Bank Alafalah Financial Statements

Balance sheet Analysis

Balance Sheet s:

assets
cash and equivalents
trading asset securities

2009
38,980.50
256.5

2010
36,608.20
1,114.60

2011
39,850.60
11,206.20

total cash and short term investments

other receivables
total receivables
prepaid expenses

50,474.00
955.1
955.1
2.1

39,438.00
861.8
861.8
1.7

57,167.40
543.8
543.8
1

restricted cash
other current assets
total current assets
gross property plant and equipment
accumulated depreciation
net property plant and equipment
goodwill
deferred tax assets, long term
other intangibles

22,508.90
1,904.40
84,188.10
18,920.70
-4,589.10
14,331.60
0

25,544.10
1,411.80
76,140.00
19,796.50
-6,144.10
13,652.40
0
-220.8
599.2

30,103.90
1,069.10
97,973.70
20,751.00
-7,788.00
12,963.00
0
421.7
464.7

9,177.20
1,767.40
389,294.30 411,803.90

5,820.00
468,345.80

other long-term assets

total assets
liabilities & equity
accrued expenses
short-term borrowings
current portion of long-term debt/capital lease
current portion of capital lease obligations
current income taxes payable
other current liabilities, total
total current liabilities
long-term debt
capital leases
minority interest
unearned revenue, non-current
deferred tax liability non-current

--

5,383.30
20,162.90
7.8
4.8
-3,766.10
354,063.50
8,113.60
7.6
-171.7
774.2

4,409.60
5,248.00
13,050.00
17,060.50
421.4
1,275.10
3
1.3
-595.5
4,633.10
5,513.40
376,524.80
430,938.30
7,798.90
6,983.30
2.9 --27.6
-11.1
221.9
206.3
993.3 --

other non-current liabilities

total liabilities
common stock
additional paid in capital
retained earnings
comprehensive income and other
total common equity

4,481.50
4,614.00
4,314.70
367,612.10 390,155.90
442,442.50
13,491.60
13,491.60
13,491.60
1,615.50
1,968.40 -2,743.50
2,888.40
9,196.00
3,831.60
3,327.10
3,226.80
21,682.20
21,675.60
25,914.30

total equity
total liabilities and equity

21,682.20 21,648.00
389,294.30 411,803.90

25,903.30
468,345.80

Horizontal Analysis
2009

2010

2011

assets
100 93.91414 102.2321
cash and equivalents
100 434.5419 4368.889
trading asset securities
100 78.13528 113.2611
total cash and short term investments
100 90.23139 56.93645
other receivables
100 90.23139 56.93645
total receivables
100 80.95238 47.61905
prepaid expenses
100 113.4844 133.7422
restricted cash
100 74.13359 56.13842
other current assets
100 90.44034 116.3748
total current assets
100 104.6288 109.6735
gross property plant and equipment
100 133.8846 169.7065
accumulated depreciation
100 95.26082 90.45047
net property plant and equipment
#DIV/0!

#DIV/0!

#DIV/0!

#VALUE!

#VALUE!

#VALUE!

100 271.3768

210.462

goodwill
deferred tax assets, long term
other intangibles

100

19.2586 63.41804

other long-term assets

100 105.7822 120.3064
total assets

liabilities & equity

100 81.91258 97.48667
accrued expenses
100 64.72283 84.61332
short-term borrowings
100 5402.564 16347.44
current portion of long-term debt/capital lease
100

62.5 27.08333

current portion of capital lease obligations

#VALUE!

#VALUE!

#VALUE!

current income taxes payable

100 123.0212 146.3955
other current liabilities, total
100 106.3439 121.7122
total current liabilities
100 96.12133 86.06907
long-term debt
100 38.15789

#VALUE!

capital leases
#VALUE!

#VALUE!

#VALUE!

minority interest
100

129.237 120.1514

unearned revenue, non-current

100 128.3002

#VALUE!

deferred tax liability non-current

100 102.9566 96.27803
other non-current liabilities
100 106.1325 120.3558
total liabilities
100

100

100

100 121.8446

#VALUE!

common stock
additional paid in capital
100 105.2816 335.1923
retained earnings
100 86.83318 84.21547
comprehensive income and other
100 99.96956 119.5188
total common equity
100 99.84227

119.468

total equity
100 105.7822 120.3064
total liabilities and equity

Vertcal Analysis
2009

2010

2011

assets
10.01311861 8.889717 8.508798
cash and equivalents
0.065888455 0.270663 2.392719
trading asset securities
12.96551221 9.576888 12.20624
total cash and short term investments
0.245341378 0.209274 0.116111
other receivables
0.245341378 0.209274 0.116111
total receivables
0.000539438 0.000413 0.000214
prepaid expenses
5.781975231 6.202977 6.427708
restricted cash
0.489192881 0.342833 0.228272
other current assets
21.62582396 18.48938 20.91909
total current assets
4.86025611 4.807264 4.430701
gross property plant and equipment
1.178825377

-1.492

-1.66287

accumulated depreciation
3.681430732 3.315267 2.767827
net property plant and equipment
0

#VALUE!

0.09004

goodwill
#VALUE!
deferred tax assets, long term
0.056718015 0.145506 0.099222
other intangibles
2.357393879 0.429185 1.242672
other long-term assets
100

100

100

1.382835557 1.070801

1.12054

total assets

liabilities & equity

accrued expenses
5.17934632 3.168984 3.642714
short-term borrowings

0.002003626

0.10233 0.272256

current portion of long-term debt/capital lease

0.001233 0.000729 0.000278
current portion of capital lease obligations
#VALUE!

#VALUE!

0.12715

current income taxes payable

0.967417196 1.125074 1.177207
other current liabilities, total
90.95008583 91.43303 92.01285
total current liabilities
2.084181556 1.893838 1.491056
long-term debt
0.001952251 0.000704

#VALUE!

capital leases
#VALUE!

-0.0067

-0.00237

minority interest
0.044105449 0.053885 0.044049
unearned revenue, non-current
0.198872678 0.241207

#VALUE!

deferred tax liability non-current

1.15118562 1.120436 0.921264
other non-current liabilities
94.43038339 94.74313 94.46919
total liabilities
3.465655675

3.27622 2.880692

common stock
0.414981673 0.477995

#VALUE!

additional paid in capital

0.704736751 0.701402 1.963506
retained earnings
0.984242513 0.807933 0.688978
comprehensive income and other
5.569616611 5.263573 5.533155
total common equity
5.569616611 5.256871 5.530807
total equity
100

100

100

total liabilities and equity

National Bank Financial Statements

Balance Sheet Analaysis
Balance Sheets:
assets
cash and equivalents

2009
55,431.30

2010
53,349.70

2011
43,177.60

trading asset securities

total cash and short term investments
other receivables
total receivables
restricted cash
other current assets
total current assets
gross property plant and equipment
accumulated depreciation
net property plant and equipment
goodwill
deferred tax assets, long term
other intangibles
other long-term assets
total assets

liabilities & equity

accrued expenses
short-term borrowings
current portion of long-term debt/capital lease
current portion of capital lease obligations
other current liabilities, total
total current liabilities
long-term debt
capital leases
minority interest
unearned revenue, non-current
pension & other post-retirement benefits
other non-current liabilities
total liabilities
common stock
retained earnings
comprehensive income and other
total common equity
total equity
total liabilities and equity

2,564.40

6,732.80

19,462.90

76,351.90
13,686.40
13,686.40

82,014.70
20,616.50
20,616.50

106,278.80
19,885.90
19,885.90

90,023.60
93,050.70
22,819.70
4,868.20
218,810.80
220,431.90
29,982.10
32,766.50
-4,810.50
-5,727.10
25,171.60
27,039.40
-562.6
3,064.50
6,954.20
29.3
18.8
32,043.80
17,538.30
946,253.30 1,038,018.50

116,735.60
9,985.30
274,673.50
34,466.40
-6,981.20
27,485.20
562.6
7,973.10
79.1
19,871.70
1,153,480.10

2009
18,432.90
33,705.10
2,921.10
19
22,312.10

2010
21,419.30
13,455.00
6,265.60
51.6
19,895.50

2011
21,697.10
21,566.30
8,803.30
56.2
21,557.00

804,884.10
893,169.50
11,734.90
2,949.50
23.6
71.8
110.9
498.1
218
94.9
3,531.00
3,905.80
5,069.00
6,528.20
825,460.70
906,719.60
10,763.70
13,454.60
77,562.50
84,725.80
32,355.40
32,620.30
120,681.60
130,800.80
120,792.60
131,298.80
946,253.30 1,038,018.50

1,001,038.90
2,684.90
36.5
495.5
347.8
4,457.80
9,119.80
1,017,685.70
16,818.30
89,094.80
29,385.80
135,298.90
135,794.40
1,153,480.10

Horizontal Analaysis:
2009

2010

2011

100 96.24472

77.8939

assets
cash and equivalents
100 262.5487 758.9651
trading asset securities
100 107.4167

139.196

total cash and short term investments

100 150.6349 145.2968
other receivables
100 150.6349 145.2968
total receivables
100 103.3626 129.6722
restricted cash
100 21.33332 43.75737
other current assets
100 100.7409 125.5301
total current assets
100 109.2869 114.9566
gross property plant and equipment
100 119.0542 145.1242
accumulated depreciation
100 107.4203 109.1913
net property plant and equipment
0

goodwill
100 226.9277 260.1762
deferred tax assets, long term
100 64.16382 269.9659
other intangibles
100 54.73227 62.01418
other long-term assets
100 109.6977 121.8997
total assets

100 100.0498 100.0996

liabilities & equity
100 116.2015 117.7086
accrued expenses
100 39.91977 63.98527
short-term borrowings
100 214.4945 301.3693
current portion of long-term debt/capital lease

100 271.5789 295.7895

current portion of capital lease obligations
100 89.16911 96.61574
other current liabilities, total
100 110.9687 124.3706
total current liabilities
100 25.13443 22.87962
long-term debt
100 304.2373

154.661

capital leases
100 449.1434 446.7989
minority interest
100 43.53211 159.5413
unearned revenue, non-current
100 110.6146 126.2475
pension & other post-retirement benefits
100 128.7867 179.9132
other non-current liabilities
100 109.8441

123.287

total liabilities
100 124.9998 156.2502
common stock
100 109.2355 114.8684
retained earnings
100 100.8187 90.82193
comprehensive income and other
100

108.385 112.1123

total common equity

100 108.6977 112.4195
total equity
100 109.6977 121.8997
total liabilities and equity

Vertical Analaysis:

2009

2010

2011

assets
5.857977 5.139571 3.743246
cash and equivalents
0.271006

0.64862

1.68732

trading asset securities

8.068865 7.901083 9.213752
total cash and short term investments
1.446378

1.98614 1.723992

1.446378

1.98614 1.723992

other receivables
total receivables

9.513689 8.964262

10.1203

restricted cash
2.411585

0.46899 0.865667

other current assets

23.12391 21.23584 23.81259
total current assets
3.168507 3.156639 2.988036
gross property plant and equipment
-0.50837

-0.55173

-0.60523

accumulated depreciation
2.660133 2.604905 2.382807
net property plant and equipment
0 0.054199 0.048774
goodwill
0.323856

0.66995 0.691221

deferred tax assets, long term

0.003096 0.001811 0.006858
other intangibles
3.386387 1.689594 1.722761
other long-term assets
100

100

100

2009

2010

2011

total assets

liabilities & equity

0.00 1.775778 1.856928
accrued expenses
3.561953

1.29622 1.869672

short-term borrowings
0.308702 0.603612 0.763195
current portion of long-term debt/capital lease
0.002008 0.004971 0.004872
current portion of capital lease obligations
2.357942 1.916681 1.868866
other current liabilities, total
85.06011 86.04562 86.78424
total current liabilities
1.240144 0.284147 0.232765
long-term debt
0.002494 0.006917 0.003164
capital leases
0.01172 0.047986 0.042957
minority interest
0.023038 0.009142 0.030152
unearned revenue, non-current

0.373156 0.376275 0.386465

pension & other post-retirement benefits
0.535692

0.62891 0.790633

other non-current liabilities

87.23464 87.35101 88.22742
total liabilities
1.137507 1.296181 1.458049
common stock
8.196801 8.162263

7.724

retained earnings
3.419317 3.142555 2.547578
comprehensive income and other
12.75363 12.60101 11.72963
total common equity
12.76536 12.64898 11.77258
total equity
100

100

100

total liabilities and equity

Soneri Bank of Pakistan:

Balance Sheet Analaysis:
Balance Sheets:
assets
cash and equivalents
trading asset securities
total cash and short term investments
other receivables
total receivables
restricted cash
other current assets
total current assets
gross property plant and equipment

2009
4,054.20
151.6
5,361.20
29.3
29.3
3,914.10
1,016.80
11,787.40
4,325.90

2010
4,002.30
271.8
6,106.00
35.1
35.1
4,645.90
1,290.00
13,706.20
4,860.50

2011
3,837.60
122
4,372.80
83.4
83.4
6,000.60
1,556.80
13,807.90
5,494.00

accumulated depreciation
net property plant and equipment
deferred tax assets, long term
other intangibles

-1,004.10
3,321.70
108.4
12.2

-1,414.60
3,445.90
384.7
23

-1,849.30
3,644.70
362.2
189.2

998.2

4,578.10

6,077.50

95,310.30 108,105.70

129,732.40

other long-term assets

total assets

liabilities & equity

accrued expenses
short-term borrowings
current portion of long-term debt/capital lease
other current liabilities, total
unearned revenue, current
total current liabilities
long-term debt
total liabilities
common stock
additional paid in capital
retained earnings
comprehensive income and other
total common equity
total equity
total liabilities and equity

1,438.50
1,557.70
8,368.00
11,312.60
0.5
299.5
1,909.80
2,008.90
27.2
36.7
85,292.20
97,232.30
2,214.90
1,955.70
87,507.10 99,188.00
5,019.40
6,023.20
1.4
1.4
2,160.80
2,356.70
621.6
536.3
7,803.20
8,917.70
7,803.20
8,917.70
95,310.30 108,105.70

1,782.80
13,178.00
598.6
1,747.50
35.8
117,076.60
1,678.50
118,755.10
9,029.20
1.4
2,207.60
-260.9
10,977.30
10,977.30
129,732.40

Horizontal Analaysis:
2009

2010

2011

assets
100 98.71985 94.65739
cash and equivalents
100 179.2876 80.47493
trading asset securities
100 113.8924 81.56383
total cash and short term investments
100 119.7952 284.6416
other receivables
100 119.7952 284.6416
total receivables
100 118.6965 153.3073
restricted cash
100 126.8686 153.1078
other current assets

100 116.2784 117.1412

total current assets
100 112.3581 127.0025
gross property plant and equipment
100 140.8824 184.1749
accumulated depreciation
100

103.739 109.7239

net property plant and equipment

100 354.8893 334.1328
deferred tax assets, long term
100 188.5246

1550.82

other intangibles
100 458.6355 608.8459
other long-term assets
100

113.425 136.1158

total assets

liabilities & equity

100 108.2864 123.9347
accrued expenses
100 135.1888 157.4809
short-term borrowings
100

59900

119720

current portion of long-term debt/capital lease

100

105.189 91.50173

other current liabilities, total

100 134.9265 131.6176
unearned revenue, current
100 113.9991 137.2653
total current liabilities
100 88.29744

75.7822

long-term debt
100 113.3485 135.7091
total liabilities
100 119.9984

179.886

common stock
100

100

100

additional paid in capital

100 109.0661 102.1659
retained earnings
100 86.27735
comprehensive income and other

-41.9723

100 114.2826 140.6769

total common equity
100 114.2826 140.6769
total equity
100

113.425 136.1158

total liabilities and equity

Vertical Analaysis:
2009

2010

2011

assets
4.253685

3.70221 2.958089

cash and equivalents

0.159059 0.251421

0.09404

trading asset securities

5.624995 5.648176 3.370631
total cash and short term investments
0.030742 0.032468 0.064286
other receivables
0.030742 0.032468 0.064286
total receivables
4.106692 4.297553 4.625367
restricted cash
1.066831 1.193277 1.200009
other current assets
12.36739 12.67852 10.64337
total current assets
4.538754 4.496063 4.234871
gross property plant and equipment
-1.05351

-1.30853

-1.42547

accumulated depreciation
3.485143 3.187529 2.809398
net property plant and equipment
0.113734 0.355855

0.27919

deferred tax assets, long term

0.0128 0.021275 0.145839
other intangibles
1.047316 4.234837 4.684643
other long-term assets
100
total assets

100

100

liabilities & equity

1.509281 1.440905 1.374213
accrued expenses
8.779744 10.46439 10.15783
short-term borrowings
0.000525 0.277044 0.461411
current portion of long-term debt/capital lease
2.003771 1.858274 1.347004
other current liabilities, total
0.028538 0.033948 0.027595
unearned revenue, current
89.48896 89.94188 90.24469
total current liabilities
2.323883 1.809063 1.293817
long-term debt
91.81285 91.75094 91.53851
total liabilities
5.266377 5.571584 6.959865
common stock
0.001469 0.001295 0.001079
additional paid in capital
2.267121 2.179996 1.701657
retained earnings
0.652186 0.496089

-0.20111

comprehensive income and other

8.187153 8.249056 8.461495
total common equity
8.187153 8.249056 8.461495
total equity
100

100

100

Income statement
total revenues
cost of goods sold

2009
12,595.40
646.9

2010
16,167.70
806.7

2011
19,619.70
878

gross profit
selling general & admin expenses, total

11,948.50
10,363.10

15,361.00
11,751.90

18,741.70
13,002.40

total liabilities and equity

Bank Alfalah ltd.

Income Statements Analaysis:

ebt, excluding unusual items

other unusual items, total

437.7

2,164.50
-99.4 --

5,383.20

ebt, including unusual items

437.7

2,065.10

5,383.20

income tax expense

minority interest in earnings
earnings from continuing operations

535.6
-97.9

898.1
27.6
1,167.00

1,057.30
7.8
4,325.90

-97.9
-97.9
-97.9

1,194.60
1,194.60
1,194.60

4,333.70
4,333.70
4,333.70

net income
net income to common including extra items
net income to common excluding extra items

--

--

Horizontal Analaysis:
2009

2010

2011

Income statement
100 128.3619 155.7688
total revenues
100 124.7024 135.7242
cost of goods sold
100 128.5601

156.854

gross profit
100 113.4014 125.4682
selling general & admin expenses, total
100 494.5168 1229.883
ebt, excluding unusual items
#VALUE!

#VALUE!

#VALUE!

other unusual items, total

100 471.8072 1229.883
ebt, including unusual items
100 167.6811 197.4048
income tax expense
#VALUE!

#VALUE!

#VALUE!

100

-1192.03

-4418.69

100

-1220.22

-4426.66

100

-1220.22

-4426.66

100

-1220.22

-4426.66

minority interest in earnings

earnings from continuing operations
net income
net income to common including extra items
net income to common excluding extra items

Vertical Analaysis:
2009

2010

2011

100

100

100

Income statement
total revenues
5.136002032 4.989578 4.475094
cost of goods sold
94.86399797 95.01042 95.52491
gross profit
82.27686298 72.68752 66.27217
selling general & admin expenses, total
3.475078203

13.3878 27.43773

ebt, excluding unusual items

#VALUE!

-0.61481

#VALUE!

other unusual items, total

3.475078203

12.773 27.43773

ebt, including unusual items

4.252346095 5.554903 5.388971
income tax expense
#VALUE!

0.170711 0.039756

minority interest in earnings

0.777267891 7.218095 22.04876
earnings from continuing operations
0.777267891 7.388806 22.08851
net income
0.777267891 7.388806 22.08851
net income to common including extra items
0.777267891 7.388806 22.08851
net income to common excluding extra items

National Bank of Pakistan:

Income Statement Analysis:
income statement
total revenues
cost of goods sold

2009
2010
2011
45,002.00
51,678.70
57,485.90
330.3 ---

gross profit
selling general & admin expenses, total
ebt, excluding unusual items
impairment of goodwill
other unusual items, total
other unusual items
ebt, including unusual items

44,671.70
51,678.70
57,485.90
22,486.40
26,732.00
30,760.80
21,198.80
24,714.90
26,116.00
--92.6 -------21,198.80
24,622.30
26,116.00

income tax expense

minority interest in earnings
earnings from continuing operations
net income
net income to common including extra items
net income to common excluding extra items

3,749.80
1.8
17,449.00
17,450.80
17,450.80
17,450.80

6,883.90
70.9
17,738.40
17,809.30
17,809.30
17,809.30

8,406.80
2.6
17,709.20
17,711.80
17,711.80
17,711.80

Horizontal Analysis:
2009

2010

2011

income statement
100 114.8365 127.7408
total revenues
100

#VALUE!

#VALUE!

cost of goods sold

100 115.6855 128.6853
gross profit
100 118.8807 136.7974
selling general & admin expenses, total
100 116.5863 123.1957
ebt, excluding unusual items
0

impairment of goodwill
other unusual items, total
other unusual items
100 116.1495 123.1957
ebt, including unusual items
100 183.5805 224.1933
income tax expense
100 3938.889 144.4444
minority interest in earnings
100 101.6585 101.4912
earnings from continuing operations
100 102.0543 101.4956
net income

100 102.0543 101.4956

net income to common including extra items
100 102.0543 101.4956
net income to common excluding extra items

Vertical Analaysis:
2009

2010

2011

100

100

100

0.733967

#VALUE!

#VALUE!

99.26603

100

100

income statement
total revenues
cost of goods sold
gross profit
49.96756 51.72731 53.51017
selling general & admin expenses, total
47.10635 47.82415 45.43027
ebt, excluding unusual items
#VALUE!

-0.17918

#VALUE!

#VALUE!

#VALUE!

#VALUE!

#VALUE!

#VALUE!

#VALUE!

impairment of goodwill
other unusual items, total
other unusual items
47.10635 47.64497 45.43027
ebt, including unusual items
8.332519 13.32058 14.62411
income tax expense
0.004 0.137194 0.004523
minority interest in earnings
38.77383 34.32439 30.80616
earnings from continuing operations
38.77783 34.46159 30.81069
net income
38.77783 34.46159 30.81069
net income to common including extra items
38.77783 34.46159 30.81069
net income to common excluding extra items

Soneri Bank ltd.

Income Statement Analaysis:

Incme statement:
total revenues
cost of goods sold
gross profit
selling general & admin expenses, total
ebt, excluding unusual items
other unusual items, total
ebt, including unusual items
income tax expense
earnings from continuing operations
net income
net income to common including extra items
net income to common excluding extra items

2009

2010

2011

2,269.40
-2,269.40
2,113.70
190.4

2,822.80
42
2,780.80
2,582.00
140.4

4,580.90
49.7
4,531.20
3,398.20
1,078.30

0
190.4
45.1
145.4
145.4
145.4
145.4

0
140.4
15
125.4
125.4
125.4
125.4

0
1,078.30
294.7
783.5
783.5
783.5
783.5

Horizontal Analaysis:
2009

2010

2011

Incme statement:
100 124.3853 201.8551
total revenues
0

cost of goods sold

100 122.5346 199.6651
gross profit
100 122.1555 160.7702
selling general & admin expenses, total
100

73.7395

566.334

100

73.7395

566.334

ebt, excluding unusual items

other unusual items, total
ebt, including unusual items
100 33.25942 653.4368
income tax expense
100 86.24484 538.8583
earnings from continuing operations
100 86.24484 538.8583
net income
100 86.24484 538.8583
net income to common including extra items

100 86.24484 538.8583

net income to common excluding extra items

Vertical Analaysis:
2009

2010

2011

100

100

100

#VALUE!

1.487884

1.08494

Incme statement:
total revenues
cost of goods sold
100 98.51212 98.91506
gross profit
93.13916 91.46946 74.18193
selling general & admin expenses, total
8.389883 4.973785 23.53904
ebt, excluding unusual items
0

other unusual items, total

8.389883 4.973785 23.53904
ebt, including unusual items
1.987309 0.531387 6.433234
income tax expense
6.40698 4.442398 17.10363
earnings from continuing operations
6.40698 4.442398 17.10363
net income
6.40698 4.442398 17.10363
net income to common including extra items
6.40698 4.442398 17.10363
net income to common excluding extra items

Ratio Analasis of these Banks:

1) Current Ratio:
Current Ratio= Current Assets/Current Liabilities
2009
Bank Alfalahs:

C.R= 84,188.10/ 354,063.50 = 0.237776839

National Banks:
C.R=218,810.80/804,884.10=
Soneri Banks:
C.R=

2010
Bank Alfalahs:
C.R= 76,140.00/ 376,524.80 = 0.20221776

NBP
C.R=220,431.90/893,169.50=

2011
Bank Alfalahs:

C.R= 97,973.70/ 430,938.30 = 0.22734972

NBP
C.R=274,673.50/1,001,038.90=

Quick Ratio:
Quick Ratio= Cash &cash equivalents+short term Investments+Accouts recievables/Current Liabilities
2009

Bank Alfalahs:
Q.R= 50,474.00+ 955.1+ 955.1/ 354,063.50 = 51429.1027
NBP
Q.R=103,724.70/804,884.10=

Soneri Bank
Q.R=

2010

Bank Alfalahs:
Q.R= 39,438.00+ 861.8+ 861.8/ 376,524.80 = 40299.8023

NBP
Q.R=123,247.70/893,169.50=

Soneri Bank
Q.R=

2011

Bank Alfalahs:
Q.R=57,167.40+543.8+543.8/430,938.30 = 57711.2013

NBP
Q.R=146,050.60/1,001,038.90=

Soneri Bank
Q.R=

Cash Ratio:Cash+cash equi+Invested funds/C.L

2009
Bank Alfalahs:
Cash.R =50,474.00/354,063.50 =0.142556349

NBP:
Cash.R = 76,351.90/804,884.10=

Soneri bank:
Cash.R =

2010
Bank Alfalahs:
Cash.R=39,438.00/376,524.80 =0.104742
NBP
Cash.R =82,014.70/893,169.50=

Soneri Bank:

Cash.R =

2011
Bank Alfalahs:
Cash.R = 57167.40/430,938.30 =0.132657969
NBP:
Cash.R = 106,278.80/ 1,001,038.90=

Soneri Bank:
Cash.R =

Gross Profit Margin:

Gross Profit Margin=Gross profit/Net Revenue
2009
Bank Alfalahs:

GPM= 11,948.50/ 12,595.40 = 0.94863998

NBP:

GPM= 44,671.70/ 45,002.00=

Soneri Bnak:

GPM=

2010
Bank Alfalahs:

GPM= 15,361.00/ 16,167.70 = 0.95010422

NBP:

GPM= 51,678.70/ 51,678.70=

Soneri Bank ltd.

GPM=

2011
Bank Alfalahs:

GPM=18,741.70/ 19,619.70 =0.95524906

NBP:
GPM=57,485.90/57,485.90=

GPM=

Operating Profit Margin:

Operating Profit Margin= Operating Profit/Net Revenue
2009
Bank Alfalahs:
OPM= 1,585.40/ 12,595.40 = 0.12587135

NBP:
OPM=22,185.3/ 45,002.00=

OPM=
2010
Bank Alfalahs:
OPM= 0.22322903/ 16,167.70 = 0.22322903

NBP:
OPM=24,946.7/ 51,678.70=

OPM=

2011

Bank Alfalahs:

OPM= 5,739.30/ 19,619.70 = 0.29252741

NBP:
OPM=26725.1/ 57,485.90

OPM=

Pretax Profit Margin= Pretax Profit/Net Revenue

2009
Bank Alfalahs:
PPM= 437.7/ 12,595.40 = 0.034750782
NBP:
PPM= 21,198.80/ 45,002.00=

2010
Bank Alfalahs:
PPM= 2,065.10/ 16,167.70 = 0.12772998

PPM= 24,622.30/ 51,678.70=

2011
Bank Alfalahs:
PPM=5,383.20/19,619.70 = 0.27437728
NBP:
PPM= 26,116.00/ 57,485.90=

PPM

Net Profit Margin=Net Income/Net Revenue

2009
Bank Alfalahs:
NPM= -97.9/ 12,595.40 = -0.00777268

NBP:
NPM= 17,450.80/ 45,002.00=

NPM=

2010
Bank Alfalahs:
NPM= 1,194.60/ 16,167.70 = 0.07388806

NBP:
NPM= 17,809.30/ 51,678.70=

NPM=

2011
Bank Alfalahs:
NPM=4,333.70/ 19,619.70 = 0.22088513

NBP:
NPM=17,711.80/57,485.90=

NPM=

Effective Tax Rate=Income Tax Expense/Pretax Income

2009
Bank Alfalahs:
ETR= 535.6/ 437.7 =1.223669
NBP:
ETR= 3,749.80/ 21,198.80=

2010

Bank Alfalahs:
ETR= 898.1/ 2,065.10 =0.434894

NBP:
ETR= 6,883.90/ 24,622.30=

2011

Bank Alfalahs:
ETR=1,057.30 /5,383.20 =0.196407341
NBP:
ETR: 8,406.80/26,116.00=

Return on Assets=Net Income/Avg. Total Assets

2009
Bank Alfalahs:
ROA=-97.9/423148 = -0.00023136
NBP:
ROA=17,450.80/3,137,751.90=

2010
Bank Alfalahs:

ROA= 1,194.60/423148 =0.00282313

NBP:
ROA=17,809.30/3,137,751.90=

2011
Bank Alfalahs:
ROA=4,333.70/423148 = 0.01024157
NBP:
ROA=17,711.80/3,137,751.90=

Return on Equity=Net Inome /Avg. Shareholders Equity

2009
Bank Alfalahs:
ROE=-97.9/23077.84 = -0.00424217

NBP:
ROE=17,450.80/387,885.80=

2010
Bank Alfalahs:
ROE= 1,194.60/23077.84 =0.05176396

NBP:
ROE= 17,809.30/ 387,885.80=

2011
Bank Alfalahs:
ROE=4,333.70/23077.84 = 0.18778625

NBP:
ROE=17,711.80/57,485.9=

Debt Ratio=Total liabilities/Total Assets

2009
Bank Alfalahs:
D.R= 367,612.10/389,294.30 =0.944303834

NBP:
D.R=825,460.70/946,253.30=

2010
Bank Alfalahs:
D.R= 390,155.90/411,803.90 =0.94743129
NBP:
D.R=906,719.60/1,038,018.50=

2011
Bank Alfalahs:
D.R=442,442.50/468,345.80 =0.94469193

NBP:
D.R=1,017,685.70/1,153,480.10=

Debt to Equity Ratio=Total liabilities/Shareholders Equity

2009

Bank Alfalahs:
D-E Ratio= 367,612.10/ 21,682.20 = 16.95455719

NBP:

D-E Ratio= 825,460.70/ 120,792.60=

Debt to Equity Ratio=Total liabilities/Shareholders Equity

2010
Bank Alfalahs:
D-E Ratio= 390,155.90/ 21,648.00 = 18.0227227

NBP:
D-E Ratio= 906,719.60/ 131,298.80=

Debt to Equity Ratio=Total liabilities/Shareholders Equity

2011
Bank Alfalahs:
D-E Ratio=442,442.50/25,903.30 =17.0805457

NBP:

D-E Ratio= 1,017,685.70/ 135,794.40=

Capitalization Ratio=long term debt/long term debt+shareholders equity

2009
Bank Alfalahs:
C.R= 8,113.60/ 8,113.60+ 21,682.20 = 21683.2

NBP:

C.R= 11,734.90/ 11,734.90+ 120,792.60

2010
Bank Alfalahs:
C.R=7,798.90/7,798.90+21,648.00 =21649

NBP:

C.R= 2,949.50/ 2,949.50+ 131,298.80

2011
Bank Alfalahs:
C.R=6,983.30/6,983.30+25,903.30 =25904.3

NBP:

C.R= 2,684.90/ 2,684.90+ 135,794.40

Interest Coverage Ratio=EBIT/Interest Expense

2009
Bank Alfalahs:
I.C.Ratio=437.7/10,363.10 =

NBP:

I.C.Ratio= 21,198.80/ 22,486.40=

2010
Bank Alfalahs:
I.C.Ratio= 2,065.10/ 11,751.90 =

NBP:

I.C.Ratio= 24,622.30/ 26,732.00=

2011
Bank Alfalahs:
I.C.Ratio=5,383.20/13,002.40 =

NBP:
I.C.Ratio= 26,116.00/30,760.80=

Cash Flow to Debt Ratio=Operating Cash Flow/Total Debt

2009
Bank Alfalahs:
C/F to Debt=-25,047.3/362,177.1= -0.069

2010
Bank Alfalahs:
C/F to Debt=-11,166.0/384323.70= -0.029053633

2011
Bank Alfalahs:
C/F to Debt=6,301.4/437,921.60 =0.01438934

Fixed Assest Turnover=Revenue/Property, Plant & Equipment

2009
Bank Alfalahs
Fixed Assest Turnover= 12,595.40/ 18,920.70 = 0.878855117

2010

Bank Alfalahs
Fixed Assest Turnover=16,167.70/19,796.50 =1.18423867

2011
Bank Alfalahs
Fixed Assest Turnover=19,619.70/20,751.00 =1.51351539

Operating Cash Flow to sales ratio=operating C/F/Revenue

2009
Bank Alfalahs:
O C/F to sales=-4,065.9/12,595.40 =

2010
Bank Alfalahs:
O C/F to sales=-11,166.0/16,167.70=

2011
Bank Alfalahs:

O C/F to sales=6,301.4/19,619.70 =

Free Cash Flow/Operating Cash Flow Ratio=Free Cash Flow/Operating Cash Flow Ratio-Capital exp/
Operating Cash Flow
2009
Bank Alfalahs:
Free Cash Flow/Operating Cash Flow Ratio= -4,065.9- 1,904.3/-4,065.9=

2010
Bank Alfalahs:

Free Cash Flow/Operating Cash Flow Ratio=-11,166.0-1,533.7/-11,166.0=

2011
Bank Alfalahs:
Free Cash Flow/Operating Cash Flow Ratio=6,301.4-1,080.0/6,301.4=

Short term Debt Coverage=Operating Cash Flow/Short term Debt

2009

Short term Debt Coverage= -4,065.9/ 20,162.90=

2010

Short term Debt Coverage=-11,166.0/13,050.00=

2011

Short term Debt Coverage= 6,301.4/ 17,060.50=

Capital Exp Coverage=Operating C/F/Capital Exp

2009

Capital Exp Coverage= -4,065.9/ -1,904.3=

2010

Capital Exp Coverage=-11,166.0/-1,533.7=

2011

Capital Exp Coverage=6,301.4/-1,080.0=

Dividend Coverage=Operating C/F/Cash Dividends

2009

Dividend Coverage= -4,065.9/ --=

2010

Dividend Coverage=-11,166.0/-1,079.3=

2011

Dividend Coverage=6,301.4/--=

Capex+cash Dividend Coverage=Operating C/F/Cap Exp+Cash Dividends

2009

Capex+cash Dividend Coverage= -4,065.9/ -1,904.3+--=

2010

Capex+cash Dividend Coverage=-11,166.0/-1,533.7+-1,079.3=

2011

Capex+cash Dividend Coverage=6,301.4/-1,080.0+--=

Dividend Payout Ratio=Dividends per Common Share/EPS

2009

Dividend Payout Ratio=1.75/

2010

Dividend Payout Ratio=1.75/

2011

Dividend Payout Ratio=1.75/

EPS=N.I-P.D/Total s.H Equity

2009

EPS=-97.9-0/21682.20=-97.9

2010

EPS=1194.60-0/21,648.00=

2011

EPS=4,333.70-0/25,903.30=

Price per share=Stock Price per share/Shareholders equity per share

2009

Price per share= 16.83/ 1.607088855

2010

Price per share=16.83/1.604553945

2011

Price per share=16.83/1.9

Price per Earning ratio= Stock Price per share/eps

2009

Price per Earning ratio=16.83/

2010

Price per Earning ratio=

2011

Price per Earning ratio=

Price per Earning to growth ratio:

Price per Earning to growth ratio=P/E ratio/Eps

2009

Price per Earning to growth ratio=

2010

Price per Earning to growth ratio=

2011

Price per Earning to growth ratio=

Dividend Yield=Annual Dividend Per share/Stock Price per share

2009

Dividend Yield=

2010

Dividend Yield=

2011

Dividend Yield=