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Financial Statement Analysis of Financial Sector

2011

FINANCIAL STATEMENT ANALYSIS OF
FINANCIAL SECTOR
2007-2011

CY06

CY07

Bil ion Rs.

Growth

Share Capital (SC)

9.5

Reserves (RS)

5.4

12 26.30%
15 177.80%

Un Appropriated Profit (RE)

15.6

40.7 160.90%

Others (MISC)

0.8

0.4 -50.00%

Total Shareholders’ Equity (SE)

31.3

68.1 117.60%

Si TATISTICS AND DWH DEPARTMENT
STATE BANK PAKISTAN

Financial Statement Analysis of Financial Sector

2011

Vision and Mission Statements of State Bank of Pakistan

Vision
To transform SBP into a modern and dynamic central bank, highly
professional and efficient, fully equipped to play a meaningful role, on
sustainable basis, in the economic and social development of Pakistan.

Mission
To promote monetary and financial stability and foster a sound and
dynamic financial system, so as to achieve sustained and equitable
economic growth and prosperity in Pakistan.

ii

Financial Statement Analysis of Financial Sector

2011

Team Leader

Shamsul Arifeen

Sr. Joint Director
shamsul.arifeen@sbp.org.pk

Team Members

Shahid Latif

Joint Director
shahid.latif@sbp.org.pk

Muhammad Saeed

Assistant Director
Muhammad.Saeed2@sbp.org.pk

Asif Ali

Assistant Director
Asif.ali4@sbp.org.pk

Sadia Batool

Assistant Director
Sadia.Batool@sbp.org.pk

Financial Statement Analysis of Financial Sector

2011

CONTENTS

Preface ..........................................................................................................................................................................v
Executive Summary………………............................................................................................................................ vi
Introduction ................................................................................................................................................................ 1
1.1 Methodology ............................................................................................................................................. 2
1.2 Concepts and Definitions ......................................................................................................................... 3
1.3 Performance Indicators .......................................................................................................................... 14
Review and Financial Analysis
Banks ..................................................................................................................................................................... 24
Development Finance Institutions (DFIs) ...................................................................................................... 71
Leasing Companies ............................................................................................................................................ 82
Investment Banks ............................................................................................................................................... 95
Mutual Funds (Close Ended) .......................................................................................................................... 105
Modaraba Companies ...................................................................................................................................... 123
Exchange Companies ....................................................................................................................................... 152
Insurance Companies ...................................................................................................................................... 179
Housing Finance ............................................................................................................................................... 236
Venture Capital ................................................................................................................................................ 240

Appendix .................................................................................................................................................................. 247
Explanatory Notes .................................................................................................................................................. 251

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Financial Statement Analysis of Financial Sector

2011

Preface
The financial sector, one of the most important components of the country‟s economy having a share of around
5% in the Gross Domestic Product essentially requires a sound, stable and robust financial system for economic
well being of the country and its populace.
Pakistan‟s financial sector represents a well-developed integration of institutions of a diversified nature
including Banks, DFIs, Investment Banks, Leasing Companies, Modaraba Companies, Housing Finance,
Mutual Funds, Insurance Companies, Exchange Companies and Venture Capital. Disclosure and
transparency in information on business activities of financial institutions are therefore of immense
importance to all stakeholders.
An overview of business and financial conditions of financial institutions is presented in a structured
manner in form of financial statements. For large financial institutions, the financial statements are often
complex and are prepared under international accounting standards. These statements usually include an
extensive set of notes to the financial statements. The notes typically describe each item on the balance
sheet, income statement and cash flow statement in further detail.
The stakeholders and users, on the other hand, require financial indicators that can provide information on
how well the company is performing and what may happen in future. In order to meet the growing needs
of the users, Statistics & Data Warehouse Department carries out analysis of the financial statements of all
financial institutions on annual basis. Every endeavour is made to select useful and accurate data from
financial statements and compute ratios that can provide valuable clues about the financial health of these
institutions. The analysis is published in form of this publication namely “Financial Statements Analysis of
Financial Sector”. The publication covers analysis of financial statements of financial institutions for the period
2007-11.
It is hoped that the publication will provide a tool to researchers, policy makers and investors to understand the
activities and performance of financial sector in Pakistan. Comments on the analysis and suggestions for further
improvements of the publication are very welcome.

(Dr Azizullah Khattak)
Director
Statistics & DWH Department

v

Modarabas.1 percent in CY11 over the previous year.5 billion in FY10 to Rs 26. 24. DFIs reflected an increase in their balance sheet size during 2011. The sector showed profits before and after taxation of Rs. Investment Banks.2 percent respectively in FY11. 8. Leasing Companies.Financial Statement Analysis of Financial Sector 2011 Executive Summary Financial statements analysis of 182 companies from 10 sectors namely Banks. Analysis revealed that their balance sheet size squeezed by 7. DFIs. from Rs 37.4 percent. Exchange Companies. 3. showing an increase of 15.0 billion for FY10. Net income was Rs. 0.2 percent during the year. Losses before and after tax have been Rs.2 million & Rs.176. whereas profit after tax decreased by 64.7 billion respectively in FY11.0 percent during FY11.3 billion in FY11 showing an increase of 7.3 percent. Housing Finance and Venture Capital are included in this publication for the period 2007-11.4 percent over the last year. vi . 0.8 billion in FY11.2 trillion in CY10 to Rs.5 billion in FY11. Total equity registered a growth of 6.3 trillion in CY11.3 billion in FY11 as compared to Rs. Asset base decreased by 9. Outlook of leasing sector in the country has not been encouraging during fiscal year (FY)11.6 billion and Rs. Profit before tax increased by 49. Gross revenue also witnessed a decrease of 17. Total equity witnessed an increase of 7. The profit before tax decreased by 29.1 percent in FY11 over FY10. Profit before and after tax. The balance sheet size of the banking sector expanded in calender year (CY)11 and total assets of the sector grew from Rs. 7. Total assets decreased from Rs 31.2 percent in FY11 over FY10. significantly increased by 74.64.2 billion in FY10 to Rs 25.1 billion in FY10 to Rs 33. 4.5 percent over the period. Insurance Companies. Balance sheet size of mutual funds contracted by 17. Total assets increased from Rs.7 million respectively during FY11.6 percent in FY11 over FY10. Modaraba companies performed well during FY11.6 percent over FY10. The aggregate share capital remained the same.5 percent & 67. The performance of investment banks has deteriorated over the year. Mutual Funds.

9 percent respectively was recorded in CY11 over CY10. The aggregate insurance business grew sharply during CY11.. i. CY11 turned out to be positive for insurance sector in Pakistan. Total assets base stood at 5.2 billion in CY10.6 percent and reached Rs 501.1 billion in FY11. In the housing finance sector. 19. Decrease in profit before and after taxation of 31.2 billion in FY10.1 billion in FY11. Total equity contracted by around 59 percent during FY11.169.Financial Statement Analysis of Financial Sector 2011 Exchange companies exhibited an expansion in their balance sheet size during the period under review.7 percent to stand at Rs 19. Its balance sheet size expanded by 12.0 percent and 39. Total assets witnessed an increase of 1. Venture capital reflected contraction in balance sheet size during the period under review. Total assets increased by 5. Venture Capital showed losses before and after taxation of about Rs 1.8 billion in CY11.6 billion in FY11 as compared to Rs. vii . there have been two companies available.6 billion during CY11 as compared to Rs 7. Asian Housing Finance Limited and House Building Finance Corporation (HBFC).0 billion. Profit before and after taxation increased considerably during CY11. House Building Finance Corporation (HBFC) showed a profit before taxation of Rs.7 percent to stand at around Rs 7.e.

As the performance of financial sector reflects the financial health of an economy. standard analytical tools are used to gauge the performance of this vital sector. The level of consolidation for banks is as follows:  All Banks (overall)  Local Banks  Public Sector Banks  Private Sector Banks  Specialized Banks  Foreign Banks Similarly. an associated set of financial ratios has also been selected for each sector. Similarly. therefore. For banks. dividend earning per share and breakup value per share are not taken into consideration because foreign banks do not have such type of information.Financial Statement Analysis of Financial Sector 2011 Introduction Statistics and Data Warehouse Department strives hard to disseminate quality statistics. The level of consolidation is as follows:  Insurance Companies (overall) 1 Since each sector has peculiar business activities. The information and ratios relating to number of ordinary shares. The analysis1 includes the following sectors2:       Banks DFIs Investment Banks Leasing Companies Modaraba Companies Insurance Companies     Exchange Companies Mutual Funds (close ended) Housing Finance Venture Capital  Consolidation is provided at the beginning of each sector‟s analysis. 1 . It not only produces primary data but also provides secondary data with analysis to the various stakeholders including researchers and policy makers. for analysis separate set of variables was taken into consideration. overall consolidation of all banks including foreign banks is given. 2 Sector-wise list of analyzed financial institutions is provided in “appendix” at the end of the text. At first level. consolidation is at different levels. consolidated analysis of insurance companies is also provided to reflect financial health of Insurance Sector.

For foreign banks. intangible assets etc. 2 . Ratios are calculated from the following financial statements and relevant notes to accounts. Since the financial sector comprises variety of financial institutions having peculiar business activities. variables used for analysis would be different for each sector. the ordinary share capital is replaced by head office capital account.Financial Statement Analysis of Financial Sector  Life Insurance  Non-Life Insurance  Takaful 2011 1.  Balance Sheet  Profit and Loss Account  Statement of Changes in Equity  Cash Flow Statement Total equity is computed as the sum of ordinary share capital plus reserve & surplus plus unappropriated profit/loss while the revaluation. Ratios are taken as guide lines for these are useful in evaluating a company‟s financial position and operation and making comparison with results in previous years or with others in the same industry. The primary objective of ratio analysis is to point out areas requiring further investigation. therefore. are clubbed together in „others‟ of total equity section.1 Methodology Methodology used for analysis is ratio analysis because it is a powerful tool to analyze financial statements of any company. Ratio analysis measures inter-relationship between various items of the financial statements.

     Cash and Balances with Treasury Banks Balances with Other Banks Lending to Financial Institutions Investment Gross Advances      Advances –Non-Performing/Classified Provision Against Advances Advances Net of Provision Fixed Assets Others Profit and Loss Account The following items are included for analysis.Financial Statement Analysis of Financial Sector 2011 1.2 Concepts and Definitions Banks and Development Finance Institutions (DFIs) Following variables are used for analysis of banks & DFIs: Shareholders’ Equity The sum of following items except “others” is considered for analysis:  Ordinary Share Capital or Head Office Account (in case of foreign bank)  Reserves  Un-appropriated Profit/Loss  Others Liabilities Bills Payables. The relevant figures are obtained from profit and loss accounts and notes to financial statements. the remaining heads of liabilities are pooled under „others‟:  Bills Payables  Borrowing from Financial Institutions  Deposits and Other Accounts  Others Assets The following items are included in the analysis. The relevant information is taken from balance sheet as well as respective notes to accounts.  Interest Earned  Interest Expensed   3 Non-Interest Income Non-Interest Expense . borrowings and deposits being the major items contributing towards liabilities of banks and DFIs are taken for analysis.

these two items are taken separately while the remaining items of liabilities are pooled under „others‟ 4 . reserves and un-appropriated profit/loss.  Stock Dividend/Bonus Shares The number of bonus shares declared is also taken as percentage amount distributed during the period. Liabilities Borrowings from financial institutions and deposits with financial institutions are the major items contributing towards liabilities of leasing companies.Financial Statement Analysis of Financial Sector 2011  Net Interest Income  Administrative Expenses  Provision and Write-offs  Net Interest Income after Provision   Profit/Loss before Tax Profit/Loss after Tax Other Items  No.  Cash Generated from Operating Activities The amount is taken from cash flow statement  Commitment and Contingencies This is an off balance sheet item. Leasing Companies Following variables are involved in the analysis of leasing companies: Shareholders’ Equity Shareholders‟ equity includes share capital. of Ordinary Shares Outstanding shares at end of the period as shown in balance sheet.  Cash Dividend The amount of cash dividend is taken as the percentage declared during the period. The detail is given in notes to accounts and the sum of all kinds of commitments and contingencies is taken for analysis. Any other item(s) mentioned in the balance sheet under shareholders‟ equity is pooled under the head „others‟. For analysis.

Major items of non-current assets are mentioned below where remaining items of non-current assets are pooled under “others” Non-Current Assets  Term Deposit Certificates  Net Finance-Investment  Advances – Net  Fixed Assets  Others Current Assets Three main items are taken for analysis while the rest are pooled under „others‟  Cash and Balances with Central Bank  Balances with Other Banks  Placement with Other Banks  Others Profit and Loss Account The amounts reported under the following heads are extracted from profit and loss accounts along with relevant notes to accounts:  Income from Operating Lease  Administrative Expenses  Income from Investment  Profit/Loss before Tax  Income from Finances  Profit/Loss after Tax  Other Income Other Items  No. of Ordinary Shares The number of shares outstanding as on balance sheet date  Cash Dividend The amount of cash dividend is taken as percentage of the dividend declared during the period.Financial Statement Analysis of Financial Sector 2011 Assets Assets are classified into current and non-current. 5 .

Financial Statement Analysis of Financial Sector  2011 Stock Dividend The number of bonus shares declared is also taken as percentage amount during the period. Investment Banks Following variables are used in the analysis of investment banks: Shareholders’ Equity The composition and explanation of shareholders‟ equity is same as explained earlier. fixed assets. long term investment. Assets Current assets are classified into „cash and bank balances‟ and „others‟ while non-current assets are divided into three heads i. Liabilities The amount of current and non-current liabilities is taken from the balance sheet and the sum of these two is the same as total liabilities of the company. Current Assets Non-Current Assets  Cash and Banks Balances  Long Term Investment  Others  Fixed Assets  Others Profit and Loss Account The following items are taken for analysis.  Gross Revenues  Administrative and Operating Expenses  Operating Profit  Profit/Loss before Tax  Profit/Loss after Tax 6 .. The relevant figures are taken from profit and loss account and notes to financial statements. and others.e.  Cash Generated from Operating Activities The amount is taken from the cash flow statement.

Financial Statement Analysis of Financial Sector 2011 Other Items These include:  No. the composition of liabilities is divided into two heads as follows:  Payable to Investment Adviser  Others Assets The asset base of mutual fund is also not broad. Liabilities As the financial activities of mutual funds are limited. Commission /Fee Administrative and General Expenses Other Expenses . for analysis it is limited to three items.  Interest Income  Dividend Income    Net Gain on Sale of Investment  Net Unrealized Gain  Income from Future Transactions  Capital Gain     7 Other Income Remuneration to Management Co-advisor Remuneration to Trustees/Custodian Brokerage. therefore. The relevant figures are obtained from profit and loss account and notes to financial statements. These are available in the company‟s balance sheet and notes to financial statements. of Ordinary Shares  Cash Dividend  Stock Dividend  Cash Generated from Operating Activities Mutual Funds (Close Ended) The analysis includes the following variables: Shareholders’ Equity The composition and explanation of shareholders‟ equity is same as explained earlier.  Cash and Banks Balances  Investment  Others Profit and Loss Account The following items are taken into consideration for analysis.

 Certificates Capital  Reserves  Un-appropriated Profit/Loss  Others Liabilities These include current and non-current liabilities taken from the balance sheet. of Ordinary Shares  Cash Dividend  Stock Dividend  Cash Generated from Operating Activities Modaraba Companies Following variables are included in the analysis of modaraba companies: Certificate Holders Equity Modaraba company issues certificates instead of shares. Any other items under the section of certificate holders equity is pooled under the head of „others‟. „reserves‟. and un-appropriated profit/loss.Financial Statement Analysis of Financial Sector 2011 Other Items The information on the following is extracted from the balance sheet and relevant notes to financial statements:  No. Therefore the amount subscribed through issuing certificates is termed as certificate capital. certificate holders‟ equity is the sum of „certificate capital‟. long term investment and fixed assets are taken individually while the remaining non-current assets are pooled under “others”. Assets The current and non-current assets and their break up are taken from balance sheet. In case of current assets the amount of cash and bank balances is taken separately while the remaining current assets are pooled under “others”. Similarly. Current Assets Non-Current Assets  Cash and Banks Balances  Long Term Investment  Others  Fixed Assets  Others 8 . For analysis.

 Cash Dividend  Stock Dividend  Cash Generated from Operating Activities Exchange Companies Following variables are included for analysis of exchange companies: Shareholders’ Equity  Share Capital  Reserves  Accumulated Profit/Loss  Others Liabilities These include:  Current Liabilities  Non-current Liabilities Assets These include: Current Assets Non-Current Assets  Cash and Banks Balances  Long Term Investment  Others  Fixed Assets  Others 9 . of certificates outstanding as mentioned in balance sheet. The relevant figures are taken from profit and loss account and notes to financial statements.Financial Statement Analysis of Financial Sector 2011 Profit and Loss Account The following items are taken for analysis.  Gross Revenues  Modaraba Company Management Fee  Operating Expenses  Profit/Loss before Tax  Operating Profit  Profit/Loss after Tax Other Items These include:  No.

 Share Capital  Reserves  Un-appropriated profit/Loss  Others Liabilities These include current and non-current liabilities. reserves.Financial Statement Analysis of Financial Sector 2011 Profit and Loss Account The following items are taken from profit and loss account of the company:  Revenues  Admin and General Expenses  Profit/Loss before Tax  Profit/Loss after Tax Other Items The following items are extracted mainly from notes to accounts of the company:  No.  Current liabilities  Noncurrent liabilities 10 . and un-appropriated profit/loss while other items in the shareholders‟ equity section of balance sheet are pooled under “others”. the amounts of lease finance and long-term finance are extracted from “non-current liabilities” section while the remaining items of noncurrent liabilities are pooled under “others”. of Ordinary Shares  Cash Dividend  Stock Dividend  Cash Generated from Operating Activities Housing Finance Following variables are involved in the analysis of housing finance company: Shareholders’ Equity The total shareholders‟ equity is taken as sum of share capital.

and Operating Expenses  Other Expenses  Profit before Tax  Profit after Tax Other Items These include:  No. of Ordinary Shares  Cash Dividend  Stock Dividend  Cash Generated from Operating Activities 11 .Financial Statement Analysis of Financial Sector  Lease Finance  Long Term Finance  Others 2011 Assets The following items of current and non-current assets are taken for analysis: Current Assets Non-Current Assets  Cash and Banks Balances  Investment in Housing Finance  Others  Fixed Assets  Others Profit and Loss account The items included in the analysis are:  Revenue  Admin.

 Share Capital  Reserves  Un Appropriated Profit/Loss  Others Liabilities These include current and non-current liabilities. reserve and un-appropriated profit/loss.  Current Liabilities  Non-Current Liabilities Assets The current and non-current assets include.Financial Statement Analysis of Financial Sector 2011 Venture Capital Following variables are included in the analysis of venture capital: Shareholders’ Equity The shareholders‟ equity is the sum of share capital. Current Assets Non-Current Assets  Cash and Bank Balances  Investment  Investment  Venture Investment  Others  Fixed Assets  Others Profit and Loss Account The following items are included in the analysis. while the remaining items are pooled under „others‟.  Income  Admin. and Operating Expense  Operating Profit  Profit/Loss Before Taxation  Profit/Loss After Taxation 12 .

Financial Statement Analysis of Financial Sector Other Items These include:  No. Amount Due to Other Insurers  Other Liabilities Assets These include:  Cash and Balances with Banks 13  Advances 2011 . of Ordinary Shares  Cash Dividend  Stock Dividend  Cash Generated from Operating Activities Insurance Companies Following variables are involved in the analysis of Insurance Companies: Shareholders’ Equity These include:  Share Capital  Reserves  Un-appropriated Profit/Loss  Others Liabilities These include:  Balance in the Statutory Fund  Outstanding Claims. Premiums Received in Advance.

Financial Statement Analysis of Financial Sector  Deposit with Banks  Investment in Govt.3 Performance Indicators Pakistan‟s financial sector is an integration of institutions of diversified nature including Banks DFIs. 2011  Loan to Employees and Others  Other Assets Securities  Investment in Securities and Properties Profit and Loss Account These include:  Interest/Investment Income  Net Claims  Net Premium  Underwriting Profit  Gross Premium  Profit before Tax  Gross Claims  Profit after Tax Other Items These include:  No. Efficiency/Profitability Ratio Spread Ratio = 14 . Investment Banks. ratios used to analyze these sectors may be different in some cases as different sectors have peculiar business activities but some ratios are common to all sectors. Leasing Companies. of Ordinary Shares  Cash Dividend  Stock Dividend  Cash Generated from Operating Activities 1. Modaraba Companies. Some important ratios and their explanations are given below which may be read in combination with the analysis sheet of each sector separately. Therefore. etc. Insurance Companies.

It is calculated as percentage of net profit after tax to total assets.g. Net Interest Margin Ratio = – *100 This ratio indicates the earning capacity through core banking business by utilizing all assets. commission. It is the ratio between the difference of interest income and interest expense to total assets. This ratio expresses how much income is earned other than mark-up through other functions of the bank by employing total assets. It is also useful for whole financial sector. It is useful for Banks and DFIs. It is also useful for Banks and DFIs. ROE is a direct measure of returns to the shareholders. fee to total assets etc.Financial Statement Analysis of Financial Sector 2011 Spread is the gap between interest rate a bank charges on loans and rate pays on deposits. It is useful for whole financial sector. capital gains. Banks normally borrow from savers and lend to investors. 15 . Return on Assets (ROA) This ratio expresses the capacity of earning profit by a bank on its total assets employed in the business. It is calculated as a percentage of the net profit after tax to total Shareholders‟ equity. Return on Equity (ROE) *100 Total Shareholders‟ Equity (Pakistani Banks) = Share Capital + Reserves + Un-appropriated Profit (Loss) Total Shareholders‟ Equity (Foreign Banks) =H. The amount of total interest earned divided by the total interest paid to depositors as mentioned in the income statement. Non-Interest Income to Total Assets Ratio Ratio on incomes earned other than mark-up e.O Capital Account + Reserves +Unremitted Profit This ratio expresses the return on shareholders‟ equity. This ratio is useful for Banks and DFIs.

It is useful for Banks and DFIs. the less the company is burdened by debt expenses. Administrative Expenses to Non-Interest Income This ratio expresses total administrative expenses to non-interest income. It is useful for Banks and DFIs. The lower the ratio. Non-Interest Expenses to Total Income The ratio expresses the percentage of non-interest expenses to total income which reflects efficiency of management in applying the banks‟ resources. It is useful for whole financial sector. It is useful for Banks and DFIs. It gives percentage of administrative expenses incurred in earning non-interest income. Net Interest Income after Provision to Total Assets This is the ratio between interests earned less provision to total assets. Earnings per Share (EPS) 16 . Its purpose is to evaluate the overhead structure of a financial institution and calculate the administrative expenses as a percentage of profit before tax. It is useful for Banks and DFIs.Financial Statement Analysis of Financial Sector 2011 Interest Ratio This ratio expresses the payment of interest mainly to depositors. Administrative Expenses to Profit before Tax This ratio expresses the relationship between administrative expenses and profit before tax.

DFIs.. This ratio expresses how much portion of total income is being generated through its core business. Return on Revenue (ROR) This is a measure of a company‟s profitability. Operating expense ratio can be used to gauge the general health of the core or other businesses. Return on Capital Employed (ROCE) – ROCE is a ratio that indicates the efficiency and profitability of a company‟s capital investments. This ratio is useful for Leasing Company. Mutual Fund. It is useful for Modaraba and Investment Banks. etc. etc.Financial Statement Analysis of Financial Sector 2011 EPS is the ratio between net profit after tax to number of shares outstanding at the end of the year as shown in balance sheet and its relevant notes to accounts. 17 . Lease Ratio The core function of a leasing company is to earn profit from operating and financial lease. It is useful for leasing company. The amount of capital employed is calculated by subtracting current liabilities from total assets. Insurance. calculated as net income divided by revenue. It is useful for Mutual Fund. Gain Ratio A total gain comprises gain on sales of securities. It is useful for whole financial sector except for Modaraba Companies where certificates are issued for raising capital.e. gain on re-measurement. It is useful for whole financial sector except for banks. gain on disposal of longterm investment. how well the management controls its expenses. mutual fund. Operating Expense Ratio *100 It is a measure of operating efficiency i.

This ratio is useful for leasing companies. It is useful for Modaraba Companies. Claims incurred to Net Premium Ratio *100 18 . The percentage of total fund used to cover expenses associated to Modaraba management fees.Financial Statement Analysis of Financial Sector 2011 Trading Income Ratio The core business of mutual fund is to gain from trading of shares and securities and the higher ratio reflects that funds are being efficiently managed. It is useful for Mutual Fund. Modaraba Management Fees to Operating Profit *100 This shows cost of management as a percentage of operating profit. Both figures are taken from the income statement. Net Investment in Finance Lease to Total Assets This ratio expresses the relationship of net investment in finance lease to total assets. Management Expenses Ratio For mutual funds management expenses ratio is calculated by dividing remuneration to adviser by total expenses. Earning per Certificate The ratio between profits after tax to number of certificates is an important efficiency ratio because it reflects how much amount is earned on each certificate. It is useful for Modaraba Companies.

Higher ratio indicates that the incurrence of claims is more than premium. This is one of the ratios used to measure efficiency of an insurance company. It indicates the portion of total assets used for investment in various venues.Financial Statement Analysis of Financial Sector 2011 This expresses the efficiency of insurance company and is calculated as the claim incurred on net premium. DFIs and insurance companies. This ratio is useful for insurance companies. Investment and Total Assets The ratio between Investment and total assets shows investment activity with reference to its total assets. Investment Income to Net Premium The ratio shows the relationship between investment income and net premium. Total Deposit and other Accounts to Total assets The ratio shows what percentage of total assets comprises total deposits and other accounts. This ratio is useful for banks. Liquidity Ratios Cash and Balances with Banks to Total Assets This ratio expresses the percentage of total assets available in the form of highly liquid assets. Underwriting profit to Net profit The ratio shows the percentage of underwriting profit as of net profit. Underwriting profit is net of underwriting income and expenses of the cost of obtaining new policies. 19 . It is useful for insurance companies.

This ratio shows activity of a banking business as it reflects that advances are being made more/less than deposits. Gross advances to Borrowing and Deposits The ratio expresses the percentage of gross advances to deposits and borrowings. intermediation. i. Current Ratio This ratio shows how many times current assets cover current liabilities and the strength of the company to pay immediate liabilities. Gross Advances to Deposits *100 The ratio expresses the percentage of gross advances to deposits and expresses the utilization of deposits in the core business of a bank. Total Liabilities to Total Assets The ratio shows the proportion of banks assets. This ratio is useful for banks and DFIs. This ratio is useful for banks and DFIs. This ratio is useful for banks and DFIs. which are financed through debt. This ratio is useful for banks and DFIs. This ratio is used for whole financial sector except for banks and DFIs.Financial Statement Analysis of Financial Sector 2011 Advances and Total Assets This ratio expresses the relationship of advances (net) to total assets. It indicates the portion of total assets used to invest in different venues.. Long Term Investment to Total Assets The ratio between long-term investments to total assets shows investment activity with reference to its total assets. 20 .e.

It shows the percentage of NPLs as gross advances made by a bank and evaluates assets quality based on loan portfolio.O Capital Account + Reserves +Unremitted Profit The ratio between NPLs to shareholders‟ equity indicates the exposure of the common shareholders to NPLs. This ratio is useful for banks and DFIs. NPLs Provision to NPLs Ratio The ratio reflects what percentage of provision has been made against NPLs. Total Shareholders‟ Equity (Pakistani Banks) = Share Capital + Reserves + Un-appropriated Profit (Loss) Total Shareholders‟ Equity (Foreign Banks) =H. NPLs write-off to NPLs Provision Ratio This ratio is calculated for banks and DFIs. 21 . Provision against NPLs and Gross Advances The ratio between provisions against classified loans/advances to gross advances reflects the quality of advances of banks and DFIs. This ratio is useful for banks and DFIs.Financial Statement Analysis of Financial Sector 2011 Assets Quality Ratios Non-Performing Loans (NPLs) to Gross Advances This ratio expresses the quality of loan portfolio of a bank. NPLs to Equity Ratio ‟ Where. This ratio is useful for Banks and DFIs.

This ratio is calculated for Modaraba Companies only. Total Shareholders‟ Equity (Pakistani Banks) = Share Capital + Reserves + Un-appropriated Profit (Loss) Total Shareholders‟ Equity (Foreign Banks) =H. Break-Up Value per Share ‟ Break-up Value is net worth per share and is an important criterion to measure financial soundness of a company.O Capital Account + Reserves +Unremitted Profit. Deposits to Equity Ratio The ratio shows the relationship between total deposits in a bank to the total shareholders‟ equity. Capital Ratio (Modaraba Company) ‟ 22 . Contingent Liabilities and Commitment to Shareholders’ Equity *100 ‟ The ratio between contingent liabilities and commitments to shareholders‟ equity expresses exposure of contingent liabilities and commitments by banks. The break-up value is calculated for whole financial sector except in case of foreign banks and Modaraba Companies. The ratio between shareholders‟ equity and total assets expresses the percentage of equity in total assets. Break-up Value per Certificate Break-up value is net worth per certificate and is one of the important criteria to measure the financial soundness of a company.Financial Statement Analysis of Financial Sector 2011 Capital/Leverage Ratios Capital Ratio ‟ Where.

insurance companies. It is calculated for Modaraba Companies only. This ratio is calculated for all sectors except investment banks. This ratio is useful for the whole financial sector. banks. DFIs and mutual funds. Cash flow to Current Liabilities Ratio The ratio reflects cash generation strength of a company to meet current liabilities. 23 . Cash Flow Ratios Cash Flow to Profit after Tax = The ratio expresses proportions of cash being spun off from ongoing operations.Financial Statement Analysis of Financial Sector 2011 The ratio expresses the percentage of equity in total assets.

Financial Statement Analysis of Financial Sector Review and Financial Analysis 2011 .

etc.7 showing percent. The growth in total equity of foreign banks was also positive during CY11 and witnessed an increase of 23 percent over previous year. Total equity of banking sector CY10.46% Deposits Borrowings & Bills payble CY 10 borrowings..3 trillion in CY11.Financial Statement Analysis of Financial Sector 2011 BANKS PERFORMANCE AT A GLANCE The balance sheet size of the banking sector expanded in CY11 and total assets of the sector grew from Rs. Profit before tax increased by 49.e. have approximately 15 percent share of total liabilities. 24 CY 11 . 8.2 trillion in CY10 to Rs.000 4.1 percent in CY11 over the previous year. an The deposits have a share of around 85 percent in total liabilities in CY11.000 8.295 Growth(%) 28% 15% 15% ANALYSIS OF LIABILITIES Share of Deposits in Total Liabilities Total deposits rose to Rs 6.3 trillion in CY11 as compared to Rs 5.490 7.000 0 30% 25% 20% 15% 10% 5% 0% Total SHE Total Liabilities Total Assets CY 10 611 6.189 CY 11 779 7. of 14.486 8. showing an increase of 15. 7.000 2..000 6.96% 84.5 trillion increase in CY10. while the remaining components of liabilities i. 9. Components of Balance Sheet ANALYSIS OF SHAREHOLDERS ’ EQUITY witnessed an increase of Rs.000 1.4 percent.000 5. 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Others 84.000 3. 168 billion or 28 percent in CY11 over Billion Rs.000 7. bills payables.

Financial Statement Analysis of Financial Sector

2011

ANALYSIS OF ASSETS
Total assets of the banking sector

Major Components of Assets

increased from Rs 7.2 trillion in

4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0

registering an increase of 15.4
percent. Investment grew by 42
percent

while

gross

Billion Rs.

CY10 to Rs 8.3 trillion in CY11,

advances

increased by 1 percent in CY11.
Lending to financial institutions

42%

15%
1%

-3%
Cash &
Cash Equl.

Lending

Investmen
t

Advances

decreased by Rs 6.7 billion or 3.1

CY 10

776

215

2,171

3,780

percent in CY11 over CY10. In

CY 11

896

208

3,081

3,817

Growth(%)

15%

-3%

42%

1%

case of Pakistani banks, the amount

45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
-5%
-10%

of lending increased by 6.4 percent
in CY11, however in case of

Analysis of Advances

foreign banks, it declined by 49.7%
in CY11.
trillion in

CY11,

showing an

increase of 1 percent over CY10.
Non-performing

loans

(NPLs)

increased to Rs 573 billion in CY11

Billion Rs.

Banks advances increased to Rs 3.8

4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0

7%

2%

1%

0%

Adv.
Gross

NPL

Provision

Adv. Net

compared to Rs 562 billion in

CY 10

3,780

562

373

3,407

CY10. NPLs to advances ratio

CY 11

3,817

573

399

3,417

1%

2%

7%

0%

increased to 10.5 percent in CY11

Growth(%)

8%
7%
6%
5%
4%
3%
2%
1%
0%

as compared to 9.8 percent in CY10. NPLs to total equity decreased to 73.6 percent in CY11 while it
was 92.1 percent in CY10. Further, NPLs provision to NPLs increased to 69.7 percent in CY11 from
66.3 percent in CY10.

25

Financial Statement Analysis of Financial Sector

2011

PROFITABILITY AND O PERATING EFFICIENCY
[

In terms of profitability of banking

CY 11

CY 10

sector, CY11 witnessed an increase
400.0

before tax to Rs169.7 billion during
CY11 compared to Rs 113.8 billion
in CY10. Profit after tax increased

Billion Rs.

of around 49.1 percent in profit

169.7

200.0

112.7
113.8

71.2

0.0
Profit Before
Taxation

from Rs 71.2 billion in CY10 to Rs

Profit After
Taxation

112.7 billion in CY11, showing an
increase of 58.3 percent.
Looking at the efficiency, the return

CY 10

on assets (ROA) and return on
equity (ROE) both increased during

53.2%
60.0%

percent in CY10 to 14.5 percent in

40.0%

1.0 percent in CY10 to 1.4 percent

Growth

CY11. ROE increased from 11.7
CY11 while ROA increased from

CY 11

45.6%
14.5%
1.4%

11.7%

20.0%

1.0%

0.0%

in CY11. Spread ratio of banking

Spread Ratio

ROE

CY 11
CY 10

ROA

sector increased to 53.2 percent in
CY11 from 45.6 percent in CY10.
On the income side, interest/mark-up income during CY11 was Rs 649.8 billion as compared to Rs
630.6 billion in CY10 witnessing an

Interest Income

increase of Rs 19 billion or 3
over

CY10.

Non-

interest/non-markup income also
increased from Rs

105.5 billion

during CY10 to Rs 111.1 billion
during CY11, depicting an increase
of 5.3 percent over CY10. Interest

income

to

total

85.7%

100.0%

85.4%

80.0%
Billion Rs.

percent

Non-Interest Income

60.0%
40.0%

14.3%

20.0%

14.6%

0.0%
CY 10

income

CY 11

decreased to 85.4 percent in CY11 as compared to 85.7 percent in CY10. Non-interest income
increased from 14.3 percent in CY10 to 14.6 percent in CY11.

26

Financial Statement Analysis of Financial Sector

All Banks - Overall
Items
A.Total equity (A1 to A3)
1.Share capital/head office capital account
2.Reserves
3.Un appropriated profit
4.Others

B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities

C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5 - C7)
9.Fixed assets
10.Other/misc. assets

2011

(Thousand Rupees)
2010
2011

2007

2008

2009

435,990,804
231,530,188
118,940,698
85,519,918
108,613,011
4,626,769,389
82,075,093
452,050,150
3,854,364,311
238,279,835
5,171,373,204
469,267,797
147,510,726
190,577,446
1,275,225,750
2,842,331,732
204,625,366
159,434,804
2,682,896,928
168,544,767
237,349,790

505,469,823
277,045,918
148,257,246
80,166,659
62,957,129
5,074,573,572
69,530,488
460,028,229
4,226,432,569
318,582,286
5,643,000,524
477,615,770
184,087,341
188,414,080
1,085,196,330
3,417,406,346
313,020,509
237,965,887
3,179,440,459
191,279,879
336,966,665

582,598,286
322,555,374
163,552,147
96,490,765
84,003,150
5,864,049,257
71,535,885
659,274,039
4,797,876,214
335,363,119
6,530,650,693
537,292,488
195,972,436
238,445,016
1,708,679,933
3,564,239,824
425,320,610
304,669,387
3,259,570,437
192,043,955
398,646,428

610,649,234
348,918,576
180,833,697
80,896,961
88,490,784
6,489,714,495
75,421,757
550,000,562
5,513,826,158
350,466,018
7,188,854,513
595,747,312
180,579,242
214,680,843
2,171,288,430
3,779,635,789
562,428,103
372,648,121
3,406,987,668
203,638,519
415,932,499

778,832,788
452,485,661
189,042,759
137,304,368
30,545,204
7,485,707,062
85,260,553
682,357,699
6,322,197,404
395,891,406
8,295,085,054
702,543,356
193,129,000
207,938,045
3,080,510,473
3,816,668,337
572,907,695
399,438,060
3,417,230,277
217,209,736
476,524,167

383,579,497
183,686,714
199,892,786
61,165,329
141,321,995
92,849,866
125,859,144
123,286,772
107,153,118
77,935,097

482,070,799
246,295,314
235,775,485
104,266,763
130,344,598
103,289,492
166,010,509
160,702,985
63,261,197
43,415,974

593,703,103
326,058,617
276,157,706
113,917,187
162,212,990
106,091,369
190,059,825
182,414,959
69,304,886
48,198,550

630,569,606
337,719,590
287,472,434
78,361,932
212,455,704
105,468,634
207,934,611
201,053,704
113,795,360
71,158,233

649,831,706
404,285,777
345,569,612
60,819,829
297,336,503
111,109,122
229,862,158
227,574,365
169,664,520
112,718,176

418,781,554
3,205,635,962

1,849,272
2,565,591,273

604,337,114
3,078,623,557

502,982,911
3,121,226,583

1,007,041,199
3,728,294,254

D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation

E.Other items
1.Cash generated from operating activities
2.Commitments and contigencies

F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after provisions) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expesne to profit before tax. (D8/D9)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income(D8/D6)(times)

52.11%
3.87%
17.88%
1.51%
1.80%
2.73%
47.89%
1.15
26.42%
1.33

48.91%
4.18%
8.59%
0.77%
1.83%
2.31%
51.09%
2.54
28.36%
1.56

46.51%
4.10%
8.27%
0.74%
1.62%
2.48%
54.92%
2.63
27.16%
1.72

45.59%
4.07%
11.65%
0.99%
1.47%
2.96%
53.56%
1.77
28.25%
1.91

53.18%
2.96%
14.47%
1.36%
1.34%
3.58%
62.21%
1.34
30.21%
2.05

11.93%
24.66%
51.88%
74.53%
89.47%
73.74%
66.00%

11.73%
19.23%
56.34%
74.90%
89.93%
80.86%
72.92%

11.23%
26.16%
49.91%
73.47%
89.79%
74.29%
65.31%

10.80%
30.20%
47.39%
76.70%
90.27%
68.55%
62.33%

10.80%
37.14%
41.20%
76.22%
90.24%
60.37%
54.49%

7.20%
5.61%
46.93%
38.36%
77.92%

9.16%
6.96%
61.93%
43.82%
76.02%

11.93%
8.55%
73.00%
37.39%
71.63%

14.88%
9.86%
92.10%
21.03%
66.26%

15.01%
10.47%
73.56%
15.23%
69.72%

8.43%
7.35
8.84

8.96%
5.08
8.36

8.92%
5.28
8.24

8.49%
5.11
9.03

9.39%
4.79
8.12

5.37

0.04

12.54

7.07

8.93

G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposits C5/(B2+B3)

H.Assets quality ratios
1.Non-performing loans to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)

I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E2/A) (times)
3.Total deposit to total equity (B3/A) (times)

J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)

27

Financial Statement Analysis of Financial Sector

Local Banks - Overall
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others

B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities

C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets

2011

(Thousand Rupees)
2010
2011

2007

2008

2009

416,570,840
214,444,697
118,940,698
83,185,445
108,672,209
4,473,437,078
78,328,193
432,584,922
3,737,263,105
225,260,858
4,998,680,127
445,344,022
142,213,130
174,168,615
1,248,798,605
2,751,665,342
203,448,143
157,223,346
2,594,441,996
166,577,174
227,136,585

470,965,547
244,915,598
148,181,461
77,868,488
63,489,982
4,873,983,320
65,107,084
442,681,300
4,078,494,404
287,700,532
5,408,438,849
442,680,478
165,718,117
158,500,096
1,062,603,406
3,312,965,635
309,884,247
235,446,658
3,077,518,977
187,582,375
313,835,400

546,749,512
287,671,156
163,459,432
95,618,924
84,112,627
5,658,751,947
67,938,226
642,543,459
4,636,939,784
311,330,478
6,289,614,086
502,499,262
179,702,590
206,327,062
1,656,307,323
3,469,125,954
418,929,619
299,881,001
3,169,244,953
188,454,465
387,078,431

575,850,581
314,927,769
180,708,124
80,214,688
88,781,586
6,290,968,977
69,858,475
534,575,425
5,357,495,365
329,039,712
6,955,601,144
562,952,771
176,507,499
178,200,677
2,091,478,733
3,708,140,800
553,335,344
366,781,129
3,341,359,671
201,415,400
403,686,393

736,145,954
413,765,908
188,893,473
133,486,573
30,702,014
7,272,962,102
81,275,225
660,893,348
6,154,326,577
376,466,952
8,039,810,070
664,067,113
188,700,362
189,583,974
2,967,129,069
3,743,452,773
565,307,173
392,634,151
3,350,818,622
215,033,249
464,477,681

368,333,275
175,541,831
192,791,447
58,426,217
136,959,768
87,927,505
119,082,194
117,431,866
104,645,480
76,175,349

463,838,210
237,196,646
226,641,564
99,698,545
125,735,437
97,517,397
155,635,765
150,384,735
63,254,685
42,765,351

571,440,077
313,861,482
266,091,815
109,190,178
156,872,452
100,482,691
178,005,794
170,516,859
70,155,458
49,007,928

610,157,558
332,625,929
277,581,629
75,740,441
205,142,052
100,630,451
198,397,770
191,692,767
111,748,712
70,198,522

625,803,993
392,102,677
333,724,999
59,473,036
286,796,495
106,557,701
220,132,012
217,940,592
164,064,098
109,057,518

21,413,538

24,452,483

28,727,998

31,439,491

41,323,258

D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation

E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies

N/A
N/A
419,615,976
2,692,648,071

N/A
N/A
(30,881,293)
2,165,108,445

N/A
N/A
577,721,142
2,689,531,535

N/A
N/A
490,297,865
2,675,985,776

N/A
N/A
978,817,338
3,271,877,496

52.34%
3.86%
0.18
1.52%
1.76%
2.74%
47.66%
1.12
26.10%
1.34
3.56

48.86%
4.19%
0.09
0.79%
1.80%
2.32%
51.14%
2.38
27.72%
1.54
1.75

46.57%
4.10%
0.09
0.78%
1.60%
2.49%
54.92%
2.43
26.49%
1.70
1.71

45.49%
3.99%
0.12
1.01%
1.45%
2.95%
54.51%
1.72
27.91%
1.90
2.23

53.33%
2.91%
0.15
1.36%
1.33%
3.57%
62.66%
1.33
30.06%
2.05
2.64

11.75%
24.98%
51.90%
74.76%
89.49%
73.63%
65.99%

11.25%
19.65%
56.90%
75.41%
90.12%
81.23%
73.28%

10.85%
26.33%
50.39%
73.72%
89.97%
74.81%
65.71%

10.63%
30.07%
48.04%
77.02%
90.44%
69.21%
62.93%

10.61%
36.91%
41.68%
76.55%
90.46%
60.83%
54.93%

7.39%
7.44%
48.84%
37.16%
77.28%

9.35%
7.11%
65.80%
42.34%
75.98%

12.08%
8.64%
76.62%
36.41%
71.58%

14.92%
9.89%
96.09%
20.65%
66.29%

15.10%
10.49%
76.79%
15.15%
69.46%

8.33%
6.46
19.45
8.97

8.71%
4.60
19.26
8.66

8.69%
4.92
19.03
8.48

8.28%
4.65
18.32
9.30

9.16%
4.44
17.81
8.36

5.51

-0.72

11.79

6.98

8.98

F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)

G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)

4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)

H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)

I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)

J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)

28

Financial Statement Analysis of Financial Sector

Public Sector Banks - Overall
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others

B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities

C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets

2011

(Thousand Rupees)
2010
2011

2007

2008

2009

90,977,453
16,671,332
24,729,769
49,576,352
51,320,469
893,595,159
8,541,822
30,071,917
812,969,640
42,011,780
1,035,893,081
111,258,061
43,513,302
28,017,600
296,355,059
526,923,813
44,053,993
39,203,981
487,719,832
29,537,449
39,491,778

93,237,138
18,544,359
29,033,178
45,659,601
18,749,454
930,323,564
11,663,371
53,675,530
819,683,051
45,301,612
1,042,310,156
119,322,457
44,286,770
20,394,708
204,784,000
629,389,241
102,628,919
68,723,074
560,666,167
28,051,915
64,804,139

107,010,826
21,339,327
31,486,173
54,185,326
24,580,515
1,049,639,678
12,159,963
62,285,275
926,628,132
48,566,308
1,181,231,019
129,608,813
33,955,399
23,263,730
262,331,351
702,632,358
118,528,163
80,452,578
622,179,780
29,890,350
80,001,596

105,265,258
24,030,254
27,923,238
53,311,766
40,149,918
1,185,232,528
8,970,578
35,045,634
1,087,487,521
53,728,795
1,330,647,704
135,642,657
36,122,514
33,849,174
380,720,883
718,055,264
168,813,094
93,825,342
624,229,922
32,465,159
87,617,395

127,855,842
41,414,299
29,278,867
57,162,676
41,347,659
1,397,449,415
10,375,239
74,790,720
1,248,192,841
64,090,615
1,566,652,916
153,973,921
34,009,639
66,120,024
479,516,725
788,464,677
166,430,443
96,999,775
691,464,902
33,839,457
107,728,248

71,174,301
32,896,942
38,277,359
7,287,953
30,989,906
19,795,675
17,563,511
17,311,928
33,235,659
23,856,716

82,390,735
42,609,185
39,781,550
30,489,527
9,292,023
21,028,786
23,756,378
21,993,798
6,564,431
5,642,453

100,164,255
59,860,679
40,303,576
32,491,627
7,811,949
23,742,739
28,073,776
26,787,981
3,480,912
6,672,253

112,480,667
67,660,293
44,820,374
13,736,092
31,729,814
20,153,147
32,695,068
31,644,453
31,592,317
22,372,156

128,941,668
77,559,526
51,382,142
12,227,283
44,341,083
22,950,040
32,233,064
37,303,271
29,411,229
19,884,505

1,667,133

1,854,436

2,133,932

2,403,025

4,141,430

D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation

E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies

N/A
N/A
117,131,331
453,678,543

N/A
N/A
(45,155,885)
294,175,142

N/A
N/A
974,839
290,828,179

N/A
N/A
126,587,260
453,490,628

N/A
N/A
107,145,797
598,692,115

53.78%
3.70%
0.26
2.30%
1.91%
2.99%
46.22%
0.52
19.31%
0.87
14.31

48.28%
3.82%
0.06
0.54%
2.02%
0.89%
51.72%
3.35
22.97%
1.05
3.04

40.24%
3.41%
0.06
0.56%
2.01%
0.66%
59.76%
7.70
22.66%
1.13
3.13

39.85%
3.37%
0.21
1.68%
1.51%
2.38%
60.15%
1.00
24.65%
1.57
9.31

39.85%
3.28%
0.16
1.27%
1.46%
2.83%
60.15%
1.27
21.22%
1.63
4.80

14.94%
28.61%
47.08%
78.48%
86.26%
64.81%
62.50%

15.70%
19.65%
53.79%
78.64%
89.26%
76.78%
72.07%

13.85%
22.21%
52.67%
78.45%
88.86%
75.83%
71.05%

12.91%
28.61%
46.91%
81.73%
89.07%
66.03%
63.97%

12.00%
30.61%
44.14%
79.67%
89.20%
63.17%
59.60%

8.36%
4.49%
48.42%
18.59%
88.99%

16.31%
10.92%
110.07%
44.37%
66.96%

16.87%
11.45%
110.76%
40.39%
67.88%

23.51%
13.07%
160.37%
14.64%
55.58%

21.11%
12.30%
130.17%
12.61%
58.28%

8.78%
4.99
54.57
8.94

8.95%
3.16
50.28
8.79

9.06%
2.72
50.15
8.66

7.91%
4.31
43.81
10.33

8.16%
4.68
30.87
9.76

4.91

-8.00

0.15

5.66

5.39

F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)

G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)

4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)

H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)

I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)

J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)

29

48% 9.272 108.443 106.232 226.77 -26.430 1.95% 5.Markup/interest expense to markup/interest income (D2/D1) 8.650 228.103 212.549 308.34% 57.793 287.82 44.585 21.Liquidity ratios 1.633 3.946 4.19 36.576 809.650 332.15 1.Provisions against NPLs to gross advances (C7/C5) 3.Total liabilities to total assets (B/C) 6.Non-markup/interest income 7. liabilities C.601 523.00% 49.57% 9.657 384.084.62% 86.90% 57.548 763.814.000 488.807) 201.Non-markup/interest expenses 8.308 132.00% 0.100 13.02 0.128.48% 39.00% (930.24 47.Fixed assets 10.228 926.15% 12.32% 84.92% 5.800 283.004 0.00% 0.00% (521.20% 0.33% 47.833 232.Gross advances to deposits (C5/B3) 7.693 89.547 28.128 35.09 1.89% 6.68% 2.19% 0.Net markup/interest income(after prov.991 280.798 190.088 3.365 0.899 533.075 3.116 283.Capital ratio (A/C) 2.57 71.195.00% 45.038 284.23 9.53% 31.22% 11.16 1.Cash dividend 3.719 601.127 523.36 -8.00% 2.130 60.01% 45.40 1.060 451.81% 2.070.74% 38.140 5.858 12.74% 40.141 536.62% 11.23 10.55% 0.399 600.94% 31.274.26% 91.502 50.159.481.336 537.48% 28.Cash generated from opration activities to profit after tax (E4/D10) (times) 30 4.931 1.600 16.028.Borrowings from financial institutions 3.311 600.45% 1.Commitments & contingencies to total equity (E5/A) (times) 3.391 198.993 27.408.652 18.587 82. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.901.Advances net of provision (C5-C7) 9.37 2.694 513.44% 0.140 586.Other/misc.707 76.37% 31.Financial Statement Analysis of Financial Sector FIRST WOMEN BANK LIMITED Items A.79% 52.00% 0.841 610.854 446.328 8.92% 85.303.Cash flow ratio 1.11% 58.000 3.09% 5.47% 100.Total equity (A1 to A3) 1.Advances-non-performing/classified 7.58% 3.417 51.67% 39.21 37.52% 25.610 (32.136.849 2.Provisions and write-offs 5.49% 4.164.01 D.049 9.Markup/interest expensed 3.232 227.929 400.55% 9.76% 39.140 188.Profit/(loss) before taxation 10.554 6.Total deposit to total equity (B3/A) (times) J.365 0.251 6.Spread ratio (D3/D1) 2.32% 0. (D8/D9) (times) 9.25 7.81% 0.543 7.128 7.12% 7.507 148.07 3.45% 4.39 44.971 96.05% 1.41% 57.34% 77.Share capital 2.080.885 10.330 174.249 367.62% 2.972 246.930 (86.101) 1.Provision against NPL to NPLs (C7/C6) I.248 413.783 253.552 10.65% 89.Bills payable 2.254) (80.96% - - - 8.60% 0.Reserves 3.Efficiency ratios/profitability ratios 1.00% 0.Provision against advances 8.182 966.18 40.701.465 297.24% 81.918.Administrative expenses 9.767) 6.Balances with other banks 3.422 157.19% 56.Cash & cash equivalent to total assets (C1+C2)/C 2.087 28.504 11.76% -0.343 373.711 1.540 623.434 7.272 533.721 575.Markup/interest earned 2.84 38.Net markup/interest margin (D1-D2)/C 3.633 207.89% 40.730.Admin.485 339.Break up value per share (A/E1) 4.52% 29.Return on equity (ROE) (D10/A) 4.927 66.23 8.34 0.29% 27.24% 6.Other/misc.650 228.76 37.365 0.67% 33.064 7.879 462.303) 202.679 54. expense to non-markup/interest income (D8/D6) (times) 11.374.332 193.476 179.443 200.74 54.66% 80.Un appropriated profit 4.40 10.135.308 5.761 350.Gross advances 6.31% 27.264.451 742.703.605.129.64% 61.Net markup/interest income 4.517 238.72% 0.29% 35.645.Net markup/interest income after provisions 6.245.14 .535 973.318 283.69% 4.025 4.32 -22.08 -0.468 0 8.048 28.62% 13.46% 9.020 31.Lending to financial institutions 4.Stock dividend/bonus shares 4.57% 4.939.20% 55.Assets quality ratios 1.39 13.887 736.294 1.47 15.Gross advances to borrowing & deposit C5/(B2+B3) H.492 685.160 836.43% 4.247 7.00% 214.51% -5.96% 6.37% 89.108.31% 1.03 5.09% 85.153 473.344 326.176.Non-performing loan to gross advances (C6/C5) 2.Total assets (C1 to C4 + C8 to C10) 1.308.512 3.29% 64.304.Earning per share (D10/E1) G.282 567.659 1.50% 87.323 3.NPLs write off to NPLs provisions (D4/C7) 5.31 8.418 28.Commitments and contigencies F.677 23.346 171.399 74.18 15.16% 34.060 713.349 90.Return on assets (ROA) (D10/C) 5.097.321 21.640 3.93 45.756.Deposits to total assets (B3/C) 5.897.428 1.430.76% 0.792 1.Advances net of provisions to total assets (C8/C) 4.597.16% 4.701 561.423 3.54% 0.221 203.27 8.00% 0.00% 1.985.00% 6.98% 2. expense to profit before tax.854 207.Profit & loss account 1.103 258.540 546.986 400.065 495.535.00% 19.No.139 102.842 105.Profit/(loss) after taxation E.063 229.849 1.555 1.686 174.53% 100.78% 0.Non-markup/interest income to total assets (D6/C) 6.020 896.517 283.694 430.29% 47.512 105.063.Others B.Non-markup/interest expense to total income D7/(D1+D6) 10.60% 1.214 332.76 -2.365 0.200.282 66.759 1.NPLs to shareholders equity (C6/A) 4.73% 3. of ordinary shares 2.475 747.230 74.17% 0.682.Investment to total assets (C4/C) 3.23% 4.04 5.409.Deposits and other accounts 4.Investments 5.) to total assets(D5/C) 7.Capital /leverage ratios 1.582 85.Other items 1.Cash and balances with treasury banks 2.88% 1.Total liabilities(B1 to B4) 1.34% 39.50 27.136 14.808 57.476 408.Cash generated from operating activities 5.Admin.650 233.650 207.65% 3.058.75% 85.258.19 38.688 101.

100 131.794.631 8.668.62 67.126.911 28.585 520.Markup/interest expensed 3.635 8.849.Non-markup/interest expenses 8.608 17.013 42.378 86.09% 0.501 19.975 65.371.744 43.18 22.11% 62.773 60.204 21.881.197 825.249 37.Borrowings from financial institutions 3.33 D.079 14.502.620.970.458.27 2.862 19.765.109.00% 40.637 10.432 0.498 540.75% 3.77% 14.86% 27.655 47.Markup/interest expense to markup/interest income (D2/D1) 8.828.00% 25.539 762.244 66.751 19.269 116.NPLs write off to NPLs provisions (D4/C7) 5.70% 77.738.77% 4.36% 13.Provision against NPL to NPLs (C7/C6) - I.88% 87.415.19% 0.124 45.025 30.Share capital 2.367.722.011 33.Provision against advances 8.480.883 27.033.787.886.174 1.Net markup/interest margin (D1-D2)/C 3.216 16.08 24.84 78.405 95.600 210.941.939 7.Earning per share (D10/E1) G.40% 9.19 16.491 457. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 69.53 17.822.16 1.20% 16.741 48.486 105.Efficiency ratios/profitability ratios 1.514 28.Capital ratio (A/C) 2.464.56 10.087.18 49.95 8.843.503.051.Other items 1.72% 89.103.Cash dividend 3.243.458.593 94.763.23% 3.702 23.50% 4.44% 1.108 10.34% 10.74% 63.128.682.57 84.Net markup/interest income 4.47 13.703 22.594 24.078.526 217.042 88.017.09 25.712.766.000.798 23.953 112.Deposits to total assets (B3/C) 5.397 946.855. (D8/D9) (times) 9.164 412.Cash and balances with treasury banks 2.583 44.820.202 38.Other/misc.169.937.209 28.355 10.26% 68.81% 15.35% 64.66% 44.907.Lending to financial institutions 4.34 60.511.20% 78.815 26.479.21% 1.34% 82.994.344.165 37.40% 10.01% 3.54 9.067.940.103.Non-markup/interest income to total assets (D6/C) 6.467 115.50% 14.735 13.35% 16.155 18.Others B.23% 73.922.926 624.884.109.Total equity (A1 to A3) 1.806.70% 1.505 11.124.037 531.84% 2.Non-markup/interest income 7.07% 4.00% 68.829 0.861.092.Fixed assets 10.059 19.89% 2.37% 62.381 45.42% 87.621.358.569.732. of ordinary shares 2.00% 2.Total deposit to total equity (B3/A) (times) J.73% 51.102 340.213 19.727 319.138 727.816.552 34.Net markup/interest income after provisions 6.19 1.81% 12.05 23.756 38.061.) to total assets(D5/C) 7.30% 4.768 37.906 16.002 17.532.454.828.320.08% 11.059 61.772.132 54.856.472.517 47.198 23.34% 9.32% 13.193.345.173.Total liabilities(B1 to B4) 1.326 106.018.871.Admin.71% 1.150.368 23.Capital /leverage ratios 1.104.01% 46.710 26.029 56.Administrative expenses 9.681.Gross advances to borrowing & deposit C5/(B2+B3) H.788 1.502.Provisions and write-offs 5.683.657.611.216 715.743.438 527.986.25% 92.10% 41.751 26.842 17.171 301.681.Return on equity (ROE) (D10/A) 4.002 8.675 927.058.397 19.50% 1.513.44% 24.969.413.665 13.36% 27.006.35% 78.No.87 9.Gross advances to deposits (C5/B3) 7.77% 1.503 1.299.391.667 896.596.Markup/interest earned 2.Non-markup/interest expense to total income D7/(D1+D6) 10.544.979.Total assets (C1 to C4 + C8 to C10) 1.66% 84.Cash & cash equivalent to total assets (C1+C2)/C 2.919 95.23% 64.41% 13.75% 0.253.23% 76.032 170.206.Gross advances 6.Reserves 3.060.Un appropriated profit 4.Cash generated from operating activities 5.NPLs to shareholders equity (C6/A) 4.016 39.442.116.10% 29.05 7.425 67.870 62.068 475.Liquidity ratios 1.40% 88.105 817.420 26.038.Net markup/interest income(after prov.Advances net of provision (C5-C7) 9.20 2.71 7.324.116.631 19.736.287 17.832 21.70% 80.198.19% 39.50% 74.167 906.Financial Statement Analysis of Financial Sector NATIONAL BANK OF PAKISTAN Items A.691 9.23 4.16 2.87% 76.75% 0.000.18% 3.886.50% 0.254 594.25% 21.588.902 10.023 645.03 8.002 30.689.169 44.37% 23.709.395.063 591.796 40.076.319 15.481 16.687.224 9.498.153.681 241.889.754 74.02% 2.85% 11.23 48.590 78.21 49.59 10.719.998 15.Commitments & contingencies to total equity (E5/A) (times) 3.18 1.906.317.Assets quality ratios 1.034 55.30% 1.11 17.Return on assets (ROA) (D10/C) 5.054 46.019 236.629.873.507 69.70% 45.Cash flow ratio 1. expense to profit before tax.754.129.Deposits and other accounts 4.100 25.28% 50.270.030.68 10.Profit & loss account 1.53% 0.735 28.17 1.968 50.71% 20.758.676.647 88.219.061 40.814 26.815.Investments 5.338.Advances net of provisions to total assets (C8/C) 4.754.818.942.760.50% 76.13% 80.200.030 10.435 36.286 26.93% 1.79 25.79% 69.743 1.95% 2.622.89% 50.78% 3.841.17% 87.608 1.47 89.291 28.439 25.360.34% 70.Spread ratio (D3/D1) 2.448.855.332 23.717 10.62% 1.00% 50.979 30.009.54% 1.Advances-non-performing/classified 7.677.91% 63.Balances with other banks 3.154.611 25.344.55 7.00% 20.09% 5.47% 79.13% 2.415.468 1.Cash generated from opration activities to profit after tax (E4/D10) (times) 31 .Admin.207 832.502.22% 55.804.482 33.Non-performing loan to gross advances (C6/C5) 2.449.Other/misc.Bills payable 2.419 385.868 375.185.340 405.292 25.47% 73.527.Profit/(loss) before taxation 10.629 25.980.460.845 14.597 67.470 4.665 21.171.623 478.353 61.134.090.516.Profit/(loss) after taxation E.897 44.51 22. liabilities C.921.174.98% 0.23% 17.217.14 0.755 27.Provisions against NPLs to gross advances (C7/C5) 3.81% 4.057.696.786.97 90.507 71.41% 0.188 47.19% 0.165 815.10% 78.069.71% 3.080 18.75% 0.Investment to total assets (C4/C) 3.205.23% 50.456.370 75.685.79% 33.045 24.965 81.657.113 23.Break up value per share (A/E1) 4.35% 13.130.45% 1.939.Stock dividend/bonus shares 4.291 37.732.Commitments and contigencies F.865 24.34 5. expense to non-markup/interest income (D8/D6) (times) 11.463 0.Total liabilities to total assets (B/C) 6.697 60.047 52.

Lending to financial institutions 4.98% 54.52% 2.Total assets (C1 to C4 + C8 to C10) 1.815 243.00% 0.000 0.64% 15.Investment to total assets (C4/C) 3.Non-performing loan to gross advances (C6/C5) 2.139.110 42.561 - 1.Total liabilities(B1 to B4) 1.00% 60.Other/misc.000.Spread ratio (D3/D1) 2.183 513.Advances net of provisions to total assets (C8/C) 4.) to total assets(D5/C) 7.08% 2.57% 0.Deposits to total assets (B3/C) 5.462.Break up value per share (A/E1) 4.Stock dividend/bonus shares 4.Financial Statement Analysis of Financial Sector SINDH BANK LTD.Gross advances 6.Assets quality ratios 1.311.Deposits and other accounts 4.Provisions and write-offs 5.Profit/(loss) before taxation 10.472 47.Admin.012.460 - 3.00% 0.280 2.00% 0.963 749.730.00% - 22.Markup/interest expense to markup/interest income (D2/D1) 8.345 1.517.00% 18.054 1.000 149.067.000.Un appropriated profit 4.Provision against advances 8.259.Fixed assets 10.535 7.21% 49.382 1.Commitments & contingencies to total equity (E5/A) (times) 3.89 D.75 - 3. expense to profit before tax.Non-markup/interest expenses 8.Gross advances to deposits (C5/B3) 7.Profit & loss account 1.Others B.87% 19.Non-markup/interest expense to total income D7/(D1+D6) 10.331 25.Markup/interest expensed 3.NPLs to shareholders equity (C6/A) 4.45 13.Non-markup/interest income 7.07 1.749.Balances with other banks 3.Net markup/interest margin (D1-D2)/C 3.740 494.Cash generated from opration activities to profit after tax (E4/D10) (times) 32 .Non-markup/interest income to total assets (D6/C) 6.935 31.773 513.704.431.Reserves 3.Provisions against NPLs to gross advances (C7/C5) 3.Commitments and contigencies F.519 10.Cash generated from operating activities 5.Liquidity ratios 1.241.Administrative expenses 9.31 0.NPLs write off to NPLs provisions (D4/C7) 5.Net markup/interest income 4.Earning per share (D10/E1) G.295 - 39.Efficiency ratios/profitability ratios 1.251 13.51% 0.553 222.Cash flow ratio 1.Return on assets (ROA) (D10/C) 5.Markup/interest earned 2.75 2.647 23.No.Net markup/interest income(after prov.259.Capital ratio (A/C) 2.Investments 5.35 10.Total deposit to total equity (B3/A) (times) J.66% 30.87% - 0.27% 77.Profit/(loss) after taxation E.Net markup/interest income after provisions 6. (D8/D9) (times) 9.Capital /leverage ratios 1. expense to non-markup/interest income (D8/D6) (times) 11.123 1.561 10.912 599. 2011 (Thousand Rupees) 2010 2011 Items A.Advances-non-performing/classified 7.773 1.000.654.330 584.Borrowings from financial institutions 3.655.47% 3.Total equity (A1 to A3) 1.Cash dividend 3.905.649 (86. of ordinary shares 2.Gross advances to borrowing & deposit C5/(B2+B3) H. liabilities C.49% 3.548) 37.Total liabilities to total assets (B/C) 6.07% 0.Advances net of provision (C5-C7) 9.Admin.410 26.081.Cash & cash equivalent to total assets (C1+C2)/C 2.Bills payable 2. assets - 10.Other/misc.19 - 24.Provision against NPL to NPLs (C7/C6) - I.Share capital 2.Return on equity (ROE) (D10/A) 4.Other items 1.Cash and balances with treasury banks 2.330 0 0 7.

912 22.852.150.49% 57.Cash & cash equivalent to total assets (C1+C2)/C 2.) to total assets(D5/C) 7.Advances-non-performing/classified 7.593 822.48% 1.18% 0.12 .00% (2.333 1.664 32.32 22.552 543.040.802.093 19.155 50.846 17.60% 8.Financial Statement Analysis of Financial Sector THE BANK OF KHYBER Items A.20 6.810.437.371 31.897.Profit/(loss) after taxation E.014 2.318.985.185.501 749.Spread ratio (D3/D1) 2.99% 1.396 21.548.089 322.835.Total liabilities to total assets (B/C) 6.Efficiency ratios/profitability ratios 1.74% 2.Return on equity (ROE) (D10/A) 4.141 563.298 25.38% 47. liabilities C.338.53% 1.303 5.698 1.633 5.195 892.298 0.81 1.845.91% 72.570 1.323.00% 0.755 956.Deposits and other accounts 4.388 999.272.794 1.Capital ratio (A/C) 2.12% 3.566 36.Assets quality ratios 1.NPLs to shareholders equity (C6/A) 4.Profit/(loss) before taxation 10.026 2.Investments 5.400 0.57% 66.020 659.004.Bills payable 2.Gross advances to deposits (C5/B3) 7.13 34.52% 53.014 219.64% 56.079.863.Lending to financial institutions 4.60 14.036 26.Net markup/interest income 4.484 500.016 2.55% 15.966.Gross advances to borrowing & deposit C5/(B2+B3) H.86% 3.437 2.01 1.183) 4.977 23.544.Stock dividend/bonus shares 4.305 12.079 3.301 822.89 1.91% 71.822 2.766 1.281.13 -1. of ordinary shares 2.996.403.261 730.42% 77.208.946.Balances with other banks 3.00% 0.35 11.Net markup/interest income after provisions 6.858.000 8. (D8/D9) (times) 9.Advances net of provision (C5-C7) 9.147.487 2.Total equity (A1 to A3) 1.763 522.827 4.279 719.Break up value per share (A/E1) 4.391 943.Cash dividend 3.26% 73.99% 1.70 3.17% 46.NPLs write off to NPLs provisions (D4/C7) 5.Non-markup/interest income to total assets (D6/C) 6.359 238. expense to profit before tax.746 4.14% 3.684 2.Net markup/interest income(after prov.27 30.400 0.458 872.816 1.626.691 24.624 2.55 35.268 2.91 3.46% 68.155 2.723 91.Investment to total assets (C4/C) 3.285.97% 19.163 400.819 (262.102 2.424.07% 3.990 5.720 1.90% 22.677 951.938.925.657.119 3.301.689 25.90 24.287.604.759 36.18 28.11% 0.457.348 3.301.68% 10.804.02 0.No.596 6.364) 745.784 11.Cash flow ratio -10.732 45.453 (798.38 10.21 11.362.Markup/interest expensed 3.75% 58.989 1.Gross advances 6.480 1.09 1.010 1.00% 0.207.Liquidity ratios 1.441 14.07% - - - 41.16% 69.Un appropriated profit 4.853 3.665 2.855 59.47% 10.364.253 4.80% 0.Cash and balances with treasury banks 2.52% 5.911 14.Others B.739.984 1.321.Commitments & contingencies to total equity (E5/A) (times) 3.025 2.896 137.64% 73.73% 84.18 4.458 1.19 D.64% 0.470 38.119 5.542.077 242.562.57% 84.14 16.117.680 713.174.837.00% 6.710) 921.70% 28.945.551.92 14.228.436.732.159 2.981.08% 35.86% 53.68% 70.48% 88.30% 15.92% 85.121.67% 40.85 18.390.311 29.282.93 0.390.Net markup/interest margin (D1-D2)/C 3.20 15.033.717 1.Markup/interest earned 2.799 1.79 4.278.62% 64.001 722.85% 40.641.09% 18.06 17.002.494 8.285.643.702 920.193) 383.Capital /leverage ratios 1.327 5.19% 30.00% 0.067 58.Cash generated from operating activities 5.561 1.06% 60.238.285.Total liabilities(B1 to B4) 1.00% 1.394.74 17.715 3.Non-performing loan to gross advances (C6/C5) 2.81% 81.58% 11.848.384 (124.049 238.925.820.711 3.731 2.381 5.013.53% 1.885 244.800.15% 12.816 4.102 7.33% 31.019.20% 10.00% 13.360 535.952 1.554 2.57% 90.001 548.Total assets (C1 to C4 + C8 to C10) 1.51% 45.Advances net of provisions to total assets (C8/C) 4.10 1.99% -0.44% 1.351 1.445.Deposits to total assets (B3/C) 5.Other/misc.088.039 52.386 10.600) 26.684.058.001 435.08% 33.Other/misc.Admin.Provision against NPL to NPLs (C7/C6) I.03% 1.04 0.745 5.50% 67.07 5.984 1.589 2. expense to non-markup/interest income (D8/D6) (times) 11.248 2.626 1.237.925.958.426) 4.380 1.Non-markup/interest income 7.568.085.002.47% 2.58% -0.Other items 1.640 213.254 41.35% 6.Profit & loss account 1.427 8.Share capital 2.51% -0.00% 1.39% 0.64% 0.456 339.942 2.192 307.972 281.946 2.794.99% 80.856 12.800 0.96 11.962 1.730 21.791 9.894.466 2.32% 30.Non-markup/interest expenses 8.527.50% 0.770) (637.828 782.40% 0.581 3.308 400.486 6.Cash generated from opration activities to profit after tax (E4/D10) (times) 33 11.47% 3.487 348.72% 0.814 187.74% 2.35% 58.12% 30.70 0.810.36 12.27% 1.Provisions and write-offs 5.557.68% 15.83 13.51% -0.Total deposit to total equity (B3/A) (times) J. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 5.004.39% 1.869 205.331.189 9.649 22.282.Earning per share (D10/E1) G.677.85% 55.Reserves 3.525 68.033 4.516 910.Provision against advances 8.24% 56.468.12% 0.28% 66.342 (398.973 5.502.796.984.84 -10.391.423 1.560.390.342 500.273 229.Return on assets (ROA) (D10/C) 5.700.Non-markup/interest expense to total income D7/(D1+D6) 10.865 1.773 122.42% 42.Commitments and contigencies F.670 2.473 (996.270.061.Administrative expenses 9.261.250.20% 18.728.604.33% 53.930 280.292 10.284.393.61% 32.Fixed assets 10.52% 0.96% 39.066 1.925 665.16% 76.315 654.380.08% 2.36% 14.Markup/interest expense to markup/interest income (D2/D1) 8.410.Admin.781 1.Borrowings from financial institutions 3.35% 78.Provisions against NPLs to gross advances (C7/C5) 3.700 18.34 29.49% 2.88 -1.14% 65.

008) 46.196.055.229.82 7.341 215.614.70% 844.) to total assets(D5/C) 7.703 294.019 2.110.46 9.92% 12.48% -6.461.832.42% 72.Advances net of provisions to total assets (C8/C) 4.53% 0.56 32.793 2.48% 0.566 237.86% - - - 22.176.455 633.99% 93.251 42.83% 35.23% 32.29 1.Return on equity (ROE) (D10/A) 4.04 0.60% 52.995 1.056.99 -5.Administrative expenses 9.35% 40.722 4.228.594 (6.65 -1.11% 68.Investment to total assets (C4/C) 3.502.00% 0.35% 51.056.337 21.21% 0.094 13.914.427.16% -1.497.038 0.73% 93.25% -9.004) 1.923.963.78% 1.689.02 6.686) (1.090.427.Earning per share (D10/E1) G.217 1.Other/misc.Cash & cash equivalent to total assets (C1+C2)/C 2.17 35.832.980 153.716.74% 6.395) 182.658.202.41% 2.969 19.49% 58.37% 2.73% 79.138.359.000 1.435.333 3.956 (14.008) 46.00% 32.614.142 528.887.58% -0.89% 6.82% -1.142 (48.120 10.797 0.088.785.080 17.52% 1.455 633.39% 86.093 131.25% 97.219.720.637 2.968.826 2.230.471.783 208.86% 88.395) 182.902 5.60% 78.471.Gross advances to borrowing & deposit C5/(B2+B3) H.25% -0.969 19.165.777 4.Non-markup/interest income to total assets (D6/C) 6.Capital /leverage ratios 1.Provisions against NPLs to gross advances (C7/C5) 3.410) 17.517.697 20.195 14.87% 31.057 2.07% 6.33% 0.51 6.685.671 850.10% -5.689.Non-markup/interest expense to total income D7/(D1+D6) 10.24% 89.625 42.313.81 4.289.70 2.505) 18.326.Capital ratio (A/C) 2.24% 89.530.57 1.159 77.234 7.585 3.069.56 32.927.271 (391.182.073.Cash generated from operating activities 5.138.15 111.974.99 0.824 581.692 6.569 24.842 3.Profit/(loss) before taxation 10.45 -29.46% 50.349.Advances-non-performing/classified 7.847.41% 2.Admin.89% 7.998) 4.176.759 5.250.Cash flow ratio 1.19 -34.43% 4.Total equity (A1 to A3) 1.826 2.984.Fixed assets 10.No.647 17.252.619 17.465 120.45 -3.158 3.989.Assets quality ratios 1.320.587.Reserves 3.Stock dividend/bonus shares 4.42% 0.587 56.28 9.654 3.801.711.418 133.Profit & loss account 1.287.Provision against advances 8.Profit/(loss) after taxation E.Other items 1.212 4.000 73.299 5.89% 2.26% 56.72% 9.Non-markup/interest expenses 8.930 234.769 1.Advances net of provision (C5-C7) 9.217 469.939.947 62.072.734 2.059) 3.Bills payable 2.Gross advances to deposits (C5/B3) 7.072.658.046.906) (10.427.909.323.976.526.Net markup/interest margin (D1-D2)/C 3.539.178.Return on assets (ROA) (D10/C) 5.131.059.Liquidity ratios 1.35% 37.375 92.299 (7.885.45 2.00% 0.401 937.974 1.232 (7.179.967 (18.773 164.39% 1.Markup/interest expensed 3.226.915 191.945 (3.295 528.974 2.25% 97.Break up value per share (A/E1) 4.799.15 -13.411.Gross advances 6.998) 4.111.Cash dividend 3.797 - - (48.61% -1.31% 0.995 1.734 2.182.984.02 -3.583 18.752.483 29.909.21% -0.043) 5.12% 65.226. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 15.178.81 8.492.708 3.72% 90.Net markup/interest income(after prov.889 185.302 1.909 5.89% 8.NPLs write off to NPLs provisions (D4/C7) 5.210.53% -1.450.446 4.731.00% 0.093 131.69% 96.36% 11.56% 19.379 7.Deposits and other accounts 4.Non-performing loan to gross advances (C6/C5) 2.Share capital 2.Total liabilities to total assets (B/C) 6.597.85% 98.672 26.Balances with other banks 3.057 2.801 12.107.711.00% 32.974 7.33% 0.497.Markup/interest earned 2.059.71% 103.22% 70.813 153.501 3.217.520 5.877 3.333 22.14% -0.885.17 13.11 4.89% -0.Provision against NPL to NPLs (C7/C6) I.117.891 2.948 5.33% 7.924.120 10.509) 10.309.72% 9.090.889.99% 93.601 3.Total liabilities(B1 to B4) 1.278.55 20.939.924 423.67 -19.25% -9.337 21.594.10% 0. (D8/D9) (times) 9.267 528.682.35% 844.838 14.333 22.Deposits to total assets (B3/C) 5.42% 0.Borrowings from financial institutions 3.686) (1.893. of ordinary shares 2.78% 101.97% 0.45% 27.432 3.20% 64.422.17% 71.86% 27.969 16.278.427 1.210) 2.445.698.Lending to financial institutions 4.495.501 270.495. expense to non-markup/interest income (D8/D6) (times) 11.287.67 -19.276.959.86% 88.838 14.237.92% 71.731.43 16.797 528.Financial Statement Analysis of Financial Sector THE BANK OF PUNJAB Items A.642 (584.229.93% 45.385.287.385.933 (16.505) 17.88% 48.28 -2.Efficiency ratios/profitability ratios 1.924.192 5.695 136.57% 24.Others B.625 39.92% 12.532 4.Provisions and write-offs 5. liabilities C.989.00% 17.692 16.71% 0.Net markup/interest income 4.98% 81.594.10 9.Total assets (C1 to C4 + C8 to C10) 1.61% -1.219.17 13.Other/misc. expense to profit before tax.72 12.003 3.694 3.Cash generated from opration activities to profit after tax (E4/D10) (times) 34 .660 23.107 7.Net markup/interest income after provisions 6.404 150.520 5.Investments 5.Commitments and contigencies F.980 153.752.928 29.Admin.643.58% -0.453 4.799.361 127.287.Commitments & contingencies to total equity (E5/A) (times) 3.232 3.000 1.100 11.56 6.73% 93.012.993 225.84 D.313.Total deposit to total equity (B3/A) (times) J.061 21.637.521.862 73.607.Non-markup/interest income 7.903.NPLs to shareholders equity (C6/A) 4.430.Cash and balances with treasury banks 2.797 0.228.039 229.889 185.39% 86.60 -13.452.049 6.933 (16.974 7.42 10.393.Un appropriated profit 4.99 -5.796.25% 84.842.711.60% 9.911.636.903.70% 91.165.599.Spread ratio (D3/D1) 2.22% 70.978.969 16.906) (10.232 (7.492 (14.534.967 (18.480) 5.Markup/interest expense to markup/interest income (D2/D1) 8.845.46% 50.662 2.251 42.158 3.801 12.773 164.77% 0.896.447.554 20.28 9.532 4.778.685.844 280.774 14.

141.33 32.978 364.832.428.545.074 2.244 182.10% 63.888.789 315.221.869.709.468.77% 74.649.03% 75.456.077 150.235.080.408 D.125.062 54.171 2.423.101 2.544.773.800.014 94.Capital ratio (A/C) 2.52 2.662 137.140. liabilities C.518 3.884 2.Total liabilities(B1 to B4) 1.933.436.63% 6.94% 53.679 356.874.248.942.Cash & cash equivalent to total assets (C1+C2)/C 2.689 2.158.371.15% 5.639 128.146 2.88% 1.246.Net markup/interest income(after prov.568.847.Return on assets (ROA) (D10/C) 5.28 8.Markup/interest expense to markup/interest income (D2/D1) 8.920 97.56% 67.426 496.55% 10.16 26.978.379.901.17% 48.73% 24.73% 10.67% 74.95% 47.095.68% 58.Return on equity (ROE) (D10/A) 4. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 335.919.388 845.328.507 147.696.019.499.596.18 2.00% 27.588 370.336 2.436 151.Cash flow ratio 1.619.718 95.136 116.997 80.512.82% 1.625 6.65 48.67 9.287 60.582.Earning per share (D10/E1) G.011 46.761.36% 23.437 70.Net markup/interest income after provisions 6.564 181.442 113.30% 2.851 144.53% 76.Deposits to total assets (B3/C) 5.NPLs write off to NPLs provisions (D4/C7) 5.Overall Items A.906.38% 3.Total equity (A1 to A3) 1.77% 49.844.37% 1.70% 7.490 2.Gross advances to borrowing & deposit C5/(B2+B3) H.393 N/A N/A 576.95 8.Efficiency ratios/profitability ratios 1.283.67% 4.Gross advances 6.21 7.03 1.320.363.82% 1.Profit/(loss) before taxation 10.082.625.784 320.Administrative expenses 9.505.Investment to total assets (C4/C) 3.15 1.00% 19.010.602 274.138.Borrowings from financial institutions 3.343 506.03% 40.548.420.477.925 80.Gross advances to deposits (C5/B3) 7.595 146.027.568 60.16% 7.85% 1.Un appropriated profit 4.526 143.719.61% 89.810 221.519.100.Total deposit to total equity (B3/A) (times) J.623.834.434.726.893 484.096 122.696.537 63.93% 79.215.82% 1.289.99 9.117.588.02 F.97 28.175 55.875 351.39 16.51% 38.05% 30.318.343.912 57.588 250.909.200 330.Non-markup/interest expenses 8.687.539.302 46.738.468.44% 37.68 56.Bills payable 2.992 52.83% 9.733.175.973 226.025 N/A N/A 363.234 129.95 1.Cash dividend 3.818 122.61% 2.858 419.466.75% 6.291 2.493 133.Other/misc.Liquidity ratios 1.313.Deposits and other accounts 4.67 17.56% 8.12% 3.808 52.899.419 174.Advances net of provisions to total assets (C8/C) 4.17 8.688.58% 72.294.Provisions against NPLs to gross advances (C7/C5) 3.250.071 936.693.Non-markup/interest expense to total income D7/(D1+D6) 10.664.818.822 153.81 48.430 4.Cash generated from opration activities to profit after tax (E4/D10) (times) 35 .474.223.816.581 145.087.701 1.66% 2.33 28.89% 46.034.875.196 423.435 247.90% 4.Total assets (C1 to C4 + C8 to C10) 1.Advances-non-performing/classified 7.14 1.475.617.770.030 4.Provision against NPL to NPLs (C7/C6) I.359.Share capital 2.648.173.87 8.Cash generated from operating activities 5.418.664 1.861.10% 2.Non-markup/interest income 7.92% 10.Stock dividend/bonus shares 4.192 60.288.312 270.14% 0.197.131 169.448 51.31% 90.966.529.372.983 67.494 18.Total liabilities to total assets (B/C) 6.542.080.766 137.347.306.551 69.207.09 0.410 41.90% 71.277.687.050 35.558.773) 5.19% 66.27% 0.974 275.68% 51.95% 1.840.60% 78.Others B.Markup/interest earned 2.42 9.Other items 1.Fixed assets 10.09% 53.923.021 309.Cash and balances with treasury banks 2.825.973.129.778.Lending to financial institutions 4.80 18.389 181.080.466 266.021 34.Net markup/interest margin (D1-D2)/C 3.517.471.Profit & loss account 1.474 50.69% 2.25 8.781.) to total assets(D5/C) 7.086.88% 72.326 127. of ordinary shares 2.603. expense to non-markup/interest income (D8/D6) (times) 11.Break up value per share (A/E1) 4.183 95.509.241 75.314.495 343.662 4.885 74.874.693.671.Balances with other banks 3.610 296.57% 10.41% 2.798 237.515.27% 3.398 137.658.179 67.412.Capital /leverage ratios 1.63% 4.927.405.163 70.613 235.85 10.078 131.23% 8.NPLs to shareholders equity (C6/A) 4.Financial Statement Analysis of Financial Sector Private Sector Banks .722.458 210.498 5.03% 4.69% 60.34% 1.367.212.323.209 198.931.10 0.895 92.170 287.907 154.Admin.152 275.074 4.888 486.445.Admin.118.524 27.35 27.62 46.68% 12.56% 90.307.993 44.890.411 163.565.Provision against advances 8.57% 4.24% 89.980.875. expense to profit before tax.657 3.065 70.01% 23.995 127.800.97% 57.291 2.168.310.673 385.009.86% 75.Advances net of provision (C5-C7) 9.852.53% 74.582.86% 77.64% 47.115.435.338 370.768 182.868 86.Other/misc.382.Assets quality ratios 1.607 141.865.79 0.737.593.42% 53.454.267.723.32 8.590 2.464 2.536 472.494.42% 1.241.926 55.Spread ratio (D3/D1) 2.673.865.835.784.372 189.112.Profit/(loss) after taxation E.73% 47.342.244.82% 2.624.73% 63.978.704 2.190 3.415.209 2.00% 5.088.Markup/interest expensed 3.324.383 2.710 52.64 18.946.769 176.10% 52.790 159.37% 1.77% 0.173.218 232.331.861 206.107 226.682 (15.216 448.321 21.45% 60.28% 0.Net markup/interest income 4.676.No.Investments 5.Non-markup/interest income to total assets (D6/C) 6.901 149.687.Reserves 3.Provisions and write-offs 5.213.32% 12.70% 73.889.286 104.916 508.908 2.43 10.75 1.460 252. (D8/D9) (times) 9.299 N/A N/A 869.868 46.786 103.449 77.060.387.29 17.945.84% 73.851 175.Commitments and contigencies N/A N/A 297.511 25.10% 4.660 301.936.242.962.Commitments & contingencies to total equity (E5/A) (times) 3.24% 39.04% 10.041 604.22% 16.480.15% 2.33% 1.731 3.942.429.541 259.767.698 61.231 460.620.684.358 125.217 144.47 14.09 0.898 40.992 305.Non-performing loan to gross advances (C6/C5) 2.57% 77.596 184.766 69.784.08 5.64% 61.392.314.618 4.319 4.87% 89.618 1.228.390.711 N/A N/A 16.575 153.91% 0.636 3.809.854.

73% 61.33% 16.798.17% - - 0. of ordinary shares 2.77% 6.132 482.Share capital 2.Total equity (A1 to A3) 1.552.99% 47.Borrowings from financial institutions 3.742 893.000 3.892 959.68% 16.50% 67.664 4. liabilities C.220 72.763 395.176 8.Markup/interest earned 2.58 35.96 65.00% 10.000 2.Liquidity ratios 1.026 2.060.20% 82.000 0 (1.337.03% 65.756.728) (769.410.736.Total liabilities(B1 to B4) 1.000 15.60% 12.116) 1.Provision against NPL to NPLs (C7/C6) I.Investments 5.081.820.488 1.890 679.403 725.04% 11.46 24.) to total assets(D5/C) 7.Other items 1.43% 55.209 2.44% 29.378 195.433.Capital /leverage ratios 1.Admin.429) 5.013) 2.178 5.663 2.15 -1.Advances-non-performing/classified 7.81% 56.491 262.324.537.129 63.86% -0.Non-markup/interest expense to total income D7/(D1+D6) 10.45% 1.02 -0.327.483 1.00% 0.Net markup/interest margin (D1-D2)/C 3.051.200 0 (2.151 450.466.65% 3.Net markup/interest income(after prov.Administrative expenses 9.062 462.697.Break up value per share (A/E1) 4.Gross advances to deposits (C5/B3) 7.543 16.923 381.705 9.475 991.11 -1.584 4.180 26.052.Others B.44 -42.Cash and balances with treasury banks 2.97 26.508.Commitments and contigencies F.460.125 95.011 256.72% 64.75 4.499) 1.030 1.67% 47.756.Cash flow ratio 1.587 427.37 1.Efficiency ratios/profitability ratios 1.762.00% 0.780 1.Financial Statement Analysis of Financial Sector ALBARAKA BANK (PAKISTAN) LIMITED Items A.16 25.777.57% 0.363) (260.621.134 320.824 4.855 1.000 0 (188.85 -8.86% 91.691 20.49% 3.007.93% 58.000.Return on equity (ROE) (D10/A) 4.60% 2.56 -3.664 13.Other/misc.05% 1.741.617.Un appropriated profit 4.520 0.75% 51.179.293.909 400.Markup/interest expense to markup/interest income (D2/D1) 8.06 -1.590 (1.70 7.396 451.864 329.83% 3.00% 2.601.378 3.204 3.18% 26.121.559.314 1.926.539 (83.67 -1.16 -2.33% 64.57% 0.80% -4.000 0.Balances with other banks 3.222 1.925 4.546 395.186 764.62 24.558 19.08% 0.Spread ratio (D3/D1) 2.69 17.06 0.356.46 15.41% -0.960.991.350 8.595) 6.038 1.17 10.544.039.Other/misc.338 344.620 80.06% 84.569 (798.763.22% 6.Deposits and other accounts 4.27% 81.525 953.176 1.000 10.329 301.388 16.186 0 26.243 1.300) 1.71 8.487.595.66% 2.28% 57.910.65% 2.Earning per share (D10/E1) G.33% 2.063) 66.68% 100.Commitments & contingencies to total equity (E5/A) (times) 3.20% 2.Provisions and write-offs 5.50% 0.161 8.923.255 12.62% 16.Profit & loss account 1.375 (224.00% 0.481 7.409.001.132 3.111 950.Provision against advances 8.173.51% -1.908 4.71% 2.78% 32.41% 44.797.699.Investment to total assets (C4/C) 3.723.941.92% 57.40% -2.63% 56.Provisions against NPLs to gross advances (C7/C5) 3.Admin.074 (1.Non-markup/interest expenses 8.Non-markup/interest income to total assets (D6/C) 6.Fixed assets 10.436.889 8.500.Gross advances 6.70% 44.NPLs write off to NPLs provisions (D4/C7) 5.63% 19.23% 11.066 1.000 15.457.32% 50.275.Total liabilities to total assets (B/C) 6.Non-markup/interest income 7.416 29.654) (57.159 7.09% 6.Net markup/interest income after provisions 6.138 2.88% 36.892.000 2.250 12.09% 46.31% 82.Markup/interest expensed 3.80% 4.571 4.00% 0.000 0 (448.08% 375.925.Deposits to total assets (B3/C) 5.602 702.234.269.35% 2.708 2.600. expense to non-markup/interest income (D8/D6) (times) 11.87% 75.58% 31.Stock dividend/bonus shares 4.537 11.301 419.702 410.370 300.024) (764.44% -0.532.Profit/(loss) after taxation E.099) 54.700 3.123 2.914.736 1.198 2.76 9.53 9.65% 74.520 0.27% 39.213.40% 71.NPLs to shareholders equity (C6/A) 4.00 2.794 1.Advances net of provisions to total assets (C8/C) 4.00% 0.116 27.48% 15.450 1.242 4.85% 1.198.753 68.644.811.732.98 -0.307) (1.Assets quality ratios 1.811 464.00% 8.009 335.239 67.956 227. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 2.029 2.00% 0.000 0.135.Return on assets (ROA) (D10/C) 5.886 60. expense to profit before tax.468.897.29% 34.139 1.189) 247.623.883.712 450.566.000 0.064.Total assets (C1 to C4 + C8 to C10) 1.Reserves 3.73 88.74 -1.138 2.00% 2.228 1.181 7.96 0.660.892 49.935.Cash dividend 3.350.Cash generated from opration activities to profit after tax (E4/D10) (times) 36 .685 893.255.Cash generated from operating activities 5.Net markup/interest income 4.58% 2.658.80% -0.00% 406. (D8/D9) (times) 9.599 949.No.67% 54.012.78% 25.16 8.Profit/(loss) before taxation 10.53% 25.589 28.57% 0.548 148.01% 48.81% 107.634 (391.855 5.439.945.935.96% 6.969 9.44% 3.Bills payable 2.Capital ratio (A/C) 2.078 1.44% 12.668 7.34% 15.99 D.Lending to financial institutions 4.020.242 905.735.43% -0.619.257 7.546 8.172 125.600 2.Cash & cash equivalent to total assets (C1+C2)/C 2.796 6.416) 17.43 82.48 7.25 24.27% 9.70% 64.572.Advances net of provision (C5-C7) 9.760.610.34% 0.387 909.64% 0.71% 0.09% 38.274.77 64.Non-performing loan to gross advances (C6/C5) 2.500.436.050 14.297.76% 76.120 61.20 -0.19 43.17% 89.212 1.332 3.Gross advances to borrowing & deposit C5/(B2+B3) H.11 7.32 11.77% 0.021 1.376 598.577.920 99.37% 75.788.90% 6.Total deposit to total equity (B3/A) (times) J.608 540.879 3.994 320.882) (564.165 4.89% -0.53% 1.058 1.200 82.731 480.737 1.032 248.

Return on assets (ROA) (D10/C) 5.762.18% 4.Provisions against NPLs to gross advances (C7/C5) 3.65% 47.166 15.465 17.00% 86.895 10.798.Cash generated from opration activities to profit after tax (E4/D10) (times) 37 .340.185 25.Investment to total assets (C4/C) 3.687.382 9.27 1.272.01 25.50% 26.27% 1.158 30.Advances net of provision (C5-C7) 9.Net markup/interest income 4.95% 47.429 39.00% 10.999.93% 56.778 4.Return on equity (ROE) (D10/A) 4.08% 81.23% 52.469.888.831.449 4.34% 2.287 860.790 8.51% 92.Borrowings from financial institutions 3.30% 4.49% 7.46% 93.92 9.Deposits and other accounts 4.149.024 22.Capital ratio (A/C) 2.646 646.144.Other/misc.754 2.538 418.257 11.90% 75.123.791 20.867.386.679.384 22.57% 65.34 5.628 11.511.40% 37.554 20.45% 91.200 399.548.Total liabilities to total assets (B/C) 6.096.739.Total equity (A1 to A3) 1.22% 7.450 371.673.66 6.84% 1.952.517.74% 3.008 11.134.944 121.Share capital 2.241 83.49 4.54 7.49% 0.718.915 8.57% 7.36 34.262 253.018.41% 4.48% 0.Gross advances 6.02% 62.Assets quality ratios 1.Spread ratio (D3/D1) 2.91% 1.551.059 320.055 2.57 10.062.51% 5.516.280.050.37 8.828.653.622 7.79% 7.730 268.47 39.174 7.467.976.851 300.281.536.815 4.Gross advances to deposits (C5/B3) 7.61% 1.940 4.04% 6.395.00% 72.857.156.87 23.528.Other items 1.532 328.099 6.00% 10.151 297.494.99% 1.828 117. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 18.567.918 9.778.54% 58.852 26.58 11.540 17.370 6.947 515.Cash generated from operating activities 5.293 5.Non-markup/interest income 7.586 17.488.938 173.Administrative expenses 9.101 0. (D8/D9) (times) 9.857 668.18 14.257.110 8.700 11.717 5.Profit & loss account 1.083.713 6.118 16.837 18.Net markup/interest income after provisions 6.91 23.Commitments & contingencies to total equity (E5/A) (times) 3.777 13.371.14 1.506 22.116.925.141.Efficiency ratios/profitability ratios 1.19 14.46% 82.409.Admin.364 25.42% 1.31% 6.479.256.10% 66.697 1.723 29.656 263.63% 0.) to total assets(D5/C) 7.Cash & cash equivalent to total assets (C1+C2)/C 2.16% 17.817 51.Stock dividend/bonus shares 4.56% 5.688 7.71% 1.12% 93.60 43.75% 59.Profit/(loss) before taxation 10.Others B.765 1. of ordinary shares 2.842 8.Non-markup/interest expenses 8.289.63% 62.398.88 11.10% 36.865 10.422 10.29% 51.66 36.Total assets (C1 to C4 + C8 to C10) 1.463 178.374 21. liabilities C.51% 4.407.592 782.231.872.686 41.09% 5.793.Lending to financial institutions 4.NPLs write off to NPLs provisions (D4/C7) 5.132.279 388.436 18.51% 0.90 20.Other/misc.20% 46.545.283 6.595 223.076.019.449 18.603.958.385 18.754 195.46% 6.710 15.714.060.344.418 2.63% 56.121.173 538.Advances-non-performing/classified 7.933.109.61% 92.93 10.166 14.361.724 13.50% 0.Markup/interest earned 2.009.669 23.638 262.463.37 0.122.134.910 15.61% 82.110.Net markup/interest margin (D1-D2)/C 3.438 31.74% 78.156.96% 5.321 16.570.120.00% 563.723.06 32.986.279 8.571.212.22 1.452.Cash and balances with treasury banks 2.01% 0.93% 3.322 11.118.Cash flow ratio 1.61% 58.658 579.Deposits to total assets (B3/C) 5.382.263.00% 10.434.340.58% 1.695.001 40.637 0.45% 3.993.917.439.100 249.178 12.Commitments and contigencies F.08% 26.Un appropriated profit 4.779 15.Profit/(loss) after taxation E.408 31.Net markup/interest income(after prov.Non-markup/interest income to total assets (D6/C) 6.678 4.99% 67.008 6.662 4.40% 0.80% 6.59 48.No. expense to non-markup/interest income (D8/D6) (times) 11.572 8.91% 26.972.897 26.639.333 120.14% 1.667 22.18% 68.585 108.796 14.Total liabilities(B1 to B4) 1.158.914 25.90 7.076 4.459.776 8.Provision against advances 8.Total deposit to total equity (B3/A) (times) J.354.283.183 82.68% 26.093 366.465.462.117 6.914.349.255 4.845 12.257 9.559 16.633 126.584 10.96% 35.778 711.896.821.Gross advances to borrowing & deposit C5/(B2+B3) H.33% 68.Capital /leverage ratios 1.218 18.37 12.391 5.977 168.Non-markup/interest expense to total income D7/(D1+D6) 10.769 212.818.004 11.804.182.009 7.Fixed assets 10.427 52.786 472.367.191.308 1.129.839.85% 75.Balances with other banks 3.058 3.Financial Statement Analysis of Financial Sector ALLIED BANK LIMITED Items A.101 15.43 45.805 6.15% 0.26% 1.712 3.76% 6.789.Cash dividend 3.NPLs to shareholders equity (C6/A) 4.090 12.378 11.199.419.589 449.515 7.415.665 237.Reserves 3.265.280.28 1.201.77% 56.717 244.10% 49.932 94.Provision against NPL to NPLs (C7/C6) I.481 3.646.83% 89.49% 0.972 18.121 1.550.20 1.36% 6.33 25.435.490 27.015.50% 1.38% 77.953.10% 86.Advances net of provisions to total assets (C8/C) 4.13% 1.972.75% 6.91% 0.421.Markup/interest expensed 3.22% 2.Markup/interest expense to markup/interest income (D2/D1) 8.790 18.644 5.143.667.Investments 5.497 344.19% 29.102.696.771.50% 3.805.254 4.802.297.32% 4.948 17.75% 54.280 7.095.67% 6.966.162.Admin.63% 22.06 50.49% 4.612 36.317 49.683 1.97% 77.717.078.430.187 16.310 45.311 0.532.408.Break up value per share (A/E1) 4.Earning per share (D10/E1) G.857.79% 67.164.Provisions and write-offs 5.591 28.805 20.920.619 13.83 11.853.Liquidity ratios 1.128.522 12.Non-performing loan to gross advances (C6/C5) 2.043.816 3.761.001 10.02% 22.89 10.971.58% 77. expense to profit before tax.Bills payable 2.524.560.542.475.421.123 18.456 413.25% 82.30 6.923 10.16% - - 61.774.72 6.011.346 5.688.599 6.582.47 D.745 20.27 1.703.40% 54.576 3.184 22.548 37.87% 0.57 43.080.

64% 11.587 4.27% 3.230 13.771.053 8.707.393.Markup/interest expense to markup/interest income (D2/D1) 8.18 0.24 11.427.129 22.Non-markup/interest income to total assets (D6/C) 6.19% 1.693 1.241 3.058.725.274.84% 9.241 8.287.950 22.Total deposit to total equity (B3/A) (times) J.Profit/(loss) before taxation 10.143 39.133.299.904.861 1.073.Break up value per share (A/E1) 4.744 0.35 26.162 5.09% 80.21% 12.099.554.545 7.499 6.143.49% 6.525 143.901 9.76% 0.615 182.828 15.Cash generated from operating activities 5.380.64% 55.617 147.017.871.018 1.496 4.931.27 4.689.385.780.987.Non-markup/interest expenses 8. liabilities C.Liquidity ratios 1.98% 94.08 0.71 2.09% 52.41% 59.994 314.15% 71.Investment to total assets (C4/C) 3.Financial Statement Analysis of Financial Sector ASKARI BANK LIMITED Items A.880 21.722 507.194.775 2.27% 75.Bills payable 2.159.670 19.Cash flow ratio 1.034.00% 25. (D8/D9) (times) 9.10 25.541 16.789.605 100.Borrowings from financial institutions 3.688.254 10.Net markup/interest income 4.64 4.Balances with other banks 3.451 12.238.451. expense to profit before tax.516 2.Commitments & contingencies to total equity (E5/A) (times) 3.169 461.973 11.Other items 1.73% 2.40% 72.018 0.93 5.563 202.635 3.770 8.NPLs write off to NPLs provisions (D4/C7) 5.54% 81.649.91% 65.31% 1.05% 3.13% 9.82% 9.997 7.844 135.Earning per share (D10/E1) G.645 3.361 10.144.63% 70.979 291.480 13.787.168.Commitments and contigencies F.246 23.428 5.225 22.Capital /leverage ratios 1.624 6.00% 2.87% 43.584.814 4.52% 93.06 0.458 8.810 166.370.39% 2.234.70% 65.30% 62.) to total assets(D5/C) 7.823.903 11.Provision against NPL to NPLs (C7/C6) I.No.954.089.171.720 26.648 15.29% 145.716 1.638 1.898 2.100.42% 54.46 17.336 2.80% 57.438 19.03% 2.53% 3.712.905.36% 2.705.365.468 193.877 0.91 2.893 6.904 3.467 7.22% 64.Investments 5.Capital ratio (A/C) 2.Provisions and write-offs 5.Return on assets (ROA) (D10/C) 5.96% 142.777 255.956 17.50% 0.627.741 2.063 168.712.479.Others B.Other/misc.819.Markup/interest earned 2.Profit/(loss) after taxation E.454.395 14.194.585.82% 9.04% 2.767 6.914.774 7.625.756.789.44% 48.48% 81.089 10.91% 12.Advances net of provisions to total assets (C8/C) 4.681.37% 32.300.668.43 30.Non-performing loan to gross advances (C6/C5) 2.745 17.471 8.677.876 4.71% 13.Un appropriated profit 4.795 1.92 21.070.242 8.584 133.Total assets (C1 to C4 + C8 to C10) 1.945.039.565.912.033 16.138 16.06 17.068.072.93% 0.342 169.39 D.13% 36.035.58 24.Efficiency ratios/profitability ratios 1.461 32.01% 8.062 42.000 5.332.598.Lending to financial institutions 4.069.Cash and balances with treasury banks 2.212.148 167.686.85% 3.186 102.164.42% 38.861 325.96% 94.640 4.964.56% 10.453.535.895 4.09% 3.Provision against advances 8.651.Gross advances to deposits (C5/B3) 7.69% 17.676.236.47% 2.565.591 7.Stock dividend/bonus shares 4.012 18.726 405.690 150.124.Net markup/interest income(after prov.613.313 10.038 12.95% 4.553.005 108.647 239.95 15.615 5.21% 6.Other/misc.58 3.25% 97.862 2.944 1.Cash dividend 3.456 343.42% 1.650.716.915.65% 23.Administrative expenses 9.843 165.225 106.725 6.597 3.295.Cash & cash equivalent to total assets (C1+C2)/C 2.141 308.390 3.054 14.747.497.626 152.206.00% 0.Deposits to total assets (B3/C) 5.29% 0.864 27.374.264.32% 78.210 9.227 206.Advances net of provision (C5-C7) 9.785 2.64% 3.Gross advances 6.37% 9.05 8.149 14.53% 134.023.830.387 167.933 6.Net markup/interest income after provisions 6.921.03 0.95 40.78% 57.440 7.219.15% 6.855 679.72 34.754 35.742.41% 69.865.787.Markup/interest expensed 3.051 17.381 2.020 2.984 25.Return on equity (ROE) (D10/A) 4.190 3.250.88% 2.801.45 28.556 9.92 42.80 28.55 1.39% 57.009.65 13.15% 36.596.731 128.Profit & loss account 1.885.Fixed assets 10.831 254.594 4.Non-markup/interest expense to total income D7/(D1+D6) 10.Advances-non-performing/classified 7.15% 0.11% 71.Net markup/interest margin (D1-D2)/C 3.685.041 803.473 642.699.74% 19.Non-markup/interest income 7.00% 36.30% 94.444.18% 0.431.Spread ratio (D3/D1) 2.535.784.048.885 13.937.77% 94.780.422 14.206 6.980 936.99 40.93% 107.249.768.71% 2.599.207 300.Share capital 2. of ordinary shares 2.80 29.Total equity (A1 to A3) 1.190.08 24.10 0.84% 16.71% 83.135.932 707.30% 53.012.382 145.059 66.292 298.617 3.18% 8.47% 10.381.50 38.91% 26.25% 21.184 8.457.948.499.667.32% 93.028.298.417 11.64% 67.850 8.997 2.Deposits and other accounts 4.Admin.055 3.567 2.633.83% 84.47% 14.11 35.382 386.006.05% 12.Reserves 3.127 2.084.00% 0.Cash generated from opration activities to profit after tax (E4/D10) (times) 38 .029.188.51% 1.82 5.064.032 17.163 205.650 0. expense to non-markup/interest income (D8/D6) (times) 11.908.356 196.01% 35.Total liabilities(B1 to B4) 1.367 1.35% 8.Admin.061 7.655.408.983.476 16.347 0.715 10.Assets quality ratios 1.707 6.593.38% 8.954.956 7.Provisions against NPLs to gross advances (C7/C5) 3.036.00% 20.54% 0.574.818.590.719 7.768.36% - - 57.80% 2.755 139.56% 0.22 1.838 15.435.55% 8.266.645.356.82% 59.572 7.39% 76.224 5.12 6.536 2.116 1.010 14.Gross advances to borrowing & deposit C5/(B2+B3) H.96 23.874.165 8.691 1.128.NPLs to shareholders equity (C6/A) 4.41 9.542.Total liabilities to total assets (B/C) 6. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 12.669.353.472.27 23.191.538 9.907.627 919.36% 1.

27% 0.294 27.02% 29.452.85 5.) to total assets(D5/C) 7.532 2.59% 112.405 9.Other/misc.383 33.863.35 16.836.579.990 2.132.561 132.856.107 0.629 364.137 9.Liquidity ratios 1.85% 1.863 3.447 478.64% 7.20% 0.953 5.225.Profit/(loss) after taxation E.187.166.68% 3.280.626.112.56% 94.18% 0.115 93.77 14.89% 57.310.666.21% 61.227 2.068 2.677 285.Advances net of provision (C5-C7) 9.848 106.224.988 6.806 1.89% 4.066.020 3.053.65% 95.914 732.Lending to financial institutions 4.701.207.500 604.21 20.203.67% 82.364.372.Provisions and write-offs 5.Provision against advances 8.Total equity (A1 to A3) 1.563 6.482 9.943.Non-markup/interest expenses 8.578.655 12.13% 3.43% 75. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 8.345 5.24 1.998 2.48% 2.979.Share capital 2.120.Net markup/interest income 4.717.435 3.986 1.659 8.Non-performing loan to gross advances (C6/C5) 2.446.942 177.529.187 13.630 5.797.525 114.80 D.537.957.324.75 4.62% 6.Fixed assets 10.149.Cash & cash equivalent to total assets (C1+C2)/C 2.132.35% 57.334 12.Cash flow ratio 1.936.44% 70.026 7.68 39.798 16.Gross advances 6.12 21.818.996 9.Return on equity (ROE) (D10/A) 4.89% 2.965 7.181.Capital /leverage ratios 1.480.514.Commitments & contingencies to total equity (E5/A) (times) 3.22% 1.43% 93.826.234.96 20.104 368.Provisions against NPLs to gross advances (C7/C5) 3.818.740 311.33 5.73% 1.37% 1.178 114.87% 78.Others B.20% 30.052.44% 42.90 9.582.99% 3.426 4.841 8.NPLs to shareholders equity (C6/A) 4.579 1.Other/misc.980 36.869.74% 3.374.319 9.Return on assets (ROA) (D10/C) 5.34% 2.309 946.579.20 25.95% 102.274 13.92% 35.849 2.11% 69.87% 1.681.75% 16.388 3.232.75% 3.369.51% 81.310 3.Total assets (C1 to C4 + C8 to C10) 1.785.489 10.872 5.874 6.71 21.727.Bills payable 2.266 4.109 189.Borrowings from financial institutions 3.Admin.78 5.656 129.082 5.Non-markup/interest income to total assets (D6/C) 6.030.689 3.204 4.251.Reserves 3.345 6.Non-markup/interest income 7.166.758 60.71% 0.786.Advances-non-performing/classified 7.118.481 125.Net markup/interest margin (D1-D2)/C 3.35% 139.25% 1.06 19.237.Profit & loss account 1.517.304 4.Cash dividend 3.06% 54.446 3.09 21.621.14 16.01 8.607.156.127.237 22.68% 0.094 141.346 19.333 14.642 3.063.972 5.806 7.72% 3.07 20.292 10.16 20.18% 24.063 6.080 79.372 862.96% 0.NPLs write off to NPLs provisions (D4/C7) 5.67% 4.Total deposit to total equity (B3/A) (times) J.643 4.132 10.14% 0.720 43.Other items 1.23 1.744.28% 2.09% 81.72% 34.433.20% 56.589 4.547 1.306.791. expense to profit before tax.130.856 9.597 0.744.Net markup/interest income after provisions 6.989.Non-markup/interest expense to total income D7/(D1+D6) 10.30% 94.994.Deposits and other accounts 4.441.Total liabilities to total assets (B/C) 6.377.286.01% 1.16% 59.275 3.773.855 5.667.814.472.16 10.23% 64.380 5.497 101.858 2.991 11.773 2.989 22.50% 27.Profit/(loss) before taxation 10.373.55% 115.152 295.310 63.348 249.785.17% 5.77% 94.956 2.205.417.Markup/interest expensed 3.004.Markup/interest earned 2.48% 160.Admin.825 384.804.Efficiency ratios/profitability ratios 1.69% 7.67% 7.724.071 2.83% 49.703 59.759 3.600 14.563 2.000.65% 1.Gross advances to borrowing & deposit C5/(B2+B3) H.63% 8.158.Stock dividend/bonus shares 4.Net markup/interest income(after prov.183.310 14.594 302.394.402.321.326 4.Earning per share (D10/E1) G.561.30% 20.945.425.878.582 2.Cash and balances with treasury banks 2.Financial Statement Analysis of Financial Sector BANK AL-HABIB LIMITED Items A.01 38.47% 41.429 35.525.00% 65.Capital ratio (A/C) 2.586.084 235.51% 2.205 165.105.097.830 2.731 4.467 42.693 105.72% 58.Assets quality ratios 1.27% 60.764.Deposits to total assets (B3/C) 5. liabilities C.283 7.698 216.264.457 5.779 12.70% 41.77% 27.318 79.96% 1.820.196.98% 56.Balances with other banks 3.80% 39.Advances net of provisions to total assets (C8/C) 4.83 14.45% 2.628 222.50% 16.07 40.742 4.166.062.01 45. (D8/D9) (times) 9.760.872.15% 94.396 48.Investments 5.806.63% 0.199 1.767.91% - - - 2.00% 45.012 2.389.885 10.016 22.743 144.40% 7.910 878.25 1.No.470 2.Investment to total assets (C4/C) 3.63% 51.796. expense to non-markup/interest income (D8/D6) (times) 11.883.164 0.287.942 1.106 7.49 4.137 20.Spread ratio (D3/D1) 2.621.701 108.908.614 22.Commitments and contigencies F.757 4.19% 63.Break up value per share (A/E1) 4.985.955 4.74% 8.61% 44.656 2.512.97% 28.15% 0.28 1.49 6.14 15.131.105 13.322.00 20.68% 47.538 12.867.287 2.451 9.569 61.550 1.024 17.045 3.35% 3.294 6.698.Provision against NPL to NPLs (C7/C6) I.58% 0.234.665.968 1.520.76% 94.Markup/interest expense to markup/interest income (D2/D1) 8.211.92 5.757 3.949 1.690.004.416.25% 0.062 9.57% 1. of ordinary shares 2.341 301.376 100.066.07 6.310 6.Administrative expenses 9.643 0 223.249 1.25 1.234.249.925 2.95 23.202 2.74% 2.967.017.640 6.642.264 3.726 0 111.Cash generated from operating activities 5.335.101.139.083.26% 48.73% 0.387.41 4.088 249.92% 5.993 4.101 119.Cash generated from opration activities to profit after tax (E4/D10) (times) 39 .22% 0.Gross advances to deposits (C5/B3) 7.00% 20.664.187.013.087.04 26.Total liabilities(B1 to B4) 1.784.774.331.045.268 137.856.36% 3.94 4.04% 2.28% 17.067.421 610.370 3.Un appropriated profit 4.995.824 3.56% 19.65% 5.766.527.988 14.392.

05% 58.07 0.18 17.180. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 13.587.111 8.435 99.328.974 4.454 14.Cash & cash equivalent to total assets (C1+C2)/C 2.610 4.418 468.155.000 0.126.187.Profit/(loss) before taxation 10.Gross advances to deposits (C5/B3) 7.233 11.Bills payable 2.722.728.618 389.50% 48.786.Deposits and other accounts 4.533 13.164 15.Provisions and write-offs 5.Markup/interest expensed 3.376 19.301 35.963 9.055.92 -203.688.841 16.00% - - 34.345.052 3.00% 0.491.021.512 13.38% 1.Investments 5.990.82% 3.664 (97.927 14.156 0.491.05% 83.500.78 20.07 36.243 21.132.693 13.242 442.552.383.38% 85.05% 95.448.91% 52.46% 91.378 18.21 14.407 166.152 29.888 650.524 411.30% 83.896.82 33.678.675.738 3.Total liabilities(B1 to B4) 1.349.978 401.00% 18.00% 57.291.556 113.882.673 6.272.499.841 14.50% 2.645.803.287 18.788 50.67% 15.056.561 217.595 12.451.357 6.924 9.687.50% 2.Non-markup/interest expenses 8.367 17.394.59% 50.923.052.40% 2.966.31% 56.533 6.335 21.74% 22.819.710.452. expense to non-markup/interest income (D8/D6) (times) 11.452.349.16 27.921 324.822.312 10.84% 3.31% 59.56% 6.Other items 1.210.25% 9.398 23.411.Deposits to total assets (B3/C) 5.58% 35.308 4.05% 1.Spread ratio (D3/D1) 2.096.Cash generated from opration activities to profit after tax (E4/D10) (times) 40 .267 35.543.658.38% 9.14 17.Cash generated from operating activities 5.58% 32.265.494.085 4.524 7.473 11.854.380.764 32.93% 27.325.130.262 1.04 4.534.Net markup/interest income after provisions 6.Non-markup/interest income to total assets (D6/C) 6.13 30.Provision against NPL to NPLs (C7/C6) I.581.Borrowings from financial institutions 3.025 3.Profit & loss account 1.983 44.No.33 18.90% 69.238 197.23 0.Net markup/interest income(after prov.54% 2.283 3.043 3.324 6.703 159.90% 102.38 D.969 (23.563 3.51 12.264 5.709.Stock dividend/bonus shares 4.19 0.03 1.18% 0.70% - 7.19% 2.92% 4.947.620.Cash and balances with treasury banks 2.84% 2.197.230.895.79% -0.851.64 19.285 13.500 75.070.010.Lending to financial institutions 4.24% 14.138.Provision against advances 8.34% 8.173.930 24.92% 1.766.86 41.589 367.472.251.535.13% 4.Markup/interest expense to markup/interest income (D2/D1) 8.151 4.Balances with other banks 3.914 348.Advances net of provisions to total assets (C8/C) 4.453 18.30% 39.Capital /leverage ratios 1.622.82% 2.325 124.Non-markup/interest expense to total income D7/(D1+D6) 10. (D8/D9) (times) 9.68% 50.84 4.143 17.878 10.009.478.693) 4.140 5.790.34% 1.354 25.Others B.294.101.279.714.47% 52.07% 64.614 12.922.376.424.Non-markup/interest income 7.536.690.608.94% 8.805.414. liabilities C.156 0.822.Advances net of provision (C5-C7) 9.) to total assets(D5/C) 7.Cash flow ratio 1.882 41.Admin.202.168.794.37 4.924 1.60% 60.022 13.871 4.636 211.438 196.69% 4.479.Efficiency ratios/profitability ratios 1.Markup/interest earned 2.494 35.06% 64.54% 26.74% 61.Total assets (C1 to C4 + C8 to C10) 1.Admin.238.95% 14.720 1.Gross advances to borrowing & deposit C5/(B2+B3) H.675 17.156 0.82% 2.Return on equity (ROE) (D10/A) 4.671 0 6.46 27.229 30.072 3.928.79% 0.496 17.527 328.Un appropriated profit 4.263.389 18.453.06% 95.301.711 6.Investment to total assets (C4/C) 3.58 28.279.901.46% 1.140.16% 2.27 20.39% 67.Capital ratio (A/C) 2.124 354.276 179.100.410.18% 5.947.000 2.42% 94.Share capital 2. expense to profit before tax.658 12.18 19.038.468.954 437.245.427.349.30% 85.99% 66.587 4.908 2.995.835.056 3.773.492 14.Administrative expenses 9.Commitments & contingencies to total equity (E5/A) (times) 3.846 11.19% 10.19% 8.75 15.Earning per share (D10/E1) G.563 4.222 300.82% 62.802.683 191.77% 54.025 22.166.436. of ordinary shares 2.Provisions against NPLs to gross advances (C7/C5) 3.435 5.00% 12.436.175 14.912 7.059 88.743.716 8.00% 53.864 198.03% 1.346.810 4.833 4.726 12.44% 3.289.675.74% 63.638 20.53% 59.59 4.054 14.524 5.130 9.Profit/(loss) after taxation E.195 2.Return on assets (ROA) (D10/C) 5.897 25.563 3.Financial Statement Analysis of Financial Sector BANK ALFALAH LIMITED Items A.904) 37.110 1.33 12.07 21.Fixed assets 10.946.01 -0.00% 0.931.293 9.171 312.54 4.Advances-non-performing/classified 7.003 13.578 13.777.008 390.552 3.925.765.68% 0.869.09 0.40 12.43% 60.60% 56.32% 0.84% 25.18% 53.845.NPLs to shareholders equity (C6/A) 4.Commitments and contigencies F.903.08% 0.152.Gross advances 6.216 331.Other/misc.50% 25.973.166.442.14% 3.96% 86.648.467 2.926 4.166.Break up value per share (A/E1) 4.790 1.25% 2.12 -0.466 8.818 171.12% 65.15% 0.732.403.63 30.198.497.957.653.000 3.662 17.705.67% 94.521.55% 21.355 10.523 7.Reserves 3.Total equity (A1 to A3) 1.926) 4.988 13.423 189.606 13.37% 1.95% 1.840 2.Total liabilities to total assets (B/C) 6.28% 1.871 16.Net markup/interest margin (D1-D2)/C 3.133 (72.Liquidity ratios 1.Cash dividend 3.82 26.858 14.97% 94.Other/misc.606 121.223 14.Total deposit to total equity (B3/A) (times) J.NPLs write off to NPLs provisions (D4/C7) 5.11% 82.690 17.61 3.95% 0.00% 19.Assets quality ratios 1.Non-performing loan to gross advances (C6/C5) 2.780.162.491.700.820 2.065.564 175.491.35 12.021 2.702.17% 95.672 188.03% 6.880.624.67 1.554.38% 39.58 0.19% 9.585.58% 42.031 13.097 14.013.144 20.315.380 799.089 207.500 50.393.626.Net markup/interest income 4.197 6.530.84% 2.742 23.361 5.98% 13.913 1.766.670.697 273.612.992 11.447.783.21% 0.

33% 3.83% -0.Capital /leverage ratios 1.690.232 (229.Spread ratio (D3/D1) 2.Total liabilities(B1 to B4) 1.69% 0.Break up value per share (A/E1) 4.76% 5.078 53.132 13.513.78% - - 2.776 29.687 1.19% 38.66% 4.716.10 -1.048.03% 3.75% 0.395 20.093.16 0.218 28.992.No.46% 30.30 70.506 405.148 2.20% 65.867 1.215.608 156.Non-markup/interest expenses 8.914 527.342.001 350.648 1.515 4.604 196.914 320.695 5.863 6.543.Financial Statement Analysis of Financial Sector BANKISLAMI PAKISTAN LIMITED Items A.95 -20.Admin.921.76% 26.777 6.651 918.48% 96.30% 34.023) 1.Net markup/interest margin (D1-D2)/C 3.680 328.NPLs to shareholders equity (C6/A) 4.998 70.Profit/(loss) before taxation 10.902 5.Un appropriated profit 4.09% 84.28% 1.63% 85.175.410.124 485.50 -0.411 4.000 0 (45.000 0.82 -159.37% 72.896.679 0 (589.049.84% 2.679 91.020 353.873.19% 3.453 1.853 800.600 2.94% 7.159 5.01 0.182.059.777 4.279.02% 30.751.14% 0.07 9.590 1.72% 0.Gross advances 6.36% 1.930) 2.207.96% 2.816.41 13.96 -9.946.968 0.116 4.Advances net of provisions to total assets (C8/C) 4.00% 0.Reserves 3.58% 81.910.Advances-non-performing/classified 7.130) 32.67% 1.177 614.522 4.674 1.261.92% 0.55% 6.577.233 58.92 46.00% 0.Cash & cash equivalent to total assets (C1+C2)/C 2.53% 0.71% 15.200.81% 44.25% 85.36 47.Share capital 2.Return on assets (ROA) (D10/C) 5.Markup/interest earned 2.373 3.809.96% 40.Borrowings from financial institutions 3.351 5.Non-markup/interest income to total assets (D6/C) 6.Total liabilities to total assets (B/C) 6.63% 86.491 625.NPLs write off to NPLs provisions (D4/C7) 5.897.854 4.618 2.78% 3.36% 19.156.264 20.282 513.760 798.103 10.955 2.911.467.303 2.58% 34.652 2.09% 0.968 0.Markup/interest expense to markup/interest income (D2/D1) 8.027 3.002 226.20% 8.89 68.796 799.449 13.15 27.Non-markup/interest income 7.Investment to total assets (C4/C) 3. liabilities C.76% 73.654 16.968 23.678 3.533 4.684.088.833 41.916 1.91% 35.Provisions against NPLs to gross advances (C7/C5) 3.88 5.405 41.999.181.Cash generated from operating activities 5.59% 52.660 49.984 527.53 21.739 2.468.24 -0.12 50.81 2.623 3.Balances with other banks 3.97% 1.436.731.205) 169.91% 1.59% 81.968 0.664 170.61% 44.73 9.Administrative expenses 9.94% 15.520 2.Return on equity (ROE) (D10/A) 4.447.515 563.939 12.372 5.77 27.642 4.53% 2.81% 9.06% -0.59% 37.093 159.307) 10.87% -0.90 9.473 1.467 14.172 (100.687.Total equity (A1 to A3) 1.705 34.611 527.934.39% 40.460.151 4.279.31% 2.528 739.78 D.561 5.831 549.279.198 855.477.Earning per share (D10/E1) G.705 44.Efficiency ratios/profitability ratios 1.21% 3.955 819. expense to non-markup/interest income (D8/D6) (times) 11.060 303.160 27.Provision against NPL to NPLs (C7/C6) I.864. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 3.Total assets (C1 to C4 + C8 to C10) 1.Total deposit to total equity (B3/A) (times) J.012 788.139 229.Other/misc.26% 0.447 10.160 130.Profit & loss account 1.10 44.95% 90.709 10.79% 45.502 5.541.48% 0.Lending to financial institutions 4.109.247 1.56% 18.50 0.401 1.Fixed assets 10.781 5.96 8.531 1.035.Deposits to total assets (B3/C) 5.49 13.770.35% 3.019 966.620 22.31 8.110.Commitments & contingencies to total equity (E5/A) (times) 3.Capital ratio (A/C) 2.527.028.152) (52.409.192.556 608.665 249.779 353.Investments 5.564.679 0 (98.590 491.255 207.403 1.525 6.240 78.79% 89.43% 68.813 6.842.463) (37.96% 26.217.279.472.47% -4.25 103.15% 8.747 84.166 2.00% 5.057) 29.Assets quality ratios 1.69% -0.490 40.670.855 602.382 40.653.75% 27.44% 52.14% 0.232 (556.Others B.153.33% 16.40% 44.00% 4.109.858 4.00% 8.097 741.Stock dividend/bonus shares 4.433.Provision against advances 8.037 3.371 29.85% 21.598) 3.152 1.Cash flow ratio 1.622 5.504.908 20.688 729.119 2.Non-markup/interest expense to total income D7/(D1+D6) 10.01 -0.Net markup/interest income after provisions 6.Gross advances to borrowing & deposit C5/(B2+B3) H.Cash generated from opration activities to profit after tax (E4/D10) (times) 41 .53% 31.36% 38.81% 4.153 570.Commitments and contigencies F.91% 1.631.468.125 2.281 510.48% 3.998 527.00% 1.Advances net of provision (C5-C7) 9.08 0.413 2.67% -4.846 140.75% 9.226.000 9.891.Gross advances to deposits (C5/B3) 7.790 1.80% 53.18% 37.707.377) 690.00% 0.439. expense to profit before tax.50 38.000 38.962.457.87% 50.755.972 16.46% 43.679 8.00% 0.95 10.Net markup/interest income(after prov.19% 39.842 298.920.91% 53.154.221 (233.460 186.Other items 1.808 4.00% 0.34 9.375.Provisions and write-offs 5.221.Bills payable 2.602.50% 55.181.Other/misc.Deposits and other accounts 4.047 (572.94 8.19% 49.168 1.00% 2.Markup/interest expensed 3.54% 39.646 245.Cash dividend 3.324 891.887 1.614.91% 22.Profit/(loss) after taxation E.Net markup/interest income 4.59% 44.307) (483.01 -0.609.760.86 3.39% 4.868 111.37% 2.00% 4.Liquidity ratios 1.239 19.019.50 -0.929 6.08 47.Cash and balances with treasury banks 2.Non-performing loan to gross advances (C6/C5) 2.372 269.) to total assets(D5/C) 7.472.207.46% 3.000 50. (D8/D9) (times) 9.137. of ordinary shares 2.41% 1.670 342.Admin.018.05 8.

458 16.333 16.885.24 -4.50% 18.02% 111.243 0 2.142) 59.Other/misc.022 1.063.001.77% 71.153.410.131.78% 73.17 -2.751 (225.137 418.Net markup/interest income after provisions 6.Markup/interest expense to markup/interest income (D2/D1) 8.Non-markup/interest income 7.17% 46.085. liabilities C.462 17.44% 1.118 620.10% 1.136 406.414 251.291 12.00% 100.231 3.52 20.00% 55.021 501.42% 18.00% 36.00% 0.138 50.092 9.Financial Statement Analysis of Financial Sector BURJ BANK LIMITED Items A.649.500 451.325 537.Cash dividend 3.609 0 1.58 1.06 -2.522) 2.18% 5.046 0.71% 12.05 -1.Borrowings from financial institutions 3.379.875 447.636 0 9. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 3.13 -3.89% 0.259 51.059 4.01 0.241 840.895 58.24% 108.00% I.50% 110.394.184.Advances net of provision (C5-C7) 9.089 224.49% 75.80% 15.96 20.Non-performing loan to gross advances (C6/C5) 2.40% 57.763.53% 49.647 5.35% 32.677 (405.133 0.02% 73.49% 53.999 21.25% 54.35 -1.Markup/interest expensed 3.397 4.Total liabilities to total assets (B/C) 6.677 986.21 1.Non-markup/interest income to total assets (D6/C) 6.16% 62.22 32.045.13% 2.40 9.867 287.22% 67.Provision against advances 8.39% 9.046 0.58% 31.07 40.327 20.778 27.857 3.579 165.996 60.Non-markup/interest expenses 8.406.Provision against NPL to NPLs (C7/C6) 0.426 501.834 188.010.Earning per share (D10/E1) G.481.381 187.341.Total assets (C1 to C4 + C8 to C10) 1.751 67.46% 53.236.39 8.Break up value per share (A/E1) 4.007 (10.01 0.474 249.Investment to total assets (C4/C) 3.00% 5.74% 57.616.296.874 3.273 434.509.07 -0.982.Provisions and write-offs 5.948 255.Return on equity (ROE) (D10/A) 4.657 3.57% 59.345 (346.825 13.281) 5.Profit/(loss) after taxation E.002.46% 14.41 24.04% -0.784.Deposits to total assets (B3/C) 5.000 8.679.36% 42.76% 28.374 403.Total deposit to total equity (B3/A) (times) J.279 5.Profit & loss account 1.10% 32.324.97% 7.857 1.686 1.704 5.723.Others B.Total equity (A1 to A3) 1. of ordinary shares 2.458 16.019.72% 57.890 2.Bills payable 2.40% 53.Other items 1.461 400.094.751 5.675.Fixed assets 10.592 (824.Share capital 2.888 741.318.17% 7.Advances-non-performing/classified 7.Net markup/interest margin (D1-D2)/C 3.88 0.NPLs write off to NPLs provisions (D4/C7) 5.53% 54.793 11.14 0.646 80.152) (292.63% 22.14 52.Balances with other banks 3.202 646.916 13.11% 38.166.580 700.98 -18.120 0.) to total assets(D5/C) 7.279 1.747 725.507 13.111 32.393 272.132 2.Other/misc.Cash & cash equivalent to total assets (C1+C2)/C 2.908) (288.645 1.63% 4.74% 0.031 855.60% 11.873 650.911. (D8/D9) (times) 9.340 671.751 (761.Gross advances 6.636.Advances net of provisions to total assets (C8/C) 4.732 5.00% 0.Gross advances to deposits (C5/B3) 7.01% 78.229.652.80% 0.52 -0.17% 0.021 10.70 D.888.35% 5.49% 9.942 2.Cash generated from opration activities to profit after tax (E4/D10) (times) 42 .263.Commitments & contingencies to total equity (E5/A) (times) 3.62% 52.Cash and balances with treasury banks 2.49% 128.279 130.22 7.Administrative expenses 9.821 4.Assets quality ratios 1.999 494.850.Efficiency ratios/profitability ratios 1.Deposits and other accounts 4.Cash generated from operating activities 5.703 250.838 166.15 64.09% 3.585 1.609 50.300 76.20 76.121 257.36% 0.31% 0.171 952.829 1.906 191.750 229.09% 0.14% 1.999 32.Un appropriated profit 4.300 20.988 577.932 447.957.777.73% 47.217.457) 674.78 0.146 5.00% - 0.03% 0.77% 0.857.091 4.468 2.675 675.349.Net markup/interest income 4.818 686.002 685.861.423.296.266.18 10.68% 2.877 417.04% 0.29% 19.534 786.349 2.12% 21.33% 0.36% 48.97% 128.443 731.579 7.03% 65. expense to non-markup/interest income (D8/D6) (times) 11.534 380.657 3.Lending to financial institutions 4.032 56.725.82% 8.96% 17.295.80 3.077 1.58 42.763 57.589 5.Capital ratio (A/C) 2.00% 0.461 726.488) 360.Admin.08 42.Non-markup/interest expense to total income D7/(D1+D6) 10.639.Gross advances to borrowing & deposit C5/(B2+B3) H.752 481.375.01% 36.601.Cash flow ratio -25.046 0.849 1.762 215.48% 9.77% 23.752 299.878 6.537 1.161 433.00% 654.00% 0.34 8.24 36.067 5.No.236.008.206 40.001.51 2.Return on assets (ROA) (D10/C) 5.41 1.Capital /leverage ratios 1.641 6.361 1. expense to profit before tax.560) (535.727 1.21% 6.571 4.91% -3.45% -0.364 454.622 600.630) 26.Admin.040 2.840.54 48.000 5.72% 63.25% 0.667.251 210.586 5.26% 13.467 400.627) 1.753 5.70% -0.626 671.83% 4.82% 2.Net markup/interest income(after prov.458 16.00% 660.751 (1.88% 6.58% 79.404 215.Provisions against NPLs to gross advances (C7/C5) 3.050.NPLs to shareholders equity (C6/A) 4.704.00% (1.Reserves 3.645.191 8.200 10.Liquidity ratios 1.95% 27.21% 4.00% 0.263 1.740 237.375 6.51% 3.69 57.857 64.Markup/interest earned 2.Stock dividend/bonus shares 4.Profit/(loss) before taxation 10.54 10.696 2.49% -1.Spread ratio (D3/D1) 2.620) 40.010.857 190.215.Total liabilities(B1 to B4) 1.91% 0.90% 0.083 339.54% 59.51% 3.801.49% -1.76% 15.955 1.Commitments and contigencies F.00% 2.Investments 5.79 43.703 86.644.260 1.

129 190.346.37% 30.Provisions against NPLs to gross advances (C7/C5) 3.53% 5.19 12.145 1.Borrowings from financial institutions 3.136 1.Deposits and other accounts 4.91% 74.88% 5.Return on equity (ROE) (D10/A) 4.00% 0.78% 1.266 18.224.109.071.676.19 47.05% -0.954 1.Provision against advances 8.86% 87.04 0.318.892 1.983.486 434.20 -0.709 561.177.588 1.344 286.84% 48.02% 0.95 8.188 0 25.Advances-non-performing/classified 7.461 490.459.066 365.322.85% 4.841.Return on assets (ROA) (D10/C) 5.Total liabilities(B1 to B4) 1.494 21.703.28 15.282 (271.932.Gross advances 6.05% 9.62% 5.79% 26.723 20.254 156.72 -13.16 D.898.76% 8.17 -7.553 0.000 27.43% 4.411.340.16% 0.523.453.00% 2.945.020.76% 84.414.906 943.807 6.49 99.88% 49.345.00% 0.00% 72.197.030 46.724.943 1.11% 82.894 2.995 2.888 677.878 677.910 1.Lending to financial institutions 4.050.52% 4.Net markup/interest income after provisions 6.073 2.921.Total equity (A1 to A3) 1.52% 5.848.56% 3.Total liabilities to total assets (B/C) 6.716 469. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 4.979 25.723.758 366.764.247.16% 7. expense to non-markup/interest income (D8/D6) (times) 11.902.770 1.848) (369.96% 52.Cash and balances with treasury banks 2.858.114.Total assets (C1 to C4 + C8 to C10) 1.822. liabilities C.780 0 (962.85 49.Admin.Financial Statement Analysis of Financial Sector DUBAI ISLAMIC BANK PAKISTAN LIMITED Items A.353 1.97% 2.Balances with other banks 3.946 283.00 0.429.Commitments and contigencies F.116 601.30 50.483 58.461.No.76% 29.725 5.367.830.060 5.992.00% 392.64% 1.21% 0.884 0 2.Investments 5.370 23.952.602 1.08% 2.928 3.Advances net of provisions to total assets (C8/C) 4.72 0.273.30% 118.40 5.776.Non-performing loan to gross advances (C6/C5) 2.43% 26.603 0.73% 32.42% 18.722 2.39 46.437 2.715 457.107.Cash flow ratio 1.084 12.670) 18 33.806) (181.572 3.203 22.77% 89.843 18.71% 50.737 4.727.Markup/interest expensed 3.073. of ordinary shares 2.05% 3.521 383 16.654 6.57% -6.552 2.230 0 (780.000 31.410.Reserves 3.Total deposit to total equity (B3/A) (times) J.43% - - - 0.72% 7.42% 56.982 181.Commitments & contingencies to total equity (E5/A) (times) 3.906 1.526 (567.Cash generated from operating activities 5.68% 14.04 -0.73% 7.740.73% 1.426 1.772 10.799 553.Spread ratio (D3/D1) 2.908 1.88 -5.Markup/interest earned 2.776.458.878 1.330.Gross advances to borrowing & deposit C5/(B2+B3) H.Capital ratio (A/C) 2.629 279.62% 51.905 2.848 32.095.603 0.68 9.074 4.NPLs to shareholders equity (C6/A) 4.545 39.607 1.Profit/(loss) after taxation E.84% 74.Provisions and write-offs 5.03 0.Capital /leverage ratios 1.923 1.767) 17.08 -1.312 316.91 4.190.90 43.33 47.09% 3.94 8.597.87% 0.410 1.90% 57.665 100.119.648 336.116.994 1.80% 11.362 2.691.077 1.947.20% -0.347.238.776.00% (1.974.380 2.075 2.449 3.58% 16.58% 2.017.157 1.088 371.736 3.03% 4.56% 70.70% 4.Investment to total assets (C4/C) 3.Gross advances to deposits (C5/B3) 7.Assets quality ratios 1.030 85.520) 10.00% 0.130) 18 29.97% 13.126.224 1.796 1.04 17.101 6.95% 4.196) 2.087 11.030 45.Un appropriated profit 4.276 5.425 1.884 3.739.213 1.552 271.10% 59.983.491.024 256.Other/misc.Fixed assets 10.00% 0.430.Other items 1.Cash dividend 3.63 15.613 1.840.67 579.012.Non-markup/interest expenses 8.59 8.543 21.826.18 26.Net markup/interest income 4.53 10.Markup/interest expense to markup/interest income (D2/D1) 8.93 5.Non-markup/interest income 7.42% 70.050 226.264 2.Liquidity ratios 1.500 38.Net markup/interest income(after prov.285.247 6.230 35.832 3.64% 0.Bills payable 2.941.063.632.Efficiency ratios/profitability ratios 1.77% 4.241.43% 79.177 335.395.726.00% 2.308.979 20.603 0.Cash generated from opration activities to profit after tax (E4/D10) (times) 43 .Cash & cash equivalent to total assets (C1+C2)/C 2.Stock dividend/bonus shares 4.Non-markup/interest expense to total income D7/(D1+D6) 10.71 15.400 394.048.698) 9.260 6.542 1.766 11.66% 60.961 (774.136 2.493 125.23% 72.82% 2.Profit/(loss) before taxation 10.Advances net of provision (C5-C7) 9.11 0.328.778 23.961.560 11.168 677.806 1.785 2.98% 58.63% 79.888.Non-markup/interest income to total assets (D6/C) 6.321 6.58% 41.467 352.274.19% 72.867 26.179 23.019.501 1.532 5.766 549.43% 84.40% 0.39% 2.822) 3.563 17.377. expense to profit before tax.414 100.455.247 1.57% 1.592 719.335 2.01 48.91% -2.867 48.807 16.578 2.07% 62.00% 4.298 2.758) 41.731 8.65% 20. (D8/D9) (times) 9.805.058 (622.21% 79.589.Admin.281) (4.48% 5.908 347.35% 33.23% 1.Deposits to total assets (B3/C) 5.78% 75.337.055.NPLs write off to NPLs provisions (D4/C7) 5.704.347 (781.368.Net markup/interest margin (D1-D2)/C 3.61% 9.94% 1.95% 51.040.28% 4.Provision against NPL to NPLs (C7/C6) I.397 411.196.778 0.302 650.Other/misc.591.) to total assets(D5/C) 7.Administrative expenses 9.Earning per share (D10/E1) G.962.790 10.665 1.18% 0.Break up value per share (A/E1) 4.Others B.800.550 6.329.226.760.00% 0.34 -0.791.369 1.980.647.39% 79.35% 4.236.59% 100.41% 52.202 115.Share capital 2.92% 74.570 1.72 0.944 950.129.937.90% 30.22 8.00% 4.21 6.00% 15.92% 4.07% 78.00 3.Profit & loss account 1.

377 2.032 3.Net markup/interest income(after prov.Return on assets (ROA) (D10/C) 5.338 6.946.Cash generated from opration activities to profit after tax (E4/D10) (times) 44 .855 102.312.579 5.667 3.Cash flow ratio 1.89 19.Break up value per share (A/E1) 4.Share capital 2.986 214.33% 5.Reserves 3.418.Balances with other banks 3.427 8.514.796.780 2.63 31.813.465.190.469.774.095 9.00% 1.708.20 1.20% 8.087 50.57% 148.131 2.791.519.39% 2.911.755 4.38% 2.897.519 636.747 2.646 173.53% 4.25% 0.614.731 15.08% 68.415 3.536.65% 0.95% 56.91% 68.486 8.918 2.671.401 2.33% 61.512.50% 1.53 1.016.Capital /leverage ratios 1.445.927 9.Admin.257.67% 1.369 11.103.883 2.Others B.Cash dividend 3.256 5.952 16.Deposits and other accounts 4.Cash and balances with treasury banks 2.87 7.899.Financial Statement Analysis of Financial Sector FAYSAL BANK LIMITED Items A.312 0.Cash & cash equivalent to total assets (C1+C2)/C 2.Net markup/interest income after provisions 6.409.Investments 5.147 6.Earning per share (D10/E1) G.441.781 7.459 1.No.218.923 17.614.075.204 17.86 6.08% 9.85% 7.Cash generated from operating activities 5.795 1.855) 250.96% 16.Advances net of provisions to total assets (C8/C) 4.406 15.Capital ratio (A/C) 2.726.714 141.NPLs write off to NPLs provisions (D4/C7) 5.47% 40.55% 1.66 1.392 4.967.067.Total equity (A1 to A3) 1.44% 1.Other items 1.335 148.354.030 7.71% 0.92 22.76% 7.978 3.859 34.81 9.Non-markup/interest income to total assets (D6/C) 6.14 6.Advances net of provision (C5-C7) 9.09% 8.102 31.66% 32.978.285.42% 65.56% 70.589.453 8.178 1.320.252.401 36.Efficiency ratios/profitability ratios 1.Total liabilities(B1 to B4) 1.76 6.357 125.77% 2.25% 1.45% 3.Other/misc.83% 72.Administrative expenses 9.211 11.078.06% 93.454.73 11.23% 76.43% 77.153 3.119 17.66 1.206.685.445 3.01 18.499.389 2.824 3.14% 65.044 4.202 508.108 13.428.68% 62.94% 0.06% 54.82% 77.857 824.Net markup/interest margin (D1-D2)/C 3.707.033 1.01% 66.949.02% 73.872.36% 93.804.55 7.25% 88.108 91.978.Gross advances to deposits (C5/B3) 7.Deposits to total assets (B3/C) 5.898 164.25% 7.827 2.71% 12.320.012.090.Spread ratio (D3/D1) 2.504 180.187 165.650.799.795 15.861.Markup/interest expensed 3.280.15% 60.Advances-non-performing/classified 7.67 33.875 11.92% 3.14 10.74% 10.108.Fixed assets 10.384.406.803.619.635.567.380 4.449 19.909 0.387 10.451 7.120.00% 0.460 13.098 79.421 6.366 17.94% 3.Provision against advances 8.75% 2.Investment to total assets (C4/C) 3.41% 74.128.Non-markup/interest income 7.825.145 2.419.15% 93.882.640 133.664 6.99 29.65% 77.038.345.309.941.368 10.25 21.527 19.909 0 86.757.562.793 10.688 1.198 11.Total liabilities to total assets (B/C) 6.161.537 1.Commitments & contingencies to total equity (E5/A) (times) 3. liabilities C.987 5.35% 92.Provision against NPL to NPLs (C7/C6) I.29% 7.641 7.843 (96.151.Admin. expense to non-markup/interest income (D8/D6) (times) 11.44% 1.Total deposit to total equity (B3/A) (times) J.776.180 1.Other/misc.78 21.727.NPLs to shareholders equity (C6/A) 4.) to total assets(D5/C) 7.567.445 3.15% 0.Gross advances 6.296 529.278 4.121 127.11 29.07 0.766 123.81% 3.927. of ordinary shares 2.625 7.826 18.87% 79.Provisions against NPLs to gross advances (C7/C5) 3.044.312.056 1.246 51.29 36.51% 7.04 18.015 5. expense to profit before tax.Stock dividend/bonus shares 4. (D8/D9) (times) 9.573 83.710.911 4.58% 0.Profit/(loss) after taxation E.262.819.Profit & loss account 1.330 26.902. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 10.683 7.633.245 8.243.Un appropriated profit 4.470 10.00% 0.132 8.815.072.751 609.146 5.346.345 3.75% 2.21% 86.617 6.23% 50.483.378 1.12 19.354 695.00% 0.296.204 2.Non-markup/interest expense to total income D7/(D1+D6) 10.Profit/(loss) before taxation 10.451 34.83% 15.118 6.758 17.447 98.Provisions and write-offs 5.924 5.10% 63.22% 8.22% 9.769 8.553.11 0.329 28.114.11% 65.881.044 2.644.308 292.995.53% 68.591.62% 8.459.959.981 529.94% 31.64% 73.Non-performing loan to gross advances (C6/C5) 2.537 88.Assets quality ratios 1.Bills payable 2.481 5.47% 146.706.22% 7.469.Total assets (C1 to C4 + C8 to C10) 1.620.565 16.409 24.016.00% 17.22 1.212.373.537 3.29% 92.191.849.46 4.072 827.644 0.186 267.321.362 2.03 28.468 102.Liquidity ratios 1.696.697.56% 89.481.61% 2.642 39.201.654 35.59 12.37% 4.60% 10.843 1.09% 26.549 151.753.790.277.959 2.047.Lending to financial institutions 4.109 4.646.043 1.315.511.902 167.58% 70.34% 11.904 195.792.06 3.264.919 197.Markup/interest earned 2.32% 4.669.08% 1.919.049.027.212.608 1.17% 0.00% 0.663 2.47% 64.Borrowings from financial institutions 3.793.56% 1.011.Non-markup/interest expenses 8.07 0.354.995 10.346.62 D.55% 2.Return on equity (ROE) (D10/A) 4.936 730.607 17.718 0 93.796.33% 50.422 10.079.152.Markup/interest expense to markup/interest income (D2/D1) 8.11 0.070.206.67 10.21% 73.07% 5.81 4.91% 31.610.023 1.732 273.108 4.068 2.53 9.517 13.645 15.34% 70.82% 1.40% - - 45.030.404.93% 50.17% 81.204.413 2.241.094 7.296 2.13% 5.957.69 14.811.245.787.49% 22.296.77% 0.272.Gross advances to borrowing & deposit C5/(B2+B3) H.459.826 56.985.877 87.017.135.784.446.668 5.427.76 7.Net markup/interest income 4.600 138.45% 1.091 0.469 91.054 1.524 876.695 4.Commitments and contigencies F.83% 31.001 2.950.404 1.62 2.

773 7.670.194 10.995 10.599 9.051 1.Efficiency ratios/profitability ratios 1.Admin.590.73% 17.934.255 46.67% 41.16 1.133 358.086.086.990 17.048 457.Assets quality ratios 1.24% 1.625 459.813 61.000.148 572.Balances with other banks 3.91% 25.901 15.Investment to total assets (C4/C) 3.659 33.23% 71.55% 1.400.82% 60.704 56.60% 0.766 22.127.Non-markup/interest expenses 8.676 572.Share capital 2.607.379.109 12.062 46.588.59% 67.894.715 9.29% 3.Cash generated from operating activities 5.654 52.277.459.203 6.Advances-non-performing/classified 7.88% 67.282.49 9.23% 9.44% 3.631.554.06% 52.659 717.525 42.708.Un appropriated profit 4.396 863.00 57.882.73% 3.335 9.34 8.34% 42.Provisions and write-offs 5.623 47.358.00% (21.228 508.77% 66.453.924 1.157.010 56.39% 2.698 86.275 910.04 2.083.597 652.130 171.295.84% 0.20% 58.536.029 418.753.281 380.18 56.97% 0. liabilities C.880 0.980 7.499 16.71% 71.861 29.226 24.355.034.359.319.Provisions against NPLs to gross advances (C7/C5) 3.860 747.880 924.40% 0.Cash dividend 3.61% 91.Provision against advances 8.409.342.009 62.64% 11.813 19.814 7.542 52.09% 7.506 25.147.339.720.77 82.Net markup/interest income 4.244.Return on assets (ROA) (D10/C) 5.786.88% 37.838.Total liabilities(B1 to B4) 1.955 21.76% 4.77 -2.Net markup/interest margin (D1-D2)/C 3.23% 1.782.687 5.46% 43.699.32 30.10% 206.367 32.800 0.664 39.083 779.908.960 27.220 56.Fixed assets 10.99% 10.26 11.775.Break up value per share (A/E1) 4.84 80.000 27.584 25.Markup/interest expense to markup/interest income (D2/D1) 8.91% 1.241 9.403.Deposits to total assets (B3/C) 5.799 30.80% 25.526 352.93% 80.497 49.856 1.74% 6.084.695.789.92 86.668 50.578 5.836 40.Commitments & contingencies to total equity (E5/A) (times) 3.79% 5.325.440 52.001.169 29.656 19.210.347 33.344 254.131.27% 4.380.580.932.022.24% 77.352.96% 1.366.50% 7.00% 20.773 17.Profit/(loss) before taxation 10.187 26. (D8/D9) (times) 9.391 6.448.467.490.77% 79.84% - - 48.Liquidity ratios 1.54 10.252.75 9.340.00% 42.986.22% 3.750.Markup/interest expensed 3.318 30.793 79.Gross advances 6.089.405.46 29.Return on equity (ROE) (D10/A) 4.240 31.01% 0. expense to profit before tax.961 34.133.670 933.515.754 460.800 29.041.329 20.572 35.32 1.47 9.21% 0.Advances net of provisions to total assets (C8/C) 4.03 8.791 1.762.04 14.637 53.73% 40.391 597.660 33.856 55.438.42% 26.505 41.813 42.96 13.398 22.Profit & loss account 1.260.22% 55.74% 79.Total liabilities to total assets (B/C) 6.010.820.643 42.90 17.59% -3.164.059 10.044 24.541 21.Profit/(loss) after taxation E.61 8.09 9.30% 4.084 454.202.894.09% 4.57% 49.380 38.055.980 76.468.06 26.741.839.408.41% 74.093 40.542.86 201.71% 1.Cash generated from opration activities to profit after tax (E4/D10) (times) 45 .46% 7.076.20 1.348.03% 81.78% 2.967.534 9.NPLs write off to NPLs provisions (D4/C7) 5.159.21% 65.38% 53.71 57.000 55.000 18.564 6.87% 27.253.582.355.10% 107.698 362.018.697 9.18 11.26% 42.632 9.50% 10.Earning per share (D10/E1) G.Stock dividend/bonus shares 4.333.467.000 22.380 98. of ordinary shares 2.020.813 25.102.89% 43.38% 4.217 13.820.80% 90.Total equity (A1 to A3) 1.Admin.66% 13.No.580 42.08% 0.Spread ratio (D3/D1) 2.958) 296.571 18.23% 63.10% 14.Lending to financial institutions 4.555 47.14 8.636 13.749 81.132 11.692 655.185 30.498.339.012 435.321.108.842.Other items 1.001.006 10.72% 80.012 16.82% 89.54% 4.551 8.92% 51.924.Non-markup/interest income 7.873 216.750.16% 74.) to total assets(D5/C) 7.900.336.672 36.439.980.147 503.496 30.16 1.Non-markup/interest income to total assets (D6/C) 6.077 44.745.549.496 3.70% 4.193.290.Financial Statement Analysis of Financial Sector HABIB BANK LIMITED Items A.523.094 759.Non-performing loan to gross advances (C6/C5) 2.48% 2.492.78% 13.612 23.473.517 20.235 26.22 1.374.028 34.Markup/interest earned 2.186 253.034.712 828.210 100.785 7.Cash and balances with treasury banks 2.237.69% 0.510 24. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 50.706 14.70% 0.Other/misc.220.Non-markup/interest expense to total income D7/(D1+D6) 10.90 26.218.628.116 502.26 D.875 11.068 0.255 35.002 8.42% 17.Others B.Borrowings from financial institutions 3.399.753.528 13.Net markup/interest income after provisions 6.628.971.03% 90.15% 56.139.Bills payable 2.545 75.490.591 48.349.399.Net markup/interest income(after prov.Administrative expenses 9.63% 0. expense to non-markup/interest income (D8/D6) (times) 11.145.978 682.029.15% 1.Gross advances to borrowing & deposit C5/(B2+B3) H.Deposits and other accounts 4.433.182.818.704 9.022 690.72 90.87 9.680 32.18 1.210.12% 1.39% 1.246 37.23% 36.030 17.838.640.47% 15.502 39.14% 81.781.730.67% 8.38% 75.583 49.Provision against NPL to NPLs (C7/C6) I.604.413.041.94 73.361.909.Gross advances to deposits (C5/B3) 7.Total deposit to total equity (B3/A) (times) J.040.Capital /leverage ratios 1.381.94% 0.63% 79.532 490.855.NPLs to shareholders equity (C6/A) 4.68 8.167.40% 37.967.662.Other/misc.79% 5.787 127.50% 61.Investments 5.398.330.236.527.155.766.022.000 0.Cash flow ratio 1.Commitments and contigencies F.84% 1.020.994.367.581.74% 6.416 61.554.Total assets (C1 to C4 + C8 to C10) 1.851 22.Cash & cash equivalent to total assets (C1+C2)/C 2.755 56.Advances net of provision (C5-C7) 9.205 103.310.403 81.634.Reserves 3.85% 12.472.93% 90.925.079 34.585.Capital ratio (A/C) 2.81% 67.99 20.751.732 13.047 18.65 58.520 1.558.445.431 25.64% 12.290 44.212.

Financial Statement Analysis of Financial Sector HABIB METROPOLITAN BANK LIMITED Items A.465.11 7.84% 4.807.038 501.806.95 3.259.851 752.407.735.130. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 13.674 142.007 7.79% 85.429.731.087 11.905.Bills payable 2.710.17% 51.Cash and balances with treasury banks 2.46 D.Other/misc. of ordinary shares 2.76% 1.19% 2.367 442.17% 38.923.707.022.619.196 3.14 7.372.29% 91.84 14.452 7.746.Commitments and contigencies F.522.Net markup/interest income after provisions 6.399 150.200.837) 200.797.598 128.881 13.20 1.52% 70.89% 8.44% 57.96 3.540.039 4.36% 70.934 109.65 29.281.528.98 26.Deposits to total assets (B3/C) 5.463.015 2.936 16.714 3.00% 0.551.69 8.03% 68. liabilities C.387) 80.432.529.384 2.829.183 3.629) 218.94 2.37% 63.81% 0.026.255 89.039.59% 47.648 15.13 1. expense to non-markup/interest income (D8/D6) (times) 11.Profit & loss account 1.31% 9.729 160.Provisions against NPLs to gross advances (C7/C5) 3.031 2.111.15% 2.080. (D8/D9) (times) 9.954 62.18% 75.Cash & cash equivalent to total assets (C1+C2)/C 2.563 23.Advances net of provision (C5-C7) 9.43% 100.044.192.Total assets (C1 to C4 + C8 to C10) 1.364 1.636 3.922.58% 91.87% 19.823 3.160 3.Other/misc.754 147.249.203 2.902 8.Non-markup/interest income 7.202 0.718 4.691.Total equity (A1 to A3) 1.066.71 5.208 237.63% 30.676 97.146 127.00 7.265.19 -2.Investment to total assets (C4/C) 3.052 288.29% 1.04 15.Return on equity (ROE) (D10/A) 4.04 15.41% 8.151.948 159.110 3.115 4.05% 64.172 10.629.NPLs to shareholders equity (C6/A) 4.953 602.796 91.836.Fixed assets 10.99 8.335 2.041.989.201.250 1.452 7.210.921 116.361.670 252.469 5.253.20% 50.401.Efficiency ratios/profitability ratios 1.149.Gross advances to deposits (C5/B3) 7.97% 36.520 106.041.261.Advances net of provisions to total assets (C8/C) 4.547 31.666 172.83% 6.28 26.286 7.308.679.532 110.956.648 6.79% 7.86% 5.83 8.832.975 20.88% 1.97% 6.230.71% 2.47 -2.91 21.983.898 2.246.832 0.Non-performing loan to gross advances (C6/C5) 2.647 4.922 4.51% 0.13% 59.105 108.429.91% 35.71% 0.849.82 7.806 1.127.Non-markup/interest income to total assets (D6/C) 6.00% 0.00% 16.15% 6.52 8.641.76% 47.76% 40.525 7.950.89% 5.57 31.001 10.943.Provision against NPL to NPLs (C7/C6) I.564 2.Lending to financial institutions 4.51% 72.282.371 119.67% 55.20% (6.53% 63.254.79 5.599 2.350 6.498 4.82% 58.380.551 8.73% 0.Borrowings from financial institutions 3.656.Commitments & contingencies to total equity (E5/A) (times) 3.991.848 10.47% 0.95% 69.Provision against advances 8.NPLs write off to NPLs provisions (D4/C7) 5.275 4.27% 7.Investments 5.54% 1.740.94% 79.Admin.433.217.974.315 8.Cash generated from operating activities 5.207 3.572.583.25% 70.Others B.00% 47.900.648 4.372.Un appropriated profit 4.478.634 4.41% 0.172.186.360 4.348.Spread ratio (D3/D1) 2.53% 2.199.616 6.259 1.53% 2.18 25.Deposits and other accounts 4.228 6.530 (646.761 24.Net markup/interest income(after prov.87% 0.163 119.501 11.047.Non-markup/interest expenses 8.130.244 5.61% 40.835 0.144.820.58% 0.387.Break up value per share (A/E1) 4.20% 60.74% 5.527.094 3.12 0.018.692 (1.268 263.905 18.059.587.211 6.Cash generated from opration activities to profit after tax (E4/D10) (times) 46 .233.Gross advances to borrowing & deposit C5/(B2+B3) H.843 182.754 873.679.459.826.294.15% 0.427.633 121.03% 92.101 10.56 24.550.203.10% 0.Markup/interest earned 2.281.657 14.430 3.713.16% 1.929 8.Earning per share (D10/E1) G.590 2.853 11.608 6.087.11% 1.71% 51.740.820 3.926 (148.977 4.47% 1.943.33% 33.658 7.486 2.784 3.840 4.237 98.928.665 4.Liquidity ratios 1.818.462.Net markup/interest income 4.656.631.184 3.734 2.Administrative expenses 9.733.Balances with other banks 3.403.82 -1.747.) to total assets(D5/C) 7.809 3.67% 121.132 2.591 2.84% 1.923.364.569.293.406.073.919.No.216 7.32% 151.Markup/interest expense to markup/interest income (D2/D1) 8.Advances-non-performing/classified 7.000 111.160 3.35% 64.491 6.827.Non-markup/interest expense to total income D7/(D1+D6) 10.00% (6.141.09% 43.476 102.951.277.62% 1.559 4.Total liabilities(B1 to B4) 1.383.158.376.022.95% 4.176 53.21 1.Return on assets (ROA) (D10/C) 5.65 16.87% 29.49% 0.95 7.068 335.335.Share capital 2.753 10.97% 7.95% 92.391.Cash flow ratio 1.870.15 1. expense to profit before tax.00% 25.835 3.00% (6.33% 0.706.Net markup/interest margin (D1-D2)/C 3.548 3.041 29.700.22 29.79% 2.314 16.800 16.393 3.249 61.020 7.Reserves 3.809.946.073.193 0.350.027.972 3.Provisions and write-offs 5.867.190.92% 0.Cash dividend 3.09% 75.086.070 4.58% - - 5.35% 10.65 8.844 3.00% 58.438.604 6.288 3.64 6.936 3.646 4.Gross advances 6.29% 91.061 804.123.690 3.794 66.175.Capital ratio (A/C) 2.185.84% 0.Total deposit to total equity (B3/A) (times) J.64% 0.08% 2.981 4.Markup/interest expensed 3.Assets quality ratios 1.96% 70.Other items 1.321 3.04% 35.963.495 4.75% 68.361.548 3.874.706 2.010 4.585) 231.54 14.506 3.90% 68.187.998) 167.27 23.958 55.547 1.724.314.79% 12.545 3.51% 6.Stock dividend/bonus shares 4.467 68.760.247 1.226.Capital /leverage ratios 1.259 14.784.936 2.369 23.Profit/(loss) after taxation E.438.006 15.35% 59.Profit/(loss) before taxation 10.443 4.47% 64.837) 200.377 21.98% 1.146 30.226 185.960.233.Admin.399 100.57% 1.636.44 31.Total liabilities to total assets (B/C) 6.

782 165.960.574 151.555 12.039.Provision against NPL to NPLs (C7/C6) I.102) 339.806 917.78% 68.Break up value per share (A/E1) 4.337 7.34% 0.760.Provisions against NPLs to gross advances (C7/C5) 3.149.884 3.715 18.72% 85.802 3.361.Cash and balances with treasury banks 2.46% 7.293 0.65 1.736.543. liabilities C.527.040 (523.80% 55.424 13.255. expense to profit before tax.Cash dividend 3.550) (407.Deposits and other accounts 4.11 -1.882.093 455.04 0.679.367 982.431 1.176 1.Total liabilities(B1 to B4) 1.319.814) 45.64% 2.672 6.210 5.Others B.646 18.71% 83.00% 403.793) (594.295 1.72% 13.721.NPLs write off to NPLs provisions (D4/C7) 5.798) 33.141.994 3.66% 2.628 5.81% 57.218 602.Lending to financial institutions 4.761 0.06% 2.00% 0.76 0.41% 3.773 769.336 361.Share capital 2.972 0.06% 31.634 0.470 1.29% 25.894.271 1.54% 64.06% 1.273 392.Investments 5.) to total assets(D5/C) 7.922 537.29% 0.456 15.479) 4.77% 29.545.040 (930.920 1.496.79% 82.482.475.79% 8.260.43% 18.Cash flow ratio -18.14% 61.18% 0.00% 0.09% 1.926 9.847 7.Other/misc.360 13.174.Markup/interest expensed 3.620 7.276.536 6.086 27.067 3.Spread ratio (D3/D1) 2.61% 64.127.237.31% 5.10 28.398.No.633 2.18% 3.784.345 983.044.18% 55.74 0.815 (1.Advances-non-performing/classified 7.Provisions and write-offs 5.039.Cash generated from opration activities to profit after tax (E4/D10) (times) 47 7.504 129.965 127.11 -0.774 1.635 143.003 39.88 3.45% 48.64% - - 2.583.Net markup/interest income 4.Commitments & contingencies to total equity (E5/A) (times) 3.448.604 117.770 2.727 256.00% 0.627.16% 42.647 2.171.133.764.022 22.941 1.50% 25.Net markup/interest income after provisions 6.75 10.417.00% 1.029.791) 16.83 39.880.Stock dividend/bonus shares 4.329 1.211 6.54% 1.567 11.Return on equity (ROE) (D10/A) 4.167.00% 3.85% 2.247 672.652.285. (D8/D9) (times) 9.27% 81.898 245.192) 32.Gross advances to deposits (C5/B3) 7.Non-performing loan to gross advances (C6/C5) 2.00% 0.840 (622.524.09% 46.111.90% 28.064.803.00% 6.484 908.566 527.97 51.014 1.99% 35.Total deposit to total equity (B3/A) (times) J.791 566.040 71.Non-markup/interest income to total assets (D6/C) 6.883 2.680.106.07 31.08% 73.465 11.Gross advances to borrowing & deposit C5/(B2+B3) H.138.45 4.294.058) (669.906.492 5.00% 0.Liquidity ratios 1.735.64 17.084 8.992 5.753 136.89% 46.96% 10.Deposits to total assets (B3/C) 5.688 (52.589 1.Commitments and contigencies F.945 727.79 18.361 320.002.128.113 2.601.85% 2.502.240.643.Markup/interest earned 2.63 17.937 2.Advances net of provisions to total assets (C8/C) 4.721 20.94% 7.06 -1.31% 0.059 477.544 10.Non-markup/interest expense to total income D7/(D1+D6) 10.76% 44.Total liabilities to total assets (B/C) 6.83 9.203 1.Advances net of provision (C5-C7) 9.793 1.00 0.622.56% 9.341 1.65% 28.978 (642.450.974 1.94% 8.936) 3.Profit & loss account 1.20% 46.36 6.535.263 97.975.28% 2.375.Other/misc.405.Non-markup/interest income 7.963 491.767 2.Admin.655 15.03% -0.449 2.749 18.76% 70.559 7.Profit/(loss) after taxation E.81% 1.88% 27.563 612.857 3.564 9.410 26.Financial Statement Analysis of Financial Sector JS BANK LIMITED Items A.42% 42.902.846.534 537.179 481.351 1.05% 23.246.31% 68.147 13.19% -0.734.Markup/interest expense to markup/interest income (D2/D1) 8.678 1.01 0.653 3.644 9.383.736 2.Gross advances 6.800 40.079 3.61% 7.930 89.04% 3.54 47.Provision against advances 8.17% 2. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 5.Earning per share (D10/E1) G.115 21.46% 7.97 31.Profit/(loss) before taxation 10.752 977.Return on assets (ROA) (D10/C) 5.87% 8.247 492.625 3.18% 4.917 736.106 27.Non-markup/interest expenses 8.64% 26.356 418.820. expense to non-markup/interest income (D8/D6) (times) 11.928 52.03% 0.20% 45.50 40.593.18 3.220 857.383 864.328 1.72% 75.84% 0.709 720.Admin.16 2.484 20.433 814.883 949.586 772.130.20 60.12% 3.Capital ratio (A/C) 2.886.776.400.Net markup/interest income(after prov.453 6.351.26% 76.Cash & cash equivalent to total assets (C1+C2)/C 2.299.298.403 1.79% 35.51% 2.802 1.46% 59.55 -0.Reserves 3.225 54.744 (508.82% 3.605 18.884 23.562.300 266.Total assets (C1 to C4 + C8 to C10) 1.313.09 8.850 10.898.853.65% -0.033 5.17% 8.444 54.268.30% 74.Balances with other banks 3.56% 5.75% 0.527.Fixed assets 10.32 9.78% 2.66% 1.NPLs to shareholders equity (C6/A) 4.Administrative expenses 9.689.671) (1.Efficiency ratios/profitability ratios 1.252 2.895 513.Borrowings from financial institutions 3.Un appropriated profit 4.624 111.16% 71.709 9.34% -2.810.97% 2.374 2.701.Investment to total assets (C4/C) 3.25 -10.683 569.54 -4.694.24% 161.86% 67.443 32.Cash generated from operating activities 5.083 9.235 254.351 5.36 .00% (660.72% 14. of ordinary shares 2.161 1.49% -1.66 26.340 736.537 1.806.85 9.327.820.25% 2.Total equity (A1 to A3) 1.505.199 1.22 10.38% 29.03% 33.93 41.Bills payable 2.645 510.17% 34.Net markup/interest margin (D1-D2)/C 3.Capital /leverage ratios 1.625 35.93% 15.620 5.738 613.76 D.884) 3.109.06% 30.01 0.863.269 332.000.07 2.978.58% 1.Assets quality ratios 1.119.699 14.635 21.844 18.Other items 1.361 369.38% 1.49% 66.

99 7.408 484.16% 4.872 903.054.226) (2.766.Assets quality ratios 1.736 65.240.60 31.59 10.22% 84.21% 3.029.18% 56.Break up value per share (A/E1) 4.354.348 21.26% 0.52% 21.Other/misc.799.Provisions and write-offs 5.259 (1.888 5.636 950.969) 5.174.Markup/interest earned 2.310.58% 47.783 235.676 7.61% 55. expense to non-markup/interest income (D8/D6) (times) 11.317.153 1.562 197.86% 4.19 10.28% -0.727 (7.121 2.477 993.457 3.50% 91.272.276.789) 21.04 24.Advances net of provision (C5-C7) 9.305) 310.46 10.120.Deposits and other accounts 4.355.711.727.07% 2.862 0.508.149 35. of ordinary shares 2.02% -1.296.617.Markup/interest expense to markup/interest income (D2/D1) 8. (D8/D9) (times) 9.12 0.Cash generated from operating activities 5.745.00% 11.Gross advances 6.497) 1.Advances-non-performing/classified 7.292 9.582.12% 77.924.00% 9.95% 3.07 12.536 3.849.408 2.95 32.375.06% 22.448.04% 39.00% 0.53 -2.032 (1.468 19.940.803 29.209.988) (5.Markup/interest expensed 3.169.32% 17.Non-markup/interest expenses 8.07% 66.758 4.501 3.106.Balances with other banks 3.Non-markup/interest expense to total income D7/(D1+D6) 10.95 10.Un appropriated profit 4.80% -0.624 360.Total deposit to total equity (B3/A) (times) J.Cash flow ratio 1.960 2.88% 1.077) (4.050 3.Cash & cash equivalent to total assets (C1+C2)/C 2.821 541.425 622.08% 14.850 7.80% 61.05% 0.70% 95.138.07 -4.82% 91.Net markup/interest income after provisions 6.Cash dividend 3.NPLs to shareholders equity (C6/A) 4.582.52% 78.Deposits to total assets (B3/C) 5.86 49.Total liabilities(B1 to B4) 1.617 151.764) 1.00% 0.Borrowings from financial institutions 3.30% 40.Liquidity ratios 1.Non-markup/interest income 7.257.15% 168.381 631.508.061 2.386.473.487.287 (5.014.51% -0.200.95% 495.489 0.Financial Statement Analysis of Financial Sector KASB BANK LIMITED Items A.196 2.07 3.No.053.948 3.707 (448.599.77% 21.033.Provisions against NPLs to gross advances (C7/C5) 3.49% 2.360 4.366.54 -0.87 10.423 55.622 35.306 40.446 4.941 769.862 1.895 807.287 (974.42 -8.Capital ratio (A/C) 2.904 9.64% 56.520.909.436.69% 24. expense to profit before tax.810.62% 74.384 4.930.787.250 401.905 2.541.993.440 412.371) 14.Profit/(loss) before taxation 10.Administrative expenses 9.44% 16.859.798.63% 2.Net markup/interest margin (D1-D2)/C 3.498 73.069.23 4.60% 21.37 D.978) 615.759.97% 108.27% 7.28% -0.65% -2.Cash and balances with treasury banks 2.788) 6.30% 10.087.223.693 4.19% -3.45% 76.Investments 5.344 2.580.400 4.604 2.Capital /leverage ratios 1.425 (5.143.555 1.Non-markup/interest income to total assets (D6/C) 6.Other items 1.890 151.24% 100.196.588.25% 62.19 4.674 4.Gross advances to borrowing & deposit C5/(B2+B3) H. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 3.008 2.923 39.158.76% -0.199) (972.03% 89.Earning per share (D10/E1) G.287 (7.15% 84.05% 110.06 0.805.19 6.152 1.91% - - 32.773 849.Total liabilities to total assets (B/C) 6.89 57.40 0.052) 1.916.00% (199.Non-performing loan to gross advances (C6/C5) 2.99 -7.Bills payable 2.795.171.890.26% 27.499 60.863.21% -0.62% 128.072.Lending to financial institutions 4.) to total assets(D5/C) 7.22% 34.138.131.86 -2.098 1.59 6.875 26.041 6.Fixed assets 10.86% 48.999.314 9.591 1.86% 6.811) 1.74% 64.82% -3.Others B.125.162.094.596) 69.146.989.Profit/(loss) after taxation E.08 -2.973 34.930 30.142 (10.645 46.460 58.046.00% 1.285.576) 1.507.345) 4.111.Gross advances to deposits (C5/B3) 7.Cash generated from opration activities to profit after tax (E4/D10) (times) 48 .250 29.420.74% 82.461 955.46% 230.693.093 556.389 4.879 5.29 9.963 212.04 3.Total assets (C1 to C4 + C8 to C10) 1.83 6.66% 1. liabilities C.Other/misc.68% 3.15% 4.164.696 7.862 0.748 1.55% 0.245.48% 2.047.822.580 879.66% -0.27 -3.617 162.364 1.016.991.615 25.000 12.191.353 4.861.69 7.796.224 36.76% -0.00% (3.602 5.654 32.41 -4.57% 84.731.379 2.92% 4.02% 78.290 (2.569.938 (1.Return on equity (ROE) (D10/A) 4.864.219 950.557.24% 67.976 418.Share capital 2.318.675 1.540 35.596 13.694.36% 94.943 5.524.807 33.728 55.566 5.904 1.Commitments & contingencies to total equity (E5/A) (times) 3.886 891.455 9.751 10.30 -1.17% 21.85 2.683 15.749) 5.Net markup/interest income(after prov.886.205 61.Advances net of provisions to total assets (C8/C) 4.Total equity (A1 to A3) 1.Return on assets (ROA) (D10/C) 5.520 6.917.91% 23.60% 12.768 3.48 49.971.972 51.Investment to total assets (C4/C) 3.579 4.Profit & loss account 1.Admin.398 7.066 8.617 30.966.300.572 3.190.839 (10.95% 4.534 18.42% 1.591 217.Spread ratio (D3/D1) 2.34% 17.703 35.037.992 1.093 9.987 821.768 1.24% 100.74% -0.307.45% 1.001.277.696.02% 18.851.11% 20.Admin.96% 5.587 2.039 (3.49% 0.477 12.008.21% -0.Provision against NPL to NPLs (C7/C6) I.027.52 -4.054) 1.49% 81.Stock dividend/bonus shares 4.Efficiency ratios/profitability ratios 1.85% 52.64 8.184) (2.01% 1.153.778 7.632 59.766 386.363.Provision against advances 8.118 42.94 -1.04% 71.841.607.140 43.606.34% 79.30% 1.848 40.NPLs write off to NPLs provisions (D4/C7) 5.508.947 2.265 (3.08% 1.804.073 1.978 151.85% 51.454.698 0.413.950.64% 1.Reserves 3.514 7.00% 0.636.479 1.663.213 5.250.94% 76.499 10.Commitments and contigencies F.835) 971.Net markup/interest income 4.807.858.520 284.26% 49.058.

321.Borrowings from financial institutions 3.754.78% 59.428.670 9.33% 8.484.750 9.Total liabilities to total assets (B/C) 6.499 21.51% 28.287 3.865 6.Non-markup/interest expenses 8.581.794.10% 0.619.663.463.299.99 3.963 5.71% 0.62% 75.245.956.28 6.Provisions and write-offs 5.768 36.034.551.406.791.Cash flow ratio 1.Deposits to total assets (B3/C) 5.88% 1.13% 6.248.665.597 836.Non-performing loan to gross advances (C6/C5) 2.632.098.738 22.005.74% 0.179.631.051 20.Other/misc.76% 33.450 32.Cash generated from opration activities to profit after tax (E4/D10) (times) 49 .684.Total liabilities(B1 to B4) 1.181.387.72% 1.034 23.08% 24.412.079 96.644 15.291 5.52 83.100.90 6.24 2.853 11.537 25.483 628.546.120.99% 8.765 9.Break up value per share (A/E1) 4.705.29% 1.983 248.282.051.Cash & cash equivalent to total assets (C1+C2)/C 2.Non-markup/interest income to total assets (D6/C) 6.241.711.30 24.468 22.276 115.810.084 4.92 23.225.259 656.34 3.069.01% 0.20 65.25% 0.Markup/interest earned 2.44 19.723 16.621.47 85.856.235.45% 70.130.636 16.418.78% 7.402 8.83% 85.121 24.87% 73.96% 1.282.Advances net of provisions to total assets (C8/C) 4.818 39.598 8.Markup/interest expensed 3.543.903 564.Reserves 3.201.088 367.496 26.30% 9.Liquidity ratios 1.299 213.598 16.482.29 3.840 330.045 38.049 376.64% 0.011.365 42.06 12.193.850 10.066 13.20% 0.772 10.36% 83.Un appropriated profit 4.38% 65.602.11% 37.929.511 31.264 1.51 23. liabilities C.237.807.638 5.107 570.873 22.30% 1.Investments 5.123 17.Commitments & contingencies to total equity (E5/A) (times) 3.768 34.372 113.83% 10.89% 8.91 93.911.55% 53.673 8.295.559.842 10.83% 82.597.Other/misc.35 18.128.NPLs to shareholders equity (C6/A) 4.019 68.191.345 511.874 272.538 392.65% 69.904 39.Administrative expenses 9.36% 6.371 6.Advances-non-performing/classified 7.065.Profit/(loss) after taxation E.69 6.868.Provisions against NPLs to gross advances (C7/C5) 3.12% 49.Share capital 2.731 71.100.560.466.47% 1.Provision against advances 8.Cash dividend 3.33% 5.64% 77.215.95% 7.867.027.107 628.97 91.146.804 75.40% 74.518 4.887 410.49% 71.Capital ratio (A/C) 2.308.Other items 1.52% 46.647 269.327.835.Return on equity (ROE) (D10/A) 4.45% 100.831 292.821.581 44.000 169.874.678 691.670.878 21.721.031.631.798 24.620 2.000.458.63% 63.Non-markup/interest income 7.089.Bills payable 2.746.993 3.26% 5.372 36.62% 28.526 23.43% 8.70 72.57% 59.06% 4.442 225.24 2.740 28.774.Total deposit to total equity (B3/A) (times) J.146 15.12% 6.615 44.472.624 21.Deposits and other accounts 4.67 67.52% 18.Net markup/interest margin (D1-D2)/C 3.479.869 165.82 12.786.024.416 21.909 439.49% 1.Assets quality ratios 1.79% 0.058 39.418 955.960.15% 34.022.615.82% 44.13% 5.595 7.261 229.593 431.308 10.Lending to financial institutions 4.365 18.761 52.462 10.Balances with other banks 3.Commitments and contigencies F.325 56.46% 5.33 5.180 26.43% 86.Financial Statement Analysis of Financial Sector MCB BANK LIMITED Items A.583.566 15.401.12% 7.429 10.642 13.911 15.977.16% 86.876 6.403 54.381.82% 44.736 10.23% 30.664.44% 0.Net markup/interest income(after prov.67% 0. of ordinary shares 2.135.62% 6.34% 71.16 6.24% 34.000.265.480 136.600 51.333.46% 18.022 488.565.470 17.653.237 1.Spread ratio (D3/D1) 2.30 71.265.322.Stock dividend/bonus shares 4.414.259.441.31% 5.25 3.357.Advances net of provision (C5-C7) 9.150 40.NPLs write off to NPLs provisions (D4/C7) 5.45% 0.157.Profit/(loss) before taxation 10.883 3.No.26% 6.Markup/interest expense to markup/interest income (D2/D1) 8.57% 78.Cash generated from operating activities 5.519 1.732.94% 1.855 262.Gross advances 6.099.332 6.769 253.Net markup/interest income after provisions 6.502 9.013.043.00% 2.471 21.Efficiency ratios/profitability ratios 1.85% 21.509.163.23% 37.24 14.374.36% 79.277 1.269 5.91 22.99% 0.517 39.60% 34.Provision against NPL to NPLs (C7/C6) I.654.82% 32.35% 2.656 17.774.588 30.32 12.829.04 96.60% 27.204.82% 6.847.Profit & loss account 1.959.Gross advances to borrowing & deposit C5/(B2+B3) H.25% 1.10% 124.090 44.871 6.Earning per share (D10/E1) G.192.035 15.476 63.Total assets (C1 to C4 + C8 to C10) 1.902 23.440 8.782.971.782 19.481.214.04% 50.768.05 0. expense to non-markup/interest income (D8/D6) (times) 11.68% 0.844 274.590 7.Investment to total assets (C4/C) 3.105 7.164.772.406.725.Total equity (A1 to A3) 1.449 10.747.912 10.10% 78.Non-markup/interest expense to total income D7/(D1+D6) 10.043.365.519 355.324.407.244.562 40.057.Admin.Admin.172 4.43 D.062 3.122.00% 61.Gross advances to deposits (C5/B3) 7.Fixed assets 10.) to total assets(D5/C) 7.80% 8.781 215.87% 0.878 38.614 40.06% 1.787 27.78 22.83% 0.08 10.302.801.019.43 11.733 19.260 17.011 6.105 1.00% 58.174 218.087 319.010 23.837 7.02% - - 23.47 21.824 11.215 0.Cash and balances with treasury banks 2.806 24.45% 48.76% 11.485.88% 0.48 6.395 12.189 385.156 6.00% 10.984.Net markup/interest income 4.11% 36.75% 9.483.918 443.198 81.Others B.683.83% 86.362.741.077.Capital /leverage ratios 1.321 36.349.807 19.863 45.238. expense to profit before tax.387.670.921.100 4. (D8/D9) (times) 9.592.366 23.117 33.Return on assets (ROA) (D10/C) 5.860.60% 85.84 24.533 23.865.79% 4.662.06 4.075 18.317.061.263.91% 16.13 4.09% 74.807 53.551.899. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 45.777.00% 32.267 5.42% 0.335 254.354 3.024 760.583.242 31.627 491.265 18.

47% 81.186 35.137.317 9.113.18% 44.949.515 4.195 2.088.190 44.00% 3.339 673.320.29% 7.46 30.72% 37.98% - - 9.22% 3.73% 0.Return on assets (ROA) (D10/C) 5.Cash and balances with treasury banks 2.541 679.Investments 5.35% 0.526.644.54 7.641.Gross advances to borrowing & deposit C5/(B2+B3) H.028 492.386 57.119) 79.242 12.82% 7.42% 49.Balances with other banks 3.51% 1.341.66% 36.528.395 108.002 13.387.32% 30.752 2.528.963 2.Bills payable 2.116.164.784 67.Financial Statement Analysis of Financial Sector MEEZAN BANK LIMITED Items A.262.847.17 17.495 1.Other items 1.22 1.349 6.511.44% 8.443.Provisions and write-offs 5. expense to profit before tax.455 1.925.961 845.986 2.302 8.199 1.309 4.420 15.219.Non-markup/interest income 7.713.544 41.178. (D8/D9) (times) 9.180 2.673.84% 8.908 4.486 5.00% 0.192.47% 6.61% 1.228 (13.803.494 6.87 11.52% 45.08 7.51% 53.960 170.10 0.67% 64.851.681.Deposits to total assets (B3/C) 5.20% 7.982.58% 0.Provisions against NPLs to gross advances (C7/C5) 3.09% 40.734 871.Profit/(loss) before taxation 10.12% 3.85% 89.238.28% 33.09% 0.353 3.78% 1.Net markup/interest margin (D1-D2)/C 3.763.997.606.276.533 7.92% 8.Commitments & contingencies to total equity (E5/A) (times) 3.187 10.249.897 17.001.383.678.Net markup/interest income(after prov.Other/misc.Investment to total assets (C4/C) 3.779.Cash flow ratio 1.Return on equity (ROE) (D10/A) 4.028 3.075 4.Advances net of provision (C5-C7) 9.550 1.60% 4.190 56.518 4.697 3.635 3.34% 17.16 6.851.968 2.778 8.16% 0.75 5.370.09% 8.Provision against advances 8.Lending to financial institutions 4.843 5.30 2.16 1.188 963.65 36.070 5.710 1.24% 2.13% 42.057 377.Cash dividend 3.301.624 1.Net markup/interest income 4.182.949.Cash & cash equivalent to total assets (C1+C2)/C 2.82 11.254) 61.Fixed assets 10.527.65% 37.86% 1.18% 1.Earning per share (D10/E1) G.39 12.99% 57.331.Non-markup/interest income to total assets (D6/C) 6.81 15.42% 33.63% 0.495 201.Gross advances 6.200 3.331.032.566 114.957.606 54.28% 92.057.057 802.74% 121.Break up value per share (A/E1) 4.406 99.067.Borrowings from financial institutions 3.393 2.40% 2.370 5.104 46.017 4.966 11.311 621.76 10.699 40.412 6.088 2.417 6.72% 10.NPLs to shareholders equity (C6/A) 4.542 64.34% 1.189 39.573.000 10.596 0.304.747.90 12.434 186.471.18% 7.074.656 2.01% 2.263.16 2.731 1.281.501 6.908 2.80% 1.274 73.32% 31.255 0.029.666 4.785 1.962 2.108.43% 2.36% 92.51% 64.370 5.Deposits and other accounts 4.559 707.549 8.354.761 1.969.022.098.274 4.448 5.13% 47.005 0.282.522 5. of ordinary shares 2.034.092 1.90 31.051 3.Cash generated from opration activities to profit after tax (E4/D10) (times) 50 .626.Total deposit to total equity (B3/A) (times) J.008.50 31.55 54.213 3.723.846.899.404.68% 51.341 34.576.88% 19.28% 31.893 1.Total equity (A1 to A3) 1.045 9.163 1.276.12% 1.519.910 3.39% 3.25% 5.23% 8.465.408 2.Profit & loss account 1.829.359.53% 92.Others B.920 3.Advances-non-performing/classified 7.146 53.Admin.019 4.411.810.21 16.347.095.55% 65.528.Efficiency ratios/profitability ratios 1.707.61% 14.501.344.755.36% 0.121.17 1.36 18.899 1.163 3.53 D.687.52 46.72 51.637.675 1.767.72 3.00% 0.022 570.235.626.22% 84.704 85.000 14.Reserves 3.603.Provision against NPL to NPLs (C7/C6) I.339 1.Gross advances to deposits (C5/B3) 7.855 50.082.017.55% 1.956 396.13 9.Capital ratio (A/C) 2.425 100.290.156 2.334 3.326 3.582.105.492 3.850.095 665.Non-markup/interest expenses 8.86% 44.237 158.233.665.896 1.097 4.746.532.25% 91.372 125.695 146.735.35% 82.NPLs write off to NPLs provisions (D4/C7) 5.121.974 18.00% 9.Administrative expenses 9.814.722 16.00% 35.70% 2.437.228 8.05% 14.964.647.Cash generated from operating activities 5.782 18.18 7.34 8.559 5.249.405 1.021.089.065.318.Share capital 2.284.38 29.59% 69.63% 53.Spread ratio (D3/D1) 2. liabilities C.626.899.) to total assets(D5/C) 7.667.17 1.36% 2.719.49% 8.993 0.995.569 6.764.714.26% 9.26 50. expense to non-markup/interest income (D8/D6) (times) 11.709.114 (366.757 10.73 2.000 56.903 1.812 8.20% 1.720 4.12% 3.990 0.85% 54.879 717.880.Assets quality ratios 1.87% 49.Admin.10% 0.No.320 2.Liquidity ratios 1.649.Profit/(loss) after taxation E.321.851 698.649.58% 61.048 1.210 8.95% 15.458 6.792 5. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 5.Total assets (C1 to C4 + C8 to C10) 1.875 24.784 435.Total liabilities to total assets (B/C) 6.897 720.76% 38.496 70.606 992.780.006.676.282 1.612 553.011 12.719.22 7.80% 35.00% 82.415.236.046.Stock dividend/bonus shares 4.911 115.593 1.79 13.951 9.51% 9.955.Un appropriated profit 4.67% 57.Capital /leverage ratios 1.Markup/interest expense to markup/interest income (D2/D1) 8.341.729.Other/misc.70 15.57% 8.323 3.Markup/interest earned 2.441 9.593.18% 60.597 4.88% 4.Non-markup/interest expense to total income D7/(D1+D6) 10.810.160 2.269.71 1.Non-performing loan to gross advances (C6/C5) 2.451.123.685.486.Markup/interest expensed 3.296 131.Advances net of provisions to total assets (C8/C) 4.81% 34.875 4.83% 3.933 2.135.45% 114.359.03% 46.80% 48.135 58.585 4.496.Commitments and contigencies F.94% 91.273 34.650.163 2.535.996 7.69% 2.23% 79.82% 4.888 1.435 3.54% 29.44 14.Total liabilities(B1 to B4) 1.Net markup/interest income after provisions 6.40% 9.

523.Other/misc.35% -0.698 60.NPLs to shareholders equity (C6/A) 4.498.Stock dividend/bonus shares 4.111.863 19.671.34% 78.934 99.648 140.Administrative expenses 9.Net markup/interest income 4.68% 57.426 37. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 22.17 18.362.29% 85.01% 2.81% 93.85 46.81% 2.318.017.824 (12.94% 71.341 208.715.Admin.875 9.071 691.083 98.63% 56.16% 30.089.422 47.96% 2.41% 3.823.Provision against NPL to NPLs (C7/C6) I.37% 45.194.Cash and balances with treasury banks 2.84% 3.97% 57.976.Profit/(loss) after taxation E.No.18 0.978.167 9.75% - - - 58.593 6.51% 66.746.002) (9.767 13.209.691.512 218.539 74.009.18% 15.88% 101.Non-markup/interest income 7.507.879 103.166 50.56 38.043.816 4.006 1.28% 0.722 1.511.797 0.011 7.326.Advances net of provisions to total assets (C8/C) 4.193 3.044 1.760) 14.412 116.Provisions and write-offs 5.79% 69.437.Non-markup/interest expense to total income D7/(D1+D6) 10.Other items 1.027) 166.590.83% -1.271 8.21% 3.204 40.16 16.641 154.893) (115.Financial Statement Analysis of Financial Sector NIB BANK LIMITED Items A.066 8.003 7.776) 1.Total assets (C1 to C4 + C8 to C10) 1.26 -4.862.45% 8.Advances-non-performing/classified 7.Gross advances to deposits (C5/B3) 7.489.724 29.727 0.Net markup/interest income(after prov.Commitments & contingencies to total equity (E5/A) (times) 3.316 10.Fixed assets 10.582 23.271 8.009) (2.164.632 40.262 82.861.Cash generated from opration activities to profit after tax (E4/D10) (times) 51 .322.Deposits and other accounts 4.30 2.463 59.006.63% 22.30% -1.738.464.800.135 6.809.525) 2.104 793.66% 44.789) (7.92% 7.989.355.789 455.540.366 104.Assets quality ratios 1.557) 15.426.992.421.025.017 (7.00% 0.122 (1.653.Markup/interest expense to markup/interest income (D2/D1) 8.NPLs write off to NPLs provisions (D4/C7) 5.679) 18.361.209) 141.50% 40.586.643.703 18.211 16.794.061.241 6.70% 2.250.44 -0.028.459.90% 1.Cash generated from operating activities 5.Un appropriated profit 4.508 2.329 4.997.00% 21.365 93.691 10.805 8.067.876 8.392) 13.48% 35.27% 3.772) 152.003. liabilities C.940.281 1.86% 39.836 139.933.834.115 9.404 10.401.778.20% 0. expense to non-markup/interest income (D8/D6) (times) 11.672.02 0.Cash & cash equivalent to total assets (C1+C2)/C 2.Non-markup/interest income to total assets (D6/C) 6.963 8.041 84.594.207 62.995.851 1.Break up value per share (A/E1) 4.711.888 4.Reserves 3.159 (571.894 (7.63% 1.912.32% 60.386 22.58 39.961 2.Profit & loss account 1.074 30.242.34% 0.467.681.Efficiency ratios/profitability ratios 1.Borrowings from financial institutions 3.38 31.Other/misc.Markup/interest earned 2.400.823 97.370 2.836.211 34.786.924 10.825.Return on assets (ROA) (D10/C) 5.89% 6.350.341 1.219 4.97 10.432.63 29.38 5.919. of ordinary shares 2.736 150.07% 10.774 7.00% 7.302.17% 439.560 14.29% 79.706.47% 63.02 -0.24% 69.201.Gross advances to borrowing & deposit C5/(B2+B3) H.34 -0.336 13.827 4.283) 10.59% 0. (D8/D9) (times) 9.583.528 176.40 14.113 2.Non-markup/interest expenses 8.333.757 15.958 164.Cash dividend 3.66 -2.Total liabilities to total assets (B/C) 6.21% 2.955 2.36% 69.30 26.21 10.482.29% 1.46% -0.79 -2.422) 2.27% 81.493 42.Others B.557.002.657.799.53% 6.Gross advances 6.894 (41.249.892.494.968 719.31% 17.Investments 5.17% 98.37% -3.65% 14.Admin.144.210.727 42.332.363 12.204.064.400 (5.Liquidity ratios 1.47 10.33% 2.32 1.437.545 55.241 10.201.00% 28.05% 106.613 2.00% 40.93% 46.03 -1.041.126 1.796 4.406 3.Provision against advances 8.) to total assets(D5/C) 7.85% 63.18% 1.Balances with other banks 3.Bills payable 2.Non-performing loan to gross advances (C6/C5) 2.439 5.Spread ratio (D3/D1) 2.13% -0.10% 12.684 (7.Cash flow ratio 1.810 (143.271 8.084 23.75 -3.582 (3.486.702.Earning per share (D10/E1) G.094.999.031 85.Share capital 2.048 16.272.335.121 12.382.195.155.Commitments and contigencies F.23 -5.43 -22.00% 6.990 178.015.207) (350.160.60% 14.Total deposit to total equity (B3/A) (times) J.26 4.288 80.468 23.683.437.627.757.433.872.85 41.960 7.16 28.298 142.00% 0.29% 24.055.23% 91.05% 75.933 1.864.21% 91.783 5.457 15.161.677 1.118.429.46% 77.068 123.651.11% 30.176.741 7.47% 27.351 84.969.01% 30.549.55% 2.961) 5.307 644.82 1.255.401.05% 79.44% 5.840 92.114.33% 0.666.887 62.336.34% 1. expense to profit before tax.20 3.Deposits to total assets (B3/C) 5.727 0.02% 70.51 26.26 5.843 12.472.275 3.345.00% 0.169 93.722.006.Net markup/interest margin (D1-D2)/C 3.132 598.890.70% 1.610.276 (43.04% -5.Capital /leverage ratios 1.Total equity (A1 to A3) 1.Capital ratio (A/C) 2.751.464.82% 42.123 34.681.29% 71.Markup/interest expensed 3.80% 19.187 4.252.801 509.113 40.513 2.Net markup/interest income after provisions 6.884 5.672 28.67% 19.272 40.492.65 -2.918 47.258.91% 58.61 20.357 5.Provisions against NPLs to gross advances (C7/C5) 3.720.55% 0.79% 2.56% 99.753.225 28.890 4.909.474.29 D.Profit/(loss) before taxation 10.621 35.00% 0.977 100.432.952.586.481 16.573.072 6.Return on equity (ROE) (D10/A) 4.607 1.505.20 6.574.23% 68.95 12.Lending to financial institutions 4.771 2.105 41.474 2.833 5.515 16.718 1.247 6.57% 37.568.35% -2.909) (46.526 3.Advances net of provision (C5-C7) 9.584 2.110.099.51% 45.31% 55.021.077.48% 101.81% 7.13% 80.669.71% -0.25 1.043.Total liabilities(B1 to B4) 1.843.18% -4.000.Investment to total assets (C4/C) 3.344.979.302.00% (16.

322.39% 1.327 903.408.997 2.068.535 12.03 33.441.141.251 17.56 26.00% (3.071.320) 2.97% 52. liabilities C.258 92.Gross advances to deposits (C5/B3) 7.94% -1.01% 2.02% 36.Lending to financial institutions 4.389.19% 55.446.557.35% 39.Provision against advances 8. (D8/D9) (times) 9.273 1.461.313.57% 2.84% 32.Reserves 3.016.182 55.644.Cash flow ratio 1.Non-markup/interest expense to total income D7/(D1+D6) 10.Financial Statement Analysis of Financial Sector SAMBA BANK LIMITED Items A.925 7.113 854.Return on assets (ROA) (D10/C) 5.17% 1.528 374.669.78% 48.16 2.16 5.93% 22.58 6.Advances net of provisions to total assets (C8/C) 4.336.949 9.34% 100.929.921 837.517 43.442.68 43.711.Fixed assets 10. expense to profit before tax.001.Total liabilities(B1 to B4) 1.062.97% 56.936.912 3.651 876.611 12.275 1.50% 0.856 876.415.157.515 876.Admin.81% 8.734.51 39.14% 96.) to total assets(D5/C) 7.255 14.81% 70.653 1.39% 17.723.605.048 1.94 40. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 6.388.69% 34.252.Balances with other banks 3.689 1.330.786 1.87 26.354 8.299 2.Profit & loss account 1.004 14.039 1.176) 11.463.Commitments & contingencies to total equity (E5/A) (times) 3.57 2.906 1.37% 3.120 1.321 2.Provision against NPL to NPLs (C7/C6) I.325 4.NPLs to shareholders equity (C6/A) 4.17 5.663.468.311) 1.410 2.81% 64.938 568.994 14.03% 24.511.578 15.829 12.Advances net of provision (C5-C7) 9.65 70.077 (1.250.848 30.27% 60.302 1.01% 4.17% 19.99% 84.67% -0.62% -2.06% 4.883 30.123.284 12.476.433.377 5.441) (742.Deposits to total assets (B3/C) 5.371 31.829.Deposits and other accounts 4.883.205.655.032 17.633 918.Investment to total assets (C4/C) 3.79% 124.12 -2.192.50% 0.333 17.871.747.877 1.466 78.Net markup/interest income(after prov.386 891.641 8.24 1.952 0.978.527.77% 38.619.559) (10.770 14.Provisions against NPLs to gross advances (C7/C5) 3.298.81% 12.Non-performing loan to gross advances (C6/C5) 2.056. of ordinary shares 2.16% -0.693.02% 99.280 707.79% 22.905 2.Bills payable 2.Total deposit to total equity (B3/A) (times) J.734 321.438 2.769.218.575 331.321 200.06% 35.80 20.53 -42.86% 30.292 1.72% 15.148.204 1.334.412.76% 2.94 -1.073.725) 128.54 1.952 0.53% 56.126 961.00% 0.05% 3.44 80.769 239.Other items 1.608 2.00% 4.186 1.83% -0.Commitments and contigencies F.297 954.105.952 0.26% 6.517 43.14 0.520.65% 2.892) 1.569.947.Un appropriated profit 4.00% 0.243 1.09% - - - 38.67% 96.40% 73.961.201 4.758.422 23.40% 0.88% 103.537 672.454.859.Efficiency ratios/profitability ratios 1.09 2.011.Capital ratio (A/C) 2.148 7.384.090.889 1.806 1.511 430.56% 55.47% 40.235 (1.011 1.11% 0.777 (579.350.473 0.163.177 5.71% 23.005 3.57% 7.137.22% 69.606.577) 22.594) 3.Non-markup/interest income to total assets (D6/C) 6.00% 6.39% 1.590. expense to non-markup/interest income (D8/D6) (times) 11.413 2.008 1.894 236.No.003.75% 0.49 -11.619.372.10% 30.347) 9.453.547) 29.857 669.82% 97.003 11.Capital /leverage ratios 1.Other/misc.307 686.112.054 8.393.82% -0.Share capital 2.Others B.14 -4.Investments 5.679) (1.759 6.410.697 312.34 7.54 -10.609.934.717 20.00% 5.397 1.Cash generated from operating activities 5.845 1.080 (2.50% 0.334.08 42.545 152.343.Non-markup/interest income 7.26% 4.74% 74.383 16.840.87% 87.330 8.308 3.034.Cash generated from opration activities to profit after tax (E4/D10) (times) 52 .734 43.383 (6.053) 2.Advances-non-performing/classified 7.Gross advances to borrowing & deposit C5/(B2+B3) H.67 5.39% -0.18 54.Total assets (C1 to C4 + C8 to C10) 1.Profit/(loss) before taxation 10.33% 56.169 125.25% 14.99% 6.957 29.456.613 18.83% 9.Earning per share (D10/E1) G.208.09% 3.348 8.28% 83.869 345.585.49% 4.Other/misc.98 5.195.Gross advances 6.769.65 -0.336 774.Total liabilities to total assets (B/C) 6.23% 11.918.03 0.Return on equity (ROE) (D10/A) 4.22% 5.306 59.Markup/interest expensed 3.025.19% 98.80% 66.769.565.Spread ratio (D3/D1) 2.374.511.Cash dividend 3.943.169 2.144 1.Stock dividend/bonus shares 4.611 63.734 90.97 -5.593.956) (16.05% 1.948 1.080 (3.341 46.64% 57.052 924.497 23.089.543.905 14.54 -0.986) 2.433.831.459 9.89% 4.295 2.406.84% 50.658.23% 37.00% (2.16% 0.726.889 (1.534.Assets quality ratios 1.81% 33.Markup/interest expense to markup/interest income (D2/D1) 8.63% -11.172.320 1.352.878 182.Markup/interest earned 2.004 1.Net markup/interest income after provisions 6.32 80.58% 78.626 1.Break up value per share (A/E1) 4.Cash and balances with treasury banks 2.201 2.296) (119.10 D.411 1.487.473 0.360 2.878.080 (3.996.10% 18.Net markup/interest margin (D1-D2)/C 3.02 -0.26% 13.807.35 -0.12% 9.836 3.873 (130.NPLs write off to NPLs provisions (D4/C7) 5.16% 68.38% 59.11% 22.75% 70.127 3.182.Administrative expenses 9.705 529.881 6.424) (593.Net markup/interest income 4.Borrowings from financial institutions 3.Cash & cash equivalent to total assets (C1+C2)/C 2.00% 0.39% 6.432 921.442 115.Total equity (A1 to A3) 1.347 16.Liquidity ratios 1.224 1.080 (6.349 437.429 1.00% 0.267) (14.Admin.85 35.949 9.70 2.Provisions and write-offs 5.087.72% 61.483) 14.00% 0.Profit/(loss) after taxation E.599 1.972 1.384 803.Non-markup/interest expenses 8.517 43.143 2.35% -1.277 8.21 -6.195 1.

Reserves 3.297 196.322 3.664.537 8.Break up value per share (A/E1) 4.022.629.67 -2.150 218.320.35% 55.365.428 8.100.00% 8.01% 80.19% 71.78% 5.17% -0.00% (2.846 3.091 2.905 9.450 4.040.Financial Statement Analysis of Financial Sector SILKBANK LIMITED Items A.524 89.125 55.094 11.853 4.187.089.805 8.95 18.Investments 5.031.71% 58.66 3.Profit/(loss) before taxation 10.Other/misc.565.775.116 359.924.94% 74.063 500.06% 0.Share capital 2.68 39.Other/misc.57% 19.142 94.Capital ratio (A/C) 2.454. expense to profit before tax.20 38.225.376.003.354.29% 91.695 8.605 0.24 9.136.106 44.) to total assets(D5/C) 7.709) 1.08 8.669.317 (3.131.120.268) 5.179.Borrowings from financial institutions 3.009.317 5.65 40.460.942 5.883 3.02% -0.69% -2.141 55.716.926.Balances with other banks 3.27 3.75% 1.747.05% 13.373.431.019 31.Total equity (A1 to A3) 1.03 4.00% (10.443.710 1.880.22% 78.150 224.367.53% 1.131.65 -3.Gross advances to borrowing & deposit C5/(B2+B3) H.800.00% 19.374 26.00% 6.500.Net markup/interest income 4.901 369.003.301 900.093 3.946.519) (13.29% 68.08% -14.358.670 51.341 3.706.436.528 849.880 151.510 1.911 10.37 5.00% 0.14% 63.252 637.991 839.546) (1.Administrative expenses 9.Gross advances to deposits (C5/B3) 7.34% 19.201 18.067.119.246 53.Non-markup/interest income 7.187 2.284 68.972 2.845.74% 2.093 (1.175 0.43% 23.25% 97.87% 73.392 12.299 4.Deposits to total assets (B3/C) 5.037 228.17% 27.601 (1.225 7.035) 85.894) 1.427) 67.277 4.039.64% 29.770 1.Advances net of provision (C5-C7) 9.233 38.083 49. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.230 24.067 190.012.769 5.15 -3.Non-performing loan to gross advances (C6/C5) 2.686 64.608 6.988.781.71% 5.315 80.799.11% 93.045 1.456 17.Capital /leverage ratios 1.602 15.94% 48.440.604 32.048 0 (13.514.Admin.69% 4.070.498.22 12.570.871.48% 1.Stock dividend/bonus shares 4.218.640 55.754 13.93% 4.671.444 (2.068 1.66 -0.835.154) 8.Net markup/interest income(after prov.555) 662.188 1.708 20.732 (2.69% 2.800 2.410 13.29 0.NPLs to shareholders equity (C6/A) 4.279 4.78% 86.Earning per share (D10/E1) G.517 57.398 1.00% 0.315 0.Markup/interest earned 2.67% -2.459) (2.78% 92.70% 23.891.13% 55.62% 0.540.144.663.180 4.83 D.449 42.707) 776.030.Cash and balances with treasury banks 2.28% 48.645.95% -0. (D8/D9) (times) 9.309.75% 72.069) 18.834.38 23.000 8.Bills payable 2.01% 76.162.132.41 0.329 40.846 25.980) 13.235.Provisions against NPLs to gross advances (C7/C5) 3.Advances-non-performing/classified 7.750 218.480.414.190.605 0.76 -5.642.272.Others B.184 66.001.359 3.087.77% 0.940.371 7.630 1.59% 55.171 13.Assets quality ratios 1.079.100.15% 61.720 90.Markup/interest expense to markup/interest income (D2/D1) 8.114 620.Commitments and contigencies F.15 20.187 2.184.825 1.Gross advances 6.Non-markup/interest income to total assets (D6/C) 6.66% 69.332 49.Cash generated from opration activities to profit after tax (E4/D10) (times) 53 .671.362 11.77% 29.907) 4.935.85% 87. expense to non-markup/interest income (D8/D6) (times) 11.46 0.Provision against NPL to NPLs (C7/C6) I.018 5.284.00% (7.03 -2.565 5.146 836.20% 4.35% 95.07% 70.385.66% 93.838 2. liabilities C.21% 2.Profit/(loss) after taxation E.Fixed assets 10.657) 15.Cash flow ratio 1.00% 0.013 (8.82% 62.870.056.818 6.50% 4.804 3.363 51.51% -0.Total liabilities to total assets (B/C) 6.660.208.Net markup/interest margin (D1-D2)/C 3.355 1.309.24 0.Spread ratio (D3/D1) 2.936.986 900.327.799.Other items 1.74% 4.512 12.556 (6.756 6.Total assets (C1 to C4 + C8 to C10) 1.048 52.906.55 38.923 1.547.886 72.856 (4.360.908 431.Profit & loss account 1.32% 67.738.597.901.74 -4.31% 2.420.26 6.04 3.Total deposit to total equity (B3/A) (times) J.772.779.Lending to financial institutions 4.252.041.588.387.63% 48.223.959 17.15 11.Non-markup/interest expenses 8.720.100.Return on assets (ROA) (D10/C) 5.088.780 128.002.43 13.25% 33.43% 56.23% 0.30% 415.64 -6.197 1.No.19% 92.13% 5.43% 81.874.373 3.655.537) 1.651 12.592.415.53% 90.Commitments & contingencies to total equity (E5/A) (times) 3.Un appropriated profit 4.Non-markup/interest expense to total income D7/(D1+D6) 10.86% 21.270.49 5.670.Markup/interest expensed 3.56% 1.33 7.373.49% 0.169 31.76 2.63% 0.034 1.78 43.716.616 41.00% 0.301.55% 4.853 4.556 (4.014.45% -5.Admin.126.66% 93.Cash generated from operating activities 5.355 (2.997 9.586 3.383 1.268 3.251.054.097.Provisions and write-offs 5.02% 2.649 (9.050.153.Efficiency ratios/profitability ratios 1.737 3.859.82% 18.Provision against advances 8.Advances net of provisions to total assets (C8/C) 4.04 0.610.Cash & cash equivalent to total assets (C1+C2)/C 2.33 0.67% 1.346.29% - - - 557.027.695) 384.755.324.161 570.265) (3.22 251.510.770 1.04% 76.96% -3.803 17.255) (2.27% 6.273 3.66% -0.74% 1.536 2.855.98% 0.071.070 1.908 1. of ordinary shares 2.00% 0.913.53% 33.494.97% 95.35% 16.691 846.490 3.253.08 -1.Net markup/interest income after provisions 6.NPLs write off to NPLs provisions (D4/C7) 5.679.Liquidity ratios 1.96% 77.931 9.93% 9.05% 0.47% -2.918 695.42 22.600 3.406 2.566.Total liabilities(B1 to B4) 1.048 139.674) (8.Return on equity (ROE) (D10/A) 4.17% 92.902.39% 46.542 26.Cash dividend 3.905) 6.Deposits and other accounts 4.28% 99.Investment to total assets (C4/C) 3.

078.962 5.313 99.71% 11.87 17.060 5.977.575.222 1.62% 1.101.360 6.355 10.175.254.131. liabilities C.28% 50.Total assets (C1 to C4 + C8 to C10) 1.Deposits and other accounts 4.265.805.45% 65.Share capital 2.30% 1.002.76 21.625.221 2.Gross advances to deposits (C5/B3) 7.82% 7.687 39.732.188.162 9.20% 64.193 2.Net markup/interest income(after prov.422 0.Liquidity ratios 1.Cash dividend 3.179 99.212.310.205 4.919 0.63% 8.540.650 147.892.973 7.675 3.37% 76.104.528 82.272 6.58% 35.00% 5.250.935 0.633.Total equity (A1 to A3) 1.92 9.Non-markup/interest income 7.15% 1.733.Financial Statement Analysis of Financial Sector SONERI BANK LIMITED Items A.562 40.974 1.193 2.85 7.51% 2.06% 79.252 30.951. of ordinary shares 2.000.00% 0.57% 1.247.58 43.813 70.364 7.79% 1.514 5.813 44.) to total assets(D5/C) 7.16% 70.356 8.00% 13.Non-markup/interest income to total assets (D6/C) 6.17% 91.900 34.795.293.497.271 783.755.071 1.663 59.624 87.11% 91.284 6.682 602.685 1.988.11% 7.224 1.959.92 12.82 14.594.36 1.07% 12.036 329.775.89 6.10% 8.016.226 2.77% 3.16 1.Cash and balances with treasury banks 2.351 2.349.Total liabilities to total assets (B/C) 6.236 1.Un appropriated profit 4.417 1.476 (260.85% 100.822.Markup/interest expense to markup/interest income (D2/D1) 8.533.87 13.447 125.70 29.18% 3.20% 892.33% 0.58% 75.226.12% 1.298 73.278 621.636 129.755.077 3.322 0.07 0.507.892.Capital ratio (A/C) 2.182.053.533 411.80% 17.942 1. expense to profit before tax.Commitments and contigencies F.Profit/(loss) before taxation 10.643 54.441 3.Provisions against NPLs to gross advances (C7/C5) 3.653 5.664 1.702.Reserves 3.476.385 3.39% 2.Cash flow ratio 1.NPLs to shareholders equity (C6/A) 4.891 2.598 47.Net markup/interest income after provisions 6.491 2.Spread ratio (D3/D1) 2.21 30.57% 22.Non-performing loan to gross advances (C6/C5) 2.150.20 23.497.29% 24.12% 77.990.76 0.678.333.466 1.81% 67.20 2.75% 76.75% 6. (D8/D9) (times) 9.370.590 953.636 4.68 23.385.113.548.42% 50.537.496 8.42 95.79% 84.36% 50.Gross advances to borrowing & deposit C5/(B2+B3) H.63 13.153 501.334.Cash generated from operating activities 5.955 1.206 1.099 1.162 1.Assets quality ratios 1.386 8.28% 18.400.876.24 7.921 1.Stock dividend/bonus shares 4.60% 1.36% 1.178 2.623.185 1.65 D.937.997.416 1.26% 70.228.254 5.51% 36.749 4.482.625 1.23% 1.Provisions and write-offs 5.32 16.Net markup/interest margin (D1-D2)/C 3.581 1.942 2.114.Lending to financial institutions 4.947 3.22% 69.Net markup/interest income 4.026.431 2.502.471 60.916 4.023.441.413 145.51% 2.31 10.45 8.036 4.NPLs write off to NPLs provisions (D4/C7) 5.81% 70.13% 11.Non-markup/interest expenses 8.557.Cash & cash equivalent to total assets (C1+C2)/C 2.422 0.809.126.00% 0.864.243.207 1.271.Provision against advances 8.238.02 0.889.857 2.682.269 14.815 1.454 61.37% 2.447.016.00% 22.14% 1.449 2.494 7.103 3.861.501 1.766 80.203.55 14.203 3.01 0.314 14.36% 30.666 4.87 0.Admin.59% 8.154.11% 6.908.Capital /leverage ratios 1.594 1.75% 72.84% 61.64% 3.62% 62.711 1.10 0.895.66% 2.617.Profit & loss account 1.29% 2.234 6.07% 62.364 3.54% 71.970 2.859 3.675.743 1.130 879.440 12.64% 0.763.Total liabilities(B1 to B4) 1.00% 37.377 29.25% 78.856 108.991 140.490 650.272.669 238.451 2.Investments 5.229.029.Commitments & contingencies to total equity (E5/A) (times) 3.Balances with other banks 3.925 1.00% 32.810 12.009 19.278.865.452.941 4.105.58% 8.358 1.250.071.222 2.811 2.293.00% 0.Profit/(loss) after taxation E.755 3.35% 58.59% 1.041 9.727.814.941.779 2.173 1. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 6.66 8.646.652 1.233 701.Cash generated from opration activities to profit after tax (E4/D10) (times) 54 .02% 69.531.10 19.652 1.Markup/interest expensed 3.08% 50.14% - - - 20.40% 67.87% 0.656 902.Investment to total assets (C4/C) 3.93 8.522 73.Return on equity (ROE) (D10/A) 4.52% 0.923 3.731.000 813.14 9.No.82% 0.660 190.857.47% 70.775 40.955.70% 11.87% 91.Efficiency ratios/profitability ratios 1.103 536.11% 0.Provision against NPL to NPLs (C7/C6) I.277.854.Administrative expenses 9.468 76.81% 11.464.347 2.14 0.Borrowings from financial institutions 3.096.842 3.847 411.939.179 51.019.400 2.029.89% 2.673.Deposits to total assets (B3/C) 5.81 0.29% 62.72% 2.005 1.571.343 1.29 29.024 32.Advances net of provision (C5-C7) 9.981.401 9.775 380.675 65.Total deposit to total equity (B3/A) (times) J.334 7.177 49.309 11.13% 10.281 234.26% 62.897.445 1.Gross advances 6.381.94% 71.114.00% 4.190.Fixed assets 10.168.306 8.922 95.Break up value per share (A/E1) 4.675.87% 1.721 3.23% 3.27% 91.965.622 8.22% 80.078.10 15.Others B.Admin.003.602.468.985.142 55.337.673 3.190 45.Other items 1.948 158.66% 31.500.Non-markup/interest expense to total income D7/(D1+D6) 10.Markup/interest earned 2.99% 51.877 834.Bills payable 2.824.Advances net of provisions to total assets (C8/C) 4.Other/misc. expense to non-markup/interest income (D8/D6) (times) 11.505 1.148 30.640.734.046.43 37.00% 0.97% 7.969 71.96% 52.150.944.128 2.Other/misc.88% 91.942.878.833.875) 118.181.Earning per share (D10/E1) G.634.338 48.587.79 8.Return on assets (ROA) (D10/C) 5.Advances-non-performing/classified 7.067.77% 44.53% 5.678 7.577 5.181.207 6.471.60% 4.339.

Financial Statement Analysis of Financial Sector

STANDARD CHARTERED BANK (PAKISTAN) LIMITED
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others

B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities

C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets

2011

(Thousand Rupees)
2010
2011

2007

2008

2009

43,340,575
38,715,850
1,653,044
2,971,681
(274,265)
212,478,904
6,637,388
6,616,065
177,161,630
22,063,821
255,545,214
26,295,860
1,628,280
15,225,935
40,696,466
131,085,549
10,493,345
11,548,534
119,537,015
3,734,139
48,427,519

44,010,120
38,715,850
1,812,492
3,481,778
(1,252,980)
221,860,038
4,296,420
8,695,730
174,551,801
34,316,087
264,617,178
22,741,035
1,261,582
31,466,898
29,586,663
137,716,271
16,534,389
12,114,806
125,601,465
3,886,275
50,073,260

44,817,406
38,715,850
2,052,347
4,049,209
3,852,905
268,909,813
4,844,638
15,847,326
206,915,825
41,302,024
317,580,124
21,521,592
2,305,891
20,568,064
83,263,661
146,243,792
21,388,480
16,783,638
129,460,154
7,003,915
53,456,847

48,339,869
38,715,850
2,785,229
6,838,790
3,760,200
275,197,331
5,691,864
15,914,343
220,187,888
33,403,236
327,297,400
24,087,885
921,931
30,421,885
72,294,275
163,713,272
22,581,390
18,991,715
144,721,557
6,606,225
48,243,642

51,535,761
38,715,850
3,879,491
8,940,420
4,122,977
308,529,074
4,576,789
19,361,864
235,874,584
48,715,837
364,187,812
26,293,151
3,204,253
20,205,971
104,040,114
159,653,491
26,102,557
22,344,611
137,308,880
6,437,023
66,698,420

22,530,080
6,338,119
16,191,961
6,052,957
10,139,004
6,112,711
12,160,481
12,081,963
4,091,234
2,764,069

23,307,442
6,888,900
16,418,542
9,316,038
7,102,504
6,611,470
12,620,994
12,424,711
1,092,980
677,132

27,242,261
10,725,651
16,516,610
9,447,907
7,068,703
6,924,143
12,477,127
12,148,873
1,515,719
872,411

28,569,842
11,016,266
17,553,576
4,359,235
13,194,341
12,997,894
13,439,371
12,997,894
5,757,685
3,740,855

32,825,124
11,907,713
20,917,411
4,507,477
16,409,934
6,192,553
14,016,159
13,408,462
8,586,328
5,553,141

3,971,585
0.00%
0.00%
9,247,515
183,669,089

3,871,585
0.00%
0.00%
(12,894,580)
121,947,090

3,871,585
0.00%
0.00%
46,769,642
150,649,399

3,871,585
0.06%
0.00%
(9,718,375)
164,327,870

3,871,585
0.10%
0.00%
40,845,050
182,579,724

71.87%
6.34%
0.06
1.08%
2.39%
3.97%
28.13%
2.95
42.46%
1.98
0.70

70.44%
6.20%
0.02
0.26%
2.50%
2.68%
29.56%
11.37
42.18%
1.88
0.17

60.63%
5.20%
0.02
0.27%
2.18%
2.23%
39.37%
8.02
36.52%
1.75
0.23

61.44%
5.36%
0.08
1.14%
3.97%
4.03%
38.56%
2.26
32.33%
1.00
0.97

63.72%
5.74%
0.11
1.52%
1.70%
4.51%
36.28%
1.56
35.92%
2.17
1.43

10.93%
15.93%
46.78%
69.33%
83.15%
73.99%
71.33%

9.07%
11.18%
47.47%
65.96%
83.84%
78.90%
75.15%

7.50%
26.22%
40.76%
65.15%
84.67%
70.68%
65.65%

7.64%
22.09%
44.22%
67.27%
84.08%
74.35%
69.34%

8.10%
28.57%
37.70%
64.77%
84.72%
67.69%
62.55%

8.00%

12.01%

-

-

24.21%
52.41%
110.06%

37.57%
76.90%
73.27%

14.63%
11.48%
47.72%
56.29%
78.47%

13.79%
11.60%
46.71%
22.95%
84.10%

16.35%
14.00%
50.65%
20.17%
85.60%

16.96%
4.24
10.91
4.09

16.63%
2.77
11.37
3.97

14.11%
3.36
11.58
4.62

14.77%
3.40
12.49
4.55

14.15%
3.54
13.31
4.58

53.61

-2.60

7.36

D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation

E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies

F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)

G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)

4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)

H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)

I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)

J.Cash flow ratio
3.35

1.Cash generated from opration activities to profit after tax (E4/D10) (times)

55

-19.04

Financial Statement Analysis of Financial Sector

SUMMIT BANK LIMITED
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others

B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities

C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets

2011

(Thousand Rupees)
2010
2011

2007

2008

2009

6,324,139
4,500,000
1,631,395
192,744
(22,563)
11,819,210
384,179
1,748,603
9,464,785
221,643
18,120,786
753,845
52,551
2,855,582
5,408,425
8,157,709
128,461
128,461
8,029,248
597,515
423,620

6,132,731
5,000,000
1,314,828
(182,097)
(312,611)
18,982,697
75,963
1,869,940
16,616,466
420,328
24,802,817
1,349,649
65,580
200,000
5,094,613
16,510,341
751,663
751,663
15,758,678
927,882
1,406,415

4,065,941
5,000,000
1,064,828
(1,998,887)
(11,541)
34,118,975
213,209
1,554,801
31,307,488
1,043,477
38,173,375
1,923,526
724,802
1,433,817
12,446,033
21,072,058
2,568,243
2,568,243
18,503,815
1,570,754
1,570,628

3,494,032
7,250,660
(1,335,050)
(2,421,578)
(220,764)
68,883,636
357,293
5,257,243
61,537,424
1,731,676
72,156,904
4,047,590
375,207
0
20,204,357
44,477,357
11,394,074
5,723,944
38,753,413
2,781,943
5,994,394

5,434,595
10,779,796
(1,551,944)
(3,793,257)
721,080
113,516,398
900,750
18,562,616
89,614,738
4,438,294
119,672,073
6,117,998
1,433,614
1,069,757
36,134,418
68,381,073
22,417,723
11,068,103
57,312,970
5,950,625
11,652,691

617,854
252,338
365,516
0
365,516
345,904
384,502
383,529
326,918
230,165

2,471,982
1,585,875
886,107
623,202
262,905
166,780
776,959
774,742
(347,274)
(191,408)

3,514,363
2,877,797
636,566
2,040,787
(1,404,221)
1,208,532
1,077,054
1,064,723
(2,285,586)
(2,066,790)

7,068,952
6,100,832
968,120
2,230,522
1,262,402
623,446
3,250,790
2,790,634
(3,889,746)
(3,032,144)

9,529,068
9,020,995
508,073
367,809
140,264
778,031
3,902,702
3,855,690
(2,984,407)
(1,510,339)

450,000
0.00%
0.00%
768,996
2,387,362

500,000
0.00%
0.00%
1,156,154
25,857,630

500,000
0.00%
0.00%
8,975,769
35,826,776

725,066
0.00%
0.00%
4,361,206
45,997,746

1,077,980
0.20%
0.00%
8,335,700
45,997,746

59.16%
2.02%
0.04
1.27%
1.91%
2.02%
40.84%
1.17
39.90%
1.11
0.51

35.85%
3.57%
-0.03
-0.77%
0.67%
1.06%
64.15%
-2.23
29.44%
4.65
-0.38

18.11%
1.67%
-0.51
-5.41%
3.17%
-3.68%
81.89%
-0.47
22.80%
0.88
-4.13

13.70%
1.34%
-0.87
-4.20%
0.86%
1.75%
86.30%
-0.72
42.26%
4.48
-4.18

5.33%
0.42%
-0.28
-1.26%
0.65%
0.12%
94.67%
-1.29
37.86%
4.96
-1.40

4.45%
29.85%
44.31%
52.23%
65.22%
86.19%
72.75%

5.71%
20.54%
63.54%
66.99%
76.53%
99.36%
89.31%

6.94%
32.60%
48.47%
82.01%
89.38%
67.31%
64.12%

6.13%
28.00%
53.71%
85.28%
95.46%
72.28%
66.59%

6.31%
30.19%
47.89%
74.88%
94.86%
76.31%
63.21%

1.57%

4.55%

12.19%

-

-

-

2.03%
0.00%
100.00%

12.26%
82.91%
100.00%

63.16%
79.46%
100.00%

25.62%
12.87%
326.10%
38.97%
50.24%

32.78%
16.19%
412.50%
3.32%
49.37%

34.90%
0.38
14.05
1.50

24.73%
4.22
12.27
2.71

10.65%
8.81
8.13
7.70

4.84%
13.16
4.82
17.61

4.54%
8.46
5.04
16.49

3.34

-6.04

-4.34

-1.44

-5.52

D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation

E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies

F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)

G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)

4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)

H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)

I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)

J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)

56

Financial Statement Analysis of Financial Sector

UNITED BANK LIMITED
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others

B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities

C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets

2011

(Thousand Rupees)
2010
2011

2007

2008

2009

34,009,411
8,093,750
10,261,958
15,653,703
8,411,993
487,862,552
6,079,341
59,103,350
401,637,816
21,042,045
530,283,956
57,526,451
4,191,128
24,781,723
115,585,646
294,725,035
22,012,411
1,352,028
293,373,007
16,918,844
17,907,157

45,076,576
10,117,188
17,256,061
17,703,327
4,319,088
571,311,725
5,210,870
44,749,690
492,267,898
29,083,267
620,707,389
50,143,570
14,540,306
22,805,341
115,057,090
397,736,446
28,552,722
19,791,080
377,945,366
19,926,915
20,288,801

55,914,736
11,128,907
21,167,954
23,617,875
11,403,627
573,103,548
5,166,361
37,168,277
503,831,672
26,937,238
640,421,911
61,562,141
14,049,990
23,162,130
137,734,578
390,493,953
40,065,237
28,414,357
362,079,596
23,734,082
18,099,394

63,919,969
12,241,798
24,101,838
27,576,333
11,214,211
651,288,371
5,074,700
47,631,814
567,611,258
30,970,599
726,422,551
67,667,226
26,430,928
11,934,778
231,717,214
376,480,024
51,144,170
34,969,612
341,510,412
24,684,566
22,477,427

73,945,411
12,241,798
27,495,959
34,207,654
11,975,235
721,284,142
5,879,043
50,845,877
633,889,416
30,669,806
807,204,788
86,502,444
19,225,488
9,536,211
301,106,877
382,115,775
39,967,562
40,976,256
341,139,519
25,722,481
23,971,768

41,045,543
16,936,187
24,109,356
6,422,046
17,687,310
8,992,351
13,674,688
13,420,977
13,004,973
12,429,853

52,763,249
24,247,281
28,515,968
7,753,688
20,762,280
11,199,152
17,780,935
16,679,968
14,052,051
8,445,251

61,745,462
28,323,272
33,422,190
12,879,215
20,542,975
12,070,500
18,911,237
17,803,338
14,392,181
9,487,952

60,046,011
25,207,785
34,838,226
8,150,258
26,687,968
10,584,485
19,861,194
19,137,857
17,688,623
11,020,925

71,374,143
31,339,401
40,034,742
7,293,828
32,740,914
13,228,036
22,078,608
21,232,844
23,633,636
14,887,113

809,375
0.30%
0.25%
49,886,356
423,297,850

1,011,718
25.00%
10.00%
1,025,033
48,668,314

1,112,891
25.00%
10.00%
27,084,242
450,962,490

1,224,180
0.50%
0.00%
105,607,607
269,878,986

1,224,180
0.75%
0.00%
103,753,446
261,653,953

58.74%
4.55%
0.37
2.34%
1.70%
3.34%
41.26%
1.03
27.33%
1.49
15.36

54.05%
4.59%
0.19
1.36%
1.80%
3.34%
45.95%
1.19
27.80%
1.49
8.35

54.13%
5.22%
0.17
1.48%
1.88%
3.21%
45.87%
1.24
25.62%
1.47
8.53

58.02%
4.80%
0.17
1.52%
1.46%
3.67%
41.98%
1.08
28.12%
1.81
9.00

56.09%
4.96%
0.20
1.84%
1.64%
4.06%
43.91%
0.90
26.10%
1.61
12.16

11.64%
21.80%
55.32%
75.74%
92.00%
73.38%
63.97%

10.42%
18.54%
60.89%
79.31%
92.04%
80.80%
74.06%

11.81%
21.51%
56.54%
78.67%
89.49%
77.50%
72.18%

12.95%
31.90%
47.01%
78.14%
89.66%
66.33%
61.19%

13.10%
37.30%
42.26%
78.53%
89.36%
60.28%
55.80%

7.47%

7.18%

-

-

64.72%
474.99%
6.14%

63.34%
39.18%
69.31%

10.26%
7.28%
71.65%
45.33%
70.92%

13.58%
9.29%
80.01%
23.31%
68.37%

10.46%
10.72%
54.05%
17.80%
102.52%

6.41%
12.45
42.02
11.81

7.26%
1.08
44.55
10.92

8.73%
8.07
50.24
9.01

8.80%
4.22
52.21
8.88

9.16%
3.54
60.40
8.57

4.01

0.12

2.85

9.58

6.97

D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation

E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies

F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)

G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)

4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)

H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)

I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)

J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)

57

Financial Statement Analysis of Financial Sector

Specialized Banks - Overall
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others

B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities

C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets

2011

(Thousand Rupees)
2010
2011

2007

2008

2009

(9,964,857)
14,849,470
1,886,642
(26,700,969)
3,045,550
133,987,153
497,582
87,339,121
14,320,029
31,830,421
127,067,846
3,363,036
17,720,977
1,883,944
15,826,210
94,973,890
31,305,432
22,332,219
72,641,671
3,710,874
11,921,134

(7,631,049)
15,506,103
2,438,371
(25,575,523)
3,494,010
134,345,948
755,721
83,318,134
13,883,492
36,388,601
130,208,909
2,840,235
18,315,949
700,000
12,046,115
101,188,798
22,710,747
21,074,895
80,113,903
5,106,662
11,086,045

(8,401,902)
15,506,595
2,474,080
(26,382,577)
3,667,038
134,175,343
750,837
83,291,453
13,993,545
36,139,508
129,440,479
2,732,123
18,153,423
514,714
11,287,064
101,603,284
29,549,247
20,845,933
80,757,351
5,092,505
10,903,299

(2,357,651)
15,507,008
5,667,412
(23,532,071)
4,112,638
142,867,257
382,039
80,411,173
19,388,626
42,685,419
144,622,244
3,938,119
12,711,768
108,802
14,337,679
114,863,661
32,828,790
20,875,323
93,988,338
5,088,581
14,448,957

3,400,433
15,507,532
9,401,686
(21,508,785)
4,722,128
141,606,250
424,070
77,927,198
17,679,270
45,575,712
149,728,811
3,877,585
13,369,905
875,567
19,444,243
114,608,118
34,587,578
20,393,167
94,214,951
5,098,297
12,848,263

9,690,208
4,994,988
4,695,220
4,569,978
1,199,164
6,257,647
5,740,669
5,842,387
1,575,373
883,295

10,686,103
5,110,072
5,576,031
1,333,576
3,031,251
6,363,253
6,819,291
5,844,945
4,161,233
2,322,667

10,961,387
6,273,993
4,687,354
1,823,956
2,863,438
6,310,426
6,912,356
6,616,341
3,131,648
1,731,787

11,382,350
5,617,663
5,814,687
1,756,218
4,188,997
4,967,514
6,693,127
6,684,865
2,463,384
1,482,473

12,186,304
5,200,549
7,558,555
853,140
6,474,415
3,394,097
6,302,529
6,125,243
3,572,001
2,435,519

1,432,084

1,511,536

1,511,541

1,497,415

1,497,421

N/A
N/A
4,550,941
10,453,817

N/A
N/A
(2,141,072)
23,033,910

N/A
N/A
(34,771)
26,032,331

N/A
N/A
(220,985)
15,407,849

N/A
N/A
2,177,250
14,728,671

48.45%
3.70%
-0.09
0.70%
4.92%
0.94%
51.55%
3.71
36.00%
0.93
0.62

52.18%
4.28%
-0.30
1.78%
4.89%
2.33%
47.82%
1.40
40.00%
0.92
1.54

42.76%
3.62%
-0.21
1.34%
4.88%
2.21%
57.24%
2.11
40.02%
1.05
1.15

51.09%
3.99%
-0.63
1.03%
3.43%
2.90%
49.35%
2.71
40.94%
1.35
0.99

62.02%
4.67%
0.72
1.63%
2.27%
4.32%
42.68%
1.71
40.45%
1.80
1.63

16.59%
12.45%
57.17%
11.27%
105.45%
663.22%
93.42%

16.25%
9.25%
61.53%
10.66%
103.18%
728.84%
104.10%

16.14%
8.72%
62.39%
10.81%
103.66%
726.07%
104.44%

11.51%
9.91%
64.99%
13.41%
98.79%
592.43%
115.09%

11.52%
12.99%
62.92%
11.81%
94.58%
648.26%
119.87%

32.96%

22.44%

-

-

-314.16%
20.46%
71.34%

-297.61%
6.33%
92.80%

29.08%
20.52%
-351.70%
8.75%
70.55%

28.58%
18.17%
-1,392.44%
8.41%
63.59%

30.18%
17.79%
1,017.15%
4.18%
58.96%

-7.84%
-1.05
-6.96
-1.44

-5.86%
-3.02
-5.05
-1.82

-6.49%
-3.10
-5.56
-1.67

-1.63%
-6.54
-1.57
-8.22

2.27%
4.33
2.27
5.20

5.15

-0.92

-0.02

-0.15

0.89

D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation

E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies

F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)

G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)

4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)

H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)

I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)

J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)

58

Financial Statement Analysis of Financial Sector

INDUSTRIAL DEV. BANK OF PAKISTAN
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others

B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities

C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets

2011

(Thousand Rupees)
2010
2011

2007

2008

2009

(28,071,247)
157,000
750,548
(28,978,795)
(48,313)
37,544,275
24,761
22,681,908
6,110,553
8,727,053
9,424,715
257,632
26,918
1,625,000
4,705,838
7,217,511
5,636,648
6,017,014
1,200,497
127,711
1,481,119

(27,942,705)
157,000
750,548
(28,850,253)
(252,683)
35,440,978
29,471
22,542,821
4,637,119
8,231,567
7,245,590
212,428
30,513
600,000
4,036,610
6,492,401
0
6,367,623
124,778
125,120
2,116,141

(27,804,610)
157,000
750,548
(28,712,158)
(365,817)
33,978,550
38,612
22,305,318
3,796,797
7,837,823
5,808,123
183,885
50,313
481,269
3,178,546
6,411,877
6,283,508
6,269,695
142,182
120,568
1,651,360

(27,709,145)
157,000
750,548
(28,616,693)
(254,642)
33,121,740
13,717
22,466,356
3,313,563
7,328,104
5,157,953
150,299
64,681
108,802
3,015,974
6,266,499
6,158,107
6,158,107
108,392
123,390
1,586,415

(27,673,517)
157,000
750,548
(28,581,065)
(227,663)
33,045,645
20,096
22,553,874
3,274,523
7,197,152
5,144,465
137,589
59,750
75,567
2,864,998
6,294,331
6,226,954
6,192,209
102,122
59,364
1,845,075

552,443
649,811
(97,368)
399,436
302,068
114,896
812,651
987,141
(395,687)
(398,342)

441,814
616,701
(174,887)
(605,602)
(780,489)
160,487
793,010
158,076
173,008
128,542

404,055
689,973
(285,958)
(159,224)
(126,694)
422,828
155,888
180,890
140,246
138,095

284,378
587,511
(253,133)
65,264
(187,869)
477,293
192,004
196,798
97,420
95,465

300,466
586,866
286,400
96,224
(190,176)
223,134
35,967
187,125
3,009
35,628

1,570
0.00%
0.00%
(528,738)
199,336

15,700
0.00%
0.00%
(549,050)
139,219

15,700
0.00%
0.00%
(756,259)
145,208

1,570
0.00%
0.00%
(280,827)
141,970

1,570
0.00%
0.00%
(255,917)
142,059

-17.62%
-1.03%
0.01
-4.23%
1.22%
3.21%
117.62%
-2.49
121.77%
8.59
-253.72

-39.58%
-2.41%
0.00
1.77%
2.21%
-10.77%
139.58%
0.91
131.66%
0.98
8.19

-70.77%
-4.92%
0.00
2.38%
7.28%
-2.18%
170.76%
1.29
18.85%
0.43
8.80

-89.01%
-5.88%
0.00
1.85%
9.25%
-3.64%
206.60%
2.02
25.21%
0.41
60.81

95.32%
-5.57%
0.00
0.69%
4.34%
-3.70%
195.32%
62.19
6.87%
0.84
22.69

3.02%
49.93%
12.74%
64.84%
398.36%
118.12%
25.07%

3.35%
55.71%
1.72%
64.00%
489.14%
140.01%
23.89%

4.03%
54.73%
2.45%
65.37%
585.02%
168.88%
24.56%

4.17%
58.47%
2.10%
64.24%
642.15%
189.12%
24.31%

3.84%
55.69%
1.99%
63.65%
642.35%
192.22%
24.37%

78.10%

0.00%

98.00%

-

-

-

-20.08%
6.64%
106.75%

0.00%
-9.51%

-

-22.60%
-2.54%
99.78%

98.27%
98.27%
-22.22%
1.06%
100.00%

98.93%
98.38%
-22.50%
1.55%
99.44%

-297.85%
-0.01
-17,879.78
-0.22

-385.65%
0.00
-1,779.79
-0.17

-478.72%
-0.01
-1,770.99
-0.14

-537.21%
-0.01
-17,649.14
-0.12

-537.93%
-0.01
-17,626.44
-0.12

1.33

-4.27

-5.48

-2.94

-7.18

D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation

E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies

F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)

G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)

4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)

H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)

I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)

J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)

59

86 12.184.71% 68.948) 879.445 2.478 1.87% 39.98% 329.010 200.79% 52.28% 3.40% 12.321 220.368 378.080 (28.93% 59.392.894 239.Others B.496.819 239.Stock dividend/bonus shares 4.Gross advances to deposits (C5/B3) 7.52 -7.24 40.338 521.Investments 5.46 50.586 262.738 613.00% 0.34% 4.18% 274.Other/misc.062 20.07 -1.861 79.58% 8.507 234.948 378.Return on equity (ROE) (D10/A) 4.758.436.333 2.98% 67.55 -0.717 5.24% 288.Financial Statement Analysis of Financial Sector SME BANK LTD.00% 0.621 213.583.602 875.49% 2.307.816 9.118.90% 0.000 3.919 295.03% 43.160) (33.55% 66.66% 74.13 1.Deposits to total assets (B3/C) 5.Break up value per share (A/E1) 4.652) 728.058.676 369.157) 4.171.Cash and balances with treasury banks 2.251 0.949 26.Capital /leverage ratios 1.NPLs write off to NPLs provisions (D4/C7) 5.87% 68.550 239.14% 1.129 40.000 2.819 56.944 3.69% 68.130 7.65 40.44% 98.Net markup/interest income 4.821 40.23 40.548.32 68.72 -2.921 296.Cash flow ratio 1.660 (442.660 33.897 122.995.243.Advances-non-performing/classified 7.192 404.610 (216.68% 0.349.Non-performing loan to gross advances (C6/C5) 2.Borrowings from financial institutions 3.Advances net of provision (C5-C7) 9.47% -0.997 3.62% 43.Total assets (C1 to C4 + C8 to C10) 1.507 234.316 3.757.16% 46.94 5.00% (780.43% 38.526.942.85 8.403 774.660 (650.60% 167.281 2.052) (297.976.01 -2.674) 3.01 -0.31% 300.101 (131.031) 239.18 D.Other items 1.05 0.Cash generated from opration activities to profit after tax (E4/D10) (times) 60 .386) 3.525 633.78% 315.573 3.306.866 239.Total liabilities(B1 to B4) 1.251 0.Non-markup/interest income 7.498 5.43% 4.Provision against advances 8.192 432.06% 57.Administrative expenses 9.26% 1. expense to non-markup/interest income (D8/D6) (times) 11.392.61% 9.63 56.Profit/(loss) before taxation 10.669 2.419 58.426.34% 412.Net markup/interest income after provisions 6.604 137.14 45.705 52.Fixed assets 10.757.063 2.464 41.469 228.83% 2.91 0.667 8.518.545.691 110.218 5.027.22% 3.Un appropriated profit 4.Markup/interest expensed 3.596) 21.45% -2.Return on assets (ROA) (D10/C) 5.34% 44.81 81.566 2.728.356 (235.658. liabilities C.91% 233.23% 22.40% 3.392.570) (225.732 296.948) 2.912 0 2.57% 49.111 (337.470 6.379 389.15% 1.Advances net of provisions to total assets (C8/C) 4.17% 38.929 5.655.141 5.956 495.Balances with other banks 3.691 570.922 2.462 439.863 2.Provisions and write-offs 5.123 6.30 -1.822 5.542 1.14 1.00% (4.07% 90.Assets quality ratios 1.560 379.20% - - 197.118 5.498 21.744.112 49. (D8/D9) (times) 9.050 58.04 1.892.192.Commitments & contingencies to total equity (E5/A) (times) 3. of ordinary shares 2.Cash generated from operating activities 5.607 2.505 1. Items A.546 211.26% 6.480 2.655 9.762.81% 232.589 664.00% 490.23% 9.92% 13.347 144.Capital ratio (A/C) 2.Non-markup/interest income to total assets (D6/C) 6.751 100.322 124.41% 49.67 9.587 455.23 10.71% -0.60% 61.08 0.53% 0.Markup/interest earned 2.Reserves 3. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 2.Lending to financial institutions 4.03 15.Gross advances 6.441 1.48% 1.55% 57.140 7.257 608.988.94% 1.Markup/interest expense to markup/interest income (D2/D1) 8.11 -2.Profit/(loss) after taxation E.86% 66.507 199.93% 1.) to total assets(D5/C) 7.89% 35.Efficiency ratios/profitability ratios 1.56% 62.88% 0.Non-markup/interest expense to total income D7/(D1+D6) 10.236.273 74.45% 0.802.334 8. expense to profit before tax.403 474.596 5.81% -0.647 568.76% -0.Cash & cash equivalent to total assets (C1+C2)/C 2.Cash dividend 3.Investment to total assets (C4/C) 3.775.74% -4.Gross advances to borrowing & deposit C5/(B2+B3) H.18% 254.Total liabilities to total assets (B/C) 6.643.Admin.26 1.14 -4.686 1.41% 1.41% 89.Share capital 2.77% 59.680.418 11.009 62.871 2.216.356.789 166.Commitments and contigencies F.80 32.287 529.89% 39.078 135.Other/misc.21% 98.97% 236.753 5.894) 647.771 5.507 235.000 1.984) 5.92% 3.658.85 0.23 -9.226 2.21 25.37% 43.100 1.55% 3.976 1.89 135.362) (61.864 183.NPLs to shareholders equity (C6/A) 4.00% 198.96% 54.Liquidity ratios 1.18% 28.889.151 40.507 199.No.Bills payable 2.701.508.Total deposit to total equity (B3/A) (times) J.02% 6.Provision against NPL to NPLs (C7/C6) I.550.00% 0.636 (201.Deposits and other accounts 4.05% 419.00% 550.00% (539.51% 69.21% 43.479.88% 32.57% -43.599 132.188 214.251 0.844) 3.535 2.74% 213.632.934.780 130.604 2.76 -0.21 32.416.Total equity (A1 to A3) 1.49% 0.285.72% 57.53 74.392.530) (401.250 0.437.17% -1.392.706.879.Spread ratio (D3/D1) 2.Net markup/interest margin (D1-D2)/C 3.865 800.45% 32.764 6.276 1.877 5.348 517.994) (532.26% 0.356 297.521 350.521 37.Net markup/interest income(after prov.60% 7.Provisions against NPLs to gross advances (C7/C5) 3.805 2.053 7.68% 4.203 7.Admin.758 286.11% 85.166.400.Profit & loss account 1.651.75% 40.980 258.136) 2.251 0.94% 1.693 3.608) (69.08 9.072 523.373 526.070 54.571 2.Earning per share (D10/E1) G.797 385.653 355.937.957.999.Non-markup/interest expenses 8.40% 73.418 (80.00% 0.83% 4.00% 0.018 354.

319) 0 (377.Balances with other banks 3.) to total assets(D5/C) 7.773 4. of ordinary shares 2.75% -11.Gross advances to deposits (C5/B3) 7. expense to profit before tax.Advances-non-performing/classified 7.65% 90.14 0.78% 0.983.Fixed assets 10.Other/misc.Markup/interest earned 2.956) 11.68 27.19 110.61% -2.35% 1.Provisions and write-offs 5.00% 0.37% 396.361 434.26 37.016.87% 46.Total deposit to total equity (B3/A) (times) J.711.762 8.40% 73.29% 49.318 386.00% (321.390 21.689 4.445 506.Commitments and contigencies F.551) 30.821 2.319) 77.Lending to financial institutions 4.058 3.869 618.00% (3.Commitments & contingencies to total equity (E5/A) (times) 3.827 133.168) 9.37% 80.291 73.10 529.351 0.647 3.Assets quality ratios 1.453.010 2.000.221 1.32% 81.47% 3.643 76.81 0.Markup/interest expense to markup/interest income (D2/D1) 8.177.000 3.214 435.645 185.86 -41.342 0.86% 0.200 2.16 37.81% 2.737 355.Net markup/interest income(after prov.123.00% 0.897 715.198 468.Non-markup/interest expense to total income D7/(D1+D6) 10.359.00% (939.47 30.443.55% 5.443.777 550.Investments 5.777 5.27 D.81% 4.750 965.000.Spread ratio (D3/D1) 2.74% 148.872 2.34% 0.00% 68.00% 0.066.095 158.098 255.Net markup/interest margin (D1-D2)/C 3.00% 64.14 35.071) 1.63 1.Other/misc.736.443.12% 1.261.000 2.944.Investment to total assets (C4/C) 3.681 (174.605.385.Borrowings from financial institutions 3.608.990 0 451.305 8.586.45% 62.41% 0.914 8.30% 0.78% 23.15% -3.654.11% 3.896 75.69% 3.705.Provision against NPL to NPLs (C7/C6) I.Markup/interest expensed 3.88% 9.65 1.906 826.43% 18.021 14.Total equity (A1 to A3) 1.186 8.391 10.254.11% 13.43% 8.06% 41.25% 37.42% 312.343 263.654 12.89% 67.605.Liquidity ratios 1.Non-markup/interest income to total assets (D6/C) 6.797.147 1.155 402.53% 4.270 15.82% 13.Net markup/interest income 4.Non-markup/interest income 7.73% 44.170 44.304.045 3.Admin.24 -30.49% 0.614 1.43% 1.637 1.Cash flow ratio 1.Bills payable 2.51% 8.914 6.Capital ratio (A/C) 2.47% 41.193.28% 5.00% (2.Break up value per share (A/E1) 4.21 -7.060 2.22 34.139 216.03 217.72% 3.994 1.826) (179.700.29 76.346 0.113.896 (979.28 2.47% 0.18% 465.709.77 -225.89 -5.136 1.Cash and balances with treasury banks 2.Efficiency ratios/profitability ratios 1.103.496 695.06% 61.45% 21.248 11.42% 47.Deposits to total assets (B3/C) 5.793 (928.306 3.Admin.882 2.Return on equity (ROE) (D10/A) 4.394 679.525 14.15% 4.00% (2.708.04% 11.06% 10.82% 62.356 0.037 (448.929.64% 132.753 3.261.47 245.376 1.805 547.288 3.714 14.655 588.Cash generated from opration activities to profit after tax (E4/D10) (times) 61 .260) 241.13% 16.00% 44.00% 0.12% 83.443.830 681.18% 0.962) 392.02% 0. liabilities C.Gross advances to borrowing & deposit C5/(B2+B3) H.355.03 15.614.198 681.66 42.49% 19.25% 34.656.225 0 508.78% 8.No.10% 46.175 134.Provisions against NPLs to gross advances (C7/C5) 3.551 362.586.363 1.089 10.820.834.36% 11.Provision against advances 8.Advances net of provisions to total assets (C8/C) 4.228.000 1.879 2.NPLs write off to NPLs provisions (D4/C7) 5.253 202.06 1.553.922 601.489.922 39.74 -31.11% 0.16% 45.Deposits and other accounts 4.846 0 1.08% 26.Total liabilities to total assets (B/C) 6. expense to non-markup/interest income (D8/D6) (times) 11.220 4.69 53.894 5.185 109.351 370.403 479.Total liabilities(B1 to B4) 1.954 430.Total assets (C1 to C4 + C8 to C10) 1.581 366.498.33 11.009.NPLs to shareholders equity (C6/A) 4.Net markup/interest income after provisions 6.956 (377.57% 8.626) 1.203 130.992 6.503.75% 131.776 2.625.733.89 41.47% 19.Administrative expenses 9.Profit/(loss) after taxation E.483 4.939 2.607 375.529.91% 25.Gross advances 6.647 401.013) 3.241 374.027 1.Profit & loss account 1.293 121.009 9.774 148.571.90 44.33% 0.017.Cash dividend 3.623 17.Return on assets (ROA) (D10/C) 5.754 550.50% 2.07 0.655.Share capital 2.61% 470.74% 2.85% 3.56% -2.92% 17.Earning per share (D10/E1) G.14% 173.020.794 826.012 8.775 3.298 230.81% 34.647. (D8/D9) (times) 9.247 1.586.Other items 1.30% - - - 348.584 6.755 435.43% 50.19% 8.245.727 (749.63 20.01% 32.15 7.Stock dividend/bonus shares 4.269 9.Cash generated from operating activities 5.586 120.416 1.299 680.Capital /leverage ratios 1.94 0.673 7.775 0 558.000.634 1.894 6.146 678.690 13.866) 3.36% 193.40 -7.Non-markup/interest expenses 8.05% 445.783 984.Financial Statement Analysis of Financial Sector THE PUNJAB PROVINCIAL COOPERATIVE BANK LIMITED Items A.11 0.113.544 596.135.837.00% 0.81% 32.51% 1.000 1.40% 2.570.436 0 799.007.61% -0.398.620 7.441.86% -0.735 3.Reserves 3.511 434.08 3.229 87.198 4.232.195 4.442 2.Un appropriated profit 4.Profit/(loss) before taxation 10.667 4.712.08 -1.725.393 596.250.228.539.264 129.452 429.017 5.Non-performing loan to gross advances (C6/C5) 2.230.07% 50.430.63 48.071) (979.031.089.19% 2.366 306.Advances net of provision (C5-C7) 9.291 0 1.Others B.Cash & cash equivalent to total assets (C1+C2)/C 2.662 508.711 55.14% 0.76% 21.10 21. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 934.779.303 0.873 814.639) 3.919 4.00% 35.914 7.

171.244.55% 5.Non-performing loan to gross advances (C6/C5) 2.00% 4.713.489.13 34.) to total assets(D5/C) 7.Investment to total assets (C4/C) 3.Deposits to total assets (B3/C) 5.240 5.743.306 306.00% 0.535.441 1.742 1. liabilities C.Commitments and contigencies F.955.817.09 D.623 3.Assets quality ratios 1.924.36% 36.46 18.222 8.077 19.007.657 8.692.Net markup/interest income 4.794.722 3.17% 81.Non-markup/interest income to total assets (D6/C) 6.NPLs to shareholders equity (C6/A) 4.510.448 84.74% 1.877.441 1.23% 76.715.411 4.936 1.83% 23.50% 0.66 0.311.425.311.274) 5.Balances with other banks 3. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 14.476 5.03% 65.244 22.623 3.953 5.37 38.84% 68.733 10.252.805 392.Other/misc.16% 8.441 8.086.799.411 6.488 11.87% 4.252.855.117 51.365.40% 3.00% 1.371.504.606.792.70% 3.60% 2.792 102.958 92.466.Markup/interest earned 2.826.869.Net markup/interest income(after prov.Return on assets (ROA) (D10/C) 5.257.Cash dividend 3.559.88% 0.13% 1.005.497 1.434.923.Share capital 2.51% 4.61 0.Other/misc.168 95.233 70.15 2.30% 83.732.84 39.611 10.692.765 5.624 12.41% 0.462.257.00% 0.252.351.770.290.812 12.040 51.919 17.Non-markup/interest income 7.89% 24.Total equity (A1 to A3) 1.585.32% 80.93% 1.615.167.737 5.026.Total liabilities to total assets (B/C) 6.800.51% 137.51% 137.582.36% 1.580 11.Others B.418.54 16.146.105 1.252.84% 68.577 1.706 1.441 1.244 0.67 13.Markup/interest expense to markup/interest income (D2/D1) 8.08 58.962.37 0.371.248 12.54 12.33% 4.202 494.433.02% 1.281 117. (ZTBL) Items A.751 69.223 7.Capital /leverage ratios 1.169 3.377 3.257.71 15.30% 5.88% 0.Commitments & contingencies to total equity (E5/A) (times) 3.199.67 13.Net markup/interest income after provisions 6.846.277.923.961 0.304 0 7.15 2.Administrative expenses 9.06% 0.00% 0.715.792 102.05% 48.896.636 3.032.726 4.244 0.881.32 16.884. of ordinary shares 2.49 0.03% 126.30% 82.62% 6.52% 60.54% 962.Cash flow ratio 1.170 27.00% 6.Non-markup/interest expenses 8.13 34.11% 8.701 3.62% 9.328 3.841.64% 55.65% 7.816 16.213 9.32 17.50% 0.67% 72.22 1.006 867.706 122.Cash & cash equivalent to total assets (C1+C2)/C 2.Bills payable 2.65% 8.400 3.213 8.005.690 77.43% 18.411 4.07 1.Cash and balances with treasury banks 2.846.475 3.NPLs write off to NPLs provisions (D4/C7) 5.66% 17.862.674.43% 76.212 1.888.451 8.Provision against advances 8.87% 4.257.846 3.493 208.455.No.Borrowings from financial institutions 3.80% 44.495 16.313.449 20.402.61 1.00% 41.66 0.282.Cash generated from operating activities 5.448 84.046 4.378 51.248 12.10 30.98% 1.227.09 1.788.86% 152.25% 41.995.319 4.08 58.553 613.69% 16.131.449 16.916.20% 11.00% 2.79% 0.522.78 2.489.Net markup/interest margin (D1-D2)/C 3.516 78.457 37.Lending to financial institutions 4.20% 7.612 565. expense to profit before tax.Gross advances 6.Markup/interest expensed 3.13% 1.244 0.861.59% 3.351 3.744.812 12.13% -0.462 11.682 12.65% 3.00% 41.Efficiency ratios/profitability ratios 1.Total deposit to total equity (B3/A) (times) J.74% 0.70% 16.Profit/(loss) before taxation 10.60% 9.751 69.891 3.Reserves 3.Other items 1.813 1.472.420 61.520.167 10.53 0.960 3.Return on equity (ROE) (D10/A) 4.Break up value per share (A/E1) 4.581 7.433.Admin.813 1.540.259 3.70% - - - 116.64% 4.788.623 842.502.610.103.444 0 12.09 1.Capital ratio (A/C) 2.182.322.772 34.30% 5.615 7.11% 39.070.086.441 2.495 16.325 84.Advances net of provisions to total assets (C8/C) 4.745.056.657 8.144.212 1.288.606.104 5.290 9.00% 0.Profit & loss account 1.033.657.55% 5.511 4.906 1.280.159 2.070.371 84.Advances-non-performing/classified 7.92% 86.275 2.213 5.726 51.610.953 5.259 3.49 0.176.594 1.949 2.Provisions against NPLs to gross advances (C7/C5) 3.52% 60.12% 6.39 6.145.622 93.20% 17.425.574 23.213 4.632 685.Gross advances to deposits (C5/B3) 7.Cash generated from opration activities to profit after tax (E4/D10) (times) 62 .041.Earning per share (D10/E1) G.213 5.846.170 27.047.67% 0.582.998.Gross advances to borrowing & deposit C5/(B2+B3) H.84% 69.46 18.33% 4.522.22% 0.202 494.58% 15.93% 11.144.06% 0.378 51.435 9.082 51.30% 83.90% 1.186.14% 1.033.988.313.222 8.Admin.726 4.Fixed assets 10.Provisions and write-offs 5.698 92.Total assets (C1 to C4 + C8 to C10) 1.739 0 7.995.75% 2.632.054.955.00% 0.580 11.467.214 4.460 0 4.87% 0.475 3.244 0.Deposits and other accounts 4.365.718.Stock dividend/bonus shares 4.615 7.Profit/(loss) after taxation E.070.92% 151.484.998. expense to non-markup/interest income (D8/D6) (times) 11.591 682.280.708.Un appropriated profit 4.10% 4.484.99% 39.843 98.911 1.864.770.89% 24.Financial Statement Analysis of Financial Sector ZARAI TARAQIATI BANK LTD.Non-markup/interest expense to total income D7/(D1+D6) 10.813 10.65% 3.988.985.460 0 4.Advances net of provision (C5-C7) 9.63% 83.92% 17.389 1.985.02% 1.690 77.50% 21.633 2.149 1. (D8/D9) (times) 9.Provision against NPL to NPLs (C7/C6) I.Total liabilities(B1 to B4) 1.18 2.497 1.Investments 5.03 0.579 1.888.47 1.520.155 11.924.78 2.29% 0.928 7.26% 4.476 2.522.00% 1.169 3.88 58.553 613.651 (42.633 2.178 7.157.290.49 60.906 1.286 9.727.426 16.257.842 1.Liquidity ratios 1.313.861.023 3.276.475 12.046 4.602.924.778.732.30 16.522.Spread ratio (D3/D1) 2.

890.834 38.831 26.Advances net of provision (C5-C7) 9.31 13.113.41% 2.177.507.026 12.Profit/(loss) after taxation E.Total deposit to total equity (B3/A) (times) J.351 167.465.798.793.675 34.964 17.183.Financial Statement Analysis of Financial Sector Foreign Banks .226 16.67% 1.07% 85.809.990.50 43.Investment to total assets (C4/C) 3.72% 74.292 18.79% -13.41% 9.772.Cash & cash equivalent to total assets (C1+C2)/C 2.Provision against advances 8.119 12.484 3.758 46.Net markup/interest margin (D1-D2)/C 3.596 16.416.621.638 1.Net markup/Interest income (after prov.69 3.848.53% 15.144.774 34.773 5.Borrowings from financial institutions 3.222 8.Cash and balances with treasury banks 2.Markup/interest expenses 3.211.60% 63.031 11.600.660.085.Other items 1.Non-markup/interest income 7.73% 9.166 79.454 255.891 32.86% 187.036.223.06% 1.05% 2.131.Lending to financial institutions 4.638 18.334.Provision against NPL to NPLs (C7/C6) I.30% 2.Non-markup/interest expense to total income D7/(D1+D6) 10.227 4.22% 1.Profit & loss account 1.215.573 682.932 1.53% 53.997 2.095 10.361 6.992 65.Total equity (A1 to A3) 1.754 234.205 34.924 104.853) 200.240.21% 26.480.870 6.33% 6.Overall Items A.Cash generated from operating activities 2.218 4.Provision against NPLs to gross advances (C7/C5) 3.183 9.171 (532.476.89% 0.22% 67.30% 51.854.841 (109.564 7.572) (809.551.793 21.861 456.Administrative expenses 9.73% 41.473 (59.64% 8.Head office capital account 2.253.938.065.540.Admin expense to profit before tax.404 17.93 49.346.320 75.989 9.71 D.518 5.950 5.81% 19.661 9.565 400.759.57% 2.03 14.77% 85.427.79 4.881.198) 153.77% 1.Advances-non-performing/classified 7.47% 66.Other/misc.29 14.88 .10% 3.613 1. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 19.33 33.593 10.19% 21.Total assets (C1 to C4 + C8 to C10) 1.42 6.02% 2.610 95.Liquidity ratios 1.44% 6.17% 59.100 (850.921 4.Return on equity (ROE) (D10/A) 4.33% 80.14% 24.422) 512.519.794.522 6.57 37.112 4.Markup/interest expense to markup/interest income (D2/D1) 8.419.Advances net of provision to total assets (C8/C) 4.390 1. liabilities C.759 5.228 117.408.161 5.046 445.85% 2.79% 77.776.494.83% 98.(D8/D9) (times) 9.346.482 3.828 26.79% 89.713 12.739.218 92.00% 2.793 10.81% 34.137 156.678 12.72% 5.63% 16.071 113.Spread ratio (D3/D1) 2.Others B.330.339 2.72% 8.909 66.Gross advances to deposit (C5/B3) 7.600.10% 53.071.482.25% 26.807 125.325.Cash generated from operating activities to profit after tax (E1/D10) (times) 63 -32.440.009 5.Investments 5.838.106 42.06% 123.589.49 14.935.311 3.008 4.Non-performing loan to gross advances (C6/C5) 2.92% 12.Total liabilities (B1 to B4) 1.12 16.374.136.730.929 147.61 4.22 7.Return on assets (ROA) (D10/C) 5.33% 2.47 50.45% 63.49 16.697 71.22% 54.685.298.09% 181.Assets quality ratios 1.135 10.567.077 23.536.Provisions and write-offs 5.381.693.310 3.092.Commitments & contingencies to total equity (E2/A) (times) 3.318.297.563.Other/misc.590.85 4.Profit/(loss) before taxation 10.412.81% 44.28% 2.95% 4.213.73% 37.715 871.78% 4.775 5.870.653 33.Reserves 3.NPLs write off to NPLs provision (D4/C7) 5.883 7.627. to non-markup/interest income (D8/D6) (times) G.246.46% 6.744 10.34% 2.423.76% 83.97% 49.954 52.745.048 5.246.580 160.487 12.458 88.Capital ratio (A/C) 2.197.07% 3.633.Fixed assets 10.727.70% 1.659 16.652 4.584.743 36.224 29.032.666.985.354.022 12.921.42% 2.817.486 15.092.117.027.937 2.615.Gross advances to borrowing & deposit C5/(B2+B3) H.29% 17.984 38.788.378) 20.) to total assets(D5/C) 7.206 13.841 9.711 24.846 32.60% 1.608.NPLs to total equity (C6/A) 4.79 45.648 959.100 11.52% 11.81% 88.424.313.430 24.891 4.19 50.719.12 48.332.Capital/leverage ratios 1.491 0 2.360.454.72 34.Deposits to total assets ( B3/C) 5.093.89% 1.43% 1.263.Admin.223.Efficiency ratios/Profitability ratios 1.362.795 (156.386 90.866.568.42% 26.Balances with other banks 3.Non-markup/interest expenses 8.46% 1.512 650.265 35.229 101.282 15.936.711 3.991 4.018.541 4.328 21.490 11.76% 0.22% 28.18% -2.844.805 2.898.43% 66.730.098.504.250 6.977 172.85% 3.276 32.803.306 233.987.641 241.39% 22.63% 43.369.054.984 22.464.71% 11.165 30.922.30% 4.Gross advances 6.133.609.252 4.561.730.668 9.273 (290.18% 21.477) 205.997 34.967.101.411.34% 43.26% -0.145 90.753 149.746.802) 198.972 389.90% 1.02% 65.589 9.390.274.884.658 (834.046.Markup/interest earned 2.03% 17.428.21% 4.14% 67.25% 2.72% 10.421 9.Commitments and contingencies F.Total liabilities to total assets (B/C) 6.58% 4.607 34. exp.Non-markup/interest income to total assets (D6/C) 6.422 3.404 73.623 22.748 18.Cash flow ratio 1.913.269.13% 50.827 19.297.686.52% 70.340.101.38% 9.425.807 28.92% 15.960 3.146 9.906 2.900 19.13% 44.68% 64.61% 38.92% 12.785 2.369 32.597.99 43.52% 10.426.176.810) 212.538 5.Net markup/interest income after provisions 6.Bills payable 2.655 2.243 4.046.87% 10.Unremitted profit 4.923.286 3.491 7.504 23.58% 1.223 2.11% 9.232.592.130.02% 85.21% 45.Net markup/interest income 4.93 -0.Deposits and other accounts 4.262 2.697.744.372.

436.02% -12.942 644.060 6.476.033 1.72% 57.272.842 24.Balances with other banks 3.127 1.Profit & loss account 1.855) (8.228.38% 63.414) 1.313) 5.Commitments and contingencies F.841 463.920.Non-markup/interest income 7.366.Cash flow ratio 1.999 2.397 802.00% 100.Others B.000.Unremitted profit 4.39% 10.397 1.756 0 (3.486 28.320.395 2.625 42.649 6.95% -1.437.Gross advances to deposit (C5/B3) 7.470.27% -1.58% 3.94% 3.332.839) 2.646.016 - 5.01% 78.840.93% 3.91 - 8.133 (1.Assets quality ratios 1.700.(D8/D9) (times) 9.052 612.77% -2.02% 9.517.770 3.Total equity (A1 to A3) 1.557.31% 10.76% 59.19% 76.713.756.635.Fixed assets 10.29% 27.172 18.611 573.53 -12.471 460.05% 3.476.Net markup/interest margin (D1-D2)/C 3.884 2.33% 83.550 392.834.Other items 1.84 G.Gross advances to borrowing & deposit C5/(B2+B3) H.99% 2.92% 55.091 2.Deposits and other accounts 4.009.675.023.330.909 1.649.45% 59.14% 2.73% 2.Net markup/interest income 4.363 445.564 0 (2.00% 0.Net markup/Interest income (after prov.36% 9.649 1.Markup/interest expense to markup/interest income (D2/D1) 8.43% 0.049 508.10 34.985 2.695 2.406 2.414) (809.Provision against NPL to NPLs (C7/C6) I.Cash and balances with treasury banks 2.17% 2.27% 75.785 1.34% 59.897.663 2.157 D.99 11.Deposits to total assets ( B3/C) 5.753 931.542) 5.099.808 9.727 2.181.41% 45.42% 1.279.988.554.282 48.Financial Statement Analysis of Financial Sector BARCLAYS BANK PLC Items A.Liquidity ratios 1.444 6.358 517.315 0 33.Investment to total assets (C4/C) 3.901 5.968 18.849) 41.415 1.57% 9.625.024.90% 86.475.17% 3.700.679.88% 40.23 4.683) (1. liabilities C.542.904 4.Markup/interest expenses 3.474 1.Other/misc.315 (1.Spread ratio (D3/D1) 2.857.423.Investments 5.Non-performing loan to gross advances (C6/C5) 2.426.912.490.040 256.Non-markup/interest expense to total income D7/(D1+D6) 10.590 2.Provision against NPLs to gross advances (C7/C5) 3.062 1.Return on equity (ROE) (D10/A) 4.Non-markup/interest income to total assets (D6/C) 6.149 1.865 2.604.42% 3.224.128) 4.657 - 832.33% 42.128 3.014 268.Profit/(loss) before taxation 10.NPLs to total equity (C6/A) 4.83% 62.484.517 (2.Total deposit to total equity (B3/A) (times) J.917 9.Total assets (C1 to C4 + C8 to C10) 1.70 116.517.264.60% 55.Markup/interest earned 2.65% 54.249 7.91% 60.422 8.153.878 1.93% 0.35% 0.41 197.545 20.23% 3.193 17.39% -12.014.75% 2.193.79% -3.244 2. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - 6.64% 20.900 0 (809.30 16.14% 37.343 1.336.234 23.563 2.Cash & cash equivalent to total assets (C1+C2)/C 2.391.033.Total liabilities (B1 to B4) 1.66% 0.964 3.) to total assets(D5/C) 7.Reserves 3.017.29% 0.Cash generated from operating activities 2.Lending to financial institutions 4.998.53% 36.61% 82.14 6.343.975.260 723.328 44.208.Admin.Efficiency ratios/Profitability ratios 1.976.791.Capital/leverage ratios 1.39 2.42% 2.725.665 335.40 .Non-markup/interest expenses 8.07% 13.26% 66.609.664.12% 66.214 21.966 58. to non-markup/interest income (D8/D6) (times) - 59.697.622.219 653.00% - 5.47 4.77% 0.Advances net of provision to total assets (C8/C) 4.451.671.30% 10.73% 0.915.Cash generated from operating activities to profit after tax (E1/D10) (times) 64 9.865 359.338 497.15% 43.98% 88.Administrative expenses 9.453 981.859 928.843) (799.164 2.486 7.507 18.Head office capital account 2.456 2.Borrowings from financial institutions 3.032 1.038.812.408 4.022 9.357 10.07% 48.371 17.14% -24.707 29.849 9.Return on assets (ROA) (D10/C) 5.Other/misc.37 13.841 9.175.Bills payable 2.99% 41.336.03 52.Provision against advances 8.34% -1.301.Net markup/interest income after provisions 6.Provisions and write-offs 5.901 9.46% 6.414) 3.246 9.953 3.327 33.280.886 1.234 32.Admin expense to profit before tax.048 194.Advances-non-performing/classified 7.45 - -7.485.127 317.Profit/(loss) after taxation E.Capital ratio (A/C) 2.333 161.578 35.89% 3.756.743 11.Commitments & contingencies to total equity (E2/A) (times) 3.155 14.085 4.01 -1.486.206 72.134 1.08% 1.NPLs write off to NPLs provision (D4/C7) 5.921.90 36.00% 36.Total liabilities to total assets (B/C) 6.242 51.244 50.Gross advances 6. exp.515 1.369 21.12% 1.17% 74.756.958.93% 39.11% 1.506.33% 6.381.43% -3.80% - 0.079 21.707.Advances net of provision (C5-C7) 9.57% 43.339 2.643 402.434.63 40.139.189.507.96% - 25.801 2.061.49 37.39% 70.756 0 (2.46% 58.480.663 2.

856.46% 64.43% 2.Assets quality ratios 1.57% 11.Investments 5.Bills payable 2.279.417.262.139.749 1.429 2.058.309.55% 1.573 (126.NPLs to total equity (C6/A) 4.97% 10.Non-markup/interest expense to total income D7/(D1+D6) 10.15% 43.627.755 6.Investment to total assets (C4/C) 3.47% 99.151 5.137) 86.799.569.Total liabilities to total assets (B/C) 6.Cash generated from operating activities 2.071.320.022 24.168.057 60.48 3.837.420.786 4.Unremitted profit 4.780.686 2.403 634.033 10.729 1.142.976.33% 19.943.194.Provision against NPLs to gross advances (C7/C5) 3.371) 86.213 865.759 5.848 92.01% 53.16% 90.580.Administrative expenses 9.155.654.001 1.815 9.51% 4.05% 3.49% 36.820.241.265 287.029 1.919.Other items 1.136.Profit/(loss) before taxation 10.715 1.699.27% 25.Cash generated from operating activities to profit after tax (E1/D10) (times) 65 .) to total assets(D5/C) 7.Deposits and other accounts 4.60% 19.635.40% 62.953 10.987.64% 63.076 2.282 10.48% 50.053.63% 51.231.735.77% 70.032 3.335 5.42% 91.778.370 4.812.836 1.263 4.44 10.471 1.353.Reserves 3.849 800.Liquidity ratios 1.36 200.Financial Statement Analysis of Financial Sector CITI BANK N.Cash and balances with treasury banks 2.147.10% 2.824 4.17% 1.Admin.86 6.991 19.373.409.037 (2.65% 9.Other/misc.780.474.340.951.209.756.19% 68.455 1.101 61.779.45 52.684 18.851 7.049.12% 9.11% 3.201 92.132.30% 2. liabilities C.548 (153.08% 20.Advances net of provision (C5-C7) 9.515 11.62% 16.977.09 5.Fixed assets 10.236.477) 194.133.Non-markup/interest income 7.003 422.047 5.631 1.017.879 1.022 (53.884 2.120.702 5.721) 81.530.731.286 3.488.411 58.13% 66.645 8.720.266.15 38.244.24 35.561.914 896.942.76 9.42% 1.Borrowings from financial institutions 3.410.70% 8.04% 41.912.876 51.39% 33.851 4.689.053.671 4.Efficiency ratios/Profitability ratios 1.885 1.724 1.Capital ratio (A/C) 2.652.Total deposit to total equity (B3/A) (times) J.975 4.527.768 22.090 5.Commitments & contingencies to total equity (E2/A) (times) 3.589 3.190 96.65% 88. A.48% 4.640 7.127.89% 31.Gross advances to deposit (C5/B3) 7.396.377 4.49% 1.Lending to financial institutions 4.91% 47.20% 47.484.704 307.698 4.Head office capital account 2.167 17. to non-markup/interest income (D8/D6) (times) G.Net markup/interest margin (D1-D2)/C 3.934 4. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 6.201.190.283) 88.001.164.227 3.43% 21.198.549.131) 255.202.742.656 4.63% 0.638.03% 0.Advances net of provision to total assets (C8/C) 4.938 10.814 1.699 7.63% 36.29% 104.45% 5.339.830 7.24% 17.449 21.482.267 1.Markup/interest expenses 3.95% 5.457.853 8.94 34.892.203.Cash flow ratio 1.42% 0.199.90% 30.394.12% 22.93% 14.204.546.16% 18.304.317 23.32% 5.97% 3.040 5.Advances-non-performing/classified 7.Total liabilities (B1 to B4) 1.Total assets (C1 to C4 + C8 to C10) 1.76% 1.197.991 118.Profit/(loss) after taxation E.38% 144.64% 33.278.89 55.325 97.460 2.68% 43.903 1.276.73% 2.36% 33.011 89.Net markup/Interest income (after prov.28% 45.940 2.065 41.294 1.342.780 2.88% 16.990.Net markup/interest income after provisions 6.63 54.506.908 273.Net markup/interest income 4.844.083 49.798.Non-markup/interest expenses 8.800 7.553.282 5.89% 39.67% 8.42% 63.86% 1.891 1.612 5.22 6.824 28.385 1.204 4.853 3.117 192.450 9.245.81% 2.812.332 5.876 3.11% 4.285.345 75.955.88% 1.51 58.31% 1.181.772 101.Return on equity (ROE) (D10/A) 4.06% 48.18 33.307 43.983.740.988 65.658) 92.NPLs write off to NPLs provision (D4/C7) 5.780. exp.861 14.583.57% 228.00% 176.661 33.64% 23.507.797 6.02% 93.98% 8.379.456 6.95 8.05% 3.671 149.148 4.735.671 125.Markup/interest expense to markup/interest income (D2/D1) 8.16% 74.573 2.71% 41.038 68.196 17.902.028.Admin expense to profit before tax.05% 0.136 6.77% 90.Commitments and contingencies F.260 0 936.255.89 9.Cash & cash equivalent to total assets (C1+C2)/C 2.144.973 9.Gross advances to borrowing & deposit C5/(B2+B3) H.Return on assets (ROA) (D10/C) 5.827 10.12% 6.706.Spread ratio (D3/D1) 2.67% 48.336 2.50% 53.Markup/interest earned 2.086.217 31.122.69 0.Non-markup/interest income to total assets (D6/C) 6.449 9.068.Other/misc.152.789 1.826.034 2.Non-performing loan to gross advances (C6/C5) 2.316 50.047.74% 32.163 1.660.24% 3.044.399.588 88.204 15.149.124.912 7.757.Capital/leverage ratios 1.394 (1.35% 26.Others B.79% 3.204 4.29% 13.Profit & loss account 1.76% 5.68% 22.Deposits to total assets ( B3/C) 5.39% 3.50% 111.22% 93.755 1.59 32.443.730 7.087 5.233 3.959.604 11.61 7.957.67% 44.954 4.75 D.Total equity (A1 to A3) 1.312 68.47 11.Provisions and write-offs 5.Gross advances 6.060 9.814 14.678.468.08% 1.Balances with other banks 3.72 9.629 4.486.668 5.562.523.211 1.382 302.171.362 9.440 1.677.953 3.(D8/D9) (times) 9.358.538 2.10% 90.72% 18.158.600 (494.449.623 11.27% 4.06% 74.10 -1.511 (274.785 1.196 50. Items A.65 -3.655.166.651.18% 64.788 5.879.Provision against advances 8.89% 34.71% 5.505 6.Provision against NPL to NPLs (C7/C6) I.347 3.002.863 9.

135 1.39% 21.053.093 5.Spread ratio (D3/D1) 2.23% 3.53 66.74% 18.23 34.NPLs to total equity (C6/A) 4.183.606 130.85% 2.878 831.53% 2.945 1.386 5.50 4.750 324.92% 54.223.69 32.92% 11.213 3.018 199.Non-markup/interest expenses 8.667.05 20.521 10.34% 0.065.(D8/D9) (times) 9.12% 13.245.Fixed assets 10.853 0 702.074 759.199 5.00% 88.744 741.280 868.Efficiency ratios/Profitability ratios 1.111.743 1.669 37.065 38.715.64% 56.Investment to total assets (C4/C) 3.590.30% 20.48% 78.377 625.528 381.566 40.81% 6.Assets quality ratios 1.743 (232) 17.542 (321) 12.98 1.44 21.87% 6.128.134 6.80% 91.30% 11.Net markup/interest income 4.634.934 22.525 1.447 6.640.919 (3.722.883 4.933 248.727.46% 4.323.600.491 3.729.Gross advances to borrowing & deposit C5/(B2+B3) H.585.505 7.Cash generated from operating activities to profit after tax (E1/D10) (times) 66 .876 0 1.144.77 78.23% 5.65 1.Liquidity ratios 1.987.63% 6.72% 29.44% 61.446) 98.628.00% 0.265 3.350.Provision against NPL to NPLs (C7/C6) I.Markup/interest earned 2.341 871.752 805.795 708.050 1.82% 4.679.01% 4.Unremitted profit 4.74% 119.592 296.84 5.43% 0.334.87% 5.20% 5.275 101.012 813.103.183 376.587.Profit & loss account 1.538) 16.011 120.71% 3.522.23% 22.907 1.978 556.947 3.Commitments and contingencies F.Net markup/interest margin (D1-D2)/C 3.772 238.046.218 1.99% 72.) to total assets(D5/C) 7.Cash & cash equivalent to total assets (C1+C2)/C 2.Bills payable 2.34% 0.77 1.909 3.37% - 4.010.Net markup/Interest income (after prov.Balances with other banks 3.292.017 641.Head office capital account 2.523 8.74 32.699.146 0 2.983 15.241.Total equity (A1 to A3) 1.94% 9.319 3.95 D.853 (1.606.62% 34.15% 47.714.263 715.754.640.524 532.00% 52.30% 27.118.Total liabilities to total assets (B/C) 6.51 28.020 5.33% 21.307.517 381.Non-markup/interest expense to total income D7/(D1+D6) 10.05% 7.53% 3.069 592.23% 69.Non-performing loan to gross advances (C6/C5) 2.Return on equity (ROE) (D10/A) 4.367 5.742.853. to non-markup/interest income (D8/D6) (times) G.42% 56.242.85% 1.Cash flow ratio 1.Provision against NPLs to gross advances (C7/C5) 3.90% 0.245.16 2.670 999.094 1.457.398 6.031 400.033.26% 5.Capital ratio (A/C) 2.03% 12.229 509.309 3.Markup/interest expenses 3.18% 2.259.05% 11. liabilities C.012 4.632 43.Others B.54 61.005.67% 61.57% 2.738 4.948 419.191 (11.73% 38.19% 16.006 25.77 1.69% 14.37% 4.170 490.547 6.420 21.236 2.230 1.411.172 679.714.79% 58.Deposits and other accounts 4.032.418 3.476 653.413 0 16.221.309.Gross advances 6.Markup/interest expense to markup/interest income (D2/D1) 8.695.Provisions and write-offs 5.232 2.014 1.Advances-non-performing/classified 7.924.98 38.69 31.16% 79.Return on assets (ROA) (D10/C) 5.Admin expense to profit before tax.Borrowings from financial institutions 3.14% 0.550) 41.53% 4.591 1.135 534. exp.013.931 4.02% 26. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 3.665.284.389 1.573.27% 106.30% 10.786 2.041.Lending to financial institutions 4.382 871.724.Financial Statement Analysis of Financial Sector DEUTSCHE BANK AG Items A.011 572.Other/misc.266 21.15 27.110 (266.431 1.022 4.38% 92.789 217.709 128.517 3.91% 9.952 3.464 288.95% 11.772 2.095.55% 0.Capital/leverage ratios 1.Admin.209 2.599.251 107.168 834.374.32 2.86% 100.084.225 2.948 110.683.877.Investments 5.317.18% 3.47% 0.162 4.94% 7.051 653.138 242.387.54 69.146 2.25% 15.411 3.274.514 725.337 3.11% 30.294 1.220 17.Reserves 3.Gross advances to deposit (C5/B3) 7.702 0 1.15% 33.202 815.25% 12.285 66.Commitments & contingencies to total equity (E2/A) (times) 3.257 3.Total assets (C1 to C4 + C8 to C10) 1.46% 26.059 1.324.50 -2.60% 29.Other items 1.062 11.503.734 1.Non-markup/interest income to total assets (D6/C) 6.72% 15.94% 38.434.355 766.390 6.250 127.971.140.658) 14.92% 0.13% 11.021 17.75% 60.199.Administrative expenses 9.169.489 4.523.764.Total liabilities (B1 to B4) 1.047.Profit/(loss) after taxation E.858 354.13% 0.923 400.063.571 1.Other/misc.Advances net of provision to total assets (C8/C) 4.632 5.56% 11.38 -0.Cash generated from operating activities 2.014 48.77% 39.033 0 1.562.Total deposit to total equity (B3/A) (times) J.Deposits to total assets ( B3/C) 5.287 514.95% 63.Cash and balances with treasury banks 2.224 (34) 10.NPLs write off to NPLs provision (D4/C7) 5.17% 20.571 4.728 443.76% 32.58% 5.123.065.293 1.891 6.869 3.81% 25.292 504.796.Provision against advances 8.214 4.04% 1.66% 1.86% 30.062.54% 6.558 1.16 30.Advances net of provision (C5-C7) 9.43% 49.80% 0.79% 7.Profit/(loss) before taxation 10.450 1.160 863.75% 21.97% 29.79% 69.115 382.205.049.15% 12.244 574.556.343 6.79% 0.160.55% 65.Net markup/interest income after provisions 6.96% 0.838.165 2.949 312.445 3.Non-markup/interest income 7.659 776.

302.89% 0.94% 78.35 7.11% 2.66% 2.535 0 892.91% 9.443 824.266.100.952.431 410.420 1.303 76.95% 1.01% 11.09% 6.793.653 161.206.90% 9.885 5.27% 35.248.Other/misc.325 1.016 841.268 0 499.701.86% 4.21% 2.085 288.337 6.Borrowings from financial institutions 3.575 46.Provision against NPLs to gross advances (C7/C5) 3.06% 24.289.Provisions and write-offs 5.712 5.140.41% 0.50% 92.962 2.045 4.837.90 7.39% 1.48 39.40% 0.035.339.475 421.549.Other items 1.796.713 23.28 7.130 1.35% 58.914 341.77% 75.401.510.Gross advances to borrowing & deposit C5/(B2+B3) H.99% 3.460.Assets quality ratios 1.46 10.698.256 3.661 2.078.47% 78.196 39.55% 4.898 6.638 453.Capital ratio (A/C) 2.65% 6.149 265.Net markup/interest income 4.974 1.119.Advances-non-performing/classified 7.901 1.Total liabilities (B1 to B4) 1.41% 41.306 8.932.574 1.032.619.682 2.493 40.739.Profit/(loss) before taxation 10.577.Spread ratio (D3/D1) 2.372 5.11% 48.Non-markup/interest expense to total income D7/(D1+D6) 10.770.171.Provision against NPL to NPLs (C7/C6) I.031 2.119 0 471.Cash flow ratio 1.733.253 25.58% 0.Return on assets (ROA) (D10/C) 5.10% 54.928.749 1.Investment to total assets (C4/C) 3.707.950 25.33% 3. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 2.003 793.433 266.72% 89.659 37.200.14% 1.592 500.260 762.Commitments & contingencies to total equity (E2/A) (times) 3.220 223.778 (1.987 0 985.Reserves 3.335 4.254.015 2.197 2.405 46.92% 47.880 4.44 9.Net markup/interest income after provisions 6.919.Markup/interest expense to markup/interest income (D2/D1) 8.593 1.968.962.Deposits to total assets ( B3/C) 5.015 4.98% 37.77% 3.Total liabilities to total assets (B/C) 6.813.Gross advances 6.13% 12.29% 74.90% 58.08% 104.16% 61.617.941.791) 2.989 19.Cash & cash equivalent to total assets (C1+C2)/C 2.268 757.362.06% 10.386.023.431.088 260.916.Deposits and other accounts 4.54% 60.085 1.26% 24.87% 1.64% 1.028 6.176.Liquidity ratios 1.443.22% 2.291.Provision against advances 8.16 49.076.849.Unremitted profit 4.738 25.51% 1.363.NPLs write off to NPLs provision (D4/C7) 5.005.255.86% 89.775 7.01% 7.241 59.15 45.379 994.74% 50.15 -6.40 10.Bills payable 2.063 301.79% 60.171.868.36% 2.86% 1.43% 92.591.713.021.35% 45.967 1.345 (1.546 1.023.Total deposit to total equity (B3/A) (times) J.443.284 2.82% 1.97% 2.97% 51.039 48.399 (389) 29.99% 63.563 1.Balances with other banks 3.Capital/leverage ratios 1.87% 20.30 40.526 186.64% 24.346 1.002) 46.33% 1.628.Non-markup/interest income to total assets (D6/C) 6.Non-performing loan to gross advances (C6/C5) 2.43% 2.588.531 4.Admin expense to profit before tax.260.868 29.13% 4.03% 0.298 4.321 51.280) 58.670 53.515.Fixed assets 10.00% 18.411.470 225.15 6.032.Financial Statement Analysis of Financial Sector HSBC BANK MIDDLE EAST LIMITED Items A.93% 59.Commitments and contingencies F.556 99.388 657.005.149 3.21% 2.62 34.87 36.05% 129.161 23.86% 69.941 8.104 (7.Net markup/Interest income (after prov.861 7.94% 0.512.553.75% 0.177 34.243 102.79 D.74% 2.081 587.355.179) 52.732 10.827 22.242.19% 68.949.Cash and balances with treasury banks 2.990 9.873.06% 81.21% 7.954.967 509.861 1.910 126.393 2.640 1.911 3.26% 0.Administrative expenses 9.889.442.(D8/D9) (times) 9.223.62 16.799 20.547 0 622.496.518 2.216 1.50% 44.81% 4.Profit & loss account 1.971.Admin.511.619.60% 4.264.Advances net of provision to total assets (C8/C) 4.44% 39.60% 89.310.Markup/interest earned 2.03% 18.700 22.44 39.92% 4.Non-markup/interest income 7.353.120 1.48% 3.Cash generated from operating activities to profit after tax (E1/D10) (times) 67 .592 5.99% 13.589 92.Return on equity (ROE) (D10/A) 4.Net markup/interest margin (D1-D2)/C 3.008 16.Total assets (C1 to C4 + C8 to C10) 1.23% 3.Total equity (A1 to A3) 1.062 7.124 1.530 17.938 22.200.92% 0.500.938.117 745.95% 2.01% 90.776 363.703.42% 0.087 396.567 (2.96 10.288 1.Head office capital account 2.246 4.754.960 6.120.925.333 1.563 2. liabilities C.39% -54.622 56.25 39.Advances net of provision (C5-C7) 9.22% 2.314 308.11% 1.85 -2.954 3.Profit/(loss) after taxation E.79% 87.466 471.916.682.633 21.034) 43.193 19.742 2.969 1.281 1.64% 7.354.005.Non-markup/interest expenses 8.565 4.728 6.772 2.49 12.Markup/interest expenses 3.829 5. exp.14 15.803 849.24 14.Lending to financial institutions 4.Other/misc.903 2.91% 3.071.91% 12.500.262 (794.725 2.760 3.15% 5.63% 18.76% 121.NPLs to total equity (C6/A) 4.063 989.Efficiency ratios/Profitability ratios 1.911 971.338 16.993 1.03% 77.073.231 32.133 1.686.78% 7.Investments 5.801 4.114 715.Cash generated from operating activities 2.) to total assets(D5/C) 7.303.545 491.727.84 38.186 321.349) 50. to non-markup/interest income (D8/D6) (times) - G.865 51.213 1.501.Others B.499 261.341.810 297.Gross advances to deposit (C5/B3) 7.215.849.468 (5.13% 76.869 484.151.95% 43.732.29 41.52% 3.

Commitments & contingencies to total equity (E2/A) (times) 3.Commitments and contingencies 2.554 3.Provisions and write-offs 5.052 22.00% 0.Bills payable 2.Net markup/Interest income (after prov.Cash flow ratio 1. exp.Markup/interest expense to markup/interest income (D2/D1) 8.Deposits and other accounts 4.243 0 0 26.17% -6.Other/misc.894 0 9.54% 0.Lending to financial institutions 4.93% 0.Non-markup/interest income 7.79% 327.Cash generated from operating activities to profit after tax (E1/D10) (times) 68 .Profit/(loss) before taxation 10.60% 49.Provision against NPL to NPLs (C7/C6) - I.Provision against NPLs to gross advances (C7/C5) 3.338) - - - - - - - - 17.00% 0.99 - - - - 56.Non-markup/interest income to total assets (D6/C) 6.Markup/interest expenses 3.Fixed assets 10.72% - - - - 0.758 2.584 5.192.Non-markup/interest expenses 8.Deposits to total assets ( B3/C) 5.41% -1.Non-markup/interest expense to total income D7/(D1+D6) 10.Provision against advances 8.826 194. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - - - - 3.Admin expense to profit before tax.06 342.75 D.18% 24.Assets quality ratios 1.Gross advances 6.Total equity (A1 to A3) 1.NPLs write off to NPLs provision (D4/C7) 5.Advances net of provision to total assets (C8/C) 4.36 0.241 46.17% 82.398 782.484.Other/misc.892 0 (184.Liquidity ratios 1.Return on assets (ROA) (D10/C) 5.081.Net markup/interest margin (D1-D2)/C 3.Investment to total assets (C4/C) 3.Reserves 3.124 26.Capital/leverage ratios 1.Borrowings from financial institutions 3.Administrative expenses 9.894 594 194.(D8/D9) (times) 9.Non-performing loan to gross advances (C6/C5) 2.279.Capital ratio (A/C) 2.Gross advances to borrowing & deposit C5/(B2+B3) H.395.51 - - - - -14.364 3.Advances-non-performing/classified 7.813 64.Net markup/interest income 4.Investments 5.00% - - - - 50.397 0 1.Profit & loss account 1.942 - - - - 56. to non-markup/interest income (D8/D6) (times) G.942.Return on equity (ROE) (D10/A) 4.44% 25.Financial Statement Analysis of Financial Sector INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED Items A.Gross advances to deposit (C5/B3) 7.NPLs to total equity (C6/A) 4.72% 1.071 1.Balances with other banks 3.Cash and balances with treasury banks 2.524.Admin.008.826 (184.243 294.952.Cash generated from operating activities 2.Net markup/interest income after provisions 6.10% 0.347 9.528 1.Other items 1.43% 1.Head office capital account 2.316 20.945 F.Markup/interest earned 2.Efficiency ratios/Profitability ratios 1.Spread ratio (D3/D1) 2.Cash & cash equivalent to total assets (C1+C2)/C 2.Total liabilities (B1 to B4) 1.59% 0.Advances net of provision (C5-C7) 9.Profit/(loss) after taxation E.Total assets (C1 to C4 + C8 to C10) 1.) to total assets(D5/C) 7.Unremitted profit 4.Total deposit to total equity (B3/A) (times) J.Total liabilities to total assets (B/C) 6. liabilities C.Others B.338) (184.13% -3.01% 0.718.338) 1.782 1.

Total deposit to total equity (B3/A) (times) J.416 37.088.Others B.06% 32.Other/misc.49% 27.99% 0.554 2.674 30.670 28.328 48.Efficiency ratios/Profitability ratios 1.836) 4.867) 40.134 (37.393.Advances-non-performing/classified 7.28% 0.867) (91.706) 65.948 55.07% 56.37% 47.896 90.17% 0.62% 141.781 150.03% 9. to non-markup/interest income (D8/D6) (times) G.885 387.60% 75.935) 22.59% 39.679) 14.999 0 (296.983 164.442 220.201.751 42.00 78.47% 2.Non-markup/interest income 7.461 16. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 2.094 3.95% 108.19% 42.20% 0.24 -1. exp.12% 26.594.089 15.597 130.574 17.48 108.036 2.80% 0.80% 9.30% 0.58% 0.264) 56.48% -0.132.345) (35.Other items 1.89% 0.994 61.654) 21.406 521.Gross advances to deposit (C5/B3) 7.23 0.87% 0.200.Profit/(loss) before taxation 10.033.Assets quality ratios 1.707 75.43% 0.91% 1.39 125.000.402.88 D.24 71.85% 124. liabilities C.87% -0.582 59.15% 21.308) 0 1.148 (58.00% 8.Return on assets (ROA) (D10/C) 5.031 3.Capital/leverage ratios 1.269 55.58 76.88% -1.28% 2.302 3.008.575 (14.48% -0.234 12.Gross advances to borrowing & deposit C5/(B2+B3) - H.503) 85.806 4.39 -516.000 0 587.790 3.172 (69.Provision against NPLs to gross advances (C7/C5) 3.68% 1.169 9.963) 0 1.203.564) 0 1.862) 828 (18.017 1.729 12.04 0.46 -1.071 22.346 30.218 38.84% 6.221 2.Profit/(loss) after taxation E.69% 0.754 178.18% 28.888 57.Non-markup/interest expense to total income D7/(D1+D6) 10.00% 12.268 47.17% -1.Total liabilities to total assets (B/C) 6.108 36.399) (37.01 -0.35% 12.289.Profit & loss account 1.302.34 0.280 (41.368) 40.33% -2.612 22.Markup/interest earned 2.31% -1.57% 58.33% 119.90 -23.83% 61.576 3.57% 8.Deposits and other accounts 4.87% -1.22% 4.594) 0 660.910 0 0 315.27 0.931 2.Cash flow ratio 1.273 (91.Bills payable 2.Financial Statement Analysis of Financial Sector OMAN INTERNATIONAL BANK SAOG.000 0 493.Non-markup/interest expenses 8.Advances net of provision to total assets (C8/C) 4.097.75% 66.22% 119.363.421 17.52% 8.98% 16.080 (9.875 7.84% 90.85% 81.264) (41.00% 24.610 0 (462.490 3.Other/misc.Borrowings from financial institutions 3.26% 3.858) 0 729.Investments 5.277 69.013.33% -0.537 4.64% 19.Head office capital account 2.075 9.28% -1.780 3.Cash & cash equivalent to total assets (C1+C2)/C 2.036 186.345) (69.399) 75.549 62.51% 157.40% 8.35% -4.328.Net markup/interest margin (D1-D2)/C 3.13% 46.Net markup/interest income 4.743 0 (392.402.217 0 (255.16 0.169 729.21% -1.646 33.706) (58.716 571.Unremitted profit 4.611 69.Net markup/Interest income (after prov.49% 0.693.37% 20.61% 85.NPLs to total equity (C6/A) 4.141 3.13 -19.369 450. Items A.Balances with other banks 3.471 46.474 26.022 52.523 510.Capital ratio (A/C) 2.870 110.Markup/interest expense to markup/interest income (D2/D1) 8.00% 11.807 0 0 280.34% -1.223 10.45 0.841 38.00% 31.712.83% 3.42% 3.19% 1.679) 0 (14.Non-markup/interest income to total assets (D6/C) 6.46% 133.28 71.577 382.Provision against NPL to NPLs (C7/C6) I.65% 81.70 -19.26% -0.502 44.26% -0.597 58.Provisions and write-offs 5.54% 4.905 60.(D8/D9) (times) 9.94 78.441.Provision against advances 8.740 15.395 1.39% 28.034) 17.964 3.Total assets (C1 to C4 + C8 to C10) 1.73 90.802 83.122 -24.263 11.19 72.468 (49.20% 60.Total equity (A1 to A3) 1.90% 21.00 76.51% 2.270.Reserves 3.056 4.062 49.49% 0.000 0 425.81% 17.947 3.041 (12.Gross advances 6.000 0 479.Liquidity ratios 1.Advances net of provision (C5-C7) 9.Admin expense to profit before tax.451 3.426 50.Markup/interest expenses 3.59% 0.Net markup/interest income after provisions 6.565 3.729 721.716 477.05% 15.52% -3.Spread ratio (D3/D1) 2.196 18.493 321.215 59.55% 44.Commitments and contingencies F.Cash generated from operating activities to profit after tax (E1/D10) (times) 69 .Total liabilities (B1 to B4) 1.792 25.35% 123.503 15.Administrative expenses 9.506 5.Commitments & contingencies to total equity (E2/A) (times) 3.00% 8.NPLs write off to NPLs provision (D4/C7) 5.Non-performing loan to gross advances (C6/C5) 2.55% 0.) to total assets(D5/C) 7.Cash generated from operating activities 2.Return on equity (ROE) (D10/A) 4.519 59.910 847.45% -0.25% -0.945.Investment to total assets (C4/C) 3.Fixed assets 10.636 (9.00 -33.48% -2.15% 0.18% 84.19% 104.Lending to financial institutions 4.37% 0.623 2.140 0 (355.008 690.308 2.881 38.251 5.679.41% 0.106 78.Cash and balances with treasury banks 2.88% -0.06% -1.847.00% 9.713 277.34% -0.19% 0.Deposits to total assets ( B3/C) 5.715 21.52% -1.391.076 62.Admin.569 (18.

Markup/interest expenses 3.38% 1.Non-performing loan to gross advances (C6/C5) 2.59% 73.400 978.196 61.106.397.52% 68.51% 50.Profit/(loss) after taxation E.075 1.32% 1.781.864 86.561 4.860 103.458.Reserves 3.262 150.05% 60.080 36.41% 0.831 5.10% 40.46% 72.00% 32.996.00% 0.79 2.691 0 32.011 124.379 0 3.Gross advances to deposit (C5/B3) 7.Provision against NPLs to gross advances (C7/C5) 3.Cash generated from operating activities to profit after tax (E1/D10) (times) 70 .(D8/D9) (times) 9.830 26.621.196 0 87.244.349.780.258.265 0 4.002 8. liabilities C.343.04% 1.268 330.97 1.Cash and balances with treasury banks 2.Bills payable 2.977 202.590 243.Others B.52% 1.82% 17.97% 0.983 1.049 103.350 91.857 0 79.868.) to total assets(D5/C) 7.431 9.101 0 0 2.Advances net of provision to total assets (C8/C) 4.898 65.67% 64.652.86 17.214.Liquidity ratios 1.559 4.Balances with other banks 3.01% 0.78% 0.40 39.00% 25.11% 1.843 0 0 2.957.26 21.53% 2.Profit & loss account 1.Non-markup/interest income 7.074 2.40% 0.Assets quality ratios 1.95 D.Return on equity (ROE) (D10/A) 4.098 78.383 151.93 0.128 216.Profit/(loss) before taxation 10.784 468.422 244.Non-markup/interest expenses 8.550 200.092.396.Commitments and contingencies F.934 0 4.283.155.86% 70.879 180.83% 0.71% 1.846 31.801 9.055 90.Advances-non-performing/classified 7.62% 0.722 28.185 114.07% 1.20% 72.879 0 130.60% 111.50 61.21 25.20% 0.198.178 10.725 2.77% 5.427 4.122.717 114.342 46.00% 26.092.61 17.776 10.551 0 2.186 146.959 0 146.Gross advances 6.991.013.928 103.46% 1.Unremitted profit 4.39 0.251 130.Financial Statement Analysis of Financial Sector THE BANK OF TOKYO-MITSUBISHI-UFJ.396 516.73% 32.Other/misc.61 16.11 27.79% 1.597.36% 1.83% 0.878.980.80% 0.840.236 2.185 5.Other/misc.351 1.Spread ratio (D3/D1) 2.Efficiency ratios/Profitability ratios 1.54% 2.847 79.639 68.240.25% 53.30% 2.630 0 3.86% 55.912 119.475.00% 47.928 509.905.Capital ratio (A/C) 2.336 85.914 1.088 65.959 80.787 19.726 1.600 569.299 538.72% 38.080 70.791 140.033 88.00% 40.Gross advances to borrowing & deposit C5/(B2+B3) H.Advances net of provision (C5-C7) 9.321 5.958.40% 1.907 1.80% 1.00% 0.342 4.77% 88.702 13.14% 79.200 33.65% 0.Cash flow ratio 1.198.087.58 3.53% 1.481.131 141.063.339 0 2.20% 0.242 4.20% 82.Total assets (C1 to C4 + C8 to C10) 1.00% 0.323 0 46.Markup/interest earned 2.00% 3.63 0.716 4.Commitments & contingencies to total equity (E2/A) (times) 3.Net markup/interest income after provisions 6.Markup/interest expense to markup/interest income (D2/D1) 8.924 100.544 0 6.059 0 103.214.21% 1.14% 54.545.980.45% 1.027.43 47.722 115.Admin expense to profit before tax.53% 74.00% - 44.Investments 5.00% 0.588 4.Fixed assets 10.Total liabilities (B1 to B4) 1.49% 0.NPLs write off to NPLs provision (D4/C7) 5.049 5.400 1.Investment to total assets (C4/C) 3.843 27.790 62.Return on assets (ROA) (D10/C) 5.987 406.31% 1.00% 0.Lending to financial institutions 4.041.174 47.296 3.Total equity (A1 to A3) 1.043.78 16.49% 0.00% - - - 0.59 0.NPLs to total equity (C6/A) 4.485 103.00% 0.101 23.722 0 0 2.Provision against NPL to NPLs (C7/C6) I.12% 0.00% 2.290 68.23% 1.715.23% 1.98% 48.36 45.445 2.072.553 654.323 79.422 62.Cash & cash equivalent to total assets (C1+C2)/C 2.860 0 100.346 97.96% 25.937 90. to non-markup/interest income (D8/D6) (times) G.756 3.52 0. LIMITED Items A.67% 17.12% 1.Administrative expenses 9.62 20. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 2.740.374.69% 0.454.130 385.273 4.Cash generated from operating activities 2.59% 3.Total liabilities to total assets (B/C) 6.03% 126.858 4.23% 267.Deposits and other accounts 4.698 0 78.68% 238.928 0 2.71 16.25 0.752 3.00% 0.777 123.Total deposit to total equity (B3/A) (times) J.573 112.17% 80.000 0 2.700.419 1.38% 23.Head office capital account 2.45% 0.145 391.00% 0.Deposits to total assets ( B3/C) 5.00% 0.932 113.Non-markup/interest income to total assets (D6/C) 6.932 30.567 1.493 0 47.14% 1.394 87.06% 52.569 87.242 3.29 0.Other items 1.66% 0.64% 1.209 20.621.Net markup/Interest income (after prov. exp.545.40% 0.Borrowings from financial institutions 3.237.697 0 4.70% 1.98% 0.000 12.36% 0.Capital/leverage ratios 1.059 184.787 0 0 4.Provision against advances 8.00% 0.Net markup/interest income 4.Provisions and write-offs 5.Net markup/interest margin (D1-D2)/C 3.075.Non-markup/interest expense to total income D7/(D1+D6) 10.447 8.607 0 2.Admin.489 2.612 45.67 51.543 113.

12.4 percent over the last year.1 billion in CY11 over CY10.0 119. 71 .5 Growth 6% 18% 10% 0% CY10 to Rs 130. In absolute terms. witnessing a growth of Rs 3.4 60.0 billion in 140 120 100 80 60 40 20 0 20% 18% 15% 10% 6% 10% Growth Shareholders’ equity of DFIs increased from Rs 5% Total SHE Total Liabilities Total Assets CY 10 55.2 percent in CY11 over CY10.0 billion in CY10 to Rs. 54. Major Components of Liabilities 80% 5% 28% 5% 18% Deposits 60% 40% Others 67% 77% Borrowlings 20% 3. Total equity registered a growth of 6.4 billion to Rs 58.2 percent during the year.6 12.0 0% CY 10 CY 11 billion in CY11.2 percent of total liabilities during CY11.9 130. Total deposits of DFIs stood at Rs.4 percent over CY10. total assets substantially increased from Rs 119. ANALYSIS OF LIABILITIES Looking at the liabilities side of DFIs. whereas profit after tax decreased by 64.9 billion in CY11.0 17. 4. ANALYSIS OF SHAREHOLDERS ’ EQUITY Components of Balance Sheets Billion Rs. 55. total liabilities also increased by 18.3 percent.6 60 50 40 30 20 10 0 37% -24% 40% 30% 20% 14% 10% 0% -10% -20% -30% Others Borrowlings Deposits CY 10 40.5 billion in CY11.0 CY 11 58.9 70.6 billion or 6. Similarly.Financial Statement Analysis of Financial Sector 2011 DEVELOPMENT FINANCE INSTITUTIONS (DFIS) PERFORMANCE AT A GLANCE DFIs reflected an increase in their balance sheet size during 2011. The profit before tax decreased by 29. witnessing a decrease of Rs.4 Growth 37% -24% 14% Share of Borrowings in Total Liabilities 100% Growth Billion Rs.6 percent over CY10.9 billion. recording an increase of 36. The other major component was deposits which contributed around 18. Total liabilities increased during CY11.9 3.1 CY 11 54. Borrowings increased from Rs 40. analysis reveals that major portion has been through borrowings from financial institutions. and at the same time the share of borrowings in total liabilities has also increased.

9 6. 10%11% NPL to SHE 0% 77% 74% NPL Prov. 72 . Major Components of Advances NPL Analysis 50. 4.0 10% 10.8 percent.0 NPL to Adv.3 billion in CY11. showing a decrease of 29.2 CY 11 3. reflecting an increase of 19.2 percent in CY11.0 15% 13% 20% 20% 4% 2% Adv. Gross NPL Provision Adv.0 5% 0.9 8. recording a decrease of around 62. advances of DFIs increased by 3.0 25% 30.5 billion. year. The amount of CY 10 4.4 percent over CY10.7 billion in CY10 to Rs 2. 3.6 7.6 percent in CY10 to 18. total assets stood at Rs 130.7 percent compared to previous 80 Billion Rs.2 44.3 percent.6 CY 11 45.Financial Statement Analysis of Financial Sector 2011 ANALYSIS OF ASSETS 100 increased by 9.0 percent in CY11.2 billion in CY10 to Rs.8 percent over CY10 however.1 percent in CY10 to 35.9 billion in CY10 to Rs 8.3 7.9 billion in CY11. 40. PROFITABILITY OF DFI S In terms of profitability.2 6.6 38.9 lending to financial institutions decreased from Growth -26% -62% 27% 4% Growth Major components of assets Rs 7.7 37. On the other hand. Profit before tax decreased from Rs.4 2.0 15% 14% 20. To NPL Non-performing loans (NPLs) increased from Rs 6. The analysis of components of total assets reveals that investment activities of DFIs 60 -26% 40 20 0 increased while lending to financial institutions 40% 20% 4% 0% -20% -40% -60% -80% 27% -62% Cash & Cash Equlvalent Lending Investment Advances further decreased during CY11. NPL to gross advances ratio increased from 15. Net CY 10 44.7 60. CY11 witnessed decreases both in profit before and after tax.9 76.7 45.3 Growth 4% 20% 14% 2% Growth Billion Rs.0 billion in CY11. In CY11. its share in total assets decreased from 37.

Financial Statement Analysis of Financial Sector 45% 2011 42.8% 5.9 percent in CY10 to 1.8 percent in CY11.07 per share in CY10 to Rs 14.7 percent in CY11.0 1.7% 5% 2.9% 1.0 15% 10% 1.7% 0. Return on equity (ROE) also witnessed a decrease from 4. Spread ratio of DFIs slightly increased from 42.9 percent in CY10 to 43.3% 0. Breakup value decreased from Rs 15.0 3.0 4.0 0% Spread Ratio ROE 2.0 40% Billions Rs.96 per share in CY11.0 4.7 percent in CY11.9% 43. 73 .2 3.0 CY 10 CY 11 2.7 Profit Before Taxation Profit After Taxation ROA Return on assets (ROA) declined from 2. CY 10 35% 30% CY 11 25% 20% 4.3 percent in CY10 to 0.

696 1.880.73% 7.199 38.379.35 44.904.87% 76.671 8.Total deposits to total equity (B3/A) (times) J.09% 0.16 0.Net markup/interest margin (D1-D2)/C 3.708.748.627.25% 0.353 5.680.708 977.87% 91.570.91% 4.918 3.410 40.61% 15.02% 13.409.Non-markup/interest expenses 8.Non-performing loan to gross advances (C6/C5) 2. liabilities C.283.111 60.12 0.047.89% 1.55% 14.941.991.768.70% 4.361 5.13 43.Lending to financial institutions 4.84% 96.816.576.718.075.683.562.003 2.563.463 810.690.804.189 35.250.546.489 6.Reserves 3.621 2.058 N/A N/A 6.559 2.053 6.74% 1.Capital /leverage ratios 1.419 25.275 10.407 23.666.Deposits and other accounts 4.501 34.215.196.57% 58.726.544 2.081 1.080 4.45 0.33% 50.149 85.35% 9.markup/interest expensed 3.08 0.03 D.647 2.755.921 119.027 3.545.694.75% 4.863 972.282 58.96% -2.407.558.859 1.748.Non-markup/interest income 7.556 45.944 44.916.753.229 17.Un appropriated profit 4.489 90.791.Other/misc.29 13.66% 6.644.74% 29.447 10.887 652.Other items 1.836.307 12.187.532 N/A N/A 4.071.599 2.269.006 60.223 2.907.675.079.10% 4.991.93 0.716.026 2.83 0.Provision against NPLs to gross advances (C7/C5) 3.730 36.78% 19.Commitments and contigencies F.31% 12.87% 6.596.Markup/interest expenses to markup/interest income (D2/D1) 8.945.959 10.No. of ordinary shares 2.660 1.082 3.308.62 42.665.91% 2.407.850 2.55% 48.Provision against NPL to NPLs (C7/C6) I.07 0.764.Admin.623 2.90 0.598 2.056.188 0 54.321.33 15.503 130.40% 27.Financial Statement Analysis of Financial Sector DFIs .867.897.631.Markup/interest earned 2.626 2.78% 4.25 2.067 42.NPLs write off to NPLs provisions (D4/C7) 5.408.542 29.37 46.675 55. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 34.450.Provisions against advances 8.88% 2.569 1.888.47% 14.52% 0.024.Cash flow ratio 1.642 650.68 0.031 2.623 12.180 6.976.Net markup/interest income 4.654 1.056 2.069 11.274 7.305 1.Net markup/interest income(after provisions) to total assets(D5/C) 7.04% 25.00% 8.394 2.92 0.101 6.660.748.855 27.Earning per share (D10/E1) G.65% 0.Liquidity ratios 1.311.58 14.600 N/A N/A 5.Advances net of provisions to total assets (C8/C) 4.Advances-non-performing/classified 7.979 2.533 6.Total assets (C1 to C4 + C8 to C10) 1.672 0 38.916 53.Cash generated from operating activities 5.529 3.590 4.75 4.429.55% 1.96 0.Cash and balances with treasury banks 2.39% 1.26% 1.01% 16.195.119 6.810 1.582 5.898.232.06% 74.525.30% 0.24% 194.136 4.865.Total equity (A1 to A3) 1.12% 57.149.761.Deposits to total assets (B3/C) 5.918 N/A N/A (1.391 0 39.Return on equity (ROE) (D10/A) 4.143.82% 42.67% 61.980 6.851 987.89% 74.74 43.03% 0.970.Efficiency ratios/profitability ratios 1.72% 207.13% 0.84% 50.419 5.75% 3.948.485.483.03% 12.91% 45.278 1.531.828.433 6.Profit/(loss) after taxation E.35% 13.648.363.253 39.390 2.22% 51.945) (656.31% 2.28% 1.059.265 934.11 0.993 648.38% 18.Investments 5.90% 56.Investment to total assets (C4/C) 3.55% 2.289.138 3.27% 166.24% 85.700 1.196.418 7.621.026 37.579 1.124.67% 1.981.16% 0.57% 13.999.21 0.Break up value per share (A/E1) 4.86% 38.682.61 -0.780 10.399.391 (1.Other/misc.33% 0.31 45.885.26% 2.937.183.903 70.03% 0.252.328.619.172 5.903.Gross advances to deposits (C5/B3) 7.039.76% 4.654 3.694.475.Profit & loss account 1.011 1.887.138 3.Administrative expenses 9.458.825 3.126.458.45 4.03% 16.75% 39.18% 77.34% 354.489.55% 14.252 18.Cash dividend 3.Assets quality ratios 1.128 7.31% 55.953.417.49 5.91% 54.464 1.058 2.974 59.142 35.Balances with other banks 3.885 1.36 34.Advances net of provisions (C5-C7) 9.421 1.28% 1.Gross advances to borrowing & deposits C5/(B2+B3) H.429.230.692.24% 0.030.113.424.25 10.487.192 45.562 9.056 1.39% 87.986 5.573 2.60% 31.386.086.147.34 55.89% 3.645 17.551.Capital ratio (A/C) 2.688 4.120 3.14 0.03 0.49% 10.965 13.48% 57.483 5.932. (D8/D9) (times) 9.703.410 24.Admin.745.661.576.Total liabilities (B1 to B4) 1.790.764.698 3.Share capital 2.015.73% 17.088 11.218 (3.243.449 15.Total liabilities to total assets (B/C) 6.NPLs to total equity (C6/A) 4.940 12.Cash & cash equivalent to total assets (C1+C2)/C 2.138 3.005 1.711 2.01% 0.980 11.698.284 4.980 6.375.41% 8.362 3.653.Provisions and write-offs 5.89 0.94% 15.971 0 39.Overall Items A.Borrowings from financial institutions 3.378 3. expenses to non-markup/interest income (D8/D6) (times) 11.191.379.21 0.774.158) 7.574.902.Stock dividend/bonus shares 4.Others B.718.719 48.604 3.016.22% 34.64% 466.521 1.010.661 8.855.835 8.948.44% 7.683.61% 7.835 22.648.174 5.913 N/A N/A 9.070 21.Bills payable 2.695.05% 12.224.783) 18.821 113.Non-markup/interest income to total assets (D6/C) 6.Cash generated from operating activities to profit after tax (E4/D10) (times) 74 .073.217 6.71 0.630 6.824 3.553) 38.49 42.171.89% 52.22 2.572 4.957 582.87% 15.31 0.42% 259.Fixed assets 10.98% 68.516 1.Profit/(loss) before taxation 10.Return on assets (ROA) (D10/C) 5.678 2.47% 25.462 2.438.313 46.942 0 30.Net markup/interest income after provisions 6.920.033 4.06% 58.958.31 14.833.Commitments & contingencies to total equity (E5/A) (times) 3.710 5.69% 46.Gross advances 6.433 58.031. expenses to profit before tax.651 76.152.Non-markup/interest expenses to total income D7/(D1+D6) 10.Spread ratio (D3/D1) 2.23% 4.

expenses to profit before tax.41% 100.75% 18.656 94.552 352.32% 1.481 0 172.219 58.309.204 1.90% 2.40 - 39.355 (324.04% 3.823 5.Investment to total assets (C4/C) 3.Markup/interest earned 2.00% 0.45% 3.04 D.802 242.NPLs write off to NPLs provisions (D4/C7) 5.09 10.862 92.74 81.253 5.78 7.396.No.114.708.Commitments and contigencies F.633 1.417 1.00% 29.327 0 134.529 482.00% 1.Return on assets (ROA) (D10/C) 5.Cash dividend 3.00% 0.000 0.000.Reserves 3.816.191 193.Administrative expenses 9.115 469.430 44.141 117.Investments 5.498 402.748 - 527.987 7.Net markup/interest income(after provisions) to total assets(D5/C) 7.762 82.44% 0.863.Cash generated from operating activities to profit after tax (E4/D10) (times) 75 .47% 15.563 3.251 600.818 21.500) 457.156 (37.310.markup/interest expensed 3.478 54.19 3.533 654.695.383 486.160.Share capital 2.000 0.13 0.905 318.030.41% 0.652 171.357 1.Deposits to total assets (B3/C) 5.697 79.Earning per share (D10/E1) G.757 150.083 97.440.50% 29.27% 6.73 0.Non-markup/interest expenses to total income D7/(D1+D6) 10.143 20.47 0.549 - 500.64% 9.65% 0.98% 5.89 0.Non-performing loan to gross advances (C6/C5) 2.42 12.Net markup/interest income after provisions 6.Advances-non-performing/classified 7.Admin.657 0 32.08% 0.810 393.11 0.982 2.878 443.00% 15.Advances net of provisions (C5-C7) 9.500 364.000.003 (123.863 124.712 920.16 0. liabilities C.Non-markup/interest expenses 8.374 163.285.Provisions and write-offs 5.Non-markup/interest income 7.Admin.Net markup/interest income 4.491 945.178.654 2.Gross advances 6.05% 0.337 2.20 0.Commitments & contingencies to total equity (E5/A) (times) 3.56% 7.00% - - - 87.38% -100.340 167.976 - 93.Other/misc.811 3.494 836.318 75.61% -111.Total deposits to total equity (B3/A) (times) J.84% 5.40% 0.451 446.136) 596.Stock dividend/bonus shares 4.418 3.12 2.12 0.95% 8.146 809.675 1.47% 1.250 357.00 70.71% 19.714 1.745) 429.609 10.29% 11.817.00% 378.156 48.095.141 75.82% 5.000 7.74% 997.57 0.Deposits and other accounts 4.484 260.Gross advances to deposits (C5/B3) 7.93% - 93.103. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - 5.52% 1.060 317.284.Non-markup/interest income to total assets (D6/C) 6.80% 3.135 486.22% 0.250 5.03% 30.49% 0.95% 41.Capital ratio (A/C) 2.02% 106.638.164 0 2.027 6.18% 15.174.Gross advances to borrowing & deposits C5/(B2+B3) H.466 506.480 0 459.00% 24.936 0 1.815.Other/misc.119 (255.Markup/interest expenses to markup/interest income (D2/D1) 8.18% 2.39 11.323.64% 0.938 11.47% 68.294 2.679.60% 8.Other items 1.137 475.808 600.Others B. (D8/D9) (times) 9.Efficiency ratios/profitability ratios 1.823 38.51% 5.19% 34.Fixed assets 10.054 31.000.00% 1.513 73.Total liabilities (B1 to B4) 1. expenses to non-markup/interest income (D8/D6) (times) 11.16% 4.77% 3.53% 63.387 26.00% 0.31 0.647 878.000.121 4.011 229.84% 64.000 0.762 198.845.05% 0.Return on equity (ROE) (D10/A) 4.23% 65.Profit/(loss) before taxation 10.96 69.78% 0.141 2.Cash and balances with treasury banks 2.77 0.990 371.17 1.Spread ratio (D3/D1) 2.119 9.Provision against NPL to NPLs (C7/C6) I.Cash & cash equivalent to total assets (C1+C2)/C 2.Cash generated from operating activities 5.09% 0.22% 7.887 1.Total assets (C1 to C4 + C8 to C10) 1.000 327.63% 7.54% 5.239 191.422 0 3.000 158.000 37.00 64.571 75.267) 492.475.446.48% 1.955 916.64 84.576 6.97% 6.00% 0.675 0 8.22 0.Capital /leverage ratios 1.Total liabilities to total assets (B/C) 6.25% 75.376 611.NPLs to total equity (C6/A) 4.000 89.744 685.000 163.49% 5.670 5.699 110.Financial Statement Analysis of Financial Sector PAIR INVESTMENT COMPANY Items A.955 500.39% 20.454 2.55% - 18.898 495.63% 8.Provision against NPLs to gross advances (C7/C5) 3.584 578.Cash flow ratio 1. of ordinary shares 2.48 12.00 70.Lending to financial institutions 4.Break up value per share (A/E1) 4.33 0.609 8.857.00% 8.00% 50.99% 7.036.067 402.Provisions against advances 8.000 2.15% -275.683 10.Net markup/interest margin (D1-D2)/C 3.Assets quality ratios 1.53% 7.Total equity (A1 to A3) 1.409 5.000 279.991.116.87% 6.Un appropriated profit 4.60 0.Balances with other banks 3.428 600.27% 0.000 0.Profit & loss account 1.76% 20.287.592.Borrowings from financial institutions 3.848 1.075 7.26% 76.Profit/(loss) after taxation E.00% 37.171 209.470.071 228.64 0.38% 4.974.44% 51.Advances net of provisions to total assets (C8/C) 4.Liquidity ratios 1.326.00% 448.45% 1.03 - 1.Bills payable 2.

343 667.Stock dividend/bonus shares 4.58% 61.801 540. of ordinary shares 2.26% 79.14% 4.000 0.658 581.385 844.311 1.397.48 12.Total assets (C1 to C4 + C8 to C10) 1.232 1.Markup/interest expenses to markup/interest income (D2/D1) 8.465 222.09% 1.072 283.Non-markup/interest income to total assets (D6/C) 6.000 238.624 0 25.00 47.08 0.69 13.48% 1.97% 30.56% 1.97 38.373 2.221 207.113 0 23.106 600.81% 0.90% 293.915 1.Return on equity (ROE) (D10/A) 4.Provision against NPLs to gross advances (C7/C5) 3.918 570.18% 0.01% 75.Advances net of provisions to total assets (C8/C) 4.00% 9.675 118.00% 1.Cash generated from operating activities to profit after tax (E4/D10) (times) 76 .090 2.70% 3.106 165.993) 7.943.552 6.869 191.893 4.532 85.84% 45.000 72.000 399.NPLs to total equity (C6/A) 4.174 447.825.Fixed assets 10.09% 4.Net markup/interest income 4.996. expenses to non-markup/interest income (D8/D6) (times) 11.71% 2.87% 48.89 54.172 6.71% 21.000 133.78% 4.04% 419.223 1.Reserves 3.64% 476.062. liabilities C.067 757.74% 19.596.28% 3.39% 9.016 174.113) 24.20 0.093 648.066.Cash flow ratio 1.00% 0.19 1.11 24.02% 444.712 4.Provision against NPL to NPLs (C7/C6) - 0.687.36% 0.868.Net markup/interest income after provisions 6.Total deposits to total equity (B3/A) (times) J.markup/interest expensed 3.992 20.Net markup/interest margin (D1-D2)/C 3.368.Break up value per share (A/E1) 4.17% 5.88% 1.22 0.743 132.453 108.222.790 562.86% 4.452 600.57% 2.Cash dividend 3.331.464 - 500.19 0.Commitments and contigencies F.841 25.61% 0.40% 7.363.Non-markup/interest expenses 8.733 0 186.Gross advances to borrowing & deposits C5/(B2+B3) 570.564 32.12 - -5.475.Investment to total assets (C4/C) 3.487.00% 0.27% 0.90% H.000.531 979.25% D.129 604.Cash and balances with treasury banks 2.894 500.19% 6.Total equity (A1 to A3) 1.267 14.208 - 672.00% 0.462 5.669 920.266 971.38% 14.20 11.90% 0.507.018 278.052 0 5.529 2.732.359.Other/misc.Profit/(loss) after taxation E.963 169.744 44.908 204.859) 448.12% 68.27% 36.965 204.02% 1.009 5.06% 0.Borrowings from financial institutions 3.996 1.141.Admin.55% 7.853 254.608 143.363 2.000 0.85 15.277 927.41% 111.Provisions and write-offs 5.00% 0.000 0.86% 0.Net markup/interest income(after provisions) to total assets(D5/C) 7.61% 19.000.000 162.921 431.08 10.78% 69.Total liabilities (B1 to B4) 1.78 0.35% 48.Advances-non-performing/classified 7.Gross advances to deposits (C5/B3) 7.64% 6.979 23.00% 0.450 763.617.113.07 51.062.757.Non-performing loan to gross advances (C6/C5) 2.334 195.192 12.744 0 0 1.407 (81.528.30% 0.391.Administrative expenses 9.Return on assets (ROA) (D10/C) 5.Cash generated from operating activities 5.65% - 0.602 290.44 78.131 1.22% 0.Financial Statement Analysis of Financial Sector PAK BRUNEI INVESTMENT COMPANY LIMITED Items A.44% 0.808 395. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - 5.00% (1.661 34.382 6.Profit & loss account 1.Share capital 2.000 0.204 1.Earning per share (D10/E1) G.85% 7.182 7.364 4.Assets quality ratios 1.Markup/interest earned 2.469.170 21.Cash & cash equivalent to total assets (C1+C2)/C 2.Advances net of provisions (C5-C7) 9.000.132 777.493 37.39 0.00% 767.Commitments & contingencies to total equity (E5/A) (times) 3.Capital ratio (A/C) 2.579 5.30% 7.585 1.000.415.33 0.667 14.68% 17.453 1.013 628.870 1.727 9.874 841.646.794 5.987 - 80.969 1.Balances with other banks 3.00 - I.Provisions against advances 8.145 81.076.00% - 97.43% 0.Efficiency ratios/profitability ratios 1.545.73 0.Other items 1.Un appropriated profit 4.093 7.611 30.77% 0.72 1.085 627.241 (48.812 (68.736 7.803 129.01 - 0.000 278.064 157.218.643 21.Capital /leverage ratios 1.00% 0.296.09 0.130.849) 247.47% 2.675 373.154 0 61.26 1.00% 4.Gross advances 6.04% 1.00% 1.29% 0.10% 14.Lending to financial institutions 4.62 0.32 0.00% 5.Non-markup/interest expenses to total income D7/(D1+D6) 10.771 192. (D8/D9) (times) 9.946 86.742.Bills payable 2.614 221.987 920.Other/misc.52 0.369 495.667.13 0.519.026.44% 0.Spread ratio (D3/D1) 2.26% 48.910 8.00% 0.48% 5.810.080.145 881.698.28% 3.Admin.Non-markup/interest income 7.Investments 5.32 0.Others B.NPLs write off to NPLs provisions (D4/C7) 5.467.517 5. expenses to profit before tax.801 211.254 131.Total liabilities to total assets (B/C) 6.299 2.44% 692.No.69% 2.016 6.546.000 0 5.Liquidity ratios 1.344 838.86 12.Profit/(loss) before taxation 10.81% 19.Deposits and other accounts 4.Deposits to total assets (B3/C) 5.87% 2.

189 6.200 285.Earning per share (D10/E1) G.60% 1.032 4.21 0.206 180.00% 9.178. expenses to non-markup/interest income (D8/D6) (times) 11.020 175.605 231.430.11% 26.644 766 119.Deposits to total assets (B3/C) 5.Non-markup/interest income 7.566 372.028 7.092 133.NPLs to total equity (C6/A) 4.Cash & cash equivalent to total assets (C1+C2)/C 2.93% 0.Profit & loss account 1.686 47.264 0 247.273 4.80% 122.Break up value per share (A/E1) 4.32% 7.00% 4.901.00 - -0.Advances-non-performing/classified 7.457.308.Return on equity (ROE) (D10/A) 4.70% 0.614 645.455 9.48% 39.102 560.17% 0.553.498 11.30 4.84% - 90.720 0.00% 79.00% 12. (D8/D9) (times) 9.11 12.Total liabilities to total assets (B/C) 6.094 0 106.21 0.Non-performing loan to gross advances (C6/C5) 2.424 7.14 1.47% 3.00% 0.558 (625) 757.735) 865.Provisions against advances 8.720 0.223 180.403 867.00% 0.Gross advances to borrowing & deposits C5/(B2+B3) - - - - 266.Cash generated from operating activities to profit after tax (E4/D10) (times) 77 .09 0.646 1.15 2.938.893 180.273 816.markup/interest expensed 3.836 8.75% 505.893) 1.22 0.14 1.757 0 1.Deposits and other accounts 4.Non-markup/interest income to total assets (D6/C) 6.27% 7.55% 36.671 1.457.00% 0.00 67.312.685 0 113.Advances net of provisions (C5-C7) 9.00% (15.33 96.326 4.42% - 0.361 866.679.658 1.032 6.491.200 6.00% 0.366 1.No.21 0.00% 1.24 11.Profit/(loss) after taxation E.542 1.23% 6.Gross advances to deposits (C5/B3) 7.62% 0.55 0.Capital /leverage ratios 1.156.938.65% 4.099.142.24 0.00% (81.924 208.264.140 3.265.Un appropriated profit 4.002 11.55% 28.16 10.00% 0.692 377.90 -0.029.00% 5.065 513.262 197.697 36.00% 0.Admin.398 943.116.632 5.989 138.Administrative expenses 9.544 4.Markup/interest earned 2.400 388.56 - 49.80 77.Reserves 3.756 165.Cash dividend 3.899 968.717 23.Cash and balances with treasury banks 2.Other items 1.245.47% 3.800) 1.Total deposits to total equity (B3/A) (times) J.391 2.772.595 0 0 1.Return on assets (ROA) (D10/C) 5.78% 0.830 165.437.Non-markup/interest expenses to total income D7/(D1+D6) 10.00% 16.029 3.Non-markup/interest expenses 8.Balances with other banks 3.Spread ratio (D3/D1) 2.63% 0.954 4.19% 8.01% 490.169.568.78% 0.996 645.00% (3.399. liabilities C.NPLs write off to NPLs provisions (D4/C7) 5.44% 3.56 0.241 1.Provision against NPL to NPLs (C7/C6) - I.067 325.670 3.148 1.00% 1.227 583.69% 1.591.457.555 6.34 0.960 1.885.Profit/(loss) before taxation 10.83% 6.220 11.44% 22.660 176.633.Markup/interest expenses to markup/interest income (D2/D1) 8.244 0 975.08 -5.889 283.63% 0.664 7.47% 0.595 28.200 173.666 1.Gross advances 6.02 0.Share capital 2.991 187.927.753.627 211.077.315 1.205 862.058.Net markup/interest income after provisions 6.93% 18.132.Fixed assets 10.325.036 - 530.28 H.586.089.Stock dividend/bonus shares 4.526.078.Assets quality ratios 1.Net markup/interest income 4.80% 0.585 71.96% 12.647 6.00% 9.598 694.95% 0.Commitments and contigencies F.92% 3.Commitments & contingencies to total equity (E5/A) (times) 3.178 0 726.252.395 165.Total assets (C1 to C4 + C8 to C10) 1.00 98.Financial Statement Analysis of Financial Sector PAK CHINA INVESTMENT COMPNY LIMITED Items A. expenses to profit before tax.13 0.Other/misc.787 5.660 9.Admin.200 70.90% 25.437 208.828 296.363.817 17.00% 0.158.53% 9.Total liabilities (B1 to B4) 1.51% 7.Borrowings from financial institutions 3.435 1.Advances net of provisions to total assets (C8/C) 4.000 473. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - 6.11% 2.648 1.00 66.640 0.37% 11.756 464.605 513.Provisions and write-offs 5.736 1.02 12.64% - - 7.940.32% 4.11% 4.Net markup/interest margin (D1-D2)/C 3.817 50.Investment to total assets (C4/C) 3.67% 0.01% 4.215 523.525 0 248.706 790.33% 8.874 0 12.684 2.00% 0.115 137.87% 42.Cash flow ratio 1.754 0 30.143 283.Investments 5.Cash generated from operating activities 5.27% 7.Liquidity ratios 1.559 10.050.014.213 1.482 1.Others B.132 911.084 176.42% 37.00% 10.Total equity (A1 to A3) 1.700 - 645.259 0 24.720 0.71% 9.84% 4.177 388.Provision against NPLs to gross advances (C7/C5) 3.47% 0.Efficiency ratios/profitability ratios 1.13 1.244 41.78% 0.94% 13.069 255.26% 1.127 - 98.Capital ratio (A/C) 2.Lending to financial institutions 4.811.07% D.Net markup/interest income(after provisions) to total assets(D5/C) 7.557.82% 1.02% 0.64% 45. of ordinary shares 2.19 0.Other/misc.411 1.87 96.Bills payable 2.

742.951 691.Cash and balances with treasury banks 2.083 550.648.28% 11.069) 1.452.156 1.19% 5.341. expenses to profit before tax.32% 15.321.Administrative expenses 9.158.Gross advances to deposits (C5/B3) 7.000 1.424 1.073 534.Spread ratio (D3/D1) 2.NPLs write off to NPLs provisions (D4/C7) 5.97% 74.098 1.603) 804.369 3.091.Deposits to total assets (B3/C) 5.08% 0.036 1.39% 7.Non-performing loan to gross advances (C6/C5) 2.Provisions and write-offs 5.19% 2.280.500 822.23 0.263 608.931 0 6.23% 14.349 400.Others B.190 260.797.539 4.032) 253.97% 0.797.58% 0.503.946) 7.42% 3.601 454.935 107.Non-markup/interest expenses 8.766 24.42% 3.647.894 0 175.16 34.Non-markup/interest expenses to total income D7/(D1+D6) 10.981 8.687 11.12 0.386 (4.Other items 1.145.27 52.368.58% -0.81% 70.Advances net of provisions (C5-C7) 9.805 1.Advances net of provisions to total assets (C8/C) 4.20 1.62% 7.501.Total deposits to total equity (B3/A) (times) J.668.000 2.356 24.90% 16.Cash dividend 3.691 15.40 4.38 34.Capital /leverage ratios 1.726.125 660.432 6.205.53 0.723 1.68% 7.384.151.Share capital 2.147.000.72% 17.502.336.19% 19.358 500.Markup/interest earned 2.Investments 5.94% 21.445.022.Borrowings from financial institutions 3.Financial Statement Analysis of Financial Sector PAK KUWAIT INVESTMENT CO.12% 100.85% 27.Efficiency ratios/profitability ratios 1.966.992.058 910.950.000 8.95% 66.54% 53.377.84% 62.32% 82.Capital ratio (A/C) 2.60% 71.25 6.138.947.251 1.13 0.07% 203.588 164.693.31 0.202 (4.436.454.651 1.Un appropriated profit 4.Total liabilities (B1 to B4) 1.00% 0.931 51.02 47.872 4.Return on assets (ROA) (D10/C) 5.22% 47.Total liabilities to total assets (B/C) 6.Provision against NPLs to gross advances (C7/C5) 3.158.080.Net markup/interest income after provisions 6.Total equity (A1 to A3) 1.77% 226.Profit & loss account 1.526 592.06% 51.616 24.Total assets (C1 to C4 + C8 to C10) 1.649 516.204.343 400.Return on equity (ROE) (D10/A) 4.24% 46.596 6.539 338.449. (D8/D9) (times) 9.729 314.532 240 0.45% 2.16% 0.512 17.586 240 0.55% 0.405 314.000 3.56% 53.618 239.871 8.723 462.418.No.00% 0.Investment to total assets (C4/C) 3.Deposits and other accounts 4.072.000 6.573 37.84% 70.49% 11.447.259 1.78% 13.580 6.277 25.926 1.884.10% 0.89% 41.72% 7.141 8.Lending to financial institutions 4.Other/misc.075.500 750.732 2.14 -0.Gross advances 6.360.51% 5.527 6.015.894 6.091.53 31.25% 0.184 23.674 412.00% 7.27% 510.13 0.02% 33.422 1.07 0.79 -0.960.Advances-non-performing/classified 7.84% 2.408 411.Profit/(loss) before taxation 10.389.00% (1.86% 12.019 1.736 560.08% 16.17% 10.349.511 (37.81% 2.Bills payable 2.164 11.Balances with other banks 3.161.00 36.46 G.77 0.420.Break up value per share (A/E1) 4.Stock dividend/bonus shares 4.688 250.584 8.116 1.577.40% 13.723. of ordinary shares 2.80% 22.28 5.930.734 208.Assets quality ratios 1.837 92.512 1.868.Liquidity ratios 1.903 894.027) 1.Other/misc.252 0 10.342.95% 54.75% 34.90% 19.036.19% 91.644.61% 11.57% 122.000.Earning per share (D10/E1) 40.466 240 0.591.884.54% 21.573.865 3.40% 25.45% 66.63 0.358.512 334.252 286.932 1.95 33.079.266 705.638.Cash generated from operating activities 5.100) 695.654 1.009 6.821) 193.41 -2.097.Gross advances to borrowing & deposits C5/(B2+B3) H.324 4.545 551.191 607.030.31 2. expenses to non-markup/interest income (D8/D6) (times) 11.06 37.159.647 569.482.325 41.510.Markup/interest expenses to markup/interest income (D2/D1) 8.856 0 8.611 1.558 442.86 0.877 968.Non-markup/interest income 7.63% 8.64% -26.181 3.15 52.Fixed assets 10.409.Commitments & contingencies to total equity (E5/A) (times) 3.17% 21.06 53.131.807.852) 1. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 12.928.22% 33.Reserves 3.000.660 338.439 0 9.615 4.111.000 17.02% -26.72% 27.86 22.Cash generated from operating activities to profit after tax (E4/D10) (times) 78 .302 758.Provisions against advances 8.354 4.00% 29.85% 2.66% 7.905 6.649 15.367 2.Cash flow ratio 1.288 1.000 2.921 4.395.09 52.30% 65.000.00% 0.46 45.232 1.27 0.59% 49.61% 5.Net markup/interest income(after provisions) to total assets(D5/C) 7.13% 4.292 716.040.003.567 84.540 1.554.656 3.71% 0.00% 2.82 0.87% 4.19% -0.12% 2.452 D.370.61% 14.429 24.179 2.607.Cash & cash equivalent to total assets (C1+C2)/C 2.13 -17.88% 5.330 607.NPLs to total equity (C6/A) 4.712 (4.93% -49.455 11.278.12% 47.825 1.323 462.521.319 (108.468.108 1.939 5.442 111.726.158 0 9.49 -2.405.020.790 6.868 13.102.814 286.035 282.969.508 658.66% 2.00% (3.Admin.60 14.470) (4.06% 0.074.114.36% 1.40% 470.000 5.15 54.Net markup/interest margin (D1-D2)/C 3.791.61% 86.Non-markup/interest income to total assets (D6/C) 6.markup/interest expensed 3.42% 3.34% 59.02% 19.189. liabilities C.287 2.000 17.39 0.Commitments and contigencies F.71% 0.00% 0.000.782 37.69% 6.849 5.Profit/(loss) after taxation E.697 1.313 12.150.388.52% 1.81% 0.00% (2.185) (58.78% 68.555 1.33% -2.269.527 240 20.31% 66.121 121.11 0.653 0 15.271 1.94% 6.98% 46.45% 2.138 288.Provision against NPL to NPLs (C7/C6) I.Admin.141 240 0. Items A.413.337.759.Net markup/interest income 4.038.223 800.

21 36.226) (728.739 508.27% 67.780 474.375.55% 0.012.178 0.674 7.30 0.562 281.56% 41.821 1.24 10.54% 57.Total liabilities to total assets (B/C) 6.986 6.54% 6.25% 76.780 898.188 373.776 424.650.20 -0.608 82.Investments 5.649 0 4.841.44% 0.03% 12.22 10.37% 0.18 28.646.312 1.400.012 545.19 39.Admin.Gross advances to deposits (C5/B3) 7.370 3.262 6.981 46.markup/interest expensed 3.620 (42.55% 181.534 244.67 0.Share capital 2.178 0.Return on assets (ROA) (D10/C) 5.84% -11.258 218.141.763 1.880 (753.877 6.34% 1.187.099.714 63.589 (61.334 14.141.67 -11.558 0 4.259 549.323 8.253.44% 60.00% 40.728.Financial Statement Analysis of Financial Sector PAK LIBYA HOLDING COMPANY LIMITED Items A.44% -2.177 200.380 1.29% 92.00% (572.305.Spread ratio (D3/D1) 2.845 0 4.471 3.091 442.79% 4.61% 0.Advances-non-performing/classified 7.780 444.140.Capital ratio (A/C) 2.473 131.18% 2.92% 17.05% 25.020.324 1.62% 1.23% 11.86% 44.787.643 41.83% 103. expenses to non-markup/interest income (D8/D6) (times) 11.00% 0.83 0.49 59.95% -0.215 222.960 793.145.35 10.624 78.600 499.Earning per share (D10/E1) G.94% 7.430.25% 13.74 0.38 -0.021 1.611.00% 726.32 0.Break up value per share (A/E1) 4.866 5.414) (207.472 76.97% -0.014 115.98% 0.781 96.682 5.605 62.089 505.Markup/interest expenses to markup/interest income (D2/D1) 8.404.72% 6.783 52.251 1.610.538 1.Others B.Cash flow ratio 4.Gross advances 6.000 260.Reserves 3.769 5.531 7.33% 4.10 0.286.75% 0.Non-markup/interest expenses to total income D7/(D1+D6) 10.Total liabilities (B1 to B4) 1.Advances net of provisions to total assets (C8/C) 4.178 0.223.99% 148.91 .00% 87.351.22% -0.965 105.47% 42.53% 40.732 323.17% 2.01% 61.09% 45.10 1.586.27% 43.483.Profit & loss account 1.592.Borrowings from financial institutions 3.35 12.40% 15.661 287.Total assets (C1 to C4 + C8 to C10) 1.983.355.NPLs write off to NPLs provisions (D4/C7) 5.676 8.569 458.089 986.Net markup/interest income(after provisions) to total assets(D5/C) 7.52% 53.06% 38.52% 90.54% 2.26% 28.693 (1.57% 47.905) 10.Efficiency ratios/profitability ratios 1.746 303.Cash generated from operating activities to profit after tax (E4/D10) (times) 79 -15.Capital /leverage ratios 1.502.Profit/(loss) before taxation 10.858.551 (63.00% 45.Profit/(loss) after taxation E.99% 2.81 0.018 5.849 961.281 64.675.446.379.130) 226.96% 63.019.806 6.36 11.365 16.64% 1.37 854.296 (191.Provisions and write-offs 5.72% 39.80% 1.846 614.620.630.12% 9.65% 9.414 6.162 19.NPLs to total equity (C6/A) 4.644 614.562.04% 0.Investment to total assets (C4/C) 3.71 1.56% 391.954 226.Administrative expenses 9.62% 3.31% 2.459 5.31% 1.539) 2.524.33 0.09% -0.57% 11.59% 0.891) 584 0.285.Balances with other banks 3.087.92% 2.721 208.62 0.539 175.178 0.532 0 8.79% 19.98% 63.Markup/interest earned 2.Other/misc.482.691 527.090 964.224 207.000 6.450.15 1.Non-markup/interest income to total assets (D6/C) 6.210.626 1.657.000 287.Other/misc.477.641 146. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 7.525.915.515 6.51% 2.38% 4.589 90.873 8.No.795 1.Gross advances to borrowing & deposits C5/(B2+B3) H.Other items 1.113 68.072 185.Provisions against advances 8.141.72 0.980 1.00% 0.36% 86.38 D.00% (88.508 167.Net markup/interest margin (D1-D2)/C 3.086 1.271 214.789 (72.00% (1.992 341.Cash generated from operating activities 5. expenses to profit before tax.881) (484.52% 129.70 44.Bills payable 2.29% 219.737 12.250) 9.780 1.790 4.Fixed assets 10.43% 0.00% 0.039.286 6.052 1.Un appropriated profit 4.125.Total deposits to total equity (B3/A) (times) J.26% 0.281 505.107) 1.235 614.19% 61.00% 0.652.Provision against NPLs to gross advances (C7/C5) 3.568 1.690 274.231 0 3.759) 8.537.345) 1.Admin.26% 71. liabilities C.Net markup/interest income after provisions 6.425 7.79 -0.003.Commitments and contigencies F.113 400.750.600.Stock dividend/bonus shares 4.98 40. of ordinary shares 2.955 6.275 23.Non-markup/interest income 7.47 0.91% 2.29% 24.31 0.105.Cash dividend 3.83% 3.969 (688) 281.618 341.237) 12.58% 36.Cash and balances with treasury banks 2.172.05% 23.691 628. (D8/D9) (times) 9.062 6.19 32.Non-performing loan to gross advances (C6/C5) 2.416.67% 2.233.178 1.189 614.513 36.938.570 7.95 0.Cash & cash equivalent to total assets (C1+C2)/C 2.269) 6.55 0.46 -1.21 7.100.141.78% 19.50% 53.12 0.96% 1.801 34.36% 1.312 108.965 944.410.534 8.32% 12.Lending to financial institutions 4.39% 45.347 465.Commitments & contingencies to total equity (E5/A) (times) 3.85% 93.340.31% -0.23 31.526.16% -4.00% 0.844 336.883.370 1.10% 97.566.912 1.977 21.Non-markup/interest expenses 8.Deposits to total assets (B3/C) 5.Advances net of provisions (C5-C7) 9.88% 33.714 16.064 4.122.Assets quality ratios 1.Return on equity (ROE) (D10/A) 4.264.780 474.09% 16.Provision against NPL to NPLs (C7/C6) I.519.01% 68.Net markup/interest income 4.69% 38.821 698.70% 87.351 42.558 5.267.711 483.281 883.346 112.675 6.039 2.247) 2.Total equity (A1 to A3) 1.Deposits and other accounts 4.801 (29.Liquidity ratios 1.16% 0.876 42.103 58.15% 1.595) (229.847 529.57% 12.

863 398.63% 41.565 6.10% 65.42 31.55% 2.11% 78.58% -0.687 615.996.052.54 0.653 20.15 0.50% 5.211 357.Net markup/interest income after provisions 6.91% 2.Assets quality ratios 1.222 2.00% (2.15 2.Other/misc.147 615.531 1.318.803) 14.00% 0.321.362 2.590) 11.648.358 535.751 253.17% 90.00% 17.114 62.799 2.66% 75.38% 14.512 (56.845 25.71% 84.635) 2.493 2.600 6.150.006 1.Capital ratio (A/C) 2.453 2.160 (73.Break up value per share (A/E1) 4.Non-markup/interest income 7.Investment to total assets (C4/C) 3.Cash flow ratio 1.019) 14. (D8/D9) (times) 9.01% 4.000 485.372 34.934 1.86% 3.491.Total liabilities to total assets (B/C) 6.65 0.791 0 7.564.231.93% 66.Markup/interest expenses to markup/interest income (D2/D1) 8.392.068 193.Fixed assets 10.Financial Statement Analysis of Financial Sector PAK OMAN INVESTMENT COMPANY LIMITED Items A.089 684.90% 1.015 926.23% 33.80% 0.379 729.868 335.071 9.09 11.20 0.Bills payable 2.35 12.505 676.50% 143.51% 81.800 360.09% 0.Admin.NPLs to total equity (C6/A) 4.000 0.745 10.150.85 35.440.920 0 (142.194 1.Share capital 2.109 894.739.511 7.95% 3.17 10.Deposits and other accounts 4.77% 3.107.Balances with other banks 3.165 724.134.Non-markup/interest expenses 8.11 0.16% 1.943 552.Return on equity (ROE) (D10/A) 4.Markup/interest earned 2.00% 0.129.Return on assets (ROA) (D10/C) 5.Profit/(loss) after taxation E.Cash dividend 3.04% -0.Efficiency ratios/profitability ratios 1.25% 2.36 0.90% 0.Commitments and contigencies F.13% 65.Advances net of provisions (C5-C7) 9.89 D.846.568 151.608 21.47% 56.Provisions and write-offs 5.168.Other items 1.121 605.775 6.800.Cash generated from operating activities 5.716 4.10 0.92% 0.964.757 73. expenses to non-markup/interest income (D8/D6) (times) 11.145 333.No.462.144 281.57% 30.Un appropriated profit 4.000 414.09 5.042 1.18 0.Profit/(loss) before taxation 10.162 (899.480.Total assets (C1 to C4 + C8 to C10) 1.41 -6.82% 4.14 -4.793.Admin.038.Total equity (A1 to A3) 1.Administrative expenses 9.80% 100.991 87.Earning per share (D10/E1) G.478 6.30% 321.68 5.40% 4.063.00% 17. of ordinary shares 2.831.19% 0.31% 4.819) 607.19% 3.23% 70.046 6.936 10.93% 200.561 3.730 297.00% 14.453 7.896) 246.078 974.076 523.81% 22.119.13 -0.469 267.052.467 9.129 926.002 769.Total deposits to total equity (B3/A) (times) J.295) (359.697) 12.02% 5.977 0 6.510 343.90% 100.Net markup/interest margin (D1-D2)/C 3.17% 47.305 2.673 6.Deposits to total assets (B3/C) 5.Cash generated from operating activities to profit after tax (E4/D10) (times) 80 .015 5.765.844 6.044 66.150.72 0.Net markup/interest income(after provisions) to total assets(D5/C) 7.58 7.188 0 11.Non-performing loan to gross advances (C6/C5) 2.319.45% 31.000 0.906 615.564.Gross advances to borrowing & deposits C5/(B2+B3) H.Liquidity ratios 1.074.Cash and balances with treasury banks 2.674 (47.000 0.Profit & loss account 1.452 332.174 67.513 2.Gross advances to deposits (C5/B3) 7.000 0.61% 65.00% 52.53% 7.45% 17.28% 9.24% 0.77% 141.29 0.839.77% 126.Non-markup/interest income to total assets (D6/C) 6.895.616.562.150.79% 14.02 0.40 0.645 156.00% 1.60% 24.66% 0.888 6.920 6.Advances net of provisions to total assets (C8/C) 4.109 17.Reserves 3.Non-markup/interest expenses to total income D7/(D1+D6) 10.83% 47.865 132.01 29.276 (31.460 6.40% 26.19% 49.538 625.702 1.313 1.145.641.670 1.193.561.Net markup/interest income 4. assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 7.017.71% 5.440.319 465.27 0.041 74.NPLs write off to NPLs provisions (D4/C7) 5.00% 2.22% 0.628 234.270.169 2.838 0 8.221.82% 60.95% -1.67 0.12 0.542 757.000 0.096 4.53% 59.739 501.855 455.963.00% 363.75% -0.119) 830.97% 64.23% 52.279 153.023.467.68% 64.840.775.378 1.901 841.033.97% 24.Provisions against advances 8.Commitments & contingencies to total equity (E5/A) (times) 3.312 296.137.Investments 5.636.695.815 682.155 1.632.20 11.Provision against NPL to NPLs (C7/C6) I.000 924.Other/misc.251 5.404 719.29 41.66 0.874 6.496 466.561 68.538 701.25% 34.97% 28.776.180 6.00% 0.931.977 3.430.224 5.513.38% 14.38% 63.548 508.945.785 1.41 11.73% 1.44% 30.Others B.672 957.41% 2.52% 0.679 209.38% 2.622. liabilities C.18% 68.521 615.833.79% 0.32% 9.739 73.971 5.Gross advances 6.93% 63.255 (62.420 664. expenses to profit before tax.54 33.968 590.048) 11.25% 1.40% 0.629 5.172.953 615.99 34.71% 17.14% 0.560 3.462.000 1.82 36.80 56.69 35.413 6.Stock dividend/bonus shares 4.Lending to financial institutions 4.693 618.Capital /leverage ratios 1.markup/interest expensed 3.71% 17.Cash & cash equivalent to total assets (C1+C2)/C 2.150.48% 4.Provision against NPLs to gross advances (C7/C5) 3.268 0 6.20% 40.276 774.00% 0.559 (653.30% -7.05 0.887 509.971 333.471 1.124 70.597 (112.42% 3.614 48.92% 57.349 5.31% 15.978 1.20% 2.34% 4.645 255.25% 1.Borrowings from financial institutions 3.Total liabilities (B1 to B4) 1.473.846 126.41% 66.648 623.199.36% 2.740.560 6.050) 277.50% 4.824 6.14 1.Spread ratio (D3/D1) 2.463 19.514.69% 2.859 18.706.141.788 326.000 492.Advances-non-performing/classified 7.

Financial Statement Analysis of Financial Sector

SAUDI PAK INDUSTRIAL & AGRI. INV CO. (PVT) LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others

B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities

C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets

2011

(Thousand Rupees)
2010
2011

2007

2008

2009

7,005,332
4,000,000
3,005,332
0
3,092,792
14,923,395
0
9,942,496
4,226,536
754,363
25,021,519
510,717
1,969,784
1,995,000
9,907,620
8,014,021
1,330,609
1,268,390
6,745,631
2,432,780
1,459,987

6,487,342
5,000,000
2,405,925
(918,583)
2,107,993
12,538,271
0
10,843,443
1,420,000
274,828
21,133,606
24,784
1,302,617
1,335,000
8,602,574
8,176,268
2,600,657
1,871,691
6,304,577
2,369,627
1,194,427

7,992,320
6,000,000
2,520,384
(528,064)
2,086,629
11,132,171
0
8,160,658
2,635,848
335,665
21,211,120
44,579
2,538,196
2,083,871
7,403,287
7,594,930
2,619,486
1,985,406
5,609,524
2,282,313
1,249,350

7,758,307
6,000,000
1,961,641
(203,334)
1,046,117
13,178,438
0
9,078,012
2,858,458
1,241,968
21,982,862
41,130
286,434
431,258
7,177,103
12,130,998
2,828,882
2,773,949
9,357,049
2,448,286
2,241,602

6,233,267
6,000,000
1,513,182
(1,279,915)
829,249
10,262,203
0
7,064,577
1,618,222
1,579,404
17,324,719
56,121
193,655
171,111
5,101,879
10,870,638
3,006,985
3,477,362
7,393,276
2,321,846
2,086,831

1,300,002
1,304,677
(4,674)
464,963
(469,638)
677,432
173,346
173,089
34,448
54,353

1,946,874
1,711,056
235,818
643,119
407,302
6,950,333
2,134,384
184,006
4,408,648
4,426,613

1,870,370
1,428,082
442,288
571,641
(129,353)
730,913
196,267
196,267
405,193
418,904

1,728,226
1,399,433
328,793
212,552
116,241
(16,197)
374,212
359,004
(274,167)
(434,030)

1,479,941
1,173,520
306,421
719,171
(412,750)
136,865
1,471,800
337,031
(1,747,686)
(2,042,565)

400,000
0.00%
0.00%
1,954,674
6,557,382

500,000
0.00%
0.00%
5,508,473
6,377,528

600,000
0.00%
0.00%
(809,416)
6,270,668

600,000
0.00%
0.00%
(2,147,613)
5,590,225

600,000
0.00%
0.00%
(1,979,145)
3,344,230

-0.36%
-0.02%
0.78%
0.22%
2.71%
-1.88%
100.36%
5.02
0.09
0.26
0.14

12.11%
1.12%
68.23%
20.95%
32.89%
1.93%
87.89%
0.04
0.24
0.03
8.85

23.65%
2.09%
5.24%
1.97%
3.45%
-0.61%
76.35%
0.48
0.08
0.27
0.70

19.02%
1.50%
-5.59%
-1.97%
-0.07%
0.53%
80.98%
-1.31
0.22
-22.16
-0.72

20.70%
1.77%
-32.77%
-11.79%
0.79%
-2.38%
79.30%
-0.19
0.91
2.46
-3.40

9.91%
39.60%
26.96%
16.89%
59.64%
189.61%
56.56%

6.28%
40.71%
29.83%
6.72%
59.33%
575.79%
66.67%

12.18%
34.90%
26.45%
12.43%
52.48%
288.14%
70.35%

1.49%
32.65%
42.57%
13.00%
59.95%
424.39%
101.63%

1.44%
29.45%
42.67%
9.34%
59.23%
671.76%
125.20%

16.60%
15.83%
18.99%
36.66%
95.32%

31.81%
22.89%
40.09%
34.36%
71.97%

34.49%
26.14%
32.78%
28.79%
75.79%

23.32%
22.87%
36.46%
7.66%
98.06%

27.66%
31.99%
48.24%
20.68%
115.64%

28.00%
0.94
17.51
0.60

30.70%
0.98
12.97
0.22

37.68%
0.78
13.32
0.33

35.29%
0.72
12.93
0.37

35.98%
0.54
10.39
0.26

35.96

1.24

-1.93

4.95

0.97

D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation

E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies

F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after provisions) to total assets(D5/C)
7.Markup/interest expenses to markup/interest income (D2/D1)
8.Admin. expenses to profit before tax. (D8/D9) (times)
9.Non-markup/interest expenses to total income D7/(D1+D6)
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)

G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposits C5/(B2+B3)

H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)

I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)

J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)

81

Financial Statement Analysis of Financial Sector

2011

LEASING COMPANIES
PERFORMANCE AT A GLANCE
Outlook of leasing sector in the country has not been encouraging during FY11. Asset base decreased
by 9.5 percent over the period, from Rs 37.1 billion in FY10 to Rs 33.5 billion in FY11. The sector
showed profits before and after taxation of Rs.176.2 million & Rs.64.7 million respectively during
FY11.

ANALYSIS OF SHAREHOLDERS ’ EQUITY

Shareholder's Equity

The shareholders’ equity of leasing sector
Rs 4.3 billion in FY10 to Rs 4.6 billion in FY11.
Increase was also noted in reserves, which
increased by 62.9 percent in FY11, from Rs 1.3

Billion Rs.

increased by 7.9 percent in FY11, increased from

billion in FY10 to Rs 2.0 billion in FY11.

6.0
5.0
4.0
3.0
2.0
1.0
0.0
-1.0
-2.0
-3.0

FY 10
4.3 4.6

FY 11
4.8

Growth%
80%

4.3

63%

60%

2.0

40%

1.3

20%
TE

8%

SC

RV

-10%

UPL 2%

-1.8-1.7

0%
-20%

ANALYSIS OF LIABILITIES
Total liabilities decreased from Rs.32.7 billion in

Composition of item of non-current liabilities

FY10 to Rs. 28.7 billion showing a decrease of
12.3 percent during FY11. The long term
liabilities

comprises

of

borrowings

Billion Rs
100%

from

80%

financial and other institutions (BFI), deposit on

60%

finance lease (DFL) and other miscellaneous

40%

liabilities (MISC). The composition of BFI, DFL
and MISC was 20.5, 32.4 and 47.1 percent

MISC
5.8(34%)

6.8(47%)
DFL

6.3(37%)

20%

4.6(32%)
5.0(29%)

3.0(21%)

BFI

0%

FY 10

FY 11

respectively of non-current liabilities for the year FY11. BFI decreased from Rs 5.0 billion to Rs 3.0
billion in FY11. Similarly, DFL decreased from Rs 6.3 billion in FY10 to Rs. 4.7 billion in FY11,
showing a decline of 26.3 percent in FY11.

82

Financial Statement Analysis of Financial Sector

2011

Current liabilities were Rs 15.6 billion in FY10, and Rs 14.2 billion in FY11, showing a decline of 8.5
percent. The ratios of current liabilities to total liabilities in FY10 and FY11 have been 47.6 and 49.7
percents indicating an increase in FY11.

ANALYSIS OF ASSETS
Total assets of leasing sector were Rs 33.5

Non Current Assets
FY 10

billion in FY11 as against Rs 37.1 billion in
FY10, showing a decline of 9.5 percent over
Billion Rs.

the previous year. Net investment in finance
lease contributed 74.2 percent of Non-current
assets in FY11; showing a decrease of 1.7
percent to reach Rs 13.0 billion in FY11 from

20
18
16
14
12
10
8
6
4
2
0

FY 11

Growth%
3%

17.717.4

2%

2%

1%

13.2 13.0

0%
-1%

-1%

-2%

-2%
1.6 1.6
-4%

2.9 2.9

-3%
-4%
-5%

NCA

Rs 13.2 billion in FY10. Fixed assets (FA)

NIFL

FA

MISC

comprise 9.0 percent of non-current assets and other/miscellaneous assets had 16.8 percent of noncurrent assets in FY11. FA declined by 4.2 percent while other/miscellaneous increased by 1.8 percent
in FY11.
Current assets (CA) were Rs 19.4 billion in
Current Assets

FY10 and decreased by 17.0 percent to reach
20.0

percent of total assets in FY11 which were

15.0

52.3 percent of total assets in FY10. Current

Billon Rs.

Rs 16.1 billion in FY11. CA constituted 48.0

assets comprise of cash and cash equivalents

19.4

10.0

16.1
FY 10

5.0

FY 11

2.4

CA

(CCE) and other/ misc. current assets (OCA).

17.0

1.6

0.0

14.5

CCA

Cash and balances with treasury banks, term

OCA

deposit certificates and other money market
placements, have shown negative growths of 92.4, 47.9 and 13.6 percents respectively in FY11 over
FY10. OCA constituted 87.6 percent of CA in FY10 and 89.9 percent of CA in FY11, showing a
decline of 14.8 percent in FY11.

83

Financial Statement Analysis of Financial Sector

2011

PROFITABILITY AND OPERATING EFFICIENCY
The profit and loss account of leasing sector

Profit & Loss Account

indicates that prominent source of revenue

4.0

generation is still income from finance lease,

3.5

which was Rs. 2.9 billion in FY10, decreased

2.5

Income from finance lease and operating lease
are components of income from lease (IL). IL
showed decline of 3.7 percent during FY11.

FY 11

Growth%

150%

126%

111%

3.0

Billion Rs.

by 4.7 percent to Rs 2.8 billion in FY11.

FY 10

3.7 3.6

100%

50%

2.0
1.5

1.2

-4%

1.0
0.5

0.1 0.0

0.0
-0.5

IL

II

-98%

0%

1.0 0.9-11%

0.6
-50%

OI

0.2

AE

PBT

-100%

PAT
-0.6

-0.7

-1.0

-50%
0.1

-150%

Income from investment (II) declined by 98.2 percent and other income (OI) by 49.9 percent in FY11.
Administrative expenses (AE) were Rs 1.0 billion in FY10 decreased to Rs. 928 million during FY11.
Profits before and after taxation were Rs.176.2 million and Rs. 64.6 million respectively in FY11.
Return on equity (ROE), return on
capital employed (ROCE) ,return on
assets (ROA) and return on revenue
(ROR) remained in the positive zone
during FY11.

Profitability Ratios
4%
1.4%

2%

0.9%

1.5%
0.2%

0%

-2%

FY 10
ROE

-4%

ROCE

ROA
-1.7%

ROR

-3.1%

-6%
-8%
-10%

FY 11

-12%
-12.2%

-14%
-16%

-14.4%

84

Financial Statement Analysis of Financial Sector

Leasing Companies - Overall
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit/loss
4.Others

B.Total liabilities (B1+ B2)
1.Non-current liabilities (a + b + c)
a.Borrowings from financial and other institutions
b.Deposit on finance lease
c.Other/misc. liabilities
2.Current liabilities

C.Total assets (C1 + C2)
1.Non-current assets (a + b + c)
a.Net investment in finance lease
b.Fixed assets
c.Other/misc. assets
2.Current assets (e + f)
a.Cash and balances with treasury banks
b.Placement with other banks
c.Term deposits certificate
d.Other money market placements
e.Cash & cash equivalent (a + b + c + d)
f.Other/misc. current assets

2011

(Thousand Rupees)
2010
2011

2007

2008

2009

6,835,258
5,000,877
2,921,318
(1,086,937)
292,972
57,608,954
32,451,522
6,195,363
12,064,697
14,191,462
25,157,432
64,737,184
36,625,175
27,246,649
2,179,287
7,199,239
28,112,009
222,362
2,285,167
2,065,144
1,185,922
5,758,595
22,353,414

7,080,248
4,460,666
2,410,646
208,936
30,256
56,628,753
36,481,901
6,765,089
16,436,318
13,280,494
20,146,852
63,739,257
35,673,385
29,729,111
2,029,242
3,915,032
28,065,872
306,799
1,166,953
719,556
947,040
3,140,348
24,925,524

5,699,127
4,782,365
1,735,115
(818,353)
(97,545)
49,869,729
30,995,512
5,647,750
14,343,156
11,004,606
18,874,217
55,471,311
27,998,647
21,840,207
1,954,976
4,203,464
27,472,664
554,843
597,845
1,627,672
864,832
3,645,192
23,827,472

4,262,889
4,764,964
1,257,006
(1,759,081)
141,757
32,681,664
17,120,915
4,991,653
6,347,260
5,782,002
15,560,749
37,086,310
17,687,778
13,171,916
1,641,203
2,874,659
19,398,532
6,723
262,290
1,614,842
525,124
2,408,979
16,989,553

4,599,848
4,277,214
2,048,172
(1,725,538)
275,546
28,672,259
14,432,241
2,960,044
4,680,145
6,792,052
14,240,018
33,547,653
17,448,877
12,950,696
1,571,968
2,926,213
16,098,776
514
335,190
841,296
453,553
1,630,553
14,468,223

4,739,085
1,001,255
5,740,340
152,621
884,695
6,777,656
1,222,244
(479,403)
(491,665)

4,813,303
944,022
5,757,325
266,823
1,655,426
7,679,574
1,253,641
476,818
598,955

4,445,437
936,782
5,382,219
153,329
828,022
6,363,570
1,314,381
(1,520,635)
(1,416,180)

2,908,978
817,667
3,726,645
108,335
1,207,546
5,042,526
1,047,419
(673,912)
(615,564)

2,772,786
817,592
3,590,378
2,003
605,567
4,197,948
927,627
176,225
64,655

957,667

734,045

478,215

476,475

427,720

N/A
N/A
1,724,576

N/A
N/A
1,656,175

N/A
N/A
4,585,308

N/A
N/A
2,242,989

N/A
N/A
1,236,917

-7.19%
-1.21%
-0.76%
-7.25%
84.70%
-2.49
-0.51

8.46%
1.09%
0.94%
7.80%
74.97%
2.09
0.82

-24.85%
-4.16%
-2.55%
-22.25%
84.58%
-0.93
-2.96

-14.44%
-3.13%
-1.66%
-12.21%
73.90%
-1.70
-1.29

1.41%
0.91%
0.19%
1.54%
85.53%
14.35
0.15

8.90%
42.09%
1.12
0.89

4.93%
46.64%
1.39
0.89

6.57%
39.37%
1.46
0.90

6.50%
35.52%
1.25
0.88

4.86%
38.60%
1.13
0.85

10.56%
7.14

11.11%
9.65

10.27%
11.92

11.49%
8.95

13.71%
10.75

-3.51
0.07

2.77
0.08

-3.24
0.24

-3.64
0.14

19.13
0.09

D.Profit & loss account
1.Income from finance lease
2.Income from operating lease
3.Income from lease (D1 + D2)
4.Income from investments
5.Other income
6.Total income/revenue (D3 to D5)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation

E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities

F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
4.Return on revenue (ROR) (D9/D6)
5.Lease income to total income (D3/D6)
6.Administrative expenses to profit before tax. (D7/D9) (times)
7.Earning per share (D9/E1)

G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
2.Net investment in finance lease to total assets (C1a/C)
3.Current assets to current liabilities (C2/B2) (times)
4.Total liabilities to total assets (B/C) (times)

H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)

I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times)
2.Cash generated from operating activities to current liabilities (E4/B2) (times)

85

190 438.100 16.699 18.04% 1.82 95.044) 18.578) (56.634 5.42 0.Earning per share (D9/E1) G.092 494.793 0 641.Non-current liabilities (a + b + c) a.17% 12.Fixed assets c.904 731.96% -15.Placement with other banks c.Borrowings from financial and other institutions b.596 30.Other/misc.493 347 443.189 0 17.07% 0.931 106.361 66.842 23. liabilities 2.64 -2.415 95.00% (27.50% 89.707 773.00% (24.Capital ratio (A/C) 2.00% (24.Current assets (e + f) a.943 281.384 4.Others B.686 75.433 215.90% -72.274 259.41% -5.Share capital 2.845 21.Non-current assets (a + b + c) a.969 3.32 -16.170) 20.75 -0.82 72.071 915.Other money market placements e.Profit/(loss) after taxation E.000 0 512.956 38.420 27.012 701.506) (44.05% -152.83 0.00% 0.481 526.30% 64.47 -2.55% -144.16% 89.199 0 763. assets 2.01% -0.000 58.Income from finance lease 2.27 -4.637 101.93% 0.95 D.520) 50.250 15.05 0.019 1.000 58.Un appropriated profit/loss 4.40% -0.003.43 -0.76% 1.344) 20.123 16.Cash generated from operating activities to current liabilities (E4/B2) (times) 86 .625 (172.Return on capital employed (ROCE) (D8/(C-B2)) 3.283) 91.Cash flow ratio 1.000 58.969 1.65% 17.634) 21.72% -0.Cash dividend 3.425 56.343 372.00% 0.Current assets to current liabilities (C2/B2) (times) 4.Profit/(loss) before taxation 9.152 690.000 0.00% 0.24 -0.56% -9.560 1.940 2.73% 0.Capital /leverage ratios 1.40 15.495 881.192) 76.470 200.00% (167.858 530. of ordinary shares 2.189 0 145.Administrative expenses to profit before tax.Other/misc.666 65.373 11.382 1.556 (9.54% -15.000 0.888 4.970 852.77 -0.767 (118.00% 0.610 (20.898 56.Other/misc.Administrative expenses 8.499 129.000 58.Total equity (A1 to A3) 1.83 -0.833 346.96 18.022 554.000 58.059 0 10.073.Total income/revenue (D3 to D5) 7.108 310.478 779.555 24.350 36 16.458 129.Income from operating lease 3.38 0.571) (10.511 3.317 137.881 1.572.04% -0.446.625 (71.690 926. (E4/D9) (times) 2.847 62.Return on assets (ROA) (D9/C) 4.870 15 4.625 613 19.847 189.625 (198.315 36.Cash generated from operating activities F.05 40.49% 1.375 662.78% 84.67 15.210 589.478) 18.Liquidity ratios 1.842 988 19.087 58.096 462.713 3.432 92.628) (42.968 141.Term deposits certificate d.45% 15.42% 53.197 30 14.293.945 1.353 369.72 16.07% 4.553 442.676 10.Current liabilities C.378 219.Total liabilities (B1+ B2) 1.42% 0.64% 1.Other income 6.Profit & loss account 1.Lease income to total income (D3/D6) 6.31% 3.500 0.00% 171.599 202.Break up value per share (A/E1) I.743 801 145.Deposit on finance lease c.35 0.04 0.04 0.700 511.733 96.161 783.788 21 20.51 -10.36% 1.188 (74.24% 2.Efficiency ratios/profitability ratios 1.09% 10. (D7/D9) (times) 7.Cash generated from operating activities to profit after tax.780 30.63 -99.Total liabilities to total assets (B/C) (times) H.500 0.235 674.222 144.83% 9.384 0 10.Return on equity (ROE) (D9/A) 2.Financial Statement Analysis of Financial Sector Grays Leasing Limited Items A.581 215.484 18.513) 18.569 0 697.78% 0.90% -3.830 0 10.735.238 200.79 78.No.89% 9.469 0 29.500 0.623) 5.584 8.313 89.27% -53.115 262.232) (101.72 -58.Return on revenue (ROR) (D9/D6) 5.33 0.189 28.Stock dividend 4.Cash & cash equivalent (a + b + c + d) f.Income from investments 5.Net investment in finance lease to total assets (C1a/C) 3.683 530.288 798.696 31.193 21.81% -9.507 162.Cash & cash equivalent to total assets (C2e/C) 2.01% -0.Reserves 3.Cash and balances with treasury banks b.336) 21.Other items 1.197 289.112 215. current assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 268.40 0.47% 13.06 0.00% 0.24 0.Income from lease (D1 + D2) 4.901 0 15.625 9.796 33.Total assets (C1 + C2) 1.63 -0.51 -27.544 20 11.65 0.055 152.170 0 431.619 43.025 67.Net investment in finance lease b.

Total equity (A1 to A3) 1.09% -151.Earning per share (D9/E1) G.12% 1.417 705.394 218.028 0 127. liabilities 2.No.180 681.996 175.916 500.627 648.301 2.11 0.06 4. (E4/D9) (times) 2.00% 148.984 109.98 78.75% 6.00% 0.000 0.670 52.Other/misc.36 87.44 0.Other/misc.908 562.975 50.27 0.22 -16.080 56.96% 12.22 -4.00% 0.10% 6.441 34.00% 0.Total liabilities to total assets (B/C) (times) H.252 160.Other/misc.Cash & cash equivalent (a + b + c + d) f.Net investment in finance lease b. of ordinary shares 2.35% 2.831 9.10 - 13.519 34.152 53.621 40.463 48.24% -15.Profit/(loss) after taxation E.69% 14.Non-current liabilities (a + b + c) a.573) 99.49 0.441 0 40.Cash and balances with treasury banks b.502 194.935 1.Stock dividend 4.36% 6. (D7/D9) (times) 7.514 364.19% 2.142 592.Cash & cash equivalent to total assets (C2e/C) 2.927 68.63% 100.15 6.905 353.814 108.13 -1.Cash generated from operating activities to profit after tax.215 94.276 - 50.708 500.Other items 1.Fixed assets c.281 1.41 90.000 88.889 88.Other money market placements e.087 (126.166 46.00% 151.802 853 10.Reserves 3.Profit/(loss) before taxation 9.72% 2.Deposit on finance lease c.145 294 27.19% 10.Return on revenue (ROR) (D9/D6) 5.815 500.192 500.374 188.891) 110.777 - 41.Cash flow ratio 1.044 51.Capital ratio (A/C) 2.826 57.62 0.Current liabilities C.Cash generated from operating activities to current liabilities (E4/B2) (times) 87 .24% 25.62 7.Income from finance lease 2.65 0.66 -1.55 -2.065 121.884 56.Others B.514 251.173 67.Cash dividend 3.226) 50.000 0.296 119.074 189.934 0 231.883 (35.934 29.48% 43.Income from operating lease 3.381 0 0 94.863 289.Other income 6.214 237.010 340.096 6.Current assets to current liabilities (C2/B2) (times) 4.008 0 66.15 17.24 - 78.366) - 1.000 106.291 318 7.879 22 111.498 152.83 D.Break up value per share (A/E1) I.Current assets (e + f) a.Income from lease (D1 + D2) 4.677 127.Income from investments 5.315 0 222.000 0.23 -1.000 95.631 121 6.61% 12.503 1.13 - 24.764 (21.Share capital 2.966 12. assets 2.450 24.Administrative expenses 8.000 0.393 617.Cash generated from operating activities F.948 7. current assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - 720.Un appropriated profit/loss 4.088 50.99% 4.08% 14.23% 59.441 0 59.06% 39.80 1.515 737.932 131.101 48.407 98.017 31.Lease income to total income (D3/D6) 6.390 51 0 68.47 2.28 -2.00% (69.167 42.Profit & loss account 1.00% (232.Financial Statement Analysis of Financial Sector NBP Leasing Limited Items A.165 0 52.915 27.932 28.Efficiency ratios/profitability ratios 1.612 0 86.93% 1.24% 21.46% 40.Total assets (C1 + C2) 1.Term deposits certificate d.00% 0.Return on assets (ROA) (D9/C) 4.663 67.44% 99.51% 0.227 391.65% -20.Liquidity ratios 1.680 54.939) 215.024) (102.Capital /leverage ratios 1.Administrative expenses to profit before tax.381 44.22% 45.39% -0.646 310.785 (17.851 394.403 1.Net investment in finance lease to total assets (C1a/C) 3.976) 293.98% 7.277 903.79% 4.Return on equity (ROE) (D9/A) 2.Total liabilities (B1+ B2) 1.165 915.776 (97.705 373.439 36.612 175.832 3.152 0 58.017 991 226.000 88.00% 0.Total income/revenue (D3 to D5) 7.45 0.32 33.Borrowings from financial and other institutions b.Placement with other banks c.Return on capital employed (ROCE) (D8/(C-B2)) 3.893) 19.Non-current assets (a + b + c) a.761 4.91% 16.

579 334.Cash flow ratio 1.451.465.Deposit on finance lease c.39 -5.658.75% 41.756.84% 0.184 0 25.244 3.918.13 0.076 11.530 0 128.26% 84.Administrative expenses 8.066 2.003 548.938 8.100.035.00% 15.338 1.609 266.881 2.Capital /leverage ratios 1.84 -22.592. (D7/D9) (times) 7.778 0 25.51 0.Current liabilities C.Other income 6.309 3.92 2.340.Other/misc.Total liabilities (B1+ B2) 1.148 5.28% 11.554.478 15.576.296 17.07% 36.Total income/revenue (D3 to D5) 7.469 2.762.110 3.529 1.641 475.632 1.48% -2.112 20.690.00 0.401 2.429 0 1.873 42.30% 35.Placement with other banks c.620 0 433.157 0 87.605 2.016.423 395.980 15.938.169.543.732 70.420 7.40% 1.60% 25.227 0 1.345.76 2.061 10.519 11.01% 0.076 412.013 19.Profit/(loss) after taxation E.614 9.238.995.91 7.09 D.Other money market placements e.914 500.130.55% 1. assets 2.02% 0.190.Cash generated from operating activities F.16% -1.184.862.559.174.Lease income to total income (D3/D6) 6.460.57 9.97% 1.12% -1.963.259 2.00% 2.715) (467.628 13.496 9.777.578 7.Financial Statement Analysis of Financial Sector Orix Leasing Pakistan Limited Items A.854 207.585 144.160.Un appropriated profit/loss 4.304 1.Capital ratio (A/C) 2.69 5.Liquidity ratios 1.Current assets to current liabilities (C2/B2) (times) 4.174.941 0 242.826 351.91 0.Return on assets (ROA) (D9/C) 4.Total liabilities to total assets (B/C) (times) H.755.770 27.Others B.692. current assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 2.No.356 820.37 0.76 0.747 9.828.467.Return on equity (ROE) (D9/A) 2.963.476 589.330 504.857.Cash dividend 3.00% 801.632 9.814.11 5.32 8.799.473 10.323.692.609 2.545 2.459 23.84% 1.778 2.00% 0.Cash and balances with treasury banks b.111 9.884 625.035.218 12.263 5.964.48 7.913.053 0.00% 0.848 2.333 1.39% 91.35 0.066 27.24 2.266.Fixed assets c.Borrowings from financial and other institutions b.180 5.Other/misc.126 13.026 11.772 3.913.Income from investments 5.70% 0.861.393 535.00% 549.438.191 234.519 0 469.519 3.10% 0.23 1.077.00% 945.523 (428.053 0.805 648.71% -13.92 5.394 82.529 1.90 9.621 2.91% 26. (E4/D9) (times) 2.47% 2.110 4.612.841.778 14.67% 5.807.426 2.155.299 599.86 0.631 226.510 651.277 9.645 1.44% 2.540 8.Profit/(loss) before taxation 9.277 358.245.195.186.172.Net investment in finance lease to total assets (C1a/C) 3.152.888 35.206 13.053 10.984 5.263 0 600.40 0.052.469.00% 0.785 1.383 3.109.28 6.574 528.096) 2.79 1.11 0.675.378.673 237.Efficiency ratios/profitability ratios 1.854 11.003.523.849 832.785 1.Cash & cash equivalent (a + b + c + d) f.Net investment in finance lease b.41% 3.881 694.267 516.670 12.515.755 9.075.602.826 8.Earning per share (D9/E1) G.02% 0.Break up value per share (A/E1) I.374.757.09% 10.Administrative expenses to profit before tax.Income from lease (D1 + D2) 4.11 -5.216.640 5.548 69.873.Non-current assets (a + b + c) a.Term deposits certificate d.Share capital 2.426 23.827 0 0 21.48% 24.684.54% 86.33% 1.78% 1.625 1.877 1.Total assets (C1 + C2) 1.378.211.Other/misc.33 6.478 82.04% 2.Other items 1.20% 0.686 820.756 125.563.557 0 261.66% 38.107.377.Stock dividend 4.08% 0.478 26.508 11.06 0.864.22% 1.66% 4.Return on capital employed (ROCE) (D8/(C-B2)) 3.959 9.860.300 6.712.802.434 2.093.815 2. of ordinary shares 2.984 16.179.00% 0.09% 37.70% 1.743 6.Current assets (e + f) a.827 33.72 1.Profit & loss account 1.096 0 0 23.103 14.00% 2.Cash generated from operating activities to current liabilities (E4/B2) (times) 88 .165.914 21.784 2.123 1.94 3.868 694.956 104. liabilities 2.066.Return on revenue (ROR) (D9/D6) 5.603.Income from finance lease 2.Cash & cash equivalent to total assets (C2e/C) 2.604 204.342 3.02 0.458 751.231 0 498.281 0 1.876.Cash generated from operating activities to profit after tax.Total equity (A1 to A3) 1.36 9.528 1.230 3.944 11.Income from operating lease 3.233.097 83.933.121.899 332.871 8.910 820.515.383 0 540.779.079 2.983 82.175.258 994.Non-current liabilities (a + b + c) a.Reserves 3.54 0.79% 71.

702 193.254) 25.497 27. (E4/D9) (times) 2.255 253.Non-current assets (a + b + c) a. assets 2.944 391.Current assets to current liabilities (C2/B2) (times) 4.465 41.03 0.243 49.122 253.Break up value per share (A/E1) I.54% 1.233 1.370 0.611 0 182.Borrowings from financial and other institutions b.878 0 64.Other/misc.150 309.763 245.164 10.Profit/(loss) after taxation E.213 255.250) 1.837 235.666 5.Capital /leverage ratios 1.17% 2.Efficiency ratios/profitability ratios 1.788 303.Administrative expenses 8.44% 93.24% 9.No.513 193.23% 2.041 55.66 0.199 18.Return on capital employed (ROCE) (D8/(C-B2)) 3.98% 1.164 563.474 0 4.580 33.169 24.88% 1.Current liabilities C.791 450.49% 55.671 256.666 53.698 29.Total income/revenue (D3 to D5) 7.17 0.512 47.066 157.884 121.63% 92.000 161.11% 25.16 49.00% 0.37 0.62% 45.46% 13.000 0 6.716 298.756 410.44 0.Term deposits certificate d.42 0.Cash generated from operating activities F.64 44.31% 1.03 0.Cash generated from operating activities to profit after tax.580 64.757 25.923 18.52 0.698 37.Reserves 3.66 0.766 253.894 3. current assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 244.84 4.871 282.Profit & loss account 1.237 1.201 51.59 0.333 178.594 0 236.15% 3.Cash flow ratio 1.00% 0.50 42.117 253.559 816.084 569.34% 3.332 346.Liquidity ratios 1.168 49.32 2. of ordinary shares 2.Other items 1.78% 2.61 41.698 41.Profit/(loss) before taxation 9.Net investment in finance lease b.00% 7.06 -2.46% 3.378 44.424 24.Others B.Return on revenue (ROR) (D9/D6) 5.Capital ratio (A/C) 2.Non-current liabilities (a + b + c) a.872 8.00% (48.978 3.47% 5.093 0 181.32% 0.Current assets (e + f) a.371 73.47% 0.474 64.Income from lease (D1 + D2) 4.Total assets (C1 + C2) 1.80% 55.09% 0.582 128.Cash generated from operating activities to current liabilities (E4/B2) (times) 89 .034 527.25 47.958 51.Income from investments 5.03% 0.982 8.13% 90.023 14. liabilities 2.Cash & cash equivalent to total assets (C2e/C) 2.64% 14.97 0.279 0 0 182.308 151.104 447.620 18.Total equity (A1 to A3) 1.21% 0.971 21.738 487 69.Placement with other banks c.884 32.405 26.184 349 59.46 1.69 0.410 23.158 64.261 0 49.00% (31.455 33.Fixed assets c.36 34.94 0.25 0.243 725 1.Earning per share (D9/E1) G.243 0 2.04% 0.167 706.279 50.00% 0.62 0.95% 12.370 0.237 364.017 19.Other/misc.Income from operating lease 3.028 12.56 4.50 25.497 0 0 181.104 366.785 68.Income from finance lease 2.023 288.555 473.Return on equity (ROE) (D9/A) 2.556 47.865 324.137 288.660 0 49.00% 93.450 77.701 257.02% 0.405 500 2.370 0.Share capital 2.249 0 64.724 69.40 D.772 41.198 31.00% 0.58 -3.144 0 129.472 25.710 221 232.Net investment in finance lease to total assets (C1a/C) 3.Lease income to total income (D3/D6) 6.000 198.Other/misc.464 25.013 82.669 23.00% 43.90% 22.34% 2.370 0.383 19.Other income 6.82 0.44% 13.676 73.924 227.11 -0.00% 8.528 19.12% 0.Stock dividend 4.Total liabilities to total assets (B/C) (times) H.Cash dividend 3.Deposit on finance lease c.530 4.04% 30.14% 5.Total liabilities (B1+ B2) 1.65% 1. (D7/D9) (times) 7.Financial Statement Analysis of Financial Sector Pak-Gulf Leasing Company Limited Items A.745 0 3.26% 4.370 5.532 3.081 209.273 21.530 0 7.813 47.965 700.764 140.900 15.982 284.11% 52.24% 13.636 20.Administrative expenses to profit before tax.295 313.767 49.39 0.Cash and balances with treasury banks b.849 0 53.59 6.158 4.881 354.698 32.923 0 0 236.14 0.767 703 150 50.Un appropriated profit/loss 4.Other money market placements e.228 25.698 27.10 -0.292 97.Return on assets (ROA) (D9/C) 4.596 333.Cash & cash equivalent (a + b + c + d) f.173 131.20% 96.

206.465 633.000 115.711 104.06% 7.Profit & loss account 1.629 921.76% -0.733 32.074 12.197 47.504) 320.856 582.51% 87.71% 1.Other/misc.250 (61.855 43.631 2.Deposit on finance lease c.615 320.56 -26.954 171.289 320.560) (69.42 -3.540) 320.466 (18.81% 20.109 30.Liquidity ratios 1.00% 0.Term deposits certificate d.02 -19.78 4.Fixed assets c.33 0.Un appropriated profit/loss 4.388) (49.757 724.777 957.940 1.382 419.758 46.856 35.835 685.89% -5.289 23.000 48.34 -0.177) 184 552.260 0 44.Income from investments 5.72% 74.00% 0.79 1.92% -104.Efficiency ratios/profitability ratios 1.496 12.Current assets to current liabilities (C2/B2) (times) 4.Current liabilities C.241 0 134.260. assets 2.692 1.916.907 340.190 789.Return on revenue (ROR) (D9/D6) 5.272 692.50 0.Net investment in finance lease to total assets (C1a/C) 3.90 -1.752 655.10% -0.402 14.30% 9.02 0.00% 0.000 48.66 0.60 -0.948 11.466 (131.Return on capital employed (ROCE) (D8/(C-B2)) 3.869 1.00% 0.05% 0.777 907.Return on equity (ROE) (D9/A) 2.000 0.71% 1.Cash & cash equivalent (a + b + c + d) f.95 30.659 280.85% 90.Total liabilities (B1+ B2) 1.Borrowings from financial and other institutions b.000 48.872 1.Other/misc.Net investment in finance lease b.151 26 11.Earning per share (D9/E1) G.282 272 155.000 36 22.Share capital 2.28 0.Return on assets (ROA) (D9/C) 4.656 32.979.96% 62.308 0 0 65.221.Cash flow ratio 1.631 (70. liabilities 2.69 1.Other money market placements e.236 428.000 0.955 33.Financial Statement Analysis of Financial Sector SME Leasing Limited Items A.260 0 15.000 0.00% 31.877 28.898 989.451 13.03% -58.98% 10.929 23.861 36.07 D.Current assets (e + f) a.Administrative expenses 8.182 0 197.Administrative expenses to profit before tax.Cash generated from operating activities F.146.329 895.60% -7. current assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 435.705 569.275 7.590.Stock dividend 4.68 -2.851) 1.111 72.Cash & cash equivalent to total assets (C2e/C) 2.01% -4.86% 5.043 85. (E4/D9) (times) 2.03% 0.Income from lease (D1 + D2) 4.10 0.786) 44.70 22.39 0.Other items 1.079 74.Others B.13 0.603 0 104.76 -1.00% 236.37 30.38% -58.Total assets (C1 + C2) 1.Other/misc.466 (68.297 7.407 3.Total liabilities to total assets (B/C) (times) H.18 -16.Lease income to total income (D3/D6) 6.972 297.964 31.17 0.239.57% 1.89 0.683 349.Capital /leverage ratios 1.262 757.Non-current assets (a + b + c) a.660 0 40.569.77 0.21% 1.422 1.864 0 14.411 0 0 22.Profit/(loss) after taxation E.513 529.318 3.Capital ratio (A/C) 2.240 320.674) 19.943) (62.540 519.Total equity (A1 to A3) 1.04% 0.321 9 10.709 (47.Cash and balances with treasury banks b.588 237.36 0.No.14 -3.280 568.Reserves 3.483 207.466 50.93 30.663 15.591 44.240 0 0 1.268 119.228 32.36% -18.Non-current liabilities (a + b + c) a.062 388.05% 2.95% -8.363 320.543 23.954 1.241 5.00% 0.649 1.171 673.213 453.53 0.447 610.00% 0.33 -4.010 98.65 0.909 1.820 14.485 432.17% 87.267 709.Cash generated from operating activities to current liabilities (E4/B2) (times) 90 .Cash dividend 3.951 155.10% 43.42% -7.547 62.711 65.00% (102.829 320.Other income 6.250 374.00% 92.240 42.459 59.Profit/(loss) before taxation 9. (D7/D9) (times) 7.636 470.897 (8.719 47.981 9.Income from operating lease 3.05% 1.Placement with other banks c. of ordinary shares 2.00% 231.486 181.96% 1.667 134.58% 1.41% 57.000 0.481.00% 0.18 12.548 0 11.821 98.162 158.553 299.Total income/revenue (D3 to D5) 7.Break up value per share (A/E1) I.31 21.000 48.748) 73.041 155.02% 0.017 25.842 0 0 593.000 0.11% -0.563 478.637) 3.575 559.60% 17.Cash generated from operating activities to profit after tax.353 4.469 1.59% 1.603 (4.783) 1.554 250 15.Income from finance lease 2.

994 2.283 220.40% 0.00% -25.68% 4.125 108.Total assets (C1 + C2) 1.13% -18.72% -53.605 148.Non-current liabilities (a + b + c) a.197) (458.00% 935.381 407.14 277.830.16 -3.Term deposits certificate d.Total liabilities to total assets (B/C) (times) H.237 3.58% -5.00% 0.641.227 (165.81 -2.740 0 316.840) 45.378 (15.653 1.07% 0.Other money market placements e.221 499.00% 930.51% 66.Return on assets (ROA) (D9/C) 4.05% (618.857 81.01% 0.779 11.86 1.08% 0.483 8.605 148.Cash & cash equivalent to total assets (C2e/C) 2.302 3.497 0 846.40 -0.15 3.665 184.Administrative expenses to profit before tax.Placement with other banks c.Capital /leverage ratios 1.636) (342.292 (123.28 -0.278 119.Other/misc.859.85% 34.193 442.00% 823.100.090 2.633 0 73.632 4.013 0 124.269 936.72% -0.26 0.928. (E4/D9) (times) 2.Cash generated from operating activities F.60% 66.76% -3.883 97.283 90.427 (239.54% 23.Total income/revenue (D3 to D5) 7.00% 0.25 -10.051 2.294 0 1.629 0 164.059) 277.376 1.738) 451.11% -7.01 0.325 765.15 0.35% 1.144 0 215.Cash generated from operating activities to profit after tax.132 62.Administrative expenses 8.05 -1.Share capital 2.389 38.925 444.471.59 49. of ordinary shares 2.097 451.Deposit on finance lease c.291 (527.638 1.00% 0.Lease income to total income (D3/D6) 6.Current liabilities C.610.86% 1.261 4.331 2.070.09 1.968 145.260 684.069.714) (144.No.Profit & loss account 1.687 2.Total liabilities (B1+ B2) 1.281.682 0 203.888.233.600) 25.840 99.605 148.250 0 480.580 3.63% 69.296 14.64% 1.274 4.89% 1.642 430.00% 0.918 4.Profit/(loss) after taxation E.59% -0.267 2.062.028.Total equity (A1 to A3) 1.03% 0.287 453.162.26 -2.664 3.Other/misc.408.Current assets to current liabilities (C2/B2) (times) 4.164 87.60% 1.93 2.902.990 1.00% 15.401 7.30 -11.648.33 -7.433 2.33% -0.Fixed assets c.Cash & cash equivalent (a + b + c + d) f.704 419.511 184.74 -7.446. current assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 653.11% 0.762) 6.362.63% 73.198 479.Return on revenue (ROR) (D9/D6) 5.682 100.Income from finance lease 2.Return on capital employed (ROCE) (D8/(C-B2)) 3.932 219.160 0.Liquidity ratios 1.000 692.942 1.114 208.635 (136.855 25.545.605 150.Financial Statement Analysis of Financial Sector Saudi Pak Leasing Company Limited Items A.830 5.650 30 18.329 0 132.Net investment in finance lease b.237 480.71 0.360 2.386 217.20 0.43 1.160 0.871.899.257 (839.83% 14.Net investment in finance lease to total assets (C1a/C) 3.Efficiency ratios/profitability ratios 1.100 136.90 0.497 6.435.323 112.538.056 721.76% -67.313.Earning per share (D9/E1) G.181.160 0.664 70.626 0 241.Cash and balances with treasury banks b.Cash flow ratio 1.565. (D7/D9) (times) 7.561 871.890 0 876.548) 451.569.28 -7.02 6.Current assets (e + f) a.257 (723.665 9.Capital ratio (A/C) 2.465 437.754) 135.00% 0.Cash generated from operating activities to current liabilities (E4/B2) (times) 91 .301 105.Non-current assets (a + b + c) a.95 0.Income from investments 5.80 0.07 10.038 36 31.148 451.Reserves 3.866 1.650 0 1.070) 45.305) 5.77% -2.863 1.358 632.09% 15.967 3.274 45.513 1.10% 31.865 73.386 3.115 3.378.05 1.Other items 1.181.29% 2.91% 1.Other income 6.Others B.905 74.554 435.122.772.223 2.241 306 955.353 0 177.383 114.010 10.474 303.160 0.934) 5.698 54.941.Return on equity (ROE) (D9/A) 2.720 2.678) 43.769.835 554.876 260.981 2.63 -210.004 3.181.795 91.861 120.800.257 (382.77 -2.565 90.410) 23.277.966 256.119 49. liabilities 2.937) (117.99 4.Borrowings from financial and other institutions b.397.Other/misc.970 677.67% -78.94% -19.Income from lease (D1 + D2) 4.555 3.Stock dividend 4.41 D.934 2.441.733 3.Income from operating lease 3.Break up value per share (A/E1) I.65% 0.00% (240.Profit/(loss) before taxation 9.760 211.83% 7. assets 2.Cash dividend 3.371.Un appropriated profit/loss 4.61 20.319 45.93 0.669.209 1.845 2.227 (419.880.37% -7.

607 1.586 2.Other items 1.876 15.461.37 -0.172 99.602.Profit/(loss) before taxation 9.97 2.518.Other/misc.673 919.358 285.271 215.110 0 20.467 130.09% 1.165 1.83% 2.Fixed assets c.00% 57.Share capital 2.530 6.550 9.750 939.00% 0.438 367.836.82% -19.010.830 1.826 43.46% 45.32% -1.168 2.55% 185.035 2.192 34 2.Total liabilities to total assets (B/C) (times) H.693 107.749.82% -9. (E4/D9) (times) 2.46 5.18% 11.Cash generated from operating activities to profit after tax.599 (108.35% -17.11 -0.00% 0.236.Others B.844 397.Return on equity (ROE) (D9/A) 2.369.258 383.058.16 -10.Cash generated from operating activities F.305 12.322 (49.531 59.615 998.06% 0.506 739.305 (10.00% 201. assets 2.665 349.44 -7.961.577.Term deposits certificate d.60% 18.Net investment in finance lease b.222.867 (1.110 22.300 9.561 513.867 380.830.668.87% 1.407) 4.96% -210.001.867 (449.770 456.632.Current assets (e + f) a.054 209.826 1.802 0.Cash flow ratio 1.77 0.483 3.44% 4.94 0.17 -460.377 2.10% 0.747 654.735 83.49% 82.500 118. (D7/D9) (times) 7.Profit & loss account 1.173 2.Cash & cash equivalent to total assets (C2e/C) 2.844 324.108.Current assets to current liabilities (C2/B2) (times) 4.Administrative expenses 8.96 0.00% (286.909) (273.161 46.02% -180. of ordinary shares 2.10% 0.21% 0.164 5.Capital /leverage ratios 1.797) 149.622 (13.634 4.892) 24.227 3.055 0 785.912 161.Other income 6.475 1.039) 211.066 141.16% 1.49% -0.787 438.Placement with other banks c.Income from finance lease 2.028 118.Total equity (A1 to A3) 1.28 -8.446) 21.097.41% 1.448 328.25 -23.86% 75.499 1.625) (60.128 2.274 3.06 0.34 -6.218 58.483 592.45 -165.01 0.517 1.67% 30.058 22 7.036 233.119.67% 1.028 118.867 (341.147.Current liabilities C.399.899) (24.705 1.328.157.830 2. liabilities 2.294 (625) 26.802 0.93 2.No.028 118.55% 131.114) (357.00% 0.834 1.812.00% 251.81% -22.357 60.849.684 583.319 43.28% -9.664 0 146.867 (497.Non-current liabilities (a + b + c) a.Liquidity ratios 1.582 1.955.902 1.42 4.595 441.623 1.830 78.853 1.36 5.287 1.937 1.57 8.354 105.Deposit on finance lease c.Income from operating lease 3.125) 47.Efficiency ratios/profitability ratios 1.966.307 440.08% 17.191 1.89 2.68% 1.166 586.513 494.055 (33.Net investment in finance lease to total assets (C1a/C) 3.108) 22.Profit/(loss) after taxation E.954) 100.04% 0.000 38.Return on assets (ROA) (D9/C) 4.586 2.Other money market placements e.937 (468.36% 0.Total assets (C1 + C2) 1.314 458.468.432.Income from investments 5.319 2.817 48.Break up value per share (A/E1) I.67% -0.78 0.003 438.618.Un appropriated profit/loss 4.302.106 39.114.Cash generated from operating activities to current liabilities (E4/B2) (times) 92 .674) 8.856 40.668 1.632 43.810 321.506 14.Lease income to total income (D3/D6) 6.750 680 101.Return on revenue (ROR) (D9/D6) 5. current assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 603.15 0.40 0.875 2.860 0 1.00% 152.Cash & cash equivalent (a + b + c + d) f.72 0.16 0.343 204.89 0.03 -0.32 0.82% 1.059 9.02 0.Total liabilities (B1+ B2) 1.460 5.32 D.400.Income from lease (D1 + D2) 4.00% 0.07 -0.784 1.315 0 3.681 559.813 0 556.118 (291.74 0.207 1.785) 51.Earning per share (D9/E1) G.997) 23.Cash dividend 3.544 0 1.942.12 0.Other/misc.Stock dividend 4.517 2.Borrowings from financial and other institutions b.61% 0.129 13.Non-current assets (a + b + c) a.802 0.11% 12.743 396.467.Capital ratio (A/C) 2.44% 0.16% -1.00% 1.802) 198.643 16.Reserves 3.632 246.000 76.370 475.814 305.635.Other/misc.027.75% 6.93 11.479 2.Financial Statement Analysis of Financial Sector Security Leasing Corporation Limited Items A.115 93.915.776 4.Cash and balances with treasury banks b.Total income/revenue (D3 to D5) 7.329 2.05% -3.829 2.547 3.418 116.Administrative expenses to profit before tax.704.449 438.444 60 38.091 686.924 21.727.428 89.Return on capital employed (ROCE) (D8/(C-B2)) 3.398 171.

953 163.61 0.65 20.45% 1.019 30.39% 11.Income from finance lease 2.992 98.424 60.Profit/(loss) after taxation E.773 979.33% 21.199 24.861 (29.294 30.44 1.739 335.492 201.Deposit on finance lease c.24% 11.635 61 28.95% 10.515 397 39.Profit & loss account 1.Return on assets (ROA) (D9/C) 4.354 60.23% -6.868) 55.75 -4.Total income/revenue (D3 to D5) 7.Current assets to current liabilities (C2/B2) (times) 4.560 108.Term deposits certificate d.118 0 108.243 81.077 30.000 63.Other items 1.Income from investments 5.424 (32.74 0.705 625.31 46.688 82.937 245.537 221.703 531.Total equity (A1 to A3) 1.070 92.303 300.844 75.069 742.513 1.15 0.714 503.30% 5.194 982.618 0 236.320 1.326 (486) 6.59% 1.32 0.820 2.99% 28.21 2.095 5.Total liabilities (B1+ B2) 1.15% -11.404 505.Non-current liabilities (a + b + c) a.218 70.823 133.31% 0.417) (67.953 479.158 798. liabilities 2.337 949 617.00% 5.089 163.70 8.302 0 21.600 21.209 (49.Cash generated from operating activities F.684 123.05% 45.054 (74.758 23.Administrative expenses 8.860) 43.00% 0.317 213.631.11% 1.Net investment in finance lease b.28 0.Cash generated from operating activities to current liabilities (E4/B2) (times) 93 .000 50.26 22.Return on equity (ROE) (D9/A) 2.654 830 329.18 2.15% -0.10 0.00% 210.397 11.172 103.Other income 6.833 1.Cash & cash equivalent (a + b + c + d) f.474 300.Placement with other banks c. of ordinary shares 2.Others B.Current liabilities C. assets 2.825 306.000 0.980 54.26 2.Fixed assets c.No.827 24.703 1.367 511.229 58 73.854 58.691 315.559 137.641 68.585 44.98% 89.72 23.040 135.21 58.138 832.993 300.00% 109.65% 3.Other/misc.44% -0.261 156.000 0.412 332.07% 0.00% 377.470 361.91 0.Return on capital employed (ROCE) (D8/(C-B2)) 3.Administrative expenses to profit before tax.02 0.08% 0.71% 86.867 30.667 1.Total liabilities to total assets (B/C) (times) H.946 18.553 25.642 87.000 5.96% 57.052 19.27 5.Reserves 3.257 0 236.22 6.140 627.120 141.171 184 43.35 -2.Efficiency ratios/profitability ratios 1.80% 3.911 541.82 -22.72% 38.Cash and balances with treasury banks b.Cash flow ratio 1.Other/misc.100 134.Total assets (C1 + C2) 1.540 99.000 11.000 61.27% 10.Cash dividend 3.00% 325.00% 0.016 57 23. (E4/D9) (times) 2.16 0.229 78.000 16.580 84.23% 6.329 85.Financial Statement Analysis of Financial Sector Sigma Leasing Corporation Limited Items A.Borrowings from financial and other institutions b.048 31.758 19.02 D.366 667.Income from operating lease 3.900) 43.00% 0.862 0 57.727 119.228 334.024 134.32 2.077 281.04% 0.01 6.333 1.95 0.344 580.918 33.608 67.00% 0.60% 4.206.456 156.07 31.80 1.538 313.262 1.370.192 89.888) 54.000 61.Profit/(loss) before taxation 9.98 0.48% 92.86% 0.47 0.508 316.503 743.958 382.27% 8.637 0 3.976 30.478 20.576 176.736 25.524 300.321 300.Un appropriated profit/loss 4.355 0 31.559) 40.03 31.Income from lease (D1 + D2) 4.16% 0.332 0 234.862 (55.Stock dividend 4.Capital ratio (A/C) 2.44% 3.35% 0.Earning per share (D9/E1) G.882 20.Cash & cash equivalent to total assets (C2e/C) 2.407 1.609 343 335.765 65 48.Net investment in finance lease to total assets (C1a/C) 3.12% 43.269 331.56 0. (D7/D9) (times) 7.00% 0.Non-current assets (a + b + c) a.841 48.Cash generated from operating activities to profit after tax.Return on revenue (ROR) (D9/D6) 5.974 278.Capital /leverage ratios 1.476 632.Other/misc.93% -67.40% 1.Break up value per share (A/E1) I.133 0 131.497 0 22.65% 12.17% 0. current assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 369.42% 22.44 65.287 0 10.Share capital 2.Other money market placements e.42% 6.Lease income to total income (D3/D6) 6.496 67 97.863 16.528 55.000 67.147 54.Liquidity ratios 1.Current assets (e + f) a.

Cash generated from operating activities to current liabilities (E4/B2) (times) 94 .409 230.52% 1.435 778.350.043.561 (56.540) (3.45% -3.311 0 482.34 36.87 0.Other money market placements e.402 964.961 811.00% (220. (D7/D9) (times) 7.Return on assets (ROA) (D9/C) 4.791 71.715 150.Others B.142 7.166 1.574) 97.Cash & cash equivalent to total assets (C2e/C) 2.15% 0.561 1.Other income 6.082.44 0.324 52 14 19.001.028 1.554 440.835 0.459 (394.61 5.00% -33.297 181.651) (853) 1.25 -0.667 445.00% 605.300 386.412.524) (3.833 (56.120 12.44 8.57 0.00% 0.84 -9.651 794.Lease income to total income (D3/D6) 6.134 0.795.651) (234.025 0 9.74 0.667 285.734 241.245 170 0 0 11.Cash flow ratio 1.Fixed assets c.Return on capital employed (ROCE) (D8/(C-B2)) 3.552) (59.795) -86.279.421 0 14.421 165.80% 2.547 42.47% 6.618 234.Income from operating lease 3.453 3.129 304.78 0.74 9.835 5.262) 0 165.678 3.78% 7.01% 0.62 -8.Net investment in finance lease b.741 0 11.724 9.06% 7.00% (584.505 48.Income from finance lease 2.259 81.626 65.263.885 2.699 277.Capital /leverage ratios 1.075 1.67 0.16 -7.079 1.Income from lease (D1 + D2) 4.Current assets (e + f) a.Administrative expenses to profit before tax.856 1.18 -0.232 32 8.354 118.543.657 855.Total liabilities to total assets (B/C) (times) H.560 70.738) (63.74% 6.815 736.Other/misc.182.526 1.342 94.00% 0.521 1.885 53.00 -0.Profit & loss account 1.775) 97.709 225.061.237.159 241.470 7 5.531.014 978.Profit/(loss) before taxation 9.560 7 5.930.929 (302.401 567.056 1.59 0.606 292.96 0.Borrowings from financial and other institutions b.Return on revenue (ROR) (D9/D6) 5.715 7.Current liabilities C.691 117.348 102 37.Cash dividend 3.369 97.845 1.72% -0.Earning per share (D9/E1) G.Administrative expenses 8.580.81% 17.00% 0.15% -5.423 18.83% -0.Current assets to current liabilities (C2/B2) (times) 4.134 2.063 2.01 0.545 2.74 -4.Cash & cash equivalent (a + b + c + d) f.Other/misc.518.161 2.Non-current assets (a + b + c) a.275 209.098 391.248 0 228.390) 5. of ordinary shares 2.962 39.Total equity (A1 to A3) 1.858 3.Other items 1.727 1.287 5.96% -0.52 33.Cash and balances with treasury banks b.609) 0 150.33% 0.578 1.246.Capital ratio (A/C) 2.354 102.30% -0.040 14.Return on equity (ROE) (D9/A) 2.893) 2.059 940.04% -0.35% 0.47% -8.34% 91.88 0.518 1.407 (213.628 37.90 0.690 11.63 0.66 0.Stock dividend 4.716 460.342 94.Non-current liabilities (a + b + c) a.289 1.34% 22.67 -0.30 D.132 269 16.835 0.736 0 201.269.382 344.341 304.134 0.Income from investments 5.354 94.07 0.973) 206.Total liabilities (B1+ B2) 1.735 286.893) 1.129 109.575 784.97% 87.Cash generated from operating activities to profit after tax.253.334 103.Total assets (C1 + C2) 1.249 2.407 (276.Cash generated from operating activities F.No.25% 1.38% 1.30 -6.00% 0.41% 44.281 304.400 0 19. current assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 272.Share capital 2.464 179.45 -5.785 6.764 482.408 (336.96 26.Break up value per share (A/E1) I.12% 5.Deposit on finance lease c.Efficiency ratios/profitability ratios 1.311 0 1.20% 1.288 264.Profit/(loss) after taxation E.751.434 1.359 391.138 978.92% 8.944.58% 0.Financial Statement Analysis of Financial Sector Standard Chartered Leasing Limited Items A.272.00% 1.743 978.16% 88.56 7.41% 54.493 23.698 0 19. assets 2.90 -0.745 920.274 39.871 66.184 (241.39% -76.55% 52.64% 93.Reserves 3.537 709.20% 8.892) 1. liabilities 2.415 1.466 1.Total income/revenue (D3 to D5) 7.561. (E4/D9) (times) 2.060 267.041.264.60% 59.Other/misc.Placement with other banks c.260 1.00% 0.016 236.77 -1.Term deposits certificate d.624) (3.14% -25.Net investment in finance lease to total assets (C1a/C) 3.32% 0.09% -0.Liquidity ratios 1.56 0.967 1.Un appropriated profit/loss 4.00% (434.081.292.355.345 76.035 698.

9 18. Current liabilities at Rs 17. Other CA FY11.0 2.8 over FY10. ANALYSIS OF ASSETS Current Assets Total assets declined by 7.0 18.2 percent during Rs 26. reflecting an increase of 4. 95 .0 10.0 percent respectively in FY11 as against 77. Total current assets were however Rs Billion Rs. 5% 4% -4.0 4.0 billion in 6.0 -30% ANALYSIS OF LIABILITIES Total liabilities witnesses a decline of 4. showing an increase of 3.3 billion in FY10 as against Rs 18. In absolute terms they decreased from 18. FY11.6 billion in FY10 to Rs 21.0 FY11 over FY10.0 Billion Rs.7 percent in FY10.0 0.3 and 22.5 billion in FY10 to Rs 24. showing a decline of 44.3 18.0 18.7 Cash & Bank Bal.8 over FY10. FY11 reflecting a decrease of 24.0 10.0 -2.5 billion in FY10 increased by 3.0 6. Gross revenue also witnessed a decrease of 17.5 FY 10 FY 11 0.0 TE SC RV UPL -24% -20% -25% -25% -6.0 8.5 billion in FY11.0 -10% -15% 0.0 percent in FY 11 0% 0% 4. Shareholder's Equity ANALYSIS OF SHAREHOLDERS’ EQUITY FY 10 Total shareholders’ equity (TE) at Rs 4.2 percent in FY11 over FY10.8 billion in both FY10 and FY11.0 billion in FY11.0 16.3 billion in 17.0 percent to reach Rs 18.7 billion in FY11.0 percent during FY11. The aggregate share capital remained same.0 8. 0.3 Current Assets (CA) Cash and bank balances at Rs 0.0 and 17. 0.0 12.0 billion in FY10 shrank to Rs 3.1 percent.7 billion respectively in FY11. 20.0 14.6 billion and Rs. Share Composition of current and non-current liabilities to total liabilities was 83. Other current assets at Rs 18. Share Capital (SC) was Rs Growth% 10% 8.0 -5% 2.1 percent from Rs 22.6 0.6 billion in FY11. Losses before and after tax have been Rs. Analysis revealed that their balance sheet size squeezed by 7.9 billion in FY11.Financial Statement Analysis of Financial Sector 2011 INVESTMENT BANKS The performance of investment banks has deteriorated over the year.

0 GR AMIN OP -1% FC -10% -17% -2.0 -25% 1.1 0.7 -1.4 billion in FY11 Profit & Loss Account decreased by 17. Finance cost decreased by10.0 1. Long-term investments at Rs 2.2 billion in FY10.6 PAT -0.6 billion and Rs 0.0 percent from Rs 2.0 5.0 constituted 47.0% -5.0 PBT -0.0 3. Losses of investment banks before and after taxes were Rs 0.2 9.0 percent in 2.9 2.Current Assets FY11 showing a decrease of 30.0 Billion Rs. Return on equity (ROE). Operating profit stayed at Rs 1.0 -40% respectively.0 8.1% ROR FY 10 -9.0 1.0% -30.4% -34.7 billion in 2011 Non. -20% ROE -30% -35% -40% ROA -3.4 1.9 -30% -32% Non-Current Fixed Assets Assets assets formation in investment banks at Rs 0.1 billion in FY10. Operating profit Growth% 80% 2. PROFITABILITY AND OPERATING EFFICIENCY Gross revenue at Rs 2.8% -15% -25% ROCE FY 11 -20.0 6.4 2.0 7. investment which was 35.Financial Statement Analysis of Financial Sector Total non-current assets at Rs 5.9% .0 gross revenue in the years FY10 and FY11 40% 1.2 1. The administrative and operating 3. return on capital employed (ROCE) .7 -10% -15% 4.9 Growth% Long Trem Invt.5 45% 20% 0. The fixed FY 10 8.9% -45% -50% 96 -46.0 in both FY10 and FY11.3 0% -20% -1.2 -21% 3.7 billion respectively in FY11.4 billion FY 11 4.4 percent to reach Rs 2.0 0.return on assets (ROA) and Profitability Ratios 0% -5% also return on revenue (ROR) remained in the -10% negative zone in FY11.0 billion in FY11 decreased by 32.1 percent over FY10.9 66% 2.0 4.8 percent and 57.0 -20% 2.9 billion FY 10 in FY10.4 1.0 expenses showed a decrease of 32. FY11. The main constituent was long-term Billion Rs. -31% -30% -35% Other NCA billion in FY11 were Rs 1.3 percent form Rs 3.0 2.9 -32% -3.0 billion in FY11 from Rs 2.0 FY 11 0% -5% 5.0 -1.0 billion in FY10.3 percent of 60% 2.0 percent of noncurrent assets in FY11.9% -24.

320 28.474 3.647.041 934.266 800.595 18.05 2.38% -36.792.Total liabilities to total assets (B/C) (times) 0.Cash generated from operating activities (650.562 694.385 8.735 33.067 2.011.092.692.780.579 1.890.64 0.536) (1.89 4.765.597 c.20% 21.82% -24.70% -46.977.615 857.809.Share capital 4.369.813 4.956.946 24.724.914.862.271 (5.351 5.493.04% 17.018 45.Non-current liabilities 9.74 -1.283 11.771.722.092 32.257 3.115 5.374.752.502.500.419 7.Current assets (a + b) 32.874 2.745.38% 2.700.885.077 1.804 676.018 5.530.255) 3.055 1.104) (858.573 3.556.82 14.20% 8.925) (135.Others B.Earning per share (D6/E1) G.809.499.740 879.062 (1.Cash and banks balances b.259.863) Items A.024.Other non-current assets 2.328 5.Capital /leverage ratios 1.944.479 1.23% -33.50 4.026.Reserves 1.053 7.523) F.Unappropriated profit/loss 1.171 2.Profit/(loss) before taxation 673.Non-current assets (a + b + c) 4.372 26.94% -30.48% 14.066) (992.319) 3.518.688 3.971.448.891 2.Cash generated from operating activities to profit after tax.38 -4.28% 204.385 2.989 (711.Stock dividend/bonus shares N/A N/A N/A N/A N/A 761.370.Fixed assets D.651.881 998.037 22.521) (645.788 346.467.53 -0.537 18.926. of shares 2. (E4/D6) (times) 97 .819 b.Profit & loss account E.Efficiency ratios/profitability ratios 4.900 27.390.916.010.116 1.544.638 22.Other items 1.194 1.52% 10.Overall 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 7.397 9.633 3.741) (732.153 9.077 1.Long term investment to total assets (C2b/C) H.Total equity (A1 to A3) 4.616 3.436 148.338.Liquidity ratios 3.385 2.554.Gross revenue 5.24 -2.Cash flow ratio 1.014.00 1.06% -2.534.810.479.689) (1.899 (4.359.245.043.02 1.636.856.018.545.Financial Statement Analysis of Financial Sector Investment Banks .11% -138.788 15.56% -111.08 4.063.359.297 21.965.410 860.255.284.95% 16.807 18.088.026) 36.590.002.96% 3.616 38.Cash dividend N/A N/A N/A N/A N/A 3.Return on assets (ROA) (D6/C) 1.007.740) (69.10 -1.960.330 1.876 (839.153.33% 11.526.Administartive & operating expenses 1.08% -20.76% 3.873.Current liabilities 7.749 10.614) (892.203 1.625.Return on capital employed (ROCE) (D5/(C-B1)) 3.818 14.491 11.835 8.Profit/(loss) after taxation 693.939 a.Operating expenses to net income (D2/D6) 6.96% -24.43% 2.104.90 0.310 17.951 21.83 0.49 3.699.855 36.91% 12.571.Other current assets 2.Break up value per share (A/E1) I.670 2.145 1.Total assets (C1+C2) 44.840 2.861.Total liabilities (B1 + B2) 1.526 1.355 6.600 17.Finance cost 2.320.006.343 22.708) (4.357.84 0.05 1.145.283 9.142 2.Current assets to current liabilities (C1/B1) (times) 1.14 1.87% -9.937 627.797.134 18.87% 183.41 1.089.220 2.659 (4.Long-term investments 7.902.939 880.599.235.908 1.404 54.811 a.77% 10.235 880.262) 6.933.85 0.16% 17.578) (95.59% 14.22 1.Operating profit 4.978) 343.81% -105.472.118.17% -144.516 4.471 36.487 1.817 3.009 C.343.161 4.214.264) (3.72% -11.862 2.Return on equity (ROE) (D6/A) 9.446 2.88 17.407 2.Return on revenue (ROR) (D6/D1) 5.83 1.98% 12.57% 1.24% 9.No.Capital ratio (A/C) 2.15% -5.808.31 0.850 1.352 8.270.

102.108.402) 4.267 92.741 117.00% 0.86% 31.443 1.000 441.660 6.105 979.712.Return on capital employed (ROCE) (D5/(C-B1)) 8.517 1.Non-current liabilities 133.901 1.833 91.23% -27.243 134.55 8.000 441.Share capital 441.Gross revenue 841.843.050 3.854 32.233 851.Other non-current assets 209.733 5.986 2.319 141.269 6.121 a.Cash and banks balances b.581 90.888 866.71 0.013.Cash dividend 20.349 238.Earning per share (D6/E1) G.467 999.77 -2.881 189.Current liabilities 7.088.Cash generated from operating activities F.12% -46.746 256.201 94.12% -7.234 c.593 (3.765 2.726.Total liabilities to total assets (B/C) (times) 0.47% 17.95 3.75 -1.19 19.533) 1. (E4/D6) (times) 98 .56% 25.Break up value per share (A/E1) I.Reserves 126.36% 3.339 226.243 851.37% 0.432) 259.No.17% 18.737.050 154.498) 4.Cash generated from operating activities to profit after tax.92% -85.90 -3.00% 20.107 1.100 44.083 423.383 106.Administartive & operating expenses 216.00% 0.502.658 82.279 1.160 135.Long-term investments 569.648.396 2.23% 16.860 4.710 347.374 544.32 13.00% 0.161 5.050 154.824 5.42% 166.31% -78.Total equity (A1 to A3) (15.908 (2.943) Items A.691 91.00% 0.758) (290.Fixed assets 143.162 556.353 (228.129 1.298) (62.685.961 921.164 137.007 85.071 16.98 0.Cash flow ratio 1.400 811.89% -6.49 1.Others B.199 433.03% 14.Total liabilities (B1 + B2) 1.14 1.919 356.Capital /leverage ratios 1.90% 15.167 5.00% 0.00% 5.Current assets to current liabilities (C1/B1) (times) 1.Financial Statement Analysis of Financial Sector Escorts Investment Bank 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 802.Stock dividend/bonus shares 4.332 140.Finance cost 163.Current assets (a + b) 5.563 4.739 b.499 1.20 1.087.971 1.800 2.937 (124.512 3.Capital ratio (A/C) 2.835) (64.100 44.765 832.100 44.33% 13.100 2.803 C.Operating profit 625.508 26.787 1.938 530.817 (166.31 6.03% -15.Liquidity ratios 3.163 566.00% 0.11% 28.524 182.403 366.19% 2.Long term investment to total assets (C2b/C) H.18% -27.870 1.Profit & loss account E.536 531.89 0.Return on revenue (ROR) (D6/D1) 5.487 154.16 3.057 971.910 2.45% 2.147.13 -3.00% 0.600 214.934.14% 2.93% -2.21% 172.87 0.83% -31.168.598 193.292 304.87 0.52% 13.247) (115.48% -20.000 2.943 157.145.86 9.Unappropriated profit/loss 234.410) 6.289.478 19.000 441.542 19.99 2.00% (454.905 3.63 -2.78 0.266 911.107.14 0.177 410.Profit/(loss) before taxation 141.050 154.63% -63.358 76.148 1.41 1.829 5.93% -138.Return on assets (ROA) (D6/C) 2.Return on equity (ROE) (D6/A) 4.643 1.512 804.394.93% 7. of shares 44.248 201.803 (111.Other current assets 2.850 597.61 -1.831) 188.Profit/(loss) after taxation 130.33% -14.100 44.34% 22.00% 0.879.428 306.185) a.435 4.Non-current assets (a + b + c) D.Total assets (C1+C2) 5.Efficiency ratios/profitability ratios 1.59% 8.662.496.Operating expenses to net income (D2/D6) 6.000 441.Other items 1.

627 4.44 12.137 986.240 49.800) 1.496 351.586) 1.36 1.12 -1.663 3.568 816.605 c.Cash flow ratio 1.392) 4.461 12.286 178.855) 10.469 18.Operating expenses to net income (D2/D6) 53.522 102.301.867 629.000 2.089.063 52.Cash dividend 0.977 1.73 0.187 13.350 114.00% 0.504 1.Capital ratio (A/C) 2.00% 0.Current liabilities (22.57% 4.058.Return on capital employed (ROCE) (D5/(C-B1)) 7.96% 46.248 818.99% 3.Non-current liabilities a.177 a.Total assets (C1+C2) 2.Return on assets (ROA) (D6/C) 2.75 -0.Return on equity (ROE) (D6/A) 6.22% 604.488 81.00% (208.91% 32.56 0.071 (7.306 214.Unappropriated profit/loss 322.91% 55.83% 4.958 44.426 0 168.43% 0.66 0.87% 0.00% 0.58% 3.92 0.675) (12.68 0.Gross revenue 2.100 65.78 50.Other non-current assets 331.982 808.517.Other current assets 2.Cash generated from operating activities to profit after tax.000 2.Cash generated from operating activities F.687 788.038 7.125 C.90% 1.254.20 -3.77% 3.Fixed assets D.000 650.63 1.Finance cost 102.Capital /leverage ratios 1.62% 0.05% 2.71% 0.Profit/(loss) before taxation 57.000 65.424 42.Total liabilities (B1 + B2) 1.45 0.77% 53.Cash and banks balances b.804 29.180 728.510.572) 388.Current assets (a + b) 1.419) 6.014.699 130.874 (88.Stock dividend/bonus shares 0.Reserves 111.13% 36.218 88.58% 26.296 164.324 1.Administartive & operating expenses 3.Long-term investments 434.53 21.427 835.724 1.Total liabilities to total assets (B/C) (times) 0.969 31.328 46.943 4.41% 43.Current assets to current liabilities (C1/B1) (times) 0.014.00% 0.15% 2.Profit & loss account 1.54% -14.729.31 E.00% 0.54% -5.000 208.36 0.427 (115.683 12.00% 0.328 621.98 0.876 1.Efficiency ratios/profitability ratios 1.Profit/(loss) after taxation 55.Financial Statement Analysis of Financial Sector First Credit and Investment Bank 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 553.969 43.32 12.169 843.05% 623.193 2.598 1.409 170.279.458 803.595 779.253 1.Total equity (A1 to A3) (6.Long term investment to total assets (C2b/C) H.317 663.00% 0.478 9.826 965.67% 44.11% -55.006 190.18 2.Liquidity ratios 3.300 100 130.859 602.497 1.015 (136.860 39.95% 0.388) (14.75 44.56 11.179.249 594.578 690.Other items 4.Return on revenue (ROR) (D6/D1) 29.018 89.282 137.056 115.00% 0.663 117.Others B.Operating profit 160.673 16.26% 8.344 5.088 676.479 48.377 24.064 49.280 92.442 727.979 1.No.558 116.462) 1.27% 44.730 6.483 1.65 12.967) (12.Break up value per share (A/E1) I.072 b. (E4/D6) (times) 99 .923 12.59% 4.089 117.684) Items A.582 400.995 1.217 533.12 0.476 699.000 650.358 209.64% 245.000.79% -64. of shares 11.Share capital 119.800.82 1.771 1.17 1.163 786.901 557.93% 0.898 8.00% 3.779 (39.000 650.19% 5.464.74% 47.Earning per share (D6/E1) G.Non-current assets (a + b + c) 25.000 65.461 106.751 5.655 7.96% -12.835 89.249 802.

90% 5.137 11.069.520 113.01% -226.14 31.618 1.519 9.253 12.Capital /leverage ratios 1.250.052 10.08% -761.285.881 235.Other current assets 2.233 134.Other items F.246) 688.25% 26.Non-current assets (a + b + c) a.563 615.15 -7.00% 0.342.444.22 0.508) (1.404 33.Operating profit E.578 1.701 8.112 (1.27 3.623 88.432 69.493 1.326 2.38% -199.Capital ratio (A/C) 2.529 1.53% 0.681 9.378 1.218 3.Unappropriated profit/loss 199.80 0.73% 8.496 1.891 18.85% 21.824.99% 0.87% 33.004 1.144.Total liabilities to total assets (B/C) (times) 0.Cash and banks balances b.Liquidity ratios 3.064.Return on revenue (ROR) (D6/D1) 14.210 333.107 1.71 -2.59 2.269 123.Fixed assets b.00% 0.44 5.655 (1.007 856.540 11.335 2.63 2.Financial Statement Analysis of Financial Sector First Dawood Investment Bank Items A.387 a.105 8. of shares 49.961 163.027 D.Total assets (C1+C2) 12.287.184.10 0.84 1.891 1.00% 10.75% 32.Current liabilities 0 0 (67.Finance cost 840.Profit/(loss) after taxation 179.Gross revenue 2.13 4.190.747 8.195 5.24 -6.00% 0.060.Efficiency ratios/profitability ratios 1.173 193.587 114.Total liabilities (B1 + B2) 1.232 4.222 292.676 (44.409 2.Administartive & operating expenses 1.298.233 2.00% 0.421 1.Return on assets (ROA) (D6/C) 1.162.416 3.59 4.525 56.06% 444.221 1.868) (485.85% 2.10% 3.745 333.199 5.069 2.342.906 1.309.949) (987.499 410.655.98% 13.340 146.954 62.86% -5.98 2.315.Share capital 495.Current assets to current liabilities (C1/B1) (times) 1.336 293.259 72.791 1.Cash flow ratio 1.032 2.527.No.504 11.591.694 1.251 569.028 85.269.Stock dividend/bonus shares 15.377 94.16% -7.00 -28.Profit/(loss) before taxation 178.762) 10.59% 0.Return on equity (ROE) (D6/A) 6.064.729 526.681 2.649 134.88% 12.504 141.95% 3.217.Other non-current assets 9.796.47% 0.Total equity (A1 to A3) 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.024.79 1.667.136 824.024) 1.00% 0.339.778.27% 0.086 1.00% 0.871) (24.049 99.302 1.917 185.01% -34.692.471 1.468.634.396.610 980.586 1.745 3.68 11.84% 12.28% 0.575) 234.25% 54.472 1.996 (403.626.445) 2.Long term investment to total assets (C2b/C) H.168 104.Current assets (a + b) 10.974 62.791.26 0.829.543 577.905 6.477 36.107 (115.059.60% 0.00% 0.Cash dividend 0.529 2.371.99% -22.Long-term investments c.791 192.Cash generated from operating activities 846.703 4.Earning per share (D6/E1) -7.182.28 3.00% 3.165) 4.74% 1.Profit & loss account 1.190 22.872 656.756 194.03% 0.59% 128.136.Others B.149.41% 4.Break up value per share (A/E1) I.415.221 (256.233.133 320.352) 1.Reserves 896.Operating expenses to net income (D2/D6) 40.Non-current liabilities 1.Return on capital employed (ROCE) (D5/(C-B1)) 5. (E4/D6) (times) 100 .427 (1.422) 377.128.947 721.00% 4.450 1.102.10% 7.218 C.838 7.Cash generated from operating activities to profit after tax.881 97.326 1.00% -2.807.235.974 3.75 1.030 258.415 1.539 626.15% G.33 1.291.218.14 1.81 -0.87 0.196.148.403 5.

Cash dividend 0.708 85.42 -4.082.310.Profit & loss account E.863 112.831 136.664 216.433.368 1.694 4.193 542.Cash and banks balances b.334 2.Profit/(loss) after taxation (39.573 112.636 1.052 88.626 7.67% -0.977) (62.102 2.293.77% 3.242 (622.Return on equity (ROE) (D6/A) -3.73% -1.16 1.548.155) (13.Total assets (C1+C2) 6.506 136.147 2.77 -0.192 7.Others B.Operating expenses to net income (D2/D6) 6. of shares 92.618 138.705.966 849.20% -17.Gross revenue 585.137 769.244.043 380.121.Non-current liabilities 2.94% 11.047.06% 22.150 4.997.835 473.Unappropriated profit/loss (17.184 2.50% 19.790) (208.Other non-current assets D.16 1.606 3.764 1.008 7.Current assets (a + b) 3.593 423.608.Cash generated from operating activities F.392.591 618.029 560.145 115.06% 5.267) (45.35% 8.Other items 4.145 (7.425.386) 375.957 1.225) 157.Non-current assets (a + b + c) 269.Return on revenue (ROR) (D6/D1) -6.Administartive & operating expenses 207.249 4.83% 28.315 1.147.906.Total liabilities (B1 + B2) (1.58 8.43 -0.Return on assets (ROA) (D6/C) -0.84% 48.069) (38.419 873.541) (388.Finance cost 482.58 10.75% -15.07% -11.681.551) 1.121.665.68% -0.647 6.529.Capital ratio (A/C) 2. (E4/D6) (times) 101 .268) (271.147.799.288 7.991.59% -0.552.124.409.00% 0.42% -531.00% 0.030 151.383.480 1.458 7.905.682 6.28 1.025 2.623 1.Break up value per share (A/E1) I.Stock dividend/bonus shares 0.086 643.975.Reserves 152.25% 11.232 4.025 2.12 2.018 1.248 (368.990 764.383 1.016 9.811 1.102 212.29 a.534) (1.566 8.218 212.649.249 a.334 1.873 571.18% -3.396 6.067.Current liabilities 3.81 6.112.42% 16.Financial Statement Analysis of Financial Sector IGI Investment Bank Ltd.599.151 C.Liquidity ratios 3.00% 0.01 2.610 710.673.654) (399.96% 55.108 208.61% -257.548 501.217.62% -20.516.66 0.025 2.086 (164.10% -0.23% 23.93% -2.018.601 6.940 2.714 6.Earning per share (D6/E1) G.612 689.52 5.24 -2.834.637) (450.451 411.472 1.121.03 1.157) (6.00% 0.Total liabilities to total assets (B/C) (times) 0.84 0.Share capital 922.121.001 5.00% 111.444) 5.535 2.106 9.877.869.831 115.84 57.096) (55.No.Efficiency ratios/profitability ratios 5.98 1.310 2.040.92% 4.050 6.00% 0.102 212.314.716 6. 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.236 923.775 624.00% 3.28% 20.00% 0.Capital /leverage ratios 1.231 2.767) 6.618) 1.Long-term investments c.71 0.943 1.278 459.025 2.615 784.Fixed assets b.627) (852.00% 0.Long term investment to total assets (C2b/C) H.Other current assets 2.78 0.Operating profit 377.53% -140.46% -1.77 -1.89 28.Total equity (A1 to A3) 3.258.654 8.909 676.649.43% 2.995 530.386 3.995 234.537 3.767) 2.69% -29.170.84 0.87% -24.102 212.54% 16.766.449 188.Current assets to current liabilities (C1/B1) (times) 1.Cash flow ratio 1.152) Items A.352 705.36% -13.00% 0.Cash generated from operating activities to profit after tax.173.Profit/(loss) before taxation (79.643 2.Return on capital employed (ROCE) (D5/(C-B1)) -2.229 1.831.538 3.76% 16.01 0.

Financial Statement Analysis of Financial Sector

Invest Capital Investment Bank Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others

B.Total liabilities (B1 + B2)
1.Current liabilities

2007

2008

2009

(257,893)

380,238

853,716

2011

(Thousand Rupees)
2010
2011
214,273

(371,982)

100,000

746,424

2,727,669

2,848,669

2,848,669

2,388

(347,924)

(2,022,076)

(2,022,076)

(2,022,076)

(360,281)

(18,262)

148,123

(612,320)

(1,198,575)

214,154

190,476

144,871

17,189

20,019

64,955

1,457,526

6,848,396

4,841,876

3,935,945

64,659

1,456,235

4,779,208

3,896,071

3,255,846

296

1,291

2,069,188

945,805

680,099

C.Total assets (C1+C2)

21,216

2,028,240

7,846,983

5,073,338

3,583,982

1.Current assets (a + b)

15,956

1,646,427

5,073,978

3,686,464

2,728,022

2.Non-current liabilities

409

59,435

248,332

75,318

15,341

15,547

1,586,992

4,825,646

3,611,146

2,712,681

5,260

381,813

2,773,005

1,386,874

855,960

a.Fixed assets

1,109

159,020

946,976

463,409

310,817

b.Long-term investments

4,051

189,738

175,439

128,543

112,882

100

33,055

1,650,590

794,922

432,261

a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)

c.Other non-current assets

D.Profit & loss account
3,790

298,511

126,349

636,391

207,610

2.Administartive & operating expenses

11,398

211,663

(239,922)

612,798

228,676

3.Operating profit

(7,608)

86,848

366,271

23,593

(21,066)

1,265

88,794

(60,849)

561,067

325,595

1.Gross revenue

4.Finance cost
5.Profit/(loss) before taxation

(34,004)

(4,521)

175,970

(717,297)

(438,434)

6.Profit/(loss) after taxation

(34,022)

(19,468)

165,350

(761,121)

(439,145)

1.No. of shares

10,000

74,642

272,767

284,867

284,867

2.Cash dividend

0.00%

0.00%

0.00%

0.00%

0.00%

3.Stock dividend/bonus shares

0.00%

0.00%

0.00%

0.00%

0.00%

4.Cash generated from operating activities

(7,895)

(380,013)

374,906

554,605

162,678

13.19%

-0.05%

19.37%

-355.21%

118.06%
-133.61%

E.Other items

F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)

78.27%

-0.01%

5.74%

-60.93%

3.Return on assets (ROA) (D6/C)

-160.36%

-0.01%

2.11%

-15.00%

-12.25%

4.Return on revenue (ROR) (D6/D1)

-897.68%

-0.07%

130.87%

-119.60%

-211.52%

-33.50%

-10.87%

-145.10%

-80.51%

-52.07%

-3.40

-0.26

0.61

-2.67

-1.54

1.Current assets to current liabilities (C1/B1) (times)

0.25

1.13

1.06

0.95

0.84

2.Total liabilities to total assets (B/C) (times)

3.06

0.72

0.87

0.95

1.10

19.09%

0.09%

2.24%

2.53%

3.15%

-1,215.56%

0.19%

10.88%

4.22%

-10.38%

-25.79

5.09

3.13

0.75

-1.31

0.23

19.52

2.27

-0.73

-0.37

2.Return on capital employed (ROCE) (D5/(C-B1))

5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)

G.Liquidity ratios

3.Long term investment to total assets (C2b/C)

H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)

I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)

102

Financial Statement Analysis of Financial Sector

Security Investment Bank Ltd.

2011

(Thousand Rupees)
2010
2011

2007

2008

2009

654,086

680,706

488,012

511,929

518,022

1.Share capital

428,613

514,336

514,336

514,336

514,336

2.Reserves

134,326

139,650

139,650

141,611

142,123

91,147

26,720

(165,974)

(144,018)

(138,437)

Items
A.Total equity (A1 to A3)

3.Unappropriated profit/loss
4.Others

B.Total liabilities (B1 + B2)
1.Current liabilities

(61,447)

(376,279)

(37,333)

(45,313)

(47,431)

2,209,426

627,119

508,819

296,883

397,627

2,204,250

620,833

500,880

296,883

397,627

5,176

6,286

7,939

0

0

C.Total assets (C1+C2)

2,802,065

931,546

959,498

763,499

868,218

1.Current assets (a + b)

2,596,093

699,235

738,195

632,472

743,372

2.Non-current liabilities

a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)

102,460

26,255

28,117

7,664

14,180

2,493,633

672,980

710,078

624,808

729,192

205,972

232,311

221,303

131,027

124,846

5,747

4,919

3,630

1,813

1,749

151,299

151,220

151,141

51,062

50,983

48,926

76,172

66,532

78,152

72,114

315,726

192,045

64,289

88,186

68,048

33,376

31,435

27,399

33,842

32,112

282,350

160,610

36,890

54,344

35,936

0

0

0

45,637

29,409

5.Profit/(loss) before taxation

97,778

26,828

(202,728)

8,708

6,526

6.Profit/(loss) after taxation

89,244

26,619

(192,693)

13,204

6,093

1.No. of shares

42,861

51,434

51,434

51,434

51,434

2.Cash dividend

0.00%

0.00%

0.00%

0.00%

0.00%

20.00%

0.00%

0.00%

0.00%

0.00%

(156,345)

(27,543)

(31,171)

(168,174)

(41,234)

1.Return on equity (ROE) (D6/A)

13.64%

0.04%

-39.49%

2.58%

1.18%

2.Return on capital employed (ROCE) (D5/(C-B1))

16.36%

0.09%

-44.20%

1.87%

1.39%

3.19%

0.03%

-20.08%

1.73%

0.70%

4.Return on revenue (ROR) (D6/D1)

28.27%

0.14%

-299.73%

14.97%

8.95%

5.Operating expenses to net income (D2/D6)

37.40%

1.18%

-14.22%

256.30%

527.03%

2.08

0.52

-3.75

0.26

0.12

1.Current assets to current liabilities (C1/B1) (times)

1.18

1.13

1.47

2.13

1.87

2.Total liabilities to total assets (B/C) (times)

0.79

0.67

0.53

0.39

0.46

5.40%

0.16%

15.75%

6.69%

5.87%

23.34%

0.73%

50.86%

67.05%

59.66%

15.26

13.24

9.49

9.95

10.07

-1.75

-1.04

0.16

-12.74

-6.77

a.Fixed assets
b.Long-term investments
c.Other non-current assets

D.Profit & loss account
1.Gross revenue
2.Administartive & operating expenses
3.Operating profit
4.Finance cost

E.Other items

3.Stock dividend/bonus shares
4.Cash generated from operating activities

F.Efficiency ratios/profitability ratios

3.Return on assets (ROA) (D6/C)

6.Earning per share (D6/E1)

G.Liquidity ratios

3.Long term investment to total assets (C2b/C)

H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)

I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)

103

Financial Statement Analysis of Financial Sector

Trust Investment Bank Ltd.

2011

(Thousand Rupees)
2010
2011

2007

2008

2009

1,016,064

1,095,609

380,731

(24,562)

100,153

1.Share capital

468,423

585,529

585,529

892,029

892,029

2.Reserves

308,517

267,758

267,759

267,758

301,031

3.Unappropriated profit/loss

239,124

242,322

(472,557)

(1,184,349)

(1,092,907)

Items
A.Total equity (A1 to A3)

72,656

27,676

5,421,020

6,594

7,106,813

6,315,225

5,858,092

5,252,807

1.Current liabilities

2,784,226

4,776,224

4,243,904

4,047,642

3,595,194

4.Others

B.Total liabilities (B1 + B2)

(270,341)

(220,625)

2.Non-current liabilities

2,636,794

2,330,589

2,071,321

1,810,450

1,657,613

C.Total assets (C1+C2)

6,443,678

7,932,081

6,475,331

5,906,186

5,380,636

1.Current assets (a + b)

3,201,624

3,510,993

4,277,208

3,803,392

3,804,192

a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)

200,947

93,289

158,792

143,195

29,108

3,000,677

3,417,704

4,118,416

3,660,197

3,775,084

3,242,054

4,421,088

2,198,123

2,102,794

1,576,444
232,207

108,061

157,284

110,710

331,607

3,018,135

3,420,843

162,976

59,662

64,336

115,858

842,961

1,924,437

1,711,525

1,279,901

1.Gross revenue

732,403

949,051

694,857

451,182

618,729

2.Administartive & operating expenses

165,415

193,656

173,142

183,700

150,199

3.Operating profit

566,988

755,395

521,715

267,482

468,530

4.Finance cost

428,762

538,473

875,119

685,568

587,196

5.Profit/(loss) before taxation

115,547

66,124

(976,389)

(904,575)

183,337

6.Profit/(loss) after taxation

103,047

149,783

(715,226)

(701,808)

166,363

1.No. of shares

46,842

58,553

58,553

89,203

89,203

2.Cash dividend

15.00%

0.00%

0.00%

0.00%

0.00%

3.Stock dividend/bonus shares

25.00%

0.00%

0.00%

0.00%

0.00%

4.Cash generated from operating activities

943,352

(1,211,474)

660,426

312,103

(488,172)

10.14%

13.67%

-187.86%

2,857.29%

166.11%

2.Return on capital employed (ROCE) (D5/(C-B1))

3.16%

2.10%

-43.76%

-48.67%

3.Return on assets (ROA) (D6/C)

1.60%

1.89%

-11.05%

-11.88%

3.09%

14.07%

15.78%

-102.93%

-155.55%

26.89%

160.52%

129.29%

-24.21%

-26.18%

90.28%

2.20

2.56

-12.22

-7.87

1.86

1.Current assets to current liabilities (C1/B1) (times)

1.15

0.74

1.01

0.94

1.06

2.Total liabilities to total assets (B/C) (times)

0.84

0.90

0.98

0.99

0.98

46.84%

43.13%

2.52%

1.01%

1.20%

15.77%

13.81%

5.88%

-0.42%

1.86%

21.69

18.71

6.50

-0.28

1.12

9.15

-8.09

-0.92

-0.44

-2.93

a.Fixed assets
b.Long-term investments
c.Other non-current assets

D.Profit & loss account

E.Other items

F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)

4.Return on revenue (ROR) (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)

10.27%

G.Liquidity ratios

3.Long term investment to total assets (C2b/C)

H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)

I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)

104

Financial Statement Analysis of Financial Sector

2011

MUTUAL FUNDS (CLOSE ENDED)
PERFORMANCE AT A GLANCE
Balance sheet size of Mutual Funds contracted by 17.1 percent in FY11 over FY10. Total assets
decreased from Rs 31.2 billion in FY10 to Rs 25.8 billion in FY11. Net income was Rs. 4.3 billion in
FY11 as compared to Rs. 3.0 billion for FY10.

ANALYSIS OF BALANCE SHEET COMPONENTS
Total equity of mutual funds witnessed a decrease

Components of Balance Sheet

of Rs 4.6 billion or 18.1 percent in FY11 over
in FY10 to Rs 25.8 billion in FY11 showing a

Billion Rs.

FY10. Total assets decreased from Rs 31.2 billion

35
30
25
20
15
10
5
0

decrease of 17.1 percent over FY10. Analysis

percent in FY10. Components of equity have a

-17%

-18%

-10%

-40%

-46%

-70%
-100%

Total Equity

Total
Liabilities

Total Assets

FY 10

25.5

1.0

31.2

FY 11

20.9

0.6

25.8

Growth

-18%

-46%

-17%

revealed that around 90.6 percent of total assets
were in form of investments as compared to 86.0

20%

mixed trend.
Major Components of Assets
17%
15%

35.0
30.0

1.7
0.6

Billion Rs.

25.0

15.0

-2%
-15%

others

26.8

23.4

7%

Cash & Bank Bal.

0.0

Unappropriated
Proftif/Loss

FY10
93%

10.0
5.0

Reserve

8%

Investments

20.0

Certificate Holder
Equity

Other

76%
2.7

1.8

FY 10

FY 11

FY11

Certificate holders’ equity declined by 31.2 percent in FY11, whereas reserves increased by 5.3
percent. Current assets in form of cash and bank balances decreased from Rs 2.7 billion in FY10 to Rs
1.8 billion in FY11 registering a decline of around 31.1 percent over FY10. Investment decreased from
Rs 26.8 billion in FY10 to Rs 23.4 billion in FY11. Certificate holder equity recorded decline during
FY11, witnessing a decrease of around 31.2 percent in FY11 over FY10, however the other two
components that is ‘reserve and ‘un-appropriated profit’ increased during the year under review.
Reserve increased from Rs 2.0 billion in FY10 to Rs 2.1 billion in FY11; an increase of around 5.3

105

Financial Statement Analysis of Financial Sector

2011

percent in FY11 over FY10. Un-appropriate profit also witnessed an increase of about 89.4 percent in
FY11 over FY10.

ANALYSIS OF PROFITABILITY

Major Sources of Income

FY11 as compared to FY10. In absolute terms
total income increased from Rs 4.1 billion in
FY10 to Rs 5.0 billion in FY11, registering an

Billion Rs.

On income side, gross revenue increased in

6.0

70%

5.0

51% 50%

4.0

30%

23%

16%

3.0

10%
-10%

2.0
1.0

increase of around 22.7 percent. Major Portion

0.0

of income has been generated through gain on
sales of investment, capital gains and from

-30%

-38%
Total
Income

Interest
Income

Dividend
Income

Other
Income

FY 10

4.1

0.8

1.2

2.1

FY 11

5.0

0.5

1.4

3.1

Growth

23%

-38%

16%

51%

-50%

dividend income.Net gain on sale of investment
which was Rs 935 million in FY10 decreased
to Rs 920 million in FY11. During FY11, 71.3
percent

of

85.8%

constituted
investment

60%
FY 10

adviser while in FY10 it was around 61.9

50%
40%

FY 11

to

expenses

90%
80%

remuneration

total

Profitability/Efficiency Ratios
100%

management/

percent. Return on assets (ROA) increased in
FY11 to 16.58 percent as compared to 9.61

73.6%

71.3%
61.9%

70%

30%
16.6%
9.6%

20%
10%
0%
ROR

percent inFY10. On the other hand, return on

ROA

revenue (ROR) also increased from 73.62 percent in FY10 to 85.81 percent in FY11.

106

MER

700 4.202 18.85% 10.628 24.776 1.044 20.049 2.04 2.72% 42.Cash dividend N/A N/A N/A N/A 3.325 16.221) 4.33% 2.156.053.566.Net income for the year (D1-E) 66.360.38% 0.76 9.60% 7.940) 461.046 1.833 30.71% 12.Net gain on sale of investments 6.837 36.Total equity (A1 to A3) 1.045.Others 3.Cash generated from operating activities 1.470.38% 1.766 5.763 1.391.685 920.098 201.85% 73.00% 3.037 109.81 9.853.Efficiency ratios/profitability ratios 1.633 23.09% 99.Capital /leverage ratios Shareholders equity to total assets (A1/C) K.76 .Others B.455.310.971 1.262 1.143.847.166 2.571) (5.045.Liquidity ratios 1.955 (13.Certificate holders equity 2.Net assets value per share (A1/G1) 9.262.983 781.994.380 150.972 44.282.190 31.085 1.Dividend income 2.811.Overall Items A.086 561.898.039 148.751.765.091 H.267) 2.147.Other items 1.529.359.141.35% 50.62% 85.341 61.072 3.048 1.455 5.976 2.205.582 45.856.601) 24.234.84% 78.087.888.Unappropriated profit/loss 4.68% 4.Markup/interest income 1.672.187) (4.921.115) 935.623 44.680.584 11.27% 119.065 1.45 1.83 9.941.085.65% 3.275 19.251 36.888 708.15% 0.Total liabilities (B1 + B2) 1.Total liabilities to total assets (B/C) J.072.777.Net unrealized gain/(loss) on investment 4.731.242 76.401.Others D.297 3.328 25.Brokerage-commission /fee 4.279 24.Administrative and general expenses 5.646 49.470.501 (473.Stock dividend/bonus shares N/A N/A N/A N/A 14.546 1.473.994.823 25.010.602 N/A N/A 1.530.220 4.No.186 4.161 607.Cash & bank balances 15.122 458.02 -4.533 8.997 575.542 20.653.Reserves 3.814 (3.62% 62.912 4.721 f.204 b.459.Total assets (C1 to C3) 68.968.702 267.14 22.58% 5.783.998.606 31.690 1.199 26.320 1.518.99% -0.169 1.308 1.038.003 510.900 3.662 1.897 30.477.116.Other income E.825.206) 78.699 4.Return on assets (ROA) (F/C) 19.867 G.93% 71.966 400.Return on revenue (ROR) (F/D1) 88.386 13.365 828.000) 3.Income (a to g) c.27% 6.643 27.593.81% 4.Financial Statement Analysis of Financial Sector Mutual Fund Companies .871.Other F.14% -45.216 68.868 1.030 26.815 (264.090.413 a. of units 2.886) 517.59% 8.376.837 1.159 336.46% 0.566 0 0 d.114 2.398 2.10 Cash generated from operating activities to net income (G4/F) (time) 107 -30.414.Profit & loss account 14.34 4.321.399 e.631 4.74% 63.Gain ratio (D1c to D1g)/D1 2.74 9.537 (12.887 (15.19% 9.13% -0.162.402.782) 5.363.04% 89.061 684.698 1.302.020 2.228.15% 7.Remuneration to trustees/custodians 3.348 34.954 293.718) (632.449.663 1.582 1.350 3.694.Earning per share (F/G1) 3.066.796.00% 0.Cash & cash equivalent to total assets (C1/C) 2.Investments 47.247 3.99% 61.836 43.239 49.Income from future transactions 18.686.409) (1.61% 16.620.822.62 7.627 5.182 1.793.44 0.64% 74.470 C.577 23.407 549.104 31.830 664.179.040) 3.447 1.201.480 33.994.573) 2.Remuneration to management co-advisor 2.640 (5.340.Total expense (E1 to E5) 1.552 514.670.589 (23) 1.432 25.067.257 (4.Capital gain g.120.Trading income (D1c/D1) I.093.193 (2.164.427 8.322 (341.683 16.365.70% -67.990.104 1.54% 112.980.774 847.Payable to investment advisor 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 58.460 504.22% 1.758.Management expense (E1/E) 71.511 2.18% 50.03% 0.169.513 (4.834 833.71 0.05 0.090.525 4.867.Cash flow ratio 1.

592 1.058 9.00% 0.68 19.92% 23.093 1.Other income E.230 27.917 50.Total equity (A1 to A3) 1.53% 19.00% 0.590 41.279 33.54% 82.974 45.915 9.733 119.00 4.315 1.182) 356.Dividend income 79.276.Capital /leverage ratios Shareholders equity to total assets (A1/C) K.655 590.733.032 1.80% 116.279 10.Cash flow ratio Cash generated from operating activities to net income (G4/F) (time) 108 .561 38.Net gain on sale of investments 176.505 84.507 1.31% 3.669 b.Stock dividend/bonus shares 0.82% 89.340 38.706 0 0 0 0 0 2.174 1.221 1.091 23.50% 0.606 1.00% 0.895 422.590 3.597 (228.84% 72.94% 3.67% 114.65 0.006 0 0 0 0 546.272 26.658) 0 185.119 423.287 10.540 137.416 1.218.Payable to investment advisor 2.325 6.48% 0.098 1.952 29.430.729 43.00% 0.400 44.Remuneration to trustees/custodians 1.267 78.274.139 5.294 D.54% 71.400 1.572) 101.62 25.757 (11.906.Financial Statement Analysis of Financial Sector Al-Meezan Mutual Fund Items A.909 82.240 1.114 359.25% 1.Gain ratio (D1c to D1g)/D1 2.400 1.196.Total assets (C1 to C3) 1.540 137.046 28. of units 4.Income (a to g) c.75% 5.18 2.91% f.854 2.33% 69.Total expense (E1 to E5) 1.375.84 -0.No.00% 0.Other F.225 329.295 393.00% 3.94% -29.418) 0 0 0 47.08 -4.197) (332.946) 108.Cash generated from operating activities H.Return on assets (ROA) (F/C) 24.60% -48.Others B.298 1.52% 52.223) 167.848 23.00% 0.514 9.Administrative and general expenses 5.076 641 788 783 3.96% -180.399 838 0 4.37% 0.122.37% 66.00% 0.19 0.Total liabilities to total assets (B/C) J.00 10.61% 91.707.513 2.965 1.Other items 1.104 (17.366 35.600 137.695 1.00% 18.446 28.00 10.538) (575.00% 0.948 23.375.47% 4.17% 15.615 (543.863 487.993 5.34% 1.57 -0.603 215.Profit & loss account 594.Management expense (E1/E) 80.568) 397.92 I.084 977.59 2.02% -0.915.701 106.386 75.Earning per share (F/G1) 10.308 1.681 131.43% 77.Cash dividend 0.831 0 0 0 0 0 57.Efficiency ratios/profitability ratios 1.Remuneration to management co-advisor 4.115 25.Investments 3.925 (224.00% 0.000 1.148 100.029 2.01% 7.829.214 232.Net unrealized gain/(loss) on investment 314.Income from future transactions 0 0 0 0 d.Brokerage-commission /fee 5.Net assets value per share (A1/G1) 7.00% 919.393 a.974 (194.599 1.540 2.00 10.523 63.Capital gain g.19% 79.851 (291.823.Trading income (D1c/D1) 6.375.193 1.Reserves 3.280 86 3.182 275.540 137.375.013 3.744 164.Net income for the year (D1-E) G.Markup/interest income 21.614 41.Others C.00% 0.924 425.607.827 19.06% 75.00% 3.571 34.403.153 31.674 38.339 24.Certificate holders equity 2.Total liabilities (B1 + B2) 1.87% 2.400 1.797) (6.185.88% 105.Others 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 2.324 2.174.099 1.Liquidity ratios 1.812 31.54% 0.Cash & cash equivalent to total assets (C1/C) 2.80% 94.921 1.313 e.47% 20.00 10.243 141.Cash & bank balances 2.Return on revenue (ROR) (F/D1) 91.Unappropriated profit/loss 4.

Others 3.799 10.895 (94.Reserves 105.No.000 90.Cash generated from operating activities H.Unappropriated profit/loss (86.40 0.044 2.84% 0.Payable to investment advisor (265.70% 79.77% 28.902 17.077 1.Income from future transactions 0 d.Other items 4.473) 0 0 0 116.806 25.Return on revenue (ROR) (F/D1) 6.777) 88.000 90.00 10.795 (62.682 1.325 0 e.995 1.553 634.00 10.911 11.965 36.000 900.881 42.01% 115.21% -43.Remuneration to management co-advisor 2.94% 82.80 -19.00% 3.Cash & cash equivalent to total assets (C1/C) 2.961 25.822) (349.543 3.87% 69.68% 12.493 838 1.00% 0.Markup/interest income b.27% 3.Administrative and general expenses 2.Total liabilities (B1 + B2) 1.867 8.700 2.050) 0 0 (162.Cash flow ratio Cash generated from operating activities to net income (G4/F) (time) 109 .000 2.580 2.166 20.883 2.729 647.162 635.Earning per share (F/G1) I.503 26.Liquidity ratios 1.57% 1.Management expense (E1/E) 62.973 488.558 22.290 9.81% 0.41% 0.110 1.81 0.510 2.101 13.21% 0.00% 205.45% 5.93% 110.062 15.090 83.13 3.00% 0.771 (215.735 13. of units 90.00% 8.744 13.Cash & bank balances 215.Net income for the year (D1-E) G.00% 0.00% 0.Others D.669 10.99% 183.488 12.923 2.876 748.622 1.21% 0.354 17.Other 5.000 2.924 5.Total assets (C1 to C3) 968.00% 0.533) 101.436 17.000 900.04 0.Efficiency ratios/profitability ratios 1.085) (24.Other income E.431) 0 (254.490 6.068 2.93 22.52% 155.856 490.330 14.120 11.494 810.Return on assets (ROA) (F/C) 7.05% 10.37% 76.788 96.745 (42.14% 27.456 C.97% 2.000 900.738 5.171 14.580 639.878 1 23 22.436 1.160 2.Capital /leverage ratios Shareholders equity to total assets (A1/C) K.Financial Statement Analysis of Financial Sector Asian Stocks Fund Limited 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 919.037 536.569 645.263) 94.93% 73.805 97.Income (a to g) a.00 10.60% 3.429) 19.00% 0.27% 0.11 1.390 1.251 35.46% 140.375 (186.317 233 17 0 73.Others B.545 14.065 0 0 0 0 0 13.744 485.189 4.Stock dividend/bonus shares 0.323 795.096) Items A.Total liabilities to total assets (B/C) J.653 26.57% 15.089 34.20% 6.Net unrealized gain/(loss) on investment f.Dividend income c.503 (138.Net gain on sale of investments 72.92% 64.000 90.11 -2.982 4.17% 13.Net assets value per share (A1/G1) 7.84% 4.Remuneration to trustees/custodians 0 (2.00 10.Total equity (A1 to A3) 4.179 0 0 699 656 601 0 0 0 0 626 4.00% 0.Cash dividend 0.050 1.444 101.Certificate holders equity 900.08% 1.351) 0 3.17 -1.Profit & loss account 1.Capital gain g.Investments 740.00% 0.699) 81.000 90.97% 12.027 5.00% 0.92% 5.68% 138.012 0 0 0 11.000 900.732 77.00 0.39% 92.39% 61.Total expense (E1 to E5) 1.579) (121.923) 0 0 0 0 0 49.Brokerage-commission /fee F.90 0.Gain ratio (D1c to D1g)/D1 2.00% 0.616 65.Trading income (D1c/D1) 76.

Reserves 121.439 419.16 5.219 9.12% 1.Net income for the year (D1-E) G.88% 1.Dividend income 55.Unappropriated profit/loss 4.Markup/interest income 21.Brokerage-commission /fee 1.142 14.76% 19.36% 79.342 444.806 472.70% 87.500 52.Earning per share (F/G1) I.59% 84.795) (270.00% 132.Net unrealized gain/(loss) on investment E. of units 52.908) 5.70% 3.332 1.Trading income (D1c/D1) 6.00% 3.314 690 551 679 5.10% 149.816 5.274 0 0 0 0 67.Total expense (E1 to E5) 1.00% 0.000 525.000 525.298 2.973 34.No.09% 104.367 29.002 66.00% 2.Return on revenue (ROR) (F/D1) 85.653 55.944 38.689 5.36% 5.340 6.928 49.646 15.Net gain on sale of investments 6.194) (52.00% 0.365 27.921 (270.26 2.612 4.43% 118.Management expense (E1/E) 78.196 Items A.56% 70.383 2.78% 30.00 10.Other items 4.00% 0.831 8.63% 9.Income (a to g) c.68% 18.00% 0.500 52.Liquidity ratios 1.00% 0.53 -5.16% 61.25 -0.831 8.684 922 2.327 (11.20% 1.967 C.23% 80.Others 3.054) 0 0 (157) (3.006) 65.538 3.Cash generated from operating activities H.Profit & loss account 113.00% 0.00% 0.Others D.196 282.303 10.303 226.Return on assets (ROA) (F/C) 14.000 525.66% 109.Other F.847 11.Cash flow ratio Cash generated from operating activities to net income (G4/F) (time) 110 .17% 78.348 12.Total equity (A1 to A3) 3.946 1.14 1.802) 20.136 8.705 (258.20% 15.84 0.178 1.784 11.Capital gain 0 0 0 0 0 g.57 31.Investments 441.601 (15.914 16.494 285.159) 77.43% 85.852 22.08 -0.344 10.362 8.Total assets (C1 to C3) 667.913 9.763 12.28% 70.24 0.Cash dividend 0.Total liabilities (B1 + B2) 1.072 16.509 16.Efficiency ratios/profitability ratios 1.000 525.841 1.00 1.912 34.414) 20.960 942 958 629 636 740 e.673 (23.Remuneration to management co-advisor 2.Cash & bank balances 209.00% 0.38 1.383 839 160 175 227 4.Cash & cash equivalent to total assets (C1/C) 2.165 351.42% 0.Capital /leverage ratios Shareholders equity to total assets (A1/C) K.49% 10.166 5.00 10.Income from future transactions 0 0 0 0 0 d.754 a.Stock dividend/bonus shares 0.Net assets value per share (A1/G1) 7.Administrative and general expenses 1.506 5.816 348.914 f.43% 184.87% 91.412) 55.Others B.500 52.212 18.00 10.62% 3.500 52.483 b.678 11.164 45.813 3.377) (38.49% 4.984 1.991 134.379 76.177 147.542 13.Certificate holders equity 525.Total liabilities to total assets (B/C) J.00% 0.615 0 0 0 0 0 96.977 31.961 5.105 600.45% 4.Remuneration to trustees/custodians 3.189 306.848 27.00% 3.142 2.72% -31.087 2.Other income 0 0 0 794 9.500 2.Payable to investment advisor 0 (242.38% 0.Gain ratio (D1c to D1g)/D1 2.799 17.65% -94.Financial Statement Analysis of Financial Sector Atlas Fund of Funds 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 646.000 2.003 10.00 10.68% 2.184) (176.274 592.048 512.00% 0.39% 12.110 1.90% 55.

Management expense (E1/E) 60.Certificate holders equity 2.96 12.144 4.00 10.081 6.93% -63.55% 10.821) 28.51% 3.00% 0.No.281 337.10% 135.Others B.00 10.Cash & cash equivalent to total assets (C1/C) 2.Trading income (D1c/D1) 3.Remuneration to trustees/custodians 5.993) (12.Net gain on sale of investments 52.751) 42.569 210.Net assets value per share (A1/G1) 7.24% 9.00 3.000 300.Cash flow ratio Cash generated from operating activities to net income (G4/F) (time) 111 .528 2.Total assets (C1 to C3) 420.975 e.Cash dividend 0.Total liabilities to total assets (B/C) J.229 257.Profit & loss account 1.258 245.Liquidity ratios 1.005 0 0 0 114.Cash & bank balances 50.952 13.605 (96.Reserves 3.66 0.96 0.Earning per share (F/G1) 68.Other F.790 10.58% 68.42% 86.88% 71.Administrative and general expenses 0 0 2.551 4.00% 0.752) (2.650 13.00% 0.280 6.Net income for the year (D1-E) G.Unappropriated profit/loss 4.771) (42.934 6.00% 0.81% 10.Others 2.45% 144.493 (71.Investments 3.300 1.125 12.752 7.61% 36.072 C.78% 28.307 16.28% 105.10% 2.103 0 0 579 11.00% 0.Remuneration to management co-advisor 2.68% 122.15% 3.Total expense (E1 to E5) 1.000 30.743) (126.Income (a to g) a.07% 142.74% 13.19 -4.Stock dividend/bonus shares 0.857 16.443 36.Capital /leverage ratios Shareholders equity to total assets (A1/C) K.808 8.193 42.440 336.813 8.Cash generated from operating activities H.839 21.444 1.Net unrealized gain/(loss) on investment 58.879 5.00% 0.Gain ratio (D1c to D1g)/D1 2.231 10.256) 91.436 4.590) (133.365 3.Return on assets (ROA) (F/C) 27.847 7.16 -1.Return on revenue (ROR) (F/D1) 91.Others D.19 I.Capital gain g.06% 4.51% 5.919 232.183 10.070 13.31% 5.605 203.Other income E.981 10. of units 30.781) 0 0 0 0 0 39.Total liabilities (B1 + B2) 1.96 2.00% 0.46 0.890 172.00% 0.000 35.80% 37.414 1.733 1.14% 6.964 6.000 300.57% 47.41% 109.00% 0.29 5.00% f.303) 62.Dividend income c.537 195.Income from future transactions 0 0 0 0 0 d.Payable to investment advisor 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 380.00% (75.Total equity (A1 to A3) 1.81 -1.Other items 4.57% 58.486 6.00% 0.197 3.40% 111.692) 0 0 0 0 0 3.694) (68.00% 0.77% -0.23% -11.47% 3.187 352.219 300.Financial Statement Analysis of Financial Sector First Capital Mutual Fund Limited Items A.000 30.879 5.071 348.436 4.806 125.043) (797.306 231.Efficiency ratios/profitability ratios 1.000 300.562 6.000 2.954 70.090 10.773 7.402 3.65% 11.936 28.257 13.488 (34.Markup/interest income b.281 37.000 30.738 13.001) (9.58% 68.00% 0.773 7.144 4.Brokerage-commission /fee 0 0 0 0 461 4.465 3.126 2.009 213 406 364 1.57 10.399 (41.516 (98.978 11.000 0 0 0 0 0 80.009 33.949 23.582 (30.012) (43.00% 3.017 3.724 4.05% 0.818 3.00 8.205) 37.65% 5.40% 66.086 273.000 300.219 0 0 1.

76% 72.Net unrealized gain/(loss) on investment 94.04 -0.76% 52.915) (17.Total equity (A1 to A3) 1.200 (31.071) (31.Cash & cash equivalent to total assets (C1/C) 1.610 57.86% 4.00% 0.00% 0.00% 0.16% 104.Net income for the year (D1-E) G.668 1.300 12.Trading income (D1c/D1) 6.No.00% (18.Other income 14.00 10.87% 0.74% 5.Total expense (E1 to E5) 1.421 11.057 525.Cash dividend 0.679 549.760 2.375) 44.144 (4.Remuneration to management co-advisor 2.828 0 0 0 25.813 0 0 0 0 0 156.016 b.Efficiency ratios/profitability ratios 1.Financial Statement Analysis of Financial Sector First Dawood Mutual Fund Items A.868) (36.750 580.702) 3.12 1.88% 11.115 2.167 11.075 58.Stock dividend/bonus shares 0.62% 4.Unappropriated profit/loss 4.00% 0.09% 0.984 484.924 9.377 935 5.61 -3.Total assets (C1 to C3) 799.48 E.934) 0 0 g.415 3.153 19.Other items 4.00% 0.Others B.94% 4.12 0.306) 65.057 3.259 C.060 9.467 520.495 1.291 a.389 13.Administrative and general expenses 1.354 553.357 1.113 17.076 413.194 19.210 1.65% 4.33% 49.017 473.Reserves 3.118 939 890 903 3.Income (a to g) 0 e.075 58.501) 82.87% -7.408 67.Net gain on sale of investments 0 0 0 10.245 171.222 c.Investments 567.327 515.00% 0.00% 0.78% 0.717 (59.547 (219.198 788 4.Profit & loss account 182.684) 32.289 768.750 0 0 0 0 0 194.60% 119.280 709.Payable to investment advisor 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 774.413 16.Earning per share (F/G1) 82.85% -0.Total liabilities to total assets (B/C) 3.89 -0.59% 81.950 35.774 (105.00 10.Management expense (E1/E) 75.075 2.00% 3.55% 0.037) 0 0 0 0 0 24.839 20.672 4.940 1.197 1.Others 216.00% 4.48% 10.Certificate holders equity 2.75% 110.30% 3.147 15.446 2.Capital gain 42.713 580.Capital /leverage ratios Shareholders equity to total assets (A1/C) K.45% 11.70% 374.00% 0.939) 9.73% 71.750 580.995 752.Income from future transactions 0 0 0 0 d.121 130.514 31.Remuneration to trustees/custodians 5.10% 70.144) (74.216 12.826 (765.00 10.707 6.63 1.386 (198.075 58.098) f.159) 80.00 2.75% 2.00 10.00% 0.702 759.148 31.Return on revenue (ROR) (F/D1) 86.894 35.034 1.907 1.903 39.613 10.Others D.Other F.Total liabilities (B1 + B2) 1.Cash & bank balances 15.099 487.Cash generated from operating activities H.00% 0.075 58.62% 76.750 580.Return on assets (ROA) (F/C) 19.907 14.51% 110.Gain ratio (D1c to D1g)/D1 2.Net assets value per share (A1/G1) 7.Liquidity ratios J.753 990 1.745 26.574) (122.675 4.01% 52.Markup/interest income 17.808 (127.750 580.87% 75.Dividend income 14.79 -0.88% 0.811 26.99% I.Brokerage-commission /fee 3.68% -41. of units 58.540 2.830 1.435 (9.27 0.350 4.00% 0.00% 3.310 2.257 19.03% 125.53% 211.70 0.357 24.953 19.295 25.Cash flow ratio Cash generated from operating activities to net income (G4/F) (time) 112 .766) (96.590 4.515 35.

464 (105.Brokerage-commission /fee 7.492 760.484 14.11% 89.99 1.Total liabilities to total assets (B/C) 3.605 123.810) 174.Income (a to g) (207.434 968.Unappropriated profit/loss 4.843 0 0 0 0 0 41.963 32.29 -2.098 2.136 34.00 7.60 0.18% 5.00 5.51% 53.No.00% 0.Total assets (C1 to C3) 1.575 2.203.172) 127.410 66.42% 33.Total equity (A1 to A3) 1.985 12.787 150.32% 12.459) f.Income from future transactions 0 0 0 0 0 d.27% 51.631 39.00% 0.797 12.792 8.00% 0.117 19.308.00% 0.04 g.913 25.095 2.492 35.851 234.913 2.25% 105.586 6.99% 77.098 152.462 536 0 0 0 0 416.Cash & cash equivalent to total assets (C1/C) 6.913 102.10% 118.571 70.44% 75.Others 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.753 5.661 0 812 465 705 590 3.Management expense (E1/E) 67.722 1.491 1.237.81 1.636 4.428 (238.00% 0.341 31.824 845.893 540.422 b.Earning per share (F/G1) 3.074 1.243 54.663 13.242 29.Investments 3.951 92.237.849 968.78% 10.08% 0.76% -46.037 (374.Return on assets (ROA) (F/C) 30.463 963.727 70 0 3.00% 0.146 27.Gain ratio (D1c to D1g)/D1 2.Others B.92% 45.00 5.560 20.Administrative and general expenses 2.12% 0.Cash dividend 0.766 936.680 D.33% 71.419 25.85% 4.71% 14.59 -1.Other F.796 195.611 49.093 0 1.191 201.128) 179.941 831.Other income E.846 20.Efficiency ratios/profitability ratios 1.Markup/interest income 15.086 1.00% 3.161 20.525 1.060 1.04% 50.Total expense (E1 to E5) 1.10% 2.39 0.89% 6.545 48.012.00% 111.191 (394.46% 61.272.093 21.99% 2.Cash flow ratio Cash generated from operating activities to net income (G4/F) (time) 113 .Cash & bank balances 2.62% 1.539 675.50 5.56 -0.Cash generated from operating activities H.492 760.097 982.Remuneration to management co-advisor 2.51% 78.751 a.Certificate holders equity 2.00% 0.784 19.733 658.331 122.00% 0.898 10.Other items 1.469) (64.00% 15.098 152.993 760.Net assets value per share (A1/G1) 5.499 9.Reserves 3.Others C.00% 0.43% 62.832 545.87% 4.Capital gain 224.751 6.401 1.Dividend income 39.068 614.853 12.Return on revenue (ROR) (F/D1) 93.707 56.27 1.855 5.Financial Statement Analysis of Financial Sector Golden Arrow Selected Stocks Fund Limited Items A.864 87.208 280.206 1.709 1.883 13.356) 1.Total liabilities (B1 + B2) 1.639 43.00% 3.92 0.00 5.768 16.499) (10.095 19.883 20.759) 140.723 39.Profit & loss account 447.047 1.39% 4.01% 0.907 152.138 (280.133 3.175 6.088 11.350.Stock dividend/bonus shares 0.84% 2.227 48.74% 1.22% 81.115 9.326 112.Payable to investment advisor 2.435 35.Trading income (D1c/D1) I.349 20.649 c.908 122.Net gain on sale of investments 0 0 0 0 0 e.15% 1.449 61.95% 80.876 34. of units 4.Net income for the year (D1-E) G.00% 0.Remuneration to trustees/custodians 5.Capital /leverage ratios Shareholders equity to total assets (A1/C) K.00% 0.Net unrealized gain/(loss) on investment 168.17% 73.516 47.101 2.Liquidity ratios J.

507 2.Financial Statement Analysis of Financial Sector JS Growth Fund Items A.243 26.Brokerage-commission /fee F.Unappropriated profit/loss 4.911.098) 171.875 5.Administrative and general expenses 6.583) (2.80% -77.Others 3.Liquidity ratios J.954.557) 23.Capital gain g.696 318.Stock dividend/bonus shares 0.357 336.Net assets value per share (A1/G1) 7.Capital /leverage ratios Shareholders equity to total assets (A1/C) K.820 156.292 9.936 4.155 2.00% 0.Reserves 3.563.264 (18.17 0.Cash flow ratio Cash generated from operating activities to net income (G4/F) (time) 114 .722 2.589 5.004 318.Earning per share (F/G1) I.255 2.72% 86.Income (a to g) (269.459 148.004 315.00 4.780 1.00% 0.83% 24.398 2.891 (305.342) (505.006.160 608.180.69% 77.281.86% 62.Management expense (E1/E) 77.438 506.00 10.699) c.391 3.438 2.Total assets (C1 to C3) 6.948 1.552 195.461 5.Income from future transactions 0 0 0 0 d.759) 413.085 149.637 (497.797.79% -7.916 (793.59% 4.287 116.18 8.65% 6.11% 2.438 506.701 b.57% 142.Markup/interest income 1.338 e.03% 2.Other items 1.887) 80.Net gain on sale of investments 653.810.525 78.120 3.148 31.264 100.711 17.503 1.638 50.Total expense (E1 to E5) 1.140 3.00% 0.Cash & bank balances 1.954 3.551 634.48 6.534 62.00% 0.986 5.Net income for the year (D1-E) G.544 67.603.487.382 733.00 10.438 506.Total liabilities (B1 + B2) 1.180.54 -0.Cash dividend 0.737) 79.Dividend income 224.811.225.101.22% 0.510 5.964 38.10% 107.Payable to investment advisor 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 5.841 2.879) (153.615 26.00% 3.Return on assets (ROA) (F/C) 20.186 117.126 5.Other income E.045 82.Certificate holders equity 2.Remuneration to trustees/custodians 0 0 0 0 0 0 3.614 a.Efficiency ratios/profitability ratios 1.104 2.Other 5.121 2.004 2.777) 0 87.47% 5.134 738.475 118.179 (419.246 175.063 98.863.174.65% 2.51 1.958.425 61.566 184.00% 0.340 1.25% 23.827 (469) 135.386 57.817 4.438 506.07 10.32 -7.07 2.129.00 10.788 f.00% 0.641) (926.40% 155.896 62.849 2.304 968 714 767.223 423.004 318.Remuneration to management co-advisor 2.180.16% 46.439 704.76% 0.297 C.355 2.74 -0.413.21% 2.Cash generated from operating activities H.Return on revenue (ROR) (F/D1) 90.20% 191.884 678.Total equity (A1 to A3) 1.32% 13.864 155.680) 134.11% 2.446) (996.44% 68.75% 9.No.131 (646.259 2.00% - - 2.17% 44.Profit & loss account (1.00% - - 3.60% -10.180.183 109.198 66.52% 1.Cash & cash equivalent to total assets (C1/C) 26.827 2.44 -1.62% 107.864 205.50% 102.180.261 4.880 318.436 (145.705 3.Investments 4.36% 114.045 3. of units 4.642) (840.00% 0.95% 2.605 116.Others D.113 61.78% 59.381.044 506.152 2.80% 20.173 0 417 1.Total liabilities to total assets (B/C) 13.789 2.00% 0.Others B.Net unrealized gain/(loss) on investment 581.89% 3.180.044 3.417 62.973 44.858 71.167 2.739 0 150.230 73.140 5.044 3.892.Trading income (D1c/D1) 10.011 118.224.576 66.504 18.067 2.760.Gain ratio (D1c to D1g)/D1 2.936) 885.188.044 3.00 1.

Others 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 2.79% 231.195 81.514 6.84% 44.12% 107.313 79.72% 79.018 1.Unappropriated profit/loss 4.012 4.60% 48.853) 260.06% 74.004.571) 16.Brokerage-commission /fee 3.Net assets value per share (A1/G1) 7.768 1.343 38.000 955.358 1.32% 22.403 54.766) 308.943 31.17 I.00% 0.680 10.Earning per share (F/G1) 10.954 15.000 10.Net gain on sale of investments 142.10% 96.689) (54.551 (302.Investments 3.No.Return on assets (ROA) (F/C) 27.20 0.167 58.071 1.04% -103.Gain ratio (D1c to D1g)/D1 2.Income (a to g) c.97% 7.654.185.012 50.71% 1.62% 88.Administrative and general expenses 5.044 2.320 1.293 e.974 538.52% F.985 102 221 188.98 2.544 273.588 12.53 7.458.33% -11.42% 1.447 5.277) 10.65% 1.86% 1.575 2.809 38.773 1.750 1.801 23.26% 75.226.843) (115.761 (673.Total expense (E1 to E5) 1.28% 94.185.901 1.Income from future transactions 0 0 0 0 d.Return on revenue (ROR) (F/D1) 92.303 25.565 67.Others C.00% 0.Financial Statement Analysis of Financial Sector JS Value Fund Items A.217 288.390 a.148.106 17.945 2.093 1.50% 4.610 20.Dividend income 41.Total liabilities to total assets (B/C) J.Net income for the year (D1-E) G.28% 211.125 24.00 40.172 D.143 E.48% 0.00% 3.Other items 1.966 84.Liquidity ratios 1.43% 93.63% 10.Cash flow ratio Cash generated from operating activities to net income (G4/F) (time) 115 .458 1.575 118.469.885 20.Cash dividend 0.021.Profit & loss account 709.151.469 347 0 0 226.159 1.432 23.440) 44.255.570 43.750 1.00 10.Remuneration to trustees/custodians 0 3.921 28.Cash & cash equivalent to total assets (C1/C) 2.Payable to investment advisor 2.Reserves 3.00% 0.581 118.79% 5.76% 10.949 32.Stock dividend/bonus shares 0.005 (1.185.473 1.630 10.25% 5.575 118.244 758.Total liabilities (B1 + B2) 1.378.Certificate holders equity 2.00% 3.24 37.296.525 2.Other income 0 0 0 0 0 53.00% 0.Trading income (D1c/D1) 6.185.547 0 0 0 4.832 3.748 64.94 0.978 (680.122 2.Other 1.00% 7.538) (241.563 46.00% 10.21% 9.853 959.Efficiency ratios/profitability ratios 1.556 b.Cash generated from operating activities H.276 (1.57% 32.00 5.188 64.134 43.Total assets (C1 to C3) 1.94 -0.730 934.00 10.546 1.154 61.886 858.703 7.Net unrealized gain/(loss) on investment 457.218 2.709) 172.98% 0.113 1.00% 0.677.961 333.780 24.750 10.00% 0.Cash & bank balances 2.783 20.312 4.03% 103.351 4.087 47.428) (109.205.750 1.932 f.54% 84.538 905 2.151 (191.575 118.534 2.39 0.Total equity (A1 to A3) 1.Markup/interest income 67.852 2.Management expense (E1/E) 70. of units 4.66% 49.152 1.750 1.23 0.778 16.00% 0.00% 10.634 922.000 10.Others B.050 7.00 -10.111 885.34% 21.20 28.000 10.763 (1.00% 0.000 10.00% 784.185.Capital gain 0 0 0 0 0 g.575 118.908.294 1.Remuneration to management co-advisor 2.48% 116.609 1.238.907 655.271 41.420 18.00% 0.Capital /leverage ratios Shareholders equity to total assets (A1/C) K.017) 115.255.

18% 0.451 18.00 10.000 120.507 57.000 1.856 1.46% 4.596 6.000) 0 0 d.133 11.046 3.550 31.Income from future transactions 18.166 223.410 23.000 2.316 47.Cash generated from operating activities H.Cash & bank balances 515.020 75.000 1.50% 3.Total expense (E1 to E5) 1.630 3.00% 0.Net income for the year (D1-E) 509 (2.327 226.157) G.050 182.791 (15.621 2.962 17.00% 0.00% 0.205 985.Cash dividend 0.160.Income (a to g) 0 0 0 0 221 0 0 55.00% 0.83% -1.465.592 87.00% 0.00% 0.193) 289.337 89.Stock dividend/bonus shares 0.55% 1.Payable to investment advisor 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.146) 54.19% 70.00 10.525 21.816 1.504 1.000 120.670 826 5.Capital gain 0 0 (9.Other items 1.119 1.188 42.013 (4.628 10.91% 84.97% g. of units 4.460 25.Net unrealized gain/(loss) on investment 149.45% 83.294 105.688 1.977 28.017 32.200.105 18.703.Gain ratio (D1c to D1g)/D1 2.11% 75.138 1.Others B.Total equity (A1 to A3) 1.Efficiency ratios/profitability ratios 1.134 1.698 40.276.00 2.73% 12.05 .792 1.169 2.Net assets value per share (A1/G1) 7.Other income E.423.00% 0.122 7.069 1.74% 194.620 70.Net gain on sale of investments 118.302 e.17% 0.941 3.73% 133.000 1.462 144.37% 92.08% 14.Remuneration to trustees/custodians 1.298 56.Capital /leverage ratios Shareholders equity to total assets (A1/C) K.248 46.44% 2.Liquidity ratios 1.356 1.533 0 0 0 0 0 324.Return on assets (ROA) (F/C) 19.50% 17.200.810 1.02% 85.823 (88.163) 111.658 53.000 120.200.38% 24.00% 15.27% 0.Cash & cash equivalent to total assets (C1/C) 2.43% 22.Other F.118 67.Others C.211 1.225 4.076 3.05 0.00 10.908 6.054 1.00% 0.18% 77.036 a.299 1.85% 1.147.Trading income (D1c/D1) 3.598.560 b.39% -49.60 1.22% -13.683 1.16 Cash generated from operating activities to net income (G4/F) (time) 116 -12.319 42.000 1.00 10.66% 5.Dividend income 55.891) 248.Reserves 3.186 2.Remuneration to management co-advisor 5.825 64.119 236.88 30.298 107.Total liabilities to total assets (B/C) J.836 (117.541.319 60.600 13.09% 84.Administrative and general expenses f.241 292.019 120.80% 1.19% 10.112 2.07 1.207 260.564 12.435.Management expense (E1/E) 77.200.Total assets (C1 to C3) D.000 120.993 15.Certificate holders equity 2.30 2.94% -21.Unappropriated profit/loss 4.398.00% 88.43% 19.949) 24.141) (99.15% 42.904 (129.809 1.Profit & loss account 380.301.193) (11.Cash flow ratio 2.93% 100.000 0 0 0 0 0 398.114 28.138 0 0 1.658 67.191 2.Brokerage-commission /fee 4.304 254.009 38.74% 6.620 c.200.488 2.691 992.Financial Statement Analysis of Financial Sector Meezan Balanced Fund Items A.84% 4.981 24.Markup/interest income 38.906 45.00% 702.08% 1.No.62% 103.436.683 (52.81 6.500) 38.81% 54.Others 236.208) 76.748 1.271 2.Return on revenue (ROR) (F/D1) 85.797 72.15 -1.166 1.851 4.Earning per share (F/G1) I.818 33.517 (155.71 0.Investments 951.039) 249.Total liabilities (B1 + B2) 1.383 (211.

689 1.277 69.00 10.373 625.Reserves 3.00 0.869 31.67% 1.Efficiency ratios/profitability ratios 1.00% 8.79% 1.363 0 0 0 0 (278.952 43.63% -327.Cash flow ratio Cash generated from operating activities to net income (G4/F) (time) 117 .90% 144.000 136.937 68.14 2.Total liabilities to total assets (B/C) J.517 557.086 27.021 31.544 777.000 100.430) 0 0 36.Certificate holders equity 2.51% 3.Net gain on sale of investments 79.422 1. of units 4.601 837.409) 216.Total expense (E1 to E5) 1.37 -0.498 1.156 85.606 130.966 100.000.776 20.19% 128.721 29.00% 0.00% 3.51% 136.Capital gain g.Others B.Other income E.363 721.164 0 0 0 e.235 810 773 634 0 0 0 0 0 12.91% -149.063 16.No.50% 82.688 171.011.43% -39.967 9.137 27.206.469 693.036) 0 (242.00 10.27% 3.Markup/interest income b.207) (289.615 173.450 44.556) 100.492 42.494 (48.579) (79.Cash dividend 0.Investments 909.514 114.018 7.048 22.417) (47.964 757.210 1.608 62.69% -5.930 1.32% -2.Income from future transactions 0 0 0 0 d.Earning per share (F/G1) 10.629 24.00% 0.Total assets (C1 to C3) 3.025 5.34% 110.778 5.524 2.Dividend income c.89% 96.Income (a to g) a.373 37.00% 0.479 7.Total equity (A1 to A3) 1.600 5.52% 73.880 38.00% 0.481 33.162 5.571 (25.07% 5.22% 1.114 32.Administrative and general expenses 5.000 100.Others C.339 28.000 100.340 164.60% 77.000 100.Return on revenue (ROR) (F/D1) 78.985 126.00% (771.19% 2.40% 82.Capital /leverage ratios Shareholders equity to total assets (A1/C) K.099 70.478 710 136.558 36.808 671.295 45.00% 15.00% 51.Liquidity ratios 1.924 24.Total liabilities (B1 + B2) 1.27% 22.070) 0 7.000 1.423 22.31% 51.438 0 6.Remuneration to management co-advisor 2.743 7.Net income for the year (D1-E) G.00% 0.64% 14.735 38.750 3.00% 0.124 9.Brokerage-commission /fee 4.081 (126.85 0.00% 0.910 3.571 1.32% 66.65 4.90 1.151 730.85% 67.Remuneration to trustees/custodians 0 0 (94.851 17.000 2.197 8.014 58.076 1.Gain ratio (D1c to D1g)/D1 2.12% 4.41% 51.06% 5.617 22.854 79.000 1.00% 0.838 597.Trading income (D1c/D1) 6.62% 0.44% 11.136.53 I.832 24.Other items 1.000 1.Unappropriated profit/loss 4.904 3.595 2.571 11.000.000.Profit & loss account 1.Net assets value per share (A1/G1) 7.Others D.Return on assets (ROA) (F/C) 11.Cash & cash equivalent to total assets (C1/C) 2.015 137 324 891 5.066 12.998) 136.86 18.16 0.000.371) (41.00% 0.00 10.00 1.701) 149.350 8.192) (328.937) (177.00 10.Net unrealized gain/(loss) on investment 24.25 -2.Financial Statement Analysis of Financial Sector NAMCO Balanced Fund Items A.Cash generated from operating activities H.42% 18.727 7.661 15.80% 3.00% 0.000 1.Stock dividend/bonus shares 0.Management expense (E1/E) 60.383 10.000.129 0 2.519) (122.036.Cash & bank balances 228.94% 3.879 (261.Payable to investment advisor 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.055) f.Other F.134 1.50% 122.

599 871.Net assets value per share (A1/G1) 7.850 33.230 9.000 1.600 b.387) 59.38 0.Financial Statement Analysis of Financial Sector PICIC Energy Fund Items A.Remuneration to management co-advisor 2.224 182.Markup/interest income 52.Brokerage-commission /fee 4.431 37.107 0 0 0 0 51.138 13.525 29.372 29.551 10.83% 5.328 36.56% 3.420 57.58 0.Other F.404) 118.643 1.647 2.77% 88.000 100.906 2.361 11.77% 106.Return on revenue (ROR) (F/D1) 6.465 897.203 811.010 1.631 88.00% 0.00% 0.207 13.Total assets (C1 to C3) 3.Liquidity ratios 1.530) (71.280 1.00 10.70% 0.408 7.671 a.000.740 188.370 1.949 0 0 0 (12.424 17.08 0.Others B.Cash & bank balances 502.57% 92.32% 11.82% 47.00% 3.000.598 24.079 1.035 48.144 2.049 1.082.Net unrealized gain/(loss) on investment f.41 1.258 69.022 1.29% 62.Net gain on sale of investments 37.Payable to investment advisor 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.316 1.Total liabilities to total assets (B/C) J.893 45.000 1.389 3.21% 71.287 5.000 100.17% 126.090 8.42% 69.643 (140.000 0 0 0 0 0 77.96% 7.00% 0.36% 1.107 939.807 41.109) 20.90 44.15% 5.Cash dividend 0.090 2.523 12.877) (39.731 6.143 1.Others D.000 100.No.134.00% 0.000.Earning per share (F/G1) I.684 33.69 -1.71% 74.563 (74.076 (300.314 1.563 859.00% 0.126 12.Gain ratio (D1c to D1g)/D1 2.159 925.00% 10.87% 5.00% 0.000 1.764 994.059.65 3.382 27.130 24.277) e.000 100.978 10.000 1.00% 0.Dividend income 30.Capital /leverage ratios Shareholders equity to total assets (A1/C) K.956 2.072 46.Unappropriated profit/loss 4.Income (a to g) c.159 326.Efficiency ratios/profitability ratios 1.19 2.323 0 0 0 0 0 16.553 (141.925 (111.50% 10.000.Other items 1.00 10.613 1.Trading income (D1c/D1) 52.547 9.Total expense (E1 to E5) 1.Administrative and general expenses 5.00% 28.827 100.66% 26.37% 114.086 206.Other income E.831 289.571 21.Cash flow ratio Cash generated from operating activities to net income (G4/F) (time) 118 .179 77.Capital gain g.597) 160.14% 92.036 14.72% 4.Income from future transactions 0 0 0 0 d.086) (128.20% 88.987 8.330 46.148 2.776 128.23% 12.Reserves 3.077.00% 0.00% 0.Profit & loss account 109.39% 1.09% 73.533 1.Investments 617.Cash & cash equivalent to total assets (C1/C) 2.078.Stock dividend/bonus shares 0.773 1.06% 73.262) (10.Net income for the year (D1-E) G.070.595 7.010 70.Others C.036 12.768) 37.33% -16.Total liabilities (B1 + B2) 1.293 2.56% 0.46% 168.489 2.847 0 1.650 15.000 2.000.Management expense (E1/E) 61.660 (148.738 19.564 2.10% 6.00 10.00 0.00% 0.07% 1.00 10.Return on assets (ROA) (F/C) 5.259 1.841) 0 0 0 0 0 57.Certificate holders equity 2.99% 72.844 31.00% 4.Cash generated from operating activities 26. of units H.889 68.73% 60.Total equity (A1 to A3) 1.11% 1.285 938.351 1.32 0.Remuneration to trustees/custodians 0 0 171.782 113.00% 3.45 -4.

200 171.Capital /leverage ratios Shareholders equity to total assets (A1/C) K.992.722 3.12 0.62 0.303 4.Unappropriated profit/loss 4.000 2.100.Others 2.802.777 1.530.00 10.61% 7.91 0.00% 0.296 3.11 -8.80% 39.951) 562.844 7.Markup/interest income 2.Earning per share (F/G1) 10.332.411 206.61% -5.072 307.727) 534.461.00% 1.Net unrealized gain/(loss) on investment 498.61% 4.133 85.564 0 14.689 120.Others D.108 a.992.959 2.326 245.96% 80.00% 0.729 5.500 702.Profit & loss account (2.357 3.06% 63.Cash flow ratio Cash generated from operating activities to net income (G4/F) (time) 119 .Income from future transactions 0 0 0 0 d.40% 5.201 4.420) 4.982 45.288.486 184.00% 0.509 850.013.168 (598.176.98% 24.168 5.981) (2.399 0 0 e.393.03% 0.420.177 (281.70% 1.29% 283.Payable to investment advisor (309.215 68.633 283.291 103.740 4.255 0 0 0 0 0 77.Net income for the year (D1-E) G.Liquidity ratios 1.56% 2.209 44.500 283.639 101.Capital gain g.Certificate holders equity 2.59% 78.000 2.075 460.178 0 1.Remuneration to trustees/custodians 0 0 0 (2.835.Other items 1.46% 122.978 33.009.326 867.941.146 b.835.789.698 185.540) 769.04% 4.807 10.89% 15.453 6.02 -1.Financial Statement Analysis of Financial Sector PICIC Growth Fund 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 10.00% 3.00% 0.76% 2.Cash dividend 0.764.031 (294.007 65.928 3.124.191.484 92.Administrative and general expenses 5.500 2.Return on revenue (ROR) (F/D1) 84.603 4.000 2.48% 3.587 65.733 166.719 6.66% 107.48% 80.835.193 11.505.Investments 3.25% 3.707 155.Total assets (C1 to C3) 14.791 f.500 283.354 6.018 18.291.614 5.082) 44.157 453.156 7.99 4.Efficiency ratios/profitability ratios 1.835.800 1.340 53.156 198.433 8.546 296.496.242 465.137 2.426 7.45% 5.389 C.677 973.871 11.Others 2.00% 0.467 1.835.500 2.500 283.880 1.318 245.624.762 184.733 (1.127.618 1.00% 3.562 12.500 2.96% 1.65% 73.00 10.978) 903.20% 86.46 I.561.929 Items A.807 19 0 338.395.795 23.134 134.Other income E.Reserves 3.Other F.Trading income (D1c/D1) 6.134.Total expense (E1 to E5) 1.569 196.500 283.26 1.367.242 90.00% 0.Cash & cash equivalent to total assets (C1/C) 2.78% 55.992.74% 35.88% 42.731 12.Management expense (E1/E) 72.00% 0.192 244.281.Remuneration to management co-advisor 2.143 151.Cash generated from operating activities H.00% 0.00 6.Return on assets (ROA) (F/C) 12.007 397.840 246.37% 7.897 989.180 64.002 7.31 -2.982 442.018 249.248) c.191 7.687 10.26% -35.00% 0.61% 73.990.501 7.944.71% 4.95% 0.31 10.Total equity (A1 to A3) B.00 10.00% 0.Cash & bank balances 1.831.078 457.200) (480.Net assets value per share (A1/G1) 7.379 1.Gain ratio (D1c to D1g)/D1 2.240 140.No.Stock dividend/bonus shares 0.32% 19.819 46.000 2.260 109.Total liabilities to total assets (B/C) J.Income (a to g) (291.222.500 2.00% 20.00 10.Net gain on sale of investments 882.419.500 2.Brokerage-commission /fee 4.400 560.458 7.969) (673.330 4. of units 4.00% 38.11% 205.952 1.342.Total liabilities (B1 + B2) 1.Dividend income 598.691) 511.992.000 2.

66% 77.164.499.Financial Statement Analysis of Financial Sector PICIC Investment Fund 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 4.034 0 0 e.Unappropriated profit/loss 1.604) (1.83 -0.Return on assets (ROA) (F/C) 16.841.006 69.Efficiency ratios/profitability ratios 1.878 1.Investments 3.700 24.Dividend income (1.678 114.481) 270.60% 16.Markup/interest income b.126 2.058 36.No.00% 0.020 5.Other F.381) 299.448 74.334 4.95% 0.40% 6.00% 0.00% 0.227 (107.142.405) 37.035 284.85% 54.175) 402.887 4.Others C.899 144.Income from future transactions 0 0 0 0 d.426 71.013.Payable to investment advisor 2.97 -2.841.841.26% 106.545 97.32% 3.Administrative and general expenses 5.795 (227.674 8 0 174.179 425.33% -4.300 381.89 -4.267.332 3.Cash dividend 0.36% 73.080 3.049 5.310 144.706 (518.250 2.125 284.895 4.029 3.083.04% 81.840 3.478.357 2.Cash & cash equivalent to total assets (C1/C) 2.46 1.78% 3.125 284.995 2.436 42.Certificate holders equity 2.199 80.118) 4.Return on revenue (ROR) (F/D1) 86.677.963 8.Net gain on sale of investments 660.994 2.064 5.206 103.00% 0.913 216.125 284.111 194.086.00% 10.218 28.214) 133.518 3.18 0.736 24.00% 0.189 3.115) (1.177 68.850 456.748 3.28% 86.250 2.308 103.83% 69.000 1.442 5.27% 4.392) (269.637.00% 3.547 5.Stock dividend/bonus shares 0.43% 4.Remuneration to management co-advisor 2.736 5.053.783 1.140 76.170 2.017.841.473 D.250 2.692.266 (1.00% 0.Management expense (E1/E) 63.Capital /leverage ratios Shareholders equity to total assets (A1/C) K.Reserves B.Profit & loss account 1.05% 8.Earning per share (F/G1) 10.460 3.816 71.122 709.15 11.53% 77.Others 2.032 0 0 0 0 0 53.655.00% 20.499.261.00 3.046 0 c.49% 2.Total liabilities (B1 + B2) 1.963 111.783 2.05 2.874 179.128 4.125 284.250 225 225 225 225 3.Net unrealized gain/(loss) on investment 274.Other income E.66 I.168 1.800 126.34% 5.125 2.858 (251.938 58.00 10.250 2.250 0 7.190.363 401.769 194.248.Brokerage-commission /fee 4.438 110.00% 0.871 260.041 612.25% 92.426) f.945 1.741 1.Cash flow ratio Cash generated from operating activities to net income (G4/F) (time) 120 .816 74.243) (389) 0 0 (1.376.Other items 1.802 62.944.483 4.266 6.Liquidity ratios 1.89% -41.00% 3.00 10.852.50 0.00% 0.00% 1.131 11.00% 0.841.77% 8.954 Items A.349.804 187.328 234.76% 74.68% 76.817 38.Net income for the year (D1-E) G.Total equity (A1 to A3) 1.Capital gain g.536 31.828.220 110.27% 6.586 64.225 120.Cash generated from operating activities H.072.28% 315.73% 1.514 783.919 150.119 78.Net assets value per share (A1/G1) 7.Income (a to g) a.096 3.Trading income (D1c/D1) 6.Total expense (E1 to E5) 1.187.45% 5.69% 55.00 10.823 238.360 1.00 10.087.99% 118.05% 64.377 195.684. of units 4.Total liabilities to total assets (B/C) J.00% 0.26% 42.35% 0.18% 234.58% 5.Gain ratio (D1c to D1g)/D1 2.Total assets (C1 to C3) 1.195) 486.Cash & bank balances 2.318 628.334.Others 225 (768.121.Remuneration to trustees/custodians 0 (401.801 1.805 17.45 0.

76 22.00% 0.750 120.82% 0.206 10.000 100.790 26.04 0.Markup/interest income e.65% 2.439 328 144 0 0 4.347 2.Net unrealized gain/(loss) on investment E.00% 9.Others B.41% -13.568 120.30% 30.535 1.Administrative and general expenses 5.98% 91.000.558 25.464 13.30% 6.02% 0.737 9.526 153.702) 4.00% 0.307 103.077 133.39% 79.050 3.746 26.57% 50.000 2.91% -21.10% 65.Capital gain 6.718 104.037.639 6.614 9.128.943 27.00% 78.54% 84.Return on revenue (ROR) (F/D1) 6.Total liabilities (B1 + B2) 1.80% 84.33% 28.904 20.Liquidity ratios 1.176 96.25% 9.438 2.272 76.475 36.49% 4.Remuneration to management co-advisor 2.00 100.000 0 0 0 0 0 23.974 18.Cash generated from operating activities H.000 100.Capital /leverage ratios Shareholders equity to total assets (A1/C) K.832 13.Cash flow ratio -32.00% 0.16% 88.952 (14.13% 3.Brokerage-commission /fee 4.342 13.Other F.618 2.058 1.95% 96.750 1.265 0 35 209 4.307 1.73% 5.050 f.Return on assets (ROA) (F/C) 2.155 833.262) (1.000 10.00% 0.07 1.Income (a to g) a.41% 88.Dividend income 0 0 0 0 0 c.975 31.464 131.38% 10.759 7.Management expense (E1/E) 42.00% 0.82% 0.Net assets value per share (A1/G1) 7.121.468 128.690 136.Total liabilities to total assets (B/C) J.Total expense (E1 to E5) 1.257 46.Unappropriated profit/loss 4.499 1.386 317.272) (11.00% 0.140) (9.091.810) (16.00 0.386 287 1.948 106.00% 0.595 25.Earning per share (F/G1) I.604 254.38 -1.338 1.415 0 0 0 g.00% 0.Efficiency ratios/profitability ratios 1.053 1.Cash dividend 0.69% 0.136.551 1.910 1.Total assets (C1 to C3) D.06% 0.221 126.491 (114.Total equity (A1 to A3) 1.135. of units 4.366 10.239 23.053 3.561 9.17% 3.328 1.Payable to investment advisor 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.000.624 1.No.207 110.61% 1.Profit & loss account 1.91% 22.00 10.120.000 1.332 2.000 1.253 b.71 Cash generated from operating activities to net income (G4/F) (time) 121 .019.000 1.Reserves 3.Net income for the year (D1-E) G.209) 388.23 10.Cash & cash equivalent to total assets (C1/C) 2.86% 3.468 1.986 115.255) 10.272 1.000.78% 9.307 101.478 13.Others 152.Trading income (D1c/D1) 84.00% 0.023.00% (762.Certificate holders equity 2.475 100.72 1.07% 9.75 3.30% 10.55% -8.952 7.768 7.329) 671 1.230 1.024 3.61% 10.722 142.00 10.413 347.000 1.000.970 (36.Other items 1.773 609 1.690 1.64% 89.Remuneration to trustees/custodians 0 0 92 191 108 210 277 2.Net gain on sale of investments 0 0 (13.396) 38.328 778.07 3.103.Other income 1.273 19.000 100.234 1.Gain ratio (D1c to D1g)/D1 2.Financial Statement Analysis of Financial Sector Pak Oman Advantage Fund Items A.964 1.261 18.70% 0.472 2.Investments 647.19 1.123.Cash & bank balances 237.421 760.190 7.00 10.68% 67.590 5.353 4.99% 73.Income from future transactions 0 0 0 d.329) (17.531 3.Others C.974 3.000.Stock dividend/bonus shares 0.

114 529.604 1.Return on revenue (ROR) (F/D1) 86.Total equity (A1 to A3) 4.969 105.500 544.500 544.450 54.979 1.00% 18.924 253.886 95.679 (85.558 27.000 3.471 804 687 613 0 1.272 45.59% 85.80% 21.37% 0.317 98.14 2.Others B.069) 98.88% 72.223 884.772 5.Capital gain g.338 16.37% 61.800 0 1.531 33.90 -1.05% -2.083) 10.450 2.Reserves 211.373 995 1.13% 16.788 10.01% 101.656 5.Profit & loss account 1.835 0 1.00% 11.687 1.Brokerage-commission /fee 4.Investments 3.00 10.Dividend income c.830 (112.351 17.13% 79.Financial Statement Analysis of Financial Sector Safeway Mutual Fund 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.Income (a to g) a.32% -338.26 6.933 11.69% 82.14% 115.44 1.450 54.86% 0.950 5.00% 0.00% 0.Other items H.566 0 0 d.00 4.186 15.49% -42.462 684.04 0.992 (99.00% 0.02 -0.Cash & bank balances 2.00% - 4.00% 4.549 24.Net gain on sale of investments 224.69% 79.750 664.579) 109.000 33.180 4.72% 132.00 10.Net unrealized gain/(loss) on investment f.Remuneration to trustees/custodians 0 0 0 0 0 5.066 1.Others C.812) (9.381 100.66% 0.Total assets (C1 to C3) 1.702 28.52% 58.665 6.98% 3.435) 33.48% 83.15% 2.845 e.539 6.86% 0.41 -4.255 16.864 2.26% 14.Net income for the year (D1-E) G.479 Items A.60% 1.Administrative and general expenses 5.450 54.83% 5.Payable to investment advisor 2.09% 0. of units 54.36% 66.877 13.270 7.249 17.706 915 1.123 1.200) (225.856) (89.262 7.Others 0 0 0 0 0 27.149.759 31.Capital /leverage ratios Shareholders equity to total assets (A1/C) K.754 234.No.398 12.20% - 3.Markup/interest income b.316 52 169 10 0 218.Cash & cash equivalent to total assets (C1/C) 8.Return on assets (ROA) (F/C) 19.00% 0.Certificate holders equity 544.Total expense (E1 to E5) 1.614 20.832 533.220 1.450 54.00% 3.Efficiency ratios/profitability ratios 1.41 3.46% 0.189 110.Total liabilities (B1 + B2) 1.816 18.87 0.Net assets value per share (A1/G1) 7.500 544.613 4.00% 0.500 2.Other F.119 13.Remuneration to management co-advisor 2.36% 0.554 (170.339 4.Stock dividend/bonus shares 0.038.378) 93.614 1.00% 0.528 682.Trading income (D1c/D1) 10.252 2.00% -403.00% 0.Cash dividend 0.500 544.129 1.00% -2.00 10.901 579.352) (47.764 658.934 2.Liquidity ratios J.493 892.750 25 34.820) 148.963 (22.678 (6.535 78.Total liabilities to total assets (B/C) 2.519 535.177 D.580 1.308 21.122.998 84.35% 47.Unappropriated profit/loss 365.754 55.812 14.254 573 671 656 2.981 1.537) 104.731 389 12.00 10.Gain ratio (D1c to D1g)/D1 2.01 1.019 1.654 (4.52% 81.96% 0.044 41.085 846.Earning per share (F/G1) I.Cash generated from operating activities 89.Cash flow ratio Cash generated from operating activities to net income (G4/F) (time) 122 .455 (144.118 10.Income from future transactions 0 0 3.427 1.Management expense (E1/E) 47.Other income E.498 661.33% 0.271) 130.

4.5% 7.3 13.9 billion in FY11. Profit before and after tax.3 billion in FY11 showing an increase of around 7.3 5.5 billion in FY10 to Rs 26. In absolute terms.8 billion during the current year.5 percent during FY11.3 billion in Operating Profit Operating Expenses Gross Revenue FY10 to Rs 5.1 4. liabilities.1% 6.1% 7. i. recording an increase of 74.6 percent over FY10.4 13. showing an increase of 7. Total certificate capital increased by 3. Long-term investments increased from Rs 2.8 billion in FY11.6% 7.6 1.9 FY 10 FY 11 5 0 over FY10.7% FY11.3 billion to Rs.Financial Statement Analysis of Financial Sector 2011 MODARABA COMPANIES PERFORMANCE AT A GLANCE Modaraba Companies performed well during FY11. significantly increased by 74. On 15 Billion Rs. and certificate holders’ equity equity increased from Rs 11.3 billion in FY11 showing an increase of 7. operating expenses increased by 7.4 billion in FY11 as compared to Rs 799 million in FY10.6 percent in FY11 over FY10.2 1.4 billion in FY10 Billion Rs. recording an increase of around 11.5 percent 10 4.9% Total Equity Total Liabilities Total Assets FY 10 11.3% 7. 4. the other hand. Total assets at Rs 26. ANALYSIS OF BALANCE SHEET COMPONENTS All major components of the balance sheet.1 billion to Rs 4. 2. an increase of 12.6% 6..3 billion in FY11 increased from 24.6 percent in 7.5 percent & 67.3 Growth 7. PROFITABILITY AND O PERATING EFFICIENCY Gross revenue increased from Rs 5.3 5.6% 7.0 24.9 26. Total assets increased from Rs.1% 7. Reserves increased by 12.e. Total equity witnessed an increase of 7.6 percent in FY11 over FY10. the amount of reserves increased from Rs.6 percent.e.2 billion in FY10 to Rs. Components of Balance Sheets assets.8 percent in FY11 over FY10. witnessed increases in FY11 over FY10. Operating profit increased from Rs 4.5 billion in FY10. 24.5 percent over FY10.2 percent respectively in FY11.5 FY 11 12. Profit before tax increased to Rs 1.7% 7.6% 7. Total 30 25 20 15 10 5 0 to Rs 12.5 percent in FY11 123 .6 billion in FY11 i.

82 percent to 10. Similarly.60% ROE 6.31 percent to 0% 8. Similarly.69% ROCE 5. registering an increase of around 67.Financial Statement Analysis of Financial Sector 2011 over FY10.95% ROA 3. ROA increased from 3.60 percent in FY11.19% 8. 12.19 percent in FY10 to 4.95 4.87 per certificate in FY11.82% (ROCE) also increased from 5. ROE increased from 6.69 percent in FY11 over FY10. Return on assets (ROA). Breakup value 2% 4% 6% 8% 10% per certificate increased from Rs 12. 124 12% .2 percent.36 per certificate in FY10 to Rs.31% percent in FY11. profit after tax also increased from Rs 781 million in FY10 to Rs 1. FY 10 10.3 billion in FY11. return on equity (ROE) FY 11 and Return on capital employed (ROCE) witnessed increase in FY11 over FY10.

640 1.69% 3.35 1.153) (1.106 4.280 84.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.171.310.Total liabilities to total assets (B/C) (times) 0.810.257.237.Current liablities (215.643.56% 37.593 4.Return on capital employed (ROCE) (D5/(C-B1)) 4.080 2.303.240 11.72% 9.354 3.519 14.302 1.22 1.014.36 1.139.923 498.39% 223.418 6.07 0.786.827 10.58 0.320 799.240 a.Break up value per certificate (A/E1) I.Profit/(loss) before taxation 717.681.93% 7.079.Current asssets to current liabilities (C1/B1) (times) 1. of certificates 2.220.86% 2.33 4.Financial Statement Analysis of Financial Sector Modarba Comapnies .89% 6.81 1.06% 236.61% 40.53 0.579.368 5.222.682.557 956.424 780.62% 3.249.308.987 1.60 0.734 9.670 2.19 1.921.Fixed assets 4.633 4.879 1.698 2.283.Management expenses (D4/D2) 7.849.132.87 1.Total equity (A1 to A3) (675.567.92% 4.558 925.53 19.92 11.19% 4.40% 14.308.393 852.387 60. (E4/D6) (times) 0.858.012 12.096 7.65% 102.371 12.01 1.910 (692.343.831.473.418 8.890.445.721 1.003.640 4.796 7.848 7.813 23.372 843.84 1.00% 17.485.295 4.369.277.335.492.97% 5.635 17.Return on equity (ROE) (D6/A) 6.606 1.365.700.53 0.917.Cash generated from operating activities 1.079 13.075.Cash flow ratio 125 .62% 170.252.Operating expenses 1.235) Items A.868.Operating expenses to net income (D2/D6) 6.947 12.74% 14.011.729 13.69 1.839 10.Total assets (C1+C2) 25.443 2.Other non-current assets 3.740 F.58% 14.Others B.25 1.004.914.793.203.969.305.799 c.513 a.647 11.635.Return on revenue (D6/D1) 5.95% 14.Reserves 3.Operating profit 3.81% 2.698 4.Overall 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 10.898 13.Long-term investments 4.93% 0.871 3.807 1.Stock dividend/bonus shares N/A N/A N/A N/A N/A 662.876 13.052 1.31% 46.209 9.Earning Per Certificate (D6/E1) G.439.489 1.345 79.460.203 9.71% 46.309.Other items 1.62% 5.278.418 8.047.870.021 2.445.Total liabilities (B1 + B2) 1.39 0.684.320.561 (43.Capital /leverage ratios 1.081 1.711 3.586 1.746.281.333 11.66 12.440 14.886) (1.99% 47.907.No.702.189.634 2.93 2.124) 3.590 28.275 870.Non-current liabilities 4.Cash generated from operating activities to profit after tax.439.Liquidity Ratios 3.306 9.557.Profit/(loss) after taxation 712.817 C.065.168 14.138.693 5.08% 5.204 1.Current assets (a + b) 12.934.150 13.869 5.63% 4.07 -0.395.073 1.22 0.568 1.321.864 10.866) 1.872.70% 8.444 10.60% 2.70% 22.602.816 3.574.327.280 7.902 3.36 2.Modaraba co's management fees E.518.99% 1.892.245 8.882.666.Gross revenue(loss) 4.196 1.12 2.31% 8.260 9.032 10.012.732 4.346 10.Other current assets 2.645 8.Profit & loss account 4.743 7.931 3.36 12.343.99 12.24 0.190 1.Capital ratio (A/C) 2.025 1.692 1.815 26.58% 18.221) 359.Efficiency ratios/profitability ratios 4.147.592 3.Long term investment to total assets (C2b/C) H.945.306 5.715 113.93 -0.75% 9.008 35.186 11.287 (1.751.Cash dividend N/A N/A N/A N/A N/A 3.422.305.061 944.343 24.615 7.078.741) 47.697.250 2.Certificate capital 7.654 4.766 2.Cash and banks balances b.028.275.835 b.83% 11.441.243.347.831.413 3.010 13.712 38.Non-current assets (a + b + c) D.82% 10.84% 159.71% 3.Unappropriated profit 4.22% 10.58 2.030.Return on assets (ROA) (D6/C) 2.246.

00% 0.00% 0.32 16.249) (1.266 36.270 0 c.490 1.Earning Per Certificate (D6/E1) -0.863 309.912 8.50% 0.352) (28.484 2.242 2.04% 1.620 30.453 55.59 10.379 98.No.776 20.039 512 0 0 78.48% -5.599 145.410 63.015) 6.06% 8.644 124.264 163.33 -1.265 38.427 141.Non-current assets (a + b + c) D.242 18.245) a.05 -1.510 14.04 1.287) (12.115 3.Total liabilities to total assets (B/C) (times) 0.561 73.240 184.93% -532.240 184.246) (41.00% 4.328 45.16 0.Capital ratio (A/C) 2.Profit/(loss) before taxation (11.052 1.00% 0.00% 0.287) (12.950 10.10 1.Total assets (C1+C2) 310.545 33.00% 3.Reserves 54.96% 12.Cash generated from operating activities 62.397) (7.498 85.794 125.58% 5.424 18.27% 2.727) 6.889 184.00% 2.74 G.00% 0.743 79.Return on revenue (D6/D1) -0.156 262.120 (22.Break up value per certificate (A/E1) I.36 3.19 0.858 213.00% 0.477 170.82% 3.54 2.520 27.220 238.16% -10.102 C.71 -1.557 42.887 1.Current liablities 547 1.061 2.155) 1.54% -6.242 18.091 128.913) (20.163 41.Profit/(loss) after taxation (11.49 2.800 39.Modaraba co's management fees E.Operating profit 16.46% 4.964 55.01 1.28% 6.341 211.918 77.258 61.85% -6.Others B.09% 80.99 -1.996 1.20% 16.52% 633.240 184.00% 0.240 184.81 -5.35% -9.468 3.727) 6.94 11.Return on equity (ROE) (D6/A) -0.Operating expenses 41.841 36.913) (20.Efficiency ratios/profitability ratios -3.038 72.120 (22.237 137.304 10.95% 0.43% 79.Capital /leverage ratios 1.71% -73.162 16.73 1.99 2.32 0.315) 1.787 (45.00% 0.00% 0.00% -23.Other current assets 2.05% 2.Certificate capital 4.132 52.431 71.447 199.59% 8.Cash and banks balances b.240 2.Fixed assets 73.60 12.04% 2.964 3.25 0.926 49.Cash generated from operating activities to current liabilities (E4/B1) (times) 126 .Liquidity Ratios 3.180) (9.408 78.Cash flow ratio 1.24 0.Total liabilities (B1 + B2) 1.00% 0.622 39.64 0.Operating expenses to net income (D2/D6) 4.91% 12.98% 83.403) 12.Management expenses (D4/D2) 0.57% -10.776 50.464 6.99% -177.813 34.Profit & loss account 6. (E4/D6) (times) 2.016 0 0 0 0 0 5. of certificates 18.75% 77.870 48.Long term investment to total assets (C2b/C) H.229 55.278 10.91 9.19% -9.35% -394.Other non-current assets 36.349 28.Return on assets (ROA) (D6/C) -0.Long-term investments 17.453 55.424 18.00% 7.655 68.14 2.20 0.Cash generated from operating activities to profit after tax.Stock dividend/bonus shares 0.104 22.Current asssets to current liabilities (C1/B1) (times) 4.Gross revenue(loss) 57.885 248.728 b.00% 0.23 0.226 21.159) (61.245 132.04 -0.045 178.22 -0.98% -8.746 199.Non-current liabilities 36.Financial Statement Analysis of Financial Sector Modaraba Al-Mali Items A.Cash dividend 0.316 68.Current assets (a + b) 182.576 (2.724 a.Return on capital employed (ROCE) (D5/(C-B1)) -0.Total equity (A1 to A3) 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 232.66% -21.096 69.Unappropriated profit (6.49% -11.Other items F.211 131.

60% 9.998 14.76% 126.04% 98.296 253.Certificate capital 4.52 0.88% 68.Return on assets (ROA) (D6/C) 0.968 308.902 27.338 34.Capital /leverage ratios 1.70% 1.98 2.20 0.20% 38.93% 13.948 84.836 301.11 0.656 31.50% 6.Other current assets 2.348 65.Operating expenses 9.035 29.83 1.991 4.Non-current assets (a + b + c) c.321 5.09 2.000 21.914 1.19% 65. (E4/D6) (times) 4.461 9.00% -174.053) 5.462 296.59 0.39% 3.00% 0.55% 4.07 0.Other non-current assets D.064 43.Operating profit 4.Return on capital employed (ROCE) (D5/(C-B1)) 0.00% 10.458 a.677 96.94% 0.Current assets (a + b) 223.14% 6.473 43.38 F.000 210.395 313.568 24.158) 59.Total liabilities (B1 + B2) 1.Cash dividend 6.314 205.59% 3.691 109.387 2.664 67.674 17.88 14.06% 10.Current liablities (1.Cash flow ratio 127 .63 1.52 3.05% 9.42 1.Return on equity (ROE) (D6/A) 0.996 21.Current asssets to current liabilities (C1/B1) (times) 6.747 1.93 14.925 19.69% 1.032 42.000 2.840 25.Total assets (C1+C2) 333.00% 4.Fixed assets 56.00% 3.073) 43.48 15.334 3.88% 95.589 508 0 (34.442 328.921 264.521 214.628 80.839 32.892 a.Total equity (A1 to A3) 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 291.16% 13.426 6.26 5.105 329.975 2.87% 0.Long term investment to total assets (C2b/C) H.79 1.540 330.556 13.838 97.00% 0.213 210.697) (18.13 0.791 123.Modaraba co's management fees E.598 20.000 210.37 15.000 21.41% 26.301 4.13% 4.53 1.34% 8.Unappropriated profit 13.879 1.Earning Per Certificate (D6/E1) G.Efficiency ratios/profitability ratios 7.23 14.13 0.273 1.935 53.69 15.418 17.00% 8.440 8.05% 3.869 349.000 21.834 5.07 0.000 210.90% 5.367 (9.32% 47.970 83.267 30.995 23.42% 278.295 18.483 11.Other items 1.Operating expenses to net income (D2/D6) 0.407 34.998 204.Profit & loss account 3.No. of certificates 21.58% 9.966 29.767 0 3.06% 10.22 17.Profit/(loss) before taxation 16.722 13.42% 3.14 14.72% 5.272) (1.399 7.Long-term investments 53.Financial Statement Analysis of Financial Sector Al-Noor Modaraba Items A.Non-current liabilities 68.00% 0.22 7.22% 93.439 57.21% 1.733 C.Management expenses (D4/D2) 0.047 6.572 11.Return on revenue (D6/D1) 0.413 11.Stock dividend/bonus shares 0.086 74.844 23.Total liabilities to total assets (B/C) (times) 0.012 28.620 41.Break up value per certificate (A/E1) I.62% 5.433 1.00% 0.Liquidity Ratios 3.69 -0.Cash generated from operating activities to current liabilities (E4/B1) (times) 2.54 -0.11% 2.622) (17.430 179.Capital ratio (A/C) 2.765 21.Cash generated from operating activities 76.505 7.07 0.898 49.48% 93.00% 5.813 242.055 43.284 154.Gross revenue(loss) 52.560 7.623 23.225 9.456 76.Profit/(loss) after taxation 16.Cash and banks balances b.885 15.33% 9.00% 0.205 11.772 79.944 b.335 43.968 23.33% 0.293 35.000 2.568) (2.55% 29.853 196.Cash generated from operating activities to profit after tax.400 50.000 21.Others B.000 210.Reserves 67.871 3.244 76.

724 151.70 2.00% 25.294 6.226.Non-current assets (a + b + c) c.22 1.212.827 4.66 20.Total liabilities to total assets (B/C) (times) - - 0.140 530.Return on equity (ROE) (D6/A) - - 20.000 90.353 1.400 316.979 87.24 3.Other current assets - - 147.000 600.Reserves - - 177.000 60.652 1.976 166.973 288.510.77% 2.Cash dividend - - 15.13% - - 2.680 1.397 1.Certificate capital - - 600.110.Fixed assets - - 980.91 11.000 2.409 - - 26.600 228.973 288.Operating expenses to net income (D2/D6) - - 217.000 - - 311.Non-current liabilities - - 107.946 1.80 - - 0.71% 227.739 491.059.47% 23.Profit/(loss) before taxation - - 176.Current assets (a + b) - - 182.871 4.Other non-current assets D.850 1.000 90.700 1.Long-term investments - - 83.48% 70.059 3.738 142.154 1.35 0.392 5.205 - - 633.Cash generated from operating activities to current liabilities (E4/B1) (times) - - 1.67 5.Current liablities - - 203.177 361.Earning Per Certificate (D6/E1) G.219.57% 4.Profit/(loss) after taxation - - 176.68% 176.00% 4.Total assets (C1+C2) - - 1.52% 27.13 H.585 149.Gross revenue(loss) 2.No.90 0.130 16.84% 18.14% 57.335 829.Others - - 90.075 3.85% 3.Operating profit - - 249. of certificates - - 60.678 597.00% 3.40% 13.Break up value per certificate (A/E1) - - 14.Return on capital employed (ROCE) (D5/(C-B1)) - - 16.942 316.Cash generated from operating activities to profit after tax.Financial Statement Analysis of Financial Sector Allied Rental Modaraba 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - - 871.373.24 0.624 61.17% 6.Unappropriated profit - - 93.Profit & loss account 1.141 277.777 44.63 4.Return on revenue (D6/D1) - - 27.Liquidity Ratios 1.415 3.23% 23.893 58.090.703 204.Total liabilities (B1 + B2) 2.Stock dividend/bonus shares - - 0.00% 22.141 277.53 17.871 2.000 2.00% 1.000 600.197 654.882.00% 0.21% 26.920 338.Capital ratio (A/C) - - 68.56 1.89% E.460 a.Cash flow ratio 128 .66% 33.Modaraba co's management fees - - 0 8.634 658. (E4/D6) (times) - - 1.Other items F.642 69.30% 1.336 a.94 4.81% 5.272.Return on assets (ROA) (D6/C) - - 13.75% 1.Total equity (A1 to A3) B.Management expenses (D4/D2) - - 0.Cash and banks balances - - 34.50% 23.294 1.857 1.Current asssets to current liabilities (C1/B1) (times) 2.219 807.306.61% 28.Operating expenses - - 383.489 b.070 Items A.033.796 1.Long term investment to total assets (C2b/C) - - 6.000 60.971 - - 1.Cash generated from operating activities - - 275.35 1.28% 19.382 1.200 378.Efficiency ratios/profitability ratios 4.912 2.38 7.65 0.928 461.Capital /leverage ratios I.722 b.780 C.597 7.271 1.724 116.46% 2.

Unappropriated profit 4.212 17.570 95.085 3.54 -0.Profit & loss account 4.91% 36.119 63.Break up value per certificate (A/E1) I.62 13.439 4.403 17.235 25.491 8.645 82.03 0.279 8.02 0.Return on capital employed (ROCE) (D5/(C-B1)) 0.933 557 7.Current asssets to current liabilities (C1/B1) (times) 2.Non-current assets (a + b + c) 8.242 975 14.832 6.996) 10.83% 74.53% 13.846 3.491 a.355 6.995 951 808 1.09 0.16% 25.Cash generated from operating activities to profit after tax.064 5.909 13.16% 7.57 1.379 91.Other current assets 2.71 30.56 2.86% 90.Operating expenses 1.67% 3.Management expenses (D4/D2) 0.21% 4.Long-term investments c.132 1.534 773 847 811 0 20.00% 0.054 15.00% 3.014 14.913 29. of certificates 4.438 20.No.08% 7.70% 5.202 935 14.354 8.Total liabilities (B1 + B2) 1.Return on revenue (D6/D1) 0.906 Items A.54 0.232 23.267 5.03% 0.521 2.Modaraba co's management fees E.Return on assets (ROA) (D6/C) 0.Long term investment to total assets (C2b/C) H.Stock dividend/bonus shares 8.62 0.00% (21.169 12.Certificate capital 59.048 99.03 0.Profit/(loss) before taxation 6.14% 16.953 1.688 2. Modaraba 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 80.Other non-current assets D.058 94.660 132.Earning Per Certificate (D6/E1) G.08 0.04% 3.Total liabilities to total assets (B/C) (times) 3.369 5.85% 0.551 3.31% 15.444 2.527 (1.158 8.955 3.753 95.Return on equity (ROE) (D6/A) 0.33 -0.718 6.15 -6.862 3.31% 5.00% 0.28 61.Cash and banks balances b.33 31.09% 3.958 7.489 2.36 -4.83 14.03 0.42% 28.Others B.108 16.83% 4.Total equity (A1 to A3) 3.885 96.523 2.63 47.04 1.Operating expenses to net income (D2/D6) 0.Reserves 13.60% 62.Current liablities 223 121 167 246 3.75 13.935 2.832 7.60% 3.912 6.008 17.461 111.Cash dividend 0.10 11.31% 1.Efficiency ratios/profitability ratios 7.69 3.60% 15.061 103.04% 0.533 87.515 2.00% 0.677 99.Financial Statement Analysis of Financial Sector B.760 15.78% 90.473 11.Profit/(loss) after taxation 6.320 68.57% 59.152 2.369 6.799 3.447 10.439 1.626 7.62% 2.526 8.955 2.47% 45.26% 84.90 1.00% 689.89% 6.193 1.Capital /leverage ratios 1.109 15.33 13.710) 9.08% 8.F.25 5.Other items 5.553 68.543 1.767 1.12 1.Fixed assets b.320 75.181 735 40 40 40 0 0 0 0 0 1.Cash flow ratio 129 .04% 0.95% 59.Capital ratio (A/C) 2.272 9.00% 0.Gross revenue(loss) 10.591 100.360 8.519 69.029 C.679 3.303 104.07% 7.Non-current liabilities a.Cash generated from operating activities to current liabilities (E4/B1) (times) -7.02% 0.685 117. (E4/D6) (times) -3.76% 0.27% 26.50 2.641 1.00% 0.25% 13.155 6.Total assets (C1+C2) 93.Current assets (a + b) 90.00% 7.Liquidity Ratios 1.00% 0.46% 90.Cash generated from operating activities F.04 0.201 2.390 26.254 11.939 83.845 2.Operating profit 8.307) (13.50% 0.613 9.

Other non-current assets D.46% 90.16% 17.00% 4.162.952 2.102 151.919 1.Capital /leverage ratios 1.197 1.72% -4.193.Long term investment to total assets (C2b/C) H.09 2.836 321.099 1.852 0 0 4.462 780.904.42% -9.703 6.781 166.Other current assets 2.462 780.83 0.93 0.700 3.67% 2.06% 5.021 1.722) (662.25 0.183 1.Return on assets (ROA) (D6/C) 0.893 508.671 502.799 1.058.529 1.00% 658.273 1.842) (29.703 1.731 1.522 544.Total equity (A1 to A3) 3.462 2.074 2.Cash generated from operating activities F.976 b.006 631.48 9.892.22% 3.44 -2.62% 65.31% 30.04% 0.310.93% 2.Gross revenue(loss) 885.078 1.975.288 105.786.41% 4.45 0.433 2.Operating profit 4.024 163.33% 1.643.Reserves 455.62 7.046 78.604 76.750.009 1.748 (161.180 2.Other items 4.Others B.645.728 5.251 823.850.777 529.Stock dividend/bonus shares 0.609 1.009.046 78.Certificate capital 780.99 -2.281 109.Profit & loss account 3.48 3.43% 16.Operating expenses 91.R.50% 9.651 1.439 1.78% 5.Profit/(loss) before taxation 131.Total assets (C1+C2) 4.294 1.Cash and banks balances b.03% 3.36% 16.Non-current assets (a + b + c) c.Return on equity (ROE) (D6/A) 0.396.Current asssets to current liabilities (C1/B1) (times) 1.526 921.717 3.17% 16.89 1.Management expenses (D4/D2) 0.522 565.Unappropriated profit 4.780 1.881 66.Cash dividend 8.950 9.35% 5.811 1.07 0.50% 3.853 539.242 121.141.952 4.007 421.966.267 (501.751 497.066.007.635 1.699 1.105) Items A.00% 2.80 17.515.Return on revenue (D6/D1) 0.085.517 1.968 492.241 151.046 78.222 437.303 793.028 703.287.660 2.305.30% 17.Current liablities 324.Non-current liabilities 12.Break up value per certificate (A/E1) I.827 505.689 14. (E4/D6) (times) 4.262 662.36 0.72% 16.89 10.54% 6.00% 0.Financial Statement Analysis of Financial Sector B.Return on capital employed (ROCE) (D5/(C-B1)) 0.No.558.937 1.296.71 2.Cash generated from operating activities to profit after tax.120 3.339 C.44% 262.Capital ratio (A/C) 2.11% 10.777 708.180.419 614.116 1.00% 0.38% 18.10% 26.671 502.43% 1.748 457.802 1.292 2.32 0.Total liabilities (B1 + B2) 1. of certificates 78.234) 41.94 6.71% -63.970.056 965.Efficiency ratios/profitability ratios 7.00% 0.339 a.19% 19.Earning Per Certificate (D6/E1) G.032.342 2.21 0. Guardian Modaraba 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.591 98.234.956) (642.010.761 2.223.462 780.07% -24.585 986.992 2.75 0.976.55 8.10% 6.033 (82.046 78.957.Liquidity Ratios 3.160 1.541.Cash flow ratio 130 .748 (161.Operating expenses to net income (D2/D6) 0.989 289.297 593.266.460 2.17% 23.30 a.26% -25.86% 61.935 822.218.134) 28.53 1.R.046 2.582 16.Total liabilities to total assets (B/C) (times) 0.75 0.02 1.49 0.Long-term investments 136.223 677.113 102.68% 5.04% 3.89 1.682.59 0.374 74.104.462 780.07 1.92% 27.Modaraba co's management fees E.632 1.811 2.678 505.731 1.86% 0.00% 0.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.Profit/(loss) after taxation 147.033.522 544.00% 0.00% 0.00% 0.234) 41.635 578.148.Fixed assets 182.Current assets (a + b) 1.877 99.625 557.61 0.735 1.

573 6.Certificate capital 4.354 4.00% 0.Current assets (a + b) 25.900.Total assets (C1+C2) 81.00% 0.069 67.056 (17.309 71.09 0.Total equity (A1 to A3) 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 75.30% -84.867 5.20% 90.Operating profit 4.832 3.000 0 0 58 1.097 2. (E4/D6) (times) 2.625 2.06 0.Capital /leverage ratios 1.06 2.00% 0.Return on capital employed (ROCE) (D5/(C-B1)) 0.462 6.484) (3.369 40.Current asssets to current liabilities (C1/B1) (times) 3.70 10.574 38.66% 3.070 33.00% 0.932 81.00% 4.736 65.61% 0.Efficiency ratios/profitability ratios 7.347 7.Others B.97 3.865) 1.790) (1.Profit & loss account 4.40% -7.254 4.07 10.797 56.719 5.Non-current assets (a + b + c) 699 714 108 70 39 b.00% 0.09% 2.277 7.233 24.Break up value per certificate (A/E1) I.592 64.Cash generated from operating activities 96.Other current assets 12.Operating expenses 4.152 41.329 21 86 240 1.238 41.92% 91.904 24.Earning Per Certificate (D6/E1) G.10 -2.078) 7.08 0.00% 46.000 33.582 4.903 5.00% 0.571 74.Cash generated from operating activities to current liabilities (E4/B1) (times) 131 107.881 2.987) 2.74 6.Return on equity (ROE) (D6/A) 0.Non-current liabilities a.10% 6.000 33.99% 2.929 1.40% -7.05 -0.07% 11.57 10.397 94 30 0 0 2.26 0.Total liabilities to total assets (B/C) (times) 0.60 1.40% 28.49% -8.Cash generated from operating activities to profit after tax.08 0.Cash and banks balances 12.29% 46.063 0 0 0 0 323 C.462 6.91% -129.28% 28.Profit/(loss) after taxation 894 301 (4.01 1.Financial Statement Analysis of Financial Sector Constellation Modaraba Items A.Other non-current assets 33.00% 3.10 0.70 11.357 3.33% 44.14 0.00% 0.350 6.08 -29.47 .40 10.277 7.223 (247) 6.77 0.978 1.185 69.91% 5.897 162 1.361 6.25% 44.129 39.Long term investment to total assets (C2b/C) H.Long-term investments 23.31% -0. of certificates F.108 33.85% -0.09 5.439 73.73% 110.Management expenses (D4/D2) 0.02% 9.927 5.Reserves 5.Stock dividend/bonus shares 0.573 6.625 64.37% -6.228 332 4.04% 0.386 6.02 0.462 2.271 2.23 15.09% 4.76% 231.Gross revenue(loss) 8.01% 0.462 6.35% 3.361 6.Unappropriated profit 5.00% 6.00% 0.Other items 6.74 -1.084 b.987) 2.444 1.No.26% 94.00% 0.462 6.714 33.15% -0.595 38.625 64.000 33.346 74.01% 0.45 -56.01% 0.184 (5.92% 91.000 23.118 (66) a.66% 3.079 4.Fixed assets D.874 3.Liquidity Ratios 3.Operating expenses to net income (D2/D6) 4.83% -0.33 -0.58 0.77 1.000 33.025 (373) 2.Profit/(loss) before taxation 937 301 (4.Total liabilities (B1 + B2) 1.29% 0.Return on revenue (D6/D1) 0.625 64.699 56.Current liablities 0 0 0 0 0 6.Capital ratio (A/C) 2.625 64.Cash flow ratio 1.000 c.227 4.854 7.254 4.Cash dividend 0.Modaraba co's management fees E.928 6.Return on assets (ROA) (D6/C) 0.

80 5.282 6.108 23.Capital /leverage ratios 1.683 1.919 5.01% 0.Operating profit 4.25 0.Efficiency ratios/profitability ratios 7. of certificates 20.Capital ratio (A/C) 2.Others B.00% 0.000 20.000 200.40 0.59% 4.770 42.43 5.438 7.18 0.837 76.512 32.00% 0.00% 0.76 3.20% 1.01% 0.311) 23.842 2.Unappropriated profit 1.762 5.Cash flow ratio 132 .652 23.000 4.Total assets (C1+C2) 132.536) (92.09 0.Gross revenue(loss) 178 1.84% 5.00% 0.000 200.000 200.Cash generated from operating activities F.59 5.Other items 4.Profit/(loss) after taxation 538 538 1.Total liabilities (B1 + B2) 2011 (630) (896) 23.77% 37.Management expenses (D4/D2) 0.39% 4.00% 0.84 1.00% 10.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.32% 3.864 b.600 0 0 0 0 570 5.001) 23.983 5.131 148.254 130.Modaraba co's management fees E.024 5.00% 0.510 0 0 0 150 6.101 30.24% 2.16% 3.417) (94.Current asssets to current liabilities (C1/B1) (times) 5.97% 5.Stock dividend/bonus shares 0.27 a.968 114.97% 41.649 96.822 1.509 a.688 (1.085 11.502 19.762 5.645 131.950 10.15 79.55 5.619 133.21 0.Certificate capital 2.65 5.961 113.03 0.82% 83.218 13.Financial Statement Analysis of Financial Sector Crescent Standard Modaraba Items A.254 130.Fixed assets 0 318 0 2.Operating expenses 646 1.926 118.00% 2.000 20.652 23.451 159.482 51.Profit/(loss) before taxation 538 538 1.06% 3.09% 104.937 133.Profit & loss account 3.686) (95.024) (91.Total liabilities to total assets (B/C) (times) 0.00% 0.463 (95.30% 0.06 3.730 2.66% 108.44 0.49% 1.00% 0.602 109.Return on capital employed (ROCE) (D5/(C-B1)) 0.95% 17.451 134.000 20.17 0.Current liablities (Thousand Rupees) 2010 2011 2007 2008 2009 108.Other non-current assets 0 0 0 0 0 1.Cash dividend 0.00% 0.Other current assets 2.951 24.95 2.108 (1.000 200.46 5. (E4/D6) (times) 5.00% 0.285 25.41% 1.50% 1.088 16.60% 4.33 2.20% 338.No.Cash generated from operating activities to profit after tax.91% 119.Non-current assets (a + b + c) D.00% 0.140 110.00% 0.645 c.Earning Per Certificate (D6/E1) G.024 5.197 25.87% 0.026 6.93 1.026 1.00% 13.417 4.30% 6.Long-term investments 0 0 0 22.Return on assets (ROA) (D6/C) 0.14% 29.179 43.911) 0 4.288 4.242 (468) (405) 2.12 1.Operating expenses to net income (D2/D6) 1.33% 4.85% 79.531 116.25 1.Cash and banks balances b.557 5.Non-current liabilities 286 16.03 0.18 0.Return on revenue (D6/D1) 3.Liquidity Ratios 3.552 200.84 1.45 3.00% 1.02 18.Current assets (a + b) 132.902 115.178 C.812 20.000 2.Reserves 3.28 0.179 44.35% 83.36% 4.239 1.528 16.Total equity (A1 to A3) 1.20% 3.Long term investment to total assets (C2b/C) H.02% 37.000 20.085 0 318 0 24.Return on equity (ROE) (D6/A) 0.490 20.299 9.10% 72.Break up value per certificate (A/E1) I.

332 (6.123 12.Operating expenses 8.064 48.809 41.858 76.88 5.42 9.86% 4.854 6.00% 4.No.Capital /leverage ratios 1.717 14.50% 5.642 0 0 0 0 0 0 0 0 0 0 18.Non-current assets (a + b + c) 1.39 0.344 44.22 0.Break up value per certificate (A/E1) I.095 766 0 979 5.048 a.Current asssets to current liabilities (C1/B1) (times) 2.400 113.89% 0.79% 15.29 6.Financial Statement Analysis of Financial Sector Elite Capital Modaraba Items A.109 108.Cash generated from operating activities to current liabilities (E4/B1) (times) 3.340 11.836 18.342 82.24% 4.27% 5.75% 4.672 93.19 -0.961 10.620 1.660 43. (E4/D6) (times) 2.195 53.320 8.079) 9.19% 16.371 21.854 6.435 42.337 47.Current assets (a + b) 82.740 C.665 13.37% 175.65 0.30% 0.00% 0.Cash dividend 6.812 6.24 0.Return on revenue (D6/D1) 0.280 10.718 143.50% 3.Total equity (A1 to A3) 1.Other non-current assets 37.41 0.Long-term investments 20.Cash generated from operating activities 23.553 32.340 11.340 2.52% 5.140 1.Others B.340 11.480 16.52% 16.91% 73.290 15.Management expenses (D4/D2) 0.00% 4.825 b.87 0.Profit/(loss) after taxation 9.61 0.72% 5.22% 7.511 49.65% 14.893 7.Non-current liabilities 11.98 3.Operating profit E.32% 27.77% 10.22% 77.400 113.04 2.15% 17.568 37.38 10.182 112.358 2.09 -0.069 1.789 a.187 1.793 12.00% 5.744 29.400 10.Other items F.78 11.77% 6.551 4.278 22.679 12.812 1.263 35.108 1.915 59.019 105.58 0.655 4.74% 170.622 25.Earning Per Certificate (D6/E1) G.18 0.30 3.941 35.Modaraba co's management fees 1.550 117.024 168.90% 102.41% 5.400 113.767 25.07% 6.12% 6.376 36.641 10.07% 7.758 2.Reserves 3.Total liabilities (B1 + B2) 1.87% 82.51% 0.93 10.712 1.274 c.Certificate capital 2.065 11.398 98.Return on capital employed (ROCE) (D5/(C-B1)) 0.623 9.45 0.439 6.Fixed assets D.85 0.Cash generated from operating activities to profit after tax.Cash and banks balances 13.32 0.351 2.14% 161.Unappropriated profit 4.00% 6. of certificates 11.10% 2.178 53.314 38.864 15.Cash flow ratio 133 .94 1.Other current assets 69.08% 8.00% 0.680 124.56% 75.320 8.00% 0.34% 7.00% 6.34% 6.782 (850) 4.Current liablities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 123.098 6.Capital ratio (A/C) 2.974 12.969 b.55% 3.88% 6.26 0.194 34.340 11.Efficiency ratios/profitability ratios 7.735 145.057 20.Return on assets (ROA) (D6/C) 0.Liquidity Ratios 1.951 118.755 1.Return on equity (ROE) (D6/A) 0.93 10.400 113.Long term investment to total assets (C2b/C) H.042 113.118 155.236 75.Gross revenue(loss) 30.099 49.83 1.964 59.703 2.Total liabilities to total assets (B/C) (times) 3.791 1.860 67.00% 0.Total assets (C1+C2) 142.40 0.Stock dividend/bonus shares 0.12% 10.30 3.Operating expenses to net income (D2/D6) 0.150 9.51% 13.893 7.Profit & loss account 21.23% 5.Profit/(loss) before taxation 9.635 25.13 0.623 9.176 5.

Long term investment to total assets (C2b/C) H.Cash generated from operating activities to current liabilities (E4/B1) (times) 1.463) (30.183 57.Cash flow ratio 134 .504 586.No.Capital /leverage ratios 1.732 63.855 2.28% 0.580 297.11% 42.Total assets (C1+C2) 641.38% 47.109 1.400 524.09 0.15% 0.821 562.98 3.554) (36.966 20.877 17.39% 45.947 613.Long-term investments c.801 25.460 16.690 57.Unappropriated profit (7.15 5.316 357.10 0.Profit/(loss) after taxation 18.776 2.Capital ratio (A/C) 2.13 -19.941 221.46% 28.07 0.136 16.440 52.036 309.06% -0.72% 11.84% 92.45 10.419 639.155 22.000 7.58% 3.650 64.00% 0.738) 1.Liquidity Ratios 3.Reserves 66.33% 91.Return on capital employed (ROCE) (D5/(C-B1)) 0.335 6.183 5.440 52.568 3.Non-current liabilities a.03% 1.91% 89.24 2.273 248.114 590.34% 9.13% 32.00% 0.657 1.002 257.23% 47.68 0.Cash generated from operating activities to profit after tax. (E4/D6) (times) 3.582 26.857 10.671 64.839 57.240.36 a.Stock dividend/bonus shares 0.37% 4.258 b.Operating expenses to net income (D2/D6) 1.Other items F.44 1.00% 4.00% 0.Non-current assets (a + b + c) 12.400 524.096 75.03% 2.00% 0.00% 0.00 -0.Return on assets (ROA) (D6/C) 0.708 232.251 1.911 1.157 52.440 52.464 547.Current asssets to current liabilities (C1/B1) (times) 4.48 -0.607 C.543 75.Management expenses (D4/D2) 0.58% -3.69% 0.842 45.Current assets (a + b) 287.780) (55.64% -2.819 200.13% 284.320 0 0 0 0 0 5.Financial Statement Analysis of Financial Sector Equity Modaraba Items A.Total liabilities (B1 + B2) 1.146 390.946 23.Break up value per certificate (A/E1) I.005 1.19% 6.367 146 (714) 180.625) (51.03% -0.518 354.679) 13.888 2.66% 5.126 50.400 524.59% 14.810 7.Total equity (A1 to A3) 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 582.Return on revenue (D6/D1) 0.Modaraba co's management fees E.390 44.01 3.664 (30.748 574.729 49.73 1.Fixed assets b.566 346 (591) 240.761 56.035 37.Others B.10 2.400 524.14 -210.Operating expenses 20.189 1.975 75.00% 0.440 52.689 74.133 280.36 0.163 544.08 0.17% 0.34 0.20% 93.511 1.232 939 1.945 355.Gross revenue(loss) 39.397 1.951 211.231 278.Cash dividend 2.748) (25.116 195.964 15.400 2.818 524.757 20.007.Cash generated from operating activities 63.121 63.17 6.03% 1.Total liabilities to total assets (B/C) (times) 0.76% 1.Profit & loss account 4.00% 0.Cash and banks balances 116.040 39.Other non-current assets D.90 5.Certificate capital 4.14 0.06 0.607 17.00% 3.00% 0.Profit/(loss) before taxation 19.50% 0.741 1.00% 0.02% -0.399 20.798 232.03% 1.796 354.00% 0.Earning Per Certificate (D6/E1) G.951 46.189 19.156 3. of certificates 52.54 -4.051 18.12% 29.95 10.10 -0.Efficiency ratios/profitability ratios 7.11 10.38 10.Other current assets 171.917 278.Return on equity (ROE) (D6/A) 0.Current liablities 0 0 0 0 0 58.32% 0.00% 0.00% 0.346.Operating profit 19.881 2.440 2.08 0.46% 48.

37% 75.884 71.052 107.Capital /leverage ratios 1.343 655 (11.005 58.446 50.Financial Statement Analysis of Financial Sector Fidelity Leasing Modaraba Items A.25 0.Break up value per certificate (A/E1) I.207 41.589) 15.963 185.06% 8.74% 2.00% 0.680 a.28 -1.867 375.Cash and banks balances b.Return on capital employed (ROCE) (D5/(C-B1)) 0.186 264.680 6.249) 1.581 29.Fixed assets b.33 0.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.00% 4.Long-term investments c.31% 4.988 50.689 4.241 457.927 181.372 37.Non-current assets (a + b + c) a.881 4.849) 8.Total liabilities to total assets (B/C) (times) 0.806 1.31 12.405 16.138 264.Efficiency ratios/profitability ratios 7.794 102.Cash dividend F.413 10.118 9.67% 59.615 C.272 29.681 153. (E4/D6) (times) 1.86% -0.21 -6.043 101.297 3.Earning Per Certificate (D6/E1) G.Other items 26.806 21.Others B.29 0.57% 13.05 -5.426 105.490 163.29 0.413 26.55% 0.416 155.61% 239.926) 1.244 40.449 55.691 105.041 142.994 81.759 432.707 325.00% 0.Total equity (A1 to A3) 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 348.429 34.Stock dividend/bonus shares 0.33 1.74% 1.11 0.Profit/(loss) after taxation 33.43% -0.Long term investment to total assets (C2b/C) H.66% -3.776 20.Reserves 58.510 93.06% 28.Current liablities 0 0 0 0 0 168.138 264.08% 9.914 72.929 186.Total liabilities (B1 + B2) 1.09 -0.99 -2.23 0.138 264.04% -3.50% -2.746 3.781 69.Non-current liabilities 66.69 1.985 158.Current assets (a + b) 204.08% 1.064 61.530) 8.52 2.413 26.Cash generated from operating activities to profit after tax.Gross revenue(loss) 82.Management expenses (D4/D2) 0.403 133.Unappropriated profit 26.207 41.00% 0.413 26.Capital ratio (A/C) 2. of certificates 2.Return on revenue (D6/D1) 0.04% 11.45 0.Profit/(loss) before taxation 33.51 1.Operating profit 60.20% 12.822 119.696 131.665 40.Return on equity (ROE) (D6/A) 0.No.88% -926.138 264.Current asssets to current liabilities (C1/B1) (times) 2.56 1.17% 18.469 13.229 1.Modaraba co's management fees E.00% 0.893 24.Certificate capital 4.680 (2.26 1.Total assets (C1+C2) 516.466 2.765 494.438 20.720 3.413 26.Return on assets (ROA) (D6/C) 0.15% 5.Profit & loss account 4.640 238.29 2.37 12.754 312.Operating expenses to net income (D2/D6) 0.33% 13.631 0 0 984 5.960 21.18% -21.622 (8.70% -3.30 4.047 60.915 61.274) (11.13% 71.31 12.349 338.327 233.Other current assets 2.616 118.34 -0.547 30.68% 71.00% 0.48 2.36% 0.227 136.00% 4.160 5.Cash flow ratio 135 .987 121.13% 89.432 199.264 99.Other non-current assets D.580) (11.202 335.33% 2.62% -0.59% 2.02 2.545 326.948 71.52% 3.194) (4.00% 0.14 0.531 99.680 (2.00% 3.04 -0.58 -0.550 352.724 351.765 75.246 86.00% 0.20 13.574 106.428 2.138 2.077 18.Operating expenses 22.00% 0.01% 6.106 24.Liquidity Ratios 3.195 59.329 (45.258 75.00% 10.87% -155.158 57.64% 2.10% 11.40% 35.Cash generated from operating activities 34.

Profit/(loss) after taxation 24.167 22.45% 0.07 1.60% 29.37 0.043 60.140 8.555 2.42% 40.07% 11.61 0.065 28.50% 3.541 3.18 -0.931 2.Cash generated from operating activities 62.388 1.Others B.000 65.82 2.746 5.Return on equity (ROE) (D6/A) 0.Non-current assets (a + b + c) a.896 C.33 5.089 47.081 9.521 29.54% 36. of certificates 2.32% 27.62 -1.Non-current liabilities a.22% 8.Current liablities 0 0 0 0 0 48.Break up value per certificate (A/E1) I.329 55.135 26.75% 1.034 0 0 0 0 0 13 0 191 489 334 1.Management expenses (D4/D2) 0.09 1.72% 6.712 2.507 25.434 83.39 38.96% 32.00% 0.809 112.Current assets (a + b) 139.041 6.00% 0.000 3.Unappropriated profit 21.820 8.37% 102.Fixed assets b.000 3.Earning Per Certificate (D6/E1) G.00% 18.574 4.130 180.054 6.56 0.Modaraba co's management fees E.746 5.123 49.341 54.19 1.178 116.024 6.064 92.38 0.16% 0.425 3.00% 0.982 48.535 6.Current asssets to current liabilities (C1/B1) (times) 3.36 9.Total equity (A1 to A3) 4.98 1.84% 12.975 15.06 7.000 30.360 5.00% 0.17 37.Profit & loss account 4.319 23.Certificate capital 30.79% 5.Cash generated from operating activities to current liabilities (E4/B1) (times) 1.795 22.71% 4.00% 73.00% 40.205 58.53% 25.58% 0.439 8.324 30.878 216.00% 0.465 5.054 6.63 2.Liquidity Ratios 3.709 20.47% 23.21 2.Other current assets 94.130 2.26% 0.214 13.000 30.876 186.934 207.508 112.00% 76.45 0.00% 0.Profit/(loss) before taxation 38.Long term investment to total assets (C2b/C) H.86% 36.000 3.983 15.03 1.30% 37.185 29.221) 5.00% 0.700 143.81 34.192 6.570 27.951 1.00% 0.17% 0.393 Items A.573 76.787 1.Reserves 44.00% 89.Cash and banks balances 45. (E4/D6) (times) 2.989 104.248 7.Other non-current assets D.52 9.13% 11.861 6.Stock dividend/bonus shares 0.000 30.888 17.Total liabilities to total assets (B/C) (times) 0.000 30.558 3.Return on capital employed (ROCE) (D5/(C-B1)) 0.296 110.811 199.179 27.66% 0.45% 55.880 201.965 310.745 (40.Efficiency ratios/profitability ratios 7.16% 21.Capital ratio (A/C) 2.35 2.Cash generated from operating activities to profit after tax.410 36.180 57.49 0.442 102.Total liabilities (B1 + B2) 1.Return on assets (ROA) (D6/C) 0.Operating expenses 18.00% 63.Gross revenue(loss) 56.No.41 0.437 45.34 0.779 78.Total assets (C1+C2) 144.033 51.989 316.573 2.00% 0.00% 4.18% 43.671 190.Return on revenue (D6/D1) 0.63 0.70% 8.Cash flow ratio 136 .06% 3.938 31.000 3.Financial Statement Analysis of Financial Sector First Imrooz Modaraba 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 96.Capital /leverage ratios 1.50 0.547 63.000 2.Cash dividend F.Operating expenses to net income (D2/D6) 0.870 115.Other items 3.824 210.750 48.Long-term investments c.380 132.555 b.08 0.02 30.368 5.272 52.02% 49.020 2.33% 106.Operating profit 37.58% 2.39% 0.077 292.607 0 5.068 92.317 224.

39% 5.25% 3.Cash and banks balances b.327 405.137 9.707 13.915 543.Earning Per Certificate (D6/E1) G.976 71.05 1.15 0.095 1.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.87% 5.Unappropriated profit 4.47% 3. (E4/D6) (times) 1.Other current assets 2.348 1.Total equity (A1 to A3) 3.57 0.63 15.165 764.Current asssets to current liabilities (C1/B1) (times) 0.09% 22.00% 0.13 1.00% 0.952 5.12 2.00% 66.16 0.80 1.65% 25.033 758.804 621.824 206.57% 2.94 6.779 44.89% 8.14% 22.394 223.53 0.805 395.156 757.Profit/(loss) after taxation 52.98 16.Current assets (a + b) a.76% 83.75% 16.00% 11.71% 0.25% 0.29% 9.863 85.068 1.04% 1.370 8.Return on assets (ROA) (D6/C) 0.Liquidity Ratios 3.072 397.545 279.03% 0.872 2.94% 10.98% 11.Certificate capital 397.036 485.Gross revenue(loss) 568.Non-current liabilities C.302 487.707 39.567 a.542 82.00% 5.707 39.149.57 3.84% 4.546 65.71 15.927 92.Reserves 266.439 497.972 494.17 0.Cash generated from operating activities 58.385 9.732 224.946 5.83% 2.012 19.707 39.11 1.Cash dividend F.Break up value per certificate (A/E1) I.567 6.39 1.00% 0.Other items 39.68% 1.Return on revenue (D6/D1) 0.617 677.020 1.996 0 0 0 0 0 Items A.32 0.015.820 2.22 2.926 560.226 647.179 973.38% 3.335 67.50 1.00% 0.46 0.80% 6.976 71.048.Non-current assets (a + b + c) 0 0 0 0 0 545.08% 0.779 44.Stock dividend/bonus shares 0.125 0 51.03% 75.629 528.62% 2.466 620.682 53.91 1.63% 16.024 143.48% 48.Capital ratio (A/C) 2.639 175.613 180.65 16.70% 12.Cash generated from operating activities to profit after tax.Management expenses (D4/D2) 0.179 99.072 397.985 287.08% 3.206 602.707 39.289 205.Total liabilities to total assets (B/C) (times) 0.588 312.072 397.233 11.Capital /leverage ratios 1.377 21.093 827.355 300.Profit & loss account 3.057.Total assets (C1+C2) 1.072 2.097 168.259 41.073 25.604 48.66% 6.003 21.514 4.475 87.Profit/(loss) before taxation 52.Return on capital employed (ROCE) (D5/(C-B1)) 0.655 1.209.987 18.78 5.198 0 7.072 397.654 334.Cash flow ratio 137 .731 79.413 132. of certificates 2.No.377 21.154 250.Long term investment to total assets (C2b/C) H.18% 6.523 202.016 347.060 69.821 185.939 116.426 120.875 492.10% 84.030 809.Other non-current assets D.809 40.26 0.543 343.168 1.45 0.06% 2.Total liabilities (B1 + B2) 1.25 0.Operating profit 4.347 1.Return on equity (ROE) (D6/A) 0.Operating expenses to net income (D2/D6) 0.00% 3.87 2.47 3.Efficiency ratios/profitability ratios 7.334 2.00% 4.00% 6.Modaraba co's management fees E.00% 5.Others B.068 595.55% 54.624 1.936 9.Financial Statement Analysis of Financial Sector Habib Bank Modaraba 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 663.451 752 153 152 10.Operating expenses 8.31 17.522 10.17% 43.636 1.09% 4.Current liablities 2.Long-term investments c.012 19.64 1.54% 23.Fixed assets b.611 193.00% 0.

922 6.310 268.300 2.93% 16.842 2.531.00 1.00% (232.67 2.693 105. (E4/D6) (times) -1.Return on equity (ROE) (D6/A) 5.337 2.42% 7.78 14.Operating profit 4.00% 0.85% 3.536 1.234 317.668.Total liabilities (B1 + B2) 1.00% 0.846.248.619.059.583 778.008.178 309.Current asssets to current liabilities (C1/B1) (times) 1.316 135.600 201.075.516 527.922 1.Modaraba co's management fees E.08% 2.620 2.13 0.53 -0.817 55.72 1.164 1.692 1.940 1.274 225.Long term investment to total assets (C2b/C) H.000 1.50 0.18 1.211 80 32.68% 8.Cash and banks balances b.Stock dividend/bonus shares 4.Return on assets (ROA) (D6/C) 2.20 1.855 243.88% 20.Operating expenses to net income (D2/D6) 6.309 2.800 201.00% 21.302.193 47.808.830 1.543.Unappropriated profit 4.902 4.590 (29.Certificate capital 2.33 1.99% 62.98% 49.832 663.256 147 7.56 2.818 2.Capital /leverage ratios 1.Non-current liabilities 125.Others B.666.153.467 2.711 254.247 1.747 3.000 1.14% 55.786 1.Profit & loss account 3.880 5.041 269.090 1.Efficiency ratios/profitability ratios 5.545 820.02% 0.38 1.357.347 276.613 267.696 728.192.019 8.787) 559.00% 22.12 12.855 243.29 0.691 2.043 8.77% 8.15% 1.72% 79.Liquidity Ratios 3.68% 7.79 1.600 2.33 1.202 3.407.892.939 3.000 1.87 2.163.56% 75.136 212.Cash flow ratio 138 .23% 557.282 1.38 0.Capital ratio (A/C) 2.19% 80.873) 27. of certificates 100.722.Fixed assets b.Cash generated from operating activities F.390.825.44% 9.47 2.Financial Statement Analysis of Financial Sector Habib Modaraba Items A.00% 0.462 (102.25 0.Cash generated from operating activities to profit after tax.Current liablities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 2.103.43% 1.337 161.610 2.Break up value per certificate (A/E1) I.00% 0.600 201.590 1.35 15.277 1.No.Other current assets 2.00% 0.291 162.21 1.Earning Per Certificate (D6/E1) G.777.887 4.100 861.281.26% 517.025.Profit/(loss) after taxation 149.608 1.776 C.Current assets (a + b) 1.Management expenses (D4/D2) 7.Other items 3.14 0.650 3.129 1.528 1.360 1.713 30.616 1.621 805.147 194.82% 4.28% 8.Non-current assets (a + b + c) a.Total equity (A1 to A3) 1.Return on capital employed (ROCE) (D5/(C-B1)) 4.313 1.Cash dividend 20.08% 24.11% 17.08 3.015.Cash generated from operating activities to current liabilities (E4/B1) (times) -0.435.20 0.421 277.213 302.03% 0.25% 9.00% 20.421 277.00% 21.963 1.00% 0.214 1.Other non-current assets D.62% 84.08% 6.000 1.955 1.26% 836.937 215.211 1.Return on revenue (D6/D1) 9.117.Total assets (C1+C2) 5.834 290.000 1.05% 1.178.497.811.13% 14.000.089.624 504.Reserves 3.16 a.008.618.79% 76.054 885.280 2.600 201.888.569 16.30% 9.613 267.54% 3.921 1.372.48 1.814 691.85% 8.404) 129.666.224 1.008.148 2.475.211 1.931 0 0 0 0 0 2.628 400.98% 9.502.719 2.358 157.23 0.153 150.728 202.369.Profit/(loss) before taxation 149.Operating expenses 1.Long-term investments c.99 14.191.583 14.503.99% 6.31 -0.33% -2.303.651 346.713.Gross revenue(loss) 1.310 268.543 2.683.068 29.195 3.444 219.008.94% 70.Total liabilities to total assets (B/C) (times) 0.

563 19.082 (8.Others B.18 0. (E4/D6) (times) 2.916 1.84% -3. of certificates 11.956.Profit & loss account 3.42 0.Operating expenses to net income (D2/D6) 0.205 37.06 0.28% 82.Cash flow ratio 1.10% 4.762 361 13.44 1.644 2.875 201.Return on assets (ROA) (D6/C) 0.873 3.959 239.83% 3.681 40.00% 0.802 131.62% 3.Current assets (a + b) 193.Return on capital employed (ROCE) (D5/(C-B1)) 0.405 22.Modaraba co's management fees E.70 0.131 42.633 104.84 12.Break up value per certificate (A/E1) I.00% 0.55 -10.711 307.No.916 1.56 58.965 1.21 0.Gross revenue(loss) 17.153 6.Efficiency ratios/profitability ratios 7.803 4.Profit/(loss) before taxation 8.Profit/(loss) after taxation 8.Unappropriated profit 12.875 116.619 34.07 0.935 4.893 338.Long-term investments c.687 11.86% 0.06% 0.24% 5.Certificate capital 4.78 1.567 993 27.546 1.97 0.00% 3.38 2.Capital /leverage ratios 1.Return on revenue (D6/D1) 0.04% 1.683 21.900 50.28% 819.59% 1.55% -3.99% 1.882 283.168 25.188 2.03 1.42 2.082 (8.527 369.736 5.458 3.24 5.174 116.Financial Statement Analysis of Financial Sector IBL Modaraba Items A.62% 278.71 11.249 178.819 17.437 171.83 -7.Cash generated from operating activities F.144 4.975 41.36% 0.348 31.38 2.809 0 38.188 20.411 31.65 4.08 0.144 1.47% 19.496 3.00% 5.695 126.000 0 0 0 42.46% -23.369 C.068 13.07 14.738 2.19% 4.144 4.10 -0.409 48.00% 13.466 22.Cash and banks balances b.28 11.Total assets (C1+C2) 207.976 174.Earning Per Certificate (D6/E1) G.56 a.Long term investment to total assets (C2b/C) H.956 1.939 20.219 9.782) 6.05% 1.79% 62.77% 2.00% 0.474 40.68% 0.875 201.191 176.305 1.64% 64.00% 0.64% 65.97 -6.Total equity (A1 to A3) 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 164.Reserves 35.873) 0 85.79% 0.188 20.Return on equity (ROE) (D6/A) 0.24 -1.69% 0.Management expenses (D4/D2) 0.00% 0.00% 3.248 2.142 39.804 63.Stock dividend/bonus shares 0.842 0 7.44% 0.Liquidity Ratios 3.644 2.037 60.Non-current assets (a + b + c) 18.83% -3.680 13.231 37.Operating profit 4.058 1.00% (83.00% 2.Cash generated from operating activities to current liabilities (E4/B1) (times) 139 .100 11.172 3.687 20.767) 9.Other non-current assets D.00% 0.568 130.28 -5.755 306.Other items 4.Total liabilities (B1 + B2) 1.982 233.72% -172.385 62.933 1.05% 2.713 193.82% 0.396 215.72% 0.Current liablities (7.Cash generated from operating activities to profit after tax.816 61.11% 0.066 247.60% 6.868 379.35 0.Cash dividend 8.875 2.762 13.256 274.158 12.784 2.782) 1.Other current assets 2.00% 3.Capital ratio (A/C) 2.Non-current liabilities a.30% 14.Current asssets to current liabilities (C1/B1) (times) 4.Operating expenses 5.00% 0.626 905 546 183 0 0 5.875 201.692) (25.35 0.749 337.18% 3.857 25 31.777 12.Total liabilities to total assets (B/C) (times) 0.739 15.999 127.299 6.860 58.Fixed assets b.892 39.

979 227 0 1.227 8.Current liablities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 52.80% 6.078 16.643 8.872 42.03% 1.178) (36.68 2.08% 0.42 0.096 40.Reserves 3.Capital ratio (A/C) 2.Current asssets to current liabilities (C1/B1) (times) 2.Current assets (a + b) 53.00% 0.089 10.91% 6.Liquidity Ratios 1.99 1.309 159.507 443.524 25.70% 113.04% 4.537 801.938 20.744 8.700 41.111 125.20% 6.00% 0.931) (529.038 302.160 83.Total liabilities (B1 + B2) 1.Return on equity (ROE) (D6/A) 0.316 8.61% 1.56 -0.322 275.Long-term investments c.481) 1.486 40.Cash dividend 2.06 -2.668 1.97 0.274 28.82% 0.Break up value per certificate (A/E1) I.04 1.081 2.312 691.744 282.011 172.872 62.27 0.096 40.895 34.023 17.264 (174.959 1.Profit/(loss) before taxation 2.847 C.639 83.Efficiency ratios/profitability ratios 7.660) 0 19.No.00% 0.534 0 0 17.06 -21.990 87.Management expenses (D4/D2) 0.193 173.16% 19.96% 6.342 18.Other current assets 10.04% 3.428 16.102 3.15 1.00% 3.97% 18.88% 27.700 283.160 282. (E4/D6) (times) 5.Modaraba co's management fees E.429 163.10% 0.387 494 89.734 11.Cash generated from operating activities to current liabilities (E4/B1) (times) 8.Return on assets (ROA) (D6/C) 0.460 5.00% 179.Profit/(loss) after taxation 2.95 -0.329 10.Non-current assets (a + b + c) a.00% 0.360) (27.88 1.62% 84.714 59.645 161.421 762.00% 0.74 10.35% 3.24% 28.285 13.Total assets (C1+C2) 54.71 0.812) (15.225 109.Total liabilities to total assets (B/C) (times) 3.84% 2.469 141.04 0.131 312.Other non-current assets D.Unappropriated profit 4.135 1.Earning Per Certificate (D6/E1) G.816) 2.Return on capital employed (ROCE) (D5/(C-B1)) 0.27 0.Fixed assets b.316 28.707 703.906 665.733 8.021) (49.833 185.00% 4.234 1.40% 3.Financial Statement Analysis of Financial Sector KASB Modaraba Items A.92% 5.097 105.00% 9.904 633.795 33.803 7.274 28.764 232.89 1.Operating expenses 2.Stock dividend/bonus shares 0.88% 5.42% 75.50% 38.07% 145.51% 24.60 1.Other items 8.21% 13.50% 0.274 2.17 -0.716 258.780 0 4.47% 3.04% 18.690 126.513 953.Capital /leverage ratios 1.Cash generated from operating activities to profit after tax.31 -30.70% 0.14 9.092 191.873 1.Certificate capital 2.79% 3.628 556 1.36 5.118 24.109 (3.73 0.316 91.37% 58.60% 4.Cash and banks balances 42.65% 5.020 19.191 678.555 (39.57 0.416 1.Gross revenue(loss) 5.113.139 6.023 17.00% 0.139 4.398 80.14 9. of certificates F.245 a.Profit & loss account 23.184) (4.744 282.Non-current liabilities 2.94% 8.Cash flow ratio 140 .220 14.Return on revenue (D6/D1) 0.958 0 (665) 0 1.Others B.666 116.Long term investment to total assets (C2b/C) H.829 b.79 -0.Cash generated from operating activities 11.653 107.56 1.03 -0.62% 6.05% 2.047 7.00% 2.892 169.418 307.Operating profit 3.Operating expenses to net income (D2/D6) 1.845 128.915 806.72 0.516 18.121) (27.42 37.Total equity (A1 to A3) 1.00% 13.

400 5.14% 11.234 30.090 24.Cash flow ratio 141 .21 13.405 2.753 1.80% 0.98 1.111 1.82% 15.763 10.Profit & loss account 3.973 398.964 352.18 1.121.48% 1.822) 0 0 1.000 12.139 250.874 1.132 227.Profit/(loss) before taxation 41.Cash generated from operating activities to profit after tax.Fixed assets b.Current asssets to current liabilities (C1/B1) (times) 1.234 30.600 a.938 727.176.887 175.Return on revenue (D6/D1) 0.00% 0.599.Break up value per certificate (A/E1) I.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.699 1.Current liablities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 313.128 903.96 2.Modaraba co's management fees E.52 12.179.775 26.00% 10.576 1.Liquidity Ratios 3.573 1.Return on equity (ROE) (D6/A) 0.778.530 305.308 38.119 16.013 211.556 1.429.410.88 0.Current assets (a + b) 1.66% 1.733 1.Other non-current assets D.49% 1.802 853 1.408) 833.88% 8.830.24 -0.33% 21.689 737.069 1.001 25.Non-current assets (a + b + c) 6.173 314.019 8.Cash dividend 3.04% 17.55% 12.057) (16.Operating profit 4.49 1.08 0.775 26.46% 5.305 331.Gross revenue(loss) 222.656 1.342 1. of certificates 2.959 1.00% 0.Management expenses (D4/D2) 0.86 2.526 1.064 473.Long-term investments c.434 1.13% 9.No.495 2.Non-current liabilities a.090 319.Total equity (A1 to A3) 1.255.000 63.594 1.32% 3.771 2.34% 51.845 235.Operating expenses to net income (D2/D6) 0.310.43 12.558 2.66 1.19% 13.233.000 250.840 839 0 1.019 2.07% 0.232 48.479 370.54 -36.84 0.Other current assets 2.57% 3.45% 1.34% 31.Efficiency ratios/profitability ratios 7.410.Financial Statement Analysis of Financial Sector National Bank Modaraba Items A.09% 6.562 748.167.14% 0.91% 9.000 250. (E4/D6) (times) 2.000 25.78 12.02% 1.303 1.72 0.201.516 31.906 27.00% 21.613 3.94% 3.000 25.472.168 654.Profit/(loss) after taxation 41.540 337.512 240.529 1.39% 51.263.409 (398.157 15.624 28.706 832.89 0.634 134.98 31.Reserves 3.640.00% 0.763 10.29% 6.86 0.Cash generated from operating activities F.43 1.22 1.Total liabilities (B1 + B2) 1.631 963.426 1.41% 511.711 0 (13.08% 4.863 4.41% 4.587.130 1.Earning Per Certificate (D6/E1) G.00 0.06% 7.44% 42.73% 618.231.428 0 44.532 285.79% 1.67% 18.257 959.81 0.140 1.93% 3.265 13.Total assets (C1+C2) 2.258 2.436.998 211.062 520.311 1.Other items 25.04% 2.Certificate capital 2.27 0.197 0 3.000 250.03 0.019.00% 10.061 32.502 2.000 250.00% 10.Stock dividend/bonus shares 4.000 25.024.Cash and banks balances b.516 420.00% 0.Return on capital employed (ROCE) (D5/(C-B1)) 0.442 1.Capital /leverage ratios 1.879 5.160 711.718 1.975 2.Others B.77 7.Return on assets (ROA) (D6/C) 0.28 0.266 C.888.695 208.244 49.274 1.26 13.89 0.907 457.795 12.600 6.Capital ratio (A/C) 2.00% 0.08% 2.Unappropriated profit 4.50% 12.450.153.Long term investment to total assets (C2b/C) H.05 1.238.432 66.403 276.399 959.53% 7.00% 100.00% 0.Operating expenses 14.761.516 31.Total liabilities to total assets (B/C) (times) 0.

00% 0.68% 2.Cash generated from operating activities to profit after tax.956 44.Other items 4.56% G.78 7.50% 92.968 79.225 20.Cash and banks balances 52.65 -1.60 0.209 30.Total equity (A1 to A3) 1.38% 10.27% 73.570 3.396 13.87% 92.Long-term investments c.Current liablities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 97.312) (70.57 14.19 a.23% 55.784 5.Total liabilities (B1 + B2) 1.328 8.Non-current assets (a + b + c) 212 80 124 1.62% 16.254 14.94% 10.00% -16.897 13.36 2.313 75.74% 58.75% 7.29 6.Others B.926 1.Capital /leverage ratios 1.07% 5.74 5.646 4.00% 0.429 1.43% 937.970 a.400 125.796 3.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.Cash generated from operating activities F.983 125.Other current assets 45.240 4.Financial Statement Analysis of Financial Sector Pak Modaraba Items A.07 0.475 4.00% 3.450) (77.369) (44.478 814 1.328) 0 0 0 0 0 5.00% 0.590 60.Total liabilities to total assets (B/C) (times) 3.Return on equity (ROE) (D6/A) 0.Non-current liabilities 2.469 5.52 0.932 4.89 2.160 64.07 0.308 609 434 465 C.45 2.939 5.631 33.00% 0.05 0. (E4/D6) (times) 0.540 12.Operating profit 6.540 12.55 1.58% 17.Cash dividend 3.36% 0.759 49.87 -1.17 14.498 6.682 4.00% 0.686 81.Capital ratio (A/C) 2.18% 9.470 1.07 20.12 -1.00% 0.771 69.Operating expenses to net income (D2/D6) 0.920 59.400 125.167 11.498 6.06% 5.Earning Per Certificate (D6/E1) 67.579 4.76% 0.00% 3.466 18.00% 4.305 243 265 1.68% 6.Gross revenue(loss) 11.710 15.Modaraba co's management fees E.Management expenses (D4/D2) 0.282 b.Current asssets to current liabilities (C1/B1) (times) 2.432 1.78 0.92 3.Total assets (C1+C2) 103.07% 6. of certificates 12.36% 35.Return on revenue (D6/D1) 0.Current assets (a + b) 98.88 2.73 4.121 33.40% 17.956 1.Stock dividend/bonus shares 0.831 2.413 52.498) 5.521 15.67 0.06 0.95% 94.00% 0.532 37.833 5.51% 52.49% -31.400 16.319 3.401 0 0 0 0 220 5.Liquidity Ratios 1.540 12.552 96.400 125.00% 0.777 3.81% 9.15% 14.490 3.911 (44.469 6.40% 4.00% 3.Certificate capital 2.Cash flow ratio 142 .Unappropriated profit 4.Profit & loss account 4.997 1.04% 0.400 125.Break up value per certificate (A/E1) I.836 3.175 4.540 2.Efficiency ratios/profitability ratios 7.217 (6.688 4.55% 92.574 9.373 5.718 1.64% 3.458 10.369 96.00% 0.202 102.Return on capital employed (ROCE) (D5/(C-B1)) 0.540 12.Profit/(loss) after taxation 6.120 59.34 24.416 66.239 32.190) (81.06 1.Fixed assets b.Other non-current assets D.Operating expenses 4.282 3.608) 19.483 6.56 14.58% 39.07 0.94% 152.Profit/(loss) before taxation 6.Reserves 3.691 2.Long term investment to total assets (C2b/C) H.943 4.963 (5) 4.Return on assets (ROA) (D6/C) 0.200 71.650 5.81% 56.054 719 490 0 (766) (1.00% 4.10% 5.315) (45.61 -10.No.

38 0.00% 0.12% 3.47 0.510 29.Return on revenue (D6/D1) 0.863 5.071 41.863 5.Total liabilities to total assets (B/C) (times) 0.22% 33.504 37.76 1.68 1.40 1.23% 13.340 82.928 15.816 C.95% 52.359 18.61% 46.Return on equity (ROE) (D6/A) 0.Operating expenses to net income (D2/D6) 0.80% 30.Return on assets (ROA) (D6/C) 0.Cash and banks balances 10.32 0.758 18.Cash flow ratio 143 .30% 51.936 6.126 3.104 31.339 39.440 5.483 64.Modaraba co's management fees E.Current asssets to current liabilities (C1/B1) (times) 1.Non-current assets (a + b + c) a.Fixed assets b.633 58.764 144.74 1.277 56.85 4.011 0 1.00% 18.095 131.00% 23.74% 10.58 18.914 2.359 18.236 248.62% 52.047 108.490 78.655 17.19 -0.713 27.863 5.Other current assets 69.Certificate capital 58.796 6.53% 15.004 35.Efficiency ratios/profitability ratios 1.305 19.Operating profit 4.777 17.05% 14.00% 0.584 3.562 12.00% 0.42 0.67% 17.02% 1.778 101.615 53.277 21.614 2.58 2.08% 11.272 3.11% 0.62% 56.Cash generated from operating activities 14.391 121.09 2.785 128.Reserves 37.640 153.41 0.Total liabilities (B1 + B2) 1.Non-current liabilities 16.863 5.Profit/(loss) before taxation 8.323 6.00% 7.713 27.147 25.679 14.43% 5.461 28.847 35. of certificates 2.94% 71.957 118.633 103.18% 19.830 59.095 9.00% 14.633 58.00% 58.587 (16.14 2.004) 1.873 107.11 3.863 11.577 22.623 61.18% 19.310 3.319 98.45% 11.78 2.Liquidity Ratios 3.098 16.Operating expenses 5.Current assets (a + b) 79.Management expenses (D4/D2) 0.Profit & loss account 3.58 20.521 41.633 2.328 124.893 9.403 32.Current liablities 0 0 0 0 0 62.Others B.796 2.90% 86.07% 9.845 126.105 141.Break up value per certificate (A/E1) I.27 21.373 2.56 1.Stock dividend/bonus shares 0.75 2.33% 4.01% 7.Return on capital employed (ROCE) (D5/(C-B1)) 0.098 16.435 1.476 18.005 1.00% 4.26 7.Other non-current assets D.356 38.49 0.820 a.192 205.05% 6.No.784 227.48 0.Capital ratio (A/C) 2.352 934 1.024 29.394 12.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.96% 6.646 33.126 3 7 1.12% 36.542 245.74% 13.229 50.00% 0.899 92.585 b.880 20.Cash generated from operating activities to profit after tax.00% 15.679 85.633 58.62% 66.Capital /leverage ratios 1.Profit/(loss) after taxation 8.827 108.122 53.145 96.235 85.Long term investment to total assets (C2b/C) H.369 69.42% 0.935 12.515 13.194 28.430 45.30% 2.Other items 5.36 1.50% 3.Total equity (A1 to A3) 3.Financial Statement Analysis of Financial Sector Paramount Modaraba 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 103.Gross revenue(loss) 17.127 50.184 6.72% 11.76% 1.34% 15. (E4/D6) (times) 1.Unappropriated profit 4.62 24.753 184.17 -0.447 113.78% 6.18% 58.113 30.53 1.408 12.48% 43.Earning Per Certificate (D6/E1) G.155 39.049 Items A.Long-term investments c.27 0.633 58.Total assets (C1+C2) 165.Cash dividend F.43 2.

33 2.Modaraba co's management fees E.48 14.Return on capital employed (ROCE) (D5/(C-B1)) 0.270 1.08% 6.329 6.25 -0.177 99.20 0.591 109.681 498.726 246.Cash dividend 3.586 120.48 0.265 1.092 151.88% 79.95% 25.Other non-current assets D.35% 0.604 569.195 45.177 872.Operating profit 4.31% 25.192 430.218 87.00% 0.Cash and banks balances 191.80 5.00% 112.52 5.Cash generated from operating activities F.Profit/(loss) before taxation 55.877 85.Return on assets (ROA) (D6/C) 0.Fixed assets b.Return on equity (ROE) (D6/A) 0.373 62.478 59.Total equity (A1 to A3) 1.218 87.653 4.Cash flow ratio 144 .38 0.615 34.270 6.Long-term investments c.89% 6.03% 0.434 336.26% 159.00% 0.59% 6.436 753.90 5.181 130.375 462.934 52.293 33.649 1.08% 5.277 7.218 87.19 -0.421 1.525 246.604 753.965 6.997 872.42% 27.06 -0.99% 38.Non-current assets (a + b + c) 3.Total liabilities (B1 + B2) 1.994 42.124 1.899 (384.Total assets (C1+C2) 721.62 0.019 (17.42 -0.788 32.42 2.755 255.Return on revenue (D6/D1) 0.966 572.00% 0.819) (383.500 2.721 291.Non-current liabilities 86.28% 1.67% 6.91% 27.90 6.88 1.Operating expenses 19.177 872.218 87.880 336.73 6.750 90.642 44.19 1.00% 0.412 255.Other current assets 211.549 148.Management expenses (D4/D2) 0.818 167.89% 6.19 0.660 64.819) (486.655 601.Long term investment to total assets (C2b/C) H.391 41.Current liablities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 586.52 9.764 b.Capital ratio (A/C) 2.177 872.465 19.50% 5.455 33.No.Cash generated from operating activities to profit after tax.94 a.82% 4.336) 90.Profit/(loss) after taxation 54.653 0 3.Other items 4.218 2.00% 8.Stock dividend/bonus shares 0.311) 0 0 0 0 136.11 5.599) (383.84% 5.Earning Per Certificate (D6/E1) G.192 498.36% 43.342 61.043 4.847 111.726 47.557 294.944 601.10 0.549 87.Unappropriated profit 4.71 1.Others B.788 41.20 0.17% 128.877 1.11 0.88 2.Profit & loss account 3.809 6.455 41.657 17.Efficiency ratios/profitability ratios 7.434 141.95% 0.Reserves 3.26% 6.00% 3.88% 88.488 512.176 2.718 317.336) (17.48 0.519 41.00% 3.465 61.177 872.38 1.758 288.Liquidity Ratios 3.Gross revenue(loss) 130.26% 43.09% 6.90% 0.49% 2.934) (486.Cash generated from operating activities to current liabilities (E4/B1) (times) 2.30% 6.849 C.838 148.077 113. (E4/D6) (times) 2.69% 89.50% 5.91% 37.Certificate capital 2.99 1.16% 3.801 161.Financial Statement Analysis of Financial Sector Prudential Modaraba Items A.Current assets (a + b) 403.90% 1.245 126.642 66.81% 79.278 2.00% 0.809 7.636 87.660 151.066 26.00% 3.412 139.00% 0.697 5.412 32.30% 6.Break up value per certificate (A/E1) I.934 17.Current asssets to current liabilities (C1/B1) (times) 8.16% 5.758 161.63% 0.79% 6.586 113.195 90.944 505. of certificates 87.Capital /leverage ratios 1.079) (1.482 a.835 33.127 49.179 22.615 130.Total liabilities to total assets (B/C) (times) 0.135 35.Operating expenses to net income (D2/D6) 0.

266 853.22% 5.635 362.594.033 1.019 90.00% 0.30% 3.211 17.032 19.06% 2.00% 0.608 425.847 1.732 2.578 110.67% 4.06% 0.198.021.04 10.Cash generated from operating activities 58.953) Items A.247 182.078 798.693 1.50 2.798.Stock dividend/bonus shares 0.100.173 194.Other current assets 2.00% 3.00% 0.098 2.103.28 2.162.129 26.458 990.334.02% 0.28% 10.020 34.473.28% 13.185 1.Gross revenue(loss) 435.200 (7.47% 2.450 0 10.354 999.283.73 0.00% 0.072 2.969 2.Profit/(loss) before taxation 26.044 697.21 -2.71 a.200 2.555 55.786) 488.912 1.67 0.604 3.786 1.816 1.92% 13.Liquidity Ratios 3.988 1.329 963.489 48.11 -1.106.496 135.Management expenses (D4/D2) 0.870.57% 379.412 1.221 1.Current asssets to current liabilities (C1/B1) (times) 0.Other items F.No.Non-current liabilities C.Current assets (a + b) 0 0 0 0 0 1.020 34.019 90.Cash generated from operating activities to profit after tax.38% 8.Operating profit 4.998 370.199 18.160 1.77 0.630 1.069 1.96 0.88 8.772 1.865 792.633.885) (84.685.90% -23.881 1.270 18.30% 1.00% 0. of certificates 34.00% 0.683.683 114.143.Profit & loss account 3.809 1.06% 3.84% 25.031 (70.625 1.88% 11.Total assets (C1+C2) 1.Current liablities 2.650 32.069 2.00% 4.684 110.434 42.908 1.029 296.26% -2.02% 1.48% -14.172 24.86 0.00% 0.127.08% 5.987 56.802.222 38.Cash dividend 6.41% 0.696 46.332.200 340.Return on revenue (D6/D1) 0.00% 1.89 0.83 0.724.98 0.447.47% 0.98% 0.616 821.00% 0.553 38.043 2.020 2.999 1.315 1.00% 0.Other non-current assets D.Non-current assets (a + b + c) a.013 (1.Total equity (A1 to A3) 3.67 10.331.292.38 45.188.171 3.04% -46.Long term investment to total assets (C2b/C) H.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.25% 0.77% 26.Operating expenses 10.446 1.Financial Statement Analysis of Financial Sector Punjab Modaraba 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 463.Certificate capital 340.182) 1.39% 106.200 340.Return on assets (ROA) (D6/C) 0.74 0.73% 1.413 1.611 26.67% 2.249) (87.129.041 2. (E4/D6) (times) 2.Profit/(loss) after taxation 26.825 54.Unappropriated profit 4.722 5.Modaraba co's management fees E.199 114.Return on capital employed (ROCE) (D5/(C-B1)) 0.150.Capital ratio (A/C) 2.628.896 2.314 715.020 34.020 34.Efficiency ratios/profitability ratios 7.85 0.145 90.727.Earning Per Certificate (D6/E1) G.00% 3.149 3.318.Total liabilities (B1 + B2) 1.Cash and banks balances b.295.099 1.26% 12.Long-term investments c.Reserves 105.Return on equity (ROE) (D6/A) 0.046.814 317.04 145 .88 0.383 1.978 443.065 1.522.785 38.06 1.02% 0.137.Break up value per certificate (A/E1) I.344.36 0.Total liabilities to total assets (B/C) (times) 0.27 0.370) (157.124 2.200 340.182) 6.64 13.829 7.199.211 17.71% -8.Operating expenses to net income (D2/D6) 0.042 1.350.60 5.031 (70.891 0 0 0 5.829 7.816 1.200 340.63 2.Cash flow ratio 1.Fixed assets b.665.88 0.302 1.05 -0.34% 11.21 -86.46% 6.565 1.36% 0.Others B.04% 1.411 951.Capital /leverage ratios 1.

27 2.383 45.No.797 519.64% 20.526 1.607 a.043.Reserves 353.818.224 453.Earning Per Certificate (D6/E1) G.00% 0.12% 70.02 -3.42% 1.66 20.Return on capital employed (ROCE) (D5/(C-B1)) 0.Non-current liabilities a.289 405.49 0.92% 0.822.819 5.01% 26.053.100 (296.021) 251.24% 9.08% 4.131.76% 22.324 850.463 3.161.00% 18.41% 10.035 979.Cash generated from operating activities to profit after tax.22% 2.299 103.601 418.91 1.40% 7.034 378.455 1.33% 35.076.56% 6.121.Current liablities 0 0 0 0 0 1.Total equity (A1 to A3) 3.873 41.59% 59.676.Cash and banks balances b.611 73.602 774.Others B.880 86.783 (638.60% 9.06% 7.81 3.Break up value per certificate (A/E1) I.52% 7.05 -0.Liquidity Ratios 3.473.378 1.980 1.29 1.036 3.502 1.90% 11. of certificates 2.700.87% 25.313 388.Total liabilities (B1 + B2) 1.Long-term investments c.Other current assets 2.Long term investment to total assets (C2b/C) H.80% 58.341 4.Capital ratio (A/C) 2.54% 19.Financial Statement Analysis of Financial Sector Standard Chartered Modaraba 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 859.23% 2.836 1.22 1.414.092 1.892 2.Non-current assets (a + b + c) 14.797 2.70 0.Modaraba co's management fees E.010 1.685 351.835 453.Efficiency ratios/profitability ratios 7.Profit/(loss) before taxation 82.50% 17.14 2.383 45.022.Operating profit 4.77 0.533 372.223.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.769 359.82 0.Unappropriated profit 4.835 453.Operating expenses 38.183 3.000 3. (E4/D6) (times) 1.624 Items A.650 1.135 471.Total assets (C1+C2) 2.04 0.065 4.02% 2.695 433.168 230.317.673 1.222 45.628 2.Return on revenue (D6/D1) 0.51% 6.Certificate capital 432.06% 39.964 97.410.383 45.052.070 1.354 46.07 -0.899 79.89 19.970 802.17 -0.00% 0.37 2.34% 29.068.332 923.25% 3.570 42.58% 3.11 -0.196 97.804 22.196 97.058 4.25% 8.451 3.798 751.Other items 43.614 938.509 2.90 2.237.668 2.22% 27.383 15.183.16% 3.512.513.469 86.867 892.Management expenses (D4/D2) 0.00% 4.953.447 2.490 78.446 80 0 0 200 602 1.Capital /leverage ratios 1.10% 10.06% 0.029.Profit/(loss) after taxation 82.20% 6.968.744 53.366 401.50 0.899 79.617 928.00% 0.00% 16.Stock dividend/bonus shares 5.46 20.Return on assets (ROA) (D6/C) 0.835 2.Fixed assets b.66 0.00% 0.15 -7.Profit & loss account 3.544 0 9.73 0.35 20.283) (84.516.24% 25.Current assets (a + b) 1.039 1.67 1.133 10.253.Return on equity (ROE) (D6/A) 0.387.884 2.52% 61.742 77.201 1.71 0.03% 3.738 273.267.880 86.47% 44.Gross revenue(loss) 252.00% 16.662 2.Operating expenses to net income (D2/D6) 0.417 2.811 11.72% 5.008 513.040 460.844.235) 1.605.Cash flow ratio 146 .759 3.923 1.782.299 103.74 0.736 1.109 1.958 86.545 2.744 16.Cash generated from operating activities 84.560.14% 14.Other non-current assets D.315 214.437.Current asssets to current liabilities (C1/B1) (times) 0.344 C.607 6.Total liabilities to total assets (B/C) (times) 0.76 1.Cash dividend F.566 2.835 453.051 2.569 9.00% 17.420 42.994 1.

Profit & loss account 1.80% 1.111 C.39 3.334 1.Other items F.00% 0.53 1.Non-current assets (a + b + c) c.775 38.00% 0.Break up value per certificate (A/E1) - 7.498 471.704 341.98 1.77% 66.715) (47.61 2.783 948.36% 5.539 64.457) (7.189 1.Return on revenue (D6/D1) - -3.No.23% 3.208) (71.642 1.Operating profit - 1 937.449) 1.19% -4.211 550.238 755.43 0.393 460.00% 0.360 74.03% 2.Management expenses (D4/D2) - 0.690 457.45 -2.801 878.54 - 9.428.Financial Statement Analysis of Financial Sector Treet Manufacaturing Modaraba 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - 111.557 b.623 44.Capital /leverage ratios I.943) (139.492 - 40 0 0 0 - 489.000 800.00% 0.877 28.872 3.12% 8.00% 0.672 2.Profit/(loss) after taxation - (15.Cash and banks balances - 16.79 0.516 123.Return on assets (ROA) (D6/C) - -2.41% 6.Current assets (a + b) - 378.Current liablities - 39.228 6.001 185.10% 9.000 2.97 1.Certificate capital - 142.Total liabilities (B1 + B2) 2.891 3.47% 2.15 2.012 1.15% -9.627 58.112 965.016.67% 50.516 123.09 -0.Profit/(loss) before taxation - (15.Cash dividend - 0.Total equity (A1 to A3) B.56 3.92% -5.Operating expenses - 19.Non-current liabilities - 383.342 Items A.Cash generated from operating activities to current liabilities (E4/B1) (times) - -6.228 1.831 - 156.Stock dividend/bonus shares - 0.Long-term investments - 0 40 14.00% - -1.932 525.507) 48.857 500.Earning Per Certificate (D6/E1) G.27% -70.996 323.835 0 206.618) (40.747 609.Long term investment to total assets (C2b/C) - 0.279 124.Gross revenue(loss) E.754 327.Cash generated from operating activities to profit after tax.Others - 0 0 0 0 - 423.521 93.000 500.46% 10.00% 4.036 338.Other non-current assets D.Reserves - 0 0 24.Other current assets - 362.618) (40.58% 0.258 85.707 1.000 80.44 -0.82 8.507) 48.00% 0.99% -9.46% 7.286 50.Total assets (C1+C2) - 535.86% 56. (E4/D6) (times) - 15.37% 5.762 b.453 1.683) 4.593 a.285 476. of certificates - 14.Operating expenses to net income (D2/D6) - -127.075.722 60.649 428.Current asssets to current liabilities (C1/B1) (times) H.30 11.958) (264.18% 49.00% 0.52 2.18% 14.983 119.63% 4.Capital ratio (A/C) - 20.266 229.54 10.Fixed assets - 156.423) (21.43 -0.049 a.000 50.00% 0.57 9.19% 40.000 2.589 327.08 -2.Liquidity Ratios 1.972 570.974 11.83 2.29% 61.01% 1.00% 3.50 0.Cash flow ratio 147 .00% 0.Cash generated from operating activities - (242.00% 0.Return on equity (ROE) (D6/A) - -13.498 264.306 230.678 353.Modaraba co's management fees - 0 0 0 0 5.Unappropriated profit - (31.81 0.11 -0.Return on capital employed (ROCE) (D5/(C-B1)) - -3.Total liabilities to total assets (B/C) (times) - 0.Efficiency ratios/profitability ratios 7.781 4.66% 92.

353 199.531 8.890) (17.Stock dividend/bonus shares 0.70 -0.59% 79.10 0.50 2.Operating profit 5.353) (37.00% 33.134 87.Operating expenses to net income (D2/D6) 0.25% 5.633 22.98 96.426 79.21% 3.089 504 11.486 2.71 1.829) 500 0 1.909 274 244 326 b.Current assets (a + b) 88.Certificate capital 2.858 211.39 3.479 83.00% 0.Non-current assets (a + b + c) 341 269 113 1.59% 97.33% 3.04 -0.053 30.11 -6.04% 88.053 3.68% 663.124 37.41 95.267) (17.Modaraba co's management fees 0 E.Other items F.81% 3.Total assets (C1+C2) 192.075 26.00% 0.Cash generated from operating activities to current liabilities (E4/B1) (times) -0.740 175.139) (34.772 3.768 78.33 2.492 25 6.480 70.163 21.57% 4.Current asssets to current liabilities (C1/B1) (times) 2.166 c.163 Items A.00% 4.11% 37.006 (1.389 3.60% 1.56% 13.720 80.686 1.00% 0.Liquidity Ratios 1.631 211.Operating expenses 3.02 -0.Total liabilities to total assets (B/C) (times) 3.Gross revenue(loss) 9.27% 5.27 0.59 -0.521 185.176 28.Return on equity (ROE) (D6/A) 0.Non-current liabilities a.704 225.183 79.163 2.17 0.Return on assets (ROA) (D6/C) 0.124 37.015 211.71 -13.47% 37.265 801 5.Profit/(loss) before taxation 5.480 70.49% 45.00% 0.18% 30.768 78.77% 5.Earning Per Certificate (D6/E1) G.469 3.39 0.Profit & loss account 4.631 26.73 2.40% 9.Other non-current assets 13.Other current assets 2.342 3.773) (11.847 16.22% 5.21% -0.059 3.Management expenses (D4/D2) 0.29 0.Cash and banks balances b.24 0.121 208.78% 0.Fixed assets D.006 (1.715) (490.560 2.779 4.103) 1.631 211.27 a.00% 3.10% 69.530) 6.03 0.33% 29.163 2.654 87.Unappropriated profit (38.89% 77.Break up value per certificate (A/E1) I.00% 0.808 (1.263 8.14% 0.207 186.669) 4.03% 0.707) 6.Cash generated from operating activities (3.Others (12.Reserves B.00% 0.089 504 11.003) 473 (7.Total equity (A1 to A3) 1.Return on capital employed (ROCE) (D5/(C-B1)) 0.332 261.Return on revenue (D6/D1) 0.07% -0.601 216.961) (33.631 211.00% 0.54% 21.046 267.00% 5.53 3.Long term investment to total assets (C2b/C) H.586) (7.545 207. of certificates 21.163 21.71 14.Financial Statement Analysis of Financial Sector Tri-Star Modaraba 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 199.74% 2.853 177.42 9.839 81.530) 1.84% -0.10% 33.Cash flow ratio 148 .Cash generated from operating activities to profit after tax.263 8.631 211.Capital /leverage ratios 1.Long-term investments 90.590 505 12.678 4.633 22.No.00% 0.766 83.435 2.Capital ratio (A/C) 2.Cash dividend 0.86% 6.471 1.53 5.44 9.12% -59.19 0.Profit/(loss) after taxation 5. (E4/D6) (times) -0.02 0.606 92.163 2.Current liablities 0 0 0 0 0 C.96 320.412 1.81% 4.301 104.03% 0.678 128.163 6.Total liabilities (B1 + B2) 1.89 0.303 12.Efficiency ratios/profitability ratios 7.949) (28.544 1.947 128.757 132.451 30.09% 64.03% 0.036 348 8.94% -286.269) (18.098 132.

63 9.42% 2.800 29.959 2.361 0 0 0 (68.Break up value per certificate (A/E1) I.69% 12.199 21.Current liablities 0 0 0 0 0 65.Current assets (a + b) 235.000 298.00% 5.Profit/(loss) after taxation (64.00% 0.67 0.472 57.Cash flow ratio 1.671) 33.82 2.38 -0.685 243.01% 3.Other current assets 2.023 91.359 11.Capital /leverage ratios 1.605 27.953 20.009 3.Cash dividend 0.52% 5.62% 11.30% 5.445 44.12 1.943 15.300 27.777 234.552 93.20 0.Return on capital employed (ROCE) (D5/(C-B1)) -0.33 8.03 G.14 0.713 185.Operating expenses to net income (D2/D6) E.71 3.021 28.58% 38.389 1.397 21.Total liabilities to total assets (B/C) (times) 0.Other non-current assets D.305 73.Modaraba co's management fees 5.00% 0.871 200.188 166.06% 6.305 15.062 27.Capital ratio (A/C) 2.71 4.37% 7.502 189.335 a.Unappropriated profit 4.745 175.552 176.457 2.84 12.24% -0.Non-current assets (a + b + c) c.00% 3.Non-current liabilities 1.10 0.33% 75.087 23.Current asssets to current liabilities (C1/B1) (times) 3.Long-term investments 30.205 8.92 8.Cash generated from operating activities to current liabilities (E4/B1) (times) 149 .00% 7.029 279.Financial Statement Analysis of Financial Sector Trust Modaraba 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 254.87% 8.19% -942.00% 0.95% 69.Long term investment to total assets (C2b/C) H.690 2.63% 6.25% 65.880 203.Efficiency ratios/profitability ratios -0.26% -0.20% -0.79% 11.00% 0.933) 33.971) 49.825 62.Total liabilities (B1 + B2) 1.00% 0.625 2.06 1.289 45.Cash and banks balances b.826 68.852 60.38 9.79 0.355 59.45% 28.947 66.04% 7.528 6.Reserves (18.498 59.800 2.703 3.57% 4.05% 0.582 283.410 50.019 1.551 33.000 298.19% 6.66% 75.987 0 0 0 0 2.Return on equity (ROE) (D6/A) -0.088 8.34% -8.000 2.950 13.182 83.066 110.Operating expenses 12.00% 0.09% 8.923 b.706 271.523 338 283 214 11.Fixed assets 53.Total equity (A1 to A3) 3.797 163.78 7.13% 9.63 2.182 1.77% 3.No.Other items 4.437) (40.Liquidity Ratios 3.314 16.69% 85.328 11.66% 39.Profit & loss account 4.Gross revenue(loss) 27.51 -0. of certificates 27.019 6.Management expenses (D4/D2) 0.Operating profit 15.Stock dividend/bonus shares 0.05 2.270) (74.12 -26.00% 5.Cash generated from operating activities F.08% 6.000 273.20 5.972) Items A.075 185.925) (1.134 377.51 6.419 94.00% 0.Others B.262 56.568 300.25 0.563 257.451 21.087 20.059 191.764 56.005 43.00% 0.00% 0. (E4/D6) (times) 2.052 371.693 2.214 1.800 29.Certificate capital 273.71 1.917 33.25 0.Cash generated from operating activities to profit after tax.200 C.809 1.00% 17.80% 89.762 18.Return on revenue (D6/D1) -2.11 0.161 8.97% 42.49 1.03% 6.Total assets (C1+C2) 319.000 298.315) (29.830 89.Profit/(loss) before taxation (61.300 29.255 a.339 186.06% 3.Earning Per Certificate (D6/E1) -2.Return on assets (ROA) (D6/C) -0.297 181.757 14.674 47.938) (1.95 2.328 25.

386 26.969 76.415 150.093 37.Break up value per certificate (A/E1) I.114 13.Profit & loss account 3.51% 11.470 41.31 1.012 112.321 88.326 (85.860 a.83% 5.804 15.954 144.764 1.266 2.Total liabilities to total assets (B/C) (times) 3.691 6.573 1.Earning Per Certificate (D6/E1) G.793 69.05 7.469 216.93% 11.47% 11.77 14.409 2.Unappropriated profit 42.121 0 8.42% 27.92 2.963 40.74% 73.Long term investment to total assets (C2b/C) H.928 1.Profit/(loss) before taxation 51.Non-current assets (a + b + c) c.218 149.006 183.96% 1.06% 4.233 4.198 613.46 3.Cash generated from operating activities to current liabilities (E4/B1) (times) 2.Operating expenses 9.Liquidity Ratios 1.Other current assets 227.76% 3.75 1.00% 10.Total liabilities (B1 + B2) 1.Operating expenses to net income (D2/D6) 0.216 56.538 183.740 61.Return on assets (ROA) (D6/C) 0.676 588.000 C.866 263.761 146.31% 6.Current asssets to current liabilities (C1/B1) (times) 2.Gross revenue(loss) 72.24 2.386 26.00% 0.559 55.21 -2.Certificate capital 4.338 250.00% 0.Cash generated from operating activities to profit after tax.Operating profit 4.Current liablities 19.083 90.94 2.442 19.00% 4.941 456.77 18.608 127.13% 74.160 5.Efficiency ratios/profitability ratios 1.331 180.57% 56.363 226.275 47.21% 30.62% 6.562 119.626 165.967 130.947 640.66 17.13% 12.10 13.196 42.Cash flow ratio 150 .32 16.865 263.386 26.20 -2.Capital /leverage ratios 1.45% 8.218 74 74 74 74 975 1.70% 81.293 107.644 125.41 1.387 26.Total equity (A1 to A3) 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 404.386 10.00% 12.25 0.307 161.26 0. of certificates 2.359 217.993 11.679 494.09% 9.23 1.04 1.123 49.201 395.07 17.290 96.92% 49.Modaraba co's management fees E.Return on equity (ROE) (D6/A) 0.28 11.768 73.Fixed assets 50.590 450.20% 19.80 8.00% 10.24 0.Others B.Capital ratio (A/C) 2.866 2.800 57.Stock dividend/bonus shares 0.093 50.924 62.485 5.Financial Statement Analysis of Financial Sector UDL Modaraba Items A.40% 0.131 165.Cash and banks balances 220.415 67.74% 2.Other non-current assets D.83% 13.85% 0.960 2.875 b.Long-term investments 62.Cash generated from operating activities 53.27 0.524 59.10% 10.866 263.684) 73.26 0.131 (1. (E4/D6) (times) 1.164 35.04% 7.99% 15.867 433.08% 29.807 466.Current assets (a + b) 447.488 193.656 47.25 0.164 105.093 50.848 b.044 163.70% 14.093 37.00% 40.34% 74.295 659.400 38.426 3.130 439.343 374.11% 9.964 72.76% 8.Total assets (C1+C2) 560.81% 37.24% 10.156 123.54% 6.642 87.866 263.360 90.89 2.Non-current liabilities 113.954 146.068 a.06% 6.14% 47.72% 74.00% 0.853 30.436) 25 485 (203) 137.768 72.50% 17.13 1.866 263.266 23.20% 41.919 283.Other items 26.50% 3.512 126.Management expenses (D4/D2) 0.722 443.Profit/(loss) after taxation 51.Reserves 97.Return on capital employed (ROCE) (D5/(C-B1)) 0.442 6.216 56.Return on revenue (D6/D1) 0.Cash dividend F.296 474.60 11.00% 0.No.99 18.

Cash dividend 0.400 136.558 2.Current asssets to current liabilities (C1/B1) (times) 0.168 1.333 3.Operating profit 166 132 132 (83) (357) 0 0 0 5.03 0.Earning Per Certificate (D6/E1) G.Return on equity (ROE) (D6/A) 0.739 (143.03 -0.517 3.01 -0.622 3.36% 40.00% 0.Total liabilities to total assets (B/C) (times) 0.739 8.Profit/(loss) after taxation 424 784 784 (457) (357) 1.Unappropriated profit 4.Cash flow ratio 1.89% 73.Liquidity Ratios 3.04% 6.00% 0.81 0.09% 14.00% 0.575 5.10 7.326 0 0 0 0 0 4.Total liabilities (B1 + B2) 1.00% 0.Other non-current assets D.23% -5.Cash generated from operating activities to profit after tax.22% -95.844 4.953 184 (174) 136.99% -11.07% 81.03 1.Cash and banks balances 14 647 647 763 428 b.00% 3.33% 4.65 0.Current assets (a + b) 2.Reserves 3.76 0.48% -100.Non-current liabilities C.20 -0.953 1.152 113 731 731 947 594 a.06 0.801 4.844 2.955) (145.326 3.Stock dividend/bonus shares 0.Operating expenses 270 265 265 539 732 3.18 2.186) (144.739 8.04 0.739 8.Fixed assets b.Break up value per certificate (A/E1) I.37% 2.Total assets (C1+C2) 1.Profit/(loss) before taxation 424 784 784 (83) (357) 6.65 0.Return on revenue (D6/D1) 0.14 0.15% 0.09 0.622 3.06 0.36% 40.640 13.00% 0.00% 0.98% 86.17 0.01 -0.24% 35.00% 0.Cash generated from operating activities to current liabilities (E4/B1) (times) 151 .No.801 4.20 0.558 0 0 0 0 0 1.97% 197.570 2.00% 0.333 3.06% -12.06% 14.Profit & loss account 4.313) 0 0 0 0 0 3.20% 5.582 8.914 5.95 1.400 8. of certificates 13.Financial Statement Analysis of Financial Sector Unicap Modaraba Items A.00% 0.03 0.Management expenses (D4/D2) 0.Long-term investments c.Current liablities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.14% -45.Certificate capital 2.00% 0.Other items 4.80% -117.00% 0.640 13.17% 3.48% 197.14 0.622 3.186) (143.640 2.94% -205.03% 35.400 136.20 0.Modaraba co's management fees 0 0 E.64% 33.640 13.844 2. (E4/D6) (times) 2.844 4.14% -248.00% 0.Other current assets 99 84 84 184 166 4.Non-current assets (a + b + c) 0 0 0 0 0 4.Return on capital employed (ROCE) (D5/(C-B1)) 0.Capital /leverage ratios 1.81 -1.80% 33.Operating expenses to net income (D2/D6) 0.Total equity (A1 to A3) 1.Long term investment to total assets (C2b/C) H.03% 5.Return on assets (ROA) (D6/C) 0.11% 205.Efficiency ratios/profitability ratios 1.28 0.575 3.746 3.Others B.Capital ratio (A/C) 2.94 0.746 3.Cash generated from operating activities F.52% 0.00 0.06 -0.400 136.814) (143.44 0.570 2.00% (15) 633 633 657 (334) 205.17% a.640 13.89% 86.622 3.400 136.00% 0.Gross revenue(loss) 436 397 397 456 375 2.17 0.14% 40.14% 40.

Profit before tax decreased from Rs 386. registering a decrease of 31.4 billion in Components of Balance Sheet CY10 to Rs 6.5 600.9 percent respectively was recorded in CY11 over CY10.2 100.000 2.2 2005.0 152.6 1479.9 300.000 3.0 billion in CY11 showing an increase of 6.0 million in CY10 to Rs 266.2 billion in CY10.0 percent in 152 .0 percent and 39.1 700. i.5 400.371. ANALYSIS OF BALANCE SHEET COMPONENTS Total equity increased from Rs 5.2 billion in CY10.000 1.000 4.3 1.8 percent of their total assets CY 10 5.6 billion in CY11. recording an increase of 5.0 254.Financial Statement Analysis of Financial Sector 2011 EXCHANGE COMPANIES PERFORMANCE AT A GLANCE Exchange Companies exhibited an expansion in their balance sheet size during the period under review.0 1500 Million Rs.5 in the form of highly liquid assets.2 billion in CY11 about 14.3 7.5 billion in CY10 to Rs 1.0 200. Administrative and general expenses increased from Rs 1.000 6. Million Rs. cash and CY 11 6.000 5.e.399.206.1 7. percent over CY11. Decrease in profit before and after taxation of 31.0 CY 10 Admin.2 million in CY11. Total assets increased to 7. the formation of total equity has mainly been through share capital which was around 89 & 88 percent in CY10 and CY11 respectively.0 1621. Exp.0 266.7 percent.6 billion in CY11 from 7.8 1. showing reduced operating efficiency in CY11 compared to CY10.191..786.6 billion during CY11 as compared to Rs 7.0 386. 2000 Profit Before Taxation 1000 500 0 500. Further. And Gen.7 percent.7 percent of the gross revenue in CY10 which increased to 80.000 0 20% 15% 6% 10% 0% -10% -20% -23% -30% Total Equity Total Liabilities Total Assets holding around 50.7 percent to stand at around Rs 7.9 percent in CY11.0 CY 10 Revenue CY 11 0.9 Million Rs.604. Total assets increased by 5. CY 11 general expenses were 78. PROFITABILITY AND O PERATING EFFICIENCY Gross revenue reached Rs 2.9 Growth 15% -23% 6% bank balances because of their nature of business.000 7. Analysis also reveals that the exchange companies were 8. Administrative and Profit After Taxation 2500 1878.

5% 2.9 percent. 22. Similarly.61 in CY11.71 percent to 2.1% ROCE CY 11 6.5% ROE 4.12 percent and 3. recording a decrease of 39.7% to 4.9 million in CY11.0% 153 2.01 percent respectively in CY11. Return on capital employed (ROCE) and Return on Assets (ROA) decreased from 6.Financial Statement Analysis of Financial Sector 2011 CY11.0% 8.54 percent to 2.5 million in CY10 to Rs 152.0% 3.0% CY 10 . profit after tax decreased from Rs 254.72 percent 2.0% 6.0% 4. Return on Equity also 4.46 percent in CY11.95 to Rs. 0. Breakup value per share increased from ROA Rs.7% decreased from 4. 20.

275 1.330 1.56% 3.Revenue 987.377 6.23 18.420 4.485.190 1.35 154 .130.473 1.525 152.779.418 655.Total equity (A1 to A3) 1.023.Admin.998.53 0.411.580 45.897 91.Total liabilities (B1 to B2) 1.844 1.Efficiency ratios/profitability ratios G.43 20.46% 2.Return on capital employed (ROCE) (D3/C-B1) 1.642 5.732 1.884 426.86 -37.416.46 0.967 5.157.73 4.479.597.Other assets 1.258 4.Break up value per share (A/E1) I.29 3.536 3.581 281.01% 51.950 1.935 3.Cash generated from operating activities F.29 0.012 4.Current assets(a + b) 4.Total assets (C1+C2) 5.355 27.695.981 2.356 1.Cash generated from operating activities to profit after tax.707 1.153.Return on assets (ROA) (D4/C) 0.Others B.101 827.165 271.389 b.Overall Items A.14% 24.316 223.No.Reserves 3. (D2/D3) (times) 7.Liquidity ratios 1.006 750.815.612.828 6.656.86 20.064.Stock dividend/bonua shares N/A N/A N/A N/A N/A 40.89 12.40% 26.09 0.Capital /lverage ratios 1.661.12% 74.Fixed assets 476.884.05 -3. (E4/D4) (times) 1.399.907 1.731 350.424.740.748 52.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.Profit/(loss) after taxation 21.848 a.890 5.33 2.84% 18.931 1.410 5.71 3.452.Cash flow ratios 1.864.Financial Statement Analysis of Financial Sector Exchange Companies .240 217.Share capital 2.255.781 1.717.193 4.09% 81.935 1.407.61% 18.000 0 25.762 4.628.147.513 7.Profit & loss account E.585.06% 8.83% 6.03% 78.693 295.99 0.603 213.Total llabilities to total assets (B/C) 5.486 5.505.81% 4.878.637 C.000 127.782 6.Non-current assets (a + b) a.006 4.596 678.423 b.61 H.14 4.12% 3.000 45.204.330 1.155 1.669. expense to profit before tax.191.455 D.348 50.808 1.34 1.108 631.671.485 2.620 1.458 529.014 1.954.344.786.10 0.776.555 1.330 7.754 102.Accumulated profit (loss) 4.888 1.585 334.629.507 1.099 2.023 1.40 3.99% 24.84 2.100 1.Cash dividend N/A N/A N/A N/A N/A 3.05% 50.371.95 22.Cuurent assets to current liabilities (C1/B1) (times) 3.464 407.Current liabilities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 4.Non-current liabilities 2.604.Earning per share (D4/E1) 0.093 254.871 2.696.689 (3.535 3.224 642.895.275 4.Cash & bank balances to total assets (C1a/C) 2. of ordinary shares 2.000 65.Profit/(loss) before taxation 91.15 0.131 1.677 114.553 2.72% 4.79% 6.235.206.473.Cash & bank balances 2.192 1.670.137.621.291 4.073 2.48% 1.81% 2.754 274.Return on equity (ROE) (D4/A) 0.71% 2.56 45.979 266.275 4.54% 2.83 6.362 1.615 539.005.60 2.Other items 1.706 1.676 1.37% 4.Administrative and general expense 722.770.736 385.947 1.04% 75.316.169.01% 4.24% 4.37% 1.508) 691.615 1.92% 73.581.543 45.09 5.36% 41.54% 45.945.098.716.459 1.74 20.240 257.Other assets 1.21 2.Capital ratio (A/C) 2.222 396.867 252.

779 325.62% 55.Cash & bank balances b.42 10.Stock dividend/bonua shares 0.Share capital 2.619 219.63% 0.84 2.909 276.84 8.50% 3.Profit/(loss) after taxation 4.Capital ratio (A/C) 2.362 87.843 3.24% 0.269 22.Admin.000 200.Other assets 35.000 200.862 12.419 6.62% 1. (E4/D4) (times) 0.656 43.742 100.34% 2.381 C.228 111.891 D.020 95.Cuurent assets to current liabilities (C1/B1) (times) 3.Others 4.883 110.490 12. expense to profit before tax.977 96.000 0 0 0 6.40 -0.Earning per share (D4/E1) 0.44% 3.205 94.Return on assets (ROA) (D4/C) 3.455 211.000 2.11 0.885 1.497 208.Return on equity (ROE) (D4/A) 4.046 2.29% 68.01% 34.796 30.25 0.Cash & bank balances to total assets (C1a/C) 16.41 0.00% 0.635 39.742 4.00% 0.034 57.30 10.Current assets(a + b) 74.09% 59.53% 5.58 12.27 2.31% 3.257 62.341 160.Accumulated profit (loss) 2.Revenue E.455 11.123 1.44 6.00% 0.237 37.541 22.772 2.80% 61.Profit & loss account 12.65 -0.497 146.296 4.00% 0.215 7.898 39.113 66.97% 2.Cash generated from operating activities F.000 11.36% 52.271 8.33 6.315 22.38% 1.000 20. (D2/D3) (times) 1.902 4. of ordinary shares 10.Reserves B.070 151.Break up value per share (A/E1) I.52 0.324 113.607 52.201 118.143 4.21 16.04% 1.292 4.Total liabilities (B1 to B2) 1.25% 10.Liquidity ratios 1.Total llabilities to total assets (B/C) H.957 3.19% 4.500 20.619 19.22 4.09% 2.164 8.497 8.No.273 20.16 0.30 18.308 441 2.420 11.57% 71.Non-current liabilities a.335 1.000 115.22 10.000 0 0 0 0 0 3.667 221.170 13.19% 93.Financial Statement Analysis of Financial Sector AA Exchange Company (Pvt) Ltd.Efficiency ratios/profitability ratios G.Current liabilities 2.Fixed assets 4.00% 0.454 6.981 5.88 11.00% 0.00% 0.Cash dividend 0.998 4.Administrative and general expense 9.80 0.465 58.114 370.825 69.442 33.127 1.661 138.000 200.Total assets (C1+C2) 113.080 229.99% 65.151 150.090 31.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.99 1.Return on capital employed (ROCE) (D3/C-B1) 4. 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 102.699 95.201 3.Cash flow ratios 155 .32% 6.00% 0.807 193.00% 3.056 2.00% 3.70% 2.810 45.75% 89.60% 1.Profit/(loss) before taxation 5.495 151.14 5.084 206.762 Items A.Total equity (A1 to A3) 1.Cash generated from operating activities to profit after tax.43 2.326 61.644 14.23 8.98% 23.41 58.779 (1.88 5.115 62.67% 2.58 10.91% 40.722 43.468) 57.881 b.Other assets 2.Other items 4.615 171.Capital /lverage ratios 1.11 0.Non-current assets (a + b) a.08 1.000 20.

Total equity (A1 to A3) 1.85 -0. (D2/D3) (times) 5.878) (660) 630 243 (5.193 19.Stock dividend/bonua shares 0.396 119.000 0 0 0 0 0 (415) (374) (3.Total llabilities to total assets (B/C) H.48% 3.137 35.00% 4.079 4.21% 8.447 165.Share capital 2.900 31.556 2.336 51.626 100.044 227.26% 2.400 b.08% 0.Efficiency ratios/profitability ratios 4.51 25.559 231.158 5.771 a.895 8.133 223.094 8.496 1.07 -0.Profit/(loss) after taxation (4.21 10.72 997.32% 0.11 36.146 7.Fixed assets 63.00% 0.39% 3.Non-current liabilities 2.09% 2.894 32.346 28.60 -1.Capital ratio (A/C) 70.706 108.Other assets 29.455 C.Others B.00% 0.83 3.Return on capital employed (ROCE) (D3/C-B1) -4.87 2.Administrative and general expense 7.371 93.477) (7.Revenue 8.584 4.06% 0.477) (1.69 -48.Other assets 20.391 44.261 1.522 8.Capital /lverage ratios I.76% 87.57 -11. Items A.544 199.497 124. expense to profit before tax.00% 0.Total assets (C1+C2) 137.27% 14.No.25 0.Cash generated from operating activities (2.877 9.111 113.23 -0.427 5.869 58.148 198.08% -1.Liquidity ratios 17.Return on equity (ROE) (D4/A) -4.000 200.000 1.73 -0.Total liabilities (B1 to B2) 1.10 2.Profit & loss account E.53% 0.93 998.714 15.681 50.00% 0.78 5.Profit/(loss) before taxation (4.88 10.51 -18.634 28.77 4.Cuurent assets to current liabilities (C1/B1) (times) 3.Non-current assets (a + b) D.64% 83. Money Ex (Pvt) Ltd.391 179.Cash & bank balances 23.387 158.00% 0.25% 6.55 -9.Admin.12% -2.41% -0.41% 1.64% -0.Return on assets (ROA) (D4/C) -3.154) 3.886 a.000 200.834 18.000 200.34 -0.678) 1.657 1.00% 0.944 21.396 33.886 b.72 -46.Other items 100 200 200 200 200 2.572 11.31% 10. of ordinary shares F.Cash generated from operating activities to current liabilities (E4/B1) (times) 156 .32% 1.Cash dividend 0.585 199.602) (7.Cash flow ratios 1.00% 3.520 7.40% 0.93 15.972 1.355 4.Current liabilities (Thousand Rupees) 2010 2011 2007 2008 2009 96.Financial Statement Analysis of Financial Sector Al-Hameed Intl.721 3.916 23.746 64.359 1.049 154 812 (176) 2.Cash & bank balances to total assets (C1a/C) 1.439 3.456) 5.909) 1.00% 0.46 990.659 7.31% 0. (E4/D4) (times) 2.74 992.852) (1.000 200.Break up value per share (A/E1) 968.822 23.Reserves 4.36% -0.894 54.36 1.94 1.319 59.Earning per share (D4/E1) G.06 -0.373 26.Accumulated profit (loss) 2011 (1.45% 0.451 54.597 61.168 52.826 4.265 177.27% 2.Cash generated from operating activities to profit after tax.83% 0.370 237.00% 0.90% 12.87% 89.Current assets(a + b) 44.40% 85.084) 4.846 198.105 59.89% 1.390) (19.13 0.

132 b.241 1.Total equity (A1 to A3) 1.264 3.97 99.Stock dividend/bonua shares 0.054 2.38 0.Return on capital employed (ROCE) (D3/C-B1) -0.037 1.84 1.306 664 2.054) (4. expense to profit before tax.168 6.054 2.65% 0.81 6.Other assets 32.37 525.Admin.Break up value per share (A/E1) I.87% 96.65% 0.17% 0.776 7.310 138.980 786 3.737 141.179) 0 (395) 0 - - 0 0 979 636 788 337 276 716 636 788 337 276 263 - - 0 0 C.610 4.85% 2.610 53.68% 99.Revenue 8.Others B. (E4/D4) (times) -21.Total assets (C1+C2) 194.84% 4.00% - - 0.727 3.875 1.409 4.39% 0.306 569 3.054 2.Share capital 2.Accumulated profit (loss) 2011 (4.Other assets 2.Other items 2.992 201.82 1.00% - - 0.Cash flow ratios 10.64 0.096 142.Total llabilities to total assets (B/C) 0.74% 0.547 60.28% 1.Administrative and general expense 5.Capital /lverage ratios 1.410 205.33 10.001 145.32% 0.167 1.42 1.957 7.10 1.69 97.Liquidity ratios H.15 -3.65% 68.14 2.50% 0.88% 2.481 4.Cash dividend 0.231 205.849) 3.Cash generated from operating activities to profit after tax.74 179.068) 4.00% 0.83% 68.616) E.No.Cash & bank balances to total assets (C1a/C) 73.583 139.291 1. of ordinary shares 4.15 -12.33% 1.Earning per share (D4/E1) -0.033 137.121 141.31 218.13% 99.130 199.58% 0.015 200.567 60.72 0.276 5.356 200.83% 99.537 51.28 1.61% 99.Return on equity (ROE) (D4/A) -0. Items A.320 6.443) 1.52 3.Current assets(a + b) 150.62% 0.76 4.Cash & bank balances b.00% (15.Reserves 4.Efficiency ratios/profitability ratios G.819 51.58 97.748) (6.568 205.Return on assets (ROA) (D4/C) -0.Fixed assets 10.169 2.662 201.Capital ratio (A/C) 2.65% 0.122 143.00% 0.57% 69.054 2.000 205.151 199.97 5.053 786 2.59% 0.28% 1.410 0 - - 0 (6.) Ltd.Profit/(loss) before taxation (1.80 3.57 0.21% 3.76 11.477 (8.80 2.Profit/(loss) after taxation (1.16 5.871 60.00% 3. (D2/D3) (times) -3.50% 99.578 51.Total liabilities (B1 to B2) 1.Cash generated from operating activities to current liabilities (E4/B1) (times) 157 .75% 0.334 8.783 D.68% 68.403 7.Non-current assets (a + b) a.550 1.410 205.Cash generated from operating activities F.712 2.Profit & loss account 619 (8.Financial Statement Analysis of Financial Sector Al-Rahim Exchange Company (Pvt.402) 1.06 421.354 59.719 43.06 97.72% 0.Current liabilities (Thousand Rupees) 2010 2011 2007 2008 2009 193.410 205.728 9.Cuurent assets to current liabilities (C1/B1) (times) 210.Non-current liabilities a.609) 7.141 140.47 5.000 2.450 201.

34 - 0.Others B.No.61 -0.Cuurent assets to current liabilities (C1/B1) (times) 3.76 - 9.) Ltd.00% 0.000 20.98% - 85.477 6.Break up value per share (A/E1) I.669 137.204 6.46% 9.069 - 31.12 - 0.96 2.Earning per share (D4/E1) G.Revenue 42.37% 1.581 200.Liquidity ratios 1.23% - 1.65 1.Share capital 2.468 - 2.Return on capital employed (ROCE) (D3/C-B1) -1.478 1.Other items 1.Administrative and general expense 44.421) 3.13% 17.069 - 31.67 9.182 1. Items A.48% 73.Capital ratio (A/C) 2.000 200.180 b.46 24.Efficiency ratios/profitability ratios 5.410 5.594 2.000 200.Cash generated from operating activities to profit after tax.366 54.454 133.058 - 0 2.77% 3.601 0 0 - 0 0 C.58 1.780 - 20.208 - 172.699 2.940 175.814 41.Profit & loss account E.77 - 0.26 - 5.Total equity (A1 to A3) 1. (D2/D3) (times) -18.Other assets 50.Financial Statement Analysis of Financial Sector Al-Sahara Exchange Company (Pvt.54% 98.28% - 67.548 3.87% 4.43 4.669 4.814 41.153 - 50.Non-current assets (a + b) D.455 4.Total assets (C1+C2) 195.02% - 14.00% 0.11 68.20% 0.Cash dividend 0.839 6.245 2.Capital /lverage ratios 1. expense to profit before tax.197 5.Return on equity (ROE) (D4/A) -1.13 0.40% 1.Fixed assets 5.00% 133.31 10.11 0. (E4/D4) (times) 53.26% 1.000 0 0 - 0 (7.Cash generated from operating activities F.Return on assets (ROA) (D4/C) -1.250 55.856 147.Current liabilities (Thousand Rupees) 2010 2011 2007 2008 2009 192.Reserves 4.87% 82.548 1.Cash generated from operating activities to current liabilities (E4/B1) (times) 158 .73% 96.27% 3.000 - 20.00% 0.00% 0.187 9.149 237.00 5.797 - 4.00% - 0.920 - 2.Total llabilities to total assets (B/C) 56.601 2.Admin.47% 68.269 - 2.073 - 52.000 2.335 195.Stock dividend/bonua shares 0. of ordinary shares 20.00% - 0.28 H.152 3.64 9.36 1.Cash & bank balances to total assets (C1a/C) 2.Other assets 2.Profit/(loss) before taxation (2.Cash flow ratios 1.370 55.Current assets(a + b) 139.000 - 200.779 181.162 3.599 39.419) 0 0 - 0 0 2.788) - (6.222 201.000 20.376 - 0 11.78 -50.477 6.00 0.728 a.428 - 151.35% 1.Cash & bank balances b.95% - 2.Non-current liabilities a.26% - 1.255) 3.Accumulated profit (loss) 2011 (4.745 195.13 0.95% 4.204 50.281 - 225.Total liabilities (B1 to B2) 1.321 39.173 50.72 - 0.212 - 193.00% 3.Profit/(loss) after taxation (2.15% 1.665) 0 (4.15% 2.639) 2.

No.92 - 9.Cash generated from operating activities to current liabilities (E4/B1) (times) 159 -0.71- 1.580 100.46 98.Profit/(loss) before taxation (821) - (4.10 0.81%- -4.Capital /lverage ratios 1.672- 64.Cash flow ratios 1.535 b.Break up value per share (A/E1) I.Administrative and general expense E.263 3.154 1.000- 10.Profit & loss account 1.Cash generated from operating activities F.000- 100.45% - 67.00% 3.46 H.Liquidity ratios 1. expense to profit before tax.Total llabilities to total assets (B/C) 58.Return on assets (ROA) (D4/C) -0. (E4/D4) (times) 2.582) 4.83% 4.672 0- 1.40% 9. of ordinary shares 10.457 2.00% 586- (5.Reserves (821) - 3.78 .Other items 1.83%- -4.Capital ratio (A/C) 2.306- 64.Non-current liabilities a.Cash generated from operating activities to profit after tax.15 1.Cash dividend 0.Total liabilities (B1 to B2) 1.84% 3.870- 95.207 a.691- 574 1. D Exchange Company (Pvt) Ltd.Cash & bank balances to total assets (C1a/C) 2.Cuurent assets to current liabilities (C1/B1) (times) 3.947 99.Total assets (C1+C2) 100.039) 1.Other assets 734- 25.37 5. (D2/D3) (times) -1.Financial Statement Analysis of Financial Sector D.420) 0- 0 1.Fixed assets 464- 4.Profit/(loss) after taxation (821) - (4.Revenue 821- 6.691- 574 0- 0 C.08- -0.00%- 0.Share capital 99.Current assets(a + b) 99.000 2.Others B. 2011 (Thousand Rupees) 2011 Items A.32% - 99.Admin.Accumulated profit (loss) 4.74% 4.00- -1.Other assets 2.86% 2.681 D.68% - 0.94 - 113.000 0- 2.Cash & bank balances b.Earning per share (D4/E1) -0.Stock dividend/bonua shares 0.Return on equity (ROE) (D4/A) -0.00%- 0.60% 98.599) 2.Total equity (A1 to A3) 1.198- 30.Current liabilities 0 (5.35 - -8.179- 94.Return on capital employed (ROCE) (D3/C-B1) -0.83%- -4.Efficiency ratios/profitability ratios G.Non-current assets (a + b) 366- 490 1.

130 111.984 297.Non-current assets (a + b) D.25 11.Admin.214 26.293 488.46 -468.59 H.97% 8.191) (36.Current liabilities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 163.810 92.000 3.581 267.Return on assets (ROA) (D4/C) -1.657 2.00% 0.Profit/(loss) before taxation (2.Break up value per share (A/E1) I.00% 0.700) 42.45 -2.290 1.Cash & bank balances to total assets (C1a/C) 2.016) 0 (2.Cuurent assets to current liabilities (C1/B1) (times) 3.196 50.03 2.00% 3.79 10.44 -0.44% 2.952) 478 8.991 15.Liquidity ratios 1.551 13.000 300.758 89.Cash generated from operating activities 11.88% 69.000 3.Capital ratio (A/C) 2.Others B.89 176.90 81.Efficiency ratios/profitability ratios 5. of ordinary shares F.59% 2.865 101.26% 43.159 202.886 28.859 204.00% 0.36 1.Share capital 2.Other assets 66.105 4.95 9.64 -1.994 98.Accumulated profit (loss) 4.00 -1.No.Return on capital employed (ROCE) (D3/C-B1) -1.00% 0.158 44.700 0 0 0 51.974 114.99% 0.723 1.49% 1.09% 94.05 1.Financial Statement Analysis of Financial Sector Dollar East Exchange Company (Pvt.Capital /lverage ratios 1.000 0 0 0 0 (36.830 319.Cash & bank balances 76.030 217.000 300.75% 58.663 b.796 176.00% 4. (D2/D3) (times) -21.795 294.060 82.Total equity (A1 to A3) 1.78 4.Return on equity (ROE) (D4/A) -1.820 362.18% 5.125) (30.822 61.Stock dividend/bonua shares 0.66 99.871 3.068) (41.715 36.030 216.869 18.32% 4.853 316.885 236.00% 0.Profit/(loss) after taxation (3.000 200.658 200.87 3.70 23.80% 30.) Ltd.000 200.713 11. (E4/D4) (times) 2.Total assets (C1+C2) 215.558 14.76% 19.85 4.00% 0.434 283.22 -0.79% 0.Other items 2.04% 3.399 117.691 51.69% 6.000 2.98% 4.Total llabilities to total assets (B/C) 2.342) 700 1.00% 0.28% 18.25% 41.930) (8.376 71.169 2.855 63.875 169.63 0.Earning per share (D4/E1) G.12 0.Fixed assets 32.252) 66 5.32 9.167 143.Cash generated from operating activities to profit after tax.626 84.023 145.406 105. expense to profit before tax.605 387.990 42.Cash flow ratios 1.744 135.09% 81.Cash dividend 0.21 2.03% 1.91% 5.862 90.248 104.Profit & loss account E.376 71.Current assets(a + b) 117.04 -0.Revenue 60.51% 0.700 2.22 -3.72 94.02% 56.12% 4.000 2.687 2.402 b.56 35.04% 3. Items A.473 126.Other assets 40.000 2.924 63.236 (30.Administrative and general expense 64.Total liabilities (B1 to B2) 1.94 84.29% 5.057 139.28% 5.91% 75.Non-current liabilities a.861 89.Cash generated from operating activities to current liabilities (E4/B1) (times) 160 .007 26.809 163.Reserves 3.566) (16.692 a.187 C.28 2.00% 0.504 0 0 1.182 16.349 1.09% 4.674 2.

253 19.683 92.273 156.00% 3. of ordinary shares 15.Financial Statement Analysis of Financial Sector Fairdeal Exchange Company (Pvt) Ltd.58% 5.846 205.26 10.Current liabilities (Thousand Rupees) 2010 2011 2007 2008 2009 151.20% 94.591 232.996 1.702 143.088 64.263) 13.Administrative and general expense 14.Liquidity ratios 1.45 9.230 11.000 C.069 10.178 17.70% 6.Current assets(a + b) 98.62 0.Accumulated profit (loss) 2011 (7.00% 0.944 14.331) 0 0 0 0 0 1.17% -1.00% 0.213 74.343 23.592 13.58 -58.Cash flow ratios 1.496 51.Capital ratio (A/C) 2.658 24.258 2.515 4.Total equity (A1 to A3) 1.72% -5.137 13.Break up value per share (A/E1) I.264) 2.58 9.17% -1.343 25.79% 4.000 200.190 8.Total llabilities to total assets (B/C) 50.Profit/(loss) before taxation 279 (3.83 H.539 20.24% 62.18% -1.02 -0.669 155.00% (53) (1.12 91.00% 0.10% 50.00% 0.109 66.602 (85.87 7.04% 0. expense to profit before tax.933 (3.000 200.920) 19.81 1.51% 58.20 0.402 1.Cash generated from operating activities to profit after tax.248 6.084) 1.00% 0.84 -2.485 134.Others B.00 161 .14 1.00% 0.460 206.Total liabilities (B1 to B2) 1.Total assets (C1+C2) 153.Cash dividend 0.22% 2.963 66.Fixed assets 13.860 120.61 8.Cash & bank balances b.032 14.Return on equity (ROE) (D4/A) 0.64 10.453 a.Earning per share (D4/E1) G.059) 4.248 206.516 192.16 0.670 61.70% 0.82 -5.21% -5.277) 12.33% 89.944 14.Other assets 41.376 67.59 1.08 -0.98% 2.Cuurent assets to current liabilities (C1/B1) (times) 3.Non-current assets (a + b) D.457 b. Items A.03 -0.Profit & loss account E.Other assets 2.47 0.Stock dividend/bonua shares 0.718 55.000 20.000 20.997 55.Capital /lverage ratios 1.191 27.Cash & bank balances to total assets (C1a/C) 2.467 0 0 2.685 (10.845 24.154) 0 (3.515 1.543 12.590 33.51 60.75 9.000 2.526 (10.22% 98.136 1.Other items 1.00% 0.512 135.832 3.326 137.134 69.79 13.000 3.000 20.467 1.503 167.983 13.Return on capital employed (ROCE) (D3/C-B1) 0.Admin.35 9.04% 3.Non-current liabilities a.07 8.069 12.27% 6.69% 6.81% -5.644 21.Revenue 14.27% 33.67% 10.Efficiency ratios/profitability ratios 4.No.93 0.448 201.Profit/(loss) after taxation 263 (3.Cash generated from operating activities to current liabilities (E4/B1) (times) -0.931 51.393 200.915 217.000 200.Reserves 4.Cash generated from operating activities F.80% 5. (D2/D3) (times) 5.Share capital 2.02% 97.000 2.00% 0.29 1.52% 1.000 0 0 0 0 5.515 2. (E4/D4) (times) -0.78% 9.933 196.29 2.Return on assets (ROA) (D4/C) 0.965 5.466 17.73% 93.373 17.877) 3.17% 67.

80% 47.Reserves 4.36% 0.59 9.899 41.343 40.72% 4.000 21.Cash & bank balances to total assets (C1a/C) 2.97% 0.00% 0.11% 4.Non-current assets (a + b) D.746 1.Cash generated from operating activities to profit after tax.24 3.38 H.077 4.Current liabilities (Thousand Rupees) 2010 2011 2007 2008 2009 191.05 0.000 210.000 21. Items A.192 76.09 1.997 113.31% 37.08 -10.810 b.79 0.Non-current liabilities 2.Other assets 14.532 2.76 1.00% 0.118 6.Efficiency ratios/profitability ratios G.157 85.786) 1.55% 99.63% 48.30% 0.878 100.95% -0.363 52.42 2.67 9.Revenue 28.40% 0.64% 99.817 a.068 93.Profit & loss account E.300 52.000 50.876 17.624 1.Administrative and general expense 32.) Ltd.Return on capital employed (ROCE) (D3/C-B1) -1.00% 0.493 210.00% 0.153 106.809 3.600 52.Total equity (A1 to A3) 1.580 6.95% 3.37 0.963 104.00% 0.Profit/(loss) after taxation (3.410 106.Profit/(loss) before taxation (3. expense to profit before tax.862 202.116 211.600 1.00% 0.997 4.24 131.618 44.Current assets(a + b) 79.058 2.971 118.04% 0.Break up value per share (A/E1) I.501 44.Cash generated from operating activities to current liabilities (E4/B1) (times) 162 .96% -0.279 210.58 143.04 -0.62% 9.807 a.979 209.No.Return on assets (ROA) (D4/C) -2.Cash flow ratios 1.00% 3.46 7.Total llabilities to total assets (B/C) 91.97 10.551 32.138) 3.737 92.Other assets 110.70% 99. (E4/D4) (times) 2.96% -0.118 6. of ordinary shares 20.110 54.662 109.55% 2.Admin.Cash generated from operating activities F.Other items 1.55% 2.73% 2.811 200.00% 0.Cash dividend 0.99 9.39% 40.20 0.00% 0.Total liabilities (B1 to B2) 1.09 128.000 210.Return on equity (ROE) (D4/A) -2.05% 0.708 210.43 123.851 209.000 210.765 33.19% 0.38% 99.45% 0.27% 0.Capital /lverage ratios 1.000 21.Stock dividend/bonua shares 0.Fixed assets 3.00% 362 1. (D2/D3) (times) -8.07 6.Total assets (C1+C2) 192.163 2.000 2.971 6.000 0 0 0 0 0 (149) (721) 811 (8.000 21.27% 0.76 20.60% 99.Financial Statement Analysis of Financial Sector Galaxy Exchange Company (Pvt.Cash & bank balances 64.55% 2.70 10.Cuurent assets to current liabilities (C1/B1) (times) 3.971 57.94 5.220 (572) 1.03 0.205 3.13 -102.929) 1.021) 0 0 0 0 0 868 729 642 837 813 868 729 642 837 813 0 0 0 0 0 C.Capital ratio (A/C) 2.500 38.730 203.714 6.Liquidity ratios 1.Others B.Accumulated profit (loss) 2011 (7.59 1.000 210.217 b.662 59.083 103.07 33.Earning per share (D4/E1) -0.220 (398) 1.Share capital 2.076 101.30 -0.000 61.123 40.60 29.

02% 83.218.52 2.69% 95.232 45.911 8.117 51.466 D.596 57.828 186.801 279.Administrative and general expense 40.Other assets 85.00% 0.570 20.000 0 25.128 114.267 83.52 1.800 57.Share capital 2.000 3.31 2.005 301.27 -3.113 436.598 12.66% 28.435 280.145 4. of ordinary shares F.77 0.630 1.Other items 300 300 300 300 300 2.Accumulated profit (loss) 4.931 16.Revenue 67.146) 10.019 300.891 2.948) 56.683 101.98% 16.27 14.00% 4.636 21.21 4.00% 3.245 17.959 33.048 0 0 1.97% 73.78% 35.83 186.Current liabilities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 348.016 12.836 69.Other assets 2.Capital ratio (A/C) 2.801 (20.85 1.Total llabilities to total assets (B/C) 5.787 26.000 300.382 E.723 20.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.162.00% 0.270 (68.314 1.370 55.Liquidity ratios 1.64% 16.80% 5.854 335.688 (182.649 94.Return on equity (ROE) (D4/A) 3.000 65.28 2.00% 0.24 3.354 121.117 51.90 -229.00% 0.762 81.67 932.Cash generated from operating activities to profit after tax.Cash & bank balances to total assets (C1a/C) 2.Stock dividend/bonua shares 0.Non-current liabilities a.00% 0.834 11.31% 4.918 331.38% 85.94 73.913 365.427 309.804 49.00% 0.Cash generated from operating activities 15.870 (105.Return on capital employed (ROCE) (D3/C-B1) 5.52% -24.425 b.77% 72.654 395.730 199.Others B.No.49% 15.00% 0.152 16.674 20.Cash flow ratios 1.000 300.382 10.019 0 0 0 0 0 59.119.25% 8.75% 1.000 45.Cuurent assets to current liabilities (C1/B1) (times) 3.73 H.56% 3. (E4/D4) (times) 1.188 132.65 2.84 0.19% 6.28% 2.84 5.719 155. expense to profit before tax.Total equity (A1 to A3) 1.25% 85.200 71.913 20.Admin.083 44.00% 0.Financial Statement Analysis of Financial Sector H & H Exchange Company (Pvt.000 45.Efficiency ratios/profitability ratios 1.000 300.41% 70.08 67.65 1.Current assets(a + b) 309.) Ltd.51% 84. (D2/D3) (times) 5.06% 2.Fixed assets 12.86 99.076 C.71 1.93 1.143 1.105 342.341 98.28 -1.800 3.Profit/(loss) after taxation 12.589) 164.68 40.Profit & loss account 1.431 322.28 1.Return on assets (ROA) (D4/C) 3.364 1.008 94.286.Earning per share (D4/E1) G.79 1.574 2.636 386.62% 14.Profit/(loss) before taxation 17.881 403.454 93.66% 4.01% -20.Non-current assets (a + b) a.66 163 .438 81.410 82.12% -37.000 300.252 300.059 29.800 59.19% 12. Items A.Capital /lverage ratios 1.968 117.69% 8.Total assets (C1+C2) 407.Cash & bank balances b.79% 14.54 1.Break up value per share (A/E1) I.Total liabilities (B1 to B2) 1.90 19.726 89.275 292.Cash dividend 0.Reserves 3.13% 5.124 59.384) 95.

486 21.113 202.437 504.21 1.Return on capital employed (ROCE) (D3/C-B1) 0. of ordinary shares 21.486 40.Return on assets (ROA) (D4/C) 0.00 0.227) 28.912 37.04% 12. expense to profit before tax.588 10.Other assets 2.34 13.196 42.065 74.043 214.03% 9.Cash flow ratios 1.Administrative and general expense E.692 115.Total llabilities to total assets (B/C) 21.Profit & loss account 6.43% 39.Financial Statement Analysis of Financial Sector Habib Currency Exchange (Pvt) Ltd.28 20.Earning per share (D4/E1) G.52% 74.603 10.546 21.10% 1.153 131.11% 3.63% 4.00% 8.98% 61.Capital ratio (A/C) 2.042 425.618) (9) (274) 0 0 0 9.650 5.50 44.80 0.983 119.00% 15.422 135.Non-current assets (a + b) D.00% 0.140 C.Fixed assets 6.000 2.614 105.642 221.Cuurent assets to current liabilities (C1/B1) (times) 3. (E4/D4) (times) 2.Cash generated from operating activities to profit after tax.00% 0.04 4.12% 4.58% 7.642 a.Return on equity (ROE) (D4/A) 0.40 1.771 1.829 210.304 65.151 b.125 93.Capital /lverage ratios 1.Profit/(loss) before taxation 309 6.817 1.00% 0.116 2.92 6.72% 1.84 -0.69% 66.298 41.447 10.91% 18.621 1.090 61.79% 7.Break up value per share (A/E1) I.865 214.36 1.Other items 4.24% 3.131 8.358 115.911 105.Other assets 481 3.36% 3.865 400.No.766 (19.347 4.00% 0.19 -1.14% 97.422 535.01 0.978 364.236 209.43 4.00% 0.849 65. Items A.000 400.03% 30.90% 98.400 (14.000 0 0 0 0 0 45.322 78.00% 3.781 3.865 214.862 7.Admin.618 4.Cash & bank balances b.Cash & bank balances to total assets (C1a/C) 2.38 36.55% 9. (D2/D3) (times) -46.629) 3.247 259.Non-current liabilities 17.625 16.Accumulated profit (loss) 2011 (5.793 a.42 2.588 10.00% 0.Others B.990 493.486 21.613 52.952 184.391) 59.Share capital 2.066 35.76% 9.24 H.Total liabilities (B1 to B2) 1.Reserves 4.Current liabilities (Thousand Rupees) 2010 2011 2007 2008 2009 200.588 0 0 247 524 1.976 77.732 59.674 91.97% 95.043 (14.369 14.012 50.15% 3.66 38.742 48.Current assets(a + b) 202.57 0.200 10.32 9.Revenue 2.71 1.Stock dividend/bonua shares 0.90 0.Total equity (A1 to A3) 1.773 230.86% 2.385 54.74 12.000 40.079 9.23 10.45% 90.44 0.10 12.31% 19.692 127.78% 2.00% 0.968 130.546 21.Cash generated from operating activities to current liabilities (E4/B1) (times) 164 .025 545.04 8.781 10.769 310.745 388.Liquidity ratios 1.55 1.52% 9.Total assets (C1+C2) 209.728 9.Cash dividend 0.Profit/(loss) after taxation 236 9.75 4.00% 0.716 7.48 0.Efficiency ratios/profitability ratios 5.Cash generated from operating activities F.561 270.76% 96.

000 20.658 180.Current assets(a + b) 95.137 20.330) 70.836 1.00% 3.491 362.Non-current liabilities 2.95% 12.386 122. Items A.087 4.884 2.00% 0.68 5.58% 7.063 24.037 b.Return on equity (ROE) (D4/A) 5.78 19.Revenue 2.516 47.01 2.069 a.69% 25.622 120.00% 0.Other items F.Share capital 2.05% 94.685 345.03 1.965 1.Profit/(loss) after taxation 7.968 b.Reserves 3.67 12.56% 89.368 50.11 2.00% 0.000 20.818 153.170 173.222 5.70 1.Profit/(loss) before taxation 7.785 89.614 100.55% 40.73 3.481 69.600 13.614 1.28 16.204 60.80% 23.732 34.000 200.Fixed assets 6.25 -130.376 80.64% 17.00% 0.325 59.014 245.743 99.04 13.904 58.86 2.No.Total liabilities (B1 to B2) 1.Cash & bank balances 44.288 175. expense to profit before tax.Cuurent assets to current liabilities (C1/B1) (times) 3.288 375.915 31.000 200.Financial Statement Analysis of Financial Sector Habib Qatar International Exchange Pakistan Ltd.822 236.003 26.037 146.17% 5.89% 10.555 6.020 409.Other assets 25.124 24.Current liabilities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 121.Return on assets (ROA) (D4/C) 5.07 4.56% 2.000 2.330 1. of ordinary shares 10.737 328.370 24.83 -0.204 275.149 38.01 18.02% 23.40% 12.Capital ratio (A/C) 2.23 3.64% 4.101 32.65% 85.Cash flow ratios 165 .014 45.000 0 0 0 0 0 21.00% 0.657 166.654 126.Total equity (A1 to A3) 1.569 83.565 C.549 25.57% 8.Cash generated from operating activities to current liabilities (E4/B1) (times) -0.211 0 0 0 0 5.10 12.Cash generated from operating activities to profit after tax.622 320.51% 45.00% 0.57 1.198 27.Cash & bank balances to total assets (C1a/C) 19.Earning per share (D4/E1) 0.608 74.35% 14.746 29.238) (3.Break up value per share (A/E1) I.31% 18.209 62.42% 92.Stock dividend/bonua shares 0.Others B.96% 21.867 442.Other assets 51.461 160.767 a.Cash generated from operating activities (1.658 380.Total assets (C1+C2) 127.Profit & loss account 7.Return on capital employed (ROCE) (D3/C-B1) 5.15 9.52 1.71 1.Cash dividend 0.Accumulated profit (loss) 4.17 -138.84% 10.29% 3.666 70.419.00 2.96 -0. (E4/D4) (times) -0.473 142.177 27.000 200.971 274.926 4.700 15.173 30.080 162.073 18.Administrative and general expense E.Non-current assets (a + b) D.Efficiency ratios/profitability ratios G.000 20.25 34.17% 8.918 54.42 2.61% 1.29% 35.283 81.000 20.12 1.41% 53.810 89.00% 0.000 200.553 189.657 743 2.457) (17.02 6.05 0.00% 4.355 3.49% 10.83% 91.030 201.73% 6. (D2/D3) (times) 2.180 26.Total llabilities to total assets (B/C) H.203 50.730 2.Capital /lverage ratios 1.Admin.408 50.Liquidity ratios 1.23 1.00% 0.

000 10.000 100.194 (2.Other assets 534 351 169 99 0 1.458 4.53% 8.72 0.000 100.15 0.67% 3.00% 0.647 3.76 1.695 1.642 100.000 2.Profit & loss account E.901 4.50 0. expense to profit before tax.455 1.52 -0.16% 97.82% 0.813 8.Cash dividend 0.297 17.899 2.Financial Statement Analysis of Financial Sector SIBL Exchange Co.617 2.066 805 556 b.322 4.636 109.088) 2.517 1.537 99.Cash generated from operating activities to profit after tax.480 2.00% 0.101 113.080 3.235 904 556 a.Cash generated from operating activities F.00% 0.Admin.581 3.842 9.636 9.Total llabilities to total assets (B/C) H.00% 0.14% 92.000 10.Accumulated profit (loss) 4.83 0.71% 3.92 0.29 0.841 1.Other items 4.642 0 0 0 0 0 8. Items A.244 110.492 8.96% 0.Other assets 2.217 12.000 0 0 0 0 0 2.00% 3.86% 10.144 3.074 947 936 99.000 100.77% 2.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.Return on assets (ROA) (D4/C) 1.871 3.36 0.Administrative and general expense 3.993 3.Liquidity ratios 1. (E4/D4) (times) 3.175 114. of ordinary shares 10.858 3.73 0. (D2/D3) (times) 1.92 11.Break up value per share (A/E1) I.315 8.000 10.61 -0.03% 3.28 10.31 0.208 1.264 120.502 8.Profit/(loss) after taxation 1.410 115.018 3.00% 0.77% a.Non-current assets (a + b) D.918 4.80 31.779 5.60 5.458 4.13% 4.Profit/(loss) before taxation 2.05% 0.60% 3.70 0.Stock dividend/bonua shares 0.No.317 119.Efficiency ratios/profitability ratios G.17% 2.73 0.779 105.085 111.74% 3.000 10.217 112.168 121.40 2.84% 2.871 3.23 11.07% 4.60% 3.344 1.824 5.469 5.56 10.49% 3.Others B.144 3.Revenue 6.237 109.82 39.33% 2.Total liabilities (B1 to B2) 1.40% 96.Total assets (C1+C2) 111.19% 2.Cash flow ratios 166 .Fixed assets 1.30% 5.Cuurent assets to current liabilities (C1/B1) (times) 3.37 8.297 117.41 2.23% 97.00% 0.813 0 0 0 0 0 C.23% 5.28% 2.561 3.963 2.Return on equity (ROE) (D4/A) 1.780 112.601 4.Total equity (A1 to A3) 1.00% 0.99 0.08 34.Capital /lverage ratios 1.Share capital 2.Cash & bank balances to total assets (C1a/C) 12.Reserves 3.43% 2.193 2.Current liabilities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 102.733 1.82 0.193 2.71 7.Non-current liabilities 9.89 26.00% 5.Cash & bank balances b.674 1.Current assets(a + b) 109.26% 4.00% 0.Capital ratio (A/C) 2.82 0.51% 96.474 2.Earning per share (D4/E1) 0.Return on capital employed (ROCE) (D3/C-B1) 2.839 1.116 9.000 100.029 108.

07 0.10% 30.Cuurent assets to current liabilities (C1/B1) (times) 3.568 39.09% 63.80% 4.Return on capital employed (ROCE) (D3/C-B1) -0.424 18.957 314. of ordinary shares 4.000 200.Return on equity (ROE) (D4/A) -0.Non-current assets (a + b) D.295 a. (E4/D4) (times) 0.Administrative and general expense E.527 178.245 43.Other items 200 200 200 200 200 2.721 209.277 98.00% 0.Liquidity ratios 1.718 134.82% 22.Total equity (A1 to A3) 1.28 6.271 83.458 13.76 -1.90% 69.639) 39.Total liabilities (B1 to B2) 1.12 1.781) 803 4.058 15.92% H.Current assets(a + b) 117.402 216.974 22.089 52.Cash & bank balances b.62 1.497 1.802 b.856 52.202 33.00% 0 17.00% 0.458 213.43% 89.178 25.292 200. expense to profit before tax.69 -22.00% 0.000 200.033 52.37% 3.23% 4.Fixed assets 48.00 4.06% 2.00% 0.37% 89.10% 1.028.Total assets (C1+C2) 217.42 1.57% 10.375) 22.109 61.528 37.300 1.Share capital 2.304 (79.768 25.076.383 24.78 3.00% 0.374 13.61 1.533 96.93% 1.Cash flow ratios 167 .Non-current liabilities a.959 64.05 2.851 44.08% 1.301 1.Earning per share (D4/E1) G.46 1.013 194.37% 2.906 100.069.Cash generated from operating activities to profit after tax.00% 0.Capital ratio (A/C) 2.774 9.12 17.Stock dividend/bonua shares 0.137 (4.424 218.Return on assets (ROA) (D4/C) -0.Financial Statement Analysis of Financial Sector Money Link Exchange Company (Pvt) Ltd.21% 69.14% 0.300 0 0 C.53% -1.38 53.87 4.466 45.006 106.709 9.883 215.29% 4.555 98.Cash dividend 0.63% 10.00% 0.73 6.09% 1.274 23.092.959 64.369 7.244 46.344 121.Efficiency ratios/profitability ratios 5.061 59.253 8.89 3.Break up value per share (A/E1) I.44 5.000 0 0 0 0 0 5.00 0.18% 77.02 48.29 1.Profit & loss account 16.009 1.233 94. (D2/D3) (times) 153.842 279.58 9.19 2. Items A.574) 803 1.87 45.77 4.Reserves 3.878 25.78 0.721 9.Cash & bank balances to total assets (C1a/C) 2.Cash generated from operating activities F.173 3.Admin.Revenue 2.692 51.144 154.Current liabilities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 205.00% 0.No.Profit/(loss) after taxation (207) 3.Other assets 2.009 10.781 220.153 24.Capital /lverage ratios 94.88 -3.04 18.Others B.90% -1.300 1.883 15.Profit/(loss) before taxation (126) 4.925 39.Total llabilities to total assets (B/C) 64.78% 52.000 200.344 201.77 -10.91% 0.100 11.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.49% 10.Other assets 52.292 0 0 0 0 0 12.41 49.995 232.000 200.00% 3.62% 2.493 2.Accumulated profit (loss) 4.047.77% 0.955 (3.974 (19.636 239.18% -2.

59% 42.626 822.000 300.610 46.33 6.90% 6.160 194.Cash generated from operating activities F.35% 25.244 300.26 0.724 120.82% 21.569 126.221 50.327 1.437 806.Share capital 2.78 7.000 30.47% 63.10 17.751 794.09% 28.491 105.420) 14.Financial Statement Analysis of Financial Sector NBP Exchange Company Ltd.000 30.743 32.82 18.000 300.117 62.00% 0.Others B.247 607.869 1.69 31. (D2/D3) (times) 0.Non-current liabilities 340.26% 3.00% 0.40 0.057 53.877 117.72% 7.53% 36.Cash & bank balances to total assets (C1a/C) 2.Current assets(a + b) 712.26% 6.712 56.773 190.648 1.66 -1.Total llabilities to total assets (B/C) 41.123 107.65% 21. expense to profit before tax.552 b.Revenue 25.91% 68.320 22.86 12.278 12.00% 2.357 189.000 30.490 234.Fixed assets 10.379 215.482 101.Capital /lverage ratios 1.338 126. Items A.28 3.Other items 4.Earning per share (D4/E1) 0.09 0.00% 0.596 255.144 98.Total liabilities (B1 to B2) 1.104 1.024 (27.08 17.147 13.72% 2. (E4/D4) (times) 0.229 10.596 555.Profit/(loss) after taxation 29.24 0.Cash generated from operating activities to profit after tax.Other assets 95.388 585.22% 12.86 1.892 512.789 1.25 0.343 91.Reserves 3.34 0.407 b.000 0 0 0 0 0 175.892 212.331 11.500 603.831 62.74% D.657 450.14% 3.62% 5.Total equity (A1 to A3) 1.Other assets 452.Return on capital employed (ROCE) (D3/C-B1) 4.837 28.Non-current assets (a + b) a.773 836.Cash & bank balances 260.200 2.56% 4.739 62.42% 58.525 379.127 C.686 11.841 229. of ordinary shares 30.23 5.Profit & loss account E.73% 2.000 300.Current liabilities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 475.82% 15.Return on assets (ROA) (D4/C) 3.296 43.75% 4.27 12.227 876.Administrative and general expense 26.00% 0.139 9.055 43.898 a.Profit/(loss) before taxation 35.024 16.131 100.000 300.Cash flow ratios 168 .Liquidity ratios 1.Admin.No.68 2.533 2.00% 0.74 0.57 0.Cash dividend 0.813 86.Break up value per share (A/E1) I.891 2.64% 2.454 125.36% 8.Return on equity (ROE) (D4/A) 6.00% 0.41% 57.339 1.Total assets (C1+C2) 818.00% 0.490 534.75 0.739 362.283 301.Cash generated from operating activities to current liabilities (E4/B1) (times) 1.106 20.00% 0.Stock dividend/bonua shares 0.51 1.86% 58.Efficiency ratios/profitability ratios G.561 71.55 0.81% 7.14 -0.527 16.117 109.244 0 0 0 0 22.273 793.68 7.Cuurent assets to current liabilities (C1/B1) (times) 389.38 0.745 775.99 1.81 0.703 4.Capital ratio (A/C) 2.81% 4.650 3.634 732.000 30.13 H.31% 2.000 2.648 262.417 891.457 1.Accumulated profit (loss) 4.218 342.488 513.14% 41.497 24.00% 3.

86% 65.78% -7.58% 98.525 b.248 1.Non-current assets (a + b) D.000 2.00% 0.289 (13.472 3.445) (9.60 56.571 67.Return on assets (ROA) (D4/C) 0.Total equity (A1 to A3) 1.000 200.000 2.Reserves 3.Total liabilities (B1 to B2) 1.Capital /lverage ratios 1.Profit/(loss) after taxation 202 178 3.60 112.10% 0.09% -5.144 51.614 200.82 -10.802 33.479 12.01 1.03% 40.83 95.48% -7.061) 30.Capital ratio (A/C) 2.Administrative and general expense 12.00% 0.047 65.63% 45.00% 3.Cash & bank balances to total assets (C1a/C) 2.32 1.781 203.Non-current liabilities a.00% 0.739 32.55 3.458 138.179 13.771 1.64 -6.089 122.89% 98.Cash & bank balances b.816 199.Current liabilities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 199.530 191.296 a.462 222.823 180.420 64.046 1. of ordinary shares 20.25 70.000 200.Accumulated profit (loss) 4.09% 1.133 1.10% 2.Break up value per share (A/E1) I.461) (9.00% 0.15% 0.97% 8.00% 0.87 -129.544 3.Cash generated from operating activities (2.30% 91.500 1.952 115.679 21.Other assets 51.00% 4.62% -7.Financial Statement Analysis of Financial Sector Noble Exchange International (Pvt) Ltd Items A.68 -0.81 -11.326 (15.91 90.81 H.500 1.162 32.966 18.Liquidity ratios 1.Efficiency ratios/profitability ratios 4.496) 1.59% 0.11% 0.70 3.Other items F.Return on equity (ROE) (D4/A) 0.Current assets(a + b) 139.Other assets 2.891 155.35% 98.081 125.Cash generated from operating activities to current liabilities (E4/B1) (times) 169 .665 4.297 109.98% 2.200 3.200 1.000 200.Stock dividend/bonua shares 0.00% 0.801) (23.65 8.No.Cash flow ratios 1.Profit & loss account E.024 21.905 23.735 9.438 19.14 0.78% 97.000 2.966 18.Earning per share (D4/E1) G.56 9.00 101.32 -0.73 1.10% 0.Cuurent assets to current liabilities (C1/B1) (times) 3.03% 3.000 2.000 200.Revenue 13.Total llabilities to total assets (B/C) 40.Return on capital employed (ROCE) (D3/C-B1) 0. (D2/D3) (times) 5.Fixed assets 14.046 1.284 (10.31 -13.434 0 0 0 0 0 C.323 64.682 (13.64 94.465 1.329 7.000 1.000 0 0 0 0 0 (184) (4) 3.528 12. expense to profit before tax.05% -5.12 82.174 2.386) 1.27% 59.59 -2.924 64.465 1.032 118.73 -4.487 11.494 46.26% 54.01 0.Profit/(loss) before taxation 312 342 5.99 10.Cash dividend 0.177) (19.137) 4.892 52.00% 0.956 183.133 1.Cash generated from operating activities to profit after tax.437 52.Others B.Admin.70 -1.092 54.284 189.09% 1.000 20.69% 0.56% 9.996 203.01% -5.029 1.00% 0.110 127.859 20.Total assets (C1+C2) 204.964 92.95 1.209) 1.17% 2.Share capital 2. (E4/D4) (times) 2.434 3.

000 250.373 193.Total liabilities (B1 to B2) 1.214 4.17% 77.89 3.00 0.983 0 83.Return on assets (ROA) (D4/C) -32.114 60. expense to profit before tax.Non-current liabilities a.Profit & loss account E.Total assets (C1+C2) 173.190 72.Cash flow ratios 170 .406 2.31 20.86% 37.663) (44.000 0 0 0 0 0 (55.Stock dividend/bonua shares 0.326 33.617) (55.Other assets 33.92% 1.Revenue 10. Items A.358 65.487 2.62 109.667 58.32 8.Other items 2.04% 0.603 186.752 126.Cash & bank balances b.556 1.000 2.668 89.394 45.42% 22. (D2/D3) (times) 5.329 98.403 3.927 a.Reserves 3.19 72.779 2.Share capital 2.339 2.128 69.603 111.30% 1.00 0.845 68.413 49.096 124.000 200.Total llabilities to total assets (B/C) 0.98 2.Cash dividend 0.12% 2.11 31.41 64.Return on capital employed (ROCE) (D3/C-B1) -16.82 -27.Total equity (A1 to A3) 1.379 148.05% -1.41% 45.000 2.00% 0.00% 0 0 0 0 0 1.000 200.028 67.00% 0.30 1.Fixed assets 65.000 2.Admin.00 0.23% 0.41% 0.948 56.Others B.444 1.30% 0.00% 3.Administrative and general expense 40.Profit/(loss) before taxation (28.85 17.Profit/(loss) after taxation (55.672 39.230 238.Capital ratio (A/C) 2.773 73.22 0.32% 3.927 2.630 0 40.012 8.00 H.96 32.Cash generated from operating activities F.279 b.44% 3.81% 0.07% 1.Financial Statement Analysis of Financial Sector P B S Exchange Company (Pvt.Liquidity ratios 1.700 1.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.No.00% 0.546 115.) Ltd.00% 0.41 73.Non-current assets (a + b) D.399 75.75% 46.026 41.400 55.383 144.25% 1.39% 33.183) (53.562 1.Current assets(a + b) 74.648 1.70% 75.528 125.78 0.Other assets 2.337 205.Break up value per share (A/E1) I.77% 72.19 74.Efficiency ratios/profitability ratios 4.817 146.469 66.00 0.241 57.75% 15.452 3.Cash & bank balances to total assets (C1a/C) 42.327 C.483 0 45.298 242. (E4/D4) (times) 0.81 0.00% 0.00% 0.25% 84.Earning per share (D4/E1) G.710 123.Current liabilities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 144.Accumulated profit (loss) 4.Capital /lverage ratios 1.17 82.743 200.56 20.893 62.500 2.60% 2.943 4.00 2.183 0 0 737 41.148 68.668 6.000 200.958 7.23% 83.410 61.370) 644 2.724 59.00% 0.134 113.00% 0.30% 3.616) 434 1.82% 3.257) 28.635 3. of ordinary shares 4.621) (51.00 0.35% 1.957 737 573 1.207 110.75% 62.961 36.000 2.68 40.52% 0.00 0.Cash generated from operating activities to profit after tax.00 0.00 0.Return on equity (ROE) (D4/A) -38.Cuurent assets to current liabilities (C1/B1) (times) 101.

Cash & bank balances to total assets (C1a/C) 2.979 435.090 436.Total assets (C1+C2) 339.867 204.Profit/(loss) before taxation 4.405 400.Other assets 50.61% 2.739) (6.252 430.000 400.59% 0.No.550 b.34 41.Other assets 148.63 0.22 25.Share capital 2.90% 4.44 -1.Cash & bank balances 123.00% 0.37 1.62% 91.Fixed assets 16.079 52.Cuurent assets to current liabilities (C1/B1) (times) 3.971 413.776 b.43 102.77 1.441 (1.66 309.58 0.598 544.23 31.36 1.78% 58.Profit/(loss) after taxation E.197 52.093 20.05 0.981 17.247 222.01 -10.441 200.00% 0.687 12.160 25.696 129.000 2. expense to profit before tax.Other items 2.Capital /lverage ratios 1.00% (127.Total equity (A1 to A3) 1.71% 1.550 556.28% 40.000 300.31% 3.20 104.946 608.990 62.00% 0.02 15.912 a.178 70.100 1.84 6.68% 34.Cash generated from operating activities to current liabilities (E4/B1) (times) -0.55% 44.546 75.13 -1.Break up value per share (A/E1) I.540 400.Total llabilities to total assets (B/C) H.904 382.093 320.268) 19.972 19.49 103.971 13.Cash flow ratios 171 . (D2/D3) (times) -149.Stock dividend/bonua shares 0.539 3.88 36.406 208.562 1.Financial Statement Analysis of Financial Sector Pakistan Currency Exchange Co.00% 0.Earning per share (D4/E1) G.673 52.696 35.168 633.425 167.000 2.403 353.03% -1.877 1.Non-current liabilities 2.69% 60.977 459.43% 5.000 2.Accumulated profit (loss) 2011 0 0 0 0 0 140.06% 68.05 160.32 2.Efficiency ratios/profitability ratios 5.394 C.877 (7.136 67.00% 3.Total liabilities (B1 to B2) 1.00% 0.27 13.443 84.22% 99.01% -1.240) 5.31% 39.77% 4.62 2.13 20.313 9.650 8.48% 0.Return on capital employed (ROCE) (D3/C-B1) -0.796 (753) 8.37% 3.404 267.97% 1.069 152.636 17.Non-current assets (a + b) D.380 18.915 286.362 209.Revenue 109.95 -0.Administrative and general expense 112.770 32.90 2.579 237.275 273.63% 2.08 2.Cash generated from operating activities F.40 1.82% 2.413 (3.Profit & loss account 3.00% 0.Cash generated from operating activities to profit after tax.000 200.406 8.000 0 0 0 0 0 4.650 a.Return on equity (ROE) (D4/A) -1.099 255. Items A.936 2. of ordinary shares 4.552 416.Current assets(a + b) 272.619 108.727 5.13 5.246 686.133) 3. (Pvt) (Pakistan) Ltd.78% 49.Admin.659 83.503 523.00% 0.529) 2.491 36.96% 2.570 88.037 46.43 -1.38% 8.10% 4.801 221.Others B.767 310.Capital ratio (A/C) 2.000 200.573 97.364 1.32% 65.Reserves 4.Liquidity ratios 1.079 90.Current liabilities (Thousand Rupees) 2010 2011 2007 2008 2009 198.85% 66.22% 50.000 2.Return on assets (ROA) (D4/C) -0.730 9.121 134.000 4.Cash dividend 0.00% 0.075 312. (E4/D4) (times) 39.

656 (299) 9.441 (6.Others B.000 200.20 10.091 3.00% 0.464 b.71% -1.452 a.Cash & bank balances 25.Financial Statement Analysis of Financial Sector Paracha International Exchange Items A.00% 0.35% 14.19% 45.466 76.Cash & bank balances to total assets (C1a/C) 19.43% 17.34 2.31 2.Earning per share (D4/E1) G.48% -1.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.027 79.608 1.819 187.749 106.00% 0.849 12.474 56.86 1.000 200.008) 0 0 0 0 0 4.721 2.08 0.391 25.Cash generated from operating activities to profit after tax.156 a.097 27.Current liabilities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 162.Current assets(a + b) 85.Efficiency ratios/profitability ratios 4.119 53.Liquidity ratios 1.026 91.815 27.86 9.35% 2.Total assets (C1+C2) 166.794 201.37% 8.Admin.11% 0.82% 68.50% 5.537 168.Revenue 2.696 (2.19 1.Cash flow ratios 172 .739 35.000 0 0 0 0 (37.324 289.Other assets 77.667) (10.026 91.461 11.00% 3.153 87.800) 10.00% 0.000 20.616 0 0 0 0 0 C.242 262.Total llabilities to total assets (B/C) H.05% 1.Break up value per share (A/E1) I.01 0.Total equity (A1 to A3) 1.Non-current assets (a + b) D.00% 0.63% 97.470) (11.49 9.18% 31.45 -26.35 9.94% -0.Capital ratio (A/C) 2.Profit/(loss) before taxation 3.279 694 1.37 1.00% 0.67% 5.49 -120.34% 78.190 6.Capital /lverage ratios 1.992 200.117 130.019 197.29% 13.00% 0.787 121.92 -7.07% 4.76% 40.435 b.Other assets 59.66% 21.16% 4.84 2.37 -0.Return on assets (ROA) (D4/C) 2.486 (2.420 37.260 124.00% 3.70 -0.597 33.Return on equity (ROE) (D4/A) 2.Accumulated profit (loss) 4.Profit & loss account 6.000 200.Cash generated from operating activities F.000 200.51 0. of ordinary shares 20.138 250.604 3.702) 0 (2.14 0.878 125.097 17.128) 36.784 35.Return on capital employed (ROCE) (D3/C-B1) 2.423 75.Cash dividend 0.298 197.000 2.21% 0.215 182.19% 3.Non-current liabilities 2.988 81.902 78.043 61.737) 28.981) (2.33% 94. expense to profit before tax.00 2.181) (12.27 41.692 1.963 80.66% -1.352) E.000 20.05 0.327 74.03 15.48 0.Profit/(loss) after taxation 3.747 103.Stock dividend/bonua shares 0.Total liabilities (B1 to B2) 1.35% 11.294 4.Cuurent assets to current liabilities (C1/B1) (times) 3.00% 0.616 4.119 53.423 75.43 2.68 -0. (E4/D4) (times) 1.Administrative and general expense (2.90 1.Share capital 2.797 36.333 189.000 20.641 114.99 -0.Other items 4.131 22.817 22.000 20.936 75.32% 71.No.Reserves 3.68% 28.744 59.24% -1. (D2/D3) (times) 5.72% 41.73 2.786 68.461 11.12 9.Fixed assets 3.

Profit/(loss) after taxation E.Earning per share (D4/E1) -7.Return on equity (ROE) (D4/A) -12.Other items 1.Accumulated profit (loss) 0 4.18% 3.00% (10.Non-current liabilities C.929 54.48 1.Total llabilities to total assets (B/C) H.Share capital 0 2.51% 1.Financial Statement Analysis of Financial Sector Paragon Exchange Company (Pvt) Ltd.Capital ratio (A/C) 92.87% 1.Cash generated from operating activities to profit after tax.237 2.00% 3.000 1.Revenue 11.111 1.Other assets 37.00 5.Stock dividend/bonua shares 0.29 G.Administrative and general expense (11. of ordinary shares 2.Cash generated from operating activities to current liabilities (E4/B1) (times) 173 .Admin.293) 4.333 1.Return on capital employed (ROCE) (D3/C-B1) -7.Non-current assets (a + b) a.190) 3.821) 4.Total assets (C1+C2) 93.Cash & bank balances 1.Total equity (A1 to A3) 100.Break up value per share (A/E1) I. 2011 (Thousand Rupees) 2011 Items 92.897 a.Cash dividend 0.Profit/(loss) before taxation (7.889 2.Cash generated from operating activities F.000 1.77% 3. expense to profit before tax.Reserves (7.Total liabilities (B1 to B2) 1.293) 3.818 1.111 B.Capital /lverage ratios 98.Other assets 29.Current liabilities 0 2.34 2.Cuurent assets to current liabilities (C1/B1) (times) 1.630 b.Efficiency ratios/profitability ratios -7. (E4/D4) (times) -9.No.259 D.Return on assets (ROA) (D4/C) 4.Fixed assets 8.82% 1.71 2.Current assets(a + b) 55.Cash & bank balances to total assets (C1a/C) 50. (D2/D3) (times) -1.032 b.Profit & loss account 47.Liquidity ratios 58.707 A.74 2.Cash flow ratios 1.07% 2.Others 1.

38 H.00% 0.74% 27.329 109.050 116.000 200.543 21.522 196.Cash & bank balances 52.422 452.Stock dividend/bonua shares 0.815 244.Cash flow ratios 1.Current liabilities (Thousand Rupees) 2010 2011 2007 2008 2009 96.No.32% 16.478 1.000 2.925 b.929 109.Accumulated profit (loss) 2011 0 0 0 0 0 4.51 5.000 2.Non-current assets (a + b) D.18% 0.00% 0.93 -0.384 24.Cash dividend 0.900 120.000 2.93% 49.07% 50.69 2.00% 0.571 10.747 216.59 2.059 205.968 14.700 100.Share capital 2.49 12.753 39.Revenue 10.26% 0.Break up value per share (A/E1) I.284 227.43 14.700 (3.Earning per share (D4/E1) -2.72% 96.Efficiency ratios/profitability ratios 1.24% -2.899 1.Cash generated from operating activities F.Total liabilities (B1 to B2) 1.138 24.63% 2.444 321.98% 55.11 -2.50 3.192 55.310 175 1.Return on assets (ROA) (D4/C) G.664 (50.756 39.57% 1.Cash generated from operating activities to current liabilities (E4/B1) (times) 174 .44% 2.221 200.15% 2.Admin.901 96.000 0 0 0 0 0 59 5.283) 4.Capital ratio (A/C) 2.521 35.000 200.Profit/(loss) after taxation E.631 2.94 -0.770 56.978 130.521 435. expense to profit before tax.659 C.779) 3.66 0.000 4.36 6.289) 29.313 7.19 19.01% 44.617 66.79 51.472 79.000 2.68% 83.03 102.540 0 0 2.Capital /lverage ratios 1.70% 13.518 34.496 a.48% 8.26 108.08% 4.312 43.Return on equity (ROE) (D4/A) 0.22 100.945 94.199 4.46% 2.46 2.039 469.00% 3.11 7.38% 4.Financial Statement Analysis of Financial Sector Ravi Exchange Company Ltd Items A.Cash generated from operating activities to profit after tax.913 215.653 4.403 a.756 36.494 69.Fixed assets 5.000 200.Other items 1.00% 0.371 11.646 6.09% 3.Total assets (C1+C2) 100.Current assets(a + b) 93.Profit & loss account 3.517 273.807 116.Return on capital employed (ROCE) (D3/C-B1) 3.874 204.102 49.079 19.Others B. of ordinary shares 4.653 4.678 30.Administrative and general expense 13.48 18.54 9. (D2/D3) (times) 76.Profit/(loss) before taxation (2.61% 2.95 3.11 -4.138 224.66% 3.69% 46.29% 2.33% 7.Liquidity ratios 1.00% 0.Other assets 1.28% 95.57 112.00% 0.00% 491 (22.Cuurent assets to current liabilities (C1/B1) (times) 3.26 1.37% 0.70 4.67% 92.549 911 5.812 20.00% 0.602 53.932 53.850 b.Non-current liabilities 2.Other assets 41.68 1.Reserves 4. (E4/D4) (times) 2.28 0.703 -2.Total equity (A1 to A3) 1.39% 97.915 123.179 2.420 109.Cash & bank balances to total assets (C1a/C) 2.943 58.000 400.00% 0.950 251.287 120.035 72.Total llabilities to total assets (B/C) 20.255) 71.313 70.22 -24.23 1.975 12.383 11.

(Pvt) Ltd.72% 10.00% 0.Profit/(loss) before taxation 4.Total equity (A1 to A3) 1.679 3.236 29.74 116.60 0.67% 99.31% 99.303 18.178 147.148 9.000 200.87% 9.00% 0.46 10.38% 3.884 139.28% 98.716 50.03% 0.955 0 0 0 0 0 2.000 0 0 0 0 0 2.326 1.395 54.23 -0.483 4.250 2.878 212.899 2.22% 5.630 11.59% 98.955 200.35 66.10 354.22% 72.000 20.09 -0.16% 3.707 209.Accumulated profit (loss) 4.52 10.Other assets 2.426 7.Stock dividend/bonua shares 0.Administrative and general expense 3.Others B.Capital /lverage ratios 1.Cash & bank balances to total assets (C1a/C) 57.00% 0.407 11.849 40.005 1.Return on assets (ROA) (D4/C) 3.870 6.630 12.643 10.85% 6.000 20.Non-current liabilities a.69% 0.00% 0.196 1.Cash flow ratios 175 .97 8.343 151.208 154.031 208.152 4.Current assets(a + b) 151.39 0.45 1.Total assets (C1+C2) 205.62 0.Cash generated from operating activities to profit after tax.15 10.979 10.378 10.74% 5.00% 0.000 2.Admin.39% 3.056 28.320 9.Cash generated from operating activities to current liabilities (E4/B1) (times) 0.33% 0.No.026 142.00% 0.41% 1.841 8.30% 4.341 18.Revenue 2.000 200.031 8.Capital ratio (A/C) 2.Fixed assets 4.81% 8.00% 0.979 4.Return on equity (ROE) (D4/A) 3.44 0.001 4. (D2/D3) (times) 0.Share capital 2.000 200.Total llabilities to total assets (B/C) H.003 13.27% 5.Cuurent assets to current liabilities (C1/B1) (times) 3.11% 13.465 53.19 0.669 54.779 15.516 210.24% 70. of ordinary shares 20.03% 9.Reserves 3.947 b.67 1.427 55.000 200.00% 0.Profit/(loss) after taxation E.924 1.44% D.160 3.287 135.979 210.670 58.Current liabilities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 202.Other items 4.625 150.051 157.537 1.00% 65.445 676 582 2.12 334. Items A.Return on capital employed (ROCE) (D3/C-B1) 5.Other assets 50.226 19.160 202.58 2.00% 590 (402) 22.Cash dividend 0.18 139.795 6.01% 4.707 11.00% 3.Profit & loss account 1.171 50.56 0.94 0.95% 4.95 0.605 202.160 2.10 10.324 14.Efficiency ratios/profitability ratios G.508 54.31% 2.Non-current assets (a + b) a.63 2.Break up value per share (A/E1) I.312 155. (E4/D4) (times) 0.Cash generated from operating activities F.000 20.833 11.969 3.Earning per share (D4/E1) 0.267 51.70% 71.30 19.320 209.619 1.000 20. expense to profit before tax.05 5.33 0.03 1.294 3.808 22.Cash & bank balances b.97% 99.Liquidity ratios 1.948 16.Total liabilities (B1 to B2) 1.Financial Statement Analysis of Financial Sector Riaz Exchange Co.87 1.90 11.130 416 464 280 870 315 260 118 C.

Other assets 2.62% 2.99% -10.59 152.79 3.500 50.75 1.60% 74.88 0.48% 3.869 281.Capital ratio (A/C) 99.00% 0.00% 0.546) (30.674 22.55% 16.18 0.08% 59.946 1.65% 0.134) (17.00% 0.Return on equity (ROE) (D4/A) 0.895 269.Efficiency ratios/profitability ratios 4.39 3.262 104.30 89.00% 0.73 84. (D2/D3) (times) 5.67 0.000 200.857 28.405 5.Capital /lverage ratios I.000 3.000 0 0 0 0 0 38 (18. Items A.20 0.000 75.298 171.35% 99.00% 3.01% 65.Other items 1.Return on assets (ROA) (D4/C) 0.53% 1.Others B.64 -9.Liquidity ratios H.28 -6.Revenue 19.63% -10.640 16.703 59.00% 0.845 664 (18.394 4.19% -7.620 4.29 -6.Cash generated from operating activities to profit after tax.000 300.350 10.367 D.Cash & bank balances to total assets (C1a/C) 71.761 56.000 200.719 182.Total assets (C1+C2) 104.Total liabilities (B1 to B2) 1.676 219.040 6.001 50.00% (6) (237) (14.98% -9.350 10.224 2.01 0.020 (18.Earning per share (D4/E1) G.185 1.Share capital 2.Current assets(a + b) 75.913) (35.37% 3.Stock dividend/bonua shares 0.423) 5.30% 2.454 169.74% 64.038 181.Accumulated profit (loss) 4.595 111.738) 0 0 0 0 0 681 844 2.Administrative and general expense 17.993 128.439 48.71% 2.Profit/(loss) after taxation E.044 64.083 55.629 9.02% 95.184 206.52 21.64% -10.584) (12.928 b.46 1.47 176 .Current liabilities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 104.725 3.54 88.000 2.644 102.726 53.46% 1.368) 1.98% 4.04 90.803 74.33 0.Financial Statement Analysis of Financial Sector Royal International Exchange Company (Pvt) Ltd.12 0.24% -7.261 6.492 13.01 1.425 2.Cuurent assets to current liabilities (C1/B1) (times) 111. of ordinary shares 4.72 -1.51% 1.54% 98.437 275.040 82.Non-current liabilities a.Break up value per share (A/E1) 100.058 20.059 50.382 2.208 C.Return on capital employed (ROCE) (D3/C-B1) 0. (E4/D4) (times) -0.62 2.Cash generated from operating activities to current liabilities (E4/B1) (times) -0.000 300.087 264.868) 1.951 9.454 1.923 681 844 2.76 11.715 0 0 0 569 6.31% 0.364 118.974 11.No.Cash flow ratios 1.36 47.00% 0.Total equity (A1 to A3) 1.189 181.Non-current assets (a + b) a.Admin.000 3.219 25.Cash generated from operating activities F.Profit & loss account 3.Reserves 3.Cash & bank balances b.63% 96.Other assets 26.Profit/(loss) before taxation 4.Fixed assets 2.660 69.Cash dividend 0.829 198.13 -2.12% 2.702 1. expense to profit before tax.Total llabilities to total assets (B/C) 0.21% 0.000 2.00% 0.105) (30.01 -0.107 1.13 34.46 1.00% 0.76% 2.24% 1.040 2.636 6.855 73.

35 2.Accumulated profit (loss) 4.00% 1.498 24.Others B.Return on equity (ROE) (D4/A) 2.Break up value per share (A/E1) 107.74% 4.No.Cash & bank balances to total assets (C1a/C) 46.133 0- 0 1.821) 1.Stock dividend/bonua shares 0.Profit & loss account 1.880- 35.61% - 69.14% - 99.891- 120.Capital ratio (A/C) 98.Other assets 2.258 2.12% - -1.80 2.00%- 0.Fixed assets 909- 2.00 - 99.Earning per share (D4/E1) 2.011- 84.200- (2. (E4/D4) (times) 1.88% 2.735- 83.Liquidity ratios 1.Efficiency ratios/profitability ratios G.550 a.32 1.898 26.Profit/(loss) after taxation E.091) 4. of ordinary shares 4.74% 2.Non-current assets (a + b) 276- 1.71% 3.971- 33.12% 1. 2011 (Thousand Rupees) 2011 Items A.Current liabilities 28.240 3.Cash dividend 0.34 5.Cash generated from operating activities to current liabilities (E4/B1) (times) 2.58 - 563.Non-current liabilities a.00% 3.Other assets 2.58 - 1.047) 758- (2.500- 120.Total equity (A1 to A3) 1.Cuurent assets to current liabilities (C1/B1) (times) 3.Return on capital employed (ROCE) (D3/C-B1) 4.Capital /lverage ratios I.81 177 .548- 8. expense to profit before tax.67% - -1.Cash flow ratios 1.Share capital 2.35% 1.Administrative and general expense 6.357 b.74 85.23 - -18.Cash & bank balances b.Total liabilities (B1 to B2) 1.201 2.354- 119.86 - -1.Current assets(a + b) 25.379- 10.Profit/(loss) before taxation 1.46 - -5.Revenue 7.86% - 0.048 1.Other items 265- 1.Reserves 3.Admin.Financial Statement Analysis of Financial Sector Sky Exchange Company (Pvt) Ltd.00%- 0.193 D.Return on assets (ROA) (D4/C) 2.Cash generated from operating activities to profit after tax.Cash generated from operating activities F.883 2.854- (235) 0- 0 537- 150 537- 150 0- 0 C. (D2/D3) (times) 5.62% - -1.Total llabilities to total assets (B/C) H.929 3.Total assets (C1+C2) 28.169- (2.

333 41.29% 2.527 451. of ordinary shares 20.952 118.479 29.02% 66.39 3.66% 47.09% 13.00% 4.74 1.Financial Statement Analysis of Financial Sector Wall Street Exchange Company (Pvt.696 357.37% 74.59 33.973 247.180 50.52 -4.07 6.Profit/(loss) after taxation E.614 7.581 243.240 55.46 0.000 200.390 298.003 11.62 11.57% 49.209 56.866 423.45 12.31% 10.Cash & bank balances b.Administrative and general expense 3.573 285.405 252.391 23.000 200.898 122.000 20.314 21.25 0.07 1.Current assets(a + b) 240.580 189.Cash generated from operating activities to profit after tax.Total llabilities to total assets (B/C) 2.178 40.98% 10.23% 39.515 45.Other items F.00% 0.Cash dividend 0.000 0 0 0 0 0 7.34% 52. (D2/D3) (times) 5.471 58.761 494.779 97.Other assets 2.Admin.00% 0.090 194.12% 66.587 10.045 2.31% 13.188 66.Capital ratio (A/C) 2.Accumulated profit (loss) 4.72 11.000 2.81% 3.46 12.Total assets (C1+C2) 312.Total equity (A1 to A3) 1.048 222.487) 107.78 -0.51% 8.726 219.59 1.463 343.494 72.28 1.267 129.83% 5.No.889 75.000 20.10 62.196 214.46% 3.82 0.443 0 0 0 0 0 105.87% -6.12% 3.Return on equity (ROE) (D4/A) 3.00% 0. (E4/D4) (times) 2.25% 4.00% 0.387 96.) Ltd.Cash generated from operating activities to current liabilities (E4/B1) (times) 178 .Cash flow ratios 1.Cuurent assets to current liabilities (C1/B1) (times) 3.180 250.14 3.267 129.12% 72.00% 3.44 8.36 0.00% 0.058 90.620 32.000 200.196 14.36 10.897 97.308 39.69% 37.40% 6.36 0.Efficiency ratios/profitability ratios 4.960 268.979 295.00% 0.283 14.564 56.Non-current assets (a + b) D.75 9.Current liabilities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 207.698 55.634 b.360 35.04 7.Other assets 53.63 1.437) 182.Cash generated from operating activities 82.979 295.581 243.479 229. expense to profit before tax.000 20.538 (32.Share capital 2.31% 62.Revenue 2.167 7.679 a.Break up value per share (A/E1) I.Capital /lverage ratios 1.Non-current liabilities a.701 21.473 567.43% 50.Total liabilities (B1 to B2) 1.Stock dividend/bonua shares 0.326 105.Earning per share (D4/E1) G.58 0.Others B.814 231.06% 2.Return on assets (ROA) (D4/C) 2.947 1.374 397.Profit & loss account 82.326 0 0 0 0 0 C.000 200.148 (67.Reserves 3.000 20.00% 0.678 39.73% 50.27% 49.630 354.443 200.41% 8.575 72.00% 0.26 H.27 0.453 134.Profit/(loss) before taxation 4.694 470.Fixed assets 18.59% 1.791 37. Items A.Return on capital employed (ROCE) (D3/C-B1) 4.494 272.949 1.31% 3.96 1.52 13.048 222.828 46.Liquidity ratios 1.769 1.Cash & bank balances to total assets (C1a/C) 2.

346.9 percent in CY11 over 6% 4% 100 the preceding year. 61.0 percent over CY10.2 billion 400 in CY11. recording a contraction of 0.8 billion in CY11.6 percent and reached Rs 501. Profit before and after taxation increased considerably during CY11. ANALYSIS OF EQUITY Total equity of insurance sector increased from Rs.3 billion in CY10 to Rs 151. it increased from Rs 290. 179 .2 Growth 7. 128.0% 14% 12.5 percent of TA in CY10 CY11 Growth 18% 16% 15. The aggregate insurance business grew sharply during CY11.6 percent over CY10.1 percent.4% 5.3 37.8% 30 Share Capital (SC) Reserves (RS) Un Appropriated Profit (RE) CY10 25.1% 20 0% -2.8 CY11 27. Contribution 7.1% -2. IS TA percent over the last year.Financial Statement Analysis of Financial Sector 2011 INSURANCE COMPANIES PERFORMANCE AT A GLANCE CY11 turned out to be positive for insurance sector in Pakistan.5 38. Components of Assets The dominating part in assets was investment in 500 securities and properties (IS) of Rs.1 billion in CY11.1 billion in CY11.4 24. In absolute terms. The share capital (SC) also increased by 7.9% 8% 200 CY11 increased by 11. 501.8% Growth 50 -6% touched Rs 61.9 billion in CY10 to Rs.8 Components of Equity billion in CY11.1 percent in CY11 over CY10. 88.6 billion in CY11 as compared to Rs.4% 10 0 of share capital in equity was 30.6% 11.8 billion in CY11. recording an increase of around 12% Billion Rs 40 2.6 percent.2 billion last year. Cash and Balances with 2% 0 0% C&B banks (C & B) reflected an increase of 15.0 12% 10% 300 Growth 600 Billion Rs showing an increase of 12. ANALYSIS OF ASSETS Total assets (TA) at Rs.3 22. IS contributed 25.7 percent in CY11. Total assets of non-Life sector decreased from Rs. Total reserves of insurance companies comprising reserves and un-appropriated profit 6% 5. Its balance sheet size expanded by 12. Total assets of Life Insurance Sector grew by 19. Rs 86. 151.6 billion in CY10 to Rs.

CY10 Investment income which was Rs.0 80.) PROFITABILITY AND OPERATING EFFICIENCY Premium Income Positions The main source of revenue of insurance sector is premium. CY11 Growth 70% 64. statutory funds (BSF) have been Rs 262.4 billion. around 82.3% 250 15% 10% 150 an increase of 19.6 percent pertains to life insurance business.6 100 Net Premium 50 to Rs.Financial Statement Analysis of Financial Sector 2011 ANALYSIS OF LIABILITIES Total liabilities (TL) of insurance sector at Rs CY10 CY11 Growth 450 357.8 Rs. The composition of 50 BSF to TL was 73.0 billion in CY10 increased by 15.1 Gross Premium 105. The gross premium for year CY10 was to reach Rs. Other claims (OC).5 percent.2 20% 18. 126. 16.6 billion percent in CY10 Billion Rs. 98. 10.4 percent.2 percent in -50 5% 0% 0% TL BSF OC MISC -5% CY10 and CY11 respectively.8 billion in CY10 and Rs 313. Profit before CY11 Non core income of insurance companies CY10 increased by 18.4% 350 in CY11 to Rs 411.2 98. Out of total liabilities.2 billion in CY11. 80. Rs 105.3 billion in CY10 increased by 64.8 billion. Under-writing profit which was percent to reach Rs.0 percent 150 126.2 billion which increased by 20.4 percent to reach Rs 38.3 percent 25% Billion Rs. 26. Balances of 15.6 billion in CY11.4% 10% 5 0 0% Investment Income 180 Underwriting Profit .8 billion in 45 and after tax increased to Rs. Net premium increased from Rs.2 billion respectively in CY11. showing 20% 20% 19.1% 60% 35 50% Billion Rs. Miscellaneous (MISC.8 billion and Rs. 32. 30 25 40% 20 30% 15 10 7. CY10 40 billion in CY11.0 billion in CY11 showing an increase 0 of 21.6 percent and 76.

per Share value per share (BPS) is decreased from Rs. 2.Financial Statement Analysis of Financial Sector 2011 Profitability Ratios Return on equity (ROE) which was 6. 2. 40 reached Rs.77 percent in CY10 increased to 8.42 per share in CY10 to Rs. 30 ROA Valuation per Share 34.06% 6. 32. Breakup 35 34. 0% ROE Earnings per share (EPS) at Rs.42 CY10 32.77% CY11.43% percent in CY11.32% 1. return on assets (ROA) which 5% was 1.65 2.Similarly.06 percent CY10 in 10% CY11 8.87 CY11 25 20 15 10 5 2.32 percent in CY10 increased to 1.87 per share in CY11.33 in CY10.33 0 EPS 181 BPS .43 1. Rs.65 per share in CY11.

(E4/D8) (time) 182 -24.201 47.53% 40.183.392 61.970. liabilities C.755 37.Share capital 2.882.422 1.649.158 385.247 7.Return on equity (ROE) (D8/A) 2.Others B.12 68.328.746 13.811 88.548.26% -4.317.327 1.Gross premium 3.219 N/A N/A 2.10 137.738.612.161 8.428.Investments in securities & properties 4.10 19.317 52.369 114.637 34.757.80% 1.750.Cash flow ratio 10.218 300.648.187.042 N/A N/A 19.067.174.669.810.113 56.015 39.108.68% 0.822 10.996.965 76.Gross claims 5.Return on assets (ROA) (D8/C) 3.Underwriting profit 7.602 66.270.866.780 79.980 60.271.Total equity (A1 to A3) 1.542 105.157 84.322 38.015.469 5.860 N/A N/A 830.897.419.281 86.541 6.Advances to policy holders & employs 3.112 275.08% F.525.502.920 7.No.761.912 688.88% 29.Earning per share (D8/E1) (rs.71% 2.331.09 71.787.161.154 42.889 11.844.954 279.27 106.Claims incurred to net premium (B2/D4) 5.06% 1.239 28.668 47.Capital ratio (A/C) 2.12% 0.981 57.833.982 222.Other items 1.675.183.678.292.430 25.841.Net premium 4.51% 444.848 38.150.953.663 3.510.06% 374..Overall Items A.94% 122.32% -1.795.598 223.215.405.353 29.001.808.Efficiency ratios/profitability ratios 1. adv.570. per share) 4.25% 7.Reserves 3.34% 1.891.063 D.695.441 126.146) 36.763.391 232.413.319.Stock dividend/bonus shares 4.536 4.108 572.133 23.294.677 343.781 174.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 67.574.796 391.056 819.310 98.54% 22.308.703.533 2.12% 29.812 40. due to other insurers 3.Liquidity ratios 1. of ordinary shares 2.955.475 24.448.015.645.853.329 501.486.422.570.355 21.547 38.471 10.45% 38.276 27.328.289 13.33 131.085 411.276 27.176 262.73% 12.28 23.542.086 316.87 35.575.Cash generated from operating activities 2.444 22.77% 1. prem.793 445.53% 0.211 74.571.34% 23.44% 34.17% 39.Investment income to net premium (D1/D3) G.357 42.Net claims 6.708 47.516.42 17.270.324 37.645.061.558 16.10 25.244 26.772.40% 25.Cash generated from operating activities to profit after tax.094 235.788 11.642 47.834 315.919 14.452 313.877 263.003.686.Underwriting profit to profit after tax.849.523 44.173.65 137.788.30% 54.507 7.131 300.483 6.62% 0..938.169.908 22.852.625.09% 278.28 123.097 24.199.274.750.969.564 38.Outstanding claims.222 356. Investment to total assets (C3/C) H.530 35.621 N/A N/A 10.975.027.611 16.172 19.Total assets (C1 to C5) 1.610 58.380 34.71% 32.Cash & bank balances to total assets (C1/C) 2.921 10.Capital /leverage ratios 1.Profit/(loss) after taxation E.452.362.774.32% 2.950 27.985.281 14.291. assets 5.398 38.870.153) (3.340.385.210 128.963.583.Break up value per share (A/E1) (Rs.552 193.477 1.622.431.813 50.Profit & loss account 1.361. (D6/D8) 6.Profit/(loss) before taxation 8.271.467 52.43% 2.Balance of statutory funds 2.470 2.179.061 24.Other/misc.71% 0.441 54.665 32.203.71 21.32% 270.460 N/A N/A 4.586 6.990 74.10 25.809.08 74. per share) I.164.26% .828 43.Investment income 2.124 44.41% 180.638 (1.Other/misc.128.853.301.030 34.69% 8.748.783.970.40% 6.553 87.540 80.876.784 41.725.00% -1.925.Cash dividend 3.294 16.936.862.Financial Statement Analysis of Financial Sector Insurance Companies .96% 22.Total liabilities (B1 to B3) 1.09% -794.Cash and balances with banks 2.404.Un appropriated profit 4.580 2.

887.591.463.491 1.187.845.460 11.587 67.103.032 224.898 191.559.435.205 22.047 1.982.Overall Items A.47% 4.042.Other items 1.872 1.Gross premium 3.603.242.593. due to other insurers 3.Profit/(loss) after taxation E.817.861. prem.138 12.Liquidity ratios 1.668 52.182 18.Investment income 2.058.Underwriting profit 7.294 0 285.092 311.883.990 1.584 48. (E4/D8) (time) 183 .870.37% 2.248.Cash & bank balances to total assets (C1/C) 2.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 3.226.05% 2.580 156. of ordinary shares 2.859.568.720 454.872.Cash generated from operating activities F.403.192.474 910.151 4.833 3.Investment income to net premium (D1/D3) G.Un appropriated profit 4.87% 17.102.420 10.43% -0.Gross claims 5. assets 5.54% 53.240 346.639 7.287 514.59% 198.344 19.717.Claims incurred to net premium (B2/D4) 5.408.199 66.872.208 210.977.77% 51.133 27.224 N/A N/A 3.775.542.56% 47.14% -3.445 0 188.891) 127.Underwriting profit to profit after tax.093 4.47 67.879.786 193.399 33.08 81.57% 25.056.10 13.37% 1.40% 0.Others B.Earning per share (D8/E1) (rs.27% 922.882 10.748.994.95% 0.494.08 81.432 17.876 21.829 N/A N/A 2.224 362.26% 547.344.522.239 70.902.450 21.548 2.637 39.929.418.227.81% 0.017) 838.49% 4.551 20.79% 13.253.004 (158.079.353 N/A N/A 17.669.542.Other/misc.491 11.263.427 8.972 174.88% 8.659 6.Capital /leverage ratios 1.73 1.922.513.987 26.073 247.491.34% -1.840 910.737.Investments in securities & properties 4.520 15.243 34.827 23.06% -0.47 61.18 1.Cash dividend 3.104 532.113 2.989 13.950.208 362.745.912 280.Net claims 6.579.635 5.538.764.574 809.153.056 N/A N/A 9.609.080 10.952 1.796.052.Outstanding claims.Break up value per share (A/E1) (Rs.Return on equity (ROE) (D8/A) 2.97 2.200.297.632.612.239 189.Advances to policy holders & employs 3.752 2.23 206.431 1.89% 1.88% 56.330.644.279 290.435 1.354 214.078.Cash flow ratio 1.966 211.98 91.Total assets (C1 to C5) 1.775.744 167.025 (132.616 16.723.968 4.708 18.266 4.74% 0.318.211 200.637 24.Reserves 3.165 262.334 18.36 1.725 262.471. liabilities C.292.410.550.017 1.Return on assets (ROA) (D8/C) 3.01% 16. adv. per share) I.835.550 3.080 1.208 243.584 40.339 20.330.487 411.145 26.22% D.433.369. per share) 4.73% 18.Total liabilities (B1 to B3) 1.552.84% 14.69% 0. Investment to total assets (C3/C) H.53% 26.799 21.05% 0.134.150 127.371..075.524 9.335 2.115 36.286.120 (126.597.70% 0.584.921.000.670 10.850.Other/misc.No.942.745.49% 1.678.830 N/A N/A 2.370 24.715.Net premium 4.841 51.031.24% 0.100) 21.65% -17.Capital ratio (A/C) 2.912.049 9.Cash and balances with banks 2.189 0 339.523 3..477 31.10 12.Profit/(loss) before taxation 8.951.771 24.72% 1.166 11.Profit & loss account 1.122 304.Financial Statement Analysis of Financial Sector Life Insurance Corporations .422 223.612.475.569.80% 17.000 20.11 78.Stock dividend/bonus shares 4.481.277.888.57% 76.762.955 22. (D6/D8) 6.Share capital 2.Efficiency ratios/profitability ratios 1.619.831 25.95% 0.889 8.03 52.133.889 46.11 92.Balance of statutory funds 2.723 1.Cash generated from operating activities to profit after tax.Total equity (A1 to A3) 1.469 13.539 206.335.704 3.502 33.

Break up value per share (A/E1) (Rs.124 24.Cash & bank balances to total assets (C1/C) 2.55% 4.830 0 710.Reserves 3.414 0 609..354 21.05% - - - 0.358 0 238.Share capital 2.405.Investment income 2.Capital ratio (A/C) 2.466 0.Total equity (A1 to A3) 1.506.748 0 401.718) 34.178 111.Other/misc.Cash and balances with banks 2.Cash flow ratio 1.005 577.663 (396.428 99.667 791.Others B.07 69.191 37. per share) I.00% 0.Un appropriated profit 4.699 112.14% D.Net premium 4.Other/misc.34 19.Cash generated from operating activities to profit after tax.Advances to policy holders & employs 3.944 110.620 32.69% 6. (E4/D8) (time) 184 .472 - - - 53.Financial Statement Analysis of Financial Sector Adamjee Life Assurance Company Ltd.Cash dividend 3.24 51.Balance of statutory funds 2.667 113.531 883.Earning per share (D8/E1) (rs.591 127.23 - - - -436.96% 13.Investment income to net premium (D1/D3) G.Other items 1.740 16. liabilities C.Underwriting profit to profit after tax.Profit/(loss) before taxation 8. per share) 4.Investments in securities & properties 4.00% - - - 58.19% 0.Claims incurred to net premium (B2/D4) 5.93% 881.631 32.349 267.55% 3.Liquidity ratios 1.816 509.14 69. prem.62% 10.09% 0.334 29. Items A.69% 2.763 534.Return on assets (ROA) (D8/C) 3.35 84.No.303 17.Stock dividend/bonus shares 4.586 88.950 105.Outstanding claims.541 172.777 18.778 113.489 55.53% 1.Profit/(loss) after taxation E. (D6/D8) 6.258) 16.21% 2.Profit & loss account 1..479 28.663 (212.00% 278.879 - - - 29.61% 0.090) 53.Gross premium 3.Underwriting profit 7.137 215. Investment to total assets (C3/C) H.00% (55.00% 0.720 444.775 534.933 12.Total assets (C1 to C5) 1.214 - - - 3.061 912.Efficiency ratios/profitability ratios 1.Cash generated from operating activities F.73% 2. due to other insurers 3. adv.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - - - 338. assets 5.Gross claims 5.466 0.Net claims 6.Return on equity (ROE) (D8/A) 2.Total liabilities (B1 to B3) 1.Capital /leverage ratios 1. of ordinary shares 2.

Investment income 2.83% 1.68% 17.52% 0.22% 1.84% 13.117 1.96% 2.735 2.560 116.63% 680.763 500.No.196 6.000 128.42% 0. of ordinary shares 2. prem.25 81.910 2.Balance of statutory funds 2. assets 5.318.682 64.795.Efficiency ratios/profitability ratios 1.806.024 254.771.237) 0 0 2. per share) I.900 32.73% 1.596.Investment income to net premium (D1/D3) G.Break up value per share (A/E1) (Rs.403 86.45% 14.Underwriting profit to profit after tax.00% 0.Un appropriated profit 4.61% 6..669.856.Cash and balances with banks 2.000 332.50% 0.053 277.Other items 1.Cash generated from operating activities to profit after tax.096 5.02 87.508 78.255.00% 0.Return on assets (ROA) (D8/C) 3.00% 0.33% 11.Net claims 6.Gross claims 5.Financial Statement Analysis of Financial Sector American Life Insurance Company Ltd.525 524.993.369.449 3.Others B.051 3.Earning per share (D8/E1) (rs.609 95.431 629.453 125.595.723 1.36% 19.941 500.482 1.735 1.000 0.155.875 185.421 74.Stock dividend/bonus shares 4.059 50.00% 1.339 657. Items A.466 2. Investment to total assets (C3/C) H.80% 222.591 2.670.86% 1.82% 1.389 1.087 888.489 3.141 62.Profit/(loss) after taxation E.Cash dividend 3.793 50.000 81.600 661.Total equity (A1 to A3) 1.833.00% 590.065 0 0 2.74% 2.712 644.70 692.065 500.458) 0 0 1.Return on equity (ROE) (D8/A) 2.694 209.893.193 0 0 3.Capital /leverage ratios 1.623 1.64 91.000 0.756 53.20% 0.00% 0.Profit & loss account 1.06 65.953 396.00% 18.32 60.Cash generated from operating activities F.078 208.59% 12.290.Other/misc.Investments in securities & properties 4.Claims incurred to net premium (B2/D4) 5.352.221 248.832 669.05% 15.063. per share) 4.749.42% 13.280 581.Reserves 3.193 500.522 312.700 337.Other/misc.435 134.553 1.60% 2.Outstanding claims.643 442.00% 1.91% 10.729 261.069 255.353 58.191 50.217 143.070 554.Gross premium 3.373.75% 1.000 0.62 15.267.761.512 5.Advances to policy holders & employs 3.204 802.000 0.Capital ratio (A/C) 2.248 50.048.338.000 169.201 50.Cash flow ratio 1.70% 1.000 (120.228 415.961.81% 7.01 87.36% 827.03 85.509 60.941 0 0 5.393 76.56% D.613 363.000 234.11% 0.238.73 56.Share capital 2.935.00% 22.02% 14.Profit/(loss) before taxation 8.19% 0.00% (228.49% 0.65% 1.553 734.526 68.738 9.Total liabilities (B1 to B3) 1.66% -455.801.958 168.191 4.Liquidity ratios 1.441 459.000 0. (E4/D8) (time) 185 .926.857) 50.498 164.00 86.574 561.Total assets (C1 to C5) 1..863 296.620 96.542 500.000 1.349.306 2.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 329.38 11.59 13. adv.987 46.923 65.905.406 0 133.057 90.220.500 72. liabilities C.94% 887.496 362.000 (170.656 106.492 326.025 83.64% 0. (D6/D8) 6.604 2.557 379.849 1.Underwriting profit 7. due to other insurers 3.515 0 183.60 17.09 78.152 1.583 758.Net premium 4.205 41.00% 762.142 325.00% 53.51% 19.Cash & bank balances to total assets (C1/C) 2.

763 469.977 26.802 228.57% 3.34 1.Others B.43% -0.446 71.46% 8.500 25.135 0 8.43% - 48.Total assets (C1 to C5) 1.158 153. of ordinary shares 2.168 212.15 68.014 154.42% 1.500 21.232 178..38 70.00% (21) 20.12% D.936 14.518 72.Underwriting profit 7.18% -297.496 377. Investment to total assets (C3/C) H.36 5.35% 0.456 79.998 0 22.Gross claims 5.Total liabilities (B1 to B3) 1. adv.560 153.00% 46.32% 0.570 0 29.518 148.Cash dividend 3.Net premium 4.Efficiency ratios/profitability ratios 1.Cash flow ratio 1.Liquidity ratios 1. per share) I.132 45.639 58.Profit/(loss) after taxation E.Underwriting profit to profit after tax.944 606.956 127.Capital ratio (A/C) 2.049 500.00% (26) 50.913 128. Ltd.00% 33.00% 0. per share) 4.000 2.355 4.28 - - 0.317 59.42 77.Investment income to net premium (D1/D3) G.724 93.18 17.Investments in securities & properties 4.Net claims 6.854 0 6.Reserves 3.Cash generated from operating activities F.886 19.15 71.000 0 (30.000 0.54 - -0.020 93.66% 1.417 0 6.Claims incurred to net premium (B2/D4) 5.322 20.992 95.Outstanding claims.74% 3.549 0 32.18% - 0.000 0 (72.972) 0 133.086 34.620 211.47% -151.482 0 23.Other/misc.Balance of statutory funds 2.301 168.15% 0.00% 0.951) 0 179.595 603. Items A.158 0 61.00% 60.478 0 414.40 25.00% 32.Return on equity (ROE) (D8/A) 2.Other items 1.Gross premium 3.55% 0.Earning per share (D8/E1) (rs.71% 12.012 118. assets 5. (D6/D8) 6.448 5.78% 9.671.221 - 50 0.324) 50.Total equity (A1 to A3) 1.00% 0.663 427.Cash and balances with banks 2.570 160.553 419.00% 16.Cash & bank balances to total assets (C1/C) 2.Investment income 2.208 63.34% 0.25% 0.68% 0.000 0. (E4/D8) (time) 186 .Break up value per share (A/E1) (Rs.29% 97.72 2.Profit & loss account 1.40 54.000 2. due to other insurers 3.061 93.Financial Statement Analysis of Financial Sector Asia Care Health & Life Insurance Co.453 0 431.948 153.070 127.737 0 9.Other/misc.00% (89.No.482 178..90% 4.Advances to policy holders & employs 3.00% (60.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - 183.Un appropriated profit 4.356 80.208 67. liabilities C.Profit/(loss) before taxation 8.80% 1.458 6.60% 9.338 162.108 - 9.74% 0.46% 11.952 0 7.Share capital 2.000 0.Capital /leverage ratios 1.Cash generated from operating activities to profit after tax.456 200.Return on assets (ROA) (D8/C) 3.768 0 10.420 11.203 0 14.301 57.028 500.751 4.Stock dividend/bonus shares 4. prem..080) - 2.

75% 10.940 12. assets 5.874 136.538 107.71% 257. of ordinary shares 2.870) 50.525 50.Other/misc.54% -0.17 66.895 (20.22% 56.303 154. Investment to total assets (C3/C) H.Liquidity ratios 1.00% 51.05% D.364) (8.143 94.395 17.182 8.62% 0.498) 0 256.Total equity (A1 to A3) 1.17 21.868 41.Other items 1. due to other insurers 3.588 31.046 0.870 16.Total assets (C1 to C5) 1.03 11.596) (1.Others B.916 213.054 183.Claims incurred to net premium (B2/D4) 5.94 29.115.Profit/(loss) after taxation E.Return on assets (ROA) (D8/C) 3.362 60.Investments in securities & properties 4.Gross claims 5.872) 45.04 42.94% 1.022 14.456 0 (353.896 10.Un appropriated profit 4.326 44.91% -2.382 38.713 250.296 240.908 403.010) 50.662 4..Profit & loss account 1.07% 0.412 (6.00% 0.06 17.97% 13.58 73.88% 3.770 9.611 149.00% 0.55% -587.Advances to policy holders & employs 3.Stock dividend/bonus shares 4.Capital /leverage ratios 1.316 59.22% -113.Capital ratio (A/C) 2.00% (50.296 348.Cash dividend 3.837 246.79% 4.39% 16.Cash and balances with banks 2.360 0.Financial Statement Analysis of Financial Sector East West Life Assurance Company Ltd.218) 44.Total liabilities (B1 to B3) 1.986 28.86% 103.Balance of statutory funds 2.Efficiency ratios/profitability ratios 1.83% -0. per share) 4.00% 0. per share) I.347 152.76% -127.67% 2.27% 10.834 46.151 17.Other/misc.193 5.257 50.35% -0.Cash generated from operating activities F.825 186.61% 74.489 165.246 3.331) 0 294.178 238.92% 0. adv.34 48.422 42.08 9.48 39.639 166.17% 0.823 119.947 162.927 194.Share capital 2.635.761 162.498 563.890 32.No.063) 22.37 44.069.939 93.Earning per share (D8/E1) (rs.875 17.265 146.218) (222.79% 0.72% 0.822 15.Net premium 4.926 418.369 454.76% 7.387 124.146 22.99% -6.769 154.Profit/(loss) before taxation 8.591) 0 0 198.05% -0.53% 2.Outstanding claims.341 413.741 0 0 147.Break up value per share (A/E1) (Rs.Cash & bank balances to total assets (C1/C) 2.Cash generated from operating activities to profit after tax.687 180.046 0.266 83.70% -344.Investment income 2.937 66.Underwriting profit to profit after tax.600 1.456 0 (376. liabilities C..013 78.115 5.17 56.39% 2.773 178.256 19.464 197.00% (22.63% 2.Reserves 3.Gross premium 3.753 157.000 20.333 0 0 128.67% 0.200 10.48 62.Investment income to net premium (D1/D3) G. prem.089 36.35% 6.Net claims 6.553 194.194 11. (D6/D8) 6.958 500.70% 10.Underwriting profit 7.055 90.00% 0.00% (50.021) 235.933 376.571 124.236) 25.299 133.102 67.Return on equity (ROE) (D8/A) 2.963 111.583) 35.862 8.00% (11.496 0.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 372.37 9.386 415.28 36.560 31.87% -45.333 352.361 501.503 12.74% 1.960 (305.00% 0.966 198.125 500.078 (20. Items A. (E4/D8) (time) 187 .26% 2.51% 6.Cash flow ratio 1.164 95.708 (197.918 26.715 84.

96% -4.938 217.151 4.Cash & bank balances to total assets (C1/C) 2.959) (473.535 1.957.925 0 12.460 18.973 493.944 7.00% 0.27 55.07% 24.345 1.767.15 60.Efficiency ratios/profitability ratios 1.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.72% -3.000 32. (E4/D8) (time) 188 .Total equity (A1 to A3) 1.16 7.000 50.154) 115.Financial Statement Analysis of Financial Sector EFU Life Assurance Company Ltd.000 32.815 578.711.159) 58.515 7.000 570.28% 68.684.00% 3.140 0 26.707.246.139 3.139 4.431.853 9.08 84.470 1.800 94.748 1..325 55.16% 396.035 363.Underwriting profit to profit after tax.597.43% 107.235 29.Profit/(loss) before taxation 8.146.775 0 20.04 89.628.961 85.000 232.053.93% 1.30% 0.481 1.Cash generated from operating activities F. of ordinary shares 2.866 887.Un appropriated profit 4.87% 9. due to other insurers 3.938.Other items 1.Gross claims 5.899 742. adv.275 850.58 6.535 647.151 11.908 308.64% 4.12 80.Profit & loss account 1.540 750.784.640 850. (D6/D8) 6.434.721 711.12% 14.360.129.172 450.910 4.119 13.490 25.597.18% 28.316 28.Total liabilities (B1 to B3) 1.208 1.140 333.315.779 5.777 5.Outstanding claims.414.292 56.80 41.027.Other/misc..147.Investment income 2.268 689.000 232.25% -78.481 1.941 14.50% 0.466 880.76% 0.50% 0.Reserves 3.520 22.211 7.500 650.254.656 570.05% 20.014 8.792 10.865.Claims incurred to net premium (B2/D4) 5.244 85.019.34% 0.Liquidity ratios 1.968 1.127 376.00% 1.925 500.745 1.459 503.67% 9.Investment income to net premium (D1/D3) G.00% 3.457 56.703.599 9.Capital ratio (A/C) 2.424 24.162. per share) 4.Break up value per share (A/E1) (Rs.444 66.38% 2.735 826.307 880.18% 20.56 10.005 11.235 760.681 9.318 262.507 371.02% D.264 1. Investment to total assets (C3/C) H.817.000 50.659 1.583.94% 0.546 1.444 115.99% 0.657. assets 5.Total assets (C1 to C5) 1. prem.50% 0.297.31% 0.92% 43.000 170.732.619) 0 10.064 1.424 45.00% 0.040 0 16.375.248.875 1.365.Other/misc.425.217.263 2.000 (65.00% (507.33% -37.390 2.Net claims 6.325 11.92% 33.91 9.00% 204.570.066 350.Net premium 4.277.130.250 949.60% 25.803 59.218.88% 934.022 2.579.47% 9.037.04 88.70% 3.583 19.136.207.Capital /leverage ratios 1.015 15.406.00% 50.724.874 4.Cash dividend 3.Balance of statutory funds 2.171.Return on assets (ROA) (D8/C) 3.Gross premium 3.500 646.418.418.367 9.Return on equity (ROE) (D8/A) 2.133.No.410 3.Profit/(loss) after taxation E. Items A.80% 885.209 1.433 (314.Investments in securities & properties 4.Earning per share (D8/E1) (rs.214.35% 1.393 4.49% 10.369.466 13.00% 1.06% 6.72% 681.Others B.757.500 496.11 10.169.389 1.365 50.Share capital 2.141.777 6.597.175 1.030.38 141.19 11. per share) I.Cash generated from operating activities to profit after tax.000 607.140.567.13% 18. liabilities C.Stock dividend/bonus shares 4.398 551.837.984 420.99% 6.06% 23.Underwriting profit 7.819 17.098 9.000 232.381 750.911.Cash and balances with banks 2.Cash flow ratio 1.Advances to policy holders & employs 3.920.847.07 88.000 30.

523 94.262 7.Break up value per share (A/E1) (Rs.439 814.Cash generated from operating activities to profit after tax.34 33.14% 2.512 254.579.037 1.00% 3.Total liabilities (B1 to B3) 1.587 4.215.97 36.00% 0.97% 0.878.Balance of statutory funds 2.777.54% -3.360 2011 (Thousand Rupees) 2010 2011 (80.43% 1.712 0.091.176 160.936 82.804 2..579 50.709 9.712 15.451.20% -0.67 7.882 582. (E4/D8) (time) 189 .787.Others B.00% 591.712 5.Un appropriated profit 4.257.980 2.459 120.14 82.851 2.Fixed assets 2007 2008 2009 481.144.219 217.Cash and balances with banks 2.384.876 5.642.629.153 8.997 4.892) 0 0 5.323.661.00% 1.Gross premium 3.32% 1.Gross claims 5.311 751.114 1.615) 0 7.198 340.268 146.271 62.49% 0.00% 0.051 95.049.029 416.Investment income to net premium (D1/D3) 26.13% 18.399 5.81% 1.712 30.Capital ratio (A/C) 2.Investments in securities & properties 4.426 4.00% 1.788.103 1.582 1.204 147.851.593 62.348.505 627.Cash dividend 3.00% 0.587 (110. Investment to total assets (C3/C) H.315 4.210 12.710 150. of ordinary shares 2.Net premium 4.00% 0.357.64 6.445.00% 0.Other/misc.Other/misc.624 2.363.67% 1.001.Reserves 3.Share capital 2.97% -0.873 627.81 869.972) (54.439 2.574 1.150.564 118.815 2.561 725.922 1.012 1.014 4.38% 1.398 1.027 3.084.379 (49.No.19% 2.829. liabilities C.398 627.435.06% 22.995 8.031.457.Other items 1. Items A.884 760.82% -13.753 0 10.250.29% 1.067 175.Profit/(loss) before taxation 8.Return on assets (ROA) (D8/C) 3. assets 5.802.Cash generated from operating activities F.710.22% 7.028 125.803.972) 78.19% 23.Advances to policy holders & employs 3.398.22% 8.075.689 207.091 787.Capital /leverage ratios 1. per share) 4.999 5.120 546.03% 0.168.88 27.481.00% 1.139.562 627.109.246.664 4.370.120 0 522.770.089 1.981 12.356 374.Cash flow ratio 1..756.430.Net claims 6.546 5.07% 2.457 476.Profit & loss account 1.844.558 15.Investment income 2.Cash & bank balances to total assets (C1/C) 2.07 43.12% -2.78% 12.Return on equity (ROE) (D8/A) 2.38% 6. (D6/D8) 6.453 D.456 62.712 0.608 2.289 62.980.14% G.123.Liquidity ratios 1. due to other insurers 3.36 59.556 62.169 237.023.673.00 26. adv.Efficiency ratios/profitability ratios 1.112.58 36.786 2.475 6.944 371.990 307.78% 1.311) 3.529 11.37% 5.560 9.978.278 0 14.Total assets (C1 to C5) 1.756.59% 885.Financial Statement Analysis of Financial Sector Jubilee Life Insurance Company Ltd.34 9.967.56% 2.Underwriting profit to profit after tax.228 627.Profit/(loss) after taxation E.76% 1.039 1.Underwriting profit 7.87% 0.943 40.744 129.92% 1.120 0 803.198.Stock dividend/bonus shares 4.877 3.065 3.149.26 67.155 4.57% 8.777.226.119 3.120 (145.115 499.647.120 - - (210.754.266 2.71 10. prem.29% 2.75% 26.Claims incurred to net premium (B2/D4) 5.24% 0.752 74.115 439.91% -1.Earning per share (D8/E1) (rs.Outstanding claims.164.10 85.363.558) 0 5.96% 0.00% 0.Total equity (A1 to A3) 1.236 682. per share) I.439 5.718 3.675 1.076 1.52% 882.304.841 8.

690.620.520 0 168.694 69. liabilities C..00% 8.000 0 520.071.Un appropriated profit 4.418.588 22.07 82.510.580 8.821. (E4/D8) (time) 190 .614 199.Other/misc.906 11.769 24. adv.212.794 17.00% 0.44% 0.14% 25.945 156.196.000 0 406.192 139.439.Return on assets (ROA) (D8/C) 3.685.929 4.917. assets 5.00% 0.022.Outstanding claims.907.352 193.864 446.921. prem.11% 0. Investment to total assets (C3/C) H.295 210.465 11.463 11.No.531 251.000 0.Liquidity ratios 1.39% 0.982 610.Earning per share (D8/E1) (rs.086.805.Profit & loss account 1.55% 147.420.462 35.797 785.328 158.00% 2.86% 82.00% 0.737.683 10.199 17.171 230.450.478.Cash dividend 3.839 496. due to other insurers 3.00% 390.61% 27.000 0.506.851 1.769 1.65% 0.765 20.239.683 368.266.765.15% 26.60% 136.956.965 22.844 8.492.978 45.340.Break up value per share (A/E1) (Rs.30% 7.520 900.Cash flow ratio 1.216 21.782.100.812 44.878.446.Balance of statutory funds 2.978.878 1.878 0 249.604 11.Others B.Financial Statement Analysis of Financial Sector State Life Insurance Corporation Ltd.353.522.520 18.492 16.223 1.15% 28.824 153.Investment income 2.878 406.91% 861.470.000 0.000 0 96.117.812.169 1.10 0.00% 0.100.126.991.718.723.971.444.716.599 6.642 11.769 293.944.00% 0.529 18.034.696 7.Profit/(loss) after taxation E.Reserves 3.09% 0.695.07 81.00% 0.778.673.70% 1.100.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.75 0.29 169.302 8.Return on equity (ROE) (D8/A) 2.98 0.579.29% 91.Gross claims 5.049 25.Cash and balances with banks 2.414 318.Gross premium 3.Other items 1.471 124.772 19.623.Capital ratio (A/C) 2.60% 908.638.423.940 268.519 17.295.Investments in securities & properties 4.701.Advances to policy holders & employs 3.137 169.733.366.111 1.280 9.357 7.627 18.273.330.93 108.368 2.67% 125.421.814.100.09 79.Total assets (C1 to C5) 1.840.176.690.Share capital 2.213.000 0 230.216 296.98% 74.800 25.130.913.376 1.650 250.285 9.192 2.Net premium 4.16% 36.098.966 11.000 0.454 28.216 1.67% 0.47% 0.581 520.861.00% 4.130 10.020.60% 7.499 13.90% 68.368 7.043 11.67% 68.99 105.61 107.827 20.878 30.38% 22.745.261. per share) I.459.Claims incurred to net premium (B2/D4) 5.437 340.18% 47.Efficiency ratios/profitability ratios 1.61 0.76% 0.Stock dividend/bonus shares 4.216 0 191. Items A.879 222.43% D.003 11.522 5.Total liabilities (B1 to B3) 1.163 30.000 0.28% 114.Profit/(loss) before taxation 8.696.666 15.Cash generated from operating activities F.000 0 318.Underwriting profit to profit after tax.Net claims 6.401.62% 108.65% 128.29 75.042..10 1.769 0 216.912 19.Total equity (A1 to A3) 1.492 19.163.146 12.425.411 177.Capital /leverage ratios 1.003 18.707.383 14.506 3.476 1.694.42% 2.985.103.550 177.Cash & bank balances to total assets (C1/C) 2.445.223 9.99% 0.25% 0.38% 24.Cash generated from operating activities to profit after tax.417 1.Underwriting profit 7.591 14.30% 1.Other/misc.00% 365. per share) 4.074.99 0.30% 32. (D6/D8) 6.752.899 35.562 16.98 77.961 217.439 259.090 259.62% 1. of ordinary shares 2.525.222.Investment income to net premium (D1/D3) G.492 230.223 0 292.601.

416 161.06% -129.492.Un appropriated profit 4.26% F.02% 58.823 4.75% 47.727 N/A N/A 608.Cash and balances with banks 2.Cash & bank balances to total assets (C1/C) 2.070 37.746.34% 14.806.656 37.052) (3.098 52.274.68% 22.122.061.998.926.047 0 53.491 19.626 78.553 7.07% 2.689 15.221 1.669.001.366 14.Claims incurred to net premium (B2/D4) 5.81% 12.805.57% 76.627.621.738 N/A N/A (1.04% 70.361 17.392 17.065.557.Profit & loss account 1.411 17.20 158.975) N/A N/A 262.026 26.34% 2.291.175 68.254 76.Investment income to net premium (D1/D3) G.79% 26.020 20.Capital ratio (A/C) 2.616.036 6.499 7.Gross premium 3.460.613.577 15.321.518.29% -4.903 37.032 43.672 38.175.451 3.824 134.645.419 7.70% 2.018) 14.11% 0.047 5.814 28.206.704.Financial Statement Analysis of Financial Sector Non-Life Insurance Corporations .742 14.099 37.915.109 (1.074.252 5.486.190.Investments in securities & properties 4..481 27.117 37.314 20.681 13.184.359.925.730 23.253.174.755.902 135.978.Liquidity ratios 1.863 2.07 61.594.095.Investment income 2.733 8.56% 34.745 8.213 55. (E4/D8) (time) 191 .877 33..07% 4.200 1.847.Return on equity (ROE) (D8/A) 2.467.374.248 1.650 53.001 N/A N/A 796.088 45.852 16. prem.841 51.Underwriting profit to profit after tax.926.174.Balance of statutory funds 2.926.31 160.586.62% 182.462 36.26% 2.736.069 44.Total equity (A1 to A3) 1.198 14.531.85 57. (D6/D8) 6.Gross claims 5.68% 6.10 52.163.172.780.31% -2.350 66.984 11.Net premium 4.Return on assets (ROA) (D8/C) 3.536 73.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 62.97% 21.690 2.77% 0.820.894 4.500.456 59.624.67 202.47% 33.972 23.686 151.630.500.137.784.667 4.Others B.960.296 22.807.482 155.56% 0.225 15.560.473.475 3.658.066 16.Underwriting profit 7.614 (4.Reserves 3. due to other insurers 3.827.073.197.453.379 5.385 77.520 14.No.209.Share capital 2.394.940.489 15.310.90% 3.164 37.147 30.65% 6.516 50.653.402 65.318 5.839.486 403.121.Overall Items A.920.Total assets (C1 to C5) 1.917.347. assets 5.368.Cash flow ratio 1.Profit/(loss) after taxation E.Total liabilities (B1 to B3) 1. of ordinary shares 2.52% -1.364.28 53.Outstanding claims. liabilities C.315 0 35.511.715 197.14 53.Advances to policy holders & employs 3.729.863.10 50.444. per share) I.173 4.943 22.293.901 73.Earning per share (D8/E1) (rs.54% -18.199) 41.790.Efficiency ratios/profitability ratios 1.704 81.395 980.39% 90.018 128.496.101.494 6.00% 0.37% 56.365.266 12.31% 41.094.141.87% 32.326 699.496.419.60% 38.928.569.353 55.954.Other/misc. per share) 4.171 0 55.Cash generated from operating activities to profit after tax.Other/misc.003 79.Profit/(loss) before taxation 8.Other items 1.905 151.22% 3.767.696.661.425.611 2.610.40% 43.98 58.90 52.Stock dividend/bonus shares 4.154 3.Capital /leverage ratios 1.03% 4.855.111 0 37.075 107.820 41.651 70.57 157.96% 0.143 23.550 26.109.46 175.393 D.598 7.409.153.821 125.623 23.106. adv. Investment to total assets (C3/C) H.Cash dividend 3.608 40.001.Break up value per share (A/E1) (Rs.256 387.805 0 40.155 30.11 54.527 18.30% 7.68 1.201 5.038.Cash generated from operating activities N/A N/A 652.Net claims 6.799.559 1.

125.461 45.Share capital 2.03% 6.137.185 24.402 98.Reserves 3.928 13.50% -5.402 82.358 0 292.091 29..Profit/(loss) after taxation E.Claims incurred to net premium (B2/D4) 5.Other items 1.513 8.Capital /leverage ratios 1.922 23.Return on assets (ROA) (D8/C) 3.004 0 0 1.595 308.53 0.025 86.00% 0.08% 93.391 21.Gross claims 5.23% - 1.171.Cash and balances with banks 2.827 8. Items A.58% 11. per share) 4.611 36. adv.Other/misc.Efficiency ratios/profitability ratios 1.Cash generated from operating activities to profit after tax.666 228.68% 0.000 0.88% 118.Cash generated from operating activities 109.41% 2.216 160.71% 11.000 0.00% 32.92% 1.35 86.707 0 0 308.309 18.12 34.32 0.118) 20.. due to other insurers 3.165 3.000 0.00% 34.Underwriting profit to profit after tax.Advances to policy holders & employs 3.93% 0.00% 0.82 81.424 82.Stock dividend/bonus shares 4.216 0 0 359.Total assets (C1 to C5) 1.148) 30.355 B.Return on equity (ROE) (D8/A) 2.000 31.Break up value per share (A/E1) (Rs.401 39.Investment income to net premium (D1/D3) - G.195 32.025 30.503 16.899 0 25.95 32.00% 0.106 16.645 12.90% 0.000 1.572 77. assets 5.Balance of statutory funds 2.195 32.28% 2.Investment income 2.939 17.Un appropriated profit 4.Cash dividend 3.58% 13.03 25.Others 2008 2009 145.165 (1.00% 0.266 445.089 21.Financial Statement Analysis of Financial Sector ACE Insurance Aid Pacific Ltd.627 0 51.75 353.Liquidity ratios 1.808 250.954 96. (D6/D8) 6.327 368. of ordinary shares 2.07% 7.500 18.601 361.952 275.931 0 88.670 0 0 456.000 25.538 61 0 87.032 550.64% 18.974 0 0 674.24% 0.942 10.Net premium 4.165 0 414 236.38% 1.96% 11.891 108.091 0 0 972.18% 197.593 28 292.69 1.000 0.Earning per share (D8/E1) (rs.23% 1.23 19.14% 5.751 224.89% 353.670 200.Total equity (A1 to A3) 1.060 108.00% (1.Other/misc.Profit & loss account 1.457 558 363.03 559.00% 0.63 390.40% 0.000 16.00% (13.08% 0.000 91.999 173.06% 11.Outstanding claims.Fixed assets (Thousand Rupees) 2010 2011 2007 300.059 C.00% 0. prem.514 191. liabilities 279.398 120.00% 0.00% 21. per share) I.Gross premium 3.534 1.194 0 499.44% 4.778 1.55 0.08% 0.447.Total liabilities (B1 to B3) 2011 - D.53% .Underwriting profit 7.316 F.528.101 30.808 0 0 1. Investment to total assets (C3/C) H.00% 291.564 71.533 0 963.040.843 305.239 0 1.Capital ratio (A/C) 2.000 24.525 273.19% 0.889 19.827) 25.753 264.047 456.55 0.62% 12.Investments in securities & properties 4.626 131.004 300.537 837.59 0.No.213 353 172.29% 3.Profit/(loss) before taxation 8. (E4/D8) (time) 192 -84.22% -6.Net claims 6.604 681.Cash & bank balances to total assets (C1/C) 2.456 391.19% 0.Cash flow ratio 1.

20% 0.753 8.Reserves 3.062 1.749 6.197 27.Share capital 2.54% 27.705 24.00% 0.983.207.452.136.447.531.578 5.175 1.915.817 22.40% 1.731 0 14.Capital /leverage ratios 1.Return on equity (ROE) (D8/A) 2.Other items 1.288 18.Gross claims 5.132.33% 0.520.271.157..50% 5.40% 16.Investment income 2.098.968) 132.11% 0.022.173.601.25% 40.No.025.139) 112.753.833.251 4.273 0 11.76% 11.Underwriting profit to profit after tax.Cash generated from operating activities F.608.875 1.201. assets 5.70% 11.131 852.315 11.27% 88.Profit/(loss) before taxation 8.086 9.Efficiency ratios/profitability ratios 1.781.659 6.383 9.929.Total equity (A1 to A3) 1.Liquidity ratios 1.92 45.599.76 41.Net premium 4.091 119.Return on assets (ROA) (D8/C) 3.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 7.000.216 0 9.598.806.066.Break up value per share (A/E1) (Rs.050 10.Investment income to net premium (D1/D3) G.21% 0.378.105 8.102 8.124.113 528.818 6.486.88% 95.852 4. per share) 4.177 102.Claims incurred to net premium (B2/D4) 5.84 45.555 123.Cash & bank balances to total assets (C1/C) 2.237.09 152.250 1.Earning per share (D8/E1) (rs.00% (718.802 4.381 0 8.237.Stock dividend/bonus shares 4.10 33.344.242.Cash generated from operating activities to profit after tax.00% 0.517 0 10. adv.900.05 43. per share) I.Total assets (C1 to C5) 1.705 25.887.351 1.034 24.276) 123.022.Other/misc.Other/misc.344 7.765.104 28.Investments in securities & properties 4.366 9.192 5.41% 2.236 0 13.042 0 10.699.666.154.42% 22.378.312 8.00% (48.392 2.089 10.419 9.333.73% 0.839 679.078.10% 12.913.134.124 855.76% 36.638 8.459 30.049 10.804 2.717 1.451.731 11.380) 54.632 (41.75 132.548.397 10.020 779. Items A.55% 1.852 7.480 2.69% 85.612. Investment to total assets (C3/C) H.952.883.94% 12.43% 4.928 1.150 2.Profit/(loss) after taxation E.84% 81.208.181.886.378 6.886.721 541.Cash flow ratio -0.897 5.74% 3.831.167 952.027.235 0.89% 50.32% 1.50% D.722.690.442.69% 0.506 19.87 39.Cash dividend 3.967 17.030 8.71% 10.99 49.00% 9.658.479.39% 41.00% 0.Balance of statutory funds 2.453 26.152 367.10 44.045 1.685.321 4.32% 21.749.450 21.052.91% -9.231 6.175 9.885 4.45% 88.401 6.91 137.735 2.Financial Statement Analysis of Financial Sector Adamjee Insurance Company Ltd.452 2.Net claims 6.Others B.406.979.877 1.203 0 2.Gross premium 3.704.97% -543.22% .943 4.Advances to policy holders & employs 3.547 8.91% 22.11 38.045 1.00% (16.486.348 2.916 10.Capital ratio (A/C) 2.61% 33.163..247 765.099 1. of ordinary shares 2.004 1.240 3.451.906 1.06% 399.963 954.77% 74. due to other insurers 3.516 245.324) 102.422.737 11.082. liabilities C.614. (D6/D8) 6.Cash and balances with banks 2.114.697.747 1.551 6.284.12 11.00% 291.321 0 16.241.10 39.927 27.Profit & loss account 1.00% (354.235 30.586 1.Outstanding claims.Underwriting profit 7.39% 1.791.998 14.625 8.813 484.918 1.351 963.Total liabilities (B1 to B3) 1.651.175.643. (E4/D8) (time) 193 -32.753.099.Un appropriated profit 4.486 0 11.123 5. prem.959 8.378 2.257 2.07 156.00% 10.

009 110. per share) I.Investment income 2.53% 7.Other items 1.Break up value per share (A/E1) (Rs.Investments in securities & properties 4.00% 0.Investment income to net premium (D1/D3) - - 0.311 9.829 0 24.202 140.400 1.Profit/(loss) before taxation 8.237 140.12 22.Other/misc.Total assets (C1 to C5) 1.Return on assets (ROA) (D8/C) 3.970 0 0 0 0 0 9. prem.Cash dividend 3.76% 7.466 1. Items A.Stock dividend/bonus shares 4.Total equity (A1 to A3) 1. (E4/D8) (time) 194 .Earning per share (D8/E1) (rs.Capital ratio (A/C) 2.775 4.Cash & bank balances to total assets (C1/C) 2.00% 0. adv.062 76.650 (41.Net claims 6. (D6/D8) 6.57 - - - D.Gross premium 3.Un appropriated profit 4.Profit & loss account 1.27% 0.Cash generated from operating activities to profit after tax.677 13.00% (2.Capital /leverage ratios 1.49% - - 97.Share capital 2.No.Gross claims 5.Claims incurred to net premium (B2/D4) 5.00% - - - 0.040 0.95% -7.Liquidity ratios 1.Total liabilities (B1 to B3) 1.94% 28.267) - - - 8. Investment to total assets (C3/C) H.475 0 1.44% 0.Efficiency ratios/profitability ratios 1.71 97.072 102.Profit/(loss) after taxation E. of ordinary shares 2.Cash generated from operating activities F.965) - - - 14.46% 8.837 71.Financial Statement Analysis of Financial Sector Agro General Insurance Company Ltd.75% -0..839) (7.Cash and balances with banks 2.466 1.Underwriting profit 7.371) 14.14 - - -451.538 0 1.Others B.813) 0 2.00% (41.154 (5.400 1.479 0 21.Outstanding claims. per share) 4.650 (33. assets 5.040 0.051) 0 0 0 0 0 (7.848) 0 2.46% G.00% 0.Reserves 3.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - - - 108.138 873 100.Cash flow ratio 1.Return on equity (ROE) (D8/A) 2..Other/misc.Balance of statutory funds 2. liabilities C.65 -7.Advances to policy holders & employs 3.04 20.Net premium 4.507 727 - - - 12. due to other insurers 3.Underwriting profit to profit after tax.

69% -252.533 22.487 53.944 259.229 303.083 61.28% 10.588 161.Capital ratio (A/C) 2.454 363.229 303.083 61.494 48.28% 10.215 116.Total liabilities (B1 to B3) 1.270) (7.31 21.08% 0.55% -27.425 325.Stock dividend/bonus shares 4.486) 29.360 0.602 597.487 84.461 948.36% 14.42% 1. assets 5.175 11.987 325.55% -27.192 0. per share) I.Earning per share (D8/E1) (rs.453 86.543 (9.00% 0.476 0 220.856) 30.360 0.20% 47.Financial Statement Analysis of Financial Sector Alflah Insurance Company Ltd Items A.511 88.80% 16.33% (38.766 160.736 10.886 0 195.28% 10.039 90.055 77.796 61.Profit/(loss) after taxation E.Cash generated from operating activities to profit after tax.723) 2.360 0.35 16.403 0 215.Break up value per share (A/E1) (Rs.Cash and balances with banks 2.920 50. due to other insurers 3.111) 30.454 363.023 14.04 248. (E4/D8) (time) 195 .229 303.08 237.167) 16.00% 0.620 0 236..00% (29.737) (821.201 0 108.Efficiency ratios/profitability ratios 1.600 10.Profit/(loss) before taxation 8.918 99.270) (7.Capital /leverage ratios 1.Net premium 4.50% -252.137 480.425 84.737) (821. liabilities C.161 (26.09 48.886 0 195.55% 3.161 (26.Other/misc.124 11.076) 29.501 89. per share) 4.92 263.62% 0.737) (821.41% 5.076) 12.Investment income 2.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 256.Cash generated from operating activities F.Return on equity (ROE) (D8/A) 2.588 0 77.580 147.00% 0.Net claims 6.15 20.602 597.46% -86.015 39.Others B.64% -1.Cash & bank balances to total assets (C1/C) 2.886 0 195.15 20.Advances to policy holders & employs 3.Other/misc.32% 6.Investment income to net premium (D1/D3) G.076) 29. prem.Cash dividend 3.461 948..292 225.Total equity (A1 to A3) 1.736 10.476 0 220.00% (29.64% 3.Liquidity ratios 1.55% -27.649 144.015 39.00% (44.175 11.649 144.Underwriting profit 7.600 10.051 0 258.Total assets (C1 to C5) 1.531 235.15 20.50% 0.290 232.30% 85.55% 3.53% 3.013 0 248.No.111) 30. (D6/D8) 6.64% 3.461 948.60% 18.Investments in securities & properties 4.88% 55.215 116.266 33.04 248.Other items 1.00% (29.20% 47.111) 32.440 50.944 259.270) (7.658 4.400 135.736 10.146 121.744 10.870 (17.64% 3.215 116.50% -252.649 144.Claims incurred to net premium (B2/D4) 5.Return on assets (ROA) (D8/C) 3.Reserves 3.00% -7. Investment to total assets (C3/C) H.20% 47.511 88.175 11.161 (26.Balance of statutory funds 2.Cash flow ratio -45.00% 0.36 34.Share capital 2.00% 33.07% 0. adv.600 10.Un appropriated profit 4.511 88.46% -86.71 34.52% -3.Gross claims 5.Outstanding claims.476 0 220.62% 49.655 84.087 514.487 53.Underwriting profit to profit after tax.602 597.083 61.991 166.015 39.Gross premium 3.Profit & loss account 1.55% D.944 259.62% 0.655 20.454 363.76% 21.144 5.71 256.425 325.04 248.46% -86.487 53.71 34. of ordinary shares 2.

Other items 1.776 326.917 0 605.Profit/(loss) before taxation 8.54% 1.76% - - - 0.66% 35.590 57.04 50. (E4/D8) (time) 196 .Return on assets (ROA) (D8/C) 3.449 37.076 2.990 38.823 84.Capital ratio (A/C) 2.35% 1.85% 10.810 - - - 43.Total equity (A1 to A3) 1.Break up value per share (A/E1) (Rs.038 776.272 0 468.04 48. prem.Balance of statutory funds 2.000 0. Items A.831 92.90 78.90 - - - -751.Gross premium 3.Share capital 2.39% 5. assets 5.58 62. liabilities C.Cash and balances with banks 2.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - - - 270.Total liabilities (B1 to B3) 1.Net premium 4.Cash generated from operating activities F.Outstanding claims. per share) 4.Investment income to net premium (D1/D3) G.064 25.000 0.No. Investment to total assets (C3/C) H.Advances to policy holders & employs 3.167 680.011 21.212 645.41% 5.35% 17.607) 30.35% D.000 0 26.Claims incurred to net premium (B2/D4) 5.Total assets (C1 to C5) 1.54% - - - 28.Investment income 2.Underwriting profit 7.878 427.00% 0. adv.00% 0.259 632.13% 10.Other/misc. (D6/D8) 6.Others B.Gross claims 5.00% (108.026.Earning per share (D8/E1) (rs.658 0 606.84% 0.51% 0.Investments in securities & properties 4.124 25.582 35.827 1.851 - - - 25.Cash flow ratio 1.Efficiency ratios/profitability ratios 1.Reserves 3.124 523.Cash generated from operating activities to profit after tax.654 96.096 - - - 5.Un appropriated profit 4.70% 6.386 14.073 250.804 56.Net claims 6.Underwriting profit to profit after tax.Return on equity (ROE) (D8/A) 2.Financial Statement Analysis of Financial Sector Allianz EFU Health Insurance Company Ltd.Cash & bank balances to total assets (C1/C) 2.Cash dividend 3.Stock dividend/bonus shares 4.. of ordinary shares 2.094 959.Liquidity ratios 1.924 0 699.000 0 20.80 31.156 995.010.Other/misc.792 450. per share) I.073 0 689.89% 14.206 1.Profit & loss account 1..969 0 518.19% 101. due to other insurers 3.Profit/(loss) after taxation E.338 963.00% 20.Capital /leverage ratios 1.924 300.

401 0 56.Investment income to net premium (D1/D3) G.00% 0.485 9.00% 0.44% .09% 3. due to other insurers 3.941 10.46% 11.643 96.876 0 113.57% 11.Net premium 4.549 46.208 63.418 127.Cash generated from operating activities F.Share capital 2.269 159.Investments in securities & properties 4.378 65.00% 50.Underwriting profit to profit after tax.545 9.Others B.768 31.32 63.074 10.860) 25.148 14.01% 1.Cash dividend 3.15% 0.411 26.35% 0.26% 91.052 183.00% 0.Capital /leverage ratios 1.Gross premium 3.00% (3.82% 1.321 0 4.Total liabilities (B1 to B3) 1.000 2.50 48.46% 72.Other/misc.540 59.448 5.451 7.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 138.272 342.00% (14.149 43.043 4.802 228.46% 0.704 12.Un appropriated profit 4. (D6/D8) 6.Cash and balances with banks 2.Profit/(loss) before taxation 8.24 19.Investment income 2.261 9.130) 20.10% 29.Underwriting profit 7.913 128.537 29.101 7.842 232.87% 4.644 32.060 60.764 282.84% 75.457 200. Investment to total assets (C3/C) H.No.301 168.00% 33.00% (4.000 0.301 57.583 300. Items A. per share) I.67% 1.495 539.957 127.00% (17.14% 1.519 148.Cash & bank balances to total assets (C1/C) 2.47 54.79 28.36 5.32 324. prem.000 2.Reserves 3.053 120.934 200.95% D.76% 0.083 136.13% -393.500 21.72% 2.304 9.456 79.Gross claims 5.Net claims 6.Advances to policy holders & employs 3. of ordinary shares 2.574) 30.65% 3.461 24.000 0.208 67.665 12.952 1.570 53.013 163.460 7.000 0.98% 0.Other/misc.04% 11.34 1.53% 11.822 59.570 160.208 67.382 0 7.639 58.Other items 1.36 12.000 2.Break up value per share (A/E1) (Rs.417 0 6.232 54.737 3.Cash flow ratio -45.474 4.Financial Statement Analysis of Financial Sector Asia Insurance Company Ltd.101 9. (E4/D8) (time) 197 -56.41 1. adv.68% 0.08% 0.208 45.356 80.553 27.500 40.42 -304.680 7.918 250.131 21.67% 2.553 419..02% 59.Balance of statutory funds 2.Total equity (A1 to A3) 1.998 0 22.500 15.522 14..108 46. liabilities C.496 377.57% 59.135 0 8.167 63.93% 71.500 25.000 2.081 7.Claims incurred to net premium (B2/D4) 5.00% (6.626 0 39.Profit/(loss) after taxation E.203 26.Stock dividend/bonus shares 4. per share) 4.000 10.31% 21.534 29.325) 6.Outstanding claims.103 69.42 62.30 21.46% 0.73% 29.Capital ratio (A/C) 2.79% 0.Earning per share (D8/E1) (rs.518 176.738 456.854 0 6.311) 16.34 32.518 19.286 33.Return on equity (ROE) (D8/A) 2.355 4.88% 65.338 162.34% 11.Efficiency ratios/profitability ratios 1.500 30.886 21.916 334 11.070 127.000 0.319 52.143 12.Liquidity ratios 1.Cash generated from operating activities to profit after tax.58% 0. assets 5.000 2.Total assets (C1 to C5) 1.887 0 2.Return on assets (ROA) (D8/C) 3.45% 1.16% 0.72% -65.302 33.Profit & loss account 1.18 30.

Cash generated from operating activities to profit after tax.Other/misc.Investment income to net premium (D1/D3) 18. due to other insurers 3.Cash flow ratio 1.956 512.796 103.16 24.996 17.775 74.72% 15.82% 230.412 203.658 828.398 0 1.159 510.06 35.Cash dividend 3.000 62.079 108.Gross premium 3.215 1.283 547.594 1.97% 14.33 165.350 78.17 21.Profit/(loss) before taxation 8.Return on assets (ROA) (D8/C) 3.13% .00% 10.880 423.Claims incurred to net premium (B2/D4) 5.027 130.22% 1.16% 7.30 148.297 0 724.467 327.418 52.28% -285.63% 3.096 1.036 639.Stock dividend/bonus shares 4.750 65.889 4.377 0.980 130.857 142.052 (522.075) (27.684 20.Gross claims 5.Cash generated from operating activities F.01% 3.00% 88.833 203.696 20.658 17.648 432.581 79.Efficiency ratios/profitability ratios 1.386 6.55% 0.783 2.813 47.30% -1.Financial Statement Analysis of Financial Sector Askari General Insurance Company Ltd.Net premium 4.094 1.Capital ratio (A/C) 2. assets 5.658 49.31% 14.775 74.184 104.112.Share capital 2.377 0.Underwriting profit to profit after tax.566 1.33 158.Total assets (C1 to C5) 1.00% 0.174) 1.901 616.393 72.00% (53.101 0 1.00% 25.25% 0.Outstanding claims.12 164.50% 15.88% 25.01% -26.00% 4.55% 8.67% 154.23% 0.251 2. (E4/D8) (time) 198 -17.00% (17.856 20.98% 15.35 133.Advances to policy holders & employs 3.Cash and balances with banks 2.70% G.50 27.197 413.808 115.096.27% 8.190 554.Capital /leverage ratios 1.987 268.607 533.426) 78. (D6/D8) 6.340 0 839.453.17% 4.649 805.176 630.340 0 1.08 35.117.Break up value per share (A/E1) (Rs.Total liabilities (B1 to B3) 1.957 203.138. liabilities C. per share) I.544) 51.890 109.821 0.344.817 423.Earning per share (D8/E1) (rs.544.536 1.15 37.00% 10.990 51.Underwriting profit 7.00% 0.293 1.24% 2.Investment income 2.63% -113.07 42.840 47.Profit/(loss) after taxation E.675 0.86% 217.93% -3.021) 0 927.357 126.659 37.Others B.Balance of statutory funds 2.639 156.227 417.13% 0.210 74.098) D.816 385.Other/misc.Return on equity (ROE) (D8/A) 2.524 0 921.971 295.Liquidity ratios 1.802 69.10 34.137 53..Net claims 6.108 2.378 0.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 284.217.Reserves 3.87% 0.757 (15.Other items 1.002.52 22.209 1.654 650.347 47.208 308.934 91.251 85.594 169.759 829.843 489. of ordinary shares 2.585) 30.02 171.394 810.45% 13.294 0 813.08% 0.728 12.277 4.Cash & bank balances to total assets (C1/C) 2.563 210.93% -10.099 378.195. Investment to total assets (C3/C) H.063 802.47% 18.746 87.921 65.971 633. Items A.429 513.752 114.132.659 (28.14% 4.089.100 583.Un appropriated profit 4.113 1.00% 30.47% 385.No.658 (10. prem.26% 2.776 74. adv.772 0 902.59% 0.87% 2.996 51.644 315.20% 1.Profit & loss account 1..26% -2.434 15.Total equity (A1 to A3) 1.Investments in securities & properties 4.022.322 487. per share) 4.

20 48.23% .206 231.00% 25.434 158.492) 0 713.559 222.444 192. per share) I.Break up value per share (A/E1) (Rs.104 144.Investment income to net premium (D1/D3) G.064 (199.497 353.629 45. (E4/D8) (time) 199 -46.09% 23.700 443.Advances to policy holders & employs 3.010.064 243. assets 5.178.944 0 697.00% 35.Cash & bank balances to total assets (C1/C) 2.012 43. per share) 4.69 429. adv.Total liabilities (B1 to B3) 1.631 16.703 709.534 265.398 26.Other items 1. due to other insurers 3.492 314.916 1.Total assets (C1 to C5) 1.00% 30.Earning per share (D8/E1) (rs.313 1.974 591.00% 357.00% (139.80% -1.339.218 0 1.Un appropriated profit 4.Share capital 2.406 409.631 2.504 41.90% -52.98 46.57% 82.Others B.39% 19.946 428.Capital /leverage ratios 1.27% 12.Claims incurred to net premium (B2/D4) 5.256 215.658 133.634 1.067 118. Items A.230) 42.49% 6.174) 861.24 37.048 726.072 49.88% -14.019 268.26% 6. liabilities C.93% 6.994 1.281 0 697.269 304.42% 55.80 42.33% 11.963 195.153 206.36% 29.Gross claims 5.Cash flow ratio 1.794 36.Stock dividend/bonus shares 4.Return on assets (ROA) (D8/C) 3.Underwriting profit 7.994) (199.250 639.201 600.085 54.115 244.679 626.Capital ratio (A/C) 2.397 369.Investment income 2.064 301.Balance of statutory funds 2.97% 46.Cash and balances with banks 2.084 301.294 40.064 190.164 19.191 201 558.168 20.Net claims 6.36% -60.747 479.905.30% 0.130 242.00% 175.289 289.759 1.467 (140.938 265.846 (305.919 442.00% 2.Profit/(loss) before taxation 8.31% 0.173 2.402 507.08% -26.917 0 1.Outstanding claims.159.157.340 0 1.Efficiency ratios/profitability ratios 1.572 1.230 0.55% 84.89% -7.32 39.00% 20.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 970.294 253.82% 14.068.522 65.64% 19.Reserves 3.Return on equity (ROE) (D8/A) 2.197 447.68% -10.25% 23.80 301.586 (176.447 557.Profit/(loss) after taxation E.733.593 467.585) 118.00% 20.130 0 1.136 15...Investments in securities & properties 4.Financial Statement Analysis of Financial Sector Atlas Insurance Company Ltd.230 782.Net premium 4.064 410.078.Cash generated from operating activities F.04% -179.34% 26.Underwriting profit to profit after tax.03 52.929 465 494. prem.85 182.Liquidity ratios 1.994) (199.60% 22.585) 102. (D6/D8) 6.780 724 1.88% 0.33 42.94% 0.591 117 1.004.089.Profit & loss account 1.28% 70.434 200.296 747.39% D.504) 199.72% 23.Other/misc.421 856.381 530.Other/misc.Cash generated from operating activities to profit after tax.Gross premium 3.00% 0.912 40.66% 28.40% -31.056 44.15 36.102.No.43 162.57 380.000 383.Cash dividend 3.141.35 29.844 25.337 0 1.585 400.734 492.256 888.12 58.581 177 772.924 327.034.59% 0.20% 22. of ordinary shares 2.00% 30.093 660.030 47.166 0 872.009.355 104.386 (140.48% -1.963 335. Investment to total assets (C3/C) H.535 195.650 70.352 153.92% -79.Total equity (A1 to A3) 1.592 0 763.

146 0 107.Others 2008 2009 126.657 61.298 22.055) (11.645 0 7.64% .853 0 34.684 262.00% 0. prem.53 67.Cash flow ratio 1.426 71.137.570 24.196 12.08 173.164 4.488 163.163 B.572 0 87.48% 1.235 (8.936 1.13 9.362 6.012) 9.12% -925.398 0 17.893 1.448 55.00% 1.90% 93.Earning per share (D8/E1) (rs.Investment income 2.72% 120.157 12.69% 16.870 55.10% 10. Items A.Balance of statutory funds 2.398 10.21 26.475) 12.00% 0.020 0.77% 0.737 120.Profit/(loss) after taxation E.814 11.16% 101. of ordinary shares 2.956 5.545) 25.54% -0.18 61.682 9.Outstanding claims.705 55.472 337.15% - - 1.Financial Statement Analysis of Financial Sector Capital Insurance Company Ltd.59% 10.30% 82.280) (11.Other/misc. (D6/D8) 6.764) 8.00% (53.71 132.72 78.95% 1.171 2.756 2.207 68. liabilities 15.853 10.Net premium 4.159 43.Cash dividend 3.061 12.307 22.26% 22.013 264.619 9. (E4/D8) (time) 200 -1.994 340.557 240.845 62.Underwriting profit to profit after tax.61% 0.Cash generated from operating activities (5.18 8.91% 51.154) 3.818 0 55.480 2.686) 20.Fixed assets (Thousand Rupees) 2010 2011 2007 548 27.07% 68.081 266. per share) I. due to other insurers 3.Total equity (A1 to A3) 1.Other items 1.007 (6.829) (9.125 12.329 200.00% 0.049 160.Claims incurred to net premium (B2/D4) 5.15 65.23% -298.Gross claims 5.372 237.00% (32.787 8.747 122.Share capital 2. adv.349 154.04% -4.Investments in securities & properties 4.76% -5.32% 0.705 425 3.Other/misc.252 11.144 26.516 0 91.589 24.Efficiency ratios/profitability ratios 1.293 391. per share) 4.936 (3..59% 98.86% 6.50% 0.375 35.593 10.06% 10.77% -0.878 830 6.36 23.185 263.29 515.013 0.841 50.375 31.346 6.97% -34.696 22.Advances to policy holders & employs 3.448 8.949 4.Profit & loss account 1.75% 10..Capital ratio (A/C) 2.Total liabilities (B1 to B3) 2011 - D.016 0.106 0 (6.Un appropriated profit 4.29% 2.Underwriting profit 7.392 16.28 36.46 67.70% 0.590) 389 6.196 10.00% 0.Return on equity (ROE) (D8/A) 2. assets 5.562) 3.813 5.936 (10.73% 0.580 250.426 22.Gross premium 3.271 0.974 71.593 12.036 16.Cash & bank balances to total assets (C1/C) 2.949 4.Investment income to net premium (D1/D3) - G.76% 1.Capital /leverage ratios 1.03% 0.700 118.898 0 48.653 38.206) -6.Profit/(loss) before taxation 8.Return on assets (ROA) (D8/C) 3.37% -7. Investment to total assets (C3/C) H.21 1.57 79.Break up value per share (A/E1) (Rs.904 73.24% 0.00% (10.554 8.642) F.654 67.Cash generated from operating activities to profit after tax.Reserves 3.737 C.69% 0.019 156.Total assets (C1 to C5) 1.98% 0.39% 10.562.Cash and balances with banks 2.Liquidity ratios 1.No.925 15.480 (1.800 0 31.541 209.Net claims 6.Stock dividend/bonus shares 4.

34% 11.244 373.Capital ratio (A/C) 2.467 87.867 45.Return on assets (ROA) (D8/C) 3.Cash generated from operating activities to profit after tax.Net claims 6.622 164.477 0 1.Investments in securities & properties 4.07 58.707 95.93% 0.992 (38.27% 20.461.947) (69.293.959 457. (E4/D8) (time) 201 .244 373.24% 2.07% -1.48% 2.90% 0.330.547 852.40% 8.09% 228.060 0 840.378 356.Total equity (A1 to A3) 1.544 316.296 122. assets 5.402 0.260 53.732 0 299.00% 30.158 167.940 0 432.00% 117.070 201.72% 0.365 0 368.00% 1.646 96.985 97.181 169.836 0 259.91% 0.57 71.058.416 0 464.024 91.42% 0.031 359.565 248.834 56.933 168.08% -911. per share) 4.645 48.753 18.97% 18.40 155.Gross premium 3.132 42.89% 20.28% 21.370 32.Liquidity ratios 1.46% 58.024 131.44% 0.505 87.Profit & loss account 1.778 0 520.024 94.Investment income 2.07 63.95% -135.123 25.147 241.062 109.00% 0.00% 30.Efficiency ratios/profitability ratios 1.Gross claims 5.Outstanding claims.Claims incurred to net premium (B2/D4) 5.151.319 64.58 18.Cash and balances with banks 2.942 79.724 0.030 (39.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 522.646 1.Break up value per share (A/E1) (Rs.14% 0. due to other insurers 3.03 64.724 10.760 43.033 174.191 182..Others B.394 219.211 961.691.325 42.958) 105.836 75.48% 347.585 0 330.616 941. prem. Investment to total assets (C3/C) H.631 11.15 27.85% 22. liabilities C.385 110.048 40.401 218.244 373.191 45.55 237.00% 57.000 1.875 467.691 0 371. per share) I.Cash flow ratio 1.Earning per share (D8/E1) (rs.821 0 464.Un appropriated profit 4.61 644.788 1.Cash & bank balances to total assets (C1/C) 2.Balance of statutory funds 2.129 146.031 0 1.024 21.47% D.77% 4.16 73.313 0 735.00% 0..334 43.07 63.Share capital 2.724 0.Cash generated from operating activities F.094 496.63 72.Other/misc.371 338.378 45.37% 20.67% 1.00% 8.724 10.40 97.518 88.Other items 1.05% 30.231 947.110 25.93% 6.84% -35.534 254.639 467.422 1.410 206. adv.00% (167.00% 0.Investment income to net premium (D1/D3) G.023 110.633 457.Profit/(loss) after taxation E.Advances to policy holders & employs 3.045 457.21% -6.No.244 373.055 921.Financial Statement Analysis of Financial Sector Century Insurance Company Ltd.Reserves 3.61% -167.646 63.Total liabilities (B1 to B3) 1.00% 0.034) 427.33% 2.041) 406.Stock dividend/bonus shares 4.58% 77.76% -8.034 225.169.49% 663.167 1.24 35.Capital /leverage ratios 1. Items A.422 (73.235 106.418 41.458 31.Total assets (C1 to C5) 1.163 37.Underwriting profit to profit after tax.644 121.Net premium 4.449 470.Return on equity (ROE) (D8/A) 2.834 0 312.Profit/(loss) before taxation 8.05% 48.53 268.52% 8. (D6/D8) 6. of ordinary shares 2.000 457.937) 45.520 0 848.15% 9.978 297.130 80.Other/misc.Underwriting profit 7.66% -15.Cash dividend 3.

774 (844.342 (4.701 3.Total liabilities (B1 to B3) 1.088 2.816 7.758 24.895 18.025 234.. Investment to total assets (C3/C) H.31 568.296 29.715 4.Capital /leverage ratios 1.08% -1.076 3.85% 196.063 0 155.66% 3.48% 162.Net premium 4.834) 39.551 528.Break up value per share (A/E1) (Rs.00% 9.834 133.914 20.349 97.592.26% 958.732 97.647 19.738 2.16% -1.Capital ratio (A/C) 2.00% 0.982 128.932) 18.088 3.708.00% 20.494 37.067.747.09% 5.Other/misc.01 94.249.19 82.818 279.35% 0.118) 179. adv.993 133.842. (E4/D8) (time) 202 -40.303.Reserves 3.918 25.349 14.540 3.610 0 137.680 64.504 3.Net claims 6.773 0 4.03% 3. per share) 4.234 69.851 133.Cash generated from operating activities F.272 108.017.355.421 128.190 203.943.709 179.160 3.040 16.00% 50.108 1.606 3.95% 0.79% -42.448.629 20.687 116.312 479.496 185.070 184.31 96.Other items 1. liabilities C.46% 13.039 133.00% 20.187.412 123.921 65.851 23.664 13.343. of ordinary shares 2.Un appropriated profit 4.401 0 156.336 0 146.34% -6.136 0 3.500 117.88% 870.382 3.57% 120.397 50.50% -10.Cash and balances with banks 2.31% 79.00% 20.396 139.508) 13.Cash flow ratio 1.10% 0.595 3.20 97.876 131.06% -6. per share) I.085 25.055 8.588) (12.088 3.Gross premium 3.070 14.Return on equity (ROE) (D8/A) 2.68% 6.927.64% .581 133.897) (855.Advances to policy holders & employs 3.567 145.Cash dividend 3.702 1.815) (9.835) (159.Financial Statement Analysis of Financial Sector Cyan Ltd.293.562 14.092 10.00% (29.47% -43.Total assets (C1 to C5) 1.520 0 4.458 20.088 2. Items A.23% 0.235 6.73 -1.51% 3.088 2.00 96. assets 5.141 151.544 0 32.00% (43.02 94.Outstanding claims.519 27.Cash generated from operating activities to profit after tax.764.433 390.695 10.Stock dividend/bonus shares 4.78% 2.957.Underwriting profit to profit after tax.752.Profit/(loss) after taxation E.064.Liquidity ratios 1.Claims incurred to net premium (B2/D4) 5.412 110.983 50.230 100 2.202.00% 86.Balance of statutory funds 2. (D6/D8) 6.Investment income to net premium (D1/D3) G.69% 1.13% 2.179 133.304 20.201.931 3.00% 5.115.77% 63.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 4.52 634.02 93.509 1.Underwriting profit 7.Profit & loss account 1.279 8..99% 12.Earning per share (D8/E1) (rs.17% -5.869.38% 0.12 278.Gross claims 5.503) (14.05 -216.No.670 48.713 12.Investments in securities & properties 4.254) (197.257 42.518 4.97% -24.197 66.88 10.02% 95.39% 226.369 2.079 4.84 95.640 4.474 0 188.Other/misc. prem.01 92.Cash & bank balances to total assets (C1/C) 2.Investment income 2.63% 0.27% 6.12% -25.23% 2.Return on assets (ROA) (D8/C) 3. due to other insurers 3.Efficiency ratios/profitability ratios 1.996 110.731 0 141.947.752 0 110.116.Others B.124.590 2.612 2.652.095 4.Profit/(loss) before taxation 8.11% D.Total equity (A1 to A3) 1.62% 294.891 13.Share capital 2.

955) 9.571 3.000 (5.07% 145.457.97% 0.093.809.No.950 1.192 5.868 3.Total liabilities (B1 to B3) 1.348 841.902 11.867.119 3.27% 27.68% -3.692 1.08% 76.442.Others B.154) 115.250.Investment income to net premium (D1/D3) G.124 125.123.00% 8.73 41.Total assets (C1 to C5) 1.091.Other/misc.000 40.694. Items A.606 2.223.295 14.F.645 14.36 141.662.267 1.564.299 (357.Other/misc.938.816 6.Capital ratio (A/C) 2.950.Earning per share (D8/E1) (rs.50% 0.Underwriting profit 7.95% 0.846.902 (321.000 8.630 846.258 721.747 3.55% -6.085 9.97 1.88 39.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 16.038 1.590 12.277.876 3.474.07 51. (D6/D8) 6.150.000 4.150.00% (507.902 11.09% -4.869 1.36% 7.775 12.389.541. Investment to total assets (C3/C) H.212.00% 252. liabilities C.899.Financial Statement Analysis of Financial Sector E.000 32.Outstanding claims.61% 2.02% 161.40% -1.000 27.944 7.805.54% 87.707.749 0 10.Total equity (A1 to A3) 1.286 709.30% 4.583 111.49% 59.09% 12.04 68.959) 12.299.31 169.90% 77.369.224.164.000 801.758.37 184.504 7.849.Un appropriated profit 4.535 801.456.Efficiency ratios/profitability ratios 1.Share capital 2.256 545.498 0 13.Advances to policy holders & employs 3.31% -1.49% 0.948 100.99% D.471..303.961.293 11.548 27.000 14. per share) 4.77% -47.Profit & loss account 1.806 0 10.229.812.267.086 9.674 5.Underwriting profit to profit after tax.21% -25.619) 9.544 560.101.576.536.00% 434.706.552 693.Cash & bank balances to total assets (C1/C) 2.24% 123.226) 673.418.07 48.Reserves 3.136.Return on equity (ROE) (D8/A) 2.432.995.295 8.00% 79.082 7.922) (5.902 582.098 1. adv.041 1.911.70% 204.000 8.833 5.507 371.211 5.902 11.710.General Insurance Company Ltd.77 47.Cash generated from operating activities F.000 600.176.41% -54.961 125.253 10.U.64 47.314 24.241 (176.73% 0.89% 0.304.395 6.400.Claims incurred to net premium (B2/D4) 5.155.491.Gross claims 5.00% 140.458 0 9.443 732.64% 90.669 1.06 58.500.880 12. per share) I.50% 0.00% 15.Investments in securities & properties 4.309 (5.552.684 2.93% 53.37% -27.381 3.352 89.Net claims 6.082 115.Other items 1.Investment income 2.793 608.444 66.975 1.162.930.856 6.267 12.Gross premium 3.000 12.941.885.591.475 9.01% 3.699.22% 242.862 759.382.Return on assets (ROA) (D8/C) 3.000 14.451.590 1.092.162.495 4.360 21.34% 6.770 18.434 10.171 1.169 0 12.875 (359.Cash generated from operating activities to profit after tax.Break up value per share (A/E1) (Rs.07% -6.570.349.101 11.223.49 266.110.119 21.Liquidity ratios 1.598.Cash and balances with banks 2.250.932) 14.12% 5.838 7.717 24.378.326 12.Cash flow ratio 1.000 60.967 0 14.591 8.Stock dividend/bonus shares 4.Net premium 4.524 9.Profit/(loss) before taxation 8.321) 185.000.433 (5.731) 0 14.50% 0.763) (413.Profit/(loss) after taxation E.73% 9.79% -86.764. due to other insurers 3.Cash dividend 3.60% 2. assets 5.000 6.000 8. (E4/D8) (time) 203 -33.184 1. prem. of ordinary shares 2.419.06 56.34% 9.58 138.452 1.Balance of statutory funds 2.Capital /leverage ratios 1.434 425.039 10..43% .

109 0 406.23% 16.740 866.Stock dividend/bonus shares 4.63 30.658) 674.50% 1.091 660.00% 17.88% 11.29% 30.11% 65.827 (561.Outstanding claims.803 47.45 55.945 178.67% 20.853 0.Total liabilities (B1 to B3) 1.50 13.91% 81.Capital /leverage ratios 1.220 0 232.123 0 191.00% 1.976 1.293 25.39% 16.25% 0.899 81.969 326.843 398.276 254.241 331.470 335.605 329.Cash & bank balances to total assets (C1/C) 2.285 10.338 277.Balance of statutory funds 2.Other/misc.296 89.Total equity (A1 to A3) 1.Underwriting profit 7.Other/misc.Profit/(loss) after taxation E.984 338.200 361. (D6/D8) 6.017 22.321) 45.000 319.75% 13.968 314.15 113.835 228.58% 538.955 52..00% 17.No.00% 10. assets 5.036 963.200 528.853 0. due to other insurers 3..006 502.07 34.89% 162.22% 62.263 255.Cash dividend 3.200 986 0 330.Investment income 2.685 233.06 30.871 34.08 58.452 80.535 307.40% 8.231 0 813.08 35.468 114.Profit & loss account 1.00% 10.548 8.166 0.Underwriting profit to profit after tax.846 30.08% 37.20 0.912 0 264.Claims incurred to net premium (B2/D4) 5.Share capital 2. adv.Others B.513 329.69% 1.Other items 1.529 102.66% 0.Gross premium 3.324 76.341 5.712 228.149 0 405.Financial Statement Analysis of Financial Sector East West Insurance Company Ltd.146 633.043 301.502 250.Liquidity ratios 1.705 0 168.683 79.762 713.00% 8.68 68.Cash and balances with banks 2.87% 1.33% 0.09% 0.37% 13.200 9. Items A. per share) 4.92% 21.Profit/(loss) before taxation 8.13% 235.Capital ratio (A/C) 2.968 306.Un appropriated profit 4.084 172.Return on assets (ROA) (D8/C) 3.642 40.388 0 315.Gross claims 5.526 110.Cash generated from operating activities F.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 634.491 153.Cash flow ratio 1.92% 14.526 100.86% 18.43 53.995) 537.573 0 243.486 53.00% 0.Break up value per share (A/E1) (Rs.599 0 273.810 257.39% 103.Investments in securities & properties 4.991 (151.Reserves 3.26% 0.106 436.33% 9.080 125.679 289.06 63.777 51.451 15.Investment income to net premium (D1/D3) - G.Efficiency ratios/profitability ratios 1.Earning per share (D8/E1) (rs. of ordinary shares 2.73% 4. per share) I.34 94.443 31.489 0 76.00% 10.150 51.016 265.Net premium 4.26% D.Total assets (C1 to C5) 1. Investment to total assets (C3/C) H.770 0 41.155 251.243 319.32% 23.93 49.54% 2.596 0 565.123 31.743 330.364 630.563 46.273.251 387.Cash generated from operating activities to profit after tax.00% 0.Advances to policy holders & employs 3.271 (527.00% 0 22.561 584.576 0 295.80% 36.487 0 290.655 75.758 276.51% 8.92% 0. prem.62% -128.482 55.851 100.45% 33.000 21.379 77.750 17.86% 25. liabilities C.071 64.959 280.138 0.Return on equity (ROE) (D8/A) 2.918 124.Net claims 6.033 10. (E4/D8) (time) 204 .88 109.00% 47.104 110.

per share) I.Underwriting profit to profit after tax.53% 230.37% 11.17 291.Cash dividend 3.003 0 85.113 4.18 81.Total liabilities (B1 to B3) 1.36% 0.544 0 17.498 57.49% 15.Net premium 4.747 18.00% 0.40% 3.108 16.Un appropriated profit 4.199 4.689 29.621 57.457 6.47% 5.Profit/(loss) before taxation 8.000 0.06 69.207 7.741 42.Return on assets (ROA) (D8/C) 3.495 6.30% 0.Other/misc.011 31.187 120.607 (931) (2.65% .54% 11.Balance of statutory funds 2.000 32.961 16.252) 25.615 0 33.33% 9.139 0 20.20% -5.07% 0.164 9.00% 0.683 0 185.457 6.32 -205.Cash & bank balances to total assets (C1/C) 2.272 1.Advances to policy holders & employs 3.65% -31.02% 11.43 25..897 101.Return on equity (ROE) (D8/A) 2.Share capital 2.36 86.51% 1.172 0 26.06% 1.Claims incurred to net premium (B2/D4) 5.229 12.Stock dividend/bonus shares 4.365 0 155.108 16.033 31.45% 940. adv. due to other insurers 3.262 48.10 138.044 44.19 60.Cash generated from operating activities F.Outstanding claims..337 307.276 203.077 17.683 0 185.644 2.000 110 14.289 19. (E4/D8) (time) 205 -31.Capital /leverage ratios 1.000 0.314 222.00% 0.498 57.Cash generated from operating activities to profit after tax.Net claims 6.02% 0.677 236.18% 10.00% -0.844 110 0 24.Cash and balances with banks 2.02% 10.011 31.756 282. per share) 4.725 200.32 92.Total assets (C1 to C5) 1.682 32.40% 3.00% (9.Other items 1.000 0.075) 25.207 7.199 7.737 282.84% 11.000 0.86% -0.825 20.Total equity (A1 to A3) 1.00% (9.644 0 41.19 92.893 13.19 60.Liquidity ratios 1.No.51% 1.435 0 21.229 37. assets 5.802 14.737 28.49% 8.Underwriting profit 7.Gross premium 3.Investment income 2.000 110 21. Items A.36% 76. liabilities C.17 45.694 54.018 18.621 57.033 31.337 307. Investment to total assets (C3/C) H.905 4.272 1.029) 37.71% 1.018 18.000 32. (D6/D8) 6.59% -1.754 160.077 0 40.905 4.34% 176. of ordinary shares 2.Gross claims 5.53% 230.236 1.00% (19.689 29.02% 11.208 10.Others B.12% D. prem.50% (28.17 291.622 24.Cash flow ratio 1.444 21.56% 0.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 134.299 42.33% 9.Capital ratio (A/C) 2.Other/misc.000 110 3.252) 10.844 110 0 24.972) 16.00% 10.929 (752) 19.Financial Statement Analysis of Financial Sector Excel Insurance Company Ltd.Break up value per share (A/E1) (Rs.00% 2.00% 1.544 0 17.81% 8.089 181.051 19.00% 0.14 49.000 0.941 67.Profit/(loss) after taxation E.836 10.954 250.Efficiency ratios/profitability ratios 1.954 250.Earning per share (D8/E1) (rs.090 5.38% 94.91% 9.090 5.069 8.551 2.Reserves 3.Investment income to net premium (D1/D3) G.00% -128.35 108.829 20.Profit & loss account 1.Investments in securities & properties 4.131 0 59.688 174.

80% 58.Total liabilities (B1 to B3) 1.687 (379. of ordinary shares 2.787 87.313 202.101.311) 80.485 823.311) 71.09 167.561 634.403 204.848 14.Profit/(loss) after taxation E.471 192.Gross claims 5..11% -17.Underwriting profit 7.355 754.544 400.Stock dividend/bonus shares 4.787 2.517 420.176 0 592.10% 10.40 161.Profit & loss account 1.92% 37. adv.00% 10.Advances to policy holders & employs 3.Net claims 6.219 67.No.041 611.164 1.58% 131.00% 20.07% 51.914 654.159 43.434 865.93% 0.378 (390.01% 7.429 0 711.666.044 126.Other items 1.51% 9. (E4/D8) (time) 206 -61.07% -98.10 180.Other/misc.42% 1.82% -17. (D6/D8) 6.52% 0.64 46.065 217.390 44.Reserves 3.Capital ratio (A/C) 2.237 916.290 355.47% D.27% .081 25.482 117.310 1.Financial Statement Analysis of Financial Sector Habib Insurance Company Ltd.375 685.Return on assets (ROA) (D8/C) 3.Capital /leverage ratios 1.Cash and balances with banks 2.Others B.Cash generated from operating activities F.675 296.960 380.122 173.97% -59.04 49.319 60.531) 734.681 296.125 443.182 12.985 57.628 407.Cash generated from operating activities to profit after tax.335 26. Items A.Investment income to net premium (D1/D3) G.03 55.14% -24.313 202.91% 20.595 504.00% 24.885 400.Cash & bank balances to total assets (C1/C) 2.86 45.403 197.687 (379. liabilities C.122 0 815.955 420.Profit/(loss) before taxation 8.Underwriting profit to profit after tax.03 48.746) 0 794.50% (88.72% 1.122 436.315 1.791 0 540..02 57.296 59.355 38.447) (396.20% -5.642 151.013 394.563 1.Cash flow ratio 1.100 0 570. Investment to total assets (C3/C) H.95% 11.086 44.428) 149.219 67.999 3.360 254.77% -27.091 25.948 878.160 90.13% 19.28% 2.104 129.940 981 1.447) (396.454 254.432 31.11% 2.188 168.66% 0.Gross premium 3.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.Un appropriated profit 4.313.878.Break up value per share (A/E1) (Rs.143 925.00% 12.Other/misc.Net premium 4.50% 12. prem.Claims incurred to net premium (B2/D4) 5.122 (346.606 335.50% 12.00% (77.57 51.485 851.435 1.936 244.50% 4.616 613. assets 5.78% 10.75 5.66% 27.076 50.Return on equity (ROE) (D8/A) 2.180 60. due to other insurers 3.38% 6.065 183.Earning per share (D8/E1) (rs.974 425.32 50.06 62.57 142.243 231.996 0 703.531) 734.504 0 999.Total assets (C1 to C5) 1.428) (390.37% 0.52% 0.28% 22.958 0 863.Efficiency ratios/profitability ratios 1.770 71.193 149. per share) I.89% 22.616. per share) 4.481 252.237.07% -98.97% 20.122 219.Share capital 2.378) 33.Cash dividend 3.019 0 792.310 436.Liquidity ratios 1.613 201.50% (88.176 6.Outstanding claims.Investment income 2.080 450.Balance of statutory funds 2.Investments in securities & properties 4.643 317.Total equity (A1 to A3) 1.85% 14.899 932.457.182 12.30% 47.275 397.53% -5.520 1.13% -48.466 57.275 397.408 663.960 380.899 719.540 641.75% 9.57 155.389 841.

Cash & bank balances to total assets (C1/C) 2.910 1.Un appropriated profit 4.00% 0. adv.00% 0.22 0.Total liabilities (B1 to B3) 1.828 1.000 0 (4.198 492 0 0 610 1.301 0 1.23 0.Capital ratio (A/C) 2. due to other insurers 3. Ltd.Efficiency ratios/profitability ratios 1.Total assets (C1 to C5) 1.Cash dividend 3.06 - 85.Cash flow ratio 1.000 0 (4.Profit & loss account 1. assets 5.03% 1..Earning per share (D8/E1) (rs.226 0 1.00% 0 - -30.388 - 0 0 0 0 0 0 (272) (272) 0 0 0 0 0 0 (279) (279) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - 500 0.448 1.Underwriting profit to profit after tax.00% (244) 500 0..885) 0 3.Other/misc.Investment income 2. (E4/D8) (time) 207 . Items A. Investment to total assets (C3/C) H.Return on equity (ROE) (D8/A) 2.Gross claims 5.Stock dividend/bonus shares 4.Profit/(loss) after taxation E.00% 0.Share capital 2.56 0.Return on assets (ROA) (D8/C) 3.00% 0.412 0 1. prem.Financial Statement Analysis of Financial Sector Hallmark Insurance Co.028) 0 2.Others B.00% 0.448 1.Investment income to net premium (D1/D3) - - 0.Total equity (A1 to A3) 1.Advances to policy holders & employs 3.853 4.00% 0.Profit/(loss) before taxation 8. liabilities C.180 964 0 0 1.No.Other/misc.125 (28) 5.54 -46.00% 0.Cash generated from operating activities F. per share) I.Cash generated from operating activities to profit after tax.448 778 2.Net claims 6.Cash and balances with banks 2.400) 0 3.00 - 115 5.00% (232) 500 0.Net premium 4.76 15.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - 879 5.94% -6.00% - 21. per share) 4.20 3.24% 1.Gross premium 3.Reserves 3.18 0.46% - - G.29% 87.Liquidity ratios 1.336 0 1.00 0.936 720 0 0 1.00% 0.527 492 0 0 1.00% 0.Investments in securities & properties 4.Outstanding claims.Break up value per share (A/E1) (Rs.27% -0.121) 0 3.51% -0.000 0 (5.23 -1.888 3.26% 0.00% 0..448 1.Claims incurred to net premium (B2/D4) 5.14 0. of ordinary shares 2. (D6/D8) 6.00% 0.828 1.50% -7.Balance of statutory funds 2.Capital /leverage ratios 1.Other items 1.Underwriting profit 7.00% 0.00% - - - - 0.00% (228) 500 0.964 3.096 D.000 0 (4.09% -0.388 600 5.

Advances to policy holders & employs 3.930 40.Capital /leverage ratios 1.634.823.166 0 2.911 0 12.253 0 124.45% 11.Profit/(loss) after taxation E.17% 181.309 0 2.17 88.Claims incurred to net premium (B2/D4) 5.77 163. of Pakistan Ltd.029 77.235.Investments in securities & properties 4.073 682.035.586 437.002.350 319.730 783. due to other insurers 3.62% -51.45 105.12% 101. Investment to total assets (C3/C) H.894 11.13% 4.Other/misc.Balance of statutory funds 2.Capital ratio (A/C) 2.00 90.689 10.00% 126.931 193.Others B.523 1.960.184.664 1.Profit/(loss) before taxation 8.32% 161.Cash flow ratio 1.Cash and balances with banks 2.155.00% 2.897 13.052 253.Outstanding claims.43% .301 8.64% 183.283 10.00% 278.600.17% 24.273 3.Financial Statement Analysis of Financial Sector International General Insurance Co.813 598.475.287.08 89.366.44% 0.Cash generated from operating activities to profit after tax.388.103) (377.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 11.133 0 1.48% -2.250) 0 1.01 86.941 71.565 1.41 28.00% 55.28 82.649) 1.31% D.Underwriting profit to profit after tax.00% 50.525 207.581.103 364.519 598.533 1.651) 59.Gross claims 5.Stock dividend/bonus shares 4.264 530.Break up value per share (A/E1) (Rs.Share capital 2.984.61% 0.966 929.00% 0.406 173.37% 0.347) 0 2. (D6/D8) 6.56% -3.200.Underwriting profit 7.000 542. adv.635 347.Investment income 2.605 586.166 (404.Other items 1.344 1.463.095 920.03% 2.115.618 13.23% 6.120 0 878.451 421 0 12.625 364.900 302.247.43% 95.374 (172.Cash generated from operating activities F.709.517 0 11.039.280.08% 7.Other/misc. per share) I.843 30. of ordinary shares 2.Liquidity ratios 1.49% 515.427 10.846.689 10. (E4/D8) (time) 208 -36.531 10.515 423.Earning per share (D8/E1) (rs.727 1.Return on equity (ROE) (D8/A) 2.293.930.41% 2.754 0 1.781 852.Un appropriated profit 4.476) 1. assets 5..308.556 492.639 258.771 836.33% 48.000 240.032 12.411 205.964 592.177 (376.090 14. liabilities C.930 257.264.359 9.No.667 111.71% 0.960.95% 0.Profit & loss account 1.524 1.463 0 1.705.042) (414.371 642.280.Net claims 6.98% 353.869 35.Reserves 3.13 83.809 0 11.279 (157.954 280.Cash dividend 3.00% (27.00% 15.01 87.00 92.Total equity (A1 to A3) 1.Efficiency ratios/profitability ratios 1.775 614.09% 33.94% 0.713.223 1.104 205.05% 57.597 0 76.536 50. prem.98% 20.889 1.733 473.Total assets (C1 to C5) 1.00% 25. Items A.Cash & bank balances to total assets (C1/C) 2. per share) 4.78% 91.405.103.545 11.Total liabilities (B1 to B3) 1.106) 25.354.183 309.52% 128.86% -6.23% -29.854 718.782 56.869 15.470 720.47% 7.703 31.730 12.021.803 2.86% 0.740 2.896 1.530.306 59.217 2.515 829.64 16..25% 79.Return on assets (ROA) (D8/C) 3.066 6.758 842.350 155.20 0.118.42% 418.02 88.Investment income to net premium (D1/D3) G.534.30 207.575.624.Gross premium 3.766 263.404.329 1.87% 5.88% -67.260 0 11.805 160.79% 0.00% (18.632 49.384.104.857.Net premium 4.948 929.

Efficiency ratios/profitability ratios 1.456 181..00% 599.085) 546.601 2.70% 36.103 106. Investment to total assets (C3/C) H.078 2.720 1.Return on assets (ROA) (D8/C) 3.99% 105.635 2.952 2.332 706.Reserves 3.798.Underwriting profit to profit after tax.431.65% 43.855.966 0 4.00% 31.872 30.06% 0.68% 15.677.756 892.598 4.Other/misc.29% 22.Investment income to net premium (D1/D3) G.098 20.00% 216.492 8.835 967.000 2.783 791 3.Return on equity (ROE) (D8/A) 2.889 2.63% 40.84% 5.40% -35.066) 0 3..Total assets (C1 to C5) 1.91 38.038 24.721 1.63% 22.18% 32.60% 19. due to other insurers 3.Cash and balances with banks 2.425.961.69 163.71 155.26% -40.189 54.203.91% 38.Capital ratio (A/C) 2.153) (267.006 659.094 153.27 40.14% 0.Break up value per share (A/E1) (Rs.Cash dividend 3.Cash generated from operating activities F.83 9.032.00% 20.858 0 2.155 364 1.869.776.253 3.778 1.549 2.186.551 79.204 2.707 3.680.Net claims 6.461 108.350 97.11 56. prem. assets 5.413.255.411.223.Underwriting profit 7.670.451.95% -12.875 790.542.31 28.376 1.353 5.227 2.28 34.553.306 65.32 29.682 450.96% -4.798.818.45% 8.932.Capital /leverage ratios 1.363.31% 25.571 7.869 988.76 37.829.679. per share) 4.Un appropriated profit 4.775 1.82% 17.Share capital 2.13 50.086 2.039 2. adv.172 1.88% 8.Liquidity ratios 1.361 849 5.939 658.64% 0.148 1.699.614 (64.526.419.706 1.521.974.089 2.443 1.048.348 2.61% -14.625 433 2. per share) I.885) 65.93% -4.916.811 2.037 98.Profit/(loss) before taxation 8.151 611.579.Gross premium 3.384 533.905.061.132 294 1.318 1.Net premium 4.38% 19.764.749.556 1.800 1.464 407.382.208 3.05 150.48% 35.509 758.315 559.040.702.40% 9.058 974.64% 0.420.00% (102.728 5.Others 2008 2009 2.902.Claims incurred to net premium (B2/D4) 5.915 30.Advances to policy holders & employs 3.903.374 6.749.83% 39.50% 8.554.911 797.00% 58.Outstanding claims.474 1.621. (E4/D8) (time) 209 .290 1.297.Fixed assets (Thousand Rupees) 2010 2011 2007 3.434 2.00% 0.Stock dividend/bonus shares 4.23% 9.Financial Statement Analysis of Financial Sector Jubilee General Insurance Company Ltd.260. liabilities C.951.526 0 3.00% 20.No.Earning per share (D8/E1) (rs.040.183 0 3.314 659.71 39.915 0.654 97.102.Gross claims 5.96 155.607 178.25% 0.612 1.082.Cash flow ratio 1.384 874.733 (207.00% 474.115 (179.663 549.929 30.858 3.Investments in securities & properties 4.00% 20.291.50% 5.249) 452.92% 10.14% - 1.Investment income 2.Other items 1.148 1.Other/misc.089.505 614.06 199.Total equity (A1 to A3) 1.50% 32.121 771.Cash generated from operating activities to profit after tax. Items A.514 0 4.041 588.Profit/(loss) after taxation E.430.00% 25.197 599.966 4.827.028.025 94.24% 16.898 656.764 0 5.885 1.Cash & bank balances to total assets (C1/C) 2.171.Profit & loss account 1.960 2.977 114.05% 10.232 (151.883 0 3.Balance of statutory funds 2.977 1. of ordinary shares 2.31% 75.033) 575.332.043 B. (D6/D8) 6.Total liabilities (B1 to B3) 2011 D.

Other items 1.595 3.000 11.00% 0.45% 4.35% 66.795 0 11.924 1.186.005.000 11.30% 40.00% 0.513.527.05% D.000 2.096 3.000 987.416.Others B.767 15.003.005.655.427.000 2.172 1.626.630.000 1. assets 5.186.273.000 5.Profit & loss account 1.40% 15.22 52.Break up value per share (A/E1) (Rs.62 267.579.135.Capital ratio (A/C) 2.334 200.949.524.533. due to other insurers 3..364 0 11.00% 0.000 5.316) 200. (E4/D8) (time) 210 .245 2.Investments in securities & properties 4.000 10.000 3. per share) I.Earning per share (D8/E1) (rs.Gross premium 3.583.328 15.468 2.000 - 200.711.000 2.527.76% -13.936 0 5.Total equity (A1 to A3) 1.Investment income 2.630.628 340.69 58.614 1.555 26.91% 150.178 15.Cash & bank balances to total assets (C1/C) 2.655.000.338 986.655.795 2.028.486.492.058.243.030.654 1.57% 67.247 1.500.000 3.704.186.45% 12.Net claims 6.Cash dividend 3.67 267.Reserves 3.000 987.35% 66. liabilities C.Investment income to net premium (D1/D3) G.795 0 11.000 2.57% 16.006 3.807.Cash generated from operating activities F.382 16.000 0.400.011.628 340.767 15.00% (1.Total assets (C1 to C5) 1.64 58.514.999 3.567 2.058.555 26.137.252.427.139 22.699 2.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - 14.228.023.00% 528.67 267.348 3.000 1.10% 9.Share capital 2.Profit/(loss) before taxation 8.000 11.Underwriting profit 7.893.Stock dividend/bonus shares 4.13 56.55% -0.203.004.245 2.630.058.104.13 57.436 5.728.Outstanding claims.575 26.55% - 63.17% 80.Cash generated from operating activities to profit after tax.228.67% 78.595 3.Financial Statement Analysis of Financial Sector National Insurance Corporation Items A.Profit/(loss) after taxation E.079.298 11.000 3.637.379 1.447 7.000 2.000 1. prem.575 26.55% 0.147.52 59.797 2.Return on equity (ROE) (D8/A) 2.Other/misc.25 477. Investment to total assets (C3/C) H. of ordinary shares 2.944.72% 5.70% 64.795 2.000 0.Advances to policy holders & employs 3.699 0 8.25% 0.169) 5.011..312.245 2.178 - (389.Other/misc.893.728.447 7.000 2.00% 1.000 2.851 5.277 2.808.038 25.316) - 7.000.Cash and balances with banks 2.800 0 8.364 2.53% 0.Claims incurred to net premium (B2/D4) 5.05% -0.Net premium 4.000.Cash flow ratio 1.808.903.Return on assets (ROA) (D8/C) 3.00% 0.45% 12.38% 70.635 4.64% 9.667 200.Efficiency ratios/profitability ratios 1.00% (1.767 15.074 7.642 0 8.26% 12.000 0. (D6/D8) 6.No.67% 64.500.67% 78.64 - 50.079.586.Underwriting profit to profit after tax.000 0. adv.10% 9. per share) 4.800 0 8.Balance of statutory funds 2.000 3.486.000 3.533.518 1.000.397 27.066 82.Gross claims 5.665 26.Liquidity ratios 1.13 57.Capital /leverage ratios 1.70% 64.Un appropriated profit 4.050.92% 16.586.Total liabilities (B1 to B3) 1.000 3.92% - 0.500.

Financial Statement Analysis of Financial Sector New Hampshire Insurance Company Ltd.850 0 863.912 1.Cash and balances with banks 2.Other/misc.498 92.617 817.726 849.Underwriting profit to profit after tax.Net claims 6.Stock dividend/bonus shares 4.092 936.08% 34.920 0 435.573 169.Total equity (A1 to A3) 1.241.194 0 1.Other/misc. prem.705 739.105 103.10% 7. per share) I.776 92.61 316.04% 40.Share capital 2.241.77% 10.142 158.199 382.00 36.937 406.00% (224.073.22% 188.599 52.Capital ratio (A/C) 2.335 - 92.147 74. (D6/D8) 6.873 546. (E4/D8) (time) 211 .Profit & loss account 1.78% 0.273 443.058 928.00% 106.920 0 751.279 0 0 0 1.726 1.189 0 479. assets 5.240.228 0.48% 6.Others B.07% 0.761 849.222 98.Profit/(loss) after taxation E.002.21% 1.056. per share) 4.751 100.990 2.68% 48.481 0 1.199 405.Total assets (C1 to C5) 1.24% - 56.40 19.47% 10.Balance of statutory funds 2.Total liabilities (B1 to B3) 1.93% 39.79% 0.30% 577.38% 0. Investment to total assets (C3/C) H.40% 10.760 1.305 0.829 108.70% 0.15% D.053 1.Cash generated from operating activities to profit after tax.695 0 216.Return on equity (ROE) (D8/A) 2.Other items 1.984 319.49 290.916 1.29 23.Investment income 2.129 0.252 682.00% 0.74 304.610 87.No.923 32.00% 35.395 470.00% 104.820 0 141.106.27% 0.19% 90.172 406.783 56.203 17.Capital /leverage ratios 1.Cash dividend 3.Investment income to net premium (D1/D3) - G.Un appropriated profit 4.573 201.Gross premium 3.126 78.14 53.751. adv.524.058 0 0 0 1.204 2.89% 2.018 1.15 39.887.10% 2.Investments in securities & properties 4..04% - 0.Underwriting profit 7.00 - -427.. of ordinary shares 2.Outstanding claims.95% 182.922 60. liabilities C.289 0 0 0 956.668 82.313) 124.504 63.221 - 107.81% 19.Break up value per share (A/E1) (Rs.41% 2.00% 0.Cash flow ratio 1.596.831 1.806 0.073.802 673.288.431. Items A.84% 10.00 56.Advances to policy holders & employs 3.Cash generated from operating activities F.577 177.545 1.27 29.Claims incurred to net premium (B2/D4) 5.277 320.28% 611.621 307.573 2. due to other insurers 3.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - 1.Return on assets (ROA) (D8/C) 3.498 131.00% 0.00 36.Efficiency ratios/profitability ratios 1.00% 0.519 268.594 152.Net premium 4.Gross claims 5.Earning per share (D8/E1) (rs.289 1.002.Liquidity ratios 1.672 0 529.739 - 4.Profit/(loss) before taxation 8.197.025.78% 0.279 1.243 66.Reserves 3.24% 0.916 928.927 0 205.Cash & bank balances to total assets (C1/C) 2.053 0 0 0 814.753.

Profit & loss account 1.524) 0 0.Other/misc.881 1.69% 44.009 0 3.00% 0.202 6.Outstanding claims. adv.30% 64.00% 0.855 0 (446) (2.223 4.00% 206 -38.Financial Statement Analysis of Financial Sector Pakistan Mutual Insurance Company Ltd.00% (1.94% 139.276 14.32% - - - 155.929 1.00% - 0.577 0 6.308 2.328) (1.14% 1.778 0 0 2.Gross claims 5.Profit/(loss) before taxation 8.Net premium 4.719 3.Claims incurred to net premium (B2/D4) 5.Balance of statutory funds 2.Investment income to net premium (D1/D3) 68.867 8.223 5.00% 0 0 0.33 0. (D6/D8) 6.409) (1.483 1.23% 110.179) (1.Cash and balances with banks 2.65 0.950) 6.009 0 (236) (2.936 0 29 8. prem.00% (1. Investment to total assets (C3/C) H.377) 0 6.547) 77 5.67% -57.Share capital 2.889 2.Net claims 6.560) 0 5.00% 613.95% -28.102 0 0.Underwriting profit to profit after tax.Total equity (A1 to A3) 1.824 4.29% 43.78% -20.051 526 9.Reserves 3.Profit/(loss) after taxation E.04% -123.027 2.96% 0.Other/misc.54% 140.170 633 593 (1.941) (1.68% 3.956 0 5.00% 0.816 (3.037 0 4.514) (1. of ordinary shares 2.Liquidity ratios 1.84% - D.879 3.00% 0.96% 0. liabilities C.75% -16.Total assets (C1 to C5) 1.078 2.099) 94 0 4.834 0 29 2.003 2.157 0 3.24 0.61% 28.Cash generated from operating activities to profit after tax.168) 0 0.94% 32..78% 0.94% 63.Return on equity (ROE) (D8/A) 2.59% -21.Others B.72% 1.422 60 4.Underwriting profit 7.Gross premium 3.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 7.Investment income 2.Cash & bank balances to total assets (C1/C) 2.816 2.049.041 1.Other items 1.Advances to policy holders & employs 3.19 27.545) (1.00% 89.684 2.38% G.548 456 396 3.08 0.Efficiency ratios/profitability ratios 1.68% 1. per share) 4.093 9.306 515 240 0 2.Investments in securities & properties 4.053 0 16 2.Capital /leverage ratios 1.Cash dividend 3. per share) I.183 6.900 0 64 (1.Cash generated from operating activities F.92% 0.389.650 0 6.076) (3.00% (1.00% 0.472 0 2.Return on assets (ROA) (D8/C) 3.256 3.Earning per share (D8/E1) (rs.Cash flow ratio 1.299) 0 0.Capital ratio (A/C) 2.210 420 0 3. Items A.805 0 3. (E4/D8) (time) 212 .85% -48.724 313 7.71% -63.00% 0.00% 73.679 0 29 2.270 1.11% -31. due to other insurers 3.446 0 29 2.41% - - - - - 41.17% 0.966 6.944 909 0 292 617 10.No.417 0 5.00% 0.907 0 5.809 2.Un appropriated profit 4. assets 5..Stock dividend/bonus shares 4.Break up value per share (A/E1) (Rs.Total liabilities (B1 to B3) 1.

16% 5.98% 2.84% 22.445.50% 55.372.Total assets (C1 to C5) 1.91% 12.665 6.00% (19.830 4.114 3.396 5.727.597. assets 5.215 0 5.Cash and balances with banks 2.Net claims 6.000 5.80% D.255 61.979 12.04% 112.Total equity (A1 to A3) 1.124 48.960 0 5.470 6.506.497.541 11.000 2.000 30.877.53% 217.Stock dividend/bonus shares 4.Efficiency ratios/profitability ratios 1.Cash generated from operating activities to profit after tax.22% 13.668 6.74% 48.091.377 4.265.236.67% 0.099 281.000 1.12 45.000 0.94 57.00% 0.833.518 540.099 1.00% 412.15% 21.463.950 2.Profit & loss account 1.458.521.125 931.15% 21.143 650.000 2.063 302.021.832.006 5.117.32% 22.716.058.021.Share capital 2.692 206.722 3.058.756 12.394 4.813 54.99% 24.298.Gross premium 3.00% 0. liabilities C.419 2.685.Reserves 3.356.00% 0.631 55. per share) I. (E4/D8) (time) 213 -45. adv.000.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 6.667 5.704 7.933.46% .52% 44.526.Advances to policy holders & employs 3.949 1.466 40.20% 7.138.940.75 15.666 30.894 2.36% 21.236 0 5.908.534.253 846.08% 32.730.65% 3.420 1.000 20.29% 6.95% 0.843 2.528.Underwriting profit to profit after tax.56% 2.280 269.Profit/(loss) before taxation 8.Other/misc.419 1.20% 1.911 653.426 1..419 1.040 3.459 2.Un appropriated profit 4.689.504 526.Return on equity (ROE) (D8/A) 2.441 6.908 3.677 5.836.64% 8.416.777.Net premium 4. (D6/D8) 6.225 1.353.21% 4.586.082 2.19 37.000.425 300.302 0 6.038 12.000.284.986 0 437.Capital ratio (A/C) 2.628 3.687 4.647 3.00% 0.263 56.895.75% 23. due to other insurers 3.804 6.299.136 1.092 4.119 961.000 30.95 296.Outstanding claims.20% 0.017.07% 2. Investment to total assets (C3/C) H. prem.207.654.545 379.Gross claims 5.40% 68.632 53.No.713) 300.39% 50.122.528 844.785.37 49.Cash dividend 3.63% 0. of ordinary shares 2.408 291.693.Return on assets (ROA) (D8/C) 3.058.655 3.799 481.516.91% 25.531 0 4.821. per share) 4.Others B.554 1.000 0.000.00% 114.22% 0.253 890.237 47.289 205.903 1.999 886.744 3.788.19% 178.211. Items A.Liquidity ratios 1.715 0 4.615 1.677 354.00% (122.634 5.325 0 5.Investments in securities & properties 4.Earning per share (D8/E1) (rs.725.15 44.810 2.26% 44.937 1..489 0 6.098.Profit/(loss) after taxation E.23 43.416 6.909.518 5.Total liabilities (B1 to B3) 1.230 5.323 49.680 904.181) 300.648 53.099.570.000 2.262.236 594.Balance of statutory funds 2.897 12.990 328.129 2.534.Other items 1.508 2.000 2.781.926.62 51.99 214.90 517.Capital /leverage ratios 1.82 230.Claims incurred to net premium (B2/D4) 5.058.97% -2.342.Cash generated from operating activities F.Underwriting profit 7.049 1.805 48.22 54.688.Cash & bank balances to total assets (C1/C) 2.170.Financial Statement Analysis of Financial Sector Pakistan Reinsurance Company Ltd.026) 300.419 3.Other/misc.Cash flow ratio 1.29% 53.00% 4.56% (36.257.Break up value per share (A/E1) (Rs.998 3.411.Investment income 2.Investment income to net premium (D1/D3) G.18% 0.858.09 56.499 318.19 -0.574 1.

320 19.432 54.08% 17.Gross premium 3.236 187.027 3.Efficiency ratios/profitability ratios 1.732 236.182 767.Total assets (C1 to C5) 1.Outstanding claims.31% 0. prem.00% (56.956 350.Cash generated from operating activities F.130 199.Profit/(loss) before taxation 8.30% 103.295 10.46% 2.Share capital 2.96% 97.Cash & bank balances to total assets (C1/C) 2.00% 0.136 8.Profit & loss account 1.393) 0 824.441 566.Capital /leverage ratios 1.135 4. per share) I.079 143.118 521.67% 5.Balance of statutory funds 2. assets 5.000 0.73% 4.10% 0.668 19.48% -7.273 0 54.000 0 (141.000 0 (107.17% 0.69 124.279 0 122.044) 0 495.889) 35.Investments in securities & properties 4.Other/misc.52 153.50% 169.19% -1.024 383.14 349.86% 6.085 0 683.45% 7.69% 35.854 16. liabilities C.922 217.00% 0.27% 3.74% 6.107 466.957 8.No.371 57.76% 1.Other/misc.890 5.816 919.00% (9.243 242.Others B.000 0.835 224.58% -4.000 0.738) (50.22 6.43% 5.235 473.089 161.24 5.Claims incurred to net premium (B2/D4) 5.163) 0 689.942 16.48 62. of ordinary shares 2.27 5.000 0 (119.93 39.55% 0.733 136.Return on equity (ROE) (D8/A) 2.195) (93.269 5.981 8.185 21.792) 0 531.Liquidity ratios 1.22 5.Stock dividend/bonus shares 4.54% 877.00% (118.Cash flow ratio 1.255 731.410 0 37.654 643.837 350.Return on assets (ROA) (D8/C) 3.854 6.520) (94.000 0.858 303.Cash generated from operating activities to profit after tax.258 (97.Cash dividend 3.09 20.52% D.00% 0.97 30. due to other insurers 3.221 504.Net claims 6.003 13.000 0 (124.296) 468.575 154.611 208.Capital ratio (A/C) 2.61 29.13% -337.942 480.066.010 0 45.Other items 1.48% 2. adv.00% 0.09% 6.Investment income to net premium (D1/D3) G.770 195.08% . (E4/D8) (time) 214 -81.656 196..Gross claims 5.848 704.83% 223.262 (18.810 350.262 643.Underwriting profit to profit after tax.Total equity (A1 to A3) 1.392 1.Financial Statement Analysis of Financial Sector PICIC Insurance Ltd.27% 0.00% 44.853 286.Total liabilities (B1 to B3) 1.85% 1.00% 0.190) 0 505.Un appropriated profit 4.405 106.13% 64.280 0 440.243 91.090 5.92% 5.208 200.Cash and balances with banks 2.Reserves 3.298 429.424 11.889 0 50.770 20.401) 35.34 231.55% 0.18% 0.00% (37.543) -83.89% 6.Net premium 4.68% -14.417) (53.56% -1.841 60.116 227.45 25.000 0.34% -25.113 35.Earning per share (D8/E1) (rs.Investment income 2.401 381.083 230.252) 10.893) (3.716 225.633 0 474.628 268.914 297.747 0 132.51% 0.Underwriting profit 7.. per share) 4. (D6/D8) 6.53% 0.Profit/(loss) after taxation E. Items A.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 112.125 0 687.820) 35.607 350.873 166. Investment to total assets (C3/C) H.878 3.Break up value per share (A/E1) (Rs.60 22.000 0 (87.Advances to policy holders & employs 3.

Earning per share (D8/E1) (rs.63% 33.42 55.940 282.802) 60.025 109.Investments in securities & properties 4.270. per share) 4.88% -106.559 1.27 65.030 196..649 186.No.00% (48.420.069 168.744 984.658 302.826 1.Gross claims 5.813 3.Total liabilities (B1 to B3) 1.807 8.Efficiency ratios/profitability ratios 1.067.991 0 814.Others B. assets 5.66% 6.366 885.343 158.118 632.435) 222.296 195.323 1.020.08 53.14% 11.90 182.025 190.025 240.90% 2.Total equity (A1 to A3) 1.346.633 1.Outstanding claims.612 1.345.774.640 0 1.367 22.929 3.48% 36.412 1.768.846.719 411.00% 20.57% 3.23% 6.812 0 1.515.00% (24.005.Cash and balances with banks 2.43% 4.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.385 1.719 220.Profit & loss account 1.258.17 164.314 3.03% 0.73% 16.897 20.Profit/(loss) before taxation 8.882 141.943.847 1.992 0 1.293.Other/misc.911) (37.163 0 1.Reserves 3.77% 62.95% 42.Other items 1.Investment income to net premium (D1/D3) - G.69% 0.Cash dividend 3.181 620.699 346.Return on equity (ROE) (D8/A) 2.078) 47.00% 0.270.01 176.000 1.564 20.653 53. per share) I.025 269.06 40.Cash & bank balances to total assets (C1/C) 2.35 -5.662) 25.11% 3.504 2.379 0 649.206 199.838.42% 62.824 921.827 457.44% -2.73% 46.01% 1.Un appropriated profit 4.456 367.483 285.578 2.407) 52.Total assets (C1 to C5) 1.056 39.838 218.Profit/(loss) after taxation E.23% -130.87% 2.302.894 1.39% -0.582 551.00% (92.301.41% .685 474.014.00% 10.91% 1.28% 66.Investment income 2.340 263.42% 30.746 120.830 414.00% (171.627 577.564 25.Underwriting profit 7.464 0 932.701.087 1.874 239.398 20.00% 15.280 153.Other/misc.492 0 647.833 376. prem.Stock dividend/bonus shares 4.00 205.78 -22.463.00% (56.28% 13.560.051 2.978 252.96% 31.69 59.821 1.828 4.533 1. (E4/D8) (time) 215 -40.216 1.67% 30.821 1.02% 0.08 46. Investment to total assets (C3/C) H.Claims incurred to net premium (B2/D4) 5.48% D.79% 156.842.206 1.706 1.42% 0.834 0 138.009 2.729 335.096.89% 39.009 71.Cash generated from operating activities F.15% 1.Financial Statement Analysis of Financial Sector Premier Insurance Company Ltd.204 16.Capital ratio (A/C) 2.638 728.059 222.197 234.245 462.Liquidity ratios 1. Items A.Underwriting profit to profit after tax.Net claims 6. liabilities C.009 302.33 23.665 20.05 45.75% 3.721 194.399. (D6/D8) 6.07% 457.Advances to policy holders & employs 3. due to other insurers 3.Cash flow ratio 1.12% -1.832 446.488 1.952 79..Gross premium 3.12% 0.101.Share capital 2.875 364.190 252.Return on assets (ROA) (D8/C) 3. adv.732 495.448 893.693 0 1.876 20.95 63.Cash generated from operating activities to profit after tax.Net premium 4.00% 15.622 0 843.620 542.393 (44.025 626.983 143.395 149. of ordinary shares 2.949 90.Break up value per share (A/E1) (Rs.Capital /leverage ratios 1.672) 60.788.114 295.792 3.416 610.939 185.Balance of statutory funds 2.

08 32.Reserves 3.41% 159.811 310.160 395.226 229.26% 0.Other/misc.442 96.11% .13 37.766 0 498.Stock dividend/bonus shares 4.033 965 285.73% 44.Underwriting profit to profit after tax.348 63.369 1. per share) I.430 31.00% 12.862 517.Un appropriated profit 4.28% 2.862) 22.Investment income to net premium (D1/D3) G.915 43.99% 20.48% 16.940 90.061 282.00% 10.86 37.41% 0.Capital /leverage ratios 1.88% -9. (D6/D8) 6.920 233. prem.000 904..513 355. per share) 4.887 0 398.Profit & loss account 1.517 252.824 922 341.000 41.Net claims 6.95% 61.07 31.706 224. Investment to total assets (C3/C) H.684 51.87% 5.30 191. of ordinary shares 2.48% 9.00% 30.Cash and balances with banks 2.434 938.605 495.015 0 528.674 560.45% 14.No.84% 15..909 70.071 64.Balance of statutory funds 2.971 58.00% 29.88% 7.875 22.526 88.263 650.Return on equity (ROE) (D8/A) 2.456 (51.Total assets (C1 to C5) 1.092 85.10% -10. assets 5.01 108.73% 10.811 712.00% (91.Share capital 2.49% 13.38 219.200 0.Cash generated from operating activities F.025) 0 581.898 64.561 318.753 156.173 52.614 86.500 35.322 15.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 314.579 227.555 260.92% 11.Capital ratio (A/C) 2.00% (13.511 322.Profit/(loss) after taxation E.Return on assets (ROA) (D8/C) 3.Total equity (A1 to A3) 1.605 (22.659 450.506 0 494. Items A.858 495.002 92.994) (32.00% 10.77 116.644) 54.496 0 532.225 67.731 94.416 275.Total liabilities (B1 to B3) 1.Others B.766 83.044 17. liabilities C.474 326.260 40.355) 25.15% 14.029 0 583.002 87.Break up value per share (A/E1) (Rs.61% -1.544 76.13 279.Investment income 2.23% 1.Gross claims 5.427 267.605 70.894 8.Outstanding claims.622 0.953 940 270.909 0.32% 1.543 458.16% 17.94% 0.Earning per share (D8/E1) (rs.817) 25.50% (58.062 51.105 41.930 56.203 59.Cash flow ratio 42.Underwriting profit 7.75% 2.582 252.861 503.480 374.717 176.942 0 457.Cash & bank balances to total assets (C1/C) 2.Advances to policy holders & employs 3.690 493.48% 20.50% (6.621 0 593.986) (30.815 238.200 0.Claims incurred to net premium (B2/D4) 5.83% 82.421 71.234 632.06 31.Other/misc.355 71.934 94.541 756 284.Other items 1.356 208.93% 4.014 0 338.746 18.244 82.80 41.137 99.Net premium 4.08% 118.510 53.Efficiency ratios/profitability ratios 1.067 79. due to other insurers 3.046 1.Liquidity ratios 1.Gross premium 3.85% -112.624) 31.45% 0.50% 0.Profit/(loss) before taxation 8.Investments in securities & properties 4.86 43.044.459 57.00% 12.732 60.Financial Statement Analysis of Financial Sector Reliance Insurance Company Ltd.25% 16.06 195. (E4/D8) (time) 216 -34.698 445.02% D.05% 39.521 903.51 35.09 30.722 85.12% -3.085 553.Cash generated from operating activities to profit after tax.92% 4.67% 12.40% 4.Cash dividend 3.346 70.358 48. adv.

841) 32.676 16.Underwriting profit to profit after tax.00% 74.830 0 299.650 (103.086 38.Investment income 2.613 417.747 401.820) (12.221) 1.34% 4.091 367.973 0 401.986 347 82.544 325.Gross premium 3.676 872 77.Total assets (C1 to C5) 1.837 69.819 22.704 19.00% 22.712 93.20% 31.Profit/(loss) after taxation E.071 120.260 82.Cash flow ratio 1.85% 97.884) (59..745 118.19 107.451 145.300) (44.973 428.No.00% 0.Reserves 3.Cash and balances with banks 2.07% -4.286 308.Break up value per share (A/E1) (Rs.873 62.426 598.31 192.269) 0 433.31% 0.456) 0 246.342 250.000 0 (124.826 - D.87 42.Cash generated from operating activities - F.25% 86.884) 25.Capital /leverage ratios 1.Other/misc.596) 283.699 32.979) (29.Other/misc.39% 0.50% .69% 0.272 200.000 0.Net premium 4.Profit/(loss) before taxation 8.83% -9.284 0 77.Total liabilities (B1 to B3) 1.329 0 221.340 69.867 31.03 207. (E4/D8) (time) 217 -7.427 21.00% (66.Financial Statement Analysis of Financial Sector Saudi Pak Insurance Company Ltd Items A.88% 0.765 (41.472 847 3. prem. of ordinary shares 2.75 377.000 232.Investments in securities & properties 4.901 35. adv.20 12.37% 5.36% -130.00% 0.859) 243.851 144. per share) 4.500 0..Liquidity ratios 1.Share capital 2.283 21.997 38.131) 0 321.869 325.00% 7.723 32. Investment to total assets (C3/C) H. (D6/D8) 6.633 247.704 99.Net claims 6.06% -29.62 5.208 -16.822 0 78.22% 13.16% 0.02% -10.97% 0. per share) I.Claims incurred to net premium (B2/D4) 5.356 24.Capital ratio (A/C) 2.582) 2011 (Thousand Rupees) 2010 2011 158.15 19.463 202.731 325. due to other insurers 3.387 274.744) 32. assets 5.64% -27.011 522.00% 0.42% 0.Gross claims 5.079 11.Others B.632) (59.210 25.Return on assets (ROA) (D8/C) 3.Outstanding claims.Fixed assets 2007 2008 2009 185.453 199.389 672 100.Earning per share (D8/E1) (rs.983 366.00% (78.673 141.729 114.500 0.488 357.06 19.576 182.22% 0.Other items 1.98% -1.63% -1.63% 6.796 (28.00% -970.14% 7.Advances to policy holders & employs 3.Investment income to net premium (D1/D3) G.00% 0.793 267.23% 4.43% 6.403 32.01% (166.385) 0 413.60% 8.Underwriting profit 7.Cash generated from operating activities to profit after tax.Cash & bank balances to total assets (C1/C) 2.715 634.53% -8.730 124.16 12.31% 131.Total equity (A1 to A3) 1.000 0 (142.545) (41.Cash dividend 3.10% 15.020 25.00% (1.13 19.891.338 24.130 0 393.Efficiency ratios/profitability ratios 1.Profit & loss account 1.615 250.475 10.67% 0.468 58.469 200. liabilities C.500 (27.543) (42.Stock dividend/bonus shares 4.728) 7.Return on equity (ROE) (D8/A) 2.93% 91.18 38.42 31.258 32.84 130.43% -1.Balance of statutory funds 2.967 50.000 0 (124.000 0 (64.Un appropriated profit 4.18 39.500 0.141 325.939 (8.56% 5.530) 32.14% 64.

Total equity (A1 to A3) 1.379 144.Break up value per share (A/E1) (Rs.16% 429.211.835 34.301) 653.130 45.097 0 1.187 0 159.Gross premium 3.102 7.871 69.Reserves 3.729) 95.835 31.Return on equity (ROE) (D8/A) 2.09% 10.00 83.00% (55.688 7.821 43. Investment to total assets (C3/C) H.00% 0.40% 13.953.279 6.Profit/(loss) before taxation 8..Investment income to net premium (D1/D3) G.625 2.272 10.526.72 297.826 7.850.625 2.43% 14.077 688..282 47.06% 104.Net claims 6.258.92% -5.157 389.095 52.035 680.909 50.Claims incurred to net premium (B2/D4) 5.69% 4.692 155.49% 9.047 80.071 17.Cash generated from operating activities F.358 297.14% 0.Total liabilities (B1 to B3) 1.750 41.60 156.293 102.085 0 787. Items A.541 0 7. assets 5. per share) 4.116.900 79.163 0 6.272 10.137 26.591) 68.Profit & loss account 1.96% 85.01 92.Financial Statement Analysis of Financial Sector Security General Insurance Company Ltd.767 16.566 455.819 158.740 0 7.305 7.Earning per share (D8/E1) (rs.625 2.179 56.709 47.Cash flow ratio -0.04% 89.Outstanding claims.38% 4.00% (17.Cash & bank balances to total assets (C1/C) 2.24 198.Balance of statutory funds 2.028.133.Profit/(loss) after taxation E.Gross claims 5.13% 0.00% 27.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 6.619.Other items 1.00% 10.Other/misc.00% (15.521) 68.969.912 6.155 329.99% 10.49 563. prem.Underwriting profit to profit after tax.87% 5.095 0 304.007 66.22% 4.Advances to policy holders & employs 3.72% 0.216 42.086 205.250 306. adv.00% (107.262.12% 10.000 6. (E4/D8) (time) 218 -35.434 119.780 0 7.163 6.297.225.648 0 376.00 87.024 996.Others B.01 91.00% 0.79% -35.22% 327.00% 0.Stock dividend/bonus shares 4.469 0 428.751 85.465 410.327 125.70% 5.Un appropriated profit 4.451.Capital ratio (A/C) 2.875 2.568 680.000 6.366 0 799.921. due to other insurers 3.70% 12.211 565.89% 0.295.795 120.943 0 1.754 373.63% .000 6.532.330 652.273 6.085 530.No.325.948.27 87.063 0.57% -28.265.Total assets (C1 to C5) 1.439 496.245.624 10. (D6/D8) 6.25% 5.410 0 992.68% 2.241 226.97% 15.473 314.063 30.711.703.329. liabilities C.475) 653.46% 4. of ordinary shares 2.Cash generated from operating activities to profit after tax.01 91.98% 0.01 95.Capital /leverage ratios 1.00% 371.02 92.08% 0.00% (138.065 0 7.712 0 249.748 6.778.Underwriting profit 7.48 454.361 639.493 7. per share) I.339 6.625 2.589 153.018 7.583 457.Cash and balances with banks 2.25% 1.37% 102.Share capital 2.Other/misc.710 680.Return on assets (ROA) (D8/C) 3.Investment income 2.334 353.436 306.51% 390.000 5.Efficiency ratios/profitability ratios 1.546 628.Cash dividend 3.428 71.Liquidity ratios 1.00% 0.201 66.889 87.39% 0.795 127.81 D.722 680.37% 0.564 210.09 90.36% 1.299 180.657 508.665 435.285 85.92% 5.Investments in securities & properties 4.949 446.000 6.976 358.Net premium 4.004.

267 (23.16% -625.726 51.10 102.389 343.Total liabilities (B1 to B3) 1.05% -1. liabilities C.Stock dividend/bonus shares 4.847) (71.997 49.264 267..00% 0.056 0 475.22% 2.27% -69.218 196.685) 20.417 0 645.566 25. per share) 4.90% -14.424 755.002 17.00% (73.000 0.708 91.Break up value per share (A/E1) (Rs.970 2.515 52.245 575.12% 434.02% 281.62 43.311 83.50% -4.521 26.23% 7.27 26.Net premium 4.000 (4.000 (23.Gross claims 5.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 279.500 0.241) 25.636 39.609 361.No.18 25.50% -92.324 2.000 0.419 570.674 (141.832 66.Earning per share (D8/E1) (rs.732 478.027 184.743 481. due to other insurers 3.535) 0 567.000 20.867 482.25% 2.00% 0.465 250.245 17.744 63.Return on equity (ROE) (D8/A) 2.86% 0.00% 0.00% (30.000 0.33% 0.Capital /leverage ratios 1.51% 11.Other/misc.Profit/(loss) before taxation 8.787 0 547. assets 5.Cash dividend 3.Other/misc.207 (64.351) 21.74% 32.780) 0 521.176 0 524.54% 6.91% 3.085 538.654 606.253 0 504.Capital ratio (A/C) 2.735 67.220 200. per share) I.476) (29.392 (63.257) 729. (D6/D8) 6.36% D.Cash and balances with banks 2.670 132.406 181.643 83.500 0.Return on assets (ROA) (D8/C) 3.230 84.000 20.15% 57.00% (120.534 352.Total equity (A1 to A3) 1.03 9.75% 2.53% -9.080 333.774 81.650 645.39% 0.80% -4.348 832.753) 100.041 20.Claims incurred to net premium (B2/D4) 5.137 160.787 175.061 60.671 542.273 357.390 182.81 31.000 84.Underwriting profit to profit after tax.760 417.199 19.07% 15.Efficiency ratios/profitability ratios 1.000 20.67% 1.00% (8.04% 0.Reserves 3.89% 10.77 143.26 27.835 60.491 265.800 467.Profit & loss account 1.Investment income 2.104 361.555 263.000 20.033) 11. adv. Investment to total assets (C3/C) H.41% 0. of ordinary shares 2.00% (30.242 166.Cash flow ratio -13.53% -11.Share capital 2.Financial Statement Analysis of Financial Sector Shaheen Insurance Company Ltd.81% 3.912) 20. (E4/D8) (time) 219 .Others B.88% 104.Balance of statutory funds 2.706 136.963 332.253 200.774 746.Other items 1.636 391.Gross premium 3.861 693 234.Outstanding claims.422 207.455 0 490.486 0 437.Underwriting profit 7.71% 14.540 175.Investments in securities & properties 4.649) 701.441 871.Investment income to net premium (D1/D3) G.08% -421.256 717.22 24.233) 17.99% 7.Cash generated from operating activities to profit after tax.155 21.Cash generated from operating activities F.00% 25.87 30.Un appropriated profit 4. prem..393 247.19 22.87 165.727 1.Profit/(loss) after taxation E.03% 0.997 34.Cash & bank balances to total assets (C1/C) 2.000 12.466 16.Total assets (C1 to C5) 1.031 57.716 235. Items A.875 369.841 1.946 225.Liquidity ratios 1.97 27.00% 0.Net claims 6.45 127.44 112.540 0 592.000 5.000 20.Advances to policy holders & employs 3.43% 20.31% 0.68% -34.87% 11.34% 9.

829 191.121.614 218.Financial Statement Analysis of Financial Sector Silver Star Insurance Company Ltd.74% 14.47 366.44 6.203 110.500 0.309 60.00% 35.75% 107.265 37.Profit/(loss) after taxation E.297 97.61 213.094 0.167 42.894 283.Stock dividend/bonus shares 4.Return on assets (ROA) (D8/C) 3.40% -0.715 31.620 293.49% 5.565 25.Return on equity (ROE) (D8/A) 2.292 (7.Investment income 2.593 36.942 0 3.125 63.Net claims 6.999 69.00% 1.872 8.454 25.985 120.114 119.52 52.772 21.997 231.31% 0.Share capital 2.Underwriting profit 7.53% 15.500 59.052 28.Cash dividend 3. (D6/D8) 6.Outstanding claims.70% -1.59 222.Claims incurred to net premium (B2/D4) 5.Profit/(loss) before taxation 8. (E4/D8) (time) 220 -1.Profit & loss account 1.320 175.313 15.39 9.856 355.229 78.648 76.934 188.396 28.173 12.74% .Gross claims 5.000 0.22 5. Investment to total assets (C3/C) H.750 42.No.Cash generated from operating activities to profit after tax.85% 0.209 0 216.429 97.008 584.34% -1.00% 45.230 (144.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 245.011 439.42% 11.491 144.716 91.201 119.439 51..22% 0.00% 84.149 0 139.Cash generated from operating activities F.034 37.026 54.517) 19.774 76.892 38.493 278.38% 0.429 328.948 100.284 5.95% 19.674 30.457 305.549 220.Efficiency ratios/profitability ratios 1.498 320.10% 1.750 91.024 392.44 -982.146 3.462 58.Cash flow ratio 123.422 44.Balance of statutory funds 2.137 48.Other/misc.733 37.275.52 9.Un appropriated profit 4.03% -2. per share) 4.697 47.972 38.19% 55.Cash & bank balances to total assets (C1/C) 2.454 12.Advances to policy holders & employs 3.798 70.00% 0.625) 8.68 59.821 48.47 -1.00% 0.Cash and balances with banks 2.Earning per share (D8/E1) (rs.00% 45.Total assets (C1 to C5) 1.281 156.049 178.Gross premium 3. liabilities C. adv.052 315.029 0 437.614 211.476 75.69% D.661 0 16.65% 144.909 50.05% 136.00% 27.201) 746.00% 10.102 33.237 279.270 82. assets 5.377 77.Underwriting profit to profit after tax.62% 15.004 16.000 89.Reserves 3.766 6.00% 87.00% 0. of ordinary shares 2.06 60. prem.98% 5.008 837.545 188.Investment income to net premium (D1/D3) - G.980 125.201 0 2.99% 1.30% -0.96% 5.Liquidity ratios 1. Items A.445 40.Net premium 4.48 10.Investments in securities & properties 4.46% -1.353 0 116.938 52.Other items 1.54 7.Total equity (A1 to A3) 1.698 (4..869 72.383 13.517 4.281 210.86% 20.06% 8.942 107.79% 74.22% 9.063 324.Other/misc.127.350 76.866 148.21% 93.984 147.Capital ratio (A/C) 2.692 120.291 3.07% 13.Break up value per share (A/E1) (Rs.572 154.84% 10.397 335.305 60.861 441.987 168.84 52.Total liabilities (B1 to B3) 1.47% 5. due to other insurers 3.Capital /leverage ratios 1.69% 0.Others B.83% 16.79% -0.780 253.342 40.881 536.044 84.240 191.428 25.79% 1. per share) I.

per share) I. Investment to total assets (C3/C) H.79% - - - - - 24. prem.29% - G. adv.Other items 1.Cash generated from operating activities F.074 0 1.Un appropriated profit 4.46% 0. assets 5..00% (113) 0 0.Break up value per share (A/E1) (Rs..Profit/(loss) after taxation E.600 286 0 10.Profit & loss account 1.380 83 1.Net claims 6.Profit/(loss) before taxation 8.831 (2.597) 8.00% 0.Capital ratio (A/C) 2.Efficiency ratios/profitability ratios 1.Share capital 2. liabilities C.15% 173.395 2.Investments in securities & properties 4.15% -39.Other/misc.234 0 2.545 1.00% 254.163 0 0 184 (457) (468) 0 2.Other/misc.Total assets (C1 to C5) 1.Investment income 2.32% 0.00% 0.831 (1.Advances to policy holders & employs 3.Return on assets (ROA) (D8/C) 3.288 65 0 9. per share) 4.83% 0.Gross claims 5.012) 8. (D6/D8) 6. due to other insurers 3.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - - - 819 0 2.Capital /leverage ratios 1.066 88 - - - 0 2.160 2.14% -4.00% - - - 0. Items A.01 86.Underwriting profit to profit after tax.Balance of statutory funds 2.Total equity (A1 to A3) 1.545 2.26% 9.236 8 8 1.02 80.Cash generated from operating activities to profit after tax.43% D.395 2.395 12.576 1.00% 718 - - - -57.108 966 11.Liquidity ratios 1. (E4/D8) (time) 221 .Stock dividend/bonus shares 4.00% 19.700. Ltd.Cash and balances with banks 2. of ordinary shares 2.63% - - - 7.Return on equity (ROE) (D8/A) 2.Reserves 3.No.Cash dividend 3.Outstanding claims.Others B.055 439 414 - - - 0 0.Cash & bank balances to total assets (C1/C) 2.Cash flow ratio 1.971 0 1.Financial Statement Analysis of Financial Sector The Asian Mutual Insurance Co.Earning per share (D8/E1) (rs.Claims incurred to net premium (B2/D4) 5.Net premium 4.760 1.Total liabilities (B1 to B3) 1.Underwriting profit 7.55% 3.Gross premium 3.Investment income to net premium (D1/D3) - 33.

30% 10.295 12.142 5.Cash flow ratio 1.Cash dividend 3. due to other insurers 3.Stock dividend/bonus shares 4.471 936.56% 0.06 3.000 6.00% 0.82% -178.314 (3.Capital /leverage ratios 1.53% 10.139 300.Cash & bank balances to total assets (C1/C) 2.Balance of statutory funds 2.. prem.24% 0. (E4/D8) (time) 222 .54% 0.093 0 5.Earning per share (D8/E1) (rs.000 7.Efficiency ratios/profitability ratios 1.Total equity (A1 to A3) 1.Profit/(loss) after taxation E.908 6.000 0.211 0 5.Cash and balances with banks 2.508 2.473 617.615 1.Other/misc. per share) 4.Return on assets (ROA) (D8/C) 3.Cash generated from operating activities F.Investment income 2. liabilities C.142 9.306 1.79% 0.Break up value per share (A/E1) (Rs.Share capital 2.540 - - - 2.Profit/(loss) before taxation 8.40 33.746 - - - 30.805 1.975 5.Claims incurred to net premium (B2/D4) 5.153 0 5.164 618..Investments in securities & properties 4.Others B.644 736 2.Total assets (C1 to C5) 1.Underwriting profit 7.02 4.018 119 2.15% -471.Cash generated from operating activities to profit after tax.000 0.00% 0. adv.No.Un appropriated profit 4.Net claims 6.07% -327.506 6.Outstanding claims.46 - - - -718.268 5.063 7.Investment income to net premium (D1/D3) G.Advances to policy holders & employs 3. assets 5.19% 0.Net premium 4.00% (5.037 916.Reserves 3.Liquidity ratios 1.Other items 1.238 12.086 0 3.411 6. (D6/D8) 6.Gross premium 3.00% (5.720) - - - 0.Total liabilities (B1 to B3) 1.288 937.20% 27.878.285) 30. per share) I. Investment to total assets (C3/C) H.01 0.037.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - - - 312.Capital ratio (A/C) 2.Profit & loss account 1.Other/misc.01 0.884 300.Underwriting profit to profit after tax.59% - - - 33. of ordinary shares 2.42% - - - 0.24% 55. Items A.61% D.468) 1.Financial Statement Analysis of Financial Sector The Cooperative Insurance Society of Pakistan Ltd.504 917.112) 2.Return on equity (ROE) (D8/A) 2.247 119 (44) (3.08% 0.018 2.562 313.Gross claims 5.

per share) I.Stock dividend/bonus shares 4. (D6/D8) 6.062 35.48 120.81% 0. due to other insurers 3.Cash generated from operating activities to profit after tax.86% 0.Total liabilities (B1 to B3) 1.777 18.248 D.000 26.54% 0.Earning per share (D8/E1) (rs.Break up value per share (A/E1) (Rs.165 121.00% 0.Net claims 6.52% 1. prem.086 24.220 1.07 13. liabilities C.00% (12.607 214.026 109.04% 2.045) 12.379) (30.800 26.Total assets (C1 to C5) 1.108 110.00% 0.388 286.911 117.69% 0.Net premium 4.606 15.893 60.699 27.612 (37.909 121.63% 6.Total equity (A1 to A3) 1.689 84.51% 7.25% 50.000 26. of ordinary shares 2.74% 0.663 30.Capital /leverage ratios 1.048 310.617) 0 177.095 25.06 33.285 237.Cash generated from operating activities 12.Claims incurred to net premium (B2/D4) 5.16% -3.Gross premium 3.Cash dividend 3.00% 0. adv.264 (62.000 26.00% (9.377 171.12 226.No.54 38.336 121.281 130.74% G.210 170.71% 0.41% -13.20 15.835 4.950) 19.025 21.230 39.89% 0.934 0 89.51% -12.220 139.299 86.90% 1.732 0 156.52 0.393 197.009) 9.Liquidity ratios 1.31% 690.108 96.75% -23.00% (9.63% 12. assets 5.108 137.364 34.798 61.Gross claims 5.457 0 24.91% 38.605 3.589 0 100.052 26.265 (37.77% 58.000 26.036 (9.Investment income 2. per share) 4.689 1.372 15.Other/misc. Items A.Underwriting profit 7.Cash & bank balances to total assets (C1/C) 2.40% -85.265 (64.915 0 70.126 41..31 288.427 12.12 -38.66% 0.928) 21.993 12.562 2.921) 12.684 21..349 18.110 41.653 202.00% 0.58% 1.219 30.648 121.068 0 29.89% -241.378 10.Return on assets (ROA) (D8/C) 3.Efficiency ratios/profitability ratios 1.Other items 1.982 9.061 26.Un appropriated profit 4.177 96.85 41.100 0.Share capital 2.00% (5.654 28.011) 0 140.100 0.356) 21.Advances to policy holders & employs 3.100 - F.863 161.03% 107.Capital ratio (A/C) 2.Fixed assets 2007 2008 2009 123.741) (17.63% 1.08 14.39% -34.441 74.Financial Statement Analysis of Financial Sector The Crescent Star Insurance Company Ltd.504 19.Outstanding claims.97 33.090.29% 6.800 0 62.13% -6.Profit & loss account 1.281 7.157 35.72% 39.139 (43.72 2011 (Thousand Rupees) 2010 2011 82.Profit/(loss) after taxation 105.822 10.265 (68. (E4/D8) (time) 223 . Investment to total assets (C3/C) H.73% 2.Reserves 3.483) E.Balance of statutory funds 2.05 11.Other/misc.Underwriting profit to profit after tax.869 79.Others B.106 126.247 45.729) (25.24% 9.051 0 146.18% 11.Cash flow ratio -24.67% 6.Profit/(loss) before taxation 8.889 177.704) 4.10 24.476 26.100 0.739 128.Return on equity (ROE) (D8/A) 2.Investment income to net premium (D1/D3) - - -28.741 0 49.265 112 9.Investments in securities & properties 4.82% -2.744 396 93.680 25.100) 21.59% -680.399) (37.Cash and balances with banks 2.

Profit/(loss) after taxation E..246 - (1.319 345.129 20.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - 275.00% 25.172 95.826 8.Others B.Balance of statutory funds 2.18% 14.25 31.Investment income 2..978 118.Other items 1.Total equity (A1 to A3) 1.Liquidity ratios 1.38% -1.14% 23.Underwriting profit 7.Gross premium 3.269 8.11% D.84% 18.38% 12.46% 18.Reserves 3.599) - 8.812 323.677 25.07 57.10% 8.Total liabilities (B1 to B3) 1.000 100.Cash & bank balances to total assets (C1/C) 2.81% 0.405 22.83% - 0.680 217.041 200.367 300.891 0 123.Underwriting profit to profit after tax.51% 0.175 224. prem.38% 1.172 594.658) 4.474 0 158.21% 0.891 122.Cash generated from operating activities to profit after tax.19 87.Return on equity (ROE) (D8/A) 2.400 33.000 55.Gross claims 5.Advances to policy holders & employs 3.Claims incurred to net premium (B2/D4) 5.00% 8.935 362.Profit & loss account 1.643 110. per share) 4.170 54.Profit/(loss) before taxation 8.761 404.42% 1. liabilities C.Efficiency ratios/profitability ratios 1.93% 7.04% 13.782 0 134.574 51.239 (1.75 110.489 94.23 100.367 10.351 544.11 229.263 261.998 47.15 42. adv.979 99 174.659 9.000 65.Outstanding claims. Items A.416 142. (E4/D8) (time) 224 .Break up value per share (A/E1) (Rs.00% 33.00% (55.302 73.842) 0 91.00% 5.395 109.535 90.17 25.510 65.Cash flow ratio 1.61% -106.186 90.044 141.Net premium 4.763 30.000 (3.Cash generated from operating activities F.00% 15.000 0.247 508.09 34.398 - 20.546 181.48 - 112.214 106 170.863 0 20.Other/misc.066 200.96% 7.609.496 191.000 10.Investments in securities & properties 4.52% 699.123 52.072 231.Investment income to net premium (D1/D3) - G.578 161.Cash and balances with banks 2.603 51.00% 0.857 181 252.00% 0.No.10% 4.18% 440.810 175. per share) I.540 52.Net claims 6.Earning per share (D8/E1) (rs.16% 92.360) 11. assets 5.000 0.925 29.743 290.Capital ratio (A/C) 2. (D6/D8) 6.Capital /leverage ratios 1.Other/misc.640 250.Financial Statement Analysis of Financial Sector The Pakistan General Insurance Company Ltd.75% - 54.50% 64.862 21.809 88.265 705.941 219.579 68.30% 1.000 0. Investment to total assets (C3/C) H. due to other insurers 3.604 193 181. of ordinary shares 2.868 0 239.Share capital 2.10 59.466.123 82.000 107.000 5.Total assets (C1 to C5) 1.Cash dividend 3.54% 4.955 48.970 105.767 138.37% 5.37% 0.080 25.041 9.066 6.38% 15.28% 0.Return on assets (ROA) (D8/C) 3.000 4.Un appropriated profit 4.346.361.448 84.75 66.28% 13.000 105.Stock dividend/bonus shares 4.231 351.

Investment income to net premium (D1/D3) G.Advances to policy holders & employs 3.Profit/(loss) after taxation E. Investment to total assets (C3/C) H.12% 8.289 76.560 45.848 247. prem.Financial Statement Analysis of Financial Sector TPL Direct Insurance Company Ltd.238) 0 368.Reserves 3.No.03 20.313 0 (88..00% 44.521 513.332 453.77% 1.125 - - - 31..Other/misc.499 28.349 - - - -10.761 93.Total equity (A1 to A3) 1.Stock dividend/bonus shares 4.Profit/(loss) before taxation 8.00% 0. due to other insurers 3.Profit & loss account 1.Cash generated from operating activities F.88% - - - 0.640 0 314.Capital /leverage ratios 1.Break up value per share (A/E1) (Rs.860 19.80% D.056 330.099 503 29.234 279.Investments in securities & properties 4.294 198. per share) I.Cash flow ratio 1. adv.20% -3.Earning per share (D8/E1) (rs.632 246.Outstanding claims. assets 5. of ordinary shares 2. Items A.Gross premium 3.Cash generated from operating activities to profit after tax.Underwriting profit 7.Total liabilities (B1 to B3) 1.72% 3.Net claims 6.000 0 (116.Gross claims 5.849 364.Efficiency ratios/profitability ratios 1.25 47.Investment income 2.Claims incurred to net premium (B2/D4) 5.58% - - - 34.Balance of statutory funds 2.19% -96.Cash and balances with banks 2.Other items 1.117 (14.113) 0 408.Cash & bank balances to total assets (C1/C) 2.477 141.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - - - 193.Capital ratio (A/C) 2.231 5.533 5.Underwriting profit to profit after tax.00% 0.200 452.978 409.756) 8. (D6/D8) 6.000 0. (E4/D8) (time) 225 .243 260.Other/misc.879 772. liabilities C. per share) 4.51% -0.762 310.Total assets (C1 to C5) 1.Return on assets (ROA) (D8/C) 3.052) (19.Net premium 4.665 769 159.64% 0.Return on equity (ROE) (D8/A) 2.Others B.Un appropriated profit 4.64 133.347 104.60% 272.656 41.20% 7.Share capital 2.Liquidity ratios 1.840 22.00% 73.01 5.62 127.55% 1.05 - - - -225.Cash dividend 3.55% 260.44% 6.771 0 264.31% 0.669 171.416 331.424 562.107 - - - 3.

563 236.896 1.Net claims 6.230 145.30% 0.389 795 378.755 446.Cash and balances with banks 2.589 96.204 23.791 785.000 0 (273.Cash & bank balances to total assets (C1/C) 2.207 14.176 226.153 0 641. adv.Other/misc. per share) 4.088.24% -15. per share) I.Balance of statutory funds 2.45% -56.Total assets (C1 to C5) 1.Profit/(loss) before taxation 8.03 40.999 551.37% 9.60 143.169 281.000 0 (145.05% 21.084 81.886 34.47% 1.815 123.478 500.933 129. of ordinary shares 2.00 179.98% 0.52% 7.Cash generated from operating activities to profit after tax.383 219.Underwriting profit 7. due to other insurers 3.Capital /leverage ratios 1.85 17.Profit & loss account 1.Others B.443 145.Financial Statement Analysis of Financial Sector UBL Insurers Ltd Items A.91% -0.05% -129.054 800.155) 0 615.Advances to policy holders & employs 3. (E4/D8) (time) 226 .723 579.497 30.Claims incurred to net premium (B2/D4) 5.00% (141.447) 80.Stock dividend/bonus shares 4.Un appropriated profit 4.407 82.000 0. Investment to total assets (C3/C) H.215 64.624 65.00% 0.98% 677.26 95.537 26.Gross claims 5.946) 0 722.93% -0.Net premium 4.000 (145.64% 26.Profit/(loss) after taxation E.Cash generated from operating activities F.31% 172.97% 5.605 373.25 46.15 26.350.604 238.000 0.902 154.376 80.42% 34.872) 0 583.807 481.409) (126.760 703.126 0 437.Total equity (A1 to A3) 1.886 165.935 54.648 46.19% -1.875 802.Capital ratio (A/C) 2.Liquidity ratios 1.07% 28.15 19. prem.905 273.773 961 513.81% 0.Break up value per share (A/E1) (Rs.069 1.576) 0 648.816 0 (75) 1.33% 0. (D6/D8) 6.579) 28.000 0.616 299.Total liabilities (B1 to B3) 1.03 14..Investment income 2.409 129.738 1.31% 12.04% 28.768 624.00% 0.00% (129.499 300.945 75.038 0 536.845 500.083.01% 0.24% 5.206 (44.298 88.00% 54.185) 50.Gross premium 3.796 25.000 0.328 165.02 24.33 200.765 459.000 0 (299.Reserves 3.Outstanding claims.29% D.644) (20.17% 6.01 38.278) (127.Other/misc.000 0 (171.Investment income to net premium (D1/D3) G.00% 0.418 114.00% 0.503 842.163 111.347 127.098 84.465 628.254 27.08% 93.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 154.563 18.718 0 551.06% 0.957 629.Efficiency ratios/profitability ratios 1.14% -2.08% 0.987) 80.Investments in securities & properties 4.90% 42.246..037 264.Cash flow ratio 1.965 522.05% -0.Earning per share (D8/E1) (rs.920 644.03 34.07% -127.Cash dividend 3.945) 70.666 (17.48% 4.705 0 472.Return on assets (ROA) (D8/C) 3.Underwriting profit to profit after tax.73% -4.424 300.67% 95.030 120.000 0.55 114.473 204.54 46.00% 0.989 1.501) 0 0 548.569 33.128 800. liabilities C.92% 4.Other items 1.728 252.354 33.980 3.920 579.742 234.Share capital 2.462 24.00% 22.926 30.No.00% (122.05% 20.13% 18.Return on equity (ROE) (D8/A) 2.00% 1. assets 5.

160 0.82% 5.Net claims 6. liabilities C.96% 0.71% -0.692 0 1.11 2.Others B.00% (2.07% 0.Other/misc.250 34. prem.Profit/(loss) before taxation 8.Total liabilities (B1 to B3) 1.Advances to policy holders & employs 3.Cash generated from operating activities F.705 42. of ordinary shares 2.463 (46.Underwriting profit to profit after tax.160) 265 0 0 0 0 0 (4.556) 54 10.126 13.Cash generated from operating activities to profit after tax.Earning per share (D8/E1) (rs.126 13.25% -10.Liquidity ratios 1.Return on assets (ROA) (D8/C) 3. due to other insurers 3.Profit & loss account 1.83% -0.29% 76.399 57. assets 5.605) 8.Cash dividend 3.462 0 1. Items A.Other items 1.Claims incurred to net premium (B2/D4) 5.Gross premium 3.61% -7.15 1.076) - - - 8.023 5.Cash flow ratio 1.Cash & bank balances to total assets (C1/C) 2. per share) I.Break up value per share (A/E1) (Rs.Investment income 2.20 - - 42.160) (6..538 0 6.Total equity (A1 to A3) 1. Investment to total assets (C3/C) H.507 81.Underwriting profit 7.Stock dividend/bonus shares 4.Financial Statement Analysis of Financial Sector Union Insurance Company of Pakistan Ltd.Outstanding claims.600 7.632) 54 9.00% 0.655 2.Investment income to net premium (D1/D3) - - -24.Profit/(loss) after taxation E.483 (6.00% - - - 0. adv.160 0.982 0 7.00% 0.Total assets (C1 to C5) 1.Reserves 3.076) (4.600 7.Capital ratio (A/C) 2.Investments in securities & properties 4.56% 5.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - - - 46.123) 1. (D6/D8) 6.. (E4/D8) (time) 227 . per share) 4.Efficiency ratios/profitability ratios 1.Other/misc.55% G.883 52.Return on equity (ROE) (D8/A) 2.Balance of statutory funds 2.70 81.Cash and balances with banks 2.040 - - - 100 0 0 0 (2.Gross claims 5.Share capital 2.Net premium 4.583 3.75 -9.No.165 32.463 (42.50 - - - D.120) - - - -13.543 8.431 81.Un appropriated profit 4.16% - - 80.00% (3.Capital /leverage ratios 1.

792 64. adv.199 1.Balance of statutory funds 2.00% 15.116 128.No.995 424. Investment to total assets (C3/C) H.266 423.662 550.080 100.974 23.Underwriting profit to profit after tax.94% 15.508 1.523 204.75% 9.461 315.238.Outstanding claims.116 191.271 178. Items A.Total assets (C1 to C5) 1.Efficiency ratios/profitability ratios 1.Profit/(loss) after taxation E.490 1.126 251.550 277.248 75. prem.Reserves 3.785 643.19 9.09% 318.Investment income to net premium (D1/D3) G.631 84.00% 24.Net claims 6.251 0 208.850 252.559 349.65% 209.653 206.407 75.116 100.503 121.Cash dividend 3.913 10.86% 16.62% 1.Financial Statement Analysis of Financial Sector United Insurance Company of Pakistan Ltd.676 3.799 173. (E4/D8) (time) 228 .80% 6.471 72.72% 158.78% 1.Capital ratio (A/C) 2.66 52.Total liabilities (B1 to B3) 1.270 223..00% 20.Cash generated from operating activities to profit after tax. of ordinary shares 2.52% 0.809 496.023 806.98% 0.Cash flow ratio 1.226 133.772 271.508 548.115 106.Profit & loss account 1.167 175.479 468.664 96.24 10.Others B.228 1.33% 1. due to other insurers 3.54% 301.834 83.Un appropriated profit 4.736 413.772 0 191.269 262.421 21. liabilities C.975 168.880 480 501.770 1.Other items 1.499 0 294.348 312.75% 6.Cash & bank balances to total assets (C1/C) 2.560 205.760 352.97 123.407 210.835 307.00% 134.Gross premium 3..659 1.98 57.550 483.00% 0.15% 177.69% 2.27% 177.00 53.Share capital 2. per share) I.843 1.261 191.740 422. assets 5.474 328.969 168.00% 93.915 0 359.116 193.Underwriting profit 7.658 188.519 5.044 151.880 102.98 101.Stock dividend/bonus shares 4.20 10. per share) 4.93% 234.82% 12.92% 0.00% 14.83% 3.Return on assets (ROA) (D8/C) 3.557 359.89 53.731 239.87 123.Earning per share (D8/E1) (rs.40% 264.Break up value per share (A/E1) (Rs.797 215.323 1.824 638.500 0.55% 17.00% 0.042 30.240 0.Advances to policy holders & employs 3.56% 6.700 1.17% 3.006 75.638 676.639 352.094 764.96 102.728 1.85% 15.972 40.207 844.335 678.08% 88.444.587 58.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 427.Cash and balances with banks 2.Return on equity (ROE) (D8/A) 2.Investment income 2.Total equity (A1 to A3) 1.933 25.085 923.445 1.95% 2.21 9.Other/misc.85 101.Gross claims 5.777 259.000 75.625 0.473 97.222 114.200 75.020 0.45% 12.69% 16.53% 54. (D6/D8) 6.009 161.15% 11.854 49.200 0.Profit/(loss) before taxation 8.323 356.628 0 509.41 92.Capital /leverage ratios 1.537 393.253 550.223 55.65% D.845 302.00% 151.443 666.Claims incurred to net premium (B2/D4) 5.00% 173.705 34.Cash generated from operating activities F.975 137.Investments in securities & properties 4.Other/misc.531 108.47% 11.322 218.537 118.81% 0.018.Net premium 4.405 569.Liquidity ratios 1.47% 0.28% 16.254 58.763 782.346 1.56% 2.806 400.344 345.48% 0.621 135.387 18.52% 128.24 7.

243) (103.075 0 196.Reserves 3.59% 653.900 773 54.630) 211.94% 2.250 0.Balance of statutory funds 2.587 88.840 11.Share capital 2.096 135.Break up value per share (A/E1) (Rs.485) 6.Advances to policy holders & employs 3.535 319.874 177.122 0 492.175 608.Capital /leverage ratios 1.062 16.63 30.614 44.341 (1.Other/misc.817 0 119. (D6/D8) 6.00% 0.Cash generated from operating activities to profit after tax.84% 0.546 0 598.Total liabilities (B1 to B3) 1.652 1.45% 0.304 113.Other/misc.Liquidity ratios 1.Others B.544 630.480) 30.54% .126 328.238 21.000 0.06% 8.850 8.88 19. assets 5. prem.34% 7.50% 0.07% 3.16 5.11% 0.757 553.42 44.34% 0.34% 40.12% 2.869 34.286) 24.309 643 160.531) 0 407.Other items 1.00% 0.201 546.Profit/(loss) before taxation 8.718 143.275) 21.863 0 513.172 512.067 550.000 14.888.06% 49.433) (86. due to other insurers 3.069.037 (17.Total assets (C1 to C5) 1.00% (26.38% 3.606 15.606 120.Return on assets (ROA) (D8/C) 3.Total equity (A1 to A3) 1.326 618. adv.43% 6.232 88.539) 21.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 235.495 1.072 97.513 187.Cash dividend 3.53% 19.00 455.28% 4.62 21.Claims incurred to net premium (B2/D4) 5.663 355.Financial Statement Analysis of Financial Sector Universal Insurance Company Ltd.Investments in securities & properties 4.000 0.583) (64.16 239.02% 12. per share) 4.Investment income 2.172 505.322 117.Efficiency ratios/profitability ratios 1.722 92.254 371.00% (140.Return on equity (ROE) (D8/A) 2.018 158. liabilities C.049 28.534 0 552.541 1.368 32.000 18.000 10.249 (106.Earning per share (D8/E1) (rs.051 207.78 154.646 479.000 0.Gross premium 3..808) 12.180 483.29 159.320 556.Net premium 4.91% 19.12% -7.172 129.12 12.551 292.65% 29.23 26.20% 2.Cash flow ratio 1.244 59.00% 0.00% (101.09% 8.Investment income to net premium (D1/D3) - G.000 0.404 256.Cash and balances with banks 2.472 102.56% D.731 151.590 57.217 0 567.88% 0.000 487.Un appropriated profit 4.56% 4.49% -31.599 0 131.18 9.004.914 210. per share) I.728 143.765 300.93 -117.093 210.617 256.Cash generated from operating activities F.000 14.18% -0.00% 0. Investment to total assets (C3/C) H.878 787. Items A.Underwriting profit 7.14% 4.970 95.127 (43.No.83% -3.00% 0.00% 0.104.18 0.40% 12.484) 230.46% 1.Net claims 6.Outstanding claims.997 262.599 1.Stock dividend/bonus shares 4.479 120..305 214.171 855.179 70.01% 117.047 236.500 14.136) 26.620 0 453.373 660.Capital ratio (A/C) 2.737 360.400 (2.107 57.933 8.541 232. of ordinary shares 2.799 293.023) (110.08 14.Gross claims 5.Profit & loss account 1.19% -6.409 247.78% -666.52% -37.00% (167.Profit/(loss) after taxation E. (E4/D8) (time) 229 -1.40% (67.Underwriting profit to profit after tax.06% -2.974 554 84.Cash & bank balances to total assets (C1/C) 2.727 265.790 181.

Investment income 2.654) 178.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 1.004.Return on equity (ROE) (D8/A) 2.67% -3.636) N/A N/A (367.041 522. due to other insurers 3.558 945.Cash flow ratio 1.335 86.27% -0.42% 9. assets 5.205 0 1.679 1.033 2.Underwriting profit 7.Underwriting profit to profit after tax.27 40.Total equity (A1 to A3) 1.680.Other/misc.621 589.42% 308.828 3.Other items 1.468.741 497.31 32.85% 8.97% -0.431) (7. per share) I.43 82.506) (44.963.533.035.843 N/A N/A (88.448 1.275) (230.630 253.Cash generated from operating activities to profit after tax.309.117 608.Gross premium 3.921.721 1.036.378) (118.00% 0. prem.Investments in securities & properties 4.68% 9.Capital /leverage ratios 1.140.915 109.Advances to policy holders & employs 3.184 4.054 243.Investment income to net premium (D1/D3) G.Return on assets (ROA) (D8/C) 3.077 229.Earning per share (D8/E1) (rs.028) 73.429 89.28% -202.Profit/(loss) after taxation E.09% -2.850 (56.420) (7.898 238. liabilities C.Gross claims 5.Other/misc.563 (133.Outstanding claims.Total liabilities (B1 to B3) 1.Net premium 4.982.713 (811.Profit/(loss) before taxation 8.933) (10.61% -8.665 246.18 106.636 -4.55 70.821.964 994.283 175.707) N/A N/A (171.Capital ratio (A/C) 2.378 (64.245 1.Others B. (D6/D8) 6.118 208.Efficiency ratios/profitability ratios 1.Liquidity ratios 1.502 2.40% -0.23% 6.293 330.281 708.559.367 120.22 67.618.Balance of statutory funds 2.939 755.Un appropriated profit 4.808 787.91% -4.470 1.779) (61.599 319.207.11% 0.49% 78.77% -0.776 0 1.341.643 1.653 46.27% 145.13% 0.881 1.91% 19.Stock dividend/bonus shares 4.447 399.606.68% -0.403) 91.974) 144.63% 17.60% 0.126) (118.Cash and balances with banks 2.172 28.326 0 1.811 0 370.031 1.698 28.688 N/A N/A 693.025.282 0 1.089.905) 4.51 24.682 575.Financial Statement Analysis of Financial Sector Takaful Companies .151 367.Cash dividend 3.28% 82.077 236.352 2.635.07% -0.94% 6.957 (255.072.022.765 702.12% 8.Net claims 6.Share capital 2.. adv.472 (40.964 681.19% 103.Cash & bank balances to total assets (C1/C) 2.849 541.77% 23.859 405.82% .Break up value per share (A/E1) (Rs.77 35.51 157.Reserves 3.542 (46.429) 866.788 1.487 281. per share) 4.86% -6.783 873.272 930.090) 2.No..168) 22.206.609 (951.885 756.129 890.434) (142.36 32.222 132.545 285.322 322.429) 1.358 1.412) 130.026) (57.476 42.48% -4.09% -92.45% -6.961 199.641 2.481.19% D.935 2. (E4/D8) (time) 230 -1.30 35. Investment to total assets (C3/C) H.601.Claims incurred to net premium (B2/D4) 5.430) 946.Profit & loss account 1.93% 8.947 214.Total assets (C1 to C5) 1.305 764.953.771 0 (319.662 586.738) (7.97% 0.65 47.105 2.438 235.51 67.78% -8.308 300.00% -4.162) N/A N/A 11.290.Cash generated from operating activities F.Overall Items A.561.366.373 572.861 43. of ordinary shares 2.772 0 (308.660 1.189 1.60 144.52 65.261 2.932.022 (118.204 1.565 718.268 1.746.25% 113.

17 58.823 0 7.038 562.51% -16.254 203.Return on equity (ROE) (D8/A) 2.090) 321.00% (18.00% 0.Total liabilities (B1 to B3) 1.074 132.532) (90.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - 751.01% -0.373 97. assets 5. per share) 4.15 70.126 818.228 0 (42.342 15.561) 29.00% 0.Other items 1.70% 0.Profit & loss account 1.No.Net claims 6. prem.943 176.949 6.604 244.453 54.470 750.00% -4.Share capital 2.Cash flow ratio 1.Investment income 2.955 773.012 (10.000 0 1.834) (32.104 55.Cash and balances with banks 2.157 241.361 84.000 0 (31.Profit/(loss) before taxation 8.000 0.975 19.20 48.50 267.Underwriting profit 7.000 100. Investment to total assets (C3/C) H.00% (46. liabilities C.154) (10.017 0 100. adv.Un appropriated profit 4.68% 0.99% .821 0 333.079) 75.39% 7.35% -1.Profit/(loss) after taxation E.00% 0.823 88.605) 47.054 11. (D6/D8) 6.000 0 (97.07% 70.Cash & bank balances to total assets (C1/C) 2.67% 0.Liquidity ratios 1.05% 9.224 205.Break up value per share (A/E1) (Rs.865 326.14% - 97.04% -8.413) 75.28 38..66% - 0.Others B.Total assets (C1 to C5) 1.917 23.00% - - -10.169 32.413 76.407 750.79% 20.846 750.270) (65.434 1.Investment income to net premium (D1/D3) G.Capital /leverage ratios 1.079 2.00% 14.008 73.090) 33.00% (106.Earning per share (D8/E1) (rs.Advances to policy holders & employs 3.00% (87. per share) I.834 1.15% 0.495) - 0.Investments in securities & properties 4.653 129.22% -0.70 64.Underwriting profit to profit after tax.625 0 543.00% 36.976 114.407 27.000 0 10.26% 0.012 750.58 79.082.489 652.123 0 451.Cash generated from operating activities F.Other/misc.Reserves 3.66% 0. Items A.87 389. (E4/D8) (time) - 231 -2.452 203.090) 63.498 772..Gross premium 3.757 5.21 153.530) (10.01 93.000 0. due to other insurers 3.Claims incurred to net premium (B2/D4) 5.Outstanding claims.07 1.Cash generated from operating activities to profit after tax.Net premium 4.07% -10.090) 175.00% 0.757 24.593) (10.121 718.46% D.79% 0.376) - 75.665 19.43 224.454 115.Other/misc.316) 75.Financial Statement Analysis of Financial Sector Dawood Family Takaful Ltd.Cash dividend 3.Balance of statutory funds 2.54% -4.Capital ratio (A/C) 2.715 20.000 0.Total equity (A1 to A3) 1.000 0.85% 0.Gross claims 5.173 - 43.80% 8.Efficiency ratios/profitability ratios 1.716 5.217 83.Return on assets (ROA) (D8/C) 3.323 0 (115.383 34.787 0 393.Stock dividend/bonus shares 4. of ordinary shares 2.287 0 (105.000 0 (187.689 49.129 163.47% 0.838 873.03% 10.

Cash generated from operating activities to profit after tax.871 336.631 114.000 0.25 64. per share) 4.499 410.48 128.607 3.03 65.07% 0.98% -93.Gross claims 5.00% 0. (E4/D8) (time) 232 -4.39% 2.614 227.Other items 1.33% 0.037 257.Investment income 2.33% 9.152 606.145 197.Other/misc.54 8.49% 0.000 1.952 219.Total liabilities (B1 to B3) 1.340 216.92% 0.Underwriting profit 7.184) 0 417.000 0.707 1.51 8.089 219.024 0 42.07 46.307 0 366.Profit/(loss) after taxation E.033 94.24% 4.Earning per share (D8/E1) (rs.646 240.56% 0.35% 55.222 106.38% 31.Advances to policy holders & employs 3.646 1.760 270.353 (60.424 229.928 33.Return on equity (ROE) (D8/A) 2.456 143.06% -3.424 126..75% 0.097 197.53% 0.15% 3.437) 0 121.491 25.21% 9.00% 0.00% (13.74 29.10 73.Gross premium 3.921 142.924 266.Reserves 3. Investment to total assets (C3/C) H.544) 101.05% 0.Profit/(loss) before taxation 8.563 250.730 400.36% -120. (D6/D8) 6.942 189.09% 0.933 40.904 322.14% .Outstanding claims.185 0 323.353 41.79% 21.30% 1.046 (41.00% (80.13% 9.Balance of statutory funds 2.41 12.000 0.00% 29.697.Capital /leverage ratios 1.Financial Statement Analysis of Financial Sector Pak Kuwait Takaful Company Ltd Items A.352 59.272 387.173) 1. prem.09% 0.Others B.946 (39.599 0 56.Net claims 6.Underwriting profit to profit after tax.60% 287.358 (1.68% -3.01% 0.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 225.288 260.000 46. due to other insurers 3.895 25.370 12.Liquidity ratios 1.Claims incurred to net premium (B2/D4) 5.Net premium 4.856 250.99% -115.Efficiency ratios/profitability ratios 1.62% 1.Cash and balances with banks 2.911.Cash & bank balances to total assets (C1/C) 2.345 558 222.41% -22.00% 0.345 10.Cash generated from operating activities F. liabilities C.Total equity (A1 to A3) 1.Investments in securities & properties 4.034 34.407 0 54.00% 4.22% 0.No.Return on assets (ROA) (D8/C) 3.785 20.Investment income to net premium (D1/D3) G.69 31.734 159.074 158.525.317 528.914) 49.707 610 256.524 348.536) 0.99 D.714 400.Stock dividend/bonus shares 4.Cash dividend 3.90% 1.188) 40.Other/misc. assets 5.733 199.491 0 33.979 114.00% (51.043 220.534 68.644 250.286) 0 141. adv.591 130.000 0.960 29.967 239.000 0 (24.000 89.Un appropriated profit 4.902) 64. of ordinary shares 2.. per share) I.33% 4.714 277.026 305.46 9.378 21.529 400.144) 0 183.000 0.065 (52.233 36.176 35.151 1.05 58.000 0 (12.204) 141.Profit & loss account 1.Total assets (C1 to C5) 1.328 681.192) 40.Break up value per share (A/E1) (Rs.72% 1.38 8.879) 0 481.00% 0.318 42.Capital ratio (A/C) 2.855 225.07 119.713 (257.605) 2.77% 673.181 0 42.609 (289.48% 6.60% 0.03% 0.175 40.000 0 (22.144 (67.22% 9.Share capital 2.461 180.024 409.00% 0.Cash flow ratio 333.21% 0.

00% 0.92% 8.442 53.547 0 (4.65% 0.838 125.Claims incurred to net premium (B2/D4) 5.Profit & loss account 1.195 (115.39 55.437 99.Net claims 6.98% .12 43.78% -13.415 114.072. prem.Capital ratio (A/C) 2.817) 0 122.Return on assets (ROA) (D8/C) 3.297 0.36 220.Stock dividend/bonus shares 4. (D6/D8) 6.32 37.820 74.077.95% 6.278) (72.894 434.637.Cash generated from operating activities F.Investment income to net premium (D1/D3) - G.Share capital 2.00% 0.Other/misc.16% -0.Reserves 3.17 75.47 1.98% -9.972 0 (101.110 56.469) 0 1.876) 0 293.Gross premium 3.702 136.102 25. Investment to total assets (C3/C) H.45% -0.78% -19.02% 1.391 130.Return on equity (ROE) (D8/A) 2.Cash and balances with banks 2.879 1.Total equity (A1 to A3) 1.399 1.89% -16.Gross claims 5.11% 901.435 1.58% 6.16% -422.894 0 902.771) (72.267 1.16% 0.54% 97.868 1.661 553.26% 8.00% 304.Net premium 4.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 424.13 69.330) 8.155 532.595 176 9.095 (21.Profit/(loss) before taxation 8.Capital /leverage ratios 1.885 233.22% 0.386 272.428 157.Cash & bank balances to total assets (C1/C) 2.Liquidity ratios 1.Profit/(loss) after taxation E.Un appropriated profit 4.88% -6.661 11.00% 780.00% 0.071) 60. per share) I.160 710.00% 0.014 431.672 0 (27..143 152.Cash flow ratio 143.00% 0.Investments in securities & properties 4.373) (9.195 268.95 20.865..05% -4.00% (63.Total liabilities (B1 to B3) 1.170 64.395) 45.03% 9.971 0 (165.Balance of statutory funds 2. liabilities C.00% 8.534 21.365) 17.268 0 285.19% -16.279 608.Investment income 2.536 437.205 9.563 121.No.88% -102.306.11 87.Break up value per share (A/E1) (Rs.08% -1.390 1.332 226.44% -1.276 40.327 0 255.58% -2.039 811.676 2. Items A.043.212 65.574) 0 715.320 451.39 43.177 86.885 0. adv.853 0 (246.580 0 (105. assets 5.295 37.641 0 179.Underwriting profit to profit after tax.00% 0.095 532.15 46. of ordinary shares 2.90% -0.Cash generated from operating activities to profit after tax. due to other insurers 3.146 362.126 575.681 55.00% (30.644) 53.307 1.256 0 406.063 0.60% 0.027) 23.297 0.279 (105.426) 40.69% -1.093 367.405 349.Other items 1. per share) 4.Underwriting profit 7.802 219.453 101.Efficiency ratios/profitability ratios -5.Financial Statement Analysis of Financial Sector Pak Qatar Family Takaful Ltd.262) (62.Cash dividend 3.92% D.478 26.352) 1.48 41.00% 16.00% 11.745 89.Outstanding claims.400.63% 5.18 85.522 181.89 77.717 136.441 -5.740 456.833 100.24% 0.034 3.53% 6.661 660.85% -374.Other/misc.629 0 (276.Earning per share (D8/E1) (rs.Total assets (C1 to C5) 1.569 262.38% -8.427 81.300 158.Advances to policy holders & employs 3.420) (21.288 208.Others B.636 1.325 84.614 71.459 1. (E4/D8) (time) 233 -26.76% 0.09 33.278 9.167 0.095 0 0 1.

07 71.Stock dividend/bonus shares 4.93% 0.00% (129.706) 2.93 30.Other items 1.06% 8.Gross claims 5.Net premium 4.47% -0.469 0 106.73% -7.780 0.Others B.95% 9.58 35.Share capital 2.780 0.Earning per share (D8/E1) (rs.132) 30.800 0 (29.247 8.87% -0.Cash flow ratio 1.02% 0.779 (4..45% -0. Items A.00% (7.626 375.00% 0.557 30.793 275.59% 97.18% 0.224) 2.965 0 273.305 344.184 303.Profit & loss account 1.817 0 131.246.413.28 77.283 52.00% 0.Cash generated from operating activities to profit after tax.589 96.503) 0 168.694) (28.Liquidity ratios 1.Other/misc.Total liabilities (B1 to B3) 1.87% 0.67 62.Net claims 6.756 171.800 0 (41.No.08 56.674 90.76% D.18 29.24% .Cash & bank balances to total assets (C1/C) 2.91% -0. due to other insurers 3.Reserves 3.037 264.Break up value per share (A/E1) (Rs.Underwriting profit 7.68% 269.094 307.372 14.393 443.453 35.800 0 (28.773 14. prem.301) 75.816 0 (75) 1..668) 3.00% 0.Capital ratio (A/C) 2.142 42.Total assets (C1 to C5) 1.625) 121. liabilities C.63% -0.Profit/(loss) before taxation 8.06% 8.920 579.73% -10.Investments in securities & properties 4.780 0.622 81.00% 0.Capital /leverage ratios 1.00 -129.740 307.Gross premium 3.214 103.23% 0.110 278.Cash dividend 3.411. (D6/D8) 6.185) 30.Advances to policy holders & employs 3.92% 9.278) (1.528) 399 399 (1.33% -0.620 0 (43.088. Investment to total assets (C3/C) H.274 188.807 481.503 87.91% -1.409) (126.00% (43.15% 0. of ordinary shares 2.742 234.485 53.Other/misc.00% (77.Cash and balances with banks 2.313 32.661 63.259 5.Claims incurred to net premium (B2/D4) 5.325 0 145.Total equity (A1 to A3) 1.297 307. per share) I.800 0 (32.780 0.Outstanding claims.893) -1. adv.00% 0.142 0 11.971 0 49.616 0 145.543 0 122.578 30.805 1.930) (5.824 0 117.800 0 (10.Underwriting profit to profit after tax.00% 1.457 266.04 49.206 (44.05% -968.803 141.04 24.260 135. (E4/D8) (time) 234 -92.Return on equity (ROE) (D8/A) 2.Financial Statement Analysis of Financial Sector Pak Qatar General Takaful Ltd.425 162.Cash generated from operating activities F.919 279.345 56.660) (5.Investment income 2.219) 30.559 28 347 3.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 297.621 (1.576 307.391 307. per share) 4.94 760.316 0 184.Balance of statutory funds 2.164 0 221.Investment income to net premium (D1/D3) - G.45% 3.661 3.18 86.58% 0.932 22.73% 9.97% 34.45% 0.398 136.00% 118.00% 86.71% 3.401 137.810 140.409) 2.Efficiency ratios/profitability ratios 1.661 105.060) 2.97% 172.718 22.05 70.67% 9.955) 394.66 80.03% -0.Un appropriated profit 4.Return on assets (ROA) (D8/C) 3.00% 0.023 0 40.446) 30.611 177.11% 1.660 112.389 14. assets 5.39 35.38% 0.051 187.780 0.00% (122.Profit/(loss) after taxation E.

Other/misc.308 102.40% -0.064 (3.Liquidity ratios 1.454 12.619 146.016 51.35 27.654) 3.00% 2. due to other insurers 3.193 207.779) 0 0 124.07% 0.990 134.64% -1.00% (123.740 673.790 179.Stock dividend/bonus shares 4.Cash and balances with banks 2.831 344.000 0 (134.Fixed assets 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 259.309 8.Profit/(loss) after taxation E.609 130.18 372.194 (36.834 3.44% 1.00% (19.00% (156.000 0.229 109.771 172.353 165.36% -204.59% 6. prem. per share) 4.Return on equity (ROE) (D8/A) 2.051) (35.44% 440.552) 0 354.46% -227.914 (10.Total equity (A1 to A3) 1.97% -13.98% -51.73% -11.257 14.328) (62.787 300.00% (8.112) 1.349 86.Cash & bank balances to total assets (C1/C) 2.881) -11.501 383.Net premium 4.951) 158.000 0.768 113.Investments in securities & properties 4.422) 30. (E4/D8) (time) 235 .Return on assets (ROA) (D8/C) 3.72% 142.Total assets (C1 to C5) 1. adv.867 218.53 28.907 30.611 30.981 244.83% -7.459) 0 333.Underwriting profit 7.127 11.027 53.Cash flow ratio 1.Earning per share (D8/E1) (rs.820 182.39% 541.981 0 54.Cash generated from operating activities F.Break up value per share (A/E1) (Rs.Efficiency ratios/profitability ratios 1.15% -7.54% 8.541 300.138 19.77% -3.00% 0.44 14.00% 127..850 231.195 0 57. per share) I.902 239.00% 0.Financial Statement Analysis of Financial Sector Takaful Pakistan Ltd.929) 81.088 235.359) (40.441) 2.13% 1.949 488.854) 1.886 113.798 332 67.184 92.780 73.728) 47.Profit & loss account 1.56 24.507) 165. liabilities C.Other/misc.Investment income to net premium (D1/D3) G.000 0 (165.284 (30.50% -27.Others B.904 196.66% 5.Cash generated from operating activities to profit after tax.76 528.391 (50.717 43.48 63.40% 0.507 205.723 36.Net claims 6.Underwriting profit to profit after tax.434) 7. (D6/D8) 6.000 (40.Gross premium 3.No.06% 2..210 0 50.Profit/(loss) before taxation 8.Capital /leverage ratios 1.00% 0.01% 50.49 11.Balance of statutory funds 2.50% 4.000 0.58% 0.Claims incurred to net premium (B2/D4) 5.99% -1.47 13.Advances to policy holders & employs 3.102) 30.018) 0 507.822 0 77.Capital ratio (A/C) 2.739 217.13 192.13% 0.00% 0.Other items 1.448 300.Gross claims 5.000 0 (169.Total liabilities (B1 to B3) 1.000 0.25% -31.741) 30.186 148.545 437.801 16.82% 67.086 180.057 552.350 29.820 36.599 (9.23% 1.02 220.584 (6.64 35.Cash dividend 3. Investment to total assets (C3/C) H.221 300.16% -156.205 116. Items A. of ordinary shares 2.12% 35.439 0 49.Reserves 3.91% 0.213) 0 356.26% 0.230 (112.000 0 (103.563 221.Outstanding claims.Investment income 2.000 0.071 (31.50 10.810 16.64% 3.00% 0.818 162.Share capital 2.667 (22.14% 4.Un appropriated profit 4.937 117.071 153.638 122.53 8.046 356.444 31.373) (40.466) 463.08 136. assets 5.29% -2.982 300.80% 0.31% D.

0 20.1 19. Asian Housing Finance Limited and House Building Finance Corporation (HBFC).2 billion in FY10.3 17. 19. Current assets FY 10 2. 19.7 percent to stand at Rs 19. 6% 5% 4% 3% 2% 1% 0% Total liabilities almost remained same at Rs. showing a growth of 1. i. House Building Finance Corporation (HBFC) showed a profit before taxation of about Rs.1 billion during the current two years under review. 236 Non-Current Assets Current Liabilities Non-Current Liabilities .2 Components of Balance Sheets FY11. however share capital remains 25.6 billion in 0% Total Liabilitie s Total Equity FY11. billion in FY10 to Rs 2.0 0.8 % over prvious year.0 billion in FY11 FY 11 10. 19.0 billion.0 15.000 5.2 percent of FY 11 2.169. there have been two companies available.2 contribute almost 99.1 billion during the current two years under review.e.3 billion in same at 3.6 billion in FY11 as compared to Rs. 2.000 0 Current Assets showed a profit before taxation of Rs.000 billion in FY10 to Rs showing an increase of around 25.6 Growth 5% 0% 2% total assets in FY11.2 17. Total assets slightly increased from Rs.0 billion.Financial Statement Analysis of Financial Sector 2011 HOUSING FINANCE PERFORMANCE AT A GLANCE In the housing finance sector. House Building Finance Corporation (HBFC) 15. Total assets witnessed an increase of 1.6 20.000 Million Rs.169.0 5.0 Billion Rs.7 Total Assets percent over last year.2 5% 2% billion in FY 10 to Rs. 17.0 10.1 19.. ANALYSIS OF BALANCE SHEET COMPONENTS Total equity increased from Rs 2. PROFITABILITY AND O PERATING EFFICIENCY Gross revenue FY 10 increased from Rs 1.

Break up value per share (A/E1) I.067 2.12 1.251 18.30% 11.60% 0.956.85% 4.188 13.Cash & bank balances to total assets (C1a/C) 2.410 4.343 31.067.386.Other assets 29.050.89 0.Non-current assets (a + b) 40.Other items 1.16 1.No.Return on equity (ROE) (D4/A) 9.895.857 C.Total equity (A1 to A3) 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 130.Lease finance b.455 17.909 2.144.622 27.12% -0.191 3.106 309 704.591) 105.04 -16.39% -15.881) (109.036 1.Profit/(loss) after taxation E. (D2/D3) (times) 5.422 2.002 17.Cash dividend N/A N/A N/A N/A 3.81% 2.397.227.098.35 0.438.38 8.04 0.423 18.Non-current liabilities (a + b) a.14 4.05 20.Cash flow ratio 1.144.Accumulated profit (loss) (8.42 10.55% 0.150.098 9.142 33.067 219.969 545.248 1.048.01 0.114 17.14% 0.Liquidity ratios 1.91 7.360 b.130 23.12% -5.228) (1.053.405 59.775) (1.191 19.434 1.Current assets (a + b) 117.Capital ratio (A/C) 2.421 118.420 17.486 19.86 0.Long term finance a.778.705 154.867 3.Efficiency ratios/profitability ratios 1.778.049.38 0.555.324.559 156.57 -0.95 22. expense to profit before tax.107 (18.Admin.42 10.510 1.522 18.578 16.14% 83.575.403.61% -1.184 127.59% 4.757 1.297.985.Return on assets (ROA) (D4/C) 7.685 2.560) (1.769 12.84% 1.565 18.Cash generated from operating activities to current liabilities (E4/B1) -0. & general expense 16.068.05% 0.08% 0.131 168.164 3.Return on capital employed (ROCE) (D4/C-B1) 9.Other current assets 117.716 314.289 (389.11 0.857 0 0 22.28% 4.Cash generated from operating activities N/A N/A F.404 a.29 H.92 1.323.Investment to total assets (C2a/C) 7.12 0.841) (79.235 507.72% 10.30% 11.Total liabilities (B1 + B2) 1.12 1.Profit/(loss) before taxation (12.97 -1.24 6.Cuurent assets to current liabilities (C1/B1) 3.710.105 2.307 4.127.410 314.968 2.Share capital 2.Investment in housing finance 11.291.973 12.14 0.32 -432. from operating activities to profit after tax (E4/D4) -1.629 1.531 2.593 72.68% 3.343 31.463 520.Profit & loss account 1.164 3.980 3.492.20% 3.Cash generated.582 19.35% 4.077.87 4.098 126.04% 0.189 23.08% 14.19% -15.25 -0.969) 1.141.03% 11.616 312.008) 133.Financial Statement Analysis of Financial Sector Housing Finance Companies .Current liabilities 2.89 0.021.666 18.557.062 3.857.18% 2.58 -5.759) 213.Earning per share (D4/E1) G.Total liabilities to total assets (B/C) 0.537 b.Statutry reserves 12.691) (227.21% 0.852 2.225 19.353 1.Total assets (C1 + C2) 157.851 15.582 0 0 120 0 0 19.Others B.973 498.34 0.332 120 0 22.075.221.645) (1.14% -5.127.716 312.14 237 .115 18.Overall Items A.Admin.53 2.022) 651.268) (2.329 52.282.661 3.463 498.15 0.Capital /leverage ratios 1.Stock dividend/bonus shares N/A N/A N/A N/A (13. of ordinary shares 2.Cash & bank balances D.971 15.Revenue 4.357.172.56 6.164 3.575.044 24.528 17.185 17.685 2.619.746 2.85% 5.638 1.176 19.951 79.098 2.578 16.80% -2.521 26.

228) (12.857 C.27% 0.691) 12.258) 1.70 0.38 10.47 9.00% 0.521 26.Statutry reserves 12.Cash & bank balances to total assets (C1a/C) 2.11 -2.178 120 0 22.Other assets 29.973 12.423 112.12 0.00% 3.Non-current liabilities (a + b) a.341 30.00% (13.Cash generated from operating activities F.720 14.111) (1.029 3.268) (4.00% 0.585 125.Admin.Stock dividend/bonus shares 0.310 2.Current assets (a + b) 117.97 -0.22 0.593 72.192 19.256 14.085 14.48% 0.857 0 0 22.129 3.01% 0.01% 80.813 143.Cuurent assets to current liabilities (C1/B1) 3.685 2.164 126.Profit/(loss) after taxation E.951 79.401 13.No.449) (20.973 3.881 29.15 -2.310 14.256 36.648 2.343 31.59% -1.96 -8.71% -5.404 a.43% 4.26 1.10 0.843 11.59 4.535 51.00% 0.92% -1.50 -0.983 32.511 133.248 11.933 92.06% 8.098 9.502 430 1.Total assets (C1 + C2) 157.02 H.Capital /leverage ratios 1.526 165.Liquidity ratios 1.Cash dividend 0.Cash generated from operating activities to current liabilities (E4/B1) -0.615 87.Financial Statement Analysis of Financial Sector Asian Housing Finance Ltd.04% 0.64% 72.15 0.811 13.324) (896) (7.Efficiency ratios/profitability ratios 4.582 0 0 120 0 0 19. from operating activities to profit after tax (E4/D4) -1.28 4.00% 0.02% 3.142 33.616 14.00% 0.560) (22. & general expense 16.698) 1.Profit & loss account 1.264) (896) (7.889 13.607) 12.Earning per share (D4/E1) G.Return on assets (ROA) (D4/C) 7. of ordinary shares 12.Long term finance a.00% 0.Break up value per share (A/E1) I.Others B.86% 76.Investment in housing finance 11.405 88.03% -0.57 0.537 b.154 91.164 126.544 6.32 -2.867 3.25 2.96 9.289 (4. expense to profit before tax.19% -0.Admin.35 1.Cash flow ratio 238 .42 6.098 126.59% -4.973 12.Other current assets 117.Lease finance b.00% 0.39% -0.685 2.Share capital 2.Profit/(loss) before taxation (12.035 23.54% -4.Investment to total assets (C2a/C) 7.Revenue 4.25% -1.188 13.12 0.851 17.38% 14.08% 0.Return on capital employed (ROCE) (D4/C-B1) 9.848 1.39% 10.405 59. Items A.909 126.Capital ratio (A/C) 2.044 24.093 13.80% -0.81 -4.973 12.980 11.23% -0.Total equity (A1 to A3) 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 130.03 9.098 2.Return on equity (ROE) (D4/A) 9.046 184.114 112.356 168.36% 83.080) (1.Cash generated.70 1.Accumulated profit (loss) (8.444 309 779 790 460 796 b.11 0.582 19.685 0 0 23.03% -0.565 146. (D2/D3) (times) 5.Total liabilities (B1 + B2) 1.971 17.Current liabilities 2.343 31.00% 0.20% 0.622 27.03% -0.19 0.07 -0.60 -15.616 12.55 6.552) (13.616 12.04 -0.184 127.34 -0.705 154.73 -1.24% 16.Cash & bank balances D.329 52.92 6.164 143.688 135.Non-current assets (a + b) 40.27% 2.Total liabilities to total assets (B/C) 0.973 12.Other items 4.844 2.

59% 0.Other items F.74% -5.87 0.545 1.Total assets (C1 + C2) - 18.96 20.112) 140.061.58% 5.Lease finance D.996 532.08% 3.00% 0.111) (1.Cash generated from operating activities - (239.Break up value per share (A/E1) - 8.564 b.100 2.58% 2.22% 0. & general expense - 1.28 -0.490 507.322 16.Cash flow ratio 1.507.288 218.Cash dividend - 0.437.Other assets - 0 0 0 - 1.89 0.145 19.372.04 0.Cash generated from operating activities to current liabilities (E4/B1) - -0.Others - 0 (578) (18.00% 0.Total liabilities (B1 + B2) a.019 17.Long term finance - 0 0 0 0 C.Revenue - 3.16 1.95 - -1.775 506.053.449.993 17.Total liabilities to total assets (B/C) - 0.051 18.000 2.41 6.40 - 3.151) 647.02 0.Profit/(loss) after taxation - (385.12% -0.820 19.Statutry reserves - 485.79 9.216.74% -5.378 1.548.Non-current liabilities (a + b) - 0 0 0 0 - 0 0 0 0 b.45% 10.12 1.Total equity (A1 to A3) B.809 1.562.001.695) 112.375.69% 11.580 4.Cash & bank balances to total assets (C1a/C) H.223) (1.Cash generated.372.322 16.Liquidity ratios 1.283.053.Non-current assets (a + b) - 0 0 0 0 a.154 1.002.65% 5.100 300.911 2.098 2.Earning per share (D4/E1) G.267 1.372.00% 1.662 a.000 3.00% 0.589 17.472.662 1.52% 5.019 17.52 20.061.70% 10.Admin.034.811 2.036.16 6.301 17.No.490 485.820 19. of ordinary shares - 300.14 0.632 3.61% 2.761.001.268. (D2/D3) (times) - 854.603 2.154 2.62% 4.001.89 0.Return on assets (ROA) (D4/C) - -2.00% 0.423 (78.089 3.14 239 .Investment in housing finance - 0 0 0 0 b.914 1.62 -5.00% 0.225 1.Accumulated profit (loss) - (1.86% 1.Investment to total assets (C2a/C) - 0.00% 0.00% 0.00% 0.78 -16.100 300.157.Stock dividend/bonus shares - 0.Cash & bank balances - 703.000 3.24 2.370 18.002.Cuurent assets to current liabilities (C1/B1) - 1.Capital ratio (A/C) - 13.532 120.Current assets (a + b) - 18.711) 4.00% 0.Profit & loss account E.037.00% 3.79 7.945.000 3.Share capital - 3.14 3.Return on equity (ROE) (D4/A) - -15.379 2.14% 2.Other current assets - 17. from operating activities to profit after tax (E4/D4) - 0.766.993 17.Profit/(loss) before taxation - 1.Financial Statement Analysis of Financial Sector HOUSE BUILDING FINANCE COMPANY LIMITED 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - 2.349 1.769 155.697.19 Items A.124 2.001.984.866.877 1.100 300.12 1.82% 2.309.65% 5.37 0.36 0.557) (108.00% 4.Return on capital employed (ROCE) (D4/C-B1) - -15.085) (1.984.Capital /leverage ratios I.761.210.740 1.897.759) 213.211 170.60% 0.034.130 - 15.88 4.Current liabilities - 15. expense to profit before tax.Admin.924.056.43 9.210.589 17.Efficiency ratios/profitability ratios 5.145 19.467 1.

ANALYSIS OF BALANCE SHEET COMPONENTS Total equity is in the negative zone at Rs -2.0 3.4 percent.1 billion in FY10 to Rs 6. Total assets base stood at 5. Losses before and after tax stood at Rs. Expense Financial Charges 10.2 0.8 billion.1 Total Equity Total Liabilities Total Assets percent are non-current assets.25 FY 11 percent in FY10 came down to 27. PROFITABILITY AND O PERATING EFFICIENCY Gross revenue increased from Rs 9.0 -18% -20% -30% -40% -50% -60% -70% -59% 54.0 2.6 percent over On the other hand.2 Total Liabilities decreased from Rs 6.3 6.0 6.0 2.0 2.5 10.0 Billion Rs.5 billion Growth -59% -4% -18% during FY11. suffered heavy losses again in FY11.9 percent while remaining 45. FY10.8 0.0 0.9 billion during FY10 declined to Rs.0 percent in FY11 over FY10.2 0.0 -1.5 billion in FY10 to Rs 10. 2.0 Admin & Opr. 8.2 billion in FY10 decline of 18. 1.9 4. recording a decline of around 3. Venture Capital showed losses before and after taxation of about Rs 1. Administrative and General Expenses which were Rs 2. to Rs 5.1 billion in FY11. Total assets Components of Shareholder's Equity declined from Rs 6.5 5.17 percent in FY11.0 5. registering a decrease of 3.The venture investment declined by 12.1 billion both in FY10 & FY11.Financial Statement Analysis of Financial Sector 2011 VENTURE CAPITALS PERFORMANCE AT A GLANCE Venture Capital reflected contraction in balance sheet size during the period under review. witnessing an increase of around 7.7 percent in FY10. Total equity contracted by around 59 percent during FY11. Ratio of total equity to total assets was 42.0 FY 10 to revenue which stood at 30. Venture Capital however.8 FY 11 -2.0 4.2 billion in FY11.2 9.0 -2. In composition Billion Rs.0 6.0 2.8 percent over FY10.0 1.2 percent. showing a of total assets.8 6.1 6.1 billion in FY11.2 percent in FY11 as compared to 21.0 7.1 billion in FY11. It is also noted that the ratio of Administrative and General Expenses Revenue 12.1 billion in FY11 due to heavy unappropriated loss shown by TRG Pakistan Limited. FY 10 -1. 240 . current assets comprise 0% -10% -4% 8.

61% 111.07% -2.271) (1.417 2.907 4.Cash generated from operating activities to current liabilities (E4/B1) (times) 241 .38% -191.105 743.79% -16.61% -22.Others 2.17 3.16% 4.726 10.06 0.Total liabilities (B1 + B2) 1.951) (53.Return on equity (ROE) (D5/A) -2.057.756 2.765.448 54.972 225.33 -0.980 4.491) (2.496 321.473 454.100 144.054.013.598 420.450 3.399.193 6.307) (1.043) 416. & operating expense 47.628 288.871 5.04 -0.19 -0.835.032 6.Cash & bank balances b.430 4.862.Stock dividend/bonus shares 4.427) (5.399 6.25% 27.Return on capital employed (ROCE) (D5/C-B1) -1.598 a.891 420.663 207.20 9.728.Liquidity ratios 1.122 3. of ordinary shares N/A 2.056.521 220.173.483 3.659 233.70% -42.15% 9.249 667.077 4.000 769.784.074 3.824 167.76 -2.07% 237.Return on assets (ROA) (D5/C) -1.Current liabilities 2.47 0.63 -3.86% -18.614 1.925) (229.125) 3.Cuurent assets to current liabilities (C1/B1) (times) 2.Profit/(loss) after taxation (79.03% 52.056.913 2.406.219 247.871.168.507 2.10 -0.524 542.690 6.637 2.Non-current liabilities C.973 2.874 2.050.980 4.367.929.17% -0.Efficiency ratios/profitability ratios 4.948.790 4.Total liabilities to total assets (B/C) (times) 0.Financial Statement Analysis of Financial Sector Venture Capital .20% -448.243) 5.18 -5.203) (79.88 0.110 8.74% 8.703 6.907 0 0 (333.331 2.794 48.307 126.493 6.959 464.12 0.588) (1.15% 118.550 3.Break up value per share (A/E1) I.55% 30.861 224.782 3.89 -3.Profit/(loss) before taxation (79.46 3.167) (1.56 0.61% -5.940) 0 12.Venture investment b.205.Share capital 2.Other items 1.110.302) 4.127.36 -0.511.795. expense to revenue (D2/D1) 6.494) 1.68 0.358 22.25% -28.598 420.263 5.Total assets (C1+C2) 1.Earning per share (D5/E1) G.19% 904.418 47.342 10.505 6.580.03 0.565.510 (375.Others B.Overall Items A.279 138.881.Capital /leverage ratios 1.076) (6.Return on revenue (ROR) (D5/D1) 5.378 3.Admin.Reserves 2007 2008 2009 3.821 6.397) 2011 (Thousand Rupees) 2010 2011 (1.508 47.64 0.600.483 3.379) (91.976) (1.128.94 1.783.No.Revenue 30.Cash generated from operating activities to profit after tax.307.521 9.980 290.168.Admin.909.82% 31.607.247.935.270.205.Current assets (a + b) (373.00% 159.223 (4.22 -4.143) (1.901 3.555 3.746 2.72% -25.909.92 0.Non-current assets (a + b) a.145 237.205.Total equity (A1 to A3) 1.075.Others D.96% -2.80% 9.10 1.Cash dividend N/A N/A N/A N/A N/A N/A N/A N/A N/A (73.32% -264.Cash flow ratio 1.526.496.Capital ratio (A/C) 2.291 421.932 2.Cash & bank balances to total assets (C1a/C) H.022.90 -1.660 137.29 94.891 416.379) (65.322 625.57% 93.784.390.05 0.Profit & loss account E.41% 519.Unappropriated profit/loss 4.94% 2.94% 3.Cash generated from operating activities F.53% -21.60% -11.278.769.967 55.66 0.06 0.045 20.605 162.737) 4.772.98% -2.232 146.392) (1.419 2.01 -0.862.348.001 4.Financial charges 53. (E4/D5) (times) 2.22% 0.20% 2.018 165.339.

Others - - 10.020 20 20 1.Share capital - - 25.734 b.Non-current liabilities - - 0 0 0 C.80 2.033 5.Cash & bank balances - - 396 380 229 b.66% 2.098) (10.Unappropriated profit/loss - - (11.66% 59.Total assets (C1+C2) - - 52.Earning per share (D5/E1) 38.Admin.Return on revenue (ROR) (D5/D1) - - 19.Admin.99% 2.43 3.106 33.207) 1.590 35.025 4.93% 0.126 5.87 6.68% - - -5.Capital ratio (A/C) - - 27.397 1.Stock dividend/bonus shares - - 0.07 24.Cuurent assets to current liabilities (C1/B1) (times) - - 2.191 1.Cash generated from operating activities to current liabilities (E4/B1) (times) - - -1.51% 2.073 25.98% 38.891 20.Reserves - - 752 752 752 3.00% - 4.54% 5.Liquidity ratios 1.073 25.194 35.233 a.Efficiency ratios/profitability ratios 6.09 3.148) 3.Return on equity (ROE) (D5/A) - - -96.053 5.12 0.892 - - 17.32 0.114) 4.025 4.89% 2.384 17.Cash generated from operating activities - - (19.Return on assets (ROA) (D5/C) - - -26.073 2.354 2.068) (10.36% 2.507 2.998 3.Others - - 35.536 6 - 2.34% 4.891 20.Total liabilities (B1 + B2) 1.29 6.63 2.04 1.00% 0. of ordinary shares - - 2.60% 8.507 2.987 1. 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 - - 14.045 37.759 1.663 2.35 3.00% - 3.Profit/(loss) before taxation - - (14.207) 1.27 1.231 1.Cash & bank balances to total assets (C1a/C) 2.Venture investment - - 7. expense to revenue (D2/D1) - - -37.Others - - 20.397 1.727 15.81% 2.01 E.24% 33.23% G.Total liabilities to total assets (B/C) (times) - - 0.60% 57.11 0.39% 41.Current liabilities - - 2.531 3.030 889 1.Profit & loss account 3.Cash generated from operating activities to profit after tax.47% 6.Break up value per share (A/E1) - - 5.Capital /leverage ratios I.004 - - 17.Financial charges - - 172 4.Other items F.Total equity (A1 to A3) B. (E4/D5) (times) - - 1.38% 5.711 1.Current assets (a + b) - - 35.Revenue - - (37.33 H.757 15.165) 5.Non-current assets (a + b) D.507 2.Cash flow ratio 242 .559 4.00% 0.539 4.67 0.35 - - 0.41 0.486 33.Cash dividend - - 0.643 41.No. & operating expense - - 13.75% 0.Return on capital employed (ROCE) (D5/C-B1) - - -39.43% 3.Profit/(loss) after taxation - - (14.754 a.Financial Statement Analysis of Financial Sector AKD Capital Ltd.384 Items A.

16% -5.54 0.000 300.040 26.46% -2.151 342.334 1.Cash dividend 0.11 E.813) (77.Non-current assets (a + b) a.519 244.41 -0.85 -0.187 222.375) (25.000 30.151 304.67% -5.11 0.Cuurent assets to current liabilities (C1/B1) (times) 4.00% 0.524 466.375) 152 428 428 428 5.Cash generated from operating activities to current liabilities (E4/B1) (times) 243 .315 19.60% -60.187 222.94% 7.00% 0.813) 0 0 0 0 0 187.Unappropriated profit/loss 4.38 -0.Return on revenue (ROR) (D5/D1) 5.212 29.Reserves 3.Total assets (C1+C2) 446.38 0.366 343.27 0.222 233.000 30.Capital ratio (A/C) 2.52 0.212 D.171 213.10% -5.16% -5.040 26.Total liabilities to total assets (B/C) (times) 0.Current liabilities 2011 (Thousand Rupees) 2010 2011 2007 2008 2009 259.16% 2.Share capital 2.08 0.Financial charges 4.Admin.42 0.05% 7.710 466.813) (77. expense to revenue (D2/D1) 6.964 26.801 124.Other items 4.Return on assets (ROA) (D5/C) -3. (E4/D5) (times) 2.60% 31.00% 0.337 244.Break up value per share (A/E1) I.005 4.00% 0.00% 0.373 124.63% 8.46% -2.856 193.000 300.895 342.128 304.395 103.Financial Statement Analysis of Financial Sector AMZ Venture Capital Items A.586 1.Others B.Earning per share (D5/E1) G.Cash generated from operating activities to profit after tax.Stock dividend/bonus shares 0.92% -562.Admin.000 2.41 7.469) (11.05% 7.511 27.023 38.337 244.524 466.No.60% -60.567) (11.663 38.952 29.Total liabilities (B1 + B2) 1.128 304.41 -0.38 -0.07% 52.926 4.Profit/(loss) before taxation (16.51 0.000 30.000 300.11 0.655 222.00% 0.Non-current liabilities 163.Liquidity ratios 1.128 304.79 7.337 23.791 342.28 0.469) (11.Others 207 14 7 7 7 102.00% 0.Cash & bank balances to total assets (C1a/C) H.30 0.Cash generated from operating activities F.187 300.023 38.926 18.16% 3.000 30.023 14.151 342.373 124.055 244.Current assets (a + b) 102.00% 2.46% -116.536 0 0 - C.778) (66.30% 56.Total equity (A1 to A3) 1.469) 1.00% - 6.94% -5.16% -5.Capital /leverage ratios 1.366 124. & operating expense 3.345) (77.90% -60.52 58.32% -10.Venture investment b.128 304.337 2.542 18.000 300.926 18.Others 2.373 a.62 -2.Return on capital employed (ROCE) (D5/C-B1) -3.337 244.040 1.366 124.000 0 0 0 0 0 (40. of ordinary shares 30.55 -0.Cash & bank balances b.51 0.815 124.05% -0.05% 0.683 15.Return on equity (ROE) (D5/A) -6.767 38.00% 0.63% 47.51 3.Cash flow ratio 1.00% - 3.383 2.337 244.128 39.88% -10.602 103.524 1.52 0.31% 47.212 29.41 7.334 26.Efficiency ratios/profitability ratios 4.334 1.Revenue 2.Profit & loss account 1.64 7.00% 0.16% -5.27 -2.27 -2.72% -2.393 446.63% 47.Profit/(loss) after taxation (16.48 0.

expense to revenue (D2/D1) 6.Cash & bank balances 2.315) 5.82% 3.500 7.390 D.Admin.Profit/(loss) before taxation (11. of ordinary shares 4.Cash generated from operating activities to current liabilities (E4/B1) (times) 244 .51% 198.20% -84.854) (4.34 -2.Cash flow ratio 1.378 6.Capital /leverage ratios 1.Non-current assets (a + b) a.82% -261.833 4.043 2.10 0.Total assets (C1+C2) 1.437 6.00 1.500 7.98% 6.146 15.Current assets (a + b) (Thousand Rupees) 2010 2011 2007 2008 2009 10.428 6.51% 198.51% -7.500 19.00% 0.10% 2.10 0.315) (6.970) (14.00% 0.Financial Statement Analysis of Financial Sector TMT-Venture Capital Items A.827 8.415 2.786 1.Non-current liabilities C.05% -551.790 2.00% 0.700 2.42 -0.390 2.Cash generated from operating activities to profit after tax.Return on assets (ROA) (D5/C) -85.415 6.42 0.681 7.Return on revenue (ROR) (D5/D1) 5.Total equity (A1 to A3) 1.Profit & loss account 7.80 -2.Cash & bank balances to total assets (C1a/C) H.706) (6.Cash generated from operating activities F.846 14.Earning per share (D5/E1) G.00% 0.415 6.32 0.315) 1.05% 2.Admin.Venture investment b.315) (6.87 0.437 6.10 1.04% -1.740 7.42 0.87 72.266 1.142) 644 644 644 1.390 2.437 a.Others 0 0 0 0 0 4.98% 12.20% -84.No.000 0 0 0 0 0 (19.854) (25.000 27.10% 0.10 -0.10% 0.000 27.500 1.266 13.000 0 0 0 3.970) (14.75% 3.146 1.34 17.137 6.Revenue 2.387 255 9 9 9 b.266 1.00% 0.700 2.98% 12.51% -1.Profit/(loss) after taxation (11.Financial charges E.49% 198.27 0.78 -3.681 1.46 3.539) 1.Other items 1.500 7.221 5.65% -1.Others 7.999 12.390 2.000 27.96% -84.700 2.123 6.37% 12.Return on equity (ROE) (D5/A) 4.778 7.861 (12.45 1.221 5.Reserves 4.888 14.54% -71.00% - 3.888 14.54% -154.44% -261. (E4/D5) (times) 2.390 2.Efficiency ratios/profitability ratios -117.465 21.827 9.Cash dividend 0.539) (25.Others B.68 0.16 -5.10 -0.888 257 477 431 431 431 4.03 0.Total liabilities to total assets (B/C) (times) 0.681 7.315) (6.000 15.00% 0.98 -9.02% 0.83 -0.146 1.Share capital 2.006 2.00 3.49% -1.Liquidity ratios 1.40 0.05% -551.87 0.854) (25.390 2.Stock dividend/bonus shares 0.19% -71.10 2.54% -71.315) (6.20% 251.391 7.05% 0.Return on capital employed (ROCE) (D5/C-B1) -98.Current liabilities 2.00% - 3.834) 3.00 1.706) (6.Capital ratio (A/C) 2.006 2.62% -0.82% -261.428 4.166 (4.428 6.Cuurent assets to current liabilities (C1/B1) (times) 5.Unappropriated profit/loss 2011 0 12.24% -551.923 7.827 8. & operating expense 3.500 2.34 -2.384 8.Break up value per share (A/E1) I.Total liabilities (B1 + B2) 1.

566.240.Total assets (C1+C2) 1.08% -0.853.17% 5.889 3.596.Cash & bank balances b.536.563 464.Cash generated from operating activities F.Non-current assets (a + b) a.224 2.341) (6.471 (4.622 6.564.43% -1.Non-current liabilities C.362) 3.034) (51.00% 0.09% 46.609 3.Return on assets (ROA) (D5/C) -1.494.Return on revenue (ROR) (D5/D1) 5.42% -1.034) (1.092.231 1.323 195.159) 0 0 748.45 3.720 33.409) 1.Others 2.928.25 -1.215 29.646 3.383.24% 2.47 0.121.401) (1.53% 358.669.367.073 2.97 -4.561.Revenue E.561.87% -18.14% 27.073) (1.00% - 1.215 29.907 0 0 (287.215 5.595.215 6.13 -0.534 76.907 3.394 (613.05 0.394 3.227 6.47% -614.844 204.25 9.257.747) (237.Return on capital employed (ROCE) (D5/C-B1) -1.867 4.10 -6.112 542.207 453.493 27. (E4/D5) (times) 2.629 29.391 127.434 4.47% -16.19% 99.391 385.01 0.Admin.654 2.43% -1.222) (1.86% 288.493 2. of ordinary shares 2.06 -2. expense to revenue (D2/D1) 6.827 3.Financial Statement Analysis of Financial Sector TRG Pakistan Limited Items A.391 0.595.Earning per share (D5/E1) 87.825 2.164 3.558.862.391 385.355 3.59% 10.915.00% - (83.090 6.720 2.87 -2.00% 0.Cash dividend 0.230 167. & operating expense 23.562 2.025 420.110.747) (83.946 10.13 -4.781) 3.Current liabilities 2.89% 2.148) 385.378.94 -2.04 -0.558.38 99.Unappropriated profit/loss 4.534 3.Capital /leverage ratios 1.Stock dividend/bonus shares 4.258.513) 3.647 6.415 27.657 2.75% 3.358 646.Others (287.652 3.17% 0.566.840 1.Venture investment b.No.15 1.046 29.15 1.98 1.Admin.Cuurent assets to current liabilities (C1/B1) (times) 1.608.Total liabilities (B1 + B2) 1.44% 99.01 -0.618.894 33.399.513) 2011 (Thousand Rupees) 2010 2011 (1.882 0 0 624.00% 0.00% 0.47% -10.907 3.070.260 9.Liquidity ratios 1.946 3.801.853 161.87% -614.034) (51.609 6.199 258.804.227 321.907 3.595 2.391 385.487) (83.883 5.42% -30.Cash & bank balances to total assets (C1a/C) H.Capital ratio (A/C) 2.355 3.513.91% -52.Profit/(loss) after taxation (51.797 3.581) (2.482) 5.Share capital 2.Break up value per share (A/E1) I.43% 312.Total liabilities to total assets (B/C) (times) 0.23% 30.Cash generated from operating activities to current liabilities (E4/B1) (times) 245 .88 0.043.Profit & loss account 8.561.143.674 3.Profit/(loss) before taxation (51.486) (1.Total equity (A1 to A3) 1.497.59 -4.857.65% -24.Reserves 2007 2008 2009 3.00% 0.391 385.946 23.Efficiency ratios/profitability ratios 4.64 0.199 27.15 0.214 722.55% G.181 D.00% 0.240.19% -9.218.12 0.015) (1.Current assets (a + b) a.499 5.18 3.766.300 10.Financial charges 27.578.51% 288.656.256.853.916.636 2.300 8.853.63% -27.80% -27.Cash generated from operating activities to profit after tax.13% 9.01 0.034) (1.067 6.393 236.43% -252.Return on equity (ROE) (D5/A) -1.756.Cash flow ratio 1.87 -0.56 0.853.64 1.51% 31.089.Other items 1.694.Others B.889 3.19% 9.662) (5.853.907 289.14 1.

Financial Statement Analysis of Financial Sector Appendix 2011 .

P. 54 53 A. 44 6 The Hong Kong and Shanghai Banking corp. Industrial and Commercial Bank Of China Limited Oman International Bank S. Public Sector Banks (5) 1 First Women Bank Limited 30 20 Standard Chartered Bank Ltd.G.L 62 3 Askari Bank Ltd. Bank 61 2 Allied Bank of Pakistan Ltd. # 52 17 18 Samba Bank Limited SilkBank Limited (Saudi Pak Bank). 38 D. 70 11 Habib Metropolitan Bank Ltd. 39 40 1 2 Barclays Bank PLC Citi Bank N.O. 48 1 Pair Investment Company 75 14 MCB Bank Ltd. 10 Habib Bank Ltd.D. Private Sector Banks (22) 2 SME Bank Ltd 60 1 Albaraka Bank (Pakistan) imited 36 3 Punjab Provincial Co-op. 45 7 The Bank of Tokyo-Mitsubishi Ltd.Financial Statement Analysis of Financial Sector 2011 Appendix Companies Covered in the Financial Statements Analysis As on 31st December 2011 Total Companies (182) Company Banks (38)* Page # Company Page. 37 4 Z. 41 3 Deutsche Bank Limited 66 7 8 Burj Bank Limited Dubai Islami Bank 42 43 4 5 67 68 9 Faysal Bank Ltd. Bank Al Falah Ltd. Pakistan 55 2 National Bank of Pakistan 31 21 Summit Bank Limited 56 3 Sindh Bank Ltd.B. Foreign Banks (7) 4 5 Bank Al Habib Ltd. 32 22 United Bank Ltd 57 4 The Bank of Khyber 33 C. 59 B. 50 3 Pak China Investment Company Limited 77 16 NIB Bank 51 4 Pak Kuwait Investment Company Limited 78 69 Development Finance Institutions (7)* 247 .A. 46 12 JS Bank 47 13 KASB Bank Ltd.B. 19 Soneri Bank Ltd.T.A 64 65 6 Bank Islami Pakistan Ltd. Specialized Banks (4) 5 The Bank of Punjab 34 1 I. 49 2 Pak Brunei Investment Company Limited 76 15 Meezan Bank Ltd.

. 102 5 B. Ltd. 88 9 Meezan Balanced Fund 116 4 Pak-Gulf Leasing Company Ltd. Ltd.* 103 6 Constellation Modarba 131 7 Trust Investment bank Ltd. 91 12 PICIC Growth Fund 119 7 Security Leasing Corp. 104 7 Crescent Standard Modaraba 132 8 Elite Capital Modarba 133 1 Mutual Fund Companies (15)** Al Meezan Mutual Fund 9 108 Equity Modarba 134 10 Fidelity Leasing Modarba 135 11 First Imrooz Modaraba 136 248 .. 101 4 B.* 90 11 PICIC Energy Fund 118 6 Saudi Pak Leasing Co. 81 4 First Capital Mutual Fund Limited 111 5 First Dawood Mutual Fund 112 6 Leasing Companies (9)** 86 7 Golden Arrow Selected Stocks Fund Limited JS Growth Fund 113 Grays Leasing Ltd. (PVT) Ltd. Inv CO. 2 NBP Leasing Limited 87 8 JS Value Fund 115 3 Orix Leasing Pak Ltd.R.Noor Modarba 127 100 3 Allied Rental Modaraba 128 IGI Investment Bank Ltd. # 2 Asian Stocks Fund Limited 109 5 Pak Libya Holding Company Limited 6 Pak Oman Investment Company Limited 80 3 Atlas Fund of Funds 110 7 Saudi Pak Industrial & Agri. Ltd.F Modaraba 129 5 Invest Capital Investment bank Ltd...* 93 14 Pak Oman Advantage Fund 121 9 Standard Chartered Leasing Limited 94 15 Safe-way Mutual Fund 122 Escorts Investment bank 98 1 2 First Credit and Investment bank 99 3 First Dawood Investment bank 4 1 1 Investment Banks (7)** Modarba Companies (26)** 114 Modarba Al-Mali 126 2 Al.R. 92 13 PICIC Investment Fund 120 8 Sigma Leasing Corp. 89 10 NAMCO Balanced Fund 117 5 SME Leasing Ltd. Guardian Modaraba 130 6 Security Investment Bank Ltd.Financial Statement Analysis of Financial Sector Company 2011 Page # 79 Company Page.

Money Ex (Pvt.) Ltd. East West Life Insurance Co..) Ltd. 167 14 IBL Modarba 139 14 NBP Exchange Company Ltd. Paracha International Exchange Co. 168 15 KASB Modarba 140 15 16 National Bank Modarba 141 16 17 Pak Modarba 142 17 18 Paramount Modarba 143 18 19 Prudential Modarba 144 19 20 Punjab Modarba 145 20 Paragon Exchange Company (Pvt) Ltd.) Ltd. 166 13 Habib Modarba 138 13 Malik Exchange (Pvt. 175 22 Treet Manufacturing Modarba 147 22 176 23 Tri-Star Modarba 148 23 Royal International Exchange Company (Pvt.) Ltd. D.) Ltd. 164 11 Habib Qatar International Exchange Pakistan Ltd. (Pvt. 192 2 Adamjee Insurance Company Ltd. Jubilee Life Insurance Company Ltd. Life Insurance Corporations (7) 1 AA Exchange Company (Pvt. 165 ACE Insurance Aid Pacific Ltd. 24 25 26 Trust Modarba UDL Modarba Unicap Modaraba 149 150 151 24 Noble Exchange International (Pvt. D Exchange Company (Pvt) Ltd. (Pvt. Dollar East Exchange Company (Pvt.) Ltd. Ravi Exchange Company Ltd 21 Standard Chartered Modarba 146 21 Riaz Exchange Co.) Ltd. 184 2 Al-Hameed Int‟L.) Ltd P B S Exchange Company (Pvt.) Ltd. 163 1 Non-Life Insurance Corporations (38) 10 Habib Currency Exchange (Pvt. 193 3 Agro General Insurance Company Ltd. EFU Life Assurance Company Ltd.) Ltd. # 12 Habib Bank Modarba 137 12 SIBL Exchange Co.) Ltd. 156 2 American Life Insurance Company Ltd.) Ltd.) Ltd. Ltd. Al-Sahara Exchange Company (Pvt. 155 1 Adamjee Life Assurance Company Ltd..) Ltd. 157 158 159 160 3 4 5 6 Asia Care Health & Life Insurance Co. 190 8 Galaxy Exchange Company (Pvt.) Ltd.) Ltd. Sky Exchange Company (Pvt) Ltd. Pakistan Currency Exchange Co. 194 4 Alflah Insurance Company Ltd 195 249 . 186 187 188 189 7 Fairdeal Exchange Company (Pvt. Wall Street Exchange Company (Pvt.) Ltd. 161 7 State Life Insurance Corporation Ltd. 162 B. 9 H and H Exchange Company (Pvt. 185 3 4 5 6 Al-Rahim Exchange Company (Pvt. 169 170 171 172 173 174 177 178 Insurance Companies (50)* Exchange Companies (24)* A. Ltd. (Pvt.Financial Statement Analysis of Financial Sector 2011 Company Page # Company Page.

198 199 36 37 Union Insurance Company of Pakistan Ltd. of Pakistan Ltd. Atlas Insurance Company Ltd.. Asia Insurance Company Ltd. 229 10 Century Insurance Company Ltd. 205 4 Pak Qatar General Takaful Ltd. PICIC Insurance Ltd.U. United Insurance Company of Pakistan Ltd. Jubilee General Insurance Company Ltd. Ltd. 216 4 TRG Pakistan Limited 245 26 Saudi Pak Insurance Company Ltd 217 27 Security General Insurance Company Ltd. Pakistan Reinsurance Company Ltd. 201 C. The Co-operative Insurance Society of Pakistan Ltd.Financial Statement Analysis of Financial Sector Company 5 34 TPL Direct Insurance Company Ltd. (Guarantee) Ltd. Page. 207 17 International General Insurance Co. # 225 197 35 UBL Insurers Ltd 226 Page # 196 Company 2011 6 Allianz EFU Health Insurance Company Ltd. Pak Kuwait Takaful Company Ltd 231 232 13 East West Insurance Company Ltd. 202 203 1 2 Dawood Family Takaful Ltd.F. 221 18 19 20 21 31 32 33 Housing Finance (2)** 209 1 Asian Housing Finance Ltd. 204 3 Pak Qatar Family Takaful Ltd. 227 228 9 Capital Insurance Company Ltd. 238 210 2 House Building Finance Company Limited* 239 Venture Capital (4)** 212 222 223 224 * Calender year. National Insurance Corporation 208 211 22 23 24 New Hampshire Insurance Company Ltd. 206 5 Takaful Pakistan Ltd. 233 14 Excel Insurance Company Ltd. E. 7 8 Askari General Insurance Company Ltd. 220 30 The Asian Mutual Insurance Co. 219 29 Silver Star Insurance Company Ltd. The Crescent star Insurance Company Ltd. Pakistan Mutual Insurance Company Ltd. 235 16 Hallmark Insurance Co. The Pakistan General Insurance Company Ltd. 218 28 Shaheen Insurance Company Ltd. 234 15 Habib Insurance Company Ltd. Premier Insurance Company Ltd. 200 38 Universal Insurance Company Ltd. General Insurance Company Ltd. ** Fiscal year 250 . 213 214 215 1 2 3 AKD Capital Ltd AMZ Venture Capital TMT Venture Capital 242 243 244 25 Reliance Insurance Company Ltd. Takaful Companies (5) 11 12 Cyan Ltd.

The symbol „-„ appearing in the analytical tables stands for Not applicable or Not available. Reclassification in sectors and renaming may happen during the year. 251 . if any. Data of non-responding existing companies are repeated for 3 years before their removal from analysis in the publication. consolidated financial statement of a company is used to cover full potential of the parent company. which would be reflected in the next year‟s publication. Data revisions in the preceding years are due to restated balance sheets by respective institutions plus error & omissions. Sector-wise coverage is based on the available financial statements of companies. Respective closings of different sectors/companies are mentioned in the appendix. Repeated data of any company is replaced with the actual one upon receipt of its annual report in that year‟s publication.Financial Statement Analysis of Financial Sector 2011 Explanatory Notes:         In the analysis.