Professional Documents
Culture Documents
Submitted to
Submitted by
ATIA KHALID
BBFE-17-32
BBA(IBF)
4TH Semester
Evening
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Institute of banking and finance
Financial statements
Financial Highlights
Six Years’ Horizontal Analysis
6 Years 2017 2016 2015 2014 2013 2012
Assets
Cash and balances with treasury banks 28% 17,334 15,509 11,159 9,041 7,774 5,027
Balances with other banks 40% 1,034 753 584 412 515 1,179
Lendings to financial institutions -4% 3,116 11,334 3,581 11,080 21,586 3,941
Operating fixed assets 15% 7,113 5,837 4,574 3,767 3,628 3,165
Liabilities
Deposits and other accounts 38% 290,078 226,099 141,840 108,740 80,916 62,544
Represented by:
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Institute of banking and finance
Surplus / (deficit) on revaluation of assets - net of tax 0% 490 1,223 2,401 1,376 (205) 181
Mark-up / return / interest earned 30% 20,381 15,081 15,328 11,113 6,850 6,023
Fee, commission and brokerage income 35% 2,124 1,427 1,124 835 652 566
Gain on sale of securities – net 31% 1,236 2,965 1,799 1,514 339 826
Income from dealing in foreign currencies 24% 357 313 288 272 269 205
Total Gross Income 30% 24,434 19,942 18,618 13,704 8,528 7,829
Mark-up / return / interest expensed 33% 14,139 9,353 9,738 7,259 4,525 3,758
Provision/ (reversal) against non-performing loans and advances 0% 203 (64) 675 658 430 458
Non-mark-up / interest expenses 26% 8,347 6,848 4,890 4,017 3,049 2,582
Total Operating Expenses 31% 22,812 16,552 15,444 12,095 8,026 6,850
Profit Before Taxation 20% 1,621 3,390 3,174 1,608 501 980
Profit After Taxation 18% 973 2,077 2,026 1,060 351 709
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Institute of banking and finance
Six Years’ Vertical Analysis
2017 % 2016 % 2015 % 2014 % 2013 % 2012 %
PKR Millions
Assets
Cash and balances with treasury banks 17,334 4% 15,509 6% 11,159 5% 9,041 5% 7,774 7% 5,027 6%
Balances with other banks 1,034 0% 753 0% 584 0% 412 0% 515 0% 1,179 1%
Lendings to financial institutions 3,116 1% 11,334 4% 3,581 2% 11,080 6% 21,586 19% 3,941 5%
Investments – net 169,612 44% 133,727 51% 116,030 53% 84,258 48% 42,679 38% 46,259 57%
Advances – net 184,140 47% 93,794 35% 76,666 35% 62,433 35% 33,763 30% 20,055 25%
Total Assets 388,309 100% 264,700 100% 218,476 100% 176,717 100% 112,770 100% 81,570 100%
Liabilities
Borrowings 64,557 17% 10,320 4% 54,638 25% 50,538 29% 20,151 18% 8,222 10%
Deposits and other accounts 290,078 75% 226,099 85% 141,840 65% 108,740 62% 80,916 72% 62,544 77%
Total Liabilities 371,640 96% 248,051 94% 202,508 93% 163,637 93% 103,836 92% 72,603 89%
Represented by:
Share capital 10,725 3% 10,725 4% 10,725 5% 10,725 6% 10,725 10% 10,725 13%
Discount on issue of shares (2,105) -1% (2,105) -1% (2,105) -1% (2,105) -1% (2,105) -2% (2,105) -3%
Accumulated profits / (losses) 4,519 1% 3,973 2% 2,529 1% 1,071 1% 218 0% (65) -0%
Surplus / (deficit) on revaluation of assets - net of tax 490 0% 1,223 0% 2,401 1% 1,376 1% (205) -0% 181 0%
Mark-up / return / interest earned 20,381 83% 15,081 76% 15,328 82% 11,113 81% 6,850 80% 6,023 77%
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Institute of banking and finance
Fee, commission and brokerage income 2,124 9% 1,427 7% 1,124 6% 835 6% 652 8% 566 7%
Gain on sale of securities - net 1,236 5% 2,965 15% 1,799 10% 1,514 11% 339 4% 826 11%
Income from dealing in foreign currencies 357 1% 313 2% 288 2% 272 2% 269 3% 205 3%
Total Gross Income 24,434 100% 19,942 100% 18,618 100% 13,704 100% 8,528 100% 7,829 100%
Mark-up / return / interest expensed 14,139 58% 9,353 47% 9,738 52% 7,259 53% 4,525 53% 3,758 48%
Advances
Non-mark-up / interest expenses 8,347 34% 6,848 34% 4,890 26% 4,017 29% 3,049 36% 2,582 33%
Total Operating Expenses 22,812 93% 16,552 83% 15,444 83% 12,095 88% 8,026 94% 6,850 87%
Profit Before Taxation 1,621 7% 3,390 17% 3,174 17% 1,608 12% 501 6% 980 13%
Profit After Taxation 973 4% 2,077 10% 2,026 11% 1,060 8% 351 4% 709 9%
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Institute of banking and finance
ASSETS
156,984 140,458 Cash and balances with treasury banks 7 17,333,788 15,508,968
LIABILITIES
- - to finance lease - -
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Institute of banking and finance
7,216 10,916 Deferred tax liabilities - net 18 796,803 1,205,362
REPRESENTED BY
Surplus on revaluation of
The annexed notes from 1 to 46 and annexure I and II form an integral part of these unconsolidated financial
statements.
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Institute of banking and finance
53,579 48,690 Net mark-up / interest income after provisions 5,916,106 5,376,310
Taxation
- Current
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Institute of banking and finance
(4,667) (9,336) (515,275) (1,030,882)
The annexed notes from 1 to 46 and annexure I and II form an integral part of these unconsolidated financial statements.
(775) (516) Actuarial loss on defined benefit plan 35.5 (85,542) (56,991)
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Institute of banking and finance
Effect of translation of net investment in
The annexed notes from 1 to 46 and annexure I and II form an integral part of these unconsolidated financial
statements.
Discount on Reserves
Balance as at January 01, 2016 10,724,643 (2,105,401) 1,500,000 918,816 - 2,529,092 13,567,150
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Institute of banking and finance
Profit after taxation - - - - - 2,076,616 2,076,616
directly in equity
Transfers
Balance as at December 31, 2016 10,724,643 (2,105,401) 1,500,000 1,334,139 (17) 3,973,341 15,426,705
of non-banking assets to
Transfers
Balance as at December 31, 2017 10,724,643 (2,105,401) 1,500,000 1,528,769 12,219 4,518,820 16,179,050
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Institute of banking and finance
* This represents reserve created under Section 21(i)(a) of the Banking Companies Ordinance, 1962.
811 555 Charge for defined benefit plan 35.5 89,576 61,317
1,837 (577) Provision / (reversal) against non-performing advances - net 11.4 202,814 (63,687)
1,114 3,759 Provision for diminution in value of investments - net 10.4 123,031 415,027
294 614 Provision for Sindh Workers' Welfare Fund 30 32,411 67,799
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Institute of banking and finance
890,290 (151,888) Net cash flows from / (used in) operating activities 98,303,443 (16,770,865)
981 561 Proceeds from sale of operating fixed assets 108,301 61,956
(871,130) 194,567 Net cash flows (used in) / from investing activities (96,187,771) 21,483,561
(1,630) (1,630) Net cash flows used in financing activities (180,000) (180,000)
146,905 105,856 Cash and cash equivalents at beginning of the year 16,221,150 11,688,471
164,546 146,905 Cash and cash equivalents at end of the year 33 18,169,058 16,221,150
The annexed notes from 1 to 46 and annexure I and II form an integral part of these unconsolidated financial statements.
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Institute of banking and finance
ASSETS
LIABILITIES
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Institute of banking and finance
3,362,575 2,255,657 371,285,962 249,063,197
REPRESENTED BY
The annexed notes from 1 to 48 and annexure I and II form an integral part of these consolidated financial
statements.
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Institute of banking and finance
loans and advances - net
55,443 50,856 Net mark-up / interest income after provisions 6,121,863 5,615,360
Taxation
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Institute of banking and finance
(326) (1,446) - Deferred (36,032) (159,672)
Attributable to:
The annexed notes from 1 to 48 and annexure I and II form an integral part of these consolidated financial
statements.
9,664 22,267 Profit after tax for the year 1,066,886 2,458,634
(775) (516) Actuarial loss on defined benefit plan 37.5 (85,542) (56,991)
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Institute of banking and finance
or loss in subsequent periods
Component of comprehensive
Attributable to:
The annexed notes from 1 to 48 and annexure I and II form an integral part of these consolidated financial
statements.
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Institute of banking and finance
Exchange
Share capital issue of shares shares Statutory * translation (loss) / profit Sub-total interest Total
Balance as at January 01, 2016 10,724,643 (2,105,401) 1,500,000 918,815 - 3,066,149 14,104,206 1,952,266 16,056,472
Gain arised on buy back of shares by subsidiary - - - - - 95,872 95,872 46,880 142,752
Transfers
Balance as at December 31, 2016 10,724,643 (2,105,401) 1,500,000 1,334,138 (17) 4,858,613 16,311,976 1,434,391 17,746,367
Other comprehensive income / (loss) net of tax - - - - 12,236 (55,602) (43,366) - (43,366)
operating fixed assets net of tax (note 7.8.2) - - - - - 7,923 7,923 2,981 10,904
of non-banking assets to
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Institute of banking and finance
Preference dividend paid for the year
Transfers
Balance as at December 31, 2017 10,724,643 (2,105,401) 1,500,000 1,528,768 12,219 5,463,357 17,123,586 1,463,454 18,587,040
* This represents reserve created under Section 21(i)(a) of the Banking Companies Ordinance, 1962.
The annexed notes from 1 to 48 and annexure I and II form an integral part of these consolidated financial statements.
811 555 Charge for defined benefit plan 37.5 89,576 61,317
1,837 (577) Provision / (reversal) against non-performing advances - net 12.4 202,814 (63,687)
768 3,078 Provision for diminution in value of investments - net 11.3 84,797 339,904
343 698 Provision for Sindh Workers' Welfare Fund 32 37,831 77,023
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Institute of banking and finance
378 - Finance cost 41,698 -
890,581 (146,886) Net cash flows from / (used in) operating activities 98,335,225 (16,218,733)
999 607 Proceeds from sale of operating fixed assets 110,327 66,995
(871,290) 194,282 Net cash flows (used in) / from investing activities (96,205,367) 21,452,019
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Institute of banking and finance
Dividend paid on preference shares
(1,756) (6,626) Net cash flows used in financing activities (193,965) (731,678)
147,048 106,278 Cash and cash equivalents at beginning of the year 16,236,482 11,734,891
164,583 147,048 Cash and cash equivalents at end of the year 35 18,184,611 16,236,482
The annexed notes from 1 to 48 and annexure I and II form an integral part of these consolidated financial statements.
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