Question The Premium Bank Limited Trial Balance As on December 31, 2008 Cash and balances with treasury banks

Balances with other banks Lendings to financial institutions Investments Advances Operating fixed assets Other assets Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Deferred tax liabilities Other liabilities Share capital Reserves Unappropriated profit Surplus on revaluation of assets Markup/return/interest earned Markup/return/interest expensed Provision against non-performing loans Bad debts written off Fee, commission and brokerage Dividend income Income from dealing in foreign currencies Gain on sale of securities Unrealised loss on revaluation of investments Other income Administrative expenses Other charges Taxation - Current - Prior - Deferred Exchange differences on translation of net investments in foreign branches Rs. 6,964,840 3,182,988 3,114,163 14,125,552 37,499,831 2,625,748 1,408,263 Rs.

772,784 2,098,532 59,877,348 805,526 480,335 1,826,374 1,250,000 587,804 346,711 423,853 5,297,868 3,808,221 174,423 384 451,250 9,348 96,749 45,188 6,900 210,525 1,468,686 10,827 119,057 25,219 106,975 74,616,858 11,444 74,616,858

Additional information: (a) During the year 25,000 ordinary shares of Rs. 10 each were issued as right shares. Appropriations were made from Reserves. (b) During the year 25,000 ordinary shares of Rs. 10 each were issued as bonus shares. Appropriations were made from Reserves. (c) 20% of the profit after taxation is to be transferred to Statutory Reserves (d) Exchange differences in translation of net investments in foreign branches amounted to Rs. 11,444, which is to be transferred to Reserves. (e) Surplus on revaluation of fixed assets (net of tax) of Rs. 6,524 is to be transferred to Unappropriated Profit.

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Question Required: (1) Balance sheet, as on December 31, 2008 (2) Profit and loss account, for the year ended on December 31, 2008 (including EPS, assume weighted average number of ordinary shares to be 114,033). (3) Statement of changes in equity, for the year ended on December 31, 2008.

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BS The Premium Bank Limited Balance Sheet As on December 31, 2008 Rs. 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 LIABILITIES Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Deferred tax liabilities Other liabilities NET ASSETS REPRESENTED BY Share capital Reserves Unappropriated profit Surplus on revaluation of assets 6,964,840 3,182,988 3,114,163 14,125,552 37,499,831 2,625,748 1,408,263 68,921,385 772,784 2,098,532 59,877,348 805,526 480,335 1,826,374 65,860,899 3,060,486

1,250,000 687,383 705,774 2,643,157 417,329 3,060,486

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PL The Premium Bank Limited Statement of Changes in Equity For the year ended on December 31, 2008 Markup/Return/Interest earned Markup/Return/Interest expensed Net Markup/interest Provision against non-performing loans Provision against diminution in the value of investments Bad debts written off Net Markup/interest after provision NON MARKUP/INTEREST INCOME Fee, commission and brokerage Dividend income Income from dealing foreign currencies Gain on sale of securities Unrealised loss on revaluation of investments Other income Rs. 5,297,868 3,808,221 1,489,647 174,423 384 174,807 1,314,840 451,250 9,348 96,749 45,188 (6,900) 210,525 806,160 2,121,000 1,468,686 10,827 1,479,513 641,487 119,057 (25,219) 106,975 200,813 440,674 346,711 6,524 793,909 3.86

NON MARKUP/INTEREST EXPENSE Administrative expenses Other charges PROFIT BEFORE TAXATION Taxation - Current - Prior - Deferred PROFIT AFTER TAXATION Unappropriated profit brought forward Transferred from surplus on revaluation of fixed assets Profit available for appropriation Earnings per share (Rs. per share)

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SOCE The Premium Bank Limited Statement of Changes in Equity For the year ended on December 31, 2008 Share Capital Balance, as on January 1, 2008 Issue of right shares Issue of bonus shares Exchange differences in translation of net investments in foreign branches Profit after taxation Surplus on revaluation of fixed assets Transfer to statutory reserve Balance, as on December 31, 2008 Reserves
Unappropriated Profit

Total

Rupees 750,000 1,087,804 346,711 2,184,515 250,000 (250,000) 250,000 (250,000) 11,444 11,444 440,674 440,674 6,524 6,524 (88,135) 705,774 2,643,157

1,250,000

88,135 687,383

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