39
Profit and Loss Account
For the year ended December 31, 2008
Note
2007
2008US Dollars in '000
640,120 771,428 Mark-up / return / interest earned23 60,942,798 50,569,481214,431 302,339 Mark-up / return / interest expensed 24 23,884,768 16,940,011425,689 469,089 Net mark-up / interest income 37,058,030 33,629,47059,786 134,096 Provision against non-performing advances10.3 10,593,565 4,723,084Provision for / (reversal of) diminution(509) 4,725 in the value of investments9.11 373,249 (40,248)- 51 Provision against off balance sheet obligations18.1 4,000 -505 - Bad debts written off directly - 39,89959,782 138,872 10,970,814 4,722,735365,907 330,217 Net mark-up / interest income after provisions 26,087,216 28,906,735
NON MARK-UP / INTEREST INCOME
85,844 100,321 Fee, commission and brokerage income 7,925,370 6,781,68341,307 36,442 Dividend income 2,878,932 3,263,24613,200 50,241 Income from dealing in foreign currencies 3,969,057 1,042,82729,642 5,005 Gain on sale and redemption of securities - net25 395,427 2,341,690Unrealized gain / (loss) on revaluation of (405) 22 investments classified as Held-for-trading 9.12 1,707 (31,964)1,865 15,764 Other income26 1,245,369 147,363171,453 207,795 Total non mark-up / interest income 16,415,862 13,544,845537,360 538,012 42,503,078 42,451,580
NON MARK-UP / INTEREST EXPENSES
179,822 230,015 Administrative expenses 27 18,171,198 14,205,9112,127 9,462 Other provisions / write offs 747,521 168,027217 7,384 Other charges28 583,361 17,141182,166 246,861 Total non mark-up / interest expenses 19,502,080 14,391,079355,194 291,151 23,000,998 28,060,501- - Extra ordinary / unusual items - -355,194 291,151
PROFIT BEFORE TAXATION
23,000,998 28,060,501105,209 148,894 Taxation - Current 11,762,650 8,311,5004,956 - - Prior years - 391,4974,098 (53,421) - Deferred (4,220,242) 323,731114,263 95,473 29 7,542,408 9,026,728240,931 195,678
PROFIT AFTER TAXATION[see note (i) & 20.2]
15,458,590 19,033,773406,009 573,977 Unappropriated profit brought forward 45,344,188 32,074,677Transfer from surplus on revaluation of fixed assets494 1,651 on account of incremental depreciation20.3 130,456 39,007647,434 771,306 Profit available for appropriation
[see note 10.4.1 & 20.2]
60,933,234 51,147,457
2008
2007
Rupees in '000Chairman & PresidentDirectorDirectorDirector
(i) The profit for the year does not include impairment loss (net of tax) of Rs. 1,782 million in respect of listed equitysecurities / mutual funds held under 'Available-for-sale' category of investments in accordance with the treatment allowedunder BSD Circular No. 4 dated February 13, 2009 of the SBP. The said impairment loss has been determined on thebasis of valuation of such listed equity securities / mutual funds using the market prices quoted on the stock exchange/ net assets values as of December 31, 2008 and has been taken to 'Surplus on revaluation of assets' (net of tax) accountas shown in the balance sheet. Had the impairment loss been fully charged to profit and loss account, profit after taxfor the year would have been lower by Rs. 1,782 million and earnings per share would have been lower by Rs. 1.99 (Seenote 20.2).(ii) The annexed notes 1 to 44 and Annexure I, II and III form an integral part of these financial statements.
--------- US Dollars --------------------- Rupees ------------
0.27 0.22 Basic earnings per share 30 17.23 21.220.27 0.22 Diluted earnings per share 31 17.23 21.22
Leave a Comment
these are just financial statements of the bank, i preapred my internship report on NBP and i hve approved it from university.. actually i have copy of it... it was a very large file so i was not able to upload that document
what is this?where is ur work?