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Financial Statement of a Bank (Together With Notes)

Financial Statement of a Bank (Together With Notes)

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Published by MA Economics
Helpful for the students of ICAP, ICMAP and PIPFA.
Helpful for the students of ICAP, ICMAP and PIPFA.

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Published by: MA Economics on Jan 24, 2009
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12/05/2013

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QuestionPage 1
Pakistan Bank LimitedTrial BalanceAs on December 31, 2008DebitCreditRs. in thousand
Cash in hand- local currency338,723- foreign currency146,988Cash with SBP in- local currency current account1,607,761- foreign currency current account93,956- foreign currency deposit account231,818Cash with other central banks in- foreign currency current account151,519- foreign currency deposit account98,633Cash with NBP in- local currency current account115,136National prize bonds1,403Balances with other banks- in Pakistan- on current account25,850- on deposit account338,828- Outside Pakistan- on current account254,419- on deposit account654,098Call money lendings258,979Repurchase agreement lendings986,687Market treasury bills3,886,091Pakistan Investment Bonds994,456Government Bonds8,534Sukook Bonds69,050Investment in fully paid-up ordinary shares in listed companies145,586Investment in fully paid-up ordinary shares in unlisted companies12,982Listed Term Finance Certificates129,166Unlisted Term Finance Certificates197,543Investment in subsidiary companies13,200Investment in associated companies258,646Deficit on revaluation of investments65,034Loans, cash credits, running finance, etc.13,160,705Net investment in finance lease1,428,982Bills discounted and purchased (excluding treasury bills)633,891Provision for non-performing advances223,646Operating fixed assets1,050,299Other assets563,305Bills payable309,113Borrowings839,413Deposits and other accounts- customers- fixed deposits8,885,122- savings deposits7,889,348
 
QuestionPage 2- current accounts non-remunerative5,823,401- others361,694- financial institutions- remunerative deposits989,243- non-remunerative deposits2,131Sub-ordinated loans322,211Deferred tax liabilities192,134Other liabilities730,550Share capital (10 million shares of Rs. 50 each)500,000Reserves235,122Unappropriated profit138,684Surplus on revaluation of assets169,541Markup/return/interest earned2,119,147Markup/return/interest expensed1,523,289Provision against non-performing loans and advances69,769Bad debts written off154Non markup/interest income322,464Non markup/interest expenses591,805Taxation80,3254,57830,122,57630,122,576
Additional information:
(c) Dividend declared @ 10% not accounted in the books yet.
Required:
(a) Balance Sheet as on December 31, 2008;(b) Profit and Loss Account for the year ended on Dec 31, 08(e) Notes to the Financial Statements.Exchange differences on translation of net investmentIn foreign branches(a) Exchange differences on translation of net investments inforeign branches is to be transferred to Reserves(b) 20% of profit after taxation is to be transferred to StatutoryReserves.(d) An additional transfer of 5% is to be made after providingFor dividend.(e) Surplus on revaluation of fixed assets is to be transferred toUnappropriated Profit Rs. 2,607.(c) Earnings Per Share for the year ended on December 31, 2008.(Assume weighted average number of ordinary shares duringthe year at 10 million)(d) Statement of Changes in Equity, for the year ended onDecember 31, 2008.
 
BSPage 3
Pakistan Bank LimitedBalance SheetAs on December 31, 2008NotesRs.(in thousand)
ASSETSCash and balances with treasury banks62,785,937Balances with other banks71,273,195Lendings to financial institutions81,245,666Investments95,650,220Advances1014,999,932Operating fixed assets1,050,299Deferred tax assets-Other assets563,30527,568,554LIABILITIESBills payable309,113Borrowings839,413Deposits and other accounts1623,950,939Sub-ordinated loans322,211Deferred tax liabilities192,134Other liabilities19780,55026,394,360NET ASSETS1,174,194REPRESENTED BYShare capital500,000Reserves283,767Unappropriated profit223,4931,007,260Surplus on revaluation of assets166,9341,174,194

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