C-B1))
7.52%
3.Return on assets (ROA) (D6/C)
6.86%
4.Return on revenue (D6/D1)
27.52%
5.Operating expenses to net income (D2/D6)
102.14%
6.Management expenses (D4/D2)
10.88%
7.Earning Per Certificate (D6/E1)
.87
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
5.3
2.Total liabilities to total assets (B/C) (times)
.18
3.Long term investment to total assets (C2b/C)
17.65%
H.Capital /leverage ratios
1.Capital ratio (A/C)
82.22%
2.Break up value per certificate (A/E1)
10.42
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) .58
2.Cash generated from operating activities to current liabilities (E4/B1) (times) .45

134

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
112,550.
117,680.
124,042.
128,065.
113,400.
113,400.
113,400.
113,400.
-850
4,280.
10,642.
14,665.
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
32,568.
37,344.
44,098.
58,747.
14,290.
15,150.
9,358.
15,501.
18,278.
22,194.
34,740.
43,246.
145,118.
155,024.
168,140.
186,812.
47,099.
49,915.
59,789.
55,774.
10,439.
6,480.
16,825.
13,630.
36,660.
43,435.
42,964.
42,144.
98,019.
105,109.
108,351.
131,038.
1,620.
1,758.
2,969.
2,495.
21,057.
20,679.
12,274.
10,419.
75,342.
82,672.
93,108.
118,124.
41,064.
11,123.
29,941.
766.
6,893.
6,893.

48,178.
12,864.
35,314.
813.
7,320.
7,320.

11,340.
11,340.
4.5%
5.%
0.0
0.0
1,332. -6079

53,703.
15,048.
38,655.
979.
8,812.
8,812.

59,346.
16,829.
42,517.
1,003.
9,023.
9,023.

11,340.
11,340.
5.5%
5.5%
0.0
0.0
9,187. -3142

6.12%
5.27%
4.75%
16.79%
161.37%
6.89%
.61

6.22%
5.23%
4.72%
15.19%
175.74%
6.32%
.65

7.1%
5.55%
5.24%
16.41%
170.77%
6.51%
.78

7.05%
5.27%
4.83%
15.2%
186.51%
5.96%
.8

3.3
.22
14.51%

3.29
.24
13.34%

6.39
.26
7.3%

3.6
.31
5.58%

77.56%
9.93

75.91%
10.38

73.77%
10.94

68.55%
11.29

.19
.09

-.83
-.4

1.04
.98

-.35
-.2

Financial Statement Analysis of Financia

First Equity Modaraba


2008
Items
A.Total equity (A1 to A3)
574,163.
1.Certificate capital
524,400.
2.Reserves
75,543.
-25780
3.Unappropriated profit
4.Others
0.0
B.Total liabilities (B1 + B2)
64,951.
1.Current liabilities
63,842.
2.Non-current liabilities
1,109.
C.Total assets (C1+C2)
639,114.
1.Current assets (a + b)
248,798.
a.Cash and banks balances
52,857.
b.Other current assets
195,941.
2.Non-current assets (a + b + c)
390,316.
a.Fixed assets
16,964.
b.Long-term investments
309,231.
c.Other non-current assets
64,121.
D.Profit & loss account
1.Gross revenue(loss)
26,155.
2.Operating expenses
20,966.
3.Operating profit
5,189.
4.Modaraba co's management fees
0.0
5.Profit/(loss) before taxation
7,566.
6.Profit/(loss) after taxation
7,367.
E.Other items
1.No. of certificates (000)
52,440.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-30463
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
1.28%
2.Return on capital employed (ROCE) (D5/(C-B1))
1.32%
3.Return on assets (ROA) (D6/C)
1.15%
4.Return on revenue (D6/D1)
28.17%
5.Operating expenses to net income (D2/D6)
284.59%
6.Management expenses (D4/D2)
0.0
7.Earning Per Certificate (D6/E1)
.14
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
3.9
2.Total liabilities to total assets (B/C) (times)
.1
3.Long term investment to total assets (C2b/C)
48.38%
H.Capital /leverage ratios
1.Capital ratio (A/C)
89.84%
2.Break up value per certificate (A/E1)
10.95
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) -4.14
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -.48

135

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
544,464.
547,821.
562,818.
563,086.
524,400.
524,400.
524,400.
524,400.
75,689.
74,975.
75,156.
81,834.
-55625
-51554
-36738
-43148
0.0
0.0
0.0
0.0
46,040.
39,126.
50,839.
40,472.
45,035.
37,729.
49,232.
38,640.
1,005.
1,397.
1,607.
1,832.
590,504.
586,947.
613,657.
603,558.
232,708.
232,002.
257,776.
247,616.
10,757.
20,183.
57,258.
33,785.
221,951.
211,819.
200,518.
213,831.
357,796.
354,945.
355,881.
355,942.
15,189.
19,051.
18,580.
19,132.
278,917.
278,133.
280,390.
280,099.
63,690.
57,761.
56,911.
56,711.
22,801.
25,877.
20,946.
23,136.
1,855.
2,741.
0.0
0.0
346. -591
146. -714

17,888.
16,551.
1,337.
0.0
240.
180.

29,668.
17,283.
12,385.
0.0
8,905.
6,678.

52,440.
0.0
0.0
-30679

52,440.
0.0
0.0
13,607.

52,440.
0.0
0.0
17,511.

52,440.
0.0
0.0
5,204.

.03%
.06%
.02%
.64%
14,346.58%
0.0
0.0

-.13%
-.11%
-.12%
-2.76%
-3,240.34%
0.0
-.01

.03%
.04%
.03%
1.01%
9,195.%
0.0
0.0

1.19%
1.58%
1.11%
22.51%
258.81%
0.0
.13

5.17
.08
47.23%

6.15
.07
47.39%

5.24
.08
45.69%

6.41
.07
46.41%

92.2%
10.38

93.33%
10.45

91.72%
10.73

93.29%
10.74

-210.13
-.68

-19.06
.36

97.28
.36

.78
.13

Financial Statement Analysis of Financia

First Fidelity Leasing Modaraba


2008
Items
A.Total equity (A1 to A3)
351,545.
1.Certificate capital
264,138.
2.Reserves
58,064.
3.Unappropriated profit
29,343.
4.Others
0.0
B.Total liabilities (B1 + B2)
142,696.
1.Current liabilities
60,781.
2.Non-current liabilities
81,915.
C.Total assets (C1+C2)
494,241.
1.Current assets (a + b)
155,691.
a.Cash and banks balances
34,160.
b.Other current assets
121,531.
2.Non-current assets (a + b + c)
338,550.
a.Fixed assets
181,426.
b.Long-term investments
57,195.
c.Other non-current assets
99,929.
D.Profit & loss account
1.Gross revenue(loss)
118,948.
2.Operating expenses
24,960.
3.Operating profit
93,988.
4.Modaraba co's management fees
4,631.
5.Profit/(loss) before taxation
41,680.
6.Profit/(loss) after taxation
41,680.
E.Other items
1.No. of certificates (000)
26,413.
2.Cash dividend
10.%
3.Stock dividend/bonus shares
0.0
-8589
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
11.86%
2.Return on capital employed (ROCE) (D5/(C-B1))
9.62%
3.Return on assets (ROA) (D6/C)
8.43%
4.Return on revenue (D6/D1)
35.04%
5.Operating expenses to net income (D2/D6)
59.88%
6.Management expenses (D4/D2)
18.55%
7.Earning Per Certificate (D6/E1)
1.58
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
2.56
2.Total liabilities to total assets (B/C) (times)
.29
3.Long term investment to total assets (C2b/C)
11.57%
H.Capital /leverage ratios
1.Capital ratio (A/C)
71.13%
2.Break up value per certificate (A/E1)
13.31
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) -.21
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -.14

136

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
326,707.
325,202.
335,186.
352,807.
264,138.
264,138.
264,138.
264,138.
61,914.
72,258.
75,297.
79,343.
-4249
655. -11194
9,326.
0.0
0.0
0.0
0.0
131,052.
107,665.
40,043.
68,132.
69,246.
86,547.
30,428.
60,206.
61,806.
21,118.
9,615.
7,926.
457,759.
432,867.
375,229.
420,939.
105,432.
199,227.
136,244.
149,923.
5,469.
13,405.
16,490.
11,724.
99,963.
185,822.
119,754.
138,199.
352,327.
233,640.
238,985.
271,016.
105,765.
75,272.
29,776.
231,348.
59,881.
4,574.
106,403.
0.0
186,681.
153,794.
102,806.
39,668.
71,449.
21,077.
50,372.
0.0
-2580
-2274
26,413.
0.0
0.0
15,893.

55,884.
18,438.
37,446.
0.0
-11530
-11849

71,466.
20,746.
50,720.
984.
8,680.
8,680.

45,368.
17,933.
27,435.
2,018.
18,166.
16,970.

26,413.
26,413.
26,413.
0.0
0.0
5.%
0.0
0.0
0.0
-7849
24,329. -45926

-.7%
-.66%
-.5%
-3.18%
-926.87%
0.0
-.09

-3.64%
-3.33%
-2.74%
-21.2%
-155.61%
0.0
-.45

2.59%
2.52%
2.31%
12.15%
239.01%
4.74%
.33

4.81%
5.04%
4.03%
37.41%
105.67%
11.25%
.64

1.52
.29
13.08%

2.3
.25
1.06%

4.48
.11
28.36%

2.49
.16
0.0

71.37%
12.37

75.13%
12.31

89.33%
12.69

83.81%
13.36

-6.99
.23

-2.05
.28

-5.29
-1.51

-.46
-.13

Financial Statement Analysis of Financia

First Imrooz Modaraba


2008
Items
A.Total equity (A1 to A3)
92,442.
1.Certificate capital
30,000.
2.Reserves
47,123.
3.Unappropriated profit
15,319.
4.Others
0.0
B.Total liabilities (B1 + B2)
115,434.
1.Current liabilities
110,573.
2.Non-current liabilities
4,861.
C.Total assets (C1+C2)
207,876.
1.Current assets (a + b)
201,130.
a.Cash and banks balances
57,750.
b.Other current assets
143,380.
2.Non-current assets (a + b + c)
6,746.
a.Fixed assets
6,746.
b.Long-term investments
0.0
c.Other non-current assets
0.0
D.Profit & loss account
1.Gross revenue(loss)
51,205.
2.Operating expenses
20,795.
3.Operating profit
30,410.
4.Modaraba co's management fees
2,712.
5.Profit/(loss) before taxation
31,185.
6.Profit/(loss) after taxation
15,167.
E.Other items
1.No. of certificates (000)
3,000.
2.Cash dividend
40.%
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
9,214.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
16.41%
2.Return on capital employed (ROCE) (D5/(C-B1))
32.05%
3.Return on assets (ROA) (D6/C)
7.3%
4.Return on revenue (D6/D1)
29.62%
5.Operating expenses to net income (D2/D6)
137.11%
6.Management expenses (D4/D2)
13.04%
7.Earning Per Certificate (D6/E1)
5.06
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
1.82
2.Total liabilities to total assets (B/C) (times)
.56
3.Long term investment to total assets (C2b/C)
0.0
H.Capital /leverage ratios
1.Capital ratio (A/C)
44.47%
2.Break up value per certificate (A/E1)
30.81
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) .61
2.Cash generated from operating activities to current liabilities (E4/B1) (times) .08

137

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
102,508.
112,178.
116,951.
119,500.
30,000.
30,000.
30,000.
30,000.
49,329.
55,043.
60,558.
65,478.
23,179.
27,135.
26,393.
24,022.
0.0
0.0
0.0
0.0
83,809.
112,811.
199,437.
228,508.
76,989.
104,671.
190,541.
217,317.
6,820.
8,140.
8,896.
11,191.
186,317.
224,989.
316,388.
348,008.
180,878.
216,965.
310,020.
341,734.
48,054.
6,888.
17,555.
28,404.
132,824.
210,077.
292,465.
313,330.
5,439.
8,024.
6,368.
6,274.
5,248.
7,535.
6,034.
6,090.
0.0
0.0
0.0
0.0
191.
489.
334.
184.
58,779.
22,507.
36,272.
2,607.
29,982.
22,065.

78,068.
25,521.
52,547.
4,204.
48,341.
28,570.

92,555.
29,425.
63,130.
5,360.
54,192.
27,573.

98,804.
35,347.
63,457.
5,441.
55,018.
24,599.

3,000.
3,000.
63.%
76.%
0.0
0.0
13,745. -40221

3,000.
73.5%
0.0
5,787.

3,000.
65.%
0.0
8,917.

21.53%
27.42%
11.84%
37.54%
102.%
11.58%
7.36

25.47%
40.18%
12.7%
36.6%
89.33%
16.47%
9.52

23.58%
43.06%
8.71%
29.79%
106.72%
18.22%
9.19

20.58%
42.1%
7.07%
24.9%
143.69%
15.39%
8.2

2.35
.45
0.0

2.07
.5
0.0

1.63
.63
0.0

1.57
.66
0.0

55.02%
34.17

49.86%
37.39

36.96%
38.98

34.34%
39.83

.62
.18

-1.41
-.38

.21
.03

.36
.04

Financial Statement Analysis of Financia

First Habib Bank Modaraba


2008
Items
A.Total equity (A1 to A3)
620,804.
1.Certificate capital
397,072.
2.Reserves
223,732.
3.Unappropriated profit
0.0
4.Others
0.0
B.Total liabilities (B1 + B2)
528,289.
1.Current liabilities
347,426.
2.Non-current liabilities
180,863.
C.Total assets (C1+C2)
1,149,093.
1.Current assets (a + b)
92,060.
a.Cash and banks balances
9,514.
b.Other current assets
82,546.
2.Non-current assets (a + b + c)
1,057,033.
a.Fixed assets
1,048,156.
b.Long-term investments
8,125.
c.Other non-current assets
752.
D.Profit & loss account
1.Gross revenue(loss)
494,439.
2.Operating expenses
9,137.
3.Operating profit
485,302.
4.Modaraba co's management fees
2,334.
5.Profit/(loss) before taxation
21,012.
6.Profit/(loss) after taxation
21,012.
E.Other items
1.No. of certificates (000)
39,707.
2.Cash dividend
5.%
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
41,654.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
3.38%
2.Return on capital employed (ROCE) (D5/(C-B1))
2.62%
3.Return on assets (ROA) (D6/C)
1.83%
4.Return on revenue (D6/D1)
4.25%
5.Operating expenses to net income (D2/D6)
43.48%
6.Management expenses (D4/D2)
25.54%
7.Earning Per Certificate (D6/E1)
.53
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
.26
2.Total liabilities to total assets (B/C) (times)
.46
3.Long term investment to total assets (C2b/C)
.71%
H.Capital /leverage ratios
1.Capital ratio (A/C)
54.03%
2.Break up value per certificate (A/E1)
15.63
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) 1.98
2.Cash generated from operating activities to current liabilities (E4/B1) (times) .12

138

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
621,226.
647,617.
677,068.
706,648.
397,072.
397,072.
397,072.
397,072.
224,154.
250,545.
279,996.
309,576.
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
205,939.
116,413.
132,543.
159,109.
120,604.
48,682.
53,523.
67,297.
85,335.
67,731.
79,020.
91,812.
827,165.
764,030.
809,611.
865,757.
69,097.
168,824.
206,987.
195,442.
4,073.
25,003.
21,639.
13,269.
65,024.
143,821.
185,348.
182,173.
758,068.
595,206.
602,624.
670,315.
757,915.
543,875.
492,809.
563,138.
0.0
51,179.
99,179.
99,211.
153.
152.
10,636.
7,966.
497,327.
9,522.
487,805.
2,198.
19,779.
19,779.

405,588.
10,233.
395,355.
4,997.
44,976.
44,976.

312,872.
11,926.
300,946.
7,952.
71,567.
71,567.

267,106.
14,472.
252,634.
9,007.
81,066.
81,066.

39,707.
5.%
0.0
334,985.

39,707.
11.%
0.0
287,475.

39,707.
13.%
0.0
77,317.

39,707.
14.75%
0.0
74,645.

3.18%
2.8%
2.39%
3.98%
48.14%
23.08%
.5

6.94%
6.29%
5.89%
11.09%
22.75%
48.83%
1.13

10.57%
9.47%
8.84%
22.87%
16.66%
66.68%
1.8

11.47%
10.15%
9.36%
30.35%
17.85%
62.24%
2.04

.57
.25
0.0

3.47
.15
6.7%

3.87
.16
12.25%

2.9
.18
11.46%

75.1%
15.65

84.76%
16.31

83.63%
17.05

81.62%
17.8

16.94
2.78

6.39
5.91

1.08
1.44

.92
1.11

Financial Statement Analysis of Financia

First Habib Modaraba


2008
Items
A.Total equity (A1 to A3)
2,846,818.
1.Certificate capital
1,008,000.
2.Reserves
1,619,090.
3.Unappropriated profit
219,728.
4.Others
0.0
B.Total liabilities (B1 + B2)
1,178,832.
1.Current liabilities
778,516.
2.Non-current liabilities
400,316.
C.Total assets (C1+C2)
4,025,650.
1.Current assets (a + b)
1,303,313.
a.Cash and banks balances
150,213.
b.Other current assets
1,153,100.
2.Non-current assets (a + b + c)
2,722,337.
a.Fixed assets
2,713,543.
b.Long-term investments
1,211.
c.Other non-current assets
7,583.
D.Profit & loss account
1.Gross revenue(loss)
1,666,786.
2.Operating expenses
1,390,608.
3.Operating profit
276,178.
-29873
4.Modaraba co's management fees
5.Profit/(loss) before taxation
268,855.
6.Profit/(loss) after taxation
268,855.
E.Other items
1.No. of certificates (000)
201,600.
2.Cash dividend
21.%
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
559,621.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
9.44%
2.Return on capital employed (ROCE) (D5/(C-B1))
8.28%
3.Return on assets (ROA) (D6/C)
6.68%
4.Return on revenue (D6/D1)
16.13%
5.Operating expenses to net income (D2/D6)
517.23%
6.Management expenses (D4/D2)
-2.15%
7.Earning Per Certificate (D6/E1)
1.33
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
1.67
2.Total liabilities to total assets (B/C) (times)
.29
3.Long term investment to total assets (C2b/C)
.03%
H.Capital /leverage ratios
1.Capital ratio (A/C)
70.72%
2.Break up value per certificate (A/E1)
14.12
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) 2.08
2.Cash generated from operating activities to current liabilities (E4/B1) (times) .72

139

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
2,618,148.
2,892,195.
3,059,624.
3,127,196.
1,008,000.
1,008,000.
1,008,000.
1,008,000.
1,407,211.
1,668,921.
1,825,693.
1,907,997.
202,937.
215,274.
225,931.
211,199.
0.0
0.0
0.0
0.0
663,054.
885,692.
1,015,590.
1,438,225.
527,696.
728,545.
820,814.
1,229,146.
135,358.
157,147.
194,776.
209,079.
3,281,202.
3,777,887.
4,075,214.
4,565,421.
1,163,360.
1,302,277.
1,531,467.
1,818,515.
302,136.
212,337.
111,528.
122,397.
861,224.
1,089,940.
1,419,939.
1,696,118.
2,117,842.
2,475,610.
2,543,747.
2,746,906.
2,103,719.
2,435,300.
2,372,955.
2,501,153.
80.
32,291.
162,256.
234,071.
14,043.
8,019.
8,536.
11,682.
1,666,234.
1,357,193.
309,041.
27,068.
243,613.
243,613.

317,651.
47,817.
269,834.
29,713.
267,421.
267,421.

346,280.
55,711.
290,569.
30,880.
277,922.
277,922.

378,915.
57,883.
321,032.
38,338.
345,045.
345,045.

201,600.
201,600.
20.%
21.%
0.0
0.0
805,462. -102404

201,600.
22.%
0.0
129,830.

201,600.
20.%
0.0
24,870.

9.3%
8.85%
7.42%
14.62%
557.11%
1.99%
1.21

9.25%
8.77%
7.08%
84.19%
17.88%
62.14%
1.33

9.08%
8.54%
6.82%
80.26%
20.05%
55.43%
1.38

11.03%
10.34%
7.56%
91.06%
16.78%
66.23%
1.71

2.2
.2
0.0

1.79
.23
.85%

1.87
.25
3.98%

1.48
.32
5.13%

79.79%
12.99

76.56%
14.35

75.08%
15.18

68.5%
15.51

3.31
1.53

-.38
-.14

.47
.16

.07
.02

Financial Statement Analysis of Financia

First IBL Modaraba


2008
Items
A.Total equity (A1 to A3)
171,959.
1.Certificate capital
116,875.
2.Reserves
48,348.
3.Unappropriated profit
6,736.
4.Others
85,000.
B.Total liabilities (B1 + B2)
17,568.
1.Current liabilities
3,695.
2.Non-current liabilities
13,873.
C.Total assets (C1+C2)
274,527.
1.Current assets (a + b)
215,711.
a.Cash and banks balances
21,956.
b.Other current assets
193,755.
2.Non-current assets (a + b + c)
58,816.
a.Fixed assets
27,405.
b.Long-term investments
0.0
c.Other non-current assets
31,411.
D.Profit & loss account
1.Gross revenue(loss)
25,619.
2.Operating expenses
13,680.
3.Operating profit
11,939.
4.Modaraba co's management fees
546.
5.Profit/(loss) before taxation
4,916.
6.Profit/(loss) after taxation
4,916.
E.Other items
1.No. of certificates (000)
11,687.
2.Cash dividend
5.%
3.Stock dividend/bonus shares
0.0
-25767
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.86%
2.Return on capital employed (ROCE) (D5/(C-B1))
1.82%
3.Return on assets (ROA) (D6/C)
1.79%
4.Return on revenue (D6/D1)
19.19%
5.Operating expenses to net income (D2/D6)
278.28%
6.Management expenses (D4/D2)
3.99%
7.Earning Per Certificate (D6/E1)
.42
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
58.38
2.Total liabilities to total assets (B/C) (times)
.06
3.Long term investment to total assets (C2b/C)
0.0
H.Capital /leverage ratios
1.Capital ratio (A/C)
62.64%
2.Break up value per certificate (A/E1)
14.71
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) -5.24
2.Cash generated from operating activities to current liabilities (E4/B1) (times)-6.97

140

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
239,066.
247,982.
230,977.
191,324.
201,875.
201,875.
201,875.
201,875.
31,892.
39,142.
39,172.
39,993.
-50544
5,299.
6,965. -10070
0.0
0.0
0.0
0.0
130,802.
131,900.
67,831.
44,392.
126,999.
127,681.
58,463.
41,688.
3,803.
4,219.
9,368.
2,704.
369,868.
379,882.
298,808.
235,716.
307,893.
338,249.
196,738.
140,645.
1,144.
1,058.
1,976.
46.
306,749.
337,191.
194,762.
140,599.
61,975.
41,633.
102,070.
95,071.
22,935.
4,248.
2,777.
1,146.
7,809.
0.0
38,857.
29,461.
31,231.
37,385.
60,436.
64,464.
34,037.
13,474.
20,563.
183.
1,644.
1,644.

60,205.
49,576.
8,837.
40,739.
15,158.
12,687.
19,466.
34,418. -3850
0.0
0.0
0.0
-40473
2,082. -10190
-40473
2,082. -10190

20,188.
0.0
0.0
9,496.

20,188.
3.%
0.0
3,804.

.69%
.68%
.44%
4.83%
819.59%
1.36%
.08

.84%
.83%
.55%
3.46%
1,956.72%
0.0
.1

-4.41%
-4.24%
-3.41%
-20.55%
-148.75%
0.0
-.5

-21.15%
-20.86%
-17.17%
-457.99%
-31.35%
0.0
-2.

2.42
.35
2.11%

2.65
.35
0.0

3.37
.23
13.%

3.37
.19
12.5%

64.64%
11.84

65.28%
12.28

77.3%
11.44

81.17%
9.48

5.78
.07

1.83
.03

-6.07
1.06

.27
-.26

20,188.
20,188.
0.0
0.0
0.0
0.0
61,838. -11024

Financial Statement Analysis of Financia

KASB Modaraba
2008
Items
A.Total equity (A1 to A3)
42,716.
1.Certificate capital
83,160.
2.Reserves
8,734.
-49178
3.Unappropriated profit
4.Others
19,958.
B.Total liabilities (B1 + B2)
169,833.
1.Current liabilities
80,309.
2.Non-current liabilities
89,524.
C.Total assets (C1+C2)
232,507.
1.Current assets (a + b)
125,038.
a.Cash and banks balances
33,845.
b.Other current assets
91,193.
2.Non-current assets (a + b + c)
107,469.
a.Fixed assets
1,803.
b.Long-term investments
0.0
c.Other non-current assets
105,666.
D.Profit & loss account
1.Gross revenue(loss)
10,700.
2.Operating expenses
14,516.
-3816
3.Operating profit
4.Modaraba co's management fees
0.0
5.Profit/(loss) before taxation
7,428.
6.Profit/(loss) after taxation
8,078.
E.Other items
1.No. of certificates (000)
8,316.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-174184
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
18.91%
2.Return on capital employed (ROCE) (D5/(C-B1))
4.88%
3.Return on assets (ROA) (D6/C)
3.47%
4.Return on revenue (D6/D1)
75.5%
5.Operating expenses to net income (D2/D6)
179.7%
6.Management expenses (D4/D2)
0.0
7.Earning Per Certificate (D6/E1)
.97
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
1.56
2.Total liabilities to total assets (B/C) (times)
.73
3.Long term investment to total assets (C2b/C)
0.0
H.Capital /leverage ratios
1.Capital ratio (A/C)
18.37%
2.Break up value per certificate (A/E1)
5.14
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)-21.56
2.Cash generated from operating activities to current liabilities (E4/B1) (times)-2.17

141

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
258,322.
275,418.
307,639.
330,222.
282,744.
282,744.
282,744.
282,744.
11,938.
20,486.
40,555.
60,894.
-36360
-27812
-15660
-13416
0.0 -665
0.0
0.0
185,191.
678,915.
806,234.
1,306,744.
159,906.
665,904.
633,387.
1,189,718.
25,285.
13,011.
172,847.
117,026.
443,513.
953,668.
1,113,873.
1,636,966.
302,421.
762,537.
801,245.
1,164,792.
128,714.
59,225.
109,829.
66,987.
173,707.
703,312.
691,416.
1,097,805.
141,092.
191,131.
312,628.
472,174.
7,643.
8,089.
10,534.
8,883.
17,020.
19,342.
18,959.
10,495.
116,429.
163,700.
283,135.
452,796.
41,990.
18,118.
23,872.
1,780.
16,023.
16,023.
28,274.
0.0
0.0
-4931

87,645.
24,895.
62,690.
1,899.
17,096.
17,096.

161,081.
34,102.
126,979.
4,460.
40,139.
40,139.

197,753.
41,513.
156,240.
4,520.
40,677.
40,677.

28,274.
28,274.
28,274.
2.8%
6.4%
6.5%
0.0
0.0
0.0
-529121
-27481
-472580

6.2%
5.65%
3.61%
38.16%
113.07%
9.82%
.57

6.21%
5.94%
1.79%
19.51%
145.62%
7.63%
.6

13.05%
8.35%
3.6%
24.92%
84.96%
13.08%
1.42

12.32%
9.09%
2.48%
20.57%
102.06%
10.89%
1.44

1.89
.42
3.84%

1.15
.71
2.03%

1.27
.72
1.7%

.98
.8
.64%

58.24%
9.14

28.88%
9.74

27.62%
10.88

20.17%
11.68

-.31
-.03

-30.95
-.79

-.68
-.04

-11.62
-.4

Financial Statement Analysis of Financia

Modaraba Al-Mali
2008
Items
A.Total equity (A1 to A3)
238,341.
1.Certificate capital
184,240.
2.Reserves
55,453.
-1352
3.Unappropriated profit
4.Others
1,039.
B.Total liabilities (B1 + B2)
69,776.
1.Current liabilities
48,266.
2.Non-current liabilities
21,510.
C.Total assets (C1+C2)
309,156.
1.Current assets (a + b)
145,410.
a.Cash and banks balances
72,278.
b.Other current assets
73,132.
2.Non-current assets (a + b + c)
163,746.
a.Fixed assets
125,644.
b.Long-term investments
27,545.
c.Other non-current assets
10,557.
D.Profit & loss account
1.Gross revenue(loss)
36,620.
2.Operating expenses
38,800.
-2180
3.Operating profit
4.Modaraba co's management fees
0.0
5.Profit/(loss) before taxation
6,120.
6.Profit/(loss) after taxation
6,120.
E.Other items
1.No. of certificates (000)
18,424.
2.Cash dividend
2.5%
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
98,787.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.57%
2.Return on capital employed (ROCE) (D5/(C-B1))
2.35%
3.Return on assets (ROA) (D6/C)
1.98%
4.Return on revenue (D6/D1)
16.71%
5.Operating expenses to net income (D2/D6)
633.99%
6.Management expenses (D4/D2)
0.0
7.Earning Per Certificate (D6/E1)
.33
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
3.01
2.Total liabilities to total assets (B/C) (times)
.23
3.Long term investment to total assets (C2b/C)
8.91%
H.Capital /leverage ratios
1.Capital ratio (A/C)
77.09%
2.Break up value per certificate (A/E1)
12.94
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) 16.14
2.Cash generated from operating activities to current liabilities (E4/B1) (times)2.05

142

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
211,447.
199,045.
178,889.
176,201.
184,240.
184,240.
184,239.
184,239.
55,453.
55,964.
55,964.
55,964.
-28246
-41159
-61314
-64002
512.
0.0
0.0
0.0
50,926.
49,813.
34,163.
50,926.
36,622.
39,349.
28,061.
32,685.
14,304.
10,464.
6,102.
18,241.
262,885.
248,858.
213,052.
227,127.
63,408.
78,431.
71,328.
77,221.
10,490.
1,115.
3,237.
8,644.
52,918.
77,316.
68,091.
68,577.
199,477.
170,427.
141,724.
149,906.
124,211.
131,245.
132,728.
123,443.
33,104.
22,270.
0.0
0.0
42,162.
16,912.
8,996.
26,463.
30,258.
39,655.
-9397

61,498.
68,743.
-7245

0.0
-22287
-22287

-12913
-12913

85,484.
105,760.
79,468.
102,447.
6,016.
3,313.
0.0
0.0
0.0
-20015
-2430
-20155
-2689

18,424.
0.0
0.0
-45403

18,424.
0.0
0.0
12,776.

18,424.
0.0
0.0
20,887.

18,424.
0.0
0.0
26,281.

-10.54%
-9.85%
-8.48%
-73.66%
-177.93%
0.0
-1.21

-6.49%
-6.16%
-5.19%
-21.%
-532.35%
0.0
-.7

-11.27%
-10.82%
-9.46%
-23.58%
-394.28%
0.0
-1.09

-1.53%
-1.25%
-1.18%
-2.54%
-3,809.85%
0.0
-.15

1.73
.19
12.59%

1.99
.2
8.95%

2.54
.16
0.0

2.36
.22
0.0

80.43%
11.48

79.98%
10.8

83.96%
9.71

77.58%
9.56

2.04
-1.24

-.99
.32

-1.04
.74

-9.77
.8

Financial Statement Analysis of Financia

First National Bank Modaraba


2008
Items
A.Total equity (A1 to A3)
319,530.
1.Certificate capital
250,000.
2.Reserves
24,906.
3.Unappropriated profit
44,624.
-13057
4.Others
B.Total liabilities (B1 + B2)
2,472,502.
1.Current liabilities
1,640,342.
2.Non-current liabilities
832,160.
C.Total assets (C1+C2)
2,778,975.
1.Current assets (a + b)
1,599,576.
a.Cash and banks balances
12,265.
b.Other current assets
1,587,311.
2.Non-current assets (a + b + c)
1,179,399.
a.Fixed assets
1,998.
b.Long-term investments
1,176,562.
c.Other non-current assets
839.
D.Profit & loss account
1.Gross revenue(loss)
227,964.
2.Operating expenses
16,432.
3.Operating profit
211,532.
4.Modaraba co's management fees
3,529.
5.Profit/(loss) before taxation
31,763.
6.Profit/(loss) after taxation
31,763.
E.Other items
1.No. of certificates (000)
25,000.
2.Cash dividend
10.%
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
398,409.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
9.94%
2.Return on capital employed (ROCE) (D5/(C-B1))
2.79%
3.Return on assets (ROA) (D6/C)
1.14%
4.Return on revenue (D6/D1)
13.93%
5.Operating expenses to net income (D2/D6)
51.73%
6.Management expenses (D4/D2)
21.48%
7.Earning Per Certificate (D6/E1)
1.27
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
.98
2.Total liabilities to total assets (B/C) (times)
.89
3.Long term investment to total assets (C2b/C)
42.34%
H.Capital /leverage ratios
1.Capital ratio (A/C)
11.5%
2.Break up value per certificate (A/E1)
12.78
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) 12.54
2.Cash generated from operating activities to current liabilities (E4/B1) (times) .24

143

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
305,305.
331,540.
337,139.
339,776.
250,000.
250,000.
250,000.
250,000.
27,061.
32,308.
38,428.
43,955.
28,244.
49,232.
48,711.
45,821.
-16822
0.0
0.0
0.0
2,121,959.
1,429,718.
1,830,434.
1,623,192.
1,410,556.
1,153,656.
1,310,168.
1,148,885.
711,403.
276,062.
520,266.
474,307.
2,410,442.
1,761,258.
2,167,573.
1,962,968.
1,450,753.
1,024,130.
1,263,771.
961,656.
13,879.
5,019.
8,140.
17,415.
1,436,874.
1,019,111.
1,255,631.
944,241.
959,689.
737,128.
903,802.
1,001,312.
211,516.
420,938.
727,257.
892,906.
748,173.
314,887.
175,019.
104,975.
0.0
1,303.
1,526.
3,431.
352,479.
66,634.
285,845.
1,197.
10,775.
10,775.

370,064.
134,157.
235,907.
2,915.
26,234.
26,234.

473,558.
15,695.
457,863.
3,400.
30,600.
30,600.

605,821.
20,800.
585,021.
3,071.
27,637.
27,637.

25,000.
0.0
0.0
-398408

25,000.
10.%
0.0
833,512.

25,000.
10.%
0.0
240,594.

25,000.
10.%
0.0
772,304.

3.53%
1.08%
.45%
3.06%
618.41%
1.8%
.43

7.91%
4.32%
1.49%
7.09%
511.39%
2.17%
1.05

9.08%
3.57%
1.41%
6.46%
51.29%
21.66%
1.22

8.13%
3.39%
1.41%
4.56%
75.26%
14.76%
1.11

1.03
.88
31.04%

.89
.81
17.88%

.96
.84
8.07%

.84
.83
5.35%

12.67%
12.21

18.82%
13.26

15.55%
13.49

17.31%
13.59

-36.98
-.28

31.77
.72

7.86
.18

27.94
.67

Financial Statement Analysis of Financia

First Pak Modaraba


2008
Items
A.Total equity (A1 to A3)
96,920.
1.Certificate capital
125,400.
2.Reserves
15,710.
-44190
3.Unappropriated profit
4.Others
0.0
B.Total liabilities (B1 + B2)
5,240.
1.Current liabilities
3,932.
2.Non-current liabilities
1,308.
C.Total assets (C1+C2)
102,160.
1.Current assets (a + b)
96,590.
a.Cash and banks balances
44,470.
b.Other current assets
52,120.
2.Non-current assets (a + b + c)
5,570.
a.Fixed assets
80.
b.Long-term investments
0.0
c.Other non-current assets
5,490.
D.Profit & loss account
1.Gross revenue(loss)
14,282.
2.Operating expenses
3,319.
3.Operating profit
10,963.
4.Modaraba co's management fees
490.
5.Profit/(loss) before taxation
6,121.
6.Profit/(loss) after taxation
5,631.
E.Other items
1.No. of certificates (000)
12,540.
2.Cash dividend
3.%
3.Stock dividend/bonus shares
0.0
-6315
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
5.81%
2.Return on capital employed (ROCE) (D5/(C-B1))
6.23%
3.Return on assets (ROA) (D6/C)
5.51%
4.Return on revenue (D6/D1)
39.43%
5.Operating expenses to net income (D2/D6)
58.94%
6.Management expenses (D4/D2)
14.76%
7.Earning Per Certificate (D6/E1)
.45
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
24.57
2.Total liabilities to total assets (B/C) (times)
.05
3.Long term investment to total assets (C2b/C)
0.0
H.Capital /leverage ratios
1.Capital ratio (A/C)
94.87%
2.Break up value per certificate (A/E1)
7.73
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) -1.12
2.Cash generated from operating activities to current liabilities (E4/B1) (times)-1.61

144

2012

inancial Statement Analysis of Financial Sector

2009

2010

59,416.
66,313.
125,400.
125,400.
15,466.
18,225.
-81450
-77312
0.0
0.0
4,784.
5,373.
4,175.
4,939.
609.
434.
64,200.
71,686.
60,771.
69,968.
1,532.
37,759.
59,239.
32,209.
3,429.
1,718.
124.
1,475.
0.0
0.0
3,305.
243.
3,574.
3,579.
-5
0.0 -766
33,498.
33,498.

(Thousand Rupees)
2011
2012
75,983.
72,853.
125,400.
125,400.
20,911.
21,288.
-70328
-73835
0.0
0.0
5,943.
5,713.
5,478.
5,426.
465.
287.
81,926.
78,566.
79,970.
76,537.
19,292.
9,086.
60,678.
67,451.
1,956.
2,029.
1,691.
548.
0.0
0.0
265.
1,481.

9,328.
4,646.
4,682.

8,831.
4,777.
4,054.
-1498

6,396.
6,897.

13,483.
13,432.

8,199.
4,800.
3,399.
0.0
1,878.
1,886.

12,540.
0.0
0.0
-45608

12,540.
3.%
0.0
19,167.

12,540.
12,540.
4.%
1.2%
0.0
0.0
11,997. -2015

56.38%
55.81%
52.18%
937.27%
10.68%
0.0
2.67

10.4%
9.58%
9.62%
73.94%
67.36%
-16.49%
.55

17.68%
17.64%
16.4%
152.1%
35.56%
-31.36%
1.07

2.59%
2.57%
2.4%
23.%
254.51%
0.0
.15

14.56
.07
0.0

14.17
.07
0.0

14.6
.07
0.0

14.11
.07
0.0

92.55%
4.74

92.5%
5.29

92.75%
6.06

92.73%
5.81

-1.36
-10.92

2.78
3.88

.89
2.19

-1.07
-.37

Financial Statement Analysis of Financia

First Paramount Modaraba


2008
Items
A.Total equity (A1 to A3)
108,957.
1.Certificate capital
58,633.
2.Reserves
41,229.
3.Unappropriated profit
9,095.
4.Others
0.0
B.Total liabilities (B1 + B2)
96,827.
1.Current liabilities
78,899.
2.Non-current liabilities
17,928.
C.Total assets (C1+C2)
205,784.
1.Current assets (a + b)
107,105.
a.Cash and banks balances
37,777.
b.Other current assets
69,328.
2.Non-current assets (a + b + c)
98,679.
a.Fixed assets
53,830.
b.Long-term investments
3,577.
c.Other non-current assets
41,272.
D.Profit & loss account
1.Gross revenue(loss)
28,339.
2.Operating expenses
6,936.
3.Operating profit
21,403.
4.Modaraba co's management fees
1,373.
5.Profit/(loss) before taxation
12,359.
6.Profit/(loss) after taxation
12,359.
E.Other items
1.No. of certificates (000)
5,863.
2.Cash dividend
14.%
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
33,147.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
11.34%
2.Return on capital employed (ROCE) (D5/(C-B1))
9.74%
3.Return on assets (ROA) (D6/C)
6.01%
4.Return on revenue (D6/D1)
43.61%
5.Operating expenses to net income (D2/D6)
56.12%
6.Management expenses (D4/D2)
19.8%
7.Earning Per Certificate (D6/E1)
2.11
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
1.36
2.Total liabilities to total assets (B/C) (times)
.47
3.Long term investment to total assets (C2b/C)
1.74%
H.Capital /leverage ratios
1.Capital ratio (A/C)
52.95%
2.Break up value per certificate (A/E1)
18.58
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) 2.68
2.Cash generated from operating activities to current liabilities (E4/B1) (times) .42

145

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
118,845.
126,764.
144,006.
153,805.
58,633.
58,633.
58,633.
58,633.
50,277.
56,127.
50,323.
61,407.
9,935.
12,004.
35,050.
33,765.
0.0
0.0
0.0
0.0
108,391.
121,778.
101,430.
115,362.
92,633.
103,623.
61,614.
42,063.
15,758.
18,155.
39,816.
73,299.
227,236.
248,542.
245,436.
269,167.
141,753.
184,095.
131,820.
164,523.
17,113.
30,310.
3,585.
18,954.
124,640.
153,785.
128,235.
145,569.
85,483.
64,447.
113,616.
104,644.
59,510.
29,104.
31,584.
31,699.
22,847.
35,340.
82,024.
72,937.
3,126.
3.
8.
8.
39,194.
6,679.
32,515.
2,011.
18,098.
18,098.

28,356.
14,476.
13,880.
731.
16,713.
16,713.

38,914.
18,562.
20,352.
1,440.
27,796.
27,796.

47,673.
18,308.
29,365.
2,933.
23,573.
23,573.

5,863.
15.%
0.0
25,305.

5,863.
5,863.
18.%
23.5%
0.0
0.0
19,587. -16004

5,863.
21.%
0.0
24,383.

15.23%
13.45%
7.96%
46.18%
36.9%
30.11%
3.09

13.18%
11.53%
6.72%
58.94%
86.62%
5.05%
2.85

19.3%
15.12%
11.33%
71.43%
66.78%
7.76%
4.74

15.33%
10.38%
8.76%
49.45%
77.67%
16.02%
4.02

1.53
.48
10.05%

1.78
.49
14.22%

2.14
.41
33.42%

3.91
.43
27.1%

52.3%
20.27

51.%
21.62

58.67%
24.56

57.14%
26.23

1.4
.27

1.17
.19

-.58
-.26

1.03
.58

Financial Statement Analysis of Financia

First Prudential Modaraba


2008
Items
A.Total equity (A1 to A3)
601,944.
1.Certificate capital
872,177.
2.Reserves
113,586.
-383819
3.Unappropriated profit
4.Others
0.0
B.Total liabilities (B1 + B2)
151,660.
1.Current liabilities
90,195.
2.Non-current liabilities
61,465.
C.Total assets (C1+C2)
753,604.
1.Current assets (a + b)
498,192.
a.Cash and banks balances
161,758.
b.Other current assets
336,434.
2.Non-current assets (a + b + c)
255,412.
a.Fixed assets
196,239.
b.Long-term investments
6,809.
c.Other non-current assets
52,364.
D.Profit & loss account
1.Gross revenue(loss)
148,549.
2.Operating expenses
17,934.
3.Operating profit
130,615.
4.Modaraba co's management fees
4,623.
5.Profit/(loss) before taxation
41,788.
6.Profit/(loss) after taxation
41,455.
E.Other items
1.No. of certificates (000)
87,218.
2.Cash dividend
3.%
3.Stock dividend/bonus shares
0.0
-17336
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
6.89%
2.Return on capital employed (ROCE) (D5/(C-B1))
6.3%
3.Return on assets (ROA) (D6/C)
5.5%
4.Return on revenue (D6/D1)
27.91%
5.Operating expenses to net income (D2/D6)
43.26%
6.Management expenses (D4/D2)
25.78%
7.Earning Per Certificate (D6/E1)
.48
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
5.52
2.Total liabilities to total assets (B/C) (times)
.2
3.Long term investment to total assets (C2b/C)
.9%
H.Capital /leverage ratios
1.Capital ratio (A/C)
79.88%
2.Break up value per certificate (A/E1)
6.9
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) -.42
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -.19

146

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
472,061.
505,488.
512,997.
519,608.
872,177.
872,177.
872,177.
872,177.
113,586.
120,245.
126,899.
133,492.
-513702
-486934
-486079
-486061
0.0
0.0
0.0
0.0
109,666.
64,478.
59,127.
71,656.
80,295.
45,412.
32,278.
38,758.
29,371.
19,066.
26,849.
32,898.
581,727.
569,966.
572,124.
591,264.
415,671.
430,375.
462,482.
440,827.
98,265.
288,557.
24,763.
90,368.
317,406.
141,818.
437,719.
350,459.
166,056.
139,591.
109,642.
150,437.
117,129.
85,179.
66,500.
108,094.
7,286.
7,277.
7,721.
6,447.
41,641.
47,135.
35,421.
35,896.
119,615.
16,270.
103,345.
-103260
-103718

87,636.
18,851.
68,785.
0.0
32,835.
33,293.

87,176.
17,147.
70,029.
3,697.
33,270.
33,270.

91,329.
14,848.
76,481.
1,735.
32,969.
32,969.

87,218.
0.0
0.0
-17336

87,218.
3.%
0.0
90,373.

87,218.
3.%
0.0
62,649.

87,218.
3.%
0.0
74,543.

-21.97%
-20.59%
-17.83%
-86.71%
-15.69%
0.0
-1.19

6.59%
6.26%
5.84%
37.99%
56.62%
0.0
.38

6.49%
6.16%
5.82%
38.16%
51.54%
21.56%
.38

6.34%
5.97%
5.58%
36.1%
45.04%
11.69%
.38

5.18
.19
1.25%

9.48
.11
1.28%

14.33
.1
1.35%

11.37
.12
1.09%

81.15%
5.41

88.69%
5.8

89.67%
5.88

87.88%
5.96

.17
-.22

2.71
1.99

1.88
1.94

2.26
1.92

Financial Statement Analysis of Financia

First Punjab Modaraba


2008
Items
A.Total equity (A1 to A3)
443,635.
1.Certificate capital
340,200.
2.Reserves
110,684.
-7249
3.Unappropriated profit
4.Others
0.0
B.Total liabilities (B1 + B2)
3,150,969.
1.Current liabilities
2,021,160.
2.Non-current liabilities
1,129,809.
C.Total assets (C1+C2)
3,594,604.
1.Current assets (a + b)
1,724,383.
a.Cash and banks balances
38,611.
b.Other current assets
1,685,772.
2.Non-current assets (a + b + c)
1,870,221.
a.Fixed assets
1,802,881.
b.Long-term investments
10,785.
c.Other non-current assets
56,555.
D.Profit & loss account
1.Gross revenue(loss)
715,988.
2.Operating expenses
18,172.
3.Operating profit
697,816.
4.Modaraba co's management fees
1,891.
5.Profit/(loss) before taxation
17,019.
6.Profit/(loss) after taxation
17,019.
E.Other items
1.No. of certificates (000)
34,020.
2.Cash dividend
3.2%
3.Stock dividend/bonus shares
0.0
-1473786
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
3.84%
2.Return on capital employed (ROCE) (D5/(C-B1))
1.08%
3.Return on assets (ROA) (D6/C)
.47%
4.Return on revenue (D6/D1)
2.38%
5.Operating expenses to net income (D2/D6)
106.77%
6.Management expenses (D4/D2)
10.41%
7.Earning Per Certificate (D6/E1)
.5
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
.85
2.Total liabilities to total assets (B/C) (times)
.88
3.Long term investment to total assets (C2b/C)
.3%
H.Capital /leverage ratios
1.Capital ratio (A/C)
12.34%
2.Break up value per certificate (A/E1)
13.04
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) -86.6
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -.73

147

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
362,998.
370,029.
296,446.
142,698.
340,200.
340,200.
340,200.
340,200.
110,683.
114,199.
114,199.
128,065.
-87885
-84370
-157953
-325567
0.0
0.0
0.0
0.0
2,683,043.
2,295,069.
2,331,908.
1,767,981.
1,350,630.
1,188,896.
2,137,496.
1,622,398.
1,332,413.
1,106,173.
194,412.
145,583.
3,046,041.
2,665,098.
2,628,354.
1,910,679.
1,318,999.
1,143,033.
1,344,489.
1,099,166.
26,434.
42,247.
182,411.
58,509.
1,292,565.
1,100,786.
1,162,078.
1,040,657.
1,727,042.
1,522,065.
1,283,865.
811,513.
1,633,185.
1,447,816.
1,198,450.
743,457.
38,032.
19,553.
38,722.
21,622.
55,825.
54,696.
46,693.
46,434.
1,127,458.
24,129.
1,103,329.
0.0
90,829.
90,829.

990,266.
853,732.
617,354.
26,650.
32,608.
33,706.
963,616.
821,124.
583,648.
0.0
0.0
0.0
-167613
7,031. -70182
-167613
7,031. -70182

34,020.
0.0
0.0
488,814.

34,020.
1.%
0.0
317,145.

34,020.
0.0
0.0
90,069.

34,020.
0.0
0.0
348,219.

25.02%
5.36%
2.98%
8.06%
26.57%
0.0
2.67

1.9%
.48%
.26%
.71%
379.04%
0.0
.21

-23.67%
-14.3%
-2.67%
-8.22%
-46.46%
0.0
-2.06

-117.46%
-58.14%
-8.77%
-27.15%
-20.11%
0.0
-4.93

.98
.88
1.25%

.96
.86
.73%

.63
.89
1.47%

.68
.93
1.13%

11.92%
10.67

13.88%
10.88

11.28%
8.71

7.47%
4.19

5.38
.36

45.11
.27

-1.28
.04

-2.08
.21

Financial Statement Analysis of Financia

Standard Chartered Modaraba


2008
Items
A.Total equity (A1 to A3)
892,332.
1.Certificate capital
453,835.
2.Reserves
351,533.
3.Unappropriated profit
86,964.
4.Others
0.0
B.Total liabilities (B1 + B2)
2,183,668.
1.Current liabilities
1,782,628.
2.Non-current liabilities
401,040.
C.Total assets (C1+C2)
3,076,000.
1.Current assets (a + b)
1,253,455.
a.Cash and banks balances
16,420.
b.Other current assets
1,237,035.
2.Non-current assets (a + b + c)
1,822,545.
a.Fixed assets
4,036.
b.Long-term investments
1,818,509.
c.Other non-current assets
0.0
D.Profit & loss account
1.Gross revenue(loss)
273,008.
2.Operating expenses
42,873.
3.Operating profit
230,135.
4.Modaraba co's management fees
10,811.
5.Profit/(loss) before taxation
97,299.
6.Profit/(loss) after taxation
97,299.
E.Other items
1.No. of certificates (000)
45,383.
2.Cash dividend
16.%
3.Stock dividend/bonus shares
0.0
-296283
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
10.9%
2.Return on capital employed (ROCE) (D5/(C-B1))
7.52%
3.Return on assets (ROA) (D6/C)
3.16%
4.Return on revenue (D6/D1)
35.64%
5.Operating expenses to net income (D2/D6)
44.06%
6.Management expenses (D4/D2)
25.22%
7.Earning Per Certificate (D6/E1)
2.14
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
.7
2.Total liabilities to total assets (B/C) (times)
.71
3.Long term investment to total assets (C2b/C)
59.12%
H.Capital /leverage ratios
1.Capital ratio (A/C)
29.01%
2.Break up value per certificate (A/E1)
19.66
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) -3.05
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -.17

148

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
923,617.
928,614.
938,070.
960,694.
453,835.
453,835.
453,835.
453,835.
372,313.
388,289.
405,611.
425,793.
97,469.
86,490.
78,624.
81,066.
0.0
0.0
0.0
0.0
2,513,566.
2,676,451.
3,223,039.
5,170,931.
2,052,797.
2,317,417.
2,844,695.
4,480,681.
460,769.
359,034.
378,344.
690,250.
3,437,183.
3,605,065.
4,161,109.
6,131,625.
1,022,736.
1,131,602.
774,051.
740,526.
42,742.
77,804.
22,378.
10,315.
979,994.
1,053,798.
751,673.
730,211.
2,414,447.
2,473,463.
3,387,058.
5,391,099.
3,650.
1,953,662.
2,968,010.
4,336,366.
2,410,797.
519,601.
418,446.
1,054,417.
0.0
200.
602.
316.
513,324.
41,354.
471,970.
11,544.
103,899.
103,899.
45,383.
16.5%
0.0
-84021

850,201.
46,744.
802,980.
9,292.
79,880.
79,880.

1,121,884.
53,315.
1,068,569.
9,819.
86,607.
86,607.

1,679,681.
67,322.
1,612,359.
11,441.
100,911.
100,911.

45,383.
45,383.
45,383.
17.%
17.25%
17.5%
0.0
0.0
0.0
-1587546
251,783. -638235

11.25%
7.51%
3.02%
20.24%
39.8%
27.92%
2.29

8.6%
6.2%
2.22%
9.4%
58.52%
19.88%
1.76

9.23%
6.58%
2.08%
7.72%
61.56%
18.42%
1.91

10.5%
6.11%
1.65%
6.01%
66.71%
16.99%
2.22

.5
.73
70.14%

.49
.74
14.41%

.27
.77
10.06%

.17
.84
17.2%

26.87%
20.35

25.76%
20.46

22.54%
20.67

15.67%
21.17

-.81
-.04

3.15
.11

-7.37
-.22

-15.73
-.35

Financial Statement Analysis of Financia

First Treet Manufacaturing Modaraba


2008
Items
A.Total equity (A1 to A3)
111,649.
1.Certificate capital
142,857.
2.Reserves
0.0
-31208
3.Unappropriated profit
4.Others
0.0
B.Total liabilities (B1 + B2)
423,589.
1.Current liabilities
39,754.
2.Non-current liabilities
383,835.
C.Total assets (C1+C2)
535,238.
1.Current assets (a + b)
378,932.
a.Cash and banks balances
16,539.
b.Other current assets
362,393.
2.Non-current assets (a + b + c)
156,306.
a.Fixed assets
156,266.
b.Long-term investments
0.0
c.Other non-current assets
40.
D.Profit & loss account
1.Gross revenue(loss)
489,112.
2.Operating expenses
19,877.
3.Operating profit
1.
4.Modaraba co's management fees
0.0
-15618
5.Profit/(loss) before taxation
-15618
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates (000)
14,286.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-242943
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
-13.99%
2.Return on capital employed (ROCE) (D5/(C-B1))
-3.15%
3.Return on assets (ROA) (D6/C)
-2.92%
4.Return on revenue (D6/D1)
-3.19%
5.Operating expenses to net income (D2/D6)
-127.27%
6.Management expenses (D4/D2)
0.0
7.Earning Per Certificate (D6/E1)
-1.09
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
9.53
2.Total liabilities to total assets (B/C) (times)
.79
3.Long term investment to total assets (C2b/C)
0.0
H.Capital /leverage ratios
1.Capital ratio (A/C)
20.86%
2.Break up value per certificate (A/E1)
7.82
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) 15.56
2.Cash generated from operating activities to current liabilities (E4/B1) (times)-6.11

149

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
428,285.
476,801.
878,189.
1,010,846.
500,000.
500,000.
800,000.
800,000.
0.0
24,258.
85,872.
179,960.
-71715
-47457
-7683
30,886.
0.0
0.0
0.0
504,000.
327,498.
471,211.
550,453.
150,354.
327,498.
264,521.
93,342.
150,354.
0.0
206,690.
457,111.
0.0
755,783.
948,012.
1,428,642.
1,665,200.
525,747.
609,334.
1,075,593.
1,313,386.
64,775.
38,627.
58,762.
367,208.
460,972.
570,707.
1,016,831.
946,178.
230,036.
338,678.
353,049.
351,814.
229,996.
323,704.
341,557.
322,813.
40.
14,974.
11,492.
29,001.
0.0
0.0
0.0
0.0
965,983.
28,623.
937,360.
0.0
-40507
-40507

119,001.
44,722.
74,279.
0.0
48,516.
48,516.

185,672.
60,891.
124,781.
0.0
123,228.
123,228.

279,655.
93,749.
185,906.
0.0
188,177.
188,177.

50,000.
50,000.
80,000.
0.0
0.0
0.0
0.0
0.0
0.0
-139423
-21958
-264449

80,000.
0.0
0.0
344,288.

-9.46%
-9.46%
-5.36%
-4.19%
-70.66%
0.0
-.81

10.18%
7.1%
5.12%
40.77%
92.18%
0.0
.97

14.03%
9.23%
8.63%
66.37%
49.41%
0.0
1.54

18.62%
12.42%
11.3%
67.29%
49.82%
0.0
2.35

1.61
.43
.01%

2.3
.5
1.58%

11.52
.39
.8%

8.74
.09
1.74%

56.67%
8.57

50.29%
9.54

61.47%
10.98

60.7%
12.64

3.44
-.43

-.45
-.08

-2.15
-2.83

1.83
2.29

Financial Statement Analysis of Financia

First Tri-Star Modaraba


2008
Items
A.Total equity (A1 to A3)
199,858.
1.Certificate capital
211,631.
2.Reserves
26,176.
-37949
3.Unappropriated profit
-11890
4.Others
B.Total liabilities (B1 + B2)
37,633.
1.Current liabilities
37,633.
2.Non-current liabilities
0.0
C.Total assets (C1+C2)
225,601.
1.Current assets (a + b)
132,947.
a.Cash and banks balances
269.
b.Other current assets
132,678.
2.Non-current assets (a + b + c)
92,654.
a.Fixed assets
8,909.
b.Long-term investments
83,720.
c.Other non-current assets
25.
D.Profit & loss account
1.Gross revenue(loss)
3,847.
2.Operating expenses
3,342.
3.Operating profit
505.
4.Modaraba co's management fees
0.0
5.Profit/(loss) before taxation
504.
6.Profit/(loss) after taxation
504.
E.Other items
1.No. of certificates (000)
21,163.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-7003
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
.25%
2.Return on capital employed (ROCE) (D5/(C-B1))
.27%
3.Return on assets (ROA) (D6/C)
.22%
4.Return on revenue (D6/D1)
13.1%
5.Operating expenses to net income (D2/D6)
663.1%
6.Management expenses (D4/D2)
0.0
7.Earning Per Certificate (D6/E1)
.02
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
3.53
2.Total liabilities to total assets (B/C) (times)
.17
3.Long term investment to total assets (C2b/C)
37.11%
H.Capital /leverage ratios
1.Capital ratio (A/C)
88.59%
2.Break up value per certificate (A/E1)
9.44
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)-13.89
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -.19

150

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
211,121.
208,545.
207,015.
207,015.
211,631.
211,631.
211,631.
211,631.
28,451.
30,053.
30,053.
30,053.
-28961
-33139
-34669
-34669
-17269
-18267
-17707
-17707
22,480.
70,768.
78,163.
78,163.
22,480.
70,768.
78,163.
78,163.
0.0
0.0
0.0
0.0
216,332.
261,046.
267,471.
267,471.
128,853.
177,207.
186,435.
186,435.
113.
1,686.
1,134.
1,134.
128,740.
175,521.
185,301.
185,301.
87,479.
83,839.
81,036.
81,036.
274.
244.
326.
326.
80,426.
79,183.
79,166.
79,166.
6,779.
4,412.
1,544.
1,544.
16,303.
3,772.
12,531.
1,265.
11,263.
11,263.

12,486.
2,560.
2,560.
3,678.
4,089.
4,089.
-1529
8,808. -1529
801.
0.0
0.0
-1530
8,006. -1530
-1530
8,006. -1530

21,163.
21,163.
21,163.
21,163.
5.%
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-490
-490
473. -7715
5.33%
5.81%
5.21%
69.09%
33.49%
33.54%
.53

3.84%
4.21%
3.07%
64.12%
45.94%
21.78%
.38

-.74%
-.81%
-.57%
-59.77%
-267.25%
0.0
-.07

-.74%
-.81%
-.57%
-59.77%
-267.25%
0.0
-.07

5.73
.1
37.18%

2.5
.27
30.33%

2.39
.29
29.6%

2.39
.29
29.6%

97.59%
9.98

79.89%
9.85

77.4%
9.78

77.4%
9.78

.04
.02

-.96
-.11

.32
-.01

.32
-.01

Financial Statement Analysis of Financia

Trust Modaraba
2008
Items
A.Total equity (A1 to A3)
243,563.
1.Certificate capital
273,000.
-29437
2.Reserves
3.Unappropriated profit
0.0
4.Others
0.0
B.Total liabilities (B1 + B2)
28,005.
1.Current liabilities
25,943.
2.Non-current liabilities
2,062.
C.Total assets (C1+C2)
271,568.
1.Current assets (a + b)
203,502.
a.Cash and banks balances
3,205.
b.Other current assets
200,297.
2.Non-current assets (a + b + c)
68,066.
a.Fixed assets
45,830.
b.Long-term investments
21,953.
c.Other non-current assets
283.
D.Profit & loss account
1.Gross revenue(loss)
18,674.
2.Operating expenses
15,757.
3.Operating profit
2,917.
4.Modaraba co's management fees
0.0
-1933
5.Profit/(loss) before taxation
-1671
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates (000)
27,300.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
44,262.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
-.69%
2.Return on capital employed (ROCE) (D5/(C-B1))
-.79%
3.Return on assets (ROA) (D6/C)
-.62%
4.Return on revenue (D6/D1)
-8.95%
5.Operating expenses to net income (D2/D6)
-942.97%
6.Management expenses (D4/D2)
0.0
7.Earning Per Certificate (D6/E1)
-.06
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
7.84
2.Total liabilities to total assets (B/C) (times)
.1
3.Long term investment to total assets (C2b/C)
8.08%
H.Capital /leverage ratios
1.Capital ratio (A/C)
89.69%
2.Break up value per certificate (A/E1)
8.92
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)-26.49
2.Cash generated from operating activities to current liabilities (E4/B1) (times)1.71

151

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
257,029.
279,582.
283,389.
280,647.
298,000.
298,000.
298,000.
298,000.
-40971
49,852.
60,361.
61,578.
-74972
-78931
0.0 -68270
0.0
0.0
0.0
0.0
43,023.
91,552.
93,825.
119,899.
15,551.
33,605.
27,052.
58,533.
27,472.
57,947.
66,773.
61,366.
300,052.
371,134.
377,214.
400,546.
189,713.
185,059.
191,959.
206,117.
8,161.
8,314.
16,777.
24,539.
181,552.
176,745.
175,182.
181,578.
110,339.
186,075.
185,255.
194,429.
89,797.
163,188.
166,923.
176,560.
20,328.
11,359.
11,523.
9,982.
214.
11,528.
6,809.
7,887.
47,498.
14,088.
33,410.
0.0
33,087.
33,087.

59,305.
8,950.
50,355.
2,272.
20,451.
23,397.

73,690.
13,703.
59,987.
2,335.
21,019.
21,019.

84,972.
17,067.
67,905.
1,346.
12,110.
12,110.

29,800.
0.0
0.0
56,419.

29,800.
5.%
0.0
94,764.

29,800.
5.%
0.0
56,182.

29,800.
0.0
0.0
72,553.

12.87%
11.63%
11.03%
69.66%
42.58%
0.0
1.11

8.37%
6.06%
6.3%
39.45%
38.25%
25.39%
.79

7.42%
6.%
5.57%
28.52%
65.19%
17.04%
.71

4.32%
3.54%
3.02%
14.25%
140.93%
7.89%
.41

12.2
.14
6.77%

5.51
.25
3.06%

7.1
.25
3.05%

3.52
.3
2.49%

85.66%
8.63

75.33%
9.38

75.13%
9.51

70.07%
9.42

1.71
3.63

4.05
2.82

2.67
2.08

5.99
1.24

Financial Statement Analysis of Financia

First UDL Modaraba


2008
Items
A.Total equity (A1 to A3)
439,590.
1.Certificate capital
263,866.
2.Reserves
127,761.
3.Unappropriated profit
47,963.
-1436
4.Others
B.Total liabilities (B1 + B2)
150,044.
1.Current liabilities
30,400.
2.Non-current liabilities
119,644.
C.Total assets (C1+C2)
588,198.
1.Current assets (a + b)
443,867.
a.Cash and banks balances
226,524.
b.Other current assets
217,343.
2.Non-current assets (a + b + c)
144,331.
a.Fixed assets
88,293.
b.Long-term investments
55,964.
c.Other non-current assets
74.
D.Profit & loss account
1.Gross revenue(loss)
69,083.
2.Operating expenses
11,114.
3.Operating profit
57,969.
4.Modaraba co's management fees
6,233.
5.Profit/(loss) before taxation
56,093.
6.Profit/(loss) after taxation
56,093.
E.Other items
1.No. of certificates (000)
26,386.
2.Cash dividend
10.%
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
67,326.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
12.76%
2.Return on capital employed (ROCE) (D5/(C-B1))
10.06%
3.Return on assets (ROA) (D6/C)
9.54%
4.Return on revenue (D6/D1)
81.2%
5.Operating expenses to net income (D2/D6)
19.81%
6.Management expenses (D4/D2)
56.08%
7.Earning Per Certificate (D6/E1)
2.13
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
14.6
2.Total liabilities to total assets (B/C) (times)
.26
3.Long term investment to total assets (C2b/C)
9.51%
H.Capital /leverage ratios
1.Capital ratio (A/C)
74.74%
2.Break up value per certificate (A/E1)
16.66
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) 1.2
2.Cash generated from operating activities to current liabilities (E4/B1) (times)2.21

152

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
450,296.
474,679.
494,865.
504,804.
263,866.
263,866.
263,866.
263,866.
146,307.
161,538.
183,426.
193,330.
40,123.
49,275.
47,573.
47,608.
-115
25.
485. -203
163,626.
165,131.
165,266.
211,241.
38,470.
41,164.
35,266.
44,688.
125,156.
123,967.
130,000.
166,553.
613,947.
640,295.
659,928.
715,930.
433,941.
456,807.
466,860.
354,580.
59,740.
61,338.
250,848.
172,466.
374,201.
395,469.
216,012.
182,114.
180,006.
183,488.
193,068.
361,350.
107,290.
96,218.
149,875.
291,801.
72,642.
87,196.
42,218.
69,475.
74.
74.
975.
74.
90,164.
13,804.
76,360.
4,121.
37,093.
37,093.

105,954.
15,442.
90,512.
5,641.
50,768.
50,768.

146,409.
19,924.
126,485.
8,160.
73,442.
73,960.

155,209.
25,520.
129,689.
5,502.
49,518.
49,518.

26,386.
10.%
0.0
-85684

26,386.
12.5%
0.0
73,919.

26,386.
17.5%
0.0
283,764.

26,386.
15.%
0.0
136,278.

8.24%
6.45%
6.04%
41.14%
37.21%
29.85%
1.41

10.7%
8.47%
7.93%
47.92%
30.42%
36.53%
1.92

14.95%
11.76%
11.21%
50.52%
26.94%
40.96%
2.8

9.81%
7.38%
6.92%
31.9%
51.54%
21.56%
1.88

11.28
.27
11.83%

11.1
.26
13.62%

13.24
.25
6.4%

7.93
.3
9.7%

73.34%
17.07

74.13%
17.99

74.99%
18.75

70.51%
19.13

-2.31
-2.23

1.46
1.8

3.84
8.05

2.75
3.05

Financial Statement Analysis of Financia

Unicap Modaraba
2008
Items
A.Total equity (A1 to A3)
1,953.
1.Certificate capital
136,400.
2.Reserves
8,739.
-143186
3.Unappropriated profit
4.Others
0.0
B.Total liabilities (B1 + B2)
3,622.
1.Current liabilities
3,622.
2.Non-current liabilities
0.0
C.Total assets (C1+C2)
5,575.
1.Current assets (a + b)
731.
a.Cash and banks balances
647.
b.Other current assets
84.
2.Non-current assets (a + b + c)
4,844.
a.Fixed assets
0.0
b.Long-term investments
4,844.
c.Other non-current assets
0.0
D.Profit & loss account
1.Gross revenue(loss)
397.
2.Operating expenses
265.
3.Operating profit
132.
4.Modaraba co's management fees
0.0
5.Profit/(loss) before taxation
784.
6.Profit/(loss) after taxation
784.
E.Other items
1.No. of certificates (000)
13,640.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
633.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
40.14%
2.Return on capital employed (ROCE) (D5/(C-B1))
40.14%
3.Return on assets (ROA) (D6/C)
14.06%
4.Return on revenue (D6/D1)
197.48%
5.Operating expenses to net income (D2/D6)
33.8%
6.Management expenses (D4/D2)
0.0
7.Earning Per Certificate (D6/E1)
.06
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
.2
2.Total liabilities to total assets (B/C) (times)
.65
3.Long term investment to total assets (C2b/C)
86.89%
H.Capital /leverage ratios
1.Capital ratio (A/C)
35.03%
2.Break up value per certificate (A/E1)
.14
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) .81
2.Cash generated from operating activities to current liabilities (E4/B1) (times) .17

153

2012

inancial Statement Analysis of Financial Sector

2009

2010

1,953.
184.
136,400.
136,400.
8,739.
8,739.
-143186
-144955
0.0
0.0
3,622.
3,333.
3,622.
3,333.
0.0
0.0
5,575.
3,517.
731.
947.
647.
763.
84.
184.
4,844.
2,570.
0.0
0.0
4,844.
2,570.
0.0
0.0
397.
265.
132. -83
0.0
784. -83
784. -457
13,640.
0.0
0.0
633.

(Thousand Rupees)
2011
2012
-174
-359
136,400.
136,400.
8,739.
8,739.
-145313
-145498
0.0
0.0
3,326.
4,601.
3,326.
4,601.
0.0
0.0
3,152.
4,242.
594.
1,021.
428.
1,021.
166.
0.0
2,558.
3,221.
0.0
3,050.
2,558.
60.
0.0
111.

456.
539.

375.
720.
-345

0.0

521.
705.
-184

0.0
-357
-357

0.0
-182
-186

13,640.
13,640.
0.0
0.0
0.0
0.0
657. -334

13,640.
0.0
0.0
93.

40.14%
40.14%
14.06%
197.48%
33.8%
0.0
.06

-248.37%
-45.11%
-12.99%
-100.22%
-117.94%
0.0
-.03

205.17%
205.17%
-11.33%
-95.2%
-201.68%
0.0
-.03

51.81%
50.7%
-4.38%
-35.7%
-379.03%
0.0
-.01

.2
.65
86.89%

.28
.95
73.07%

.18
1.06
81.15%

.22
1.08
1.41%

35.03%
.14

5.23%
.01

-5.52%
-.01

-8.46%
-.03

.81
.17

-1.44
.2

.94
-.1

-.5
.02

E
P

XCHANGE OMPANIES
C
ERFORMANCE AT A

Exchange Companies exhibited an expansion in their balance sheet size durin


review. Total assets increased by 6.1 percent to stand at Rs 8.0 billion in CY12 a
billion in CY11.Increases in profit before and after taxation of 63.9 percent
respectively was recorded in CY12 over CY11.
A

NALYSIS OF ALANCE HEET


B OMPONENTS

Total equity increased from Rs 6.2 billion in


CY11 to Rs 6.7 billion in CY12 reflecting an
increase of 7.6 percent over CY11. Total
assets increased to Rs. 8.0 billion in CY12
from Rs. 7.6 billion in CY11, recording an
increase of 6.1 percent. Analysis also
revealed that exchange companies were held
around 50.8 percent of their total assets in the

form of highly liquid assets, i.e., cash and


bank balances because of their nature of
business. Further, the formation of total equity has mainly been through share
around 88.4 percent and 88.7 percent in CY11 and CY12 respectively.
P
ROFITABILITY AND
Gross revenue reached Rs 2.5 billion in CY12 showing an increase of 26.9 p
Administrative and general expenses increased from Rs 1.7 billion in CY11 to Rs
2500
1,963.1
1,711.3

2000
1500
Million Rs.

1000

500

0
CY 11
Revenue

Administrative and general expenses were 87.2 percent of the gross revenue in C
to 83.7 percent in CY12, showing increased operating efficiency in CY12 compar

Financial Statement Analysis of Financial Sector

LANCE

in their balance sheet size during the period under


stand at Rs 8.0 billion in CY12 as compared to Rs 7.6
after taxation of 63.9 percent and 61.0 percent

Components of Balance Sheet


9000
8000
7000
6000

800.%

5000
4000
Million Rs.
2000
1000
0

3000

Total Equity

CY 11
CY 12
Growth

6,201.9
6,672.9
800.%

has mainly been through share capital which was


nd CY12 respectively.
O
PERATING FFICIENCY
E
2 showing an increase of 26.9 percent over CY11.
from Rs 1.7 billion in CY11 to Rs 2.1 billion in CY12.
Profit After Taxation
2,490.7
2,084.8
700.
600.
500.
400.
300.
Million Rs.
200.

152.7

266.2
100
CY 12
0
Admin. And Gen. Exp.

CY 11

percent of the gross revenue in CY11 which decreased


rating efficiency in CY12 compared to CY11. Profit
154

of Financial Sector

2012

Components of Balance Sheet


2,000.%
1,000.%
600.%
0.0%
-200.%
-1,000.%
-2,000.%
Total

-3,000.%
Total Assets

Liabilities
1,355.1
7,584.6
1,327.3
8,045.4
-200.%
600.%

Profit Before Taxation

245.9

436.3

CY 12

Financial Statement Analysis of Financial Sector

before taxation increased from Rs 266.2 million in CY11 to Rs 436.3 million in CY


increase of 63.9 percent. Similarly, profit after taxation increased from Rs 152.7
Rs 245.9 million in CY12, recording an increase of 61.0 percent.
Return on capital employed (ROCE) and
ROE

Return on Assets (ROA) increased from 4.10


percent to 6.33 percent and 2.01 percent to
ROCE

3.06 percent respectively in CY12 over


CY11. Return on Equity also increased 2.46
ROA
2.%

percent in CY11 to 3.69 percent in CY12.


Breakup value per share increased from Rs.0.0
22.67 in CY11 to Rs. 23.33 in CY12.

155

2.%

2012

ment Analysis of Financial Sector

in CY11 to Rs 436.3 million in CY12 registering an

xation increased from Rs 152.7 million in CY11 to


of 61.0 percent.

3.7%
2.5%
6.3%
CY 12
4.1%
CY 11
3.1%

4.%

6.%

8.%

Financial Statement Analysis of Financia

Exchange Companies - Overall


2008
Items
A.Total equity (A1 to A3)
4,998,006.
1.Share capital
4,895,275.
2.Reserves
0.0
3.Accumulated profit (loss)
102,731.
4.Others
45,348.
B.Total liabilities (B1 to B2)
1,628,023.
1.Current liabilities
1,098,330.
2.Non-current liabilities
529,693.
C.Total assets (C1+C2)
6,671,377.
1.Current assets(a + b)
4,716,762.
a.Cash & bank balances
2,770,981.
b.Other assets
1,945,781.
2.Non-current assets (a + b)
1,954,615.
a.Fixed assets
750,108.
b.Other assets
1,204,507.
D.Profit & loss account
1.Revenue
1,656,131.
2.Administrative and general expenses
1,416,706.
3.Profit/(loss) before taxation
114,884.
4.Profit/(loss) after taxation
91,581.
E.Other items
1.No. of ordinary shares (000)
271,240.
2.Cash dividend
N/A
3.Stock dividend/bonus shares
N/A
-3407508
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
1.83%
2.Return on capital employed (ROCE) (D3/C-B1)
2.06%
3.Return on assets (ROA) (D4/C)
1.37%
4.Admin. expense to profit before tax. (D2/D3) (times)
12.33
5.Earning per share (D4/E1)
.34
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
41.54%
2.Cuurent assets to current liabilities (C1/B1) (times)
4.29
3.Total liabilities to total assets (B/C)
24.4%
H.Capital /leverage ratios
1.Capital ratio (A/C)
74.92%
2.Break up value per share (A/E1)
18.43
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)-37.21
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -3.1

156

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
4,505,890.
5,527,361.
6,201,867.
6,672,900.
4,130,275.
4,941,910.
5,485,544.
5,916,044.
25,000.
45,000.
65,000.
162,775.
350,615.
540,451.
651,323.
594,081.
50,967.
5,355.
27,555.
45,221.
1,612,473.
1,788,558.
1,355,137.
1,327,282.
1,316,888.
1,454,242.
1,084,704.
1,157,383.
295,585.
334,316.
270,433.
169,899.
6,169,330.
7,321,274.
7,584,559.
8,045,403.
4,473,486.
5,536,325.
5,564,756.
6,029,941.
2,776,536.
3,794,976.
3,834,681.
4,087,892.
1,696,950.
1,741,349.
1,730,075.
1,942,049.
1,695,844.
1,784,949.
2,019,803.
2,015,462.
631,224.
643,969.
677,553.
561,620.
1,064,620.
1,140,980.
1,342,250.
1,453,842.
1,661,192.
1,157,100.
426,736.
281,093.

1,886,101.
1,486,355.
386,327.
254,462.

217,240.
N/A
N/A

1,963,110.
1,711,264.
266,193.
152,745.

2,490,744.
2,084,773.
436,323.
245,948.

273,555.

286,005.

268,019.
N/A
N/A

N/A
N/A

N/A
N/A
345,777. -87

691,603.

215,008.

6.24%
8.79%
4.56%
2.71
1.29

4.6%
6.58%
3.48%
3.85
.95

2.46%
4.1%
2.01%
6.43
.56

3.69%
6.33%
3.06%
4.78
.86

45.01%
3.4
26.14%

51.83%
3.81
24.43%

50.56%
5.13
17.87%

50.81%
5.21
16.5%

73.04%
20.74

75.5%
20.62

81.77%
22.67

82.94%
23.33

2.46
.53

.84
.15

2.26
.32

0.0
0.0

Financial Statement Analysis of Financia

AA Exchange Co. (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
118,497.
1.Share capital
115,000.
2.Reserves
0.0
3.Accumulated profit (loss)
3,497.
4.Others
30,000.
B.Total liabilities (B1 to B2)
45,170.
1.Current liabilities
22,862.
2.Non-current liabilities
22,308.
C.Total assets (C1+C2)
193,667.
1.Current assets(a + b)
150,341.
a.Cash & bank balances
138,070.
b.Other assets
12,271.
2.Non-current assets (a + b)
43,326.
a.Fixed assets
6,292.
b.Other assets
37,034.
D.Profit & loss account
1.Revenue
22,607.
2.Administrative and general expenses
20,722.
3.Profit/(loss) before taxation
2,454.
4.Profit/(loss) after taxation
1,296.
E.Other items
1.No. of ordinary shares (000)
11,500.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
14,779.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
1.09%
2.Return on capital employed (ROCE) (D3/C-B1)
1.44%
3.Return on assets (ROA) (D4/C)
.67%
4.Admin. expense to profit before tax. (D2/D3) (times)
8.44
5.Earning per share (D4/E1)
.11
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
71.29%
2.Cuurent assets to current liabilities (C1/B1) (times)
6.58
3.Total liabilities to total assets (B/C)
23.32%
H.Capital /leverage ratios
1.Capital ratio (A/C)
61.19%
2.Break up value per share (A/E1)
10.3
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times) 11.4
2.Cash generated from operating activities to current liabilities (E4/B1) (times) .65

157

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
208,455.
211,619.
219,742.
225,706.
200,000.
200,000.
200,000.
200,000.
0.0
0.0
0.0
0.0
8,455.
11,619.
19,742.
25,706.
0.0
0.0
0.0
0.0
13,324.
113,495.
151,143.
225,334.
12,883.
110,497.
146,762.
219,896.
441.
2,998.
4,381.
5,438.
221,779.
325,114.
370,885.
451,040.
160,080.
229,909.
276,113.
352,724.
151,615.
171,084.
206,215.
197,817.
8,465.
58,825.
69,898.
154,907.
61,699.
95,205.
94,772.
98,316.
4,442.
33,090.
31,881.
33,695.
57,257.
62,115.
62,891.
64,621.
52,020.
43,362.
6,981.
4,957.

95,228.
87,977.
5,420.
3,164.

20,000.
0.0
0.0

20,000.
0.0
0.0
57,635.

2.38%
3.34%
2.24%
6.21
.25

1.5%
2.53%
.97%
16.23
.16

3.7%
5.31%
2.19%
8.14
.41

2.64%
4.22%
1.32%
13.69
.3

68.36%
12.43
6.01%

52.62%
2.08
34.91%

55.6%
1.88
40.75%

43.86%
1.6
49.96%

93.99%
10.42

65.09%
10.58

59.25%
10.99

50.04%
11.29

-.3
-.11

18.22
.52

4.84
.27

-.09
0.0

-1468

111,056.
96,843.
11,902.
8,123.

147,691.
133,508.
9,749.
5,964.

20,000.
20,000.
0.0
0.0
0.0
0.0
-539
39,335.

Financial Statement Analysis of Financia

Al-Hameed Int. Money Exchange (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
198,148.
1.Share capital
200,000.
2.Reserves
0.0
-1852
3.Accumulated profit (loss)
4.Others
4,826.
B.Total liabilities (B1 to B2)
28,396.
1.Current liabilities
26,900.
2.Non-current liabilities
1,496.
C.Total assets (C1+C2)
231,370.
1.Current assets(a + b)
52,105.
a.Cash & bank balances
23,714.
b.Other assets
28,391.
2.Non-current assets (a + b)
179,265.
a.Fixed assets
124,396.
b.Other assets
54,869.
D.Profit & loss account
1.Revenue
11,094.
2.Administrative and general expenses
7,877.
-660
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
1,049.
E.Other items
1.No. of ordinary shares (000)
200.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-19602
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
.53%
2.Return on capital employed (ROCE) (D3/C-B1)
-.32%
3.Return on assets (ROA) (D4/C)
.45%
4.Admin. expense to profit before tax. (D2/D3) (times)
-11.93
5.Earning per share (D4/E1)
5.25
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
10.25%
2.Cuurent assets to current liabilities (C1/B1) (times)
1.94
3.Total liabilities to total assets (B/C)
12.27%
H.Capital /leverage ratios
1.Capital ratio (A/C)
85.64%
2.Break up value per share (A/E1)
990.74
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)-18.69
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -.73

158

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
198,544.
199,585.
199,626.
204,769.
200,000.
200,000.
200,000.
200,000.
0.0
0.0
0.0
0.0
-1456
-415
-374
4,769.
4,584.
4,355.
4,137.
3,930.
33,916.
23,193.
19,969.
30,557.
31,944.
21,834.
18,514.
25,458.
1,972.
1,359.
1,455.
5,099.
237,044.
227,133.
223,732.
239,256.
59,597.
61,746.
64,846.
161,909.
15,146.
7,427.
9,055.
111,889.
44,451.
54,319.
55,791.
50,020.
177,447.
165,387.
158,886.
77,347.
119,111.
113,706.
108,886.
32,212.
58,336.
51,681.
50,000.
45,135.
8,158.
9,522.
630.
154.

5,520.
7,556.
9,266.
8,895.
10,206.
7,562.
-1527
243. -5084
-5263
812. -177

200.
0.0
0.0

200.
0.0
0.0

200.
0.0
0.0
1,746.

200.
0.0
0.0
13,725.

.08%
.31%
.06%
15.11
.77

.41%
.12%
.36%
36.6
4.06

-.09%
-2.48%
-.08%
-2.01
-.89

-2.57%
-.71%
-2.2%
-4.95
-26.32

6.39%
1.87
14.31%

3.27%
2.83
10.21%

4.05%
3.5
8.93%

46.77%
6.36
12.77%

83.76%
992.72

87.87%
997.93

89.23%
998.13

85.59%
1,023.85

-48.55
-.23

-9.21
-.34

-9.86
.09

-2.61
.54

-7477

-7477

Financial Statement Analysis of Financia

Al-Rahim Exchange Co. (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
199,356.
1.Share capital
205,410.
2.Reserves
-6054
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
636.
1.Current liabilities
636.
2.Non-current liabilities
C.Total assets (C1+C2)
199,992.
1.Current assets(a + b)
139,121.
a.Cash & bank balances
137,141.
b.Other assets
1,980.
2.Non-current assets (a + b)
60,871.
a.Fixed assets
9,334.
b.Other assets
51,537.
D.Profit & loss account
1.Revenue
6,409.
2.Administrative and general expenses
5,168.
3.Profit/(loss) before taxation
1,241.
4.Profit/(loss) after taxation
1,167.
E.Other items
1.No. of ordinary shares (000)
2,054.
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
7,610.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
.59%
2.Return on capital employed (ROCE) (D3/C-B1)
.62%
3.Return on assets (ROA) (D4/C)
.58%
4.Admin. expense to profit before tax. (D2/D3) (times)
4.16
5.Earning per share (D4/E1)
.57
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
68.57%
2.Cuurent assets to current liabilities (C1/B1) (times)
218.74
3.Total liabilities to total assets (B/C)
.32%
H.Capital /leverage ratios
1.Capital ratio (A/C)
99.68%
2.Break up value per share (A/E1)
97.06
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times) 6.52
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
11.97

159

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
200,662.
201,231.
205,015.
204,574.
205,410.
205,410.
205,410.
205,410.
0.0
0.0
0.0
-4748
-4179
-395
-836
0.0
0.0
0.0
788.
337.
276.
677.
788.
337.
276.
677.
0.0
0.0
0.0
201,450.
201,568.
205,291.
205,251.
141,096.
142,001.
145,122.
146,111.
140,310.
138,737.
141,403.
141,695.
786.
3,264.
3,719.
4,416.
60,354.
59,567.
60,169.
59,140.
8,776.
7,957.
7,132.
6,317.
51,578.
51,610.
53,037.
52,823.
4,712.
6,727. -8068
1,306.
1,306.
2,054.

619.
664.
569.

4,477.
7,021.
8,616.
11,017.
2,481. -70
3,783. -441

4,053.

2,054.
0.0
0.0
786.

2,054.
0.0
0.0
2,898.

2,054.
0.0
0.0
788.

.65%
.65%
.65%
5.15
.64

.28%
.33%
.28%
-12.15
.28

1.85%
1.21%
1.84%
3.47
1.84

-.22%
-.03%
-.21%
-157.39
-.21

69.65%
179.06
.39%

68.83%
421.37
.17%

68.88%
525.8
.13%

69.03%
215.82
.33%

99.61%
97.69

99.83%
97.97

99.87%
99.81

99.67%
99.59

3.1
5.14

1.38
2.33

.77
10.5

-1.79
1.16

Financial Statement Analysis of Financia

Al-Sahara Exchange Co. (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
195,212.
1.Share capital
200,000.
2.Reserves
0.0
-4788
3.Accumulated profit (loss)
4.Others
0.0
B.Total liabilities (B1 to B2)
6,069.
1.Current liabilities
6,069.
2.Non-current liabilities
0.0
C.Total assets (C1+C2)
201,281.
1.Current assets(a + b)
147,208.
a.Cash & bank balances
137,428.
b.Other assets
9,780.
2.Non-current assets (a + b)
54,073.
a.Fixed assets
3,920.
b.Other assets
50,153.
D.Profit & loss account
1.Revenue
39,058.
2.Administrative and general expenses
39,269.
3.Profit/(loss) before taxation
3,797.
4.Profit/(loss) after taxation
2,468.
E.Other items
1.No. of ordinary shares (000)
20,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
4,376.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
1.26%
2.Return on capital employed (ROCE) (D3/C-B1)
1.95%
3.Return on assets (ROA) (D4/C)
1.23%
4.Admin. expense to profit before tax. (D2/D3) (times)
10.34
5.Earning per share (D4/E1)
.12
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
68.28%
2.Cuurent assets to current liabilities (C1/B1) (times)
24.26
3.Total liabilities to total assets (B/C)
3.02%
H.Capital /leverage ratios
1.Capital ratio (A/C)
96.98%
2.Break up value per share (A/E1)
9.76
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times) 1.77
2.Cash generated from operating activities to current liabilities (E4/B1) (times) .72

160

2012

inancial Statement Analysis of Financial Sector

2009
-

(Thousand Rupees)
2010
2011
2012
193,335.
195,581.
211,852.
200,000.
200,000.
200,000.
0.0
0.0
0.0
-6665
-4419
11,852.
0.0
0.0
0.0
31,814.
41,601.
38,161.
31,814.
41,601.
38,161.
0.0
0.0
0.0
225,149.
237,182.
250,013.
172,779.
181,454.
195,763.
151,940.
175,204.
184,826.
20,839.
6,250.
10,937.
52,370.
55,728.
54,250.
2,197.
5,180.
4,214.
50,173.
50,548.
50,036.

0.0
2,410.
4,152.
2,699.

2,594.
5,548.
3,455.
2,245.

55,727.
48,951.
12,867.
16,271.

20,000.
0.0
0.0
0.0

1.4%
2.15%
1.2%
.58
.13

1.15%
1.77%
.95%
1.61
.11

7.68%
6.07%
6.51%
3.8
.81

67.48%
5.43
14.13%

73.87%
4.36
17.54%

73.93%
5.13
15.26%

85.87%
9.67

82.46%
9.78

84.74%
10.59

0.0
0.0

5.11
.28

-.06
-.02

20,000.
20,000.
0.0
0.0
0.0
0.0
-943
11,478.

Financial Statement Analysis of Financia

D. D Exchange Co. (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expenses
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4)-(times)
2.Cash generated from operating activities to current liabilities (E4/B1)
- (times)

161

2012

inancial Statement Analysis of Financial Sector

2009
-

2010
99,179.
100,000.
0.0
-821
0.0
1,691.
1,691.
0.0
100,870.
99,672.
99,306.
366.
1,198.
464.
734.

(Thousand Rupees)
2011
2012
94,580.
105,268.
100,000.
105,500.
0.0
0.0
-5420
-232
0.0
0.0
574.
2,464.
574.
2,464.
0.0
0.0
95,154.
107,732.
64,947.
72,926.
64,457.
72,068.
490.
858.
30,207.
34,806.
4,535.
6,124.
25,672.
28,682.

0.0
821.

1,681.
5,798.
-4582
-4599

19,322.
12,048.
3,426.
5,188.

10,000.
10,000.
0.0
0.0
0.0
0.0
-4893
586.

10,550.
0.0
0.0
5,715.

-821
-821

-.83%
-.83%
-.81%
-1.
-.08

-4.86%
-4.84%
-4.83%
-1.27
-.46

4.93%
3.25%
4.82%
3.52
.49

98.45%
58.94
1.68%

67.74%
113.15
.6%

66.9%
29.6
2.29%

98.32%
9.92

99.4%
9.46

97.71%
9.98

-.71
.35

1.06
-8.52

1.1
2.32

Financial Statement Analysis of Financia

Dollar East Exchange Co. (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
163,875.
1.Share capital
200,000.
2.Reserves
0.0
-36125
3.Accumulated profit (loss)
4.Others
1,700.
B.Total liabilities (B1 to B2)
71,030.
1.Current liabilities
71,030.
2.Non-current liabilities
0.0
C.Total assets (C1+C2)
236,605.
1.Current assets(a + b)
145,795.
a.Cash & bank balances
44,214.
b.Other assets
101,581.
2.Non-current assets (a + b)
90,810.
a.Fixed assets
26,886.
b.Other assets
63,924.
D.Profit & loss account
1.Revenue
82,406.
2.Administrative and general expenses
84,248.
3.Profit/(loss) before taxation
478.
4.Profit/(loss) after taxation
66.
E.Other items
1.No. of ordinary shares (000)
2,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-30930
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
.04%
2.Return on capital employed (ROCE) (D3/C-B1)
.29%
3.Return on assets (ROA) (D4/C)
.03%
4.Admin. expense to profit before tax. (D2/D3) (times)
176.25
5.Earning per share (D4/E1)
.03
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
18.69%
2.Cuurent assets to current liabilities (C1/B1) (times)
2.05
3.Total liabilities to total assets (B/C)
30.02%
H.Capital /leverage ratios
1.Capital ratio (A/C)
69.26%
2.Break up value per share (A/E1)
81.94
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
-468.64
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -.44

162

2012

inancial Statement Analysis of Financial Sector

2009
2010
169,434.
283,984.
200,000.
300,000.
0.0
0.0
-30566
-16016
0.0
0.0
217,859.
204,869.
216,159.
202,182.
1,700.
2,687.
387,293.
488,853.
294,820.
362,796.
26,990.
42,822.
267,830.
319,974.
92,473.
126,057.
28,715.
36,196.
63,758.
89,861.
105,399.
104,130.
8,713.
5,558.

117,167.
111,744.
11,991.
14,551.

2,000.
0.0
0.0

3,000.
0.0
0.0

-8068

-41700

(Thousand Rupees)
2011
2012
297,658.
400,019.
300,000.
400,000.
0.0
0.0
-2342
19.
0.0
0.0
-1780
20,385.
-3967
18,398.
2,187.
1,987.
295,878.
420,404.
156,186.
255,607.
61,663.
68,577.
94,523.
187,030.
139,692.
164,797.
50,402.
52,270.
89,290.
112,527.
143,169.
138,444.
15,105.
13,674.

187,954.
171,966.
26,302.
2,361.

3,000.
4,000.
0.0
0.0
0.0
0.0
-56916
42,723.

3.28%
5.09%
1.44%
11.95
2.78

5.12%
4.18%
2.98%
9.32
4.85

4.59%

.59%

4.62%
9.17
4.56

.56%
6.54
.59

6.97%
1.36
56.25%

8.76%
1.79
41.91%

20.84%
-39.37
-.6%

16.31%
13.89
4.85%

43.75%
84.72

58.09%
94.66

100.6%
99.22

95.15%
100.

-1.45
-.04

-2.87
-.21

3.12
-10.77

-24.11
-3.09

6.54%

Financial Statement Analysis of Financia

Fairdeal Exchange Co. (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
192,846.
1.Share capital
200,000.
2.Reserves
0.0
-7154
3.Accumulated profit (loss)
4.Others
0.0
B.Total liabilities (B1 to B2)
14,069.
1.Current liabilities
14,069.
2.Non-current liabilities
0.0
C.Total assets (C1+C2)
206,915.
1.Current assets(a + b)
137,702.
a.Cash & bank balances
120,512.
b.Other assets
17,190.
2.Non-current assets (a + b)
69,213.
a.Fixed assets
13,543.
b.Other assets
55,670.
D.Profit & loss account
1.Revenue
21,590.
2.Administrative and general expenses
17,253.
-3263
3.Profit/(loss) before taxation
-3277
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
20,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-1920
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
-1.7%
2.Return on capital employed (ROCE) (D3/C-B1)
-1.69%
3.Return on assets (ROA) (D4/C)
-1.58%
4.Admin. expense to profit before tax. (D2/D3) (times)
-5.29
5.Earning per share (D4/E1)
-.16
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
58.24%
2.Cuurent assets to current liabilities (C1/B1) (times)
9.79
3.Total liabilities to total assets (B/C)
6.8%
H.Capital /leverage ratios
1.Capital ratio (A/C)
93.2%
2.Break up value per share (A/E1)
9.64
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times) .59
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -.14

163

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
205,248.
206,933.
196,669.
181,511.
200,000.
200,000.
200,000.
200,000.
0.0
0.0
0.0
0.0
-18489
5,248.
6,933. -3331
0.0
0.0
0.0
0.0
12,343.
25,515.
4,467.
5,365.
10,343.
23,515.
1,467.
1,365.
2,000.
2,000.
3,000.
4,000.
217,591.
232,448.
201,136.
186,876.
143,503.
167,485.
134,683.
121,554.
135,273.
156,376.
67,965.
83,178.
8,230.
11,109.
66,718.
38,376.
74,088.
64,963.
66,453.
65,322.
12,592.
13,032.
14,457.
12,549.
61,496.
51,931.
51,996.
52,773.
33,191.
19,658.
13,515.
12,402.

27,373.
17,258.
11,701.
24,845.
25,525.
24,144.
-12442
2,526. -10059
-15158
1,685. -10264

20,000.
0.0
0.0
19,983.

20,000.
20,000.
0.0
0.0
0.0
0.0
-85084
13,602.

20,000.
0.0
0.0
16,193.

6.04%
6.52%
5.7%
1.45
.62

.81%
1.21%
.72%
9.84
.08

-5.22%
-5.04%
-5.1%
-2.54
-.51

-8.35%
-6.71%
-8.11%
-1.94
-.76

62.17%
13.87
5.67%

67.27%
7.12
10.98%

33.79%
91.81
2.22%

44.51%
89.05
2.87%

94.33%
10.26

89.02%
10.35

97.78%
9.83

97.13%
9.08

1.61
1.93

8.07
.58

8.29
-58.

-1.07
11.86

Financial Statement Analysis of Financia

Glaxy Exchange (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
202,979.
1.Share capital
210,000.
2.Reserves
0.0
-7021
3.Accumulated profit (loss)
4.Others
0.0
B.Total liabilities (B1 to B2)
729.
1.Current liabilities
729.
2.Non-current liabilities
0.0
C.Total assets (C1+C2)
203,708.
1.Current assets(a + b)
93,737.
a.Cash & bank balances
76,157.
b.Other assets
17,580.
2.Non-current assets (a + b)
109,971.
a.Fixed assets
59,971.
b.Other assets
50,000.
D.Profit & loss account
1.Revenue
33,618.
2.Administrative and general expenses
32,500.
3.Profit/(loss) before taxation
1,118.
4.Profit/(loss) after taxation
1,118.
E.Other items
1.No. of ordinary shares (000)
21,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
1,971.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
.55%
2.Return on capital employed (ROCE) (D3/C-B1)
.55%
3.Return on assets (ROA) (D4/C)
.55%
4.Admin. expense to profit before tax. (D2/D3) (times)
29.07
5.Earning per share (D4/E1)
.05
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
37.39%
2.Cuurent assets to current liabilities (C1/B1) (times)
128.58
3.Total liabilities to total assets (B/C)
.36%
H.Capital /leverage ratios
1.Capital ratio (A/C)
99.64%
2.Break up value per share (A/E1)
9.67
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times) 1.76
2.Cash generated from operating activities to current liabilities (E4/B1) (times) 2.7

164

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
209,851.
209,279.
210,811.
227,085.
210,000.
210,000.
210,000.
210,000.
0.0
0.0
0.0
0.0
-149
-721
811.
17,085.
0.0
0.0
0.0
0.0
642.
837.
813.
2,792.
642.
837.
813.
2,792.
0.0
0.0
0.0
0.0
210,493.
210,116.
211,624.
229,877.
92,083.
103,153.
106,807.
173,898.
85,878.
100,076.
101,810.
156,230.
6,205.
3,077.
4,997.
17,668.
118,410.
106,963.
104,817.
55,979.
57,110.
54,363.
52,217.
3,379.
61,300.
52,600.
52,600.
52,600.
44,343.
40,501.
38,123.
40,899.
6,220. -398
6,220. -572

44,163.
42,166.
1,997.
1,532.

62,772.
44,394.
18,378.
16,274.

21,000.
0.0
0.0
6,714.

21,000.
0.0
0.0
6,058.

21,000.
21,000.
0.0
0.0
0.0
0.0
-4875
2,746.

2.96%
2.96%
2.95%
6.13
.3

-.27%
-.19%
-.27%
-102.76
-.03

.73%
.95%
.72%
21.11
.07

7.17%
8.09%
7.08%
2.42
.77

40.8%
143.43
.3%

47.63%
123.24
.4%

48.11%
131.37
.38%

67.96%
62.28
1.21%

99.7%
9.99

99.6%
9.97

99.62%
10.04

98.79%
10.81

1.08
10.46

-10.59
7.24

1.79
3.38

-.3
-1.75

Financial Statement Analysis of Financia

H & H Exchange Co. (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
279,854.
1.Share capital
300,000.
2.Reserves
0.0
-20146
3.Accumulated profit (loss)
4.Others
0.0
B.Total liabilities (B1 to B2)
51,800.
1.Current liabilities
51,800.
2.Non-current liabilities
0.0
C.Total assets (C1+C2)
331,654.
1.Current assets(a + b)
199,005.
a.Cash & bank balances
117,435.
b.Other assets
81,570.
2.Non-current assets (a + b)
132,649.
a.Fixed assets
11,382.
b.Other assets
121,267.
D.Profit & loss account
1.Revenue
89,719.
2.Administrative and general expenses
186,804.
-105384
3.Profit/(loss) before taxation
-68948
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
300.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-182589
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
-24.64%
2.Return on capital employed (ROCE) (D3/C-B1)
-37.66%
3.Return on assets (ROA) (D4/C)
-20.79%
4.Admin. expense to profit before tax. (D2/D3) (times)
-1.77
5.Earning per share (D4/E1)
-229.83
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
35.41%
2.Cuurent assets to current liabilities (C1/B1) (times)
3.84
3.Total liabilities to total assets (B/C)
15.62%
H.Capital /leverage ratios
1.Capital ratio (A/C)
84.38%
2.Break up value per share (A/E1)
932.85
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times) 2.65
2.Cash generated from operating activities to current liabilities (E4/B1) (times)-3.52

165

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
335,913.
365,636.
386,019.
436,017.
300,000.
300,000.
300,000.
400,000.
25,000.
45,000.
65,000.
10,900.
10,913.
20,636.
21,019.
25,117.
0.0
0.0
0.0
0.0
59,200.
71,245.
17,124.
59,913.
57,836.
69,931.
16,048.
58,352.
1,364.
1,314.
1,076.
1,561.
395,113.
436,881.
403,143.
495,930.
301,105.
342,427.
309,252.
377,472.
280,431.
322,275.
292,911.
338,515.
20,674.
20,152.
16,341.
38,957.
94,008.
94,454.
93,891.
118,458.
10,598.
12,016.
12,425.
12,878.
83,410.
82,438.
81,466.
105,580.
155,128.
49,596.
95,083.
56,059.
300.
0.0
0.0
164,232.

114,683.
57,370.
44,959.
29,723.

101,574.
55,800.
33,145.
20,382.

110,006.
61,725.
40,032.
24,999.

300.
300.
0.0
0.0
0.0
0.0
-26630
45,787.

400.
0.0
0.0
41,553.

16.69%
28.19%
14.19%
.52
186.86

8.13%
12.25%
6.8%
1.28
99.08

5.28%
8.56%
5.06%
1.68
67.94

5.73%
9.15%
5.04%
1.54
62.5

70.97%
5.21
14.98%

73.77%
4.9
16.31%

72.66%
19.27
4.25%

68.26%
6.47
12.08%

85.02%
1,119.71

83.69%
1,218.79

95.75%
1,286.73

87.92%
1,090.04

2.93
2.84

1.54
.65

-1.31
-1.66

1.66
.71

Financial Statement Analysis of Financia

HBL Currency Exchange (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
209,247.
1.Share capital
214,865.
2.Reserves
0.0
-5618
3.Accumulated profit (loss)
-274
4.Others
B.Total liabilities (B1 to B2)
21,588.
1.Current liabilities
21,588.
2.Non-current liabilities
0.0
C.Total assets (C1+C2)
230,561.
1.Current assets(a + b)
221,829.
a.Cash & bank balances
91,113.
b.Other assets
130,716.
2.Non-current assets (a + b)
8,732.
a.Fixed assets
5,347.
b.Other assets
3,385.
D.Profit & loss account
1.Revenue
35,358.
2.Administrative and general expenses
28,912.
3.Profit/(loss) before taxation
6,322.
4.Profit/(loss) after taxation
9,012.
E.Other items
1.No. of ordinary shares (000)
21,486.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
16,196.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
4.31%
2.Return on capital employed (ROCE) (D3/C-B1)
3.03%
3.Return on assets (ROA) (D4/C)
3.91%
4.Admin. expense to profit before tax. (D2/D3) (times)
4.57
5.Earning per share (D4/E1)
.42
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
39.52%
2.Cuurent assets to current liabilities (C1/B1) (times)
10.28
3.Total liabilities to total assets (B/C)
9.36%
H.Capital /leverage ratios
1.Capital ratio (A/C)
90.76%
2.Break up value per share (A/E1)
9.74
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times) 1.8
2.Cash generated from operating activities to current liabilities (E4/B1) (times) .75

166

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
259,990.
493,422.
535,043.
559,779.
214,865.
400,000.
400,000.
400,000.
0.0
0.0
0.0
0.0
45,125.
93,422.
135,043.
159,779.
0.0
0.0
0.0
0.0
10,447.
10,603.
10,728.
7,915.
10,200.
10,079.
9,588.
7,735.
247.
524.
1,140.
180.
270,437.
504,025.
545,771.
567,694.
210,745.
388,042.
425,978.
451,583.
202,769.
310,952.
364,116.
385,617.
7,976.
77,090.
61,862.
65,966.
59,692.
115,983.
119,793.
116,111.
4,781.
10,369.
14,151.
11,451.
54,911.
105,614.
105,642.
104,660.
115,692.
37,613.
78,065.
50,742.

127,153.
52,849.
74,304.
48,298.

131,400.
65,781.
65,618.
41,621.

112,886.
74,672.
38,214.
24,735.

21,486.
40,000.
0.0
0.0
0.0
0.0
-19391
42,766.

40,000.
0.0
0.0
59,817.

40,000.
0.0
0.0
23,951.

19.52%
30.%
18.76%
.48
2.36

9.79%
15.04%
9.58%
.71
1.21

7.78%
12.24%
7.63%
1.
1.04

4.42%
6.82%
4.36%
1.95
.62

74.98%
20.66
3.86%

61.69%
38.5
2.1%

66.72%
44.43
1.97%

67.93%
58.38
1.39%

96.14%
12.1

97.9%
12.34

98.03%
13.38

98.61%
13.99

.84
4.19

-.4
-1.92

1.44
6.24

.97
3.1

Financial Statement Analysis of Financia

Habib Qatar International Exchange Pakistan (Pvt.) Ltd.


2008
Items
A.Total equity (A1 to A3)
245,622.
1.Share capital
200,000.
2.Reserves
0.0
3.Accumulated profit (loss)
45,622.
4.Others
0.0
B.Total liabilities (B1 to B2)
29,063.
1.Current liabilities
26,137.
2.Non-current liabilities
2,926.
C.Total assets (C1+C2)
274,685.
1.Current assets(a + b)
236,204.
a.Cash & bank balances
146,386.
b.Other assets
89,818.
2.Non-current assets (a + b)
38,481.
a.Fixed assets
13,073.
b.Other assets
25,408.
D.Profit & loss account
1.Revenue
54,473.
2.Administrative and general expenses
27,904.
3.Profit/(loss) before taxation
26,569.
4.Profit/(loss) after taxation
24,608.
E.Other items
1.No. of ordinary shares (000)
20,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-3419457
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
10.02%
2.Return on capital employed (ROCE) (D3/C-B1)
10.69%
3.Return on assets (ROA) (D4/C)
8.96%
4.Admin. expense to profit before tax. (D2/D3) (times)
1.05
5.Earning per share (D4/E1)
1.23
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
53.29%
2.Cuurent assets to current liabilities (C1/B1) (times)
9.04
3.Total liabilities to total assets (B/C)
10.58%
H.Capital /leverage ratios
1.Capital ratio (A/C)
89.42%
2.Break up value per share (A/E1)
12.28
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
-138.96
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
-130.83

167

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
320,288.
375,658.
376,192.
364,860.
200,000.
200,000.
200,000.
200,000.
0.0
0.0
0.0
0.0
120,288.
175,658.
176,192.
164,860.
0.0
0.0
0.0
0.0
24,732.
34,209.
66,654.
83,205.
20,177.
27,325.
59,657.
74,710.
4,555.
6,884.
6,997.
8,495.
345,020.
409,867.
442,846.
448,065.
275,737.
328,491.
362,070.
367,281.
122,657.
166,030.
201,968.
197,337.
153,080.
162,461.
160,102.
169,944.
69,283.
81,376.
80,776.
80,784.
18,915.
31,173.
30,037.
29,371.
50,368.
50,203.
50,739.
51,413.
142,553.
58,743.
83,810.
74,666.

189,170.
99,654.
89,516.
70,370.

173,700.
128,095.
47,087.
24,844.

220,445.
171,328.
49,125.
10,669.

20,000.
0.0
0.0
-17330

20,000.
0.0
0.0
70,204.

20,000.
0.0
0.0
60,330.

20,000.
0.0
0.0
20,533.

23.31%
25.8%
21.64%
.7
3.73

18.73%
23.4%
17.17%
1.11
3.52

6.6%
12.29%
5.61%
2.72
1.24

2.92%
13.16%
2.38%
3.49
.53

35.55%
13.67
7.17%

40.51%
12.02
8.35%

45.61%
6.07
15.05%

44.04%
4.92
18.57%

92.83%
16.01

91.65%
18.78

84.95%
18.81

81.43%
18.24

-.23
-.86

1.
2.57

2.43
1.01

1.92
.27

Financial Statement Analysis of Financia

Money Link Exchange Co. (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
209,424.
1.Share capital
200,000.
2.Reserves
0.0
3.Accumulated profit (loss)
9,424.
4.Others
0.0
B.Total liabilities (B1 to B2)
23,533.
1.Current liabilities
22,233.
2.Non-current liabilities
1,300.
C.Total assets (C1+C2)
232,957.
1.Current assets(a + b)
134,402.
a.Cash & bank balances
121,344.
b.Other assets
13,058.
2.Non-current assets (a + b)
98,555.
a.Fixed assets
46,466.
b.Other assets
52,089.
D.Profit & loss account
1.Revenue
24,851.
2.Administrative and general expenses
22,528.
3.Profit/(loss) before taxation
4,709.
4.Profit/(loss) after taxation
3,774.
E.Other items
1.No. of ordinary shares (000)
200.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
17,271.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
1.8%
2.Return on capital employed (ROCE) (D3/C-B1)
2.23%
3.Return on assets (ROA) (D4/C)
1.62%
4.Admin. expense to profit before tax. (D2/D3) (times)
4.78
5.Earning per share (D4/E1)
18.87
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
52.09%
2.Cuurent assets to current liabilities (C1/B1) (times)
6.05
3.Total liabilities to total assets (B/C)
10.1%
H.Capital /leverage ratios
1.Capital ratio (A/C)
89.9%
2.Break up value per share (A/E1)
1,047.12
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times) 4.58
2.Cash generated from operating activities to current liabilities (E4/B1) (times) .78

168

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
218,458.
213,883.
215,292.
336,076.
200,000.
200,000.
200,000.
300,000.
0.0
0.0
0.0
0.0
18,458.
13,883.
15,292.
36,076.
0.0
0.0
0.0
0.0
96,178.
25,959.
64,009.
1,252.
94,878.
25,959.
64,009.
1,252.
1,300.
0.0
0.0
0.0
314,636.
239,842.
279,301.
337,328.
216,527.
178,781.
220,281.
249,236.
201,144.
154,013.
194,376.
220,301.
15,383.
24,768.
25,905.
28,935.
98,109.
61,061.
59,020.
88,092.
45,253.
8,369.
7,802.
12,244.
52,856.
52,692.
51,218.
75,848.
44,202.
33,925.
37,568.
39,245.
9,955. -3781
9,137. -4574

39,974.
45,855.
803.
803.

57,563.
44,192.
20,871.
20,871.

200.
200.
0.0
0.0
0.0
0.0
-79639
83,304.

200.
300.
0.0
0.0
0.0
0.0
-68721
40,661.

4.18%
4.53%
2.9%
3.77
45.69

-2.14%
-1.77%
-1.91%
-10.38
-22.87

.37%
.37%
.29%
57.1
4.02

6.21%
6.21%
6.19%
2.12
69.57

63.93%
2.28
30.57%

64.21%
6.89
10.82%

69.59%
3.44
22.92%

65.31%
199.07
.37%

69.43%
1,092.29

89.18%
1,069.42

77.08%
1,076.46

99.63%
1,120.25

9.12
.88

17.41
-3.07

50.64
.64

-3.29
-54.89

Financial Statement Analysis of Financia

NBP Exchange Co. Ltd.


2008
Items
A.Total equity (A1 to A3)
362,892.
1.Share capital
300,000.
2.Reserves
0.0
3.Accumulated profit (loss)
62,892.
4.Others
0.0
B.Total liabilities (B1 to B2)
513,525.
1.Current liabilities
62,877.
2.Non-current liabilities
450,648.
C.Total assets (C1+C2)
876,417.
1.Current assets(a + b)
775,273.
a.Cash & bank balances
189,773.
b.Other assets
585,500.
2.Non-current assets (a + b)
101,144.
a.Fixed assets
9,331.
b.Other assets
91,813.
D.Profit & loss account
1.Revenue
100,454.
2.Administrative and general expenses
28,743.
3.Profit/(loss) before taxation
71,712.
4.Profit/(loss) after taxation
46,497.
E.Other items
1.No. of ordinary shares (000)
30,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
16,024.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
12.81%
2.Return on capital employed (ROCE) (D3/C-B1)
8.81%
3.Return on assets (ROA) (D4/C)
5.31%
4.Admin. expense to profit before tax. (D2/D3) (times)
.4
5.Earning per share (D4/E1)
1.55
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
21.65%
2.Cuurent assets to current liabilities (C1/B1) (times)
12.33
3.Total liabilities to total assets (B/C)
58.59%
H.Capital /leverage ratios
1.Capital ratio (A/C)
41.41%
2.Break up value per share (A/E1)
12.1
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times) .34
2.Cash generated from operating activities to current liabilities (E4/B1) (times) .25

169

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
512,490.
534,596.
555,244.
594,176.
300,000.
300,000.
300,000.
405,000.
0.0
0.0
0.0
151,875.
212,490.
234,596.
255,244.
37,301.
0.0
0.0
22,218.
40,091.
379,283.
301,841.
229,327.
152,337.
117,123.
107,117.
109,200.
114,094.
262,160.
194,724.
120,127.
38,243.
891,773.
836,437.
806,789.
786,604.
793,626.
822,751.
794,898.
771,885.
190,379.
215,117.
62,407.
166,553.
603,247.
607,634.
732,491.
605,332.
98,147.
13,686.
11,891.
14,719.
11,278.
12,229.
10,552.
12,674.
86,869.
1,457.
1,339.
2,045.
125,569.
32,055.
56,221.
24,320.

126,338.
43,057.
50,296.
22,106.

126,533.
53,650.
43,703.
20,648.

148,003.
59,986.
64,947.
38,932.

30,000.
30,000.
0.0
0.0
0.0
0.0
-27420
16,024.

30,000.
0.0
0.0
14,104.

40,500.
0.0
0.0
38,619.

4.75%
7.26%
2.73%
.57
.81

4.14%
6.9%
2.64%
.86
.74

3.72%
6.26%
2.56%
1.23
.69

6.55%
9.66%
4.95%
.92
.96

21.35%
6.78
42.53%

25.72%
7.68
36.09%

7.74%
7.28
28.42%

21.17%
6.77
19.37%

57.47%
17.08

63.91%
17.82

68.82%
18.51

75.54%
14.67

.66
.14

-1.24
-.26

.68
.13

.99
.34

Financial Statement Analysis of Financia

Noble Exchange International Co. (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
199,996.
1.Share capital
200,000.
2.Reserves
0.0
-4
3.Accumulated profit (loss)
4.Others
1,500.
B.Total liabilities (B1 to B2)
1,966.
1.Current liabilities
1,966.
2.Non-current liabilities
0.0
C.Total assets (C1+C2)
203,462.
1.Current assets(a + b)
138,891.
a.Cash & bank balances
92,089.
b.Other assets
46,802.
2.Non-current assets (a + b)
64,571.
a.Fixed assets
13,479.
b.Other assets
51,092.
D.Profit & loss account
1.Revenue
32,859.
2.Administrative and general expenses
32,679.
3.Profit/(loss) before taxation
342.
4.Profit/(loss) after taxation
178.
E.Other items
1.No. of ordinary shares (000)
20,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-23061
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
.09%
2.Return on capital employed (ROCE) (D3/C-B1)
.17%
3.Return on assets (ROA) (D4/C)
.09%
4.Admin. expense to profit before tax. (D2/D3) (times)
95.55
5.Earning per share (D4/E1)
.01
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
45.26%
2.Cuurent assets to current liabilities (C1/B1) (times)
70.65
3.Total liabilities to total assets (B/C)
.97%
H.Capital /leverage ratios
1.Capital ratio (A/C)
98.3%
2.Break up value per share (A/E1)
10.
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
-129.56
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
-11.73

170

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
203,284.
189,823.
180,614.
185,970.
200,000.
200,000.
200,000.
200,000.
0.0
0.0
0.0
0.0
-19386
-14030
3,284. -10177
1,200.
1,000.
1,200.
1,200.
18,046.
1,133.
1,435.
3,308.
18,046.
1,133.
1,435.
3,308.
0.0
0.0
0.0
0.0
222,530.
191,956.
183,249.
190,478.
155,110.
127,032.
120,820.
127,822.
122,081.
125,297.
109,905.
98,203.
33,029.
1,735.
10,915.
29,619.
67,420.
64,924.
62,429.
62,656.
12,528.
12,487.
11,525.
11,196.
54,892.
52,437.
50,904.
51,460.
20,472.
3,329.
6,484.
21,024.
21,438.
19,548.
-9137
5,682. -13445
-9209
3,289. -13461
2,000.
0.0
0.0
30,665.

19,021.
20,052.
5,331.
5,356.

2,000.
2,000.
2,000.
0.0
0.0
0.0
0.0
0.0
0.0
-17108
-12427
4,326.

1.62%
2.78%
1.48%
3.7
1.64

-7.09%
-7.05%
-7.01%
-1.59
-6.73

-5.1%
-5.03%
-5.03%
-2.14
-4.6

2.88%
2.85%
2.81%
3.76
2.68

54.86%
8.6
8.11%

65.27%
112.12
.59%

59.98%
84.2
.78%

51.56%
38.64
1.74%

91.35%
101.64

98.89%
94.91

98.56%
90.31

97.63%
92.99

9.32
1.7

-.32
3.82

1.86
-11.92

-2.32
-3.76

Financial Statement Analysis of Financia

P B S Exchange (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
144,817.
1.Share capital
200,000.
2.Reserves
0.0
-55183
3.Accumulated profit (loss)
4.Others
0.0
B.Total liabilities (B1 to B2)
41,556.
1.Current liabilities
573.
2.Non-current liabilities
40,983.
C.Total assets (C1+C2)
186,373.
1.Current assets(a + b)
62,845.
a.Cash & bank balances
60,358.
b.Other assets
2,487.
2.Non-current assets (a + b)
123,528.
a.Fixed assets
66,128.
b.Other assets
57,400.
D.Profit & loss account
1.Revenue
39,394.
2.Administrative and general expenses
41,413.
3.Profit/(loss) before taxation
644.
4.Profit/(loss) after taxation
434.
E.Other items
1.No. of ordinary shares (000)
2,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
0.0
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
.3%
2.Return on capital employed (ROCE) (D3/C-B1)
.35%
3.Return on assets (ROA) (D4/C)
.23%
4.Admin. expense to profit before tax. (D2/D3) (times)
64.31
5.Earning per share (D4/E1)
.22
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
32.39%
2.Cuurent assets to current liabilities (C1/B1) (times)
109.68
3.Total liabilities to total assets (B/C)
22.3%
H.Capital /leverage ratios
1.Capital ratio (A/C)
77.7%
2.Break up value per share (A/E1)
72.41
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times) 0.0
2.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.0

171

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
146,379.
148,337.
205,743.
208,581.
200,000.
200,000.
250,000.
250,000.
0.0
0.0
0.0
0.0
-53621
-51663
-44257
-41419
45,183.
0.0
0.0
0.0
1,668.
89,961.
36,957.
3,312.
1,668.
6,635.
3,630.
2,480.
0.0
83,326.
33,327.
832.
193,230.
238,298.
242,700.
211,893.
68,134.
113,546.
115,773.
72,605.
65,207.
110,603.
77,890.
34,793.
2,927.
2,943.
37,883.
37,812.
125,096.
124,752.
126,927.
139,288.
69,148.
68,028.
67,279.
65,653.
55,948.
56,724.
59,648.
73,635.
45,667.
49,410.
2,403.
1,562.

58,399.
61,190.
3,012.
1,958.

75,339.
72,570.
8,214.
7,406.

79,174.
79,745.
4,723.
2,837.

2,000.
0.0
0.0
0.0

2,000.
0.0
0.0
0.0

2,500.
0.0
0.0
0.0

2,500.
0.0
0.0
0.0

1.07%
1.25%
.81%
20.56
.78

1.32%
1.3%
.82%
20.32
.98

3.6%
3.44%
3.05%
8.83
2.96

1.36%
2.26%
1.34%
16.88
1.13

33.75%
40.85
.86%

46.41%
17.11
37.75%

32.09%
31.89
15.23%

16.42%
29.28
1.56%

75.75%
73.19

62.25%
74.17

84.77%
82.3

98.44%
83.43

0.0
0.0

0.0
0.0

0.0
0.0

0.0
0.0

Financial Statement Analysis of Financia

Pakistan Currency Exchange Co. (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
204,406.
1.Share capital
200,000.
2.Reserves
0.0
3.Accumulated profit (loss)
4,406.
4.Others
0.0
B.Total liabilities (B1 to B2)
18,540.
1.Current liabilities
9,904.
2.Non-current liabilities
8,636.
C.Total assets (C1+C2)
222,946.
1.Current assets(a + b)
152,503.
a.Cash & bank balances
90,404.
b.Other assets
62,099.
2.Non-current assets (a + b)
70,443.
a.Fixed assets
17,770.
b.Other assets
52,673.
D.Profit & loss account
1.Revenue
221,403.
2.Administrative and general expenses
209,767.
3.Profit/(loss) before taxation
8,313.
4.Profit/(loss) after taxation
5,539.
E.Other items
1.No. of ordinary shares (000)
2,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-6268
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.71%
2.Return on capital employed (ROCE) (D3/C-B1)
3.9%
3.Return on assets (ROA) (D4/C)
2.48%
4.Admin. expense to profit before tax. (D2/D3) (times)
25.23
5.Earning per share (D4/E1)
2.77
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
40.55%
2.Cuurent assets to current liabilities (C1/B1) (times)
15.4
3.Total liabilities to total assets (B/C)
8.32%
H.Capital /leverage ratios
1.Capital ratio (A/C)
91.68%
2.Break up value per share (A/E1)
102.2
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times) -1.13
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -.63

172

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
208,093.
320,971.
413,441.
427,324.
200,000.
300,000.
400,000.
400,000.
0.0
0.0
0.0
0.0
8,093.
20,971.
13,441.
27,324.
0.0
0.0
0.0
0.0
400,075.
312,275.
273,121.
279,347.
382,915.
286,579.
237,727.
244,998.
17,160.
25,696.
35,394.
34,349.
608,168.
633,246.
686,562.
706,671.
523,598.
544,550.
556,912.
545,519.
267,979.
435,977.
459,776.
380,689.
255,619.
108,573.
97,136.
164,830.
84,570.
88,696.
129,650.
161,152.
32,491.
36,037.
46,550.
53,650.
52,079.
52,659.
83,100.
107,502.
353,552.
310,405.
9,972.
3,687.

416,252.
430,936.
400,090.
436,796.
19,364.
1,413.
12,877. -7529

558,604.
544,856.
19,757.
13,883.

2,000.
0.0
0.0
19,425.

2,000.
0.0
0.0
167,546.

4,000.
4,000.
0.0
0.0
0.0
0.0
-38242
75,877.

1.77%
4.43%
.61%
31.13
1.84

4.01%
5.59%
2.03%
20.66
6.44

-1.82%
.31%
-1.1%
309.13
-1.88

3.25%
4.28%
1.96%
27.58
3.47

44.06%
1.37
65.78%

68.85%
1.9
49.31%

66.97%
2.34
39.78%

53.87%
2.23
39.53%

34.22%
104.05

50.69%
160.49

60.22%
103.36

60.47%
106.83

5.27
.05

13.01
.58

-10.08
.32

-2.75
-.16

Financial Statement Analysis of Financia

Paracha International Exchange (Pvt.) Ltd.


2008
Items
A.Total equity (A1 to A3)
189,819.
1.Share capital
200,000.
2.Reserves
0.0
-10181
3.Accumulated profit (loss)
4.Others
0.0
B.Total liabilities (B1 to B2)
11,423.
1.Current liabilities
11,423.
2.Non-current liabilities
0.0
C.Total assets (C1+C2)
201,242.
1.Current assets(a + b)
114,215.
a.Cash & bank balances
35,749.
b.Other assets
78,466.
2.Non-current assets (a + b)
87,027.
a.Fixed assets
80,936.
b.Other assets
6,091.
D.Profit & loss account
1.Revenue
33,784.
-11128
2.Administrative and general expenses
3.Profit/(loss) before taxation
22,656.
4.Profit/(loss) after taxation
27,486.
E.Other items
1.No. of ordinary shares (000)
20,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
4.Cash generated from operating activities
12,327.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
14.48%
2.Return on capital employed (ROCE) (D3/C-B1)
11.94%
3.Return on assets (ROA) (D4/C)
13.66%
4.Admin. expense to profit before tax. (D2/D3) (times)
-.49
5.Earning per share (D4/E1)
1.37
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
17.76%
2.Cuurent assets to current liabilities (C1/B1) (times)
10.
3.Total liabilities to total assets (B/C)
5.68%
H.Capital /leverage ratios
1.Capital ratio (A/C)
94.32%
2.Break up value per share (A/E1)
9.49
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times) .45
2.Cash generated from operating activities to current liabilities (E4/B1) (times)1.08

173

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
187,019.
197,298.
197,992.
226,747.
200,000.
200,000.
200,000.
200,000.
0.0
0.0
0.0
0.0
-12981
-2702
-2008
26,747.
0.0
0.0
0.0
0.0
75,119.
53,026.
91,615.
64,339.
75,119.
53,026.
49,251.
16,119.
0.0
0.0
42,364.
48,220.
262,138.
250,324.
289,607.
291,086.
182,878.
125,537.
168,440.
180,010.
106,747.
103,117.
130,454.
112,660.
76,131.
22,420.
37,986.
67,350.
79,260.
124,787.
121,167.
111,076.
75,786.
68,043.
61,435.
55,563.
3,474.
56,744.
59,732.
55,513.
35,797.
36,097.
-299
-2800

36,391.
31,454.
27,097.
33,807.
9,294. -2352
10,279.
694.

20,000.
20,000.
0.0
0.0
0.0
0.0
-2737
74,696.

85,255.
45,017.
40,239.
28,755.

20,000.
20,000.
0.0
0.0
0.0
0.0
-19497
28,793.

-1.5%
-.16%
-1.07%
-120.73
-.14

5.21%
4.71%
4.11%
2.92
.51

.35%
-.98%
.24%
-14.37
.03

12.68%
14.63%
9.88%
1.12
1.44

40.72%
2.43
28.66%

41.19%
2.37
21.18%

45.05%
3.42
31.63%

38.7%
11.17
22.1%

71.34%
9.35

78.82%
9.86

68.37%
9.9

77.9%
11.34

-26.68
.99

-.27
-.05

41.49
.58

-.68
-1.21

Financial Statement Analysis of Financia

Paragon Exchange (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expenses
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4)-(times)
2.Cash generated from operating activities to current liabilities (E4/B1)
- (times)

174

2012

inancial Statement Analysis of Financial Sector

2009
-

2010
-

(Thousand Rupees)
2011
2012
92,707.
84,354.
100,000.
100,000.
0.0
0.0
-7293
-15646
0.0
0.0
1,111.
1,559.
1,111.
1,098.
0.0
461.
93,818.
85,913.
55,884.
51,789.
54,897.
50,425.
987.
1,364.
37,934.
34,124.
7,760.
7,047.
30,174.
27,077.

47.
15,013.
11,237.
19,289.
-11190
-3845
-7293
-8353

-7.87%
-12.07%
-7.77%
-1.
-72.93

-9.9%
-4.53%
-9.72%
-5.02
-83.53

58.51%
50.3
1.18%

58.69%
47.17
1.81%

98.82%
927.07

98.19%
843.54

1.48
-9.7

.31
-2.34

100.
0.0
0.0
-10776

100.
0.0
0.0
-2565

Financial Statement Analysis of Financia

Ravi Exchange Co. (Pvt.) Ltd.


2008
Items
A.Total equity (A1 to A3)
200,059.
1.Share capital
200,000.
2.Reserves
0.0
3.Accumulated profit (loss)
59.
4.Others
0.0
B.Total liabilities (B1 to B2)
4,756.
1.Current liabilities
4,756.
2.Non-current liabilities
0.0
C.Total assets (C1+C2)
204,815.
1.Current assets(a + b)
94,900.
a.Cash & bank balances
55,329.
b.Other assets
39,571.
2.Non-current assets (a + b)
109,915.
a.Fixed assets
66,313.
b.Other assets
43,602.
D.Profit & loss account
1.Revenue
20,932.
2.Administrative and general expenses
24,102.
3.Profit/(loss) before taxation
1,313.
4.Profit/(loss) after taxation
911.
E.Other items
1.No. of ordinary shares (000)
2,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-22255
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
.46%
2.Return on capital employed (ROCE) (D3/C-B1)
.66%
3.Return on assets (ROA) (D4/C)
.44%
4.Admin. expense to profit before tax. (D2/D3) (times)
18.36
5.Earning per share (D4/E1)
.46
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
27.01%
2.Cuurent assets to current liabilities (C1/B1) (times)
19.95
3.Total liabilities to total assets (B/C)
2.32%
H.Capital /leverage ratios
1.Capital ratio (A/C)
97.68%
2.Break up value per share (A/E1)
100.03
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)-24.43
2.Cash generated from operating activities to current liabilities (E4/B1) (times)-4.68

175

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
205,138.
224,521.
435,700.
447,734.
200,000.
200,000.
400,000.
400,000.
0.0
0.0
0.0
0.0
5,138.
24,521.
35,700.
47,734.
0.0
0.0
0.0
0.0
39,284.
227,518.
34,199.
91,906.
36,913.
215,543.
21,540.
79,165.
2,371.
11,975.
12,659.
12,741.
244,422.
452,039.
469,899.
539,640.
120,444.
321,517.
273,496.
346,122.
109,950.
251,747.
216,850.
256,495.
10,494.
69,770.
56,646.
89,627.
123,978.
130,522.
196,403.
193,518.
70,035.
72,472.
79,925.
79,020.
53,943.
58,050.
116,478.
114,498.
53,807.
49,901.
7,678.
5,079.

116,287.
96,420.
30,968.
19,383.

120,631.
114,723.
14,549.
11,179.

150,315.
146,321.
17,924.
12,034.

2,000.
2,000.
0.0
0.0
0.0
0.0
-50289
71,664.

4,000.
0.0
0.0
29,703.

4,000.
0.0
0.0
43,676.

2.48%
3.7%
2.08%
6.5
2.54

8.63%
13.09%
4.29%
3.11
9.69

2.57%
3.24%
2.38%
7.89
2.79

2.69%
3.89%
2.23%
8.16
3.01

44.98%
3.26
16.07%

55.69%
1.49
50.33%

46.15%
12.7
7.28%

47.53%
4.37
17.03%

83.93%
102.57

49.67%
112.26

92.72%
108.93

82.97%
111.93

14.11
1.94

-2.59
-.23

2.66
1.38

3.63
.55

Financial Statement Analysis of Financia

Riaz Exchange Co. (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
210,320.
1.Share capital
200,000.
2.Reserves
0.0
3.Accumulated profit (loss)
10,320.
4.Others
0.0
B.Total liabilities (B1 to B2)
2,196.
1.Current liabilities
1,326.
2.Non-current liabilities
870.
C.Total assets (C1+C2)
212,516.
1.Current assets(a + b)
154,051.
a.Cash & bank balances
139,625.
b.Other assets
14,426.
2.Non-current assets (a + b)
58,465.
a.Fixed assets
4,294.
b.Other assets
54,171.
D.Profit & loss account
1.Revenue
28,849.
2.Administrative and general expenses
11,630.
3.Profit/(loss) before taxation
19,236.
4.Profit/(loss) after taxation
12,341.
E.Other items
1.No. of ordinary shares (000)
20,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-402
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
5.87%
2.Return on capital employed (ROCE) (D3/C-B1)
9.11%
3.Return on assets (ROA) (D4/C)
5.81%
4.Admin. expense to profit before tax. (D2/D3) (times)
.6
5.Earning per share (D4/E1)
.62
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
65.7%
2.Cuurent assets to current liabilities (C1/B1) (times)
116.18
3.Total liabilities to total assets (B/C)
1.03%
H.Capital /leverage ratios
1.Capital ratio (A/C)
98.97%
2.Break up value per share (A/E1)
10.52
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times) -.03
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -.3

176

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
209,160.
202,031.
208,955.
207,906.
200,000.
200,000.
200,000.
200,000.
0.0
0.0
0.0
0.0
9,160.
2,031.
8,955.
7,906.
0.0
0.0
0.0
0.0
1,445.
676.
582.
763.
1,130.
416.
464.
763.
315.
260.
118.
0.0
210,605.
202,707.
209,537.
208,669.
157,178.
147,312.
155,287.
155,428.
150,026.
142,343.
151,779.
152,748.
7,152.
4,969.
3,508.
2,680.
53,427.
55,395.
54,250.
53,241.
3,160.
3,679.
3,947.
2,841.
50,267.
51,716.
50,303.
50,400.
40,808.
11,407.
29,003.
18,841.

22,948.
11,833.
13,643.
8,870.

16,148.
11,597.
10,795.
6,924.

18,145.
11,777.
13,935.
8,951.

20,000.
0.0
0.0
22,483.

20,000.
0.0
0.0
4,979.

20,000.
0.0
0.0
4,005.

20,000.
0.0
0.0
4,276.

9.01%
13.85%
8.95%
.39
.94

4.39%
6.74%
4.38%
.87
.44

3.31%
5.16%
3.3%
1.07
.35

4.31%
6.7%
4.29%
.85
.45

71.24%
139.1
.69%

70.22%
354.12
.33%

72.44%
334.67
.28%

73.2%
203.71
.37%

99.31%
10.46

99.67%
10.1

99.72%
10.45

99.63%
10.4

1.19
19.9

.56
11.97

.58
8.63

.48
5.6

Financial Statement Analysis of Financia

Royal International Exchange Co. (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
181,454.
1.Share capital
200,000.
2.Reserves
0.0
-18546
3.Accumulated profit (loss)
4.Others
0.0
B.Total liabilities (B1 to B2)
844.
1.Current liabilities
844.
2.Non-current liabilities
0.0
C.Total assets (C1+C2)
182,298.
1.Current assets(a + b)
128,595.
a.Cash & bank balances
118,644.
b.Other assets
9,951.
2.Non-current assets (a + b)
53,703.
a.Fixed assets
3,620.
b.Other assets
50,083.
D.Profit & loss account
1.Revenue
22,059.
2.Administrative and general expenses
20,439.
-18134
3.Profit/(loss) before taxation
-18584
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-237
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
-10.24%
2.Return on capital employed (ROCE) (D3/C-B1)
-9.99%
3.Return on assets (ROA) (D4/C)
-10.19%
4.Admin. expense to profit before tax. (D2/D3) (times)
-1.13
5.Earning per share (D4/E1)
-9.29
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
65.08%
2.Cuurent assets to current liabilities (C1/B1) (times)
152.36
3.Total liabilities to total assets (B/C)
.46%
H.Capital /leverage ratios
1.Capital ratio (A/C)
99.54%
2.Break up value per share (A/E1)
90.73
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times) .01
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -.28

177

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
169,087.
264,895.
269,262.
281,003.
200,000.
300,000.
300,000.
300,000.
0.0
0.0
0.0
0.0
-30913
-35105
-30738
-18997
0.0
0.0
0.0
0.0
2,350.
10,974.
11,923.
17,772.
2,350.
10,405.
5,715.
9,479.
0.0
569.
6,208.
8,293.
171,437.
275,869.
281,185.
298,775.
111,676.
219,829.
198,728.
211,514.
102,184.
206,189.
181,871.
188,021.
9,492.
13,640.
16,857.
23,493.
59,761.
56,040.
82,457.
87,261.
4,261.
6,040.
6,928.
8,422.
55,500.
50,000.
75,529.
78,839.
50,660.
48,044.
-17423
-12368

69,855.
64,219.
5,636.
1,394.

73,425.
66,581.
6,845.
4,367.

75,315.
61,419.
13,895.
11,742.

2,000.
0.0
0.0

3,000.
0.0
0.0
1,224.

3,000.
0.0
0.0
2,702.

3,000.
0.0
0.0
10,428.

-7.31%
-10.3%
-7.21%
-2.76
-6.18

.53%
2.12%
.51%
11.39
.46

1.62%
2.48%
1.55%
9.73
1.46

4.18%
4.8%
3.93%
4.42
3.91

59.6%
47.52
1.37%

74.74%
21.13
3.98%

64.68%
34.77
4.24%

62.93%
22.31
5.95%

98.63%
84.54

96.02%
88.3

95.76%
89.75

94.05%
93.67

1.2
-6.33

.88
.12

.62
.47

.89
1.1

-14868

Financial Statement Analysis of Financia

SIBL Exchange Co. (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
105,636.
1.Share capital
100,000.
2.Reserves
0.0
3.Accumulated profit (loss)
5,636.
4.Others
0.0
B.Total liabilities (B1 to B2)
4,144.
1.Current liabilities
4,144.
2.Non-current liabilities
0.0
C.Total assets (C1+C2)
109,780.
1.Current assets(a + b)
108,085.
a.Cash & bank balances
8,841.
b.Other assets
99,244.
2.Non-current assets (a + b)
1,695.
a.Fixed assets
1,344.
b.Other assets
351.
D.Profit & loss account
1.Revenue
8,116.
2.Administrative and general expenses
3,647.
3.Profit/(loss) before taxation
4,469.
4.Profit/(loss) after taxation
2,858.
E.Other items
1.No. of ordinary shares (000)
10,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-2088
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.71%
2.Return on capital employed (ROCE) (D3/C-B1)
4.23%
3.Return on assets (ROA) (D4/C)
2.6%
4.Admin. expense to profit before tax. (D2/D3) (times)
.82
5.Earning per share (D4/E1)
.29
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
8.05%
2.Cuurent assets to current liabilities (C1/B1) (times)
26.08
3.Total liabilities to total assets (B/C)
3.77%
H.Capital /leverage ratios
1.Capital ratio (A/C)
96.23%
2.Break up value per share (A/E1)
10.56
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times) -.73
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -.5

178

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
109,217.
112,297.
117,642.
117,642.
100,000.
100,000.
100,000.
100,000.
0.0
0.0
0.0
0.0
9,217.
12,297.
17,642.
17,642.
0.0
0.0
0.0
0.0
3,193.
2,871.
3,813.
3,813.
3,193.
2,871.
3,813.
3,813.
0.0
0.0
0.0
0.0
112,410.
115,168.
121,455.
121,455.
111,175.
114,264.
120,899.
120,899.
1,074.
947.
936.
936.
110,101.
113,317.
119,963.
119,963.
1,235.
904.
556.
556.
1,066.
805.
556.
556.
169.
99.
0.0
0.0
9,502.
3,901.
5,601.
3,581.

8,842.
4,018.
4,824.
3,080.

9,480.
3,561.
5,918.
3,733.

9,480.
3,561.
5,918.
3,733.

10,000.
0.0
0.0
2,617.

10,000.
0.0
0.0
2,839.

10,000.
0.0
0.0
1,517.

10,000.
0.0
0.0
1,517.

3.28%
5.13%
3.19%
.7
.36

2.74%
4.3%
2.67%
.83
.31

3.17%
5.03%
3.07%
.6
.37

3.17%
5.03%
3.07%
.6
.37

.96%
34.82
2.84%

.82%
39.8
2.49%

.77%
31.71
3.14%

.77%
31.71
3.14%

97.16%
10.92

97.51%
11.23

96.86%
11.76

96.86%
11.76

.73
.82

.92
.99

.41
.4

.41
.4

Financial Statement Analysis of Financia

Sky Exchange Co. (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expenses
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4)-(times)
2.Cash generated from operating activities to current liabilities (E4/B1)
- (times)

179

2012

inancial Statement Analysis of Financial Sector

2009
-

2010
28,354.
26,500.
0.0
1,854.
0.0
537.
537.
0.0
28,891.
25,011.
24,735.
276.
3,880.
909.
2,971.

(Thousand Rupees)
2011
2012
119,896.
142,440.
120,134.
140,134.
0.0
0.0
-238
2,306.
0.0
0.0
150.
1,792.
150.
1,792.
0.0
0.0
120,046.
144,232.
85,790.
104,290.
83,258.
100,620.
2,532.
3,670.
34,256.
39,942.
2,357.
2,930.
31,899.
37,012.

7,548.
8,883.
6,379.
10,930.
1,169. -2047
758. -2091

24,436.
23,548.
3,988.
2,544.

265.
1,201.
0.0
0.0
0.0
0.0
-4114
1,200.

1,401.
0.0
0.0
3,706.

2.67%
4.12%
2.62%
5.46
2.86

-1.74%
-1.71%
-1.74%
-5.34
-1.74

1.79%
2.8%
1.76%
5.9
1.82

85.61%
46.58
1.86%

69.36%
571.93
.12%

69.76%
58.2
1.24%

98.14%
107.

99.88%
99.8

98.76%
101.65

1.58
2.23

1.97
-27.43

1.46
2.07

Financial Statement Analysis of Financia

Wall Street Exchange Co. (Pvt) Ltd.


2008
Items
A.Total equity (A1 to A3)
214,479.
1.Share capital
200,000.
2.Reserves
0.0
3.Accumulated profit (loss)
14,479.
4.Others
0.0
B.Total liabilities (B1 to B2)
129,048.
1.Current liabilities
129,048.
2.Non-current liabilities
0.0
C.Total assets (C1+C2)
343,527.
1.Current assets(a + b)
252,630.
a.Cash & bank balances
134,390.
b.Other assets
118,240.
2.Non-current assets (a + b)
90,897.
a.Fixed assets
35,333.
b.Other assets
55,564.
D.Profit & loss account
1.Revenue
122,726.
2.Administrative and general expenses
107,580.
3.Profit/(loss) before taxation
11,391.
4.Profit/(loss) after taxation
7,283.
E.Other items
1.No. of ordinary shares (000)
20,000.
2.Cash dividend
0.0
3.Stock dividend/bonus shares
0.0
-32437
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
3.4%
2.Return on capital employed (ROCE) (D3/C-B1)
5.31%
3.Return on assets (ROA) (D4/C)
2.12%
4.Admin. expense to profit before tax. (D2/D3) (times)
9.44
5.Earning per share (D4/E1)
.36
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
39.12%
2.Cuurent assets to current liabilities (C1/B1) (times)
1.96
3.Total liabilities to total assets (B/C)
37.57%
H.Capital /leverage ratios
1.Capital ratio (A/C)
62.43%
2.Break up value per share (A/E1)
10.72
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times) -4.45
2.Cash generated from operating activities to current liabilities (E4/B1) (times) -.25

180

2012

inancial Statement Analysis of Financial Sector

(Thousand Rupees)
2009
2010
2011
2012
229,180.
250,494.
272,443.
291,507.
200,000.
200,000.
200,000.
200,000.
0.0
0.0
0.0
0.0
29,180.
50,494.
72,443.
91,507.
0.0
0.0
0.0
0.0
222,581.
243,979.
295,326.
229,014.
222,581.
243,979.
295,326.
229,014.
0.0
0.0
0.0
0.0
451,761.
494,473.
567,769.
520,521.
354,374.
397,694.
470,090.
415,994.
298,696.
357,866.
423,515.
387,699.
55,678.
39,828.
46,575.
28,295.
97,387.
96,779.
97,679.
104,527.
41,178.
40,308.
39,634.
45,364.
56,209.
56,471.
58,045.
59,163.
219,960.
189,814.
23,620.
14,701.

268,573.
231,973.
32,791.
21,314.

285,148.
247,587.
37,614.
21,949.

305,629.
263,695.
44,586.
19,064.

20,000.
0.0
0.0
182,188.

20,000.
0.0
0.0
66,889.

20,000.
20,000.
0.0
0.0
0.0
0.0
-20042
75,947.

6.41%
10.31%
3.25%
8.04
.74

8.51%
13.09%
4.31%
7.07
1.07

8.06%
13.81%
3.87%
6.58
1.1

6.54%
15.3%
3.66%
5.91
.95

66.12%
1.59
49.27%

72.37%
1.63
49.34%

74.59%
1.59
52.02%

74.48%
1.82
44.%

50.73%
11.46

50.66%
12.52

47.98%
13.62

56.%
14.58

12.39
.82

3.14
.27

3.46
.26

-1.05
-.09

NSURANCE OMPANIES
C

ERFORMANCE AT A

CY12 turned out to be positive for insurance sector in Pakistan. The aggregate in

grew sharply during CY12. Its balance sheet size expanded by 18.8 percent and
billion in CY12. Profit before and after taxation increased considerably during CY1
A

NALYSIS OF E
QUITY

Total equity of insurance sector


increased from Rs.

Rs 89.3 billion

in CY11 to Rs. 95.2 billion in


CY12, recording an increase of
around 6.5 percent. The share
capital (SC) also increased by 3.7
percent in CY12 over CY11.
Contribution of share capital in
equity was 30.1 percent in CY12.
Total
reserves of
insurance
companies comprising reserves and un-appropriated profit touched Rs 66.5
compared to Rs. 61.7 billion last year.
NALYSIS OFAASSETS
Total assets (TA) at Rs. 597.8 billion
in CY12, showing an increase of 18.8
percent over CY11. The dominating
part in assets was investment in
securities and properties (IS) of Rs.
417.7 billion in CY12. IS contributed
70 percent of TA in CY12 increased
by 20.3 percent in CY12 over the

preceding year. Cash and Balances


with banks (C & B) reflected an
increase of 12.0 percent over the previous year. Total assets of non-Life sector in

2012

Financial Statement Analysis of Financial Sector

LANCE

tor in Pakistan. The aggregate insurance business

e expanded by 18.8 percent and reached Rs 597.8


creased considerably during CY12.

Components of Equity
50
16.5%
40
30
Billion Rs
10

20
3.7%
2.1%

Un
Reserves (RS)Appropriated

Share Capital
(SC)
CY11
CY12
Growth

27.6
28.6
3.7%

37.4
38.2
2.1%

Profit (RE)
24.3
28.3
16.5%

priated profit touched Rs 66.5 billion in CY12 as

Components of Assets
CY11

CY12

Growth

700

2,100.%
20.3%

600

18.8%
1,800.%

500
1,500.%
400
Billion Rs
200
100
0

300

C&B

Total assets of non-Life sector increased from Rs.


181

1,200.%
900.%
600.%
300.%
0.0%

12.%

IS

TA

1,800.%

1,200.%
600.%

Growth

0.0%

Growth

152.5 billion in CY11 to Rs 167.1 billion in CY12, recording an expansion of 9.6 p

of Life Insurance Sector grew by 22.5 percent over CY11. In absolute terms, it inc
346.1 billion in CY11 to Rs. 423.9 billion in CY12.
A
NALYSIS OF L
IABILITIES
Total liabilities (TL) of insurance sector at Rs
412.7.0 billion in CY11 increased by 21.2
percent in CY12 to Rs 500.3 billion. Balances
of statutory funds (BSF) have been Rs 313.6
billion in CY11 and Rs 384.9 billion in CY12,
showing an increase of 22.7 percent. The
contribution of BSF to TL was 76.0 percent and
76.9 percent in CY11 and CY12 respectively.
Out of total liabilities, 83.2 percent pertain to
life insurance business.
P
ROFITABILITY AND OPERATING EFFICIENCY
The main source of revenue of insurance sector
is premium. The gross premium for year CY11
was Rs 127.2 billion which increased by 19.4
percent to reach Rs. 151.8 billion in CY12. Net
premium increased from Rs. 98.4 billion in
CY11 to Rs. 118.7 billion in CY12 showing an
increase of 20.7 percent.
Investment income at Rs. 38.2 billion in CY11
increased by 25.6 percent to reach Rs 48.0
billion in CY12. Under-writing profit at Rs.
26.5 billion in CY11 increased by 42.1 percent
to reach Rs. 37.6 billion. Profit before and after
taxation increased to Rs. 15.7 billion and Rs.
12.4 billion respectively in CY12.

182

2012

Financial Statement Analysis of Financial Sector

recording an expansion of 9.6 percent. Total assets

er CY11. In absolute terms, it increased from Rs

Components Of Liabilities
600

CY11

CY12

Growth

22.7%
500
400

21.2%
16.2%

17.4%

300
Billion Rs.
200
100
0
TL

BSF

OC

MISC

Premium Income Positions


200

151.8
127.2

150
100

118.7
98.4

Billion Rs.
50
0

60

CY11
CY12
Non core income of insurance companies
CY11
CY12
Growth
42.1%

50
40
25.6%
30
Billion Rs.
20
10
0
Investment Income

Underwriting Profit

2,500.%
2,000.%
1,500.%
Growth
1,000.%
500.%
0.0%

Gross Premium

Net Premium

4,500.%
4,000.%
3,500.%
3,000.%
2,500.%
2,000.%
1,500.%
1,000.%
500.%
0.0%

Financial Statement Analysis of Financial Sector

Return on equity (ROE) at 9.0 percent in CY11


increased to 13.04 percent in CY12.Similarly,
1,500.%

return on assets (ROA) 1.6 percent in CY11


increased to 2.08 percent in CY12. 1,000.%

Earnings per share (EPS) at Rs. 40


2.94 in CY11,
35

reached Rs. 4.37 per share in CY12. Breakup value


30

per share (BPS) increased from Rs.25


32.68 per share
in CY11 to Rs. 33.54 per share in

20
15
CY12.
Rs. per Share
10
5
0

183

2012

ment Analysis of Financial Sector

Profitability Ratios
CY11

CY12

13.04%
9.%
500.%
0.0%

1.60% 2.08%
ROE

ROA
Valuation per Share
32.68

CY11

CY12

2.94
EPS

4.37
BPS

33.54

Financial Statement Analysis of Financia

Insurance Companies - Overall


2008
Items
A.Total equity (A1 to A3)
79,294,355.
1.Share capital
21,001,523.
2.Reserves
44,317,746.
3.Un appropriated profit
13,975,086.
4.Others
316,877.
B.Total liabilities (B1 to B3)
263,404,552.
1.Balance of statutory funds
193,936,317.
2.Outstanding claims, adv., prem., due to other insurers
52,695,558.
3.Other/misc. liabilities
16,772,677.
C.Total assets (C1 to C5)
343,015,784.
1.Cash and balances with banks
41,361,289.
2.Advances to policy holders & employees
13,844,094.
3.Investments in securities & properties
235,570,708.
4.Other/misc. assets
47,301,536.
5.Fixed assets
4,938,157.
D.Profit & loss account
1.Investment income
14,174,965.
2.Gross premium
76,150,980.
3.Net premium
60,955,357.
4.Gross claims
42,809,380.
5.Net claims
34,725,276.
6.Underwriting profit
27,183,638.
-1876153
7.Profit/(loss) before taxation
-3422146
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2,669,063.
2.Cash dividend
N/A
3.Stock dividend/bonus shares
N/A
4.Cash generated from operating activities
830,219.
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
-4.32%
2.Return on assets (ROA) (D8/C)
-1.%
3.Earning per share (D8/E1) (rs. per share)
-1.28
4.Net Claims Incurred Ratio (D5/D3)
56.97%
5.Underwriting profit to profit after tax. (D6/D8)
-794.34%
6.Investment income to net premium (D1/D3)
23.25%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
12.06%
2. Investment to total assets (C3/C)
68.68%
H.Capital /leverage ratios
1.Capital ratio (A/C)
23.12%
2.Break up value per share (A/E1) (Rs. per share)
29.71
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
-24.26%

184

2012

inancial Statement Analysis of Financial Sector

2009
84,319,908.
22,291,755.
37,757,097.
24,271,056.
819,131.
300,169,598.
223,525,201.
47,774,239.
28,870,158.
385,308,637.
34,183,294.
16,678,112.
275,622,467.
52,405,483.
6,419,281.

2010
86,689,524.
25,452,564.
38,331,444.
22,905,516.
1,953,222.
356,996,176.
262,756,784.
74,314,208.
19,925,184.
445,638,922.
43,985,108.
572,369.
114,607,048.
279,517,845.
6,956,552.

(Thousand Rupees)
2011
2012
89,332,259. 95,178,280.
27,621,324. 28,648,267.
37,397,162. 38,199,607.
24,313,773. 28,330,406.
1,116,841.
2,307,390.
412,653,090. 500,286,556.
313,603,025. 384,889,878.
75,264,611. 87,473,869.
23,785,454. 27,922,809.
503,102,190. 597,772,226.
50,493,163. 56,531,992.
752,431.
761,247.
347,237,422. 417,696,631.
97,410,110. 113,975,088.
7,209,064.
8,807,268.

36,385,553. 32,810,542. 38,217,452. 47,994,585.


87,428,602. 105,179,540. 127,150,259. 151,831,439.
66,891,124. 80,645,113. 98,373,350. 118,733,384.
44,853,530. 56,866,547. 54,179,993. 67,848,999.
35,270,353. 38,203,611. 42,550,808. 49,162,663.
29,215,507. 16,328,161. 26,484,187. 37,639,608.
7,970,541.
8,853,469. 10,849,925. 15,726,750.
6,575,665.
5,862,322.
8,038,880. 12,411,199.
2,897,533.
2,516,580.
2,733,462.
2,837,699.
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
2,328,621. 10,571,042. 19,661,576. 31,416,611.
7.8%
1.71%
2.27
52.73%
444.3%
54.4%

6.76%
1.32%
2.33
47.37%
278.53%
40.69%

9.%
1.6%
2.94
43.25%
329.45%
38.85%

13.04%
2.08%
4.37
41.41%
303.27%
40.42%

8.87%
71.53%

9.87%
25.72%

10.04%
69.02%

9.46%
69.88%

21.88%
29.1

19.45%
34.45

17.76%
32.68

15.92%
33.54

35.41%

180.32%

244.58%

253.13%

Financial Statement Analysis of Financia

Life Insurance Corporations - Overall


2008
Items
A.Total equity (A1 to A3)
3,845,833.
1.Share capital
3,550,720.
2.Reserves
454,004.
-158891
3.Un appropriated profit
4.Others
127,208.
B.Total liabilities (B1 to B3)
210,435,786.
1.Balance of statutory funds
193,737,166.
2.Outstanding claims, adv., prem., due to other insurers
11,796,266.
3.Other/misc. liabilities
4,902,354.
C.Total assets (C1 to C5)
214,408,827.
1.Cash and balances with banks