Balance Sheet

As at December
31, 2008, 2009, 2010
2008
2009
Rupees in '000Rupees in '000
ASSETS
Cash and balances with treasury banks
Balances with other banks
Lendings to financial institutions
Investments
Advances
Operating fixed assets
Deferred tax assets
Other assets
TOTAL ASSETS

39,631,219
4,106,526
4,100,079
98,165,391
262,133,830
17,320,485
19,828,228
445,285,758

38,774,871
6,077,354
3,000,000
169,484,647
253,248,265
18,099,010
23,057,731
511,741,878

LIABILITIES
Bills payable
10,551,468 8,201,090
Borrowings
22,663,840 44,662,088
Deposits and other accounts
330,152,549 367,581,075
Sub-ordinated loans
Liabilities against assets subject to finance lease
Deferred tax liabilities - net
440,295
3,201,756
Other liabilities
21,345,473 15,782,589
TOTAL LIABILITIES
385,153,625 439,428,598
NET ASSETS
60,132,133 72,313,280
REPRESENTED BY
Share capital
Reserves
Unappropriated profit
Minority Intrest
Surplus on revaluation of assets - net
TOTAL EQUITY

6,282,768
36,772,321
11,065,723
54,120,812
69
54,120,881
6,011,252
60,132,133

6,911,045
38,387,656
17,821,670
63,120,371
71
63,120,442
9,192,838
72,313,280

2010
Rupees in '000
45,407,264
1,551,518
4,401,781
215,747,844
254,565,471
21,061,787
27,746,198
570,481,863

10,265,537
25,684,593
431,295,499

5,146,733
16,090,374
488,482,736
81,999,127
7,602,150
40,164,526
23,458,429
71,225,105
2,698
71,227,803
10,771,324
81,999,127

Profit and Loss Account

For the year
ended December 31, 2008, 2009, 2010
2008

2009

2010

Rupees in '000Rupees in '000

Mark-up / return / interest earned
40,049,505
Mark-up / return / interest expensed
11,592,922
Net mark-up / interest income
28,456,583
Provision against loans and advances
1,335,127
Reversal of provision for diminution in the value of 2,683,994
investments
Bad debts written directly
4,019,121
Net mark-up / interest income after provisions
24,437,462
NON MARK-UP/INTEREST INCOME
Fee, commission and brokerage income
2,965,328
Income earned as trustee to various funds
21,867
Income from dealing in foreign currencies
727,564
Dividend income
451,312
Gain on sale of securities
748,139
Unrealized loss on revaluation of investments
-99,531
Other income
1,115,169
Total non mark-up / interest income
5,929,848
30,367,310
NON MARK-UP/INTEREST EXPENSES
Administrative expenses
7,670,454
Other provisions
23,135
Other charges
817,824
Total non mark-up / interest expenses
8,511,413
Share of profit of associated undertaking
30,843
Extra ordinary / unusual items
PROFIT BEFORE TAXATION
21,886,740
Taxation - Current
7,387,345
- Prior years
-865,344
- Deferred
16,348
Share of tax of associated undertaking
25,164
TOTAL TAX
6,563,513
PROFIT AFTER TAXATION
15,323,227
Profit attributable to minority interest
-12
Profit attributable to ordinary share holders
15,323,215
Unappropriated profit brought forward
7,054,472
Transfer from surplus on revaluation of fixed assets 21,373
Profit available for appropriation
22,399,060
Basic earnings per share

Vertical Analysis

22.17

Rupees in '000

51,621,911
15,835,581
35,786,330
5,796,527
1,484,218
41,576
7,322,321
28,464,009

54,829,365
18,027,372
36,801,993
3,100,594
444,476
52,047
3,597,117
33,204,876

3,461,374
18,029
341,403
342,132
806,388
11,510
774,017
5,754,853
34,218,862

4,133,109
22,714
632,819
450,492
410,618
40,832
751,058
6,441,642
39,646,518

10,235,366
142,824
691,722
11,069,912
200,196

12,327,496
88,261
990,638
13,406,395
269,513
26,509,636
8,053,368

23,349,146
7,725,787
-2,232,933
2,190,425
464
7,683,743
15,665,403
-4
15,665,399
11,065,723
22,374
26,753,496
22.67

1,554,809
29,333
9,637,510
16,872,126
1,893
16,874,019
17,821,670
21,879
34,717,568
22.2

Balance Sheet
As at December
31, 2006, 2007, 2008
2006
2007
Rupees in '000Rupees in '000
ASSETS
Cash and balances with treasury banks
Balances with other banks
Lendings to financial institutions
Investments
Advances
Operating fixed assets
Deferred tax assets
Other assets
TOTAL ASSETS
LIABILITIES
Bills payable
Borrowings
Deposits and other accounts
Sub-ordinated loans
Liabilities against assets subject to finance lease
Deferred tax liabilities - net
Other liabilities
TOTAL LIABILITIES
NET ASSETS
REPRESENTED BY
Share capital
Reserves
Unappropriated profit
Surplus on revaluation of assets - net
TOTAL EQUITY

2008
Rupees in '000

8.90
0.92

7.58
1.19

7.96
0.27

22.05
58.87
3.89

33.12
49.49
3.54

37.82
44.62
3.69

4.45
100

4.51
100

4.86
100

2.74
5.88
85.72
0.00
0
5.54
86.50
13.50

1.87
10.16
83.65
0.00
1
4.51
85.87
14.13

2.10
5.26
88.29
1
3.29
85.63
14.37

1.41
8
2.49
12.15
1
13.50

1.35
7.50
3.48
12.33
1.80
14.13

1.33
7.04
4.11
12.49
2
14.37

Vertical Analysis
Profit and Loss Account
For the year
ended December 31, 2006, 2007, 2008
2006
2007
Rupees in '000Rupees in '000
Mark-up / return / interest earned
45,979,353
100
Mark-up / return / interest expensed
25.21
30.68
Net mark-up / interest income
71.05
69.32
Provision against non-performing loans and advances 3.33
11.23
Reversal of provision for diminution in the value of investments
6.70
2.88
Write off under Govt. relief packages
-

2008
Rupees in '000
100
32.88
67.12
5.65
-

Provision against off balance sheet obligaions bad debts 0written off directly
10.04
14.18
Net mark-up / interest income after provisions
61.02
55.14
NON MARK-UP/INTEREST INCOME
Fee, commission and brokerage income
Dividend income
Other income
Total non mark-up / interest income
NON MARK-UP/INTEREST EXPENSES
Administrative expenses
provisions / write offs / (reversals)
Provisions against other assets
Other charges
Total non mark-up / interest expenses
Extra ordinary / unusual items
PROFIT BEFORE TAXATION
Taxation - Current
- Prior years
- Deferred
TOTAL TAX
PROFIT AFTER TAXATION
Basic earnings per share

6.56
60.56

7
1
2.78
14.81
14.81

7
1
1.50
11.15
11.15

8
1
1.37
11.75
11.75

19.15
0
#REF!
2.04
21.25
54.65
18.45

19.83
0.28
#REF!
1.34
21.44
0
45.23
14.97
-4.33
4.24
14.88
30.35
0.87

22.48
0.16
#REF!
1.81
24.45
48.35
14.69
0
2.84
17.58
30.77
2.077

0.04
16.39
38.26
0.35

Horizontal Analysis
Balance Sheet
As at December
31, 2006, 2007, 2008
2006
2007
Rupees in '000Rupees in '000
ASSETS
Cash and balances with treasury banks
Balances with other banks
Lendings to financial institutions
Investments
Advances
Operating fixed assets
Deferred tax assets
Other assets
TOTAL ASSETS
LIABILITIES
Bills payable
Borrowings
Deposits and other accounts

100.00
100.00

2008
Rupees in '000

100.00
100.00
100.00
100.00
100.00

97.84
147.99
172.65
96.61
104.49
116.29
114.92

114.57
37.78
219.78
97.11
121.60
139.93
128.12

100.00
100.00
100.00

77.72
197.06
111.34

97.29
113.33
130.64

Sub-ordinated loans
Liabilities against assets subject to finance lease
Deferred tax liabilities - net
Other liabilities
TOTAL LIABILITIES
NET ASSETS
REPRESENTED BY
Share capital
Reserves
Unappropriated profit
Surplus on revaluation of assets - net
TOTAL EQUITY

100.00
100.00
100.00
100.00
100.00

#DIV/0!
727.18
74
114.09
120.26

1168.93
75
126.83
136.36

100.00
100.00
100.00
100.00
100.00
100.00

110.00
104.39
161.05
116.63
152.93
120.26

121.00
211.99
131.60
131.60
179.19
136.36

Profit and Loss Account

For the year ended
December 31, 2006, 2007, 2008
2006
2007
Rupees in '000Rupees in '000
Mark-up / return / interest earned
100.00
128.90
Mark-up / return / interest expensed
100.00
137
Net mark-up / interest income
100.00
126
Provision against non-performing loans and advances100.00
434.16
Reversal of provision for diminution in the value of investments
100.00
55.30
Write off under Govt. relief packages
100.00
Provision against off balance sheet obligaions bad debts
100.00
written off directly
100.00
182.19
Net mark-up / interest income after provisions
100.00
116.48
NON MARK-UP/INTEREST INCOME
Fee, commission and brokerage income
100.00
116.73
Dividend income
100.00
75.81
Other income
100.00
69.41
Total non mark-up / interest income
100.00
97.05
100.00
112.68
NON MARK-UP/INTEREST EXPENSES
Administrative expenses
100.00
133.44
provisions / write offs / (reversals)
100.00
617.35
Provisions against other assets
100.00
#REF!
Other charges
100.00
84.58
Total non mark-up / interest expenses
100.00
130.06
Extra ordinary / unusual items
0
PROFIT BEFORE TAXATION
100.00
106.68
Taxation - Current
100.00
104.58
- Prior years
100.00
0
- Deferred
100.00
13398.73

2008
Rupees in '000
136.90
155.50
129.33
232.23
89.50
135.88
139.38
99.82
67.35
109
130.56
160.71
381.50
#REF!
121.13
157.51
121.12
109.02
0
9510.70

TOTAL TAX
PROFIT AFTER TAXATION

100.00
100.00

117.07
102.23

146.83
110.11